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FIRST ANNUAL REPORT
C iE IO N il OF THE BANKING DEPARTMENT
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Federal Reserve Bank of St. Louis
STATE OF MICHIGAN.
DECEMBER 31, 1889.
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BY AUTHORITY.
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LANSING:
DARIUS D. THORP, PRINTER AND BINDER.
1890.
University of Colorado at Boulder
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Federal Reserve Bank of St. Louis
REPORT OF THE COMMISSIONER.
STATE OF MICHIGAN,
O f f ic e
of
State
the
C o m m is s io n e r
B a n k in g
5
of
the
!
D epartm ent,
Lansing, Mich., Dec. 31,1889.
J
Hon. Cyrus C. Luce, Governor of Michigan:
As required by Section 43 of the General Banking Law of the State of
Michigan, as amended July 3, 1889, I have the honor to submit for your
consideration the first annual report of this department.
When the present General Banking Law went into effect, January 7, 1889,
there were eighty banks incorporated and doing business under the State
law of 1858, as amended in 1873.
The following is an abstract of reports made to the State Treasurer
January 7, 1889:
R ESO U R C ES.
Hoans, discounts, bonds and mortgages.......................................................... $30,753,893 95
Overdrafts........................
61,803 18
Real estate, furniture and fixtures.....................................
534,411 76
Expenses and taxes...........................
62,646 31
Checks and cash item s.........................................................................................
238,006 66
Due from banks and bankers.............................................................................
4,008,836 10
Cash...............................................
3,303,819 23
Total...........................................
$38,963,417 19
L IA B IL IT IE S .
Capital stock........................................................ ................. .............................
Surplus......................................... ......................«............................ ......................
Undivided profits.... ............................................................................................
Deposits...................................................................................................................
Due banks and bankers.... .................
Dividends unpaid.....................................................................
Bills re-discounted......................................................................................
Bills payable.................................
$5,519,425
811,455
1,070,026
30,688,220
525,594
70,309
227,680
50,705
00
73
11
21
70
48
48
48
T otal................................................................................................. $38,963,417 19
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Federal Reserve Bank of St. Louis
4
REPORT OF THE COMMISSIONER OF
NEW
BA NK S.
From January 6, 1889, up to and including December 31, 1889, I have
authorized the incorporation of thirteen new banks and oue loan and trust
company, viz.:
The Belding Savings Bank, capital..................................................... . ...........
State Bank of White Pigeon, capital......................................... ......................
Citizens’ State Bank of Au Sable and Oscoda, capital. . . ..........................
Iosco County Savings Bank, Oscoda, capital............................... ................
Bank of Manistique, Manistique, capital............................... .......................
Mecosta County Savings Bank, Big Rapids, capital....................................
City Savings Bank, Detroit, capital.......................... ......................................
Clinton County Savings Bank, St. Johns, capital— ............................ .......
Commercial Savings Bank, St. Louis, ca p ita l..............................................
First State Bank of Holland, Holland, capital-------- --------- ----- ---------State Bank of Reading, Reading, capital.......................................................
Farmers and Merchants’ Bank of Milan, capital..........................................
First State Bank of South Haven, capital.......................................................
Michigan Trust Company, Grand Rapids, cap ital.......................................
An increase of bank capital in the State of......................................
N A T IO N A L
$50,000
25,000
50,000
50,000
50,000
50,000
250,000
85,000
25,000
85,000
25,000
25,000
50,000
200,000
00
00
00
00
00
00
00
00
Oh
00
00
00
00
00
$920,000 00
BA NK S.
The First State Bank of South Haven takes the place of the First
National Bank of South Haven, and is the first national bank in the State
that has availed itself of the provisions of Section 17 of the General Banking
Law, which provides for the changing over of national banks to State
organizations.
Our State Banking Law having adopted all the good features of the
National Banking Act, its depositors having the same security as do the
depositors in the national banks, its liberality as regards amounts loaned
to individuals or firms, the permitting the loaning on mortgages and
collateral security, together with the high price of United States bonds,
have induced several national banks to correspond with this department
with a view of changing to State organizations.
NUM BER
OF B A N K S .
There are now in this State ninety-three incorporated State banks, three
trust loan and security companies, and one hundred and thirteen national
banks. December 11, 1889, ninety State banks reported to this department.
R ESO U R C ES.
Loans and discounts................. ...................... .................................................... $22,624,667 12
Stocks, bonds and mortgages............................................................................ 15,645,031 54
Overdrafts...... ................................... ..................................................................
165,315 19
Due from banks in reserve c itie s....................................... .............................
5,182,241 12
Due from other banks and bankers..................................................................
298,942 90
Banking house furniture and fixtures..............................................................
523,466 20
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Federal Reserve Bank of St. Louis
5
THE BANKING DEPARTMENT.
Other real estate.................
Current expenses and taxes paid......................................................................
Interest paid..........................................................................................................
Exchanges for clearing house.......................................................................... Checks and cash item s.........................................................................................
Nickels and ce n ts^ ..............................................................................................
Gold coin..........................................................................................................
Silver coin.... .....................................................................- ...................... - ...........
U. S. and National Bank notes.......................................................................
$253,782
276,624
210,872
200,024
150,252
11,720
396,827
171,666
1,242,843
59
57
79
37
88
48
00
15
00
Total................................................................................... - ............. $47,354,277 90
L IA B I L I T I E S .
-Capital stock paid i n . . .........................................................................................
Surplus fund .........................................................................................................
Undivided profits...........................................................................................
Dividends unpaid...... .....................................................
Commercial and savings deposits......................................................................
Due to banks and bankers................................................
Notes and bills re-discounted.............................................................................
Bills payable..........................................................................................................
$7,254,559
1,132,329
1,679,925
2,571
36,051,783
809,678
386,429
37,000
10
90
61
63
83
07
76
00
Total.....................................................- .......................................... $47,354,271 90
Through the courtesy of Hon. E. S. Lacey, Comptroller of the Currency,
T am able to give an abstract of the reports of the one hundred and thirteen
national banks of this State, as reported to the Comptroller at Washington,
the same day, viz., December 11, 1889.
RESO U R C ES.
Loans and discounts................................................................... - ...................... $45,860,178 79
4,716,830 60
Stocks, bonds and mortgages.............................................................................
Overdrafts...................................................- ..........................................................
214,415 50
Due from banks in reserve cities.......................... . . . ............- ......................
5,273,805 17
Due from other banks and bankers.................................. ..............................
1,417,240 70
Banking house furniture and fixtures..............................................................
1,161,347 88
Premiums on United States bonds............................................................ .......
506,812 27
Other real e sta te ..................................................................................................
696,499 38
Current expenses and taxes paid.....................................................................
314,041 78
Exchanges for clearing house.................................... - ..........................- .........
351,040 73
Checks and cash item s...........................................................- ............................
206,917 13
Nickels and cents........ ................................................................................. .......
28,147 37
Gold coin................................................................................................................
2,181,437 90
Silver coin......................................................................................................... —
444,031 33
United States and National Bank notes...........................................................
2,502,819 00
Due from United States Treasurer................................................................ .
175,937 44
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Federal Reserve Bank of St. Louis
Total........ ^ ................................................ - ................................... 466,051,502 97
6
REPORT OF THE COMMISSIONER OF
L IA B IL IT IE S .
Capital stock paid i n . . . ................... ................................................................... f 15,674,600 00'
Surplus fund .........................................................................................................
3,173,932 03
Undivided profits........ t .................... ...................................................................
2,589,639 53
Dividends unpaid........ .............. ................................................................. . . . .
25,279,32
Commercial deposits......................................................................................
35,217,989 08
Due to banks and bankers.......................
5,857,859 32
National Bank notes outstanding......................................................................
2,853,300 00
Notes and bills re discounted...............................................................
658,903 69
Total........................
$66,051,502 97
By the preceding tables it will be seen that the two hundred and three
incorporated banks of this State reported December 11, 1889, as follows:
R E SO U R C E S .
Loans and discounts............................................................................................ ' $68,484,845
Stocks, bonds and morigages .................................
20,361,862
Overdrafts.............................................................................................................
379,730
Due from banks in reserve c itie s.................................................................... 10,456,046
Due from other banks and bankers.......... .....................................
1,716,183
Banking house furniture and fixtures..............................................................
1,684,814
Other real estate...................................................................................................
950,281
Current expenses and taxes paid.....................
590,666
Interest paid...........................................................................................................
210,872
Exchanges for clearing house................
551,065
Checks and cash items......................
357,170
Nickels and cents..............................................
39,867
Gold coin................
2,578,264
Silver coin ......... ........................
615,697
United States and National Bank notes................................
3,745,662
Due from United States Treasurer....................................................................
175,937
Premiums on United States bonds............................................
506,812
91
14
69
29
60
08
97
35
79
10
01
85
90
48
00
44
27
Total...................................................................................................$113,405,780 87
L IA B IL IT IE S .
Capital stock paid in ..................................... _.................................................... $22,929,159 10
Surplus fu n d ...................................... ..................................................................
4,306,261 93
4,269 565 14
Undivided profits........................................................... ........................ .............
Dividends unpaid......................................................................................... .......
27 850 95
Commercial and savings deposits.................................................................... 71,269,772 91
Due to banks and hankers................................ ..................................................
6,667 537 39
National Bank notes outstanding.....................................................................
2,853,300 00
Notes and bills re-discounted...........................................................................
1,045,333 45
Bills payable...........................................................................................................
37,000 00
Total.........................................................- ...................... . * . .......... $113,405,780 87
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Federal Reserve Bank of St. Louis
7
THE BANKING DEPARTMENT.
RESERV E
C IT IE S .
For the convenience of the State Banks, I have approved the following
as reserve cities: Detroit, Grand Rapids, Bay City, the Saginaws, Kalama
zoo, Jackson, Muskegon, Lansing, Chicago, Milwaukee, St. Paul, Minneap
olis, Kansas City, Cleveland, Cincinnati, Toledo, Pittsburg, Buffalo, Boston,
Philadelphia, Washington and New York.
The law which provides that savings banks shall keep on hand, or on
deposit in banks in reserve cities, fifteen per cent of their deposits, has had
a tendency to mass deposit; in the large cities designated by the Commis
sioner as reserve cities.
The following statements show the condition of the banks, both State
and national, in the four largest reserve cities in the State, viz.: Detroit,
Grand Rapids, the Saginaws and the Bay Cities, as reported December 11,
1889:
D E T R O IT B A N K S .
R esources.
F o u r te en
S t a te B a n k s .
E ig h t
N a t io n a l B a n k s .
Total.
L oans, sto ck s, bonds an d m o r tg a g e s ........................................
821,569,873 52
$16,478,403 93
O v erd ra fts....................................................................................
23,709 01
9,118 46
$38,048,277 45
32,827 50
D u e fro m b a n k s................................................... - - - ................
3,328,208 40
2,582,177 19
5,910,385 58»
R e a l e sta te , fu rn itu r e an d fix tu r es.......................... .. —
311,254 74
291,403 53
602,658 27
E x p en ses, ta x e s a nd in ter e st p a id ....................................-
261,972 91
64,567 99
326,540 90’
239,062 50
239,062 50'
173,747 25
295,306 60
469,053 85
42,363 55
42,363 55
C a s h ...............................................................................................
1,018,395 90
2,341,169 74
3,359,565 64
T o ta ls ...............................................................................................................
$26,687,161 76
$22,343,573 49
$49,030,735 25
C a p ita l sto ck paid in .................................................................................
82,803,910 00
$4,400,000 00
$7,203,910 00
S u rp lu s fu n d a nd u n d iv id e d profits ...........................................
1,303,729 38
1,204,785 67
2,508,515 05
D e p o sits.........................................................................................
22,579,522 38
16,342,340 38
38,921,862 76
____________________ _____ _____
332,840 00
332,840 00
N o tes a n d b ills r e-d isco u n ted ..............................................
63,607 44
63,607 44
$22,343,573 49
$49,030,735 25
E x ch a n g e s for c le a rin g b o u se .............................................
P
ud
fro m TT
S , t r o a s u r e r ________ _________________ - ...........
L ia b ilities.
C iroulivtiug
n o tfis
__
T o ta ls ......................................................................................
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Federal Reserve Bank of St. Louis
826,687,161 76
8
REPORT OF THE COMMISSIONER OF
G R A N D R A P ID S B A N K S.
Three
R esources.
State Banks.
Five
National Banks.
Total.
L oans, sto ck s, bonds a n d m o r tg a g e s................................
SI,335,728 48
85,899,843 49
O v e r d r a fts.........................................- ........................................
218 74
19,435 07
19,653 81
D u e from b a n k s ................. .......................................................
156,436 59
1,038,889 85
1,195,326 44
R e a l esta te, fu rn itu r e and fix tu r es...................................
11,687 88
206,433 11
218,120 99
E xp en ses, ta x e s an d in t e r e s t......... .................. ..
12,329 45
31,338 87
43,668 32
44,557 CO
44,557 00
...........
P rem iu m s on IT. ft. b o n d s....................................................
E x ch a n g e s fo r c le a rin g h o u se..............................................
2,409 51
D ii pi fr o m TT. ft. tr e a su r e r ............................................. ........
$7,235,571 97
55,734 13
58,143 64
11,125 00
11,125 00
C a s h ............................................................................. ..................
64,202 71
577,413 81
641,616 52
T o ta ls......................................................................................
SI,583,013 36
87,884,770 33
$9,467,783 69
C a p ita l sto ck paid in ...............................................................
$398,671 10
$2,200,000 00
$2,598,671 10
Su rp lus an d u n d iv id e d profits.............................................
36,418 61
503,021 95
539,440 56
D ep o sits..........................................................................................
1,147,923 65
4,868,748 01
6,016,671 66
L ia b ilities.
C ircu la tin g n o t e s ........ _..............- ..................................... .....
N o tes a nd b ills r e-d isco u n te d .............................................
T o ta ls..............- ......................................................................
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Federal Reserve Bank of St. Louis
$1,583,013 36
199,200 00
199,200 00
113,800 37
113,800 37
$7,884,770 33
$9,467,783 69
9
THE BANKING DEPARTMENT.
T H E S A G IN A W B A N K S .
R esou rces.
L oans, sto ck s, bonds and m o r tg a g e s..............................
Four
State Banks.
Six
National Banks.
Total.
$¿,161,662 92
$3,791,994 76
O v e r d r a fts..................................................................... .............
2,419 20
8,087 67
10,506 87
D ue fro m b a n k s.........................................................................
360,474 47
248,353 96
598,828 43
R ea l e sta te , fu rn itu r e an d fix tu res ................................
52,783 10
58,385 77
111,168 87
E x p en ses, ta x e s and in t e r e s t ................................ .
16,607 33
29,378 16
45,985 49
$5,953,657 68
P rem iu m s o n U , S. b o n d s.....................................................
18,375 00
18,375 00
E x ch a n g e s fo r c le a rin g h o u se ...........................................
12,884 70
12,884 70
D u e fro m U . S. T rea su rer...............................................
10,125 00
10,125 00
C a sh .........................................................................................
37,731 61
243,698 96
281,430 57
T o ta ls .............................. - ..............................................
$2,621,678 63
$4,421,283 98
$7,042,962 61
$400,000 00
$1,000,000 00
$1,400,000 00
113,415 62
467,742 8Ï
581,158 43
2,040,162 53
2,522,357 13
4,562,519 66
200,260 00
200,260 00
68,100 48
230,924 04
299,024 52
$2,621,678 63
$4,421,283 98
$7,042,962 61
L ia b ilities.
C a p ita l sto ck paid in ........................................................
S u rp lu s a nd u n d iv id ed profits.........................................
D e p o sits.......................................................................
C ir cu la tin g n o tes...............................................................
N o te s and b ills r e -d is c o u n te d ...........................................
T o ta ls.......................................... ............................
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Federal Reserve Bank of St. Louis
10
REPORT OF THE COMMISSIONER OF
T H E B A Y C ITY B A N K S .
Five
State Banka.
R esources.
Two
National Banks.
Total.
L oans, sto ck s, bonds a nd m o r tg a g e s..............................
$1,801,250 92
$1,637,173 51
O v e r d r a fts........................ .........................................................
7,650 27
937 68
8,587 95
D ue fro m b a n k s .......................................................................
115,613 21
99,129 91
214,743 12
R e a l esta te fu rn itu r e and fix tu r e s ....................................
27,103 62
39,000 00
66,103 62
E x p en ses, ta x e s a nd in t e r e s t............... ............................
25,416 69
9,573 54
34,990 23
P rem iu m s on U , S. b o n d s....................................... ..............
$3,441,424 43
7,500 00
7,500 CO
4,692 20
7,777 97
12,470 17
6,000 00
6,000 00
C a sh ...............................................................................................
77,775 50
133,295 15
211,070 65
T o ta ls .................................................. ..................................
$2,062,502 41
$1,940,387 76
$4,002,890 17
C a p ita l sto ck p aid in ...............................................................
$374,950 00
$450,000 00
$824,950 00
Su rp lus an d u n d iv id ed p rofits...........................................
171,782 89
228,256 64
400,039 53
D ep o sits..........................................................................................
1,405,043 71
1,111,840 44
2,516,884 15
E x ch a n g e s fo r clea rin g h o u se .............................................
D ue fro m U. S. T rea su rer................. ..................................
L ia b ilitie s.
C ircu la tin g n o tes....................................................
N o tes and b ills r e-d isco u n ted ........................
T o t a ls ................................................
. „
90,000 00
90,000 00
110,725 81
60,290 68
171,016 49
$2,062,502 41
$1,940,387 76
$4,002,890 17
STO C K H O LD ER S.
The ninety State Banks reported so this department December 11, 1889,
$7,254,559.10 as their capital stock.
This capital stock is owned by 2,885 different shareholders in the follow
ing proportion:
817 owning
826 owning
491 owning
526 owning
225 owning
$500, and less.
more than $500, up to and including $1,000.
more than $1,000, up to and including $2,000.
more than $2,000, up to and including $5,000.
more than $5,000 each.
This table shows that the shares of stock are widely distributed, those
holding $1,000, being greater in number, caused no doubt by the law requir
ing at least that amount to make the shareholder eligible as a director.
S A Y I N G S D E P O S IT S .
Fifty-nine of the banks reporting are savings banks, or banks with savings
departments, and these report savings deposits as $23,669,030.20, and the
number of depositors in the savings department as 97,803.
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Federal Reserve Bank of St. Louis
THE BANKING DEPARTMENT.
11
The average rate of interest paid to these savings depositors is 3 8-10 per
cent.
You will see by this that the savings banks of the State are really philan
thropic institutions, paying out as they do, nearly $800,000 annually as
interest to the depositors, thereby encouraging and making it possible for
the people to save their money until the amount is sufficient to engage in
business or purchase a home.
The Legislature at its last session passed a general trust, deposit and
security company law, and made this department responsible for its execution.
“The Michigan Trust Company of Grand Rapids,” with a capital of
$200,000, has been organized under the provisions of this act, and has
deposited with the State Treasurer, stocks, bonds and motgages, to the
amount of $100,000, as required by law.
This company is well officered, and we see no reason why it should not
succeed.
The “Fidelity Loan and Trust Company,” and the Trust, Security, and
Safe Deposit Company both of Detroit, are under the provisions of this law,
but thus far, have confined their business solely to that of renting safes and
other compartments in safe deposit vaults, and in receiving and caring for
valuable packages in storage.
REPO ETS.
Four times during the year, the State banks have reported their condition
upon blanks furnished by this department.
These reports were made May 13, July 12, September 30, and December
11 .
Occurring as they do at different seasons of the year, the date upon which
the call was made being a past day, unknown to the bank officer until the
the call was made, we may consider these reports as a fair representation of
the business of the different banks for the year.
I cannot too heartily commend that section in the banking law which
provides for the publication of these reports, when called for by the commis
sioner.
It is not only a statement to the depositors of the condition of the bank in
which they have deposited their money, but it stimulates bank officers to
greater diligence and watchfulness in the affairs of the bank.
In addition to the four reports mentioned above, a personal examination
has been made of the affairs of each bank incorporated under the general
banking law of the State, and with a very few exceptions were found in
excellent condition; their greatest fault being, excessive loans, a looseness
in their methods of book-keeping, and carelessness as regards past due paper.
Bank officers are not wholly to blame for the latter, as borrowers at our
country banks, do not, as a class, sense their obligations, as do the borrowers
at our city banks.
It is difficult for some men to understand why their note is not just as
good sixty days after due, as it was thirty days before.
However, bank officers are making every effort to correct these matters*
and we have reason to believe will succeed.
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Federal Reserve Bank of St. Louis
12
REPORT OF THE COMMISSIONER OF
EX PEN SES.
The total expenses of this department for the year ending December 31,
1889, were $6,561.22, and are made up of the following items:
Salary of T. C. Sherwood, Commissioner....................................................................$2,467 96
Salary of E. A. Sunderlin, Deputy Commissioner................................................... 1,725 00
Salary of L. M. Sherwood, Clerk.........................................................
700 00
Expenses incurred in examinations, e tc ..................................................................... 1,668 26
This department has been nearly self supporting, as the fees received dur
ing the year amount to $4,754.92, which is one-hundredth part of one per
cent of the gross amount of the assets of each bank at the time the examina
tion was made.
The following is a list of the banks examined, and the amount paid by
each, which has been deposited with the State Treasurer in accordance with
section 40 of the General Banking law:
Citizens’ State Bank, Au S ab le..................................................................................... $10 00
Iosco County Savings Bank, O scoda............................................................................
10 00
Manistique Bank, Manistique................................. .....................................................
10 00
10 00
Carson City Savings Bank, Carson City........ ..... ........................................................
Farmers’ Bank, Grass Lake.............................................................................................
10 00
Oxford Savings Bank, Oxford............................ .........................................._...............
10 00
Charlevoix Savings Bank, Charlevoix........................................... .............................
10 00
Mecosta County Savings Bank, Big Rapids...............................................................
10 00
State Bank, Fenton.........................................................................................................
10 34
State Bank, St. Johns.....................................................................................................
17 08
Belding Savings Bank, Belding..................................................... ............................
10 00
Montcalm County Savings Bank, Stanton..................................................................
10 00
Commercial Bank, Mt. Pleasant.....................................................................................
17 36
People’s Savings Bank, Mt. Pleasant............................................................................
10 00
Ionia County Savings Bank, Ionia................................ ...............................................
26 45
Hastings City Bank, Hastings........................................................................................
12 61
Farmers and Merchants’ Bank, Nashville..................................................................
10 00
Michigan State Bank, Eaton Rapids..............................................................................
15 69
Lake Odessa Savings Bank, Lake Odessa.................................. .................................
10 00
West Michigan Savings Bank, Bangor........................................................................
10 00
Farmers and Merchants’ Bank, Benton Harbor......................................................
15 37
Union Banking Company, St. Joseph...................... ......... ........................................
16 00
People’s Savings Bank, West Bay City...... .................................................................
10 00
Jackson City Bank, Jackson......................... ................................................................
78 19
Genesee County Savings Bank, Flint............................................................................
55 H
People’s Bank, Leslie........................................................................................................
10 00
Bay County Savings Bank, Bay City..................................................... ......................
35 62
Commercial Bank, Bay City.................................. ......................................................
31 71
Union Bank, Jackson............................ ..................................... .....................................
67 83
Farmers’ Bank, Mason..........................................#..........................................................
19 16
Bay City Bank, Bay City...............................................................................................
89 90
•Central Savings Bank, Detroit.......................................................................................
34 64
Home Savings Bank, Detroit....................................................._...................................
78 74
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Federal Reserve Bank of St. Louis
13
THE BANKING DEPARTMENT.
Citizens’ Savings Bank, Detroit............................
Sault Savings Bank, Sault Ste. Marie...................
Merchants and Miners’ Bank, Calumet..............
Peninsula Bank, Ishpeming...................................
People’s Savings Bank, Lansing............................
Ingham County Savings Bank, Lansing.............
State Bank, Carson City.........................................
Central Michigan Savings Bank, Lansing...........
Kalamazoo Savings Bank, Kalamazoo..........—
Paw Paw Savings Bank, Paw Paw .....................
Peninsular Savings Bank, Detroit....................... .
State Savings Bank, Detroit..................................
Mechanics’ Bank, Detroit......................................
Lumbermans’ State Bank, West Bay City........
Savings Bank of East Saginaw, East Saginaw.
People’s Savings Bank, East Saginaw................
Bank of Saginaw, Saginaw City.........................
City Bank, Dowagiac..................... ........................
Chelsea Savings Bank, Chelsea...........................
City Bank, Battle Creek.........................................
German American Bank, Detroit.........................
Farmers’ State Bank, Concord............................
Ypsilanti Savings Bank, Ypsilanti............. .........
Ann Arbor Savings Bank, Ann Arbor............. ..
Farmers and Mechanics’ Bank, Ann Arbor---People’s Savings Bank, Detroit............................
Dime Savings Bank, Detroit.................. ...............
Lapeer County Bank, Imlay City.........................
Pioneer Bank, North Branch................................
Mt. Clemens Savings Bank, Mt. Clemens.........
Commercial Savings Bank, St. Clair...................
Commercial Bank, Port Huron......... .................
Port Huron Savings Bank, Port Huron..............
State Bank, White Pigeon.....................................
Commercial and Savings Bank, Adrian.............
Hillsdale Savings Bank, H illsdale.....................
First State Bank, H illsdale..................................
People’s Bank, Manchester....................................
Lenawee County Savings Bank, Adrian............
State Bank, Midland...............................................
Midland County Savings Bank, Midland............
Oceana County Savings Bank, Hart...................
Grand Rapids Savings Bank, Grand Rapids---Kent County Savings Bank, Grand Rapids.......
Michigan Trust Company, Grand Rapids..........
Muskegon Savings Bank, Muskegon...................
First State Bank, Holland.....................................
Commercial Savings Bank, St. Louis............. .
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Federal Reserve Bank of St. Louis
$71
20
52
15
95
87
68
64
10 00
27 31
10 00
61
48
12
158
177
108
40
103
30
83
19
56
17
89
49
47
77
22
70
78
91
04
20 66
53 79
113 40
10 00
30
66
28
568
110
13
32
91
52
49
26
21
10 00
43
17
26
64
96
59
50
45
10 00
36
26
12
12
57
55
44
09
38
71
11 12
10 00
11
87
50
21
40
25
86
26
24
14
10 00
10 00
REPORT OF THE COMMISSIONER OF
Clinton County Savings Bank, St. Johns...................................................................... $10 00
Wayne County Savings Bank, Detroit......................................................................... 514 07
Detroit Savings Bank, D etroit.......................... ..................... ..................................... 455 57
Michigan Savings Bank, Detroit......................f ............ .............. ..................... ........ 137 40
City Savings Bank, Detroit........................................ ..................................... ..............
28 66
American Banking and Savings Association, Detroit...............................................
98 77
Wyandotte Savings Bank, Wyandotte.........................................................................
26 58
Williamston State Bank, Williamston..........................................................................
10 00
First State Bank, Reading........................................................................ ......................
10 00
Milford State Bank, Milford................. ...........................................................................
17 74
Saginaw County Savings Bank, Saginaw City...........................................................
31 28
R ESERV E.
I would call your attention to that part of section 27 of the General
Banking Law, that deals with the reserve of savings banks.
The first part of section 27 provides that savings banks “ shall keep on
hand at least fifteen (15) per cent of its total deposits in money in its own
vaults, or on deposit, payable on demand, with banks, national or State, in
cities approved by the Commissioner as reserve cities, or invested in United
States bonds.”
You will see by this that savings banks are not required to keep any
portion of their reserve in their own vaults, but can deposit it in other
banks, payable on demand.
Yearly all the savings banks in the State keep as much of their fifteen
per cent reserve fund as they can spare with other banks and receive interest
thereon.
This interest account is a matter of great importance to the savings
banks, and if deprived of it they could not pay as high a rate of interest to
the depositor as they are now paying.
But is the law, permitting the depositing the entire reserve of savings
banks with other banks in reserve cities, consistent with sound conservative
banking?
Some think it is, claiming that if banks were compelled to lock up two
million dollars of their reserve in their own vaults, it would very seriously
affect the business interests of the State.
December 11, the fourteen savings banks in the city of Detroit, although
they had a large portion of their reserve in cash in their own vaults, yet had
on deposit in the national banks of the city $2,139,990.94.
Now, the question is, should the officers of savings banks decide for them
selves as to the amount of reserve they should keep on hand; or should they
be required by law to keep a certain per cent of said reserve in cash in their
own vaults, as commercial banks are required to do in section 24 of the
General Banking Law?
There are strong arguments for and against this proposition, and having
called your attention to the matter, I leave the question for others to
-decide.
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Federal Reserve Bank of St. Louis
THE BANKING DEPARTMENT.
P E IY A T E
15
BA NK S.
Notwithstanding this has been a reasonably prosperous year for banking
institutions, three private banks have failed during the year, viz.:
“ The Bank of Evart,” Allen Campbell cashier and proprietor, located at
Evart, Michigan; H. G. Packard & Co., bankers, Reed City, Michigan;
Weimeister & Co., bankers, Howell, Michigan.
The Bank of Evart closed its doors, and Mr. Campbell left Evart
January 9, 1889. Liabilities, as far as can be ascertained, about $12,000;
assets, nothing.
No settlement has been effected, and it is not probable that creditors will
receive anything.
H. G. Packard & Co., bankers, made an assignment September 27, 1889.
Liabilities, $42,313.22,—all due depositors; assets, $57,290.65.
A large portion of this is poor paper, and we are informed that creditors
will not receive more than thirty cents on the dollar.
Weimeister & Co. failed September 25, 1889. Liabilities about $125,000,
of which $100,000 of more is due depositors. Assets about $105,000.
On account of litigation and poor paper, it now looks as though creditors
would receive a very small percentage of liabilities.
Neither Mr. Campbell or Weimeister & Co. ever filed the necessary
papers with the county clerk, as the law directs.
In view of these facts, the question arises, should not the private banks
and bankers be subject to the same laws that control and govern the regu
larly incorporated banks of the State?
Why should one class of banks be under restrictions for the protection of
the depositor, and another class be allowed to receive deposits, sell exchange,
in fact do a regular banking business, without any restrictions whatever, not
even making public the amount of capital invested in the business?
The amount of capital should at least be made public, as a wealthy private
banker, if he felt disposed, could easily avoid paying his proportion of taxes,
by returning for taxation a small amount of the capital invested in his busi
ness, while a banker with small capital could return a large amount, and by
so doing, induce the public to deposit with him, under the impression that
he was abundantly able to meet all demands, when in fact he was entitled
to little or no credit.
There are now over two hundred private banks doing business in this State,
many of which are managed by careful, conservative business men, and are
entitled to the confidence of the public, but there is no doubt that a large num
ber have not complied with section 3128 of chapter 85 of Howell’s Annotated
Statutes of Michigan, which provides “ That no person or persons shall be
engaged in the business of a broker, or of buying or selling current or uncur
rent money, or bank notes, or in the exchange thereof, or in the buying or sell
ing exchange, or in the exchange of coins, or in the receiving of deposits of
money or bank notes, as such broker or exchange dealer, unless such person
or persons shall first make and file with the county clerk of the county in
which such broker’s office is or shall be located, a certificate, etc.”
Again, many of these banks by their books, checks, letter heads, and also
by the sign in their windows, or at the front of their office, convey to the
public the idea that they are incorporated banks, which is plainly in viola
tion of section 3133, to which your attention is called.
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Federal Reserve Bank of St. Louis
16
REPORT OF THE COMMISSIONER OF
It is evident to me that a law should be enacted forbidding any person or
persons using the name “ bank” or “ bankers” for business purposes of a
financial nature, unless they are incorporated under the General Banking
Law of the State, or of the United States.
I know it is urged by some that a person has a right to carry on his pri
vate business in any way he may desire, without dictation or supervision,
but they should remember that when a banker invites deposits from the
public, it ceases to be a private business and becomes a public matter, and if
public, then the people should know the amount of capital in the business,
and the disposition of the deposits made by the depositor.
The sound, conservative banks do not fear to make an exhibit of their
liabilities and assets, and all others have no right to the name “ bank” which
today carries with it the idea of safety and honesty of purpose.
Again, when a private bank is owned by an individual or by two or more
partners, if the proprietor or one of the partners should die, in most
cases it would become necessary to close up the business, and that through
the tedious process of the probate court.
This would not only cause great annoyance and inconvenience to the bus
iness community, but the estate of the banker would suffer loss, as no bank
ing business could be summarily closed without damage to the estate, and
in some cases the shrinkage would be so great as to cause loss to the
depositor. For this and other reasons many private bankers in the State
have already incorporated under the General Banking Law, and several
others have intimated their intention of doing so in ihe near future.
B U IL D IN G
AND
L O A N A S S O C IA T IO N S .
There is another class of business of a financial nature to which I would
call your attention, and that is the Building and Loan Associations.
Any business that fosters and cares for the savings of the laboring man, or
makes it possible for him to secure a home for his family, should receive the
sanction and support of every individual.
On the other hand, every corporation or association that, by the promise
of large gains, induce the laboring man to invest his earnings with them,
and then by fraud and dishonesty deprive him of his savings, should receive
the condemnation of all honest men.
Local building and loan associations have prospered and done much good
in many eastern cities, and where they were honestly and economically con
ducted, have assisted many families in securing homes, without which assist
ance, they never could have succeeded.
I am satisfied, however, that the member of the association is principally
benefited on account of the accumulation of his savings rather than by the
benefit derived from the loan he makes from the association. I know he
can borrow a larger amount on the property he desires to mortgage than he
could obtain from a savings bank. I also know he pays a larger interest.
But where every member is a borrower, as well as a depositor, it matters
but little whether he pays six per cent or twelve per cent, as he shares in
the profits. But where one-half of the membership are borrowers and the
other half deposit solely as an investment, it is clear to me that, if large
profits are realized, the depositor is benefited at the expense of the bor
rower.
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Federal Reserve Bank of St. Louis
THE BANKING DEPARTMENT.
17
There are now fifty-nine building and loan associations, several investment
and security companies, national building associations, and others of a like
nature in this State, all seeking business, and all depending upon the public
for support.
With money as plentiful as it now is, it is safe to look with suspicion
upon any enterprise whose promoters claim a return of twenty-five or thirty
per cent on the investment.
If it was necessary a few years ago to enact a law forbidding foreign
insurance companies doing business in this State unless they complied with
certain requirements, it is of much more importance that some restrictions
be placed upon those building associations organized in other States, and
doing business in this, not subject to our laws, and of whose responsibility
we know little or nothing. All building and loan associations, in fact every
association of a financial nature that invites deposits, should be under some
State supervision for the protection of the public.
Those associations that are honestly and economically conducted do not
fear an examination, and all others have no right to exist.
B A C K IN G
DEPARTM ENT.
Although this department has been ready to meet every demand made
upon it, so far as blanks for the different reports and for the incorporation
of banks are concerned, yet it can hardly be said that the State Banking
Department is thoroughly or satisfactorily organized at the present time.
As there was no precedent to follow, we had to commence at the begin
ning, and as in other departments of State, time and experience only will
determine the best measures to adopt in making successful the great bank
ing interests of our State, over which this department is placed.
The degree of success the department has already achieved is in a great
measure due to the hearty co-operation of the several banks, whose cheerful
compliance with the requirements of the new banking law have rendered
easy the duties of this department which otherwise would have been burden
some.
In this connection, allow me to call your attention to the honesty and
integrity of the officers and clerks in our State banks during the past year.
Numbering nearly 500, and handling as they do over one hundred
millions of dollars in cash and its representative, without proving un
faithful to the trust imposed in them, is a matter worthy of favorable
mention, in these times of political and official dishonesty.
I might further state, that so far as I have been able to ascertain, the
same will apply to officers and clerks in the national banks of the State.
In concluding this report, I would suggest that the legislature, realizing
the magnitude of the banking business of the State, and the varied interests
that are dependent upon its success, will examine closely'every amendment
to the General Banking Law that is offered, and adopt those amendments
only which will be of obvious benefit to the State at large, and not for a
particular locality.
The succeeding pages contain a detailed financial report of each institu
tion required to make a report to this department, together with the names
of officers and directors; also, a copy of the General Banking Law of the
State.
3
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Federal Reserve Bank of St. Louis
18
REPORT OF THE COMMISSIONER OF
In conclusion, the Commissioner gratefully acknowledges the faithful and
efficient service of the deputy and clerks associated with him in the dis
charge of official duties.
THEODORE C. SHERWOOD,
Commissioner of the Banicing Department.
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Federal Reserve Bank of St. Louis
REPORTS
OF THE
STATE A ID SAVINGS BANKS
As Made to the Commissioner of the State Banking
Department,
MAY 13, JULY 12, SEPTEMBER 30, AND DECEMBER 11,
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Federal Reserve Bank of St. Louis
1889.
*
A
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Federal Reserve Bank of St. Louis
21
THE BANKING DEPARTMENT.
No. 89.
T H E C O M M E R C IA L S A V I N G S B A N K , A D R I A N .
O rganized M ay 10,1888.
W . J. Cocker, P resident; S. H owell, Vice President; W m. B. Thompson, Cashier.
Directors—W. J. C ocker, S eym ou r H o w ell, J. G. M ason, C. R. M iller, N orm an Geddes, A*
B en n ett, A . M. Step henson , C has. B ow erfln d, D . M etcalf.
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d isc o u n ts_____ ______ . . . ____ _____ ____
«112,054 63
$105,376 56
$110,629 81
$120,857 23
S tock s, bonds an d m o r tg a g e s____________________
182,917 21
195,769 46
203,752 36
198,342 36
1,503 55
1,261 02
1,240 21
1,070 00
O n e fr o m h a n k s in r e s e r v e c i t ie s ____ _____ ______
34,851 70
39,460 87
23,282 83
33,050 60
O n e fr o m o th e r h a n k s a n d h a n k e r s _______________
455 96
1,082 99
713 69
11,675 01
2,324 93
2,524 93
2,536 93
2,536 93
O v e r d r a fts
________________________________ . . . . . . . .
B a n k in g h o u se
-- ____
_____
F u rn itu re and fix tu r e s ______ ________________ ____
O fh e r re a l e s t a t e
C urrent ex p en ses a nd ta x e s p a id ________________
4,160 24
271 67
1,467 41
2,216 05
In te r est p a id _____________ _______________________
869 54
110 06
437 32
3,199 73
908 20
F x c h a n g e s fo r c le a r in g h o u s e
1,244 04
742 18
1,252 56
N ic k e ls a nd p e n n ie s _____ ____ - ........ ................. .........
98 53
141 98
13 36
20 79
G o ld co in ................................................ .................................
6,000 00
5,000 00
2,000 00
6,000 00
C h e c k s an d e a sh it e m s __________________________
S ilv er c o i n ________________________ ____________
328 15
226 00
925 90
299 45
U n ite d S ta te s a n d N a tio n a l b a n k n o te s ........... ........
18,102 00
12,968 00
11,098 00
12,810 00
T o t a ls ____ _______________________________ ___
$364,910 48
$364,935 72
$359,350 38
$392,986 35
#
L ia b ilitie s.
C a p ita l s t o c k p a id i n _____ ______________________
$64,125 00
$75,000 00
«75,000 00
$75,000 00
9,821 10
4,427 68
8,376 75
12,004 52
70,841 38
74,575 87
70,389 97
97,483 35
37,620 68
39,813 99
Su rpl u s f u n d
U n d iv id e d p r o fits________________________________
D iv id e n d s u n p a id
In d iv id u a l dep osits su b ject to c h e c k _____________
C ertificates o f d ep o sit
________ ________________
O n e to h a n k s an d h a n k e r s
48,228 84
42,192 17
25 21
1,224 28
C a sh ier’s ch eek s o u tsta n d in g
S a v in g s d e p o sits________________________ _______
170,669 8S
168,740 00
167,937 77
168,684 49
«364,910 48
«364,935 72
8359,350 38
$392,986 35
N o t e s an d h ills r e -d is c o u n te d
B ills pa.yahle.
T o ta ls ___________ _________________ _________
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Federal Reserve Bank of St. Louis
22
REPORT OF THE COMMISSIONER OF
No. 66.
L E N A W E E C O U N T Y S A V IN G -S B A N K , A D R I A N .
O rganized F eb ru a ry 1,1872.
J . R . B ennett, P resid en t ; J. K . B oies, Vice P resid en t; H . Y . C. H art , Cashier;
C. D. H ardy , A ssistant Cashier.
Directors—Josep h R . B en n e tt, W m . W . B ru ce, W m . S. W ilc o x , C lin ton D . H a rd y , H . V . C^
H a r t, Jno. K . B oies.
Report of
May 13.
R esources.
Report of
July 12.
Report of
Sept. 30.
Report of
Pec. 11.
L oan s a n d d is c o u n ts .........._...................................- .........
$32,918 84
$31,720 45
$27,369 82
$34,152 59
S tock s, bonds a nd m o rtg a g es............... ..........................
441,991 10
454,120 55
467,572 84
454,801 51
183 56
800 41
562 57
83,653 35
71,019 89
54,284 09
O verdrafts .............................................................................
D u e fro m ib a n k s in reserv e c i t i e s ________________
D u e fro m oth er b a n k s a n d b a n k ers _
80,643 30
1,200 00
____
“R anking h o u s e ___________ _________
F u rn itu r e anrl fix tu res _
O ther r ea l e s t a te .......... .......................................................
2,293 92
2,293 92
2,293 92
C urren t e x p e n ses an d ta x e s p a id ................................
2,325 97
3,019 20
4,400 18
2,643 38
5,416 61
12,643 51
In te r est p a id ................................................................... - __
E x ch a n g e s for c le a r in g h ou se
486 07
1,370 58
586 40
8,110 00
5,556 00
10,102 00
1,711 00
600 04
2,234 18
288 69
297 57
16,945 00
10,987 00
8,337 00
8,821 00
$585,928 12
$594,254 28
$594,755 33
$575,920 23
8100,000 00
$100,000 00
8100,000 00
$100,000 00
U n d iv id e d profits.................................................................
18,927 03
18,912 29
23,633 39
38,614 88
D iv id en d s u n p a id .................................................................
101 2§
130 00
2,731 55
502 80
464,746 57
475,211 99
468,390 39
436,802 55
$585,928 12
$594,254 28
$594,755 33
$575,920 23
C hecks an d ca sh ite m s .................................. ....... ............
75 48
N ic k e ls and p en n ies
24 47
G old c o in ............................ ...................................................
S ilv er coin
U. S. and N a tio n a l ban k n o tes.......................................
T o ta ls...... ................................................ ...................... .
L ia b ilitie s.
C a p ita l sto ck paid in ..........................................................
S u rp lu s fu n d __ ■.............................................
I n d iv id u a l deposits, su b ject to c h e c k ..........
C ertifica tes o f d e p o sit......................................................
D u e to ban ks a n d b a n k e rs...............................................
2,153 27
\
C ertified c h e c k s ...................................................................
C a sh ier’s ch e ck s o u tsta n d in g .........................................
S a v in g s d ep o sits...................................................................
N o te s a n d b ills r e -d is c o u n te d ......................................
B ills p a y a b le ......................................................
T o ta ls...........................................................................
1
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Federal Reserve Bank of St. Louis
23
THE BANKING DEPARTMENT.
No. 48.
A N N A R B O R SA Y IN G S B A N K , A N N A R B O R .
O rganized F eb ru a ry 4,1869.
R e-organ ized D ecem b er 9,1889.
Christian Mack , P resident; * W. W . W ines , Vice P resident ; Chas . E . Hiscock, Cashier.
D irectors—C. M ack, D a v id R in sey , W m . D . H a rrim an , W m . D eubel, D a n ie l H iscock , W illa r d B.
S m ith , W m . W . W in es.
R esources.
Report of
May 13.
Report of
Report of
Sept. 30.
Report of
Dec. 11.
July 12.
L oans a nd d is c o u n t s ..............................
$316,834 58
$309,735 11
8315,333 94
$325,491 81
S to ck s, b o n d s a n d m o rtg a g es........... .
213,874 85
244,876 75
250,143 42
251,715 87
O v erd ra fts................................................. .
396 78
262 67
665 80
4,617 86
D u e fro m b a n k s in r eserv e c itie s__
94,246 92
68,927 01
59,618 92
50,239 70
D u e fro m o th er b a n k s a nd b an kers
458 71
5,483 72
12,193 57
17,456 95
1,930 85
1,930 85
1,930 85
1,930 85-
2,130 02
20 75
1,624 43
2,739 35-
C h eck s a n d ca sh ite m s ...............
22 90
148 71
3,659 53
682 50
N ic k e ls a n d p e n n ies.....................
100 63
101 59
34 00
88 62
G old co in ............................................
15,000 00
15,000 00
15,300 00
15,000 00
S ilv e r c o in ........................................
1,212 00
930 00
1,230 53
1,900 00>
U . S, and N a tio n a l b a n k notes.
10,455 00
13,769 00
9,549 00
9,905 00'
T o ta ls...........................................
8656,663 24
$661,186 16
$671,283 99
$681,768 51
B a n k in g h o u se
F u rn itu r e an d fixtures.
Other r ea l esta te.
C urren t ex p en ses a nd ta x e s paid
In te r e s t p a id ...................................
E x c h a n g e s fo r c le a r in g h o u s e
L ia b ilitie s.
C a p ita l stock paid in .................................
850.000 00
$50,000 00
$50,000 00
850.000 00
S u rp lu s f u n d ........................................... .
100.000 00
100,000 00
100,000 00
100.000 00
U n d iv id e d profits........................................
11,240 31
3,896 55
10,171 90
17,202 75
D iv id en d s u n p a id ........................................
135 00
760 00
135 00
110 00
In d iv id u a l d ep o sits, su b ject to ch eck
133,808 29
141,451 35
140,531 74
141,505 24
C ertifica tes o f d e p o sit............................ .
13,107 58
10,427 58
11,927 58
12,371 58
304 73
878 05
513 51
1,498 62
348,067 33
353,772 63
358,004 26
359,080 32
6,663 24
$661,186 16
$671,283 99
$681,768 51
D ue to b a n k s and b a n k e rs.....................
C ertified c h e c k s ...........................
C a sh ier’s ch eck s o u tsta n d in g .
S a v in g s d e p o sits...........................
N o tes a n d b ills re-d isco u n ted
B ills p a y a b le.................................. .
T o ta ls .........................................
* D eceased.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
24
REPORT OF THE COMMISSIONER OF
No. 26.
F A R M E R S A N D M E C H A N IC S ’ B A N K , A N N A R B O R .
O rganized O ctober 13,1882.
R euben Kempf, P residen t; E dwaed Duffy , Vice P residen t ; F rederick H. B elser, Cashier.
Directors—E dw ard D u ffy , W m . C. S tev en s, C has. E. G reen, A m b rose K earney, W . F . B reakey,
D . F . Schairer, R eu b en K em pf, Joh n B urg.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
$194,860 45
$185,485 71
1165,452 60
$189,523 78
55,951 51
54,801 51
55,701 51
51,651 51
..............................
731 76
149 18
1,072 58
1,003 62
D u e fro m ban k s in reserv e c itie s ................................
39,210 57
11,928 89
21,673 85
11,148 59
D u e from o th er b a n k s a n d b a n k e rs............................
83 90
11,198 54
16,792 44
2,029 19
3,497 00
3,497 00
3,497 00
3,497 00
R esou rces.
L oans an d d isc o u n ts................. . ...............................
S tock s, bon ds a nd m o rtg a g es.........................................
O v erd ra fts.........................................
B a n k in g b o u se.......................................................................
F u rn itu r e and fix tu r es......................................................
O th er r ea l e s t a t e ......................................................... . . .
C u rren t ex p en ses a n d ta x e s p a id ..................................
1,074 24
In te r est p a id ...................................................................
4 93
854 90
1,346 18
477 93
1,275 88
2,096 65
593 08
3,157 05
299 48
79 96
79 74
259 01
3,797 50
E x ch a n g e s fo r c le a r in g h o u se ................................
C hecks an d c a sh it e m s ....................................................
1,508 80
N ic k e ls an d p e n n ies................................. ......................
G old co in .......................................................................
3,105 00
5,112 50
4,679 30
S ilv er c o in ............... ......................................................
1,443 79
2,306 23
1,316 25
1,447 83
U . S. an d N a tio n a l ban k n otes___________________
7,211 00
15,502 00
5,997 00
14,090 00
T o ta ls ................................................................................
$308,678 02
$291,137 46
$281,553 10
$282,190 34
850,000 00
L ia b ilitie s.
C apital sto ck paid in ........................................................
$50,000 00
$50,000 00
850,000 00
S u rp lu s f u n d ...............................................
6,574 10
7,000 00
7,000 00
7,000 00
U n d iv id e d profits.............................................................
4,126 66
700 60
3,264 75
5,944 06
492 00
6 00
6 00
In d iv id u a l deposits, su b je c t to c h e c k .......................
146,992 56
115,872 73
107,707 30
87,498 59
C ertificates o f d e p o sit......................................................
100,984 70
106,365 89
92,336 39
105,948 34
673 31
1,526 24
1,536 02
10,032 93
19,712 42
24,257 33
$291,137 46
$281,553 10
$282,192 34
D iv id e n d s u n p a id .......................... ...........................
D u e to banks an d b a n k e rs...............................................
C ertified c h e c k s ...................................................................
C ash ier’s c h eck s o u tsta n d in g .........................................
S a v in g s d e p o sits............................................................
N o tes a nd b ills r e-d isco u n te d ...................................
B ills p a y a b le...................... .................................................
T o ta ls...............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$308,678 02
25
THE BANKING DEPARTMENT.
No. 18.
C I T I Z E N S ’ S T A T E B A N K O F A U S A B L E A N D OSCODA,
AU SA BLE.
O rganized M ay 8, 1889.
E dwin F. Loud, P resident; Darius D. Thorp , Vice President; Robert S. D odds, Cashier;
J. H. Hanford , A ssistant Cashier.
D i r e c t o r s .—H en ry N . Lond, J. A . S a y les, V ern on E. R ix, M ain J. C onnine, J u stu s A . R ogers, C has.
V . H ick s, D ariu s D . Thorp, E d w in F . L oud.
Report of
Deo. 11.
Report of
July 12.
Report of
Sept. 30.
|2,500 33
$52,190 01
$63,718 50
191 99
39 75
340 60
J'hie fr o m h a n k s in r e s e r v e c i t i e s ........................ .........
17,742 41
8,952 29
9,290 66
6,174 34
fr o m o th e r h a n k s a n d b a n k e r s _____________
2,361 55
2,555 84
17,818 05
14,140 75
459 10
580 50
600 50
1,011 30
1,567 61
2,097 56
27 73
111 30
1,949 78
Report of
May 13.
R esou rces.
Tina,ns a n d d i s c o u n t s ...... ................. .................. ......... ..... . .
$77,526 20
S t o c k q b e n d s an d m o r tg a g e s
O v e r d r a fts
__ _______________________ . . . . . . . . . .
B a n k in g h o u s e
___ _________________
F u r n it u r e a n d f i x t u r e s .............................................. .........
O th e r r e a l e s t a t e
__________
O urrenf- e x p e n s e s a n d t a x e s p a id __________________
I n t e r e s t pa,id
6 95
___________ _____________________ ____
Tf.Yphanges fo r e.lea.ring h o u s e
8,777 14
5,781 61
8,859 17
N ic k e l s a.nd p e n n i e s _____________________ __________
173 82
127 36
53 22
47 58
U ni d co i n
__________ _________ _______ __________
722 50
867 50
95 00
230 00
S ilv e r c o in
_______________ _____________ ____ ____
240 00
1,425 00
810 00
595 00
6,650 00
3,774 00
6.823 00
8.569 00
$39,174 70
$77,336 00
$109,683 19
$112,382 61
C a p ita l s to c k p a id in .............. ......................... ......... .........
$25,000 00
$30,320 00
837,595 00
$50,000 00
U n d iv id e d p r o f i t s . ...................... ............................. .............
50 29
1,436 95
2,858 24
5,010 33
I n d iv id u a l d e p o sits, s u b j e c t to c h e c k . . ......................
13,603 41
33,285 27
50,669 04
33,530 12
C e r tific a te s o f d e p o s it ________ ____ _______________
521 00
12,293 78
18,560 91
23,842 16
$39,174 70
877,336 00
8109,683 19
$112,382 61
C h e c k s a.nd c a s h ito r e s
. __
__ ___ ..
XJt S- an d N a tio n a,1 h a n k n o te s ___________________
1
T o ta l s
_________ ___________________________
L ia b ilit ie s .
T o ta ls
_
/
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_____________ __________
26
REPORT OF THE COMMISSIONER OF
No. 62.
W E S T M IC H IG A N S A Y IN G S B A N K , BA N G O R .
O rganized A p r il 8, 1880.
Chas . J . Monroe, P resident; A . Chapman , Vice P residen t; A. B. Chase , Cashier;
Geo. Chapman , A ssistant Cashier.
Directors—Chas. J. M onroe, A lv in C hapm an, J. E . F ergu son , D a v id K. C h arles, T. A . B ixb y, A m o s
G oss, J . G. M iller, Geo. C hapm an, A . B. C hase, W m . B rad w ell.
Report of
May 13.
R esources.
L oans and d is c o u n ts ........................................
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
......
$43,533 63
548,748 82
$49,859 89
$32,336 44
S tock s, bonds a nd m o rtg a g es................... ......................
33,931 21
31,797 21
31,413 96
23,376 32
230 01
416 14
207 37
4,537 13
5,404 22
2,372 41
14,890 96
212 67
313 79
967 30
266 51
277 15
280 91
281 91
1,021 88
221 15
783 64
1,174 14
32 94
267 28
514 15
143 75
647 21
250 89
291 96
28 24
36 41
15 75
25 91
200 00
500 00
200 00
700 00
O verd rafts............................................... ................... ..........
D u e fro m han k s in reserv e c it ie s - ......................... ...
D ue fro m oth er h a n k s a nd h a n k e r s ............................
B a n k in g h o u se ....................................................................
F u rn itu r e and fix tu r es......................................................
O th er r ea l e s t a t e ..................................................................
C urren t ex p en ses a nd ta x e s p a id ..............................
In te r est p a id ..........................................................................
E x ch a n g e s fo r c le a rin g h o u se ........................................
C hecks an d c a sh ite m s ...................................................
N ic k e ls and p en n ies.........................................
G old c o in ...........................................................................
S ilv er c o in ................................................................
1,592 70
852 00
900 00
400 00
U . S. and N a tio n a l b an k n o te s......................................
8,200 00
7,280 00
7,000 00
6,000 00
593,656 72
$96,340 91
$94,728 17
$80,199 16
C a p ita l sto c k p aid in ...........................................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Su rp lus fu n d ..........................................................
2,000 00
2,250 00
2,250 00
1,250 00
U n d iv id ed p rofits............................................... ..........
2,650 93
861 69
1,709 68
3,345 08
603 95
610 81
T o ta ls ............... ...........................................
L ia b ilitie s.
D iv id e n d s u n p a id .........................................................
In d iv id u a l d ep o sits, su b je c t to c h e c k .............
C ertificates o f d e p o sit...... ...... .............................
D ue to b a n k s a nd b a n k e rs................................
'
14,177 56
11,667 24
13,988 29
18,885 51
35,071 00
39,017 11
38,668 75
27,658 35
207 86
3 02
12,240 37
11,983 90
2,309 00
5,154 00
$93,656 72
$96,340 91
2,120 39
C ertified c h e c k s .............................................
C a sh ier’s ch e ck s o u tsta n d in g ..................................
S a v in g s d e p o s it s ........................................
N o tes an d b ills r e -d isc o u n te d .................
12,500 64
1,939 83
$94,728 17
$80,199 16
B ills p a y a b le ..........................................
T o ta ls ...............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
27
THE BANKING DEPARTMENT.
No. —.
C IT Y B A N K , B A T T L E C R E E K .
O rganized J u n e 14,1871.
N elson E ld red , President; Raldon P . K ingman, Vice P residen t;
F rederick A . A llwardt , Cashier.
Directors—W illa rd A . E ld red , R ich m on d K in gm an , R od olp h u s San derson, Sim on H . M oriey,
Josep h M. W ard, R aldon P. K in gm an , N elso n E ldred.
R esources.
Report ot
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts ............. ...............
$324,989 41
$338,366 46
398,141 13
$377,152 00
S tock s, bon ds and m o r tg a g e s ............
128,899 11
128,508 11
79,510 23
107,469 47
O verd rafts...................................................
10,478 12
6,811 51
3,026 95
14,274 87
D u e from h a n k s in reserve c itie s . . .
60,157 80
41,940 09
66,041 20
21,465 03
D u e fro m oth er han ks an d h a n k e rs.
97 23
1,760 33
372 88
234 63
B a n k in g h o u se ..........................................
2,800 00
2,800 00
2,800 00
O th er r ea l e s ta te ......................................
11,089 74
8,337 79
8,337 79
6,440 29
C urren t exp en ses an d ta x e s p aid . . .
548 92
2 73
9 76
127 92
C h eck s a n d c a sh ite m s ..........................
1,684 06
106 32
328 10
117 78
N ic k e ls a n d p e n n ie s ..............................
14 39
9 94
17 12
21 09
G old c o in .................................... ..............
755 10
2,969 00
258 00
607 75
F u rn itu re an d fixtu res...........................
2,800 00
In te r e st p a id .............................................
E x ch a n g e s for c le a rin g h o u se ............
919 75
S ilv er c o in ...................................................
1,770 50
1,323 75
1,557 85
U . S. an d N a tio n a l h a n k n o te s..........
14,676 00
26,294 00
9,522 00
12,350 OO
$557,960 38
$559,230 03
$569,923 01
$543,980 58
C apital sto c k p a id in ..................................
850,000 00
$50,000 00
$50,000 00
$50,000 00
S u rp lu s fu n d ........... .....................................
54,539 93
54,048 19
54,048 19
54,048 19
U n d iv id e d profits.........................................
6,062 24
594 39
4,057 61
9,431 77
T o ta ls.
L ia b ilitie s.
D iv id e n d s u n p a id ........................................
I n d iv id u a l deposits, su b ject to c h e c k .
64,209 36
56,956 53
85,802 62
68,873 63
C ertificates o f d ep o sit................................
34,539 38
37,267 56
33,377 57
27,953 20
348,609 47
360,363 36
342,637 02
333,673 79
$557,960 38
$559,230 03
$569,923 01
$543,980 58
D u e to han k s a n d h a n k e rs.......................
C ertified c h e c k s ..........................................
C a sh ier’s ch e ck s o u tsta n d in g ...............
S a v in g s d e p o sit............................................
N o tes a nd b ills r e-d isco u n te d ...............
B ills p a y a b le .................................................
T o ta ls .................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
28
REPORT OF THE COMMISSIONER OF
No. 63.
B A Y C I T Y B A N K , B A Y C IT Y .
O rganized S eptem ber 4,1871.
W m. P eter, P resident; Geo. Y oung, Vice P residen t ; Geo . H. Y oung, Cashier.
D irectors—G eorge L ew is, J a m es M cK eon, G eorge H . Y oung, A . M cD ow ell, J u stin W en tw orth ,
G eorge Y oung, W illia m P eter.
R eso u rces.
L oans a n d d isc o u n ts.................
Report of
Report of
$721,856 48
$752,280 23
May 13.
July 12.
S to ck s, bonds a n d m o rtg a g es
Report of
Sept. 30.
Report of
Dec. 12.
$699,256 40
$660,125 31
84,353 31
117,113 14
O v e r d r a fts.................................................
3,072 57
2,409 93
2,313 76
1,952 18
D u e from b a n k s in reserv e c itie s ....
96,430 69
65,417 05
36,336 17
46,517 42
D u e fro m oth er ban k s a nd bankers.
7,570 28
3,649 10
2,929 54
2,092 51
B a n k in g h o u s e .........................................
F u rn itu re a nd fix tu r e s .....................
3,500 00
3,500 00
3,500 00
3,500 00
O th er r ea l e s ta te ................................
12,900 00
12,900 00
12,900 00
12,900 00
C urren t ex p en ses a nd ta x e s paid.
5,893 89
' 301 90
2,518 15
7,940 72
In te r e s t p a id ........................................
4,588 59
1,509 88
2,376 00
7,520 46
E x ch a n g e s fo r clea rin g h o u se ___
4,674 41
1,052 06
780 52
3,167 21
C h eck s a nd c a sh ite m s ....................
8,692 95
2,859 73
10,998 72
5,061 05
287 76
478 47
362 03
12,122 50
8,606 00
12,592 50
N ic k e ls a n d p en n ies..........................
G old c o i n ...............................................
7,037 50
S ilv e r c o in .............................................
3,254 23
2,818 15
3,367 30
5,012 60
U . S. an d N a tio n a l ban k n o tes__
16,332 00
21,986 00
28,567 00
23,279 00
$895,803 59
$883,094 29
$899,281 34
$909,136 13
C a p ita l sto ck p a id in ...................
$150,000 00
$150,000 00
$150,000 00
$150,000 00
S u rp lu s fu n d ..................................
50,000 00
50,000 00
50,000 00
50,000 00
U n d iv id e d p ro fits.........................
26,212 74
16,254 14
27,385 69
39,595 06
I n d iv id u a l deposits, su b je c t to ch eck
287,518 75
254,190 05
257,209 47
238,963 94
C ertifica tes o f d e p o sit.............................
63,379 97
69,071 87
59,228 47
75,953 47
D ue to b a n k s a n d b a n k ers....................
12,258 38
5,694 94
4,600 88
5,701 50
250 00
837 56
4,046 60
3,439 60
306,183 75
336,709 73
342,995 11
345.482 56
T otals.
L ia b ilitie s.
D iv id en d s unpaid.
C ertified c h e c k s ......................................... .
336 00
C a sh ier’s c h eck s o u tsta n d in g
S a v in g s d e p o s its ..........................
N o tes an d b ills re-d isco u n ted
3,815 12
B ills p a y a b le ................................ .
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$895,803 59
$883,094 29
$899,281 34
$909,136 13
29
THE BANKING DEPARTMENT.
No. 43.
B A Y C O U N T Y SAVING -S B A N K , B A Y CITY .
O rganized F eb ru a ry 1, 1884.
Thomas Cranage, P residen t ; G. H enry Shearer , Vice P residen t ; J ohn Mulholland , Treasurer
Directors—John M u lh o lla n d , N. A. E d d y , H . M. G ille tt, D. C. S m a lle y , G. H en ry Sh earer,
T h om as C ranage.
R esources.
Report of
May 13.
Report of
Ju ly 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n t s ..___ _______________ _______
$188,265 81
$192,512 07
$210,741 90
$229,893 85
S tock s, bonds a nd m o rtg a g es.........................................
75,256 66
81,216 66
91,630 61
8100,055 96
O v e r d r a fts ______________________ _________ _____
339 95
256 66
31 12
280 21
D u e fro m b a n k s in reserv e c itie s .................................
46,956 61
39,962 71
38,922 95
41,707 13
1,857 60
1,857 60
1,857 60
1,857 60
748 71
1,932 91
D u e fr o m n th or h a n k s and h a n k ers. ........... .....
B a n k in g h o u s e ............- ......................... - ...........................
F u rn itu r e an d fix t u r e s __________________________
Ot.hor real e s t a te ________ _______ _____. . . . ..... ...........
rim -rent e x p en ses and ta x e s p a i d ___________ ____
1,449 37
In te r est paid ____________________________________
236 62
37 69
197 13
372 08
E x ch a n g e s fo r cle a rin g h o u se ___________________
427 00
268 70
73 06
1,079 19
C h eek s and cash ite m s
_ __
59 49
57 39
65 00
81 97
60 00
70 85
____________________ _______ _________
150 00
300 00
150 00
300 00
S ilv er c o in ______________________________________
1,230 00
1,025 00
420 00
670 00
U . S. a n d N a tio n a l ban k n o tes.............................. .......
4,970 00
3,095 00
3,848 00
3,613 00
T o ta ls __________________ ____ ________________
$321,262 01
$320,614 06
$348,740 57
$381,832 78
C apital sto ck paid in ........................................... ..............
850,000 00
$50,000 00
850,000 00
$50,000 00
S u rp lu s fu n d ______________________________ _____
12,000 00
15,000 00
15,000 00
15,000 00
8,657 69
2,332 51
6,784 15
11,787 96
N ic k e ls an d p en n ies _____ ______ ________ ____ ____
Gold co in
L ia b ilitie s.
U n d iv id ed profits .
______________________ _____
D iv id en d s unpaid
280 00
________________
In d iv id u a l deposits, su b je c t to c h e c k ____________
31,035 09
24,254 24
28,436 46
26,328 48
C ertificates o f d ep o sit........................................ ..............
18,433 92
17,856 73
17,635 74
19,280 37
201,135 31
210,890 58
230,884 22
259,435 97
8321,262 01
$320,614 06
8348,740 57
$381,832 78
D u e to han ks and h an kers
C ertified c h e ek s
C a s h ie r ’s eh e ek s o u tsta n d in g
___ _______
_ _____ _____
S a v in g s d e p o s it s ...... ........................................................
N o t e s e n d h ills r e -d is c o u n te d
B ills p a y a b le
_______________
T o t a l s ................................. .................-.......... ..............
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
30
EEPORT OF THE COMMISSIONER OF
No., 30.
T H E C O M M E R C I A L B A N K , B A Y CITY .
O rganized A u g u st 15,1888.
H. N. W atrotjs, P residen t; C. C. W hitney , Vice P resident; W. O. Clift , Cashier.
D irectors—H . N . W a tro u s, C. C. W h itn e y , C. B. C h atfleld , W . H . M iller, J. R . H a ll, G. K. Jack son ,
T hos. A . E. W ea d co ck , C. R . H a w le y , L. E. N o y es.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
D ec. 11.
$301,339 05
$218,406 74
$286,090 31
$244,444 87
O v e r d r a fts_____- __ - _____________________________
636 99
3,549 38
483 98
241 32
D u e fro m b a n k s in reserv e c itie s .................................
9,073 11
6,815 81
28,908 91
10,003 59
D ue fro m oth er han k s a n d b a n k e rs_____________
5,323 72
6,683 68
3,494 56
4,879 42
2,595 33
2,595 33
2,608 33
2,608 33
3,678 92
484 06
1,495 89
4,751 11
E x ch a n g e s fo r c le a rin g h o u se ___________________
3,576 84
5,980 78
1,019 70
445 80
C hecks a nd c a sh ite m s ____ _____________________
1,539 97
486 13
220 53
355 79
156 82
85 46
181 93
162 94
_____ ____________ _______ ___ ______
6,837 90
5,410 00
9,857 50
3,795 00
S ilv er c o in ____________________ _________________
2,409 15
2,543 45
1,907 65
4,263 90
U . S. a nd N a tio n a l ban k n o te s ..................... ...............
8,681 00
6,284 00
3,642 00
5,287 00
»245,846 80
$259,324 82
$339,911 29
$281,239 07
»100,000 00
R esou rces.
S to c k s , h o o d s «.od TYlOrtgflgfi?*
__
"Ranking h o u s e __ ___________________ ____ _____ ____
F u rn itu r e and fix tu r e s__________ ________- ..............
O th e r r e a l e s t a t e _
__
_____
_________
C u rren t ex p en ses and ta x e s p a id ....................... ........
I n te r e s t, p a i d _____________ _______________________
N ic k e ls a n d jp e n n ie s ..........................................................
G old coin
T o ta ls .........................................................................
L ia b ilitie s.
C a p ita l sto ck paid in ......... ..............................................
»100,000 00
$100,000 00
»100,000 00
Su rp lus fu n d .........................................................................
8,000 00
8,000 00
8,000 00
8,000 00
U n d iv id ed profits............................ ..................................
5,765 17
4,280 85
7,697 63
10,799 42
D iv id e n d s u n p a id ....................... ................................
I n d iv id u a l dep osits, su b je c t to c h e c k ........................
65,235 66
74,424 80
169,586 97
103,009 12
C ertifica tes o f d e p o sit.. . ...................................................
29,983 49
31,107 99
28,041 34
26,514 64
D u e to ban k s an d b a n k ers.............................................
6,021 43
3,175 72
2,877 05
4,689 91
330 00
380 00
380 00
C ertified c h e c k s ...................................................................
C a sh ier’s ch eck s o u tsta n d in g ......................................
185 09
26 79
S a v in g s d ep o sits..................................................................
N o tes an d b ills re-d isco u n te d ........................................
30,511 05
37,955 46
23,143 21
28,199 19
$245,846 80
$259,324 82
$339,911 29
$281,239 07
B ills p a y a b le .........................................................................
T o ta ls _______________ _______________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
THE BANKING DEPARTMENT,
No. 2.
B E L D IN G SA Y IN G S B A N K , B E L D IN G .
O rganized J a n u a ry 15, 1889.
H. J . Leonard , P resid en t; F rank R.JChase , Vice P residen t ; C. E. H ills , Cashier.
Directors—A . N . B eld in g , C. E. H ills, Frank' R . C hase, J. M. E arle, H . J. L eonard.
R esources.
L oans a nd d is c o u n ts ..........................................................
Report of
May 13.
$37,516 66
Report of
July 12.
$34,571 97
Report of
Sept. 30.
$50,635 21
Report of
Dec. 11.
$57,763 48
S to c k s, bonds an d m o rtg a g es.........................................
O v erd ra fts...............................................................................
163 19
112 23
271 10
310 74
D u e from b a n k s in reserv e c itie s ..................................
8,236 40
2,545 18
7,772 92
5,340 27
D u e fro m oth er ban k s an d b a n k e r s............................
694 69
B a n k in g b o u se.......................................................................
4,000 00
4,000 00
4,000 00
4,000 00
F u rn itu r e an d fix tu r es......................................................
1,050 00
1,050 00
1,050 00
1,083 35
659 63
794 33
1,191 40
1,480 98
11 84
66 16
138 33
188 91
35 74
O ther rea l e s t a t e .................................................................
C urren t exp en ses an d ta x e s p a id .................................
In te r e s t p a i d .........................................................................
E x ch a n g e s fo r c le a rin g b o u s e .......................................
C hecks an d c a sh ite m s......................................................
13 50
1,629 80
117 16
N ic k e ls a nd p e n n ies...........................................................
62 63
72 12
89 12
31 61
1,930 00
1,030 00
783 50
1,318 50
G old c o i n .....................................................................
S ilv e r c o in ...........................................................................
445 00
399 00
407 00
376 00
U . S. a n d N a tio n a l ban k n o te s ................................ .
2,084 00
5,682 00
2,029 00
2,625 00
846,844 70
$51,898 47
$68,448 31
874,657 17
$23,130 00
$35,000 00
$25,000 00
825,000 00
1,089 21
1,672 66
2,778 43
4,125 17
I n d iv id u a l deposits, su b je c t to c h e c k ........................
10,676 61
11,142 25
15,140 01
17,344 55
C ertifica tes o f d e p o sit......................................................
11,958 88
13,423 85
24,394 87
22,585 99
659 71
1,135 00
884 72
T o ta ls ..............................................................................
L iab ilities.
C a p ita l stock p aid in ..........................................................
S u rp lu s f u n d .........................................................................
U n d iv id e d profits................ . ..........................................
D iv id e n d s u n p a id .....................................................*____
D u e to ban ks an d b a n k e rs...............................................
C ertified c h e c k s ....................................................................
C a sh ier’s ch e ck s o u t s ta n d in g .......................................
S a v in g s d ep o sits........................................... .......................
N o te s an d b ills r e-d isco u n te d .......................................
4,716 74
B ills p a y a b le ............................................ ................... .......
T o ta ls .................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
846,844 70
851,898 47
$68,448 31
$74,657 17
/
32
REPORT OF THE COMMISSIONER OF
No. 76.
F A R M E R S AND M ER C H A N TS’ BANK, BENTO N HA RBO R.
O rganized F eb ru a ry 20, 1888.
I. W . Conkey , P resident; P . M. Kinney , Vice President; Charles F oster, Cashier.
Directors—R . M. J on es, W . P. R obbins, A . P lu m m er, D. J. C u llin in e, E d w ard B ran t, R. H . S h er
wood, S a m u e l M cG ingon, P. M. K in n ey, I. W . C onkey.
R esou rces.
L oans a n d d isco u n ts
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
$106,131 16
$105,611 15
$111,288 41
$104,231 19
S to ck s, bon ds a nd m o rtg a g es............
O v erd ra fts.................................................
1,580 29
1,004 11
1,375 42
819 70
D u e fro m ban k s in reserv e c it ie s ...
10,873 02
16,687 99
30,136 19
32,508 18
D u e fro m o th er ban k s and b an kers
1,014 21
311 90
572 48
1,062 79
3,125 25
3,125 25
3,125 25
3,125 25
588 99
984 34
1,532 46
C hecks a n d c a sh it e m s ..............
1,454 00
1,486 50
1,176 71
N ic k e ls an d p en n ies.....................
230 66
166 10
236 00
330 92
Gold c o in ..........................................
4,000 00
4,500 00
5,455 00
3,050 00
B a n k in g h o u s e ........................................
F u rn itu re an d fix tu r es........................ .
O ther rea l e s t a te ...........
................... .
C urren t e x p e n ses a nd ta x e s p a id ...
I n te r e st p a id .............................................
E x ch a n g e s fo r c le a rin g h o u s e ...........
1,808 18
S ilv er c o in ........................................
775 00
2,584 75
4,785 65
4,615 50
U . S. a nd N a tio n a l ban k notes.
8,965 00
12,449 00
8,821 00
9,481 00
$138,737 58
$148,941 09
¡,504 57
8161,032 71
C ap ital sto ck p aid in..
$50,000 00
850,000 00
$50,000 00
$50,000 00
Su rp lus f u n d .................
2,000 00
4,000 00
4,000 00
6,500 00
U n d iv id e d p r o fit s ...,,
2,526 78
1,582 86
3,305 83
124 52
T o ta ls .
L ia b ilitie s.
D iv id e n d s unpaid.
I n d iv id u a l dep osits, su b je c t to check .
57,386 93
57,538 00
72,519 88
71,504 73
C ertifica tes o f d e p o sit..............................
26,710 30
35,610 83
38,086 85
32,526 21
D u e to b a n k s an d b a n k e r s......................
113 57
209 40
592 01
377 25
8138,737 58
8148,941 19
$168,504 57
$161,032 71
C ertified c h e c k s ............................
C a sh ier’s ch e ck s OutstandingS a v in g s d ep o sits............................
N o tes an d b ills re-d isco u n ted
B ills p a y a b le..................................
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
33
THE BANKING DEPARTMENT.
No. 33.
M E C O ST A C O U N TY S A V IN G S B A N K , B IG R A P ID S .
O rganized J u ly 16,1889.
D . F. Comstock, P resident; N. H. Beebe , Vice P residen t; C. W. Cunningham , Cashier.
Directors—D o u g la s R oben, P . A . E rikson , J. T. E sco tt, P . A . M oon, N . H . B eebe, H . G uedstein, D.
H a m ilto n , E. C. M orris, D. F. C om stock.
Report of
Sept. 30.
R esou rces.
Report of
Dec. 11.
___________________ _____________________________________
$34,284 10
$39,841 68
S t o c k s , b o n d s a n d m o r t g a g e s _____________________________________ ___ _________
905 00
6,050 00
13,884 01
16,756 13
671 82
992 42
B o a n s a n d d is c o u n ts
O v e r d r a fts
__
_____________________________________________________________
O n e fr o m h a n k s in r e s e r v e c i t i e s ______________ ________________________ ____ __
Tin« fr o m o th e r h a n k s an d b a n k e r s
B a n k in g h o u s e
______ __
__ ____________________________________________
F u r n it u r e a n d fix tu r e s _ ___
O th e r r e a l e s t a t e
_ _
_____ ____ ______________ _________________
_____________________________________________
_ ________________________________________________
H o r r e n t e x p e n s e s a n d t a x e s p a id ______ ________________________________________
18 79
I n t e r e s t p a id ________________________________ - ___ ___________ _- - - - - - _____________
E x c h a n g e s fo r c le a n in g h o u s e
C h e c k s an d c a s h it e m s
__
____________________________ ________ __
______ _________________________________________________
644 30
__ ______________________________________ __ - ___
40 42
N ic k e l s a n d p e n n ie s
C o ld c o in
___
___ ________________________________ _________________________
S ilv e r co in
-
___
--
_____________________________- - - - - -
TT S a n d N a t io n a l h a n k n o t e s ........................ ................................................................. ........
T o ta ls
....... ............. ............... - ____ ______ _________ _____________________________
3,789 55
66
70
755 00
1,126 00
559 55
1,279 75
5,360 00
1,301 00
$57,104 20
871,222 02
835,450 00
$46,640 00
606 14
890 72
5,296 08
4,614 11
L ia b ilitie s .
C a p ita l s to c k p a id in
_____ _ ________________________________________________
S u r p lu s fu n d
__
___________________________________________ -
U n d iv id e d p r o fits _ ................ ........... .......................................................... - _______________
T liv id e n d s u n p a id
______
____ _______ _____ - ......... ...................- _________________
I n d iv id u a l d e p o s its s u b j e c t to c h e c k
C e r tific a te s o f d e p o s it
__ ____
__
_
_ ________________________________
D u e t o h a n k s an d h a n k e r s
C e r tifie d c h e c k s
___
_________________
-
_________________________________ ____ - ___
C a s h ie r ’s c h e c k s o u t s t a n d in g
.
_______________ __ _________
S a v in g s d e p o s its
_
_ _______________________- _________________
_____
N o t e s an d h ill s re—d is c o u n te d
B il ls p a y a b le
260 00
____________________ ___ - ___ - ______
__
15,751 98
18,817 19
$57,104 20
871,222 02
_______________________
____________ - - - - - - - _______
T o t a ls
_
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
__ _______________________________________________
34
REPORT OF THE COMMISSIONER OF
No. 87.
M E R C H A N T S AN D M IN E R S ’ B A N K , CA LU M ET.
O rganized A u g u st 7,1873.
Chas . Briggs , P residen t; R. H. Osborne, Vice P residen t ; H. S. Colton, Cashier.
Directors—W . A . C hilds, Jno. Sen ter, C. W . N ile s, P . R uppe, Jr., Jn o. D u n can , T hos. H oatson,
R . H . Osborne, J. N . W rig h t, C has. B rig g s.
R esources.
Report of
Report of
May 13.
July 12.
$284,079 78
Report of
Deo. 11.
Report of
Sept. 30.
$280,355 38
$293,216 92
L oans a nd d isc o u n ts..............................
390,948 30
S to ck s, bonds a nd m o rtg a g es..............
25,000 00
O v e r d r a fts..................................................
751 08
1,161 60
640 08
1,312 62
D u e fro m han k s in reserv e c itie s —. .
91,985 14
133,987 60
103,485 39
137,389 94
15,000 00
30,000
00
15,000 00
D ue fro m o th er han k s and h a n k ers.
3,869 23
6,809 40
11,297 92
5,036 88
B a n k in g h o u s e ..........................................
1,042 00
1,547 10
1,000 00
1,000 00
F u rn itu r e a nd fix tu r es..........................
500 00
562 82
4,618 29
4,958 00
O ther r ea l e s ta te ......................................
2,300 00
2,300 00
2,300 00
2,300 00
C urren t ex p en ses a n d ta x e s p a id —
2,080 32
20 25
2,098 30
2 ,6 8 8
In te r est p a id ...............................................
60
90 87
E x ch a n g e s fo r c le a rin g h o u se ............
C hecks an d c a sh ite m s .........................
243 03
33 43
1,160 88
N ic k e ls an d p e n n ies................................
W0 11
204 00
152 43
307 96
12,252 50
10,500 00
G old c o in ....................................................
4,000
00
9,000 00
101 89
S ilv er c o in ...................................................
5,588 00
4,208 70
2,900 00
3,675 00
U . S. and N a tio n a l han k n o tes...........
104,623 00
51,642 00
52,956 00
60,861 00
$533,070 31
$510,647 55
$505,217 17
8,348 81
C apital sto ck paid i n ..................................
$100,000 00
$ 100,000 00
$100,000 00
$ 100,000 00
S u rp lus fu n d .................................................
10,000 00
15,000 00
15,000 00
15,000 00
U n d iv id ed profits.........................................
19,964 12
9,815 03
12,367 90
17,919 16
T o ta ls.
L ia b ilitie s.
D iv id en d s un p aid ........................................
130 00
5,000 00
130 00
In d iv id u a l dep osits, su b ject to c h e ck .
400,634 03
373,066 01
376,919 27
C ertifica tes o f d e p o sit..............................
800 0 0
800 0 0
800 0 0
D u e to han k s a nd b a n k e r s ....................
1,542 06
6,966 51
$533,070 21
$510,647 55
402,155 69
800 00
2,473 96
C ertified c h e c k s...........................................
C ash ier’s ch eck s o u t s ta n d in g ...............
S a v in g s d ep o sits...........................................
N o te s and h ills r e-d isco u n ted ...............
B ills p a y a b le .................................................
T o ta ls .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$505,217 17
$538,348 81
35
THE BANKING DEPARTMENT.
No. 57.
C A R S O N C IT Y S A V I N G S B A N K , C A R S O N C ITY .
O rganized F eb ru a ry 1, 1887.
F. L. F uller , P resident; M. J. Miner , Vice P residen t; F rank H ale , Cashier.
D irectors—F r a n k L. F u lle r, E . A . Stow e, D a v id K e lle y , E lv ir a T. C hester, L ucinda G.'1M iner,
M artin J. M iner, C h au n cey J. R u m sey.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d is c o u n t s .........................................................
$39,628 55
$38,098 55
$43,725 66
$42,276 64
S tock s, bonds a n d m o r tg a g e s.......................... ..............
2,230 00
2,230 00
2,230 00
2,230 00
O v erd ra fts...............................................................................
506 08
332 22
331 78
1,102 07
D u e fro m b a n k s in reserv e c itie s ..................................
1,829 29
7,092 47
2,987 23
3,769 72
D u e from o th er b a n k s a nd b a n k ers...........................
2,059 34
153 94
230 97
423 94
1,340 17
1,341 17
1,341 17
1,341 17
B a n k in g h o u se ...... ...............................................................
F u rn itu re an d fix tu r e s....................................................
O th er r ea l e s t a t e .................................................................
222 39
C urren t ex p en ses a n d ta x e s p a id ................................
3,774 99
4,052 61
In te r e st p a id .................................... ....................................
1,395 77
1,534 87
C h eck s and ca sh ite m s ........................ 1...........................
570 15
403 44
N ic k e ls a nd p e n n ies..........................................................
46 00
184 35
506 69
293 40
E x ch a n g es for clea rin g h o u s e .......................................
583 46
2,335 61
192 78
G old c o in .................................................................................
10 00
160 00
S ilv er c o in ..................... .........................................................
120 12
462 54
U . S. an d N a tio n a l ban k n o te s ........................... _____
1,322 00
3,323 00
2,146 00
2,401 00
T o ta ls.................................................................................
854,332 46
859,184 81
854,215 79
$56,799 63
$25,000 00
$25,000 00
$25,000 00
$25,000 00
7,075 56
7,896 13
3,124 86
3,857 18
I n d iv id u a l dep osits, su b je c t to c h e c k ........................
7,030 75
9,736 78
8,320 65
10,751 78
C ertifica tes o f d ep o sit........................................................
4,600 13
5,383 14
8,395 99
8,257 44
40 00
35 00
84 39
L ia b ilitie s.
C a p ita l sto c k p aid i n .........................................................
S u rp lu s fu n d ........................................................................
U n d iv id ed profits..... ..........................................................
D iv id en d s u n p a id ................................................................
D u e to b a n k s a nd b a n k e rs......... ...............................
C ertified c h e c k s................. ..... .................. .........................
C a sh ie r ’s ch e ck s o u tsta n d in g ......................................
S a v in g s d e p o s its ........ .......................................... .............
626 02
668 76
1,374 29
933 23
N o tes and b ills re-d isco u n te d ........................................
10,500 00
10,500 00
8,000 00
8,000 00
854,832 46
$59,184 81
$54,215 79
$56,799 63
B ills p a y a b le .........................................................................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
36
REPORT OF THE COMMISSIONER OF
No. 72.
T H E S T A T E B A N K O F C A R S O N C IT Y , C A R S O N C IT Y .
O rganized February 14, i 887.
E . C. Cummings, P resident; Samuel S. W alker , Vice P residen t; E. O. Cummings, Cashier;
L. H . Cummings, A ssistant Cashier.
D irectors—S. S. W a lk e r , E. C . C u m m in gs, S. H . C a sw ell, Irv in M cC all, C bas. Cross, G eorge W .
F ish er, J n o . W . H a lle tt, C. R . D ick en so n .
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
858,244 22
$59,031 22
859,742 10
856,538 88
5,000 00
5,000 00
5,000 00
5,000 00
O v e r d r a fts ...... ............................... ......... .............. ............
4,091 93
2,543 47
4,245 22
5,022 15
D u e fro m ban ks in reserv e c itie s . _................... ........
3,610 49
13,065 09
5,172 23
4,937 31
R esou rces.
R oans arid d is c o u n t s -................. ......... ......... .................
Stock s, bon d s a.nd m o rtg a g es
-
__
Report of
Dec. 11.
........................
D u e from oth er h a n k s and h an kers
R a n k in g h o u se __________________________________
1,257 00
1,257 00
1,257 00
1,257 00
515 28
14 30
510 98
1,037 38
C hecks and ca sh ite m s ......... ..... .....................................
344 28
37 75
699 11
956 75
N ic k e ls an d p e n n ie s ________ ____ _______________
18 44
11 27
4 14
1 81
165 00
40 00
95 00
120 50
F u rn itu r e a nd fix tu r es____________________ ______
O th er real e sta te
_____________________ _______
<Tnrrent e x p en ses and ta x e s p a id - ._____________
I n te r e s t paid
___
_______________
E x c h a n g e s fo r cle a rin g h ou se
Oold c o i n . ________________ ____ ______ _________
S ilv e r c o in ................. ................................................. - .........
184 45
1,791 80
255 60
206 70
U . S. a n d N a tio n a l b a n k n o te s ......................................
3,267 00
2,350 00
649 00
1,400 00
$76,698 09
$85,141 90
877,630 38
$76,478 48
C a p ita l sto ck p a id in ........................................................
$50,000 00
$50 000 00
$50,000 00
$50,000 00
S u rp lu s fu n d ____________________________________
621 64
859 93
859 93
859 93
U n d iv id e d p rofits................................................................
2,363 09
281 67
1,748 01
3,109 28
In d iv id u a l deposits, su b ject to c h e c k ____________
12,292 63
20,006 11
11,584 64
7,706 64
C ertifica tes o f d ep o sit___________ ___________ ____
11,380 18
13,951 27
13,200 54
14,529 10
40 55
42 92
237 26
273 53
$76,698 09
$85,141 90
$77,630 38
$76,478 48
T o ta ls ____- ____ - _________ ___________________
L ia b ilitie s.
D iv id en d s un p aid ___________ _ ______ ________
D ue to h a n k s and h a n k e r s ..
C ertified ch e ck s
____
_________________
_______ ___________
C a sh ier’s ch e ck s o u tsta n d in g _______
S a v in g s d e p o s its _______ - ____ _________ __________
N o tes and h ills r e - d i s c o u n t e d __________ ____ __
R ills p a y a b le ______ ___
_____________________
T o ta ls _______________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
37
THE BANKING DEPARTMENT.
No. 80.
C H A R L E V O IX S A V IN G S BA N K , C H A R L E V O IX .
O rganized A u g u st 4, 1884.
E. H. Green , P residen t; A . Buttars, Vice P residen t; F. A. Smith, Cashier.
DiRECTORS-Samuel S. W a lk e r , Jno. L o v ela n d , W . F . G ray, L. E . A lle n , F. A . Smith, Archibald
B u tta rs, A m o s F o x , F red W . M ayne, E. H. Green.
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
_________________ ___ . . ___
$44,047 73
$57,310 72
847,238 80
$52,732 91
S to ck s bon d s anrl m ort,gages_____ ___. . . ___ _____
3,629 32
3,707 32
5,202 00
1,559 43
O v erd ra fts
5,435 88
4,097 48
6,089 24
2,712 75
8,567 49
3,530 17
4,429 13
2,710 72
L oans and discount.s
_____________ ___________—
from b an k s in reserve c itie s ____ _____ _______
886 48
X)n© fro m oth er ban k s a nd b a n k e r s. . . . . . . . . . . . . . . .
B a n k in g h ou se
-- _______
____________ . . . __ . . . . . . . .
1,918 50
1,918 50
1,918 50
1,918 50
_______________. . . . . - ___ -------
753 55
753 55
754 25
3,784 40
Our ren t ex p en ses a.nd ta x e s p a id __________ ___ _
805 46
858 65
1,126 64
1,291 63
Jn terest pa.irl
635 85
668 15
729 66
933 92
F u rn itu re and fix tn r es
O th er rea l e sta te
_____ __ _
TP.-v-p L qv»croc Pr»v pi ao •riri cr Tlmi SO
_
__ ___
C h eck s a nd cas^1 ite m s
__
N 'ickels and p en n ies
____ ____ - _______
O old o^in
435 66
____________ __
_______ ____ . . . ____ ___ . . .
____. . . . . . . . . . _______
621 44
322 42
U n ited S ta te s and ^iafmna.l ba.nk n o te s ____ . . . . . .
3,000 00
2,748 50
2,242 00
2,263 30
$69,415 22
875,915 46
870,165 88
$70,794 03
$25,000 00
825,000 00
$25,000 00
$25,000 00
2,341 82
1,399 44
2,180 77
3,780 86
1,250 00
1,250 00
905 00
12,617 71
17,173 05
8,296 40
9,953 27
C ertificates o f d e p o s it___________ _____ ___________
9,604 49
13,263 77
14,036 15
10,919 72
D u e to b an k s and b an k ers
6,239 70
5,038 53
1,064 82
6,010 18
13,611 50
12,790 67
18,337 74
14,225 00
$69,415 22
$75,915 46
$70,165 88
870,794 03
S ilv er coin
T o ta ls
-
-
_ ............................. ............................. —
L ia b ilitie s.
C ap ital s to c k paid in
______________ _________ -
Su rp lus fu n d
_________________ . . . . ___ _
U nd ivid ed profits ________________ ______________
D iv id en d s u n p a id
__ _ ____________ _______
jyjrluajl d e p o s its sn h ject, to ch eck ___________
C ertified c h e c k s
_ ______ ______ . . . ___
____ ______________- _______
C a sh ier’s ch e ck s o u tsta n d in g
S a v in g s dep osits
______ ______ _____
____________ . . . . . __ - ___
N o t e s and b ills r e - d is c o u n te d ___________________
p a y a b le
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
____________ -- -----
________________ ____________ _
38
REPORT OF THE COMMISSIONER OF
No. 67.
C H E L S E A SA V IN G S B A N K , C H E L S E A .
O rganized J a n u a ry 30,1882.
S a m u e l G. I v e s P resident; T h o s . S . S e a r s , Vice P resident; G e o . P . G l a z i e r , Cashier.
D i r e c t o r s —Jno. R . G ates, Geo. P . G lazier, F r a n k P . G lazier, W m . J. K napp, H . M. W oods, H . S -
H o lm es, J a s. L. B abcock , T hos. S. Sears, S. G. Iv es.
R eso u rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d isc o u n ts...............................
$67,440 67
$73,849 70
$74,460 94
$81,191 09
S to ck s, bon ds a n d m o r tg a g e s ............
100,023 42
99,681 65
101,305 02
93,994 03
D u e fro m ban k s in reserv e c itie s ___
9,596 95
17,442 54
11,919 04
4,025 61
D u e fro m oth er b a n k s a n d h a n k ers.
5,958 98
5,708 68
10,204 47
13,577 37
1,604 96
3,203 46
'3,559 89
3,701 20
629 50
4,365 54
31 05
524 76
1,196 87
24 38
125 81
27 45
7,076 61
O v e r d r a fts...................................................
B a n k in g h o u s e .........................................
F u rn itu re an d fix tu r e s ...........................
O th er r ea l e s t a te ......................................
C urren t ex p en ses an d ta x e s p a id ___
1,236 91
I n te r e st p a i d .............................................
E x ch a n g e s fo r clea rin g h o u se ............
C hecks a n d c a sh ite m s ..........................
33 77
603 1£
21 13
N ic k e ls a nd p en n ies................................
66 68
61 75
63 73
104 32
G old c o i n ....................................................
576 00
495 00
357 85
287 50
S ilv er c o in ...................................................
202 00
413 50
571 00
705 50
U . S. a n d N a tio n a l ban k n o tes...........
3,410 00
2,948 00
2,831 00
3,578 00
$190,150 34
$204,462 83
6,574 14
$213,831 09
C a p ita l sto c k p a id in ..................................
$50,000 00
$50,000 00
850,000 00
850,000 00
S u rp lu s fu n d .................................................
6,132 21
7,031 92
7,031 92
7,031 92
U n d iv id e d p rofits........................................
823 69
175 43
1,172 96
1,714 90
26,422 51
33,159 86
34,427 50
49,404 90
106,771 93
114,095 62
113,941 76
105,677 37
«190,150 34
$204,462 83
6,574 14
$213,829 09
T o ta ls.
L ia b ilitie s.
D iv id en d s u n p a id ...........................^ .........
I n d iv id u a l deposits, su b je c t to c h e ck .
C ertifica tes o f d e p o sit...............................
D ue to h a n k s a nd b a n k ers.......................
C ertified c h e c k s ...........................................
C a sh ier’s ch e ck s o u t s ta n d in g ...............
S a v in g s d e p o s its ..........................................
N o tes a nd b ills r e -d isc o u n te d ...............
B ills p a y a b le .................................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
39
THE BANKING DEPARTMENT.
No. 32.
F A R M E R S STA TE B A N K , CONCORD.
O rganized N ovem b er 20, 1886.
W illiam D . Chapple , P residen t ; D . L. J acobs, Vice President; P ercy E. Chapple , Cashier.
Directors—D . L. J a co b s, G. S. T eft, W . D . C happle, J. P. W h eeler, A . W . R eynolds, P . E. C happle,
C. Y oung, Jr.
R esou rces.
L oans a nd d isc o u n ts - ___ ___________________ ____
S to ck s, hnnds a,rid m nrtgagfts.
Report of
May 13.
$43,431 36
Report of
July 12.
849,052 89
Report of
Sept. 30.
$58,964 65
Report of
Dec. 11.
$56,992 86-
7,240 00
O v erd ra fts........ .............................................................. .......
198 14
201 66
328 14
563 29
D u e fr o m b a n k s in rese rv e c itie s ________________
6,815 94
9,284 81
2.699 88
10,028 88'
from eth e r h a n k s and Inankers
4,944 97
6,781 14
4,977 28
B a n k in g h o u s e ....... ........................ ....................................
2,000 00
2,000 00
2,000 00
2,000 00
F u rn itu r e a n d f ix t u r e s ________ ______ - ........ - .........
1,700 00
1,700 00
1.700 00
1,700 00
1,679 00
1,679 00
5,210 00
5 10
302 21
689 68
O ther real e sta te
__________________ ________
C urren t e x p e n ses a n d ta x e s p a id _______________
Tnterest, paid
490 71
_ _____ _____________ ______ ______
TCxehanges fo r c le a rin g h o u se ______
C hecks an d c a sh ite m s _____________ _____ ________
185 23
155 00
2 38
N ic k e ls an d p e n n ies_______________ ______________
9 22
14 92
25 07
21 48
G old c o i n . ______________________________________
/
S ilv e r co in ______________________________________
3,620 00
5,200 00
3,400 00
4,600 00
821 00
500 00
511 00
300 00
U . S. a nd N a tio n a l b an k n o tes______________ ____
3,080 00
1,900 00
1,600 00
2,320 00
T o ta ls ........................ ........................- .............. - .............
$74,536 57
$78,319 52
$78,342 23
$84,428 57
C a p ita l sto c k p aid in .......................... ................... ..........
835,000 00
$35,000 00
$35,000 00
$35,000 00
S u rp lu s f u n d _____________________ _____________
350 00
500 00
500 00
500 00
U n d iv id e d p rofits.................................................................
994 52
324 50
842 18
1,404 33
458 50
154 00
35 00
I n d iv id u a l d ep osits, su b ject to c h e c k .......................
12,085 34
13,484 30
11,802 14
17,427 34
C ertifica tes o f d e p o s it.....................................................
26,106 71
28,552 22
28,043 91
30,061 90
L ia b ilitie s.
D iv id e n d s u n p a id _______________ ____ ___________
O ne to han k s an d h a n k ers.
C ertified c h e c k s ______________________ _________
C a sh ier’s ch e ck s o u t s t a n d in g ____ ____ _________
S a v in g s d e p o s it s _____________________ _____ _____
N o te s and h ills r e-d isco n n te d _ ________
2,000 00
B ills p a y a b l e ______________________ ____________
T o ta ls .............................. ............... ....................... .........
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$74,536 57
$78,319 52
$78,342 23
$84,428 57
40
REPORT OF THE COMMISSIONER OF
No. 79.
A M E R I C A N B A N K I N G A N D S A Y I N G S A S S O C IA T IO N ,
D E T R O IT .
O rganized A p r il 1, 1887.
W. H . Stevens, P resid en t; J no. V . Moran , Vice P resident; Chas . C. H odges, 2d Vice President,
Jno. M. N icol, Cashier.
D irectors—Jno. V . M oran, D . O. P a ig e, H. S. H odge, R ich ard M acau ley, E ber W ard, L evi L. B ar
bour, E. H . F lin n , C. C. H odges, W . P . H o llid a y , R . W . S tandart, Geo. H . H opk ins, P e te r S c h u lte ,
Jno. M. N ic o l, W . H . S tev en s.
R esou rces.
Report of
May 13.
Report of
Ju ly 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts..............................
$619,931 13
$650,907 66
$666,680 13
$668,983 72
S tock s, bon ds a n d m ortgages.............
101,383 49
96,509 87
111,865 66
129,298 37
O v erd ra fts...................................................
1,707 73
1,206 13
4,340 94
3,623 64
D u e fro m ban k s in reserv e c itie s___
174,378 37
140,601 64
190,833 91
114,915 90
D u e fro m oth er b a n k s a nd bankers.
15,574 03
4,447 56
5,079 31
13,165 64
4,513 04
4,358 22
4,233 23
4,149 91
4,468 81
4,488 26
4,514 01
65 05
4,936 71
7,531 98
B a n k in g h o u s e .........................................
F u rn itu r e a nd fix tu r es .........................
O th er r ea l e s t a te ......................................
C urren t ex p en ses an d ta x e s p a id __
1,267 99
180 18
373 16
4,372 86
44,166 70
3,591 05
I n te r e st paid..............................................
E x ch a n g e s for c le a rin g h o u se ...........
6,780 65
C h eck s an d c a sh ite m s —.......................
739 12
1,427 79
2,858 62
550 62
N ic k e ls an d p e n n ie s ..............................
1,367 08
1,463 47
1,553 67
1,76.1 11
Gold c o in ....................................................
5,320 00
3,075 00
12,777 50
12,527 50
S ilv er c o in ..................................................
16,337 25
26,754 75
29,710 00
29,460 00
U . S. a nd N a tio n a l ban k n o tes..........
53,811 00
23,971 00
38,995 00
18,972 00
T o ta ls ....................................................
1,003,000 86
3,627 81
$300,000 00
$300,000 00
$300,000 00
$300,000 00
15,000 00
15,000 00
15,000 00
16,023 82
24,319 39
30,450 65
$1,122,699 83 $1,013,418 61
L ia b ilitie s.
C a p ita l sto ck paid in .................................
S u rp lus fu n d ................................................
U n d iv id e d profits.......................................
40,858 09
777 00
D iv id en d s u n p a id .......................................
In d iv id u a l deposits, su b ject to check.
424,936 74
383,414 86
503,069 63
420,460 57
C ertificates o f d ep o sit...............................
74,438 29
83,606 30
92,366 12
46,537 78
D u e to ban ks a nd b a n k e rs......................
53,023 67
56,771 67
58,320 79
48,212 98
109,744 07
108,034 16
129,623 90
152,756 63
$1,003,000 86
3,627 81
C ertified c h e c k s ......................................... .
C ash ier’s ch e ck s o u tsta n d in g ............. .
S a v in g s d ep o sits............................... ......... .
N o tes an d b ills r e-d isco u n te d ............. .
B ills p a y a b le ...............................................
T o ta ls........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,122,699 82 51,013,418 61
41
THE BANKING DEPARTMENT.
No. 73.
C E N T R A L S A Y I N G S B A N K , D E T R O IT .
O rganized A p ril 19,1888.
Gilbert H art, P residen t; Conrad Clippert , Vice P residen t ; J oseph C. H art, Cashier.
D irectors—H en ry C. H art, W . A . C. M iller, C has. K. L ath am , W . E . B ark er, M. H . C h am b erlain ,
J osep h C. H art, C onrad C lippert, G ilb ert H art.
1
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d isco u n ts .........................__...........................
$156,504 86
$184,588 19
$180,816 21
$186,593 03
S to ck s, bon ds a nd m o rtg a g es.........................................
74,700 00
83,630 00
93,310 00
95,268 56
O v e r d r a fts____________________________ _________
98 12
42 13
373 34
238 15
D u e fro m b a n k s in reserv e c itie s .................................
67,218 66
25,933 19
49,568 24
48,190 31
D ue fro m oth er ban ks an d b a n k ers - ............. ...........
1,224 64
166 25
3,640 40
3,645 40
3,645 40
3,645 40
R a n k in g h o u se
F u rn itu r e and fix tu r e s ......................................................
Oth
885 69
______ _____________ _____ _____
rea l e s t a t e ............. ..................................................
C urren t ex p en ses and ta x e s p a id ................. .............
9,460 88
750 28
2,519 77
4,541 99
Interest, paid _______________ -..... ................................
704 35
78 96
120 85
2,429 36
E x ch a n g e s for c le a rin g b o u s e .....................................
1,727 10
757 86
1,691 55
4,794 07
C h eck a n d ca sh ite m s ______ ____ _____ _____ ____
36 30
295 66
75 70
3,719 23
N ic k e ls and. p e n n ie s ____________________________
45 56
29 96
19 30
37 33
G old c o i n ...........................- ............................. ...................
605 00
127 50
165 00
647 50
_________________ ___ __________ ___
1,138 36
1,449 20
435 50
1,869 90
U . S. a n d N a tio n a l ban k n o te s .......................... ..........
8,767 00
8,789 00
10,195 00
10,289 00
T o ta ls ................... .................. ..........................................
$325,871 23
$310,283 58
$342,935 86
$363,159 52
$100,000 00
$100,000 00
$100,000 00
$100,000 00
10,956 44
2,027 44
5,165 38
9,010 89
I n d iv id u a l dep osits, su b je c t to c h e c k ......... ..............
87,858 52
79,175 41
87,153 39
76,494 30
C ertifica tes o f d ep o sit............................ ..........................
13,392 49
6,128 59
6,362 84
18,255 81
D u e to b a n k s an d b a n k e rs.............................. ...............
10,039 79
10,521 32
11,733 29
338 30
300 00
487 34
103,123 99
112,130 82
132,033 62
158,854 97
$325,871 23
$310,283 58
$342,935 86
$363,159 52
S ilv er coin
L ia b ilitie s.
C a p ita l sto ck p aid in ..........................................................
S u rp lu s fu n d
_________________ ____
U n d iv id e d p rofits................................................................
R iy id e n d s n n p a id
C ertified c h e c k s _____________________________
Clashier’s ch e ck s o u tsta n d in g
S a v in g s d ep o sits........... .......................................„..............
205 25
500 00
N o tes and t)ills re-discou nted
R ills p a y a b le . _
T o ta ls _______________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42
REPORT OF THE COMMISSIONER OF
No. 82.
C I T I Z E N S ’ SA Y IN G -S B A N K , D E T R O IT .
O rganized M arch 2,1385.
Christian Mack, President ; E dwin F. Mack, Cashier.
Directors—J o h n H . A v e ry , T hos. B erry, A m os C haffer, W . W . H an n an , W m . F . J e w ell, C hristian
M ack, A ug. M a rx h a u sen , C has. H . W ern er.
R esources.
L oans a nd d is c o u n ts ............_ .........................
S to ck s, bonds an d m o r tg a g e s ............... . ..................
O v erd ra fts...................... .....................
D u e fro m b a n k s in reserv e c itie s . . ........
D ue fro m oth er han ks an d h a n k e r s ............................
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
$532,036 74
8499,029 84
$499,952 72
$493,327 71
112,109 25
111,720 20
107,290 96
114,097 73
351 80
372 22
2,781 61
503 39
63,038 18
60,349 95
68,466 39
73,414 53
6,490 60
8,331 71
5,165 62
3,726 74
903 20
903 20
903 20
903 20
775 38
442 68
4,392 99
3,614 40
4,957 58
4,694 37
4,790 49
12,988 67
763 75
557 25
613 80
5,532 34
25 81
78 31
64 50
106 0 2
2,244 50
472 50
2,385 00
1,587 50
B a n k in g h o u se ..............................................
F u rn itu re and fix tu r es....................................
O ther r ea l e s t a te ..................................
C urren t ex p en ses a nd ta x e s p a i d ............
950 00
In te r e st p a id .................................................
E x ch a n g e s fo r c le a rin g h o u s e ......................
C hecks a n d c a sh ite m s.........................................
N ic k e ls a nd p e n n ie s ............................
G old c o in .................................... ..............................
S ilv er c o i n . . ...............................
U. S. and N a tio n a l b an k n o te s_______
T o ta ls ......................................................
----------- —----------------------------------------------- --------------
2,469 00
4,938 35
2,346 00
4,177 05
36,095 00
38,069 00
25,577 00
30,079 00
$762,260 79
$729,959 58
$724,730 28
8745,008 28
$ 1 0 0,000 00
$ 1 0 0 ,0 0 0 0 0
L ia b ilitie s.
C ap ital sto c k p a id in ...........................................
$ 1 0 0 ,0 0 0 00
$ 1 0 0,000 00
S u rp lu s fu n d ........................1................
20,000 CO
2 0 ,0 0 0 00
2 0 ,0 0 0 0 0
2 0 ,0 0 0 0 0
U n d iv id e d profits.................. ..............
16,818 04
18,785 22
23,649 97
31,963 60
265,348 57
258,405 10
272,122 09
255,477 21
7,785 00
5,265 00
3,760 00
2,725 00
164,766 73
168,444 32
137,966 88
135,348 21
247 70
7,245 00
D iv id e n d s u n p a id .............................
In d iv id u a l dep osits, su b ject to c h e c k .......................
C ertificates o f d ep o sit..........................
D ue to ban k s a n d b a n k e rs............................
C ertified c h e c k s .............................
C a sh ier’s ch e ck s o u tsta n d in g .............................
S a v in g s deposit..............................................
250 00
400 00
267 52
187,142 45
158,544 72
159,986 34
199,044 26
$762,260 79
$729,959 58
$724,730 28
$745,008 28
200 00
N o tes an d b ills r e -d isc o u n te d ............
B ills p a y a b le ................... ..................
T o ta ls ...............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
43
THE BANKING DEPARTMENT.
No. 37.
T H E C I T Y SA V IN G -S B A N K , D E T R O IT .
« %
O rganized O ctober 25, ]889.
W . H . Brace, President; Geo. R . A ngell, Vice P resident; W . G. V inton , 2nd Vice P resident;
F . B. H arper , Cashier.
Directors—W . H. B race, G. R . A n g e ll, T hos. M cG raw , A. G rosfield, J. A . R em ick , Geo. S. D a v is,
F . C. P in g ree, H. H . H um phrey, W . L. A ndrus, Jno. S. G ray, B ru ce G oodfellow ,
W . G. V in to n , Geo. D in g w a ll, F . A . N oah, H en ry A n d ries.
Report of
Dec. 11.
R esou rces.
L oans and disocunf.s
- ___
Sto ck s bon ds and ■mnrtgRgBS
.
O verd rafts
____ - _________ - ................ ............... ....................-
.
___
$201,921 80
21,650 00
___________________ - ________- ___ ______ ___ - ___________ -
91 01
_ __ __ ____________________________________
26,302 84
____________________________________ - ____
1,569 89
D u e from h a n k s in reserv e c itie s
D u e from nther h a n k s and h a n k ers
B a n k in g b o u se
__________ _______________ - - - - - - - - - - - -
___ ____
__
-- _____________
_______________________
F u rn itu r e and fix tu r es ______________ _________ _______ ___ ____ - ____ ___________________
1,531 13
O th er real e sta te __________________ __________ - ____ - __________________- ____ ____ _______
*
C urren t e x p en ses and ta x e s p a id _______________
_______________________________ - _____
2,994 70
In te r est paid
_____________________________________________________________________
C h eck s and cash ite m s
_
9,240 64
_____________________ ____________________ ______ - - - - - - - ___ _
350 00
_________________
__
N ic k e ls and p e n n ie s __________ _____________________________________________________ _____
G old co in _ -
........ ..................... ............................. .................... - ........................ - ____ ____ - - --_______
S ilv er coin
_ ___
__________________________________________ . . . __________
TT S. and N a tio n a l h a n k n o tes _____ ____________ ____________ ____ ______________________
T o ta ls
-
1 33
_______________ __________ -----
E x ch a n g e s fo r c le a rin g h ou se
- ______________________________ ___________- ____ - __ ______ ______ - _______
81 84
1,685 00
5,939 60
17,561 00
$290,723 78
L ia b ilitie s.
C apital stock paid in . __________________________
Su rp lus fund
_
__
_
________________ ______________________
________
U n d iv id e d p ro fits________ _______________________________________________________________
D iv id e n d s unpaid
_________
$171,510 00
_____________________ ______________
3,322 27
_______ ____ ___________ ____ ______ _____ ____ ______
In d iv id u a l d ep osits, su b je c t to c h e c k ________ ____ __________ ______ _____________________
67,613 48
C ertificates o f d ep o sit____________________________________________________________________
9,444 44
D u e to b a n k s and h a n k ers
____
___________________
C ertified c h e c k s __________ _______________________________________________________________
C ash ier’s ch eck s o u tsta n d in g
S a v in g s d e p o s it s ____-
____ _
______
___ _____
_____ - ................................................................................. .....................................
N o te s a nd h ills r e-d isco u n te d ________ __ _ ______
R ills p a y a b le
_
_________
_
38,058 59
_____1_________ ____ _________________
__
_____________________________
T o ta ls ___________________________ _______ ________ ____________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
975 00
_________________________
\
$290,923 78
U
REPORT OF TEE COMMISSIONER OF
No. 47.
D E T R O IT S A V IN G S B A N K , D E T R O IT .
,< p
O rganized, 1849; R e-o rg a n ized J u ly 18, 1871.
S i d n e y D . M i l l e r , P residen t; T h o s . F e r g u s o n , Vice P residen t ; E . C. B o w m a n , Cashier.
D i r e c t o r s —S id n ey D . M iller, Thos. F ergu son , Jas.' E. P ittm a n , A le x . C hapoton, F red erick B.
Sib ley, W . K. M uir, Geo. J ero m e, J a m e s M cM illan.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
Loans an d d is c o u n t s ...........................
558,601 01
$1,649,127 14
S to ck s, bonds a nd m o rtg a g es..............
956,910 29
1,991,618 85
2,042,779 87
O v erd ra fts...................................................
4,961 68
9,073 88
2,078 52
7,646 73
D u e fro m b a n k s in reserv e c itie s ___
349,291 62
356,450 74
384,366 24
373,457 21
D u e fro m o th er ban ks an d b a n k e rs.
5,812 35
1,653 11
4,331 01
3,084 84
10,500 00
$1,706,709 97 $1,793,121 49
2,078,922 00
B a n k in g h o u se...........................................
F u rn itu re a n d fix tu r es...........................
10,500 00
10,500 00
10,500 00
O th er r ea l e s t a t e ................................. ..
15,091 31
15,101 93
704 31
C urren t ex p en ses a n d ta x e s p a id ___
10,646 06
513 03
10,392 82
in t e r e s t p a i d .............................................
1,743 80
46 16
476 53
1,396 46
E x ch a n g e s fo r c le a rin g h o u s e ............
28,263 28
10,251 90
7,815 20
28,595 67
C hecks an d ca sh ite m s ..........................
696 75
1,867 33
2,571 42
1,894 74
N ic k e ls a nd p e n n ies................................
441 66
192 26
95 27
277 78
G old c o i n .....................................................
53,328 00
52,878 00
55,185 50
61,643 00
16,512 58
S ilv e r c o in ................................ ..................
23,206 00
14,184 80
29,370 80
12,361 55
U . S. a nd N a tio n a l ban k n o te s ..........
224,338 00
169,810 00
182,690 00
149,765 00
$4,243,831 81
4,283,269 13
$200,000 00
$ 200,000 00
193,435 67
182,831 48
T o ta ls .
4,440,067 46 84,539,179 05
L ia b ilities.
C a p ita l sto ck paid in ..................................
$ 200,000
00
$ 200,000
00
S u rp lu s f u n d .................................................
U n d iv id e d profits.........................................
D iv id e n d s u n p a id ........................................
197,156 11
221,045 96
328,994 75
1,150 00
I n d iv id u a l deposits, su b ject to c h e c k .
440,184 79
372,626 63
366,677 22
C ertifica tes o f d e p o sit..............................
89,782 66
24,638 24
33,062 54
18 435 57
D u e to ban ks and b a n k e rs.......................
36,161 21
27,710 06
29,781 96
28,265 49
C ertified c h e c k s ...........................................
8,414 88
2,043 00
1,738 23
1,203 42
3,275,852 60
3,472,269 72
3,611,651 40
3,741,233 86
4,243,831 81
84,283,269 13
$4,440,067 46
4,539,179 05
C a sh ier’s ch e ck s o u t s ta n d in g ................
S a v in g s d ep o sits...........................................
N o tes a nd b ills r e-d isco u n te d ................
B ills p a y a b le .................................................
T o ta ls .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
45
THE BANKING DEPARTMENT.
No. 9.
T H E D IM E S A Y I N G S B A N K , D E T R O IT .
O rganized A pril 5,1884.
Sullivan M. Cutcheon, P resident; James E. S oripps, Vice P resident; W illiam H . E lliott,
2d Vice President ; F red ’k W oolfenden , Cashier.
Directors—S. M. C utcheon, Geo. H. Barbour, W m . H . E llio tt, J. L. H ud son , Ja s. D ean, C. A .
W a rren , J as. E. Scripps, R . J. F . R oeh m , W m . L iv in g sto n e , Jr.
R eso u rces.
Report of
May 13.
Report of
i July 12.
Report of
Sept. 30.
Report of
Deo. 11.
L o a n s a nd d is c o u n ts ................................
$543,597 39
8474,662 84
$379,505 53
$390,129 02
S tock s, bon ds a nd m o r tg a g e s .............
487,469 27
491,094 04
508,715 92
522,131 77
O v erd ra fts....................................................
1,508 48
1,526 21
365 74
576 66
168,855 58
66,119 57
154,729 23
169,013 57
3,499 58
1,199 28
4,805 62
7,113 57
1,644 31
D ue fro m b a n k s in reserv e c itie s —
D u e fro m oth er b a n k s an d b a n k e r s .
B a n k in g h o u se ...........................................
F u rn itu r e a n d fix tu res . . ....................
O ther r ea l e s t a te .......................................
1,644 31
1,644 31
1,644 31
C urren t ex p en ses a nd ta x e s p a id .......
6,533 39
646 94
5,080 06
8,425 85
I n te r e st p a id ............... .............................. .
2,188 87
1,410 46
3,099 29
4,153 45
7,013 04
5,997 60
3,665 23
E x ch a n g e s fo r c le a rin g h o u se ............
C h eck s an d c a sh ite m s ...........................
16,653 72
299 58
N ic k e ls a nd p e n n ie s ................................
G old c o in .......................................................
S ilv e r c o in ....................................................
4,316 57
2,200 00
3,888 32
1,874 22
U . S. a n d N a tio n a l h a n k n o t e s ..........
8,494 00
Î4,080 00
10,903 00
19,731 00
1,244,761 16
$1,058,548 46
$1,079,750 06
1,130,791 02
C a p ita l sto c k paid i n .................................
$200,000 00
$200,000 00
00
$200,000 00
S u rp lu s fu n d ............................................... -
15.000 00
17,000 00
17,500 00
17,500 00
U n d iv id e d p ro fits.........................................
17,217 17
9,905 09
11,145 57
22,138 90
D iv id e n d s u n p a id .........................................
20 00
52 00
In d iv id u a l deposits, su b je c t to c h e c k .
168,288 09
122,003 03
120,758 33
121,753 82
T o ta ls .
L ia b ilitie s.
$ 200,000
20 00
C ertifica tes o f d e p o s it................................
206,215 57
140,564 63
101,062 66
127,578 98
D u e to b a n k s and b a n k e rs.......................
13.000 00
10,097 04
20,045 00
11,095 33
C ertified c h e c k s . .. , .....................................
368 30
C a sh ier’s ch e ck s o u tsta n d in g ................
104 99
S a v in g s d ep o sits............................................
624,547 04
558,926 27
609,238 50
629,878 05
1,244,761 16
$1,058,548 06
$1,079,750 06
1,130,791 02
825 94
N o te s a n d b ills r e - d is c o u n te d ...............
B ills p a y a b le .................................................
T o ta ls .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
46
REPORT OF THE COMMISSIONER OF
No. 5.
G E R M A N A M E R I C A N B A N K , D E T R O IT ..
O rganized F eb ru a ry 3, 1883.
E dward K anter , P resident; Chas . E. K anter , Vice P resident; H enry L. Kanter, Cashier.
Directors.—E d w ard K a n ter, M. L. K anter, H. L. K an ter, F. E. K an ter, C. E. K an ter.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 12.
L oans a n d d isc o u n ts..........................................................
$352,451 65
$312,522 22
$259,558 72
8291,957 78
S to ck s, bon ds an d m o rtg a g es.........................................
216,305 00
216,725 27
229,745 00
238,135 00
O v e r d r a fts............................ .................................................
531 26
1,124 70
278 49
4,956 32
D u e from b an k s in reserve c itie s ..................................
210,047 27
292,904 81
327,562 05
268,242 08
D u e from oth er ban ks and b a n k e rs______________
13,695 59
9,021 54
15,933 81
5,019 62
3,000 00
3,000 00
3,000 00
3,000 00
2,854 39
3,599 55
2,074 74
4,567 78
E x ch a n g e s fo r c le a rin g h o u se ................... ....................
5,942 71
9,975 47
8,255 23
5,008 56
C h eck s an d cash ite m s......................................................
5,277 71
1,430 27
11,154 74
3,025 23
B a n k in g h ou se . . .....................................................- ...........
F u rn itu re and fix tu res......................................................
O th er real e st a te .................................................................
C u rren t e x p e n ses an d ta x e s p a id ................................
In te r est p a id ................................ .................... ....................
N ic k e ls an d p en n ies.............................. .............................
G old c o i n ..........................................................
1,310 33
950 76
615 43
186 83
49,032 50
52,650 00
61,390 00
60,335 00
S ilv e r c o in .......................................................................
16,761 00
14,762 10
16,189 20
3,610 45
U . S. an d N a tio n a l b a n k n o tes....................................
84,484 00
85,408 00
209,041 00
163,737 00
T o ta ls .............................. ...............................................
$961,693 41
$1,004,074 69
8100,000 00
$ 100,000 0 0
$ 1 0 0 ,0 0 0 0 0
8100,000 00
11,214 60
17,729 94
5,864 71
14,701 52
227,948 43
190,940 96
267,293 71
190,418 04
310 00
3,665 91
940 00
1,150 00
25,480 10
65,340 10
130,059 05
99,128 96
$1,144,798 41 $1,051,781 65
L ia b ilitie s.
C a p ita l sto c k paid in ...................... ....................
Su rp lus f u n d ................................................................
U n d iv id e d p ro fits..........................................................
D iv id e n d s u n p a id ............................................................
I n d iv id u a l deposits, su b je c t to c h e c k ........................
C ertifica tes o f d e p o sit...................................................
D u e to ban k s a n d b a n k e rs...............................................
C ertified c h e c k s ............................................
9,410 70
C a sh ier’s ch e ck s o u tsta n d in g .........................................
S a v in g s d ep o sits.................................................... ..........
596,740 28
626,397 78
8961,693 41
$1,004,074 69
640,640 94
636,972 43
N o tes an d b ills r e-d isco u n te d ................................
B ills p a y a b le............................................................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,144,798 41 $1,051,781 65
47
THE BANKING DEPARTMENT.
No. 90.
T H E H O M E S A V I N G S B A N K , D E T R O IT O rganized D ecem b er 11, 1888.
J a m e s M c G r e g o r , P resident; W m . C. M a y b u r y , Vice P resident; W . J. G o u l d , 2d Vice P residen t;
J. S. S c h m it t d ie l , Cashier.
c.
D ir e c t o r s —W m .
M aybury, C. H. M ills, C. C.^Yemans, Ja s. M cG regor, A ug. R uoff, C. I. F a rrell,
Geo. W . R adford, W . H. E llis , C has. Y . B ryan , Josep h T aylor, W . J. G ould, Jno. S. S c h m ittd iel.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n t s ........................................-................
$187,014 87
$200,253 29
$467,742 21
$485,232 62
S to ck s, bon d s a nd m o rtg a g es.........................................
29,002 61
52,106 57
99,510 00
123,527 50
D u e fro m b a n k s in reserv e c itie s .................................
44,564 04
62,627 60
156,383 70
130,463 06
D ue fro m o th er ban k s a nd b a n k e rs............................
537 78
3,586 98
5,982 81
4,220 88
B a n k in g h o u s e .....................................................................
2,900 00
3,217 25
3,826 38
3,826 38
F u rn itu r e an d fix tu r es......................................................
2,440 67
2,925 89
3,978 79
4,098 52
3,679 00
6,102 62
9,076 30
12,029 63
351 05
470 44
5,318 46
27,190 81
10,052 10
1,689 28
Oth pi* real e sta te
C urren t ex p en ses an d ta x e s p a i d ................................
In te r est paid
E x c h a n g e s fo r c le a r in g h o u s e .................................... .
4,107 01
O beeks and easb ite m s
9,020 70
__________
N ic k e ls a n d p e n n ies...........................................................
115 98
177 99
52 87
412 59
G old co in ..................................................................................
2,310 00
412 50
390 00
5,300 00
S ilv e r c o i n . . . .........................................................................
1,748 75
1,682 00
308 75
905 75
U . S, an d N a tio n a l ban k n o tes.......................................
15,395 00
3,080 00
5,179 00
16,699 00
T o ta ls.................................................................................
8302,836 41
$363,714 55
8762,953 35
$793,723 67
$120,000 00
$132,300 00
$175,700 00
$188,000 00
4,344 69
6,844 15
16,276 74
25,619 24
L ia b ilitie s.
C a p ita l sto ck paid i n .........................................................
Sn rp l hr fund
___
_____________________
U n d iv id e d profits.................................................................
D iv id e n d s u n p a id
__
_____________
I n d iv id u a l d ep osits, su b ject to c h e c k ........................
74,171 48
98,333 45
439,340 48
424,555 87
C ertificates o f d e p o sit......................................................
12,255 00
2,225 00
1,300 00
3,111 38
D ue to ban k s a nd b a n k e rs...............................................
2,227 07
6,968 98
6,011 88
4,960 55
C ertified c h e c k s ................... ...............................................
1,127 75
50 00
200 00
619 49
S a v in g s d e p o sits...................................................................
88,710 42
116,992 97
124,124 25
146,857 14
$302,836 41
$363,714 55
8762,953 35
$793,723 67
"Notes a n d b ill s r e -d is e o n n te d
■Rills p a y a b le
_
_________________
____ ________________
T o ta ls............................... ...............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
48
REPORT OF THE COMMISSIONER OF
No. 4.
T H E M E C H A N I C S ’ B A N K , D E T R O IT .
O rganized O ctober 10,1871.
W illiam A. B utler, P resident; E. H. B utler, Cashier ; W m. A. B utler, J r ., Ass't Cashier.
Directors—F red. E. B u tler, Wm. A. B u tler, Jr., M. A. B u tler, E. H. B u tler, Wm. A. B u tler.
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d isc o u n ts. - .......................................................
$483,830 68
$541,844 39
$472,444 56
$432,317 16
S to ck s, bon ds a n d m o rtg a g es.........................................
396,672 51
419,663 30
442,114 09
456,722 96
O v erd ra fts..............................................................................
2,742 51
1,224 57
2,145 64
3,220 02
D u e fro m b a n k s in reserv e c itie s .................................
134,189 81
143,612 45
129,097 52
138,519 99
D u e fro m o th er ban k s a nd b a n k e rs..........................
1,461 46
2,831 04
2,412 77
3,360 24
O ther r ea l e s t a t e .................................................................
2 ,0 0 0 0 0
2 ,0 0 0 00
4,380 00
4,380 00
C urren t ex p en ses an d ta x e s p a id ............... ..................
4,056 01
7,689 65
11,299 28
13,626 6 6
9,404 03
B a n k in g h o u se.......................................................................
F u rn itu re and fix tu r es......................................................
In te r e st p a id ....... ...................................................................
E x ch a n g e s for c le a r in g h o u se .......................................
5,188 23
10,670 51
4,042 05
C hecks a n d c a sh ite m s .. ........................................... .
332 00
245 00
3,183 94
550 00
N ic k e ls a nd p e n n ies...... ................................................
466 22
501 81
614 50
481 75
200 00
G old co in ...........................................................................
1 0 ,0 0 0 00
2,500 00
1 ,2 0 0 00
S ilv e r c o in ...............................................................................
5,500 00
4,000 00
6,500 OH
500 00
U . S. an d N a tio n a l ban k n o tes................... ................
21,183 00
46,932 00
40,275 00
46,120 00
$1,067,622 43
$1,183,714 72
$ 1 0 0 ,0 0 0 00
$ 1 0 0 ,0 0 0 00
$ 1 0 0 ,0 0 0 0 0
$ 1 0 0 ,0 0 0 0 0
34,633 22
27,979 54
39,341 08
41,758 95
331,799 55
T o ta ls ........................................................................... .
$1,119,709 35 $1,109,402 81
L ia b ilitie s.
C a p ita l sto c k paid in ..........................................................
S u rp lu s f u n d .........................................................................
U n d iv id e d p ro fits................................................................
D iv id e n d s u n p a id ..................... .........................................
In d iv id u a l deposits, su b ject to c h e c k ........................
385,126 96
446,357 97
417,219 17
C ertifica tes o f d e p o sit......................................................
4,643 28
11,008 12
13,056 24
5,356 69
D u e to banks a n d b a n k e rs...............................................
7,280 73
16,642 79
8,004 61
8,513 55
C ertified c h e c k s ...... ............ ................................................
500 00
500 00
550 00
500 00
10,063 67
60 00
535,438 24
571,112 63
541,528 25
T o ta ls................................................................................. 81,067,622 43
$1,183,714 72
C ash ier’s ch eck s o u tsta n d in g .........................................
S a v in g s d e p o sits...................................................................
621,474 07
N o tes a nd b ills r e-d isco u n te d .......................................
B ills p a y a b le ...................... - ..............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,119,709 35 $1,109,402 81
49
THE BANKING DEPARTMENT.
No. 81.
M I C H I G A N S A V I N G S B A N K , D E T R O IT .
O rganized F eb ru a ry 19, 1877.
George P eck, President; H orace M. Dean , Vice President; Sam’l R. Mttmford, Treasurer.
Directors—Jas. D. S ta n d ish , A . G. L indsay, C laren ce M. B urton, H en ry A . C lelan d , H orace M.
D ean, Sim on J. M urphy, Geo. W . L atim er, J o h n Ii. K aple, S a m u el R . M um ford, G eorge P eck .
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d is c o u n ts ..........................................................
5250,997 47
5278,240 17
$236,922 59
5221,023 30
S tock s, bonds an d m o r tg a g e s.........................................
795,607 25
831,493 71
878,812 01
890,139 46
O v erd ra fts..............................................................................
569 61
1,221 03
384 73
421 72
D u e fro m b a n k s in reserv e c itie s ........... ......................
238,207 47
234,507 99
186,290 26
208,432 00
D ue fro m o th er b a n k s a n d b a n k ers...........................
4,651 48
17,467 30
5,472 25
1,455 10
2,COO 00
2,000 00
2,000 00
2,273 69
2,273 69
1,412 57
B a n k in g h o u se .....................................................................
F u rn itu re a nd fix tu r e s....................................................
2,000 00
O ther r ea l e s t a t e ............................ - ...................................
C urren t e x p en ses a n d ta x e s p a id ..............................
415 28
In te r est p a id .......................................................................
7 50
610 86
16 54
E x ch a n g es for c le a rin g h o u se .......................................
3,690 12
4,767 63
6,669 15
14,247 88
2,893 60
C hecks a nd ca sh ite m s ......................................................
2,202 29
3,157 74
4,536 27
N ic k e ls and p e n n ies—..................... .................................
71 07
36 58
70 70
87 69
G old c o in ..................................................................... ..........
16,180 69
24,914 00
26,454 00
17,896 17
S ilv e r c o in ..............................................................................
12,384 25
13,623 55
2,967 67
2,280 55
U . S. and N a tio n a l ban k n o t e s .....................................
41,343 60
32,603 10
30,591 00
28,844 35
$1,367,905 30
$1,446,729 27
5150,000 00
$150,000 00
$150,000 00
30,000 00
30,000 00
30,000 00
17,206 70
14,768 62
20,498 21
T o ta ls ........................................................................... .
$1,383,444 32 $1,391,761 79
L ia b ilitie s.
C a p ita l sto c k paid i n ..........................................................
Su rp lus fu n d .........................................................................
U n d iv id ed profits................................................................
44,657 43
5150,000 00
D iv id en d s u n p a id ............................................ ...................
80 00
2,920 00
100 00
I n d iv id u a l dep osits, su b je c t to c h e ck ........................
136,124 65
122,086 41
111,994 20
131,889 13
C ertificates o f d ep o sit........................................................
77,125 95
102,008 90
80,549 21
62,44 2 88
D u e to b a n k s an d b a n k e r s ..............................................
1,330 94
406 31
2,884 34
1,214 36
C ertified c h e c k s __________________ ___
1,008 72
2,615 50
2,600 00
980,532 45
993,117 21
C a sh ie r ’s c h eck s o u tsta n d in g ............................
S a v in g s d e p o s its ..................................................................
957,577 61
1,022,100 95
T otals:'............................................................................... $1,367,905 30
$1,446,729 27
N o tes an d b ills r e -d isc o u n te d ....................................
B ills p a y a b le ________ ________ ______
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
$1,383,444 32 51,391,761 79
50
REPORT OF THE COMMISSIONER OF
No. 15.
T H E P E N I N S U L A R S A V I N G S B A N K , D E T R O IT .
O rganized A u g u st 27, J887.
A . Chapoton , J r ., President; E . Corbett, Vice President; J o s . P errien , 2nd Vice P resident;
J o s . B. Moore, Cashier; J. H. J ohnson, Assistant Cashier.
D irectors—E. O. G rosvenor, W . E. M oloney, C. S c h u lte , H . B eck er, J. P errien , T hcs. B ariu m , W .
M . J oh n son , F. H ow ard, W . P. R a tig a n , Geo. H a n ley , S. C K arrer, S. Sim on, M. B rennan, J. B.
M oore, G. W . L ee, J. M. D w y er, A . C hapoton, Jr., S. H. C larkson, C. C orbett, J. D w yer, John
A tk in so n .
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts ..........................................................
$843,646 92
$944,758 44
S to ck s, bon ds an d m o rtg a g es.........................................
244,472 68
241,494 53
250,485 90
O v e r d r a fts............................................. . ...............................
454 02
950 70
7,248 72
301 04
D u e fro m ban ks in reserv e c itie s ..................................
252,091 57
156,313 45
181,615 37
119,340 11
419 30
518 95
10,627 53
4,000 00
3,600 00
3,600 00
3,600 00
C u rren t ex p en ses an d ta x e s p a id ................................
5,766 11
150 91
4,874 78
8,467 19
I n te r e s t p a i d .........................................................................
5,664 18
131 26
2,082 44
9,079 99
D u e from o th er h a n k s an d h a n k e rs............................
10,419 30
$1,007,891 97 $1,018,057 88
263,603 02
B a n k in g h o u s e ...................................................................
F u rn itu r e a nd f ix t u r e s ...................................................
O th er r ea l e s t a t e .. . ....................... .....................................
E x ch a n g e s for clea rin g h o u se .......................................
6,107 31
10,385 98
17,853 14
12,620 17
C h eck s an d c a sh ite m s ......................................................
7,777 06
10,766 35
11,457 63
5,429 00
N ic k e ls a n d p en n ies............................................................
704 13
680 23
143 84
339 56
G old c o in ................................................................................
7,860 00
2,335 00
10,210 00
7,710 00
S ilv e r c o in ...............................................................................
4,813 50
5,228 00
19,751 50
8,225 00
U . S. a n d N a tio n a l han k n o te s ......................................
9,912 00
15,307 00
33,431 00
13,597 00
T o ta ls ................................................................................ $1,403,688 78
$1,392,521 15
$1,551,165 24 61,480,997 49
L ia b ilitie s.
C a p ita i sto c k p a id in .........................................................
3335,900 00
$342,900 00
$343,900 00
$344,400 00
S u rp lu s fu n d .........................................................................
20,000 00
22,000 00
22,000 00
22,000 00
U n d iv id e d p r o fit s ................ .............................................
20,994 36
6,799 44
21,437 21
33,853 62
D iv id e n d s u n p a id .................................................................
108 75
1,486 08
37 71
12 00
In d iv id u a l deposits, su b je c t to c h e c k ........................
325,756 56
282,459 57
325,228 84
262,952 29
C ertifica tes o f d ep o sit........................................................
192,209 08
195,882 00
208,136 67
154,168 34
D u e to ban k s an d b a n k e r s ............................ .................
154,563 51
164,289 85
206,141 31
2i6,843 62
C ertified c h e c k s ...................................................................
1,683 97
5,145 66
8,025 61
C a sh ier’s c h eck s o u t s t a n d in g ..........................................
4,880 42
S a v in g s dep osits ..................................................................
347,593 13
371,558 55
T o ta ls ............... ................................................................ $1,403,688 78
$1,392,521 15
1,055 53
20,046 97
416,257 89
425,665 12
N o tes and b ills r e-d isco u n te d .......................................
B ills p a y a b le .........................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,551,165 24 $1,480,997 49
51
THE BANKING DEPARTMENT.
No. 52.
P E O P L E ’S S A Y I N G S B A N K , D E T R O IT .
O rganized J a n u a ry 1, 1872.
M. W. O’Brien , P residen t; A. P ulte, Vice P residen t ; F A. Schulte, 2nd Vice P residen t;
G. E. Lawson, Cashier; R. W . Smylie , A uditor.
D irectors—F. A . S c h u lte , J. Y . M oran, C. C arpenter, H. W . C andler, Jno. M ark, A . P u lte , J .
S c h u lte , Geo. H . B arbour, W. C. Y a w k ey , D. W h itn ey , Jr., W . B. M oran, J. D w yer, F . F. P a lm s,
J. L. E dson, W ilh e lm B oeing, M. W . O’B rien , P. F itz sim o n s.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts ........................................................
$1,627,211 07
$1,656,457 54
S to ck s, bonds a nd m o rtg a g es.......................................
2,968,283 43
2,738,034 67
3,060,367 03
O v e r d r a fts.............................................................................
11,253 85
941 73
1 225 4fi
D u e fro m b a n k s in reserv e c itie s ................................
449,782 57
559,965 46
505,135 11
489,200 51
D u e fro m o th er ban k s an d b a n k e rs............................
85,430 26
48,016 09
13,681 66
13,260 79
117,030 94
107,071 84
101,045 07
$1 581 800 45 §1 394 737 i i
3 0 0 2 701 13
B a n k in g h o u se.....................................................................
F u rn itu r e a nd fix tu r es.....................................................
O th er r ea l e s t a t e ..................................................
C urren t e x p en ses an d ta x e s p a id ................................
1,400 00
11
992 0 0
101,536 04
17,675 66
1,228 83
23,170 42
32,275 13
I n te r e st p a i d ..................................................................
5,039 61
932 30
3,625 37
74,291 40
E x ch a n g e s fo r c le a rin g h o u se ................................
2 1 ,0 2 1 2 0
27,456 09
13,843 10
59,371 73
1,004 75
3,130 05
18 40
1,739 25
860 72
280 62
324 52
449 22
8,692 50
2,492 50
3,540 00
4,747 50
C hecks a n d c a sh it e m s .....................................................
N ic k e ls an d p e n n ies.......................................................
G old c o i n ................. .............................................
S ilv e r c o in ..................................
U . S. an d N a tio n a l ban k n o te s ......................................
T o ta ls ........................................................................
18,092 75
21,820 00
11,410 00
17,000 00
236,350 00
210,451 00
154,729 00
117,168 00
$5,567,759 31
$5,376,278 72
$5,475,315 89 $5,822,144 67
L iab ilities.
C a p ita l stock paid in ............... ........................................
$500,000 00
$500,000 00
$500,000 00
$500,000 00
S u rp lu s f u n d ....................................................................
1 0 0 ,0 0 0 00
1 0 0 ,0 0 0 00
1 0 0 ,0 0 0 00
170,000 00
U n d iv id e d profits.................. ........................................... .
132,598 32
79,588 55
125,305 16
97,609 28
4,240 00
320 no
D iv id en d s u n p a id .......... ....................................................
In d iv id u a l deposits, su b ject to c h e c k .....................
739,858 16
495,531 60
434,962 30
653,827 16
C ertifica tes o f d e p o sit......................................................
390,622 99
347,324 12
384,799 78
350,271 54
D u e to ban k s a nd b a n k e rs...............................................
157,991 66
150,579 76
131,221 24
120,143 64
3,228 92
2,092 05
6,075 75
7,713 02
3,543,459 26
3,606,922 64
3,792,631 66
3,922,580 03
$5,567,759 31
$5,376,278 72
$5,475,315 89
5,822,144 67
C ertified c h e c k s ....................... .....................
C a sh ier’s ch eck s o u t s ta n d in g .......................................
S a v in g s d e p o sits.........................................................
N o tes an d b ills r e -d isc o u n te d ................................
B ills p a y a b le .................................................................
T o ta ls ...................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
52
REPORT OF THE COMMISSIONER OF
No. 7.
S T A T E S A V I N G S B A N K , D E T R O IT .
O rganized O ctober 24, 1883.
Geo. H. R ussel, P resident; M. S. Smith, Vice P resident; R. S. Mason, Cashier.
D irectors—W in. C. C olburn, W m . C. M cM illan , Geo. H. R u sse l, R ob ert S. M ason, M artin S. S m ith ,
H u g h M cM illan , H en ry R u ssel, J . K . B u rn h am , F r a n k J. H eck er, C has. S tin ch field , H enry
B. L edyard, R u sse ll A . A lg e r, C laren ce L. F reer, H a r v e y C. Parke.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Deo. 11.
L o a n s a nd d is c o u n ts ________ ____________________
$784,434 91
8949,690 79
$960,492 63
$951,486 67
S to ck s, bon ds and m o r tg a g e s ............_...........- .............
589,780 86
577,860 51
600,702 02
622,692 42
352 05
314 47
72 60
515 50
D ue fro m b a n k s in reserv e c itie s ................................
246,645 25
228,922 13
246,619 58
169,490 94
D u e fro m oth er ban k s a n d b a n k e r s ...........................
5,797 01
3,870 57
1,615 02
35 8 6
F u rn itu r e a nd f ix t u r e s .....................................................
2,500 00
2,500 00
2,500 00
2,500 00
O ther r ea l e s t a te ........ .........................................................
1,244 04
1,233 99
1,245 42
1,179 45
C urren t e x p en ses and ta x e s p a i d ________________
2,708 62
819 48
5,373 00
I n te r e s t p a id ___________ _____ _______ ____ ________
2,036 74
410 15
21,868 05
R eso u rces.
O v erd ra fts................................................................... .......
B a n k in g h o u se .....................................................................
E x ch a n g e s fo r c le a rin g h o u se .....................- .................
20,503 84
4,695 48
11,667 04
12,195 50
C h eck s a nd c a sh ite m s .................................................... .
650 04
239 89
1,842 15
2,070 27
N ic k e ls a n d p e n n ie s ...... ................._.................................
124 15
129 13
179 82
190 98
G old c o in ............................................................._..................
755 00
3,332 50
3,847 50
1,542 50
S ilv e r c o in ...........................................................................
2,309 89
2,195 00
1,612 40
4,516 50
U . S. a n d N a tio n a l b a n k n o te s ................. ...... .............
7,993 00
15,272 00
13,389 00
9,178 00
T o ta ls ......................................................................... ....... $1,667,835 40
81,791,486 09
$1,845,785 18 $1,804,835 64
L ia b ilitie s.
C a p ita l sto c k p a id i n ........................................................
8200,000 00
$ 2 0 0 ,0 0 0 00
$ 2 0 0 ,0 0 0 0 0
8200,000 0 0
56,265 94
49,681 81
55,361 33
71,749 83
44 00
4,000 00
S u rp lu s f u n d .........................................................................
U n d iv id e d p ro fits......................- ................
D iv id e n d s un paid ____
In d iv id u a l deposits, su b je c t to c h e c k ........................
155,249 61
165,549 34
185,234 82
147,905 91
C ertifica tes of d e p o sit........................................................
318,106 87
372,898 06
362.307 25
350,058 25
D u e to b a n k s and b a n k ers. . ........................................
10,644 19
13,502 85
3,758 21
15,562 19
927,568 79
989,810 03
1,035,123 52
1,019,559 46
T o ta ls ................................................................................. $1,667,835 40
$1,791,486 09
C ertified c h e c k s __________________ ____ _____ ____
C a sh ier’s c h e ck s o u tsta n d in g ........................................
S a v in g s d ep o sits...................................................................
N o te s a nd b ills r e -d is c o u n te d ............
B ills p a y a b le ......................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
$1,845,785 18 $1,804,835 64
53
THE BANKING DEPARTMENT.
No. 6.
W A Y N E C O U N T Y S A V I N G S B A N K , D E T R O IT .
O rganized Septem ber 18, 1871.
W m. B. W esson, P resident; J. S. F aerand , Vice President; S. Dow El wood, Treasurer;
W m. Stagg, A ss't Treasurer.
D irectors—D. M. F erry, H. K. W h ite, Jerom e C roul, L. P. K n iglit, J. S. F arran d , F r a n c is A d am s,
S. D. E lw ood, W m . A . M oore, W m. B. W esson.
Report of
May 13.
R eso u rces.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d isc o u n ts........................................................... $1,199,401 02
$1,122,161 43
2,628,976 47
2,704,620 67
2,865,189 28
2,870,356 95
901,259 42
982,484 95
953,047 38
931,546 46
203 29
1,000 00
152 50
110,000 00
110,000 00
110,000 00
S to ck s, bon ds a n d m o r tg a g e s .......................................
$1,121,118 48 81,111,674 36
O v e r d r a fts _____________________ _________________
D u e fro m b a n k s in reserv e c itie s .................................
D ue fro m oth er b a n k s an d b a n k e r s _____________
B a n k in g h o u se ____________________
_____________
110,000 00
F u rn itu re a nd fix tu r e s ......................................... ...........
6,625 12
6,625 12
6,625 12
6,625 12
O ther r ea l e sta te ................................................................
18,885 15
20,583 08
22,138 29
27,266 70
C urrent ex p en ses an d ta x e s p a id ___________ _____
5,664 83
2,612 91
10,919 36
22,472 96
5,651 69
14,744 05
14,761 90
4,410 54
256 20
267 24
410 59
412 36
26,000 00
25,598 50
26,052 50
35,870 50
In te r est p a id ..........................................................................
E x ch a n g es for clea rin g h o u se .......................................
C h eck s a nd c a sh it e m s __________________________
N ic k e ls and p e n n ie s ____________________________
G old c o i n _______________ ______________ ____ ____
S ilv er c o in ....................................................... .......................
2,850 00
2,018 05
2,995 75
3,255 33
U n ited S ta te s and N a tio n a l ban k n o te s ...................
22,699 00
34,002 00
22,750 00
25,990 00
T o t a ls ...............................................................................
$4,928,268 90
$5,025,921 29
$150,000 00
$150,000 00
$150,000 00
$150,000 00
150,000 00
150,000 00
150,000 00
180,578 06
210,350 20
255,506 46
3,846,774 43
4,545,343 23
4,646,658 45
4,594,527 32
$4,928,268 90
$5,025,921 29
$5,157,008 65 $5,150,033 78
L ia b ilitie s.
C ap ital sto c k paid i n ____________________________
S u rp lu s fu n d ...........................................................................
U n d iv id ed p ro fits.................................................................
371,639 66
D iv id en d s u n p a id _______________________________
In d iv id u a l dep osits su b ject to c h e c k ..........................
559,854 81
C ertifica tes of d e p o s it........................................................
D u e to ban k s a nd b a n k e r s..............................................
C ertified c h e c k s ....................................................................
C a sh ier’s ch eck s o u tsta n d in g .....................................
S a v in g s d e p o sits...................................................................
N o te s and b ills r e-d isco u n te d ........................................
B ills p a y a b le ........................................................................
T o t a ls ...............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,157,008 65 85,150,033 78
54
REPORT OF THE COMMISSIONER OF
No. 28.
C IT Y B A N K , DO W AG TAC.
O rganized M arch 19, 1887.
J ohn Lyle, President; N . F. Choate, Vice President; F. W . Lyle , Cashier; I. B. Gage, Ass't Cashier,
Directors—N elso n F. C hoate, F ra n k W . L y le, W . M. L yle, C. E. L yle, Jno. L yle.
1 Report of
Sept. 30.
Report of
Dec. 11.
Report of
May 13.
Report of
July 12.
L oans an d d isc o u n ts..........................................................
$139,879 21
$118,178 29
«116,413 40
S103,935 29
S tock s, bonds and m o rtg a g es.........................................
31,990 54
43,360 54
32,985 54
32,125 54
O v erd ra fts............................................. -...............................
4,620 67
7,952 09
12,445 59
12,046 73
D u e from b a n k s in reserv e c itie s .................................
2,735 72
3,648 64
7,359 35
6,846 36
R esources.
1
Drift from ot.hftr banka and b a n k e rs_____________
R anking h ou se
__________
____________________
F u rn itu re a nd fix tu r es......................................................
5,735 23
6,281 57
6,281 £7
6,281 57
O th er real e s t a te ...........
.................................................
2,074 54
2,074 54
2,074 54
2,074 54
C urren t e x p e n ses a nd ta x e s p a id ................................
1,654 18
3 10
1,120 30
2,025 06
I n te r e st p a id ................................ ........................................
2,130 55
2,624 96
2,624 96
2,624 96
E x ch a n g e s fo r c le a rin g h o u se ................... ....................
1,200 00
717 81
300 00
782 19
C hecks an d ca sh ite m s......................................................
654 96
964 01
86 24
138 05
N ic k e ls an d p en n ies....................................... ...................
90 66
135 40
178 30
90 31
Gold c o in ................................................................................
7,000 00
7,500 00
7,085 00
7,235 00
S ilv er c o in ............................................. ................................
841 00
1,631 00
2,588 00
451 00
U . S. a nd N a tio n a l han k n o tes......................................
7,697 00
6,567 00
4,410 00
10,528 00
T o ta ls ................................................................................
$201,304 25
$201,638 95
«195,952 79
$187,184 60
C apital sto ck p aid i n ........................................................
$60,000 00
$60,000 00
$60,000 00
$60,000 00
Su rp lus f u n d .........................................................................
2,000 00
2,500 00
2,500 CO
2,500 00
U n d iv id e d p rofits...............................................................
3,210 58
673 31
2,016 38
5,971 06
I n d iv id u a l dep osits, su b je c t to c h e c k ...... .................
38,256 27
47,463 50
51,830 15
49,532 05
C ertifica tes o f d e p o sit......................................................
80,895 47
81,002 14
69,606 26
69,181 49
D ue to ban k s a n d b a n k e r s ..............................................
1,911 93
15,000 00
10,000 00
10,000 00
$201,304 25
$201,638 95
$195,952 79
L ia b ilitie s.
D iv id e n d s u n p a id ................................................................
C ertified c h e c k s ........................................ __........................
C ash ier’s ch e ck s o u tsta n d in g .........................................
S a v in g s d ep o sits.......................... _.......................................
N otes a nd b ills r e-d isco u n te d ....................................
B ills p a y a b le..........................................................................
T o ta ls ..............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$187,184 60
55
THE BANKING DEPARTMENT,
No. 38.
P E O P L E ’S S A Y I N G S B A N K O F E A S T S A G I N A W ,
E A ST SA G IN A W .
O rganized N ovem b er 27,1886.
J no. A. E dget, P resident; J ohn J. R u pp , Vice P resident; J. F. B oynton, Treasurer.
DiPvECTORS—E. N . W ie k e s, G. C orning, G. B. W ig g in s, B. F. W eb ster, Jno. J. Rupp, J. S c h w a r tz , J .
W . H a w ry , W m . B. B aum , Jno. A . E d g et, J. F. B o y n to n , W . C. M cC lure, H . A . B atch elor, P . H .
K etch a m .
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept, 30'.
Report of
Dec. 11.
__________ - ____ - ___
$189,339 01
$119,499 70
8167,029 50
$179,108 18
S to c k s , b o n d s an d m o r t g a g e s ________________ - - - - -
300 00
74,803 50
81,036 18
83,112 33
O v e r d r a f t s ............................................................ ........... .........
2 57
22 92
130 21
983 63
31,607 28
42,212 13
52,515 93
48,619 51
L o a n s a n d d is c m in t s _______
O n e fr o m b a n k s in r e s e r v e e i t i e s _______________ _
D u e fr o m o fb e r b a n k s a n d b a n k e r s _______ _______
R a n k in g b o u s e
227 20
200 00
_____________________ - ___________
F’n r n itn r e a n d f ix tu r e s __________________ ______ ____
1,789 68
4,789 68
O th e r r e a l e s t a t e
1,377 21
255 06
________ _____________ _____
C u r r e n t e x p e n s e s an d t a x e s p a i d _________________
I n t e r e s t p a id
4,789 68
4,789 68
1,042 72
1,850 50
129 59
__________________________________
E x c h a n g e s fo r el e a r in g b o u s e ____________________
C h e e k s a n d e a s b it e m s
__________________ ____ ___
N ic k e l s an d p e n n i e s _________________________ _____
C o ld c o in
_______ ____ __ ________ ______________
93 37
241 25
2 2 0 10
61
25 71
20 63
3 99
196 87
510 00
492 50
215 00
21
338 52
.......................................................... - ...............
505 50
483 00
370 50
250 50
U . S . a n d N a t io n a l b a n k n o t e s ____________________
2,151 00
1,763 00
627 00
1,435 OO
T o t a l s .................. ........... ........................... ................- .........
$233,911 36
$271,638 98
550,000 00
$50,000 00
$50,000 00
$50,000 OO
8,116 32
6,794 65
9,770 39
13,774 01
S ilv e r c o in
$308,104 81
$320,906 81
L ia b ilit ie s .
C a p ita l s to c k p a id in
S u r p lu s fu n d
__ ____________ _____________
_ _ -________________________________
U n d iv id e d p r o f i t s _______________________ ____ - .........
D iv id e n d s u n p a id
--
_________
I n d iv id u a l d e p o s its , s u b je c t to c h e c k ___________ _
22,329 36
35,718 60
50,901 40
54,493 87
C p .rtifieu tcs o f d e p o s i t _____________________________
16,201 15
18,691 15
19,591 40
20,541 50
D u s t,n b a n k s a n d b a n k e r s .... ................. ............... ...........
120 2 1
C e r tifie d c h e c k s _____
708 98
___________ - ____ - _____
C a s h ie r ’s c h e c k s o u t s t a n d in g
________
S a v in g s d e p o s i t ____________________ ____ - _________
137,117 29
163,134 58
177,432 67
182,097 46
$233,911 36
8274,638 98
$308,104 81
$320,906 84
N o t e s an d b ills r e - d i s c o u n t e d ________________- ___
B il ls p a y a b le
T o ta ls
„
_
__ __________________
........... - ................. ................. ...........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
56
REPORT OF THE COMMISSIONER OF
No. 44.
SA V IN G -S B A N K O F E A S T S A G I N A W , E A S T S A G IN A W .
O rganized F eb ru a ry 7, 1872.
H . C. P otter, P resident; E dwin E ddy , Vice P resident; A . S chupp , Treasurer.
Directors- P h i l i p B a u m g a rten , A u g u stu s Schupp, .las. B. P e te r , E m il M oores, H . C. P otter, Jr..
W m . J. B artow , Geo. C. W arner, E d w in E ddy, H en ry C. P o tter.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 1 1 .
5771,307 99
$781,715 56
$803,548 33
$822,466 20
113,381 39
127,737 28
154,313 63
186,162 59
27,021 05
27,089 81
32,340 13
37,241 27
O th er r ea l e s t a t e ..................................................
2 ,1 0 0 00
2,104 00
2,104 00
2,104 00
C urren t ex p en ses an d ta x e s p a id ..................................
2,512 11
3,488 94
7,204 43
8,778 62
135 30
458 06
88 00
757 00
1,132 30
85
35 76
16 1 2
151 00
1,815 00
500 00
R esou rces.
L oans a n d d isc o u n ts........................................................
S tock s, bonds an d m o rtg a g es......................................
O v erd ra fts............................................. ..........................
D u e fro m ban k s in reserv e c itie s .................................
D u e from o th er ban k s a nd b a n k e rs...........................
B a n k in g h o u se..................................................................
F u rn itu r e a nd fix tu r es......................................................
In te r est p a id ...................................................................
E x ch a n g es fo r c le a rin g h o u se ........... ...........................
C hecks an d c a sh i t e m s ...................................................
N ic k e ls an d p e n n ies......... ................................................
■Gold co in ............................................................
S ilv e r c o in ....................................................................
U . S. an d N a tio n a l bank n o tes............... _............
T o ta ls .......................................................................... .
268 75
8
44
40 00
6
430 15
1,273 05
1,287 40
108 50
2,792 00
1,928 00
3,307 00
3,102 00
$919,861 88
$945,582 49
$1,006,847 98 $1,062,069 6 6
L ia b ilitie s.
C a p ita l sto ck paid in ..........................................................
$50,000 00
$50,000 00
$50,000 00
S u rp lu s f u n d ...................................................
35,000 00
35,000 00
35,000 00
2,180 23
U n d iv id e d p rofits........................................................
38,300 19
33,195 38
34,605 17
36,862 70
. 1,005 00
2,630 00
21,818 48
21,960 45
795,556 69
824,757 11
857,924 33
901,066 28
6100,000 00
D iv id e n d s u n p a id ...............................................................
In d iv id u a l deposits, su b ject to c h e c k .........................
C ertificates o f d e p o sit....................................................
D ue to banks a n d b a n k e rs...............................................
C ertified c h e c k s ...................................................................
C a sh ie r ’s ch eck s o u tsta n d in g .........................................
S a v in g s d e p o sits................................................................
N o te s and b ills r e-d isco u n te d .......................................
B ills p a y a b le ..........................................................................
T o ta ls.................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7,500 00
5919,861 88
$945,582 49
51,006,847 98 $1,062,069 66
57
THE BANKING DEPARTMENT.
No. 53.
M IC H IG A N STA TE B A N K , E A T O N R A P ID S .
O rganized J u ly 22, 1884.
H o r a c e H . C o b b , President; H ir a m P. W e b s t e r , Vice P resident; C h a s . S. C o b b , Cashier;
H . H . H a m il t o n , A ss't Cashier.
D irectors—Josep h Carr, G. W . W eb ster, H . P. W eb ster, E. S. H arris, H , H. Cobb, H . H . H a m ilto n ,
C has. S. Cobb, A . R ogers, C. W . S teven s.
R esources.
May 13.
July 12.
Report of
Sept. 30.
Report of
Report of
Report of
Dec. 11.
L oans an d d isc o u n ts..............................
106,904 86
897,947 36
$97,868 26
893,832 87
S to ck s, bon ds an d m o rtg a g es..............
31,812 01
32,432 41
36,517 32
33,530 92
O v erd ra fts...................................................
901 83
1,227 75
1,222 14
832 74
D u e fro m b a n k s in reserv e c itie s-----
1,058 51
6,398 99
2,589 46
14,316 50
D u e fro m o th er b a n k s an d ban k ers.
2,092 11
981 10
436 20
R a n k in g h o u se .........................................
5,500 00
5,500 00
5,500 00
5,500 00
F u rn itu r e and fix tu res .......................
2,000 00
2,000 00
2,000 00
2,000 00
C u rren t ex p en ses and ta x e s p a id ___
1,011 40
30 56
670 87
1,242 18
I n te r e s t p aid ...............................................
576 04
8 71
432 69
866 98
C h e c k s an d ca sh ite m s ..........................
1,195 31
230 98
321 53
1,328 76
N ic k e ls a n d p e n n ie s ..............................
82 54
83 30
115 24
71 80
G old c o in .....................................................
1,117 80
1,280 00
1,037 50
1,692 50
S ilv e r c o in ......................... .........................
1,770 55
1,162 50
363 40
503 05
U . S. a n d N a tio n a l bank n o tes...........
2,075 00
7,749 00
2,830 00
2,209 00
$158,097 96
$157,032 66
$151,904 61
$157,927 30
C a p ita l sto ck paid in ..................................
875,000 00
$75,000 00
$75,000 00
$75,000 00
S u rp lu s fu n d .................................................
2,500 00
2,825 00
2,825 00
2,825 00
U n d iv id e d profits........................................
5,504 03
1,424 34
3,126 91
6,122 53
172 00
12 00
12 00
O th er r ea l e s t a te ......................................
E x c h a n g e s fo r c le a rin g h o u se ............
T o ta ls .
L ia b ilities.
D iv id e n d s u n p a id ............................ ..........
In d iv id u a l d ep osits, su b ject to c h e ck .
16,029 14
14,411 62
10,266 48
19,462 49
C e rtifica tes o f d ep o sit................................
48,992 00
50,552 97
47,306 34
54,180 28
D u e to ban ks a n d b a n k e rs.......................
2,423 40
420 16
514 94
325 00
7,619 39
7,480 09
7,852 94
4,746 48
5,000 00
$157,032 66
$151,904 61
C ertified c h e c k s ...........................................
C a sh ie r ’s ch eck s o u tsta n d in g ................
S a v in g s d ep o sits...........................................
N o te s a nd b ills r e-d isco u n te d ...............
B ills p a y a b le .................................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$158,097 96
$157,927 30
58
REPORT OF THE COMMISSIONER OF
No. 10.
STA TE B A N K OF FEN TO N , FE N T O N .
O rganized J a n u a ry 2,1871.
J. Buckbee, P residen t ; A. Cornwall , Vice President; W . W. Millard , Cashier.
Directors—J o sia h B uckbee, L. C. B uckbee, W . W . M illard, S. S. C lark, C laren ce T inker,
A. C ornw all.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n ts .......................__...............................
$37,704 59
842,564 39
$49,562 46
$54,696 58
S to ck s, bonds a nd m o r tg a g e s.........................................
25,390 00
25,390 00
23,690 00
21,190 00
O v erd ra fts............................................................................
D u e fro m ban k s in r eserv e c it ie s .................................
8 19
1,634 18
266 53
24,187 36
39,180 13
14,214 47
22,690 20
142 57
427 10
1,614 51
B a n k in g b o u s e ....... ................. ....................................
4.500 00
4,500 00
4,500 00
4,500 00
F u rn itu re an d fix tu r es......................................................
1.500 00
2,250 00
2,250 00
2,250 00
608 28
29 70
624 88
905 03
40 10
58 87
546 27
D u e fro m o th er b a n k s a nd b a n k e r s........................
O ther r ea l e s t a te .................................................................
C urren t e x p en ses and ta x e s p a id .............................. .
In te r est p a id .....................................................................
27 78
E x ch a n g e s fo r c le a rin g h o u se .......................................
C hecks an d ca sh ite m s ......................................................
203 55
645 57
197 94
N ic k e ls and p e n n ies...........................................................
86 92
81 63
93 45
66 10
6,025 00
5,435 00
7,390 00
7,717 50
G old c o in ............. ............................................................
S ilv er c o in .......................................................................
1,233 75
786 25
883 40
774 75
U . S. an d N a tio n a l b an k n o tes......................................
10,095 00
12,357 00
10,687 00
16,720 00
T o ta ls ............................................................................ .
8101,597 53
$116,872 31
$126,167 87
$150,487 27
$50,000 00
$50,000 00
$50,000 00
$50,000 00
500 00
500 00
500 00
3,059 22
1,160 85
2,426 63
4,595 81
In d iv id u a l deposits, su b ject to c h e c k ........................
19,639 80
29.897 41
36,617 71
52,047 83
C ertifica tes o f d e p o s it......................................................
22,698 51
35,314 05
36,623 53
43,342 63
5116,872 31
$126,167 87
$150,486 27
L ia b ilitie s.
C ap ital sto c k p aid in .........................................
Su rp lus f u n d ........................................................
U n d iv id e d profits.............. ...............................................
D iv id en d s u n p a id ............................... .................................
D ue to ban ks a nd b a n k e rs...............................................
C ertified c h e c k s ..................................................................
C ash ier’s ch e ck s o u tsta n d in g ........................................
S a v in g s d ep o sits...................................................................
N o tes a nd b ills re-d isco u n te d ........................................
B ills p a y a b le .........................................................................
T o ta ls ..........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6,200 00
$101,597 53
5&
THE BANKING DEPARTMENT,
No. 23.
G E N E S E E CO UN TY S A V IN G S B A N K , F L IN T .
O rganized M ay 1, 1872.
R ussell Bishop , P resident ; W. A. Atwood, Vice P residen t ; I ra H. W ilder , Cashier ;
A. G. Bishop , A ss't Cashier.
D irectors—W m . W . Crapo, R u sse ll B ishop, W . A . A tw ood , Geo. R. Gold, C. C. P ierson , H . C.
Spencer, M. D avison, J a s. C. W ilson , Ira H. W ild er.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts .................................. . ......................
$222,997 04
$243,284 64
$255,946 32
$252,248 25
S to ck s, bonds a nd m o r tg a g e s.........................................
216,630 93
209,529 01
217,084 52
233,201 82
O v erd ra fts.................................... ........................................
4,439 01
4,078 44
5,870 14
5,797 81
D u e fro m b a n k s in reserv e c itie s .................................
52,949 59
45,315 14
44,871 58
17,576 66
2,425 88
64 35
E x ch a n g e s for c le a rin g h o u s e .......................................
2,502 22
C heck a nd ca sh ite m s ......................................................
457 59
1,470 56
D ue fro m oth er ban k s an d b an kers
B a n k in g b o u se ...... .................... .........................................
F u rn itu r e and fix tu r e s .................
O ther r ea l e s t a t e .. ....................................
2,0C0 00
2,000 00
1,542 67
2,940 53
116 19
833 75
1,715 24
2,271 70
3,447 10
310 02
1,017 88
3,376 91
............
C urren t ex p en ses and ta x e s p a id ................................
In te r e st p a id ............. ..............................................
N ic k e ls a nd p e n n ie s ......................................................
Gold c o in ....................................................................... .........
87 69
65 19
97 90
251 02
5,235 00
3,135 00
3,345 00
5,505 00
S ilv er c o in ..............................................................................
1,400 00
1,900 00
2,300 00
1,000 DO
U . S. a n d N a tio n a l ban k n o te s .....................................
10,075 00
15,252 00
17,368 00
18,371 00
T o ta ls ................................................................................
$519,199 95
$526,482 22
$555,724 86
$544,294 26
C a p ita l sto ck paid in ..........................................................
$100,000 00
$100,000 00
8100,000 00
8100,000 CO
S u rp lu s fu n d .........................................................................
20,000 00
25,000 00
25,000 00
25,000 00
U n d iv id e d p rofits................................................................
18,583 90
6,575 91
12,039 83
19,592 56
25 00
1,315 00
102,975 96
106,754 27
106,716 17
95,519 78
13,879 82
16,557 53
18,412 44
12,863 66
263,735 27
270,279 51
293,556 43
291,318 26
$519,199 95
$526,482 22
$555,724 86
$544,294 26
L ia b ilitie s.
D iv id e n d s u n p a id ...............................................
I n d iv id u a l d ep o sits, su b je c t to c h e c k ........................
C ertifica tes o f d e p o s it...................................................
D u e to ban k s and b a n k e rs........................
C ertified c h e c k s ..........................................
C a sh ier’s c h eck s o u tsta n d in g .................
S a v in g s d ep o sits..................................................................
N o tes a nd b ills re-d isco u n te d ................................
B ills p a y a b le .............................. ..........................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60
REPORT OF THE COMMISSIONER OF
No. 61.
G R A N D R A P ID S SA V IN G S B A N K , G R A N D R A PID S.
O rganized M ay 1, 1872.
J ames D . R obinson , P residen t; Moreau S. Crosby, Vice P resident; F . A. Hall , Cashier;
D . B. S hedd , Ass't Cashier.
D irectors—W m . D. T olford, C has. W . G arfield. E d w in S. P ier c e, Geo. M. E d ison , C. G. S w en sb erg,
J u stin M. S ta n le y , A aron B rew er, M oreau S. Crosby, J a m e s Û. R obin son.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n ts ................. ......................................
$582,731 95
8560,587 91
$489,819 29
$484,664 97
S to ck s, b o n d s a nd m o rtg a g es.........................................
182,770 46
202,017 54
215,983 54
240,483 54
70 65
102 02
365 96
103 09
89,092 96
85,693 41
86,526 24
69,269 71
2,772 79
R esources.
O v erd ra fts............- .............................................................
D u e from b a n k s in reserv e c itie s ................................
D u e from oth er b an k s and b a n k e r s............................
700 00
B a n k in g h o u s e ................... ..........................................
F u rn itu re and fix tu res.............................................
2,702 79
2,702 79
2,772 79
O ther real e s t a te .............................. .....................
6,904 55
6,904 55
6,904 55
6,904 55
C urren t ex p en ses and ta x e s p a id ............... .............
2,735 71
257 01
2,120 89
3;397 98
In te r e st p a id ....................................................
E x ch a n g e s fo r c le a r in g h o u s e .....................................
C hecks and c a sh ite m s ............. ..........
N ic k e ls a nd p en n ies....................................
G o ld co in ...........................................................
S ilv er c o in .................................................
U. S, and N a tio n a l ban k n o tes........................
T o ta ls...........................................................
785 43
1,109 84
2,455 94
944 93
13,923 88
12,508 19
27,477 36
29,011 02
35 25
41 30
48 65
43 14
3,665 00
3,108 00
3,465 00
3,402 50
1,430 00
1,363 20
1,773 40
1,108 85
13,053 00
18,183 00
13,060 00
17,192 00
$899,901 63
$895,278 76
$852,773 61
$859,299 07
$150,000 00
$150,000 00
$¡50,000 00
$150,000 00
i son no
1 800 00
15,041 74
5,155 46
11,441 09
86 00
1 725 00
fis nn
L ia b ilitie s.
C a p ita l stock paid in ..........................................
S u rp lu s f u n d ........ .....................................
U n d iv id ed profits.......................................
D iv id en d s u n p a id .............. ...............
19,769 52
In d iv id u a l dep osits, su b ject to c h e c k ................
173,912 17
179,325 82
89,369 68
93,963 65
C ertifica tes o f d e p o sit............................
249,176 58
244,956 09
286,501 19
276,048 67
311,685 14
312,816 39
314,093 65
318,217 23
$899,901 63
$895,278 76
8852,773 61
$859,299 07
D ue to ban k s a nd b a n k e rs.....................
C ertified c h e c k s ..................................
C a sh ier’s ch eck s o u tsta n d in g .................
S a v in g s d e p o sits....................................
N o tes an d b ills r e-d isco u n te d ............
B ills p a y a b le......................
T o ta ls .................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
THE BANKING DEPARTMENT,
No. 65.
K E N T COUNTY SA V IN G S B A N K , G R A N D R A P ID S .
O rganized D ecem b er 24, 1884.
J no. A . Covode, P resident; Thos. J. O’Brien , Vice P residen t; J. A . S. V erdier , Cashier.
Directors—H en ry Id em a , A . J. B ow ne, D. A . B lo d g e tt, J a m e s B lair, E. C rofton F o x , Jno. A .
C ovode, T. J. O’B rien , Jno. W . B lo d g ett.
R eso u rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d is c o u n ts............................
$218,729 14
1197,592 38
8199,108 60
$352,363 34
S to ck s, bon ds a n d m o r tg a g e s ...........
175,480 00
175,410 00
220,021 97
191,389 98
O v e r d r a fts.................................................
141 69
121 04
398 81
115 65
D u e fro m ban k s in reserv e c itie s ....
32,081 36
62,460 98
94,477 11
49,556 17
D u e fro m oth er b a n k s a nd ban kers
664 17
885 88
823 47
1,381 15
1,411 15
1,411 15
1,446 65
B a n k in g h o u s e .........................................
F u rn itu r e a n d fix tu r e s ..........................
O th er r ea l e s t a te .....................................
C urren t ex p en ses an d ta x e s paid.
2,686 94
263 75
1,671 74
3,138 58
In te r e s t p a id ........................................
5,215 86
3,483 05
4,877 67
5,587 39
E x ch a n g e s fo r c le a rin g h o u se ___
3,653 55
2,717 58
2,001 57
1,464 58
N ic k e ls an d p e n n ies..........................
431 00
621 00
433 00
492 40
1,335 00
161 61
C h eck s a n d ca sh ite m s ....................
G old c o i n ...............................................
1,020 00
480 00
1,285 00
S ilv e r c o in ..............................................
650 75
1,917 95
400 50
860 00
U . S. a n d N a tio n a l ban k n o tes___
2,725 00
3,039 00
4,950 00
8,050 00
8444,860 61
$450,403 76
$531,860 59
$515,961 35
C a p ita l sto c k p a id in ..................................
$50,000 00
850,000 00
$50,000 00
$50,000 00
S u rp lu s f u n d .................................................
917 78
2,030 59
2,030 59
2,030 59
U n d iv id e d p ro fits........................................
9,717 83
1,094 27
7,261 25
13,318 50
In d iv id u a l dep osits, su b je c t to c h e ck .
60,500 52
60,414 49
107,212 63
68,555 78
C e rtific a te s o f d e p o s it...............................
95,321 25
93,233 73
94,342 51
100,995 93
228,403 23
243,496 68
271,013 61
281,060 55
$444,860 61
$450,403 76
$531,860 59
$515,961 35
T o ta ls.
L ia b ilitie s.
134 00
D iv id e n d s u n p a id ........................................
D a e to b a n k s an d b a n k e rs.......................
C ertified c h e c k s ...........................................
C a sh ier’s c h e c k s o u t s ta n d in g ............
S a v in g s d e p o s it s ..........................................
N o te s a n d b ills r e -d isc o u n te d ...............
B ills p a y a b le .................................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
62
REPORT OF THE COMMISSIONER OF
No. 27.
F A R M E R S ’ B A N K OF GRASS L A K E , GRASS LA K E.
O rganized A p r il 24,1883.
J no. W . K night , P residen t; O. F . H obart, Vice P residen t; Chas . M. Spinning , Cashier.
D irectors—A . H itch co c k , M. L. R aym ond , J. W . K n ig h t, O. F. H obart, J. E . C ad w ell, Geo. E.
O sborne, E. R obin son, W . S. C rafts, C has. M. Sp in n in g.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d is c o u n t s ..............................
$19,106 31
$58,775 46
853,070 74
$55,725 81
S to ck s, bon ds a nd m o r tg a g e s.............
26,901 86
<32,815 86
22,340 86
22,380 86
O v e r d r a fts...................................................
2,148 94
1,416 38
1,480 77
1,605 72
D ue fro m b a n k s in reserv e c itie s ___
3,418 56
4,944 20
9,635 85
8,987 73
R esources.
D u e fro m o th er b a n k s a nd b a n k ers.
166 77
20 61
99 46
1,162 00
B a n k in g h o u s e ..........................................
3,600 00
3,600 00
3,600 00
3,600 00
3,200 00
1,200 00
38 05
264 44
652 28
28 90
126 56
224 15
1,226 70
1,097 11
1,627 81
134 51
101 63
94 04
472 50
567 50
563 50
F u rn itu r e a nd fix tu r e s..........................
O th er r ea l e s t a te ......................................
C urren t e x p en ses a n d ta x e s p a id ___
626 14
In te r e s t p a id ...............................................
E x c h a n g e s for c le a rin g h o u se ............
C h eck s an d c a sh ite m s . .......................
1,245 29
N ic k e ls an d p e n n ies................................
G old c o in .....................................................
670 00
S ilv e r c o in ...................................................
1,095 11
410 95
221 70
170 75
U . S. and N a tio n a l han k n o tes...........
3,036 00
4,911 50
3,140 00
3,810 00
2,017 98
$101,995 62
8,916 62
$100,603 65
C apital sto ck paid i n ..................................
814,000 00
$44,000 00
$44,000 00
844,000 00
S u rp lu s fu n d .................................................
6,010 39
5,966 75
5,966 75
5,566 75
U n d iv id e d profits.........................................
405 76
65 29
494 92
1,734 90
T o ta ls.
L ia b ilitie s.
D iv id en d s u n p a id .........................................
In d iv id u a l d ep o sits, su b je c t to c h e ck .
13,023 05
13,823 64
13,965 08
15,081 86
C ertifica tes o f d e p o s it..............................
27,078 78
34,639 94
34,519 87
34,220 14
1,500 00
3,500 00
$92,017 98
$101,995 62
3,946 62
8100,603 65
D u e to b a n k s a nd b a n k e r s .....................
C ertified c h e c k s ............................................
C a sh ier’s c h eck s o u t s ta n d in g ...............
S a v in g s d e p o s its ..........................................
N o te s and b ills r e -d isc o u n te d ...............
B ills p a y a b le .................................................
T o ta ls .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
63
THE BANKING DEPARTMENT.
No. 50.
O C E A N A COUNTY SA V IN G S B A N K , H A R T.
O rganized O ctober 31, 1887.
C. T. H ills , P residen t; A . L. Carr , Vice President; E. D . R ichmond, Cashier;
W. N. Sayles , Assistant Cashier.
Directors—L. N . K ea tin g , A . L. Carr, D. J. M ath ew s, A . A . D u n ton , Jr„ E . D. R ich m on d ,
C. T. H ills, C. H. H a ck ley .
L oans and d is c o u n t s ____________________ _______
S to ck s Bonds and m o rtg a g es.
O v erd ra fts
___
____
Report of
Sept. 30.
Report of
Dec. 11.
$50,166 05
$46,911 63
851,807 53
45,855 97
41,905 63
2,712 87
Report of
J uly 12.
Report of
May 13.
R esou rces.
$49,445 49
___________
46,932 22
47,032 22
_ __________
36 10
30 21
99 95
8,655 37
4,691 75
523 37
543 26
216 08
____________________ . . . . . . ___
4,178 67
4,178 67
4,178 67
4,178 67
F u rn itu r e and fix t u r e s ________________ - ___ - ___
2,554 73
2,554 73
2,554 73
2,554 73
382 18
382 18
4,079 27
471 83
1,503 56
11 25
1,646 16
3,593 35
L uc from h a n k s in reserv e c i t i e s _____________ ...
D u e from oth er h a n k s and han k ers
B a n k in g h ou se
O th er real e sta te
___________________ . . . . . .
C urren t e x p en ses and ta x e s p a id ____ . . . . . . . . . . . .
I n te r e st paid
-
_______________-
3,033 81
682 18
36 05
3,899 73
95 54
308 43
2,027 96
1,330 05
24 03
28 36
40 39
30 38
220 00
10 00
_ ______ ____ ______ ___ __________
272 25
581 75
342 49
440 65
JT S and N a tio n a l han k n o t e s ___________ ______
2,906 00
1,721 00
1,834 00
4,222 00
$114,840 17
8116,120 80
8112,512 75
$117,242 41
_______________ _____ _____
870,000 00
$70,000 00
$70,000 00
870,000 00
___________ ________________ ______
4,644 76
4,644 76
4,644 76
4,644 76
4,054 60
830 48
4,167 23
6,592 90
In d iv id u a l d e p o s its s u b j e c t to c h e c k _____________
16,049 26
12,342 72
13,114 72
15,242 05
C ertifica tes o f d e p o s i t _______ . . . . . . _____________
13,706 10
18,206 80
11,695 85
12,764 75
C h eck s and ca sh ite m s
N ic k e ls and p en n ies
C o ld coin
_________________
___________ . . . . . . . . . . . . .
___________________ ___
S ilv er coin
T o ta ls
___
_
___________ ___ . . . _____ ____ ______
60 00
L ia b ilities.
C apital stock pa,id in
Su rp lus fu n d
XTnd i vi d ed profi t s
__________ ______- _____ _____
S a v in g s d ep o sits
T o ta ls
_
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
181 61
27 04
D u e to han k s and han k ers
_____ _____________ . . . . . . .
6,385 45
______________. . . . . . _____- _______
$114,840 17
|
10,069 00
8,890 19
7,816 34
$116,120 80
$112,512 75
$117,242 41
64
REPORT OF THE COMMISSIONER OF
No. 11.
H A S T IN G S C IT Y B A N K , H A S T IN G S .
O rganized O ctober 26, 1886.
D . G. R obinson , P residen t; C. D . Beebe, Cashier.
D irectors—W m . H . P ow ers, C. D. B eeb e, N . A. F u lle r, D . G. R obin son, C hester M esser»
L. E. K nappen.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts .........................................................
$109,722 96
$108,250 06
$115,654 57
$156,525 79
S tock s, bonds a nd m o r tg a g e s................... ......................
6,513 00
7,153 00
8,170 25
8,520 25
2,714 95
8,088 84
21,817 05
7.487 12
539 10
539 10
559 10
559 10
1,016 03
171 70
757 07
1,311 03
1,024 00
757 59
4,267 54
1,965 09
510 CO
O verd rafts......................................................
D u e fro m ban k s in reserv e c itie s ..................................
D ue fro m o th er ban k s an d b a n k e r s ............................
B a n k in g h o u se ............. .......................................
F u rn itu re and fix tu res....................................
O th er rea l e s t a t e .........................................................
C urren t exp en ses and ta x e s p a id ............................
I n te r e st p a id ....................................... ...................
E x ch a n g e s fo r c le a rin g h o u se ........................................
C hecks an d ca sh ite m s ....... ...............................
N ic k e ls a nd p en n ies.........................................
10 87
G old c o in ........................ ...................................
S ilv e r c o in .................................................
U . S. a nd N a tio n a l ban k n o te s ......................................
T o ta ls ..................................... . ................
3,245 00
795 00
617 50
946 26
495 00
268 29
903 65
3,753 00
6,874 00
4,187 00
2,777 CO
$129,474 30
$133,135 16
$156,298 37
$180,559 03
L ia b ilitie s.
C a p ita l sto c k paid in . ..................................
$50,000 00
$50,000 00
$50,000 00
$75,000 00
S u rp lu s fu n d ............................
1,500 00
2,500 00
2,500 00
2,500 00
U n d iv id e d p r o fits.................................
4,248 27
383 22
2,430 83
5,411 14
15 20
1,041 00
96 00
I n d iv id u a l d ep o sits, su b ject to c h e c k ...........
26,900 85
23,480 24
62,277 49
51,215 78
C ertificates o f d ep o sit..................................
44,809 98
42,353 99
38,994 05
46,432 11
$156,298 37
$180,559 03
D iv id e n d s u n p a id ..... ...............................
D u e to b a n k s a nd b a n k e rs................................
258 49
C ertified c h e c k s ....................................
C a sh ier’s ch eck s o u tsta n d in g ...........................
S a v in g s d e p o s it s .........................................
N o te s and b ills r e-d is c o u n te d ...............................
2,000 00
13,118 22
$129,474 30
$133,135 16
B ills p a y a b le _____________ ______
T o ta ls ...............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
■
65
THE BANKING DEPARTMENT.
No. 55.
F IR S T STATE BANK, H IL L S D A L E .
O rganized Septem ber 19,1887.
J ames S. Galloway, P resident; A lyah B . Dickinson , Vice P resident; James K. Fisher , Cashier.
Directors—L. H . F resen d o rf, C. H. C hapm an, E li W e s tfa ll, Ira B. C ard, A . B. D ick en son ,
J a m es K. F ish er, J a s. S. G allow ay.
Report of
May 13.
R esources.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
...................................
$85,000 03
$75,995 45
$75,301 31
$81,978 66
S to ck s, bonds a n d m o rtg a g es_______ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
28,039 69
30,065 19
30,047 19
27,832 61
..........................................................................
488 50
229 50
210 23
261 28
D u e fro m ban k s in reserv e c itie s .......................... .........
659 03
1,254 51
1,581 73
3,722 03
1,500 00
1,500 00
1,500 00
1,500 OO
217 90
517 90
128 44
128 50
5 50
10 84
L oans and d is c o u n ts............................ -
O verdrafts
L u o from of.Tiftr h a n k s and b a n k ers
L a n k in g h on so
E n rn itu re and fix tu res .......................... ..........................
O ther real e sta te
C urren t e x p en ses and ta x e s p a id _________ _ _ _ _ _ _ _ _
Tnteresf paid
_
_________
E x ch a n g e s fo r c le a rin g h o u se
C hecks and cash ite m s
T ' i ip .' k p .l s n . n J
Dermies.
_____
_
__
417 30
__ _
_.
47 00
..
. _.
2 62
»
24 71
265 00
75 00
125 00
75 50
6,628 00
6,800 00
5,423 00
$122,857 16
8116,259 36
8114,490 80
$50,000 00
$50,000 00
$50,000 00
250 00
250 00
1,914 66
187 99
813 90
460 00
300 00
300 00
In d iv id u a l deposits, su b ject to c h e c k ........................
31,196 86
29,290 68
29,810 88
27,812 80
C ertifica tes o f d e p o s it............. .................. .....................
39,745 64
34,717 28
33,122 69
43,570 00
1,353 41
193 33
423 83
$116,259 36
$114,490 80
8124,471 82
S ilv er coin
IT .
__ _______________ - ____ _ _ _ _ _ _ _ _ _ _ _ _
S- and N a tio n a l han k n o tes ........................ ............
T otals
. . ........... ..................... ............................... .. ..............
120 OO
8,400 00
8124,471
L ia b ilitie s.
C apital sto c k p aid in ............... ...........................................................
S u rp lu s fu n d .......................- ...............................................
U n d iv id ed profits
_____________________________
D iv id en d s u n p a id _____ - ............ ..............- ......................
D ue to han ks and h an kers
.... ......................................
$50,000 00
250 OO
2,115 19
C ertified e h eck s
C ash ier’s ch e ck s o u tsta n d in g
S a v in g s dep osits
N o te s and h ills re-discou nted
L ills p a y a b le
T o ta ls ...............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$122,857 16
66
REPORT OF THE COMMISSIONER OF
No. 78.
H IL L S D A L E S A V IN G S BA NK , H IL L S D A L E .
O rganized J u ly 30, 1884.
Chauncey F. Cook, President ; H enry S. W alsworth , Vice President ; F . H . Conklin , Cashier.
Directors—F. M. H a llo w a y , Jno. H. A rm stro n g, Jno. F. K in g, H e n r y S. Walsworth,
C h a u n cey F. Cook.
R eso u rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans and d isc o u n ts.... .......................................................
$163,610 19
$164,408 91
$170,507 35
$180,522 53
S tock s, bonds and m o r tg a g e s.............................. ..........
43,407 96
43,153 96
47,053 96
39,722 96
O v e r d r a fts ..............................................................................
475 38
1,223 62
1,125 95
1,705 06
D ue from b an k s in reserve c itie s ..................................
15,968 85
28,439 07
18,563 41
25,424 30
101 50
8,000 00
D ue from oth er ban k s and b a n k e r s ............................
B a n k in g h o u se ................. .....................................................
F u rn itu re a nd fix tu r e s ......................................................
3,000 00
2,000 00
2,000 00
2,000 00
413 94
762 86
948 22
1,450 79
438 12
1,065 25
450 92
415 94
59 81
27 80
30 40
9 08
6,600 00
7,583 50
4,207 50
6,482 50
O ther rea l e sta te ...................................................................
C urren t ex p en ses a nd ta x e s p a id ..................................
In te r est p a id ...........................................................................
E x ch a n g es for clea rin g h o u se ........ ...............................
C hecks and c a sh it e m s ................................_....................
N ic k e ls and p e n n ie s...............................................
G old co in ................................. ...............................................
S ilv er co in ................................................................
U n ited S ta te s and N a tio n a l ban k n o te s ...... ..............
T o t a ls ............................................... ....................
1,606 35
270 05
124 70
1,099 25
13,458 00
10,274 00
5,815 00
11,380 00
$247,068 60
5259,208 03
$250,928 91
$278,212 41
L ia b ilitie s.
C apital sto c k paid i n ..........................................................
$60,000 00
$60,000 00
$60,000 00
$60,000.00
Su rp lus f u n d ................................................................
9,000 00
9,000 00
9,000 00
9,000 00
U n d iv id ed p r o fits...........................................................
2,303 90
3,106 19
3,809 28
6,029 66
D iv id en d s u n p a id ................................ .......
In d iv id u a l dep osits su b ject to c h e c k .........................
C ertifica tes o f d e p o s it.............................................
71,895 43
74,307 25
62,572 97
47,117 69
103,869 27
112,794 58
115,546 66
120,159 91
D u e to b a n k s a nd b a n k e r s.............................................
C ertified c h e c k s .......................................................
C ash ier’s ch eck s o u tsta n d in g .....................................
S a v in g s d e p o sits....................................................................
35,905 15
N o tes and b ills r e-d isco u n te d .........................................
B ills p a y a b le .........................................................................
T o t a ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$247,068 60
$259,208 02
$350,928 91
5378,213 41
67
THE BANKING DEPARTMENT.
No. 56.
F IR S T ST A T E B A N K OF H O L L A N D , H O L L A N D .
O rganized D ecem b er 16, 1889.
I saac Cappon , President; J no. W. B eardslee, Vice President; Isaac Marsilje , Cashier.
*
Directors—Jno. W. B eard slee, Isa a c Cappon, P a u l S tec k e te e , G errit J . D iek em a, G errit J. K allen ,
Jno. C. P a st, G. W . M akina, J a n W . G arvelin k , Isa a c M arsilje.
R esources.
L oans and d is c o u n ts ............................
S to ck s, bonds and m o rtg a g es...........
O v erd ra fts..................................................
D u e fro m b a n k s in reserv e c itie s __
D u e fro m o th er ban k s a nd b an kers
B a n k in g b o u se .........................................
F u rn itu re and fix tu r es..........................
O th er rea l e s t a t e .....................................
C urren t ex p en ses a n d ta x e s p a id ...
In terest p a id ..............................................
E x ch a n g e s fo r c le a rin g h o u se .......... .
C hecks a n d ca sh ite m s .........................
N ic k e ls an d p e n n ies................................
G old c o in ....................................................
S ilv er c o in ...................................................
U . S. a n d N a tio n a l b a n k n o te s ..........
T o ta ls ....................................................
L ia b ilitie s.
C a p ita l sto ck paid in .................................
S u rp lu s fu n d ..................................... ..........
U n d iv id ed p r o fit s .................................... .
D iv id e n d s u n p a id .......................................
In d iv id u a l d ep o sits, su b je c t to ch eck
C ertifica tes o f d e p o sit.............................. .
D u e to ban k s and b a n k e rs....................
C ertified c h e c k s ...........................................
C a sh ier’s ch eck s o u tsta n d in g ...............
S a v in g s d e p o s it s .........................................
N o tes a nd b ills re-d isco u n ted ..............
B ills p a y a b le .................................................
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
May 13.
Report of
July 12.
Report of
Sept. 80.
Report of
Dec. 11.
68
REPORT OF THE COMMISSIONER OF
Yo. 24.
L A P E E R C O U N T Y B A N K , I M L A Y C IT Y .
O rganized J a n u a ry 26,1886.
Jno. Borland, P resident; W alter W alker, Vice President; Jno. B orland , J r ., Cashier;
W. J. A bbs, Ass't Cashier.
D irectors—J o h n B orlan d , J. E. Cooper, W a lte r W alk er, E d w ard E . P a lm e r, D. Y. Y erex, John
B orlan d , Jr.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d is c o u n ts ..........................................................
$78,612 52
$72,818 67
$80,383 27
879,713 76
S tock s, bonds a n d m o rtg a g es.........................................
12,739 33
10,346 13
17,125 01
14,346 44
O v e r d r a fts..............................................................................
230 55
256 50
363 95
2,624 26
D u e from ban k s in reserv e c itie s ..................... ............
4,805 49
25,479 18
20,915 28
22,698 64
R esources.
D ue from oth er ban ks a nd b a n k e r s .. . .......................
383 37
131 95
516 00
2,975 68
B a n k in g h o u s e ............. .......................................................
4,877 54
4,877 54
4,890 36
4,890 36
F u rn itu r e a n d fix tu r e s..................................................
1,877 54
1,877 54
1,877 54
1,877 54
C urrent ex p en ses a nd ta x e s paid ..................................
1,021 51
10 35
761 99
1,202 13
In te r est paid ................. ........................................................
163 19
1 21
75 44
1,383 46
C hecks a nd c a sh it e m s ....... ..............................................
2,089 93
2,498 51
486 44
1,407 55
N ic k e ls an d p e n n ies......... .................................................
82 87
50 24
42 48
32 61
G old c o in ............................ ..............................................
245 00
210 00
S ilv er c o in ...............................................................................
872 00
1,172 00
930 00
729 00
U . S. and N a tio n a l bank n o tes......................................
6,229 00
6,212 00
6,455 00
5,149 00
T o ta ls...............................................................................
$114,229 84
$125,941 82
$134,822 76
8139,115 43
$50,000 00
850,000 00
$50,000 00
$50,000 00
500 00
500 00
500 00
4,909 39
821 71
3,434 73
8,208 06
In d iv id u a l d ep osits, su b ject to c h e c k ........................
58,030 31
72,365 44
77,651 73
77,273 51
C ertifica tes o f d e p o sit......................................................
1,290 14
2,254 67
3,236 50
3,133 86
$114,229 84
$125,941 82
$134,822 96
$139,115 43
O ther r ea l e s t a te ................................................. ...............
E x ch a n g es for clea rin g h o u se .......................................
85 00
L ia b ilitie s.
C apital sto c k paid i n ............................ .............................
S u rp lus fu n d .......................................
U n d iv id ed profits.................................................................
D iv id en d s u n p aid ................................................................
D u e to ban k s an d b a n k e r s .............................................
C ertified c h e c k s ...................................................................
C ash ier’s ch eck s o u t s ta n d in g .......................................
S a v in g s d ep o sits...................................................................
N o te s and b ills re-d isco u n te d ........................................
B ills p a y a b le .........................................................................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
69
THE BANKING DEPARTMENT.
No. 58.
I O N I A C O U N T Y S A V I N G S B A N K , IO N IA .
O rganized Janu ary 4, 1886.
H . R . W agab , P resident; L. B. Townsend, Vice P residen t; J osiah E. J ust, Cashier.
D irectors—L arm on B . T ow nsend , C h a u n cey J. R u m sey , N a th a n B. H a y e s, A . F . K elsey , Josiah E.
J u st, A lle n S. W r ig h t, L. N . O lm sted, H. R. W agar, F r a n k lin H . D oland .
Report of
May 18.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts ........................................................
$125,716 72
$134,243 73
$136,330 68
$141,653 33
S tock s, bonds and m o rtg a g es.........................................
61,791 44
62,906 30
74,706 30
73,246 30
•O verdrafts..............................................................................
1,318 46
6,639 53
8,447 45
3,560 27
D u e fro m ban ks in reserv e c itie s .................................
25,044 94
32,949 51
15,339 55
29,731 17
D u e from o th er h a n k s a nd h a n k e rs............................
3,523 00
1,102 11
9,830 87
2,357 57
F u rn itu r e a nd fix tu r e s......................................................
3,103 12
3,103 12
3,115 12
3,172 62
O ther rea l e s t a te ..................................................................
2,159 54
B a n k in g h o u se ___ ______________ _______ _______
C u rren t e x p en ses a n d ta x e s p a id ................................
1,497 01
51 58
1,359 10
2,081 25
I n te r e s t p a id ............................ ............................................
2,275 25
539 19
1,380 01
2,262 51
1,489 85
4,856 13
13,185 40
21,136 85
4,383 00
795 70
E x ch a n g e s for c le a rin g h o u s e ......... .............................
C hecks and ca sh ite m s ................................... ..................
N ic k e ls a n d p e n n ies........................................................ __
Gold c o in ................................................................................
1 69
80 00
6,423 78
5,500 00
S ilv e r c o in ...............................................................................
890 50
2,138 44
1,035 57
2,601 42
U . S. a n d N a tio n a l h a n k n o te s ................. . ..................
9,939 00
8,523 00
6,167 00
13,879 00
T o ta ls ................................................................................
$245,502 61
$263,554 33
$275,280 05
$296,557 99
C a p ita l sto ck paid in .........................................................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
S u rp lu s fu n d .........................................................................
10,000 00
14,000 00
14,000 00
14,000 00
U n d iv id e d p ro fits. ..................... ......................................
6,910 20
415 51
3,419 42
5,638 32
L ia b ilitie s.
D iv id en d s u n p a id .................................................................
I n d iv id u a l dep osits, su b je c t to c h e c k ........................
50,818 93
57,615 33
45,083 13
65,595 58
C ertificates o f d ep o sit........................................................
117,972 80
119,948 15
146,519 20
139,724 36
D ue to b a n k s a nd b a n k e r s ..............................................
598 85
3,787 07
162 44
1,111 66
36,095 86
35,488 47
#
C ertified c h e c k s ..................................................................
C ash ier’s ch eck s o u ts ta n d in g .......................................
S a v in g s d e p o s its ..................................................................
29,171 83
36,758 27
N o tes and b ills re-d isco u n te d .......................................
5,000 00
B ills p a y a b le ........................................................................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$215,502 61
$262,554 33
$275,280 05
$296,558 39
70
REPORT OF THE COMMISSIONER OF
No. 12.
T H E P E N I N S U L A B A N K , IS H P E M IN G -.
O rganized O ctober 27, 1887.
W m . Sedgwick , President; Ole W alsetii, Vice P residen t; A ubrey D. Garner , Cashier.
D i r e c t o r s —H. H . M aldon, R . M a x w ell, E . E . Osborn, W illia m S ed g w ick , Ole W a lseth , Otto E ger,
Obas. H'. K irk w ood , D. M cV ick er, T im H ugh es.
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts .......... .................................... ........
$59,262 83
881,483 19
$94,455 69
883,726 62
Stocks, bonds a nd m o r tg a g e s ........ - ____ _________
21,471 12
10,268 27
10,252 97
17,942 00
O v e r d r a fts ...... ............................. ............................ ..........
760 89
567 74
69 32
244 35
16,698 54
19,949 86
20,017 68
32,400 23
D ue fro m b a n k s in reserve c itie s ............................ .
573 04
800 0 0
122 10
1,134 38
................................... _....................
15,589 17
15,589 17
15,589 17
15,589 17
F u rn itu re and fix tu r e s .......... .........................................
2,782 18
2,782 18
2,782 18
3,782 18
128 45
35 35
207 50
321 25
151 75
52 55
13 03
18 58
9 74
15,000 00
16,765 00
6,617 50
9,730 00
D u e fro m oth er b a n k s a n d b a n k e rs...........................
'Ranking h o u se
o th e r real e sta te
C urrent ex p en ses and ta x e s paid
In te r est paid
___
____
8 10
- ____________
E x ch a n g es fo r c le a rin g h o u se . ___
C hecks and cash ite m s
_______ _ ____
N ic k e ls and p e n n ie s ..........................................................
G old coin
____________________________ ________
353 75
S ilv er co in __............... .......... - ........................................ .
1,618 00
1,623 35
1,081 25
1,950 70
U . S. and N a tio n a l ban k n o te s ......................................
3,500 00
5,848 00
3,156 00
1,571 00
$137,644 27
8156,026 39
$154,314 19
$167,442 22
$50,000 00
$50,000 00
$50,000 00
$50,000 00
.......... ...............................- ................
189 37
189 37
189 37
189 37
U n d iv id ed profits ........ ......................... ...........................
1,629 64
2 ,0 1 1 10
3,322 39
4,533 10
75,407 75
90,260 09
88,142 46
102,310 50
C ertificates o f d e p o s it .....................................- ..............
8,490 03
11,899 03
11,225 63
9,595 86
D ue to han k s and h a n k e r s .____________ _________
1,467 48
625 85
1,434 34
813 39-
$154,314 19
$167,442 33
T o ta ls
..................... ........................... ..................
L ia b ilities.
C apital sto ck paid in ~ .......................................................
Su rp lus fu n d
D iv id en d s unpaid
__
In d iv id u a l deposits, su b je c t to c h e ck
___
____
__.................
360 00
Certified chpeks
65 45
C ash ier's ch eck s o u tsta n d in g
100 00
975 50
$137,644 27
$156,026 39
S a v in g s dep osits
N ntes and h ills re-discou nted
D ills pa y a b le
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
________ - ______ _________________
71
THE BANKING DEPARTMENT.
No. 68.
J A C K S O N C IT Y B A N K , J A C K S O N .
O rganized Jan u a ry 1, 1865.
W. D. Thompson, P resident; R . H . Emekson, Vice P resident; Benjamin N ewkirk , Cashier;
G. R . Byrne , A ss't Cashier.
Directors—W m . M. T hom pson, G ilb ert R. B yrn e, B en ja m in N ew k irk, R u fu s H . E m erson,
W m . D. T hom pson.
Report oi
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
Tjortis n.Tid d is c o u n ts ........___ ..........................................
$425,281 60
8458,950 06
$468,122 52
$534,471 32
S to ck s bonds and m o r tg a g e s ____________ ____ __
161,000 00
161,000 00
161,000 00
161,000 00
................................ ..........................................
21,239 71
11,645 11
21,055 71
21,244 65
D ue from b an k s in reserve c itie s .................... ...........
55,147 54
69,985 54
80,863 37
33,477 07
D ne from oth er han k s a.nd h a n k e rs............................
1,576 41
3,031 37
2,830 14
493 84
B a n k in g h o u se ____________ ___________ -................
9.000 00
9.000 00
9.000 00
9.000 00
R esources.
Overd ra fts
1.000 00
1.000 00
1.000 00
1.000 00
18,000 00
18,000 00
18,000 00
18,000 00
E x ch a n g e s for clea rin g h o u s e .........................._..........
3,071 58
2,222 74
4,123 28
4,900 39
C hecks a.nd cash ite m s ________________________
46 00
99 80
85 69
54 24
N ic k e ls and p e n n ie s ........................................................ .
54 07
190 12
102 39
95 25
12,292 50
9,617 CO
6,066 00
1,525 00
TTnrnitnre and fix tu res .............. ......................................
O ther read e sta te
.... .........................................................
C urren t exp en ses a.nd ta x e s paid
In terest paid
C old coin
-
_____
________________________
_____ ______ _____ _________
S ilv er c o in ..............................................................................
1,213 45
2,697 10
2,315 50
1,104 75
T7, S. a.nd N a tio n a l han k n o te s ................................ .....
31,391 00
37,770 00
26,721 00
24,942 00
$740,313 86
$785,214 84
$801,285 60
8811,308 51
______________________ ___
$100,000 CO
$100,000 00
$100,000 00
$100,000 00
Su rp lus fu n d ___ ______________________________
150,000 00
150,000 00
150,000 00
150,000 00
_______________________ _
65,415 13
57,806 74
62,189 19
71,970 83
In d iv id u a l deposits, subject, to c h e c k ____________
265,166 51
311,162 86
331,232 63
317,236 96
Op/rfificates o f deposit ......................................................
159,565 45
166,245 24
157,669 97
171,072 62
193 81
1,028 10
$801,285 60
$811,308 51
T o ta ls
___ ______________________ __________
L ia b ilitie s.
C apital stock p aid in
U n d iv id ed profits
Du© £o han ks and h an kers
C ertified ch e ck s
_____ _______
166 77
___ ____- ________...
C ash ier’s ch e ck s o u tsta n d in g
____________
N o tes and b ills re-discou nted
B ills p a y a b le
T o ta ls
»
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- _ ________________
___________________________ _
$740,313 86
8785,214 84
72
REPORT OF THE COMMISSIONER OF
No. 14.
T H E U N IO N B A N K , JA C K SO N .
O rganized N ovem ber 1, 1883.
W m. H . W ithington, P residen t; 0. C. B loomfield, Vice P residen t ; E zra M. A ldrich , Cashier;
A . M. W alker , Ass't Cashier.
Directors—L. H . F ield , T hos. A . W ilso n , Z en as C. E ld red , A d d ison B. R obin son, D w ig h t S. S m ith ,
C has. C. B loom field, W m . H . W ith in g to n .
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 1 1 .
L oans an d d isc o u n ts..............................
8353,127 33
$374,443 70
$413,317 35
$357,643 98
S tock s, bonds an d m o rtg a g es.............
121,842 57
123,142 87
129,192 87
143,732 74
O v erd ra fts......................... , ........................
3,080 39
3,103 62
12,393 64
2,765 96
D u e fro m b a n k s in reserv e c itie s ___
117,968 46
133,274 19
61,029 33
96,416 80
R esou rces.
D u e fro m oth er b a n k s a n d b a n k ers.
B a n k in g h o u se......................................
1,455 00
3,610 17
28,000 00
28,000 00
28,000 00
28,000 00
F u rn itu re a nd fix tu r es...........................
2,518 63
2,518 63
2,518 63
2,518 63
O ther r ea l e s t a t e .....................................
2,490 44
2,466 94
2,492 19
C urren t ex p en ses an d ta x e s p a id ___
3,566 93
472 97
2,367 19
4,474 50
I n te r e st p a id ...............................................
615 54
192 99
411 18
5,456 59
8,538 62
344 72
E x ch a n g es fo r c le a r in g h o u se ............
753 90
398 45
C h e c k s a n d c a sh ite m s .. .....................
500 04
366 20
456 64
N ic k e ls an d p en n ies......... ......................
295 24
192 23
162 71
120 18
C o ld co in .......................................................
10,320 00
16,405 00
16,717 50
16,290 00
S ilv e r c o in ...................................................
2,935 60
3,893 00
991 50
1,647 30
U . S. and N a tio n a l ban k n o tes...........
13,376 00
24,539 00
8,381 00
9,007 00
$662,846 06
$717,018 96
56,513 71
8668,875 04
100,000 00
$ 100,000 00
T o ta ls ........................................................................... .
L ia b ilities.
C a p ita l sto ck paid in ..................................
100,000 00
8100,000 00
S u rp lu s f u n d .................................................
10,000 00
11,000 00
11,000 00
11,000 00
U n d iv id e d profits........................................
16,677 65
8,291 73
16,070 73
24,948 89
I n d iv id u a l deposits, su b je c t to c h e c k .
119,816 90
159,467 71
146,024 74
103,804 34
C ertifica tes o f d e p o sit............ .................
72,066 27
73,828 08
84,970 93
106,624 50
D u e to banks a n d b a n k e rs.......................
6,607 10
13,461 57
7,491 22
7,096 40
337,678 14
350,969 87
320,956 09
315,400 91
$662,846 06
$717,018 96
6,513 71
8,875 04
$
$
D iv id e n d s u n p a id ........................................
C ertified c h e c k s ..........................................
C ash ier’s ch eck s o u tsta n d in g .................
S a v in g s d e p o sits...........................................
N o tes and b ills r e -d isc o u n te d ...............
B ills p a y a b le...................................................
T o ta ls—
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
73
THE BANKING DEPARTMENT.
No. 1.
KALAM AZOO S A V IN G S B A N K , KALAM AZOO.
O rganized J a n u a ry 12,1889.
C h a s . J . M o n r o e , P resident; H e n r y B r e e s , Vice President; R. J. W il l ia m s o n , Cashier;
F. G. D e w e y , Ass't Cashier.
D ir e c t o r s —C. J. M onroe, H en ry B rees, T. P. Sh eld on, W m . G. K irby, Jno. M ack ey, G. C. B u rn h am ,
W m . J. K irby, A . C. W o r tle y , R. J. W illiam son .
R esources.
Report of
May 18.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n ts ..........................................................
$174,143 78
$168,768 08
$166,449 09
$200,389 64
S to ck s, bon d s an d m o r tg a g e s ......................................
183,414 36
185,270 02
192,590 93
209,115 52
85 55
174 31
35 69
61,779 08
52,871 21
56,925 12
O v erd ra fts.......................................................................
D ue from ban ks in reserve c itie s.................................
D ue fro m o th er ban ks and b a n k e rs...................
B a n k in g h o u s e .......................................................
38,862 20
4,000 00
4,913 90
4,000 00
10,000 00
10,000 00
10,000 00
10,000 00
16,000 00
16,000 U0
16,000 00
16,000 00
72 38
972 89
1,463 41
106 86
F u rn itu re and f ix t u r e s ................... ..................
O ther real e s t a te ............. .................................... ..
C urren t ex p en ses and ta x e s p a id ..............................
534 91
I n te r e s t p a id .............................. .............................
E x ch a n g e s fo r c le a r in g h o u s e .......................................
1,975 34
772 76
615 38
155 94
665 53
510 00
470 85
440 40
G old co in .................................................................................
6,195 00
4,145 00
8,422 50
8,517 50
S ilv er c o in ...... .................................................................
2,553 00
1,293 21
1,634 00
1,642 00
U . S, and N a tio n a l b an k n o tes.................................
23,627 00
24,765 00
26,524 00
19,690 00
$461,507 59
5479,275 49
$481,750 59
$523,018 67
$50,000 00
850,000 00
$50,000 00
$50,000 00
14,000 00
14,000 00
14,000 00
18,000 00
1,555 95
5,562 34
9,888 56
3,127 36
C hecks a nd c a sh ite m s ............. .......................................
N ic k e ls and p en n ies.......................................
T o ta ls.................................................................................
L ia b ilities.
C ap ital stock paid i n . . . .....................................................
Su rp lus f u n d ............. ............................ .......................
U n d iv id ed profits...............................................................
D iv id en d s u n p a id .................. .................................
In d iv id u a l d ep o sits, su b je c t to c h e c k ........................
35,946 84
36,747 78
37,010 32
48,231 22
C ertificates o f d e p o sit........ ......................................
32,548 00
34,596 22
34,819 86
35,604 93
D ue to ban k s a nd b a n k e rs.......................................
19,007 95
14,900 68
9,703 06
14,456 74
308,448 85
323,468 47
326,328 79
353,598 42
$461,507 59
$479,275 49
$481,750 59
$523,018 67
C ertified c h e c k s ................................................................
C ash ier’s ch eck s o u tsta n d in g ........................................
S a v in g s d e p o s its .................................................................
N o tes and b ills r e-d isco u n te d ......................................
B ills p a y a b le............................. ............................................
T o ta ls............ ...................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
,\
74
REPORT OF THE COMMISSIONER OF
No. 41.
L A K E O D E S S A S A V IN G S B A N K , L A K E ODESSA.
O rganized M ay 22, 1888.
H . R . W a g a r , P resident; E . E. W a g a b , Vice P residen t; W . J. P e r c iv a t , Cashier.
D ir e c t o r s —H. R . W a g a r , j?. L. W a g a r, O. E. W agar, E . E . W agar, N . W. P age.
,
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
$29,358 53
L oans a nd d is c o u n ts ................... .................... .............. . .
$24,156 70
$29,530 91
$29,664 77
S tock s, bonds a n d m o rtg a g es.........................................
11,280 00
6,234 00
7,109 00
6,993 65
O v erd ra fts.............................. ...............................................
5,576 40
5,447 14
4,007 68
4,147 91
2,797 10
4,082 33
1,891 46
1,200 00
D ue fro m b a n k s in reserv e c it ie s ..- ............................
4,431 36
D ue from o th er ban ks and b a n k e rs............................
16 63
B a n k in g h o u se .....................................................................
1,200 00
1,200 00
1,200 00
F u rn itu r e and fix tu r e s ..................................... ...............
898 65
898 65
898 65
898 65
O ther r e a l e s t a te ................. ...................................... ........
3,500 00
3,500 00
3,500 00
3,500 00
C urren t ex p en ses and ta x e s p a id ................................
441 21
139 15
395 98
591 03
In te r est p a id .........................................................................
106 60
1 23
281 65
301 18
C heck a nd ca sh ite m s ......................................................
110 20
1,031 43
605 82
513 21
N ic k e ls an d p e n n ie s ..........................................................
40 62
21 67
29 74
57 42
500 00
15 00
50 00
E x ch a n g e s for clea rin g h o u se .......................................
Gold c o in ............................................................................
S ilv er c o in ...............................................................................
430 15
888 40
304 35
318 45
U . S. an d N a tio n a l ban k n o te s ....................................
1,683 00
3,288 00
705 00
1,274 00
853,871 52
$55,477 68
$52,799 96
$50,995 49
825,000 00
$25,000 00
$25,000 00
$25,000 00
1,523 10
1,500 00
1,500 00
1,51)0 00
678 70
525 42
1,005 61
1,315 89
7,822 78
11,634 15
12,461 03
10,608 01
18,847 94
16,406 67
12,806 06
11,968 32
211 44
27 26
583 27
$52,799 96
$50,975 49
T o ta ls ........................................................................
L ia b ilitie s.
C a p ita l sto ck paid in .................... ...............................
S u rp lu s fu n d .........................................................................
U n d iv id ed p ro fits..............................................................
D iv id e n d s u n p a id .................................................
I n d iv id u a l d ep o sits, su b je c t to c h e c k .........
C ertificates o f d ep o sit..................................
D u e to ban k s an d b a n k e r s .........................
C ertified c h e e k s ............................................................
C ash ier’s ch eck s o u tsta n d in g .........................
S a v in g s d ep osits........... ............ ....................
200 00
. .
N otes and b ills re-d isco u n te d ........................... ...
B ills p a y a b le ....................................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$53,871 52
$55,477 68
75
THE BANKING DEPARTMENT,
No. 85.
C E N T R A L M IC H IG A N S A V IN G S B A N K , L A N S IN G .
O rganized M ay 27, 1875.
O r l a n d o F . B a r n e s , P residen t; F r e d e r i c k T h o m a n , Vice P residen t; N e l s o n B r a d l e y , Cashier.
D ir e c t o r s —W m . H . H aze, A. T. D a v is, M rs. W . S. G eorge, F. T hom an , O rlando F . B arn es,
N elso n B rad ley.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts ........... ..............................................
5466,501 56
$485,834 54
$536,679 34
$408,190 88-
S tock s, bonds an d m o r tg a g e s........................................
9,500 00
9,500 00
9,500 00
147,374 17
O v erd ra fts............... - .................................. .........................
7,212 56
5,408 47
5,162 98
7,364 98
D u e fro m b a n k s in reserv e c itie s .................................
31,081 08
27,536 83
45,403 31
39,530 85'
D ue fro m oth er b a n k s a nd b a n k ers............................
1,990 00
818 10
9,321 73
7,282 08-
1,426 74
1,426 74
1,426 74
1,426 74
2,138 40
17 00
1,516 43
2,628 75
3,522 82
•
B a n k in g h o u s e .. .. ..............................•.............................
F u rn itu r e and f ix t u r e s ....................................................
Other rea l e s t a te ..........................................................
C urren t exp en ses and ta x e s p aid .................................
In te r est paid ..................................................................
E x ch a n g e s fo r clea rin g h o u se .......................................
C hecks and c a sh ite m s ....................................................
3,367 04
8,936 38
9,595 00
N ic k e ls an d p e n n ie s ..........................................................
823 53
967 96
877 43
857 64,
Gold c o in ........................................... ....................................
2,035 00
3,050 00
3,080 00
630 00
S ilv er c o in ................. ............................................................
1,090 80
1,839 50
3,621 00
1,295 45
U . S. and N a tio n a l bank n otes......................................
9,362 00
10,077 00
6,674 00
5,503 00
T o ta ls ................................................................................
5536,528 71
$555,412 52
«632,857 96
$625,607 36
C apital sto ck paid i n ..........................................................
$64,000 00
$64,000 00
$64,000 00
«64,000 00
Su rp lus f u n d .......................................................................
40,000 00
45,000 00
45,000 00
45,000 00
U n d iv id ed profits................................................. ............
10,324 12
2,107 77
9,448 69
16,392 62
L ia b ilities.
D iv id en d s u n p a id ...............................................................
In d iv id u a l deposits, su b ject to c h e c k .......................
134,190 01
93,233 44
156,925 60
136,307 02
C ertificates o f d ep o sit.......................................................
121,061 56
132,250 84
149,862 21
157,039 06
176,868 66
D u e to ban ks a nd b a n k ers. . .
275 22
C ertified c h e c k s _____
C ash ier’s ch eck s o u tsta n d in g .
S a v in g s d ep o sits...................................................................
141,877 80
186,167 98
181,968 97
N o tes a n d b ills re-d isco u n te d .......................................
16,800 00
16,652 49
25,652 49
8,000 00
16,000 00
5536,528 71
$555,412 52
R ills payab le
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14,000 00
16,000 00
$632,857 96
$625,607 36
76
REPORT OF THE COMMISSIONER OF
No. 16.
IN G H A M CO U N TY S A V IN G S B A N K , L A N S IN G .
O rganized N o v em b er 1, 1886.
H ir a m H . S m it h , P resident; J a s . M. T u r n e r , Vice P residen t; M a r q u is D . T o d d , CashierL . A d e l b e r t B a k e r , A ss't Cashier.
D i r e c t o r s —J a m es M. T urner, H en ry H u m p h rey , J. R . E ss e lsty n , H. H . S m ith , M. D. Todd A T.
D a v is, F. T hom an , H. A. F arran d , D. S. S m ith .
R eso u rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d is c o u n ts ..............................
$209,300 46
$237,058 08
197,902 74
$233,930 40
S to ck s, bon ds a n d m o r tg a g e s ............
20,716 84
22,851 84
23,151 84
21,951 84
O v e r d r a fts...................................................
889 60
4,523 34
26,440 52
2,405 12
D u e fro m b a n k s in reserv e c itie s ___
9,511 68
10,475 41
12,821 89
14,536 88
7,286 87
4,987 12
D u e fro m o th er ban k s a nd b a n k ers.
¡B anking h o u s e .........................................
F u rn itu r e a nd fix tu r e s ..........................
1,304 23
1,304 23
1,317 33
1,317 83
38 54
40 78
298 75
13 33
17,264 06
3,004 50
C h eck s a nd c a sh ite m s ..........................
24,941 22
7,792 59
4,577 42
1 95
N ic k e ls and p en n ies................................
30 05
60 76
44 48
34 51
•Other rea l e s t a t e ......................................
C urren t ex p en ses a n d ta x e s p a id ___
I n te r e s t p a id .............................................
E x ch a n g e s fo r clea rin g h o u se ............
G old c o i n .....................................................
90 00
S ilv e r c o in ...................................................
819 65
455 00
1,929 75
291 50
U . S. a n d N a tio n a l ban k n o tes...........
3,967 00
2,024 00
1,347 00
2,820 00
8271,609 27
$286,586 03
$294,382 65
$285,304 98
C a p ita l sto ck p a id in ..................................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
Su rp lus fu n d .................................................
13,000 DO
18,000 00
18,000 00
18,000 00
U n d iv id ed p ro fits........................................
2,348 01
345 55
1,428 92
4,156 54
In d iv id u a l deposits, su b je c t to c h e c k .
40,597 89
41,125 15
39,124 43
25,418 66
C ertifica tes o f d e p o sit...............................
13,721 78
13,939 08
13,294 16
19,861 10
T o ta ls .
10 00
L ia b ilitie s.
D iv id en d s u n p a id ........................................
D ue to b a n k s a n d b a n k e rs.......................
161 38
C ertified c h e c k s ...........................................
C a sh ier’s ch e ck s o u t s ta n d in g ...............
S a v in g s d e p o s its .........................................
110,941 59
131,943 12
139,535 14
143,868 68
N o te s a nd b ills r e -d is c o u n te d ...v ........
41,000 00
31,071 75
33,000 00
24,000 00
$371,609 27
$286,586 03
$294,382 65
8285,304 98
B ills p a y a b le .................................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
77
TH E BANKING DEPARTMENT.
No. 46.
P E O P L E ’S S A V I N G S B A N K , L A N S I N G .
O rganized M ay 18, 1885.
W m . J . B e a l , P residen t ; N e l s o n B r a d l e y , Vice P residen t ; C. H . O s b a n d , Cashier.
D ir e c t o r s —J . S. M offett, A . A . W ilb u r, C. H . O sband, J o h n F ill, N elso n B rad ley, W m . J. B eal.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
$50,276 85
852,976 83
847,220 48
850,594 45
13,581 00
13,584 00
13,068 00
13,466 00
O v erd ra fts..............................................................................
1,244 92
2,641 78
1,808 24
1,066 94
D u e from ban k s in reserv e c itie s.................................
9 94
1,078 83
4,511 42
871 85
D u e fro m oth er ban ks a nd b a n k e rs............................
183 20
82 20
727 69
302 40
1,144 91
1,144 91
1,144 91
1,151 91
L oans a nd d is c o u n ts .........................................................
Stock s, bonds and m o rtg a g es.................................—
B a n k in g h o u se.......................................................................
F u rn itu re a nd fix tu r es......................................................
O ther r ea l e s t a t e ................................. .......................
C urrent ex p en ses a nd ta x e s paid .................................
612 23
In te r est p aid .......................................................................
18 05
531 17
988 71
2C6 03
372 76
594 54
210 16
E x ch a n g es fo r c le a rin g h o u se .......................................
C hecks an d c a sh ite m s ......................................................
439 35
211 30
562 08
N ic k e ls aDd p en n ies...........................................................
46 26
134 50
40 31
12 61
G old co in ...............................................................................
213 50
118 50
236 00
245 00
S ilv er c o in ..............................................................................
202 25
201 56
188 90
151 00
U . S. a nd N a tio n a l ban k n o te s .....................................
403 00
110 00
366 00
518 00
T o ta ls ................................................................................
868,360 41
872,508 49
$70,777 96
$70,173 57
C a p ita l sto ck p aid in .........................................................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Su rp lus f u n d .........................................................................
3,000 00
4,000 00
4,000 00
4,000 00
U n d iv id ed profits................................................................
1,421 95
552 69
1,644 40
2,813 42
L ia b ilities.
D iv id en d s u n p a id ...............................................................
I n d iv id u a l deposits, su b ject to c h e c k ........................
16,525 10
7,687 72
8,714 24
8,600 50
C ertifica tes o f d e p o sit......................................................
19,701 25
19,843 96
20,818 58
19,770 69
D u e to ban ks and b a n k e rs.......... ........ ......... .................
12 11
356 49
14 11
C ertified c h e c k s .......... ......................... _.............................
C ash ier’s ch e ck s o u t s ta n d in g .............................. ........
S a v in g s dep osits....................................... . . . ......................
N o tes a nd b ills re-d isco u n te d ___________ _____ ___
10,167 63
2,700 00
4,900 00
$68,360 41
$72,508 49
10,600 74
7,974 85
2,000 00
B ills p a y a b le ......................................... _.............................
T o ta ls ........ ........................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$72,777 96
$70,173 57
78
REPORT OF THE COMMISSIONER OF
No. 8.
P E O P L E ’S B A N K , L E S L I E .
O rganized D ecem b er 24,1886.
M . E. R u m s e y , P resident; W m . H a y n e s , Vice President; W . W . P ie r s o n , Cashier.
D ir e c t o r s —Jo h n B. D a k in , A . R. L. C overt, A . J. W ilso n , M. E . R u m sey, W m . H ayn es, J. J.
T u ttle , S. O. R u ssell.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dee. 11.
L o a n s a nd d is c o u n ts ..........................................................
$81,615 45
$79,812 37
$80,315 64
$79,148 05
S to ck s, bonds an d m o r tg a g e s .......................- ..............
686 00
686 00
686 00
686 00
O v erd ra fts..............................................................................
1,354 16
165 46
1,148 47
947 65
D u e fro m ban k s in reserv e c i t i e s ................................
993 65
35 69
8,406 23
9,059 17
D u e fro m o th er b a n k s an d b a n k e r s __________ _
531 75
25$ 60
B a n k in g h o u se .................................................................
4,500 00
4,500 00
4,000 00
4,500 00
F u r n itu r e a n d f ix t u r e s .....................................................
1,000 00
1,000 00
1,500 00
1,000 00
680 17
32 32
359 87
758 27
C h eck s a nd c a sh ite m s .....................................................
81 00
152 00
334 55
25 00
N ic k e ls an d p e n n ie s ...........................................................
14 14
9 59
G old c o in .................................................................................
650 00
1,350 00
1,000 00
2,750 00
R esou rces.
1,886 53
O ther r ea l e s t a te ..................................................................
C urren t ex p en ses a nd ta x e s p a id ............................ .
130 00
In te r e s t p a id ......... ................................................................
E x ch a n g e s fo r c le a rin g h o u se .......................................
12 43
S ilv e r c o in ...............................................................................
320 00
400 00
127 00
230 00
U . S. a n d N a tio n a l ban k n o te s ....................... ..............
2,118 00
6,298 00
1,137 00
2,560 00
T o ta ls.................................. .............................................
$94,433 32
$94,695 03
$99,064 76
$103,693 10
C a p ita l sto c k p aid i n ........................................................
$50,000 00
$50,000 00
850,000 00
850,000 00
S u rp lu s fu n d .........................................................................
10,000 00
10,000 00
10,000 00
10,000 00
U n d iv id e d p ro fits............... ................................................
2,650 30
289 84
1,491 76
3,012 01
D iv id en d s u n paid...............................................................
300 00
1,265 00
625 00
295 00
I n d iv id u a l deposits, su b je c t to c h e c k ........................
19,558 09
19,309 22
22,339 45
24,518 55
C ertifica tes of d e p o sit........................................................
11,900 19
11,699 68
14,608 55
15,867 54
D u e to b a n k s and b a n k e rs....................................... .......
24 84
131 29
899,064 76
$103,693 10
L ia b ilitie s.
C ertified c h e c k s ..................... .............................................
C a sh ier’s ch e ck s o u tsta n d in g .......................................
S a v in g s d e p o s it s .............................. ....................... ..........
2,000 00
N o te s a n d b ills r e -d is c o u n te d ........................................
B ills p a y a b le ........................................................................
T o ta ls ...............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$94,433 32
$94,695 03
79
THE BANKING DEPARTMENT.
No. 88.
P E O P L E ’S B A N K , M A N C H E S T E R .
O rganized J u ly 18, 1871.
L. D. W a t k in s , P resident; J . D . C o r e y , Vice P resident; C. W . C a s e , Cashier.
D ir e c t o r s —S id n ey W . C larkson, L. D . W a tk in s, J a n e K in gsley, F . V a le n tin e, A . F. F reem an,
F ra n k Sp afard, J . D. C orey.
Report of
May 13.
R esources.
L oans a ml d is c o u n t s ...... ............................. ........ ...........
Sto ck s bonds find movtgagfts
$86,317 85
Report of
July 13.
Report of
Sept. 30.
$103,837 73
$93,595 47
Report of
Dec. 11.
585,808 30
_________________
O verdrafts _ _ ________________________ _________
1,336 66
1,845 14
8,651 13
7,314 91
D ne from h a n k s in reserv e c it ie s .................................
3,173 71
8,494 53
3,477 96
12,081 84
O ne from o th er han ks and h a n k e rs______________
1,713 65
1,445 33
683 33
62 12
R anking h ou se
6,000 00
6,000 00
6,000 00
6,000 00
'Fourniture and fixtu res ......................................... ...........
1,607 13
1,607 13
1,607 13
1,607 13
O ther real e s t a te ........... ............................... ....................
6,500 00
6,500 00
6,500 00
6,500 00
336 47
33 00
136 83
622 20
______________________________
•Current e x p e n ses and ta x e s paid.......... .................. .
Tnferest paid
________ __________________
E x ch a n g es fo r c le a rin g h o u se _________ ______ ___
C hecks and cash item s
__________ ____ _________
N ic k e ls and p en n ies___ _____ _____ ______________
Gold coin
.......................... .............................................
7 14
11 89
7 33
8 34
300 00
150 00
330 00
127 50
S ilv er coin _ ______ _____ ________________ _______
534 90
633 45
330 40
436 (X)
U . S. and N a tio n a l b a n k n o tes......................................
5,433 00
6,710 00
1,364 00
2,635 00
$113,138 51
5136,346 18
$131,353 56
$123,203 34
$50,000 00
T o ta ls
........................ ........................................ ...........
L ia b ilities.
550,000 00
$50,000 00
$50,000 00
________________________________
4,606 30
4,971 40
4,971 40
2,488 28
U n d iv id ed p rofits........................ .....................................-
1,446 43
417 65
1,823 70
3,055 83
In d iv id u a l deposits, su b je c t to c h e c k ...... ..................
31,119 66
36,683 39
35,190 96
23,106 85
C ertifica tes o f d e p o sit_____ ______________ ______
34,384 39
53,787 06
39,377 50
44,552 43
581 83
387 78
$113,138 51
$136,346 18
$121,363 56
$133,303 84
C ap ital stock paid in .........................................................
Su rp lus fu n d _
D iv id en d s unpaid
D ue to han k s and han kers
C ertified c h eck s
___________________________
C ash ier’s ch e ck s o u tsta n d in g
S a v in g s deposits
N o tes a nd h ills re-discou nted
B ills payab le
T'ôtais
-
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_______________________
__________________ _____ . . . . . .
80
REPORT OF THE COMMISSIONER OF
No. 21.
T H E M A N IS T IQ U E BA N K , M A N IS T IQ U E .
O rganized M ay 16, 1889.
W m , H . H i l l , President; J n o . D . M e r s e r e a u , Vice P residen t ; F . W . M c K in n e y , Cashier.
D ir e c t o r s —F red. W . M cK in n ey, A b ija h W esto n , W m . H . H ill, M artin H. Q uick, Jno. D. M ersereau.
Report of
July 12.
R esources.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts...................................................................................
$36,648 21
$71,478 90
$52,602 79
S to ck s, bonds a nd m o r tg a g e s..................................................................
662 83
866 87
14,533 85
O v e r d r a fts ............. ................................
468 60
1,282 33
3,784 75
D u e fro m b a n k s in reserv e c i t i e s ............................................ ...........
41,488 20
18,735 70
6,099 88
D u e fro m oth er b a n k s a nd ban k ers............................ .........................
1,100 00
3,561 17
8,737 07
256 85
367 85
1,098 19
1,308 88
1,753 71
2,317 40
C hecks a nd c a sh ite m s................................................................................
1,230 14
665 11
585 71
N ic k e ls a nd p e n n ie s ........ ...........................................................................
94 54
259 95
231 38-
............................ .........
B a n k in g h o u se ................................ ................ .............................................
F u rn itu r e a n d fix tu r es................................................................ ..............
O ther r ea l e s ta te ..........................................................................................
C urren t ex p en ses an d ta x e s p a id ..........................................................
In te r est p a id ...... ...........................................................................................
E x ch a n g e s fo r clea rin g h o u se ............... .................................. .............
G old c o in ................................ ......................
........................
50 00
....................................
1,023 50
1,014 30
1,520 84
U . S. and N a tio n a l han k n o tes ............................ .................................
6,725 00
4,934 00
8,480 00
........................
$91,056 75
$104,919 89
$99,041 86
....
$50,000 00
$50,000 00
$50,000 00
1,211 08
3,449 18
7,391 39
33,234 85
45,576 25
33,095 51
5,604 80
7,760 95
S ilv er c o in ................. ........................................
T o ta ls..................................................................
50 00
L ia b ilities.
C ap ital sto ck paid in .....................................
Su rp lus fu n d ...................................................................................................
U n d iv id ed profits...........................................................................................
D iv id en d s u n p a id .......................... ...............................................................
In d iv id u a l d ep o sits su b ject to c h e c k ............................................... .
C ertificates o f d e p o s it...........................................
..........
D u e to b a n k s a nd b a n k e rs.............. ........................................................
4,213 55
289 66
C ertified c h e c k s................. ............................................................
C ash ier’s ch eck s o u tsta n d in g ..................................................
2,397 27
794 01
S a v in g s d e p o sits............................................................
N o tes an d b ills re-d isco u n te d ...................................................
B ills p a y a b le ......................................................................
T o ta ls .................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$91,056 75
$104,919 89
$99,041 86
*
THE BANKING DEPARTMENT.
81
No. 22.
F A R M E R S ’ BA N K , MASON.
O rganized J u n e 7, 1886.
M . D. C h a t t e r t o n , P resident; L. C. W e b b , Vice President ; J . M. D r e s s e r , Cashier.
D ir e c t o r s —J. M. D resser, J. C. C annon, Jno. B. D w in e ll, H arper R eed , D . P . W h itm o r e, Geo. W .
B risto l, H . M . W illia m s, L ew is C. W ebb, M ason D . C hatterton .
R eso u rces.
L oans a n d d is c o u n ts ........ ........ .......... __.................... .
S to ck s, bon d s a n d m o r tg a g e s .......................................
O v e r d r a fts ................................................................
D u e fro m b a n k s in r eserv e c itie s ....... .........................
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
$133,863 44
$150,025 46
$147,683 71
$145,599 97
16,130 00
16,960 16
20,228 00
16,028 33
671 07
233 96
347 26
12 51
10,012 04
11,965 48
13,332 99
14,263 53
D u e fro m o th er b a n k s a n d b a n k e rs............................
315 00
B a n k in g h o u s e .....................................................................
F u rn itu r e an d fix tu r e s ............... ......................................
1,300 00
1,300 00
33 44
41 70
C hecks a n d c a sh ite m s ......................................................
21 46
1,014 62
278 90
N ic k e ls a n d p e n n ies......... ............... ................................
82 63
63 46
53 23
37 48
G old co in _____ __________________________________
3,162 50
2,865 00
1,785 00
1,605 00
1,300 00
1,300 00
O th er r ea l e s t a te ............................................................ .
C urren t ex p en ses a n d ta x e s p a id ..................... ..........
690 40
In te r e st p a i d .........................................................................
E x ch a n g e s fo r clea rin g h o u se ........................................
1,230 86
S ilv e r c o in ...............................................................................
283 90
781 35
1,426 85
1,485 40
U . S. a n d N a tio n a l ban k n o tes ...................................
5,662 00
5,093 00
1,416 00
6,377 00
T o ta ls ............................ ..................................................
$170,212 48
$190,344 19
$188,166 94
$188,630 48
$75,000 00
$75,000 00
$75,000 00
$75,000 00
500 00
500 00
500 00
8,882 48
6,127 94
7,587 29
10,412 00
53,773 99
55,205 91
52,377 73
44,998 55
L ia b ilitie s.
C a p ita l sto c k p a id i n . . ......................................... ............
S u rp lu s fu n d ........................ ................................................
U n d iv id ed p rofits................................................... ............
D iv id en d s u n p a id ..............................................................
In d iv id u a l deposits, su b je c t to c h e c k ........ ................
C ertifica tes o f d e p o sit............................................. ........
28,451 47
40,405 80
42,822 31
f 46,219 93
4,104 54
13,104 54
9,879 61
11,500 00
$170,212 48
$190,344 19
$188,166 94
$188,630 48
D ue to b a n k s a nd b a n k e r s .............................................
C ertified c h e c k s ........................................... ............... .......
C a sh ier’s c h e ck s o u tsta n d in g ..................................
S a v in g s d e p o s its ________________________________
N o te s a nd b ills r e -d isc o u n te d ___________________
B ills p a y a b le ..................... ....................................................
T otals
____________ _________________________
11
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
82
REPORT OF THE COMMISSIONER OF
No. —.
M ID L A N D C O U N T Y SA V IN G -S B A N K , M ID L A N D .
O rganized Septem ber 10, 1886.
W i l l ia m P a t r i c k ,^President ; M a x A n d e r s o n , Vice President ; M il t o n P . A n d e r s o n , Treasurer.
D ir e c t o r s —George P eck , W m . P a trick , M ax A nderson , M . P . A n d erson , G eorge R ich n ell,
W m . R iardon, W . D. M arsh.
Report of
May 13.
R eso u rces.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d isco u n ts_____________________________
$27,511 IS
$33,397 89
$37,069 24
$36,609 12
Stacks., honds and m o r tg a g e s______ ___ ______ ____
7,316 66
6,601 66
9,800 47
11,250 47
951 42
1,150 59
O verdrafts
- - ____________________ -----
]f)no from h a n k s in reserv e c itie s _____ __________
1,039 88
395 88
2,768 22
1,650 24
Due
1,875 46
2,128 72
1,514 93
1,272 27
862 00
862 00
862 00
862 00
O nrrent ex p en ses a nd ta x e s p a id _____- ......... ..........
170 77
83 75
406 00
668 00
In te r e st p aid
152 08
833 08
frn m
o th er h a n k s a.nd h a n k e rs............................
B a n k in g hm ise
--
___
____
F u rn itu r e and fix tu r e s _______________ ____ - _____
o th e r real e sta te
_
r
____ ___________________
___ ____________________
E x ch a n g e s for clea rin g h o u se
2,150 82
1,566 78
282 49
_______________________
10 05
10 02
88
16 81
_________ ____ ______________________
213 00
362 00
162 50
400 00
C h eck s a,nd c a sh ite m s
"Nickels and p e n n ie s ____
G old coin
65 00
216 00
96 78
166 00
U n ited S ta te s a nd N a tio n a l b a n k n o te s ....................
2,216 17
2,200 00
1,424 00
2,770 00
T o t a ls _______________________________ _____ ___
$43,583 07
$47,824 70
855,338 93
$57,648 58
$25,000 00
S ilv er c o i n _______ __ _______ ____ _
__________
L ia b ilitie s.
. $10,000 00
$15,000 00
825,000 00
Su rp lus fu n d _____________________________________
400 00
500 00
500 00
500 00
U n d iv id ed p r o fits________________________________
866 70
282 74
1,088 51
1,620 89
In d iv id u a l dep osits su b je c t to c h e c k _____________
10,303 89
7,933 75
11,692 54
11,565 65
C ertifica tes o f d e p o s it............. ........ _..............................
10,350 95
9,474 34
8,166 28
8,582 05
S a v in g s d e p o s it s _________________ _____ _________
8,661 53
8,500 00
8,891 60
10,379 99
N o te s and h ills re-d isco n n ted
3,000 00
6,000 00
$43,583 05
$47,824 17
855,338 93
857,648 58
C ap ital sto c k paid i n ____________________________
133 34
d iv id e n d s un p aid
O ne to h a n k s and ha/nkers
C ertified c h e c k s ___________ _____________________ ..
O ashier’s ch e ck s o u tsta n d in g
B ills payH,hie
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
__
___
_________________________
________________ _________________
83
T H E BANKING DEPARTMENT,
No. 13.
S T A T E B A N K O F M ID L A N D , M ID L A N D .
O rganized Sep tem b er 1, 1883.
M. P . A n d e r s o n , President ; M a x A n d e r s o n , Vice President ; W » . D . M a r s h , Cashier.
D ir e c t o r s —W . P a trick , W . D . M arsb, M ax A nderson , C has. B row n, W . R iardon, M. P . A n d erson .
R eport of
M a y 13.
R eport of
J u l y 13.
R eport o f
S e p t. 30.
$ 1 1 1 ,9 3 5 48
$ 1 0 7 ,1 6 6 15
$ 1 0 6 ,2 5 8 90
O v erd ra fts...................................................
1 ,4 3 6 25
435 67
3 7 9 60
D u e from b a n k s in reserv e c itie s ___
5 3 8 96
78 3 3
2 ,3 2 7 84
2 0 0 73
D u e fro m o th er ban k s a nd b a n k e rs.
1 ,3 5 6 47
1 ,0 8 9 74
256 96
3 ,3 1 8 1 0
B a n k in g h o u se...........................................
3 ,0 0 0 00
3 ,0 0 0 0 0
3 ,0 0 0 00
F u rn itu re an d fix tu r es...........................
1 ,5 5 0 66
1 ,5 5 0 66
1 ,5 5 0 66
R esources.
L oans a nd d is c o u n ts ..............................
S tock s, bonds and m o rtg a g es..............
9 7 ,6 8 9 35
3 ,0 0 0 00
O th er r ea l e s t a t e ................................. ..
C urren t ex p en ses a n d ta x e s p a id ___
R eport o f
D e c . 11.
1 ,3 2 5 43
1 ,5 5 0 6 6
3 ,0 0 0 00
1 ,0 1 1 98
2 0 9 92
703 5 5
C h eck s an d c a sh ite m s..........................
703 00
1 ,3 5 9 06
1 ,0 8 3 49
N ic k e ls a nd p en n ies................................
77 0 0
81 20
8 2 49
6 19
G old c o i n .....................................................
900 00
5 0 0 00
1 6 5 00
7 5 00
1 ,3 1 5 79
I n te r e s t p a i d .............................................
E x ch a n g e s fo r c le a rin g h o u se ............
677 64
5 4 12
S ilv e r c o in ..................... .............................
1 6 3 50
300 00
125 50
4 9 60
U . S. a nd N a tio n a l ban k n o te s ...........
3 ,6 8 3 00
1 ,8 0 0 0 0
1 ,2 6 8 00
1,200 00
$ 1 2 6 ,2 5 5 3 0
$ 1 1 7 ,5 7 0 6 3
$ 1 1 7 ,2 0 1 99
$ 1 1 3 ,3 6 2 61
C a p ita l sto ck paid i n . . ..............................
$ 5 0 ,0 0 0 00
$ 5 0 ,0 0 0 00
$ 5 0 ,0 0 0 0 0
5 0 ,0 0 0 0 0
S u rp lu s f u n d .................................................
4 ,5 0 0 00
5 ,0 0 0 0 0
5 ,0 0 0 00
5 ,0 0 0 00
U n d iv id e d profits.........................................
3 ,2 0 0 39
1 ,0 5 3 55
2 ,8 9 2 61
4 ,1 5 9 79
D iv id en d s u n p a id ........................................
2 4 0 00
1,200 00
In d iv id u a l deposits, su b je c t to c h e c k .
2 9 ,4 1 4 5 2
1 9 ,1 4 4 26
1 9 ,6 3 7 71
2 0 ,2 7 4 2 5
C ertifica tes o f d e p o sit..............................
2 2 ,1 5 9 37
2 0 ,7 3 3 29
2 0 ,9 9 6 08
1 2 ,8 0 6 83
D u e to b a n k s a nd b a n k e rs......................
2 ,9 5 6 96
3 ,7 6 5 09
9 2 5 01
1 ,0 0 7 93
1 3 ,7 8 4 06
16 ,6 7 4 44
1 7 ,7 5 0 58
2 0 ,1 1 3 81
$ 1 2 6 ,2 5 5 30
$ 1 1 7 ,5 7 0 6 3
$ 1 1 7 ,2 0 1 9 9
$ 1 1 3 ,3 6 2 6 1
T o ta ls .
L ia b ilities.
C ertified c h e c k s ............................................
C a sh ier’s ch e ck s o u t s ta n d in g ................
S a v in g s d ep o sits...........................................
N o tes a nd b ills r e-d isco u n te d ................
B ills p a y a b le .................................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84
REPOET OF THE COMMISSIONER OF
No. 77.
F A R M E R S A N D M E R C H A N T S ’ B A N K O F M IL A N ,
M IL A N .
*
O rganized D ecem b er 31,1889.
M e l l B a r n e s , P resident; W . H . W h i t m a r s h , Vice P resident; T. W . B a r n e s , Cashier.
D ir e c t o r s —W - H . W h itm a r sh , C. H. W ilso n , M ell B arn es, W m . C .’R e ev e s, T. W . B arn es.
Report of
May 13.
R esources.
Report of
Sept. 30.
Report of
July 12.
L oans a,nd disc,m ints _ ___ _________ ____ ________
S tock s, bonds a nd m o r t g a g e s ___________________
O v erd ra fts
_ _____
_______________ ____
O ne from h a n k s in reserv e c itie s
O ne from o th er h a n k s and h a n k e r s ...........................
B a n k in g h o u se _____________ ________ ____ _____
F u rn itu re and fix tu r es
_____ __________________
O th er rea l e s t a t e ............. ...................................................
O nrrent exp en ses and ta x e s p a id _______________
In te r est p a i d ...................................................... ................
E x ch a n g e s fo r c le a rin g h o u se ___________________
C hecks a nd c a sh ite m s ______________ ____ _______
N ic k e ls a n d p e n n ies_________________________ ____
G old c o in ______________________ _________________
S ilv e r c o in ......................... ............................................ .........
U . S. a nd N a tio n a l ban k n o te s ................... _................
T o ta ls
.......................................... .................................
L ia b ilitie s.
C a p ita l sto ck p aid in ____________________________
Su rp lus fu n d ____________________________________
U n d iv id e d p ro fits................................................................
D iv id e n d s u n p a id ____________ _________ ___ . . . ___
I n d iv id u a l d ep o sits, su b ject to c h e c k ........................
C ertificates o f d e p o s it ......................................................
D u e to b a n k s a nd b a n k ers
__________
C ertified c h e c k s ....................................................................
C a sh ier’s ch e ck s o u tsta n d in g ___________________
S a v in g s d e p o s it s .............................. .................................
N o te s a nd b ills r e -d isc o u n te d .......................................
B ills p a y a b le ......................................................................
T otals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t
Report of
Dec. 11.
85
THE BANKING DEPARTMENT,
No. 88.
M IL F O R D ST A T E B A N K , M IL F O R D .
O rganized O ctober 23, 1886.
A . C. O r v i s , P resident; J n o . W i l h e l m , Vice President; S. H . W i l h e l m Cashier;
A . D . W e b b , Ass't Cashier.
D i r e Ct o r S - J . W . B egole, Jno. C arter, J n o . W ilh e lm , A . C. Orvis, S. S. W ilb e lm . Jas. H . C u m m in s,
S. H . W ilh elm .
R esources.
L oans a nd d is c o u n t s ..............................
Report of
May 13.
R e p o r t of
J u l y 12.
R eport of
S e p t. 3 0 .
R eport of
D e c . 11.
$144,806 96
$ 1 5 0 ,5 4 7 8 0
$153,741 18
$161,692 53
S to ck s, bon d s a n d m o rtg a g es.............
O v erd ra fts...................................................
2,777 11
3,294 39
2,606 49
1,756 27
D u e fro m b a n k s in reserv e c itie s —
10,341 07
16,359 36
5,118 98
9,385 21
2.500 00
2.500 00
2.500 CO
2.500 00
1.500 00
1.500 00
1.500 00
1.500 00
849 11
102 07
682 66
1,071 08
C h eck s a n d c a sh ite m s ..........................
1,656 43
1,247 79
809 25
1,453 54
N ic k e ls a n d p e n n ies................................
61 27
34 86
22 97
36 77
O old co in ......................................................
3,072 50
2,602 50
1,325 00
1,077 50
S ilv e r c o in ...................................................
1,237 00
1,410 70
18 35
38 55
U . S, an d N a tio n a l b a n k n o tes...........
9,011 00
9,030 00
4,732 00
4,006 00
$177,812 45
6188,629 47
8 1 7 3 ,0 5 6 88
$ 1 8 4 ,5 1 7 4 5
C a p ita l stock p aid in ..................................
$50,000 00
50,000 00
50,000 00
50,000 00
Su rp lus f u n d ..........- .....................................
2,500 00
3,000 00
3,000 00
3,000 00
U n d iv id e d profits.........................................
1,075 37
311 12
1,816 55
2,932 49
452 00
40 00
40 00
D u e fro m o th er b a n k s and b a n k ers.
B a n k in g h o u s e ..........................................
F u rn itu r e an d fix tu r es..........................
O ther rea l e s t a te ......................................
C urren t ex p en ses a nd ta x e s p aid . . .
In te r e s t p a id ...............................................
E x c h a n g e s fo r clea rin g h o u se ..........
Totals..
L ia b ilitie s.
D iv id en d s u n p a id .........................................
I n d iv id u a l d ep o sits, su b je c t to c h e c k .
41,394 21
43,276 25
36,656 59
40,097 19
C ertifica tes o f d e p o sit..............................
64,268 69
73,962 08
59,703 78
57,647 65
D u e to ban k s a nd b a n k e rs.......................
2,574 18
50 00
50 00
1,393 60
N o tes a nd b ills re-d isco u n te d ...............
14,000 00
15,578 02
19,789 96
27,406 52
B ills p a y a b le..................................................
2,000 00
2,000 00
2,OCO 00
2,000 00
$177,812 45
$188,629 47
$173,056 88
$184,517 45
C ertified c h e c k s ...........................................
C a sh ier’s ch eck s o u tsta n d in g .................
S a v in g s d ep o sits...........................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
86
REPORT OF THE COMMISSIONER OF
No. 51.
MOUNT C L E M E N S S A V IN G S B A N K , MOUNT C L EM EN S.
' O rganized M ay 30, 1877.
O l iv e r C h a p a t o n , P resident; J o h n O t t o , Vice P resident; G e o . A . S k i n n e r , Cashier;
D ir e c t o r s —A . G reiner, F . G. K en d rick , W m . J. U llr ic h , C has. D. C ritten d en , T. L u n gersh au sen ,
J n o. R ask app, Jno. O tto, O liver C hapaton.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 1 1 .
L oans a nd d isc o u n ts...............................
$281,389 94
$251,112 31
$260,608 47
$274,822 79
S to ck s, bon ds a n d m o rtg a g es.............
83,692 00
81,002 21
80,018 00
90,363,80
--
255 03
841 36
699 69
982 77
D u e fro m b a n k s in reserv e c itie s ___
32,576 58
53,415 17
46,656 15
35,466 11
B a n k in g h o u se...........................................
10,000 00
10,000 00
10,000 00
10,000 00
F u rn itu re and fix tu r es...........................
3,400 00
3,400 00
3,400 00
3,400 00
R eso u rces.
O v e r d r a fts-.........................................
D u e from o th er h a n k s a n d h a n k e r s.
O ther rea l e s t a t e .....................................
C urren t ex p en ses a nd ta x e s p a id ___
1,159 23
I n te r e st p a id ...............................................
83 55
753 54
1,357 45
149 13
3,094 90
4,476 36
669 46
E x ch a n g e s fo r c le a r in g h o u se ............
C hecks a n d c a sh ite m s ..........................
422 26
509 17
1,383 29
N ic k e ls a n d p e n n ies................................
30 71
22 70
77 77
67 77
G old co in ......................................................
1,500 00
5,535 00
11,975 00
16,375 00
1,760 00
504 00
1,655 00
26,973 00
35,568 00
28,157 00
19,683 00
8441,798 75
$443,398 60
8447,327 81
8459,319 51
C a p ita l sto c k paid in ..................................
850,000 00
$50,000 00
$50,000 00
$50,000 00
S u rp lu s f u n d .................................................
10 ,C00 00
10,000 00
10,000 00
10,000 00
U n d iv id e d profits.........................................
39,985 70
37,136 22
41,586 09
46,544 39
S ilv e r c o in ...................................................
U . S. an d N a tio n a l h an k n o tes...........
T o ta ls .
1,400 00
L ia b ilitie s.
660 00
D iv id e n d s u n p a id ........................................
I n d iv id u a l deposits, su b ject to c h e c k .
66,074 95
58,036 27
69,072 00
52,139 52
C ertifica tes o f d e p o sit..............................
183,978 63
189,908 29
178,592 72
199,950 32
91,759 47
97,657 82
98,077 00
100,685 28
8441,798 75
$443,398 60
$447,327 81
$459,319 51
D u e to banks a n d h a n k e rs.......................
C ertified c h e c k s...........................................
C a sh ier’s c h eck s o u tsta n d in g .................
S a v in g s d e p o sits......................................... .
N o te s an d b ills r e -d isc o u n te d ...............
B ills p a y a b le.....................—.......................
Totals..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
87
THE BANKING DEPARTMENT.
No. 70.
C O M M ER C IA L B A N K , M OUNT P L E A S A N T .
O rganized F eb ru a ry 20,1885.
A . W . W r i g h t , P resident; W . T. K n o w l t o n , Vice President ; J o h n A . H a r r is , Cashier.
D ir e c t o r s —M. D ev erea u x , W illia m N. B row n, J. H . H an ce, W . T. K n ow lton , A . W . W rig h t.
Report of
May 13.
R esources.
L oans and d is c o u n t s _______ __________ . ____ ____
Stock s, honds and m o rtg a g es
O verdrafts
#$161,781 99
Report of
Sept. 30.
Report of
Dec. 11.
8148,423 52
$141,585 17
8130,071 48
_________________
719 57
338 02
267 62
183 33
1,520 70
9,891 10
2,652 65
56 97
178 00
209 28
2,339 95
2,339 95
2,339 95
2,339 95
1,429 24
2,068 99
2,907 62
3,633 35
765 35
2,604 66
2,817 22
3,323 30
______
439 00
229 62
175 74
230 44
__ _______________ ____ ____
50 18
53 03
56 00
42 50
300 00
462 50
___ ____
___________ ____ _________
D ue from han k s in reserve c i t i e s _______________
D ue from o th er h a n k s and h a n k e r s ...... ...................
"Ranking h o u se
Report of
July 12.
.................... ............... ....................
F u rn itu re and fix tu r es
............................................
O th er real e sta te _____________________ - ___ _____
O nrrent e x p en ses and ta x e s p a id _______________
I n te r e st p a id ____________________________________
F x c h a n g e s fo r cleaning h o u se ............................ ..........
C h eck s and cash ite m s
N ic k e ls and p en n ies
C old co in
________
__________________________ ____ - ........
S ilv e r c o in ______________________ ___________ ____
793 03
500 00
195 00
471 00
U . S. a n d N a tio n a l ban k n o te s __________ ____ ____
7,179 00
6,093 00
2,389 00
1,692 00
T o ta ls _______________________________________
$180,021 01
8172,719 89
$155,895 25
$142,506 82
$50,000 00
L ia b ilitie s.
C apital sto ck paid i n ____________________ ________
Su rp lus fu n d
$50,000 00
$50,000 00
$50,000 00
_____________
13,500 00
13,500 00
13,500 00
13,500 00
_____________________ ______
4,161 76
7,860 15
9,782 32
11,601 51
__________________
U nd ivid ed profits
D iv id en d s u n p aid . _ ______________ ____ _________ _
T ndividual d ep osits, subject, to c h e ck ____________
38,466 96
31,624 26
20,282 18
12,160 73
C ertificates o f d ep o sit___________________________
29,051 62 •
27,271 25
27,482 92
23,720 02
D u e to h a n k s and h a n k e rs_______________________
98 15
1,469 15
C ertified c h e c k s _____- .................... ............ ......................
C ash ier’s ch eck s o u tsta n d in g ________ ____ ______
S a v in g s d e p o s its _______________________ ____ ____
N o tes a nd b ills r e -d isc o u n te d ________ ____ ______
44,742 52
42,464 23
34,847 83
30,055 41
$180,021 01
$172,719 89
$155,895 25
$142,506 82
B ills p a y a b le ____________________________________
T o t a l s ______________________ - - - - - - ......... ............
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
88
REPORT OF THE COMMISSIONER OF
No. 74.
P E O P L E ’S S A V I N G S B A N K , M O U N T P L E A S A N T .
O rganized A p r il 11, 1888.
A n s e l T y l e r , President; H e n r y D tjttm an , Vice P residen t ; J o h n F . R y a n , Cashier.
D ir e c t o r s —J. A . C row ley, W m . N . B row n, F rank M cN am ara, F r a n k A . Sw een ey, H e n r y D iittm a n ,
A n sel T y ler, A m a sa R u st.
R esources.
L oans and d isc o u n ts...................................
S tock s, bonds an d m o r tg a g e s ................................
O v erd ra fts.....................................................................
D u e fro m ban k s in reserv e c itie s .....................
D u e fro m oth er b a n k s a nd b a n k ers....................
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
812,523 07
$13,034 02
$11,815 02
$10,068 37
42,383 13
51,088 26
54.706 77
58,978 51
DO 82
195 27
245 89
103 67
1,741 86
3,965 57
5,957 76
1,263 32
22,377 92
19,055 47
16.707 85
9,217 20
302 27
302 27
302 27
315 47
2,445 19
1,344 17
2,149 79
2,775 20
22 76
830 21
B a n k in g h o u s e ......................................................
F u rn itu r e a nd fix tu res ......................................
O ther r ea l e s ta te .....................................................
C urren t e x p en ses a nd ta x e s p a id .................................
In te r est paid...............................................................
56 55
E x ch a n g e s for c le a rin g h o u se.............................
C hecks a nd ca sh it e m s ......................................
263 84
3,659 35
N ic k e ls a nd p e n n ie s ...............................................
Gold c o in ........................................................
S ilv er c o in ........................................................
U . S. a nd N a tio n a l ban k n o tes...............................
T o ta ls ....................................................
50 00
1,254 29
837 21
1,378 71
15 36
13 70
21 25
42 50
40 00
355 00
59 92
216 75
35 00
176 48
1,646 00
2,096 00
1,468 00
1,651 00
887,355 08
$92,192 85
895,107 36
$87,009 97
$50,000 00
$50,000 00
$50,000 00
850,000 00
500 00
500 00
500 00
1,391 68
98 85
1,271 96
3,538 11
3,679 66
10,383 24
14,138 44
7,597 88
32,283 74
31,210 76
29,196 96
25,373 98
887,355 08
$92,192 85
$95,107 36
$87,009 97
L ia b ilities.
C ap ital sto ck paid in ......................................................
S u rp lu s fu n d .......................................................................
U n d iv id e d profits............................................................
D iv id en d s u n p a id ............... .............. ................................
I n d iv id u a l d ep osits, su b ject to c h e ck .........................
C ertificates o f d ep o sit................................................
D u e to ban k s a nd b a n k e rs..............................................
C ertified c h e c k s ...................... ........... .............................
C ash ier’s ch eck s o u tsta n d in g .......................................
Sa v in g s d ep o sits.................................................................
N o tes and b ills r e-d isco u n te d .......................... ...........
B ills p a y a b le ............................ ............................................
T o ta ls..............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
89
THE BANKING DEPARTMENT.
No. 60.
M U SK E G -O N S A V I N G S B A N K , M U S K E G O N .
O rganized D ecem b er 1, 1887.
J . W . M o o n , P resident; C. H . H a c k l e y , Vice P resident; F . E . H a m m o n d , Cashier.
D ir e c t o r s —C. H . H a c k le y , J. W . M oon, J. A . M iller, G. R . S elk irk , R . E. B u n k er, N . F ried m an ,
W . S. W ood, Geo. H u m e, J. F . D en slo w , G. F . O u th w aite, J. C. L ew is, C. L. G unn,
L. C. G ilb ert, H . N . H o v ey , G u sta v M eeske, F. E . H am m ond.
R eso u rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dee. 11.
$174,792 83
$237,613 77
$253,673 55
$241,817 04
__
75,516 66
5,676 66
88,080 00
103,175 00
__________________________ ____ ___ _ _
359 85
25 66
236 04
115 15
O ne from h a n k s in reserv e c i t i e s ................................
16,523 93
37,546 41
52,049 21
25,297 99
2,676 60
2,689 32
2,689 32
1,303 23
3 82
2,089 34
2,794 58
247 44
24 57
356 08
Tjoans and d is c o u n ts ______________ ____ _____ ____
S to ck s, bon ds and m o r tg a g e s
O v erd ra fts
. _
126 25
Oil© from o th er h a n k s and h a n k ers
B a n k in g h ou se
F u rn itu r e and fix tu res . . . _______________________
2,676 60
O ther real e sta te
C urren t e x p en ses a nd ta x e s p a id .............. _................
In te r e s t paid
_______________________ ______ __
C h eck s and c a sh ite m s ,
_
__
_ ____ ..
N ic k e ls a n d p e n n ie s ______________ _____ - ..............
O-ol d coi n
_ __________________ ____ ______
1,615 75
6,600 00
1,620 26
U x ch a n g es fo r c le a rin g hon se
36 92
12 26
1,396 27
2,078 70
234 15
137 61
142 35
44 62
5,315 00
5,237 50
5,297 50
3,020 00
______ _______________________
907 00
1,265 80
3,089 00
1,468 60
TT. S. and N a tio n a l han k n o tes _________________
9,549 00
13,287 00
19,873 00
5,574 00
$289,058 21
$305,017 92
$429,654 09
$394,248 97
$50,000 00
$50,000 00
850,000 00
850,000 00
U n d iv id e d p r o f it s ._______________- ______________
6,335 35
4,363 05
9,758 40
14,329 83
I n d iv id u a l deposits, su b je c t to c h e c k ............. .......
49,620 20
40,003 09
149,716 79
94,004 93
C ertifica tes of d e p o sit___________________________
26,624 83
10,157 23
7,697 13
9,104 84
2,099 77
13,237 78
13 77
52
29 80
154,378 06
187,243 00
212,481 25
225,101 86
S ilv er coin
T o ta ls
_
„ ___________ ________________ ______
L ia b ilitie s.
C a p ita l sto c k p aid i n ____________________________
S u rp lu s fund
O ne to h a n k s and h an kers
C a sh ie r ’s c h e ck s o u tsta n d in g
_ _ ____
S a v in g s d e p o s it s ____ ______ ________ . _____ - ..........
13 06
1,664 65
N o te s a nd h ills re-discou nted
T otal s
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
..........................................
8289,058 21
$305,017 92
$429,654 09
$394,248 97
______
90
REPORT OF THE COMMISSIONER OF
No. 19.
F A R M E R S A ND M E R C H A N T S ’ B A N K , N A S H V IL L E .
O rganized D ecem b er 15,1888.
O. D. B e e b e , P residen t; G. A . T r u m a n , Vice P residen t; C. A . H o u g h , Cashier.
D ir e c t o r s —L. E . K nap pen, N . A . F u lle r, G. A . T ru m an, W . H . K le in h a n s, H. R . D ick erson ,
0 . W . S m ith , 0 . D . B eebe.
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans and d is c o u n ts ________________________ ____
823,811 52
$31,612 08
$46,856 04
$55,335 12
S to ck s, bonds a nd m o rtg a g es.........................................
2,850 00
3,750 00
3,750 00
3,750 00
D u e fro m b a n k s in reserv e c itie s ..................................
2,153 92
1,069 89
8,697 66
7,072 40
D u e fro m o th er b a n k s a nd b a n k ers _________ ..
1,765 29
502 40
490 00
291 87
1,048 44
1,060 54
1,061 79
1,073 79
716 74
200 59
586 94
865 85
70 82
178 16
345 85
N ic k e ls a nd p en n ies ..........................................................
33 95
30 76
14 43
12 75
G old c o in ................................................................................
835 00
195 00
200 00
1,230 00
O verd rafts
.......................................................................
B a n k in g h o u s e _____________________________ ____
F u rn itu r e and fix tu r es......................................................
O th er r ea l e s t a t e ....................................- ............................
C urren t e x p e n ses an d ta x e s p a i d ................................
I n te r e st p a id ...........................................................................
E x ch a n g e s fo r c le a rin g h o u s e ........................................
C hecks an d ca sh ite m s ......................................................
S ilv e r c o in ...............................................................................
750 00
89 00
552 00
293 25
U . S. a nd N a tio n a l ban k n o tes....................- ................
1,226 00
2,394 00
2,057 00
1,723 00
T o ta ls .................................................................................
$35,220 86
$40,975 08
$64,444 02
$71,983 88
$24,400 00
$28,000 00
$50,000 00
$50,000 00
100 00
100 00
100 00
1,247 29
55 16
618 17
2,139 70
I n d iv id u a l d ep osits, su b je c t to c h e c k .......................
7,116 00
7,298 37
7,782 02
9,834 41
C ertifica tes o f d e p o sit.......................................................
2,261 26
4,036 56
5,922 20
9,888 14
D u e to b a n k s a n d b a n k e rs...............................................
196 31
836 34
L ia b ilitie s.
C a p ita l sto c k p aid in ..........................................................
S u rp lu s f u n d .......................................................................
U n d iv id e d profits..............................................
D iv id e n d s u n p a id ................................................................
648 65
21 63
C ertified c h e c k s .................................. ................................
C ash ier’s ch e ck s o u tsta n d in g .......................................
21 63
S a v in g s d e p o sits...................................................................
N o tes a n d b ills r e-d isco u n te d ........................................
B ills p a y a b le .........................................................................
T o ta ls ..........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$35,220 86
840,975 08
$64,444 02
$71,983 88
91
THE BANKING DEPARTMENT,
No. 36.
T H E P IO N E E R B A N K , N O R T H B R A N C H .
O rganized J u ly 30, 1885. R eorgan ized O ctober 1, 1889.
F r e d e r ic k B. H o w a r d , President; A l b e r t S. S h o l e s , Vice P residen t; C. W . B a l l a r d , Cashier.
D ir e c t o r s —Geo. P eck , Geo. W . L atim er, F . B. H ow ard, C has. B a lla rd , A . B. W eston , C. W .
B a lla rd , A . S. Sh oles.
Report of
May 13.
R esou rces.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d isc o u n ts____________________________
145,710 33
$37,934 34
$32,295 86
$29,126 16
S to ck s, bon ds a nd m o rtg a g es.........................................
7,412 05
1,801 40
20,949 96
23,581 25
1,230 11
3,199 75
3,211 55
7,719 33
O verdrafts
D ue fro m b a n k s in reserve c itie s .................................
780 00
D u e fro m o th er ban k s an d b a n k e rs________
B a n k in g b o u s e __________________________________
3,072 28
3,072 28
3,072 28
3,072 28
F u rn itu r e an d fix tu r es......... ............ ...............................
1,300 39
1,300 39
1,300 39
1,300 39
O ther real e sta te ......... ................................
C urren t e x p e n ses a n d ta x e s p a id ................................
1,854 06
In te r est p a id ________ ___________ _________ _____
P ro fit and lo ss__________________ ______ _____
92 81
437 39
884 25
70 98
139 08
248 81
5,842 32
5,842 32
1 50
1,342 29
C hecks a n d c a sh ite m s............. ........................................
23 20
N ic k e ls a n d p en n ies___________ _________________
25 93
21 24
40 67
88 46
G old c o in ................................................................................
150 00
760 00
270 00
1,067 50
122 45
725 50
399 90
415 00
U . S. a n d N a tio n a l ban k n o tes......................................
1,615 00
3,292 00
1,380 00
1,338 00
T o ta ls ........„.....................................................................
$62,515 80
$58,113 01
$70,120 90
$70,183 72
$41,250 00
$41,250 00
$50,000 00
$44,588 00
3,659 73
183 46
1,144 60
2,613 70
3,323 57
3,964 95
5,007 12
8,621 14
13,128 55
12,605 29
12,969 18
14,360 88
153 95
109 31
S ilv er c o in ___________________________
L ia b ilities.
C apital sto ck paid i n ....................... .................................
Su rp lus fund
1,000 00
U n d iv id ed p rofits................................
D iv id e n d s un paid
_ __
In d iv id u a l deposits, su b ject to c h e c k ...... ..................
C ertificates of d e p o sit......................................................
D u e to han k s and h an kers
C ertified ch e ck s _
C ash ier’s ch e ck s o u tsta n d in g
S a v in g s deposits
N o tes and h ills re-d isco u n te d ______
R ills p a y a b le __________________________
T o ta ls _______________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,000 00
______
863,515 80
$58,113 01
$70,120 90
$70,183 72
92
REPORT OF THE COMMISSIONER OF
No. 20.
IOSCO C O U N TY SAVING-S B A N K , OSCODA.
O rganized M ay 15, 1889.
R o b e r t K . G o w A N L O C K jP resid en t; W m , Y . P e n o y a r , Vice President; W a l t e r L . C u r t is s , Cashier.
D ir e c t o r s —Green P a c k , W m . V . P en o y a r, R . K . G ow anlock, J u lie n V . O’B rien , Jno. C. G ram ,
C has. R. H en ry , D o n a ld A . M cD on ald.
R esou rces.
L oans a n d d isc o u n ts............................................................................. .......
Report of
July 12.
$62,114 04
S to ck s, bonds a nd m o r tg a g e s....................................................... .........
Report of
Sept. 30.
Report of
Dec. 11.
$129,273 49
8182,560 63
12,476 28
15,638 83
O v e r d r a fts .........................- ............................................................................
318 73
856 66
570 83
D ue fro m ban k s in reserv e c i t i e s .........................................................
7,857 73
8,356 84
3,856 03
B a n k in g h o u se ................................................................................................
1,579 07
3,520 26
3,700 28
F u rn itu r e an d fix tu r es.................... .............................................. ._.........
350 00
379 00
423 85
946 95
1,505 75
2,140 92
D u e fro m oth er b a n k s a nd b a n k ers......................................................
O th er rea l e s t a te ................... ........................................................................
C urren t ex p en ses an d ta x e s p a id ..........................................................
In te r est p a id ...................................................................................................
439 50
E x ch a n g es for clea rin g h o u se .................................................................
C h eck s an d ca sh ite m s...............................................................................
93 42
2,062 31
N ic k e ls a n d p e n n ie s ....................................................................................
31 57
5 57
3 77
G old c o in .................................................................. r ......................................
645 00
1,175 00
550 00
278 72
S ilv er c o in .......................................................... ..............................................
723 70
259 30
260 45
U . S. a nd N a tio n a l b a n k n o tes ..............................................................
14,716 00
3,371 00
9,437 00
T o ta ls...........................................................................................................
889,376 21
$163,241 46
$219,860 81
$37,630 00
844,760 00
850,000 00
1,067 09
3,499 50
5,899 03
L ia b ilities.
C a p ita l sto ck paid in ....................................................................................
Su rp lus fu n d ...............................................................................................
U n d iv id e d profits............ ....................................................
D iv id en d s u n p a id ........................................................................
In d iv id u a l dep osits su b ject to c h e c k ...................................................
30,406 29
48,872 90
57,274 82
C ertifica tes o f d e p o s it................................................................................
5,207 28
14,849 59
17,367 87
D u e to b a n k s a nd b a n k ers........................................................................
1,864 35
2,623 82
1,397 35
S a v in g s d e p o sits.................................................................
4,850 22
32,903 52
44,859 30
N o tes an d b ills r e -d is c o u n te d ......................................
8,350 98
15,732 13
43,062 44
889,376 21
$163,241 46
$219,860 81
C ertified c h e c k s ___________ _______
C a sh ier’s ch e ck s o u tsta n d in g .......................................
B ills p a y a b le ..........................................................
T o ta ls..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
93
THE BANKING DEPARTMENT.
No. 34.
\
OXFORD S A Y IN G S B A N K , O XFORD.
O rganized J u n e 12, 1884.
W m . J . T u n s t e a d , P residen t; A l e . H a g e r m a n , Vice P residen t; C l a r e n c e E. S t a n t o n , Cashier.
D ir e c t o r s —J . C. P redm ore, A lle n H osm er, L. W . S tan ton , Jno. D. H agerm an , C has. P . T u n ste a d ,
N . H . C raw ford, A lf. H a g erm an , W m . J . T u n stea d .
R eso u rces.
Report of
Report of
Report of
Report of
May 13.
July 12.
Sept. 30.
D ec. 11.
L oans a n d d isc o u n ts..............................
39,441 73
$41,896 94
$52,827 74
46,515 45
S to ck s, bon ds a nd m o r tg a g e s.............
1,700 00
1,710 00
1,710 00
1,710 00
O v erd ra fts.......... - ................................. - - -
91 04
6 11
6 77
7 34
8,230 70
5,717 18
2,595 67
8,176 93
54 19
5,933 63
204 08
1,000 00
1,000 00
1,000 00
1,000 00
C urren t ex p en ses a nd ta x e s paid . . .
608 98
11 15
593 03
1,006 83
I n te r e st p a id ...............................................
143 48
83
57 92
85 41
C heck a n d ca sh ite m s ..........................
5 00
17 63
N ic k e ls a n d p e n n ie s ..............................
145 00
26 14
65 49
113 56
H old c o in ................................................... .
882 50
467 50
402 50
982 50
S ilv e r c o in ...................................................
293 84
1,139 33
196 80
949 30
U . S. a n d N a tio n a l ban k n o te s ..........
1,614 00
3,625 00
3,690 00
1,053 00
854,210 46
1,551 44
3,418 88
862,173 31
$25,000 00
$25,000 00
$25,000 00
$25,000 00
2,600 00
3,200 00
3,200 00
3,200 00
2,158 65
319 31
1,395 23
2,560 63
D iv id e n d s u n p a id ........................................
180 00
840 00
In d iv id u a l d ep o sits, su b je c t to c h e c k .
12,122 09
16,319 96
12,627 12
14,741 28
C ertifica tes o f d ep o sit................................
12,149 72
15,355 92
14,955 12
14,866 07
516 25
6,241 41
1,805 33
,551 44
3,418 88
3,173 31
D u e fro m b a n k s in reserv e c itie s —
D ue fro m oth er ban k s a nd b a n k e rs.
B a n k in g h o u se ..........................................
F u rn itu r e an d fix tu r e s ...........................
O ther r e a l e s t a te ......................................
E x ch a n g e s for c le a rin g h o u s e ...........
T o ta ls .
572 99
L ia b ilitie s.
C a p ita l sto ck p aid in ..................................
S u rp lu s fu n d ............... ................................
U n d iv id e d p rofits........................................
D u e to b a n k s a n d b a n k e rs.......................
C ertified c h e c k s ............ ...............................
C ash ier’s ch eck s o u tsta n d in g ...............
S a v in g s d ep o sits...........................................
N o te s an d h ills r e - d i s c o u n t e d . ........
B ills p a y a b le ................................................
T o ta ls .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$54,210 46
94
REPORT OF THE COMMISSIONER OF
No. 59.
P A W P A W S A V IN G S B A N K , P A W PA W .
O rganized M ay 10, 1886.
F. W . S e l l ic k :, P resident; E. A . C r a n e , Vice P residen t; J n o . W. F r e e , Cashier.
D i r e c t o r s —E. A . C rane, Jno. L y le, Geo. E . B reck , W . R. S e llic k , W . M. L y le, F . W . S e llic k , Jn o.
W . Free, W m . J. S e llic k .
R esources.
Report of
May 13.
Report of
July 13.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n ts ............. .................
1101,563 07
895,563 40
880,126 44
879,672 50
S to ck s, bonds a n d m o r tg a g e s ............
16,710 53
16,159 96
16,009 96
15,434 96
O v erd ra fts...................................................
1.606 99
1,267 21
1,378 12
701 58
D u e fro m b a n k s in reserv e c itie s . . .
3,153 09
2,772 11
3,612 56
10,564 53
D ue from o th er ban k s and b a n k e rs.
10,337 65
18,619 29
6,500 00
B a n k in g h o u se ..........................................
F u rn itu re an d fix tu r es...........................
3,979 89
2,979 89
2,996 62
2,996 62
836 46
1,475 46
1,888 75
162 18
C h eck s a nd c a sh ite m s ..........................
140 00
100 00
945 20
324 46
N ic k e ls a nd p e n n ie s ..............................
35 46
100 95
30 50
26 40
G old c o in .................................... ................
1,000 00
1,300 00
1,000 00
1,000 00
S ilv e r c o in ...................................................
425 50
386 54
36 03
345 50
U . S. a nd N a tio n a l b a n k n o te s ..........
2,616 26
3,825 00
1,905 00
3,360 16
$140,393 90
8125,930 55
$128,548 47
8121,088 89
C a p ita l sto c k p a id in ..................................
$50,000 00
$50,000 00
850,000 00
$50,000 00
S u rp lu s fu n d .................................................
955 70
955 70
955 70
955 70
U n d iv id e d profits.........................................
732 57
64 31
1,735 77
717 71
I n d iv id u a l deposits, su b ject to c h e c k .
31,356 63
27,356 34
23,903 99
18,780 80
C ertifica tes o f d ep o sit................................
51,963 43
47,187 70
42,402 51
44,494 22
4,550 50
6,140 46
O th er r ea l e s t a te ......................................
C urren t ex p en ses and ta x e s paid . . .
In te r e st p a id .............................................
E x ch a n g es fo r clea rin g h o u se ............
T o ta ls .
L ia b ilitie s.
D iv id e n d s u n p a id ........................................
D u e to ban k s a n d b a n k e rs.......................
366 50
C ertified c h e c k s ............................................
C a sh ier’s ch e ck s o u tsta n d in g ............. ..
S a v in g s dep osit..............................................
5,385 57
N o te s an d b ills r e -d isc o u n te d ...............
B ills p a y a b le .................................................
T o ta ls.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5,000 00
$140,393 90
$125,930 55
$128,548 47
$121,088 89
95
THE BANKING DEPARTMENT.
No. 75.
T H E C O M M ER C IA L B A N K , P O R T H U R O N .
O rganized J a n u a ry 30,1883.
C h a s . A . W a r d , P residen t; W m . H a r t s u f f , Vice P resident; J o h n W . P o r t e r , Cashier.
D i r e c t o r s —-D. N . R u n n els, J. A . D onilson, S. L. R a lle n tin e , Jno. G. O’N e ill, W m . H artsu ff, C h a s.
A . W ard, W . F . B otsford.
R esources.
Report of
May 13.
Report of
July 13.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a nd d is c o u n ts .... .....................................................
$143,878 54
$169,899 37
$172,456 94
8168,378 36
S tock s, bonds an d m o rtg a g es__________ ____ _____
37,810 00
39,500 00
50,256 39
44,563 02
O v e r d r a fts............. ................................................................
613 63
537 13
295 29
77 26
D u e from ban k s in reserve c itie s .................................
34,731 09
11,789 70
27,979 92
16,617 07
331 25
288 45
214 88
1,693 00
1,693 00
1,693 00
400 00
700 00
700 00
180 10
1,091 05
1,904 89
D ue fro m oth er ban k s and b a n k e rs............................
B a n k in g h o u s e ______
_________________ ____ ____
F u rn itu re a nd fix tu r es......................................... ............
1,693 00
O th er rea l e s t a te _____________ __________ _______
C urren t e x p en ses a n d ta x e s p a id ..................................
1,538 61
In te r est p a id ...........................................................................
E x ch a n g e s for c le a rin g h o u se __________
______
1,024 23
1,623 44
613 43
2,328 03
1,500 50
C h eck s a nd c a sh i t e m s ....................................................
6,604 64
1,345 21
807 23
N ic k e ls an d p e n n ie s ____________________________
86 69
112 77
65 80
25 18
G old c o in _______________________________________
1,985 00
947 50
677 50
1,270 00
S ilv e r c o in ................. ................... ........................................
1,040 00
2,115 00
53 00
945 00
U . S. an d N a tio n a l ban k n o tes______________ ____
13,988 00
16,335 00
11,701 00
16,987 00
T o ta ls_______________________________________
$333,968 19
$245,065 93
$269,703 23
8258,827 63
$50,000 00
850,000 00
$50,000 00
$50,000 00
13,433 43
11,004 99
14,136 37
16,733 91
150 00
125 00
125 00
L ia b ilitie s.
C a p ita l sto ck paid i n .................................................... .....
Su rp lus fu n d ........................................................................
U n d iv id ed profits.................................................................
D iv id en d s un p aid __________ ____ _______________
In d iv id u a l dep osits, su b ject to c h e c k .........................
63,324 36
69,376 66
92,729 70
68,142 31
C ertifica tes o f d e p o sit................................ .....................
34,075 01
36,426 86
27,705 84
28,581 09
356 73
3,704 44
83,979 76
74,402 98
85,006 32
84,897 73
$333,968 19
$245,065 93
$269,703 23
$258,827 63
D u e to ban k s an d b an kers
.
____
10,347 59
C ertified c h e c k s ................. - ................................................
C a sh ier’s ch eck s o u t s ta n d in g ....................................
S a v in g s d ep o sits.................................................. ..............
N o te s an d b ills r e-d isco u n te d ________ _____
B ills p a y a b le .........................................................................
T o ta ls _______________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
\
96
REPORT OF THE COMMISSIONER OF
No. 49.
P O R T H U R O N SAVING-S B A N K , P O R T H U R O N .
O rganized J anu ary 1, 3873.
H e n r y M c M o r r a n , P resident; J a s . H . W h i t e , Vice President ; C h a s . F. H a r r in g t o n , Cashier.
C. D. T h o m p s o n , A ssistant Cashier.
D ir e c t o r s —J a m es H . W h ite , N e lso n M ills, E d w a rd V in c e n t, H e n r y M cM orran, C harles F.
H a rrin g to n .
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
__________ ____. . .
$341,745 76
$339,632 11
$308,873 88
$337,588 96
___ ____
131,132 49
127,856 63
123,606 41
151,771 61
O yerd ra.f t s ________________________________________-
2,786 51
1,265 90
2,356 65
1,828 80
D u pi fr o m h a n k s in r e s e r v e c i t ie s _______ ____ _____
109,272 03
188,534 08
168,682 73
148,618 24
83 03
208 31
2,000 00
2,000 00
R esou rces.
L o a n s an d d is c o n n ts
___
___
S t n ek s, b o n d s a n d m o r tg a g e s .
D u e fr o m o th e r h a n k s an d bftTilfftT’fi
B a n k in g h o u s e
1,143 69
- _______
F u r n itu r e a n d f ix t u r e s .... ......... ................................. .........
O th e r r e a l e s t a t e
2,000 00
2,000 00
_____ ______
2,310 20
3,351 87
4,997 65
7,205 53
507 42
31,037 35
11,742 74
17,299 37
C h e c k s a n d c a s h i t e m s __________ ______ - ...................
2,884 19
1,504 55
6,502 42
2,420 65
N ic k e l s a n d p e n n i e s ______________ _________ ______
50 77
19 34
4 83
11 20
G o ld c o i n ___________ _______- ......... - ....................... ...........
5,505 00
4,925 00
6,185 00
687 50
C u r r e n t e x p e n s e s a n d t a x e s p a i d _____ ____________
I n t e r e s t p a id
_ _______________ _____- _____ _____
E x c h a n g e s fo r c le a r in g h o u s e
S ilv e r c o i n ___ __________ __________________________
610 00
543 02
1,003 90
468 00
TT. S. a,nfi N a t io n a l h a n k n o t e s . _______ ___________
3,075 00
7,903 00
4,556 00
16,373 00
T o t a l s __________ ___________ ________ ____________
$601,962 40
$678,781 16
$640,512 21
$687,416 35
C apita, 1 s to c k p a id in _ ____________________ ____
$100,000 00
$100,000 00
$100,000 00
$100,000 00
.................................................. ............
20,000 00
20,000 00
20,000 00
20,000 00
__________________________ - ___
51,319 08
60,835 46
68,080 61
76,246 90
L ia b ilit ie s .
S u r p lu s fu n d
U n d iv id e d p r o fits .
10 00
2,565 00
138,743 16
190,521 18
144,645 43
177,017 35
__________ _____ - ___________
28,066 94
29,503 54
26,519 86
27,579 39
D u e to b a n k s a n d b a n k e r s __________ ___________
594 90
20 34
1,865 99
450 22
O ertified c h e c k s ._ ______________________________
1,189 66
1,189 66
1,189 66
1,189 66
262,038 66
274,145 98
278,210 66
284,932 83
$601,962 40
$678,781 16
$640,512 21
$687,416 35
D iv id e n d s u n p a id
I n d i v id u a l d ep osits., s u b j e c t to c h e c k
O e r tific a te s o f d e p o s it
O a s h ie r ’s c h e c k s o u t s t a n d in g
__________________
S a v in g s d e p o s i t s _________ ______________ . _________
N o t e s an d h ill s r e -d is c o n n te d
B ills p a v a h le
_____ _
______
T o t a l s _______ __ _____ ________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T H E B A N K IN G D E P A R T M E N T .
97
N o . 69.
T H E
S T A T E
B A N K
O F
R E A D IN G -, R E A D IN G -.
O rganized D ecem b er 27,1889.
H e n r y F. D o t y , President; Ge o . G. C l a r k , Vice President; W m . B. N o r t h r o p , Cashier.
*
D ir e c t o r s —A d elb ert R . C hapm an, H en ry F . D oty, Geo. G. Clark, F r a n k M. S tew a r t, W m . B.
N orthrop.
Report of
May 13.
R esources.
Report of
July 12.
L oans and d is c o u n ts ..........................................................
S to ck s, bonds an d m o r tg a g e s................... .....................
O v erd ra fts........- ............................_......................................
D u e fro m ban k s in reserv e c it ie s .- ..............................
D ue fro m o th er ban k s a n d b a n k e r s............................
B a n k in g h o u s e ....................................................................
*
F u rn itu r e an d fix tu r es......................................................
O th er r ea l esta ,te............................ - ......... .......................
C urren t ex p en ses a n d ta x e s p a id ........... ...................
In te r est p a id .........................................................................
*
E x ch a n g e s fo r c le a rin g h o u se .......................................
C hecks an d ca sh ite m s ....................................................
N ic k e ls a nd p en n ies...........................................................
G old c o in ................................................................................
S ilv er c o in __________ ____________________________
U . S. a nd N a tio n a l b a n k n o te s ......................................
T o ta ls ...............................................................................
L ia b ilities.
C a p ita l sto ck paid in ____________________________
1
S u rp lus fu n d .......................................................................
U n d iv id ed p rofits................. ..........................................
D iv id e n d s u n p a id ...............................................................
I n d iv id u a l d ep osits, su b ject to c h e c k ........................
C ertificates o f d e p o s it ______________________ ____
D u e to b a n k s an d b a n k e rs____ ____ _____________
C ertified c h eck s __________ ______________________
C ash ier’s ch e ck s o u tsta n d in g ___________________
S a v in g s d e p o s it s ________________________________
N o te s a nd b ills re-d isco u n te d .......................................
B ills p a y a b le _______ ______________________
T o ta ls . .
..
.
...
__
............................................
13
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
Report of
Sept. 80.
Report of
Dec. 11.
98
REPORT OF THE COMMISSIONER OF
No. 25.
B A N K OF SA G IN A W , S A G IN A W .
O rganized A p r il 18,1888.
M. Butman, President; B enton Hanchett , Vice P residen t; D. W . B riggs, Cashier.
D ir e c t o r s —A . T. B liss, B en to n H a n c h e tt, T hos. M errill, W . S. G reen, Ja s. E. V in c e n t, C. L. R in g,
A r th u r B arnard, P. B auer, M. B u tm an .
R eso u rces.
7 .nans a nd d ipp.mi nt,s
^
____ __________ ____
Report of
May 13.
Report of
July 13.
Report of
Sept. 30.
Report of
Dec. 11.
$737,030 34
$739,393 87
8731,431 81
8800,333 48
3,608 76
1,436 55
3,733 79
1,435 57
53,797 93
67,335 67
73,730 74
5,700 00
S to ck s bon (is and m o rtg a g es
Overd r a f t s __________________ __ ___ _ ___________
D u e from han k s in reserv e c itie s ________ - _______
J)|j0 f rnm njhPi]1 kflllkS flTfd tifl'TlllflTfl
50,508 64
____ ___
801 36
374 64
R anking h o u s e _______________. - ________ - _______
5,700 00
5,700 00
5,700 00
"Furniture and fix tu r e s ___________________ _______
3,300 00
3,300 00
3,300 00
3,300 00
C urrent ex p en ses and ta x e s p a id .__________ . . . . . .
3,778 39
43 06
1,983 74
3,449 51
In te r e st paid
3,170 76
133 36
O ther real e sta te
- ________________ ______
___
E x ch a n g e s fo r c le a rin g h o u se
- ___________
________________
_____________
307 43
1,335 33
503 80
N ic k e ls and p e n n ie s __________________ *_________
509 05
396 93
97 43
160 70
G old c o i n _________ _____ ________ . . . . . . ____ ______
3,087 00
80 00
55 00
3,535 00
C h eck s and c a sh ite m s
_________________________ . . . . . .
3,938 75
3,953 00
3,850 50
3,085 75
TTf S. and N a tio n a l han k n o tes _________________
33,984 00
35,309 00
34,703 00
33,330 00
$844,813 03
$841,817 39
$850,581 73
$915,973 37
C apital sto ck p a id in_ __________ ________________
$300,000 00
$300,000 00
$300,000 00
$300,000 00
Su rp lus fu n d ______________________________ _____
3,500 00
7,500 00
7,500 00
7,500 00
34,564 13
7,486 88
17,633 51
37,533 87
In d iv id u a l deposits, su b je c t to c h e c k ........................
387,416 13
398,014 87
366,331 45
337,311 17
C ertifica tes o f d e p o sit__________________________
348,711 31
371,163 03
300,493 36
333,600 37
D ue to b a n k s a n d b a n k ers____________ __________
64,399 43
56,653 51
44,539 19
43,937 58
S ily er coin
T o ta ls
__
____________ _______________ _____ ___
L ia b ilitie s.
U n d iv id e d p rofits...........................................................
D iv id en d s unpaid
1,000 00
355 40
C ertified ch eck s
C a sh ier’s ch e ck s o u ts ta n d in g ________
S a v in g s d ep o sits
N o te s a,nd h ills r e -d isc o u n te d ______ ____ ________
17,333 03
13,839 93
68,100 48
$850,581 73
$915,973 37
R ills pa.yahle
T o ta ls
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
________________________________
$844,813 03
$841,817 39
99
THE BANKING DEPARTMENT.
No. 84.
SA G IN A W COUNTY S A V IN G S BA N K , SA G IN A W .
O rganized D ecem b er 1, 1886.
A aron T. B liss, P resident; Lorenzo T. Durand , Vice President; R ichard K huen , Treasurer.
D irectors—L orenzo T. D urand, A m a ssa R u st, W m . M oye, C has. E. B renn er, T. D . M errill, A . P.
B liss, R ich a rd K h u en , A aron T. B liss, L ev i T illotson .
R eso u rces.
Report of
May 13.
Report of
July 13.
Report of
Sept. 30.
Report of
Dec. 11.
"Loans and d is c o u n t s _____________________ ____ __
$178,015 55
$179,671 71
8187,001 31
$193,171 73
S tock s, bon ds a nd m o r tg a g e s.........................................
63,595 10
70,336 00
76,491 00
81,169 00
38,790 30
35,118 80
10,186 38
40,960 37
613 30
613 30
618 15
618 15
613 31
1,056 63
1,515 90
3,070 64
C h eck s a nd c a sh it e m s ......... ............................................
36 11
867 16
5,707 37
77 50
N ic k e ls and p e n n ie s ___________ __ . . . ____ ________
18 86
19 51
18 96
31 37
O v e r d r a fts ___________. _____ ___ ____ _______ _____
D u e fro m b a n k s in reserv e c itie s ..................................
D ue fro m o th er b an k s and b a n k e r s ............................
B a n k in g h o u se ____________________
_____________
Fn rn i tn re an d fi x tu r e s .....................................................
O ther r ea l e s t a t e .._________________________ _____
C urren t ex p en ses a nd ta x e s p a id ___________ - .........
In te r e st p a id ____________________________________
E x ch a n g e s fo r c le a rin g h o u s e ........................................
.
G old co in __________ ____________ _____ ____ _____
580 00
1,110 00
730 00
1,300 00
S ilv er c o i n ...... ....... ................................... .........................
130 90
309 10
137 60
373 10
U n ited S ta te s a n d N a tio n a l b a n k n o te s ....................
388 00
1,395 00
989 00
734 00
T o t a ls _________ _______ __________________ - __
$383,689 99
$390,619 51
8313,118 60
$333,738 76
L ia b ilitie s.
C a p ita l sto c k paid i n ____________________________
$50,000 00
$50,000 00
850,000 00
$50,000 00
_____ ___ _________________
10,000 00
10,000 00
10,000 00
10,000 00
U n d iv id e d p r o fits.................................................................
7,131 87
5,815 31
10,761 95
15,571 81
315,558 13
331,801 17
313,686 65
347,153 95
$383,689 99
$390,619 51
$313,118 60
$333,738 76
S u rp lu s fu n d
____
D iv id en d s u n p a id ...... .........................................................
In d iv id u a l dep osits su b ject to c h e c k ...........................
C ertifica tes o f d e p o s it___________________________
D u e to b a n k s a nd b a n k e r s ...............................................
C ertified c h e c k s ...... ....... ......... ..................... .....................
C a sh ier’s ch e ck s o u t s t a n d in g _______ ____ ______
S a v in g s d e p o sits.......................................- .........................
N o te s and b ills re-d isco u n te d ____________________
B ills p a y a b le
__ ____ __________________ ____ ____
T o ta ls
_______________________ _____ ____
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100
REPORT OF THE COMMISSIONER OF
No. 29.
C O M M E R C I A L A N D S A V I N G S B A N K , S A I N T C L A IR .
O rganized O ctober 16,1886.
W m. S. H opkins , P resident; B ela. W. J enks, Vice P resident; Robt. H. J enks, Cashier;
R u ss S. J enks , A ss't Cashier.
Directors—A. C. G ray, J e re m ia h J en k s, C has. B e y sc h la g , B. W . Jen k s, R ob ert H . Jen k s,
E. C. R ecor, N a n c y H ig le y , J u stin R . W h itin g , W . S. H opk ins.
R esources.
L oans a nd d is c o u n ts ................ .........................................
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
194,231 41
885,628 65
$94,707 06
$110,879 30
20,000 00
21,285 50
26,235 50
27,350 00
O v erd ra fts..............................................................................
41 40
164 55
394 40
i99 95
D u e fro m b a n k s in reserv e c itie s . . ............................
34,631 87
47,484 46
42,673 71
16,547 99
S tock s, bonds a nd m o r tg a g e s __________________
D u e fro m oth er ban k s and b a n k e rs............................
450 00
105 71
B a n k in g h o u se .....................................................................
F u rn itu re a nd f ix t u r e s ______________________ __
1,000 00
1,000 00
1,000 00
1,000 00
O ther r ea l e s ta te ..................................................................
2,969 14
2,909 14
3,008 59
3,008 59
C urren t ex p en ses a n d ta x e s p a i d ................................
1,046 36
812 91
1,396 03
189 66
959 71
In te r est p a id .........................................................................
9 30
E x ch a n g es for clea rin g h o u se .......................................
C hecks a nd c a sh ite m s......................................................
109 00
278 88
6 42
112 66
N ic k e ls and p e n n ie s ..........................................................
129 88
52 14
39 82
73 49
1,630 00
327 50
1,030 00
22 50
S ilv er c o in ...............................................................................
767 85
465 35
700 35
1,248 20
U . S. and N a tio n a l b a n k n o te s ..............- ......................
5,836 00
4,192 00
2,355 00
2,533 00
T o ta ls ................. ..............................................................
$162,392 91
$164,247 47
8173,153 42
$165,437 13
G old c o in ........ ........................... ....................................
L ia b ilitie s.
C a p ita l sto c k p a id in .... ....................................................
$50,000 00
$50,000 00
850,000 00
$50,000 00
S u rp lus fu n d ...........................................
2,880 00
3,102 54
3,102 54
3,102 54
U n d iv id e d profits.................................................................
2,901 42
205 23
2,123 29
5,488 97
D iv id en d s u n p a id ................................................................
244 00
540 00
In d iv id u a l deposits, su b ject to c h e c k .........................
34,331 82
41,374 30
40,591 24
33,754 80
C ertificates o f d ep o sit............................ ...........................
41,323 45
35,485 36
40,446 98
37,709 93
30,712 22
33,540 04
36,889 37
35,380 89
$162,392 91
$164,247 47
$173,153 42
$165,437 13
D ue to ban k s a n d b a n k e rs................................ .............
C ertified c h e c k s ....................................................................
C a sh ier’s c h eck s o u tsta n d in g ............ .........................
S a v in g s d ep o sit.....................................................................
N o tes and b ills re-d isco u n te d .......................................
B ills p a y a b le .................................. .....................................
T o ta ls.................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
101
THE BANKING DEPARTMENT.
No. 39.
C L I N T O N C O U N T Y S A Y I N G S B A N K , S A IN T J O H N S .
O rganized N ovem b er 27, 1889.
A lbert J . B aldwin , P resident; J osiah U pton, Vice President; P . E . W alsworth, T reasurer;
R. C. Dexter, Asst. Treasurer.
D irectors—R . M. S tee l,'A . J. B a ld w in , C ooley E. B a ll, W arn er B u n d ay, Jo sia h U pton , Jno. H icks,
Geo. A . S tee l, P . E. W a lsw o rth , G alu sha P e n n ell.
Report of
Deo. 11.
R eso u rces.
R oans arid d is c o u n ts ___________________ ____ _____________________________ ___________ __
S to ck s, bon ds a n d m o r tg a g e s ____________________________________________________________
$1,000 00
O v e r d r a fts ____________________ . . . ___ - ___ - ................. .................................................. ................... .
D u e fro m b a n k s in reserv e c i t i e s _____ _________________________________ _____ ______ _____
34,302 00
D u e fro m o th er b a n k s a n d b a n k e r s __________ ______________ _____ _________ ________ _ ___
R a n k in g lion so _ _ _ _ _
_______ ______ ______ _________ _______ _____ _____ ____ ___________
F u rn itu r e a n d fix tu res . . ________ ____ - ____ _____ _____ _________
_____________________
O th er r ea l e s t a te _____________________________ ____ ______ ____ _________________ ____ ______
C urren t e x p en ses a n d ta x e s p a id __________ ______ ____________________________ ___________
128 10
In te r e s t p aid ________ _______ ____ -__________________________ _________________ ___________
E x ch a n g e s fo r c le a rin g h o u se .............................. ........ - _____ _____ ____ ______ ____ ____________
C h eck s a n d c a sh ite m s _____ __________________ ___ ________________ ____ _______ __________
N ic k e ls a n d p e n n ie s ...... ......... ........................................... ........ .......... .........................................................
28
O old c o i n _____________ ______ __ _____ ______ _____ ___ _____ ____ ____ _________ ___________
20 00
S ilv e r coin
________________________________________________________________ _
U . S. a n d N a tio n a l b a n k n o te s __ ____ _____________________________ ____ __________________
T o ta ls
_ ______________________ _____ _____________________________________________
10 25
6,654 00
$42,114 63
L ia b ilitie s.
C a p ita l sto c k p aid in . ___________________________ ______________________________________
$35,000 00
S u rp lu s fu n d ............................................ ............... - ...................... ....................................................................
U n d iv id ed profits
_ __________________________ _____ ____ _____ ________________ ____ __
D iv id e n d s un p aid _______ __________________ ______________ _______ ______________________
In d iv id u a l deposits, su b je c t to c h e c k ____________________________________________________
C ertifica tes of d e p o s it...................................................................................................... .................................
D u e to b a n k s and b a n k ers___________________________ ______ ___________________ _____ ____
C ertified c h e c k s ________ , __________________ ____________________________________________
C a sh ier’s c h e ck s o u tsta n d in g ___________________________________________ ________________
S a v in g s d ep o sits........... ......... ................ ................................................................. ..............................................
7,114 63
N o tes and b ills r e -d is c o u n te d .........................................................................................................................
B ills p a y a b le ______________________________________________________ _________________ ____
T o ta ls ...................................................... ....... ....................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$42,114 63
102
REPORT OF THE COMMISSIONER OF
No. 45.
S T A T E B A N K O F S A IN T J O H N S , S A I N T J O H N S .
O rganized A u g u st 19,1885.
Orrin W . Munger , P resident; D. H. P ower, Cashier.
Directors—Otis P u lle r, Geo. F. M arvin, P o rter K. P errin , G ilb ert E . C orbin, Jo h n H . C orbit, M .
V . B row n , J. H . F ed ew a , E d w a rd B row n , O. W . M unger, A . R etan , S a m u el S. W a lk e r .
Report of
May 13.
Report of
Ju ly 12.
Report of
Sept. 30.
Report of
Dec. 11.
$139,701 72
$131,875 44
$138,930 04
$139,435 32
O v erd ra fts...................................................
2,805 31
3,422 86
1,297 12
406 43
D u e fro m b a n k s in reserv e c itie s ___
3,454 11
5,238 99
5,585 20
3,706 65
D u e fro m oth er b a n k s a nd b a n k ers.
1,638 96
1,500 00
1,500 00
1,500 00
5,000 00
4,754 95
4,754 95
R esources.
L oans a nd d is c o u n ts ..............................
S to ck s, bonds a n d m o r tg a g e s ............
B a n k in g h o u se .........................................
F u rn itu r e and f ix t u r e s .........................
1,500 00
O ther r ea l e s t a te ................. ....................
C urren t e x p en ses an d ta x e s p a id ___
940 72
176 60
737 55
1,362 74
In te r est p aid ...............................................
1,354 76
22 85
770 57
1,203 49
303 93
E x ch a n g e s fo r c le a rin g h o u se ............
C hecks a nd ca sh ite m s ..........................
5 00
84 67
37 54
N ic k e ls an d p e n n ie s ..............................
91 28
95 70
184 37
255 50
Gold c o in .....................................................
2,346 30
3,500 00
847 50
2,935 00
S ilv er c o in ...... .............................................
1,061 00
1,014 75
1,525 00
2,263 70
U . S. an d N a tio n a l ban k n o te s ..........
6,321 00
5,856 00
3,917 00
3,826 00
$161,220 16
8157,787 86
$160,086 84
$161,953 71
C a p ita l sto ck paid i n ..................................
50,000 00
$50,000 00
$50,000 00
850,000 00
S u rp lu s fu n d .................................................
2,565 55
745 96
231 69
231 69
U n d iv id e d profits........................................
4,038 60
485 60
3,095 60
6,034 95
I n d iv id u a l deposits, su b je c t to c h e c k .
51,422 92
50,816 46
46,511 21
42,340 57
C ertificates o f d ep o sit................................
40,631 95
51,714 82
54,248 34
49,346 50
561 14
25 02
T o ta ls .
L ia b ilitie s.
D iv id en d s u n p a id ........................................
D u e to ban ks an d b a n k e rs................. ..
C ertified c h e c k s ............................................
C ash ier’s c h eck s o u tsta n d in g ...............
S a v in g s d e p o sits...........................................
N o tes a nd b ills r e -d isc o u n te d ...............
12,000 00
B ills p a y a b le ...............................................
T o ta ls .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,000 00
$161,220 16
8157,787
6,000 00
$160,086 84
14,000 OO
$161,953 71
T H E B A N K IN G D E P A R T M E N T .
103
N o. 31.
T H E
U N IO N
B A N K IN G
C O M P A N Y , ST . J O S E P H .
O rganized A u g u st 24,1882.
F r a n c is J o r d a n , P resident; Or v il l e 0 . J o r d a n , Cashier.
S
D ir e c t o r s —J. H . G raham , F r a n c is Jordan, E . A . G raham , A . W . W e lls, Jn o. W a lla c e , H e n r y M
Z ekins, Jno. H. L ee, J a m es F orbes.
Report of
May 13.
R esources.
L ea n s a.nd d isc o u n ts
___________ - ______________
Report of
July 12.
$119,028 80
$76,702 60
9,000 00
9,000 00
Report of
Sept. 30.
863,105 26
3,153 60 i
_ _________________________________
4,256 82
4,617 73
J)li6 from Ua.nlcs in reserv e c i t i e s ______ __ ______
8,066 54
29,988 65
92,987 67
O verdrafts
$81,903 53
2,366 81
49,724 45
458 12
858 92
1,982 86
915 14
___________ ___ ____ ....____
4,450 00
4,450 00
4,450 00
4,450 00
3,002 41
D ue from o th er han k s and h a n k e rs________ _____
B a n k in g h ou se
Report of
Dec. 11.
__................. .. ........................
3,002 41
3,002 41
3,002 41
__________ _________ _______ __
600 00
500 00
500 00
500 00
C urrent e x p en ses a nd ta x e s p a id ____ ___________
1,339 87
309 49
•
1,169 84
1,775 31
- _______________
65 50
134 32
76 64
61 00
N ic k e ls and p en n ies _ _ _____________ __________
425 43
305 00
403 38
285 32
___ ________________________
6,700 00
5,100 00
5,500 00
5,500 00
S ilv er co in _______ _______________ ______ __ _____
740 00
700 00
700 00
550 00
'12,167 00
16,850 00
16,380 00
16,203 00
$170,320 48
$152,519 12
$193,411 66
$167,236 97
$50,000 00
825,000 00
$25,000 00
$25,000 00
690 61
2,488 26
4,918 37
F ilm ifn r e and fix tu res
O ther real e sta te
In te r est paid
__
-
______________
E x ch a n g e s fo r c le a rin g h o u se
_
_____
C hecks and cash ite m s
Cold coin
p
-
^ and N a tio n a l hank n o tes .....................................
T o ta ls
_________________________ ____ __ _____
L ia b ilitie s.
Capita,! sto ck paid i n __________ _____________ ____
________
8,750 59
U n d iv id ed profits ______________ ____________ __
2,970 89
S u rp lus fund
________ __
200 00
In d iv id u a l d ep osits, subject, to c h e c k ____________
84,511 32
91,501 36
119,926 27
94,890 98
C ertifica tes o f d e p o sit___________________ _______
23,502 97
35,327 15
45,997 13
42,427 62
$152,519 12
$193,411 66
$167,236 97
D iv id en d s unpaid
__
D u e to han k s an d h a n k ers
C ertified ch e ck s
_
__
______
384 71
_ ________________________
C ash ier’s ch e ck s o u tsta n d in g
P a v m g s deposits
N o te s and h ills re-d isco u n te d
B ills p a y a b le
_
______ ________
_ _____ __________________
T o ta ls _______________________________________
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$170,320 48
104
REPOET OF THE COMMISSIONER OF
N o . 42.
T H E C O M M E R C I A L S A V I N G S B A N K O F ST. L O U IS ,
ST. L O U IS .
O rganized D ecem b er 2,1889.
L. Saviers , President ; C. W . A lthouse, Vice President ; F . E. Salisbury , Cashier.
Directors—Geo. M. F erris, L em u el S a v iers, H ira m H a rrin gton , J a m e s O. H ilto n , N a th a n a e l W h ite,
C has. J. W ille tt, C laren ce W . A lth o u se .
R esources.
L oans a n d d isc o u n ts........................... ...............................................................................................................
Report of
Dec. 11.
S3,118 26
Stock s, bonds an d m o rtg a g es...........................................................................................................................
O verd rafts.................................................................................................................................................................
1,151 88
D ue fro m ban k s in reserve c itie s ............................................................_.....................................................
11,911 79
D u e fro m oth er ban k s a n d b a n k ers................................... . ........................................................................
20 00
B a n k in g h o u se ....................................................................... ...............................................................................
F u rn itu r e an d fix t u r e s .................................................................................................................................
2,371 12
O th er rea l e s t a te ..................................................................................................................................................
C u rren t e x p en ses a nd ta x e s p a id ..................................................................................................................
10 95
In te r est p a id ................................ ......................................... ...............................................................................
E x ch a n g e s for c le a rin g h o u se ........................................................ ................................................................
C h eck s an d ca sh ite m s.......................................................................................................................................
73 27
N ic k e ls and p en n ies..............................................................................................................................................
133 81
G old c o in .......................................................... ........................................................................................................
2,129 50
S ilv er c o in .................................................................................................................................................................
930 25
U . S. and N a tio n a l ban k n o tes........................................................................................................................
1,802 00
T o ta ls...................................................................................................................................................................
S23,652 83
L ia b ilities.
C ap ital sto ck paid i n ............................................................................................................................................
814,800 00
Su rp lus fu n d ...........................................................................................................................................................
U n d iv id ed profits...........................................................
67 90
D iv id en d s u n p a id ..............................................................................................................................................
I n d iv id u a l deposits, su b je c t to c h e ck ..........................................................................................................
5,584 11
C ertificates o f d ep o sit........................................................................................................................................
2,138 00
D ue to b a n k s a nd b a n k e rs......................................... ......................................................................................
C ertified c h e c k s ............................................................................................................................................
C a sh ier’s ch e ck s o u tsta n d in g .........................................................................................................................
S a v in g s d e p o s its ........ ........................................ ............................................................................
1,142 82
N o tes a nd b ills r e-d isco u n te d .......................................................................................................
B ills p a y a b le ....................................................................................................................................
T o ta ls................................................................................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$23,652 83
105
THE BANKING DEPARTMENT.
N o . 54.
S A U L T S A V I N G S B A N K , L O A N A N D T R U S T CO., S A U L T
S T E . M A R IE .
O rganized N o v em b er 20, 1886.
George Kemp, P residen t; Thomas R . E asterday, Vice President; W m. Chandler , T reasurer;
G. G. Scranton, A ss't Treasurer.
Directors—Geo. K em p, C. E. A in sw o rth , T. R . E a sterd a y , J. H . S teere, A n d rew Jack son , J. H . Goff,
W m . C handler, T. C. A n th on y, G. G. S cranton .
R esou rces.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d isc o u n ts..........................................................
$89,414 09
593,182 74
884,274 07
$89,994 97
S to ck s, bonds an d m o rtg a g es.........................................
19,763 14
26,849 16
23,483 88
18,628 79
O v erd ra fts..............................................................................
2,218 49
1,011 22
2,206 95
719 59
D u e fro m b an k s in reserve c itie s .................................
18,353 07
53,864 36
6,522 64
8,214 58
B a n k in g h o u s e ................................... .................................
42,784 29
42,784 29
42,784 29
43,500 76
F u rn itu re and fix tu r es............................ ........................
2,893 76
2,893 76
2,893 76
3,949 76
C h eck s a n d c a sh ite m s......................................................
3,049 32
4,114 22
671 53
421 43
N ic k e ls a n d p e n n ies............................................................
60 17
74 34
99 04
38 49
G old co in ................................................................................
205 00
3,205 00
1,560 00
930 00
D u e fro m o th er ban k s a n d b a n k e rs............................
O ther r ea l e s t a t e .................................................................
C urren t ex p en ses a nd ta x e s p a id ..................................
I n te r e st p a id ..........................................................................
E x ch a n g es for c le a r in g h o u se .......................................
S ilv e r c o in ..............................................................................
1,740 75
1,593 00
1,105 00
2,099 55
U . S. an d N a tio n a l ban k n otes—....................................
9,303 00
4,852 00
7,822 00
1,934 00
8189,785 08
$234,423 09
$173,423 16
8169,431 92
850,000 00
$50,000 00
$50,000 00
$50,000 00
4,106 30
10,878 25
14,009 29
11,590 84
In d iv id u a l deposits, su b ject to c h e c k ........................
92,395 80
129,036 50
59,566 55
37,900 82
C ertifica tes o f d e p o sit...........................................
15,357 04
15,200 81
14,990 11
28,037 86
34,857 21
36,848 83
T o ta ls ........................................................................... .
L ia b ilitie s.
C a p ita l sto c k paid in .............................. ..........................
S u rp lu s f u n d .........................................................................
U n d iv id ed profits................................. .............................
D iv id e n d s u n p a id ................................................................
D ue to banks a n d b a n k e rs...............................................
245 58
•
C ertified c h e c k s ...................................................................
C a sh ier’s c h eck s o u tsta n d in g .........................................
S a v in g s d e p o sits...................................................................
27,925 94
29,061 95
N o tes and b ills r e-d isco u n te d .......................................
5,053 57
B ills p a y a b le...................... .............................................
T o ta ls.................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$189,785 08
$334,423 09
$173,423 16
8169,431 92
106
REPORT OF THE COMMISSIONER OF
No. 71.
T H E F IR S T ST A T E B A N K OF SO U TH H A V E N , SO U TH
HAVEN.
O rganized D ecem b er 28,1889.
Charles J. Monroe, President; H. W. W illiams , Vice P resident; L. S. Monroe, Cashier.
Directors—H en ry W . W illia m s, C has. J. M onroe, Y o ln e y R oss, M. H . B ixb y, Jno. M ack ey, Geo. C.
P a lm er, S a m u e l P . W ilso n , E u n ice E. M oore, H. E. B oard m an.
R esou rces.
Report of
May 13.
Report of
Sept. 30.
Report of
July 12.
L oans a nd d is c o u n ts ________ ______ ____ _________
S to ck s, bonds and mortirapps.
O verdrafts
D ue fro m b a n k s in rese rv e c i t i e s _______ ____ ___
D u e fro m o th er b a n k s a n d b a n k ers ________ ___
B a n k in g b o u s e ......... .. ............. ...................................... .
F u rn itu r e an d fix tu r es .
O ther r ea l e sta te
........ ..........__........ ...........
___________ __________________
C urren t e x p en ses a nd ta x e s jp a id ................................
In te r est p a id
........................................................._..........
E x ch a n g e s fo r c le a rin g h o u se ........................ ..............
C hecks an d c a sh ite m s ________ _________________
N ic k e ls and p e n n ies............................................. . ............
-
G old c o in ................................................................................
S ilv er c o in ........................................................: ....................
U . S. an d N a tio n a l b a n k n o te s ...................... - ..............
T o ta ls.................................................................................
..........
._
________
_____ j» _____ ____ __ ____
L ia b ilitie s.
C a p ita l sto c k p a id in ....................................... __..............
S u rp lu s fu n d ................................ _........................... ..........
U n d iv id e d p r o fits ................................................................
D iv id en d s u n p a id ...............................................................
In d iv id u a l dep osits, su b ject to c h e c k ........................
C ertifica tes o f d e p o sit........ ..............................................
D u e to ban k s a nd b a n k e rs...............................................
C ertified c h e c k s ....................................................................
C ash ier’s ch eck s o u tsta n d in g ............................ ............
S a v in g s d ep o sits...................................................................
N o tes a nd b ills r e-d isco u n te d ................... ...................
B ills p a y a b le .........................................................................
T o ta ls ......................................................................... .......
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
#
Report of
Dec. 11.
*
THE BANKING DEPARTMENT.
10?
N o . 40.
M O N TC A LM CO U N TY SA V IN G S B A N K , STA N TO N .
O rganized M ay 1, J888.
H. R. W agar , P resident; F. L. W agar , Vice P residen t; J ames 0. P ercival , Cashier.
Directors—L. B. T ow nsend . F. L. W a g a r, J a m e s C. P e r c iv a l, H. R. W agar, J. M. W e a th e r w a x .
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
$41,931 88
840,276 72
$36,884 99
$36,103 20
11,264 06
11,264 06
11,264 06
11,582 56
O v erd ra fts............................................................
1,374 41
862 59
387 62
1,130 65
D u e fro m ban ks in reserv e c itie s .................................
2,410 22
3,455 30
3,014 26
1,381 67
D u e fro m oth er b a n k s a n d b a n k e rs............................
168 20
203 63
462 25
72 27
3,750 00
3,750 00
3,750 00
3,750 00
1,521 25
1,521 25
1,521 25
1,521 25
R eso u rces.
L oan s a nd d is c o u n ts ..........................................................
S tock s, bon ds a n d m o rtg a g es..................................
B a n k in g h o u se ............................................. .....................
*
F u rn itu r e an d fix tu r es.....................................
Report of
Dec. 11.
O ther r ea l e s t a t e ............................................................... .
C urren t e x p en ses a n d ta x e s p a id ................................
1,838 53
15 84
344 01
545 45
I n te r e s t p a id .........................................................................
562 77
31 85
333 96
531 26
C hecks a nd c a sh ite m s ........................ ........................
87 95
560 18
2,702 17
640 69
N ic k e ls a n d p en n ies.............................................
37 47
48 05
64 15
59 18
519 80
950 00
1,144 80
814 80
S ilv e r c o in .............................. ......... ...............................
675 45
1,280 00
500 60
U . S. a nd N a tio n a l b a n k n o t e s .............................
2,660 00
920 00
2,372 00
$68,801 99
$65,139 47
864,746 12
$60,0t2 08
$25,000 00
$25,000 00
825,000 00
$25,000 00
3,352 27
1,250 27
2,443 79
2,943 41
In d iv id u a l deposits, su b je c t to c h e c k .........................
25,007 44
22,598 40
21,611 28
15,736 40
C ertificates of d ep osit........................................................
14,513 58
14,309 83
13,916 63
10,716 39
613 68
184 38
4,840 46
928 70
1,367 29
1,590 04
775 42
$68,801 99
$65,139 47
$64,746 12
$60,012 08
E x c h a n g e s fo r c le a rin g h o u se ........„.....................
G old c o in .....................................................................
T o ta ls .................................................................
401 10
1,478 0
L ia b ilitie s.
C a p ita l sto ck p a id in .........................................................
S u rp lu s fu n d ........................................................................
U n d iv id e d p rofits................................................................
D iv id en d s u n p a id ...............................................................
D u e to ban k s an d b a n k e rs..................................
C ertified c h e c k s ....................................................................
C ash ier’s c h e ck s o u t s t a n d in g ......................................
S a v in g s d e p o s its ..................................................................
N o tes and b ills r e -d isc o u n te d .......................................
B ills p a y a b le ........................................................................
T o ta ls ................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
#»
108
REPORT OF THE COMMISSIONER OF
No. —.
L U M B E R M A N ’S STA TE B A N K , W E S T B A Y CITY.
O rganized J a n u a ry 1, 1875.
S p e n c e r O. F i s h e r , President ;jH . H. N o r r in g t o n , Cashier.
D ir e c t o r s —S. O. F ish er, K. F ish er, H . H . N o rrin gton , Jn o. S. G ray, W . A . Y aw k ey.
R esources.
Report of
May 13.
Report of
July 13.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n ts ................................ .........................
8439,461 68
$439,081 78
$366,453 60
8383,745 33
S to ck s, b o n d s a nd m o r tg a g e s _________ _________
8,320 00
O verdrafts ______________________________________
4,949 00
D u e from h a n k s in reserv e c itie s __ _
13,940 97
10,417 49
10,803 79
7,322 13
3,310 33
3,310 33
3,310 33
3,372 33
C urrent ex p en ses a nd ta x e s p a id ................................
1,490 61
176 95
I n te r e st p a id ........... ...............................................................
3,763 63
461 00
D ue fro m o th er b a n k s and b a n k e rs............................
R a n k in g h o u se
_____
___________________
F u rn itu re an d fix tu r es......................................................
O ther rea l e sta te
..........
..........
285 54
44 16
E x ch a n g e s for clea rin g h o u se ____ . . __________
C h eck s a n d c a sh i t e m s ....................................................
N ic k e ls an d p en n ies...........................................................
19 04
76 74
G old co in ..................................................................................
96 06
1,115 00
1,746 39
1,400 41
1,847 55
330 20
U . S, a nd N a tio n a l b a n k n o tes.......................................
11,194 00
8,436 00
11,133 00
6,255 00
T o ta ls.................................................................................
8464,936 64
$453,373 96
$393,667 17
8415,790 59
C a p ita l stock paid in ..........................................................
850,000 00
$50,000 00
850,000 00
$50,000 00
Su rp lus f u n d ................. ......................................................
33,500 00
36,000 00
26,000 00
36,000 00
U n d iv id e d profits.................................................................
10,644 03
1,989 33
4,108 81
7,231 21
S ilv e r c o in .................................................. ...................
L ia b ilitie s.
D iv id en d s u n p a id .................................................................
In d iv id u a l dep osits, su b ject to c h e c k .........................
336,003 11
337,098 09
199,334 20
170,801 28
C ertifica tes o f d e p o sit......................................................
74,949 00
46,778 00
44,696 00
49,513 20
D u e to b a n k s an d b a n k e rs...............................................
83 63
3,348 16
3,102 00
4,382 28
C ertified c h e c k s ...................................................................
1,004 00
C ash ier’s ch eck s o u tsta n d in g .........................................
S a v in g s d ep o sits...................................................................
N o tes a nd b ills r e-d isco u n te d ........................................
39,878 00
39,968 26
25,336 00
79,743 89
68,383 49
37,457 90
82,526 62
8464,936 64
$453,373 96
$393,667 17
8415,790 59
B ills p a y a b le.........................................................................
T o ta ls.............................. ...............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
109
THE BANKING DEPARTMENT.
No. 17.
P E O P L E ’S SAVING-S B A N K , W E S T B A Y CITY.
O rganized D ecem b er 27, 1888.
G e o . L. M o s h e r , P resident; J o h n B o u r n , Vice P residen t; L. C. B u t l e r , Cashier.
D ir e c t o r s —G. L. M osher, L. C. B u tler, E . T. C arrin gton, H . W . W ebber, E . C. C hapin, Jno. B ou rn ,
C. E . P ierce, J. S ta h l, A . M osher, Jr., M. H a g a r ty .
R esources.
Report of
May 13.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d isc o u n ts..........................................................
$29,033 35
$28,642 37
$38,619 55
$47,247 46
S tock s, bon ds an d m o rtg a g es.........................................
2,210 00
7,233 71
11,558 71
13,305 00
7 83
100 00
615 23
227 56
3,649 32
2,468 08
6,239 38
3,091 01
1,827 35
2,823 96
2,860 36
2,865 36
C urren t e x p e n ses and ta x e s p a id ................................
944 03
1,117 13
1,874 57
2,395 71
In te r est p a id .........................................................................
28 74
84 82
150 99
218 16
O v erd ra fts...........................................................................
D u e fro m b a n k s in reserv e c itie s ..................................
D u e fro m o th er ban ks an d h a n k e rs............................
B a n k in g h o u s e .....................................................................
F u rn itu re a nd fix tu r es......................................................
O th er rea l e s t a te ........... ....................................................
E x ch a n g es fo r clea rin g h o u s e ....... .......... ...................
889 44
C hecks a n d c a sh ite m s......................................................
N ic k e ls a nd p en n ies.............................. .............................
4 69
G old c o in ................. ................................................
S ilv er c o in ..........................................................
187 00
527 24
14 S9
18 37
23 99
40 00
145 00
1,085 00
457 29
770 00
769 90
251 80
821 30
U . S. and N a tio n a l b an k n o tes.................................
5,000 00
2,608 00
2,536 00
2,766 00
T o ta ls ..........................................................................
$43,475 31
$46,089 86
$66,286 64
$74,503 84
$19,325 05
$21,591 57
$24,090 00
$24,950 00
741 96
1,272 14
2,289 83
3,369 24
I n d iv id u a l deposits, su b je c t to c h e c k ........................
9,851 27
6,911 51
9,501 44
12,090 57
C ertifica tes o f d e p o sit.....................................................
6,254 52
6,345 61
16,893 74
19,219 77
7,302 51
9,969 03
13,511 63
14,874 26
$43,475 31
$46,089 86
$66,286 64
$74,503 84
L ia b ilitie s.
C ap ital sto ck p aid i n ...................................................
Su rp lus f u n d ........................................................................
U n d iv id ed p ro fits.................................................
D iv id e n d s u n p a id ................................................................
D u e to b a n k s a n d b a n k e rs...............................................
C ertified c h e c k s ..................................................................
C ash ier’s ch e ck s o u tsta n d in g .........................................
S a v in g s d ep o sits....................................... ............
N otes an d b ills re-d isco u n te d ......................................
B ills p a y a b le..........................................................................
T o ta ls ..............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
110
REPORT OF THE COMMISSIONER OF
No. 3.
STA TE B A N K OF W H IT E P IG E O N , W H IT E i‘P IG E O N .
O rganized J a n u a ry 24, 1889.
D a v id P . H a m il t o n , P residen t; J o h n M u r r a y , Vice P residen t; J o h n G. S c h u r t z , Cashier.
D ir e c t o r s —Jno. G. S ch u rtz, Jno. M urray, D a v id P . H am ilto n , P e te r P u tn a m , C has. W. H o tch in ,
F red C. H o tch in , A . W . M urray, R . F. J a r re tt, J o h n H. C otton, B ird sey P eck , John H otch in .
R eso u rces.
R eport of
M a y 13.
R eport of
J u l y 12.
R eport of
S e p t. 30.
R e p o r t of
D e c . 11.
L oans an d d is c o u n ts .............................. ...........................
$ 2 4 ,3 4 5 09
$ 3 1 ,8 5 4 51
$ 3 3 ,9 1 0 80
S to ck s, bonds a n d m o rtg a g es.........................................
1 ,2 0 0 0 0
9 0 0 00
9 0 0 00
9 0 0 00
3 6 30
2 2 4 18
2 ,4 3 5 19
4 6 8 36
5 3 4 30
5 7 37
2 5 0 00
250 00
250 0 0
8 2 3 73
19 20
2 4 0 20
466 52
6 02
8 17
19 2 0
13 10
170 00
1 5 0 00
1 0 0 00
6 5 00
O verd raf t s .......... ......................__......... ..................
D ue from b a n k s in reserve c itie s .................................
4 ,0 8 0 04
3 3 6 ,5 3 2 8 5
D ue from oth er ban ks a nd b a n k e rs............................
B a n k in g h o u se .....................................................................
F u rn itu r e and fix tu r e s ......................................................
O th er r ea l e s t a t e ..................................................................
C u rren t e x p en ses an d ta x e s p a id ................................
In te r e st p a id ...........................................................................
E x ch a n g e s fo r c le a rin g h o u se .......................................
C heck a nd ca sh ite m s ......................................................
N ic k e ls a nd p e n n ie s ..........................................................
G old c o in ...... ...........................................................
S ilv e r c o in .............................................................................
75 0 0
211 20
194 50
2 2 3 50
42 00
2 ,4 5 1 00
6 7 4 00
3 ,0 0 0 00
815 0 0
$ 3 3 ,2 8 7 08
$ 3 4 ,5 5 5 0 4
$ 3 9 ,4 7 7 18
$ 4 1 ,5 7 7 0 3
$ 2 0 ,0 0 0 00
$ 2 5 ,0 0 0 00
$ 2 5 ,0 0 0 00
$ 2 5 ,0 0 0 0 0
200 0 0
2 0 0 00
200 00
5 7 6 52
2 7 77
493 11
1 ,0 3 1 6 4
I n d iv id u a l d ep o sits, su b je c t to c h e c k ........................
5 ,2 2 0 84
3 ,1 6 4 82
4 ,9 4 5 42
2 ,7 2 6 88
C ertifica tes o f d ep o sit....................................................
7 ,4 8 9 72
6 ,0 8 6 00
8 ,2 1 4 59
1 2 ,1 3 3 50
7 6 45
6 2 4 06
4 8 5 01
$ 3 4 ,5 5 5 04
$ 3 9 ,4 7 7 18
$ 4 1 ,5 7 7 0 3
U . S. a n d N a tio n a l ban k n o te s ......................................
T o ta ls ..........................................................
L ia b ilitie s.
C a p ita l sto ck p a id in ...........................................
S u rp lu s fu n d .........................................................................
U n d iv id e d p ro fits................................................................
D iv id e n d s u n p a id ..........................................................
D u e to ban k s a nd b a n k e rs...............................................
C ertified c h e c k s ....................................................................
C a sh ier’s c h e ck s o u tsta n d in g ................... ...................
S a v in g s d e p o sits...................................................................
N o tes a nd b ills re-d isco u n te d .............................„.......
B ills p a y a b le .......................................................................
T o ta ls .................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 3 3 ,2 8 7 08
THE BANKING DEPARTMENT.
I ll
No. 35.
"W ILLIAM STON STA TE B A N K , OF W IL L IA M S T O N .
O rganized A u g u st 30,1888.
J a m e s B. D a k i n , P resident; C h a s . W . B e a r d s l e y , Vice P residen t ; B i o n W ix s o n , Cashier.
D i r e c t o r s —J o h n B. D a k in , W m . D ennis, Jno. J. R elile, T heo. H offm an, S. V , T aylor, B ion W ix s o n ,
M. Y . Jessop, Jno. J. D efen d orf, C has. W . B eardsley.
Report of
J uly 12.
R esou rces.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d is c o u n t s ..................................................................................
$61,753 46
$64,065 81
$69,116 34
S to ck s, bonds a nd m o r tg a g e s..................................................................
1,165 00
1,000 00
1,000 00
117 04
364 81
686 16
6,785 54
4,194 41
4,996 67
B a n k in g h o u se ....................................................................................
3,400 00
3,000 00
3,000 00
F u rn itu r e an d fix tu r es................................................................................
1,200 00
1,600 00
1,600 00
7 35
123 19
3 60
C hecks a nd c a sh ite m s ...................................................................
320 70
46 39
356 24
N ic k e ls a n d p e n n ie s .......................................................................
14 13
35 38
2,200 00
150 00
O v e r d r a fts .........................- ......................... ......................................
D u e fro m h a n k s in reserv e c i t i e s .................................................
D u e fro m o th er h a n k s a nd h a n k ers......................................................
O ther rea l e s t a te ...............................................................................
C u rren t ex p en ses and ta x e s p a id ..........................................................
In te r est p a id ................... 1.............................................................................
E x ch a n g e s fo r c le a rin g h o u se .................................................................
G old c o in ...........................................................................................................
S ilv er c o in ...................................................................................................
873 00
299 48
299 36
4,603 00
600 00
5,175 00
.................
$82,439 22
$75,294 09
$86,418 75
C a p ita l sto ck p aid in ............................................................................
$50,000 00
$50,000 00
$50,000 00
2,417 43
3,612 54
U . S. a n d N a tio n a l han k n o tes ..............................................................
T o ta ls......................................................................
L ia b ilities.
S u rp lu s fu n d ..................................................................................................
375 00
U n d iv id e d profits..........................................................................................
D iv id en d s u n p a id ..........................................................................................
633 16
690 00
In d iv id u a l deposits su b ject to c h e c k ...................................................
18,684 38
5,690 80
17,373 68
C ertifica tes of d e p o sit.................................................................................
11,337 41
15,990 75
17,346 91
$75,294 09
$86,418 75
D ue to b an ks and b an k ers......................................................... ..............
C ertified c h e c k s .............................................................................................
C a sh ier’s ch eck s o u t s t a n d in g ...............................................................
S a v in g s d e p o sits...........................................................................................
N o tes and b ills re-d isco u n ted ..................................................................
B ills p a y a b le ....................................................................................................
T o ta ls...........................................................................................................|
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
)
$82,439 22
112
REPORT OF THE COMMISSIONER OF
No. 64.
W Y A N D O T T E S A V IN G S B A N K , W Y A N D O T T E .
O rganized N o v em b er 20, 1871.
J . S.'/V a n A l s t y n e , P resident; F r e d e r i c k B. S i b l e y , Vice P residen t ; W . V a n M i l l e r , Cashier.
D ir e c t o r s —E u sta c e 0 . B ow m an, S id n e y D . M iller, C has. W . T hom as, E d m u n d P. C hristian J S
V a n A lsty n e , S id n ey T. M iller, W . V an M iller, F red erick B. S ib ley.
’
R eport o f
M a y 13.
R eport of
J u l y 12.
R eport of
S e p t. 30.
R eport o f
D e c . 11.
L oans a nd d isc o u n ts..............................
$ 1 0 4 ,5 4 2 5 4
$ 1 1 0 ,0 5 2 61
$ 1 0 2 ,9 2 7 29
$ 1 1 6 ,6 8 6 4 2
S tock s, bonds a nd m o rtg a g es..............
100,000 00
1 1 5 ,0 0 0 00
1 1 5 ,0 0 0 00
1 1 5 ,0 0 0 00
R esources.
O v erd ra fts...................................................
7 0 62
D ue fro m b a n k s in reserv e c itie s ___
2 4 ,9 6 3 57
3 2 ,5 1 9 27
2 3 ,7 3 6 72
2 3 ,8 7 1 39'
1 ,5 6 4 57
1 ,5 6 4 57
1 ,6 4 7 53
1 ,6 4 7 53:
760 73
1 ,1 9 4 2 3
D u e fro m o th er b a n k s a nd b a n k e rs.
B a n k in g h o u se...........................................
F u rn itu re an d fix tu r es...........................
O ther r ea l e s t a t e ....................................
C urrent ex p en ses a n d ta x e s p a id ___
9 1 8 25
in te r e s t p a i d ............................................. .
E x ch a n g e s fo r c le a rin g h o u se ............
C hecks a nd c a sh ite m s.......................... .
N ic k e ls an d p e n n ies................................
G old c o i n ..................................................... .
12 94
9 34
2 8 98
41 9 3
585 0 0
1 ,6 8 0 00
1,020 00
3 9 5 CO
S ilv er c o in ....................................................
530 00
100 00
230 00
90 00
U . S. a n d N a tio n a l ban k n o te s ...........
4 ,6 6 1 00
325 00
4 ,4 2 8 0 0
5 ,0 6 6 0 0
$237,777 87
$261,250 79
8249,849 87
8263,992 50
$50,000 00
$50,000 00
$50,000 00
$50,000 00
12,025 17
7,771 02
10,913 71
8,501 43
69,996 07
86,863 81
77,541 56
85,865 25
7,240 00
7,240 00
7,240 00
105,756 63
109,375 96
104,154 60
107,385 82
8237,777 87
$261,250 79
$249,849 87
$263,992 50
T o ta ls ............................ ....................
L ia b ilities.
C a p ita l sto ck p aid in ............. ......................................
Su rp lus f u n d ..........................................................
5,000 00
U n d iv id e d profits..... .............. ....................................
D iv id en d s u n p a id ................................................................
I n d iv id u a l deposits, su b je c t to c h e c k .................
C ertifica tes o f d e p o sit.......................................................
D u e to ban k s a nd b a n k e rs...............................................
•
C ertified c h e c k s .............................................
C a sh ier’s ch eck s o u t s ta n d in g .......................................
S a v in g s d ep o sits........... .............................................
N o tes a nd b ills r e-d isco u n te d ......................................
B ills p a y a b le .............................................
.
T o ta ls ..................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
113
THE BANKING DEPARTMENT.
No. 86.
Y P S IL A N T I SAYING-S B A N K , Y P S IL A N T I.
O rganized A p r il 30, 1887.
D. C. B a t c h e l d e r , President; S. M. C u t c h e o n , Vice President; R . W . H e m p h i l l , Cashier.
D i r e c t o r s —D on C. B a tc h e ld e r , R ob ert W . H em p h ill, H. [P. G lover, S tep h en Moon, S u lliv a n M.
C utcheon.
Report of
July 12.
Report of
Sept. 30.
Report of
Dec. 11.
L oans an d d isc o u n ts....................................................................................
$175,585 41
$173,117 03
$187,096 22
S to ck s, bonds an d m o r tg a g e s .-..............................................................
23,519 00
33,806 00
33,879 00
980 08
261 04
362 28
30,756 53
26,255 51
9,153 46
R esou rces.
O v e r d r a fts .........................- .............................................................
D u e fro m b a n k s in reserv e c i t i e s ............................................
D u e from o th er b a n k s and b a n k ers...............................................
4,754 07
11,486 97
1,326 68
B a n k in g h o u se ..........................................................................................
28,000 00
28,000 00
28,000 00
2,000 00
2,000 00
2,000 00
F u rn itu r e an d fix tu r es.................. .............................................
O th er rea l e s t a te ........................................... ...........................................
C urren t ex p en ses an d ta x e s p a id ..........................................................
3,055 93
4,839 25
6,172 67
In te r est p a id ...................................................................................................
3,109 85
4,002 73
6,092 97
E x ch a n g e s fo r clea rin g h o u s e ............... .................................................
1,195 67
C h eck s and c a sh ite m s ...............................................................................
575 75
N ic k e ls an d p e n n ie s ...................................................................................
62 02
G old c o in ..................................................................................................... .
S ilv er c o in ...............................................................................
.
1,000 00
..
116 00
69 72
746 43
26 21
4,719 00
700 00
208 81
300 00
U . S. a nd N a tio n a l b an k no tes .............................................................
11,485 00
7,669 00
4,400 00
T o ta ls...........................................................................................................
$286,779 31
$297,111 77
8278,995 21
$50,000 00
$50,000 00
$50,000 00
7,770 22
10,513 90
14,619 15
L ia b ilities.
C a p ita l sto ck paid in .................... ..............................................................
Su rp lus fu n d ...............................................................................................
U n d iv id ed p rofits...........................................................................................
D iv id en d s u n p a id ..........................................................................................
I n d iv id u a l d ep o sits su b ject to c h e c k ............................................. .
C ertifica tes o f d e p o s it................................................................................
80,389 45
87,435 71
78,235 00
132,445 95
127,379 59
111,815 47
16,173 69
21,782 57
24,325 59
D u e to ban k s a n d b a n k ers........................................................................
C ertified c h e c k s .............................................................................................
C ash ier’s c h e ck s o u tsta n d in g .................................................................
S a v in g s d e p o sits............................................................................................
N o te s a nd b ills re-d isco u n te d .......................................................... .......
B ills p a y a b le ...................................................................................................
T o ta ls .................................. ........................................................................
15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
i
;
$286,779 31
8297,111 77
$278,995 21
114
REPORT OF THE COMMISSIONER OF
T H E M IC H IG A N T R U S T COM PANY, G R A N D R A P ID S .
L e w is H . W i t h e y , P resident; W i l l a r d B a r n h a r t , Vice P residen t ; D a r w in D . C o d y , 2d Vice
P resid en t ; H e n r y I d e m a , 3d Vice P residen t ; A n t o n G. H o d e n p y l , Secretary.
D ir e c t o r s —L. H . W ith e y , W . B a rn h a rt, T. D . G ilbert, D . D . Cody, J u liu s H ou sem an , A . D .
R ath b o n e, H. J. H o lliste r , D. H . W a te r s, J .M . B a rn ett, W m . Sears, C has. F o x , T. S tew a r t
W h ite , R . B. W oodcock, N . L. A v e r y , S. B. J en k s, Jno. W . C ham p lin, H. Id em a, A . G.
H o d en p y l, W . W . C um m er, E. G. F iler, C. H . H a c k le y .
R esources.
Report of
Sept. 30.
Report of
Dec. 11.
L oans a n d d isc o u n ts...............................
$37,750 00
$32,626 65
Stock s, bonds a nd m o r tg a g e s.............
55,373 50
134,200 00
25,558 95
37,610 71
563 89
O v e r d r a fts-.................................................
D ue fro m b a n k s in reserve c itie s ___
D ue fro m o th er b a n k s an d hankers.
B a n k in g h o u se ..........................................
F u rn itu re an d fix tu r es.........................
288 99
In te r e s t p a id ..............................................
178 10
C urren t e x p en ses and ta x e s p a id ...
2,185 39
P r o fit a n d lo ss...........................................
48 00
828 90
P rem iu m s p a id .........................................
157 50
C h eck s a n d c a sh ite m s ...........................
2,250 00
N ic k e ls an d p en n ies................................
G old c o in .....................................................
S ilv er c o in ..................... .............................
U . S. an d N a tio n a l ban k n o tes...........
T otals.
296 19
426 77
$111,760 70
$208,581 84
8104,625 00
$199,500 00
L ia b ilities.
C ap ital sto c k paid i n ..................................
S u rp lu s fu n d ................................................
U n d iv id ed profits........................................
D iv id en d s u n p a id ........................................
I n d iv id u a l dep osits, su b je c t to check .
C ertificates o f d ep o sit................................
D u e to b a n k s a nd h a n k ers......................
C ertified c h e c k s ...........................................
C a sh ier’s ch e ck s o u tsta n d in g ...............
S a v in g s d e p o s its ..........................................
N o tes a nd b ills r e-d isco u n te d ................
B ills p a y a b le .................................................
T o ta ls ........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,408 07
115
THE BANKING DEPARTMENT.
T H E TR U ST, D E P O S IT A N D S E C U R IT Y COM PANY,
D ETR O IT.
W m . B. W e s s o n , President; J e r o m e C rotjx , Vice President; S. D . E l w o o d , Secretary and Treasurer;
W m . A . M o o r e , A ttorney.
D ir e c t o r s —W . B. W esso n , Jero m e C roul, S. D . E lw ood, W . A . M oore, J. S. F arran d , H erm an
K iefer, F r a n c is A d am s.
R esources.
Report of
May 13.
Report of
July 12.
Tjoana and d is c o u n ts _________________ ___________
S to ck s, bonds a n d m o r tg a g e s____________________
O v e r d r a fts _________________________________ ____
D u e fro m b a n k s in reserv e c it ie s ......... . . ....................
D u e fro m o th er ban k s a n d b a n k e r s ............................
B a n k in g h o u s e ________________ ___________ ______
F u rn itu r e a nd fix tu r es ..................... ...............................
O th er r ea l e s t a t e ________ ______ ____ ___________
C urren t ex p en ses a n d ta x e s p a id ................................
In te r e st p a id ...........................................................................
E x ch a n g e s fo r c le a rin g h o u se .......................................
C hecks a nd c a sh it e m s ............................................. .......
N ic k e ls a nd p en n ies............................................................
G old c o in .................................................................................
S ilv e r c o in _______________________________________
U . S. an d N a tio n a l h a n k n o te s ......................................
T o t a ls ..________ _____ _______________________
L ia b ilities.
C a p ita l sto ck p a id i n . ........................................................
S u rp lu s fu n d .........................................................................
U n d iv id e d p r o fits...............................................................
D iv id e n d s u n p aid .................................................................
In d iv id u a l d ep o sits, su b je c t to c h e c k ........................
C ertifica tes o f d e p o sit........................................................
D u e to h a n k s a nd h a n k e rs..............................................
C ertified c h e c k s ...................................................................
C a sh ie r ’s ch e ck s o u tsta n d in g .......................................
S a v in g s d e p o s it s .................................................................
N o te s an d h ills r e -d isc o u n te d .......................................
B ills p a y a b le ........................................................................
T o ta ls ............................................................... ...............
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
■
Report of
Sept. 30.
Report of
Deo. 11.
116
REPORT OF THE COMMISSIONER OF BANKING DEPARTMENT.
F ID E L IT Y L O A N A N D T R U S T COM PANY, D ETR O IT.
R . W . G i l l e t t , President ; F . W . H a y e s , Vice President ; J. P . G-il m o r e , Secretary.
D ir e c t o r s —R . W . G-illett, W m . H. E llio tt, J a s. D. S ta n d ish , F. W . H a y e s, Jas. E . D avis, A . E. F .
W h ite, C. A . B la c k , H . S. P in g r ee , J n o . C anüeld , W . R. B u rt, W . D. P resto n .
R eso u rces.
Report of
Deo. 11.
L o a n s an d d is c o u n ts ............................................................................................................. ...............................
S tock s, bon ds an d m o r tg a g e s ..........................................................................................................................
O v erd ra fts........................................................................... .....................................................................................
D u e fr o m b a n k s in reserv e c i t i e s ..................................................................................................................
81,761 57
D u e fr o m o th er b a n k s a n d b a n k e r s .............................................................................................................
B a n k in g h o u se ......................................................................................................... . ............................................
F u rn itu r e an d fix tu res and e x p e n s e .............................................................................................................
34,769 63
O ther r ea l e s t a te ............................................................................................................. ......................................
C urren t e x p en ses an d ta x e s p a id ....................................................................................................................
I n te r e s t p a id .................................................... - ......................................................................................................
E x ch a n g e s fo r cle a rin g h o u se ..........................................................................................................................
C h eck s a n d c a sh ite m s ........................................................................................................................................
N ic k e ls a n d p e n n ie s .............................................................................................................................................
G old c o in .......................................................................................................................... ......................................
S ilv e r c o in .......... .....................................................................................................................................................
U . S. an d N a tio n a l b a n k n o t e s ...................... ................................................................................................
T o ta ls..................................................................................................................................................................
$36,531 20
L ia b ilitie s.
C a p ita l sto ck p aid i n ...........................................................................................................................................
$30,000 00
S u rp lu s fu n d ............................................................................................................................................................
U n d iv id ed p rofits...................................................................................................................................................
6,531 20
D iv id en d s u n p a id ...................................................................................................................................................
I n d iv id u a l d ep osits, su b ject to c h e c k ......... ...............................................................................................
C ertificates of d ep o sit..........................................................................................................................................
D u e to b a n k s and b a n k ers.................................................................................................................................
C ertified c h e ck s................... .................. ................................................................................................................
C a sh ier’s ch e ck s o u tsta n d in g ....................................................................................... ................................
S a v in g s d ep osits................................................................................................ .....................................................
N o te s and b ills r e -d is c o u n te d ..........................................................................................................................
$
B ills p a y a b le .................................. t .......................................................................................................................
T o ta ls ...................................................................................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$36,531 20
G E N E R A L B A N K I N G LAW
ST A T E OE M IC H IG A N .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PUBLIC ACT NO. 205, 1887.
AS AMENDED JULY 8, 1889.
[No. 205.]
AN ACT to revise the laws authorizing the business of banking,
and to establish a banking department for the supervision of
such business.
S e c t io n 1. The People of the State of Michigan enact, That gSst&
^ [ \ ° ”gfor
any number of persons, not less than five (5), may associate to banks, etc.
establish offices of discount and deposit to be known as commer
cial banks, and also to establish offices of loan and deposit to be
known as savings banks, or to establish banks having depart
ments for both classes of business, upon the terms and conditions
and subject to the liabilities prescribed in this act, but the aggre- CaP{tal Btockgate amount of the capital stock of any such bank shall not be
less than one hundred thousand dollars ($100,000), except that
banks with a capital of not less than twenty-five thousand dollars
($25,000) may be organized in a city or village, the population
of which does not exceed five thousand inhabitants, and with a
capital of not less than fifty thousand dollars ($50,000) in a city or
village the population of which does not exceed twenty thousand
(20,000) inhabitants. No bank shall take as security for any secu rity
loan or discount a lien upon any part of its capital stock. The loans, etc.
same security in kind and amount shall be required of stockhold
ers and of persons not stockholders. No bank shall be the holder
or purchaser of any portion of its capital stock unless such pur- stock, etc.
chase shall be necessary to prevent loss upon a debt previously
contracted in good faith. Stock so purchased shall in no case be
held by the bank for a longer time than six months, if the stock
can be sold for what it cost, and it must be sold for the best price
obtainable within one year, or cancelled as hereinafter provided
for the reduction of capital stock : Provided, That the provisions Proviso as to
of this act as to the amount of capital shall not apply to any bank cap ital stock,
now organized and doing business at the time of the passage of
this act.
S ec . 2. The persons associating shall execute articles of incor- ^corporation,
poration, which shall specify:
w hat to specify.
First, The name assumed by such bank, which shall be, in no
material respect, similar to the name of any other bank organized
under the laws of this State;
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Federal Reserve Bank of St. Louis
120
GENERAL BANKING LAW OF
t
A cknow ledg
m en t of
articles.
How execu ted
and w here filed,
etc.
Corporate
powers.
Proviso.
Second, The county and city or village where such bank is to
be located and to conduct its business;
Third, The nature of its business, whether that of a commer
cial bank, savings bank, or both;
Fourth, The amount of its capital stock, which shall be divided
into shares of one hundred dollars each;
Fifth, The names and places of residence of the stockholders,
and the number of shares held by each of them ;
Sixth, The period for which the bank is organized, which
shall not exceed thirty (30) years. Such articles of incorporation
shall be acknowledged before any officer authorized by the laws
of this State to take and certify acknowledgments.
S e c . 3. Such articles of incorporation shall be executed in
triplicate, one of which shall be recorded in the office of the
county clerk for the county in which the bank is located, one
filed in the office of the Commissioner of the Banking Department,
and one filed in the office of the Secretary of State. Such articles
of incorporation, or copies thereof, duly certified by either of
said officers, may be used as evidence in all courts for and against
such bank.
S ec . 4. U p o n m a k in g and filin g th e a r tic le s o f in c o r p o r a tio n
req u ired b y th is a ct th e b a n k sh a ll b e co m e a b o d y co rp o r a te , an d
as su c h sh a ll h a v e p ow er:
First, To adopt and use a corporate seal;
Second, To have succession for the period of years named in the
articles of incorporation;
Third, To make contracts ;
Fourth, To sue and be sued in any court of law or equity as
fully as natural persons;
Fifth, To elect or appoint directors, who shall choose from
their members a president and one or more vice-presidents, and
shall have power to appoint and employ a cashier or treasurer,
and other officers, define their duties, require bonds from such
officers and clerks, dismiss such officers so elected or appointed,
or any of them, at pleasure, and elect or appoint others to fill
their places;
Sixth, To prescribe by its board of directors by-laws not
inconsistent with law, regulating the manner in which its stock
shall be transferred, its directors and officers elected or appointed,
its stockholders convened for special meetings, its property trans
ferred, its general business conducted and the privileges granted
to it by law exercised and enjoyed;
Seventh, To exercise by its board of directors or duly author
ized officers or agents, subject to law, all such powers as shall be
necessary to carry on the business of banking by discounting and
negotiating promissory notes, drafts, bills of exchange and other
evidences of debts, by receiving deposits, by buying and selling
exchange, coin and bullion, and by loaning money on personal
and real security as provided hereinafter; but no such bank shall
take or receive more than the rate of interest allowed by law in
advance on its loans and discounts’: Provided, That this restric-
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Federal Reserve Bank of St. Louis
THE STATE OF MICHIGAN.
121
tion shall not authorize any transaction for a less sum than fifty
cents; and no hank shall transact any business except such as is
incidental and necessarily preliminary to its organization until
it has been authorized by the Commissioner of the Banking
Department to commence the business of banking.
Sec. 5. At least fifty per cent of the capital stock of every oae-haif capital
bank shall be paid in before it shall be authorized to commence in°beforebcom-d
business,, and the remainder of the capital of such bank shall be
paid in in monthly installments of at least ten per cent on the howpaid,
whole of the capital, payable at the end of each succeeding month
from the time it shall be authorized by the Commissioner of the
Banking Department to commence business, and the payment of
each installment shall be certified to the Commissioner, under
oath, by the president, cashier or treasurer of the bank.
S e c . 6 . Whenever any stockholder or his assignee fails to pay delinquent01
any installment on the stock when the same is required by the Installm ents
preceding section to be paid, the directors of such bank may sell onstockthe stock of such delinquent stockholder at public sale, as they
shall deem best, having first given the delinquent stockholder
twenty days’ notice, personally or by mail at his last known
address. If no bidder can be found who will pay for such stock
the amount due thereon to the bank, with any cost incurred, the
amount previously paid shall be forfeited to the bank, and such
stock shall be sold as th,e directors may order, within six months
from the time of such forfeiture, and if not sold it shall be can
celled and deducted from the capital of the bank. If sold before ^posnio^of6’
cancellation, any surplus over the amount due on said stock to surplus,
said bank, including all costs incurred thereon, with interest for
the time delinquent, shall be returned to the original stockholder,
his heirs or assigns. If such cancellation shall reduce the capital Proceedings in
of the bank below the minimum required by law, the said capital tion reduces*'
shall, within thirty (30) days from the date of such cancel] ation, m °nim uS?w
be increased to the required amount by additional subscriptions,
in default of which a receiver may be applied for by the Commis
sioner of the Banking Department, with the advice and consent of
the Attorney General, to close up the business of the bank.
Sec. ?. Whenever articles of incorporation are filed with the Examination of
Commissioner of the Banking Department, as provided in this act, Trank by Oomand the bank transmitting the same notifies the Commissioner mlssl0nerthat at least fifty per cent of its capital has been duly paid in, and
that such bank has complied with all the provisions of this
act required before the bank shall be authorized to commence
business, the Commissioner shall examine into the condition of
such bank, ascertain the amount of money paid in on account of
its capital, the name and place of residence of each of its directors,
and the amount of capital stock of which each is the owner in
good faith, and whether such bank has complied with all the
other provisions of this act required to entitle it to engage in the
business of banking. If upon such examination it appears that
such bank is lawfully entitled to commence business, the Commis- to com m ence
sioner shall, within thirty (30) days after receiving notice that buslness-
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Federal Reserve Bank of St. Louis
122
Publication of
certificate.
Shares of stock
deem ed per
sonal property,
w hen not transferable.
Bank may
increase or
reduce capital.
When such
action valid.
Purposes for
w hich real
estate m ay be
held, etc.
GENERAL BANKING LAW OF
fifty per cent of its capital has been paid in, give to such bank a
certificate under bis hand and official seal that such bank has
complied with all the provisions required before commencing
business, and that such bank is authorized to commence business;
but the Commissioner, with the advice and consent of the Attorney
General, may withhold such certificate whenever he has reason to
believe that the stockholders have formed the same for any other
than the legitimate business contemplated by this act.
%
S ec . 8. The bank shall cause the certificate issued under the
preceding section to be published in some newspaper printed in
the city, village or county where the bank is located, at least once
in each week for six successive weeks, the first publication to be
made within ten days after the receipt of said certificate, or, if
no newspaper is there published, then in a newspaper published
at the nearest county seat.
S e c . 9. The shares of stock of such bank shall be deemed
personal property, and shall be transferred on the books of the
bank in such manner as the by-laws thereof may direct, but no
transfer of stock shall be valid against a bank so long as the reg
istered holder thereof shall be liable as principal debtor, surety
or otherwise to the bank for any debt which shall be due and
unpaid, nor in such case shall any dividend, interests or profits
be paid on such stock, so long as such liabilities continue, but
all such dividends, interest or profits shall be retained by the
bank and applied to the discharge of such liabilities; and no stock
shall be transferred on the books of any bank without the consent
of the board of directors, where the registered holder thereof is
in debt to the bank for any matured and unpaid obligations.
S e c . 10. A bank may increase or reduce its capital at any
time by a vote of its stockholders representing two-thirds of
the capital had at a meeting duly called for that purpose. A cer
tificate of that fact shall be executed by its officers, including a
majority of its directors, and filed as required for articles of incor
poration. But no increase shall be valid until the amount
thereof has been subscribed and actually paid in ; and no reduc
tion shall be made to a less amount than is required in section
one for capital, nor be valid or warrant the cancellation of stock
certificates, or diminish the personal liability of stockholders
until such reduction has been approved by the Commissioner of
the Banking Department. Such approval must be based upon a
finding by him that the security of existing creditors of the bank
will not be impaired by the proposed reduction.
S e c . 11. A bank may purchase, hold and convey real estate
for the following purposes, but no other:
First, Such as shall be necessary for the convenient transac
tion of its business, including with its banking office, other apart
ments to rent as a source of income, but which shall not exceed
fifty per cent of its paid-in capital;
Second, Such as shall be conveyed to it in satisfaction of debts
previously contracted in the course of its business ;*
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Federal Reserve Bank of St. Louis
THE STATE OF MICHIGAN.
123
Third, Such as it shall purchase at sale under judgments,
decrees or mortgage foreclosures under securities held by it; but a
bank shall not bid at any such sale a larger amount than to sat
isfy its debt and costs. Real estate shall be conveyed under the how conveyed,
corporate seal of the bank, and the hand of its president, or vicepresident, and cashier or treasurer. No real estate acquired in Limit of time
the cases contemplated in the second and third sub-sections above of holdlngshall be held for a longer time than five years. If not sold before
the expiration of said five years it must be sold at private or
public sale within thirty days thereafter.
d ir e c t o r s .
S ec . 12. The affairs of each bank shall be managed by a board Affairs to be
of not less than five directors, who shall be elected by the stock- board of dlrecholders and hold office for one year, and until their successors are ^ t®leetlon
elected and have qualified. A majority of the board of directors
shall constitute a quorum for the transaction of business: Pro- Proviso.
vided, That when the number of directors shall exceed nine, they
shall once in three months designate by resolution nine mem
bers, any five of whom shall constitute a quorum. In the first F irst and subinstance the directors shall be elected at a meeting held before ofTirectorT1100
the bank is authorized to commence business by the Commis
sioner, and afterwards at the annual meeting of stockholders to
be held on the second Tuesday in December of each year; and if
for any cause an election is not had at that meeting it may be
held at a subsequent meeting called for that purpose, of which
due notice shall be given as provided in the by-laws adopted
by such bank. At a meeting of stockholders for election of w h o en titled to
directors each share shall entitle the owner to one vote for each vo e'
director, but no stockholder shall be entitled to vote who is
indebted to the bank upon any obligation past due. A stockholder Proxy,
may vote at any meeting of the corporation by a proxy in writing
signed by him, but no officer, clerk, teller or book-keeper of such
corporation shall act as proxy. Every director must own and ^rhe°c“^ oath
hold in his own name not less than ten shares of the capital of, etc.
stock of such bank. He shall take and subscribe an oath that he
will diligently and honestly perform his duties in such office, and
will not knowingly violate, or permit to be violated, any provision
of this act; that he is the owner in good faith of stock of the
bank, as required to qualify him for such office, standing in his
name on the books of the bank, and that such stock is not pledged
as security for any debt; such oath shall be transmitted to the
Commissioner and filed in his office. Any vacancy in the board
of directors shall be filled by the board, and the directors so
appointed shall hold office until the next election.
S e c . 13. The board of directors of a bank may declare a divi- ^ f uesnfunadnd
dend of so much of the net profits of the bank, after providing
for all expenses, losses, interest and taxes accrued or due
from said bank, as they shall judge expedient; but before any
such dividend is declared not less than one-tenth of the net
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Federal Reserve Bank of St. Louis
124
GENERAL BANKING LAW OF
profits of the bank for the preceding half year, or for such period
as is covered by the dividend, shall be carried to a surplus fund
until such surplus shall amount to twenty per cent of its capital
stock.
Fraudulently
S e c . 14. The directors and officers of any bank who shall
receiving
deposits, etc.,
fraudulently and with intent to cheat and defraud any person,
a m isdem eanor.
receive any deposit, knowing, or having good reason to believe,
that such bank is insolvent, shall be deemed guilty of a misde
P en alty for.
meanor, and punished, upon conviction thereof, by a fine not to
exceed one thousand dollars, or imprisonment in the county jail
or State House of Correction and Eeformatory at Ionia for a
period not exceeding one year, or both such fine and imprison
ment, at the discretion of the court.
L ist of stock
S e c . 15. Every bank shall at all times keep a correct list of
holders to he
the names of all its stockholders, and once in each year on the
filed annually.
second Monday of April, file in the office of the county clerk and
with said Commissioner a correct copy of such list.
Banks re-organ
S e c . 16. Any State bank re-organized under the laws of the
izin g under U.
S. law s liable,
United
States as a national bank, as soon as it shall have obtained
etc.
the certificate from the controller of the currency authorizing it
to commence business under the United States banking laws,
shall retain and hold all the assets, real and personal, which it
acquired during its existence under this act, and shall hold the
same subject to all liabilities existing against said bank at the
time of its re-organization.
Banks existin g
S e c . 17. Whenever any bank existing under the laws of the
under U. S. laws
m ay re-organlze United States is authorized to dissolve, and shall have taken the
under th is act,
etc.
necessary steps to effect dissolution, it shall be lawful for a
majority of the directors of such bank, upon the authority in
writing of the owners of two-thirds of its capital steck, with the
approval of the Commissioner, to execute articles of incorporation
as provided in this act, which articles, in addition to the require
ments above, shall further set forth the authority derived from
the stockholders of such dissolved national bank, and upon filing
the same as hereinbefore provided upon the organization of
banks, the same shall become a bank under the laws of this State.
Thereupon all assets, real and personal, of said dissolved national
bank shall, by act of law, be vested in and become the property of
such State bank, subject to all liabilities of said national bank
not liquidated under the laws of the United States before such
re-organization.
P en alty for
S e c . 18. Every officer, clerk, agent or employé of a bank who
violation of
th is act.
shall knowingly aid or assist in a violation of any of the pro
visions of this act, shall, upon conviction, be deemed guilty of a
misdemeanor, and punished as provided in section fourteen of
this act.
When check
S e c . 19. It shall not be lawful for any officer, clerk, agent or
may be certi
fied.
employé of a bank to certify a check unless the amount thereof
actually stands to the credit of the drawer upon the books of the
bank, or to resort to any device, or receive any fictitious obliga
tions, direct or collateral, in order to evade the provisions of this
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Federal Reserve Bank of St. Louis
THE STATE OF MICHIGAN.
125
prohibition ; and any officer, clerk, agent or employé who shall Penaity^for^
attempt any such evasion shall, upon conviction thereof, be s e c t i o n ,
deemed guilty of a misdemeanor, and punished as provided in
section fourteen of this act.
S ec. 20.
If the board of directors, or a quorum thereof, of a w hencharter
bank shall knowingly violate, or knowingly permit any of the felted ,
officers, agents or employés of the bank to violate any of the
provisions of this act, and after warning from the Commissioner
shall fail to make good all loss and damage resulting from such
acts or omissions, such conduct shall constitute a ground for a
forfeiture of the charter and privileges of said bank ; and it shall
be the duty of the Commissioner, with the assent of the Attorney
General, to institute proceedings to enforce such forfeiture and
to secure a dissolution and liquidation of said bank.
EEPO ETS.
S e c . 21. Every bank shall make to the Commissioner of the Eeportstobe
Banking Department not less than four reports during each calen- m lssioner not
dar year, at such times as said Commissioner shall require the ^Vs^TchTear.
same, according to the forms which he shall prescribe and fur
nish. Such reports shall be verified by the oath or affirmation of
the president, vice-president, cashier or treasurer thereof, and
signed by at least three of the directors. Such reports shall ^iM^etc18 t0
exhibit in detail, and under appropriate heads, the resources,
assets and liabilities of the bank at the close of business of
any past day by him specified, and shall be transmitted to said
Commissioner within five days after the receipt of a request there
for from him, and in the same form such reports shall be pub
lished in a newspaper in the city, village or county where such
bank is located, and proof of publication shall be furnished to
said Commissioner. Such Commissioner shall also have the power specia^an<i
to call for special reports from any bank or banks whenever, in reports,
his judgment, the same are necessary to inform him fully of the
condition of such banks. In addition to the reports required
above, each bank shall report to the Commissioner within ten
days after declaring any dividend the amount of such dividend,
the amount carried to surplus fund, and the amount of net earn
ings in excess thereof ; such report to be verified by the oath or
affirmation of one of the executive officers of the bank.
S ec. 22.
Every bank failing to make and transmit to the Commissioner any of the reports required by this act shall be subject r e p o r t..
to a penalty of one hundred dollars for each day after the time
mentioned above for making such reports. Whenever any bank How recovered,
delays or refuses to pay the penalty herein imposed for a failure
to make and transmit a report the Commissioner is hereby
authorized to maintain an action in the name of his office against
the delinquent bank for the recovery of such penalty, and all
sums collected by such action shall be paid into the State treasury
and applied upon the expenses of the banking department.
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Federal Reserve Bank of St. Louis
126
GENERAL BANKING LAW OF
C O M M E R C IA L B A N K S .
S ec . 23. Any bank which by its articles of incorporation shall
designate its business as that of a commercial bank shall have
power to carry on the business of banking as prescribed and lim
ited in this act, but it shall not lend to exceed fifty per cent of
its capital stock upon mortgage or any other form of real estate
security, and then only upon the adoption of a resolution by a
two-thirds vote of the board of directors stating to what extent its
E xception.
officers may loan on real estate, as herein provided, except to
secure a debt previously contracted in good faith on personal
security deemed at the time adequate to secure such loan.
In te rest on
S e c . 24. Commercial banks may allow interest on accounts
d eposits, etc.
or certificates of deposit, but all deposits in such banks shall be
payable on demand without notice, except when the contract of
deposit otherwise provides. Said banks may invest their capital
and deposits, except the reserve provided for in this section, in
negotiable or commercial paper, or loan the same upon personal
R eserve,
securities. Each bank shall keep on hand at all times at least
amount of, etc.
fifteen per cent of its total deposits, except that in cities of over
one hundred thousand population each of such banks shall keep
on hand 20 per cent of its deposits, one-half of which reserve shall
be in lawful money, and the balance may be in funds, payable on
demand, deposited in banks in cities, approved by the Commis
sioner as reserve cities.
Proceedings in
S e c . 25. Whenever the reserve of any commercial bank shall
case th e reserve
fall below the amount above required, such bank shall not increase
falls helow
required
its liabilities by making any new loans, or discounts, otherwise
amount.
than by discounting or purchasing bills of exchange payable at
sight or on demand, and the Commissioner of the Banking Depart
ment may notify any bank whose reserve shall be below the
amount above required to make good such reserve, and in case the
bank shall fail for thirty days thereafter to make good its reserve
the Commissioner may, with the concurrence of the Attorney
General, institute proceedings for the appoinment of a receiver
to wind up the business of the bank.
Lim it of amount
loaned on real
estate security.
SA Y IN G S B A N K S .
D eposits,
repaym ent of,
e tc .
S e c . 26. Any bank which, by its articles of incorporation, shall
designate its business as that of a savings bank, shall have power
to carry on the business of banking as prescribed and limited in
this act, and may receive on deposit money offered by tradesmen,
mechanics, laborers, servants, minors, and other persons; and all
deposits in said banks shall be repaid to the depositors, or his or
her lawful representatives when required at such time or times and
with such interest and under such regulations as the board of
directors of the bank from time to time prescribes, which regula
tions shall be printed and conspicuously exposed in some place
accessible and visible to all in the business office of said bank.
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Federal Reserve Bank of St. Louis
THE STATE OF MICHIGAN.
127
S e c . 27.
A savings bank shall keep on hand at least fifteen Reserve to be
(15) per cent of its total deposits in money in its own vaults or kept‘
on deposit payable on demand with banks, national or State, in
cities approved by the Commissioner as reserve cities or invested
in United States bonds; three-fifths of the remainder of its s a v - how
ings deposits shall be invested by the board of directors in bonds
of the United States, or of this State, or in the bonds of any
other State of the United States: Provided, That such State has Proviso as to
not in the ten years preceding the time of such investment, repu- stages?1other
diated its debt and failed to pay the same or the interest due
thereon or upon any part of such debt; or in the public debt or
bonds of any city, county, township, village or school district of
any State in the United States which shall have been authorized
by the legislature of such State: Provided, The total indebted- ^ 0^ 0^ ^
ness of such municipality does not exceed five per cent of the pantiesmumtv
assessed valuation, except by a vote of two-thirds of the board of
directors such bonds may be purchased if the total liabilities do
not exceed ten per cent of its assessed valuation, or loan the
same upon negotiable paper secured by any of the above mentioned
classes of security; or upon notes, or bonds, secured by mort
gage lien upon unincumbered real estate worth at least double
the amount loaned; the remainder of such deposits may be
invested in notes, bills or other evidences of debt, the payment of
which is secured by the deposit of collateral security consisting of
personal property, of known marketable value, worth ten per cent
more than the amount so loaned and interest for the time of the
loan; or may be deposited in any national bank, trust company,
or bank in cities in this or any other State approved by the Com
missioner of the Banking Department as reserve cities; and a por- Limit of deposit
tion of said remainder, not exceeding the capital and additionalinanyoiiebant
stockholders’ liability, may be invested in negotiable paper
approved by the board of directors; but the deposits in any one
bank shall not exceed ten per cent of the total deposits, capital and
surplus of the depositing bank. In case the actual reserve shall Proceedings
fall below the fifteen per cent above provided, the bank shall 7an“be1owVe
promptly, and in good faith, take measures to restore and main- flfteen per centtain its lawful reserve, in default of which the Commissioner of
the Banking Department shall require such restoration within
thirty days after notice, and a failure to comply with such
demand shall warrant proceedings to wind up the bank, as pro
vided in section six of this act.
S e c . 28.
A pass-book shall be issued to each depositor in the Pa8Sbooks,
savings department, containing the rules and regulations adopted use of!'* an
by the board of directors governing such deposits, in which book
shall be entered each deposit made by, and each payment made
to, such depositor, and no payment or check against any such
savings account shall be made unless accompanied by and entered
in the pass-book issued therefor, except for good cause and on
assurances satisfactory to the officers of the bank.
S ec. 29.
Any bank combining the business of a commercial separate books
bank and a savings bank shall keep separate books of account for comme?ciai°Ld
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Federal Reserve Bank of St. Louis
128
savings bank
b usiness.
Proviso.
*
R egulating
of in terest.
GENERAL BANKING LAW OF
each kind of business: Provided, That all receipts, investments
and transactions relating to each of said classes of business shall
be governed by the provisions and restrictions herein specifically
provided for the respective kinds of banks.
* S e c . 30. It sh a ll be th e d u ty o f th e board o f d ir e c to r s o f ea ch
sa v in g s b a n k fro m tim e to tim e to r e g u la te th e in te r e s t to be
a llo w e d d e p o sito r s, an d p a y th e sa m e a t r e g u la r a n d sta te d
p e r io d s.
S e c . 31. When any deposit is made in any savings bank by a
Paym ent of
deposits to a
m inor.
person being a minor the said bank may pay to such depositor
such sums as may be due to him or her, although he or she have
no guardian, and the receipt of such minor shall be in all
respects valid in law.
C ertificates of
S e c . 32. All certificates or evidences of deposits made by the
deposit, etc.
proper officers of any bank shall be as effectual to bind the bank
as if made under the common seal thereof; but said bank shall
not issue any bill, note, or certificate intended to circulate as
money, and no such bank shall issue post notes.
Construction
S e c . 33. All the general powers and privileges, as well as the
of tb is act.
general restrictions and limitations provided in this act, and
applied to the corporations to be organized under and regulated
by this act, by the general designation of banks, shall be under
stood and construed to include commercial banks, savings banks,
and those combining both branches of business.
Effect of this
S e c . 34. The powers, privileges, duties and restrictions con
act on banks,
ferred and imposed upon any bank existing and doing business
etc., now
existing.
under the laws of this State are hereby abridged, enlarged or
modified, as each particular case may require to conform to the
provisions of this act, and to such amendments as may be made
thereto. But nothing in this act shall be construed to affect the
legality of investments heretofore made, or of transactions here
tofore had, pursuant to any provisions of law in force when such
investments were made or transactions had, nor to require the
change of investments for those named in this act, except as the
same can be done by the sale or redemption of the securities so
invested in, in such manner as to prevent loss or embarrassment
in the business of such bank, or unnecessary loss or injury to the
borrowers on such securities; but no renewal or extension of any
such loan or investment shall be made by any bank, unless neces
D isposition of
sary to avoid loss or embarrassment, as above provided. All
past due ob liga
debts due to any association on which interest is past due and
tions, etc.
unpaid for a period of six months, unless the same are well
secured, and in process of collection, shall be considered bad
debts, and shall be charged off to the profit and loss account, at
the expiration of that time.
B A N K IN G
S tate banking
departm ent
authorized.
D EPARTM ENT.
There is hereby established in the State department
a separate and distinct bureau which shall have charge of the
execution of the laws relating to banks, trust, loan, mortgage
security, or safety rdeposit companies formed and transacting
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Federal Reserve Bank of St. Louis
S e c . 35.
v
„
^
**
THE STATE OF MICHIGAN.
129
business under the laws of this State, to be designated as the
State Banking Department.
Sec. 36. The chief officer of the department shall be denom- commissioner
inated the Commissioner of the Banking Department. He shall department
be appointed by the Governor, by and with the advice and con- appointment of.
sent of the Senate, and shall hold his office for the term of four
years. He may appoint a deputy, and revoke such appointment Deputy,
at pleasure, who shall possess the powers and perform the duties
attached by law to the office of the Commissioner during a
vacancy in such office, and during the absence or inability of his
principal. He may also employ from time to time such clerks cierks.
to assist him and his deputy in the discharge of the several duties
imposed upon them by this act as he shall find necessary. The salary of comsalary of the Commissioner shall be two thousand five hundred “¿put^and
dollars per annum. The salary of the deputy and such clerks as clerks-’
may be employed under this act shall be at such a rate per annum
as the Commissioner shall decide: Provided, That such rate is proviso,
not in excess of that of the deputies and clerks of the several
State departments. The salaries of the Commissioner, deputy Payment of
and clerks shall be paid monthly or quarterly by the State salarles'
Treasurer, upon a voucher countersigned by the Auditor General.
Vouchers for the Commissioner’s salary must be first approved by
the Governor. Vouchers for the deputy and clerks’ salaries must
be first approved by the Commissioner. All actual and necessary Expenses,
traveling expenses of said Commissioner, deputy or clerks,
incurred in the discharge of their duties under this act, shall be
fully itemized upon proper vouchers and certified in the order
indicated for the salaries, and presented to the Board of State
Auditors. If allowed, the Auditor General shall countersign.
The State Treasurer shall, upon the presentation of vouchers so
allowed and countersigned, reimburse the said officers’ expenses.
Within fifteen days from the notice of their appointment, respect- 0ath of officeively, the Commissioner and his deputy shall take and subscribe
the oath of office prescribed by the constitution, and file the
same in the office of the Secretary of State. The said Commis- Bond,
sioner of the Banking Department and his deputy aforesaid,
shall each give to to the people of this State a bond in the penal
sum of twenty-five thousand dollars, with two or more sureties, to
be approved by the State Treasurer, conditioned for the faithful
discharge of the duties of their respective offices; and the Com- orTe^ufyToT
missioner or his deputy shall not be interested, directly or indi- to be engaged
rectly, in any national bank, nor in any bank or other corpora-in banklng’etction under their supervision, nor engaged in the business of
banking. There shall be assigned to said Commissioner suitable
rooms in the State capitol for conducting the business of said
department.
S e c . 37. The said Commissioner shall devise a seal for the use Sealof his office, which shall continue to be the seal of said depart
ment. A description of the seal, with an impression thereof,
shall be filed in the office of the Secretary of State.
Sec. 38. Every" bank existing° or hereafter incorporated
under toBanks
subject
1
Inspection.
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Federal Reserve Bank of St. Louis
130
GENERAL BANKING LAW OF
the laws of this State shall he subject to the inspection and
supervision of the Commissioner of the Banking Department as
provided in this act.
D uty of Com
S e c . 39.
It shall be the duty of the Commissioner of the
m issioner to
annually exam Banking Department, and he shall have power for himself, his
ine books, etc.
deputy, or any examiner he may appoint for that purpose, to
examine once in each year the cash, bills, collaterals or securities,
books of account, condition and affairs of each bank under the
law, and also when requested by the board of directors of any
bank. For that purpose he may examine, on oath, any of the
officers, agents, clerks, customers or depositors of such bank
False swearing, touching the affairs and business of such bank. Any willful false
perjury.
swearing in any examination shall be deemed perjury. He shall
also ascertain whether each bank transacts its business at the
place designated in the articles of incorporation, and whether its
business is conducted in the manner prescribed by law.
Fee for
S e c . 40.
For each annual examination the bank examined
exam ination.
shall pay into the State treasury for the credit of the general
fund one-hundredth part of one per cent of the gross amount of
Proviso.
the assets of said bank: Provided, That the examination fee of
Special expense, any bank shall not be less than ten dollars. The expenses incurred
how paid.
and services performed especially for any bank shall be paid by
C ollection of
such bank. If such charges or the annual fee are not paid after
charges and
due notice, the Commissioner shall maintain an action in his
fees.
name of office against the delinquent bank for the recovery of
such charge, or annual fee, with interest thereon, and the sums
so collected shall be paid into the State treasury. No person
shall be appointed to examine a bank in which he is interested as
Certain facts
stockholder, officer or employé, or otherwise. The Commissioner
and Information
of the Banking Department, his deputy, every clerk in his
to be kept
secret.
employment and examiner shall be bound by oath to keep secret
all facts and information obtained in the course of such examina
tions, except in as far as the public duty of such officer requires
him to report upon or take official action regarding the affairs of
such bank. No bank shall be subject to any visitation other than
such as is required by this act, or otherwise authorized by law.
Proceedings in
S e c . 41. Whenever any officer of a bank shall 'refuse to sub
case bank re
fu ses to submit mit the books, papers and concerns of such bank to the inspectors
to inspection,
[inspection] of the Commissioner, deputy, or examiner appointed
etc.
as aforesaid, or refuse to be examined on oath touching the
concerns of the bank, the Commissioner may, with the con
currence of the Attorney General, institute proceedings for the
appointment of a receiver for such bank to wind up its business.
Proceedings in
S e c . 42.
Whenever it shall appear from the report of any
case capital of
bank, or the Commissioner shall have reason to believe that the
bank is
impaired, etc.
capital of any bank is impaired or reduced below the amount
required by law, it shall be the duty of the Commissioner, and he
shall have power to examine said bank and ascertain the facts,
and in case he finds such impairment or reduction of capital, to
require such bank to make good the deficiency so appearing. If
any bank shall refuse or fail for ninety days after written requisi-
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Federal Reserve Bank of St. Louis
THE STATE OF MICHIGAN.
131
tion to make good the deficiency so appearing or found to exist, it
shall be the duty of the Commissioner, with the concurrence of
the Attorney General, to institute proceedings for the appoint
ment of a receiver of such bank to wind up its business.
S e c . 43. On the thirty-first day of December the Commissioner commissioner
of the Banking Department shall make an annual report to the the Governor
Governor of the State, which report shall be published, and shall annuallyexhibit :
First, A summary of the state and condition of every bank W hat report to
from which reports have been received during the year, with an exlllblt'
abstract of the whole amount of capital returned by them, the
whole amount of their debts and liabilities, the total amount of
means and resources, separating the reports of such banks and
other corporations, and specifying the amount of lawful money
held by banks at the time of their several returns, and such other
information in relation to such banks and corporations as in his
judgment may be required ;
Seco?id, A statement of the banks and corporations whose busi
ness has been closed during the year, the amount of their resour
ces and liabilities, and the amount paid to the creditors thereof;
Third, The names and compensation of the clerks employed
by him, and the whole amount of expenses of the banking depart
ment during the year ;
Fourth, The amount of fees received for the examination of
banks or other corporations, and fines collected and paid over to
the State Treasurer.
«
Sec. 44. Whenever the Commissioner shall deem it expedient ^°m™
£J1s1sjloner
he may call a meeting of the stockholders of any bank, organized m g of stockunder the laws of this State, by a personal notice of such meeting bank^eta any
for fifteen days previous thereto, and in case a majority of the
stockholders cannot be reached by personal notice, then by pub
lishing such notice at least once in each week for four successive
weeks previous to the meeting in a newspaper published in the
city, village or county where the bank is located, and if no news
paper is published there, then in the newspaper published at the
nearest county seat.
Sec. 45, A book shall be provided and kept by every bank, borers°etc°Cto
in which shall be entered the name and residence of the stock- be kept by
holders in the bank, the number of shares held by each, the time bank'
when each person became such stockholder, also all transfers of
stock, stating the time when made, the number of shares, and by
whom transferred. The said book shall at all times be, during su b jec t to
the usual hours of transacting business, subject to the inspection wbom.tion’ by
of the directors, officers, stockholders and depositors of the bank.
A neglect to provide and keep such book ready for examination, keeping record
as herein provided, shall subject the officers of the bank, whose and for“refusai
duty it is to provide and keep the same, to a penalty of one hun-toexlubltItdred dollars for every day’s neglect ; and a refusal by such officer
to exhibit such book to any person rightfully demanding inspec
tion
thereof shall subject
him to a apenalty•/ of fifty
dollars /; the recovered
n°wpenalty
•
”
*/
said penalty may be sued for and recovered with costs by any
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Federal Reserve Bank of St. Louis
132
GENERAL BANKING LAW OF
person who will prosecute for the same in the name of the people
of the State, and shall be paid to the State Treasurer for the
Book to be
credit of the banking department. In all actions, suits and pro
evidence.
ceedings under this act, the said book shall be presumptive evi
dence of the facts therein stated.
L iability of
Sec . 46. The stockholders of every bank shall be individually
stockholders.
liable, equally and ratably, and not one for another, for the benefit
of the depositors in said bank to the amount of their stock at the
par value thereof, in addition to the said stock; but persons hold
ing stock as executors, administrators, guardians or trustees, and
persons holding stock as collateral security, shall not be person
ally liable as stockholders, but the assets and funds in their hands
constituting the trust shall be liable to the same extent as the
testator, intestate, ward or person interested in such trust funds
would be, if living or competent to act; and the person pledging
such stock shall be deemed the stockholder and liable under this
How liability
section. Such liability may be enforced in a suit at law or in
enforced.
equity by any such bank in process of liquidation, or by any
receiver, or other officer succeeding to the legal rights of said
bank.
Certain transac
S ec . 47. All transfers of notes, bonds, bills of exchange or
tions null and
void.
other evidences of debt owing to any bank, or of deposits to its
credit, all assignments of mortgages, or other security on real
estate or judgments or decrees in its favor, or deposits of money,
bills or other valuable things for its use, or for the use of its stock
holders or creditors, all payments of money, either after the com
mission of an act of insolvency or in contemplation thereof, with
a view to prevent application of its assets in the manner pre
scribed in this act, or with a view to the preference of one creditor
over another, shall be held to be null and void.
S ervice of legal
S ec . 48. Legal process against any such bank shall be served
process against
banks.
upon its president or cashier or treasurer in the county where
its business office is located or the plaintiff resides, or by leaving
any attested copy at its banking house during banking hours
with the teller, clerk or any officer of the bank.
Proceedings to
S ec . 49. All proceedings by any bank to enjoin the Commis
enjoin.
sioner m the discharge of his duties under the provisions of this
act shall be had in the county where said bank is located, or
before the supreme court of this State.
W hen A ttorney
S ec . 50. All suits and proceedings arising out of the provis
G eneral to
supervise suits ion of law governing banks in which the State or any of its offi
under this act.
cers or agents shall be parties shall be conducted under the
direction and supervision of the Attorney General.
Copies of cer
S ec . 51. Copies of all records and papers in the office of the
tain papers,
etc., evidence. Commissioner of the Banking Department certified by him, and
authenticated by his seal of office, shall be evidence in all cases
equally and with like effect as the original.
L iability of
S ec . 52. The total liabilities of any bank or any person or of
banks, e tc ., for
any company, corporation or firm for money advanced, including
m oney, etc.,
lim ited .
in the liabilities of the company or firm the liabilities of the
several members thereof, except special partners, shall at no time
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Federal Reserve Bank of St. Louis
THE STATE OF MICHIGAN.
133
exceed one-tenth part of the amount of the capital and surplus
of such bank ; hut the discount of bills of exchange drawn in
good faith against actually existing values and the discount of
commercial or business paper actually owned by the person nego
tiating the same shall not be considered as money borrowed:
Provided, however, That the foregoing limitations shall not apply Proviso,
to loans upon real estate or other collateral securities authorized
by this act: Provided further, That by a two-tbirds vote of the Further proviso,
directors the liabilities of any bank or any person or company or
corporation or firm, may be increased not to exceed one-fifth of
the capital of the bank.
S ec . 53. Any bank organized under the provisions of this act
*
may go into liquidation and be closed by a vote of its stockholders decides to go
owning two-thirds of its capital. Whenever a vote is taken to go lnt011(iuldatloninto liquidation it shall be the duty of the board of directors to
cause notice of this fact to be certified, under the seal of the bank,
by its president, cashier or treasurer, to the Commissioner of the
Banking Department, and publication thereof, notifying creditors
to present their claims against the bank for payment, shall be
made once in each week for eight successive weeks, in a news
paper published in the city of Detroit, and also in a newspaper
published in the city, village or county in which the bank is
located, or if in no newspaper is there published then in the
newspaper published at the nearest county seat.
S ec. 54. A bank which is in good faith winding up its busi- of banks!*1011
ness for the purpose of consolidating with some other bank may
transfer its assets and liabilities to the bank with which it is in
process of consolidation ; but no such consolidation of banks
shall be made without the consent of the Commissioner of the
Banking Department, and not then to defeat or defraud any of
the creditors in the collection of their claims against said banks,
or either of them.
S ec . 55. On becoming satisfied that any bank has refused to ^ en receiver
pay its deposits in accordance with the terms on which such Appointed,
deposits were received (if received in accordance with the provis
ions of this act), or that any bank has become insolvent, or that
its capital has become impaired, or that any bank has violated
any of the provisions of this act, or for any cause hereinbefore or
hereinafter stated, the Commissioner of the Banking Department
may forthwith, with the approval of the Attorney General, apply
to a court of record of competent jurisdiction for the appointment
of a receiver for such bank, who, under the direction of such court,
shall take possession of the books, records and assets of every
description of such bank, collect all debts, dues and claims
belonging to it, and sell or compound all bad or doubtful debts,
and sell all the real and personal property of such bank on such
terms as the court shall direct, and may, if necessary to pay the
debts of such bank, enforce all individual liability of the stock
holders. Such receiver shall pay over all money so collected or Duty of
received to the State Treasurer, and also make report to th e iece' ei‘
Commissioner of all his acts and proceedings.
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Federal Reserve Bank of St. Louis
134
GENERAL BANKING LAW OF
S ec . 56. The Commissioner shall, upon the appointment of a
receiver, as above provided, cause notice to be given by adver
tising in such newspapers as he may direct once in each week,
for twelve successive weeks, calling on all persons who may have
claims against such bank to present the same to said receiver and
make legal proof thereof.
Dividends to
S ec . 57. From time to time, under the direction of the Com
be m ade by
missioner of the Banking Department, the receiver shall make
receiver.
ratable dividends of the moneys realized or collected by him on
all such claims as may have been proved to his satisfaction or
adjudicated in a court of competent jurisdiction, and the remain
der of the proceeds, if any, after the costs and expenses of such
proceedings and all debts and obligations of the bank are satis
fied, shall be paid over to the stockholders of such bank, or their
legal representatives in proportion to the stock by them respect
ively held.
P enalty for
S e c . 58. Every president, director, cashier, treasurer, teller,
em bezzlem ent,
clerk or agent of any bank, who embezzles, abstracts or willfully
etc.
misapplies any of the moneys, funds, credits or property of the
bank, whether owned by it or held in trust, or who, without
authority of the directors, issues or puts forth any certificate of
deposit, draws any order or bill of exchange, makes any accept
ance, assigns any note, bond, draft, bill of exchange, mortgage,
judgment or decree, or who makes any false entry in any book,
report or statement of the bank, with intent in either case to
injure or defraud the bank, or any company, corporation or per
son or to deceive any officer of the bank, or any agent appointed
to examine the affairs of such bank, and any person who with
like intent aids or abets any officer, clerk or agent, in violation
of this section, or who shall issue or cause to be issued, or put in
circulation, any bill, note or other evidence of debt to circulate
as money, upon conviction thereof, shall be imprisoned in the
State Prison or in the State House of Correction and Reforma
tory at Ionia, not to exceed twenty years.
Taxation of
S ec . 59. All real estate owned by any bank may be taxed as
bank property.
other real estate in the city, village or township where the same
may be situated, and the residue of its capital and surplus shall
be taxed as personal property, but the assessment thereof for
taxation shall not be at a greater rate than is assessed on money
capital in the hands of indivdual citizens in the same city, vil
lage or township.
A ct to apply to
S ec . 60. The provisions of this act shall apply to and govern
all State banks.
all State banks organized and now existing within this State, and
all such banks shall, on or before the first day of January next
following the time when this act becomes operative, file with the
Commissioner of the Banking Department a certificate executed
by the executive officers of each bank in substantial conformity
to the requirements of original article of incorporation provided
E xistin g banks for in section two (2) of this act; or any bank so existing may
may re organize.
within the same time re-organize under this act, and when so
re-organized all securities, real estate, property and assets of
D u ty of Com
m issioner on
appointment
of receiver.
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Federal Reserve Bank of St. Louis
135
THE STATE OF MICHIGAN.
every kind shall become vested in such re-organized hank with
out any formal conveyance or transfer, but no such re-organization
shall have the effect to discharge the original bank, its directors Ke-organization
or stockholders from any liability to its depositors, or any other exUingUabiiu6
person, but the same shall continue until legally discharged, and tIessuch re-organized bank shall be legally liable to pay every claim,
demand and obligation existing against the bank whose assets and
property, or any part thereof, it has received by virtue of such
re-organization.
S ec . 61. Every
officer or employé
of a bank required by this 18.186
penalty
for
«
l
t/
SW 68riD 2T
act to take any oath or affirmation, who shall willfully swear or by officer, etc.,
affirm falsely, shall be deemed guilty of perjury, and upon con- ofbankviction thereof shall be punished as provided by the laws of this
State in case of perjury.
S ec. 62. Nothing in this act contained shall be so'construed ^ange^uT
as to prevent any bank organized or doing business under this act
from making or issuing bills of exchange on foreign countries or
places beyond jurisdiction of the United States; which bills of
exchange may be made payable at or with the customary usance,
and at or within ninety days’ sight, but no such draft or bill of
exchange shall be used or put in circulation as money by any such
bank.
S ec. 63 The legislature may at any regular session thereof Provisions for
alter or amend this act, or any part thereof, by a vote of two- a“endIngthls
thirds of the members of the Senate and House of Eepresentatives
constituting said bodies ; and hereafter it shall not be necessary to
submit any such proposed alteration or amendment to the electors
of the State for adoption or approval, but all such acts shall be
valid and effectual when so passed by the legislature and approved
as other laws are in accordance with the constitution of this State.
1
J
S ec . 64. A ll acts and parts of acts of w hich th is act is am end- Acts repealed,
atory or su pp lem entary, in con sisten t w ith th e p rovisions of th is
act, are hereby repealed.
S ec . 65. This act shall be submitted to the electors of this Act t0 be subState for their approval or disapproval at the next general elec- of electors,
tion. At said election a ballot-box shall be provided and kept by when‘
the several boards of inspectors thereof for receiving the votes Formof ballots,
cast for or against this act ; and on the ballot shall be written or
printed, or partly written and partly printed, the words “A gen
eral banking law—Yes,” or, “ A general banking law—No.”
S ec . 66. The canvass of the votes cast for or against this act,
of
and the returns thereof, shall be made by the proper canvassing
officers, within the same time, and in the same manner as now
provided by law for the canvass and return of the votes cast at
the said general election, and the result be declared by the board
of canvassers at the same time and manner as the result of the
canvass for State officers; and if it shall appear that a majority when this act
of the votes cast at such election have thereon “A general bank- j ^ ecoinea
ing law—Yes,” this act shall become a law, and take effect
within sixty days after said general election.
Approved June 21,1887.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
INDEX.
*
S'
s
__________
A.
A bstract :
of reports of State banks, Jan. 7, 1889.................................................................................
State banks, Dec. 11, 1889.......................... ....................................................
national banks In Michigan, Dec. 11, 1889..................................................
combined reports of State and National banks in Michigan, Dec. 11, 1889...........
reports of Detroit banks, Dec. 11, 1889............................................................................
Grand Rapids banks, Dec. 11, 1889...............................................................
Saginaw banks, Dec. 11, 1889.........................................................................
Bay City banks, Dec. 11, 1889.........................................................................
Page. Sec.
3
4
5
6
7
8
9
10
A ct :
may be altered or repealed...........................................................................1......................
amended....... .............................................................................................................
shall apply to all State banks..............................................................................................
when to take e ffe c t...............................................................................................................
135
135
134
135
A drian :
banks of, statements..............................................................................................................
21-22
64
63
60
66
A dministrators :
holding stock not personally liable........................................
132
46
A iding :
or abetting misdemeanors of officers of associations - ....................................................
124
18
Annual:
meeting of stockholders.................................................................................
123
12
A nn A r bo r :
bank of, statements................................................................................................................
23-24
A rticles :
to specify kind of business...................................
shall be filed with commissioner of banking and Secretary of State..........................
recorded in county clerk’s office.........................................................
of incorporation shall be issued in triplicate....................................................................
acknowledgment of................................................................................................................
may be used as evidence...... .............................................................................................
119
120
120
119
120
120
2
3
3
1
3
3
A ttorney General :
to supervise suits....................................................................................................................
132
50
Au Sa b l e :
bank statements......................................................................................................................
25
A verage :
rate of interest paid to savings depositors........................................................................
11
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Federal Reserve Bank of St. Louis
140
INDEX.
B.
B ad De b t s :
s h a ll be ch a rg ed o ff................................ »..............................................................................................
Page. Sec.
128
34
Bank :
n a m es s h a ll n o t be m a te r ia lly s im ila r ............................................................................................
119
1
s h a ll n o t ta k e its o w n sto c k a s s e c u r ity ........................................................................................
119
1
p u rch a se its o w n c a p ita l sto c k .......................................................................................
119
1
ta k e m ore th a n le g a l ra te o f in te r e st...........................................................................
120
4
a ffa irs to b e m a n a g ed b y board o f d irecto rs................................................................................
123
12
m a y lo a n o n e -h a lf its c a p ita l on r ea l e s t a te .................................................................................
126 23
p u rch a se r ea l e s t a t e ......................................................................................................................
122
11
s h a ll keep correct lis t o f s to c k h o ld e r s............................................................................................
124
15
reo rg a n iza tio n o f S ta te in to N a tio n a l...........................................................................................
124
16
N a tio n a l in to S t a te ............................................................................................
124
17
s h a ll issu e no cir cu la tin g n o tes.......................................................................................................... 128, 135 32, 62
n o t com m en ce b u sin ess u n til a u th o r ize d .........................................................................
121
4
pow ers and p riv ileg es o f........................................................................................................................
128 33-4
co m b in in g co m m ercia l an d sa v in g s departm en ts, sh a ll keep sep arate books of
a c co u n t.......................................................................................................................................................
127
29
to be e x a m in e d ........................................................................................................................................... 129-30 38-40
keep record o f s to c k h o ld er s...........................................................................................................
131
45
m a y reorgan ize............................ ..............................................................................................................
134
60
r eorgan ization o f n ot to d isch arge e x istin g lia b ilitie s ............................................................
135
60
m a y c o n so lid a te, w ith c o n sen t o f c o m m issio n e r ........................................................................
133
54
go in to liq u id a tio n b y v o te o f sto c k h o ld er s.......................................................................
133
53
n o tice o f liq u id a tio n o f to be certified to co m m ission er and p u b lish ed in n e w s
pap ers.........................................................................................................................................................
133
53
B a n k s , P r iv a t e :
nu m ber of, e tc ......................................... ......................................•_.........................................................
15
B a n k in g D e p a r t m e n t ...................................................................................................................................
e s t a b lis h e d ..................................................................................................................................................
n a m es o f e m p lo y é s ..................................................................................................................................
17
128
12
B a n k in g L a w .......................................................................................................................................................
119
Bangor :
ban k sta te m e n ts............................................................................................................ ...........................
26
Battle Cr e e k :
b an k sta te m e n ts .......................................................................................................................................
27
Ba y Cit y :
b an k s of, sta te m e n ts ................................ ..............................................................................................
su m m a ry o f reports o f S ta te a n d N a tio n a l b a n k s.....................................................................
28-30
10
B e l d in g :
bank sta te m e n ts ........................................................................................................................................
31
B enton H a r b o r :
b an k sta te m e n ts ........................................................................................................................................
32
B i g R a p id s :
ban k sta te m e n ts ......................................................................................................................................
33
Books :
*
to be e v id e n c e ............................................................................................................................................
132
B u il d in g a n d L o a n A s s o c ia t io n s ........................................................................................................
16
B y -L a w s :
to be prescribed by board o f d ir e c to r s............................................................................................
120
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Federal Reserve Bank of St. Louis
35
45
4
141
INDEX.
C.
Calumet :
bank statement......................................................................................................................
Page. Sec.
34
Capital Stock :
amount o f................................................................................................................................
required....................................................................................................................
may be increased or reduced...............................................................................................
increase of, not valid until fully paid...............................................................................
reduction of, to be approved by commissioner.................................................................
payment of..............................................................................................................................
10
119
122
122
122
121
Carson Cit y :
banks of, statements..............................................................................................................
35, 36
Cashier :
to be appointed by directors.................................................................................................
120
4
Certificate of A uthority :
may be withheld..............................................................- .............................................. —
to be published............................................................... ........................................................
122
122
7
8
Charlevoix :
bank statements...................................................................................................- ...............
37
Chelsea :
bank statem ents.....................................................................................................................
38
Collection :
of delinquent installments on capital stock.....................................................................
121
1
10
10
10
5
6
Commissioner of B anking :
how appointed.........................................................................................................................
129
36
shall hold his office four years............................................................................................
129
36
may appoint deputy and clerks...........................................................................................
129
36
deputy, powers of...................................................................................................................
129
36
and deputy to give bonds.....................................................................................................
129
36
and deputy shall not be interested in any bank..............................................................
129
36
salary o f..............................................-...................................................................................
129
36
129
36
may fix salaries of deputy and clerks................................................................................
shall devise seal............................
129 37
shall have power to appoint examiners............................................................................
130
39
shall make an annual report to the Governor.................................................................
131
43
may call meeting of stockholders.......................................................................................
131
44
shall institute proceedings against delinquent banks.................................................... 125, 130 20, 40
duty of, on appointment of receiver...................................................................................
134 56
130 39
or deputy, shall have power to examine banks...............................................................
shall issue certificate of authority......................................................................................
122
7
Concord :
bank statements.....................................................................................................................
39
Consolidation :
of banks...................................................................................................................................
133
Copies :
of certain papers to be evidence.........................................................................................
132
Corporate P owers :
of banks...................................................................................................................................
^
D.
Detroit :
banks of, statements..............................................................................................................
Fidelity.Loan and Trust Co...............................................................................
Trust, Security and Safe Deposit Co...................................................................................
summary of reports of State and National banks..........................................................
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Federal Reserve Bank of St. Louis
40-53
H
H
7
51
4
142
INDEX.
D ir e c t o r s :
h o w e le c te d .............................................................................
m a jo rity to c o n stitu te q u o ru m ......................................
n u m b er of, s h a ll n o t be le ss th a n f iv e ......................
m u st o w n n o t le ss th a n te n sh a r es o f s to c k ............
m a y adop t b y -la w s..............................................................
m a y s e ll sto ck o f d e lin q u e n t sto c k h o ld er s.............
s h a ll ta k e and subscrib e to o a th ..................................
s h a ll e le c t p resid en t a n d v ic e p r e sid en t...................
m a y d ecla re d iv id e n d .......................................................
v a c a n c y in board of, h o w fille d ....................................
w ho m a y b e ...........................................................................
Page.
Sec.
123
123
123
123
120
12
12
12
12
4
121
6
123
120
123
123
123
12
4
13
12
12
D i v id e n d :
m a y he d ecla red b y d ir e c to r s........................................
to he m a d e b y r e c e iv e r ............................................... .
123
134
13
57
D o w a g ia c :
ban k s ta te m e n ts ..................................................................
54
»
E.
E a r n in g s :
h o w disposed o f ....................................................................
123
E a st S a g i n a w :
ban k s of, sta te m e n ts ...........................................................
su m m a ry o f report's o f S ta te a n d N a tio n a l ban ks.
55-6
9
E a to n R a p id s :
b a n k s ta te m e n ts...................................................................
57
E l e c t io n :
o f d irecto rs.............................................................................
123
E m ployes :
n a m es of, a n d sa la r ie s p a id ............................................
12
E x a m in e r :
m a y e x a m in e officers, etc., on o a th .............................
s h a ll n o t d iv u lg e sec r ets o f e x a m in a tio n s.................
e x a m in e h a n k in w h ic h h e is in terested .
130
130
130
39
40
40
130
40
E x a m in a t io n ;
fe e fo r .................... ...................................................................
fe e s, p aid b y h a n k s in 1889...............................................
fe e , h o w c o lle c te d .......................................................... ..
sp e cia l, e x p en se of, h o w p a id ..........................................
E x pen ses :
o f d e p a rtm en t........................................................................
o f ex a m in er, h o w p a id .......................................................
13
12
12
130
130
40
40
12
129
36
F a il u r e :
o f sto ck h o ld ers to pa y in s ta llm e n t on sto c k ............
121
6
F enton:
bank s ta te m e n ts ....................................................................
58
F id e l it y L o a n a n d T r u s t C o .:
o f D e tr o it..................................................................................
11,116
F ir s t S t a t e B a n k :
o f Sou th H a v e n ......................................................................
4
F.
i
F l in t :
h a n k sta te m e n ts ........................................................................
59
F o r e ig n E x c h a n g e ......................................................................
135
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
62
143
INDEX,
F raudulently :
receiving deposits a misdemeanor.......................................................................................
Page. Sec.
134* 14
G.
r
^
General T rust, Deposit and Security Co.:
law ............................................................................................................... .............................
11
Grand R a p id s :
banks of, statements................................................................................ ..............................
Mich. Trust Co. statement..................................................................... .............................
summary of State and National bank reports.................................. .............................
60-1
114
8
Grass Lake :
bank statements....................................................................................... .............................
63
H.
H art :
»
bank statements.-.............................................................-...................................................
63
H astings :
bank statements........................................................................................ .............................
64
H illsdale :
banks of, statements..............................................................................................................
65-6
H olland :
bank officers and directors.................................................................... .............................
67
I.
I mlay City :
bank statements...................................................................................... ..............................
68
I mpairment :
of capital, bank to make good...........................................................................................
130
43
I nspection :
banks subject to........................................................................................ .............................
139
38
I nterest :
may be paid by commercial banks....................................................... ..............................
to be regulated by board of directors.................................................. ..............................
136
138
34
30
I o n ia :
bank statem ents...................................................................................... .............................
69
I shpeming :
bank statem ents...................................................................................... .............................
70
J.
J
ac k so n
:
banks of, statements.......................... .................................................... ..............................
k
k
K
alam azoo
71-3
.
:
bank statements....................................................................................... .............................
V
73
L .
L a k e Od
essa
:
bank statements................... -.................................................................. ........................................
74
L a n s in g :
banks of, statements...............................................................................
Le g a l P
.........................................
7 5 -7
........................................
T33
r o c ess:
against banks to be served upon officers............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
i
48
144
INDEX.
Leslie :
bank statements......................................................................................................................
Liability :
of banks limited.....................................................................................................................
may be increased by board of directors............................................................................
of stockholders........................................................................................................................
Limit :
of amount bank may loan on real estate...........................................................................
deposit in any one bank...................................................................................................
time for holding real estate............................................................................................
Lis t :
of banks examined and fees paid by same.........................................................................
stockholders to be filed annually...................................................................................
Liquidation :
notice of, to be filed with commissioner and published............ ;...................................
Page. Sec,
78
132
133
132
52
52
46
126
127
123
23
27
11
12
124
15
133
53
«
M.
Manchester :
bank statements.....................................................................................................................
79
Manistique :
bank statements.....................................................................................................................
80
Mason :
bank statements.....................................................................................................................
81
Michigan :
Trust Co., organization of.....................................................................................................
11
Mid la n d :
banks of, statements..............................................................................................................
83-3
Milan :
bank officers and directors..................................................................
84
Milfo r d :
bank statements.....................................................................................................................
85
Mt. Clemens:
bank statements.............................................................................
86
Mt. P leasant :
banks of, statements..............................................................................................................
87-8
Muskegon :
bank statements............................................................................................................................... 89
N.
N ashville :
bank statements.....................................................................................................................
N ational B anks...................................................................................
summary of reports.....................................................................
reorganization of, into State banks....................................................................................
N orth B ranch :
bank statements................................
N u m ber :
of banks when law became operative................................................................................
at date of report.....................................................................................................
new banks organized...........................................................
90
4
5
124
17
91
f
3
4
4
O.
Officers :
of corporation shall not act as proxy.................................................................................
of banks to be appointed by directors................................................................................
\
\
I
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
123
120
12
4
145
INDEX,
Oscoda :
bank statements.....................................................................................................................
Ox fo r d :
bank statements....................................................................................................................
Page. Sec.
92
93
P.
P ass B ook :
shall be issued to each depositor in savings department...............................................
127
P aw P a w :
bank statements........................................................................................................................
94
P enalty :
for embezzlement...................................................................................................................
issuing circulating notes, etc.........................................................................................
failure to make reports...................................................................................................
false swearing by officers...............................................................................................
not keeping record of stockholders.............................................................................
fraudulently receiving deposits....................................................................................
over certification of checks......................................................................
violation of act.................................................................................................................
how recovered........................................................................................................................
134
134
125
135
131
124
124
124
131
58
58
P resident :
must be a director............................................................
120
4
P rivate Banks :
number of, etc.........................................................................................................................
P roceedings :
in case bank refuses to submit to inspection..................................
of impairment of capital........................................................................................
reserve falls below required amount....................................................................
to enjoin commissioner..............
when bank desires to go into liquidation..........................................................................
61
45
14
19
18
45
130
41
130
42
126-7 25-27
132
49
133
53
135
P ort H e r o n :
banks of, statements..............................................................................................................
95-6
63
R.
R eading :
bank officers and directors...................................................................................................
R eal E state :
may be held............................................................................................................................
taxed.........................
loans upon................................................................................................................................
h
22
15
P rovisions :
for amending a c t...................................................................................................................
.
23
97
I22
U
134
59
126-7 23-27
R eceiver :
may be appointed-.................................................................................................................
duty of............................................................................ .........................................................
to make dividends...............................................................................
133
133,
134
55
55
57
R ecord B ook :
of stockholders to be kept....................................................................................................
shall be evidence................................ - ......... ........................................................................
subject to inspection...............................................................................................
131
132
131
45
45
45
R eports.............................................................................................................................................
not less than four, to be made to commissioner in each year........................................
to be verified by oath.....................................................................
published in newspaper...............................................................................................
11
125
I25
I25
21
21
21
19
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
146
INDEX.
Reports—Continued:
proof of publication of, to be furnished to commissioner.
special, may be called for by commissioner........................
of dividends and earnings.......................................................
failure to make, penalty for..................................................
of names of stockholders to be made...................................
Page. Sec*
125
21
125
21
125
21
125
22
124
15'
R eserve ...............................................................................................
of commercial banks, amount and where kept...................
savings banks, amount and where kept.........................
to be made good.........................................................................
failure to make good, penalty for......................................... .
14
126
24
127
27
126-7 25-7
126-7 25-7
R eserve Cit ie s :
list of...........................................................................................
7
S.
Saginaw :
banks of, statements.................................................................
summary of reports of State and National banks............
98-9
9
Sault Ste . Ma r ie :
bank statements.......... ....................... ....................................
195
Savings Ba n k :
deposits...................................................................................... .
deposits, how paid....................................................................
deposits, how loaned...............................................................
deposits in, by minors............................................................ .
interest, average rate paid..................................... - ......... —
pass book shall be issued to each depositor in.....................
interest, amount paid annually.............................................
interest to be regulated by directors of................................
number of depositors in.................. - .......................................
10
126-7 26-8
127
27
128
31
11
127
28
11
128
30
10
S hares :
of stock deemed personal property........................................
of stock, how transferred........................................................
how distributed.........................................................................
122
122
10
S outh H a v e n :
bank officers and directors......................................................
.106
Special Expenses :
how paid.....................................................................................
130
Stanton :
bank statements....................................................... ................
107
St. Cl a ir :
bank statements.......................................................................
100
S t . Joh ns :
banks of, statements.................................................................
101-2
St. J oseph :
bank statements.......................................................................
103
St. Lo u is :
bank statemenst.......................................................................
104
Stockholders :
liability of...................................................................................
may vote by proxy....................................................................
number of...................................................................................
list of, to be reported.................................................................
132
123
10
124
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
9
40
46
12
15
147
INDEX.
T.
T a x a t io n :
Page. Sec.
of bank property...................................................................................................................
134
59
133
133
47
9
to be appointed by directors.................................................................................................
130
4
T r u s t , S e c u r it y a n d S a f e D e p o s i t C o ., D e t r o i t ............................................................
11,115
T r a n sfer :
of notes, when null and void...............................................................................................
of stock, how made, etc........................................................................................................
Treasurer:
U.
U n it e d S t a t e s :
banks organized under laws of, may re-organize under this act.................................
re-organizing under laws of, shall hold, etc.........................................................
134
134
17
16
133
13
120
4
123
13
V.
Vacancy:
in board of directors, how filled.........................................................................................
V ic e P r e s id e n t :
must be a director.........................................................
V ote :
who entitled to........................................................................................................................
W .
W e st B a y C i t y :
banks of, statements..............................................................................................................
see summary of Bay City banks.........................................................................................
108-9
10
W h it e P ig e o n :
bank statements......................................................................................................................
110
W lL L IA M S T O N :
bank statements....................................................
Ill
W yando tte :
bank statements......................................................................................................................
113
Y.
Y p s il a n t i:
*
bank statements.....................................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
113
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