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ANNUAL REPORT
OF TH
E

SUPERINTENDENT
OF B A N K S
R E L A T IV E T O

Savings and Loan Associations,
Land Bank of the State of New York and
Credit Unions

For the Year 1915

T R A N S M IT T E D T O T H E L E G IS L A T U R E M A R C H 15, 1916




ALBANY
J. B. LYON COMPANY, PRINTERS
1916




State

of

N ew

Y ork
a

N o. 38

IN

SENATE
M arch 15, 1916

REPORT
OF TH E

SUPERINTENDENT OF BANKS, RELATIVE TO SAVINGS
AND LOAN ASSOCIATIONS, LAND BANK OF THE
STATE OF NEW YORK AND CREDIT UNIONS

STA TE

OF N EW

YORK:

B anking D epartment,
A lbany, March 15, 1916
To the Honorable the President of the Senate:

S ir.— In accordance with the provisions o f the Banking Law,
I have the honor to transmit to the Legislature the annual report
o f this Department, relative to savings and loan associations, the
Land Bank of the State o f New Y ork and credit unions, for the
year ending December 31, 1915.




V ery respectfully yours,
E U G E N E LA M B R IC H A R D S ,
Superintendent o f Bantes.




D E P n D 1
K U iU K T

T o the L egisla ture:

In accordance with the provisions o f section 83 o f the Bank­
ing Law, I present that portion o f the annual report o f this D e­
partment whiph relates to savings and loan associations, the Land
Bank o f the State o f New Y ork and credit unions.
The last calendar year was not especially favorable fo r the
business o f savings and loan associations as, during the fore part
o f the year, the depression in business which existed prior to the
beginning o f the European war and was fo r a tim e intensified by
its outbreak, still prevailed and the small wage-earners and
laborers who constitute the clientele o f such associations were
obliged to withdraw their savings rather than add to them. Under
all the circumstances, however, the progress made by these asso­
ciations during the year is noteworthy. S ix new associations were
organized during the year and as only one discontinued business,
the total number o f such associations at the beginning o f the
present year was two hundred fifty-one. There was an increase
in the reported resources o f all the associations o f the State during
the year o f approxim ately fou r m illion dollars and their total
resources aggregated nearly seventy-two and one-half m illion
dollars. The increase in the assets o f the strictly local co-opera­
tive associations was over fou r and one-half m illion dollars and
they reported assets o f nearly sixty-eight m illion eight hundred
thousand dollars.

T he L and B ank

op the

State

of

N ew Y ork

The organization o f the Land Bank o f the State o f New York
was completed and it commenced business during the year. It
is probable that no institution was ever organized which has been
more misrepresented both by its avowed advocates and its oppo­
nents than the corporation that is now beginning business so
m odestly and so econom ically. I t is intended to be a central in­
stitution fo r all the local savings and loan associations o f the
State with power to assist them in procuring money to loan upon
real estate values, both urban and rural, on reasonable terms.




m

It

6

A nnual E xport of the

has been compared to a Federal reserve bank and does bear some­
what the same relationship to the member associations that a
Federal reserve bank bears to the member banks. I t was con­
ceived, however, and a b ill authorizing it prepared and introduced
in the Legislature a year before the Federal Reserve A ct was
passed, and, w hile national banks were com pelled to become
members o f a Federal reserve bank, membership in the Land Bank
o f the State o f N ew Y ork is entirely voluntary. O wing to the
misrepresentations referred to and a failu re to understand the
possibilities o f the new institution, less than one-sixth o f the
savings and loan associations o f the State have thus fa r become
members o f an institution which is intended solely fo r their
benefit. These member associations, however, have total re­
sources o f nearly twenty-two m illion dollars. N otwithstanding
the difficulties encountered and the fa ct that the times have hardly
been suitable fo r its rapid development, its first issue o f bonds
has been sold upon a fou r and one-half per cent, basis and its
affairs have been so econom ically and conservatively managed
that, after paying all expenses incident to its organization, a small
surplus has been accumulated from its profits. Although owing
to the unfortunate and undesired encomiums and attacks above
mentioned, its possibilities have not yet been fu lly appreciated,
it is probable that no single act o f constructive legislation has in
recent years aroused greater interest throughout this country and
even in Canada than the statute establishing it and, at the present
tim e, the U nited States Congress is engaged in perfecting legis­
lation along sim ilar lines fo r the establishment o f capitalized and
State-aided land banks fo r the purpose o f loaning money to farm ­
ers through the agency o f local corporations to be organized fo r
that purpose.
O ur Banking Law commences with the local associations and
builds up and both the local associations and the central institution
are strictly co-operative and voluntary. The only privilege whieh
has been asked from , or given by, the State is the privilege o f
having the bond and mortgages which form the basis o f the Land
Bank’ s securities deposited with the State Com ptroller fo r the
greater assurance o f purchasers.
B ills which w ill increase the usefulness o f this institution and
strengthen its securities have already been introduced in the




S uperintendent op B anks

1

present Legislature and, in view o f the fact that it is a sem i-public
co-operative institution, designed to aid all borrowers upon land
values, it m ay not be im proper to call attention to the security
behind the bonds it issues.
N o bonds and mortgages can be made the basis o f an issue o f
bonds by the Land Bank which are not first mortgages or i f the
amount loaned exceeds seventy-five per centum o f the appraised
value o f the real estate. A s the loaning territory o f the local as­
sociations o f the State is lim ited, the appraisers are men fam iliar
with local conditions and land values in the vicin ity. The bonds
issued cannot exceed eighty per centum o f the value o f the bonds
and mortgages deposited, so that in amount they cannot exceed,
and w ill usually be less than, sixty per centum o f the value o f the
land by which they are secured, which is the savings bank basis.
The payment o f the installments upon the bonds and mortgages
deposited is guaranteed to the Land Bank by the member associa­
tions depositing them, and I believe that no strictly local savings
and loan association has ever been so mismanaged that it was un­
able to pay its general indebtedness. The losses sustained by the
most unfortunate o f the local associations have fallen upon the
members and outside creditors have been paid in fu ll. The bonds
are further secured by the capital and surplus o f the Land Bank
o f the State o f N ew Y ork which, under the statute, must increase
as the bonds issued by it increase and by the double liability o f
the member associations upon the shares held by them, and no
member association is perm itted to hold shares in excess o f ten
per centum o f its resources. W hile even governments and m unici­
palities have failed to pay their obligations, it is difficult to con­
ceive o f a private institution o f this character in which the possi­
bilities o f loss could be more carefully m inim ized. W hile its
operations must even yet be considered more or less experimental,
it would seem to be a safe experiment and with proper support
from the institutions interested its ultimate success would seem
probable, i f not assured.

E agle S avings

and

L oan C ompany

The E agle Savings and Loan Company is one o f the few sur­
viving associations form erly classified as national bu ild in g and
loan association. On account o f its size and its condition re-




8

A nnual R eport of the

Bulting from successive misfortunes, I called attention to it and
the assessment levied upon its members in m y report o f last year.
The belief then expressed, with reference to the profits o f the in­
stitution, under ordinary circumstances, was realized and the
payment o f dividends commenced under the new management
The association was, however, involved in litigation with some
o f its borrowing members and an adverse decision in one o f these
cases was given so much prom inence that members who, to a
large extent, had canceled their notices o f withdrawal again filed
them. W hile an appeal was taken in the case referred to the
officers, in view o f the possibility o f the decision being sustained,
and, in view o f the large amount o f withdrawals filed, have not
deemed it proper to continue the payment o f dividends and the
directors, in accordance with the provisions o f the Banking Law,
have ordered the payment o f withdrawals pro rata as funds accu­
mulate fo r that purpose. This procedure w ill preserve the equities
o f members and prevent the payment o f some shareholders in fu ll
while others are left to bear all the losses should such losses result
from an adverse decision in the litigation referred to or from any
other unforeseen cause. It should, o f course, be remembered that
the members o f such associations sustain almost a partnership
relation to each other and must share in the losses, if any occur,
as well as participate in profits or earnings.

A ssociations O rganized D uring

the

Y ear

D uring the year the follow ing associations were organized and
authorized to commence business:

NAME

Location

Certificate
approved

Date of
authorization

South Shore Savings and Loan AssociaJan.
California Perfume Company Employees
Savings and Loan Association.............. 31 Park place, New
York, N. Y ............. Feb.
Hammondaport Savings and Loan AssoMay
Ithaca Savings and Loan Association. . . . Ithaca.......................... May
Orangetown Savings and Loan Asaocia8parkill........................ May
Jefferson Savings and Loan Association.. 1271 Jefferson street,
Buffalo, N. Y .......... May




28, 1915

Feb. 17, 1915

25, 1915

Mar. 4, 1916

12, 1915
17, 1915

May 12, 1915
May 17, 1915

27. 1915

M ay 27, 1915

27, 1915

M ay 27, 1915

9

S uperintendent of B anks

Change

of

N ame

The name o f the Commercial U nion Co-operative Bank, o f
A lbany, form erly classified as a national building and loan asso­
ciation, was changed to Central Savings and Lodn Association, a
name which is less m isleading and more descriptive o f its present
methods o f doing business.

A ssociations D iscontinuing B usiness
The Elm Permanent Loan Association, o f Buffalo, which was
form erly classified as a national building and loan association and
has been in practical liquidation fo r many years, discontinued
business.

Practically all the rem aining assets o f the corporation

consisted o f real estate which the shareholders believed could be
more econom ically administered under the Business Corporations
Law.

They, therefore, form ed a corporation under that statute,

in order to take over this real estate and hold it until such time
as it could be profitably sold.

A ssociations

in

L iquidation

Am ong the associations whose annual statements w ill appear
in the appendix to this report are the follow ing which have been
in practical liquidation fo r many years and are not now engaged
in active business:
Elm ira M utual Building-Loan A ssociation.............................................
Security Loan A ssociation ..........................................................................
W estern Savings and Loan A ssociation...................................................
C o-operative Building B ank.......................................................................
Harlem R iver Building, Loan and Savings A ssociation.......................
M ount M orris C o-operative Building and Loan A ssociation.............

Elm ira.
Rochester.
Rochester.
New Y ork.
New Y ork.
New Y ork.

R esources

by

of

A ssociations

and

D istribution

C ounties

The follow in g table shows the counties in which the savings
and loan associations are located, their reported resources by
counties, the number o f associations in each county, and the change
in reported resources fo r the year:




10

A nnual B efobt of the

COUNTIES

B ro o m e ...................................
Chautauqua..............................

Cortland....................................
Dutchess....................................
E rie............................................
Franklin.................................
Genesee....................................
Greene...................................
Herkimer.............................
Jefferson.....................................
K ings.......................................
M adison.................................r
M onroe......................................
Nassau.......................................
New Y ork.................................
Oneida................................
Onondaga................................
Ontario......................................
Orange.....................................
Orleans...................................
Oswego.......................................
Otsego......................................
Queens.......................................
Rensselaer.................................
Richm ond.................................
R ockland...................................
St. Lawrence.............................
Saratoga....................................
Schenectady..........................
Steuben.....................................
Sullivan.....................................
T ioga........................................
Tompkins................................
Ulster.........................................
W arren.......................................
W ashington...............................
W estchester...............................
Y ates.....................................
Totals.................................
Net increase......................




Number
of
associa­
tions

6
1
5
2
3
3
3
1
2
2
1
1
34
1
1
1
4
2
28
2
18
3
33
3
5
2
1
9
2
5
I

8
5
13
7
5
1
1
7
1
1
2
4
1
1
8
1

R eported R esources

Increase

Decrease

Dec. 31,1914 Dec. 31,1915

*1,200,178
205,536
998,070
226 37 7
1,230,853
469,859
1,984,791
312,222
47,374
58,631
15,467
604,022
6,916,345
101,366
506,559
174,282
702,080
543,604
9,586,933
210,167
2,907,466
426,944
9,262,516
2,163,949
4,255,407
241,581
751,947
2,323,321
325,854
1,530 i 146
543,419
952,102
3,563,240
4,428,670
1,739,276
1,647,990
55,840
939,214
1,466,898
12,810
233,8%)
366
374,511
554,005
18,829
1,640,978
20,574

*1,220,039
199,851
1,021,7% )
238,303
1,392,518
484,927
2,149,601
325,004
65,221
82,351
25,366
643,023
7,508,728
112,580
513,422
187,122
790,331
595318
9,128,664
217,834
3,076'750
451,182
9,972,661
2,369,273
4,500,938
235,176
842323
2,577,085
347,144
1,704'565
621,768
986,461
3,845,419
4,785,543
1,900,084
1,644,340
70,834
1,009,136
1,597,868
21,889
188,112
12,147
415,166
543,516
22307
1,754,627
20,891

251 *68,476,499 *72,419,658

*19,861
*5,685

.

23,650
11326
161,665
15,068
164,810
12,782
17,847
23,720
9,899
39,001
592,383
11,214
6,863
12,840
88^251
52,014
7,167
169^284
24,238
710,145
205,324
245'531

........ ...•
458,269

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

6,405
90,676
253,764
21,260
174319
78,349
34,389
282,179
356373
160,808

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

3,650
14,994
69,922
130,970
9^079
45,718
11,781
40355
10,489
3,878
113,649
317
*4,473,375
3,943,159

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

*530,216

S upebintsndent of B a sk s

11

The foregoing table shows that the two hundred fifty-one
savings and loan associations o f the State are scattered over fortyseven o f its sixty-two counties. There are only fifteen counties
which have no associations o f this character. Their w ide dis­
tribution, as w ell as the character o f their patrons, gives them a
much greater comparative im portance in the financial system o f
the State than their resources- would indicate. It w ill, moreover,
be noticed that there are nineteen counties in the State in which
the reported resources o f these mutual co-operative associations
exceed one m illion dollars and in only eight counties, including
counties where one or more such associations have been recently
organized, are the reported assets less than one hundred thousand
dollars. The rather large decrease shown in the resources o f in­
stitutions located in K ings county is due to the m isfortunes o f
the Eagle Savings and Loan Company, and the comparatively
small decreases in the reported resources o f associations located
in five other counties is accounted fo r by the payment o f a large
amount o f matured shares in addition to the usual withdrawals.
The increase in reported resources is approxim ately the same as
last year, w hile the net increase is slightly less than last year,
owing to the larger decrease in K ings county. The total reported
resources o f seventy-two m illion fou r hundred nineteen thousand
six hundred fifty-eight dollars are larger than they have ever be­
fore been reported.

"National

and

L ocal A ssociations

There are so few associations left which were form erly classi­
fied as national building and loan associations that it is not neces­
sary to call attention to the distinctions upon which that classifi­
cation was based, although it seems to be necessary that the classi­
fication be retained, in order that the strictly co-operative local
associations m ay receive due credit fo r the work they are doing.
Three o f the associations form erly classified as national building
and loan associations, including the Eagle Savings and Loan Com­
pany, are still engaged in active business. The other associations
o f this class are in practical liquidation. The new business o f the
active associations is, o f course, transacted upon the same plan as
the ordinary local savings and loan associations under existing
laws.




12

A nnual R epost op th e

The follow in g are the associations form erly classified as na­
tional building and loan associations:
Central Savings and Loan A ssociation.....................................................A lbany.
Eagle Savings and Loan C om pany........................................................... B rooklyn.
Elm ira M utual Building-Loan A ssociation............................................. Elm ira.
W estern Savings and Loan A ssociation..................... .....................
R ochester.
Bankers Loan and Investm ent C om pany............................................... New Y ork.
C o-operative Building B ank....................................................................... N ew Y ork.

C omparative T able
The principal items o f assets and liabilities, receipts and dis­
bursements o f the associations o f the State at the close o f business
December 31, 1915, together with other items o f general interest
and a comparison between these items as reported by the national
and local associations are shown in the follow ing table:
A scsts

Nationals

Locals

Totals

Loans on bond and mortgage........................................... *2,342,716 $82,098,191
30,394
1,850,510
Loans on shares.................................................................
461,064
5,235
Stocks and bonds..............................................................
4,000
96,000
Shares of Land Bank of the State of New Y ork ..........
23,828
333,754
Land contracts..................................................................
1,125,313
1,323,587
Real estate.........................................................................
52,582
Cash on hand and in bamk..............................................
2,358,619
7,365
Furniture and fixtures......................................................
39,280
Installments due and unpaid...........................................
33,491
22,479
97,808
Interest, premium, fees and fines, due and un paid.. . .
Other assets........................................................................
16,259
97,183

*64,440,907
1,880,904
466,299
100,000
357,582
2,448,900
2,411,201
46,645
33,491
120,287
113,442

*3,630,171 *68,789,487

*72,419,658

Due shareholders, dues..................................................... *2,944,685 $56,074,585
31,043
405,252
Due shareholders, matured shares...................................
140,206
7,335,021
Due shareholders, dividends credited.............................
9,039
Balance due borrowers on mortgage loans......................
257,577
234,300
163,650
Prior mortgages.................................................................
49,000
1,179,831
Borrowed money...............................................................
50,000
Advances by Land Bank..................................................
78,775
1,198,641
Undivided profits..............................................................
20,735
1,M 3,357
Guaranty fund..................................................................
159,388
Unearned or rebatable premium.....................................
72,183
122,388
Other liabilities.................................................................

$59,019,270
436,295
7,475,229
266,616
397,950
1,228,831
50,000
1,277,416
1,914,092
159,388
194,571

*3,630,171 $68,789,487

$72,419,658

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

Liabilities

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




13

S uperintendent op B anks
R eceipts

Nationals

Cash on hapd January 1, 1915........................................
Dues received....................................................................
Prior mortgages.................................................................
Money borrowed...............................................................
Mortgages redeemed.........................................................
Loans on shares repaid.....................................................
Real estate soM.................................................................
Fees received.....................................................................
Fines received....................................................................
Interest received................................................................
Premium received.............................................................
Rent received....................................................................
Dividends retained on withdrawal..................................
Other receipts....................................................................

$66,251
187,608
20,075
108,000
1,006,631
19,506
111,369
72
889
124,215
16,235
53,786
11,381
M l, 211

Locals

Totals

$1,869,533
18,549,537
27,450
3,394,421
7,782,437
1,930,298
272,673
, 34,334
35,836
3,456,906
273,266
58,144
61,488
599,686

$1,935,784
18,737,145
47,525
3,502,421
8,789,068
1,949,804
384,042
34,406
36,725
3,581,121
289,501
111,930
72,869
800,897

Totals.......................................................................... $1,927,229 $38,346,009

$40,273,238

D isbursements

Limned on mortgages........................................................
Loaned on shares..............................................................
Payments to shareholders before maturity, dues..........
Paid matured shares.........................................................
Payments to shareholders, dividends withdrawn........
Cash dividends paid on income and accumulative prepaid shares'.....................................................................
Paid borrowed money and prior mortgages.................
Paid interest on borrowed money and prior mortgages..
Paid for real estate...........................................................
Paid advertising, printing and postage...........................
Paid rent............................................................................
Paid repairs to real estate................................................
Paid taxes, insurance, e tc......................... ......................
Other disbursements.........................................................
Cash on hand December 31, 1915...................................
Totals..........................................................................

$395,818 $11,694,671
25,544
2,056,248
509,117 12,141,030
4,713
3,912,058
84,770
998,971
44,839
301,475
24,344
137,300
28,121
4,646
8,168
19,554
23,221
263,017
52,582

$12,090,489
2,081,792
12,650,147
3,916,771
1,083,741

281,0)1
3,403,192
78,094
376,323
273,083
34,143
37,650
22,448
45,523
632,055
2,358,619

326,740
3,704,667
102,438
513,623
301,204
38,789
45,818
42,002
68,744
895,072
2,411,201

$1,927,229 *38,346,009

*40,273,238

M iscellaneous I tems

Shares in force January 1, 1915.......................................
Shares issued during the year..........................................
Shares withdrawn duirng the year..................................
Shares in force December 31, 1915.................................
Borrowing members..........................................................
Shares held by borrowing members.................................
Non-borrowing members..................................................
Shares held by non-borrowing members.........................
Female shareholders*........................................................
Shares held by fem ales*...................................................
Dividends credited on i istallaient shares during the
year.................................................................................
Dividends credited or paid in cash on other shares
during the year..............................................................

139,463
6,883
20,473
125,873
522
16,193
5,860
109,680
2,663
43,781

1,519,938
404,277
315,361
1,608,854
34,727
432,993
138,271
1,175,861
62,003
425,487

1,659,401
411,160
. 335,834
1,734,727
35,249
449,186
144,131
1,285,541
64,666
469,288

*14,620

$2,427,938

*2,442,558

$51,566

$590,088

$641,654

♦Sixteen associations did not report in regard to three items.




14

A nnual R eport of th e
M iscellaneous Items — Concluded

Nationals

Locals

Filed and unpaid withdrawals December 31, 1915___
$560,551
$109,860
Shares matured during the year......................................
$4,713 $3,854,566
Operating expenses for the year, paid.............................
$46,344
$387,553
Operating expenses for the year, unpaid........................
$1,629
Amount o f mortgages on property in this State.......... $2,317,448 $58,161,134
Number of foreclosures commenced in 1915..................
175
123
Number of foreclosures completed in 1915.....................
11
128
Number of parcels of real estate acquired in 1915 by
foreclosure or settlement of loans.............................
30
112

C omparisons

and

I tems

of

Totals

$670,411
$3,859,279
$433,897
$1,629
$60,478,582
298
139
142

S pecial I nterest

W hile the total assets o f all associations at the close o f the year
were seventy-two m illion fou r hundred nineteen thousand six hun­
dred fifty-eight dollars, an increase o f three m illion nine hundred
forty-three thousand one hundred fifty-nine dollars, the local asso­
ciations alone reported assets amounting to sixty-eight m illion
seven hundred eighty-nine thousand fou r hundred eighty-seven
dollars, showing an increase o f fou r m illion five hundred forty
thousand nine hundred eighty-four dollars, or over seven per cent.
The total membership o f the associations was one hundred
seventy-nine thousand three hundred eighty, an increase o f seven
thousand one hundred thirty-three. The total membership o f the
local associations was one hundred seventy-two thousand nine hun­
dred ninety-eight, an increase o f seven thousand six hundred
eighty-five.
The national associations had two thousand six hundred sixtythree fem ale shareholders who were the owners o f forty-three thou­
sand seven hundred eighty-one shares and the local associations
had sixty-two thousand and three fem ale shareholders holding fou r
hundred twenty*five thousand fou r hundred eighty-seven shares.
There were sixteen local associations which did not report the
number o f fem ale shareholders.
The statement with reference to matured shares is o f particular
interest to those who remember the charges once made by oppo­
nents o f the system that the members o f such associations would
net continue their payments until m aturity, except possibly in
tha ease o f borrow ing members.




S uperintendent op B anks

15

D uring the past five years, the associations o f the State have
paid matured shares to the amount o f fourteen m illion fou r hun­
dred fifty-seven thousand and seventy dollars. D uring the last
year, they paid matured shares amounting to three m illion nine
hundred sixteen thousand seven hundred seventy-one dollars, which
is the largest amount ever paid in a single year. The local associa­
tions alone paid matured shares to the value o f three m illion nine
hundred twelve thousand and fifty-eight dollars.
I t was also alleged that i f any considerable number o f shares
should be matured at the same tim e by a small local association,
the institution would be seriously embarrassed. D uring the past
year, a small local association which commenced business in 1902,
and at the close o f the previous year had total reported resources
o f less than two hundred thirty-four thousand dollars, paid
matured shares amounting to nearly eighty-eight thousand dollars.
Its affairs were so managed that, although it also made loans
amounting to over forty-eight thousand five hundred dollars and
paid withdrawals o f over six thousand dollars, it was only com­
pelled to borrow fifteen thousand dollars and had repaid a portion
o f this amount at the close o f the year. It still had on hand
savings bank securities, readily salable, having a market value
o f approxim ately seventeen thousand dollars.
The withdrawals paid during the year amounted to thirteen
m illion seven hundred thirty-three thousand eight hundred eightyeight dollars, o f which amount thirteen m illion one hundred forty
thousand and one dollars was paid by the local associations. The
holders o f income and accumulative prepaid shares also received in
cash during the year three hundred twenty-six thousand seven hun­
dred forty dollars. The total payments' o f the associations to their
own members during the year, therefore, amounted to seventeen
m illion nine hundred seventy-seven thousand three hundred ninetynine dollars, or considerably m ore than one-fourth o f their total
resources at the beginning o f the year. W hen it is remembered
that these associations are not required to maintain a cash reserve
and keep their funds closely invested, this showing is rather re­
markable. A t the end o f the year, moreover, the .associations o f
the State had on hand cash to the amount o f over tw o m illion four
hundred thousand dollars, nearly double the amount o f borrowed
money.




10

A nnual R eport op this

Such associations have no capital, except such as is contributed
by the members, and, in order to protect the shareholders from
loss, they have, fo r a number o f years, been required to contribute
a small percentage o f their net earnings to a guaranty fu n d before
the declaration o f dividends.
The total amount o f the guaranty fund o f the local associations,
thus gradually accumulated, at the close o f the last fiscal year
amounted to one m illion eight hundred ninety-three thousand
three hundred fifty-seven dollars. The guaranty fund cannot
be used fo r the payment o f dividends or expenses, but is charge­
able w ith any losses which an association m ay sustain.
The undivided profits o f the local associations at the close o f
the year amounted to one m illion one hundred ninety-eight thou­
sand six hundred forty-one dollars, giving them a total surplus o f
three m illion ninety-one thousand nine hundred ninety-eight dol­
lars, or fou r and eighty-four hundredths per centum o f the dues
and dividends credited to members, an increase during the year
o f nearly three hundred thousand dollars. The surplus o f all asso­
ciations, including the so-called nationals, was three m illion one
hundred ninety-one thousand five hundred eight dollars, or fou r
and seventy-six hundredths per centum o f the dues and dividends
credited to members.

E arnings, E xpenses

and

D ividends

The principal items o f earnings and o f expenses o f the two
classes o f associations are shown in the follow ing table, together
with totals:
E abmimqs

Nationals

$72
889
124,215
16,235
53,786
11,381
Totals................................... ..




Locals

Totals

$34,334
35,836
3,456,906
273,286
58,144
61,488

$34,406
36,725
3,581,121
289,501
111,930
72,869

$206,578 | $3,919,974

$4,126,552

IT

SUFEBINTENDENT OF BAN KS
E xpenses

Nationals

Locals

Totals

Paid interest on borrowed money and prior mortgages..
Paid salaries and clerk hire..............................................
Paid advertising, printing and postage...........................
Paid rent............................................................................
Paid repairs to real estate................................................
Paid taxes, insurance, e tc................................................
Miscellaneous operating expenses.............. .....................

924,344
28,121
4,646
8,168
19,554
23,221
5,409

$78,094
273,083
34,143
37,650
22,448
45,523
44,306

$102,438
301,204
38,789
45,813
42,002
68,744
49,715

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

$113,463

$535,247

$648,710

Net earnings......................................................................

$93,115

$3,384,727

$3,477,842

It is, o f course, impossible in a general table o f this character
to include all items, either o f profit or o f expense, as a consider­
able diversity in the business methods o f different associations
still exists.
The total earnings shown by this table were three m illion
four hundred seventy-seven thousand eight hundred forty-tw o
dollars, o f which three m illion three hundred eighty-four thousand
seven hundred twenty-seven dollars constituted the profits
o f the local associations. The accumulated capital o f the local
associations at the beginning o f the year was fifty-nine m illion
five hundred eighty-nine thousand and forty-nine dollars, so
that their net earnings were nearly, five and seven-tenths per
centum o f their accumulated capital. So large a proportion o f
the national associations were in practical liquidation, having
small profits and proportionately large expenses, that a calculation
o f their earnings would be o f little value, but the net earnings o f
all the associations o f the State, including national associations,
amounted to over five and one-half per cent, o f their accumulated
capital.
D ividends from

earnings were credited

by

two hundred

thirty-one o f the two hundred forty-five local associations upon
their regular installment shares at an average rate o f five and
forty-fou r hundredths per cent.

The dividends credited by

one hundred thirteen o f the local associations on other classes




18

A nnual R epoet op th e

o f shares averaged fou r and fifty-seven hundredths per cent.

The

three national associations not in liquidation credited dividends
to the holders o f installment shares at the average rate o f ap­
proxim ately five per centum per annum and credited the holders
o f other classes o f shares with dividends at the average rate o f
approxim ately fou r and one-third per centum per annum.
The operating expenses o f such associations, as defined by stat­
ute, are essentially expenses o f management.

The total operating

expenses o f the local associations during the year were three hun­
dred eighty-nine thousand one hundred eighty-two dollars, or
six dollars and fifty-three cents fo r each thousand dollars o f the
capital accumulated by members at the beginning o f the year.
The operating expenses o f all associations amounted to fou r hun­
dred thirty-five thousand five hundred twenty-six dollars, or six
dollars and ninety cents fo r each thousand dollars o f capital ac­
cumulated at the same date.

The total resources o f all the

associations at the close o f the year amounted to seventy-two
m illion fou r hundred nineteen thousand six hundred fifty-eight
dollars, and the total resources o f the local associations to sixtyeight m illion seven hundred eighty-nine thousand fou r hundred
eighty-seven dollars, so that i f these total resources are used as
the basis o f com parison, the operating expenses o f all the associa­
tions o f the State would be six dollars and one cent fo r each
thousand dollars o f reported resources and the operating expenses
o f the local associations five dollars and sixty-five cents fo r each
thousand dollars o f resources.

A mendments

to the

L aw

The present law o f this State, providing fo r the organization,
conduct and supervision o f local savings and; loan associations is so
satisfactory that no amendment to it appears to be necessary at the
present time. V arious amendments, however, which directly af­
fect these associations and which have the approval o f this depart­
ment, are pending before the Legislature. B y one o f these amend­
ments, the Land Bank o f the State o f N ew Y ork is authorized to
make loans to any savings and loan association, whether a member




S uperintendent of B anks

19

association or not, upon its prom issory notes without, collateral.
B y another, the savings hanks are authorized to make loans to sav­
ings and loan associations which have been in existence fo r three
years and have an accumulated capital o f at least fifty thousand
dollars in the same manner.
It is very proper that the purpose o f the Land Bank o f the State
o f Hew Y ork should be emphasized by enabling it to be o f assist­
ance to the local associations fo r whose benefit it was organized,
even when they have not taken advantage o f the privileges ac­
corded them, by becom ing members, i f it can do so with safety.
The first impression o f those who are not fu lly inform ed with
reference to the laws governing savings and loan associations is
that an investment in the prom issory notes o f a savings and loan
association without collateral might he unsafe and unw ise; but,
there are few investments that are better secured than the prom is­
sory notes o f such an association when its general indebtedness
has been kept w ithin the legal lim it o f twenty per centum o f ac­
cumulated capital placed by statute upon its borrowing power.
A ll prior mortgages, liens or incumbrances upon the real estate
owned by an association or upon whieh it has made mortgage loans
must, moreover, be included in and counted as a part o f this item
o f borrowed money. I t is very rarely that any association has
even approxim ated this lim it. In fact the general indebted­
ness o f the local associations o f the State, including in the debt
all prior mortgages upon real estate owned by them or upon real
estate on which they have made loans, whether such prior m ort­
gages have been assumed or not, is hut slightly in excess o f two
per cent, o f their accumulated capital and the total indebtedness
o f all associations o f the State, including all such prior mortgages,
Hens or incumbrances, is less than two and one-half per cent, o f
their accumulated capital.
The courts o f this State have always held that the members o f
such associations sustain a partnership relation to each other and
that, in case o f liquidation, they can receive nothing whatever
upon their shares until all general indebtedness has been paid. In
fact, as to such general indebtedness, they stand in exactly the
same relation as the stockholders o f a stock corporation.




20

A nnual K efobt of th e

Institutions loaning m oney upon good security require a m argin
o f twenty per centum, or one-fifth, over and above the amount
loaned, but as a result o f the application o f the legal principles
referred to, even in the case o f an association with assets barely
equal in value to the accumulated capital o f its shareholders, a
loan to it is secured by a m argin o f fou r hundred per centum over
and above the amount loaned. In other words, the value o f the
property which is held fo r the benefit o f members, subject to its
payment, is five times the amount o f the loan.
A s m ore or less o f the personal element enters into contracts
between such associations and their members and the bonds and
mortgages given by members upon the ordinary savings and loan
plan are o f such a character that the contract on the part o f the
association could not be executed by the ordinary corporation or
by an individual, the mortgages have not been considered assign­
able, although an assignment to the Land Bank fo r special pur­
poses is now authorized by statute. It would, therefore, appear
to be both unnecessary and anomalous fo r a general creditor to
require from a savings and loan association an assignment o f a
small amount o f its assets when he has what is practically a lien
upon all o f them.
W ith the increase in the available fund o f savings banks au­
thorized by the recent revision o f the Banking Law, they have
greater need than ever before o f short-time investments o f an ab­
solutely safe character. The organization o f most savings banks,
adapted to the investment o f the vast sums which they have accu­
mulated, does not perm it o f the m inute investigation o f the small,
and when considered individually, com paratively petty real estate
loans which form the principal assets o f the savings and loan asso­
ciations. On the other hand, the organization o f the savings and
loan associations is peculiarly adapted to this business and enables
them to make loans o f this character with the utmost safety.
There is no real conflict between the two systems, and, so long
as the prom issory notes referred to afford such exceptional se­
curity, there would seem to be no good reason why these two
mutual systems should not supplement each other in the good
work which each is accomplishing.




21

SUPERINTENDENT OP BANKS

Credit U nions
The reports o f credit unions w ill hereafter he published in the
same part o f the annual report to the Legislature which has here­
tofore been confined to savings and loan associations only.

This

is em inently proper, fo r the reason that they constitute the only
other class o f institutions conducted upon a strictly co-operative
basis, savings banks being mutual institutions but not co-operative.
Credit unions are designed to enable farm ers, by co-operation,
to obtain small loans fo r productive purposes on personal credit
and to enable weekly wage-earners o f all classes, by the same
method, to avoid the exactions o f the loan sharks.
The first credit unions upon this continent were organized in
Canada and were modeled largely upon the Raiffeisen banks o f
Germany.

In this country, their organization was first author­

ized in the State o f Massachusetts.

The provisions o f the Bank­

ing Law with reference to credit unions were adapted from these
prior statutes, although m odified by experience with our own co­
operative system o f savings and loan associations.

The result is

believed by students o f this subject to be highly creditable to the
State and our statute is to considerable extent being used as a
model fo r such credit legislation in various parts o f the country.
N o other provisions o f the recent revision o f the Banking Law,
except the provisions with reference to the Land Bank o f the State
o f N ew Y ork have aroused as great interest or caused so many in­
quiries to be received from w idely scattered states.
Seventeen credit unions are now engaged in business in this
State. F ifteen o f them were organized during the past year.
W hile it is not expected that corporations o f this character w ill
ever transact business upon a large scale and none o f them have
been in existence fo r a sufficient length o f tim e to enable us to fu lly
comprehend their possibilities, it seems probable that the business
as a whole m ay attain large proportions and that individual credit
unions may become even larger than is now deemed probable.
D uring the short tim e o f its existence, one o f these associations
has already accumulated resources o f over twenty-one thousand
dollars.




22

A nnual R epobt op S upebintendent op B anks

The names and addresses o f the credit unions organized during
the past year are as follow s:
C nsorr U nions

Certificate
approved

Date of
authorisation

Jan. 11,1915
Jan. 28,1915

Jan. 26,1915
Feb. 10,1915

Jan. 25,1915
Jan. 11,1915
New Y ork................ Feb. 25,1915
M arx & Rawolle Employees’ Credit U nion.. Brooklyn.................. Mar. 1,1915
Amkanko Credit Union.................................
M ay 27,1915
June 24,1915
Grocers’ Credit Union...................................
June 15,1915
Borough of Brooklyn Credit Union.............
Prosperity Fund Credit Union, T he............ New Y ork................ July 27,1915
Fraternal Credit Union.................................
Sept. 3,1915
Credit Union o f the Employees of John
Wanamaker, New York, In c....................
Oct. 26,1915
Oct. 22,1915
Equitable Credit Union.................................
Dec. 17,1915
Centreville Station Co-operative Credit
U nion........................................................... Centreville Station. Nov. 24,1915

Feb. 19,1915
M ar. 13,1915
Mar. 24,1915
M ay 13,1915
June 3,1915
July 21,1915
July 22,1915
N ov. 3,1915
N ov. 8,1915

Location

NAM E

M etropolitan Credit Union...........................
Mutual Investment Credit Union of New
New Y ork................

Co-operative Credit Union...........................

W hile
ments to
thus fa r
proposed

N ov. 12, 1915
N ov. 15,1915
D ec. 28,1915
D ec. 30,1915

experience m ay demonstrate the need fo r some amend­
the statute with reference to credit unions, the law has
met with general approval and no amendments w ill be
by this department at the present time.

C onclusion
The reports o f the various institutions to which this chapter
relates wiE be published in the appendix, in slightly abbreviated
form , together with summaries o f their resources and liabilities,
receipts and disbursements.
The appendix w ill also contain a table giving the names, loca­
tions, dates o f organization and dates o f liquidation, i f closed, o f
all savings and loan associations which have at any tim e reported
to the Banking Department.
R espectfully submitted,




EUGENE LAMB RICHARDS,
Superintendent o f Banks.




APPENDIX




LIST
OF

Savings and Loan Associations
That have Reported to the Banking Department or have been Organized or Authorized
under the Banking Law

F r o m 1875 t o 1915

Including Building Lot Associations
N ote .— T he associa tion s w hose nam es are prin ted in S m all Ca ps closed before
1890.
The a ssocia tion s w hose nam es are prin ted in Ita lics closed a fte r 1880.
T he association s w hose nam es are printed in R om an are in existence a t th is date,
January 1, 1916.




125]

tO

LIST OF SAVIN G S A N D LO AN ASSO CIATIO N S
Location.

NAM ES OF ASSOCIATIONS.

Organised.

First
report
for year.

April 9,1884

1889

New
New
New
New
New

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

June 8,1888
Aug. 13,1889
M ar.,
1888
April 19,1888
M ay,
1884

1888
1889
1890
1888
1889

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

1891
1875
1887

Binghamton.............. *..........

M ay 22,1891
Mar. 15,1875
April 2,1886
M ar. 1,1894
June 24,1889

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

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

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

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 $.......................

Jamestown............................
Jamestown............................
Dunkirk................................
Jamestown............................
Ja mestown............................

N ov. 1,1881
M ay 13,1891
April 1,1889
Nov. 22,1881
Nov. 22,1881

1881
1891
1890
1894
1883

BROOME COUNTY.
Binghamton and Washington Land Company........................................
C atholic B uilding and Loan F und Association...........................
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 ..




1889

1893
*1881
1894

1895
1902
1901
$1894

L oan A ssociations

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

BRON X COUNTY.
Eureka Co-operative Savings and Loan Association...........................
Model Building and Loan Association of M ott Haven.......................
Mount Saint Vincent Co-operative Building and Loan A ssociation..
North New York Co-operative Building and Loan Association.........
Tremont Building and Loan Association..............................................

*1876
*1876
*1878
*1877
*1877
***Oct. 11, 1905

and

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

*1876
Moh. 28, 1913

Savings

Albany................................... M ay 7,1888
Albany.................................. Deo. 81,1888
Albany.................................. Jan. 29,1889
1868
Albany..................................
1869
Albany..................................
1868
Albany..................................

*i888
fl892

on

1.873
Albany..................................
Albany................................... July 15,1890
Voorheesville........................ M ay 19,1913
Albany.................................. Feb. 4,1889

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

Albany................................... Oct. 11,1892
Albany................................... N ov. 5,1888
1890
Albany................................... D ec.,
Albany................................... Feb. 16,1891
A lbany.................................. Feb. 16, 1891

Closed.

R eport

ALBAN Y COUNTY.
Albany County Savings and Loan Association o f Albany, N. Y ........
A lbany Savings and Loan A ssociation............................................
Centred Savings and Loan Association...................................................
Central Savings and Loan Association)j||..............................................
Commended Union Cooperative Bank....................................................
G bbman Savings ans B uilding F und A ssociation, N o. 8 ............
Homestead Savings and Loan Association o f Albany, N . Y..................
Permanent Savings and Loan Association of Albany, N. Y ...............
Safety Building-Loan and Savings Association o f the City of Albany
Savings and B uilding F und A ssociation, N o. 4 ............................
Savings and B uilding F und A ssociation, N o . 5 ............................
Savings and B uilding F und A ssociation, No . 6 ............................
Savings and B uilding F und A ssociation, N o . 7 ............................
Savings and B uilding F und A ssociation, N o. 9 ............................
United States Building, Mutual Loan Accumulating Fund Association.
Voorheesville Savings and Loan Association........................................
West End Savings and Loan Association..............................................

d
s

of

A ssociations




L ist

1891
Feb. 13,1891
Dunkirk.......
Lake Shore Savings and Loan Association........................
1896
1890
Aug. 5,1890
Jam estow n..
Scandinavian Building and Loan Association.....................
1909
April 15,1909
Silver Creek.
Silver Creek Co-operative Savings and Loan Association.
CHEMUNG COUNTY.
April,
1875
1875
Elmira.
Chemung Valley M utual Loan A ssociation!.....................
1888
May 28,1888
Elmira.
Elmira Co-operative Savings and Loan Association.........
•1878
1875
May 1,1872
Elmira.
Elmika B uilding and Loan Association.......................
1893
April 18,1893
Elmira.
Elmira Mutual Building-Loan Association.......................
i893
1891
Sept.,
1891
Elmira.
Queen City Homestead Association......................................
CHENANGO COUNTY.
1888
April 24,1888
Norwich.
Chenango Co-operative Savings and Loan Association...
*1910
July 23,1897
1897
O xford ..
Oxford Co-operative Savings and Loan Association.............
COLUMBIA COUNTY.
M ar. 4,1905
Dec.,
1875
1876
Hudson................
Hudson Building and Loan Association..............................
1911
April 20,1911
Hudson................
Hudson Savings and Loan Association..............................
Jan. 1,1881
1881
Stuyvesant Falls.
Stuyvesant Falls Building and Loan Association..............
CORTLAND COUNTY.
1895
Mar. 28,1895
Marathon.
Century Co-operative Savings and Loan Association.
1911
July 31,1911
C ortland..
Dime Savings and L oan Association.
DELAWARE COUNTY.
1907
Oct. 11.1907
W alton.
Walton Co-operative Savings and Loan Association (T he).
DUTCHESS COUNTY.
1888
April, II1888
Poughkeepsie.
Home Co-operative Savings and Loan Association............
*1882
1882
T own of Fishxill B uilding and Loan A ssociation. . .
ERIE COUNTY.
***1902
1890
Jan. 13,1890
Buffalo.
Acme Savings and Loan Associationf t ..................................
1893
1890
1887
Buffalo.
Adams Savings and Loan Association...................................
*1875
1875
Mar. 21,1872
Buffalo.
E tna Loan and A ccumulating F und Association
Oct. 23, 1889
1890
Buffalo.
E tn a Permanent Savings and Loan Association................
*1878
1875
June 3,1874
Buffalo.
A llemania Savings and A id A ssociation.......................
$11900
Mar. 27,1890
1890
Buffalo.
Amherst Savings and Aid Association...................................
Feb. 8, 1909
1900
Mar. 27,1890
Buffalo.
Amherst Savings and Loan A ssociation !!............................
*1879
April 11,1876
1876
Buffalo.
A micable Savings and A id A ssociation.........................
*1879
1875
Mar. 16,1875
Buffalo.
A uhoba Savings and A id A ssociation.............................
1896
1890
April 2,1888
Buffalo.
Bavaria Mutual Permanent Savings and Loan Association..
*1875
1875
Deo. 6,1872
Buffalo.
B avaria Street A iding and A ccumulating Society. ..
1895
1893
1889
Buffalo.
Black Rock Capital Savings and Loan Association...............
1890
April 7,1890
Buffalo.
Black Rock Mutual Home and Savings Association..........
................. i.892
1890
Jan. 1,1890
Buffalo.
Bristol Permanent Dime Savings and Loan Association.
1893
1890
Feb. 27,1890
Buffalo.
Broadway Dime Permanent Savings and Loan Association.........................................
**1894
1894
Mar. 31,1891
Buffalo.
Broadway Market Dime Permanent Savings and Loan Association............................
1893
1890
Jan. 8,1890
Buffalo.
Buffalo Building and Loan Association.........................................................................
*1875
1875
Buffalo.
B uffalo C ity Savings and M utual Benefit F und A ssociation.......................
*1893
1890
1890
Buffalo.
Buffalo Dime Savings and Loan Association............................ ...................................
**• Receiver appointed,
* The last report received was for that year.
** Consolidated with Prince Albert Permanent Savings and Loan Association,
$ Formerly Jamest Consolidated with W est End Savings and Loan Association.
ft Formerly Globe Permanent Dime Savings and Loan Association, a. v.
town Permanent Loan and Building Association, 3. v. Reorganized December 17, 1894.
|| Name changed to Amherst Savings and Loan Association March 19,
1896.
f f Formerly Am1900.
5 Reorganised as Jamestown Co-operative Savings and Loan Association, December 17, 1894.
! Reorganised October 7,
herst Savings ana Aid Asso^ation, a- ».
||Reincorporated July 9, 1895.
(HI Formerly Commercial Union Co-operative Bank.

fcO

Savings

and

bo
oo

L oan A ssociations — ( Continued).

Location.

Organized.

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

NAMES OF ASSOCIATIONS.

June 21,1887
Feb. 20,1881
April 12,1879

E R IE COUNTY — (Continued}.

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

M ar. 31,1893
Jan. 28,1890
Buffalo................................... Aug. 10,1904
Feb. 9,1874
1888
Buffalo................................... April,
M ay 22,1880
Feb. 22,1876
Buffalo..................................

June 6,1890'
July 1,1885
M ay 31,1887

Buffalo................................... Aug. 4,1884
Buffalo................................... Sept. 3,1878
N ov. 24,1891
M ar. 2,1891
Buffalo................................... April 12,1878
Buffalo...................................
Buffalo...................................
Buffalo..................................

M ay,

1870

Buffalo................................... Feb. 3,1890
Buffalo................................... April 30,1890
Buffalo...................................
Buffalo...................................
Buffalo................................... Sept. 7,1876
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
C oncordia Savings and Aid A ssociation! N o. 3 ........................................................... Buffalo...................................




M ay i , i894
Mar. 22,1897
Aug. 4,1869
April 1,1876
Oct. 4,1870
M ay 24,1873

First
report
for year.

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
1875
1876
1875
1875

Closed.

1892
Feb. 24, 1912
1896
*1875
*1875
ttl901
*1890
May 22,1908
*1875
July 25,1894
*1877
*1878
1892
1897
*1875
1892
*1878
11892
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

MO

of

S O N IA V g

L ist

of

A ssociations




L ist

*1879
1876
June 7,1876
Concordia Savings and A id A ssociation, Ho. 3.....................
1892
1890
Buffalo................................... Dec. 2,1889
Connecticut Permanent Savings and Loan Association.................
1913
M ay 14,1913
Co-operative Savings and Loan Association of Hamburg, T h e ..
1902
1890
Oct. 16,1886
Buffalo. 7.............................
Court Street Permanent Savings and Loan Association..................
*1875
1875
July 26,1872
D elaware Savings and A id Society ........................................
1895
Aug. 14,1895
Depew Co-operative Savings and Loan Association....................
1899
1890
B uffalo.................................. Jan. 22,1889
Dime Accumulating Savings and Loan Association.......................
*1875
1875
E agle A id and A ccumulating A ssociation.............................
*1876
1875
E agle Savings and Aid A ssociation.........................................
N ov. 18, 1905
1892
Dec. io , is o i
Bast Aurora Savings and Loan Association...................................
1893
1891
N ov. 22,1891
Bast Buffalo Dime Savings and Loan Association............ . . . . . . .
1894
1891
Buffalo................................... Sept. 11,1888
Bast Buffalo People’s Permanent Savings and Loan Association.
•1878
1876
E ast B uffalo Savings and A id A ssociation...........................
1913
Buffalo.................................. June 24,1913
East Buffalo Savings and Loan Association.................................
1893
1890
Buffalo................................... April 11,1888
Bast Buffalo Stock and Building Association................................
•1877
1875
E astern Savings and A id A ssociation.....................................
1894
April 19,1894
East Side Serial Savings and Loan Association............................
1894
1892
Buffalo................................... Jan. 2,1887
Economy Permanent Savings and Loan Association.....................
1897
1895
Buffalo................................... Nov. 1,1895
Electric City Co-operative Savings and Loan Association..............
•1877
1875
B u ffa lo.................................
E lk Street Savings and A id A ssociation...............................
1889
Mar. 18,1889
E llicott Permanent Savings and Loan Association.......................
•1878
1878
Buffalo.................................. April 6,1878
E llicott Savings and Loan A ssociation.................................
1892
1890
Feb.,
1882
Ellicott Street Permanent Mutual Loan Association.....................
1915
1890
Sept. 22,1879
Blm Permanent Loan Association....................................................
*1876
1875
E mslie Savings and A id A ssociation........................................
1892
1890
April 3,1888
Enterprise Savings and Loan Association......................................
ttl89 9
1890
Feb. 27,1890
Equitable Savings and Loan Association................. . ....................
1902
1890
1888
Buffalo.................................. O ct.,
Erie County Permanent Savings and Loan Association................
*1875
1875
E rie C ounty Savings and H elping F und A ssociation.........
1889
Dec. 21,1883
Erie Savings and Loan Association................................................
*1875
1875
Buffalo.................................. Aug. 6,1870
Excelsior Savings and A id A ssociation.................................
*1878
1878
Buffalo................................... Mar. 10,1877
Excelsior Savings and H elping F und Association, N o. 2..
1901
1890
M ay,
1889
Buffalo...................................
Perry Savings and Aid Association................................................
ttl89 6
1890
Mar. 4,1890
Fifth Ward Permanent Dime Savings and Loan Association. . . .
*1879
1878
B u ffa lo .................................
F irst W ard Savings and A id A ssociation...............................
1897
1890
Buffalo................................... Dec. 2,1889
Forest Avenue Independent Savings and Aid Association, No. 2..
1892
1890
M ay,
1889
Forest Permanent Savings and Aid Association............................
*1877
1875
Buffalo.................................. April 17,1871
Fourth W ard Savings and A id A ssociation...........................
1896
1890
July,
1884
Buffalo..................................
Fourth Ward Savings and Aid Association....................................
*1878
1878
F ranklin M utual Loan A ssociation.......................................
•1876
1875
Jan. 5,1871
F ranklin Savings and A id A ssociation...................................
1891
Buffalo................................... M ay 27,1891
Freehold Savings and Loan Association........................................
*•1895
1890
Buffalo.................................. July 1,1890
Front Avenue Savings and Loan Association.................................
•1877
1877
Mar. 7,1877
F rontier L oan and A ccumulating F und A ssociation..........
*1875
1875
Buffalo
...........................
F rontier Savings and A id A ssociation...................................
M ay 5,1891
1890
Buffalo
.........................
Frontier Savings Fund and Aid Association..........
1897
1891
Buffalo................................... April 28,1891
Frontier Savings Fund and Aid Association..........
« The last report reeei-ved was for that year.
** Amalgamated with Irish-Ameriean Savings and Loan A ^ociation.
t Consolidated with Richmond
Avenue Permanent Dime Savings and Loan Association.
t t Reeeiver appointed.
t Did not report for year 1896. ,. ^
^Lier of
Savings and Loan Association, q. v.
t Attempted revival of St. Joseph’s Street Permanent Savings and Loan Association of Rochester, q. v., closed by order ot
the Superintendent of Banks in 1897.

ts
O
CO

CO

L ist o r Savings

and

NAMES OF ASSOCIATIONS.

Organised.

Jan.
July
M ay
Jan.
Jan.

Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
B uffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo......................... -........

June 1,1890
13,1890
1,1886
28,1888
7,1889
1,1890

Feb. 5,1873
M ay 7,1885
Sept. 16, i.882
Oct. 6,1870
June 4,1890
Jan. 31,1884
M ay 1,1890
M ay 5,1890
M ay 29,1883
Feb. 19,1881
• • • • • • • • • • .•

June 24,1891
July 21,1875
April 4,1884
Sept. 30,1890
Dec. 24,1914
...................................

*1878
*1873
*1878
1883
1893
|1892
§1892
1898
....................i895
*1875
*1875
11894
*1878
ffl8 9 8
***D ec. 22,1906
tttl9 0 3
*1878
*1878
*1876
1895
*1876
Feb. 27,1912
................ i894
M ay 2,1895
1893
.............. *1875
.............. *i877
........... tti89 4

.......... <1877

L oan A i

Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Hamburgh.............................

1890
1875
1914
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
1915
1877

and

M ar. 20,1890
Mur. 14,1871
Oct. 26,1914
June 5,1873
June 1,1869
M ay 8,1876
1890
July 1,1890
1890
Oct. 1,1890
Oct. 1,1890
Aug. 4,1898
May 13,1878
July 6,1869

Closed.

Savings

Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffido...................................

First
report
for year.

oh




Location.

R eport

ERIE COUNTY — {Continued).
Genesee Permanent Dime Savings and Loan Association...............................
Genesee Savings and A id A ssociation......................................................
Genesee Street Savinas and Loan Association...............................................
G bobgb M dllenbebg Savings and H elping F und A ssociation............
G bobgb W ashington Savings and H elping F ond A ssociation.............
Gbobgb W ashington Savings and H bdping F ond A ssociation, No. 2.
German-American Dime Savings and Loan Associationf . .............................
German^A merican Permanent Savings and Loan Association.......................
Gorman-American Savings and Loan Association...............................
Goman Central Dime Permanent Mutual Savings and Loan Association...
German Central Permanent Dime Mutual Loan and Savings Association ||..
German Co-operative Savings and Loan Association...................................
Germania Permanent Mutual Loan Association.............................................
G bbman Savings and A id A ssociation.......................................................
G bbman National Savings and A id A ssociation. ...................................
German Permanent Dime Savings and Loan Association..............................
G bbman Savings and A id A ssociation.......................................................
Glebe Permanent Dime Savings and Loan Association..................................
Glebe Savings and Loan Association................................................................
Goodeil Permanent Loan Association.............................................................
Guilford Savings and Loan Association* * ........................................................
Hamburgh Savings and Loan Association......................................................
H asmony Savings and Aid A ssociation.....................................................
H elvetia Savings and A id A ssociation.....................................................
Hercules Permanent Savings and Loan Association......................................
H ickobt Savings and A id A ssociation.....................................................
High and Peach Savings and Loan Association..............................................
H igh S tbbbt Savings and A id Association...............................................
Home Dime Savings and Loan Association.....................................................
Homestead S aving and Lean Atsociation............................................ .....
Howard and Watson Street Permanent Dime Savings and Loan Association
Howard Dime Savings and Loan Association................................. ................
Howard Mutual Savings and Loan Association..............................................
Hydraulic Mutual Savings and Lean Association.........................................
H tdraulic Savings and A id A ssociation..................................................
Industry Permanent Dime Savings and Loan A ssociation.........................
I nternational Loan and A ccumulating F und A ssociation.................
Irish-American Savings and Loan A ssociation.. ...........................................
Iroquois Permanent Dinte Savings and Loan Association.............................
Italian American Savings and Loan Association...........................................
Jbepebson and C unton Loan and A ccumulating F und Association. .

o

L oan A ssociations — ( Continued)

of

A ssociations




L ist

1894
1890
Sept. 10,1888
Jefferson Permanent Dime Savings and Loan Association......................
1915
M ay 27,1915
Jefferson Savings and Loan A ssociation................................................
*1875
1875
Buffalo...................................
Jefferson Savings and A id Association...........................................
1893
April ie , i.883
1890
Johnson Permanent Savings and Loan Association.................................
*1880
Feb. 24,1880
1880
K rettneb Permanent Savings and L oan A ssociation...................
April 14, 1908
April 9,1903
1903
Lackawanna Co-operative Savings and Loan Association.........................
1893
1890
Buffalo................................... Sept. 6,1887
Lackawanna Permanent Savings and Loan Association..........................
1914
N ov. 2,1914
Lackawanna Savings and Loan Association...........................................
*1878
1878
L a Payette Savings and A id A ssociation.........................................
1902
M ay 27, i890
1890
Lancaster Savings and Loan Association.......... ............ .........................
1894
Sept. 8,1886
1890
Lemon and Virginia Permanent Savings and Aid Association...............
1891
1890
Lemon Dime Savings and Loan A ssociation...........................................
***Sept. 5, 1905
June 2,1891
1891
Lexington Dime Savings and Loan Association........................................
1875
*1878
L iberty Savings and Aid A ssociation...............................................
*1876
Mar. 13,1875
1875
Lincoln Savings and A id A ssociation...............................................
*1878
1878
L ivingston Savings and A id Association ......... . . . ..........................
1892
July 3,1891
Lovejoy Permanent Dime Savings and Loan Association$t$...............
1894
April 3, 1888
1890
Ludwig Permanent Savings and Loan Association..................................
1895
April 19,1887
1890
Luitpold Permanent Savings and Loan Association....................... .. •; ..
1894
Mar. 12,1890
1890
Main Street and Cold Spring Permanent Savings and Loan Association
1891
1890
Main Street Permanent Loan Association................................................
*1876
1875
Buffalo................................... Feb. 19,1872
M anhattan Savings and A id Society ....................... . ......................
1899
1890
1887
Masten and Eaton Permanent Savings and Aid Association..................
***1902
Aug. 12,1885
1890
Metropolitan Mutual Savings and Loan Association.............. .................
*1892
Jan. 11,1888
1890
Michigan and Sycamore Permanent Loan and Savings Association.......
1893
1891
1885
Monroe Savings and Loan Association.....................................................
$11896
1890
Jan. 26,1886
Mulberry Permanent Savings and Loan Association, No. 3.«.................
***1902
April 16,1889
1890
Mutual Home and Savings Association....................................................
July 14, 1911
1892
Dec. 9,1891
Mutual Investment and Building Association of Buffalo.........................
*1879
1875
April 1,1874
M utual Savings and A id A ssociation...............................................
*1879
Feb. 2,1878
1878
M utual Savings and Loan Association ............................................
M ar. 16, 1895
1892
1891
National Dime Savings and Loan Association.........................................
*1875
1875
N ew C linton and P ratt Savings and A id A ssociation.................
*1878
1877
N ew Hickory Savings and A id A ssociation, N o. 2 ........................
*1878
1878
N ew Lincoln Savings and A id A ssociation.....................................
§§1893
Sept. 7, i.890
1890
New Reservoir Permanent Dime Savings and Loan Association.............
*1875
June,
1870
1875
N iagara L oan and A ccumulating F und A ssociation.....................
M ay 9,1890
1890
Niagara Savings and Loan Association...................................................
1894
Aug. 25,1888
1890
Niagara Savings Fund and Aid Association............................................
1899
1891
Jan. 19,1891
Niagara Square Dime Savings and Loan Association.............................
June 19, 1905
1891
April 6,1891
Buffalo...................................
Ninth Ward Dime Savings and Loan Association...................................
1892
Oct. 26,1886
1890
North Street Permanent Savings and Loan Association...........................
1891
1890
Buffalo...................................
Old Homestead Savings and Loan Association..........................................
* The last report received was for that year.
** Report for the year 1894 not officially filed.
*** Receiver appointed.
f Formerly G er^n-A m erican
Savings and Loan Association, q. v.
f 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 Savingsi and Loan Association of Buffalo, N. Y .
f t t Formerly Lovejoy Savings and Loan Association.
§ Name changed to German Central Permanent Dime Mutual Loan and Savings Association.
§§ Con­
solidated with Plym outh R ock Savings and Aid Association.
f Absorbed by the Safety Investment and Loan Company, Syracuse.
f f Name changed to
Acme Savings and Loan Association on the 23d of December, 1898.
| Formerly German Central Dime Permanent Mutual Savings and Loan Association.
i
Ill |Transferred to Fourth W ard Savings and Aid Association.

oa

L ist

o»

Savings

and

Organised.

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

Aug. 13,1889
April 29,1890
April 5,1890
M ar.,
1889
M ar. 8,1877

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

.

.

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

M ar. 6,1890
April 9,1895
N ov. 19,1888
Mar. 12,1888
M ar. 13,1871
M ar. 14,1889
Sept. 27,1912

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

TKnftoln
Buffalo..................................
Buffalo...................................

M ay 3, i.894
Aug.,
1890
Feb. 17,1914
Jan. 26; 1889
Aug. 26,1873
Jan. 22,1891
M ay 8,1893
June 20,1894
Jan. 26,1886
April 15,1899
June 19,1888

1^ 6
1890
1890

..................*1.892
*1875
*1878
1897
*1875
1892
1894
*1878
Feb. 25,1914
1895
1893
1891
*1875
*1878
M ay 28,1895
..................*1.878
1895
1894
§1894
*1877
1894
Feb. 17, 19*12
1892
**1892

L oan A ssociations

Feb. 24, i890
Oct. 28,1890

1893
*1875
*1875
*1877
*1879
1893
*1879
*1877
1894
tl894

and

Buffalo...................................
tinffaln
.......................

Feb. 12,1878
April 16,1888

1892
1894
*1878

Savings

Feb. 28,1891
Buffalo................................... M ar. 21,1879
M ay 18,1872
Mar. 4,1890
M ar. 27,1884
M ar. 29,1909
Buffalo..................................
Jan. 29.1890

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
1914
1890
1875
1891
1894

Closed.

on

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

fir s t
report
for year.

R eport




fc©

Location.

NAM ES OF ASSOCIATIONS.

ERIE COUNTY — (Continued).
Oriental Permanent Dime Accumulating Savings ami Loan Association.
Peckham Dime Savings and Loan Association..........
F rckbam Savings and Loan A ssociation . . . . . . .
People's Dime Savings and Loan Association, No. 2 —
P e t e 's PermanentDime Savings and Loan Association.
P bopdb’ s Savings and A id A ssociation. ..................
People' s Savings and A id A ssociation, N o. 2 .......
P bbbt Loan and A ccomodating F ond A ssociation.
F xbbt Savings and A id A ssociation....................
Phoenix Dime Savings and Loan Association...........
P hoenix Permanent L oan A ssociation...............
F ionbeb L oan and A ccomodating F ond A ssociation...............
Plymouth Permanent Savings, Loan and Aid Association................
Plymouth Rock Savings and Aid Association.... . ..............................
Polish Co-operative Savings and Loan Association.........................
Pratt and Clinton Permanent Dime Savings and Loan Association. .
P batt and C dinton Savings and A id Association. ...................
P batt and C dinton Savings and A id A ssociation, N o. 2 .........
Prince Albert Permanent Savings and Loan Association...................
P rospect H idd Loan and A ccomodating F ond A ssociation. ..
Provident Savings and Loan Association. . . ................................. .
Queen City Permanent Dime Samngs and Loan Association.............
Q ojsbn C ity Savings and Aid A ssociation . . . . ----- -------.••.••••
Richmond Avenue Permanent Dime Savings and Loan Association. .
Riverside Co-operative Savings and Loan Association....................
Riverside Savings Fund and Aid Association.....................................
Rock Savings and Loan Association.....................................................
Rose Permanent Savings and Loan Association. ................................
Saint F rancis A iding and A ccomudating Society....................
Savings and Loan A ssociation, N o . 1, of B offado...................
Second Ward Loan A sw aatim . . . . . . . . . . . . . ...................................
Security Savings and Loan Association of Buffalo, N. Y ................
Seneca Loan and A ccomodating F ond A ssociation.................
Seneca Mutual Savings and Loan Association......... .
Seneca Permanent Dime Savings and Loan Association
Seneca Savings and Loan Association................. .
Seventh Ward Permanent Savings and Aid Association.
Seventh W ard Savings and A id A ssociation........
Siberia Dime Savings and Loan Association..................
South Park Building Lot Association...........................
SpringviUe Co-operative Savings and Loan Association.
Standard Savings and Loan Association o f Buffalo, N . F .f..........
Superior Permanent Savings and Loan Association. . . . . . . . . . . . .
Sycamore and Johnson Permanent Savings and Loan Association.

co

L oan A ssociations — ( CotOinned).

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

M ay 17,1875
Feb. 10,1899

1899

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

FRAN K LIN COUNTY.
Saranac Lake Co-operative Savings and Loan Association.

Sept. 28,1885
Feb. 13,1888
June 22,1872
Sept. 26,1874
M ay 7,1883
M ar. 23,1887
M ar. 10,1887
Aug. 8,1876
1888
June 24,1869
April 13,1889
Mar. 26,1889
July 5,1894
Sept. 16,1870

April 29, 1895
•1875
1892
1896
*1876
*1878
*1889
1894
1894
*1876
Aug. 20, 1895
*1875
1893
1895
II
*1876
*1875
*1878
Sept. 2 6 ,1906
1893
1893
1894
1893
*1875
*1878
*1879

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

GloversviUe...........................
GloversviUe...........................
GloversviUe...........................

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

1889
1891
1891

Oct. 13, 1908
ISept., 1891
1902

GENESEE COUNTY.
Genesee County Permanent Loan and Building Association.
Genesee County Loan A ssociation !!...................................

B atavia..................................
Batavia..................................

April 15,1879
April 15,1879

1879
1879

A ssociations

W illiamsville.........................
Buffalo...................................
Buffalo...................................

Mar. 21,1872
M ay 4,1904
D ec.,
1889
M ar. 27,1887
Oct. 2,1882
July 9,1889
Oct. 13,1879
Aug. 12; 1913
Aug. 6,1888
Aug. 16,1869

Buffalo..................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Tonawanda...........................
Tonawanda...........................
Buffalo...................................
Buffalo...................................
B u ffalo.................................
Buffalo..................................
Buffalo...................................
Buffalo..................................
Buffalo..................................
Buffalo. .*..............................
Buffalo...................................
Buffalo...................................
W est Seneca.........................
Buffalo...................................
Buffalo...................................

of

WOBKINGMAN SAVINGS AND A lD ASSOCIATION..........................
W orkingmen ' s Savings and A id A ssociation ..................
W orkingmen ’ s S avings and L oan F ond A ssociation . .

June 19,1888
Oct. 18,1886

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

L ist

Sycamore and Johnson Savings and Loan Asaociationtt....................
Sycamore Savings and Loan Association................................................
S ycamore S treet Savings and A id A ssociation............................
Terrace Savings and Loan Association...................................................
Third Ward Permanent Savings and Loan Association.........................
TfflBTtsmra W asd L oan and A ccumuiating F ond Association ..
T hobingia Savings and Aid A ssociation.........................................
T onawanda A id and Savings A ssociation......................................
K_ Tonawanda Enterprise Aid and Savings Association............................
*'•' Twelfth Ward Savings and Aid Association..........................................
Union Loan and A ccumulating F ond A ssociation.......................
Union Savings and Aid Association.......................................................
Union Savings and M utual B enefit A ssociation.........................
Walden Avenue Dime Savings and Loan Association..............................
Walden Avenue Permanent Savings and Loan Association...................
Waverly Co-operative Savings and Loan Association..............................
W bstbbn Loan and A ccumulating F ond A ssociation.................
W estern Savings and A id A ssociation...........................................
W estphalia, N o . 2, Loan and A ccomodating F ond Association.
West Seneca Cooperative Savings and Loan Association.......................
West Side Savings and Loan Association................................................
West Utica Street Loan and Savings Association...................................
W illiam and Sherman Mutual Savings and Loan A ssociation.. . . . . .
William Street Dime Savings and Loan Association.
William Street PermanentSavings and Loan Association.
Williamsville S aving and Loan Association.
Winslow Permanent Savings and Loan Association.............

ttflO O l

GEEENE COUNTY.
b
Catskill.................................. Feb.,
1889
1889
Building and Loan Association o f Catskill b .................................................................
Catskill..................................
Catskill Savings and Loan A ssociations.....................................................................
t Business taken by the Free* The last report received was lor that year.
** Name changed to Sycamore and Johnson Savings and Loan Association,
hold Savings and Loan Association in October.
f t Formerly Sycamore and Johnson Permanent Savings and Loan Association, g. v.
f f t Name changed to
Genesee County Loan Association.
t All members not withdrawn were transferred to the Commercial Union Co-operative Bank, Albany.
! ! Formerly
Genesee County Permanent Loan and Building Association, 9 . t.
§ Consolidated with Masten and Easton Permanent Savings and Aid Association.
f For­
merly Mulberry Permanent Savings and Loan Association, No. 3, 9 . v.
| Never completed incorporation.
|
a Formerly Building and Loan Association of Catskill.
b Name changed to Catskill Savings and Loan Association, April I, 1911.




09
09

L ist o r Savings

and

NAMES OF ASSOCIATIONS.

Organised.

First
report
for year.

Closed.

Little Falls.

13,1891
12,1911
1,1898
3,1888
11,1913

1892
1911
1898
1890
1913

C arthage...
C layton----W atertown.
W atertown.

M arch, 1889
April 21,1900
Dee. 19,1887

1890
1890
1900
1888

1902
1901

Sept. 25,1893
April 25,1894
M ay 14,1888
April 25,1894

1893
1894
1888
1881

IM ay 31, I89I

Savings

Jan.
1888
June 16,1893
N ov. 16,1885
M ar. 2,1887

1888

1894

and

1$$1900

Oct.
Deo.
July
O ct.
July

Jan. 16,1883
July 27,1888
N ov. 18,1889
M ay 3,1888
June 30,1891
April 26,1885

1883
1889
1890
1888
1891
1885

Sept. 20,1892

"i.892*

M ay 10, i899
June 4,1888
June 26,1894
D ec. 19,1889
Dee. 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
M ay 27,1889

' i89 9'
1890
1894
1890
1890
1890
1890
1895

D olgeville. .
F rankfort..
H erkim er...
Ilion.............

is I s

1887

i890'
1888
1890
1904
1889

July 13,1911

” "d

1896
1893

1902
'•♦i897

Oct. 4,1906
1897

Sept. 2,1911

L oan A ssociations

Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Bath Beach...........
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn*..............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
Brooklyn...............
B rooklyn..............

on




Location.

R eport

„ ,
„
H E R K IM E R COUNTY.
DolgmUe Savings, Building and Loan Association...........................................
Frankfort Savings and Loan Association..........................................................
Herkimer Co-operative Savings and Loan Association...................................
Iljon Permanent Savings, Building and Loan Association.............................
little FaUs Building, Savings ana 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......................................
KIN GS COUNTY.
Afro-American Investment and Building U om poautfttt.................................
Atlantic Building and Loan Association o f Brooklyn^......................................
Atlantic Co-operative Savings and Loan Association.........................................
Atlantic Co-operative Savings and Loan Association***!..................................
Atlantic Savings and Loan Association k .........................................................
Bay Ridge Savings and Loan Association a .....................................................
Bedford Co-operative Building-Loan Association............................................
Bennett Homestead Association...........................................................................
Brooklyn and New York Arcanum Building, Loan and Savings Association
Brooklyn City Co-operative Building and Loan Association d ...........................
Brooklyn C ity Savings and L ora Association e ...............................................
Brooklyn Mutual Building and Loan Association...........................................
Bushwiok Co-operative Building and Loan Association.................................
Citizens' Co-operative Building and Loan Association o f Bath Beach, N. Y . ..
Crescent Building and loa n Association.......................... - ...............................
Eagle Savings and Loan C om panyf.................................................................
East Brooklyn Co-operative Building Association f ...........................................
East Brooklyn Savings and L ora Association e ..................................... ......
East New ijr k C oZ Z ative Savings and Buildin^Loan Association h..........
Ih »t New York Savings and Loan Association g ............................................
Empire State Co-operative Savings and Loon A sso cia tio n ^ ...........................
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.............................
Fortune Building, Co-operative 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 Associationf f t t t ...............
Hamilton Co-operative Building and Loan Association n ...................................

L oan A ssociations — ( Continued).

A ssociations




of

Homestead Co-operative Building and Lam Association...................
B rooklyn..
Dec. 12,1888
M ar. 6,1909
1889
Induairial Co-operative Building and Loan Aaaociation...................
B rooklyn..
Sept. 1,1887
1888
1893
John H. Shulte Co-operative Building and Loan Aaaociation............
B rooklyn..
Jan. 21,1888
1890
1901
Kings County Co-operative Building and Loan Association..............
B rooklyn..
Jan. 10,1888
1888
Feb. 2,1906
Rings County Savings and Loan Association..................................
B rooklyn..
Sept. 11,1913
1913
Long Island Building and Loan Association......................................
B rooklyn..
M ar. 28,1888
1890
' ' N o v .'e .'io ii
Madison Co-operative Building and Loan Association...................
B rooklyn..
July,
1888
1889
Mechanics’ Co-operative Bank.............................................................
B rooklyn..
1890
..................<1890
Mercantile Association of Brooklyn W ...............................................
B rooklyn..
Jan.,
1882
1896
1899
M odel Building and Loan Association of Brooklyn, N . Y ..............
B rooklyn..
O ct.,
1889
1890
Montauk Building and Loan Association...........................................
B rooklyn..
June,
1889
1890
S ep t.7,'i894
Montauk Co-operative Savings and Loan Association........................
B rooklyn..
Aug. 26,1901
1901
1902
Mutual Benefit Loan and Building Company....................................
B rooklyn..
M ay 13,1893
1893
tttl9 0 1
Nassau Co-operative Building and Loan Association......................
B rooklyn..
April 25,1889
1890
Ninth Street Savings and Loan Association........................................
B rooklyn..
1890
Oct. 16,1890
....................i898
People’s Building and Loan Association............................................
B rooklyn..
1889
1891
People’s Co-operative Savings and Loan Association of Brooklyn.
B rooklyn..
July 30,1895
1896
People’s Real Estate Tontinet t t t B rooklyn..
July 2,1884
1885
iiis e p t .'i'is iio
Polish-Ameriean Co-operative Savings and Loan Association
B rooklyn..
Oct. 17,1900
1900
Prospect Home Building and Loan Association
B rooklyn..
1890
M ay 19,1890
South Brooklyn Co-operative Building and Loan Association j .
B rooklyn..
M ay 11,1886
1888
South Brooklyn Savings and Loan Association \
B rooklyn..
Suburban Co-operative Savings and Loan Association.......................
B rooklyn..
July 29,1897
*i897*
June 24,1909
Town of New Utrecht Co-operative Building and Loan Association b .
B rooklyn..
M ar. 28,1887
1890
6
Twenty-ninth W ard Co-operative Savings and Loan Association.
B rooklyn..
1895
M ar. 27,1895
Union_Co-operative Budding and ham AssociationftB rooklyn..
April 14,1890
1890
West End Co-operative Savings and Loan Association o f Brooklyn.
B rooklyn..
M ay 18,1886
1896
Oct. 24,1904
Williamsburgh Co-operative Savings and Loan A ssoria tion ttitf..,
B rooklyn..
April 8,1905
1905
Aug. 19,1909
LEW IS COUNTY.
Lowville Savings and Loan Association.............................................
L ow ville...
Sept. 4,1 8%
1890
1893
LIVINGSTON COUNTY.
Dansville Savings and Loan Association..........................................
D ansville..
Jan. 16,1888
1888
111897
MADISON COUNTY.
Canastota Savings and Loan Association.......................................
Canastota.
Feb. 9,1889
1889
Oneida Saving, Building and Loan Association..............................
Oneida___
M ay 16,1887
1887
M ONROE COUNTY.
Alliance Loan Association.................................................................
Rochester..................
O ct. 9,1890
1890
1903
A uubmania Savings, Aid and L oan A ssociation.......................
Rochester..................
1875
*1876
American Homestead Saving and Loan Associations}................... ,
Rochester..................
1896
M ay,
1888
1902
* 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. t>
,
t Successor to Atlantic Co-operative Savings and Loan Association.
t t Reincorporated July 9, 1895.
t t t Rem oved from New York c
county in 1899.
t t t t Removed from New York county in 1908.
Banks.
$ Succeeded by Atlantic Suiidingand Loan Association, ?. v.
U Receiver appointed January 20, 1 8 9 ^ 111 Receiver appointed^
$ Did not
do any business.
§5 Formerly Goodman Street Dime Savings and Loan Association, q. v.
f Removed from Buffalo in 1897.
f KName changed to Provi­
f am
K N e changedto Provident Savmgs-Loan Investment Company..
| Merged *®ww rranprn oociew ior riome-Dunaing ana Havings, oi J8ew York City.
|
a Formerly Town o f New
-» m the Franklin Society for Home-building and Savings, of New x ora
a Formerly Town of New
..
„ ....
, t ----Utrecht Co-operative Building and Loan Association.
b Name changed to Bay Ridge Savings and LoanA ssociation, Feb. 15, 1911.
c Formerly Brooklyn
C ity Co-operatiye 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
Skmngs and Budding-Loan Association.
h Name changed to East New York Savings and Loan Association Feb. 21, 1911.
* Formerly South Brooklyn
Co-operative Budding 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.
n Name changed to Hamilton Savings and Loan Association January 1,1915.

09

at

L ist o r Savings

aho

c«

L oan A ssociations — ( Continued).

NAMES OF ASSOCIATIONS.

Location.

C nntbal B uilding , A m

C itizens ’ B uilding L ot A ssociation ..............................................................................

B righton..
Brockport.
Rochester.
Rochester.
Rochester.
Hocheater.
Rochester.

C m C umulating F und A sso ciatio n ......... ....................................................................
Clifford and Vim Street Building Let Association............................ ...........................
Columbia Banking, Savings ana Loan Association.........................................................

Brockport.
Rochester.
Rochester.
1100116816?.

Beackwood Homestead Led Association...........................................................................
Brighton Permanent Savings and Loan Association.....................................................
Brockport Loan and Buildmg Association.....................................................................
Brown Street and Jefferson Avenue Dime Permanent Savings and Loan Association.
and

L oan A sso ciatio n ..........................................................

Central Park Dime Savings and Loan Association.......................................................
Central Permanent Savings and Aid Association.........................................................
Ctiiitni* Permanent Savings and Loan A$sociatton............................. .....................
Citisens’ Savings and Loan Association o f Brockport............... ....................................

A

C olumbia Saving ^ A re

an d

and

L oan A ssociation ........................................................

Conkey Avenue Savings, Aid and Loan Association.....................................................
Consolidated Saving ™

Loan Association.......................................................................

Cranston Shed Building Lot Association......................................................................
Despatch Co-operative Savings and Loan A ssociation..................................................
D im e w»nM»»g
Loan Association.................................................................................

Bast Mam Sheet Homestead Association......................................................................
E ast R oca a sra B B uilding L ot A ssociation ...............................................................

Bast Rochester Permanent Loan Association..............................................................
Btuti 8id$ &owbg$ mm! itftfiti < infffftfltfffw
4

ELBVBNTH WABD SAVINGS, AlD AND LOAN ASSOCIATION.............................................
M
ighO
h
Pirmaiimt Tiftan Assofiatiifn
Ward Standard Loan Association.
acbt S avings an d Are A sso ciatio n ........................
a W and Savings , A id and L oan A ssociation .

____

Permment brin g s and Loan AseociaHont........

St&tiI

JTiurtf jytiffcfiriflXiof 41

fltwf Tntfotmttnt 4
and

•

jffflitt AstecicUion.....

ffattiia& bi A n ttim etm/i "fjtMAfk AjBBAoiffBLi&fo
E quityCo-operativeSavings and Loan Association.........




Rochester........
R ochester.. . . .
Rochester........
Rochester........
Rochester........
Rochester........
East Rochester.
Rochester........
Rochester........
Rochester........
Rochester........
Rochester........
Rochester........

Jan. 18,1888
Sept. 3,1887
Oct. 20,1871
July 12,1887
July 30,1872
Aug. 9,1886
M ar. IS, 1890
Sept. 22,1891
Feb. 28,1884
Feb. 24,1863
Jan. 9,1891
May 12,1871
June 3.1885
May 17.1889
Sept. , 1889
June 17,1908
Oct. 1.1886
June 25.1890
June,
1886
M ay 18,1891
April,
1885
Sept. 26,1889
Jan.,
1872

1875
1891

mi

1890
1890
1890
1875
1890
1890
1875
1890
1890
1875
1891
1890
1893
IK'S
1861
1875
1860
1890
1891
1908
1890
1890
1875
1890
1891
1875
1889
1890
1875
1875

Jan. 25,1888
Jan. 25,4888

mi
ms

M ay 27,1861
O ct. 4,1889
Jan. 12,1895
Mar. 2,1891
Oct. 13,1884

mi

1890

I860
1895
1891
1895

*1875
1898
1898
1891
April 25,1910
1901
*1875

mi

6?

*
o
s

o

July 1,1892
*1875
Jan. 26,1914
1902
*1875
1894

........... m s

*1876
1903
*1876
1898

................1.894
1897
*1875
*1900

m3

*1877
Dee. 4, 1905
April 12,1907
*1875
*1875
tl893
1895
11891
1894
Mar. 6,1909
1898
Nov. 21, m 2

L oan A ssociations

C oncobdia Savings , A re

L oan A ssociation ............................................................

M ar. 9,1891
D ec.,
1889

Closed.

and

Rochester.

First
report
for year.

Savings

{Continued).
M ONBOE COUNTY
A f u m e Savings and A re A sso ciatio n ........
Bauer Homestead Astociation.........................................................................................

Organised.

§1899
1890
1890
1895
1891
1894
1890
Rochester..............................
Jan. 22,1907
1890
Rochester..............................
•1876
1875
Rochester..............................
*1877
1875
Rochester..............................
*1875
1875
Rochester.............................. M ay 29, i872
D ec. 30,1904
1888
1891
Rochester.............................. Jan.,
♦1875
1875
Rochester..............................
1900
1890
Rochester.............................. M ay 4, i887
HJan. 4,1892
1888
Rochester.............................. April 3,1888
*1875
1875
Rochester.............................. M ay 23,1873
*1895
1888
1890
Rochester..............................
1901
1890
Rochester.............................. Aug. 20,1887
1902
1891
Rochester.............................. M ar. 27,1891
Sept. 17,1887
1890
§1901
1891
Rochester.............................. M ar. 5,1891
Aug., 1893
1891
1891
Rochester.............................. Aug.,
*1891
Rochester.............................. Aug. 20,1891
1891
1891
1890
1892
1886
Rochester..............................
1890
1902
1890
Rochester.............................. M ay 24,1885
*1875
1875
Rochester.............................. M ar. 14,1871
*1875
1875
Rochester..............................
1896
1890
Rochester.............................. M ar. 1,1887
fl8 9 6
1890
1888
Rochester.............................. M ay,
1902
1890
Rochester.............................. N ov. 14,1889
1894
1889
1890
Rochester..............................
1900
1890
Rochester.............................. Sept. 4,1888
July 10, 1893
1891
1891
Rochester..............................
1896
1890
Rochester.............................. M ay 20,1889
N ov. 4,1904
1890
Rochester.............................. O ct. 25,1882
1891
1891
1891
Rochester..............................
§1899
Rochester.............................. Jan. 1,1886
1890
1910
Rochester.............................. M ar. 30,1910
1890
Rochester.............................. O ct. 13,1881
1896
m i
Rochester.............................. Oct. 29,1891
N ov. 2,1885
1890
*1875
1875
Rochester.............................. M ay 5,1871
*1875
1875
Rochester..............................
1892
1891
Rochester.............................. Oct. 9,1890
1900
M ay 16,1890
1890
Rochester..............................
*1875
1875
Gates.....................................
*1876
June 29, 1871
1875
Rochester..............................
1893
1891
Rochester.............................. July 21,1890
1893
1891
1891
Rochester..............................
1901
1890
Lake’Avenue Permanent Savings and Loan Association....................................................... Rochester.............................. Feb. 5, 1889
* 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.
§ W ent into hands of receiver,
f Name changed to American Homestead Savings and Loan Association.
j| Name changed to
M utual Benefit Savings ana Loan Association.
June 9,1888
M ay 7,1888
Feb. 24,1891
M ay 21,1889
Sept. 23,1886
Sept. 7,1871

L ist
of

A ssociations




Rochester..............................
F aiiport................................

09

09

oo
L is t o r S avings an d L oan A s so c ia t io n s — {Continued).

People's Permanent Savings and Loan Association.............................................................




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

1

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

N ov. 12,1887
May 11,1871
Feb. 18,1884
April 17,1888
April 9,1888
Feb. 26,1872
Jan. 2,1889
Aug. 18,1890
July 23,1889
Feb. 24,1886
M ar. 4,1890
Dec. 4,1889
Mar. 11,18%
June 23,1871
Jan. 2,1883
July 1,1890
1883
N ov. 9,1889
M ay 1,1872
M ar. 16,1888
Oct. 8,1885

1897
1903
1899
M ar. 9,1906
M ar. 15,19%
1902
||1899
1897
*1892
1897
*1875
*1877
1892
Jan. 11,1905
1902
*1875
Mar. 1 3 ,1%5
*1875
May 3,1910
1903
Jan. 5,1906
*1877
$1894
1903
Sept. 29,1904
June 22,1911
1896
1897
1902
*1875
Dec. 13,1907
N ov. 24,19%
Jan. 2,1905
*1875
M ar. 14,1894
*1876
*1875
April 10,1908
Jan. 23,1909

L oan A ssociations

Newcomb Homestead Association...........................................................................................

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

June 10,1891
July 19,1887
N ov. 26,1890

1890
1891
1890
18%
18%
1890
1890
1890
18%
1891
1875
1877
1891
18%
18%
1875
1890
1875
18%
18%
1892
1875
1889
18%
18%
1890
18%
1891
18%
1875
18%
18%
18%
1875
1891
1875
1875
18%
1890

and

Mount Hope Avenue Dime Savings and Loan A ssociation^..............................................
Mutual Benefit Savings and Loan Associationf ....................................................................

M ay 19,1890
M ar. 13,1890
Jan. 19,1888
Feb. 19,1889
July 5,1889
July 19,1887
June 18,1883
N ov. 5,1890
M ay 15,1889
N ov. 18,1891
M ay 20,1872

Closed.

Savings

Monroe County Permanent Savings and Loan Association..................................................

Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
'RnntiMter..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................

First
report
for year.

on

M echanics’ M utuai, B enefit Socibtt ............................................................................
Monitor Savings and Loan Association............ ....................................................................

Organised.

K epobt

MONROE COUNTY — (Continued).
Leighton Lea Association........................................................................................................

Location.

§

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

R ochester..
Phmnix Savings and Loan Association.
...........
R ochester..
Pinnacle Avenue Savings and Loan A ssociation.. . .
Rochester..
Plymouth Avenue Savings and Loan Association. . . .
R ochester,.
Polonia Savings and Loan Association......................
R ochester..
Profit Loan A ssociation.............................................
R ochester..
R epublic A id and Loan A ssociation. .................
R ochester..
Rochester and Kenmore Land Company....................
R ochester..
R ochester C entral A id and L oan A ssociation.
Rochester. .
Rochester Dime Savings and Loan Association..........
R ochester..
Rochester Equity Deposit and Loan Association.. . . . ______
R ochester F lower Crrr Savings and A id A ssociation......... ••••............................ Rochester. .
R ochester..
R ochester G erman Sharpshooters’ C o-operative B uilding Lot Association—
R ochester..
R ochester G erman Shooting P ark C o-operative B uilding Lot Association.
R ochester..
Rochester Parmament Savings Association.....................................................................
R ochester..
R ochester Savings, Aid and Loan A ssociation...................................................
R ochester..
R ochester Savings and L oan Association ............................................................
R ochester..
Rochester Saving and Loan Associationf .................
..............................................
R ochester..
R ochester Shooters’ C o-operative B uilding Lot Association........................
Irondequoit.
R ochester Shooting P ark C o-operative Lot Association................................
R ochester..
R ochester Shooting P ark Societt .........................................................................
R ochester..
Saint Joseph Street Lot Association......... .
•.•••■.....................................
R ochester..
Saint Joseph Street Permanent Savings and Loan Association....................................
Rochester. .
Security Loan Association....... ....................................................................................
R ochester..
Sehm Tract Building Lot Association............................................................................
R ochester..
Sixth Ward Permanent Savings and Loan Association................................................
R ochester..
South End Savings and Loan Association.....................................................................
Rochester..
South Park Homestead Tract Association.....................................................................
R ochester..
Standard Loan Association.............................................................................................
R ochester..
State Building and Loan Association............................................................................
R ochester..
Strasbourg B uilding A ssociation...........................................................................
R ochester..
Strassbubger Savings and Aid A ssociation..........................................................
R ochester..
Strd>Lot Association............................... . .......... ........ .•••••.....................................
R ochester..
Tenth Ward Dime Permanent Savings and Loan Association.....................................
Rochester. .
Teutonia Permanent Savings and Loan Association.....................................................
R ochester..
T eutonia Savings, A id and Loan A ssociation._
....................................................
Rochester..
Third Ward Permanent Savings and Loan Association...............................................
R ochester..
Thirteenth Ward Permanent Loan Association.............................................................
R ochester..
T welfth W ard Savings and L oan A ssociation...... ,. ■•.......................................
R ochester..
Twentieth W ard Co-operative Savings and Loan Association..................................
R ochester..
Union Dime Permanent Loan Assocwrfwmtft..............................................................
R ochester..
Union Permanent Savings and Loan Association.......................................................
R ochester..
Union Savings and Aid Association.
; .........................................................
R ochester..
United Permanent Savings and Loan Association ..................................................
R ochester..
Wadsworth Dime Banking, Aid and Loan Association..............................................
Rochester. .
Wakelee Farm Dime Banking and Loan Association....................................................
* The last report received was for that year.
** Purchased by Rochester Savings and Loan Assocktion.
Rochester Savings and Loan Association by chap. 441, L. 1894.
and Loan Assocfition, «. ».
II Receiver appointed.




May
Feb.
Jan.
Jan.
May

19,1883
24,1890
1,1891
27,1890
24,1886

1892
M ay 9,1871
M ay 20,1886
April 30,1884

1882
April 4,1871
Jan. 23,1877
Jan. 2,1889
N ov. 1,1872
N ov. 23,1872
April 1,1874
Aug. 25,1886
M ay 17,1881
April 1,1893
April,
1886
Sept. 16,1886
Dec. 2,1889
Jan. 1,1887
Mar. 17,1891
A m . 14,1874
Aug. 11,1891
June 16,1887
July 13,1886

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

Feb. 7,1906
1898
1892
*1876
1&93
*1875
1896
N ov. 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
II1896
*1875
June 5, 1906
1891
*1876

Jan. 7,1872
Feb. 11,1896
April 1, 1909
1890
Aug. 2,1887
iaao
M ay 18,1886
*1878
1875
Sept. 5,1871
1800
Aug. 3,1886
IRAQ
Oct. 12,1887
1902
1890
Oct. 13,1886
f Formerly Fourth Ward Permanent Savings

L ist

of

Savings

and

L oan A ssociations — (Continued).

Hemmrisead..........
Port W ashington.
Rockville Centre.

N ov. 19,1889
Oct. 28,1891
N ov. 29,1889

1890
1891
1889

NEW YORK COUNTY.
American Co-operative Savings and Loan A ssociation !....................................
Anglo-American Savings and Loan Association....................................................
Assured Building-Loan Association.......................................................................
A stobia C o-operative B uilding Association................................... ......... .
Bank Clerks’ Co-operative Building and Limn Association of New York C ity.
Bankers’ Loan ami Investment Company............................................................
Beilporl Mutual Loan Association o f New York............... _
...................................
Birkbeek Investment Savings and Loan Company o f A m sricatttt.......................
Breslau Buildingand Loan Association.................................................................
Broadway D ry Goods Co-operative Building and Limn Association.................
California Perfume Co. Employees* Savings and Loan Association. : ............
CENTRAL Co-OP*BATIVB BUILDING AND LOAN ASSOCIATION.............................
Central Park Co-operative Savings and Loan Association....................................
Century Savings and Loan Company......................................................................
Chatterton HiU Building Lot Association...............................................................
Chosen Friends’ Home Loan and Savings League..................................................
C itizens’ M utual Loan and A ccumulating F und A ssociation.................
Citisens’ Savings and Loan Association of New York C ity...............................
City Loan and investment Company...........................
Colonial Co-operative Savings and Loan Association.

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

Mar. 2,1888
N ov. 8,1890
N ov. 7,18® )
M ay 24,1870
Mar. 26,1890
M ay,
1890
July,
1891
Feb. 18,1892
M ay 23,1891
Sept. 12,1888
M ar. 4, 1915
June 20,1888
Aug. 13,1895
D ec.,
1891
Jan. 27,1899
Oct. 1,1890

1888
1890
1890
1875
1890
1890
1891
1892
1891
1888
1915
1888
1895
1891
1899
1890
1875
1890
1892
1895




July 19,1889
M ar.,
1892
Feb. 8,1885

................i899
*1875
*1900
Jan. 28, 1907
1899
1897

$11900

lillljieoo
*1875

1893
Deo. 27, 1912
1892
*1888
1900
1892
1901
1901
1875
ttl89 4
1898

L oan A ssociations

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

1893
*1875
D ec. 28, 1905
1898
*1875
1898
Sept. 16,1907

and

1890
1876
1890
1891
1875
1892
1890
1894
1892
1875
1892
1890
1890
1890

Rochester.
Rochester.
Rochester.
Rochester.
Rochester.

Savings

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

Feb. 28,1872
M ay 11,1886
M ay 2,1890
April,
1873
N ov. 10,1890
M ar. 18,1889
Jan. 8,1894
Oct. 11,1887
M ay 20,1875
Mar. 9,1883
A p i] 30,1890
M ay,
1890
A pnl 3,1886

MONROE COUNTY — (Concluded)
Warner Street Building Let Association......................................
W ashington Aid and Loan A ssociation........................... ..
Washington Permanent Loan and Aid Association....................
Webster Atenue Homestead Lot Association................................
W bbt A vsnub B uilding L ot Association.............................
West Atenue Loan Association.....................................................
Western New York Permanent Savings and Loan Association..
Western Savings and Loan Association.....................................
Westphalia Cooperative Savings and Loan Association.............
WESTPHALIA SAVINOS AND AlD ASSOCIATION...........................
West Side Permanent Loan Association......................................
WiUiam Otis Building Lot Association. .
Windsor Permanent Savings and Loan Association........
Workingmen's Permanent Savings and Loan Association

Closed.

on

First
report
for year.

Location.

K eport

Organised.

NAMES OF ASSOCIATIONS.

Columbia Mutual Building and Loan Association of New York.............
1892
June 7,1892
||1902
Commonwealth Savings and Investment Company....................................
New Y ork............................. Feb. 10,1891
1893
1891
Consolidated Building and Loan Association...........................................
1890
1891
Co-operative Building Bank....................................................................
New Y ork............................. June 11,1890
1890
Co-operative Home Building Association o f New York...........................
New Y ork............................. Oct. 7,1908
11903
C o-opbbative R eal E state A ssociation............................................
Mar. 8,1882
i%2*
1884
Co-operative Savings and Loan -Association of Hew Y o rk ftt..............
New Y ork............................. June 4,1888
1888
Cosmopolitan Co-operative Building and Loan Association.....................
New Y ork.............................
1890
1891
D aily N ews B uilding and Loan A ssociation..................................
New Y ork............................. April 26,1888
1888
1889
Daily News Building, Savings and Loan Association]]...........................
April 26,18%
1889
1894
Daily News Savings and Building-Loan Association* * ...........................
New Y ork............................. April 26,18%
1896
1894
Eagle Building, Mutual Loan and Accumulating Fund Association. . . .
New Y ork............................. Feb. 9,1891
1892
1891
East Side Co-operative Building and Loan Association...........................
Feb. 15,18%
18%
«1 9 0 2
Edgehill Co-operative Savings and Loan Association...........................
New Y ork............................. April 30,1909
1909
Electric Building, Loan and Savings Assodation**a...............................
New Y ork............................. Mar. 23,1891
1891
Aug. 17, 1911
Empire Loan and Investment Company....................................................
New Y ork............................. April 20,1894
1894
111896
Equitable Building and Loan Assodation\\\\............................................
New Y ork............................. April 6,1891
1891
1893
Equitable Permanent Co-operative Building and Loan Association........
New Y ork............................. Sept. 8 ,1 8 %
1890
Equitable Savings and Investment Association.........................................
New Y ork............................. M ay,
1891
1891
Equitable Savings S o c fe ty ffff * ...............................................................
New Y ork............................. April,
1891
1900
1893
European Liberty Building, Co-operative Savings and Loan Association.
April 3,1901
1901
N ov. 22,1908
Excelsior Building and Loan A 8 8 0 cia ffe n * ffff* tttt............................
1890
June 19,18%
Jan. 30,1912
Fairview Heights Building and Lot Association.......................................
New Y ork............................. Oct. 14,1902
N ov. 20,1906
1902
Federal Co-operative Building and Loan Association...............................
New Y ork............................. July 1,18%
1889
Jan. 29,1906
First Bohemian-Slavonic Co-operative Savings and Loan Association.
New Y ork............................. June 12,1889
1899
Fibst C o-ofbbativb Land and B uilding Society .............................
New Y ork ........................... .
1879
..............<1879
First N ational B uilding and M utual Loan A ssociation............
New Y ork.........................
1875
*1875
Fibst Union C o-opebativb B uilding A ssociation, Section 2 .......
New Y ork.............................
1879
*1881
Fibst Union C o-operative L and and Building Society .
New Y ork.............................
1868
1875
*1881
Flushing Heights Co-operative Savings and Loan Associatum*a.
New Y ork.............................. Feb. 2,1905
Feb. 16,1906
Fordham Co-operative Building and Loan . ssociation........................................
A
New Y ork............................. June 29,18%
i890‘
1892
Franklin Mutual Building and Loan Association of New York.........................
New Y ork............................. Jan. 12,1894
11894
Franklin Society for Home Building and S a v in g sff........................................
New Y ork............................. April 26,1888
"i.896*
Fraternity Co-operative Building and Loan Association......................................
July 5 ,1% 8
1888
*1890
German-Ameriean Building and Loan Association of the C ity of New Y ork.
New Y ork............................. June 7 ,1 8 %
1889
Greenwich Building and Loan Association........................................................
New Y ork............................. Oct. 15,1889
1890
Guardian Savings and Loan Company
New Y ork............................. April 21,1894
1895
llN o v . 1905
Hand in Hand Mutual Building and Loan Association
New Y ork............................. Mar. 25,1892
1892
11892
Harbor and Suburban Building and Savings A ssoriationftft***.
New Y ork............................. N ov.,
18%
1894
M ar. 13,1909
Harlem Co-operative Building and Loan Association.....................
New Y ork............................. M ar. 2 1 ,1% 7
llF e b . 9,1904
1887
* The last report received was for that year.
** Formerly Daily News Building, Savings and Loan
•* 1Began proceedings in 1894 to
change name to Round Robin Savings and Loan Aswciation, but discontinued them.
f Reinoorporated July 21,1897.
f t Na i » changed to Franklin Society
for Home Building and Savings.
f f t Formerly New York and Wakefield Co-operative Building and Loan Association.
f l f f Taken possession of and closed
| Never did anybusiness.
« Receiver appointed.
SNam echanged to Daily News Building, Savings aodL oan Association.
1 Name changed to Daily News Savings and Building Loan Association.
f f Formerly Daily N ew alavings and Building-Loan
o. *.
“I f f Name
S T e! yr J 1^onr r,£ DaU& News Building and L o a A ^ t i o n . « . » . ^ | | S u e « S f e U & S X I ^ m p ^ o T N ? w
i
York, q. v.
iljlH Merged m the Franklin Society for Home Building and Savings.
ffff* R e c e iv e r appointed May 18, 1901.
f f f f Charter forfeited by
non-user.
* f f f f f Formerly Sun and Evening Sun Building, Mutual Loan and Accumulating Fund Association, q.
*
•••*
^ Dropped from luneiieu list.
*a
official oy
**o Assets sold to Serial Building, Loan and Savings Institution.

SB

L ist
of

A ssociations




I

L ist

of

Savings

and

L oan A ssociations —

NAMES OP ASSOCIATIONS.

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

Feb. 24, i888

m i
1888
1890
1894
1890
1909
1887
1893
1890
1896
1891
1890
1890
1803
1899
1890
1894
1892
1887
m 3
1913
1890
1889
1888
1888
1889
1888
1888
1895
1890
1890
1888

A

1889
1888
1890
1890
1888

M ar. 9,1907
*1891
1903
**el898
June 2,1913
§1899
June 29,1912
1892
*61903
Oct. 3, 1906
*01895
**01893
****01894
1899
M ay 20, 1911
**1*1903
111898
N ov. 23, 1905
**§*
{1901
±1803
§1899
)|
If 1894
§1902
N ov. 30, 1906
*1900
111891
{$1892
July 12, 1912
IJII
July 13, 1911
*1*1900
*****oi909
1903
1891

L oan A ssociations

April 15, m i
M ay 28,1888
1890
Jan. 30,1894
M ay 10,1888
April 20,1909
Sept. 6,1887
April 25, m 3
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
D ec. 1,1893
June 10,1913
April 3,1890
Oct. 9,1889
June 1,1888
Feb. 22,1888
D ec. 31,1888
M ar. 14,1888
M ar. 5,1888
April 3,1890
Sept.,
1889
Sept. 17,1890
April 19,1888
Sept. 6,1894
M ay 23,1906
Aug. 13,1900
M ar. 29,1888
June 4,1888
Jan.,
1890

Closed.

and

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

First
report
for year.

Savings

Organized.

on




Location.

R epost

NEW YO RK 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 C om pon»***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 AssocitUion***a.............................................................
Knickerbocker Co-operative Savings and Loan Association o f the City o f New York
Knickerbocker Savings and Loan C om pany*cffH ....................................................
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 o f New York........................................
Manhattan Savings and Loan Association...............................................................
Mercantile Building and Loan Association................................................................
Mercantile Co-operative Bank............................... i ...................................................
Methodist Book Concern Employees' Co-operative Building and Loan Association..
Metropolitan Co-operative Building and Loan Association.......................................
M illinery Building and Loan Association.................................................................
Mount Morris Co-operative Building and Loan Association.................................
Murray Hitt Co-operative Building and Loan Association**....................................
Mutual Realty and Loan Corporation^.....................................................................
Mutual Savings and Distribution Fund Association.................................................
National Homestead Company....................................................................................
National Mutual Building and Loan Association o f New York...............................
New Century Co-operative Savings and Loan Association........................................
Newmark Dwinsker Co-operative Savings and Loan A ssocioK ontttt......................
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......................................................
Nete York City Co-operative Savings and Loan Association.....................................
New York Co-operative Building and Loan Association........................................

fcO

(C
ontinued).

of

A ssociations




L ist

New Y ork.............................
1868
1875
*1876
1912
New Y ork............................. M ay 9,1912
M ar.,
1892
New Y ork....................... ..
1893
Feb. 23,1906
New Y ork............................. June 26,1890
1890
Feb. 12, 1907
New Y ork............................. Jan. 13,1890
1890
§1899
New Y ork............................. Sept. 28,1891
1891
Feb. 10,1912
New Y ork.............................
1884
1884
*1884
New Y ork............................. Oct. 2,1886
§1902
1890
New York.............................. Mar. 18,1902
1902
July 15,1909
New Y ork............................. April 11,1891
1891
1892
New Y ork............................. Sept. 12,1889
1890
•1910
New Y ork............................. Oct. 18,1893
1893
Sept. 7,1906
New Y ork............................. June 6,1900
1902
1900
New Y ork............................. June 27,1899
1899
N ov. 26, 1909
New Y ork............................. May 20,1901
11**1901
New Y ork............................. April 4,1802
1892
April 18,1904
New Y ork............................. July 10,1888
1890
1903
New Y ork............................. July 2,1884
tS ep t. 2,1910
1885
New Y ork............................. Feb. 16,1894
111896
1894
New Y ork............................. Mar. 12,1903
1903
New Y ork............................. Oct. 25,1886
Moh. 29, i9 i2
1890
New Y ork............................. July 2,1888
1888
New Y ork................•
............ May 16,1901
............ tttlS s
New Y ork............................. Feb. 20,1895
1895
New Y ork............................. Jan.,
1882
tt$M ar. 9,1906
1899
New Y ork............................. June 1,1888
1899
M ch. 8,1913
New Y ork............................. July 23,1891
1892
New Y ork............................. Mar. 5,1890
1890
New Y ork............................. Feb. 2,1891
•1892
1891
New Y ork............................. Feb. 20,1890
1893
§1900
New Y ork............................. Mar. 19,1895
1896
1895
New Y ork............................. Jan. 11,1894
1111899
1894
New Y ork............................. N ov. 10,1914
1914
New Y ork............................. Sept. 18,1888
1889
ScandinavianB
uilding and M
utual Loan A
ssociation of N York a d Brooklyn.
ew
nB
rool
New Y ork............................. Oct. 23,1887
1889
Seconb N ational B uilding and M utual L oan A ssociation.
*1882
New Y ork.............................
1875
Second Union C o- operative L and and B uilding Society___
New Y ork.............................
i867
*1876
1875
•The last report received was for that year.
** Reinoorporated Febi
oruary 17, 1897.
*** Removed from Rochest in 1897.
Rochester
f Reincorporated M ay 3,
1805.
f t Formerly Mercantile Building and Loan Association, g. v.
t t t Receiver appointed March 7,1898.
f f f f Taken possession of and closed by Super___
intendent of Banks.
$ Did not report lo t the years 1893 and 1804; name changed to M utual Realty and Loan Corporation in 1895.
|| Dissolved by action
ie
Corpon
because of fraudulent and illegal practices.
Formerly Mercantile Association of Brooklyn, g. 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
M ethodist Book Concern Employees’ Co-operative Building and Loan Association, g. t.
1 1n hands o f receiver.
1 1 Name changed to Investors’ Savings ana
Loan Company.
1[11 Receiver appointed October 23, 1899.
| Name changed to the Prudential Savings and Loan Association o f New Y ork, N . Y .
|
| | Never
(|
completed incorporation.
||| Formerly Teachers’ Equitable Building-Loan Association, g. v.
|||
*o Merged in the Produce Exchange Building and Loan Associ2S2P' ,.T **« Name changed to Keystone Savings and Loan Association.
***o Formerly Keystone National Savings, Loan and Investment Association, g. v.
****a Name changed to Lenox Building-Loan Company.
*****o Name changed to Co-operative Savings and Loan Association of New Y ork.
*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, g. v.
*d Removed to Kings county in 1908.
*1* Did not commence business. **§* Merged in the Franklin Society for Home Building and
Savings, August 19, 1901.
11** Charter abandoned.
H I* * * Removed from Kings county in 1902,
oa Receiver appointed September 12, 1903.
66 Receiver appointed April 15,1903.
N ew Y obk C o-opbbativb B uilding Lor Association............
New York Edison Savings, and Loan Association, The...............
New York Mortgage Company o f New York..................................
New York Mutual Savings and Loan Association..........................
New York National Building and Loan Association......................
New York State Mortgage Bank and Savings Association.............
New Y ork T ontine Society .......................................................
New York World Co-operative Building and Loan Association___
Nineteenth Ward Co-operative Savings and Loan A ssocia tion jffi.
Nonpareil Savings and Loan Association.
Northern Building, Savings and Loan Association.
Novy Tabor Building and Mutual \
! Loan Corporation......................................
Ocean Avenue Lot Association^ ^ ***.............................................................
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 A «soc»otion***tttt...................... .
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 o f 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 As«oc»otio»||ll||.....................................................
Retail Merchants’ Co-operative Savings and Loan Association........................
Riverside Building and Loan Association.........................................................
Rural Savings and Loan Association.
Safety Co-Operative Building, Loan and Savings Association o f New York City

09

L ist

of

Satutos

and

L oan A ssociations — (Continued).
First
report
for year,

1892
1889
1892
1891
1885
M 2
1892
1892
1888
1911
1888
1890
1890
1889
1890
1895
1890
1890
1889
1889
1862
1890
1891
1891
1893
1891
1894
1896
1888
1890
1900
1876

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

North Tonawanda...............
North Tonawanda...............
Lockport...............................
Niagara Falls........................
Suspension Bridge................
North Tonawanda...............

N ov. 10,1910
M ay 5,1890
Jan. 1,1888
Sept. 5,1887
1890
M ay 1,1887

1910
1890
1890
1888
1890
1889

(Concluded).

L oan A ssociation

Security Investment Company....................................
Security Mutual Bank...............................................
Serial Building, Loan and Savings Institution.. . .
Sherman Park Bau-Verein, N o. 1....................1. . .
Sherman Park Savings and Building Association. ..
Silver Lake Peak Building and Loan Association...
Star Co-operative Building and Loan Association.
Steamship Clerks’ Savums and Loan A ssociation..
Stuyvesant Co-operative Building and loa n 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. . . ,
j and Loan Association
.... f Building
United Sovinge-Loon Sodety**%*
United States Bond Company..................
United States Building-Loan League.......
United States Savings and Loan Bank*$*
Universal Trust C om p a n yfffi................
Washington Heights Savings and Loan Association
Westchester Co-operative Savings and Loan Association
W est E nd Co-operative Building and Loan Association
W est Side M utual Building, Loan and Saving Association

Wood-Harmon Co-operative Savings and Loan Association




the City of New York

April,

1891

1898
•1889

iiiii
1894
1894
1897

1111**1902
l893
1905
1898
Jan. 24,1907
D ec. 19,1904

f

Jan. 20,1904
*t*1893
*l*M ay 1,1893
f f Jan. S, 1906
Feb. 18,1912
Jan. 2,1905
*1900
1903
*1875

1896
*1893
Sept. 25,1864

L oan A ssociations

A pril,
1892
April,
1891
Jan. 20,1885
Dee. 31,1891
D ee.,
1891
Aug. 20,1892
F eb.,
IMS
M ar. 22,1911
April 10,1888
June 19,1888
Sept.,
1888
July 6, 1888
Frit). 20,1890
Dee. 6.1895
Dee.,
1889
April 20,1888
Jan. 4,1889
Sept. 12,1888
Jan. 1,1891
O ct. 1,1890
Jan. 1,1891
D ec. 15,1860
Dee. 15,1890
July 22,1891
Jan. 16,1994
M ay 20,1896
N ov. 14,188?
Aug. 17,1888
Sept. 24,1900
o e t. 4, m s

and

and

WoODDAWN HB1GBET8 MUTUAL BUILDING ASSOCIATION.

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

NEW YO R K COUNTY
Surety Building-Loan Mortgage Company***----S ecurity C o- operative Savings

Closed.

Sayings

Organised.

on

Location.

NAM ES OF ASSOCIATIONS.

ONEIDA COUNTY.
Comhill Building rad Loan Association........................
Homestead Aid Association of U tica.............................
Homestead Aid Association of W hitestown, N. Y
Mutual Savings, Loan and Building Association of Rome, N. Y .
Oriskany Falls Co-operative Savingsi and Loan Association
_ i
Savings ', Building and Loan Association o f Utica..................

Feb. 7,1891
Feb.,
1884
April 3,1893
Aug. 23,1888
Oct. 1,1900
April,
1891

1891
1884
1893
1890
1900
1891
1892
1891
1889
1892
1892
1890
1892
1894
1908
1898

1895

Mar. 21,1892
Mar. 27,1891
1889

Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.

Mar. 30.1892
Mar. 1,1890
Feb. 13.1892
Feb. 13.1892
July 8,1908
Sept. 23,1898
Jan. 25.1893
Feb. 28.1894
Mar.,.
1890
Dec. 27.1893
June 22.1893
Dec. 22,1887
June 23,1890
Feb. 4,1888
July 14.1893

' i894
1890
1893
1887
1890
1888
1893

................j[894

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

G
eneva.

April 19,1886
M ar.,
1891

1890
1891

N ov. 18,1908

Geneva.

111900
11898
$1894
§1892
fll9 0 1
Dee. 29,1906
11894
July 29,1912
............* *i9 oi
§1893
1899
1892
1893
1899
1901
1901

J

„
ORANGE COUNTY.
Budding rad L ora Association of Newburgh, N. Y ...................
N ewburgh..,
1886
M ay,
1886
Co-operative L ora and Savings Society......................................
Port J ervis..
Aug. 13,1891
1892
D eebpabk and W estfall B otldinq and Loan A ssociation.
Port Jerv is..
•1878
1872
1876
D elaware B otldinq ano L oan Association..........................
•1877
Port Jervis..
1875
Goshen Co-operative Savings ami L ora Association (T he).......
Goshen....... .
Aug. 5*1910
1910
Homestead Budding and L oss Association................................
1889
M iddletown.
D ec.,
1888
M iddletown B otldinq and L oan A ssociation.....................
*1876
M iddletown.
1875
Sept .23,1873
M utual B otldinq and L oan A ssociation..............................
July 1,1874
*1879
Port Jerv is..
1875
•The last report received was for that year.
*
** Charter forfeited by non-user.
*** Formerly Security Mu1
Mutual Bank, g. v.
f Receiver appointed
April,i I®®.
t t Assignee appointed.
t t f Consolidated with the Bankers’ L ora rad Investment Company.
f t t t t Taken possession of and closed by Super"
intendent, of_Banks.
drat
$ Transferred to Eastern Building ------------------------------------ ------- -------------------------------------------- Geneva to Syracuse in 1895.
$$ Removed from C
,
,
..
--------------- --------- .— rad Loan Association of Syracuse, N . Y .
$$$ Name
changed to Secupty Building-Loan Mortgage Company; did not report for 1892. § Did not do any business.
§§ Receiver appointed December 9, 1897.
Name changed to Empire Sayings and Loan Association.
1 1 Receiver appointed.
H I Transferred to People’s Co-operative Building and Loan Associa_ II Formerly Empire Co-operative Savings, Building and Loan Association, g. v.
|lfi Name changed to Republic Savings rad Lora Association.
**%* Formerly Chosen Friends Home, Lima and Savings League, q. v.
* f* Succeeded by the Equitable Building and Loan Association.
*$* Name changed
to United States Savings and Loan Bank.
*§* Formerly United States Building-Loan League, «. ».
||||**Name changed to Excelsior Building and
Loan Association.

I




A ssociations

Syracuse.
Syracuse.
lyraeuse.

of

ONONDAGA COUNTY.
Atlantic Savings and Loan Association o f Syracuse, N . Y ___
Centred City Building and Loan Association.............................
Central New York Co-operative Savings and Loan Association.
Commercial Building and Loan Company.................................
Cosmopolitan Building and Loam Association...........................
Eastern Building and Loan Association o f Syracuse, N . F .. ..
Empire Co-operative Savings’ Building and Loan Assod
Issodadon.
Empire Savings and Loan Association | f f t f .................
J
Fair C ity Co-operative Savings and Loan Association.
Home Building and Led Association................................
Interdate BuiMing 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 A ssociation#..........
Safety Investment and Loan Company...............................
Syracuse Co-operative Savings and L ora Association...
United Savings, Building and Loan Association...............

L ist

U tica................
U tica................
W hitesboro___
Rom e................
Oriskany Falls.
U tica................

os
L ist o r Savings

an ©

L oan A ssociations — ( Continued).

1875
1875
1890

M ay 30,1868
Aug.,
1891
M ay 30,1868

1875
1892
1875

Central Valley
M iddletow n..
M onroe..........
Central Valley

April,
1890
O ct. 12,1873
Feb. 27,1903
Feb.,
1889

1890
1875
1903
1890

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

M edina.
A lb ion ..

M ar. 20,1888
July 16,1889

1888
1889

OSWEGO COUNTY.
Dime Building ami Loan Association..................
E mpibb Savings and A id Association.............
Frontier Permanent Building and Loan Association.
G usman D bposit and A id A ssociation...............
Heme Savings and Aid Association..........................
Lake C ity Building and Loan Association..............
M utual D bposit and A id A ssociation..............
Ontabio Savinos and A id Association...............
Oswego M utuai, Savings and A id Association.
Oswego Savings and Loan Association......................
Reciprocity Building and Loan Association...........
Security Building and Loan Association.................

Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.
Oswego.

M ar. 5,1890
1884
Oct. 1,1888
Aug. 4,1874
Feb. 1,1888
Aug. 14,1890
July 22,1879
July 8,1873
Feb. 20,1884
April 16,1888
Oct. 16,1890
Aug. 1,1890

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

OTSEGO COUNTY.
Oneonta Building and Limn Association........................

Oneonta.

April 27,1888

1888

QUEENS COUNTY.
Astoria Real Estate Association...........................................................................................
Bohemian Tax-payers' Co-operative Savings and Loan Association o f Long Island City.
Central Permanent Building and Limn Association.........................................................
Columbia Building and Loan Association i .
Flushing Co-operative Savings and Loan Association.......................
Long Island C ity Building ami Limn Association..............................

Long Island City
Long Island City
Long Island City
W oodhaven.......
Mushing.............
Long Island City

M ar. 4,1889
Jan. 4,1897
D ec. 4,1888
Aug. 14,1889
M ar.,
1888
June,
1887

1890
1897
1889
1889
1890
1887




tttt

*1883
April, 1878
*1888
April, 1892

*1902
•*Mar. 3,1906

L oan A ssociations

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

*1879
*1882

and

Aug. 2,1875
Aug. 13,1886

Savings

Port Jem s.
Port Jervis.

ORANGE COUNTY — (.Concluded)
N bvxbsinx B uilding and Loan A ssociation.......................
Orange C ounts: B uilding and L oan A ssociation..............
Orange County Building and Loan Association, N o. 2 ............
Port Jervis Building and Loan Association, No, 1, o f the Village of Port Jervis, Orange
County, N . Y ......................................................................................................................
Port Jervis Real Estate and Loan Association...................................................................
Port Jervis Savings ami Loan Association, N o. 1..............................................................
Union Building and Loan Association of the Town of W oodbury, County of Orange,
State of New Y ork.............................................................................................................
W allxill Building and L oan A ssociation..................................................................
Warwick, Monroe and Cheater Building and Loan Association........................................
Woodbury, Monroe and Chester Building and Loan Association.........................................

Closed.

on

First
report
for year.

R eport

Organised.

Location.

NAMES OF ASSOCIATIONS.

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

Flushing.............
Jamaica..............
W est Rockaway.
W hitestone........

April 14,1882
M ay 22,1888
Oct. 5,1914
Aug. 81,1891

1893
1888
1914

RENSSELAER COUNTY.
Castleton Building, Savings and Loan Association.............
Castleton Savings and Loan Association................................

Castleton........

Feb. 24,1913

T koy S avings C ompany .

Hoosick Falls.
T roy...............
Hoosick Falls.
T roy...............
T roy...............
T roy...............

1882
M ay 1,1889
June,
18%
Feb. 25,18%
Oct. 25,1897
1870

1913
18%
1885
18%
18%
18%
1897
1875

RICHM OND COUNTY.
Edgewater Co-operative Savings and Building-Loan Association............
MiDiken Co-operative Savinas and Loan Association of New Y ork........
New Brighton Co-operative Savings and Loan Association.....................
NorthfieM Building, Loan and Savings Association..................................
North Shore Building, Loan and Savings Association..............................
Polish Savings and Loan Association o f 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 mid Loan Association............
Richmond County Building and Mutual Loan Association.....................
South Shore Savings and Loan Association..............................................
Staten Island Building, Loan and Savings Association...........................
Tompkinaville Co-operative Savings and Loan Association.....................
Westerleigh Building, Loan and Savings Associationf..............................

Stapleton...................
Mariner’s H arbor....
New Brighton...........
Mariner’s H arbor...
Port Richm ond........
Port Richm ond........
Port Richm ond........
W est New Brighton.
Mariner’s H arbor...
Tottenville................
New Dorp.................
Week New Brighton.
Tompkinaville...........
West New Brighton.

M ay,
1887
May 4, 1906
July 17,1900
Feb.,
1887
April 18,1888
July 18,1912
Feb. 3,1910
Deo. 9 ,1% 2
Aug. 25,1902
Dec. 13,1881
Feb. 17,1915
Feb. 8,1876
July 13,19%
Dec. 9 ,1%2

1887
1906
1900
1887
1888
1912
1910
1893
1902
1881
1915
1876
19%

Spring V alley........................ Sept. 1,18%
1%1
Spring V alley........................ M ay,
M ar. 1 ,1%1
June 13,1888
Sparkill................................. M ay 27,1915
Pmrl R iver........................... April 25,1899
Haverstraw........................... June 1,1888
Haverstraw........................... June 1,1888
Suffem ................................... Feb. 1,1887

1889
1892
1892
1890
1915
1899
1890
18%
1887

H oosick B uilding

and

L oan A ssociation .

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

Feb.

1,18%

*1881

r
***i% 2

1%2

1887

1893

• "il
ttt

ST. LAW RENCE COUNTY.
Canton.......
18%
Feb. 27,1889
Canton Savings and Loan Association..................... ...................................................
1892
Gouverneur.
Jan. 1 4 ,1%2
Gouverneur Savings and Loan Association.................................................................
18%
M ay. 1,18%
N orw ood...
Norwood Savings, Loan and Building Association.....................................................
April 21,1888
Ogdensburg.
1888
Ogdensburg Savings and Loan Association.................................................................
P otsdam .. .
18%
M ay 16,18%
Potsdam Savings, Loan and Building Association......................................................
* The last report received was for that year.
** Receiver appointed 1906.
»** Name changed to Westerleigh Building, Loan and Savings Association,
t Formerly Prohibition Park Building, Loan and Savings Association, a* ».
f t Name changed to Warwick, Monroe and Chester Building and Loan Association,
t f t Name changed to Suffem Savings and Loan Association, July 1,1611.
t t t t Name changed to Port Jervis Savings and Loan Association Number 1,
Februaiy 1, 1612.
J Removed from Brooklyn, Kings County, December 7, 1869.
} Reincorporated February 7, 1896.
II Reincorporated October 18,1896.
Name changed to The Provident Building mid Loan Association of Haverstraw, N . Y „ Inc., M ay 26,1918.




A ssociations

Suffem.

1891
*18%

of

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.................................................
Nyaok Building, Co-operative Savings ana Loan Association......................................
Orangetown Savings and Loan Association...................................................................
Park Co-operative Savings and Loan Association of Pearl River, New Y ork..............
Provident Building and Loan Association of Haverstraw, N. Y ., Inc., T he................
Provident Building and Loan Association o f Spring Valley, New York\\.....................
Suffera Savings and Loan Association.............................................................................
Town o f Ramapo Building and Loan Association, No. 1, of die Village o f Suffem, Rock­
land County, New F ork ftt............................................................................................

C
astleton.....

1%1

L ist

of

Sayjnos

and

L oan A ssociations —

NAMES OF ASSOCIATIONS.

(C
oncluded).

Location.

oo

O
rganised.

First
report
for yew .

Closed.

1905
18%

SENECA COUNTY.
Seneca Building and Loan Association^......................................................................

Seneca Falls.

April 1,1803

1893

A voca.................
Bath...................
Cohocton...........
Com ing..............
Hkmmnndnjwwfc..
H oraell...............
North Cohocton.
W allace..............
W ayland............

N ov. 14,18%
Feb. 4,1890
Feb. 6,1890
M ay 14,1899
M ay 12,1915
Mar. 27,1888
Jan. 18,1906
April 1,1891
Feb. 24,1891
Jan* 20,1888

1890
1890
1890
18%
1915
1888
1908
1891
1896
18%

SUFFOLK COUNTY.
Amityvitte Co-operative Building, Loan and Savings Associationf . ..
Babylon and Oak Beach Co-operative Savings and Loan Association.
Co-operative Savings and Loan Association o f SayviUe.......................

Am ityville..............
Babylon.................
SayviUe..................

N ov. 20,1893
M ay 31,1895
July 2,1894

1893
$ 1%5
1894

SULLIVAN COUNTY.
First Farmers’ Savings and Loan Association...................................

CenterviUe Station

Aug. 12,1914

1914

W avbbmt M utual L oan A ssociation ..........................

W averly.................
W averly.................

July 21,1903
April,
1876

1903
1876

*1885

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

Groton...........
Ithaca............
Trumansburg.

July 18,1914
M ay 17,1915
April 30,1907

1914
1915
1907

Aug. 25,1909

Rondout.

July

5,1889

1889

§ 1%1

Rondout..
Kingston.
Saugerties
W ailkill..

July 21, 1891
Jan. 11,1892
N ov. 7,1907
Sept. 3,1913

1891
1892
1907
1913

STEUBEN COUNTY.
Avoca Co-operative Savings and Loan Association............
Bath Savings and Loan Association.................................
Cohocton D%me Savings and Loan Association.
Corning Co-operative Savings and Loan Association
Hammondsport Savings and Loan Association.........................................
HoraelisvUle Co-operative Savings and Loan Association........................
Maple C ity Co-operative Savings and Loan Association..........................
Union Dime Savings and Loan Association o f North Cohoeton and Bloods.
Wallace Co-operative Savings and Loan Association....................................
Wayland Dime Savings and Loan Association...........................................

TIOGA COUNTY.
W averly Co-operative Savings and Loan Association.

ULSTER COUNTY.
Borne Co-operative Savings and Loan Association o f the City o f Kingston. Rondout, N . Y.
Homo-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 (T he).
Wailkill Valley Savings and Loan Association..........................




H ornell................

1%5
1898
Feb. 21,1916
............ **i% 8

1W)1
18%

1896

t

Dec. 31, 1904

L oan A ssociations

April,
1889
April 17, IMS

and

Sohenectady.
Schenectady.

Savings

April 25,1905

on

M echanicville...

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

R eport

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

Glens Falls............................

Dec. 2,1889

1890

... ............ ....
.
W ASHINGTON COUNTY.
Whitehall Co-operative Saving and Loan Association.................................. .

W hitehall..............................

Dec. 31,1910

........

W AYN E COUNTY.
Lyons Co-operative Savings and Loan Association............................................
Wayne Building, Loan and Accumulating Fund Association.........................

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

M ar. 31,1909
Mar. 8,1888

1909
1888
1807
1893
1901
1887
1890
1890
1900

Jan. 19,1897
Mar. 17,1893

M ount Vernon......................
Mamaroneck.........................
New Rochelle........................
Yonkers.................................
Peekskill................................
Tarrytown.............................
Tuckahoe..............................
W hite Plains.........................
W illiamsbridge......................
Yonkers.................................

June 17,1887
Dee. 24,1890
Sept. 15,1888
M ay 2,1900
July 1, 1890
1891
April 9,1890
May 1, 1889
Feb. 28,1890
Jan. 18,1888

W YOM ING COUNTY.
Tonawanda Valley Co-operative Savings and Loan Association..................... .

A ttica....................................

YATES COUNTY.
Home Savings and Loan Association of Penn Y an........................................

Penn Y an..............................

1808
1805

1902

1895
1890
Iran
1892
1888

1901
1893

M ay 14,1907

1907

July 16, 1909

Jan. 27,1890

1890

... * The last report received was forth a t year.
•* Receiver appointed.
*** Never commenced business; name dropped from official list.
t Consolidated
with the Anglo-American Savingsi and.Loan.Association>of New York: C ity.
t Never completed incorporation.
f Succeeded by Home-Seekers’ Co-operative
Savings and Loan Association of the C ity of Kmgeton, N. Y . . 1 Ha« not reported since 1805.
I f Orlando F. Thomas appointed receiver August %, 1900.
|Successor to Home Co-operative Savings and Loan Association of the City of Kingston, Rondout, N. Y ., g. v.
l




A ssociations

Yonkers.................................
W hite Plains.........................

0 , 1011
111900

of

W ESTCHESTER 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..........................
M&maroneck 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 Tarrytown 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........................................................

***Mar.

L ist

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

CD




n i? T A T T l ? n Q X A T ? M I? M X
JL/Ju X A.11 dVjkJ o T I \ TX Hfl¥XJCilN T
OF THE CONDITION OF THE

Savings and Loan Associations
OF THE

STATE OF NEW YO R K
January 1,1916
AS 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




1511




ALBANY COUNTY
ALBANY COUNTY SAYINGS AND LOAN ASSOCIATION
N os. 309-313 South P earl street, A lbany, N . Y .
[Organized under Law of 1892.
Officers
Names
President.....................
Secretary....................
Treasurer...................
Attorney.....................

Commenced business 18921
Post-office addresses

B. B. BOCK.............................................
GUY H. BENJAMIN............................
W. S. VAN DERZEE............................
LOUIS SILBEBMAN............................

145 Dongan Avenue.
11 Delaware Terrace.
1*68 So. Pearl Street.
De Graaf Building.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on s h a r e s ............................. ...........................................................
R eal estate ..................................................................................................
Gash on hand and in bank'.......................................................................
F u rn itu re and fixtures ............................................................................
Advances fo r taxes, insurance, e t c ........................................................

$202,270
8 ,0 0 8
19,000
5 ,6 9 4
100
83

41
00
00
46
00
89

$235,156 76
LIABILITIES
D ue shareholders, d u e s ..............................
D ue shareholders, dividends cred ited ....................................................
Undivided profits
.................................................................................
G uaranty fu n d (a s per section 392 o f Banking L a w ) ..................
Suspense a ccou nt
.................................................................................

$206,688
16,809
5 ,2 5 4
6 ,3 8 3
20

80
11
95
59
31

$235,156 76
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited t o 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 .......................................
Fees r e c e iv e d ..........................
Fines received ............................................................................................
In terest received .....................................................................
R en t received .......
D ividends retained on w ith draw a ls......................................................
Advances repaid .........................................................................................
M iscellaneous i t e m s ...................................................................................
Suspense accou nt .......................................................................................

$663
107,640
5 ,0 0 0
35,000
9 ,9 3 0
117
218
12,770
1,314
345
153
20
1

77
41
00
00
00
5)
76

13
00
89
55
11
52

$173,175 64
DISBURSEMENTS
Loaned on m ortgage .................................
Loaned on shares .......................................................................................
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 borrow ed m oney and p rior 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, p rin tin g and p osta ge................ ..........................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, assessm ent............................
[5 3 ]




$27,900
9 ,5 25
100,486
7 ,1 67
18,000
680
2 ,2 7 4
25
193
454
17

00
00
37
40
00
25
00
69
49
45
84

54

R epoet on S avings and L oan A ssociations

Officers’ bonds ..............................................................................................
A dvances fo r taxes, insurance, e t c ........................................................
State League dues .....................................................................................
T e le p h o n e .......................................................................................................
L ig h t and f u e l ..............................................................................................
C le a n in g ..........................................................................................................
S t a tio n e r y ......................................................................................................
M iscellaneous item s ..................................................................................
Cash on hand December 31,1915..........................................................

$24
127
7
60
183
80
30
233
5 ,6 9 4

00
48
50
56
92
15
80
28
46

$173,175 64
P lan , permanent. P a r value o f shares, $100. Installm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 7,621; shares issued du rin g the year,
2 ,1 82 ; shares w ithdraw n du rin g th e year, 2,755; shares in foree, 7,048.
B orrow in g members, 160, holdin g 1,855 shares; non-borrow ing members,
1,000, h oldin g 5,193 shares. Fem ale shareholders, 683, h oldin g 3,139 shares.
T o ta l dividends credited members du rin g the yea r on instalm ent shares,
$7,934.05; rate, 5 per cent, and 6 per cent. T ota l dividends credited o r pa id
in cash t o members du rin g the year on oth er shares, $1,642.64; rate, 4 per
cent, and 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e Banking Law , incurred and pa id du rin g the year, $2,832.92. 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 A lbany, Rensselaer and Schenectady counties,
N ew Y o rk State. Largest m ortgage loan outstanding, $5,800. M ortgages in
force in New Y ork State, $202,270.41. N o forelosures du rin g th e year.

C E N T R A L S A V IN G S A N D LO AN ASSO CIA TIO N
N o. 302 Central avenue, A lbany, N. Y .
[O rgan ized under Law o f 1851.

Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Com m enced business 1801]

Post-office addresses
Names
JOHN WAGNER.................................... ............. Albany, N. Y.
FREDERICK W. COOK........................
FREDERICK G. MICHEL.................... ............. Albany, N. Y.
HOWARD HENDRICKSON.................

ASSETS
L oan s on bond and m ortg a g e....................................................
L oan s on shares ............................................................................
R ea l e s t a t e .......................................................................................
Cash on hand and in b a n k ..........................................................
F u rn itu re and fixtures ...............................................................
In terest, prem ium , fees and fines due and u n p a id ...........
Advances fo r taxes, insurance, e t c ...........................................

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

$ 9 4 ,7 7 8 47
382 00

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

1 ,4 4 9 61
477 86
1 ,8 6 6 17

$107,545 91
LIABILITIES
D ue shareholders, dues ...............................................................
D ue shareholders, dividends cred ited ..................................
Balance to be paid borrow ers on m ortgage lo a n s ...........
B orrow ed m oney ..........................................................................
U ndivided profits ..........................................................................
G u aran ty fun d (a s per section 392 o f Banking L a w ) . .




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

$75,8 1 5
7 ,1 3 9
3 ,4 0 0
1 1 ,5 0 0

49
43
00
00

3 ,4 5 0 00
$107 ,'545 91

55

A lbany County.
RECEIPTS
Cash on hand January 1, 1915...............................................................
Dues credited t o m em bers..........................
M oney borrow ed .........................................................................................
M ortgages redeemed, forclosed or tran sferred to real esta te -----Loans on shares re p a id ..............................................................................
B eal estate sold .........................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
B en t received .....................................
D ividends retained on w ith draw als.....................................................
Advances repaid .........................................................................................
Sale o f f i x t u r e s ...........................................................................................
Insurance r e b a t e d .......................................................................................

$765
2 2 ,6 9 0
2 0 ,0 0 0
2 2 ,8 8 3
330
25
116
4 ,7 67
2 ,3 8 3
500
295
79
22
7

12
51
00
95
00
00
58
06
53
00
26
71
14
20

$74,565 06
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P aid m atured shares ................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on ineom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p r io r m o r tg a g e s .....................................
P a id interest on borrow ed m oney and p rior m ortga ges................
P u d fo r rea l esta te ..........................
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 a id taxes, insurance, e t c ..........................................................................
P aid banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ......................................................
Incom e ta x ..................................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 1 8 ,6 0 0
27,351
3 ,1 87
677

00
43
06
49

1,611
11 ,50 0
266
7 ,7 17
1,117
453
500
79
8
38
6
1,449

26
00
77
10
78
68
00
50
28
82
28
61

$74,565 06
Plan, permanent. P ar value of shares, $100. Instalm ents are 15 cents
weekly.
Shares in force January 1, 1915, 6,647; shares issued during the year,
1,518; shares w ithdraw n during the year, 1,021; shares in force, 7,144.
B orrow in g members, 78, holding 801 shares; non-borrow ing members, 584,
holding 6,343 shares. Fem ale shareholders, 284, holding 2,486 shares. Total
dividends credited members during the year on instalm ent shares, $1,748.98;
rate 4 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $1,658.22; rate, 4 per eent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$3,187.06. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and paid during the year, $2,071.46. U npaid, none.
Prem ium plan, instalm ent. Interest paid by borrow in g members, 5 % per
cent. Prem ium paid by borrow ing members, 5 cents per share per week.
Loans have been made in A lbany, Colum bia, Essex, Greene, Onondaga, Rens­
selaer, Saratoga, Scheneetady and Schoharie counties, New Y ork State.
L argest m ortgage loa n outstanding, $5,000. M ortgages in force in New Y ork
State, $94,778.47. T^ree foreclosures durin g the year.




56

R epoet of Savings and L oaf A ssociations

PERMANENT SAVINGS AND LOAN ASSOCIATION OF ALBANY, N. Y.
N o. 48 Sou th P ea rl street, A lbany, N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 1889]

Names
HENRY SCHAFER----OHAS. P. BRETT.........
STEPHEN L. FOSTER
EDWARD W. RANKIN

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

ASSETS
L oans on bond and m ortg a g e ...................................................................
L oans on shares ..........................................................................................
Cash on hand and in b a n k .....................................................................
T a x and street im provem ent certifica tes.............................................

$ 2 1 7,6 0 0
2 4 ,2 1 8
1 ,7 0 7
114

00
00
72
28

$ 2 4 3 ,6 3 0 08
LIABILITIES
D ue shareholders, d u e s .................
D ue shareholders, dividends cred ited ..................................................
B alance t o be pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m o n e y ..........................................................................................
U ndivided profits ........................................................................................
G uaran ty fun d (a s per section 302 o f B anking L a w ) ................

$ 1 7 0,0 8 2
2 0 ,2 0 3
3 ,8 0 0
2 3 ,0 0 0
16 ,31 7
9 ,2 7 6

21
70
00
00
62
45

$ 2 4 3 ,6 3 0 08
RECEIPTS
Cash on hand Ja n u a ry 1, 1915........................
Dues credited t o members ......................................................................
M on ey borrow ed ..........................................................................................
M ortgages redeemed, foreclosed or tran sferred t o rea l e s t a t e ..
L oans on shares re p a id ..............................................................................
Fines received ..............................................................................................
Interest r e c e iv e d ..........................................................................................
R ent re ce iv e d .................................................................................................
D ividends retained on w ith d raw a ls......................................................
T a x certificates redeem ed..........................................................................

$ 1 ,6 3 7 57
8 2 ,9 4 4 12
3 2 ,0 0 0 00
5 2 ,4 0 0 00
39,077 00
378 63
13,703 56
196 00
1 ,1 75 49
7291
$223,585 28

DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on s h a r e s ..................................
Dues repaid on w ithdraw al, oi; applied on lo a n s .............................
P a id m atured s h a r e s .................
D ividends p a id on w ith draw al, o r 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 p rior m ortg a g e..............
P a id salaries and clerk -h ire..........................................................
P a id advertising, printing and p osta ge................................‘ ...........
P a id ren t ..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .......................................................................................
T a x and street im provem ent certifica tes...........................................
A u d itin g com m ittee .................................................................................
F u rn itu re and f i x t u r e s ........................................................ .............I . .
S i g n s ............................................................
I n s u r a n c e ........................................................................................................
L i g h t i n g ..........................................................................................................
C le a n in g ..........................................................................................................




$63 ,7 6 5
3 8 ,916
5 7 ,37 5
2 6 ,2 6 3
3 ,4 4 0
2 7 ,0 0 0
941
2 ,4 0 8
528
720
17
34
114
30
9
19
18
15
78

00
00
73
10
80
00
69
00
63
00
29
00
26
00
13
05
23
00
00

57

A lbany County
T e le p h o n e ...................................................................
Office supplies .............................................................................................
P ass books ....................................................................................................
Loan r e g i s t e r ................................................................................................
In tern al revenue s t a m p s .........................................................................
M iscellaneous item s ................................................................., .............
Gash on hand December 31, 1915.......................................... ...............

$58
10
35
18
4
48
1,707

17
85
00
10
40
13
72

$223,585 28
P la n , permanent. P a r value o f shares, $105. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 7,015; shares issued du rin g the year, 3,016;
shares w ithdraw n du rin g the year, 2,891; shares in force, 7,140. B orrow ­
in g members, 215, h old in g 4,150 shares; non-borrow ing mem bers, 777, hold­
in g 2,990 shares. Fem ale shareholders, 498, holdin g 2,241 shares. Total
dividends credited mem bers durin g the year on instalm ent shares, $9,000.40;
rate, 5 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year, $28,263.10. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred and paid durin g the year, $4,034.69. 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 - A lbany, Colum bia, Rensselaer and Saratoga
counties, N ew Y o rk State. L argest m ortgage loan outstanding, $5,200. M ort­
gages in fo rce in N ew Y ork State, $217,600. N o foreclosures du rin g the year.

THE SAFETY BUILDING-LOAN AND SAVINGS ASSOCIATION OF THE
CITY OF ALBANY
N o. 407 B roadw ay, A lbany, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

under Law of 1851. Commenced business 1889]
Names
Post-office addresses
JOHN H. LYNCH..................................
27 Madison Avenue.
EDWARD J. B. MURRAY.................... 256 Quail Street.
JOHN J. GALLOGLY............................ First National Bank.
ANDREW G. SEELMAN...................... 68 State Street
ASSETS
$ 3 01,700 00
Loans on bond and m ortg a g e ......................................
2 0 ,88 5 00
Loans on shares ...............................................................
152 21
Gash on hand and in b a n k .............................................
1,088 25
Instalm ents due and unpaid ......................................
722 49
Interest, prem ium , fees and fines due and unpaid
650 34
Advances fo r taxes, insurance, e t c ...........................
978 07
Interest accrued ...............................................................
F ines accrued ...................................................................
17 02
$326,193 38
LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends cred ited ............................................
B orrow ed m oney .........................................................................................
U ndivided profits .....................................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................
Dues paid in advan ce............................................
In terest paid in advan ce..........................................................................
In divid u a l accounts ...................................................................................




$244,090
50,061
1 7 ,00 0
8 ,2 7 0
6 ,4 55
246
62
7

50
16
00
08
30
50
49
29

$326,193 38

58

R epoet oh S avings and L oan A ssociations
R E C E IP T S

Cash on hand Janu ary 1, 1915.................
D ues credited t o members ..........................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
L oan s on shares r e p a i d ............................................................................
Fees received ..............................................................................................;
F ines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
D ividends retained on w ith d raw a ls........... .. .....................................
Advances repaid .........................................................................................
In divid u al accounts ...................................................................................

$393
58 ,79 5
4 1 ,0 0 0
5 2 ,5 5 0
13,681
94
500
19,813
1 ,900
1,195
2 ,0 5 2

73
00
00
00
00
66
77
56
36
28
83

$191,986 19
DISBURSEMENTS
Loaned on m ortgage ....................................................................
Loaned on shares .......................................................................................
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......................
Cash dividends paid on incom e and accum ulative prepaid shares
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest 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 p osta ge.............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id bank in g departm ent, assessm ent...............................................
Officers’ bonds ........................................................................................
A dvances fo r ta x e s .....................................................................................
S ta te League dues and expenses............................................
In divid u a l accounts ...................................................................................
Office fu rn itu re ............................................................................................
B u rgla ry insurance ...................................................................................
Telephone, ligh tin g and clea n in g ..........................................................
Office supplies ..............................................................................................
P a in tin g office sign ...................................................................................
Loss on accounts .......................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$45,050 00
8 ,2 1 2 00
40 ,94 5 75*
2 4 ,5 0 0 00
8 ,1 0 0 08
949 77
5 4 ,0 0 0 00
1 ,7 43 07
720 00
102 67
225 00
54 00
25 17
22 00
223 39
34 90
6 ,6 8 0 89
64 15
38 60
42 70
43 59
16 75
39 50
152 21
$191,986 19

P la n , serial. P a r value o f shares, $200. Instalm ents are 50 cents semi­
m onthly.
Shares in fo rce Ja n u a ry 1, 1915, 4 ,1 7 2 % ; shares issued du rin g the year,
8 7 3 ; shares w ithdraw n du rin g th e year, 8 6 6 ; shares in force, 4,1 79 % . B or­
row in g members, 256, h oldin g 1,918% shares; non-borrow ing members, 325,
h oldin g 2,261 shares.
Fem ale shareholders, 225, h oldin g 1,325% shares.
T o ta l dividends credited members du rin g the year on instalm ent shares,
$15,223.79; rate, 6 per eent. T ota l dividends credited o r pa id in cash to
mem bers du rin g the year on oth er shares, $949.77; rate, 4 % per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$24,500. E ntrance fee, 25 cents per A a r e ; m axim um fee $1. O perating
expenses, as defined in section 390 o f the B anking l a w , incurred and pa id
du rin g the yea r, $1,349.86. U npaid, none.
N o prem ium plan. In terest p a id b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in A lbany, Rensselaer and Schenectady counties,
N ew Y o rk State. L argest m ortgage loan outstanding, $20,000. M ortgages
in force in N ew Y ork State, $301,7,00. One foreclosure du rin g the year.




59

A lbany County
VOORHEESVILLE SAYINGS AND LOAN ASSOCIATION
Y oorheesville, N . Y .

[Organized under Law o f 1910. Commenced business 1913]
Officers
Names
Post-office addresses
President..................... FREDERIC V. GRIESMAN.
Voorheesville, N. Y.
Secretary..................... JOHN C. GUFFIN.................
Voorheesville, N. Y.
Treasurer...................
Voorbeesville, N. Y.
JOHN C. GUFFIN.................
Attorney...................... S. J . D A R IN G ...........................
Voorbeesville, N. Y.
ASSETS
Loans on bond and m ortga ge................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fix tu res..............................................................................

$17,4 7 8 33
2 0 63
24 00
$17,522 96

LIABILITIES
Due shareholders, d u e s ...........................................................................
D ue shareholders, dividends cred ited ....................................................
Borrow ed m o n e y .........................................................................................
U ndivided profits .....................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ..................

$16,297
561
300
302
62

05
68
00
07
16

$17,522 96
RECEIPTS
Cash on hand Janu ary 1, 1915.................
Dues credited t o m em bers................. ....................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e .. .
Fees received .............................................................................................
Interest r e c e iv e d .........................................................................................
D ividends retained on w ith draw a ls.....................................................

$196
10,687
3 ,4 0 0
746
1
759
13

58
10
00
67
25
18
53

$15,804 31
DISBURSEMENTS
Loaned on m o rtg a g e ................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends pa id 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 aid interest o n borrow ed m oney and p rior m ortgages................
P aid salaries and elerk-hire .................................................................
P aid advertising, prin tin g and p osta ge.............................................
P aid rent ......................................................................................................
P a id banking departm ent, assessment ...............................................
Officers’ bonds ...........................................................................................
L ig h tin g and h e a t in g .................
Cash on hand December 31, 1915 ........................................................

$8,056 41
4 ,4 1 8 2 5
97 36
3 ,1 0 0 00
25 67
52 00
4 25
12 00
1 74
8 00
8 00
20 63.
$15,804 31

Plan, permanent. P ar value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce Janu ary 1, 1915, 4 97; shares issued du rin g the year, 161;
shares w ithdraw n during the year, 101; shares in force, 557. B orrow ing
mem bers, 9, holdin g 152 shares; non-borrow ing members, 73, h oldin g 405
shares. Fem ale shareholders, 19, holdin g 133 shares. T ota l dividends credited
members d u rin g th e year on instalm ent shares, $264.20; rate, 5 per cent, and
6 per cent. T o ta l dividends credited or paid in cash to members during the
yea r on oth er shares, $134.31; rate, 4 per cent, and 4 % per cent.




60

R eport oh S avings and L oan A ssociations

N o unpaid w ithdraw als.
E ntrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
d u rin g the year, $84.25. Unpaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 p er cent. N o
prem ium charged.
Loans have been m ade in A lban y cou nty, N ew Y ork
State. L argest m ortgage loan outstanding, $3,700. M ortgages in force in
N ew Y o rk State, $17,478.33. N o foreclosures d u rin g the year.

WEST END SAYINGS AND LOAN ASSOCIATION
N o. 854 M adison avenue, A lbany, N . Y .
[Organized
Officers
President.....................
Secretary.......................
Treasurer...................
Attorney......................

under Law o f 1851. Commenced business 1880]
Names
Post-office addresses
WILLIAM E. FOSKETT......................... 41State Street.
EDWARD
W. DE ROUVILLE... 854
Madison Avenue.
C. A. HOLLENBECK..............................
88 Beaver Street.
WALTER E. W ARD.............................
78State Street.

ASSETS
Loans on bond and m ortg a g e.................................................................
R eal e s t a t e .....................................................................................................
Cash on hand and in b a n k .....................................................................
A dvances fo r taxes, insurance, e t c ........................................................

$ 2 67,810
17 ,05 8
5 ,0 3 7
79

00
20
41
22

$289,984 83
LIABILITIES
Due shareholders, dues ............................................................................
D ue shareholders, dividends credited .................................................
B orrow ed m oney .......................................................................................
U n divided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ..................'
U nearned o r rebatable p r e m iu m ..........................................................
Special reserve ............................................................................................

$214,902
3 3 ,8 0 3
17,500
1 2,454
6 ,8 0 0
4 ,2 7 2
251

39
27
00
89
00
88
40

$289,984 83
RECEIPTS
Cash on hand Janu ary 1 , 1 9 1 5 ...............................................................
D ues credited to members ......................................................................
M oney borrow ed ..........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e .. .
L oan s on shares r e p a i d ......................................................................
Fees received ..............................................................................................
In terest received .......................................................................................
R e n t received ..............................................................................................
A dvances repaid .........................................................................................
Special reserve ..................................................................................
D ues t o p rofit and l o s s ............................................................................

$3 ,54 1
89,351
15 ,00 0
4 7 ,8 2 5
1 ,0 8 0
93
14,383
1 ,0 63
313
307
3

63
19
00
00
00
00
07
54
17
40
00

$172,961 00
DISBURSEMENTS
Loaned on m ortgage ............................................................................ ..
D ues rep aid on w ithdraw al, or applied on l o a n s ...........................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
P a id borrow ed m oney and p r io r m o r t g a g e s .................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id fo r re a l e s t a t e ...................................................................................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and postage ...........................................




$ 51,015
9 0 ,6 3 0
8 ,8 5 3
4 ,5 0 0
596
8 ,5 5 3
1 ,3 8 2
420

00
14
16
00
48
16
71
73

61

A llegany County
P a id rent .......................................................................................................
P a id rep airs t o real e s t a t e .........................................................
P a id taxes, insurance, etc .....................................................................
P a id banking departm ent, exam ination ..........................................
Officers’ bonds ...........................................................................................
Advances fo r taxes, insurance, e t c .........................................................
State League D u es............................................
A u d itin g ................................................. , ...................................................
Reserve prem ium r e t u r n e d .....................................................................
Shortage .........................................................................................................
Cash on hand December 31, 1915 .................................................

$34
312
328
35
12
392
8
578
173
96
5 ,0 3 7

00
05
86
50
00
39
90
32
49
70
41

$172,961 00

P lan , perm anent. P a r value o f shares, $105. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 9,092; shares issued du rin g the year,
2,0 34 ; shares w ithdraw n du rin g the year, 2,268; shares in force, 8,858.
B orrow ing members, 161, h oldin g 2,535 shares; n on-borrow ing members, 874,
holding 6, 323 shares. Fem ale shareholders, 347, holding 3,300 shares. T otal
dividends credited members du rin g the year on instalm ent shares, $12,629.70;
rate, 6 % per cent.
N o unpaid w ithdraw als. M em bership fee, 50 cents. O perating expenses,
as defined in section 390 o f the Banking Law , incurred and paid du rin g the
year, $1,858.34. U npaid, none.
Prem ium plan, prem ium -interest. Interest and prem ium pa id b y borrow ­
in g members, 6.44 per cent.
Loans have been made in Albany, Greene, Rensselaer and Schenectady
counties, N ew Y ork State.
Largest m ortgage loan outstanding, $11,655.
M ortgages in force in N ew Y ork State, $267,810. Three foreclosures during
the year.

ALLEGANY COUNTY
ALFRED MUTUAL LOAN ASSOCIATION
M ain street, A lfred , N. Y .
[Organized under L aw o f 1851. Commenced business 1884]
Officers
Names
Post-office addresses
President..................... P. A. CRUMB.........................................................
Alfred, N. Y.
Secretary..................... E. P. SAUNDERS.................................................. Alfred, N. Y.

T rea su rer.....................

Attorney.....................

P . H . E L M S ...............................................................

E. P. SAUNDERS..................................................

ASSETS
Loans on bond and m ortgage ....................................
Loans on shares ...............................................................
C ontracts fo r the sale o f real esta te.........................
R eal estate ........................................................................
Cash on hand and in b a k ...............................................
Furn itu re and fixtures .................................................
Instalm ents due and u n p a i d ........................................
Interest, prem ium , fees and fines due and unpaid
Advances fo r taxes, insurance, etc..............................
R ent u n p a i d ........................................................................
M iscellaneous item s ........................................................




A lfred , N . Y .

Alfred, N. Y.
$175,088
10,300
6 ,6 8 2
5 ,147
17
316
1,083
1,099
15
49
51

81
00
56
00
62
78
01
19
83
00
50

$199,851 30

62

R eport on Savings and t oan A ssociations
l ia b il it

s

D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends c r e d i t e d ..........................................
Balanee to be p a id borrow ers on m ortgage lo a n s.............................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty rand (a s per section 392 o f B anking L a w ) ................
D ues prepaid ................................................................................................
In terest prepaid ..........................................................................................

$144,825
3 2 ,62 6
600
15,300
2 ,0 1 8
4 ,3 6 0
120
1

00
08
00
00
70
00
52
00

$199,851 30
RECEIPTS
Cash o n hand Janu ary 1 , 1 9 1 5 ...............................................................
D ues credited to m e m b e r s ........................................................................
M on ey borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares repaid ..........................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
B en t received .............................................................................................
D ividends retained on w it h d r a w a ls ....................................................
B ea l estate con tra cts ..............................................................................
A pp lica tio n deposits ................................................................................
Expenses repaid .........................................................................................
F u rn itu re sold ............................................................................................

$ 3 ,3 7 0
31 ,93 8
1 6 ,3 0 0
20 ,65 8
10 ,90 0
101
487
11,917
282
242
1*237
110
11
2

88
26
00
80
00
77
88
38
25
76
67
00
68
50

$97,561 83
DISBU RSEM EN TS

Loaned on m ortgage .................................................................................
Loaned on shares ............................................... . . . . .................................
D ues repaid on w ithdraw al, o r applied on lo a n s .............................
P a id m atured s h a r e s .................................................................................
D ividends paid on w ith draw al, o r applied on loa n s......................
P a id borrow ed m oney and p rior m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s ..............
P a id fo r real estate ................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id ren t .......................................................................................................
P a id repairs t o real estate ...................................................................
P a id taxes, insurance, etc.........................................
P a id banking departm ent, e x a m in a tio n .............................................
P a id banking departm ent, a s s e s s m e n t................................*..............
Officers’ bonds .......................................................................
Advances fo r taxes, insurance, etc.........................................................
State league dues and expenses ..........................................................
A pp lica tio n deposits ................................................................................
F u rn itu re and fixtures ............................................................................
Office e x p e n s e s ..............................................................................................
C om m ission fo r collectin g rents ..........................................................
Cash on hand Decem ber 31, 1 9 1 5 ..........................................................

$ 1 5 ,2 0 0
9 ,2 0 0
1 0,062
2 6 ,3 0 0
2 ,2 0 3
2 7 ,0 8 6
890
5 ,1 4 7
555
96
37
192
212
73
15
16
3
27
110
62
49
4
17

00
00
08
00
57
30
95
00
00
00
00
04
63
00
56
00
53
60
00
00
45
50
6$

$97,561 83
P lan , serial. P a r valu e o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce J anu ary 1, 1915, 2,482; shares issued du rin g the year,
393; shares w ithdraw n du rin g the year, 3 1 5 ; shares in force, 2,560. B orrow ­
ing mem bers, 150, holding 1,165 shares; non-borrow ing members, 278, holding




63

B ronx County

1,395 shares. Fem ale shareholders, 205, holdin g 927 shares. T ota l dividends
credited members during the year on instalm ent shares, $10,216.44; rate,
5 % per cent.
N o unpaid w ithdraw als.
A m ount o f shares matured during th e year,
$11,692.55. Entrance fee, 25 cents per book. Operating expenses, as defiined
in section 390 o f the Banking l a w , incurred and paid during th e year,
$785.55. U n paid none.
N o prem ium plan. In terest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in A llegan y and Steuben counties, N ew Y ork State.
L argest m ortgage loan outstanding, $6,000.
M ortgages in force in New
Y o rk State, $175,088.81. N o foreclosures du rin g the year.

BRONX COUNTY
EUREKA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
553 C ourtland avenue, New Y ork , N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1887. Commenced business 1S88]
Names
Post-office addresses
JOHN L. BURGOYNE...............
553Courtland Avenue.
GEORGE A. SPENCER...........
611 Madison St., Brooklyn.
J. H. HITTORFF........................
993Jackson Avenue.
JOHN DAY1S...............................
68 William Street.
A SSE TS

Loans on bond and m ortgage .......................
Loans on shares .................................................
R eal estate ..........................................................
Cash on hand and in b a n k .............................
F u rn itu re and fixtures ....................................

$97,400
4 ,7 3 0
3 ,6 4 0
2,219"

00
00
20
43

100 00

$168,089 63
LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends c r e d it e d .................................................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem ium ..........................................................

$87,979
13,948
3 ,3 1 3
2 ,0 4 6
802

00
14
72
77
00

$108,089 63
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
D ues credited t o mem bers .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid ...................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Prem ium received .......................................................................................
D ividends retained on w ithdraw als ...................................................
R eal estate ..................................................................................................
Exchange ......................................................................................................




$549
23,678
2 ,3 0 0
14 ,10 0
4 ,8 2 0
17
13
6 ,1 98
30
372
66

64
00
00
00
00
75
99
02
00
79
20
94

$52,147 33

64

R eport on S avings and L oan A ssociations
DISBU RSEM EN TS

Loaned on m ortgage .................................................................................
Loaned on shares .......................................................................................
D ues rep aid on w ithdraw al, o r applied on lo a n s ...........................
P a id m atured shares .................................................................................
D ividends paid on w ith draw al, o r applied on lo a n s ....................
P a id borrow ed m oney and p rior m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s ...........
P a id fo r rea l e s t a t e ...................................................................................
P a id salaries and clerk-hire .........................,.......................................
P a id advertising, p rin tin g and postage ...........................................
P a id ren t .......................................................................................................
P a id banking departm ent, e x a m in a tio n .............................................
P a id banking departm ent, a s s e s s m e n t...............................................
Officers’ bonds ..............................................................................................
D orm an t accou nt .................................
M etropolita n League dues ......................................
D irectors’ fees ............................................................................................
Insurance rebated .....................................................................................
In terest rebated ..........................................................................................
M iscellaneous item s ...................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$ 1 1 ,9 0 0 00
4 ,3 0 0 00
13,318 00
11,092 55
1 ,7 9 4 91
2 ,3 0 0 00
7 78
3 ,7 0 6 40
507 00
83 99
120 00
19 60
861
16 00
20 40
6 00
95 00
7 93
1 13
22 60
2 ,2 1 9 43
$52,147 33

P la n , serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force J a n u a ry 1, 1915, 2,050; shares issued du rin g the year,
5 3 7 ; shares w ithdraw n du rin g the year, 3 89; shares in force, 2,198. B orrow ­
in g m em bers, 31, h oldin g 487 shares; n on-borrow ing members, 281, holding
1,711 shares. Fem ale shareholders, 94, holdin g 525 shares. T o ta l dividends
cred ited members du rin g th e year on instalm ent shares, $4,922.02; rate, 5
per cent.
N o unpaid w ithdraw als.
A m ount o f share m atured du rin g the year,
$11,692.55. Entrance fee, 25 cents per book. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid during the year, $840.59.
Unpaid none.
Prem iu m plan, gross. In terest pa id b y b orrow in g members, 5 per cent.,
and 6 per cent. Prem ium paid b y b orrow in g members, 1 per cent.
L oans have been m ade in N ew Y ork , Queens, R ichm ond and W estchester
counties, N ew Y o rk State and in N ew Jersey, L argest m ortgage loan ou t­
standing, $5,000. M ortgages in fo rce in N ew Y o rk State, $95,600. N o fore­
closures du rin g the year.

MODEL BUILDING AND LOAN ASSOCIATION OF MOTT HAVEN
N o. 2663 T h ird avenue, New Y ork , N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 1889]

Names
JOHN S. H A N S O N ...,......................
JOSEPH B. HARE...............................
JTJLES F. VALOIS...............................
HERBERT REEVES...........................

Post-office addresses
37 lib erty Street.
1813 Webster Avenue.
2663 Third Avenue.
55 Liberty Street.

ASSETS
Loans on bond and m o r t g a g e .................................................................
Loans on shares .........................................................................................
R eal e s t a t e .....................................................................................................
Cash on hand and in bank .....................................................................
F u rn itu re and fixtures ............................................................................




$308,487
11,257
3 1 ,30 8
3 ,6 5 3
465

45
C)
M
00
24
88

65

B ronx County
Interest, prem ium , fees and fines due and u n p a i d .........................
Advances fo r taxes, insurance, e t c . .....................................................
Instalments due and unpaid........................................ $f,592 00

$ 6 ,6 4 4 52
570 77

$362,386 86
L IA B IL IT IE S

Due shareholders, dues ............................................................................
D ue shareholders, m atured shares ......................................................
D ue shareholders, dividends c r e d it e d .................................................
Balance to be paid borrow ers on m ortgage l o a n s .......................
P rio r m ortgages .........................................................................................
B orrow ed m oney .........................................................................................
U ndivided profits .....................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ................
Interest accrued .........................................................................................

$214,786
5 1,125
33,839
4 ,0 5 0
9 ,0 0 0
18,000
19,052
12 ,50 0
32

50
00
72
00
0o
00
65
00
99

$362,386 86
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to members .....................................................................
P rio r m ortgages .........................................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares r e p a i d ....................................................................
B eal estate s o l d ...........................................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Prem ium received ................................................
Bent received .............................................................................................
D ividends retained on w ith d r a w a ls ......................................................
Advances repaid .........................................................................................
P rofit and loss, dividends accrued .....................................................
Interest accrued .........................................................................................
P rofit on sale o f real e s t a t e ...................................................................
Cash over ......................................................................................................

$ 3,409
7 7,737
9 ,0 0 0
167,000
9 ,0 1 2
9 ,8 4 0
5 ,5 85
65
171
17,126
3 ,8 6 0
1,165
464
831
155
32
875
10

28
00
00
00
59
0V
00
25
12
29
34
63
96
74
44
99
00
27

$306,342 90
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
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 m oney and p rior m ortgages ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s .............
P a id fo r real estate ................................................................................
P aid salaries and clerk-hire .................................................................
P aid advertising, prin tin g and posta ge.............................................
P aid rent ......................................................................................................
P aid repairs to real e s t a t e .....................................................................
Paid taxes, insurance, etc.........................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
Advances fo r taxes, insurance, etc.......................................................
F oreclosure expenses ................................................................................
L egal expenses ...........................................................................................

3




$22,211
6 ,925
48,843
37,151
4 ,5 6 6
165,500
902
11,148
2 ,6 4 0
74
120
321
932
42
25
34
866
242
74

45
00
25
00
18
0Q
97
00
35
44
00
14
86
25
59
00
64
04
70

66

K efobt on Savings and L oan A ssociations

In tern al revenue s t a m p s ..........................................................................
C ollection charges .....................................................................................
P rotest fees ..................................................................................................
Inspectors o f election ..............................................................................
Letter carrier ..............................................................................................
T o correct errors .......................................................................................
Cash on hand December 31, 1915 ......................., ..............................

$35
9
1
10
5
7
3 ,6 5 3

00
09
67
00
00
04
24

$306,342 90
P lan, serial. P a r value o f shares, $125. Instalm ents are 50 cents m onthly.
Shares in force Janu ary 1, 1915, 8,281; shares issued du rin g the year,
1,290; shares w ithdraw n during the year, 1,517; shares in force, 8,054.
B orrow in g members, 105, holdin g 2,185 shares; n on-borrow ing members,
557, holdin g 5,869 shares. Fem ale shareholders, 285, h oldin g 2,805 shares.
T ota l dividends credited members durin g the year on instalm ent shares,
$14,816.35; rate, 5 % per cent.
N o unpaid w ithdraw als.
Amount* o f shares m atured du rin g the year,
$41,026. Mem bership fee 75 cents. O perating expenses, as defined in section
390 o f the Banking Law , incurred and paid du rin g the year, $2,929.55.
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 borrow in g mem bers, 2 per cent.
Loans have been made in K in gs, N assau, N ew Y ork, Queens and W est­
chester counties, N ew Y ork State and in N ew Jersey. la r g e s t m ortgage
loa n outstanding, $12,000. M ortgages in force in N ew Y ork State, $232,014.45. Tw o foreclosures during the year.

MOUNT ST. VINCENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION
N o. 1932 A rth u r avenue, New Y ork , N . Y .
{Organized
Officers
President.
Secretary.
Treasurer
Attorney.

under Law of 1851. Commenced business 18&8]
Names
Post-office addresses
WILLIAM C. BERGEN.
130 West 180th Street.
ANDREW J. F L Y N N ...
1976 Hughes Avenue.
JAMES O’CO N N E L L...
589 West 147th Street.
JOHN J. O'GRADY.........
277 Broadway.
A S S E TS

Loans on bond and m ortgage ..............................................................
C ontracts fo r the sale o f real estate .................................................
B ea l estate ..................................................................... .............................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtures ............................................................................

$ 1 5 9 ,8 5 0
3 ,1 8 2
4 ,2 5 0
9 ,3 5 9
-50

00
39
00
70
00

$176,692 09
LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ................

$124,491
40,493
9 ,1 08
2 ,5 98

02
60
52
95

$176,692 09
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
R eal estate sold ..........................................................................................




$9 ,77 3
30,191
500
51

43
39
00
8®

67

B ronx County
In terest received .......................................................................................
Prem ium received .....................................................................................
R ent received .............................................................................................

$ 8 ,0 2 0 62
264 66
529 00
$ 5 0 ,3 3 0 96

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends p a id on w ithdraw al, or applied on l o a n s ....................
P a id salaries and clerk-hire ..............
P aid advertising, p rin tin g and p osta g e.............................................
P a id rent ....................................................................................................
P aid repairs to real e s t a t e .....................................................................
P a id taxes, insurance, etc.........................................................................
P aid banking departm ent, e x a m in a tio n .............................................
P aid banking departm ent, assessment ...............................................
Officers’ bonds ..............................................................................................
State and M etropolitan League d u e s .................................................
M ovin g office ................................................................................................
M iscellaneous item s ................................. ................................................
Cash on hand December 31, 1915 ........................................................

$ 15,600 00
20,271 82
4 ,1 7 8 97
508 00
18 75
80 00
878
194 13
43 50
12 48
7 36
17 25
30 00
22
9 ,3 5 9 70
$ 5 0 ,3 3 0 96

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1915, 2,441; shares issued du rin g the year, 2 6 6 ;
shares w ithdraw n during the year, 4 6 ; shares in force, 2,661. B orrow ing
members, 38, h oldin g 1,389 shares; non-borrow ing members, 226, holding
1,272 shares. Fem ale shareholders, 91, holdin g 839 shares. T ota l dividends
credited members during the year on instalm ent shares, $8,900.58; rate, 6
per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f the
Banking Law , incurred and paid du rin g the year, $661.56. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid b y borrow in g members, 6
per eent. Prem ium paid by borrow in g members, 1 % per cent.
Loans have been in B ronx, K in gs, N ew Y ork , Queens, R ichm ond, Suffolk
and W estchester counties, N ew Y ork State, and in N ew Jersey. Largest
m ortgage loan outstanding, $15,000. M ortgages in force in New Y ork State,
$153,350.
N o foreclosures du rin g the year.

NORTH NEW YORK SAVINGS AND LOAN ASSOCIATION
N o. 499 W illis avenue, New Y ork , N . Y .
[Organized under Law of 1851. Commenced business 1886]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Names
PRANK A. HOOKER...............
GEORGE W. CUDLIPP...........
WILLIAM H. W RIGHT...........
J. HOMER HILDRETH.........

ASSETS
Loans on bond and m ortgage ....................................
Loans on shares ..............................................................
R eal estate ........................................................................
Cash on hand and in bank ........................................
Furniture and fixtures .................................................
Interest, prem ium , fees and fines due and unpaid




Post-office addresses
1815 Webster Avenue.
251 E. Kingsbridge Road.
351 East 141st Street.
Columbia Trust Co. Bldg., 3d
Avenue and 148tb Street.
$ 2 30,056
430
17,000
5 ,1 1 9
106
4 ,7 0 3

00
00
00
59
53
55

$ 2 57,409 67

68

K bfort on Savings and L oan A ssociations

LIABILITIES
Due shareholders, dues ..........................................................................
Undivided profits .......................................................................................
G uaran ty rand (a s per section 392 o f Banking L a w ) ................
Taxes, insurance, etc..................................................................................

$242,906
2 ,1 1 7
12,271
113

76
08
98
85

$25 7,4 0 9 67
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
D ues credited to m e m b e r s ........................................................................
M oney b o r r o w e d ..............................
M ortgages redeemed, foreclosed o r transferred to rea l e s t a t e ..
Loans on shares r e p a i d ............................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
R ent received ..............................................................................................
Assessments, taxes, etc..............................................................................
P rofit and loss ............................................................................................
Suspense account .......................................................................................

$3 ,34 7 71
31,991 30
1 3 ,50 0 00
1 5 ,20 0 00
5 ,3 9 0 00
18,187 97
179 76
880 00
860 65
92 61
37 00
$89,667 00

DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s.............................
P a id borrow ed m oney and p rior m ortgages ....................................
P a id interest o n borrow ed m oney and p rior m ortga ges..............
P a id fo r real e s t a t e .................................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, prin tin g and p o s t a g e .............................................
P a id rent .......................................................................................................
P a id repairs to real estate .....................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessment .............................................
Interest accrued .........................................................................................
Foreclosure costs, taxes, insurance, ete..............................................
Com m ission fo r collectin g r e n t s .........................
Cash on hand Decem ber 31, 1 9 1 5 ........................................................

$7,133 50
3 ,9 45 00
42,551 42
13,500 00
126 02
9 ,0 0 0 00
850 00
149 61
240 00
156 89
273 30
1690
19 22
4 ,7 0 3 55
1 ,8 45 60
36 40
5 ,1 1 9 59
$89,667 00

P lan , permanent. P a r valu e o f shares, $100 and $250. Instalm ents are
10 cents and 25 cents w eekly.
Shares in force Ja n u a ry 1, 1915, 2,3 54 ; shares issued du rin g the year, 156;
shares w ithdraw n du rin g the year, 165; shares in force, 2,345. B orrow in g
members, 20, holding 318 shares; n on-borrow ing members, 356, h oldin g 2,027'
shares.
Fem ale shareholders, 190, h oldin g 1,102 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $11,475.74; rate,
5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking l a w , incurred and paid du rin g the year, $1,276.01, U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 5 % per cent, and 6
per cent. N o prem ium charged.
L oans have been made in N ew Y o rk cou nty, N ew Y ork State. L argest
m ortgage loan outstanding, $7,500. M ortgages in force in N ew Y ork State,
$230,050. T w o foreclosures du rin g the year.




69

B ronx County
TRSMONT BUILDING AND LOAN ASSOCIATION
N o. 1931 W ash ington avenue, New Y ork , N . Y .

[Organized under Law o f 1851. Commenced business 1884]
Officers
Names
Post-office addresses
President.......... THOMAS C. LEW IS...................................................
4260 Broadway.
ROBERT I. LOMAS, J s .............................................. 1941Concourse.
Secretary..........
Treasurer......... MARTIN W ALTER........................................................ 1935Concourse.
Broadway.
Attorney........... TITLE GUARANTEE& TRUST CO............................ 176
A S S E TS

Loans on bond and m o r t g a g e ...............................................................
Loans on shares .........................................................................................
Cash on hand and in h a n k .....................................................................

$ 1 12,100 00
4 ,5 2 5 00
519 14
$117,144 14

LIABILITIES
Due shareholders, dues ..........................................................................
D ue shareholders, dividends credited .............................................
B orrow ed m oney
.....................................................................................
Undivided profits .....................................................................................
G uaran ty fund (a s per section 392 o f the B anking L a w ) . . . .

$88,588
2 0 ,51 2
1 ,000
3 ,8 08
3 ,2 3 4

50
85
00
40
39

$117,144 14
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to mem bers .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on share r e p a i d ..............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Prem ium received .......................................................................................

$3 ,41 4
20 ,10 7
6 ,5 0 0
8 ,5 0 0
4 ,2 25
13
42
6 ,4 0 6
1,271

00
09
00
00
00
50
58
13
48

$50,479 78
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, o r applied on l o 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 borrow ed m oney and prior m ortgages ................................
P aid interest on borrow ed m oney and p rior m ortgages .............
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id rent ................................................
P a id banking departm ent, exam ination ..........................................
P aid banking departm ent, assessment ............. : ............................
Officers’ bonds ..............................................................................................
State League dues .....................................................................................
Internal revenue stam ps .......................................................................
Cash on hand Decem ber 31, 1 9 1 5 ..........................................................

$ 7 ,0 0 0
1 ,4 00
2 6 ,62 3
2 ,5 0 0
6 ,2 4 0
5 ,5 0 0
36
500
28
72
13
9
30
5

00
00
50
00
57
00
17
00
84
00
10
81
00
75
90
519 14

$50,479 78
Plan, serial. P a r value o f shares, $100. Instalm ents are 50 cents m onthly.
Shares in force Ja n u a ry 1, 1915, 3,902; shares issued du rin g the year, 372;
shares w ithdraw n du rin g th e year, 9 5 6 ; shares in force, 3,318. ik>rrowing




TO

R eport on Savings and L oan A ssociations

mem bers, 2®, b oldin g 1,313 shares; n on-borrow ing members, 90, boldin g
2,005 shares. Fem ale shareholders, 58, holdin g 1,307 shares. T ota l dividends
credited mem bers during the year on instalm ent shares, $7,258.83; rate,
6 3 /1 0 pm- cent.
N o unpaid w ithdraw als. A m ount o f shares m atured durin g th e year, $2,500.
M em bership fee, 50 cents. O perating expenses, as defined in section 390 o f the
Banking Law , incurred and paid durin g th e year, $637.49. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 6 per
cent. Prem ium paid b y b orrow in g mem bers, 10 cents per share per m onth.
L oans have been made in B ron x cou nty, N ew Y o rk State. L argest m ort­
gage loan outstanding, $9,500. M ortgages in force in N ew Y ork State,
$112,100. N o foreclosures du rin g th e year.

BROOME COUNTY
CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF BINGHAMTON,
NEW YORK
R oom 418 Secu rity M u tu al L ife B u ildin g, corn er Exchange and C ou rt streets,
B ingham ton, N . Y .
[ Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1886]

Names
H. D. WHITMABSH...............
FREDERICK J. BAUMANN..
CHARLES D. M A T T H E W S...
HENRY C. OLMSTBAD...........

Post-office addresses
Binghamton,
416 Security
Binghamton,
Binghamton,

ASSETS
L oa n s on bond and m o r t g a g e ...................... .
L oans on shares ................................................. .
Cash on hand and in b a n k .............................
F u rn itu re and fixtures .................................... .

N. Y.
Mut. l i f e Bidg.
N. Y.
N. Y.
$181,775
1 ,3 0 0
3 ,0 0 5
125

00
00
53
00

$186,205 53
LIABILITIES
Due shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................
Balance t o be paid borrow ers on m ortgage lo a n s .........................
B orrow ed m oney .......................................................................................
U ndivided profits .....................................................................................
G uaran ty fun d (as per section 392 o f B anking L a w ) ..................

$146,086
1 4 ,2 4 0
2 ,4 0 0
15,068
4 ,4 1 9
3 ,991

00
61
00
00
14
78

$186,205 53
RECEIPTS
Cash on hand Janu ary 1, 1 9 1 5 ..............................................................
D ues credited t o members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real esta te. .
lo a n s on shares r e p a i d ............................................................................
Fees received ................................................................................................
F ines r e c e iv e d ......... ....................................................................................
In terest received .......................................................................................
D ividends retained on w it h d r a w a ls ..............* ...................................
R efunds .........................................................................................................




$1 ,50 9
18,817
2 7 ,5 1 8
35 ,67 5
2 ,6 7 5
68
77
10,559
267
30

92
00
00
00
00
50
02
75
36
45

$ 97,198 00

71

B roome County
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
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 ......................
€ a sh dividends paid on incom e and accum ulative prepaid
shares ...........................................................
P aid borrow ed m oney and p rior m o r t g a g e s ....................................
P aid interest on borrow ed m oney and p rior m ortga ges...............
P aid salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta ge.............................................
P a id rent ......................................................................................................
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 ..............................................
M ortgage ta x and r e c o r d i n g .................
Cash on hand Decem ber 31, 1915 ......................

$42,950
2 ,0 5 0
2 4 ,3 7 6
1 ,8 9 4
4 ,2 8 0
16 ,75 0
655
750
17
120
63
13
30
241
3,0 05

00
001
00
39
39
00
98
00
03
00
72
46
00
50
53

$97,1 9 8 00
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1915, 2,1 47 ; shares issued du rin g the year, 302;
shares w ithdraw n durin g the year, 3 58; shares in force, 2,091. B orrow ing
members, 103, h oldin g 936 shares; non-borrow ing members, 88, holding
1,155 shares. Fem ale shareholders, 53, holding 610 shares. T ota l dividends
credited members during the year op instalm ent shares, $3,502.75; rate 5
per cent. T ota l dividends credited o r paid in cash t o members durin g the
year on other shares, $4,280.39; rate, 5 per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per incom e share; 25 cents
per instalm ent share. O perating expenses, as defined in section 390 o f the
Banking Law , incurred and paid du rin g the year, $917.03. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y borrow in g members, 6 per
cent. N o prem ium charged
Loans have been made in Broom e county, N ew Y ork State.
Largest
m ortgage loan outstanding, $5,500. M ortgages in force in N ew Y ork State,
$181,775. N o foreclosures du rin g th e year.

HOME MUTUAL LOAN AND SAVINGS ASSOCIATION OF BINGHAMTON,
NEW YORK
N o. 18 Court street, Bingham ton, N. Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1889]

Names
Post-office addresses
W. H. HECOX................................................ Binghamton, N. Y.
WILLIAM A. JOHNSON............................. Binghamton, N. Y.
W. P. SHERWOOD........................................ Binghamton, N. Y.
M. E. PAGE...................................................
Binghamton, N. Y.

ASSETS
Loans on bond and m ortgage ..............................................................
Loans on shares .........................................................................................
C ontracts fo r the sale o f real e s t a t e .................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k ................................................... .................
F u rn itu re and fixtures ............................................................................
Advances fo r taxes, insurance, etc.......................................................




$47,126
1,088
2 ,0 1 7
881
767
200
16

08
00
74
95
39
00
89

$52,098 05

72

R epoet on Savings and L oan A ssociations

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends c r e d it e d .................................................
Balance t o be pa id borrow ers on m ortgage loa n s.........................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................

$38,658
3 ,1 1 6
1,177
7 ,5 0 0
347
1 ,3 0 0

65
22
45
00
73
00

$52,0 9 8 05
BECEIPTS
Cash on hand J a n u a ry 1, 1 9 1 5 ............................................................
Dues credited to members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Interest received .......................................................................................
D ividends restained on w ith d raw a ls...................................................
R eal estate c o n t r a c t s ................................................................................

$323
6 ,0 0 0
4 ,0 0 0
7 ,1 01
10
1
2 ,7 9 1
10
3 ,0 7 7

39
75
00
46
00
25
92
16
19

$ 2 3 ,3 1 6 12
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s ..........................
Dues repaid on w ithdraw al, or applied on l o a n s ...........................
P a id m atured 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 borrow ed m oney and p rior m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s .............
P a id salaries and clerk-hire .................................................................
P a id advertising, prin tin g and postage ........................................
P aid ren t .......................................................................................................
P a id taxes, insurance, etc .....................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
Officers’ bonds ..............................................................................................
B u rgla ry insurance ...................................................................................
Insurance on furn itu re and fix tu res...................................................
M ortgage t a x ................................................................................................
T e ll e r s ..............................................................................................................
M ovin g office ..............................................................................................
Cash on hand December 31, 1915 ........................................................

$ 9 ,07 2
918
7 ,2 9 2
922
120

55
00
20
12
13

1 ,339
2 ,0 0 0
280
350
40
30
22
14
16
12
12
6
32
4
60
767

15
00
67
00
50
00
59
60
89
50
75
90
50
00
68
39

$23,3 1 6 12

P lan , permanent. P ar value o f
*100, $200, $300 and $500. In sta l­
m ents are 25 eents weekly.
Shares in force J anu ary 1, 1915, t
*res issued during th e year, 104;
shares w ithdraw n during the year,
ares in force, 593. B orrow in g
members, 12, h oldin g 114 shares; n
zing members, 76, h oldin g 479
shares. N o record o f fem ale sharehoi
ta l dividends credited members
du rin g the year on instalm ent shares, ..
• rate, 5 per Cent.
N o unpaid w ithdraw als.
A m oun t i
*es m atured du rin g the year,
$922.12. E ntrance fee, 25 cents per sh~
O perating expenses, as defined
in section 390 o f the Banking Law , incurred and paid du rin g the year, $517.33
U npaid, none.




n

Cattaraugus County

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 Broom e county, New Y ork State. Largest m ort­
gage loan outstanding, $3,500.
M ortgages in force in New Y ork State,
$47,126.08. N o foreclosures du rin g the year.

CATTARAUGUS COUNTY
GOWANDA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 25 M ain street, Gowanda, N. Y .
[Organized under Law of 1851.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1880]
Post-office addresses

HENRY R. GAENSSLEN..............................
FRANKLIN J. HBRDEG..............................
FRANKLIN J. HBRDEG..............................
FRED J. BLACKMON.....................................

ASSETS
Loans on bond and m ortgage ..............................................................
Loans on shares ...............................................
Stocks and bonds .......................................................................................
C ontracts fo r the sale o f real e s t a t e ...................................................
B eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
F urniture and fixtures .................................................................
Interest, prem ium , fees and fines due and u n p a i d ......................
Interest accrued .........................................................................................

Gowanda.
Gowanda,
Gowanda,
Gowanda,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

$664,746
28,493
43,787
5 ,7 8 3
5 ,5 0 0
56,078
850
802
3 ,8 34

92
40
53
07
00
34
00
33
24

$809,875 83
L IA B IL IT IE S

D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited .................................................
Undivided profits .....................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ....................
Expenses unpaid .......................................................................................

$730,500
40,049
27,931
11,300
94

77
70
24
00
12

$809,875 83
R E C E IP T S

Cash on hand Janu ary 1, 1 9 1 5 ...............................................................
Dues credited to members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares repaid ............................................................................
Fees received ................................................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
R en t received ..............................................................................................
D ividends retained on w ithdraw als ...................................................
Bonds sold ....................................................................................................
Real estate c o n t r a c t ..................................................................................

$46,773
6 0 4 ,4 2 0
5 ,0 0 0
6 6 ,44 0
35,038
418
29
40,929
140
1,137
2 ,9 8 5
171

34
83
00
90
69
75
15
41
00
32
09
00

$803,484 48
DISBU RSEM EN TS

Loaned on m ortgage ................................................................................
Lo&ned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, o r applied on l o a n s ...........................




$201,510 00
37,433 38
449,297 72

74

R eport oh Savings and L oah A ssociation

P a id m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ...................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m o r t g a g e s ....................................
P aid in terest on borrow ed m oney and p rior m o r t g a g e s ...........
P a id salaries 'land clerk-hire .................................................................
P a id advertising, p rin tin g and p o s t a g e .............................................
P a id repairs t o real e s t a t e .....................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessment .............................................
League dues ................................................................................................
Bonds purchased .......................................................................................
L ig h t and fu el ............................................................................................
. Office supplies ..................................................................
Books .............................................................................................................
Telephone .......................................................................................................
Cleaning ...........
Desk ................................................................................................................
M iscellaneous item s ...................................................................................
Cash on hand Decem ber 31, 1915 ..........................................................

$25, 030 19
6 ,3 83 87
11,995
5 ,0 0 0
61
2 ,5 9 6
203
180
158
76
47
15
6 ,0 0 0
138
49
67
61
38
25
37
5 6 ,07 8

26
00
00
00
95
00
19
40
74
50
00
41
72
10
64
85
00
22
34

$803,484 48
P lan , permanent. P a r value o f shares, $125. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1915, 7,073; shares issued du rin g the year,
1,675; shares w ithdraw n durin g the year, 1,211; shares in force, 7,537.
B orrow in g members, 269, holding 2,469 shares; non-borrow ing members,
859, holding 5,068 shares. Fem ale shareholders, 772, holding 2,592 shares.
T otal dividends credited members during the year on instalm ent shares,
$15,020.12; rate, 6 per cent. T otal dividends credited or paid in cash to
mem bers during the year on other shares $14,170.64; rate, 3 per cent, on
savings shares, 4 % per cent, on incom e shares, and 6 per cent, on prepaid
shares.
N o unpaid withdraw als.
A m oun t o f shares m atured durin g th e year,
$25,939.19. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid during the year,
$8,323.39. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred during the year and rem aining unpaid, $94.12.
Prem ium plan, instalm ent. Interest by borrow in g members, 6 per cent.
Prem ium paid by borrow in g members, 2 % cents per share per week.
Loans have been made in Cattaraugus, Chautauqua and E rie counties, New
Y o rk State. Largest m ortgage loan outstanding, $15,000. M ortgages in force
in N ew Y ork State, $664,746.92. N o foreclosures during the year.

OLEAN BUILDING, LOAN AND SAVINGS ASSOCIATION •
N o. 109 N orth street, Olean, N . Y.
[Organized under Law o f 1861.- Commenced business 1892]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Names
Post-office addresses
W. O. CURTISS...................................................... Olean,
N.Y.
P. V. R. STILLMAN............................................. Olean,
N.Y.
ALLAN B, WILLIAMS......................................... Olean,
N.Y.
CREIGHTON S. ANDREWS................................
Olean,
N.Y.

ASSETS
L oan s on bond and m o r t g a g e .........................
Loans and shares ............................................. .
C ontracts fo r the sale o f real e s t a t e .........




$ 4 8 ,5 0 0 00
2 ,5 0 0 65
1 ,6 5 8 02

75

Cattaraugus County
Cash on hand and in b a n k .....................................................................
Advances fo r taxes, insurance, etc. ...................................................
C ounty clerk ................................................................................................

$3 ,43 5 80
376
11 72
$56,109 95

LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends credited ...............................................
U ndivided p r o f i t s ........... ...........................................................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ..................

$ 4 5 ,8 7 0
6 ,9 8 5
904
2 ,3 5 0

55
04
36
00

$ 5 6 ,1 0 9 95
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares repaid ............................................................................
Fees received ................................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium received .....................................................................................
D ividends retained on w ithdraw als ...................................................
P aid on c o n t r a c t s .......................................................................................

$ 2 ,80 6
17,554
7 ,9 0 0
4 ,655
2 ,7 6 7
885
135
93

35
86
00
05
50
17
65
40
00

$36,797 98
DISBURSEMENTS
Loaned on m o r t g a g e ..................................................................................
Loaned on s h a r e s ......... .............................................................................
Dues repaid on w ithdraw al, or applied on lo a n s.............................
P a id m atured 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
s h a r e s ................
P aid salaries and clerk -h ire...........................................................
P a id advertising, p rin tin g and p osta ge...............................................
P aid rent .......................................................................................................
P a id banking departm ent, exa m in a tion ............................................
P a id banking departm ent, assessm ent.................................................
Advances fo r taxes, insurance, e t c ........................................................
M ortgage t a x ................................................................................................
[R e co rd in g .......................................................................................................
C ounty clerk ................................................................................................
Cash on hand December 31, 1915 ..........................................................

$ 8 ,4 0 0
3 ,7 0 2
12 ,83 0
6 ,1 4 9
714

00
30
70
27
97

182
950
198
120
46
4
1
38
14
7
3 ,4 35

93
00
81
00
49
96
41
50
28
56
80

$36,797 98
P lan , permanent. P a r value o f shares, $100. Instalm ents are 20 cents
weekly.
Shares in force Janu ary 1, 1915, 1,566; shares issued durin g the year, 346;
shares w ithdraw n du rin g the year, 39 8 ; shares in force, 1,514. B orrow ing
members, 42, holding 485 shares; non-borrow ing members, 268, h old in g 1,029
shares.
Fem ale shareholders, 162, h oldin g 875 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $1,998.53; rate, 5
per cent. T o ta l dividends credited or paid in cash to members during the
year on oth er shares, $269.37; rate, 3 % per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during the year, $14,051.04. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and paid du rin g th e year, $1,283.09. U npaid, none.




76

R eport on Savings and L oan A ssociations

P rem ium plan, instalm ent. In terest paid b y b orrow in g members, 10 cents
per share per week. Prem ium paid b y harrow ing mem bers, 15 cents per share
per month.
Loans have been m ade in Cattaraugus county, New Y ork State. L argest
m ortgage loan outstanding, $4,000. M ortgages in force in N ew Y o rk State,
$48,500. N o foreclosures durin g the year.

SALAMANCA LOAN AND BUILDING ASSOCIATION
N o. 10 A tla n tic street, Salam anca, N . Y .
(Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1882]

Names
Post-office addresses
ED. BOsLARD.................................................
Salamanca, N. Y.
JOHN HOAG.................................................
Salamanca, N. Y.
E. P. HOY........................................................ Salamanca, N. Y.
HUDSON ANSLEY....................................... Salamanca, N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
C a d i on hand and in b a n k ........................................................................
F u rn itu re and f ix t u r e s ..............................................................................
Advances fo r taxes, insurance, e t c ........................................................
A t t o r n e y .........................................................................................................

$523,750
2 ,5 6 7
100
55
.00

00
77
00
85
40

$526,534 02
LIABILITIES
Due shareholders, dues ............................................................................
D ue shareholders, m atured sh a res___ ; ..............................................
D ue shareholders, dividends cred ited .................................................
B alance t o be paid borrow ers on m ortgage lo a n s ...........................
Borrow ed m o n e y .....................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ............................................................

$404,076
250
66 ,04 1
1 ,8 5 0
2 8 ,3 9 7
81
10,341
15,496

17
00
03
00
24
38
58
02

$526,534 02
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
R eal estate s o l d ............................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d ................................................................
D ividends retained on w ith d raw a ls...............................
A dvances repaid .........................................................................................

$ 1 2 ,2 3 9
127,565
4 8 ,20 0
73 ,51 9
2 ,8 2 3
222
2 4 ,5 5 6
5 ,5 27
579
77

95
65
00
00
85
02
44
50
84
25

$296,311 50
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
D ues 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 aid borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges................
P a id fo r real e s t a t e ...................................................................................




$93,025
21 ,29 1
9 7 ,3 7 5
8 ,6 5 7
6 3 ,5 3 0
3 ,5 7 0
2 ,8 2 3

00
33
00
42
48
50
85

V7

Chautauqua County
P aid salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge...............................................
P aid r e n t ........................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, e t c ........................................................
State League dues ....................................................................................
Prem ium refunded .....................................................................................
L e d g e r s ............................................................................................................
In s u r a n c e ........................................................................................................
T e le p h o n e .......................................................................................................
G a s ....................................................................................................................
C le a n in g ..........................................................................................................
Internal revenue sta m ps........... ................................................................
S u p p lie s ..........................................................................................................
M iscellaneous item s ..................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 1 ,2 0 0 00
60 06
216 00
59 70
57 51
99 95
1500
550 22
50 00
16 00
16 00
15 90
13 00
14 00
65 35
41 46
2 ,5 6 7 77
$295,311 50

Plan, serial. P a r value of shares, $125. Instalm ents are 25 cents weekly.
Shares in force Janu ary 1, 1915, 8,598; shares issued during the year, 1,151;
shares w ithdraw n durin g the year, 1,156; shares in force, 8,593. B orrow ing
members, 338, holdin g 3,972 shares; non-borrow ing members, -535, holding
4,621 shares. Fem ale shareholders, 501, holding 2,983 shares. T otal divi-.
dends credited members during the year on instalm ent shares, $22,599.87;
rate, 6 per eent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year, $97,375. Operating expenses, as defined in section 390 o f the B anking Law,
incurred and paid during the year, $1,722.77. Unpaid none.
Prem ium plan, gross. Interest paid by borrow in g members, 6 per cent.
Prem ium paid by borrow in g members, 6 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,
$523,750. One foreclosure durin g the year.

CHAUTAUQUA

COUNTY

DUNKIRK SAVINGS AND LOAN ASSOCIATION
N o. 229 Central Avenue, D unkirk, N. Y.
[Organized under Law of 1851. Commenced business 1889]
Officers
President.
Secretary.
Treasurer
Attorney.

Names
WILLIAM BOOKSTAVER..
WILLIAM T. M ADIGAN..
JAMES M. MADIGAN.........
WILLIAM BOOKSTAVER.

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




Post-office addresses
229 Central Avenue.
229 Central Avenue.
Merchants National Ban’:.
229 Central Avenue.

$2 2 9,7 5 0
2 ,2 5 0
2 ,0 7 5
6 ,189
37

00
00
12
00
88

$240,302 00

78

R epoet on Savings and L oan A ssociations

LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w ) ..................

$211,492
2 0 ,0 1 9
1,6 00
3 ,0 5 6
4 ,1 3 3

46
15
00
93
46

$ 2 40,302 00
R E C E IP T S

D ues credited t o 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 r e p a i d ............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
R en t r e c e iv e d ................................................................................................
D ividends retained on w ith draw a ls......................................................
Advances repaid .........................................................................................

$97,579 34
15,000 00
3 8 ,10 0 00
1 ,6 10 00
538 46
186 19
11,282 73
84 00
585 28
5 50
$164,971 50

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
D ues 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, o r 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 p rior m ortga ges................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge...............................................
P a id rent .......................................................................................................
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 a id banking departm ent, assessm ent..........................................
A dvances fo r taxes, insurance, e t c ........................................................
S tate League dues .....................................................................................
O v e r d r a ft ........................................................................................................
Telephone, lig h t and c l e a n i n g ...............................................................
V a u lt rent .....................................................................................................
B ook s and s t a t io n e r y ................................................................................
Cash on hand December 31, 1915..........................................................

$ 4 7 ,4 5 0
1 ,9 4 0
5 3 ,9 3 0
3 3 ,76 8
2 ,5 1 2
1 7,000
148
1,473
24
75
28
23
61
16
29
7
135
29
20
107
6 ,1 8 9

00
00
42
05
36
00
98
11
50
00
67
79
12
79
75
60
81
45
00
10
00

$164,971 50
P lan, serial. P a r value o f shares, $100. Instalm ents are 25 cents w eekly. '
Shares in force J anu ary 1, 1915, 6,410; shares issued du rin g the year,
2,178; shares w ithdraw n du rin g the year, 1,762; shares in force, 6,826. B or­
row in g members, 279, holding 2,373 sh a res; non-borrow ing members, 1,122,
h oldin g 4,453 shares. Fem ale shareholders, 704, holding 2,812 shares. T ota l
dividends credited members du rin g the year on instalm ent shares, $9,862.39;
rate, 4.88 per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured durin g the year, $33,768.05. Entrance fee, 25 cents per share. O perating expenses, as defined in
section 390 o f the Banking Law , incurred and paid durin g th e year,
$1,736.76. U npaid, none.
N o prem ium plan. In terest paid by b orrow in g members, 10 cents p er share
per week. N o prem ium charged.




79

Chautauqua County

Loans have been made in Chautauqua county, New Y o rk State. Largest
m ortgage loan outstanding, $5,000. M ortgages in force in New Y ork State,
$220,750. N o foreclosures during the year.

LAKE SHORE SAVINGS AND LOAN ASSOCIATION
N o. 18 East Second street, D unkirk, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1891]

Names
DANIEL SCANNBLL........................
JOHN J. MADIQAN........................
CHESTER C. COOLEY....................
J. L. HURLBERT.............................

Post-office addresses
211Park Avenue.
<113West Fourth Street.
325Eagle Street.
18
East Second Street.

ASSETS
Loans on bond and m ortg a g e..........................................................
Cash on hand and in b a n k .......................................................................
Advances fo r taxes, insurance, e t c ........................................................

$192,215 04
6,121 19
60 60
$198,396 83

LIABILITIES
Due shareholders, dues ............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ..................

$163,016
30,293
1,594
3 ,492

44
66
48
25

$198,396 83
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues 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 received .........................................................................................
Advances repaid .........................................................................................

$1,349
41,740
10,000
16,506

64
86
00
00
1 7 1 50
260 18
9 ,8 99 21
8 10

$79,935 49
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
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 borrow ed m oney and p rior 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 r e n t ......................................................
P a id banking departm ent, exa m in a tion ............................................
P aid banking departm ent, assessm ent.................................................
Advances fo r t a x e s ....................................................................................
State League dues ....................................................................................
H oldu p insurance .......................................................................................
N igh t w atchm an .........................................................................................
Cash on hand December 31, 1915..........................................................




$7,951
27,372
7 ,0 52
4 ,247
26 ,00 0
424
610
11
20
30
15
59
6
7
6
6.121

00
28
50
15
00
21
00
80
00
62
37
62
00
60
25
19

$79,935 49

80

R eport on Savings and L oan A ssociations

Plan, permanent-serial. P a r value o f shares, $100. Instalm ents are 10
cents weekly.
Shares in foree January 1, 1915, 8,237; shares issued during the year, 1,705;
shares w ithdraw n durin g th e year, 1,666; shares in force, 8,286. B orrow in g
mem bers, 157, holding 2,707 shares; non-borrow ing members, 435, holdin g
5,579 shares. Fem ale shareholders, 201, h oldin g 2,342 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $8,745.55; rate, 5
per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g th e year, $7,052.50. Entrance fee, 10 cents per share. O perating expenses, as defined in
section 390 o f the Banking Law , incurred and paid du rin g the year, $661.55.
U npaid, none.
N o prem ium plan. Interest paid by borrow in g members, 5 % per cent. N o
prem ium charged.
Loans have been made in Chautauqua county, N ew Y ork State. Largest
m ortgage loan outstanding, $7,252. M ortgages in force in New Y ork State,
$1923215.04. N o foreclosures du rin g the year.

SILVER CREEK CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 10 M ain street, S ilver Creek, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

under la w of 1894. Commenced business 1909]
Names
Post-office addresses
C. 8. HOLMES........................................... Silver Creek, N. Y.
W. J. BRAND.............................................
Silver Creek, N. Y.
HOWARD M. MONTGOMERY...............
Silver Creek, N. Y.
CARLTON B. LIVERMORE.................... Silver Creek. N. Y.

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

$44,6 6 4 56
730 00
835 21
$ 46,229 77

LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ....................

$41,284
3 ,4 2 2
1,201
321

75
18
68
16

$46,2 2 9 77
RECEIPTS
Cash on hand January 1, 1915...............................................................
D ues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
L oan s o n shares r e p a i d ............................................................................
Fees received ................................................................................................
F ines received ..............................................................................................
In terest received ............................................................................ ’ ...........

$ 3 ,27 8 67
18,722 79
6 ,0 0 0 00
9 ,5 5 0 82
1 ,2 9 0 00
71

so

4 0 19
2 ,4 9 0 34
$ 4 1 ,4 4 4 31

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned o n s h a r e s .......................................................................................
D ues rep aid on w ith draw al, o r applied on lo a n s ...........................




$ 1 4 ,7 5 0 82
540 00
17 ,82 0 04

Chemung County

81

D ividends paid on w ithdraw al, or applied on loa n s....................
$911 35
Cash dividends paid on income and accum ulative prepaid shares
12917
P aid borrow ed m oney and prior m ortga ges......................................
6 ,0 0 0 00
P aid interest on borrow ed m oney and p rior m ortgages................
199 86
P a id salaries and elerk-hire...................................................................
150 50
8 19
P a id advertising, printing and p osta ge............................................
P a id rent ......................................................................................................
26 00
P a id banking departm ent, exam ination ..........................................
23 00
Paid banking departm ent, assessm ent.................................................
4 13
Officers’ bonds .............................................................................................
12 00
Advances fo r taxes, insurance, e t c ........................................................
72
M ortgage ta x and record in g...................................................................
28 52
M inute b o o k ..................................................................................................
4 00
Internal revenue s t a m p s .......................................................................................
Cash on hand December 31, 1915..........................................................
835 21
$ 41,444 31
Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1915, 1.115; shares issued during the year, 301;
shares w ithdraw n during the year, 4 02; shares in force, 1,014. B orrow ing
members, 22, holding 317 shares; non-borrow ing members, 204, holding 697
shares. Fem ale shareholders, 55, holding 268 shares. T otal dividends credited
members during the year on instalm ent shares, $1,627.05; rate, 5 % per cent.
T ota l dividends credited or paid in cash to members during the year on other
shares, $129.17; rate, 5 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
durin g the year, $230.01. Unpaid, none.
N o premium plan. Interest paid b y borrow in g members, 5 % per cent. 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,
$44,664.56. One foreclosure during the year.

CHEMUNG COUNTY
THE CHEMUNG VALLEY MUTUAL LOAN ASSOCIATION
No. 121 East Church Street, E lm ira, N . Y.
[Organized under Law of 1851.
Officers
President.
Secretary.
Treasurer
Attorney.

Commenced business 18T5. Reorganized under
Law of 1894]
Names
Post-office addresses
410 W. Gray Street.
OLAY W. HOrLMES.........
GEORGE H. DAVIDSON.
121 East Church Street.
MILTON Y. SMITH.........
Second National Bank.
511 Robinson Bldg.
CASSIUS A. PHILLIPS.

ASSETS
Loans on bond and m ortg a g e................................................................... $ 1 ,5 8 0 ,6 2 7
Loans on shares .........................................................................................
79 ,80 0
R eal e s t a t e ....................................................................................................
1,5 13
Cash on hand and in b a n k .......................................................................
52,925
Furniture and fixtures ............................................................................
948
Instalm ents due and u n p a id .....................................................................
4 ,0 2 9
Interest, prem ium , fees and fines due and u n p a id ...........................
775
Advances fo r taxes, insurance, e t c ........................................................
1,688




43
00
78
80
75
29
75
13

$ 1 ,7 2 2 ,3 0 8 93

80

82

K eport oh Savings and L oan A ssociations

LIABILITIES
D ue shareholders, dues ............................................................................ $ 1 ,4 3 6 ,4 7 1
D ue shareholders, dividends cred ited .................................................
193,816
B alance to be pa id borrow ers on m ortgage lo a n s ..........................
1 ,6 00
B orrow ed m oney .......................................................................................
60 ,00 0
U ndivided profits ................................................. ._...................................
1 ,2 50
2 5 ,0 8 5
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................
Instalm ents p r e p a i d ....................................................................
2 ,8 8 8
26
In terest prepaid ............................................
Interest on borrow ed m on ey...................................................................
269

80
35
00
00
36
58
41
70
73

$ 1 ,7 2 2 ,3 0 8 93
RECEIPTS
C a d i on hand January 1, 1915 ............................................................
D ues credited t o members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Loans on shares repaid ..........................................................................
R eal estate s o l d ............................................................................................
Pees r e c e iv e d ................................................................................................
Fines received ..............................................................................................
In terest received .......................................
R en t received ..............................................................................................
D ividends retained on w ith d r a w a ls ......................................................
Advances repaid .........................................................................................
Juvenile banks sold ..............................................

$32,450
408,113
5 7 ,0 0 0
102,364
3 3 ,6 5 0
727
1 ,0 6 0
923
8 2 ,52 5
22
1 ,2 3 2
1,0 60
12

02
81
00
51
00
20
00
01
29
00
31
86
00

$721,141 01
DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on shares .......................................................................................
D ues repaid on w ithdraw al, or applied on l o a n s ...........................
P a id m atured s h a r e s .................................................................................
D ividends pa id on w ithdraw al, or applied on l o a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p rio r m ortga ges................
P a id fo r real estate .................................................................................
P a id salaries and c le r k - h i r e ...................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id reh t .......................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent.................................................
A dvances fo r taxes, insurance, etc....................*...................................
A pp raisals .....................................................................................................
F u rn itu re, fixtures, e t c . ............................................................................
J uvenile banks r e t u r n e d ..........................................................................
M iscellaneous item s ...................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$22 1,3 4 0
6 1 ,7 5 0
2 0 2 ,5 3 0
113,000
11,767

00
00
04
00
90

16,081 06
3 0 ,00 0 00
3 ,6 8 8 64
1 ,1 3 9 59
4 ,0 7 0 00
187 12
700 00
98 00
I l l 79
1 ,0 82 18
360 00
63 75
1800
227 14
52,925 80
$721,141 01

P lan , serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1915, 17,323; shares issued during the year,
3,293; shares w ithdraw n du rin g the year, 2,467; shares in force, 18,149.
B orrow in g members, 1 £ 1 3 , h oldin g 10,298 shares; non-borrow ing members,
891, holding 7,851 shares. Fem ale shareholders, 1,051, holdin g 6,896 shares.




83

Chemung County

T otal dividends credited members during the year on instalm ent shares,
$53,780.01, rate 5 % per cent. T ota l dividends credited or paid in cash to
members du rin g the year on other shares, $18,186.89; rate, 4 per cent.
N o unpaid w ithdraw als.
A m ount o f shares matured during the year,
$112,400. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law, incurred and paid during the year,
$5,544.26. U npaid none.
Prem ium plan, gross. Interest paid by borrow ing members, 5 1 /1 0 per
cent.
N o prem ium charged.
Loans have been made in Chemung county, N ew Y ork State. Largest
m ortgage loan outstanding, $25,000. M ortgages in force in New Y ork State,
$1,580,627.43. T w o foreclosures during the year.

ELMIRA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 157 Lake Street, E lm ira, N. Y.
Organized under Law o f 1887.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Names

Commenced business 1888]
Post-office addresses

HENRY L. ROSENBAUM..................................
HENRY M. CLARKE...........................................
HENRY M. CLARKE...........................................
HERSCHEL L. GARDNER................................

ASSETS
Loans on bond and m ortgage ..............................................................
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 i d ........................
Advances fo r taxes, insurance, e t c . ......................................................

Elmira,
Elmira,
Elmira,
Elmira,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

$ 3 77,000
2 1 ,00 0
12,176
300
1,479
1,141
194

00
00
72
00
0o
22
38

$413,291 32
LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends credited .................................................
Balance t o be paid borrow ers on m ortgage l o a n s .........................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L aw ) ..............

$359,922
45,345
500
545
6 ,9 7 8

00
58
00
74
00

$413,291 32
RECEIPTS
Cash on hand Janu ary 1, 1 9 1 5 ............................................................
Dues credited to members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeem ed( foreclosed or transferred t o real e s t a t e ..
Loans on shares repaid .........................................................................
B eal estate sold .........................................................................................
Fees received .............................................................................................
Fines received ......................
Interest received .........................................................................................
D ividends retained on w it h d r a w a ls ...................................................
Advances repaid .........................................................................................
Juvenile banks s o l d ..................................................................................




$7 ,75 9 48
93,085 94
10,000 00
4 3,200 00
23 ,75 0 00
50 00
213 00
180 93
20 ,60 7 14
259 93
7970
4 00
$199,190 12

84

R epobt on Savings and L oan A ssociations

DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on s h a r e s .......................................................................................
Dues pa id on w ithdraw al, o r applied on lo a n s ...............................
P a id m atured s h a r e s ........... ,....................................................................
D ividends pa id -on w ithdraw al, o r 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 p rior m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s ..............
P a id salaries and e le r k -h ir e ...................................................................
P a id advertising, prin tin g and postage ...........................................
P a id 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, etc.......................................................
State League dues and expenses ..........................................................
A u d itin g and appraising ........................................................................
B u rgla ry and hold-up in s u r a n c e ..........................................................
F u rn itu re and fixture in s u r a n c e ..........................................................
Telephone .......................................................................................................
A dding m achine ..........................................................................................
Juvenile banks re d e e m e d ..........................................................................
A dvanced interest r e f u n d e d ........... .......................................................
Office supplies ..............................................................................................
Cash on hand December 31, 1915 ........................................................

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

00
00
16
00
72

3 ,8 7 0
2 0 ,0 0 0
385
1 ,806
121
106
20
20
101
25
144
39
8
24
171
126
65
21
12,176

86
00
42
00
86
14
35
00
36
62
00
37
55
00
50
00
30
19
72

$ 1 99,190 12
Plan serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1915, 5,868; shares issued during the year,
1,227; shares w ithdraw n durin g the year, 1,166; shares in force, 5,929.
B orrow in g members, 270, h olding 2,492 shares; non-borrow ing members, 336,
holdin g 3,437 shares. N o record o f fem ale shareholders. T ota l dividends
credited members during the year on instalm ent shares, $13,367.45; rate,
4 % per cent. T otal dividends credited or paid in cash to members during the
year on other shares, $4,302.53; rate, 4 per cent.
N o unpaid withdrawals.
A m ount o f shares m atured during the year,
$22,200. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law , incurred and paid during the year,
$2,210.59. Unpaid, none.
Prem ium |>lan, gross. Interest paid by borrow in g members, 5 1 /1 0 per cent.
N o prem ium charged.
Loans have been made in Chemung county, New Y ork State.
Largest
m ortgage loan outstanding, $8,900. M ortgages in force in New Y ork State,
$376,500. N o foreclosures during the year.

THE ELMIRA MUTUAL BUILDING-LOAN ASSOCIATION
N o. 258 State Street, E lm ira, N. Y.
[Organized under Law of 1892.
Officers
Names

Commenced business 1893]
Post-office addresses
258 State Street.
Secretary..................... CHAS. J. DaLANEY. .
ASSETS
$ 6 ,15 6 52
Loans on bond and m o r t g a g e .........................
5,7 01 94
Cash on hand and in b a n k .............................
21 67
Advances fo r taxes, insurance, etc.................
2 ,1 2 2 62
P rofit and loss ....................................................




$14,0 0 2 75

C henango Cotjnty

85

LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends credited .................................................
D ue shareholders, distribution o f assets ..........................................

$8 ,31 6 61
2 ,361 65
3 ,3 2 4 49
$14,002 75

RECEIPTS
Cash on hand J anu ary 1, 1915 ............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Interest received .................
A dvances repaid .........................................................................................
B eal estate c o n t r a c t s ................................................................................
Furn itu re and fixtures sold ...................................................................

$6 ,91 8
25
4 ,8 0 0
453
30
658
77

89
00
00
26
65
38
50

$12,963 68
DISBURSEMENTS
P aid salaries and c le r k -h ir e ...................................................................
P a id advertising, prin tin g and p o s t a g e ............................................
P aid rent ....................................................................................................
P a id banking departm ent, e x a m in a tio n .............................................
P aid banking departm ent, a s s e s s m e n t...............................................
P a id shareholders, distribution o f assets ........................................
C ounty elerk and n otary’ s feees ..........................................................
C ollection and exchange .........................................................................
T raveling expense ..............................
Sundries .........................................................................................................
Cash on hand December 31, 1915 ........................................................

$180
10
20
26
4
6 ,9 5 6
6
40
13
3
5,701

00
53
20
50
01
04
95
41
60
50
94

$12,963 68
Plan, serial. P ar value o f shares, $100. Instalm ents are 50 cents and $1
m onthly.
Shares in force January 1, 1915, 1 ,3 7 3 % ; shares issued durin g the year,
n on e; shares w ithdraw n during th e year, n on e; shares in force, 1,373% .
B orrow ing members, 2, holding 50 shares; non-borrow ing members, 135,
holdin g 1,323% shares. Fem ale shareholders, 13, holdin g 124 shares.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f the
Banking Law , incurred and paid during the year, $268.24. U npaid, none.
Prem ium plan, prem ium -interest.
Interest paid b y borrow in g members,
6 per cent. Prem ium paid b y b orrow in g members, 1% per cent.
Loans have been made in E rie and N iagara counties, New W ork State.
L argest m ortgage loan outstanding, $2,800.
M ortgages in force in New
Y o rk State, $6,156.52. N o foreclosures during the year.

CHENANGO COUNTY
THE CHENANGO CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
OF NORWICH, N. Y.
N o. 182 Broad Street, N orw ich, N. Y.
[Organized under Law o f 1887.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney.....................




Commenced business 1888]

Names
Post-office addresses
P. JOE SCHORN............................................... Norwich,
N.Y.
CHARLES C. M cNITT.....................................
Norwich,
N.Y.
A. J. BRAMBR...................................................
Norwich,
N.Y.
IRA H. HYDE..................................................... Norwich,
N.Y.

86

R epoet oh Savings and L oan A ssociations
assets

Loans on bond and m ortgage ..............................................................
Loans on s h a r e s ............................................................................................
Shares o f L and Bank o f S tate o f New Y o r k ....................................
R ea l estate ........................................................ ..........................................
Cash on hand and in b a n k .................... .................................................
F u rn itu re and fixtures ............................................................................
Advances fo r taxes, insurance, etc.......................................................

$287,582
19,642
1 ,0 0 0
10,300
5 ,3 6 9
1,062
47

98
00
00
00
23
67
15

$325,004 03
LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends credited .................................................
B alance t o be paid borrow ers on m ortgage l o a n s .........................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d {as per section 392 o i Banking L a w ) ..................

$254,554
4 2,621
1 ,7 2 5
16,500
2 ,8 3 8
6 ,7 6 3

58
71
25
00
54
95

$ 3 25,004 03
•
RECEIPTS
Cash on hand Janu ary 1, 1 9 1 5 ............................
D ues credited t o mem bers .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares r e p a i d .......................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
R en t received ..............................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances repaid .........................................................................................
Pass b o o k s ....................................................................................................

$3 ,89 3
74 ,31 8
2 7 ,2 0 0
5 2 ,50 2
12,655
44
24
17,759
515
601
24
21

80
46
00
45
00
50
21
88
33
57
45
75

$189,561 40
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned o n shares ................................................. .....................................
D ues repaid on w ithdraw al, or applied on lo a n s .............................
P a id m atured s h a r e s .................................................................................
D ividends paid on w ithdraw al, or applied on l o a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortgages ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s .............
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, p rin tin g and p o s t a g e .................................... . . .
P a id repairs t o real e s t a t e ................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, e x a m in a tio n .............................................
P aid banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, etc..................................................
Shares o f Land Bank .......................................
In terest on advanced d u e s ........................................................................
Coal ..................................................................................................................
F u rn itu re and fixtures ............................................................................
Cash on hand December 31, 1915 ..........................................................




$63,3 5 0
11,254
6 0 ,71 4
2 5 ,5 8 8
4 ,0 7 9

75
00
94
00
33

1 ,8 0 8
1 4,200
273
1 ,1 40
359
78
74
46
23
20
1 ,0 0 0
53
93
35
5 ,3 6 9

04
00
14
00
73
92
24
06
12
45
00
23
22
00
23

$189,561 40

87

Columbia County

Plan, serial. P a r value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1915, 2,965; shares issued during the year,
5 0 2 ; shares w ithdraw n durin g the year, 5 16; shares in force, 2,951. B orrow ­
in g members, 261, holding 1,464 shares; non-borrow ing members, 254, holding
1,487 shares. Fem ale shareholders, 180, holding 924 shares. T ota l dividends
credited members during the year on instalm ent shares, $11,616.91 rate, 6
per cent. T ota l dividends credited or paid in cash to mem bers du rin g the
year on other shares, $3,495.71; rate, 4 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$25,588. Mem bership fee, 50 cents. Operating expenses, as defined in sec­
tion 390 o f the Banking Law, incurred and paid during the year, $1,592.95.
Unpaid, none.
N o prem ium plan. Interest paid by borrow in g 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, $4,700.
M ortgages in force in New Y ork State,
$287,582.98. One foreclosure during th e year.

COLUMBIA COUNTY
HUDSON SAVINGS AND LOAN ASSOCIATION
No. 346 W arren street, Hudson, N. Y.
[ Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1910. Commenced business 1911]
Names
Post-office addresses
DELBERT DINBHART
Hudson, N. Y.
Hudson, iN. Y.
E. C. VAN LOAN.........
Hudson, N. Y.
E. C. VAN LOAN.........
Hudson, N. Y.
L. R. TILDEN...............

ASSETS
Loans on bond and m ortga ge......................
Loans on shares .................................................
Gash on hand and in b a n k .............................
Furniture and fixttires ...................... .............

$49,478
490
74
15

50
00
94
00

$50,058 44
LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends credited .................................................
Borrow ed money .......................................................................................
Undivided profits .....................................................................................
Guaranty fund (as per section 392 o f Banking L a w ) ..................

$41,551
3 ,298
4 ,2 0 0
767
242

00
19
00
04
21

$50,058 44
RECEIPTS
Cash on hand January 1, 1915 ............................................................
Dues credited to members .....................................................................
Money borrow ed .........................................................................................
M ortgage redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Fines received ...........................................................................................
Interest received .........................................................................................
Dividends retained on w ithdraw als ...................................................
Transfer f e e s ............................




$39
13,287
10,150
1,261
455
50
32
2 ,365
68
3

68
00
00
25
00
75
36
84
44
00

$27,713 32

88

R epost on Sayings and L oan A ssociations

DISBUBSEMENTS
Loaned on m o r t g a g e ................................................................................
Loaned on shares .......................................................................................
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 ......................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p r io r m ortga ges....................................
P a id in terest cm borrow ed m oney and p rior 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 o s t a g e .................
P a id banking departm ent, assessment .............................................
Officers’ bonds ..............................................................................................
A u d itin g .........................................................................................................
S a fe ................................................................................................................
M ovin g and repairing s a f e .....................................................................
Inspectors o f e le c t io n ................................................................................
In tern al revenue s t a m p s ..........................................................................
Cash on hand December 31, 1915 ............................

$15,3 3 4
845
3 ,2 8 4
187

75
00
00
84

63
7 ,6 0 0
91
125
47
3
12
20
15
4
2
2
74

75
00
92
00
02
52
00
00
00
00
00
58
94

$ 2 7 ,7 1 3 32
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1915, 1,040; shares issued du rin g the year,
2 0 3 ; shares w ithdraw n during the year, 115; shares in force, 1,128. B orrow ­
in g members, 30, h oldin g 331 shares; non-borrow ing members, 170, holdin g
797 shares. Fem ale shareholders, 38, h oldin g 181 shares. T ota l dividends
credited mem bers du rin g the year on instalm ent shares, $1,639.27; rate,
4 % per cent. T ota l dividends credited o r paid in cash to members du rin g
the yea r on other shares, $67.50 rate, 4 % per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $212.60. U npaid, none.
N o prem ium plan. Interest V n d by b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in Colum bia and D utchess counties, New Y ork State,
L a rgest m ortgage loan outstanding, $5,000. M ortgages in force in New Y ork
S tate, $49,478.50. N o foreclosures during the year.

STUYVESANT FALLS BUILDING AND LOAN ASSOCIATION
Stuyvesant F alls, N . Y .
[Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1881]

Names
JAMES R. HUGHES.......................
M. J. DUNHAM.................................
WILLIAM CULLEN..........................
WILLIAM GRAF...............................

Post-office addresses
Stuyvesant Falls, N. Y.
Stuyvesant Falls, N. Y.
Stuyvesant Falls. N. Y.
Kinderhook, N. Y.

ASSETS
Loans on bond and m o r t g a g e .........................
Loans on shares .................................................
Cash on hand and in b a n k .............................

$13,425 00
1,725 00
13 36
$15,1 6 3 36

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................




$11,565 00
2 ,4 4 9 83

89

Columbia County
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fund {a s per section 392 o f Banking L aw ) ................

$815 00
321
330 32
$15,163 36

RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest r e c e iv e d .........................................................................................
D ividends retain® ! on w ithdraw als ...................................................

$74 11
2 ,6 7 3 00
3,1 75 00
400 00
185 00
9 00
7 91
870 03
891
$ 7 ,40 2 96

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
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 borrow ed m oney and prior m o r t g a g e s ..............................
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 p o s t a g e ...........................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, a s s e s s m e n t..............................................
Cash on hand Decem ber 31, 1915 ........................................................

$2 ,90 0
1,125
384
404
44
2 ,3 6 0
101
50
5
11
1
13

00
00
00
94
58
00
82
00
53
90
83
30

$ 7 ,40 2 96
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly
Shares in force January 1, 1915, 193; shares issued d u rin g the year, 4 6 ;
shares w ithdraw n during the year, 17; shares in force, 222. B orrow in g mem­
bers, 19, holding 122 shares; non-borrow ing members, 26, h oldin g 100 shares.
Female shareholders, 13, holding 61 shares. T otal dividends credited mem­
bers during the year on instalm ent shares, $693.90; rate, 6 per cent.
N o unpaid w ithdraw als.
A m ount o f shares matured du rin g the year,
$404.94.
M em bership fee, $1. O perating expenses, as defined in section
390 o f the B anking Law , incurred and paid during the year, $55.53. Unpaid
none.
N o prem ium plan. Interest paid by borrow in g members, 6 per cent. No
prem ium charged
Loans have been made in C olum bia and Rensselaer counties, New Y ork
State. L argest m ortgage loan outstanding, $1,800. M ortgages in foree in
New Y o rk State, $13,425. N o foreclosures durin g the year.




90

R eport on Savings and L oan A ssociations

CORTLAND COUNTY
THE CENTURY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
E ast M ain street, M arathon, N . Y .
[Organized under Law o f 1894.
Officers
President....................
Secretary.....................
Treasurer...................

Commenced business 1895]

Names
Post-office addresses
FRED H. SW IFT........................................... Marathon, N. Y.
A. C. BAKER.................................................
Marathon, N. Y.
B. L. COURTNEY........................................... Marathon, N. Y.

ASSETS
Loans on bond and m ortgage ...............................................................
Loans on shares .........................................................................................
Cash on hand and in bank ...................................................................
F u rn itu re and f ix t u r e s ..............................................................................
A dvances fo r insurance ..........................................................................

$22,925
1 ,1 8 0
1,415
11
5

00
00
12
20
00

$25,538 32
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .....................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................... ^...........................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ..................

$ 19,528
2 ,3 3 4
3 ,1 5 0
72
450

71
15
00
89
57

$25,536 32
RECEIPTS
Cash on hand J anu ary 1, 1915...............................................................
D ues credited to m em bers..........................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
L oans on shares r e p a i d ............................................................................
Fees received ................................................................................................
F ines received ..............................................................................................
In terest r e c e iv e d ..................................................................................
D ividends retained on w ith d raw a ls......................................................
A ttorn ey’s f e e s ..............................................................................................

$519
5 ,8 3 3
2 ,4 0 0
1 ,0 0 0
135
29
7
1 ,2 7 0
5
4

03
15
00
00
00
00
70
35
92
95

$ 1 1 ,2 0 5 10
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares ..................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured s h a r e s ................................................................................
D ividends paid on w ith draw 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 p rior m ortga ges................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e...............................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r in su rance..............................................................................
A ttorn ey’s f e e s ..............................................................................................
M ortga ge t a x ................................................................................................
In tern a l revenue sta m p s..........................................................................




$1 ,70 0 00
600 00
744 00
4 ,8 1 4 40
68 07
1 ,650 00
198 39
150 00
210
36 58
2 66
5 00
5 95
9 00
1 08

91

Cortland County
Telepftone ......................................................................................................
Safe deposit b ox .........................................................................................
Cash on hand December 31, 1015..........................................................

$075
2 00
1,415 12
$11,2 0 5 10

P lan, permanent. P a r value o f shares, $100. Instalm ents are 50 cents and
$1 m onthly.
Shares in force Janu ary 1, 1015, 6 1 9 ; shares issued durin g the year, 106;
shares w ithdraw n durin g the year, 7 0 ; shares in force, 655. B orrow ing
members, 26, h oldin g 313 shares; non-borrow ing members, 56, holding 342
shares. Fem ale shareholders, 22, h oldin g 81 shares. T o ta l dividends credited
members during the year on instalm ent shares, $1,040.06; rate, 7 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$4,614.40. Entrance fee, 25 cents per share. O perating expenses, a s defined
in section 390 o f the Banking Law , incurred and paid during th e year, $155.93.
U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
premium charged.
Loans have been made in B room e and C ortland counties, N ew Y ork State.
Largest m ortgage loan outstanding, $2,700. M ortgages in force in N ew Y ork
State, $22,925. N o foreclosures durin g the year.

DIME SAVINGS AND LOAN ASSOCIATION
N o. 56 M ain street, C ortland, N . Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Law o f 1910. Commenced business 19111
Names
Post-office addresses
FREDERICK B. BOURSE.............................. Cortland, N. Y.
W. A. STOCKWELL....................................... Cortland, N. Y.
FRANK 3. PECK............................................ Cortland, N. Y.
CHAMFLIN & BUCK....................................... Cortland, 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 .....................................................................
Interest, prem ium , fees and fines due and u n p a id .........................
Instalments due and unpaid......................................................

$ 5 4 ,6 0 6
1,195
881
138

00
00
10
99

$3,872 80

$56,815 09
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...................................................
B orrow ed m oney .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f B anking L a w ) ....................

$45,233
2 ,461
7 ,5 0 0
1,413
206

73
16
00
56
64

$56,815 09
RECEIPTS
Cash on hand January 1, 1915...........................................................
Dues credited t o m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares repaid ..............................................
Fees received ................................................................................................




$123 18
18,445 75
21 ,10 0 00
2 ,3 0 0 00
100 00
80 90

92

R epoet on Savings and L oan A ssociations

Interest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith d raw a ls....................................................

$2,452 57
735 80
35 19
$ 4 5 ,3 7 3 49

DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ith draw al, o r applied on lo a n s ...........................
D ividends paid on w ith draw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rior m o r tg a g e 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 a id advertising, p rin tin g and p o s t a g e . . . . ....................................
P a id ren t .......................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
S tate League dues .....................................................................................
In tern al revenue sta m p s............................................................................
Cash on hand December 31, 1915..........................................................

$22,925
275
4 ,5 8 0
117

00
00
75
28

527
1 5 ,10 0
394
359
69
104
18
21
12
2
4
881

16
00
04
98
96
00
83
39
00
50
52
10

$ 4 5 ,3 7 3 49
P la n , permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Janu ary 1, 1915, 2,012; shares issued during the year, 809;
shares w ithdraw n durin g the year, 109; shares in force, 2,712. B orrow in g
mem bers, 48, h oldin g 631 shares; n on-borrow ing members, 182, h oldin g 2,081
shares.
Fem ale shareholders, 67, h oldin g 626 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $1,305.93; rate, 6 per
cent. T o ta l dividends credited or paid in cash to members durin g the year on
oth er shares, $527.16; rate, 4 % per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and pa id
du rin g the year, $552.96. U npaid, none.
Prem ium plan, prem ium -interest.
In terest paid b y borrow in g members, 10 cents per share per week. Prem ium
pa id b y borrow in g members, 3 cents per share per week.
L oans have been m ade in C ortland cou nty, N ew Y ork State. L argest m ort­
gage loan outstanding, $4,500.
M ortgages in force in N ew Y o rk State,
$54,600
N o foreclosures du rin g the year.

DELAW ARE COUNTY
THE WALTON CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 136 D elaw are street, W a lton , N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer......................
Attorney.....................




under la w of 1894. Commenced business 1907]
Names
Post-office addresses
F. R. DARLING................................................... Walton, N. Y .
BLANCHE L. YBNDES....................................
Walton, N. Y.
ROBERT
B. ST. J O H N .......................
Walton, N. Y.
A. G. PATTERSON............................................. Walton, N. Y.

93

D elaware County
ASSETS

Loans on bond and m ortg a g e ........... , .............................................. .
Loans on shares .........................................................................................
Shares o f Land Bank o f State o f New Y o r k ....................................
Cash on hand and in b a n k .....................................................................

$23,5 5 0
475
1 ,0 0 0
341

00
00
00
84

$ 25,366 84
LIABILITIES
Due shareholders, dues
.......................................................................
Due shareholders, dividends cred ited .....................................................
Borrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ............... ....

$17,319
1,967
5 ,0 65
817
197

00
89
00
81
14

$25,366 84
R E CEIPTS

Cash on hand January 1, 1915..............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e .. .
Loans on shares repaid .........................................................................
Fees received ................................................................................................
Fines received ............................................
Interest received .........................................................................................
D ividends retained on w ith draw als......... ............................................
Advances repaid .........................................................................................

$738 91
5 ,5 5 0 00
8,8 35 00
100 00
328 40
52 75
7 48
1,153 00
5 16
47 53
$16,818 23

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
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 incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
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 -h ire...................................................................
P aid advertising, printing and p osta g e .................
P aid banking departm ent, exam in ation ........... ................................
P aid banking departm ent, assessm ent.................................................
Advances fo r taxes, insurance, e t c ........................................................
Shares o f Land B a n k ..................................................................................
C ounty clerk ................................................................................................
Finance com m ittee expenses.....................................................................
Cash on hand December 31, 1915..........................................................

$ 9,250
475
804
34

00
00
00
34

42
4 ,5 7 0
150
48
17
29
2
47
1,000
1
3
341

53
00
51
50
91
00
10
45
00
13
92
84

$16,818 23
Plan, permanent. P ar value of shares, $200. Instalm ents are $1 monthly.
Shares in ,force January 1, 1915, 2 8 3 ; shares issued durin g the year, 198;
shares w ithdraw n during the year, 2 2 ; shares in force, 459.
Borrow ing
members, 21, holding 160 shares; non-borrow ing members, 60, holding 299
shares.
Fem ale shareholders, 25, holdin g 132 shares.
T otal dividends
credited members during the year on instalm ent shares, $680.38; rate, 5 %
per cent. T ota l dividends credited or paid in cash to members during the
year on other shares, $42.53; rate, 4 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
du rin g th e year, $71.46. U npaid, none.




94

B eport on Savings and L oan A ssociations

P rem ium plan, gross. In terest paid b y b orrrow in g members, 6 per cent.
N o prem ium charged.
couni
L oan s have been made in Delaw are cou nty, New Y ork State. la r g e s t m ort­
ortgaf
ga ge loan outstanding, $5,000.
M ortgages in force in N ew Y o rk State,
$23,550. N o foreclosures during th e year.

DUTCHESS COUNTY
THE HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 47 M arket street, Poughkeepsie, N. Y .
[ Organized under Law o f 1887.
Officers
President............ ..
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888.
Laws o f 1894]
Names
GEORGE W. KRIEGER........................
GEORGE W. POLK................................
GUILFORD DUDLEY.............................
JOHN J. MYLOD.....................................

Reorganized under
Post-office addresses
Poughkeepsie, N. Y.
Poughkeepsie. N. Y.
Poughkeepsie. N. Y.
Poughkeepsie, N. Y.

A SSE TS

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 .....................................................................
F u rn itu re and fixtures ............................................................................
Instalm ents due and u n p a id ...................................................................
A dvances fo r taxes, insurance, e t c ........................................................

$55 6,5 0 0
2 7 ,05 0
2 ,9 6 5
53,191
344
2 ,9 6 1
11

00
00
62
98
20
17
00

Interest, premiums, fees and fines due and unpaid. $1,256 09

$ 6 43,023 97
LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, m atured sh a res........................................................
D ue shareholders, dividends cred ited ...................................................
U ndivided profits .......................................................................................
G u aran ty rand (a s per section 392 o f Banking L a w ) . . . . -----D ues advanced .......................................................
In terest a d v a n c e d .......................................................................................
In d ivid u a l a c c o u n t s ......................
Cash differences .........................................................................................

$490,560
29,481
0 8 ,52 8
1 0 ,12 0
13 ,36 2
772
90
100
6

00
40
81
83
80
98
75
00
40

$643,023 97
RECEIPTS
Cash on hand Janu ary 1, 1915..........................................
D ues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real e s t a t e ..
Loans on shares repaid ..........................................................................
Fees r e c e iv e d ................................................................................................
Fines received ..............................................................................................
In terest received .........................................................................................
R en t r e c e iv e d ................................................................................................
D ividends retained on w ith d raw a ls......................................................
Advances rep aid .........................................................................................
Cash differences ..........................................................................................




$35,082
106,728
7 1 ,0 5 0
9 ,5 5 0
313
853
3 5 ,46 4
200
751
6
25

24
24
00
00
00
09
22
00
74
60
02

$ 260,024 15

95

E rie C ounty
DISBURSEMENTS
Loaned on m o rtg a g e .............................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on loa n s...........................
P aid m atured shares................................................................................
D ividends pa id on w iithdraw al, or applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid shares
P aid salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta g e...............................................
P aid rent ......................................................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exa m in a tion ........................
P aid banking departm ent, assessm ent.................................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c .....................................................
State League dues and expenses............................................................
Cash d iffe r e n c e s ...........................................................................................
A u d it in g .............................................................................
T e le p h o n e .......................................................................................................
L i g h t ................................................................................................................
Care o f o f f i c e ................................................................................................
M iscellaneous item s ...................................................................................
Cash on hand December 31, 1915........................................................

$91,1 5 0
12,400
43 ,12 6
49 ,40 2
7 ,4 5 3
695
1,6 94
207
340
40
48
43
52
17
23
24
22
44
12
23
9
53,191

00
00
00
59
74
28
00
33
00
30
83
79
00
60
90
00
50
51
38
45
97
98

$260,024 15
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce January 1, 1915, 8,501; shares issued du rin g the year,
1,229; shares w ithdraw n during the year, 1,275; shares in force, 8,455. B or­
row ing members, 455, holding 2,918 shares; non-borrow ing members; 596,
h oldin g 5,537 shares. Fem ale shareholders, 403, holding 2,870 shares. T ota l
dividends credited members during the year on instalm ent shares, $30,448.90;
rate, 5 % per cent. T ota l dividends credited or paid in cash to members
during the year on other shares, $695.28; rate 4 % per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year, $43,509.79. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law , incurred and paid during the year, $2,429.02. U npaid, 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, Putnam and U lster counties, New
Y ork State. L argest m ortgage loan outstanding, $7,750. M ortgages in force
in New Y ork State, $556,500. N o foreclosures during the year.

ERIE COUNTY
AETNA PERMANENT SAYINGS AND LOAN ASSOCIATION
N o. 77 Seventeenth street, B uffalo, N. Y .
[Organized under Law of 1851.
Officers
President.
Secretary.
Treasurer
Attorney.

Commenced business 1889]

Names
CHARLES H. SCHW ENK.. . .
WILLIAM E. SHIFFERENS.
CONRAD KAISER...................
GEORGE B. BURD...................

Post-office addresses
51 Fifteenth Street.
14 Seventeenth Street.
371 Vermont Street.
26 Erie Co. Bk. Bldg.

ASSETS

Loans on bond and m ortgage ..............................................................

$71,2 3 0 00

Loans on shares............................. ; ...................................................

5,280 00




96

R eport on Savings and L oan A ssociations

R ea l estate ..................................................................................................
Oash on hand and in b a n k ......................................................................
F u rn itu re and fix tu r e s .. ........................................................................

$721 47
1 3 ,2 5 9 40
260 39
$90,7 5 1 26

LIABILITIES

D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f Banking L a w ) ..................
Unearned o r rebatable p r e m iu m ..........................................................

$ 7 3 ,2 0 2
1 0 ,21 8
970
3 ,6 0 0
2 ,7 5 9

60
23
93
00
50

$90,7 5 1 26
BECEIFTS

Gash on hand J a n u a ry 1, 1915...............................................................
D ues credited t o members ...................................................................
M ortgages redeemed, foreclosed or transferred t o rea l e s t a t e ..
L oan s on shares re p a id ..............................................................................
F ees r e c e iv e d ................................................................................................
F in es 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 .......................................................................................
D ividends retained on w it h d r a w a ls ...................................................

$ 1 4 ,4 5 0
4 1 ,6 3 8
14,790
4 ,5 6 0
113
53
5 ,2 4 4
909
528

69
00
00
00
75
68
70
50
35

$ 8 2 ,2 8 3 67
DISBUBSEMEHTS

Loaned on m o r t g a g e ...................................................................................
Loaned on shares .....................................................................................
D ues repaid on w ith draw al, o r applied on lo a n s .............................
P a id m atured s h a r e s .................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P a id salaries and c le r k -h ir e ...................................................................
P a id advertising, p rin tin g and p o s t a g e .............................................
P a id taxes, insurance, etc........................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessment .............................................
Cash on hand Decem ber 31, 1915........................................................

$ 1 7 ,0 8 0 00
960 00
3 3 ,0 5 3 00
1 5 ,4 2 0 10
1 ,6 12 52
768 75
86 50
20 29
15 50
761
1 3 ,2 5 9 40
$ 8 2 ,2 8 3 67

P lan , serial. P a r value o f shares, $130. Instalm ents are 25 cents w eekly.
Shares in force J anu ary 1, 1915, 2,626; shares issued du rin g the year,
4 5 5 ; shares w ithdraw n du rin g the year, 6 69; shares in force, 2,412. B orrow ­
in g members, 35, holdin g 512 shares; n on-borrow ing members, 296, holding
1,900 shares. Female shareholders, 139, holding 776 shares. T ota l dividends
credited mem bers durin g the yea r on instalm ent shares, $5,134.35; rate, 7
p er cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year, $15,420.10. Entrance fee, 25 cents per share. O perating expenses as defined in
section 390 o f the Banking Law , incurred and paid during the year, $855.25.
U npaid, none.
P rem ium plan, gross. In terest paid b y b orrow in g members, 15 cents per
share. Prem ium pa id b y borrow in g members, $10 per share.
L oa n s have been made in E rie cou nty, N ew Y ork State. L a rg est m ort­
ga ge lo o n outstanding, $4,680. M ortgages in force in N ew Y ork State, $71,230.
N o foreclosures during th e year.




97

E w e County
BLACK SOCK MUTUAL HOME AND SAYINGS ASSOCIATION
N o. 52 Am herst street, Buffalo, N. Y.
fOrganized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

under Law o f 1851. Commenced business 1890]
Names
Post-office addresses
JOHN BLUST......................................... 205
East Street.
LOUIS G. PETES.................................. 162
Riverside Avenue.
JAMES LEE.............................................. 62
Amherst Street.
JAMES P. SCHAUS................................ 604
Curtiss Building.
ASSETS

Loans on bond and m ortgage ...............................................................
C ontracts fo r sale o f real esta te............................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .......................................................................

$259,132
360
9 ,8 97
33, 381

50
00
03
94

$302,771 47
LIABILITIES

Due shareholders, dues .........................................................................
D ue shareholders, dividends c r e d it e d .................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fu n d (as per section 392 o f Banking L a w ) ......... ..

$251,147
3 3 ,72 0
6 ,3 0 3
11,600

0*>
53
94
00

$302,771 47
RECEIPTS

Cash on hand J anu ary 1, 1915...............................................................
D ues credited to m e m b e r s ........................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
R eal estate sold .........................................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium received .....................................................................................
R ent received ..........................................................................' ......... ..
Advances repaid .........................................................................................
R efunds on telephone, ligh t and sta tion ery ......................................

$25,543
224,674
42,901
1, 832
752
53
1 4,174
3 ,1 8 9
560
177
16

50
18
48
48
25
75
41
30
00
10
67

$313,875 12
DISBURSEMENTS

Loaned on m ortgage ................................................................................
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 p rior m ortga ges................
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 p osta ge.............................................
P a id rent ....................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam ination ..........................................
P aid banking departm ent, a s se s s m e n t...............................................
Officers’ b o n d s ..............................................................................................
S ta te League dues .....................................................................................
M ortgage ta x ..............................................................................................
Legal services ..............................................................................................
Foreclosure expenses ................................................
Com mission on sale o f real esta te........................................................
H eat and ligh t ............................................................................................
Telephone.........................................................................................................

4




$ 6 8 , 366
187,787
7 ,1 73
10,000
90
1,419
3 ,2 0 9
243
50
347
629
36
20
68

9
342
142
75
74
138
44

48
78
96
00
00
48
50
57
00
83
23
50
11
00
00
00
15
25
00
57
89

98

R epoet on Savings and L oan A ssociations

Office fu rn itu re and f ix t u r e s ...................................................................
Office s u p p lie s ..............................................................................................
C a d i on hand Decem ber 31, 1015 ..........................................................

$16 0 0
208 8 8
33, 381 94
$ 3 13,875 12

P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Ja n u a ry 1 , 1915, 10,432; shares issued du rin g th e year,
3,003; shares w ithdraw n d u rin g th e year, 2,305; shares in force, 11,130.
B orrow in g members, 151, h oldin g 1,290 shares; n on-borrow ing members, 1,737,
h oldin g 9,840 shares. Fem ale shareholders, 540, h oldin g 2,775 shares. T ota l
dividends credited mem bers du rin g the year on instalm ent shares, $10,542.50;
rate, 5 per rant.
N o unpaid w ithdraw als. Entrance fee, 5 5 cents per share. O perating ex­
penses, as defined in section 390 o f th e B anking Law , incurred a n d paid
du rin g th e year, $4,045.74. U npaid, none.
P rem ium plan, instalm ent. Interest pa id b y borrow in g mem bers, 6 per cent.
Prem ium p a id b y b orrow in g members, 5 cents per share per week.
L oan s have been m ade in E rie county, N ew Y o rk State. L argest m ortgage
loan outstanding, $7,310. M ortgages in force in N ew Y ork State, $259,132.50.
One foreclosure du rin g the year.

CARLTON STREET PERMANENT SAYINGS AND AID ASSOCIATION
N o. 306 Carlton street, Buffalo, N . Y .
[Organized under Law o f 1861. Commenced
Officers
Names
CHARLES DETHLOFP................
President.
JOHN A. GLUNZ..........................
Secretary.
WILLIAM SCHMIDT....................
Treasurer.
LOOTS BBAUNLEIN....................
Attorney.

business 1880]
Post-office addresses
56 Berlin Street.
39 Peach Street.
306 Carlton Street.
14 German Ins. Co. Bldg.

ASSETS

L oan s on bond and m ortg a g e.................................................................
Cash on hand and in b a n k ........................................................................
F u rn itu re and fixtures ............................................................................

$ 2 6 ,8 5 0 00
9, 339 29
50 0 0
$36,2 3 9 29

LIABILITIES

D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited ...................................................
U ndivided profits .......................................................................................
G uaranty rand (a s per section 392 o f B anking L a w ) ................

$32.1 8 4
2 ,7 8 4
595
694

50
18
91
70

$ 36,239 29
RECEIPTS

Cash on hand January 1, 1915...............................................................
Dues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta t e ..
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................

$3 ,67 5
31 ,41 3
2 ,6 0 0
122
1 ,706

16
25
00
75
76

$39,5 1 7 92
DISBURSEMENTS

Loaned on m o rtg a g e...................................................................................
D ues rep aid on w ith draw al, o r applied on lo a n s ...........................
D ividends p a id on w ithdraw al, o r applied on lo a n s ....................




$ 2 ,4 5 0 00
2 6 ,4 0 2 00
795 01

99

E rie County
P a id salaries and clerk-hii
.......................................................
P a id advertising, prin tin g id p osta g e............................................
P a id r e n t ......................................................................................................
P a id banking departm ent, t lin a tion .............................................
P a id banking departm ent, assessm ent.................................................
A dvances fo r taxes .................................................................................
Cash on hand Decem ber 31, 1915........................................................

$422
13
40
19
3
33
9, 339

00
87
00
00
18
57
29

$39,517 92
Plan, permanent. P ar value o f shares, $100. Instalm ents are -25 cents,
weekly.
Shares in fo rce January 1 , 1915, 2,917; shares issued d u rin g the year,
4 9 1 ; shares w ithdraw n du rin g the year, 3 8 1 ; shares in force, 3,027. B or­
row in g members, 24, h oldin g 41P ia r e s ; non-borrow ing members, 347, holding
2,611 shares. Fem ale sharehoh
f , 208, holding 1,498 shares. T ota l divi­
dends credited members du rin g
\e year on instalm ent shares, $1,313.45;
rate, 5 per cent.
F o unpaid w ithdraw als. Entrance fee, 25 cents p er share. O perating exs, as delined in section 390 o f the B anking Law , incurred and paid
g the year, $475.87. U npaid, none.
Prem ium plan, gross. In terest paid b y borrow in g members, 12 cents per
share per week. N o premium charged.
Loans have been made in E rie county, New Y o rk State. L argest m ortgage
loan outstanding, $2,500. M ortgages in force in F e w Y ork S tate, $26,850.
N o foreclosures du rin g the year.

S

CLIN TO N M U T U A L S A Y IN G S AN D LO AN ASSO CIA TIO N
N o. 379 W illia m street, B uffalo, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys...................

under Law o f 1851. Commenced business 1878]
Names
Post-office addresses
FREDERICK GRAMLICH................
596 Clinton Street.
CHARLES KLING............................... 37 Laurel Street.
CHARLES KLING..............................
37 Laurel Street.
STEIN & BARBER.............................. 410 Brisbane Building.
ASSETS

Loans on bonds and m ortga ge..............................................................
Contracts for the sale o f real esta te...................................................
B eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................
Advances fo r taxes, insurance, etc.......................................................

$461,122
6 ,2 5 0
2 1 ,8 0 0
25, 632
420
435

43
39
00
54
80
51

$515,661 67
LIABILITIES

Due shareholders, d u e s ...........................................................................
Due shareholders, dividends cred ited .................................................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ................

$420, 352
4 2 ,30 8
31 ,00 0
2 2 ,00 0

50
70
00
47

$515,661 67
RECEIPTS

Cash on hand J anu ary 1, 1915..............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e .. .
Real estate sold .........................................................................................




$31,147
237,365
51,051
1,0 42

91
50
44
18

R eport on Savings a n d ‘L oan A ssociations

100

Fees r e c e iv e d ........................................
In terest received .................................
B e n t received . . . .*............................... .
D ividends retained on w ith draw als
Advances r e p a i d ...................................
B eal estate c o n t r a c t s ..........................
P r o fit on sale o f real esta te .............
Judgm ents ...........................................

$1,027
2 7 ,8 8 0
1 ,5 23
1 ,8 29
537
928
257
25

50
54
67
69
59
27
82
00

$354,617 11
DISBURSEMENTS

Loaned on m o rtg a g e...................................................................................
D ues rep aid on w ithdraw al, o r applied on lo a n s ...........................
P a id m atured s h a r e s .................................................................................
D ividends pa id cm w ith draw al, o r applied on lo a n s ....................
P a id f o r real esta te...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id repairs t o m i l e sta te...................................................................
P a id taxes, insurance, etc.......................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, etc.....................................................
B e a l estate c o n t r a c t s .................................................................................
F oreclosure e x p e n s e s .........................................................................
Com m issions on sale o f real esta te......................................................
F u rn itu re and fixtures ............................................................................
Cash on hand Decem ber 31, 1915........................................................

$ 8 0 ,8 1 0
2 0 4 ,9 5 3
2 4 ,5 0 2
1 1 ,05 4
1 ,0 42
3 ,3 4 6
832
818
875
65
36
86

255
208
32
66

25 ,63 2

00
25
04
58
18
00
25
96
24
50
22
01
42
12
50
30
54

$354,617 11
P lan , permanent. P a r valu e o f shares, $130. Instalm ents are 25 cents
w eekly .1
Shares in force Janu ary 1, 1915, 18,607; shares issued du rin g th e year,
16,461; shares w ithdraw n during the yea r, 16,497; shares in force, 18,571.
B orrow in g members, 217, b oldin g 2,052 shares; non-borrow ing mem bers,
2,783, holding' 16,519 shares. Fem ale shareholders, 1,806, holding 9,472 shares.
T o ta l dividends credited members du rin g th e year on instillm ent shares,
$19,759.58; rate, 5 per cent.
•N o unpaid w ithdraw als. A m oun t o f shares m atured during the year, $24,502.04. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law, incurred and paid du rin g th e yeiar,
$4,178.25. 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.
T-nnn* have been made in E rie cou nty, N ew Y ork State. L argest m ortgage
loa n outstanding, $4,750. M ortgages in force in New Y ork State, $461,122.43. T w o foreclosures durin g th e year.

THE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF HAMBURG
N o. 44 M ain street, H am burg, N. Y .
[Organized under Law o f 1910.
Officers
Names
President..
Secretary..
Treasurer,
A ttorn ey..




Commenced business 19131
Post-office addresses
Hamburg, N. Y.
CARLTON E. ENO...................
Hamburg, N. Y.
HENRY R. 8TRATEMBIER..
Hamburg, N. Y.
REUBEN P. ENOCHS.............
Hamburg, N. Y.
ALBERT L. STRATEMEIER.

E rie County
ASSETS
Loans on bond and m o r t g a g e ..............................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .....................................................................

101

$ 35,700 00
1,373 84
2 ,2 0 8 65
$3®,282 49

L IA B IL IT IE S

D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited .................................................
B orrow ed money .........................................................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L aw ) ..................

$31,735
1,839
5 ,5 00
82
125

25
34
00
90
00

$39,282 49
R E CEIPTS

Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to mem bers . . .„.....................................................
M oney borrow ed . ..„ ...................................................................................
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Interest r e c e iv e d .....................................
Prem ium received .....................................................................................
D ividends retained on w it h d r a w a ls ...................................................

$1,216
19,361
5 ,5 00
2 ,3 2 8
153
1,663
235
35

52
25
00
20

75
62
64
37

$30,494 85
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on loans ........................
D ividends paid on w ithdraw al, or applied on lo a n s .....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and p rior m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p r io r m o r t g a g e s ..............
P a id salaries and c le r k -h ir e ..............................................
P aid advertising, p rin tin g and postage ...........................................
P a id rent .....................................................................................................P aid banking departm ent, exam ination ..........................................
P a id banking departm ent, assessment .............................................
Cash on hand Decem ber 31, 1 9 1 5 ...................................... . ...............

$15,550
3 ,0 22
6 ,8 4 8
213

00
04
75
10

39
2 ,0 0 0
90
187
136
150
45
2
2 ,2 0 8

40
00
86

50
33
60
60
72
65

$30,494 35
Plan, permanent. P a r value o f shares, $125. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 1,213; shares issued du rin g the year, 615;
shares w ithdraw n during the year, 143; shares in force, 1,685. B orrow ing
members, 29, h oldin g 223 shares; non-borrow ing mem bers, 222, holding
1,462 shares. Fem ale shareholders, 81, holding 286 shares. T ota l dividends
credited mem bers du rin g the year on instalm ent shares, $1,372.81; rate 6
per cent. T ota l dividends credited o r p a id in cash to mem bers during th e
yea r on oth er shares, $60.94; rate, 4 per cent.
N o unpaid w ithdraw als. E ntrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the B anking L aw , incurred and pa id
du rin g the yea r, $473.83. U npaid, none.
Prem ium plan, prem ium -interest.
Interest paid b y b orrow in g members,
6 per cent.
Prem ium pa id b y b orrow in g members, 4 cents per share per week.
Loans have been made in E rie cou n ty, N ew Y ork State. L argest m ortgage
loan outstanding, $4,500. M ortgages in force in N ew Y o rk S tate, $35,700.
N o foreclosures du rin g the year.




102

R eport on Sayings and L oan A ssociations
DEPEW CO-OPEKATIVE SAYINGS AND LOAN ASSOCIATION
Depew, N. Y.
{Organized under Law of 1894.

Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1895]

Names
J. FEED P E T T Y S ...
H. A. SHORT.............
GUSTAV GRAMLIOH
S. JAY OHAKT.........

Post-office addresses
Depew,
Depew,
Depew,
Depew,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

ASSETS

Loans on bond and m ortg a g e...................................................................
Cash on hand and in h a n k .....................................................................
A dvances lo r insurance ..........................................................................

$ 5 4 ,8 0 0 00
5 ,4 7 7 44
27 00
$00,304 44

L IA B IL IT IE S

D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaranty rand (a s per section 392 o f Bankin L a w ) ....................

$50,7 3 9
7 ,1 3 8
1,151
1,275

24
35
23
62

$60,304 44
RECEIPTS

Cash on hand Janu ary 1, 1 9 1 5 ............................................................
D ues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Pees received ...........................................................................................
Interest received .......................................................................................
A dvances repaid .........................................................................................

$1,191
2 2 ,5 1 5
5 ,9 0 0
4
3 ,2 8 0
31

37
75
00
00
55
25

$32,922 92
DISBURSEMENTS
Loaned on m ortgage ................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id ren t ......................................................................................................
P a id hanking departm ent, exam in ation .............................................
P a id hanking departm ent, assessment .............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, etc ............................
Flow ers .........................................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$ 5 ,8 0 0
1 8 ,99 9
1 ,9 4 9
515
7
77
19
4
40
27

00
59
92
00
00
00
00
97
00

00
6 00
5 ,4 77 44

$32,922 92

P lan, permanent. P a r value o f shares, $100. Instalm ents are 16% cents
and 25 cents weekly.
Shares in force January 1 , 1915, 2,044; shares issued during the year,
34 0 ; shares w ithdraw n du rin g the je a r , 4 3 8 ; shares in force, 1,946. B orrow ­
ing members, 48, h olding 548 shares; non-borrow ing members, 116, holding
1,398 shares. Fem ale shareholders, 18, holdin g 220 shares.
T ota l dividends
credited t o members during the year on instalm ent shares, $2,513.29; ra te,
7 per cent.
N o unpaid w ithdraw als. Membership fee, 25 cents. O perating expenses,
as defined in section 390 o f the Banking Law , incurred and paid during the
year, $645. U npaid, none.




103

E rie County

Prem ium plan, prem ium -interest.
Interest paid b y b orrow in g members,
per cent. Prem ium paid by b orrow in g members, 2 per cent.
Loans have been made in E rie cou nty, New Y ork State. Largest m ortgage
loan outstanding, $2,500. M ortgages in force in N ew Y ork State, $54,800.
N o foreclosures d u rin g the year.
6

EAST BUFFALO SAVINGS AND LOAN ASSOCIATION
N o. 1156 L ov ejoy street, Buffalo, N . Y .
IOrganized under Law of 1910.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 19131
Post-office addresses

FREDOLIN THOMA..................
CHARLES A. KLOCKE.............
FREDERICK FISHER................
GEORGE L. GROBE..................

1072 Lovejoy Street.
1156 Lovejoy Street.
20 Day’s Park.
809 Chamber o f Commerce.

ASSETS
Loans on bond and m o r t g a g e ...............................................................
Loans on shares ..................................................................... ...................
Cash on hand and in b a n k .....................................................................

$ 7 ,8 3 6 00
250 00
346 93
$ 8 ,5 2 6 93

LIABILITIES
D ue shareholders, d u e s .............................................................. .............
D ue shareholders, dividends c r e d it e d .................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f Banking L a w ) ................

$ 7 ,86 4
167
464
31

00
20
48
25

$ 8 ,52 6 93
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited t o mem bers .....................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s ta t e ..
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
In terest received .......................................................................................
Dividends retained on w ithdraw als ...................................................

$80 73
6 ,8 3 4 50
1 ,8 2 0 00
50 00
61 25
399 75
29 14
$9 ,27 5 37

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, o r applied on loans .........................
D ividends paid on w ithdraw al, or applied on l o a n s ....................
P aid advertising, p rin tin g and postage ..........................................
P aid banking departm ent, exam ination ..........................................
P a id banking departm ent, a s se s s m e n t............................... ...............
Cash on hand Decem ber 31, 1915 ........................................................

$3 ,12 0 00
300 00
5 ,3 1 6 50
11171
41 75
37 00
1 48
346 93
$9,275 37

Plan, serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force Janu ary 1, 1915, 5 0 9 ; shares issued du rin g the year,
376; shares w ithdraw n during the year, 4 1 3 ; shares in foree, 472. B orrow ­
in g members, 9, holding 57 shares; n on-borrow ing members, 95, holding
415 shares. Fem ale shareholders, 32, h oldin g 127 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $249.19; rate 2 %
per cent.




104

R eport on Savings and L oan A ssociations

N o unpaid w ithdraw als. E ntrance fee, 25 eente per share. O perating
expenses, as defined in section 390 o f th e B anking L aw , ineurred and paid
du rin g the yea r, $41.75. U npaid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 p e r eent. N o
prem ium charged.
Loans have been m ade in E rie cou nty, New Y ork State. Largest m ortgage
loan outstanding, $1,950. M ortgages in force in N ew Y ork State, $7,930.
N o foreclosures du rin g th e year.

EAST SIDE SERIAL SAYINGS AND LOAN ASSOCIATION
N o. 344 E ast Genesee street, B uffalo, N . Y .
[Organized under Law o f 1892.
Officers
Names
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1894]
Post-office addresses

ALEXANDER FRANKE................
JACOB A. STACCH......................
WILLIAM GERBER........................
CHARLES A. H AHL......................

353 .Sherman Street.
472 Hickory Street.
115 East Genesee Street.
Electric Building.

ASSETS
Loans on bond and m o r t g a g e ...............................................................
Loans on shares ..........................................................................................
Cash on hand and in bank ...................................................................
F u rn itu re and fixtures ............................................................................

$ 4 7 ,5 6 0 0 0
530 00
6 ,4 5 9 80
137 70
$54,6 8 7 50

LIABILITIES
D ue shareholders, dues ..........
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaran ty fund (as per section 392 o f Banking L a w ) ------U nearned o r rebatable p r e m iu m ........................................................

$49,2 8 5
3 ,5 2 3
1 ,094
745
37

81
68

62
77
62

$54,687 50
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
D ues credited t o members ......................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Loans on shares repaid ..........................................................................
In terest received ........................................................................................

$ 5 ,3 0 3
4 7 ,3 8 8
2 ,8 2 0
1 ,6 19
2 ,6 2 6

42
25
00
00
59

$ 5 9 ,7 5 7 28
DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on shares .....................................................................................
D ues repaid on w ithdraw al, o r applied o n loans .........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id salaries and c le r k - h ir e ...................................................................
P aid advertising, prin tin g and p o s t a g e .............................................
P a id rent .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, a s s e s s m e n t...............................................
C a d i on hand Decem ber 31, 1915 ........................................................




$ 1 0 ,9 2 0
1 ,1 9 6
3 9 ,25 7
991
732
94
83
19
4
6 ,4 5 9

00
00
25
40
00
51
05
00
25
80

$ 59,757 26

105

E rie County

P la n , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
w eekly.
Shares in force J anu ary 1, 1915, 3,505; shares issued d u rin g the year, 8 75;
shares w ithdraw n during th e year, 5 0 4 ; shares in force, 3,876. B orrow in g
m em bers 33, h oldin g 293 shares; non-borrow ing members, 429, h oldin g 3,583
shares.
Fem ale shareholders, 266, holding 1,395 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $1,519.76; rale, 4
per cent.
H o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and paid durin g the year, $900.56. U npaid, none.
Prem ium plan, gross. In terest paid b y borrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, $5 per share.
L oan s have been m ade in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $4,500. M ortgages in force in N ew Y ork State, $47,560.
N o foreclosures d u rin g th e year.

THE ELLICOTT PERMANENT SAYINGS AND LOAN ASSOCIATION
N o. 17 East Genesee street, B uffalo, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney.....................

Commenced business 1889]

Names
PHILIP GOETZMANN...................
HENRY F. HOLTZ.........................
EDWARD D. RUED............... ..
WILLIAM G. KILHOFFEB.........

Post-office addresses
17 East Genesee Street.
33 East Eagle Street.
German-American Rank.
308 Brisbane Bldg.

ASSETS
Loans on bond and m o r t g a g e .........................
Stocks and b a d s .................................................
Cash on hand and in b a n k ...............................
F u rn itu re and fixtures ......................................

$61,555 00
1,660 0 0
10,155 76
190 00
$ 73,560 76

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ................

$61,410
7 ,9 9 3
2 ,3 5 7
1 ,8 0 0

31
34
11
00

$73,560 76
RECEIPTS
Cash on hand January 1, 1915 ............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Fees received ..............................................................................................
Interest received .......................................................................................

$11,403
53,202
7 ,8 8 0
122
3 ,6 4 2

18
50
00
75
86

$76,251 29
DISBURSEMENTS
Loaned on m ortgage ..............................................................................
D ues repaid on w ithdraw al, or applied on loans
....................
D ividends paid on w ithdraw al, o r applied on l o a n s ....................
P a id salaries and clerk-hire ........................................................ ........
P a id advertising, p rin tin g and p o s t a g e .............................................




$ 17,935
46 ,13 3
1,238
572
89

00

41
13
00
90

106
P aid
P aid
P aid
Gash

R eport on Savings and L oan A ssociations
rent .......................................................................................................
banking departm ent, exam ination ...........................................
banking departm ent, a s s e s s m e n t...............................................
on hand December 31, 1915 ........................................................

$100
21
5
10,155

00
50
59
78

$76,251 29
Plan, permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in fo rce January 1, 1915, 4,010; shares issued du rin g the year,
4 9 1 ; shares w ithdraw n du rin g the je a r , 2 92; shares in force, 4,209. B orrow ­
in g members, 46, h oldin g 382 shares; n on-borrow ing members, 391, holding
3,827 snares. Fem ale shareholders, 178, h oldin g 1,162 shares. T ota l dividends
credited members during the year on instalm ent shares, $2,517.72; rate,
4 % per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share.
O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $761.90. U npaid, none.
N o perm ium plan.
Interest by borrow in g members, 6 per cent.
No
prem ium charged.
Loans have been made in E rie cou nty, New Y ork State. L argest m ortgage
loan outstanding, $4,500. M ortgages in force in N ew Y o rk State, $61,555.
N o foreclosures d u rin g th e year.

ERIE SAVINGS AND LOAN ASSOCIATION
N o. 39 E rie street, Buffalo, N . Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Daw o f 1851. Commenced business 1884]
Names
Post-office addresses
WILLIAM A. JOYCE......................... 30 Erie Street.
GEORGE REPP................................ 30 Erie Street.
W. H. D. BARR................................
30 Erie Street.
JOHN M. HULL................................ Marine Nat. Bank Bldg.

ASSETS
Loans on bond and m o r t g a g e .........................
L oans on s h a r e s ...................................................
C ontracts fo r the sale o f real e s t a t e ...........
R eal estate ............................................................
Cash on hand and in b a n k ...............................
F u rn itu re and fixtures ......................................

$853,703
2 8 ,7 6 1
4 ,9 6 9
3 4 ,32 2
33 ,92 8
2 ,6 9 3

92
00
35
27
97
00

$958,378 51
LIABILITIES
D ue shareholders, dues ............................................................ ...............
D ue shareholders, dividends c r e d i t e d .................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................

$848,460
73,931
5 ,6 8 5
3 0 ,3 0 0

93
69
89
00

$958,378 51
RECEIPTS
Cash on hand J anu ary 1, 1 9 1 5 ............................................................
Dues credited to members .....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real e s ta te ..
L oan s on shares repaid ..........................................................................
R eal estate sold ..................................................................................... ..




$ 3 5 ,0 6 9
442,169
5 0 ,0 0 0
1 47,368
9 7 ,32 1
3 3 ,19 4

07
39
00
81
82
30

E rie County
Interest received .......................................................................................
R en t received .............................................................................................
D ividends retained on w ithdraw als .....................................................
R eal estate con tracts
...........................................................................
A ppraisals ....................................................................................................
Rebate on electric lig h t b ill ..................................................................

107
$52,636
3,7 27
2 ,1 6 3
400
320
17

78
00
95
00
00
69

$864,388 81
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on l o a n s .........................
P aid m atured shares ..............................................................................
D ividends pa id on w ithdraw al, or applied on l o a n s ....................
P aid borrow ed m oney and p rior m ortgages ....................................
P aid interest on borrow ed m oney and p rior m o r t g a g e s ...........
P aid fo r real e s t a t e ..................................................................................
P aid salaries and c le r k -h ir e ........................................ . ........................
P aid advertising, prin tin g and posta ge............................................
P a id rent ......................................................................................................
P aid repairs t o real estate ...................................................................
P aid taxes, insurance, etc.........................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessment ............................................
Officers’ bonds ...........................................................................................
R eal estate con tracts ..............................................................................
Loss on sale o f real e s t a t e .....................................................................
A ppraisals ....................................................................................................
M ortgage ta x ...........................................................................................
B u rglary insurance ..................................................................................
L ia b ility insurance ..................................................................................
W atchm an ....................................................................................................
Telephone ....................................................................................................
Furniture and fixtures ............................................................................
R epairing fixtures ....................................................................................
M iscellaneous item s ..................................................................................
Cash on hand December 31, 1915 ........................................................

$232,339
98 ,01 5
344,239
56,037
6 ,2 08
75,000
1,034
1,978
5 ,0 73
1,314
1,2 00
247
1,970
87
65
84
305
3 ,1 64
660
1,011
64
20
30
61
48
18
179
33,928

45
32
57
50
40
00
17
34
33
61
00
69
48
50
08
00
27
30
00
00
73
00
00
96
50
95
69
97

$864,388 81
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1915, 49,758; shares issued during the year,
25,340; shares w ithdraw n during the year, 21,572; shares in force, 53,526.
B orrow in g members, 698, holding 27,135 shares; non-borrow ing members,
6,767, holding 26,391 shares. Fem ale shareholders, 3,606. T ota l dividends
credited members during the year on instalm ent shares, $25,143.65; rate,
5 % per cent, 't otal dividends credited or paid in cash to members during
the year on other shares, $14,216.89; rate, 4 per cent.
N o unpaid w ithdraw als.
A m ount o f shares matured during th e year,
$56,037.50. O perating expenses, as defined in section 390 o f the Banking
Law , incurred and paid during the year, $8,369.58. U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in E rie county, New Y ork State. Largest mortgage
loan outstanding, $8,000. M ortgages in force in New Y ork State, $833,703.92.
N o foreclosure during the year.




R eport on Savings and L oan A ssociations

108

FREEHOLD SAYINGS AND LOAN ASSOCIATION
N o. 809 M ain street, B u ffalo, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.. . . .............
Treasurer..................
Attorney.....................

Commenced business 1891]

Names
FRANK P. PERSON...................
EDWARD J. ZIT T E L ...................
CHARLES J. F IX .........................
GODFREY M. FROHE..................

Post-office addresses
390 Elm Street.
Main and Seneca Streets.
808 Main Street.
476 Ellicott Square.

ASSETS
Leans on bond and m o r t g a g e .................... ..
L ean s on shares ............................. ......................
Centxaets lo r th e sale o f real estate ______
Cash on hand and in b a n k ...............................
Advances fo r taxes, insurance, etc..................

$ 1 4 0,0 9 2
530
2 ,2 0 0
10,337
209

00
00
00
07
41

$ 1 53,429 08
LIABILITIES
D o e shareholders, dues ------------------------------------------ -------------------B n e shareholders, dividends, credited — .........................................
U ndivided profits ........................... ........................................................
G uaran ty fund (as per section 392 o f B anking L a w ) ................
Unearned o r rebatable p r e m iu m ........................................................
R ea l estate c o n t r a c t ................................................... .......................... ..

$1 2 4,0 2 3
1 7 ,8 9 2
8 ,9 3 3
2 ,2 0 4
105
150

17
60
40
85
00
00

$153,429 08
RECEIPTS
Cash on hand J anu ary 1, 1915 . . . . .............. ....................................
D o e s credited to m em bers -------------------------------- -------------- --------M on ey borrow ed ............................. ................... .......................................
M ortgages redeemed, foreclosed or tran sferred to real e s ta t e ..
L ean s on shares repaid ----------- - — ................................................
R eal estate sold . . . . . . . -------------F in e s received ......................
In te re st received ..............
R en t received ..............................................................................................
A dvances r e p a i d ......... ................................................................................
B eal estate con tracts ..............................................................................
A p p ra isa l fees ..............................................................................................
Pfeemdum returned ........................
Paym ents on accou nt o f loss through d e f a lc a t i o n .........................

$ 1 ,2 2 3
100,023
5 ,0 0 0
2 6 ,5 7 5
450
1 ,5 0 0
12
7 ,9 3 5
210
5
150
6
3
100

40
38
00
00
00
00
25
71
15
00
00
00
87
00

$149,800 70

DISBURSEMENTS
L oaned on m ortgage .................. ..............................................................
Loaned on shares .................................... . . . ...........................................
D ues repaid on w ithdraw al, o r applied on l o a n s ........... ...............
P h id m atured s h a re s .................................. .............................................
D ividends pa id on w ith draw al, o r app lied on l o a n s ....................
P a id b orrow ed m oney and p rior m ortgages ....................................
P a id interest on borrow ed m oney and p rior 'mortgages ...........
P a id salaries and c le r k -h ir e ..........................................
P a id advertising, p rin tin g and postage ...........................................
P a id rent .........................................................................................
P a id taxes, insurance, etc.......................................................................
P a id banking departm ent, e x a m in a t io n ...........................................
P a id banking departm ent, assessment .............................................




$28,985 0 0
725 0 0
9 3 ,8 2 4 48
1 ,0 4 0 00
2 ,3 5 9 59
1 0 , 0 0 0 00
104 48
1 ,3 8 2 00
39 51
300 00
42 2 1
28 50
1 1 24

109

E rie County
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c .................................
A pp raisals ....................................................................................................
Com m ission on sale o f real estate ......................................................
Com m ission fo r collectin g rents ..........................................................
E xam ining com m ittee ..............................................................................
Prem ium repaid .......................................................................................
B u rgla ry and fire insurance .................................................................
L igh tin g, heating, etc................................................................................
Telephone .....................................................................................................
Cash on hand December 31, 1915 ........................................................

$42
7
104
37
6

42
80
24
173
42
10,337

50
50
20
50
30
00
79
49
80
00
67

$149,800 76

P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 8,428; shares issued du rin g the year,
1,675; shares w ithdraw n du rin g the year, 84 7 ; shares in foree, 9,256. B orrow ­
in g members, 30, holdin g 344 shares; non-borrow ing members, 949, holding
8,912 shares. Fem ale shareholders, 612, holdin g 3,125 shares. T ota l dividends
credited members during the year on instalm ent shares, $5,565.04; rate, 5 per
cent.
N o unpaid w ithdraw als. A m ount o f shares m atured durin g the year, $1,040.
O perating expenses, as defined in section 390 o f the Banking Law, incurred and
paid du rin g th e year, $2,188.30., Unpaid, none.
Prem ium plan, gross. Interest pa id b y borrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, $10 per share.
L oan s have been made in E rie cou nty, New Y ork State. Largest m ortgage
loan outstanding, $10,500. M ortgages in force in New Y ork State, $140,092.
N o foreclosures du rin g the year.

GENESEE STREET SAYINGS AND LOAN ASSOCIATION
N o. 1535 Genesee street, Buffalo, N . Y .
[Organized under Law o f 1914.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1914J

Names
JOSEPH A. HELMER..................
OTTO R. GERILACH....................
GEORGE W. SCHMITT.............
J. A. W EISS............. .....................

Post-office addresses
200 Madison Street.
97 Bissell Avenue.
338 Emslle Street.
600 Mutual Life Building.

ASSETS
L oan s on bond and m ortgage ...............................................................
Cash on hand and in b a n k ............................................................ ..

$3 ,25 0 0 0
2 ,6 53 69
$5,903 69

LIABILITIES
Due shareholders, dues ............................................................................
D ue shareholders, dividends c r e d i t e d .................................................
U ndivided profits .....................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem ium ..........................................................




$5,757
97
18
4
25
$5,903

75
25
76
33
6A

110

R eport on Savings and L oan A ssociations
r e c e ip t s

Cash on hand Janu ary 1,1 9 1 S ..............................................................
Dues credited t o members .....................................................................
Fees r e c e iv e d ................................................................................................
F ines received ...........................................................................................
Interest received .......................................................................................
P rem ium received .....................................................................................

$756
9 ,8 7 2
106
18
106
25

00
75
25
67
86

60

$10,8 8 6 13
DISBURSEMENTS
Loaned on m ortgage ......................
D ues repaid on w ith draw al, or applied on l o a n s .........................
D ividends paid on w ithdraw al, o r applied on l o a n s ....................
P a id advertising, prin tin g and postage ..........................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
Officers’ bonds ..............................................................................................
In corpora tion expenses ..........................................................................
Cash short ..................................................................................................
Sundry supplies .................................
Cash on hand Decem ber 31, 1915 ........................................................

$ 3 ,2 5 0
4 ,8 7 3
4
18
.7
1
4
57
4
12
2 ,6 5 3

00
25
39
22
50
05
00
00
32
71
69

$10,886 13

Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force J anu ary 1, 1915, 4 3 0 ; shares issued du rin g the year, 7 7 3 ;
shares w ithdraw n du rin g the year, 2 3 4 ; shares in force, 969. B orrow in g
members, 3, h oldin g 25 shares; n on-borrow ing members, 178, holdin g 944
shares.
Fem ale shareholders, 71, h oldin g 273 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $101.64; rate, 4
per cent.
N o unpaid w ithdraw als. E ntrance fee, 25 cents per share.
O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $34.93. Unpaid, none.
Prem iu m plan, gross. In terest paid b y borrow in g members, 6 per cent.
Prem iu m paid b y b orrow in g members, 1 per cent.
Loans have been m ade in E rie cou nty, fle w Y o rk State. L argest m ortgage
loan outstanding, $1,560. M ortgages in force in New Y ork State, $3,250. N o
foreclosures durin g the year.

THE GERMAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 568 East Genesee street, Buffalo, N. Y .
[Organized under Law o f 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1898]

Names
MICHAEL KUNTZ.
ARNOLD L. BATON..
DANIEL JUNG..........
L. P. HANCOCK...........

Post-office addresses
295 Grey Street.
M. & T. National Bank.
568 E. Genesee Street.
Mutual l i f e Ins. Bldg.

ASSETS
Loans on bond and m ortga ge.................................................................
Loans on shares .........................................................................................
C on tracts fo r the sale o f real esta te...................................................




$25,140 00
6 3 5 00
1 ,4 00 0 0

E rie County
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................... ............
Fu rn itu re and fixtures ............................................................................

111
$2,281 85
1 ,5 79 92
154 50
$31,191 27

LIABILITIES
D ue shareholders, d u e s ............................................................................
Due shareholders, dividends cred ited ...................................................
Undivided profits .......................................................................................
G uaranty fund {a s per section 392 o f Banking l a w ) ..................

$ 27,238
2 ,4 9 2
860
600

34
57
36
00

$31,191 27
RECEIPTS
Cash on hand Janu ary 1, 1915.................................................................
Dues 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 re p a id ..............................................................................
R eal estate sold .........................................................................................
Fees received -................................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................
Taxes repaid ................................................................................................

$ 2 ,40 5
2 7,313
750
7 ,6 1 0
480
100
32
1,833
105
12

02
45
00
00

00
00
60
27
27
04

$40,641 65
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares .......................................................................................
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 borrowed money and p rior m ortga ges................
P aid fo r real e s t a t e ..................................................................................
P aid 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 .......................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessment ...............................................
Officers’ bonds .............................................................................................
F oreclosure expenses ................................................................................
Loss on m ortga ge.......................................................................................
Interest refunded ...............................................................................
Insurance on office fu rn itu re.................................................................
Sundries .........................................................
Cash on hand December 31, 1915..........................................................

$3,930
540
28,017
1,094
750
7
3 ,2 0 0
717
25
78
30
12
19
3
4
493
114
8
6
9
1,579

00
00
83
71
00
56
00
58
00
00
73
10
(JO
28
00
66
23
25
35
45
92

$40,641 65

Plan, permanent. P ar value o f shares, $50 and $130. Instalm ents are
10 cents and 25 cents weekly.
Shares in force Janu ary 1 , 1915, 2,556; shares issued du rin g the year, 607;
shares w ithdraw n during the year, 7 7 1 ; shares in force, 2,392. B orrow ing
members, 21, holding 192 shares; non-borrow ing members, 451, holding 2,200
shares.
Fem ale shareholders, 206, holding 921 shares.
T ota l dividends




112

R eport on Savings and L oan A ssociations

credited m em bers du rin g the year on instalm ent shares, $944.50; rate, 4
j>er cent.
N o u n paid w ithdraw als. M em bership fee, 10 cen ts and 25 cents. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $840.38. U npaid, none. Prem ium plan, instalm ent.
In terest paid b y b orrow in g members, 6 per cent. Prem ium paid b y b or­
row in g members, 1 per cent.
Loans have been made in E rie county, N ew Y ork State. Largest m ortgage
loa n outstanding, $2,600. M ortgages in force in N ew Y ork State, $25,140.
T w o foreclosures d u rin g the year.

GOODELL PERMANENT LOAN ASSOCIATION
N o. 109 G oodell street, B uffalo, N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
Post-office addresses
J. HENRY WALLENHORST.................. 82 Goodell Street.
JOHN R. SCHWEIGERT........................ M Holland Street.
WILLIAM C. GERLACH........................ 207 Goodell Street.
CHARLES J. DBCKOP............................ 328 Brisbane Bldg.

ASSETS
L oan s on bond and m ortg a g e ................................................................
C on tracts fo r th e sale o f real esta te....................................................
Cash o n hand and in b a n k .....................................................................
F u rn itu re and fixtures ............................................................................
Interest, premium, fees and fines due and unpaid..................

$ 7 1 ,7 3 0 00
575 0 0
1 0,174 30
379 33

$61 15

$ 8 2 ,8 5 8 63
LIABILITIES
D ue sharebolders, dues ............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaran ty fund (as per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ........................................................ ....

$ 7 0 ,6 5 9
8 ,9 8 4
583
1,891
740

75
57
26
05
00

$ 8 2 ,8 5 8 63
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
D ues credited to m em bers............................................
M ortgages redeemed, foreclosed o r transferred t o real e s ta te ..
R eal estate sold ....................................................................................
Fees received ................................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t received ..............................................................................................
R e a l estate con tract ..................................

$ 8 ,4 9 8
3 6 ,1 0 8
8 ,9 3 0
2 ,3 5 0
110
4 ,4 8 4
210
72
25

50
50
00

00
25
04
00
00
00

$60,7 8 8 29
DISBURSEMENTS
Loaned on m ortgage ................................................................................
D ues repaid o n w ith draw al, o r applied on lo a n s .................... ........
D ividends paid on w ith draw al, o r applied o n lo a n s ...................
P a id f o r T eal e s t a t e ......... .........................................................................
P a id salaries and clerk -h ire...................................................................




$ 1 3 ,7 4 0 00
3 0 ,8 7 9 0 0
2 ,1 7 0 83
1,599 00
7 4 7 00

113

E rie County
P a id advertising, p rin tin g and p osta ge...............................................

$19 45

Paid, ta xes, insurance, e te ................................................................... - P a id banking departm ent, exam in ation ...............................................
P a id banking departm ent, assessm ent.................................................
Officers’ bonds ............................................................................................
B ea l estate con tracts .................................................................................
L itiga tion expenses ...................................................................................
Prem ium rebated .......................................................................................
Fees refunded ..............................................................................................
Com m ission on sale o f real esta te ........................................................
S e a r c h ...............................................................................................................
L egal expenses ...........................................................................................
L oan com m ittee ........
(Mice repairs ................................................................................................
F u r n it u r e .............. .........................................................................................
Jan itor . . ....................................................................................................
W ater and gas ...........................................................................................
M is ce lla n e o u s ........................................................ '.......................................
Cash on hand December 31, 1915.................................... .....................

98
19
6
12
600
258
64
2
100
5
11
18
33
6
18
16
3
10,174

29
00
40
00
00
95
00
00
00
00
15
00
42
25
44
11
70
30

$60,788 29

P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 3,007; shares issued du rin g th e yea r, 441;
shares w ithdraw n during the year, 5 6 3 ; shares in force, 2,885. B orrow ing
m em bers, 36, h oldin g 288 shares; non-borrow ing members, 396, holding 2,597
shares.
Fem ale shareholders, 265, holdin g 1,573 shares.
T ota l dividends
credited m em bers du rin g the yea r on instalm ent shares, $3^90.04, rate, 4
per eent. to 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cants per share. O perating
expenses, as defined in section 390 o f th e Banking Law , incurred and paid
durin g the year, $1,084.12. U npaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 6 per cent.
Prem ium paid by borrow ing members, $5 per sh a re
Loans have been made in E rie cou n ty, New Y ork S t a te Largest m ortgage
loan outstanding, $4,600. M ortgages in foree in New Y o rk State, $71,370.
One foreclosure du rin g the year.

HAMBURGH SAVINGS AND LOAN ASSOCIATION
M ain street, H am burg, N. Y .
[Organized under Law o f 1851. Commenced business 18901
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Names
NEWTON C. F IS H ............................
GEORGE J. BBENDEL....................
OTHO CHURCHILL .....................
FRANK C. BRENDEL......................

Post-office addresses
Hamburg, N. Y.
Hamburg, N. Y.
Hamburg, N. Y.
527 Brisbane Building,
Buffalo, N. ¥.

ASSETS
Loans on bond and m ortga ge.................................................................
Loans on s h a r e s .........................................................................................
Contracts for the sale o f real esta te...................................................
Cash on hand and in b a n k .......................................................................




$64,181 24
2 ,949 00
1,070 4 3
6 ,7 0 8 17
$ 74,908 84

114

R eport on S avings and L oan A ssociations

LIABILITIES
D ues shareholders, d u es............................................................................
D ue shareholders, m atured shares........................................................
D ue shareholders, dividends credited .................................................
U n divided p r o f i t s ...................................... ................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ..................
U nearned o r rebatable prem iu m ............................................................

$62,729 75
51100
8 ,9 3 2 35
480 8 6
1,4 59 87
786 01
$74,9 0 8 84

RECEIPTS
Cash on hand Ja n u a ry 1, 1915...................................
Dues credited t o members
...................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
L oans on shares repaid ..........................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem iu m r e c e iv e d ...............................
R eal estate con tra ct ................................................................................
P r o fit on sale o f real esta te...................................................................

$ 3 ,95 0 84
2 6 ,87 3 00
12,003 36
1 ,001 00
16 0 0
186 51
4 ,0 7 5 65
270 00
38 00
230 89
$48,741 25

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares ........................................................ '..............................
D ues repaid on w ithdraw al, o r applied on lo a n s .............................
P a id m atured shares...................................................................................
D ividends pa id on w ithdraw al, o r applied on lo a 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, p rin tin g and p osta ge.............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
A ttorn ey’s fees ............................................................................................
In ciden tals ....................................................................................................
Cash on hand December 31, 1915........................................................

$20,851
1,345
7 ,8 9 7
10,185
916

17
00
90
70
95

149 50
300 00
3125
85 00
22 00
5 47
236 89
6 25
6 ,7 0 8 17
$48,741 25

P lan , serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force Janu ary 1, 1915, 1,472; shares issued durin g th e year, 41 8 ;
shares w ithdraw n du rin g the year, 5 4 8 ; shares in force, 1,342. B orrow in g
-members, 22, holdin g 217 shares; non-borrow ing members, 167, h oldin g 1,125
shares.
Fem ale shareholders, 76, holding 428 shares.
T ota l dividends
credited members during th e year on instalm ent shares, $3,860.85; rate, 5,46
per cent. T o ta l dividends credited o r paid in cash t o members du rin g the
yea r on other shares, $149.50; rate, 4 % per cent.
N o unpaid w ithdraw als.
A m ount o f shares matured during the year,
$6,666.70. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e B anking Law , incurred and paid du rin g the year, $422.50.
U npaid, none.
Prem ium plan, gross. In terest paid b y borrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, $5 per share.
Loans have been made in E rie cou nty, N ew Y ork State. Largest m ortgage
loan outstanding, $6,000. M ortgages in force in New Y ork State, $64,181.24.
•One foreclosure during th e year.




E rie County

115

HERCULES PERMANENT SAYINGS AND LOAN ASSOCIATION
N o. 217 Cherry street, B uffalo, N, Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1885]

Names
ALIOS IIEGER..........................
WILLIAM C. CRAMER.........
GEORGE SPINDLER.............
JACOB STEIN..........................

Post-office addresses
76 Rose Street.
24 Loeust Street.
242 Cherry Street.
Mooney and Brisbane Bidg.

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

$ 2 ,4 7 0 00
689 47
50 00
$3 ,20 9 47

LIABILITIES
D ue shareholders, du es............................................................................
Due shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ................

$ 2 ,95 5 50
129 50
1 00
123 47
$ 3 ,20 9 47

RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Fees received ..............................................................................................
Interest received .......................................................................................

$1,355
6 ,0 4 8
130
47
163

83
00
00

22
45

$7 ,74 4 50
DISBURSEMENTS
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, prin tin g and p osta ge.............................................
P aid banking departm ent, exa m in a tion ............................................
P aid banking departm ent, assessm ent...............................................
Cash on hand Decem ber 31, 1915........................................................

$6,811
78
140
9
14

25
26
45
29
50
1 28
689 47

$7 ,74 4 50
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 6 9 6 ; shares issued during the year, 360;
shares w ithdraw n du rin g the year, 6 1 1 ; shares in force, 445. B orrow ing
members, 3, h oldin g 25 shares; n on-borrow ing members, 54, holding 420
shares. Fem ale shareholders, 18, holding 122 shares. T ota l dividends credited
members durin g th e year on instalm ent shares. $41.72; rate, 3 % per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
during the year, $149.74. 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. L argest m ortgage
loan outstanding, $1,040. M ortgages in force in New Y ork State, $2,470.
No foreclosures du rin g the year.




116

R eport on Savings and L oan A ssociations
HOMESTEAD SAVINGS AND DOAN ASSOCIATION
N o . 380 P ea rl street, B uffalo, N . Y .
[Organized under Law .of 1851.

Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1884]

Names
GEORGE TROUP.............
CHARLES H. RODGERS
CHARLES E. M OREY..
ERED GREINER.............

Post-office addresses
Holland, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.

ASSETS
L oan s on bond and m ortg a g e.................................................................
L oan s on shares ..................................................................................... ..
R ea l estate ...................................................................................................
Cash on hand and in b a n k ........................................................................
F urn itu re and fixtu res.................. ............................................................

$ 8 2 3,0 8 0
40 ,20 7
2 7 ,0 0 0
6 1 ,663
1 ,050

00
00

00
04
00

$ 9 53,090 04
LIABILITIES
D ue shareholders, d u es................................... .........................................
B alance t o be paid borrow ers on m ortgage lo a n s ...........................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f B anking L a w ) ....................
Unearned o r rebatable prem iu m .............................................................
C ontingent dividends .................................................................................
Incom e shares, dividends .....................................................
In divid u al accounts ................................................
Suspense accou nt .......................................................................................

$859,916
1 5 ,4 5 0
11 ,44 2
4 4 ,5 0 0
10,721
10,324
516
115
102

71
00
25
00
92
65
00
81
70

$9 5 3,0 9 0 04
RECEIPTS
Cash on hand Janu ary 1, 1915...................................................
D ues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real e s t a t e ..
Loans on shares r e p a i d ...................................
Fees received ................................................................................................
In terest r e c e iv e d ..........................................................................................
Prem ium received ...................................................................................,
R en t received ..............................................................................................
In divid u a l accounts ............................................................
Suspense account .......................................................................................
E x p e n s e s .........................................................................................................

$11,817 65
3 2 5 ,3 6 0 90
9 1 ,3 0 5 00
176,8 9 0 0 0
1 ,1 4 6 40
4 7 ,8 9 5 92
2 ,0 1 6 00
360 00
1 ,0 0 5 75
•181 49
13 21
$657,972 32

DISBURSEMENTS
Loaned on m ortgage ...............................................................................
Loaned on shares ........................................................................................
D im and dividends repaid on w ithdraw al, o r applied on loa n s.
P a id m atured shares ..............................................................................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id salaries and elerk-hire......................................................................
P a id advertising, p rin tin g and p osta ge...........................................
P a id r e n t .......................................................................................................
P a id repairs t o real esta te........................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................




$ 9 1 ,9 0 0
168,670
187,622
125,728
1 ,4 5 3
4 ,4 2 4
520
425
870

00
00
03
71

00
00
11
00
53
4 3 9 76
? 9 50
64 46

E rie County

117

In divid u a l accou nts ..................................................................................
Suspense accou nt .......................................................................................
C on tin gent d iv id e n d s ................................................................................
P r o fit and loss, m ortga ge lo a n s............................................................
M ortga ge taxes ............................................................................................
Prem ium s rebated .....................................................................................
Fees rebated ................................................................................................
In terest rebated .........................................................................................
Sundry expenses .........................................................................................
Cash on hand December 31, 1915..................................,.......................

$1, 161
184
9 ,5 2 3
1,041
322
474
21

57
91
50
70
00
25
00

42 42
1 ,340 23
61 ,66 3 04
$657,972 32

P lan, permanent. P a r value o f shares, $50 and $100. Instalm ents are
cents and 2 0 cents weekly.
Shares in fo rce Janu ary 1, 1915, 4 0 ,3 5 0 % ; shares issued du rin g the year,
8 ,1 1 9 % ; shares w ithdraw n du rin g the year, 8,938; shares in force, 39,532.
B orrow in g members, 353, holdin g 6,821 shares; non-borrow ing m em bers, 2,685,
holding 32,711 shares. Fem ale shareholders, 1,645, h oldin g 21,769 shares.
T o ta l dividends credited members du rin g the year on instalm ent shares,
$38,279.15; rate, 4 per cent. T ota l dividends credited o r paid in cash to
members du rin g the year on other shares, $1,356; rate, 4 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$135,252.21.
E ntrance fee, 20 cents per share.
O perating expenses, as
defined in section 390 o f the B anking Law , incurred and paid durin g th e year,
$6,696.13. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g mem bers, 5 per cent,
and 6 per cent. Prem ium paid b y b orrow in g mem bers, $4 p er $100 share.
Loans have been made in E rie and Genesee counties, N ew Y ork State.
Largest m ortgage loan outstanding, $18,400. M ortgages in force in New
Y ork State, $823,080. N o foreclosures durin g the year.
10

HYDRAULIC MUTUAL SAYINGS AND LOAN ASSOCIATION
N o. 780 Seneca street, B uffalo, N . Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1881]

Names
EDWARD A ST ......................................
JULIEN A. RIESTEK......................
EUGENE J. RIESTER......................
HENRY J. ROSCHE...........................

Post-office addresses
210
Baltz Avenue.
230
East Ferry Street.
588
Llnwood Avenue.
287
East North Street.

ASSETS
L oans on bond and m ortg a g e.................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k ...................................... •.............................
F u rn itu re and fixtures ............................................................................

$69,842 00
4 ,4 3 5 41
15,682 06
75 0 0
$ 90,034 47

LIABILITIES
Due shareholders, dues .......................................................... ' ................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ............................................................




$76,045
5 ,6 8 6
5 ,0 0 0
3 ,3 03

00
38
00
09

$90,034 47

118

R epoet on Savings and L oan A ssociations
r e c e ip t s

Cash on hand Ja n u a ry 1 , 1915...............................................................
D ues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
B eal estate sold ..........................................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
B en t r e c e iv e d ...................................
•Clerical error ..............................................................................................

$ 6 ,4 9 4
30 ,67 8
2 9 ,18 5
5 ,6 1 4
253
135
4 ,2 1 8
950
1 ,029

73
75
75
95
75
53
73
00
15
25

$78,561 59
DISBURSEMENTS
Loaned on m ortgage ................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares .................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id ren 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 a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Prem ium s rebated .....................................................................................
In terest rebated ............................. ............................................................
L oss on sale o f real esta te.....................................................................
Com m ission on sale o f real esta te.......................................................
Com m ission fo r collectin g r e n t.....................................
S e a r c h e s ..........................................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$22,8 5 0
2 7 ,3 9 4
9 ,2 3 9
736
44
104
508
393
21
7
20
868
504
27
102
56
15,682

00
49
17
70
43
00
22
23
50
57
00
36
50
95
50
91
00
06

$78,561 59
P lan , permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 2,531; shares issued during th e year, 1,015;
shares w ithdraw n du rin g the year, 1,246; shares in force, 2,300. B orrow ­
ing mem bers, 39, h oldin g 365 shares; non-borrow ing members, 379, h oldin g
1,935 shares. Fem ale shareholders, 202, h oldin g 834 shares. T ota l dividends
credited members during th e year on instalm ent shares, $3,413.97 rate, 5
per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$9,239.17. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid during the year, $1,008.04. U npaid, none.
Prem ium plan, gross. In terest paid b y b orrrow in g mem bers, 1 2% eents
per share w eekly. Prem ium paid by borrow in g members, $ 1 0 per share.
Loans have been made in E rie county, New Y o rk State. L argest m ortgage
loan outstanding, $4,500. M ortgages in force in New Y ork State, $69,842.
N o foreclosures during the year.




119

E rie County

INDUSTRY PERMANENT DIME SAVINGS AND LOAN ASSOCIATION
N o. 173 Peckham street, B uffalo, N. Y .
[Organized under Law of 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1891]

Names

Post-office addresses

CHARLES B. TH IE SF E LD .. 147 Peckham Street.
P. J. P. ROSENKRANZ........... 18 Sweeney Street.
FRED W EISS............................ SO Herman Street.
THEODORE STEEG............... Genesee St. and Fillmore Ave.

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

$22,000 00
10,187 23
$32,187 23

LIABILITIES
Due shareholders, dues ...............................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ....................
Unearned o r rebatable prem iu m ..........................................................

$25,729
3 ,1 08
789
1,360
1 ,2 0 0

14
01
13
95
00

$32,187 23
RECEIPTS
Cash on hand J anu ary 1 , 1915..............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or tran sferred to real esta te. .
Pees received ..............................................................................................
Interest received .......................................................................................

$ 8,278
13,640
400
84
1,475

03
67
00
45
95

$23,8 7 9 10
DISBURSEMENTS
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 elerk-hire.................................................................
P aid rent .......................................................................................................
P aid banking departm ent, exa m in a tion ...............................................
P aid banking departm ent, assessm ent...............................................
S t a tio n e r y .......................................................................................................
Cash on hand December 31, 1915..........................................................

$12,320 73
902 22
437 25
10 00
1800
317
50
10,187 23
$ 2 3 ,8 7 9 10

Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Janu ary 1, 1915, 2 ,3 84 ; shares issued during the year,
2,003; shares w ithdraw n during the year, 2,178; shares in force, 2,209. B or­
row in g members, 8 , holding 214 shares; non-borrow ing members, 181, holding
1,995 shares. Fem ale shareholders, 55, h oldin g 410 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $1,200.25; rate, 4 per
cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
during the year $447.75. Unpaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, 10 per eent.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $5,400. M ortgages in force in New Y ork State, $22,000. N o
foreclosures du rin g the year.




120

R epoet on Savings and L oan A ssociations
IM SH-AM EHICAlf SAVINGS AHD LOAN ASSOCIATION
N o. 138 P ea rl street, B uffalo, N . Y .
[Organized radar Law of 1851.
Officers

President.....................
S e creta ry..................
Treasurer....................
Attorney.....................

Commenced business 1884]

Names
WILLIAM 3. FORSYTH
JOSEPH W. DOOLEY.
JAMES HANRAHAN..
GEO. J. COCH RANE...

Post-office addresses
Buffalo. H. Y.
Buffalo*. N. Y.
Buffalo. N. Y.
Buffalo, N. Y.

ASSETS
L oan s on bond and m o r t g a g e ............................................................... ^ , 1 0 8 , 0 1 9
L oans on shares ..........................................................................................
7 6 ,0 1 ?
Cash on hand and in b a n k .....................................................................
1 46,760
A dvances lo r taxes, insurance, e t c ......................................................
191

55
00
31
71

$ 2 ,3 3 2 ,7 8 8 57
LIABILITIES
D ue shareholders, dues ............................................................................ $ 2 ,0 1 6 ,2 2 5
D u e shareholders, dividends c r e d i t e d .................................................
185,873
U ndivided profits .......................................................................................
19,690
G uaran ty fun d (as per section 392 o f B anking L a w ) ..................
110,000
U nearned o r rebatable p r e m iu m ..........................................................
1 ,0 0 0

39
15
03
00
00

$ 2 ,3 3 2 ,7 8 8 57
RECEIPTS
Cash on hand J anu ary 1 , 1 9 1 5 .............................................................
D o e s credited t o members ......................................................................
M ortgages redeemed, foreclosed o r tran sferred to real estate . .
Loans on shares r e p a i d .................................... ........................................
Fees r e c e iv e d ................................................................................................
F ines received ............................................................................................
In terest received ......................... ..............................................................
D ividends retained on w it h d r a w a ls ....................................................
A dvances repaid ..........................................................................................

$158,632
8 59,806
247,667
6 0 ,20 4
3,501
453
124,247
6 ,7 3 4
177

52
54
39
25
50
33
08
81
00

$ 1 ,4 6 1 ,4 8 4 42
DISBURSEMENTS
L oan ed on m ortgage .................................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, o r applied on l o a n s .........................
P a id m atured shares .................................................................................
D ividends p a id on w ith draw al, o r applied on l o a n s ....................
P a id salaries and c le r k -h ir e ...................................................................
P a id advertising, prin tin g and p o s t a g e .............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id bank in g departm ent, a s s e s s m e n t...............................................
A dvances fo r taxes, insurance, etc.........................................................
A pp ra isa ls .....................................................................................................
A u d itin g .......................................................................................................
In divid u a l accounts ...................................................................................
Cash on hand Decem ber 31, 1915..........................................................




$480,295
72 ,14 4
4 43,756
271,175
31 ,56 9
8 ,8 71
1 ,3 99
2 ,4 0 0
182
149
249
1 ,9 8 8
30
512
146,760

00
75
97
50
55
96
02
00
00
79
47
00
00
10
31

$ 1 ,4 6 1 ,4 8 4 42

E rie County

121

Plan, serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force Janu ary 1, 1915, 60,558; shares issued during th e year,
13,128; shares w ithdraw n during the year, 7,876; shares in force, 65,810.
B orrow in g members, 800, holding 9,183 shares; non-borrow ing members,
6,996, h oldin g 56,627 shares.
Fem ale shareholders, 3,808, h oldin g 32,905
shares. T o ta l dividends credited mem bers du rin g the yea r on instalm ent
shares, $89,402.05; rate, 4 per cent., 5 per cent, and 6 per cent. T o ta l
dividends credited or pa id in cash t o members du rin g the year on other
shares, $12,734.80; rate, 4 per cent.
N o unpaid w ithdraw als. A m ou n t o f shares m atured du rin g the year,
$271,175.50.
Entrance fee, 25 cents per share.
O perating expenses, as
defined in section 390 o f the Banking Law , incurred and paid during the
year, $15,201.08. U npaid, none.
Prem ium plan, gross. In terest p a id b y b orrow in g mem bers, 6 per cent.
N o prem ium charged.
Loans have been m ade in E rie eounty, N ew Y ork State. L argest m ortgage
loan outstanding, $20,700. M ortgages in force in New Y ork State, $2,108,919.55. Tw o foreclosures during the year.

ITALIAN-AMERICAN SAVINGS AND LOAN ASSOCIATION
N o. 228 C ou rt street, Buffalo, N. Y .
[Organized under Law o f 1914.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1915]

Karnes
CARMELO G U G IN O ..............................
MICHELE CABONI ...............................
MICHELE CABONI ...............................
HORACE O. LANKA..............................

Post-office addresses
228
228
228
923

Court Street.
Court Street.
Court Street.
White Building.

ASSETS
Loans on bond and m o r t g a g e .................................................................
Cash on hand and in b a n k .....................................................................

$ 10,800 0 0
4 ,3 8 5 00
$15,1 8 5 00

LIABILITIES
Due shareholders, dues ............................................................................
Undivided profits .......................................................................................

$14,941 25
243 75
$15,1 8 5 00

RECEIPTS
Dues credited to mem bers .....................................................................
Fees received ................................................................................................
Interest received .........................................................................................

$19,285 67
16 25
228 00
$19,529 92

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ithdraw al, or applied on l o a n s .........................
P rotest fee ....................................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$ 10,800 00
4 , 3 4 4 42
50
4 ,3 8 5 0 0
$19,529 92

Plan, perm anent. P a r value o f shares, $130. Instalm ents a re 25 cents
weekly.
Shares in force Janu ary 1 , 1915, n on e; shares issued d u rin g th e year, 5 9 1 ;
shares w ithdraw n du rin g the year, 6 0 ; shares in force, 531. B orrow ing




122

R epoet on Savings and L oan A ssociations

members, 3, h oldin g 6 8 shares; n on-borrow ing members, 38, holding 468
shares. Fem ale shareholders, 4, holding 12 shares.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g th e year, 50 cents. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 6 per cent.
N o prem ium charged.
Loans have been made in E rie cou nty, New Y ork State. L argest m ortgage
loan outstanding, $4,300. M ortgages in force in New Y ork State, $10,800. N o
foreclosures during the year.

JEFFERSON SAVINGS AND LOAN ASSOCIATION
N o. 1271 Jefferson street, Buffalo, N . Y .
[Organized under Law o f 1914.
Officers
President....................
Secretary.....................
Treasurer...................
A t t o r n e y . . . . ............

Commenced business 1915]

Names

Post-office addresses

WILLIAM G. BISHOP...........
E. O. HEBERLEIN.................
GEORGE SCHAAF.................
FREDERICK G. BAG L E Y ...

1294 Jefferson Street.
230 Landon Street.
97T Humboldt Parkway.
810 Chamber o f Commerce
Building.

ASSETS
L oan s on bond and m o r t g a g e .................................................................
Cash on hand and in b a n k .....................................................................

$11,0 0 0 00
1,265 43
$12,265 43

L IA B IL IT IE S

D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................

$10,653
50
1 ,5 00
57
3

75
65
00
98
05

$ 12,265 43
R E C E IPTS

D ues credited to members .....................................................................
Fees received ..............................................................................................
In terest received .......................................................................................

$ 1 2 ,1 6 4 00
118 25
104 23
$12,3 8 6 48

DISBURSEMENTS
Loaned on m ortgage .................................................................................
D ues repaid on w ithdraw al, or applied on loans .........................
P a id rent .......................................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$ 9 ,5 0 0
1,5 10
110
1,265

00
25
80
43

$12,386 48
P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
w eekly.
Shares in force Ja n u a ry 1, 1915, n on e; shares issued durin g the year,
2,265; shares w ithdraw n during the year, 3 7 9 ; shares in force, 1 ,8 8 6 . N o
borrow in g members.
N on -borrow in g members, 388, holding 1,886 shares.
Fem ale shareholders, 165, holding 779 shares.
T ota l dividends credited
members du rin g the year on instalm ent shares, $49.65; rate, 4 per cent.
T o ta l dividends credited o r pa id in cash t o members during the year on other
shares, $ 1 ; rate, 4 per cent.




E rie County

123

N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
durin g the year, $110.80. U npaid, none.
Prem ium plan, instalm ent. Interest pa id b y borrow in g members, 6 per
cent. Prem ium paid b y borrow in g members, 5 cents per share.
Loans have been made in E rie county, New Y ork State. L argest m ortgage
loan outstanding, $2,200. M ortgages in force in N ew Y ork State, $9,500. N o
foreclosures du rin g the year.

LACKAWANNA SAVINGS AND LOAN ASSOCIATION
N o. 1005 R idge road, Lackawanna, N. Y .
[Organized under Law o f 1914.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1914]

Names
Post-office addresses
TALMADGB BLASS................................... Lackawanna, N. Y.
GEORGE H. W ICKS................................... Lackawanna, N. Y.
L. L. WESTBROOK.................................. Lackawanna, N. Y.
JOHN J. SULLIVAN................................... Lackawanna, N. Y.

ASSETS
Loans on bond and m ortgage ..............................................................
Cash on hand and in b a n k .......................................................................

$ 3 ,00 0 00
2 ,3 0 8 28
$5 ,30 8 28

LIABILITIES
Due shareholders, dues ..........................................
Undivided profits ......................................................
Special deposits ........................................................
A ccounts payable ......................................................

$5 ,25 6 50
14 14

20 00
IT 64
$ 5 ,30 8 28

RECEIPTS
Cash on hand Janu ary 1 , 1915 ............................................................
Dues credited to members .....................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................

$369 50
4 ,8 8 9 00
46 00
61
6 8 80
$5,373 91

DISBURSEMENTS
Loaned on m ortgage ................................................................................
P a id advertising, p rin tin g and postage ..........................................
P aid banking departm ent, assessment ...............................................
Officers’ bonds ............................................................................................
Cash on hand December 31, 1915 ........................................................

$3 ,00 0
40
1
24
2 ,3 0 8

00
60
03
00
28

$ 5,373 91
Plan, perm anent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force Janu ary 1, 1915, 4 0 6 ; shares issued durin g the year, 273;
shares w ithdraw n du rin g the year, n on e; shares in force, 679. B orrow ing
members, 2, holding 30 shares; non-borrow ing members, 61, h oldin g 649
shares. Fem ale shareholders, 6 , h oldin g 46 shares.
N o unpaid w ithdraw als.
M em bership fee, $1.
O perating expenses, as
defined in section 390 o f the Banking Law , incurred and paid durin g the
year, $64.60. O perating expenses, as defined in section 390 o f the Banking
Law , incurred du rin g the year and rem aining unpaid, $37.64.




124

R epost on S avings and L oan A ssociations

N o prem ium plan. In terest pa id b y b orrow in g mem bers, 6 per cent. N o
prem ium charged.
Loans have been made in E rie cou nty, N ew Y o rk State. L argest m ortga ge
loan outstanding, $2,000. M ortgages in force in N ew Y ork S ta te, $3,000. N o
foreclosures du rin g th e year.

LOYEJOY PERMANENT DIME SAVINGS AND LOAN ASSOCIATION
N o. 608 W illia m street, B uffalo, N . Y .
[Organized under Law of 1831.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................

Commenced business 1891J

Names
HENRY SCHMIDT.............................
CHARLES IX)WENSTEIN................
ANTON VOLK.....................................
J. ADAM W EISS.................................

Post-office addresses
39 Blake Street.
1540 Fillmore Avenue.
93 Stanton Street.
Mutual Life Bldg.

ASSETS
Loans on bond and m o r t g a g e .........................
Loans on shares ................................................. .
Cash on hand and in b a n k ...............................

$17,4 1 7 50

1,010 00
1,841 75
$20,2 6 9 25

LIABILITIES
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends credited .................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ..............
Unearned o r rebatable prem ium ........................................................

$ 1 6 ,6 8 2
1 ,3 5 0
837
1 ,0 00
398

90
41
24
00
70

$ 20,269 25
RECEIPTS
Cash on hand January 1, 1915 ..........................................................
Dues credited to members ......................................................................
M oney borrow ed ..........................................................................................
M ortgages redeemed, foreclosed o r transferred to real estate . .
Loans on shares repaid ..........................................................................
Pees received ..............................................................................................
Interest received ........................................................................................
Prem ium received .....................................................................................

$ 2 ,4 6 4
17,048
1 ,0 00
4 ,5 5 3
1 ,102
156
1 ,1 64
243

42
40
00
75
85
80
77
90

$ 27,734 89
DISBURSEMENTS
Loaned on m ortgage .............................................................................
Loaned on shares .......................................................................................
Dues rep aid on w ithdraw al, or applied on l o a n s .........................
D ividends paid on w ithdraw al, or applied on l o a n s ......................
P a id borrow ed m oney and p rio r m o r t g a g e s ....................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s ..............
P a id salaries and c le r k - h i r e .................................................................
P a id advertising, prin tin g and p o s t a g e .............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, assessment ...............................................
Officers’ bonds ...................
Cash on hand Decem ber 31, 1915 ........................................................




$ 4 ,40 0
472
18,425
913
1 ,0 0 0
40
531
54
20
21
2
12
1,841

00
50
50
52
00
00
00
58
00
50
54
00
75

$ 2 7 ,7 3 4 89

E rie County

125

Plan, permanent. P a r value o f shares, $100. Instalm ents a re 10 cents
weekly.
Shares in force Ja n u a ry 1, 1915, 2,901; shares issued during the year,
2,185; shares w ithdraw n during the year, 2,235; shares in force, 2,851.
B orrow in g members, 21, holding 530 shares; non-borrow ing members, 205,
holding 2,321 shares.
Fem ale shareholders, 8, holding 80 shares. T ota l
dividends credited members during the year on instalm ent shares, $804.50;
rate, 6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 o f th e Banking Law , incurred and paid
du rin g th e year, $617.58. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, 7 % per cent.
Loahs have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $2,257.50.
M ortgages in force in New Y ork State,
$17,417.50. N o foreclosures during th e year.

NIAGARA SAVINGS AND LOAN ASSOCIATION
N o. 12 M ain street, Tonaw anda, N . Y .
[Organized under Law of 1891.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1890]

Names
FRED
E. W.
JOHN
JOHN

ENGELKING.............................
BETTS................................................
G. WALLEN'MEIBR, J a .................
K. PATTON...................................

Post-offic-j addresses
Tonawanda, N. Y.
Tonawanda, N. Y.
Tonawanda. N. Y.
Tonawanda, N. Y.

ASSETS
Loans on bond and m o r t g a g e .................................................................
Loans on shares .........................................................................................
B eal estate ................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ............................................................................
Advances fo r taxes, insurance, etc.........................................................
Instalments due and unpaid....................................................
Interest, premium, fees and fines due and unpaid.................

$924,506
7 ,4 1 0
1,6 28
271
500
99

93
00
11
70
00
52

$4,5*2 25
1,540 79

$934,416 26
LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends credited .................................................
B orrow ed m oney .......................................................................................
Undivided profits .....................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ................

$745,606
115,286
2 0 ,28 0
2 1 ,2 4 3
32 ,00 0

50
53
00
23
00

$934,416 26
RECEIPTS
Cash on hand Ja n u a ry 1, 1915 ............................................................
Dues credited t o m em bers .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares r e p a i d ............................................................................
B eal estate sold .........................................................................................
Fees received ..............................................................................................
Fines r e c e iv e d ...........................................
Interest received .......................................................................................




$ 1,323
266,550
162,360
152,464
5 ,0 7 0
7,381
1,928

61
00
00
00
00
37
75

893

95

52,791 47

126

R epoet on Savings and L oan A ssociations

P rem ium r e c e iv e d .......................................................................................
D ividends retained on w ithdraw als ....................................................
Advances repaid .........................................................................................
In divid u al accounts ...................................................................................
P ro fit and loss, real estate ...................................................................
Office fixtures ..............................................................................................

$5 ,23 9
3 ,4 8 9
70
5 ,5 6 6
2 ,2 4 7
4

25
42
02
40
08
00

$667,379 32
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s ........... ...........................................................................
Dues repaid on w ithdraw al, or applied on lo a n s......... .................
P aid m atured s h a r e s ................................................................................
D ividends paid on w ith draw al, or applied on l o a n s ....................
P a id borrow ed m oney and p rior m o r t g a g e s ....................................
P a id interest on b orrow ed m oney and p rior m o r t g a g e s ...........
P a id fo r real estate ................................................................................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, p rin tin g and p o s t a g e .............................................
P a id ren t .......................................................................................................
P a id repairs to real e s t a t e .....................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
A dvances fo r taxes, insurance, etc.......................................................
In divid u a l accounts, fire in s u r a n c e ...................................................
Foreclosure costs .......................................................................................
L egal expenses ................................................................. , ........................
Com m ission on sale o f real e s t a t e ......................................................
M iscellaneous office expenses ...............................................................
Cash on hand Decem ber 31, 1 9 1 5 ........................................................

$190,970
5 ,5 9 0
1 08,616
149,500
1 0,594
180,720
1 ,4 13
6 ,0 5 4
3 ,2 5 6
127
300
25
30
93
64
80
8 ,1 0 7
1 ,3 70
7
45
142
271

00
00
00
00
30
00
46
58
00
59
00
00
58
00
62
02
05
68
47
00
27
70

$667,379 32
P lan , serial. P a r value o f shares, $130. Instalm ents a r e 25 cents weekly.
Shares in force Janu ary 1, 1915, 20,377; shares issued du rin g th e year,
7,547; shares w ithdraw n du rin g the year, 5,821; shares in force, 22.103.
B orrow in g members, 650, h oldin g 6,796 shares; n on-borrow ing members,
2,106, h oldin g 15,307 shares. Fem ale shareholders, 1,248, h oldin g 7,264 shares.
T ota l dividends credited mem bers d u rin g th e year on instalm ent shares,
$50,164.54: rate, 6 3 /1 0 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$149,500. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e Banking Law , incurred and paid d u rin g the year,
$3,825.86. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 6 per
cent. Prem ium pa id b y b orrow in g mem bers, 2 cents per share per week.
Loans have been made in E rie and N ia ga ra counties, N ew Y o rk State.
L argest m ortgage loan outstanding, $12,091. M ortgages in force in New
Y o rk State, $924,508.93. F ou r foreclosures du rin g the year.




127

E rie County

THE PEOPLE’S DIME SAVINGS AND LOAN ASSOCIATION No. 2
N o. 338 Genesee street, Buffalo, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1890]

Names
GEORGE J. FL1ERL................................
FRED SCHULTZ......................................
A. C. KRANICHFBLD..............................
J. J. STEIN...............................................

Post-office addresses
45 Waverly Street.
166 Cherry Street.
434 Genesee Street.
Brisbane Building.

ASSETS
Loans on bond and m ortgage ..............................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ..........................................................................

$ 9 4 ,2 0 0
7 ,0 0 0
13,412
300

00
00
49
00

$114,912 49
LIABILITIES
Due shareholders, dues ..........................................................................
Due shareholders, dividends credited .................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L aw ) ..............
Salaries .........................................................................................................

$101,706
9,5 07
1,125
2 ,0 6 5
508

10
33
56
00
50

$114,912 49
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real estate . .
Fees received ..............................................................................................
Fines received ............................................................................................
Interest received .......................................................................................
Rent received ..............................................................................................

$11,919
83,711
7 ,6 00
471
116
4 ,7 70
365

86
20
00
90
09
78
89

$108,955 72
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ithdraw al, o r applied on l o a n s .........................
D ividends paid on w ithdraw al, or applied on l o a n s ....................
P aid salaries and c le r k -h ir e ...................................................................
P aid advertising, p rin tin g and p o s t a g e .............................................
P aid repairs to real estate ...................................................................
P a id taxes, insurance, etc .....................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessment ...............................................
Officers’ bonds .............................................................................................
State League dues .....................................................................................
L ight, heat and w a t e r ..............................................................................
B ooks and supplies ..................................................................................
Cash on hand December 31, 1915 ........................................................

$ 6,400 00
84,054 30
2 ,4 9 9 57
1,512 00
144 75
429 36
178 93
21 50
914
12 00
5 50
54 44
221 74
13,412 49
$108,955 72

P lan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1915, 15,480; shares issued durin g the year,
4,719; shares w ithdraw n during th e year, 4,333; shares in force, 15,866.
B orrow ing members, 49, holdin g 942 shares; non-borrow ing members, 1,071,
holding 14,924 shares. Fem ale shareholders, 657, holding 7,564 shares. Total




128

R epoet of S avings and L oan A ssociations

dividends credited m em bers d u rin g the year on instalm ent shares, $2,675.12;
rate, 3 per emit, and 4 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share.
O perating
expenses, a s defined in section 390 o f the Banking Law , incurred and paid
du rin g th e yea r, $1,950.43. O perating expenses, as defined in section 390
o f the B anking Law , incurred du rin g th e year and rem aining unpaid,
$508.50.
N o prem ium plan. In terest pa id b y b orrow in g m em bers, 6 per cent. N o
prem ium charged.
Loans have been made in E rie cou nty, New Y o rk State. L argest m ortgage
loan outstanding, $7,000. M ortgages in force in N ew Y ork State, $94,200.
N o foreclosures du rin g the year.

POLISH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 615 F illm ore avenue, B uffalo, N . Y .
[Organized under Law of 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1909]

Names
ANTHONY SCIIREIBER....................
S. S. NOWICKI.....................................
S. LIPOWIGZ................................ . . . .
LEON J. NOWAK...............................

Post-office addresses
662 Fillmore Avenue.
615 Fillmore Avenue.
347 Peekham Street.
801 Fillmore Avenue.

ASSETS
Loans on bond and m o r t g a g e .................................................................
Cash on hand and in b a n k .....................................................................
Interest, prem ium , fees and fines due and unpaid ......................

$120,070 00
11,319 30
529 11
$131,918 41

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends c r e d it e d .................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ..............
Unearned o r rebatable prem ium ..........................................................

$123,493
3 ,0 4 3
4 ,3 8 3
900
96

89
89
70
00
93

$131,918 41
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
D ues credited to m e m b e r s ..........................
M ortgages redeemed, foreclosed o r transferred t o real estate . .
Fees received ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................

$ 8 ,7 0 4
7 7 ,74 9
7 ,0 2 5
167
6 ,3 0 7
72

65
43
00
00
08
00

$100,025 16
DISBURSEMENTS
Loaned on m ortgage ....................
D ues repaid on w ithdraw al, or applied on l o a n s ...........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p o s t a g e .............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
Cash on hand December 31, 1 9 1 5 ........................................................




$ 2 4 ,5 9 0
5 9 ,5 6 0
3 ,5 5 5
617
242
110
21
8
11,319

00
14
01
00
79
50
50
92
30

$ 100,025 16

E rie County

129

Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in fo rce Janu ary 1, 1915, 14,124; shares issued du rin g the year,
8,5 00 ; shares w ithdraw n during the year, 6,519; shares in force, 16,105.
B orrow in g members, 9, holding 36 shares; non-borrow ing members, 684, holding
16,069 shares.
Fem ale shareholders, 230, holdin g 3,770 shares.
T o ta l
dividends credited members du rin g the year on instalm ent shares, $1,351.71;
rate, 4 % per cent. T ota l dividends credited or paid in cash to members
du rin g the year on other shares, $2,740.32; rate, 4 per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
d u rin g the year, $970.29. Unpaid, none.
Prem ium plan, gross. In terest pa id b y borrow in g members, 6 per cent.
Prem iu m paid b y borrow in g members, $4 per share.
L oans have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $4,000. M ortgages in foree in New Y ork State, $120,070.
N o foreclosures du rin g the year.

RIVERSIDE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 1911 N iagara street, Buffalo, N. Y.
[ Organized under la w of 1894,
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1895]

Names
WILLIAM BRANDT...............
PRANK M. ROESSLER...........
GEORGE DEHLINGER..........
JOHN S. DRUAR.....................

Post-office addresses
Grace and Tonawanda Sts.
27 Farmer Street.
4 Hartman Place.
Erie Co. Sav. BankBldg.

ASSETS
Loans on bond and m o r t g a g e .......................
R eal estate ........................................................
Cash on hand and in b a n k .............................
Furniture and fixtures ....................................
Advances fo r taxes, insurance, etc...............

$122,950
7 ,7 3 9
21 ,97 4
410
343

00
86
69
56
63

$153,418 74
LIABILITIES
Due shareholders, dues and dividends .............................................
Due shareholders, m atured shares .....................................................
Undivided profits .......................................................................................
G uaranty fun d as per section 392 o f B anking L a w ) ......................

$142,827
4 ,9 4 8
2 ,1 4 2
3 ,5 0 0

51
43
80
00

$153,418 74
RECEIPTS
Cash on hand Janu ary 1, 1 9 1 5 ............................................................
Dues credited to members .....................................................................
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 .......................................................................................
Rent received .............................................................................................
D ividends retained on w ithdraw als ...................................................
Advances repaid .........................................................................................
E lectric ligh t refund ..............................................................................
Sundries, profit and loss .......................................................................

$7 ,25 4 48
9 5,811 17
15,250 00
39 00
6 ,3 2 4 96
1 ,6 4 3 '2 0
627 50
102 54
56 15
9 56
3 35
$127,121 91

5




130

R eport oh Savings and L oan A ssociations

DISBURSEMENTS
.Loaned on m ortgage ...................................................
D ues repaid on w ithdraw al, o r applied on loans
P a id m atured d i a r e s ...................................................
P a id salaries Mid clerk-hire ....................................
P a id advertising, p rin tin g and p o s t a g e ..............
P aid ren t ...................................... .................................
P aid repairs t o real e s t a t e .........................................
P a id taxes, insurance, etc............................................
P aid banking departm ent, exam ination ..............
P aid banking departm ent, a s se s s m e n t..................
Officers’ bonds .................... .........................................
A dvances fo r taxes, insurance, ete...........................
F u rn itu re and fixtures ................................. .............
l i g h t and heat ............................................................
Cleaning ..........................................................................
W ater ta x ........................................................................
Stationery ........................................................................
Expressage .....................................................................
Cash on hand Decem ber 31, 1915 .......................

$28,250
6 7 ,59 4
7 ,3 0 0
1 ,324
60
30
34
190
28
9
26
209
10
25
36
7
8

00
08
00
00
65
00
85
60
50
89
00
66
56
86
00
50
84'
23
2 1 ,9 7 4 69

$127,121 91
P la n , permanent. P a r value o f shares, $100. Instalm ents are 1 2 % cents
and 25 cents weekly.
Shares in fo rce Ja n u a ry 1, 1915, 6,571; shares issued du rin g the year,
2,080; shares w ithdraw n du rin g the year, 1,216; shares in force, 7,435.
B orrow in g mem bers, 84, holdin g 1,260 shares; non-borrow ing members,
1,046, h oldin g 6,175 shares.
N o record o f fem ale shareholders.
T ota l
dividends credited mem bers du rin g th e yea r on instalm ent shares, $4,937.21;
rate, 5 per cent. T ota l dividends credited o r paid in cash t o members du rin g
the yaar on other shares, $794.32; rate, 4 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$337.30. O perating expenses, as defined in section 390 o f th e B anking Law ,
incurred and paid d u rin g th e year, $1,502.02. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y borrow in g members, 5 % per
cent, and 6 per cent. Prem ium paid b y b orrow in g members, 3 cents per
share per week.
Loans have been made in E rie cou nty, N ew Y ork State. L argest m ortgage
loan outstanding, $5,300. M ortgages in force in New Y o rk State, $122,950.
N o foreclosures durin g the year.

SECURITY SAVINGS AND LOAN ASSOCIATION OF BUFFALO, N. Y.
N o. 10 B uilders Exchange, Buffalo, N. Y .
[Organized under Law o f 1910.
Officers
President.
Secretary..
Treasurer.
A ttorn ey..

Commenced business 1912]

Names
FERDINAND GRIMM...........
FREDERICK BENNETT----JOHN E. SCHUBSLER...........
JOSEPH A. WBCHTER.........

ASSETS
Loans on bond and m o r t g a g e .........................
Loans on shares ..................................: .............
Cash o n hand and in b a n k .................................
Fu rn itu re and fixtures ......................................
Advances fo r taxes, insurance, etc..................




Post-office addresses
316 Terrace.
11 East Utica Street.
10 Builders’ Exchange.
809 Chamber o f Commerce.
$80,9 2 0
4 ,3 9 0
14 ,62 4
137
15

00
00
35
80
00

$109,087 15

E rie County
LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends credited ...............................................
Balance t o be paid borrow ers on m ortgage lo a n s .........................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem ium ........................................................

131
$99,0 2 6
6 ,3 69
450
1,444
1,1 07
90

00
81
00
34
00
00

$109,087 15
RECEIPTS
Cash on hand Ja n u a ry 1, 1 9 1 5 ...........................................................
Dues credited t o members .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .........................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................
Dividends retained on w ithdraw als ...................................................
Cash over ..................................................................................

$ 1,697
49,167
11,619
3 ,5 8 5
171
71
4 ,3 5 5
1,002
107
12

28
00
33
50
70
86
78
58
76
50

$71,851 29
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
Dues repaid on w ithdraw al, or applied on l o a n s ...........................
D ividends paid on w ithdraw al, or applied on l o a n s ......................
Paid interest on borrow ed m oney and p rior m o r t g a g e s ...............
Paid salaries and e le r k -h ir e ...................................................................
Paid advertising, prin tin g and postage ..........................................
Paid rent ......................................................................................................
Paid banking departm ent, exam ination ...........................................
Paid banking departm ent, a s se s s m e n t...............................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, etc.........................................................
Appraisals .........................................................................
Safe ................................................................................................................
Safe deposit va u lt .....................................................................................
Signs .............................................................................................................
K ey ..................................................................................................................
Cash on hand December 31, 1915 ........................................................

$33,308
6 ,9 3 0
15,644
504
2
318
53
75
100
6
41
15
120
77
10
15

32
50
00
16
01
00
60
00
50
00
25
00
00
10
00
30
20
14,624 35

$71,851 29

P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1915, 3,765; shares issued during the year,
867; shares w ithdraw n during the year, 058; shares in force, 3,974. B orrow ­
ing members, 33, holding 470 shares; non-borrow ing members, 371, holding
3,504 shares. Fem ale shareholders, 122, holding 798 shares. T ota l dividends
credited members during the year on instalm ent shares, $4,265.84; rate, 6
per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per share.
Operating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
during the year, $639.35. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow ing members, 6 per
cent. Prem ium paid b y borrow ing members, 5 cents per share per week.
Loans have been made in Erie eounty, New Y ork State. la r g e s t m ortgage
loan outstanding, $6,000. M ortgages in force in N ew Y ork State, $89,920.
N o foreclosures during the year.




132

R eport on Savings and L oan A ssociations
SENECA SAVINGS AND LOAN ASSOCIATION
N o. 2238 Seneca street, B u ffalo, N . Y .
[Organized under Law o f 1910.

Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1914]

Names
JOHN MAYER.....................................
FRED W. M O B M C H ........................
THOMAS W. GRIFFIN....................
E. A. PURTILL..................................

Post-office addresses
88 Indian Ch. Road.
284 Cherry Street.
2288 Seneca Street.
705 D. S. Morgan Bldg.

ASSETS
L oan s on bond and m ortgage ...............................................................
L oan s on shares ..................................................... .................................
Cash on hand and in b a n k .................... ............................ •
...................
F u rn itu re and fixtures ............................................................................

$780
75
4 ,9 3 3
18

00
00
75
00

$ 5 ,8 0 6 75
LIABILITIES
D ue shareholders, dues ........................................................ ...................
D ue shareholders, dividends credited ...............................................
U ndivided profits .....................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable p r e m iu m ..........................................................

$ 5 ,5 0 2
146
27
9
30

75
31
94
75
00

$ 5 ,8 0 6 75
RECEIPTS
Cash on hand Janu ary 1, 1915 ..........................................
D ues credited t o members .....................................................................
Loans on shares repaid .....................................
Fees received ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................

$ 2 ,8 6 4
5 ,6 6 3
512
63
147
30

64
00
00
50
97
00

$ 9 ,28 1 11
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, o r applied on l o a n s .........................
D ividends paid on w ithdraw al, o r applied on l o a n s ....................
P a id salaries and clerk-hire ..............................................
P a id advertisin g, prin tin g a nd p o s t a g e .............................................
P a id ren t .....................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
F u rn itu re .....................................................................................................
Cash on hand Decem ber 31, 1915 ........

$780
342
3 ,1 2 6
9
25
16
25
14
1
6
4 ,9 3 3

00
00
25
84
50
65
40
50
22
00
75

$ 9 ,28 1 11
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
w eekly.
Shares in force Janu ary 1, 1915, 4 0 2 ; shares issued during th e year, 2 5 4 ;
shares w ithdraw n durin g the year, 8 1 ; shares in force, 576.
B orrow in g
m em bers, 2, h oldin g 14 shares; n on-borrow ing mem bers, 84, h oldin g 561
shares.
Fem ale shareholders, 42, holdin g 172 shares.
T ota l dividends
credited members during the yea r on instalm ent shares, $117.78; rate, 3 %
per cent.




133

E rie County

N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $67.55. Unpaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, $5 per share.
Loans have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $780. M ortgages in force in New Y ork State, $780. N o
foreclosures du rin g the year.

SYCAMORE AND JOHNSON SAVINGS AND LOAN ASSOCIATION
N o. 621 Sycam ore street, Buffalo, N. Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer.....................
Attorney.....................

Commenced business 1888]

Names
WILLIAM GERLACH..........................
GEORGE H. GEBAUER......................
OTTO MAYE R .......................................
WM. 0. W EIM AR..................................

Post-office addresses
159 Johnson Street.
158 Johnson Street.
609 Sycamore Street.
465 Monroe Street.

ASSETS
Loans on bond and m ortgage ..............................................................
Cash on hand and in b a n k .....................................................................

$38,610 00
7,2 37 95
$45,847 95

LIABILITIES
D ue shareholders, dues .........................................................................
D ue shareholders, dividends credited ...............................................
U ndivided profits .....................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ..............

$42,224
2 ,485
296
840

75
51
84
85

$45,847 95
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to m e m b e r s .....................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Pees received ................................................................................................
Interest received .......................................................................................

$2 ,77 6 49
25 ,47 2 25
15,470 00
112 75
1 ,966 83
$45,798 32

DISBURSEMENTS
Loaned on m o r t g a g e ................................................................................
Dues repaid on w ithdraw al, or applied on l o a n s .........................
D ividends paid on w ith draw al, or applied on l o a n s ....................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p o s t a g e .............................................
P a id rent ............................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s se s s m e n t...............................................
Officers’ b o n d s ......................
Cash on hand Decem ber 31, 1915 .......................................

$ 7 ,80 0
29 ,29 2
510
833
31
50
22
4
16
7 ,237

00
25
89
75
00
00
00
48
00
95

$45,798 32
P lan , permanent.
weekly.




P a r value o f shares, $130.

Instalm ents are 25 cents

184

R eport on Savings and L oan A ssociations

Shares in fo rce Ja n u a ry 1, 1915, 1,631; shares issued du rin g the year, 4 5 1 ;
shares w ithdraw n durin g the year, 2 3 6 ; shares in force, 1,846. B orrow in g
members, 41, h oldin g 297 shares; non-borrow ing members, 257, h oldin g 1,549
shares.
Fem ale shareholders, 126, holdin g 623 shares.
T ota l dividends
credited mem bers durin g the year on instalm ent shares, $1,109.70;. rate, 4
per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g th e year, $930.75. U npaid, none.
N o prem ium plan. Interest p a id b y borrow in g members, 6 per cent. N o
prem ium charged.
Loa(ns have been made in E rie cou nty, N ew Y ork State. Largest m ortgage
loan outstanding, $3,900. M ortgages in force in N ew Y ork State, $38,610.
N o foreclosures d u rin g the year.

WILLIAM AND SHERMAN MUTUAL SAYINGS AND LOAN
ASSOCIATION
N o. 592 W illia m street, B uffalo, N . Y .
[Organized under Law of 1851.
Officers
P resident...................
Secretary....................
Treasurer...................
Attorney......................

Commenced business 1882]

Names
GUSTAV KOCH...................................
HENRY GEGER..................................
THEO. KUNZ..............................
H. W. BRENDEL................................

Post-office addresses
624William Street.
114Hoehrer Avenue.
38Goembel
Avenue.
806 Mutual Life Bldg.

ASSETS
Loans on bond and m ortgage .......................
Cash on hand and in b a n k .................................
F u rn itu re and fixtures ......................................

$ 7 ,4 0 0 00
4 ,4 1 8 73
48 00
$ 1 1 ,8 6 6 73

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaran ty fu n d {a s per section .392 o f Banking L a w ) ................
Unearned o r rebatable p r e m iu m ..........................................................

$10,035
587
761
410
72

75
58
40
oO
00

$ 1 1 ,8 6 6 73
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
D ues credited t o members .................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ..............................................................................................
In terest received .......................................................................................
Prem iu m r e c e iv e d .......................................................................................
Advances repaid .........................................................................................

$ 3 ,3 0 9
6 ,2 3 4
2 ,1 0 0
62
614
12
68

49
00
00
50
14
50
98

$12,401 61
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ith draw 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 osta ge.............................................
P a id r e n t .......................................................................................................




$500
6 ,6 2 9
514
233
12
6

00
25
67
50
00
00-

135

E rie County
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, assessm ent...............................................
A dvances lo r taxes, insurance, e t c .................................................. ..
A ttorn ey’s fees ...........................................................................................
Cash on hand December 31, 1915..........................................................

$14
1
68
2
4 ,4 1 8

50
88
98
10
73

$12,401 61

P lan, permanent. P ar value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce January 1, 1915, 5 0 8 ; shares issued du rin g the year, 2 5 0 ;
shares w ithdraw n durin g the year, 2 76; shares in force 482. B orrow in g
members, 5, holdin g 52 shares; non-borrow ing members, 83, h oldin g 430 shares.
Fem ale shareholders, 35, holding 194 shares. T ota l dividends credited mem­
bers durin g the year on instalm ent shares, $407.59; rate, 4 per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share.
Operating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
during the year, $253.60. U npaid, none.
Prem ium plan, gross. Interest paid by b orrow in g mexpbers, 6 per cent.
Prem ium paid by borrow ing members, 2 % per cent.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $2,000. M ortgages in force in New Y ork State, $7,400.
One foreclosure du rin g the year.

WILLIAM STREET PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 291 W illia m stre e t, B u ffa lo , N. Y .
[Organized under Law o f 1851.
Officers

President.
Secretary.
Treasurer.
Attorney.

Commenced business 1879]

Names

JOSEPH B. M ILLER...................
FRANK R. RUCKDESCHEL. . . .

RUDOLPH G U N O LD .......................

FRANK R. RUCKDESCHEL____

Post-office addresses

259 Northampton Street.
59 Walnut Street.
600 Goodyear Avenue.
76 W est Eagle Street.

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

$23,166 00
12,261 82
$35,427 82

LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends cred ited ...................... ..........................
U ndivided p r o f i t s .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable p r e m iu m ..................................................... ....

$ 28,256
2 ,5 0 4
1,337
1,800
1,529

75
60
11
00
36

$35,427 82
RECEIPTS
Cash on hand Janu ary 1, 1915..................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received ................................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................




$10,105
13,797
4 ,5 1 6
127
1,503
174

68
0Q
75
00
24
00

$30,223 67

136

R eport oh Savings and L oan A ssociations

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P a id m atured shares ..............................................................................
D ividends paid on w ith draw al, o r applied on lo a n s .......................
P aid salaries and clerk-h ire...................................................................
P a id advertising, printing and postage ...........................................
P a id r e n t ........................................................................................................
P a id banking departm ent, e x a m in a t io n ...^ ....................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Prem ium s rebated .....................................................................................
B lo t t e r s ...........................................................................................................
Cash on hand December 31, 1915..........................................................

$ 2 ,5 7 4
9 ,3 2 7
5 ,0 2 2
587
318
5
52
14
3
8
36
12
12,261

00
50
87
74
00
10
00
50
50
00
64
00
82

$ 30,223 67

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cen t»
weekly.
Shares in force January 1, 1915, 1,057; shares issued du rin g the year, 5 08;
shares w ithdraw n du rin g the year, 5 3 6 ; shares in force, 1,029. B orrow in g
members, 20, holding 218 shares; non-borrow ing members, 155, h oldin g 811
shares. Fem ale shareholders, 88, holding 437 shares. T ota l dividends credited
m em bers du rin g the year on instalm ent shares, $1,322.76; rate, 6 per cent.
H o unpaid w ithdraw als. A m ou n t o f shares m atured during the year, $5,022.87. E ntrance fee, 25 eents per share. O perating expenses, as defined
in section. 390 o f th e B anking L aw , incurred and pa id during th e year, $395.10.
U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 1 2 % cents
per share per week. Prem ium paid b y borrow in g members, $7.25 per share.
Loans have been m ade in E rie cou n ty, H ew Y ork State. L argest m ortgage
loan outstanding, $2,466.75. M ortgages in force in N ew Y ork State, $23,166.
N o foreclosures du rin g the year.

WILLIAMSVILLE SAYINGS AND LOAN ASSOCIATION
M ain street, W illia m sville, N . Y .
[Organized under Law of 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1913]

Names
Post-office addresses
HOWARD G. BRITTING.......................... Williamsville, N. Y.
GEORGE H. DANIEL..............................
Williamsville. N. Y.
WILLIAM J. JENKINS............................ Williamsville, N. Y.
GEO. W. W ALTERS................................. Williamsville, N. Y.

ASSETS
Loans on bond and m o rtg a g e.................................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k ........................................................................

$11,450 00
731 00
1,067 08
$ 1 3 ,2 4 8 08

LIABILITIES
Due shareholders, dues ....................................................................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m o n e y ..........................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w ) ....................




$10,2 3 2
277
2 ,5 0 0
188
50

09
42
00
57
00

$13,2 4 8 08

137

F ranklin County
RECEIPTS
Cash on hand Janu ary 1, 1915............................................................
Dues credited t o m em bers.................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s t a t e ..
>ans on shares re p a id ..........................................
Fees r e c e iv e d ................................................................................................
Fines received ...................................
In terest received .......................................................................................
Prem ium received .....................................................................................

$726
11,490
2 ,5 0 0
2 ,5 5 0
312
35
4
356
51

65
40
00
00
00
70
83
69
45

$18,027 72
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
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 a id interest on borrow ed m oney and p rior m ortga ges........... . . .
P a id salaries and elerk-hire...................................................................
P a id advertising, prin tin g and posta ge...............................................
P a id banking departm ent, e x a m in a tio n .............................................
P a id banking departm ent, assessm ent.................................................
Officers’ b o n d s..............................................................................................
Advances returned .....................................................................................
Cash on hand December 31, 1915..........................................................

$ 8,450 00
705 00
7,621 04
30 64
5 00
25 72
14 47
29 30
1 47
8 00
7000
1,067 08
$18,027 72

Plan, permanent. P a r value o f shares, $100. Instalm ents are 20 cents
weekly.
Shares in force Janu ary 1, 1915, 1,096; shares issued du rin g the year, 176;
shares w ithdraw n durin g the year, 4 8 7 ; shares in force, 785. B orrow ing
members, 12, holdin g 208 shares; n on-borrow ing members, 117, h oldin g 577
shares.
Fem ale shareholders, 20, holding 102 shares.
T o ta l dividends
credited mem bers du rin g the yea r on instalm ent shares, $284.18; rate, 4 per
cent.
N o unpaid w ithdraw als. Entrance fee, 20 cents per share. O perating
expenses, as defined in section 390 o f the B anking l a w , incurred and paid
du rin g the year, $118.19. U npaid, none.
Prem ium plan, instalm ent. Interest pa id b y borrow ing members, 6 per
cent. Prem ium paid b y b orrow in g members, 2 cents per share per week.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $3,500. M ortgages in force in New Y ork State, $11,450.
N o foreclosures du rin g the year.

FRANKLIN COUNTY
SARANAC LAKE CO-OPERATIYE SAVINGS AND LOAN ASSOCIATION
N o. 79 M ain street, Saranac Lake, N. Y .
[Organized under Law of 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................




Commenced business

Names

WILLIAM J. GALLANAN.
W. E. JOHNSON.................
EUCLID C. PIN E...........
HERBERT P. COATS.........

1899J

Post-office addresses
Saranac Lake, N. Y.
Saranac Lake, N. Y.
Saranac Lake, N. Y.
Saranac Lake, N. Y.

138

R eport on Savings and L oan A ssociations

ASSETS
Loans on bond and m ortg a g e.................................................................
L oan s on shares .........................................................................................
Cash on hand and in b a n k .................. ..................................................

$ 1 03,275 00
5 ,9 2 9 00
3 ,3 7 6 22
$112,580 22

LIABILITIES
D u e shareholders, dues ............................................................................
D ue shareholders, dividends c r e d it e d .................................................
B alance t o be p a id b orrow ers on m ortgage lo a n s .........................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per section 392 o f B a n k in g L a w ) ................

$88,1 7 1
18,008
2 ,8 4 8
1 ,4 5 0
2 ,1 0 0

00
55
95
81
91

$112,580 22
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited t o m e m b e r s ..........................
M ortgages redeemed, foreclosed o r tran sferred to real e s ta t e ..
L oan s o n shares r e p a i d ........................................................................... .
Fees received ...........................................................................................
F ines received ........................................................................................
In terest received ................................................................................ . . .
Prem ium received .....................................................................................
D ividends retained on w ithdraw als ....................................................

$ 1 ,4 7 4
2 2 ,3 6 1
6 ,8 5 0
2 ,3 8 8
70
6
4 ,6 0 4
1,397
92

74
00
00
35
00
50
79
43
71

$39,245 52
DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on l o a n s .........................
P a id m atured s h a r e s .................................................................................
D ividends paid on w ith draw al, o r applied on l o a n s ....................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, a s s e s s m e n t...............................................
State League dues and expenses ........................................................
M ortgage t a x ................................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$12,801 05
3 ,001 00
9 ,8 5 6 00
7 ,6 2 7 03
2 ,1 9 7 99
200 00
9 65
24 00
818
32 90
I l l 50
3 ,3 7 6 22
$ 3 9 ,2 4 5 52

P lan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1915, 1,869; shares issued du rin g the year, 2 8 0 ;
shares w ithdraw n during th e year, 173; shares in force, 1,976. B orrow in g
members, 78, holding 627 shares; n on-borrow ing members, 246, h oldin g 1,349
shares.
Fem ale shareholders, 143, holding 855 shares.
T ota l dividends
credited members du rin g th e year on instalm ent shares, $5,675.99; rate, 6
per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$7,627.03. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e Banking Law, incurred and paid du rin g the year,
$242.55. U npaid, none.
Prem ium plan, prem ium -interest. In terest paid by b orrow in g mem ber?,
75 cents per share per m onth. Prem ium p a id b y borrow in g members, 25
cents per share per m onth.
Loans have been made in Essex and Franklin counties, N ew Y ork State.
L a rg est m ortgage loa n ou tstanding, $7,000. M ortgages in force in N ew Y ork
State, $103,275. N o foreclosures du rin g th e year.




139

Genesee County

GENESEE COUNTY
THE GENESEE COUNTY LOAN ASSOCIATION
N o. 112 M ain street, B atavia, N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................

Names

Commenced business 1879]
Post-office addresses

G. S. GRISWOLD.................................................
W. G. POLLARD....................................................
JOHN W. PBA TT.................................................

ASSETS
Loans on bond and m o r t g a g e .................................................................
Loans on s h a r e s .........................................................................................
Stocks and bonds .......................................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................

Batavia. N. Y.
Batavia. N. Y.
Batavia, N. Y.
$454,704
8 ,7 45
10,000
8 ,0 00
31,973

46
00
00
00
26

$513,422 72
LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s.............................
Undivided profits ................................................... ...................................
G uaranty rand (as par section 392 o f Banking L a w ) ................

$430,462
45,342
800
11,817
25,000

59
58
00
55
00

$513,422 72
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares r e p a i d ............................................................................
Fees received ........................................................*
.......................................
Interest received .........................................................................................
R en t received .............................................................................................
Dividends retained on w ith d raw als...................................................

$25,760
175,885
54,320
11,957

30
72
21
00
25
27,737 46
3 4 0 .0 0
359 15

$296,360 09
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s...........................
P aid m atured s h a r e s ...............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P aid salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P aid repairs to real esta te.....................................................................
P a id taxes, insurance, e t c ......... .............................................................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent...............................................
State League dues and expenses............................................................
M ortgage ta x ..............................................................................................
reat and lig h t ...................
Ice and w ater .............................................................................................
T e le p h o n e .......................................................................................................
Cash on hand Decem ber 31, 1915..........................................................




$59,570
8,907
149,030
31,838
9 ,4 1 2
4 ,2 78
448
63
226
52
36
47
239
202

00
00
31
61
47
00
64
50
11
46
89
50
25
59
9 80
23 70
31,973 26

$296,360 09

140

R eport on S avings and L oan A ssociations

P lan, permanent. P a r valu e o f shares, $125. Instalm ents are 25 cents
w eekly.
Shares in force Janu ary 1, 1915, 6,637; shares issued du rin g th e year,
2 ,8 03 ; shares w ithdraw n d u rin g th e year, 2,8 21 ; shares in force, 6,619. B or­
row in g mem bers, 110, holding 960 shares; non-borrow ing members, 1,765,
h oldin g 5,659 shares. Fem ale shareholders, 919, h oldin g 1,865 shares. T ota l
dividends credited members du rin g the year on instalm ent shares, $7,805.01;
rate, 5 per cent. T ota l dividends credited or paid in cash to mem bers du rin g
th e year on oth er shares, $11,072.46; rate, 4 per cent.
N o u n paid w ithdraw als. A m oun t o f shares m atured du rin g th e year, $31,838.61. M em bership fee, 25 cents. O perating expenses, as defined in section
390 o f the Banking Law , incurred and paid durin g the year, $5,010.23. U n­
paid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 5 per cent., 5 %
per cent, and 6 per cent. N o prem ium charged.
L oan s have teen made in Genesee cou nty, N ew Y ork State. L argest m ort­
gage loan outstanding, $17,000. M ortgages in force in N ew Y ork State,
$454,704.46. N o foreclosures du rin g th e year.

GREENE COUNTY
CATSKILL SAYINGS AND LOAN ASSOCIATION
N o. 375 M ain street, C atskill, N . Y .
[O rganized under Law o f 1851.

Officers
President.....................
Secretary.....................
Treasurer..................
Attorney................. ....

Commenced business 18891

Post-office addresses
Names
PERCIVAL GOLDEN...................... ............... Catskill, N. Y.
THOMAS E. JONES........................
P. GARDNER COFFIN....................
Catskill, N. Y.
ORLIFF T. HEATH.......................... ...............

ASSETS
L oan s on bond and m ortg a g e................................................. ................
L oan s on shares............................................................................ ................
Stock s and b o n d s.........................................................................
Shares o f Land Bank o f State o f New Y o r k .................... ................
Cash on hand and in b a n k ...................................................... ............:
F u rn itu re and fixtures ............................................................ ..............
Interest, prem ium , fees and fines due and u n p a id ......... ...............
A dvances fo r taxes, insurance, e t c ........................................ ...............
In terest accrued ......................................................................... ................

$15 4,7 5 0 00
2 ,9 4 7 21
1 ,0 0 0
1 ,9 2 0
291
113
11
849

00
06
51
56
00
41

$187,122 75
L IA B IL IT IE S

D ue shareholders, du es...............................................................................
D ue shareholders, dividends cre d ite d ..........................
U n divided profits .....................................................................................
G u aran ty fun d (a s per section 392 o f Banking L a w ) ....................
In d ivid u a l a c c o u n t .....................................................................................

$163,535
15,669
5 ,5 0 0
2 ,3 8 0
37

06
86
56
00
27

$ 1 8 7,1 2 2 75
R E C E IPTS

Cash o n hand J a n u a ry 1, 1915...............................................................
D ues credited to m em bers........................................................................
M oney borrow ed ..........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..




$ 8 ,17 1
4 5 ,1 0 6
14,001
2 6 ,5 0 0

18
22
38
00

G reene County
Loans on shares r e p a i d ............................................................................
Fines received ..............................................................................................
Interest received .........................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith d raw a ls...................................................
Advances re p a id ...........................................................................................
P rofit and loss, a m ortiza tion .................................................................
Bonds, am ortization ................................................................................

141
$4 ,70 6
42
9 ,2 1 0
772
91
11
62
8

00
13
90
15
62
00
82
90

$108,684 30
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares ..................................................................... . ...............
D ues 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 ...................
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 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 p osta g e.............................................
P a id rent .......................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent............................................
Advances fo r taxes, insurance, e t c ........................................................
State League dues and expenses..........................................................
Shares o f Land B a n k ................................................................................
B o n d s ................................................................................................................
Bonds, a m ortization ................................................................................
P rofit and loss, am ortization ...............................................................
Interest accrued on bonds pu rch ased.................................................
M ortgage t a x ................................................................................................
Prem ium refunded .....................................................................................
M iscellaneous item s ...................................................................................
Cash on hand December 31, 1915..........................................................

$48,190
1,405
1 6 ,93 9
19 ,57 2
1,775

00
00
82
90
75

663
14,001
236
600
100
125
21
13
22
19
1,000
1,871
62
8
28
30
42
34
1,920

01
38
41
00
63
00
23
35
00
82
00
25
82
90
33
00
60
04
06

$108,684 30

Plan, permanent. P a r value o f incom e shares is $100, prepaid shares, $25,
classes A , B, C and E , $100 and C lass D, $200. M onthly instalm ents on Class
C are 35 cents, Class B, 50 cents, Classes A and D , $1.
Shares in force Janu ary 1, 1915, 4 ,5 8 7 % ; shares issued during the year,
1,413; shares w ithdraw n du rin g the year, 60 1 ; shares in force, 5,399% . B or­
row in g members, 95, h oldin g 1,316% shares; n on-borrow ing members, 238,
h oldin g 4,083% shares. Fem ale shareholders, 103, holding 1,495 shares. T otal
dividends credited members durin g th e year on instalm ent shares, $2,613.02;
rate, 5 per cent. T ota l dividends credited or paid in cash to mem bers during
the year on other shares, $4,135.40; rate, 4 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured durin g the year, $19,572.90. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and paid during the year, $879.49. U npaid, none.
N o prem ium plan. Interest paid by borrow in g members, 4% per
f
per cent., 5 % per cent, and 6 per cent. N o prem ium charged.
Loans have been made in Greene county, N ew Y ork State. L argest m ortgage
loan outstnding, $9,500. M ortgages in force in N ew Y o rk State, $154(7*5C
One foreclosure during the year.




142

R eport on Savings and L oan A ssociations

HERKIMER COUNTY
FRANKFORT SAYINGS AND LOAN ASSOCIATION
N o. 40 Litchfield street, F ran k fort, N . Y .
[Organized under Law o f 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1912]

Names
SEYMOUR S. RICHARDS
H. SEYMOUR GUTMAN..
GEORGE S. ALLEN.........
WILLIAM E. FARRELL.

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

ASSETS
L oans on bond and m ortg a g e.................................................................
Loans on shares ...................................... ..................................................
Cash on hand and in b a n k ...................................................................
F u rn itu re and fixtu res..........................................................................

$ 4 0 ,8 0 0
405
301
171

00
00
22
50

$41,6 7 7 72
LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m oney
................................................................................
U ndivided profits
.................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ..................

$35,7 1 6
2 ,6 4 9
1 ,7 0 0
1,238
372

95
83
00
76
18

$41,6 7 7 72
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
D ues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees reeeivefi ..............................................................................................
Fines received ..............................................................................................
In terest received .......................................................... •........................ ,

$469 57
25 ,78 7 35
6 ,3 0 0 00
4 ,5 0 0 00
74 30
4 72
2 ,2 8 2 43
$39,4 1 8 37

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ........... .................
D ividends pa id on w ithdraw al, o r 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 p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge........... .................................
P aid rent ......................................................................................................
P a id banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent...............................................
A dvances fo r in s u r a n c e ............................... * ..........................................
Cash on hand Decem ber 31, 1915..........................................................

$ 1 6 ,0 2 5 00
280 00
17,379 58
341 03
4 ,6 0 0 00
116 96
280 00
53 24
13 34
22 50
313
2 37
301 22
$ 39,418 37

P lan , serial.
cents weekly.




P a r value o f shares, $100.

Instalm ents are 10 cents and 25

H erkimer, County

143

Shares in fo rce Janu ary 1, 1915, 1,954; shares issued during the year, 7 43;
shares w ithdraw n during the year, 4 5 1 ; shares in force, 2,246. B orrow ing
mem bers, 37, holding 427 shares; non-borrow ing members, 223, h oldin g 1,819
shares. Fem ale shareholders, 68, holding 392 shares. T ota l dividends credited
members du rin g the year on instalm ent shares, $1,452.71; rate, 6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g th e year, $348.95. U npaid, none.
Prem ium plan, instalm ent. . In terest paid b y borrow in g members, 10 cents
per share per week. Prem ium paid b y borrow ing members, 2 cents per share
per week.
Loans have been made in H erkim er county, New Y ork State. Largest m ort­
gage loan outstanding, $2,500. M ortgages in force in New Y ork State, $40,800.
N o foreclosures during th e year.

HERKIMER CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 147 N orth M ain street, H erkim er, N. Y .
[Organized under Law ot 1804.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1898]

Post-office addresses
CHARLES STEWART.................................. Herkimer, N. Y.
CLARENCE B. ROOT...................................
Herkimer, N. Y.
CLARENCE A. McCREERY.........................
Herkimer, N. Y.
JAMES H. FAGAN........................................ Herkimer, N. Y.
Names

ASSETS
Loans on bond and m o r t g a g e .................................................................
Loans on shares .........................................................................................
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 fo r taxes, insurance, e t c .....................................................

$ 1 13,550
740
1,9 05
180
561
62

00
00
33
00
50
10

$116,998 93
LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends cred ited .................................................
Borrowed m oney ............................................................ ..........................
Undivided profits .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ..................

$102,324
10,244
1 ,0 0 0
2 ,2 5 2
1,177

14
92
00
37
50

$116,998 93
RECEIPTS
Cash on hand J anu ary 1, 1915..............................................................
Dues credited t o m em bers...............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
D ividends retained on w ith draw a ls...................................................




$2,475
55,269
5 ,250
6 ,1 5 0
1,289
80
76
4 ,9 0 8
74

89
00
00
00
00
05
48
01
12

$75,572 55

144

R eport on Savings and L oan A ssociations

DISBURSEMENTS
Loaned o n m o rtg a g e.........................................................................
Loaned on s h a r e s .......................................................................................
B u m rep aid mi 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 a id borrow ed m oney and p rior m ortga ges....................................
P a id in terest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id banking departm ent, exa m in a tion ........................
P a id banking departm ent, assessm ent...............................................
State League du es...........................................................................
A p p r a is a ls ......................................................................................................
R e c o r d in g ........................................................................................................
A t t o r n e y ..........................................................................................................
F u rn itu re and fixtures ............................................................................
Insurance o n fu rn itu re and fixtu res......................................................
S afe deposit v a u lt ...................................................................................
Cash o n hand Decem ber 31, 1915..........................................................

$ 3 3 ,7 0 0
1 ,0 89
3 3 ,0 3 8
5 12
4 ,2 5 0
156
600
21
22
7
4
10
35
3
190
2
5
1,9 06

00
00
38
48
00
34
00
90
50
34
00
75
50
25
50
28
00
33

$75,5 7 2 55

P lan , permanent. P a r valu e o f shares, $100. Instalm ents are 15 cents
weekly.
Shares in fo rce Ja n u a ry 1, 1915, 6,058 j shares issued du rin g th e year,
1,601; shares w ithdraw n du rin g th e year, 5 8 5 ; shares in force, 7,074. B or­
row in g members, 67, holdin g 990 shares; non-borrow ing mem bers, 479, holdin g
6,084 shares. Fem ale shareholders, 180, h oldin g 1,861 shares. T ota l dividends
cred ited mem bers durin g the year on instalm ent shares, $3,612.04; rate, 5
per cent. T o ta l dividends credited or pa id in cash to mem bers du rin th e yea r
on oth er shares, $404.69; rate, 4 per cent, and 5 per cent.
N o unpaid w ithdraw als. Entrance fee, 5 cents per share. O perating ex­
penses, a s defined in section 390 o f th e B anking L aw , incurred and paid
d u rin g the year, $891.18. U npaid, none.
N o prem ium plan. In terest pa id b y borrrow in g mem bers, 5 % 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 eounty, N ew Y ork State. Largest m ort­
gage loan outstanding, $6,250. M ortgages in force in N ew Y ork S tate,
$113,550. N o foreclosures du rin g the year.

ILION PERMANENT SAVING, BUILDING AND LOAN ASSOCIATION
N o. 10 E ast M ain street, Ilion , N. Y .
[Organized under Law of 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
Post-office addresses
S. T. RUSSELL...................................................... Ilion, N. Y.
W. H. GRIMSHAW................................................ Ilion, N. Y.
JOHN A. GIBfLIN.................................................. Ilion, N. Y.
JAMBS CONKLING................................................ Ilion, N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ............................................................................
Interest accrued .......................................................................................




$574,615
6, 800
2 2 ,83 9
260
187

00
00
25
00
00

$604,701 25

H ERKIM ER COUNTY
INABILITIES
D ue shareholders, dues ............................................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ............................................................

145
$559, 312
11,581
12 ,41 0
2 1 ,39 6

81
92
00
52

$604, 701 25
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
R eal estate sold .........................................................................................
Fees received ............................................................
Fines received ..............................................................................................
Interest received ..................................................................... .................
Prem ium received .....................................................................................
School bonds ................................................................................................

$18,946
254,5 2 3
107, 547
200
489
299
28, 218
7 ,475
13, 500

85
14
97
00
20
19
56
00
00

$431,199 91
DISBU RSEM EN TS

Loaned on m ortgage .................................................................................
$156,975 00
Dues repaid on w ithdraw al, or a pp lied on lo a n s ...........................
2 4 5 ,1 7 5 71
P a id salaries and c le r k - h ir e ............................................................................
2, 236 05
P a id advertising, printing and p o s t a g e .............................................
50 60
P aid ren t .....................................................................................................
240 00
P aid repairs to real estate ...................................................................
83 57
P aid taxes, insurance, etc.........................................................................
449 46
P aid banking departm ent, exam in ation ...........................................
59 00
P aid banking departm ent, a s s e s s m e n t...............................................
41 08
Officers’ bonds ..............................................................................................
24 00
State League dues and expenses ..........................................................
57 04
M ortgage ta x ..............................................................................................
779 50
Rebates on p r e m iu m s ................................................................................
2 ,0 6 3 65
A u d itors ................................................. ’....................................................
40 00
Sa tisfyin g m ortgages ..............................................................................
69 25
W ateliman ....................................................................................................
10 00
Insurance on furn itu re ..........................................................................
675
Cash on hand December 31, 1915..........................................................
2 2 ,83 9 25
$431,199 91
Plan, permanent. P ar value o f shares, $105. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 18,099; shares issued du rin g the year,
4,795; shares w ithdraw n during the year, 2,438; shares in foree, 20,456.
B orrow in g members, 375, h oldin g 5,072 shares; non-borrow ing members,
1.378, holdin g 15,384 shares. Fem ale shareholders, 689, h oldin g 6,268 shares.
T o ta l dividends credited members during the year on instalm ent shares,
$21,322.39; rate, 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share.
Operating
expenses, as defined in section 390 o f th e Banking Law , incurred and paid
during the year, $2,664.44. Unpaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 5 per cent.
Prem ium paid by b orrow in g members, $5 per share.
Loans have been made in H erkim er eounty, New Y ork State. Largest m ort­
gage loan outstanding, $5,250. M ortgages in force in N ew Y ork State, $574,615. N o foreclosures du rin g the year.




146

R epost oh S avings and L oan A ssociations

LITTLE FALLS BUILDING, SAVINGS AND LOAN ASSOCIATION
N o. 601 E ast M ain street, L ittle F alls, N. Y .
[Organized under Law o f 1910.

Commenced business 1913]

Officers
Names
Post-office addresses
President..................... PRANK SENIOR......................................... Little
Falls,N.Y.
Little
Palls,N.Y.
Secretary..................... EDWARD H. KINGSBURY......................
Treasurer...................
JOHN O’ ROURKE.......................................
Little
Palls,N.Y.
Attorney.........................W. EARL WARD.......................................... Little
Palls,N.Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares ..........................................................................................
Cash on hand and in b a n k ...................................................................

$ 2 6 ,2 3 0 00
115 00
610 95
$26,9 5 5 95

LIABILITIES
D ue shareholders, dues ..........................................
D ue shareholders, dividends credited ....................
B orrow ed m oney ...................................................
U ndivided profits ....................................................................................
G uaran ty fu n d {a s per section 392 o f Banking L a w ) ..................
A tto rn e y ’s fees ............................................................................................

$ 2 5 ,3 1 4
533
400
627
40
40

50
31
00
91
23
00

$ 26,955 95
RECEIPTS
Cash on hand Janu ary 1, 1915 ..........................................................
D ues credited to members .....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed o r transferred to real esta te. .
Loans on shares r e p a i d ............................................................................
Fees received ..............................................................................................
Fines received ............................................................................................
Interest r e c e iv e d ..........................................................................................
D ividends retained on w ithdraw als ....................................................

$338 15
18,629 75
2 ,2 0 0 00
370 00
289 00
69 60
51 57
1 ,227 66
5 90
$23,181 63

DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, o r 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 ortgages
................................
P a id interest on borrow ed m oney and p rior m o r t g a g e s ..............
P a id salaries and c le r k - h ir e ...................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, a s s e s s m e n t...............................................
B ooks, stationery, etc..................................................................................
Cash on hand December 31, 1 9 1 5 ........................................................

$ 1 0 ,3 5 0
174
8 ,3 0 2
59
3 ,4 0 0
68
150
22
2
40
610

00
00
75
78
00
73
00
50
20
72
95

$23,181 61

P lan, permanent. P a r value o f shares, $100. Instalm ents are 25 cent#
w eekly.
Shares in fo rce Janu ary 1, 1915, 1,304; shares issued du rin g the year,
6 9 6 ; shares w ithdraw n d u rin g th e year, 3 99; shares in force, 1,601. B orrow ­
in g m em bers, 9, holdin g 162 shares; n on-borrow ing members, 273, holding
1,439 shares. Fem ale shareholders, 72, h oldin g 318 shares. T ota l dividends




147

J efferson € ounty

credited mem bers du rin g the year o n instalm ent shares, $303.16; rate, 5
per cent.
E ntrance fee, 10 cents per share. O perating expenses, as defined in section
390 o f the Banking Law , incurred and paid d u rin g the year, $190.72. Oper­
a tin g expenses, as defined in section 390 o f the B anking Law , incurred during
the yea r and rem aining unpaid, $40.
Prem ium plan, instalm ent. Interest paid by b orrow in g members, 5 % per
cent. N o prem ium charged.
Loans have been made in H erkim er county, New Y ork State. Largest
m ortgage loan outstanding, $4,800. M ortgages in force in N ew Y ork State,
$26,230. N o foreclosures during th e year.

JEFFERSON COUNTY
CARTHAGE SAVINGS, LOAN AND BUILDING ASSOCIATION
N o. 8 Strickland Building, So. M echanic street, Carthage, N. Y.
[Organized under Law of 1881.

Commenced business 1889]

Officers
Names
Post-office addresses
President....................... C.
E.
FRANCIS............................
Carthage. N. Y.
Secretary.......................
W,
W. SW EET...........................................
Carthage, N. Y.
Treasurer......................
F.
W.
CORURN.............................
Carthage, N. Y.
Attorney..................... W. A. PORTER................................................... Carthage, N. Y.
ASSETS
Loans on bond and m ortgage ..............................................................
lo a n s on shares .........................................................................................
Cash on hand and in bank ...................................................................
Furn itu re and fixtures ............................................................................

$279, 703
5, 866
7, 818
1 ,2 0 0

50
00
11
00

$294,577 61
L IA B IL IT IE S

Due shareholders, d u e s ............................................................................
Due shareholders, m atured shares ...................................................
Due shareholders, dividends c r e d it e d .................................................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ..................

$234,286
26, 900
17,669
11, 553
4 ,167

93
00
78
90
00

$294,577 61
RECEIPTS
Cash on hand Janu ary 1, 1915 ............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares repaid ..........................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ithdraw als ...................................................

$4, 20690,249
15, 870
5 ,4 1 4
14,030
513
223

0®
62
00
00
73*
04
44

$130,506 88
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares ....................................................................................
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 l o a n s ..................




$45,255
3 ,9 55
56,167
5 ,295
7, 822

00
00
45
28
73

148

R eport oh Savings and L oan A ssociations

Cash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id salaries a n d c le r k - h i r e ...................................................................
P a id advertising, p rin tin g and p o s t a g e .............................................
P a id ren t ..................................................................................., .................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
A dvances lo r in s u r a n c e ............................................................................
Btate League dues .....................................................................................
M ortgage ta x ..............................................................................................
L i g h t i n g ..........................................................................................................
Cash on hand December 31, 1915 ........................................................

$1 ,99 1
1 ,623
126
2 50
37
19
10
8
211
15
7 ,8 1 8

47
00
55
00
OO
64
30
00
50
851
ll1

$130,506 88

P lan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents and
25 cents weekly.
Shares in force January 1, 1915, 1,333; shares issued during the year, 560;
shares w ithdraw n durin g the year, 2 9 1 ; shares in force, 1,602. B orrow in g
members, 102, holdin g 456 shares; non-borrow ing members, 249, holding, 1,146
shares.
Fem ale shareholders, 100, h olding 348 shares.
T o ta l dividend#
cred ited mem bers d u rin g the yea r on instalm ent shares, $6,179.82; rate, 4 %
p er cent, and 6 % per cent. T ota l dividends cred ited o r paid in cash t<*
members du rin g the year on other shares, $4,989.69; rate, 4 per cent.
N o u npaid w ithdraw als. A m oun t o f shares m atured durin g th e year,
$10,155.07. Operating expenses, as defined in section 390 o f the B anking
Law , incurred and paid during the year, $1,933.70. U npaid, 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 Jefferson and Lew is counties, N ew Y o rk State,
la r g e s t m ortgage loan outstanding, $7,000. M ortgages in force in N ew Y ork
State, $279,703.50. 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 o f 1851. Commenced business 1888]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Names
WILLIAM H. MOORE............................
WILLIAM J. SHEPARD.......................
WILLIAM J. SHEPARD.......................
JOSEPH ATWELL ........... ...................

Post-office addresses
287 Mullin Street.
232 Stone Street.
232 Stone Street.
122 Winslow Street.

ASSETS
Loans on bond and m o r t g a g e ......... I .............
Loans on shares ...............................................
C on tracts fo r the sale o f real e s t a t e .........
R eal estate ..........................................................
Cash on hand and in bank ...........................
F u rn itu re and f i x t u r e s ....................................
Advances fo r taxes, insurance, etc...............

$271,017
11,243
7 ,7 9 4
6 ,5 9 4
3 ,7 5 3
591
48

76
00
08
01
00
03
45

$301,041 33
LIABILITIES
Due shareholders, dues ............................................................................
D ue shareholders, dividends c r e d i t e d .................................................
Undivided profits .....................................................................................




$237, 577 79
42 ,40 1 98
14 ,59 4 93

J efferson County
G uaranty fu n d (a s per section 392 o f Banking L a w ) ................
A ttorn ey’s fees ............................................................................................

149
$ 6 ,1 9 6 81
269 82
$361,041 33

RECEIPTS
Cash on hand Janu ary 1, 1 9 1 3 ............................................................
D ues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred t o real esta te. .
Loans on shares r e p a i d ............................................................................
Fees received ..............................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
K ent received ..............................................................................................
D ividends retained on w ithdraw als ....................................................
Advances repaid .........................................................................................
Keal estate con tracts ..............................................................................
D eficiency judgm ent ................................................................................

$2,693 92
82,343 10
29, 860 00
12,214 00
30 50
97 47
18,849 04
556 85
506 81'
55 85
135 22
50 00
$147, 396 76

DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on l o a n s .......................
Paid matured shares ..........................................................................
Dividends paid on withdrawal, or applied on l o a n s .................
Cash dividends paid on income and accumulative prepaid
shares . . ...........................................................................................
Paid for real estate .............................................................................
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid rent ..............................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination ....................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurance, etc...................................................
State League dues and ex pen ses......................................................
Mortgage taxes ...................................................................................
Foreclosure expenses ..........................................................................
Legal services .......................................................................................
Office repairs .........................................................................................
Office supplies .......................................................................................
Cleaning .................................................................................................
Telephone .............................................................................................
Insurance on furniture and fixtures ..............................................
Agents’ commissions ..........................................................................
G a s ...........................................................................................................
Cash on hand December 31, 1915 ....................................................

$45,570
13,633
48,069
21, 434
7, 594

00
00
27
04
03

343
3,183
1,600
184
75
222
745
44
20
108
29
207
485
15
15
15
8
19
5
10
2
3, 753

00
73
00
38
00
34
90
50
88
43
38
50
50
00
02
71
93
76
15
33
96
00

$147,396 70
Plan, permanent. P ar value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1915, 1 1 ,8 1 8 % ; shares issued du rin g the year,
3,458; shares w ithdraw n during the year, 2 ,6 6 7 % ; shares in force, 12,609;
B orrow ing members, 326, holding 2,378 shares; non-borrow ing members, 994,
holding 10,231 shares.
Female shareholders, 598, holdin g 5,398 shares.'
T ota l dividends credited members during the year on instalm ent shares,;
$13,584.69; rate, 7 per cent. T ota l dividends credited o r pa id in cash to
members du rin g the year on oth er shares, $1,363.07; rate, 4 per cent, a n d
4 ya per cent.




150

R eport oh Savings and L oan A ssociations

N o unpaid w ithdraw als.
A m ou n t o f shares m atured durin g th e year,
$21,434.04. M em bership fee, 25 cents. O perating (expenses, as defined i d
section 390 o f the Banking Ja w , incurred and p a id du rin g th e year,
L
$1,966.62. Unpaid, none.
Prem ium plan, prem ium -interest. In terest pa id by borrow ing mem bers,
5 % per cent. Prem ium pa id b y borrow in g mem bers, 2.08 per emit.
Loans have been made in Jefferson cou nty, N ew Y ork State. L a rg est
m ortgage loan outstanding, $10,000.
M ortgages in force in N ew Y o r k
State, $271,017.76. T w o foreclosures d u rin g th e year.

KINGS COUNTY
ATLANTIC SAVINGS AND LOAN ASSOCIATION
N o. 321 C ou rt Street, B rooklyn, N. Y .
I Organized under Law o f 1887.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888. Reorganized under
Law of 1892]
Names
Post-office addresses
JOHN J. P. FAGAN...................................... 321 Court Street.
THOMAS J. SKTJSE...................................... 321 Court Street.
JOHN A. LAWLEiR........................................
321 Court Street.
CHARLES A. W E B B E R .............................
4 4 Court Street.

ASSETS
L oan s on bond and m ortgage ............................................................... $ 1 ,2 1 4 , 960
L oan s on shares .....................................................................................
1 6 ,6 0 0
Shares o f Land Bank o f S tate o f New Y o r k ....................................
5 ,0 0 0
C ontracts fo r the sale o f real e s t a t e .................................................
1 ,7 0 0
B eal estate ..................................................................................................
1 1 ,60 0
Cash on hand and in bank ...................................................................
1 09,042
1, 375
F u rn itu re and fixtures ................................................................... ..
Interest, prem ium , fees and fines due and u n p a i d ......................
754

OO
OO
00
00
00
8?
00
90

$ 1 ,3 6 0 ,9 2 2 7 *
L IA B IL IT IE S

D ue shareholders, dues ............................................................................ $ 1 ,2 3 4 ,2 0 8
D ue shareholders, dividends credited ...............................................
3 6 ,21 6
P r io r m ortgages .....................................
5 ,0 0 0
Undivided profits ...................................................................................
4 2 ,9 7 3
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................
29, 654
M a tu rity fund ..........................................................................................
12 ,87 0

34
40
00
33|
13
57!

$1, 360, 922 77*
R E C E IP T S

Cash on hand Janu ary 1, 1915............................................................
Dues credited t o m em bers........................................................................
P r io r m ortgages .........................................................................................
M ortgages redeemed,foreclosed o r transferred to real e s t a t e ..
L oans on shares re p a id ............................................................................
R eal estate sold .........................................................................................
In terest received .........................................................................................
B en t received ..............................................................................................
L oa n deposits ..............................................................................................

$ 7 7 ,3 0 0
342, 856
700
117,7 0 0
2 3 ,8 5 0
5 ,3 4 9
56. 675
576
5. 350

99
55'
00
00
00
55
74
15
00

$630, 358 98
DISBU RSEM EN TS

Loaned on m ortgage .................................................................................
Loaned on shares . . . . 1............................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................




$89, 300 00
2 1 ,50 0 00
285, 573 24,

K ings County
P aid m atured shares ................................................................................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrow ed m oney and p rior m ortgages....................................
P aid interest on borrow ed m oney and p rio r m ortga ges..............
P a id fo r real esta te..................................................................................
P aid salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
Paid’ banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Loan deposits ........................................
Shares o f l a n d L a n k ................................................................................
Reserve fund ................................................................................................
M a tu rity fun d ...........................................................................................
.Expenses o f A tla n tic B u ild in g ..............................................................
General expenses .......................................................................................
Cash on hand December 31, 1915..........................................................

151
$84, 952 54
2 ,7 37
9 ,2 0 0
647
2 ,8 4 9
4 ,8 5 2
439
80
97
5 ,3 5 0
5 ,0 0 0
3 ,6 6 6
2 ,5 9 6
473
2 ,001
109,042

41
00
40
55
00
80
00
20
00
00
17
17
36
27
87

$630,358 98

Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force January 1, 1915, 3 7 ,1 8 4 % ; shares issued during the year,
5 ,3 6 1 % ; shares w ithdraw n durin g the year, 2,091; shares in force, 40,455.
Borrow ing members, 697, holding 6,240% shares; non-borrow ing members,
2,700, h olding 34,214% shares. Female shareholders, 1,425, holdin g 15,050
shares. T otal dividends credited members during the year on instalm ent
shares, $15,093.15; rate, 4 % per cent, and 5 % per cent. T otal dividends
credited or paid in cash to members during the year on other shares, $23,860.66; rate, 4 per cent., 4 % per cent, and 4 % per eent.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$84,952.54. O perating expenses, as defined in section 390 o f the Banking
Law, incurred and paid during the year, $7,293.07. U npaid, none.
N o prem ium plan. Interest paid by borrow ing members, 5 per cent., 5 %
per cent, and 6 per eent. N o premium charged.
Loans have been made in K ings, Nassau, New Y ork, Queens, Richm ond,
Suffolk and W estchester counties, New ¥ork State, and in N ew Jersey.
Largest m ortgage loan outstanding, $10,000. M ortgages in force in New
¥ork State, $1,212,650. One foreclosure during the year.

BAY RIDGE SAVINGS AND LOAN ASSOCIATION
No. 7416 T hird avenue, B rooklyn, N. Y.
[Organized,
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1887]
Names
Post-office addresses
WILLIAM B. HATFIELD.............. 317 Ninety-third Street.
HARRY H. OATES........................ Sedgwick Place
JAMES RUDDIMAN...................... Senator Street.
WALTER L. DURACK.................. 215 Montague Street.

ASSETS
Loans on bond and m ortg a g e.................................................................
Shares o f Land Bank o f State o f N ew Y o r k ....................................
Real estate ..................................................................................................
Gash on hand and in b a n k .....................................................................
Furniture and fixtures ............................................................................




$114,900
1 ,0 0 0
8 ,8 90
2 ,5 88
32

00*
00>
70*
69
00<

$127,411 39

152

R eport on Savings and L oan A ssociations

LIABILITIES
D ue shareholders, d u e s ............................................................................
D u e shareholders, dividends cred ited .................................................
U ndivided profits .....................................................................................
G u a ra n ty fund (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ..........................................................

$10 6,1 4 6
14,182
1 ,5 06
5 ,5 01
15

20
20
18
81
00

$127,411 30
RECEIPTS
Cash on hand Ja n u a ry 1, 1915...............................................................
D ues credited to m em bers........................................................................
M on ey b o r r o w e d ........... ..............................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
In terest received .......................................................................................
Prem ium received .....................................................................................
K ent received ..............................................................................................

$634
2 9 ,0 9 9
5 ,0 0 0
1 3 ,2 5 0
6 ,3 3 3
458
371

66
11
00
00
75*
95
52

$55,147 99
DISBURSEMENTS
Loaned on m o r t g a g e ................ . ..............................................................
D ues repaid on w ithdraw al, o r applied on l o a n s . . . .....................
D ividends pa id on w ith draw al, o r applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rio r m ortga ges....................................
P a id interest o n borrow ed m oney and p rior 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 repairs t o real esta te......................................................................
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...............................................
Officers’ bonds ..............................................................................................
State League dues and expenses..........................................................
Shares o f Land B a n k .................................................................................
T ravelin g expenses ...................................................................................
Cash on hand Decem ber 31, 1915........................................................

$ 1 0 ,6 0 0 0 0
2 7 ,3 9 5 08
5 ,3 3 4 6b
2 ,0 1 4
5 ,0 0 0
94
608
148
130
7
155
19
10
10
15
1 ,0 0 0
15
2 ,5 8 8

48
00
17
(XI
90
61
79
94
50
01
00
25
00
00
69

$55,1 4 7 99

Plan, permanent. P a r value o f shares, $100 and $250. Instalm ents are
50 cents m onthly.
Shares in force Janu ary 1, 1915, 1,736; shares issued during th e year, 4 9 3 ;
shares w ith draw n du rin g the year, 2 3 9 ; shares in force, 1,990. B orrow in g
mem bers, 49, holding 1,149 shares; non-borrow ing members, 248, h oldin g
841 shares. Fem ale shareholders, 116, h oldin g 1,990 shares. T ota l div i­
dends credited members du rin g the year on instalm ent shares, $3,192.98; rate,
5 per cent. T ota l dividends credited o r pa id in cash to members during the
year on oth er shares, $2,014.48; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390
o f th e Banking Law , incurred and paid during the year, $927.76. U npaid,
none.
Prem ium plan, installm ent. In terest paid b y borrow in g members, 6 per
cent. Prem ium paid b y b orrow in g members, 1 per cent.
L oan s have been m ade in K in gs and Queens counties, N ew Y o rk State.
L argest m ortgage loan outstanding, $9,000. M ortgages in force in N ew
Y ork State, $114,900. N o foreclosures du rin g the year.




153

K ings County
BEDFORD CO-OPERATIVE BUILDING LOAN ASSOCIATION
N o. 1646 Fulton street, B rooklyn, N. Y .
[Organized under Law of 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
CHARLES KAISER..................
EDWIN P. HOWELL.................
THOMAS POWDERLY.............
MARTIN S. COHEN..................

Post-office addresses
1273Jefferson Avenue.
9 Arlington Place.
190 Albany Avenue.
302 Broadway, New York.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Shares o f Land Bank o f State o f New Y o r k ....................................
R eal estate ..................................................................................................
Cash on hand and in bank.......................................................................
Advances fo r taxes, insurance, e t c ......................................................

$114,648
950
5 ,0 0 0
4 ,0 0 0
3,9 59
583

66
00
00
00
28
33

$129,141 27
LIABILITIES
Dues shareholders, dues ................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s ..........................
Borrow ed m o n e y .........................................................................................
Undivided profits .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ..................
M a tu rity fund ............................................................................................

$97,693
14,171
44
6 ,5 0 0
3 ,2 4 2
6 ,0 0 0
1,489

93
54
00
00
70
00
04

$129,141 27
RECEIPTS
Cash o n hand Janu ary 1, 1915...............................................................
Dues 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 ............................................................................
Interest received .......................................................................................
R en t r e c e iv e d ................................................................................................
Advances repaid .........................................................................................
M iscellaneous item s ...................................................................................

$9 ,66 8 65
26,081 2 9
9 ,0 0 0 00
13,038 41
540 00
7,359 93
84 00
980 51
191 55
$66,9 4 4 30

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
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 ....................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
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 -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P aid repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c .- ....................................................................
P aid banking departm ent, exam in ation ..........................................
P aid banking departm ent, a s se s s m e n t............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c .....................................................




$19,535
1 ,1 8 0
22 ,91 6
2 ,5 7 8

83
00
05
13

944
8 ,0 0 0
352
734
88
44
84
51
9
14
1,221

76
00
90
00
92
25
99
50'
86
00
00

154

R eport of S avings and L oan A ssociations

Shares o f L and B a n k .................................................................................
M a tu rity fu n d ............................................................................................
M iscellaneous expenses ............................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 5 ,00 0
87
140
3 ,9 5 9

00
9883
29

$66,9 4 4 30
Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force J a n u a ry 1, 1915, 2,960; shares issued during the year, 82 6 ;
shares w ithdraw n durin g th e year, 7 1 0 ; shares in foree, 3,076. B orrow in g
mem bers, 80, h oldin g 672 shares; n on-borrow ing members, 317, holding 2,404
shares.
Fem ale shareholders, 144, h oldin g 1,069 shares. T ota l dividends
cred ited members du rin g the year on instalm ent shares, $4,117.71; rate,
6 per eent. T o ta l dividends credited o r pa id in cash to members du rin g the
year on oth er shares, $1,413.68; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and paid du rin g the year, $977.77. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. N o prem ium charged.
L oan s have been made in B ronx, K in gs, Queens and Suffolk counties, New
Y ork State. Largest m ortgage loan outstanding, $5,000. M ortgages in force
in N ew Y ork State, $114,648.66. N o foreclosures du rin g the year.

BROOKLYN AND NEW YORK ARCANUM BUILDING, LOAN AND
SAVINGS ASSOCIATION
N o. 9 Greene avenue, B rooklyn, N . Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1885]
Names
Post-office addresses
CHARLES A. LENT...............
90 William St., New York.
J. ADDISON ROBB.................
482 Greene Ave., Brooklyn.
J. ADDISON ROBB............
482 Greene Ave., Brooklyn.
I. N. SIEVW RIGHT.................
204 Montague St., Brooklyn.

ASSETS
Loans on bond and m o rtg a g e .................................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................
In terest due and u n p a id ................................................
In terest accrued .........................................................................................

$ 8 1 ,2 0 0
2 ,3 0 2
3 ,1 3 5
52
216
61

00
00
14
90
76
88

$86,9 6 8 68
LIABILITIES
D ue shareholders, d u e s ..................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ................
M a tu rity reserve dividen ds.....................................................................
Suspense accou nt .......................................
In terest pa id in advance..........................................................................

$72,996
5 ,7 4 7
3 ,9 79
1 ,838
1 ,4 7 0
900
36

11
32
34
47
54
90
00

$86,9 6 8 68
RECEIPTS
Cash on hand January 1, 1915...............................................................
Dues credited to m em bers........................................................................
M oney borrow ed .........................................................................................




$1 ,75 1 41
21 ,59 9 83
8 ,0 0 0 00

155

K ings County
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 .......................................................................................
D ividends retained on w ith draw a ls...................................................
L oan c h a r g e s ................................................................................................
Expenses returned .....................................................................................

$ 7 ,8 5 0
1,4 55
20
129
5 ,1 6 8
139
25
25

00
00
00
43
01
62
00
00

$46,163 30
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
D ues 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 ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
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, prin tin g and p osta ge.....................................
P a id rent .......................................................................................................
P a id banking departm ent, exa m in a tion ...........................................
P aid banking departm ent, assessm ent...............................................
A u d i t i n g .........................................................................................................
Furn itu re an d fixtu res..............................................................................
Supplies and sundries ............................................................................
Cash on hand December 31, 1915..........................................................

$ 4 ,5 0 0
2 ,4 4 5
1 3 ,35 0
5 ,5 0 7
1,509

00
00
98
40
09

481
1 4,000
100
618
65
240
16
7
25
52
109
3 ,1 35

56
00
24
00
25
00
25
25
00
90
24
14

$46,163 30
Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force Janu ary 1, 1915, 1,681; shares issued during th e year, 3 7 1 % ;
shares w ithdraw n du rin g the year, 3 4 7 % ; shares in force, 1,705. B orrow in g
members, 35, h oldin g 4 7 5 % shares; non-borrow ing members, 158, holding
1,229% shares. Fem ale shareholders, 72, holding 488 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $2,462.64; rate,
5 per cent. T o ta l dividends credited o r paid in cash to members during the
year on other shares, $481.56; rate, 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$5,507.40. M em bership fee, $1. O perating expenses, as defined in section 390
o f the Banking Law , incurred and paid du rin g the year, $1,057.49. Unpaid,
none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium ch a rg e!.
Loans have been made in K in gs, Nassau, New 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, $81,200. N o foreclosures diiring the
year.

BROOKLYN CITY SAVINGS AND LOAN ASSOCIATION
N o. 91 C ou rt street, B rooklyn, N. Y .
[O rganized under Law o f 1851. Commenced business 1887]
Officers
Names
Post-office addresses
President..................... JOSEPH V. SCULLEY............................ 01
CourtStreet.
Secretary....................
GEORGE A. ROSE................................... 01
CourtStreet.
Treasurer...................
THOM a S .T KELLY
.
91 CourtStreet.
Attorneys...................
DELANEY & NIPER..............................
189
Montague Street.




156

R eport of Savings and L oan A ssociations

ASSETS
L oans on bond and m ortg a g e.................................................................
B locks and b on d s..........................................................................................
B eal e s t a t e .....................................................................................................
Cash on hand and in b a n k ........................................................................
F u rn itu re and fixtures ............................................................................

$563,425
4 ,5 9 0
3 0 ,3 5 0
19,881
500

00
00
00
62
00

$627,746 62
LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited .................................................
Undivided profits ..............................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................
Paym ents on term m ortg a g es.................................................................
Suspense account .......................................................................................

$ 5 6 1,2 7 2
13,802
12 ,98 2
3 5 ,0 0 0
2 ,7 1 9
1 ,9 68

78
44
02
00
81
67

$627,746 62
RECEIPTS
Cash on hand Ja n u a ry 1, 1915.............................................................
D ues credited t o m em bers......................................................................
M oney borrow ed ..........................................................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s ta te ..
B eal estate sold ..........................................................................................
F ines received ..............................................................................................
In terest received ........................................................................................
Prem iu m received .....................................................................................
B en t r e c e iv e d ................................................................................................
P aym ents on term m ortga ges.................................................................
Stocks and b on d s..........................................................................................
In terest, prem ium , fees and fines dues and u n p a id ......................
M iscellaneous item s ...................................................................................

$ 2 4 ,2 8 0
125,632
1 0 ,00 0
4 3 ,6 5 0
4 ,5 0 0
143
2 7 ,1 0 0
3 ,3 7 3
2 ,7 3 9
8 ,1 9 6
5 ,7 0 0
154
99

01
95
00
00
00
49
12
90
20
50
00
41
00

$255,569 58
DISBURSEMENTS
L oaned on m ortgage ...................................................................................
D ues rep aid on w ith draw al, o r applied on lo a n s .........................
D ividends pa id on w ith draw al, o r applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ...........................................................................................................
P a id b orrow ed m oney and p r io r m ortga ges......................................
P a id interest on borrow ed m on ey and p rior m ortga ges................
P a id f o r real estate .................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p o s t a g e ............................................
P a id ren t .......................................................................................................
P a id repairs t o real esta te......................................................................
P a id taxes, insurance, e t c ........................................................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Paym ents on term m ortga ges.................................................................
A p p r a is a ls ......................................................................................................
G eneral expenses .......................................................................................
S u n d r ie s ..........................................................................................................
C a d i on hand December 31, 1915........................................................

$ 5 8 ,2 5 0 0 0
124,355 71
13,157 31
9 ,2 2 7
10 ,00 0
196
4 ,8 5 0
3 ,8 3 6
162
1 ,0 1 0
6?4
851
52
45
7 ,9 6 0
95
914
90
19,881

03
00
06
00
54
68
00
46
45
00
21
10
00
41
00
62

$255,569 58
Plan, perm anent.
$1 m onthly.




P a r valu e o f shares, $100 and $200.

Instalm ents are

157

K ings County

Shares in force J anu ary 1, 1915, 7,694 9 /2 0 ; shares issued du rin g the year,
1 ,1 6 1 % ; shares w ithdraw n during the year, 1,031; shares in foree, 7,824 7 /1 0 .
B orrow in g members, 167, holdin g 1,833% shares; non-borrow ing members,
821, h oldin g 6 ,9 91 % shares. Fem ale shareholders, 442, holding 3,145 7 /1 0
shares. T o ta l dividends credited members during the year on instalm ent shares
$12,523.82; rate, 5 per cent. T ota l dividends credited or paid on cash to
mem bers du rin g the yea r on other shares, $10,505.65; rate, 4 % per cent, and
5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f the
B anking Law , incurred and paid durin g the year, $5,919.63. L n pa id , none.
Prem ium plan, prem ium -interest. In terest paid b y borrow in g members, 6
percent. N o prem ium charged.
Loans have been made in K in gs, Nassau, New York, Queens, Richm ond and
W estchester counties, N ew Y ork State and in New Jersey. L argest m ort­
gage loan outstanding, $8,000.
M ortgages in force in New Y ork State,
$561,925. T w o foreclosures du rin g the year.

BROOKLYN MUTUAL BUILDING AND LOAN ASSOCIATION
No. 526 N ostrand avenue, B rooklyn, N. Y.
[Organized under Law of 1851. Commenced business 1883]
Officers
Names
Post-office addresses
President..................... F. P. WISEBURN...................
951 Lafayette Avenue.
Secretary..................... EDWARD CROWN..................... 505 Lorimer Street.
JOSEPH RODGERS.................
575 McDonough Street.
Treasurer......................
Attorneys................... REMS-EN & PARSONS............ 60 Wall St., New York, N. Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on sh a res...........................................................................................
Shares o f Land Bank o f State o f N ew Y o r k ....................................
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 ..............................................................................
Interest, prem ium , fees and fines due and u n p a id ...........................
A dvances fo r taxes, insurance, e t c ...................................

$38,9^5
2 ,6 7 0
1,000
3 ,6 67
873
60
120
88

00
00
00
00
09
00
00
30

$47,403 39
D ue shareholders,
Due shareholders,
D ue shareholders,
Undivided profits
G uaran ty fun d (a s
D eposits fo r taxes

LIABILITIES
d u es....................................
m atured shares........................................................
dividends cred ited ...................................................
......................................................................................
per section 392 o f B anking L a w ) ..................
....................................................................................

$34,721
6 ,2 9 8
5 ,4 07
1
959
14

26
77
98
47
22
69

$ 47,403 39
I ? E C ' " .....

Cash on hand Janu ary 1, 1915..............................................................
Dues 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 ............................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Rent received ................................................................................................
D ividends retained on w ithdraw als ...................................................
Advances repaid .........................................................................................
Dividends accrued .....................................................................................




$ 2,042
12,441
4 , MO
1 ,6 0 0
3 ,4 2 0
48
2 ,4 9 3
250
63
195

92
41
00
00
00
56
56
00
34
61
38

$26,555 78

158

R eport on Savings and L oan A ssociations

DISBURSEMENTS
Loaned o n <
shares .......................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s .............................
P a id m atured s h a r e s .................................................................................
D ividends pa id on w ith draw al, o r applied on lo a n s ......................
C ash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m a rtga 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, p rin tin g and p o sta g e ...............................................
P a id rent .......................................................................................................
P a id repairs t o rea l esta te .....................................................................
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.................................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
State and M etropolitan League d u e s ....................................................
Shares o f L and B a n k ...................................................................................
S a tisfa ction p i e c e .......................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 2 ,3 6 0
9 ,6 3 2
3 ,9 4 9
1,9 47

00
42
24
52

35
6 ,0 0 0
67
204
58
120
70
92
19

96
00
26
50
07
00
75
38
50
5®
00
68
00
00
85
09

4

8
100
9
1 ,0 0 0
2
873

$26,5 5 5 78
P lan , serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Ja n u a ry 1, 1915, 7 8 1 % ; shares issued du rin g the year, 8 5 ;
shares w ithdraw n du rin g the year, 1 5 6 % ; shares in force, 710. B orrow in g
m em bers, 26, h oldin g 200 shares; n on-borrow ing mem bers, 105, h oldin g 510
shares, N o record o f fem ale shareholders. T ota l dividends credited members
du rin g the year on instalm ent shares, $1,700.40; rate, 5 per cent. T ota l
dividends credited o r pa id in cash to mem bers du rin g th e year on oth er shares,
$83.24; rate, 5 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g th e year,
$2,664.67. O perating expenses, as defined in section 390 o f th e B anking Law ,
in curred and paid during th e year, $402.42. U npaid, none.
N o prem ium plan. Interest paid by b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been m ade in K in gs, Queens, R ichm ond and W estehester
counties, N ew Y ork State. la r g e s t m ortgage loan ou tstan din g, $3,500.
M ortgages in force in N ew Y o rk State, $38,925. N o foreclosures d u rin g the year.

BBSHWICK CO-OPERATIYE BUILDING AND LOAN ASSOCIATION
N o. 612 G rand street, B rooklyn, N. Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1888]
Names
Post-office addresses
C. P. CANFIELD................................. 114McDonough Street.
WILLIAM A. ERNST........................... 74
Van Buren Street.
DANIEL CANTY................................. 134McDonough Street.
J. P. JUDGE.......................................
189Montague Street.

ASSETS
Loans on bond and m o r t g a g e ...........................
L oan s on s h a r e s ......................................................
Shares o f Land Bank o f State o f New Y ork
R eal estate ...............................................................
Cash on hand and in b a n k ................................
F u rn itu re and fixtures ......................................
A dvances fo r taxes, insurance, e t c ..................




$129,300 00
1 ,7 2 5 00

1,000 00
2 0 ,47 9
5 ,5 7 5
350
36

69
48
00
95

$158,467 12

K ings County
LIABILITIES
Due shareholders, dues ............................................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ..................
Suspense a ccou nt .......................................................................................

159

$147,160
3 ,7 4 0
7 ,5 0 0
66

41
50
00
21

$158,467 IS
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited t o m e m b e r s .......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares r e p a i d ............................................................................
R eal estate sold .........................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ................................................................................................
A dvances repaid .........................................................................................

$5 ,35 2
2 4 ,76 2
12 ,50 0
2 1 ,4 0 0
2 ,0 8 5
519
8 ,1 9 6
977
921
297

12
32
00
00
50
68
76
10
90
22

$77,012 60

DISBURSEMENTS
Loaned on mortgage .............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on lo a n s ..........................
Paid matured s h a r e s ..........................................................................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior m ortgages.. . . . . . .
Paid for real e s t a t e ............................................................................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, ete..................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurances, ete..................................................
Shares of Land Bank............................................................................
Foreclosure c o s t s ...................................................................................
Attorney’s fees .....................................................................................
Suspense account .................................................................................
General expen ses...................................................................................
Cash on hand December 31, 1915......................................................

$3,700
2,435
27,265
3,000

00
50
21
00

1,041 41
17,500 00
189 17
10,350 00
2,160 56
46 77
420 00
274 57
1,011 81
29 25
12 68
290 11
1,000 00
408 92
52 00
3 85
245 31
5,575 48
$77,012 60

Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1915, 3,999; shares issued during the year, 581;
shares w ithdraw n durin g the year, 553; shares in force, 4,027. B orrow in g
members, 51, holding 831 shares; non-borrow ing members, 312, holding 3,196
shares.
Fem ale shareholders, 109, holdin g 944 shares.
T ota l dividends
credited members during the year on instalm ent shares, $5,814.96; rate, 5
per cent. T o ta l dividends credited o r paid in cash t o members during the
year on other shares, $1,041.41; rate, 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$3,000. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred and paid during the year, $2,872.64. U npaid, none.




160

H eport oh Savings auto L oaf A ssociations

Prem ium plan, instalm ent. Interest pa id by b orrow in g mem bers, 6 per
cent. Prem ium paid by b orrow in g members, 6 7 /1 0 cents per share per month.
Loans have been m ade in K in gs and Queens counties, N ew Y ork State.
L argest m ortgage loan outstanding, $7,500. M ortgages in force in N ew Y ork
S tate, $129,300. One foreclosure durin g the year.

EAGLE SAVINGS AND LOAN COMPANY
N o. 186 Remsen street, B rooklyn, N . Y .
[Organized under Law o f 1851.
Officers
President...............
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1891]

Names
WARD W. PICKARD................
WILLIAM H. GLUCK.............
WILLIAM H. GLUCK.............
ALMET REED LATSON___

Post-office addresses
186 Remsen Street.
186 Remsen Street.
186 Remsen Street.
55 John Street, N. Y. City.

ASSETS
Loans on bond and m o r t g a g e .........................
L oan s on shares .................................................
C ontracts fo r the sale o f real e sta te ...........
R eal estate ............................................................
Cash on hand and in b a n k .............................
F u rn itu re and f i x t u r e s ....................................
In terest and prem ium due and u n p a id ___
Advances fo r taxes, insurance, e t c ................
In divid u a l accounts ...........................................
S pecial tru st funds ...........................................

$ 2 ,0 9 0 ,9 7 3
2 3 ,1 1 5
1 0,470
332,821
3 0 ,24 6
2 ,5 0 0
17 ,35 0
8 ,4 7 5
2 ,5 4 6
170

92
19
27
04
70
00
46
96
67
95

$ 2 ,5 1 8 ,6 7 1 16
L IA B IL IT IE S

D ue shareholders, dues ............................................................................ $ 2 ,1 0 1 ,7 8 2
D ue shareholders, dividends cred ited ....................................................
101,857
P r io r m ortgages .........................................................................................
167,6 0 0
U ndivided profits .......................................................................................
5 3 ,1 8 3
G u aran ty fund (as per section 392 o f Banking L a w ) ..................
5 ,1 1 4
85 ,41 9
Shareholders deduction account ..........................................................
In terest accrued ..........................................................................................
1 ,715
Reserved fo r taxes .....................................................................................
1 ,8 2 8
Special tru st f u n d s .....................................................................................
170

39
05
00
15
78
SO
17
17
95

$ 2 ,5 1 8 ,6 7 1 16
R E C E IPTS

Cash on hand Janu ary 1, 1915...............................................................
D ues credited to m e m b e r s .......................................................................
P rio r m ortgages .........................................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Loans on shares r e p a i d ............................................................................
R ea l estate sold .........................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ................................................................................................
D ividends retained on w ith d ra w a ls.................................
Advances rep aid .......................................................................................
In divid u a l accounts ...................................................................................
R eal estate con tracts .................................................................................
C ertificates o f deposit ...............................................................................




$46,931
145,671
8 ,5 7 5
7 5 ,00 0
926,591
15 ,33 2
102,477
744
111,705
7 ,2 6 3
18,615
11,064
2 0 ,3 8 6
19 ,02 5
13 ,51 6
19 ,25 4

12
85
00
00
95
24
85
78
97
97
98
65
99
70
43
04

K ings County
Shareholders’ deduction account ..........................................................
Legal expenses ...........................................................................................
P rofit and loss ...........................................................................................

161
$ 9 7 ,5 6 2 37
621 68
7 ,3 69 66
$ 1 ,6 4 7 ,7 1 2 23

DISBURSEM ENTS

Loaned on m o rtg a g e..................................................................................
Loaned on shares .......................................................................................
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 incom e and accum ulative prepaid
s h a r e s ...........................................................................................................
P aid borrow ed m oney and p rior m o r t g a g e s ....................................
P aid interest on borrow ed m oney and p rior m ortga ges..............
P a id fo r real e s t a t e ..................................................................................
P a id salaries and clerk-h ire...................................................................
P aid advertising, prin tin g and p osta g e.............................................

$345,051
2 3 ,9 0 2
469,1 6 2
82,145

22
43
66
72

26,539
2 62,975
15.346
125,075
16,871
2 ,1 8 3

05
00
68
06
74
17

6,000 00
P aid repairs to real esta te ..............................................
P a id taxes, insurance, e t c .................................................
P aid banking departm ent, exa m in a tion ...................
P a id banking departm ent, assessment ....................
Advances fo r taxes, insurance, e t c .............................
In dividual accounts ........................................................
R eal estate c o n t r a c t s ......................................................
Taxes on real estate and in terest.............................
Recording, searching and bank exa m in a tion ......... .
A ppraisals ..........................................................................
D iscount on advanced paym ents..................................
A ttorn ey’s fees .................................................................
Internal revenue ...............................................................
Certificates o f deposit ...................................................
Shareholders deduction a c c o u n t ..................................
D eferred dividend ..........................................................
M ortgage t a x .....................................................................
Legal e x p e n s e s ...................................................................
G uaranty fund to shareholders deduction account
P rofit and loss to shareholders deduction account
P rofit and loss .................................................................
Sundry expenses ..............................................................
Cash on hand December 31, 1915.............................

9 ,9 85
10,433
113
218
22,867
23 ,63 4
10,750
2 3 ,9 4 2
2 ,1 9 9
300
4
6,000
108
19,254
12,142
292
251
3 ,2 24
39,599
53.347
673
2 ,8 68
30,246

59
94
75
55
88
27
00
08
90
00
45
00
20
04
87
48
61
40
09
60
50
60
70

$ 1 ,6 4 7 ,7 1 2 23
P lan , permanent. P ar value o f shares, $100. Instalm ents are 5, 1 2 % , 1 6 % ,
25, 3 3 % , 50 cents and $1 m onthly.
Shares in force January 1, 1915, 119,318.9763 ; shares issued during the year,
4,333; shares w ithdraw n during the year, 18,375.8099; shares in force, 105,276.1664. B orrow in g members, 388, holding 14,143.1664 shares; non-borrow ­
in g members, 4,193, holding 91,133 shares. Fem ale shareholders, 1,832, hold­
ing 36,846 shares. T o ta l dividends credited members during the year on
instalm ent shares, $10,838.76; rate, 5 per cent. T ota l dividends credited or
paid in cash to members during the year on other shares, $38,708.33; ra te 3 %
per cent and 5 per cent. Am ount o f filed and unpaid w ithdraw als December
31, 1915, $540,729.45.
Entrance fee, 25 cents per share. O perating expenses, as defined in section
390 o f the Banking Law , incurred and paid during the year, $28,331.51.
Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow in g members, 6 per cent.
Prem ium paid b y borrow ing members, 1.98 per cent.
Loans have been made in B ronx, K in gs, N assau, New Y ork , Queens, R ich ­
m ond, Su ffolk and ’W estchester counties, N ew Y ork State, L argest m ortgage

6




162

R eport on Savings and L oan A ssociations

loan outstanding, $18,400. M ortgages in force in New Y ork State, $2,090,973.92. Seven foreclosures during the year.

EAST BROOKLYN SAVINGS AND LOAN ASSOCIATION
No. 1012 Gates avenue, B rooklyn, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1885]
Names
Post-office addresses
BENJAMIN .THOMPSON...............
810 Lexington Avenue.
ALKRED BAILEY............................ 1012 Gates Avenue.
JAMES B. SHAW............................ 025 Green Avenue.
WALTER L. DURACK.................... 215 Montague Street.

ASSETS
Loans on bond and m ortg a g e.............................
Loans on shares ....................................................
Shares o f Land Bank o f State o f New Y ork
R eal estate ...............................................................
Cash on hand and in b a n k ................................
F u rn itu re and fixtures ........................................
A dvances fo r taxes, insurance, e t c ..................

$506,457
350
3 ,0 00
2 9 ,82 4
19,371
450
286

31
00
00
50
82
00
34

$559,739 97
LIABILITIES
D ue shareholders, dues ............................................................................
P r io r m ortgages .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d (as per section 392 o f B anking L a w ) ..................
Special deposits .........................................................................................
Suspense account .......................................................................................

$491,469
2 2 ,60 0
21,335
2 2 ,44 1
1,613
280

90
00
08
35
27
37

$559,739 97
RECEIPTS
Cash on hand January 1, 1915...............................................................
Dues credited to mem bers .....................................................................
M ortgages redeemed, foreclosed or tran sferred to real esta te. .
Loans on shares repaid
.......................................................................
R eal estate s o l d ...........................................................................................
In terest received .......................................................................................
R en t received ..............................................................................................
Advances repaid .......................................................................................
Special deposits .......................................................................................
G uaranty fun d ............................................................................................
Insurance r e b a t e .........................................................................................

$ 1 8 ,5 8 4
140,906
8 0 ,00 0
3 ,8 8 0
5 ,8 0 0
28,341
2 ,3 8 4
701
15,790
1,361
9

56
98
66
00
00
30
24
30
42
97
20

$297,760 53
DISBURSEMENTS
Loaned on m o r t g a g e ...................................................................................
Loaned on s h a r e s .......................................................................................
Dues repaid 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 p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id fo r real e s t a t e ......... .........................................................................
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and p osta ge............................................
P a id rent ......................................................................................................
P a id repairs to real esta te........................................................................
P a id taxes, insurance, e t c .......................................................................




$77,800 00
480 00
123,348 78
3 ,6 8 3 11
1 5,150 00
6371 19
11,386 10
2 ,6 2 5 00
359 39
900 00
1 ,460 31
1 ,5 57 91

163

K ings County
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
Advances for taxes, insurance, e t c ........................................................
State and M etropolitan le a g u e dues and expenses......................
D ividends credited to m em bers..............................................................
Special deposits .........................................................................................
G uaranty fund ...........................................................................................
Suspense account .....................................................................................
Shares o f Land Bank ..............................................................................
Search .............................................................................................................
A ttorn ey’ s fees ...........................................................................................
Com m ission on sale o f real esta te........................................................
J a n itor ...........................................................................................................
H e a t ...................................................
L igh t ...............................................................................................................
Telephone ......................................................................................................
Sundry expenses .........................................................................................
Cash on hand December 31, 1915............................................................

$48
40
14
814
46
18,449
14,517
1,361
6
3 ,0 00
23
25
50
316
125
169
37
6
19,371

76
30
00
29
50
17
34
97
00
00
2a
00
00
00
50
85
00
00
82

$297,760 53
Plan, permanent. P ar value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force January 1, 1915, 10,819 1 7 /2 0 ; shares issued during the year,
1,637; shares w ithdraw n du rin g the year, 2,363 1 7 /2 0 ; shares in force,
10,093.
B orrow in g members, 191, holding 2,619 shares; non-borrow ing
members, 1,226, holding 7,474 shares. N o record o f fem ale shareholders. T otal
dividends credited mem bers du rin g the year on instalm ent shares, $18,449.17;
rate, 5 per cent. T ota l dividends credited or paid in eash t o members during
the year on other shares, $3,633.11; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and pa id du rin g th e year, $4,649.24. U npaid, none.
N o prem ium plan. Interest paid by borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Nassau, New Y ork, Queens and W est­
chester counties, New I'ork State, and in New Jersey. Largest m ortgage loan
outstanding, $12,000. M ortgages in force in New Y ork State, $505,457.31.
T w o foreclosures durin g the year.

EAST NEW YORK SAYINGS AND LOAN ASSOCIATION
N o. 2790 F ulton street, B rooklyn, N . Y .
[Organized under Law o f 1892.
Officers
Names
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 18921
Post-office addresses

EUGENE K. TICHENOB.................
MORRIS KLEIN..................................
FRANK T. SMITH..............................
WALTER L. DURACK......................

189
50
141
215

Montague Street.
Bradford Street.
Shepherd Avenue.
Montague Street.

ASSETS

Loans on bond and m ortg a g e. . . . ......................
Loans on s h a r e s ......................................................
Shares o f Land Bank o f State o f N ew Y ork
C ontracts fo r the sale o f real esta te................
R eal e s t a t e ..............................................................
Cash on hand and in bank.................................
Furniture and fix tu res.................... ...................
Advances fo r taxes, insurance, e t c ..................




$222,550 00
9 ,6 0 0 00

1,000 00
700
64,750
9 ,3 28
60
4 ,6 37

00
00
04
00
30

$312,626 24

104

R efobt oh Savihgs ahd L oan A ssooiatiohs
L IA B IL IT IE S

D ue shareholders, d u es............................................................................
P r io r m ortgages .........................................................................................
B orrow ed m oney .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ....................
R ea l estate m o rtg a g e ................................................................................
Suspense account .......................................................................................

$2 4 2,3 6 0
2 5 ,10 0
20 ,00 0
6 ,6 1 4
16,535
2 ,0 0 0
16

08
00
00
58
05
00
53

$312,626 24
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited to m em bers........................................................................
M oney borrow ed ........................................................' .............................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Loans on shares re p a id ............................................................................
R eal estate sojd .........................................................................................
In terest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ................................................................................................
A dvances repaid .........................................................................................
Taxes, insurance, etc..........................................................................
G uaran ty fu n d ............................................................................................
Suspense account .......................................................................................
Undivided earnings ...................................................................................
R eal estate r e p a i r s .....................................................................................
P ro fit and loss ...........................................................................................
F u rn itu re loss ............................................................................................
Expense ...........................................................................................

$8, 883
83,802
2 3 ,0 0 0
27 ,00 0
4 ,8 9 0
6 ,2 5 0
12,157
2 ,3 3 8
2 ,6 3 3
3 ,7 6 5
1 ,1 23
2 ,4 3 5
53
867
58
16,707
10
1 ,4 66

82
55
00
00
05
00
51
81
82
90
61
05
26
99
30
79
00
66

$197,445 12
DISBURSEMENTS
L oaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid 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 money and p rior m ortgages......................................
P a id interest on borrowed m oney and p rior m ortgages.............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id repairs to real esta te.....................................................................
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...............................................
A dvances fo r taxes, insurance, e t c ......................................................
Share® o f Land Bank ..............................................................................
P ro fit and loss ...........................................................................................
R eal estate profits .....................................................................................
M ortga ge on real estate ...................................... .................................
U ndivided earnings ..................................................................................
Suspense account .......................................................................................
Interest transferred ................................................................................
Prem ium transferred ................................................................................
R en t t r a n s fe r r e d ...................................... ...................................................
Cash on hand December 31, 1915..........................................................




$26,000 00
9 ,7 4 5 05
100,776 57
6 ,1 1 9
3 ,5 0 0
1 ,675
1 ,213
172
68
1,123
57
22
5 ,9 71

72
00
94
46
99
30
61
25
96
89

1,000 00
11,206
1,400
2 ,1 5 0
430
36
10,481
2 ,3 3 8
2 ,6 3 3
9 ,3 2 8

68
00
00
83
73
57
81
82
94

$197,445 12

165

K ings County

F lan, permanent. F a r value o f shares, $100. Instalm ents are 10 cents
and 25 cents w eek ly; 50 cents and $1.08% m onthly.
Shares in force January 1, 1915, 1 3 ,03 6 % ; shares issued during the year,
3,040; shares w ithdraw n during the year, 2,970; shares in force, 13,106% .
B orrow in g members, 46, holding 1,566 shares; non-borrow ing members, 756,
h oldin g 11,540% shares. N o record o f fem ale shareholders. T ota l dividends
credited members du rin g the year on instalm ent shares, $5,675.90; rate, 5
per cent. T ota l dividends credited o r paid in cash t o members during the
year on other shares, $6,119.72; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law, incurred and paid du rin g the year, $1,386.45. Unpaid,
none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 5 % per
cent, and 6 per cent. Prem ium paid b y borrow in g members, 1 per cent, and
2 % per cent.
Loans have been made in K in gs, N assau, Queens and Suffolk counties, New
Y ork State. Largest m ortgage loan outstanding, $18,500. M ortgages in force
in New Y ork State, $222,550. N o foreclosures during the year.

THE EQUITABLE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 124 C ourt street, B rooklyn, N. Y.
[Organized under Law of 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
JAMBS P. JUDGE..................................
THOMAS M. MANNION......................
JAMBS P. COLLINS.............................
JAMBS P. JUDGE..................................

Post-office addresses
189 Montague Street.
244 Macon Street.
189 Montague Street.
189 Montague Street.

ASSETS
Loans on bond and m ortg a g e .............................
Loans on shares ...................................................
Shares o f L and Bank o f State o f N ew Y ork
Cash on hand and in b a n k ...............................
Advances fo r taxes, insurance, e t c ..................

$197,600
450
1,000
14,354
48

00
00
00
35
24

$213,452 59
LIABILITIES
Due shareholders, dues ............................................................................
Undivided profits .....................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................
D ividends on incom e shares...................................................................

$193,413
fr,963
12 ,02 5
1 ,0 50

59
68
02
30

$213,452 59
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues credited t o members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares r e p a i d ............................................................................
Real estate s o l d ...........................................................................................
Interest and prem ium received ............................................................
Advances repaid .........................................................................................




$8 ,79 8
28,610
4 ,0 0 0
2 3,275
1,300
4 ,5 0 4
13,556
275

83
77
00
00
00
00
84
72

$84,321 16

166

R eport on Savings and L oan A ssociations
DISBU RSEM EN TS

Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares ................................................................................
Cash dividends paid on incom e 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 p rio r m ortga ges................
P a id fo r real esta te.....................................................................................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id ren t .....................................................................................; ...............
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, a ssessm en t................................................
Advances fo r taxes, insurance, e t c ........................................................
Shares o f L and B a n k .................................
Expenses .........................................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 1 9 ,1 5 0
450
15,606
18,850

00
00
60
00

1,930
4 ,0 0 0
16
4 ,4 2 5
2 ,3 5 1
46
370
1,431
34
16
103
1 ,000
185
1 4,354

39
00
30
00
83
55
00
01
67
02
52
00
02
35

$84,321 16
P lan, permanent. P a r value o f shares, $100 and $250. Instalm ents are
10 cents and 25 cents w eekly.
Shares in force J anu ary 1, 1915, 5,360; shares issued durin g the year,
1,101; shares w ithdraw n during the year, 4 2 7 ; shares in force, 6,034. B o r­
row in g members, 73, holding 932 shares; non-borrow ing mem bers, 270, hold­
in g 5,102 shares. N o record o f fem ale shareholders. T ota l dividends credited
members du rin g the year on instalm ent shares, $6,703.34; rate, 5 per emit.
T o ta l dividends credited or paid in cash to members during the year on oth er
shares, $1,930.39; rate, 4 % per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$18,850. O perating expenses, as defined in section 390 o f th e Banking L a w ,
incurred and paid du rin g the year, $2,953.40. U npaid, none.
P rem ium plan, prem ium -interest. In terest paid b y borrow in g mem bers, 6
per cent. Prem ium p a id by b orrow in g mem bers, % o f 1 per cent.
L oan s have been m ade in B ronx, K in gs and Queens counties, N ew Y ork
State. Largest m ortgage loan outstanding, $7,000. M ortgages in fo rce in
N ew Y ork State, $197,600. T w o foreclosures du rin g the year.

FIFTH AVENUE SAVINGS AND LOAN ASSOCIATION
N o. 483a F ifth avenue, B rooklyn, N . Y .
[Organized under Law o f 1851.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1890]
Post-office addresses

WM. M. KELLOGG............................
STEPHEN Y. McN'AIR......................
WM. J. ALLEN..................................
JAMES P. JUDGE..............................

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 ...........................................
F u rn itu re and f ix t u r e s ....................................................

Interest, premium; fees and fines due and unpaid




488 Thirteenth Street.
1837 61st Street.
505 Sixth Avenue.
189 Montague Street.
$ 87,900
599
5 ,7 1 8
3 ,411
50
835

00
00
73
14
00
75

$ 9 8 ,5 1 4 62

K ings County
LIABILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends credited .................................... . ...........
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................

167
$ 3 3 ,0 9 4
5 2 ,7 2 8
7 ,6 9 2
5 ,0 0 0

02
20
40
00

$98,5 1 4 02
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited t o members ...........................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans o n shares r e p a i d .................
R eal estate sold .........................................................................................
Interest received ......................................................................
Prem ium r e c e iv e d .......................................................................................
Rent received ..............................................................................................
Advances repaid .........................................................................................

$475 20
7,5 59 63
2 ,8 0 0 00
14,650 00
2 ,2 3 4 00
8 ,1 33 00
5 ,2 7 5 84
655 98
408 99
11 25
$42,203 89

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends paid on w ithdraw als, 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 ortga ges................
P a id salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta ge...............................................
P aid ren t ......................................................................................................
P aid repairs to real esta te .......................................................................
P aid 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...............
State League dues and expenses............................................................
A u ditin g ..........................
Insurance ...........
Cash on hand December 31, 1915........................................................

$ 1 0 ,2 0 0
684
18,735
4 ,7 7 8
2 ,8 0 0
28
760
29
216
228
250
19
8
17
30
5
3,4 11

00
00
04
32
00
89
99
76
00
64
24
50
62
75
00
00
14

$42,203 89
Plan, permanent. P a r value o f shares, $100 and $250. Instalm ents are 10
cents w eekly and 25 cents m onthly.
Shares in force Janu ary 1, 1915, 2,672 2 / 5 ; shares issued during the year,
3 37; shares w ithdraw n during the year, 191% ; shares in force, 2,817% .
B orrow in g members, 32, holding 351% shares; non-borrow ing members, 177,
h oldin g 2,466 shares. Fem ale shareholders, 70, h oldin g 943 shares. Total
dividends credited members during the year on instalm ent shares, $4,739.30;
rate, 5 per cent and 5 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and paid during th e year, $1,059.50. Unpaid,
none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members 5 % per
cent and 6 per cent. Prem ium paid b y b orrow in g members, 2 cents per share
per week.
Loans have been made in K in g s and Queens counties, N ew Y ork State.
L argest m ortgage loa n outstanding, $6,700. M ortgages in force in New Y ork
State, $87,900. N o foreclosures du rin g th e year.




168

R eport on Savings and L oan A ssociations

FLATBUSH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 849 Flatbush avenue, B rooklyn, N . Y ,
[Organized under Law of 1887.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1889]
Post-office addresses

EDWIARD Bl VANDERVEER...........
JOS. S. ROWLEE..............................
GEORGE W. EGBERT......................
JOHN D. PRINCE, J R ........................

162
174
355
166

Montague Street.
Martense Street.
East 16th Street.
Montague Street.

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 ................................... .......
F u rn itu re and fixtures .................................................
Interest, prem ium , lees and fines due and unpaid
Advances fo r taxes, insurance, e t c .............................

$112,839 03
1,415 00
5 ,0 8 5 59

100 00
4 ,8 4 2 46
2 ,3 4 4 17
$ 1 26,626 25

LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ..................
Unearned o r rebatable p r e m iu m ..........................................................
Suspense account .......................................................................................

$91,183
2 0 ,33 3
2 ,4 6 8
6 ,5 7 8
2 ,6 21
3 ,4 4 0

00
45
66
82
58
74

$126,626 25
R E C E IPTS

Cash on hand Ja n u a ry 1, 1915...............................................................
D ues credited to m e m b e r s ........................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s t a t e ..
Loans on shares re p a id ..............................................................................
Fees r e c e i v e d ................................................................................................
F ines received ..............................................................................................
In terest r e c e iv e d ...................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith d r a w a ls ..........................................
Suspense accou nt .......................................................................................
P rofit and loss, prem ium e a r n e d ..........................................................
P ro fit and loss, interest a c c r u e d ..........................................................
O verpaid dues r e t u r n e d ............................................................................

$146
23 ,04 8
2 0 ,5 0 0
10,918
845
132
837
5 ,7 7 4
25
251
3 ,4 4 0
257
80
15

06
00
00
94
00
25
79
69
00
09
74
15
50
00

$66,272 21
DISBURSEMENTS
Loaned on m o r t g a g e ...................................................................................
Loaned on s h a r e s .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P a id m atured s h a r e s ................................................................................
D ividends pa id 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 in terest 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 p osta g e.............................................
P a id r e n t ........................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent.................................................
Suspense account, dues ............................................................................




$ 2 ,02 5
1 ,2 2 0
6 ,6 0 2
1 3,395
1 ,2 55
3 1 ,50 0
237
835
65
120
23
10
2 ,2 4 7

00
00
00
00
54
00
23
00
30
00
83
18
00

169

K ings County
Suspense account, d ividen ds...................................................................
Prem ium r e b a t e d .........................................................................................
In terest accrued .........................................................................................
G eneral e x p e n s e s .........................................................................................
Cash on hand December 31, 1915..........................................................

$1, 193 74
. 314 15
80 50
62 15
5 ,0 8 5 59
$66,272 21

Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1915, 1,683; shares issued during the year, 522;
shares w ithdraw n during the year, 219; shares in force, 1,986. B orrow ing
members, 37, h oldin g 605 shares; n on-borrow ing members, 247, h oldin g 1,381
shares.
Fem ale shareholders, 101, holding 689 shares.
T ota l dividends
credited mem bers during the year on instalm ent shares, $5,840.14; rate, 6 %
per cent.
N o unpaid w ithdraw als.
A m ount o f shares matured during the year,
$13,395. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid du rin g the year,
$1,082.45. U npaid, none. Prem ium plan, gross.
Interest paid by b orrow in g members, 5 per cent, on m ortgage loa n s; 6
per cent, on share loans. Prem ium paid b y b orrow in g members, $2.50 per
share.
Loans have been made in K in gs and Queens counties, New Y ork State.
Largest m ortgage loan outstanding, $12,177.50. M ortgages in force in New
Y ork State, $112,839.03. N o foreclosures during the year.

FORT GREENE CO-OPERATIYE BUILDING AND LOAN ASSOCIATION
N o. 401 B ridge street, B rooklyn, N. Y .
[Organized under Law o f 1851.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1889]
Post-office addresses

JOHN J. KENNEY................................
JOHN H. JACKSON............................
JAMES R. BRACKEN..........................
HENRY E. HEISTAD..........................

277
505
205
190

Myrtle Avenue.
Clinton Avenue.
St. James Place.
Montague Street.

A SSETS
Loans on bond and m ortga ge...................................................................
Loans on s h a r e s ...........................................................................................
Cash on hand and in b a n k .......................................................................
F urniture and f ix t u r e s ..............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

$132,150
7 ,1 32
14,200
90
1,458

00
00
11
00
33

$155,030 44
LIABILITIES
Due shareholders, d u e s ...................
D ue shareholders, dividends cred ited ...................................................
U ndivided profits .......................................................................................
G uaranty fu n d (as per section 392 o f Banking L a w ) ................
Suspense accou nt .......................................................................................

$118,101
29,221
3,4 75
4 ,2 2 6
6

15
65
50
14
00

$155,030 44
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues credited to m em bers............................................................ ..........
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees received ................................................................................................




$7,714
23,941
10,100
3 ,4 12
27

22
41
00
00
25

1?0

R eport on Savings and L oan A ssociations

Fines r e c e i v e d .......................................
Interest' received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances repaid .........................................................................................
A p p ra isa ls.......................................................................................................

$63
7 ,8 0 3
1 ,1 14
332
28
25

95
51
12
80
50
00

$ 5 4 ,5 6 2 76
DISBURSEMENTS
Loaned on m o rtg a g e.................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P a id m atured s h a r e s ......................................................................... . . .
D ividends p a id on w ithdraw al, o r applied on lo a n s ...................
P a id interest o n borrow ed m oney and p rior m ortga ges..................
P a id salaries and cle r k -h ir e ....................................................................
P a id advertising, p rin tin g and p osta ge...............................................
P aid rent .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent.................................................
(Jitters’ bonds ................................................................................................
Advances fo r taxes, insurance, e t c ........................................................
State League d u e s .....................................................................................
A p p r a is a ls ......................................................................................................
R epairing sign ............................................................................................
Cash on hand December 31, 1915..........................................................

$ 8 ,0 0 0 00
3 ,7 9 5 00
9 ,1 9 8 74
16,678 11
1 ,3 12 47
132 46
856 00
87 21
156 25
23 05
1161
6 00
65 50
11 25
25 00
4 00
14,200 11
$54, 562 76

Plan, permanent. P a r value o f shares, $200 and $250. Instalm ents are
25 cents w eekly and $1, m onthly.
Shares in force Janu ary 1, 1915, 2,039 1 7 /2 0 ; shares issued during the year,
3 9 6 ; shares w ithdraw n du rin g the year, 356 1 0 /2 0 ; shares in force, 2,079 7 /2 0 .
B orrow in g members, 28, holdin g 3 7 9 % shares; non-borrow ing mem bers, 233,
holding, 1 ,6 9 9 1 7 /2 0 shares.
Fem ale shareholders, 107, h oldin g 637 9 /2 0
shares. T o ta l dividends credited members du rin g the year on instalm ent
shares, $7,689.96; rate, 6 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$18,678.11. M em bership fee, 25 cents and 50 cents. O perating expenses, as
defined in section 390 o f the B anking Law , incurred and paid du rin g th e year,
$1,120.71. Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 5 per cent,
and 6 per cent. Prem ium paid by borrow ing members, 4 /5 o f 1 per cent.
Loans have been made in K in gs, Queens and R ichm ond counties, N ew Y ork
State. Largest m ortgage loans outstanding, $10,000. M ortgages in force
in N ew Y ork State, $132,150. N o foreclosures du rin g the year.

FULTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 177 C ou rt street, B rooklyn, N . Y ,
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Law of 1851
Commenced business 1888]
Names
Post-office addresses
E. DROSSE................................
25 Broad Street, New York.
J. P. RATHBON........................ 215 Montague Street.
CHARLES C. JACOBS...........
796 President Street.
RALPH K. JACOBS.................
215 Montague Street.

ASSETS
L oans on bond and m ortg a g e.................................................................
Loans on shares .........................................................................................
R eal e s t a t e .....................................................................................................




$ 4 2 ,2 0 0 00
560 00
10,250 00

K ings County
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res............................................... ..............................
Interest, prem ium , fees and fines due and u n p a id ........................

171
$387 27
257 60
282 50
$53,937 37

L IA B IL IT IE S

D ue shareholders, d u es........... .................................................
Due shareholders, dividends cred ited ...............................
Undivided profits .....................................................................
G uaranty fu n d {a s per section 392 o f Banking L aw )

$44,3 6 8
6,0 01
129
3 ,4 38

07
82
25
23

$53,937 37
RECEIPTS
Cash on hand J anu ary 1, 1915............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Interest received .........................................................................................
B en t received ..............................................................................................

$373
11,986
3 ,6 0 0
355
10
1,695
768

05
85
00
00
00
63
00

$18,788 53
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P aid m atured shares..................................................................................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ...........................................................................................................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p osta g e ..........................................
P a id banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
R eal estate expenses ................................................................................
Gas and e le ctricity .....................................................................................
Sundry expenses .........................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$10,7 0 0
670
4 ,6 2 7
714

00
00
13
21

794
338
12
13
4
443
55
29
387

80
00
45
00
20
15
16
16
27

$18,788 53

P lan , serial. P a r value o f shares, $100. Instalm ents are 10 cents weekly.
Shares in fo rce Janu ary 1, 1915, 5 4 9 % ; shares issued du rin g the year,
3 4 2 ; shares w ithdraw n during the year, 7 3 ; shares in force, 818%. B orrow ­
in g members, 8, holding 98% shares; non-borrow ing members, 63, h oldin g 720
shares.
Fem ale shareholders, 14, holding 102 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $1,424.56; rate, 5 per
cent. T ota l dividends credited or paid in cash to members during the year
on other shares, $794.80; rate, 5 per eent.
N o unpaid w ithdraw als. Mem bership fee, 50 cents. O perating expenses,
as defined in section 390 o f the Banking Law, incurred and pa id during the
year, $434.77. U npaid, none.
N o prem ium plan. Interest paid by borrow ing members, 5 per eent and
6 per cent. N o prem ium charged.
Loans have been made in K ings, Queens and R ichm ond counties, New Y ork
State. Largest m ortgage loan ou tstanding $5,000. M ortgages in force in
New Y ork State, $42,200. N o foreclosures du rin g the year.




1^2

R eport of Savings and L oan A ssociations

THE GERMAN BUILDING AND SA VING COMPANY OF BROOKLYN, N. Y.
X o. 940 W illough by avenue', B rooklyn, N. Y.
[Organized under Law of 1851.
Officers
Names
President.....................
Secretary....................
Treasurer...................
Attorney.....................

Commenced business 1886J
Post-office addresses

HENRY C. MACHOLD...........
166 Chauncey
ADAM ARCHINAL......................
1014
ADAM ARCHINAL......................
1014
GEORGE L. STAMM..................
140

ASSETS
L oan s on bond and m ortg a g e.................................................................
Loans on shares ........................................................ .................................
Cash on hand and in b a n k .......................................................................

Street.
Forest Avenue.
Forest Avenue.
Nassau St., New York.
$24,7 0 0 00
669 00
643 37
$26,012 37

LIABILITIES
D ue shareholders, du es............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m o n e y .........................................................................................
Undivided profits .......................................................................................
G uaran ty fund (as per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ............................................................

$ 2 1 ,7 3 0
2 ,1 1 7
1 ,0 0 0
596
384
184

22
12
00
60
32
11

$26,012 37
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
D ues 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 ..............................................................................
Fees received ..............................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith d raw a ls....................................................

$2,061
7 ,8 61
2 ,0 0 0
1 ,0 0 0
1,291
44
44
1 ,4 73
19
30

22
86
00
00
00
00
87
25
00
42

$ 15,825 62
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
D ues 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 borrow ed m oney and p rior 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, p rin tin g and p osta ge...............................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
D eposit va u lt ..............................................................................................
A ttorn ey’ s fees ............................................................................................
Cash on hand December 31, 1915..........................................................

$ 6 ,5 5 0
1 ,1 08
5 ,5 7 8
294
1 ,0 0 0
121
479
13
16
2
8
5
3
643

02
00
58
34
00
80
50
65
35
56
80
00
65
37

$ 15,825 62
P lan , serial and permanent.
10 cents weekly.




P a r valu e o f shares, $100.

Instalm ents are

173

K ings County

Shares in fo rce January 1, 1915, 1,280; shares issued during the year, 445;
shares w ithdraw n du rin g the year, 320; shares in force, 1,405. B orrow ing
members, 13, holding 270 shares; non-borrow ing members, 114, holding, 1,135
shares.
Fem ale shareholders, 35, holding 345 shares.
T ota l dividends
credited members during the year on instalm ent shares, $738.82; rate, 4
per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per mem­
ber and 10 cents per share. O perating expenses, as defined in section 390
o f the B anking Law , incurred and paid during the year, $510.60. Unpaid,
none.
.Premium plan, gross. Interest paid by borrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, 2 per cent.
Loans have been made in K in gs, Nassau and Queens counties, New Y ork
State.
L argest m ortgage loan outstanding, $3,200.
M ortgages in force
in New ¥ ork State, $24,700. N o foreclosures during the year.

GERMANIA BUILDING, SAVING AND LOAN INSTITUTION
N o. 1269 G ates avenue, B rooklyn, N. Y.
[Organized under Law of 1861.
Officers
Names
President.
Secretary.
Treasurer
Attorney.

Commenced business 1888]
Post-offlee addresses

FREDERICK S. SHACKNE.
WM. B. SCHWARTING...........
A. H. WENZEL.......................
GEO. F. ALEXANDER...........

110 Palmetto Street.
242 Woodbine Street.
1568 Putnam Avenue.
115 Washington Street.

ASSETS
Loans on bond and m o r t g a g e .................................................................
Loans on shares ............................. t .........................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ............................................................................
Interest, prem ium , fees and fines due and u n p a id ...........................

$2 ,60 0
200
485
25
58

00
00
50
00
00

$3,368 50
LIABILITIES
Due shareholders, dues ............................................................................
Due shareholders, dividends cred ited .................................................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................

$3,121
117
26
102

76
62
70
42

$ 3,368 50
RECEIPTS
Cash on hand Janu ary 1, 1915............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Interest received .........................................................................................
D ividends retained on w ith draw a ls.....................................................

$497
1,3PS
950
642
3
190
15

96
48
00
20
65
51
82

$3,698 62
DISBURSEMENTS
Loaned on m o r t g a g e ..................................................................................
Loaned on shares .......................................................................................
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 ......................
Paid salaries and clerk -h ire...................................................................
Paid advertising, printing and p osta g e.............................................




$800
173
2 ,0 75
107
13
14

00
20
88
18
28
14

174

Report on Savings and Ik)an A ssociations

P a id rent .......................................................................................................
P a id banking departm ent, exam ination .........................................
P a id banking departm ent, assessm ent..............................................
S h o r t a g e .........................................................................................................
Overcharge repaid .....................................................................................
Cash on hand December 31, 1915..........................................................

$12 00
075
1 28
5 00
1 41
485 50
$ 3 ,69 8 62

P lan, permanent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force January 1, 1915, 357; shares issued du rin g the year, 142;
shares w ithdraw n du rin g the year, 111; shares in force, 388. B orrow in g
members, 6, h oldin g 78 shares; n on-borrow ing members, 43, h oldin g 310
shares. Fem ale shareholders, 13, holding 67 shares. T ota l dividends credited
members du rin g the yea r on instalm ent shares, $117.62; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and paid during the year, $39.42. Unpaid, none.
N o prem ium plan. Interest pa id b y b orrow in g members, 5 per cent, and 6
per cent. N o prem ium charged.
Loans have been m ade in K in gs and Queens counties, New Y ork State.
L argest m ortgage loan outstanding, $975. M ortgages in force in New Y ork
State, $2,600. N o foreclosures durin g the year.

HAMILTON SAYINGS AND LOAN ASSOCIATION
N o. 498 C ou rt street, B rooklyn, N. Y.
[Organized under Law of 1851.
Officers
President....................
Secretary.....................
Treasurer.....................
Attorney.....................

Commenced business 1889]

Names
J. BARTH. CRONIN..............................
CHAS. J. CULLEN..................................
FRANCIS SHEA.......................................
JOHN P. HURLEY.................................

Post-office addresses
5-73 Clinton Street.
39 Third Place.
&18 Court Street.
489 Clinton Street.

ASSETS
Loans on bond and m ortg a g e...........................
Loans on shares ...........................................
Shares o f Land Bank o f State o f New Y ork
C on tracts fo r the sale o f real e sta te ...........
Cash on hand and in b a n k ...............................
Furn itu re and fix tu res......................................
Advances fo r taxes, insurance, e t c ................

$95,0 5 0 00
1 ,4 45 25

1.000 00
5 ,2 2 9
2 ,6 2 6
695
2 ,7 0 7

59
34
68
95

$108,754 81
LIAB ILITIES
Due shareholders, dues ............................................................................
Undivided profits ................................................. .....................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................

$103,192 33
1,111 71
4 ,4 5 0 77
$ 1 08,754 81

RECEIPTS
Cash on hand January 1, 1915...............................................................
D ues credited to m em bers...................
M oney borrow ed ...............................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
L oan s on shares r e p a i d ............................................................................
F ines received ..............................................................................................
In terest r e c e iv e d ......... ................................................................................
Prem ium received .....................................................................................




$ 1 ,61 8 07
51 ,52 4 42
14 ,00 0 00
3 ,6 0 0 00
2 ,7 4 1 75
80 55
5 ,7 4 6 60
299 94

K ings County
R ent received ..............................................................................................
Advances repaid .........................................................................................
Check cashed ................................................................................................
D eposit, account o f appraisals, e t c ........................................................
Cash over ......................................................................................................

175
$345
2 ,1 4 3
495
110
44

95
69
00
00
95

$82,750 92
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P aid borrow ed m oney and p rior m ortga ges......................................
Paid 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 p osta ge.............................................
P a id r e n t ........................................................................................................
P aid repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .....................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ......................................................
S tate and M etropolitan League dues and expenses.........................
D ividends.........................................................................................................
Shares o f Land B a n k ................................................................................
.Expense o f changing n am e...................................
D raw ing and recording lie n ...................................................................
Street ligh t ..................................................................................................
Check cashed ................................................................................................
E rror in d i v id e n d .......................................................................................
Cash short .................................
D eposits returned .......................................................................................
D irectors’ fees ..............................................................................................
L ig h t and heat ...........................................................................................
J a n i t o r ............................................................................................................
Office supplies ..............................................................................................
Insurance on fixtures ..............................................................................
Office fixtures ..............................................................................................
P etty cash ....................................................................................................
Cash on hand December 31, 1915..........................................................

$4 ,60 0
2 ,4 4 0
4 2 ,73 0
20 ,20 0
224
1 ,2 92
159
286
40
116
29
8
12
1,377
28
3 ,9 62
1,000
20
5
48
495
90
55
110
34
70
53
127
10
465
30
2 ,6 2 6

00
00
80
00
45
00
88
00
75
71
25
54
00
23
25
43
00
00
00
00
00
00
97
00
50
22
00
79
44
56
81
34

$82,750 92
Plan, permanent. P ar value o f shares, $200 and $250. Instalm ents are
25 cents weekly.
Shares in force Janu ary 1, 1915, 5,352 9 /2 0 ; shares issued during the year,
2,2 39 ; shares w ithdraw n during the year, 93 8 ; shares in force, 6,653 9 /2 0.
B orrow in g members, 35, h oldin g 508 9 /2 0 shares; non-borrow ing members,
641, holding, 6,145 shares. Female shareholders, 384, holding 3,425% shares.
T ota l dividends credited members during the year on instalm ent shares,
$2,635.60; rate, 5 per cent. T ota l dividends credited or paid in cash to
members during the year on other shares, $1,326.83; rate, 4 % per cent.
N o u n paid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law, incurred and paid during the year, $2,152.89. Unpaid,
none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 5 % per
cent, and 6 per cent. Prem ium paid by borrow in g members, 10 cents per share
per week.
L oans have been made in K in gs county, New Y ork State. L argest m ort­
gage loan outstanding, $8,000.
M ortgages in force in N ew Y o rk State.
$95,050. N o foreclosures during the year.
~




1?6

R eport on S avings and L oan A ssociations
KINGS COUNTY SAVINGS AND LOAN ASSOCIATION
N o. 1161 F ulton street, B rooklyn, N. Y .
[Organized under Daw of 1910.
Officers
Names

Commenced business 1913]
Post-office addresses

President..................... A. LUDLOW PERKINS........................... 1161 Fulton Street.
Secretary..................... EDGAR D. NESBITT............................. 405
Quincy Street.
Treasurer................... WESLEY S. TW IDDY............................. 604 Hancock Street.
Attorney...................... JOHN B. MANLEY............................ 822 Marcy Avenue.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .......................................................................
Instalm ents due and u n p a id .................................................................

$ 4 ,70 0
240
183
459

00
00
60
00

$ 5 ,58 2 60
LIAB ILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited ....................................................
Balance to be pa id borrow ers on m ortgage lo a n s ...........................
Undivided profits .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................

$5,11-5 00
201 22
250 00
55
15 83
$5 ,58 2 60

RECEIPTS
Cash on hand Ja n u a ry 1, 1915...............................................................
Dues credited to m em bers........................................................................
Loans on shares re p a id ............................................................................
Fees r e c e iv e d ................................................................................................
Fines received ............................................................................................
In terest r e c e iv e d .........................................................................................
D o n a t io n .........................................................................................................

$156
1,847
23
5

82
00
00
00
80
228 79
6 50

$2 ,26 7 91
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
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 pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id advertising, p rin tin g and p o sta g e ...............................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent.................................................
Officers’ bonds ..............................................................................................
Cash on hand December 31, 1915..........................................................

$ 1 ,4 5 0 00
180 00
345 00
678
75
3
6
1
16
183

25
50
50
28
00
60

$2 ,26 7 91
P lan, permanent. P a r value o f shares, $200. Instalm ents are 50 cents and
$1 m onthly.
Shares in force Janu ary 1, 1915, 181; shares issued du rin g the year, 3 0 ;
shares w ithdraw n du rin g the year, 1 9 ; shares in force, 192. B orrow in g
mem bers, 6, holding 44 shares; non-borrow ing members, 31, h oldin g 148
shares. Fem ale shareholders, 12, h oldin g 42 shares. T ota l dividends credited
m em bers durin g the year on instalm ent shares, $116.52; rate, 5 per cent.
T o ta l dividends credited or p a id in cash to pem bey§ du rin g th e year on other
shares, $80.76; ra te, § per oent,




177

K ings County

No unpaid w ithdraw als. M em bership fee, $1. O perating expenses, as de­
fined in section 390 o f the Banking Law , incurred and paid during the year,
$19.50. Unpaid, none.
Prem ium plan, instalm ent. Interest paid by borrow in g members, 6 per
cent. N o prem ium charged.
Loans have been made in K in gs and Queens counties, New York Stale.
Largest m ortgage loan outstanding, $2,500.
M ortgages in force in New
Y ork State, $4,450. N o foreclosures during the year.

MADISON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 897 Gates avenue, B rooklyn, N. Y.
I Organized under Law o£ 1861.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
Post-office addresses
K. O. BRAGDON...........................
80 Pine Street, New York.
CHARLES P. WILCOX...........
18 Revere Place.
R. J. DOBBIN..............................
690
Park Place.
Z. D. RACE...................................
176
Broadway, NewYork.

ASSETS
Loans on bond and m ortga ge.................................................................
Loans on shares .........................................................................................
R eal e s t a t e ....................................................................................................
Gash on hand and in b a n k .......................................................................
Furn itu re and fixtures ............................................................................
Advances fo r taxes, insurance, e t c ........................................................

$111,200
1,845
4 ,6 0 0
3 ,5 8 2
25
106

00
00
00
19
00
00

$121,358 19
LIABILITIES
Due shareholders, du es..............................................................................
Due shareholders, dividends cred ited ....................................................
Undivided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ....................
Special deposits .........................................................................................

$108,159
9 ,4 2 3
1,710
1,707
358

00
11
58
33
17

$121,358 19
RECEIPTS
Cash on hand Janu ary 1, 1915...................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fines received ................................. ' ..........................................................
Interest received .......................................................................................
Prem ium r e c e iv e d ......................................................................................
D ividends retained on w ith draw als......................................................
Special deposits .........................................................................................

$1,217
3 6,433
5 ,0 00
18 ,00 0
5 ,3 05
94
7 ,1 39
159
31
350

18
00
00
00
00
31
32
80
70
00

$73,730 11
DISBURSEMENTS
Loaned on m o rtg a g e ...................................................................................
Loaned on sh a res.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
Paid m atured shares................................................................................
D ividends paid on w ihdraw al, or applied on lo a n s ......................
Cash dividends paid on incom e and accum ulative prepaid
shares ..................................................................................




$18,700
5 ,8 60
6 ,939
2 4,540
1,576

00
00
00
52
44

1 ,950 00

178

R eport on S avings and L oan A ssociations

P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p r io r m ortga ges..............
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 p osta g e...............................
P aid ren t .......................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent.................................................
Officers’ bonds ..............................................................................................
State and M etropolitan League dues and expenses.......................
Special d e p o s i t ..............................................................................................
S pecial s e a r c h ..............................................................................................
A u d itin g .........................................................................................................
Sundry expenses ..........................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 5 ,0 0 0
45
4 ,6 0 0
475
79
84
25
9
16
22
150
35
24
16
3 ,5 8 2

00
84
00
00
10
00
00
02
00
50
00
30
00
20
19

$73,7 3 0 11
Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in fo rce J anu ary 1, 1915, 1,768; shares issued du rin g the year, 4 5 5 ;
shares w ithdraw n du rin g th e year, 3 54; shares in force, 1,869. B orrow in g
m em bers, 47, h oldin g 614 shares; non-borrow ing mem bers, 207, holdin g 1,255
shares.
Fem ale shareholders, 77, h oldin g 460 shares.
T ota l dividends
credited members d u rin g the yea r on instalm ent shares, $3,870.27; rate, 5
per cent. T o ta l dividends credited o r pa id in cash to members du rin g the
yea r on oth er shares, $1,950; rate, 5 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g ithe year,
$24,540.52. O perating expenses, as defined in section 390 o f the B anking Law ,
in curred and pa id du rin g the year, $716.80. U npaid, none.
N o prem ium plan. In terest paid b y borrow in g meftibers, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Queens, R ocklan d and W estchester counties,
N ew Y ork S tate and in N ew Jersey. la r g e s t m ortgage loan outstanding,
$5,600. M ortgages in force in N ew Y ork State, $44,000. N o foreclosures
d u rin g the year.

THE MODEL BULDING AND LOAN ASSOCIATION OF BROOKLYN, N. Y.
N o. 129 R a lph avenue, B rook lyn , N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under la w o f 1851. Commenced business 1889]
Names
Post-office addresses
THOMAS P. LARKIN...................... 480-a
McDonough Street.
JOHN F. LYNCH.............................. 486-a
Decatur Street.
FREDERICK L. JENKINS.......... 133 Bainbridge Street.
THOMAS F. HAGGERTY............. 1028 Gates Avenue.

ASSETS
L oans on bond and m o rtg a g e.................................................................
Loans on shares............................................................................................
Stock s and b o n d s.........................................................................................
Shares o f Land Bank o f State o f N ew Y o r k ........................................
R ea l estate ..................................................................................................
Cash on hand and in b a n k ........................................
Interest, prem ium , fees and fines due and u n p a id ..........................

$47,750
1 ,0 00
2 ,7 0 0
1 ,0 0 0
4 ,7 5 7
3 ,4 4 0
127

00
00
00
00
59
79
92

$ 60,776 30
LIAB ILITIES
D ue shareholders, du es.................. ............................................................
D ue shareholders, dividends cred ited .................................................
P r io r m ortgages .........................................................................................




$44,989 70
4 ,6 2 6 51
5 ,5 0 0 00

K ings County
Undivided profits .................................................................................. ,
G uaranty fund (as per section 392 o f Banking L a w ) .............
Interest on p rio r m ortga ges...................................................................
Special deposit ...........................................................................................
Suspense accou nt .......................................................................................

179
$1,574 05
3 ,9 0 0 00
9070
72 05
23 29
$60,776 30

RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues 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 e s t a t e ....................................................................................................
Interest received .........................................................................................
Prem ium received .....................................................................................
Rent received ..............................................................................................
Dividends retained on w ith draw als......................................................
A ppraisals ....................................................................................................

$1 ,15 4
13,500
2 ,0 0 0
7 ,3 0 0
1,700
142
3,131
763
30
51
10

00
17
00
00
00
41
47
27
00
56
00

$29,782 88
DISBURSEMENTS
Loaned on m ortg a g e.....................................................
Loaned on sh ares.........................................................................................
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 ....................
Cash dividends paid, on incom e 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 p rior m ortga ges.............
P a id fo r real e s t a t e ..................................................................................
P aid salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta g e...............................................
P aid rent .......................................................................................................
P aid repairs to real esta te.....................................................................
Paid taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds . . . .......................................................................................
State League dues and expenses...................................
Shares o f Land Bank ..............................................................................
A ttorn ey’ s fees ............................................................................................
Appraisers’ fees .........................................................................................
R ecording .......................................................................................................
T raveling expenses ..................................................................................
Cash on hand December 31, 1915..........................................................

$3,900
2 ,1 50
5,581
4 ,1 09
612

00
00
57
87
72

663
2 ,0 0 0
360
4 ,5 0 0
655
36
120
39
483
25
5
16
28
1,0 00
40
10
2
3
3,4 40

99
00
96
00
08
10
00
20
35
00
00
00
00
00
00
00
25
00
79

$29,782 88

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce Janu ary 1, 1915, 1 ,7 4 0 % ; shares issued du rin g the year,
225; shares w ithdraw n du rin g the year, 2 4 1 ; shares in force, 1,724% . B or­
row ing members, 21, h oldin g 418% shares; ,non-borrow ing members, 111,
holding 1,306 shares. Fem ale shareholders, 48, h oldin g 327 shares. T ota l
dividends credited members du rin g the year on instalm ent shares, $1,670.21;
rate, 6 per cent. T ota l dividends credited or pa id in cash to members during
the yea r o n oth er shares, $663.99; rate, 5 per cent, and 6 per cent.




180

R eport of Savings and L oan A ssociations

N o unpaid w ithdraw als. A m oun t o f sh a re s . m atured du rin g the .year,
$4,109.87. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred and pa id du rin g th e year, $858.18. U npaid, none.
Prem ium plan, prem ium -interest. Interest paid by borrow ing members, 5%
per cent. Prem ium pa id by borrow in g members, 3 cents per share per week.
L oan s have been made in K in g s and Queens counties, N ew Y ork State.
Largest m ortgage loa n outstanding, $5,000. M ortgages in force in New Y ork
State, $47,750. N o foreclosures during the year.

NASSAU CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 2738 A tla n tic avenue, B rooklyn, N . Y .
[Organized under Law of 1851. Commenced business 18891
Officers
Names
Post-office addresses
President..................... GEORGE A. P. NORTH....................... 75
Bjarbey Street.
Secretary..................... M. V. DORN'BY...................................... 29
Jerome Street.
PETER J. EVERS.................................
154
Llnwood Street.
Treasurer...................
Attorneys................... KIENDL & GROSS................................. 215 Montague Street.
ASSETS
L oan s on bond and m ortg a g e.................................................................
C ontracts fo r the sale o f real esta te....................................................
R eal estate ...................................................................................................
Cash on hand and in b a n k ......................................................................
F u rn itu re and fix tu res...............................................................................
In terest due and u n p a id ..........................................................................
A dvances for taxes, insurance, e t c ............................................................
S pecial deposits ...................................
Pass b o o k s .............................

$495,855
2 ,7 5 0
19 ,74 4
9 ,2 6 0
225
3 ,775
1, 117
45
60

07
00
70
86
00
17
73
00
00

$532,833 53
L IA B IL IT IE S

D ue shareholders, dues and d ividen ds..................................................
B orrow ed m oney
.....................................................................................
Undivided profits
.....................................................................................
G uaranty fund (as per section 392 o f Banking l a w ) ..................
Suspense a c c o u n t ..........................................................................................

$493,886
1 2 ,00 0
5 ,2 6 4
2 1 ,6 7 6
6

28
00
82
13
30

$532,833 53
R E C E IP T S

Cash on hand Janu ary 1, 1915...............................................................
D ues credited to m em bers........................................................................
M oney borrow ed ..........................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Fees received .............................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
R en t r e c e iv e d ................................................................................................
Advances repaid .........................................................................................
S pecial deposits ..........................................................................................
Sundries .........................................................................................................

$ 1 9 ,7 7 0
106,467
15,000
28 ,37 7
123
2 7 ,7 7 7
4 ,6 3 3
757
665
119
29

96
71
00
24
00
87
28
81
75
00
86

$203,722 48
D ISB U R SEM E N TS

Loaned on m o r t g a g e ...................................................................................
Dues and dividends repaid on w ithdraw al, or applied on loans
P a id borrow ed m oney and p rior m ortga ges------1 ............................




$26,9 0 0 00
155. (Mil 39
3 ,0 0 0 00

K ings County
P aid interest on borrow ed money and p rior m ortga ges................
P a id fo r real esta te ....................................................................................
P a id salaries and clerk -h ire.....................................................................
P aid advertising, prin tin g and p osta ge...............................................
P aid rent ......................................................................................................
P aid taxes, insurance, e t c .........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ......................................................
State and M etropolitan League d u es.................................................
Special deposit^ .........................................................................................
Pass books ....................................................................................................
F u rn itu re ................ •
.....................................................................................
L ighting .........................................................................................................
B u rglary alarm .........................................................................................
Sundries ..................................................................
Cash on hand December 31, 1915............................................................

181
$593 25
3 ,3 2 4 35
2 ,7 3 3 84
174 92
360 00
50 00
47 77
39 45
33 60
837 82
2150
64 00
77 25
37 25
56 69
30 00
118 54
9 ,2 6 0 86
$203,722 48

Plan, permanent. P a r value o f shares $100 and $250. Instalm ents are 15
cents and 25 cents weekly.
Shares in force Janu ary 1, 1915, 15,32 0 % ; shares issued during the year,
1,934; shares w ithdraw n during the year, 1,781; shares in force, 15,473% .
B orrow in g members, 88, holding 1,215% shares; non-borrow ing members,
1,440, h oldin g 14,258 shares.
N o record o f fem ale shareholders.
Total
dividends credited members during the year on instalm ent shares, $24,333.91;
rate, 5 per cent, and 5 % per cent.
N o unpaid w ithdraw als.
A m oun t o f shares matured during the year,
$18,850. M em bership fee, $1. O perating expenses, as defined in section 390
o f the Banking Law, incurred and paid durin g the year, $3,492.90. Unpaid,
none.
Prem ium plan, instalment.
Interest paid by borrow ing members 5%
per cent. Prem ium s paid by borrow ing members 4 cents per share per week.
Loans have been made in K ings, N assau and Queens counties, N ew Y ork
State. Largest m ortgage loan outstanding, $12,000. M ortgages in force in
New Y o rk State, $495,855.07. One foreclosure during the year.

PEOPLE’S CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF
BROOKLYN
N o. 14 Graham avenue, B rooklyn, N. Y.
[Organized under Law of 1894. Commenced business 1895]
Officers
Names
Post-office addresses
President..................... HENRY W E IL............................
309 Broadway, New York.
Secretary..................... MORRIS HIRSCH................... .. 334 Berry Street.
Treasurer...................
JOEL B. GOODMAN..........
. 45 E. 20th Street.
Attorneys................... WEIL & PURYIN........................ 309 Broadway, New York.
ASSETS
Loans on bond and m ortg a g e..................................................................
Loans on sh a re s...........................................................................................
Stocks and bonds ............................... : .....................................................
Cash on hand and in b a n k .......................................................................
Interest u n p a i d ...........................................................................................




$77,600
8,8 85
2 5 ,28 0
6 ,9 9 8
385

00
00
00
69
78

$119,149 47

182

R epost on Savings and L oan A ssociations

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
G uaran ty fu n d (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatabie prem iu m ............................................................

$ 93,037
2 1 ,04 2
1 ,8 14
255

00
73
59
15

$119,149 47
RECEIPTS
Cash on hand J anu ary 1, 1915.............................................................
D ues credited t o mem bers .....................................................................
M oney b o r r o w e d ......................................................................................... '
Loans on shares r e p a id .. ..........................................................................
Pees received ................................................................................................
Fines received ..............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ithdraw als ......................................................
B onds sold .....................................................................................................

$ 6 ,8 7 4
16,893
7, 500
650
64
12
6 ,1 6 3
76
280
5 ,0 0 0

91
00
00
00
15
03
70
40
29
00

$ 43,514 48
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .........................................................................................
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 borow ed m oney and p rio r 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, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion ...............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
A pp raisals .....................................................................................................
C o m m is s io n s ..................................................................................................
N otary ...........................................................................................................
In tern al revenue s t a m p s ..........................................................................
Cash on hand December 31, 1915..........................................................

$ 12,200
5 ,785
8 ,4 6 3
1 ,8 5 4
7 ,5 0 0
63
277
42
85
42
8
72
40
79
2
1
6 ,9 9 8

00
00
00
09
00
08
00
00
00
00
57
00
90
25
50
40
69

$ 4 3 ,5 1 4 48
Plan, serial. P a r valu e o f shares, $200 and $250. Instalm ents are 50
cents sem i-m onthly.
Shares in force J anu ary 1, 1915, 1,313; shares issued du rin g th e year,
2 3 2 ; shares w ithdraw n du rin g the year, 116; shares in force, 1,429. B orrow ­
in g members, 43, h oldin g 463 shares; n on-borrow ing members, 176, holdin g
966 shares. Fem ale shareholders, 92. h oldin g 510 shares. T ota l dividends
credited members during the year on instalm ent shares, $5,579.65; rate 5 2 /5
per cent.
N o unpaid w ithdraw als.
Entrance fee. 25 cents per share.
O peratin"
expenses, as defined in section 390 o f the Banking Law, incurred and paid
du rin g the year, $600.05. U npaid, none.
Prem ium plan, instalm ent. In terest pa id b y b orrow in g members, 6 per
cent.
Prem ium paid b y borrow in g mem bers, 10 cents per $1,000 sem i­
m onthly.
Loans have been made in K in g s and N assau counties, New Y ork State and in
N ew Jersey. L argest m ortgage loan outstanding, $8,800. M ortgages in force
in New Y ork State, $68,800. N o foreclosures du rin g the year.




183

K ings County
POLISH-AMERICAN CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
N o. 660 Third avenue, B rooklyn, N. Y.
[Organized under Law o£ 1894.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

Commenced business 1900]

Names
JOHN GUTOWSKI.................
FRANK A. JUREK.................
JOHN SKOWRONSKI.............
CLEMENT F. ROZANSKI___

Post-office addresses
5105 6th Avenue.
230 57th Street.
137 Nineteenth Street.
17 State Street, N. ¥. City.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Shares o f Land Bank o f State o f New Y o r k ....................................
Real e s t a t e ....................................................................................
Cash on hand and in bank .....................................................................
Furniture and fixtures ............................................................................
Interest, prem ium , fees and fines due and u n p a id ...........................
Advances fo r taxes, insurance, e t c ........................................................
Pass books ....................................................................................................
D eposit for e le ctricity ................................................................................

$121,700
1 ,741
1,000
9 ,8 4 8
10, 228
100
570
365
35
5

00
00
00
10
26
00
26
18
10
00

$145,592 90
LIABILITIES
Due shareholders, d u es..........................................
Due shareholders, m atured shares......................................................
Due shareholders, dividends cred ited .................................................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................
Special deposit, ren t ................................................................................

$130,461
409
9 ,6 1 3
3 ,4 3 3
1 ,625
50

43
76
31
25
15
00

$145,592 90
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited to m em bers..........................................................................
Mortgages 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 .........................................................................................
Rent r e c e iv e d ................................................................................................
Dividends retained on w ith draw a ls......................................................
Advances repaid .........................................................................................
Appraisals ....................................................................................................
Pass books ....................................................................................................

$4,807 78
5 7,759 62
900 00
2 ,1 87 00
22 60
38 89
6 ,4 00 86
972 00
116 97
1,463 34
67 50
2 50
$74,739 06

DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on loa n s..............................
Paid m atured shares ................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s ......................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
Paid salaries and clerk -h ire.....................................................................
Paid advertising, p rin tin g and p osta g e...............................................
Paid r e n t .........................................................................................................




$25,8 5 0
857
30,071
1,028
1,700

00
00
33
60
30

1,254
1,039
56
189

80
50
00
00

184

R eport oh S avings and L oan A ssooiatiohs

Paid repairs to real e sta te .................
P aid taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessment .............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
S tate League dues .....................................................................................
Shares o f Land Bank . . . ..........................................................................
A ppraisals ........................................................ '...........................................
Legal expenses ............................................................................................
In terest on special d e p o s i t ......................................................................
F u rn itu re .......................................................................................................
L ig h t and heat ............................................................................................
Sundries .........................................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$141
200
22
9
27
917
5
1 ,0 00
86
2
2
4
40
6
10,228

40
76
76
35
00
11
25
00
00
15
00
10
20
20
26

$ 74,739 06
P lan , permanent. P a r value o f shares, $200. Instalm ents are 1 2 % cents
and 25 cents weekly.
Shares in force J a n u a ry 1, 1915, 1 ,9 1 8 % ; shares issued du rin g th e year,
3 6 5 ; shares w ith draw n during the year, 2 2 5 ; shares in force, 2,0 58 % .
B orrow in g mem bers, 55, h oldin g 728 shares; non-borrow ing members, 323,
h oldin g 1,330% shares. Fem ale shareholders, 77, h oldin g 283 shares. T ota l
dividends credited m em bers du rin g th e year on instalm ent shares, $3,011.76;
rate, 5 per cent, and 5 % per cent. T ota l dividends credited or paid in eash
to mem bers du rin g the yea r on other shares, $1,915.39; rate, 4 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g th e year,
$409.76. E ntrance fee, 15 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid du rin g the year,
$1,363.15. U npaid, none.
N o prem ium plan. In terest p a id b y b orrow in g members, 5 per cent., 5 %
per cent, and 6 per cent. N o prem ium charged.
L oan s have been m ade in K in gs and Queens counties, N ew Y ork State.
L argest m ortgage loan outstanding, $6,000. M ortgages in force in N ew Y o rk
State, $121,700. N o foreclosures du rin g the year.

PROSPECT HOME BUILDING AND LOAN ASSOCIATION
N o. 336 N in th street, between F ifth and S ixth avenues, B rooklyn, N . Y .
[Organized under Law o f 1861.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney......................

Commenced business 1890]

Names
MELVIN W. MOREHOUSE..............
GEOROE W. BALLW AY....................
WILLIAM M. TOMLINS....................
TITLE GUAR & TRUST CO.............

Post-office addresses
706 Cortelyou Road.
1513 Eighth Avenue.
624 Seventh Street.
175 Remsen Street.

ASSETS
Loans on bond and m o rtg a g e.................................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k ........................................................................
F u rn itu re and f ix t u r e s ..............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

$ 1 1 0,2 5 0
4 ,5 1 9
894
100
1 ,2 07

00
00
79
00
04

$1 1 6,9 7 0 83
LIAB ILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited .................................................
P r io r m ortgages ..........................................................................................




$ 85,245 63
16,352 62
9 ,0 5 0 00

K ings County
Undivided profits .........................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ................
Suspense accou nt .......................................................................................
Interest and prem ium a d v a n c e d ..........................................................
Interest accrued .........................................................................................
Special deposits .........................................................................................
Salaries d u e ......................................................................................

185
$3,612
2 ,8 2 2
12
5
82
39
48

08
71
78
01
50
44
09

$ 1 16,970 83
•RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues credited t o members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r tran sferred to real
e s t a t e ..........................................................................................................
Loans on shares r e p a i d ............................................................................
Fines received .........................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Dividends retained on w ith draw a ls...................................................
Bonds sold ....................................................................................................
Special deposits .........................................................................................

$1 ,54 9 99
19,102 14
6 ,6 1 0 00
9, 950
1,3 08
18
5 ,6 95
1 ,3 52
579
13,176
523

00
00
60
77
41
37
25
40

$59,865 93
DISBURSEMENTS
Loaned on m o r t g a g e ..................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
Paid m atured 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 .........................................................................................................
Paid borrow ed m oney and prior m ortga ges....................................
Paid interest on borrow ed money and prior m ortga ges................
Paid salaries and clerk -h ire.....................................................................
Paid advertising, prin tin g and p osta ge.............................................
Paid rent .......................................................................................................
Paid banking departm ent, exam ination .............................................
Paid banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Special deposits .........................................................................................
Cash on hand Decem ber 31, 1915........................................................

$21,100
3 ,9 20
13,246
8 ,6 0 5
3,1 08

00
00
00
02
70

555
6 ,6 1 0
378
627
89
150
17
8
28
525
894

75
00
80
00
89
00
33
85
00
80
79

$59,865 93
P lan , perm anent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Janu ary 1, 1915, 3,719; shares issued du rin g the year, 771;
shares w ithdraw n during the year, 6 1 6 % ; shares in force, 3 ,8 7 3 % ; borrow ­
in g members, 33, h oldin g 921% shares; non-borrow ing members, (214;
holding 2,952 shares. Female shareholders, 93, holding 1,069 shares. Total
dividends credited members during the year on instalm ent shares, $4,987.22;
rate, 6 per cent.
T ota l dividends credited or paid in cash to members
during the year on other shares, $740.36; rate 4% per cent., 4 % per cent,
and 6 per cent.
N o unpaid w ithdraw als.
Am ount of shares matured durin g the year
$8,605.02. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and pa id during the year, $846.80. O perating expenses, as defined
in section 390 o f the B anking Law , incurred during the year and rem aining
unpaid, $48.09'.




186

Report on S avings and L oan A ssociations

Prem ium plan, instalm ent. In terest pa id b y borrow in g members, 5 per
cent. Prem ium pa id b y b orrow in g members, 14 cents per share per month.
Loans have been made in K in gs and R ichm ond counties, New Y ork S tate and
in New Jersey. L argest m ortgage loa n outstanding, $8,500. M ortgages in
force in N ew Y ork State, $99,O 10. One foreclosure during the year.
C

SOUTH BROOKLYN SAVINGS AND LOAN ASSOCIATION
N o. 565 F ifth avenue, B rooklyn, N . Y.
[Organized under Law of 1851.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1880]
Post-office addresses

DAVID B. HUTTON............................
JAMES H. STRAIN.............................
EDWARD B I R K L E ............................
WILLIAM J. BOLGER.........................

227Brooklyn Avenue.
565Fifth Avenue.
1521 Beverly Road.
140 Broadway, N. Y.

ASSETS
Loans on bond and m ortg a g e..........................................
$ 1 ,1 1 3 ,4 3 0
Shares o f Land Bank o f State o f New Y o r k ......................................
5 ,0 0 0
C ontracts fo r the sale o f real esta te......................................................
31,243
Real e s t a t e .....................................................................................................
2 2 ,55 0
Cash on hand and in b a n k .......................................................................
6 1,547
Special deposit ............................................................................................
5 ,0 0 0

00
00
.40
97
55

00

$ 1 ,2 3 8 ,7 7 1 92
LIABILITIES
Due shareholders, d u e s ............................................................................ $ 1 ,1 1 1 ,5 9 9
P rio r m ortgages .........................................................................................
1 ,000
Undivided profits .......................................................................................
5 2 ,9 4 8
G uaran ty fun d (a s per section 392 o f B anking L a w ) ....................
72,597
Suspense account .......................................................................................
626

11
00
18
95
68

$ 1 ,2 3 8 ,7 7 1 92
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited t o m e m b e r s ........................................................................
P r io r m ortgages ................................................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s t a t e ..
R eal estate s o l d ............................................................................................
Interest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
R ent r e c e iv e d ................................................................................................
B ills receivable ............................................................................................
P rofit on sale o f real esta te .....................................................................
R eal estate con tract ................................................................................
A ppraiser’s fees .........................................................................................
M etropolitan League ................................................................................

$64,9 5 0
302,4 0 6
8 ,2 5 0
7 8 ,4 0 0
2 5 ,18 4
6 7 ,11 5
1 ,5 20
1 ,6 64
16 ,00 0
1,643
400
230
75

36
61
00
00
14
46
58
65
00
79
00
00
00

$567,840 59
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .............................
P aid borrow ed m oney and p rior m o r t g a g e s .................... .*.............
Paid 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.....................................................................

Paid Advertising, printing and p osta g e...................................




$112,950
336,405
11,750
560
3 ,3 0 0
7 ,8 4 2

00
07
00
20
00
00

778 60

187

K ings County
P aid repairs to real esta te.....................................................................
Paid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent.................................................
Officers’ bonds ...........................................................................................
Shares o f Land B a n k ................................................................................
R eal estate con tracts ..............................................................................
B ills receivable ...........................................................................................
Suspense accou nt .....................................
Tellers a t e l e c t io n .......................................
J a n itor ...........................................................
.............................................................
Light, heat and telephone
Cash on hand December 31, 1915.........................................................

$ 1 ,0 3 0
1 ,176
65
87
80
5 ,0 0 0
2 0 ,5 0 0
4 ,0 0 0
12
15
360
380
6 1,547

30
75
00
17
00
00
00
00
84
00
00
11
55

$567,840 59
Plan, permanent. P a r value o f shares, $100 and $250. Instalm ents are 50
cents m onthly.
Shares in force January 1, 1915. 28,066 3 /1 0 : shares issued during; the vear,
2,943; shares w ithdraw n durin g the year, 2,5 27 ; shares in force, 28,482 3 /1 0 .
B orrow in g members, 461, holding 11,096 3 /1 0 shares; non-borrow ing mem­
bers, 2,173, h oldin g 17,386 shares.
Fem ale shareholders. 1,072, holding
9,730 3 /1 0 shares. T ota l dividends credided members during the year on
instalm ent shares, $43,997.52; ra te 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, a s defined in section 390 o f the
Banking Law , incurred and paid du rin g the year $9,455.71. U npaid, none.
N o prem ium plan. Interest pa id b y b orrow in g members, 5 % per cent, and
6 per cent. N o prem ium charged.
Loans have been m ade in K in gs, Queens and Suffolk counties, N ew Y o rk
State, and in New Jersey.
L argest m ortgage loan outstanding, $10,000.
M ortgages in force in N ew Y ork State, $1,108,830. N o foreclosures during
the year.

TWENTY-NINTH WARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
N o. 142 E. F ou rth street, B rooklyn, N . Y .
[Organized
Officers
President.....................
Secretary.......................
Treasurer...................
Attorney....................

under Law of 1894. Commenced business 1895]
Names
Post-office addresses
HENRY DONNELLY..........................
537 Fifty-ninth Street.
R0LLA
O. SMITH............ 295 Sherman Street.
HENRY BOKSELAGER.................. 1 East 7th Street.
HENRY 13. HEISTAD......................... 190 Montague Street.

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

$19,0 0 0
1,721
90
2

00
57
00
00

$20,813 57
LIABILITIES
Due shareholders, dues ............................................................................
Borrowed m oney .........................................................................................
Undivided profits
............................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................
Interest accrued ......................................................................,.................
Com m issions .....................................................




$17,709
1,400
1,351
322
24
5

43
00
15
99
50
50

$20,813 57

188

B eport on Savings and L oan A ssociations
r e c e ip t s

Gash on hand J anu ary 1,1 9 1 5 .............................................................
Hues credited to members ..................................................... . . •...........
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s ta te ..
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
R en t received ..............................................................................................

$ 2 ,7 9 0
8 ,4 4 2
1 ,4 0 0
2 ,2 5 0
33
1
952
217
68

00
07
00
00
00
47
37
34
00

$16,1 5 4 25
DISBURSEMENTS
Loaned on m ortgage .................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .............................
D ividends pa id on w ithdraw al, o r 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 a id advertising, p rin tin g and p osta ge...............................................
P a id ren t .......................................................................................................
P a id repairs t o real esta te .....................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm en t................................................
N ota ry’ s fees ................................................................................................
C o m m is s io n s .................................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 4 ,7 5 0
8 ,6 4 5
697
30
62
11
180
ll?
16
2
4
18
1,721

00
24
13
00
00
25
00
94
25
37
00
50
57

$ 1 6 ,1 5 4 25
P lan , permanent. P a r valu e o f shares, $250. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1915, 4 6 5 ; shares issued du rin g th e year, 115;
shares w ithdraw n du rin g th e year, 6 5 ; shares in force, 515. B orrow in g
m em bers, 9, h oldin g 76 shares; non-borrow ing members, 111, h oldin g 439
shares. Fem ale shareholders, 35, h oldin g 132 shares. T ota l dividends credited
mem bers du rin g th e yea r on instalm ent shares, $697.13; rate, 5 per cent.
N o unpaid w ithdraw als.
M em bership fee, $1.
O perating expenses, as
defined in section 390 o f the Banking Law , incurred and paid, du rin g th e
year, $271.75.
U npaid, none.
Prem ium plan, prem ium -interest. In terest paid b y borrow in g m em bers,
5 % per cent. Prem ium pa id b y borrow in g mem bers, 6 cents per share per
week.
Loans have been m ade in K in gs eounty, N ew Y o rk State. L argest m ort­
gage loan outstanding, $3,000. M ortgages in force in N ew Y o rk State, $19,000.
N o foreclosures d u rin g th e year.

UNION CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 1424 F u lton street, B rooklyn, N . Y .
[Organized under Law o f 1851.

Commenced business 1890.

Re-incorporated under

Law o f 1894]

Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Names
DANIEL S. BRUSH......................
HENRY POWLES. ,T ................
r
GEORGE DOWNING.....................
GILBERT P. BRUSH..................

388
1077
1049
120

Post-office addresses
Lexington Avenue.
East 40th Street.
East 17th Street.
Broadway, New York.

ASSETS
Loans on bond and m ortg a g e.................................................................
L oans on shares ..........................................................................................
R ea l e s t a t e .....................................................................................................
Cash o n hand and in b a n k ........................................................................




$ 4 2 ,9 0 0
3 ,7 2 0
3 ,3 1 1
1 ,0 0 9

00
00
47
74

189

K ings County
F u rn itu re and fixtures ...........................................................................
Interest, prem ium , lees and fines due and u n p a id .........................

$125 00
966 91

LIABILITIES
=
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends credited .............................................
B orrow ed m oney
.....................................................................................
Undivided profits .....................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................

$ 52,033 12
— ..'= = =
$ 38,674 12
7 ,0 1 4 18
4 ,0 0 0 00
44 82
2 ,3 0 0 00

$52,0 3 3
RECEIPTS
----------........=
Gash on hand January 1, 1915..................................................................
$3 ,08 0
Dues credited to mem bers .....................................................................
9 ,9 1 0
M oney borrow ed .........................................................................................
1,000
Loans on shares r e p a i d ............................................................................
500
Interest received .......................................................................................
3 ,3 68
Prem ium r e c e iv e d .......................................................................................
118
R ent received .................................
145
53
D ividends retained on w ithdraw als ...................................................
Advances repaid .........................................................................................
196
G uaranty fun d ...............
200
Pass books ..................................................................................................
11

12
73
14
00
00
73
07
00
51
75
00
00

$18,583 93
D ISB U R SE M E N T S

Loaned on m o r t g a g e ..................................................................................
Loaned on s h a r e s .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P aid m atured shares..................................................................................
D ividends pa id 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 aid interest on borrow ed m oney and prior m ortga ges................
P a id salaries and clerk-hire .....................................
P a id advertising, p rin tin g and p osta g e...............................................
P a id rent ......................................................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exam in ation .............................................
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 ........................................................
In terest and prem ium accrued ................................................ ...........
G uaranty fun d ...................................... ' ....................................................
Cash on hand December 31, 1915........... ..............................................

................ 1
...:=

:

$3 ,40 0
825
2 ,1 8 1
6 ,2 0 4
126
2 ,0 0 0
282
556
38
180
221
16
4
20
51
1,265
200
1,009

00
00
50
96
24
00
07
50
90
00
36
25
53
00
75
13
00
74

$18,583 93
Plan, serial. P a r value o f shares, $200. Instalm ents are 2 5 cents weekly.
Shares in force January 1, 1915, 5 1 4 % ; shares issued during the year, 82;
shares w ithdraw n during the year, 7 2 ; shares in force, 5 2 4 % . B orrow ing
members, 21, h olding 2 5 2 % shares; non-borrow ing members, 35, holding 272
shares. N o record o f female shareholders. T otal dividends credited members
during the year on instalm ent shares, $1,687.59; rate, 4 per cent.
N o unpaid w ithdraw als. Operating expenses, as defined in section 390 o f
the Banking Law, incurred and paid during the year, $795.40. U npaid, none.
Prem ium plan, instalm ent. Interest paid by borrow ing members, 5 % per
cent. Prem ium paid by borrow ing members, 1 cent per share per week.
Loans have been m ade in K ings, Queens and Suffolk counties, New Y ork
State. L argest m ortgage loan outstanding, $11,000. M ortgages in force in
New Y ork State, $42,900. N o foreclosures during the year.




190

R eport on Savings and L oan A ssociations

MADISON COUNTY
CANASTOTA SAVINGS AND LOAN ASSOCIATION
N o. 1 T abor B lock, South Peterboro street, Canastota, N . Y .
[Organized under Law of 1851.
Officers
P resid en t..,...............
Secretary....................
Treasurer...................
Attorney.....................

Commenced business 1889]

Names
Post-office addresses
P. P. MILMOE................................................ Canastota, N. Y.
E. B. ROBERTS.............................................. Canastota, N. Y.
HOWARD D. BEMISS................................
Canastota, N. Y.
D. P. WALLACE.................................... ......
Canastota, N. Y.

ASSETS
L oan s on bond and m o r t g a g e .........................
L oans on s h a r e s .....................................................
Cash on hand and in b a n k .................................
F u rn itu re and fix t u r e s ........................................

$ 9 6 ,6 0 0
6 ,3 9 8
4 ,6 2 4
215

00
50
30
00

$106,837 80
LIAB ILITIES
D ue shareholders, d u e s ..............................................................................
D ue shareholders, dividends cred ited ....................................................
U ndivided profits .......................................................................................
G u aran ty fund (a s per section 392 o f Banking L a w ) ................
Unearned o r. rebatable prem iu m ..........................................................

$ 9 2 ,1 7 0
10,957
1,227
1,809
673

27
11
77
55
10

$106,837 80
RECEIPTS
Cash on hand Janu ary 1, 1915.......................................................
D ues credited t o mem bers .....................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
L oan s on shares re p a id ..........................................................................
Fees received ................................................................................................
F ines received ............................................................................................
In terest r e c e iv e d .........................................................................................
Prem iu m received .....................................................................................
D ividends retained on w ith draw a ls...................................................

$5 ,85 5 03
31,155 16
15,900 00
3 ,4 9 0 50
150 50
133 75
5 ,2 0 6 19
314 25
142 51
$62,3 4 7 89

DISBURSEMENTS
Loaned on m ortgage ............................. » ..........................
Loaned on shares.................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ..
P a id m atured shares ........................................................
D ividends pa id on w ithdraw al, o r applied on loans
P a id salaries and clerk -h ire.............................................
P a id advertising, p rin tin g and p osta g e ......................
P a id banking departm ent, exa m in a tion ....................
P a id banking departm ent, assessm ent.........................
Officers’ bonds .........................................................................
R ecord in g ta x ........................................................................
Unearned prem ium ..............................................................
Insurance on furn itu re and fix tu res.............................
Office supplies ............................................... .......................
C ash shortage .........................................................................
Cash o n hand Decem ber 31, 1916......................................




$ 2 5 ,4 0 0
5 ,9 9 9
9 ,0 9 2
15,839
726
452

00
50
92
67
63
00

12 00
23 00
7 81

2 00
127 50
26 71

2 00
4 85

1 00
4 ,6 2 4 30
$ 6 2 ,3 4 7 89

191

M adison County

F lan, perm anent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1915, 2,450; shares issued du rin g th e year, 602;
shares w ithdraw n du rin g the year, 5 6 6 ; shares in force, 2,486. B orrow in g
mem bers, 129, holding 1,193 shares; n on-borrow ing members, 205, h oldin g
1,293 shares. Fem ale shareholders, 152, holding 937 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $4,568.03; rate, 5 %
per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year, $15,839.67. Entrance fee, 25 cents per share. O perating expenses, as defined in
section 390 o f the B anking Law , incurred and pa id during the year, $479.85.
U npaid, none.
Prem ium plan, gross. Interest paid by borrow in g members, 5.72 per cent.
Prem ium paid b y borrow in g members, 1 per cent.
L oan s have been made in M adison county, New Y ork State. L argest m ort­
gage loan outstanding, $6,000. M ortgages in force in New Y ork State, $95,600. N o foreclosures durin g the year.

ONEIDA SAVING, BUILDING AND LOAN ASSOCIATION
N o. 53 M ain street, Oneida, N. Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o£ 1851.
Names
J. A. FERGUSON
F. H. MUNZ..........
F. E. WEBSTER.
JOSEPH B E A L ..

Commenced business 1887]
Post-office addresses
....................................... Oneida, N. Y.
.........................................
Oneida, N. Y.
......................................... Oneida, N. Y.
......................................... Oneida, N. Y.

ASSETS
Loans on bond and m ortgage ...............................................................
Loans on shares .......................................................................................
Cash on hand and in ba n k .....................................................................
Furn itu re and fixtures .........................................................................

$108,520
1,305
447
224

00
00
64
45

$110,497 09

LIABILITIES
Due shareholders, dues ..........................................................................
Due shareholders, dividends cred ited ....................................................
Borrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ....................

$79,145
10,223
1 8,750
38
2 ,3 4 0

05
64
00
40
00

$110,497 09

RECEIPTS
Oash on hand J anu ary 1, 1915............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
lo a n s on shares re p a id ............................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
D ividends retained on w ith draw a ls...................................................

$1,324 28
39,873 41
10,200 00
15,960 00
3 ,0 75 00
16 76
6 ,4 28 48
409 34
$77,287 27 •

DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares ....................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .........................




$15,100 00
1,200 00
28,863 31

192

R eport on Savings and L oan A ssociations

P a id m atured shares ............................................... ..............................
D ividends pa id on w ithdraw al, or app lied 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 p rio r m ortga ges...........
P a id salaries and elerk-hire.................................................................
P a id advertising, prin tin g and p osta g e.............................................
P a id ren t ....................................................................................................
P a id banking departm ent, exam ination ........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
S ta te League dues ...................................................................................
L i g h t i n g ..........................................................................................................
Insurance on fu rn itu re and fixtu res.................................................
Cash o n hand December 31, 1915........................................................

$16,1 9 5
1 ,688
11,950
974
700
26
72
30
9
10
5
10
5
447

34
08
00
08
00
80
00
00
08
00
25
20
49
64

$77,287 27
P lan , perm anent. P a r value o f shares, $100. Instalm ents are 25 cents
w eekly.
Shares in fo rce Janu ary 1, 1915, 3,881; shares issued du rin g the year, 658;
shares w ithdraw n du rin g the year, 9 5 0 ; shares in force, 3,589. B orrow in g
mem bers, 87, h oldin g 1,097 shares; n on-borrow ing members, 310, holding
2,492 shares. Fem ale shareholders, 127, h oldin g 929 shares. T ota l d iv i­
dends credited members during the year on instalm ent shares, $4,893.95;
rate, 6 per cent.
N o unpaid w ithdraw als. A m ou n t o f shares m atured d u rin g the year, $16,195.34. O perating expenses, as defined in section 390 o f the B anking Law ,
in curred and paid during the year, $829.74. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid by b orrow in g members,
5.72 per cent. N o prem ium charged.
Loans have been made in M adison and Oneida counties, N ew Y ork State.
L argest m ortgage loan outstanding, $8,090.
M ortgages in force in New
Y ork State, $108,520. N o foreclosures du rin g the year.

MONROE COUNTY
COLUMBIA BANKING, SAVING AND LOAN ASSOCIATION
N o. 337 G regory street, Rochester, N . Y .
[Organized under Law of 1851.
Officers
Names
President.....................
Financial Secretary..
Treasurer...................
Attorneys...................

Commenced business 1884]
Post-office addresses

EDWARD W ALLIS.................
H. P. REIBLING.....................
LAWRENCE OBERLTES----MORRIS & MORRIS.................

80 Alexander Street.
302-308 Granite Building.
704 Clinton Avenue, South.
301-302 Ellwanger & Barry
Building.

ASSETS
Loans on bond and m ortg a g e............................................................... $ 1 ,1 7 4 ,0 4 6 26
R eal estate .................................................................................................
1 8,060 16
Cash on hand and in b a n k .....................................................................
5 4 ,86 5 82
$ 1 ,2 4 6 ,9 7 2 24
LIABILITIES
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
B alance to be paid borrow ers on m ortgage lo a n s .........................
U ndivided profits .....................................................................................




$970,337
117,636
600
4 0 ,62 8

95
32
00
83

M onroe County
G uaran ty fu n d (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ..........................................................
S tra igh t m ortgages ..................................................................................

193
$55,0 0 0 00
5 8 ,47 2 88
4 ,2 9 6 26
$ 1 ,2 4 6 ,9 7 2 24

RECEIPTS
Cash on hand January 1, 1915.............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
R eal estate sold .........................................................................................
Fees received ..............................................................................................
F ines received .........................................................
Interest received .......................................................................................
Prem ium received ..................................................................................
R ent received .............................................................................................
S tra igh t m ortgages ..................................................................................
Closed accounts .........................................................................................

$67,0 7 8
381,917
187,450
1 ,3 00
284
584
58,585
2 0 ,75 0
1,049
400
2

62
40
00
00
50
89
41
00
42
00
20

$719,402 44
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
P aid m atured 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
s h a r e s ..........................................................................................................
P aid fo r real estate ................................................................................
P aid salaries an d elerk-hire.................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P aid rent ....................................................................................................
P aid repairs to real esta te...................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exa m in a tion ..........................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Straight m ortgages ................................................................................
Premiums refunded ................................................................................
B urglary insurance ................................................................................
Cash on hand December 31, 1915........................................................

$221,850
230,1 2 9
164,037
10,780

00
88
17
29

11,521
13,463
2 ,2 6 4
296
120
234
352
66
87
36
500
8 ,7 2 8
67
54, 865

66
90
00
08
00
68
60
92
15
00
00
99
30
82

$719,402 44
Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force J anu ary 1, 1915, 28,683; shares issued du rin g the year,
7,390; shares w ithdraw n during the year, 6 ,5 7 2 % ; shares in force, 29,500% .
B orrow in g members, 517, h oldin g 11,493 shares; non-borrow ing members,
1,516, holding 18,007% shares. Fem ale shareholders, 909, h oldin g 10,044%
shares. T o ta l dividends credited members du rin g the year on instalm ent
shares, $46,099.18; rate, 7 % per cent. T ota l dividends credited or paid in
cash to members du rin g th e year on other shares, $11,521.66; rate, 5 per
cent..
N o unpaid w ithdraw als.
A m ount o f shares m atured d u rin g the year,
$164,037.17. Mem bership fee, 50 cents. O perating expenses, as defined in
section 392 o f the Banking Law , incurred and paid du rin g the year, $2,783.38.
Unpaid, none.
Prem ium plan, gross. Interest pa id b y b orrow in g mem bers, <5% per cent,
and 6 per cent. Prem ium paid b y borrow in g members, $10 per share.
Loans have been m ade in M onroe cou n ty, New Y ork State. L a rgest m ort­
gage loan outstanding, $20,000. M ortgages in force in N ew Y ork State,
$1,174,040.26. Fou r foreclosures during the year.

f



194

R eport on Savings and L oan A ssociations
CONSOLIDATED SAVING AND LOAN ASSOCIATION
N o. 8 T rian gle B uilding, R ochester, N. Y.

[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1889]
Names
Post-office addresses
LOUIS C. LANGIE.....................................................
Rochester.
WILLIAM G. WOODWOHTH..................................
Rochester.
CHARLES C. ZOLLER............................................. Rochester.
EMIL LUDEKENS.....................................................
Rochester.
A SSE TS

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

$188,600 00
1,677 09
215 40
$190,492 49

LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
Undivided p ro fits.................. .......................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................

$143,000
34,547
6 ,7 4 2
6 ,201

74
59
89
27

$190,492 49
RECEIPTS
Cash on hand Janu ary 1, 1915...........................................................
Dues credited to m e m b e r s ........................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
F ines received ..............................................................................................
Interest received .........................................................................................

$2 ,29 6
3 4 ,9 3 4
5 ,0 0 0
39,825
112
11,774

04
89
00
00
60
42

$ 9 3 ,9 4 2 95
DISBURSEMENTS
Loaned on m ortgage ........................
D ues repaid on w ithdraw als, o r applied on lo a n s ...........................
D ividends paid on w ith draw 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 p rior m ortga ges................
P aid salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge...............................................
P a id rent .......................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
State League dues and expenses............................................................
A u d itin g ...................
E xam ining property ................................................................................
R epairing fdrn itu re, e t c ............................................................................
In dex ...................................................................................
P rofit and l o s s ..............................................................................................
B u rgla ry insurance ..................................................................................
Sundries .......................................................................................................
Cash on hand December 31, 1915..........................................................

$ 5 9 ,9 0 0 00
2 2 ,3 5 1 29
2 ,9 0 6 18
5 ,0 0 0 00
100 00
1 ,5 08 00
1191
200 00
46 50
13 22
28 00
40 00
103 50
24 9£
1 00
10 56
14 26
6 50
1,677 09
$ 9 3 ,9 4 2 95

P lan , permanent.
cents w eekly.




P a r value o f shares $100 and $125. Instalm ents are 25

M onroe C ounty

195

Shares in force January 1, 1915, 3,518; shares issued durin g th e year,
099; shares w ithdraw n du rin g the year, 4 2 3 ; shares in force, 3,794. B orrow ­
ing members, 92, holding 1,816 shares; non-borrow ing members, 247, holding
1,978 shares. Fem ale shareholders, 111, h oldin g 705 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $9,444.00; rate,
6 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390
o f the B anking Law , incurred and paid during the year, $1,938.11. Unpaid,
none.
N o prem ium plan. Interest paid by borrow ing members, 12 cents per share
per week. N o prem ium charged.
L oan s have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $11,800. M ortgages in force in New Y o rk State,
$188,000. N o foreclosures durin g the year.

DESPATCH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
Eyer B lock, East Rochester, N. Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1894. Commenced business 1908]
Names
Post-office addresses
B. J. FRYATT...................................................
Bast Rochester.
B. R. ERW IN...................................................
East Rochester.
A. H. BO WIN....................................................
Bast Rochester.
LEO J. RICE...................................................
East Rochester.

ASSETS
Loans on bond and m ortga ge...................... - .........................................
Loans on shares .........................................................................................
Cash on hand and in bank ...................................................................
Instalments due and unpaid.................................................
$140
Interest, premiums, fees and fines due and u n p a id ....
80

$ 32,200 00
1,4 70 00
2 ,4 8 4 05

$30,154 05
LIABILITIES
Due shareholders, dues ..........................................................................
Due shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................

$30,249
3 ,0 79
1,0 00
1,017
208

84
02
00
04
15

$ 30,154 05
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares r e p a i d ............................................................................
Fees received .............................................................................................
Fines received .............................................................................................
Interest received .......................................................................................

$1 ,30 8
5 ,0 4 9
4 ,1 0 0
1 ,0 2 5
5
15
1,737

25
00
00
00
00
04
49

$ 13,900 38
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ith draw al, or applied on lo a n s................................
Dividends paid on w ithdraw al, or applied on loa n s.........................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................




$ 0 ,6 0 0
1,815
2 ,0 21
214

00
00
93
08

25 00

196
P a id
P a id
P a id
P a id
Cash

R eport on Savings and L oan A ssociations
salaries and c le r k - h ir e ...................................................................
advertising, p rin tin g and p osta g e.............................................
banking departm ent, exa m in a tion ...............................................
banking departm ent, a ssessm en t.. . . ......................................
on hand Decem ber 31, 1915..........................................................

$100
21
15
3
2 ,4 8 4

00
58
56
18
05

$ 1 3 ,9 0 0 38
P lan , permanent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in fo rce Ja n u a ry 1, 1915, 1,092} shares issued du rin g th e yea r, 6 6 ;
shares w ithdraw n d u rin g the year, 149} shares in force, 1,009. B orrow in g
members, 15, h oldin g 361 shares} non-borrow ing mem bers, 43, h old in g 648
shares.
Fem ale shareholders, 16, h oldin g 185 shares.
T ota l dividends
credited mem bers du rin g th e year on instalm ent shares, $1,119.36; rate,
4 % per cent. T ota l dividends credited o r paid in cash to m em bers du rin g
th e yea r on other shares, $25} rate, 5 per cent. A m oun t o f filed and unpaid
w ithdraw als December 31, 1915, $217.50. M em bership fee, $1. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and p a id
du rin g the year, $121.58. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g mem bers, 6 per
cent. N o prem ium charged.
Loans have been made in M onroe cou nty, N ew Y ork State.
L argest
m ortgage loan outstanding, $2,200. M ortgages in force in N ew Y ork State,
$32,200. N o foreclosures du rin g the year.

DIME BANKING AND LOAN ASSOCIATION
N o. 938 Clinton avenue, N orth Rochester, N . Y .
{Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 18861
Names
Post-office addresses
FERDINAND SCHWAB.........
8 La Force Street.
ALE X. H. G E FB L L.................... 105
Huntington Park.
CHRIS JESSEN..........................
875
Clinton Avenue, North.
ROBERT B. WICKES................
47 So. Mtzhugh Street.

ASSETS
L oan s on bond and m ortg a g e.................................................................
Gash on hand and in b a n k .......................................................................

$251,850 00
4 ,0 8 1 76
$255,931 76

LIAB ILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cre d ite d .................................................
Undivided profits . ; ...................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ..................
Unearned o r rebatable prem iu m ..........................................................

$204,087
2 0 ,88 1
10,348
1 2,000
8 ,6 1 4

99
03
15
00
59

$255,931 76
RECEIPTS
Gash o n hand Ja n u a ry 1, 1915...............................
D ues credited t o m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
Fees received ................................I ............................................................
Fines received ..............................................................................................
In terest r e c e iv e d .....................




$15,3 8 2
4 9 ,60 1
8 ,0 0 0
3 4 ,9 0 0
128
147
13,313

88
54
00
00
50
84
23

$121,473 99

197

M onbob County
DISBURSEMENTS
Loaned on m o r t g a g e ..................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s...........................
D ividends p a id on w ithdraw al, o r 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 o r tg a g e s .....................................
P a id interest on borrow ed money and p rior m ortga ges...............
P a id salaries and clerk-hire . ............................................................
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, assessm ent.................................................
Prem ium rebated .......................................................................................
Cash on hand Decem ber 31, 1915........................................................

$56,1 0 0 00
4 1 ,6 4 5 51
6 ,4 6 4 74
2 ,6 1 6
8 ,0 0 0
217
1 ,700
84
60
46
18
439
4 ,0 81

00
00
34
00
65
00
50
43
06
76

$121,473 99
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, 1915, 5 ,6 1 7 % ; shares issued during th e year,
1,285; shares w ithdraw n durin g the year, 6 49; shares in force, 6,253% .
-Borrowing mem bers, 179, h oldin g 2 ,538% shares; n on-borrow ing members,
638, holding 3,715 shares. Fem ale shareholders, 676, holdin g 4,298% shares.
T ota l dividends credited members during the yea r on instalm ent shares,
$3,170.86; rate, 6 % per cent. T ota l dividends credited or pa id in cash to
members du rin g the year on oth er shares, $7,763.94; rate, 6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law, incurred and paid
during the year, $1,844.65. U npaid, none.
Prem ium plan, gross. In terest paid by b orrow in g members, 5 % per cent,
and 6 per cent. Prem ium paid b y b orrow in g members, 10 per cent.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $12,000. M ortgages in force in New Y o rk State,
$251,850. N o foreclosures du rin g the year.

EQUITY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 92 P ortland avenue, R ochester, F . Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................

under Law of 1894. Commenced business 1894]
Names
Post-office addresses
PETBB W. SEILER................................................... Rochester.
HERBERT 3. MUSSMACHER................................ Rochester.
FRANK J. SCHWAJLB............................................... Rochester.
LEWIS, McKAY & BOWEN.................................... Rochester.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans o n shares .........................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................

$169,000
468
'4,068
200

00
00
69
00

$173,736 69

Due shareholders,
Due shareholders,
B orrow ed m oney
Undivided profits
G uaranty fu n d (as




LIABILITIES
d u e s ............................................................................
dividends cred ited ................................................
.....................................................................................
.....................................................................................
per section 392 o f Banking L a w ) ................

$141,136
25,223
3 ,0 00
195
4,181

71
54
00
44
00

$173,736 69

198

R eport on Savings and L oan A ssociations
receipts

C a d i on hand Janu ary 1, 1915.............................................................
D ues credited to members .....................................................................
M oney borrow ed .............................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
L oan s on shares re p a id ..............................................................................
Fees received ................................................................................................
F ines received ............................................................................................
In terest received .........................................................................................

$ 7,858
67,117
3 ,0 0 0
11,804
1 ,8 7 2
39
24
9 ,2 7 8

40
15
00
00
00
00
44
92

$100,993 91
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned o n shares.........................................................................................
D ues repaid o n w ith draw al, o r 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 b orrow 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 p osta g e...............................................
P a id ren t .....................................................................................................
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, assessm ent.......................: ......................
Officers’ bonds ............................................................................................
S tate League dues ........................
Finance com m ittee .....................................................................................
Cash on hand, December $1, 1915..........................................................

$27,5 6 0
1 ,6 12
5 8 ,09 6
5 ,0 1 5
3 ,5 0 0
32
868
77
104
23
12
14
5
4
4 ,0 6 8

00
00
03
94
00
67
00
60
00
00
48
00
50
00
69

$ 1 00,993 91
Plan, permanent. P a r value o f shares, $104. Instalm ents are 10 cents, 15
cents ana 25 cents w eekly.
Shares in force Janu ary 1, 1915, 5,238; shares issued du rin g the year,
6 6 6 ; shares w ithdraw n du rin g the year, 3 4 2 ; shares in force, 5,562. B or­
row in g members, 72, holdin g 1,597 shares; non-borrow ing members, 350,
h oldin g 3,965 shares. Fem ale shareholders, 124, holding 1,198 shares. T ota l
dividends credited members du rin g the year on instalm ent shares, $7,922.64;
rate, 6 per cent.
N o unpaid w ithdraw als. M em bership fee, 50 cents. O perating expenses, as
defined in section 390 o f th e Banking Law , incurred and paid d u rin g the
year, $1,073.10. Unpaid, none.
Prem ium plan, prem ium -interest.
Interest paid b y borrow in g members,
5 per cent, and 6 per cent. N o prem ium charged.
Loans have been made in M onroe cou nty, N ew Y ork State. L argest m ortgage
loan outstanding, $12,480, M ortgages in force in New Y ork State, $169,000.
N o foreclosures du rin g the year.

FAIRPORT PERMANENT LOAN ASSOCIATION
F a irp ort, N . Y .
[Organized under Law o f 1851.

Commenced business 1888]

Officers
Names
President..................... WILLIAM A. BEETO N ..
Secretary.................... E. C. SNOW.....................
Treasurer......................
GEORGE
G.MULLINER
Attorney............... .
E. 3. F IS K ........................

Post-office addresses
Fairport.
Fairport.
Fairport.
Fairport.

N.
N.
N.
N.

Y.
Y.
Y.
Y.

ASSETS
L oan s on bond and m ortga ge.

P sh on h d an in bank... f
&
an d




$ 7 8 ,6 0 0 00
» * M

f • * • f

$88 28

M onroe O ounty
F urniture and f ix t u r e s ..............................................................................
Instalm ents due and u n p a id ..................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

199
$186 00
270 00
395 26
$79,839 54

LIABILITIES
Due shareholders, du es..............................................................................
D ue shareholders, dividends credited ...............................................
Undivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................

$ 6 2 ,5 1 0
13,344
2 ,2 1 8
1 ,7 66

02
54
86
12

$79,839 54
RECEIPTS
Cash on hand Janu ary 1, 1915...............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .........................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith draw a ls......................................................

$14,452
18,227
6 ,6 0 0
33
87
3,561
1,280
27

33
07
00
40
19
69
89
91

$ 44,270 48
DISBURSEMENTS
Loaned on m o r t g a g e ..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P a id m atured s h a r e s ..........................
D ividends p a id 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, prin tin g and p osta ge.............................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
B u rgla ry insurance ..................................................................................
Cash on hand December 31, 1915 ..........................................................

$19,100
10,486
12,788
998
448
16
23
6
14
388

00
40
63
07
00
60
00
74
76
28

$44,270 48
Plan, permanent. P ar value o f shares, $100. Instalm ents are 10 cents and
25 cents weekly.
Shares in force January 1, 1915, 2,015; shares issued during the year, 334;
shares w ithdraw n du rin g the year, 3 21; shares in force, 2,028. B orrow ing
members. 60, h oldin g 771 shares; n on-borrow ing members, 134, h oldin g 1,257
shares. Fem ale shareholders, 50, holding 376 shares. T ota l dividends credited
members du rin g th e yea r on instalm ent shares, $4,200.41; rate, 6 per cent.
N o unpaid w ithdraw als.
Am ount o f shares m atured du rin g the year,
$12,788.63. Entrance fee, 10 cents per share. O perating expenses, as defined
in section 390 o f th e Banking Law, incurred and paid during the year, $464.60.
Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 10 cents
per share per week.
Prem ium paid by borrow ing members, 4 cents per
share per week.
Loans have been m ade in M onroe county, New Y ork State. la r g e s t m ort­
gage loan ou tstanding, $3,500. M ortgages in force in N ew Y ork State,
$78,600. N o foreclosures during the year.




200

R eport on Savings and L oan A ssociations

G EN ESEE F A L L S PE R M A N E N T SA V IN G S A N D LO AN ASSO CIA TIO N
N o. 368 Clinton avenue, F o r th , R ochester, N. Y .
[Organized under Law o f 1851.
Officers
Names
President....................
Secretary....................
Treasurer...................
Attorney......................

JOSEPH
HENRY
DENNIS
HENRY

Commenced business 18871
Post-office addresses

KIPPHUT...............................
W. MARTENS.........................
COFFEY.................................
W. MARTENS.........................

563
517
28
517

ASSETS
Loans on bond and m ortg a g e.................................................................
R ea l e s t a t e ....................................................................................................
Cash on hand and in bank........................................................................
F u rn itu re and f i x t u r e s ............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

Garson Avenue.
E. & B. Building.
Ward Street.
E. & B. Building.
$ 1 8 ,3 0 0
1 ,3 00
819
50
156

00
00
44
00
30

$20,6 2 5 74
LIAB ILITIES
Due shareholders, dues ............................................................................
D ue shareholders dividends cred ited ...................................................
Undivided profits .......................................................................................
G uaran ty fun d (as per section 392 o f B anking L a w ) ..................
Unearned o r rebatable p r e m iu m ......... ................................................

$17,4 6 8
1,4 85
109
924
636

90
55
94
75
60

$20,6 2 5 74
RECEIPTS
C a d i on hand Ja n u a ry 1, 1915...............................................................
D ues credited to m e m b e r s .......................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Fees received ..............................................................................................
In terest received ..................................« ...................................................
Prem ium r e c e iv e d .......................................................................................
R en t received ..............................................................................................

$823
1,955
133
1
844
20
204

46
45
00
00
68
00
00

$3,981 59
DISBURSEMENTS
Loaned on m ortgage ................................................................................
D ues 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 incom e and accum ulative prepaid
shares .........................................................................................................
P a id salaries and c le r k - h i r e ...................................................................
P a id advertising, prin tin g and posta ge...............................................
P a id ren t ......................................................................................................
P a id repairs to real esta te.....................................................................
P aid taxes, insurance, e t c ..........................................................................
P aid banking departm ent, exa m in a tion ...............................................
P a id banking departm ent, assessm ent...............................................
Cash on hand December 31, 1915..........................................................

$400 00
1 ,3 8 3 52
30 98
532
684
4
40
14
36
33
2
819

50
10
50
00
50
12
50
43
44

$3,981 59
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in force Janu ary 1, 1915, 442; shares issued du rin g the year; 1 4 ;
shares w ithdraw n du rin g the year, 4 2 ; shares in force, 414. B orrow in g mem­
bers, 9, h oldin g 183 shares; n on-borrow ing members, 36, h oldin g 231 shares.
Fem ale shareholders, 13, holding 136 shares. T ota l dividends credited mem-




M onroe Oounty

201

bers during the year on instalm ent shares, $255.36; rate 6 % per cent. T otal
dividends credited o r paid in cash to members during the year on other shares,
$636.83; rate, 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
du rin g the year, $728.60. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 5 % per cent.
Prem ium paid by borrow ing members, 5 per cent.
Loans have been made in M onroe county, New Y ork State. L argest m ort­
gage loan outstanding, $4,000. M ortgages in foree in New Y ork State, $18,300. N o foreclosures during the year.

HOME BUILDERS’ CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 236 State street, Rochester, N. Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

under Laws of 1909. Commenced business 1910]
Names
Post-office addresses
PRANK H. GLEMENT...................... 46 Lorimer Street.
WILLIAM W. W ALKER.................. 168 Augustine Street.
JAMES M. HARRISON...................... 1 Palls Street.
CURTIS FITZSIMONS...................... 236 State Street.

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

$28,600 00
100 00
1,6 38 94
$ 30,338 94

LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends c r e d i t e d .................................................
Undivided profits .....................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ..................

$25,898
2 ,5 8 2
1 ,620
238

00
16
34
44

$30,338 94
RECEIPTS
Cash on hand Janu ary 1, 1915......... '.................................................
Dues credited t o mem bers .....................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received ....................................................................

$ 1,316
5 ,605
18
4
1,569

78
00
00
50
56

$8 ,51 3 84
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Dues repaid on w ith draw 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 advertising, prin tin g and p osta ge...............................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assesm ent.................................................
Officers’ bonds .............................................................................................
Safe deposit b ox .........................................................................................
Seal ..................................................................................................................
Cash on hand December 31, 1915 . ........................................................




$6', 400 00
415 00
29 49
174
15 00
2 67
4 00
5 00
2 00
1,638 94

$8,513 84

202

R epoet on S avings and L oan A ssociations

P lan , permanent. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in foree Janu ary 1, 1915, 4 4 2 % ; shares issued du rin g the year, 5 3 ;
shares w ithdraw n durin g the year, 15; shares in force 4 8 0 % . B orrow in g
members, 17, h oldin g 144 shares; non-borrow ing members, 40, holding 3 3 0 %
shares. Fem ale shareholders, 10, holding 52 shares. T ota l dividends credited
members du rin g the year on instalm ent shares, $1,070.13; rate 5 % per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating ex­
penses, as defined in section 390 o f the Banking Law , incurred and pa id
du rin g the year, $12.74. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid by b orrow in g mem bers, 0
per cent. N o prem ium charged.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $3,200.
M ortgages in foree in N ew Y ork State,
$28,000. N o foreclosures du rin g the year.

HOMESTEAD LOAN ASSOCIATION
N o. 808 Pow ers B uilding, Rochester, N. Y .
[Organized under Law of 1851.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

JOHN P.
GEORGE
GEORGE
GEORGE

Commenced business 18811
Post-office addresses

SMITH..................................
W. COLBURN.....................
W. THOMAS........................
W. THOMAS........................

Platt Street.
204 Granite Building.
806 Powers Building.
806 Powers Building.

ASSETS
Loans on bond and m ortg a g e...........................
Shares o f Land Bank o f State o f New York
R eal e s t a t e ............................................................
Cash on hand and in b a n k ...............................
Advances fo r taxes, insurance, e t c ................

$83,505 00

1,000 00
192 12
2 ,0 3 7 78
8 80
$87,341 70

LIABILITIES
Due shareholders, dues ..........................................................................
Due shareholders, dividends cred ited ................................................
B orrow ed m oney ......................................................................................
U ndivided profits ......................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ..................
Unearned, or rebatable prem iu m ..........................................................
A pp ra isa l .....................................................................................................
In divid u al account ..................................................................................

$ 5 2 ,9 4 3
2 ,9 3 9
4 ,0 0 0
4 ,3 0 8
1 ,8 2 2
1,321
0

94
35
00
04
77
30
00
30

$ 87,341 70
RECEIPTS
.................. .........
Cash on hand January 1,1915................................................................
$ 4 ,7 0 8 18
Dues credited to members .....................................................................
1 3,794 54
M oney borrow ed .........................................................................................
4 ,0 0 0 00
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
4 ,4 0 5 00
R eal estate sold .........................................................................................
2 ,5 0 0 00
Fees received ..............................................................................................
51 00
Fines received .............................................................................
34 83
In terest r e c e iv e d ...........................................................................
2 ,8 0 4 55
Prem ium r e c e iv e d .......................................................................................
5 7 5 00
D ividends credited ...................................................................................
2 ,4 2 9 10
Prem ium s earned .......................................................................................
383 35
In divid u a l a c c o u n t .....................................................................................
255 00
Taxes rebated ..............................................................................................
95
Telephone .......................................................................................................
72




$ 3 5 ,9 4 0 02

203

M onboe County
DISB U R SEM E N TS

Loaned on m o r t g a g e ..................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .............................
Paid m atured shares ................................................................................
D ividends paid on w ithdraw al, o r applied on lo a n s ........................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid interest on borrow ed money and p rior m ortga ges................
P aid salaries and clerk-hire .................................................................
P aid advertising, p rin tin g and p osta ge...............................................
P aid rent ......................................................................................................
Paid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent.................................................
Advances fo r taxes, insurance, e t c .....................................................
Shares o f L and Bank ..............................................................................
D ividends credited .....................................................................................
Prem ium s refunded ..................................................................................
Expense o f real estate s a l e .....................................................................
Appraisals ....................................................................................................
In dividual accou nt ..................................................................................
Sundry expenses .........................................................................................
Cash on hand December 31, 1915..........................................................

$15,2 0 5
7 ,7 5 7
3 ,1 5 0
133

00
35
oo
30

1,307
63
673
13
420
23
5
6
1 ,0 00
2 ,4 2 9
559
23
42
258
171
2 ,6 3 7

70
33
00
75
00
88
25
80
00
10
05
25
00
25
23
78

$35,940 02

Plan, permanent. P a r value o f shares, $105. Instalm ents are 10 cents,
15 cents and 25 cents weekly.
Shares in force January 1, 1915, 9 65; shares issued during the year, 20 9 ;
shares w ithdraw n du rin g the year, 9 2 ; shares in foree, 1,082. B orrow ing
members, 31, h oldin g 470 shares; n on-borrow ing members, 79, holdin g 606
shares. Fem ale shareholders, 46, holding 303 shares. T otal dividends credited
members during the year on instalm ent shares, $1,061.40; rate, 5 per eent.
T ota l dividends credited or paid in cash to members during the year on other
shares, $1,367.70; rate, 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$3,150. M em bership fee, 25 cents. O perating expenses, as defined in section
390 o f the B anking Law , incurred and paid du rin g the year, $1,277.98.
Unpaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 10 cents per
share per week. Prem ium paid by b orrow in g members, $5 per share.
Loans have been made in M onroe cou n ty, New Y ork State. Largest m ort­
gage loan outstanding, $6,205.
M ortgages in force in New Y ork State,
$63,505. N o foreclosures during the year.

HUDSON STREET PERMANENT SAVING AND LOAN ASSOCIATION
N o. 517 E llw anger and B a rry B uilding, Rochester, N . Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1885]

Names
BERNARD LUEHM...........................
HENRY W. MARTENS....................
JOHN B. WEQMAN.........................
HENRY W. MARTENS....................

Post-office addresses
628>
N. Goodman Street.
517
E. & B. Building.
105
Fernwood Avenue.
517
E. & B. Building.

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




$11,900 00
297 74
60 00

$12,257 74

204

K eport of Savings and L oan A ssociations
LIABILITIES

D ue shareholders, dues ............................................................................
D ue shareholders, dividends credited .................................................
Undivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable p r e m iu m ..........................................................

$9 ,63 2
1,066
721
505
311

21
88
91
74
00

$12,2 6 7 74

RECEIPTS
Cash on hand Janu ary 1, 1915................................................. .............
Dues credited t o members ............................................................ ..
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
In terest r e c e iv e d .........................................................................................

$27
1 ,5 80
1 ,2 0 0
685

08
60
00
05

$ 3 ,4 9 2 73

DISBURSEMENTS
Dues repaid on w ithdraw al, o r applied on lo a n s .............................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .................. .................................................................. ....................
P a id salaries and c le r k - h i r e ...................................................................
P a id advertising, p rin tin g and p o s t a g e ......................................
P a id rent ........................................ .............................................................
P a id banking departm ent, exam ination .................................... ..
P a id banking departm ent, a s s e s s m e n t...............................................
Cash on hand December 31, 1915 ..........................................................

$ 2 ,41 4 70
221 05
155
371
3
12
15
1
297

40
00
85
00
00
93
74

$ 3 ,4 9 2 73
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in fo rce Janu ary 1, 1915, 2 2 2 ; shares issued during th e year, n on e;
shares w ithdraw n du rin g the year, 2 2 ; shares in force, 200. B orrow in g m em ­
bers, 10, h oldin g 119 shares; non-borrow ing members, 15, h oldin g 81 shares.
Fem ale shareholders, 8, holding 64 shares. T o ta l dividends credited m em bers
du rin g the year on instalm ent shares, $246.46; rate, 5 p er emit. T o ta l
dividends credited or paid in cash t o members du rin g the yea r on oth er shares,
$163.31; rate, 4 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in action 390 o f the Banking l a w , incurred and paid
du rin g the year, $386.85. U npaid, none.
Prem ium plan, gross. In terest pa id b y b orrow in g members, 5 % per cent.
Prem ium pa id b y b orrow in g members, 5 per cent.
Loans have been m ade in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $2,500. M ortgages in force in N ew Y ork S tate, $11,900. N o foreclosures du rin g the year.

PINNACLE AVENUE SAVINGS AND LOAN ASSOCIATION
No. 842 C linton avenue, South, Rochester, N . Y .
[ Organized under Law of 1851.
Officers
President....................
Secretary.....................
Treasurer;.................
Attorney.....................




Names
CHARLES
WILLIAM
WILLIAM
WILLIAM

Commenced business 1890]
Post-office addresses

C. RBHTZ................................................

J. R IC H T E R ..;.....................................
RISBNBBRG............................................
J. RICH TER............................................

Rochester.
Rochester.
Rochester.
Rochester.

M onroe County
ASSETS
Loans on bond and m ortg a g e...................................................................
Cash on hand and in ba n k .......................................................................
Furn itu re and f ix t u r e s ..............................................................................

205

$117,675 00
2 ,6 9 0 73
50 00
$120,415 73

LIABILITIES
Due shareholders, d u e s ..............................................................................
Due shareholders, dividends cred ited .................................................
Borrow ed m o n e y .........................................................................................
Undivided profits ......................................................................................
G uaran ty fu n d (as per section 392 o f Banking L a w ) ..................
Unearned o r rebatable prem ium ..........................................................

$ 95,022
12,536
1 ,0 0 0
2 ,2 7 3
5 ,4 0 0
4 ,1 8 3

19
74
00
45
00
35

$120,415 73
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta t e ..
Fees received ................................................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith d raw a ls.....................................................

$ 4 ,47 8
63,925
5 ,0 0 0
17 ,55 0
37
22
5 ,6 97
1,467
59

52
57
00
00
25
87
16
00
60

$ 98,237 97
DISBURSEMENTS
Loaned on m o rtg a g e.....................................................................................
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 ......................
Paid borrow ed m oney and p rior m ortga ges......................................
Paid interest on borrow ed m oney and prior m ortga ges..............
P a id salaries and clerk h ir e .....................................................................
P aid r e n t .........................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent.................................................
Prem ium rebated .......................................................................................
Office books and su p p lies..........................................................................
Exam ination by members .......................................................................
Cash on hand Decem ber 31, 1915..........................................................

$26,3 0 0
3 8,666
19,476
2 ,6 4 4
7 ,0 00
154
869
78
25
9
285
36
3
2 ,6 9 0

00
30
35
06
00
44
50
00
00
04
00
55
00
73

$98,237 97
Plan, permanent. P ar value o f shares, $100. Instalm ents are 15 cents
weekly.
Shares in force Janu ary 1, 1915, 1 ,8 0 8 % ; shares issued durin g the year,
3 6 4 ; shares w ithdraw n du rin g the year, 2 9 7 % ; shares in force, 1,874% .
B orrow ing members, 94, holding 1,176% shares; non-borrow ing members, 401,
holding 698 shares. Fem ale shareholders, 189, h oldin g 837 shares. T otal
dividends credited members during the year on instalm ent shares, $4,515.01;
rate, 5 per cent.
N o unpaid w ithdraw als. Am ount o f shares matered du rin g the year, $19,467.35. E ntrance fee, 25 cents per share. O perating expenses, as defined in
section 390 o f the Banking Law , incurred and paid during the year, $987.06.
Unpaid, none.




206

R eport on S avings and L oan A ssociations

Prem ium plan, gross. Interest paid b y borrow in g members, 10 cents per
share per week. Prem ium "paid by borrow in g members, $9 per share.
Loans have been made m M on roe county, New Y ork State.
L argest
m ortgage loan outstanding, $5,500. M ortgages in force in N ew Y ork State,
$117,075. N o foreclosures durin g the year.

PROFIT LOAN ASSOCIATION
No. 448 Pow ers B lock, Rochester, N . Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys............ « . . .

under Daw of 1851. Commenced business 1880]
Names
Post-office addresses
LEWIS H. GILBERT.................................... Rochester, N. Y.
WILLIAM J. TRIM BLE............................. Rochester, N. Y.
JOHN H. ASHTON...................................... Rochester, N. Y.
GEO. & S. C. TRUESDALE.........................
Rochester, N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
C ontracts fo r the sale o f real esta te....................................................
R ea l estate ....................................................................................................
Cash on hand and in b a n k .....................................................................

$472,600
9 ,7 5 7
2 ,2 8 1
23 ,31 1

00
16
71
63

$507,950 50
LIABILITIES
D ue shareholders, d u e s ..............................................................................
D ue shareholders, dividends cred ited ....................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ..................

$340,170
116,419
3 7 ,87 0
13,490

01
91
58
00

$507,950 50
RECEIPTS
Cash on hand January 1, 1 9 1 5 ................................................................
Dues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Fees received ................................................................................................
F ines received ..............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................

$17,763
138,831
8 0 ,600
14
80
20,047
9 ,4 0 3

01
87
00
00
00
66
64

$266,740 18
DISBURSEMENTS
Loaned on m o r t g a g e ...................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied on lo a n s......................
P a id fo r real e s t a t e ...................................................................................
P a id salaries and elerk-hire.....................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id ren t ......................................................................................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c ..........................................................................
P a id banking departm ent, exam in ation ...............................................
P a id banking departm ent, assessm ent.................................................
Officers’ bonds ..............................................................................................
A ttorn ey’s fees .......................................................................
Com m ission on real estate s a le ...............................................................
Cash on hand December 31, 1915..........................................................




$120,800
107,526
10,552
2 ,1 1 2
1 ,5 76
130
64
26
232
81
33
15
178
100
2 3 ,31 1

00
52
63
76
00
70
00
10
27
00
57
00
00
00
63

$266,740 18

207

M onroe County

Flan, permanent. F ar value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1915, 7,056; shares issued durin g the year,
2,004; shares w ithdraw n du rin g the year, 1,209; shares in force, 7,851. B or­
row in g members, 158, holdin g 4,726 shares; non-borrow ing members, 341,
holding 3,125 shares. Fem ale shareholders, 214, holding 2,208 shares. T ota l
dividends credited members durin g the year on instalm ent shares, $23,290.85;
rate, 6 % per cent.
N o unpaid w ithdraw als. M em bership fee, 25 cents. Operating expenses, as
defined in section 390 o f the Banking Taw , incurred and paid during the
year, $1,785.70. Unpaid, none.
Frem ium plan, prem ium -interest. Interest paid b y borrow in g members, 10
cents per share per week. Frem ium paid by borrow in g 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 N ew Y ork State,
$472,600. Tw o foreclosures du rin g the year.

SECURITY LOAN ASSOCIATION
No. 448 Pow ers Building, Rochester, N. Y.
.[Organized under Law of 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1881]

Names
Post-office addresses
IBAN K J. FLYNN....................................... Rochester, N. Y.
WILLIAM H. FARAGHBR.......................... Rochester, N. Y.
WILLIAM H. FARAGHER.......................... Rochester, N. Y.
GEORGE TRUE8DALE............................... Rochester, N. Y.

ASSETS
Real estate ....................................................................................................
Cash on hand and in b a h k .....................................................................

$11,600 00
562 13
$12,162 13

LIABILITIES
Due shareholders, d u e s ..............................................................................
Due shareholders, dividends cred ited ...................................................
P rior m ortgages .........................................................................................
Undivided profits .......................................................................................
Guaranty fund (as per section 392 o f Banking L a w ) .................

$4,762
936
4 ,8 0 0
754
909

43
15
00
10
45

$12,162 13
RECEIPTS
Cash on hand January 1, 1915..............................................................
Fees received ...............................................................................................
Rent r e c e iv e d ................................................................................................

$712 41
1 50
960 00
$1,673 91

DISBURSEMENTS
Paid interest on borrow ed money and prior m ortgages................
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...............................................
Com m ission fo r collectin g ren ts............................................................
Cash on hand December 31, 1915..............................................................




$288
221
544
7
1
47
562

00
57
85
50
87
99
13

$1,673 91

208

R eport oh S avings and L oan A ssociations

P lan , permanent. P ar value o f shares, $105. Instalm ents are 10 cents, 15
cents and 25 cents weekly.
Shares in force Janu ary 1, 1015, 118; shares issued du rin g the year, n on e;
shares w ithdraw n du rin g the year, n on e; shares in force, 118. B orrow in g
mem bers, n one; n on-borrow ing members, 14, holdin g 118 shares. Fem ale share­
holders, 3, holdin g 11 shares. A m ou n t o f filed and unpaid w ithdraw als
Decem ber 3 1 ,19 1 5 , $4,726.43.
M em bership fee, 25 cents. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and paid du rin g the year, $47.99. U npaid, none.
Prem ium plan, gross. Interest paid b y borrow in g m em bers, 10 cents per
share per week. Prem ium paid b y borrow ing members, $10 per share.
N o m ortgage loans outstanding. N o foreclosures du rin g the year.

TWENTIETH WARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
N o. 341 Cam pbell street, Rochester, N . Y .
[Organized under Law o f 1892.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1896]
Post-office addresses

HENRY A. MENSING....................
AUGUST J. DENTINGER............
JOHN SEILER.................................
WILLIAM F. LOVE........................

M l Campbell Street.
40 Home Place.
M l Campbell Street.
Court House, Rochester.

ASSETS
Loans on bond and m ortg a g e ............................. .....................................
Cash on hand and in b a n k .......................................................................
Advances fo r taxes, insurance, e t c ........... ............................................

$121,700 00
7 ,6 8 3 29
20 25
$129,403 54

LIABILITIES
D ue shareholders, d u e s ..............................................................................
D ue shareholders, dividends cred ited ...................................................
U ndivided profits ......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................

$107,759
13,691
5 ,9 1 3
2 ,0 3 9

15
80
09
40

$129,403 54
RECEIPTS
Cash on hand January 1, 1915..............................................................
D ues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Fees received ................................................................................................
Fines received ...............................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls......................................................

$ 7 ,71 9
7 1 ,80 2
1 2,600
286
10
6 ,1 1 8
1 ,694
2

03
09
00
80
64
13
58
68

$100,233 95
DISBURSEMENTS
Loaned on m ortga ge..................................................................................
Dues repaid on w ithdraw al, or applied o n lo a n s ...........................
P a id m atured shares ................................................................................
D ividends pa id 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 osta g e...............................................
P a id ren t ....................................................................................................
P a id banking departm ent, exa m in a tion .............................................




$ 2 5 ,3 0 0
56,541
6 ,5 0 4
3 ,3 0 9
730
28
50
23

00
26
14
06
00
50
00
88

209

M onroe County
P a id banking departm ent, assessm ent...............................................
Advances lo r taxes, insurance, e t c ........................................................
Check protector .........................................................................................
Cash on hand December 31, 1915..........................................................

$9
20
34
7 ,6 8 3

27
25
30
29

$100,233 95
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
and 25 cents weekly.
Shares in foree January 1, 1915, 5,140; shares issued du rin g the year,
1,504; shares w ithdraw n during th e year, 1,252; shares in force, 5,392. B or­
row in g members, 93, holdin g 1,368 shares; non-borrow ing members, 528, hold­
ing 4,024 shares.
Fem ale shareholders, 229, holdin g 1,591 shares. T ota l
dividends credited members du rin g the yea r on instalm ent shares, $6,181.30;
rate, 6 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during the year, $6,504.14. Entrance fee, 10 cents and 25 cents per share. O perating expenses,
as defined in section 390 o f the Banking Law , incurred and paid du rin g the
year, $842.80. Unpaid, none.
Prem ium plan, prem ium -interest. In terest paid b y borrow in g members,
5 yB per cent. Prem ium paid b y borrow ing members, 3 cents per share per
week.
Loans have been m ade in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $5,200. M ortgages in force in N ew Y ork State, $121,700. N o foreclosures during the year.

UNION PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 664 Clinton avenue, N orth, Rochester, N. Y .
|Organized under Law o f 1861.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................

Commenced business 1886]
Post-office addresses

ROBERT SIEBERT.................
EDWARD A. SHULTS............
CHARLES NUNNOLD...............
WERNER & HARRIS.............

Rochester.
34 City Hall.
©04 Clinton Avenue, North.
Insurance Building.

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

$52,640 00
1,792 95
$ 54,432 95

LIAB ILITIES
Due shareholders, dues .........................................................................
Due shareholders, dividends cred ited ...............................................
U ndivided profits .....................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ................
Unearned o r rebataole prem iu m ..........................................................

$42,407
8 ,551
1 ,3 0 0
985
1,187

51
58
92
82
12

$ 54,432 95
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received .............................................................................................
Fines received .............................................................................................
Interest received .................
Prem ium received .....................................................................................




$61
15,687
4 ,8 0 0
36
2
2 ,5 8 8
427

72
43
00
40
02
69
50

$23,603 76

210

R eport on S avings and L oan A ssociations

DISBURSEMENTS
Loaned on m ortgage .................................................................................
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 elerk-hire...................................... .......................... ,
P a id advertising, p rin tin g and p o s ta g e .............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, e t c ........................................................
S tate le a g u e dues and expenses..........................................................
M ortga ge t a x ................................................................................................
R o ll b ook .......................................................................................................
N o ta ry ’s fees ..............................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$ 9 ,5 0 0
10 ,60 0
1, 038
370
19
52
15
4
83
28
28
9
1
1 ,7 92

00
53
83
00
55
00
00
40
50
00
50
00
50
95

$23,6 0 3 70
P lan, permanent. P a r valu e o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in force Ja n u a ry l , 1915, 1,207; shares issued d u rin g th e year,
3 5 4 ; shares w ithdraw n du rin g th e yea r, 114; shares in force, 1,447. B orrow ­
in g members, 29, h oldin g 531 shares; n on-borrow ing mem bers, 139, h oldin g
910 shares. Fem ale shareholders, 56, h oldin g 371 shares. T o ta l dividends
credited mem bers du rin g the year on instalm ent shares, $2,035.18; rate,
5 % per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f th e B anking Law , incurred and pa id
d u rin g the year, $480.05. U npaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 5 % per cent.
Prem ium pa id b y b orrow in g members, $4.50 per share.
Loans have been m ade in M onroe cou nty, N ew Y ork State. L argest m ort­
gage loan outstanding, $4,000.
M ortgages in force in N ew Y o rk S tate,
$52,640. N o foreclosures du rin g th e year.

UNITED PERMANENT SAYINGS AND LOAN ASSOCIATION
N o. 510 P ortla n d avenue, R ochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under la w s of 1851. Commenced business 1886J
Names
Post-office addresses
PRANK D. FOLSOM
130 Carter Street.
LEO SPIEGEL...........
5431Bernard Street.
LOUIS KNAPP.........
Clifford Avenue.
JOHN B. K IL B Y ...
Powers Building.

ASSETS
L oa n s on bond and m ortg a g e...........................
Cash on hand and in b a n k .................................
F u rn itu re and fixtures ......................................

$ 7 1 ,6 5 0 00
1 ,6 87 31
50 00
$73,3 8 7 31

LIAB ILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cre d ite d .................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking l a w ) ................




$ 5 8 ,2 1 4
11,831
1 ,1 9 2
2 ,1 5 0

10
15
00
00

$73,387 31

M onroe County
RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed o r transferred to real estate.
Fees received .............................................................................................
Fines received ...........................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................

211
$ 2 ,19 2
2 9 ,60 3
8 ,0 5 0
22
6
3 ,2 7 8
861

57
00
00
70
10
50
55

$ 44,114 42
DISBURSEMENTS
Loaned on m ortgage ................................................................................
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 g e.............................................
P aid rent ......................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
Cash on hand December 31, 1915..........................................................

$13,300
2 7,223
1,338
448
55
25
23
5
8
1,687

00
34
80
00
10
00
01
86
00
31

$44,1 1 4 42

Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
10 cents and 25 cents weekly.
Shares in force J anu ary 1, 1915, 1,361; shares issued du rin g the year, 2 2 7 ;
shares w ithdraw n during the year, 186; shares in force, 1,402. B orrow ing
members, 42, holdin g 373 shares; non-borrow ing members, 223, holding 1,029
shares.
Fem ale shareholders, 98, holding 457 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $3,516.85; rate, 7
per cent.
No unpaid w ithdraw als.
Entrance fee, 10 cents per share.
Operating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $528.10. Unpaid, none.
Prem ium plan, instalm ent.
Interest paid by b orrrow in g members, 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, $3,600.
M ortgages in force in N ew Y ork State,
$71,650. N o foreclosures during the year.

WADSWORTH DIME BANKING AID AND LOAN ASSOCIATION
N o. 576 Hudson avenue, Rochester, N. Y.
[Organized under Law of 1851. Commenced business 1887]
Officers
Names
Post-office addresses
196 Hudson Avenue.
President..................... HENRY J. SIMMRLINK.
Secretary..................... GEORGE STURMER----964 Clifford Avenue.
JOSEPH F. RIBSTEIN.
16 Exchange PI. Bldg.
Treasurer...................
ASSETS
Loans on bond and m ortg a g e ................................................................
Cash on hand and in b a n k .............................................,.........................
Furniture and fix tu res..............................................................................




$62,400 00
2 ,2 9 9 32
40 00
$64,739 32

212

R eport on S avings and L oan A ssociations

LIAB ILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits ............................. .........................................................
G uaran ty fu n d (as per section 392 o f B anking L a w ) ..................

$53,921
5 ,3 5 4
2 ,4 6 3
3 ,0 0 0

80
00
52
00

$64,7 3 9 32
RECEIPTS
Cash on hand Ja n u a ry 1, 1915.................................................
$598
D ues credited t o m em bers..........................................................
1 8 ,12 0
M ortgages redeemed, foreclosed or tran sferred to real esta te.
Fees received ................................................................................................
In terest r e c e iv e d ............................................................................
2 ,9 5 5
Prem ium r e c e iv e d ..........................................................................
1 ,5 0 0

37
65
9 ,4 0 0 00
23 70
25
75

$ 3 2 ,5 9 8 72
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ith draw al, o r applied on lo a n s ......................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id salaries and clerk -h ire...................................................................
P a id banking departm ent, assessm ent...............................................
S a f e ...................................................................................................................
Cash on hand Decem ber 31, 1915 ........................................................

$ 9 ,7 0 0 00
16 ,82 0 20
1 ,8 56 65
1,2 78
494
5
144
2 ,2 9 9

50
35
45
25
32

$ 3 2 ,5 9 8 72
P la n , permanent. P a r value o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in force J anu ary 1, 1915, 1,386; shares issued du rin g the year, 23 7 ;
shares w ithdraw n du rin g the year, 398; shares in force, 1,225. "Borrowing
mem bers, 32, h oldin g 624 shares, non-borrow ing members, 85, h oldin g 601
shares. Fem ale shareholders, 34, h oldin g 277 shares. T ota l dividends credited
members du rin g the yea r on instalm ent shares $2,396.15; rate, 8 per cent.
T o ta l dividends credited o r pa id in cash to members du rin g th e yea r on
oth er shares, $1,278.50; rate, 6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in Section 390 o f the B anking Law , incurred and paid
du rin g th e year, $638.60. U npaid, none.
Prem ium plan, instalm ent. Interest paid bv borrow in g members, 5 % per
cent. Prem ium p a id by 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, $4,500. M ortgages in force in N ew Y ork State, $62,400. N o foreclosures du rin g the year.

THE WESTERN SAVINGS AND LOAN ASSOCIATION
N o. 232 P ierpon t street, R ochester, N . Y .
[Organized under Law o f 1892. Commenced business 1894]
Officers
Names
Post-office addresses
Rochester, N. Y.
THOMAS A. SMYTH
Vice-President
Rochester, N. Y.
E. C. STEPHENS------Secretary........
Rochester, N. Y.
E. C. S T E P H E N S ....
Treasurer.. . .
Rochester, N. Y.
RICHARD E. WHITE
Attorney.........
ASSETS
......................................................
$577 71
Cash on hand and in bank




218

N assau County
LIABILITIES
U ndivided profits .......................................................................................
W ithdraw al certificates ...........................................................................
Interest reserved .......................................................................................

$377 48
42 33
157 88
$577 71

RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Interest r e c e iv e d .........................................................................................

$560 29
22 42
$582 71

DISB U R SEM E N TS

Paid banking departm ent, exa m in a tion .............................................
Cash on hand December 31, 1915..........................................................

$5 00
577 71
$582 71

P lan, serial. P a r value o f shares, $100. Instalm ents are 15 cents, 50 cents
and $1 m onthly.
Shares in force Janu ary 1, 1915, n on e; shares issued du rin g the year, n one;
shares w ithdraw n du rin g the year, n on e; shares in force, none.
No unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, none. U npaid, none.
N o m ortgage loans outstanding. N o foreclosures during the year.

NASSAU COUNTY
HEMPSTEAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 68 M ain street, Hem pstead, N. Y .
[Organized under Law-, o f 1851. Commenced business 188#]
Officers
President.....................
Secretary.....................
Treasurer....................

Names
Post-office addresses
S. ALONZO SMITH..................................... Hempstead, N ..Y .
GEORGE H. BAUKNEY............................
Hempstead, N. Y.
WILLIAM PLYBR..................................... Hempstead, N. Y.
ASSETS
Loans on bond and m ortga ge.................................................................
$203,640 00
Loans on shares .........................................................................................
14,042 00
Cash on hand and in b a n k .......................................................................
16,116 66
Installments due and unpaid .....................................
Interest, premiums, fees and fines due and unpaid..

#2,113 00
1,281 80

$233,798 66
LIABILITIES
D ue shareholders, dues
......................................................................
D ue shareholders, dividends cred ited ....................................................
U ndivided profits .......................................................................................
G uaran ty fund ( as per section 392 o f B anking L a w ) ..................
Special d e p o s it s ...........................................................................................

$182,182
40 ,13 9
7 ,3 65
4 ,0 9 0
20

00
92
79
95
00

$233,798 66
RECEIPTS
Cash on hand Ja n u a ry 1, 1915..............................................................
Dues credited t o 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 ..............................................................................




$15,844
34 ,46 9
1 ,2 00
2 1 ,60 0
11,232

87
00
00
00
00

214

R eport on S avings and L oan A ssociations

Fees received ..............................................................................................
F ines received ..............................................................................................
In terest received .......................................................................................
Prem ium received .......................................................................................
.Dividends retained on w ithdraw als ...................................................
Special d e p o s it s ...........................................................................................
A pp ortioned profits ..................................................................................

$69
539
11,825
1,181
1,081
80
101

00
20
82
90
46
00
50

$99,224 75
DISBURSEMENTS
Loaned on m o r t g a g e ...................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends pa id on w ithdraw al, o r 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 p rior 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...................................................................
Paid advertising, p rin tin g and p osta ge.............................................
P a id r e n t ........................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent.................................................
Officers’ bonds ..............................................................................................
S tate League dues .....................................................................................
A ppraisers’ fees .........................................................................................
B o o k s ................................................................................................................
Cash on hand Decem ber 31, 1915..........................................................

$38,2 0 0
11,250
23 ,78 0
7 ,5 3 4

00
00
00
56

86
1 ,200
8
610
25
60
56
16
5
7
105
162
16,116

00
00
75
00
88
00
90
44
00
00
00
56
66

$99,2 2 4 75
P lan , serial. P ar value o f shares, $200 and $240.
Instalm ent are $1
m onthly.
Shares in force Janu ary 1, 1915, 2,701; shares issued durin g the year, 5 16;
shares w ithdraw n du rin g the year, 3 5 3 ; shares in force, 2,864. B orrow in g
members, 131, h oldin g 931 shares; non-borrow ing members, 354, holding
1,933 shares. Fem ale shareholders, 139, h oldin g 755 shares. T ota l dividends
credited members during the year on instalm ent shares, $11,621.54; rate,
6 % per cent. T ota l dividends credited o r paid in cash to members du rin g th e
yea r on oth er shares, $ 8 6 ; rate, 4 per cent.
N o unpaid w ithdraw als.
Mem bership fee, $1.
O perating expenses, as
defined in section 390 o f the Banking Law , incurred and paid du rin g the
year, $975.44. Unpaid, none.
Prem ium plan, instalm ent. Interest pa id b y borrow in g members, 5 per cent,
and 6 per cent. Prem ium paid b y borrow in g members, 1 per cent.
Loans have been made in N assau county, N ew Y ork State. Largest m ort­
gage loan outstanding, $5,000. M ortgages in force in New Y ork State, $203,640. N o foreclosures du rin g the year.

PORT WASHINGTON BUILDING AND LOAN ASSOCIATION OF QUEENS
COUNTY, N. Y .
N o. 277 M ain street, P o rt W ashington, N. ¥.
(Organized under Law of 1861.
Officers
Names
President.....................
Secretary.....................
Treasurer...................
Attorney......................




Commenced business 1891]
Post-office addresses

CHARLES F. LEW IS......................
CHARLES E. HYDE.........................
ALFRED C. BAYLBS......................
ALLEN PERCY BAXTER................

Port Washington.
Port Washington,
Port Washington,
Port Washington,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

N assau County
ASSETS
Loans on bond a,nd m ortg a g e.................................................................
Loans on s h a r e s .........................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and f ix t u r e s ..............................................................................

215
$168,900
2 ,7 6 0
16,040
190

00
00
14
17

$187,890 31
LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ......... .........................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ..................

$144,392
3 2 ,64 0
900
5 ,4 5 8
4 ,4 9 9

00
18
00
74
39

$187, 890 31
RECEIPTS
Cash on hand Janu ary 1, 1915..............................................................
Dues 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 re p a id ............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Premium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls.....................................................

$10,685
33,598
5 ,0 0 0
2 0 ,60 0
1 ,0 0 0
45
166
9 ,2 2 5
2 ,7 9 4
364

43
00
00
00
00
00
49
46
98
69

$ 83,480 05
DISB U R SEM E N TS

Loaned on m o rtg a g e..................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
Paid m atured shares ................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s ......................
P aid borrow ed m oney and p rior m ortga ges......................................
Paid interest on borrow ed m oney and p rior m ortg a g es................
P aid salaries and clerk -h ire...................................................................
Paid advertising, p rin tin g and posta ge...............................................
P aid ren t .......................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
State League d u e s .......................................................................................
Special deposits r e t u r n e d .......................................................................
Legal f e e s ......................................................................................................
In tern al revenue sta m p s............................................................................
B u rgla ry insurance ..................................................................................
C a b in e t ............................................................................................................
Cash on hand December 31, 1915..........................................................

$20,300
800
5 ,6 8 2
23 ,73 3
911
1 4,600
398
660
66
75
53
13
5
94
7
1
25
10
16,040

00
00
00
44
67
00
65
00
93
00
81
96
50
49
54
92
00
00
14

$ 8 3 ,4 8 0 05
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1915, 2,617; shares issued during the year, 4 94;
shares w ithdraw n durin g the year, 26 8 ; shares in force, 2,843. B orrow ing
members, 60, h oldin g 624 shares; non-borrow ing members, 232, h oldin g 2,219
shares.
Fem ale shareholders, 123, holdin g 1,162 shares. T ota l dividends
credited members during the year on instalm ent shares, $11,006.31; rate
6 9 /1 0 per cent.




216

K eport of Savings and L oaf A ssociations

N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$23,733.44. M em bership fee, $1. O perating expenses, as defined in section
390 o f the Banking Law , incurred and paid durin g the year, $834.35. U npaid,
none.
Prem ium plan, instalm ent. Interest pa id b y b orrow in g members, 5 per
cent. Prem ium pa id b y b orrow in g members, 35 cents per share per month.
Loans have been m ade in N assau eounty, N ew Y o rk State. L argest m ort­
gage loan outstanding, $7,000. M ortgages in force in N ew Y o rk State,
$168,900. N o foreclosures durin g the year.

ROCKVILLE CENTRE SAVINGS AND LOAN ASSOCIATION
N o. 76 V illa g e avenue, R ockville Centre, N . Y .
[Organized under Law o f 1851.
Officers
P resident...................
Secretary.....................
Treasurer...................
Attorneys.....................

Commenced business 1889]

Fames
BEVILLO N. BULSON......................
NELLIE P. O’N EILL.........................
WILLIAM H. CONNELL...................
HOOL1Y & WILSON........................

Post-office addresses
Roekville Centre,
Rockville Centre,
Rockville Centre,
Rockville Centre,

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

N.
N.
N.
N.

Y.
Y.
Y.
Y.

$ 2 4 ,0 9 0 00
3, 345 00
2 ,0 5 9 4 6
$ 2 9 ,4 9 4 46

LIAB ILITIES
Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ....................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f Banking L a w ) ................

$ 1 9 ,4 3 0
7, 731
532
1 ,8 0 0

44
38
64
00

$29,4 9 4 46
RECEIPTS
Cash on hand J a n u a ry 1, 1915.............................................................
D ues credited to m em bers .....................................................................
L oans on shares rep aid...............................................................................
Fees r e c e iv e d ................................................................
In terest r e c e iv e d ..........................................................................................
Prem ium received .....................................................................................

$ 5 ,4 4 7
4 ,3 5 8
2 ,0 0 0
2
1 ,5 0 5
196

87
63
00
00
10
20

$ 1 3 ,5 0 9 80
DISBURSEMENTS
Loaned on m ortga ge...................................................................................
Loaned o n shares.........................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s .........................
D ividends pa id on w ithdraw al, o r a pplied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent..................................................
Cash on hand December 31, 1915..........................................................




$ 7 ,0 9 0 00
3 ,9 2 5 00
243 37
25 24
100 00
175
35 00
27 13
2 85
2 ,0 5 9 46
$ 1 3 ,5 0 9 80

217

B jw Y ork County

Plan, permanent. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce J a n u a ry 1, 1916, 309; shares issued du rin g th e year, 2 6 ;
shares w ithdraw n du rin g the year, 10; shares in force, 324. B orrow in g mem­
bers, 10, h oldin g 136 shares; non-borrow ing members, 38, h oldin g 189 shares.
Fem ale shareholders, 22, holding 176 shares.
T o ta l dividends credited mem­
bers d u rin g the year on instalm ent shares, $1,698.47; rate 6 per cent, and 8
per cent.
N o unpaid w ithdraw als.
M em bership fee, $1.
O perating expenses, as
defined in section 390 o f the Banking l a w , incurred and pa id du rin g th e year,
$136.76. U npaid, none.
Prem ium plan, instalm ent. In terest pa id b y borrow in g members, 6 per
cent. Prem ium paid b y b orrow in g members, 18 cents per share per month.
Loans have been made in Nassau county, New Y ork State. L argest m ort­
gage loan outstanding, $4,500. M ortgages in force in New Y ork State, ^ 4 ,0 9 0 .
N o foreclosures durin g the year.

N EW YORK COUNTY
AMERICAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 147 l a s t 125th street, New Y ork, N. Y .
[Organized under Law of 1887.
Officers
President.
Secretary.
Treasurer.
Attorney.

Commenced business 1888.
Laws o f 1894]

Names
DANIEL O’BRIEN...............
ARCHIBALD W. McEWlAN
GEORGE J. ELLIOTT____
MARTIN S. COHEN............

Reorganized under
Post-office addresses

63 East 126th Street.
2161 Bathgate Avenue.
Ridgefield Park, N. J.
362 Broadway.

ASSETS
Loans on bond and m ortga ge............................. ...................................
Loans on shares .........................................................................................
Shares o f Land Bank o f S tate o f New Y o r k ....................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtures ............................................................................

$57, 732
3 ,6 1 9
1, 000
3 ,472
41

54
00
00
52
05

$65,859 11
LIAB ILITIES
Due shareholders, d u e s ............................................................................
Due shareholders, dividends cred ited.................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ..................
Advances by L and B a n k ........................................................................
M a tu rity fund ............................................................................................
D eposit on loans .......................................................................................

$50,981
3 ,9 2 6
3 ,9 0 4
1, 876
1 ,8 6 9
3, 000
285
15

50
65
94
88
00
00
14
00

$ 65,859 11
RECEIPTS
Cash on hand Janu ary 1, 1915............................. .................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed,foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
R en t received ...............




$669 02
15,685 18
70000
5 ,0 28 84
1 ,5 13 00
1 02
3 ,4 8 3 11
50 00

218

R eport on S avings and L oan A ssociations

Advances b y Land B a n k ..........................................................................
M etropolitan League .................................................................................

$ 3 ,0 0 0 00
15 00
$ 3 0 ,1 4 5 17

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares..........................................................................................
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.......................
€ a sh dividends pa id on incom e 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 p rior m ortga ges................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge...............................................
P a id rent .....................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
S ta te League dues .....................................................................................
Shares o f Land B a n k .................................................................................
D ividends on m atured shares.................................................................
Sp ecial deposit ...........................................................................
......................................
A ttorn ey’s fees ....................................................•
Office e x p e n s e s ..............................................................................................
Cash on hand December 31, 1915..........................................................

$ 1 2 ,3 5 0 00
1 ,4 73 00
6 ,0 1 4 18
1,961 29
562 27
671 39
1, 025 00
291 95
200 00
36 75
2 4 0 '0 0
16 35
4 88
9 00
1 ,0 0 0 00
87 *2
50 00
31 37
48 00
3 ,4 7 2 52
$ 3 0 ,1 4 5 17

Plan, permanent. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1915, 1 ,1 0 1 % ; shares issued during th e year 337;
shares w ithdraw n du rin g the year, 138; shares in force, 1,300% . B orrow in g
mem bers, 29, h oldin g 2 0 6 % shares; non-borrow ing members, 146, h oldin g 1,094
shares. Fem ale shareholders, 39, h oldin g 195 shares. T ota l dividends cred­
ited mem bers during the year on instalm ent shares, $1,296.67; rate 5 per cent.
T o ta l dividends credited or paid in cash to members during the year on other
shares, $828.32; ra te 5 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g th e year,
$1,961.29. O perating expenses, as defined in section 300 o f the B anking Law ,
incurred and paid du rin g the year, $515.12. Unpaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in B ronx, K in gs, N ew Y ork, Queens, R ichm ond and
W estchester counties, N ew Y ork State and in New Jersey. L argest m ortgage
loan outstanding, $3,800. M ortgages in force in New Y ork State, $38,979.
N o foreclosures during th e year.

BANK CLERKS* CO-OPERATIYE BUILDING AND LOAN ASSOCIATION
OP NEW YORK CITY
N o. 26 B roadw ay, N ew Y ork, N . Y.
{Organized
Officers
President.....................
Financial Secretary..
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced
Names
WILLIAM 3. NEVIUS..............
CHARLES S, GAUBERT..........
WILLIAM H. JUDSON..............
HERBERT REEVES.....................

business 1890]
Post-office addresses
S. Orange, N. 3.
Box 23, Sta. W, Brooklyn.
26 Broadway.
55 Liberty Street.

ASSETS

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




$904,490 00
73,931 00

219

N ew Y ork County
Shares o f Land Bank o f State o f New Y o r k ....................................
Real estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Advances for taxes, insurance, e t c ........................................................
Interest accrued .........................................................................................
Installments due and unpaid.....................................
Interest, premiums, fees and fines due and unpaid..

$ 6 ,0 0 0
8 ,1 0 0
5 6 ,7 8 0
695
4 ,8 9 6

00
00
11
35
99

$1,228 00
998 21

$1, 054, 902 45
L IA B IL IT IE S

Due shareholders, dues ..........................................................................
Due shareholders, dividends cred ited ....................................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
Borrow ed money .......................................................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ..................
Special deposits .........................................................................................
Advance paym ents .....................................................................................

$837,267
128,488
3 3 ,4 7 0
3 0 ,0 0 0
3, 065
22 ,00 0
578
43

00
10
00
00
81
00
54
00

$ 1 ,0 5 4 ,9 0 2 45
R E C E IP T S

Cash on hand January 1,1915.....................
Dues 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 ............................................................................
Real estate s o ld ...........................................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Rent received ..............................................................................................
D ividends retained on w ith draw a ls...................................................
Advances repaid .........................................................................................
Call loan re p a id ............................................................................................
Special deposits .........................................................................................
Advance paym ents .....................................................................................
Suspense .........................................................................................................

$ 2 6 ,3 7 9
2 1 5 ,3 1 0
30, 000
89, 800
6 0 ,34 0
866
2
187
52,981
112
1,784
944
2 5 ,0 0 0
2, 778
57
989

78
00
00
00
00
68
50
10
37
43
89
07
00
23
00
27

$507,533 32
DISB U R SEM E N TS

Loaned on m ortgage ................................................................................
Loaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
Paid m atured 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 fo r real esta te...................................................................................
Paid salaries and clerk -h ire...................................................................
P aid advertising, p rin tin g and p osta ge.............................................
P aid repairs to real esta te.....................................................................
Paid taxes, insurance, e t c .......................................................................
Paid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds .............................
Advances fo r taxes, insurance, e t c ........................................................
Shares o f Land B a n k ................................................................................
Special d e p o s it s .................
Suspense .......................................................................................................




$ 1 66,100 00
57, 988 00
128,267 00
57 ,80 0 00
14, 580 02
5, 813 95
3 ,3 62 59
3, 300 00
644 99
236 95
175 43
78 10
68 02
84 00
279 19
6 ,0 0 0 00
2 ,4 2 6 30
989 27

220

R eport on S avings and L oan A ssociations

A dvance p a y m e n t s .....................................................................................
W ithd raw als in e s e r o w ..............................................................................
D irectors .......................................................................................................
A u d itors .........................................................................................................
General expenses .......................................................................................
Cash on hand December 31, 1915........................................................

$213
1,381
735
75
145
5 6 ,7 8 9

27
15
00
00
80
il

$507, 533 32

Plan, serial. P ar value o f shares, S|SO . Instalm ents are $1 m onthly.
O
Shares in force Janu ary 1, 1915, 1 6 ,9 3 0 % ; shares issued du rin g th e year,
6,1 68 ; shares w ithdraw n du rin g th e year, 4 ,3 4 9 % ; shares in force, 18,749.
B orrow in g members, 235, h oldin g 4,308 shares; n on-borrow ing members, 2,081,
h oldin g 14,441 shares.
Fem ale shareholders, 703, h oldin g 4 ,6 84 % shares.
T o ta l dividends credited mem bers du rin g the year on instalm ent shares, $40,832.24; rate 5 % per cent. T ota l dividends credited o r p a id in cash t o m em ­
bers du rin g the year on other shares, $5,813.95; rate 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured d u rin g th e year,
$57,800. O perating expenses, as defined in section 390 o f th e B anking L aw ,
incurred and paid du rin g th e year, $4,984.88. U npaid, none.
N o prem ium plan. Interest p a id b y b orrow in g members, 6 p er cent. N o
prem ium charged.
L oan s have been made in K in gs, Nassau, New Y ork , Queens, Richm ond,
Rockland, Suffolk and W estchester counties, N ew Y ork State and in C on necti­
cu t and N ew Jersey. L argest m ortgage loan outstanding, $12,000. M ort­
gages in force in New Y ork State, $378,890. One foreclosure du rin g th e year.

BANKERS* LOAN AND INVESTMENT COMPANY
Nos. 63 and 65 W a ll street, N ew Y ork , N. Y .
{Organized
Officers
President.....................
Secretary.....................
Treasurer .....................
Attorney.....................

under Law o f 1851. Commenced business 1890]
Names
Post-office addresses
CLARENCE W. CLARK....................
63 and 65 Wall Street.
JOHN C. TEN EYCK......................... 63 and 65 Wall Street.
ALBERT B. VOORHXS....................... 63 and 6 5 Wall Street.
JOHN C. TEN EYCK........................... 63 and 6 5 Wall Street.

ASSETS
L oan s on bond and m ortga ge...........................................
L oan s on shares......................................................................
Stocks and b on d s...................................................................
Shares o f Land Bank o f State o f New Y o r k ............
C ontracts fo r the sale o f real esta te.............................
R eal estate .......................................................................... ..
Cash on hand and in b a n k .............................................
F u rn itu re and fixtu res.................... ...................................
In terest, prem ium , fees and fines due and unpaid
Advances fo r taxes, insurance, e t c ..................................
D ue fro m agents .................................................................
Suspense ............................................... .................................
B ills receivable .....................................................................
J u d g m e n t ................ ................................................................

$141, 809
3 ,1 42
5 ,2 3 5
3 ,0 0 0
5 ,2 1 9
672, 822
12,395
4 ,2 8 8
3 ,2 63
24
63
2 ,0 7 7
75
489

24
02
00
00
68
02
71
36
44
60
37
21
00
00

$853,904 65
L IA B IL IT IE S

Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
Balance t o be p a id borrow ers on m ortgage lo a n s .........................




$708,577 87
9 ,2 2 0 81
5 ,6 3 9 75

H

ew

Y

oke

C ounty

P rio r m ortgages .........................................................................................
B orrow ed m oney .......................................................................................
U ndivided profits ............................................................ •......................
G uaranty fu n d (a s per section 302 o f B anking L a w ) ..................
Interest payable .........................................................................................
Insurance reserve .......................................................................................
Reserved fo r ta x e s ...........................................................
B ills payable ................................................................................................
U nderlying m ortgage on real esta te......................................................
M isce lla n e o u s......................................................................................

221
$ 4 0 ,7 0 0
3 7 ,5 0 0
13, 885
8 ,6 5 8
1 ,2 35
9 ,9 5 4
178
798
1 7 ,5 0 0
54

00
00
88
66
18
85
20
60
00
85

$853,904 65
RECEIPTS
Cash on hand January 1, 1915...........................................................
Dues credited to m em bers.......................................................................
P rior m ortgages .........................................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ..............................................................................
Real e s t a t e ....................................................................................................
Fees r e c e iv e d ...........................................................
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
Rent received ..............................................................................................
D ividends retained on w ith draw a ls...................................................
Advances repaid .........................................................................................
C ontracts fo r sale o f real esta te ............................................................
Real estate expenses return ed.................................................................
A g e n t s .............................................................................................................
Insurance reserve .......................................................................................
Guaranty fund ............................................................................................
S u sp en se.........................................................................................................
B ills r e c e iv a b le ..........................................
C o n t r a c t ..........................................................................................................
.Profit and lo s s ..............................................................................................
Expenses returned .....................................................................................
M iscella n eou s................................................................................................

$4, 571 23
19,393 91
1 1 ,50 0 00
13, 000 00
5 0 ,50 2 48
784 80
7, 514 11
72 50
5 16
5 ,8 9 0 62
6 ,1 7 6 60
3 2 ,1 ® 38
22 74
247 42
483 41
1 ,3 08 82
4, 799 57
1,292 24
256 61
9, 466 69
312 00
164* 93
1 ,4 2 9 37
364 20
1, 479 00
$173,203 79

DISBURSEMENTS
Loaned on m o r tg a g e .................................................................................
Loaned on shares...................................... ...................................................
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, o r applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
Paid borrow ed m oney and p rior m ortga ges......................................
P aid interest on borrow ed m oney and p rior m ortga ges................
P aid fo r real esta te...................................................................................
P aid salaries and elerk-hire...................................................................
P aid advertising, printing and posta ge...............................................
P aid rent .......................................................................................................
Paid repairs to real esta te.....................................................................
Paid taxes, insurance, e t c ............................................
Paid banking departm ent, exam ination ........................................
Paid banking departm ent, assessm ent.................................................
Oflieers’ bonds ...........................................................................................
Advances fo r taxes, insurance, e t c . ......................................................




$32,167
1, 642
8 ,9 5 8
1,5 26
979

34
40
08
41
80

1 6,689 36
25 ,00 0 00
7, 357 57
4 ,5 0 8 09
8 ,1 91 49
1 ,9 4 5 21
975 00
8 ,0 01 48
11,711 15
11775
61 43
40 00
203 72

222

R eport on S avings and L oan A ssociations

Shares o f Land B a n k .................................................................................
C ontracts fo r real estate s o ld .................................................................
A g e n t s ...................................... .......................................................................
Insurance reserve .......................................................................................
S u sp e n se ..........................................................................................................
B ills receivable ............................................................................................
J u d g m e n t........................................................................................................
C o n t r a c t .........................................................................................
F urniture and fixtu res..............................................................................
P rofit and lo s s ..............................................................................................
M iscellaneous accounts ............................................................................
L egal expenses ............................................................................................
Sundry e x p e n s e s ..........................................................................................
Cash on hand December 31, 1915......... . ..............................................

$ 3 ,0 0 0
2, 700
4, 829
51
I I , 426
12
489
500
648
697
1 ,652
2 ,6 5 3
2 ,0 7 0
1 2 ,39 5

00
00
58
78
30
OO
00
00
38
78
83
21
94
71

$173,203 79

P lan, permanent. P a r value o f shares, $100. Instalm ents are 25, 40, 50 and
70 cents and $1 m onthly.
Shares in force January 1, 1915, 9 ,1 5 3 % ; shares issued du rin g the year,
1,032; shares w ithdraw n du rin g the year, 1 ,0 0 8 % ; shares in force, 9,177.
B orrow in g members, 32, h oldin g 989 shares; non-borrow ing members, 651,
h oldin g 8,188 shares. 'Female shareholders, 445, h oldin g 3,806% shares. T ota l
dividends credited members du rin g the year on instalm ent shares, $2,034.35 ;
ra te, 6 per cent. T ota l dividends credited or paid in cash t o mem bers du rin g
th e year on other shares, $11,200.41; ra te % per cen t.; 4 % per cent, to 6
per cent.
A m oun t o f filed and unpaid w ithdraw als Decem ber 31, 1915, $500. A m ount
o f shares m atured d u rin g the year, $1,526.41. E ntrance fee, 25 cents per
share. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred and paid du rin g the year, $13,041.51. U npaid none.
Prem ium plan, instalm ent. In terest and prem ium pa id b y borrow in g mem­
bers, 5 0 cents to 66% cents per share per month.
Loans have been made in B ronx, K in gs, N ew Y ork and W estchester counties,
N ew Y o rk State, and in Texas and V irg in ia . L argest m ortgage loan ou t­
standing, $7,000. M ortgages in force in N ew Y ork State, $117,341.59. N o
foreclosures du rin g th e year.

BROADWAY DRY GOODS CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION
e / o H . B. Claflin C orp., 224 Church street, New Y ork , N. Y .
[Organized under Law o f 1851.
Names

Officers
President.
Secretary.
Treasurer.
Attorney.

H. C. PL A C E ..
J. G. C A R Y L ...
L. L. PARR, Ja
W. L. DURACK

Commenced business 1888]
Post-office addresses
Sea Cliff, L. I.
5443 Locust St., Phila., Pa.
Brooklyn, N. Y.
215 Montague St., Brooklyn.

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 ...................................... ...............................
Interest, prem ium , fees and fines due and u n p a id .........................




$9 ,35 0
968
3, 450
2, 711
15

00
00
00
20
90

$ 16,495 10

N ew Y ork County
LIABILITIES
Due shareholders, d u es.......................................... ...................................
Due shareholders, dividends cred ited...................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ................
Suspense account .......................................................................................

RECEIPTS
Cash on hand January 1, 1915..............................................................
Dues credited to m em bers.......................................................................
Money borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares r e p a i d ............................................................................
Fines received ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium s r e c e iv e d .....................................................................................
Bent r e c e iv e d ................................................................................................
Advances r e p a i d .................................
Insurance refunded ...................................................................................

223
$12, 525
3 ,0 16
947
6

22
69
19
00

$16,495 10
===============
$127
3 ,1 86
1, 500
10,250
200
43
1,215
240
20
185
11

84
60
00
00
00
13
60
90
00
03
44

$16,980 54
DISBURSEMENTS
........ .... — ... •
.........
Loaned on shares.........................................................................................
$680 00
Dues repaid on w ithdraw al, or applied on lo a n s .............................
9 ,0 6 5 63
679 41
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
142 62
P aid borrow ed m oney and prior m ortga ges......................................
2 ,5 0 0 00
P aid interest on borrow ed m oney and prior m ortga ges...........
61 76
Paid salaries and clerk-h ire.....................................................................
385 62
P aid advertising, printing and p osta ge...............................................
30 60
P aid rent ......................................................................................................
240 00
P aid repairs to real esta te.....................................................................
64 27
P a id taxes, insurance, e t c .......................................................................
90 27
P aid banking departm ent, exa m in a tion .............................................
19 60
273
P aid banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
20 00
Advances fo r taxes, insurance, e t c ........................................................
48 96
A ttorney’ s fees ............................................................................................
199 18
Sundry expenses .........................................................................................
38 70
Cash on hand Decem ber 31, 1915........................................................
2, 711 20
$ 1 6 ,9 8 0 54
Plan, serial. P ar value o f shares, $100 and $250. Instalm ents are 40
cents and $1 m onthly.
Shares in force January 1, 1915, 54 3 ; shares issued durin g the year, 5 ;
shares w ithdraw n during the year, 125; shares in force, 423. B orrow in g
members, 4, h oldin g 86 shares; non-borrow ing members 46, holding' 337
shares.
N o record o f fem ale shareholders.
T ota l dividends credited or
paid in cash to members during the year on other shares, $142.62; rate,
2 % per cent.
A m oun t o f filed and unpaid w ithdraw als December 31, 1915, $4,931.46.
O perating expenses, as defined in section 390 o f the Banking Law , incurred
and pa id durin g the year, $714.92. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow 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 made in Queens cou nty, New Y ork State, and in New Jersey
Largest m ortgage loan outstanding, $3,700. M ortgages in force in New Y ork
State, $7,550. N o foreclosures during th e year.




m

R eport oh S avings and L oaj A ssociations

CALIFORNIA PERFUME COMPANY EMPLOYEES' SAVINGS AND LOAN
ASSOCIATION
N o. 31 P ark place, N ew Y ork, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................

under Law o f 1914. Commenced business 1915]
Names
Post-office addresses
A. D. HENDERSON
31 Paris Place.
A. 1 . W IL L IA M S ...
31 Park Place.
WM. SCHEELE..........
31 Park Place.

ASSETS
Stocks a nd b o n d s..........................................................................................
Cash on hand and in b a n k .....................................................................

$ 5 ,27 2 50
154 40
$ 5 ,4 2 6 99

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ....................................................
G u a r a n tj fund (a s per section 392 o f Banking L a w ) ................

$ 5 ,2 5 4 00
164 75
8 24
$ 5 ,4 2 6 99

RECEIPTS
Dues credited t o m em bers............................... ......................................
Fines r e c e iv e d ..............................................................................................
In terest r e c e iv e d ..........................................................................................
D o n a t io n .........................................................................................................

$ 5 ,6 1 9
3
44
193

00
48
18
29

$ 5 ,8 5 9 95
DISBURSEMENTS
D ues repaid on w ithdraw als, o r applied on lo a n s .........................
P a id advertising, p rin tin g and p osta ge...............................................
P a id r e n t .........................................................................................................
S e c u r it ie s ........................................................................................................
L egal expenses ............................................................................................
Sundry e x p e n s e s ..........................................................................................
Cash on hand December 31, 1915........................................................

$365
40
5
6 ,2 4 0
52
1
154

00
55
00
66
50
75
49

$5, 859 95
P lan , serial. P a r value o f shares, $100. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1915, n on e; shares issued d u rin g th e yea r, 53 0 ;
shares w ithdraw n during the year, 6 1 ; shares in force, 469. B orrow in g mem­
bers, n on e; non-borrow ing members, 90, h oldin g 469 shares. Fem ale share­
holders, 43, holdin g 194 shares. T ota l dividends credited m em bers du rin g
the year on instalm ent shares, $164.75; rate 6 per cent.
O perating expenses, as defined in section 390 o f the Banking L aw , incurred
and p a id du rin g the year, $47.30. U npaid, none.
N o loans have been made.

CITIZENS' SAVING AND LOAN ASSOCIATION OF NEW YORK CITY
N o 215 iWtest 125th street, N ew Y ork , N . Y .
[Organized
Officers
President....................
Secretary....................
Treasurer...................
Attorney......................




under Law o f 18®1. Commenced business 1869]
Names
Post-office addresses
WILMORE ANW AY............................. 141
Broadway.
B. M. CUTLER...................................... 56>
Pine Street.
GUSTAVUS BEHAHN......................... 420
West 130th Street.
WILMORE ANW AY............................. 141
Broadway.

N ew Y ork County
ASSETS
L oan s on bond and m ortga ge.................................................................
L oans on sh a res...........................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re and fix tu res..............................................................................

225
$65, 439
2 ,6 0 5
2 ,1 8 2
6 ,7 7 1
300

57
00
21
71
00

$ 7 7 ,2 9 8 49
L IA B ILITIE S
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .....................................................
U n divided p rofits .......................................................................................
G uaranty fun d (a s per section 302o f B anking L a w )..................
E x ch a n g e........................................................................................................

$ 6 9,903
3 ,9 0 2
1, 545
1 ,9 4 5
1

32
38
81
97
01

$ 7 7 ,2 0 8 49
RECEIPTS
Cash on hand Jan u ary 1, 1915..............................................................
D ues cred ited to m em bers.......................................................................
M ortgages redeem ed, foreclosed or tran sferred to rea l e s ta te ...
L oans on shares rep a id ..............................................................................
R eal esta te s o ld ...........................................................................................
In terest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends cred ited .....................................................................................
G uaranty fun d ................................................

$ 1 ,5 1 0
19, 336
11, 500
600
320
3, 915
425
1,268
163

20
6a
00
00
00
50
45
75
70

$ 3 9 ,0 4 0 29
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on sh a res.........................................................................................
D ues rep aid on w ith draw al, or a p p lied on lo a n s.........................
D ividends paid on w ith draw al, o r app lied on lo a n s....................
Cash dividen ds p a id on incom e and accu m u lative prepaid
s h a r e s ..........................................................................................................
P a id fo r rea l esta te .....................................................................................
P a id salaries and clerk -h ire...................................................................
P a id a dvertisin g, p rin tin g and p osta g e...............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
P rofit and loss, gu aran ty fu n d ............................................................
P rofit and loss, d iv id en d s..........................................................................
E x ch a n g e........................................................................................................
Sundry e x p e n s e s .........................................................................................
Cash on hand D ecem ber 31, 1915..........................................................

$ 5 ,75 0
580
2 0 ,1 3 3
1,221

00
00
67
48

1 ,9 85 87
90 32
660 00
11596
182 24
19 50
6 53
163 70
1, 208 75
1 44
89 12
6 ,7 71 71
$39,040 29

P la n , perm anent. P ar valu e o f shares, $250. In stalm en ts are 50 cents
w eekly.
Shares in force J a n u a ry 1, 1915, 6 9 6 ; shares issued du rin g th e year, 5 5 ;
shares w ith draw n du rin g th e year, 14 4 ; shares in force, # 7 .
B orrow in g
m em bers, 33, h old in g 152 sh ares; non-borrow ing m em bers, 119, h oldin g 455
shares. Fem ale shareholders, 35, h oldin g 94 shares. T ota l dividen ds credited
m em bers du rin g the yea r on in stalm en t shares, $1,268.75; ra te, 4 % per cent.
T ota l dividen ds cred ited o r pa id in cash to m em bers du rin g th e year on oth er
shares, $1,985.87; ra te, 4 % per cen t.




8

226

R eport on Savings and L oan A ssociations

N o u n paid w ith draw als. O perating expenses, as defined In section 390 o f
th e B anking L aw , in cu rred ana p a id du rin g th e yea r, $1,047.32. U n paid none.
•Premium plan , in stalm en t. In terest p a id b y b orrow in g m em bers, 5% P®r
cen t, and 6 per cen t. P rem ium p a id b y b orrow in g m em bers, 5 cen ts per share
p er w eek.
L oan s have been m ade in K in gs, N ew Y ork , Q ueens, R ocklan d and W est­
ch ester cou n ties, N ew Y ork S ta le , and in N ew J ersey. L a rg est m ortgage
loa n ou tstan din g, $4,000. M ortgages in force in N ew Y ork S ta te, $28,430.57.
N o forclosu res du rin g th e yea r.

THE CO-OPERATIVE BUILDING BANK
N os. 23 an d 2 5 E a st T w en ty-sixth street, N ew Y ork , N . Y .
[Organized
Officers
Vice-President............
Secretary.....................
Treasurer...................
Attorneys.................

under Law o f 1851. Commenced business 1890]
Names
Post-office addresses
HANSON CAYGILL...............
82 Beaver Street.
ROBERT B. WALDO...............
23 and 25 Bast 26th Street.
CHARLES L. H EINS.............
Glen Ridge, N. J.
MAOKELAR & GBRBRAOHT 43 Cedar Street.

ASSETS
L oan s on bond and m ortga ge................................
L oan s on sh a res........................................................
Shares o f L an d iBank o f S ta te o f New Y ork
C on tracts fo r th e sa le o f rea l esta te ................
R ea l e s t a t e .................................................................
Cash on hand and in b a n k ..................................
F u rn itu re and fix tu re s...........................................
A dvances fo r ta x es, in su rance, e tc ....................

$ 9,000

00

3, 755 00

1,000 00

8 ,1 3 0
1 1 1 ,2 2 8
2 ,2 1 4
100
34

83
45
53
00
48

$ 1 36,472 29
LIA B ILITIE S
D ue shareh olders, d u e s .............................................................................
D ue shareholders, m atured sh a res........................................................
D ue shareholders, dividen ds cred ited ....................................................
P r io r m ortgages .........................................................................................
U n divided profits .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w )................

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

03
40
82
00
54
50

$1 3 5,4 7 2 29
RECEIPTS
Cash on hand Jan u ary 1, 1915............................................................
D ues cred ited t o m em bers.................................................
M ortgages redeem ed, forclosed o r tran sferred to rea l e s ta t e .. .
L oan s on shares rep a id ..............................................................................
R ea l esta te s o ld ............................................................................................
F in es received ............................................................................................
In terest r e c e iv e d .........................................................................................
P rem ium s received ............................
R en t received ..............................................................................................
A dvances rep aid .........................................................................................
R ea l estate con tra cts.................................................................................
P r o fit and lo s s ..............................................................................................

$ 6 ,5 0 6
120
1 ,8 5 5
3 ,0 6 0
1,5 21
25
1 ,3 7 8
413
2 ,5 0 6
155
613
39

02
50
00
00
06
48
65
92
05
87
94
41

$ 1 8 ,2 0 4 90
DISBURSEMENTS
D ues rep aid on w ith draw al, o r a p p lied on lo a n s.............................
D ividen ds p a id on w ith draw al, o r a p p lied on lo a n s.......................




$ 3 ,6 4 6 67
969 06

227

IT
S ew Y ork County
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rio r m ortga ges................
P a id salaries and clerk -h ire.....................................................................
P a id a d vertisin g, p rin tin g and p osta g e...............................................
P a id r e n t .......................................................................................................
P a id rep airs t o rea l esta te .......................................................................
P a id ta x es, in su rance, e tc ..........................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent...............................................
A dvances fo r ta xes, in su rance, e tc ........................................................
Shares o f la n d B a n k ................................................................................
R eal estate con tra cts................................................................................
R eal esta te expenses....................................................................
L oss on rea l esta te.....................................................................................
L egal expenses ............................................................................................
In d ivid u a l a c c o u n t s ...................................................................................
Sundry e x p e n s e s .........................................................................................
Cash on hand D ecem ber 31, 1915..........................................................

$ 2 ,0 0 0 00
1, $75 00
1 ,7 6 2 $5
55 00
67$ $4
1 ,5 6 8 90
908 4$
48 85
1183
$8 98
1 ,0 0 0 00
108 i3
29 99
476 06
1 ,0 4 6 23
39 41
142 64
2 ,2 1 4 53
$ 1 8 ,2 0 4 90

P lan , perm anent. P a r valu e o f shares, $100. In stalm en ts are 12 cents
w eek ly; 10 cen ts t o $1 m on th ly.
Shares in force Janu ary 1, 1915, 2 ,9 7 2 ; shares issued du rin g th e yea r, n on e;
shares w ithdraw n du rin g the yea r, 6 9 ; shares in force, 2,903. B orrow in g
m em bers, 22, h old in g 210 sh a res; n on-borrow ing m em bers, 297, h old in g 2,693
shares. Fem ale shareh olders, 89, h old in g 519 shares.
A m ount o f filed and unpaid w ith draw als D ecem ber 31, 1915, $19,322.15.
M em bership fee, $1 p er m em ber o r 25 rants per share. O perating expenses,
as defined in section 390 o f th e B anking L aw , in cu rred and paid du rin g the
year, $2,633.33. U n paid, none.
Prem ium p la n , prem iu m -interest. In terest p a id b y b orrow in g m em bers, 5%
per cen t, and 6 per cen t. Prem ium p a id b y b orrow in g m em bers, 1% per cent.
L oans have been m ade in A lban y, K in gs, O range, U lster and W estchester
cou n ties, New Y ork S ta te, and in C on n ecticu t, P en nsylvania and R hode Island.
L a rgest m ortgage loan ou tstan din g, $2,800. M ortgages in force in N ew Y ork
S tate, $8,200. One foreclosu re du rin g th e year.

CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF NEW YORK
N o. 14 B ib le H ouse, N ew Y ork , N . Y .
[Organized under Law o f 1851.
Officers
Names
President.......................
Secretary.......................
Treasurer......................
Attorneys.....................

Commenced business 1888]
Post-office addresses

CHARLES
STUART FOLSOM ....
ARTHUR 6 . HOLBROOK......................
W ILFRED
M. THOMPSON..........
AUSTIN & M cKOW ON..........................

ASSETS
L oans on bond and m ortga ge......................................
L oans on sh a res.................................................................
Shares o f L and B ank o f S tate o f N ew Y o rk .........
Cash on hand and in b a n k ...........................................
F u rn itu re and fix tu re s...................................................
In terest, prem ium , fees and fines due and unpaid
A dvances fo r ta x es, in su rance, e tc .............................




14 Bible House.
14 Bible House.
14 Bible House.
50 Church Street.
$ 1 3 9,4 5 9 00
15, 304 25

10,000 00
804 21

1 00
864 56
5 94
$166,429 96

228

R epoet on Savings and L oan A ssociations

L IA B ILITIE S
D ue shareholders, d u es..............................................................................
B alance to be p a id b orrow ers on m ortgage lo a n s............................
B orrow ed m o n e y .........................................................................................
U n divided p rofits .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w )....................
A p p ra isa l and exam in ation fe e s ............................................................
S u sp en se..........................................................................................................

$1 2 9,0 5 3
18
24, 870
4 ,9 1 5
6 ,5 0 0
987
85

80
04
00
74
00
03
35

$ 1 06,429 96
RECEIPTS
Cash on hand Janu ary 1, 1 9 4 5 .............................................................
D ues cred ited to m em bers............................................................ ..
M oney b o r r o w e d ..........................................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta te ..
L oans on shares re p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................
P rem ium r e c e iv e d .......................................................................................
B u ild in g loan co n tra cts............................................................................
A p p ra isa l and exam ination fe e s............................................................
M etropolita n League .................................................................................

$845
5 5 ,1 7 2
3 9 ,9 7 0
1 0 ,0 0 0
696
41
6 ,9 7 9
48
7, 350
1 ,2 0 0
25

15
20
00
00
00
00
52
96
00
00
00

$1 2 2,3 2 7 83
DISBURSEMENTS
L oaned on m ortgage ................................................................................
L oan ed on sh a res.........................................................................................
D ues rep aid on w ith draw al, or a p p lied on lo a n s.............................
Cash dividen ds pa id on incom e and accu m u lative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rio r m ortga ges................
P a id salaries and elerk*h ire.....................................................................
P a id a d vertisin g, p rin tin g and p osta g e...............................................
P a id r e n t .......................................................................................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id bankin g departm ent, assessm ent.................................................
O fficers’ b o n d s ..............................................................................................
S ta te and M etropolitan L eague d u es....................................................
Shares o f L an d B a n k .................................................................................
B u ild in g loa n con tra cts.......................................................................
D iv id e n d s ........................................................................................................
A p p ra isa l and exam ination fe e s .............................................................
D irectors’ fees ..............................................................................................
A u d itin g ..........................................................................................................
In terest refun ded .......................................................................................
Fees refun ded ..............................................................................................
In tern a l revenue .......................................................................................
F x ch a n g e ........................................................................................................
T elephon e .......................................................................................................
C ash on hand D ecem ber 31, 1915..........................................................

$ 5 4 ,0 5 0 00
344 00
1 7 ,4 5 6 32
4, OOO 25
21, 800 00
416 45
399 84
147 49
500 00
291 75
8 99
2 0 00
11 25
10, 000 00
9 ,8 3 1 96
1 ,2 7 8 23
878 65
300 00
33 90
3 00
3 00
6 94
60
3 00
804 21
$122, 327 83

P la n , perm anent. P a r valu e o f shares, $100. In stalm en ts are 10 cen ts
w eekly o r 4 3 % cen ts m on th ly.
Shares in force Jan u ary 1, 1915, 3 ,0 12 ; shares issued d u rin g th e yea r,
2 ,6 0 5 % ; shares w ithdraw n du rin g th e yea r, 1,2 11 ; shares in fo rce , 4 ,4 06 % .
B orrow in g m em bers, 39, h old in g 1,583% sh a res; n on -borrow in g m em bers, 233,




229

N ew Y oke County

h old in g 2,823 shares. Fem ale shareh olders, 122, h old in g 2,181 shares. T ota l
dividen ds cred ited m em bers du rin g th e yea r on in stalm en t shares, $1,254.11;
ra te, 5 per cen t. T ota l dividen ds cred ited o r p a id in cash to m em bers du rin g
th e yea r on oth er shares, $4,024.37; ra te, 4 per cent, and 5 per cen t.
N o u n paid w ith draw als. M em bership fee $1.00. O perating expenses, as
defined in section 390 o f th e B anking L aw , in cu rred and p a id du rin g th e yea r,
$1,404.23. U n paid, none.
Prem ium plan , in stalm en t. In terest p a id b y b orrow in g m em bers, 6 per
cen t. N o prem ium charged.
L oans have been m ade in B ron x, K in g s, N ew Y ork , Queens, R ich m on d and
W estchester cou n ties, N ew Y ork S ta te, and in N ew Jersey. L a rg est m ortgage
loa n ou tsta n d in g, $30,000. M ortgages in fo rce in N ew Y ork S ta te, $118,150.
N o foreclosu res du rin g th e year.

EDGEHILL CO-OPERATIYE SAVINGS AND LOAN ASSOCIATION
N o. 37 L ib erty street, N ew Y ork , N . Y .
[Organized under Law o f 1909.
Officers
President....................
Secretary.....................
Treasurer...................

Commenced business 1909]

Names
Post-office addresses
ELIAS M. JOHNSON................................
Spuyten Duyvil.
ALPHEUS H . FAVOUR.......................... 37 Liberty Street.
GILBERT H. JOHNSEN........................ Spuyten Duyvil.

ASSETS
Loans on bond and m ortga ge...................................................................
L oans on sh a res............................................................................................
Pash on hand and in b a n k ........................................................................

$ 3 3 ,0 0 0 00
45 00
955 26
$34, 000 26

LIA B ILITIE S
D ue shareh olders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited ...................................................
U n divided p rofits .......................................................................................
G u aran ty fu n d (a s per section 392 o f B anking L a w )................
U nearned o r rebatable prem iu m ............................................................

$30 ,4 1 6
2 ,6 0 4
362
540
75

94
88
45
99
00

$34, 000 26
RECEIPTS
Cash on hand Jan u ary 1, 1915...............................................................
D ues cred ited to m em bers.......................................................................
L oans on shares re p a id ..............................................................................
In terest r e c e iv e d .........................................................................................
D ividends retain ed on w ith d raw a ls......................................................

$ 1 ,0 7 5
2, 696
300
2, 075
8

18
69
00
84
96

$ 6 ,1 5 6 67
DISBURSEMENTS
D ues rep aid on w ith d raw a l, o r app lied on lo a n s .............................
D ividends paid on w ith draw al, or a p p lied on lo a n s....................
Cash dividen ds p a id on in com e and accu m u lative prepaid
s h a r e s ..........................................................................................................
P aid salaries and clerk -h ire...................................................................
P a id a d vertisin g, p rin tin g and p osta g e...............................................
P a id bankin g departm ent, exa m in a tion .............................................
P jd d bankin g departm ent, assessm ent.................................................
Cash on hand D ecem ber 31, 1915..........................................................




$ 4 ,0 8 8 00
120 66
723
240
12
13
3
955

74
00
57
00
44
26

$6,156 67

230

R epobt on S avings and L oan A ssociations

P la n , perm anent. P a r va lu e o f shares, $200. In stalm en ts are $1 m on th ly.
S h ares in force Jan u ary 1 ,1 0 1 5 , 5 6 6 % ; shares issued d u rin g th e yea r, n on e;
shares w ithdraw n du rin g th e yea r, 4 4 ; shares in fo rce , 522% . B orrow in g
m em bers, 5, h old in g 181 sh a res; n on -borrow in g m em bers, 66, h old in g 341%
shares.
Fem ale shareh olders, 22, h old in g 119% shares.
T ota l dividen ds
cred ited m em bers d u rin g th e yea r on in stalm en t shares, $873.45; ra te, 5
per cen t. T ota l dividen ds cred ited o r p a id in cash to m em bers du rin g th e
yea r on oth er shares, $7251.74; ra te, 5 p er cen t.
N o u npaid w ith draw als. E n tran ce fee, 10 cen ts per share. O peratin g
expenses, as defined in section 390 o f th e B anking L aw , in cu rred and p a id
d u rin g th e yea r, $252.57. 'U npaid, none.
.P rem iu m p la n , gross. In terest p a id b y b orrow in g m em bers, 5 % p er cen t,
and 9 per cen t. N o prem ium charged.
L oan s have been m ade in B ron x cou n ty, N ew Y ork S ta te. L a rg est m ort­
gage loa n ou tstan din g, $15,000. M ortgages in fo rce in N ew Y o rk S tate,
$33,000. N o foreclosu res d u rin g th e yea r.

THE FIRST B0HEMIAN-SLAV0NIC CO-OPERATIVE SAYINGS AND
LOAN ASSOCIATION
*No. 420 E a st Seventy-A rst street, N ew Y o rk , N . Y .
[Organized
Officers
P resid en t...
Secretary.. .
T reasu rer...
A ttorn ey .. . .

under Law o f 1894.
Names
THOMAS CAPBK
VACLAV VBSELY
JAN STANHK----THOMAS C A P B K ..

Commenced business 1890]
Post-office addresses
............................
1429 fir s t Avenue.
............................ 419 B. K!d Street.
............................ 3®8> Bast 72d Street.
............................ 1929 f ir s t Avenue.

ASSETS
L oan s on bon d and m ortga ge......... .......................................................
L oan s on sh ares............................................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re an d fix tu res..............................................................................
In terest, prem ium , fees and fines due and u n p a id .........................

$ 1 3 ,0 0 0
1 ,5 5 6
772,
26
272

00
00
91
84
95

$ 1 5 ,6 2 8 70
LIA B ILITIE S
D ue shareh olders, d u e s ............................................................................
U n divided p rofits .......................................................................................
G u aran ty fun d (a s per section 392 o f B anking L a w )..................

$14 ,6 4 3 25
374 45
611 00
$ 1 5 ,6 2 8 70

BBCBIPTS
Cash on h an d Jan u ary 1, 1915...............................................................
D ues cred ited to m em bers........................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta t e ..
L oan s on shares re p a id ............................................................................
F ees r e c e iv e d ................................................................................................
F in es r e c e iv e d .............................................................................................
In terest received .......................................................................................
T ra n sfer f e e ...................................................................................................

$ 2 ,1 7 3
2 ,5 9 7
2 ,1 0 0
1 ,0 4 8
13
25
905
3

10
75
00
00
00
20
96
00

$ 8, 866 00
DISBURSEMENTS
L oan ed on m ortgage .................................................................................
L oan ed on sh a res.........................................................................................
D ues rep aid on w ith draw a l, o r a p p lied on lo a n s...........................
P a id m atured s h a r e s .............................................................................. ..




$ 3 ,5 0 0
454
1 ,6 3 3
1 ,6 7 2

00
00
00
00

]New Y ork County
Cash
P a id
P a id
P a id
P a id
P a id
Cash

dividends p a id on incom e and accu m u lative prepaid shares
salaries and clerk -h ire.....................................................................
a d vertisin g, p rin tin g and p osta ge............................................
ren t ......................................................................................................
bankin g departm ent, exa m in a tion ............................................
bankin g departm ent, assessm ent...............................................
on hand D ecem ber 31, 1915..........................................................

231
$673 89
126 60
2 30
13 00
16 25
215
772 91

$8,866 00
P lan , perm anent. P a r valu e o f shares, $200. In stalm en ts are 25 cents
w eekly.
Shares in force Jan u ary 1, 1915, 2 0 2 ; shares issued d u rin g th e yea r, 13;
shares w ithdraw n du rin g the yea r, 2 8 ; shares in force, 187. S orrow in g mem­
bers, 13, h old in g 46 sh a res; n on -borrow in g m em bers, 36, h old in g 141 shares.
Fem ale shareholders, 23, h old in g 93 shares. T ota l dividen ds cred ited mem­
bers du rin g th e yea r on in stalm en t shares, $745.89; ra te, 62 cen ts per share.
N o u npaid w ith draw als. A m ount o f shares m atured d u rin g th e yea r, $209.
M em bership fee, $1. O perating expenses, a s defined in section 390 o f the
B anking Law , in cu rred and paid du rin g th e yea r, $141.80. U n paid, none.
N o prem ium plan . In terest p a id b y b orrow in g m em bers, 6 per cen t. N o
prem ium charged.
L oans have been m ade in B ron x, K in gs and Queens cou n ties, N ew Y ork
S tate. L a rgest m ortgage loan ou tsta n din g, $5,500. M ortgages in fo rce in
N ew Y ork State, $13,000. N o foreclosu res du rin g th e year.

THE FRANKLIN SOCIETY FOR HOME BUILDING AND SAVINGS
N o. 38 P a rk R ow , N ew Y ork , N . Y .
[Organized under Law o f 1851. Commenced business 1888]
Names
Officers
Post-office addresses
CHARLES O’C. HBNNESSY. Hackensack, N. J.
President....................
Vice-President and
HENRY A. TH E IS...................
M anager.................
Haworth, N. J.
Secretary-Treasurer. G IL B E R T IA .O Y D .....................
55 Ocean Avenue, Brooklyn.
A ttorney..................... PRANK H . HENNESSY........
38 Park Row.
ASSETS
L oan s on bond and m ortga ge................................................................. $ 1 ,7 6 7 ,2 6 6
L oans on shares .........................................................................................
5 ,6 7 8
Shares o f Land B ank o f S tate o f N ew Y o rk ........... ................... ...
1, 000
C on tra cts fo r th e sale o f rea l esta te...................................................
9 6 ,4 3 6
R eal estate ..................................................................................................
1 5 2 ,0 4 0
C ash on hand and in b a n k .....................................................................
4 9 ,0 9 3
F u rn itu re and fix tu re s..............................................................................
1, 571
A dvances fo r ta xes, insurance, e tc ........................................................
593
In terest accru ed .........................................................................................
3 ,5 0 0
A ccou n ts receivable ...................................................................................
122
D eposits w ith C ou rt o f C hancery, N ew J ersey ...............................
5, MO

77
66
00
92
66
97
03
57
00
50
00

$ 2 ,0 8 2 ,6 0 4 08
LIA B IL IT IE S
D ue shareh olders, dues and d iv id en d s............................................... $ 1 ,9 1 0 ,6 3 0
B alance to be p a id borrow ers on m ortgage lo a n s.........................•
.
28, 488
B orrow ed m oney ................................................................................ ..
6 5 ,0 0 0
U n divided p rofits .......................................................................................
4 1 ,9 7 2
G uaran ty fu n d (a s per section 392 o f B anking L a w )................
3 5 ,0 0 0
In d ivid u a l accou n ts ................................................... ..........................
1 ,5 1 3




57
00
00
13
00
38

$2, <382,604 08

232

R epobt of S avifgs afd L oaf A ssociations

RECEIPTS
C ash on hand Jan u ary 1, 1915...............................................................
■Dues and dividen ds cred ited t o m em bers..........................................
M oney borrow ed .........................................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta t e .. .
L oan s on shares re p a id ............................................................................
H eal estate s o ld ............................................................................................
In terest r e c e iv e d ..........................................................................................
A dvances rep aid ..........................................................................................
In d iv id u a l accou n ts ...................................................................................
R eal estate c o n t r a c t s .................................................................................
L oss ch arged to reserve fu n d co lle cte d .................................................
A ttorn ey and appraisers’ fe e s .................................................................
R ea l estate p r o fits .......................................................................................
D raw in g papers and re co rd in g ...............................................................
M iscellan eou s p rofits ................................................................................

$ 5 2 ,1 0 0
732, 330
2 0 0 ,0 0 0
2 9 8 ,5 2 5
2 5 ,5 7 9
7 0 ,0 0 8
108, 305
1 ,301
21, 574
3 9 ,55 7
70
3 ,7 5 9
3 ,3 9 7
1 ,0 3 3
80

43
05
00
00
64
27
68
51
15
59
97
35
53
88
64

$ 1 ,6 1 7 , 684 69
DISBURSEMENTS
L oan ed on m ortga ge...................................................................................
L oaned on sh a res.........................................................................................
D ues rep aid on w ith draw al, o r app lied on lo a n s.............................
D ividen ds cred ited .....................................................................................
Cash dividen ds p a id on in com e and accu m u lative prepaid shares
P a id borrow ed m oney and p rio r m ortga ges......................................
P a id in terest on borrow ed m oney and p rio r m ortga ges..............
P a id fo r rea l esta te .....................................................................................
P a id sa la ries and clerk -h ire ...................................................................
P a id a d vertisin g, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id rep airs to rea l e sta te .....................................................................
P a id ta x es, in su rance, e tc ........................................................................
P a id ban kin g departm ent, exa m in a tion ........... .................................
P a id ban k in g departm ent, assessm ent.................................................
A dvances fo r taxes, insurance, e tc ..........................................
R eal estate con tra cts.................................................................................
In d iv id u a l accou nts ............................... ...................................................
lo s s e s ch arged to gu aran ty fu n d ..........................................................
Shares o f Land B an k .................................................................................
A ttorn ey and appraisers’ fe e s...............................................................
A u d itin g .........................................................................................................
T elephone .......................................................................................................
S u ndry expenses .........................................................................................
Cash on hand D ecem ber 31, 1915 ..........................................................

$ 3 49,611
1 5 ,54 4
734, 348
7 6 ,2 4 7
2, 046
2 4 3 ,0 0 0
3 ,0 7 0
46, 799
9 ,4 2 6
4 ,5 9 4
4 ,1 0 0
% 387
5 ,9 0 1
172
145
538
3 5 ,2 0 9
2 5 ,3 0 5
723
1, 000
5, 809
300
327
1 ,9 8 0
4 9 ,0 9 3

67
55
45
22
50
00
64
50
50
97
00
90
56
00
26
33
02
63
54
00
35
00
38
07
97

$1, 617, 084 69

P lan , perm anent. P a r valu e o f shares, $100.
Shares in force Jan u ary 1, 1915, 138,963; shares issued du rin g th e yea r,
38,344; shares w ith draw n du rin g th e yea r, 30,217; shares in fo rce , 147,000.
B orrow in g m em bers, 757, h old in g 14,445 shares ; n on -borrow in g m em bers, 5,702,
h old in g 132,645 shares. N o record o f fem ale shareholders. T ota l dividen ds
cred ited or paid in cash to m em bers du rin g th e yea r, $78,293.72; ra te, 4 per
cen t, and 4 % per cen t.
N o u n paid w ith draw als. O perating expenses, as defined in section 390 o f
th e B anking L aw , in curred and paid du rin g th e yea r, $20,729.62. O perating
expenses, as defined in section 390 o f th e B an kin g L aw , in cu rred d u rin g th e
year and rem ainin g u n paid , $250.
N o prem ium plan . In terest p a id b y b orrow in g m em bers, 6 per cen t. N o
prem ium ch arged.




N ew Y oke County

233

L oan s have been m ade in K in gs, N assau, N ew Y ork , Queens, R ichm ond,
R ocklan d, S u ffolk and W estchester cou n ties, New Y ork S ta te and in New
Jersey. la r g e s t m ortgage loan ou tstan din g, $16,000. M ortgages in fo rce in
N ew Y ork S tate, $408,273.53. F ou r foreclosu res du rin g th e year.

THE GERMAN-AMERICAN BUILDING AND LOAN ASSOCIATION OF THE
CITY OF NEW YORK
N o. 1 T h ird avenue, New Y ork , N . Y .
[ Organized
Officers
President.....................
Secretary.....................
Treasurer...................
A ttorney.....................

under Law o f 1851. Commenced business 1880]
Names
Post-office addresses
IRVING W. DIMELOW ............ 52 W all Street.
HENRY G. ECKHOIW............
412 E. 18th Street, R’klyn.
E. W. W IESER.........................
108 Park Row.
IRVING W. DIMELOW............
52 W all Street.

ASSETS
L oans on bond and m ortga ge........................................
L oans on sh a res.................................................................
Shares o f Land B ank o f S tate o f N ew Y o rk ............
C on tracts fo r th e sale o f rea l esta te .........................
R eal e s t a t e ..........................................................................
Cash on hand and in b a n k .............................................
F u rn itu re and fix tu re s...................................................
In terest, prem ium , fees and fines due and u npaid
A dvances fo r ta xes, insurance, e t c .............................
S p ecial dep osits ...............................................................

$ 1 1 8,0 1 0 91
1, 01O 00

1,000 00
6 ,2 2 1
3 5 ,43 3
3 ,6 3 6
300
30
103
69

78
96
48
00
73
53
70

$166,717 09
LIA B ILITIE S
D ue shareh olders, d u es..............................................................................
D ue shareh olders, dividends cre d ite d .................................................
P rior m ortgages .........................................................................................
U ndivided p rofits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w )................

$ 1 3 5,6 8 8
19,882
3, 300
4, 337
3, 508

95
43
00
07
64

$166,717 09
RECEIPTS
Cash on hand Jan u ary 1, 1915...............................................................
D ues cred ited to m em bers.....................................................................
M oney borrow ed .........................................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l esta te. .
L oans on shares re p a id ............................................................................
F ines received ..............................................................................................
In terest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t received ..............................................................................................
D ividends retain ed on w ith d raw a ls......................................................
A dvances rep aid .........................................................................................
R eal estate con tra cts................................................................................
S p ecia l dep osits .........................................................................................

$ 6 ,24 8 59
33, 627 30
12, 750 00
16 ,75 6 62
3, 550 00
90 47
6 ,9 9 5 76
1, 447 18
1, 801 32
185 08
260 32
2 ,5 4 6 00
1 ,1 4 5 30
$ 8 7 ,4 0 3 94

DISBURSEMENTS
Loaned on m ortga ge..................................................................................
Loaned on shares .......................................................................................
D ues rep aid on w ith draw al, or app lied on loa n s.............................




$ 1 2 ,4 1 0 30
2, 780 00
2 9 ,1 1 8 42

284

R epost on S avings and L oan A ssociations

D ividen ds p a id on w ith draw al, o r a p p lied on loa n s....................
Cash dividen ds p a id on in com e and accu m u lative prepaid shares
P a id b orrow ed m oney an d p r io r m ortga ges....................................
P a id in terest on borrow ed m oney and p rio r m ortga ges................
P a id fo r rea l esta te...................................................................................
P a id sa la ries and clerk -h ire ...................................................................
P a id a d vertisin g, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id rep airs to rea l esta te......................................................................
P a id ta x es, in su rance, e tc ........................................................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id ban kin g departm ent, assessm ent...............................................
A dvances fo r ta x es, in su rance, e tc ........................................................
R ea l esta te con tra cts...................................................................................
S p ecia l d ep osits ..........................................................................................
S h ares o f Land B a n k ..........................................................
F ix tu res .........................................................................................................
J a n ito r ...........................................................................................................
O ffice expenses ............................................................................................
M iscellan eous expenses ............................................................................
C ash on hand D ecem ber 31, 1915 ........................................................

$ 6 ,0 6 9 13
708 75
2 0 ,2 5 0 0 0
173 75
5 ,7 2 4 42
1 ,5 0 3 00
102 30
210 00
0 83 99
544 42
45 55
13 04
427 23
4*13 92
1 ,2 0 7 50
1 ,0 0 0 00
14 00
30 00
34 69
153 05
3 ,0 3 6 48
$ 8 7 ,4 0 3 94

P la n , seria l and perm anent. P a r valu e o f shares, $100. In stalm en ts are
10 cento w eek ly; $1 m on th ly.
S h ares in fo rce Ja n u a ry 1 ,1 9 1 5 , 3 ,0 00 ; shares issued d u rin g th e y ea r, 2 4 9 ;
sh ares w ith draw n du rin g th e yea r, 5 4 0 ; shares in fo rce , 2,709. B orrow in g
m em bers, 54, h old in g 954 sh a res; n on -borrow in g m em bers, 244, h old in g 1,755
shares. Fem ale shareh olders, 64, h old in g 260 shares. T o ta l dividen ds cred ited
m em bers du rin g th e yea r on in stalm en t shares, $5,951-88; ra te, 5 per cen t.
T o ta l dividen ds cred ited o r p a id in cash to m em bers du rin g th e yea r on oth er
shares, $708.75; ra te, 5 per cen t.
N o u n paid w ith draw als. O perating expenses, a s defined in section 390 o f
th e B anking L aw , in cu rred and p a id d u rin g th e yea r, $2,197.02. U n paid, none.
P rem ium plan , prem iu m -interest. In terest p a id b y borrow in g m em bers, 6 per
cen t. Prem ium p a id b y b orrow in g m em bers, 10 cento per share per w eek.
L oan s have been m ade in B ron x, K in g s, N ew Y ork , R ichm ond and W est­
ch ester cou n ties, N ew Y ork S ta te and in N ew Jersey. L a rgest m ortgage loan
ou tsta n d in g, $6,500. M ortgages in force in N ew Y ork S ta te, $105,110. N o
foreclosu res du rin g th e year.

GREENWICH BUILDING AND LOAN ASSOCIATION
N o. 21 E ast F ou rteenth street, N ew Y ork , N . Y .
[ Organized
Officers
President.....................
Secretary.....................
Treasurer...................
A ttorney......................

under Law o f 1851. Commenced business 1880]
Names
Post-office addresses
JOHN F. CLEARY................................... 630 Hudson Street.
T. CONROY................................................ 227 Henry Street.
M. C. F. CLEARY................................... 630 Hudson Street.
JAMES A. SPEER................................... 44 W all Street.

ASSETS
L oan s on bond and m ortga ge.................................................................
-Loans on sh a res................ .........................................................................
C ash on hand and in b a n k ......................................................................
F u rn itu re and fix tu res...............................................................................
In terest, prem ium , fees and fines due and u n p a id .........................




$ 6 ,0 0 9
500
802
75
106

00
84
90
00
66

235

N ew Y ork County
L IA B IL IT IE S

D ue shareholders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited .................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w )....................
Suspense a ccou n t
...................................................................................

$ 5 ,2 1 6
1 ,3 4 9
35ft
558

80
23
52
85

$ 7 ,4 8 4 40
R E C E IP T S

= = = = = = = = =

Gash on hand Jan u ary 1, 1915...............................................................•
D ues cred ited to m em bers.......................................................................
F ines received ............................................................................................
In terest and prem ium receiv ed .............................................................
• D ividends retain ed on w ith d raw a ls...................................................

$ 1 ,02 1
935
32
491
33

19
80
62
12
19

$2, 513 92
D ISB U R SE M E N T S

....... ■
'....=.. ... - ' =

Loaned on sh a res.........................................................................................
D ues rep aid on w ith draw al, o r ap p lied on lo a n s .........................
D ividends p a id on w ith draw al, o r a p p lied on lo a n s....................
P a id sa laries and clerk -h ire...................................................................
P a id a d vertisin g, p rin tin g and p o sta g e.............................................
P a id ren t .......................................................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent..............................................
O fficers’ bonds .................................
M ovin g s a f e ..........................
C ash on hand D ecem ber 31, 1915........................................................

$250 00
1 ,0 1 4 20
248 44
20 00
15 10
120 00
975
1 53
20 00
12 00
802 90
$2, 513 92

P la n , seria l. P a r valu e o f shares, $200 and $250. In stalm en ts are 20 cents
and 25 cen ts w eekly.
Shares in force Jan u ary 1, 1915, 1 27; shares issued du rin g th e yea r, 1ft;
shares w ith draw n du rin g th e yea r, 2 1 ; shares in force, 125. B orrow in g mem­
bers, 1, h old in g 24 sh a res; n on -borrow in g m em bers, 25, h old in g 101 shares.
Fem ale shareh olders, 14, h old in g 54 shares. T ota l dividen ds cred ited m em bers
du rin g th e yea r on in stalm en t shares, $319.13; ra te, 5 % per em it. T ota l d iv i­
dends cred ited o r p a id in cash t o m em bers du rin g th e year on oth er shares,
$21.49; ra te, 4 per cen t.
N o u npaid w ith draw als. O perating expenses, as defined in section 390 o f the
B anking L aw , in cu rred and p a id du rin g th e yea r, $187.10. U n paid, none.
Prem ium plan , in stalm en t. In terest p a id b y b orrow in g m em bers, 6 per cent.
Prem ium pa id b y b orrow in g m em bers, 2 per cen t.
L oan s have been m ade in N ew Jersey. L a rg est m ortgage loan ou tsta n din g,
$6,000. N o m ortgages in force in N ew Y ork S ta te. N o foreclosu res du rin g
th e year.

HARLEM RIVER BUILDING LOAN AND SAVINGS ASSOCIATON
407 E a st 'F orty-seven th street, N ew Y ork , N . Y .
[Organized
Officers
President......................
Secretary......................
T reasurer.....................
A ttorn ey .......................

under L aw o f 1851. Commenced business 1891]
Names
Post-office addresses
F R E D D IE T Z .........................................
407 E ast 47th Street.
AUGUSTUS W . B U G G E L N .................
3112 W ebster Avenue.
C. F . SC H A N B ....................................... 2060 T hird Avenue.
AM OS H . ST E P H E N S.......................... 30 E ast 42nd Street.
A SSE TS

R eal estate ..................................................................................................
Cash on hand and in b a n k ......................................................................




$ 2 ,2 7 9 92
617 57
$ 2 ,8 9 7 4ft

236.

K eport on Savings and L oan A ssociations
L IA B IL IT IE S

D ue shareholders, d u es..............................................................................
U n divided p rofits ................................................. .....................................
G uaran ty fu n d (a s per section 392 o f B anking L a w )..................

$ 2 ,2 5 5 00
460 49
170 00
$ 2 ,8 9 7 49

R E C E IP T S

.................... =

Cash on hand Ja n u a ry 1, 1915...............................................................
In terest r e c e iv e d ..........................................................................................
R en t received ..............................................................................................

$513 67
18 90
128 60
$061 17

D ISB U R SEM E N TS

P a id
P a id
P a id
P a id
C ash

$2
29
10
1
617

ad vertisin g, p rin tin g and p osta g e.............................................
ta xes, insurance, e tc ........................................................................
ban kin g departm ent, exa m in a tion .............................................
bankin g departm ent, assessm ent...............................................
on hand D ecem ber 31, 1915..........................................................

00
90
50
20
57

$061 17
P la n , perm anent. P a r valu e o f shares, $100. In stalm en ts a re 55 cen ts
m on th ly.
S h ares in force Jan u ary 1, 1915, 9 0 ; shares issued du rin g th e yea r, n on e;
shares w ith draw n du rin g th e yea r, n on e; shares in force, 90. B orrow in g m em ­
b ers, n on e; n on -borrow in g m em bers, 7 , h old in g 90 shares.
N o fem ale
shareh olders.
N o u npaid w ith draw als. E n tran ce fee, 25 cen ts per share. O peratin g
expenses, as defined in section 390 o f th e B anking Law , in cu rred and p a id
d u rin g t i e yea r, $2. U n paid, none.
P rem ium pla n , prem iu m -interest. In terest p a id b y b orrow in g m em bers, 6
per cen t. P rem ium p a id by b orrow in g m em bers, 6 per cent.
N o m ortgage loan s ou tstan din g. N o foreclosu res du rin g th e year.

MANHATTAN SAYINGS AND LOAN ASSOCIATION
N o. 185 E a st 117th street, N ew Y ork , N . Y .
[O rganized under Laws o f 1910.
Officers
President......................
Secretary......................
T reasurer....................
A tto rn e y .......................

Commenced business 1913]

Names

Post-office addresses

JOHN B. B U R G E R ....
P R A N K W A G N E R .. . .
P R A N K R A D O V A N ...
W A L T E R L . DURAOK

354
347
347
215

E ast 83rd S treet.
Beekman Avenue.
B ast 122nd Street.
M ontague St., B rooklyn.

A SSE TS

L oan s on bond and m ortga ge...........................
L oan s on sh a res......................................................
Cash on hand and in b a n k ............................. ....
F u rn itu re and fix tu res.........................................
D ep osit on m eter......................., ..........................
B ook s, etc...................................................................

$ 9 ,9 0 8
192
368
110

00
00
97
00

20 00
60 00

$10, 653 97
L IA B IL IT IE S

D ue shareh olders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited ....................................................
B orrow ed m oney ..........................................................................................
U n divid ed p r o f it s .......................................................................................
G u aran ty fu n d (a s per section 392 o f B anking L a w )....................




........-.... : ...... = =
.

$ 1 0 ,0 8 3
443
43
5
78

62
73
00
62
00

$ 1 0 ,6 5 3 97

237

N ew Y ork C ounty
R E C E IP T S

Cash on hand Jan u ary 1, 1915............................................................
D ues cred ited to m em bers.......................................................................
M ortgages redeem ed, foreclosed or tran sferred to rea l e s ta t e ..
L oan s on shares re p a id ..............................................................................
Fees received ..............................................................................................
In terest received .......................................................................................
D ividends retained on w ith d raw a ls......................................................
D onation .......................................................................................................
A pp ra isa ls ....................................................................................................
E xchange .......................................................................................................

$417 83
6, 390 50
470 00
100 00
14 50
456 61
4 89
2 50
5 0 -0 0
1 80
$ 7 ,9 1 7 63

DISB U R SEM E N TS

Loaned on m ortga ge..................................................................................
Loaned on sh ares.........................................................................................
D ues repaid on w ith draw al, or a pp lied on loa n s.............................
D ividends paid on w ith draw al, or app lied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P a id ad vertisin g, p rin tin g and p osta g e.............................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id bankin g departm ent, assessm ent...............................................
O fficers’ bonds ..............................................................................................
S tate League d u es.......................................................................................
A pp ra isa ls ....................................................................................................
N otary’s fees and lig h tin g .......................................................................
E xchange .......................................................................................................
J a n itor ...........................................................................................................
Cash on hand D ecem ber 31, 1915........................................................

$ 5 ,1 0 0
151
2, 048
47
94
10
20
13
1
12
5
18
13
1
12
308

00
00
88
38
00
98
00
00
43
00
00
10
39
50
00
97

$ 7 ,91 7 03
P lan , perm anent. P a r valu e o f shares, $100. In stalm en ts are 50 cents
m on th ly.
Shares in force Jan u ary 1, 1915, 5 8 4 ; shares issued du rin g th e yea r, 150;
shares w ithdraw n du rin g the year, 2 5 ; shares in force, 709. B orrow in g mem­
bers, 3, h oldin g 42 sh a res; non-borrow ing m em bers, 104, h old in g 807 shares.
Fem ale shareh olders, 12, h old in g 75 shares. T ota l dividen ds cred ited m em bers
du rin g the year on in stalm en t shares, $216.38; ra te , 4 % per cen t. T ota l
dividen ds cred ited or paid in cash to m em bers du rin g th e year on oth er shares,
$134.24; ra te, 4 % per cen t.
N o u n paid w ith draw als. M em bership fee, 50 cents. O perating expenses,
as defined in section 390 o f the B anking la w , in cu rred and. p a id du rin g the
yea r, $59.80. U n paid, none.
Prem ium plan , instalm en t. In terest p a id b y borrow in g m em bers, 6 per cent.
N o prem ium charged.
L oans have been m ade in K in gs cou n ty, N ew Y ork S ta te, and in N ew Jersey.
L argest m ortgage loan ou tstan din g, $3,400. M ortgages in fo rce in N ew Y ork
S tate, $3,800. N o foreclosu res du rin g th e year.

MOUNT MORRIS CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 147 E ast 125th street, N ew Y ork , N . Y .
[Organized under Law o f 1851.
Officers
Names
•President...................
Secretary......................
Treasurer....................
A ttorn ey .......................




JAM ES G.
C. W OODS
CHARLES
HERBERT

Commenced business 1888]
Post-office addresses

P A T T O N ......................
B O W E R S .....................
T . D E E R IN G .. . . . .
R E E V E S ......................

812 Jackson Avenue.
1404 St. Nicholas Avenue.
1 4 ? E ast 12§th Street.
55 L iberty Street.

238

R eport ok S avings and L oan A ssociations
A SSE TS

28885

$ 1 1 ,21ft 75
1 0 ,8 7 5 14
5 0 ,7 9 4 52
2 ,8 3 0
200
1 ,4 7 3
84
11
$ 7 7 ,4 6 6

\ \ B \

L oan s on bond and m ortg a g e...................................................................
C on tra cts fo r tb e sale o f rea l esta te...................................................
R ea l e s t a t e .....................................................................................................
C ash on ban d and in b a n k ......................................................................
F u rn itu re and fix tu res..............................................................................
In terest, prem ium , fees and fines due and u n p a id .........................
A dvances fo r ta x es, in su rance, e tc .....................................................
In terest a ccru ed ..........................................................................................

$73,017
1, 835
1 ,0 7 0
625
8
$ 7 7 ,4 6 6

|*2 Sg&gg
| |

L IA B IL IT IE S

D ue shareh olders, d u es...............................................................................
U n divided p rofits .......................................................................................
G u aran ty fu n d (a s p e r section 302 o f B anking L a w )....................
Suspense accou n t .......................................................................................
C om m ission on sale o f rea l esta te........................................................

$ 3 ,1 7 2
1 ,1 8 2
1, 000
303
1 ,2 2 5
166
1 ,0 7 6
7
1 ,6 0 2
63
$ 0 ,7 0 0

II 8 1 85§8882§85fe

R E C E IP T S

Cash on hand Jan u ary 1, 1015...............................................................
D ues cred ited t o m em bers........................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta t e .. .
L oan s on shares re p a id ..............................................................................
In terest r e c e iv e d ..........................................................................................
P rem ium r e c e iv e d .......................................................................................
R en t received ..............................................................................................
A dvances rep aid .........................................................................................
R ea l esta te co n tra cts...................................................................................
In cid en ta ls .....................................................................................................

D ues rep aid on w ith draw a l, o r a p p lied on lo a n s...........................
P a id fo r rea l esta te...................................................................................
P a id sa la ries and clerk -h ire ...................................................................
P a id a d vertisin g, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id rep airs to rea l e sta te ......... ...........................................................
P a id ta x es, insurance, e tc ......................................................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id bankin g departm ent, assessm ent..............................................
O fficers’ bonds ..............................................................................................
A dvances fo r ta xes, insurance, e tc ......................................................
C om m ission ..................................................................................................
C ollection .......................................................................................................
T elephone .......................................................................................................
Cash on hand D ecem ber 31, 1015............................................................

$1, 662
832
600
172
180
330
2 ,7 4 8
35
6
16
171
157

8SS88SSS8888& 8

D ISB U R SE M E N T S

55 68
2, 830 57
$ 0 ,7 0 0 65

P la n , perm anent. P a r valu e o f shares, $100 and $250. In stalm en ts are
12% cen ts and 25 cen ts w eekly.
Shares in fo rce J an u ary 1, 1015, 3,087; shares issued du rin g th e yea r, n on e;
shares w ith draw n du rin g th e yea r, 1 0 ; shares in force, 3,077. B orrow in g
m em bers, 8, h old in g 27 sh a res; n on -borrow in g m em bers, 330, h old in g 3,050
shares. F em ale'sh areh old ers, 110, h old in g 1,000 shares. A m ount o f filed and
u n paid w ith draw als D ecem ber 31, 1015, $55,106.06.




239

N ew Y ork County

O peratin g expenses, as defined in section 390 o f the B anking Law , in curred
and paid du rin g the yea r, $1,182.03. O perating expenses, as defined in section
390 o f th e B anking L aw , in cu rred du rin g th e yea r and rem ainin g u npaid,
$8.75.
Prem ium plan , instalm en t. In terest p a id by borrow in g m em bers, 5 per cen t.,
5 % per cen t, and 6 per cen t. Prem ium paid by borrow in g m em bers, 40 cents
per share.
L oan s have been m ade in K in gs, N ew Y ork , Q ueens and W estchester coun­
tie s, N ew Y ork S ta te. L argest m ortgage loan ou tstan din g, $5,500. M ort­
gages in force in N ew Y ork S ta te, $11,216.75. N o foreclosu res du rin g th e
year.

THE HEW YORK AND SUBURBAN CO-OPERATIYE BUILDING AND
LOAN ASSOCIATION
N o. 147 E ast 125th street, New Y ork , N . Y .
[ Organized under Law o f 1851.
Officers
President......................
R ecording S ec...........
T reasurer....................
A tto rn e y .......................

Commenced business 1888]

Names
Post-office addresses
E L IJ A H D. C L A R K ............................ 1031 T rin ity Avenue.
A B R A M D. W IM P B E S S ........................ 2013 F fftb Avenue.
W IL L IA M S. B E C K L E Y ...................
133 E ast 23rd Street.
RO B E R T H. B E R G M A N ..................... 3219 T hird Avenue.
A SSE TS

L oan s on bond and m ortga ge.................................................................
Loans on sh ares............................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
In terest, prem ium , fees and fines due and u n p a id ...........................
A dvances fo r ta x es, insurance, e tc ........................................................

$6 5 7,4 2 5
2 4 ,2 2 2
1 1 ,50 0
14,548
5, 336
524

00
00
00
28
83
08

$713,556 19
L IA B IL IT IE S

D ue shareh olders, d u es..............................................................................
D ue shareholders, dividen ds cred ited .................................................
B alance to be paid borrow ers on m ortgage loa n s.........................
B orrow ed m oney .........................................................................................
U ndivided p rofits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w )....................
S p ecial dep osits ...........................................................................................

$533, 708
105,014
1 2 ,90 0
33, 505
5, 855
2 2 ,1 0 0
473

00
58
00
00
26
00
35

$713,556 19
R E C E IP T S

Cash on hand Jan u ary 1, 1915............................................................
D ues cred ited to m em bers.....................................................................
M oney borrow ed .........................................................................................
M ortgages redeem ed, foreclosed o r tran sferred to real e s ta t e ..
L oans on shares re p a id ..............................................................................
Fees received ................................................................................................
F ines received ..............................................................................................
In terest received .......................................................................................
R en t received .............................................................................................
D ividends retained on w ith d raw als.................................
A dvances rep aid .........................................................................................
S p ecial dep osits .........................................................................................




$ 3 ,447
122, 813
158, 005
107,975
2 2 ,43 3
525
136
3 9 ,775
17
1 ,2 9 0
1 ,0 3 3
96

02
00
00
00
00
50
76
59
10
07
18
50

$457,547 72

240

R epoet on Savings and L oan A ssociations
D ISB U R SE M E N T S

L oan ed on m ortga ge...................................................................................
L oan ed on sh a res................................................. .......................................
D ues rep aid on w ith draw al, o r app lied on lo a n s...........................
P a id m atured sh a res.................................................................................
D ividends p a id on w ith draw al, o r app lied on loa n s....................
Cash dividen ds pa id on in com e and accu m u lative prepaid shares
P a id borrow ed m oney and p rio r m ortga ges..................................
P a id in terest on borrow ed m oney and p rio r m o rtg a g e s ...............
P a id fo r rea l esta te...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id a d vertisin g, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id rep a irs t o rea l esta te......................................................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id bankin g departm ent, assessm ent...............................................
O fficers’ bonds ..............................................................................................
A dvances fo r ta x es, in su rance, e tc ......................................................
S tate and M etrop olita n L eague d u es....................................................
S p ecial dep osits ....................................................................................
E xpense o f lo a n s.........................................................................................
D ivid en d s, m atured sh ares.....................................
T o co rre ct e r r o r ....................................; .....................................................
Cash on hand D ecem ber 31, 1915..........................................................

$ 1 2 4,9 0 0
2 t, 415
53, 457
46, 755
5, 212
1 ,4 6 5
1 6 5 ,2 5 0
2 ,1 3 3
1 3 ,6 9 5
2 ,8 5 6
499
600
200
55
48
20
1 ,0 0 0
15
61
400
941
16
1 4 ,54 8

00
00
00
00
64
24
00
87
74
00
43
00
78
30
85
00
03
00
50
50
16
40
28

$4 5 7,5 4 7 72
P la n , seria l. P a r valu e o f shares, $200 and $250. In stalm en ts a re $1
m on th ly.
Shares in force Janu ary 1, 1915, 10,852; shares -issued du rin g th e yea r,
1,814; shares w ith draw n du rin g th e yea r, 1 ,8 3 0 % ; shares in fo rce , 10,835% .
B orrow in g m em bers, 270, h old in g 3,475 sh a res; n on -borrow in g m em bers, 1,092,
h old in g 7,360% shares. Fem ale shareh olders, 657, h old in g 4,114 shares. T ota l
dividen ds cred ited m em bers du rin g th e yea r on in stalm en t shares, $28,898.15;
ra te, 5 % p er cen t. T ota l dividen ds cred ited o r p a id in cash to m em bers du rin g
th e yea r on oth er shares, $1,405.24; rate, 4 % per cent.
N o u n pa id w ith draw als. A m ount o f shares m atured d u rin g th e yea r,
$46,755. M em bership fee, $1. O peratin g expenses, as defined in section 390
o f th e B an k in g L aw , in cu rred and pa id du rin g th e yea r, $3,975.43. U n paid,
none.
N o prem ium plan . In terest p a id by borrow in g m em bers, 6 per cen t. N o
prem ium charged.
L oan s have been m ade in B ron x, K in gs, N assau, N ew Y ork , Q ueens, R ich ­
m ond, S u ffolk and W estchester cou n ties, New Y ork S tate and in N ew Jersey.
L a rg est m ortgage loan ou tstan din g, $10,000. M ortgages in force in N ew Y ork
S ta te, $636,375. Tw o foreclosu res du rin g th e year.

THE NEW YORK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N os. 3 5 -43 W est 125th street, N ew Y ork , N . Y .
[ Organized under Law o f 1861.
Officers
Names
President......................
Secretary......................
T rea su rer....................
A tto rn e y .......................

Commenced business 1888]
Post-office addresses

W M. M. EM iBLER. . . » .......................
ISA A C S. M A R T IN ..............................
JOHN B. B'ROD IE................................
W IL L IA M LAN GDON ..........................

17 Beekman Place.
4® W est 125th Street.
37 B arclay Street.
2 R e cto r Street.

A SSE TS

L oans on bond and m ortga ge.................................................................
L oan s on sh a res............................................................................................
C on tra cts fo r th e sale o f rea l e sta te ............................. „ ...................




$ 2 6 8 ,0 2 5 00
1 3 ,34 7 00
5 ,9 0 0 00

N ew Y ork County
R eal E sta te ................................................................................................
Cash on hand and in b a n k ................................................... ...................
In terest, prem ium , fees and fines due and u n p a id .........................
A dvances fo r ta xes, insurance, e t c ........................................................

241
$20,6 7 3
21, 387
1 ,2 4 4
80

77
84
97
00

$339,658 58
L IA B IL IT IE S

D ue shareh olders, d u es..............................................................................
D ue shareholders, dividen ds cred ited ....................................................
B alance to be paid b orrow ers on m ortgage lo a n s...........................
U n divided p rofits .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w )..................
R eal estate co n tra ct...................................................................................
Suspense a ccou n t .......................................................................................
S p ecial dep osits .........................................................................................

$261,497
5 4 ,2 7 8
3, 700
651
1 8 ,0 0 0
1, 320
198
12

21
87
00
88
00
00
08
54

$339, 658 58
R E C E IP T S

Cash on hand Jan u ary 1, 1915...............................................................
D ues cred ited to m em bers.......................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta te .. .
L oans on shares re p a id ............................................................................
R eal e s t a t e ......... ..........................................................................................
Pees r e c e iv e d ................................................................................................
P in es received ..............................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R ent r e c e iv e d ................................................................................................
D ividends retained on w ith d raw als......................................................
R eal estate co n tra ct..................................................................................
S p ecial dep osits .........................................................................................

$ 1 0 ,6 9 0
7 0 ,2 5 3
31, 750
12, 761
113
8
366
14, 443
5, 717
650
1,251
230
553

28
38
00
00
40
00
93
45
47
00
20
00
25

$148,794 36
D ISBU RSEM EN TS

Loaned on m ortga ge...................................................................................
Loaned on sh a res.................................. ....................................................
Dues rep aid on w ith draw al, o r a p p lied on lo a n s.............................
P a id m atured sh ares.................................................................................
D ividends p aid on w ith draw al, o r app lied on lo a n s ........................
Cash dividen ds paid on incom e and accu m u lative prepaid shares
P a id salaries and clerk -h ire...................................................................
P a id a dvertisin g, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id rep airs to rea l esta te .....................................................................
P a id ta xes, in su rance, e tc .......................................................................
P a id bankin g departm ent, exa m in a tion .............................................
P a id bankin g departm ent, assessm ent...............................................
O fficers’ b o n d s ......................
A dvances fo r ta x es, in su rance, e tc ........................................................
S pecial d ep osits .........................................................................................
C om m ission fo r ren tin g rea l esta te......................................................
L egal services ..............................................................................................
O ffice rep airs and in su ra n ce...................................................................
H eatin g and lig h tin g ...................................................................................
Cash on hand D ecem ber 31, 1915........................................................




$43, 800
8, 912
32, 455
29, 750
3, 682
620
3, 890
380
717
1, 359
69©
85
23
60
45
584
14
97
94
134
21, 387

00
00
55
00
78
42
00
85
50
34
12
50
80
00
20
11
55
50
29
01
84

$148,794 36

242

R epoet on Savings and L oan A ssociations

F la n , seria l. P a r va lu e o f shares, $200 and $250. In stalm en ts are 20 cents
and 25 cen ts w eekly.
Shares in fo rce Janu ary 1 ,1 0 1 5 , 5 ,601; shares issued du rin g th e y ea r, 1,356;
shares w ith draw n du rin g th e yea r, 1,393; shares in fo rce , 5,564. B orrow in g
m em bers, 105, h old in g 1,243 sh a res; n on -borrow in g m em bers, 500, h oldin g
4,321 shares. Fem ale shareh olders, 240, h old in g 1,508 shares. T ota l dividen ds
cred ited m em bers du rin g th e year on in stalm en t shares, $14,254.85; ra te, 6
p er cen t. T ota l dividen ds cred ited o r p a id in cash to m em bers du rin g th e year
on oth er shares, $620.42; ra te, 5 per cen t.
N o u n paid w ith draw als. A m oun t o f shares m atured du rin g th e yea r,
$29,750. O perating expenses, a s defined in section 390 o f th e B an kin g L aw ,
in cu rred ana p a id du rin g th e yea r, $5,201.20. U n paid, none.
P rem ium p la n , in stalm en t. In terest p a id b y b orrow in g m em bers, 5 per cen t.
Prem ium pa id by b orrow in g m em bers, 40 cen ts per share.
L oa n s have been m ade in B ron x, K in gs, N assau, N ew Y ork , Queens, R ich ­
m ond and W estchester cou n ties, N ew Y ork S ta te and in C on n ecticu t and
N ew Jersey. L a rgest m ortgage loa n ou tsta n d in g, $11,«>0. M ortgages in force
in N ew Y ork 'State, $258,275. N o foreclosu res du rin g th e year.

THE NEW YORK EDISON SAVINGS AND DOAN ASSOCIATION
•No. 124 E ast 15th street, N ew Y ork , N . Y .
[O rganized under L aw o f 1910.
Officers
Names
President......................
fin a n c ia l S ecretary..
T reasurer....................
A ttorneys......................

Commenced business 1912]
Post-office addresses

A R T H U R W IL L I A M S . .......... .. . ...
J. C. ROBINSON1 ..............................
.
A D O L P H H E R T Z ............. . . . ...........
BE A R D SLE Y , HEM M ENS &
T A Y L O R .............................. ................

132 E ast 15th Street.
132 E ast 13th Street.
132 E ast 15th Street.
60 W all Street.

A SSE TS

L oa n s on bond and m ortg a g e....................................
L oan s on sh a res...............................................................
Shares o f L an d B ank o f S ta te o f N ew Y o r k —
C ash on hand and in b a n k .........................................
In stalm en ts due and u n p a id ................................
In terest, prem ium , fees and fines due and u n paid
A dvances fo r ta x es, in su rance, e tc .......................
In terest accru ed .............................................................

$ 2 8 4 ,1 6 5
1 7 ,0 8 9
1 ,0 0 0
3*826
600
203
4 83
262

00
85
00
21
00
73
02
18

$ 3 0 7 ,6 2 0 90
L IA B IL IT IE S

....................................
D ue shareh olders, d u es.................... ^
D ue shareh olders, dividen ds cred ited .........................
B orrow ed m oney ...................................................................
U n divided p rofits ................................................................. ..
G uaran ty fun d (a s per section 392 o f B an kin g L aw )
In terest prepa id ......................................................................
S p ecia l dep osits ................................................................... ..

$271, 503
1 0 ,0 7 4
1 5 ,0 0 0
423
1 ,4 4 0
47
50

25
89
00
99
86
00
00

$ 3 0 7 ,6 2 0 99

RECEIPTS
Cash on hand Jan u ary 1, 1015.............................................................
D ues cred ited to m em bers........................................................................
M oney borrow ed ............................................................................ .............
M ortgages redeem ed, foreclosed o r tran sferred t o rea l e s ta t e ..
L oan s on shares rep a id ..............*.................................. '•..........................
F in es received ...........................................- .................................................
In terest r e c e iv e d .........................................................................................
D ividen ds retain ed on w ith d ra w a ls.................................... ...............




$ 5 ,9 2 5
221,53:1
3 2 ,0 0 0
100
2 4 ,5 3 8
116
1 3 ,7 2 7
428

14
03
00
00
25
88
56
18

243

N ew Y oke County
A dvances repaid .........................................................................................
S p ecial dep osits ........................................................................................
In terest prepa id .........................................................................................

1530 03
831 61
47 00
$209,571 58

DISBURSEMENTS
Loaned on m ortga ge...................................................................................
L oan ed on sh a res.........................................................................................
D ues rep aid on w ith draw al, o r app lied on lo a n s.............................
•Dividends p a id on w ith draw al, or app lied on lo a n s....................
Cash dividen ds p a id on incom e and accu m u lative prepaid shares
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rior m ortga ges..............
A dvances fo r ta xes, insurance, e tc ......................................................
S p ecia l dep osits .........................................................................................
Shares o f L and B a n k ................................................................................
In terest return ed .......................................................................................
F ire loss .......................................................................................................
Cash on hand D ecem ber 31, 1915........................................................

$ 1 28,015
31,281
109,167
2 ,2 2 4
2 2 ,0 0 0
327
956
681
1 ,0 00
1
35
3 ,8 2 6

00
85
33
52
55 00
00
88
09
61
00
00
00
21

$209,571 58
P lan , seria l. P a r valu e o f shares, $100 and $200. In stalm en ts are 25 cents
w eekly o r $1 m on th ly.
Shares in force Jan u ary 1, 1915, 9 ,3 4 8 ; shares issued du rin g th e yea r, 4,5 23 ;
shares w ith draw n du rin g the yea r, 3 ,8 88 ; shares in force, 9,983. B orrow in g
m em bers, 328, h old in g 2,921 sh a res; n on -borrow in g m em bers, 1,433, h oldin g
7,062 shares. Fem ale shareh olders, 185, h old in g 851 shares. T ota l dividen ds
cred ited m em bers d u rin g th e yea r on in stalm en t shares, $11,435.50; ra te, 5%
per cen t., 6*4 per cen t, and 6 % per cen t. T o ta l dividen ds cred ited or paid
in cash to m em bers du rin g th e yea r on oth er shares, $1,707.53; ra te , 5 per
cent, to 6 % per cen t.
N o u npaid w ith draw als. O perating expenses, as defined in section. 390 o f
th e B anking L aw , in curred and p a id du rin g th e yea r, none. U npaid, none.
N o prem ium plan . In terest pa id b y borrow in g m em bers, 6 per cent.
N o prem ium ch arged.
L oans have been m ade in B ron x, K in gs, N assau, N ew Y ork , Queens, R ich ­
m ond and W estch ester cou n ties, N ew Y ork S tate and in N ew J ersey. L argest
m ortgage loan ou tsta n d in g, $7,500. M ortgages in force in N ew Y ork S tate,
$209,910. N o foreclosu res du rin g th e year.

POLONIA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 107 E a st Seventh street, N ew Y ork , N . Y .
[Organized under Law o f 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
A ttorney.....................

Commenced business 1903]

Names
LEON F. W AZETBR..................
IGNATIUS W. RAITH ...............
ANTONI CHOTKOWSKI.............
FRANCIS X . W AZETER.............

Post-office addresses
424 East Ninth Street.
130 East Third Street.
104 E ast Seventh Street.
130 East Seventh Street.

ASSETS
Loans on bond and m ortga ge.................................................................
L oans on sh a res............................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................




$20,9 0 0
160
4 ,8 9 1
108
75

00
00
48
08
00

$ 26,134 56

244

R epoet on S avings and L oan A ssociations
LIA B ILITIE S

D ue shareholders, dues ............................................................................
D ue shareholders, dividen ds cred ited ....................................................
U n divided p rofits .......................................................................................
G uaran ty fu n d (a s per section 302 o f B anking L a w )................
Suspense a ccou n t .......................................................................................

$ 3 4 ,6 7 0
183
830
348
03

41
33
68
07
07

$ 2 6 ,1 3 4 56
RECEIPTS
G ash on hand Jan u ary 1, 1015...............................................................
D ues cred ited to m em b ers.......................................................................
M ortgages redeem ed, foreclosed o r tran sferred t o rea l e s ta te ..
L oans on shares re p a id ..............................................................................
R ea l estate s o ld ............................................................................................
In terest received ..........................................................................................
A dvances rep aid .........................................................................................
Suspense a ccou n t .......................................................................................
D ivid en d s, p rofit and lo s s ........................................................................
G u aran ty fu n d, p ro fit and lo s s .............................................................

$694
2 ,4 7 8
2 ,2 0 0
36
413
1 ,1 7 2
21
70
781
41

02
00
00
00
50
05
62
00
41
50

$7, 878 00
DISBURSEMENTS
D ues rep aid on w ith draw a l, o r applied on lo a n s ......... .................
D ividen ds p a id on w ith draw al, o r a p p lied on lo a n s .......................
Gash dividen ds pa id on incom e and a ccu m u lative p rep a id shares
■Paid sa la ries and clerk -h ire ...................................................................
P a id ren t .......................................................................................................
P a id taxes, in su rance, e tc ........................................................................
P a id ban kin g departm ent, exa m in a tion .............................................
P a id bankin g departm ent, assessm ent...............................................
A dvances fo r ta xes, in su rance, e tc ......................................................
P ro fit and loss, d iv id en d s........................................................................
P ro fit and loss, gu aran ty fu n d ...............................................................
E xch ange .......................................................................................................
S undries .........................................................................................................
Cash on hand D ecem ber 31, 1015..........................................................

$5, 623 00
32 54
606 75
250 00
60 00
224 81
16 55
3 06
8 25
781 41
41 50
10
32 85
108 08
$ 7 ,8 7 8 00

P la n , perm anent. P a r valu e o f shares, $100. In stalm en ts are 25 cents
w eekly.
S h ares in fo rce Jan u ary 1, 1015, 5 5 4 ; shares issued du rin g th e yea r, 1 6 ;
shares w ith draw n du rin g th e yea r, 9 7 ; shares in force, 473. B orrow in g mem­
b ers, 4, h old in g 39 sh a res; n on -borrow in g m em bers, 77, h old in g 437 shares.
Fem ale shareh olders, 51, h old in g 306 shares. T ota l dividen ds cred ited mem­
b ers du rin g th e yea r on in stalm en t shares, $58.66; ra te, 3 p er cen t. T ota l
dividen ds cred ited o r p a id in cash to m em bers du rin g th e yea r on oth er shades,
$722.75; ra te, 3 per cent.
N o u n paid w ith draw als. O perating expenses, as defined in section 300 o f
th e B an kin g L aw , in cu rred and p a id du rin g th e yea r, $342.85. U n paid, none.
N o prem ium plan . In terest p a id b y b orrow in g m em bers, 6 per cen t. 'No
prem ium charged.
Loans' have been m ade in New Y ork and W estchester cou n ties, N ew Y ork
S ta te. L a rgest m ortgage loan ou tstan din g, $6,500. M ortgages in fo rce in
N ew Y ork S ta te, $20,000. N o foreclosu res du rin g th e year.




245

N ew Y ork County

RAILROAD BROTHERHOODS* SAYINGS AND BUILDING ASSOCIATON
N o. 505 F ifth avenue. N ew Y ork , N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
A ttorney.....................

Commenced business 1891 ]

Names
Post-office addresses
EPHRAIM I. BAK ER................................ 805 F ifth Avenue.
MICHAEL J . O’BRIEN ............................ 505 F ifth Avenue.
JOHN J. MoGRAN®................................ 505 F ifth Avenue.
W ILLIAM LANGDON................................ 2 Rector Street.

ASSETS
L oan s on bond and m ortga ge.................................................................
Cash on hand and in b a n k .....................................................................

$ 1 1 1,6 5 0 00
9 ,7 6 3 16
$121,413 16

LIA B ILITIE S
D ue shareholders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited ....................................................
U n divided p rofits .......................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w )................

$ 8 9 ,6 5 5
21, 731
2, 49®
7 ,5 2 6

51
42
35
88

$ 1 2 1,4 1 3 16
RECEIPTS
Cash on hand Janu ary 1, 1915............................................................
D ues cred ited t o m em bers........................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeem ed, forclosed o r tran sferred to rea l e s ta te .. . .
F ines received
.........................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .............................................................................. ........

$ 6 ,5 5 0
4 6 ,1 9 2
5 ,0 0 0
1 8 ,15 0
3
5, 551
2, 710

43
97
00
00
15
41
47

$ 8 4 ,1 5 8 43
DISBURSEMENTS
Loaned on m ortga ge..................................................................................
D ues rep aid on w ith draw al, o r app lied on loa n s.............................
D ividends p a id on w ith draw al, o r applied on lo a n s......................
P a id borrow ed m oney and p rio r m ortga ges......................................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P a id sa laries and clerk -h ire.....................................................................
P a id a dvertisin g, p rin tin g and p osta g e...............................................
P a id ren t .......................................................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent.................................................
O fficers’ bonds ..............................................................................................
S tate and M etropolitan L eague d u es....................................................
N ota ry’s fees and revenue sta m p s........................................................
S a f e .........................................................................
Cash on hand D ecem ber 31, 1915........................................................

$ 2 3 ,0 0 0
3 8 ,62 8
5 ,5 2 6
5, 000
102
1 ,6 06
133
300
18
9
20
11
5
35
9, 763

00
42
67
00
25
25
30
00
00
03
00
25
10
00
16

$ 8 4 ,1 5 8 43
P lan , perm anent. P a r valu e o f shares, $200. In stalm en ts are $1 m onthly.
Shares in force J an u ary 1, 1915, 2 ,3 89 ; shares issued du rin g th e yea r,
3 99; shares w ith draw n du rin g th e yea r, 5 2 ; shares in fo rce , 2,736. B orrow in g
m em bers, 44, h old in g, 505 sh ares; n on -borrow in g m em bers, 286, h old in g 2,231
shares. Fem ale shareh olders, 114, h old in g 734 shares. T ota l dividends
cred ited m em bers du rin g th e yea r on in stalm en t shares, $5,611.71; ra te, 6
per cen t.




246

R eport on Savings and L oan A ssociations

N o u n pa id w ith draw als. O peratin g expenses, a s defined in section 300 o f
th e B anking L aw , in cu rred and p a id du rin g th e year, $2,075JO . U n paid, none.
P rem ium p la n , in stalm en t. In terest p a id b y borrow in g m em bers, 5 per
cen t. P rem ium p a id b y b orrow in g m em bers, 2 % per cen t.
L oans have been m ade in K in g s, Queens and B ocklan d cou n ties, New Y ork
S ta te, and in N ew Jersey. L a rg est m ortgage loan ou tsta n din g, $7,500. M ort­
gages in force in New Y ork S tate, $73,050. N o foreclosu res d u rin g th e year.

THE RALR0AD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 10® P ark avenue, N ew Y ork , N . Y .
[Organized under Law o f 1851. Commenced business 1890]
Officers
Names
Post-office addresses
President....................
JOHN F. FAIRLAM B................................... Yonkers, N. Y.
Secretary..................... GEORGE A . M ARTIN................................... Yonkers, N. Y.
Treasurer...................
ALONZO H . JOSEPH................................... Yonkers, N. Y.
A ttorney...................... EDWIN J. CRANDALL................................. New York, N. Y,
ASSETS
L oan s on bond and m ortga ge................................................................... $ 1 ,7 1 5 ,0 7 5 47
L oan s on sh a res............................................................................................
54,29® 41
S tock s and b on d s..........................................................................................
2 9 ,0 4 4 26
C on tra cts fo r th e sale o f rea l esta te ....................................................
5 ,1 2 2 74
R eal e s t a t e ....................................................................................................
15, 625 91
C ash on hand and in b a n k ......................................................................
5 ,6 2 1 42
F u rn itu re and fix tu re s..............................................................................
750 00
In terest and prem ium u n p a id .................................................................
3 ,§ 8 4 96
$1, 8 2 9 ,1 1 8 16
L IA B IL IT IE S

D ue shareh olders, d u es............................................................................ $ 1 ,6 5 0 ,7 3 8
D ue shareh olders, dividen ds cred ited ...................................................
8 0 ,6 5 4
B orrow ed m o n e y ..........................................................................................
3 2 ,0 0 0
7 ,6 2 0
U n divided p rofits ...................................................................................
G u aran ty fu n d (a s per section 392 o f B anking L a w )....................
5 6 ,3 0 0
S u sp en se..........................................................................................................
413
S p ecia l d ep osits ..........................................................................................
1, 391

29
32
00
27
00
47
81

$ 1 ,8 2 9 ,1 1 8 16
R E C E IP T S

C a d i on hand Janu ary 1, 1915...............................................................
D ues cred ited to m em bers........................................................................
M oney b orrow ed .........................................................................................
M ortgages redeem ed, forclosed o r tran sferred t o rea l e s ta t e .. . •
L oan s on shares rep a id ...............................................................................
R ea l estate s o ld ............................................................................................
F in es received ..............................................................................................
In terest received .......................................................................................
P rem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ................................................................................................
D ivid en d s retain ed on w ith d ra w a ls....................................................
A dvances rep aid ..........................................................................................
B onds sold ............................................. .......................................................
S p ecial d ep osits ..........................................................................................
R eal estate co n tra cts...................................................................................
C o m m issio n s..................................................................................................
M isce lla n e o u s.................................................................................................




$3, 380
5 0 0 ,5 8 6
9 5 ,2 0 0
166,176
4 4 ,6 8 8
2 1 ,2 0 7
204
9 6 ,5 5 4
166
232
379
1 ,6 1 5
2, 000
11,442
46®
602
1 ,9 3 4

74
76
00
69
63
56
50
51
41
94
91
65
00
66
09
34
12

$ 9 4 6,8 3 6 51

N ew Y ork County
DISBURSEMENTS
L oaned on m ortga ge...................................................................................
Loaned on sh a res.........................................................................................
D ues rep aid on w ith draw a l, o r app lied on lo a n s .............................
P a id m atured sh a res..................................................................................
D ividen ds p a id on w ith draw al, o r app lied on loa n s....................
Cash dividen ds p a id on in com e and accu m u lative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rio r m ortga ges......................................
P a id in terest on b orrow ed m oney and p rio r m ortga ges............
P a id fo r rea l e s ta te ...................................................................................
P a id sa la ries and clerk -h ire .....................................................................
P a id ad vertisin g, p rin tin g and p osta g e...............................................
P a id ren t .......................................................................................................
P a id ta xes, in su rance, e tc ..........................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent.................................................
A dvances fo r ta xes, in su rance, e tc ........................................................
R ecord in g ta x es .........................................................................................
S p ecia l dep osits ...................................
D irectors’ f e e s ........................................
A u d itin g ..........................................................................................................
O ffice e x p e n s e s ..............................................................................................
M iscellan eous . ..................................................................................
C ash on hand D ecem ber 31, 1915..........................................................

247
$ 3 91,167
6 7 ,5 3 2
3 5 6 ,2 3 4
9 ,5 8 1
9, 550

65
86
18
40
71

56
6 7 ,2 0 0
353
2 3 ,4 5 7
8 ,2 1 4
375
930
513
96
113
1 ,537
1, 799
1 0 ,49 6
492
265
675
542
5 ,6 2 1

36
00
50
79
64
30
96
08
00
54
96
00
80
00
00
33
03
42

$946, 836 51
P lan , perm anent. P a r valu e o f shares, $200. In stalm en ts are $1 m onthly.
Shares in force Jan u ary 1, 1915, 3 7,928; shares issued du rin g th e y e a r,.
12,046; shares w ith draw n du rin g th e yea r, 4 ,0 9 1 ; shares in force, 45,883.
B orrow in g m em bers, 481, h old in g 7,647 sh a res; n on -borrow in g m em bers, 2,917,
h old in g 38,236 shares. N o record o f fem ale shareholders. T ota l dividen ds
cred ited m em bers du rin g the year on in stalm en t shares, $23,931.06; ra te, 6
per cen t. T ota l dividen ds cred ited or pa id in cash to m em bers du rin g th e year
on oth er shares, $55,443.89; ra te, 5 per cen t.
N o u n paid w ith draw als.
A m ount o f shares m atured du rin g th e yea r,
$9,581.40. O perating expenses, as defined in section 390 o f th e B an k in g Law ,
in curred and paid du rin g th e yea r, $11,706.03. U n paid, none.
•Premium plan , instalm en t. In terest p a id by b orrow in g m em bers, 6 per cen t.
Prem ium p a id b y b orrow in g m em bers, 4 0 cents per share.
Loans have been m ade in K in gs, N assau, N ew Y ork , P utnam , Queens, R ich ­
m ond, R ocklan d, S u ffolk and W estchester cou n ties, N ew Y ork S ta te, and m
New Jersey. L a rg est m ortgage loan ou tsta n din g, $19,000. M ortgages in
force in N ew Y ork S ta te, $1,356,746.01. Three foreclosu res du rin g th e year.

RUSAL SAVINGS AND LOAN ASSOCIATION
N o. 333 W est 30th street, N ew Y ork , ‘N . Y .
[O rganized under Daw o f 1914. Commenced business 1914]
Officers
Names
Post-office addresses
President..................... JOHN J. DIDLON..........................
903W est End Avenue.
511W est 113th Street.
Secretary..................... M. GERTRUDE KEYES....................
Treasurer...................
FERNAND DE GROOF......................
301W est 113th Street.
A ttorney.....................
JOHN E. CONNEDDY......................... 27W illiam S treet
ASSETS
Loans on bond and m ortga ge...................................................................
$ 6 ,5 0 0 00
Cash on hand and in b a n k .......................................................................
1 ,1 3 6 3®
'Interest accru ed .......................................................................................
47 66




$ 7 ,6 8 4 05

248;

K eport oh Savings and L oan A ssociations

LIA B ILITIE S
D ue shareh olders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited .................................... , .............
U n divided p rofits ........................................................................* .............
G u aran ty fun d (a s per section 392 o f B anking L a w )........... ....
D ues p a id in advan ce............................. ..................................... ; ...........

$ 7 ,5 9 6 00
52 14
03
2 78
32 50
$ 7 ,6 8 4 OS

RECEIPTS
Cash on hand J an u ary 1, 1915...................................... .....................
D ues cred ited to m em bers........................................................ , .............
In terest r e c e iv e d ..........................................................................................
D ues p a id in a dva n ce.................................................................................

$160
7 ,5 9 0
19
32

00
50
94
50

$ 7 ,8 1 1 94
DISBURSEMENTS
L oan ed on m ortga ge................................................................... ...............
D ues rep aid on w ith draw al, o r a p p lied on lo a n s ...........................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent...............................................
O fficers’ bonds .............................................................................................
P e e s ...................................................................................................................
M iscellan eous expenses ............................................................................
Cash on hand D ecem ber 31, 1915..........................................................

$ 6 ,5 0 0
163
6
1
2

00
50
80
01
00
50
1 74
1 ,1 3 6 39

$ 7 ,8 1 1 94
P la n , perm anent. P a r valu e o f shares, $100. In sta lm en ts are 50 cen ts
m on th ly.
Shares in force J a n u a ry 1, 1915, 3 3 8 ; shares issu ed du rin g th e yea r, 1 62;
shares w ith draw n du rin g th e yea r, 3 6 ; sh ares in fo rce , 464. B orrow in g
m em bers, n on e; n on -borrow in g m em bers, 39, h old in g ! 464 shares.
Fem ale
shareh olders, 10, h old in g 76 shares. T o ta l dividen ds cred ited m em bers d u rin g
th e yea r on in stalm en t shares, $ 36.84; ra te, 3 per cen t. T ota l dividen ds
cred ited o r p a id in cash to m em bers d u rin g th e y ea r on oth er shares, $ 1 4 .9 6 ;
ra te, 2 % per cen t, and 3 per cen t.
N o u n paid w ith draw als. O peratin g expenses, as defined in section 390
o f th e B anking (Law, in cu rred and pa id d u rin g th e yea r, $4.24. U n paid,
none.
P rem ium p la n , in stalm en t. In terest p a id b y b orrow in g m em bers, 6 per
cen t. N o prem ium charged.
L oan s have been m ade in th e S ta te o f N ew Jersey. L a rg est m ortga ge loan
ou tsta n d in g, $6,500. ‘N o m ortgages in fo rce in N ew Y ork S tate. N o fo re ­
closu res d u rin g th e yea r.

SCANDINAVIAN BUILDING AND MUTUAL LOAN ASSOCIATION OF
NEW YORK AND BROOKLYN
N o. 207 E ast F ifty -s ix th street, N ew Y ork , N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced
Names
AUGUST HALLBILOM................
CHARLES G. EDLING................ *
ALBERT HANSEN......................
CHARLES W. L1BM AN .............

ASSETS
C on tra cts fo r th e sale o f rea l estate
R eal e s t a t e ...............................................




business 18081
Post-office addresses
46 Vesey Street.
64 W hite Street.
1380 Flym pton Street.
371 Fulton St., B rooklyn.

$1,000 00
4 ,7 3 1 64

249

H ew Y ork County
Cash on hand and in b a n k .......................................................................
F u rn itu re and fix tu res................................................................... ..........
Suspense accou n t .......................................................................................

$782 07
50 00
134 50
$ff, 008 30

LIA B ILITIE S
D ue shareholders, d u es..............................................................................
D ue shareholders, m atured sh a res........................................................
D ue shareh olders, dividen ds cred ited ...................................................
G uaranty fu n d (a s per section 392 o f B anking L a w )................

*$ 4 ,0 6 0
1 ,3 8 5
1 ,1 0 5
146

45
77
87
21

$ 6 ,6 9 8 30
RECEIPTS
Cash on hand Janu ary 1, 1915............................................................
D ues cred ited to m em b ers......................................................................
M ortgages redeem ed, foreclosed or tran sferred to rea l e s ta te ..
L oan s on shares rep a id .............................................................................
In terest received .......................................................................................

$275
138
8, 000
335
351

76
16
00
00
66

$ 9 ,1 0 0 58
DISBURSEMENTS
D ues rep aid on w ith draw al, or a p p lied on lo a n s...........................
P a id m atured sh a res...................................................................................
D ividends paid on w ith draw al, or app lied on lo a n s....................
P a id sa laries and clerk -h ire.....................................................................
P a id a dvertisin g, p rin tin g and p osta g e.......................................
P a id ren t .......................................................................................................
P a id ta xes, in su rance, e tc ..........................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent...............................................
O fficers’ bonds .................................................
S treet assessm ents .....................................................................................
Cash on hand D ecem ber 31, 1915..........................................................

$ 5 ,210i 36
761 75
1 ,3 9 0 91
36 00
62 00
26 25
183' 57
1600
2 03
12 00
617 ff4
782 07
$ 9 ,1 0 0 58

P la n , seria l. P a r valu e o f shares, $200. In stalm en ts are $1 m on th ly.
Shares in force J a n u a ry 1, 1915, 1 2 0 ; shares issued du rin g th e year, n on e;
shares w ith draw n du rin g th e yea r, 4 0 ; shares in force, 80. B orrow in g mem­
bers, n on e; n on -borrow in g m em bers, 14, h old in g 80 shares. Fem ale share­
h olders, 1, h old in g 5 shares.
N o unpaid w ith draw als. O peratin g expenses, as defined in section 390
o f th e B anking L aw , in cu rred and p a id du rin g the yea r, $136.25. U n paid,
none.
N o prem ium plan . In terest paid b y borrow in g m em bers, 6 per cen t. N o
prem ium charged.
N o m ortgage loan s ou tstan din g. N o foreclosu res du rin g the yea r.

SERIAL BUILDING, LOAN AND SAVINGS INSTITUTION
N o. 16 D ey street, N ew Y ork , N Y .
[Organized under Law o f 1851. Commenced business 1885]
Officers
President.. .
Secretary.. .
A ttorney. . .

Names
A. G. SAYLOR.............
EDWIN F. HOWELL.
JOHN T . M U LH ALL..

P ost-office addresses
----1® ©ey Street.
----1® Dey Street.
----20® Broadway.

A SSE TS

L oan s on bond and m ortgage
L oan s on sh a res.........................




$ 8 4 6,0 8 8 78
1 7 ,2 8 4 75

250

R epost of Savings and L oaf A ssociations

Shares o f L and B ank o f S ta te o f N ew Y o r k ................ .................
C on tra cts fo r th e sa le o f rea l esta te...................................................
B ea l e s t a t e ....................................................................................................
C ash on hand and in b a n k .: ............................................... .................
F u rn itu re and fix tu res..............................................................................
A dvances fo r ta xes, in su rance, e tc ........................................................

$10, 000
11, $98
1ft, *02
1 0 ,0 3 0
400
5 ,9 0 7

00
0®
85
36
00
81

$920,612 64

LIABILITIES
D ue shareh olders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited ........................... ....................
B alance to be pa id borrow ers on m ortgage lo a n s...........................
P rio r m ortgages .........................................................................................
U n divided p rofits .......................................................................................
G u aran ty fun d (a s per section 302 o f B anking L a w )................
M a tu rity f u n d ............................................................................ ;.................

$ 7 8 0 ,1 2 0
57, $83
22, Oil4
14, 300
2 1 ,8 7 8
3 0 ,6 0 0
416

6ft
13
00
00
68
00
17

$ 9 2 0 ,6 1 2 64

BECEIPTS
C ash on hand J an u ary 1, 1915............................................................
D ues cred ited to m em bers........................................................................
P rio r m ortgages .........................................................................................
M oney borrow ed .........................................................................................
M ortgages redeem ed, forclosed o r tran sferred to rea l e s ta te ..
L oan s on shares r e p a id ........................................................... .................
R ea l estate s o ld ............................................... .......................... L...............
In terest received .......................................................................
P rem ium r e c e iv e d ..............................................
B en t, r e c e iv e d .............................................................................. » ...............
A dvances rep aid .........................................................................................
M isce lla n e o u s................................................................................

$ 3 1 ,0 4 7 26
2 6 8 ,2 6 3 31
5, 500 00
1 0 ,0 0 0 00
6 6 ,7 6 1 95
15,41® 78
2 ,3 2 3 67
4 5 ,6 4 0 11
166 26
53 50
6 ,0 8 2 47
79 84
$451,347 15

DISBURSEMENTS
L oaned on m ortga ge................................................................. .................
lo a n e d on sh ares.........................................................................................
D ues rep aid on w ith d raw a l, o r app lied on lo a n s.............................
D ividends pa id on w ith draw a l, o r a p p lied on lo a n s .. ; ..............
Cash dividen ds p a id on incom e and accu m u lative j prepaid
shares . . .
.............................................................................. i ...............
P a id borrow ed m oney and p rio r m ortga ges.................... , ...............
P a id in terest on borrow ed m oney and p rio r m ortga ges................
P a id fo r rea l esta te................................................................... .................
P a id salaries and cle rk -h ire .....................................................................
P a id advertisin g, p rin tin g and p osta g e...........................
P a id rep airs t o rea l esta te......................................................................
P a id ta x es, in su rance, e tc ..........................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent...............................................
O fficers’ bonds ..............................................................................................
A dvances fo r ta x es, in su rance, e tc ..........................................
Shares o f L an d B a n k ..................................................................
M isce lla n e o u s..................................................................................
C ash on hand D ecem ber 31, 1915..........................................................

$120, 563
2 2 ,0 0 0
1 8 5 ,5 6 2
1 5 ,3 0 8

50
25
29
64

1 4 ,49 0
4 2 ,9 0 0
935
2 ,9 8 9
4 ,5 9 4
707
454
2 ,3 1 8
71
62
22
8 ,8 6 5
1 0 ,0 0 0
469
1 9 ,0 3 0

63
00
93
37
00
90
86
11
50
45
75
16
00
45
36

$ 4 5 1,3 4 7 15

P la n , perm anent.
$1 m on th ly.




P a r va lu e o f shares, $100 and $200,

In stalm en ts are

251

H ew Y oke County

Shares in force J a n u a ry 1, IM S , 10,530; shares issued du rin g th e year,
5,8 00 ; shares w ith draw n du rin g th e yea r, 3,208; shares in force, 22,212.
B orrow in g m em bers, 315, h old in g 2,818 sh a res; n on-borrow ing m em bers, 2,323,
h old in g 19,394 shares.
Fem ale shareholders, 1,367, h old in g 9,745 shares.
T ota l dividen ds cred ited m em bers du rin g th e yea r on in stalm en t shares,
$8,357.60; ra te, 5 per cen t. T ota l dividen ds cred ited o r paid in cash to
m em bers d u rin g th e yea r on oth er shares, $27,355.36; ra te, 4 per cen t, and
5 per cen t.
N o u n paid w ith draw als. O perating expenses, as defined in section 390
o f th e B anking L aw , in cu rred and p a id du rin g th e year, $5,794.10. U npaid,
none.
Prem ium plan , in stalm en t. In terest p a id b y b orrow in g m em bers, 6 per
cen t. N o prem ium charged.
L oans have been m ade in B ron x, K in g s, N assau, N ew Y ork , O range, Queens,
R ichm ond, R ocklan d, 'S uffolk and W estchester cou n ties, New Y ork S ta te, and
in N ew Jersey. L a rg est m ortgage loan ou tsta n din g, $6,962.88. M ortgages
in fo rce in N ew Y ork S ta te, $344,337.21. One foreclosu re du rin g th e year.

SHERMAN PARK BAU-VEREIN No. 1
N o. 222 E ast F orty-secon d street, N ew Y ork , N . Y
(O rganized under L aw o f 1861.
Officers

President.....................
Secretary...................
Treasurer..................
Attorneys...................

Commenced business 1892]

Names

Post-office addresses

ERNST PROBST.............................
JOHN EISENHAUER....................
FRANK FAULHABER...................
BARRETT & BUCKBEE............... .

Elmhurst, N. Y.
244 East 30th Street.
307 East 92nd Street.
White Plains, N. Y.

ASSETS
L oan s on bon d and m ortga ge...............................................
L oans on sh a res..........................................................................
Cash on hand and in b a n k ....................................................

$9,200 00
150 00
947 55
$10,297 55

L IA B IL IT IE S

D ue shareh olders, d u es............................................................
D ue shareh olders, dividen ds c r e d ite d .. . f .........................
B orrow ed m oney .......................................................................
U ndivided p rofits .....................................................................
G uaranty fun d (a s per section 392 o f B anking L aw ) . .
U nearned o r rebatable prem iu m ..........................................

$6,140
1, 886
800
983
258
228

75
23
00
64
01
92

$10,297 55
R E C E IP T S

Cash on hand Jan u ary 1, 1915.............................................................
D ues cred ited to m em bers.....................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta t e ..
F ines 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 .................. *
................................................................. ..
D ividends retain ed on w ith d raw a ls......................................................

$565
1 ,3 6 2
1 ,2 0 0
2
560
16
39

60
40
00
48
98
00
66

$3,74*7 12
D ISB U R SEM E N TS

Loaned on sh a res.........................................................................................
D ues rep aid on w ith draw al, or app lied on lo a n s .............................
P a id m atured sh a res...................................................................................
D ividends p a id on w ith draw al, o r a p p lied on lo a n s....................
P a id in terest on borrow ed m oney and p rio r m ortga ges................




$150
1, 368
689
473
40

00
52
55
80
00

252
P aid
P a id
P a id
P a id
C ash

R eport on S avings and L oan A ssociations
salaries and clerk -h ire...................................................................
a d vertisin g, p rin tin g and p osta g e................................i .............
bankin g departm ent, exa m in a tion ...............................................
bankin g departm ent, assessm ent..................................i .............
on hand D ecem ber 31, 1015........................................ , .............

$50 00
0 92
10 00
178
947 55
$ 3 ,7 4 7 12

P la n , seria l. P a r valu e o f shares, $200. In stalm en ts are $1 m on th ly.
Shares in force Jan u ary 1, 1015, 1 0 6 ; shares issu ed du rin g th e yea r, n on e;
shares w ith draw n du rin g th e yea r, 2 0 ; shares in force,; 86. B orrow in g mem­
b ers, 7, h old in g 34 sh a res; n on -borrow in g m em bers, 21, h old in g 52 shares.
Fem ale shareh olders, 1, h old in g 3 shares. T ota l dividen ds cred ited m em bers
du rin g th e yea r on in stalm en t shares, $46 9.6 6 ; ra te , 8 per cen t.
N o unpaid w ith draw als. A m oun t o f shares m atured du rin g th e yea r,
$689,55. (M em bership fee $1. O peratin g expenses, a s defin ed in section 300
o f th e -Banking L aw , in cu rred and p a id du rin g th e year, $50.92. U n paid,
none.
P rem ium pla n , gross. In terest p a id b y b orrow in g m em bers, 6 per cen t.
P rem ium paid b y b orrow in g m em bers, 5 per cen t, and 10 per cen t.
L oan s have been m ade in Q ueens and W estchester cou n ties, N ew Y ork S ta te.
L a rgest m ortgage loan ou tsta n din g, $2,800. M ortgages in force in N ew Y ork
S ta te, $9,200. N o foreclosu res du rin g th e year.

STAB CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 257 B roadw ay, N ew Y ork , N . Y .
[ Organized under Law o f 1851.
Officers
President......................
S ecretary.....................
Treasurer......................
A tto rn e y .......................

Commenced business 18880

Names
GEORGE H. P H IL L IP S ..................
C H R IST IA N P E T E R S E N ...............
C H R IS T IA N P E T E R S E N ................
JAM ES M . T U L L Y ............................

432
247
247
270

Post-office addresses
Central Park, W est.
B roadway.
B roadway.
Broadway.

A SSE TS

L oan s on bond and m ortga ge..........................
B ea l e s t a t e ............................................................ .
Cash on hand and in b a n k .............................

$10, 500 00
4 ,0 9 7 71
511 09
$ 1 5 ,1 0 8 80

L IA B IL IT IE S

D ue shareh olders, d u es..............................................................................
D ue shareh olders, m atured sh a res..........................................
D ue shareh olders, dividen ds cred ited ........................................
U n divid ed p ro fits ...................................................
G u aran ty ran d (a s p er section 392 o f B anking L a w )................
Suspense accou n t .......................................................................................

$ 7 ,7 0 9
2 ,2 1 1
3 ,4 0 5
156
1 ,5 2 7
8

17
30
76
60
26
62

$ 1 5 ,1 0 8 80
R E C E IP T S

Cash on hand J an u ary 1, 1915...............................................................
D ues cred ited to m em bers........................................................................
M ortgages redeem ed, forclosed o r tran sferred to rea l e s ta te .. . .
In terest r e c e iv e d .................
P rem iu m r e c e iv e d .......................................................................................
B en t received ..............................................................................................




$576 02
822 71
1 4 ,0 0 0 00
562 83
196 40
120 00
$16, m

96

253

N ew Y ork County
DISB U R SEM E N TS

Loaned on m ortg a g e..................................................................................
D ues repaid on w ith draw al, or app lied on lo a n s .
....................
D ividends p a id on w ith draw al, o r a p p lied on lo a n s ,....................
P a id borrow ed m oney and p rio r m ortga ges...............
P a id salaries and clerk -h ire .................................................................
P a id a d vertisin g, p rin tin g and p osta g e...............................................
P a id ren t .............
P a id rep airs t o rea l esta te.....................................................................
P a id ta xes, insurance, e t c ..........................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id hanking departm ent, assessm ent...............................................
O fficers’ bonds ............................................................................................
Suspense accou n t .......................................................................................
A u d it o r s ..........................................................................................................
T r u s te e s ...........................................................
N otary’ s fees .........................................................................
Cash on hand D ecem ber 31, 1915..........................................................

$2, 000
1 ,0 2 0
2, 308
1 0 ,0 0 0
105
21
24
142
03
14
2
20
19
16
6
2
611

00
00
74
00
00
50
00
45
80
50
93
00
95
00
00
00
0®

$16,2 7 7 96
P lan , perm anent. P a r valu e o f shares, $200 and $250. In stalm en ts are
$1 m onthly.
Shares in force Jan u ary 1, 1915, 1 2 9 ; shares issued du rin g th e yea r, 1 0 ;
shares w ithdraw n du rin g th e yea r, n on e; shares in force, 139. B orrow in g
m em bers, 5, h old in g 44 sh ares; n on -borrow in g m em bers, 21, h old in g 95 shares.
N o record o f fem ale shareholders. T ota l dividen ds cred ited m em bers du rin g
th e year on in stalm en t shares, $683.78; ra te, 4 % per cent.
N o u n paid w ith draw als. A m ount o f shares m atured du rin g th e year,
$1,015.29. O perating expenses, as defined in section 390 o f th e B anking Law ,
in cu rred and p a id du rin g the yea r, $192.50. U n paid, none.
Prem ium p la n , in stalm en t. In terest p a id b y borrow in g m em bers, 5% per
cen t, and 6 per cen t. Prem ium p a id b y b orrow in g m em bers, 6 cen ts to 10
eents per share per w eek.
L oan s have been m ade in th e S tate o f N ew J ersey. L a rgest m ortgage loan
ou tstan din g, $4,000. N o m ortgages in force in N ew Y ork S tate. N o fore­
closu res du rin g th e year.

STEAMSHIP CLERKS’ SAVINGS AND LOAN ASSOCIATION
P ier 14, E ast riv er, N ew Y ork* N . Y .
{ Organized under Law o f 1910.
Officers
P residen t.. .
S e cre ta ry ...
T re a su r e r .. .
A ttorn ey -----

Commenced business 1911]

Names
M ARK RO YLA N C E ............
E D W A R D J. H O P K IN S.
JOHN J. H ARRIN GTON
M A R T IN S. COH EN ------

P ost-offiee addresses
Hasbrouek Hgts., N. J.
427 W est 54th Street.
307 W . 126th Street.
302 Broadway.

ASSETS
L oans on bond and m ortga ge......................................
L oans on sh a res.................................................................
S tock and b on d s.................................................................
Cash on hand and in b a n k ..........................................
■Furniture and fix tu res....................................................
In terest, prem ium , fees and fines due and u npaid

$23, 850 00
6, 385 69
985 00
1 ,2 01 55
84 64
125 94
$32, 632 82

L IA B IL IT IE S

D ue shareholders, d u es..............................................................................
D ue shareholders, dividen ds cred ited ....................................................
P rior m ortgages .........................................................................................




$25, 393 62
962 12
4 ,0 0 0 00

254

R eport on S avings and L oan A ssociations

U ndivided p r o fit s ........................................................................................
G u aran ty fu n d (a s per section 38*2 o f B anking L a w )..................
In terest accru ed ..........................................................................................
S p ecial d ep osit ............................................................................................
Suspense accou n t .......................................................................................

$ 2 ,1 4 8
56
31
fi
34

32
34
18
70
54

$ 3 2 ,6 3 2 82
RECEIPTS
C ask on hand Jan u ary 1, 1915............................
D ues cred ited to m em bers............................................................
P rio r m ortgages ............................................................................ i............
M oney borrow ed ..........................................................................................
L oan s on shares re p a id ................................................. ............................
F in es received ..................................................................................
In terest r e c e iv e d ..........................................................................................
D ividends retained on w ith d raw a ls..........................................
A dvances rep aid ............................................................................:............
B onds sold .....................................................................................................
S p ecia l d ep osit ............................................................................................
Suspense a ccou n t .........................................................................., ...........
C on tribu tion r e fu n d e d ..................................................................1..........
P rotested c h e c k ............................................................................... , ..........

$685
1 1 ,00 6
4, 000
3 ,5 0 0
7 ,4 8 9
22
1 ,5 4 2
47
55
3 ,0 5 6
30
34
15
12

20
48
00
00
78
27
99
68
01
05
00
54
00
30

$ 3 1 ,4 9 7 30
DISBURSEMENTS
L oan ed on m ortga ge......................................................................; ..........
L oaned on sh a res............1...........................................................................
D ues rep aid on w ith draw al, o r app lied on lo a n s ................ * ..........
D ividen ds paid on w ith d raw a l, o r app lied on lo a n s..........» ..........
Cash dividen ds p a id on incom e Mid accu m u lative prepa id shares
P a id borrow ed m oney and p rio r m ortga ges......................... ■...........
P a id in terest on b orrow ed m oney and p rio r m o r tg a g e s ...............
P a id sa la ries and clerk -h ire .....................................................................
P a id ad vertisin g, p rin tin g and p osta g e...............................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent.................................................
O fficers’ bonds ..............................................................................................
A dvances fo r tax es, in surance, e tc ........................................................
S ta te and M etropolitan League dues and expenses.........................
B ond p u rch a se d ............................................................................................
S pecial d ep osit ............................................................................................
A p p ra isa ls .....................................................................................................
S a fe d ep osit b o x .........................................................................................
C ash b ox .......................................................................................................
P rotested c h e c k ............................................................................................
C ollection .......................................................................................................
In tern a l revenue s ta m p s ..........................................................................
Cash on hand D ecem ber 31, 1915..........................................................

$11, 550
7 ,9 5 6
5 ,7 1 9
234
52
3 ,5 0 0
19
65
17
26
2

00
63
71
51
70
00
17
00
15
00
58

20 00
55 01
20 14
985 00

20 00
28 30

10 00
75
12 30

10
70
1,2 01 55
$31 ,4 9 7 30

P la n , perm anent. P a r valu e o f shares, $200. In stalm en ts are 25 cen ts
w eekly.
Shares in force Janu ary 1, 1915, 7 4 7 ; shares issued du rin g th e yea r, 5 76;
shares w ith draw n du rin g th e yea r, 35 1 ; shares in fo rce , 972. B orrow in g
m em bers, 63, h oldin g 510 sh a res; n on-borrow ing m em bers, 79, h old in g 462
shares. Fem ale shareholders, 30, h oldin g 192 shares. T ota l dividends cred ited
m em bers du rin g th e yea r on in stalm en t shares, $586.93; ra te, 4 % per cen t.
T o ta l dividen ds cred ited o r p a id in cash to m em bers du rin g th e yea r on oth er
shares, $114.32; ra te, 3% per cen t, and 4 % per cent.




N ew Y oke C ounty

255

N o u npaid w ith draw als. O perating expenses, as defined in section 300 o f the
B anking Law , in cu rred and paid du rin g th e yea r, $162.14. U n paid, none.
N o prem ium plan . In terest paid by b orrow in g m em bers, 6 per cen t. N o
prem ium charged.
Loans have been m ade in K in gs, R ichm ond and W estchester cou n ties, New
Y ork S ta te, and in New Jersey. L argest m ortgage loan ou tstan din g, $6,800.
M ortgages in force in 'New Y ork State, $15,200. N o foreclosu res du rin g th e
year.

TEACHERS’ BUILDING AND LOAN ASSOCIATION OF NEW YORK CITY
N o. 405 L exin gton avenue, N ew Y ork , N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
A ttorney.....................

under Law o f 1851. Commenced business 18881
Names
Post-office addresses
JOHN P. WlATERS............................. 405
(Lexington Avenue.
JOSEPH C. COOPER......................... 405
Lexington Avenue.
SAMUEL MeC. CROSBY.................. 405
Lexington Avenue.
MAXWELL HALL E L L IO T T ___
277 Broadway.
ASSETS
L oans on bond and m ortga ge...................................................................
$385,948 26
L oans on shares .........................................................................................
10,13*1 00
4 ,9 2 2 88
C on tracts fo r th e sale o f rea l esta te.....................................................
R eal e s t a t e ....................................................................................................
110,306 00
Cash on hand and in b a n k .......................................................................
5 ,4 7 8 93
$516,787 07
L IA B ILITIE S
D ue shareh olders, d u es..............................................................................
D ue shareh olders, m atured sh a res........................................................
D ue shareh olders, dividen ds cred ited ...................................................
P rio r m ortgages .........................................................................................
B orrow ed m oney .........................................................................................
U ndivided p rofits .......................................................................................
G uaranty fun d (a s per section 302 o f B anking L a w )..................
Supsense accou n t .......................................................................................

$315, SIS'
5 4 ,7 8 5
5 9 ,9 9 5
60, 000
3 ,0 0 0
5 ,4 8 7
17,401
513

00
00
87
00
00
81
99
40

$510, 787 07
RECEIPTS
Cash on hand J an u ary 1 ,1 9 1 5 .................................................................
D ues cred ited to m em bers..........................................................................
M oney borrow ed ....................................................................................... ..
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta te .. .
L oan s on shares re p a id ..............................................................................
R eal estate s o ld ...........................................................................................
Fees received ................................................................................................
F in es receiv ed ...............................................................................................
In terest r e c e iv e d ....................................................................................... ..
Prem ium r e c e iv e d .......................................................................
R en t r e c e iv e d ................................................................................................
D ividends retain ed on w ith d ra w a ls..................................; .................
A dvances rep aid .........................................................................................
R eal estate co n tra cts..................................................................................
P rofit and lo s s ..................................................................... ..........................
Expenses rep aid .........................................................................................
S pecial d e p o s its ...........................................................................................




$ 1 9 ,4 2 4
5 6 ,5 4 5
1 5 ,00 0
2 1 ,5 2 5
5 ,9 5 0
18, 622
119
105
2 1 ,9 4 6
251
6, 369
1 ,0 8 4
44
223
1 ,091
92
50

21
00
00
50
13
49
00
31
89
80
38
44
43
41
94
60
00

$168,446 53

256

R eport on Savings and L oan A ssociations

DISBURSEMENTS
L oan ed on m ortga ge................................................................................ ..
Loaned on sh a res........................................................................:.................
D ues rep aid on w ith draw al, o r a pp lied on lo a n s.............................
P a id m atured sh ares........................... .......................................................
D ividends p a id on w ith d raw al, o r app lied on lo a n s .. , ..............
Cash dividen ds p a id on incom e and accu m u lative prepaid shares
P a id borrow ed m oney and p rio r m ortgages........................................
P a id in terest on borrow ed m oney and p rio r m ortgages................
P a id fo r rea l esta te.....................................................................................
P a id sa laries and clerk -h ire.....................................................................
P a id a d vertisin g, p rin tin g and p osta g e........................... I ...............
P a id ren t .......................................................................................................
P a id rep airs to rea l esta te ........................................................................
P a id ta x es, inusrance, e tc ........................................................ .................
P a id bankin g departm ent, exa m in a tion ...............................
P a id bankin g departm ent, assessm ent.................................................
A dvances fo r ta x es, in su ran ce, e tc ........................................ ...............
E xpense a ccou n t .........................................................................
R ea l esta te co n tra cts...................................................................................
A pp ra isa ls ......................................................................... ..........................
C on tin gen t f u n d ............................................................................................
R everted dividen ds, p ro fit and lo s s ........................................................
C ash on hand D ecem ber 31, 1815..........................................................

$40, 700
6 ,2 8 1
4 2 ,2 5 3
3 6 ,6 6 0
5 ,2 3 8
2 ,5 9 5
1 2 ,0 0 0
3 ,1 6 7
5 ,7 4 4
2 ,0 6 0
133
480
1 ,5 4 5
1 ,9 5 5
60
38
6
773
150
44
1, 007
1, 084
5 ,4 7 8

00
00
00
00
15
00
00
40
40
01
24
GO
31
47
00
13
00
10
85
60
50
44
83

$ 1 68,446 53

P la n , seria l. P a r valu e o f shares, $200. In stalm en ts are $1 m on th ly.
Shares in force J an u ary 1, 1815, 4 ,8 7 3 ; shares issu ed du rin g th e yea r, 1,070;
shares w ithdraw n du rin g th e yea r, 9 9 0 ; shares in force, 4,953. B orrow in g
m em bers, 33, h old in g 291 sh a res; n on -borrow in g m em bers, 847, h old in g 4,662
shares. Fem ale shareh olders, 775, h old in g 4,332 shares. T ota l dividen ds
cred ited m em bers d u rin g th e year on in stalm en t shares, $13,488.41; ra te, 4
per cen t. T ota l dividen ds cred ited or p a id in cash to m em bers du rin g th e yea r
on oth er shares, $ 3 2 4 ; rate, 4 per cen t.
N o u n paid w ith draw als. A m oun t o f shares m atured du rin g th e yea r, $31,680. M em bership fee, $1. O perating expenses, as defined in section 390 o f th e
B anking L aw , in cu rred and paid du rin g th e yea r, $3,116.15. U n paid, none
Prem ium plan , in stalm en t. In terest p a id b y b orrow in g m em bers, 6 per
cen t. Prem ium p a id b y b orrow in g m em bers, variou s.
L oan s have been m ade in B ron x, K in gs, N ew Y ork , Q ueens, R ich m on d and
W estchester cou n ties, N ew Y ork S ta te, and in N ew Jersey. la r g e s t m ortgage
loa n ou tstan din g, $17,250. M ortgages in force in N ew Y ork S ta te, $235,395.76.
O ne foreclosu re du rin g th e yea r.

TEACHERS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF
THE CITY OF NEW YORK
N o. 166 E a st S ix tieth street, N ew Y ork , N . Y .
[Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer...................
A ttorney.....................

Commenced business 1888]

Names
JOSEPH G. FTJRBY...............
MAGNUS GROSS......................
JOHN R . ROSS..........................
F. C. LEUBUSCHBR.............

P ost-office addresses
3035 Ocean Ave., Brooklyn.
166 East Sixtieth Street.
Fordham Square, Bronx.
258 Broadway.

ASSETS
L oan s on bon d m id m ortgage
L oan s on sh a res.........................




$ 1 2 5,6 7 0 00
957 00

N ew Y ork County
C on tracts fo r th e sale o f rea l e s ta te .................................................
R eal estate ....................................................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re and fix tu res.........................................................................
A dvances fo r ta xes, in su rance, e tc ........................................................

25*7
$ 3 ,2 7 5
1 0 ,1 5 0
1, 355
150
60

00
00
44
C)
M
49

$147,626 93
L IA B IL IT IE S

D ue shareh olders, d u es..............................................................................
D ue sh areh olders, m atured sh a res..........................................
D ue shareholders, dividen ds cre d ite d .................................................
B orrow ed m oney .........................................................................................
U n divided p rofits .....................................................................................
G uaran ty fun d (a s per section 392 o f B anking l a w ) ..................
Suspense accou n t .......................................................................................

$ 8 6 ,2 9 4
2 4 ,9 6 0
17,201
1 0 ,60 0
311
8 ,1 0 0
100

00
00
66
00
27
00
00

$ 1 4 7,6 2 6 93
R E C E IP T S

Cash on hand Jan u ary 1, 1915..............................................................
D ues cred ited to m em bers..................................................................... !
M oney borrow ed .........................................................................................
M ortgages redeem ed, foreclosed or tran sferred to rea l e s ta te ..
L oan s on shares re p a id ..............................................................................
Fees r e c e iv e d ......... ......................................................................................
F ines received ..............................................................................................
In terest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ................................................................................................
D ividends retain ed on w ith d raw a ls......................................................
A dvances rep aid .........................................................................................
D ividend, p ro fit and lo s s ..........................................................................
R eal estate co n tra ct..................................................................................
G uaranty fu n d, p ro fit and lo s s ...............................................................
Suspense a ccou n t .......................................................................................

$2, 703
1 8 ,91 0
7 ,1 7 0
7 ,8 0 0
148
14
26
6, 360
211
1,0 09
433
33
4, 721
40
100
700

46
00
00
00
00
75
81
10
05
00
21
60
80
00
00
00

$50, 401 78
DISBU RSEM EN TS

Loaned on m ortga ge...................................................................................
Loaned on sh ares.........................................................................................
D ues rep aid on w ith draw al, o r app lied on lo a n s............................
P a id m atured sh a res.........................................................................
D ividends paid on w ith draw al, o r a pp lied
on lo a n s....................
Cash dividen ds paid on incom e and accu m u lative prepaid shares
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rio r m ortga ges..................
P a id fo r rea l esta te .....................................................................................
P a id sa la ries and clerk -h ire...................................................................
P a id a d vertisin g, p rin tin g and p osta g e........................................
P a id ren t .......................................................................................................
P a id rep airs to rea l esta te .......................................................................
P a id ta xes, in su rance, e tc ..........................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id bankin g departm ent, assessm ent.................................................
O fficers’ bonds ..............................................................................................
A dvances fo r ta xes, insurance, e tc ........................................................
L egal expenses ...........................................................................................




9

$ 5 ,8 0 0 00
170 00
16 ,40 0 00
4 ,3 1 1 34
1 ,6 8 3 94
998 40
5, 870 00
545 94
4 ,2 0 0 00
1 ,5 9 9 94
105 25
200 00
560 75
603 44
19 50
1140
24 00
17 64
350 00

258

R eport ok Savings and L oan A ssociations

Suspense a c c o u n t..............................
P ro fit and loss, d iv id en d ..............
P ro fit and loss, gu aran ty fu n d ..
G eneral e x p e n s e s .............................
C ash on hand D ecem ber 31, IM S

$700 00
4 ,7 0 0 00

100 00
68 80
1 ,3 0 6 M
$ 5 0 ,4 0 1 78

P la n , seria l. P ar valu e o f shares, $200. In stalm en ts are $1 m on th ly.
S h ares in force Jan u ary 1, 1015, 1,759; shares issued du rin g th e yea r, 3 8 0 ;
shares w ith draw n du rin g th e yea r, 4 7 2 ; shares in fo rce , 1,676. B orrow in g
m em bers, 30, h old in g ’ 471 sh a res; n on -borrow in g m em bers, 213, h old in g 1,205
shares. Fem ale shareh olders, 2 01, h old in g 1,134 shares. T ota l dividen ds
cred ited m em bers du rin g th e yea r on in stalm en t shares, $4,721.80; ra te, 4
per cen t.
N o u n paid w ith draw als. A m ount o f shares m atured du rin g th e yea r, $4,311.34. M em bership fee, $1. O perating expenses, a s defined in section 390
o f th e B anking L aw , in cu rred and paid du rin g th e yea r, $1,097.90. U n paid,
none.
Prem ium plan , in stalm en t. In terest p a id b y b orrow in g m em bers, 5 per
cen t, an d 6 per cen t. Prem ium p a id by b orrow in g m em bers, 25 cen ts per
share per m onth.
L oan s have been m ade in K in g s, N ew Y ork , Queens and W estchester
cou n ties, N ew Y ork S ta te, a n d in 'New Jersey. L a rgest m ortgage loan ou t­
stan din g, $16,480. M ortgages in fo rce in N ew Y ork S ta te, $117,070. One
foreclosu re du rin g th e year.

UNION SQUARE PERMANENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION
M etropolitan B u ild in g, N o. 1 M adison avenue, New Y ork , N . Y .
[Organized under Law o f 1851.
Officers
P resident......................
Secretary......................
T reasurer......... ..
A ttorney......................

Commenced business 1888]

Nam es
JOHN W .
G R IM M E R .......................
JOH N A .
R N G L E R T .....................
GEORGE S. LAN GDON.....................
W IL L IA M
LAN GDON ......................

P ost-office addresses
240 E ast 20th Street.
1 M adison Avenue.
1 M adison Avenue.
2 R ector Street.

ASSETS
L oan s on bond and m ortg a g e...................................................................
Cash on hand and in b a n k ........................................................................
F u rn itu re and fix tu res..............................................................................

$36, 000 00
1, 080 06
250 00
$ 3 8 ,2 3 0 06

L IA B IL IT IE S

D ue shareh olders, d u es..............................................................................
D ue shareh olders, dividen ds cred ited ...................................................
B orrow ed m o n e y .........................................................................................
U n divided p rofits ...........................................................................
G uaran ty fun d (a s per section 302 o f B anking L a w )....................

$ 2 9 ,7 6 0
4 ,9 3 2
1 ,5 0 0
010
1 ,1 2 7

05
18
00
28
55

$ 3 8 ,2 3 0 06
R E C E IP T S

Cash on hand J an u ary 1, 1015...............................................................
D ues cred ited to m em bers..........................................................................
M oney borrow ed .........................................................................................
M ortgages redeem ed, foreclosed o r tran sferred to rea l e s ta t e .. .




$7, 623
7 ,2 3 2
4 ,7 5 0
3 ,7 5 0

83
48
00
00

259

N ew Y ork C ounty
R ea l esta te sold .........................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium received .....................................................................................
R en t received .............................................................................................
A p p ra isa l fees rep a id ................................................................................
In su rance rep aid .......................................................................................

$2, 000
1 ,6 4 5
786
15
8
12

00
26
26
00
26
50

$27, 823 53
DISBU RSEM EN TS

Loaned on m ortg a g e..................................................................................
D ues rep aid on w ith draw al, o r app lied on lo a n s ...........................
D ividends p a id on w ith draw al, o r a p p lied on lo a n s......................
Cash dividen ds p a id on incom e and accu m u lative prepaid shares
P a id borrow ed m oney and p rior m ortga ges....................................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P a id fo r rea l esta te.....................................................................................
P a id sa laries and clerk -h ire...................................................................
P a id a dvertisin g, p rin tin g and p osta g e...............................................
P a id ren t ......................................................................................................
P a id bankin g departm ent, exa m in a tion ...............................................
P a id banking departm ent, assessm ent.................................................
O fficers’ bonds ..............................................