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ANNUAL

REPORT

ON T H E

Building and Loan Associations
OF THE

State of California
BY THE

BUILDING AND LOAN COMMISSIONER

In accordance with an Act o f the Legislature, approved April 5, 1911, to
His Excellency WILLIAM D. STEPHENS, Governor
of the State o f California

AUGUST 31, 1922

CALIFORNIA STATE PRINTING OFFICE.
SACRAMENTO, 1922
21142




G IV E N T O T H E

S ta te H is t o r ic a l S o c ie t y
o f M is s o u r i




BY

4

- g - fl H -

REPORT
OF THE

BUREAU OF BUILDING AND LOAN SUPERVISION.
Office of the B uilding and L oan C ommissioner,
San F rancisco, August 31, 1922.
To His Excellency, W illiam D. Stephens,
Governor of California,
Sacramento, California.
Sir : In conformity with the requirements of section 5 of the “ Build­
ing and Loan Commission A ct” the twenty-ninth annual report of this
department, covering the tabulations and calculations derived from the
last reports of all buildings and loan associations in active operation in
this state, other than those organized during the six months prior to the
close of the seventy-third fiscal year, ended June 30, 1922, is respectfully
submitted for your consideration.
The general improvement in volume and membership apparently bears
out the prediction in a former report that the general public is gradually
becoming more familiar with the principles, and appreciative of the bene­
fits accruing to members and investors in this class of financial institu­
tions. The fact that, under the law, the purposes for which an association
can be formed are “ to encourage industry, frugality,'home-building and
savings among its shareholders, members and investors” is evidently fast
supplanting the prejudices of the past, as it becomes the better known
that the associations live up to the creed laid down by the law, are nonspeculative and are in no wise to be classed with the “ get rich quick”
schemes so prevalent in many localities.
It is therefore apparent, from the figures contained herein, that the
building and loan plan of investment is both popular and profitable to
persistent investors iii the several classes of shares and certificates pro­
vided by law, as is evidenced by the general increase and the dividends
declared and paid.
Organized and operated on proper lines, honestly conducted and care­
fully supervised it is, without question, one of the most beneficent institu­
tions of the present day. It encourages thrift and persistent effort in
accumulation for future needs, and is a material factor in the upbuilding
of every community in which an association is operated, as well as in
establishing a well-to-do population in homes of their own with property
interests to carefully safeguard in the future.
The number of associations on the active roll has increased from 98 to
109, and the number reporting from 96 to 102. Thirteen new associations
were formed and licensed during the year, one retired by consolidation and
one small one went into voluntary liquidation. Seven formed since Janu­
ary first last will make their first reports during the seventy-fourth fiscal
year. The names, locations and dates of licenses of the new associations



1

REPORT OX BUILDING AND LOAN ASSOCIATIONS.

appear under the designation of “ Domestic Associations.” One has been
licensed si)ice July first and several others are in process of formation in
promising localities, and the formation of others is being agitated in locali­
ties not quite so promising for successful operation.
Right here the thought occurs that it might be wise for the commissioner
to be vested with powers over the formation of new associations similar
to those vested in the Superintendent of Banks over the formation and
licensing of new banks.
Of the 102 associations reporting, 43 have a paid-in guarantee capital
and 59 are operating on the mutual plan.
Forty associations, mostly mutuals, retain the “ serial” plan of handling
their installment shares and all others are operated on the permanent or
“ Dayton” plan.
The increase in the volume of assets, so noticeable during the two pre­
ceding fiscal years, has very closely been maintained during the seventythird— the net gain amounting to $8,236,211.49, thereby making the
gross assets now total $64,732,760.05.
Less than one-half the counties in the state are represented by the 102
associations reporting at this time. That there are many localities in
other counties that would be materially benefited by the formation of
purely local associations operated by enterprising and public-minded
residents, there may be no question.
The following schedule illustrates the distribution of assets by counties,
the increase and decrease of same during the year, and the number of
associations reporting in each of the 26 counties:
DISTRIBUTION OF ASSETS BY COUNTIES

Associ­
ations
report­
ing

Counties

Alameda
Fresno _

_

__
__ __

_

_

____

Assets

8
2
1
2
1
20
1
3
1
1
4
1
4
1
5
5
17
2
3
2
2
7
1
2
3
3

$2,679,781
260,353
25,877
" 758,240
7,219
29,162,276
87,477
253,491
209,759
436,912
2,378,928
89,451
373,392
741,807
3,612,180
796,421
5,978,572
403,271
4,286,179
683,787
2,390,628
7,118,929
88,639
188,498
700,809
1,019,872

_ _.

Kern____
_
_
_
Lassen_____
___
_ __
_
Los Angeles
____
_ ___ __
__
M a d e ra ________ _______ _ _
_____ __
Marin __
_ __ _
Merced _ _
__ _
_
____
Napa____
______
Orange_______ __
Placer. _____ ____ _ _
_
_
____
Riverside
___ __
_
Sacramento, ___ ____
San Bernardino._ ________
_ _
____
San Diego
_ __
San Francisco _
________ __
San Luis Obispo.
_____ ______
_ :
San Joa q u in _______ __
San M a te o __
Santa Barbara. _____
__
_ _ ____
Santa Clara. _ __
___ __
_
___
Santa C ru z.. _. _
Sonoma. _
_ _ _
Tulare. _____
Ventura_______ _______
Totals____
Net increase.. _

. . .
_

. .
._

_

96
66
03
56
09
57
84
84
43
79
15
62
18
30
21
26
55
97
11
65
27
47
21
48
04
76

102 $64,732,760 05

Decrease

$619,145 21
35,118 46
118,828
2,538
2,593,784
30,077
11,277
5,279
22,895
319,715
20,921
84,298
136,501
433,394
128,637
607,607
75,266
762,544
83,937
554,927
1,221,093
61,105
16,912
112,333
179,657

34
59
79
94
25
07
32
13
36
16
12
50
09
76
50
36
79
05
31
85
50
22
95

$8,237,798 62
$8,236,211 49

_ _____ __
_

New associations not reporting:
Stanislaus county____________________
San Bernardino county_______________
Los Angeles county__________________




Increase

1
2
4
109 associations in 27 counties.

$1,587 13

$1,587 13

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

5

The largest increase in assets of a single association during the year was
$574,000, while 5 associations show a gain of over $300,000 each, and 6
increased their assets upwards of $200,000 each.
While the foregoing tabulation of “ assets by counties” shows a decrease
of $1,587.13 in but one county having a single small association, there are
13 other associations, in eight of the other counties, with assets aggregat­
ing $124,625.26 less than at the time of the report for 1921, and a similar
condition appears in connection with the “ shares in force,” there being
a net increase of 108,943 shares, of which 87,969 were “ installment” and
12.412 were “ full-paid,” yet 24 associations in 13 counties, show a de­
crease of 6,557 installment and 1,847 full-paid shares.
The directors of those few associations that are apparently out of touch
with the general forward movement shown by the large majority should
make a survey to determine and remedy the conditions responsible for the
results shown by their annual reports.
The schedule of “ Changes in Assets and Liabilities” illustrates the
changes in volume of the several features of each class, and it will be
observed that, with the exception of “ other real estate owned” and
“ bonds owned,” every feature of both assets and liabilities show an in­
crease, the outstanding features being “ loan on mortgages and shares,”
$7,669,355.93, as it is from this source that the associations derive their
principal interest income. “ Money in office and bank” follows with an
increase of $479,955.98, “ advances and sundry ledger accounts” $172,459.99, “ peal' estate^—
office buildings” $133,442.08, and “ arrearages”
$30,627.84.
“ Other real estate owned” shows a decrease of $164,313.39 and “ bonds
owned” $112,961.66.
Among the liabilities the principal increases are found in the investment
feature— “ installment shares” have increased $2,133,127.06 in volume
and 87,969 in number— “ full-paid shares” $1,502,231.73 in volume and
12.412 in number— “ investment certificates” $2,336,846.82 in volume and
31,102 in number— “ guarantee stock” shows an increase of $595,340.68.
The “ reserve and undivided profits” have increased $201,109.32, thus
making the total of this feature $1,939,760.58, which with the guarantee
capital and its surplus of $3,225,201.01 provides a real reserve protection
to investors of $5,164,961.59 or 9.4 per cent of the total liabilities to the
other three classes of investors.
The real estate owned is held by 34 different associations, of which 11
have acquired office buildings, or lots upon which to build for office pur­
poses, and the net decrease, including both classes, has been $30,871.31,
thus leaving the real estate, aside from office buildings and lots, as repre­
senting only .504 per cent of the gross assets.
The increase in the number of installment shares of 87,969, noted above,
'is an added demonstration of the increasing popularity of this class of
investment, as 81 per cent of the gross increase was apparently voluntary
subscriptions with associations not employing licensed solicitors, and over
95 per cent of the increase in full-paid shares was obtained by the same
associations.




6

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

The percentage of increase in each of twenty different features of the
year’s business is represented by the following schedule:
PERCENTAGES OF INCREASE.
Per Cent
In assets___________________________________________________________________________________ 14.57
In loans________________________________________________________________________ .__________ 14.42
I n money in office and bank________________________________________________________________ 30.31
In guarantee capital________________________________________________________________________ 28.46
In dues—installment shares_________________________________________________
16.20
In paid-up shares—principal________________________________________________________________ 12.90
In investment certificates—principal________________________________________________________ 12.23
In reserve and undivided profits____________________________________________________________ 11.56
In net profits for year______________________________________________________________________
8.60
In borrowed money________________________________________________________________________
6.88
In incomplete loans—due borrowers_________________________________________________________ 52.53
In office buildings and lots__________________________________________________________________ 74.59
In number of shareholders__________________________________________________________________ 19.78
In number of investment certificate holders__________________________________________________ 12.63
In number of borrowers____________________________________________________________________
7.52
In number of new building loans____________________________________________________________ 15.55
In number of installment shares_____________________________________________________________ 24.22
In number of full-paid shares_______________________________________________________________ 15.65
In number of investment certificates________________________________________________________ 16.30
In number of associations licensed__________________________________________________________ 13.00

During the past year there was received from shareholders and investors
$23,772,775.37 or the equivalent of 36.72 per cent of the gross assets as
of the close of the seventy-third fiscal year.
During the same period the disbursements on account of withdrawals
and maturities were $19,921,986.38, of which $17,157,752.40 was on ac­
count of dues or invested capital and $2,764,233.98 was for dividends
and apportioned profits— in all aggregating more than 39 per cent of the
gross liability to shareholders and investors at the beginning of the term.
The interest loaning rate charged by the several associations ranges
from 6 to 10.80 per cent, depending largely upon locality, security and
local money conditions, and includes fifteen different specific rates—
the mean average being 7.843 per cent. The interest collections, based
on the average loans in force, is 8.120 per cent, and, on the same basis,
the approximate gross income from all sources has been 8.285 per cent.
The percentage of operating expenses, exclusive of taxes, is 1.340 per
cent of the average loans, and is the equivalent of 16.174 per cent of the
gross income, and by including the taxes the entire cost of operation
equals 1.445 per cent of the average loans, indicating that the entire cost
of operation has necessitated the use of 17.441 per cent of the approximate
gross income.
CHANGES IN ASSETS SINCE 1910.

The changes in assets, as well as in the total roll and number reporting
since 1910, are as follows:
Years
1910___________________________________
1911___________________________________
1912___________________________________
1913___________________________________
1914___________________________________
1915___________________________________
1916___________________________________
1917___________________________________
1918___________________________________
1919___________________________________
1920__________ ________ ________________
1921___________________________________
1922_______ _______ ____________________




Total
roll
113
105
107
98
97
97
96
91
90
90
99
100
112

Number
reporting
107
96
91
93
92
89
89
86
86
85
87
96
102

Assets
$21,255,176
23,340,012
24,866,571
28,316,021
29,515,762
30,441,084
32,794,018
35,928,446
37,120,998
38,374,331
47,851,294
56,496,548
64,732,760

Increase
49
38
97
97
57
03
18
84
91
91
44
56
05

$1,027,060
2,084,835
1,526,559
3,449,450
1,199,740
925,321
2,352,934
3,134,428
1,192,552
1,253,333
9,476,962
8,645,254
8,236,211

09
89
59
00
60
46
15
66
07
00
53
12
49

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

I

DOMESTIC ASSOCIATIONS.

Active Roll June 30, 1921_____________________________________________________________________
New associations licensed________________________________________________________ , ___________
Anaheim Building and Loan Association, Anaheim, July 1, 1921.
Alhambra Building and Loan Association, Alhambra, Juy 8, 1921.
Bay Cities Guaranty Building and Loan Association, Santa Monica, July 28, 1921.
Fidelity Guaranty Building and Loan Association, Berkeley, Aug. 26, 1921.
Oxnard Building and Loan Association, Oxnard, Sept. 24, 1921.
Burbank Building and Loan Association, Burbank, Sept. 26, 1921.
Modesto Building and Loan Association, Modesto, Jan. 31, 1922.
Chino Building and Loan Association, Chino, April 14, 1922.
Guarantee Building and Loan Association, San Bernardino, May 24, 1922.
Anchor Building and Loan Association, Long Beach, May 24, 1922.
Commonwealth Building and Loan Association, Long Beach, June 7, 1922.
Equitable Building and Loan Association, Pasadena, June .9, 1922.
Beverly Hills Building and Loan Association, Beverly Hills, June 12, 1922.

98
13

Ill

Retired by consolidation_______________________________________________________________
1
Metropolitan Loan Association, Los Angeles.
In voluntary liquidation________________________________________________________________
1
Harbor Mutual Loan Association, San Pedro______________________________________________

2

Active roll June 30, 1922_____________________________________________________________________ 109
In liquidation________________________________________________________________________________
3
Continental Building and Loan Association, San Francisco.
Mission Home and Loan Association, San Francisco.
Harbor Mutual Loan Association, San Pedro.
Total roll____________________________________________________________________________________ 112
Number reporting____________________________________________________________________________ 102
Not reporting________________________________________________________________________________
7
FOREIGN ASSOCIATIONS.

The only foreign association licensed to transact business in this state
is the Western Loan and Building Company of Salt Lake City, Utah, the
condensed report of which, as of -Tune 30, 1922, appears on the last page
of the Appendix. On that date it reported 79,408 shares of installment
stock in force in California, with $475,779.63 in dues and profits to the
credit of 3,056 shareholders.
The number of loans was reported to be 546, representing a net value
of $1,302,116.11 loaned to borrowers in this state, of which 272 of the
notes and mortgages, representing a net value of $615,715.00 were on
deposit with this department as a guarantee for the fulfillment of its
contracts with investors in its shares.
The volume of business of this association is not included in the tabu­
lations of the 102 California associations, but is included in fixing the
annual license fees collected for the support of this office. By adding its
California assets to the tabulated assets of the 102 domestic associations
the building and loan assets of the state aggregate $66,170,691.97.
ASSETS AND LIABILITIES.
Assets.

Loans on mortgages and shares___________________________________________________
Arrearages_______________________________________________ - _____________________
Cash in office and bank__________________________________________________________
Real estate—office buildings_____________________________________________________
Other real estate owned________________________ , ________________________________
Furniture and fixtures___________________________________________________________
Advances and sundry ledger accounts____________________________________________
Bonds owned___________________________________________________________________
Other assets_____________________________________________________________________
Total assets________________________________________________________________




$60,776,931
165,230
2,014,937
312,342
326,639
70,567
300,255
738,658
27,198

43
00
77
08
34
85
14
08
36

$64,732,760 05

8

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

Liabilities.
Guarantee stock— capital________________________________________________________
Guarantee stock—surplus reserve________________________________________________
Installment shares—dues________________________________________________________
Installment shares—profits_______________________________________________________
Paid-up shares—capital__________________________________________________________
Paid-up shares—dividends unpaid________________________________________________
Investment certificates—principal________________________________________________
Investment certificates—dividends unpaid________________________________________
Advance payments—dues and interest___________________________________________
Overdrafts and bills payable_____________________________________________________
Reserve and undivided profits____________________________________________________
Due borrowers on incomplete loans_______________________________________________
Sundry ledger accounts__________________________________________________________
All other liabilities______________________________________________________________
Total liabilities___________

$2,680,158
545,042
15,448,154
3,623,211
13,160,984
427,195
21,354,935
776,959
75,451
1,626,221
1,939,760
2,239,911
689,184
145,587

55
46
89
21
21
44
81
93
94
94
58
68
26
15

$64,732,760 05
RECEIPTS AND DISBURSEMENTS.
Receipts.

Cash balance from last report____________________________________________________
Guarantee stock_________________________________________________________________
Installment shares—dues________________________________________________________
Paid-up shares—dues____________________________________________________________
Investment certificates__________________________________________________________
Interest collected________________________________ '______________________________
Premiums collected______________________________________________________________
Fines collected__________________________________________________________________
Fees collected___________________________________________________________________
Loans repaid____________________________________________________________________
Overdrafts and bills payable_____________________________________________________
Advances repaid and ledger accounts_____________________________________________
Real estate sold_________________________________________________________________
Bonds sold__________________________
All other receipts________________________________________________________________
Total receipts_____________________________ ______ __________________________
Disbursements.
Overdrafts and bills payable_____________________________________________________
Loans on mortgages and shares___________________________________________________
Interest paid____________________________________________________________________
Dividends on guarantee stock____________________________________________________
Dues repaid—installment shares______________
Profits repaid—installment shares________________________________________________
Paid-up shares— capital. _-r__ >
___________________________________________________
Paid-up shares—dividends_______________________________________________________
Investment certificates—principal________________________________________________
Investment certificates—dividends_______________________________________________
Advances—ledger accounts______________________________________________________
Real estate acquired_____________________________________________________________
Bonds purchased________________________________________________________________
Salaries_________________________________________________________________________
Twxes__________________________________________________________________________
Other expenses__________________________________________________________________
All other disbursements__________________________________________________________
Balance—cash in office and bank_________________________________________________
Total disbursements_________________________________________________________




$1,517,233
558,127
8,426,387
4,183,422
10,604,838
4,443,055
19,606
12,623
53,800
13,285,608
2,667,233
3,666,087
560,516
383,221
241,386

06
17
67
24
29
24
07
71
81
94
19
89
23
04
95

$50,623,148 50

2,567,381
20,443,039
116,366
235,491
6,274,489
973,688
2,629,571
768,152
8,253,691
986,900
3,606,001
553,573
259,431
365,673
57,864
371,262
145,628
2,014,937

44
83
55
80
75
88
51
52
14
78
49
86
52
89
25
95
57
77

$50,623,148 50

9

REPORT ON BUILDING AND LOAN ASSOCIATIONS.
CHANGES IN ASSETS AND LIABILITIES.

Increase

Decrease

Assets

$7,669,355
30,627
479,955
133,442

93
84
98
08
$164,313 39

9,915 09
172,459 99

112,961 66

17,729 63
$8,236,211 49
Liabilities

Guarantee stock— capital.
.
Guarantee stock-—surplus reserve
Installment shares—dues ______

__

_

.

_______

___

Paid-up shares—capital___
_ __
_
Paid-up shares—dividends unpaid_ __
_
Investment certificates—principal
Investment certificates—dividends__ __
Advance payments—dues and interest
Overdrafts and bills payable _____
Reserve and undivided profits__ _
Due borrowers—incomplete loans__
Sundry ledger accounts___
All other liabilities
_
_ _ _ _
Net increase

. .

__

_ __
_

___
______
. . _
_______
...
.
....
______
__ _ ______
. ___ _ _ _
_ _ .
_ __
_
_
_ _
_
_ ._
. .
___

. . _ _ _

___ __
. ...
_____
______
_____
_ .
_ _ _
__
_____

$595,340
18,226
2,133,127
194,193
1,502,281
35,163
2,335,846
165,226
15,869
104,805
201,109
771,397
116,036
47,637

68
38
06
70
73
10
82
24
89
57
32
42
24
34

$8,236,211 49

LOANS, INVESTMENTS, PROFITS AND RESERVES— BY COUNllES.

Loans

Counties

Alameda._ __ _
Fresno ___ __ _ _

Los Angeles

Orange

_ _

______

Riverside. _ __ _ __
San
San
San
San
San

Bernardino __
Diego. _
_
Francisco ______
Luis Obispo___
J o a q u in ______

Santa Barbara.. .
Santa Clara __
Santa Cruz
Ventura. ____
Totals. _

__ __




$2,439,411
244,613
25,000
737,159
5,972
27,268,389
85,218
240,585
208,060
418,490
2,309,087
86,714
364,331
688,815
3,405,989
753,907
5,371,652
385,570
4,166,173
639,012
2,250,940
6,785,920
73,716
180,795
664,330
977,083
$60,776,931

Guaranteed
capital and
surplus

Other
invested
capital

Profits
apportioned
and unpaid

Reserve and
undivided
profits

10,108

$1,875,388
140,553
20,763
557,034
7,174
22,960,872
52,554
•201,137
159,456
347,725
1,708,288
45,267
285,969
641,724
2,810,933
556,246
4,072,915
313,427
3,352,825
479,874
2,012,568
5,865,193
57,113
135,669
487,455
815,942

1,404,684
16,360
34,831
41,045
80,650
191,852
11,615
12,176
58,729
403,379
104,714
583,130
64,040
553,680
73,980
206,205
426,554
12
29,921
127,167
55,732

$50,982
5,223
1,419
36,805
45
738,400
3,412
10,546
6,477
6,604
44,193
3,009
4,998
40,944
100,579
16,732
439,659
10,186
145,877
27,267
24,662
164,900
3,508
6,082
22,007
25,234

$3,225,201

$49,964,074

$4,827,366

$1,939,760

$195,626
18,250

2,136,921

80,080
11,465
151,500
15,414
202,319
111,500
97,485
168,070
26,463

$220,223
36,628
3,634
86,425

10

REPORT ON BUILDING AND LOAN ASSOCIATIONS.
STATISTICAL INFORMATION.

Number of members—Male, 25,253; female, 17,898; total____________________________
Number of investors—Male, 12,041; female, 8,633; to ta l____________________________

43,151
20,674

Total number of members and investors________________________________________

63,825

Average investment, including accumulated earnings------------------------------------------------Number of borrowers______________________________________________________________
Average amount of loan to each___________ _ _______________________________________
•
Number of new mortgage loans for year____________________________________________
Number of new share loans for year________________________________________________
Number of loans for building purposes for year______________________________________
Total number of building loans to date_____________________________________________
Number of loans for improving old buildings________________________________________
Percentage of building loans to mortgage loans______________________________________
Percentage of new loans to loans in force____________________________________________
Percentage of loans repaid during year______________________________________________

$908 98
27,115
$2,241 45
8,090
1,216
3,834
60,238
589
47.39%
33.63%
19.76%

Mean average of all rates of interest________________________________________________
Interest collections reported to average loans in force________________________________
Apparent gross income to average loans in force_____________________________________
Apparent gross income to dues capital______________________________________________

7.843%
8.120%
8.390%
9.015%

Shares in force last report__________________________________________________________
Shares issued since last report______________________________________________________
Shares cancelled since last report___________________________________________________
Shares in force at this report_______________________________________________________
Net gain— installment shares_______________________________________________________
Net gain—full-paid shares_________________________________________________________

482,884
198,669
89,726
591,827
87,969
12,412

Investment certificates in force last report__________________________________________
Certificates issued since last report_________________________________________________
Certificates cancelled since last report_______________________________________________
Certificates in force at this report___________________________________________________
Net gain«in number of certificates__________________________________________________

201,877
108,072
76,970
232,979
31,102

Number of associations owning real estate__________________________________________
Number of pieces of real estate reported as owned___________________________________
Number of associations owning office buildings and lots______________________________
Book value of office buildings and lots______________________________________________
Book value of other real estate owned_____________________ _________________________
Reserve and undivided profits--------------------------------------------------------------------------------Guarantee capital and surplus----------------------------------------------- n--------------------------------

34
102
11
$312,342 08
326,639 34
1,939,760 58
3,225,201 01

NET PROFITS.

The net profits reported for year were______________________________________________
Percentage of same to average loans in force________________________________________
Average for past ten years_________________________________________________________
Percentage of profits to average investment_________________________________________
Average for past ten years_________________________________________________________

$3,657,874 32
6.840%
7.053%
7.404%
7.560%

DIVIDENDS.

The dividends reported as apportioned and credited to installment shares represent 27
different rates, varying from 4.30 to 14 per cent—only six associations crediting less
than 6 per cent. The mean average of all these rates is---------------------------------------------Apportioned to installment shares_______________________
$1,179,331 23 or
Apportioned to full-paid shares---------------------------------------------------------788,021 54 or
Apportioned to investment certificates_______________________________
1,152,034 97 or
Apportioned to guarantee capital____________________________________
299,512 39 or
Total dividends reported_____________________________________

7.843%
6.598%
6.670%
5.512%
10.325%

$3,418,900 13

The foregoing percentages are based on the average investment in
each class for the entire year.
SALARIES, TAXES AND OTHER EXPENSES.

Amounts expended for each feature and percentage to the average
loans in force appear as follows:




Amount paid

Percentage
to loans in
force

$365,673 89
57,864 25
371,262 95

0.665
0.105
0.675

$794,801 09

1.445
1.428

11

REPORT ON BUILDING AND LOAN ASSOCIATIONS.
OPERATING EXPENSES TO AVERAGE LOANS.

As the element of taxes is a feature over which the management of the
several associations has no control, the real operating expenses are repre­
sented as follows:
Percentage
for 1922

Percentage
for 1921

0.665
0.675

0.676
0.666

1.340

1.342

OPERATIVE EXPENSES TO DUES CAPITAL.

Percentage
for 1922

Percentage
for 1921

_____________________ __________ ____ __

0.741
0.753

0.777
0.766

1.494

Paid for other expenses-.

1.543

GROSS INCOME AND PERCENTAGE OF EXPENSES TO INCOME.

The approximate gross income, to average loans in force, for the past
three years, appears to be as follows:
Percentage
for 1922

Percentage
for 1921

Percentage
for 1920

---------------______ __
______ . .

6.840
0.105
1.340

6.964
0.086
1.342

6.686
0.119
1.242

Apparent gross income.
__ . . . _
. . . _
_
Ratio of operation to income_______ . . ______ . .

8.285
16.174

8.392
15.991

8.047
15.434

Based on the ‘ Dues Capita’—
The apparent gross income i s . _ ____ __
_
And ratio of operation to income
. . _ __________

9.015
16.572

9.646
15.996

9.206
15.402

Percentage of net profits.. . . . . .
Percentage of taxes . _
_
. .
_.
Percentage of operation__

The affairs of the two associations noted in the report for the seventysecond fiscal year as being in liquidation, remain in practically the same
status as at that time, and it is hoped they will be finally closed ere the
next report is due.
One other small association in the southern part of the state, became
financially involved through the unwise expenditure of capital funds for
expenses, though in no wise insolvent, and, on the advice of this office,
went into voluntary liquidation, with the present prospect that its affairs
will be settled at an early date.
During the fiscal year just closed “ Agents and Solicitors’ Licenses”
were issued to 175 local and traveling solicitors, under the provisions of
section 15a of the Building and Loan Commission Act, to solicit for loans
and for the sale of shares and certificates, of which 71 were issued at the
request of the “ Western Loan and Building Co.” of Salt Lake City, Utah,
and 104 at the request of 9 of the California associations. Thirteen were
canceled for various reasons, none of which were of a nature that would




12

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

prevent the granting of future licenses, should a request therefor be forth­
coming.
T o the end that all associations may more easily comply with the pro­
visions of the internal revenue laws, and with the requirements of the
Commissioner of Internal Revenue, it is deemed advisable to renew the
recommendation made in the report of this office for 1912: that section
638 of the Civil Code should be so amended as to prevent the indiscrimi­
nate loaning to others than members and shareholders, except where
loans are made on the security specified in section 647, and still permit the
occasional loaning of surplus funds not otherwise loanable, in volume not
to exceed a specific fixed percentage of all loans in force— such loans to
be carried on the books in an account by themselves, and that no such
loan be made for a term exceeding three years.
The practice that has obtained on the part of some associations of
suspending the issuance of free installment shares, is one not calculated
to foster the true building and loan idea.
Installments shares and installment investment certificates should
participate in common in the net profits subject to distribution, and only
full paid shares and full paid certificates be permitted to participate at a
rate fixed in advance and to be set forth in the certificate issued.
Because of the zeal displayed by the officers and directors of some of the
building and loan associations, in an honest endeavor to so educate the
public that all may appreciate the benefits that accrue by reason of invest­
ment and membership therein, and with a laudable desire to increase the
volume of the business of their associations, the bounds of propriety
appear, in some instances, to have been somewhat overstepped, when
considered in conjunction with the restrictions contained in sections 12
and 12a of the Bank Act, it became necessary to issue a circular letter to
the officers and directors of all associations, advising them and their repre­
sentatives and agents, regarding the limitation of such activities, which
circular letter reads, in part, as follows:
There is no occasion of real necessity for so conducting the business of a building and loan associa­
tion, either in advertising or in practice, as to conflict with the provisions of the Bank Act, or to
encroach upon the prerogatives of a bank or savings bank, and all associations and their representa­
tives and agents should clearly understand that they must not advertise in the newspapers, on win­
dow signs, on letterheads or by circulars in any of the following forms:
“ The acceptance of deposits;” that “ We pay six (or any other) per cent on savings;” that “ your
money can be drawn out at any time, or without notice;” that “ We pay interest (as such) for money
left with us for either long or short periods;” or by the use of any other such phrase as would indicate
the conduct of a banking or savings bank business; provided, that associations may use the word
“ interest” in connection with the issuance of “ full-paid shares” or “ full-paid investment certifi­
cates,” due care being exercised that the bounds of propriety may not be overstepped in so doing.
Associations may also, in their discretion, use the word “ savings” and be upheld in the exercise
of this privilege by the Commissioner, where the same; is used substantially as follows: “ Invest
your savings in a building and loan certificate or accouht,” or “ savings invested with us,” etc.
While the use of such word, when used in the above manner, is perfectly proper, yet after all there
is no real necessity therefor, as the words “ funds” or “ surplus funds” can be used in place of “ sav­
ings” and the results be equally good; the word “ dividend” can be used in lieu of “ interest,” with
even a more potent meaning, and “ rate of dividend” readliy takes the place of “ rate of interest.”
All associations and their representatives and agents, conducting or soliciting business in Cali­
fornia, are advised and directed to withdraw and cancel all forms of advertising that conflict with
the provisions of the Bank Act, or with the requirements of this circular, and to so conduct their
future operations and advertising that there may be no occasion for friction to develop therefrom
on the part of the banks, savings banks or banking department of the state, and thereby relieve
the Commissioner from future and continual correspondence and explanation in connection there­
with.




REPORT ON BUILDING AND LOAN ASSOCIATIONS.

13

CONCLUSION.
Immediately following in the published report will be found a detailed
statement of the receipts of this department, the names and addresses of
the several secretaries, and the usual “ Appendix” containing a condensed
annual statement of the condition of each association, as of the close of its
fiscal year, arranged in alphabetical order, both as to the city or town of
location and to names of the associations therein, closing with the latest
report of foreign associations doing business in this state.
Respectfully submitted.




G eo . S. W alker ,
Commissioner.

14

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

STA TE M E N T

OF RECEIPTS ON ACCOUNT OF LICENSES
AN D ASSESSMENTS FOR EXPENSES.
Fiscal Year Ending June 30, 1922.

Associations

Location.

Central Loan Association______________________________________
Columbian Mutual Building and Loan Association______________
Alhambra Building and Loan Association_______________________
Anaheim Building and Loan Association________________________
Savings Loan and Building Association_________________________
Kern County Mutual Building and Loan Association____________
Peoples Mutual Building and Loan Association_________________
Fidelity Guaranty Building and Loan Association_______________
Burbank Building and Loan Association________________________
Corona Mutual Building and Loan Association_________________
Cucamonga Building and Loan Association_____________________
Pacific Building and Loan Association__________________________
Mutual Building and Loan Association_________________________
Escondido Mutual Building and Loan Association______________
Fortuna Building and Loan Association________________________
Fresno Guarantee Building and Loan Association_______________
Mutual Building and Loan Association_________________________
Hemet Home Builders Association_____________________i _______
Livermore Mutual Building and Loan Association________ ______
Long Beach Building and Loan Association_____________________
Mutual Building and Loan Association_________________________
Bankers Guaranty Loan Company_____________________________
Fidelity Savings and Loan Association_________________________
Guaranty Building and Loan Association_______________________
Home Investment Building and Loan Association_______________
Los Angeles Mutual Building and Loan Association_____________
Southern California-Metropolitan Loan Association_____________
State Mutual Building and Loan Association___________________
Madera Mutual Building and Loan Association_________________
Merced Mutual Building and Loan Association_________________
Tamalpais Mutual Building and Loan Association______________
Napa Building and Loan Association___________________________
Newcastle Building and Loan Association______________________
Alameda County Loan Association_____________________________
California Home Investment Association_______________________
Cosmopolitan Mutual Building and Loan Association.___________
Oceanside Building and Loan Association______________________
Peoples Mutual Building and Loan Association_________________
Orange Building and Loan Association_________________________
Oxnard Building and Loan Association_________________________
Palo Alto Mutual Building and Loan Association_______________
California Security Loan Corporation__________________________
Pasadena Building and Loan Association_______ 1______________
Paso Robles Mutual Building and Loan Association____________
Petaluma Mutual Loan Association____________________________
Pleasanton Mutual Building and Loan Association______________
Mutual Building and Loan Association_________________________
Home Builders Loan Association_______________________________
Porterville Mutual Building and Loan Association______________
Home Investment Association_________________________________
San Mateo County Building and Loan Association______________
Riverside County Mutual Building and Loan Association_______
Sacramento Building and Loan Association_____________________
San Luis Building and Loan Association___________ '____________
Santa Fe Building and Loan Association_______________________
Community Building and Loan Association_____________________
San Diego Building and Loan Association______________________
Silver Gate Building and Loan Association_____________________
Bay View Building and Loan A ssociation______________________
California Home Building-Loan Company______________________
California Mutual Savings, Fund, Loan and Building Association.
Citizens Building and Loan Association________________________
Empire Building and Loan Association_________________________
Eureka Building and Loan Association_________________________
Fidelity Building and Loan Association________________________
Franklin Mutual Building and Loan Association________________
Globe Mutual Building and Loan Association__________________
Home Mutual Deposit Loan Company_________________________
Mechanics Building and Loan Association______________________
Northern California Building and Loan Association. __________
Occidental Laon Association___________________________________
Provident Mutual Loan Association____________________________
Progress Mutual Loan Association_____________________________
Pacific States Savings and Loan Company______________________
Western Loan Association_____________________________________
Guaranty Building and Loan Association_______________________

Alameda__________
Alameda_________
Alhambra________
Anaheim_________
Anaheim_________
Bakersfield_______
Bakersfield_______
Berkeley_________
Burbank__________
Corona___________
Cucamonga_______
Culver City_______
Elsinore__________
Escondido________
Fortuna__________
Fresno___________
Fresno___________
Hemet___________
Livermore________
Long Beach______
Long Beach______
L<Js Angeles______
Los Angeles______
Los Angeles_______
Los Angeles______
Los Angeles_______
Los Angeles_______
Los Angeles_______
Madera__________
Merced___________
Mill Valley_______
Napa_____________
Newcastle________
Oakland__________
Oakland__________
Oakland__________
Oceanside________
Ontario___________
Orange___________
Oxnard___________
Palo Alto_________
Pasadena_________
Pasadena_________
Paso Robles______
Petaluma_________
Pleasanton_______
Pomona__________
Pomona__________
Porterville________
Redlands_________
Redwood City____
Riverside_________
Sacramento_______
San Luis Obispo__
San Bernardino___
San Diego________
San Diego________
San Diego________
San Francisco_____
San Francisco____
San Francisco____
San Francisco_____
San Francisco_____
San Francisco_____
San Francisco____
San Francisco____
San Francisco____
San Francisco_____
San Francisco_____
San Francisco_____
San Francisco_____
San Francisco_____
San Francisco_____
San Francisco_____
San Francisco_____
San Jose__________




Amount.
$125 83
42 70
10 00
10 00

83
117
34
10

56
38
49

00
10 00
10 83
10 00

17 52
10 00
10 00
10 00
10 00

46 65
10 00
10 00

63
405
10
2,431
10
27
10

504
1,337
20
47
12
99
16
154
78
73
10
170
196
10

200
314
80
10
10
10
644
341
28
242
109
47
145
47
266

55
75
00
60
00
69
66
84
27
43
38
25
30
41
96
56
80
00
43
31
00
80
81
83
00
00
00
40
00
08
37
49
53
27
30
23

10 00

77
61
40
177
34
113
18
23
65
67
30
67
24

75
53
70
79
14
65
90
69
50
88
68

32
05

21 79

35 38
52 02
10 45
442 58
40 59
203 10

15

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

STATEMENT OF RECEIPTS ON ACCOUNT OF LICENSES AND ASSESSMENTS FOR
EXPEN SE S—Continued.
Fiscal Year Ending June 30, 1922.

Location

Associations

San Mateo Mutual Building and Loan Association____ __ .

_
_

San Jose-..

Amount

. ..

Santa Ana

Home Mutual Building and Loan Association_ ____
_

Santa Cruz

San Joaquin Valley Building and Loan Association____ - _
Security Building and Loan Association. .
________ ____
Stockton Land, Loan and Building Association
___
_ . __
Honey Lake Building and Loan Association
_
_ _
_
Magnolia Mutual Building and Loan Association.

Western Loan and Building Company

. . .

_

Sausalito_________
Stockton ____
Stockton___ __
Stockton_____
Susanville.. . _

. . U pland___ . . .

__ ______

Salt Lake City____

$10
477
139
296
30
38
215
171
266
62
10
10
186
33
10
306
235
291
10
14
71
10
101
14
13
10
177

00
57
21
55
85
56
44
20
12
71
00
00
91
89
00
10
94
55
00
84
82
00
61
53
82
00
12

$13,614 09
84 00
175 00
$13,873 09

Deposited with State Treasurer:
December 30, 1921, Controller’s Receipt No. 2037_________________________________
February 2, 1922, Controller’s Receipt No. 2458______________________'-----------------June 27, 1922, Controller’s Receipt No. 4012______________________________________

$155 00
13,554 09
164 00
$13,873 09

S t a t e of C a l if o r n ia ,
C i t y a n d C o u n t y o f S a n F r a n c is c o ,

J. L. Fields, Chief Deputy Building and Loan Commissioner, being first duly sworn, deposes and says
the foregoing is a correct statement of the receipts for the fiscal year ended June 30, 1922, and of the
disposition of same.
J. L. F ie l d s .
Subscribed and sworn to before me, this 31st day of August, 1922.




G e o . S. W a l k e r ,
Building and Loan Commissioner

16

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

SECRETARIES AN D T H E IR LOCAL ADDRESSES.
Location

Associ­
ations

Name

Alameda___ _ ____

Berkeley
Beverly Hills
Burbank___ _ _

Donald P. Wingate____
O. N. Beasley. _ _
J. J. King. __ __
G. P. McCorkle_______

Los Angeles _. . _

G. H. Wadleigh___ . .
G. H. B essm yer______

Los Angeles

R. Holtby M y e r s .___

.

Mill Valley

F. H. Clark. .
W. S. Gould . . .
R. R. Reed
_
Orange_
Orange_
_

.

_ . Howard O. Williams___
Osman Pixley

E. D. Hill . . .
W. M. Trask____
T. H. Silver.

Redwood City

H. W. Schaberg.

R. F. Cassidy____
C. G. Hinds____
B. M. Stich___

San Jose__ ____-




Roley S. Kooser. _

. .

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
6
1
1
1
1
1
2
1
1
1
1

Address

219 West Main street.
229 North Lemon street.
First National Bank Building.
First National Bank Building.
First National Bank Building. •
125 West San Fernando Boulevard.
Culver City.
Care City Clerk’s Office.
819-823 Mattei Building.
1233 Broadway.
Chamber of Commerce Building.

6362 Hollywood boulevard.
740 South Spring street.
722 South Spring street.
P. O. Box 575.
Pioneer Fruit Company

812 Broadway, Room 88.
Care C. R. McCormick Lumber Company.
Orange.
Bank of Orange Building.
259 University avenue.
18 North Marengo avenue.
Petaluma National Bank Building.

Baker Block, Rooms 9 and 10.
90 Broadway.

Owl Drug Building.
343 Spreckels Theater Building.
255 Montgomery street.
1202 Merchants Exchange Building.
715 Clunie Building.

70-76 West San Antonio street.

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

17

SECRETARIES A N D T H E IR LOCAL ADDRESSES— Continued.
Location

Name

Santa Cruz___________

F. O. Roll____________
Harry E. M urray.. . .

A. M. Noble__________

Ventura _

_ _

C. E. Littlehale_______
W. J. E arl.. . .
J. L. Wilder___________
M. H. Bordwell_______
Scott McReynolds . . .
W. H. Kimball________
M. R. Allen___ ____

Salt Lake City____-

2

■21142




H. W. H. Lund_______

Associ­
ations
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

Address

792 Monterey street.
713 Fourth street.
Santa Barbara County National Bank.
8 Cooper street.
223 Santa Monica Boulevard.
36
11
26
36

Princess street.
South Hunter street.
North San Joaquin street.
South San Joaquin street.

Carne Building.
125 North Court street.
123 North Greenleaf avenue.
45-49 East First South street.




APPENDIX

Detailed Statement of the Condition
o f the

Building and Loan Associations
o f the

State of California
As compiled from the reports to the Commissioner for the
fiscal year ending June 30, 1922

ARRANGED ALPHABETICALLY BY CITIES, TOWNS, AND NAMES







21

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

BUILDING AND LOAN ASSOCIATIONS.
No. i.

ALAMEDA.

CENTRAL LOAN ASSOCIATION.
P. O. address, 2301 Central Avenue, Alameda.
(Incorporated July 29, 1909.)
J. L. D e Lanoy , Secretary.

F. N. D e Lanoy , President.
Fiscal year ended June 30, 1922.

No. of series, none.

No. of members and investors, 566.
Assets.

Loans on definite contract_______
Arrearages, on interest___________
Cash, in bank___________________
Furniture and fixtures___________
Bonds owned____________________
War Savings Stamps____________

No. of shares, 5800.
Liabilities.

24
41
75
80
00
00

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits________
Investment certificates, principals
Investment certificates, dividends.
Loans due and incomplete_______
Sundry ledger accounts__________

$25,000 00
14,000 00
236,975 66
52,849 10
262,549 87
12,490 42
16,296 44
257 71

$620,419 20

Total liabilities______________

$620,419 20

Balance from last report_________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold_________
All other receipts________________

$7,653 64
56,403 71
225,613 26
38,320 18
115,978 82
10,000 00
2,254 00
3,000 00
46 85

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank j .

$30,000 00
195,131 86
1,729 93
2,500 00
35,597 89
9,651 02
158,535 98
4,670 55
2,254 00
2,742 29
5,934 00
596 83
2,272 53
286 83
7,366 75

Total receipts_______________

$459,270 46

Total disbursements_________

$459,270 46

Total assets________________

$592,007
4,138
7,366
1,148
15,000
758

Receipts for Fiscal Year.

Disbursements for Fiscal Year.

Installment Shares, With Age, Value and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book vajue, dues plus dividend.
Withdrawal value, full book value.




22

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 2.

ALAMEDA.

COLUMBIAN MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. Address, Room 88, 812 Broadway, Oakland.
(Incorporated July 17, 1893.)
R. R. R e a d , Secretary.

R o b e r t R. Y a t e s , President.

Fiscal year ended July 31, 1921.
No. of series, 22.

No. of members and investors, 215.
Assets.

Loans,
on
definite
contract,
$163,927.52; on s h a r e s ,
$6,325.00_______
Arrearages, on shares, $4,307.75; on
interest, $549.19 ______________
Cash, in bank___________________
Advances, ledger accounts________
Bonds owned and certificates_____
Total assets.

Liabilities.

$170,252 52
4,856
5,701
1,277
10,116

94
02
14
67

$192,204 29

Receipts for Fiscal Year.

Balance from last report__________
Installment shares, dues__________
Interest_________________________
Fees____________________________
Loans repaid____________________
Advances repaid, ledger accounts-.
Bonds and certificates sold_______
All other receipts________________

Total receipts.

No. of shares, 2841.

Installment shares, dues_________
Installment shares, profits________
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Total liabilities

$140,874
31,016
6,378
102
3,698
9,934
200

00
03
77
50
37
62
00

$192,204 29

Disbursements for Fiscal Year.

$2,970 96
36,342 33
12,042 95
55 00
42,109 43
1,151 90
40,107 55
16 86

$134,796 98

Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Advances, ledger accounts_______
Bonds and certificates purchased..
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank __
Total disbursements.

$68,652
299
21,377
4,143
1,774
30,211
1,800
208
562
67
5,701

32
16
00
02
25
67
00
57
10
87
02

$134,796 98

Installment Shares, With Age, Value and Withdrawal Value.

Serial No.
45_______________________________
48________________________________
49________________________________
51________________________________
53________________________________
55_____________________ _ _________
•
57________________________________
59________________________________
61________________________________
63________________________________




Age in
months
120
102
96
■84
72
60
48
36
24
12

Total dues
per share
$120
102
96
84
72
60
48
36
24
12

00
00
00
00
00
00
00
00
00
00

Book value
per share
$164
132
122
103
86
69
54
39
25
12

23
66
74
88
25
67
03
34
49
37

Withdrawal
value,
$159
129
120
101
84
68
53
39
25
12

81
60
07
90
83
71
43
01
35
34

23

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 3.

ALHAMBRA.

ALHAMBRA BUILDING AND LOAN ASSOCIATION.
P. O. address, 219 West Main Street, Alhambra.
(Incorporated June 25, 1921.)
J. H o m e r H o u g h , Secretary.

W il l ia m G r im e s , President.

Fiscal year ended June 30, 1922.
No. of series, none.

No. of members and investors, 62.
Assets.

Loans, on definite contract_______
Arrearages, on interest___________
Cash, in office, $102.50; in bank
$9,410.58_____________________
Furniture and fixtures___________
Advances, ledger accounts_______

Total assets_________________

Liabilities.

$52,703 77 Guarantee stock, capital_________
241 27 Guarantee stock, surplus_________
Installment shares, dues_________
9,513 08 Installment shares, profits________
137 00 Investment certificates, principal..
46 68 Investment certificates, dividends.
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Dividends unpaid_______________

$31,925 00
1,475 30
1,831 00
47 69
10,849 35
186 48
210 15
14,055 56
400 00
1,661 27

$62,641 80

$62,641 80

Total liabilities_____________

Receipts for Fiscal Year.

Guarantee stock_________________
Installment shares, dues_________
Investment certificates. . . . _______
Interest_________________________
Premiums on guarantee stock____
Fees____________________________
Loans repaid____________________
Advances repaid, ledger accounts .
Total receipts.

No. of shares, 716.

Disbursements for Fiscal Year.

$31,925 00
1,861 00
50,655 04
2,545 46
2,080 00
- .294 50
7,446 23
8,702 76

Loans on mortgages and shares___
Dues repaid, installment shares_
_
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank___

$105,510 02

Total disbursements_________

Installment Shares, With Age, Value and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$46,094
30
39,805
41
8,349
35
1,503
137
9,513

44
00
69
26
47
51
57
00
08

$105,510 02

24

REPORT ON BUILDING

No. 4.

A.

ND LOAN ASSOCIATIONS.

ANAHEIM.

ANAHEIM BUILDING AND LOAN ASSOCIATION.
P. O. address, Anaheim.
(Incorporated June 20, 1921.)
H. O. W il l ia m s , Secretary.

W m . S t a r k , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 7.

Assets.

No. of shares, 236.

Liabilities.

Cash, in bank_____________________

$6,585 57

Guarantee stock, capital_________
Guarantee stock, surplus. . _ .
Sundry ledger accounts___________

$5,005 00
1,574 57
6 00

Total assets_____________

$6,585 57

Total liabilities__________ ____

$6,585 57

- .

Receipts for Fiscal Year.
Guarantee stock____
_ _ ___
Installment shares, dues - _ ____
Paid-up and prepaid shares, dues .
Advances repaid, ledger accounts. .
Guarantee capital, surplus, etc____

Total receipts_______

_____ .,

Disbursements for Fiscal Year.
$5,005
60
300
6
2,920

00
00
00
00
00

$8,291 00

Dues repaid, installment shares___
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends___
. . .
Salaries . .
_ _______________
Other expenses
. . .
_____
Balance, cash in office and bank _ .
Total disbursements________

Installment Shares, With Age, Value, and Withdrawal Valued
Dayton plan.
Dues, 91.00 per share per month.
Dividend, last fiscal year, _ . per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$60 00
300 00
1
300
1,043
6*585

80
00
63
57

$8,291 00

25

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 5-

ANAHEIM.

SAVINGS, LOAN AND BUILDING ASSOCIATION.
P. O. address, 229 N. Lemon Street, Anaheim.
(Incorporated January 8, 1889.)
F r e d A . B a c k s , J r ., Secretary.

C. F . G r im , President.
Fiscal year ended April 29, 1922.

No. of series, 11.

No. of members and investors, 326.
Assets.

Liabilities.

Loans, on mortgages, $460,450.00;
on shares, $7,360.00_____________
Arrearages, on shares, $664.50;
on interest, $583.95; on fines,
$79.95__________________________
Cash, in bank____________________
Total assets_________

No. of shares, 8097.

____

$467,810 00
1,328 40
4,639 32
$473,777 72

Receipts for Fiscal Year.
Balance from last report___
___
Installment shares, dues____
Interest________
.
___
Fines. ___________
__ _____
F e e s . .___
. ____________
Loans repaid___ . . « _ _ _ . _ _ _
Overdrafts arid "bills payable

Total re c e ip ts.-.____________

Installment shares, d u e s _____ - Installment shares, profits.- .
Investment notes, principal-. .
Advance paym ents______ __
Overdrafts and bills payable_
_
Reserve and undivided profits____
Loans due and incomplete_______
Total liabilities_____ ________

$165,264
43,771
20,700
1,231
227,260
6,257
9,292

00
86
00
30
00
80
76

$473,777 72

Disbursements for Fiscal Year.
$5,039
49,573
32,496
47
48
46,525
103,550

96
50
59
90
00
00
00

$237,280 95

Overdrafts and bills payable______
Loans on mortgages and shares___
Interest p a id .. . .
Dues repaid, installment shares___
Profits repaid, installment shares..
Salaries_____________
..
Taxes___ __
.
Other expenses_ __
_
______
Balance, cash in office and bank . _
Total disbursements.

______

$34,350
162,326
13,162
14,074
.6,159
2,220
224
124
4,639

00
61
10
50
31
00
46
65
32

$237,280 95

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
24.................... ....................... .............
25________________________________
26________________________________
27________________________________
28________________________________
29________________________________
30________________________________
31________________________________
32________________________________
33________________________________




Age in
months
120
108
96
84
72
60
48
36
24
12

Total dues
per share
$60
54
48
42
36
30
24
18
12
6

00
00
00
00
00
00
00
00
00
00

Book value
per share
$89
77
65
55
45
36
28
20
13
6

31
08
74
22
50
50
12
30
02
26

Withdrawal
value
$84
72
61
51
42
33
26
18
12
6

91
46
32
25
18
90
12
92
20
03

26

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 6.

BAKERSFIELD.

KERN COUNTY MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, care First Bank of Kern, Bakersfield.
(Incorporated July 29, 1901.)
A r t h u r S. C r it e s , Secretary.

J. F. D u g a n , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 490.
Assets.

Loans, on mortgages------------------Arrearages, on interest___________
Cash, in bank_______
Real estate, owned______________
Advances, ledger accounts_______

Total assets.

No. of shares, 8924.
Liabilities.

$564,358
1,991
9,832
2,725
1,431

64
46
47
27
31

$580,339 15

Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
All other liabilities______________
Total liabilities.

50
00
00
00
90
83
92

$580,339 15

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues _
Interest_________________________
Fines— 1_______________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold-------------------------Rents___________________________

$29,617 33
185,492 25
45,200 00
52,114 50
9 37
136,905 72
35,000 00
2,550 54
300 00
200 00

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares. .
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank __

Total receipts-----------------------

$487,389 71

Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 12 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$202,730
67,010
240,500
35,000
22,300
11,853
943

$25,000
238,211
981
153,701
3,804
33,800

00
00
95
70
23
00

13,895
1,305
3,940
523
2,393
9,832

59
69
00
50
58
47

$487,389 71

27

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 7.

BAKERSFIELD.

PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, Rooms 4-5-6 First National Bank Building, Bakersfield.
(Incorporated January 27, 1892.)
L. S. R o b in s o n , Secretary.

F. W. R o b in s o n , President.
Fiscal year ended January 31, 1922.

No. of series, 15.

No. of members and investors, 109.
Assets.

Loans, on mortgages, $172,550.00;
on shares, $250.00 . . _________
Arrearages, on shares, $457.50; on
interest, $515.09___ _______ ____
Cash, in bank______ ____ ________
Furniture and fixtures_ - ______
_
Bonds o w n e d __________________
Total assets..

. _________

Liabilities.
$172,800 00
972
2,928
200
1,000

59
82
00
00

$177,901 41

Receipts for Fiscal Year
Balance from last report_______ _
Installment shar^p, d u e s ______ __
Interest_____
__
.
_______
Fines____________ ______ __ _____
Fees__
. . _________________
Loans repaid.
. _____________
Overdrafts and bills payable_____

Total receip ts_____ ________

No. of shares, 2788.

Installment shares, d u e s ___ _____
Installment shares, profits..______
Paid-up and prepaid shares, capital
Overdrafts and bills payable ___
Reserve and undivided profits____
Loans due and incomplete__ _____
Total liabilities- . . _______

$56,203
19,415
57,600
28,000
14,503
2,179

20
11
00
00
80
30

$177,901 41

Disbursements for Fiscal Year.
$2,048
20,485
15,302
40
1
37,050
37,500

34
20
99
55
00
00
00

Overdrafts and bills payable
_
_
Loans on mortgages and shares___
Interest paid _ .
_____________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends__ _____ __ .
_______
Salaries_ __ _ . . . _________
_
Taxes_________ _ .
_ ______
_
Other expenses______
_________
Balance, cash in office and bank___

$112,428 08

Total disbursements_ ______
_

$17,500
67,820
974
11,174
4,403
1,000

00
70
75
00
02
.00

3,496
2,380
148
602
2,928

00
00
49
30
82

$112,428 08

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
28________________________________
30________________________________
32________________________________
34________________________________
36____ _________________________
38________________________________
40. _____________________________
42________________________________




Age in
months
96
84
72
60
48
36
24
12

Total dues
per share
$57
50
43
36
28
21
14
7

60
40
20
00
80
60
40
20

Book value
per share
$99
81
65
50
37
26
16
7

90
46
13
68
89
58
57
74

Withdrawal
value
$99
80
63
49
36
25
15
7

00
50
50
50
50
00
50
50

28

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 8.

BERKELEY.

FIDELITY GUARANTY BUILDING AND LOAN ASSOCIATION.
P. O. address, First National Bank Building, Berkeley.
(Incorporated August 17, 1921.)
D o n a l d P. W in g a t e , Secretary.

C h a s . L. M c F a r l a n d , President.

Fiscal year ended June 30, 1922.
No. of series, none.

No. of members and investors, 271.
Liabilities.

Assets.
Loans, on mortgages, $5,000; on
definite contract, $172,634.57___
Cadi, in office, $24.58; in bank
$13,122.54......................... ..............
Furniture and fixtures. . ________

Total assets___________

No. of shares, 1820.

. . .

$177,634 57
13,147 12
184 25

$190,965 94

Total liabilities_______________

$100,000 00
15,132 86
6,900 00
69,013 32
8,164 46
394 50
75,470 91
10,000 00
1,109 75

Overdrafts and bills payable______
Loans on mortgages and shares___
Interest paid______________________
Dues repaid, installment shares___
Paid-up and prepaid shares, capital
Investment certificates, principal..
Advances, ledger accounts________
Other expenses____________________
Office fixtures_____________________
Balance, cash in office and bank . .

Receipts for Fiscal Year.
Guarantee stock__________________
Installment shares, dues__________
Paid-up and prepaid shares, dues .
Investment certificates____________
Interest___________________________
Fees___________
Loans repaid______________________
Overdrafts and bills payable______
Advances repaid, ledger accounts _
Total receipts________________

Guarantee stock, capital._________
Installment shares, dues_________ .
Installment shares, profits________
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends _______ _____ __ . _____
Investment certificates, principal..
Investment certificates, dividends.
Reserve and undivided profits____
Loans due and incomplete___ . .

00
36
10
00

89
62,356
1,047
2,712
7,664

59
73
06
03
07

$190,965 94

Disbursements for Fiscal Year.

$286,185 80

Total disbursements.

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1 per share per month.
Dividend, last fiscal year, 6H per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$100,000
12,855
241
4,000

$ 10,000

245,441
4
2,282
2,900
6,684
1,109
4,432
184
13,147

00
91
00
00
00
32
75
45
25
12

$286,185 80

29

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 9-

BURBANK.

BURBANK BUILDING AND LOAN ASSOCIATION.
P. O. address, 125 West San Fernando Street, Burbank.
(Incorporated September 6, 1921.)
J. J. K i n g , Secretary.

A. S e n c b , President.
Semiannual term ended June 30, 1922.
No. of members and investors, 59.

Assets.

Loans, on definite contract_
_ ._
Cash, in bank___________________
Furniture and fixtures. ___ ____
Advances, ledger accounts_____ .

Total asse ts_____________

Liabilities.

*25,788
126
274
150

77
29
64
30

_
_
Guarantee stock, capital___
Guarantee stock, surplus.
. .
Installment shares, dues . ___
Installment shares, profits___ ____
Investment certificates, principal..
Investment certificates, dividends.
Overdrafts and bills p ay able____
Reserve and undivided profits____
Loans due and incomplete_______

*26,340 00

Total liabilities______________

Receipts for Fiscal Year.

Guarantee stock________ ________
Installment shares, dues_______ __
Investment certificates_____ ____
Interest______
_ _________ __ _
Fees____________________________
Loans repaid _ _______________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Guarantee stock, premiums, etc___
Total receipts_______________

No. of shares, 323.

00
50
00
57
85
50
00
42
16

*26,340 00

Disbursements for Fiscal Year.

*20,100
470
1,299
795
150
1,761
2,000
211
834

00
00
00
90
75
23
00
68
25

Loans on mortgages and shares_
_
Investment certificates, principal. .
Investment certificates, dividends.
Advances, ledger accounts. . .
Salaries____
___
. . . .
Taxes..
.
___________
Other expenses. ______ _____ __
Office fixtures, etc. _______ ______
Balance, cash in office and bank . .

*27,622 81

Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues SI per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




*20,100
552
470
9
1,150
12
2,000
233
1,811

fe8SSS38S8

No. of series, none.

*25,738
150
5
211
300
38
531
520
126

84
00
43
98
00
33
31
63
29

*27,622 81

30

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. io.

CORONA.

CORONA MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 5 2 0 Main Street, Corona.
(Incorporated October 2, 1905.)
J o h n P. K e y Secretary.

G e o b g e E. S n e d i Co b , President.

Fiscal year ended September 30, 1921.
No. of series, none.

No. of members and investors, 106.
Assets.

Loans,
on
definite
contract,
$44,087.70; on U. S. bonds,
$ 100.00__________ _______ _____
Cash, in bank_______ ___________
Real estate, owned_ 1 __________
_
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________

Liabilities.

$44,187
233
305
80
109
991

70
77
03
00
45
56

$45,907 51

Total assets.

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits________
Investment certificates, principal..
Investment certificates, dividends.
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
All other liabilities______________
Total liabilities_____________

Total receipts.

$6,816
621
49,922
3,957
149
10,879
13,500
3Q6
15

02
58
94
17
69
01
00
09
81

$86,168 31

Overdrafts and bills payable_____
Loans on mortgages and shares. . .
Interest paid. _ . _______________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate expense______________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank . .
Total disbursements-

______

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus dividends as per by-laws.




$5,000
765
1,084
284
26,365
1,352
9,600
328
771
55
300

00
00
00
71
83
46
00
10
56
85
00

$45,907 51

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Fines and fees___________________ 1
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
All other receipts________________

No. of shares, 215.

$3,900
14,018
172
700
639
85
5,200

00
44
08
00
77
53
00

324 09
58,077 50
1,563 71
30 05
10 03
942 90
59 24
211 20
233 77
$86,168 31

31

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No.

ii.

CUCAMONGA.

CUCAMONGA BUILDING AND LOAN ASSOCIATION.
P. O. address, care First National Bank, Cucamonga.
(Incorporated May 4, 1921.)
G. P. M c C o b k l e , Secretary.

J o h n H. K ltjsman , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 132.
Assets.

Liabilities.

Loans, on definite contract
__ .
Cash, in office, $17.93; in bank,
$35,000.00____________________
Furniture and fixtures_____. __
Bonds owned. _ _______________
Total assets..

________

No. of shares, 583.

..

35,017 93
843 79
2,500 00

Guarantee stock, capital_________
Installment shares, d u e s ______ __
Investment certificates, principal..
Overdrafts and bills payable.
Reserve and undivided profits____
Loans due and incomplete____ . _

$57,762 -86

Total liabilities_____ _ _______

$19,401 14

Total receip ts______________

00
74
00
12
00
86
18
73

_
Loans on mortgages and shares_
Dues repaid, installment shares_
_
Profits repaid, installment shares. .
Investment certificates, principal_
Investment certificates, dividends .
Advances, ledger accounts__ __ .
Bonds purchased.. ___________ .
Salaries.. _____________ ____
Taxes .
____ ____
Other expenses_____________ _ Office fixtures____ __ _ _ _
Balance, cash in office and bank__

$68,166 63

Total disbursements_________

$26,500
1,005
29,950
1,668
63
5,498
677
2,803

Installment Shares, With Age, Value, and Withdrawal Value.

Dayfbn plan.
Dues $1 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividends.
Withdrawal value, dues plus profits as per by-laws.




00
74
00
18
21
73

$57,762 86

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Guarantee stock. _ ____________
Installment shares, dues____ _
_
Investment certificates____ . . .
Interest . . ___________________
Premiums . ____________________
Loans repaid
________________
Overdrafts and bills J3ayable _ _ _
_
Advances repaid, ledger accounts .

$26,500.
865
26,550
677
366
2,803

$24,900
140
16
3,400
497
2,500
750
10
90
843
35,017

00
00
98
00
61
28
00
00
00
04
79
93

$68,166 63

32

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 12.

CULVER CITY.

PACIFIC BUILDING AND LOAN ASSOCIATION.
P. O. address, Culver City.
(Incorporated June 2, 1919.)
C h a s . E. S h il l it o , Secretary.

H a r r y H . C u l v e r , President.

Fiscal year ended June 30, 1922.
No. of series, none.

No. of members and investors, 1076.

No. of shares, 12,388.
Liabilities.

Assets.

#205,666 89 Guarantee stock, capital_________
1,189 94 Guarantee stock, surplus_________
Installment shares, dues_________
24,365 30 Installment shares, profits_______
30,000 00 Investment certificates, principal_
3,807 11 Investment certificates, dividends.
620 70 Overdrafts and bills payable_____
16,654 37 Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
All other liabilities______________

#30,000 00
7,666 49
80,666 09
5,025 42
37,900 00
1,064 16
65,500 00
419 80
34,328 56
552 10
19,181 69

#282,304 31

Total liabilities______________

#282,304 31

Balance from last report_______ ._
Guarantee stock_________________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Fines____________________•______
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts..
Bonds sold________________
Rents, etc__________________

#6,040 21
20,000 00
69,576 87
44,300 00
11,113 54
23 40
5,120 50
52,863 15
7-8,250 00
9,234 82
1,810 48
15,205 95

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest p a id .-__________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts.. . ____
Real estate acquired________. ____
Bonds purchased________________
Salaries_________________________
Taxes________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and ba n k ..

#26,250 00
159,780 26
• 4,134 48
569 72
12,045 85
241 71
29,965 00
1,848 72
9,063 06
30,000 00
1,210 48
1,550 00
173 06
11,837 08
504 20
24,365 30

Total receipts_______________

#313,538 92

Total disbursements_________

#313,538 92

Loans, on definite contract_______
Arrearages, on interest___________
Cash, in office, #904.61; in bank,
#23,460.69____________________
Real estate owned (office building)
Furniture and fixtures___________
Advances, ledger accounts_______
Other assets_____________________

Total assets________________

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 9J^ per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




33

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 13.

ELSINORE.

MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, care Consolidated Bank, Elsinore.
(Incorporated June 16, 1919.)
F. L . L a n s in g , Secretary.

S. H. B u r t o n , President.
Fiscal year ended December 31, 1921.
No. of members and investors, 58.

No. of series, none.

Assets.
Loans on mortgages ____ ____ __
Cash, in bank
_ __
_
_

Total assets_______

Liabilities.
$10,118 50 Installment shares, dues_____
72 16 Paid-up and prepaid shares, capital
Overdrafts and bills payable
Reserve and undivided profits____
Sundry ledger accounts. . .
__
$10,190 66

Receipts for Fiscal Year.

Total liabilities_______

66

50

00

50

12 00

1,500 00
7 35

$4,290 01

Overdrafts and bills payable. .
Loans on mortgages and shares_
_
Interest paid _ __ _
_
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Salaries- . . . . . . ___________
T axes._____ __
. .
Other expenses__ __
. . _
_
All other disbursements
__ _
Balance, cash in office and bank . _
Total disbursements .

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.

3— 21142




_
_

$7,735
600
1,500
266

00
00

00
90
88 76

$10,190 66

Disbursements for Fiscal Year.
$721
1,046
600
402

Balance from last report_
_
Installment shares, dues. _
_ .
Paid-up and prepaid shares, dues. _
_______
_
_
Interest.
_
Fees
. . _
____
_____
Overdrafts and bills payable . . .
All other receip ts_____________

Total receipts______ __ _ _ _

No. of shares, 954.

. _

$2,500 00
1,200 00

46 89
107 70

211 80
60 00
18 00

13 50
59 96
72 16
$4,290 01

34

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 14.

ESCONDIDO.

ESCONDIDO MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, City Hall, Escondido.
(Incorporated December 20, 1913.)
H. T. L y o n , President.

H. L. G o n g w e r , Secretary.
Fiscal year ended February 28, 1922.
No. of series, 12.

No. of shares, 813.

No. of members and investors, 72.
Assets.

Loans, on mortgages_____________
Arrearages, on shares, $63.00; on
interest, $41.04; oh fines, $12.30.
Cash, in office, $26.20; in bank,
$689.52_______________________
Furniture and fixtures___________
Total assets________________

Liabilities.

$38,275 00 Installment shares, dues_________
Installment shares, profits________
116 34 Advance payments______________
Overdrafts and bills payable_____
715 72 Reserve and undivided profits____
80 56 Sundry ledger accounts__________

$21,144
3,549
62
13,655
755
22

$39,187 62

$39,187 62

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest___ ^____________________
Premiums______________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable____

Total receipts_______________

Total liabilities_____________

00
26
10
00
26
00

Disbursements for Fiscal Year.

$2,309
9,886
2,172
409
12
9
7,850
23,634

70 Overdrafts and bills payable_____
00 Loans on mortgages and shares_
_
68 Interest paid____________________
_
76 Dues repaid, installment shares_
05 Profits repaid, installment shares_
50 Advances, ledger accounts_______
00 Salaries_________________________
05 Taxes___________________________
Other expenses__________________
Balance, cash in office and bank __

$46,283 74

Total disbursements_________

$10,479
22,100
326
9,696
2,441
62
300
40
123
715

05
00
28
00
39
10
00
00
20
72

$46,283 74

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
41. _____________________________
43________________________________
45________________________________
47______ , _______________________
49_______________________________
51________________________________




Age in
months
72
60
48
36
24
12

Total dues
per share
$72
60
48
36
24

00
00

00
00
00

12 00

Book value
per share
$93
74
57
41
26
12

32
84
53
35
41
63

Withdrawal
value
$83
67
52
38
25
12

80
50
80
70
20
30

35

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. is-

FORTUNA.

FORTUNA BUILDING AND LOAN ASSOCIATION.
P. O. address, care Friedenbach Brothers, Fortuna.
(Incorporated May 31, 1889.)
C. A. F r ie d e n b a c h , Secretary.

F r e d T. K r ie o , President.

Fiscal year ended May 31, 1922.
No. of series, 13.

No. of members and investors, 74.
Assets.

Liabilities.

Loans, on mortgages___ _ _ _ .
Cash, in bank_______
. _ _ _
_

Total assets__________ ______

$25,000 00 Installment shares, dues_________
877 08 Installment shares, profits________
Advance payments
_______
Reserve and undivided profits____

$20,763
3,633
60
1,419

$25,877 08

$25,877 08

Receipts for Fiscal Year.

Balance from last report. ____. .
Installment shares, dues____ _____
Interest______________ ____
. .
Fines___________________________
Fees___________ _______________
Loans repaid_______ ____ __ _____
Real estate s o l d . . ________
_
_
Total receipts________

No. of shares, 612.

_
_

Total liabilities______ _____

00
89
75
44

Disbursements for Fiscal Year.

$288
7,764
2,411
2
36
9,100
832

59
50
20
91
60
00
40

$20,436 20

Loans on mortgages and shares___
Interest paid_______________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Salaries
. ____________
T a x e s ..__________ . . _ . _ . .
Other expenses__
_______ __ .
Balance, cash in office and bank__
Total disbursements .

. . .

$7,850
180
9,506
1,722
180
16
103
877

00
71
00
57
00

44
40
08

$20,436 20

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
53________________________________
54________________________________
56________________________________
58________________________________
60________________________________
62________________________________
64________________________________




Age in
months
78
72
60
48
36
24
12

Total dues
per share
$78
72
60
48
36
24

00
00
00

00
00
00

12 00

Book value
per share
$97 82
88 80
71 67
55 66
40 52
26 14
12 56

Withdrawal
value
$95 34
86 70
71 21
53 70
38 82
25 07
12 20

36

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 16.

FRESNO.

FRESNO GUARANTEE BUILDING-LOAN ASSOCIATION.
P. O. address, 819-23 Mattei Building, Fresno.
(Incorporated December 23, 1919.)
C. D. L e M a s t e b , Secretary.

W m . G l a s s , President.

Fiscal year ended March 1, 1922.
No. of series, none.

No. of members and investors, 59.
Assets.

Loans, on definite contract _ _ _ _
Cash, in b a n k ____ ___ __
Furniture and fixtures. . _ . _
Other assets_____ __ . . . . . .
Total assets____

.. . .

Liabilities.

$22,554
5,472
358
460

84
08
00
08

$28,845 00

Receipts for Fiscal Year.

Balance from last report _ __ __
Installment shares, dues
_ __
_
Paid-up and prepaid shares, dues. _
In te r e s t..__
_______
Loans repaid_ ____
_
_
_
_

Total receipts.. _.

No. of shares, 677.

Guarantee stock, capital _ ______
Installment shares, dues
Installment shares, profits _ _ . _
Paid-up and prepaid shares, capital
Reserve and undivided profits____
Total liabilities___

. _____

00>
81
02
00
17

$28,845 00

Disbursements for Fiscal Year.

$6,775
3,741
3,900
1,957
2,922

00
00
00
02
07

$19,295 00

Loans on mortgages and shares_
_
Dues repaid, installment shares_
_
Profits repaid, installment shares. .
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends . .
_ _______
Taxes
. . . . _ _____ ______
Other expenses ____
__________
AH other disbursements
Balance, cash in office and bank __
Total disbursements___ __

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$18,250
5,063
203
4,500
828

$6,200
3,353
177
2,700

46
27
00

123
90
820
.358
5,472

93
20
15
00
08

00

$19,295 09

37

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 17. FRESNO.

MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 1233 Broadway, Fresno.
(Incorporated March 17, 1892.)
H e r b e r t L e v y , Secretary.

Lotris G u n d e l f in g e r , President.
Fiscal year ended February 28, 1922.

No. of series, 16.

No. of members and investors, 238.
Assets.

Liabilities.

Loans on definite contract___
Arrearages, on shares, $74.30; on
interest, $191.60___
Cash, in bank
_
______
Bonds ow ned..
__
____ __
Total a ss e ts____

_____

$222,058 09 Installment shares, d u e s ________
Installment shares, profits.
265 90 Investment certificates, principal. .
6,184 67 Overdrafts and bills payable..
3,000 00 Reserve and undivided profits____
Loans due and incom plete._____
$231,508 66

Receipts for Fiscal Year.

Balance from last report_ __ _
_
Installment shares, dues_______ __
Investment certificates__ _____
Interest
___ _______
_ _
Fines
- ___
_
Fees
Loans repaid _ _ __
_
- _ _
Overdrafts and bills payable War Savings Stamps
Total receipts__

No. of shares, 2541.

_ _________

Total liabilities

....

$89,189
36,424
41,800
45,000
4,394
14,700

40
55
00
00
71
00

$231,508 66

Disbursements for Fiscal Year.

Overdrafts and bills payable___ .
Loans on mortgages and shares_
_
Interest paid
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
11 00 Investment certificates, dividends .
57,325 42 Salaries.
_____
55,000 00 Taxes .
__________
846 00 Other expenses . . . . ___
Balance, cash in office and bank_
_

$4,526
16,061
41,800
16,797
81

44
90
00
71
41

$192,449 88

Total disbursements_________

$70,000
76,150
4,357
20,376
12,571
831
275
164
1,539
6,184

00
00
44
00
10
66

00
65
36
67

$192,449 88

Installment Shares^ With Age, Value, and Withdrawal Value.
Serial No.
41 ______________________________
43________________________________
45 ______________________ ________
47________________________________
49________________________________
51_______________________________
55________________________________
57________________________________
59________________________________




Age in
months
120

108
96
84
72
60
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
36
24

00
00
00
00

00
00

12 00

Book value
per share
$191
163
137
114
93
74
40
26
12

39
04
57
50
55
47
90
08
49

Withdrawal
value
$191
163
137
114
93
74
40
26
12

39
04
57
50
55
47
90
08
49

38

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 18. HEMET.

HEMET HOME BUILDERS ASSOCIATION.
P. O. address, care Chamber of Commerce, Hemet.
(Incorporated June 26, 1920.)
B u r d e t t e R a y n o r ^ Secretary.

E. J. C r a n s t o n , President.
Fiscal year ended June 30, 1922.

No. of series, none.

No. of members and investors, 38.
Assets.

Loans, on mortgages, $5,400.00; on
definite contract, $20,833.59____
Arrearages, on interest _____ . _ _
Cash, in bank
_ .
_
____
Advances, ledger accounts
____
Total assets______. . .

Liabilities.

$26,233
185
1,692
800

59
00
38
00

Guarantee stock, capital. _____ __ .
Installment shares, dues_______ __
Investment certificates, principal..
Investment certificates, dividends.
Overdrafts and bills payable__
Reserve and undivided profits____

$28,910 97

Receipts for Fiscal Year.

Balance from last report _ _
_
_
Guarantee stock
.
_ _ _ __
Investment certificates__________
Interest__________ _
_
Fines_________ . . . .
. _
Fees________________ _________
Loans repaid
Overdrafts and bills payable_____

Total receipts - . ________ __

No. of shares, 57.

Total liabilities.

______

2 0

19,224
475
3,500
9

50
00
00
47

$28,910 97

Disbursements for Fiscal Year.

$3,653 44 Overdrafts and bills payable__ __ .
100 00 Loans on mortgages and shares___
9,052 42 Interest paid
_ _
__ _
_
2,580 78 Dues repaid, installment shares_
_
6 60 Investment certificates, principal. .
45 00 Investment certificates, dividends.
5,916 47 Salaries_
. . . . . .
5,000 00 Taxes_____
___ __ .
Other expenses___ __
. _
_
Balance, cash in office and bank_
$26,354 71

Total disbursements________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$5,700 00

$1,500 00
6,350 00
103 41
2 00

14,552
1,639
300
50
164
1,692

41
76
00
00
75
38

$26,354 71

39

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 19.

LIVERMORE.

LIVERMORE MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, care First National Bank, Livermore.
(Incorporated September 17, 1906.)
H. J. C a l l a g h a n ,- Secretary.

J. O. M c K o w n , President.
Fiscal year ended September 30, 1921.

No. of series, 12.

No. of members and investors, 44.
Assets.

Loans, on mortgages______ ______
Arrearages, on shares, $69.00; on
interest, $73.29 ______
Cash, in bank_______ __
Total a ss e ts__________ __

Liabilities.

$18,055 00 Installment shares, d u e s _____ - .
Installment shares, profits_______
142 29 Advance payments
______
828 10 Reserve and undivided profits____
Sundry ledger accounts_
_
_ _ _

$14,262
3,004
19
1,504
234

$19,025 39

$19,025 39

Receipts for Fiscal Year.

Balance from last report - . . . .
Installment shares, dues - _____
Interest - _
_ ___
Fees - ___
. ____
Loans repaid
__ __

Total receipts______ -

_____

No. of shares, 324.

Total liabilities_
_

- ..

00
43
65
71
60

Disbursements for Fiscal Year.

$1,682
3,387
1,269
216
2,145

97 Overdrafts and bills payable.. . .
00 Loans on mortgages and shares_
_
19 Interest paid . . .
_
_ __
_
00 Dues repaid, installment shares_
00 Profits repaid, installment shares. .
Salaries__________ ___ ____
Taxes__________________ ________
Other expenses_______________ .
All other disbursements. _
_
Balance, cash in office and bank_
_

$8,700 16

Total disbursements . _____

$6,000
250
157
754
107

00

00
61
00
67

200 00

133
263
5
828

80
98
00
10

$8,700 16

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
7________________________________
8 ________________________________
9 ________________________________
10 ________________________________
11 ________________________________
13________________________________
15________________________________
16________________________________
17________________________________




Age in
months
126
108
96
84
72
60
48
24
6

Total dues
per share
$126
108
96
84
72
60
48
24

Book value
per share

00
00

$174 23
142 37
122 61
103 98
86 42
69 84
54 20
25 52

6 00

6 11

00
00

00
00
00
00

Withdrawal
value
Dues
plus
profits
as
per by-laws

40

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 20.

LONG BEACH.

LONG BEACH BUILDING AND LOAN ASSOCIATION.
P. O. address, First and Locust Streets, Long Beach.
(Incorporated March 5, 1920.)
C. R. L o u g h , Secretary.

E. J. W ig h t m a n , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 431.
Assets.

Liabilities.

Loans, on definite contract______
Cash, in bank_____
____ ____
Furniture and fixtures__________

Total assets

...

No. of shares, 279.

I _

$324,754 13 Guarantee stock, capital. .
36,142 25 Guarantee stock, surplus______ .
2,634 95 Investment certificates, principal..
Investment certificates, dividends.
Reserve and undivided profits____
Loans due and incomplete ___ __
Escrows . .
.
___ _____
$363,531 33

Receipts for Fiscal Year.
Balance from last report_________
Guarantee stock_________________
Investment certificates___________
Interest_________________________
Premiums_______________________
Fines___________________________
Loans repaid____________________
Bonds sold______ ■
______________
Escrows, etc____________________
Total receipts_______________

Total liabilities

00
56
21
45
77
23
11

$363,531 33

Disbursements for Fiscal Year.
$40,197
800
152,672
12,851
1,201
13
48,595
391
18,785

51
00
45
48
50
90
87
25
27

Loans on mortgages and shares_
_
Investment certificates, principal-.
Investment certificates, dividends.
Salaries_________________________
Taxes___________________________
Other expenses__________________
Escrows, etc. __________________
Balance, cash in office and bank__

$120,516 63
91,548 16
6,937 68
1,645 00
54 00
2,832 72
15,832 79
36,142 25

$275,509 23

Total disbursements_________

$275,509 23

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents pgr share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$27,900
1,915
285,725
3,850
5,274
33,911
4,954

41

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 21.

LONG BEACH.

MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, First and Pacific Streets, Long Beach.
(Incorporated August 4, 1904.)
M. N. S t e v e n s , Secretary.

C h a s . H. T u c k e r , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 1557.
Assets.

Loans, on definite contract_______
Arrearages, on interest___________
Cash, in office, $2,939.36; in bank,
$180,358.49___________________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________

Total assets________________

Liabilities.

$2,011,503 89 Guarantee stock, capital_________
216 77 Guarantee stock, surplus_________
Installment shares, dues_________
183,297 85 Installment shares, profits_______
2,000 00 Paid-up and prepaid shares, capital
10,008 97 Paid-up and prepaid shares, divi­
80,000 00
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Interest in arrears_______________
$2,287,027 48

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues. .
Investment certificates___________
Interest_________________________
Fees____________________________
Loans repaid____________________
Advances repaid, ledger accounts .

Total receipts_______________

No. of shares, 2047.

Total liabilities_____________

00

3,290
1,833,743
101,004
6,653
9,810
33,689
216

59
59
40
44
52
40
77

00

00
77
00

$2,287,027 48

Disbursements fpr Fiscal Year.

$59,154 85
8,225 00
12,600 00
1,404,559 40
151,977 00
8,833 45
473,479 72
47,853 57

$2,166,682 99

Loans on mortgages and shares_
_
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Bonds purchased___ ____________
Salaries________________ '________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank__

$905,126 32
4,000 00
400 00
9,150 00

Total disbursements_________

$2,166,682 99

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 9 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$100,000
85,000
8,500
368
104,750

6,111 40
898,252 69
74,706 90
55,982 48
1,300 00
6,100 00

1,438 28
10,817 07
183,297 85

42

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 22.

LOS ANGELES.

BANKERS GUARANTY LOAN COMPANY.
P. O. address, 601 S. Hill Street, Los Angeles.
(Incorporated August 17, 1901.)
G. H. W adlf . ig h , Secretary.

J o h n H. F o l e y , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 102.
Assets.

Loans, on mortgages____ ___ .
Cash, in office, $200.73; in bank,
$26,264.67____________________
Real estate, owned ___ ____

Total assets. . . .

Liabilities.

$1,738 45 Guarantee stock, capital . . . .
Installment shares, dues. _ ______
26,465 40 Installment shares, p rofits____ __
100 00 Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends . . . .
.
Investment certificates, principal. _
Reserve and undivided profits____•
Sundry ledger accounts___ _____
$28,303 85

Receipts for Fiscal Year.

Balance from last report. _ ______
Investment certificates_
_____
Interest
_ _ _ _____
Loans repaid . .
_____ __
Advances repaid, ledger accounts .
Real estate sold___ ___________ .
Total receipts______________

No. of shares, 861.

Total liabilities____

00
75
00
25

1,139
455
1,299
15

43
88

21
33

$28,303 85

Disbursements for Fiscal Year.

$24,315
60
218
2,013
10
48

09 Paid-up and prepaid shares, capital
00 Advances, ledger accounts
10 Real estate acquired-_____ _______
27 Other expenses___ .
. .
50 All other disbursements
50 Balance, cash in office and bank_
_

$26,665 46

Total disbursements. . . . .

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$18,830
3,183
1,553
1,827

$36
10
82
41
30
26,465

00
50
06
50
00
40

$26,665 46

43

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 23. LOS ANGELES.

FIDELITY SAVINGS AND LOAN ASSOCIATION.
P. O. address, 601 S. Hill Street, Los Angeles.
(Incorporated August 21 , 1889.)
G. H. W a d l e ig h , Secretary.

C. C. B o y n t o n , President.
Fiscal year ended December 31, 1921.

No. of series, 8 .

No. of members and investors, 9043.
Assets.

No. of shares, 63,763.
Liabilities.

Loans, on mortgages, $19,750; on
Guarantee stock, capital subscrip­
definite contract, $10,113,130;
tions_________________________
on shares, $148,911____________ $10,281,791 00 Installment shares, dues_________
Cash, in office, $56,640.82; in bank,
Installment shares, profits________
$306,271.95___________________
362,912 77 Paid-up and prepaid shares, capital
Real estate ow ned______________
10 00 Paid-up and prepaid shares, divi­
Advances, ledger accounts_______
dends_________________________
205,266 25
Investment certificates, principal_
Investment certificates, dividends,
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Total assets.

$10,849,980 02

06
00
88

49
01
12
18

Disbursements for Fiscal Year.

$234,955
39,431
2,787,496
750,350
1,106,945
744,158
2,272,621
3,152,378
402,874
5,476

01

50
03
00
50
02

45
93
25
68

Overdrafts and bills payable_____
Loans on mortgages and shares___
Dividends on guarantee stock sub­
scriptions_____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares.Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_______________
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$11,496,687 37

Total receipts.

105,211
2,061,106
75,930
232
613,788
438,973
559,958

22
89
17
00

Total liabilities_____________ $10,849,980 02

Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock, subscriptions___
Installment shares, dues_________
Paid-up and prepaid shares, dues _
Investment certificates___________
Interest______________ 1_________
Loans repaid____________________
Advances repaid, ledger accounts _
Real estate sold______ 1_________
Insurance premiums_____________

$357,487
1,847,219
632,783
4,157,290

$70 31
2,564,568 45
20,430
2,714,960
277,699
833,100

31
21
08
00

262,556
880,745
112,659
3,116,214
253,890
26,915
8,262
61,702
362,912

73
50
19
79
25
00
58
20
77

Total disbursements_________ $11,496,687 37

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
Class B
70 cents per
share per
month

Age in
months
96
84
72
60
48
36
24
12

Total dues
per share

Loan Fund dues
per share

$67
58
50
42
33
25
16

20
80
40
00
60
20
80
8 40

Also Dayton Plan; Shares, dividends 12 per cent for 1921.




$58
51
43
36
28

68

12
46
00
44

20 88

13 32
5 76

Book value
per share
$96
77
61
47
35
24
14

48
80
67
75
48
52
74

6 01

Withdrawal
value
$96
77
61
47
35
24
14

48
80
67
75
48
52
74

6 01

44

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 24.

LOS ANGELES.

GUARANTY BUILDING AND LOAN ASSOCIATION.
P. O. address, 6362 Hollywood Boulevard, Los Angeles.
(Incorporated May 10, 1921.)
G. R. D e x t e r , President.

G. H. B e e s m e y e h , Secretary.
Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 216.
Liabilities.

Assets.

Loans,
on
definite
contract,
$110,062.86; on shares and bonds,
$845__________________________
Cash, in office, $2,162.91; in bank,
$61,223.07____________________
Furniture and fixtures - __ _
_
Bonds o w n e d ___ ____
_ ..
_
_______
Revenue stamps._ ___
Total assets .

.

Guarantee stock, capital .
...
Paid-up and prepaid shares, capital
$110,907 86 Investment certificates, principal..
Reserve and undivided profits____
63,385 98 Loans due and incomplete__ __
3,902 59
25,446 27
111 36
$203,754 06

Total receipts

_____________

20,200 00

136,796 76
389 61
21,367 69

$203,754 06

Total liabilities___

$25,000 00 Loans on mortgages and shares___
20,200 00 Investment certificates, principal_
561,672 42 Investment certificates, dividends.
3,375 35 Bonds purchased .
.
_
_
Salaries__
________ ______ ____
1,250 00 Other expenses.
. . .
1,275 50 Office fixtures, etc..
8,567 14 Balance, cash in office and bank_
_
24,576 71
2,401 75
$648,318 87

Total disbursements

.

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$25,000 00

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Guarantee stock. _ . . . .
Paid-up and prepaid shares, dues..
Investment certificates
Interest .
.
. . .
Premiums on guaranteed capital
stock . . . .
.
__
Fees.
. . . . .
Loans repaid .
. .
Bonds so ld .. .
Insurance fees, etc_____

No. of shares, 452.

$98,107
424,875
402
50,022
1,750
5,089
4,685
63,385

31
66

48
98
00
34
12
98

$648,318 87

45

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 25 -

LOS ANGELES.

HOME INVESTMENT BUILDING AND LOAN ASSOCIATION.
P. O. address, care Commercial National Bank, Los Angeles.
(Incorporated April 21, 1889.)
W. A. B o n y n g e , Secretary

I. B. N e w t o n , President.
Fiscal year ended September 30, 1921.

No. of series, 19.

No. of members and investors, 77.
Assets.

Liabilities.

Loans, on mortgages ______ __
Arrearages, on shares, $235; on in­
terest, $1,196.26
___
Cash, in office, $110.80; in bank,
$489.18_______________________
Furniture and fixtures_____ __
Bonds ow ned.. .
. ________
Total assets

.

.

____

$ 111,000 00 Installment shares, dues____
Installment shares, profits
1,431 26 Advance payments
Overdrafts and bills payable
599 98 Reserve and undivided profits____
75 00
2,500 00
$115,606 24

Receipts for Fiscal Year.

Balance from last report
______
Installment shares, dues____ _
_
Interest _
_
________
Fines _____ _ ________
Fees _ _
. . _ __
_
...
..
Loans repaid________
. _____
Overdrafts and bills payable •
Advances repaid, ledger accounts .

Total receipts

No. of shares, 1519.

. .

Total liabilities________ ____

$47,370
8,440
4,996
56,450
1,349

00
78
00
00
46

$115,606 24

Disbursements for Fiscal Year.

$2,052
18,540
7,067
4
55
11,600
37,200

27
00
26
93
00

Overdrafts and bills payable
_
Loans on mortgages and shares_
Interest paid. .
__ ____ ____
Dues repaid, installment shares_
_
Profits repaid, installment shares. .
00 Advances, ledger accounts. . .
00 Salaries
. . . .
____ __
. . . . .
20 00 Taxes.
Other expenses___
Balance, cash in office and bank_
_

$76,539 46

Total disbursements-.

$22,700
41,980
3,245
5,360
1,505

00
00
04
00
61

20 00

877
64
186
599

50
68

65
98

$76,539 46

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
44________________________________
47________________________________
49________________________________
50________________________________
53________________________________
5 5 .. . . . .
. ______________
57________________________________
59________________________________
61________________________________
63________________________________




Age in
months
126
108
96
90
72
60
48
36
24
12

Total dues
per share
$126
108
96
90
72
60
48
36
24

00
00

00
00
00
00

00
00
00

12 00

Book value
per share
$179
146
125
115

88

01
39
58

88 11

71
55
39
25
12

06
07
92
73
39

Withdrawal
value
$179
144
122
111
84

11
46
75

54
38
25
12

80
94
30
29

88

88
68 30

46

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 26.

LOS ANGELES.

LOS ANGELES MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 740 S. Spring Street, Los Angeles.
(Incorporated October 20, 1920.)
R . H o l t b y M e y e r s , Secretary.

W m . A . R y o n , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 602.
Assets.

Loans,
on definite
contract,
$63,225.82; on shares, $385_____
Arrearages, on interest__________
Cash, in bank
_
_________
Furniture and fixtures
_______
Advances, ledger accounts_______
Other assets _ . .
_________

No. of shares, 6535.
Liabilities.

$63,610
56
16,825
1,734
4,412
2,750

82
61
32
46
61
22

Guarantee stock, capital. ________
Installment shares, dues_______ __
Installment shares, p rofits_______
Investment certificates, principal..
Investment certificates, dividends.
Reserve and undivided profits____
Loans due and incomplete_______
Escrows, etc.. _________

$89,390 04

$24,005
16,535
389
30,938
322
392
15,686
1,120

00
00
24
82
19
91
18
70

$89,390 04

Receipts for Fiscal Year.

Disbursements for Fiscal Year.

Guarantee stock_________________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Premiums_______________________
Fees____________________________
Loans repaid____________________
Advances repaid, ledger accounts _
Escrows, etc____________________

$24,005 00
17,244 00
39,616 14
2,922 66
1,568 75
842 00
3,224 18
2,069 25
1,120 70

Loans on mortgages and shares___
Dues repaid, installment shares_
_
Profits repaid, installment shares_
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_____ : . .
Salaries_________________________
Taxes__________________________
Other expenses__________________
Office fixtures, etc_______________
Balance, cash in office and bank . .

$51,148 82
709 00
2 50
8,974 87
154 80
6.295 00
1,942 55

Total receipts_______________

$92,612 68

Total disbursements_________

$92,612 68

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1 per share per month.
Dividend, last fiscal year, 7.3 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




8 00

2,931 59
3,620 23
16,825 32

47

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 27.

LOS ANGELES.

STATE MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 722 S. Spring Street, Los Angeles.
(Incorporated June 20, 1889.)
C. H. W a d e , Secretary.

C. J. W a d e , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 3188.

Assets.
Loans,
on
definite contract,
$5,473,501.10;
on
shares,
$43,046.95; on contract sales,
$32,591.65— . ________________
Arrearages, on interest, $15,575.75;
on fines, $1,454.00_______
Cash, in office, $4,079.70; in bank,
$192,959.82____________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________
Total assets_________________

No. of shares, 8757.
Liabilities.

$5,549,139 70
17,029 75
197,039
14,000
6,598
100,262

52
00
93
69

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Investment certificates, principal..
Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________

$5,884,070 59

Total liabilities___1_________

Receipts for Fiscal Year.

$5,884,070 59

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid snares, dues .
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____ _____
Leans repaid____________________
Advances repaid, ledger accounts .
Bonds sold______________________
Sundry items____________________

$190,430 35
5,636 65
9,500 00
1.-057,076 35
468,535 94
3,853 45
2,850 00
1,351,658 00
7,633 10
82 07
5,950 73

Total receipts_______________

$3,103,206 64

Loans on mortgages and shares_
_ $1,513,045 17
Dividends on guarantee stock____
56,000 00
_
1,777 90
Dues repaid, installment shares_
Profits repaid, installment shares_
243 55
Paid-up and prepaid shares, capital
4,037 50
Paid-up and prepaid shares, divi­
dends_________________________
65,490 35
Investment certificates, principal_
910,479 80
Investment certificates, dividends.
269,116 77
Advances, ledger accounts_______
8,614 50
Salaries_________________________
20,400 00
Taxes___________________________
4,861 43
50,071 67
Other expenses__________________
Office fixtures, etc_______________
2,028 48
Balance, cash in office and bank _ .
197,039 52
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, 50 cents, 60 cents and $1 per share per month.
Dividend, last fiscal year, 9 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$300,000 00
109,994 54
29;803 95
12,152 75
472,200 00
4,652,428 10
142,183 40
2,422 05
18,031 67
141,445 26
3,408 87

$3,103,206 64

48

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 28.

LOS ANGELES.

SOUTHERN CALIFORNIA-METROPOLITAN LOAN ASSOCIATION.
P. O. address, 431 W. Fifth Street, Los Angeles.
(Incorporated March 11, 1887.)
J u l iu s H. M a r t i n , Secretary.

C. E. D o n n a t in , President.
Fiscal year ended December 31, 1921.

No. of series, 21.

No. of members and investors, 1101.

Liabilities.

Assets.

Loans, on mortgages, $2,159,080;
on shares, $10,706..
_ _
Arrearages, on shares____ __ _ .
Cash, in bank _ . _________ . .
Furniture and fixtures. . .
_
_
Advances, ledger accounts
_
Bonds owned _
____ __ _____

$2,169,786
57
36,946
1,350
39
13,500

00
00

51

00
00
00

$2,221,678 51

Total assets. ___ __

Receipts for Fiscal Year.

Balance from last report
_ __
_
Installment shares, dues.
Investment certificates. .
Interest
Loans repaid. _
._ _ _
Advances repaid, ledger accounts .
Commissions, etc_________ ______

Total receipts___

_

No. of shares, 12,467.

_
_

Guarantee stock, capital. ______
Guarantee stock, surplus- _
Installment shares, dues.
___
Installment shares, profits . _____
Investment certificates, principal_
Advance payments___ __
_____
Overdrafts and bills payable
. .
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts. _ ____

$125,000
69.038
414,622
103,622
1,355,462
1,166
30,000
25,464
97,278
25

00
02
00
78
13
00

00
28
30
00

$2,221,678 51

Total liabilities

Disbursements for Fiscal Year..

$12,270
65,861
226,010
84,483
191,608
4,012
490

62 Overdrafts and bills payable . . .
00 Loans on mortgages and shares_
_
09 Interest p a i d _____ . . . ______
06 Dividends on guarantee stock _
_
00 Dues repaid, installment shares_
_
05 Profits repaid, installment shares .
50 Investment certificates, principal..
Investment certificates, dividends
Advances, ledger accounts .
_ _
_ .
Salaries_______
Taxes..
.
_
_
Other expensesSuspense, etc.
. . . . .
_
Balance, cash in office and bank_

$584,735 32

Total disbursements

. . .

$99,000 00
187,988 19
2,490 40
10,000 00

37,259 30
11,238 39
180,404 70
755 66
5,701 *74
9,100 00
1,148 89
2,638 19
63 35
36,946 51
$584,735 32

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
46_________ _________ ____________
48. _____________________________
50_______________________________
52_______________________________
54_______________________________
56_______________________________
58_______________________________
60_______________________________
62_____________ _____ ____________
64_______ : . ________ _____________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$175
152
130
109
90
72
55
40
25
12

95
22
12
47
25
29
60
10
94
41

Withdrawal
value
$175
152
130
103
82
67
52
38
25
12

95
22
12
10
95
37
56
46
04
25

49

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 29.

MADERA.

MADERA MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, care Madera Abstract Company, Madera.
(Incorporated October 26, 1912.)
E. M . M cC ardle , Secretary.

J. B. H igh , President.

Fiscal year ended October 31, 1921.
No. of series, none.

No. cf members and investors, 108.
Assets.

Loans, on definite contract_______
Arrearages, on shares, $130; on
interest, $136.46_______________
Cash, in office, $161.50; in bank,
$1,631.29_____________________
Bonds owned___________________
Total assets________________

No. of shares, 1107.
Liabilities.

$85,218 59 Installment shares, dues_________
Installment shares, profits_______
$266 46 Advance payments______________
Overdrafts and bills payable_____
1,792 79 Reserve and undivided profits____
200 00 Loans due and incomplete_______
Total liabilities_____________

$87,477 84

Receipts for Fiscal Year.

$52,554
16,359
630
12,321
3,411
2,200

25
95
00
70
94
00

$87,477 84

Disbursements for Fiscal Year.

$1,523 36
12,657 00
6,435 81
2 00
20 00
19,995 28
17,066 86
750

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
_
Dues repaid, installment shares_
Profits repaid, installment shares.Salaries_________________________
Taxes__________________ : _______
Other expenses__________________
Balance, cash in office and bank_
_

$4,745 16
48,490
211
1,554
371 05
385 00
49 22
109 59
1,792 79

Total receipts_______________

$57,707 81

Total disbursements_________

$57,707 81

Installment Shares, With Age, Value, and Withdrawal. Value.

Dayton plan.
Dues $1 per share per month.
Dividend, last fiscal year, 8.75 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.

4- -21142




888

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
All other receipts________________

50

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 30.

MERCED.

MERCED MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 448 Seventeenth Street, Merced.
(Incorporated June 22, 1891.)
J. H. S im o n so n , Secretary.

R. M. B o n e y , President.
Fiscal year ended June 30, 1922.

No. of series, 11.

No. of members and investors, 407.
Assets.

Liabilities.

Loans, on mortgages, $207,710;
on shares, $350 _____________ _
Arrearages, on shares, $281; on in­
terest, $359.50; on fines, $118.06.
Cash, in bank _ ________
Furniture and fixtures. _____ _
_
Total assets_____________

_.

$208,060 00
758 56
760 87
180 00
$209,759 43

Receipts for Fiscal Year.

Balance from last report
______
Installment shares, dues____
Interest
____ _______
Fines .
.
_
F e e s__
.
. . .
Loans repaid
_
. .
Advances repaid, ledger accounts .
Bonds sold. . . .
...
Total receipts________

No. of shares, 3557.

_ ..

_
Installment shares, dues
_ _
Installment shares, profits
____
Advance payments
. _
...
Reserve and undivided profits____
Loans due and incomplete . _
Sundry ledger accounts. .
. . .
Total liabilities___________

.

$159,456
41,044
277
6,476
2,204
300

00
80
40
98
25
00

$209,759 43

Disbursements for Fiscal Year.

$313
44,274
15,633
72
89
33,850
9,000
300
9,676

33
00
98
56
70
00
00
00
00

Overdrafts and bills payable . . .
Loans on mortgages and shares_
_
Interest paid
__ ____
. _
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Advances, ledger accounts _ ___

$113,209 57

Total disbursements__ ______

Other expenses
. . . . .
Balance, cash in office and bank_
_

$15,000
53,443
871
29,352
11,741
70
1,707
262
760

00
20
62
00
85
00
50
53
87

$113,209 57

Installment. Shares, With Age, Value, and Withdrawal Value.
Serial No.
24________________________________
25_________ ______________________
26________________________________
27________________________________
28________________________________
29________________________________
30_______________________________
31________________________________
32________________________________
33________________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$175
151
129
108
89
72
55
40
25
12

20
56
48
91
80
07
57
18
87
49

Withdrawal
value
$150
132
115
98
82
67
52
38
25
12

25
53
40
88

95
73
90
78
21
33

51

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 31.

MILL VALLEY.

TAMALPAIS MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, Box 575, Mill Valley.
(Incorporated March 16, 1897.)
P a u l H e l m o b e , Secretary.

T. J. S e w a l l , President.
Fiscal year ended April 29, 1922.

No. of series, 22.

No. of members and investors, 157.
Liabilities.

Assets.

Loans, on mortgages, $2,800; on
definite contract, $43,322.62; on
contract sales, $630.45. _
___
Arrearages, on shares, $460.67; on
interest, $638.84; on fines, $29.86
Cash, in office, $48.43; in bank,
$2,275.43 _____________________
Real estate owned _____
Furniture and fixtures .
__
Advances, ledger accounts______
Total assets_____________

No. o f shares, 1422.

.

Installment shares, d u e s _____ ___
Installment shares, profits____ __ .
$46,753 07 Paid-up and prepaid shares, capital
_
Advance payments_ ______ _____
1,129 37 Reserve and undivided profits____
Loans due and incomplete_______
2,323 86 Sundry ledger accou n ts_____' . .
1,924 91
126 75
153 57

$17,099
2,605
30,300
74
513
1,800
18

$52,411 53

$52,411 53

Receipts for Fiscal Year.

Balance from last r e p o r t _ _____
_
Installment shares, dues_
_
. ..
Paid-up and prepaid shares, dues..
In terest...__________________ ...
Fines . ________
__________ . .
Fees.
. .
_
_
...
Loans repaid
.
._
_____
Advances, ledger accounts__ ____

Total re ce ip ts______________

Total liabilities_____________

45
82
00
00
76
00

50

Disbursements for Fiscal Year.

$1,479
7,079
7,400
3,863
65
14
16,320
169

75
63
00
48
25
00
69
00

$36,391 80

Overdrafts and bills payable.. .
_
Loans on mortgages and shares_
Interest paid
. . .
_
Dues repaid, installment shares_
Profits repaid, installment shares. _
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi______
dends.
Advances, ledger accounts. _ .
Salaries ________
Taxes___ ____ _
_ _. ______
Other expenses____ . . .
All other disbursements.. .
Balance, cash in office and bank'__
Total disbursements___

_ .

$2,000
14,000
106
6,517
923
7,600
1,781
236
600
103
136
63
2,323

00

00
54
30
09
00
50
20
00

37
25
69
86

$36,391 80

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
62________________________________
65_________ _____ ______ __________
69________________________________
73______ ______ ___________________
75________________________________
79_______________ _____ __________
83____________ ___________________




Age in
months
81
72
60
48
36
24
12

Total dues
per share
$81
72
60
48
36
24

00

00

00

00
00
00

12 00

Book value
per share
$100 04
86 69
70 13
54 54
39 72
25 17
12 45

Withdrawal
value
$100 04
86 69
70 13
54 54
39 72
25 17
12 45

52

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 32.

NAPA.

NAPA BUILDING AND LOAN ASSOCIATION.
P. O. address, 112 First Street, Napa.
(Incorporated September 8 , 1888.)
J oh n N. M o u n t , Secretary.

. E. D. B e a r d , President.
Fiscal year ended May 28, 1922.

No. of series, 14.

No. of members and investors, 517.

Assets.
Loans, on mortgages, $400,009.64;
on shares, $18,480_____________
Arrearages, on shares, $269; on
interest, $376.87; on fines, $61.55
Cash, in bank___________________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned___________________

Liabilities.
$418,489 64
707 42
10,891 43
150 00
2,319 97
4,354 33
$436,912 79

Total assets.

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues-Interest_________________________
Premiums_______________________
Fines___________________________
Fees______________ ._____________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts Bonds sold______________________

•Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Advance payments______________
Reserve and undivided profits____
All other liabilities__________

$314,525
80,649
33,200
1,245
6,604

00
93
00
00
53
688 33

$436,912 79

Total liabilities.

Disbursements for Fiscal Year.
$5,904 76
70,436 00
12,500 00
28,572 44
29 71
433 03
80
72,608 68
26,500 00
1,148 95
33 24
$218,167 61

Total receipts

No. of shares, 6000.

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Advances, ledger accounts_______
Salaries_________-_______________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank__
Total disbursements.

$26,500 00
88,275 62
2,854 89
43,437 00
11,877 77
27,300 00
3,468 92
2,794 00
425 30
342 68
10,891 43
$218,167 61

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
28________________________________
29________________________________
30________________________________
31________________________________
32________________________________
33________________________________
34________________________________
35________________________________
37________________________________
39________________________________




Age in
months

Total dues
per share

113

$113 00

101

101 00

89
77
65
53
41
29
17
5

89
77
65
53
41
29
17
5

00
00
00
00
00
00
00
00

Book value
per share
$153
132
113
94
77
61
45
31
17
5

84
81
15
67
34
03
69
30
88

16

Withdrawal
value
$139
122
105
89
73
58
44
30
17
5

60
25
50
35
80
85
50
75
62
00

53

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 33.

NEWCASTLE.

NEWCASTLE BUILDING AND LOAN ASSOCIATION.
P. O. address, care Pioneer Fruit Company, Newcastle.
(Incorporated May 20, 1889.)
J oh n W a l l a c e , Secretary.

G e o . W. B is b e e , President.

Fiscal year ended April 30, 1922.
■No. of series, 11.

'No. of members and investors, 72.
Assets.

Liabilities.

Loans, on mortgages, $86,313.75;
on shares, $400 __ ____________
Cash, in office, $317.05; in bank,
$547.29_______________________
Real estate, owned_ __ . . . .
_
Furniture and fixtures.
. . .
_____
Bonds owned
..
. .
Total assets

. . _.

.. ..

$86,713 75
864
1,473
50
350

34
53
00
00

$89,451 62

Receipts for Fiscal Year.

Balance from last report _______
Installment shares, dues___
. .
Paid-up and prepaid shares, dues..
Interest____ ______ __
______
Fines.. . . . . __ ____ __
Fees__ __
. . . _ _______ ____
Loans repaid _
_ _ _ . _
Overdrafts and bills payable — _
Loan expenses, e t c . . . __ ________

Total receipts

.

No. of shares, 897.

__________

Installment shares, dues
___
Installment shares, profits
Paid-up and prepaid shares, capital
Advance payments._____ ________
Overdrafts and bills payable____
Reserve and undivided profits____
Sundry ledger accou n ts________
Total liabilities_____________

$41,867
11,615
3,400
152
29,334
3,008
73

00
44
00
16
69
83
50

$89,451 62

Disbursements for Fiscal Year.

$4,549
10,816
3,400
5,888
104
15
10,761
56,060
93

44 Overdrafts and bills payable___ __
00 Loans on mortgages and shares_
_
00 Interest paid
59 Dues repaid, installment shares_
_
49 Profits repaid, installment shares. .
50 Paid-up and prepaid shares, divi­
25
__ . . . .
dends
25 Salaries
. ______ __
75 Taxes______ . . _.
_
Other expenses . .
. .
Balance, cash in office and bank_
_

$91,689 27

Total disbursements. ._

. -

$26,744
35,750
1,297
18,015
8,194

41
00
16
00
00

105
390
97
230
864

50
49
71
34

66

$91,689 27

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
24________________________________
25________________________________
2 6 i ______________________________
27________________________________
28 ______________________________
29________________________________
30________________________________
31_________ ______________________
32
____________________________
33________ _______ ________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$170
148
127
107
89
71
55
40
25
12

Withdrawal
value

73
58
66

92
37
93
58
26
90
48

Dues plus
profits as
per by-laws

54

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 34.

OAKLAND.

ALAMEDA COUNTY LOAN ASSOCIATION.
P. O. address, 563 Sixteenth Street, Oakland.
(Incorporated July 20, 1875.)
H. L. K r u e g e r , Secretary.

J. B. R ic h a r d s o n , President.
Fiscal year ended June 30, 1922.

No. of series, none..

No. of members and investors, 1067.
Liabilities.

Assets.

Loans,
on
definite contract,
$715,099.62; on shares, $3,300;
on contract sales, $11,994.75____
Arrearages, on interest___________
Cash, in office, $200; in bank,
$16,734.47____________________
Real estate, owned (office building,
$57,946)______________________
Furniture and fixtures___________
Bonds owned____________________

Total assets_________________

$730,394 37
753 23
16,934 47
62,217 31
325 00
4,500 00

$815,124 38

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues..
Investment certificates___________
Interest_________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold_________________
Bonds sold______________________
Rents, etc_______________________

Total receipts.

No. of shares, 6145.

Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Depreciation reserve_____________
Total liabilities_____________

14,182 38
187,710 51
14,538 85
46 05
33,513 15
77,970 92
3,749 67
3,082 50
$815,124 38

Disbursements for Fiscal Year.
$8,812 99
182,385 07
20,451 43
83,409 81
47,953 38
234,60? 34
7S.000 00
890 71
1,500 00
1,000 00
3,283 15

Overdrafts and bills payable. ___
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Building expense, etc____________
Balance, cash in office and bank_
_

$103,000 00
319,870 05
11,891 71
96,405 46
20,649 65
10,064 68

$662,289 88

Total disbursements_________

$662,289 88

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$367,234 77
60,357 47
52,738 11

2,307 87
55,151 48
10,750 19
738 10
86 95
6,572 50
620 96
3,979 53
3,266 28
16,934 47

55

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 35.

OAKLAND.

CALIFORNIA HOME INVESTMENT ASSOCIATION.
P. O. address, 440-444 17th street, Oakland.
(Incorporated December 7, 1908.)
F r e d e r ic k H. C l a r k , Secretary.

A. E. S h a w , President.
Fiscal year ended March 31, 1922.

No. of series, none.

No. of members and investors, 1417.
Assets.

Loan,
on
definite
contract,
$422,750.95; on shares, $3,440_
_
Arrearages, on interest___________
Cash, in office, $500.95; in bank,
$5,495.82_____________________
Real estate, owned (office building) _
Furniture and fixtures___________
Advances, ledger accounts_______

Total assets.

Liabilities.

$423,190 95
3,647 42
5,996
65,692
1,308
1,149

77
31
63
15

$503,985 23

Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock_________________
Installment shares, dues_________
Paid-up and prepaid shares, dues. .
Investment certificates___________
Interest_________________________
Fees____________________________ ’
Loans, repaid___________________
Overdrafts and bills payable-------Advances repaid, ledger accounts .
Real estate sold_________________
Bonds sold______________________
Rents, etc_______________________

Total receipts.

No. of shares, 23,608.

Guarantee stock, capital_________
Guarantee stock, surplus___ ,____
Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends------------------------------------Investment certificates, principal-.
Investment certificates, dividends.
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Tax reserves, etc________________
Total liabilities_____________

3,210 97
10,000 00
150 00
901 22
74,146 48
7 46
39,251 97
720 10
1,338 60
$503,985 23

Disbursements for Fiscal Year.

$ 11,668
1,679
84,223
31,250
4,859
31,217
12,477
195,842
165,150
6,711
25,000
4,167
14,645

37 Overdrafts and bills payable_____
01 Loans on mortgages and shares___
05 Interest paid____________________
00 Dividends on guarantee stock____
_
89 Dues repaid, installment shares_
19 Profits repaid, installment shares. _
50 Paid-up and prepaid shares, capital
82 Paid-up and prepaid shares, divi­
dends_________________________
17
57 Investment certificates, principal..
00 Investment certificates, dividends.
21 Advances, ledger accounts_______
04 Real estate acquired_____________
Bonds purchased________________
Salaries_________________________
Taxes___________________________
Other expenses, including agents’
commissions__________________
Office fixtures, etc_______________
Balance, cash in office and bank_
_

$588,891 82

Total disbursements_________

Installments Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$42,511 33
14,115 00
94,689 48
5,817 62
217,125 00

$116,003 69
287,143 45
3,889 50
2,831 42
34,212 38
1,256 96
7,325 00
12,292 20
4,859 89
600 00
9,136 59
78,928 80
500 00
3,795 00
238 90
18,565 04
1,316 23
5,996 77
$588,891 82

56

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 36.

OAKLAND.

COSMOPOLITAN MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 355 Twelfth street, Oakland.
(Incorporated August 4, 1879.)
W. S. G o u l d , Secretary.

R. C. B it t e b m a n , President.
Fiscal year ended July 31, 1921.

No. of series, none.

No. of members and investors, 187.
Assets.

Loans,
on
definite
contract,
$295,432.49; on shares,$10,594.51
Arrearages, on interest_ __
_
Cash, in bank
Furniture and fixtures
Advances, ledger accounts.
Bonds owned ________ __________
Other assets . .
. . . . . .
Total assets

. .

...

Liabilities.
Installment shares, dues.
___
$306,027 00 Installment shares, profits .
2,454 94 Paid-up and prepaid shares, capital
224 09 Investment certificates, principal..
1,100 00 Overdrafts and bills payable _
136 24 Reserve and undivided profits____
7,702 63 Loans due and incomplete___ . .
328 61 Sundry ledger a ccou n ts_______ .
$317,973 51

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues - Investment certificates__________
Interest_________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts Real estate sold____________' ____
Bonds sold______________________
Taxes, etc_______________________

Total receipts.

No. of shares, 3801.

Total liabilities_ __
_

_____

29
80
00
27
00
64
43
08

$317,973 51

Disbursements for Fiscal Year.
$5,740
28,531
35,700
26,267
19,663
74,632
20,500
19,922
1,512
3,590
964

88

49
00

04
27
04
00

81
34
98
49

$237,025 34

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares.Paid-up and prepaid shares; capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal—
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Bonds purchased________________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Office fixtures, etc_______________
Balance, cash in office and bank___
Total disbursements__ '______

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 5 % per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$95,510
18,097
67,100
34,964
80,500
7,033
10,493
4,274

$ 18,800 50
142,743 34
4,654 92
20,528 79
2,802 49
3,200 00
2,196 26
15,024 69
1,998 95
15,550 06
1,430 66
2,904 04
2,550 00
604 99
1,702 48
109 08
224 09
$237,025 34

57

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 37.

OCEANSIDE.

OCEANSIDE BUILDING AND LOAN ASSOCIATION.
P. O. address, care C. R. McCormick Lumber Co., Oceanside.
(Incorporated April 9, 1920.)
M a lo n L it t l e f ie l d , Secretary.

R. S. R e id , President.
Fiscal year ended December 31, 1921.
No. of members and investors, 103.

Assets.
Loans, on mortgages, $500; on
definite contract, $18,697.23____
Cash, in office, $1,051.99; in bank,
$34.43________________________
Advances, ledger accounts
Total assets. ............ ...........

Liabilities.
Installment shares, dues
_ .
_
$19,197 23 Installment shares, profits _
Paid-up and prepaid shares, capital
1,086 42 Reserve and undivided profits____
150 00 Sundry ledger accounts _____

$14,625
522
2,900
36
2,349

$20,433 65

$20,433 65

Total liabilities.

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues .
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Advances repaid, ledger accounts _
Total receipts_______________

No. of shares, 1657.

_. ______

Disbursements for Fiscal Year.
$1,336 56
9,896 65
2,900 00
925 17
18 84
26 10
1,675 26
3,110 35

_
Loans on mortgages and shares_
Interest paid____________________
Dues repaid, installment shares_
_
Paid-up and prepaid shares, capital
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$19,888 93

Total disbursements::________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 5 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




00
73
00
25
67

$15,300
63
2,217
100
700
300
28
93
1,086

00
41
65

sss

No. of series, none.

00
45
42

$19,888 93

58

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 38.

ONTARIO.

PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 235 North Euclid Avenue, Ontario.
(Incorporated June 24, 1891.)
J. O. H e n d e r s o n , Secretary.

A. P. H a r w o o d , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 809.
Assets.

Liabilities.

Loans, on mortgages, $760,550; on
shares, $3,083.11
- _
_
Arrearages, on interest, $3,082.93;
on fines, $364.40-. ___________
Cash, in bank
___
_
_
Real estate, owned (office building,
$8,732________ _____________
Furniture and fixtures. ________
Advances, ledger accounts
Bonds owned. _______
Insurance premiums.
Total assets

.

. . .

$763,633 11
3,447 33

11,688 04

34,429
1,780
39
10,050
946

31
40
57

Installment shares, dues. . . . .
Installment shares, profits .
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, dividends___ ______ ________ ______
Reserve and undivided profits____
Loans due and incomplete —
Sundry ledger accounts_______ __

45
19
40
41

Total liabilities-

__

$826,014 13

Disbursements for Fiscal Year.
$13,239
178,717
146,050
52,344
359
277
278,014
14,559
9,726
379

76 Loans on mortgages and shares_
_
72 Dues repaid, installment shares_
_
00 Profits repaid, installment shares..
78 Paid-up and prepaid shares, capital
30 Paid-uo and prepaid shares, divi80
dends
.
. ________
13 Advances, ledger accounts. _
00 Real estate Required .
58 Salaries . . . .
00 T a x e s_____
. .
Other expenses __ . . .
Balance, cash in office and bank_
_

$693,668 07

Total disbursements

____

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 60 cents per share per month.
Dividend, last fiscal year, 7.25 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




13,215
18,708
18,247
682

37

Receipts for Fiscal Year

___

$244,943 87
64,516 81
465,700 00

00

$826,014 13

Balance from last report____ _
_
Installment shares, dues
Paid-up and prepaid shares, dues . .
_______
InterestFines .
_ _ _
_ _______
__________ _____________
Fees
Loans repaid .
_
_ _____
Advances repaid, ledger accounts _
Real estate sold
_____ __ _____
R e n t s ________ __ _____________

Total receipts- . . .

No. of shares, 15,509.

$381,121
137,312
13,705
96,525

01

26,113
11,648
6,899
5,700
980
1,974

06
64
26

57
60
00

00

63
26
11,688 04

$693,668 07

59

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 39 .

ORANGE.

ORANGE BUILDING AND LOAN ASSOCIATION.
P. O. address, Bank of Orange Building, Orange.
(Incorporated September 21, 1887.)
O sm a n P i x l e y , Secretary.

D. F. C a m p b e l l , President.
Fiscal year ended October 31, 1921.

No. of series, 13.

No. of members and investors, 480.
Liabilities.

Assets.

Loans, on mortgages, $144,700; on
definite contract, $659,823.52;
on shares, $7,228; on contract
sales, $14,685.78_______________
Arrearages, on shares, $97; on
interest, $1,037.90; on fines,
$118.90_______________________
Cash, in office, $256.57; in bank,
$12,629.91____________________
Furniture and fixtures___________
Advances, ledger accounts___ ____
Total assets____________ ____

$826,437 30
1,253 80
12,886 48
623 65
704 92
$841,906 15

Total receip ts______________

Guarantee stock, capital___. . .
Guarantee stock, surplus. . _
Installment shares, dues
_ . ..
Installment shares, p rofits_____
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends___ _____ _______________
Overdrafts and bills payable___
Reserve and undivided profits____
Loans due and incomplete___
Sundry ledger accounts. . . .
Dividends unpaid_ . . . .
_
Total liabilities_____ ________

$50,000
23,500
141,333
58,108
516,050

00
00
00
67
00

10,661 50
10,000 00

4,135
23,852
265
4,000

69
29
00
00

$841,906 15

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last r e p o r t . . ______
Installment shares, dues___
Paid-up and prepaid shares, dues..
Interest .
.
_______ ________
Fines___________________________
Loans repaid
_
_ _________
Advances repaid, ledger accounts _
Insurance. _____________________

No. of shares, 4395.

$21,663
20,970
180,150
71.693
657
209,238
1,756
462

64
50
00
76
74
16

Loans on mortgages and shares___
Dividends on guarantee s t o c k ___
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
68
dends_________________________
12 Advances, ledger accounts________
Salaries _ . _______ ____________
Taxes
____________ ________
Other expenses__________________
All other disbursements-_ .
. .
Balance, cash in office and bank___

$506,592 60

Total disbursements_________

$311,856
7,000
42,591
19,245
78,200

08
00
25
03
00

26,703
2,362
3,536
578
1,430

50
96
66

42
11

202 11

12,886 48
$506,592 60

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
24________________________________
26________ ______ __________ ______
28________________________________
3 0 . . . ____ _______________________
32________________________________
34......... ................................................
35________________________________




Age in
months
120

108
96
84
72
60
54

Total dues
per share
$120 00
108 00

96
84
72
60
54

00
00
00
00

00

Book value
per share
$186
160
135
113
93
74
65

16
01

91
69
25
38
55

Withdrawal
value
$186
160
135
113
87
70
62

16
01

91
69
94
78
66

60

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 40.

OXNARD.

OXNARD BUILDING AND LOAN ASSOCIATION.
P. O. address, 352 A Street, Oxnard.
(Incorporated July 13, 1921.)
J. L . H o w l a n d , Secretary.

A. L e v y , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 55.
Assets.

Loans, on mortgages_____________
Cash, in office, $150; in bank,
$2,950.05_______________ ______

Total assets_________________

Liabilities.

$11,300 00 Guarantee stock, capital_________
Guarantee stock, surplus_________
3,100 05 Installment" shares, dues_________
Reserve and undivided profits____
Loans due and incomplete_______
$14,400 05

Receipts for Fiscal Year.

Guarantee stock
.
_ _
Installment shares, dues______ -In te re st--__
Fees _ __ _____
_
Advances repaid, ledger accounts _
Capital bonus, etc. - - .
Total receipts--- - ____ ____

No. of shares, 368.

Total liabilities_____________

00
22
00
26
57

$14,400 05

Disbursements for Fiscal Year.

$9,150 00 Loans on mortgages and shares_
_
101 00 Advances, ledger accounts- ______
130 20 Taxes_
_
- - _ - _
56 50 Other expenses __
_____
795 90 Balance, cash in office and bank_
_
1,276 56
$11,510 16

Total disbursements________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues plus 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$9,150
958
101
188
4,002

$7,297
795
4
312
3,100

43
90
00
78
05

$11,510 16

61

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 41 .

PALO ALTO.

PALO ALTO MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 259 University Avenue, Palo Alto.
(Incorporated November 14, 1892.)
E d w a r d J e s u r u n , Secretary.

A . B . C l a r k , President.

Fiscal year ended September 30, 1921.
No. of series, none.

No. of members and investors, 601.
Assets.

Loans,
on
definite
contract,
$839,364.04; on shares, $2,153.38
Cash, in office, $400; in bank,
$14,093.96__________
Real estate, owned.
Furniture and fixtures. .
Other assets.

Total assets

Liabilities.

$841,517 42
14,493 96
26,573 21
1,617 21
6 49

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Investment certificates, principal..
Investment certificates, dividends.
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________

$884,208 29

Total liabilities.

Receipts for Fiscal Year.
Balance from last report_________
Guarantee stock_________________
Installment shares, d u e s ..!______
Paid-up and prepaid shares, dues. .
Investment certificates___________
Interest_________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Real estate sold_________________
Rents, safe deposit______________

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal-.
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank_
_
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$49,400
3,370
51,800
17,622
40,385
637,098
791

00
00
32
70
00
31
13

20,000 00

15,964 38
47,588 56
187 89
$884,208 29

Disbursements for Fiscal Year.
$15,980 30
10,000 00
17,750 56
19,825 23
396,946 76
60,931 60
177 35
231,564 55
27,500 00
3,280 44
36,060 14
112 00

$820,128 93

Total receipts.

No. of shares, 1607.

$42,500 00
374,230 24
840 69
3,349 00
23,610 89
8,490 02
1,700 00
2,228 45
294,821 37
36,391 88
2,785 29
5,828 31
5,520 00
725 46
2,613 37
14,493 96
$820,128 93

62

REPORT ON BUILDING AND LO A N . ASSOCIATIONS.

No. 42.

PASADENA.

CALIFORNIA SECURITY LOAN CORPORATION.
P. O. address, 170 East Colorado Street, Pasadena.
(Incorporated March 22, 1809.)
A. J. M o r r i #, Secretary.

A. W. B y r n e , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 1,436.
Liabilities.

Assets.

Loans, on mortgages, $133,373.50;
on definite contract, $1,005,991.42; on shares, $6,290; on
contract sales, $54,521.94_______
Arrearages, on interest___________
Cash, in office, $4,493.89; in bank,
$36,007.47____________________
Real estate, owned (office building,
$43,161)______________________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________
Total assets________________

$1,200,176 86
1,697 91
40,501 36
50,010
1,266
1,699
9,900

80

$1,305,252 69

Total liabilities_____________

$1,305,252 69

Disbursements for Fiscal Year.

$33,603 34
635,195 21
104,985 75
4,475 42
332 73
438,114 72
98,000 00
44,312 81
6,643 34
69,697 05
1,193 48

$103,000 00
Overdrafts and bills payable_____
Loans on mortgages and shares_
_
436,401 58
Interest paid___<
_________________
1,133 59
Dividends on guarantee stock____
14,000 00
Investment certificates, principal..
670,605 77
Investment certificates, dividends.
63,374 17
Advances, ledger accounts_______
41,223 35
Real estate acquired_____________
1,718 30
Bonds purchased________________
36,549 85
Salaries_________________________
15,973 32
Taxes____________________
2,141
69
4,456 64
Other expenses__________________
All other disbursements__________
2,474 23
Balance, cash in office and bank___
40,501 36
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 5 per cent.
Book value dues plus dividend.
Withdrawal value, full book value.




$100,000 00
25,000 00
1,106,093 13
1,023 02
20,000 10
10,336 34
30,612 14
2,270 66
9,917 40

66

$1,433,553 85

Total receipts.

Guarantee stock, capital_________
Guarantee' stock, surplus_________
Investment certificates, principal-.
Investment certificates, dividends.
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Unpaid dividends, etc.-___________

10
00

Receipts for Fiscal Year.

Balance from last report_________
Investment certificates_______ 1 ..
Interest_________________________
Premiums_______________________
Fines___________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Real estate sold_________________
Bonds sold__________________ . . .
All other receipts________________

No. of shares, 1000.

$1,433,553 85

63

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No.

43 .

PASADENA.

PASADENA BUILDING AND LOAN ASSOCIATION.
P. O. address, 18 North. Marengo Avenue, Pasadena.
(Incorporated February 16, 1899.)
E v e r e t t D. H i l l , Secretary.

S o l o n B r ig g s , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 704.
Liabilities.

Assets.

Loans, on mortgages, $65,930.01;
on definite contract, $316,529.61;
on shares, $2,871.42____________
Arrearages, on interest___________
Cash, in office, $1,355; in bank,
$32,231.21____________________
Bonds owned___________________

Total assets

$385,331 04
2,217 49
33,586 21
7,100 00

$428,234 74

Receipts for Fiscal Year.

Balance from last report______. . .
Installment shares, dues_________
Paid-up and prepaid shares, dues. .
Investment certificates___________
Interest_________________________
Loans repaid____________________
Advances repaid, ledger accounts .

Total receipts.

No. of shares, 2252.

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal-.
Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Dividends unpaid_______________
Total liabilities_____________

3,279 81
197,918 78
14,051 33
722 50
5,945 10
28,799 27
1,260 00
$428,234 74

Disbursements for Fiscal Year.

$24,263
6,478
68,700
164,396
27,490
82,730
130,717

20

55

00

7b
25
91
04

$504,776 73

Loans on mortgages and shares_
_
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$148,291 76
2,520 00
5,953 18
2,851 03
35,700 00

Total disbursements_________

$504,776 73

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$18,000 00
4,326 83
19,070 91
26,110 21
108,750 00

4,760 46
139,878 73
7,073 21
118,196 27
4,288 O
Q
316 59
1,361 29
33,586 21

64

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 44- PASO ROBLES.

PASO ROBLES MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 1336 Spring Street, Paso Robles.
(Incorporated September 2, 1905.)
L y m a n B b e w e r , Secretary.

B. J. D o u g h e e t y , President.
Fiscal year ended August 31, 1921.

No. of series, 10.

No. of members and investors, 45.
Assets.

Liabilities.

Loans,
on
definite
contract,
$18,920.87; on shares, $100_____
Arrearages, on shares
. _ .
Cash, in bank.
__
_ ___ .
Furniture and fixtures. _ _ -

Total assets -

_

$19,020
30
4,433
156

87
00
27
55

$23,640 69

Receipts for Fiscal Year.

Balance from last report.
Installment shares, dues _____ __
Investment certificates. _________
Interest
._ ______
____ __
Fines. . . - - - - - - __
Fees.. ______ __
--_
Loans repaid. _ ___ ________ ____
Advances repaid, ledger accounts _

Total receipts____ - ___

No. of shares, 370.

..

$7,745
2,162
1,500
7,200
60
4,837
135

Installment shares, dues_________
Installment shares, profits .
Paid-up and prepaid shares, capital
Investment certificates, principal..
Advance payments _____ __
Reserve and undivided profits____
Sundry ledger accounts. _ _
Total liabilities.

_

_______

20
73
00
00
00

36
40

$23,640 69

Disbursements for Fiscal Year.

$1,077
2,824
7,200
2,625
4
2
11,587
14

09
55
00
27
75
85
58
50

$25,336 59

_
Loans on mortgages and shares_
Interest paid
Dues repaid, installment shares_
_
Profits repaid, installment shares.Paid-up and prepaid shares, divi­
dends
-_ . - - - - - Investment certificates, principal.Investment certificates, dividends.
Advances, ledger accounts . .
_ _
Salaries___ _____ Taxes. .
__ _
__ __
Other expenses. _
_
_ _
Balance, cash in office and bank _ _
Total disbursements____ ____

$4,000
' 53
3,054
1,738

00
17
00
20

83
9,750
549
1,060
360
38
217
4,433

00
00
95
00

00
00
00
27

$25,336 59

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
18_______ _______ _________________
19________________________________

22 ________________________________

24________________________________
25________________________________
26________________________________
27________________________________
28________________________________
29________________________________
30________________________________




Age in
months
96
93
60
42
41

Total dues
per share
$96
93
60
42
41

00
00
00

00
00

21

21 00

17

17 00

12
10
8

12 00
10 00
8 00

Book value
per share
$140
134
77
49
47
23
18
12
10

Withdrawal
value

61
90
13
25
87
26

Dues plus

86

-per by-laws

15
45

8 30

profits as

65

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 45.

PLEASANTON.

PLEASANTON MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, care Bank of Pleasanton, Pleasanton.
(Incorporated March 1, 1895.)
T. H. S il v e r , Secretary.

C. L e t h a m , President.
Fiscal year ended March 31, 1922.

No. of series, 20.

No. of members and investors, 45.
Liabilities.

Assets.

Loans, on mortgages___ _____ __ _
Cash, in bank____________ ____ __
Total assets_ _________ __ _

$18,850 00 Installment shares, d u e s ________
1,234 02 Installment shares, profits
_ _
Reserve and undivided profits____

$14,442 00
3,130 15
2,511 87

$20,084 02

$20,084 02

Receipts for Fiscal Year.

Balance from last report - _ . _ _
Installment shares, dues____- - _
Interest
_ _______________ ____
F e e s ._________ _ _ ________ __ _
Loans repaid- _________________
Overdrafts and bills payable-. __

Total receipts___ ____ _

No. of shares, 313.

-

Total liabilities- _ . _____

Disbursements for Fiscal Year.

$3,572
3,600
1,323
4
2,550

37
00
70
00
00

1,000 00

$12,070 07

_
Overdrafts and bills p a y a b le .._
Loans' on mortgages and shares___
Interest paid.
_ _
.
_
Dues repaid, installment shares_
Profits repaid, installment shares..
Salaries . _ . ___________ ______
Taxes . _ .
_
_
_____
Other expenses _ _ _ _
_____
Balance, cash in office and bank___

$ 1,000 00

Total disbursements__ ______

$12,070 07

6,000 00

35
2,514
1,074
175
36

00
00
05
00
00

2 00

1,234 02

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
33.........................................................
36________________________________
38_______________ _________ ______
40________________________________
42_______ _____ ___________________
44. _____________________________
46_______________________ ______ _
48_ _____________________________
_
50________________________________
52________________________________

6—
-21142




Age in
months
126
108
96
84
72
60
48
36
24
12

Total dues
per share
$126
108
96
84
72
60
48
36
24

00
00

00
00
00
00

00
00
00

12 00

Book value
per share
$176
144
123
104
86

70
54
39
25
12

50
00
70
65
90
15
40
60
60
40

Withdrawal
value

Dues plus
profits as
per by-laws.

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

66

No. 46.

PETALUMA.

PETALUMA MUTUAL LOAN ASSOCIATION.
P. O. address, Petaluma National Bank Bldg., Petaluma.
(Incorporated September 27, 1889.)
F k a n k H . D e n m a n , President.

F. A. C b o m w e l l , Secretary.
Fiscal year ended September 30, 1921.
No. of series, 12.

No. of members and investors, 73.
Liabilities.

Assets.

Loans, on mortgages_____________
Cash, in bank___________________
Furniture and fixtures___________

Total assets________________

$40,536 28 Installment shares, dues_________
1,686 29 Installment shares, profits________
30 00 Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
$42,252 57

Total receipts_______________

Total liabilities_____________

$31,614
5,051
25
2,900
493
2,167

00
87
65
00
52
53

$42,252 57

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fines and fees___________________
Loans repaid____________________
Overdrafts and bills payable_____
Real estate sold_________________
Refund of taxes_________________

No. of shares, 675.

$7,086
8,670
2,748
79
8,358
5,206
600
■ 76

48
00
05
90
00
26

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares. Salaries_________________________
00 Taxes___________________________
09 Other expenses__________________
_
Balance, cash in office and bank_

$32,801 78

Total disbursements_________

$2,306 26
15,532 47
121 55
10,513 00
2,065 63
420 00
77 46
82 12
1,686 29
$32,804 78

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.

Age in
months

24________________________________
25_______________________________
26_______________________________
27________________________________
28________________________________
29_______________________________
30_______ ________________________
31________________________________
32________________________________
33________________________________

108
96
84
72
60
48
36
24




120

12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$153
134
116
99
82
67
52
38
25

12
13
13
03
82
39
64
23
04
12 28

Withdrawal
value
$153
134
115
98
82

12
13
63
28

01
66 65

51 94
37 78
24 78
12 20

67

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 47.

POMONA.

HOME BUILDERS LOAN ASSOCIATION.
P. O. address, 261 South Thomas Street, Pomona.
(Incorporated March 16, 1908.)
P a u l E n d ic o t T, Secretary.

J. W. F u l t o n , President.
Fiscal year ended March 31, 1922.

No. of series, none.

No. of members and investors, 1627.
Assets.

No. of shares, 8979 .
Liabilities.

Loans,
on
definite
contract,
Guarantee stock, capital_________
$1,475,558.38; o n s h a r e s ,
Guarantee stock, surplus_________
$14,875.09; on contract sales,
Installment shares, dues_________
$2,469.94_____________________ $1,492,903 41 Installment shares, profits________
Cash, in office, $1,076.52; in bank,
Paid-up and prepaid shares, capital
$56,982.06____ „ _______________
58,058 58 Paid-up and prepaid shares, divi­
Real estate, owned (office building
dends_________________________
$15,000)______________________
25,448 17 Investment certificates, principal_
Furniture and fixtures___________
900 00 Investment certificates, dividends.
Advances, ledger accounts_______
5,426 17 Reserve and undivided profits____
Bonds owned____________________
7,500 00 Loans due and incomplete_______
Sundry ledger accounts__________
Unearned bonus, etc_____________
Total assets___________ _____

$1,590,236 33

Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock_________________
Installment shares, dues_________
Paid-up and prepaid shares, dues .
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Real estate sold_________________
Bonds sold______________________
Stock premiums, etc_____________

Total receipts_______________

Total liabilities_____________

00

2,446
989,120
15,255
28,331
55,766
9,101
7,032

31
45
18
01
73
75
28

00

25
37
00

$1,590,236 33

Disbursements for Fiscal Year.

$65,544
40,000
24,512
236,050
343,727
132,624
880
441
489,331
15,000
24,452
1,638

35 Overdrafts and bills payable______
00 Loans on mortgages and shares___
00 Interest paid____________________
00 Dividends on guarantee stock____
17 Duos repaid, installment shares_
_
38 Profits~repaid, installment shares..
15 Paid-up and prepaid shares, capital
00 Paid-up and prepaid shares, divi­
84
dends_________________________
00 Investment certificates, principal..
55 Investment certificates, dividends.
22 Advances, ledger accounts_______
10,100 00 Real estate acquired_____________
15,068 70 Salaries_________________________
Taxes___________________________
Other expenses__________________
Bonus, etc.______________________
Balance, cash in office and bank___

$15,000 00
616,669 48
90 00
15,701 25
12,845 50
6,952 66
23,950 00

Total disbursements_________

$1,399,370 36

$1,399,370 36

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 9 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$140,000
45,000
66,842
19,240
212,100

492 49
515,032 88
68,411 73
29,579 57
1,050 97
10,665 00
2,108 01
10,201 66
12,560 58
58,058 58

68

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 48.

POMONA.

MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 260 South Thomas Street, Pomona.
(Incorporated December 24, 1892.)
W . D. F r e d e r ic k , Secretary.

L . L . L o s t u t t e r , President.

Fiscal year ended December 31, 1921.
No. of series, 21.

No. of members and investors, 2822.
Assets.

Loans, on mortgages, $2,933,275.25;
on shares, $10,390_____________
Arrearages, on shares____________
Cash, in office, $5,068.42; in bank,
$87,258.41____________________
Real estate, owned (office building)
Furniture and fixtures__________

Liabilities.

$2,943,665 25
11,068 50
92,326 83
10,000 00

1 00

$3,057,061 58

Total assets

Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock_________________
Installment shares, dues_________
Paid-up and prepaid shares, dues..
Investment certificates___________
Interest__________________
Fines___________________________
Fees_______________
Loans repaid_______
Bonds sold______________________
Bonus, etc______________________

Total receipts_______________

No. of shares, 46,159.

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal. _
Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
undry ledger accounts and unpaid
dividends_____________________
Unearned bonus_________________
Total liabilities.

$250,000
45,000
412,812
81,416
1,247,200

00
00
00

55
00

33,050 00
840,969 64
7,850 06
14,402 50
14,712 20
40,000 00
10,146 23
59,502 40
$3,057,061 58

Disbursements for Fiscal Yeir.

$98,465
46,000
180,803
576,800
366,347
227,013
544
1,294
271,106
2,832
24,963

12
00

50
00
02
08
31
92
35
71
48

$1,796,170 49

_
Loans on mortgages and shares_
Interest paid____________________
_
Dividends on guarantee stock.__
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Investment certificates, dividends.
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank_
_
Total disbursements_________

$598,674 89
22 00

28,440
57,331
16,956
472,200

00
50
23
00

62,626
379,484
46,900
16,797
3,077
19,505
1,826
92,326

96
74
00
50
77
52
55
83

$1,796,170 49

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
3 9 ._________ _____________________
41............................ ......... ...................
43________________________________
45______________________________
47___________________________ ____
49________________________________
51___________________________ ____
53 ________ __________ _________ _
55 ___________ _____ _
________
57________________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$60
54
48
42
36
30
24
18

00

00
00
00
00
00
00

00
12 00
6 00

Book value
per share
$88 90

76
65
55
45
36
28
20
13

97
82
42
70
66

23
36
02
6 25

Withdrawal
value
$88 90

73
61
51
43
34
27
19
12

06
16

87
11
84
04
67
73
6 18

69

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 49.

PORTERVILLE.

PORTERVILLE MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, Rooms 9-10 Baker Block, Porterville.
(Incorporated September 29, 1905.)
C . O. P r e m o , Secretary.

H . C . C a r r , President.

Fiscal year ended October 31, 1921.
No. of series, none.

No. of members and investors, 187.
Assets.

Liabilities.

Loans, on mortgages, $117,025; on
shares, $225
_ ________ __
_
Arrearages, on interest _ - ___
Cash, in office, $232.26; in bank,
$761.51_______________________
Advances, ledger accounts__ _____
Bonds owned____________ ______

Total assets. . _

. ._

No. of shares, 4487.

_ _

$117,250 00
258 35
993 77
30 58
1,100 00

$119,632 70

Receipts for Fiscal Year.

Balance from last report _ ____
Installment shares, dues.
___
Paid-up and prepaid shares, dues. Interrat-.
..................
Fees..
_
_
- - - - -----Loans repaid _ - - - Overdrafts and bills payable..
Advances repaid, ledger accounts _

Total receipts_______________

Installment shares, dues_________
Installment shares, profits .
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends - - - . ________
Overdrafts and bills payable. - _
_
Reserve and undivided profits____
Loans due and incom plete______
Sundry ledger accounts..
_ __
_
Accrued interest____ ______ ____
Total liabilities___

___ ____

47
18,500
3,818
2,655
800
187

00
00
08
40
00

55

$119,632 70

Disbursements for Fiscal Year.

$754
21,257
8,400
9,264
159
18,025
26,200
594

76
24
00
76
60
00

Overdrafts and bills payable
Loans on mortgages and shares___
_ __
_
Interest paid . .
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
00 Paid-up and prepaid shares, divi­
dends___ ______
_ _
_ _
06
Advances, ledger accounts -_
_
_ _
Salaries__ -_
Taxes__ ________ __________
__
Other expenses_____ ____
_ _
Balance, cash in office and bank___

$84,655 42

Total disbursements

____ -

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 9.24 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$62,485 01
22,239 66
9,400 00

$20,200
43,544
1,017
4,304
3,999
7,950

97
00

723
684
900
183
153
993

35
64
00
67
35
77

00

60
39
68

$84,655 42

70

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. so.

REDLANDS.

HOME INVESTMENT ASSOCIATION.
P. O. address, Fifth and Citrus Streets, Redlands.
(Incorporated March 22, 1890.)
J. W a r r e n S m it h , Secretary.

W . T. B i l l , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 1229.
Assets.

Loans, on mortgages, $50,100; on
definite contract, $1,080,692.25;
on shares, $1,580; on contract
sales, $6,258.66________________
Cash, in bank___________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds 'owned___________________
Other assets_____________________

Total assets.

No. of shares, 5325.
Liabilities.

$1,138,630 91
10,847 04
10,122 99
2,090 00
10,104 84
10,077 74
50 00

$1,181,923 52

Receipts.for Fiscal Year.

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal_
Investment certificates, dividendsOverdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Total liabilities_____________

5,245
648,720
43,349
20,000
46,018
63,886
12

65
23
17
00
68

30
00

$1,181,923 52

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues,.
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold_________________
Rents, etc_______________________

$20,373 40
19,908 50
12,800 00
572,949 56
97,046 70
250 51
4,763 35
298,435 63
60,000 00
10,038 02
1,405 30
2,112 44

Total receipts_______________

$1,100,083 41

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal-Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Bonds purchased________________
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank___
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividends.
Withdrawal value, full book value.




$100,000 00
25,000 00
64,877 00
16,318 49
148,496 00

$95,000 00
413,435 81
2,26 7 95
12,000 00
10,737 00
3,160 30
42,500 00
12,200 02

439,499 28
21,364 39
11,980 53
2,122 99
1,534 50
5,986 00
537 50
11,689 68
3,220 42
10,847 04
$1,100,083 41

71

REPORT ON BUILDING AND LOAN ASSOCIATONS.

No. Si-

REDWOOD CITY.

SAN MATEO COUNTY BUILDING AND LOAN ASSOCIATION.
P. O. address, 90 Broadway, Redwood City.
(Incorporated May 8 , 1890.)
H. W. Sc h a b e r q , Secretary.

P. P. C h a m b e r l a in , President.
Fiscal year ended May 31, 1922.

No. of series, 46.

No. of members and investors, 653.
Liabilities.

Assets.

Loans, on mortgages, $26,600; on
definite contract, $422,645.67;
on shares, $17,115; on contract
sales, $8,947.06________________
Arrearages, on shares, $737.40; on
interest $2,663.32_____________
Cash, in office, $2,858.87; in bank,
$8,823.82_____________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned___________________
War Savings Stamps____________
Total assets. - ........ .................

No. of shares, 4394.

Installment shares, dues_________
Installment shares, profits_______
Investment certificates, principal-.
$475,307 73 Advance payments______________
Overdrafts and bills payable_____
3,400 72 Reserve and undivided profits____
Loans due and incomplete_______
11,682 69
8,457 94
500 00
503 50
10,200 00
418 00
$510,470 58

Total liabilities_____________

$239,221
59,186
142,900
1,097
29,000
21,904
17,160

50
45
00
05
00
94
64

$510,470 58

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Real estate sold_________________
Rents, etc_______________________

$2,140 59
51,182 40
35,435 00
37,728 75
84 15
156 00
109,802 88
16,500 00
1,718 79
8,250 00
851 78

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes__________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank___

$6,500 00
145,946 73
2,014 20
50,078 C
O
21,568 16
11,185 00
6,473 16
1,068 05
1,509 22
3,840 00
731 23
1,251 22
2 68
11,682 69

Total receipts_______________

$263,850 34

Total disbursements_________

$263,850 34

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
79______________________________
83.......................................................
8 7 .___________ _____ ____________
91.......................................................
95__________________________ ____
99__________________________
103______________________________
107______________________________
111 ______________________________
115______________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share

Book value
per share

$120 00
108 00

00
00
00

$164
141
121
102
85

00

68

96
84
72
60
48
36
24

00
00
00

53
38
25

12 00

12

30
92
51
63
09
73
32
79
09
18

Withdrawal
value
$155
135
116
99
82
67
52
38
24
12

67
41
34
01
70
15
39
21
91
15

72

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 52.

RIVERSIDE.

RIVERSIDE COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
P. O. address, 668 Main Street, Riverside.
(Incorporated April 5/1901.)
F. S m it h , Secretary.

W. B. C l a n c y , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 380.
Liabilities.

Assets.

Loans, on mortgages, $268,660; on
shares and bonds, $11,995; on
contract sales, $3,136.08________
Cash, in office, $581.76; in bank,
$2,230.20___ __________________
Bonds owned.. _ _
______
Total assets _ _ ___________

Installment shares, d u e s . _ ____
_
Installment shares, profits__
$283,791 08 Paid-up and prepaid shares, capital
Overdrafts and bills payable
2,811 96 Reserve and undivided profits____
1,780 00 Loans due and incomplete_____ .
$288,383 04

Receipts for Fiscal Year

Balance from last report . . .
Installment shares, dues . .
Paid-up and prepaid shares, dues. _
Interest___
_ ______________
Fees.
_ _____ __ _ ________
Loans repaid . _
Overdrafts and bills payable . . .
All other receipts____ _ _

Total receipts

______________

No. of shares, 5268.

Total liabilities

_________ __

21,000 00

4,393 34
21,968 13
$288,383 04

Disbursements for Fiscal Year.

$13,143
18,693
51,150
9,277
392
22,832

Loans on mortgages and shares_
_
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, dividends.. . . .
_ _______
21,000 00 Salaries..
.
_ _________
15 00 Taxes__________
_____. . .
Other expenses
__________ __ _
Balance, cash in office and bank_
_

09
27
00
23
00
64

$136,503 23

Total disbursements_______

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$61,457 55
10,064 02
169,500 00

$101,521
14,724
1,263
8,750

47
96
41
00

5,258
1,437
152
583
2,811

14
73
00
56
96

$136,503 23

73

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. S3-

SACRAMENTO.

SACRAMENTO BUILDING AND LOAN ASSOCIATION.
P. O. address, 724 J Street, Sacramento.
(Incorporated August 24, 1874.)
F b a n k H ic k m a n , Secretary.

A. A. J o s t , President.
■
Fiscal year ended February 28, 1922.

No. of series, none.

No. of members and investors, 606.
Assets.

Liabilities.

Loans, on mortgages, $683,615; on
shares, $5,200 . ____
Arrearages, on interest __ ___
Cash, in b a n k __________ _

Total assets_____

No. of shares, 8596.

___

Installment shares, d u e s ________
$688,815 00 Installment shares, profits
696 09 Paid-up and prepaid shares, capital
52,296 21 Paid-up and prepaid shares, divi­
dends- ___
_______
Advance payments
- - - __ __
Reserve and undivided profits____

$194,004 00
46,914 20
447,720 00

$741,807 30

$741,807 30

Receipts for Fiscal Year.

Balance from last report _ _ . _
Installment shares, dues
Paid-up and prepaid shares, dues. _
Interest__ _______
_ ___
_
_
Loans repaid . ____
Real estate sold____
_ . _____

Total receipts _____________

Total liabilities______ __

Disbursements for Fiscal Year.

$25,476
67,824
150,600
41,253
154,485
7,762

82
00
00
10
36

Lonas on mortgages and shares___
Interest paid__
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Paid-up and prepaid shares, capital
66 Paid-up and prepaid shares, divi­
dends - Salaries.
..
_ _
Taxes_______ __ ___________ __
Other expenses__
.
All other disbursements.. _______
Balance, cash in office and bank___

$447,401 94

Total disburse^.' it s _________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




11,814 95
409 84
40,944 31

$271,295
625
47,750
6,662
43,050

00
02
00
99
00

20,969
3,592
93
985
81
52,296

29
00
88
88

67
21

$447,401 94

74

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 54-

SAN BERNARDINO.

SANTA FE BUILDING AND LOAN ASSOCIATION.
P. O. address, 367 E Street, San Bernardino.
(Incorporated January 8 , 1890.)
O. C. R o g e r s , Secretary.

J. F. P a r k e r , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 2029.
Assets.

Loans, on mortgages, $212,532.05;
on definite contract, $902,990.80;
on shares, $49,396; on contract
sales, $26,704.77_______________
Arrearages, on shares, $1,427.80;
on interest, $1,294.16; on fines.
$129.50_______________________
Cash, in office, $2,466.95; in bank,
$8,330.46-...................................
Real estate, owned_ -_ ____ _ _
_ _
Bonds owned _
_ _ _ ____ __
Total assets..

Liabilities.
Installment shares, dues_________
Installment shares, p rofits_______
Investment certificates, principal.$1,191,623 62 Advance payments .
__
Overdrafts and bills payable. - _ .
Reserve and undivided profits___
2,851 46 Leans due and incom plete____ __

Receipts for Fiscal Year.

Total receipts_______________

68

14

00

70
00

81
10

Total liabilities_____________

$1,247,213 43

Disbursements for Fiscal Year.
$25,604
165,853
138,625
90,386
1,088
326,015
14,000
9,981
171

31 Overdrafts and bilb payable
47 Loans on mortgages and shares___
00 Interest paid . .
. ..
. .
52 Dues repaid, installment shares_
_
54 Profits repaid, installment shares..
85 Investment certificates, principal..
00 Investment certificates, dividends.
75 Salaries _
_ _ _
20 Taxes
..
. _
Other expenses_________
______
Office fixtures..
. ________
Balance, cash in office and bank___

$771,726 64

Total disbursements_______-

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues SI.00 per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividends.
Withdrawal value, dues plus profits as per by-laws.




$685,251
235,262
257,005
546
4,000
30,213
34,934

10,797 41
1,690 9 •
40,250 00
$1,247,213 43

Balance from last report.
Installment shares, d u e s ___Investment certificates-- ___
Interest____ ____ - _
Fines ........ ........... _
. __ _
Loans r e p a id _ _
Overdrafts and bills payable- . . .
Bonds s o l d - __
___
_______
Rents
______
___
___ __

No. of shares, 19,540.

$ 10,000
452,074
36
139,549
70,647
68,075
11,346
4,709
1,299
2,418
774
10,797

00

18
]{
89
08
00

55

00
01
21
20

41-

$771,726 64

75

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 55-

SAN DIEGO.

COMMUNITY BUILDING AND LOAN ASSOCIATION.
P. O. address, 419 Owl Drug Store Building, San Diego.
(Incorporated March 25, 1920.)
J. G. C a s h , Secretary.

I. T. B r o c k e t t , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 144.
Assets.

On definite contract _____ _____
Cash, in office, $39; in bank,
$1,457.30_____________________
Furniture and fixtures______ _
_

Total assets_ . .
_

. ______

Liabilities.

$80,679 00 Guarantee stock, capital_________
Guarantee stock, surplus__ . . .
1,496 30 Installment shares, dues______
325 00 Installment shares, profits
Paid-up and prepaid shares, capital
Investment certificates, principal..
Overdrafts and bills payable__ __ .
Reserve and undivided profits____
Loans due and incomplete _______

$15,200
213
7,844
195
8,500
900
32,950
695
16,000

$82,500 30

$81,500 30

Receipts for Fiscal Year.

Balance from last report.. . . .
Guarantee stock________
_ _ _
Installment shares, dues . .
Paid-up and prepaid shares, dues..
Investment certificates
.. .
Interest. .
.
.
Fees
. . . . . _______________
Loans repaid__________ _________
Overdrafts and bills payable. .

Total receipts_______________

No. of shares, 955

Total liabilities_____________

86
00

Disbursements for Fiscal Year.

$924 23 Overdrafts and bills payable
1,800 00 Loans on mortgages and shares___
7,212 06 Interest paid . ___
________
8,000 00 Dividends on guarantee stock . .
900 00 Dues repaid, installment shares_
_
1,745 45 Profits repaid, installment shares..
90 00 Paid-up and prepaid shares, capital
11,898 00 Paid-up and prepaid shares, divi­
dends.
______ _ . . .
25,600 00
___
Other expenses___
Office fixtures.. .
Balance, cash in offi. ’ and bank___
$58,169 74

Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividends.
Withdrawal value, fullbook value.




00
56
56
72
00
00
60

$3,149
45,846
613
417
2,879
61
3,100

40
03
10
65
65
62
00

128
152
325
1,496

05
94
00
30

$58,169 74

76

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 56.

SAN DIEGO.

SAN DIEGO BUILDING AND LOAN ASSOCIATION.
P. O. address, 940 Third Street, San Diego.
(Incorporated July 14, 1885.)
A. P. J o h n s o n , J r ., President.

J. R. B e a r d s l e y , Secretary.
Fiscal year ended June 30, 1922.
No. of series, 22.

No. of members and investors, 559.
Liabilities.

Assets.

Loans, on mortgages, $348,000;
on shares, $12,330_ . ________
_
Arrearages, on shares, $1,946; on
interest, $700.
. _. . _
Cash, in office, $3,976.73; in bank,
$7,281.24.. _________________
Furniture and fixtures..__________

Total assets_ ________
_

_
_

$360,330 00
2,646 00
11,257 97
100 00

$374,333 97

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Investment certificates. _______ .
Interest_________________________
Fines..
_
. . . .
Fees
.
... .
Loans repaid___
_ _
. . .
Overdrafts and bills payable
. .
Real estate sold_________ . . . . .

Total receipts

No. of shares, 5033.

________ ____

Installment shares, d u e s ________
Installment shares, profits.. _
Investment certificates, principal..
Investment certificates, dividends.
Advance payments .
...
Reserve and undivided profits____
Loans due and incomplete. _ __
_
Sundry ledger a ccou n ts_________
Tax reserve___ __________ . . .
Total liabilities_______ ______

$209,267
50,473
94,800
2,658
602
13,252
2,380

00
82
00
20
95
00
00

200 00

700 00
$374,333 97

Disbursements for Fiscal Year.

12
00
00
55
95
90
00
00
00

Overdrafts and bills p ayable__ __
Loans on mortgages and shares___
Interest paid . . .
_
____
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Investment certificates, principal_
Investment certificates, dividends.
Salaries_ _______
_
...
. . .
Taxes_____ _____________ .
Other expenses-___________ . . .
Office fixtures, etc____ __ . _ . .
Balance, cash in office and bank___

$216,803 52

Total disbursements__ ______

$8,430
61,453
26,500
23,965
86

237
84,980
9,000
2,150

$9,000
128,955
55
35,831
6,397
16,700
5,095
2,400
343
642
125
11,257

00
00
05
00
40
00
25
00
75
60
50
97

$216,803 52

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.

Age in
months

37________________________________
39___________________ ______ ______
41___________ ______ _____________
43_______________________________
45________________________________
47____________________ _________
49________________________________
5 1 . . __________ ___________________
53________________________________
55_______ _______ _________________

108
96
84
72
60
48
36
24




120

12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$169
147
126
106
88

71
54
39
25
12

70
27
33
70
30
07
93
80
63
38

Withdrawal
value
$149
132
115
98
82
67
52
38
25
12

75
07
00
52
65
37
70
62
15
27

77

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 57-

SAN DIEGO.

SILVER GATE BUILDING AND LOAN ASSOCIATION.
P. O. address, 343 Spreckels Theater Building, San Diego.
(Incorporated May 22, 1890.)
G e o . D. E a s t o n , Secretary.

M. A. G b a h a m , President.
Fiscal year ended May 31, 1922.

No. of series, 22.

No. of members and investors, 366.
Assets.

Loans, on mortgages, $243,662.13;
onshares, $11,763.50...
____
Arrearages, on shares, $1,683; on
interest, $1,065.10 __
Cash, in office, $375.30; in bank,
$10,056.69____________________
Furniture and fixtures_
_
_ _
Bonds ow n e d __________ ________
Total assets_________________

Liabilities.

$255,425 63
2,748 10
10,431 99
60 00
11,300 00
$279,965 72

Total receipts____

____

Installment shares, dues_________
Installment shares, profits________
Advance payments___
Overdrafts and bills payable__
Reserve and undivided profits____
Loans due and incomplete
Sundry ledger accounts
_ - _Total liabilities_____ __ _

$196,266
47,315
1,056
29,700
1,991
2,218
1,418

00
01
40
00
71
40
20

$279,965 72

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues- ___
Interest- ________ ___
Fees__
_____ __ .
_
Loans repaid- - ______________
Overdrafts and biUs-payable—
Advances repaid, ledger accounts .
Bonds sold
_ ___
_____

No. of shares, 4305.

$9,530
53,495
17,832
118
45,968
38,200
1,418
326

63
00
69
30
25
00
20

Overdrafts and bills payable__ - _
Loans on mortgages and shares___
Interest paid
_
_
_ __
_
Dues repaid, installment shares_
_
Profits repaid, installment shares. .
________
Salaries_ - __
Taxes ______
-- 88 Other expenses- __ y.
_____ All other disbursements.. ______
Balance, cash in office and bank___

$166,889 95

Total disbursements

$15,500
63,953
677
55,081
18,871
1,300
364
650
60
10,431

00
43
54
00
49
00
13
37
00

99

$166,889 95

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
3 5 _____________ _________________
37_______________________________
39______________ ______ __________
41_____________________ ______ ____
43_________________________ ______
45______________________________
47________________________________
49_______________________________
51_______________________________
53_______________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$167
145
125
105
87
70
54
39
25
12

09
40
02
84
84
85
88

83
69
42

Withdrawal
value
$150
132
115
98
82
67
82
38
25
12

00
30
20
70
80
50
80
70
20
30

78

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 58.

SAN FRANCISCO.

BAY VIEW BUILDING AND LOAN ASSOCIATION.
P. O. address, 1217 Railroad Avenue, San Francisco.
(Incorporated November 18, 1911.)
D. A . S t e in b a u q h , Secretary.

J a m e s A l l e n , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 253.
Liabilities.

Assets.

Loans, on definite contract________
Cash, in office, $1,143.71; in bank,
$2,441.36_____ ________________
Advances, ledger accounts—
_
_
Bonds o w n e d _____________ -

Total assets_________________

$227,022 63 Installment shares, dues_________
Installment shares, profits________
3,590 07 Investment certificates, principal—
7,914 73 Investment certificates, dividends.
23,366 11 Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete. — ____
Sundry ledger accounts__________

$102,819
6,50k
108,074
9,491
15,700
12,424
6,726
155

$261,893 54

$261,893 54

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Investment certificates___________
Interest______ — _______________
Fines_ ________________________
_
Fees____________________________
Loans repaid________ _________ Overdrafts and bills payable—
Advances repaid, ledger accounts _
Bonds sold. _ .
_________ ____
Receipts, sundry . . ___________

Total receipts_____ ____ _____

No. of shares, 1229.

Total liabilities_____________

Disbursements for Fiscal Year.

$1,521
49,664
93,361
18,140
89
336
69,687
46,850
13,062
9,331
2,085

14
10
18
77
51
00
41
00
25
36
35

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest p a i d _______ _________
Dues repaid, installment shares_
_
Profits repaid, installment shares. .
Investment certificates, principalinvestment Certificates, dividends.
Advances, ledger accounts_______
Salaries.. .
____ . . .
Taxes____________________
_
_
Other expenses__________________
Sundry disbursements___________
Balance, cash in office and bank___

$304,129 07

Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




58
56
37
04
00
97
81
21

$35,950
163,238
311
14,541
9,007
60,990
1,752
10,623
2,760
178
505
680
3,590

00
23
11
54
58
33
65
37
00
02
80
37
07

$304,129 07

79

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 59-

SAN FRANCISCO.

CALIFORNIA HOME BUILDING-LOAN COMPANY.
P. O. address, 206-208 Hearst Building, San Francisco.
(Incorporated July 8 , 1889.)
R . L. H a n d y , Secretary.

P. B. R o b e r t s , President.
Fiscal year ended June 30, 1922

No. of series, n one.

No. of members and investors, 700.
Assets.

Loans, on definite c o n t r a c t ,
$718,693.83; on shares, $11,992;
on contract sales, $102,816.81___
Arrearages, on interest__________
Cash, in office, $1,265.70; in bank,
$7,064.54_________ _____ ______
Real estate, owned______________
Furniture and fixtures _
__ _
Advances, ledger accounts__ _____

Total assets________________

Liabilities.

$833,502 64
213 43
8,330
13,600
1,840
6,919

24
55
00

49

Guarantee stock, c a p i t a l . .___ _
Guarantee stock, surplus_______Installment shares, dues - - - - Installment shares, profits. _ - Paid-up and prepaid shares, capital
Paid-up and prepaid shares, dividends . . _________
____ __
Investment certificates, principal..
Investment certificates, dividends.
Overdrafts and bills p ayable____
Expense fund..
_ .
Loans due and incomplete
- All other liabilities and unpaid dividends, etc_____________________

$864,406 35

Receipts for Fiscal Tear.

Balance from last report- ______
Guarantee stock. - - - -_
Installment shares, dues - - - _
_
Pai i-up and prepaid shares, dues - Investment certificates.
. .. .
Interest__
. - ________
F in e s ___
_
________
Fees__ ___ __ _
. .
Loans repaid Overdrafts and bills payable__ __
Advances repaid, ledger accounts Real estate sold. . _ _______ __ - ____
Bonds so ld .. . .
Expense fund__ __ - ______ -

Total receipts___ ___________

No. of shares, 1419.

Total liabilities_______ ______

1,773
604,669
30,502
98,596
2,371
36,465

00
00

40
98
00
88

72
05
19
62
51

2,010 00

$864,406 35

Disbursements for Fiscal Year.

$5,349 06 Overdrafts and bills payable
_ _
210 00 Loans on mortgages and shares___
7,593 40 Interest paid. _________ ________
2,500 00 Dividends on guarantee stock __
363,893 49 Dues repaid, installment shares_
_
64,347 66 Profits repaid, installment shares..
216 54 Paid-up and prepaid l’ ares, capital
118 04 Paid-up and prepaid si. ~es, divi239,998 69
dends__ ___ __ ______ - 48,735 44 Investment certificates, principal..
28,829 25 Investment certificates, dividends12,294 94 Advances ledger accounts
6,000 00 Real estate acquired- _ _ . . 1,263 09 Salaries
___ ________ - - -Taxes____ . . . . . . _________
Other expenses________ ______
Office fixtures, etc_____ _______
Balance, cash in office and bank___
$781,349 60

Total disbursements__ _____

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 60 cents per share per month
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$40,000
11,800
13,309
1,457
21,450

$57,433
323,902
7,068
3,988
7,590
3,189
2,500

33
98
82
15
00

45
00

1,178 74
275,645 76
21,989 96
27,980 53
20,769 20
10,080 00
1,825 53
7,801 86
75 00
8,330 24
$781,349 60

80

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 60.

SAN FRANCISCO.

CALIFORNIA MUTUAL SAVINGS FUND LOAN AND BUILDING
ASSOCIATION.
P. O. address, 255 Montgomery Street, San Francisco.
(Incorporated March 26, 1887.)
W m , E. B o u t o n , Secretary.

R. I. W h e l a n , President.
Fiscal year ended March 31, 1922.

No. of series, 37.

No. of members and investors, 262.
Assets.

Liabilities.

Loans, on mortgages, $26,050; on
definite contract, $119,857.07;
on shares, $4,125; on contract
_______
sales, $2,294.71 .
Arrearages, on shares, $60; on inter­
est, $766.90___________________
Cash, in office, $721,01; in bank,
$881.45______________________
Real estate, ow n ed ___ .
Advances, ledger a ccou n ts.__
Bonds owned. _________
Total assets________

No. of shares, 2272.

__ __

Installment shares, dues . . _ _
Installment shares, profits. .
Paid-up and prepaid shares, capital
. . . .
$152,326 78 Advance payments. _ _
Overdrafts and bills payable
826 90 Reserve and undivided profits____
Loans due and incomplete
1,602 46 All other liabilities
. _ __ _
80 00
233 14
3,000 00
$158,069 28

Receipts for Fiscal Year.

Total liabilities-. __________

06
67
00
84

2,000 00

7,987 63
2,537 34
7 74

$158,069 28

Disbursements for Fiscal Year.

$3,354
23 Overdrafts and bills p a y a b le .___
Balance from last report_
Installment shares, dues__
17,881
10 Loans on mortgages and shares_
_
Paid-up and prepaid shares, dues-_
24,200 00 Interest paid____________________
11,447
96 Dues repaid, installment shares_
_
Interest_________________
Fines___________ '_______________
52 9,5 Profits repaid, installment shares..
Fees_____ ______________________
3C, 50 Paid-up and prepaid shares, capital
Loans repaid____________
,25,649
96 Paid-up and prepaid shares, divi­
Overdrafts and bills payable __ .
dends_________________________
30,600 00
Advances repaid, ledger ac .a n ts .
612 68 Advances, ledger accounts_______
22 00 Salaries_________________________
All other receipts_____
Taxes___________________________
Other expenses__________________
_
Balance, cash in office and bank_
Total receipts_______________

$80,629
21,804
41,600
1,502

$113,860 38

Total disbursements_________

$52,700
40,862
1,210
9,387
1,406
2,000
2,073
507
1,535
109
464
1,602

0
66

65
98
63
00
58
29
00
78
35
46

$113,860 38

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
51_____________________________ _
55......................................... ...............
59.........................................................
63_______________ _____ __________
67_____5_________________________
71_____________ ____________ _____
75_______________ __________ _____
7 9 . . . ____________________________
83........................................... ......... .
87............................ ..........................




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$171
148
127
107
89
71
55
40
25
12

10
45
53
76
09
71
51
31
91
46

Withdrawal
value

Dues plus
profits as
per by-laws

81

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 61.

SAN FRANCISCO.

CITIZENS BUILDING AND LOAN ASSOCIATION.
P. O. address, 405 Pine Street, San Francisco.
(Incorporated January 14, 1885.)
F b e m o n t W o o d , Secretary.

T h o m as M. G a r d in e r , President.

Fiscal year ended February 14, 1922.
No. of series, 45.

No. of members and investors, 815.

Liabilities.

Assets.

Loans, on mortgages, $61,950; on
definite contract, $389,024.37;
on shares, $3,925; on contract
sales, $6,545.86______ _______ ._
Arrearages, on shares, $682.70; on
interest, $3,472.11; on fines,
$1,658.41_____________________
Cash, in office, $1,000; in bank,
$6,926.47_____________________
Real estate owned_______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________
Total assets_________________

$461,445 23
5,813 22
7,926
11,611
426
1,586
23,440

47
61
29
25
93

$512,250 00

Total receipts_______________

Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Tax reserve_____________________

Total liabilities_____________

$281,313 70
73,931 58
7,200- 00
56
725
95,904
20,949
31,181
824
162

85
30
55
00
91
26
85

$512,250 00

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report. ______
Installment shares, dues_________ - Paid-up and prepaid shares, dues. Interest_________________________
Fines__________________________ *
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Real estate sold_________________
Bonds sold______________________
Fire insurance, etc_______________

N o . of shares, 8198.

$2,748
67,025
8,800
35,08'r
841
507
140,713
114,762
837
8,059
2,837

20 Overdrafts and bills payable_____
60 Loans on mortgages and shares___
00 Interest paid____________________
72 Dues repaid, installment shares_
_
40 •Profits repaid, installment shares.85 Paid-up and prepaid shares, capital
03 Paid-up and prepaid shares, divi­
42
dends_____ '___
____________
38 Real estate acquired_________
96 Salaries_________________________
88 Taxes___________________________
Other expenses__________________
Fire insurance, etc_______________
Balance, cash in office and bank___

$119,445 00
150,474 85
5,931 75
60,055.50
24,479 11
2,000 00

Total disbursements_________

$382,221 44

$382,221 44

83
282
4,851
539
1,953
4,198
7,926

45
74
65
00
13
79
47

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.

Age in
months

108_________________________ _____
112 ______ _______ _________________
116______________________________
120 ______________________________
124______________________ ______
...
128_________ ____________
132_____________________________
136_______________________________
140_______________________________
144._______________ ________ _____

N 108
96
84
72
60
48
36
24

6— 21142




120

12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$169
146
125
106
87
70
54
39
25
12

02
95
86

23
99
84
59
58
69
45

Withdrawal
value
$164
143
121
102
84

12
05
38
90
79
68 67
53 27
38 68
25 26
12 34

82

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 62.

SAN FRANCISCO.

EMPIRE BUILDING AND LOAN ASSOCIATION.
P. O. address, 255 Montgomery Street, San Francisco.
(Incorporated August 24, 1889.)
W m . E. B o u t o n , Secretary.

Louis M u l l e r , President.
Fiscal year ended August 31, 1921.

No. of series, 27.

No. of members and investors, 76.
Liabilities.

Assets.

Loans, on mortgages, $11,750; on
definite contract, $57,657.45;
on shares, $1,000______________
Arrearages, on interest___________
Cash, in office___________________
Real estate, owned______________
Advances, ledger accounts_______
Bonds owned___________________
Total assets_________________

No. of shares, 992.

$70,407
464
766
6,524
50
500

45
37
78
99
20
00

$78,713 79

Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____'
Sundry ledger accounts__________
Total liabilities_____________

$31,049 51
6,595 95
10,850 00
306
291
23,500
6,014
106

12
87
00

34
00

$78,713 79

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues. _ _______
Paid-up and prepaid shares, dues- _
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Rents, etc_______________________

$446 93
7,479 26
6,250 00
5,079 68
49 24
17 90
39,083 52
9,500 00
116 10
823 50

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
_
Dues repaid, installment shares_
Profits repaid, installment shares. Paid-up and prepaid shares, capital
Paid-up'and prepaid shares, divi­
dends_________________________
Advances, ledger accounts_______
Real estate expense______________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$22,250 00
23,850 00
1,684 72
15,357 45
1,692 60
1,000 00

Total receipts_______________

$68,846 13

Total disbursements_________

$68,846 13

449
87
256
1,135
69
247
766

18
15
23
00
30
72
78

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
26_______________________ _____
34 _ .
38 ______________________________
42____________ ___________________
4 4 ..............................
................
49_ _____________________________
52________________________________
57_________ ____________________
60________________________________
64_______________________ _____




Age in
months

Total dues
per share

126

$126 00

102

102 00

90
78
72
57
48
33
24
12

90
78
72
57
48
33
24

00
00
00
00
00
00
00

12 00

Book value .
per share

Withdrawal
value

$170
130
112
94

Dues plus

86
66

54
36
25
12

00
89
52
94
45
09
46
08
65
39

profits as
per by-laws.

83

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 63.

SAN FRANCISCO.

EUREKA BUILDING AND LOAN ASSOCIATION.
P. O. address, 255 Montgomery Street, San Francisco.
(Incorporated November 3, 1890.)
W m. E. B o u t o n , Secretary.

A r n o ld F o s t e r , President.

Fiscal year ended October 31, 1921.
No. of series, 18.

No. of members and investors, 277.
Assets.

Loans, on mortgages, $1,500; on
definite contract, $90,378.72; on
shares, $1,855; on contract sales,
$2,333.84_____________________
Arrearages, on shares, $359.30; on
interest, $463.99_____ _______
Cash, in office, $204.62; in bank,
$1,540.82_____________________
Advances, ledger accounts. . .
Bonds owned
_ _________
Total assets______ _________

Liabilities.

$96,067 56
823 29
1,745 44
200 16
1,096 00
$99,932 45

Receipts for Fiscal Year.

Balance from last report_______ _
Installment shares, dues.. . . . _
Paid-up and prepaid shares, dues. _
Interest. _ _
______
F in e s______
. . .
. . . .
Fees
. . . .
____
Loans repaid. _
. .
_____
Overdrafts and bills payable____
Advances repaid, ledger accounts .
Real estate sold.. .
. .. .
Rents, etc. . . . .
__ . . . . .

.Total receipts

. .

No. of shares, 3411.

Installment shares, dues_____
Installment shares, profits .
Paid-up and prepaid shares, capital
__ ...
Advance payments
Overdrafts and bills payable.
Reserve and undivided profits____
Loans due and incomplete.. _____
Sundry ledger accounts____
_
_
Interest accrued __________ __ .
Total liabilities . . . .

...

$56,255
9,415
18,000
369
11,400
3,266
896
280
49

10

18
00

26
00
66

72

00

53

$99,932 45

Disbursements for Fiscal Year.

$664 91 Overdrafts and bills payable. . .
32,275 00 Loans on .mortgages and shares___
1,000 00 Interest paid
. _. . _
5,814 71 Dues repaid, installment shares ._
15 72 Profits repaid, installment shares. .
301 30 Paid-up and prepaid shares, capital
16,801 71 Paid-up and prepaid shares, divi4,100 00
dends_____ ______________ __
310 44 Advances, ledger accounts. .
2,100 00 Real estate, repairs, e t c . . ___
306 24 Bonds purchased-------- . . .
Salaries___
_
_________
Taxes..
_______ ______
Other expenses-.
Balance, cash in office and bank___
$63,690 03

Total disbursements

_
_

$4,000
47,288
618
4,053
317

00
28
84
70
70

2,000 00

1,510
488
131
48
919
61
506
1,745

65
56
60
00
00

33
93
44

$63,690 03

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
3 9 .____ _________________________
________
42 ___________
44 . _______ ______________
46________________________________
48________________________________
5 2 . . ................ ........... ...................
54. _____________________________
56________________________________




Age in
months

Total dues
per share

120

$120 00

96
84
72
60
36
24

96
84
72
60
36
24

12

12 00

00
00
00
00

00
00

Book value
per share
$164
124
105
87
71
39
25
12

82
05
36
77
05
93
77
45

Withdrawal
value

Dues plus
profits as
per by-laws

84

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 64.

SAN FRANCISCO.

FRANKLIN MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 995 Market Street, San Francisco.
(Incorporated October 23, 1906.)
B. F e d d e , Secretary.

O t t o F. E. B u r m e is t e r , President.

Fiscal year ended December 31, 1922.
No. of series, none.

No. of members and investors, 399.
Assets.

Loans, on mortgages, $67,628.64;
on definite contract, $165,678.68.
Arrearages, on interest___________
Cash, in office, $4,648.88; in bank,
$30,235.92 ____________________
Real estate, owned______________
Furniture and fixtures_______ '____
Advances, ledger accounts_______
Bonds owned____________________

Liabilities.

$233,307 32
1,283 14
34,884
14,500
1
128
4,156

80
00
00
30
44

Installment shares, dues_________
Installment shares, profits_______
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________

Total assets________ _____ $288,261 00

Total liabilities_____________

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fees____________________________
Loans repaid____________________
Advances repaid, ledger accounts _
Bonds sold______________________
Rents___________________________

Total receipts____

________

No. of shares, 4854.

18
94
06
82
00
6 00

$288,261 00

Disbursements for Fiscal Year.

$8,143 31
89,567 79
18,073 99
291 00
85,158 72
772 80
13,000 00
1,210 43

Loans on mortgages and shares___
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Advances, ledger accounts_______
Bonds purchased--______________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$64,691 00
51,748 24
11,558 26
35,700 00

Total disbursements_________

$216,218 04

$216,218 04

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 5 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$249,546
24,083
48
12,076
2,500

1,320
869
10,000
3,719
280
1,446
34,884

00
38
00

50
63
23
80

85

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 6s.

SAN FRANCISCO.

FIDELITY BUILDING AND LOAN ASSOCIATION.
P. O. address, 255 Montgomery Street, San Francisco.
(Incorporated March 19, 1887.)
W m . E. B o u t o n , Secretary.

W m . A. B a r l a g e , President.

Fiscal year ended March 31, 1922.
No. of series, 43.

No. of members and investors, 540.
Liabilities.

Assets.

Loans, on mortgages, $48,250; on
definite contract, $171,792.34;
on shares, $16,140; on contract
sales, $17,045.44 ______________
Arrearages, on shares, $340; on
interest, $2,581.70_____________
Cash, in office, $1,023.83; in bank,
$900.46____________
Real estate, owned______________
Advances, ledger accounts_______
Bonds owned-__________________
Total assets.

$253,227 78
2,921 70
1,924
9,224
1,627
5,000

29
93
79
00

$273,926 49

Total receipts.

Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Matured shares_________________
Accrued interest_________________

Total liabilities

$129,225 17
37,129 20
21,200 00
1,030 90
54,000 00
23,208 94
5,800 00
2,028 33
303 95

$273,926 49

Disbursements for Fiscal Year.

Receipts for Fiscal Year,

Balance from last report_________
Installment shares, dues______
Paid-up and prepaid shares, dues-Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts Real estate sold_________________
Rents____________

No. of shares, 3794.

$4,287 60
31,354 90
3,600 00
19,133 62
54 33
78 30
77,769 65
60,500 00
1,018 10
9,741 45
907 66

$208,445 61

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends___________
Advances, ledger acce +s_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank
Total disbursements.

$66,500 00
75,085 00
4,548 77
28,433 59
8,678 37
7,100 00
2,238 07
1,270 99
8,618 63
3,087 50
164 00
796 40
1,924 29
$208,445 61

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
47___________________ _________ —
51__________ ________ ________ ____
55________________________________
59____________ ___________________
63_____________________________ _
67--------- -------------------------------------71________________________________
75________________________________
7 9 ............................. ...........................
83_____________________ _____ _____




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$178
155
133
112
93
74
57
41
26
12

08
08
24
50
02
64
40
32
40
57

Withdrawal
value

Dues plus
profits as
per by-laws.

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

86

No. 66.

SAN FRANCISCO.

GLOBE MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 1202 Merchants Exchange Building, San Francisco.
(Incorporated March 30, 1898.)
R. F. C a s s id y , Secretary.

F r a n k O t is , President.

Fiscal year ended March 31, 1922.
No. of series, 15.

No. of members and investors, 98.
Liabilities.

Assets.

Loans, on definite c o n t r a c t ,
$182,596.12; on shares, $400____
Arrearages, on shares, $185.75; on
interest, $252.94_______________
Advances, ledger accounts_______

Total assets.

No. of shares, 4046.

Installment shares, dues_________
$182,998 12 Installment shares, profits________
Paid-up and prepaid shares, capital
438 69 Paid-up and prepaid shares, divi­
dends_________________________
55 50
Investment certificates, principal-.
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Interest in arrears_______________
$183,490 31

$37,305 30
13,576 89
64,200 00
2,568
27,900
651
13,285
13,228
10,521
252

00
00
25
57
82
54
94

$183,490 31

Total liabilities

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

$29,408 72
Installment shares, dues_
$8,315
15 Overdrafts and bills payable_____
Paid-up and prepaid shares, dues .
100 00 Loans on mortgages and s h a r e s . 91,686 65
349 39
Investment certificates___
28,900
00 Interest paid____________________
_
4,707 65
Interest_________________
12,769
16 Dues repaid, installment shares_
2,079 09
Fines____________________
1
75 Profits repaid, installment shares..
Fees____________________
53
25 Paid-up and prepaid shares, divi­
dends_________________________
4,807 50
Loans repaid____________________
A 4,415 02
Overdrafts and bills payable . . .
40,785 57 Investment certificates, principal..
1,000 00
Advances repaid, ledger a r
ants _
72 20 Investment certificates, dividends.
1,000 03
Bonds sold______________
1,963
33 Advances, ledger accounts_______
127 70
1,805 00
Bonus, etc_______________
487
57 Salaries_________________________
Taxes___________________________
140 68
Other expenses__________________
755 59
Total receipts_______________

$137,868 00

Total disbursements_________

$137,868 00

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
41________________________________
45________________________________
47________________________________
49________________________________
53. _____________________________
55. _____________________________
57________________________________
59________________________________




Age in
months
120

96
84
72
48
36
24
12

Total dues
per share
$60
48
42
36
24
18

00

00
00
00
00

00
12 00
6 00

Book value
per share
$90 89
66 59
55 79
45 79
28 06
20 24
13 00
6 27

Withdrawal
value
$85
62
52
43
26
19
12

44
59
44
04
28
23
48
6 14

87

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 67.

SAN FRANCISCO.

HOME MUTUAL DEPOSIT LOAN COMPANY.
P, O. address, 220 Montgomery Street, San Francisco.
(Incorporated December 2 , 1885.)
C. G . H in d s , Secretary.

G e o . M . M it c h e l l , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 141.
Assets.

Loans, on definite c o n t r a c t ,
$281,291.48; on contract sales,
$2,644.74_____________________
Arrearages, on interest___________
Cash, in ohce, $436.77; in bank,
$8,311.14_____________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________

Total assets.

Liabilities.

$283,939 22
1,098 78
8,747 91
559 70
100 00

702 98
4,350 00

Guarantee stock, capital_________
Guarantee stock, surplus_________
Intallment shares, dues__________
Installment shares, profits________
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________ „ ______
Investment certificates, principal-Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Advertising reserve______________

$299,498 59

Receipts for Fiscal Year.

Balance "from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues..
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Rents___________________________

Total liabilities_____________

67 Overdrafts and bills payable_____
26 Loans on mortgages and shares_
_
00 Interest paid____________________
53 Dividends on guarantee stock____
_
48 Dues repaid, installment shares_
11 Profits repaid, installment shares-00 Paid-up and prepaid shares, capital
33 Paid-up and prep '4 shares, divi­
00
dends____________
85 Investment certificates, principal-.
00 Investment certificates, dividends.
Advances, ledger accounts_______
Salaries___ - ____________________
Other expenses and taxes________
Advertising, etc_________________
Balance, cash in office and bank___
Total disbursements.

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 9 per cent.
Book value, dues plus dividend
Withdrawal value, dues plus profits as per by-laws.




$50,000 00
12,737 30
46,462 07
11,173 36
84,024 75
1,256 37
60,070 22
13,000 00
7,389 40
7,688 53
3,512 09
2,184 50
$299,498 59

Disbursements for Fiscal Year.

$850
14,359
38,400
64,720
23,770
141
75
72,204
56,000
1,589
700

$272,811 23

Total receipts.

No. of shares, 1564.

$57,250 00
76,265 09
1,463 75
7,110 00
19,442 04
4,947 32
400 00
3,672 72
82,296 41
3,415 48
1,955 55
2,442 50
3,075 47
326 99
8,747 01
$272,811 23

88

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 68.

SAN FRANCISCO.

MECHANICS BUILDING AND LOAN ASSOCIATION.
P. O. address, 255 Montgomery Street, San Francisco.
(Incorporated January 6 , 1891.)
J. P. F r a s e r , President.

W m . E. B o u t o n , Secretary.

Fiscal year ended December 31, 1921.
No. of series, 31.

No. of members and investors, 71.
Liabilities.

Assets.
Loans, on mortgages, $66,750; on
definite contract, $28,186.89; on
shares, $1,185.___
_____
Arrearages, on shares, $20; on
interest, $34.
.
_ .
Cash, in office, $176.82; in bank,
$748.81_______________________
Advances, ledger accounts___ __ .
Bonds owned. .
. . .
Total assets..

.

.

No. of shares, 1202.

.

_
Installment shares, dues____ _
Installment shares, profits.. . . .
$96,121.89 Paid-up and prepaid shares, capital
Advance payments. . . .
- 54 00 Overdrafts and bills payable
_
_
Reserve and undivided profits____
925 63 Interest accrued---- ---------------41 34
1,500 00

$54,497
8,890
8,600
186
18,700
7,720
48

$98,642 86

$98,642 86

Total receipts.. ______ __ . .

________

38
00
31
33

Disbursements for Fiscal Year.

Receipts for Fiscal Year.
Balance from last report.. _____
Installment shares, dues. . ._
Paid-up and prepaid shares, dues. _
Interest- — . ---------. . .
Fines
_______ —
Fees
________
Loans repaid
. . __ — _ .
Overdrafts and bills payable. . . _
Advances repaid, ledger accounts .

Total liabilities..

50
34
00

_
$1,624 80 Overdrafts and bills payable. _
_
11,696 00 Loans on mortgages and shares_
______
2,000 00 Interest p a i d ________
_
7,203 10 Dues repaid, installment shares_
4 80 Profits repaid, installment shares..
20 60 Paid-up and prepaid shares, capital
12,553 92 Paid-up and prepaid shares, divi7,700 00
dends__
..
. . . . .
50 79 Advances, ledger accounts. .
.
. .
Salaries___ ______
T a x e s ._____ .
. _
. _
_
Other expenses__ _ __ _____ __
Balance, cash in office and bank___
$42,853 92

Total dibursements___ - _ _

$11,500
11,675
1,414
6,711
2,568
5,500

00
00
98
86

95
00

969 48
22 00

1,308
85
173
925

00
00
02
63

$42,853 92

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.

40_____________ _____ ____________
44__________ _____________________
47______________________________
52__________
______
________
56. ____________________________
60_______________________________
64_______________________________
68 _______________________ ________
7 2 ________________________ ___
75________________________________




Age in
months
120

108
99
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

99
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$167
146
131
107
89
72
55
40
25
12

91
85
67
56
35
08
76
40
98
48

Withdrawal
value

89

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 69.

SAN FRANCISCO.

NORTHERN CALIFORNIA BUILDING AND LOAN ASSOCIATION.
P. O. address, 255 Montgomery Street, San Francisco.
(Incorporated October 2, 1911.)
W m. E. B o u t o n , Secretary.

F. W. B l a n c h a r d , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 237.
Assets.

Aiu aus,

011 u einiiut;

No. of shares, 340.
Liabilities.

c o n t r a c t ,

Guarantee stock, capital_________
Guarantee stock, surplus_________
Investment certificates, principal-.
Investment certificates, dividends.
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________

*34,000 00
3,781 70
51,605 78
2,127 47
335 47
40,000 00
1,479 25
15,465 87
209 76
*149,005 30

*145,759.94; on shares, *90_____
Arrearages, on interest___________
Cash, in office, *619.27; in bank,
*1,304.88_____________________
Furniture and fixtures___________
Advances, ledger accounts_______

*145,849 94
869 04

Total assets_________________

*149,005 30

Total liabilities______________

Balance from last report_________
Guarantee stock_________________
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Guarantee surplus, etc___________

*10,632 83
9,000 00
49,178 28
11,119 65
57 23
4,213 28
22,614 41
72,000 00
179 66
1,090 80

Overdrafts and bills payable_____
Loans on mortgages and shares. . Interest paid____________________
Dividends on guarantee stock____
Investment certificates, principal..
Investment certificates, dividends.
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
Loan fees, etc____
Balance, cash in office 'd bank___

Total receipts_______________

*180,086 14

Total disbursements_________

1,924 15
351 77
10 40

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues *1.00 per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




*61,000
73,141
2,648
1,095
29,432
2,432
10
1,452
92
5,751
1,106
1,924

00
08
66

60
00
28
40
50
00
45
02
15

*180,086 14

90

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 70.

SAN FRANCISCO.

OCCIDENTAL LOAN ASSOCIATION.
P. O. address, 1933 Ellis Street, San Francisco.
(Incorporated August”28, 1885.)
B e n j . M. S t ic h , Secretary.

S. C a m p b e l l , President.
Fiscal year ended September 6 , 1921.

No. of series, 25.

No. of members and investors, 174.
Liabilities.

Assets.

Loans, on mortgages, $102,147.90;
OH OUctiCO) c l b . (

f OQ

No. of shares, 791.

COI1"

tract sales, $17,112.19__________
Arrearages, on shares, $2,279; on
interest, $4,108.09_____________
Cash, in office, $961.85; in bank,
$7,750.58___________________ r _
Real estate, owned______________
Advances, ledger accounts_______
Total assets________________

Guarantee stock, capital_________
Installment shares, dues_________
$121,560 09 Installment shares, profits_______
Paid-up and matured shares, cpital
6,387 09 Reserve and undivided profits____
Sundry ledger accounts--------------8,712 43
10,999 90
2,010 97
$149,670 48

Total receipts_______________

$149,670 4

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and matured shares, duesInterest_________________________
Premiums_______________________
Fees-----------------------------------------Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold_________________
Escrows, rents, etc_________
__

Total liabilities_____________

$20,000 00
57,240 00
18,503 38
35,209 04
18,634 52
83 54

$21,939
8,996
7,000
10,348
1,985
7
42,158
3,000
696
4,500
5,367

87
00
00
93
56
40
42
00
15
00
64

$105,999 97

Overdrafts and bills payable-------Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and matured shares, capital
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Escrows, etc____________________
Balance, cash in office and bank___
Total disbursements-------------

$3,000 00
59,854 03
12 32
11,704 00
5,828 73
6,940 96
1,090 47
2,259 26
3,300 00
519 92
779 85
2,000 00
8,712 43
$105,999 97

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.

27________________________________
28________________________________
2 9 ______ _______________
- 30________________________________
31________________________________
32________________________________
33________________________________
34________________________________
3 6 ........................... ........................




Age in
months
120

108
96
84
72
60
48
36
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36

00
00
00
00

00
00

12 00

Book value
per share
$170
146
125
105
87
70
54
39
12

47
93
32
52
25
28
42
53
39

Withdrawal
value
$157
135
115
96
80
65
51
37
12

85
25
05
91
38
14
21
76
19

91

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 71.

SAN FRANCISCO.

PACIFIC STATES SAVINGS AND LOAN COMPANY.
P. O. address, 550 California Street, San Francisco.
(Incorporated June 14, 1889.)
W. S. P a r d y , Secretary.

F e r d . R e is , J r ., President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 3778.
Assets.

No. of shares, 3693.
Liabilities.

Loans, on mortgages, $93,953.41;
Paid-up and prepaid shares, capital
on definite contract, $700,619.58;
Paid-up and prepaid shares, divion shares, $1,750 .
$1,796,322 99
dends
-_______
Arrearages, on shares, $5,792.40;
Investment certificates, principal_
on interest, $14,694.95
20,487 35 Investment certificates, dividends.
Cash, in office, $590.86; in bank,
Advance payments. ___ _______
$37,788.76____________________
38,379 62 Reserve and undivided profits
Real estate, owned (office buildLoans due and incomplete
.. _
ing, $84,694)__________________
128,296 83 Sundry ledger accounts- .
.
Furniture and fixtures . . .
300 00
Advances, ledger accounts
_ _
8,581 28
Bonds o w n e d -_
_
__
. _
104,612 50
Total assets__________

____

$2,096,980 57

Receipts for Fiscal Year.
Balance from Jaat report_ - Investment certificates
Interest
.
______ Fees—
_ _
Loans repaid
- _ ._ . _ __ __
Overdrafts and bills payable__ - _
Advances repaid, ledger accounts Bonds sold .
_ _
. .
All other receipts___ ______ - - -

Total receipts - - _____

Total liabilities. ________

19,783
1,274,867
222,097
14,449
278,259
7,138
16,610

01

36
83
25
62
56
94

$2,096,980 57

Disbursements for Fiscal Year.
15 Overdrafts and bills payable.
73 Loans on mortgages and shares___
48 Interest and discount__________
00 Paid-up and prepaid shares, capital
78 Paid-up and prepaid shares, dividends. . . _
00
00 Investment certificates, principal..
5
10,000 00 Investment cert'4 cates, dividends.
—
13,764 89 Advances, ledger . -mints. _
Real estate acquired--- -----------Salaries.
. . . . . . .
. .
Taxes .
.
. . .
Other expenses .
. _____ __
All other disbursements___ __
Balance, cash in office and bank___

$79,120
452,735
163,899
975
470,749
40,000
30,436

$1,261,681 03

Total disbursements

_ .

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 60 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




.

$263,774 00

$40,000
647,729
700
840

00

23,929
284,704
62,536
33,555
87,711

74
61
49
81
73

00

37
36

12,000 00
2,676 22

26,817 08
100 00

38,379 62
$1,261,681 03

92

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 72.

SAN FRANCISCO.

PROGRESS MUTUAL LOAN ASSOCIATION.
P. O. address, 715 Clunie Building, San Francisco.
(Incorporated December 31, 1894.)
N. S t e in b e r g e r , Secretary.

F r e d T . J e n n e r , President.

Fiscal year ended December 31, 1921.
No. of series, 12.

No. of members and investors, 126.
Liabilities.

Assets.

Loans, on definite c o n t r a c t ,
$52,941.42; onshares, $1,085___
Arrearages, on shares, $7.30; on
interest, $67.34________________
Cash, in bank___________________
Real estate, owned______________
Advances, ledger accounts_______
Other assets_____________________
Total assets________________

Installment shares, dues_________
$54,026 42 Installment shares, profits________
Overdrafts and bills .payable_____
74 64 Reserve and undivided profits____
1,462 89
700 00
15 00
50 00
$56,328 95

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid ledger accounts _
Real estate sold_________________
All other receipts________________
Total receipts_________

No. of shares, 936.

_.

Total liabilities_____________

$37,179
8,705
8,500
1,943

60
51
00
84

$56,328 95

Disbursements for Fiscal Year.

$268
7,803
4,083
13
24
16,051
22,000
97
410
20

67
00
72
74
90
98
00
83
89
00

Overdrafts and bills payable_____
Loans on mortgages and shares__
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
Contingent fund, etc_____________
Balance, cash in office and bank

$50,774 73

Total disbursements_________

$15,500
27,995
396
3,382
413
61
1,033
52
388

00
00
52
00
61
82
00
74
28
88 87
1,462 89

$50,774 73

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
18______ _________________________
19________________________ _______
20 ________________________________
21 ________________________________
22 ________________________________
23___________
_________________
24________________________________
25________________________________
26__________ _____________________
27________________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share

00
00
00

$158
138
119
101
84

00

68

$120 00
108 00

96
84
72
60
48
36
24

Book valul
per share

00
00
00

12 00

53
38
25
12

29
17
23
33
41
42
28
89
26
33

Withdrawal
value
$157 50
137 50
118 00
100 00

83
67
52
38
25
12

50
50
75
50
00
25

93

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 73-

SAN FRANCISCO.

PROVIDENT MUTUAL LOAN ASSOCIATION.
P. O. address, 715 Clunie Building, San Francisco.
(Incorporated September 24, 1887.)
N. St e in b e r g e r , Secretary.

I. F. M o u l t o n , President.
Fiscal year ended September 30, 1921.

No. of series, 11.

No. of members and investors, 282.
Assets.

Loans, on definite c o n t r a c t ,
$213,901.73; onshares, $3,810-.Arrearages, on shares, $16.60; on
interest, $188.27_______________
Cash, in bank___________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________
Total assets________________

No. of shares, 3539.
Liabilities.

$217,711 73
204
1,604
1,929
225
186
3,000

87
00
93
00
30
00

$224,861 88

Receipts for Fiscal Year.

Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Overdrafts and bills payable-_____
Reserve and undivided profits____
Loans due and incomplete_______

Total liabilities_____________

$132,217
34,029
200
41,500
8,915
8,000

20
38
00
00
30
00

$224,861 88

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid______________ — __
Overdrafts and bills payable_____
Advances repaid, ledger accounts Rents, etc_______________________

03
10
36
46
86 10
40,728 80
117,000 00
650 54
1,130 52

Overdrafts and bilb payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, divi­
dends_________________________
Advances, ledger accounts_______
Salaries_________________________
Taxes___________
Other expenses__________________
Office fixtures, etc_______________
Balance, cash in office and bank___

$96,000 00
78,427 55
2,646 09
15,905 70
5,764 82

Total receipts_______________

$206,255 91

Total disbursements_________

$206,255 91

$1,670
28,704
16,249
36

12 00

550
3,252
225
746
1,120
1,604

24
50
78
71
52
10

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
27.................................... ....... .............
28___________ ____ ________________
2 9 . . ____ ________________________
30________________________________
31________________________________
32_______________ _______ ________
33______________ _______ _________
34_______________ __________ _____
35________________________________
36___________________________ ____




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$168
146
125
106
87
70
54
39
25
12

59
39
59
07
82
73
72
72
65
42

Withdrawal
value
$168 00
145 00
122 50
101 60
83 75
67 50
52 80
38 70
25 20
12 25

94

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 74-

SAN FRANCISCO.

WESTERN LOAN ASSOCIATION.
P. O. address, 1933 Ellis Street, San Francisco.
(Incorporated November 12, 1886.)
B. M. G u n z b u h g e r , Secretary.

F r a n k R. D a n n , President.

Fiscal year ended March 20, 1922
No. of series, 30.

No. of members and investors, 218.
Assets.

Liabilities.

Loans, on mortgages, $72,975; on
definite contract, $15,524.59; on
shares, $700; on contract sales,
$26,615.41____________________
Arrearages, on shares, $2,018; on
interest, $5,112.76 . _ _
Cash, in office, $1,174.25; in bank,
$3,954.95_____ _____ __________
Real estate, owned- _____ __
Advances, ledger accounts__ - _
Total assets.

_

No. of shares, 1009.

_ _

Guarantee stock, capital _
Installment shares, dues
Installment shares, profits. $145,815 00 Overdrafts and bills payable
Reserve and undivided profits____
7,130 76 Sundry ledger accounts.
_ __
Real estate suspense_____________
5,129 20
21,458 47
3,107 28
$182,640 71

Receipts for Fiscal Year.

Balance from last report_____ __
Installment shares, dues.
Interest
- _ . ..
Premiums.
_ _____ ____ __
Fees. - - - - Loans repaid . . _ _________ .
Overdrafts and bills payable__ - - ■
Advances repaid, ledger accounts .
Real estate sold__ ______ _____
Rents, etc___ __ _________ _ _ _

Total liabilities_____ .

$30,000
60,370
17,368
9,500
13,787
49,304
2,309

00
00
62
00
87
70
52

$182,640 71

Disbursements for Fiscal Year.

$14,723
10,609
9,740
1,975
8

17,460
5,000
17,836
2,700
4,816

51
00
99
05
60
11
00
28
03
04

Overdrafts and bills payable _ . .
Loans on mortgages and shares___
Interest paid _ __
_
.
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Advances, ledger accounts
Real estate, expense. -_ _
Salaries. -_ ______________
Taxes. __ - __ ______ __ __ _
Other expenses __
___ __ . . .
Balance, cash in office and bank___

$84,869 58

$4,500
38,470
2,608
16,216
7,527
1,859
2,455
3,600
1,725
777
5,129

00
23
15
00

33
66

25
00
80
96
20

$84,869 58

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.

Age in
months

26_______________ _____ __________
27_______________ _______ ________
28_______________________________
29_______________________________
30_______________________________
31_______________________________
32__________________________ •____
33_______________ ______ _________
34_____________ ______ ___________
3 5 . . ____ ________________________
36_________________________ ______

124
112
100
88
76
64
52
40
28
16
12




Total dues
per share
$128
112
100
88
76
64
52
40
28
16
12

00
00
00
00
00
00
00
00
00
00
00

Book value
per share
$176
153
131
111
93
76
59
44
30
16
12

83
41
81
89
37
05
89
69
37
84
45

Withdrawal
value
$163
140
120
102
85
70
55
42
29
16
12

62
98
67
33
55
02
94
34
18
42
22

95

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 75.

SAN JOSE.

GUARANTY BUILDING AND LOAN ASSOCIATION.
P. O. address, 94 North First Street, San Jose.
(Incorporated June 3, 1919.)
H. S. K it t b e d g e , Secretary.

W. M. S o n t h e im e b , President.
Fiscal year ended June 30, 1922.

No. of series, none.

No. of members and investors, 974.
Assets.

Loans, on definite c o n t r a c t ,
$1,187,443.25; on shares, $900_
_
Arrearages, on interest___________
Cash, in office, $946.66; in bank,
$4,206.99 _____________________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned___________________
Total assets.................. ...........

Liabilities.

$1,188,343 25
3,419 84
5,153 65
1,000 00
191 17
20,150 00
$1,218,257 91

Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock________ .________
Investment certificates___________
Interest_________________________
Premiums_______________________
Loans repaid__________ _________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Bonds sold______________________
Rents, etc________________

Guarantee stock, capital_________
Investment certificates, principal_
Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Total liabilities_____________

10
00
50
29
59
78

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dividends on guarantee stock____
Investment certificates, principal. _
Investment certificates, dividends.
00 Advances, ledger accounts_______
08 Bonds purchased________________
00 Salaries_________________________
19
Other expenses__________________
All other.disbursements__________
Balance, cash in office and bank___
Total disbursements__

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$105,000 00
993,186 81
51,389 80
252 46
2,410 27
65,968 57
50 00
$1,218,257 91

Disbursements for Fiscal Year.

$3,028
5,000
674,151
87,184
385
201,095
70,000
4,938
42,500
206

$1,088,489 53

Total receipts.

No. of shares, 1050.

____

$135,000
484,775
798
2,500
339,712
: 20,372
4,828
62,650
19,380
1,762
11,512
45
5,153

00

29
17
00
12

64
17
00
00

04
45
00

65

$1,088,489 53

96

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 76.

SAN JOSE.

HOME OWNERS BUILDING AND LOAN ASSOCIATION.
P. O. address, 70-76 West San Antonio Ave., San Jose.
(Incorporated August 21, 1919.)
R o l e y S. K o o se r , Secretary.

R. O. S u m m e r s , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 94.
Assets.

Liabilities.

Loans, on definite contract_______
Arrearages, on shares, $700; on
interest, $47.50. __ ________ __
Cash, in office, $282.69; in bank,
$2,233.88 ___ .
_____
Advances, ledger accounts . _______
Total assets

...

No. of shares, 110.

...

$33,017 16 Guarantee stock, capital
Guarantee stock, surplus .
. _
747 50 Installment shares, dues_____
Investment certificates, principal_
2,516 57 Reserve and undivided p ro fits _
_
9 00 Loans due and incomplete_______
_______
Sundry ledger accounts

$ 10,000
300
9
19,956
497
5,474
51

$36,290 23

$36,290 23

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Fines___________________________
Loans repaid____________________
Overdraft sand bilb payable_____
Advances repaid, ledger accounts _
All other receipts________________
Total receipts_______________

Total liabilities___________ .

50
61
39
73
00

Disbursements for Fiscal Year.
$1,920 18 Overdrafts and bills payable_____
4 50 Loans on mortgages and shares___
12,270 77 Interest paid____________________
2,102 43 Dividends on guarantee stock____
24 00 Investment certificates, principal-.
5,896 49 Advances', ledger accounts_______
4,000 00 Salaries_________________________
33 00 Other expenses_________________
315 00 Balance, cash in office and b a n k ..
$26,566 37

Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




00
00

$5,500 00
16,464 27
42 60
495 00
782 96
264 00
240 00
.200 97
2,516 57
$26,566 37

97

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 77.

SAN JOSE.

MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 34 East San Antonio Avenue, San Jose.
(Incorporated March 12, 1889.)
W. B. R ice , Secretary.

G eo . E. G baft , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 1706.
Assets.

No. of shares, 9782.
Liabilities.

Loans, on definite c o n t r a c t ,
Installment shares, dues_________
$2,137,407.10; o n s h a r e s ,
Installment shares, profits_______
$9,825.40; on contract sales,
Paid-up and prepaid shares, capital
$89,721.57................
$2,236,954 07 Paid-up and prepaid shares, divi­
Arrearages, on interest___________
253 01
dends_________________________
Cash, in office, $85; in bank,
Investment certificates, principal-$30,219.35____________________
30,304 35 Overdrafts and bills payable_____
Reserve and undivided profits____
Real estate, owned (office build­
ing lot)________________________
42,000 00 Loans due and incomplete_______
2,819 50 Sundry ledger accounts__________
Furniture and fixtures___________
Advances, ledger accounts_______
422 30
Bonds owned___________________
7,242 25
Other assets_____________________
2,102 39
Total assets________________

$2,322,097 87

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues.Investment certificates___________
Interest_________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Bonds sold______________________
Insurance, etc___________________

Total receipts_______________

Total liabilities_____________

89
42
00
22
92
05
00
16
50
54

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares—
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, nrincipal—
Investment certificates, a ,. 'dendsReal estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank___

$1,737,891 70

Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.




64,098 17
28,276 43
40,000 00
62,114 73
130,801 77
612 76

$2,322,097 87

Disbursements for Fiscal Year.
$9,634
298,990
467,575
50,072
159,090
459,385
242,500
474
48,863
1,305

Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.

17- -21142

$463,886 88
39,907 13
1,492,400 00

$247,500
648,630
1,597
169,125
558
442,600

00
10
42
18
02
00

105,562
25,642
311
42,000
18,004
1,715
4,175
165
30,304

71
04
74
00
55
25
34
00
35

$1,737,891 70

98

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 78.

SAN JOSE.

NUCLEUS BUILDING AND LOAN ASSOCIATION.
P. O. address, 12 North First Street, San Jose.
(Incorporated March 28, 1889.)
C. H. J o h n s o n , Secretary.

G e o . B. M cK e e , President.

Fiscal year ended April 4, 1922.
No. cf series, none.

No. of members and investors, 718.

Liabilities.

Assets.

Loans, on definite c o n t r a c t ,
$709,311.44; on shares, $75_____
Arrearages, on interest-- - _
Cash, in office, $15,565.43; in bank,
$15,123.39 - - .
-- Furniture and fixtures. _
_ T
Advances, ledger accounts Bonds owned
. _ . . _.
Total assets

__

Installment shares, dues
.. .
$709,386 44 Installment shares, profits. . __
1,375 15 Paid-up and prepaid shares, capital
Reserve and undivided profits____
30,688 82 Loans due and incomplete___
200 Oo
111 25
3,000 00

$601,578
79,526
5,900
15,255
42,501

$744,761 66

$744,761 66

Total receipts. .

Total liabilities

_ ________
_

$11,910
375,698
45,257
149,259
15,000
79

67 Overdrafts and bills payable . . .
65 Loans on mortgages and shares___
_ _
86 Interest paid
_
70 Dues repaid, installment shares_
00 Profits repaid, installment shares. _
15 Paid-up and prepaid shares, capital
Paid-up and prepaid shares, dividends.. __ _______ __ _ _ _
Advances, ledger accounts___ . .
Salaries . _ .
Taxes.
Other expenses- __
_
_ ...
All other disbursements. - _ __ _
_
Balance, cash in office and bank___

$597,206 03

Total disbursements.. .

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per mouth.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




11

60
00
67
28

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report. _ . . _
Installment shares, dues ______
Interest. .
Loans repaid. . _ . _
_ _ __
Overdrafts and bills payable
Advances repaid, ledger accounts _

No. of shares, 10,479.

$15,000
251,939
63
252,782
26,089
13,500

00
11

35
35
58

00

632 50
111 25
4,095 00
593 21
1,453 36
257 50
30,688 82
$597,206 03

99

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 79-

SAN JOSE.

SAN JOSE BUILDING AND LOAN ASSOCIATION.
P. O. address, 81 West Santa Clara Street, San Jose.
(Incorporated January 30, 1885.)
A l l e n R u d o l p h , Secretary.

V. Koch, President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 1598.
Assets.

Liabilities.

Loans, on mortgages, $455,334.73;
on d e f i n i t e c o n t r a c t ,
$1,073,166.53; on contract sales,
$5,755.48_____________________ $1,534,256 74
Arrearages, on interest, $2,543.51;
on fines, $20.15________________
2,563 66
Cash, in office, $2,336.08; in bank,
$46,733.79____________________
49,069 87
Real estate, owned______________
17,838 72
Furniture and fixtures___________
4,563 12
Bonds owned________'___________
40,000 00
Other assets_____________________
930 00
Total assets________________

No. of shares, 25,311.

$1,649,222 11

Receipts for Fiscal Year.

Installment shares, dues_________
Installment shares, profits_______
Investment certificates, principal-Investment certificates, dividendsReserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________

Total liabilities_____________

$1,649,222 11

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, d"es_________
Investment certificates___________
Interest_________________________
Premiums and commissions______
Fines___________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts Bonds sold______________
Rents, etc_______________________

$21,818 31
613,906 34
154,293 41
100,615 46
1,397 69
388 73
353,207 75
60,000 00
22,431 99
36,000 00
1,242 35

Total receipts_______________

$1,365,302 03

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares_
Investment certificates, principal—
Investment certificates, dividends.
Advances, ledger accounts_______
Bonds purchased________________
Salaries_______„ _______
Taxes___________________________
Other expenses_____________.____
Office fixtures___________________
Balance, cash in office and bank___
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$1,295,475 56
122,715 50
57,560 19
685 09
49,420 40
120,491 29
2,874 08

$60,000 00
596,278 58
369 28
353,993 52
45,821 75
161,855 67
2,954 39
20,345 61
56,000 00
9,100 00
1,486 40
3,944 49
4,082 47
49,069 87
$1,365,302 03

100

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 80.

SAN LUIS OBISPO.

SAN LUIS BUILDING AND LOAN ASSOCIATION.
P. O. address, 792 Monterey Street, San Luis Obispo.
(Incorporated March 1, 1888.)
M. L e w i n , Secretary.

B e n j . B r o o k s , President.

Fiscal year ended March 1, 1922.
No. of series, 21.

No. of members and investors, 429.
Assets.

Loans, on mortgages, $364,500;
on shares, $2,050______________
Arrearages, on shares, $115; on
interest, $ 102.68 ; on fines,
$119.42...........
Cash, in bank___________________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned___________________
Total assets.

Liabilities.

$366,550 00
337 10
7,310 53
425 00
8 65
5,000 00
$379,631 28

Total receipts.

Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Total liabilities.

$236,182 00
61,572 88
60,800 00
304
6,952
5,349
8,375
95

00
94
18
00
28

$379,631 28

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues..
Interest_________________________
Fines___________________________
Fees___________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Escrows, etc_____________________

No. of shares, 5279.

$6,696
60,780
15,800
28,658
166
158
65,315
10,500
198
.630

00
00
00
24
64
87
00
00
58

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest and discount____________
_
Dues repaid, installment shares_
Profits repaid, installment shares-.
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends------------------------------------Advances, ledger accounts_______
66 Salaries_________________________
Taxes___________________________
Other expenses__________________
Office fixtures, etc_______________
Balance, cash in office and bank___

$188,923 99

Total disbursements.

$10,500 00
138,415 58
577 05
'16,179 00
3,577 51
800 00
4,626
189
4,687
396
650
1,013
7,310

64
23
60
80
95
10

53

$188,923 99

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
23__________________________ _____
25____________ ______ ____________
27________________________________
29________ __________ ____________
31________________________________
33_________ ____________________
35________________________________
37________ —__________________
39________________________________
41________________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$171
148
127
107
89
71
55
40
25
12

77
99
83
99
28
84
41
00
77
47

Withdrawal
value
$171
143
121
101
83
66

51
38
24
12

77
87
46
39
23
81
71
00
89
24

101

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 81.

SAN MATEO.

SAN MATEO MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 318 B Street, San Mateo.
(Incorporated June 2, 1896.)
Jos. B. G o r d o n , Secretary.

W m. F. T u r n b u l l , President.
Fiscal year ended December 31, 1921.

No. of series, 38.

No. of members and investors, 238.
Liabilities.

Assets.

Loans, on mortgages_____________
Arrearages, on shares, $1,643; on
interest, $1,441.57; on fines,
$164.30_______________________
Cash, in bank___________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned___________________
War Savings Stamps____________
Total assets________________

$163,705 00 Installment shares, dues_________
Installment shares, profits________
Paid-up and prepaid shares, capital
3,248 87 Paid-up and prepaid shares, divi­
2,335 85
dends_________________________
275 79 Advance payments______________
270 75 Overdrafts and bills payable.____
704 81 Reserve and undivided profits____
2,500 00 Loans due and incomplete_______
276 00 Sundry ledger accounts__________
All other liabilities_______________
$173,317 07

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues. _
Interest_________________________
Premiums_______________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold_________________
All other receipts________________
Total receipts_______________

No. of shares, 2319.

Total liabilities_____________

$64,353 00
13,707 11
33,400 00
1,087
420
49,800
5,362
4,848
288
50

06
69
00

08
34
79
00

$173,317 07

Disbursements for Fiscal Year.

$1,665
22,935
7,200
10,708
336
165
180
21,495
65,400
924
4,506
7

85
00
00
76
54
55
25
00

00
39
00
50

$135,524 84

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends... . ___________________
Advances, ledger'accounts_______
Salaries_____________ 1. -----------Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$42,295 00
63,754 84
2,342 85
12,408 00
2,540 05
4,400 00

Total disbursements_________

$135,524 84

1,806
1,091
1,988
109
450
2,335

05
16
00
72
32
85

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
63________________________________
6 7 ______________________________
71_______________________ ______
75______________ : ________________
79________________________________
8 3 ___________________________
.
87________________________________
91________________________________
9 5 ______________________________
99________________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share

Book value
per share

$120 00
108 00

$170
148
126
107

00

71
55
40
25
12

96
84
72
60
48
36
24

00
00
00

00
00
00

12 00

88

85
16
96
15
64
33
15
00
78
46

Withdrawal
value
$167
145
124
105
86

69
54
39
25

43
20
42
01
87
90
05
20
26

12 21

102

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 82.

SAN RAFAEL.

MARIN COUNTY MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 713 Fourth Street, San Rafael.
(Incorporated July 19, 1886.)
L . A. L a n c e l , Secretary.

G e o . M. D o d g e , President.

Fiscal year ended July 31, 1921.
No. of series, 18.

No. of members and investors, 244.
Assets.

Loans, on mortgages_____________
Arrearages, on shares, $130; on
interest, $165; on fines, $14.75_
_
Real estate, owned______________
Total assets........., ............. .

Liabilities.

$158,000 00 Installment shares, dues_________
$126,690
Installment shares, profits_____ 26,933
309 75 Advance payments______________
180
5,877 69 Overdrafts and bills payable_____
3,404
Reserve and undivided profits____
6.978
$164,187 44

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fines___________________________
Fees___ ___________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Real estate sold_____ '___________
Total receipts_______________

No. of shares, 3981.

Total liabilities_____________

00
98
00
99
47

$164,187 44

Disbursements for Fiscal Year.

$11,459
48,380
13,104
76

40
00
60
62
121 70
13,600 00
3,404 99
491 97
1,889 07

Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Salaries_________________________
Taxes___________________________
Other expenses__________________

$92,528 35

Total disbursements_________

$44,600
17
36,771
8,912
1,560
147
518

00
92
00
80
00
90
73

$92,528 35

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
37___________ _____ ______ ________
40 _______________________________
42________________________________
44________________________________
46________________________________
48________________________________
50________________________________
52________________________________
54________________________________




Age in
months
114
96
84
72
60
48
36
24
12

Total dues
per share
$114
96
84
72
60
48
36
24

00
00
00
00
00

00
00
00

12 00

Book value
per share
$179
138
115
94
74
57
40
26
12

69
50
16
12
74
04
80
06
58

Withdrawal
value
$176
134
108
87
68

57
38
25
12

41
25
93
48
84
57
40
03
29

103

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 83.

SANTA ANA.

HOME MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 115 West Fourth Street, Santa Ana.
(Incorporated April 1, 1893.)
O. M. R o b b in s , Secretary.

P. G. B ie s s e l , President.
Fiscal year ended December 31, 1921.

No. of series, 23.

No. of members and investors, 1821.
Assets.

No. of shares, 6838.
Liabilities.

Loans, on mortgages, $106,625; on
Installment shares, dues_________
definite contract, $898,372.01;
Installment shares, profits_______
on shares, $9,843______________ $1,014,840 01 Investment notes, principal______
Arrearages, on shares, $104; on
Investment notes, dividends_____
interest, $7,814.40...........
7,918 40 Advance payments______________
12,622 89 Overdrafts and bills payable_____
Cash, in bank___________________
Real estate, owned (office building)
16,276 41 Reserve and undivided profits____
Furniture and fixtures___________
1 00 Loans due and incomplete_______
Bonds owned___________________
5,000 00
Total assets________________

$1,056,658 71

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Investment notes________________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Rents___________________________

Total receipts_______________

Total liabilities_____________

$284,991
68,310
579,950
11,000
636
50,000
33,799
27,970

00
46
00
00
55
00
89
81

$1,056,658 71

Disbursements for Fiscal Year.

$7,618
85,154
250,642
80,331
9
184
270,726
50,000
1,665

39
50
00
85
50
85
14
00
00

Overdrafts and bills payable_____
Loans on mortgages and shares___
_
Dues repaid, installment shares_
Profits repaid, installment shares-.
Investment notes, principal______
Investment notes, dividends_____
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other.disbursements___ 618
Balance, cash m oince and bank___

$50,000 00
404,792 64
70,811 50'
23,490 01
140,025 00
3L,311 17
5,550 00:
908 93t
5,202 .02'
07
12,622 89

$746,332 23

Total disbursements_________

$746,332 23

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
30_______________________________
32_______________________________
34_______________________________
36________________________________
38________________________________
40________________________________
42 _____________________________
44________________________________
46_______________________________
48_______________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$174
151
128
108
89
72
55
40
25
12

89
13
95
63
68

01
43
16
83
46

Withdrawal
value
$174
151
128
108
89
71
54
39
24
12

89
18
95
63
68

01
53
16
91
23

104

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 84.

SANTA BARBARA.

LOAN AND BUILDING ASSOCIATION.
P. O. address, 1016 State Street, Santa Barbara.
(Incorporated May 23, 1887.)
J. M. A b b o t t , Secretary.

H. L. St a m b a c h , President.
Fiscal year ended June 30, 1922.

No. of series, none.

No. of members and investors, 755.
Assets.

Loans, on mortgages, $930,226.75;
on definite contract, $5,915.25;
on shares, $8,820______________
Arrearages, on interest___________
Cash, in office, $1,549.70; in bank,
$14,807.22____________________
Furniture and fixtures___________
Advances, ledger accounts_______

Total assets________________

Liabilities.

$944,962 00
1,495 91
16,356 92
490 00
82 28

$963,387 11

Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends------------------------------------Investment certificates, principal-Investment certificates, dividends.
Advance payments______________
Reserve and undivided profits____
Loans due and incomplete.______
Sundry ledger accounts__________
Total liabilities_____________

$647,536 14

Loans on mortgages and shares___
Dues repaid, installment shares_
_
Profits repaid, installmeit shares. _
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal-.
Investment certificates, dividends.
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank___
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$212,257 15
37,261 61
445,400 00
3,376 70
222,050 00
1,148 77
97 90
19,564 64
18,255 89
3,974 45
$963,387 11

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

$8,696 56
Balance from last report_________
Installment shares, dues_________
83,278 83
Paid-up and prepaid shares, dues-259,800 00
Investment certificates___________
69,380 00
Interest_________________________
53,872 12
86 59
Fines___________________________
Loans repaid____________________
160,944 17
Advances repaid, ledger accounts
J0,477 87
Bonds sold_______________________________947 50
Rent, etc_______________________
52 50

Total receipts_______________

No. of shares, 9933.

$384,969
62,297
15,285
30,900

91
68

87
00

16,113 20
96,830 00
12,724 39
6,625 44
2,100 00
722 83
2,286 90
323 80
16,356 92
$647,536 14

105

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 8S-

SANTA BARBARA.

SANTA BARBARA MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, Care County National Bank & Trust Co., Santa Barbara.
(Incorporated May 1, 1901.)
L l o y d I. T il t o n , Secretary.

J a m e s M. W a r r e n , President.

Fiscal year ended February 28, 1922.
No. of series, none.

No. of members and investors, 1633.
Assets.

Loans, on mortgages_____________
Arrearages, on interest___________
Cash, in office, $25; in bank,
$51,782.66____________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned___________________
Other assets_____________________
Total assets_______ _____ ____

No. of shares, 31,395.
Liabilities.

$1,305,977 64 Guarantee stock, capital_________
3,150 00 Guarantee stock, surplus_________
Installment shares, dues_________
51,807 66 Installment shares, profits_______
3,550 00 Reserve and undivided profits____
558 50 Loans due and incomplete_______
2,978 67 Sundry ledger accounts__________
59,158 69
60 00
Total liabilities_____________

$1,427,241 16

Receipts for Fiscal Year.

$76,600
20,884
1,132,860
164,417
5,096
25,569
1,811

00
96
55
73
81
55
56

$1,427,241 16

Disbursements for Fiscal Year.

Balance from last report_________
Guarantee stock_________________
Installment shares, dues_________
Interest_________________________
Fines___ ____________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Real estate sold_________________
Bonds sold______________________
Surplus account, etc_____________

$41,999 48
17,500 00
872,279 55
88,107 86
38 07
209 00
387,010 54
58,500 00
2,568 60
840 00
20,393 95
1,865 85

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares-.
Advances, ledger accounts_______
jBonds purchased________________
Salaries-------------------------------------Taxes.. ----------------------------------Other expenses.t________________
Office fixtures, etc____ __________
Balance, cash in office and bank___

$58,500 00
686,990 83
907 22
8,011 04.
627,499 49
42,497 69
3,388 16
4,000 00
4,073 00
952 99
2,444 82
240 00
51,807 66

Total receipts_______________

$1,491,312 90

Total disbursements_________

$1,491,312 90

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




106

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 86.

SANTA CLARA.

SANTA CLARA BUILDING AND LOAN ASSOCIATION.
P. O. address, 1129 Franklin Street, Santa Clara.
(Incorporated March 19, 1889.)
F. O. R o l l , Secretary.

J. B . O ’B r ie n , President.
Fiscal year ended March 31, 1922.

No. of series, 22.

No. of members and investors, 232.
Liabilities.

Assets.

Loans, on mortgages, $90,100; on
definite contract, $148,297.95;
on shares, $675; on contract
sales, $3,372.43 _______________
Arrearages, on shares, $2,896; on
interest, $3,831.17; on fines,
$90.85________________________
Cash, in bank______ __________ -

Total assets. _ . _________ .

Installment shares, d u e s ________
Installment shares, p rofits___ Paid-up and prepaid shares, capital
$242,445 38 Paid-up and prepaid shares, divi­
dends— - _
_ _
Advance payments6,818 02 Overdrafts and bills payable— . .
14,828 00 Reserve and undivided profits____
Loans due and incomplete__
Sundry ledger accounts . - Real estate reserve. .
. _____

$150,679 50
49,480 77
27.000 00

$264,091 40

$264,091 40

Total receipts ______________

Total liabilities

- _____

337
148
15.000
19,237

50
19
00
00

100 00

1,290 00
818 44

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment shares, dues_____ __ .
Paid-up and prepaid shares, dues. .
Interest_____ ____ __________ __ .
Fines___ __ _____- - - - - - Fees_____ __________ ______ - - Loans repaid__________________ .

No. of shares, 2221.

$24,800
17,500
19,224
116

25
00
77
37
20 60
37,562 24

$99,224 23

Overdrafts and bills payable _
Loans on mortgages and shares_
Interest paid
...
Dues repaid, installment shares_
_
Profits repaid, installment shares.Faid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends __ _______
_ _____
_
Salaries__________ ____ __________
Taxes
___________
- - - - Other expenses.. ___
_______
Balance, cash in office and bank___
Total disbursements- . . _

$24,650
22,425
769
7,802
2,875
21,400

61
00
55
25
60
00

1,691
1,920
702
159
14,828

79
00
20
23
00

$99,224 23

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.

31__________________________________
33_____________________ ____________
35_____ _____________________________
37-------------------------- -------------------------39__________________________________
41_______ __________________________
43__________________________________
45__________________________________
46__________________________________
47__________________________________




Age in
months
120
108
96
84
72
60
48
36
24
12

Total dues
per share
$120
108
96
84
72
60
48
36
24
12

00
00
00
00
00
00
00
00
00
00

Book value
per share
$173
149
126
107
88
71
55
39
25
12

41
85
99
69
88
41
13
82
70
42

Withdrawal
value
$173
149
126
107
88
70
52
38
25
12

41
85
50
00
00
00
50
00
00
25

107

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 87.

SANTA CRUZ.

SANTA CRUZ COUNTY BUILDING AND LOAN ASSOCIATION.
P. O. address, 8 Cooper Street, Santa Cruz.
(Incorporated May 20, 1908.)
H a r k y E. M u r r a y , Secretary.

G e o . W . St o n e , President.

Fiscal year ended April 20, 1922.
No. of series, none.

No. of members and investors, 109.
Assets.

Loans, on mortgages, $73,166.35;
on shares, $550________________
Cash, in office, $41.10; in bank,
$14,100.17____________________
Furniture and fixtures____________
Advances, ledger accounts_______
Bonds owned____________________
Supplies, etc____________________

Total assets________________

Liabilities.

$73,716 35
14,141 27
144 68
68 76
150 00
418 15

$88,639 21

Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock_________________
Installment shares, dues_________
Paid-up and prepaid shares, d ues..
Investment certificates___________
Interest_________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Guarantee capital, surplus, etc___

Total receipts.

No. of shares, 967.

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Installment shares, profits_______
Paid-up and prepaid shares, capital
Investment certificates, principal-.
Investment certificates, dividends.
Reserve and undivided profits____
Sundry ledger accounts__________
Unearned premium, etc__________
Total liabilities_____________

$88,639 21

Disbursements for Fiscal Year.

$1,583
3,300
1,470
62,817
950
4,216
14,006
5,000
70
346

30
00
00
50
01
09
68

00
78
35

$93,760 71

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal..
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
Office fixtures, etc_______________
Balance, cash in office and bank___
Total disbursements.

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$25,000 00
1,462 91
1,000 00
10 22
55,693 00
430 01
1 86
3,508 05
62106
912 10

$5,000 00
62,010 00
173 03
1,868 00
470 00
7,224 50
500
520
192
525
79
974
80
14,141

91
00
69
00
80
67
84
27

$93,760 71

108

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 88.

SANTA MONICA.

BAY CITIES GUARANTY BUILDING AND LOAN ASSOCIATION.
P. O. address, 221 Santa Monica Boulevard, Santa Monica.
(Incorporated May 27, 1921.)
J. D. R is h e l l , Secretary.

W. E. L e a c h , President.
Fiscal year ended June 30, 1922.

No. of series, none.

No. of members and investors, 166.
Assets.

Loans, on mortgages__________ . .
Arrearages, on interest.. . _ .
Cash, in office, $2,437.38; in bank,
$3,006.98 _____
___
..
Furniture and fixtures . . .
Advances, ledger accounts_______

Total assets_
_

...

No. of shares, 684.
Liabilities.

$61,400 00 Guarantee stock, capital_______ __
45 07 Guarantee stock, surplus_________
Installment shares, d u e s _
_
_ _
5,444 36 Installment shares, profits . .
4,732 92 Investment certificates, principal-.
289 00 Investment certificates, dividends.
Overdrafts and bills payable___
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
All other liabilities. . _
_ __
_

$32,595
3,710
7,462
118
2,945
18
19,000
835
4,802
177
246

$71,911 35

$71,911 35

Receipts for Fiscal Year.

Total liabilities___. . .

34
39

00

95
00

16
46
19

86

Disbursements for Fiscal Year.

Guarantee stock_________________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________ , ______
Overdrafts and bills payable. _
_
Advances repaid, ledger accounts .
Guarantee capital premium______

832,255 00
7,546 75
2,945 00
3,537 08
2 49
1 00.
3,683 60
22,000 00
11,445 32
7,420 00

Total receipts_______________

$90,836 24

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Advances, ledjger accounts_______
Other expenses__________________
Office fixtures___________________
Balance, cash in office and bank___
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 ’per cent.
Book value, dues plus dividend.!
Withdrawal value, full book value.




00
00

$3,000
59,060
966.
128
360
10,548
6,593
4,732
5,444

00

78
90
61
00
08
67
92
92
36

90,836 24

109

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 89. SANTA PAULA.

SANTA PAULA BUILDING AND LOAN ASSOCIATION.
P. O. address, 109 South Mill Street, Santa Paula.
(Incorporated April 21, 1890.)
II. H. Y o u n g k e n , Secretary.

D. W. M o t t , President.
Fiscal year ended May 13, 1922.

No. of series, 16.

No. of members and investors, 520.

Liabilities.

Assets.
Loans, on mortgages, $893,500; on
shares, $6,700 __________________
Arrearages, on shares, $2,095.85;
on interest, $1,670.20; on fines,
$163.86_________________________
Cash, in bank_ ______ ___________
_
Furniture and fixtures____________
Advances, ledger accounts.______
Bonds owned ____ ._
______
Other assets. . .
_ . . . _______
Total assets____

_____

$900,200 00
3,929
26,614
2,240
1,972
2,819
153

91
99
77
81
67
27

$937,931 42

Total receipts_________________

Installment shares, dues.
. . . .
Installment shares, profits_______
Investment notes, principal___
Investment notes, dividends . _ .
Advance paym ents___. . .
Overdrafts and bills p a y a b le ..___
Reserve and undivided profits____
Loans due and incomplete___ ____
Escrows___
. .
____

$304,428
47,308
454,875
6,900
1,963
42,000
22,600
55,249
2,608

00
06
00
00
35
00
00
00
01

$937,931 42

Total liabilities .

Disbursements for Fiscal Year.

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Investment notes________________
Interest_________________________
Fines____________________________
Fees__________________
Loans repaid_________ .__________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Bonds sold______________________
Escrows________________________

No. of shares, 12,546.

$13,009 62
126,934 85
148,275 00
72,276 60
172 26
397 55
155.4OD O0
35,000 00
1,082 15
563 96
54,900 52

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares. _
Investment notes, principal______
Investment notes, dividends_____
Advances, ledger accounts_______
Salaries_________________________
Taxes______ __________________
Other expenses__________________
Escrows_________________________
Balance, cash in office and bank___

$608,012 51

Total disbursements_________

$36,000 00
243,809 80
2,525 69
85,498 90
20,11663
98,905 00
26,458 75
1,803 55
6,996 93
545 91
4,098 34
54,638 02
26,614 99
608,012 51

Installment Shares, With Age, Value, and Withdrawal Value.
Serial No.
27____, ........... ... ..........................
. ...
28.............. .................
29
.
..........................
30___________
. . . .
3 1 . _________
3 2 . . . .........................................




Age in
months
72
60
48
36
24
12

Total dues
per month
$72
60
48
36
24

00
00

00
00
00

12 00

Book value
per share
$91
73
56
40
26
12

64
42
40
64
04
52

Withdrawal
value
$90
72
54
39
25
12

85
08
74
34
50
38

110

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 90.

SANTA ROSA.

SANTA ROSA BUILDING AND LOAN ASSOCIATION.
P. O. address, 629 Fourth Street, Santa Rosa.
(Incorporated October 3, 1888.)
C. D. B a r n e t t , Secretary.

D. P. A n d e r s o n , President.
Fiscal year ended October 31, 1921.

No. of series, 11.

No. of members and investors, 223.
Assets.

Loans, on definite c o n t r a c t ,
$133,208.18; on shares, $7,050--.
Arrearages, on shares, $11.90; on
interest, $98.55________________
Cash, in bank___________________
Advances, ledger accounts_______
Bonds owned___________________
Total assets________________

No. of shares, 2071.
Liabilities.

$140,258 18
110 45
1,821 19
6 09
4,050 00
$146,245 91

Receipts for Fiscal Year.

Installment shares, dues_________
Installment shares, profits________
Investment certificates, principal-.
Advance payments______________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Total liabilities_____________

$83,583
24,868
20,471
199
-6,500
5,588
5,033

60
85
67
80
00
97
02

$146,245 91

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Fines___________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts All other receipts________________

$4,340 16
16,112 00
14,275 00
9,531 39
47 00
39,581 08
20,500 00
390 85
63 76

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid______ , _____________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Investment certificates, principal-.
Investment certificates, dividends.
Advances, ledger accounts_______
Salaries_________________________
Taxes__________________ „ _______
Other expenses__________________
Balance, cash in office and bank___

$14,000 00
53,360 24
358 33
17,297 74
6,779 65
8,838 33
943 64
40 85
1,000 00
104 98
296 29
1,821 19

Total receipts________ _______

$104,841 24

Total disbursements_________

$104,841 24

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
24________________________________
25________________________________
26________________________________
27________________________________
28________________________________
29________________________________
30________________________________
31________________________________
32________________________________
33________________________________




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00

00

00
00
00

12 00

Book value
per share ■
$167
145
125
105
87
70
54
39
25
12

Withdrawal
value

61
72
16

$160 50
139 59

86

101 64
84 42
68 25
53 04
38 70
25 14
12 30

74
72
74
74
65
42

120 00

I ll

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 91. SAUSALITO.

SAUSALITO MUTUAL LOAN ASSOCIATION.
P. O. address, 36 Princess Street, Sausalito.
(Incorporated December 1, 1887.)
J. J. Ross, Secretary.

C. O. S h a r p e , President.
Fiscal year ended October 31, 1921.

No. of series, 12.

No. of members and investors, 73.
Liabilities.

Assets.

Loans, on mortgages, $18,500; on
definite contract, $13,766.24; on
contract sales, $3,566.13________
Arrearages, on shares, $25.75; on
interest, $49.06_____ ; _________
Cash, in bank___________________

No. of shares, 901.

$27,047
5,290
1,500
3,054

$36,892 87

Total assets.

Installment shares, dues_________
Installment shares, profits________
$35,832 37 Overdrafts and bills payable_____
Reserve and undivided profits____
74 81
985 69

$36,892 87

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Interest_________________________
Fines___________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts _
Rents. ______________ 1 ____ •
.
___
Total receipts.

Total liabilities.

70
91
00
26

Disbursements for Fiscal Year.

$1,475 77
8,781 75
2,977 76
93 80
20 00
11,257 .03
1,000 00
50 38
60 00
$25,716 49

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Advances, ledger accounts_______
Salaries_________________ ,_______
Taxes__________ , _______________
Other expenses__________________
Balance, cash in office and bank___
Total disbursements.

$3,500
5,325
482
11,829
2,778
192
540
28
54
985

00

00
59
00
47
81
00
00
93
69

$25,716 49

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
29________________________________
31________________________________
33........................ ..................... ...........
35_______________________________
37________________________________
39__________ _______ _________ ____




Age in
months
72
60
48
36
24
12

Total dues
per share
$72
60
48
36
24

00
00

00
00
00

12 00

Book value
per share
$92
73
56
41
26
12

15
83
80
04
18
52

Withdrawal
value

Dues plus
profits as
per by-laws.

112

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 92.

STOCKTON.

SAN JOAQUIN VALLEY BUILDING AND LOAN ASSOCIATION.
P. O. address, 11 South Hunter Street, Stockton.
(Incorporated June 17, 1889.)
A. M. N o b l e , Secretary.

S. N . C r o ss , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 4125.

Liabilities.

Assets.

Loans, on mortgages_____________
Cash, in bank___________________
Advances, ledger accounts_______

Total assets________________

$1,626,617 32 Installment shares, dues_________
28,402 37 Installment shares, profits________
322 41 Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Reserve and undivided profits____
Loans due and incomplete_______
All other liabilities, contingent___
$1,655,342 10

Receipts for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues__
Interest_________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts Real estate sold_________________
Bonds sold______________________

Total receipts.

No. of shares, 35,954.

Total liabilities_____________

97,788
70,489
21,098
12,577

31
56
07
55

$1,655,342 10

Disbursements for Fiscal Year.

$37,109 39
321,222 09
232,503 08
109,445 62
225,282 44
50,000 00
921 92
10,000 00
7,223 60

$993,708 14

Overdrafts and bills payable_____
Loans on mortgages and sh ares..Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Paid-up and prepaid shares, dividends_________________________
Advances, ledger accounts_______
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___
Total disbursements.

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan*
Dues $1.00 per share per month.
Dividend, last fiscal year, 7.2 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$724,598 34
157,988 21
570,802 06

$50,000
601,272
773
166,877
30,005
85,627
13,872
595
295
9,776
1,664
4,563
28,402

00
75
95
74
65
87
64
65
00
00
86
66

37

$993,708 14

113

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 93.

STOCKTON.

SECURITY BUILDING-LOAN ASSOCIATION.
P. O. address, 26 N. San Joaquin Street, Stockton.
(Incorporated October 25, 1912.)
F. L. W il l ia m s , Secretary.

C h a s . F in k b o h n e r , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 991.
Assets.

Loans, on definite c o n t r a c t ,
$1,202,72^48; o n s h a r e s ,
$2,323.75; on contract sales,
$1,854.21_____________________
Cash, in office, $1,934.65; in bank,
$37,364.17____________________
Real estate, owned______________
Furniture and fixtures___________
Advances, ledger accounts_______
Bonds owned____________________
Revenue stamps_________________
Total assets________________

Liabilities.

$1,206,905 44
39,298
2,494
2,000
2,302
10,000
25

82
13
00
07
00
00

Guarantee stock, capital_________
Guarantee stock, surplus_________
Installment shares, dues_________
Paid-up and prepaid shares, capital
Investment certificates, principal,Reserve and undivided profits____
Loans due and incomplete_______
All other liabilities, suspense_____

$1,263,025 46

Total liabilities_____________

Receipts for Fiscal Year.
Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues
Investment certificates--__ . _____
Interest_________________________
Fees____________________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts .
Real estate sold_________________
Rents, etc_____ ■
________________

No. of shares, 11,873.

$100,000
11,500
43,262
336,550
696,497
14,804
60,315
94

00
00
74
00
35
84
75
78

$1,263,025 46

Disbursements for Fiscal Year.
Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shares_
_
Profits repaid, installment shares-Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Investment certificates, principal-.
Investment certificates, dividends.
Advances, ledger accounts.-..____
Real estate acquired_____________
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements__________
Balance, cash in office and bank___

$25,000 00
420,006 51
145 85
15,211 67
8,342 18
1,497 78
62,000 00

$956,124 06

Total receipts.

$47,967 25
47,877 37
369,000 00
174,221 25
92,315 65
587 00
193,018 86
25,000 00
4,584 12
1,392 77
159 79

Total disbursements_________

$956,124 06

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.

S- •21142




13,567 48
305,328 80
40,976 89
4,731 62
2,494 13
7,980 00
795 49
6,767 45
1,979 39
39,298 82

114

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 94.

STOCKTON.

STOCKTON LAND, LOAN AND BUILDING ASSOCIATION.
P. O. address, 36 South San Joaquin Street, Stockton.
(Incorporated January 3, 1887.)
C h a s . E. L it t l e h a l e , Secretary.

C. M. J a c k s o n , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 1231.
Assets.

Loans, on mortgages, $1,327,104.81;
on shares, $5,545. _
_
_
Arrearages, on in terest.__
. .
Cash, in office, $984.34; in bank,
$3,974.48_____________________
Furniture and fixtures . ________
Advances, ledger accounts . . .
Bonds owned. . . . .
. . . .
Total assets _

.

_____

Liabilities.
$1,332,649 81
782 25
4,958
1,400
3,720
24,300

82
00

67
00

$1,367,811 55

Receipts for Fiscal Year.
Balance from last report
__ __
Installment shares, dues.
Paid-up and prepaid shares, dues. _
Interest _ _
.
. .
______
Fees . . .
_ .
Loans repaid
.. _
___
Overdrafts and bills payable. .
Advances repaid, ledger accounts .
Escrows, etc.
. .
.
__

Total receipts

. ..

No. of shares, 16,142.

Installment shares, dues
_ .
Installment shares, profits__ __ .
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, dividends
._ _. _____ _
_
Reserve and undivided profits___
Loans due and incomplete
E scrow s._____ .
. . .
Total liabilities______

15,688
60,582
26,060
2,150

07
78
76
00

$1,367,811 55

Disbursements for Fiscal Year.
$15,454
159,447
53,100
88,927
273
203,936
35,000
2,461
4,914

27 Overdrafts and bills payable. _.
75 Loans on mortgages and shares___
00 Interest paid___
...
41 Dues repaid, installment shares
60 Profits repaid, installment shares. _
46 Paid-up and prepaid shares, capital
00 Paid-up and prepaid shares, divi00
dends. . . __ ______
79 Advances, ledger accounts . .
Salaries . . .
. . .
. . .
Taxes. . ____
Other expenses_____
All other disbursements. .
Balance, cash in office and bank___

$563,515 28

Total disbursements__

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 6 % per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$695,014 34
282,215 60
286,100 00

$40,000
343,597
704
81,170
27,501
37,400
13,185
1,005
5,060
1,209
5,255
2,467
4,958

00

16
05
15
88
00
2i
06
00

05
93
97
82

$563,515 28

115

BEPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 95. SUSANVILLE.

HONEY LAKE BUILDING AND LOAN ASSOCIATION.
P. O. address, Susanville.
(Incorporated November 4, 1919.)
W. J. E a r l , Secretary.

A. G. B r e it w e is e r , President.
Fiscal year ended December 31, 1921.

No. of series, none.

No. of members and investors, 48.
Assets.

Liabilities.

Loans, on definite contract_______
Arrearages, on interest _
-- -_
Cash, in office, $334.61; in bank,
$216.06_______________________
Other assets. ___________ _____
Total assets. _

- - - - -

$5,972 03 Installment shares, dues. - ____
44 59 Reserve and undivided profits____

Total liabilities

__

_____

$1,142 67 Loans on mortgages and shares___
2,667 50 Interest paid _
. _
392 32 Dues repaid, installment shares_
_
6 67 Salaries___ - - - - - ____ __
23 00 Taxes _____
320 02 Other expenses____ .
-----1 06 Balance, cash in office and bank___

$3,300
5
168
350
16
163
550

$4,553 24

$4,553 24

Total disbursem ents..__ __

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, _ _ per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits as per by-laws.




$7,219 09

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

- -

$7,174 50
44 59

550 67
651 80
$7,219 09

Balance from last report_____- _
Installment shares, dues - ____
Interest----Fines___
_
- _ ____ ______
_
Fees - _
- .
Loans repaid- _
. ___ __
All other receipts___ ________ - Total receipts_________

No. of shares, 1290.

00
22
00

00
00

35
67

116

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 96. TULARE.

TULARE BUILDING AND LOAN ASSOCIATION.
P. O. address, 211 East Kern Street, Tulare.
(Incorporated January, 1889.)
J. L. W il d e r , Secretary.

A. W . W h e e l e r , President.
Fiscal year ended December 31, 1921.

No. of series, 21.

No. of members and investors, 92.
Assets.

Loans, on mortgages, $55,855; on
shares, $2,275. . . _______ ____
Cash, in bank ____
_________
Furniture and fixtures___________

Total assets..

. . . . . . .

Liabilities.

Installment shares, dues_________
$58,130 00 Installment shares, profits.. . . .
2,492 91 Advance payments. . _ . _________
200 00 Overdrafts and bills payable. _ .
Reserve and undivided profits____
Sundry ledger accounts_______ __

$43,524
10,109
1,976
2,500
2,608
105

$60,822 91

$60,822 91

Receipts for Fiscal Year.

Balance from last report. _______
Installment shares, dues. _______
Interest .
.
Fees
Loans repaid. _ ______ ________
Overdrafts and bills p a y a b le .._
_
Advances repaid, ledger accounts _

Total receipts-

________ ____

No. of shares, 875.

Total liabilities . .

00
68

00
00
13
10

Disbursements for Fiscal Year.

Overdrafts and bills payable__ .
Loans on mortgages and shares___
Interest paid _ _
Dues repaid, installment shares_
_
6,100 00 Profits repaid, installment shares..
6,500 00 Advances, ledjger accounts_____
_
323 60 Salaries .
Taxes_____ . . . __________
Other expenses__ __
Balance, cash in office and bank___

$4,204
11,223
4,776
32

57
00
50
00

$33,159 67

Total disbursements.

_ __
_

$7,000
6,875
407
11,692
3,163
378
900
69
180
2,492

00
00
82
00
06
60
00
76
52
91

$33,159 67

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
Z.
B.
D.
F.
G.
J.
K.
M.
O.
Q.

______ _______________________
2_____________________________
2 _____________________________
2 _____________________________
2 _____________________________
2 _____________________________
2 _____________________________
2_____________________________
2 _____________________________
2 . . .......... ......... ............. ............. ..




Age in
months
120

108
96
84
72
60
48
36
24
12

Total dues
per share
$120 00
108 00

96
84
72
60
48
36
24

00
00
00
00

00
00
00

12 00

Book value
per share
$165
143
123
105
87
70
54
39
25
12

10
83
95
07
34
37
54
54
53
42

Withdrawal
value
$153
134
116
99
83
65
51
37
24

82
87
96
80
51
19
27
77
77

12 21

117

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 97.

UPLAND.

MAGNOLIA MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, 267 East Ninth Street, Upland.
(Incorporated September 24, 1901.)
M. H. B o r d w e l l , Secretary.

C h a s . R u e d y , President.

Fiscal year ended September 30, 1921.
No. of series, none.

No. of members and investors, 414.
Assets.

Loans, on mortgages_____________
Arrearages, on interest___________
Cash, in office, $134.36; in bank,
$3,563.34____
Furniture and fixtures____________
Advances, ledger accounts________
Bonds owned____________________
Other assets_____________________
Total assets_________________

No. of shares, 5720.
Liabilities.

$292,700 00 Installment shares, dues_________
1,626 50 Installment shares, profits________
Paid-up and prepaid shares, capital
3,697 70 Paid-up and prepaid shares, divi­
266 04
dends_________________________
354 68 Reserve and undivided profits____
583 60
37 75
$299,266 27

Total liabilities_____________

Receipts for Fiscal Year.

$62,523 01
19,778 82
206,000 00
5;692 16
5,272 28

$299,266 27

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, dues. _
Interest_________________________
Fines___________________________
Fees____ _______________________
Loans repaid____________________
Overdrafts and bills payable_____
Advances repaid, ledger accounts -

$10,208 42
20,678 17
100,000 00
20,166 43
315 13
209 25
49,050 00
7,100 00
68 02

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
_
Dues repaid, installment shares_
Profits repaid, installment shares. _
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends-------------------------------------Advances, ledger accounts_______
Salaries-------------------------------------Taxes___________________________
Other expenses-------- ------------------Balance, cash in office and bank___

$7,100 00
86,800 00
94 92
10,287 71
2,646 42
83,800 00

Total receipts_______________

$207,795 42

Total disbursements_________

$207,795 42

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 10 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus dividends as per by-laws.




11,388
1
900
302
776
3,697

68
00
00
42
57
70

118

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 98 - VENTURA.

VENTURA BUILDING AND LOAN ASSOCIATION.
P. O. address, Rooms 1-6 Came Building, Ventura.
(Incorporated June 24, 1921.)
Sc o t t M c R e y n o l d s , Secretary.

T. G. G a b b e r t , President.
Fiscal year ended June 30, 1922.

No. of series, none.

No. of members and investors, 174.
Assets.

Loans, on mortgages_____________
Arrearages, on interest_____ _____
Cash, in office, $115.70; in bank,
$1,750.77............. .............. .......

Total assets_______ __ _____

No. of shares, 1897.
Liabilities.

$65,583 32 Installment shares, dues_________
101 50 Installment shares, profits________
Paid-up and prepaid shares, capital
1,866 47 Paid-up and prepaid shares, dividends___ _____________________
Overdrafts and bills payable .
Reserve and undivided profits____
Accrued interest_________

$39,637 55
909 99
16,900 00

$67,551 29

$67,551 29

Receipts for Fiscal Year.

Total liabilities_____________

613
7,000
2,456
34

59
00
13
03

Disbursements for Fiscal Year.

Balance from last report_________
Installment shares, dues_________
Paid-up and prepaid shares, d ues..
Interest_________________________
Fees____________________ : ______
Overdrafts and bills payable_____
Advances repaid, ledger accounts .

$546 82
23,580 17
16,900 00
3,544 64
116 90
10,500 00
39 00

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Salaries_________________________
Taxes___________________________
Other expenses__________________
Balance, cash in office and bank___

$12,700 00
38,123 32
263 71
2,075 00
107 68
50 00
28 00
13 35
1,866 47

Total receipts_______________

155,227 53

Total disbursements_________

$55,227 53

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




119

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 99.

VISALIA.

VISALIA BUILDING AND LOAN ASSOCIATION.
P. O. address, 125 North Court Street, Visalia.
(Incorporated January 5, 1887.)
C. L. J o h n s o n , Secretary.

C. J. G id d in g s , President.
Fiscal year ended January 31, 1922.

No. of series, none.

No. of members and investors, 392.
Assets.

Loans on mortgages, $485,450; on
shares, $500...........- _____ ______
Arrearages, on interest___________
Cash, in bank___________________
Furniture and fixtures___________
Advances, ledger accounts_______

Total assets___________ _____

Liabilities.

$488,950
1,091
30,091
60
160

00
86
11
00
46

$520,353 43

Receipts for Fiscal Year.

Installment shares, dues_________
Installment shares, profits___ ____
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Overdrafts and bills payable_____
Reserve and undivided profits____
Loans due and incomplete_______
Sundry ledger accounts__________
Total liabilities_____________

$258,560 43

Overdrafts and bills payable_____
Loans on mortgages and shares___
Interest paid____________________
Dues repaid, installment shares_
_
Profits repaid, installment shares..
Paid-up and prepaid shares, capital
Paid-up and prepaid shares, divi­
dends_________________________
Advances, ledger accounts_______
Salaries_________________________
Taxes___________________________
Other expenses__________________
All other disbursements._________
Balance, cash in office and bank___
Total disbursements_________

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month
Dividend, last fiscal year, 9.30 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.




$169,846 71
89,189 73
202,200 00
5,580
21,100
15,581
16,510
344

96
00
27
34
42

$520,353 43

Disbursements for Fiscal Year.

Balance from last report_________
$10,339 83
Installment shares, dues_________
49,939 24
Paid-up and prepaid shares, dues..
65,700 00
Interest_________________________
36,507 16
Fines___________________________
23 40
Fees_______________ __ ______ . . .
_
486 75
Loans repaid__________________________ 65,700 00
Overdrafts and bills payable_____
20,000 00
Advances repaid, ledger accounts .
482 05
Escrows, etc.____________________
9,382 00

Total receipts.

No. of shares, 10,143.

$14,000 00
126,473 86
345 91
35,218 18
17,995 92
12,500 00
9,157
322
2,400
389
472
9,193
30,091

79
29
00
61
76
00
11

$258,560 43

120

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. ioo.

WHITTIER.

MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address 113 N. Greenleaf Ave., Whittier.
(Incorporated March 29, 1920.)
W. H. K im b a l l , Secretary.

M. O r b a n , J r ., President.
Fiscal year ended December 31, 1921.

No. of series, 3.

No. of members and investors, 275.
Assets.

Loans, on mortgages_____________
Arrearages, on shares____________
Cash, in office, $1,817.97; in bank,
$6,549.04_____________________
Furniture and fixtures___________

Liabilities.

$172,400 00 Guarantee stock, capital_________
451 50 Guarantee stock, surplus_________
Installment shares, dues_________
8,367 01 Installment shares, profits________
449 51 Investment certificates, principal-.
Investment certificates, dividends.
Advance payments_____________
Reserve and undivided profits____
Dividends unpaid_______________
Unearned premiums, etc_________
$181,668 02

Total assets.
Receipts for Fiscal Year.

Balance from last report_________
Guarantee stock_________________
Installment shares, dues_________
Investment certificates___________
Interest_________________________
Premiums, unearned_____________
Fines___________________________
Fees____ _______________________
Loans repaid____________________
Overdrafts and bills payable____

Total liabilities.

$75,700
400
6,096
219
91,363
2,010
794
67
2,338
2,678

00
00
00
60
60
73
00
31
28
50

$181,668 02

Disbursements for Fiscal Year.

$10,338
33,300
5,612
88,913
10,159
2,447
4
1,358
13,890
29,500

93
00
00
60
99
50
75
00
40
00

$195,525 17

Total receipts.

No. of shares, 2012.

Overdrafts and bills payable_____
Loans on mortgages and shares_
_
Interest paid____________________
Dividends on guarantee stock____
Dues repaid, installment shaies_
_
Investment certificates, principal..
Investment certificates, dividends.
Salaries_________________________
Other expenses__________________
Office fixtures___________________
Balance, cash in office and bank___

$29,500 00
136,100 00
208 95
1,881 46
• 10 00
14,'661 00
945 96
1,360 00
2,041 28
449 51
8,367 01
$195,525 17

Total disbursements.

Installment Shares, With Age, Value, and Withdrawal Value.

Serial No.
1

___________ _____ _____ _____ _

2 . . . ........................................................................................

3_____________ _____ _____________




Age in
months
18
12
6

Total dues
per share
$9 00
6 00
3 00

Book value
per share
$9 47
6 22
3 06

Withdrawal
value
$9 41
6 18
3 04

121

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No.

io i.

WHITTIER.

WHITTIER BUILDING AND LOAN ASSOCIATION.
P. O. address, 116 West Philadelphia Street, Whittier.
(Incorporated October 25, 1920.)
M. R. A l l e n , Secretary.

W a l l a c e G r e g g , President.

Fiscal year ended December 31, 1921.
No. of series, none.

No. of members and investors, 40.
Assets.

Loans, on definite contract_______
Cash, in office, $58.96; in bank,
$6,875.62_____________________
Revenue stamps_________________
Total assets________________

Liabilities.

$100,524 50 Guarantee stock, capital_________
Investment certificates, principal..
6,934 58 Reserve and undivided profits____
10 50 Loans due and incomplete________

$56,000 00
38,681 75
1,429 37
11,358 46

Total liabilities______________

$107,469 58

$107,469 58

Receipts for Fiscal Year.

Guarantee stock_________________
Investment certificates___________
Interest_______________ i ________
Fees____________________________
Loans repaid____________________

Total receipts_______________

No. of shares 560.

Disbursements for Fiscal Year.

$56,000
38,681
5,065
1,176
6,575

00
75
15
00
50

Loans on mortgages and shares___
Dividends on guarantee stock____
Investment certificates, dividends.
Taxes___________________________
Other expenses__________________
Revenue stamps_________________
Balance, cash in office and bank___

$95,741 54
2,424 92
444 37
52 00
1,890 49
10 50
6,934 58

$107,498 40

Total disbursements_________

$107,498 40

Installment Shares, With Age, Value, and Withdrawal Value.

Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.

9— 21142




122

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 102.

WILMINGTON.

WILMINGTON MUTUAL BUILDING AND LOAN ASSOCIATION.
P. O. address, Wilmington.

(Incorporated September 23, 1920.)
D on C. F ohl , Secretary.

E. O pp , President.

Fiscal year ended June 30, 1922.
No. of series, none.

No. of members and investors, 12.
Liabilities.

Assets.
Loans, on definite contract _____
Cash, in bank____. _ . . .
.

Total assets ____________

$3,596 41 Guarantee stock, capital.. . . . .
2,217 64 Installment shares, dues___ ______
Installment shares, profits
. .
Reserve and undivided profits____

$5,300
420
4
89

$5,814 05

$5,814 05

Total liabilities

_______

$15
66
242
378
2,065

Balance from last report. _______
Guarantee stock
_ _ . ____
Installment shares, dues ___
Interest. . . . .
________ .
. .
Loans repaid________

32
66
50
62
39

$2,768 49

Loans on mortgages and shares___
Dividends on guarantee stock
Profits repaid, installment shares..
_
Taxes .
. . . _ __ . _ .
Other expenses
_
_______
Balance, cash in office and bank___
Total disbursements-

. . .

Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues phis divdend.
Withdrawal value, full book value.




00
00
48
57

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Total receipts__________ ____

N o. of shares, 103.

$147
318
35
28
21
2,217

60
00
75
00
50
64

$2,768 49

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

123

FOREIGN ASSOCIATION.
SALT LAKE CITY, UTAH.

WESTERN LOAN AND BUILDING COMPANY.
Address, 45-49 East First South Street, Salt Lake City.
(Incorporated April, 1892.)
H. M. H. L u n d , Secretary.

R. W. M a d s e n , President.
Statement of condition June 30, 1922.

No. of series, 176.

No. of shareholders, 18,468.

Liabilities.

Assets.

Mortgage loans, net:
California_____________________
Idaho_________________________
Montana_____________________
Nevada_______________________
Oregon_______________________
Washington___________________
Wyoming_____________________
Utah_________________________
Total_______________________
Contract sales, net______________
Stock loans_____________________
Cash in office____________________
Sundry banks___________________
Office building__________________
Other real estate________________
Advances, foreclosure____________
Advances, insurance, etc_________
Advances, agents________________
Sundry ledger accounts__________

No. of shares, 372,724.

$1,302,116
1,859,412
458,916
16,227
697,848
271,089
384,649
713,805

11
39
24
89
78
85
78
84

Reserve fund, capital____________
General fund, capital____________
Installment shares:
$2,869 45
“ C” ___________
188,792 58
“ CC” __________
346,602 27
“ E ” _________
“ F” ___________
3 364,091 50
571,256 35
“ H ” ___________

$5,704,066 88 “ D ” stock, full paid .
“ B ” stock, p rep aid _
_
$402,744 86 Savings s t o c k . . ___ __
198,420 56 Extra payment stock
55,464 91 Due borrowers
488,788 66 Sundry ledger accounts
45,000 00 " D ” coupons unpaid..
13,674 03 Wyoming suspense____
42,911 27 Attorney fees. ______
21,831 82 Suspense account------1,804 57 General fund expense account _ _
25,050 50 Undivided profits_____

$500,000 00
250,000 00

$4,473,612 15
$59,000
288,780
662,569
270,609
105,937
5,405
534
1,318
851

00

45
19
87
00

27
00

60
18

6 00

2,284 82
378,849 53
$6,699,758 06

$6,699,758 06

California Business.

Installment shares in force, 79,408.
Dues paid in— “ CC” __________________________________________________________
Dues paid in— “ E ” ____________________________________________________________
Dues paid in— “ F” ____________________________________________________________
Dues paid in— “ H ” ___________________________________________________________

$20,953
70,397
349,949
34,479

69
60
09
25

Total___________ ________ ________ ___________________ ___________ ________

$475,779 63

Mortgage loans, face value_________________________________________________________
Less repayments______________________________________________________________

$1,481,215 00
179,098 89

Net value____ _______________________________ ______ __________ _____ ______

$1,302,116 11

Number of shareholders in California_______________________________________________
Number of loans in California______________________________________________________
Number of loans on deposit in California____________________________________________
Face value of loans on deposit______________________________________________________
Repayments on same__________________________________________________________
Net value_________________________.___________________________________________
Net value required by law_____________________________________________________
Contract sales in California, net________________________________________________

3,056
546
272
$762,575 00
146,860 00
615,715 00
50,000 00
135,815 81

O

21142

9-22

800