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Annual Report

Building and Loan Associations
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, HIRAM W. JOHNSON, Governor o f the State o f California

September 3, 1913

F

r ie n d




W

m

. R

ic h a r d s o n ,

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

SACRAMENTO, CALIFORNIA

1913

of

S t a t e P r in t in g




REPORT
OF THE

BUREAU OF BUILDING AND LOAN SUPERVISION.
O f f ic e

of t h e

B u il d i n g

San F

and

r a n c is c o ,

L o a n C o m m is s io n e r ,

September 3, 1913.

To H is Excellency , H ir a m W . J o h n s o n , Governor of California.
S i r : In compliance with the provisions of section 5 of the Building
and Loan Commission Act, I have the honor to submit the Twentieth
Annual Report of this office, upon the business and condition of the
building and loan associations of Californa for the fiscal year ended
June 30, 1913.
The schedules herein contained are the result of the tabulation of the
annual reports of 93 associations, each of which reports as of the close
of its own fiscal year, hence it is impossible to present the condition of
the whole as of any specific date, as these reports are due and filed
during each month, thus making some fully eleven months old at the
close of the fiscal year of the State.
From these schedules it will be noted that the volume of assets is
$28,316,021.97, being an increase of $3,449,500.00 over the figures for
1912— the greatest increase recorded during any one year since the
creation of this department.
The schedule of “ Changes in Assets and Liabilities” shows the dis­
tribution of this increase both as to the several classes of the assets
and liabilities— loans being credited with $3,127,625.95; money in office
and bank with $246,528.89 and real estate with $80,466.65.
The schedule of “ Distribution of Assets by Counties” shows the
number of associations in each of 28 counties, with the assets, and
increase or decrease for the county as a whole, only four counties show
a decrease, in each instance mainly due to the withdrawal of maturing
shares.
Thirty-eight assocations hold 135 pieces of real estate, showing a net
acquisition of 23 pieces during the year.

This feature seems to be the

only undesirable increase appearing among the assets.

Some of this

was unavoidable, but the property acquired is estimated to have a
realization value equal to or in excess of the cost on the books.
The reserve and undivided profits, exclusive of the feature of
guarantee capital, shows an increase of $107,601.33 for the better
protection of the shareholders and investors.




4

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

The shareholders and investors show an aggregate of 37,811 in num­
ber with an increase of 3,778, and an average investment of $610.50.
The number of borrowers is reported as 18,300, a gain of 1,844, and
the average loan to each is $1,451.20.
The outstanding shares of all classes have increased 15,060, and the
certificates of investment 20,850.
The number of loans reported for building purposes during the year
aggregates 3,057, an increase of 467 over the report for 1912, thus
raising the total of building loans reported since 1893 to 40,747, mostly
for the construction of new houses.
During the year two new associations were formed— one at Madera
and one at Stockton— four retired and two consolidated with others,
leaving the present active roll at 94, as follows:
STATUS o r ASSOCIATIONS.

A c t iv e r o ll June 80, 1912—
C o n s o l i d a t e d ___ _______
S a fe ty M u tu a l ...........
P ru d en ce _____________
R e t i r e d __________________
V is it a c io n , H o m e _____
S te rlin g _______________
P erm a n en t G u a ra n tee
T u r lo c k _______________

98

2
San P r a n c is c o .
San F r a n c is c o .
4
.San F r a n c is c o .
.San F r a n c is c o .
.O akland.
.T u rlock .

6
A c t iv e a nd r e p o r t in g -------------- — .................................................
A c t iv e b u t n o t r e p o r tin g (n ew )----------------------------------------S e c u r i t y ______________________________ S to c k to n .
M a dera M u t u a l_______________________M adera.
T o t a l a c tiv e r o ll June 30, 1913_____________________
In liq u id a t io n June 30, 1912------------------------------------------------L iq u id a t e d d u rin g y e a r ------------------------------------------------------U n ion M u tu a l ________________________ L o s A n geles.
W e s t O a k l a n d ________________________O akland .
Ita lia n -S w is s _________________________ San F r a n c is c o .
I n t e r - N o s .___ ____ ____________________ San F r a n cis co .
San F r a n c is c o a nd O a k la n d _________San F r a n c is c o .
In liq u id a tio n June 30, 1913-----------------------------------P a cific C o a s t S a v in g s -------------------------San F r a n c is c o .
P r o t e c t iv e ____________________________ L o s A n g eles
S ta te o f C a lifo r n ia ...................................San D ieg o.
C o n t in e n t a l _______ ______ ____________ San F r a n c is c o .
T o t a l r o ll June 30, 1913.




92

2

94
9

5

4

5

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

The changes in the total roll, the number of associations reporting
and gross assets, since 1905 are as follow s:
Years

1906
1907
1908
1909
1910
1911
1912
1913

__________________________ ____
_____ _________________________
_______________________________
_______________________________
_______________________________
_______________________________
_______________________________

Total
roll

Number
reporting

131
125

106
107
107
105
107
96
91
93

120
120

113
105
107
98

Increase

Assets

$19,228,938
19,522,896
19,635,657
20,228,116
21,255,176
23,340,012
24,866,571
28,316,021

88
86
94
40
49
38
97
97

$293,957
112,761
592,458
1,027,060
2,084,835
1,526,559
3,449,450

98
08
46
09
89
59
00

One association with assets of $32,073.30 retired from business and
sold all its loans to another after its report, included herein, had been
made to this office in regular course of business, thus the real number of
associations on the active roll at present, reporting for the year, are,
strictly speaking, but 92, with two new associations formed during the
year, the reports of which will not be due for some months yet, and in
due course these should appear in the next annual report.
Early in September last developments indicated serious difficulty
in connection with the operations of the then secretary of the Palo
Alto Mutual Building and Loan Association of Palo Alto, and an
extended audit was inaugurated.

On September 20th this audit had

developed a condition that warranted the Commissioner in ordering
the dodrs of the association to be closed, as to all new business, and to
make no payments other than for current expenses, except by his
permission, until the audit should be finally completed and the irregu­
larities adjusted to his satisfaction.
As a result of this audit and investigation it developed that there
was a net shortage of assets of about $122,735.00 due to a series of
defalcations by the secretary, most of which had been accomplished
within a period of about seven or eight months.
The association had about $500,000.00 of perfectly good loans on
which payments were being regularly made, together with other good
assets, and it was felt that the shareholders would realize more by a
reorganization than by a liquidation.

A committee of shareholders

was appointed which collated the facts and laid them before the body
of the shareholders at a meeting called for that purpose.

A plan of

reorganization was presented and unanimously ratified, involving a net
relinquishment of forty-five per cent of the book value of their shares.
This plan was later personally signed by the holders of about ninetyfive per cent of the book value of the shares in force, and on November
14th permission was granted the association to resume active business.
A t the annual meeting a few days later a new board of directors and




6

REPORT OX B U ILD IN G A N D LOAN ASSOCIATIONS.

new officers were selected, and thus far the progress has been satisfac­
tory to this office and to the shareholders, new business and new share­
holders being gained each month.

The defaulting secretary having

been indicted by the grand jury, plead guilty and was sentenced to
a penal term of ten years in the penitentiary at San Quentin.
IN RE T H E “ C O N T IN E N T A L .”

A t the time of the preparation of the last report of this office the
matter of the Continental was in the hands of the Federal bankruptcy
court.

Hearings were had before the referee in bankruptcy covering

an extended period, but no one was called from this office to testify
for or against the association.

The referee in bankruptcy, in rendering

his findings, sustained the contention of this office regarding the definite
contract loans, but found that the association was not insolvent within
the meaning of the United States bankruptcy law s; whereupon the
whole matter then reverted to the Superior Court for hearing and trial
in the manner contemplated by law.

A t the trial the facts found by

investigation, as set forth on pages 10 and 11 of the report of 1912,
were presented in detail in the testimony of the Commissioner, Secre­
tary Fields and Expert Hassett, and in most cases were supported by
the books and by vouchers. The testimony offered by this office was
not directly contested, except as regards the appraisal value of the real
estate and office fixtures; and except as to these no witnesses, other
than Secretary Corbin and Attorney McNab testified in favor of the
association.

The decision of the court was filed and entered on May 2d,

and is, in part, as follows.

The conclusions of law signed by Judge

Seawell are:
“ First. That the plaintiffs are not entitled to a judgment con­
firming and approving the action of said George S. Walker, Build­
ing and Loan Commissioner, in assuming and taking charge of
the affairs and business of such corporation, and the control of all
its property, and in retaining such possession, as alleged in the
complaint. ’ ’
“ Second. That the defendant is entitled to a judgment disap­
proving the action of said George S. Walker in assuming and
taking charge of the affairs and business of such corporation, and
the control of all its property, and in retaining such possession,
as alleged in the complaint.”
“ Third. That the defendant is entitled to a judgment that it
was not, at the time of the examination of said defendant, so made
by said Commissioner, or at any other time, and that it is not
conducting its business in an unsafe manner, such as to render its
further proceeding hazardous to the public, and to those having
funds in its custody.
Let judgment be entered accordingly.”
J. M. S e a w e l l ,
Judge of said Superior Court.




REPORT ON" B U ILD IN G A N D LOAN ASSOCIATIONS.

7

It was, and is yet, the claim of this office that a large deficit exists in
the assets of this corporation, notwithstanding the decision of the court.
One of the claims set up by us was that the borrowers had not been
credited

on their

$52,000.00.

of

approximately

This is a matter of mathematics not law.

repayments

with

an

amount

Referee K reft

held this to be so, although we were not a party to the bankruptcy
proceedings held before him.

W e quote from his findings as follows:

“ The difference between the book asset “ Mortgage loans to
members on D. C. contract and the amount due from borrowing
members plus the D. C. stock principal and apportioned profits
is about $50,000.00. For the foregoing reasons I am of the opinion
that the sum of $50,000.00 must be deducted from the value of
this asset, and so find.”
I f Referee K reft and the Commissioner and his auditors are right,
then there has been a gross miscarriage of justice, for a deficit of
$52,000.00 would make the concern decidedly unsafe.
Judge Deasy likewise passed upon this point after a prolonged trial
in which W m . Corbin was the defendant in a criminal action.

We

quote from his findings as follows:
“ The overstating of the assets under the heading of Definite
Contract Loans is such a material error or falsification in the
report that the court would be bound to hold the defendant to
answer in this ease. The fact that, in making the report as he
made it, he acted under the advice of counsel (Gavin McNab)
does not help him, as he is presumed to know the law, and as an
accountant and building and loan secretary of many years’ stand­
ing he must have been aware of the incorrectness of the accounts
which he submitted in his report relative to the definite contract
loans. Upon very mature consideration I am satisfied that a public
offense has been committed, to wit, a violation of section 558 of
the Penal Code, and that there is reasonable and probable cause
to believe the defendant, W m . Corbin, to be guilty thereof, and it
is therefore ordered that he be held to answer said charge before
the Superior Court of the State of California in and for the city
and county of San Francisco, and that in the meantime he be
committed to the custody of the sheriff until he give bail, or be
legally discharged.”
The matter of the civil action is now on appeal to the Supreme
Court on the ground that the decision of the Superor Court is not
warranted by the facts as presented.
In this instance the court has undertaken to decide a matter of fact
rather than a matter of law.
The law (section 1) charges the Commissioner with the enforcement
of certain laws.

Section 9 provides that “ if it shall appear to the

Commissioner that any such association is in an unsafe condition or is
conducting its business in an unsafe manner,” etc., the Commissioner




8

REPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

shall do certain things.

In such cases the Commissioner must act on

his own judgment in the enforcement of the law.

The matter comes

before the court and the testimony conclusively shows that the condi­
tions claimed did actually exist, but the court sets up its judgment in
lieu of that of an administrative officer and says the law must not be
enforced.
The Supreme Court of the United States has said, in a recent decision,
that it is not to set up its judgment for that of an administrative officer
in purely administrative matters.

I f the Supreme Court of the United

States can not or will not set up its judgment in the matter of the
administration of United States laws, why should a state court do
otherwise regarding the administraton of state laws?
In the matter of the Los Angeles Savings, Mortgage and Trust Com­
pany, referred to in detail in the report of 1911, no final action has
been taken by the Superior Court of Los Angeles, but the officials of
the company appear to be gradually liquidating along their own lines.
In the matter of the receiverships of the “ Protective” and “ Union
M utual” of Los Angeles, and the “ State of California M utual” of
San Diego, the receiver of the “ Union M utual” has rendered a final
report and paid a final dividend, but as to the others the real estate
held has been difficult of sale at acceptable figures, hence final liquida­
tion has been further delayed.
During the past year two foreign co-operative home building com­
panies have attempted to do business in this State without complying
with the requirements of law. The plans and methods of these are
such that they come within the purview of the building and loan laws,
but because of their expense fund and forfeiture features they are
ineligible to license in this State.

The party attempting to represent

the Standard Home of Alabama ceased operations upon notification,
but the National Mercantile Company, Limited, of Vancouver, B. C.,
is conducting more or less business through the United States mail.
Theoretically

and mathematically

corporations

of

this nature

are

feasible, but as they possess no investment features that appeal to
others than prospective borrowers, who are presumed to furnish the
capital from which their loans are to be made, they are not practical
as financial institutions in these times.

That they are profitable to

the management and agents there is little doubt.

The earlier investors

may obtain their loans within a reasonable time and be satisfied, but
much the larger percentage will sooner or later become impatient
because of the great delay, cease to make their periodical payments
and eventually forfeit a part or all their investment.

As between the

earlier investor and the later the odds are largely in favor of the
earlier, with both at the mercy of the average management, on the




REPORT ON" B U ILD IN G AN D LOAN ASSOCIATIONS.

basis of heads I win and tails you lose.

9

A t least that is the experience

in this State, where some 38 similar organizations have been formed
since early in 1902, all of which have retired from business and not one
of which has been able to liquidate except at great loss to the large
majority of the investors in their contracts.
adaptation of the “ Bowkett”

They are a modern

and “ Starr-Bowkett ” societies which

flourished in England prior to 1894 when their formation was pro­
hibited by statute.

(A ct of Parliament, 1894, 57 and 58 Viet., chap. 47,

see. 12'.)
A t the late session of the Legislature amendments to sections 633,
634, 637 and 638 of the Civil Code were passed, approved and became
effective as of August 11th.

The amendment to section 637 prohibits

the carrying of any accounts to be withdrawn upon the presentation
of any negotiable check or d r a ft; that to section 634 quite materially
changes some of the features, introduces a new form of stock or shares,
and makes it obligatory that all associations shall offer installment
stock or shares for sale or subscription, at all times, thereby tending
to more nearly preserve the idea of mutuality.

The changes in sections

637 and 638 do not of necessity affect the present system as regards
loans and loaning methods, but tend to more clearly define these
features, especially as regards “ Definite Contract Loans,”

and the

percentage of security that is to govern the boards of directors in
making loans.




10

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.
ASSETS AN D

L IA B IL IT IE S .

ASSETS.

L o a n s o n m o r tg a g e and s t o c k ----------------------------------------------------------------$26,758,920
A rre a ra g e s ______________________________________________________________
144,715
C ash in office and b a n k _________________________________________________
798,280
R ea l e s ta te ow n ed _______________________________________________________
471,695
F u rn itu re and fix tu re s __________________________________________________
37,691
A d v a n ce s —p e r so n a l a cco u n ts _________________________________________
80,450
A ll o th e r a s s e ts _________________________________________________________
24,268

21
75
78
12
55
40
16

$28,316,021 97
LIABALITIES.

G u a ra n tee s t o c k —c a p i t a l ______________________________________________
G u a ra n tee s t o c k —su rp lu s _____________________________________________
In sta llm e n t s t o c k —dues
__________________________________________
In s ta llm e n t s t o c k —p r o fits ____________________________________________
P a id -u p s t o c k —c a p i t a l _________________________________________________
P a id -u p s t o c k —d iv id en d s ______________________________________________
In v e s tm e n t ce r tific a te s —p r i n c i p a l ____________________________________
In v e s tm e n t c e rtifica te s —d iv id e n d s ___________________________________
A d v a n ce p a ym en ts _________________________________
O v e rd ra fts a nd b ills p a y a b le __________________________________________
R e se rve and u n d iv id ed p r o fit s _________________________________________
L o a n s due and in co m p le te ______________________________________________
S u n d ry le d g e r a c c o u n t s ________________________________________________
A ll o th e r lia b ilit ie s _____________________________________________________

$549,685
105,642
9,337,918
2,792,898
3,892,714
239,728
7,885,590
170,248
46,608
1,139,446
1,031,197
989,095
66,143
69,104

47
06
19
41
55
67
32
09
61
59
51
51
91
08

$28,316,021 97
R E C E IPTS AN D

DISB U R SEM E N T.

RECEIPTS.

B a la n ce la s t r e p o r t _____________________________________________________
G u a ra n tee s t o c k ________________________________________________________
I n s ta llm e n t sh a res—dues ______________________________________________
P a id -u p s t o c k —dues ____________________________________________________
I n v e s tm e n t c e rtifica te s ________________________________________________
I n t e r e s t __________________________________________________________________
P rem iu m s ________________________________________________________________
F in es _____________________________________________________________________
F ees _____________________________________________________________________
L o a n s r e p a i d ____________________________________________________________
O v e rd ra fts and b ills p a y a b le ---------------------------------------------------------------A d v a n ce s r e p a i d ------------------------------------------------------------------------------------A ll o th e r re c e ip ts _______________________________________________________

$550,315
83,172
3,325,675
1,386,681
4,385,710
2,101,950
135,153
17,318
11,310
7,769,901
1,408,997
267,165
266,719

46
00
83
43
84
32
71
83
74
85
69
52
91

$21,710,074 13
DISBURSEMENTS.

O v e rd ra fts a nd b ills p a y a b le __________________________________________ $1,382,218 30
L o a n s on m o r tg a g e s and s t o c k ________________________________________ 10,648,616 63
I n te r e s t p a i d ____________________________________________________________
137,150 04
D iv id e n d s on g u a ra n te e s t o c k _________________________________________
57,104 20
D ues re p a id — in sta llm en t s t o c k ________________________________________
2,954,109 64
P r o fit s r e p a id —in sta llm e n t s t o c k -------------------------------------------------------855,416 24
P a id -u p s t o c k —c a p i t a l _________________________________________________
1,101,171 09
P a id -u p s t o c k —d iv id en d s ______________________________________________
226,532 86
2,142,350 70
In v e s tm e n t ce r tific a te s —p r i n c i p a l ____________________________________
In v e s tm e n t ce r tific a te s —d iv id e n d s ___________________________________
305,081 70
A d v a n ce s —p e rso n a l a cco u n ts _________________________________________
261,649 59
S a la rie s __________________________________________________________________
186,936 04
T a x e s ________________________________________________________ - ___________
113,323 04
O th er e x p e n s e s __________________________________________________________
201,994 69
A ll o th e r d is b u rs e m e n ts ________________________________________________
338,138 59
B a la n ce in office and b a n k ______________________________________________
798,280 78




$21,710,074 13

11

REPORT ON B U ILD IN G AND LOAN ASSOCIATIONS.
CHANGES IN ASSETS AND L IA B IL IT IE S .
ASSETS.
Increase

L o a n s o n m o r tg a g e s a nd s t o c k __ _

__ _____ - _____

A rrearages
D aph in nffiee an d b a n t

R ea l e s ta te
_ _ _ _ _ _ _ _ __
____________________
F u rn itu re an d fixtu res ______ _ __ _____ __ _________
A d v a n ce s —p e r so n a l a c c o u n t s _ _____ ____ _ ______

$3,127,625
3,699
246,528
80,466

Decrease

95
50
89
65
$2,686 51
18,520 80

12,336 32

AD o t h e r a s s e t s

$3,449,450 (X
)1
LIABALITIES.

G u a ra n tee s t o c k —c a p i t a l ____ ________ _ _
G u a ra n tee s t o c k —s u r p l u s _____
_ _ ------- ________ |
________
In sta llm e n t s t o c k —d u e s ______ ____
In sta llm e n t s t o c k —p r o fits __ _ _ _ _ _ _ _ _
P a id -u p s t o c k —c a p it a l ______________ __
_ _
P aid -u p s t o c k —d iv id e n d s _ _ _______
_ _________
In v e stm e n t c e r tific a te s —p r i n c i p a l _______ __ ________ '
---------- ________ :
In v e s tm e n t ce r tific a te s —d iv id en d s
A d v a n ce p a ym en ts __ __ ______ __ ____ _
O v e rd ra fts and b ills p a y a b le ___
__________ ________ i
R eserve a nd u n d iv id e d p r o fits — _
____ ________
L o a n s due a nd in c o m p l e t e -------------- ---------________ !
Su nd ry le d g e r a c c o u n t s _______________ _______ ________ '
A ll o th e r l i a b i l i t i e s ---------------------------------------- ________ ;
Net in c r e a s e _________________________________________

$76,942 08
43,981 37
30,363 76
132,983 78
8,638 33
2,497,149 65
62,458 81
65,536 32
107,601 33
420,853 86
6,283 42
3,661 92
$3,449,450 00 |

D IS T R IB U T IO N OF ASSETS BY COUNTIES.

B u tte
__
F re sn o
_
__
__
H u m b o ld t _ _ _ _ _ _
Kern _ _ _ __ _ _
L o s A n geles
__ _
M adera _ _ _ _ _ _ _
M arin _ _ _ _ _ __ __

Associa­
tions

Number
reporting

7
1
1
1
2
13
1
3
1
1
4
1

7
1
1
1
2
13

$1,028,341
3,830
158,695
32,887
382,972
12,129,241

44
70
80
78
28
95

1
4
3
23
2

3
1
1
4
1
2
1
4
3
23
2

2
2

Counties

2
2
2

69
32
83
92
91
42
23
22
97
67
33
56
30
73
07
02
54
29
09
79
12

Assets

Increase

7

7

S ola n o

1
2
2

1
2
2

T nlarfl

3

3

Y o lo

1
1

1
1

308,574
136,204
198,500
910,063
44,947
177,199
287,729
1,997,445
592,881
3,893,207
173,613
1.488,128
471,860
706,506
2,070,508
38,973
81,997
166,978
431,596
373,327
29,807

95

93

$28,316,021 97

Mereerl
N apa

O range _______ ______
P la c e r
__ ____ ____
R iv e r sid e
__
__
S a c r a m e n t o ___ _____
San B e rn a rd in o
__
San D ie g o
S pn Frn npjfson

San L u is O b isp o
San J o a q u in _ _ _




9'

$45,693
3,830
9,085
3,695
41,866
2,405,562

Decrease

94
70
66
86
36
62
$25,525 42

13,560 38
11,662 21
171,013
1,431
16,575
33,955
365,307

07
38
92
34
40
30,624 18
162,124 38

24,873
137,329
37,253
84,901
134,798
4,324
4,670
793
53,448
55,608
29,807

05
74
97
10
41
11
68
36
32
70
12

$3,679,387 19

$229,937 19

12

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.
S T A T IS T IC A L IN F O R M A T IO N .

N um ber o f m em bers:
M a l e ____________________________________________________________________
F e m a l e ------------------------------------------------------------- ------- -----------------------------T o t a l --------------------------------------------------------------------------------------------------N um ber o f in v e s to rs :
M a l e ___________________________________________________
F em a le -------------------------------------------------------------

17,795
10,186
27,891
6,635
3,195

T o t a l _________________________________________________________________
9,830
N um ber o f b o r r o w e r s _________________________________________________
18,370
N um ber o f m o r tg a g e lo a n s f o r y e a r ___________________________________
5,737
N um ber o f s t o c k lo a n s f o r y e a r _______________________________________
985
N u m ber o f b u ild in g lo a n s f o r y e a r ____________________________________
3,057
T o t a l n um ber o f b u ild in g lo a n s t o d a t e _____________________ ________
40,747
S h ares in fo r c e la s t r e p o r t ____________________________________ J_______
339,560
Sh ares issu ed since la s t r e p o r t ________________________________________
89,090
S h ares ca n ce le d since la s t r e p o r t __________________________________ ____
74,030
Shares in fo r c e th is r e p o r t _____________________________________________
354,620
In v e s tm e n t c e rtifica te s in fo r c e la s t r e p o r t ______________________________
51,857
In v e s tm e n t ce rtifica te s issu ed sin ce la s t r e p o r t ____ ____ ___________
35,824
14,970
I n v e s tm e n t ce rtifica te s ca n celed sin ce la s t r e p o r t ___________________
I n v e s tm e n t ce rtifica te s in fo r c e th is r e p o r t __________________________
72,711
38
N um ber o f a s s o c ia tio n s o w n in g re a l e s ta t e __________________________
N u m ber o f a s s o c ia tio n s n o t o w n in g re a l e s t a t e _____________________
55
N um ber o f p ieces o f rea l e s ta t e ow n ed ________________________________
135
B o o k v a lu e o f re a l e s ta te ow n ed _______________________________________
$471,695 12
R e se rv e a nd u n d iv id e d p r o fit s _________________________________________ $1,031,197 51
N et p r o fits r e p o rte d f o r y e a r __________________________________________ $1,741,549 41
N EW LOAN S AND LO A N S R E PA ID .

N um ber o f new lo a n s .___________________________________________________
6,722
A m o u n t o f new lo a n s ____________________________________________________ $10,648,616 63
P e r c e n ta g e t o a ll lo a n s in f o r c e _______________________________________
34.75
Sam e p e r ce n ta g e in 1912_________________________________________________
33.96
L o a n s r e p a i d ____________________________________________________________ $7,769,901 85
P e r ce n ta g e t o a ll lo a n s in f o r c e _______________________________________
25.36
Sam e p e r ce n ta g e in 1912________________________________________________
23.49
NET P R O FIT S.

N et p r o fit s f o r year, p e r r e p o r t s _______________________________________ $1,741,549 41
P e r ce n ta g e t o a v e ra g e lo a n s in f o r c e _________________________________
6.88
Sam e p e rce n ta g e , r e p o r t o f 1912________________________________________
7.02
P e r ce n ta g e t o a v era g e in v e s tm e n t_________________________________________
7.81
Sam e p erce n ta g e , r e p o r t o f 1912-_____________________________________
7.73
SA LARIES, T A X E S , AND

OTHER

EXPENSES.
Amount

P a id f o r s a la rie s

_

__

- - __

__________________

P a id fo r

P a id f o r o th e r exp enses , .




.

Percentage to
loans In force

$186,936 04
113,323 04
201,994 69

0.738
0.447
0.797

$502,253 77

1.982

13

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

The percentage shown in report for 1912 was 2.206.
The actual expenses of operation being confined to the elements of
salaries and other expenses, the percentage of these to the average
loans in force becomes:
J

Per cent

0.738
0.797

F o r s a la rie s _______ ______________________________________________ , __
F o r o th e r expenses _ _ _ ___ __ ______ _ ___ _____ _ __ _ _
_
_
_

1.535
1.506

T h is t o t a l f o r 1912 w a s _____ _______ ___________________________________

I f the elements of salaries and other expenses he calculated on the
average investment, to show the expense of operation to the investors’
capital and accumulations, the result is as follow s:
Per cent

F o r s a la r ie s

......

0.838
0.907

........

F o r o th e r exp en ses__ _ ___ __________ _ - ______ ______ ____ _ __
_
_
_
Or a to ta l of

1.745

The co r r e s p o n d in g t o t a l f o r 1912 w a s -----------------------------------------------

1.662

GROSS IN COM E AND P E RCEN TAGE OF E XPE N SE S TO INCOM E.

The next feature for consideration is the determination of the per­
centage of the gross income required for expenses of operation, exclusive
of taxes.
The gross income to average loans in force is made up as follow s:
Per cent

N et p r o fits r e p o r te d as a b ov e.
T a x e s p a i d ____________________
O p e ra tin g e x p e n s e s ___________
G ro ss in com e t o loan s.

6.880
0.447
1.535
8.862

R a t io o f o p e r a t in g expenses.

17.321

In 1912 th e g r o s s in com e w a s________ ____ _
A n d th e r a t i o o f o p e r a t in g exp en ses was.

9.226
16.323

It will thus he noted that the gross income to average loans appears
to he 0.364 per cent less than was shown hy the report for 191.2, and
that the expense of operation has increased 0.998 per cent of the
apparent gross income.




14

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

The segregation maintained for several years, into two classes, as
“ Locals” and “ State Associations” has been dispensed with in this
report for two reasons, viz., first, all are operating under the same
general laws and neither class has specific distinctive features that
apply solely to such classification; second, some of both the former
classifications have, during the past few years, introduced the element
of guarantee capital stock, hence if any detailed segregation is made
it should be' into the more distinctive classes of “ M utual”

and

“ Guarantee Associations,” but even these designations are not entirely
distinctive, as several of the guarantee associations are more or less
mutual, both as regards their stock issues and their manner of loaning;
as some of both classes loan on the mutual plan, some on the “ D. C .” or
definite contract plan with stock also pledged, and others on the
“ D. C .” plan without a pledge of stock.
In order that those heretofore classified as “ Locals” and “ State
Associations” may note the relative position of the two classes in this
report, the gross figures in each class are, for comparison of the last
two years, presented as follow s:
L o c a ls :
A s s e ts in 1912____
A s s e ts in 1913____
G ain in 1913______
S ta te a s s o c ia tio n s :
A sse ts in 1912____
A s s e ts in 1913____
G ain in 1913___

$15,733,619 66
17,358,070 29
1,624,450 63
9,132,952 31
10,957,951 68
1,824,999 37

On the other hand if the segregation is to be as “ Mutuals” and
“ Guarantee,” and these are subdivided as to the plan of loaning, the
two classes will appear as follow s:
M U TU ALS.
Associa­
tions

Plan of loaning

58
13
5

M u t u a l _ ________ ___ ________ _______ ___ - ____ _________ ____
“ D . G .” -w ith stneTr
.....................
“ D. C .” w i t h o u t s t o c k ____ ____ _____________ ____________________

$10,196,195 85
6,581,074 24
4,193,591 72
$20,970,861 81

76

GUARANTEE
Associa­
tions

4
2
11

Assets

A S S O C IA T IO N S .

Plan of loaning

“ D . G .” w i t h ste> ek . .
“ D, G ” w i t h o u t s t o r k

17




Assets

$727,395 94
887,238 20
5,730,526 02
$7,345,160 16

15

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

Again, if the 76 associations above classified as “ Mutuals” are sub­
divided according to their methods of securing funds, that is by the
issue of installment and full paid shares and investment certificates, the
several subdivisions and their assets then are:
Associa­
tions

32
24
11
9

Plan of issue

In sta llm e n t
In sta llm e n t
In s ta llm e n t
tifica te s
In sta llm e n t

Assets

sh a res o n l y _________________________________
an d fu ll p a id sh a res ________________
____
an d fu ll p a id sh a res an d in v e stm e n t cer. . . .
_ ____ _ ___________ ___ . . .
___ __
______
shares and in v estm en t c e rtifica te s

76

$2,996,007 79
6,137,691 81
9,267,762 79
2,569,399 42

$20,970,861 81
T he a ssets o f th ese in 1912 w e r e ___________________________
S h ow in g a g a in o f ___________________________________________

A SSO C IAT IO N S

H A V IN G

A

P A ID -IN

GUA R A N TE E

18,752,650 64
2,218,211 17

C A PIT A L .

A t the time for the report for 1912 thirteen associations were reported
as having a paid-in guarantee capital; of these seven were formed
under the provisions of law provided therefor and six previously
formed under the mutual law had introduced this form of capital.
During the past year four others have been added to this class, two
having been originally formed on that plan, and two were originally
mutuals that introduced this form of capital.

The assets, capital and

surplus, dividends apportioned thereto, and the dividend rate appor­
tioned by them to installment shares, are as follows, excluding cents:
Capital
and
surplus

Associations

Location

Assets

C e n tra l _______________
E q u ita b le . . . ._________
C o r o n a M u t u a l ______
A lt o s _________________
B a n k ers ______________
S ta te M u tu a l ________
S ou th ern C a lif o r n i a ..
O ran ge _______________
C a lifo r n ia S e c u r it y ...
M u tu al _______________
H om e B u ild e rs ______
H om e I n v e s t m e n t ___
C a lifo r n ia H o m e ____
H om e M u t u a l ________
S a n ta C ru z __________
V a lle jo _______________
N o rth e rn C a lif o r n i a ..

A la m ed a
. . .
B erk eley
.. .
C oron a . . . . .
L o s A lt o s
_ .
L o s A n geles
L o s A n geles . . .
L o s A n geles . . .
O range . . ----P a sa d en a _____
P a sa d en a . _ .
P o m o n a ._
R ed lan d s
. _
San F r a n c is c o ..
San F r a n c is c o ..
S a n ta C ruz ___
V a lle jo _______
W o o d la n d . .

$146,837
42,723
25,942
17,992
56,478
3,509,185
740,401
338,064
393,899
320,666
353,881
470,916
598,641
258,811
38,973
1,943
29,808

$17,886
14,413
5,142
13,641
12,595
166,858
52,342
26,000
32,500
16,125
101,473
109,157
25.000
25.000
22,661
1,818
10,214

$7,345,160
6,113,921

$652,825

A g g r e g a te o f 17 a s s o c ia tio n s .
T h e a s se ts in 1912 were.
G a in f o r t h e y e a r .




$1,231,239

Dividend
apportioned

Dividend
rate
installment
shares

$ 1,112

6 %

834
475
741

7 %
6 %
6 %

41,485
6,500

8 %

1,000

2,500
1,125
9,382
8,884
5,402
5,000
1,537

7 %

8|%
6 %
8
10
8
8
5
7
5

%
%
%
%
%
%
%

6 %

16

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

I f these 17 guarantee capital associations are segregated into sub­
divisions as to their working capital, other than their guarantee capital
it is found that
14 issue installment shares.
10 issue installment and full paid shares.
8 issue installment and full paid shares and investment cer­
tificates.
6 issue installment shares and investment certificates.
3 issue

investment

certificates

only,

and

the

capital thus

obtained from all sources is loaned as indicated above.
The annual reports of the several associations, in condensed form,
together with the book and withdrawal values, at annual periods, of
the shares of serial associations; also the dues per share per month, the
dividend rate for the past year, and the book and withdrawal values of
shares of associations operating on the “ Dayton5’ or permanent plan,
will be found in the appendix to this report, as published, arranged
alphabetically as to cities and towns.
A ll of which is respectfully submitted.
GEO. S. W A L K E R , Commissioner.
J. L. F IE L D S , Secretary.




REPOET ON' B U ILD IN G A N D LOAN ASSOCIATIONS.

17

STATEMENT OF RECEIPTS ON ACCOUNT OF LICENSES
AND ASSESSMENTS FOR EXPENSES.
Fiscal Year ending June 30, 1913.
Associations

C o lu m b ia n M u tu al B u ild in g a nd L o a n A ssn ______
C e n tra l L o a n A s s o c ia t io n ___________________________
S a v in g s L o a n and B u ild in g A s s o c ia t io n ___________
P e o p le ’s M u tu al B u ild in g a nd L o a n A s s o c i a t i o n ...
B e n icia B u ild in g and L o a n A s s o c ia t io n ____________
E q u ita b le B u ild in g a n d L o a n A s s o c ia t io n ________
C o r o n a M u tu a l B u ild in g an d L o a n A s s o c ia t io n ___
S a cra m e n to V a lle y M u tu a l B ld g and L o a n A s s n ...
E s c o n d id o M u tu al B u ild in g and L o a n A s s o c ia t io n
E o r tu n a B u ild in g a nd L o a n A s s o c ia t io n __________
M u tu a l B u ild in g an d L o a n A s s o c ia t io n ___ ________
Kern C o u n ty M u tu a l B u ild in g a nd L o a n A s s n ____
A lt o s B u ild in g and L o a n A s s o c ia t io n _____________
H om e In v e stm e n t B u ild in g an d L o a n A s s n _______
M e t r o p o lit a n L o a n A s s o c ia t io n ____________________
S ou th ern C a lifo r n ia L o a n A s s o c ia t io n ____________
F id e lit y S a vin gs and L o a n A s s o c ia t io n ----------------S ta te M u tu al B u ild in g and L o a n A s s o c ia t io n _____
P r o v id e n t M u tu al B u ild in g an d L o a n A s s n _______
B a n k e rs ’ G u a ra n ty -L o a n C o m p a n y _________________
L o s G a to s B u ild in g a n d L o a n A s s o c ia t io n ________
M u tu a l B u ild in g an d L o a n A s s o c i a t i o n . . ..............
L iv e rm o re M u tu al B u ild in g and L o a n A s s n _______
M adera M u tu al B u ild in g and L o a n A s s o c i a t i o n ...
M erced M u tu al B u ild in g a nd L o a n A s s o c ia t io n ___
T a m a lp a is M u tu al B u ild in g and L o a n A s s n ______
N a pa B u ild in g and L o a n A s s o c ia t io n _____________
N ew ca stle B u ild in g an d L o a n A s s o c ia t io n ________
A la m ed a C o u n ty L o a n A s s o c ia t io n ________________
C o s m o p o lita n M u tu al B u ild in g a nd L o a n A s s n ...
P e o p le s ’ M u tu al B u ild in g a nd L o a n A s s n ________
O ran ge B u ild in g and L o a n A s s o c ia t io n ----------------P a lo A lt o M utual B u ild in g and L o a n A s s n ----------L o s A n g eles C o u n ty M u tu a l B ld g a n d L o a n A s s n .M u tu al B u ild in g and L o a n A s s o c ia t io n ----------------C a lifo r n ia S e cu rity -L o a n C o r p o r a t io n -------------------P a s o R o b le s M u tu al B u ild in g an d L o a n A ssn _____
P e ta lu m a M u tu al B u ild in g an d L o a n A s s o c ia t io n
P le a s a n to n M u tu al B u ild in g a nd L o a n A s s n _____
M u tu al B u ild in g a nd L o a n A s s o c ia t io n ----------------H om e B u ild e rs ’ L o a n A s s o c ia t io n _________________
P o r t e r v ille M u tu al B u ild in g an d L o a n A ssn ______
San M a te o C o u n ty B u ild in g an d L o a n A ssn ______
H om e In v e s tm e n t A s s o c ia t io n _____________________
R iv e rsid e C o u n ty M u tu a l B ld g an d L o a n A ssn ___
S a cra m e n to B u ild in g a nd L o a n A s s o c ia t io n _____
S a n ta Fe B u ild in g a nd L o a n A s s o c ia t io n _________
San D ie g o B u ild in g a nd L o a n A s s o c ia t io n ________
S ilv e r G a te B u ild in g a nd L o a n A s s o c ia t io n ______
A r g o n a u t M u tu a l B u ild in g a nd L o a n A s s o c ia t io n
B a y C it y B u ild in g an d L o a n A s s o c ia t io n _________
C a lifo r n ia M utual S av. F u n d L o a n and B ld g A ssn
C itiz e n s ’ B u ild in g a nd L o a n A s s o c ia t io n __________
E m pire B u ild in g and L o a n A s s o c ia t io n ___________

2—BL




Location

A la m ed a ________
A la m ed a ________
A n ah eim ________
B a k ersfield _____
B e n i c i a __________
B e rk e le y ________
C o r o n a __________
C h i c o ____________
E s c o n d i d o _______
F o r t u n a _________
F r e sn o ___________
K e r n _____________
L o s A l t o s ----------L o s A n g e le s _____
L o s A n g e le s ..........
L o s A n geles ______
L o s A n g e le s _____
L o s A n g e le s _____
L o s A n g e le s ____
L o s A n g e le s _____
L o s G a t o s _______
L o n g B ea ch _____
L iv e r m o r e _______
M a d e r a __________
M e r c e d ___________
M ill V a l l e y ............
N apa ____________
N e w c a s t le _______
O a k l a n d _________
O a k la n d _________
O n ta rio _________
O ra n g e .......... .......
P a lo A lt o ______
P a s a d e n a _____ _
P a s a d e n a _______
P a s a d e n a _______
P a s o R o b l e s ____
P e ta lu m a _______
P le a s a n to n _____
P o m o n a ________
P o m o n a ________
P o r t e r v ille _____
R e d w o o d C it y ___
R ed la n d s _______
R iv e r s id e _______
S a cra m e n to ____
San B e r n a r d in o ..
San D ie g o ______
San D ie g o ______
San F r a n c is c o —
San F r a n c i s c o __
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o —.

Amount

$35 84
42 84
27 84
58 80
23 59
13 65
10 00
10 O
O
10 00
10 15
52 36
59 29
10 00
12 07
93 14
232 48
830 20
1,014 65
637 03
21 86
10 O
O
17 85
10 00
10 O
O
42 93
15 60
73 50
15 05
158 70
71 14
145 64
115 97
194 18
45 07
82 66
67 41
10 00
17 47
11 45
170 76
99 00
25 75
108 43
108 53
47 98
100 70
232 54
117 83
88 67
20 47
20 12
17 20
182 45
21 25

18

REPORT OX B U ILD IN G A N D LOAN ASSOCIATIONS.
S T A T E M E N T OF RECEIPTS— Continued.

Location

Associations

E u rek a B u ild in g and L o a n A s s o c ia t io n ___________
F a ir m o u n t L o a n A s s o c ia t io n _______________________
F id e lit y B u ild in g and L o a n A s s o c ia t io n ___________
G lo b e M u tu a l B u ild in g and L o a n A s s o c ia t io n _____
H om e M u tu a l D e p o s it L o a n A s s o c ia t io n __________
M ech a n ics’ B u ild in g a nd L o a n A s s o c ia t io n _______
M issio n H om e and L o a n A s s o c ia t io n ______________
O ccid e n ta l L o a n A s s o c ia t io n _______________________
P a cific L o a n A s s o c ia t io n ___________________________
P r o v id e n t M u tu al L o a n A s s o c ia t io n _______________
P r o g r e s s M u tu a l L o a n A s s o c ia t io n _________________
P ru d en ce B u ild in g and L o a n A s s o c ia t io n _________
U n ion L o a n A s s o c ia t io n _____________________________
W e ste rn L o a n A s s o c ia t io n ___________________________
C a lifo r n ia H om e B u ild in g a nd L o a n A s s o c ia t io n ..
P a cific S ta te s S a v in g s an d L o a n C o m p a n y ----------F r a n k lin M u tu a l B u ild in g a nd L o a n A ssn -------------B a y View B u ild in g and L o a n A s s o c ia t io n _________
N ucleus B u ild in g a nd L o a n A s s o c ia t io n ___________
M u tu a l B u ild in g and L o a n A ssn o f S. J. & C. P —
San J o s e B u ild in g an d L o a n A s s o c ia t io n ---------------San L u is B u ild in g a nd L o a n A s s o c ia t io n ---------------San M a te o M u tu a l B u ild in g an d L o a n A s s n ----------M arin C o u n ty M u tu al B u ild in g an d L o a n A s s n —
H om e M u tu a l B u ild in g a n d L o a n A s s o c ia t io n ------O ra n ge C o u n t y M u tu al B u ild in g a nd L o a n A s s n .L o a n and B u ild in g A s s o c ia t io n -------------------------------S a n ta B a r b a r a M u tu al B u ild in g an d L o a n A ssn —
S a n ta C la ra B u ild in g an d L o a n A s s o c ia t io n -------S a n ta C ruz C o u n ty B u ild in g an d L o a n A ssn ---------S a n ta P a u la B u ild in g and L o a n A s s o c ia t io n -------S a n ta R o s a B u ild in g and L o a n A s s o c ia t io n ----------S a u s a lit o M u tu al L o a n A s s o c ia t io n ----------------------San J o a q u in V a lle y B u ild in g and L o a n A s s n -------S t o c k t o n L a n d, L o a n and B u ild in g A s s o c i a t i o n ...
S e cu rity B u ild in g and L o a n A s s o c ia t io n ---------------T u la re B u ild in g and L o a n A s s o c ia t io n -------------------M a g n o lia M u tu al B u ild in g and L o a n A s s o c ia t io n
V a lle jo B u ild in g and L o a n A s s o c ia t io n ----------------V is a lia B u ild in g and L o a n A s s o c ia t io n ------------------N o rth e rn C a lifo r n ia B u ild in g and L o a n A ssn --------

T w o new lice n se s issu ed d u rin g th e y e a r ----------A g g r e g a t e -------------------------------------------------------D e p o s ite d w ith S ta te T re a s u re r:
J a n u a r y 16, 1913, C o n t r o lle r ’s r e ce ip t N o. 1270.
F e b ru a ry 17, 1913, C o n t r o lle r ’s r e ce ip t N o. 1459

San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o ......
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c is c o ___
San F r a n c is c o . . .
San F r a n c is c o . . .
San F r a n c i s c o __
San J o s e ________
San J o s e . . . . . .
San J o s e ________
San L u is O b is p o .
San M a t e o ______
San R a fa e l _____
S a n ta A n a ______
S a n ta A n a _____
S a n ta B a rb a ra __
S a n ta B a r b a r a _
S a n ta C la ra ____
S a n ta C ru z _____
S a n ta P a u la ___
S a n ta R o s a _____
S a u s a l i t o _____ ...
S t o c k to n _______
S t o c k to n _______
S t o c k to n
______
T u la re __________
U plan d . .
._
V a lle jo _________
V is a lia ____ . . .
W o o d la n d
...

Amount
$12 92
13 26
54 63
39 09
84 53
34 56
10 60
31 41
16 23
61 84
21 96
13 88
13 52
30 67
208 95
418 95
68 95
10 00
61 00
196 04
88 30
44 28
40 34
67 05
127 15
10 00
97 64
118 90
96 75
12 12
110 78
40 60
20 76
190 67
275 43
10 00
11 03
95 82
10 00
97 03
10 00
$8,659 73
2 00
$8,661 73
5,600 00
3,061 73
$8,661 73

State

of

C a l if o r n ia .

) gg

City and County of San Francisco, f
J. L. F i e l d s , Secretary for the 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, 1913, and of the disposition of same.
J. L. F IE L D S .
Subscribed and sworn to before me this 3d day o f September, 1913.
GEO. S. W A L K E R , Commissioner.




A P P E N D IX

D etailed Statem ent o f the C on d ition
o f the

Building and Loan Associations
o f the

State o f California
As compiled from the reports to the Commissioner for the
fiscal year ending June 30, 1913.




Arranged Alphabetically by Cities and Towns

20

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 1.

ALAMEDA.

CENTRAL LOAN ASSOCIATION.
(Incorporated July 26, 1909.)
L. A. R

h o des,

Secretary.

Number of series, none.

F. N. D e l a n o y , President.
Fiscal year ended June 30, 1913.
Number of members and investors, 145.

Liabilities.
Guarantee stock, capital____ $14,761 40
Guarantee stock, surplus and
dividends
5,695 20
783 21 Installment shares, dues____ 63,865 57
1,126 97 Installment shares, profits___
5,228 96
Investment certificates, principal
_
_ _ _
41,500 00
Investment certificates, dividends
1,753 58
Overdrafts and bills payable7,000 00
Loans due and incomplete___
5,451 89
A ll other liabilities
1,580 33

Assets.

and
_ $144,926 75

Loans
on
mortgages
shares — Arrearages—
On interest
Cash in office and bank

Total a s s e t s ____ _

Number of shares, 4,249.

____

_

$146,836 93

Receipts for Fiscal Year.

Balance from last report-----Guarantee stock ----------------Installment shares, dues-----Investment ce r tific a te s _____
Interest _____________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances
repaid,
personal
a c c o u n t s __________________
All other receipts___________

Total liabilities

_

__$146,836 93

Disbursements for Fiscal Year.

$5,602
1,050
46,478
17,100
9,027
37,912
20,000

82
00
47
00
16
87
00

Overdrafts and bills payable- $19,000 00
Loans
on
mortgages
and
shares -------------------------------- 61,139 48
Interest p a i d ________________
358 62
Dividends on guarantee stock
210 39
Dues
repaid,
installment
s h a r e s _____________________
35,362 90
Profits
repaid,
installment
630 67
s h a r e s _____________________
872 17
211 48 Investment certificates, prin­
cipal ---------------------------------- 16,400 00
Investment certificates, divi­
dends -------------------------------2,253 25
Advances, personalaccounts630 67
Salaries -------------------------------104 00
Taxes _______________________
119 62
Other e x p e n s e s ______________
406 90
A ll other disbursements_____
28 50
Balance, cash in office and
b a n k s ---------------------------------1,126 97

Total r e c e ip t s ____________ $138,013 47

Total disbu rsem en ts______ $138,013 47

Installment Shares, W ith Age, Value, and Withdrawal Value.

D ayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.




21

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 2.

ALAM EDA.

COLUMBIA MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated July 18, 1893.)
R . R . R ead , Secretary.

J. H . S k in n e b , Vice-President.
Fiscal year ended July 31, 1912.

Number of series, 22. Number of members and investors, 203.

Number of shares, 2,244.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s _____________________ $94,496 15
Arrearages—
On shares
$1,874 34
On interest _
1,108 41
On p r e m iu m ___ _
992 98
On fines
62 60
4,038 33
Cash in office and bank
6,774 04
Furniture and fixtures
180 00
Advances, personal accounts465 67

Installment shares, dues_____ $67,572 60
Installment shares, profits___ 13,023 10
4,041 81
Advance p a y m e n ts __________
Overdrafts and bills payable- 17,775 03
Reserve and undivided profits
1,853 79
Loans due and incomplete___
1,687 86

Total a s s e t s _______________ $105,954 19

Total liabilities __________ $105,954 19

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Interest _____________________
Pines _______________________
F e e s --------------------------------------Loans r e p a id ________________
Overdrafts and bills payableA ll other receipts____________

Total receipts

$8,028
19,934
6,887
66
9
31,911
7,412
38

Disbursements for Fiscal Year.

96
99
24
50
00
82
17
01

$74,288 69

Overdrafts and bills payableLoans on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s _____________________
Salaries _____________________
Taxes _______________________
Other e x p e n s e s ______________
A ll other disbursements_____
Balance, cash in office and
bank ---------------------------------Total disbursements

$8,210 10
47,484 78
1,065 37
6,331 80
2,818
1,281
5
287
30

53
00
54
53
00

6,774 04
$74,288 69

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

Age in
months.

27 _ _
_ _ 1 2 0
29 _
__ _
_
—
_
_
108
31__________
_
_
_
96
3 3 ___ __
----------- -------------84
35 __ _
______
_.
__ —
„
72
37— _____
_ _
____________
60
39 _ ______
_____
________
48
4 1 ______
-------------------------36
43
_ _ _ _ _ _ .
____________
24
45
__________
____________________
12




Total dues
per share.

Booh value
per share.

$120
108
96
84
72
60
48
36
24
12

$163
143
122
104
86
69
54
39
25
12

00
00
00
00
00
00
00
00
00
00

94
46
85
11
50
87
18
42
50
37

Withdrawal
value.

$159
139
120
102
85
68
53
39
25
12

55
92
17
16
05
89
57
08
35
34

22

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 3.

A N A H E IM .

SAVINGS, LOAN AND BUILDING ASSOCIATION.
(Incorporated January 8, 1889.)
F

bed

A. B a c k s , J b ., Secretary.

N. F. S t e a d m a n , President.

Fiscal year ended April 30, 1913.
Number of series, 11.

Number of members and Investors, 154.

Number of shares, 2,063.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s ______________________ $89,640 00
Arrearages—
On s h a r e s ______ $601 00
On i n t e r e s t ____
246 00
On f in e s _________
18 15
-------------865 15
Cash in office and bank______
483 07

Installment shares, dues_____ $56,610 00
Installment shares, profits___ 18,539 86
63 80
Advance p a y m e n ts __________
Overdrafts and bills payable- 14,700 00
32 26
Reserve and undivided profits
1,042 30
Loans due and incomplete___

Total lia b ilitie s _________ $90,988 22

Total a s s e t s ____________ $90,988 22

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares,
dues___
In te r e s t______________________
Premiums __________________
F in e s ________________________
Fees _________________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances
repaid,
personal
a c c o u n t s ---------------------------A ll other receipts____________

Total receipts

Overdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
shares ____________________
Advances, personal accounts8 58 Salaries _____________________
236 59 Taxes _______________________
Other e x p e n s e s ______________
Balance, cash in office and
bank ______________________

$6,001
12,565
6,160
17
14
20
17,290
5,600

96
75
15
80
20
50
00
00

$47,915 53

$4,800 00
32,562 70
882 80
6,416 50
2,186 03
3 15
410 00
5 99
165 29
483 07

Total disbu rsem en ts____ $47,915 53

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

15
16
17
18
19
20
2 12223_
24

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

46
26
91
41
60
50
09
30
02
26

Withdrawal
value.

$86
72
61
51
42
33
26
18
12
6

04
60
43
38
64
90
05
92
20
03

REPORT ON" B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 4.

23

B A K E R S F IE L D .

KERN COUNTY MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated July 29, 1901.)

A bth u e S. C r i t e s , Secretary.
J. F. D u g a n , President.
Fiscal year ended December 31, 1912.
Number of series, none.

Numbers of members and Investors, 400.

Liabilities.

Assets.

Loans
on
mortgages
and
shares _____________________ $217,670
Arrearages—
On in t e r e s t _____ $926 73
91 02
On f i n e s _________
-------------1,017
Cash in office and bank______
3,870
Real e s ta t e __________________
1,260
60
Furniture and fixtures______
Advances, personal accounts165

Installment shares, dues_____ $121,937
00 Installment shares, profits___ 32,989
Paid-up and prepaid shares,
capital ____________________ 36,850
Overdrafts and bills payable- 21,000
75 Reserve and undivided profits
7,007
08 Loans due and incomplete___
4,261
82
50
80

Total a s s e ts ____________ $224,044 95

00
00
03
10

Total lia b ilitie s _________ $224,044 95

49 Overdrafts and bills payable- $29,000 00
61 Loans
on
mortgages
and
s h a r e s _____________________ 114,587 17
00 Interest p a i d ________________
800 88
repaid,
installment
41 Dues
00
s h a r e s _____________________
73,038 49
repaid,
installment
14 Profits
27
shares _____________________
3,131 24
00 Paid-up and prepaid shares,
capital ____________________ 15,900 00
00 Paid-up and prepaid shares,
00
dividends _________________
2,270 60
Advances, personal accounts136 60
Salaries _____________________
1,500 00
Taxes _______________________
1,573 49
Other e x p e n s e s ______________
434 55
A ll other disbursements_____
1.260 82
Balance, cash in office and
bank ______________________
3,870 08

Total r e c e ip ts ----------------$247,503 92

Total disbu rsem en ts____ $247,503 92

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 10 per cent.
Book value, dues plus dividend.
W ithdrawal value, same as book value.




57
25

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____ $2,617
Installment shares, dues___ 94,207
Paid-up and prepaid shares,
dues ______________________
12,300
In te r e s t______________________ 20,929
Premiums __________________
10
F in e s ________________________
66
Loans r e p a id ------------------------- 67,298
Overdrafts and bills payable- 50,000
Advances repaid, personal ac­
22
counts _____________________
A ll other receipts____________
53

Number of shares, 8,229.

24

REPORT OX B U IL D IX G A X D LOAN ASSOCIATIONS.

No. 5.

B A K E R S F IE L D .

PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated January 27, 1892.)

E. W . S p i e r s , Secretary.

F. W. R

o b in s o n ,

Vice-President.

Fiscal year ended January 31, 1913.
Number of series, 12.

Number of members and investors, 141.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s _____________________ $158,250
Arrearages—
33
On shares ________________
Cash in office and bank_______
616
Advances, personalaccounts28

00
00
33
00

Total a s s e t s ------------------- $158,927 33

Installment shares, dues_____ $46,830 60
Installment shares, profits___ 11,355 84
Paid-up and prepaid shares,
capital ____________________ 79,000 00
Overdrafts and bills payable9,000 00
Reserve and undivided profits
9,605 39
Loans due and incomplete___
3,135 50
Total lia b ilit ie s _________ $158,927 33

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Paid-up and prepaid shares,
dues ______________________
Interest _____________________
Fines _______________________
Fees -------------------------------------Loans r e p a id ________________
O verdrafts and bills payableAdvances repaid, personal ac­
counts _____________________

Total receipts

Number of shares, 2,998.

Disbursements for Fiscal Year.

$2,483 23 Overdrafts and bills payable- $18,000 00
16,846 50 Loans
on
mortgages
and
s h a r e s _____________________ 36,084 55
567 43
5,000 00 Interest p a i d ________________
16,340 17 Dues
repaid,
installment
84 58
s h a r e s _____________________ 16,393 50
repaid,
installment
1 00 Profits
46,500 00
s h a r e s _____________________
5,055 90
7,000 00 Paid-up and prepaid shares,
capital ____________________
8,700 00
18 00 Paid-up and prepaid shares,
dividends _________________
5,052 27
Advances, personal accounts46 00
Salaries _____________________
1,655 00
Taxes _______________________
1,717 04
Other e x p e n s e s ______________
385 46
Balance, cash in office and
bank ______________________
616 33
Total disbursem ents____ $94,273 48

$94,273 48

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

14________________________________________
16________________________________________
18________________________________________
20________________________________________
22________________________________________
24— ____________________________________




Age in
months.

96
73
48
36
24
12

Total dues
per share.

$57
43
28
21
14
7

60
20
80
60
40
20

Book value
per share.

Withdrawal
value.

$88
59
35
25
16
7

$87
55
32
23
15
7

16
72
86
50
10
62

50
00
50
00
00
20

25

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 6.

B E N IC IA .

BENICIA BUILDING AND LOAN ASSOCIATION.
(Incorporated1 January 11, 1883.)

H. K. W

h it e ,

Secretary.

J. B . J o h n s t o n , President.

Fiscal year ended January 31, 1913.
Number of series, 22.

Number of members and investors, 93.

Number of shares, 537.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s -------------------------------- $53,661 25
Arrearages—
On shares _____ $9,766 00
On in te r e s t_____ 4,538 40
-------------- 14,304 40
Cash in office and bank_______
2,726 42
6,017 37
Real estate _________________
Furniture and fixtures______
154 44
Advances, personal accounts1,040 46
2,150 00
A ll other assets_____________

Installment shares, dues-------- $49,626 00
Installment shares, profits___ 11,644 18
Advance p a y m e n ts __________
16 50
Overdrafts and bills payable- 12,000 00
Reserve and undivided profits
1,796 31
Sundry ledger accounts______
463 22
All other liabilities, unearned
4,508 13
p r e m iu m s _________________

Total a s s e t s ____________ $80,054 34

Total lia b ilitie s _________ $80,054 34

Receipts for Fiscal Year.

Balance from last report___
Installment shares, dues_____
In te re s t______________________
Fees ________________________
Loans r e p a id ------------------------A ll other receipts____________

Total receipts

Disbursements for Fiscal Year.

$641
5,296
2,413
2
2,665
1

57
00
70
30
00
40

Loans
on
mortgages
and
shares _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s _____________________
Salaries -------------------------------Taxes _______________________
Other e x p e n s e s --------------------A ll other disbursements_____
Balance, cash in office and
bank ______________________

$11,019 97

$1,425 00
334 19
3,968 00
837
600
1,075
21
32

99
00
37
00
00

2,726 42

Total disbu rsem en ts____ $11,019 97

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

26
28
30_
32__
34.
___
36________
40
42 __
_
44___

Age in
months.

_______

_

,
_

____
,
_




.
.
..
.
.
.

_
_
_
_
_
_

_ _
__

__

120
108
96
84
72
60
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
36
24
12

$147
128
110
94
79
65
38
25
12

00
00
00
00
00
00
00
00
00

66
70
08
97
80
38
30
14
38

Withdrawal
value.

$134
110
104
89
76
62
37
24
12

87
00
28
97
14
88
18
56
19

26

KEPOBT OX B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 7.

BERKELEY.

EQUITABLE BUILDING AND LOAN ASSOCIATION.
(Incorporated December 7, 1908.)

A. J. B

kadfokd,

Secretary.

E. E. K

eyes,

President.

Fiscal year ended March 31, 1913.
Humber of series, 16.

Number of members and investors, 97.

Assets.

Liabilities.

Loans
on
mortgages
and
shares
$35,846
Arrearages—
On shares
$721 75
On interest
277 06
On fines
9 98
1,008
Cash in office and bank
602
Real estate
4,867
Furniture and fixtures
361
Advances, personal accounts•35

Total assets

67

79
74
99
90
35

Guarantee stock, capital
$14,200 00
Guarantee stock, surplus____
213 00
6,092 84
Installment shares, dues____
486 69
Installment shares, profits___
Paid-up and prepaid shares,
capital
7,766 35
Paid-up and prepaid shares,
102 06
dividends
Investment certificates, principal
5,003 15
Investment certificates, dividends
120 12
8,500 00
Overdrafts and bills payable106 52
Reserve and undivided profits
132 71
Loans due and incomplete____

$42,723 44

Loans repaid
Overdrafts and bills payableAdvances
repaid,
personal
accounts
_ _
A ll other receipts

Total receipts

$42,723 44

Total liabilities

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Guarantee stock
Installment shares, dues____
Paid-up and prepaid shares,
dues
Investment certifica tes______
Interest
Fines

Number of shares, 1,229.

$597 86 Overdrafts and bills payable- $14,500 00
on
mortgages
and
600 00 Loans
8,234 24
4,460 35
shares
Interest paid
877 06
822 00
600 00 Dividends on guarantee stock
5,465 90 Dues
repaid,
installment
2,027 22
3,497 74
shares
repaid,
installment
15 60 Profits
shares
1.075 50
89 82
5,527 81 Paid-up and prepaid shares,
capital
1,600 00
11.000 00
Paid-up and prepaid shares,
464 64
dividends
53 84
2,112 94 Investment certificates, prin1,177 50
cipal
Investment certificates, divi109 85
dends
14 00
Advances, personal accounts__
560 00
Salaries
75 19
Taxes
Other expenses
1,489 03
All other disbursements, real
2,364 25
estate, etc.
Balance, cash in office and
bank
602 74
Total disbursem ents____ $35,007 54

$35,007 54

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

1________________________________________
5________________________________________
9 ________________________________________
13________________________________________




Age in
months.

Total dues
per share.

48
36
24
12

$24
18
12
6

00
00
00
00

Book value
per share.

$27
20
12
6

46
02
90
23

Withdrawal
value.

Dues plus
interest
at six
per cent.

27

REPORT ON BUILDING AND LOAN ASSOCIATIONS.

No. 8.

CORONA.

CORONA MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated October 2, 1905.)
J o h n P. K e y , Secretary.

G eo. E . S nidecoe , Vice-President.
Fiscal year ended October 1, 1912.

Number of series, none.

Number of members and investors, 115.

Assets.

Number of shares, 586.

Liabilities.

Loans
on
mortgages
and
Guarantee stock, capital_____
Guarantee stock, surplus_____
s h a r e s _____________________ $25,887 92
A ll other assets_______________
53 95 Installment shares, dues_____
Installment shares, profits___
Investment certificates, prin­
cipal ______________________
Investment certificates, divi­
dends ______________________
Overdrafts and bills payable__
Reserve and undivided profits
Total assets

$25,941 87

Receipts for Fiscal Year.

Guarantee s t o c k ____________
Installment shares, dues_____
Investment certificates _____
In te re s t______________________
F in e s ------------------------------------Loans r e p a id ________________
Overdrafts and bills payableA ll other receipts____________

Total receipts

Total liabilities

00
76
86
00

7,231 26
247 79
4,511 15
165 05
$25,941 87

Disbursements for Fiscal Year.

$500
4,102
9,075
1,884
50
4,394
7,541
134

00
38
29
41
84
17
15
11

$27,682 35

Overdrafts and bills payableLoans on mortgages and shares
Interest p a i d ________________
Dividends on guarantee stock
Dues
repaid,
installment
shares _____________________
Profits
repaid,
installment
shares _____________________
Investment certificates, prin­
cipal ______________________
Investment certificates, divi­
dends ______________________
Salaries _____________________
Taxes _______________________
Other e x p e n s e s ______________

$7,567
9,956
275
475

93
99
70
00

4,115 69
456 73
3,987 86
231
420
30
165

10
00
00
35

Total disbu rsem en ts____ $27,682 35

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.
W ithdrawal value, same as book value.




$5,000
141
7,153
1,491

28

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 9.

C H IC O .

SACRAMENTO VALLEY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated October 4, 1911.)

I. A. M a st e b s o n , Secretary.
G eo . E. V a d n e y , President.
Fiscal year ended June 30, 1913.
Number of series, none.

Number of members and investors, 24.

Assets.

Loans
on mortgages
shares
Cash in office and bank
Furniture and fixtures
A ll other assets

Liabilities.

and
___
___

Total assets

$2,364
987
107
371

50
48
36
36

$3,830 70

Receipts for Fiscal Year.

Installment shares, dues____
Paid-up and prepaid shares,
dues
Investment c e r tific a te s _____
Interest
_
. Fees
Loans repaid
A ll other receipts _

Total

receipts _

Number of shares, 234.

Installment shares, dues____
Paid-up and prepaid shares,
capital _ _
_ _____ _
Paid-up and prepaid shares,
dividends
Investment certificates, prin­
cipal
_
________
Investment certificates, dividends
_____
____
T otal liabilities

Total

disbursements------

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, — per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.




900 00
21 00
327 70
10 00
$3,830 70

Disbursements for Fiscal Year.

$3,192 00 Loans
on
mortgages
and
shares
1,600 00 Dues
repaid,
installment
327 70
shares
_ ___
2 1 5 34 Paid-up and prepaid shares,
347 00
capital
135 50 Paid-up and prepaid shares,
2 00
dividends
_ .
- _
Other expenses
All other disbursements— _
Balance, cash in office and
bank
_ _
$5,819 54

$2,572 00

$2,500 00
620 00
700 00
52 20
558 90
400 96
987 48
$5,819 54

29

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 10.

E S C O N D ID O .

ESCONDIDO MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 19, 1893.)

H. J. H a l l , Secretary-

W . H . B aldridge , President.

'

Fiscal year ended February 28, 1913.
Number of series, 13.

Number of members and Investors, 61.

Assets.

Liabilities.

Loans
on
mortgages
and
shares
_ _
$20,200
Arrearages—
On shares
$52 00
On interest
_
34 72
On p r e m iu m ____
5 20
On fines
_
4 60
96
820
Cash in office and bank
Furniture and fixtures
80
Total

assets

_ _

Installment shares, dues____ $14,256 00
2,863 41
00 Installment shares, profits___
Paid-up and prepaid shares,
capital
3,549 10
Paid-up and prepaid shares,
dividends
_
___
108 00
Advance payments _
310 00
110 66
52 Reserve and undivided profits
09
56

$21,197 17

Total

Total receipts

$1,471
5,592
1,696
255
12
10
4,200
675

$21,197 17

liabilities-

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Interest
_
_ —
Premiums ;
— _
Fines
Fees _
Loans r e p a id __
_
— _
Overdrafts and bills payable-

Number of shares, 437.

20
00
04
30
25
95
00
00

Overdrafts and bills payableLoans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares _
_ ..
Profits
repaid,
installment
shares
Salaries
Taxes
— Other expenses
Balance, cash in office and
bank
Total

$13,912 74

$675 00
2,600 00
8 20
8,594 30
999
144
47
25

15
00
00
00

820 09

disbursements------ $13,912 74

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No

23_,__________
25___
2 7 __________
29________________
31
33___




Age in
months.

72
60
48
36
24
12

Total dues
per share.

$72
60
48
36
24
12

00
00
00
00
00
00

Book value
per share.

'Withdrawal
value.

$96
76
58
41
26
12

$90
72
55
40
25
12

37
51
27
59
38
58

26
38
70
19
68
40

30

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 11.

FORTUNA.

FORTUNA BUILDING AND LOAN ASSOCIATION.
(Incorporated April 30, 1889.)

C. A. F b i e d e n b a c h , Secretary.

H . T. N a t w i c k , President.

Fiscal year ended May 31, 1913.
Number of series, 13.

Number of members and investors, 89.

Assets.

Number of shares, 662.

Liabilities.

$27,426 00
Installment shares, dues
Loans
on
mortgages
and
4,881 29
$32,200 00 Installment shares, profits___
shares
580 49
Arrearages—
Reserve and undivided profits
On shares
$305 00
On in t e r e s t _____
144 00
On fines
18 41
467 41
Cash in office and bank
220 37
Total assets

$32,887 78

Total liabilities

Receipts for Fiscal Year.

Balance from last rep ort-.
Installment shares, dues
Interest
_
Fines
Fees
Loans repaid
A ll other receipts

__

$32,887 78

Disbursements for Fiscal Year.

$868
7,908
2,306
33
17
2,900
32

38
50
06
45
20
00
70

Loans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
A d va n ces, personal a c c o u n ts -

Salaries
Taxes
Other expenses
A ll other disbursements
Balance, cash in office and
bank
Total receipts

$7,100 00
2 50
5,047 50
1.184
245
180
48
35
2

36
81
00
15
60
00

220 37

Total d isb u rsem en ts___ $14,066 29

$14,066 29

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

35 _____________________________________
36 _____________________________________
38________________________________________
4 0 ________________________________________
42________________________________________
44________________________________________
46________________________________________




Age in
months.

78
72
60
48
36
24
12

Total dues
per share.

$78
72
60
48
36
24
12

00
00
00
00
00
00
00

Book value
per share.

$98
89
71
55
40
25
12

92
62
98
56
22
89
48

Withdrawal
value.

$96 30
87 42
70 48
53 67
38 64
24 94
12 20

31

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 12.

FRESNO.

MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 17, 1892.)
W ic k W . P a k so n s , Secretary.

W . T. M a t t in g l y , President.
Fiscal year ended February 28, 1913.

Number of series, 20.

Number of members and investors, 183.

Number of shares, 2,273.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s -------------------------------- $150,901 66
Arrearages—
On shares ______
$20 80
On in t e r e s t _____ 291 15
-------------311 95
Cash in office and bank______
7,482 19

Installment shares, dues_____ $71,948 40
Installment shares, profits___ 29,317 64
Overdrafts and bills payable- 40,000 00
Reserve and undivided profits
3,463 87
Loans due and incomplete___ 13,965 89

Total a s s e t s _____________ $158,695 80

Total lia b ilitie s _________ $158,695 80

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Interest
Pines
Pees
Loans repaid
O verdrafts and bills payable.

Total receipts

|

Disbursements for Fiscal Year.

21
30
42
02
00
61
00

Overdrafts and bills payable- $40,000 00
Loans
on
mortgages
and
44,534 11
shares
Interest paid
2,634 33
Dues
repaid,
installment
shares
28,679 90
Profits
repaid,
installment
shares
18,897 72
1.080 00
Salaries
Taxes
1,882 70
Other expenses
128 61
Balance, cash in office and
bank
7,482 19

.$145,319 56

Total disbursem ents____ $145,319 56

$4,684
17,363
16,090
42
6
52,133
55,000

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.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$205
175
148
123
100
79
60
42
26
12

00
00
00
00
00
00
00
00
00
00

84
80
37
37
50
45
31
83
98
76

Withdrawal
value.

$205
175
148
123
100
79
60
42
26
12

84
80
37
39
50
45
31
83
98
76

32

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 13.

L IV E R M O R E .

LIVERMORE MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 19, 1906.)

C. F . W e n t e , Secretary.

D . J. M u r p h y , President.
Fiscal year ended September 30, 1912.

Number of series, 7.

Number of members and investors, 59.

Assets.

Loans
on
mortgages
shares
Arrearages—■
On shares
Cash in office and bankTotal assets

Liabilities.

and

Installment shares, dues
$22,134 00
$18,450 00 Installment shares, profits___
3,938 55
Reserve and undivided profits
319 08
96 00
7,845 63

_

$26,391 63

Total lia b ilitie s ___ - ____ $26,391 63
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Interest
Premiums
_
Fines
Fees
Loans repaid
A ll other receipts

Total receipts

Number of shares, 423.

$2,490
5,466
1,912
48
11
1
3,900
45

37
00
69
00
25
00
00
45

Loans on mortgages and shares
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
Salaries
Taxes
Other expenses
Balance, cash in office and
bank

$200 00
4,547 00
668
200
396
17

77
00
11
25

7,845 63

Total disbu rsem en ts____ $13,874 76

$13,874 76

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

1________________________________________
3 _____________________________________
4 ______________________________________
5 _____________________________________
6 _____________________________________
7 _____________________________________




Age in
months.

72
60
54
36
24
18

Total dues
per share.

Book value
per share.

Withdrawal
value.

$72
60
54
36
24
18

$87
70
62
39
25
18

$85
69
61
39
25
18

00
00
00
00
00
00

39
82
69
72
58
87

85
74
82
35
42
78

33

REPORT ON" B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 14.

LO N G B E A C H .

MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated August 4, 1904.)
C h a s . M alco lm , Secretary.

L l e w e l l y n B ix b y , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 127.

Assets.

Loans
on
mortgages
shares
Arrearages—
On interest
Cash in office and bank
Furniture and fixtures

Total assets

Liabilities.

and
$84,916 43
145 50
5,969 05
409 47

$91,440 45

Receipts for Fiscal Year.

Balance from last report
Installment shares, dues
Investment certificates
Interest
Fees
Loans repaid
All other receipts

Total receipts

Number of shares, 1,163.

$1,092
11,093
46,567
5,511
136
22,572
10

$29,892 43
Installment shares, dues
Installment shares, profits____
4,679 17
Investment certificates, principal
54,017 01
Investment certificates, divi2,402 22
dends
Reserve and undivided profits
449 62
Total liabilities

Disbursements for Fiscal Year.

91
63
08
38
00
73
00

$86,983 73

Overdrafts and bills payableLoans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
Investment certificates, prin­
cipal
Investment certificates, divi­
dends
Salaries
Taxes
Other expenses
All other disbursements
Balance, cash in office and
bank




$5,000 00
57,526 51
306 66
1,773 40
180 10
13,817 23
827
385
15
717
464

95
00
72
90
21

5,969 05

Total disbu rsem en ts____ $86,983 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.
W ithdraw al value, same as book value.

3— BL

$91,440 45

34

REPORT ON" B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 15.

LO S A L T O S .

ALTOS BUILDING AND LOAN ASSOCIATION.
(Incorporated August 18, 1909.)
M. O. A d a m s , Secretary.

D. W . J o h n s t o n , President.
Fiscal year ended June 30, 1913.

Number of series, none.

Number of members and investors, 30.

Assets.

Loans
on
mortgages
shares
— _ _
Cash in office and bank
A ll other assets- _

Liabilities.

and

T otal assets

Guarantee stock, capital___
$13,640 99
$17,288 89 Installment shares, dues____
80 00
575 98 Installment shares, profits___
2 80
127 08 Investment certificates, prin­
cipal _ —
_____ _______
3,200 00
Investment certificates, dividends
—
_ _________
96 00
Reserve and undivided profits
972 16

$17,991 95

Receipts for Fiscal Year.

Balance from last report____
Guarantee stock
—
_
Installment shares, dues
Interest
------ ------- __
Fines _
Loans r e p a id __
— _____
Overdrafts and bills payable-

Total receipts

Number of shares, 251.

Total lia b ilitie s __

___ $17,991 95

Disbursements for Fiscal Year.

$160
2,592
15
1,482
2
3,376
900

49
00
00
71
15
68
00

$8,529 03

Overdrafts and bills payableLoans
on
mortgages and
shares
___
Interest paid --------------- — _
Dividends on guarantee stock
Investment certificates, principal
Investment certificates, dividends _
Salaries __________ __________
Taxes
__________
— Other expenses — — _ —
Balance, cash in office and
bank
- — ---------- --T otal disbursem ents------

Installment Shares, W ith 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.
W ithdrawal value, same as book value.




$2,200 00
2,000 00
23 40
577 59
2,500 00
321
250
40
40

00
00
26
80

575 98
$8,529 03

35

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 16.

LOS A N G E L E S .

BANKERS’ GUARANTY-LOAN COMPANY.
(Incorporated August 12, 1901.)
G . H . W ad leigh , Secretary.

J o h n H . F oley , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 526.

Number of shares. 861.

Liabilities.

Assets.

Guarantee stock, capital____ $12,595 68
Loans
on mortgages
and
$36,453 80 Investment certificates, prin­
shares _ — _______
cipal _
____ __ _
____
27,072 26
Cash in office and bank _ _
6,842 59
11,612 54 Overdrafts and bills payable- 15,500 00
Real estate ___
1,309 73
Advances, personal accounts1,218 74 Sundry ledger accounts
A ll other assets
_ _
350 00
Total assets

_

____

$56,477 67

Receipts for Fiscal Year.

Balance from last report____
Investment certificates _ ___
Interest
F i n e s __
____ ________
Loans repaid
O verdrafts and bills payableAdvances
repaid,
personal
accounts _ ____
A ll other receipts, real estate,
etc. ____

Total liabilities — _

Disbursements for Fiscal Year.

$2,268
9,047
4,306
69
29,583
4,300

62
42
40
08
10
44

Loans
on
mortgages
and
shares
_
---------------- $22,156 80
2,429 43
Interest p a i d ___
—
_
Investment certificates, princ i p a l ____
____
_______ 13,249 87
Advances, personal accounts363 63
Salaries _
______ ________
1,227 50
2,501 53 Other e x p e n s e s ___________ __
1,699 85
A ll other disbursements, real

6,344 97

10,451 89
Balance,
bank

Total receipts _

$58,421 56

cash in office and
______ _ _

6,842 59

Total d isb u rsem en ts___ $58,421 56

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

Dayton plan.
Dues, 60 cents per share per month.
Book value, dues plus dividend.
Withdrawal value, same as book value.




_ $56,477 67

36

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 17.

LO S A N G E L E S .

FIDELITY SAVINGS AND LOAN ASSOCIATION.
(Incorporated December 22, 1891.)

G. H. W

ad leigh ,

Secretary.

0 . C. B o y n t o n , President.
Fiscal year ended December 31, 1912.

Number of series, none.

Number of members and Investors, 3,200.

Assets.

Number of shares, 62,513.

Liabilities.

Loans on mortages and
shares
$3,,539,676
Cash in office and bank____
148,613
Real estate
12,171
Furniture and fixtures____
500
Advances, personal accounts
7,956
A ll other assets
3,490

77
73
31
00
33
47

Installment shares, dues___ $885,090 23
Installment shares, profits362,075 24
Paid-up and prepaid shares,
c a p i t a l ---------- :----------------187,600 00
Paid-up and prepaid shares,
dividends _______________
3,542 00
Investment certificates, prin­
cipal ------------------------------ 1,507,800 00
Investment certificates, divi­
dends ____________________
29,662 03
Reserve
and
undivided
profits ___________________
273,903 08
Loans due and incom plete431,748 16
Sundry ledger accounts____
18,657 97
A ll other liabilities, tax
reserve, e t c . _____________
12,329 90
Total lia b ilit ie s ______ $3,712,408 61

Total a s s e t s __________ $3,712,408 61

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report.__
$35,841 42 Overdrafts and bills pay­
$50,000 00
able ________
Installment shares, dues__.654,891 83
Loans on' mortgages' and
Paid-up and prepaid shares,
shares ___________________ 2,425,505 25
dues _____________
19,500 00
2,SOS 81
Investment ce rtifica tes____
736,625 00 Interest p a i d --------------------repaid,
installment
I n t e r e s t _____ ______________
275,757 51 Dues
shares ___________________
406,363 15
Premiums ------------------------50,052 15
Pines and fees______________
3,346 64 Profits repaid, installment
shares ___________________
76,010 22
Loans re p a id _______________ 1,604,948 20
Paid-up and prepaid shares,
Advances repaid, personal
50,700 00
capital __________________
accounts ________________
33,930 25
Paid-up and prepaid shares,
A ll
other
receipts,
real
dividends _______________
13,961 59
estate, etc. ______________
95,703 39
Investment certificates, prin­
cipal ____________________
86,025 00
Investment certificates, divi­
dends ___________________
67,114 30
Advances, personal accounts
18,009 73
Salaries __________________
9,925 00
Taxes _____________________
10,393 76
Other expenses ___________
41,975 03
All other disbursements, real
estate, etc. ______________
103,190 82
Balance, cash in office and
bank ____________________
148,613 73
Total disbursements — $3,510,596 39

Total receipts ------------ $3,510,596 39

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

Class “ B .” Dues 70 cents per
share per month.




Age in
months.

84
72
60
48
36
24
12

Total dues
per share.

$58
50
42
33
25
16
8

80
40
00
60
20
80
40

Loan fund dues
per share.

$51
43
36
• 28
20
13
5

12
46
00
44
88
32
76

Book value
per share.

$88
68
52
38
25
15
6

17
97
42
15
85
25
11

Withdrawal
value.

$88
68
52
38
25
15
6

17
97
42
15
85
25
11.

37

EEPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 18.

LO S A N G E L E S .

HOME INVESTMENT BUILDING AND LOAN ASSOCIATION.
(Incorporated August 21, 1888.)

W . A. B o n y n g e , Secretary.

I. B . N e w t o n , President.

Fiscal year ended September 30, 1912.
Number of series, 15.

Number of members and investors, 37.

Number of shares, 419.

Liabilities.

Assets.

Installment shares, dues_____ $19,344 00
Loans
on
mortgages
and
4,359 55
shares _____________________ $34,000 00 Installment shares, profits___
655 00
Arrearages—
Advance p a y m e n t-----------------9,607 56
Overdrafts and bills payableOn s h a r e s ______
$95 00
675 13
On in t e r e s t _____
398 77
Reserve and undivided profits
-------------493 77
Furniture and fixtures______
147 47
Total a s s e t s ____________ $34,641 24

Total liabilities ------------ $34,641 24

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Interest _____________________
Fines _______________________
Loans r e p a id ________________
Overdrafts and bills payable.
Advances
repaid,
personal
a c c o u n t s __________________

Total receipts

Disbursements for Fiscal Year.

$898
6,392
5,045
97
25,200
9,067

97
00
17
37
00
56

Overdrafts and bills pa ya b le. $23,560 00
Loans
on
mortgages
and
s h a r e s _____________________
6,850 00
Interest p a i d ________________
1,147 71
Dues
repaid,
installment
s h a r e s _____________________ 10,937 00
Profits
repaid,
installment
58 57
s h a r e s _____________________
2,739 76
Advances, personal a ccou nts.
55 52
Salaries _____________________
660 00
Taxes _______________
610 58
Other e x p e n s e s ______________
199 07
Total d isbursem ents ___ $46,759 64

$46,759 64

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

26
28
32
35
36
39
41
43
45




Age in
months.

126
114
90
72
66
48
36
24
12

Total dues
per share.

Book value
per share.

$126
114
90
72
66
48
36
24
12

$182
159
116
88
79
55
40
25
12

00
00
00
00
00
00
00
00
00

34
01
76
56
84
27
08
79
48

Withdrawal
value.

$182
156
114
86
77
53
39
25
12

34
76
08
08
07
46
06
33
36

38

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 19.

LO S

ANGELES.

METROPOLITAN LOAN ASSOCIATION.
(Incorporated July 30, 1886.)
I sa a c N orton , Secretary.

C h a s . S eyler , President.

Fiscal year end'ed June 30, 1913.
Number of series, 22.

Number of members and investors, 182.

Assets.

Number of shares, 2,954.

Liabilities.

Loans
on
mortgages
and
Installment shares, dues_____ $158,232
shares _____________________ $255,000 00 Installment shares, profits___ 40,125
Arrearages—
Paid-up and prepaid shares,
On shares ________ $68 00
c a p it a l-------------------------------- 21,800
On in t e r e s t _______ 72 00
Paid-up and prepaid shares,
dividends _________________
584
---------140 00
Cash in office and bank_______
8,309 02 Advance p a y m e n ts __________
2,819
Overdrafts and bills payable__ 30,000
Reserve and undivided profits
9,130
Sundry ledger accounts______
758
Total a s s e t s ____________ $263,449 02

00
00
00
00
28
16

Total lia b ilitie s _________ $263,449 02
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Paid-up and prepaid shares,
d u e s -----------------------------------Interest ______________________
Fines ________________________
Fees ________________________
Loans r e p a id ________________
Advances
repaid,
personal
a c c o u n t s __________________
A ll other receipts____________

00
58

$1,314 54 Overdrafts and bills payable_ $10,000 00
37,034 00 Loans on mortgages and shares 17,500 00
Interest p a i d ________________
1,768 73
repaid,
installment
19,000 00 Dues
s h a r e s _____________________ 41,060 00
23.198 45
repaid,
installment
81 54 Profits
shares _____________________ 13,901 88
33 20
25,600 00 Paid-up and prepaid shares,
capital ____________________
4,000 00
2,400 00 Paid-up and prepaid shares,
dividends _________________
569 00
1,332 15
Advances, personal accounts4,296 25
S a la rie s ______________________
3,300 00
Taxes _______________________
4,428 27
Other e x p e n s e s ______________
860 73
Balance, cash in office and
bank ______________________
8,309 02

Total r e c e ip t s __________ $109,993 88

Total disbu rsem en ts____ $109,993 88

Installment Shares, W ith Age, Value, and Withdrawal Value.
Age In
months.

Serial
No.

25
27
29
31
33
35
37
39
41 _
43

-

_ _

..

________
_ _
______




_

.
.
.

__

__

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$171
148
126
106
87
70
54
39
25
12

00
00
00
00
00
00
00
00
00
00

83
18
32
13
45
17
21
40
47
36

Withdrawal
value.

$161
138
117
98
81

46
14
22
38
27

66 10

51
37
24
12

11
70
74
18

39

REPORT ON B U ILD IN G A N D LO A N ASSOCIATIONS.

No. 20.

LO S A N G E L E S .

PROVIDENT MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated October 14, 1895.)
L. J. C h b ist o p h e e , Vice-President.
Fiscal year ended October 31, 1912.

J. M. H u n t e k , Secretary.
Number of series, 40.

Number of members and investors, 1,283.

Loans on mortgages and
shares __________________ $1,805,509
Arrearages—
868
On interest ____________
31,340
Cash in office and bank____
89,105
Real e s t a t e ------------------------6,000
Furniture and fixtures_____
Advances, personal accounts
20,673
176
A ll other assets____________

11
62
32
56
00
29
30

Installment shares,
dues_$589,713
Installment shares, profits360,027
Paid-up and prepaid shares,
178,200
capital __________________
Paid-up and prepaid shares,
dividends - ___________ __
4,663
Investment certificates, prin­
cipal ____________________
503,361
Investment certificates, divi­
dends ____________________
9,170
Overdrafts and bills payable
80,000
Reserve
and
undivided
profits ___________________
63,827
Loans due and incomplete__
133,557
26,151
Sundry ledger accounts-----All other liabilities, tax re­
serve _____________________
5,000

Total a s s e t s __________ $1,953,673 20
$42,851
139,771
479,872
123,479
59,009
2,713
643,119
180,000

35
34
00
68
31
56
00
92
83
21
00

Total lia b ilit ie s -------- --$1,953,673 20

Receipts for Fiscal Year.

Balance from last report___
Installment shares, dues____
Investment ce rtifica te s ____
Interest ____________________
Premiums _________________
Fines ______________________
Loans r e p a i d ______________
Overdrafts and bills payable
Advances repaid, personal
accounts ________________
A ll other receipts___________

Number of shares, 25,623.

Liabilities.

Assets.

Disbursements for Fiscal Year.

23
03
17
14
30
00
64
00

Overdrafts and bills payable $150,000
Loans on mortgages and
shares ___________________
763,765
12,207
Interest p a i d _______________
Dues
repaid,
installment
s h a r e s ____________________
226,195
Profits repaid, installment
sh a re s_____________________

45
37
98

181,168 36

Paid-up and prepaid shares,
109,888 64
capital __________________
86,200
24,092 46 Paid-up and prepaid shares,
d iv id e n d s ________________
14,268
Investment certificates, prin­
cipal _____________________
157,920
Investment certificates, divi­
dends ____________________
3,973
Advances, personalaccounts
120,639
S a la r ie s ____________________
4,985
T a x e s ______________________
6,750
Other e x p en ses_____________
37,740
A ll other disbursements____
7,641
Balance, cash in office and
31,340
b a n k _____________________

Total r e c e ip ts _________ $1,804,796 61

00

00
86
00
92
18
00
25
28
64
32

Total disbursem ents___ $1,804,796 61

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

38
41
45
50
53
57
61
64

Age in
months.

_

.
.

Class “ B .”

Total dues
per share.

93
$65 10
84
58 80
72
50 40
59
41 30
48
33 60
36
25 20
16 80
_
24
15
10 50
Dues 70 cents per share per month.




Loan fund dues
per share.

$56
51
43
35
28
20
13
7

79
12
56
37
44
88
32
65

Book value
per share.

$94
80
63
45
35
24
14
8

89
44
44
32
94
71
85
11

Withdrawal
value.

$94
80
63
45
35
24
14
8

89
44
44
32
94
71
85
11

40

REPORT ON BUILDING- A N D LOAN ASSOCIATIONS.

No. 21.

LO S

ANGELES.

SOUTHERN CALIFORNIA LOAN ASSOCIATION.
(Incorporated March 11, 1887.)
J u l i u s H . M a r t i n , Secretary.

C . E . D o n n a t i n , President.

Fiscal year ended June 30, 1913.
Number of series, 21.

Number of members and investors, 892.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________ $731,949
Arrearages—
On in t e r e s t _______________
155
Cash in office and bank______
6,887
Furniture andfixtures________
1,409

Number of shares, 4,612.

Liabilities.

00
00
71
56

Total assets ___________ $740,401 27

Guarantee stock, capital_____ $50,000
Guarantee stock, surplus____
2,342
75,764
Installment shares, dues_____
Installment shares, profits___ 22,753
Paid-up and prepaid shares,
capital ____________________ 535,406
Investment certificates, prin­
cipal ______________________
1,084
330
Advance p a y m e n t___________
Overdrafts and bills payable- 25,000
Reserve and undivided profits 17,049
Loans due and incomplete___ 10,671

00
54
00
11
00
10
00
00
88
64

Total lia b ilitie s _________ $740,401 27

Receipts for Fiscal Year.

Disbursements for Fiscal Year.

Balance from last report____ $2,727 71 Overdrafts and bills payable- $65,000 00
Installment shaies, dues_____
17,234 00 Loans
on
mortgages
and
Paid-up and prepaid shares,
s h a r e s _____________________ 220,033 39
dues ______________________ 233,557 89 Interest p a i d ________________
2,256 65
Investment certifica tes______
1,993 01 Dividends on guarantee stock
6,500 00
repaid,
installment
Interest _____________________ 60,396 70 Dues
Loans r e p a id ________________ 158,159 00
s h a r e s _____________________ 29,781 00
O verdrafts and bills payable- 70,000 00 Profits
repaid,
installment
Advances
repaid,
personal
s h a r e s _____________________ 12,753 19
a c c o u n t s __________________
1,000 00 Paid-up and prepaid shares,
A ll other receipts____________
1 50
capital ____________________ 154,082 44
Paid-up and prepaid shares,
30,212 96
dividends _________________
Investment certificates, prin­
cipal ______________________
2,235 27
Investment certificates, divi­
dends ______________
39 55
Advances, personal accounts1,000 00
3,839 50
Salaries _____________________
Taxes -----7,721 97
Other e x p e n s e s _____________
2,726 18
Balance, cash in office and
bank ______________________
6,887 71
T otal r e c e ip ts __________ $545,069 81

Serial
No.

Total disbursem ents____ $545,069 81

Installment Shares, W ith Age, Value, and Withdrawal Value.
Book value
Total dues
Age in

29—
31—
33—
35—
37—
39—
41—

IS­
IS—
47—




months.

118
106
94
82
70
58
46
36
24
12

per share.

per share.

$118
106
94
82
70
58
46
36
24
12

$1 70
147
125
105
86
69
52
40
25
12

00
00
00
00
00
00
00
00
00
00

86
47
74
45
70
21
89
19
83
45

Withdrawal

value
$170 86
147 47
117 80
99 59
80 02
64 73
50 13
38 51
25 10
12 27

41

REPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 22.

LO S A N G E L E S .

STATE MUTUAL BUILDING AND LOAN ASSOCIATION.
C. J. W ade , Secretary.

(Incorporated June 2 0, 1889.)
W . G. C o c h k a n , President.
Fiscal year ended December 31, 1912.

Number of series, 8.

Number of members and investors, 5,900.

Assets.

Number of shares, 13,977.

Liabilities.

Loans on mortgages and
shares _____________
$3,445,048
Arrearages—
On in t e r e s t ___$5,227 91
On f i n e s ______
812 10
6,040
Cash in ofiice and bank____
44,887
Furniture and fixtures____
4,000
Advances, personal accounts
9,208

08

01
85
00
86

Guarantee stock, capital___ $100,000 00
Guarantee stock, surplus__
66,857 80
220,202 65
Installment shares, dues___
Installment shares, profits120,805 35
Paid-up and prepaid shares,
c a p i t a l ___________________
63,880 00
Paid-up and prepaid shares,
dividends ________________
44,509 85
Investment certificates, prin­
cipal ____________________ 2,782,921 85
Investment certificates, divi­
dends ____________________
65,771 40
1,373 05
Advance p a y m e n t s ________
Reserve
and
undivided
p r o f i t s ---------------------------2,126 61
Loans due and incom plete40,000 00
Sundry ledger accounts____
736 24
Total lia b ilit ie s ______ $3,509,184 80

Total a s s e t s __________ $3,509,184 80

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

$84,921 85 Loans on mortgages and
Balance from last report- _
Installment shares, dues__
shares
$1,640,484
44,555 55
Investment ce rtifica te s ___ _ 1,129,311 80 Dividends
on
guarantee
Interest
274,283 37
20,095
stock
Fines
repaid,
installment
2,720 65 Dues
Fees
962 50
106,551
shares
Loans repaid
1,032,358 45 Profits repaid, installment
Advances repaid, personal
shares
41,416
accounts
8,460 58 Paid-up and prepaid shares,
A ll other receipts
6,518 98
capital
7,900
Paid-up and prepaid shares,
10,145
dividends
Investment certificates, prin511,511
cipal
Investment certificates, divi131,260
dends
10,266
Advances, personal accounts
15,000
Salaries
4,064
Taxes
33,984
Other expenses
6,529
All other disbursements____
Balance, cash in office and
44,887
bank
Total receipts -

99
70
60
80
00
65
90
08
71
00
23
99
23
85

Total disb u rsem en ts__$2,584,099 73

$2,584,099 73

Installment Shares, With Age, Value, and Withdrawal Value.
No.

Class “ A .” Dues 60 cents per
share per month.
Investment certificates $1.00
per month per $100 certicate.




Age in
months.

Total dues
per share.

Loan fund dues
per share.

114
108
96
84
- 72
72
60
48
36
24
12

$68
64
57
50
43
72
60
48
36
24
12

$67
63
56
49
42
86
69
54
39
25
12

40
80
60
40
20
00
00
40
00
00
00

40
80
60
40
20
21
63
01
29
41
33

Book value
per share.

$97
90
76
64
52
86
69
54
39
25
12

73
55
96
48
94
21
63
01
29
41
33

Withdrawal
value.

$97
90
76
64
52
86
69
54
39
25
12

73
55
96
48
94
21
63
01
29
41
33

42

EEPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 23.

LOS G A T O S .

LOS GATOS BUILDING AND LOAN ASSOCIATION.
(Incorporated April 27, 1889.)

A. B e r r y m a n , Secretary.

E. M. S e l l e r s , President.
Fiscal year ended April 30, 1913.

Number of series, 10.

Number of members and investors, 26.

Assets.

Loans
on
mortgages
shares
Cash in office and bank

Liabilities.

and

Total assets

Installment shares, dues
$14,092 50 Installment shares, profits____
201 95 Overdrafts and bills payableReserve and undivided profits
$14,294 45

T otal liabilities

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Interest
Premiums
Fines
Fees
Loans repaid
Overdrafts and bills payable__

Total receipts

Number of shares, 146.

$7,842
2,773
3,500
179

00
44
00
01

$14,294 45

Disbursements for Fiscal Year.

$188
1,862
906
385
21
4
1,200
2,800

61
00
07
85
25
05
00
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

$7,367 83

Total disbu rsem en ts____

$3,300 00
2,900 00
210 98
398 00
10
150
142
54

05
00
45
40

201 95
$7,367 83

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

9________________________________________
10 _____________________________________
11 _____________________________________
13 _____________________________________
14 _____________________________________
15 _____________________________________
16 _____________________________________
17 _____________________________________
18 _____________________________________




Age in
months.

120
108
96
72
60
48
36
24
12

Total dues
per share.

$120
108
96
72
60
48
36
24
12

00
00
00
00
00
00
00
00
00

Look value
per share.

$187
161
137
93
75
57
41
26
12

51
45
09
98
16
81
47
30
45

Withdrawal
value.

Dues plus
3 to 6 per
cent for
average
time.

43

REPOET ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 24.

M ERCED.

MERCED MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated June 22, 1891.)

J. H. S im o n s o n , Secretary.

W . E. L a n d r u m , President.

Fiscal year ended June 30, 1913.
Number of series, 11.

Number of members and investors, 188.

Number of shares, 1,774.

Assets.

Liabilities.

Loans
on
mortgages
and
shares _____________________ $182,175, 00
Arrearages—
$60 00
On s h a r e s ______
On interest ____
15 00
On f i n e s _________
3 75
-------------78 75
Cash in office and bank_______
3,950 57

Installment shares, dues_____ $98,328 00
Installment shares, profits___ 25,201 20
Advance p a y m e n ts ---------------10 00
Overdrafts and bills payable8,000 00
Reserve and undivided profits
1,494 22
Loans due and incomplete___
675 00
A ll other liabilities, unearned
2,495 90
p r e m iu m s _________________

Total assets ___________ $136,204 32

Total lia b ilitie s _________ $136,204 32

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Interest _____________________
Fees ________________________
Loans r e p a id ________________
Overdrafts and bills payable-

Disbursements for Fiscal Year.

$4,718
22,295
10,033
40
13,000
14,000

94
00
14
30
00
00

Overdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ______________:—
Dues
repaid,
installment
shares _____________________
Profits
repaid,
installment
shares _____________________
Salaries _____________________
Taxes _______________________
Other e x p e n s e s ______________
Balance,

bank
Total receipts

cash

in

office

$6,000 00
28,650 00
421 20
16,752 00
6,320
600
1,280
112

55
00
81
25

and

______________________

3,950 57

Total d isb u rsem en ts___ $64,087 38

$64,087 38

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

15
16
17
18
19
20
21
22
23
24

Age in
months.

-

-

-




_
-

.
.
_
.

___
- _
____
- _

_ _

120
108
96
84
72
60
4S
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$166
145
124
105
87
70
54
39
25
12

00
00
00
00
00
00
00
00
00
00

96
13
70
58
58
62
73
80
72
44

Withdrawal
value.

$150
132
115
98
82
67
52
38
25
12

25
53
40
88
95
63
90
78
25
33

44

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 25.

M IL L V A L L E Y .

TAMALPAIS MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 16, 1897.)
P a u l H elmoke , Secretary.

W m . J. T h o m a s , President,

Fiscal year ended April 30, 1913.
Number of series, 23.

Number of members and investors, 137.

Assets.

Liabilities.

Loans
on
mortgages
and
shares _
$48,874
Arrearages—
On shares
$320 22
On interest
716 21
On p r in c ip a l____ 703 27
On fines
52 90
- 1,792
Cash in office and bank
1,624
Furniture and fixtures
46
A ll other assets
45
Total assets

Installment shares, dues
$22,877 85
72 Installment shares, profits___
3,972 75
Paid-up and prepaid shares,
capital
21,120 00
Reserve and undivided profits
431 28
Loans due and incomplete___
2,881 16
Sundry ledger accounts
1,078 64
60 A ll other liabilities
22 00
61
75
00

$52,383 68

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,
personal
accounts

Total receipts

Number of shares, 1,355.

$52,383 68

Disbursements for Fiscal Year.

$352 94 Overdrafts and bills payable8,516 45 Loans
on
mortgages
and
shares
4,300 00 Interest paid
3,481 70 Dues
repaid,
installment
131 49
shares
28 40 Profits
repaid,
installment
12,972 29
shares
Paid-up and prepaid shares,
767 98
capital
Paid-up and prepaid shares,
dividends
Advances, personal accountsSalaries
Taxes
Other expenses
Balance, cash in office and
bank

$700 00
15,805 05
44 35
7,765 38
1,489 25
1,100 00
1,192
34
480
110
204

70
96
00
82
13

1,624 61

Total d isb u rsem en ts___ $30,551 25

$30,551 25

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

29________________________________________
33________________________________________
37 ________________________________________
41________________________________________
45 ________________________________________
4 9 ________________________________________




Age in
months.

72
60
48
36
24
12

Total dues
per share.

$72
60
48
36
24
12

00
00
00
00
00
00

Book value
per share.

$90
72
56
38
26
12

50
92
34
22
09
50

Withdrawal
value.

$89 08
71 92
55 59
37 67
25 69
12 30

45

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 26.

NAPA.

NAPA BUILDING AND LOAN ASSOCIATION.
(Incorporated April 22, 1886.)

T. N. M o u n t , Secretary.

E. D. B eard , President.
Fiscal year ended May 18, 1913.

Number of series. 11.

Number of members and investors. 373.

Assets.

Liabilities.

Loans
on
mortgages
and
shares
$195,004
Arrearages —
On shares
$168 00
On interest ____ 174 47
On fines
94 56
--------------432
Cash in office and bank
1,347
Real estate
1,566
Furniture and fixtures
150
Total assets

_

Installment shares, dues____ $149,960
66 Installment shares, profits___ 36,311
Advance payments
..
746
Overdrafts and bills payable- 10.700
Reserve and undivided profits
714
A ll other liabilities
68
03
43
71
00

$198,500 83

Total liabilities

Receipts for Fiscal Year. '

Balance from last report____
Installment shares, dues_____
Interest
.
Premiums
Fines
..
Loans repaid
Overdrafts and bills payableA ll other receipts, real estate,
etc.

Total receipts

Number of shares, 3.016.

_

00
87
00
00
54
42

$198,500 83

Disbursements for Fiscal Year.

$1,801
37,203
13,850
28
112
42,697
16,825

78
00
27
89
50
46
00

Overdrafts and bills payable- $32,625 00
Loans
on
mortgages
and

Interest paid
_
Dues
repaid,
installment
shares _
....
Profits
repaid,
installment
shares
8.449 01 Advances, personal accountsSalaries
.
Taxes
Other expenses
_
All other disbursements, real
estate, etc.
Balance, cash in office and
bank

758 40
32,496 00
11,842
1,000
970
278
128

72
10
00
50
33

2,828 43
1,347 43

Total disbu rsem en ts____ $120,962 91

$120,962 91

. Installment Shares, W ith Age, Value, and Withdrawal Value.

No.
18
19
20
21
2 2 _.
23
24
25
26
27
28

Age in
months.

■_
■_ _

_ _




____
_____ __
_
-

_
—
-

- _
_
_ _
_ —
_
___________
__ _
_ _ _

125
113
101
89
77
65
53
41
21

17
5

Total dues
per share.

Book value
per share.

$125
113
101
89
77
65
53
41
21
17
5

$178
155
134
114
95
77
61
45
31
17
5

00
00
00
00
00
00
00
00
00
00
00

78
77
23
06
20
54
05
71
31
78
07

Withdrawal
vplue.

$157
139
122
105
89
73
58
44
30
17
5

55
59
25
50
35
80
85
50
75
46
00

46

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 27.

NEW CASTLE.

NEWCASTLE BUILDING AND LOAN ASSOCIATION.
(Incorporated May 20, 1889.)
J o h n W a lla c e , Secretary.

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

Fiscal year end'ed April 30, 1913.
Number of series, 11. . Number of members and investors, 103.

Assets.

Liabilities.

Loans
on
mortgages and
shares
$38,410
Arrearages—
On shares
_ $1,016 20
705 82
On i n t e r e s t ____
On fines _
82 90
1,804
Cash in office and bank
2,036
Real estate
1,200
Furniture and fixtures
50
Advances, personal accounts1,446
Total assets

_

Installment shares, dues$34,776 00
00 Installment shares, profits___
9,081 36
Advance payments
91 35
Reserve and undivided profits
950 70
Sundry ledger accounts
___
48 50
92
91
00
00
08
Total liabilities

$44,947 91

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Interest
Fines
Loans repaid
A ll other receipts

$3,083
6,857
2,662
133
3,761
145

$44,947 91

Disbursements for Fiscal Year.

50
00
50
88
00
00

Overdrafts and bills payableLoans
on
mortgages
and
shares
___
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
Advances, personal accountsSalaries
Taxes
Other expenses __
A ll other disbursements
Balance, cash in office and
bank

$16,642 88

Total receipts

Number of shares, 559.

$3,000 00
4,300 00
105 00
3,761 00
1,270
1,414
396
27
192
140

03
34
00
00
60
00

2,036 91

Total disbursem ents____ $16,642 88

Installment Shares, W ith Age, Value, and Withdrawal Value.
Age in
months.

Serial
No.

15
16—
_
17
_
18 _ _
19
20
21
22
23—
24-

_
- —
- _ _

_




_
___
_____
_
_____
_ _
______
_
_ _ _
._____
_________
_ _
_____
_____

120
108
96
84
72
60
48
_ 3 6
_________
24
_ _
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$169
146
124
104
86
69
54
39
25
12

00
00
00
00
00
00
00
00
00
00

68
13
42
50
40
77
16
45
52
39

Withdrawal
value.

$164
142
121
100
82
64
50
37
25
12

71
32
58
44
08
88
46
04
00
02

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 28.

47

OAKLAND.

ALAMEDA COUNTY LOAN ASSOCIATION.
(Incorporated July 20, 1875.)
C h a s . P. H oag , Secretary.

C. C. V olberg, President.

Fiscal year ended June 30, 1913.
Number of series, none.

Number of members and investors, 322.

Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________ $389,330
Arrearages—
On interest _______________
543
Cash in office and bank______
5,765
Real estate and association
premises _________________
58,278
Furniture and fixtures______
742
Advances, personal accounts107

Total assets

Number of shares, 2,416.

52
47
85
80
88
53

.$454,769 05

Receipts for Fiscal Year.

Installment shares, dues_$162,968
Installment shares, profits___ 37,521
Paid-up and prepaid shares,
capital ____________________ 24,970
Paid-up and prepaid shares,
dividends _________________
8,891
Investment certificates, prin­
cipal ______________________ 111,966
Investment certificates, divi­
dends -------------------------------2,314
Overdrafts and bills payable63,968
Reserve and undivided profits 30,995
9,685
Loans due and incomplete___
A ll other liabilities, tax re­
serve ______________________
1,487

66
04
02
62
10
82
23
10
78
68

Total lia b ilitie s ------------------$454,769 05
Disbursements for Fiscal Year.

Balance from last report____ $1,791 88 Overdrafts and bills payable- $50,767 35
on
mortgages
and
Installment shares, dues____ 50,874 95 Loans
s h a r e s _____________________ 108,545 20
Paid-up and prepaid shares,
11,749 82
dues ______________________
8,727 22 Interest p a i d ________________
repaid,
installment
29,917 22 Dues
Investment c e r t ific a te s _____
Interest _____________________ 30,627 67
s h a r e s _____________________
52,428 54
repaid,
installment
Fees ____
173 00 Profits
Loans r e p a id ------------------------- 142,259 90
shares _____________________
7,280 43
O verdrafts and hills payable- 30,898 25 Paid-up and prepaid shares,
Advances repaid, personal ac­
capital -----------------------------18,744 60
counts ____________________
260 85 Paid-up and prepaid shares,
A ll other receipts, real estate
dividends --------------------------5,947 60
sold, e t c . __________________
6,801 89 Investment certificates, prin­
cipal ---------------------:________
2,994 40
Investment certificates, divi­
dends _____________________
948 00
Advances, personal accounts365 88
Salaries _____________________
3,444 00
Taxes _______________________
2,331 46
Other e x p e n s e s ______________
3,700 38
A ll other disbursements, asso­
ciation premises, etc_______ 27,319 32
Balance, cash in office and
bank
5,765 85
Total receipts

— $302,332 83

Total disbursements

___$302,332 83

Installment Shares, W ith 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.
W ithdraw al value, same as book value.




48

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 29.

O AKLAND.

COSMOPOLITAN MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated August 4, 1879.)
W ilson S. G ould , Secretary.

W m . H offsch neider , President.
Fiscal year ended July 31, 1912.

Number of series, 23.

Number of members and investors, 318.

Number of shares, 2,888.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s ____________________ $199,S40 28
Arrearages-—
On s h a r e s ______$2,285 43
On interest ____ 3,182 20
-------------5,467 63
Cash in office and bank_____
5,968 84
200 00
Furniture and fixtures______
Advances, persona] accounts114 18

Installment shares, dues____ $93,514 02
Installment shares, profits___ 22,792 86
Investment certificates, prin­
cipal ______________________ ; 37,864 97
Advance p a y m e n ts __________
17,727 59
Overdrafts and bills payable- 29,500 00
Reserve and undivided profits
2,673 77
6,029 26
Loans due and incomplete___
Sundry ledger accounts_____
388 57
All other liabilities, tax re­
serve _________
1,099 89

Total assets ___________ $211,590 93

Total lia b ilitie s _________ $211,590 93
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Investment ce r tific a te s _____
Interest ____________________Fines ________________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances repaid, personal ac­
counts ____________________
All other receipts____________

57 Overdrafts and bills payable- $17,500 00
on
mortgages
and
35 Loans
s h a r e s _____________________ 90,804 47
69
4,171 76
53 Interest p a i d ________________
installment
20 Dues repaid,
s h a r e s _____________________
32,405 38
76
00 Profits repaid, installment
shares _____________________
5,627 44
474 60 Investment certificates, prin­
cipal ______________________
18,374 69
592 69
Advances, personal accounts233 33
Salaries _____________________ . 2,580 00
Taxes _______________________
2,417 27
Other e x p e n s e s ______________
958 21
Balance, cash in office and.
bank ______________________
5,968 84

$3,183
28,750
19,081
15,879
36
80,542
32,500

Total r e c e ip t s __________ $181,041 39

Total disbursem ents------ $181,041 39

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.

48
5052
54
56
58
60
62_
64
66

Age in
months.

_




_ -

_ .
_

_

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
twr snare.

$120
108
96
84
72
60
48
36
24
12

$161
141
122
104
86
70
54
39
25
12

00
00
00
00
00
00
00
00
00
00

58
64
44
16
68
09
43
60
62
43

Withdrawal
value.

$159
136
115
97
80
67
52
38
25
12

50
60
83
10
07
50
80
70
20
30

EEPOET OX B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 30.

49

O N T A R IO .

PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated June 24, 1891.)
W . F . G. B l a ik ie , Secretary.

C h a s . F k a n k i s h , Vice-President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 468.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s _________________$427,950
00
Real estate, office building___
1,600 00
Furniture and fixtures______
273 52
Advances, personal accounts705 32

Total assets ___________ $430,528 84

Installment shares, dues_____ $158,579
Installment shares, profits___ 31,724
Paid-up and prepaid shares,
capital _________
186,892
Paid-up and prepaid shares,
dividends _________________
1,905
Overdrafts and bills payable- 35,959
Reserve and undivided profits 10,501
Loans due and incomplete___
4,622
343
A ll other liabilities__________

30
70
00
31
35

Disbursements for Fiscal Year.

Total d isb u rsem en ts___ $231,880 59

Installment Shares, W ith Age, Value, and Withdrawal Value.

D ayton plan.
Dues, 60 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
W ithdrawal value, book value, less 1 per cent.




90

51 Overdrafts and bills payable- $45,642 S4
30 Loans
on
mortgages
and
s h a r e s --------------------------111,820 05
05 Interest p a i d ________________
3,022 93
13 Dues
repaid,
installment
35
shares _____________________ 32,071 33
30 Profits
repaid,
installment
21
s h a r e s _____________________
3,056 51
89 Paid-up and prepaid shares,
capital ____________________ 24,280 15
95 Paid up and prepaid shares,
dividends _______________
9,409 32
90 Advances, personal accounts816 87
Salaries -------------------------------1,225 00
Taxes _______________________
116 65
Other e x p e n s e s ______________
305 27
A ll other disbursements_____
113 67

Total r e c e ip ts __________ $231,880 59

4— BI.

39
89

Total lia b ilitie s _________ $430,528 84

Receipts for Fiscal Year.

Balance from lastreport_____
$4,851
Installment shares,dues______
56,944
Paid-up and prepaid shares,
dues ______________________
27,073
Interest _____________________ 17,025
Fines _______________________
267
21
Fees ------------------------------------Loans r e p a id ________________ 92,108
O verdrafts and bills payable- 22,090
Advances repaid, personal ac­
counts -------------------------------487
A ll other receipts, real estate
sold _______________________
11,010

Number of shares, 9,049.

50

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 31.

ORANGE.

ORANGE BUILDING AND LOAN ASSOCIATION.
(Incorporated September 21, 1887.)
U. D. R

h odes,

Secretary.
D. C. P ix le y , President.
Fiscal year ended October 31, 1912.

Number of aeries, 17.

Number of members and investors, 381.

Assets.

Loans
on
mortgages
and
shares
$325,592
Arrearages—
On shares
_ $589 25
1,211 09
On interest
_ 110 63
On fines
1,910
Cash in office and bank
6,605
3,481
R eal estate
474
Furniture and fixtures

Liabilities.

35

97
20
25
28

T otal assets ----------------- $338,064 05 ,

Guarantee stock, capital____ $25,000
Guarantee stock, surplus____
1,000
Installment shares, dues____ 142,246
Installment shares, profits___ 42.236
Paid-up and prepaid shares,
capital ------------------------------ 103,150
Paid-up and prepaid shares,
2,081
dividends _________________
Advance p a y m e n ts __________
126
O verdrafts and bills payable- 10,000
Reserve and undivided profits
5,063
Loans due and incomplete___
6,146
Sundry ledger accounts_____
.13
1,000
All other liabilities__________

00
00
50
48
00
40
50
00
53
64
00
00

Total liabilities ________ $338,064 05
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last rep ort____ $13,567
Guarantee s t o c k ------------------- 25,000
Installment shares, dues----- 36,131
Paid-up and prepaid shares,
dues ______________________
58,150
Interest _____________________ 24,151
Fines _______________________
512
Fees ________________________
415
Loans r e p a id ------------------------- 70,373
O verdrafts and bills payable- 14,500
Advances
repaid,
personal
accounts __________________
2,585
1
A ll other receipts___________

Number of shares, 3,700.

31 Overdrafts and bills payable- $7,500
on
mortgages
and
00 Loans
s h a r e s _____________________ 140,026
00
Interest p a i d ------------------------39
repaid,
installment
00 Dues
42
s h a r e s _____________________
34,997
repaid,
installment
85 Profits
s h a r e s _____________________
15,667
30
06 Paid-up and prepaid shares,
capital — :-------------------------- 27,150
00
PaidT
up and prepaid shares,
dividends _________________
5,099
35
2,531
00 Advances, personalaccountsSalaries _____________________
1,144
Other e x p e n s e s ______________
1,110
A ll other disbursements_____
3,515
Balance, cash in office and
6,605
bank ______________________

Total r e c e ip ts __________ $245,387 29

00
19
72
25
64
00
67
59
00
68
35
20

Total disbu rsem en ts------ $245,387 29

Installment Shares, W ith Age, Value, and Withdrawal Value.
Serial
No.
10—

11—

12—
13—
15—

17—
18—

20—
22 —

24—




Age In
months.

114
102
90
78
66
54
48
36
24
12

Total dues
per share.

Book value
per share.

$114
102
90
78
66
54
48
36
24
12

$173
147
124
103
83
65
56
40
26
12

00
00
00
00
00
00
00
00
00
00

46
78
61
26
61
49
99
94
17
55

Withdrawal
value.

$173
147
124
96
79
62
54
39
25
12

46
78
61
64
20
62
74
70
08
27

51

REPORT ON- B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 32.

PALO A LTO .

PALO ALTO MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated November 14, 1892.)
A lfred S e ale , Secretary.

0 . H . G ilbert , President.

Fiscal year ended November 30, 1912.
Number of series, none.

Number of members and investors, 524.

Liabilities.

Assets.

Loans
on
mortgages
and
shares _____________________ $479,026
Arrearages—
On in t e r e s t _______________ 10,201
Cash in office and bank______
23,933
21,200
Real e s t a t e _________________
Furniture and fixtures______
2,960
Advances, personal accou nts. 13,626
A ll other assets______________ 15,196

Number of shares, 1,575.

20
08
47
00
00
30
10

Total assets ___________ $566,143 13
Receipts for Fiscal Year.

Balance from last report______ 15,352 71
Installment shares, dues_____
13,604 60
Investment certificates _____ 189,263 40
Interest _____________________ 50,006 40
Fines _______________________
30 00
Loans r e p a id _________________ 213,415 74
Overdrafts and bills payable. 70,497 35
Advances
repaid,
personal
a c c o u n t s ---------------------------6,167 75
A ll other receipts____________
49 40

Total r e c e ip t s __________ $558,387 35

|Installment shares, dues_____ $50,929 18
Installment shares, profits__ 12,597 07
Paid-up and prepaid shares,
capital ------------------------------ 24,117 50
Investment certificates, prin ­
cipal __________________
408,029 97
Overdrafts and bills payable. 64,668 95
Reserve and undivided profits
4.239 24
Loans due and incomplete___
1,473 02
A ll other liabilities__________
88 20
Total liabilities ________$566,143 13
Disbursements for Fiscal Year.

Overdrafts and bills payable.
Loans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s ---------- ---------------------Profits
repaid,
installment
s h a r e s -------------------------------Paid-up and prepaid shares,
capital ____________________
Paid-up and prepaid shares,
dividends _________________
Investment certificates, prin­
cipal ---------------------------------Investment certificates, divi­
dends ---------- ,.-------------------Advances, personala ccou nts.
Salaries
____________________
Taxes _________ _____________
Other e x p e n s e s ____ ._________
A ll other disbursements_____
Balance, cash in office and
bank ______________________




40

136,200 00
39,690 49
50,333 62
21,689 02
25,932 50
1,423 00
165,369 99
11,464
11,728
6,040
4,03 6
5,083
45,653

85
88
38
00
46
29

23,933 47

Total disbu rsem en ts____ $558,387 35

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, fiscal y e a r ,__per cent.
Book value, dues plus dividend.
W ithdrawal value, same as book value.

$9,828

52

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 33.

PASADENA.

CALIFORNIA SECURITY-LOAN CORPORATION.
(Incorporated March 22, 1909.)

W . S. S tbeetek , Secretary.

J. O. M c C a m e n t , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 92.

Number of shares, 1,160.

Liabilities.

Assets.

Guarantee stock, capital_____ $25,000
Loans
on
mortgages
and
7,500
shares ____________________ $329,366 73 Guarantee stock, surplus____
Cash in office and bank_______ 64,031 92 Investment certificates, prin­
cipal ______________________ 325,483
Furniture and fixtures----------500 00
Investment certificates, divi­
dends _____________________
2,677
Reserve and undivided profits
2,244
Loans due and incomplete___ 30,482
Sundry ledger accounts_____
509
Total assets ___________ $393,898 65
Receipts for Fiscal Year.

Balance from last report____ $31,347
Investment c e r tific a te s _____ 381,735
Interest _____________________ 20,093
Premiums, com m ission s_____
5,974
Loans r e p a id ________________ 154,516
Advances repaid, personal ac­
counts ____________________ 14,469

66
78
72
89
60

Total lia b ilitie s _________ $393,898 65
Disbursements for Fiscal Year.

14 Loans
on
mortgages
and
59
s h a r e s _________________$298,689
67 Dividends on guarantee stock
2,500
75 Investment certificates, prin­
cipal ______________________ 216,460
92
Investment certificates, divi­
92
dends _____________________ 12,560
Advances, personalaccounts7,622
Salaries _____________________
2,645
169
Taxes -----------------------------------Other e x p e n s e s _________
3,036
All other disbursements_____
421
Balance, cash in office and
bank ______________________
64,031

Total r e c e ip ts __________ $608,137 99

41
00
82
58
43
00
10
88
85
92

Total disbursem ents____ $608,137 99

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.
W ithdraw al value> same as book value.




00
00

53

EEPOET ON B U ILD IN G A N D LO A N ASSOCIATIONS.

No. 34.

PASADENA.

LOS ANGELES COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated February 16, 1899.)
E verett D. H il l , Secretary.

S olon B riggs , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 451.

Assets.

Liabilities.

Loans
on
mortgages
and
shares
$132,078
Arrearages— ■
On interest
1,743
Cash in office and bank
_
4,197
Furniture and fixtures
477
Advances, personal accounts168

Total assets

Number of shares, 6,334.

00
53
87
50
92

$138,665 82

Receipts for Fiscal Year.

Installment shares, dues_____ $75,543 41
Installment shares, profits___ 27,633 88
Paid-up and prepaid shares,
capital
22,975 00
Paid-up and prepaid shares,
dividends
104 50
Reserve and undivided profits
7,801 78
Loans due and incomplete___
4,607 25
Total liabilities

$138,665 82

Disbursements for Fiscal Year.

Balance from last report- — $13,248 37 Loans
on
mortgages
and
Installment shares, dues
49,648 21
shares
$33,090 00
Paid-up and prepaid shares,
Dues
repaid,
installment
dues
shares
41,649 68
1,650 00
Interest
repaid,
installment
_
9,985 83 Profits
Premiums
shares _
3,254 90
180 00
Fees
25 00 Paid-up and prepaid shares,
Loans repaid _
capital
1,900 00
9,600 00
Paid-up and prepaid shares,
Advances repaid, personal ac1,121 85
counts
dividends
21,813 70
Advances, personal accounts- 18,144 83
Salaries
1,580 00
Taxes
281 53
Other expenses
930 45
Balance, cash in office and
bank
4,197 87
Total receipts

$106,151 11

Total d isb u rsem en ts___$106,151 11

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.
W ithdrawal value, same as book value.




54

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 35.

PASADENA.

MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated July 18, 1892.)

J. D . N a s h , Secretary.

R . H . P i n n e y , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 520.

Number of shares. 5.394.

Liabilities.

Assets.

Loans
on
mortgages
and
Guarantee stock, capital_____ $15,000 00
1,125 00
s h a r e s ------------------- :------------ $300,514 70 Guarantee stock, surplus____
Installment shares, dues_____
64,032 65
Arrearages—
Installment shares, profits___ 19,395 24
On in t e r e s t ___ $1,031 02
Paid-up and prepaid shares,
71 00
One p r e m iu m ___
c a p i t a l ___________________
99,050 00
-----------1,102 02
Cash in office and bank______
18,549 80 Paid-up and prepaid shares,
dividends _________________
5,243 72
500 00
Furniture and fixtures______
Investment certificates, prin­
cipal ______________________
38,358 96
Investment certificates, divi­
dends _____________________
3,444 40
Overdrafts and bills payabale 25,000 00
Reserve and undivided profits 31,562 24
Loans due and incomplete___ 16,S32 91
Sundry ledger accounts_____
455 25
A ll other liabilities________
1,166 21
Total a s s e t s ____________ $320,666 58
Receipts for Fiscal Year.

Balance from last report____
Guarantee s t o c k ____________
Installment shares, dues_____
Paid-up and prepaid shares,
dues ---------------------------------Investment c e rtifica te s _____
Interest _____________________
Premiums __________________
Fines -----------Fees ________________________
Loans r e p a id ________________
O verdrafts and bills payableAdvances
repaid,
personal
a c c o u n t s ---------------------------A ll other receipts___________

Total lia b ilitie s _________ $320,666 58
Disbursements for Fiscal Year.

$4,558 87 Overdrafts and bills payable- $33,000 00
15,000 00 Loans
on
mortgages
and
21,308 64
s h a r e s _____________________ 139,403 17
Interest paid _________________
647 66
repaid,
installment
50,600 00 Dues
s h a r e s _____________________ 21,134 04
37,192 97
23,965 71 Profits
repaid,
installment
s h a r e s _____________________
4,899 39
1,318 32
219 70 Paid-up and prepaid shares,
46 70
capital __________
30,550 00
87,081 97 Paid-up and prepaid shares,
48,000 00
dividends --------------------------9,487 97
Investment certificates, prin­
cipal ______________________
26,056 94
1,458 40
239 83 Investment certificates, divi­
dends _____________________
18 20
Advances, personal accounts1,283 80
Salaries _____________________
2,390 00
Other e x p e n s e s ______________
3,570 08
Balance, cash in office and
bank ______________________
18,549 86

Total r e c e ip ts __________ $290,991 11

Total disbu rsem en ts____ $290,991 11

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

D ayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
W ithdraw al value, dues plus profits as per by-laws.




55

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 36.

PASO

RO BLES.

PASO ROBLES MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 5, 1905.)

M. R. V a n W

obm eb,

Secretary.
C. S e i d m a n , President.
Fiscal year ended August 31, 1912.

Number of series, 12.

Number of members and investors. 49.

Number of shares. 346.

Liabilities.

Assets.

Loans
on
mortgages
shares _
Arrearages—
On shares
_ .
Cash in office and bank
Furniture and fixtures

and

T otal assets

$23,512 10
15 05
2,110 79
96 55

Installment shares, dues_____ $12,651 00
Installment shares, profits___
3,268 56
Paid-up and prepaid shares,
capital
2,000 00
Investment certificates, principal
7,575 00
12 60
Advance payments
Reserve and undivided profits
227 33

$25,734 49

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Paid-up and prepaid shares,
dues _ Investment certificates
Interest
Fines
Fees
Loans repaid

T otal receipts

$25,734 49

Total liabilities

on
mortgages
and
$1,412 68 Loans
shares
$15,440 27
3,262 30
Interest paid.
9 80
repaid,
installment
300 00 Dues
shares
2,195 30
4,275 00
repaid,
installment
1,883 88 Profits
shares
180 12
19 70
8 15 Paid-up and prepaid shares,
dividends
102 00
10,621 72
Investment certificates, principal
1,100 00
Investment certificates, divi263 75
dends
Advances, personal accounts40 00
249 60
Salaries
Taxes
53 90
Other expenses
37 00
A ll other disbursements
90
Balance, cash in office and
bank
2,110 79
$21,783 43

Total disbu rsem en ts____ $21,783 43

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

1------------------------------------------------------------3------------------------------------------------------------6 ------------------------------------------------------------8------------------------------------------------------------11------------------------------------------------------------14------------------------------------------------------------16-------------------------------------------------------------




Age in
months.

84
69
57
48
36
21
12

Total dues
per share.

$84
69
57
48
36
21
12

00
00
00
00
00
00
00

Book value
per share.

$111
87
70
57
41
22
12

27
77
10
41
29
88
59

Withdrawal
value.

$108
84
66
55
39
22
12

55
02
83
06
97
41
44

56

EEPOET OX B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 37.

PETALUM A.

PETALUMA MUTUAL LOAN ASSOCIATION.
(Incorporated September 27, 1889.)
F . A . C r om w ell , Secretary.

F r a n k H . D e n m a n , President.

Fiscal year end'ed September 30, 1912.
Number of series, 12.

Number of members and Investors, 99.

Assets.

Number of shares, 838.

Liabilities.

Loans
on
mortgages
and
s h a r e s ---------------------------------- $43,942 00
Arrearages—
On s h a r e s ______
$8 00
8 75
On in t e r e s t _____
On f i n e s _________
80
---------------------------- 17 55
Cash in office and bank_____
5,836 35
30 00
Furniture and fixtures______
All other assets______________
100 00
Total a s s e t s _____________$49,925 90

Installment shares, dues_____ $37,026
Installment shares, profits___
6,738
11
Advance p a y m e n ts __________
Overdrafts and bills payable5,450
Reserve and undivided profits
549
A ll other liabilities, interest
on bills payable___________
151

Disbursements for Fiscal Year.
$4 ,700 00

Total receipts

Overdrafts and bills payableLoans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
159 00
shares
Salaries
Taxes
Other expenses
Balance, cash in office and
bank

$4,783
10,524
3,143
64
8.568
5,450

20

Total lia b ilitie s _________ $49,925 90

Eeceipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Interest _
Fines
Loans repaid
Overdrafts and bills payableAdvances repaid, personal accounts

00
29
00
00
41

00
50
90
55
00
00

10 ,050 00
224 30
9 ,1 3 0 50
1,788
420
319
223

39
00
99
42

5,836 35

Total disbu rsem en ts------ $32,692 95

$32,692 95

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

15
16
17
18
19
20
21
22
23
24

Age in
months.

_

_

_
_

.. .
_
____
_
. _
_
_________
_________
_
.____
_
.
_ _
._ _____
.______




_

_
_
_
_
_
_
_

120
108
96
84
72
60
_ 4 8
_ 3 6
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$157
138
119
101
84
68
53
38
25
12

00
00
00
00
00
00
00
00
00
00

76
11
47
76
94
83
46
95
22
28

Withdrawal
value.

$157
138
118
100
83
67
52
38
24
12

76
11
88
87
97
74
64
36
92
20

0<

REPOET O X B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 38.

PLEASANTO N.

PLEASANTON MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 1, 1895.)

T. H . S i l v e r , Secretary.

S a m u e l J. W

ells,

President.

Fiscal year ended March 26, 1913.
Number of series, 20.

Number of members and investors,

71.

Assets.

Number of shares, 499.
Liabilities.

Loans
on
mortgages
and
shares
$37,050 00
Arrearages—
On shares
$35 00
On interest
42 00
On fines
4 50
-------------81 50
Cash in office and bank_____
2,943 77
Total assets ___________ $40,075 27

Installment shares, dues_____ $30,618
Installment shares, profits___
8,147
Reserve and undivided profits
529
Loans due and incomplete___
780

Total lia b ilitie s _________ $40,075 27
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Interest _____________________
Premiums __________________
Fines _______________________
Fees ------------------------------------Loans r e p a id ________________
O verdrafts and bills payableAdvances repaid, personal ac­
counts ____________________

00
20
98
09

Overdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s _____________________
Advances, personal accounts96 90 Salaries _____________________
Taxes _______________________
Other e x p e n s e s ______________
Balance, cash in office and
bank ______________________

$2,392
5.937
2,624
82
9
71
2,000
1,500

33
00
65
50
00
00
00
00

Total r e c e ip ts __________ $14,713 38

$1,500 00
8,800 00
35 00
837 00
180 34
81 50
150 00
130 77
55 00
2,943 77

Total disbu rsem en ts____ $14,713 38

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

16
18
2 0 ______
22 _
.
24
26___ -.
28
30
32
.
34

Age in
months.

_

_

_
_

—
________
_




_

_

-

-

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$166
144
123
104
86
70
54
39
25
12

00
00
00
00
00
00
00
00
00
00

35
30
80
65
80
05
80
00
50
35

Withdrawal
value.

Dues plus
90 per
cent of
profits.

58

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 39.

POMONA.

HOME BUILDERS LOAN ASSOCIATION.
(Incorporated March 16, 1908.)
C. E. G b easee , Secretary.

J. W . F u l t o n , President.

Fiscal year ended March 31, 1913.
Number of series, none.

Number of members and investors, 470.

Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s ________________ $329,592
28
Cash in office and bank_______
7,970 23
Real estate, office building___ 15,103 05
Furniture and fixtures_______
1,137 34
Advances, personal accounts77 92

Total a s s e t s ____________ $353,880 82

Guarantee stock, capital____ $96,500
4,972
Guarantee stock, surp’ us____
Installment shares, dues____ 25,703
Installment shares, profits___
4,793
Investment certificates, prin­
cipal ______________________ 179,756
Investment certificates, divi­
dends _____________________
2,497
Overdrafts and bills payable. 20,000
Loans due and incomplete___ 12,924
Sundry ledger accounts-------644
All other liabilities, dividends
guarantee capital stock___
6,087

60
90
00
58
59
49

Total lia b ilitie s _________ $353,880 82

Overdrafts and bills payable- $11,000 00
Loans
on
mortgages
and
s h a r e s _____ ._______________ 146,018 29
Interest p a i d ________________
496 38
Dividends on guarantee stock 10,093 13
Dues
repaid,
installment
s h a r e s _____________________
3,046 50
Profits
repaid,
installment
shares _____________________
258 76
Investment certificates, prin­
cipal ______________________ 123,334 51
17
21 Investment certificates, divi­
9,993 80
dends _____________________
' Advances, personalaccounts3,274 83
i Salaries _____________________
3,086 35
Other e x p e n s e s ______________
3,200 12
All other disbursements_____
3,671 20
Balance, cash in office and
; bank ______________________
7,970 23

15
00
00
78
58
85
40
96
00

T otal r e c e ip t s __________ $325,444 10

Total disbursem ents____ $325,444 10

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 10 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.




00
72
00
94

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____ $10,385
Guarantee s t o c k ____________
14.000
10,140
Installment shares, dues_____
Investment c e r t ific a te s _____ 104,140
Interest _____________________ 28.219
Fines _______________________
224
Fees ____________________.____
2,847
63.137
Loans r e p a id ________________
Overdrafts and bills payable- 24.000
Advances
repaid,
personal
accounts ___________________
3.846
A ll other receipts____________
4.502

Number of shares. 2,609.

59

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 40.

POMONA.

MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated December 24, 1892.)
W . D. F r e d e r i c k , Secretary.

J. T . B

rady,

President.

Fiscal year ended December 31, 1912.
Number of series, 22.

Number of members and investors, 847.

Number of shares, 11,322.
Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s ______________________$508,082
Arrearages—
On s h a r e s ______ $504 50
On interest ____ 508 05
On p r e m iu m ___
26 25
On f i n e s ________
42 30
-------------1,130
Cash in office and bank______ 24,224
Real estate, office building____ 24,411
Furniture and fixtures_______
2,600

00

10
36
36
00

Installment shares, dues____*$14S,827
Installment shares, profits___ 84,473
Paid-up and prepaid shares,
capital ____________________ 336,200
I ’aid-up and prepaid shares,
dividends _________________
8,929
Advance payments __________
1,300
Overdrafts and bills payable- 10,000
Reserve and undivided profits
8,376
Loans due and incomplete___ 11,600
Sundry ledger accounts_____
85
A ll other liabilities, tax re­
serve ______
662

00
39
00
30
55
00
48
00
00
10

Total lia b ilitie s _________ $560,453 82

Total a s s e ts ____________ $560,453 82

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last, report____ $15,586
Installment shares, dues_____
50,423
Paid-up and prepaid shares,
dues ______________________ 232,500
Interest _____________________ 36,525
Premiums __________________
1,743
Fines _______________________
240
Fees _________________________
294
Loans r e p a id __________________104,714
Overdrafts and bills payable- 30,500
Advances
repaid,
personal
a c c o u n t s ___________________
237
A ll other receipts___________
4,990

77 Overdrafts and bills payable- $30,500 00
on
mortgages . and
50 Loans
155,967 25
shares
80 21
00 Interest paid
repaid.
installment
60 Dues
shares
46,858 50
30
repaid,
installment
15 Profits
shares
12,337 08
30
10 Paid-up and prepaid shares,
00
capital
.. _ 179,000 00
Paid-up and prepaid shares,
18,848 16
75
dividends
08 Advances, personal accounts237 75
3,100 30
3,982 21
Taxes
Other expenses 1,748 06
All other disbursements
S71 67
Balance, cash in office and
bank
24,224 36

Total r e c e ip t s --------------- $477,755 55 ;

Total disbu rsem en ts____ $477,755 55

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

21
23
25
27 _____
29
31_
— . _
33 _____
35— —
37—
- . —
39

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.

$86
75
64
53
44
35
27
20
12
6

86
00
03
76
47
70
57
00
88
22

Withdrawal
value.

$86
73
61
51
43
34
27
19
12
6

86
00
16
87
11
84
04
67
73
18

60

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 41.

P O R T E R V IL L E .

PORTERVILLE MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 29, 1905.)
C h a s . O. P kemo , Secretary-

H . C. C ake , President.

Fiscal year ended October 31, 1912.
Number of series, none.

Number of members and investors, 156. Number of shares, 2,708.

Assets.

Loans
on
mortgages
shares
Arrearages—
On interest
Cash in office and bank

Liabilities.

and

Total assets

Installment shares, dues
$53,607 50
$72,050 00 Installment shares, profits___ 16,602 68
Reserve and undivided profits
1,000 05
1,034 05 Loans due and incomplete__
2,350 00
476 18
$73,560 23

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Interest
Fines
Loans repaid
O verdrafts and bills payableAdvances repaid, personal accounts
A ll other receipts

Total receipts

Total lia b ilit ie s __

Disbursements for Fiscal Year.

$240
11,560
6,268
43
9,350
500

79
00
37
75
00
00

Overdrafts and bills payableLoans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
125 15
216 88 Advances, personal accountsSalaries
Taxes
Other expenses
Balance, cash in office and
bank

$28,304 94

$500 00
20,250 00
1 56
4,365 00
416
125
360
1,767
43

03
15
00
57
45

476 18

Total disbu rsem en ts____ $2S,304 94

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 10J per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.




$73,560 23

61

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 42.

R E D W O O D C IT Y .

SAN MATEO COUNTY BUILDING AND LOAN ASSOCIATION.
(Incorporated May 8, 1890.)
G e o . W . L o v ie , Secretary.

P. P. C h a m b e r l a i n , President.
Fiscal year ended May 31, 1913.

Number of series, 42.

Number of members and investors, 517.

Number of shares, 4,175.
Liabilities.

Assets.

Loans
on
mortgages
and
shares _____________________ $319,226
Arrearages—
On s h a re s ________$504 30
On interest ____ 3,595 08
4,099
Cash in office and bank______
6,968
Real e s t a t e _________________
11,866
Furniture and fixtures______
600
Advances, personal accounts1,028

Installment shares, dues-------- $214,978
69,694
07 Installment shares, profits—
Investment certificates, principal ---------------------------------- 49,600
422
Advance p a y m e n ts __________
8,538
38 Reserve and undivided profits
555
37 Loans due and incomplete___
48
00
75

Total a s s e ts _____________ $343,789 05 j

20
93
00
13
20
59

Total lia b ilitie s _________ $343,789 05
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment shares, dues_____ $43,086
18,800
Investment c e r tific a te s _____
Interest -------------------------------- 27,041
251
Fines _______________________
Fees ------------------------------------112
Loans r e p a id ________________
77,523
Advances repaid, personal ac­
counts ------------------------------ _
1,657
A ll other receipts_____________
3,755

Overdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s _____________________
07
00 Investment certificates, prin­
cipal ______________________
Investment certificates, divi­
dends _____________________
Advances, personal accountsSalaries _____________________
Taxes _______________________
Other e x p e n s e s ______________
All other disbursements-------Balance, cash in office and
bank ______________________

30
00
36
84
50
75

Total r e c e ip t s --------------- $172,227 82

$2,449 47
99,669 24
151 74
27,411 90
14,742 93
7,000 00
2,301
1,243
2,709
768
676
6,133

87
85
50
22
89
84

6,968 37

Total disbu rsem en ts____ $172,227 82

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

43
47
5 155
59
63
67 _
71 75 _
79 _

Age in
months.

—

-




. _

_

-

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$181
156
133
111
92
73
56
40
26
12

00
00
00
00
00
00
00
00
00
00

69
48
18
63
23
31
26
54
01
52

Withdrawal
value.

$173
149
128
108
89
71
55
39
25
12

03
91
32
17
34
78
37
46
52
26

62

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 43.

REDLANDS.

HOME INVESTMENT ASSOCIATION.
(Incorporated March 22, 1890.)

J. W

ar ben

S m i t h , Secretary.

W . T . B il l , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 522.

Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________ $450,922
Cash in office and bank---------- 12,404
Real estate _________________
6,566
Furniture and fixtures______
860
Advances, personal accounts163

Total assets

Number of shares. 2,036.

13
21
11
00
39

$470,915 84

Receipts for Fiscal Year.

Guarantee stock, capital____ $99,900
Guarantee stock, surplus____
5,538
Installment shares, dues____ 32,147
Installm ent shares, profits___
5,296
Paid-up and prepaid shares,
capital ____________________ 102,786
Paid-up and prepaid shares,
dividends _________________
3,088
Investment certificates, prin­
cipal _______________
1.93,501
Investment certificates, divi­
dends _____________________
4,575
Reserve and undivided profits
9,256
Loans due and incomplete___
14,183
Sundry ledger accounts_____
641

00
27
53
50
00
15
47
74
86
90
42

Total lia b ilitie s _________ $470,915 84
Disbursements for Fiscal Year.

on
mortgages
and
Balance from last report-----$8,590 48 Loans
s h a r e s _____________________ $223,331 10
Guarante s t o c k ______________ 10,500 00
9,621 62
Installment shares, dues------- 12,501 50 Dividends on guarantee stock
Dues
repaid,
installment
Paid-up and prepaid shares,
s h a r e s _____________________
5,304 50
dues ---------------------------------- 42,286 00
repaid,
installment
Investment ce r tific a te s _____ 230,990 80 Profits
shares _____________________
433 24
Interest _____________________ 37,951 26
Fines _______________________
354 53 Paid-up and prepaid shares,
capital ____________________
2,000 00
1,775 50
Fees ________________________
Loans r e p a id ________________ 87,090 40 Paid-up and prepaid shares,
4,051 23
dividends _________________
Advances
repaid,
personal
a c c o u n t s __________________
670 30 Investment certificates, prin­
cipal ______________________ 153,472 59
Investment certificates, divi­
dends _____________________
8,018 06
Advances, personalaccounts504 83
Salaries _____________________
2,813 00
Taxes _______________________
440 33
Other e x p e n s e s ______________
3,736 15
All other disbursements_____
6,579 91
Balance, cash in office and
bank ______________________
12,404 21
Total r e c e ip t s __________ $432,73 0 77

Total disbursem ents____ $432,710 77

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 8 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.




REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 44.

63

R IV E R S ID E .

RIVERSIDE COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated' April 5, 1901.)
M. S. B o w m a n , Secretary.
W . B . C l a n c y , President.
Fiscal year ended April 30, 1913.
Number of series, none. Number of members and investors, 205. Number of shares, 2,801.
Liabilities.
Assets.
Installment shares, dues____ $30,065 79
Loans
on
mortgages
and
8,079 47
shares
_ _
_ _ _$142,950 00 Installment shares, profits___
Cash in office and bank _ _
8,307 55 Paid-up and prepaid shares,
capital
_
_
101,400 00
Advance payments
_ — _
2,000 00
Reserve and undivided profits
4,580 74
Loans due and incomplete___
5,131 55
Total assets ________ __

$151,257 55

Receipts for Fiscal Year.
Balance from last report____ $2,823
Installment shares, dues
— 31,604
Paid-up and prepaid shares,
dues
_ _
____
22,200
Interest
_
______
12,043
Loans repaid
96 375

Total receipts

_

Total liabilities

________$151,257 55

Disbursements for Fiscal Year.
on
mortgages
and
95 Loans
shares
_
_ _
$29,902 67
23
Dues
repaid,
installment
shares
_
28,808 32
00
repaid,
installment
58 Profits
Oft
shares
....
2,681 14
Paid-up and prepaid shares,
capital _
— — ____ 12,20*1 00
Paid-up and prepaid shares,
d iv id e n d s ------------ --- 10,787 46
_
1,772 55
Salaries
_ _
_
Taxes
___
_ _
312 95
Other expenses
79 15
A ll other disbursements ___
194 97
Balance, cash in office and
bank
—
_______ _
8,307 55

___ _ $95,046 76

Total d isb u rsem en ts___ $95,046 76

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 7 i per cent.
Book value, dues plus dividend.
W ithdrawal value, same as book value.




64

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 45.

SACRAM ENTO.

SACRAMENTO BUILDING AND LOAN ASSOCIATION.
(Incorporated August 26, 1874.)
F

rank

H

ic k m a n

, Secretary.

J oseph

H . A r n o l d , President.

Fiscal year ended August 23, 1912.
Number of series, none.

Number of members and Investors, 267.

Assets.

Loans
on
mortgages
shares
Arrearages—
On interest
Cash in office and bank
Furniture and fixtures
A ll other assets

Total assets

Liabilities.

and

-

$257,866 40
259
29,250
315
36

90
79
50
64

$287,729 23

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Paid-up and prepaid shares,
dues
Interest
Loans repaid
A ll other receipts

Total receipts

Number of shares, 3,685.

Installment shares, dues_____ $147,387
Installment shares, profits___ 34,883
Paid-up and prepaid shares,
capital
_
72,209
Paid-up and prepaid shares,
dividends
_
1,857
Advance payments
110
Reserve and undivided profits 31,289
Total liabilities

00
60
90
74

_ $287,729 23

Disbursements for Fiscal Year.

on
mortgages
and
$6,973 44 Loans
shares
_
$69,530 00
55,156 00
Dues
repaid,
installment
shares
28,806 00
21,600 00
repaid,
installment
15,525 40 Profits
shares
3,747 71
57,930 00
6 00 Paid-up and prepaid shares,
capital
19,000 00
Paid-up and prepaid shares,
dividends
_
3,7015 20
Salaries
1,919 50
Taxes
230 00
Other expenses
1.001 64
Balance, cash in office and
bank
29,250 79
$157,190 84

Total disbursem ents____ $157,190 84

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.




00
99

65-

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 46.

SAN BERNARDINO.

SANTA FE BUILDING AND LOAN ASSOCIATION.
(Incorporated January 8, 1890.)
J o h n F lagg , Secretary!

J. F. PA rkeb , President,

Fiscal year ended December 31, 1912.
Number of series, 11.

Number of members and investors, 1,310.

Liabilities.

Assets.

Loaps . on
mortgages
and
^ s h a r e s ____ _________________ $815,196
Arrearages—1
On s h a r e s __ -...... $1,609 00
On interest ____ 1,886 80
On p r e m iu m ____
112 35
— ------ — . 3,608
lje a l e s t d t e ____ ___________
2,9Q8
Furniture and fixtures______
500

25

15
11
00

Installment shares, dues_____ $438,891 00
Installment shares, profits___ 139,343 89
Paid-up and prepaid shares,
c a p i t a l __ _________________ 89,850 00
Investment certificates,_prin­
cipal
— _______ 121,850 00
Investment certificates,_divi­
dends
T_
901 50
Overdrafts and bills payable4,409 20
Reserve and undivided profits
11,452 77
Loans due and incomplete___
15,514 15
Total liabilities ______ ,__$822,212 51

Total a s s e t s ______ — __ ^$822,212 51

Disbursements for Fiscal Year.

Receipts for Fiscal Year. •

Balance from last, report____ $1,508
Installment shares, dues_____ 11,7,021
Paid-up and prepaid shares
. ;dues ------ ---------------------- — 54,100
Investment certifica tes'__42,150
Interest -------------------------------- 60,713
Fines ------ — .____ .....................
530
F oan s'rep aid —
__________ 132,874
Overdrafts and bills payable4,409
A ll (other receipts___________
1,275

Total

receipts

Number of shares, 10,875.

59 Loans
on
mortgages
and
00
s h a r e s ----------- . a— ___ i-$27 3 ,1 5 8 65
36 .00
Interest p a i d -- ------ --- :__— ___
repaid,
installment
00 Dues
shares . ________ _______ ___
00
64,405 00;
repaid,installment
35 Profits
20
shares
__________
30,534 51
00 Paid-up and. prepaid shares,
c a p ita l
_____ ___________ _ 18,250 00
20
00 Paid-up and prepaid, shares,
dividends ,_________ _____:___
3,774 05
Investment certificates, prin­
cipal ---------------------------------- 10,400 00
Investment certificates, divi­
dends -------------------------------6,358 00
Salaries _____________________
2,689 00
Taxes -----------------------------------1,141 78
Other e x p e n s e s -----------853
60
All other disbursements____
2,980 75

$414,581 34

Total disbursem ents____ $414,581 34

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

Age in
months.

1 3 -

^

1415-

16 ^

.
.

.

17L_.
1 8 -^ .

19—

20—
2l__.
22 5— BL




120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$193
165
139
116
95
75
57
41
26
12

00
00
00
00
00
00
00
00
00
00

23
41
,94
61
25
6£
J£
37
35
6C

Withdrawal
value.,'

$193
165
137
113
90
70
53
38
25
12

23
41
75
35
60
95
36
60
15
30

66

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 47.

SAN

D IE G O .

SAN DIEGO BUILDING AND LOAN ASSOCIATION.
(Incorporated July 14, 1885.)

J. R. B eardsley , Secretary.

W . R . R ogers, President.

Fiscal year endted June 30, 1913.
Number of series, 22.

Number of members and investors, 475.

Assets.

Number of shares, 3.S86.
Liabilities.

Loans
on
mortgages
and
Installment shares, dues____ $158,724
shares ____________________$302,525 00 Installment shares, profits___ 38,5156
Arrearages—
Investment certificates, prinOn s h a re s ________$320 00
cipal
_________
86,5100
On in t e r e s t _____
350 20
Investment certificates, divi---------------------------- 670 20 dends
________
____
2,579
Cash in office and bank______
1,624 63 Advance payments _
£130
Real e s t a t e _________________
1,785 36 O verdrafts and bills payable- 10,000
375 00 Reserve and undivided profits
Furniture andfixtures________
8,8139
Loans due and incomplete___
550
A ll other liabilities, tax reserve
700
Total a s s e t s _____________$306,980 19

00
15
90
00
61
00
00

Total lia b ilitie s_________ $306,980 19

Receipts for Fiscal Year.

Balance from last report____ $11,872
Installment shares, dues____ 43,379
Investment c e r tific a te s _____
29,100
Interest _____________________ 23,995
Fines _______________________
75
Fees _________________________
83
Loans r e p a id ------------------------- 117,325
Overdrafts and bills payable4,800
Advances
repaid,
personal
a c c o u n t s __________________
7
A ll other receipts---------------30

00
53

Disbursements for Fiscal Year.

85
00
00
47
45
70
00
00

Overdrafts and bills payable- $10,300 00
Loans on
mortgages
and
s h a r e s _____________________ 97,111 45
1,229 01
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s -------------------------------- 57,967 00
Profits
repaid,
installment
s h a r e s -------------------------------- 16,421 01
Investment certificates, prin­
70
cipal _____________________ , 35,000 00
00 Investment certificates, divi­
dends _____________________
6,194 35
Salaries _____________________
1,800 00
Taxes _______________________
2,673 51
Other e x p e n s e s ______________
312 15
A ll other disbursements_____
36 06
Balance, cash in office and
bank ______________________
. 1,624 63

T otal r e c e ip t s __________ $230,669 17

Total d isb u rsem en ts___ $230,669 17

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

________
__
1 9 ________________________ .
2 1 — ____________________ ___________________
2 3 ----------------------------------------- ____________
2 5 ____ ___________________ _______________ _
27—
___________________________________
_ ____
_ _
29 —
____________
___
_
—
—
31 ____________________
__
3 3 ............. .........................
-____________
__
3 5 _________________________ ___________
________
___
37 _________________




Age In
months.

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$1 20
108
96
84
72
60
48
36
24
12

$169
14 7
12 6
10 6
88
71
54
39
25
12

00
00
00
00
00
00
00
00
00
00

42
03
16
65
36
14
97
81
63
38

Withdrawal
value.

$1 49
13 2
115
98
82
67
52
38
25
12

80
12
04
56
68
40
72
64
16
28

67

REPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 48.

S A N D IE G O .

SILVER GATE BUILDING AND LOAN ASSOCIATION.
(Incorporated June 22, 1890.)
H . A . C b o g h a n , Secretary.

W . M . H ebbebt , President.

Fiscal year ended May 31, 1913.
Number of series, 22.

Number of members and investors, 162.

Assets.

Loans
on
mortgages
and
s h a r e s -------------------------------- $257,525 00
7,179 61
Gash in offiee and bank_____

Number of shares, 3,594.
Liabilities.

Installment shares, dues_____ $182,508
Installment shares, profits___ 49,014
Investment certificates, prin­
cipal ______________________
25,250
O verdrafts and bills payable5,000
Reserve and undivided profits
1,152
Loans due and incomplete___
1,778

00
94
00
00
77
90

Total lia b ilitie s _________ $264,704 61

Total a s s e ts ____________ $264,704 61
Receipts for Fiscal Year.

Disbursements for Fiscal Year.

Balance from last r e p o r t--— $14,491 20 Overdrafts and bills payable- $13,000 00
Installment shares, dues_____
44,292 00 Loans
on
mortgages
and
Investment c e rtifica te s _____
100 00
s h a r e s _____________________ 72,927 10
Interest _____________________ 20,534 28 Interest p a i d ________________
2,479 81
Fees _________________________
82 40 Dues
repaid,
installment
Loans r e p a id ________________
54,036 00
s h a r e s -------------------------------- 33,114 00
Overdrafts and bills payable- 18,000 00 Profits
repaid,
installment
s h a r e s _____________________
8,649 63
Investment certificates, prin­
cipal ---------------------------------9,802 79
Salaries __________ .__________
863 74
Taxes ---------------------------------3,475 22
Other e x p e n s e s ______________
43 98
Balance, cash in office and
bank ______________________
7,179 61
Total disbursem ents-------$151,535 88

T otal r e c e ip ts __________ $151,535 88

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

__________
17
_
_ .____
__
19
—
______ _ .______
____
2 1 ___________________ _ .. ______
_______
2 3 _______
___________ ________
2 5 ________________________ __________________
_______
__
2 7 ______
________
_______
_
29- —
_______________ ____
31
_
_
_____
33
_
_______________
35




Age in
months.

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
10 8
96
84
72
60
48
36
24
12

$172
148
127
107
88
71
54
40
25
12

00
00
00
00
00
00
00
00
00
00

77
56
45
32
68
33
92
00
79
46

Withdrawal
value.

$1 50
134
115
98
82
67
52
38
25
12

00
55
20
70
80
50
80
70
20
30

68

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 49.

S A N F R A N C IS C O .

ARGONAUT MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated January 31, 1891.)

E. G u n z b u b g e b , Secretary.

H . L e v y , Vice-President.

Fiscal year ended February 10, 1913.
Number of series, 10.

Number of members and investors, 71.

Number of shares, 381.
Liabilities.

Assets.

Installment shares, dues____ $22,164 00
Loans
on
mortgages
and
7,876 22
/ s h a r e s ---------- ------------- , — _ $54,150 00 Installment shares, profits___
Arrearages—
Advance p a y m e n ts __________
39 25
Overdrafts and bills payable- 15,644 52,
On s h a r e s ---------- $985 00
Reserve and undivided profits 11,266 52
On in t e r e s t _____ 1,007 50
Sundry ledger accounts_____
93 91
On premium ____ ! . 441 75
---------------------------- 2,434 25 other liabilities, suspense
All
2,500 00
luteal e s t a t e _____ ___________
1,925 56
Advances, personal accounts1,074 61
Total lia b ilitie s _________ $59,584 42

Total assets ___________ $59,584 42
Receipts for Fiscal Year.

Installment shares, dues-------- $4,972
Interest .____________________
4,454
premiums __________________ ,
1,520
F e e s -------------------------- ■
______
4
^.oans r e p a id ------------------------6,350
Overdrafts and bills payable- 11,644
Advances repaid, personal ac­
counts ____ _______ ___:-------395
S7
A ll other receipts-.___________

Disbursements for Fiscal Year.

Overdrafts and bills payable- $10,2:90 62
Loans
on
mortgages
and
6,400 00
s h a r e s _____________________
1,2:86 00
Interest p a i d ________________
Dues
repaid,
installment
shares .____ .____________
5,937 00
Profits
repaid,
installment
shares -------------------------------1,751 53
53
1,728 10
77 Advances, personal accountsSalaries _____________________
1,2:20 00
Taxes _______________________
641 97
Other e x p e n s e s ______________
174 47

00
79
18
90
00
52

Total r e c e ip t s __________ $29,429 69

Total disbursem ents____ $29,429 69

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

____________
_
13 _
_
___ —
14 _ _ -. _ ___ _
* ______
—
15 _ _ .. ___ __
_____
_
16 _
_________ —
17_ — .
________ _____
„ ______
19
________________
20 _ — . „
_____ „
___
2 1 ______ _______
__________________
—
22
____ .




Age in
months.

120
108
96
84
72
48
36
24
12

Total dues
per share.

Booh value
per share.

$120
108
96
84
72
48
36
24
12

$183
158
135
113
93
57
41
26
12

00
00
00
00
00
00
00
00
00

19
44
19
42
19
TO
05
83
59

Withdrawal
value.

$1.67
143
121
101
83
52
38
25
12

39
30
47
65
65
55
53
12
30

69

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No, 50.

SAN

F R A N C IS C O .

BAY CITY BUILDING AND LOAN ASSOCIATION.
(Incorporated May 9, 1889.)

E . G u nzbukger , Secretary.

H . L e v y , President.

Fiscal year ended May 26, 1913.
Number of series, 10.

Number of members and investors, 68.

Liabilities.

Assets.

Loans
on
mortgages
and
$56,108
shares
Arrearages—
On shares
$1,085 00
On interest
1,024 10
On p r e m iu m ____
447 60
2,556
Real estate
2,921
Advances, personal accounts430
Total assets

$21,336 00
Installment shares, dues
7,676 13
19 Installment shares, profits___
211 15
Advance payments
Overdrafts and bills payable 14,617 09
Reserve and undivided profits 18,101 15
Sundry ledger accounts
75 60
70
34
89

Total receipts

$62,017 12

Total liabilities

$62,017 12

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment shares, dues____
Interest
^Premiums
I ’ ees
Loans repaid
Overdrafts and bills payableAdvances repaid, personal accmmts

Number of shares, 389.

Overdrafts and bills payableLoans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
172 34
Advances, personal accountsSalaries
Taxes
Other expenses _

$5,541
4,011
1,743
10
15,450
4,117

00
80
05
30
86
09

$31,046 44

$4,239 21
19,447 35
419 90
4,277 00
742
30
1,210
562
117

97
72
00
29
00

Total disbu rsem en ts____ $31,046 44

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

15
16
17
18
19
20
21
22
23
24

Age In
months.

_

_

120
.
108
. _
-----__
96
_____ _________
— ____
84
.
________ ___
72
60
____
_ 4 8
___
_ _
36
24
_ 1 2




Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$187
161
137
115
94
75
57
41
26
12

00
00
00
00
00
00
00
00
00
00

32
53
56
21
43
23
56
26
31
59

Withdrawal
value.

$170
145
123
102
84
67
52
38
25
12

49
47
01
72
33
61
78
63
15
30

70

EXPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 51.

SAN

F R A N C IS C O .

BAY VIEW BUILDING AND LOAN ASSOCIATION.
(Incorporated November 18, 1911.)
H . E. R a h l m a n n , Secretary.

J a m e s A l l a n , President.

Fiscal year ended December 31, 1912.
Number of series, 1.

Number of members and investors, 36.

Assets.

Loans
on
mortgages
and
shares
Cash in office and bank
R eal estate, office building___

Total a s s e t s __

Liabilities.

Installment shares, dues____
$ 3 ,5 4 3 03 Installment shares, profits___
83 7 07 Paid-up and prepaid shares,
capital ___ __ _____ _______
47 8 43
Paid-up and prepaid shares,
dividends'
___ ____ ___
Reserve and undivided profits

Total receipts

Total liabilities

$4 ,858 53

Receipts for Fiscal Year.

Installment shares, dues_____
Paid-up and prepaid shares,
dues _
— ____
Interest _ _
____ __ ___
Fees
_____
____ _________
Loans repaid

Number of shares, 304.

-

-

$ 2 ,5 9 8 50
3 0 52
2 ,2 0 0 00
26 50
3 01
$ 4 ,8 5 8 53

Disbursements for Fiscal Year.

$ 2 ,687 50
2,2 00
' 175
32 7
206

00
68
00
97

Loans
on
mortgages
and
shares
_
________
Dues
repaid,
installment
shares
Taxes
— __
_____
Other expenses
All other disbursements, office
building
_ ___
Balance, cash in office and
bank
Total disbursem ents____

$ 5 ,5 9 7 15

$ 3 ,7 5 0 0 0
89 00
32 00
410 65
478 43
837 07
$ 5 ,597 15

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

1 ___________________________________________




Age in
months.

Total dues
per share.

Book value
per share.

12

$12 00

$12 16

Wi hdrawal
value.

$12 00

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 52.

SAN

71

F R A N C IS C O .

CALIFORNIA HOME BUILDING-LOAN COMPANY.
(Incorporated July 8, 1889.)

R . L. H a n d y , Secretary.

P. B . R oberts , President.
Fiscal year ended June 30, 1913.

Number of series, none.

Number of members and investors, 500.

Liabilities.

Assets.

Loans on mortgages and
shares ____________________ $568,349
Arrearages—
On in t e r e s t __________
315
Cash in office and bank-- 32,684
Real e s t a t e _____________
9,063
Furniture and fixtures_______
1,800
Advances, personal accounts6,417
All other assets_________
11

Number of shares, 2,065.

69
55
05
31
00
91
00

Total a s s e t s ____________ $598,641 51
Receipts for Fiscal Year.

Guarantee stock, capital____ $20,000
Guarantee stock, surplus, and
dividends u n p a i d _________
6,150
Installment shares, dues____ 33,536
Installment shares, profits___ 11,172
Paid-up and prepaid shares,
capital ____________________ 50,100
Paid-up and prepaid shares,
dividends _________________
6,538
Investment certificate, prin­
cipal ______________________ 433,927
Investment certificates, divi­
dends -------------------------------9,388
Overdrafts and bills payable- 11,000
Reserve and undivided profits
8,008
Loans due and incomplete___
8,078
Sundry ledger accounts_____
255
485
A ll other liabilities__________

00
00
00
44
00
16
69
61
00
04
98
66
93

Total liabilities ________$598,641 51
Disbursements for Fiscal Year.

Balance from last report____ $8,137 77 O verdrafts and bills payable- $61,000 00
9,510 20 Loans
on
mortgages
and
Installment shares, dues____
Paid-up and prepaid shares,
s h a r e s -------------------------------- 165,469 96
13,727 19
dues ______________________
2>500 00 Interest p a i d ________________
Investment c e rtifica te s _____ 238,980 30 Dividends on guarantee stock
2,172 00
Interest -------------------------------- 59,146 01 Dues
repaid,
installment
Premiums __________________
2,371 25
s h a r e s _____________________
9,515 50
Fines _______________________
269 42 Profits
repaid,
installment
Loans r e p a id ________________ 173,509 09
s h a r e s -------------------------------5,155 85
O verdrafts and bills payable- 44,000 00 Paid-up and prepaid shares,
Advances
repaid,
personal
dividends _________________
2,974 75
a c c o u n t s __________________
23,236 45 Investment certificates, prin­
A ll other receipts, real estate
cipal ---------------------------------- 236,466 20
sales, e t c . _________________
12,737 04 Investment certificates, divi­
dends _____________________
8,696 88
Advances, personal accounts- 20,080 79
Salaries _____________________
9,360 00
T axes _______________________
3,843 75
Other e x p e n s e s ______________ 10,143 88
All other disbursements, real
estate, e t c . ________________
13,106 73
Balance, cash in office and
bank ____________________ — 12,684 05
Total r e c e ip ts __________ $574,397 53

Total disbursem ents____ $574,397 53

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

D ayton plan.
Dues, 60 cents per share per month.
Dividend, last fiscal year, 10 per cent.
Book value, dues plus dividend.
W ithdrawal value, dues plus | of profits.




72

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 53.

SAN

F R A N C IS C O .

CALIFORNIA MUTUAL SAVINGS FUND LOAN AND BUILDING
ASSOCIATION.
(Incorporated March 26, 1887.)
W m . E. B o uto n , Secretary.

R ichard I. W h e l a n , President.

Fiscal year ended March 31, 1913.
Number of series, 14.

Number of members and investors, 47.

Number of shares, 535.
Liabilities.

Assets.

Loans
on
mortgages
and
shares ______________________ $39,540
Arrearages—
441
On in te r e s t_______________
Cash in office and bank______ A 1,110
Real estate _________________
80
Advances, personal accounts246

41
00
40
00
43

Installment shares, dues_____ $19,912 01
Installment shares, profits___
3,870 85
Advance p a y m e n ts __________
65 29
Overdrafts and bills payable- 10,000 00
Reserve and undivided profits
7,236 03
Loans due and incomplete__
112 50
A ll other liabilities__________
221 56
Total liabilities ________$41,418 24

Total a s s e t s ____________ $41,418 24

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment shares, dues_____
$6,328 80 Overdrafts and bills payableon
mortgages
and
3,831 08 Loans
Interest ______ .______________
shares _____________________
Fines ------------------------------------5 46
Fees
___.____________________
7 90 Interest p a i d ________________
repaid,
installment
Loans r e p a id _____ .__________
15,870 95 Dues
s h a r e s _____________________
Overdrafts and bills payable5,000 00
Profits
repaid,
installment
Advances repaid, personal ac­
s h a r e s _____________________
11 07
counts -------------------All other receipts_____ _____
1,664 42 Advances, personal accountsSalaries ______________
Taxes _____ _____ l
___________
Other expenses ______________
A ll other disbursements___:__
Balance, cash in office and
bank __________
Total receipts

$32,719 68

$6,821 86
6,944 35
874 66
12,434 35
2,714
9
1,045
475
3 06
3.83

29
37
00
18
72
50

1,3.10 40

Total disbursem ents____ $32,719 68

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

32
.
__________ _
34
_ _ _
_.
35 _
40_ ______ _
42
____
____
.
46 _
— • _
49____ ____
_
51— —




Age in
months.

_

_

-

126
114
108
78
60
36
24
12

Total dues
per share.

Book value
per share.

$126
114
108
78
60
36
24
12

$189
164
152
100
73
40
26
12

00
00
00
00
00
00
00
00

50
45
64
21
27
98
34
65

Withdrawal
value.

Dues plus
profits
as per
by-laws.

73

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 54.

S A N F R A N C IS C O .

CITIZENS BUILDING AND LOAN ASSOCIATION.
(Incorporated January 14, 1885.)
F kem ont W

ood,

Secretary.

T

M. G a r d i n e r , President.

homas

Fiscal year ended February 28, 1913.
Number of series, 45.

Number of members and investors, 1,236.

Assets.

Number of shares, 8,269.
Liabilities.

Loans
on
mortgages
and
shares _____________________ $470,557
Arrearages—
On shares ----------- $752 20
On in t e r e s t _____1,540 08
On fines, fees,
etc.908 05
-------------3,200
Cash in office and bank______
3,631
Real estate _________________
17,036
Furniture and fixtures______
400
Advances, personal accounts993
All other assets______________
939

Installment ishares, dues____ ,-$297,810
33 Installment shares, profits___ 66,536
2,032
Advance p a y m e n ts __________
O verdrafts and bills payable- 97,441
Reserve and undivided profits 20,497
Loans due and incomplete___ 10,805
33 Sundry ledger accounts_____
45
74 A ll other liabilities__________
1,589
76
00
93
43

90
67
64
71
46
15
11
88

Total lia b ilitie s _________ $496,759 52

Total a s s e t s ____________ $496,759 52

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report-;___ $1,000 00 Overdrafts and bills payable_$170,119
mortgages
and
Installment shares, dues_____
59,535 00 Loans on
s h a r e s __,__________________ 116,454
31,272 71
Interest — ____
1,096
Fines ____
539 56 Interest p a i d ________________
repaid,
installment
Fees ________________________
147 90 Dues
shares _______ __ :__________
71,213
Lbans repaid ____________
147,111 46
repaid,
installment
Overdrafts and bills payable- 153,540 62 Profits
s h a r e s _____________________ 23,424
Advances repaid, personal ac­
2,031 75 Advances, personalaccountscounts ---------------------------- —
1,534
3,651
A ll other receipts____________
2,845 08 Salaries - ____________________
T h x e s ____ ____________
3,045Other e x p e n s e s ______________
2,822
A ll other disbursements_____
1,029
Balance, cash in office and
bank ______________________
3,631
Total r e c e ip t s __________ $398,024 08

72
24
78
70
18
50
00
98
39
85
74

Total disbu rsem en ts____ $398,024 08

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

72
76 _
80
84_

Age in
months.

_

- -

__

___________ _____

-

88

9296
100
104
108

_
_

-




_

.

_

_

_ _

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$165
143
123
104
86
69
53
39
25
12

00
00
00
00
00
00
00
00
00
00

59
52
55
37
42
72
90
53
65
55

Withdrawal
value.

$154
134
116
99
82
67
52
38
25
12

41
47
34
24
16
27
43
64
22
34

74

DEPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 55.

SAN

F R A N C IS C O .

EMPIRE BUILDING AND LOAN ASSOCIATION.
(Incorporated August 24, 1889.)

W m . E. B o uton , Secretary.

M a k io n L eventk it t , President.

Fiscal year ended August 31, 1912.
Number of series, 17.

Number of members and investors, 53.

Number of shares. 716.

Assets.
Liabilities.
Loans
on
mortgages and
Installment shares, dues____ $27,764 00
shares
$60,941 01 Installment shares, profits___
4,987 21
Arrearages—
350 00
Advance payments
Overdrafts and bills payable- 21,602 30
On shares
_
$5 00
On interest ____ 359 35
Reserve and undivided profits
6,000 00
364 35 Loans due and incomplete___
600 00
Advances, personal accounts40 15 All other liabilities, interest
4 2 00
on bills payable
Total assets

$61,345 51

Total liabilities

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Interest _____________________
Fines _______________________
Fees ________________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances
repaid,
personal
a c c o u n t s __________________
A ll other receipts, real estate
s o l d ------------------------------------

$61,345 51

Disbursements for Fiscal Year.

$§56
6,586
4,666
102
25
11,344
17,202

28
55
94
50
20
00
30

O verdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s -------------------------------Profits
repaid,
installment
s h a r e s _____________________
34 00 Advances, personalaccountsSalaries _____________________
6,254 43 Taxes _______________________
Other e x p e n s e s ______________
A ll other disbursements_____

Total r e c e ip t s __________ $47,172 20

$4,500 00
22,700 00
839 07
12,635 00
3,647
58
1,077
708
214
791

41
48
50
16
90
68

Total disbu rsem en ts____ $47,172 20

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

14
15
16
17
18
19
20
21
24
28

Age in
months.

-

-

-

-

.




_

__

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$167
146
126
107
89
71
55
40
25
12

00
00
00
00
00
00
00
00
00
00

27
32
32
24
11
91
65
33
95
47

Withdrawal
vaj.ue.

Dues plus
profits
as per
by-laws.

75

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 56.

S A N F R A N C IS C O .

EUREKA BUILDING AND LOAN ASSOCIATION.
■
W

m

. E. B

outon,

(Incorporated November 3, 1890.)

Secretary.

G eo. F

r e d r ic k s ,

President.

Fiscal year ended October 31, 1912.
Number of series, 13.

Number of members and investors, 43.

Assets.

Number of shares, 458.

Liabilities.

Loans
on
mortgages
and
shares
_____ ___ ___
$32,528
Arrearages—
On shares — __$214 30
544 00
On in t e r e s t _____
758
Cash in office and bank
4,023
Advances, personal accounts165
Total assets _

59

30
63
50

$18,584 40
Installment shares, dues
Installment shares, profits—
4,679 18
Advance payments _
41 30
Overdrafts and bills payable9,300 00
Reserve and undivided profits
4,394 56
Loans due and incomplete___
342 67
A ll other liabilities, interest
on bills payable
133 91
Total liabilities

$37,476 02

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues___
Interest ______ .______________
Fines _______________________
Fees -------------------------------------Loans r e p a id ________________
Advances
repaid,
personal
a c c o u n t s __________________
A ll other receipts___________

_

-

$37,476 02

Disbursements for Fiscal Year.

$6,068
2,993
2,507
30
4
4,999

09
80
90
00
50
45

Overdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
shares _____________________
Profits
repaid,
installment
61 55
s h a r e s _____________________
273 61 Advances, personal accountsSalaries ______
T a x e s ____ ^__________________
Other e x p e n s e s ______________
Balance, cash in office and
bank ______________________

Total r e c e ip ts __________ .$16,938 90

$2,700 00
7,009 10
600 00
1,101 30
257
106
744
352
44

50
50
00
66
21

4,023 63

Total disbu rsem en ts__— $16,938 90

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

23 _
26
28
30
33
34 _
36
3839

Age in
months.

_

..

_ _

-




_

_
_____
_ _

__

126
108
96
S4
54
48
36
24
12

Total dues
per share.

Book value
per share.

$126
108
96
84
54
48
36
24
12

$173
139
119
101
61
53
39
25
12

00
00
00
00
00
00
00
00
00

00
63
48
16
13
52
04
33
32

Withdrawal
value.

Dues plus
dividends
as per
by-laws

76

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 57.

SAN

F R A N C IS C O .

FAIRMOUNT LOAN ASSOCIATION.
(Incorporated March 2, 1891.)
J o h n H . G bady , Secretary.

J o h n H . D a w s o n , President.

Fiscal year ended April 30, 1913.
Number of series, 12.

Number of members and investors, 29.

Assets.

Liabilities.

Loans
on mortgages and
shares _
$15,579
Arrearages—
On shares
$380 50
On in t e r e s t _____
138 00
On p r e m iu m ____
38 00
556
Cash in office and bank
529
Advances, personal accounts95
A ll other assets _
65
Total assets

Installm ent. shares, dues____
89 Installment shares, profits___
Advance payments
.. _
Reserve and undivided profits
Sundry ledger accounts, ma­
tured shares -____
50
60
50
00

___ __ $16,826 49

Total liabilities

$7,467
2,779
2
1,283

25
79
50
90

5,293 05

_____ $16,826 49

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues
Interest _ _
_
Premiums
Loans repaid
_ _...
Advances
repaid,
personal
accounts
A ll other receipts

Total receipts

Number of shares, 101.

92 Interest paid
repaid,
installment
25 Dues
shares
40
repaid,
installment
00 Profits
shares
^ __
00
Advances, personal accounts1,330 SO Salaries
3,775 10 Taxes
Other expenses
Balance, cash in office and
bank
_ _

$529
1,977
1.969
400
16,700

„ _ $26,682 87

$71 80
10,534 50
5,008
9,454
607
193
284

21
00
50
25
01

529 60

Total disbursem ents____ $26,682 87

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

24________________________________________
27________________________________________
29________________________________________
31________________________________________
35________________________________________
38________________________________________
40________________________________________




Age in
months.

Total dues
per share.

125
107
95
83
59
41
17

$125
107
95
83
59
41
17

00
00
00
00
00
00
00

Book value
per share.

$186
150
128
108
72
47
18

39
66
75
40
03
56
24

Withdrawal
value.

$186 39
150 66
128 75
108 40
72 03
47 56
18 24

77

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 58.

S A N F R A N C IS C O .

FIDELITY BUILDING AND LOAN ASSOCIATION.
(Incorporated March 19, 1887.)

W m . E. B o uto n , Secretary.

W m . A. B aklage , President.

Fiscal year ended March 31, 1913.
Number of series, 28.

Number of members and investors, 127.

Number of shares, 1,490.
Liabilities.

■ Assets.

Loans
on
mortgages
and
shares
^---------------------------$136,641
Arrearages—
On s h a r e s
___ $65 00
On in t e r e s t
: 4,238 72
-------------4,303
Cash in office ahd bank_____
18
Real e s t a t e _______________
8,500
Advances, personal accounts293

22

72
65
00
59

Installment shares, dues___ _ $61,540 00
Installment shares, profits_... 14,045 67
30 00
Advance p a y m e n ts_________ a
Overdrafts and bills payable- 50,145 15
Reserve and undivided profits 20,783 05
Loans due and incomplete___
1,200 00
All other liabilities, suspense,
interest, t a x e s _____________
2,013 31

Total a s s e t s ___ _:_______ $149,757 18

Total liabilities ________$149,757 18

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Interest _____________
Premiums _______________
F i n e s ________________
F e e s --------------------------- :_____
Loans r e p a id ________________
Overdrafts and bills payableAdvances
repaid,
personal
accounts ________
A ll other receipts_____________

Disbursements for Fiscal Year.

$2,718
14,081
10,610
120
272
25
11,778
8,649

50
60
89
00
85
00
04
65

Overdrafts and bills payable- $16,004
Loans
on
mortgages
and
s h a r e s _____________________
7,460
Interest p a i d ------------------------3,527
Dues
repaid,
installment
s h a r e s _____________________ 14,462
Profits
repaid,
installment
s h a r e s _____________________
4,189
Advances, personal accounts381
1,436 75 Salaries _____________________
1,965
530 80 T axes _______________________
1,455
271
Other e x p e n s e s ______________
All other disbursements, real
estate expense -----------------487
Balance, cash in office and
b a n k ------ ------------------------------------- 18

Total receipts----------- ---- $50,224 08

50
00
06
20
95
31
00
88
70
83
65

Total disbursem ents____ $50,224 08

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.,

24 — .
26 28
30 _
32
34 36
39 _
43
47 _

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
96 00
84 00
72 00
60 00
48 00
36 00
24 00
1 2 ,0 0

$178
155
133
112
93
74
57
41
26
12

08
08
24
56
02
64
40
32
40
57

Withdrawal
value.

Dues plus
profits
as per
by-laws.

78

REPORT ON B U ILD IN G AND LOAN ASSOCIATIONS.

No. 59.

S A N F R A N C IS C O .

FRANKLIN MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated October 23, 1906.)
B. F edde , Secretary.

O tto F. E. B u rm e ISTEB, President.
Fiscal year ended December 31, 1912.

Number of series, none.

Number of members and Investors, 269.

Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s _____________$187,247
Arrearages— ■
On in t e r e s t ______
865
Cash in office and bank______
Furniture and fixtures_____ —
Advances, personal accounts-

71
58
4,449 32
600 00
279 55

Total a s s e t s ------------------- $193,442 16
Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Paid-up and prepaid shares,
dues ______________________
Investment ce r tific a te s _____
Interest _____________________
Fines _______________________
Fees ________________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances repaid, personal ac­
counts _____________________
A ll other receipts____________

Number of shares, 3,370.

Installment shares, dues------ $91,365 87
Installment shares, profits—
11,537 68
Paid-up and prepaid shares,
capital ____________________ 56,200 00
Paid-up and prepaid shares,
dividends _________________
1,567 59
Investment certificates, prin­
cipal ______________________
16,000 00
Investment certificates, divi­
80 82
dends _____________________
Advance p a y m e n ts ---------------86 80
Overdrafts and bills payable9,000 00
Reserve and undivided profits
2,627 53
Loans due and incomplete___
4,975 87
Total lia b ilitie s _________ $193,442 16
Disbursements for Fiscal Year.

$3,020 17 Overdrafts and bills payable- $23,000 00
on
mortgages
and
35,707 51 Loans
s h a r e s _____________________ 51,882 17
997 48
8,600 00 Interest p a i d ________________
repaid,
installment
16,000 00 Dues
s h a r e s _________
36,748 64
13,871 52
repaid,
installment
22 40 Profits
s h a r e s _____________________
2,759 28
163 50
61,524 88 Paid-up and prepaid shares,
capital ____________________ 23,800 00
12,000 00
Paid-up and prepaid shares,
3,347 64
dividends _________________
2,456 07
60 00 Investment certificates, divi­
dends _____________________
105 00
Advances, personal accounts2,559 36
Salaries _____________________
1,984 00
Taxes _______________________
^84 01
Other e x p e n s e s _____________
1,503 15
A ll other disbursements_____
6 00
Balance, cash in office and
bank ______________________
4,449 32

Total r e c e ip t s --------------- $153,426 05

Total disbursem ents____ $153,426 05

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 5 per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.




79

REPORT O X B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 60.

SAN

F R A N C IS C O .

GLOBE MUTUAL BULDING AND LOAN ASSOCIATION.
(Incorporated March 30, 1898.)
A . R . K noll , Secretary.

F r a n k O t is , President.
Fiscal year ended March 31, 1913.

Number of series, 21.

Number of members and Investors, 149.

Number of shares, 2,222.
Liabilities.

Assets.

Installment shares, dues-------- $24,725 40
Loans
on
mortgages
and
5,378 25
s h a r e s _____________________ $115,517 61 Installment shares, profits----Paid-up and prepaid shares,
Arrearages—
capital ____________________ 58,900 00
On s h a r e s _____ _ $69 40
Paid-up and prepaid shares,
706 19
On in t e r e s t _____
2,356 00
dividends _________________
— ---------775 59
Advances, personal accounts48 05 Investment certificates, prin­
cipal ______________________
300 00
Investment certificates, divi­
dends _____________________
7 50
Advance p a y m e n ts ---------------1,173 00
Overdrafts and bills payable226 79
Reserve and undivided profits 11,534 17
Loans due and incomplete----8,873 17
A ll other liabilities, tax re­
serve ______________________
2,866 97
Total a s s e ts ------------------- $116,341 25

Total lia b ilitie s _________ $116,341 25
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment shares, dues
Paid-up and prepaid shares,
dues
Interest
Premiums, commissions
Fines
Fees
___ —
Loans repaid
Overdrafts and bills payableAdvances repaid, personal accounts

Total receipts

$8,610 65 Overdrafts and bills payableLoans
on
mortgages
and
400 00
shares
9,293 36 Interest paid
324 40 Dues
repaid,
installment
118 05
shares
- —
- 28 95 Profits
repaid,
installment
31,172 01
shares - _
226 79 Paid-up and prepaid shares,
capital
70 82 Paid-up and prepaid shares,
dividends
Advances, personal accountsSalaries
Taxes
Other expenses
$50,245 03

$400 71
31,290 62
178 25
7,265 00
3,198 45
500 00
4,706
34
1,405
783
483

00
00
00
16
84

Total d isb u rsem en ts___ $50,245 03

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

Age in
months.

19—

120
111
99
78
72
60
42
36
24
12

22 _ _
26—
30—
31—
33—
36—
37—
39—
41—




Total dues
per share.

$60
55
49
39
36
30
21
18
12
6

00
50
50
00
00
00
00
00
00
00

Book value
per share.

$85
77
67
50
45
36
24
20
13
6

60
51
03
03
43
58
20
35
03
26

Withdrawal
value.

$80
72
63
47
42
34
23
19
12
6

47
86
01
03
71
39
00
04
77
20

80

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 61.

S A N F R A N C IS C O .

HOME MUTUAL DEPOSIT LOAN COMPANY.
(Incorporated April 30, 1885.)

A. R . K n o ll , Secretary.

G eo . M . M it c h e l l , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 213. Number of shares, 1,094.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s ______ - ________ ____ $248,788
Arrearages—
On in t e r e s t _______________
1,317
216
Cash in office and bank__ . ___
Real estate _.________________
7,671
Furniture and fixtures_______
250
Advances, personal accounts567

12
70
65
42
00
55

Total a s s e t s ____________ $258,811 44
Receipts for Fiscal Year.

Balance from last report_____
Installment shares,dues______
Paid-up and prepaid shares,
dues ______________________
Investment ce r tific a te s -------- .
Interest _____________________
Premiums __________________
Fines _______________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances
repaid,
personal
a c c o u n t s _________ ____ ____
A ll other receipts-------------------

Guarantee stock, capital____ $25,000
2,500
Guarantee stock, surplus____
Installment shares, dues____ 39,436
Installment shares, profits___ 11,700
Paid-up and prepaid shares,
capital ____________________ 53,800
Paid-up and repaid shares,
dividends _________________
1,490
Investment certificates, prin­
cipal ______________________
91,112
Investment certificates, divi­
dends _____________________
80
Overdrafts and bills payable4,70*1
Reserve and undivided profits 17,400
Loans due and incomplete___
8,175
S-undry ledger accounts_____
148
A ll
other
liabilities,
tax
reserve, e t c . _______________
3,187

00
95
20
(X)
34
88
55
50
06

Total lia b ilitie s _________ $258,811 44
Disbursements for Fiscal Year.

$318 93 Overdrafts and bills payable$824 81
on
mortgages
and
8,450 35 Loans
_
s h a r e s ______________: ______ 108,383 13
203 10
6,950 00 Interest p a i d _____________
2,500 00
50,844 40 Dividends on guarantee stock
18,489 88 Dues
repaid,
installment
s h a r e s _____________________ 12,701 80
328 46
repaid,
installment
120 36 Profits
98,545 62
s h a r e s -------------------------------2,299 25
4,701 34 Paid-up and prepaid shares
capital -----------------------------3,480 00
2,080 62 Paid-up and prepaid shares,
dividends _________________
2,470 80
500 00
Investment certificates, prin­
cipal ---------------------------------- 49,759 50
Investment certificates, divi­
dends _____________________
1,930 96
Advances, personal accounts1,876 21
Salaries _____________________
3,182 50
Taxes _______________________
473 10
Other e x p e n s e s ______________
800 43
A ll other disbursements_____
227 72
Balance, cash in office and
bank ______________________
216 65

T otal r e c e ip t s ----------------$191,329 96

Total disbursem ents____ $191,329 96

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

D ayton plan.
Dues, $1.00 per. share per month.
Dividend, last fiscal year, 5 per cent.
B ook value, dues plus dividend.
W ithdraw al value, dues plus 95 per cent of profits.




00
00
56
47

REPORT OX B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 62.

81

SAN FRANCISCO.

MECHANICS’ BUILDING AND LOAN ASSOCIATION.
(Incorporated January 6, 1891.)

W . E. B o u t o n , Secretary.

F

r e d e r ic k

F i l l m o r e , President.

Fiscal year ended December 31, 1912.
Number of series, 20.

Number of members and investors, 74.

Assets.

Number of shares, 956.
Liabilities.

Loans
on
mortgages
and
Installment shares, dues____ $44,355 00
s h a r e s ______________________ $87,842 57 Installment shares, profits___
9,500 89
Arrearages—
Advance p a y m e n ts __________
43 35
On in t e r e s t _________ ___ , _
_
429 73 Overdrafts and bills payable- 31,752 92
Real e s t a t e _________________
3,750 00 Reserve and undivided profits
5,200 00
Advances, personal accounts57 30 Loans due and incomplete___
406 80
All other liabilities__________
820 64
Total a s s e ts _____________$92,079 60 j

Total liabilities ________$92,079 60

Receipts for Fiscal Year.

Installment shares, dues___
Interest _____________________
Fines _____________
Fees _________________________
L oans r e p a id ________________
Overdrafts and bills payableAll other receipts___________

$8,411
7,464
46
25
41,470
1,002
5

Disbursements for Fiscal Year.

34
11
00
50
47
92
50

Overdrafts and bills payableLoans
on
mortgag.es
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s _____________________
Paid-up and prepaid shares,
capital ____________________
Advances, personal accountsSalaries _____________________
Taxes __________
Other e x p e n s e s ______________

$4,081 75
35,300 00
2,118 32
11,440 00
1,308 56
2,000 00
32 80
1,134 00
719 47
290 94

Total disbursem ents____ $58,425 84

Total r e c e ip ts __________ $58,425 84

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

20_
22
26
27
29
31
36
40




Age in
months.

120
108
S4
72
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
84
72
48
36
24
12

$173
151
110
91
56
40
26
12

00
00
00
00
00
00
00
00

78
60
44
46
71
93
22
54

Withdrawal
value.

Dues plus
profits
as per
by-laws.

82

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 63.

S A N F R A N C IS C O .

MISSION HOME AND LOAN ASSOCIATION.
(Incorporated' March 12, 1889.)
J o h n H . G bady , Secretary.

J o h n H . D a w s o n , President.

Fiscal year ended March 31, 1913.
Number of series, 8.

Number of members and investors, 24.

Assets.
Loans
on
mortgages
and
shares - _ _
$14,009
Arrearages—
On shares
$354 25
On interest _
318 15
On p rem iu m s____ 142 75
815
Cash in office and bank
151
Real estate
_
6,865
Total assets

_

_

Liabilities.
Installment shares, dues
_
61 Installment shares, profits___
Paid-up and matured shares,
capital
_
Reserve and undivided profits

T otal receipts

$923
1,129
255
5,800
2,672

$4,386 00
931 03
14,697 55
1,826 88

15
47
23

$21,841 46

Receipts for Fiscal Year.
Installment shares, dues
__
_
Interest _
Premiums
_
Loans repaid
_
A ll other receipts
_
_ _

Number of shares, 66.

00
78
40
00
06

$10,780 24

Total liabilities

$21,841 46

Disbursements for Fiscal Year.
Overdrafts and bills payable- $2,945
----361
Interest paid
Dues
repaid,
installment
shares
5,296
Profits
repaid,
installment
shares _ _
—
_
1,052
Salaries
165
Taxes 295
Other expenses
143
A ll other disbursements368
Balance, cash in office and
bank ■
__
_ _
151

95
35
50
87
00
70
20
20
47

Total disbursem ents____ $10,780 24

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

Serial
No.

27 _
28—
30 —
31 _
32 _
33
41—

-

-

-

_

_
_ _ _
_
_____
_______




___________
. __

—
__

months.
114
108
96
90
84
78
30

Total dues
per share.

Book value
per share.

$114
108
96
90
84
78
30

$1 43
193
115
106
98
90
32

00
00
00
00
00
00
00

57
95
64
93
53
38
02

Withdrawal
value.

$135
125
109
103
94
86
31

66
01
11
50
29
87
00

REPOET ON B U ILD IN G 4 N D

No. 64.

83

LOAN ASSOCIATIONS.

S A N F R A N C IS C O .

OCCIDENTAL LOAN ASSOCIATION.
(Incorporated August 25, 1885.)
E. G u n z b e r g e r , Secretary.

E. M a s s a g e r , Vice-President.

Fiscal year ended August 28, 1912.
Number of series, 10.

Number of members and investors, 81.

Assets.

Liabilities.

Loans
on
mortgages
and
shares ---------------------------------- $82,232
Arrearages—
On s h a r e s _______ $3,079 00
On in te r e s t______ 3,430 80
On p r e m iu m ____ 1,120 20
-------------7,630
Real estate _________________
650
Advances, personal accounts2,325
Total assets

Installment shares, dues_____ $42,660 00
54 Installment shares, profits___ 15,932 05
5 00
Advance payments _________
|Overdrafts and bills payable- 18,038 10
Reserve and undivided profits 16,098 83
A ll other liabilities__________
104 05
00
08
41

$92,838 03

Total liabilities

Receipts for Fiscal Year.

Installment shares, dues
Interest
Premiums
Fees
Loans repaid
Overdrafts and bills payableAdvances repaid, personal accounts
_ _
All other receipts

Total

Number of shares, 686.

receipts

$92,838 03

Disbursements for Fiscal Year.

$9,322
6,122
1,888
8
12,280
5,958

00
33
10
90
00
10

Overdrafts and bills payableLoans
on
mortgages
and
shares
Interest paid
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
680 08
194 91 Advances, personal accountsSalaries
Taxes
Other expenses

$36,454 42

$4,844 58
17,100 00
926 46
7,728 00
2,835
450
1,620
814
135

81
35
00
22
00

Total disbu rsem en ts____ $36,454 42

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
_ 8 4
72
60
48
36
_
24
_ _
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$189
163
139
116
94
75
57
41
26
12

00
00
00
00
00
00
00
00
00
00

98
92
23
14
77
13
27
05
22
58

Withdrawal
value.

$172
147
124
103
84
67
52
38
25
12

48
14
10
28
50
56
63
52
10
29

84

REPORT

B U ILD IN G A N D LOAN ASSOCIATIONS.

ON

No. 65.

SAN

F R A N C IS C O .

PACIFIC LOAN ASSOCIATION.
(Incorporated December 8, 1884.)

E. G u n z b u r g e b , Secretary.

H. L e v y , President.

Fiscal year ended December 4, 1912.
Number of series, 11.

Number of members and investors, 41.

Assets.

Nnumber of shares, 333.
Liabilities.

Loans
on
mortgages
and
shares _____________________ $37,281
Arrearages—
On s h a r e s ______$869 00
231 55
On in t e r e s t ____
On p r e m iu m ___
308 55
1,404
Cash in office and bank.
915
7,639
Real estate ____________
T otal assets

Installment shares, dues____ $29,33 8 00
27 : Installment shares, profits___
8,769 85
; Advance p a y m e n ts__________
SO 00
j'Overdrafts and bills payable150 00
Reserve and undivided profits
8,888 02
Sundry ledger accounts_____
84 50
10 !
98 ;
02
Total liabilities

$47,240 37

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues____
Interest
Premiums
Pees
Loans repaid _
_ _
O verdrafts and bills payableA ll other receipts

Total receipts _

$47,240 37

$1,392
4,820
2,902
601

31
00
95
55
40
5,977 65
150 00
139 51

O verdrafts and bills payableLoans
on
mortgages
and
shares
Dues
repaid,
installment
shares
Profits
repaid,
installment
shares
Salaries
Taxes
Other expenses
A ll other disbursements
Balance, cash in office and
bank

$15,984 40

$5,000 00
1,618 80
5,870 00
352
1,355
472
105
294

56
00
50
50
06

915 98

Total disbursements -___ $15,984 40

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.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$171
148
126
106
87
69
53
38
25
12

00
00
00
00
00
00
00
00
00
00

66
38
65
30
37
92
82
99
52
39

Withdrawal
value.

$158
136
115
97
SO
34
50
37
24
12

74
26
92
38
45
96
91
50
76
20

85

REPORT OP TH E BUILDING AND LOAN ASSOCIATION.

No. 66.

SAN

F R A N C IS C O .

PACIFIC STATES SAVINGS AND LOAN COMPANY.
(Incorporated June 14, 1889.)
W . S. P akdy , Secretary.

F erd. R e is , J r ., President.

Fiscal year end'ed December 31, 1912.
Number of series, 59. Number of members and investors, 1,719.

Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________ $979,492
Arrearages—
On s h a r e s ______ $3,263 50
On in t e r e s t ____ 5,610 56
-------------8,874
Cash in office and bank_____
54,756
79,864
Real e s t a t e _________________
Furniture and fixtures_______
1,921
Advances, personal accounts2,162
All other assets______________
493

Total assets.

Number of shares, 7,887.

63

06
78
70
05
97
70

Installment shares, dues_____ $147,028
Installm ent shares, profits___ 57,914
Paid-up and prepaid shares,
capital _____________________ 218,710
Paid-up and prepaid shares
dividends _________________
68,921
Investment certificates, prin­
cipal _________ 1____________ 398,499
Investment certificates, divi­
dends _____________________ 29,335
Advance p a y m e n ts __________
5,666
Reserve and undivided profits 134,063
Loans due and incomplete___ 48,984
Sundry ledger accounts_____
5,361
All
other
liabilities,
tax
revenue, e t c . ______________ 13,080

00
70
33
72
80
98
50
00
20

Total liabilities ______ $1,127,565 89

$1,127,565 89

Receipts for Fiscal Year.

40
26

Disbursements for Fiscal Year.

Balance from last report____ $9,966 51 ‘ Overdrafts and bills payable- $5,000 00
Installment shares, dues____ 44,649 65 Loans
on
mortgages
and
Investment ce r tific a te s _____ 189,558 74 : s h a r e s ______________________ 297,245 67
Interest __________________ __ 108,240 23 , Interest p a i d ________________
9 05
Fines _______________________
765 90 j Dues
repaid,
installment
Loans repaid _______________ 333,541 92
s h a r e s ______________________ 94,734 25
O verdrafts and bills payable5,000 00 Profits
repaid,
installment
Advances
repaid,
personal
shares _____________________ 40,907 87
accounts __________________
9,242 08 ; Paid-up and prepaid shares,
All other receipts___________
36,899 95 ! capital _____________________
8,440 00
Paid-up and prepaid shares,
j dividends __________________
12,947 45
j Investment certificates, prin| cipal _______________________ 125,715 06
Investment certificates, divi­
dends _____________________
11,762 85
Advances, personal accounts- 10,390 51
Salaries
_ 14,488 60
Taxes
5,007 99
Other expenses
13,834 59
A ll other disbursements
_ 42,624 31
Balance, cash in office and
bank
54,756 73
Total receipts

Serial
No.

$737,864 98

Total disbursements ____ $737,864 98

Installment Shares, With Age, Value, and Withdrawal Value.
Age In
Total dues
Loan fund dues
Book value
months.
per share.
per share.
per share.

Class “ C .” Dues 60 cents per
share per month.




118
108
96
84
72
60

$70
64
57
50
43
36

SO
80
60
40
20
00

$70
64
57
50
43
36

80
80
60
40
20
00

$100
89
76
64
53
42

85
46
63
64
43
95

Withdrawal
value.

$100
83
71
61
50
41

85
29
87
08
87
21

86

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 67;

S A N F R A N C IS C O .

PROGRESS MUTUAL LOAN ASSOCIATION.
(Incorporated December 31, 1894.)

N. S teinberger , Secretary.

J a m e s A . W h i t e , President.

Fiscal year ended December 31, 1912.
Number of series, 9.

Number of members and investors, 143.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________
Arrearages—
On s h a re s ________
$2 00
25 32
On in te re s t______
Advances, personal accountsA ll other assets--------------------Total assets

Number of shares, 1,209.
Liabilities.

Installment shares, dues_____ $38,067 60
177,242 78 Installment shares, profits___
8,130 39
Paid-up and prepaid shares,
capital ------------- ----------------4,000 00
Overdrafts and bills payable- 24,039 63
2,632 73
27 32 Reserve and undivided profits
500 00
40 25 Loans due and incomplete___
60 00
$77,370 35

Total liabilities

Disbursements for Fisca. Year.

Receipts for Fiscal Year.

Installment shares, dues______
$9,405
Interest _____________________
6,211
38
Fines _____ :_________________
Fees ________________________
25
Loans r e p a id ________________
16,257
Overdrafts and bills payable- 24,039
Advances repaid, personal ac­
counts ____________________
116

$77,370 35

O verdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
shares _____________________
Profits
repaid,
installment
s h a r e s _____________________
30
Advances, personal accountsSalaries _____________________
Taxes -----------------------------------Other e x p e n s e s ______________
All other disbursements_____

30
84
96
30
85
63

Total r e c e ip t s __________ $56,095 18

$9,690 00
30,34 5 70
1,388 75
10,628 90
1,774
116
1,139
532
465
13

48
45
00
70
95
25

Total disbursem ents____ $56,095 18

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

9 _______________
11_ _ ____ 12
______
13
_
14
__
15
16
_
17
—
18_
—




Age In
months.

___________________ ___
_______ __
_____
__ _ _
_ _ .
____
.

__________

_

120
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
96
84
72
60
48
36
24
12

$165 70
123 25
104 22

00
00
00
00
00
00
00
00
00

86 68

70
54
39
25
12

29
65
76
71
45

Withdrawal
vs.lue.

$165
121
101
133
67
52

00
00
60
75
50
80

!38 7 0

25 20
12 00

87

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 68.

S A N F R A N C IS C O .

PROVIDENT MUTUAL LOAN ASSOCIATION.
(Incorporated September 24, 1887.)

N. S t e i n b e r g e r , Secretary.

Sam uel W

e il ,

President.

Fiscal year ended September 30, 1912.
Number of series, 11.

Number of members and investors, 233.

Number of shares, 2,860.
Liabilities.

Assets.

Installment shares, dues-------- $98,527 20
Loans
on
mortgages
and
s h a r e s _____________________ $179,431 13 Installment shares, profits----- 21,658 36
Furniture and fixtures_______
225 00 Paid-up and prepaid shares,
capital ____________________
2,000 00
Advances, personal accounts133 25
Overdrafts and bills payable- 48,712 29
Reserve and undivided profits
4,691 53
Loans due and incomplete----3,100 00
A ll other liabilities, tax re­
serve —
__________
1,100 00
Total assets ___________ $179,789 38
Receipts for Fiscal Year.

Installment shares, dues-------- $22,926
Paid-up and prepaid shares,
dues ---------------------------------1,000
Interest -------------------------------- 14,340
Fines -----------------------------------45
Fees ________________________
55
Loans r e p a id ________________
31,027
O verdrafts and bills payable- 38,712
Advances repaid, personal ac­
counts _____________________
503
A ll other receipts___________
12

Total lia b ilitie s _________ $179,789 38
Disbursements for Fiscal Year.

90 Overdrafts and bills payable- $19,320 95
Loans
on
mortgages
and
00
s h a r e s _____________________ 63,048 54
11 Interest p a i d ------------------------2,947 62
96 Dues
repaid,
installment
shares -------------------------------- 14,223 30
70
59 Profits
repaid,
installment
4,453 86
s h a r e s -------------------------------29
Advances, personal accounts612 45
2,067 50
20 Salaries _____________________
1,354 28
50 Taxes -----------------------------------Other e x p e n s e s ______________
595 75

Total r e c e ip ts __________ $108,624 25

Total disbu rsem en ts------ $108,624 25

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

18 _
19 —
_
20
21
22_ _
23
_
24
_ _
_
25
26 _ -----------27_ _
—




Age in
months.

_

_

. _________
._____
___
.
. _

_ _
______
_
_ ____________
__
_
— .

_ 1 2 0
_
108
96
84
72
60
__
48
36
_
24
_
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$166
144
123
104
86
70
54
39
25
12

00
00
00
00
00
00
00
00
00
00

43
41
74
51
74
14
44
60
60
42

Withdrawal
value.

$165
142
121
101
■ 83
67
52
38
25
12

00
00
00
00
75
50
80
70
20
00

88

REPORT OX B U ILD IN G AND LOAN ASSOCIATIONS.

No. 69.

SA N

F R A N C IS C O .

PRUDENCE BUILDING AND LOAN ASSOCIATION.
(Incorporated September 19, 1891.)
P. O p p e n h e i m , Secretary.

B. R

osen berg ,

Vice-President.

Fiscal year ended March 31, 1913.
Number of series, 9.

Number of members and investors, 30.

Assets.

Loans
on
mortgages
shares
Cash in office and bank
Real estate

Liabilities.

and

Total assets

Installment shares, dues____ $17,940 00
$25,815 19 Installment shares, profits___ 12,044 94
5,008 36 Reserve and undivided profits
2,065 97
1,249 75 A ll other liabilities _
22 39
Total liabilities

$32,073 30

Receipts for Fiscal Year.

Installment shares, dues____
Interest
Premiums
Loans repaid
Advances
repaid,
personal
accounts
All other receipts

Total receipts

Number of shares, 202.

$32,073 30

Disbursements for Fiscal Year.

15 Overdrafts and bills payable99 Loans
on
mortgages
and
40
shares
11 Interest paid
L u es
repaid,
installment
253 50
shares
1.116 05 Profits
repaid,
installment
shares
Advances, personal accountsSalaries
Taxes
Other expenses
All other disbursements
Balance, cash in office and
hank

$2,710
2,422
464
13,945

$20,912 20

$4,642 11
1,038 17
32 00
4,709 95
1,1134
241
1,725
482
211
1,5:35

83
50
00
81
50
97

5,008 36

Total disbursem ents____ $20,912 20

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

13
14
15
1617
18
19
20
21




Age in
months.

132
120
108
96
84
72
60
4S

Total dues
per share.

Book value
per share.

$132
120
108
96
84
72
60
4S
36

$200
200
200
177
149
122
97
74
53

00
00
00
00
00
00
00
00
00

00
00
00
45
20
45
82
50
07

Withdrawal
value.

$200
200
200
177
149
122
97
74
53

00
00
00
45
20
45
82
50
07

89 .

REPORT ON" B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 70.

S A N F R A N C IS C O .

UNION LOAN ASSOCIATION.
(Incorporated May 6, 1881.)
E . G u n z b u b g e r , Secretary.

H . L e v y , Vice-President.

Fiscal year ended May 13, 1913.
Number of series, 9.

Number of members and investors, 35.

Number of shares. 194
Liabilities.

Assets.

Loans
on
mortgages
and
Installment shares, dues____ $11,268 00
Installment shares, profits___
3,814 87
s h a r e s -------------------------------- $24,550 00
Arrearages—
________
65 85
Advance payments
On s h a r e s ______$734 00
Overdrafts and bills payable7,000 00
On interest ____ 966 05
Reserve and undivided profits 10,681 97
Sundry ledger accounts_____
1,007 00
On p r e m iu m ___ 340 00
-------------2,040 05
Cash in officeand bank_______
3,108 15
Real e s t a t e _________________
3,550 09
Advances, personalaccounts489 40
T'otal a s s e t s _____________$33,837 69 i

Total lia b ilitie s _________ $33,837 69

Receipts for Fiscal Year.

Balance from last report___
Installment shares, dues____
Interest -------------------------------Premiums ---------------------------Fees _________________________
Loans r e p a id ________________
Advances
repaid,
personal
a c c o u n t s __________________
A ll other receipts___________

Disbursements for Fiscal Year.

$1,246
2,739
2,181
80C
2
9,000

80
00
90
80
70
00

O verdrafts and bills payable- $3,500 00
Loans
on
mortgages
and
s h a r e s _____________________
4,800 00
312 98
Interest p a i d ________________ ‘
Dues
repaid,
installment
shares _____________________
2,769 00
Profits
repaid,
installment
596 00
s h a r e s _____________________
443 95
87 50 Salaries _____________________
1.272 50
Taxes __________
281 60
Other e x p e n s e s ______________
166 52
Balance, cash in office and
bank _____________
3,108 15

Total r e c e ip ts __________ $16,654 70

Total disbu rsem en ts____ $16,654 70

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

23
25
26
27
28
29
30
31
32




Age in
months.

120
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
96
84
72
60
48
36
24
12

$184
135
113
93
74
57
40
26
12

00
00
00
00
00
00
00
00
00

30
83
89
48
57
07
92
11
52

Withdrawal
value.

$168
121
101
83
67
52
38
25
12

22
88
93
81
29
54
46
05
26

90

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 71.

S A N F R A N C IS C O .

WESTERN LOAN ASSOCIATION.
(Incorporated November 12, 1886.)

E. G u nzbuk g eb , Secretary.

S. H a u s m a n n , President.

Fiscal year ended November 18, 1912.
Number of series, 10.

Number of members and investors, 102.

Number of shares, 766.

Assets.

Liabilities.

Loans
on
mortgages
and
shares ______________________ $79,780 09
Arrearages—
On s h a r e s ______ $3,669 00
On in te r e s t_____ 4,482 90
On p r e m iu m ___
938 75
-----------------9,090 65
Advances, personal accounts2,421 47

Installment shares, dues-------- $46,248 00
Installment shares, profits___ 17,5(33 96
Advance p a y m e n ts __________
254 20
Overdrafts and bills payable- 15,210 43
Reserve and undivided profits 12,015 62

Total liabilities ------------ $91,292 21

Total a s s e t s ____________ $91,292 21
Receipts for Fiscal. Year.

Disbursements for Fiscal Year.

Installment shares, dues___ $10,824
Interest _____________________
6,429
Premiums ___________________
2,161
Fees — _ — J
---------------------------8
Loans r e p a id ------------------------- 30,612
O verdrafts and bills payable3,210
Advances repaid, personal ac­
counts _____________________
539
A ll other receipts____________
268

Overdrafts and bills payable- $29,792 89
Loans
on
mortgages
and
s h a r e s _____________________
13,970 67
Interest p a i d ________________
1,184 96
Dues
repaid,
installment
s h a r e s -------------------------------5,030 00
Profits
repaid,
installment
50
582 78
s h a r e s -------------------------------540 00
86 Advances, personalaccountsSalaries _____________________
1,385 00
Taxes _______________________
1,156 19
Other e x p e n s e s ______________
122 50
A ll other disbursements_____
290 30

00
95
65
40
50
43

Total disbu rsem en ts____ $54,055 29

Total r e c e ip t s __________ $54,055 29

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

17
18
19
20
21
22
23 _
24
25
26

Age In
months.

_
_

_
_
_

-

.

_

_

_
.
.

__

_




_
_
_

_

_

__

__

_
_

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$192
165
140
117
96
76
58
41
26
12

00
00
00
00
00
00
00
00
00
00

08
68
85
76
38
60
32
64
48
65

Withdrawal
value.

$174
148
125
104
85
68
53
38
25
12

06
37
15
25
40
30
16
82
24
32

91

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 72.

S A N JO S E .

MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated August 20, 1889.)
S eym o u r M ontgom ery , Secretary.

C h a s . B. W in g , President.

Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 1,199.

Liabilities.

Assets.

Loans
on
mortgages
and
shares ------------------------$710,796
Cash in office and bank_______
3,244
Real estate _________________
6,000
Furniture and fixtures_______
450
A ll other assets--------------------188

Number of shares, 4,142.

17
93
00
00
47

Total assets ___________ $720,679 57
Receipts for Fiscal Year.

Installment shares, dues-------- $294,073
Installment shares, profits___ 29,060
Paid-up and prepaid shares,
capital ____________________ 317,455
Paid-up and prepaid shares,
dividends _________________
14,967
Overdrafts and bills payable- 10,000
Reserve and undivided profits 14,505
Loans due and incomplete___ 40,617

83
06
16
46
00
26
80

Total lia b ilitie s _________ $720,679 57
Disbursements for Fiscal Year.

Balance from last report____
$198 92 Overdrafts and bills payable- $70,000 00
on
mortgages
and
Installment shares, dues____ 168,279 20 Loans
s h a r e s _____________________ 271,574 65
Paid-up and prepaid shares,
291 64
dues ---------------------------------- 108,348 16 Interest p a i d ________________
repaid,
installment
Interest _____________________ 46,218 49 Dues
shares _____________________ 114,796 41
Fines ----------------------------------219 35
repaid,
installment
Loans r e p a id ________________ 156,781 87 Profits
—
3,774 23
s h a r e s _________________ !
O verdrafts and bills payable- 75,000 00
Paid-up and prepaid shares,
Advances repaid, personal ac­
capital ____________________ 62,769 00
counts — --------------------------1,904 90
Paid-up

and prepaid shares,

dividends _________________
Advances, personal accountsSalaries _____________________
Taxes _______________________
Other e x p e n s e s ______________
Balance, cash in office and
bank ______________________
Total r e c e ip t s __________ $556,950 89

31
01
40
90
42

3,244 93

Total disbu rsem en ts____ $556,950 89

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
W ithdrawal value, dues plus 95 per cent of profits.




19,100
1,914
6,145
2,239
1,100

92

REPORT OX B U IL D IX G A X D L O A X ASSOCIATIONS.

No. 73.

SAN

JO SE.

NUCLEUS BUILDING AND LOAN ASSOCIATION.
(Incorporated March 28, 1889.)

C. H. J o h n s o n , Secretary.

G eo . B. M cK ee , President.

Fiscal year ended April 8, 1913.
Number of series, none.

Number of members and investors, 263.

Liabilities.

Assets.

Loan
on
mortgages
and
shares _____________________ $172,676
Arrearages—
On in te re s t________________
1,206
Cash in office and bank______
5,891
Furniture and fixtures______
494
Advances, personal accounts___
68

14
39
57
00
00

Total a s s e t s ____________ $180,336 10
Receipts for Fiscal Year.

Balance from last report_____
Installment shares, dues_____
Paid-up and prepaid shares,
dues ______________________
Interest _____________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances repaid, personal ac­
counts . _____________________
A ll other receipts____________

Number of shares, 3,147.

Installment shares, dues_$122,185
Installment shares, profits___ 15,646
Paid-up and prepaid shares,
capital ____________________ 38,600
Paid-up and prepaid shares,
divdends __________________
962
Reserve and undivided profits
2,843
Sundry ledger accounts______
98




50
12
23

Disbursements for Fiscal Year.

$9,500 00
40,498 32
124 75
32,292 61
3,800 85
11,750 00
1,986
68
1,404
306
264
59

25
00
50
49
15
23

5,891 57

Total d isb u rsem en ts___ $107,946 72

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.
W ithdraw al value, same as book value.

00

Total lia b ilitie s _________ $180,336 10

$1,958 09 ; Overdrafts and bills payableon
mortgages
and
40,945 33 Loans
s h a r e s _____________________
9,950 00 S Interest p a i d ________________
repaid,
installment
11,137 88 ! Dues
33,610 78 | s h a r e s _____________________
repaid,
installment
9,500 00! Profits
j s h a r e s _____________________
51 88 Paid-up and prepaid shares,
capital ------------------------------792 76
Paid-up and prepaid shares,
| dividends __________________
! Advances, personal accounts! Salaries _____________________
Taxes -----------------------------------Other e x p e n s e s ______________
A ll other disbursements_____
Balance, cash in office and
bank ______________________

Total r e c e ip t s __________ $107,946 72

94
31

93

REPORT ON B U ILD IN G AN D LOAN ASSOCIATIONS.

No. 74.

S A N JO SE .

SAN JOSE BUILDING AND LOAN ASSOCIATION.
(Incorporated January 20, 1885.)

W . M. S o n t h e i m e k , Secretary.

Y. K

och,

President.

Fiscal year ended December 31, 1912..
Number of series, none.

Number of members and investors, 448.

Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________ $283,725
Arrearages—
On in te r e s t_____ $1,746 90
On f in e s ________
115 90
-------------1,862
Cash in office and bank_______
5,854
Advances, personalaccounts83
116
All other assets______________

Number of shares, 7,431.

03

80
51
00
46

Total assets ___________ $291,641 80
Receipts for Fiscal Year.

Installment shares, dues_____ $203,012
Installment shares, profits___ 19,767
Paid-up and prepaid shares,
c a p it a l_____________________
8,400
Investment certificates, prin­
cipal ______________________
27,881
Overdrafts and bills payable- 24,500
Reserve and undivided profits
5,511
Loans due and incomplete____
2,521
Sundry ledger accounts______
48




30
00
39
67
00

Disbursements for Fiscal Year.

00
00
38
49
68
00
50
03
62
00
56
80
33
51

Total disbu rsem en ts____ $303,639 90

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

D ayton plan.
Dues, $1.00 per share per month.
Book value, dues plus dividend.
W ithdrawal value, same as book value.

00

Total lia b ilitie s _________ $291,641 80

$7,624 69 Overdrafts and bills payable__$29,000
Balance from last report
on
mortgages
and
Installment shares, dues
146,080 15 Loans
Paid-up and prepaid shares,
s h a r e s _____________________ 110,350
749
dues
1,800 00 Interest p a i d ________________
repaid,
installment
Investment certificates _
9,878 00 Dues
Interest
s h a r e s -------------------------------- 102,375
19,861 59
Fines
repaid,
installment
266 83 Profits
Loans repaid
70,165 66
shares _____________________
7,437
Overdrafts and bills payable- 39,500 00 Paid-up and prepaid shares,
Advances repaid, personal accapital ------------------------5,200
counts
326 02 Paid-up and prepaid shares,
A ll other receipts
dividends _________________
577
8,636 96
Investment certificates, prin­
cipal ---------------------------------- 27,660
Investment certificates, divi­
2,159
dends -------------------------------S a la rie s______________________
2,200
Taxes -----------------------------------541
Other e x p e n s e s --------------------930
All other disbursements______
8,603
Balance, cash in office and
bank ---------------------------------5,854
Total re ce ip ts___________ $303,639 90

09
35

94

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 75.

SAN

L U IS O B IS P O .

SAN LUIS BUILDING AND LOAN ASSOCIATION.
(Incorporated March 1, 1888.)

M. L e w i s , Secretary.

B

e n j a m in

B

bo o ks,

President.

Fiscal year ended March 1, 1913.
Number of series. 11.

Number of members and investors, 279.

Assets.

Number of shares, 2,110.
Liabilities.

Loans
on
mortgages
and
Installment shares, dues_$100,092
00
36
shares _____________________ $145,467 50 Installment shares, profits_ 22,727
Paid-up shares, capital_______ 13,322 00
Arrearages—
Paid-up shares, dividends____
5,482 33
On s h a r e s ________ $78 00
Advance p a ym en ts----------487
00
109 57
On in te re s t______
Reserve and undivided profits2,168 15
On f i n e s _________
45 28
3 600 00
-------------232 85 Loans due and incomplete____
Cash in office and bank______
2,178 49
Total a s s e t s ------------------- $147,878 84

Total lia b ilitie s _________ $147,878 84
Disbursements for Fiscal Year.'

Receipts for Fiscal Year.

Installment shares,dues_______$25,621
In te re s t______________________
12,995
F in e s _________________________
149
88
F e e s --------------------------------------Loans r e p a id ------------------------- 24,196
Overdrafts and bills payable3,000

Overdrafts and bills payableLoans
on
mortgages
and
shares _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s -----------30 83
Advances, personal accou ntsS a la rie s---------------------------------T a x e s _________________________
Other expenses_______________
Balance, cash in office and
b a n k _______________________

Advances repaid, personal ac­

counts

00
41
70
59
67
00

____________________

Total re ceip ts___________ $66,082 20

$4,155 27
39,701 50
104 62
11,819 00
3,938 90
30 83
1,449 68
2,565 00
138 91
2,178 49

Total disbursem ents____ $66,082 20

Installment Shares, With Age, Value, and Withdrawal Value.
■Serial
No.

14
15
16
17
18
19

20
21
22

Age in
months.

_
_

_

- _

_
_

_

.
_

_____ . _
_____
_
.

23




_

_ ________
__
_

________
—

_

120
_ 1 0 8
__
_
96
84
72
— _
60
______
48
_
36
_ 24

12

Total dues
per share.

Book value
per share.

$120 00

$188
143
123
104

108
96
84
72
60
48
36
24

00
00
00
00
00
00
00
00
12 00

86
70
54
39
25
12

93
83
73
74
93
37
46
49
50
40

Withdrawal
value.

$185
139
118
99
81
65
51
37
24

28
35
18
03
70
96
24
75
75
12 12

95

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 76.

SAN M A TE O .

SAN. MATEO MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated: June 2, 1896.)
C. H . K

ik k b b id e ,

Secretary.

W m . F. T

u e n btjll,

President.

Fiscal year end'ed December 31, 1912.
Number of series, 41.

Number of members and investors, 180.

Number of shares, 1,340.
Liabilities.

Assets.

Loans
on
mortgages
and
s h a r e s _____________________ $113,040
Arrearages— ■
On s h a r e s _______ $1,248 00
On i n t e r e s t ____ 1,150 20
On fin e s ______
128 20
-------------2,526
Cash in office and bank______
3,488
Real e s ta t e __________
8,559
65
Furniture and fixtures________
Advances, personal accounts__
366
A ll other assets----------------------25

00

40
89
55
00
41
00

Total a s s e ts _____________$128,071 25
Receipts for Fiscal Year.

Balance from last report
Installment shares, dues____
Paid-up and prepaid shares,
dues
Interest
Premiums _
Fines
Fees
Loans repaid
O verdrafts and bills payable__
Advances repaid, personal accounts

Installment shares, dues_____ $68,877
Installment shares, profits___ 18,814
Paid-up and prepaid shares,
c a p it a l-------------------------------- 16,400
Paid-up and prepaid shares,
div iden ds__________________
461
112
Advance p a y m e n ts __________
Overdrafts and bills payable__ 18,595
Reserve and undivided profits3,813
Loans due and incomplete____
782
75
Sundry ledger accounts______
A ll other liabilities__________
139

00
03
00
98
00
65
53
70
00
36

Total lia b ilitie s _________ $128,071 25
Disbursements for Fiscal

Year.

$3,129 60 Overdrafts and bills payable- $11,800 00
15,678 00 Loans
on
mortgages
and
shares _
24,028 73
6,000 00 Interest paid
955 01
10,490 93 Dues
repaid,
installment
163 33
shares
15,603 00
268 55 Profits
repaid,
installment
80 25
shares
3,710 52
18,290 00 Paid-up and prepaid shares,
capital
15,175 00
1,200 00
Paid-up and prepaid shares,
dividends
1,645 90
851 40
Advances, personal accounts__
1,505 39
Salaries
980 50
Taxes
219 76
Other expenses
266 90
A ll other disbursements, real
estate
6,319 55
Balance, cash in office and
bank
3,488 89

Total receipts

$70,929 65

Total disbu rsem en ts____ $70,929 65

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

27
31
35
39
43
47
51
55
59
63

_
-

_
-

—
-

_
____

_
—
__________
_
_ _
_ ..
----------------------- —
_
- _ .-----_ _
_
-

_

_

_

_




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

Total dues
per share.

Book value
per share.

$1 20
108
96
84
72
60
48
36
24
12

$1 70
147
12 6
107
88
71
55
40
25
12

00
00
00
00
00
00
00
00
00
00

29
84
84
17
74
48
27
04
78
46

Withdrawal
value.

$1 70
144
124
105
86
70
54
39
25
12

29
88
30
02
96
05
16
23
26
21

96

BEPOET ON B U ILD IN G

No. 77.

AN D LOAN ASSOCIATIONS.

SAN R A F A E L .

MARIN COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated July 19, 1886.)

L. A. L a n c e l , Secretary.

H

enky

S c h l o s s e b , Vice-President.

Fiscal year ended July 31, 1912.
Number of series, 17.

Number of members and investors, 264.

Number of' shares, 3,471.
Liabilities.

Assets.

Loans
on
mortgages
and
shares _____________________ $187,800
Arrearages—
On s h a r e s --------------$627 00
On in t e r e s t _____
874 00
On f i n e s _________
75 15
1,576
7,237
Cash in office and bank---------126
Advances, personal accounts-

00

15
52
49

, Installment shares, dues—
____$139,752
Installment shares, profits___ 38,697
Investment certificates, prin­
cipal __________
7,650
Investment certificates, divi­
dends ______________________
62
Advance pa ym en ts___________
275
j O verdrafts and bills payable__
1.000
Reserve and undivided profits4.753
Loans due and incomplete____
4,550

Total a s s e t s ____________ $196,740 16

00
45
00
00
40
00

Total lia b ilitie s -------------- $196,740 16
Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Installment shares, dues-------- $44,565
In te r e s t______________________
16,925
F i n e s ________________________
147
F e e s __________________________
93
Loans r e p a id ________________
66,800

00
31

00
25
75
40
00

Overdrafts and bills payable__$8,297
42
Loans
on
mortgages
and
s h a r e s _____________________ 31,550 00
Interest p a i d ________________
536 79
Dues

repaid,

installment

s h a r e s _____________________
Profits
repaid, installment
s h a r e s -------------------------------Investment certificates, prin­
cipal -----------------------------------Advances, personal accounts__
S a la rie s______________________
Taxes _______________________
Other exp enses_______________
Balance, cash in office and
b a n k ______________
Total re ce ip ts___________ $128,531 40

5S,19S 00
14,778 84
5,450
62
1,560
457
402

00
74
00
84
25

7,237 52

Total disbu rsem en ts____ $128,531 40

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

20
22
25
26
28
30
32—
34
36

Age in
months.

_

-




_

108
96
78
72
60
48
36
24

12

Total dues
per share.

Book value
per share.

$108
96
78
72
60
48
36
24

$169
141
107
96
76
58
41
26
12

00
00
00
00
00
00
00
00
12 00

65
70
42
75
58
48
70
50
70

Withdrawal
value.

$166 57
137 13
100 06
89 32
69 94
53 24
38 85
25 25
12 35

97

REPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 78.

SAN TA ANA.

HOME MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated April 13, 1892.)
O. M . R o b bin s , Secretary.

J o h n M cF ad den , President.

Fiscal year ended December 31, 1912.
Number of series, 21.

Number of members and investors, 898.

Liabilities.

Assets.

Loans
on
mortgages
and
shares
________:__________ $446,620
Arrearages— •
On s h a re s ________$523 00
On in te re s t______
575 70
-------------1,098
Cash in office and bank______
5,913
1,410
Furniture and fixtures________

Number of shares, 5,095.

00

70
64
75

Installment shares, dues_____ $246,334
Installment shares, profits____ 75,312
Investment certificates, prin­
cipal ------------------------------------ 120,175
Investment certificates, divi­
dends ---------------------------------2,543
207
Advance p a y m e n ts __________
Reserve and undivided profits- 10,307
Loans due and incomplete____
163

50
74
00
00
00
30
55

Total lia b ilitie s --------------$455,043 09

Total a s s e ts _____________$455,043 09
Receipts for Fiscal Year.

Disbursements for Fiscal Year.

Balance from last report_____
$1,862 08 O verdrafts and bills payable— $15,000
on
mortgages
and
Installment shares, dues_____
61,657 00 Loans
s h a r e s _________ .___________ 182,293
Paid-up and prepaid shares,
227
d u e s -----------------------------------5,200 00 Interest paid _______________
repaid,
installment
Investment certifica tes_______ 125,925 00 Dues
s h a r e s ___________ , ________ 37,159
In te r e s t---------------------------------- 32,534 82
F in e s ________________________
153 72 Profits
repaid,
installment
F e e s --------------------------------------138 20
s h a r e s _____________________ 13,706
Loans r e p a id ____________ '___ 95,390 00 Paid-up and prepaid shares,
Overdrafts and bills payable__ 15,000 00
c a p it a l_______________________ 70,650
Investment certificates, prin­
Advances repaid, personal ac­
counts -------------------------------20 00
cipal _______________________
5,750
Investment certificates, divi­
dends ______________________
3,082
20
Advances, personal accounts__
S a la rie s______________________
1,914
Taxes _______________________
1,317
Other exp enses_______________
846
Balance, cash in office and
b a n k _______________________
5,913
Total re ceip ts------------------$337,880 82

00
50
25
50
57
00
00
08
00
80
33
15
64

Total disbu rsem en ts____ $337,880 82

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

1 2 ____ ___
_ _ .
___________
14 ________ ___ _
- _ 16 ______________
18 _
_ _ - _ _
20 _ _ _ _
__________ _______
22 _ _ _
_________ __________ _ _
24 _
____
______ _______
26 _
--------------------28 _
_ _
____________
30 _ _
_
__________
_ 1
7— BI»




A g e in
months.

120
108
96
84
72
60
48
36
24
2

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$181
156
133
111
91
73
56
40
25
12

00
00
00
00
00
00
00
00
00
00

88
83
54
93
92
33
08
29
88
47

Withdrawal
value.

$181
153
128
105
84
68
52
38
24
12

88
25
32
47
54
38
19
14
94
23

98

REPORT ON B U ILD IN G AND LOAN ASSOCIATIONS.

No. 79.

SANTA ANA.

ORANGE COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated March 7, 1901.1
N. A. U l m , Secretary.

C. D. B a l l , President.
Fiscal year ended February 28, 1913.

Number of series,

none.

Number of members and investors, 105.

Assets.

Loans
on
mortgages
shares
Cash in office and bank

Total assets

_

Liabilities.

and

_

Installment shares, due _
$22,347 00 Installment shares, profits____
3,621 56 Paid-up and prepaid shares,
capital
Overdrafts and bills payable__
Reserve and undivided profits
$25,968 56

Receipts for Fiscal Year.

Balance from last report
Installment shares, dues _ _
Paid-up and prepaid shares,
dues
_ _
_ _
Interest
~
_ _

Total receipts

Number of shares, 1,038.

Total liabilities _




$25,968 56

$500 00
2,329 27
161 30
5,300 00
652 50
50 00
3,621 56

Total disbursem ents____ $12,614 63

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.

10,610 00
4,400 00
952 49

Disbursements for Fiscal Year.

$2 3 51 55 Loans
on
mortgages
and
shares
3,395 83
Dues
repaid,
installment
5,000 00
shares
repaid,
installment
1,367 25 Profits
shares
Paid-up and prepaid shares,
capital
Paid-up and prepaid shares,
dividends
Taxes
Balance, cash in office and
bank
_ _ _
$12,614 63

$8,303 99
1,712 08

99

REPORT ON" B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 80.

SAN TA BARBARA.

LOAN AND BUILDING ASSOCIATION.
(Incorporated M ay 23, 1887.)
J. T . J o h n s o n , Secretary.

H. L. S t a m b a c h , President.

Fiscal year ended June 30, 1913.
Number of series, 23.

Number of members and investors, 648.

Assets.

Number of shares, 3,253.

Liabilities.

Loans
on
mortgages
and
shares _____ _______________ $288,405
Arrearages—
On s h a r e s _______ $1,385 00
On in te re st______ 1,442 80
On f in e s ---------173 90
-------------3,001
Cash in office and bank______
6,816
Real e s ta te __________________
1,276
607
Furniture and fixtures________
Advances, personal accounts__
63

Installment shares, dues_$180,336
00
95
00 Installment shares, profits_ 42,411
Investment certificates, prin­
cipal ------------------------------------ 74,400 00
Advance pa ym en ts_______
317
35
Reserve and undivided profits
2,005 91
700 00
70 Loans due and incomplete___
87
95
65
04
Total lia b ilitie s_________ $300,171 21

Total a s s e t s ____________ $300,171 21

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Investment certifica tes______
I n te re s t______________________
P re m iu m s-----------------------------F i n e s ________________________
F e e s __________________________
Loans r e p a id ________________
Advances repaid, personal ac­
counts -------------------------------A ll other receipts____________

Loans
on
mortgages
and
s h a r e s ______________________ $53,000
Dues
repaid,
installment
s h a r e s -------------------------------- 52,318
Profits
repaid,
installment
s h a r e s -------------------------------- 15,541
Investment certificates, prin­
cipal --------------------------29,025
Investment certificates, divi­
d e n d s ------------------------2,981
223 33
78
1,386 35 Advances,personal accounts___
S a la rie s______________________
1,474
Taxes -----------------------------------2,079
Other exp enses_______________
498
A ll other disbursements______
981
Balance, cash in office and
bank _______________________
6,816

$3,798
41,104
61,275
20,143
8
217
87
36,550

13
00
00
35
50
85
05
00

Total re ce ip ts----------------- $164,793 56

00
00
00
00
35
16
00
23
95
00
87

Total disbu rsem en ts____ $164,793 56

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

18
20
22
24
26
28
30
32
34
36

_ _

_
____

____

Age in
months.

.
.___
.

__
__

_
_

_

__




__
_

.
—
..
.

_ _
____
__ _

_

_ -

120
108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$120
108
96
84
72
60
48
36
24
12

$158
138
119
101
84
68
53
39
25
12

00
00
00
00
00
00
00
00
00
00

80
55
55
65
75
80
55
00
30
30

Withdrawal
value.

$158
138
119
101
84
68
52
38
24
12

80
55
55
65
00
00
90
15
10
10

100

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 81.

SA N TA BARBARA.

SANTA BARBARA MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated May 20, 1901.)

J. M. W

arren,

Secretary.
S. O. R o e d e r , President,
Fiscal year ended March 1, 1913.

Number of series, none.

Number of shares and Investors, 695.

Assets.

and
Loans
on
mortgages
$383,282
shares _
_
_ _
3,965
Arrearage on interest
Cash in office and bank _ __ 15,004
4,062
Real estate
_
_ _
20
A ll other assets__
Total a s s e t s ____

_

Liabilities.
Installment shares, d u e s __ .$333,942
31 Installment shares, profits___ . 66,363
1,829
56 Reserve and undivided profits.4,200
74 Loans due and incomplete-----91
00

$406,335 52

Total liabilities

.$406,335 52

80 Loans
on
mortgages
and
s h a r e s ______________________ $127,809
40
64 Interest p a i d _________________
225
repaid,
installment
00 Dues
shares _____________________ 95,604
00
Profits
repaid,
installment
s h a r e s ______________________
6,756
20
S a la rie s _______________________
1,812
Taxes __________
2,196
192
Other e x p e n s e s ______________
A ll other disbursements_______
871
Balance, cash in office and
bank ______________________
15,004

Total r e c e ip t s __________ $250,504 04

86
05
74
38
14
76
50
87
74

Total disbursem ents____ $250,504 04

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

D ayton plan.
Dues, 50 cents per share per month.
Dividends, last fiscal year, 6 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.




74
71
07
00

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report_____ $12,916
Installment shares, dues____ 127,860
In te r e s t______________________
25,133
42
F in e s ________________________
Loans r e p a id ________________
83,430
A ll other receipts, real estate,
etc__________________________
1,121

Number of shares, 9,326.

101

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 82.

SA N TA CLARA.

SANTA CLARA BUILDING AND LOAN ASSOCIATION.
(Incorporated March 19, 1889.)
F. O. R oll , Secretary.

J. B . O ’B b ie n , President.
Fiscal year ended March 31, 1913.

Number of series, 18.

Number of members and Investors, 315.

Liabilities.

Assets.

Loans
on mortgages
and
s h a r e s _____________________ $249,560
Arrearages—
On s h a r e s _______ $1,634 50
On in te r e s t_____ 2,325 10
On f in e s -------------186 50
-------------4,146
Cash in office and bank______
11,680
Real estate _________________
13,962
Advances, personalaccounts72

00

10
37
00
60

$176,847
Installment shares, dues
Installment shares, profits----- 54,485
Paid-up and prepaid shares,
capital
20,600
Paid-up and prepaid shares,
250
dividends
Advance payments _
70
O verdrafts and bills payable- 10,000
Reserve and undivided profits- 16,154
721
Loans due and incomplete____
Sundry ledger accounts
75
T ax reserve
216

Total a s s e ts ____________ $279,421 07

Total liabilities

Receipts for Fiscal Year.

Balance from last report_____
$6,771
Installment shares, dues_____
39,348
Paid-up and prepaid shares,
d u e s _____________________
12,100
Interest _____________________ 25,256
F in e s ________________________
225
F e e s _________________________
41
Loans r e p a id ________________
64,870
O verdrafts and bills payable- 10,000
Advances repaid, personal ac­
counts _____________________
94
A ll other receipts____________
224

Number of shares, 3,078.

00
88
00
50
00
00
32
90
00
47

: 279,421 07
$

Disbursements for Fiscal Year.

03 Loans
on
mortgages
and
00
shares ______________________ $47,598
Interest p a i d ________________
1
00 Dues
repaid,
installment
88
s h a r e s _____________________ 51,386
17 Profits
repaid,
installment
90
s h a r e s _____________________ 22,403
00 Paid-up and prepaid shares,
00
c a p it a l_____________________
4,700
Paid-up and prepaid shares,
60
d ividen ds__________________
489
75 Advances, personal accounts67
1,315
S a la ries______________________
Taxes _______________________
4,016
Other e x p e n s e s ______________
420
Real e s ta t e __________________
14,853
Balance, cash in office and
bank ______________________
11,680

Total r e c e ip t s __________ $158,932 33

70
55
50
05
00
25
00
00
99
70
22
37

Total disbursem ents____ $158,932 33

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

1 516_
_ .—
----------------17_
_ .
- - - - - - - 19
------------- __
-------------21_ __ .- - — —
-----------------23_______ . _ -------_ _ __________
25_
_ .----------------------------------27_____ _--------------- -------- -----------_ 29_______
31_
- - — - _____




Age in
months.

Total dues
per share.

Book value
per share.

Withdrawal
value.

120
108
96
84
72
60
48
36

$120 00
108 00
96' 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00

$178 38
153 98
131 34
110 33
90 93
72 73
55 93
40 34
25 87
12 46

$178 38
153 98
129 00
108 00
88 00
70 00
52 50
38 00
25 00
12 25

12

102

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 83.

S A N TA CRUZ.

SANTA CRUZ COUNTY BUILDING AND LOAN ASSOCIATION.
(Incorporated May 20, 1908.)
E. R . J ocobi, Secretary.

M. J. G a t e s , President.
Fiscal year ended April 30, 1913.

Number of series, none.

Number of members and investors, 62.

Number of shares, 577.
Liabilities.

Assets.

Loans
on
mortgages
shares
Cash in office and bank
Furniture and fixtures

and

Total assets

Guarantee stock, capital
$21,055 00
1,605 77
$38,261 55 Guarantee stock, surplus____
3,224 50
603 97 Installment shares, dues
448 55
107 50 Installment shares, profits----Paid-up and prepaid shares,
capital
9,900 00
Paid-up and pr jpaid shares,
dividends
811 23
Investment cert: ficates, prin­
cipal
559 63
Investment certificates, dividends
37 80
Reserve and undivided profits
80 99
Unearned premiums
1,249 55
$38,973 02

Receipts for Fiscal Year.

Balance from last report____
Guarantee stock _
Installment shares, dues
Paid-up and prepaid shares,
dues
Investment certificates _ _
Interest
Premiums
Fines _
_ _
Loans r e p a id __
Overdrafts and bills payableAll other receipts

Total receipts

Total lia b ilitie s __

Disbursements for Fiscal Year.

$1,077 90 Overdrafts and bills payableon
mortgages
and
1,902 00 Loans
shares
1,126 50
Interest paid
600 00 Dividends on guarantee stock
repaid,
installment
1,587 05 Dues
shares
2,823 58
repaid,
installment
272 23 Profits
shares
35 95
6,807 93 Paid-up and prepaid shares,
dividends
.
_
3,300 00
648 95 Investment c-erl ificates, prin­
cipal
Investment certificates, dividends
_
Salaries
Taxes
Other expenses
Balance, cash in office and
bank
$20,182 09

$3,300 00
11,605 97
44 75
1,536 77
378 50
42 71
<561 50
1,161 00
56
480
50
360

35
00
12
45

603 97

Total disbursem ents____ $20,182 09

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 7 per cent.
B ook value, dues plus dividend.
W ithdraw al value, dues plus 6 per cent for average tim t.




$38,973 02

103

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 84.

SANTA

PAULA.

SANTA PAULA BUILDING AND LOAN ASSOCIATION.
(Incorporated April 21, 1890.)

H . H . Y o u n g k e n , Secretary.
Fiscal year ended May 15, 1913.
Number of series, 15.

Number of members and investors, 371.

Number of shares, 5,535.
Liabilities.

Assets.

Loans
on
mortgages
and
shares _____________________$364,200
Arrearages—■
On s h a r e s _______ $1,018 90
On in te r e s t______
596 31
On p r e m iu m ___
26 95
On fin e s _________
86 22
------: -----1,728
Cash in office and bank_____
5,207
Furniture and fixtures______
1,781
Advances, personalaccounts300
A ll other assets______________
109

Installment shares, dues_____ $173,223
00 Installment shares, profits___ 30,419
Investment certificates, prin­
cipal ______________________ 149,100
Advance p a y m e n ts __________
1,838
Overdrafts and bills payable- 15,000
Reserve and undivided profits
3,600
146
38 Loans due and incomplete___
10
77
90
64

00
49
00
57
00
00
73

Total lia b ilitie s _________ $373,327 79

Total assets ___________ $373,327 79
Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues_____
Investment ce r tific a te s _____
Interest _____________________
Premiums __________
Fines -----------------Fees ________________________
Loans r e p a id ________________
Overdrafts and bills payableAdvances repaid, personal ac­
counts _____________________

D. W . M o t t , President.

Disbursements for Fiscal Year.

Overdrafts and bills payable- $4,500 00
Loans
on mortgages
and
s h a r e s _____________________ 104,337 04
Interest p a i d ___________ :-----1,000 82
Dues
repaid,
installment
s h a r e s _____________________ 40,788 90
Profits
repaid,
installment
s h a r e s _____________________
10,555 07
Investment certificates, prin­
cipal ______________________ 44,470 00
71 60 Investment certificates, divi­
dends _____________________
8,489 67
Advances,personal accounts99 15
Salaries _____________________
3,600 00
Taxes _______________________
1,375 25
Other e x p e n s e s --------------------958 63
A ll other disbursements_______
1,052 20
Balance, cash in office and
bank ______________________
5,207 10

$3,146
63,500
62,950
29,484
1,290
222
168
51,600
14,000

89
00
00
10
35
64
25
00
00

Total r e c e ip t s __________ $226,433 83

Total disbu rsem en ts____ $226,433 83

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

1 7 A --------------------------------------------------------18 --------------------------------------------------------19 --------------------------------------------------------20 _____________________________________
21 --------------------------------------------------------2 2 i ----------------------------------------------------------23£-----------------------------------------------------------




Age In
months.

Total dues
per share.

Book value
per share.

Withdrawal
value.

84
72
60
48
36
18
6

$42
36
30
24
18
9
3

$56
45
36
28
20
9
3

$55
45
36
27
19
9
3

00
00
00
00
00
00
00

61
90
71
20
32
57
07

88
41
04
37
67
43
05

104

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 85.

S A N T A ROSA.

SANTA ROSA BUILDING AND LOAN ASSOCIATION.
(Incorporated October 3, 1888.)

C. D. B a r n e t t , Secretary.

A llen

B. L e m m o n , President.

Fiscal year ended' October 31, 1912.
Number of series, 10.

Number of members and investors, 234.

Assets.

L labilities.

Loans
on
mortgages
and
$115,221
shares Arrearages—
On shares
$34 05
On interest
_
272 47
306
1,495
Cash in office and bank _
28
Advances, personal accountsTotal assets

Number of shares, .1.999*

Installment shares, dues
$56,903 40
81 Installment shares, profits___ 10,063 70
Investment certif icates, principal
46,904 80
Advance payments
90 03
2,031 46
52 Reserve and undivided profits
26 Loans due and iiicomplete___
1,059 00
80

$117,052 39

Total liabilit es

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____
Installment shares, dues-------Investment certifica tes_______
Interest _____________________
Fees ________________________
Loans r e p a id ________________
O verdrafts and bills payableAdvances repaid, personal ac­
counts ____________________

$117,052 39

Overdrafts and bills payableLoans
on
mortgages
and
s h a r e s _____________________
Interest p a i d ________________
Dues
repaid,
installment
s h a r e s _____________________
Profits
repaid,
installment
s h a r e s -------------------------------32 70 Investment certificates, prin­
cipal ______________________
Investment certificates, divi­
dends _____________________
Advances, personal accountsSalaries _____________________
Taxes _______________________
Other e x p e n s e s ______________
Balance, cash i l office and
bank ______________________

$2,893
17,438
43,436
7,659
63
48,197
6,000

81
20
03
70
00
51
00

Total r e c e ip t s __________ $125,720 95

$6,000 00
46,215 00
67 59
23,148 45
7,533 11
38,570 55
1,562 32
35 50
720 00
116 12
257 05
1,495 26

Total disbursem ents____ $125,720 95

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

____________
_
1 6 _ _ .____ _______
__
__________
_ _
17
__
1 8 ___________________________________
__________
1 9 ___________ ________________
____
__
____
—
20
21 __ _.___________________________ _ _
_______
___________________
22________
23 _
— .____________________________________
______
24—
„ . ________ ___________




Age in
m
onths.

108
96
84
72
60
48
36
24

12

Total dues
per share.

Book value
per share.

Withdrawal
value.

$1 08
96
84
72
60
48
36
24

$140 10

$1 37 16
118 08

00
00
00
00
00
00
0C
00

12 0C

121 11
103
86
69
54
39
25
12

14
03
77
29
58
62
42

100 10
83
67
52
38
25

30
50
50
40

02
12 00

105

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 86.

S A U S A L IT O .

SAUSALITO MUTUAL LOAN ASSOCIATION.
(Incorporated December 1, 1887.)
T h o m a s P e n l in g t o n , Secretary.

C. H. B eckek , President.

Fiscal year ended November 30, 1912.
Number of series, 6.

Number of members and investors, 148.

Assets.

Liabilities.

Loans
on
mortgages
and
shares
$53,851
Arrearages—
On s h a r e s ______ $147 60
On interest _
66 15
213
Cash in office and bank
2,373
Real estate
2,937
Advances, personal accounts74
Total assets

Installment shares, dues
$47,400 00
9,200 74
04 Installment shares, profits___
Reserve and undivided profits
2,564 61
Sundry ledger accounts
267 50
A ll other liabilities
18 00
75
71
98
37

$59,450 85

Total liabilities

Receipts for Fiscal It ear.

Balance from last report____
Installment shares, dues
Interest
Premiums
Pines
Fees
Loans repaid
Advances repaid, personal accounts
A ll other receipts

Total receipts

Number of shares, 1,407.

$59,450 85

Disbursements for Fiscal Year.

$2,035
16,123
4,682
829
78
37
23,216

96
40
83
75
59
10
83

Loans
on
mortgages
and
shares
$17,675 00
Interest paid
484 39
Dues
repaid,
installment
shares
20,573 00
Profits
repaid,
installment
shares
4,814 25
Advances, personal accounts99 49
305 92 Salaries
540 00
260 28 Taxes 945 01
Other expenses
65 81
Balance, cash in office and
bank
2,373 71

$47,570 66

Total disbu rsem en ts____ $47,570 66

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
■No.

20
__
_____ _- ____
21
22
____
23—
- —
_
2 4 _____________________ _________________
25




Age in
months.

72
60
48
36
24
12

Total dues
per share.

$72
60
48
36
24
12

00
00
00
00
00
00

Book value
per share.

$90
72
55
40
25
12

Withdrawal
value.

98 Dues plus
74 profits
96 as per
41 by-laws.
95
49

106

BE PORT ON B U ILD IN G AN D LOAN ASSOC CATIONS.

No. 87.

STOCKTON.

SAN JOAQUIN VALLEY BUILDING AND LOAN ASSOCIATION.
(Incorporated June 17, 1889.)
A. M . N oble, Secretary.
S. N. C boss , President.
Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 1,316.

Nimber of shares, 13,459.

Loans
on
mortgages
and
s h a r e s _________________$603,731
13
Arrearages—
On in te re s t____________
2,893
75
Cash in office and bank________ 17,946 83
Real e s t a t e _____________
5,396
97
Advances, personalaccounts141 33

1 labilities.
Installment shares, dues_$272,797
70
Installment shares, profits_ 50,653
30
Paid-up and prepaid shares,
c a p it a l________________ 238,443
97
Paid-up and prepaid shares,
dividends --------------------------- 34,561 90
Reserve and undivided profits
21,452 34
Loans due and incomplete___ 12,200 80

Total a s s e t s ____________ $630,110 01

Total liabilities _ ________$630,110 01

Assets.

f

Receipts for Fiscal Year.

Balance from last report____ $11,157
Installment shares, dues_____ 132,928
Paid-up and prepaid shares,
dues ______________________ 81,889
Interest _____________________ 43,824
Loans r e p a id ________________ 178,104
Overdrafts and bills payable- 10,000
Advances
repaid,
personal
a c c o u n t s __________________
1,765
A ll other receipts, real estate
sold _______________________
3,010

Disbursements for Fiscal Year.

53 Overdrafts and bills payable- $10,000 00
on
moitgages
and
62 Loans
s h a r e s _____________________ 244,015 00
11 Interest p a i d ________________
83 36
56 Dues
repaid,
installment
shares -------------------------------- 89,851 43
43
repaid,
installment
00 Profits
s h a r e s _____________________ 11,204 20
74 Paid-up and prepaid shares,
capital ____________________ 65,211 60
66 Paid-up and prepaid shares,
dividends --------------------------7,975 80
Advances, personal accounts402 13
4,995 00
Salaries _____________________
Taxes _______________________
376 22
Other e x p e n s e s ______________
2,211 45
All other disbursements, real
estate acquiree_____________
8,437 63
Balance, cash i i office and
bank ______________________ 17,946 83

Total r e c e ip ts __________ $462,710 65

Total disbursem ents____ $462,710 65

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 7.20 per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.




REPORT ON BU ILD ING

No. 88.

107

A N D LOAN ASSOCIATIONS.

STOCKTON.

STOCKTON LAND, LOAN AND BUILDING ASSOCIATION.
(Incorporated January 3, 1887.)
C h a s . E . L it t l e h a l e , Secretary.

J. D . Y o un g , President.

Fiscal year ended January 31, 1913.
Number of series, none.

Number of members and investors, 1,020.

Number of shares, 10,791.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s ------------------------- $812,876
19
Arrearages—
On in t e r e s t __________
2,830
00
Cash in office and bank_______ 37,626 65
1,695
25
Real e s t a t e _____________
600 00
Furniture and fixtures_______
Advances, personal accounts2,390 46

Installment shares, dues_____ $391,683 46
Installment shares, profits___ 162,918 44
Paid-up and prepaid shares,
capital _____________________ 219,301 00

Total a s s e ts _____________$858,018 55

Total lia b ilitie s _________ $858,018 55

and

prepaid

shares,

dividends _________________
Overdrafts and bills payableReserve and undivided profits
Loans due and incomplete----Sundry ledger accounts----------

89
00
10
11
55

76 Overdrafts and bills payable- $80,000 00
14 Loans
on
mortgages
and
shares _____________________ 224,120 57
00 Interest p a i d ________________
1,225 85
08 Dues
repaid,
installment
s h a r e s _____________________ 135,479 07
90
repaid,
installment
85 Profits
00
s h a r e s _____________________ 61,357 32
Paid-up and prepaid shares,
35
capital _____________________
34,680 80
83 Paid-up and prepaid shares,
dividends _________________
6,656 94
Advances, personal accounts506 92
Salaries _____________________
3,425 00
Taxes _______________________
445 79
Other e x p e n s e s ______________
2,614 85
A ll other disbursements— ,—
1,775 15
Balance, cash in office and
bank ______________________
37,626 65

Total r e c e ip ts __________ $589,914 91

Total disbursements — — $589,914 91

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 7.35 per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.




6,653
30,000
22,375
24,408
678

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Balance from last report____ $57,259
89,734
Installment shares, dues_____
Paid-up and prepaid shares,
dues ---------------------------------- 141,400
Interest _____________________ 61,665
Fees ________________________
257
Loans r e p a id ________________ 157,805
Overdrafts and bills payable- 80,000
Advances
repaid,
personal
a c c o u n t s __________________
1,121
670
A ll other receipts____________

Paid-up

108

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 89.

TULARE.

TULARE BUILDING AND LOAN ASSOCIATION.
(Incorporated1 January — , 1889.)

J. L . W

il d e r

, Secretary.

A. W .

W

h eeler

, President.

Fiscal year ended December 31, 1912.
Number of series, 17.

Number of members and investors, 87.

Assets.

Liabilities.

Loans
on
mortgages
and
s h a r e s __________________
$33,350 00
Arrearages—■
On s h a r e s __________ $6 00
On in t e r e s t ________ 8 00
----------14 00
Cash in office and bank_______
1,887 16
Real e s ta t e __________________
1,555 00
Furniture and
fixtures_____
307 00

! Installment shares, dues_____ $29,766
6,466
Installment shares, profits___
Advance p a y m e n ts __________
503
Reserve and undivided profits
286
Sundry ledger accounts_______
90

Total a s s e t s ______________$37,113 16

00
52
85
34
45

Total lia b ilitie s _________ $37,113 16

Receipts for Fiscal Year.

Balance from last report___
Installment shares, dues____
Interest _____________________
Fines _______________________
Loans r e p a id ------------------------A ll other receipts, real estate,
etc. _______

Number of shares, 589.

Disbursements for Fiscal Year.

$3,249
6,693
2,548
25
800

83
80
05
40
00

Overdrafts and bills payable- $1,000 00
Loans
on
mortgages
and
7,900 00
s h a r e s _____________________
Interest p a i d ________________
118 28
Dues
repaid,
installment
1,800 00
shares _____________________
repaid,
installment
850 00 Profits
shares _____________________
57 69
Advances, persom 1
accounts20 00
Salaries _____________________
600 00
Taxes _______________________
303 85
108 60
Other expenses ______________
A ll other disbursements_____
371 50
Balance, cash in office and
bank ______________________
1,887 16
Total disbursem ents____ $14,167 08

Total r e c e ip t s __________ $14,167 08

Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.

L __
N —

O —

Q
R
T
V
X
Z

__
—
__
__
—




Age in
months.

108
96
84
72
60
48
36
24
12

Total dues
per share.

Book value
per share.

$108
96
84
72
60
48
36
24
12

$139
120
103
86
69
54
39
25
12

00
00
00
00
00
00
00
00
00

32
68
08
19
92
21
34
45
39

Withdrawal
value.

$131
114
98
82
64
51
37
24
12

49
51
31
64
96
10
67
72
19

REPORT ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 90.

109

UPLAND.

MAGNOLIA MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 24, 1901.)
M. F . P a l m e r , Secretary.

C h a s . R u e d y , President.

Fiscal year ended September 30, 1912.
Number of series, none.

Number of members and investors, 517.

Assets. .

Number of shares, 5,293.
Liabilities.

Installment shares, dues_____ $61,895 04
Loans
on
mortgages
and
s h a r e s ________________ $268,900
00 Installment shares, profits___ 12,280 10
Paid-up and prepaid shares,
Arrearages—
capital ------------------------------ 183,600 00
On in te re s t___________
320
20
Cash in office and bank______
4,501 38 Paid-up and prepaid shares,
8,164 83
Advances, personalaccounts66 45 i dividends _________________
Overdrafts and bills payable6,000 00
Reserve and undivided profits
1,848 06
Total a s s e t s ____________ $273,788 03
Receipts for Fiscal Year.

Total lia b ilitie s _________ $273,788 03
Disbursements for Fiscal Year.

Balance from last report____ $6,353 43 Loans
on
mortgages
and
Installment shares, dues_____
38,660 71
s h a r e s ______________________ $83,000 00
Paid-up and prepaid shares,
Dues
repaid,
installment
147,100 00
dues ______________
s h a r e s _____________________ 31,600 51
Interest _____________________ 17,445 50 Profits
repaid,
installment
Fines -----------------------------------166 01
shares _____________________
5,458 74
Fees ________________________
257 65 Paid-up and prepaid shares,
Loans repaid ________________
20,800 00
capital ------------------------------ 103,100 00
Overdrafts and bills payable6,000 00 Paid-up and prepaid shares,
Advances repaid, personal ac­
dividends _________________
7,505 23
counts ____________________
57 05 Advances, personal accounts110 70
6 56 Salaries _____________________
A ll other receipts____________ *
1,100 00
Other e x p e n s e s ______________
454 65
A ll other disbursements_____
15 70
Balance, cash in office and
bank ---------------------------------4,501 38
Total r e c e ip ts ---------- ----- $236,846 91

Total disbu rsem en ts____ $236,846 91

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 9 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.




no

REPORT ON BU ILD ING

AN D LOAN ASSOCIATIONS.

No. 91.

VA LLEJO .

VALLEJO BUILDING AND LOAN ASSOCIATION.
(Incorporated October 26, 1911.)
W ade H . M adern , Secretary.

C h a s . E. P erry , President.

Fiscal year ended December 31, 1912.
Number of members and investors, 21.

Assets.

Loans
on
mortgages
and
shares _____________________
Cash in office and bank______
A ll other assets_______________

Total a s s e t s ____________

Guarantee stock, capital_____
$1,500 00 Investment certificates, prin­
cipal ---------------------------------390 69
46 51 Investment certilicates, divi­
dends -------------------------------Overdrafts and bills payable-

$1,818 00

Total lia b ilitie s _________

$1,943 20

$1,943 20

$1,818
47
95
35
144
100
19

00
00
89
00
11
00
50

Loans
on
mortgages
and
s h a r e s -------------------------------Investment certificates, prin­
cipal ---------------------------------Investment certificates, divi­
dends -------------------------------Salaries -------------------------------Taxes -----------------------------------Other e x p e n s e s ______________
A ll other disbursements---------

Balance, cash in
bank _________
Total r e c e ip ts __________

$2,259 50

20
100 00

$1,500 00
22 00
16
135
35
89

81 60

office and

Total disbursem ents------

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

Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal y e a r ,__per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.




25 00

Disbursements for Fiscal Year.

Receipts for Fiscal Year.

Guarantee s t o c k ____________
Investment certifica tes______
Interest _____________________
Premiums __________________
Loans r e p a id ________________
O verdrafts and bills payableAll other receipts____________

Number of shares, 65.
Liabilities.

888

Number of series, none.

396 69
$2,259 50

Ill

REPORT ON" B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 92.

V IS A L IA .

VISALIA BUILDING AND LOAN ASSOCIATION.
(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, 1913.
Number of series, none.

Number of members and investors, 404.

Liabilities.

Assets.

Loans
on
mortgages
shares
Arrearages—
On interest
Cash in office and bank

Total assets

Number of shares, 6,587.

Installment shares, dues
$166,990
and
• - $294,550 00 Installment shares, profits___ 76,298
Paid-up and prepaid shares,
capital
52,000
407 60
25,965 10 Paid-up and prepaid shares,
dividends
848
Overdrafts and bills payable- 17,400
Reserve and undivided profits
6,501
Loans due and incomplete____
312
Sundry ledger accounts
50
All other liabilities, interest
on bills payable
522
_

_$320,922 70

Receipts for Fiscal Year.

Total liabilities

$130,830 78




22
00
49
25
00
00

$320,922 70

$9,619 36
52,287 75
1,264 22
19,015 70
8,189 85
8,500 00
1,781
1,800
2,246
160

56
00
69
05

25,965 10

Total disbursem ents____$130,830 78

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

D ayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
W ithdraw al value, same as book value.

00

Disbursements for Fiscal Year.

Installment shares, dues
$33,939 28 Overdrafts and bills payablePaid-up and prepaid shares,
Loans
on
mortgages
and
dues
shares
31,100 00
Interest
24,405 55 Interest paid
Pines
repaid,
installment
15 40 Dues
Fees
shares
245 55
repaid,
installment
Loans repaid
37,625 00 Profits
shares
O verdrafts and bills payable3,500 00
Paid-up and prepaid shares,
capital
Paid-up and prepaid shares,
dividends
Salaries
Taxes
Other expenses
Balance, cash in office and
bank
Total receipts

13
61

112

EEPOET ON B U ILD IN G A N D LOAN ASSOCIATIONS.

No. 93.

W OODLAND.

NORTHERN CALIFORNIA BUILDING AND LOAN
ASSOCIATION.
(Incorporated October 2, 1911.)'
A. A. C olburn , Secretary.
H ahby L. H u s t o n , President.
Fiscal year ended December 31, 1912.
Number of series, none.

Number of members and investors, 65.

Assets.

Loans
on
mortgages
shares
Arrearages—
On shares
Cash in office and bank
Furniture and fixtures

Liabilities.

and
$2 4,55 6 86
1,3 20
3,4 09
371
150

All oth p r nss.pts

Total assets

Number of shares, 705.

00
01
25
00

$ 2 9,80 7 12

Receipts for Fiscal Year.

Guarantee stocik, capital ___ $1 0,21 4 4 0
Installment shares, dues
1,1 63 00
Installment shares, profits___
25 27
Paid-up and prepaid shares,
capital
..
1,8 22 00
Paid-up and prepaid shares,
3 0 75
dividends
..
_
Overdrafts and bills payable- 1 0 ,0 0 0 00
Loans due and incomplete____
6,0 95 95
Sundry ledger accounts, unearned premiums _ _
45 5 75
Total liabilities

_ _

$ 2 9,80 7 12

Disbursements for Fiscal Year.

Guarantee stock
$1 0,21 0 0 0 Loans
on
mortgages
and
3,0 96 50
Investment certificates _
shares
_ _ _
$2 2,08 7 61
1,5 32 76 Interest paid __
Interest
15 0 00
Premiums
473 75 Investment certificates, prinFees
228 70
cipal
110 00
Loans repaid
3,4 76 70 Investment certificates, diviO verdrafts and bills payable- 10 ,000 00
dends
_
________
2 00
2 ,1 9 8 00
___ __ _
Salaries
Other expenses
690 54
A ll other disbursements371 25
Balance, cash in office and
bank
3 ,4 0 9 01
Total receipts

$2 9,01 8 41

Total disbursem ents____ $2 9,01 8 41

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

Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
B ook value, dues plus dividend.
W ithdraw al value, same as book value.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102