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PUBLIC DOCUMENT

. . . . N o. 8.

ANNüÂ'ÏY

Il «B A N K COMMISSIONER.
1906.
P a r t I.
RELATING TO

SAVINGS B AN K S, IN STITU TIO N S FOR SAVINGS, TRUST COMPANIES,
AND FOREIGN B A N K IN G CORPORATIONS.

BOSTON:
W RIGH T


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Federal Reserve Bank of St. Louis

& POTTER

PRIN TIN G

CO.,

STATE

18 P o s t O f f ic e S q u a r e .

1907.

PRINTERS,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A

pproved by

T h e St a t e B oard

of

P u b l ic a t io n

3 3 i >/
(v ia ?

fA.I

Commontoialtlj of |jlass;itb«siits,

O f f ic e

of th e

B a n k C o m m is s io n e r ,

St a t e H

o u se,

B o s t o n , Feb. 11, 1907.

To the General Court o f Massachusetts.

In accordance with the requirements of the Revised Laws, the
portion of the annual report of the Bank Commissioner, relating to
savings banks, trust companies, and foreign banking corporations,
is herewith submitted.

SAVINGS BANKS.
Number of Savings Banks.

IS

No additional savings banks were chartered or began business
during 1906, and the total number remains at 189. The Marble­
head Savings Bank, which was placed by the Supreme Judicial
Court under temporary injunction on June 22, 1904, is included in
this number. Its condition has been greatly strengthened during
the past year, and it is expected that before the end of 1907 it will
be able to open its doors without a doubtful asset on its books, and
with a surplus equal to the average percentage o f surplus of all the
Massachusetts saving banks. The People’s Savings Bank of Attle­
borough, chartered in 1905, has not yet commenced business, and
is not included among the 189 banks above mentioned.

■o

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Federal Reserve Bank of St. Louis

REPORT OF THE

IV

[Pub. Doc

Condition of Savings Banks.

The total assets and liabilities of the 189 savings banks on Oct.
31, 1906, are shown in the following statement, in comparison with
the corresponding figures of Oct. 31, 1905, to which is added a
table showing for the last five years and for 1897 and 1892 a com­
parison by percentages of the distribution of the investments : —

ASSETS.

Oct. 31,1906.

P e r c e n t a g e of I n v e stm en ts
to T o t a l A ssets on Oc t . 31.

Oct. 31, 1905.

1906. 1905. 1904. 1903. 1902. 1897. 1892.
Securities.
Public funds...............................
Railroad bonds,
Street railway bonds,
Boston Terminal Co. bonds, .
Bank stocks,
.
.

$76,587,009
130,603,405
12,110,597
10,130,167
12,791,315

42
18
30
00
47

$75,995,982
125,740,971
7,694,571
10,205,303
13,398,024

50
06
01
38
76

Loans.
To counties, cities or towns, .
To railroads,
.
.
.
.
On public funds,
On railroad bonds, .
On railroad stocks, .
On street railway bonds,
On bank stocks,
On depositors’ books,
On real estate.............................
On personal security,

16,802,189 59
1,955,950 00
3,490,723 33
287,890 00
130,350 00
841,489 62
62,590 40
297,369,214 99
150,615,173 88

13,779,699
1,210,000
835,125
1,735,200
260*874
5,350
909,377
60,843
286,385,511
140,148,236

30 2.27 1.95 2.03 2.28 2.35 1.95 2.26
_
00
.17 .28 .17
.02 .81
00
.26 .12 .11 .21 .20 .19 .25
00
.47 .25 .25 .24 .27 .11 .17
00
.04 .04 .06 .11 .10 .14 .38
00
.02
.01
00
.11 .13 .15 .17 .19 .38 .48
48
.01 .01 .01 .01 .01 .01 .01
67 40.10 40.46 40.93 41.12 40.82 42.11 39.88
93 20.31 19.80 19.45 20.21 20.70 18.47 22.64

Real Estate.
For banking purposes,
By foreclosure, etc.,

.

7,278,758 60
3,550,072 34

Miscellaneous.
Stocks, bonds, etc., taken to
secure indebtedness, .
Expense account,
Premium account, .
Furniture and fixtures, .
Sundry assets, .
.
.

458,755
237,562
371,649
147,411
218,691

Cash.
In banks, on interest,
In banks, not on interest,
In office.........................................

13,960,514 51
261,482 10
1,289,308 82

10.33
17.61
1.63
1.37
1.73

6,782,258 09
3,883,449 95

77
10
32
88
31

414,600
236,099
318,786
109,078
211,201

10
81
17
13
54

15,863,234 47
248.255 09
1,296,700 43

10.74
17.76
1.09
1.44
1.89

10.73 10.68 11.17 14.13 13.01
16.83 15.74 15.03 10.59 8.55
.94 .58
1.62 1.72 1.80 1.17
2.14 2.42 2.88 5.61 6.97

_

.98
.48

.96
.55

.97
.59

.06
1
1 TO
[.13

.06

.05

.04

.04

.14

.12

.13

.14

.13

.14

J

.97
.61

.93
.61

.84
.41

.78
.31

.15

)
>2.09 2.46 2.72 2.58 2.77 3.59 3.35
>

$741,552,272 93 $707,728,733 87

L IA B ILITIE S .

Deposits..................................................
Guaranty fund......................................
Undivided earnings.............................
Sundry liabilities,
.
.
.
.
Due on mortgage loans, .


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Federal Reserve Bank of St. Louis

Oct. 31,1906.

$694,081,141
31,611,615
15,439,780
75,484
344,251

Oct. 31, 1905.

68 $662,808,312 87
57
30,100,477 44
20
14,568,166 58
47
108,730 30
01
143,046 68

$741,552,272 93 $707,728,733 87

1906,
Increase.

1906,
Decrease.

$31,272,828 81
1,511,138 13
871,613 62
$33,245 83
201,204 33
-

-

No. 8.]

BANK COMMISSIONER

Y

The most marked charmes
© in the distribution of investments during*
©
the fifteen years covered by the table of percentages are the decrease
in the proportion o f public funds and bank stocks and the increase
in the proportion o f railroad bonds held.
Statistics of Business.

The main features of the transactions o f the savings banks for the
past five years are shown in the following table : —
Y ear
1906.
Accounts.
Number opened during year, .
Number closed during year, .
Number open Oct. 31,
Average in each account,

269,092
189,136
1,908,378
$363 70

e n d in g

1905.

244,050
180,685
1,829,487
$362 29

O cto ber 31.

1904.

226,712
182,919
1,766,614
$357 36

1 9 03.

236,175
174,029
1,723,015
$353 11

1903.

227,884
160,679
1,660,814
$353 40

Deposits and Withdrawals.
Total deposits Oct. 31,
$694,081,141 $662,808,312 $631,313,800 $608,415,409 $586,937,084
Increase over previous year, .
$31,272,829 $31,494,512 $22,898,391 $21,478,325 $26,231,332
Number of deposits during year, *
1,880,854
1,756,003
1,770,455
2,118,271
1,689,413
Number of withdrawals during year,
1,461,109
1,414,479
1,420,421
1,327,815
1,243,608
Average deposit..................................
$60 06
$61 69
$59 16
$59 25
$60 10
Average withdrawal,
$80 56
$75 90
$73 58
$78 67
$76 58
Amotint deposited during year,
$125,315,148 $116,026,890 $105,466,148 $104,893,853 $101,542,089
Amount withdrawn during year, . $117,709,002 $107,361,106 $104,508,951 $104,460,530 $95,234,951
Loans.
Of $3,000 or less Oct. 31, .
On real estate Oct. 31,
Average real estate loan Oct. 31,

.

68,786
82,552
$3,602 20

72,922
87,168
$3,285 44

71,932
85,261
$3,238 51

Income, Dividends, etc.
Total income.........................................
D iv id e n d s,...........................................
Expenses...............................................
State t a x e s , ..................................
Guaranty fund additions,

$31,251,869
23,665,106
1,648,061
1,854,131
1,511,138

$29,716,529
22,826,049
1,583,889
1,751,481
1,424,787

$29,138,722
21,941,039
1,546,904
1,658,765
1,266,552

$27,883,365. $26,367,176
21,047,936
19,924,927
1,447,237
1,374,564
1,604,300
1,535,960
1,333,722
1,311,096

Per Cent.
75.72
5.27
5.93
4.83
3.19
.22
.25

Per Cent.
76.81
5.33
5.89
4.79
3.21
.22
.25

Per Cent.
75.53
5.31
5.69
4.35
3.25
.23
.25

Per Cent.
75.48
5.19
5.75
4.78
3.24
.22
.25

Ratios.
Dividends to income,
Expenses to income,
State taxes to income,
Guaranty fund additions to income,
Dividends to total assets Oct. 31, .
Expenses to total assets Oct. 31,
State taxes to total assets Oct. 31, .
Guaranty fund additions to total
assets Oct. 3 1 ,..................................

.20

.20

.19

70,859
83,803
$3,186 45

.21

70,022
83,130
$3,068 89

Per Cent.
75.57
5.21
5.83
4.97
3.18
.22
.25
.21

The steady growth of the savings banks is well illustrated by the
foregoing figures.
The apparent decrease in the number o f small loans as well as in
the number of real estate loans is accounted for by the fact that in
1906 the banks reported several loans on a single piece of property
as one loan, instead o f reporting them separately, as heretofore.
This has also caused the average size of real estate loans to appear
to increase considerably.


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Federal Reserve Bank of St. Louis

REPORT OF THE

[Pub. Doc.

The expense account for 1906 has been subdivided as follows : —

Percentage of Percentage of
Income.
Assets.

Amount.

S a la r ie s ,.............................................................................
Other expenses...................................................................

$1,241,134
406,927

3.97
1.30

.17
.05

Total...............................................................................

$1,648,061

5.27

.22

Comparisons of the percentages of “ other expenses,” printed with
the statements of the individual banks, will not be accurate this year,
because most of the banks owning their buildings do not charge
themselves with rent. In making their reports for 1907 such banks
will be asked to add to their expense accounts a fair rental, in ordeithat their expenses may compare fairly with those of banks not
owning their buildings.
Surplus.

The guaranty fund and undivided earnings on October 31, of the
last five years, have been as follows : —
Based on Securities at Book Value.
Gu a r a n t y F u n d .
YEAR.

Per Cent,
of
Deposits.

Amount.

1902,
1903,
1904,
1905,
1906,

$26,075,414
27,409,137
28,675,690
30,100,477
31,611,615

78
77
11
44
57

4.44
4.51
4.54
4.54
4.55

U n d iv id e d E a r n in g s .
Per Cent,
of
Deposits.

Amount.

$11,722,821
13,349,928
14,356,710
14,568,166
15,439,780

07
42
55
58
20

2.00
2.19
2.27
2.20
2.22

To t a l .
Per Cent,
of
Deposits.

Amount.

$37,798,235
40,759,066
43,032,400
44,668,644
47,051,395

85
19
66
02
77

6.44
6.70
6.81
6.74
6.77

Based on Securities at Estimated Market Value.
G u aranty F u n d .
YEAR.

Per Cent,
of
Deposits.

Amount.

1902,
1903,
1904,
1905,
1906,

$26,075,414
27,409,137
28,675,690
30,100,477
31,611,615


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Federal Reserve Bank of St. Louis

78
77
11
44
57

4.44
4.51
4.54
4.54
4.55

U n d iv id e d E a r n in g s .
Per Cent,
of
Deposits.

Amount.

$30,S44,054
26,908,282
28,621,125
29,695,073
25,074,199

70
37
06
41
79

5.25
4.42
4.53
4.48
3.61

Total.
Per Cent,
of
Deposits.

Amount.

$56,919,469
54,317,420
57,296,815
59,795,550
56,685,815

48
14
17
85
36

9.69
8.93
9.07
9.02
8.16

No. 8.]

BANK COMMISSIONER.

y 11

Undivided earnings as given above include both current earnings
not yet divided, and surplus profits accumulated from previous
periods. The figures given under this head cannot therefore be
considered as representing actual surplus over and above provision
for expenses, taxes, dividends and contributions to the guaranty
fund. Until all the banks keep their current earnings in separate
accounts from their accumulated surplus, it will be impossible to
state with accuracy the aggregate accumulated surplus of all the
banks. Most of the banks now make such a separation, and it is
hoped that the remainder will do so before the next annual report
is made.
The marked decline which has taken place in the past year in the
market value of high-grade investment securities is illustrated by
the following table, which shows the book values and the estimated
market values of the various classes of securities held by the 189
savings banks on Oct. 31, 1906, together with the percentage of
excess of market values over book values for the last five years : —

SECURITIES.

Public funds,
Railroad bonds, .
Street railway bonds, .
Boston Term. Co. bds.,
Bank stocks,
Total,

1 9 06.
Book Value.

$76,587,009
130,608,405
12,110,597
10,130,167
12,791,315

42
18
30
00
47

$242,222,494 37

1 9 06.
Market Value.

Pe r c e n t a g e of E x c e ss of M a r k e t
V a l u e s o v e r Bo o k V a l u e s .
1 9 06.

1905.

1904.

1903.

1902.

42
04
00
00
50

.71
1.18
1.79
2.84
55.14

3.22
3.73
4.02
9.69
49.92

4.26
3.48
4.40
8.90
41.41

3.21
3.93
4.35
7.63
40.04

5.86
7.19
12.74
38.02

$251,856,913 96

3.98

6.49

6.55

6.70

9.91

$77,127,384
132,139,795
12,327,022
10,417.680
19,845,032

Interest Rates.

More active trade conditions and heavy borrowing by municipal
and commercial corporations, both in the United States and in
foreign countries, have brought about higher interest rates through­
out the important financial nations of the world. Mutual savings
banks are much slower than other classes of banks in feeling the
advantage of higher rates of interest. A large portion of their funds
is invested in bonds which bear a fixed rate of interest, and a still
larger portion is invested in high-grade real estate mortgages, which,
in Massachusetts, owing to their exemption from taxation, are
always in demand, and do not respond to higher money rates as
quickly as do loans on securities or to corporations.
Furthermore, many of these mortgages run for a term of years,


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Federal Reserve Bank of St. Louis

Vili

REPORT OF THE

[Pub. Doc.

and, like bonds, bear a fixed rate of interest, so that substantially
the only investments o f our savings banks that are in position to
take immediate advantage of higher interest rates are the loans on
personal security, which, according to law, must be paid or renewed
each year. The following table shows the average rates of interest
being received by Massachusetts savings banks on all their loans
(including deposits in banks on interest, but excluding securities
owned) on October 31 of the years indicated : —

Y EAR .

Total Loans.

Average Rate of
Per Cent, of
Interest received
Total Assets.
on Loans.

1892................................................................................... $290,532,231 22
1 8 9 7 , .................................... .........
335,607,037 82
1 9 0 2 , .........................................................................
418,836,566 42
1903,
.........................................................................
433.884,912 40
1904...................................................................................
443,322,758 60
1905...................................................................................
461,178,640 74
1906,
.........................................................................
485,516,086 32

69.86
66.59
67.02
66.81
65.71
65.16
65.47

4.78
4.66
4.53
4.68
4.55
4.44
4.71

Dividends.

The following table shows the rates of dividends paid by the
banks during the last fifteen years : —

N u m ber

R ATE OF
D IV ID E N D .

of

B an k s

p a y in g a t

E ach Ra t e .

1892. 1893. 1894. 1895. 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905. 1906.
per cent.,
per cent.,
per cent.,
per cent.,
per cent.,
per cent.,
per cent.,
per cent.,
per cent.,
percent.,
per cent.,
percent.,
per cent.,
per cent.,
per cent.,

4

.
.

-

-

3
-

I
1
5
-

3
5
2

1
1
9
-

146
5
19
3
7

154
4
19
2
5

155
5
15
4
2

158
1
2
2
13
2

157
1
7
10
1

184

185

185

187

187

.
.
.
.
.
.
.

Total, .
Average rate,

1

_

.
.

2

1

2

1
1

1
1

-

-

1

1
-

2
-

1
-

4
7
2

3
4
16
15

3
3
45
18

o
6
70
20

5
1
90
9

1
3
89
8

2
2
81
10

157
7
9
1

161
1
5
_
5

144
1
1
_

114
1

88
_

81

85
_

92
_

1
1
92
10
1
82
_

3
_
98
13
_
74

_

_

_

_

_

_

_

187

185

186

186

186

186

187

188

1S9

189

. 4.11 4.09 4.06 4.03 4.01 4.00 3.98 3.89 3.81 3.75 3.71 3.71 3.75 3.73 3.69

Average income, 5.16 5.05 5.07 4.81 4.86 4.89 4.72 4.63 4.62 4.61 4.60 4.66 4.70 4.59 4.60

The average income has been obtained by dividing the total income
by the average amount on deposit during the year, as reported to
the Tax Commissioner. While the average rate of dividend cannot
be obtained with absolute exactness, the foregoing averages are


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

IX

sufficiently accurate to show both the declining tendency of the
dividend rate and the closeness with which income and dividends
follow one another; the difference between the income and dividend
having been used in paying expenses and taxes, charging off
premiums and losses and making additions to guaranty fund and
surplus. The decline in the rate of income during the fifteen years
under review is due: (1) to the maturity of many bonds bearing
high rates of interest which had to be replaced with bonds returning
but from 3^4 to 4 per cen t.; (2 ) to the great advance in the market
price of bonds legal for savings banks during the first ten years
of the period; (3 ) to the general decline in the rates of interest
received on loans, as indicated in the table just preceding this para­
graph .
Although the trend of the average rate of dividend has been un­
mistakably downward, there are nevertheless many individual cases
of increases. In the year ending Oct. 31, 1906, for example, the
individual changes in rate o f dividend were as follows : —
1
5
2
1

bank increased from 0 to 3d
banks
“
“
3d to 3f
banks
“
“
3d to 4
bank
“
“
3| to 4

1 bank decreased from 34 to 3
1 bank
“
“
3^ to 3
7 banks
“
“
8 f to 3d
1 bank
“
“
3f to 3d
5 banks
“
“
4 to 3d
6 banks
“
“
4 to 3f

Recommendation for Legislation.

In 1893, at its own request, the Board of Commissioners of Sav­
ings Banks was constituted by the General Court a committee to
assemble the various acts relating to savings banks which had been
passed from 1834 to that year. This committee was given no
authority, however, to recommend any changes in the substance o f
the law, and their work, as well as that of the general revision of
1902, was confined to putting together the many provisions of the
law as enacted from year to year. In several sections the wording
of the law is not quite clear, and its effectiveness could also be con­
siderably increased by the insertion of a number of additional pro­
visions. Instead of presenting these in detail in this report, it is
recommended that the Bank Commissioner, the Treasurer and Re­
ceiver-General and the Commissioner o f Corporations, a Board
constituted by the General Court of 1906 to perform several of the
duties of the former Board of Commissioners o f Saviners Banks, be


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Federal Reserve Bank of St. Louis

REPORT OF THE

X

[Pub. Doc.

authorized to review the savings bank law as a whole, and present
to the next General Court such changes in form or substance as
may seem desirable.

TRUST COMPANIES.
Number of Trust Companies.

The number of trust companies actively engaged in business on
Oct. 31, 1906, was 41, a decrease o f 2 during the year. These
figures do not include 5 companies in process of liquidation on Oct.
31, 1906, nor 1 such company on Oct. 31, 1905. The assets and
liabilities o f the companies in process o f liquidation are, however,
included in the aggregate statements of the condition of trust com­
panies in the following pages.
The organization of the following trust companies was authorized
during 1906 : —

N ame .

Union Trust C o m p a n y ,............................................................
Fitchburg Safe Deposit and Trust Company,
Chelsea Trust C om pany,...........................................................

Location.

Capital.

Springfield, .
Fitchburg,
Chelsea,

$500,000
250.000
200.000

Total..........................................................................................

Began
Business.
Jan. 6, 1906.
Feb 26, 1906.
Feb. 11, 1907.

$950,000

The following trust companies were placed in voluntary liquidation
during 1906 : —

N am e .

Date placed in
Liquidation.

Fitchburg Trust Company, .

Jan. 17,1906,

$100,000

Adams Trust Company,

May

5, 1906,

1,000,000

Mercantile Trust Company, .
Washington Trust Company,

Junell, 1906,
July 28, 1906,

500.000
500.000

Capital.

Deposits.

Absorbed by

$250,085 15

Fitchburg Safe Deposit and
Trust Company.
American L oan and Trust
Company.
4,789,033 10 City Trust Company.
1,463,920 73 Beacon Trust Company.
3,569,078 68

$2,100,000 $10,072,117 66

The Beacon Trust Company increased its capital during 1906
from $300,000 to $400,000.
The tendency toward greater concentration of banking capital and
deposits, so general throughout the United States, has been empha­
sized in Massachusetts during the past year by several consolidations


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

xi

of national banks and trust companies, all o f which are noted in this
report.
The assertion is frequently made that the consolidation o f banks
is contrary to the interests of small borrowers. Inquiry among all
the trust companies which have absorbed other institutions during
1906 shows that there has been little if any tendency to call loans
because of their smallness, and that substantially the only loans
assumed in the mergers which have not been continued were those
based upon unsatisfactory security or credit, or those for which the
security was of a class upon which the absorbing company did not
make loans, such as real estate or merchandise.
Condition of Trust Companies.

The assets and liabilities of the trust companies on the four dates
on which reports were furnished to this office will be found on the
following page : —


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Federal Reserve Bank of St. Louis

REPORT OF THE

X I1

B a n k in g D e p a r t m e n t s .

April 6, 1906,
45
Trust Com­
panies.

[Pub. Doc

Sept. 4, 1906,
46
Trust Com­
panies.

Oct. 31, 1906,
46
Trust Com­
panies.

Nov. 12, 1906,
46
Trust Com­
panies.

A ssets.
Securities.
United States bonds.............................
Commonwealth of Massachusetts
b o n d s , ..........................................
Other stocks and bonds, .

$54,831 94

$54,831 94

$54,831 94

$54,831 94

7,148,044 50
31,072,005 84

6,939,325 00
33,162,346 08

6,604,195 00
32,565,893 10

6,630,206 41
32,593,175 37

Loans, etc.
Loans on real estate............................
Demand loans with collateral,
Other demand loans, .
.
.
.
Time loans with collateral,
Other time loans,
.
.
.
.
Overdrafts..............................................
Syndicate participations, .

6,469,986 79
33,123,333 43
5,3s6,150 97
46,699,446 24
56,451,504 11
163,027 70
-

6,659,119
34,852,431
5,413,916
41,019,154
60,681,913
106,959
3,820,612

94
82
96
04
84
49
20

6,624,889
34,879,270
4,999,833
42,757,551
59,495,276
61,219
2,983,507

93
13
27
46
50
34
25

6,614,780
32,325,027
5,309,122
43,473,718
58,583,189
105,805
2,937,578

44
84
35
80
32
49
94

Leal Estate, etc.
Banking h o u s e ,..................................
Real estate by foreclosure,
Safe deposit vaults, .
.
.
.
Furniture and fixtures,

4,202,535
195,968
311,782
80,890

35
03
52
45

4,402,487
195,634
313,701
103,992

79
16
50
61

4,657,368
186,407
318,675
89,666

12
07
56
71

4,662,538
182,797
323,075
85,322

12
88
56
71

Miscellaneous.
Expense account,
.
.
.
.
Taxes p a id ,..........................................
Interest paid..........................................
Premium account.................................
S u n d r i e s ,...........................................

443,778
37,404
178,081
18,062
97,369

28
43
65
60
28

509,019
3,941
203,932
19,567
204,059

18
07
42
97
09

374,666
106,255
107,936
19,736
108,738

37
73
81
37
03

406,703
121,661
120,596
19,369
72,694

45
84
61
37
66

Cash.
Due from reserve banks, .
Due from other banks,
Checks on other banks,
Other cash items...................................
Currency and speci e, . .
.
.

19,592,758
4,102,443
1,019,277
168,359
8,796,739

95
88
79
97
81

19,746,981
5,736,677
1,022,902
195,129
8,525,280

86
18
98
22
26

25,158,012
4,738,853
1,250,400
250,424
9,807,58?

46
74
65
20
27

20,195,619
3,402,685
1,179,445
109,569
8,744,034

96
34
25
92
20

$226,413,784 51 $233,893,918 60 $238,201,192 01
L ia b il it ie
Capital stock..........................................
Surplus f u n d , ..................................
Earnings undivided, .
.
.
.
Profit and loss.......................................
Guarantee account, .
.
.
.
Intere>t....................................................
Discount..................................................
C o m m i s s i o n s ,..................................
Deposits (payable on demand or
within ten d ays): —
Subject to check.............................
For payment of coupons, etc., .
Certificates of deposit,
Certified checks, .
.
.
.
Treasurer’s checks,
Interest deposits subject to with­
drawal only on presentation
of pass book................................
Deposits (tim e): —
Certificates of deposit,
Open accounts, etc , .
Interest deposits subject to with­
drawal only on presentation
of pass book,
.
.
.
.
Due to reserve banks,
Due to other banks, .
.
.
.
Sinking funds, railroads, .
Sinking funds, corporations, .
Dividends unpaid,
.
.
.
.
Reserved for dividends, .
Bills payable, including certificates
of deposit representing money
borrowed.............................................
Rents, vaults and boxes, .
Reserve for taxes.................................
Sundries..................................................
Special t r u s t s , ..................................


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Federal Reserve Bank of St. Louis

$228,253,551 77

$17,726,000 00
19,960,500 00
813,237 30
3,393,194 84
1,452,186 69
629,220 68
199,625 90

$16,926,000
22,048,500
998,377
2,928,307
9,018
650,776
1,437,367
125,780

00
00
03
59
71
54
69
27

$16,427,000
21,719,394
1,031,330
3,149,426
10,607
826,978
649,333
60,619

00
31
84
72
24
42
39
72

$16,427,000
21,469,384
1,121,557
3,019,037
10,518
954,681
853,406
74,760

00
31
61
55
71
34
65
06

163,335,262
909,576
4,931,792
1,215,318
793,964

166,919,724
1,178,039
4,481,601
833,263
779,677

92
26
43
83
59

172,019,322
2,356,075
4,293,658
819,890
561,545

30
49
37
02
43

162,883,557
1,307,464
3,874,237
1,280,972
702,891

00
34
71
73
08

88
90
12
88
11

-

1,247,082 24
5,354,153 63
-

377,654
1,130,220
181,865
1,913,661
27,148

29
83
75
76
00

-

74,684
25,258
59,927
182,481
479,764

2,379,797 82

2,287,670 98

2,287,249 58

1,097,109 21
5,254,473 44

667,320 67
5,203,791 77

665,593 52
4,971,255 03

2,942,213
372,145
50,097
269,295
1,733,414
4,884

2,909,173
827,932
134,959
176,186
1,809,693
19,322
60,000

2,894,546
930,401
95,603
188,487
1,771,551
4,809

12
42
96
24
45
50

-

71
93
70
85
52

148,079
15,314
153,700
156,958

69
01
00
88

40
63
23
28
53
00
00

10
90
82
28
58
50

-

104,656 52
30,429 97
44,872 78

354,966 01
32.448 18
1.600 00
75,560 18
-

$226,413,784 51 ,$233,893,918 60 $238,201,192 01

$228,253,551 77

Xlll

BANK COMMISSIONER

No. 8.]

April 6,1906,
20
Trust Com­
panies.

T ru st D e p a r t m e n t s .

Nov. 12, 1906,
20
Trust Com­
panies.

Sept. 4,1906,
21
Trust Com­
panies.

Oct. 31, 1906,
21
Trust Com­
panies.

$83,062
19,290
114,407
942,028
75,147
398,055
439,184
7,406,979
1,020,480
3,968,096

25
00
94
58
50
10
70
27
41
15

$83,062
19,390
118,407
926,301
150,734
399,883
1,182,384
7,562,829
1,116,036
4,027,088

25
00
94
51
79
19
70
15
35
64

$83,062
19,390
117,407
852,267
150,734
395,883
1,179,805
7,548,956
1,116,036
3,802,514

26
00
94
06
79
19
65
05
35
93

10,264,298
404,000
14,044
52,750

44
00
00
00

10,310,387
466,850
17,972
52,750

35
00
00
00

10,220,651
467,450
17,972
52,750

24
00
00
00

A ssets.
Securities.
United States bonds............................
State bonds,..........................................
City, county and town bonds, .
Railroad b o n d s ,..................................
Street railway bonds,
Miscellaneous bonds and stocks, .
Bank stocks............................................
Railroad stocks.....................................
Manufacturing stocks,
Miscellaneous stocks,

$83,062 25
19,290 00
107,796 10
915,521 80
7,000 00
4,031,605 33
457,305 45
6,788,957 50
907,372 49
-

Loans.
Loans on real estate,
Loans with collaterals or sureties, .
Notes of individuals............................
Notes of corporations,

9,706,771
749,547
19,584
62,950

Real Estate.
Real estate owned,
.
.
Real estate by foreclosure,

2,781,726 64
-

2,693,689 40
124,274 25

2,786,594 83
86,373 37

2,782,681 18
86,328 22

340,831 26
20,800 00
19,334 75

340,831 26
20,800 00
61,805 00

340,831 26
20,800 00
4,943 35

340,831 26
20,800 00
4,943 35

227,439 44

232,687 59

224,537 27

224,417 27

727,512 17

427,181 02
56,988 70

366,948 09
30,304 64

372,094 96
3,415 81

$27,974,408 40

$29,160,081 56

$30,295,410 68

$29,860,393 50

$26,186,435 06
1,437,651 38
274,966 01
75,355 95
-

$27,418,795 20
1,394,844 83
256,244 54
90,196 99
-

$28,637,657 23
1,315,280 92
254,424 97
88,047 56
-

$28,329,320
1,183,186
259,539
88,047
300

$27,974,408 40

$29,160,081 56

$30,295,410 68

$29,860,393 50

.

.

Miscellaneous.
Trust fund agreements,
A n n u it i e s ,...........................................
Sundries..................................................
Cash.
Deposits in savings banks,
Deposits in national banks or trust
c o m p a n i e s , ..................................
Cash on h a n d , ..................................

L ia b il it ie s .
On trust accounts.................................
A s executors, administrators, etc.,
Incom e,.
. - ..................................
D iv id e n d s ,..........................................
S u n d r i e s , ..........................................

90
00
32
00

-

06
55
33
56
00

Reserve.

The aggregate reserve on the date of the four reports made dur­
ing 1906 was as follows : —
R e se r v e
No.
of
Co.’s.

D ATE.

Apr. 6,
Sept. 4,
Oct, 31,
Nov. 12,

.
.
.
.

45
46
46
46

Net
Deposits.

Reserve
required.
A mount.

$170,673,549 $25,601,032 $36,192,373
175,554,989
26,333,248
35,266,417
181,107,082
27,166,062
41,624,620
171,161,734
25,674,426
35,624,690


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Federal Reserve Bank of St. Louis

held.

C l a s s if ic a t io n

of

Reser ve.

Per Cent,
of
Deposits.

Cash.

U. S. and
Mass.
Bonds.

Due from
Reserve
Banks.

21.2
20.1
23.0
20.8

$8,796,739
8,525,280
9,807,582
8,744,034

$7,802,876
6,994,156
6,659,026
6,685,037

$19,592,758
19,746,981
25,158,012
20,195,619

REPOET OF THE

X IV

[Pub. Doc.

Earnings and Dividends.

The aggregate income account of the trust companies for the year
ending Oct. 31, 1906, is as follows : —
Gross earnings,...................................................................................................... $10,805,966 74
Less interest paid to depositors,
.
.
.
.
$3,333,789 33
Less expenses, taxes and other deductions,
.
.
4,072,822 97
--------------------7,406,612 30
Net e a r n i n g s , .............................................................................................. $3,399,354 44
Less dividends,....................................................................................................
1,399,875 00
B a l a n c e , .........................................................................................................$1,999,479 44
O f which $1,254,500 was transferred to surplus, and $744,979 44 was carried as
undivided earnings.

It will be seen that the amount of interest paid depositors was
substantially the same as the amount divisible among the stock­
holders o f the companies, i.e., net earnings. The amount paid
depositors was equivalent to 1.79 per cent, on the average deposit.
It is interesting to compare the earnings of deposits in trust
companies with the earnings of deposits in savings banks, although
the comparison can be but a rough one, as the trust companies,
especially those in the larger cities, have a number of sources of
income other than from investment o f their deposits, such as their
trust and transfer departments and safe deposit vaults. The income
from all sources o f the trust companies for the year ending Oct, 31,
1906, was equivalent to 5.79 per cent, on their average deposits,
while the total income of the savings banks on their average deposits
for the same period was 4.60 per cent. ; or for the trust companies
4.54 per cent, on their total assets of Oct. 31, 1906, and for the
savings banks 4.21 per cent, on their total assets of the same date.
The amount earned and the amount divided on capital and sur­
plus (as of Oct. 31, 1906) by the trust companies may be compared
with similar figures for the national banks o f Massachusetts during
practically the same period, taken from the 1906 report o f the
Comptroller o f the Currency : —


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER.

No. 8.]

Massachusetts trust companies.....................................
Massachusetts national banks.......................................

xy

Net Earnings
to Capital
and Surplus
(Per Cent.).

Dividends to
Capital
and Surplus
(Per Cent.).

Dividends
to
Capital
(Per Cent.).

8.91
7.40

3.67
4.25

8.52
6.29

Number of Depositors.

The number of depositors in the trust companies Oct. 31, 1906,
was 112,728, as compared with 99,271 a year before. The average
balance in each account on Oct. 31, 1906, was $1,618.23, while that
o f the previous year was $1,698.67.
Savings Deposits.

Chapter 113 of the Revised Laws, as amended by chapter 377 of
the Acts o f 1906, permits trust companies organized prior to Jan.
1, 1905, to receive deposits in the way or manner of a savings bank.
The following table shows the extent to which this privilege was
being availed of on Oct. 31, 1906 : —
NAM E OP COMPANY.

Location.

Gloucester Safe Deposit and Trust Company,
Haverhill Trust Company,
.
.
.
.
Lynn Safe 1»eposit and Trust Company,
Malden Trust Company........................................
North Adams Trust Company, .
.
. .
Security safe Deposit and Trust Company, .
Waltham Trust Company....................................

Gloucester, .
Haverhill,
Lynn,
Malden, .
North Adams,
Lynn,
Waltham,

Total....................................................................

Savings Deposits. Total Deposits.
$1,931,375
404,918
1,084,066
304,730
103,915
898,873
468,964

01
80
71
82
29
45
30

$5,196,844 38

$1,931,444
803,854
1,084,066
926,852
375,540
1,391,468
793,561

01
43
71
03
17
34
83

$7,306,787 52

Insolvent Trust Companies.

Since the first trust company was established, in 1871, four com­
panies have been placed in the hands of receivers. The Union
Trust Company of Boston paid its depositors in full, and its charter
and remaining assets were surrendered to the stockholders. The
Hampden Trust Company of Springfield resumed business after a
receivership of fourteen months. The receiverships of the other
two have not yet terminated, and their present status is as follows : —
Suffolk Trust Company o f Boston. — The receiver was appointed
in September, 1891, and was able from the assets to realize only
enough to pay depositors 30 per cent, of the amount due them.


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Federal Reserve Bank of St. Louis

XVI

REPORT OF TH E

[Pub. Doc.

One of the depositors then obtained a judgment on Dee. 3, 1894,
against the company, and proceeded under the statute to enforce
the stockholders’ liability by suit brought in the Supreme Judicial
Court in equity. A decree was obtained on Feb. 19, 1904, under
which $10,318.99 has thus far been collected, with small prospect of
further collections.
Taunton Safe Deposit and Trust Company o f Taunton. — The
receiver was appointed Feb. 29, 1904, and has been able from
liquidation o f the assets to pay depositors 75 per cent, of the amount
due them. As there is little prospect of recovering further amounts
from the assets, the receiver is about to take steps to have the
stockholders’ liability enforced.
Recommendations for Legislation.

(1 ) Calls fo r Statement o f Condition. — Section 36 of chapter
116 o f the Revised Laws gives the Bank Commissioner authority to
require trust companies to make returns showing their condition not
more than four times a year, in addition to the annual statement of
October 31. In 1906 three such calls were made, instead o f one as
in previous years.
The national bank act requires the national banks to make returns
to the Comptroller o f the Currency five times a year; and it is
recommended that section 36 be amended by substituting the word
“ five” for the word “ four,” also that this provision be extended to
trust companies operating under special charters. This would enable
the Bank Commissioner, whenever it seemed desirable, to call for
returns of the trust companies when the comptroller calls for returns
o f the national banks, and in this way to obtain simultaneous publica­
tion of the assets and liabilities of all the national banks and trust
companies in the Commonwealth.
(2 ) Examinations by Directors. — The directors or stockholders
o f nearly all the Massachusetts trust companies now make examina­
tions of their respective companies.
These examinations vary
considerably in extent and thoroughness, and in order that they
may be more uniform it is recommended that a law be enacted re­
quiring the stockholders of trust companies at their annual meeting
to elect an examining committee o f not less than three, on which
committee no officer or member of the executive or finance committee
of the board of directors should serve.


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER.

No. 8.]

xv 11

The duty of the examining committee should be to make, or
cause to be made, at least once in each calendar year, a thorough
examination of the assets and liabilities of the company, including
those o f its trust department. The committee should make a sworn
report on blanks furnished by the Bank Commissioner, stating the
assets and liabilities as found by them, and specifying all securities,
loans or collaterals which in their judgment are not worth the value
at which they are carried on the books of the company, or which
are not readily marketable, together with such other information as
the Bank Commissioner may require. This report should be made
in duplicate, one copy to be returned to the Bank Commissioner,
and the other to be kept on file at the office of the company and to
be read at the next meetings of the directors and the stockholders
after its completion.
Such an examination would have two advantages: (1 ) it would
place all the directors of a trust company in possession of full
information concerning its condition; and (2) it would give this
department the benefit of a review of the assets of each company by
local appraisers possessing a knowledge of them which it is practi­
cally impossible for its examiners to acquire in the limited time
they can devote to each company.
A similar law has been in successful operation for some years in
New Hampshire and New York.

NATIONAL BANKS IN MASSACHUSETTS.
The table on the following page shows the assets and liabilities of
the banking departments of all trust companies in Massachusetts,
together with the assets and liabilities of all national banks in
Massachusetts, on the dates indicated : —


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Federal Reserve Bank of St. Louis

REPORT OF THE

X Y lll

Nov. 12,1906,
46
Trust Com­
panies.
Assets.
U. S. bonds for circulation,
U. S. bonds for deposits, .
Other bonds for deposits, .
U. S.bonds.............................................
Other bonds, securities, etc., .
Loans and discounts...........................
Overdrafts..............................................
Syndicate participations, .
Banking houses, etc.,
Other real estate owned, .
Premium account,
.
.
.
.
Due from reserve banks, .
Due from other banks,
Currency and specie............................
Checks on other banks,
Other cash items,
.
.
.
.
Sundry assets........................................
5 per cent, fund with U. S. Treas­
urer, ...................................................
Due from U. S. Treasurer,

[Pub. Doc

Nov. 12, 1906,
205

National
Banks.

Nov. 9, 1905,
313

National
Banks.

$29,753,500 00
2,469,950 00
4,008,700 00
$54,831
39,223,381
146,305,838
105,805
2,937,578
5,070,936
182,797
19,369
20,195,619
3,402,685
8,744,034
1,179,445
109,569
72,694

94
78
75
49
94
39
88
37
96
34
20
25
92
66

31,639,413 85
292,176,848 82
208,247 08
5,517,386
254,316
314,583
46,573,873
23,849,220
33,150,136
22,502,954
1,421,595

56
47
45
51
06
13
79
49

$54,831
36,608,407
142,930,717
119,206

94
19
48
58

4,245,593
202,640
18,370
25,244,715
3,046,058
9,867,165
1,274,833
137,456
109,930

17
98
24
36
32
34
52
02
42

1,454,122 50
240,050 00
$227,604,589 87 $495,534,898 71

Liabilities.
Capital stock,
. .
.
.
Surplus fund.................................
Undivided profits,
National bank circulation,
Due to reserve banks,
Due to other banks, .
Deposits..........................................
Bonds borrowed,
Notes rediscounted, .
Bills payable,
.
.
.
.
Dividends unpaid,
Reserve for taxes,
Sundry liabilities,

Oct. 31, 1905,
44
Trust Com­
panies.

$16,427,000 00
21,469,394 31
5,417,448 20

$223,859,326 56

$17,076,000 00
19,291,000 00
4,517,800 76

$227,604 589 87 $495,534,898 71

$223,859,326 56

354,966
4,809
1,600
75,560

01
50
00
18

00
00
00
00
46
81
08

7,285,574
308,628
427,645
43,837,921
22,340,049
34,779,813
16,214,199
1,561,036

94
46
77
39
90
70
07
51

1,450,662 00
486,027 27

00
00
15
00
09
34
93
00
00
00
90
05
65

930,401 90
95,603 82
182,827,805 95

$60,242,500
32,291,275
14,447,973
28,98'',025
12,045,762
79,208,937
263,301,103
3.164.950
40,000
1.621.950
62,300
73,298
45,822

$29,552,950
2,772,500
267,800
212,200
31,299,252
289,504,322
127,103

$482,427,687 36

$62,702,500
29,035,350
15,060,271
29,023,770
9,846,658
80,185,078
252,571,850
2,120,950
89,086
1,636,250
76,686
26,747
52.488

398,054 29
1,699,827 90
180,539,657 84
102,000
56,991
176,638
1,355

00
75
40
62

00
00
74
00
00
25
15
00
77
00
30
59
56

$482,427,687 36

Daring 1906 the following Massachusetts national banks were
placed in voluntary liquidation : —

Location.

N am e.

Quinsigamond Na­ Worcester, .
tional Bank.
Second National Bank, Haverhill,

Date placed in
Liquidation.

Capital.

Jan. 15, 1906,

$250,000 $1,649,949 62

Deposits.

Feb. 12, 1906,

150,000

266,277 74

Absorbed by.

Worcester Trust ComHavi-rhlll Trust Comparty.
Union T r u s t C om -

City National Bank, .

Springfield, .

“

8, 1906,

250,000

1,759,824 82

Rollstone N a tio n a l
Bank.

Fitchburg,

“

24, 1906,

250,000

781,368 85

Fitchburg Safe De­
posit and Trust Com-

First National Bank,

Springfield, .

March 5, 1906,

Union T r u s t C o m ­
pany.
Union T r u s t C o m ­
pany.
Union T r u s t C o m ­
pany.
City Trust Company.

Second National Bank, Springfield, .
John Hancock Na­
tional Bank.
Bunker Hill National
Bank.
National E x c h a n g e
Bank.

Springfield, .

400,000

654,092 36

»

30, 1906,

300,000

1,278,534 94

“

28, 1906,

250,000

335,395 32

Charlestown,

April 6, 1906,

500,000

2,600,442 34

Boston,

Dec. 31, 1906,

1 ,0 0 0 ,0 0 0

5,563,749 04


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Federal Reserve Bank of St. Louis

$3,350,000 $14,921,021 39

National
Bank.

S haw m ut

No. 8.]

BANK COMMISSIONER.

X IX

The First National Bank of Chelsea was placed in the hands of a
receiver Aug. 17, 1906. On that date its capital was $300,000, and
its deposits $669,344.72.

FOREIGN BANKING ASSOCIATIONS.
A t the opening of the year 1906 there were a number of bankingcorporations doing business in Massachusetts under charters granted
by other States or countries.
Chapter 463 of the Acts of 1902 gave the Savings Bank Commis­
sioners permission to visit such institutions, but did not clearly
empower them to proceed against them, should they prove, upon
investigation, to be insolvent. After the passage of this law the
Savings Bank Commissioners, in their report for 1903, called the
attention of the General Court to the desirability of regulating and
restraining foreign banking corporations. Further reference to this
matter was made by the Governor in his inaugural address on
Jan. 4, 1906, and great publicity was given to the whole subject
by the granting on the same day of a preliminary injunction against
one of these corporations, and by the appointment, on Feb. 13,
1906, of a receiver for another of them.
The history of these two corporations and of the actions taken
against them is as follows : —
Provident Securities and Banking Company.

On Oct. 26, 1902, this company, organized under the laws of
South Dakota with an exceedingly broad charter, filed the necessary
papers to qualify it to transact business in this Commonwealth.
The original purpose of its management is believed to have been
the promotion and financing of various business undertakings, the
funds for which it expected to obtain through the sale of its capital
stock. Arrangements were made with financial agents to float the
capital stock, but the results in this direction evidently did not meet
with success, for under date o f March 25, 1903, the charter was
amended so that the company was authorized “ to receive for invest­
ment sums of money from individuals, partnerships and corporations,
and deliver the same upon demand to the same individuals, partner­
ships or corporations, or to pay out the same upon their order; ”
whereupon the company opened an “ Auxiliary Department,” and

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Federal Reserve Bank of St. Louis

XX

REPORT OF THE

[Pub. Doc.

began to solicit public deposits through the medium of the so-called
toy banks. The deposits subsequent^ acquired by the company
were principally from persons of moderate circumstances, and of the
character ordinarily designated as savings deposits.
In the latter part of December, 1905, the commissioners author­
ized an expert to examine the affairs of the company ; and his
report, presented Jan. 3, 1906, was of such a character as to lead to
the immediate filing of a bill in equity in the Supreme Judicial
Court to restrain the company from further transaction o f business,
and for the appointment o f one or more receivers. The bill was
filed January 4, a preliminary injunction was at once issued, and
a hearing set for the following morning.
At this hearing the attorneys for the company filed a demurrer to
the bill, setting forth that the Board of Commissioners of Savings
Banks had no individual or personal right or interest which entitled
them to bring and maintain the b ill; that as a Board they had no
authority in law ; and that the statutes o f the Commonwealth did
not confer any authority upon them to bring and maintain the bill.
An interlocutory decree was issued January 10, appointing two
custodians to hold the books, papers and assets o f the company,
pending the further order of the court.
On January 17 a new bill was filed by one o f the creditors o f the
company, in behalf of himself and other depositors, upon which a
hearing was held January 19; and upon this bill a decree was
granted, appointing two receivers to liquidate the affairs of the
company.
The receivers, Messrs. Alfred S. Hall and Charles F. Weed,
have not yet made any report to the court, other than a statement
of the assets which have come into their possession.
The Hanover Bank.

This company was incorporated under the laws of West Virginia,
June 13, 1905, for the purpose of transacting a general banking
business ; and on June 21, 1905, filed the necessary papers to enable
it to transact business in this Commonwealth. It opened for
business Sept. 18, 1905, taking over the assets and assuming the
liabilities of the State Banking and Safe Deposit Company, another
foreign banking corporation.
The Hanover Bank was visited on Sept. 24, 1905, by the Savings


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

XX1

Bank Commissioners, and their examination disclosed an unsatis­
factory condition o f affairs. Over 80 per cent, of its assets were in
bonds, the market value of which was problematical and extremely
difficult to obtain. Correspondence was immediately commenced
with banking houses with a view to ascertaining their value; but
extended inquiries failed to establish either the worth or worthless­
ness of the bonds. The information as received was laid before
the Attorney-General’s department, together with all other data
gathered at the examination ; but, as the solvency of the institution
was largely dependent upon the value o f these bonds, the Board
was advised that their value ought to be established prior to the
institution o f any action in the courts looking to the closing of its
affairs.
While the investigation was under way, the daily press of Feb.
6, 1906, announced the arrest of the vice-president and manager of
the bank upon complaint of the post-office authorities, charging him
with using the mails to promote a conspiracy to defraud; and, as
some o f the alleged transactions seemed to implicate the Hanover
Bank, it was deemed expedient, for the protection o f its depositors,
to apply for an injunction. On application made Feb. 6, 1906, a
temporary injunction was ordered, and a hearing set for Feb. 13,
1906. During this interim, the Attorney-General being of the
opinion that chapter 463 of the Acts o f 1902 did not clothe the
Board of Commissioners of Savings Banks with authority to proceed
against foreign banking corporations, a bill was introduced in the
General Court which granted this power, and on February 9 the
measure was passed by both branches, under a suspension o f all
necessary rules.
At the hearing on February 13 the temporary injunction was
made permanent, and Charles C. Barton, Jr., was appointed re­
ceiver. In his first report to the court, filed Oct. 17, 1906, he
states that the nominal assets, excluding absolutely worthless items,
amount to about $15,000, of which $1,501.42 have been collected.
The claims received amount to $13,757.13.
Legislation in 1906.

The permissive act of 1902 was repealed, and an act was passed
(chapter 347 of the Acts of 1906, see Appendix) placing foreign
corporations doing a banking business in the Commonwealth defi-


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Federal Reserve Bank of St. Louis

X X 11

REPORT OF THE

[Pub. Doc.

nitely under the supervision of the Bank Commissioner, and requir­
ing- any foreign banking corporations wishing to do business in
Massachusetts subsequent to the passage of the act to obtain a cer
tificate from a Board consisting of the Bank Commissioner, the
Treasurer and Receiver-General and the Commissioner o f Corpora­
tions, allowing them to do such business.
At the passage of the act there were two foreign banking corpora­
tions doing business in the Commonwealth, the statements of which
will be found following the statements of the trust companies, at the
end of the report. No others have since applied to this Board for a
certificate.
Recommendation for Legislation.

In his inaugural address, delivered Jan. 3, 1907, the Governor
called the attention of the General Court to the fact that the un­
authorized banking act permitted foreign banking corporations to
take savings deposits in Massachusetts without requiring for such
deposits any of the safeguards thrown about them when taken by
Massachusetts savings banks and trust companies.
It seems desirable that savings depositors in such institutions
should be protected by the passage of a law requiring a foreign bank­
ing corporation desiring to receive deposits or transact business in the
way or manner of a savings bank, either (1 ) to establish a savings
department for the purpose, similar to the trust department of a
trust company, and to invest deposits in its savings department
under the laws governing the investments o f Massachusetts savings
banks, or (2 ) to deposit with the Treasurer and Receiver-General
securities of an amount and character sufficient to amply secure its
savings deposits.
Foreign banking corporations should also be subject to the pro­
visions o f the trust company law governing the establishment of
branch offices.

UNAUTHORIZED BANKING.
Under the unauthorized banking act (chapter 377 of the Acts of
1906, see Appendix), which prohibited corporations, firms, asso­
ciations or individuals, other than savings banks, foreign banking
corporations and trust companies chartered prior to Jan. 1, 1905,
from doing business in the way or manner of a savings bank,
investigations have been made of 62 corporations, firms, associa-


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

xxiii

tions and individuals which make a business of receiving money on
deposit.
Two corporations were found receiving savings deposits in vio­
lation o f the law ; one of them has since paid all its depositors in
full; the-other has paid 66 per cent, of its deposits in full, and
notices have been sent out requesting a withdrawal of the remaining
deposits, to meet which sufficient cash is carried on hand at all times.
In making these numerous investigations to learn whether the
unauthorized banking act was being violated, it has been possible
to obtain a general survey of the various kinds o f banking being
carried on in the Commonwealth, outside of those which are carried
on by national banks, savings banks, co-operative banks, trust
companies and foreign banking corporations. They fall into two
classes : —
(a) Private bankers (whether firms or individuals).
(b) Voluntary associations.
It seems desirable that these bankers and associations should, for
the protection of their depositors, be placed under the supervision
of the banking department, as suggested in the following paragraphs.
(a) Private Bankers.

(1 ) Those whose Entire Business is that o f Banking and Broker­
age. — This class of private bankers exists only in the largest cities
of the Commonwealth, and seldom advertises for or solicits deposits.
Those who deposit with such private bankers fully understand the
nature o f the business they transact, and need no legal protec­
tion.
(2 ) Those whose Entire Business is that o f Banking, but who
operate in Connection with an Associated Business. — A number of
individuals interested in a large Boston department store, itself a
Massachusetts corporation, have within a few months formed a part­
nership with a name similar to that of the store, and with offices
in the store, for the purpose of doing business as private bankers.
A higher rate of interest is allowed by them on accounts subject
to check than is customary among national banks and trust com­
panies in Boston, — higher, in fact, than is paid by most of the
Boston savings banks. The class of depositors likely to be tempted
by these rates is the class whose money would naturally be placed
in the savings banks, although this particular firm has taken pains


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Federal Reserve Bank of St. Louis

xxiv

REPORT OF THE

[Pub. Doc.

to make it clear, in its advertisements and printed matter, that it is
not a savings bank.
The advantage to the store of thus obtaining a practically per­
manent loan, at a low rate o f interest, is evident. The disadvan­
tage to the public o f this form of banking is that thoso who can
least afford to loan their money to a single mercantile establishment
are the ones most likely to do so, in order to take advantage o f the
high rate of interest offered.
Since this firm began to transact business and to advertise for
deposits, proprietors of other stores have approached the banking
department and expressed a desire to do a similar business ; and,
if there is no law to prevent them, it is probable that within a few
years a number of stores in Boston and other large cities in the
Commonwealth will be advertising for and receiving deposits, and
conducting a general banking business.
I f this form of banking' is considered contrary to public ad­
vantage, the spread of it could probably be effectually prevented
by the passage of a law forbidding the soliciting of deposits through
advertisements, or the circulation of any written or printed matter
issued for the purpose, by any corporation, association, partnership
or individual, other than those authorized by law to receive deposits.
(3 )
Those whose Business is partly Banking and partly selling
Steamship) Tickets and supplying Laborers. — This class is a large
one, composed mostly of foreigners, and is to be found in nearly
all the cities of the Commonwealth. The deposits they receive are
confined almost entirely to the deposits of their own countrymen.
The money is usually left for safe-keeping only, rather than to
obtain interest on it, as most of these bankers allow no interest.
The money thus deposited is generally used by the banker in his
business; but some keep the money in envelopes, marked with the
names of the depositor. It would be a hardship to foreign laborers,
often engaged in temporary construction Avork in country districts,
if they were not permitted to leave their wages or savings for safe­
keeping with bankers whom they know and trust; but they should
be carefully protected against misuse o f the money by the bankers.
A beginning in this direction was made in 1905, when bankers of
this class were compelled to furnish a bond o f $15,000 to the Treas­
urer and Receiver-General, to protect those to whom they had sold
drafts on foreign countries. This law should be broadened so that
the bond furnished Avould cover also money held on deposit, or for

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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

XXV

safe-keeping. Authority should also be given to the Bank Com­
missioner to require sworn statements of condition from such bank­
ers, to examine their assets and liabilities, and to increase the
amount of the bond required of any banker, if it appears that
$15,000 is not sufficient to cover all his liabilities.
(b) Voluntary Associations.

( 1) Savings Associations fo r Employees o f Certain Industries. —
A number of the larger mercantile and other business houses have
organized associations among their employees to encourage saving,
and in some cases to furnish loans to them at reasonable rates,
membership being always limited to the employees of one particular
establishment or business.
The management of these associations
varies greatly, from mutual organizations of the employees to receive
and loan deposits, to a mere depositing of savings with the pro­
prietors of the establishment, who allow a certain rate of interest
thereon. Such organizations should be required to make reports to
this department; the officers who have custody o f their funds should
be bonded; and the Bank Commissioner should be given the same
powers in regard to them as are given to him in the case of savings
banks.
(2 ) Stamp and School Savings Societies. — There are 12 or
more societies or associations in Massachusetts the object of which
is to encourage savings among children. Some operate through
the principals of public schools, others through charitable societies ;
some enter the deposits and withdrawals in a pass-book, after the
manner of a savings bank, while others paste colored stamps of
various denominations on the child’s card, indicating the amount
deposited. The money received from the children is usually de­
posited in near-by savings banks or trust companies, the total
amount on deposit being about $35,000. These societies, extending
throughout the United States, are part of a movement the object of
which is to teach school children to save. According; to figures furnished by Mr. J. H. Thiry o f Long Island City, N. Y ., on Jan. 1,
1906, there were 122 of these societies, in various parts o f the
country, having on deposit $1,223,560.32.
There seems to be but little likelihood of loss to the depositors in
these societies, unless the collectors and those in charge of the money
are dishonest. This could be guarded against by requiring bonds to
be furnished in amounts commensurate with the money received.

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Federal Reserve Bank of St. Louis

REPORT OF THE

XXVI

[Pub. Doc.

(c?) Savings and Loan Associations. — There are three savings
and loan associations in Attleborough and the vicinity, based on
the co-operative bank principle, but differing from co-operative
banks in a number of ways, the most radical being (1) that when
the shares have matured the shareholders are not required to with­
draw their money, but may leave it on deposit for an indefinite
period, and (2) that borrowers need not become shareholders. The
oldest of these associations began business in 1876, prior to the
passage of the first co-operative bank act, and they all appear to
be well managed and to have the confidence of their townspeople,
the assets of the three associations being over $1,000,000.
In the absence o f general legislation providing for and regulating
this form o f banking, and as there seems to be no demand for it
elsewhere, it seems desirable that the extension of it should be
prohibited, and that the Bank Commissioner should be given the
powers, relative to the existing associations, which are described in
section 28 of the co-operative bank law.

GENERAL.
Reorganization of Banking Department.

Chapter 204 of the Acts of 1906 (see Appendix), passed March
27, 1906, provided that most of the duties performed by the Board
of Commissioners of Savings Banks should be performed in future
by a Bank Commissioner, a deputy commissioner and five examiners.
The power to issue certificates permitting the incorporation of new
trust companies and co-operative banks, and permitting trust com­
panies to establish branches or trust departments, was delegated to
a Board consisting o f the Bank Commissioner, the Treasurer and
Receiver-General and the Commissioner of Corporations.
The Bank Commissioner took office April 25, 1906, and the de­
partment was organized by the following appointments : —


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

T itle .

Deputy commissioner,
Examiner, .
Examiner, .

Name.

Clarence A . Evans, .
Andrew M. Dorr,
Frederick H. Payne,

Residence.

Previous Occupation.

Salem,
Boston,
Greenfield,

Treasurer Salem Savings Bank.
Savings Bank Commissioner.
Teller First National Bank, Green­
field.
Former Cashier First National Bank,
Worcester.
Assistant to national bank examiner.
Discount clerk, State Street Trust
Company.
Savings Bank Commissioner.
Same, reappointment.
Same, reappointment.
Same, reappointment.
Same, reappointment.

Examiner,

.

Gilbert K . Rand,

Worcester,

Examiner,
Examiner,

.
.

Harry 0 . Robinson, .
Albert L. Stratton, .

Malden,
Hudson,

James 0 . Otis, .
Herbert F. Taylor, .
Charles W . Levi,
Oreb M Tucker,
Miss Josaphine E. Brown,

Malden, .
Chelsea, .
Newton, .
Boston,
Winthrop,

Secretary, .
First clerk, .
Second cierk,
Third clerk,
Stenographer,

X X Y ll

.

The staff of the department being now nearly twice as large as
heretofore, it has been possible to make somewhat more extended
examinations o f the institutions under its supervision, and it is hoped
that during 1907 it will be possible to examine a number of the
trust companies twice instead of once, as has been the custom in the
past.
Annual Report.

The tables o f statistics hitherto placed at the end o f the report
will be found immediately following the text. By a slight conden­
sation o f the form o f the statements of the various institutions, but
with no omissions of matter, the number of pages in the report has
been reduced by about one-third.
In the Appendix will be found the statutes governing the savings
banks and trust companies, corrected to date, together with the laws
passed in 1906 relating to foreign banking corporations, unauthor­
ized banking and the reorganization of the banking department.


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Federal Reserve Bank of St. Louis

PIERRE JAY ,
Bank Commissioner.


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Federal Reserve Bank of St. Louis

MISCELLANEOUS STATISTICS.

SAVINGS BANKS, TRUST COMPANIES
AND NATIONAL BANKS.


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Federal Reserve Bank of St. Louis

T A B L E exhibiting the Number, Condition and Progress o f the Savings Banks o f Massachusetts in Each Tear from 1 8 3 4 to 1 9 0 6 ,
inclusive.
[Returns first required by Acts 1834, Chapter 190.]

YEAR.


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Federal Reserve Bank of St. Louis

24,256
27,232
29,786
32,564
33,063
36,686
37,470
41,423
42,587
43,217
49,699
58,178
62,893
68,312
69,894
71,629
78,823
86,537
97,353
117,404
136,654
148,263
165,484
177,375
182,655
205,409
230,068
225,058
248,900
272,219
291,616
291,488
316,853

2,976
2,554
2,778
499
3,623
784
3,953
1,164
630
6,482
8,479
4,715
5,419
1,582
1,735
7,194
7,715
10,816
20,051
19,250
11,609
17,221
11,891
5,280
22,754
24,659
5,010f
23,842
23,319
19,397
128f
25,365

12.27
9.38
9.33
1.53
10.96
2.14
10.55
2.81
1.4S
15.00
17.06
8.10
8.62
2.32
2.48
10.04
9.79
12.50
20.60
16.40
8.50
11.62
7.19
2.98
12.46
12.00
2.18
10.59
9.37
7.13
.04
8.70

$3,407,773
3,921,370
4,374,578
4,781,426
4,869,393
5,608,159
5,819,554
6,714,182
6,900,451
6,935,547
8,261,345
9,813,288
10,680,933
11,780,813
11,970,448
12,111,554
13,660,024
15,554,089
18,401,308
23,370,102
25,936,858
27,296,217
30,373,447
33,015,757
33,914,972
39,424,419
45,054,236
44,785,439
50,403,674
56,883,828
62,557,604
59,936,482
67,732,264

$513,597
453,208
400,848
87,967
738,766
211,395
894,628
186,270
35,095
1,325,798
1,551,943
867,645
1,099,880
189,635
141,106
1,548,471
1,894,065
2,847,219
4,968,794
2,566,756
1,257,359
3,077,231
2,642,310
899,215
5,509,647
5,629,817
268,797t
5,618,235
6,480,154
5,673,775
2,621,12 It
7,795,281

Per­
centage
of In­
crease.

15.07
11.56
9.16
1.84
15.17
3.77
15.37
2.77
.51
19.12
18.79
8.84
10.30
1.61
1.18
12.79
13.87
18.31
27.00
10.98
4.85
11.27
8.69
2.72
16.25
14.28
.60
12.54
12.86
9.97
4.19
13.01

Aver­
age to
Each
A c­
count.

$140
143
146
146
147
152
157
162
162
160
166
168
169
172
171
169
174
179
189
199
189
134
184
186
185
191
195
198
202
208
214
205
213

Popula­
tion of
Mas­
sachu­
setts.

614,408*
737,609
-

-

_
994,514
1,132,369
1,232,065
1,267,329
-

Per­
'P er­
Deposits
centage
centage
to
'E x­
of E x ­ of E x ­
Each
pense of pense
State
pense
Person Taxes paid. Manage­
to
to
of
Total
ment.
Total
Popula­
De­
Assets.
tion.
posits.
$5 58
7 S8
13 73
24 12
35 59
47 29
-

_
-

$228,683
400,080
452,399
364,591
311,848

$10,968 Ì
12,066
14,413
17,504
18,329
17,204
17,952
19,248
20,777
22,688
27,017
29,307
34,490
36,405
37,361
41,681
43,707
49,380 \
59,071
63,471
77,757
89,309
102,027
105,339
107,951
112,264
120,886
135,783
140,713 i
184,739
203,348
219,257

_

•LA

.26

.28
.27
-L‘
.29
.33
.32

-*
-

[Pub. Doc

22
27
28
30
30
. 30
31
30
31
31
33
38
39
41
43
45
45
53
60
73
80
81
86
86
86
89
93
93
95
97
102
102

Amount
of
Deposits.

Increase
in
Amount
of
Deposits
over
Previous
Year.

REPORT OF THE

1834,
1835,
1836,
1837,
1838,
1839,
1840,
1841,
1842,
1843,
1844,
1845,
1846,
1847,
1848,
1849,
1850,
1851,
1852,
1853,
1854,
1855,
1856,
1857,
1858,
1859,
1860,
1861,
1862,
1863,
1864,
1865,
1866,

No. of
Banks.

Increase
in
Number
Number Percent­
of
of
A c­
age of
Deposit
In ­
counts
Ac­
over
crease.
counts.
Previous
Year.

1867,
1868,
1869,
1870,
1871,
1872,
1873,
1874,
1875,
1876,
1877,
1878,
1879,
1880,
1881,
1882,
1883,
1884,
1885,
1886,
1887,
1888,
1889,
1890,
1891,
1892,
1S93,
1894,
1895,
1896,
1897,
1898,
1899,
1900,
1901,
1902,
1903,
1904,
1905,
1906,

.

.

.

.

.
.

.
.

.
.

.

.

.

.
.

.
.

.

.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

108
115
130
139
160
172
175
179
180
180
179
168
166
164
165
166
168
168
171
172
173
176
177
179
180
184
185
185
187
187
187
185
186
186
186
186
187
188
189
189

348,593
383,094
431,769
488,797
561,201
630,246
666,229
702,099
720,639
739,289
739,757
674,251
675,555
706,395
738,951
772,518
806,010
826,008
848,787
906,039
944,778
983,202
1,029,694
1,083,817
1,131,203
1,189,936
1,214.493
1,247,090
1,302,479
1,340,668
1,384,329
1,406,722
1,477,447
1,535,009
1,593.640
1,660,814
1,723,015
1,766,614
1,829,487
1,908,378

31,740
34,501
48,675
57,028
72,404
69,045
35,983
35,870
18,540
18,650
468
65,506f
1,304
30,840
32,556
33,567
33,492
19,998
22,779
57,252
38,739
38,424
46,492
54,123
47,386
58,733
24,557
32,597
55,389
38,189
43,661
22,393
70,725
57,562
58,631
67,174
62,201
43,599
62,873
78,891

* In 1830.

10.02
9.90
12.71
13.21
14.81
12.30
5.71
5.38
2.64
2.59
.06
8.86
.19
4.56
4.61
4.54
4.34
2.48
2.76
6.75
4.28
4.07
4.73
5.27
4.37
5.19
2.06
2.68
4.44
2.93
3.26
1.62
5.03
3.90
3.82
4.22
3.75
2.53
3.56
4.31

80,431,583
94,838,336
112,119,016
135,745,097
163,704,077
1S4,797,313
202,195,343
217,452,120
237,848,963
243,340,642
244,596,614
209,860,631
206,378,709
218,047,922
230,444,479
241,311,362
252,607,593
262,720,146
274,998,412
291,197,900
302,948,624
315,185,070
332,723,688
353,592,937
369,526,385
393,019,862
399,995,569
416,778,017
439,269,861
453,220,257
473,919,094
488,642,923
518,202,048
540,403,686
560,705,752
586,937,084
608,415,409
631,313,800
662,808,312
694,081,141

12,699,319
14,406,752
17,280,680
23,626,080
27,958,980
21,093,236
17,398,029
15.256,777
20,396,842
5,491,679
1,255,971
34,735,983f
3,481,921j
11,669,212
12,396,556
10,866,883
11,296,230
10,112,553
12,278,265
16,199,4S8
11,750,723
12,236,446
17,538,618
20,869,248
15,933,448
23,493,476
6,975,707
16,782,447
22,491.843
13,950,396
20,698,837
14,723,829
29,559,124
22,201,637
20,302,066
26,231,331
21,478,325
22,898,390
31,494,512
31,272,828

18.75
17.91
18.22
21.07
20.60
12.89
9.41
7.55
9.38
2.31
.52
14.20
1.66
5.65
5.69
4.72
4.68
4.00
4.67
5.89
4.04
4.04
5.57
6.27
4.51
6.36
1.77
4.19
5.40
3.18
4.57
3.11
6.05
4.28
3.76
4.68
3.66
3.76
4.99
4.72

230
247
259
277
291
293
303
309
330
329
330
311
305
308
311
312
313
318
323
321
320
320
323
326
326
330
329
334
337
338
342
347
350
352
an
353
353
357
362
363

-

-

-

-

1,457,352
-

1,651,652
1,783,086
1,941,465
2,238,943
2,500,183
-

2,805,346
-

3,003,6S0
“

93 14
-

144 00
122 29
141 64
157 92
175 69
-

192 63
-

220 67
"

361,S89
570,065
771,998
927,254
1,097,332
1,329,709
1,454,719
1,550,500
1,707,088
1,802,127
1,814,623
1,646.155
1,500,851
1,513,138
1,602,238
935,274
1,090,286
789,686
815,930
861,373
898,634
924,555
957,335
1,013,060
1,053,606
1,094,905
1,143,200
1,138,128
1,191,589
1,240,469
1,249,531
1,275,640
1,330,163
1,410,115
1,472,349
1,535,960
1,604,300
1,658,765
1,751,481
1,854,131

f Decrease.

254,225
297,527
339,271
375,734
429,080
469,681
547,518
644,682
661,503
657,858
671,728
606,550
590,820
581,274
617,672
619,829
650,247
658.690
674,561
698,087
747,295
783,158
827,619
850,978
882,787
936,829
1,010,639
1,028,838
1,080.611
1,134,581
1,162,136
1,202,708
1,233,166
1.283,289
1,333,523
1,374,564
1,447,237
1,546,904
1,583,889
1,648,061

i

31
.30
.27
.26
.25
.26
.29
.277
.27
.275
.289
.286
.271
.268
.257
.257
.257
.245
.239
.247
.248
.249
.241
.239
.238
.252
.246
.246
.250
.245
.246
.238
.237
.238
.234
.238
.245
.239
.237

.

■-

c
GC

l_l

-

.264
.269
.280
.277
.257
.259
.247
.247
.240
.235
.229
.235
.236
.236
.228
.226
.225
.238
.233
.232
.235
.231
.231
.224
.223
.224
.220
.222
.229
.224
.222

w

Savings Banks placed in the Hands o f Receivers fr o m 1 8 3 4 to Oct. 3 1 , 1 9 0 6 , which have not resumed Business.
Percent­
Due
Date
Depositors age paid
of Suspen­ at Date of
De­
sion.
Suspension. positors.

Location.

Taunton Institution for Savings,
Gloucester Savings Bank, .
People’s Five Cents Savings Bank, .
Lancaster Savings Bank, .
Mechanics’ Savings Bank, .
North Bridgewater Savings Bank, .
W est Boston Savings Bank,
Bockport Savings Bank,
Mercantile Institution for Savings, .
Dorchester Savings Bank, .
Sandwich Savings Bank,
Barnstable Savings Bank, .
Hyannis Sa vings “Bank,
Emigrant Savings Bank,
Beading Savings Bank,
Scituate Savings Bank,
Stockbridge Savings Bank,
Brookfield Savings Bank, .
Millis Savings Bank...............................
Framingham Savings Bank,

Taunton, .
Gloucester,
Boston,
Lancaster,
Boston,
Brockton, .
Boston,
Bockport, .
Boston,
Boston,
Sandwich,.
Barnstable,
Hyannis, .
Boston,
Beading, .
Scituate, .
Stockbridge,
Brookfield,
Millis,
S. Framingham,

1843,
1844,
1859,
1875,
1877,
1877,
1878,
1878,
1878,
1878,
1878,
1878,
1878,
1878,
1879,
1880,
1891,
1895,
1896,
1898,

Hampshire Savings Bank, .

Northampton, .

1898, .

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

$200,000*
50,000*
150,000*
973,390
428,934
551,360
1,822,015
182,415
3,278,390
398,161
108,145
1,287,614
524,617
1,982,604
155,345
127,261
303,158
73,905
7,534
829,197
1,547,778

82.25
86
80
60.13
72.20
94.46
85
84.7
. 83.55
92.65
81
82
77.6
99.50
50.50
85
80
74.50
96
78
79.1

Loss.

$35,500*
7,000*
30,000*
388,090
119,243
30,545
273,302
27,909
539,295
29,264
20,548
231,770
117,514
9,913
76,895
19,089
60,631
18,845
301
182,423
323,485
$2,541,562

$14,981,823

Cause of Suspension.

Unknown.
Unknown.
Unknown.
Unknown.
Excessive loans and expenses.
Dishonesty of treasurer and neglect of officers.
Excessive loans and dividends.
Losses on real estate loans.
Excessive real estate loans on inflated values.
Excessive real estate loans on inflated values.
Excessive real estate loans on inflated values.
Losses on real estate and other loans and bank stocks.
Losses on real estate and bank stocks.
General shrinkage in value of assets.
Forgery and embezzlement by treasurer and son.
Excessive real estate loans on inflated values.
Excessive loans; embezzlement by treasurer.
Embezzlement of treasurer.
Bad loans and small patronage.
Shrinkage of values; loans on unimproved real estate;
defaulting bookkeeper.
Defalcation of treasurer, who was also cashier of nat’ l b’k.

KEPGRT OF THE

NAM E OF INSTITUTION.

Savings Banks voluntarily closed.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Blackstone,
Edgartown,
Jamaica P la in ,.
Ashburnham, .
Needham, .
Groveland,
W . Stockbridge,
W . Boylston, .

1858,
1874,
1877,
1879,
1879,
1885,
1896,
1900,

.
.
.
.
.
.
.
.

$14,000*
1,700*
22,000*
18,340
23,354
48,000*
114,596
38,480

100
100
100
100
100
100
106
105

$216,770
Approximate.

-

[Pub. Doc.

Blackstone Savings Bank, .
Dukes County Savings Bank, .
Jamaica Plain Savings Bank, .
Ashburnham Savings Bank,
Needham Savings Bank,
Groveland Savings Bank, .
Miners’ Savings Bank,
Security Savings Bank,

No. 8.]

BANK COMMISSIONER.

xxxiii

Total Loans of Savings Banks on Oct. 3 1 , 1 9 0 6 at Each Specified Rale o f Interest,

Rate.

Amount.

0
per cent.
1.50
2
“
2.50
“
2.75
3
3.10
3.125
3.15
3.20
3.25
3.30
“
3.33
3.375
3.40
3.44
3.50
“
3.55
3.562
3.60
3.625
3.75
3.76
3.80
“
3.85
3.875
3.90
“

$23,602
2,062
4,769,434
5,642,336
22,629
2,764,635
75,500
135,550
165,000
18,350
4,211,390
68,140
3,000
1,514,281
35,720
56,100
25,606,577
16,000
114,400
57,000
1,035,502
9,578,615
90,590
142,440
38,000
844,042
78,700

95
32
25
76
06
88
00
00
00
00
00
00
00
00
00
00
08
00
00
00
60
44
44
00
00
32
00

Rate.

Amount.

4
per cent.
4.125 “
4.187 “
4.20
“
4.22
4.23
4.234 “
4.25
4.26
4.27
4.30
“
4.333 “
4.35
4.375 “
4.40
4.45
«
4.47
4.475 “
4.48
4.49
4.50
4.53
4.55
“
4.57
4.60
4.625 “

$38,235,976
344,200
400,000
16,000
22,000
4,840
75,000
12,349,471
20,000
10,000
95,000
105,000
269,671
560,865
398,000
182,500
30,000
5,000
40,000
130,000
62,408,652
10,000
15,000
25,000
200,678
607,000

24
00
00
00
00
20
00
50
00
00
00
00
97
11
00
00
00
00
00
00
76
00
00
00
51
00

Rate.

Amount.

4.65 per cent.
4.75
4.80
“
4.84
4.875 “
4.90
“
4.94
5
“
5.125 “
5.25
5.375 “
5.50
5.625 “
5.75
5.875 “
6
6.22
“
6.25
6.50
“
6.75
7
7.30
“
7.50
“
8
“

$33,000
31,580,007
15,000
5,000
2,286,000
10,000
2,900
210,481,403
278,100
9,624,133
50,000
29,909,351
85,000
3,539,121
160,000
23,219,572
14,547
113,000
310,900
10,000
103,541
15.000
750
300

Total,

00
91
00
00
00
00
00
82
00
79
00
54
00
55
00
01
50
00
00
00
81
00
00
00

$485,516,086 32

Average rate 4.71 per cent.

National Banks placed in the Hands o f Receivers from 1 8 6 5 to Oct. 3 1 , 1 9 0 6 ,
which have not resumed Business.

N am e

a n d L ocation
of B a n k .

Capital
Stock at
Failure.

Total
Assets.

Pacilic National Bank, Boston,
$961,300 $3,912,161
100,000
361,615
Lancaster National Bank, Clinton,
Maverick National Bank, Boston,
400,000 10,218,799
Broadway National Bank, Boston,
200,000
3,333,067
1,000,000
8,437,439
Globe National Bank, Boston,
South Danvers National Bank,
150,000
596,226
Peabody,
..................................
Pynchon National Bank, Spring200,000
1,811,369
field.....................................................
400,000
303,931
Hancock National Bank, Boston,
500,000
3,884,353
Central National Bank, Boston, .
Packard National Bank, Green100,000
438,855
field,
.
.
.
.
.
.
200,000
483,516
American National Bank. Boston,
1,192,440
300,000
First National Bank, Chelsea,

Receiver
appointed.

May
Jan.
Nov.
Dec.
Dec.

22,
20,
2,
16,
21,

1882
1886
1891
1899
1899

Finally
closed.

June
Sept.
Mar.
Feb.
Feb.

30,
14,
31,
15,
25,

1893
1891
1898
1900
1903

Dividends.
Per Cent.

65.30
100.
90.166
100.
100.

Sept. 19, 1900

Not yet closed

77.

June 24,1901
Apr. 4, 1902
Nov. 13, 1902

Not yet closed
Oct. 20, 1904
Not yet closed

98.
100.
100.

1, 1904
Oct.
1, 1903 July
Nov. 27, 1905 Not yet closed
Aug. 17, 1906 Not yet closed

100.
50.
50.

Trust Companies placed in the Hands o f Receivers from 1 8 7 1 to Oct. 3 1 , 1 9 0 6 ,
which have not resumed Business.

Na m e

a n d L o cation
of Co m p a n y .

Suffolk Trust Company, Boston,
Taunton Safe Deposit and Trust
Company, Taunton, .
Union Trust Company, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Finally
closed.

Dividends
paid
to Date.
Per Cent.

Not yet closed

30.

Feb. 29, 1904 Not yet closed
Apr. 4, 1904 Apr. 26,1906

75.
100.

Capital
Stock at
Failure.

Total
Assets.

$100,000

$316,014 58

Sept.

200,000
100,000

464,110 54
1,339,017 81

Receiver
appointed.

3, 1891

xxxiv

REPORT OF TH E

[Pub. Doc.

Summary

of

R eports

of

Companies outside o f Boston.
April 6, 1906.
25
Companies.

Re so u r c e s .
Assets.
United States bonds,
Massachusetts bonds,
Other stocks and bonds, .
Loans on real estate,
Demand loans with collateral,
Other demand loans,
Time loans with collateral,
Other time loans,
Overdrafts,
.
.
.
.
Syndicate participations,.
Banking house,
Real estate by foreclosure,
Safe deposit vaults, .
Furniture and fixtures, .
Expense account,
Taxes paid....................................
Interest paid..................................
Premium account,
Other assets,
.
.
.
.
Due from reserve banks,.
Due from other banks,
Currency and specie,
Checks on other banks, .
Other cash items,

$550
1,387,817
5,205,701
2,162,853
4,650,199
1,360,659
6,851,226
19,687,805
17,388

•:

00
00
11
95
53
54
44
94
93

Sept. 4, 1906.
26
Companies.

Oct. 31, 1906.
26
Companies.

—

Nov. 12, 1906.
26
Companies.

332,000 00
42,899 41
221,882 52
60,890 45
57.469 94
5,989 78
43,946 92
3,000 00
6,995 03
3,289,530 96
381,359 03
1,898,165 45
268,795 06
98.469 60

$550 00
1,396,112 50
5,332,868 38
2,507,437 87
4,054,661 61
1,703,101 61
6,484,671 82
20,352,738 88
16,116 75
115,000 00
376,091 03
54,209 47
223,801 50
85,992 61
140,070 94
1,644 29
82,447 96
5,122 37
25,857 92
3,504,467 32
310,099 07
1,752,115 13
264,962 68
69,860 88

$550 00
1,400,112 50
5,354,057 17
2,471,839 38
4,125,006 39
1,553,501 59
6,707,919 73
20,652,925 38
11,262 93
158,870 23
377,210 46
54,279 20
224,255 36
89,666 71
85,702 68
31,840 91
78,273 18
5,290 77
7,956 69
5,146,417 26
425,007 16
2,237,917 13
366,767 26
82,911 75

$550 00
1,426,123 91
5,303,348 44
2,481,389 38
4,200,005 20
1,534,740 89
6,794,943 06
20,926,720 33
12,860 74
175,000 92
378,380 46
50,479 20
228,655 36
85,322 71
94,681 16
24,589 84
88,314 84
5,290 77
9,272 18
3,849,660 86
352,538 53
1,986,408 22
298,493 49
39,543 50

$48,035,596 62

$48,860,002 59

$51,649,541 82

$50,347,313 99

Companies in Boston. —
April 6,1906.
Re so u r c e s .

ao

Companies.
Assets.
United States bonds, .
Massachusetts bonds,
Other stocks and bonds, .
Loans on real estate,.
Demand Joans with collateral,
Other demand loans, .
Time loans with collateral,
Other time loans,
O verdrafts,..................................
Syndicate participations, .
Banking house, .
.
.
.
Real estate by foreclosure,
Safe deposit vaults, .
Furniture and fixtures,
Expense account,
Taxes p a id ,..................................
Interest paid,
.
.
.
.
Premium account,
Other assets...................................
Due from reserve banks, .
Due from other banks,
Currency and specie,
Checks on other banks,
Other cash items,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$54,281
6,360,227
25,866,304
4,307,132
28,473,133
4,025,491
39,848,219
36,763,698
145,638

94
50
70
84
90
43
80
17
77

3,870,535
153,068
89,900
20,000
386,308
31,414
134,134
15,062
90,374
16,303,227
3,721,084
6,898,574
750,482
69,890

35
62
00
00
34
65
73
60
25
99
85
36
73
37

Sept. 4, 1906.
20
Companies.
$54,281 94
5,543,212 50
27,829,477 70
4,151,682 07
30,797,770 21
3,710,815 35
34,534,482 22
40,329,174 96
90,842 74
3,705,612 20
4,026,396 76
141,424 69
89,900 00
18,000 00
368,948 24
2,296 78
121,484 46
14,445 60
’ 178,201 17
16,242,514 54
5,426,578 11
6,773,165 13
757,940 30
125,268 34

Oct. 31, 1906.
20
Companies.

Nov. 12, 1906.
20
Companies.

$54,281
5,204,082
27,211,835
4,153,050
30,754,263
3,446,331
36,049,631
38,842,351
49,956
2,824,637
4,280,157
132,127
94,420

94
50
93
55
74
68
73
12
41
02
66
87
20

$54,281
5,204,082
27,289,826
4,133,391
28,125,022
3,774,381
36,678,775
37,656,468
92,944
2,762,578
4,284,157
132,318
94,420

94
50
93
06
64
46
74
99
75
02
66
68
20

288,963
74,414
29,663
14,445
100,781
20,011,595
4,313,846
7,569,665
883,633
167,512

69
82
63
60
34
20
58
14
39
45

312,022
97,072
32,281
14,078
63,422
16,345,959
3,050,146
6,757,625
880,951
70,026

29
00
77
60
48
10
81
98
76
42

$178,378,187 89 $185,033,916 01 $186,551,650 19

$177,906,237 78

BANK COMMISSIONER.

No. 8.]

XXXV

T rust C ompanies, 1906.
Banking Departments.
L ia b il it ie s .
Liabilities.
Capital s t o c k , ....................................
Surplus f u n d , ....................................
Earnings undivided,
Profit and loss.......................................
Guarantee account...............................
I n t e r e s t ,.............................................
D is c o u n t,.............................................
C o m m issio n s,....................................
Deposits (payable on demand or
within ten d ay s): —
Subject to check,
For payment of coupons, etc., .
Certificates of deposit,
Certified checks,
Treasurer’s checks, .
Interest deposits subject to
withdrawal onlv on presentation of pass book, .
Deposits (tim e): —
Certificates of deposit,
Open accounts, etc., .
Interest deposits subject to
withdrawal only on presentation of pass book, .
Due to reserve banks,
Sinking funds, corporations, .
Dividends unpaid, .
.
.
.
Bills payable..........................................
Other liabilities.....................................
Rents, vaults and boxes, .
Reserve for taxes.................................
Due to banks..........................................

April 6, 1906.
25
Companies.
$5,225,000
2,492,500
255,918
787,497

00
00
70
65

_

86,776 64
97,197 12
1,562 56
32,819,962
31,220
1,289,611
87,093
60,318

98
35
54
14
33

Sept. 4, 1906.
36
Companies.
$5,325,000 00
2,580,500 00
420,570 87
664,283 83
9,018 71
174,986 23
213,395 10
10,396 22
30,590,033
101,861
1,289,153
51,372
59,855

19
80
51
30
62

Oct. 31, 1906.
36
Companies.

Nov. 1| 1906.
Companies.

$5,325,000
2,640,000
361,363
854,585
10,607
114,323
191,124
3,169

00
00
42
93
24
12
50
55

$5,325,000
2,640,000
424,775
792,168
10,518
146,604
226,560
3,878

00
00
14
73
71
35
91
58

33,464,279
71,853
1,200,178
64,807
39,319

70
30
34
39
75

32,122,328
54,982
1,213,541
94,362
31,604

23
80
88
99
80

2,379,797 82

2,287,670 98

2,287,249 58

426,973 35
1,149,050 64

325,001 03
1,162,476 04

317,980 78
1,152,765 71

2,942,213
202,854
1,903
2,029
148,079
24,423
1,752
40,400
50,097

12
34
20
00
69
14
95
00
96

2,909,173 40
347,325 79
1,909 54
2,307 50
104,656 52
31,179 51
2,270 04
134,959 23

2,894,546
388,034
586
1,824
104,966
14,273
1,557
1,600
95,603

$48,035,596 62

$48,860,002 59

$51,649,541 82

April 6, 1906.
30
Companies.

Sept. 4, ,906.
20 i
Companies.

Oct. 31, 1906.
20
Companies.

$12,501,000
17,468,000
557,318
2,605,697
1,365,410
532,023
198,063

00
00
60
19
05
56
34

$11,601,000
19,468,000
577,806
2,264,023
475,790
1,223,972
115,384

00
00
16
76
31
59
05

$11,102,000
19,079,394
669,967
2,294,840
712,655
458,208
57,450

00
31
42
79
30
89
17

$11,102,000
18,829,394
696,782
2,226,868
808,076
626,845
70,881

00
31
47
82
99
74
48

130,515,299
878.356
3,642,180
1,128,225
733,645

90
55
58
74
78

136,329,691
1,076,177
3,192,447
781,891
719,821

73
46
92
53
97

138,555,042
2,284,222
3,093,480
755,082
522,225

60
19
03
63
68

130,761,228
1,252,481
2,660,695
1,186,609
671,286

77
54
83
74
28

711,566
1,832,540
113.356
181,865
1,813,205
11,846

85
87
90
75
93
00

670,135
4,105,422
169,291
269,295
1,731,511
2,855

86
80
08
24
25
50

342,319
4,041,315
480,606
176,186
1,807,783
17,014

64
73
84
28
99
50

23,945
40,677
1,044,177
19
479,764

00
70
72
36
52

347,612
3,818,489
542,367
188,487
1,770,965
2,985
250,000
30,891

74
32
90
28
47
00
00
lb

-

535,515 39
3,521,612 76
-

264,297
100,455
15,302
74,684
182,462
1,313
19,250
86,043

39
83
00
71
49
93
00
11

10
00
11
50
01
26
00
00
82

$50,347,313 99

Banking Departments.
L i a b il it ie s .
Liabilities.
Capital s t o c k , ..................................
Surplus fund..........................................
Earnings undivided, . .
.
.
Profit and l o s s , ..................................
I n t e r e s t , ..........................................
Discount..................................................
C o m m i s s i o n s ,..................................
Deposits (payable on demand or
within ten d ays): —
Subject to check, .
.
.
.
For payment of coupons, etc., .
Certificates of deposit,
Certified checks.............................
Treasurer’s checks,
Deposits (tim e): —
Certificates of deposit,
Open accounts, etc........................
Due to reserve banks,
Sinking funds, railroads, .
Sinking funds, corporations, .
Dividends unpaid................................
Bills p a y a b l e , ..................................
Rents, vaults and boxes, .
Reserve for taxes,
.
.
.
.
Due to banks,
.
Other liabilities.....................................
Special t r u s t s , ..................................
Reserved for dividends, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

13,561 06
113,300 00

28,159 93

132,535 74

13,693 27

Nov. 12, 1906.
20
Companies.

61,286 92

60,000 00

$178,378,187 89 $185,033,916 01 $186,551,650 19

$177,906,237 78

REPORT OF THE

XXXVI

[Pub. Doc.

Summary

of

R eports

of

Companies outside o f Boston. —

R e so u r c e s .

Assets.
United States bonds, .
State bonds,..........................................
City, county and town bonds, .
Railroad bonds.............................
Street railway bonds,
Miscellaneous bonds,
Bank s t o c k s , ..................................
Railroad stocks, . .
.
.
Manufacturing stocks,
Miscellaneous stocks,
Uoans on real estate, .
.
. .
Loans with collaterals or sureties,
Notes of individuals............................
Notes of corporations,
Real estate owned................................
Other a s s e t s , ..................................
Deposits in savings banks,
Cash on hand and in banks,

April 6, 1906.
9
Companies.

Sept. 4, 1906.
9
Companies.

Oct. 81,1906.
9
Companies.

$500
1,000
7,000
85,160
7,000
137,435
45,189
1,240,632

00
00
00
00
00
00
75
49

630,995
1,396,726
6S,647
422
62,950
151,634
300
138,852
248,747

50
20
00
00
00
38
00
66
47

$500
1,000
17,000
92,585
20,980
149,535
35,968
1,297,591
28,460
600,492
1,472,403
57,000
14,044
52,750
138,988
900
144,775
161,831

$500
1,000
17,000
85,480
19,980
192,815
34,968
1,299,992
88,480
535,472
1,497,118
76,500
17,972
52,750
117,988
900
144,998
171,343

$4,223,192 45

00
00
00
86
00
56
50
26
00
50
69
00
00
00
03
00
57
85

$4,286,806 82

00
00
00
86
00
56
50
51
00
50
69
00
00
00
03
00
58
06

$4,355,260 29

Nov. 12, 1906.
9
Companies.

$500
1,000
17,000
85,480
19,980
192,815
34,968
1,299,992
88,480
523,124
1,396,870
76,500
17,972
52,750
117,988
900
144,878
151,570

00
00
00
86
00
56
50
51
00
50
08
00
00
00
03
00
58
92

$4,222,771 54

Companies in Boston.—

»

R e so u r c e s .

Assets.
United Statesbonds, .
State b o n d s , .....................................
City, county and town bonds, .
Railroad bonds,
.
.
.
.
Street railway bonds,
Miscellaneous bonds,
Bank s t o c k s , ....................................
Railroad stocks,
.
.
.
.
Manufacturing stocks,
Miscellaneous stocks,
Loans on real estate, .
.
.
.
Loans with collaterals or sureties, .
Notes of individuals,
Real estate owned, .
.
.
.
Real estate acquired by foreclosure,
Other assets............................................
Trust fund agreements, .
A n n u ities,.............................................
Deposits in savings banks,
Cash on hand and in banks, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

April 6, 1906.
11
Companies.

Sept. 4,1906.
12

12

Companies.

Companies.

$82,562
18,290
100,796
830,361

$82,562
18,290
97,407
849,442
54,167
248,519
403,216
6.109,388
992,020
3,367,603
8,791,894
347,000

25
00
94
72
50
54
20
01
41
65
75
00

$82,562
18,390
101,407
840,820
130,754
207,067
1,147,416
6,262,836
1,027,556
3,491,616
8,813,268
390,350

25
00
94
65
79
63
20
64
35
14
66
00

$82,562 25
18,390 00
100,407 94
766,786 20
130,754 79
203,067 63
1,144,837 15
6,248^963 54
1,027,556 35
3,279,390 43
8,823,781 16
390|950 00

2,554,701
124,274
60,905
340,831
20,800
87,912
322,337

37
25
00
26
00
02
87

2,668,606
86,373
4,043
340,831
20,800
79,538
225,909

80
37
35
26
00
69
67

2,664,693
86,328
49)43
340,831
20.800
79,538
223,939

25
00
10
80

-

196,852
412,115
5,548,325
907,372
3,086,321
8,310,045
680,900
19,162
2,630,092

98
70
01
49
85
70
00
32
26

-

19,034
340,831
20,800
88,586
478,764

75
26
00
78
70

$23,751,215 95

_

$24,873,274 74

Oct. 31, 1906.

$25,940,150 39

Nov. 12, 1906.
11
Companies.

15
22
35
26
00
69
85

$25,637,621 96

No. 8.]

BANK COMMISSIONER.

XXXVll

T rust C ompanies , 190 6 — Concluded.
Trust Departments.

L ia b il it ie s .

Liabilities.
On trust accounts,
.
.
.
.
Incom e,...................................................
A s executors, administrators, etc.,
Other liabilities,..................................

April 6, 1906.
9
Companies.

Sept. 4, 1906.
9
Companies.

Oct. 31, 1906.
9
Companies.

Nov. 12,1906.
9
Companies.

$3,910,494 95
36,406 41
276,291 09

$3,885,071 25
27,705 63
374,029 94

$3,957,121 59
23,049 39
375,089 31

$3,956,501
24,618
241,351
300

$4,223,192 45

$4,286,806 82

$4,355,260 29

$4,222,771 54

59
83
12
00

Trust Departments.

L ia b il it ie s .

Liabilities.
On trust accounts..................................
Income.....................................................
A s executors, administrators, etc., .
Dividends................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

April 6, 1906.
11
Companies.

Sept. 4, 1906.
13
Companies.

Oct. 31, 1906.
13
Companies.

$22,275,940
238,559
1,161,360
75,355

$23,533,723
228,538
1,020,814
90,196

$24,680,535
231,375
940,191
88,047

11
60
29
95

$23,751,215 95

95
91
89
99

$24,873,274 74

64
58
61
56

$25,940,150 39

Nov. 12, 1906.
11
Companies.

$24,372,818
234,920
941,835
88,047

47
50
43
56

$25,637,621 96


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ABSTRACT OF ANNUAL REPORTS
OF THE

Sa v in g s

Ban k s
for

and

In s t it u t io n s

Sa v in g s ,
S H O W IN G T H E IE

,

CONDITION AT THE CLOSE OF BUSINESS


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

O c t o b e r 81, 1906.

2

REPORT OF THE

[Pub. Doc

ABINGTON SAVINGS BANK — ABINGTON.
J o seph L . G r e e n w o o d , President.
G e o r g e A . B e a l , Treasurer.
G eo r g e A . B e a l , Clerk of the Corporation.

Investment Committee:

J o seph L . G r e e n w o o d , W il l ia m V a n c e , J o h n W .
W m . J. C o u g h l a n , C a l v in L . B a k e r .

Sproul,

Incorporated March 17, 1853. Open for business every business day except Saturdays,
9 a . m . to 12 m ., 1 to 4 p .m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first Tuesday of January, April, July and Oc­
tober. Dividends are payable the first T uesday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds,
Loans on public funds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building, .
.
.
.
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
R eal estate income account,
Cash on hand, .
.
.
.

8130,8 0 0
6 7,700
433,1 5 0
5 0.000
9 ,5 5 0
196,300
1,409
1,178,722
4 57,259
1,752
34.0 0 0
4 94
1,000
3 7,980
716
4 ,5 3 4

00
00
00
00
00
00
00
92
00
65
00
97
00
05
73
98

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

82,6 0 5 ,3 7 0 30

E ach : —

in

818,055 87
19,924 18

L o a n s o n P u b l ic F u n d s , A m o u n t o n E ach : 825.000 City of Springfield, Mass., 3-Js, .
825.000 City of Hartford, Conn., 3-§-s,
L o an s
75
5
10
10

3 5 ,756 38
14,088 07

»

8 2 ,6 0 5 ,3 7 0 30

C a sh o n D e p o sit in B a n k s , A m o u n t
Abington National Bank, Abington,
First National Bank, Boston,

82,4 3 4 ,9 7 5 85
120,550 00

825,0 0 0 00
2 5,000 00

on B a n k S t o c k s , A m o u n t o n E a c h : —
shares Traders National Bank, Lowell,
shares National Granite Bank, Quincy,
shares First National Bank, Rockland,
shares First National Bank, Rockland,

8 7,500
375
875
800

Par Value.

S c h e d u le of Se c u r it ie s O w n e d .

Estimated
Market Value.

00
00
00
00

Book Value.

Public Funds.
City of Boston, Mass., 3-|s,
.
.
Chicago, 111., 4s, .
Dayton, O., 4s, .
Fall River, Mass., 3 ^ s ,.
Milwaukee, W is., 3^s, .
.
New Britain, Conn., 4s,
Springfield, O ., 4-Js,
.
.
Taunton, Mass., 3£s, .
Tow n of Abington, Mass., 4s, .
Meriden, Conn., 3^s, .
.
Middleborough, Mass., 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

.

.

.

.

815,000
25.000
4 .000
20.000
10,000
10,000
5.000
10,000
12,000
10,000
10,000
8131,000

814,550
2 5.000
3,960
19,650
9 ,850
10.000
5,112
9 ,600
12,150
9 ,7 0 0
10,250

00
00
00
00
00
00
50
00
00
00
00

81 2 9 ,8 2 2 50

815,000
2 5.000
4 .000
20.000
10,000
10,000
5.000
10,000
12,000
9 ,800
10,000

00
00
00
00
00
00
00
00
00
00
00

8 1 3 0,800 00

BANK COMMISSIONER

No. 8.]

Ò

Abington Savings Bank — Continued.
Par Value.

S c h e d u l e o f Se c u r i t i e s O w n e d .

Estimated
Market Value.

Book Value.

Bank Stocks.
82
26
60
100
100
38
45
50
50
47
23
40
32
2

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Abington National Bank, A b in g to n ,.
First National Bank, Adam s, .
First National Bank, Boston, .
Merchants National Bank, Boston, .
Metropolitan National Bank, Boston,
M t. Vernon National Bank, Boston, .
N ’l Bank of the Republic, Boston,
Second National Bank, Boston,
South E nd National Bank, Boston, .
State National Bank, Boston, .
W ebster & A tlas N ’l Bank, Boston, .
Brockton National Bank, B rock ton ,.
Old Colony N a t’l Bank, Plym outh,
First National Bank, Rockland,

$ 8,200
2,600
6,000
10,000
10,000
3,800
4 ,500
5,000
5,000
4,700
2,300
4 ,000
3,200
200
$69,500

$ 8,200
2,990
17,700
21,000
11,900
1,900
7,425
11,150
4,650
7,003
3,404
5,000
3 ,680
220

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$106,222 00

$ 8,200
2 ,600
6 ,000
10,000
10,000
2,000
4 ,5 0 0
5 ,000
5 ,000
4 ,700
2,300
4 ,000
3 ,200
200

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$67,7 0 0 00

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3-Js,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Bover Valley R .R . 3^s, .
.
.
.
.
Chicago, Burlington & Quincy R .R . 3^-s, .
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
.
.
.
Fitchburg R .R . 3^-s,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Grafton & U pton R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3-J-s,
.
.
.
.
Maine Central R .R . 4-Js,
.
.
.
.
New Y ork Central & H udson R iver R .R . 3£s,
N ew Y ork , New H aven & Hartford R .R . 3^s,
N ew Y ork, New H aven & Hartford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
Penobscot Shore Line R .R . 4s,
Portland & R um ford Falls R .R . 4s,
U pper Coos R .R . 4-J-s,
.
.
.
.
.

$46,000
15,000
39,000
10,000
20,000
4,000
3 0,000
20,000
1,000
10,000
3 0,000
3 0,000
10,000
4 0,000
30,000
3 7,000
15,000
2 5,000
20,000
5,000

.

$437,000

$46,000
14,400
40.110
9 ,550
18,500
4 ,020
30,450
19,100
1,015
7,500
24,000
27,600
10,300
37,600
27,600
37,260
15,600
25,375
20,300
5,375

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$421,655 00

$46,000
15,000
39 ,0 0 0
10,000
2 0 ,000
4 ,0 0 0
3 0 ,000
19,950
1,000
10,000
2 7,000
30 ,0 0 0
10,000
40 ,0 0 0
29,200
37,0 0 0
15,000
2 5,000
20,000
5,000

00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00

$433,150 00

* A legal investm ent when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$18,0 5 5
19,924
6 2,300
180,000

Rate.

87
18
00
00

2
2ij
4
4r|-

per
per
per
per

cent.
cent.
cent.
cent.

Rate.

Amount.

$193,250
9 2 ,500
2 5 ,000
885,763

00
00
00
99

R e a l E s t a t e for B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
R e a l E st a t e b y F o r e c l o su r e
Am ount invested,
.
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

or

.
.

Amount.

4% per cent.
4 f per cent.
4f- per cent.
5 per cent.

.

.

.

.
.

.
.

O t h e r w is e : —
.
.
.
.
.
.

.
.

.
.
.

$30,0 0 0
49 ,6 5 0
3 49,776
2 5 ,000

Rate.

00
00
93
00

5i
5-|
6
6J

per
per
per
per

cent.
cent.
cent.
cent.

$34,000
34,000
39,600
381

00
00
00
90

1,752 65
2,300 00

REPORT OF THE

4

[Pub. Doc.

Abington Savings Bank — Concluded.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,

2,935
$ 2 9 4,076 02
’ 2,973
2 70,918 74

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

496
330
4,903

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3,0 0 0 each,
Am ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

d u r in g

Y

619
801,9 4 0 92
625

ear,

114,637 89

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$2 ,5 8 0 99
A m ount paid during year,
$2 ,5 0 0 00
.0 0 0 9 9
Percentage to total assets,
. 00095

T o ta l E x p e n s e s

fo r

Y

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
October, 1906, 2 per cent., .
D ate

of

Total.
$5 ,0 8 0 99
.0 0 1 9 4
$ 45,439 74
4 6,730 69

92 ,1 7 0 43

E x a m in a t io n , A u g u s t 14.

AMHERST SAVINGS BANK — AMHERST.
E . F . C o o k , President.
E . D . B a n g s , Treasurer.
G eo r g e C u t l e r , Clerk of the Corporation.

Investment Committee:

E . F . C o o k , A . R . Cu s h m a n , W
Palm er.

il l ia m

E.

B r id g m a n , D . W .

Incorporated April 5, 1864. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first Thursday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.
Liabilities.

Assets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on public funds,
. •
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Deposits in banks, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$127,375
136,616
3 42,250
50,000
110,000
50,000
1,926
58,700
600
1,824,294
801,515
31,524
15,000
59,264
5,000
11,587

00
83
00
00
00
00
00
00
00
25
66
72
00
81
00
79

$ 3 ,6 25,655 06

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .

$3,3 7 5 ,7 5 5 99
168,996 26
16,422 27
6 4 ,480 54

$3,6 2 5 ,6 5 5 06

BANK COMMISSIONER

No. 8.]

5

Amherst Savings Bank — Continued.
C a s h o n D e p o sit in B a n k s , A m o u n t in E ach : —
First National Bank, Am herst,
.
.
.
.
.
.
Franklin County National Bank, Greenfield, .
.
.
.
Hampshire County National Bank, N ortham pton, .
.
.
Pynchon National Bank, Springfield (in liquidation),
.
L o a n s o n P u b l ic F u n d s , A m o u n t on E a c h : —
$25,0 0 0 City of Hartford, Conn., 3^s,
.
.
$25,0 0 0 City of Springfield, Mass., 3Js, .
.
L o a n s o n B a n k St o c k s , A m o u n t on E a c h : —
10 shares First National Bank, Am herst,
.
14 shares W are National Bank, W are, .
.
5 shares First National Bank, Am herst,
.

S c h e d u l e o f S e c u r it ie s O w n e d .

.
.

.
.

.

.

.
.

.

.
.

Par Value.

.
.
.

'
* .

.
.

.
.
.

.

$48,962
10,000
5 ,000
302

01
00
00
80

$ 2 5 ,0 0 0 00
25 ,0 0 0 00
.
.

.

Estimated
Market Value.

$876 00
550 00
500 00

Book Value.

Public Funds
City of Beverly, Mass., 4s,
Chicago, 111., 3£s,
Chicago, 111., 4s,
Dubuque, la ., 5s,
Youngstow n, O., 5s,
Town of Marblehead, Mass., 4s,

$ 10,000
2 5 ,000
49 ,0 0 0
25,000
10,000
8 ,500
$127,500

$10,300
25,000
50,230
25,375
10,500
8 ,670

00
00
00
00
00
00

$130,075 00

$10,000
24,875
4 9,000
25,000
10,000
8,500

00
00
00
00
00
00

$127,375 00

Bank Stocks.
100
34
80
4
4
23
28
47
56
100
100
30
15
78
78
67
60
117
38
70
115
70
28
8
20
6

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

First National Bank, Amherst,
First National Bank, Barre,
N a t’l Bank of the Republic, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Conway National Bank, Conway,
City National Bank, Danbury, Conn.,
First National Bank, Eastham pton, .
Franklin County N ’l B ’k, Greenfield,
City National Bank, Holyoke,
H olyoke National Bank, Holyoke,
N ’l B ’k of Com’erce, New London, Ct.,
Berkshire N ’l Bank, North Adam s, .
First National Bank, Northam pton, .
Hampshire Co. N ’l B ’k, Northam pton,
Northam pton N ’l B ’k, Northam pton,
First N a t’l Bank, Norwich, Conn.,
Tham es N a t’l Bank, Norwich, Conn.,
Palmer National Bank, Palmer,
Agaw am National Bank, Springfield,
Chapin National Bank, Springfield, .
First National Bank, Springfield,
Crocker N a t’l Bank, Turners Falls, .
W are National Bank, W are,
City National Bank, W orcester,
Mechanics N a t’l Bank, W orcester,

$10,000
3,400
8 ,000
400
400
2,300
2,800
4 ,700
5 ,600
10,000
10,000
3,000
-

7,800
7,800
6 ,700
6,000
11,700
3,800
1,050
11,500
700
2,800
800
—

600
$121,850

$17,500
3,400
13,200
892
596
2,300
4,200
4,700
5,880
11,700
17,500
4,950
52
10,140
8,190
13,400
6,000
20,475
3,800
350
13,800
1,750
3,920
880
200
660

00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00

$170,435 50

$14,910
3 ,400
10,095
760
400
2,293
2,800
4 ,700
5,600
10,000
10,800
3,000

00
00
50
00
00
33
00
00
00
00
00
00

9,380
7,800
6,954
6,000
16,101
3,800

00
00
00
00
00
00

13,623 00
2,800 00
800 00
600 00
$136,616 83

Railroad Bonds.
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3Js,
Boston & Maine R .R . 4s,
Boston & Maine R .R . 4^-s,
.
Chicago, Burlington & Quincy R .R . 3|-s,
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
Fitchburg R .R . 5s,
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$28,000
20,000
3 5,000
10,000
35,000
25,000
4 2,000
15,000

$28,180
19,400
36,050
11,300
32,550
25,750
4 3,120
15,300

00
00
00
00
00
00
00
00

$28,000
19,325
34,800
10,000
35,000
25,000
4 2,000
15,000

00
00
00
00
00
00
00
00

REPORT OF THE

6

Amherst Savings Bank

[Pub. Doc

Concluded.
Estimated
Market Value.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Railroad Bonds — Concluded.
Illinois Central R .R . 3s, .
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
N ew Y ork, New H aven & H artford R .R . 3£s, .
N ew Y ork, New H aven & H artford R .R . 4s,

$25,000
11,000
25,000
7 5,000

$20,250
11,000
23,125
77,250

00
00
00
00

Book Value.

$22,125
11,000
2 5,000
75 ,0 0 0

00
00
00
00

$346,000

$343,275 00

$ 3 4 2,250 00

$25,000
2 5,000

$25,750 00
2 5 ,500 00

$25,0 0 0 00
25 ,0 0 0 00

$50,0 0 0

$ 51,250 00

$50,0 0 0 00

$ 1 1 0,000

$114,400 00

$1 1 0 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
Springfield Street R ailw ay Co. 4s,

Boston Term inal C om pany Bonds.
Boston Terminal Com pany 3|s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 4 3 ,9 6 2 01
2 8 ,0 0 0 00
4 5 ,7 0 0 00

Rate.

Amount.

Rate.

3 p e r cen t.
3 f p e r cen t.
4 p e r ce n t.

$ 2 5 6 ,7 0 0 00
8 6 ,0 0 0 00
2 ,1 4 9 ,4 1 6 25

4-J- p e r cen t.
4 f p e r cen t.
5 p e r ce n t.

R e a l E st a t e fo r B a n k in g P u r p o se s
Am ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.
R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

:—
.
.
.
.

Amount.

$ 5 0 ,0 0 0 00
8 4 ,7 6 7 00
5 1 ,7 5 5 46

.
.
.
.

O t h e r w is e : —
.
.
.
.
.
.

.
.
6

.

.

.

.
.

.

.
.
.

.
.
.

.
.
.

.

.

.
.
.

.
.

Y

d u r in g

Y ear,

.

of

E x a m in a t io n , Ju n e 26


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

344,7 3 4 96

.
.
.

709
520
7,021
964
.

.

9 33,573 96
751

.

164,901 47

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
D ate

.

.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $ 6 ,883 37
$575 4 8
Percentage to total assets, .
.0 0 1 8 9
.0 0 0 1 6
fo r

4 ,910
.
4 ,6 3 5

.

3 6 6 ,1 1 4 09

.
,

3 1 ,5 2 4 72
3 5 ,3 0 0 0 0

S t a t ist ic s o f L o a n s : — N um ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

00
00
00
03

or

D e p o sit A cco u n t s : — •
Num ber opened during year,
N um ber closed during year,
Total number Oct. 31, 1 9 0

G ross I n c o m e

5 ij- p e r ce n t.
5 i p e r ce n t.
6 p e r ce n t.

$15,0 0 0
15,000
9 ,0 5 0
759

D ep o sit s a n d W i t h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same, '
.
.
.

T otal E x p e n s e s

Rate.

and

.

.
.

27.

.
.

.

Total.
$7,4 5 8 85
.0 0 2 0 5
$63,9 4 2 66
65 ,5 8 0 03

129,522 69

No. 8.]

7

BANK COMMISSIONER

ANDOVER SAVINGS B A N K — ANDOVER.
J o h n H . F l in t , President.
F r e d e r ic S. B o u t w e l l , Treasurer.
F r e d e r ic S. B o u t w e l l , Clerk of the Corporation.

Investment Committee:

J o h n H . F l in t , L e w i s T . H a r d y , J o seph A . S m a r t .

Incorporated April 2, 1834. Open for business every business day except W ednesdays,
9 a . m . to 12 m ., 2 to 4 p .m .; W ednesdays, 9 a . m . to 12 m .; the third W ed nesd ay of
March, June, September and December, 9 a . m . to 12 m ., 2 to 4 p . m .
Deposits commence to draw interest the third W ednesday of March, June, September
and December. Dividends are payable the third W ednesd ay of June and December.
B a l a n c e Sh e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$479,558
173,693
1 ,160,788
4 0 .0 0 0
20 .0 0 0
2 ,0 8 5
1,910
1,700
1 ,673,954
598,508
16,520
2 ,2 7 7
17,586
5 ,196
5,241

00
00
75
00
00
00
00
00
38
35
67
56
69
59
43

$3,8 9 0 ,5 5 4 17
185,000 00

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,

54,249 70
67,379 64
1,836 91

$ 4 ,1 9 9 ,0 2 0 42

$ 4 ,1 9 9 ,0 2 0 42

C ash o n D e p o s it in B a n k s , A m o u n t in E ach : —
Andover National Bank, Andover,
New England National Bank, Boston, .
Old Boston National Bank, Boston,
Federal Trust Company, Boston, .

$8,196
8 ,236
6,335
15

L o an s o n B a n k S t o c k s , A m o u n t o n E a c h : —
1 share Andover National Bank, Andover, .
20 shares Merchants National Bank, Boston, .
L o a n o n R a il r o a d St o c k s : —
28 shares Boston & Maine R .R .,

59
01
47
21

$85 00

2,000 00
$ 1 ,910 00

.

Par Value.

S c h e d u l e o f S e c u b it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
United States 3s, .
Massachusetts 34s,
.
.
.
County of Aroostook, Me., 44s,
Rockingham , N . H ., 4s, .
City of Boston, Mass., 4s,
.
.
Brockton, Mass., 4s,
Chicago, 111., 4s,
.
.
Fall River, Mass., 3 4 s,.
Gloucester, Mass., 4s, .
.
Lynn, Mass., 4s,
.
.
New London, Conn., 34s,
Sioux City, la ., 44s,
.
.
T ow n of Andover, Mass., 34s,
Andover, Mass., 4s, .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

.

.

.
.

.
.

.

.

.

.

$200
3 5 ,0 0 0
10,000
10,000
2 5,000
48 ,0 0 0
75,500
10,000
9 ,000
50,000
3 0,000
15,000
2 6 ,000
42 ,0 0 0

$203
3 5,175
10,325
10,025
2 5,562
48,9 9 0
7 6,438
9 ,8 0 0
9 ,0 0 0
5 0,937
2 8,800
15,525
2 5,480
42 ,4 5 5

00
00
00
00
50
00
75
00
00
50
00
00
00
00

$200
35,0 0 0
10,000
10,000
25,0 0 0
48,0 0 0
75,500
10,000
9 ,0 0 0
5 0,000
30 ,0 0 0
15,000
26 ,0 0 0
4 2 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00

REPORT OF THE

8

[Pub. Doc

Andover Savings Bank — Continued.
S c h e d u l e o f S e c u r it ie s O w n e d .

P ublic Funds — Concluded.
Tow n of Arlington, Mass., 4s,
Marblehead, Mass., 4s,
Methuen, Mass., 4s, .
Peabody, Mass., 4s, .
W inchester, Mass., 3-jS,
Kennebec, Me. (W a ter District), 3^s,

Par Value.

8 10,000
2 5,000
9 ,000
10,000
2 0,000
20 ,0 0 0
$479,7 0 0

Estimated
Market Value.

$10,100
2 5 ,500
9 ,180
10,200
19,200
19,000

00
00
00
00
00
00

$481,896 75

Book Value.

$ 10,000
25,000
9 ,0 0 0
10,000
20,000
19,858

00
00
00
00
00
00

$479,558 00

B ank Stocks.
141
32
10
63
70
50
120
225
21
6
187
89
58
129
110
50
118
25
172
3
100
25

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Andover National Bank, Andover,
B oylston National Bank, Boston,
Faneuil H all N a t’l Bank, Boston,
First National Bank, Boston, .
Freemans National Bank, Boston,
Merchants National Bank, Boston,
M etropolitan N a t’l Bank, Boston,
N a t’l Bank of the Republic, Boston,
National Exchange Bank, Boston,
National Security Bank, Boston,
National Shawm ut Bank, Boston,
National Union Bank, Boston,
N ew England N a t’l Bank, Boston,
Old Boston National Bank, Boston,
Second National Bank, Boston,
South E nd National Bank, Boston,
State National Bank, Boston, .
Tremont N ational Bank, Boston,
W ebster & Atlas N ’l Bank, Boston,
First National Bank, Danvers,
B a y State N a t’l Bank, Lawrence,
Union National Bank, W eym o u th ,

$ 14,100
3 ,200
1,000
6,300
7,000
5,000
12,000
22,500
2,100
600
18,700
8 ,900
5,800
12,900
11,000
5,000
11,800
875
17,200
-

7,500
250
$173,725

$15,510
3,200
1,450
18,585
8 ,050
10,500
14,280
37,125
3 ,360
1,800
51,051
16,020
8 ,120
14,190
24,530
4 ,650
17,582
25
25,456
15
11,500
125

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$287,124 00

$14,100
3,200
1,000
6,300
7,000
5,000
12,000
2 2,500
2,100
600
18,700
8,900
5 ,800
12,900
11,000
5,000
11,800
843
17,200

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

7,500 00
250 00
$173,693 00

Railroad Bonds.
Boston & Lowell R .R . 3^s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Boston & New Y ork Air Line R .R . 4s,
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago and Northwestern R .R . 3^s,
Cleveland & Pittsburgh R .R . 3-Js,
Concord & Montreal R .R . 4s, .
.
.
.
Conn. & Passumpsic Rivers R .R . 4s,
D anbury & Norwalk R .R . 5s, .
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3s, .
.
Illinois Central R .R . 3-j-s,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4^s,
.
.
.
.
Maine Central & European and N orth Am erican
R .R . 4s,
.
.
.
.
.
.
.
Manchester & Lawrence R .R . 4s,
New port & Richford R .R . 5s, .
N ew Y o rk Central & Hudson R iver R .R . 34s,
N ew Y ork, New H aven & H artford R .R . 34s, .
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 10,000
25 ,0 0 0
110,000
30 ,0 0 0
15,000
2 5 ,000
15,000
6 0 ,000
100,000
2 0 ,000
2 5 ,000
8 0 ,000
5 0,000
85 ,0 0 0
10,000
3 5,000
10,000
2 5,000

$9,625
25,425
112,875
3 3,600
15,300
23,125
14,025
5 7,000
101,500
2 0,600
27,625
8 0,725
50,500
6 6,300
9 ,200
3 5,550
10,000
2 5,625

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$10,000
25,000
110,000
3 0,000
15,000
23,871
15,000
60,000
99,987
20,000
2 5 ,000
8 0,000
50,000
76,680
10,000
3 5 ,000
10,000
2 5 ,000

00
00
00
00
00
25
00
00
50
00
00
00
00
00
00
00
00
00

5 ,000
2 5,000
13,000
50,000
2 5 ,000
50 ,0 0 0
148,000

5,075
2 5,125
13,260
4 7,000
2 3,000
51,000
153,120

00
00
00
00
00
00
00

5 ,000
2 5 ,000
13,000
4 9,875
2 5 ,000
5 0 ,000
148,000

00
00
00*
00
00
00
00

A legal investm ent when made.

No. 8.]

BANK COMMISSIONER

9

>

Andover Savings Bank — Concluded.
Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Railroad Bonds —- Concluded.
Peoria and Northwestern R .R . 3-j-s, .
Princeton & N orthw estern,R .R . 3^s,
Providence & W orcester R .R . 4s,
St. Johnsbury & Lake Champlain R .R . 5s,
W orcester, Nashua & Rochester R .R . 4s, .

$15,000
10,000
2 5.000
2 5.000
5 0.000
$1,1 7 1 ,0 0 0

Estimated
Market Value.

$ 14,100
9 ,4 0 0
2 5,750
30 ,0 0 0
51 ,2 5 0

00
00
00
00
00

Book Value.

$14,681
9,693
2 5.000
2 5.000
5 0.000

25
75
00
00
00

$ 1 ,1 6 6 ,6 8 0 00 $1,1 6 0 ,7 8 8 75

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,

$40,000

$40,9 0 0 00

$40,0 0 0 00

$20,0 0 0

$20,8 0 0 00

$20,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3 )-s,

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$ 6,335
15
8 ,236
1,700

Rate.

47
21
01
00

2
2J
3
4

per
per
per
per

Amount.

cent.
cent.
cent.
cent.

$73,910
100,000
1,776,619
25,000

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.

Rate.

4% per cent.
4 f per cent.
5 per cent.
5tf per cent.

00
90
13
00

G ross I n c o m e

r e c e iv e d

d u r in g

.
.
6

Y

,

.
.
.

.

.

per
per
per
per

cent.
cent.
cent.
cent.

5,554
530,630 73

.

.
.
.

.

425,8 4 0 42
.
.

.

.

.

876
473
7,873
569
918,7 4 0 07
703

ear,

181,694 11

for

D iv id e n d s D e c l a r e d d u r in g Y e a r : —
December, 1905, 2 per cent.,
.
.
June, 1906, 2 per cent.,
.
.
.
of

5\
5J
6
7

4 ,112

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $4 ,8 1 4 00
$ 2 ,374 00
Percentage to total assets, .
.0 0 1 1 4
.0 0 0 5 7

D ate

00
00
00
60

$ 16,520 67
2 0 ,550 00

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
.
.
A m ount of same,
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

$125,701
10,000
168,070
157

Rate.

O t h e r w is e : —
.
.
.
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 1 9 0

Amount.

E x a m in a t io n , Ju l y 2


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

and

3.

.
.

.
.

Total.
$ 7,188 00
.00171
$70,6 0 4 96
73,216 83

143,821 79

REPORT OF THE

10

[Pub. Doc

ARLINGTON F IV E CENTS SAVINGS BANK — AR LING TON .
W

il l ia m

G. P e c k , President.
H e n r y B l a s d a l e , Treasurer.
H e n r y B l a s d a l e , Clerk of the Corporation.

Investment Committee:

W

il l ia m

G. P e c k , G eo r g e H il l , E d w a r d S. F e s s e n d e n .

Incorporated April 2, 1860. Open for business every business day, 3 to 5.3 0
W ednesdays and Saturdays, 7 to 9 p .m .

p . m .;

also

Deposits commence to draw interest the first Saturday of January, April, July and Oc­
tober. Dividends are payable the first Saturday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 6 7 9,200
12,000
2 2 0 ,0 0 0
62 ,0 0 0
8 ,8 0 0
8 ,298
110
1,115,913
15,000
3 ,900
100
2 ,579
56 ,5 8 7
4 ,5 4 4

00
00
00
00
00
64
00
75
00
00
00
47
07
56

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
R ent account,
Due on mortgage
loans,
Surplus,
Prem ium account,

$1,952,651 56
9 8 ,439 29
6 3,022 01
14,846 69
1,468 74
3 1,650 00
19,500 00
7 ,455 20

$2,1 8 9 ,0 3 3 49

$ 2 ,1 8 9 ,0 3 3 49

C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
First National Bank, Arlington,
Atlantic National Bank, Boston, .
Faneuil H all National Bank, Boston,

$ 16,366 95
3 1,125 45
9 ,0 9 4 67

L o a n s o n B a n k St o c k s , A m o u n t o n E ac h : —
50 shares Atlantic National Bank, Boston,
30 shares Atlantic National Bank, Boston,
10 shares Atlantic National Bank, Boston,

$5 ,0 0 0 00
3 ,0 0 0 00
800 00

Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
City of Augusta, Me., 4s,
.
.
Belfast, Me., 4s, .
Beverly, Mass., 4s,
.
.
Boston, Mass., 4s,
.
.
Brockton, Mass, 4s,
.
.
Burlington, V t., 4s,
Chelsea, Mass., 4s,
.
.
Cleveland, O., 5s,
.
.
D ayton, O., 5s, .
.
.
Dover, N . H ., 4s,
.
.
Fall River, Mass., 4-J-s,.
.
Gloucester, Mass., 4s, .
.
Grand Rapids, Mich., 4s,
Indianapolis, Ind., 4s,
Kansas Citv, M o., 4-J-s,
Lewiston, Me., 5s,
.
.
Lynn, Mass., 4s,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.

.

.

.

.

.

.
.
.

.
.
.
.

.

.

.
.

.

$15,000
15,000
10,000
40,000
12,000
20 ,0 0 0
1,000
3,000
25,000
15,000
10,000
22,500
8,000
15,000
15,000
1,000
15,000

A legal investm ent when m ade.

$15,3 0 0
15,300
10,375
4 1 ,8 0 0
12,220
2 0,600
1,030
3 ,000
26,087
15,150
10,300
22,809
8 ,0 0 0
15,525
15,750
1,105
15,600

00
00
00
00
00
00
00
00
50
00
00
38
00
00
00
00
00

$15,0 0 0
15,000
10,000
40 ,0 0 0
12,000
2 0,000
1,000
3 ,000
25,0 0 0
15,000
10,000
2 2,500
8 ,0 0 0
15,000
15,000
1,000
15,000

00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00

11

BANK COMMISSIONER

No. 8.]

Arlington Five Cents Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Public F un ds — Concluded.
City of Medford, Mass., 4s,
Melrose, Mass., 4s,
.
.
New London, Conn., 4s,
Norwalk, Conn., 4s,
.
.
Rochester, N . JH., 4s, .
.
Somersworth, N . H ., 4s,
Saginaw, M ich., 4s,
South Norwalk, Conn., 4s, .
Springfield, O ., 4s,
.
.
Springfield, 0 ., 4£s,
.
.
Terre Haute, Ind., 4^-s,
W allingford, Conn., 4s,
W aterbury, Conn., 4s,
W oburn, Mass., 3-^-s,
.
.
W oonsocket, R . I., 4s,
.
Y oungstow n, O., 4^-s, .
.
Youngstow n, 0 . , 5s,
.
.
Tow n of Arlington, Mass., 3£s,
Arlington, Mass., 4s,
Attleborough, Mass., 4s,
Chatham, Mass., 4^-s,
Concord, Mass., 4s, .
Cranston, R . I., 4s, .
.
Gardner, Mass., 4s, .
.
H ull, Mass., 5s,
.
.
Leicester, Mass., 4s, .
Lexington, Mass., 4s,
Methuen, Mass., 4s, .
.
Revere, Mass., 3^s, .
.
Rockport, Mass., 4s, .
.
W estfield, Mass., 4s, .
W inchester, Mass., 4s,

.

.

.
.

.
.

.
.

.
.

.
.
.

.
.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.

$10,000
10,000
16,000
2 0,000
6 ,000
10,000
11,000
10,000
14,000
2 2 ,000
4 ,000
12,000
5,000
2 ,000
25,000
9 ,500
5,500
5 2,000
42 ,7 0 0
10,000
8,000
2 5,000
2,000
15,000
18,000
3 ,000
9 ,0 0 0
15,000
12,000
13,000
16,000
4 ,000
$679,200

Estimated
Market Value.

$10,200
10,250
16,480
2 0,000
6,180
10,200
11,055
10,400
14,387
23,110
4 ,000
12,360
5,125
1,987
2 5,250
9,755
5,607
4 9,920
4 3,610
10,212
8 ,000
2 6,000
2,060
15,462
19,170
3 ,000
9,315
15,386
11,760
13,272
16,280
4 ,0 8 0

00
00
00
00
00
00
00
00
50
00
00
00
00
50
00
00
50
00
50
50
00
00
00
50
00
00
00
25
00
50
00
00

$693,828 63

Book Value.

$ 10,000
10,000
16,000
20 ,0 0 0
6 ,000
10,000
11,000
10,000
14,000
2 2,000
4 ,0 0 0
12,000
5 ,0 0 0
2 ,000
25 ,0 0 0
9 ,5 0 0
5 ,500
52 ,0 0 0
42 ,7 0 0
10,000
8 ,0 0 0
25 ,0 0 0
2 ,0 0 0
15,000
18,000
3 ,000
9 ,0 0 0
15,000
12,000
13,000
16,000
4 ,0 0 0

00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00 *
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00

$ 6 7 9,200 00

B ank Stocks.
10
50
50
33
12
12

shares
shares
shares
shares
shares
shares

First National Bank, Arlington,
Atlantic National Bank, Boston,
Faneuil H all National Bank, Boston, .
N a t’l Bank of the Republic, Boston, .
National Union Bank, Boston, .
D edham National Bank, Dedham ,

$1,000
5,000
5,000
3 ,300
1,200
1,200

$1,250
7,250
7,250
5,445
2,160
1,320

00
00
00
00
00
00

$16,700

$ 24,675 00

$25,000
15,000
5 ,000
3 5,000
10,000
10,000
20 ,0 0 0
25 ,0 0 0
30 ,0 0 0
10,000
15,000
2 0 ,000

$ 25,750
15,375
5 ,050
3 5,525
10,130
11,600
2 0,600
2 5,125
3 1,200
10,100
16,650
2 4,000

$722
3,613
3,613
2 ,3 8 4
867
799

63
14
14
67
15
27

$12,0 0 0 00

Railroad Bonds.
Boston,Clinton,Fitchburg &New Bedford R .R .Ss,
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 4s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Maine Central R .R . 7s,
Newport & Richford R .R . 5s, .
N ew York, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
.
Penobscot Shore Line R .R . 4s,
.
.
.
Portsmouth, Great Falls & Conway R .R . 4-^-s,
St. Johnsbury & Lake Champlain R .R . 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$220,0 0 0

* Legal investments when made.

00
00
00
00
00
00
00
00
00
00
00
00

$231,105 00

$25,000
15,000
5 ,0 0 0
35 ,0 0 0
10,000
10,000
20 ,0 0 0
25 ,0 0 0
30 ,0 0 0
10,000
15,000
20 ,0 0 0

00
00
00
00
00
00
00 *
00
00
00
00
00

$ 2 2 0,000 00

REPORT OF THE

12

[Pub. Doc

Arlington Five Cents Savings Bank — Concluded.
Schedule

of

Securities Owned.

Par Value.

Estimated
Market Value.

$ 25,000
2 7.000
10.000

$ 2 7 ,2 5 0 00
27 ,2 9 0 00
10,350 00

$25,0 0 0 00*
27 .0 0 0 00
1 0.000 00

$62,000

$ 6 4 ,8 9 0 00

$ 6 2 ,0 0 0 00

Book Value.

Street Railway Bonds.
L yn n & Boston Railroad Co. 5s,
W e s t E nd Street R ailw ay Co. 4s,
W e s t E nd Street R ailw ay Co. 4-jS,

.

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
4 per cent.
4J per cent.

$858,291 19
5 2,700 00
63 ,5 5 0 00

5 per cent.
5 f per cent.
5^ per cent.

$127,9 3 2 56
1,400 00
9 00 00

6 per cent.
6^ per cent.
7 per cent.

Amount.

$ 56,587 07
8 ,298 64
3 5,050 00

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.
.
.

.
.
.
.

O t h e r w is e : •
—•
.
.
.
.
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.

.
.

.

.
.
.

.

.

.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

ear,

.

.

.

.
.

of

E x a m in a t io n , M ar ch 13.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

290,421 20

.
.

.

.

520
313
6,032
187
2 57,977 98
290
99,091 30

.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent., .
.
.
July, 1906, I f per cent.,
.
.
.
D ate

’ 3,431
•

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $ 4 ,3 0 0 00
$1,731 21
Percentage to total assets, .
. 0 0196
.0 0 0 7 9
fo r

.
.

S t a t is t ic s o f L o a n s : —Num ber not exceeding $3 ,0 0 0 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

5 ,855
268,9 5 3 07

.

.
.
.

.
.

.

00
00
00
90

3 ,900 00
5 ,000 00

.
.

.

.

$100
25 ,0 0 0
24 ,2 2 6
830

.
.
.
.

.
.

.
.

Total.
$6,031 21
.0 0 2 7 5
$ 32,166 11
32,291 48

6 4,457 59

BANK COMMISSIONER

No. 8.]

13

ASS ABET INSTITUTION FOR SA VIN G S— MAYNARD.
Cl a r e n c e J. B o d f ish , President.
H ow ard A . W

Investm ent Committee:

A lf r e d T . H a y n e s , Treasurer.
il s o n ,

Clerk of the Corporation.

C l a r e n c e J. B o d f ish , A b e l G. H a y n e s , S. R a y m o n d K it c h e n ,
C la r e n c e H . P e r s o n s , J o h n W . O g d e n .

Incorporated March 31, 1904. Open for business every business day, 10
also Fridays, 7 to 8 p . m .; Saturdays, 3 to 4 p . m .

a .m .

to 1

p . m .;

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

$100
1,472
300
2 8,743
9 ,6 2 5
175
45
611
1,031

Public funds,
.
.
.
.
Railroad b o n d s,.
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

00
75 '
00
00
00

$41,487 90
141 94

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

293 36
180 09

32
00
12
10
$42,103 29

$ 42,103 29

C ash o n D e p o sit in B a n k s , A m o u n t
Hudson National Bank, Hudson, .
Old Colony Trust Co., Boston,
.

E ach : —
.
.
.
.
.
.

in

S c h e d u l e o f S e c u r it ie s O w n e d .

.

.
.

.
.

.

Par Value.

Estimated
Market Value.

t

$598 11
13 01

Book Value.

Public Funds.
U nited States 4s,

.

.

.

.

.

.

$100

$103 00

$100 00

.

.

$500
1,000

$500 00
940 00

$508 75
964 00

$ 1,500

$1,4 4 0 00

$ 1,472 75

Railroad Bonds.
Maine Central R .R . 4s, .
.
.
Peoria & Northwestern R .R . 3j-s,

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$611 12
3 00 00

Rate.

2
4

p e r cen t.
p er cen t.

Amount.

$ 24 ,22 8 00
6 ,0 0 0 00

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
Num ber of withdrawals during year,
Am ount of same,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

5 p er cen t.
5-J p e r cen t.

Rate.

Amount.

$ 8 ,1 4 0 00

6

p e r ce n t.

1,193
$36,171 28
385
24,291 34

14

REPORT OF THE

[Pub. Doc,

Assabet Institution for Savings — Concluded.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

429
158
507

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

Y

d u r in g

Y

o f

$38,3 6 8 00
28
1,639 65

ear

D iv id e n d s d e c l a r e d d u r in g Y
January, 1906, I f per cent.,
July, 1906, I f per cent.,
D ate

.

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
.
$150 00
$121 96
Percentage to total assets, .
. 0 0356
.0 0 2 8 7
fo r

45
.

ear

Total.
$271 96
.0 0 6 4 3

:—
$418 96
529 58

948 54

E x a m in a t io n , M a y 24.

ATHOL SAVINGS BANK — ATHOL.
L e v i B. J a y , President.
W il l ia m G. A v e r y , Treasurer.
W il l ia m G. A v e r y , Clerk of the Cor fora tion .

Investment Committee:

H e n r y R . S t o w e l l , L e v i B . F a y , G e o r g e D . B a t e s , L u c ie n
L o rd , S o l o n W . L e e .

Incorporated Feb. 12, 1867.

Open for business every business day, 9

a

.m .

to 3

p .m

.

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loan on bank stocks .
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Expense account,
.
.
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$1 2 5 ,0 0 0
20 ,0 0 0
4 7 3 ,6 0 0
25 .0 0 0
50 .0 0 0
500
18,750
1,325,772
931,4 7 4
2,346
10,500
154,815
2 ,206

00
00
00
00
00
00
00
75
38
46
00
31
39

$3,1 3 9 ,9 6 5 29

Ca s h o n D e p o sit in B a n k s , A m o u n t in E ach : —
A thol National Bank, Athol,
Miller’ s River National Bank, Athol,
First National Bank, Boston,
Franklin County National Bank, Greenfield, .
Crocker National Bank, Turners Falls, .
L o a n o n B a n k S to ck s : —
7 shares Miller’s R iver National Bank, Athol,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,

$2,8 5 9 ,9 4 8 50
134,094 52
9 6 ,734 74
49,149 80
37 73

$3,1 3 9 ,9 6 5 29

$5 ,0 0 0 00
61,346 73
68,468 58

10,000 00
10,000 00
$ 500 0 0

No. 8.]

BANK COMMISSIONER

15

Athol Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 4s,
Chicago, 111., 4s,
Dayton, O ., 4s, .
Dubuque, la ., 4s,
Fitchburg, Mass., 3 Vs,
Indianapolis, Ind., 4s,
Newton, Mass., 4s,
Tow n of Athol, Mass., 4s,

$ 5,0 00
3 5 ,0 0 0
2 5,0 00
10,000
5 ,0 0 0
10,000
10,000
2 5 ,0 0 0
$ 1 2 5 ,0 0 0

$5,0 43
3 5,1 50
2 5,5 62
1 0,100
4 ,9 1 2
1 0,300
10,275
25,0 18

75
00
50
00
50
00
00
75

$ 1 2 6 ,3 6 2 50

$ 5 ,0 00
3 5,0 00
2 5,0 00
1 0,000
5 ,0 0 0
10,000
1 0,000
2 5 ,0 00

00
00
00
00
00
00
00
00

$ 1 2 5 ,0 0 0 00

Bank Stocks.
41
10
22
77
50

shares Miller’s R iver National Bank, Athol, .
shares Eliot National Bank, Boston,
shares National Bank of Commerce, B o sto n ,.
shares National Shawmut Bank, Boston,
shares Springfield Safe Deposit & Trust Co.,
Springfield,
.
.
.
.
.
.

$ 4,1 00
1,000
2,2 0 0
7,7 0 0

$ 6,9 70
2,0 0 0
3 ,5 2 0
21,021

00
00
00
00

$ 4,1 00
1,000
2 ,2 0 0
7 ,7 0 0

00
00
00
00

5 ,0 0 0

10,000 00

5 ,0 0 0 00

$ 20 ,00 0

$43,511 00

$ 2 0 ,0 0 0 00

$ 10 ,00 0
2 5,0 00
5 0 ,0 00
15,000
2 5 ,0 00
2 5,0 00
6 0 ,0 0 0
20,0 00
10,000
6 5,0 00
2 5,0 00
2 5,0 00
20,0 00
50,0 00
5 0,0 00

$ 10 ,30 0
2 5,5 00
5 1,5 00
14,250
28,3 75
2 3,7 50
6 0,793
2 0 ,6 00
10,750
59,7 25
2 5 ,5 00
2 9 ,0 00
2 4 ,5 00
4 6 ,0 0 0
51,0 62

Railroad Bonds.
Boston and Maine R .R . 4s,
Boston and Providence R .R . 4s,
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3^s,
Cleveland & Pittsburgh R .R . 4-§s,
Erie & Pittsburgh R .R . 3 Vs,
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 4Vs,
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3Vs,
Illinois Central R .R . 4s, .
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew Y ork, Lackawanna & W estern R .R . 6s,
New Y ork, New H aven & Hartford R .R . 3 Vs,
New Y ork, New H aven & H artford R .R . 4s,

00
00
00
00
00
00
75
00
00
00
00
00
00
00
50

' $ 10 ,00 0
2 5,0 00
5 0,0 00
15,000
25,0 00
2 5,0 00
6 0 ,0 0 0
2 0 ,0 0 0
10,000
64,1 00
2 5 ,0 0 0
2 5 ,0 00
2 0 ,0 00
4 9 ,5 0 0
50,0 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 4 7 5 ,0 0 0

$ 4 8 1 ,6 0 6 25

$ 2 0 ,0 0 0
5,0 0 0

$21 ,80 0 00
5,2 1 2 50

$ 2 0 ,00 0 0 0 *
5 ,0 0 0 00

$ 25 ,00 0

$ 2 7 ,01 2 50

$ 2 5 ,00 0 00

$ 50 ,00 0

$ 5 2 ,0 0 0 00

$ 5 0 ,00 0 00

$ 4 7 3 ,6 0 0 00

Street Railway Bonds.
L ynn & Boston Railroad Co. 5s,
W e st E nd Street R ailw ay Co. 4Vs,

.

Boston Terminal Company Bonds.
Boston Terminal Com pany 3Vs,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 1 2 9 ,8 1 5
1,250
8 7 ,8 0 0
2 6 ,3 0 0

Rate.

31
00
00
00

2V
3f
4
4J

per
per
per
per


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

cen t.
cen t.
cen t.
cen t.

Amount.

$30 0 ,2 5 3
2 53 ,25 5
3 5 ,0 0 0
1,3 5 1,00 8

Rate.

47
91
00
10

4V
4f
4-f
5

per
per
per
per

cen t.
cen t.
cen t.
cen t.

Amount.

$ 4 7 ,0 0 0 00
8 1 ,5 5 0 00
1 18,079 65

Rate.

5V p e r ce n t.
5V p e r ce n t.
6 p e r ce n t.

16

REPORT OF THE

[Pub. Doc.

Athol Savings Bank — Concluded.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
Total number Oct. 31, 1 9 0

.
.
6

,

.
.
.

.

.

.

.

.
.
.

.
.

.
.
.

.
.

.

.

.

.
.

.

.
.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g ’Y e a r ,

.

.

.

of

2 9 7 ,5 7 4 75

.

.
.

336
.

.

131,391 75

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
.
July, 1906, 2 per cent.,
.
.
.
D ate

392,486 96

269
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $4,1 1 6 74
$2 ,7 1 3 84
Percentage to total assets, .
.0 0 1 3 1
.0 0 0 8 6
for

$516,341 74

1,117
649
7,329

.

S ta t ist ic s of L o an s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T otal * E x p e n s e s

6,291
.
4,286
.

.

.
.

.
.

Total.
$6 ,8 3 0 58
.0 0 2 1 7
$51,1 5 9 84
5 3,272 70

104,432 54

E x a m i n a t i o n , Ju n e 27.

ATTLEBOROUGH SAVINGS BANK — NORTH ATTLE­
BOROUGH.
A l b e r t T o t t e n , President.
E d w a r d E . K in g , Treasurer.
W il l ia m H . P o n d , Clerk of the Corporation.

Investment Committee:

A l b e r t T o t t e n , P red E . S t u r d y , E dg ar L . H i x o n , G eo r g e
W . Ch e e v e r , C h a r l e s E . B l is s , M a r k E . R o w e , A l f r e d R . Cr o s b y .

Incorporated Feb. 2, 1860. Open for business every business day except Saturdays,
9 a . m . to 3 p . m . ; Saturdays, 9 a .m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable Tuesday after second M onday of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Deposits in banks, on interest,
Expense account, bank building, .
Cash on hand, .
.
. . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

$ 27,000
2 82,912
5 0 .000
900
1,196,417
866,8 0 5
29.817
2 7.000

00
00
00
00
90
67
16
00

10.818
284
32,181
358
3,209

75
87
94
53
72

$2,5 2 7 ,7 0 6 54

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$2,3 3 0 ,0 3 9 54
115,000 00
73,421 35
9 ,2 4 5 65

$2,5 2 7 ,7 0 6 54

No. 8.]

BANK COMMISSIONER

17

Attleborough Savings Bank — Continued.
C a sh o n D e p o sit in B a n k s , A m o u n t i n E a c h : —
Eliot National Bank, Boston,
.
.
.
.
Jewelers National Bank, North Attleborough,

S c h e d u l e o f S e c u r it ie s O w n e d .

.
.

.
.

.
.

$ 2 7 ,2 1 8 03
4 ,9 6 3 91

.

Par Value.

Estimated
Market Value.

$ 2,000
25,0 0 0

$ 2,020 00
2 5,750 00

$2 ,0 0 0 00
25,0 0 0 00

$ 27,000

$27,770 00

$27,000 00

$ 25,000
3 0 ,000
5 0,000
25 ,0 0 0
6 0,000
2 5,000
5 0,000
30 ,0 0 0

$23,625
2 8,800
4 6,250
25,312
4 7,400
2 3,000
45 ,7 5 0
3 0 ,900

$25,000
28,987
47,7 5 0
25,000
5 4,300
23,750
4 8 ,125
3 0,000

Book Value.

Public F unds.
City of Brockton, Mass., 4s,
Sioux City, la ., 4Js,

Railroad Bonds.
Boston & A lb an y R .R . 34s,
Boston & Maine R .R . 3^s,
Chicago, Burlington & Quincy R .R . 34s, .
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3£s,
N ew Y ork , New H aven & H artford R .R . 3-jS,
N ew Y ork, New H aven & H artford R .R . 4s,

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00

$ 2 9 5,000

$271,037 00

$282,912 0Q

$50,000

$ 52,000 00

$50,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3£s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 4,963
2 7,218
15.750
54 .7 5 0
36 ,0 0 0

Rate.

91
03
00
00
00

2
2\
3
4
4J

per
per
per
per
per

Amount.

cent.
cent.
cent.
cent.
cent.

$ 12,000
5 ,500
1,022,357
7 5,000
2 49,300

Rate.

00
00
80
00
00

R e a l E st a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

.
.
.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

.
.
.

Y

00
77
00
00

.
.
.

.

.

.

ear,

5f
6
6^
7

per
per
per
per

cent.
cent.
cent.
cent.

$27,0 0 0 00
3 0 ,0 0 0 00
14,740 00
2 9,817 16
29 ,0 0 0 0 0
9 ,208
623,3 3 4 04
4 ,5 0 5
4 7 6 ,2 9 5 41

.
.
.

.
.
.

.
.
.

S t a t ist ic s of L o an s : —
Num ber not exceeding $3,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

$75,0 0 0
418,1 6 5
100,000
3 00

Rate.

O t h e r w is e : —
.
.
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
D e p o s it A cco u n ts : —
N um ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

4J per cent.
4 f per cent.
5 per cent.
per cent.
5% per cent.

Amount.

1,498
850
6,845
396
427,6 9 3 2 3
398
118,169 4 1

REPORT OF THE

18

[Pub. Doc.

Attleborough Savings Bank — Concluded.
T otal E x p e n se s

fo r

Y

ear

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
. $2 ,8 7 6 91
$2 ,3 2 3 00
.
.0 0 1 1 3
.0 0 0 9 2

A m ount paid during year,
Percentage to total assets,

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

of

.
.

.
.

.
.

Total
$ 5 ,199 91
.0 0 2 0 5
$40,899 08
4 3 ,0 2 4 12

$83,923 20

E x a m in a t io n , J u l y 10.

BAREE SAVINGS B A N K -B A R R E .
C h a r l e s H . F o l l a n s b y , President.
M . B . H a n c o c k , Treasurer.
F r a n k A . R ic h , Clerk of the Corporation.

Investment Committee:

Ch a r l e s H . F o l l a n s b y ,
th o lo m ew , G eorge W . Co ok,

G e o r g e N . H a r w o o d , Jo h n C. B a r ­
Ch a r l e s F . A t w o o d .

Incorporated M ay 1, 1869. Open for business every business day except Saturdays,
9 a .m . to 12 m ., 1 to 3 p . m .; Saturdays, 9 a .m . to 12 m .
Deposits commence to draw interest the fifteenth day of January, April, July and O c­
tober. Dividends are payable the fifteenth day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loan on bank stocks, .
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building, .
.
.
.
Expense account,
Furniture and fixtures,
T axes paid on m ortgaged properties,
.
.
.
.
.
Suspense account,
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$81,7 0 0
2 8,456
169,962
21 ,5 0 0
3 0,000
2 ,000
22,000
416,0 7 4
5 ,100
11,113
10,896
727
2,338

00
00
50
00
00
00
00
97
00
17
31
62
95

89
14
2 7,000
3,949
495

04
82
00
18
66

$ 8 3 3,418 22

C a sh o n D e p o s it in B a n k : —
First National Bank, Barre,
L o a n o n B a n k S to cks : —
25 shares W a re N ational Bank, W are,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .

$765,7 9 0 07
38 ,1 0 0 00
24 ,0 0 5 89
5,522 26

$833,418 22

$ 30,949 18
$ 2,000 00

BANK COMMISSIONER

No. 8.]

19

Barre Savings Bank — Continued.
Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
County of W ashington, M e., 4s,
C ity of Canton, 0 ., 3-Js, .
.
.
.
.
Chicago, 111., 4s,
.
.
.
.
Kansas City, M o., 5s, .
.
, .
Springfield, O ., 5s,
.
.
.
W ilkes-B arre, Pa., 3^s,
T ow n of A thol, Mass., 4s,
.
.
.
.
Brunswick and Topsham , M e. (W a ter
District), 4s,
.
.
.
.
North Attleborough, M ass., 4s, .
W e st Springfield, Mass., 4s,

$5,000
5,000
7 ,000
10,000
10,000
10,000
10,000

$5,150
4 ,9 6 2
7,035
10,500
10,900
9 ,600
10,300

00
50
00
00
00
00
00

$ 5 ,0 0 0
5 ,0 0 0
7 ,000
10,000
10,000
10,000
10,000

00 *
00*
00
00
00
00
00

10,000
9 ,700
5,000

10,300 00
9 ,894 00
5,175 00

10,000 00
9 ,7 0 0 00
5 ,000 00

$81,7 0 0

$83,816 50

$81,7 0 0 00

Bank Stocks.
36
20
25
23
30
32
34
50
7
25
20

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

First National Bank, Barre,
Boylston National Bank, Boston,
Eliot National Bank, Boston,
First National Bank, Boston,
Trem ont National Bank, Boston,
National Bank of Commerce, Boston,
Second National Bank, Boston,
National Market Bank, Brighton,
W are National Bank, W are,
City National Bank, W orcester,
First National Bank, W orcester,

$3,600
2,000
2,500
2 ,300
1,050
3 ,200
3,400
5,000
700
-

100

$ 3,600
2 ,000
5,000
6,785
30
5,120
7,582
5,200
770
250
200

00
00
00
00
00
00
00
00
00
00
00

$23,8 5 0

$36,537 00

$20,000
5,000
10,000
3 0,000
10,000
5,000
10,000
10,000
15,000
5 ,000
10,000
15,000
3 0,000

$ 18,500
5,125
10,125
2 3 ,700
10,250
4 ,750
9 ,400
9 ,150
15,350
5,075
11,300
18,000
27,000

$ 3,600
2 ,0 6 0
2 ,950
5 ,4 0 5

00
00
00
00
-

3 ,456
5 ,1 0 0
5 ,150
735

00
00
00
00
-

$ 2 8 ,4 5 6 00

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 3|s, .
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
L im e R ock R .R . 4s,
.
.
.
.
Michigan Central R .R . .34s,
.
.
.
.
New Y ork, New H aven & H artford R .R . 3^-s,
N ew Y ork, New H aven & H artford R .R . 4s,
Portland & Ogdensburg R .R . 5s,
R um ford Falls & Rangeley Lakes R .R . 5s,
St. Johnsbury & Lake Champlain R .R . 5s,
W ashington County R .R . 3Js,

.

$ 1 7 5,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$167,725 00

$19,9 2 5
5 ,0 0 0
10,000
2 7,150
10,000
5 ,0 0 0
9 ,6 5 0
10,000
15,000
5 ,0 0 0
10,000
15,000
28,237

00
00
00
00
00
00
00
00
00
00
00
00
50

$ 1 6 9,962 50

Street Railway Bonds.
Fitchburg & Leominster Street R ailw ay Co. 4^-s,
Fitchburg & Leominster Street R ailw ay Co. 5s, .
Lowell & Suburban Street R ailw ay Co. 5s,
W e s t E nd Street R ailw ay Co. 4s,

$ 5,000
1,500
5 ,000
10,000

$ 5,225
1,612
5,075
10,200

00
50
00
00

$5,0 0 0
1,500
5 ,000
10,000

00
00
00*
00

$21,500

$22,112 50

$21,5 0 0 00

$ 30,000

$31,2 0 0 00

$30,0 0 0 00

Boston Term inal Company Bonds.
Boston Terminal Company .3Is,


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Federal Reserve Bank of St. Louis

* Legal investm ents when m ade.

REPORT OF THE

20

[Pub. Doc

Barre Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.

$27,0 0 0 00
22 ,0 0 0 00
5 ,000 00

Amount.

Rate.

Amount.

2 per cent.
3 f per cent.
4 per cent.

Rate.

4\ per cent.

$25,0 0 0 00
185,891 97
20 ,4 5 0 00

5 per cent.
5 f per cent.

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

.
.
.
.

$76,2 9 5 00
110,538 00

.
.
.
.

.
.
6

.
.
.

,

.

G ro ss I n c o m e

r e c e iv e d

994

.

6 8,280 25
911

.

.
.
.

.

9 9 ,533 44
.
.

.

.

.

Y

d u r in g

Y

166
146
1,934

of

229,0 7 9 97
38 ,9 3 5 98

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

183
205

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $1 ,6 0 0 00
$461 35
Percentage to total assets, .
. 00192
.0 0 0 5 5
for

31
31
00
39

11,113 17
13,000 0 0

.

.

5-)- per cent.
6 per cent.

$10,896
10,896
6,800
144

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

T o tal E x p e n s e s

Rate.

O t h e r w is e : —.
.
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : — Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0

Amount.

.
.

.
.

.
.

Total.
$2,061 35
.0 0 2 4 7
$ 13,206 39
13,081 22

26,287 61

E x a m in a t io n , S e p t e m b e r 27.

BASS RIVER SAVINGS BANK — SOUTH YARMOUTH.
H ir a m L o r in g , President.
H ir a m D . L o r in g , Treasurer.
E . L a w r e n c e Je n k in s , Clerk of the Corporation.

Investm ent Committee: H ir a m L o r in g , E d w in B a x t e r , G eo r g e H . L o r in g , Ch a r l e s G.
B a k e r , Ja m e s H . Je n k s , Jr.
Incorporated April 15, 1874.

Open for business every business day, 9
4 P.M.

a .m .

to 12

m .,

2 to

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of April and October.


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Federal Reserve Bank of St. Louis

No. 8.]

21

BANK COMMISSIONER.
Bass River Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds,
Street railway b o n d s,.
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$11,7 5 2
23 ,7 6 7
1 24,102
6 ,195
1 ,100
1 ,000
2 87,539
2 3 ,6 5 2
12,308
2 78
7 ,429
2,751

50
05
75
00
00
00
52
00
05
83
81
53

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$470,443 99
23 ,7 9 2 66
5 ,666 76
1,973 63

$5 0 1 ,8 7 7 04

$ 5 0 1,877 04

C a s h o n D e p o s it i n B a n k s , A m o u n t i n E a c h : —
National Shawmut Bank, Boston,
.
.
.
New England National Bank, Boston, .
.
.
First National Bank, H yannis,
.
.
.
.

.
.
.

$ 246 98
5 ,1 2 0 51
2 ,062 32

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
2 shares First National B ank of Y arm outh , Y arm outhport,
10 shares National Shoe and Leather Bank, Auburn, Me.,

S c h e d u l e o f S e c u r it ie s O w n e d .

$200 00
90 0 00

Par Value.

Estimated
Market Value.

$6 ,0 0 0
5 ,0 0 0

$ 6 ,0 9 0 00
5 ,0 7 5 00

$ 6 ,8 4 0 00
4 ,9 1 2 50

$11,0 0 0

$11,1 6 5 00

$11,7 5 2 50

Book Value.

P ublic Funds.
Massachusetts 3 ^ s ,.
.
T ow n of Spencer, M ass., 4 s , '

.
.

.

.

.

Bank Stocks.
25
50
50
7
25
11
37
24
9

shares
shares
shares
shares
shares
shares
shares
shares
shares

Faneuil H all National Bank, Boston,
JNat’l B ank of the R epublic, Boston,
National Exchange Bank, Boston,
Old Boston National Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston,
Trem ont National Bank, Boston,
First National Bank, New Bedford,
First National Bank, Y arm outhport,

.
.
.

.
.

$2 ,5 0 0
5 ,0 0 0
• 5 ,000
700
2 ,500
1,100
1,295
2 ,400
900

$3 ,6 2 5
8 ,2 5 0
8 ,0 0 0
770
5 ,5 7 5
1,639
37
3 ,1 9 2
1,125

00
00
00
00
00
00
00
00
00

$3 ,0 7 5
5,749
5 ,927
756
3 ,2 5 8
1,472

00
88
00
00
00
50
_

2 ,4 0 0 00
1,128 67

$21,395

$32,2 1 3 00

$ 23,767 05

$10,000
6 ,000
5 ,000
20 ,0 0 0
10,000
25 ,0 0 0

$10,4 0 0
6 ,180
5 ,6 2 5
18,500
9 ,5 5 0
2 3 ,0 0 0

00
00
00
00
00
00

$11,2 5 0
6 ,355
5 ,837
19,487
10,289
2 4,543

00
00
50
50
00
75

4 ,000
15,000
20 ,0 0 0
5 ,000

4 ,0 8 0
15,150
20 ,6 5 0
5 ,350

00
00
00
00

4 ,1 1 5
15,700
21 ,0 6 2
5 ,462

00
00
50
50

Railroad Bonds.
Bennington & R utland R .R . 4£s,
Boston & Maine R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3Js, .
Fitchburg R .R . 3^s,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
Maine Central & European and North Am erican
R .R . 4s,
.
.
.
.
.
.
N ew Y o rk , N ew H a ven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
U pper Coos R .R . 4^s,
.
.
.
.
.

$120,000

$ 1 1 8,485 00

$ 1 2 4,102 75

$ 6,000

$6,0 9 0 00

$6,1 9 5 00

Street Railw ay Bonds.
W e s t E nd Street R ailw ay Co. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

22

REPORT OF THE

[Pub. Doc.

Bass River Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 2 ,0 6 2
2 46
5 ,1 2 0
1 ,0 0 0

Rate.

32
98
51
00

If
2
2f
4

per
per
per
per

Amount.

ce n t.
ce n t.
ce n t.
ce n t.

$ 1 4 ,5 0 0
1 0,0 00
147 ,42 3
2 0 ,4 0 0

Rate.

00
00
00
00

4f
4f
5
5f

per
per
per
per

ce n t.
ce n t.
ce n t.
ce n t.

Amount.

Rate.

$ 1 1 8 ,3 4 3 52
1,6 2 5 00

6 p e r ce n t.
7 p e r ce n t.

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : :—
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.

$12,308 05
14,780 00
85 56

.

.

.

.

.

909
6 9,492 41
1,002

.
.
.

.
.
.

74,037 24
142
140
1,543

.
.
.

S t a t is t ic s of L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
A m ount of same,.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d d u r in g

T o ta l E x p e n s e s

Y

2 2 ,2 3 3 31

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
October, 1906, I f per cent., .
.
D ate

of

1 64,464 52
223

Y ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $1 ,5 2 0 00
$903 95
Percentage to total assets, .
. 00302
.0 0 1 8 0
for

239

.

.

.

Total.
$ 2,423 95
.0 0 4 8 2
$ 7,7 96 63
7,8 4 9 3 4

15,645 97

E x a m in a t io n , A u g u s t 22.

BAY STATE SAVINGS BANK — WORCESTER.
W

il l ia m

H a r t , President.
G e o r g e M cA l e e r , Treasurer.
J o h n B . R a t ig a n , Clerk of the Corporation.

Investment Committee:

J e r e m ia h H e n n e s s y , C h a r l e s J. O ’H a r a , W
T h o m as J. B a r r e t t , N ich o la s J. M o o n e y .

il l ia m

H art,

Incorporated March 9, 1895. Open for business every business day except Saturdays,
9 a .m . to 3 p . m .; Saturdays, 9 a . m . to 1 p . m .; for deposits only, 6 to 8 p . m .
Deposits commence to draw interest the first day of March, June, September and De­
cember. Dividends are payable the fifteenth day of March and September.


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Federal Reserve Bank of St. Louis

I

BANK COMMISSIONER

No 8.]

23

Bay State Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Expense account,
.
.
Deposits in banks, on interest,
Cash on hand, .

$93,330
209,628
10,412
679,438
5 3,535
6,162
459
2 6 ,9 3 0
8 42

.

75
25
50
05
00
38
51
16
18

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 1 ,0 8 0 ,7 3 8 78

8 ,949 64
7 ,334 74

$ 1 ,0 8 0 ,7 3 8 78

Ca s h o n D e p o s it i n B a n k s , A m o u n t i n E a c h : —
Merchants National Bank, W orcester, .
.
.
W orcester Trust Company, W orcester, .
.
.

.
.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

$ 1 ,0 4 9 ,7 5 2 74
14,701 66

.
.

.
.

$10,471 81
16,458 35

Estimated
Market Value.

Book Value.

Public Funds.
City of Chicago, 111., 4s,
.
D ayton, O ., 3J.S,
.
Everett, Mass., 4s,
.
Fitchburg, Mass., 4s, .
Lynn, Mass., 4s,
Newport, R . I., 3^s,
.
Pittsfield, Mass., 34s, .
Somerville, Mass., 4s, .
T ow n of Clinton, Mass., 3-jS, .
W atertow n, Mass., 4s,

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

\

$ 30,000
7,000
5,000
4 ,000
5,000
15,000
10,000
5,000
5,000
5 ,000

$30,1 5 0
6 ,755
5 ,106
4 ,0 9 5
5 ,018
14,250
9 ,775
5,012
4 ,9 5 0
5 ,000

00
00
25
00
75
00
00
50
00
00

$91,000

$ 90,112 50

$30,6 0 0
6 ,8 6 0
5 ,410
4 ,3 7 0
5 ,362
15,187
10,000
5 ,259
5,081
5 ,200

00
00
00
00
50
50
00
25
50
00

$ 93,330 75

Railroad Bonds.
Boston & Lowell R .R . 3-J-s,
.
.
Boston & Maine R .R . 3-Js,
.
.
Chicago, Burlington & Quincy R .R .
Chicago & Northwestern R .R . 7s,
Fitchburg R .R . 3-jS,
.
.
Illinois Central R .R . 3-Js,
.
.
N ew Y o rk Central & H udson R iver
New Y ork , New H aven & Hartford
Sioux City & Pacific R .R . 3^s,

.
.
3-jS,

.
.
.

.

. . .
.
.
R .R . 3.’-s, .
R .R . 3^s, .

$10,000
10,000
8 0,000
10,000
5,000
3 6,000
15,000
2 5,000
2 0,000

$ 9 ,575
9 ,500
74 ,0 0 0
11,225
4 ,7 5 0
32 ,0 2 5
14,100
2 3,100
18,500

$ 10,487
10,300
77,531
13,100
5 ,144
3 4,777
14,756
24,531
19,000

00
00
00
00
00
00
00
00
00

50
00
25
00
50
50
25
25
00

$211,0 0 0

$196,775 00

$209,6 2 8 25

$10,0 0 0

$10,150 00

$ 10,412 50

Street Railway Bonds.
W e s t E nd Street R ailw ay Co. 4s,

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$26,9 3 0 16
20 ,0 0 0 00
26 ,7 0 0 00

3
4

per cent.
per cent.

4{- per cent.


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Federal Reserve Bank of St. Louis

Amount.

$83,500 00
10,000 00
561,248 05

Rate.

4^ per cent.
4 f per cent.
5 per cent.

Rate.

Amount.

$ 31,525 00

6

per cent.

24

KEPORT OF THE

[Pub. Doc

Bay State Savings Bank — Concluded.
R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

O t h e r w is e : —
.
.
.
.
.
.
.
.

.
.

.
.

$ 6,162 38
7 ,000 00

D e p o s it s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

2,904
2 2 3 ;934 72
1,870
166,6 7 0 55

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

472
252
2,526

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

d u r in g

134
231,4 8 8 05
!

’

Y ear,

45 ,8 6 6 27

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses,
Am ount paid during year, .
$933 32
$1,143 54
Percentage to total assets, .
. 00086
.0 0 1 0 6
fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
March, 1906, I f per cent.,
September, 1906, I f per cent.,
D ate

o f

200

Total.
$2 ,0 7 6 86
.0 0 1 9 2
$16,337 45
16,998 97

3 3,336 42

E x a m in a t io n , A p ril 2.

BELMONT SAVINGS BANK —BELMONT.
J. H e n r y F l e t c h e r , President.
W in t h r o p L . C h e n e r y , Treasurer.
T h o m a s W . D a v is , Clerk of the Corporation.

Investment Committee: J. H e n r y F l e t c h e r , Ch a r l e s W . W

in n ,

J o seph O. W

e l l in g t o n ,

F r e d e r ic D o d g e , I sa a c H . L o c k e .
Incorporated March 5, 1885.

Open for business W ednesdays, 4 to 6 and 7 to 8

p .m .

Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesd ay of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Expense account,
Prem ium account,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

.

$52,431
3 ,3 0 0
1 0 2 ,5 0 0
1 0,000
1 73,215
3 4 ,4 2 0
6 ,0 0 7
222
2 44
15,872
1,325

25
00
00
00
00
00
07
56
50
59
61

$ 3 9 9 ,5 3 8 58

C a sh o n D e p o sit in B a n k : —
Faneuil H all National Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .
Suspense account,

$ 3 8 2,410 09
1 0,000 00
2 ,0 3 4 04
4 ,5 4 8 02
546 43

$ 3 9 9,538 58

$15,872 59

No. 8.]

BANK COMMISSIONER.

25

Belmont Savings Bank — Continued.
Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
C ity of Brockton, Mass., 4s,
Chicago, 111., 4s,
Lynn, Mass., 4s,
Milwaukee, W is., 4s,
St. Louis, M o., 3^ s,
Tow n of Belm ont, M ass., 4s,
Melrose, M ass., 4s,
Peabody, Mass., 4s,

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.
.

.

.

.

.
.

.
.

.
.

$2 ,0 0 0
5 ,000
9 ,0 0 0
5 ,000
5 ,000
21 ,5 0 0
3 ,0 0 0
2 ,000
$52,5 0 0

$ 2 ,0 1 0
5 ,025
9 ,0 0 0
5 ,0 0 0
4 ,6 5 0
2 1 ,5 9 0
3 ,0 6 0
2 ,0 4 0

00
00
00
00
00
00
00
00

$ 5 2 ,3 7 5 00

$ 2 ,0 0 0
5 ,000
9 ,0 0 0
5 ,000
4,931
21 ,5 0 0
3 ,0 0 0
2 ,0 0 0

00
00
00
00
25
00
00
00

$52,431 25

Bank Stocks.
24
2
2
5

shares
shares
shares
shares

Faneuil H all National Bank, Boston, .
Freemans National Bank, Boston,
National Shawm ut Bank, Boston,
South E n d National Bank, Boston,

$ 2,400
200
200
500

$ 3 ,4 8 0
230
546
4 65

00
00
00
00

$3 ,3 0 0

$4,721 00

$3 ,3 0 0 00

$5 ,0 0 0
3 ,0 0 0
5 ,0 0 0
3 ,0 0 0
5 ,000
5 ,000
5 ,000
5 ,000
5 ,000
5 ,0 0 0
6 ,500

$4 ,8 5 0
3 ,015
5 ,0 5 0
3 ,3 6 0
4 ,7 5 0
4 ,6 0 0
5 ,1 0 0
5 ,0 5 0
4 ,6 0 0
5 ,1 0 0
6 ,5 3 2

00
00
00
00
00
00
00
00
00
00
50

$5 ,0 0 0
3 ,0 0 0
5 ,0 0 0
3 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
6 ,5 0 0

00
00
00
00
00
00
00
00
00
00
00

3 ,0 0 0
10,000
2 5 ,0 0 0
10,000
2 ,0 0 0

3 ,0 6 0
9 ,1 5 0
25 ,4 5 0
10,200
2 ,1 4 0

00
00
00
00
00

3 ,0 0 0
1 0,000
2 5 ,0 0 0
1 0,000
2 ,0 0 0

00
00
00
00
00

$2 ,4 0 0
200
200
500

00
00
00
00

Railroad Bonds.
Boston & A lb an y R .R . 34s,
.
.
.
.
B oston & Lowell R .R . 4s,
B oston & Maine R .R . 4s,
.
.
.
.
Boston & Maine R .R . 44s,
.
.
.
.
Boyer V alley R .R . 34s, .
.
.
.
.
Chicago, Burlington & Quincy R .R . 34s, .
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 34s,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central & European and North Am erican
R .R . 4s,
.
.
.
.
.
JNew York, JNew H aven & H artford R .R . 34s, .
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
U pper Coos R .R . 44s,
.
.
.
.
.

$1 0 2 ,5 0 0

$ 1 0 2 ,0 0 7 50

$ 1 0 2 ,5 0 0 00

$ 5,000
5 ,000

$5 ,1 0 0 00
5 ,0 7 5 00

$5 ,0 0 0 00
5 ,0 0 0 00

$10,0 0 0

$10,1 7 5 00

$ 1 0 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
Springfield Street R ailw ay Co. 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 15,875 59
8 ,5 0 0 00

Rate.

24

per cent.
4 4 per cent.

R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$7,5 0 0 00
149,200 00

or

.
.

Rate.

4 f per cent.
5 per cent.

O t h e r w is e : —
.
.
.
.

Amount.

$22,0 1 5 00
20 ,4 2 0 00

Rate.

54 per cent.
6 per cent.

$ 6 ,0 0 7 07

6,200 00

REPOET OF THE

26

[Pub. Doc

Belmont Savings Bank — Concluded.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

1,234
$80,5 4 0 80
559
50,392 80

D e p o sit A cco u n ts : — •
N um ber opened during year,
N um ber closed during year,
Total number Oct. 31, 1 9 0 6 ,.

132
56
1,204

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ro ss I n c o m e

r e c e iv e d

T otal E x p e n s e s

Y

d u r in g

Y

16,470 00

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, I f per cent.,
D ate

of

96 ,6 3 5 00
89

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ou n t paid during year, .
$675 00
$237 69
Percentage to total assets, .
.0 0 1 6 9
.0 0 0 5 9
for

93

Total.
$912 69
.0 0 2 2 8
$ 6 ,4 4 4 28
6,043 20

12,487 48

E x a m in a t io n , M ar ch 7.

BENJAMIN FRAN KLIN SAVINGS BANK — FRANKLIN.
E l is h a P . C h a p m a n , President.
C h a r l e s L . S t e w a r t , Treasurer.
C h a r l e s L . S t e w a r t , Clerk of the Corporation.

Investment Committee: E l is h a P. Ch a p m a n , E d w a r d H . S h e r m a n , Ja m e s O. Ch il s o n ,
A delbert D . T h a y e r , W

alter

Incorporated F eb. 20, 1871.

M . F is h e r , H orace W . H o s ie , O r e st e s T . D o e .

Open for business every business day, 9
1 to 4 P.M.

a .m .

to 12

m .,

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the fifteenth day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.
Assets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loan on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
Deposits in banks, not on interest,
R eal estate income account,
T a x account,
.
.
.
.
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Liabilities.

$20,0 0 0
9 ,0 9 0
205,3 6 7
500
5 .0 0 0
11,000
100
135,690
165,298
6 ,686
624
1,747
22 ,0 9 7
2 .0 0 0
233
192
2 ,3 0 5

00
00
00
00
00
00
00
00
50
72
74
28
74
00
08
48
93

$ 5 8 7,933 47

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 5 6 4,792 46
12,280 74
2 ,160 48
8 ,699 79

$ 5 8 7,933 47

No. 8.]

BANK COMMISSIONER

27

Benjamin Franklin Savings Bank — Continued.
C a sh o n D e p o sit in B a n k s , A m o u n t
First National Bank, Boston,
.
Franklin National Bank, Franklin,

in

:—

e a ch

.

.
.

.
.

.

.
.

L o a n o n B a n k S to ck s : —
40 shares Producers National Bank, W oonsocket, R . I.,

.
.

.
.

$20,2 0 5 64
3 ,892 10

.

$ 500 00

L o a n o n R a il r o a d S t o c k s : —
125 shares New Y ork , New H aven & H artford R .R .,

S c h e d u l e o f S e c u r it ie s O w n e d .

$5 ,0 0 0 00

Par Value.

Estimated
Market Value.

Book Value.

$10,0 0 0
10,000

$10,075 00
9 ,675 00

$ 10,000 00
10,000 00

$20,0 0 0

$19,750 00

$20,0 0 0 00

Public Funds.
City of Chicago, 111., 4s,
H olyoke, M ass., 3-jS,

B ank Stocks.
5
16
75
12

shares
shares
shares
shares

Continental National Bank, Boston,
Trem ont National Bank, Boston,
Franklin National Bank, Franklin,
National Bank, W rentham ,

$560
7 ,500
840
$ 8,900

$25
16
9,375
840

00
00
00
00

$ 8,250 00
840 00

$10,256 00

$ 9,090 00

-

Railroad Bonds.
Bennington & R utland R .R . 4-Js,
Boston & A lb an y R .R . 3^s,
Boston & Maine R .R . 4s,
Boston & Maine R .R . 4-j-s,
Boston, Revere Beach & Lynn R .R . 4Js, .
Chicago, Burlington & Quincy R .R . 5s,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
Illinois Central R .R . 3-J-s,
.
.
.
Illinois Central R .R . 4s, .
Michigan Central R .R . 3-|-s,
N ew Y ork, New H aven & Hartford R .R . 3Js,
N ew Y ork, New H aven & H artford R .R . 4s,
Rum ford Falls & Rangeley Lakes R .R . 5s,
Sioux City & Pacific R .R . 3-jS,
U pper Coos R .R . 4^s,
.
.
.
.
W ashington County R .R . 3^s,

$10,000
10,000
10,000
10,000
10,000
2 6 ,000
20 ,0 0 0
5,000
8 ,000
2 0,000
5,000
10,000
10,000
10,000
5,000
2 0,000
5 ,000
$ 1 9 4,000

$10,400
9 ,450
10,300
11,250
10,700
2 8 ,080
2 0,250
3,950
7,360
20,400
4 ,700
9 ,100
10,050
10,900
4 ,650
2 1,400
4 ,5 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 9 7,440 00

$10,950
10,347
10,387
10,775
10,750
28,825
21,075
4 ,412
7,963
2 2 ,400
4 ,850
9,525
10,000
11,450
4 ,750
22,200
4 ,706

00
00
50
00
00
00
00
50
75
00
00
00
00
00
00
00
25

$205,367 00

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$ 22,097 74
2 ,000 00
9 ,0 0 0 00

Rate.

2
3
4

per cent.
per cent.
per cent.

R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$ 29,000 00
37 ,5 0 0 00
9 9,895 00

or

.
.

Rate.

per cent.
4 f per cent.
5 per cent.

O t h e r w is e : —
.
.
.
.

Amount.

$5 ,0 0 0 00
41 ,1 0 0 00
94,093 50

Rate.

per cent.
51 per cent.
6 per cent.

$ 6,686 72
8 ,3 5 0 00

[Pub. Doc.

REPORT OF THE

28

Benjamin Franklin Savings Bank —

C onclud ed .

D ep o sit s a n d W it h d r a w a l s : — '
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

2,152
$ 1 0 7,648 52
’ 1,611
121,629 87

D e p o sit A c co u n t s : —
N um ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 190 6 ,.

277
242
2 ,447

S t a t ist ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

d u r in g

Y

118,088 50

of

116
27 ,3 6 5 98

ear

D iv id e n d s d e c l a r e d d u r in g Y
January, 1906, 1^- per cent.,
July, 1906, 1^- per cent.,
D ate

’

ear,

( e x c l u s iv e of T a x e s ) : —
Other Expenses.
Salaries.
$900 42
Am ount paid during year,
. $1 ,7 0 0 00
.0 0 1 5 3
Percentage to total assets, .
. 0 0289
for

Y

179
!

ear

Total.
$ 2 ,6 0 0 42
.0 0 4 4 2

:—
$7 ,9 9 8 64
7 ,974 59

15,973 23

E x a m in a t io n , M a y 7.

BERKSHIRE COUNTY SAVINGS BANK — PITTSFIELD.
Jo seph T u c k e r , President.
R o b e r t W . A d a m , Treasurer.
W il l ia m L . A d a m , Clerk of the Corporation.

Investment Committee: R o b er t W . A d a m , L e v i A . St e v e n s , W

il l ia m

H . S l o a n , Ch a r l e s

W . K ell o g g , A l e x a n d e r K e n n e d y .
Incorporated Feb. 2, 1846. Open for business every business day except Saturdays,
9 a .m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

$6 3 9 ,0 0 0
173,440
1,262 ,4 8 7
4 2 7 ,5 0 0
1 25,000
6 ,600
182,000
100
2 ,3 8 0 ,3 5 5
293,5 6 5
10,000
156,000
4 ,8 1 4
3 2,019
32 ,9 5 8
4 ,745

00
00
50
00
00
00
00
00
00
00
00
00
00
96
67
16

$ 5 ,7 3 0 ,5 8 5 29

Deposits,
G uaranty fund,
Profit and loss account,

$ 5 ,4 5 0 ,9 5 5 25
266,8 0 0 00
12,830 04

$ 5 ,7 3 0 ,5 8 5 29

BANK COMMISSIONER

No. 8.]

29

Berkshire County Savings Bank — Continued.
C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
Agricultural National Bank, Pittsfield, .
.
.
Pittsfield National Bank, Pittsfield,
.
.
.
Third National Bank, Pittsfield, .
.
.
.
Berkshire Loan & Trust Co., Pittsfield, .
.
.
Lee National Bank, Lee,
.
.
.
.
.
L oans
4
9
8
20
11
9
10

.
.
.
.
.

o n B a n k S t o c k s , A m o u n t o n E a c h : —shares Agricultural National Bank, Pittsfield,
.
shares Pittsfield National Bank, Pittsfield,
.
shares Pittsfield National Bank, Pittsfield,
.
shares Pittsfield National Bank, Pittsfield,
.
shares Pittsfield National Bank, Pittsfield,
.
shares Berkshire Loan & Trust Co., Pittsfield,
.
shares W illiam stow n National Bank, W illiam stow n,

Par Value.

S c h e d u l e o r S e c u r it ie s O w n e d .

.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.

.

.

Estimated
Market Value.

$10,968
11,621
10,368
17,019
15,000

74
61
32
96
00

$400
9 00
80 0
2 ,0 0 0
1,000
900
600

00
00
00
00
00
00
00

Book Value.

Public Funds.
City of Boston, Mass., 4s,
.
.
Bridgeport, Conn., 3^s,
Dayton, O ., 3-js,
.
.
Dubuque, la ., 4s,
.
.
Grand Rapids, M ich., 4-Js,
Kansas City, M o., 4s, .
.
Lowell, Mass., 4s,
.
.
Lynn, Mass., 4s,
.
.
Newton, Mass., 4s,
.
.
Pittsfield, Mass., 4s,
.
.
Saginaw, M ich., 3-J-s, .
.
South Norwalk, Conn., 4s, .
W alth am , Mass., 3-J-s, .
.
Tow n of Braintree, Mass., 4s, .
.
Great Barrington, Mass., 3£s,
Marlborough, Mass., 4s,
North Kingston, R . I., 4s, .
Spencer, Mass., 4s,
.
.

.

.

.
.

.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.

.
.

.

.

$42,0 0 0
12,000
14,000
38 ,0 0 0
25 ,0 0 0
50 ,0 0 0
11,000
25,000
30 ,0 0 0
45 ,0 0 0
5 0,000
35 ,0 0 0
2 5,000
2 5,000
8 2,000
75,000
2 0,000
3 5,000
$ 6 3 9,000

$42,420
11,760
13,440
3 8,190
2 6,000
5 1,000
11,330
25,687
30,3 0 0
45,0 0 0
4 8,000
3 6,050
2 4,250
25,625
8 0,340
7 5,750
2 0,800
35,350

00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00

$641,292 50

$42,0 0 0
12,000
14,000
38 ,0 0 0
25 ,0 0 0
50 ,0 0 0
11,000
2 5 ,0 0 0
30 ,0 0 0
45 ,0 0 0
50 ,0 0 0
35 ,0 0 0
2 5 ,0 0 0
2 5,000
8 2 ,0 0 0
7 5 ,000
20 ,0 0 0
35 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00

$ 6 3 9,000 00

Bank Stocks.
45
125
60
100
75
105
100
15
75
24
35
51
60
100
100
240
21
50
130
20
25
76
10

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
Merchants National Bank, Boston, .
N a t’l Bank of Commerce, Boston,
N a t’l B ’k of the Republic, Boston, .
National Shawmut Bank, Boston,
New England N a t’l Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
W ebster & Atlas N a t’l Bank, Boston,
H a dley Falls N a t’l Bank, H olyoke, .
Lee National Bank, Lee,
North Adam s N ’l B ’k, North Adam s,
Agricultural N a t’l Bank, Pittsfield, .
Berkshire Loan & Tr. Co., Pittsfield,
Pittsfield N a t’l Bank, Pittsfield,
Third National Bank, Pittsfield,
Agaw am National Bank, Springfield,
Chapin National Bank, Springfield, .
Chicopee National Bank, Springfield,
First National Bank, Springfield,
John Hancock N ’l Bank, Springfield,
Springfield N a t’l Bank, Springfield, .
Housatonic N ’l Bank, Stockbridge, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 4,500
12,500
6,000
10,000
7 ,500
10,500
10,000
1,500
7,500
2,400
3 ,500
5,100
6,000
10,000
10,000
24,000
315
5,000
13,000
—
—

7,600
1,000
$157,915

* A legal investm ent when m ade.

$6 ,5 2 5
26 ,2 5 0
9 ,600
16,500
2 0,475
14,700
2 2,300
2,235
11,100
3,336
5,880
5,865
15,000
14,500
16,200
5 4 ,000
105
6 ,000
19,500
500
250
15,580
1,650

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 4,500
12,500
6 ,0 0 0
10,000
7,500
10,500
10,000
1,500
7 ,500
2 ,4 0 0
3 ,5 0 0
5 ,1 0 0
6 ,0 0 0
10,000
10,000
3 9,525
315
5 ,000
13,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
-

—

00
00

7 ,600 00

00

1 ,0 0 0

$288,051 00

00

$173,440 00

REPORT OF THE

30

[Pub. Doc

Berkshire County Savings Bank — Continued.
Par Value.

S c h e d u l e ob S e c u r it ie s O w n e d .

Estimated
Market Value

Book Value.

Railroad Bonds.
A lb an y & Susquehanna R .R . 3-jS,
Bangor & Aroostook R .R . 5s, .
Boston & A lb an y R .R . 4s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 44s,
.
.
.
.
Cedar Rapids & Missouri River R .R . 7s, .
Chicago, Burlington & Quincy R .R . 31s, .
Chicago & Northwestern R .R . 34s, .
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 3 Is,
Cleveland & Pittsburgh R .R . 44s,
Concord & Montreal R .R . 4s, .
Connecticut & Passumpsic Rivers R .R . 4s,
Fitchburg R .R . 34s,
Fitchburg R .R . 4s,
Fremont, Elkhorn & Missouri V aliev R .R . 6s, .
Grafton & U pton R .R . 4s,
Housatonic R .R . 4s,
.
.
.
.
Housatonic R .R . 5s,
.
.
.
.
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 34s,
.
.
.
.
N ew England R .R . 5s,
N ew Y ork, New H aven & H artford R .R . 3Js, .
Northwestern Union R y . 7s,
Penobscot Shore Line R .R . 4s,
.
.
.
Rum ford Falls & Rangeley Lakes R .R . 5s,
Verm ont V alley R .R . 5s,
.
.
.
.
W inona & St. Peters R .R . 7s, .

$25,0 0 0
25,000
35 ,0 0 0
5 0,000
75,000
8 ,500
130,000
2 5,000
10,000
2 5,000
25,000
25,000
3 5,000
7 5,000
2 5,000
63,000
2 1,000
4 ,0 0 0
2 5,000
75,000
125,000
59,000
182,000
10,000
5 0 ,000
15,000
30 ,0 0 0
25 ,0 0 0
$ 1 ,2 77,500

$27,500
2 9,250
3 5 ,350
51,500
8 4 ,375
10,497
120,250
2 3 ,750
11,200
23,750
2 8 ,125
25,375
36,050
7 1 ,250
2 5 ,250
8 5 ,050
15,750
4 ,000
3 0 ,250
6 0 ,000
115,000
72,570
167,440
12,550
50,500
16,500
3 1,050
3 0,800

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$25,000
25,0 0 0
3 5 ,0 0 0
50,0 0 0
75 ,0 0 0
8 ,5 0 0
125,650
25 ,0 0 0
10,000
2 5,000
25 ,0 0 0
25 ,0 0 0
35 ,0 0 0
75 ,0 0 0
25 ,0 0 0
63 ,0 0 0
21 ,0 0 0
4 ,0 0 0
25 ,0 0 0
67,937
125,000
5 9,000
178,400
10,000
50 ,0 0 0
15,000
3 0 ,0 0 0
25 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
50
00
00
00
00
00
00
00
00

$ 1 ,2 9 4 ,9 3 2 50 $1,2 6 2 ,4 8 7 50

Street Railway Bonds.
Hoosac V alley Street R ailw ay Co. 4s,
Hoosac V alley Street R ailw ay Co. 5s,
Pittsfield Electric Street R ailw ay Co. 4s, .
W e st E n d Street R ailw ay Co. 4s,

$150,0 0 0
29 ,0 0 0
2 00,000
50 ,0 0 0

$150,000
3 1,175
200,0 0 0
5 1,000

00
00
00
00

$ 1 4 8,500
29 ,0 0 0
200,0 0 0
50 ,0 0 0

00
00
00
00

$ 4 2 9,000

$ 4 3 2,175 00

$ 4 2 7,500 00

$125,000

$130,000 00

$ 1 2 5,000 00

Boston Term inal Com pany Bonds.
Boston Terminal Company 34s,

* A legal investm ent when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$17,019
33 ,7 0 0
3 ,0 0 0
45 ,2 0 0

Rate.

96
00
00
00

2
34
3f
4

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$39,5 0 0
10,000
667,1 0 0
2 ,0 2 9 ,1 2 0

Rate.

00
00
00
00

R e a l E st a t e for B a n k in g P u r p o se s : —
A m ount invested,
.
Estim ated value,
.
Assessed value, .
N et income during year,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

44 per cent.
4 .3 5 per ct.
44 per cent.
5 per cent.

Amount.

$25,000 00
2 5,000 00

Rate

54 per cent.
6 per cent.

$ 1 5 6,000
1 56.000
115.000
2,967

00
00
00
39

No. 8.]

BANK COMMISSIONER.

31

Berkshire County Savings Bank — Concluded.
R e a l E st a t e b y F o r ec lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o sit A c counts : —
N um ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 1906,

.
.
.

.

.
.

.

.
.
. . .
.

.
.

.
.
.

.
.

.

.

.
.

.
.

.

.

.

.

.

.

.
.
.

.

.

G ross I n c o m e

r e c e iv e d

T otal E x p e n s e s

.

Y

d u r in g

Y

ear,

.

.

.

of

16,464
.
11,035
.

1 ,0 9 5 ,3 2 5 48
9 4 5 ,3 9 0 40

.

.
.

9 2 1 ,7 0 5 0 0
877

.

.

247,3 3 5 62

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
D ate

9 ,0 0 0 00
1,930 85

708
.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $11,180 00
$2,7 7 5 46
Percentage to total assets, .
. 0 0195
.0 0 0 4 8
for

$10,000 00

2 ,4 4 0
1,792
14,969

.

S t a t ist ic s o f L o an s : —
N um ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

.
.
.

.
.

.
.

Total.
$13,955 46
.0 0 2 4 3
$86,1 2 4 21
88 ,6 4 4 86

174,769 07

E x a m in a t io n , O c to b er 22 and 23.

BEVERLY SAVINGS BANK —BEVERLY.
R o b e r t R . E n d ic o t t , President.
C h a r l e s H . K il h a m , Treasurer.
C h ar l e s H . K il h a m , Clerk of the Corporation.

Investment Committee:

R o b er t R . E n d ic o t t , G eo r g e B u t m a n , R o l a n d W . B o y d e n ,
J o se p h A . W a l l is .

Incorporated Feb. 23, 1867.
Open for business every business day, 8.3 0
1.30 p . m .; also Saturdays, 7.3 0 to 9 p . m .

a .m .

to

Deposits commence to draw interest the fourth W ednesday of January, April, July and
October. Dividends are payable the fourth W ednesday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Stocks, bonds, etc., taken to se° cure indebtedness, .
Expense account,
Deposits in banks, on interest,
R ent account, .
.
.
.
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

$ 5 2 ,2 8 7
133,067
4 3 3 ,7 3 5
700
5 .0 0 0
135
1,633 ,4 5 2
621,2 1 3
6 ,4 3 2
6 0 ,0 0 0

50
37
00
00
00
00
09
92
29
00

2 .0 0 0
293
20 ,2 0 7
12
2 ,6 9 7

00
06
74
00
20

$ 2 ,9 7 1 ,2 3 3 17

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .

$ 2,817,281 07
145,000 00
6 ,487 95
2 ,4 6 4 15

$2,9 7 1 ,2 3 3 17

32

REPORT OF THE

[Pub. Doc,

Beverly Savings Bank — Contin ued.
C a s h o n D e p o s it i n B a n k s , A m o u n t
Beverly National Bank, Beverly, .
First National Bank, Boston,
.

in

E ach : —
.
.
.
.
.

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : — 10
shares Beverly National Bank, Beverly,
.
2 shares Beverly National Bank, Beverly,
.

.

.
.
.

.

.

.

.

$19,351 5 0
856 24
$500 00
200 00

.

Estimated
Market Value.

Book Value.

$25,0 0 0
2 5 ,0 0 0

$ 2 5 ,5 0 0 00
24,5 0 0 00

$27,287 50
25 ,0 0 0 00

$ 5 0 ,0 0 0

$50,0 0 0 00

$52,287 50

$20,0 0 0
6 ,300
10,000
20,0 0 0
1,500
10,000
1,800
3 ,550
6 ,700
3 ,0 4 5
1 0,000

$29,0 0 0
18,585
16,000
5 4,600
11,250
12,700
2 ,070
1,775
6 ,968
435
16,000

$20,000
15,105
10,000
36,562
11,850
12,500
1,800
3 ,550
6 ,700

Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

.

.

.

.

.

Public Funds.
City of Augusta, Me., 4s,
Tow n of Milton, Mass., 3JrS,

B ank Stocks.
200
63
100
200
15
100
18
71
67
87
100

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Beverly National Bank, Beverly,
First National Bank, Boston, .
National Bank of Commerce, Boston,
National Shawmut Bank, Boston,
Old Colony Trust Co., Boston,
Central Trust Co., Cambridge,
National Grand Bank, Marblehead, .
First National Bank, Salem,
Mercantile National Bank, Salem,
National Exchange Bank, Salem,
Merchants N a t’l Bank, W orcester,

$ 9 2 ,8 9 5

00
00
00
00
00
00
00
00
00
00
00

$169,383 00

00
00
00
37
00
00
00
00
00

15,000 00
$133,067 37

Railroad Bonds.
Beech Creek R .R . 4s,
.
.
.
Boston & Maine R .R . 3£s,
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Quincy R .R .
Erie & Pittsburgh R .R . 3-g-s,
Fitchburg R .R . 31s,
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3^s,
Michigan Central R .R . 3Js,
New Y o rk Central & Hudson R iver

3^s,
4s,
5s,

$ 35,875
4 8 ,0 0 0
69,375
9 ,045
2 3,760
14,250
47,7 5 0
59 ,2 5 0
7 2,680
2 3,500
23 ,5 0 0

$35,0 0 0
50,0 0 0
7 5,000
9 ,000
22,0 0 0
1 5,000
5 0,000
75,0 0 0
79,0 0 0
2 5 ,0 0 0
2 5 ,0 0 0

.
.

R .R . 3^s,

$4 6 0 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00

$ 4 2 6,985 00

$36,2 0 0
4 9,000
70,375
9 ,000
2 2,000
14,500
49 ,0 0 0
61,750
73,785
2 4 ,250
23,875

00
00
00
00
00
00
00
00
00
00
00

$433,735 00

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$20,207
125,000
36 .0 0 0
329,6 2 5
7 5.000

74
00
00
00
00

2
4
4-j
4i>4f

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

$ 1 ,3 72,455
2 5.000
10.000
40 ,0 0 0
123,627

24
00
00
00
77

R e a l E s t a t e f o e B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value,
N et income during year,
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

Rate

Amount.

5
5^
5-J5f
5-£

$ 1,100 00
107,693 00
15,000 00

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

.
.

.
.

.
.

.
.

.
.

.

.

.

.

.

Rate.

5 f per cent.
6 per cent.
6^ per cent.

$ 6 0 ,0 0 0
75 ,0 0 0
5 2 ,7 5 0
3 ,468

00
00
00
70

No. 8.]

BANK COMMISSIONER

33

Beverly Savings Bank — Concluded.
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

O t h e r w is e : —
.
.
.
.
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.
D e p o s it A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 1 9 0

.
.
6

.
.
.

,

.

$ 6 ,432 29
4 ,7 5 0 00

.

.

9,529

.

514,7 8 4 83
6 ,428

.

.
.
.

.

5 0 8 ,0 0 5 37
.
.

.

.

.

S t a t ist ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

of

688,6 6 7 88
671
130,085 66

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent.,
.
D ate

582

Y ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $5,781 88
$1,641 28
Percentage to total assets, .
. 00194
.0 0 0 5 5
fo r

1,391
852
8 ,2 3 0

.

.
.

.

.
.

Total.
$ 7 ,423 16
.0 0 2 4 9
$ 4 6 ,4 1 4 80
4 5 ,917 34

92 ,3 3 2 14

E x a m in a t io n , A p r il 16.

BLACKSTONE SAVINGS BANK — BOSTON.
L o u is A . F r o t h in g h a m , President.
A r t h u r E . R o b e r t s , Treasurer .
Ja m e s W . G r im e s , Clerk of the Corporation.

Investment Committee: H e n r y H . Sa v a g e , L o u is A . F r o t h in g h a m , E d w a r d A . Ca r l is l e ,
Jo h n E . W
Incorporated April 23, 1901.

elch ,

J o h n O ’H a r e .

Open for business every business day, 9

a .m .

to 1.15

p .m .

Deposits commence to draw interest the third Saturday of January, April, July and Oc­
tober. Dividends are payable M onday following third Saturday of April and
October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans on public funds,
Loans on railroad bonds,
Loans on real estate, .
Loans on personal security,
Premium account,
Furniture and fixtures,
State ta x account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

$7 ,0 0 0
1,296
3 0 ,4 2 5
12,900
57 ,0 0 0
103,420
5 ,0 0 0
2 ,612
1,326
201
15,302
1,582

00
00
74
00
00
00
00
63
44
66
19
56

$ 2 3 8,067 22

Deposits,
G uaranty fund, .
Interest account, .

$2 3 6 ,8 3 8 79
850 00
378 4 3

$238,067 22

34

[Pub. Doc

REPORT OF THE
Blackstone Savings Bank — Continued.

C a s h o n D e p o s it i n B a n k s , A m o u n t i n E a c h : —
New England Trust Company, Boston, .
Old Colony Trust Company, Boston,
.
.
.
Puritan Trust Company, Boston, .
.
.
.
First National Bank, Reading,
.
.
.
.

.
.
.

.
.
.

L o a n s o n P u b l ic F u n d s , A m o u n t o n E a c h : —
$13,000 City of Kennebec, M e. (W a te r District) 4s,
1.000 City of Malden, M ass., 4s,
.
.
.

.

.

.

.

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$10,0 0 0 New Y ork, New H aven & H artford R .R .
3 .0 0 0 Boston & Maine R .R . 4s, .
.
.
.
11.000 New Y ork, New H aven & H artford R .R .
1.000 New Y ork , New H a ven & H artford R .R .
10.000 New Y o rk , New H aven & H artford R .R .
6.000 Boston & Maine R .R . 4s, .
.
.
.
11.000 Northern Maine Seaport R .R . 4s,
.
8 .000 Boston & Maine R .R . 4s, .
.
.
.

S c h e d u l e o f S e c u r it ie s O w n e d .

$8,396
2,624
2,267
2,013

79
29
85
26

$ 12,000 00
900 00
$ 10,000 00

4s,
4s,
3-^s,
4s,
.
.
.
.

15,000 00
8 ,000
6,000
10,000
8 ,0 0 0

.
.
.

00
00
00
00

Par Value.

Estimated
Market Value.

$ 3,000
4 ,0 0 0

$3 ,0 5 0 00
4 ,1 0 0 00

$3 ,0 0 0 00
4 ,0 0 0 00

$ 7 ,0 0 0

$7 ,1 5 0 00

$7,0 0 0 00

$1,200

$ 1,428 00

$1,296 00

$5 ,0 0 0
2 ,000
2 ,000
3 ,0 0 0
10,000
2 ,000
1,000
6 ,0 0 0

$5 ,9 8 0
2 ,1 0 0
1,860
2 ,790
9 ,2 3 0
2 ,1 5 0
1,050
7 ,000

$ 5,000
2 ,000
1,880
2 ,850
9 ,6 9 5
2 ,000
1,000
6 ,0 0 0

Book Value.

P ublic Funds.
City of Chicago, 111., 4s,
.
Somersworth, N . H ., 4s,

.

.

.

Bank Stocks.
12 shares Metropolitan National Bank, B oston,.

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 34s, .
Illinois Central R .R . 34s,
.
.
.
.
N ew Y ork, N ew H aven & H artford R .R . 34s,
Portland & Ogdensburg R .R . 5s,
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 7s, .

.

$31,0 0 0

00
00
00
00
00
00
00
00

$32,1 6 0 00

00
00
00
00
74
00
00
00

$30,4 2 5 74

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$13,0 3 4 34
2 ,267 85

Rate.

Amount.

Rate.

2 per cent.
2^ per cent.

$110,870 00
2 8,950 00

5 per cent.
5^ per cent.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D EPOsiT A cco u n t s : —Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$12,000 00
26 ,5 0 0 00

Rate.

5 f per cent.
6 per cent.

1,234
.

$ 1 4 0,153 09
502

.

4 4 ,8 6 9 20
361
93
729

BANK COMMISSIONER.

N o. 8 .]

35

Blackstone Savings Bank — Concluded.
S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

d u r in g

Y ear,

.

.

.

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, .
$416 65
$1 ,2 5 3 81
Percentage to total assets, .
.0 0 1 7 5
.0 0 5 2 6
fo r

Y

34
.

of

$ 5 9 ,3 0 0 00
44

.

.

9 ,4 0 2 03

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

.

.

.
.

.
.

.

Total.
$ 1 ,670 46
.00701
$2,7 7 7 04
3,621 31

.

6 ,3 9 8 35

E x a m in a t io n , M a y 25.

BOSTON FIVE CENTS SAVINGS BANK — BOSTON.
A lo n zo H . E v a n s , President.
J o seph C. H o l m e s , Treasurer.
Jo se p h H . Ca n n e l l , Clerk of the Corporation.

Investment

Committee:
W

il l ia m

A lo n zo H . E v a n s , L e a n d e r B e a l , N a t h a n ie l
R . D u p e e , W ilm o t R . E v a n s , R o b er t F . H e r r ic k .

Incorporated April 7, 1854. Open for business every business day, 9
also Saturdays, for deposits only, 3 to 5 and 6 to 8 p . m .

a .m.

J.

R ust,

to 2

p . m .;

Deposits commence to draw interest the second W ednesday of January, April, July and
October. Dividends are payable the next day following the second W ednesday of
April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 5 ,8 0 1 ,5 0 0
320,2 0 0
3 ,9 6 5 ,0 0 0
4 6 0 .0 0 0
1 ,254,500
14,144,915
1 0 ,8 36,700
4 ,6 5 0
195.000
1,354
1 ,272,107
44 ,3 9 8

00
00
00
00
00
00
00
00
00
39
32
96

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .
Suspense account,
R en t account,

$ 3 8 ,3 0 0 ,3 2 5 67

C a sh o n D e p o sit in B a n k s , A m o u n t i n E ac h : —
City Trust Company, Boston,
.
.
.
.
Commercial National Bank, Boston,
Eliot National Bank, Boston,
.
.
.
.
Faneuil H all National Bank, Boston,
Mechanics Trust Company, Boston,
National Security Bank, Boston, .
.
.
.
National Shawmut Bank, Bos t on, .
.
.
.
Old Colony Trust Company, Boston,
Second National Bank, Boston,
.
.
.
.
W inthrop National Bank, Boston,
First National Bank, Malden,
.
.
.
.
Pynchon National Bank, Springfield (in liquidation),


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$35,4 6 4 ,4 3 2 55
1 ,763,520 05
1,008,165
56,791
4,839
2 ,5 7 7

05
18
09
75

$38,30 0 ,3 2 5 67

$2 8 0 ,5 5 4
25 ,4 6 5
33,977
3 3,614
6 ,508
7 8,522
7 8,998
30,791
468,061
185,434
50 ,0 0 0
180

22
43
02
06
40
93
09
43
19
37
00
18

REPORT OF THE

36

[Pub. Doc

Boston Five Cents Savings Bank — Continued.
Par Value.

S ch e d u le of Se c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3^s, .
.
.
.
.
.
Massachusetts 4Js , .
.
.
.
.
.
County of Middlesex, Mass., 4s,
City of Boston, Mass., 3-^s,
.
.
.
.
Boston, Mass., 4s,
.
.
.
.
Brockton, Mass., 4s,
.
.
.
.
Cambridge, Mass., 4s, .
Chelsea, Mass., 4s,
.
.
.
.
Chicago, 111., 4s,
.
.
.
.
D ayton, O . , 4s, .
.
.
.
.
Fall River, Mass., 3^s , .
.
.
.
Fall River, Mass., 4s, .
.
.
.
Haverhill, Mass., 4s,
.
.
.
.
Indianapolis, Inch, 4s,
Kansas City, M o., 4s, .
.
.
.
Kansas City, M o., 4-Js,
Lawrence, Mass., 4s, .
.
.
.
Lowell, Mass., 4s,
.
.
.
.
Lynn, Mass., 4s,
.
.
.
.
Malden, Mass., 4s,
.
.
.
.
Milwaukee, W is., 34s, .
.
.
.
Milwaukee, W is., 4s, .
.
.
.
Milwaukee, W is., 5s, .
New Bedford, M ass., 4s,
New Y ork , N . Y ., 3 £ s ,.
.
N ortham pton, Mass., 4s,
Quincy, Mass., 4s,
.
.
.
.
Somerville, Mass., 4s, .
Tow n of Beverly, Mass., 4s,
.
.
.
.
Cromwell, Conn., 3-Js,
Melrose, Mass., 4s,
.
.
.
.
Reading, Mass., 4s, .
.
.
.
Spencer, Mass., 4s,
.
.
.
.
W eym o u th , Mass., 4s,
N orth Attleborough, Mass. (Fire D istrict), 4s,
.
.
.
.
N orth Easton, Mass. (Fire District), 4s,

$ 1 4 8,000
100,000
80 ,0 0 0
820,0 0 0
665,0 0 0
247,0 0 0
150,000
7 6,000
509,0 0 0
250,0 0 0
120,000
225,0 0 0
126,000
248,0 0 0
250,0 0 0
100,000
150,000
6 0 ,000
130,000
10,000
137,500
353,0 0 0
146,000
100,000
100,000
2 3,000
18,000
169,000
7 1,000
16,000
40 ,0 0 0
2 0,000
5 ,000
50 ,0 0 0
4 9 ,0 0 0
40 ,0 0 0
$ 5 ,8 0 1 ,5 0 0

$ 1 4 8,990
100,000
8 0 ,8 0 0
800,6 0 0
6 79,602
254,1 1 5
156,750
77,500
512,635
2 55,500
119,100
229,6 2 5
127,125
255,440
257,500
105,000
153,950
6 0,800
130,600
10,000
134,750
359,677
152,570
101,500
93 ,0 0 0
2 3 ,230
18,180
171,340
71,710
15,760
4 1 ,400
2 0,500
5,087
5 0,000

00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
50
00

49 ,4 8 5 00
4 0,937 50

$ 1 4 8,000
100,000
8 0 ,0 0 0
8 2 0 ,0 0 0
665,0 0 0
2 4 7 ,0 0 0
150,000
7 6,000
5 0 9 ,0 0 0
2 5 0 ,0 0 0
120,000
2 2 5 ,0 0 0
1 26,000
2 4 8 ,0 0 0
2 5 0 ,0 0 0
100,000
150,000
60 ,0 0 0
130,000
10,000
137,500
353,0 0 0
1 46,000
100,000
100,000
23,0 0 0
18,000
169,000
71 ,0 0 0
16,000
4 0 ,0 0 0
2 0 ,0 0 0
5 ,000
5 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00

4 9 ,0 0 0 00
4 0 ,0 0 0 00

$5,8 6 4 ,7 6 0 00 $ 5 ,8 0 1 ,5 0 0 00

Bank Stocks.
130
62
47
168
200
517
50
1,000
365
113
400
50
100

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Boylston National Bank, Boston, .
Freemans National Bank, B o ston ,.
Merchants National Bank, B o sto n ,.
N a t’l Bank of Commerce, Boston, .
National Rockland Bank, Boston, .
National Shawmut Bank, Boston, .
National Union Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston,
W ebster & A tlas N ’l Bank, Boston,
W inth rop National Bank, Boston, .
First National Bank, Marlborough,
Third National Bank, Springfield, .

$13,0 0 0
6 ,200
4 ,700
16,800
2 0,000
5 1,700
5,000
100,000
3 6,500
11,300
40 ,0 0 0
5 ,000
10,000
$ 3 2 0,200

$13,000
7,130
9 ,870
2 6,880
3 4,000
141,141
9 ,0 0 0
223,000
54,385
16,724
110,000
6 ,250
2 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$ 6 7 1,380 00

$13,0 0 0
6 ,200
4 ,7 0 0
16,800
2 0 ,0 0 0
5 1,700
5 ,0 0 0
100,000
36 ,5 0 0
11,300
4 0 ,0 0 0
5 ,0 0 0
1 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$3 2 0 ,2 0 0 00

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
.
.
Boston, Clinton & Fitchburg R .R . 5s,
Boston & Lowell R .R . 4s,
.
.
Boston & Maine R .R . 4s,
.
.
Boston & Maine R .R . 4-|s,
.
.
Chicago, Burlington & Quincy R .R . 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.
.
.

.
.
.

$ 1 0 0,000
6 ,000
625,000
350,0 0 0
5 0,000
845,0 0 0

* A legal investm ent when m ade.

$94,5 0 0
6,180
636,031
360,000
56,250
853,225

00
00
25
00
00
00

$1 0 0 ,0 0 0
6 ,0 0 0
625,0 0 0
3 5 0 ,0 0 0
50 ,0 0 0
8 4 5 ,0 0 0

00
00
00
00
00
00

No. 8.]

BANK COMMISSIONER,

37

Boston Five Cents Savings Bank — Concluded.
Par Value.

S ch e d u le o p Se c u r it ie s O w n e d .

Railroad Bonds — Concluded.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3 fs ,
.
.
.
.
Manchester & Lawrence R .R . 4s,
New Y ork, New H aven & H artford R .R . 3Js,
N ew Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.

.

$165,000
200,0 0 0
174.000
100.000
500.0 0 0
8 5 0 .0 0 0
$ 3 ,9 65,000

Estimated
Market Value.

$166,9 6 2
184.000
176,610
91 ,5 0 0
5 0 5 .0 0 0
8 7 1 ,2 5 0

50
00
00
00
00
00

Book Value.

$165,000
2 0 0 ,0 0 0
174.000
100.000
500.0 0 0
8 5 0 .0 0 0

00
00
00
00
00
00

$ 4 ,0 0 1 ,5 0 8 75 $3,9 6 5 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
W e st E n d Street R ailw ay Co. 4s,

$ 2 3 5,000
225,0 0 0

$ 2 4 0,287 50
226,3 1 2 50

$23 5 ,0 0 0 00
2 2 5 ,0 0 0 00

$4 6 0 ,0 0 0

$4 6 6 ,6 0 0 00

$ 4 6 0,000 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$109,789
1 ,162,137
2,1 9 6 ,6 8 0
540.0 0 0
2 ,8 0 1 ,5 0 0
324.0 0 0
3 ,9 0 8 ,9 7 5
147.000

Rate.

52
62
18
00
00
00
00
00

2
2f
3f
3f
3f
3f
4
4f

per
per
per
per
per
per
per
per

Amount.

cent.
cent.
cent.
cent.
cent.
cent.
cent.
cent.

$ 1 ,9 70,300
2 00,000
51.000
100,000
100,000
3,380 ,2 0 0
45 .0 0 0
113,000

Rate.

00
00
00
00
00
00
00
00

R e a l E st a t e f o r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value,
.
.
'
.
.
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value,
.
.

or

.
.

4 f per cent.
4 .3 5 per ct.
4 f per cent.
4 § per cent.
4 .4 9 per ct.
4 f per cent.
4§ per cent.
4 f per cent.

G ross I n c o m e

r e c e iv e d

d u r in g

.

.

.

.

.

.

per
per
per
per
per
per
per
per

cent.
cent.
cent.
cent.
cent.
cent.
cent.
cent.

4 ,6 5 0 00
6 ,900 00
213,313
8 ,7 7 5 ,8 8 0 38
144,048

.
.
.

.
.
.

8 ,2 9 1 ,2 7 6 28
.
.
.

19,311
14,120
196,297
380
711,9 2 0 18
819

ear,

1 ,491,970 87

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$64,037 18
$22,7 1 6 61
Percentage to total assets,
.0 0 1 6 7
.0 0 0 5 9
for

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
.
October, 1906, I f per cent.,

.

D ate

and

of

4f
4£
5
5f
5f
5Î
5f
6

$1 9 5 ,0 0 0 00
3 0 0 .0 0 0 00
3 95.000 00

O t h e r w is e : —
.
.
.
.

.
.
.

Y

00
00
00
00
00
00
00
00

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n s e s

$4,0 7 5 ,2 0 0
350.0 0 0
3,5 2 7 ,9 5 0
8 ,100
820,9 0 0
1,152,190
150.000
274,300

Rate.

.
.

D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
.
.
.
.
Am ount of same,
D e p o sit A cco u n t s : —
Num ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

Amount.

E x a m in a t io n , S e p t e m b e r 18, 19


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total.
$86,7 5 3 79
.0 0 2 2 6
$5 5 6 ,3 7 0 78
565,7 9 5 66

20.

1 ,1 2 2,166 44

38

[Pub. Doc.

REPOET OF THE

BOSTON PENNY SAVINGS BANK — BOSTON.
Jo h n R e y n o l d s , President.
W il l ia m H . D u r k e e , Treasurer.
L o u is M . Cl a r k , Clerk of the Corporation.

Investment Committee:

Jo h n R e y n o l d s , A l b e r t H . H ig g in s ,
W il l ia m A . R u s t , R ich a r d W . H u s t e d .

Matthew

B in n e y ,

Incorporated March 9, 1861. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the second W ednesd ay of January, April, July and
October. Dividends are payable after second W ednesd ay of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
Bank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 0 ,0 0 0
130,000
1 0,000
4 ,1 1 5 ,8 7 5
2 ,0 2 9 ,7 5 0
8 0 ,0 0 0

00
00
00
00
00
00

4 ,2 0 0
1,965
59,123
21 ,9 2 5

00
68
59
02

$6,2 1 4 ,0 3 7 59
148,000 00
100,801 70

Deposits,
G uaranty fund, .
Interest account, .

$ 6 ,4 62,839 29

$6,4 6 2 ,8 3 9 29

C a s h o n D e p o sit i n B a n k s , A m o u n t in E ach : —
First National Bank, Boston,
.
.
.
.
National Bank of the Republic, Boston,
.
.

S c h e d u l e o f S e c u r it ie s O w n e d .

.
.

.
.

.
.

$30,819 95
28 ,3 0 3 64

Par Value.

Estimated
Market Value.

Book Value.

$10,000

$10,550 00

$ 1 0 ,0 0 0 00

$10,0 0 0
5 0,000
10,000
5 0,000
10,000

$10,300
46,6 2 5
10,250
4 6,625
10,200

$10,000
5 0,000
10,000
50 ,0 0 0
10,000

Public Funds.
City of Boston, Mass., 4s,

.

.

.

Railroad Bonds.
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-j-s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 4s,

00
00
00
00
00

00
00
00
00
00

$ 1 3 0,000

$ 1 2 4,000 00

$130,0 0 0 00

$10,0 0 0

$10,4 5 0 00

$ 1 0 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$ 59,123 59
279,5 0 0 00
50 ,0 0 0 00

2% per cent.
4L per cent.
4 f per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$3,9 6 2 ,3 7 5 00
350,0 0 0 00
1 ,106,850 00

Rate.

5

per cent.

5\ per cent.
5J per cent.

Amount.

Rate.

$ 1 4 0,000 00
256,9 0 0 00

5 f per cent.
6 per cent.

No. 8.]

39

BANK COMMISSIONER.
Boston Penny Savings Bank —

C on clu d ed .

R e a l E s t a t e fo r B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,

$80,0 0 0 00

100,000 00
66,200 00
867 47

D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

27,284
1 ,746,212 61
Ì5 ,1 4 9
1,064 ,5 9 5 54

D e p o s it A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

4,243
2,556
16,951

S t a t ist ic s of L o a n s : —
Num ber not exceeding $3,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d d u r in g

T otal E x p e n s e s

Y

530
3 11,179 91

fo r

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
October, 1906, 2 per c e n t , .
of

2 0 8 ,9 7 5 00
1

ear,

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$3 ,8 1 4 57
A m ount paid during year,
$17,764 72
Percentage to total assets,
. 00274
.0 0 0 5 9

D ate

95

Total.
$ 21,579 29
.0 0 3 3 3
$102,761 59
111,657 58

214,4 1 9 17

E x a m in a t io n , A p ril 23.

BRAINTREE SAVINGS BANK — SOUTH BRAINTREE.
B e n j a m in F . D y e r , President.
C. H a r r is o n H o b a r t , Treasurer.
C. H a r r is o n H o b a r t , Clerk of the Corporation.

Investment Committee:

B e n j a m in F . D y e r , L . B . H o l l is .

Incorporated March 21, 1870. Open for business every business day, 8 .3 0 a . m . to 12 m .,
2 to 4 .3 0 p . m ,, except W ednesdays, during June, July, August and September, 8 .3 0
a . m . to 12 m .; also M ondays, 6 to 7.30 p . m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
R ailroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Expense account,
Prem ium account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 2 5 ,0 0 0
13,200
157,647
23 .0 0 0
20 .0 0 0
10,000
194,263
1 00,070
37
100
11,147
203

00
00
50
00
00
00
00
00
74
00
09
20

$554,668 53

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$523,941 26
15,933 09
3 ,726 58
11,067 60

$ 5 5 4,668 53

KEPOKT OF THE

40

[Pub. Doc

Braintree Savings Bank — Continued.
C a s h o n D e p o sit i n B a n k s , A m o u n t in E a c h : —
National Shawmut Bank, B o ston ,.
.
.
.
National M t. W ollaston Bank, Quincy, .
.
.

.
.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

.
.

.
.

$ 8,755 25
2,391 84

Estimated
Market Value.

Book Value.

Public Funds.
County of Aroostook, Me., 4$s,
C ity of Boston, Mass., 4s,
.
Kansas City, M o., 4-Js,
T ow n of Braintree, M ass., 4s, .

.

.

.

.

.

.

$ 5,000
5 ,000
10,000
5 ,000
$25,0 0 0

$ 5 ,1 2 5
5 ,0 8 7
10,550
5 ,0 9 3

00
50
00
75

$25,8 5 6 25

$ 5 ,0 0 0
5 ,000
10,000
5 ,0 0 0

00
00
00
00

$ 2 5 ,0 0 0 00

Bank Stocks.
15
7
8
36
15
8
25
11

shares
shares
shares
shares
shares
shares
shares
shares

Freemans National Bank, Boston,
Merchants National Bank, Boston,
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
State National Bank, Boston,
W inth rop National Bank, Boston,
Brockton National Bank, Brockton,
Union National Bank, W eym o u th ,

.

$ 1,500
700
800
3 ,600
1,500
800
2 ,500
110
$11,510

$ 1,725
1,470
1,280
9 ,828
2 ,235
2 ,2 0 0
3 ,1 2 5
55

00
00
00
00
00
00
00
00

$21,9 1 8 00

$ 1,500
700
800
5 ,400
1,500
800
2 ,5 0 0

00
00
00
00
00
00
00
-

$13,2 0 0 00

Railroad Bonds.
Boston, Concord & Montreal R .R . 6s,
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 34s, .
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
Fitchburg R .R . 5s,
.
.
.
.
.
H annibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3^s,
.
.
.
.
Maine Central R .R . 4s, .
Maine Central R .R . 4^s,
.
.
.
.
Maine Central & European and N orth Am erican
R .R . 4s,
.
.
.
.
.
.
.
Michigan Central R .R . 3-§s,
.
.
.
.
N ew port & Richford R .R . 5s, .
N ew Y o rk & New England R .R . (term inal), 4s, .
N ew Y ork, New H aven & H artford R .R . 3^s, .
N ew Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
Penobscot Shore Line R .R . 4s,
.
.
.
Peoria & Northwestern R .R . 3£s,
Portsm outh, Great Falls & Conway R .R . 4-Js,
Princeton & Northwestern R .R . 34s,
U pper Coos R .R . 4-Js,
.
.
.
.
.
Verm ont V alley R .R . 5s,
W ashington County R .R . 3^s,
W orcester, Nashua & Rochester R .R . 4s, .

$ 5,000
5,000
3 ,000
10,000
5,000
13,000
1,000
4 ,000
10,000
2,000
3,000

$5,3 6 2
5 ,1 4 0
2 ,775
10,250
5,075
13,126
1,010
4 ,3 0 0
9 ,175
2 ,0 0 0
3 ,075

50
00
00
00
00
25
00
00
00
00
00

$5,0 0 0
5 ,000
3 ,0 0 0
10,000
5 ,0 0 0
13,000
1,000
4 ,0 0 0
9 ,637
2 ,000
3 ,000

00
00
00
00
00
00
00
00
50
00
00

5,000
5 ,000
5 ,000
5,000
5,000
20,000
10,000
5,000
8 ,000
5,000
2,000
10,000
5,000
3 ,000
5,000

5 ,075
4 ,7 0 0
5 ,100
5 ,650
4 ,6 0 0
2 0,125
10,350
5,112
7 ,520
5 ,5 5 0
1,880
10,700
5 ,150
2 ,700
5 ,125

00
00
00
00
00
00
00
50
00
00
00
00
00
00
00

5 ,0 0 0
4 ,800
5 ,000
5 ,0 0 0
4 ,7 0 0
2 0,000
10,000
5 ,000
7,750
5 ,000
1,940
10,000
5 ,0 0 0
2 ,8 2 0
5 ,0 0 0

00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00

$159,000

$ 1 6 0,626 25

$3,000
10,000
10,000

$ 3,075 00
10,900 00
10,225 00

$23,000

$ 2 4 ,2 0 0 00

$23,0 0 0 00

$20,000

$20,8 0 0 00

$20,0 0 0 00

$157,647 50

Street Railw ay Bonds.
Lowell, Lawrence & Haverhill St. R ailw ay Co. 5s,
L yn n & Boston Railroad Co. 5s,
W e s t E n d Street R ailw ay Co. 4s,

$3 ,0 0 0 0 0 *
10,000 0 0 *
1 0 ,000 00

Boston Term inal Com pany Bonds.
B o ston Terminal Company 3Js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal investm ents when m ade.

No. 8.]

41

BANK COMMISSIONER
Braintree Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.

Amount.

$11,147 09
45 .0 0 0 00
35 .0 0 0 00

Rate.

Amount.

Rate.

2 per cent.
4^ per cent.
4 f per cent.

$169,551 00
18,000 00
35,382 00

5 per cent.
5^ per cent.
6 per cent.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o sit A c co u n t s : —
Num ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.
.

Amount.

.
.

.
.
.

$1 ,4 0 0 00

.
.

.

.

.

.

.

.
.
.

.
.
.

.
.

.

.
.
.

G ross I n c o m e

r e c e iv e d

d u r in g

Y

ear,

.

.

.

.

$ 1 1 2 ,8 6 8 95
107,726 18

.

159,133 00

.
116

.

.

25,1 9 6 28

fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
of

per cent.

162
.
.

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, .
$700 00
$534 46
Percentage to total assets, .
. 0 0126
.0 0 0 9 6

D ate

1,705
.
1,318
.

7

260
166
1,531

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T otal E x p e n s e s

Rate.

.
.

.
.

Total.
$ 1 ,2 3 4 46
.0 0 2 2 2
$8 ,3 4 9 88
8 ,5 8 6 23

16,936 11

E x a m in a t io n , Ja n u a r y 8.

BRIDGEW ATER SAVINGS BANK — BRIDGEW ATER.
L a f a y e t t e K e it h , President.
Sa m u e l P. G a t e s , Treasurer.
G eo r g e M . H o o per , Clerk of the Corporation.

Investment Committee:

S a m u e l P. G a t e s , G u s t a v u s J. L o w e , E davard A . H e w i t t ,
P a u l O. Cl a r k , J o h n H . F a ir b a n k s .

Incorporated March 19, 1872.

Open for business every business day, 8
2 to 6 p .m .

a .m .

to 12.30

p . m .,

Deposits commence to draw interest the first day of January, April, July and OctoberDividends are payable the first day of April and October.
B a l a n c e S h e e t , O c t o b er 31, 1906.
L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on bank stocks,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
B ank building and fixtures,
Expense account,
Deposit in bank, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$70,0 0 0
50,241
194,880
4 0 ,0 0 0
4 00
339,2 7 8
104,807
14,700
9 ,7 1 8
1,142
1,785
2 ,5 0 6

00
75
00
00
00
79
56
00
61
24
87
74

$829,461 56

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,

$785,871 36
3 2 ,0 0 0 00
4 ,6 9 6 02
6 ,838 18
56 00

$829,461 56

42

REPORT OF THE

[Pub. Doc

Bridgewater Savings Bank — Continued.
C a sh o n D e p o s it i n B a n k : —
First National Bank, Boston,
L oan
5

.

.

.

.

B a n k S to cks : —
shares W achusett National Bank, Fitchburg,

.

.

.

$ 1,785 87

on

Sch edu le

or

S e c u r it ie s .O w n e d .

.

Par Value.

.

.

.

$400 00

Estimated
Market Value.

Book Value.

Public Funds.
City of Akron, 0 ., 4s,
Altoona, Pa., 4 s ,.
B a y City, Mich., 5s,
Chicago, 111., 4s,
.
.
.
D ayton, O., 5s, .
.
. . .
Kansas City, M o., 4s, .
Lewiston, M e., 5s,
.
.
.
New Bedford, M ass., 3^s,
Springfield, O ., 5s,
.
.
.

$5 ,0 0 0
10,000
10,000
15,000
5 ,000
5,000
5 ,000
5 ,000
10,000

.

$ 70,000

$5 ,0 0 0
10,100
10,900
15,150
5 ,350
5 ,150
5 ,550
4 ,8 2 5
10,900

00
00
00
00
00
00
00
00
00

$72,925 00

$5,0 0 0
10,000
1 0,000
15,000
5 ,0 0 0
5 ,000
5 ,000
5 ,0 0 0
10,000

00
00
00
00
00
00
00
00
00

$ 7 0 ,0 0 0 00

B ank Stocks.
13
44
10
15
55
20
10
20
6
69
10
22
60
22
25
8
36

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Abington National Bank, Abington,
B oylston National Bank, Boston,
Faneuil H all National Bank, Boston,
First National Bank, Boston,
Fourth National Bank, Boston,
Freemans National Bank, Boston,
Merchants National Bank, Boston,
National Rockland Bank, Boston,
National Security Bank, Boston,
National Shawmut Bank, Boston,
South E nd National Bank, Boston,
State National Bank, Boston, .
B,rockton National Bank, Brockton,
H om e National Bank, Brockton,
Blue H ill National Bank, Milton,
Plym outh National Bank, Plym outh,
Bristol County N a t’l Bank, Taunton,

.
.

.

.
.

$ 1,300
4 ,4 0 0
1,000
1,500
5,500
2 ,000
1,000
2 ,000
600
6 ,900
1,000
2,200
6,000
2 ,200
2 ,500
800
3 ,6 0 0
$ 4 4 ,5 0 0

$ 1,300
4 ,4 0 0
1,450
4 ,4 2 5
8 ,0 8 5
2 ,300
2 ,1 0 0
3 ,400
1,800
18,837
930
3 ,278
7 ,500
3 ,960
3 ,375
920
3 ,8 5 2

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$71,912 00

$ 1,300
5 ,546
1,000
1,500
5 ,875
2 ,0 0 0
1,000
2 ,770
600
10,350
1,000
2 ,200
6 ,000
2 ,000
2 ,500
800
3 ,600

00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$50,241 75

Railroad Bonds.
Bennington & Rutland R .R . 4£s,
Boston & Maine R .R . 4Js,
.
.
.
.
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Quincy R .R . 3%s, .
Fitchburg R .R . 4-Js,
.
.
.
.
.
Illinois Central R .R . 3Js,
.
.
.
.
Mahoning Coal Co. R .R . 5s,
Maine Central R .R . 7s, .
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew H aven & Northam pton R .R . 6s,
N ew York, New H aven & H artford R .R . 4s,
Northern Illinois R .R . 5s,
.
.
.
Northern Maine Seaport R .R . 5s,
Old Colony R .R . 4s,
.
.
.
Portland & R um ford Falls R .R . 4s,
Sioux City & Pacific R .R . 3^s,
T roy & Boston R .R . 7s,
U pper Coos R .R . 4^s,
.
i .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 5,000
10,000
5 ,000
27 ,0 0 0
5,000
10,000
5 ,000
2 0,000
5,000
10,000
40 ,0 0 0
5,000
10,000
10,000
5,000
6 ,000
5 ,000
10,000
$193,000

$5 ,2 0 0
11,250
5 ,500
2 4,975
5 ,200
9 ,2 0 0
5 ,900
2 3,200
5 ,800
10,500
4 0 ,9 0 0
5 ,150
11,150
10,400
5,100
5 ,5 8 0
6,900
10,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$202,605 00

$5,0 0 0
10,000
5 ,000
2 6,362
5 ,0 0 0
10,000
5 ,000
20 ,0 0 0
5 ,0 0 0
10,000
4 0 ,0 0 0
5 ,0 0 0
10,000
10,000
5 ,000
5 ,655
7 ,862
10,000

00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
00

$194,880 00

No. 8.]

43

BANK COMMISSIONER.
Bridgewater Savings Bank — Concluded.
Estimated
Market Value.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Book Value.

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
L ynn & Boston Railroad Co. 5s,
Merrimac V alley Street R ailw ay Co. 5s,
W e st E nd Street R ailw ay Co. 4s,

$5 ,1 1 2
10,900
15,225
10,200

$5 ,0 0 0
10,000
15.000
10.000

.

50
00
00
00

$5,0 0 0
10,000
15.000
10.000

$ 4 0 ,0 0 0 00

$41,437 50

$ 4 0 ,0 0 0

00
00 *
00*
00

* Legal investments when m ade.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$ 3,858 93
1,785 87
9 ,5 0 0 00

Rate.

0
2
4

Rate.

Amount.

4 £ per cent.
5 per cent.
5 f per cent.

$114,327 42

Amount.

per cent.
per cent.
per cent.

$39,500 00
267,300 00
10,000 00

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

.

O t h e r w is e : —
.
.
.
.
.

d u r in g

11,200 00
2,131
139,754 86
’ 1,839
138,783 62
290
220
2 ,490

Y

2 2 7 ,6 2 7 42
199
4 0,155 6 2

fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
October, 1906, 2 per cent., .
of

235
'

ear,

Y e a r ( e x c l u s iv e of T a x e s ) : —
Other Expenses.
Salaries.
A m ount paid during year,
. $1 ,9 5 0 00
$725 87
.0 0 0 8 7
Percentage to total assets, .
. 00235

D ate

61
00
00
40

14,700 00

.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

per cent.

or

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

G ro ss I n c o m e

6

$ 9,718
9 .0 0 0
7 .000
786

.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

T o ta l E x p e n s e s

Rate.

E x a m in a t io n , S e p t e m b e r 7.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total.
$2,6 7 5 87
.0 0 3 2 2
$ 12,830 65
14,925 66

2 7,756 31

44

REPORT OF THE

[Pub. Doc

BRIGHTON FIVE CENTS SAVINGS BANK — (Ward 25),
BOSTON.
N. W

arren

S a n b o r n , President.
E d w a r d D . B l is s , Treasurer.
E d w a r d D . B l is s , Clerk of the Corporation.

Investm ent Committee: N . W

a r r e n S a n b o r n , B e n j a m in M . F is k e , W
F r a n k G . N e w h a l l , G r a n v il l e A . F u l l e r .

ebster

F. W

arren,

Incorporated March 28, 1861. Open for business every business day except Saturdays,
9 a . m . to 12 m ., 2 to 4 p . m . ; Saturdays, 9 a . m . to 12 m ., and for deposits only, 7 to 9 p . m .
D eposits commence to draw interest the first Saturday of January, April, July and
October. Dividends are payable the first Saturday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loan on bank stocks,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Bank building and fixtures,
Expense account,
T axes paid on m ortgaged properties, .
.
.
.
.
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$1 2 6 ,0 0 0
11,700
353,0 9 7
10,500
20 ,0 0 0
3 ,500
828,307
231,475
8 ,000
10,000
1,738

00
00
50
00
00
00
00
00
00
00
00

$1,5 4 1 ,2 5 9 32
4 6 ,0 0 0 00

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .
R en t account,
Due on mortgage
loans,

10,456 35
2 7 ,170 41
891 97
7,956 25

47 40
2 4 ,483 07
4 ,8 8 6 33
$ 1 ,6 3 3 ,7 3 4 30

C a sh o n D e p o sit in B a n k : —
National Market B ank of Brighton, Boston,

.

$1,6 3 3 ,7 3 4 30

.

.

L o a n o n B a n k Sto cks : -—50 shares National Market Bank of Brighton, Boston,

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

.
.

.
.

$24,4 8 3 07
.

Estimated
Market Value.

$3 ,5 0 0 00

Book Value.

P ublic F unds.
C ounty of Aroostook, M e., 4-|s,
C ity of Belfast, Me., 4s,
.
Boston, Mass., 34s,
.
Boston, M ass., 4s,
.
Bridgeport, Conn., 4s,
Brockton, Mass., 4s,
Central Falls, R . I., 4s,
Chelsea, Mass., 4s,
.
Chicago, 111., 4s,
.
Chicopee, Mass., 4s,
.
Everett, Mass., 4s,
.
Kansas City, M o., 44s,
Newton, Mass., 4s,
St. Joseph, M o., 34s,
Tow n of W inchester, M ass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.

.
.
.
.

$ 5,000
10,000
10,000
5 ,000
5 ,000
5,000
5,000
2 ,000
10,000
5,000
5,000
2 5,000
10,000
2 0,000
4 ,0 0 0
$126,000

$ 5 ,175
10,225
9 ,7 0 0
5 ,150
5 ,150
5,047
5 ,050
2 ,020
10,100
5 ,155
5 ,162
26,2 5 0
10,450
19,200
4 ,0 8 0

00
00
00
00
00
50
00
00
00
00
50
00
00
00
00

$127,915 00

$ 5 ,0 0 0
10,000
10,000
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,000
2 ,000
10,000
5 ,000
5 ,000
2 5,000
10,000
2 0,000
4 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 2 6,000 00

No. 8.]

BANK COMMISSIONER.

45

Brighton Five Cents Savings Bank — Continued.
S c h e d u l e o p S e c u r it ie s O w n e d .

jBank

15
6
14
10
10
30
3
2
13
12
10
4

ParValue- i Ma“

lue. | Book Value.

Stocks.

shares Eliot National Bank, Boston,
shares First National Bank, Boston,
shares Freemans National Bank, Boston,
shares Merchants National Bank, Boston,
shares Metropolitan N a t’l Bank, Boston,
shares N a t’l Market B ’k of Brighton, Boston,
shares Old Boston National Bank, Boston, .
shares Second National Bank, Boston,
shares State National Bank, Boston, .
shares Trem ont National Bank, Boston,
shares W ebster & A tlas National B ’k, Boston,
shares Union Market N a t’l B ’k, W atertow n,

$ 1,500
600
1,400
1,000
1,000
3 ,000
300
200
1,300
420
1,000
400

$3 ,0 0 0
1,770
1,610
2 ,100
1,190
3 ,120
330
446
1,937
12
1,480
540

00
00
00
00
00
00
00
00
00
00
00
00

$ 1,500
600
1,400
1,000
1,000
3 ,000
300
200
1,300

00
00
00
00
00
00
00
00
00

1,000 00
400 00

$12,120

$17,535 00

$11,700 00

$16,0 0 0
10,000
30 ,0 0 0
7,000
2 5 ,000
10,000
15,000
10,000
10,000
10,000
3 2 ,000
4 ,0 0 0
5 ,000
10,000
2 0 ,000
16,000
1,500
6,000

$15,120
10,100
3 0,330
7,210
23,125
10,250
14,250
10,100
10,100
9 ,500
3 2,350
4 ,160
5,050
9 ,200
2 0,500
16,080
1,582
6,960

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00

$16,000
10,000
3 0,000
7 ,000
2 4,000
10,000
15,000
9,997
10,000
10,000
3 3,000
4 ,000
5 ,000
9 ,800
2 2,000
16,000
1,500
6,000

00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00

10,000
500
2 0,000
10,000
9 ,0 0 0
2 0,000
10,000
10,000
10,000
5,000
5,000

10,200
560
18,300
10,050
9 ,285
2 0,200
11,100
13,800
9 ,0 0 0
6 ,250
5,125

00
00
00
00
00
00
00
00
00
00
00

10,000
500
2 0,000
10,000
9 ,000
2 1,000
10,000
14,000
9 ,300
5 ,000
5,000

00
00
00
00
00
00
00
00
00
00
00

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
.
.
.
.
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3Js,
Concord & Montreal R .R . 4s, .
D exter & Piscataquis R .R . 4s,
Erie & Pittsburgh R .R . 3^s,
Fitchburg R .R . 4s,
Fitchburg R .R . 4£s, »
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3-jS,
.
.
.
.
Illinois Central R .R . 4s, .
Maine Central R .R . 4s, .
Maine Central R .R . 5s, .
Maine Central R .R . 7s, .
Maine Central & European and North American
R .R . 4 s , .........................................................................
Menominee Extension R .R . 7s,
N ew Y ork , New H aven & H artford R .R . 3£s, .
N ew Y ork, New H aven & Hartford R .R . 4s,
Old Colony R .R . 4s,
Penobscot Shore Line R .R . 4s,
Portsm outh, Great Falls & Conway R .R . 44s, .
T roy & Boston R .R . 7s,
.
.
.
.
W ashington County R .R . 3^s,
W in o n a & St. Peters R .R . 7s, .
W orcester, Nashua & Rochester R .R . 4s, .

$ 3 4 7,000

$349,837 50

$10,0 0 0

$ 10,900 00

$10,500 0 0 *

$20,0 0 0

$20,8 0 0 00

$20,000 00

$353,097 50

Street Railway Bonds.
L yn n & Boston Railroad Co. 5s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3-Js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* A legal investm ent when m ade.

46

REPORT OF THE

[Pub. Doc.

Brighton Five Cents Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$24,483 07
10,000 00
71 ,2 0 0 00

Rate.

Amount.

2 per cent.
4 f per cent.
4^- per cent.

Rate.

$40,0 0 0 00
815,4 0 2 00
47 ,2 0 0 00

R e a l E st a t e fo r B a n k in g P u r p o se s
Am ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.

Amount.

4 f per cent.
5 per cent.
5 ? per cent.

:—
.
.
.

.
.
.

$10,0 0 0 00
54 ,4 8 0 00
15,000 00

Rate

5 f per cent.
6 per cent.
6 f per cent.

.
.
.

$10,000 00
10,000 00
9 ,5 0 0 00

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
.
.
.
A m ount of same,
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.

7,887
.

.

321,485 21
4, 579

.
.
.
.

,

8 ,0 0 0 00
11,100 00
63 73

.

' .

.
.
.

285,6 8 6 63
814
562
5 ,866

.
.
.

.

.

S t a t is t ic s of L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
A m ou n t of same,
.
.
.
.
.
.
N um ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

7 0,976 56

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
.
July, 1906, I f per cent.,
D ate

of

323,8 9 0 00
299

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $4,1 8 2 31
$ 1 ,007 05
Percentage to total assets, .
. 002 5 5
.0 0 0 6 2
for

218

.
.

.
.

.
.

Total.
$ 5,189 36
.0 0 3 1 7
$ 2 4 ,0 9 8 76
•24,777 01

48 ,8 7 5 77

E x a m in a t io n , F e b r u a r y 4.

BRISTOL COUNTY SAVINGS BANK — TAUNTON.
E zra D a v o l , President.
A l f r e d C. P l a c e , Treasurer.
A l f r e d C. P l a c e , Clerk of the Corporation.

Investment Committee:

S il a s D . P r e s b r e y , E zr a D a v o l , W
E v e r e t t D . G o d f r e y , E d w in A . T h o m a s .

il l ia m

H.

Fox,

Incorporated March 2, 1846. Open for business every business day except Saturdays,
9 a . m . to 1 p . m .; Saturdays, 9 a . m . to 4 p . m .
Deposits commence to draw interest the first day of.Jan uary, April, July and October.
Dividends are payable the first day of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.1

BANK COMMISSIONER

47

Bristol County Savings Bank — Coutinued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b i l i t i e s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds, .
Boston Terminal Company bonds,
Loan on public funds,
Loans on bank stocks,
Loan on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 ,1 4 0 ,0 0 0
185,400
1,245 ,0 0 0
50 .0 0 0
2 0 0 ,0 0 0
6 ,2 0 0
2 ,100
50 .0 0 0
2 0 1 ,0 0 0
1,256 ,9 4 0
1,647 ,2 5 0
2 5 .0 0 0
775
61,251
5,671

00
00
00
00
00
00
00
00
00
00
00
00
03
75
90

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

$ 6 ,0 7 6 ,5 8 8 68

L o an s
7
10
10
8

4 6 ,1 5 4 75
27 ,7 7 0 94

$6,0 7 6 ,5 8 8 68

C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
First National Bank, Boston,
.
National Exchange Bank, Boston,
Bristol County National Bank, Taunton,
L o an o n P u b l ic F u n d s : —
$10,0 0 0 City of Boston, M ass., 4s,

$ 5 ,7 1 2 ,6 6 2 99
2 9 0 ,0 0 0 00

$30,151 57
8,471 12
2 2,629 06

.

$ 6,200 00

B a n k St o c k s , A m o u n t o n E a c h : —
shares Taunton National Bank, Taunton, .
shares Taunton National Bank, Taunton, .
shares First National Bank, N ew Bedford,
shares Mechanics National Bank, N ew Bedford,
on

$400 00
700 00

1,000 00

L o a n o n R a il r o a d B onds : —
.
$55,0 0 0 Fitchburg R .R . 4s, .

S c h e d u l e o f S e c u r it ie s O w n e d .

$ 5 0 ,0 0 0 00

Par Value.

Estimated
Market Value.

Book Value.

P ublic Funds.
Massachusetts 3 ^ s ,.
City of Boston, M ass., 4s,
Brockton, Mass., 4s,
Brockton, Mass., 5s,
Chelsea, Mass., 4s,
Chicago, 111., 4s,
Columbus, O., 4s,
D ayton, O., 4s, .
Detroit, Mich., 4s,
Gloucester, Mass., 4s, .
Haverhill, Mass., 4s,
H olyoke, M ass., 4s,
Kansas City, M o., 4s, .
Kansas City, M o., 4Js,
Malden, Mass., 4s,
Manchester, N . H ., 4 s ,.
Minneapolis, Minn., 4s,
New Bedford, Mass., 34s,
New Bedford, Mass., 4s,
New London, Conn., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
2 5,000
30 ,0 0 0
5 ,000
5 0,000
100,000
3 0,000
50,0 0 0
5 0,000
25 ,0 0 0
5 0,000
5 0,000
25 ,0 0 0
2 5,000
5 0,000
25 ,0 0 0
25 ,0 0 0
15,000
35 ,0 0 0
3 0 ,0 0 0

A legal investm ent when made.

$ 5 0 ,0 0 0
2 5 ,2 5 0
3 0 ,2 0 0
5 ,1 5 0
5 0 ,0 0 0
100,500
3 0 ,0 0 0
5 0 ,5 0 0
5 2 ,0 0 0
2 5 ,0 0 0
51 ,0 0 0
50 ,0 0 0
2 5 ,0 0 0
2 6 ,2 5 0
5 0 ,0 0 0
2 5 ,2 5 0
2 5 ,2 5 0
1 4,400
3 5 ,7 0 0
3 0 ,6 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 5 0 ,0 0 0
2 5 ,0 0 0
3 0 ,0 0 0
5 ,0 0 0
5 0 ,0 0 0
100,000
3 0 ,0 0 0
50,0 0 0
50,0 0 0
2 5 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
2 5 ,0 0 0
2 5 ,0 0 0
50 ,0 0 0
25 ,0 0 0
25 ,0 0 0
15,000
35 ,0 0 0
3 0 ,0 0 0

00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00

[Pub. Doc

REPORT OF THE

48

Bristol County Savings Bank — Continued.

Public Funds — Concluded.
City of Newport, R . I., 4s,
.
.
Newton, Mass., 4s,
Pawtucket, R . I., 4s, .
.
Portsmouth, N . H ., 4s,
Providence, R . I., 3s, .
Somerville, Mass., 4s, .
.
Springfield, O., 4^-s,
.
.
Taunton, Mass., 4s,
W oonsocket, R . I., 4s,
Tow n of Cranston, R . I., 4s, .
.
Rockland, Mass., 4s,
.

Estimated
Market Value.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

' .
.

.

.
.

.
.

.

.
.

$50,0 0 0
5 1 ,0 0 0
2 0 ,0 0 0
2 5 ,0 0 0
4 5 ,0 0 0
10,000
2 0 ,4 8 0
5 0 ,9 0 0
5 0,500
50 ,0 0 0
2 0 ,0 0 0

$ 50,000
5 0,000
20,0 0 0
25,0 0 0
5 0,000
10,000
20 ,0 0 0
5 0,000
5 0,000
50 ,0 0 0
2 0 ,000
$1,1 4 0 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00

Book Value.

$50,0 0 0
50 ,0 0 0
20 ,0 0 0
25 ,0 0 0
5 0 ,0 0 0
1 0,000
2 0 ,0 0 0
5 0 ,0 0 0
50 ,0 0 0
50 ,0 0 0
2 0 ,0 0 0

00
00
00*
00
00
00
00
00
00*
00*
00

$ 1 ,1 4 4 ,9 3 0 00 $1,1 4 0 ,0 0 0 00

Bank Stocks.
100
50
100
31
150
100
100
100
100
50
100
100
100
108
25
15
100
100
150
200

shares Atlantic National Bank, Boston,
shares Boylston National Bank, Boston,
shares Faneuil H all National Bank, Boston,
shares Freemans National Bank, Boston,
shares Merchants National Bank, Boston, .
shares Metropolitan N a t’l Bank, Boston,
shares N a t’l Bank of Commerce, Boston,
shares N a t’l Bank of the Republic, B o sto n ,.
shares National Exchange Bank, Boston, .
shares National Rockland Bank, Boston,
shares National Union Bank, Boston,
shares Peoples National Bank, Boston,
shares Second National Bank, Boston,
shares State National Bank, Boston, .
shares Tremont National Bank, Boston,
shares First N ’l B ’k of Easton, N orth Easton,
shares Third National Bank, Springfield,
shares Bristol County N a t’l Bank, Taunton,
shares Machinists National Bank, Taunton,
shares Taunton National Bank, Taunton, .

$10,0 0 0
5,000
10,000
3 ,100
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,800
875
1,500
10,000
10,000
15,000
2 0 ,000

$14,5 0 0
5 ,000
14,500
3 ,5 6 5
31 ,5 0 0
11,900
16,000
16,500
16,000
8 ,500
18,000
13,200
22 ,3 0 0
16,092
25
1,500
2 0,000
10,700
21 ,0 0 0
20 ,4 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$10,0 0 0
5 ,000
1 0,000
3 ,1 0 0
15,000
1 0,000
10,000
10,000
1 0,000
5 ,0 0 0
10,000
10,000
10,000
10,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
-

1,500
1 0,000
10,000
15,000
2 0,000

00
00
00
00
00

$186,275

$281,1 8 2 00

$185,400 00

$75,000

$70,5 0 0 00

$75,0 0 0 00

50,000
40 ,0 0 0
5 0,000
5 0,000
50,000
50,000
100,000
100,000
100,000
50,000
5 0,000
2 5,000
25,000
5 0 ,000
150,000
150,000
5 0,000
3 0,000

51 ,5 0 0
4 0 ,0 0 0
47 ,5 0 0
5 1,000
51 ,0 0 0
4 6 ,0 0 0
102,500
101,000
95 ,0 0 0
50,5 0 0
46,0 0 0
2 5,000
25 ,5 0 0
4 6 ,0 0 0
152,000
154,500
5 0 ,500
30 ,6 0 0

5 0 ,000
4 0 ,0 0 0
5 0,000
50 ,0 0 0
50,0 0 0
50 ,0 0 0
100,000
100,000
100,000
50,0 0 0
50 ,0 0 0
2 5 ,0 0 0
25 ,0 0 0
5 0,000
150,000
150,000
5 0 ,0 0 0
3 0 ,0 0 0

Railroad Bonds.
Boston & A lban y R .R . 3^s,
.
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5s,
.
.
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3^s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Boston & Providence R .R . 4s , .
.
.
.
Chicago, Burlington & Quincy R .R . 31s, .
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
.
.
.
Fitchburg R .R . 3 j-s,
.
.
.
.
.
Fitchburg R .R . 4s,
Illinois Central R .R . 31s,
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 41s,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 31s, .
N ew Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
Portland & Ogdensburg R .R . 5s,
W orcester, Nashua & Rochester R .R . 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,2 4 5 ,0 0 0

* Legal investm ents when m ade.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,2 3 6 ,6 0 0 00 $ 1 ,2 4 5 ,0 0 0 00

BANK COMMISSIONER.

No. 8.]

49

Bristol County Savings Bank — Concluded.
S ch e d u le o f Se c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

Book Value.

$50,0 0 0

$51,5 0 0 00

$50,0 0 0 00

$2 0 0 ,0 0 0

$2 0 8 ,0 0 0 00

$ 2 0 0,000 00

Street R ailw ay Bonds.
W e s t E nd Street R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3Js,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$38,622
22,629
30 .0 0 0
150,000
4 0 .0 0 0
10.000

Rate.

69
06
00
00
00
00

2
2f
3f
3J4
4f

per
per
per
per
per
per

Amount.

cent.
cent.
cent.
cent.
cent.
cent.

$25,000
354,9 0 0
424,3 0 0
2 5.000
1,176,630
2 5.000

Rate.

00
00
00
00
00
00

4 § per
4| per
4 f per
4-J per
5 per
5£ per

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
.
D e p o s it s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A c co u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

cent.
cent.
cent.
cent.
cent.
cent.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

of

5}
5^
5f
6

.
.

per
per
per
per

cent.
cent.
cent.
cent.

$ 2 5 ,0 0 0 0 0
3 0 ,0 0 0 00
31,5 0 0 0 0
.

10,839

.

783,3 7 8 41
’ 9 ,3 1 7

.

.
.
.

.
.
.
.

8 0 7 ,0 1 5 21
.
.
.

1,388
1,121
12,585
426
543,935 0 0
493

ear,

262,9 8 6 02

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

00
00
00
00

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 9,733 30
$728 24
Percentage to total assets, .
.0 0 1 6 0
.0 0 0 1 2
for

$ 69,800
156,615
152,000
5 24,245

Rate.

.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
.
.
.
.
.
.
A m ount of same,
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

Amount.

E x a m in a t io n , J u n e 21

and

.
.

.
.

.
.

Total.
$10,461 54
.0 0 1 7 2
$107,5 3 8 19
109,159 23

2 16,697 4 2

22.

BROADW AY SAVINGS BANK — LAW REN CE.
W

il l ia m

F . R u t t e r , President.
C l in t o n O . A n d r e w s , Treasurer.
C l in t o n O . A n d r e w s , Clerk of the Corporation.

Investm ent Committee: W

il l ia m F. R u t t e r , L a n g d o n E . L o c k e , G e o r g e C. C o r l e s s ,
A l b e r t S. L a n g , W il l ia m E . H e a l d .

Incorporated March 9, 1872. Open for business every business d ay except Saturdays,
9 a . m . to 1 p .m .; Saturdays, 9 a . m . to 12 m ., 2 to 3 and 7 to 8 p . m .
D eposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesday of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

50

[Pub. Doc

Broadway Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
. . .
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$ 2 2 9,400
5 7,800
364,1 2 5
23 .0 0 0
13,350
8 ,000
2 ,2 1 5 ,1 1 0
668,0 5 0
4 4 .0 0 0
360
13,242
5 ,0 0 0
2 ,5 8 4

00
00
00
00
00
00
00
00
00
26
70
00
34

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest a ccou n t,.

$3,4 7 2 ,6 0 4 89
133,500 00
25 ,0 0 0 00
12,917 41

$ 3 ,6 4 4 ,0 2 2 30

$ 3 ,6 4 4 ,0 2 2 30

Ca sh o n D e p o sit i n B a n k s , A m o u n t i n E a c h : —
National Shawmut Bank, B oston,.
Lawrence National Bank, Lawrence,
L o an s
10
3
29
9
90
2
30
4
10

$11,884 39
6,358 31

o n B a n k St o c k s , A m o u n t o n E a c h : —
shares Merchants National Bank, Lawrence,
shares B a y State National Bank, Lawrence,
shares Lawrence National Bank, Lawrence,
shares National B ank of Methuen, Methuen,
shares Methuen National Bank, Methuen, .
shares Beverly National Bank, Beverly,
shares Lawrence National Bank, Lawrence,
shares National B ank of the Republic, Boston,
shares Lawrence National Bank, Lawrence,

$5,000 0 0 *
5,000 00
2 ,500 00
850 00

* This loan, in excess of the legal lim it, has since been reduced.

Par Value-

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public F unds.
County of Aroostook, M e., 4-Js,
City of Chicago, 111., 4s,
.
E ast Providence, R . I., 4s,
Fort W a y n e, Ind., 3^-s,
Lawrence, Mass., 4s, .
Lynn, M ass., 4s,
.
Peoria, 111., 4-J-s, . .
Saginaw, Mich., 3^s,
.
Tow n of F t. Fairfield, Me., 4-Js,
Marlborough, Mass., 4s,
Methuen, Mass., 4s, .
W akefield, Mass., 3£s.

.

.

.

.
.

.
.

.
.

.

.

.

.

$10,000
75,000
5 5,000
2 0,000
10,000
15,000
18,000
2,400
7,000
5 ,000
10,000
2,000
$229,4 0 0

$ 10,250
75,843
5 5 ,550
19,600
10,212
15,206
18,000
2,364
7,070
5,018
10,100
2 ,000

00
75
00
00
50
25
00
00
00
75
00
00

$231,215 25

$10,0 0 0
75 ,0 0 0
5 5 ,000
2 0 ,000
10,000
15,000
18,000
2 ,400
7 ,0 0 0
5 ,000
10,000
2 ,0 0 0

00
00
00*
00
00
00
00
00 *
00
00
00
00

$229,4 0 0 00

Bank Stocks.
50
100
140
5

shares
shares
shares
shares

First National Bank, Boston, .
National Bank of Commerce, Boston,
National Shawmut Bank, Boston,
State National Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
10,000
14,000
500

* Legal investm ents when made.

$14,750
16,000
38,220
745

00
00
00
00

$5 ,0 0 0
10,000
2 1,000
500

00
00
00
00

BANK COMMISSIONER

No. 8.]

51

Broadway Savings Bank — Continued.
S c h e d u le o p S e c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

$ 2,500
4 ,800
14,000

$ 3,700 00
7,360 00
16,100 00

$2 ,5 0 0 00
4 ,8 0 0 00
14,000 00

$50,8 0 0

$ 96,875 00

$ 5 7 ,8 0 0 00

$25,000
10,000
1,000
5 0,000
20,000.
5 0,000
2 5,000
5 0,000
2 5,000
7 5,000
25 ,0 0 0
20 ,0 0 0

$ 21,250
10,250
1,120
51,000
2 0,500
50,750
2 0,000
4 6,250
2 3 ,250
76,125
2 5 ,875
18,000

$ 2 3 ,7 5 0
1 0,000
1,000
5 0 ,0 0 0
20 ,0 0 0
50 ,0 0 0
2 0,875
4 6 ,0 0 0
2 3 ,650
75 ,0 0 0
2 5 ,0 0 0
18,850

Bank Stocks — Concluded.
25 shares W ebster & N a t’l Bank, Boston,
64 shares B a y State National Bank, Lawrence,
140 shares Lawrence National Bank, Lawrence,

Book Value.

Railroad Bonds.
Boston & Maine R .R . 3s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Boston & Providence R .R , 4 s ,.
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 3£s,
N ew Y ork , New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
W ashington County R .R , 3^s,

.

00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00

$36 4 ,1 2 5 00

$376,000

$ 3 6 4,370 00

$18,000
5 ,0 0 0

$18,4 0 5 00
5 ,050 00

$ 1 8 ,0 0 0 00
5 ,0 0 0 0 0 *

$23,0 0 0

$23,4 5 5 00

$ 2 3 ,0 0 0 00

Street R ailw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
Merrimac Valley Street R ailw ay Co. 5s,

.

* A legal investm ent when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$11,8 8 4
1,358
8 ,0 0 0
7 ,5 0 0
8 8 2 ,7 7 5

Amount.

Rate.

39
31
00
00
00

2 per
3 per
4 per
4rJ per
4 j per

cent.
cent.
cent.
cent.
cent.

$174,300
1,538,735
2 5.000
6 0.000
118,275

Rate.

00
00
00
00
00

4f
5
5£
5-j5Î

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ou n t invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.

.
.
.
.

D e p o s it s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number O ct. 31, 1906,

.
.
.

.

per
per
per
per
per

.

.

.

.

.

.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y ear,

.

.

12,896

.

’ 6 ,5 3 0

.

.

00
00
00
33

957,141 16
774,950 89

.

S t a t is t ic s of L o a n s : —
N um ber not exceeding $3,0 0 0 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

.
.

.

5 f per cent.
6 per cent.
7 per cent.

$ 4 4 ,0 0 0
4 4 ,0 0 0
28 ,0 0 0
135

.
.
.
.

.

.

Rate.

$25,7 0 0 00
6 3,325 00
9 00 00

cent.
cent.
cent.
cent.
cent.

.
.
.
.

.
.

Amount.

.

1,985
1,402
7,460

.

402
6 28,665 00
583

.

157,992 16

52

REPORT OF THE

[Pub. Doc

Broadway Savings Bank — Concluded.
T o ta l E x p e n s e s

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 3 ,996 60
$1 ,6 7 0 74
Percentage to total assets, .
.0 0 1 0 9
.0 0 0 4 6
fo r

Y

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
.
October, 1906, 2 per cent., .
.
.
D ate

of

.
.

.
.

Total.
$ 5,667 34
.0 0 1 5 5
$61,5 5 9 71
64 ,2 2 6 90

$ 1 2 5,786 61

E x a m in a t io n , F e b r u a r y 20.

BROCKTON SAVINGS BANK — BROCKTON.
B a a l is S a n d f o r d , President.
C h a r l e s C. Cr o o k e r , Treasurer.
C h a r l e s C. Cr o o k e r , Clerk of the Corporation.

Investment Committee:

B a a l is S a n d f o r d , B r a d fo r d E . J o n e s , E d w a r d M . T h o m p so n ,
F . B . H o w ard , F red H . Pac k ar d .

Incorporated March 3, 1881. Open for business every business day except Saturdays,
9 a . m . to 2 p . m .; Saturdays, 9 a .m . to 12 m .
Deposits commence to draw interest the fifteenth day of January, April, July and Oc­
tober. Dividends are payable the fifteenth day of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

A sse ts

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loans on bank stocks,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
Premium account,
Taxes paid on m ortgaged properties,
.
.
.
.
.
Deposits in banks, on interest,
Deposits in banks, not on interest,
Insurance account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$420,900
2 6 ,000
818,862
100,000
5,200
1,707,764
1 ,136,375
2 6,643
88 ,0 0 0
704
3 ,5 0 0

00
00
50
00
00
50
00
30
00
74
00

857
4 8 ,9 0 0
202
1,565
8,136

78
00
65
98
04

$4,3 9 3 ,6 1 2 49

C a sh on D e p o sit in B a n k s , A m o u n t i n E ach : —
Eliot National Bank, Boston,
City Trust Company, Boston,
Brockton National Bank, Brockton,
H om e National Bank, Brockton, .
L o a n s o n B a n k S t o c k s , A m o u n t o n E ac h : —
50 shares H om e National Bank, Brockton,
5 shares H om e N ational Bank, Brockton,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .
R ent account,
Due on mortgage
loans,

$ 4 ,1 9 6 ,9 9 5 24
151,000 00
10,000 00
14,872 80
1,044 45
19,700 00

$ 4 ,3 9 3 ,6 1 2 49

$23,887
2 ,825
10,073
12,315

75
82
12
96

$ 5,000 00

200 00

No. 8.]

BANK COMMISSIONER

53

Brockton Savings Bank — Continued.
S c h e d u l e o f S e c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

$103,200
5 8 ,700
100,000
2 5,000
3 5,000
4 ,000
6 ,000
25,000
7,000
17,000
2 5,000
5,000
10,000

$99,0 6 2
59 ,3 7 4
101,062
2 5,593
36,0 5 0
4 ,0 0 0
6 ,000
2 6,093
7 ,0 0 0
16,320
25 ,6 2 5
5,021
10,000

Book Value.

Public Funds.
Citv of Brockton, Mass., 34s, .
.
Brockton, Mass., 4s,
.
.
Chicago, 111., 4s,
.
.
Fall River, Mass., 4s, .
.
Indianapolis, Ind., 4s,
Lynn, M ass., 4s,
.
.
Malden, Mass., 4s,
.
.
Newton, Mass., 4s,
Somerville, Mass., 4s, .
Stamford, Conn., 3£s, .
.
Tow n of Melrose, Mass., 4s,
Middleborough, Mass., 4s, .
Orange, M ass., 4s,

.
.
.
.

.
.
.
.

.

.

.

.

.

$420,900

00
00
50
75
00
00
00
75
00
00
00
25
00

$ 4 2 1,202 25

$103,2 0 0
58 ,7 0 0
100,000
25 ,0 0 0
3 5 ,0 0 0
4 ,0 0 0
6 ,000
2 5,000
7 ,000
17,000
2 5,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$4 2 0 ,9 0 0 00

Bank Stocks.
25
9
200
35

shares
shares
shares
shares

National Shawmut Bank, Boston,
Trem ont National Bank, Boston,
Brockton National Bank, Brockton, .
H om e National Bank, Brockton,

$ 2,500
315
2 0,000
3 ,500

$ 6,825
9
2 5 ,0 0 0
6 ,3 0 0

00
00
00
00

$ 2,500 00

$26,315

$38,1 3 4 00

$26,0 0 0 00

$25,000

$23,6 2 5 00

$ 25,000 00

20,0 0 0 00
3 ,500 00

Railroad Bonds.
Boston & A lb an y R .R . 3-|s,
.
.
.
.
Boston, Clinton, Fitchburg & JNew Bedford R .R .
5s,
.
.
.
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3^-s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-jS, .
Cleveland & Pittsburgh R .R . 4^s,
Concord & Montreal R .R . 4s, .
Connecticut & Passumpsic Rivers R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3^s,
.
.
.
.
Illinois Central R .R . 4s, .
Maine Central R .R . 7s, .
Michigan Central R .R . 34s,
.
.
.
.
Newport & Richford R .R . 5s, .
N ew Y ork Central & H udson R iver R .R . 34s, .
N ew Y ork, N ew H a ven & H artford R .R . 34s, .
N ew Y ork, New H a ven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
.
Penobscot Shore Line R .R . 4s,
.
.
.
Peoria & Northwestern R .R . 34s,
Princeton & Northwestern R .R . 34s,
W ashington County R .R . 34s,
W orcester, Nashua & Rochester R .R . 4s, .

3 0,000
2 5,000
2 5,000
2 0,000
100,000
10,000
25,000
20,000
75,000
25,000
75,000
5,000
2 5,000
25,000
6,000
5 0 ,000
75,000
30,000
35,000
25,000
2 5 ,000
3 5 ,000
2 5 ,000
13,000

30,9 0 0
25,181
23,7 5 0
20,5 0 0
92,5 0 0
11,350
25,375
2 0,600
75,937
2 6,875
6 8,675
5,400
2 8,500
2 3,500
6 ,120
47,0 0 0
6 9,000
30,0 0 0
3 6,075
2 5,562
2 3,500
32 ,9 0 0
22 ,5 0 0
13,075

00
25
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00

3 0 ,0 0 0
2 5,000
24,937
2 0,000
99 ,0 0 0
10,000
2 5,000
20,0 0 0
7 5,000
2 5,000
7 3,425
5 ,000
2 5,000
2 4,062
6 ,000
47 ,5 0 0
74,437
3 0 ,0 0 0
35,0 0 0
25,0 0 0
23,625
34,1 2 5
2 3,750
13,000

00
00
50
00
00
00
00
00
00
00
00
00
00
50
00*
00
50
00
00
00
00
00
00
00

$829,000

$808,401 25

$818,862 50

$100,000

$ 1 0 4,000 00

$100,000 00

Boston Term inal Com pany Bonds.
Boston Terminal Company 3 | s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* A legal investment when made.

54

KEPOJRT OF THE

[Pub. Doc

Brockton Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$22,3 0 0
26 ,6 0 0
5 83,000
287,2 0 0

Rate.

00
00
00
00

2
3
4
4J

per
per
per
per

Rate.

Amount.

cent.
cent.
cent.
cent.

$ 2 5 9,000
75.0 0 0
1,324,489
75 .0 0 0

R e a l E st a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

00
00
50
00

4f
4£
5
5f

:—
.
.
.

.
.
.

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

Rate.

$ 1 0 5,625 00
140,025 00

5£ per cent.
6 per cent.

$ 88,000 00

.
.
.

110,000 00
107,650 00

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
Assessed value, .
.
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ou n t of same,
.
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal num ber O ct. 31, 1906,

.
.
.

.

2 6,643 30
5 0,325 00
2 1,414

.

.

.

.

.

1 ,2 4 4,177 72
13,981

.
.
.

.
.
.

1,090,471 98
.
.
.

2 ,5 6 4
1,988
14,939

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T otal E x p e n s e s

d u r in g

Y

176,721 56

for

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent.,
.
of

6 41,089 50
494

ear,

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $8 ,6 6 2 50
$ 1,787 66
Percentage to total assets, .
.0 0 1 9 7
.0 0 0 4 0

D ate

430

.

.
.

.

.
.

Total.
$10,4 5 0 16
.0 0 2 3 7
$65,0 5 2 44
67,433 40

132,485 84

E x a m in a t io n , J u l y 5 and 6.

BROOKLINE SAVINGS B A N K — BROOKLINE.
C h a r l e s H . S t e a r n s , President.
W il l ia m E . L in c o l n , Treasurer.
W il l ia m E . L in c o l n , Clerk of the Corporation.

Investment Committee:

Ch a r l e s H . S t e a r n s , A l f r e d
w o r t h , H o race Ja m e s , J a m e s

E . K e n r ic k , E d w a r d M . F a r n s ­
H . B oody.

Incorporated Feb. 24, 1871. Open for business every business day, 9 a . m . to 1 p . m .; also
M ondays and W ednesdays, 3 to 5 p . m .; Saturdays (except in A ugust), 6 to 8 p . m .
D eposits commence to draw interest the second M onday of January, April, July and
October. Dividends are payable after W ed n esd ay following the second M onday of
January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK COMMISSIONER

No. 8.]

55

Brookline Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on public funds,
Loan on bank sto c k s,.
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
T axes paid on m ortgaged proper­
ties,
.
.
.
.
.
Deposits in banks, on interest,
Bank liquidation account, .
T axes on real estate b y foreclosure,
Cash on hand, .
.
.
.

$110,837
525
904,1 1 2
160,833
25 ,0 0 0
3 ,5 0 0
2,396 ,8 2 6
1 ,384,400
108,390
25 ,7 2 3
3 ,0 4 0

00
00
75
75
00
00
00
00
70
68
60

158
65,071
336
86
7 ,4 2 6

45
16
00
50
25

Deposits,
Guaranty fund
Profit and loss ac­
count,
Interest account, .
R en t account,
Due on mortgage
loans,

$ 5 ,0 6 0 ,4 6 7 34
84 ,4 9 0 00
1,875 51
4 4 ,4 3 8 40
496 59
4 ,5 0 0 00

$5,1 9 6 ,2 6 7 84

$5,1 9 6 ,2 6 7 84

C ash o n D ep o sit in B a n k s , A m o u n t in E a c h : —
First National Bank, Boston,
.
.
.
National Shawmut Bank, Bos t on, .
.
.
.
Brookline National Bank, Brookline,
.
.
.

.
.

$20,2 3 0 07
2 0,987 79
23,853 30

L o a n o n P u b l ic F u n d s : —
$ 25,000 City of Hartford, Conn., 3Js,

.

$25,0 0 0 00

.

.

.

L o a n o n B a n k S to ck s : —
100 shares Am erican National Bank, Boston,

$ 3,500 0 0 *

* In liquidation.

S c h e d u l e o p Se c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

Book Value.

Public F unds.
City of Cambridge, Mass., 4s, .
Chicago, 111., 4s,
Y ork , Pa., 4s,
Town of Brookline, Mass., 3^yS,
Brookline, Mass., 3 /jS ,
Brookline, Mass., 4s, .

$2 ,0 0 0
45 ,0 0 0
25,0 0 0
5 ,000
30,0 0 0
1,000

$2 ,0 2 5
45 ,5 0 0
2 5,675
4 ,625
2 9,100
1,000

00
00
00
00
00
00

$ 2 ,0 0 0
4 6,397
2 6,440
5 ,000
30 ,0 0 0
1,000

00
00
00
00
00
00

$ 1 0 8,000

$ 1 0 7,925 00

$110,837 00

$ 525

$15 00

$525 00

B ank Stocks.
15 shares Trem ont National Bank, Boston,

Railroad Bonds.
Boston & Maine R .R . 4 J fS ,
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Q uincy R .R . 3-Js, .
Chicago, Burlington & Quincy R .R . 5s,
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . 6s,
.
.
.
.
Fitchburg R .R . 4s,
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3s, .
Illinois Central R .R . 3£s,
Maine Central R .R . 7s, .
Milwaukee, Lake Shore & W estern R .R . 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,0 0 0
100,000
90 ,0 0 0
47 ,0 0 0
25,0 0 0
128,000
5 5,000
4 0 ,0 0 0
25 ,0 0 0
101,000
10,000
30 ,0 0 0

$ 11,200
110,000
83 ,2 5 0
5 0,760
27,750
144,640
55,537
43 ,0 0 0
19,500
92 ,5 4 0
11,400
34 ,8 0 0

00
00
00
00
00
00
50
00
00
00
00
00

$10,000
112,110
86,281
50,840
29,039
151,253
5 5,000
42 ,5 6 0
22,100
9 8,390
11,262
3 4,400

00
00
25
00
40
35
00
00
00
00
50
00

KEPORT OF THE

56

[Pub. Doc

Brookline Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d ,

Railroad Bonds — Concluded.
N ew Y o rk Central & H udson R iver R .R .
N ew Y ork, Lackawanna & W estern R .R .
N ew Y ork , N ew H aven & H artford R .R .
N ew Y ork , New H aven & H artford R .R .
Peoria & Northwestern R .R . 3^s,
Princeton & Northwestern R .R . 3Js,
T roy & Boston R .R . 7s,
.
.
.

3Js,
6s,
3Js,
4s,

$25,0 0 0
2 5.000
4 0 .0 0 0
5 0 .000
25 .0 0 0
30 .0 0 0
1,000

.
.

.

$ 8 5 7,000

Estimated
Market Value.

$23,5 0 0
3 0 ,6 2 5
36 ,8 0 0
51 .5 0 0
2 3 .5 0 0
28 ,2 0 0
1,380

00
00
00
00
00
00
00

$8 7 9 ,8 8 2 50

Book Value.

$24,4 0 0
29 ,5 0 0
38 ,6 6 8
5 4,447
23 ,7 3 5
28 ,7 2 5
1,400

00
00
75
50
00
00
00

$90 4 ,1 1 2 75

Street Railway Bonds.
$13,0 0 0
25.0 0 0
6 0.000
10,000
40,0 0 0

Gloucester, Essex & Beverly St. R ailw ay Co. 5s,
Lowell, Lawrence & H averhill St. R y . Co. 5s,
L yn n & Boston Railroad Co. 5s,
Naum keag Street R ailw ay Co. 6s,
W e s t E nd Street R ailw ay Co. 4s,

$ 1 4 8,000

$13,3 9 0
25,7 5 0
65,4 0 0
1 0,475
4 1 ,2 0 0

00
00
00
00
00

$ 1 5 6,215 00

$ 14,100
26,2 7 0
67,6 2 5
10,600
4 2 ,2 3 8

00*
00*
00*
00*
75

$ 1 6 0,833 75

* Legal investm ents when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$25,9 8 7
39 ,0 8 3
7 6,500
22,0 0 0
556,2 5 0

Rate.

79
37
00
00
00

R e a l E state

2

Amount.

per cent.

2l¿ per cent.
4 per cent.
4-J- per cent.
4 j per cent.

fo r

$ 2 4 0,000
2 5.000
2,3 8 5 ,5 2 6
25 .0 0 0
70 .0 0 0

Rate.

00
00
00
00
00

B a n k in g P u r p o se s : —

Amount invested,
Estim ated value,
Assessed value, .

.

.

.
.

.
.

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

.

.

.

.

.

.
.

.
.

.
.

.
or

.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

.
.
.

Y

00
00
00
00

.
.
.

.

ear,

5-|- per
5 f per
6 per
7 per

cent.
cent.
cent.
cent.

$25,723 68
3 0,000 00
2 3,000 00
108,390 70
110,100 00

.

.

.

1,218,312 84

.

.

756,061 01

.
.
.

.
.
.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
A m ou n t of same,
.
.
.
.
.
.
N um ber of loans secured b y m ortgage of real estate,
G ross I n c o m e “r e c e iv e d

$208,400
2 5,000
171,050
5 ,000

Rate.

O t h e r w is e : —
.
.
.
.
.
.

D e p o s it s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal num ber O ct. 31, 1906,

4 f per cent.
4 | per cent.
5 per cent.
5 i per cent.
5| per cent.

Amount.

2,526
1,189
14,432
113
2 0 0 ,5 5 0 00
318
2 1 8 ,1 8 4 74

BANK COMMISSIONER.

No. 8.]

57

Brookline Savings Bank —Concluded.
T o ta l E x p e n s e s

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
$ 7,084 88
$1,6 5 4 95
A m ount paid during year,
.0 0 0 3 2
.0 0 1 3 6
Percentage to total assets,
fo r

Y

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : January, 1906, 2 per cent., .
July, 1906, 2 per cent,
D ate

of

Total.
3,739 83
.0 0 1 6 8
583,621 52
89,821 84

$ 1 7 3,443 36

E x a m in a t io n , Ja n u a r y 30.

CAMBRIDGE SAVINGS BANK — CAMBRIDGE.
J o h n T .U . N ich o l s , President.
O sc ar F . A l l e n , Treasurer.
O scar F . A l l e n , Clerk of the Corporation.

Investment Committee: Jo h n T . G. N ich o l s , W

a l t e r S. S w a n , E d w in D r e s s e r , E d w a r d
it . C o g s w e l l , E n o c h B e a n e , Ja m e s F . P e n n e l l .

Incorporated April 2, 1834. Open for business every business day, 8 a . m . to 1
the first Thursday of each m onth, for deposits only, 3 to 5 p . m .

p .m . ;

also

Deposits commence to draw interest the fourth Thursday of January, April, July and
October.
Dividends are payable the Friday after the fourth Thursday of January and
July.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loan on public funds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
T axes paid on m ortgaged prop­
erties,
.
.
.
.
.
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

$ 3 4 6,500
38 ,1 0 5
7 43,770
306,0 0 0
50 000
50
23.0 0 0
1,075
2 ,7 0 2 ,2 5 7
1 ,066,750
17,809
8 3 .0 0 0
4 ,2 8 2

00
00
00
00
00
00
00
00
00
00
26
00
46

792
3 7,996
10.000
3 ,617

45
15
00
31

$ 5 ,4 3 5 ,0 0 4 63

C a sh o n D e p o s it in B a n k : —
Charles R iver National Bank, Cambridge,
L o a n o n P u b l ic F u n d s : —
$50 U nited States 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .
R ent a c c o u n t ,
(bank building),

$4,9 2 7 ,6 5 5 27
250,5 0 0 00
196,786 28
56,676 30
3,386 78

$ 5 ,4 3 5 ,0 0 4 63

$47,9 9 6 15
$50 00

DEPORT OF THE

58

[Pub. Doc

Cambridge Savings Bank — Continued.
Par Value.

S ch e d u le o p Se c u r it ie s O w n e d .

Public Funds ,
City of Bridgeport, Conn., 4s,
.
Cambridge, Mass., 3 Js,
Cambridge, M ass., 4s, .
Cleveland, O., 5s,
.
.
Grand Rapids, M ich., 44s,
Indianapolis, Ind., 4s,
.
Kansas City, M o., 4s, .
N ew Bedford, Mass., 3-Js,
Portsm outh, N . H ., 4s,
Saginaw, M ich., 4-J-s, .
.
T ow n of Mansfield, Mass., 4s, .
.
Marblehead, Mass., 4s,
W akefield, Mass., 3Js,
W estborough, Mass., 5s,

.

.

.

.
.

.
.

.

.
.

$25,000
8 0,000
2 5,000
2 ,0 0 0
2 5 ,000
20 ,0 0 0
25 ,0 0 0
2 ,000
25 ,0 0 0
15,000
9 ,500
1,500
77 ,5 0 0
14,000
$346,5 0 0

Estimated
Market Value.

$25,5 6 2
7 6,650
25 ,7 5 0
2 ,0 0 0
25 ,7 5 0
20 ,6 0 0
25 ,7 5 0
1,925
25 ,0 0 0
15,000
9 ,6 9 0
1,513
7 4,685
14,210

50
00
00
00
00
00
00
00
00
00
00
75
00
00

$344,086 25

Book Value.

$25,0 0 0
8 0 ,0 0 0
25 ,0 0 0
2 ,0 0 0
25 ,0 0 0
20 ,0 0 0
2 5 ,0 0 0
2 ,0 0 0
2 5 ,0 0 0
15,000
9 ,5 0 0
1,500
77 ,5 0 0
14,000

00
00
00
00*
00
00
00
00
00
00 *
00
00
00
00

$346,5 0 0 00

B ank Stocks.
100
11
30
5
46
58
58
60
46
25

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Merchants National Bank, Boston, .
National Exchange Bank, Boston,
National R ockland Bank, Boston,
National Union Bank, Boston,
State National Bank, Boston, .
Trem ont National Bank, Boston,
Charles R iver N ’l B ’k, Cambridge, .
hirst .National Bank, JSJew Bedford, .
New ton N a t’l Bank, Newton, .
Naum keag National Bank, Salem,

00
00
00
00
00
00
00
00
00
00

$ 1 0 ,0 0 0
1,100
3 ,000
500
4 ,6 0 0
5
5 ,8 0 0
6 ,000
4 ,6 0 0
2 ,5 0 0

00
00
00
00
00
00
00
00
00
00

$10,000
1,100
3 ,000
500
4 ,6 0 0
2 ,030
5 ,800
6 ,000
4 ,6 0 0
2,500

$21,0 0 0
1,760
5 ,100
90 0
6 ,854
58
11,600
7 ,980
4 ,1 4 0
3 ,750

$40,1 3 0

$ 63,142 00

$38,1 0 5 00

$ 25,000
47 ,0 0 0
2 0,000
4 ,000
2 6,000
2 5,000
13,000
126,000
3 2,000

$25,6 2 5
43 ,4 7 5
20 ,1 0 0
4 ,4 8 0
26 ,3 9 0
25 ,7 5 0
13,130
127,260
32 ,3 8 0

00
00
00
00
00
00
00
00
00

$25,0 0 0
44 ,6 5 0
20 ,0 0 0
4 ,0 0 0
26 ,0 0 0
25 ,0 0 0
13,000
126,000
32 ,0 0 0

00
00
00
00
00
00
00
00
00

2 5,000
2 5,000
16,500
38,0 0 0
2 ,000
5 0,000
5 0,000
2 5,000
10,000
48,6 6 5
2 5,000
2,000
6 ,000
14,000
2 ,000
15,000
25 ,0 0 0
2 ,000
50 ,0 0 0

2 5,062
25 ,6 2 5
18,810
4 4 ,0 8 0
2 ,1 0 0
4 6 ,0 0 0
5 0,625
2 7,875
10,250
51 ,5 8 4
25,5 6 2
2 ,100
5 ,910
14,210
2 ,1 0 0
18,000
26 ,7 5 0
2 ,0 6 0
4 5 ,0 0 0

50
00
00
00
00
00
00
00
00
90
50
00
00
00
00
00
00
00
00

2 5,000
2 5 ,0 0 0
16,500
38,0 0 0
2 ,0 0 0
50 ,0 0 0
5 0,000
25 ,0 0 0
10,000
48,6 6 5
25 ,0 0 0
2 ,0 0 0
5 ,955
14,000
2 ,0 0 0
15,000
2 5 ,0 0 0
2 ,000
4 7 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Railroad Bonds.
Boston & Maine R .R . 4s,
Chicago, Burlington & Quincy R .R . 3Js, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 7s,
Concord & Montreal R .R . 4s, .
Connecticut & Passumpsic Rivers R .R . 4s,
D akota Central R .R . 6s,
.
.
.
.
Fitchburg R .R . 5s,
Illinois Central R .R . 4s, .
Kansas Citv, St. Joseph and Council Bluffs R .R .
7s,
.........................................................................
Maine Central R .R . 4-|s,
.
.
.
.
Maine Central R .R . 7s, .
Milwaukee, Lake Shore & W estern R .R . 5s,
Minnesota V alley R .R . 7s,
.
.
.
.New York, JNew H aven & H artford R .R . 3 fs , .
N ew Y ork , New H aven & H artford R .R . 4s,
Northern Maine Seaport R .R . 5s,
Old Colony R .R . 4s,
.
.
.
.
Pennsylvania R .R . 6s,
.
.
.
.
.
Penobscot Shore Line R .R . 4s,
.
.
.
Plainview R .R . 7 s ,.
Portland & Ogdensburg R .R . 3Js, .
Portland & Ogdensburg R .R . 5s,
Rochester & Northern Minnesota R .R . 7s,
St. Johnsbury & Lake Champlain R .R . 5s,
U pper Coos R .R . 4Js,
.
.
.
.
.
Verm ont V alley R .R . 5s,
.
.
.
.
W ashington County R .R . 3 |s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$749,165

* Legal investm ents when made.

$7 6 2 ,2 9 4 90

$743,7 7 0 00

No 8 .]

BANK COMMISSIONER

59

Cambridge Savings Bank — Concluded.
Estimated
Market Value.

Par Value.

S c h e d u l e o f Se c u k it ie s O w n e d .

Book Value.

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
L ynn & Boston Railroad Co. 5s,
Springfield Street R ailw ay Co, 4s,
W e s t E nd Street R ailw ay Co. 4s,

$ 1 0 0,000
5 0 .000
56 .0 0 0
100,000

$1 0 2 ,2 5 0
54 ,5 0 0
56 ,5 6 0
103,0 0 0

$306,0 0 0

$316,3 1 0 00

$3 0 6 ,0 0 0 00

$50,0 0 0

$ 5 2 ,0 0 0 00

$ 5 0 ,0 0 0 00

00
00
00
00

$10 0 ,0 0 0
50 .0 0 0
56 .0 0 0
100,000

00
00*
00
00

Boston Term inal C om pany Bonds.
Boston Terminal Com pany 3 fs,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 37,996
2 0 ,000
3 ,0 0 0
3 0 0 ,5 0 0

Rate.

15
00
00
00

Amount.

2 per cent.
3,ia percent.
3 f per cent.
4 per cent.

$159,500
973,416
100,000
1,700,462

R e a l E s t a t e f o r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.
R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

Rate.

00
00
00
00

4f
4J
4f
5

:—
.
.
.
.

.
.
.
.

per
per
per
per

Amount.

$ 8 3 ,0 0 0 00
95,0 0 0 00

110,000 00
1,581 24

O t h e r w is e : —
.
.
.
.
.
.

D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.

.
.

.
.
.

.
.
.

.
.
.

.
.

.

.
.
.
.

.

.
.

17,809 26
23,8 0 0 00

.

.
.

.
.

r e c e iv e d d u r in g

.

Y

Y

of

E x a m in a t io n , M a y 22


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

917,821 61
9 0 1 ,2 4 6 29

458
.
.

.

577,777 00
5 64

ear,

2 43,929 8 0

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

16,946
.
13,817
.
1,641
1,135
13,840

.
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, $11,5 0 6 67
$2 ,9 6 8 68
Percentage to total assets, .
.0 0 2 1 2
.0 0 0 5 4
for

.
.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n se s

5 f per cent.
5£ per cent.
6 per cent.

or

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ou n t of same,
.
.
.

G ross I n c o m e

$ 90,000 00
366,3 5 0 00
79 ,9 0 4 00

cent.
cent.
cent.
cent.

Rate.

and

.
.

23.

.
.

.
.

Total.
$ 1 4 ,4 7 5 35
.0 0 2 6 6
$79,2 9 8 73
8 1,303 57

160,6 0 2 30

REPORT OF THE

60

[Pub. Doc.

CAMBRIDGEPORT SAVINGS B A N K — CAMBRIDGEPORT.
H e n r y E n d ic o t t , President.
H e n r y W . B tjllard , Treasurer.
J o s ia h F . L a n e , Clerk of the Corporation.

Investment Committee:

H e n r y E n d ic o t t , Jo h n H . C o r c o r a n , W il l ia m W . D a l l in g e r ,
F r e d e r ic k W . T il t o n , E d w a r d C. W h e e l e r .

Incorporated F eb.
1.30

22,
p .m .;

1853.
Open for business every business day, 8 .3 0
also 6 to 8 p .m . the first Saturday of each m onth.

a .m .

to

Deposits commence to 'draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on public funds,
Loan on bank stocks,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building, .
.
.
.
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
C ity ta x on real estate for banking
purposes,
.
.
.
.
Cash on hand, .
.
.
.

$ 1 ,6 3 0 ,2 7 0
2 8 ,0 0 0
394,9 3 7
8 1 ,0 7 5
3 6 3 ,0 0 0
20 ,0 0 0
2 ,8 0 0
2 ,5 8 3 ,5 5 3
6 2 ,1 0 0
48 ,2 2 7
2 8 5 ,8 9 0
3 ,9 0 7
2 6 ,6 5 4
5 7 ,948

00
00
50
00
00
00
00
66
00
80
82
49
66
26

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .
R ent account,

$ 5 ,2 7 8 ,0 0 0 00
263,9 1 8 25
8 ,243 09
52,791 25
119 70

4 ,2 8 6 46
1 0,420 64
$ 5 ,6 0 3 ,0 7 2 29

$5,6 0 3 ,0 7 2 29

C a sh o n D e p o s it i n B a n k s , A m o u n t in E a c h : —
Charles R iver National Bank, Cambridge,
National City Bank, Cambridge, .
.
.
.
Cambridge Trust Company, Cambridge,
Central Trust Company, Cambridge,
Harvard Trust Company, Cambridge, .

$10,021
10,022
10,034
10,028
17,841

L o a n s o n P u b l ic F u n d s , A m o u n t o n E a c h : —
$10,0 0 0 City of Pittsfield, Mass., notes,
10,000 City of Marlborough, Mass., notes,

$20,0 0 0 00

L o a n o n B a n k St o c k s : —
50 shares M iddlesex County National Bank, W inchester,

Par Value.

S c h e d u l e o f Se c u r i t i e s O w n e d .

37
79
52
49
09

$2 ,8 0 0 00

Estimated
Market Value.

Book Value.

Public F unds.
City of Bangor, M e., 4s,
.
Boston, Mass., 3-Js,
.
Cambridge, Mass., 3-|-s,
Cambridge, Mass., 4s, .
Chicago, 111., 3|s,
.
Dover, N . H ., 4s,
.
Everett, Mass., 4s,
.
F ort W ayn e, Ind ., 3-|s,
Grand Rapids, M ich., 4-Js,
H artford, Conn., 3|s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.

.
.
.

.
.
.

.
.
.

.

.

.

$50,0 0 0
190,000
5 ,000
197,000
2 0,000
2 2,000
2 7,600
96 ,0 0 0
5 0,000
25 ,0 0 0

$50,500
183,631
4,931
198,861
19,850
2 2 ,068
2 7 ,686
9 1 ,9 2 0
51 ,5 6 2
24 ,1 2 5

00
25
25
25
00
75
25
00
50
00

$50,000
190,000
5 ,000
197,000
19,900
2 2 ,000
2 7 ,600
96 ,0 0 0
5 0,000
25 ,0 0 0

00
00
00
00
00
00
00
00
00
00

No. 8.]

BANK COMMISSIONER

61

Cambridgeport Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

P ublic F un ds — Concluded.
City of Haverhill, Mass., 4s,
Kansas City, M o., 4s, .
Lowell, Mass., 4s,
.
.
.
Malden, Mass., 4s,
.
.
.
Middletown, Conn., 4s,
.
.
Minneapolis, M inn., 4s,
Minneapolis, Minn., 4|-s,
New Britain, Conn., 4s,
New ton, Mass., 4s,
.
.
.
Pawtucket, R , L , 4s, .
.
.
Peoria, 111., 4-J-s, .
.
.
.
Pittsburgh, Pa., 3-Js, .
.
.
Providence, R . I., 3s, .
.
.
.
Saginaw, M ich., 4s,
Springfield, O ., 4-^s,
.
.
.
St. Joseph, M o., 3£s, .
.
.
Tow n of Arlington, Mass., 4s,
.
.
Beverly, Mass., 4s,
E ast Providence, R . L , 4 s ,.
Kingston, Mass., 4s, .
.
.
Lincoln, R . I., 4s,
M aynard, Mass., 4s, .
.
.
Melrose, Mass., 4s,
Revere, Mass., 3£s, .
.
.
Rockland, Mass., 4s,
.
.
South Abington, Mass., 4 s ,.
W esterly, R . I., 3^s, .
.
.
W e ym o u th , Mass., 4s,
W oonsocket, R . I., 4s,

.

.
.
.
.
.
.
.
.

.
.
.
.
.

$ 25,000
3 0 ,000
5 0 ,000
3 0 ,000
25 ,0 0 0
5 0 ,000
10,000
5 ,000
5 0 ,000
100,000
5 0 ,000
100,000
4 ,0 0 0
4 ,0 0 0
5 0 ,000
25 ,0 0 0
11,000
74 ,0 0 0
5,000
15,000
15,000
40 ,0 0 0
5 0,000
10,000
8 ,000
2 0,000
10,000
3 1,000
5 0 ,000
$ 1 ,6 29,600

Estimated
Market Value.

$25,000
30 ,3 7 5
51 ,6 2 5
31 ,5 0 0
25 ,0 6 2
51 ,7 5 0
10,850
5 ,0 0 0
52 ,2 5 0
100,480
50 ,5 0 0
91 ,5 0 0
3 ,620
4 ,0 0 0
51,231
2 3,718
11,055
74 ,3 7 0
5 ,000
15,031
15,000
40,8 0 0
50,937
9 ,525
8 ,0 0 0
20,2 0 0
9 ,2 0 0
31,387
50 ,0 0 0

00
00
00
00
50
00
00
00
00
00
00
00
00
00
25
75
00
00
00
25
00
00
50
00
00
00
00
50
00

Book Value.

$25,000
31 ,0 0 0
50 ,0 0 0
3 0 ,0 0 0
25 ,0 0 0
50 ,0 0 0
10,000
5 ,000
5 0 ,000
100,000
5 0 ,000
100,000
3 ,770
4 ,0 0 0
50 ,0 0 0
2 5,000
11,000
7 4,000
5 ,000
15,000
15,000
4 0 ,0 0 0
50 ,0 0 0
10,000
8 ,0 0 0
20,0 0 0
10,000
31 ,0 0 0
50 ,0 0 0

00
00
00
00
00
00
00
00
00
00*
00
00
00
00*
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00*

$1,6 2 4 ,1 0 5 00 $ 1 ,6 3 0 ,2 7 0 00

B ank Stocks.
56
50
50
40
14
100

shares
shares
shares
shares
shares
shares

National Bank of Commerce, Boston,
National Union Bank, Boston,
Trem ont National Bank, Boston,
Cambridgeport N ’l Bank, Cambridge,
National Citv Bank, Cambridge,
Harvard Trust Company, Cambridge,

$5,600
5,000
1,750
-

1,400
10,000
$23,750

$ 8,960
9 ,0 0 0
50
160
1,680
16,500

00
00
00
00
00
00

$5 ,6 0 0 00
5 ,0 0 0 00
1,000 00

$36,3 5 0 00

$28,0 0 0 00

-

1,400 00
15,000 00

Railroad Bonds.
Boston & A lb an y R .R . 3£s,
.
.
.
.
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3-J-s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Chicago, Burlington & Quincy R .R . 3-|s, .
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Connecticut River R .R . 3-j-s, .
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3£s,
.
.
.
.
Maine Central R .R . 7s, .
N ew Y ork , New H aven & H artford R .R . 4s,
Penobscot Shore Line R .R . 4s,
T roy & Boston R .R . 7s,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 3,000
5,000
2 5,000
2 5,000
10,000
5 4,000
2 2,000
5 0,000
13,000
100,000
8 ,000
3 0,000
2 5,000
2 5,000
$395,000

* Legal investments when made,

$ 2,850
5 ,150
2 4,000
25 ,7 5 0
9 ,2 0 0
5 4,750
22 ,2 2 0
48 ,0 0 0
13,000
93 ,0 0 0
9 ,1 6 0
3 0,000
2 5,250
3 4,375

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 3 9 6,705 00

$3,0 0 0
5 ,000
2 4,937
2 5 ,0 0 0
10,000
54 ,0 0 0
22 ,0 0 0
50 ,0 0 0
13,000
100,000
8 ,0 0 0
3 0 ,0 0 0
25,0 0 0
25,0 0 0

00
00
50
00
00
00
00
00
00
00
00
00
00
00

$394,937 50

REPORT OF THE

62

[Pub. Doc.

Cambridgeport Savings Bank — Concluded.
S c h e d u le of Se c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

Book Value.

$20,0 0 0
60 ,0 0 0

$ 2 0 ,3 0 0 00
60,9 0 0 00

$ 2 1 ,0 7 5 00
6 0 ,0 0 0 00

$ 8 0 ,0 0 0

$ 8 1 ,2 0 0 00

$ 8 1 ,0 7 5 00

$35 0 ,0 0 0

$ 3 6 4 ,0 0 0 00

$ 3 6 3 ,0 0 0 00

Street R ailw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
W e st E n d Street R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3 fs,

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

Rate.

2 per cent.
3 4 per cent.
4 per cent.

$50,5 0 0 00
1 ,027,983 00
5 ,000 00

4 f per cent.
4 j per cent.
4 f per cent.

Amount.

$57,9 4 8 26
85 ,0 0 0 00
408,6 8 8 80

Amount.

$1,086,281 86
5 ,000 00

R e a l E s t a t e f o r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.
N et income during year,

or

.
.

O t h e r w is e : —
.
.

D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

G ross I n c o m e

r e c e iv e d d u r in g

Y

Y

of

ear

E x a m in a t io n , M a y 14.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

82
00
00
70

4 8 ,2 2 7 80
5 9 ,4 0 0 00
741 66

•

21,113
9 1 8 ,5 1 2 52
15,690
9 7 0 ,9 4 7 49

442
592,5 1 8 88
486
221,6 3 3 29

ear

D iv id e n d s d e cl a r e d d u r in g Y
January, 1906, I f per cent.,
July, 1906, I f per cent.,
D ate

per cent.
per cent.

$2 8 5 ,8 9 0
250,0 0 0
251,1 0 0
119

ear,

( e x c l u s iv e of T a x e s ) : —
Other Expenses.
Salaries.
$ 4,818 51
A m ount paid during year, . $8,779 94
.0 0 0 8 6
Percentage to total assets, .
. 00156
for

5
6

1,997
1,476
17,481

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
N um ber of loans secured b y m ortgage of real estate,

T o ta l E x p e n s e s

Rate.

Total.
$ 13,598 45
.0 0 2 4 2

:—
$86,438 21
8 7,296 76

173,734 9 7

No. 8.]

BANK COMMISSIONER

63

CANTON INSTITUTION FOR SAVINGS — CANTON.
W

il l is

S. S h e p a r d , President.
W a l t e r A m e s , Treasurer.
N a t h a n ie l W . D u n b a r , Clerk of the Corporation.

Investment Comm ittee:
W

F r a n c is D . D u n b a r , T h o m as E .
il l is S. S h e p a r d , E d w a r d H . R .

Grover, H en r y F. B u sw ell,
R evere.

Incorporated March 4, 1835. Open for business every business day except Saturdays,
8 a . m . to 12 m ., 1.30 to 4 p . m .; Saturdays, 8 a .m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first Tuesday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc.,
Expense account,
T axes paid on real estate held b y
foreclosure,
.
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 9 5 ,0 0 0
12,000
1 8 0 ,2 4 0
6 ,0 0 0
6 8 ,2 0 0
267,3 9 6
97 ,2 0 0
1 5,450
161

00
00
00
00
00
64
00
00
58

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
R ent account,

$692,459 42
4 0 ,0 0 0 00
26,221 37
1,149 66
210 04

206 14
17,322 98
863 15
$7 6 0 ,0 4 0 49

C a sh o n D e p o s it in B a n k s , A m o u n t
First National Bank, Boston,
Neponset National Bank, Canton,

$76 0 ,0 4 0 49

E ach : —

in

$ 1,450 23
15,872 75

L o a n o n R a il r o a d St o c k s : —
50 shares Boston & Maine R .R .,.

$6,000 00

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
C ity of Chicago, 111., 4s, .
New Britain, Conn., 4s,
W oonsocket, R . I., 4s,
Tow n of Canton, Mass., 4s,
.
Natick, Mass., 4s,
.
Orange, Mass., 4s,
.

.
.
.

.
.
.

.
.
.

.

$10,000
10,000
20 ,0 0 0
40.0 0 0
5,000
10.000

$10,0 2 5
10,250
2 0 ,2 0 0
4 0 ,6 0 0
5 ,1 5 0
10,300

$95,0 0 0

$ 9 6 ,5 2 5 00

00
00
00
00
00
00

$10,0 0 0
10,000
2 0 ,0 0 0
4 0 .0 0 0
5 ,0 0 0
10.000

00
00
00*
00
00
00

$ 9 5 ,0 0 0 00

Bank Stocks.
12
8
50
50

shares
shares
shares
shares

First National Bank, Boston,
W ebster & A tlas N a t’l Bank, B o sto n ,.
Neponset National Bank, Canton,
Dedham National Bank, Dedham ,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,200
800
5 .000
5 .000
$12,0 0 0

* A legal investm ent when made.

$3,5 4 0
1,184
4 ,2 5 0
5 ,5 0 0

00
00
00
00

$14,4 7 4 00

$ 1 ,2 0 0
800
5 .000
5 .0 0 0

00
00
00
00

$ 1 2 ,0 0 0 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

65

CAPE ANN SAVINGS B A N K — GLOUCESTER.
S y l v e s t e r C u n n in g h a m , President.
D a n ie l T . B a b s o n , Treasurer.
D a n ie l T . B a b s o n , Clerk of the Corporation.

Investment Committee: R o b er t R . F e a r s , S y l v e s t e r Cu n n in g h a m , F r ed A . B a r k e r ,
J o h n J. P e w .
Incorporated April 15, 1846. Open for business every business day, 9 a . m . to 3
also Saturdays, 6.30 to 8.3 0 p . m .; during August close at 1 p ,m .

p . m .;

Deposits commence to draw interest the third business day of January, April, July and
October. Dividends are payable the first day of M ay and Novem ber.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on public funds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Real estate in possession,
B ank building and fixtures,
Stocks, bonds, etc., taken to secure indebtedness, .
Expense account,
Taxés paid on m ortgaged properties, .
.
.
.
.
Deposits in banks, on interest,
Block income account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$25,000
69,753
77,000
3 0,000
2 5,000
11,050
2 2,000
425
1,679,622
8 43,280
17,846
3,400
62,160

00
00
00
00
00
00
00
00
74
09
90
00
05

Deposits,
Guaranty fund,
Interest account, .
Surplus account, .
T a x account,
R eal estate
account,
Miscellaneous account,

$ 2 ,7 2 3 ,8 5 0
150,000
19,439
24,199
2 ,599

71
00
32
45
05

746 86
265 53

1,500 000
684 51
4 ,545
39,9 5 2
847
7 ,032

99
11
82
71

$ 2 ,9 2 1 ,1 0 0 92

$2,9 2 1 ,1 0 0 92

C ash o n D e p o sit in B a n k s , A m o u n t in E a c h : —
National Shawmut Bank, B o sto n ,.
Cape Ann National Bank, Gloucester,
Gloucester National Bank, Gloucester, .

$24,552 49
2 ,005 11
13,394 51

L o a n o n P u b l ic F u n d s : — $25,000 City of Hartford, Conn., 3 is,

$ 2 5 ,0 0 0 00

L oans
68
22
2
4
10
5

B a n k S t o c k s , A m o u n t o n E ach : —
shares Gloucester National Bank, Gloucester,
shares Gloucester National Bank, Gloucester,
shares Gloucester National Bank, Gloucester,
shares Gloucester National Bank, Gloucester,
shares City National Bank, Gloucester,
shares R ockport National Bank, Rockport,
on

* This loan, in excess of the legal lim it, has been corrected.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6 ,8 0 0 00

2,200 00
150 00
400 00
)

1,500 0 0 *

REPORT OF THE

66

[Pub. Doc

Cape Ann Savings Bank — Continued.
S c h e d u l e o f S e c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

Book Value.

$10,0 0 0
5,000
10,000

$10,0 0 0 00
5,000 00
10,000 00

$ 10,000 00
5 ,0 0 0 00
10,000 00

$25,0 0 0

$25,0 0 0 00

$ 2 5 ,0 0 0 00

Public Funds.
City of Chicago, 111., 4s, .
Lynn, Mass., 4s,
Tow n of Melrose, Mass., 4s,

.
.

.
.

.
.

.
.

B ank Stocks.
62
100
100
50
50
50
25
50
37
25
16
61
34

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

$ 6,200
10,000
10,000
5,000
5,000
5 ,000
2 ,500
5,000
3,700
875
1,600
6,100
3 ,400

Freemans National Bank, Boston,
Merchants National Bank, Boston, .
N a t’l Bank of Commerce, Boston,
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
New England N a t’l Bank, Boston, .
Old Boston National Bank, B o sto n ,.
Second National Bank, Boston,
State National Bank, Boston, .
Trem ont National Bank, Boston,
W ebster & Atlas N a t’l Bank, Boston,
Cape A n n N a t’l B ’k, Gloucester,
Gloucester N a t’l Bank, Gloucester, .

$ 7 ,130
21 ,0 0 0
16,000
8 ,000
13,650
7,000
2 ,750
11,150
5,513
25
2,368
9 ,760
4 ,250

00
00
00
00
00
00
00
00
00
00
00
00
00

$108,596 00

$64,3 7 5

$6 ,2 0 0
10,000
10,000
5 ,0 0 0
10,000
5 ,0 0 0
2 ,5 0 0
5 ,0 0 0
4 ,0 5 5
875
1,600
6 ,100
3,423

00
00
00
00
00
00
OO
00
00
00
00
00
00

$ 69,753 00

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 3 - j S ,
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3£s,
.
.
.
Maine Central R .R . 44s,
.
.
.
N ew Y ork , New H aven & H artford R .R .

.

.
.
.
34s,

.

$10,0 0 0
9 ,0 0 0
12,000
12,000
9 ,0 0 0
25,0 0 0

$ 9,200
9 ,0 0 0
12,000
10,920
9 ,180
22 ,7 5 0

00
00
00
00
00
00

$10,0 0 0
9 ,0 0 0
12,000
12,000
9 ,0 0 0
2 5 ,0 0 0

00
00
00
00
00
00

$77,000

$ 7 3 ,0 5 0 00

$ 7 7 ,0 0 0 00

$10,0 0 0
10,000
10,000

$10,100 00
10,800 00
10,000 00

$ 1 0 ,0 0 0 00
1 0 ,000 0 0 *
10 ,0 0 0 00

$30,0 0 0

$30,900 00

$ 3 0 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
Lynn & Boston Railroad Co. 5s,
W e s t E n d Street R ailw ay Co. 4s,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$37,947 00
2 ,005 11
153,900 00

Rate.

2 per cent.
2-J- per cent.
4 per cent.

Amount.

$57,0 0 0 00
9 7 ,0 0 0 00
932,6 3 8 49

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
E stim ated value,
.
.
.
.
Assessed value, .
.
.
.
.

Rate.

Amount.

Rate.

4 4 per cent.
4 f per cent.
5 per cent.

$76,0 0 0 00
167,522 00
1 ,097,317 34

54 per cent.
54 per cent.
6 per cent.

.
.
.

.
.
.

$ 62,160 05
6 0 ,0 0 0 00
50 ,0 0 0 00

R e a l E st a t e b y F o r e c l o su r e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.

.
.
.

17,846 9 0
19,900 0 0
133 61


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

No. 8.]

BANK COMMISSIONER.

67

Cape Ann Savings Bank — Concluded.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o s it A c counts : —
N um ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.
.

.
.
,

.

.
.
.

.
.
.

.

.

. .
.
.
.

.

.
.
.

.
.
.

G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y ear,

.

.

.

494,0 4 6 20

873
.

.

.
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $5,0 0 0 00
$ 1,710 88
Percentage to total assets, .
.0 0 1 7 1
.0 0 0 5 8
fo r

$3 5 9 ,7 6 0 39

984
1,138
9,673

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

8,012
8,186
.

717,187 26
884

.

.

137,052 54

ear

Total.
$6,7 1 0 88
.0 0 2 2 9

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per c e n t . , .................................................$ 45,473 45
October, 1906, I f per cent.,
.
.
.
.
45 ,1 8 4 15
D ate

of

E

x a m in a t io n ,

O c to b er 22, 23

and

9 0,657 60

24.

CAPE COD FIVE CENTS SAVINGS BANK — HARW ICH.
A l e x a n d e r T . N e w c o m b , President.
A lp h o n so L . W
A l ph o n so L . W e e k s , Clerk of the Corporation.

eeks,

Treasurer.

Investment Committee:

A l e x a n d e r T . N e w c o m b , J o sh u a Cr o w e l l , O l iv e r E .
E ld r e d g e , E l e a z e r K . Cr o w e l l , H e n r y H . F is k , A u g u s t u s C. S n o w .

Incorporated March 16, 1855.

Open for business every business day, 9

a .m .

to 1

p.m .

Deposits commence to draw interest the second W ednesday of January, April, July and
October. Dividends are payable the second W ednesday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loan on public funds,
Loans on bank stocks,
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Bank building and fixtures,
Taxes paid on m ortgaged properties,
.
.
.
.
.
Deposit in bank, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

$10,0 0 0
23,4 0 0
2 29,875
9 ,0 0 0
10,030
7 1,000
9 9 ,816
300
3 3 5 ,5 6 0
400,3 5 2
13,074
2 ,2 0 0

00
00
00
00
00
00
58
00
70
50
50
00

Deposits,
Guaranty fund, .
Profit and loss account,

$ 1 ,1 3 4 ,7 6 4 93
5 7 ,000 00
20,547 13

3 80
6 ,000 00
1,698 98
$1,2 1 2 ,3 1 2 06

$1,2 1 2 ,3 1 2 06

[Pub. Doc

KEPORT OF THE

68

Cape Cod Five Cents Savings Bank — Continued.
C a sh o n D e p o s it in B a n k : •—
Cape Cod National Bank, Harwich,

$6,000 00

L o a n o n P u b l ic F u n d s : —
$10,000 City of Boston, M ass., 3%s,

$ 9,000 00

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
100 shares City National Bank, Gloucester,
1 share Cape Cod National Bank, Harwich,

$10,000 00
30 00

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$37,0 0 0 Boston & Maine R .R . 4s, .
.
.
.
28.0 0 0 New Y o rk & New England R .R . 4s, .
18.000 Boston & Maine R .R . 4s, .
1,000
Fremont, Elkhorn & Missouri V alley R .R . 6s,

$30,000
2 5,000
15,000
1,000

S c h e d u l e o f S e c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

$10,000

.$1 0 ,1 0 0 00

.

.

.

.

Bank Stocks.
7 shares Faneuil H all JNational Bank, Boston, .
50
31
15
26
46
38
21

shares
shares
shares
shares
shares
shares
shares

Book Value.

% > .’ 5® ç

P ublic Funds.
City of Chicago, 111., 4s,

00
00
00
00

$700
5 ,000
3 ,100
1,500
2 ,600
4 ,600
3 ,800
2 ,100

Fourth National Bank, Boston,
National B ank of Commerce, B o sto n ,.
N a t’l B ank of the Republic, Boston, .
National Exchange Bank, Boston,
State National Bank, Boston,
Cape Cod National Bank, Harwich,
First National Bank, Yarm outhport, .

$23,400

f'

$1,015
7,350
4 ,9 6 0
2,475
4 ,160
6,854
4 ,940
2 ,688

$ 10,000 00

00
00
00
00
00
00
00
00

$ 34,442 00

$700
•5,000
3 ,100
1,500
2 ,600
4 ,600
3 ,800
2,100

00
00
00
00
00
00
00
00

$23,400 00

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-^-s, .
Concord & Montreal R .R . 4s, .
.
.
.
Connecticut & Passumpsic Rivers R .R . 4s,
Illinois Central R .R . 3-j-s,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 3 Is,
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Pittsburgh, Virginia & Charleston R .R . 4s,

.

$ 5,000
10,000
■ 15,000
2 5 ,000
2 0 ,000
10,000
5 0,000
5 5,000
2 1,000
2 0,000
$ 2 3 1,000

00
00
00
00
00
00
00
00
00
00

$ 5,025
10,300
13,875
25,375
20,700
9 ,200
4 5,500
55,475
2 1 ,840
2 0 ,600

$ 2 2 7,890 00

$5 ,0 0 0
10,000
15,000
2 5,000
20,000
10,000
48 ,8 7 5
55,000
21,000
2 0,000

00
00
00
00
00
00
00
00
00
00

$229,875 00

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$ 6 ,000
6 0 ,616
5 0 .000
2 5 .000

00
58
00
00

2
4

per cent.
per cent.

4f[ per cent.
4 § per cent.

Amount.

$112,598
6 9 .000
3 82,197
65 .0 0 0

50
00
80
00

R e a l E st a t e fo r B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

or

Amount.

Rate.

4 % p er
4 f per
5 per
5-J- per

cent.
cent.
cent.
cent.

$27,322
9 6,782
200
37,342

Rate.

00
50
00
40

5^
6
6^
7

per
per
per
per

cent.
cent.
cent.
cent.

.
.
.

.
.
.

$ 2,200 00
3 ,000 00
1,750 00

O t h e r w is e : —
.
.
.
.
.
.
.
.

.
.

13,074 50
27,100 00

.
.
.

BANK COMMISSIONER.

No. 8.]

69

Cape Cod Five Cents Savings Bank — Concluded.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A cco u n t s : — Num ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 1 9 0 6 , .

.

.
.

.
.

.

.

.
.
.

.
.
.
.

.
.

.
.
.
.

.

.

.

.

.

.

.

.

.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g

Y

ear,

.

.

.

387

of

195,286 78

.
.

342
.

5 4,265 42

.

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent., .
D ate

152,708 50

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $3 ,8 8 5 82
$559 78
Percentage to total assets, .
. 00321
.0 0 0 4 6
for

$158,056 72

376
274
3,718

.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

2,198
.
1,980
.

.

.

.
.

.
.

.

Total.
$ 4 ,4 4 5 60
.0 0 3 6 7
$18,811 43
19,018 24

37,829 67

E x a m in a t io n , M a y 18.
/

CENTRAL SAVINGS BANK — LOW ELL.
O l iv e r H . M o u l t o n , President.
Cl a r e n c e W . W

Investment Committee:
W

•
h id d e n ,

Cl a r e n c e W . W

h id d e n ,

Treasurer.

Clerk of the Corporation.

D a n ie l S w a n , A m a sa P r a t t , A r t h u r G. P o l l ar d , C h ar l e s W .
C l a r e n c e W . W h id d e n , H e n r y W . B a r n e s .

il d e r ,

Incorporated March 3, 1871.

Open for business every business day, 9
also Saturdays, 7 to 9 p . m .

a .m .

to 1

p . m .;

Deposits commence to draw interest the first Saturday of February, M ay, August and
Novem ber. Dividends are payable the first Saturday of M ay and Novem ber.

B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
.
Loans on personal security,
B ank building and fixtures,
Expense account,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7 2 8 ,7 0 0
13,700
7 09,000
5 0 ,000
100,000
900
117,234
1,200
2,2 6 8 ,8 0 8
754,609
2 5,000
8
30
115,524
15,456

00
00
00
00
00
00
00
00
00
00
00
61
00
19
68

$4,9 0 0 ,1 7 0 48

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .

;
$ 4 ,5 5 9 ,1 2 8 53
2 2 0 ,0 0 0 00
120,430 97
610 98

$ 4 ,9 0 0 ,1 7 0 48

REPORT OF THE

70

[Pub. Doc,

Central Savings Bank — Continued.
C a sh o n D e p o s it i n B a n k s , A m o u n t in
Old Colony Trust Company, Boston,
Appleton National Bank, Lowell, .
Union National Bank, Lowell,
.

.
.

E ac h : —
.
.
.
.
.
.
.

.
.
.

$18,9 5 6 61
2 5,000 00
7 1,567 58

L o a n o n B a n k St o c k s : —
11 shares Old Lowell National Bank, Lowell,

S c h e d u l e o f S e c u r it ie s O w n e d .

$900 00

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3^s , .
.
.
.
.
.
County of Middlesex, Mass., 4s,
City of Augusta, M e., 4s,
.
.
.
.
Barre, V t., 4s,
.
.
.
.
.
Boston, Mass., 3£s,
.
.
.
.
Boston, Mass., 4s,
.
.
.
.
Brockton, Mass., 4s,
.
.
.
.
Burlington, V t., 4s,
Cambridge, Mass., 4s, .
Chelsea, Mass., 4s,
.
.
.
.
Chicopee, M ass., 3-J-s, .
.
.
.
Chicopee, Mass., 4s,
.
.
.
.
Everett, Mass., 4s,
.
.
.
.
Fall River, Mass., 3^-s,.
Fitchburg, Mass., 4s, .
Haverhill, Mass., 4s, .
.
.
.
H olyoke, Mass., 3^s, .
.
.
.
H olyoke, Mass., 4s,
.
.
.
.
Lawrence, Mass., 4s, .
.
.
.
Lowell, Mass., 4s,
.
.
.
.
L ynn, Mass., 3-j-s,
.
.
.
.
Lynn, Mass., 4s,
.
.
.
.
Malden, Mass., 4s,
.
.
.
Medford, Mass., 4s,
.
.
.
.
Melrose, Mass., 4s,
.
.
.
.
New Bedford, Mass., 3£s,
New Bedford, Mass., 4s,
New ton, Mass., 4s,
N orth Adam s, Mass., 4s,
Pittsfield, Mass., 3-Js, .
.
.
.
Portsmouth, N . H ., 4s,
Providence, R . I., 4s, .
Quincy, Mass., 4s,
.
.
.
Salem, Mass., 3-Js,
.
.
.
.
Salem, Mass., 4s,
.
.
.
.
Somerville, Mass., 4s, .
.
.
.
Taunton, Mass., 3-Js, .
.
.
.
Taunton, Mass., 4s,
.
.
.
.
W alth am , Mass., 4s,
W oburn, Mass., 4s,
Tow n of Abington, Mass., 4s, .
Adam s, M ass., 4s,
.
.
.
.
Arlington, Mass., 4s, .
.
.
.
Athol, Mass., 4s,
.
.
.
.
Belm ont, Mass., 4s, .
Beverly, Mass., 4s,
Billerica, Mass., 3Js, .
.
.
.
Billerica, Mass., 4s, .
.
.
.
Boothbay Harbor, Me., 4s,
Bourne, Mass., 4s,
.
.
.
.
Brookline, Mass., 3£s,
Canton, Mass., 4s,
Clinton, Mass., 3-Js, .
.
.
.
Falm outh, Mass., 4s,
.
.
.
Fram ingham , Mass., 3-Js, .
Gardner, M ass., 4s, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
3 1,000
2 6,000
5,000
52,000
26,000
6,000
10,000
2 0,000
11,000
1,000
16,000
5 ,000
10,000
3 ,000
24,000
10,000
5,000
16,000
20,000
15,000
1,000
17,000
2 ,000
3 ,000
2 5,000
1,000
1,000
4 ,000
2 0,000
5,000
. 3 ,000
8 ,000
3,000
3,000
5,000
3 ,000
10,000
5,000
6 ,000
5,000
19,000
1,000
11,000
1,000
5,000
22,000
3 ,000
2,000
3,000
5 ,000
1,000
7,000
5,000
6 ,000
7 ,000

$50,7 5 0
3 1,130
26 ,7 5 0
5 ,070
50,485
26,767
6,175
10,175
2 0,600
11,000
980
16,200
5 ,200
9 ,8 5 0
3 ,042
24,497
9 ,900
5,075
16,537
2 0,525
14,700
1,030
17,362
2 ,000
3,072
24,400
1,045
1,030
4 ,045
19,350
5,125
3 ,120
8 ,000
2,970
3 ,000
5 ,025
2,917
10,175
5,080
6 ,005
5 ,200
19,405
1,025
11,430
1,000
5,025
2 1,340
3 ,105
2 ,040
3 ,027
4 ,9 0 0
1,000
6 ,720
5 ,050
5 ,760
7,131

00
00
00
00
00
50
00
00
00
00
00
00
00
00
50
50
00
00
50
00
00
00
50
00
50
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
25

$ 5 0 ,0 0 0
31 ,0 0 0
26 ,0 0 0
5 ,000
5 2 ,0 0 0
26 ,0 0 0
6 ,000
10,000
2 0,000
11,000
1,000
16,000
5 ,000
10,000
3 ,0 0 0
2 4,000
10,000
5 ,000
16,000
20,0 0 0
15,000
1,000
17,000
2 ,000
3 ,0 0 0
2 5,000
1,000
1,000
4 ,0 0 0
20 ,0 0 0
5 ,000
3 ,0 0 0
8 ,000
3 ,0 0 0
3 ,0 0 0
5 ,000
3 ,000
10,000
5 ,0 0 0
6 ,000
5 ,0 0 0
19,000
1,000
11,000
1,000
5 ,0 0 0
22 ,0 0 0
3 ,0 0 0
2 ,0 0 0
3 ,0 0 0
5 ,0 0 0
1,000
7 ,0 0 0
5 ,0 0 0
6 ,0 0 0
7 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

71

BANK COMMISSIONER

No. 8.]

Central Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Public Funds — Concluded.
T ow n of Ipswich, Mass., 4s,
Lincoln, Mass., 4s,
.
.
.
Milton, Mass., 3-|s,
.
.
.
Meriden, Conn., 3-J-s, .
.
.
Methuen, Mass., 4s, .
.
.
Montague, Mass., 4s,
Norwood, Mass., 4s, .
N orth Andover, Mass., 44s,
N orth Attleborough, Mass., 4s, .
North Chelmsford, Mass. (Fire
trict), 4s,
.
.
.
.
Peabody, Mass., 4s, .
Randolph, Mass., 4s,
Revere, Mass., 3-|s, .
.
.
W are, Mass., 4s,
.
.
.
W arren, R . I., 3^s,
t .
W atertow n, Mass., 4s,
W estfield, Mass., 4s, .
W inchester, Mass., 3^-s,
.
W inchester, Mass., 4s,

.
.
.
.

.

Estimated
Market Value.

Book Value.

$ 2 ,000
2,000
10,000
20 ,0 0 0
17,000
2 ,000
2,000
2 ,000
5,300

$2 ,0 7 0
2 ,0 3 0
9 ,6 0 0
19,600
17,645
2 ,0 1 0
2 ,0 2 0
2 ,0 0 0
5,459

00
00
00
00
00
00
00
00
00

$2 ,0 0 0
2 ,0 0 0
10,000
20 ,0 0 0
17,000
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
5 ,3 0 0

00
00
00
00
00
00
00
00
00

2 5,000
3 ,000
2,000
10,000
5,400
8 ,000
5,000
5,000
12,000
1,000

2 5,375
3 ,000
2 ,0 0 0
9 ,750
5 ,454
7 ,880
5 ,075
5 ,075
11,520
1,015

00
00
00
00
00
00
00
00
00
00

2 5,000
3 ,0 0 0
2 ,000
10,000
5 ,400
8 ,0 0 0
5 ,000
5 ,0 0 0
12,000
1,000

00
00
00
00
00
00
00
00
00
00

D is-

.
.

$728,700

$731,899 25

$7 2 8 ,7 0 0 00

$ 5 ,000
1,500
7 ,200

$4 ,8 5 0 00
1,590 00
11,520 00

$ 5 ,0 0 0 00
1,500 00
7 ,200 00

$13,700

$17,9 6 0 00

$ 1 3 ,7 0 0 00

$ 25,000
10,000
5 ,000
95 ,0 0 0
10,000
30,000
25,000
2 5,000
5 0,000
2 5,000
5,000
55,000
10,000
7 ,000
3 5,000
3 ,000
2 ,000
1,000
2 5,000
100,000
10,000
6 0,000
2 5,000
12,000
30 ,0 0 0
1,000
5 ,000
2 5,000

$25,7 5 0
9 ,5 0 0
4 ,8 0 0
95 ,6 5 0
9 ,6 0 0
3 0,737
2 8 ,125
2 3 ,125
51 ,2 5 0
23 ,7 5 0
5,075
5 5,960
10,400
7 ,070
3 5,175
3 ,0 9 0
2 ,1 0 0
1,000
25 ,8 7 5
102,250
9 ,6 0 0
62,0 8 5
24,7 5 0
1 2,180
30 ,6 0 0
1,110
5 ,6 5 0
2 2 ,5 0 0

$25,0 0 0
10,000
5 ,0 0 0
9 5 ,0 0 0
10,000
30 ,0 0 0
25 ,0 0 0
24 ,0 0 0
50 ,0 0 0
25 ,0 0 0
5 ,000
5 5 ,0 0 0
1 0,000
7 ,000
3 5 ,0 0 0
3 ,0 0 0
2 ,0 0 0
1,000
2 5 ,0 0 0
100,000
10,000
60 ,0 0 0
2 5 ,0 0 0
12,000
3 0 ,0 0 0
1,000
5 ,0 0 0
2 4 ,0 0 0

Bank Stocks.
5 0 shares Old Lowell National Bank, Lowell,
15 shares Prescott National Bank, Lowell,
72 shares Union National Bank, Lowell, .

Railroad Bonds.
Beech Creek R .R . 4s,
.
.
.
.
.
Boston & A lb an y R .R . 3^s,
.
.
.
.
Boston & Lowell R .R . 3^s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3^s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3-3,-s,
Concord & Montreal R .R . 4s, .
.
.
.
Fitchburg R .R . 4s,
Fitchburg R .R . 44s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4^s,
.
.
.
.
Maine Central R .R . 5s, .
New London Northern R .R . 4s,
N ew London Northern R .R . 5s,
New Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 3^s,
.
.
.
.
.
O ld Colony R .R . 4s,
.
.
.
.
.
Portland & Ogdensburg R .R . 3£s,
Portland & Ogdensburg R .R . 5s,
Portland & R um ford Falls R .R . 4s,
Portsmouth, Great Falls & Conway R .R . 4Js,
R om e, W atertow n & Ogdensburg R .R . 5s,
W ashington County R .R . 3-J-s,
.

.

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$711,0 0 0

$ 7 1 8,757 50

$ 7 0 9 ,0 0 0 00

$50,0 0 0

$51,2 5 0 00

$ 5 0 ,0 0 0 00

$ 1 0 0,000

$1 0 4 ,0 0 0 00

$1 0 0 ,0 0 0 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Company 3-|s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc

KEPOKT OF THE

72

Central Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 4 2 0,375
14,500
2 5 ,000
5 72,815
2 1 5 ,3 0 0

00
00
00
00
00

4
4f
4f
4),
4f

R e a l E s t a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,

:—
.
.
.

.
.
.

$ 9 0 ,5 2 4
2 5 ,0 0 0
3 ,0 0 0
22,5 7 0
1,300

19
00
00
00
00

2
3
3f
3^
3f

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

Amount.

Rate.

Amount.

Rate.

per
per
per
per
per

$ 25,000
1 ,733,116
25,0 0 0
39,0 5 0
45,7 2 5

cent.
cent.
cent.
cent.
cent.

1 Rate.

00
00
00
00
00

$ 2 5 ,0 0 0
3 5 .0 0 0
2 8 .0 0 0
1,115

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
N et income during year,
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o sit A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
To.tal num ber Oct. 31, 1 9 0 6 ,.

.
.
.

.

.
.

.

.
.
.

.
.

.
.

.

.
.
.

.
.
.

G ross I n c o m e

r e c e iv e d

.
.

.

.
.
.

Y

d u r in g

Y

ear,

.

.

.

of

6 4 7 ,3 6 8 47

526
.
.

7 69,719 00

.

.

703
.

.

201,1 8 5 22

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, I f per cent.,
.
M ay, 1906, 2 per cent.,
■.
D ate

7 6 2 ,0 3 2 72

1,313
884
8,771

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $ 9,115 33
$ 4,639 07
Percentage to total assets, .
. 0 0186
.0 0 0 9 4
fo r

8 ,623
.
6,767
.

.

.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $3,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

00
00
00
81

171 34
.
.

.
.

4-J per cent.
5 per cent.
5 j per cent.
S'i per cent.
6 per cent.

E x a m in a t io n , O c t o b er 10

and

.

.
.

.
.

.

Total.
$ 1 3 ,7 5 4 40
.0 0 2 8 0
$71,665 64
8 4,569 76

156,235 4 0

11.

CHARLESTOWN FIVE CENTS SAVINGS BANK — BOSTON.
C h a r l e s F . B y a m , President.
A u g u s t u s W . S t o v e r , Treasurer.
W a r r e n S a n g e r , Clerk of the Corporation.

Investment Committee: Ch a r l e s F . B y a m , B e n j a m in F . S t a c e y , Ch a r l e s M . H o s m e r ,
G e o r g e H . P e n d e r g a s t , G e o r g e M. S t a r b ir d .
Incorporated April 7, 1854. Open for business every business day except Saturdays,
9 a . m . to 2 p . m .; W ednesdays, 3 to 5 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesday of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

73

BANK COMMISSIONER.

No. 8.]

Charlestown Five Cents Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

$8 0 7 ,0 0 0
2 8 0 ,3 0 0
6 9 8 ,9 0 0
75 .0 0 0
110,000
106,000
72 ,3 0 0
5 1 5 .0 0 0
3 2 .0 0 0
100.000
2 ,8 6 4 ,1 9 5
2 ,7 7 3 ,4 0 0
5 2 ,6 3 4
7 0 .0 0 0
1 3 5 ,2 3 0
6 ,922

00
00
00
00
00
00
00
00
00
00
00
00
00
00
03
27

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Prem ium account,

$ 7 ,8 6 4 ,1 0 0 95
3 8 6 ,0 0 0 00
409,4 1 9 02
39,361 33

$8,6 9 8 ,8 8 1 30

$8,698,881 30

C a s h o n D e p o sit in B a n k s , A m o u n t in E ach : —
Metropolitan National Bank, Boston,
N ational Security Bank, Boston, .
.
City Trust Company, Boston,
.
.
.
.
Commonwealth Trust Company, Boston,

$25,0 0 0
5 ,000
5 5,230
5 0,000

L o a n s o n P u b l ic F u n d s , A m o u n t on E a c h : —
$58,0 0 0 Tow n of Kennebec, Me. (W a ter District), 3^s,
2 .000 Chicago, Burlington & Quincy R .R . 3-jS,
1.000 Illinois Central R .R . 3^s, .
.
.
.
5 .000 City of Philadelphia, Pa., 3^s, .
2 .0 0 0 City of Scranton, Pa., 4s,
3 .0 0 0 City of Indianapolis, Ind., 4s, .
4 .0 0 0 City of Erie, Pa., 4s,
.
.
.
.
10.000 City of Boston, Mass., 4s,
1.000 City of Chicago, 111., 3^s, .
.
.
.
7 .0 0 0 Cleveland & Pittsburg R .R . 3 Js,
8 .000 City of Chicago, 111., 4s, .
.
.
.
11.000 City of Boston, Mass., 3^s,
5 .0 0 0 City of Philadelphia, Pa., 3Js, .
5 .000 City of Boston, Mass., 3^s,

15,000

10,000 00
13,000 00
10,000 00
4 ,000 00
4 ,0 0 0 00

o

}

4 ,5 0 0 00
$25,0 0 0 00
25 ,0 0 0 00

3-jS,

00

4s,

J>

125,000 00

I
J
4s,
3-Js,
4s,

}>

50 ,0 0 0 00
5 0 ,0 0 0 00

* This loan is in excess of the legal lim it and additional collateral has been called for.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00

10,000 00
2 5,000 00
2 ,800 00

O
O
CD
iO
oo

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E ach : —
$ 27,000 Fitchburg R .R . 4s, .
.
.
.
.
27 .0 0 0 Fitchburg R .R . 4s, .
10.000 New Y ork , New H aven & H artford R .R .
7 5 .0 0 0 Boston & Maine R .R . 4s, .
.
.
.
68 .0 0 0 New Y ork , New H aven & H artford R .R .
2 5 .0 0 0 Boston & Maine R .R . 4s, .
.
.
.
4 2 .0 0 0 City of Boston 3^s, .
.
.
.
.
14.000 Chicago, Burlington & Quincy R .R . 4s,
30 .0 0 0 New Y ork , New H aven & H artford R .R .
2 8.000 Tow n of Kennebec, Me. (W a te r District),
56 .0 0 0 New Y ork , New H aven & H artford R .R .

$50,0 0 0 00

CO
p
O
O

L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
204 shares Merchants National Bank, Boston,
100 shares Union National Bank, Lowell,
100 shares Union National Bank, Lowell,
3 00 shares Union National Bank, Lowell,
28 shares Atlantic National Bank, Boston, .
16 shares Peoples National Bank, Boston,
30 shares Commercial National Bank, Boston,

00
00
03
00

O
O
*

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on public funds,
Loans on bank stocks,
Loans on railroad bonds,
Loans on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

74

[Pub. Doc

REPORT OF THE

Charlestown Five Cents Savings Bank — Continued.
$ 6 ,000
2 .000
1.000
1.000
1.000
500
2 5 .0 0 0
5 2 .0 0 0
28 .0 0 0
6 .000
1.000
2 .000
1.000
1.000
5 .000
1.000
5 .000
16.000
11.000

Illinois Central R .R . 3^s, .
.
.
Cleveland & Pittsburg R .R . 3-Js,
City of Philadelphia, Pa., 3^s, .
City of South Bend, Ind., 4s,
City of Reading, Pa., 4s, .
.
.
City of Scranton, Pa., 4s,
Fitchburg R .R . 4s, .
Fitchburg R .R . 4s, .
Fitchburg R .R . 4s, .
.
.
.
Cleveland & Pittsburg R .R . 3Js,
City of Taunton, Mass., 4s,
City of New H aven, Conn., 4s, .
City of Bridgeport, Conn., 4s, .
County of Hillsborough, N . H ., 4s,
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Quincy R .R .
New Y o rk Central & Hudson R iver
New Y ork, New H aven & Hartford
Bangor & Aroostook R .R . 5s, .

.
$10,000 00
.
2 5,000 00
5 0,000 00
2 5,000 00

.

10,000 00

4s,
31rs,
R .R . 3^s,
R .R . 3|a,
.

10,000 00
25 ,0 0 0 00

L o a n s o n R a il r o a d St o c k s , A m o u n t o n E a c h : —
105 shares New Y ork , New H aven & Hartford R .R .,
62 shares Boston & A lb an y R .R .,
31 shares Boston & Providence R .R ., .

$ 1 5 ,0 0 0 00
17,000 00

Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3- |s, .
.
.
.
C ity of Augusta, M e., 4s,
Boston, Mass., 4s,
Bridgeport, Conn., 4s,
Holyoke, Mass., 4s,
Kansas City, M o., 4^-s,
Kansas City, M o., 5s, .
Malden, Mass., 4s,
Manchester, N . H ., 5 s ,.
Medford, Mass., 4s,
Milwaukee, W is., 4s,
New Bedford, Mass., 4s,
New H aven, Conn., 4s,
New ton, Mass., 4s,
Providence, R . I., 4s, .
Somerville, Mass., 4s, .
Taunton, Mass., 4s,
Troy, N . Y ., 4s,
Y oungstow n, O., 5s,
T ow n of Great Barrington, Mass., 4s,
Lexington, Mass., 4s,
Natick, Mass., 4s,
South W a y n e, Ind., 6s,
W akefield, Mass., 4s,

$ 1 1 3,000
2 5,000
7 6,000
3 ,000
38 ,0 0 0
25 ,0 0 0
5,000
45 ,0 0 0
5 0,000
5 0,000
39 ,0 0 0
6 6,000
5,000
5 0,000
5 4,000
15,000
14,000
15,000
2 5,000
11,000
50,000
16,000
5 ,000
12,000

$113,282
2 5 ,875
77,755
3 ,090
3 8,380
2 5,125
5,400
46 ,2 5 0
53,250
51,150
3 9,885
67,320
5,145
51,125
5 6 ,520
15,320
14,070
15,450
2 8,375
11,220
5 0,300
16,400
5,650
12,360

50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 8 0 7,000

$828,697 50

$113,0 0 0
2 5 ,000
76 ,0 0 0
3 ,000
3 8 ,000
2 5 ,000
5 ,000
45 ,0 0 0
5 0 ,000
5 0 ,000
39 ,0 0 0
6 6 ,000
5,000
50,000
5 4,000
15,000
14,000
15,000
2 5,000
11,000
5 0,000
16,000
5 ,000
12,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$8 0 7 ,0 0 0 00

Bank Stocks.
12
145
250
500
3 00
250
150
65
2 24
263
342

shares Andover National Bank, Andover,
shares Boylston National Bank, Boston,
shares Commonwealth Trust Co., Boston, .
shares Continental National Bank, Boston, .
shares Eliot National Bank, Boston, .
shares First National Bank, Boston, .
shares First W a rd National Bank, Boston,
shares Freemans National Bank, Boston,
shares M etropolitan National Bank, Boston,
shares N a t’] B ank of Commerce, Boston,
shares N a t’ l B ank of the Republic, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$ 1,200
14,500
2 5,000
_

30 ,0 0 0
25 ,0 0 0
15,000
6,500
2 2,400
2 6,300
34 ,2 0 0

$ 1,800
14,500
4 5,000
2,500
6 0,000
73,750
26 ,2 5 0
7,475
26,656
4 2 ,0 8 0
5 6,430

00
00
00
00
00
00
00
00
00
00
00

$ 1,200 00
14,500 00
25 ,0 0 0 00
30 ,0 0 0
2 5 ,000
14,800
6,500
2 2,400
2 6.300
3 4,200

00
00
00
00
00
00
00

75

BANK COMMISSIONER

No. 8.]

Charlestown Five Cents Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

27
24
123
Ill
150
13
75
25
50
67
147

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Bank Stocks — Concluded.
N ’l Market B ’k of Brighton, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
W ebster & A tlas N a t’l Bank, Boston,
H om e National Bank, Brockton,
Conway National Bank, Conway,
W achusett N a t’ l Bank, Fitchburg, .
Union National Bank, Lowell,
Essex Trust Company, Lynn, .
Blue H ill National Bank, Milton,
New ton National Bank, Newton,

$2,700
2,400
12,300
11,100
15,000
1,300
7,500
2,500
5,000
6,700
14,700
$281,300

Estimated
Market Value.

$2,808
5,352
18,327
16,428
2 7,000
1,300
7,500
4 ,000
10,000
8,710
13,230

00
00
00
00
00
00
00
00
00
00
00

$471,096 00

Book Value.

$ 2 ,700
2 ,400
12,300
11,100
15,000
1,300
7 ,500
2 ,500
5 ,000
6 ,700
13,900

00
00
00
00
00
00
00
00
00
00
00

$2 8 0 ,3 0 0 00

Railroad Bonds.
B oston, Clinton, Fitchburg & New Bedford
R .R . 5s,
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 44s,
.
.
.
.
Burlington & Missouri River R .R . 6s,
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R 44s,
Concord & Claremont R .R . 44s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
N ew Y ork, New H aven & H artford R .R . 4s,
New England R .R . 4s,
Pennsylvania R .R . 4s,
.
.
.
.
.

$26,000
12,000
125,000
39,200
10,000
59,000
25,000
50,000
100,000
150,000
40,0 0 0
2 5,000
2 5,000
17,000

$26,780
12,000
140,000
4 2 ,336
10,200
6 6,080
25,750
51,000
100,555
151,500
4 0,200
2 5,250
25,875
17,680

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$26,0 0 0
11,700
125,000
3 9,200
10,000
59,0 0 0
25,0 0 0
5 0,000
9 6 ,0 0 0
150,000
4 0 ,0 0 0
2 5,000
2 5,000
17,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$703,200

$735,206 00

$69 8 ,9 0 0 00

$75,000

$76,050 00

$75,0 0 0 00

$110,000

$114,400 00

$ 1 1 0,000 00

Street Railway Bonds.
W e s t E n d Street R ailw ay Co. 4s,

Boston Terminal Com pany Bonds.
Boston Terminal Company 34s,

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$ 5 5 ,0 0 0
5 ,230
75 .0 0 0
54 .0 0 0
277,100

Rate.

00
03
00
00
00

2

per cent.

24 per cent.
3 per cent.
3 4 per cent.
4 per cent.

Amount.

$ 2 1 7,500
1 ,320,800
822,0 5 0
180,000
2,7 7 1 .7 9 5

Rate.

00
00
00
00
00

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value,
.
.
.
.
.
.
.
N et income during year,

44
44
4f
4|5

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

.
.

.
.

.

.

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
Am ount invested,
.
.
.
. . .
Assessed value, .
.
N et income during year,
.
.
.
.
.

.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.

Rate.

Amount.

$ 1 7 5,000
4 6 5 ,9 8 0
25 ,0 0 0
153,670

00
00
00
00

54
54
5|
6

per
per
per
per

cent.
cent.
cent.
cent.

$70,000
7 0,000
6 8,000
1,455

00
00
00
24

52,634 00
62,200 00
1,637 04

76

REPORT OF THE

[Pub. Doc

Charlestown Five Cents Savings Bank — Concluded.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
N um ber of withdrawals during year,
A m ount of same,

18,254
$ 1 ,3 53,647 25
13,152
1,071,511 87

D e p o s it A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 190 6 ,.

2,643
1,744
19,108

S t a t ist ic s op L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

d u r in g

Y

9 3 9 ,6 4 5 0 0
890

ear,

362,7 1 6 36

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$16,1 9 4 17
$ 2,162 61
Percentage to total assets, .
. 00186
.0 0 0 2 5
for

Y

689

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

of

E x a m in a t io n , J u l y 2

and

.
.

.
.

.
.

Total.
$18,3 5 6 78

.00211
$142,178 96
147,705 24

2 8 9 ,8 8 4 2 0

3.

CHELSEA SAVINGS BANK - CHELSEA.
W

il l ia m

R o b in s o n , President.
A l b e r t A . F ic k e t t , Treasurer.
A l b e r t A . F ic k e t t , Clerk of the Corporation.

Investment Committee:

A l b e r t A . F ic k e t t , B e n j a m in F . D o d g e , G eo r g e E . M o r r il l ,
A b r a m T . C o l l ie r , Ch a r l e s G. R o b e r t s .

Incorporated April 29, 1854.

Open for business every business day, 8
also Saturdays, 4 to 8 p . m .

a .m .

to 1

p .m . ;

Deposits commence to draw interest the fifteenth day of January, April, July and October.
Dividends are payable the fifteenth day of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on public funds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L iabilities .

$ 4 8 8 ,8 2 0
4 2 .0 0 0
670,2 8 7
9 0 .0 0 0
1,550
10,350
67,3 3 0
2 ,5 0 3 ,3 8 8
1,4 8 4 ,3 0 5
37,241
36,8 2 3
6 ,5 2 5
21 ,8 1 8
1,958
4 ,1 3 4

00
00
50
00
00
00
00
00
00
59
52
69
38
12
54

$ 5 ,4 6 6 ,5 3 2 34

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$ 5 ,0 08,861 17
2 5 0 ,7 0 0 00
173,844 49
3 3 ,1 2 6 6 8

$ 5 ,4 6 6 ,5 3 2 34

BANK COMMISSIONER

No. 8.]

77

Chelsea Savings Bank — Continued.
C a sh o n D e p o sit in B a n k s , A m o u n t in E ach : —
N ational Shawmut Bank, Bos t on, .
.
.
.
First National Bank, Chelsea (in liquidation),
W innisim m et National Bank, Chelsea,
.
L o a n s o n P u b l ic F u n d s , A m o u n t o n E a c h : —
$1 ,0 5 0 U nited States 4s,
.
.
.
.
.
500 United States 4s,
.
.
.
.
.
L oans

.

$ 6,518 10
1,958 12
15,300 28
$1,0 5 0 00
500 00

.
.

B a n k St o c k s , A m o u n t o n E a c h : —
shares Fourth National Bank, Boston,
shares National Shawmut Bank, Boston,
shares First National Bank, Bangor, Me.,
shares First National Bank, Chelsea,
shares W innisim m et National Bank, Chelsea,

on

4
151
24
25
20

$ 300
5 ,000
1,650
1,900
1,500

.

00
00
00
00*
00

* In liquidation.

Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

P ublic Funds.
C ity of Akron, O., 4-.)-s, .
Augusta, Me., 4s,
Barre, V t., 3^s, .
Boston, Mass., 4s,
Dayton, O ., 4s, .
Everett, Mass., 4s,
Fort W ayn e, Ind., 4Js,
Gardiner, Me., 4s,
Grand Rapids, Mich., 4s,
Keene, N . H ., 4s,
Lawrence, Mass., 4s,
Lewiston, Me., 4s,
Lowell, Mass., 4s,
M cKeesport, Pa., 4s, .
New ton, Mass., 4s,
Saginaw, Mich., 4s,
Taunton, Mass., 4s,
W alth am , Mass., 4s,
Y oungstow n, O., 5s,
T ow n of Canton, M ass., 4s,
Gardner, Mass., 4s,
Mansfield, Mass., 4s, .
Marblehead, Mass., 4s,
Norwalk, Conn., 4s, .
W akefield, Mass., 4s,
W atertow n, Mass., 4s,

$ 9 ,000
2 5 ,000
6,000
70,000
10,000
10,000
2 0,000
6,000
8 ,000
8,000
25,000
3 0,000
8 ,000
15,000
7 5,000
2 5,000
2 5,000
12,000
14,000
8,000
10,000
2,000
1,000
31,000
24,000
12,000
$489,000

$9,300
2 5,750
5,760
71,787
10,125
10,325
2 0 ,800
6,015
8 ,040
8 ,020
25,625
30,550
8 ,160
15,337
76,537
25,087
25,562
12,300
14,922
8,073
10,200
2,060
1,000
31,000
24,720
12,303

00
00
00
50
00
00
00
00
00
00
00
00
00
50
50
50
50
00
50
75
00
00
00
00
00
75

$499,362 50

$ 9,000
2 5 ,000
5,820
7 0 ,000
10,000
10,000
20 ,0 0 0
6 ,000
8 ,000
8 ,000
2 5,000
3 0,000
8 ,0 0 0
15,000
7 5,000
2 5,000
25,000
12,000
14,000
8,000
10,000
2 ,000
1,000
3 1,000
24 ,0 0 0
12,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00

$488,820 00

Bank Stocks.
31
200
52
20
87
15
15

shares
shares
shares
shares
shares
shares
shares

First National Bank, Boston, .
Merchants National Bank, Boston, .
National Bank of Commerce, Boston,
National Exchange Bank, Boston,
State National Bank, Boston, .
W innisim m et National Bank, Chelsea,
Union National Bank, Lowell,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,100
20,000
5,200
2,000
8,700
1,500
1,500
$ 42,000

* A legal investment when made.

$9,145
4 2,000
8,320
3 ,200
12,963
2 ,100
2,400

00
00
00
00
00
00
00

$80,128 00

$ 3,100
2 0,000
5,200
2 ,000
8 ,700
1,500
1,500

00
00
00
00
00
00
00

$42,000 00

REPORT OF THE

78

[Pub. Doc

Chelsea Savings Bank — Continued.
Par Value.

Schedule op Secueities Owned .

Estimated
Market Value.

Book Value.

Railroad Bonds.
$15,0 0 0
2 5,000
2 5,000
2 5,000
45 ,0 0 0
20 ,0 0 0
15,000
10,000
2 0,000
2 5,000
10,000
15,000
2 5,000
4 5,000
25,000
30,000
10,000
3 1,000
25,000
2 5 ,000
2 5 ,000
65,000
5,000
2 0,000
70,000
2 5,000

Beech Creek R .R . 4s,
.
.
.
.
Boston & A lb an y R .R . 34s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 44s,
Boston & Providence R .R . 4 s ,.
Boston, Revere Beach & L ynn R .R . 44s, .
Burlington & Missouri River R .R . 6s,
Chicago, Burlington & Quincy R .R . 34s, .
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3Js,
Connecticut River R .R . 34s,
.
.
.
.
Fitchburg R .R . 4s,
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3s, .
Illinois Central R .R . 34s,
Illinois Central R .R . 4s, .
.
.
.
Michigan Central R .R . 4s,
Michigan Central R .R . 5s,
N ew Y o rk Central & Hudson R iver R .R . 34s,
N ew Y ork & New England R .R . (terminal) 4s,
N ew Y ork, New H aven & H artford R .R . 34s,
N ew Y ork, New H aven & H artford R .R . 4s,
N ew Y ork , Providence & Boston R .R . 4s,
Norwich & W orcester R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
Sioux City & Pacific R .R . 34s,

$ 15,225
2 3 ,000
2 5 ,375
2 7 ,625
4 5 ,675
2 1,400
16,275
9 ,250
20,400
23,250
9 ,500
15,185
2 7,000
3 6,450
23,000
3 0,450
10,200
35,727
23,437
27,750
23,000
65,812
5,075
20,300
70,875
2 3,250

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
50
00
00
50
00
00
00
00

$ 15,000
2 5,000
25 ,0 0 0
2 5,000
45 ,0 0 0
2 0,000
15,000
9,675
20,0 0 0
25,0 0 0
10,000
15,000
25,0 0 0
4 0,362
2 5,000
30 ,0 0 0
10,000
3 1,000
24,250
2 5 ,000
2 5 ,000
6 5,000
5 ,000
2 0,000
7 0,000
2 5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00

$676,000

$674,487 50

$670,287 50

$ 40,000
50,000

$40,600 00
5 0,750 00

$ 40,000 00
50,000 00

$90,0 0 0

$ 91,350 00

$90,0 0 0 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
W e st E nd Street R ailw ay Co. 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 6 ,518
15,300
18,980
4 8 ,3 5 0
4 3 ,0 0 0

Rate.

10
28
00
00
00

2

per cent.
cent.
3 f per cent.
4 per cent.
44 per cent.

24 per

Amount.

$ 1 2 3,000
135,000
2 ,7 7 2 ,7 5 8
50,0 0 0
198,500

Rate.

00
00
00
00
00

44
4f
5
54
54

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

Amount.

Rate.

$ 2 6 7,905 00
83 ,0 0 0 00
326,430 00

54 per cent.
5 f per cent.
6 per cent.

R e a l E st a t e f o b B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
.
Estim ated value,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

O t h e r w is e : —
.
.
.
.
.

or

37,241 59
83 ,5 0 0 OO

.

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$36,823 5 2
4 4,000 0 0
3 2,950 OO

2 8,752
1,112,479 51

.
17,755
.

1 ,102,537 3 7

No. 8.]

BANK COMMISSIONER.

7$

Chelsea Savings Bank — Concluded.
D e p o sit A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.

,

.
.
.

.
.
.

.

2,786
2 ,258
18,218

.

S t a t is t ic s of L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T otal E x p e n se s

d u r in g

Y

243,6 3 2 8 8

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

of

$1,4 6 1 ,8 9 3 0 0

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 10,672 50
$1,701 59
Percentage to total assets,
.0 0 1 9 5
.00031
for

Y

1,043
.
1,168

E x a m in a t io n , M a y 11

and

.
.

.
.

.
.

Total.
$12,3 7 4 09
.0 0 2 2 6
$ 9 1 ,9 4 6 83
9 4 ,0 1 0 85

185,957 6 8

12.

CHICOPEE SAVINGS BANK — CHICOPEE.
Jo h n B . W

ood ,

President.

R u s s e l l L . S c o tt , Treasurer.

L uth er W

Investment Committee:

h it e ,

Clerk of the Corporation.

J o h n B . W ood , C o r n e l iu s J. D r isc o l l , N e l s o n B . C a r t e r ,
W il l ia m J. F u l l e r .

Incorporated Feb. 27, 1845.

Open for business every business day, 9

a .m .

to 3

p.m .

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on public funds,
Loans on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L iabilities .

$95,9 6 2
14,200
387,4 3 2
100,000
75 .0 0 0
6 0 .0 0 0
12,405
150,800
1,465
8 1 5 ,5 5 0
144,989
2 ,678
1,338
231
17,663
2 ,762

50
00
50
00
00
00
00
00
00
14
50
83
31
58
80
18

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$ 1 ,8 8 2 ,4 7 9 34

C a sh o n D e p o sit in B a n k s , A m o u n t in E ach : —
Chapin National Bank, Springfield,
.
Chicopee National Bank, Springfield,
.
.
.
.
Pynchon National Bank, Springfield (in liquidation),
Springfield National Bank, Springfield, .
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,
Union Trust Company, Springfield,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1 ,7 8 9 ,3 7 2 10
7 4,600 00
9 ,1 1 5 06
9 ,392 18

$1,8 8 2 ,4 7 9 34

$ 1,005
2 ,0 2 4
100
5 ,070
3 ,036
6,427

18
00
94
12
40
16

REPORT OF THE

80

[Pub. Doc

Chicopee Savings Bank — Continued.
L o a n s o n P u b l ic F u n d s , A m o u n t o n E ach : —
$ 2 5 ,0 0 0 City of Hartford, Conn., 3^s,
.
2 5 .0 0 0 City of Springfield, Mass., 3-J-s, .
10.000 City of Springfield, Mass., 3-J-s, .

$ 25,000 00
25,000 00
10,000 00

L o a n s o n R a il r o a d S t o c k s , A m o u n t o n E ach : —
8
shares Boston & A lb an y R .R .,
.
39
shares Boston & A lb an y R .R .,
.
45 shares New Y ork , New H aven & H artford R .R .,

Schedule op Securities Owned.

Par Value.

$405 00
12,000 00

Estimated
Market Value.

Book Value.

P ublic Funds.
C ity of Altoona, Pa., 4 s ,.
Boston, Mass., 4s,
Chicopee, Mass., 3JfS, .
Chicopee, Mass., 4s,
Lynn, Mass., 4s,
Portland, Me., 6s,
Providence, R . I., 4s, '.
Springfield, Mass., 3-j-s,
T ow n of Beverly, Mass., 4s,
Rockport, Mass., 4s, .

$26,0 0 0
10,000
4 ,0 0 0
18,000
10,000
5,000
10,000
5,000
5 ,000
3 ,000

$26,622
10,450
3 ,950
18,426
10,250
5,112
10,225
4 ,987
5,050
3,000

$96,0 0 0

$98,073 75

$95,962 50

$6 ,6 0 0
5,000

$7,920 00
8 ,500 00

$ 6,600 00
7,600 00

$11,600

$ 16,420 00

$14,2 0 0 00

$25,0 0 0
2 5,000
5,000
8 ,000
5 3,000
25,000
10,000
2 0,000
19,000
5 ,000
3 0 ,000
11,000
3 ,000
2 ,000
5 ,000
4 0,000
45 ,0 0 0
9 ,000
18,000
2 0,000
5 ,000
8 ,000

$23,750
23,875
5,600
8 ,160
4 9 ,025
23,875
9 ,500
19,050
19,145
4,000
27,575
11,027
3,157
1,890
5,237
36,700
4 5,487
8,572
18,600
20,300
4 ,700
8 ,280

50
00
00
25
00
50
00
50
00
00

$ 2 6 ,0 0 0
10,000
4 ,0 0 0
18,000
10,000
5 ,000
10,000
4 ,962
5,000
3,000

00
00
00
00
00
00
00
50
00
00

Bank Stocks.
66 shares Chapin National Bank, Springfield,
50 shares Union Trust Co., Springfield,

Railroad Bonds.
Boston & A lb an y R .R . 3-js,
Boston & Maine R .R . 3^s,
Boston & Maine R .R . 44s,
Boston & Providence R .R . 4 s ,.
Chicago, Burlington & Quincy R .R . 3-jS, .
Connecticut River R .R . 3-J-s,
Erie & Pittsburgh R .R . 3^s,
Fitchburg R .R . 3^s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
Illinois Central R .R . 3^s,
Maine Central R .R . 4s, .
.
.
.
Maine Central R .R . 5s, .
Michigan Central R .R . 3Js,
Michigan Central R .R . 6s,
N ew Y ork, New H aven & H artford R .R . 3-J-s,
N ew Y ork, New H a ven & H artford R .R . 4s,
O ld Colony R .R . 3£s,
.
.
.
.
O ld Colony R .R . 4s,
.
.
.
.
Portland & Rum ford Falls R .R . 4s,
Sioux City & Pacific R .R . 3Js,
Verm ont Valley R .R . 5s, r

$ 3 9 1,000

00
00
00
00
00
00
00
00
00
00
00
50
50
00
50
00
50
50
00
00
00
00

$ 3 7 7,507 50

$25,0 0 0
2 4,662
5 ,000
8 ,000
52,951
2 5,000
9,975
2 0,000
19,000
4 ,387
2 9 ,462
11,000
3 ,000
1,930
5,000
3 8 ,670
45 ,0 0 0
8 ,606
18,000
2 0 ,000
4,787
8 ,000

00
50
00
00
25
00
00
00
00
50
50
00
00
00
00
00
00
25
00
00
50
00

$387,432 50

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
Springfield Street R ailw ay Co. 4s,
W e st E n d Street R ailw ay Co. 4s,

$55,000
3 0,000
15,000

$56,100 00
30,375 00
15,250 00

$ 55,000 00
3 0 ,000 00
15,000 00

$ 1 0 0,000

$101,725 00

$ 1 0 0,000 00

$75,0 0 0

$78,0 0 0 00

$75,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

81

BANK COMMISSIONER.

No. 8.]

Chicopee Savings Bank— Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 17,562
9 .0 0 0
5 .0 0 0
65,3 0 0

Amount.

Rate.

86
00
00
00

3
3f
3f
4

per
per
per
per

cent.
cent.
cent.
cent.

$23,000
229,250
15,000
46 ,5 0 0

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value,
.
.

or

.
.

00
00
00
00

4J per
per
4 f per
4 f per

$787,159 64
5 ,1 0 0 94

cent.
cent.
cent.
cent.

D e p o s it A c co u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.
.
.

$ 2,678 83
2 ,7 0 0 0 0
.

.

.

4 ,547

.

.

.
.
.

.
.
.
.

r e c e iv e d

Y

d u r in g

Y

ear,

.

.

.
.
.

.

of

311,5 9 2 4 0

.
726
495
3 ,5 6 6
451

4 5 5 ,6 4 4 50

.
.
.

437
.

7 9,323 23

.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
D ate

2 ,635
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $2 ,7 6 7 00
$1 ,2 0 8 69
Percentage to total assets, .
.0 0 1 4 6
.0 0 0 6 4
for

3 7 0 ,8 6 2 03

.
.

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

T o tal E x p e n se s

5 per cent.
6 per cent.

O t h e r w is e : —
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
.
A m ount of same,
.
.
.
.
.
N um ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
.

G ross I n c o m e

Rate.

Amount.

Rate.

E x a m in a t io n , J u l y 9

and

.

.
.

.
.

.

Total.
$3 ,9 7 5 69
.0 0 2 1 0
$ 31,976 67
33 ,4 5 6 81

6 5,433 48

10.

CHICOPEE PALLS SAVINGS B A N K — CHICOPEE PALLS.
G e o r g e S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J. B o y d , Clerk of the Corporation.

Investment Committee:

Ja m e s F l in t , F r e d N . W it h r e l , G e o r g e M . M o r t o n , W
m a n S. P a g e .

Incorporated M ay 11, 1875. Open for business every business day, 9
Thursdays and Saturdays, 6 to 8 p . m .

a .m .

to 3

p .m .;

ood ­

also

Deposits commence to draw interest the first day of January, April, July and O ctober.
Dividends are payable the first day of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

82

Chicopee Falls Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities.

Assets.

$13,0 0 0
18,460
84 ,5 9 3
20,0 0 0
11,000
20 ,0 0 0
1,350
624,348
202,061
514
2 ,500
2 6 ,9 0 4
1,981

Public funds,
.
.
.
.
B ank stocks,
.
. '
R ailroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

00
00
75
00
00
00
00
45
83
15
00
13
77

$ 9 8 0,263 45
25,231 26

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

17,470 20
3,749 17

$ 1 ,0 2 6 ,7 1 4 08

$ 1 ,0 2 6 ,7 1 4 08

C a sh o n D e p o sit in B a n k s , A m o u n t in E ach : —
. Chicopee National Bank, Springfield,
.
Chapin National Bank, Springfield,
.
.
•
Pynchon National Bank, Springfield (in liquidation),
Springfield National Bank, Springfield, .
Springfield Safe Deposit and Trust Company, Springfield,
Union Trust Co., Springfield,
.
H om e National Bank, H olyoke,
.

S

c h e d u l e

o r

Se

O

c u r it ie s

w n e d

.

$1 ,0 9 4
3 ,3 4 4
248
4 04
623
186
21 ,0 0 2

Par Value.

Estimated
Market Value.

Book Value.

$ 13,000

$13,000 00

$ 1 3 ,0 0 0 00

Public Funds.
City of Chicopee, Mass., 3^s,

.

.

.

.

Bank Stocks.
16
20
50
13
4
40
25
20

shares Franklin County N ’l B ’k, Greenfield, .
shares H a dley Falls N a t’l Bank, H olyoke,
shares H om e National Bank, H olyoke,
shares Palmer National Bank, Palmer,
shares Agaw am National Bank, Springfield, .
shares Chapin National Bank, Springfield,
.
shares Chicopee National Bank, Springfield, .
shares Springfield Safe Deposit & Trust Co.,
Springfield,
.
.
.
■
•
■

30
33
09
79
41
32
89

$ 1,600
2,000
5,000
1,300
60
4 ,000
2,500

$ 1,680
2 ,780
6 ,000
1,300
20
4 ,8 0 0
3 ,7 5 0

00
00
00
00
00
00
00

$ 1,600
2 ,0 0 0
5,0UU
1,300
60
4 ,0 0 0
2 ,5 0 0

00
00
00
00
00
00
00

4 ,0 0 0 00

2 ,0 0 0 00

$ 18,460

$ 2 4 ,3 3 0 00

$18,4 6 0 00

$25,000
10,000
5,000
20,000
2 5,000

$23,1 2 5
9 ,5 5 0
4 ,600
18,400
25 ,2 0 0

$24,818
10,000
5 ,0 0 0
19,775
25 ,0 0 0

$85,000

$80,8 7 5 00

$84,593 75

$10,0 0 0
10,000

$10,2 2 5 00
10,100 00

$10,0 0 0 00
10,000 00

$ 20,000

$20,325 00

$ 2 0 ,0 0 0 00

$10,000

$10,4 0 0 00

$11,0 0 0 00

2,000

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 3^s, .
Fitchburg R .R . 3£s,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
N ew Y ork , New H a ven & H artford R .R . 3Js,
New Y ork, New H aven & H artford R .R . 4s,

.

00
00
00
00
00

Street Railw ay Bonds.
Boston Elevated Railwrav Co. 4s,
Springfield Street R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3-j-s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

75
00
00
00
00

BANK COMMISSIONER.

No. 8.]

83

Chicopee Falls Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

$1 ,0 9 4 30
4 ,5 5 8 85
21,0 0 2 89

Rate.

Amount.

4 f per cent.
4 \ per cent.
4-| per cent.

$6 6 4 ,7 6 0 28
248 09

Amount.

2-j- per cent.
3 per cent.
3J per cent.

$20,0 0 0 00
138,000 00
25 ,0 0 0 00

D e po sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

G ross I n c o m e

r e c e iv e d

.

.

.

Y

d u r in g

Y

of

2 ,0 1 1
158,607 11

.

.

.

.

.

.

.

.

574
347
2 ,649
276
3 2 7 ,5 6 0 28
260
4 2 ,2 9 0 35

ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, 2 per cent.,
D ate

per cent.
per cent.

$2 3 1 ,0 8 3 36
’

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 1,753 4 0
$696 43
Percentage to total assets, .
.00 1 7 1
.0 0 0 6 7
fo r

5
6

4 ,342
.

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $ 3,000 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

Rate.

Total.
$ 2,449 83
.0 0 2 3 8
$16,453 33
17,748 53

34,201 86

E x a m in a t io n , J u l y 10.

CITIZENS’ SAVINGS BANK — FALL RIVER.
J o h n C. M il n e , President.
E . E . H a t h a w a y , Treasurer.
G eo r g e H . E d d y , Clerk of the Corporation.

Investment Committee:

J o h n C. M il n e , W il l ia m F . T h o m a s , H e n r y H . E a r l , S a m u e l
W . H a t h a w a y , Ja m e s M . Sw i f t .

Incorporated October, 1851.

Open for business every business day, 9

a .m .

to 2

p.m .

Deposits commence to draw interest the first M onday of March, June, Septem ber and
December. Dividends are payable the second M onday of June and December.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

84

Citizens’ Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities .

A ssets.

$ 1 4 2,000
247,8 1 2
1,180 ,8 0 0
111,000
10,766
2,313 ,3 9 3
826,8 6 5
84,7 5 0
100,000
6 ,566
38,211
11,370

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

00
50
00
00
54
00
00
41
00
58
00
52

Deposits,
G uaranty fund,
Suspense account,
Discount,

$4,6 1 1 ,6 0 5
226,862
25,129
209,9 3 8

$5,0 7 3 ,5 3 5 55

$5,0 7 3 ,5 8 5 55

C a s h o n D e p o s it in B a n k s , A m o u n t i n E ach : —
Eliot National Bank, Boston,
.
.
.
.
First National Bank, Boston,
.
.
.
.
National B ank of the Republic, Boston,
.
.
Second National Bank, Boston,
.
.
.
.
Massasoit-Pocasset National Bank, Fall River,
.

.
.

.
.

.
.
.
.
.

$4,267
21 ,5 2 6
5 ,004
7 ,002
409

Estimated
Market Value.

Book Value.

.

.

.

.
.

Par Value.

Schedule op Securities Owned .

85
01
35
34

.

74
22
65
83
56

Public F unds.
City of B a y City, M ich., 8s,
.
Chicago, 111., 4s,
.
Indianapolis, Ind., 4s,
Kansas City, M o., 44s,
Milwaukee, W is., 5s,

.
.

.
.
.

.
.
.

.

$500
75,000
2 3,000
3 0,000
13,500
$ 1 4 2,000

$ 555
76 ,0 0 0
23,6 9 0
31,5 0 0
13,845

00
00
00
00
00

$ 1 4 5,590 00

$500
75,0 0 0
23 ,0 0 0
30 ,0 0 0
13,500

00
00
00
00
00

$ 1 4 2,000 00

Bank Stocks.
6
6
93
89
50
77
25
188
50
114
184
1,070
506
161
800
40

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
Fall
shares
shares
shares
shares

Commonwealth Trust Co., B o s to n ,.
Continental N a t’l Bank, Boston,
Eliot National Bank, Boston,
First National Bank, Boston,
Merchants National Bank, B o sto n ,.
N a t’l Bank of Commerce, Boston, .
N a t’l Bank of the Republic, Boston,
National Shawmut Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston,
Fall River N ’l Bank, Fall River,
Massasoit-Pocasset National Bank,
River,
.
.
.
.
.
M etacom et N a t’l Bank, Fall River,
National Union Bank, Fall River, .
Pocasset N a t’l Bank, Fall River, .
Union National Bank, Lowell,

$600
-

9,300
8 ,900
5 ,000
7,700
2,500
18,800
5,000
11,400
18,400
107,000
5 0,600
-

4 ,0 0 0
$249,2 0 0

$1 ,0 8 0
30
18,600
2 6,255
10,500
12,320
4 ,125
51 ,3 2 4
11,150
16,986
2 4,288

00
00
00
00
00
00
00
00
00
00
00

176,550
6 8,310
322
1,600
6 ,400

00
00
00
00
00

$4 2 9 ,8 4 0 00

$600 00
-

9 ,3 0 0
8 ,9 0 0
5 ,000
7 ,700
2 ,500
18,800
5 ,0 0 0
11,400
17,012

00
00
00
00
00
00
00
00
50

1 07,000 0 0 *
50 ,6 0 0 00
-

4 ,0 0 0 00
$ 2 4 7,812 50

* The bank has been notified that this am ount is in excess of the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER

85

Citizens’ Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

Railroad, Bonds.
Bangor & Aroostook R .R . 5s, .
Boston & Maine R .R . 4^s,
Boston, Revere Beach & L ynn R .R . 4-Js, .
Cedar Rapids & Missouri River R .R . 7s, .
Chicago, Burlington & Quincy R .R . 5s,
Chicago & Northwestern R .R . 6s,
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 4^s,
Fitchburg R .R . 5s,
.
.
.
.
Fremont, Elkhorn & Missouri Valley R .R . 6s,
Housatonic R .R . 5s,
.
.
.
Illinois Central R .R . 3|s,
Illinois Central R .R . 4s, .
.
. •
Mahoning Coal R .R . 5s, .
Maine Central R .R . 5s, .
Maine Central R .R . 7s, .
Michigan Central R .R . 5s,
Milwaukee, Lake Shore & W estern R .R . 5s,
Milwaukee, Lake Shore & W estern R .R . 6s,
N ew England R .R . 5s,
N ew Y ork , Lackawanna & W estern R .R . 6s,
New Y ork, New H aven & H artford R .R . 4s,
Northwestern R y . 7s,
O ld Colony R .R . 4s,
.
.
.
Portsmouth, Great Falls & Conway R .R . 4^s,
Rensselaer & Saratoga R .R . 7s,
St. Johnsbury & Lake Champlain R .R . 5s,
T roy & Boston R .R . 7s,
.
.
.
W in o n a & St. Peters R .R . 7s, .
W orcester, Nashua & Rochester R .R . 4s, .

$100,000
33,000
10,000
1,000
4 0,000
8 0,000
9,000
119,000
1,000
80,000
26,000
25,000
117,000
4 3,000
3,000
4 2,000
5,000
108,000
51,000
20,000
62,000
2 6,000
4 ,500
25,000
4 ,000
9 ,0 0 0
102,000
5,000
5 ,300
25,000
$1,1 8 0 ,8 0 0

$ 1 1 7,000
3 7,125
10,700
1,240
40 ,2 0 0
8 8,800
10,890
133,280
1,010
108,000
3 1 ,070
23,000
119,295
5 0,740
3,165
4 8,720
5,875
125,200
6 2,750
24,800
7 6,260
26,*780
5,670
25,625
4 ,440
12,060
122,400
6,900
6,625
25,125

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 0 0,000
3 3,000
10,000
1,000
40 ,0 0 0
8 0,000
9 ,000
119,000
1,000
8 0,000
2 6,000
2 5,000
117,000
4 3,000
3 ,000
4 2,000
5,000
108,000
51,000
2 0,000
6 2,000
2 6 ,000
4,500
2 5 ,000
4 ,0 0 0
9 ,000
102,000
5 ,000
5 ,300
25,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,3 5 4 ,7 4 5 00 $ 1 ,1 8 0 ,8 0 0 00

Street Railway Bonds.
Boston Elevated Railw ay Co. 4s,
Lynn & Boston Railroad Co. 5s,
W e st E nd Street R ailw ay Co. 4s,

$50,000
20,000
41 ,0 0 0

$ 51,125 00
21,800 00
4 1 ,820 00

$ 1 1 1,000

$114,745 00

$50,000 00
20,000 0 0 *
41 ,0 0 0 00
$111,000 00

* A legal investm ent when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$16,6 8 4 78
21 ,5 2 6 22
224,7 6 6 54

Rate.

Amount.

Rate.

2 per cent.
2^ per cent.
4 per cent.

$2 9 4 ,0 0 0 00
1,609 ,2 9 5 00
927,903 00

4% per cent.

R e a l E st a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

or

.
.

:—
.
.
.
.

Amount.

$ 9 5 ,0 6 0 00

Rate.

6

per cent.

5 per cent.
5J per cent.

.
.
.
.

O t h e r w is e : —
.
.
.
.

$ 100,000 00
100,000 00
9 2 ,0 0 0 00
665 8 5
84 ,7 5 0 41
6 8 ,9 5 0 00

[Pub. Doc

REPORT OF THE

86

Citizens’ Savings Bank — Concluded.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.

7 ,743

.

$ 7 0 8,520 06
’ 6,259
.

.
.

659,471 66

.
.
.

1,510
1,032
7,562

.
.

.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y m ortgage of real estate,
G ro ss I n c o m e

r e c e iv e d

d u r in g

Y

fo r

Y

2 3 4 ,7 6 7 2 7

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, 2 per cent.,
June, 1906, 2 per cent.,
D ate

of

4 9 6 ,8 6 8 0 0

ear,

( e x c l u s iv e of T a x e s ) : —
Other Expenses.
Salaries.
$2,501 21
A m ount paid during year,
$ 1 3 ,2 7 0 74
.0 0 0 4 9
Percentage to total assets,
. 00262

T o tal E x p e n s e s

341
521

Total.
$15,771 95
.0 0 3 1 1
$85,2 5 5 55
86,9 9 6 22

172,251 77

E x a m in a t io n , N o v e m b e r 15.

CITY SAVINGS BANK - PITTSFIELD.
F r a n c is W . R o c k w e l l , President.
H ir a m B . W e l l in g t o n , Treasurer.
J. F r e d K a h l , Clerk of the Corporation.

Investment Committee: H ir a m B . W

e l l in g t o n , H e n r y R . P e ir s o n , W
J a c ob G im l ic h , A r t h u r A . M il l s .

il l ia m

M. M ercer,

Incorporated April 13, 1893. Open for business every business day except Saturdays,
9 a .m . to 3 p . m . ; Saturdays, 9 a . m . to 6 p . m .
Deposits commence to draw interest the tenth day of January, April, July and October.
Dividends are payable the tenth day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway b o n d s,.
Boston Terminal Company bonds,
Loan on bank stocks,
Loans on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Suspense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$27,0 0 0
5 ,728
183,373
19,900
50 .0 0 0
300
360
20 .0 0 0
8 40
711,499
8 5 ,3 6 0
36
7 ,876
27 ,0 0 2
3 ,539

00
00
75
00
00
00
00
00
00
95
00
66
94
34
20

$1,1 4 2 ,8 1 6 84

Deposits,
G uaranty fund,
Interest account, .

$1,1 1 7 ,6 2 5 12
19,000 00
6,191 72

$ 1 ,1 4 2 ,8 1 6 84

BANK COMMISSIONER

No. 8.]

87

City Sayings Bank — Continued.
C a sh o n D e p o s it in B a n k s , A m o u n t in E ach : —
Agricultural National Bank, Pittsfield, .
.
.
Pittsfield National Bank, Pittsfield,
.
.
.
Third National Bank, Pittsfield,
.
.
.
.
Berkshire Loan and Trust Company, Pittsfield,
.
L o a n o n B a n k St o c k s : —
3 shares Pittsfield National Bank, Pittsfield, .

.
.
.
.

.

.

L o a n s o n R a il r o a d S t o c k s , A m o u n t o n E ac h : —
1 share Boston & A lb an y R .R .,
.
.
.
.
1 share Boston & A lb an y R .R .,
.
.
.
.

.
.
.

$5,681 93
13,971 29
6,849 12
8,376 94

.

$ 300 00

.
.
.

.
.

Par Value.

Schedule op Securities Owned .

.
.

.
.

.

.
.

$175 00
185 00

Estimated
Market Value.

Book Value.

P ublic Funds.
City of Lynn, Mass., 4s,
.
Pittsfield, Mass., 3-Js, .
T ow n of Marblehead, Mass., 4s,
Stoughton, Mass., 4s,

.
.

.
.

.
.

$5,000
10,000
6,000
6,000
$ 27,000

$ 5,100
9 ,850
6,150
6,150

00
00
00
00

$ 27,250 00

$5 ,0 0 0
10,000
6 ,0 0 0
6 ,0 0 0

00
00
00
00

$27,0 0 0 00

Bank Stocks.
10
5
10
19
10

shares
shares
shares
shares
shares

Berkshire N a t’l Bank, North Adam s, .
Agricultural N a t’l Bank, Pittsfield,
Third National Bank, Pittsfield,
First National Bank, Springfield,
Housatonic N a t’l Bank, Stockbridge, .

-

$500
1,000
-

1,000

$35
1,250
2,250
475
1,650

00
00
00
00
00

$25
1,300
2 ,4 5 0
418
1,535

00
00
00
00
00

$ 2,500

$ 5,660 00

$5 ,7 2 8 00

$ 5,000
10,000
10,000
3 0,000
4 ,0 0 0
5,000
5,000
15,000
5,000
3 5,000
5,000
10,000
5,000
5 ,000
8,000
10,000
10,000
10,000

$4,775
10,250
10,800
2 7,750
4 ,060
5 ,050
4 ,7 5 0
15,300
4 ,050
32,375
4 ,750
9 ,200
5,037
5,575
8,180
9 ,500
9 ,500
9 ,3 5 0

$4,831
10,000
10,000
29,391
4 ,0 0 0
5 ,0 0 0
4 ,9 7 0
15,000
4 ,4 0 0
3 4,118
4 ,887
9 ,5 0 0
5 ,000
5 ,0 0 0
8 ,0 0 0
9 ,7 5 0
9 ,8 2 5
9 ,7 0 0

Railroad Bonds.
Boston & Maine R .R . 34s,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston, Revere Beach & L ynn R .R . 44s,
Chicago, Burlington & Quincy R .R . 34s,
Concord & Montreal R .R . 4s, .
.
.
D exter & Newport R .R . 4s,
.
.
.
Erie & Pittsburgh R .R . 34s,
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 34s,
.
.
.
Michigan Central R .R . 34s,
.
.
.
N ew Y ork, New H aven & Hartford R .R .
N ew Y ork, New H aven & Hartford R .R .
Northern Maine Seaport R .R . 5s,
Penobscot Shore Line R .R . 4s,
Peoria & Northwestern R .R . 34s,
Princetown & Northwestern R .R . 34s,
Sioux City & Pacific R .R . 34s,

.
.
.
.
.
.
.
.
.
.
34s,
4s,

.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

25
00
00
25
00
00
00
00
00
75
50
00
00
00
00
00
00
00

$187,000

$180,252 00

$ 1 8 3,373 75

$10,000
10,000

$ 10,025 00
10,175 00

$9 ,9 0 0 00
10,000 00

$20,000

$20,2 0 0 00

$ 1 9 ,9 0 0 00

$50,000

$52,000 00

$50,0 0 0 00

Street Railway Bonds.
Hoosac Valley Street R ailw ay Co. 4s,
W e s t E nd Street R ailw ay Co. 4s,

Boston Term inal-Com pany Bonds.
Boston Terminal Company 34s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

88

[Pub. Doc.

City Savings Bank— Concluded.
Total A m ount of Loans at Specified Rates of Interest.

$7,8 7 6 94
200,0 0 0 00

Rate.

Rate.

Amount.

2 per cent.
4 \ per cent.

$597,6 7 2 60

Amount.

5

per cent.

Amount.

Rate.

$ 20,687 35

6

per cent.

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.

,

.

.

.
.

.

.

$90 37
5,921
412,799 47
2,911

.
.
.

262,263 36
.
.

.

.

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

ear,

of

258,4 5 5 26
232
4 5,196 57

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

212

. .

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $2,9 6 6 48
$1 ,2 3 0 44
Percentage to total assets, .
.0 0 2 5 9
.0 0 1 0 8
for

1,067
536
3,239

.
.

.
.

.
.

Total.
1,196 92
.0 0 3 6 7
$ 15,330 96
16,594 42

3 1 ,925 38

E x a m i n a t i o n , J u l y 20.

CITY FIVE CENTS SAVINGS BANK — H AVERH ILL.
S a m u e l W . H o p k in s o n , President.
G e o r g e W . N o y e s , Treasurer.
G e o r g e W . N o y e s , Clerk, of the Corporation.

Investment Committee: S a m u e l W . H o p k in s o n , J o h n E . G a l e , G eo r g e N ich o l s , 2 d ,
P h il ip C. S w e t t , S. P. G a r d n e r .
Incorporated March 31, 1870. Open for business every business day except Saturdays,
9 a . m . to 2 p . m . ; Saturdays, 9 a . m . to 12.30 p . m .
Deposits commence to draw interest the first day of March, June, September and
Decem ber. Dividends are payable the first W ednesd ay of June and December.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

r
No. 8.]

BANK COMMISSIONER

89

City Five Cents Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Expense account,
Prem ium account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 2 7 1,500
2 8,825
498,515
80 ,0 0 0
150,000
3 ,500
600
25 ,9 0 0
200
606,3 9 0
676,100
3 ,420
8,883
75,302
3,709

00
00
00
00
00
00
00
00
00
00
00
37
80
30
12

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .

$ 2 ,2 4 2 ,2 5 8 75
112,000 00
36 ,2 8 6 67
4 2 ,3 0 0 17

$2,4 3 2 ,8 4 5 59

$ 2 ,4 3 2 ,8 4 5 59

C a s h o n D e p o sit in B a n k s , A m o u n t in E a c h : —
First National Bank, Haverhill,
Haverhill National Bank, Haverhill,
Haverhill Trust Company, Haverhill,
L oans
5
10
18
12

$35,302 30
2 5,000 00
15,000 00

o n B a n k St o c k s , A m o u n t o n E a c h : —
shares Merrimack National Bank, Haverhill,
shares First National Bank, Haverhill,
shares Pacific National Bank, Lawrence,
shares National Bank of Methuen, Methuen,

$500 00
3 ,000 00

L o a n o n R a il r o a d St o c k s : —
6 shares Boston & Maine R .R .,

$600 00

Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

P ublic Funds.
Massachusetts 3-Js,
.
. '
Citv of Boston, Mass., 3^s,
.
Brockton Mass., 4s,
.
Chicago, 111., 4s,
.
Haverhill, Mass., 4s,
Indianapolis, Ind ., 4s,
Kansas City, M o., 4s, .
Kansas City, M o., 4|-s,
Medford, M ass., 4s,
New ton, Mass., 4s,
.
Portsm outh, N . H ., 4s,
W aterbdry, Conn., 4s,
W orcester, Mass., 3^s,
Tow n of Bradford, Mass., 4s,
Plaistow, N . H ., 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.

.
.
.

.
.
.

.

.

.

.

.

.

.

.

.

i

$50,000
5 0,000
7,000
2 0,000
48 ,0 0 0
10,000
15,000
10,000
2,000
2 5 ,000
10,000
2 ,000
15,000
5,000
2 ,500
$271,5 0 0

$50,6 2 5
48 ,2 5 0
7 ,000
2 0,100
4 8 ,7 0 0
10,200
15,300
10,500
2 ,005
26 ,1 2 5
10,150
2 ,0 1 0
14,475
5 ,025
2 ,512

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 2 7 2,977 00

$50,0 0 0
5 0,000
7,000
20 ,0 0 0
4 8 ,0 0 0
10,000
15,000
10,000
2 ,0 0 0
25 ,0 0 0
10,000
2 ,000
15,000
5 ,000
2 ,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$2 7 1 ,5 0 0 00

90

REPOET OF THE
City Five Cents Savings Bank —
Par Value.

Schedule op Securities Owned .

Bank Stocks.
25 shares Merchants National Bank, Boston,
9
15
132
45
22
50

shares
shares
shares
shares
shares
shares

.
National B ank of Commerce, Boston,
Trem ont National Bank, Boston,
First National Bank, Haverhill,
Haverhill National Bank, Haverhill,.
Merrimac N a t’l Bank, Haverhill,
Haverhill Trust Company, Haverhill,

$ 2 ,500
900
525
13,200
4 ,500
2,200
5 ,000

[Pub. Doc
Contin ued.
Estimated
Market Value.

$ 5,250
1,440
15
18,480
8 ,1 0 0
3 ,0 8 0
6 ,250

00
00
00
00
00
00
00

Book Value.

$2 ,5 0 0
900
525
13,200
4 ,5 0 0
2 ,200
5 ,000

00
00
00
00
00
00
00

$28,825

$42,6 1 5 00

$28,8 2 5 00

$10,000
5 5,000
10,000
2 5 ,000
25 ,0 0 0
25 ,0 0 0
27,000
6 0,000
15,000
10,000
5,000
50,000
65,000
40 ,0 0 0
5,000
2 0,000
20,000
10,000
15,000
10,000

$10,4 0 0
5 6 ,650
11,250
2 3 ,125
2 3,750
2 5 ,375
27,220
5 5 ,200
15,075
11,600
4 ,7 0 0
4 7,000
6 6,200
41 ,2 2 5
5 ,150
19,800
18,600
12,000
15,000
10,050

$10,0 0 0
55 ,0 0 0
10,000
23 ,7 2 5
2 5,000
2 5,000
27,000
6 0,000
15,000
10,000
4 ,827
48 ,7 5 0
6 5,000
40 ,0 0 0
5 ,000
19,825
19,387
10,000
15,000
10,000

Railroad Bonds.
Bennington & R utland R .R . 4-J-s,
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 4-Js,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-|s, .
Cleveland & .Pittsburgh R .R . 3^s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
Maine Central R .R . 4s, .
Maine Central R .R . 7s, .
Minnesota & Iowa R .R . 3^s, .
.
.
.
N ew Y ork Central & H udson R iver R .R . 3-Js,
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
Pittsburgh, Virginia & Charleston R .R . 4s,
Portland & Ogdensburg R .R . 3^s,
Sioux City & Pacific R .R . 3-.|-s,
St. Johnsbury & Bake Champlain R .R . 5s,
U pper Coos R .R . 4s,
.
.
.
.
.
Worcester, .Nashua & Rochester R .R . 4s, .

.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
50
00
00
00

$ 5 0 2,000

$ 4 9 9,370 00

$ 4 9 8,515 00

$10,000
25,000
4 5,000

$ 10,250 00
2 5,250 00
45 ,9 0 0 00

$ 10,000 00
2 5,000 00
4 5,000 00

$80,000

$81,4 0 0 00

$80,0 0 0 00

$ 1 5 0,000

$ 1 5 6,000 00

$ 1 5 0,000 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
Springfield Street R ailw ay Co. 4s,
W e st End Street R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3|-s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$35,3 0 2
45 ,6 0 0
4 ,1 5 0
293,3 2 5

Rate.

30
00
00
00

3
3^4
4-|

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$ 1 1 5,800
2 5,000
749,5 6 5
62,5 0 0

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
N um ber of withdrawals during year,
A m ount of same,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

00
00
00
00

4 f per
4 f per
5 per
5vj- per

cent.
cent.
cent.
cent.

Amount.

$25,0 0 0 00
10,000 00
2 1,750 00

Rate.

5 f per cent.
per cent.
6 per cent.

13,360
$ 4 0 9,062 63
' 6,789
391,069 80

No. 8.]

BANK COMMISSIONER.

91

City Five Cents Savings Bank — Concluded.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.
.
.

.
.
.

.
.
.

.

1,622
1,085
9 ,206

.

S t a t is t ic s op L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

d u r in g

Y

101,677 55

fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
.
June, 1906, I f per cent.,
.
.
.
o f

$32 5 ,1 6 5 00
268

ear,

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $4,199 96
$2 ,4 6 4 66
Percentage to total assets, .
.0 0 1 7 3
.0 0 1 0 1

D ate

249

.
.

.
.

Total.
$6 ,6 6 4 62
.0 0 2 7 4
$35,8 6 9 09
3 7,159 92

7 3,029 01

E x a m i n a t i o n , M a r c h 2.

CITY INSTITUTION FOR SAVINGS — LOW ELL.
F r e d A . B u t t r ic k , President.
F r a n k W . H u r d , Treasurer.
F r a n k W . H u r d , Clerk of the Corporation.

Investment

Committee:

F r e d A . B u t t r ic k , F r a n k Co b u r n ,
L e o n a r d H u n t r e s s , C h a r l e s P. C o n a n t .

Incorporated April 12, 1837.

H enry

Open for business every business day, 9
also Saturdays, 7 to 9 p . m .

C.

a .m .

Co o p e r ,
to 1

p . m .;

Deposits commence to draw interest the second Saturday of January, April, July and
October. Dividends are payable the second Saturday of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Real estate in possession,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 1 ,2 3 0 ,0 0 0
335,9 7 5
2 ,2 6 9 ,8 7 5
5 4 7 ,0 0 0
18,341
1 6,200
3 ,0 1 4 ,7 6 6
1,698 ,4 8 5
52,8 9 8
14,578
13,875
38 ,1 7 6
869

00
00
00
00
25
00
87
16
78
42
00
57
21

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$ 9 ,2 51,041 26

C a sh o n D e p o sit i n B a n k s , A m o u n t in E ach : —
First National Bank, Boston,
.
.
.
.
National Shawmut Bank, Bos t on, .
.
.
.
Appleton National Bank, Lowell,
Pynchon National Bank, Springfield (in liquidation),


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 8 ,5 8 8 ,8 1 4 45
4 2 5 ,0 0 0 00
127,793 78
109,433 03

$ 9 ,2 5 1 ,0 4 1 26

$1 ,7 2 3 09
3 ,9 8 6 78
3 1 ,4 6 6 70

1,000 00

[Pub. Duc

REPORT OF THE

92

City Institution for Sayings — Continued.
L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
111
shares Pacific National Bank, Lawrence, .
6 shares A ppleton National Bank, Lowell, .
20 shares Appleton National Bank, Lowell, .
15 shares Union National Bank, Lowell,
.
75 shares A ppleton National Bank, Lowell, .

.
.
.
.
.

.
.
.
.
.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

$8,761 25
500 00

.
.
.
.
.

3 ,1 8 0 00
5,900 00

Estimated
Market Value.

Book Value.

Public Funds.
$ 1 1 6,000
39 ,0 0 0
5 0 ,000
10,000
100,000
3 0 ,000
2 7,000
125,000
100,000
100,000
50,000
6 5,000
130,000
5 0,000
100,000
74,000
4 9,000
15,000

Massachusetts 3 ^ s ,.
.
County of M iddlesex, Mass., 4s,
C ity of Altoona, Pa., 4 s ,.
Beverly, Mass., 4s,
Boston, Mass., 3Js,
Cambridge, Mass., 34s,
Fall River, Mass., 3 4 s ,.
Fitchburg, Mass., 4s, .
Indianapolis, Inch, 4s,
Lawrence, M ass., 4s,
Lowell, M ass., 4s,
Medford, Mass., 4s,
Milwaukee, W is., 5s,
Saginaw, M ich., 44s,
W aterbury, Conn., 4s,
Tow n of Cranston, R . I., 4s,
Leominster, M ass., 4s,
M aynard, Mass., 4s, .

$ 1 ,2 30,000

$116,000
39 ,6 7 0
5 0 ,750
10,050
96 ,0 0 0
2 8 ,800
2 6 ,460
127,125
101,500
102,000
5 1,000
6 6,100
133,250
5 0,600
101,000
76,220
4 9,980
15,150

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$116,000
3 9,000
5 0,000
10,000
100,000
3 0,000
2 7,000
125,000
100,000
100,000
5 0,000
6 5,000
130,000
5 0,000
100,000
74,000
49 ,0 0 0
15,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00*
00
00

$ 1 ,2 4 1 ,6 5 5 00 $ 1 ,2 3 0 ,0 0 0 00

Bank Stocks.
80
124
44
100
150
400
50
5 50
36
65
40
2 65
131
118
85
25
610
51
220
82
100
25
42

shares.Atlantic National Bank, Boston,
shares Boylston National Bank, Boston,
shares Merchants National Bank, Boston, .
shares Metropolitan N a t’l Bank, Boston,
shares National B ank of Commerce, Boston,
shares N a t’l B ank of the Republic, B oston,.
shares National Exchange Bank, Boston,
shares National Shawm ut Bank, Boston,
shares National Union Bank, Boston,
shares New England N a t’l Bank, Boston,
shares Old Boston National Bank, Boston, .
shares Second National Bank, Boston,
shares State National Bank, Boston, .
shares Trem ont National Bank, Boston,
shares W ebster & A tlas N a t’l Bank, Boston,
shares B a y State N a t’l Bank, Lawrence,
shares Appleton National Bank, Lowell,
shares Old Lowell National Bank, Lowell, .
shares Prescott National Bank, Lowell,
shares Union National Bank, Lowell,
shares W am esit National Bank, Lowell,
shares First National Bank, Marlborough, .
shares Fram ingham N ’l B ’k, S. Framingham,

$8,0 0 0
12,400
4 ,400
10,000
15,000
4 0,000
5 ,000
5 5,000
3 ,600
6 ,500
4 ,000
2 6,500
13,100
4 ,130
8 ,500
1,875
6 1 ,000
5,100
22,000
8,200
10,000
2 ,500
4 ,2 0 0

$ 11,600
12,400
9 ,240
11,900
24,000
66,000
8 ,000
150,150
6,480
9 ,100
4 ,400
5 9,095
19,519
118
12,580
2,875
67,100
4,947
2 3 ,320
13,120
10,000
3 ,125
6,090

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 8,000
12,400
4 ,4 0 0
10,000
15,000
40 ,0 0 0
5,000
6 0,000
3 ,600
6,500
4 ,000
2 6 ,500
13,100

00
00
00
00
00
00
00
00
00
00
00
00
00

8 ,500
1,875
6 1,000
5,100
22 ,0 0 0
12,300
10,000
2 ,500
4 ,2 0 0

00
00
00
00
00
00
00
00
00

$331,005

$535,159 00

$ 3 3 5,975 00

$ 2 0 0,000
2 00,000
100,000
200,0 0 0
109,000
100,000
200,000

$ 1 9 4,000
202,020
95 ,0 0 0
206,0 0 0
103,550
112,000
204,000

$20 5 ,5 0 0
2 00,000
100,000
200,000
109,000
100,000
200,000

Railroad Bonds.
Boston & A lb an y R .R . 34s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 34s,
Chicago, Burlington & Q uincy R .R . 4s,
Cleveland & Pittsburgh R .R . 34s,
Cleveland & Pittsburgh R .R . 44s,
Concord & Montreal R .R . 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal investm ents when m ade.

00
00
00
00
00
00
00

00
00
00
00
00
00
00

No. 8.]

BANK COMMISSIONER

93

City Institution for Savings — Continued.
Par Value.

S c h e d u le of Se c u r it ie s O w n e d .

Railroad Bonds — Concluded.
Connecticut & Passumpsic Rivers R .R . 4s,
D akota Central R .R . 6s,
Erie & Pittsburgh R .R . 34s,
Fitchburg R .R . 5s,
Kalam azoo, Allegan & Grand Rapids R .R . 5s,
Maine Central R .R . 4s, .
Maine Central R .R . 44s,
Michigan Central R .R . 6s,
.
.
.
Narragansett Pier R .R . 4s,
New York, New H aven & Hartford R .R . 34s,
New York, New H aven & Hartford R .R . 4s,
Norwich & W orcester R .R . 4s,
Old Colony R .R . 4s,
Portland & Ogdensburg R .R . 5s,
Sullivan County R .R . 4s,
.
.
.

$ 50,000
6 2 ,000
2 5 ,000
5 0 ,000
100,000
5 0 ,000
5 0 ,000
100,000
25 ,0 0 0
125,000
250,000
100,000
40 ,0 0 0
2 5,000
100,000

.

.

$2,2 6 1 ,0 0 0

Estimated
Market Value.

$51,500
6 2,000
2 3,750
5 0 ,500
120,000
5 0 ,250
5 1,250
105,500
2 5,000
114,375
255,500
101,500
41 ,2 0 0
25 ,2 5 0
100,000

Book Value.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$50,000
6 2 ,0 0 0
2 5 ,0 0 0
50,0 0 0
100,000
5 0 ,0 0 0
5 0 ,0 0 0
100,000
2 5 ,0 0 0
128,375
250,0 0 0
100,000
4 0 ,0 0 0
25 ,0 0 0
1 00,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 2 ,2 9 4 ,1 4 5 00 $ 2 ,2 6 9 ,8 7 5 00

Street Railway Bonds.
Boston & Northern Street R ailw ay Co. 4s,
Boston Elevated R ailw ay Co. 4s,
Lowell & Suburban Railw ay Co. 5s,
L ynn & Boston Railroad Co. 5s,
Springfield Street R ailw ay Co. 4s,
W est End Street Railw ay Co. 4s,

$50,000
200,000
5 0,000
50,000
50,000
150,000
$ 5 5 0,000

$47,000
204,000
5 1,000
5 4,500
5 0,750
153,000

00
00
00
00
00
00

$ 5 6 0,250 00

$47,0 0 0
2 0 0 ,0 0 0
5 0 ,000
50 ,0 0 0
5 0 ,000
150,000

00*
00
00*
00*
00
00

$5 4 7 ,0 0 0 00

* Legal investments when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

Rate.

$37,176 57
1,233,395 00
2 5,000 00

2 per cent.
4 per cent.
4J per cent.

Amount.

Rate.

$ 1 ,3 41,220 57
2 ,042,823 72
89,811 25

R e a l E st a t e b y F o r e c lo su r e
Am ount invested,
.
.
Assessed value, .
.
.

or

.
.

.
.
.

.
.
.

.
.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

$16,542 74

.

ear,

6

per cent.

$ 5 2 ,8 9 8 78
44 ,3 5 0 0 0
17,501

.

1,149 ,7 8 6 9 2
19,897

.

.
.
.
.

1 ,1 2 5 ,6 6 7 8 2
.
.
.

S t a t ist ic s of L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I nco m e

Rate.

O t h e r w is e : —
.
.
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

4 4 per cent.
5 per cent.
54 per cent.

Amount.

2 ,373
1,752
19,037
433
5 6 8 ,6 4 8 78
455
384,137 69

94

REPORT OF THE

[Pub. Doc

City Institution for Savings — Concluded.
T o tal E x p e n s e s

fo r

Y

ear

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
$14,741 81
$ 3,633 07
.0 0 1 5 9
.0 0 0 3 9

A m ount paid during year,
Percentage to total assets,

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, 2 per cent.,
D ate

of

E x a m in a t io n , O c t o b er 25

Total.
$18,3 7 4 88
.0 0 1 9 8
$ 1 5 8 ,9 5 4 26
162,951 50

and

$32 1 ,9 0 5 76

26.

CLINTON SAVINGS BANK — CLINTON.
t

J o h n E . T h a y e r , President.
C. L . S. H a m m o n d , Treasurer.
C. L . S. H a m m o n d , Clerk of the Corporation.

Investment C om m ittee: J o h n E . T h a y e r , G eo r g e P. T a y l o r , C. C. S t o n e , L u c iu s F ie l d ,
E . S. F u l l e r .
Incorporated M ay 15, 1851.
9 a . m . to 12

Open for business every business day except Saturdays,
m ., 1 to 3 p . m . ; Saturdays, 9 a . m . to 1 p . m .

Deposits commence to draw interest the second M onday of January, April, July and
October. Dividends are payable the second M onday of April and October.

B a l a n c e S h e e t , O ct. 31, 1906.

L ia b il it ie s .

A ssets.

$162,5 0 0
5 2,500
445,537
4 2,200
500
1,750
209,570
874,6 2 4
766,625
2 ,910
423
10,000
1,222
59,811
12,834
2 8,762

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loan on public funds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Prem ium account,
Furniture and fixtures,
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

00
00
50
00
00
00
87
08
00
55
42
00
50
56
26
71

$ 2 ,6 71,772 45

C a s h o n D e p o sit in B a n k s , A m o u n t
First National Bank, Boston,
First National Bank, Clinton,
L o a n o n P u b l ic F u n d s : —
$500 United States 4s , .

.

.

in

$ 2 ,5 3 5 ,2 2 8 57
122,500 00
7,477 89
6 ,565 99

$ 2 ,6 7 1 ,7 7 2 45

E ac h : —
$59,811 56
12,834 26

.

.

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
20 shares First National Bank, Clinton,
5 shares First National Bank, Clinton,
10 shares Central National Bank, 'Lynn,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .

$500 00

$ 1,000 00
250 00
500 00

No. 8.]

95

BANK COMMISSIONER
Clinton Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 3Js,
Boston, Mass., 4s,
Chicago, 111., 4s,
Kansas City, M o., 4 -Is,
New Bedford, Mass., 4s,
Newburyport, Mass., 3-jS,
Rockville, Conn., 4s, .
Saginaw, Mich., 4s,
T ow n of Clinton, Mass., 3-j-s, .
Clinton, Mass., 4s,
Mansfield, Mass., 4s, .
W atertow n, Mass., 4s,

$5,000
4 ,000
50,000
5,000
10,000
5,000
5,000
5,000
11,000
51,000
5,000
6,500
$162,500

$4,850
4 ,120
50,000
5,250
10,200
4,850
5,200
5,050
11,000
52,975
5,000
6,500

00
00
00
00
00
00
00
00
00
00
00
00

$164,995 00

$5,000
4 ,000
50,000
5,000
10,000
5,000
5,000
5,000
11,000
51,000
5,000
6,500

00
00
00
00
00
00
00
00 *
00
00
00
00

$162,500 00

B ank Stocks.
30
55
350
40
50

shares Metropolitan National Bank, Boston,
shares W ebster & A tlas N a t’l Bank, Boston,
shares First National Bank, Clinton, .
shares Fitchburg National Bank, Fitchburg,
shares First National Bank, New Bedford,

$ 3 ,000
5,500
35,000
4,000
5,000

$3,570
8,140
4 3,750
5,800
6,650

$3,000
5,500
3 5,000
4,000
5,000

00
00
00
00
00

00
00
00
00
00

$52,500

$67,910 00

$ 52,500 00

$18,000
20,000
20,000
20,000
10,000
59,000
10,000
13,000
10,000
25,000
7,000
8 ,000
15,000
15,000
20,000
5,000
9 5,000
61,000
10,000
5,000

$17,100
20,200
2 0,600
18,600
9,800
60,060
10,100
12,050
10,800
24,250
7,070
9 ,280
14,400
17,325
19,000
4 ,600
9 6,550
63,395
12,000
5,100

$18,000
20,000
20,000
18,000
10,000
59,000
10,000
11,000
10,000
25,000
7,000
8 ,000
14,125
15,000
19,750
4 ,850
98,112
62,700
10,000
5,000

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 4s,
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago & Northwestern R .R . 3-jS, .
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
Illinois Central R .R . 3-Js,
Illinois Central R .R . 4s, .
.
.
.
Lake Shore & Michigan Southern R .R . 3^-s,
Maine Central R .R . 4s, .
.
.
.
Maine Central R .R . 7s, .
.
.
.
Michigan Central R .R . 3-jS,
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew Y ork, Central & Hudson River R .R . 3Js,
N ew Y ork , New H aven & Hartford R .R . 3-jS,
New Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
St. Johnsbury & Lake Champlain R .R . 5s,
Worcester, Nashua & Rochester R .R . 4s, .

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00

$446,000

$452,280 00

$445,537 50

$40,000

$41,600 00

$42,200 00

Boston Term inal Com pany Bonds.
Boston Terminal Company 3^s,

* A legal investment when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 5 9,811,
1 5 .000
1 03,070
3 5 .0 0 0

Rate.

56
00
87
00

2-J per
3§ per
4 per
4 } per


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

cent.
cent.
cent.
cent.

Amount.

$10,0 0 0
131,000
85 ,0 0 0
1 ,185,272

Rate.

00
00
00
08

4g per cent.

4% per cent.
4 f per cent.
5 per cent.

Amount.

$75,0 0 0
80 ,0 0 0
133,627
100

Rate.

00
00
00
00

5-J- per cent.

5% per cent.
6
7

per cent.
per cent.

[Pub. D oc.

REPORT OF THE

96

Clinton Savings Bank — Concluded.
R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value,
.
.

or

.
.

O t h e r w is e : —
.
.
.
.
.
.

D e p o s it s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o sit A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.

.
.

.
.
.

.
.
.

.
.

.
.

.
.
.

.
.
.

.
.
.
.

G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

Y

d u r in g

Y

ear,

.

of

4 2 0 ,3 9 0 27

.
924
735
7 ,2 6 6
415

4 9 2 ,2 2 8 7 0

.
419

111,745 83

ear

D iv id e n d s d e c l a r e d d u r in g Y
April, 1906, I f per cent.,
October, 1906, I f per cent.,
D ate

4 2 2 ,7 8 3 51
4 ,4 9 5

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $6 ,4 0 0 00
$2,171 99
Percentage to total assets, .
. 0 0239
.00081
fo r

4 ,359
.

.
.
.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

î2,910 55
5 ,500 00

.
.

ear

Total.
3,571 99
.0 0 3 2 0

:—
.

.

.

$40,9 9 2 15
41 ,7 3 8 62

.

82,7 3 0 77

E x a m in a t io n , M a y 14.

COHASSET SAVINGS BANK — COHASSET.
C a l e b F . N ich o l s , President.
C a l e b L oth r o p , Treasurer.
C a l e b L o t h r o p , Clerk of the Corporation.

Investment Committee:

D a n ie l N . T o w e r , C a l e b F . N ic h o l s , H e r b e r t L . B r o w n ,
A m os A . L a w r e n c e .

Incorporated Feb. 28, 1845.
8.3 0 a . m . to 12.30

Open for business every business day, except S atu rdays,
1.30 to 4 p . m .; Saturdays, 8.3 0 a . m . to 12 m .

p .m .,

Deposits commence to draw interest the first Tuesday of January, April, July and
October. Dividends are payable on or after the first W ed nesd ay of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building, .
.
Expense account,
Furniture and fixtures,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,0 0 0
5 ,530
100,356
40 ,0 0 0
10,000
74 ,5 0 0
533,7 9 0
253,6 0 7
29 ,3 1 4
14,000
1,435
900
1,476
15,702
3 ,003

00
00
25
00
00
00
14
06
42
00
59
00
88
38
55

$ 1 ,0 9 7 ,6 1 6 27

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .
R ent account,
Due on mortgage
loans,

$ 1 ,0 2 5 ,3 1 6 48
45 ,1 0 0 00
8,141 84
16,070 0 2
1,262 93
1,725 00

$ 1 ,0 9 7 ,6 1 6 27

No. 8.]

97

BANK COMMISSIONER
Cohasset Savings Bank — Continued.

C a sh o n D e p o s it i n B a n k s , A m o u n t in E ac h : —
W ebster & Atlas National Bank, Boston,
.
.
Hingham National Bank, Hingham ,
.
.
.

S c h e d u l e o f S e c u r it ie s O w n e d .

.
.

.
.

.
.

$6 ,0 6 2 7 8
9 ,6 3 9 60

Par Value.

Estimated
Market Value.

$ 9,000
2 ,000
3 ,000

$ 9,315 00
2 ,0 7 0 00
3 ,1 2 0 00

$9,0 0 0 00
2 ,0 0 0 00
3 ,0 0 0 00

$14,000

$14,505 00

$14,0 0 0 00

Book Value.

Public Funds.
City of Springfield, O ., 4-Js,
.
T ow n of Foxborough, M ass., 4s,
Methuen, Mass., 4s, .

.

.

.

.

.

.

Bank Stocks.
40
18
15
16
18

shares
shares
shares
shares
shares

Continental National Bank, Boston,
Merchants National Bank, Boston,
N a t’l Bank of the Republic, Boston, .
State National Bank, Boston, .
Trem ont National Bank, Boston,

$ 1,800
1,500
1,600
630
$ 5 ,530

$200
3 ,7 8 0
2 ,475
2 ,3 8 4
18

00
00
00
00
00

$ 8,857 00

$ 1 ,800
1,500
1,600
630

00
00
00
00

$5 ,5 3 0 00

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 3£s, .
Connecticut & Passumpsic Rivers R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
N ew Y ork, New H a ven & H artford R .R . 3-|s,
N ew Y ork , New H aven & Hartford R .R . 4s,
Upper Coos R .R . 4-Js,
.
.
.
.
.
W ashington County R .R . 3Js,

.

$25,000
5.000
20,000
17.000
10.000
10,000
10,000
5.000

$ 23,125
5,150
2 0 .300
15,640
9 ,2 0 0
10.300
10,700
4 ,5 0 0

00
00
00
00
00
00
00
00

$23,8 6 2
5 ,000
20 ,0 0 0
17.000
9 ,775
10.000
10,000
4 ,7 1 8

50
00
00
00
00
00
00
75

$102,000

$98,9 1 5 00

$ 1 0 0,356 25

$25,000
15,000

$25,5 6 2 50
15,450 00

$25,0 0 0 00
15,000 00

$40,000

$41,0 1 2 50

$40,0 0 0 00

$10,000

$10,4 0 0 00

$10,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
W e s t E nd Street R ailw ay Co. 4s,

Boston Term inal Company Bonds.
Boston Terminal Company 3|s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

$ 32,500
390,8 8 2
2 7,500
6 3,587

00
78
00
00

R e a l E st a t e for B a n k in g P u rp o se s
Am ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

$10,000
15,702
5 9,000
105,700

00
38
00
00

0
2
4
4-J

per
per
per
per

cent.
cent.
cent.
cent.

Rate.

Amount.

4f
5
5-J5Î

per
per
per
per

.
.
.
.

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

cent.
cent.
cent.
cent.

Amount.

$25,0 0 0 00
147,727 42

Rate.

o f per cent.
6 per cent.

$14,000 00
15.000 00

11.000 00
4 5 6 00
29 ,3 1 4 42
2 4 ,1 0 0 00
29 64

[Pub. Doc

REPORT OF THE

98

Cohasset Savings Bank — Concluded.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.

.

.

.

.
.

.
.
.

.
.

.
.

.
.

.

.
.
.
,

.

.

.
.
.

.

.

.

.

.

.

G ross I n c o m e

r e c e iv e d

Y

D u r in g Y

ear,

.

.

.

233

of

2 39,134 70

.
.

237
.

48 ,0 0 9 90

.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
D ate

137,294 61

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $ 2,226 50
$ 1,004 75
Percentage to total assets, .
.0 0 2 0 3
.0 0 0 9 1
fo r

$132,809 72

255
150
2 ,328

.

S t a t is t ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

1,790
.
1,635
.

.

.

.
.

.

Total.
$3,231 25
.0 0 2 9 4
$16,934 25
16,959 52

3 3 ,893 77

E x a m in a t io n , M arch 5.

COMMONWEALTH SAVINGS BANK — LYNN .
J o se p h G . P in k h a m , President.
W il l ia m M . B a r n e y , Treasurer.
C h a r l e s N e a l B a r n e y , Clerk of the Corporation.

Investment Committee: W
W

il l ia m M . B a r n e y , P a t r ic k B . M a g r a n e ,
a l t e r M . L i b b e y , T h o m a s Ca m p b e l l , 2 d .

Incorporated March 28, 1900.

E ugene A . P utnam ,

Open for business every business day, 9
also Saturdays, 3 to 6 p . m .

a

.m .

to 1

p .m

.;

Deposits commence to draw interest the first W ednesday of March, June, September and
December. Dividends are payable the day following the first W ednesday of June
and December.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on bank stocks,
Loan on railroad bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Expense account,
Prem ium account,
Furniture and fixtures,
State ta x account,
Deposits in banks, on interest,
Cash on hand, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$11,000
5,500
106,355
10,000
1,500
1,500
1,000
1,100
4 78,222
41,5 5 0
1,839
11,535
1,500
523
19,159
3,849

00
00
00
00
00
00
00
00
23
00
46
58
00
13
13
52

$ 6 9 6,134 05

Deposits,
Guaranty fund,
Interest account, .
Due on mortgage
loans,

$ 6 7 6,450 14
5 ,000 00
2 ,130 40
12,553 51

$ 6 9 6 ,1 3 4 05

No. 8.]

BANK COMMISSIONER.

99

Commonwealth Savings Bank — Continued.
$2 ,5 3 0 03
16,629 10

Metropolitan National Bank, Boston,
Manufacturers National Bank, Lynn,
L o a n o n B a n k St o c k s : —
20 shares Manufacturers National Bank, Lynn,

$ 1,500 00

L o a n o n R a il r o a d B onds : —
$ 1 ,0 0 0 Kansas City, St. Joseph & Council Bluffs R .R . 7s
1,000 Chicago, Burlington & Quincy R .R . 3-|s,

Schedule

of

Par Value.

Securities Owned.

:

:}

Estimated
Market Value.

$ 1,500 00

Book Value.

Public Funds.
City of Augusta, Me. (W a te r District), 4s,
Barre, V t., 4s,
Town of Beverly, Mass., 4s,
.
.
.
Newmarket, N . H ., 3^s,

$3,000
1,000
5.000
2.000

.

$11,000

$ 3,105
1,015
5,137
2 ,000

00
00
50
00

$ 11,257 50

$ 3,000
1,000
5 .000
2 .000

00
00
00
00

$11,0 0 0 00

Bank Stocks.
20 shares Commercial National Bank, Boston, .
20 shares Metropolitan National Bank, B o sto n ,.
5 shares Peoples National Bank, Boston,
10 shares Manufacturers National Bank, L ynn, .

00
00
00
00

$ 2 ,0 0 0
2 ,0 0 0
500
1,000

00
00
00
00

$2,000
2,000
500
1,000

$2,7 6 0
2 ,380
660
1,100

$ 5,500

$ 6,900 00

$5,5 0 0 00

$6,000
5.000
3 .000
2.000
5.000
10,000
7,800
5.000
5.000
8.000
1,000
5.000
3.000
5.000
5.000
20,000
5.000
1.000
5,000

$ 7,080
5 ,950
3 .0 3 0
2,055
5 ,200
10,250
8 ,502
4 ,6 2 5
5 ,125
9 ,6 8 0
1,020
4 .6 5 0
3 .030
5 ,600
4 ,5 5 0
20 ,4 0 0
4 ,9 2 5
1,000
4 .6 5 0

$ 6,000
5 .000
3 .0 0 0
2 .0 0 0
5 .000
10,000
7 ,800
4 ,9 3 5
5 .000
8 .0 0 0
1,000
5 .000
3 .0 0 0
5 .000
4 ,932
2 0 ,000
4 ,937
1.000
4 ,750

Railroad Bonds.
Aroostook & Northern R .R . 5s,
Bangor & Aroostook R .R . 5s, .
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Boston & New Y o rk Air Line R .R . 4s,
Boston & Providence R .R . 4 s ,.
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 6s,
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Northern Maine Seaport R .R . 5s,
N ew Y ork, New H aven & H artford R .R . 3-Js,
New Y ork, New H aven & Hartford R .R . 4s,
Portland & Ogdensburg R .R . 3£s,
Portland & Rochester R .R . 4s,
W ashington County R .R . 3£s,

.

$106,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$111,322 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
50
00
00

$106,355 00

Street Railway Bonds.
A thol & Orange Street R ailw ay Co. 5s,
Boston Consolidated Street R ailw ay Co. 5s,
L ynn & Boston Railroad Co. 5s,
.
.
W e s t E nd Street R ailw ay Co. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

• .

$2,000
1,000
5.000
2.000
$10,000

A legal investment when made.

$ 2,120
1,000
5 ,450
2 ,030

00
00
00
00

$10,600 00

$ 2 ,000
1,000
5 .000
2 .000

00
00
00*
00

$ 10,000 00

100

EEPOET OF THE

[Pub. Doc

Commonwealth Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$16,629 10
2 ,530 03
1,000 00

Rate.

Amount.

2 per cent.
2-J- per cent.
4 per cent.

Rate.

$66,6 0 5 87
4 ,6 0 0 00
3 8 1 ,5 2 6 36

4 f per cent.
4 f per cent.
5 per cent.

D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of. same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.

,

.

Amount.

$ 6 1 ,8 5 0 00
9 ,2 9 0 00

.

.

G ross I n c o m e

r e c e iv e d

4 ,3 9 0
$302,679 65
2 ,429

.

195,310 24

.
.
.

.

.
.
.

.

739
461
1,931

.

Y

d u r in g

Y

of

157,916 36
153
28 ,0 0 4 99

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
June, 1906, I f per cent.,
.
.
D ate

104

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $2 ,3 0 0 00
$ 2,063 41
Percentage to total assets, .
. 0 0330
.0 0 2 9 6
for

5-J per cent.
6 per cent.

.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
A m ou n t of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

Rate.

.
.

.
.

.
.

Total.
$4 ,3 6 3 41
.0 0 6 2 6
$8,581 58
9 ,842 74

18,424 32

E x a m in a t io n , M a r c h 13.

CONW AY SAVINGS B A N K — CONWAY.
A r t h u r P. D e l a b a r r e , President.
A . C. G u il f o r d , Treasurer.
A . C. G u il f o r d , Clerk of the Corporation.

Investment Committee: Jo h n B . P a c k a r d , A r t h u r P. D e l a b a r r e , Ch a r l e s L . B o y d e n ,
H a r r is D . P e a s e , F r a n c is R . R ic h m o n d .
Incorporated March 10, 1887.

Open for business every business day, 9

a .m .

to 2

p.m .

Deposits commence to draw interest the first day of February, M ay, August and Novem ber.
Dividends are payable the first day of M ay and Novem ber.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Com pany bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

$ 6 ,0 0 0
4 .0 0 0
17,000
5 .0 0 0
9 ,3 0 0
287,9 2 2
7 1,578
682
19,398
1,463

00
00
00
00
00
50
33
11
85
02

$ 4 2 2 ,3 4 4 81

Deposits,
G uaranty fund,
Profit and loss ac­
count,

$4 0 9 ,5 6 8 67
9 ,763 95
3 ,0 1 2 19

$ 4 2 2 ,3 4 4 81

No. 8.]

101

BANK COMMISSIONER
Conway Savings Bank — Continued.

Ca s h o n D e p o s it in B a n k s , A m o u n t i n E ac h : —
Old Colony Trust Company, Boston,
.
.
.
.
Conway National Bank, Conway, .
.
.
.
.
Hampshire County National Bank, Northam pton, .
Pynchon National Bank, Springfield (in liquidation),

$ 3 ,885
10,412
5 ,000
101

Estimated
Market Value.

Par Value.

S c h e d u le of Se c u r it ie s O w n e d .

04
55
00
26

Book Value.

Public Funds.
City of H olyoke, Mass., 4s,
Milwaukee, W is., 5s,
New ton, Mass., 4s,
Somerville, M ass., 4s,
Springfield, O., 4-J-s,

.

.

.

.

.
.
.

.
.
.

.
.
.

.
.
.

•
Bank Stocks.
20 shares Conway National Bank, Conway,
10 shares City National Bank, H olyoke, .
10 shares N orth A dam s N a t’l B ’ k, North Adam s,

$ 2,000
1,000
1,000
1,000
1,000

$ 2,035
1,050
1,032
1,000
1,017

00
00
50
00
50

$2 ,0 0 0
1,000
1,000
1,000
1,000

00
00
00
00
00

$6,000

$ 6,135 00

$6 ,0 0 0 00

$2,000
1,000
1,000

$ 2,000 00
1,170 00
1,150 00

$2 ,0 0 0 00
1,000 00
1,000 00

$ 4,000

$4 ,3 2 0 00

$4 ,0 0 0 00

$1,000
2,000
1,000
5,000
5,000
1,000
1,000
1,000

$1 ,0 1 0
1,850
1,030
4 ,575
5 ,000
1,022
1,200
1,025

$1 ,0 0 0
2 ,000
1,000
5,000
5,000
1,000
1,000
1,000

Railroad Bonds.
Boston & A lb an y R .R . 4s,
Chicago, Burlington & Quincy R .R . 3 As, .
Connecticut R iver R .R . 4s,
Illinois Central R .R . 3-Js,
.
.
.
.
N ew Y ork , New H aven & Hartford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
St. Johnsbury & Lake Champlain R .R . 5s,
Worcester, .Nashua & Rochester R .R . 4s, .

00
00
00
00
00
50
00
00

00
00
00
00
00
00
00
00

$17,000

$16,7 1 2 50

$17,000 00

$5,000

$ 5,200 00

$5 ,0 0 0 00

Boston Terminal Com pany Bonds.
Boston Terminal Com pany

3 -jS ,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$3 ,8 8 5 04
10,412 55

Rate.

2 per cent.
3 f per cent.

Amount.

1

$8,101 26
5 ,000 00

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

Rate.

Amount.

4 per cent.
4A per cent.

$ 3 5 5,538 33
5 ,2 6 2 50

.
.

.

.

.
.

.
.
.

.

.

.

.
.
.

.
.
.

.
.
.

.

5 per cent.
6 per cent.

701

.

.

.

.

.

.

.

$ 70,099 60
521

.
.
.

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate,

54 ,3 2 2 10

132
89
1,148
139
.
.

.

200,9 7 2 50
158

102

[Pub. Doc.

REPORT OF THE
Conway Savings Bank — Concluded.

G ross I n c o m e

r e c e iv e d

T otal E x p e n s e s

Y

d u r in g

Y ear,

.

.

.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

of

$18,783 60

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
.
$700 00
$532 09
Percentage to total assets, .
.0 0 1 6 5
.0 0 1 2 6
fo r

.

.

.

.

.

Total.
$1 ,2 3 2 09
.0 0 2 9 1
$ 7,305 40
7 ,652 91

.

14,958 31

E x a m in a t io n , Ju n e 26.

COUNTY SAVINGS BANK — CHELSEA.
A l b e r t D . B o sso n , President.
G e o r g e T . R o b e r t s , Treasurer.
V e r n o n A . F ie l d , Clerk of the Corporation.

Investment Committee: A l b e r t D . B o sso n , M il t o n R a t , W
G e o r g e W . M o se s , R o y a l S. W
Incorporated F eb. 27, 1890.

S. H i x o n ,

il l ia m
entw orth.

Open for business every business day, 8
also Saturdays, 4 to 9 p . m .

a .m .

to 1

p . m .;

Deposits commence to draw interest the third Saturday of January, April, July and
October.
Dividends are payable the M onday following the third Saturday of April
and October.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

$79,7 0 0
16,000
146,028
34 ,0 0 0
5 .0 0 0
4 .0 0 0
37 ,6 5 0
1,138 ,5 7 5
252,1 7 5
2 ,3 4 4
551
6 .000
3 3 ,133
549

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
.
.
.
Premium account,
Deposits in banks, on interest,
Cash on hand, .

00
00
75
00
00
00
00
07
00
05
92
00
48
05

$ 1 ,6 7 7 ,7 0 4 04
37 ,0 0 0 00

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .

3 9 ,288 52
1,714 76

$1,7 5 5 ,7 0 7 32

$1,7 5 5 ,7 0 7 32

C a s h o n D e p o sit i n B a n k s , A m o u n t i n E ach
First W a rd National Bank, Boston,
W innisim m et National Bank, Chelsea, .

$10,308 31
22 ,8 2 5 17

L o a n s o n B a n k S t o c k s , A m o u n t o n E ac h : —
20 shares State National Bank, B o sto n ,.
10 shares State National Bank, B o sto n ,.
10 shares First National Bank, Boston,

Schedule

of

$2 ,0 0 0 00
[

Par Value.

Secubitif.s Owned.

Estimated
Market Value.

Public Funds.
Massachusetts 3s, .
C ity of Brockton, Mass., 3Js, .
Brockton, Mass., 4s,
.
Cambridge, Mass., 3-Js,
Chelsea, M ass., 4s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.

.

.

.

$ 20,000
3 ,800
4 .000
1.000
8 ,000

$ 18,465
3,721
4 ,1 2 0
997
8 ,0 3 2

00
12
00
50
50

2 ,0 0 0 00

Book Value.

$ 2 0 ,0 0 0
3 ,8 0 0
4 .0 0 0
1 .000
8 ,0 0 0

00
00
00
00
00

No. 8.]

103

BANK COMMISSIONER
County Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Public Funds — Concluded.
City of Chicago, 111., 4s,
.
.
.
D ayton. 0 ., 3^s,
.
.
.
Dubuque, la ., 5s,
.
.
.
Milwaukee, W is., 5s,
Quincy, Mass., 3-jS,
.
.
.
Sioux City, la ., 4-|s,
.
.
.
South Norwalk, Conn., 4s, .
Tow n of South W ayn e, Ind ., 6s,

.
.

.
.

Estimated
Market Value.

$15,000
5,000
3,500
2,000
1,600
10,000
5,000
800

$15,125
4 ,9 5 0
3 ,5 3 5
2 ,010
1,594
10,400
5 ,200
912

00
00
00
00
00
00
00
00

$79,700

$79,0 6 2 12

Book Value.

$15,000
5,000
3,500
2,000
1,600
10,000
5,000
800

00
00
00
00
00
00
00
00

$79,700 00

Bank Stocks.
25
25
11
7
3
12
30
25
6
5

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

First W a rd National Bank, Boston, .
M t. Vernon National Bank, Boston, .
National Shawm ut Bank, Boston,
National Union Bank, Boston, .
New England National Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston,
W innisim m et N a t’l Bank, Chelsea,
Dedham National Bank, Dedham,
First National Bank, Newburyport, .

$ 2 ,500
2,500
1,100
700
300
1,200
3 ,000
2,500
600
500
$14,900

$4,375
1,250
3,003
1,260
42 0
2,676
4 ,4 7 0
3 ,500
660
600

00
00
00
00
00
00
00
00
00
00

$ 22,214 00

$ 2,500
2,500
2,200
700
300
1,200
3 ,000
2 ,500
600
500

00
00
00
00
00
00
00
00
00
00

$ 16,000 00

Railroad Bonds.
Boston, Clinton & Fitchburg R .R . 5s,
Boston & Lowell R .R . 4s,
.
.
.
Chicago, Burlington & Quincy R .R . 3-jS,
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Concord & Montreal R .R . 4s, .
Connecticut R iver R .R . 31,-s, .
.
.
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3|s,
.
.
.
Maine Central R .R . 4s, .
Maine Central R .R . 4-j-s,
.
.
.
Maine Central R .R . 5s, .
Maine Central R .R . 7s, .
Michigan Central R .R . 3-Js,
.
.
.
N ew Y o rk Central & Hudson R iver R .R .
N ew Y ork, New H aven & Hartford R .R .
N ew Y ork, New H aven & Hartford R .R .
Old Colony R .R . 4s,
.
.
.
.
Portland & Ogdensburg R .R . 34s,
U pper Coos R .R . 4s,
.
.
.
.
W ashington County R .R . 34s,

.

.
.
.
.

.
34s,
34s,
4s,

.
.

$1,000
1,000
6,000
5,400
6,000
6,000
10,000
5,000
18,000
5,000
1,000
1,000
500
1,000
5,000
5,000
8 ,000
4 3,000
5,000
5,000
5,000
5,000
$147,900

$ 1 ,030
1,000
5 ,550
5,525
6 ,960
6 ,090
9 ,6 0 0
5 ,062
14,220
4 ,6 0 0
1,005
1,030
527
1,160
4 ,7 0 0
4 ,7 0 0
7,980
43 ,4 6 5
5 ,125
4 ,9 5 0
5,000
4 ,5 0 0

00
00
00
00
00
00
00
50
00
00
00
00
50
00
00
00
00
00
00
00
00
00

$143,780 00

$ 1 ,000
1,000
6,000
5,400
6,000
6,000
10,000
5,000
16,128
5,000
1,000
1,000
500
1,000
5,000
5,000
8,000
4 3,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00

$146,028 75

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
Gloucester, Essex & Beverlv Street R v . Co. 5s,
Lowell, Lawrence & Haverhill Street R y . Co. 5s,
Lowell & Suburban Street R ailw ay Co. 5s,
L ynn & Boston Railroad Co. 5s,
W e st E n d Street R ailw ay Co. 4s,

$10,000
4 ,000
4 ,000
5,000
5,000
6,000

$ 10,225
4 ,1 2 0
4 ,1 2 0
5 ,075
5 ,450
6,107

00
00
00
00
00
50

$ 10,000
4 ,0 0 0
4 ,000
5,000
5 ,000
6,000

$34,000

$35,097 50

$34,000 00

$ 5,000

$5 ,2 0 0 00

$5 ,0 0 0 00

00
00*
00*
00*
00*
00

Boston Terminal Company Bonds.
Boston Terminal Company 34s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal investm ents when m ade.

104

[Pub. Doc

REPORT OF THE
County Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.

Amount.

Rate.

$33,133 48
2 0,560 00
7 ,940 00

Rate.

Amount.

2 per cent.
3£ per cent.
4 per cent.

4% per cent.
4 f per cent.
5 per cent.

$26,0 0 0 00
15,000 00
344,6 0 7 79

R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

.
.

.
.

.

.

.
.

.

.

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

of

$2 ,3 4 4 05
2 ,300 00
9,647
509,756 84

.
.

.
.

924
482
5 ,044
645
826,1 4 7 07
677
8 4,673 4 8

Y ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

5£ per cent.
5£ per cent.
6 per cent.

403,9 3 0 29

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $ 6 ,1 2 4 92
$2 ,4 4 7 77
Percentage to total assets, .
. 00349
.0 0 1 3 9
fo r

$ 6 8 ,9 0 0 00
196,665 00
752,7 2 7 28

' 6,099

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

Rate.

O t h e r w is e : —
.
.
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A c co u n t s : —
N um ber opened during year,
Num ber closed during year,
Total number O ct. 31, 1 9 0 6 ,.

Amount.

.
.

.
.

.
.

Total.
$ 8 ,5 7 2 69
.0 0 4 8 8
$29,2 1 9 40
30 940 56

60.159 96

E x a m in a t io n , M ar ch 6.

CROCKER INSTITUTION FOR SAVINGS — TURNERS FALLS.
I sa a c C h e n e r y , President.
N o r m a n P. F a r w e l l , Treasurer.
N o r m a n P. F a r w e l l , Clerk of the Corporation.

Investment Committee:
Incorporated April 3, 1869.

Ja m e s A . G u n n , M . B . A l l e n , E . L . G o d d a r d .
Open for business every business day, 9

a .m .

to 3

p .m .

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK COMMISSIONER

No. 8.]

105

Crocker Institution for Savings — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Liabilities.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building, .
.
.
.
Prem ium account,
Furniture and fixtures,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.

$100,0 0 0
7 ,500
188,655
17,900
20 ,0 0 0
9 ,317
6 ,700
1,205
978,1 0 0
2 5 0 ,5 1 4
32 ,7 2 5
41 ,0 0 0
5 ,560
2 ,2 0 0
27,495
3 ,000
3 ,077

00
00
00
00
00
62
00
00
00
80
00
00
90
00
98
00
47

Deposits,
Guaranty fund, .
Profit and loss ac­
count,

$ 1 ,6 2 7 ,3 1 8 40
6 0 ,9 5 0 00
6,683 37

$1,694,951 77

$1,6 9 4 ,9 5 1 77

Ca s h o n D e p o sit in B a n k s , A m o u n t in E a c h : —
National Shawmut Bank, Bos t on, .
.
.
.
First National Bank, Greenfield, .
.
.
.
Crocker National Bank, Turners Falls, .
L oans
3
1
54
10
40

$ 5,034 11
5,766 84
19,695 03

o n B a n k St o c k s, A m o u n t o n E a c h : —
shares Crocker National Bank, Turners Falls,
share Crocker National Bank, Turner’s Falls,
shares First National Bank, Greenfield,
shares Franklin County National Bank, Greenfield,
shares Packard National Bank, Greenfield,

$249
100
5,400
800
2,768

32
00
00
00
30*

* In liquidation.

Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3£s , .
.
.
.
.
.
City of Boston, Mass., 3^s,
.
.
.
.
Cambridge, Mass., 4s, .
Chicago, 111., 4s, .
.
.
.
.
Cleveland, O., 5s,
.
.
.
Fort W ayn e, Ind., 4-|s,
Lewiston, Me., 4s,
.
.
.
.
Milwaukee, W is., 5s, .
Somerville, Mass., 4-|s,
Springfield, Mass., 4s, .
.
.
.
Town of Turners Falls, Mass. ( lir e District), 4s,

$ 20,000
25,000
10,000
21,000
1,000
4 ,000
5,000
5,000
1,000
5,000
3 ,0 0 0

$20,0 0 0
24 ,2 5 0
10,075
2 1,053
1,000
4 ,1 2 0
5,131
5 ,250
1,010
5,143
3 ,0 0 7

00
00
00
75
00
00
25
00
00
75
50

$20,0 0 0
2 5,000
10,000
2 1,000
1,000
4 ,0 0 0
5 ,0 0 0
5 ,0 0 0
1,000
5 ,0 0 0
3 ,0 0 0

00
00
00
00
00*
00
00
00
00
00
00

$100,000

$100,041 25

$ 1 0 0,000 00

$175
7,500

$5 00
10,500 00

_
$7 ,5 0 0 00

$7,675

$10,5 0 5 00

$7 ,5 0 0 00

B ank Stocks.
5 shares Trem ont National Bank, Boston,
75 shares Crocker N a t’l Bank, Turners Falls,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* A legal investm ent when made.

106

[Pub. Doc

REPORT OF THE
Crocker Institution for Savings — Continued.
Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

Railroad Bonds.
Boyer V alley R .R . 31,-8, .
.
.
.
.
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 34s,
Concord & Montreal R .R . 4s, .
.
.
.
Connecticut & Passumpsic Rivers R .R . 4s,
Fitchburg R .R . 34s,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 34s,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 44s,
.
.
.
.
N ew York, New H aven & H artford R .R . 34s,
N ew Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Peoria & Northwestern R .R . 34s,
Princeton & Northwestern R .R . 34s,
Sioux City & Pacific R .R . 34s,
Upper Coos R .R . 4s,
.
.
.
.
.
W orcester, Nashua & Rochester R .R . 4s, .

.

$10,000
3 0,000
13,000
10,000
2 ,000
5,000
15,000
10,000
16,000
5,000
10,000
5,000
5,000
2 0,000
13,000
2,000
5,000
5,000
5,000
5,000

$ 9,400
30,8 0 0
12,350
10,150
2 ,060
4 ,7 5 0
15,118
7 ,800
14,695
5 ,050
10,000
5 ,125
4 ,6 0 0
20 ,0 6 2
13,455
1,880
4 ,7 0 0
4 ,6 2 5
5 ,000
5 ,125

00
00
00
00
00
00
75
00
00
00
00
00
00
50
00
00
00
00
00
00

$9,6 7 5
3 0,000
13,000
10,000
2 ,000
5 ,000
15,000
8 ,8 5 0
15,800
5 ,000
10,000
5 ,0 0 0
4 ,7 5 0
20,0 0 0
13,000
1,942
4 ,8 4 3
4 ,793
5 ,000
5 ,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
75
75
00
00

$188,655 00

$191,000

$186,746 25

$ 4,000
10,000
4 ,000

$4 ,2 4 0 00
9 ,8 0 0 00
4 ,0 2 0 00

$ 18,000

$18,060 00

$17,9 0 0 00

$20,000

$20,8 0 0 00

$20,0 0 0 00

Street R ailw ay Bonds.
A th o l & Orange Street R ailw ay Co. 5s,
Hoosac V alley Street R ailw ay Co. 4s,
Naum keag Street R ailw ay Co. 5s,

$4 ,0 0 0 00
9 ,900 00
4 ,0 0 0 0 0 *

Boston Term inal Com pany Bonds.
Boston Terminal Company 34s,

* A legal investm ent when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 21,729 14
5 ,766 84
500 00

Rate.

2
3
4

per cent.
per cent.
per cent.

Amount.

Rate.

Amount.

$ 2 3 3,000 00
6 2,000 00
930,7 2 8 62

4 4 per cent.
4 f per cent.
5 per cent.

$14,508 80
5,100 00

R e a l E s t a t e for B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
.
Estim ated value,
.
.
.
.
.
Assessed value, .
.
. . .
.
N et income during year,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

54 per cent.
6 per cent.

$41,0 0 0
41 .0 0 0
2 5.000
1,429

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

Rate.

00
00
00
85

3 2,725 00
27,400 00
640 77
3,718
276,197 30

.
2 ,272
.

235,1 8 2 39

No. 8.]

BANK COMMISSIONEN.

107

Crocker Institution for Savings — Concluded.
D ep o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
,

.
.
.

.

.

.
.
.

.
.
.

S t a t ist ic s of L o a n s : —
Num ber not exceeding $ 3 ,000 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

Y

fo r

d u r in g

ear

Y

400
.

.

$3 4 2 ,4 8 2 62

.
395

7 3,042 23
of

T axes) : —

Salaries.
. $ 2,537 85
.
.0 0 1 5 0
D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, 2 per cent.,
of

.

ear,

( e x c l u s iv e

Am ount paid during year,
Percentage to total assets,

D ate

592
353
3,989

.

Other Expenses.
$616 60
.0 0 0 3 6

Total.
$3 ,1 5 4 45
.0 0 1 8 6
$29,6 2 5 38
3 0 ,602 93

6 0,228 31

E x a m in a t io n , M a r c h 22.

DANVERS SAVINGS BANK — DANVERS.
Ch a r l e s H . W

President.
J. F r a n k P o r t er , Treasurer.
J. F r a n k P o r t er , Clerk of the Corporation.

h it e ,

Investment Committee: Ch ar l e s H . W

h it e , C h a r l e s N . P e r l e y , I saac D . P o p e ,
C h a r l e s H . P r e s t o n , J o sh u a A r m it a g e .

Incorporated March 20, 1850. Open for business every business day except Saturdays,
8 a . m . to 12 m ., 1 to 3 p . m .; Saturdays, 8 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.
Liabilities.

Assets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loan on public funds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Stocks, bonds, etc., taken to secure indebtedness, .
Expense account,
Furniture and fixtures,
Taxes paid on m ortgaged properties,
.
.
.
.
.
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 2 9 ,0 0 0
5 2,149
390,5 4 6
5 0,000
8 5 ,0 0 0
3 ,000
34 ,5 2 5
16,000
375
1,046,711
533,943
5 3,076

00
83
25
00
00
00
00
00
00
75
44
49

Deposits,
G uaranty fund,
Interest account, .
Earnings
u ndivided,

$ 2 ,1 8 8 ,2 3 8 32
109,000 00
9 ,1 2 5 32
16,008 85

1 00
208 33
2 ,6 0 0 00
4 ,6 2 7
18,040
2 ,0 0 0
567

04
57
00
79

$2,3 2 2 ,3 7 2 49

$ 2 ,3 2 2 ,3 7 2 49

REPORT OF THE

108

[Pub. Doc

Danvers Savings Bank — Continued.
Ca s h o n D e p o s it i n B a n k s , A m o u n t in E a c h : —
Faneuil H a ll National Bank, Boston,
.
.
.
Danvers National Bank, Danvers,
.
.
.

$13,654 64
6,385 93

.
.

L o a n o n P u b l ic F u n d s : —
S3,000
City of Fall R iver, M ass., 6s,

$ 3 ,000 00

L oans on B a n k Stocks, A m o u n t on E ach : —
116 shares Traders National Bank, Lowell,
100 shares City National Bank, Gloucester,
. •
240 shares Am erican National Bank, Boston,
2 shares Danvers National Bank, Danvers,
5 shares Danvers National Bank, Danvers,
4 0 shares W arren National Bank, Peabody, .

$10,000
10,000
10,000
150
375
4,000

00
00
00*
00
00
00f

* In liquidation.
t This loan has since been reduced within the legal lim it.

Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Valu e.

$ 5,500
2 1.500
2 ,000

$5 ,2 8 0 00
2 1,826 00
1,985 00

$5 ,5 0 0 00
21 ,5 0 0 00
2 ,0 0 0 00

$29,0 0 0

$29,091 00

$ 2 9 ,0 0 0 00

P ublic Funds.
Tow n of Danvers, Mass., 3 ts, .
Danvers, Mass., 4s, .
Gardner, Mass., 3-ts, .

.

.

.

.

.

.

B ank Stocks.
50
60
37
8
75
125
20
51
7
100
4
21

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Merchants National Bank, Boston, .
National Bank of Commerce, Boston,
State National Bank, Boston, .
W ebster & A tlas N a t’l Bank, Boston,
Danvers National Bank, Danvers,
First National Bank, New Bedford, .
W arren National Bank, Peabody,
Asiatic National Bank, Salem,
First National Bank, Salem,
National Exchange Bank, Salem,
Naum keag National Bank, Salem,
Salem National Bank, Salem, .

$ 5,000
6,000
3 ,700
800
7,500
12,500
2 ,000
5,100
350
3,500
400
2,100

$10,5 0 0
9 ,6 0 0
5 ,513
1,184
8 ,2 5 0
16,625
2 ,1 0 0
5 ,355
175
500
600
2 ,000

00
00
00
00
00
00
00
00
00
00
00
00

$ 6,475
6 ,000
4,431
880
8 ,2 5 0
14,947
2 ,0 0 0
5 ,100
350
1,000
281
2 ,434

00
00
25
83
00
25
00
00
00
00
00
50

$49,350

$ 62,402 00

$ 52,149 83

$10,000
3 5,000
43,0 0 0
2 5,000
5 0,000
10,000
5 1,000
2 5,000
2 5,000
4 5,000
15,000
25,000
20,000
15,000

$ 11,700
3 6,050
39 ,7 7 5
2 5,875
47 ,7 5 0
10,125
4 6 ,9 2 0
2 5,125
2 2,750
45 ,9 5 0
15,150
26,7 5 0
18,000
15,375

$10,0 0 0
3 5,000
41 ,5 0 6
25,0 0 0
50,0 0 0
10,000
5 0,940
25,0 0 0
2 4 ,2 5 0
45,0 0 0
15,000
25,0 0 0
18,850
15,000

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-§s, .
Connecticut & Passumpsic Rivers R .R . 4s,
Fitchburg R .R . 3-^s,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . -jS,
.
.
.
.
Maine Central R .R . 4s, .
N ew Y ork, New H aven & Hartford R .R . 31s,
New Y ork , New H aven & H artford R .R . 4s,
Penobscot Shore Line R .R . 4s,
U pper Coos R .R . 4£s,
.
.
.
.
.
W ashington County R .R . 3|-s,
W orcester, Nashua & Rochester R .R . 4s, .

3

.

00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
25
00
00
00
00
00
00
00
00
00
00
00

$394,000

$387,295 00

$3 9 0 ,5 4 6 25

$50,000

$51,125 00

$50,0 0 0 00

$ 85,000

$88,4 0 0 00

$85,000 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 31s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. '8.]

BANK COMMISSIONER.

109

Danvers Savings Bank — Concluded.
Total Am ount of Loans at Specified Rates of Interest.
Amount.

$4 ,3 8 5
13,654
2 ,5 0 0
1,000

Rate.

93
64
00
00

2
2-J
3f
4

per
per
per
per

Amount.

cent.
cent.
cent.
cent.

$176,400
91.000
957,769
6 8.000

Rate.

00
00
44
00

4J
4f
5
5-j-

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

Rate.

$1 6 9 ,9 9 5 00
166,790 75
1,100 00

5-J- per cent.
6 per cent.
7 per cent.

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
N et income during year,
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.

.
.

.
.
.

.
.
.

.

.
.
.

.
.
.
.
. . . . . .

.

.
.
,

$53,076 49
46 ,6 0 0 00
2 ,133 39

.

.
.
.

.

.
.
.

O ross I n c o m e

r e c e iv e d

T otal E x p e n se s

d u r in g

Y

ear,

.

.

.

.

.
.

372,0 4 3 75
367

.

.

102,612 19

fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
.
October, 1906, 2 per cent., .
.
.
of

275,683 16

328
.

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $2,8 0 0 00
$1,691 60
Percentage to total assets, .
.0 0 1 2 1
.0 0 0 7 2

D ate

298,059 06

569
344
5,627

.

S t a t ist ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

3,976
.
3 ,052

.
.

.

Total.
$4,491 60
.0 0 1 9 3
$40,7 9 3 47
4 1,699 84

.

8 2,493 31

E x a m in a t io n , A p ril 6.

DEDHAM INSTITUTION FOR SA V IN G S— DEDHAM.
W

in s l o w

W

arren,

President.
A l f r e d H e w i n s , Treasurer.
A lf r e d H e w i n s , Cleric of the Corporation.

Investment Committee: A u g u s t u s B . E n d ic o t t , Cl if t o n P. B a k e r , D o n G l e a s o n H il l ,
H o w a r d Co l b u r n , W

in s l o w

W

arren.

Incorporated March 19, 1831. Open for business every business day except Saturdays,
9 a . m . to 12.30 P.M., 2 to 4 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of February, M ay, August and N ovem ber.
Dividends are payable the second Saturday of M ay and N ovem ber.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

110

[Pub. Doc

REPORT OF THE
Dedham Institution for Savings — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

Liabilities.

Assets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on public funds,
Loan on bank stocks,
Loan on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building and fixtures,
Deposit in bank, on interest,
Deposit in bank, not on interest, .

$ 8 7 3,000
31 .0 0 0
908,5 7 8
130,000
35 .0 0 0
500
25 .0 0 0
149,960
672,7 2 5
1 ,4 2 9 ,6 0 0
12,694
35 .0 0 0
8 4,183
2 ,0 0 0

00
00
75
00
00
00
00
17
00
00
50
00
29
00

$4,0 8 6 ,2 9 2 71
2 00,296 92

Deposits,
Guaranty fund, .
Profit and loss ac­
count,

102,652 08

$ 4 ,3 89,241 71

$4,389,241 71

C a sh o n D e p o sit in B a n k : —
Dedham National Bank, Dedham ,

$86,183 29

L o a n o n P u b l ic F u n d s : •
—
$36,000 City of H artford, Conn., 34s,

$ 35,000 00

L o a n o n B a n k S to cks : —
10
shares Dedham National Bank, Dedham ,

$500 00

L o a n o n R a il r o a d B o n d s : -—
$ 25,000 shares Fitchburg R .R . 4 s ,.

$ 25,000 00

Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Public Funds.
City of Akron, O., 5s,
.
.
.
.
Boston. Mass.. 34s,
.
.
.
Boston, Mass., 4s,
.
.
.
Bridgeport, Conn., 4s,
Chicago, 111., 4s,
.
.
.
D ayton, O., 4s, .
.
.
.
D ayton, O ., 5s, .
Fall River, Mass., 3 4 s,.
Fall River, Mass., 4-jS,.
Fall River, Mass., 44s , .
.
.
Grand Rapids, Mich., 44s,
Indianapolis, Ind., 4s,
.
.
Kansas City, M o., 44s,
Lynn, Mass., 34s,
.
.
.
Lynn, Mass., 4s,
.
.
.
Melrose, Mass., 4s,
Manchester, N . H ., 4 s ,.
Manchester, N . H ., 44s,
New Bedford, Mass., 34s,
Newton, Mass., 34s,
.
.
.
Newton, Mass., 4s,
Northam pton, Mass., 4s,
Norwalk, Conn., 4s,
.
.
.
Portland, Me., 6s,
.
.
.
Portsmouth, N . H ., 4s.
Scranton, Pa., 44s,
.
.
.
Springfield, O., 44s,
.
.
.
Springfield, O., 5s,
.
.
.
Town of Dedham , Mass., 4s, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.
.
.

.

.
.
.
.
.

$1,000
3 0,000
100,000
38,000
5 5,000
20,000
25,000
24,000
25,000
10,000
38,000
12,000
25,000
3 0,000
3 5,000
20,000
14,000
15,000
28,000
10,000
45,000
17,000
18,000
4 8,000
20,000
25,000
4 0,000
10,000
2 5 ,000

$ 1,000
2 9,350
101,000
3 9,140
5 5,687
2 0,150
2 6,125
2 3,640
2 5,750
10,450
39,5 2 0
12,420
2 6,250
2 9,550
3 6,180
20,5 0 0
14,280
15,675
27,650
9 ,725
4 7,025
17,255
18,720
4 8,720
20,000
2 6 ,560
42 .7 0 0
10,950
25,437

00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50

Book Value.

$ 1,000
30 ,0 0 0
100,000
3 8 ,000
5 5,000
2 0,000
25 ,0 0 0
2 4,000
2 5,000
10,000
3 8,000
12,000
25,0 0 0
30,0 0 0
35,0 0 0
20,0 0 0
14,000
15,000
28 ,0 0 0
10,000
45 ,0 0 0
17,000
18,000
48 ,0 0 0
2 0 ,000
25 ,0 0 0
40 ,0 0 0
10,000
2 5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

No. 8.]

BANK COMMISSIONER.

Ill

Dedham Institution for Savings — Continued
Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

Public Funds — Concluded.
Tow n of H opkinton, Mass., 5s,
Methuen, Mass., 4s, .
Peabody, Mass., 4s, .

$ 2 0 ,00 0
2 5 ,0 00
2 5 ,0 00

$ 2 0 ,60 0 00
2 5 ,7 5 0 00
2 5,5 00 00

$ 20 ,00 0 00
2 5 ,0 0 0 00
2 5 ,0 0 0 00

$ 8 7 3 ,0 0 0

$ 8 9 3 ,2 6 0 00

$ 8 7 3 ,0 0 0 00

Bank Stocks.
75 shares National Bank of Commerce, Boston,
25 shares National Union Bank, Boston,
60 shares Peoples National Bank, Boston,
150 shares D edham National Bank, Dedham ,

$ 7 ,5 00
2 ,5 0 0
6 ,0 0 0
15,000

.

$ 12 ,00 0
4 ,5 0 0
7,9 2 0
16,500

00
00
00
00

$ 7 ,5 0 0
2 ,5 0 0
6 ,0 0 0
15,000

00
00
00
00

$ 3 1 ,00 0

$ 40 ,92 0 00

$ 3 1 ,0 0 0 00

$ 5 0 ,00 0
2 5 ,0 00

$ 47 ,25 0 00
2 5 ,2 50 00

$ 5 0 ,0 0 0 00
2 5 ,0 00 0 0

3 5 ,0 0 0
2 0,0 00
10,000
6 0,0 00
4 5 ,0 0 0
2 5,0 00
2 6,0 00
3 0 ,0 0 0
4 0 ,0 00
8 5 ,0 00
16,000
3 ,0 0 0
11,000
3 5 ,0 0 0
5 0 ,0 00
1 25,000
3 0,0 00
2 5 ,0 0 0
4 9 ,0 0 0
15,0 00
15,0 00
4 0 ,0 0 0
2 5 ,0 0 0
2 8 ,0 0 0

3 6 ,2 2 5
2 0 ,4 00
9 ,6 0 0
6 1 ,5 00
5 0,6 25
2 7,0 00
24,0 50
3 0,7 50
4 0 ,5 0 0
7 8,2 00
1 6,040
3 ,0 9 0
1 2,760
3 6,4 00
4 7 ,0 0 0
125,875
3 0,7 50
23,8 75
5 0,6 00
1 6,050
1 6,800
4 1 ,4 0 0
2 2 ,5 0 0
2 8,8 40

3 5 ,0 0 0
2 0 ,0 0 0
9 ,9 0 0
6 0 ,0 00
4 5,0 00
2 5,0 00
2 4,9 60
3 0 ,0 0 0
4 0 ,0 0 0
8 1 ,0 6 2
1 6,000
3 ,0 0 0
1 1,000
3 5 ,0 0 0
4 7,7 50
1 25,000
3 0 ,0 0 0
2 3,9 06
4 9 ,0 0 0
1 5,000
1 5,000
4 0 ,0 0 0
2 4 ,0 0 0
2 8 ,0 0 0

Railroad Bonds.
Boston & A lb an y R .R . 3-|s,
.
.
.
.
Boston & A lb an y R .R . 4s,
.
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5s,
.
.
.
.
.
.
.
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3^s,
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 4-Js,
Boston, Revere Beach & L ynn R .R . 4-|s, .
Chicago, Burlington & Quincy R .R . 3-J-s, .
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3^s,
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 4^s,
.
.
.
.
Maine Central R .R . 7s, .
Newport & Richford R .R . 5s, .
New Y ork Central & Hudson R iver R .R . 31,-s, .
New Y ork, New H aven & Hartford R .R . 4s,
Norwich & W orcester R .R . 4s,
Old Colony R .R . 3^s,
.
.
.
.
.
Old Colony R .R , 4s,
.
.
.
Pennsylvania R .R . 6s,
Portsmouth, Great Falls & Conway R .R . 4^s, .
Verm ont V alley R .R . 5s,
.
.
.
.
W ashington County R .R . 3^s,
W orcester, Nashua & Rochester R .R . 4s, .

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
50
00
00
00
00*
00
00
00
25
00
00
00
00
00
00

$ 9 1 8 ,0 0 0

$ 9 2 3 ,3 3 0 00

$ 9 0 8 ,5 7 8 75

$ 5 0 ,0 0 0
8 0 ,0 0 0

$ 5 1 ,1 2 5 00
8 0,4 00 00

$ 5 0 ,0 0 0 00
8 0 ,0 0 0 00

$ 1 3 0 ,0 0 0

$ 1 3 1 ,5 2 5 00

$ 1 3 0 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
W e s t End Street R ailw ay Co. 4s,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$84,183
70,384
5 0,000
2 98,190

Rate.

29
45
00
00

2
4
4-j4^

per
per
per
per


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

cent.
cent.
cent.
cent.

Amount.

$ 20,000
5 47,600
1,101,035
5 0,000

Rate.

00
00
72
00

4f
4f
5
5J

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$25,800 00
149,775 00

Rate.

5^ per cent.
6 per cent.

112

REPORT OF THE

[Pub. Doc

Dedham Institution for Savings — Concluded.
R e a l E st a t e for B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
R e a l E st a t e b y F o r e c lo su r e
Am ount invested,
.
.
Assessed value, .
.
.

or

D e p o s it A cco u n t s : —Num ber opened during year,
Num ber closed during year,
Total number Oct. 31, 1 9 0

.

.

.
.

.
.

O t h e r w is e : —
.
.
.
.
.
.
.
.

.
.

.
.

.
.

.

7,851
.
5 ,972

.
.
6

.
.

.

.

.

.
.

.
.

.
.
.

.
.
.

.

.
.
.

.
.
.

.

.
.
.

.

.
.
.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

ear,

.

.

.

.
.

of

375,9 2 5 00

.
336
.

.

1 81,984 26

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, 2 per cent.,
.
.
M ay, 1906, I f per cent.,
.
.
.
D ate

560,307 12

277
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $5 ,4 0 0 00
$2 ,1 5 8 46
Percentage to total assets, .
.0 0 1 2 3
.0 0 0 4 9
for

12,694 50
18,100 00

1,095
805
10,326

.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

00
00
00
50

524,0 6 8 01

.
.
,

.

$35,000
5 0,000
62,5 0 0
812

.

.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.

.
.

.

.
.

.

Total.
-$7,558 46
.0 0 1 7 2
$74,5 8 3 81
6 6,926 78

141,510 59

E x a m in a t io n , A pr il 13.

DORCHESTER SAVINGS BANK — DORCHESTER.
F r e d e r ic k L . W

a l k e r , President.
F r a n k M. W h it m a n ,

.Investment Committee:

G e o r g e W . B r a d fo r d , Treasurer.

Clerk of the Corporation.

H e r b e r t W . B u r k e , G eo r g e W . B r a d f o r d , J. B . L . B a r t l e t t ,
E . S. W oodb ury, W m . H . R o b e y .

Incorporated April 16, 1894. Open for business every business day except Saturdays
2 to 7 p . m .; Saturdays, 2 to 9 p .m .
Deposits commence to draw interest the second W edn esday of January, April, July and
October. Dividends are payable the second Thursday of April and October.
B a l a n c e S h e e t , O c t . 31, 1906.

L iabilities .

A ssets.

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Furniture and fixtures,
D eposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 5 7 ,9 6 8
80 ,2 1 3
3,101
360
4 5 ,9 9 2
3 8 6 ,6 0 0
5 5 ,4 4 5
194
129
810
2 1,537
1,405

33
75
25
00
77
00
83
94
59
20
02
37

$ 6 5 3,759 05

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 6 4 2 ,7 6 4 55
6 ,604 26
2,771 44
1,618 80

$653,759 05

No. 8.]

BANK COMMISSIONER

113

Dorchester Savings Bank — Continued.
C a sh o n D e p o sit in B a n k s , A m o u n t
Mechanics Trust Company, Boston,
W inth rop National Bank, Boston,
L oan
4

E ach : —
.
.
.
.
.
.

in

B a n k St o c k s : —
shares First National Bank, New Bedford, .

.
.

.
.

.
.

$ 11,380 67
10,156 35

on

S

c h e d u l e

o f

Se

c u r it ie s

O

w n e d

.

Par Value.

.

.

.

.

$360 00

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3^- s, .
.
.
.
City of Akron, O ., 5s,
Boston, Mass., 3^s,
.
Chicago, 111., 3^s,
.
Chicago, 111., 4s,
.
New London, Conn., 3~2-s,
Quincy, Mass., 34s,
.
W ilkes-B arre, Pa., 3-|s,
Youngstow n, O ., 5s,
Town of Ludlow, Mass., 34s, .
W e st R utland, V t., 3-|-s,

.
.
.
.

.
.
.

.
.
.

.

.

.

$ 3 ,000
9 ,000
10,000
2 ,500
3 ,000
5,000
4,800
3,000
3,261
2,000
11,000
$56,561

$3 ,0 5 2
9 ,090
9 ,6 0 0
2 ,468
3 ,015
4 ,8 2 5
4 ,6 8 0
2,932
3,326
1,990
10,615

50
00
00
75
00
00
00
50
22
00
00

$ 3,180
9 ,340
10,287
2 ,484
3 ,062
5,075
4 ,932
3 ,090
3 ,5 6 4
1,980
10,972

$55,5 9 4 97

00
45
50
37
00
00
24
00
27
00
50

$ 57,968 33

Railroad Bonds.
Boston & Maine R .R . 3s,
Chicago, Burlington & Quincy R .R . 34s, .
Chicago & Northwestern R .R . 34s, .
Connecticut & Passumpsic Rivers R .R . 4s,
D exter & Piscataquis R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Grafton & U pton R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 34s,
.
.
.
.
Maine Central R .R . 4s, .
N ew Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
.
Portland & Rum ford Falls R .R . 4s,
Portsmouth, Great Falls & Conway R .R . 44s,
W ashington County R .R . 34s,

$3,000
15,000
5,000
1,000
3,000
1,000
3,000
10,000
15,000
4 ,000
10,000
1,000
2,000
2,000
5,000

.

$ 2,448
13,950
4 ,7 7 5
1,035
3 ,067
1,020
2 ,400
8 ,100
13,875
4 ,0 2 0
10,400
1,033
2 ,025
2 ,230
4 ,600

75
00 .
00
00
50
00
00
00
00
00
00
75
00
00
00

$ 2,880
14,497
5 ,068
1,175
3 ,195
1,075
3 ,077
8 ,725
14,945
4 ,168
10,850
1,152
2 ,215
2 ,470
4 ,7 1 8

00
50
75
00
00
00
50*
00
00
75
00
50
00
00
75

$80,000

$ 74,980 00

$80,213 75

$3,000

$ 3,030 00

$3,101 25

Street Railway Bonds.
W est E nd Street R ailw ay Co. 4s,

* A legal investment when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$10,156
11,380
9,671
9 ,8 6 5

Rate.

35
67
97
11

2-| per cent.
3 per cent.
4 .3 5 per ct.
4 § per cent.

R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.

Amount.

$ 20,527
971
3 74,956
15,600

or

.

Rate.

25
50
94
00

cent.
cent.
cent.
cent.

$46,805 83
10,000 00

O t h e r w is e : —
.
.

D ep o sit s a n d W it h d r a w a l s : ■
—
N um ber of deposits during year, .
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4 A per
4f- per
5 per
5J per

Amount.

Rate.

6
7

per cent.
per cent.;]

$194 94

10,011
.

2 87,586 75
’ 5 ,3 6 Ì

.

216,8 1 2 36

114

[Pub. Doc.

REPORT OF THE
Dorchester Savings Bank — Concluded.

D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.
.
.

.
.
.

1,178
550
5 ,625

.
.
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

27 ,9 7 0 59

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent.,
.
D ate

of

$150,060 00
132

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $1,2 7 0 95
$ 1,058 45
Percentage to total assets, .
. 00194
.0 0 1 6 3
for

87

.
.

.
.

Total.
$ 2,329 40
.0 0 3 5 7
$ 8,841 98
9 ,6 2 8 24

.
.

18,470 22

E x a m in a t io n , Ja n u a r y 30.

EAST BOSTON SAVINGS BANK — EAST BOSTON.
G eo r g e T . 'S a m p so n , President.
W il l ia m B . P ig e o n , Treasurer.
W il l ia m B . P ig e o n , Clerk of the Corporation.

Investment Committee:

W il l ia m B . P ig e o n , A . R . H o o p e r , J o h n T h o m p so n ,
F r e d e r ic k P e a s e , J o h n E . L y n c h , G e o r g e M . P o r t e r , R o b er t J. G o v e .

Incorporated April 26, 1848.
also Saturdays, 7 to 9
1 p .m ., Saturdays.

Open for business every business day, 9 a . m . to 2 p .m .;
during June, July, August and September, close at

p . m .;

Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the M onday following the third W ednesday of
January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Taxes paid on m ortgaged proper­
ties,
.
.
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L

.

$ 5 6 0,500
136,175
850.0 0 0
150.000
20 ,4 0 0
15.000
2,3 4 9 ,1 7 8
751.000
8 ,236
10.000

00
00
00
00
00
00
00
00
29
00

ia b il it ie s

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

.

$ 4 ,5 9 2 ,6 8 4 62
225,4 5 2 52
109,385 82
3 8,468 00

10 00
4 ,3 8 4 94
75 80
102,516 71
8 ,5 1 4 22
$ 4 ,9 65,990 96

$4,9 6 5 ,9 9 0 96

No. 8.]

115

BANK COMMISSIONER
East Boston Savings Bank — Continued.

Ca sh o n D e p o sit in B a n k s , A m o u n t
First National Bank, Boston,
First W a rd National Bank, Boston,

E ach : —

in

$ 28,619 03
73,897 68

L o an s

o n B a n k St o c k s , A m o u n t o n E a c h : —
8
shares First W a rd National Bank, Boston,
200 shares W innisim m et National Bank, Chelsea,

S

c h e d u l e

o p

Se

c u r it ie s

O

w n e d

Par Value.

.

$400 00

20,000 00

Estimated
Market Value.

Book Value.

Public Funds.
County of Aroostook, Me., 4Js,
City of Akron, O ., 41s, .
.
.
.
Beverly, Mass., 4s,
.
.
.
Boston, Mass., 4s,
.
.
.
Chicago, 111., 4s,
.
.
.
Cleveland, O., 5s,
D ayton, O., 5s, .
Fall River, Mass., 4s, .
Fall River, Mass., 4- Js, .
.
.
Fall River, Mass., 5s, .
Gloucester, Mass., 4s, .
Grand Rapids, Mich., 41s,
Indianapolis, Ind., 4s,
.
.
Lynn, Mass., 4s,
.
.
.
Manchester, N . H ., 41s,
Milwaukee, W is., 5s,
New Bedford, Mass., 4s,
Newton, Mass., 4s,
Portland, Me., 6s,
.
.
.
Providence, R . I., 4s, .
.
.
Springfield, O., 41s,
.
.
.
Springfield, O., 5s,
W alth am , Mass., 4s,
.
.
.
W oonsocket, R . I., 4s,
Youngstow n, O ., 5s,

.
.
.

.

.
.

.
.
.

$25,000
2 5,000
2 0,000
10,000
25 ,0 0 0
4 ,0 0 0
40 ,0 0 0
4 5,000
15,000
9,000
2,000
13,000
20,000
5,000
2 0,000
4 7,500
2 5,000
10,000
4 2,000
20,000
21,000
17,000
25,000
50,000
25,000
$560,500

$25,8 7 5
2 6,725
20,4 0 0
10,350
25,3 7 5
4 ,0 0 0
4 3 ,2 5 5
4 6 ,3 0 0
15,375
9 ,1 3 5
2 ,0 0 0
13,522
20 ,4 0 0
5 ,125
20 ,9 0 0
49 ,0 9 2
26 ,0 0 0
10,350
4 2 ,4 2 0
20 ,8 0 0
22 ,4 2 0
18,650
2 5,375
5 0,250
28 ,8 7 5

00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00
00
00
00

$ 5 8 2,970 00

$25,0 0 0
25,0 0 0
20,0 0 0
10,000
25 ,0 0 0
4 ,0 0 0
4 0 ,0 0 0
4 5 ,0 0 0
15,000
9 ,0 0 0
2 ,000
13,000
20 ,0 0 0
5 ,000
20 ,0 0 0
47 ,5 0 0
25 ,0 0 0
10,000
4 2 ,0 0 0
20 ,0 0 0
2 1,000
17,000
25 ,0 0 0
50 ,0 0 0
2 5,000

00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00

$560,500 00

Bank Stocks.
100
20
150
150
50
170
50
300
100
113
25

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
Commercial N a t’l Bank, Boston,
First National Bank, Boston, .
First W a rd National Bank, Boston, .
Merchants National Bank, Boston, .
National Bank of Commerce, Boston,
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Tremont National Bank, Boston,

$10,000
2,000
15,000
15,000
5,000
17,000
5,000
30,000
10,000
11,300
875
$121,175

$14,500
2 ,760
44 ,2 5 0
2 6,250
10,500
27,200
8 ,000
8 1,900
2 2,300
16,837
25

00
00
00
00
00
00
00
00
00
00
00

$254,522 00

$10,000
2 ,000
15,000
15,000
5 ,000
17,000
5 ,000
45 ,0 0 0
10,000
11,300
875

00
00
00
00
00
00
00
00
00
00
00

$136,175 00

Railroad Bonds.
Boston & A lban y R .R . 31s,
.
.
.
Boston & A lban y R .R . 4s,
Boston, Clinton & Fitchburg R .R . 5s,
Boston & Maine R .R . 41s,
.
.
.
Chicago, Burlington & Q uincy R .R . 5s,
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 31s,
Cleveland & Pittsburgh R .R . 41s,
Connecticut R iver R .R . 31s, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

$50,000
20,000
75,000
100,000
27,000
18,000
25,000
19,000
2 5,000

Legal investments when made.

$47,5 0 0
2 0,300
7 7,250
114,000
2 8,620
2 0,340
2 3,500
2 1,470
2 4,000

00
00
00
00
00
00
00
00
00

$ 50,000
2 0 ,000
75 ,0 0 0
100,000
2 7,000
18,000
25 ,0 0 0
19,000
2 5,000

00
00
00
00
00
00
00
00
00

116

REPORT OF THE

[Pub. Doc

East Boston Savings Bank — Continued.
S

c h e d u le

o e

Se

c u r it ie s

O

w n e d

Par Value.

.

Railroad Bonds — Concluded.
Fitchburg R .R . 5s,
.
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Housatonic R .R . 5s,
.
.
.
.
Kalam azoo, Allegan & Grand R apids R .R . 5s,
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4-Js,
.
.
.
.
Maine Central R .R . 7s, .
Michigan Central R .R . 5s,
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew England R .R . 5s,
N ew Y ork , New H aven & H artford R .R . 3-|s,
N ew Y ork , New H aven & H artford R .R . 4s,
Northern Maine Seaport R .R . 5s,
O ld Colony R .R . 4s,
.
.
.
.
.
Portland & Ogdensburg R .R . 5s,
Portsm outh, Great Falls & Conway R .R . 4-Js,
St. Johnsbury & Lake Champlain R .R . 5s,

$ 15,000
15,000
25,000
25 ,0 0 0
6 ,000
12,000
40 ,0 0 0
2 5,000
48 ,0 0 0
25 ,0 0 0
2 5,000
110,000
15,000
5 0,000
25 ,0 0 0
5,000
2 5,000

.

.

.

$850,000

Estimated
Market Value.

$15,150
16,275
29,875
29,875
6,030
12,360
46 ,0 0 0
2 9 ,375
5 5 ,440
3 1 ,250
2 2 ,875
111,775
16,800
5 1 ,000
2 5 ,500
5,575
2 9 ,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$911,885 00

Book Value.

$15,000
15,000
25 ,0 0 0
25 ,0 0 0
6 ,000
12,000
40 ,0 0 0
25 ,0 0 0
48 ,0 0 0
25 ,0 0 0
25 ,0 0 0
110,000
15,000
5 0 ,000
25 ,0 0 0
5 ,000
25 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 8 5 0,000 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
Lowell & Suburban Street R ailw ay Co. 5s,
Springfield Street R ailw ay Co. 4s,
W e st E n d Street R ailw ay Co. 4s,

$ 50,000
2 5 ,000
25,000
5 0 ,000
$ 1 5 0,000

$51,500
2 6,000
25,375
50,750

00
00
00
00

$153,625 00

$50,0 0 0
25 ,0 0 0
25 ,0 0 0
5 0 ,000

00
00*
00
00

$150,000 00

* A legal investm ent when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$73,897 68
2 8,619 03
447,5 7 5 00

Rate.

Amount.

Rate.

2 per cent.
2\ per cent.
4J per cent.

$ 1 1 4,500 00
2,3 7 5 ,9 5 3 00
27 ,5 0 0 00

4 f per cent.
5 per cent.
5J per cent.

R e a l E st a t e fo r B a n k in g P u r p o se s
Am ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

:—
.
.
.

Amount.

$61,3 5 0 00
2 5,000 00
83 ,7 0 0 00

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
Total number Oct. 31, 1 9 0


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

.
,

.

5Jj per cent.
5 f per cent.
6 per cent.

$ 10,000 00

.
.
.

20,000 00
20,000 00

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
.
.
Am ount of same,
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.

Rate.

8 ,236 29
2 0,800 00
213 96
19,069

.

9 03,413 00
13,364

.

.

. . .
. .

853,6 1 0 63
1,849
1,226
14,788

BANK COMMISSIONER.

No. 8.]

117

East Boston Savings Bank — Concluded.
S ta t ist ic s o f L o a n s : —
N um ber not exceeding $3,0 0 0 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

.

225,2 0 0 16

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
D ate

of

$ 1 ,3 8 1 ,1 7 8 00

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$12,4 3 5 12
$2 ,0 2 3 26
Percentage to total assets,
.0 0 2 5 0
.0 0 0 4 1
fo r

842
.
1,003

.

.
.

.
.

.
.

Total.
$14,4 5 8 38
.0 0 2 9 1
$82,6 2 8 28
84 ,6 2 0 36

167,248 64

E x a m in a t io n , M a y 4.

EAST BRIDGEW ATER SAVINGS BANK — EAST BRIDGEW ATER.
E d w a r d H o b ar t , President.
C h a r l e s F . M a n n , Treasurer.
C h a r l e s F . M a n n , Clerk o f the Corporation.

Investment Committee:

E d w a r d H o b a r t , R ich a r d W . N u t t e r ,
E l ia b N . W a r d , E zr a S. W h it m a r s h .

Incorporated March 8, 1870.
9 a .m . to 12 m ., 2 to 4

I sa a c

N.

N utter,

Open for business every business day except W ednesdays,
also W ednesdays and Saturdays, 6.3 0 to 8 p .m .

p . m .;

Deposits commence to draw interest the first Tuesday of January, April, July and October.
Dividends are payable the first T uesday of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loan on public funds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
B ank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
T axes paid on m ortgaged prop­
erties, .
.
.
.
.
Deposits in banks, on interest,
Bank building expense and income
account,
.
.
.
.
Cash on hand, .
.
.
.

L iabilities.

$ 2 0 ,0 0 0
26,1 0 0
119,900
10,000
25.0 0 0
15.000
10,500
200
7 88,008
490,6 4 5
10.000

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,

00
00
00
00
00
00
00
00
25
00
00

19,051 79
26,499 35
540 68

2 ,700 00
1,122 10
74 70
6 ,942 46
216 98
1,295 92
$ 1 ,5 2 7 ,7 0 5 41

$ 1 ,5 2 7 ,7 0 5 41

C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
Fourth National Bank, Boston,
.
.
.
.
.
.
Plym outh County Safe Deposit and Trust Company, Brockton,
L o a n o n P u b l ic F u n d s : —
$16,0 0 0 City of Hartford, Conn., 3-Js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1 ,4 19,613 59
62 ,0 0 0 00

.

.

.

.

.

$ 5 ,302 29
1,640 17
$15,0 0 0 00

118

BEPOBT OF THE

[Pub. Doc

East Bridgewater Savings Bank — Continued
Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

Public Funds.
City of Des Moines, la ., 4s,
.
New Britain, Conn., 4s,
Saginaw, M ich., 4s,
Taunton, Mass., 4s,
.

.

.

.

$ 5,000
5 ,000
5,000
5 ,000

.

$20,0 0 0

$ 5,050
5 ,1 1 2
5 ,000
5 ,0 0 0

00
50
00
00

$20,1 6 2 50

$ 5,000
5 ,000
5 ,000
5 ,000

00
00
00*
00

$20,0 0 0 00

B ank Stocks.
12
75
15
24
15
20
50
25
25

shares
shares
shares
shares
shares
shares
shares
shares
shares

First National Bank, Boston,
Fourth National Bank, Boston,
Freemans National Bank, Boston,
State National Bank, Boston, .
State Street Trust Co., Boston,
W ebster & A tlas N a t’l Bank, Boston,
Brockton National Bank, B rock ton ,.
H om e National Bank, Brockton,
Plym outh County Safe Deposit and
Trust Company, Brockton, .

$1 ,2 0 0
7 ,500
1,500
2,400
1,500
2 ,000
5,000
2,500

$3 ,5 4 0
11,025
1,725
3,576
3 ,750
2 ,9 6 0
6 ,250
4 ,5 0 0

00
00
00
00
00
00
00
00

$ 1,200
7 ,500
1,500
2 ,4 0 0
1,500
2 ,000
5 ,000
2 ,500

00
00
00
00
00
00
00
00

2 ,500

2 ,7 5 0 00

2 ,5 0 0 00

$26,1 0 0

$40,0 7 6 00

$26,1 0 0 00

Railroad Bonds.
Boston & Maine R .R . 3-J-s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-Js, .
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3-Js,
.
.
.
.
New port & Richford R .R . 5s, .
N ew Y ork, New H aven & H artford R .R . 3J,s,
N ew York, New H a ven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Penobscot & Shore Line R .R . 4s,
U pper Coos R .R . 4s,
.
.
.
.

$ 5,000
2 5,000
5,000
6 ,000
15,000
5,000
10,000
2 0,000
15,000
10,000
5 ,000

.

$ 4,787
2 3,125
5 ,100
6 ,225
13,875
5 ,175
9 ,2 0 0
20 ,4 5 0
15,493
10,150
5 ,0 0 0

50
00
00
00
00
00
00
00
75
00
00

$ 5,000
24 ,4 5 0
5 ,0 0 0
6,000
15,000
5,000
9 ,450
2 0 ,000
15,000
10,000
5 ,000

00
00
00
00
00
00*
00
00
00
00
00

$ 1 2 1,000

$118,581 25

$119,900 0 0

$10,000

$10,1 0 0 00

$ 10,000 00

$25,000

$26,000 00

$25,0 0 0 00

Street Railway Bonds.
W e s t E n d Street R ailw ay Co. 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Company 3Js,

* Legal investments when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 1 ,640
5 ,302
5 6 ,500
3 8 ,000

Rate.

17
29
00
00

2 per
2 -y per
per
4 f per

cent.
cent.
cent.
cent.

Amount.

$ 8 0 7,616
40 .0 0 0
115,000
20.0 0 0

Rate.

00
00
00
00

R e a l E s t a t e f o e B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

5

Amount.

$15,000
177,237
10,000
2 5 ,0 0 0

per cent.
per cent.

5% per cent.
5| per cent.

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

Rate.

00
25
00
00

5f6
6-J6^

per
per
per
per

cent.
cent.
cent.
cent.

$ 10,000 00
10,000 00
8 ,500 00

No. 8.]

BANK COMMISSIONER.

119

East Bridgewater Savings Bank — Concluded.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.

.

.
.

.

.
.
.

.

.
.

.

.
.

.

.
.
.

.

.

.
.

.

.

.

.

.

.

.

.

S ta t ist ic s of L o a n s : —
N um ber not exceeding $ 3,000 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Numbers of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n se s

d u r in g

Y

ear,

.

.

.

.

.

281,742 25
321

.

.

6 9,954 34

fo r

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
of

146,653 90

250
.
.

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $2,691 00
$644 90
Percentage to total assets, .
.0 0 1 7 6
.0 0 0 4 2

D ate

$ 2 2 7,332 47

350
150
3 ,114

.

.

2,219
.
1,747
.

.
.

.
.

.
.

Total.
$3,335 90
.0 0 2 1 8
$24,874 46
26,258 78

51,133 24

E x a m in a t io n , M ar ch 8.

EAST CAMBRIDGE SAVINGS BANK — EAST CAMBRIDGE.
G u s t a v u s G o e p p e r , President.
W il l ia m E . L l o y d , Treasurer.
W il l ia m E . L l o y d , Clerk of the Corporation.

Investment C om m ittee:

A l v in F . S o r t w e l l , D a v id P r o u d fo o t , W
G u s t a v u s G o e p p er , Ch a r l e s W . D a il e y .

il l ia m

G oepper,

Incorporated April 29, 1854. Open for business every business day except Saturdays,
9 a . m . to 1 p . m .; Saturdays, 9 a .m . to 12 m .
Deposits commence to draw interest the fifteenth day of January, April, July and
October. Dividends are payable the fifteenth day of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds,
Street railway bonds,
Loan on public funds,
Loans on bank stocks,
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Liabilities.

$71,0 0 0
82 ,1 5 0
4 1 6 ,2 9 2
4 0 ,0 0 0
2 5 .000
25 ,2 5 0
105,000
5 3.000
2,307,731
1 ,421,900
14,7793 0,176

00
00
36
00
00
00
00
00
52
00
99
36

1
32
2 2,913
8 ,179

00
83
38
34

$ 4 ,6 2 3 ,4 0 6 78

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .

$4,2 7 5 ,5 1 4 43
216,471 06
130,037 01
1,384 28

$4,6 2 3 ,4 0 6 78

120

[Pub. Doc

REPORT OF THE
East Cambridge Savings Bank — Continued.

C a sh o n D e p o sit i n B a n k s , A m o u n t i n E ach : —
City Trust Company, Boston,
.
.
.
.
Cambridge Trust Company, Cambridge,
.
.
Lechmere National Bank, E ast Cambridge,
.
.

.

$ 5,238 19
4 ,987 65
12,687 54

.
.
.

.
.

L o a n o n P u b l ic F u n d s : —
$25,000 City of Boston, Mass., 4 s ,.
L oans

$25,0 0 0 00

B a n k St o c k s , A m o u n t o n E a c h : —
shares Second National Bank, Boston,
.
.
shares Arlington National Bank, Lawrence,
shares Charles R iver National Bank, Cambridge,
shares Lechmere National Bank, Cambridge,
shares City National Bank, Gloucester,
.
.

on

2
100
25
25
100

.

.

.

.

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$ 20,000 New Y ork, New H aven & H artford R .R . 3Js,
7 .000 Boston & Maine R .R . 4s, .
.
.
.
.
9 .0 0 0 Boston & Maine R .R . 4s, .
.
.
.
.
90 ,0 0 0
New England R .R . 4s, .
.
.
.
.

$250
10,000
2,500
2,500
10,000
$20,000
5,000
5,000
7 5,000

.
.

00*
00
00
00
00
00
00
00
00

* This loan, in excess of the legal limit, has since been paid.

Schedule or Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
City of Fall River, Mass., 3 ^ s ,.
Grand Rapids, Mich., 4-J-s,
Lynn, Mass., 4s,
Tow n of Uxbridge, Mass., 4s, .
W ebster, Mass., 4s, .
W ellesley, Mass., 4s, .

$20,000
10,000
10,000
15,000
10,000
6 ,000

$ 19,700
10,250
10,325
15,356
10,325
6,090

00
00
00
25
00
00

$71,000

$ 72,046 25

$ 20,000
10,000
10,000
15,000
10,000
6,000

00
00
00
00
00
00

$ 71,000 00

Bank Stocks.
50
30
12
20
5
50
16
50
90
67
58
16
54
20
8
38
49
24
106
26
33
11
35
30
13
20

shares Commercial N a t’l Bank, Boston,
shares Continental National Bank, B o sto n ,.
shares Eliot National Bank, Boston, .
shares Faneuil H all N a t’l Bank, Boston,
shares First National Bank, Boston, .
shares First W a rd National Bank, Boston, .
shares Fourth National Bank, Boston,
shares Merchants National Bank, Boston, .
shares Metropolitan N a t’l Bank, Boston,
shares National Bank of Commerce, Boston,
shares N a t’l B ank of the Republic, B o sto n ,.
shares National Exchange Bank, Boston,
shares National Union Bank, Boston,
shares New England N a t’l Bank, Boston, .
shares State National Bank, Boston, .
shares Tremont National Bank, Boston,
shares W ebster & A tlas N a t’l Bank, Boston,
shares Charles R iver N ’l Bank, Cam bridge,.
shares Lechmere N a t’l Bank, Cambridge, .
shares National City Bank, Cambridge,
shares Concord National Bank, Concord,
shares Fall R iver N a t’l Bank, Fall River, .
shares First National Bank, Marlborough, .
shares Merchants N ’l Bank, New buryport, .
shares New ton National Bank, Newton,
shares Middlesex Co. N ’l B ’k, W inchester, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
-

1,200
2,000
500
5 ,000
1,600
5,000
9 ,000
6,700
5 ,800
1,600
5,400
2,000
800
1,330
4 ,900
2,400
10,600
2,600
3,300
1,100
3,500
600
1,300
2,000
$85,230

$ 6,900
150
2,400
2,900
1,475
8 ,750
2 ,352
10,500
10,710
10,720
9,570
2 ,560
9 ,720
2,800
1,192
38
7,252
4 ,800
18,020
2,990
4 ,950
1,452
4 ,375
690
1,170
2 ,040

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$130,476 00

$5,000 00
1,200
2 ,000
500
4 ,000
1,600
5,000
9 ,000
6,700
5,800
1,600
5,400
2 ,000
800

00
00
00
00
00
00
00
00
00
00
00
00
00

4 ,9 0 0
2 ,400
10,600
2,600
3 ,300
1,100
2 ,850
600
1,300
1,900

00
00
00
00
00
00
00
00
00
00

$82,1 5 0 00

121

BANK COMMISSIONER

No. 8.]

East Cambridge Savings Bank — Continued.
Estimated
Market Value.

Par Value.

Schedule of Securities Owned.

Book Value.

Railroad Bonds.
Boston & A lb an y R .R . 3-J-s,
.
.
.
.
Boston & A lb an y R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3-J-s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 7s,
Connecticut & Passumpsic Rivers R .R . 4s,
Connecticut R iver R .R . 3^s, .
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3|s,
.
.
.
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 7s, .
N ew Y ork Central & Hudson R iver R .R . 3Js, .
N ew Y ork, New H aven & H artford R .R . 4s,
Northern Maine Seaport R .R . 5s,
O ld Colony R .R . 4s,
.
.
.
.
.
Portsmouth, Great Falls & Conway R .R . 4J,s, .
R om e, W atertow n & Ogdensburg R .R . 5s,

$14,175
25,250
24,000
27,750
3 9,975
31,000
15,525
2 4,000
10,105
2 ,020
23,000
2,005
11,600
23,500
3 0,900
83,625
3 0,750
2,220
11,300

$15,000
25,000
25,000
30,000
39,000
25,000
15,000
25,000
10,000
2,000
25,000
2 ,000
10,000
2 5,000
30,000
75,000
30,000
2,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$15,000
2 5,000
2 5,000
27,825
39,0 0 0
25,0 0 0
15,000
25,0 0 0
10,000
2 ,0 0 0
2 3,842
2 ,000
10,000
2 4,625
30 ,0 0 0
7 5,000
30 ,0 0 0
2 ,0 0 0
10,000

00
00
00
00
00
00
00
00
00
00
36
00
00
00
00
00
00
00
00

$420,000

$432,700 00

$ 4 1 6,292 36

$40,000

$40,575 00

$40,0 0 0 00

Street Railway Bonds.
W e s t E nd Street R ailw ay Co. 4s,

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$22,913
75.000
30 .0 0 0
2 8.000
95 ,0 0 0

Rate.

38
00
00
00
00

2J per
4 per
4-J per
4 § per
4J per

Amount.

cent.
cent.
cent.
cent.
cent.

$50,000
314.000
131.000
2,766 ,4 9 7
105.000

00
00
00
74
00

4f
4f
4-J5
5J

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
E stim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.

.
.

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

.
6

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

$127,303 98
6 0,000 00
156,079 80

5-2' per cent.
5 f per cent.
6 per cent.

$30,176 36
40 ,0 0 0 00
37 ,0 0 0 00

.

.

15,737

.
.

.

8 2 1 ,5 7 2 76
!

.

.
,

ear,

14,779 99
2 4,400 00

.

.
.

’ 9,833
7 0 5 ,0 9 5 32

.
.
.

.

.

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
.
A m ou n t of same,
.
N um ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

Rate.

.
.

O t h e r w is e : —
.
.
.
.
.
.
.

D e po sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ou n t of same,
.
.
.
.
D e p o s it A c c o u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal num ber Oct. 31, 1 9 0

Amount.

Rate.

1,898
1,265
11,492
792
1 ,2 3 2,109 07
’ 1,000
2 0 5 ,8 8 4 47

122

REPORT OF THE

[Pub. Doc.

East Cambridge Savings Bank — Concluded.
T o ta l E x p e n s e s

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 10,093 85
$762 55
Percentage to total assets,
.0 0 2 1 8
.0 0 0 1 6
fo r

Y

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

of

.
.

.
.

Total.
$10,8 5 6 40
.0 0 2 3 4

.

$ 77,208 03
80 ,0 7 8 86

.

$ 1 5 7,286 89

E x a m in a t io n , M ar ch 5.

EASTHAMPTON SAVINGS BANK — EASTHAMPTON.
J oseph W . W

President.
C h a r l e s H . J o h n s o n , Treasurer.
F r e d e r ic k E . J u d d , Clerk of the Corporation.

il s o n ,

Investment Committee: F r a n k P. N e w k i r k , G eo r g e L . M a n c h e s t e r , Jo se p h W . W

il s o n .

Incorporated Feb. 10, 1869. Open for business every business day except Saturdays,
9 a . m . to 3 p .m . ; Saturdays, 9 a . m . to 12 m ., 7 to 8 p . m .
Deposits commence to draw interest the fourth Tuesday of January, April, July and
October. Dividends are payable the fourth Tuesday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.
Assets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Stocks, bonds, etc., taken to secure indebtedness, .
Expense account,
Furniture and fixtures,
Taxes paid on m ortgaged properties, .
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

Liabilities.

$24,930
93 ,8 3 4
114,200
3 0,500
10,430
300
11,467
300
698,059
155,575
5,441

00
50
00
00
00
00
00
00
40
36
99

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .

$1,2 0 6 ,9 4 7 73
50 ,6 0 0 00
10,423 20
4,331 45

7 1,154 29
946 95
2 ,2 0 0 00
164 90
5 1,154 56
1,643 43
$1,2 7 2 ,3 0 2 38

$1,2 7 2 ,3 0 2 38

Ca sh o n D e p o sit in B a n k s , A m o u n t i n E ach : —
First National Bank, Adam s,
.
.
.
.
.
Conway National Bank, Conway, .
.
.
.
.
First National Bank, Eastham pton,
.
.
.
.
Pynchon National Bank, Springfield (in liquidation),
Springfield National Bank, Springfield, .
.
.
.
W are National Bank, W a r e ,.
.
.
.
.
.
L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
2 shares First National Bank, Eastham pton, .
5 shares First National Bank, Eastham pton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.
.
.
.

.
.

$5 ,0 0 0 00
5 ,0 0 0 00
20 ,9 5 2 94
201 62
10,000 00
10,000 00

.
.

.
.

$100 00
200 00

.

.
.
.
.

.

No. 8.]

BANK COMMISSIONER

123

Easthampton Savings Bank — Continued.
Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3s, .
City of Chicago, 111., 4s,
.
D ayton, 0 ., 4s, .
D ayton, 0 ., 5s, .
Dubuque, la ., 5s,
New Britain, Conn., 4s,
Rockford, 111., 4^s,
Tow n of W are, Mass., 4s,
W inchester, Mass., 3Js,

.

.

$1,000
6,000
3,000
2,000
3,500
3 ,000
3,000
1,250
2 ,500

.

$ 25,250

$950
6,067
3 ,000
2,115
3 ,590
3,105
3,007
1,256
2 ,500

00
50
00
00
00
00
50
00
00

$25,591 00

$930
6 ,000
3 ,000
2 ,0 0 0
3 ,500
3 ,000
3 ,0 0 0
1,000
2 ,500

00
00
00
00
00
00
00
00
00

$24,9 3 0 00

B ank Stocks.
66
19
100
10
20
60
60
122
100
100
59
163
50

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

First National Bank, Adam s, .
State National Bank, Boston, .
First National Bank, Eastham pton,
Monson National Bank, Monson,
Hampshire Co. N ’l B ’ k, Northam pton,
Pittsfield National Bank, Pittsfield, .
Agaw am National Bank, Springfield,
Chapin National Bank, Springfield, .
Chicopee National Bank, Springfield,
First National Bank, Springfield,
John Hancock N a t’l B ’k, Springfield,
Springfield National B ’k, Springfield,
First National Bank, W estfield,

$ 6,600
1,900
10,000
1,000
2,000
6,000
900
12,200
10,000
_
_

16,300
5,000
$71,900

$7,590
2,831
10,000
1,200
2 ,100
9 ,720
300
14,640
15,000
2,500
590
33,415
6,750

00
00
00
00
00
00
00
00
00
00
00
00
00

$106,636 00

$8,2 5 0
2 ,3 7 2
10,000
1,200
2 ,000
9 ,600
14,008
16,500
2 ,6 2 2
1,100
19,682
6 ,500

00
50
00
00
00
00

_

00
00
00
00
00
00

$93,8 3 4 50

Railroad Bonds.
Boston & Maine R .R . 3£s,
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 3^s,
N ew York, New H aven & Hartford R .R . 3^s,
New York, New H aven & Hartford R .R . 4s,
Princeton & Northwestern R .R . 3Js,

.

$10,000
25,000
15,000
4 ,000
5,000
14,000
2 0,000
10,000
10,000
6,000
$119,000

$9,600
2 3,250
15,225
4 ,120
5,100
11,340
18,650
9,250
10,150
5,700

00
00
00
00
00
00
00
00
00
00

$112,385 00

$10,000
24 ,0 0 0
15,000
4 ,0 0 0
5 ,000
11,800
19,000
9 ,700
10,000
5 ,700

00
00
00
00
00
00
00
00
00
00

$114,200 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
H olyoke Street R ailw ay Co. 5s,
Hoosac Valley Street Railw ay Co. 5s,
Lowell & Suburban Street R ailw ay Co. 5s,
Naum keag Street R ailw ay Co. 5s,
Springfield Street Railw ay Co. 4s,

$5,000
3,500
4 ,000
6,000
7,000
5,000

$5,150
3,797
4 ,340
6,180
7,210
5,075

00
50
00
00
00
00

$ 5 ,000
3 ,500
4 ,0 0 0
6 ,000
7 ,000
5 ,000

00
00
00
00*
00*
00

$30,500

$31,752 50

$ 30,500 00

$10,000

$10,400 00

$10,430 00

Boston Term inal Company Bonds.
Boston Terminal Company 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal investments when made.

[Pub. Doc.

REPORT OF THE

124

Easthampton Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

Amount.

$ 30,952 84
25,967 00
500 00

3 per cent.
3Jj per cent.
4 per cent.

Rate.

$ 8,375 00
55 ,0 0 0 00
616,767 29

R e a l E sta t e b y F o r e c lo su r e
Am ount invested,
.
.
Assessed value, .
.
.

or

.
.

.
.

.
.

.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g

Y

of

3 ,962
2 1 9 ,8 1 6 07

.

194,619 43

.
.
.

.
.

534
388
3 ,340
451
4 8 5 ,5 1 6 76
445
56,751 89

ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

$ 5,441 99
10,485 00

2 ,2 2 6

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $2 ,8 6 6 63
$ 1,043 09
Percentage to total assets, .
. 002 2 5
.0 0 0 8 2
for

5 f per cent.
5^- per cent.
6 per cent.

.

S t a t ist ic s op L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

$39,050 00
55 ,2 7 5 00
8 4,969 19

O t h e r w is e : —
.
.
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

4)- per cent.
4 f per cent.
5 per cent.

Rate.

Amount.

E x a m in a t io n , S e p t e m b e r 13

.
.
and

.
.

.
.

Total.
$ 3 ,909 72
.0 0 3 0 7
$19,369 18
19,441 74

38 ,8 1 0 92

14.

EAST W EYM OUTH SAVINGS BANK — EAST W EYMOUTH.
N a t h a n D . C a n t e r b u r y , President.
J o h n A . R a y m o n d , Treasurer.
Jo h n A . R a y m o n d , Clerk of the Corporation.

Investment Committee: N a t h a n D . C a n t e r b u r y , E d m u n d G. B a t e s , T . H . E m e r s o n ,
J o h n W . B a t e s , J o se p h A . C u s h in g , Ch a r l e s B . C u s h in g .
Incorporated Feb. 20, 1872. Open for business every business day, 9 a . m . to 12 m .,
2 to 5 p . m ., except Saturdays, during June, July, August and September, 9 a . m . to 12 m .
Deposits commence to draw interest the tenth day of January, April, July and October.
Dividends are payable the tenth day of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER

125

East Weymouth Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on bank stocks,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Bank building and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 4 2 ,0 0 0
12,578
69 .0 0 0
15.000
4 00
300
8 9 1 ,8 4 4
401,4 0 0
4 5 ,1 2 6
27,2 2 5
1 6,445
3,151

.

00
50
00
00
00
00
16
00
70
17
74
61

Deposits,
G uaranty fund,
Profit and loss ac­
count,

$ 1 ,5 24,471 88

Ca sh o n D e p o sit in B a n k s , A m o u n t
Eliot National Bank, Boston,
First National Bank, Boston,

$ 1 ,4 31,819 39
6 9,487 00
2 3,165 49

$ 1,524,471 88

E ac h : —

in

$10,9 5 7 12
5,488 62

L o a n o n B a n k S to cks : —
5 shares Cape Cod National Bank, Harwich,

.

$400 00

Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
City of Brockton, Mass., 4s,
.
.
Cleveland, O., 5s,
.
.
Fort W ayn e, Ind., 4-Js,
Portland, Me., 6s,
.
.
Tow n of South Abington, Mass., 4s,
Turners Falls, Mass., 4s,
W eym o u th , Mass., 4s,

.

.

.
.

$10,000
3 ,0 0 0
5,000
3,000
5,000
5,000
11,000

$10,050
3 ,0 0 0
5 ,175
3 ,045
5 ,050
5 ,025
11,123

00
00
00
00
00
00
75

$42,000

$ 42,468 75

$10,000
3 ,0 0 0
5,000
3 ,000
5 ,000
5 ,000
11,000

00
00*
00
00
00
00
00

$42,000 00

Bank Stocks.
26
20
25
20
25
3
105

shares
shares
shares
shares
shares
shares
shares

Freemans National Bank, Boston,
Metropolitan National Bank, Boston,
N a t’l B ank of Commerce, Boston,
State National Bank, Boston, .
Dedham National Bank, Dedham,
Salem National Bank, Salem, .
Union National Bank, W eym o u th , .

$2,600
2,000
2,500
2,000
2,500
300
1,050

$ 2,990
2 ,380
4 ,0 0 0
2 ,980
2 ,750
240
525

00
00
00
00
00
00
00

$2,4 5 0
1,862
2 ,500
2 ,000
2 ,5 0 0
300
966

00
50
00
00
00
00
00

$12,950

$15,8 6 5 00

$ 12,578 50

$14,000
20,000
5,000
20,000
10,000

$14,420
20 ,5 0 0
5 ,0 0 0
20 ,8 0 0
10,750

$14,000
20 ,0 0 0
5 ,000
2 0,000
10,000

$69,000

$71,4 7 0 00

$69,0 0 0 00

$15,000

$16,2 0 0 00

$15,0 0 0 0 0 *

Railroad Bonds.
Boston, Clinton, Fitchburg and New Bedford
R .R . 5s,
.
.
.
.
.
.
Chicago, Burlington & Quincy R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 4s,
New Y ork, New H aven & Hartford R .R . 4s,
U pper Coos R .R . 4Js,
.
.
.
.
.

00
00
00
00
00

00
00
00
00
00

Street Railway Bonds.
Lynn & Boston Railroad Company 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal investments when made.

126

REPORT OF THE

[Pub. Doc.

East Weymouth Savings Bank— Concluded.
Total Am ount of Loans at Specified Rates of Interest.
Amount.

$10,957
5,488
4 ,5 0 0
575,584

Rate.

12
62
00
51

2
2.j
4-|
5

per
per
per
per

Amount.

cent.
cent.
cent.
cent.

Rate.

$25,000
104,810
210,000
346,057

00
00
00
84

5J
5|
5f
6

R e a l E st a t e f o b B a n k in g P u r po ses
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

.
.
.
.

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$ 22,640 00
5,051 81
300 00

.
.
.
.

Rate.

61r per cent.
7 per cent.
8 per cent.

$27,2 2 5
2 7 ,2 2 5
20 ,3 0 0
749

R e a l E st a t e b y F o r ec lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A c counts : —
Num ber opened during year,
N um ber closed during year,
T otal number O ct 31, 1906,

.
.
.

.

.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

218,1 6 8 78

.
.

.
.
.

203,8 5 0 41
.
.

.

of

412
306
3,277
462
625,823 66
523

Y ear,

75,441 90

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

2,596

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $ 2 ,2 2 6 00
$1,613 43
Percentage to total assets, .
. 00146
.0 0 1 0 5
fo r

45,126 70
53 ,5 9 0 00
1,631 55

2 ,2 8 4
.

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

17
17
00
10

.
.

.
.

.
.

Total.
$3,839 43
.00251
$26,5 5 5 92
27,143 60

53,699 52

E x a m in a t io n , A u g u s t 31.

ELIOT FIVE CENTS SAVINGS BANK — BOSTON.
J o h n Ca r r , President.
F r a n k E . G r a n g e r , Treasurer.
J o h n F . N e w t o n , Clerk of the Corporation.

Investment Committee: J o h n Ca r r , G r e e n l e a f C. G e o r g e , S a m u e l B . H o p k in s ,
W

il l ia m

S. L e l a n d , G eo r g e E . B u l l a r d , T h o m as S. L o c k w o o d .

Incorporated Feb. 4,

1864. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a .m . to 12 m .

Deposits commence to draw interest the second W ednesday of January, April, July and
October. Dividends are payable the Thursday following the second W ed nesd ay of
April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK COMMISSIONER

No. 8.]

127

Eliot Five Cents Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

$54 0 ,0 0 0
20 ,1 0 0
1 ,281,356
147,000
1,400
50 ,0 0 0
2,449,821
1,954,500
31 ,8 9 8
1,186
85 ,2 8 2
5 ,000
3 52

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Short and surplus account, .

00
00
25
00
00
00
34
00
07
91
02
00
76

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
R eal
estate
in­
come account, .
T a x account,

$6,5 6 7 ,8 9 7 35

C a sh o n D e p o sit in B a n k s , A m o u n t
First National Bank, Boston,
Peoples National Bank, Boston, .
L oans
10
6

$ 6 ,2 7 5 ,0 6 2 39
2 3 5 ,8 1 7 77
4 5 ,6 6 8 70
1,744 84
303 65
9 ,3 0 0 00

$ 6 ,5 6 7 ,8 9 7 35

E ach : —

in

$ 27,435 42
62 ,8 4 6 60

B a n k S t o c k s , A m o u n t o n E ac h : —
shares National Exchange Bank, Boston,
shares Peoples National Bank, Boston,

on

S c h e d u l e o f S e c u r it ie s O w n e d .

$1,000 00

.

4 00 00

Par Value.

Estimated
Market Value.

$100,000
2 5 ,000
125,000
25 ,0 0 0
2 5 ,000
2 5 ,000
2 6 ,000
25,000
20,000
9,000
28,000
39,000
13,000
5,000
25,000
25,000

$ 9 4 ,0 5 0
2 5,187
120,375
25 ,2 5 0
2 5,750
24 ,1 2 5
25 ,2 8 5
25 ,3 7 5
20 ,2 0 0
9 ,135
27 ,0 2 0
3 7,635
12,577
4 ,9 8 7
2 4,125
2 5,875

Book Value.

Public Funds.
Massachusetts 3s, .
Massachusetts 3-^-s,.
.
.
.
City of Boston, Mass., 3^s,
.
.
Cambridge, Mass., 4s, .
.
D ayton, O ., 4s, .
Fall River, Mass., 3^s , . . .
Gloucester, Mass., 3-§s,
Haverhill, Mass., 4s,
.
.
Holyoke, Mass., 4s,
Marlborough, M ass., 4s,
New Bedford, Mass., 3^s,
Newburyport, Mass., 3^s,
Newton, Mass., 3^s,
.
.
Salem, Mass., 3Js,
.
.
W alth am , Mass., 3^s, .
.
W illim antic, Conn., 4s,

.
.
.

.
.
.

.

.

.
.
.

.
.
.

00
50
00
00
00
00
00
00
00
00
00
00
50
50
00
00

$1 0 0 ,0 0 0
25 ,0 0 0
125,000
2 5 ,0 0 0
25 ,0 0 0
25 ,0 0 0
26 ,0 0 0
25 ,0 0 0
2 0,000
9 ,0 0 0
28 ,0 0 0
39 ,0 0 0
13,000
5 ,000
2 5,000
2 5 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$540,000

$ 5 2 6,952 50

$ 5 4 0,000 00

$3,000
17,100

$ 6,300 00
22 ,5 7 2 00

$3 ,0 0 0 00
17,100 00

$20,100

$28,872 00

$20,100 00

$50,000

$50,5 0 0 00

$50,0 0 0 00

Bank Stocks.
30 shares Merchants National Bank, Boston,
171 shares Peoples National Bank, Boston,

.

Railroad Bonds.
Boston & A lban y R .R . 4s,
.
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5 s , ........................................................................
Boston & Lowell R .R . 3^s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3^s,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

11,000
50,000
50,000
100,000

11,330
48 ,2 5 0
5 0 ,250
96 ,0 0 0

00
00
00
00

11,000
5 0 ,000
5 0 ,000
9 9,156

00
00
00
25

128

REPORT OF THE

[Pub. Doc,

Eliot Five Cents Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Railroad Bonds — Concluded.
Boston & Maine R .R . 4s,
.
.
.
.
Boston & Providence R .R . 4 s ,.
Chicago, Burlington & Quincy R .R . 3-|s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Concord & Montreal R .R . 4s, .
Connecticut & Passumpsic Rivers R .R . 4s,
Connecticut R iver R .R . 4s,
Erie & Pittsburgh R .R . 3vrS, .
.
.
.
Fitchburg R .R . 3-^-s,
.
.
.
.
.
Fitchburg R .R . 4s,
Illinois Central R .R . 3s, .
Illinois Central R .R . 3-Js,
.
.
.
.
Maine Central R .R . 4 Is,
.
.
.
.
Michigan Central R .R ”. 3??s,
.
.
.
.
Newport & Richford R .R . 5s, .
.
.
.
New Y ork Central & Hudson River R .R . 34s, .
New Y o rk & New England R .R . (terminal) 4s, .
New Y ork, New H aven & H artford R .R . 3-Js, .
New Y ork, New H aven & Hartford R .R . 4s,
Northern Maine Seaport 5s,
.
.
.
.
Old Colony R .R . 4s,
.
.
.
.
Peoria & Northwestern R .R . 3^s,
W ashington County R .R . 3-J-s,
W orcester, Nashua & Rochester R .R . 4s, .

$25,000
2 5,000
1 0 0 ,0 0 0

25 ,0 0 0
2 1 ,0 0 0

50,000
25,000
25,000
2 5,000
2 5,000
25,000
25,000
1 0 0 ,0 0 0

50,000
25,000
2 2 ,0 0 0

75,000
75,000
3 0,000
53,000
25,000
115,000
25,000
2 5,000
15,000
$ 1 ,2 92,000

Estimated
Market Value.

$25,750
25,375
9 2,500
25,625
21,420
50,750
25,875
25,875
23,750
23,875
25,375
19,750
9 2,000
51,500
23,500
22,660
70,500
79,500
27,300
54,130
27,875
118,400
23,500
22,500
15,075

00
00
00
00

Book Value.

$ 25,000
2 5,000
96 ,1 2 5
2 5,000

00
00
00
00

00

2 1 ,0 0 0

00

00

00

5 0,000
2 4,937
25 ,0 0 0
25 ,0 0 0
2 5,000
2 5,000
22 ,5 0 0

00
50
00
00
00
00
00

00

1 0 0 ,0 0 0

00

00
00
00
00
00

00
00

5 0,000 00
2 4,750 00

00

2 2 ,0 0 0

00
00
00
00
00
00
00

7 4,500
7 5,000
2 9,325
5 3,000
25 ,0 0 0
115,000
24 ,3 1 2
2 3,750
15,000

00

00

00*

00
00
00
00
00
00
50
00

00

$ 1 ,2 7 0 ,6 9 0 00 $ 1 ,2 8 1 ,3 5 6 25

Street Railway Bonds.
Boston Consolidated Street R ailw ay Company 5s,
Boston Elevated R ailw ay Company 4s,
W e s t E nd Street R ailw ay Com pany 4s,
W est E nd Street R ailw ay Com pany 4-^s, .

$ 2 0 ,0 0 0

57,000
60,000
1 0 ,0 0 0

$147,000

00
5 8,425 00
6 1,200 0 0
10,350 00

$ 2 0 ,0 0 0

$149,975

00

$ 2 0 ,0 0 0

00

57,000 00
6 0,000 00
1 0 ,0 0 0

00

$147,000 00

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$57,846
27,435
5 8,000
5 ,000
522,4 0 0

Rate.

60
42
00
00
00

2
2-J3iy
3f
4

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

Amount.

$145,5 0 0
5 0,000
1 ,551,130
560,000
1,043,691

Rate.

00
00
00
00
34

4-J
4|
4ij
4f
5

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

• Amount.

$51,4 0 0
2 01.300
25 .0 0 0
2 17.300
2 5.000

Rate.

00
00
00
00
00

R e a l E sta t e b y F o r e c lo su r e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

5J
5f
6
6-j

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

$31,8 9 8 07
3 6,900 00
794 3 2
20,415

.

1,1 9 6 ,4 8 4 64
15,065

.

1,077 ,8 1 4 44

No. 8.]

BANK COMMISSIONER

129

Eliot Five Cents Savings Bank — Concluded.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.
.
.

.
.
.

.
.
.

2,261
1,682
17,651

S ta t ist ic s of L o a n s : —N um ber not exceeding $3,000 each,
.
.
.
.
.
.
A m ount of same,
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

287
$511,521 34
505

ear,

264,0 3 2 94

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$ 10,890 00
$ 6,279 70
Percentage to total assets, .
.0 0 1 6 6
.0 0 0 9 5
for

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent.,
.
D ate

of

E x a m in a t io n , J u n e 19

and

.

.

.

Total.
$17,169 70
.0 0 2 6 1
$100,009 77
102,744 00

.

202,7 5 3 77

20.

ESSEX SAVINGS BANK — LAW RENCE.
W

alter

E . P a r k e r , President.
A l b e r t I. C o u c h , Treasurer.
A l b e r t I . C o u c h , Clerk of the Corporation.

Investment Committee:

J o seph S h a t t u c k , H e n r y K . W
J u s t in E . V a r n e y .

Incorporated March 15, 1847.

ebster,

W

alter

Open for business every business day, 9
also Saturdays, 2 to 4 p . m .

E . Parker,

a .m .

to 1

p . m .;

Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesday of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks.
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Bank building and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

Liabilities.

$ 1 ,2 06,400
137,700
1 ,530,000
150.000
6 ,100
100.000
150,000
5 ,4 4 3 ,6 2 5
2,176 ,5 5 0
3 0,000
75,462
2 8,453

00
00
00
00
00
00
00
00
00
00
05
39

Deposits,
$ 1 0 ,082,988
Guaranty fund, .
5 0 5 .0 0 0
Profit and loss ac­
355.0 0 0
count,
Interest account, .
9 1 ,302

$11,034,290 44

C a sh o n D e p o s it i n B a n k s , A m o u n t in
First National Bank, Boston,
.
W inthrop National Bank, Boston,
B a y State National Bank, Lawrence,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

E ach : —
.
.
.
.
.
.
.
.
.

41
00
00
03

$11,034,290 44

.
.

.
.

.

.
.

.

.

$46,051 00
19,411 05
10,000 00

[Pub. Doc

REPORT OF THE

130

Essex Savings Bank — Continued.
L o an s
35
6
10
20

B a n k S t o c k s , A m o u n t o n E ach : —
shares Merchants National Bank, Lawrence,
shares Andover National Bank, Andover,
shares Pacific National Bank, Lawrence, .
shares Merchants National Bank, Lawrence,
on

L o a n o n R a il r o a d S t o c k s : —
1,000
shares Boston & Maine R .R .,

.

.

]

600 00

2,000 00
.

$ 100,000 00

.

Par Value,

S c h e d u l e o f Se c u r i t i e s O w n e d .

$3,500 00

Estimated
Market Value.

Book Value.

P ublic Funds.
Massachusetts 31s , .
.
.
.
City of Boston, Mass., 3^s,
.
.
Brockton, Mass., 4s,
.
.
Chicago, 111., 4s,
Fall River, Mass., 3 Js, .
.
Holyoke, Mass., 4s,
.
.
Indianapolis, Ind., 4s,
Lawrence, Mass., 3£s, .
Lawrence, Mass., 4s, .
.
Newton, Mass., 4s,
.
Saginaw, Mich., 4s,
.
.
Troy, N . Y ., 4s, .
.
.
Tow n of Leominster, Mass., 4s,
N orth Andover, Mass., 4s,

.

.
.
.

.
.

.
.

.
.
.

.
.

.
.

.
.
.

.
. . .
.
.

.

$140,000
200,000
16,000
135,000
50,000
50,000
200,000
4,000
182,400
100,000
50,000
30,000
20,000
29,000
$ 1 ,2 06,400

$143,300
192,000
16,000
136,350
4 8 ,000
51,000
205,500
3,980
184,730
103,000
50,750
3 0,450
20,200
2 9,375

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,2 14,635 00

$ 1 4 0,000
200,0 0 0
16,000
135,000
5 0,000
5 0,000
200,0 0 0
4 ,0 0 0
182,400
100,000
5 0,000
3 0,000
2 0,000
29,0 0 0

00
00
00
00
00
00
00
00
00
00
00*
00
00
00

$1,2 0 6 ,4 0 0

Bank Stocks.
40
20
122
200
75
250
100
10
109
50
146
300
100

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
Continental National Bank, Boston,
First National Bank, Boston, .
Merchants National Bank, Boston, .
N a t’l Bank of Commerce, Boston, .
N a t’l Bank of the Republic, Boston,
National Shawm ut Bank, Boston,
National Union Bank, Boston,
State National Bank, Boston, .
Tremont National Bank, Boston,
W ebster & A tlas N a t’l Bank, Boston,
B a y State National Bank, Lawrence,
Lawrence National Bank, Lawrence,

$4,000
—

12,200
20,000
7,500
25,000
10,000
1,000
10,900
1,750
14,600
22,500
10,000
$139,450

$5,800
100
3 5,990
42,000
12.000
41,250
27,300
1,800
16,241
50
21,608
34,500
11,500

00
00
00
00
00
00
00
00
00
00
00
00
00

$ 4,000 00
—
12,200 00
20 ,0 0 0 00
7 ,500 00
2 5,000 00
10,000 00
1,000 00
10,900 00

$250,139 00

$137,700 00

-

14,600 00
2 2,500 00
10,000 00

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
.
.
.
.
Boston & Maine R .R . 4Js,
.
.
.
.
Burlington & Missouri River R .R . 6s,
Cedar Rapids & Missouri River R .R . 7s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 44s,
Concord & Montreal R .R . 4s, .
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Fremont, Elkhorn & Missouri Valley R .R . 6s,
Hannibal & St. Joseph R .R . 6s,
Maine Central R .R . 4s, .
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew London Northern R .R . 5s,
New Y ork, Lackawanna & W estern R .R . 6s,
N ew Y ork, New H aven & H artford R .R . 4s,
Northwestern Union R y . 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$100,000
50,000
50,000
30,000
25,000
20,000
50,000
75,000
200,000
100,000
70,000
100,000
100,000
50,000
40,000
140,000
200,000
20,000

* A legal investm ent when made.

$97,000
56,750
54,000
37,200
25,625
23,200
61,500
8 4,000
2 04,000
101,500
9 4,500
108,000
100,500
58,000
41,600
170,800
203,500
25,100

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$100,000
5 0,000
5 0,000
30,0 0 0
2 5,000
2 0,000
50,0 0 0
7 5,000
200,000
100,000
7 0,000
100,000
100,000
5 0.000
40 ,0 0 0
140,000
200,000
2 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

131

BANK COMMISSIONER.

No. 8.]

Essex Savings Bank — Concluded.
Schedule

of

Estimated
Market Value.

Par Value.

Securities Owned.

Railroad Bonds —- Concluded.
Ottum w a, Cedar Falls & St. Paul R .R . 5s,
Rom e, W atertow n & Ogdensburg R .R . 5s,
Upper Coos R .R . 4-Js,
.
.
>
.
.
W in o n a & St. Peters R .R . 7s,

$ 20,400
6 7,800
2 1 .5 0 0
12.500

$20,000
6 0,000
20 ,0 0 0
10 ,0 0 0

.

00
00
00
00

Book Value.

$20,000
60 ,0 0 0
20 ,0 0 0
10,000

00
00
00
00

$ 1 ,5 30,000 $1,6 6 8 ,9 7 5 00 $ 1 ,5 3 0 ,0 0 0 00

Street Railway Bonds.
Merrimac V alley Street R ailw ay Company 5s,
W e s t E nd Street R ailw ay Company 4s,

$50,000
100,000

$52,0 0 0 00
103,000 00

$150,000

$ 1 5 5,000 00

.

$50,0 0 0 0 0 *
100,000 00
$150,000 00

* A legal investm ent when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$75,4 6 2
6 0,000
1,601,300
2 8 6 ,5 0 0

05
00
00
00

2\ per cent.
3| per cent.
4 per cent.
4| per cent.

$50,000
1,694,050
631,500
3 ,079,325

Amount.

Rate.

Amount.

Rate.

00
00
00
00

4f
4£
4f
5

per
per
per
per

$183,000
128,400
8 0,000
82 ,2 0 0

cent.
cent.
cent.
cent.

Rate.

00
00
00
00

R e a l E st a t e fo r B a n k in g P u r p o se s : —
Am ount invested,
Estim ated value,
Assessed value, r

$30,0 0 0 00
5 0.000 00
45 .0 0 0 00

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.

.

.
.
.

,

.
.
.
.

.

.
.
.
.

.
.
.

.

G ross I n c o m e

r e c e iv e d

.

.
.
.

.

d u r in g

Y

ear,

.

.

.

2 ,2 2 6 ,8 7 2 82
2 ,1 2 7 ,8 1 7 51

5,347
4,161
2 6,280

.
.

636
.

9 2 3 ,8 5 0 00

.

.
.

972
.

.

483,0 5 6 98

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Total.
A m ount paid during year,
. $ 13,616 67
$4,139 98
$ 1 7 ,7 5 6 65
Percentage to total assets, .
.0 0 1 2 3
.0 0 0 3 7
.0 0 1 6 0
for

Y

39,572
.
2 1,422
.

.

S ta t ist ic s of L o a n s : —
Num ber not exceeding $3,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,

T otal E x p e n se s

51 per cent.
5-| per cent.
5 f per cent.
6 per cent.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
.
October, 1906, 2 per cent., .
.
.
D ate

of

E x a m in a t io n , O c to b er 8


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

and

9.

.
.

.
.

$183,7 4 7 21
188,828 21

372,5 7 5 42

132

REPORT OF THE

[Pub. Doc

EVERETT SAVINGS BANK — EVERETT.
Ja m e s P . S t e w a r t , President.
S amtjel P . Ca n n e l l , Treasurer.
H e n r y K . Y e a z ie , Clerk of the Corporation.

Investment Committee:
Incorporated

S a m u e l P . C a n n e l l , W o o d b u r y A . H a m , G eo r g e W . P l a is t e d ,
J o se p h W . P h il b r ic k , F r a n k B . W o o d s .

March 1, 1889. Open for business every business day, 9 to 11
2 to 4 p . m . ; also Saturdays, 7.3 0 to 8.30 p . m .

a . m .;

Deposits commence to draw interest the second W ednesday of January, April, July and
October. Dividends are payable the next day following the second W ednesday of
April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

.

L

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Bank building, .
.
.
.
Furniture and fixtures,
Deposits in banks, on interest,
Deposits in banks not on interest,
Cash on hand, .
.
.
.

$20,0 0 0
54 ,2 5 0
2 0 ,000
4 6 ,8 8 8
3 7 5 ,9 5 0
40 ,0 0 0
2 1 ,5 0 0
500
38 ,7 5 6
4 ,1 5 2
4,521

00
00
00
00
00
00
00
00
35
25
92

ia b il it ie s

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .
Due on mortgage
loans,

$604,981 35
12,600 00
6 ,078 84
358 33
2 ,500 00

$ 6 2 6 ,5 1 8 52

$6 2 6 ,5 1 8 52

C a sh o n D e p o sit in B a n k s , A m o u n t i n E ach : —
City Trust Company, Boston,
.
.
.
.
National Security Bank, Boston, .
.
.
.
W inthrop National Bank, Boston,
.
.
.
First National Bank, Chelsea (in liquidation),
.
W innisim m et National Bank, Chelsea, .
.
.
First National Bank, Malden,
.
.
.
.

S

c h e d u l e

o p

Se

c u e it ie s

O

w n e d

.

.

.
.
.

.
.
.
.

.
.
.
.

.

.

.
.

.
.

.

$10,051
1,011
2 0,756
4 ,027
1,015
6,046

56
89
35
54
07
09

Par Value.

Estimated
Market Value.

Book Value.

$10,000
10,000

$ 10,150 00
10,062 50

$ 10,000 00
10,000 00

$20,000

$ 20,212 50

$20,0 0 0 00

Public Funds.
City of Malden, Mass., 4s,
Quincy, Mass., 4s,

.
.

.
.

.
.

.
.

Railroad Bonds.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5s,
.
.
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Chicago, Burlington & Q uincy R .R . 4s,
Illinois Central R .R . 3|s,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 34s, .
New Y ork , New H aven & H artford R .R . 4s,

$ 5,000
10,000
10,000
10,000
10,000
10,000

$ 5,150
10,000
10,250
9 ,200
9 ,2 0 0
10,050

00
00
00
00
00
00

$5,0 0 0
10,000
10,000
9 ,512
9 ,737
1 0,000

00
00
00
50
50
00

$55,000

$53,850 00

$ 5 4 ,2 5 0 00

$10,000
10,000

$10,2 2 5 00
10,100 00

$10,0 0 0 00
1 0,000 00

$ 20,000

$20,3 2 5 00

$ 2 0 ,0 0 0 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Company 4s,
W e st E nd Street R ailw ay Com pany 4s,


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER.

No. 8.]

133

Everett Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$27,7 5 6
11,000
500
4 ,0 0 0

Rate.

35
00
00
00

Amount.

2 per cent.
per cent.
3 f per cent.
3 f per cent.

Rate.

$10,463
81,325
33,100
274,600

00
00
00
00

R e a l E sta t e fo r B a n k in g P u rp o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

D e p o sit s a n d W i t h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.
.
.

3f4
4J
5

.
.
.
.

per
per
per
per

cent.
cent.
cent.
cent.

G ross I n c o m e

r e c e iv e d

.

.

.

.

.

.

Y

d u r in g

of

5^ per cent.
6 per cent.

$21,5 0 0
2 1,500
12,800
493

00
00
00
99

7,235
2 3 7 ,0 8 4 92

.
.
.

.
.
.

179,986 96
1,096
457
3,858
150
230,2 2 5 00
154

Y ear,

2 4 ,899 61

ear

D iv id e n d s d e c l a r e d d u r in g Y
April, 1906, I f per cent.,
October, 1906, I f per cent.,
D ate

Rate.

3 ,5 4 5

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$2,350 00
$802 34
Percentage to total assets,
. 00375
.0 0 1 2 8
for

$15,9 0 0 00
42 ,9 5 0 00

.
.
.
.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

Amount.

ear

Total.
$3 ,1 5 2 34
.0 0 5 0 3

:—
$ 8,676 73
9 ,267 93

17,944 66

E x a m in a t io n , Ja n u a r y 23.

FAIRH AVEN INSTITUTION FOR SAVINGS — FAIR H AVEN .
T h o m a s A . T r ip p , President.
Ch a r l e s H . M o r t o n , Treasurer.
C h ar l e s H . M o r t o n , Clerk of the Corporation.

Investment Committee:

L e v i M . S n o w , J o h n B . H u s s e y , T h o m as A . T r ip p ,
G eo r g e B . L u t h e r , W a l t e r H . Ju d d .

Incorporated F eb. 10, 1832.

Open for business every business day, 9

a .m .

to 1

p. m .

Deposits commence to draw interest the last M onday of January, April, July and October.
Dividends are payable the last M onday of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

134

REPORT OF THE

[Pub. Doc.

Fairhaven Institution for Savings— Continued.
B a l a n c e S h e e t , O ct . 31, 1906,

A

ss e t s

.

L

Public funds.
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

$38,8 3 5
42 ,9 6 0
115,310
435
7 .000
4 5 6 ,4 2 4
94,981
7 ,008
4 ,5 0 0
4
30 ,2 7 6
4 .0 0 0
38

40
00
00
00
00
55
68
60
00
50
28
00
62

ia b il it ie s

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$801,7 7 4 63

C a sh o n D e p o sit in B a n k : —
National Bank of Fairhaven, Fairhaven,

.

.

$779,759 06
15,315 00
6,306 07
394 50

$801,774 63

.

.

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
9
shares National B ank of Fairhaven, Fairhaven, .
1 share National B ank of Fairhaven, Fairhaven,
.

.
.
.

.
.

.

$34,276 28*
.

$400 00
35 00

.

* This amount, in excess of the legal limit, has since been reduced.

S

c h e d u l e

o p

Se

c u r it ie s

O

w n e d

Par Value.

.

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 4s,
Chicago, 111., 4s, .
Portland, Me., 4s,
Springfield, Mass., 4s, .

$ 15,000
10,000
8,000
5,000

$15,825
9 ,7 5 0
8 ,120
4 ,987

$38,000

$ 38,682 50

00
00
00
50

$ 15,712
10,000
8 ,1 3 4
4 ,988

50
00
40
50

$38,835 40

Bank Stocks.
50
60
22
211
90
68
13

shares
shares
shares
shares
shares
shares
shares

Eliot National Bank, Boston, .
N a t l Bank of the Republic, Boston,
State National Bank, Boston, .
N ’l Bank of Fairhaven, Fairhaven, .
First National Bank, New Bedford, .
Mechanics N a t’l Bank, New Bedford,
Merchants N a t l Bank, New Bedford,

$5,000
6,000
2,200
16,880
9 ,000
6,800
1,300

$10,000
9 ,900
3 ,278
14,770
11,970
10,540
2,639

00
00
00
00
00
00
00

$5 ,0 0 0
6,000
2 ,200
12,660
9 ,000
6,800
1,300

00
00
00
00
00
00
00

$ 47,180

$63,097 00

$42,9 6 0 00

$18,000
10,000
10,000
5,000
3,000
10,000
4 ,000
2 0,000
2,000
5,000

$ 18,050
9 ,100
9 ,5 7 5
5 ,125
3 ,045
9 ,5 5 0
4 ,0 0 0
18,400
1,880
4 ,7 0 0

$18,0 0 0
9 ,175
10,000
5 ,000
3 ,000
10,000
4 .0 0 0
19,493
1,947
4 918

Railroad Bonds.
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3s,
Boston & Maine R .R . 3-Js,
.
.
.
.
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 3^s,
Fitchburg R .R . 4s,
.
.
.
Illinois Central R .R . 3-g.s,
Minnesota & Iowa R .R . 3Js, .
N ew Y ork Central & H udson R iver R .R . 3-g-s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
75
50
75

No. a.]

BANK COMMISSIONER

135

Fairhaven Institution for Savings — Concluded.
Schedule

of

Securities Owned.

Railroad Bonds — Concluded.
New Y ork, New H aven & Hartford R .R . 3-|-s,
New Y ork, New H aven & Hartford R .R . 4s,
Peoria & Northwestern R .R . 3^s,

Par Value.

Estimated
Market Value.

$10,000
15,000
5 ,0 0 0

$ 9,150 00
15,250 00
4 ,7 0 0 00

$10,000 00
15,000 00
4 ,775 00

$117,000

$ 1 1 2,525 00

$115,3 1 0 00

.

Book Value.

Total Am ount of Loans at Specified Rates of Interest .
Amount.

$30,276 28
343,182 33

Rate.

2
5

per cent.
per cent.

Amount.

Rate.

$107,311 55
107,847 35

5£ per cent.
6 per cent.

R eal , E st a t e f o b B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
R e a l E s t a t e b y F o r e c lo su r e or
A m ount invested,
.
.
Assessed value (part only), .
N et income during year,
.

.

D e p o sit A c counts : —Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

G ross I n c o m e

r e c e iv e d

$ 4 ,5 0 0 00

O t h e r w is e : —
.
.
.
.
.
.
.
.
.
.
.

.
.
.

7 ,008 60
550 00
26 69

.
.
6

1,246
.
.

.

.

.

.

Y

d u r in g

Y

ear,

.

164,4 9 7 73

.

.
.
.
.

,

6,000 00
3 ,8 0 0 00

.
.
.
.

.

.

.

.
.
.

.

8 9 ,9 3 2 12
.
.

276
100
1,478

.

270

.

272,521 23
298
.

of

E x a m in a t io n , Ju l y 23.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3 6 ,1 3 9 95

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

914

.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $2 ,1 9 5 68
$755 54
Percentage to total assets, .
. 00273
.0 0 0 9 4
fo r

6-j per cent.

.
.
.

S t a t ist ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T otal E x p e n s e s

$500 00

Rate.

.
.
.

D e po sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.

.
.
.

Amount.

.
.

.
.

.
.

Total.
$2,951 22
.0 0 3 6 7
$13,5 3 2 95
14,580 81

28 ,1 1 3 76

REPORT OF THE

136

[Pub. Doc

FALL RIVER SAVINGS BANK —FALL RIVER.
R o b e r t H e n r y , President.
C h a r l e s A . B a s s e t t , Treasurer.
N e w t o n R . E a r l , Clerk of the Corporation.

Investment Committee:

Ch a r l e s M . A l l e n , R o b e r t H e n r y ,
L . E l m e r W ood , D a v id J. B u r d ic k .

Incorporated March 11, 1828.

H enry

Open for business every business day, 9

C.

H a w k in s ,

a .m .

to 2

p .m

Deposits commence to draw interest the first M onday of January, April, July and O ctober.
Dividends are payable the first M onday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities .

A ssets.

$6 2 5 ,0 0 0
3 8 3 ,5 0 0
2 ,2 6 0 ,0 0 0
2 0 0 ,0 0 0
4 ,0 0 0
70.0 0 0
3,330 ,7 0 1
1 ,7 0 7,700
3 0 .0 0 0
1,729
8 8 ,2 7 8
7 ,1 9 5

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Com pany bonds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

00
00
00
00
00
00
00
00
00
87
20
57

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Due on mortgage
loans,

$ 8 ,1 31,591 66
403,0 0 0 00
112,984 09
47 ,4 7 8 89
13,050 00

$ 8 ,7 0 8 ,1 0 4 64

$ 8 ,7 0 8 ,1 0 4 64

C a s h o n D e p o sit in B a n k s , A m o u n t in E ach : —
First National Bank, Boston,
Fall R iver National Bank, Fall River, .
Massasoit-Pocasset National Bank, Fall River,

$8,778 20
5 4,500 00
25,000 0 0

L o a n o n B a n k S to ck s : —
50 shares Fall River National Bank, Fall River,

$ 4 ,000 00

S

c h e d u le

o f

Se

c u r it ie s

O

w n e d

Par Value.

.

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 4s,
Cambridge, Mass., 4s,
Chicago, 111., 4s,
Fall River, Mass., 4s,
Lynn, Mass., 4s,
Troy, N . Y ., 4s, .
.
W orcester, Mass., 4s,

.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.

.

.

.
.
.
.
.

$200,000
8 0,000
200,000
10,000
10,000
100,000
25,000

$204,500
80,400
202,300
10,025
10,125
103,000
25,687

00
00
00
00
00
00
50

$625,000

$636,037 50

$ 2 0 0,000
8 0,000
200,000
10,000
10,000
100,000
2 5,000

00
00
00
00
00
00
00

$ 6 2 5,000 00

Bank Stocks.
150
5
400
160
3
150
232
100
715
50

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Eliot N a t’l Bank, Boston,
First N a t’l Bank, Boston,
Faneuil H all N a t’l Bank, Boston, .
Merchants National Bank, Boston,
N a t’l B ank of Commerce, Boston, .
National Shawmut Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston,
Fall River N a t’l Bank, Fall River,
First National Bank, Fall River, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,000
500
40,000
16,000
300
15,000
23,200
10,000
71,500
5,000

$30,000
1,475
58,000
33,600
480
4 0,950
51,736
14,900
94,380
8,750

00
00
00
00
00
00
00
00
00
00

$15,0 0 0
500
40 ,0 0 0
16,000
300
15,000
2 3 ,200
10,000
71,500
5,000

00
00
00
00
00
00
00
00
00
00

137

BANK COMMISSIONER

No. 8.]

Fall River Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

Bank Stocks — Concluded.
650 shares Massasoit-Pocasset N a t’l Bank, Fall
River,
.
.
.
.
.
1,000 shares Metacomet N ’l Bank, Fall River, .
220 shares Merchants N ’l Bank, New Bedford,

Estimated
Market Value.

Book Value.

$107,250 00
135,000 00
4 4,660 00

$65,000 00

1 0 0 ,0 0 0
2 2 ,0 0 0

$383,500

$621,181 00

$ 3 8 3,500 00

$25,000

$25,250 00

$25,0 0 0 00

50,000
25,000
125,000
15,000
125,000
58,000
50,000
2 5,000
75,000
50,000

51,500
25,250
140,000
18,525
128,750
65,105
5 6,750
25,375
87,375
5 0,625
135,000
107,500
204,000
4 7,600
102,500
4 5,900
4 6,400
82,075
336,875
273,300
2 06,500
5 6,250
4 1 ,400
9 3 ,000
3 5 ,000

5 0,000
25,0 0 0
125,000
15,000
125,000
58,0 0 0
50,0 0 0
25,0 0 0
7 5,000
50,0 0 0

$65,000

1 0 0 ,0 0 0 0 0
2 2 ,0 0 0 0 0

Railroad Bonds.
Boston & A lban y R .R . 4s,
Boston, Clinton, Fitchburg & JNew Bedford
R .R . 5s,
.
.
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Cedar Rapids & Missouri R iver R .R . 7s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburg R .R . 4^s,
Concord & Montreal R .R . 4s, .
.
.
.
Detroit & B a y City R .R . 5s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Fremont, Elkhorn & Missouri V alley R .R . 6s, .
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 4s, .
Mahoning Coal R .R . 5s, .
Maine Central R .R . 4^s, .
.
.
.
.
Michigan Central R .R . 4s,
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
Milwaukee, Lake Shore & W estern R .R . 6s,
New Y ork, Lackawanna & W estern R .R . 6s,
New Y ork, New H a ven & Hartford R .R . 4s,
Old Colony R .R . 4 s , ................................................
R om e, W atertow n & Ogdensburg R .R . 5s,
Verm ont V alley R .R . 5s,
.
.
.
.
W inona & St. Peters R .R . 7s, .
W orcester, Nashua & Rochester R .R . 4s, .

1 0 0 ,0 0 0
1 0 0 ,0 0 0
2 0 0 ,0 0 0

40,000
1 0 0 ,0 0 0

45 ,0 0 0
4 0,000
67,000
275,000
270,000
2 0 0 ,0 0 0

5 0,000
40,000
75,000
3 5,000
$2,2 6 0 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00

1 0 0 ,0 0 0 0 0
1 0 0 ,0 0 0 0 0
2 0 0 ,0 0 0 0 0

40,0 0 0 00
1 0 0 ,0 0 0 0 0

45,0 0 0
40,0 0 0
6 7,000
275,0 0 0
270,0 0 0

00
00
00
00
00

2 0 0 ,0 0 0 0 0

5 0,000
40 ,0 0 0
7 5 ,0 0 0
35 ,0 0 0

00
00
00
00

$2,4 8 7 ,8 0 5 00 $ 2 ,2 6 0 ,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Company 3|-s,

$ 2 0 0 ,0 0 0

$208,000 00

$ 2 0 0 ,0 0 0 0 0

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$54,5 0 0
8 ,778
25 .0 0 0
2 0 .000

Rate.

00
20
00
00

2 per cent.
2£ per cent.
3 per cent.
4\ per cent.

Amount.

$875,500
25,000
1,874,016
208,0 0 0

Rate.

00
00
00
00

4% per cent. $ 1 ,9 49,635 00
4 f per cent.
5 per cent.
5J per cent.

160,250 00

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
Estim ated value,
Assessed value, .
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

Amount.

6

per cent.
per cent.

$ 3 0 ,0 0 0 00
30 .0 0 0 00
4 0 .0 0 0 00
2 0 ,236
1 ,2 8 0 ,4 0 4 97
13,571
1,182 ,2 2 6 45

REPORT OF THE

138

[Pub. Doc.

Pall River Savings Bank — Concluded.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

.
.
.

.

.

.
.

.

.
.

.
.

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

.

$ 9 5 3,168 00

of

919
4 1 7 ,7 9 3 37

ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

596

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $20,076 67
$ 2 ,190 34
Percentage to total assets, .
. 00230
.0 0 0 2 5
fo r

2,763
1,856
16,831

.
.

E x a m in a t io n , Ju n e 13

and

.
.

.

.

.

Total.
$22,267 01
.0 0 2 5 5
$ 1 5 0,414 34
154,374 12

.

304,7 8 8 46

14.

PALL RIVER PIVE CENTS SAVINGS BANK —PALL RIVER.
L e o n t in e L in c o l n , President.
C h a r l e s L . H o l m e s , Treasurer.
L e o n a r d N . S l a d e , Clerk of the Corporation.

Investment Committee: Ch ar l e s S. W

a r in g , E d w a r d B . J e n n in g s , L e o n t in e L in c o l n ,
A b n e r P. D a v o l , H o l d e n B . D u r f e e .

Incorporated April 10, 1855.

Open for business every business day, 9

a .m .

to 2

p. m .

Deposits commence to draw interest the first M onday of March, June, September and
December.
Dividends are payable the second M onday of June and December.

B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities .

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$1 2 1 ,0 0 0
3 1 9 ,1 0 0
1 ,6 3 4 ,7 0 0
2 ,2 6 3 ,0 5 6
9 7 5 ,8 0 0
69,967
45,0 0 0

00
00
00
52
00
53
00

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account,
R en t account,

3 5,852 15
112,150 49
29,301 18

7 ,830 00
86 ,9 7 2 45
6 ,0 2 7 49
$ 5 ,5 2 9 ,4 5 3 99

$ 5 ,5 2 9 ,4 5 3 99

G a s h o n D e p o s it i n B a n k s , A m o u n t in E a c h : —
Mechanics Trust Company, Boston,
;
.
.
National Exchange Bank, Boston,
.
.
.
M etacom et National Bank, Fall River, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 5 ,1 0 7 ,1 5 0 17
2 4 5 ,0 0 0 00

.
.

.
.
.

.
.
.

.

$7,293 11
3 5,994 47
43 ,6 8 4 87

\

No. 8.]

BANK COMMISSIONER.

139

Fall River Five Cents Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

$25,375
2 5,500
21,315
5 1,000

$25,0 0 0
2 5,000
2 1,000
5 0,000

Public Funds.
825,0 0 0
2 5,000
2 1,000
5 0,000

C ity of Chicago, 111., 4s,
Everett, Mass., 4s,
Fall River, Mass., 4s, .
Kansas City, M o., 4s, .

$121,000

00
00
00
00

$123,190 00

Bank Stocks.
3 83
100
365
465
443
35
740
158
57
150
300
40
107

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

150
36
50
13
100

shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
Faneuil H all National Bank, Boston,
Mechanics Trust Company, Boston, .
Mechanics National Bank, Boston, .
Metropolitan National Bank, Boston,
N a t’l Bank of Commerce, Boston,
N a t’l Bank of the Republic, Boston,
National Exchange Bank, Boston, .
New E ngland National Bank, Boston,
State National Bank, Boston, .
W ebster & A tlas N a t’l Bank, Boston,
Dedham National Bank, Dedham , .
Massasoit-Pocasset National Bank,
Fall River, .
.
.
.
.
M etacom et N a t’l Bank, Fall River, .
National Union Bank, Fall River,
Leominster N a t’l Bank, Leominster,.
Palmer National Bank, Palmer,
Taunton National Bank, Taunton, .

$38,300
10,000
36,500

$121,000 00

$55,535
14,500
4 2,705
6,975
52,717
5,600
122,100
2 5,280
7,980
22,350
4 4,400
4 ,400

00
00
00
00
00
00
00
00
00
00
00
00

$38,3 0 0 00
10,000 00
3 6,500 00

17,655
20,250
72
6,250
1,300
10,200

00
00
00
00
00
00

10,700 00
15,000 00
5 ,000 00
1,300 00
10,000 00

$319,100

$460,269 00

$319,100 00

$150,000
70,000
50,000
153,000
25,000
100,000
3 0,000
50,000
135,000
50,000
15,000
169,000
3 1 ,000
100,000
250,000
20,000
50,000
16,700
155,000
15,000

$175,500
76,300
53,500
165,240
27,000
113,000
30,300
67,500
136,350
59,500
18,600
196,040
3 8,750
122,000
256,1 0 0
25,000
51,500
21,042
186,000
15,600

$150,000
70,000
50,000
153,000
2 5 ,000
100,000
3 0 ,000
50 ,0 0 0
135,000
5 0,000
15,000
169,000
31 ,0 0 0
100,000
250,000
2 0,000
50 ,0 0 0
16,700
155,000
15,000

-

44,3 0 0
3 ,500
7 4,000
15,800
5,700
15,000
3 0,000
4 ,000
10,700
15,000
—

5 ,000
1,300
10,000

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Burlington & Missouri R iver R .R . 6s,
Boston, Revere Beach & L ynn R .R . 4-§s, .
Chicago, Burlington & Quincy R .R . 5s,
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . 6s,
Fitchburg R .R . 4s,
.
.
.
.
Fremont, Elkhorn & Missouri V alley R .R . 6s,
Illinois Central R .R . 4s, .
Mahoning Coal R .R . 5s, .
Maine Shore Line R .R . 6s,
Milwaukee, Lake Shore & W estern R .R . 5s,
Milwaukee, Lake Shore & W estern R .R . 6s,
N ew Y ork, Lackawanna & W estern R .R . 6s,
N ew Y ork, New H aven & Hartford R .R . 4s,
Northwestern Union R y . 7s,
Old Colony R .R . 4s,
.
.
.
Schenectady & Duanesburg R .R . 6s,
S t. Johnsbury & Lake Champlain R .R . 5s,
W inona & St. Peters R .R . 7s, .

00
00
00
00

$ 1,634,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

4 4,300
3,500
74,000
15,800
5 ,700
15,000
3 0,000
4 ,000

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,8 34,822 00 $1,6 3 4 ,7 0 0 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$79,679 34
7,293 11
281,475 00

Rate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
2ij per cent.
4-J per cent.

$ 25,000 00
1,605,405 00
7 8 ,000 00

4 f per cent.
5 per cent.
5^- per cent.

$1,0 5 8 ,9 2 6 52
6 7 ,000 00
1 23,050 00

5^ per cent.
5 § per cent.
6 per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

140

Fall River Five Cents Savings Bank — Conclud ed .
R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
R e a l E s t a t e b y F o r e c l o su r e or
A m ount invested,
.
.
Assessed value, .
.
.
N et income during year,
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

O t h e r w is e : —
.
.
.
.
.
.
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.

D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.
.
.

.
.

.
.
.
.

.
.

.

.
.
.

.

.
.
.

.

.
.

G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

d u r in g

Y ear,

.

.

.

994,9 1 4 35
934,7 0 4 90

3,076
1,757
19,920

.

508
.

663,901 52

.

.
.

725
.

.

271,251 71

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Total.
Am ount paid during year,
$ 1 2 ,5 7 4 83
$1,8 6 5 96
$ 1 4 ,4 4 0 79
Percentage to total assets, .
.0 0 2 2 7
.0 0 0 3 4
.00 2 6 1
fo r

Y

00
00
00
40

69,967 53
84,4 2 5 00
1,950 00

38,376
.
16,516
.

.

S ta t ist ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

$45,0 0 0
76.500
76.500
1,036

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, 2 per cent.,
.
.
June, 1906, 2 per cent.,
.
.
.
D ate

of

E x a m in a t io n , O c t o b e r 31

and

.
.

.
.

$ 9 4 ,1 0 4 07
9 5,549 11

189,653 18

N o v e m b e r 1.

FARMERS’ AND MECHANICS’ SAVINGS BANK — SOUTH
FRAMINGHAM.
W

il l a r d

H o w e , President.
G eo r g e E . C u t l e r , Treasurer.
S. G . D a v e n p o r t , Clerk of the Corporation.

Investment Committee:

A . R . N e w t o n , Jo e l T . W h it n e y , S. A . P h il l ip s ,
G eo r g e E . Cu t l e r , S. G. D a v e n p o r t .*

Incorporated April 23, 1883. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the third day of January, April, July and October.
Dividends are payable the third Tuesday of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* S. G. Davenport has since resigned.

No. 8.]

BANK COMMISSIONER.

141

Farmers’ and Mechanics’ Savings Bank — Coniinued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Liabilities .

Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loan on bank sto c k s,.
Loan on railroad bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Furniture and fixtures,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$ 2 0 ,1 3 4
4 5 .0 0 0
100
100
33 .0 0 0
1,085
460,1 1 4
238,0 5 5
17,291

95
00
00
00
00
00
00
00
06

8 ,9 2 0
1.040
2 4,509
3 .0 4 0

00
00
25
02

Deposits,
Guaranty fund, .
R ent account,
Undivided e a r n ­
ings,
Cemetery funds, .

$ 7 8 4,076 60
31 ,7 5 0 00
75 00
3 5 ,659 46
828 22

$852,389 28

$852,389 28

C ash o n D e p o s it i n B a n k : —
Fram ingham National Bank, South Framingham, .

.

.

L o a n o n B a n k S to cks : —
2 -shares Fram ingham National Bank, South Framingham,
L o a n o n R a il r o a d B onds : —
$100 Maine Central R .R . 7s,

.

.

.

.

Bank Stocks.
5 shares Continental National Bank, Boston,
shares Eliot National Bank, Boston, .
shares Freemans National Bank, Boston,
shares Second National Bank, Boston,
shares First National Bank, Chelsea, .
shares N orthborou ghN ’l B ’k, Northborough,
shares Framingham N ’l B ’k, So. Framingham,
shares First N ’l B ’k of Newton, W . Newton,

_

$24,509 25

.
.

Par Value.

Schedule of Securities Owned.

16
6
9
5
9
100
10

.

.
.
.

$100 00
$100 00

Estimated
Market Value.

$25
3 ,200
690
2 ,007

00
00
00
00

Book Value.

_

$ 1,600
600
900
500
900
10,000
1,000

1,035 00
13,500 00
1,300 00

$15,500

$21,7 5 7 00

$ 2 0 ,1 3 4 95

$30,000
10,000
5,000

$28,1 2 5 00
11,300 00
5 ,6 0 0 00

$ 3 0 ,0 0 0 00
10,000 00
5 ,000 00

$45,000

$45,0 2 5 00

$45,0 0 0 00

_

$2 ,0 8 4
509
1,358
650
1,134
13,399
1,000

00
70
25
00
00
00
00

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 3-jS, .
N ew Y ork, New H aven & H artford R .R . 3.¿s,
Northern Maine Seaport R .R . 5s,

.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 24,509 25
16,000 00
4 ,000 00

Rate.

2 per cent.
4 per cent.
4J per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$20,500 00
30 ,0 0 0 00
513,279 00

Rate.

4-| per cent.
4| per cent.
5 per cent.

Amount.

$ 18,500 00
80,0 0 0 00
50,175 00

Rate.

5-J per cent.
5^- per cent.
6 per cent.

[Pub. Doc.

REPORT OF THE

142

Farmers’ and Mechanics’ Savings Bank — Concluded.
R e a l E st a t e b y F o r e c lo su r e
Am ount invested,
.
.
Assessed value, .
.
.

or

.
.

O t h e r w is e : —
.
.
.
.

D e po sit s a n d W i t h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : — Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.

.
.

.

.

.

.
.
,

$17,291 06
2 2,300 00

.
.
.

.

.

.
.
.

.

.
.

.

196,691 99

.

2 ,626
.

172,810 54

.
.

.
.

.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

ear,

.

.

.

.
.
.

of

245
261,2 2 4 00

.
.
.

214
37,271 67

.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
• October, 1906, 2 per cent., .
.
D ate

.
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $2 ,7 8 0 00
$601 32
Percentage to total assets, .
.0 0 3 2 6
.0 0 0 7 0
fo r

743
412
3 ,645

.

S t a t ist ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n s e s

4,841

.
.
.

.
.

.
.

.
.

Total.
$3,381 32
.0 0 3 9 6
$13,863 70
14,428 18

28,291 88

E x a m in a t io n , M arch 8.

FITCHBURG SAVINGS BANK —FITCHBURG.
C h ar l e s E . W

a r e , President.
E b e n e z e r B a il e y ,

F r e d e r ic C. N ich o l s , Treasurer.

Clerk of the Corporation.

Investment Committee:

C h a r l e s E . W a r e , G e o r g e R . W a l l a c e , H e n r y G. M o r se ,
C a r m i M . P a r k e r , R e u b e n R . C o n n , J. L o v e l l J o h n s o n .

Incorporated February 12, 1846.
Open for business every business day except Satur­
days, 8.4 5 a .m . to 3 p .m .; Saturdays, 8 .4 5 a . m . to 12 m . ; also Tuesdays, 7 to 9 p . m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends arejpayable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds,
Street railway bonds, .
Boston Terminal Company bonds,
Loans on public funds,
Loan on bank stocks,
Loan on railroad bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Deposits in banks, on interest,
Building account, .
.
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$290,6 6 2
128,400
524,0 0 0
6 2 ,000
5 0 .000
5 0.000
1 2.000
2 ,5 0 0
2,1 3 5 ,0 6 4
1,366 ,8 5 0
8 ,0 0 0
8 5,000
87 ,1 5 4
2 0,462
4 ,2 9 4

50
00
00
00
00
00
00
00
00
00
00
00
76
42
04

$4,8 2 6 ,3 8 7 72

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 4 ,4 69,969 04
2 35,000 00
4 5,249 98
76,1 6 8 70

$4,8 2 6 ,3 8 7 72

143

BANK COMMISSIONER

No. 8.]

Fitchburg Savings Bank — Continued
C a sh o n D e p o s it in B a n k s , A m o u n t in E ach : —
Merchants National Bank, Boston,
.
.
.
Fitchburg National Bank, Fitchburg, .
.
.

.
.

$48,579 48
3 8,575 28

L o a n s o n P u b l ic F u n d s , A m o u n t o n E ach : —
$25,000 Massachusetts 3^s,
.
.
.
.
2 5 ,000 City of Hartford, Conn., 3?js, .
.
.

.
.

$25,000 00
25,000 00

L o a n o n B a n k St o c k s : —
73 shares W achusett National Bank, Fitchburg, .
55 shares Safety Fund National Bank, Fitchburg,

‘

}

L o a n o n R a il r o a d B onds : —
$ 5 ,0 0 0 Great Northern-Northern Pacific Joint 4s,

$12,000 00 *

$ 2,500 0 0 t

* Since reduced within the legal limit,
t This illegal loan has since been paid.

S c h e d u l e o f Se c u r i t i e s O w n e d .

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3 £ s ,.
City of Boston, Mass., 4s,
Dayton, O., 4s, .
Fall River, Mass., 4s, .
Fitchburg, Mass., 3$s,
Fitchburg, Mass., 4s, .
Keene, N . H ., 3 -y S ,
New Bedford, Mass., 4s,
Portland, Me., 6s,
.
.
.
Portsmouth, N . H ., 4s,
.
.
.
Tow n of Am esbury, Mass., 4s,
.
.
.
Turners Falls, Mass. (Fire District), 4s,

$50,000
2 5,000
2 2,000
17,000
50,000
60,000
12,000
25,000
5,000
5,000
10,000
10,000
$291,000

$50,000
2 5,687
2 2,110
17,340
4 9,250
6 1,800
11,880
2 5,000
5,075
5,050
10,200
10,200

00
50
00
00
00
00
00
00
00
00
00
00

$293,592 50

$50,000
25,000
22,000
17,000
50,000
60,000
12,000
25,000
4,662
5,000
10,000
10,000

00
00
00
00
00
00
00
00
50
00
00
00

$290,662 50

Bank Stocks.
60
225
200
40
257
123
170
100
5
67
50
30
10

shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
Merchants National Bank, Boston, .
National Shawmut Bank, Boston,
State National Bank, Boston, .
Fitchburg National Bank, Fitchburg,
Rollstone National Bank, Fitchburg,
Safety Fund N a t’l Bank, Fitchburg,
Fitchburg Safe Deposit & Trust Com­
pany, Fitchburg,
shares Townsend National Bank, Townsend,
shares Crocker N a t’l Bank, Turners Falls, .
shares City National Bank, W orcester,
shares Quinsigamond N a t’l B ’k, W orcester,
shares W orcester Trust Company, W orcester,

$6,000
22,500
20,000
4 ,000
25,700

_

17,000
10,000
500
6,700

_
_

1,000
$113,400

$ 8,700
4 7,250
54,600
5,960
37,265
615
17,000

00
00
00
00
00
00
00

$ 6 ,000
2 2 ,500
3 0 ,000
4,000
2 5 ,700

00
00
00
00
00

15,000
500
9 ,380
500
450
2 ,000

00
00
00
00
00
00

15,000 00
500 00
6,700 00

$199,220 00

$128,400 00

17,000 00

1,000 00

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 4£s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3-jS,
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 4s,
.
.
.
.
.
N ew England R .R . 4s,
.
.
.
.
.
N ew Y ork, New H aven & Hartford R .R . 3^s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$30,000
25,000
166,000
30,000
33,000
25,000
25,000
25,000
25,000
50,000

$30,750
25,375
167,150
3 1,200
33,330
23,000
25,125
25,125
2 5,750
4 5,750

00
00
00
00
00
00
00
00
00
00

$ 30,000
25,000
166,000
30,000
33,000
25,000
25,000
25,000
25,000
50,000

00
00
00
00
00
00
00
00
00
00

REPORT OF THE

144

[Pub. Doc

Fitchburg Savings Bank — Continued
Estimated
Market Value.

Book Value.

$30,000
35 ,0 0 0
2 5,000

$ 30,150 00
3 5 ,950 00
25,375 00

$30,000 00
3 5,000 00
2 5,000 00

$524,000

$524,030 00

$ 5 2 4,000 00

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Railroad Bonds — Concluded.
N ew Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
Portland & Ogdensburg R .R . 5s,

Street Railw ay Bonds.
Boston Elevated Railw ay Com pany 4s,
Fitchburg & Leominster St. R y . Com pany 44s,
Leominster, Shirley & A yer St. R,y. Com pany 5s,
W e s t E nd Street Railw ay Com pany 4s,

$ 25,000
5,000
2,000
3 0,000

$26,500
5,200
2,200
31,500

00
00
00
00

$ 25,000
5 ,000
2,000
30 ,0 0 0

00
00
00
00

$62,000

$65,4 0 0 00

$ 62,000 00

$50,000

$52,000 00

$50,000 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 34s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$48,579
38,575
4 4 8 ,8 5 0
169,300

Amount.

Rate.

48
28
00
00

2

per cent.

24 per cent.

4 per cent.
44 per cent.

$494,1 0 0
4 0 .0 0 0
3 6 .0 0 0
2 ,0 0 7 ,4 7 0

Rate.

00
00
00
00

R e a l E st a t e fo r B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.

44
4f
4f
5

.
.
.
.

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

Rate

$ 1 5 3,500 00
138,865 00
78,329 00

54 per cent.
54 per cent.
6 per cent.

$85,000 00
125.000 00

.
.
.
.

102.000 00
889 40

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
A m ount of same,
.
.
.
.
.
N um ber of withdrawals during year,
.
Am ount of same,
.
.
.
.
.
D e p o s it A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.
.
.

.
.
.

.
.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

6,289
643,224 30
’ 5,649
709,083 09

.
.
.
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I nco m e

8,000 00
11,450 00
79 90

1,220

1,010
9,474
405
587,415 00
527
211,311 41

No. 8.]

BANK COMMISSIONER.

145

Fitchburg Savings Bank — Concluded.
T otal E x p e n se s

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$5,551 66
$ 2,295 39
A m ount paid during year,
.0 0 1 1 5
.0 0 0 4 7
Percentage to total assets,
fo r

Y

ear

D iv id e n d s d e c l a r e d d u r in g Y
January, 1906, I f per cent.,
July, 1906, I f per cent.,
D ate

of

ear

Total.
$7,847 05
.0 0 1 6 2

:—
$ 74,603 00
75,501 10

$150,104 10

E x a m in a t io n , Ju n e 28.

FLORENCE SAVINGS BANK — FLORENCE.
L . F . P l im p t o n , President.
M . E . G o u l d , Treasurer.
M . E . G o u l d , Clerk of the Corporation.

Investment Committee: H . B . H a v e n , G eo r g e S. G r a v e s , L . F . P l im p t o n , A . M. W
Incorporated Feb. 14, 1873.

Open for business every business day, 10

a .m .

to 2

are.
p .m .

Deposits commence to draw interest the second Tuesday of January, April, July and
October. Dividends are payable the second Tuesday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

Assets.

L iabilities .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Real estate in possession,
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$25,000
18,050
71,387
10,000
980
2 9 4 ,3 9 5
6 8,508
4 ,914
4 ,467
60
450
11,608
323

.

00
00
50
00
00
53
50
23
64
35
00
30
80

Deposits,
Guaranty fund, .
Profit and loss ac­
count,

$487,733 54
17,875 00
4,537 31

i

$5 1 0 ,1 4 5 85

$51 0 ,1 4 5 85

C a sh o n D e p o sit in B a n k s , A m o u n t i n E a c h : —
First National Bank, Northam pton,
Hampshire County National Bank, Northam pton,
Pynchon National Bank, Springfield (in liquidation),

Par Value.

Schedule of Securities Owned .

$8,262 04
3,143 83
202 43

Estimated
Market Value.

Book Value.

$25,2 0 8 75

$25,000 00

Public Funds.
City of Chicago, 111., 4s,

.

.

.

.

$25,000

Bank Stocks.
85
40
54
10

shares
shares
shares
shares

H om e National Bank, H olyoke,
First National Bank, N ortham pton, .
Hampshire Co. NT B ’k, Northam pton,
A gaw am National Bank, Springfield, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 8,500
4 ,0 0 0
5 ,400
150
$18,0 5 0

$10,2 0 0
5 ,200
5 ,670
50

00
00
00
00

$21,1 2 0 00

$ 8,500
4 ,0 0 0
5 ,400
150

00
00
00
00

$ 18,050 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

147

FOXBOROUGH SAVINGS BANK — FOXBOROTJGH.
J. W . R ich a r d so n , President.
W il l ia m H . T o r r e y , Treasurer.
W il l ia m H . T o r r e y , Cleric of the Corporation.

Investment Committee: F is h e r E . H a r t s h o r n , A l l e n H . M e s s in g e r , L e w is E . G r a y ,
J. W . R ic h a r d so n , F o r r e st B a s s e t t .
Incorporated April 18, 1855. Open for business every business day, 9
W ednesdays and Saturdays, 6 to 8 p .m .

a .m .

to 3

p . m .;

also

Deposits commence to draw interest the first day of March, June, September, and
December. Dividends are payable W ednesday after second M onday of June and
December.
B a l a n c e S h e e t , O ct . 31, 1906.

Assets.

Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Deposit in bank, on interest,
Cash on hand, .
.
.
.

L iabilities.

$ 3 0 ,9 4 0
112,930
5,231
10,000
15,000
100
240,2 1 9
9 ,3 0 2
4 ,8 0 0
8 ,2 2 7
4 ,2 9 7

00
00
25
00
00
00
00
50
00
49
83

Deposits,
Guaranty fund, .
U ndivided e a r n ­
ings,

$441,0 4 8 07

C a sh o n D e p o sit in B a n k : —
W inthrop National Bank, Boston,

.

.

2 5,785 44

$4 4 1 ,0 4 8 07

.

.

Par Value.

Schedule of Securities Owned.

$397,262 63
18,000 00

.

.

$8,227 49

Estimated
Market Value.

Book Value.

B ank Stocks.
34
27
22
8
20
10
11
60
14
13
12
8
36
60
tj

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Boylston National Bank, Boston,
Commonwealth Trust Co., Boston,
Continental National Bank, Boston, .
Faneuil Hail National Bank, Boston, .
Metropolitan National Bank, Boston,
M t. Vernon National Bank, Boston, .
N a t’l Bank of Commerce, Boston,
National Shawmut Bank, Boston,
Old Boston National Bank, Boston, .
State National Bank, Boston,
Tremont National Bank, Boston,
W ebster & Atlas N a t’l Bank, Boston,
Dedham National Bank, Dedham,
Framingham N ’l B ’k, S. Framingham,
N a t'l Bank of W rentham, W rentham,

$3,400
2,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 3,400 00
2 ,700 00

$30,940

$47,283 00

$30,9 4 0 00

$11,000
5,000
5,000
14,000
5,000
5,000

$11,075
4 ,8 0 0
5 ,400
12,950
5 ,100
5,068

$11,000
5,000
5,000
14,000
5 ,000
5,000

_

800
2,000
1,000
1,100
6,000
1,400
1,300
420
800
3,600
6,000
420

$3 ,4 0 0
4 ,8 6 0
110
1,160
2 ,3 8 0
500
1,760
16,380
1,540
1,937
12
1,184
3 ,960
7 ,680
420

_

800
2 ,000
1,000
1,100
6 ,000
1,400
1,300
420
800
3 ,600
6 ,000
420

00
00
00
00
00
00
00
00
00
00
00
00

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3£s,
.
.
.
Boston, Revere Beach & Lynn R .R . 4 ts,
Chicago, Burlington & Quincy R .R . 3£s,
Fitchburg R .R . 4s,
Fitchburg R .R . 5s,
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

00
00
00
00
00
75

00
00
00
00
00
00

[Pub. Doc

REPORT OF THE

148

Foxborough Savings Bank — Concluded.
Par Value.

Schedule or Securities Owned.

Railroad Bonds — Concluded.
Illinois Central R .R . 3^s,
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4-Js,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 3^s,
N ew Y ork , New H aven & H artford R .R . 4s,
Princeton & Northwestern R .R . 3|-s,
St. Johnsbury & Lake Champlain R .R . 5s,
U pper Coos R .R . 4s,
.
.

.

$18,000
6,000
5,000
10,000
10,000
10,000
5 ,000
5,000

Book Value.

$16,650
6 ,030
5 ,1 5 0
9 ,2 0 0
10,250
9 ,5 0 0
6,025
5 ,000

$17,580
6,000
5,000
9 ,5 0 0
10,300
9 ,5 5 0
5 ,000
5,000

00
00
00
00
00
00
00
00

$ 1 1 2,198 75

$112,930 00

$ 5,000

$5 ,1 5 0 00

$5,231 25

$10,000

$ 10,400 00

$10,0 0 0 00

.

Boston Term inal Com pany Bonds.
Boston Terminal Company 3^s,

00
00
00
00
00
00
00
00

$ 1 1 4,000

Street Railw ay Bonds.
Boston Elevated R ailw ay Company 4s,

Estimated
Market Value.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

Amount.

$ 8,227 49
15,000 00

2l¿ per cent.
4 f per cent.

$32,500 00
5,000 00

R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

Amount.

5 per cent.
5J per cent.

$212,121 50

O t h e r w is e : —
.
.
.
.
.

Y

d u r in g

Y

op

E x a m in a t io n , A pr il 13.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

69,779 14

195
205,421 50
190
21 ,0 5 6 14

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, 2 per cent.,
June 1906, 2 per cent.,
D ate

96 ,9 4 3 41
1,321

ear,

( e x c l u s iv e op T a x e s ) : —
Salaries.
Other Expenses.
$1 ,4 5 0 00
$ 272 59
A m ount paid during year,
.0
0
3
2
8
.0 0 0 6 2
Percentage to total assets,
fo r

1,789

256
157
1,670

S t a t is t ic s op L o a n s : —
Num ber not exceeding $3,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

per cent.

$ 4 ,8 0 0 00
5 ,7 0 0 00

.

D e p o s it A c co u n t s : —
Num ber opened during year,
N um ber closed during year,
Total number O ct. 31, 1 9 0 6 ,.

G ross I n c o m e

6

or

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
Num ber of withdrawals during year,
A m ount of same,

T o ta l E x p e n s e s

Rate.

Rate.

Total.
$ 1,722 59
.0 0 3 9 0
$6,771 30
7,026 12

13,797 42

No. 8.]

BANK COMMISSIONER.

149

FRANKLIN SAVINGS BANK —BOSTON.
Ja m e s E . W

h it n e y ,

President.
J o h n H . S t u r g is , Treasurer.
E d g a r G . F is h e r , Clerk of the Corporation.

Investment Committee:

Ja m e s E . W h it n e y , J. H o m e r P ie r c e , H e n r y W . H a r t ,
Ja m e s A r t h u r J a c o b s , E d m u n d D . C o d m a n , I sa a c W . C h ic k .

Incorporated March 15, 1861.

Open for business every business day, 9

a .m .

to 2

p .m .

Deposits^ commence to draw interest the first day of February, M ay, August and
Novem ber. Dividends are payable the first d ay of February and A ugust.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Liabilities.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad b on d s,.
.
. . .
Boston Terminal Company bonds,
Loan on public funds,
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
T axes paid on m ortgaged prop­
erty,
.................................................
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 ,2 4 0 ,5 0 0
197,250
1 ,9 3 1,750
300.0 0 0
25 ,0 0 0
2 0 0 .0 0 0
160,000
5,892 ,5 7 0
3 ,0 3 3 ,5 0 0
24 ,3 6 8
2 1 0 ,0 0 0

00
00
00
00
00
00
00
00
00
41
00

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

$1 2 ,6 5 5 ,4 5 6 38
610,0 0 0 00
76,246 50
125,854 13

79 66
247,849 54
4,689 40
$ 1 3 ,467,557 01

C ash o n D e p o sit in B a n k s , A m o u n t
B a y State Trust Company, Boston,
First National Bank, Boston,
Second National Bank, Boston,
National Shawm ut Bank, Boston,

$ 1 3 ,467,557 01

E ach

in

$52,1 0 4
59,211
78,260
58,273

L o a n o n P u b l ic F u n d s : —
$29,0 0 0 Massachusetts 3s,

$25,000 00

L o a n s o n R a il r o a d B o n d s , A m o u n t
$110,000 Boston & Maine R .R . 4s,
105,000 Fitchburg R .R . 4s,

Schedule

of

45
01
59
49

E ach

on

$100,000 00
100,000 00

Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3 J s ,.
C ity of Altoona, Pa., 4 s ,.
Belfast, M e., 4s, .
Boston, Mass., 4s,
Central Falls, R . I., 4s,
Chicago, 111., 4s, .
Grand Rapids, Mich., 4s,
Indianapolis, Ind., 4s,
Kansas City, Mp., 4-|s,
Lynn, Mass., 4s,
.
Milwaukee, W is., 3Js, .
Minneapolis, Minn., 4s,
New Bedford, Mass., Sirs,
Newton, Mass., 4s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.
.

.
.

.
.

.

.

.

$175,000
65,000
25,000
150,000
50,000
50,000
20,000
50,000
100,000
4 6,500
65,500
50,000
10,000
4 3,000

$175,2 5 0
65,975
2 5 ,250
152,250
5 1 ,000
5 0 ,250
2 0 ,000
5 1 ,000
104,000
46 ,5 0 0
63,535
5 0 ,500
9 ,800
43 ,6 4 5

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$175,000
6 5,000
2 5,000
150,000
5 0,000
5 0,000
2 0,000
5 0,000
100,000
46 ,5 0 0
6 5 ,500
5 0 ,000
10,000
43 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00

[Pub. Doc

REPORT OF TIIE

150

Franklin Savings Bank — Continued.
Par Value.

Schedule of Securities Owned .

Public Funds — Concluded.
City of Northam pton, Mass., 4s,
Rutland, V t., 4s,
.
.
.
St. Albans, V t., 4s,
W aterbury, Conn., 4s,
.
.
W oonsocket, R . I., 4s,
T ow n of Brookline, Mass., 31s,
Spencer, Mass., 4s,
.
.
.

.
.

.

$70,000
2 7,000
16,000
2 5 ,000
100,000
2 2,500
8 0,000
$ 1 ,2 40,500

Estimated
Market Value.

Book Value.

$ 70,000
27,355
16,080
2 5,125
100,500
2 2 ,050
8 0 ,400

$70,000
27,000
16,000
2 5,000
100,000
2 2 ,500
80 ,0 0 0

00
00
00
00
00
00
00

00
00
00
00
00*
00
00

$1,2 5 0 ,4 6 5 00 $ 1 ,2 40,500 00

Bank Stocks.
41
93
50
100
142
97
79
201
355
20
200
80
132
138
42

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
Boylston National Bank, Boston,
Commonwealth Trust Co., Boston,
First National Bank, Boston, .
Fourth National Bank, Boston,
Freemans National Bank, Boston,
N a t’l B ank of Commerce, Boston, .
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
National Union Bank, Boston,
Old Boston National Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
W ebster & A tlas N a t’l Bank, Boston,
Naum keag National Bank, Salem, .

$4,100
9,300
5,000
10,000
14,200
9,700
7,900
20,100
3 5,500
2,000
20,000
8 ,000
13,200
13,800
4,200
$177,000

$ 5,945
9 ,300
9 ,000
2 9,500
2 0,874
11,155
12,640
3 2,160
9 6,915
3 ,600
2 2,000
17,840
19,668
20,4 2 4
6 ,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$317,321 00

$ 4,100
9 ,3 0 0
7,500
10,000
14,200
9 ,700
7,900
2 0,100
5 3,250
2 ,000
20 ,0 0 0
8 ,000
13,200
13,800
4 ,2 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
Ò0

$197,250 00

Railroad Bonds.
Boston & A lb an y R .R . 3^-s,
.
.
.
.
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4-J-s,
.
.
.
.
Boston, Revere Beach & Lynn R .R . 41:s, .
Chicago, Burlington & Quincy R .R . 3-|s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 3^s, .
Concord & Claremont R .R . 4^s,
Erie & Pittsburgh R .R . 3^s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 4Js,
.
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
Illinois Central R .R . 4s, .
N ew Y o rk Central & Hudson River R .R . 3^s, .
N ew Y ork, & New England R .R . (terminal) 4s,
N ew York, New H aven & Hartford R .R . 4s,
Norwich & W orcester R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
Penobscot & Shore Line R .R . 4s,
Peterborough & Hillsborough R .R . 4-J-s, .
St. Johnsbury & Lake Champlain R .R . 5s,

$50,000
50.000
100,000
100,000
100,000
50,000
137,000
200,000
100,000
50,000
4 4,000
56,000
100,000
50,000
200,000
50,000
275,000
50,000
75,000
25,000
25 ,0 0 0
50,000
$ 1 ,9 37,000

$48,500
5 0,750
101,000
112,000
108,000
4 6,000
136,630
192,000
103,500
4 7,500
44 ,8 8 0
58,240
9 2 ,000
51,000
187,000
5 3,000
277,250
5 0,750
7 6,500
2 5,250
2 6,125
6 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$50,000
5 0,000
100,000
100,000
108,000
4 4,750
137,000
200,000
100,000
5 0,000
44 ,0 0 0
56,000
92 ,0 0 0
5 0 ,000
2 00,000
50,000
2 75,000
5 0,000
7 5,000
25,000
25,0 0 0
50,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,9 47,875 00 $ 1 ,9 31,750 00

Boston Terminal Com pany Bonds.
Boston Terminal Com pany 3-§s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$300,000

* A legal investment when made.

$312,000 00

$300,000 00

No. 8.]

BANK COMMISSIONER

151

Franklin Sayings Bank — Concluded.
Total Am ount of Loans at Specified Rates of Interest.
Amount.

$110,377
137,471
496,3 5 0
99 ,5 0 0
100,000
2,419 ,5 0 0

Rate.

94
60
00
00
00
00

2

Amount.

per cent.

Rate.

$159,300
2 5 .000
2 5 .000
1,832,400
973,0 0 0
2,654 ,4 5 5

00
00
00
00
00
00

4 f per
4 § per
4 2a0per
4 ) per
4 f per
5 per

R e a l E sta t e fo r B a n k in g P u rp o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

:—
.
.
.

.
.

2% per cent.
3J
3f
3§
4

per
per
per
per

cent.
cent.
cent.
cent.

cent.
cent.
cent.
cent.
cent.
cent.

Amount.

$20,000
7 ,500
239,915
6 5,000
1 94,150

Rate.

00
00
00
00
00

5f
5f
5f
5f
6

148,000 00

.

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W ithdraavals : —
Num ber of deposits during year, .
.
.
Am ount of same,
.
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.
D e p o sit A c counts : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1906,

.
.

.
.

.

.

S ta t ist ic s of L o an s : —
Num ber not exceeding $ 3,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

for

Y

d u r in g

ear

Y

15,550
.
15,110

1,759 ,0 0 3 19

2,226
1,590
23,458
266
624,883 00
635
543,707 52

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$20,2 5 6 63
$6,161 65
.
.0 0 1 5 0
.0 0 0 4 5

D iv id e n d s d ecl a r e d d u r in g Y e a r : —
February, 1906, I f per cent.,
.
August, 1906, I f per cent., .
.
of

220 02

ear,

Am ount paid during year,
Percentage to total assets,

D ate

2 4,368 41
2 3,900 00

1 ,729,722 41

.
.

E x a m in a t io n , S e p t e m b e r 12

cent.
cent.
cent.
cent.
cent.

$210,000 00
210,000 00

.
.
.

per
per
per
per
per

.
.
and

.
.

.
.

Total.
$26,418 28
.0 0 1 9 5
$206,276 60
2 10,659 29

416,9 3 5 89

13.

FRANKLIN SAVINGS INSTITUTION — GREENFIELD.
H e n r y F. N a s h , President.
C h ar l e s A l l e n , Treasurer.
F r a n k l in R . A l l e n , Clerk of the Corporation.

Investment Committee : H e n r y F . N a s h , Jo seph W . S t e v e n s , J o seph G r is w o l d ,
L u c iu s N im s .
Incorporated April 2, 1834.

Open for business every business day, 9

a .m .

to 3

p.m .

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

152

[Pub. Doc

Franklin Savings Institution — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities .

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds,
Street railwav b o n d s,.
Loans on public funds,
Loans on bank stocks,
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Expense account,
Prem ium account,
Suspense account,
Deposits in banks, on interest,
U npaid interest,
Cash on hand, .
.
.
.

$ 5 7 5 ,0 0 0
4 7 ,0 0 0
1,2 5 0 ,0 0 0
1 25,000
9 0 ,0 0 0
2 1 ,8 0 0
50 ,0 0 0
117,425
2 ,2 8 3
1,893,409
1,8 4 8 ,3 5 0
16,422
3 ,010
24 ,0 2 6
3 ,9 2 8
2 16,607
5,516
1,731

00
00
00
00
00
00
00
00
89
26
00
59
48
25
20
92
29
90

$5,9 2 7 ,6 2 0 84
3 0 0 ,0 0 0 00

Deposits,
G uaranty fund, .
Profit and loss account,
Interest account, .
Due on mortgage
loans,

8 ,0 1 4 74
5 5,376 20
500 00

$ 6,291,511 78

$ 6,291,511 78

C a sh o n D e p o sit in B a n k s , A m o u n t in .E ach : —
State National Bank, Boston,
First National Bank, Greenfield, .
Franklin County National Bank, Greenfield, .

$ 1 1 7,014 13
84 ,5 9 3 79
15,000 00

L o an s o n P u b l ic F u n d s , A m o u n t o n E ach : —
$50,000 Massachusetts 3s,
.
.
.
.
6 0.000 Massachusetts 3s,

$ 4 0 ,0 0 0 00
5 0,000 00

L o a n s o n B a n k S t o c k s , A m o u n t o n E ac h : —
110 shares H om e National Bank, H olyoke,
.
60 shares H om e National Bank, H olyoke,
48 shares First National Bank, Greenfield,
20 shares Crocker National Bank, Turners Falls,
L o an s o n R a il r o a d B o n d s , A m o u n t
$26,000 Fitchburg R .R . 4s, .
.
27.000 Fitchburg R .R . 4s,
.

$10,000 00
5 .0 0 0 00
4 ,8 0 0 00

2.000 00

E ach : —
.
.
.
.

on

Par Value.

Schedule of Securities Owned .

$ 2 5 ,0 0 0 00
25 ,0 0 0 00

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 4s,
.
.
.
Brockton, Mass., 5s,
Chicago, 111., 4s,
.
.
.
D ayton, O., 5s, .
.
.
Grand Rapids, Mich., 5s,
Hartford, Conn., 4s,
Kansas City, M o., 4s, .
Lynn, Mass., 4s,
.
.
.
Milwaukee, W is., 5s,
Peoria, 111., 4-J-s, .
.
.
.
Springfield, O., 5s,
.
.
.
Tow n of Attleborough, Mass., 4s,
Chatham, Mass., 4-Js,
Marblehead, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.
.

$100,000
2 3 ,000
150,000
50,000
50,000
2 5,000
2 5,000
10,000
2 8,500
2 5,000
2 5,000
30 ,0 0 0
4 ,0 0 0
2 9,500

$ 1 0 5,000
23 ,8 0 5
151,125
52 ,7 0 0
51 ,0 0 0
25 ,0 0 0
25 ,2 5 0
10,000
28 ,9 5 2
25 ,0 0 0
2 5 ,2 0 0
31 ,2 0 0
4 ,0 0 0
29 ,5 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 5 7 5,000

$ 5 8 7,732 00

$1 0 0 ,0 0 0
23 ,0 0 0
150,000
50 .0 0 0
50 ,0 0 0
2 5 ,0 0 0
2 5 ,0 0 0
10,000
2 8 ,5 0 0
25 ,0 0 0
25 ,0 0 0
30 ,0 0 0
4 ,0 0 0
29,5 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$5 7 5 ,0 0 0 00

No. 8.]

BANK COMMISSIONER.

153

Franklin Savings Institution — Continued.
Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

Faneuil H all National Bank, Boston,
National Bank of Commerce, Boston,
W ebster & A tlas N a t’l Bank, Boston,
First National Bank, Greenfield,
Franklin County N ’l Bk., Greenfield,
North Adam s N a t’l B k., N o. Adam s,
First National Bank, N orth am p ton ,.
Hampshire County National Bank,
Northam pton,
.
18 shares Pittsfield National Bank, Pittsfield, .

$500
15,300
3 ,400
14,000
2 .500

O
o

shares
shares
shares
shares
shares
shares
shares
shares

m
Ol

Bank Stocks.
5
153
34
140
25
10
45
40

4 .500

$725
24,480
5,032
2 1 ,000
2 ,625
1,150
5 ,850

00
00
00
00
00
00
00

15,300
3 ,400
14,000
2,500
1,000
4 ,5 0 0

00
00
00
00
00
00
00

4 ,0 0 0
1,800

4 ,200
2,916

00
00

4 ,0 0 0
1,800

00
00

$47,000

$67,978

00

$47,000

00

$50,000
5 0.000

$51,500
5 6.000
123.000
204.500
25.750
27.750
50.500
153.000
60.000
115.000
51.750
53.000
253.500
2 5.500
2 5.000
51.750

00
00

$50,000 00
50.000 00

00

100,000 00
200,000 00

00

2 5.000
2 5.000
5 0.000
150.000
50.000

1,000

Railroad Bonds.
Boston & Maine R .R . 4s,
.
Boston & Maine R .R . 4-Js,
.
Chicago & Northwestern R .R . 7s,
Chic., Burlington & Quincy R .R . 4s,
Connecticut & Passumpsic Rivers R .R . 4s,
D anbury & Norwalk R .R . 5s,
.
Fitchburg R .R . 4s,
.
Illinois Central R .R . 4s,
.
Kalam azoo, Allegan & Grand Rapids R .R . 5s, .
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew England R .R . 4s, .
N ew Y o rk & New England R .R . (terminal) 4s,
N ew Y ork, New H aven & Hartford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
Sullivan County R .R . 4s,
.
.
.
.
Verm ont Valley R .R . 5s,

100,000
200,000
25.000
25.000
50.000
150.000
50.000

100.000
50.000
50.000
250,000
25.000
25.000
50.000
$ 1 ,2 50,000

00
00
00
00

00
00
00
00
00
00

00
00

00
00
00
00
00

100.000 00
50.000 00
5 0.000 00

250,000 00
2 5.000 00
2 5.000 00
50.000 00

$1,3 2 7 ,5 0 0 00 $ 1 ,2 5 0 ,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
W e s t E nd Street R ailw ay Co. 4s,

$ 100,000
2 5,000

$102,000 00

$100,000 00

2 5 ,0 0 0 00

25,0 0 0 00

$125,000

$ 1 2 7,000 00

$1 2 5 ,0 0 0 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$201,607
492,1 5 0
2 01,175
7 51,320

Rate.

92
00
00
00

2-J
4
4J
4^

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$516,500
5 0.000
1,715,623
77.000

R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

Rate.

00
00
15
00

per
per
per
per

cent.
cent.
cent.
cent.

$169,500
25 .0 0 0
10.000
3 0 ,0 0 0

Rate.

00
00
00
00

O t h e r w is e : —
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4f
4-|
5
5£

Amount.

5J
5f
5f
6

per
per
per
per

cent.
cent.
cent.
cent.

$16,4 2 2 59
2 1,390 00
7,614

.

649,836 29
6,232

.

7 3 6 ,9 3 0 95

[Pub. Doc

REPORT OF THE

154

Franklin Savings Institution — Concluded.
D e p o s it A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

S t a t is t ic s op L o an s : —
Num ber not exceeding $ 3 ,000 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n se s

d u r in g

Y

$59 3 ,2 2 4 95

.
467

269,5 8 0 15

for

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, I f per cent.,
of

402
.
.

ear,

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$8,791 63
$1 ,2 2 3 12
Am ount paid during year,
.0 0 1 4 0
.0 0 0 1 9
Percentage to total assets,

D ate

1,244
906
11,754

E x a m in a t io n , J u n e 25

and

Total.
$ 1 0 ,0 1 4 75
.0 0 1 5 9
$113,869 81
102,131 85

216,001 66

26.

GARDNER SAVINGS BANK — GARDNER.
C h ar l e s W . C o n a n t , President.
J oh n D . E dg ell , Treasurer.
F r a n c is S. W h it t e m o r e , Clerk of the Corporation.

Investment Committee: Ch ar l e s W . C o n a n t , E u c lid L . B r o o k s , E zr a O sgood ,
S. W . A . S t e v e n s , A lec E . K n o w l t o n .
Incorporated M ay 26,

1868. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays close at 12 m .

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

L

.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad b o n d s,.
Street railway bonds,
Loans on public funds,
Loans on "bank stocks,
• .
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Expense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$135,185
100,400
481,998
65.0 0 0
65.000
31,2 0 0
5 0.000
115,550
9 14,377
918,992
2 ,545
101,756
2 ,146
2,999

50
00
75
00
00
00
00
00
02
28
58
54
46
39

$2,987,151 52

C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
A thol National Bank, Athol,
First National Bank, Boston,
First National Bank, Gardner,
W estm inster National Bank, Gardner, .
Northam pton National Bank, Northam pton, .
Springfield National Bank, Springfield, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ia b il it ie s

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .
Suspense account,

.

$ 2 ,7 92,813 28
133,500 00
2 3,215 57
37,277 24
345 43

$2,987,151 52

$5,000 00
34,648 79
38,146 46

10,000 00
10,000 00
6,107 75

BANK COMMISSIONER,

No. 8.]

155

to

P u b lic F u n d s , A m o u n t o n E a c h : —
City of Boston, Mass., 4s, .
Tow n of North Kingston, R . I., 4s,
City of Hartford, Conn., 3^s,
.
.
Tow n of Berlin, N . H ., 4s,
.
.
City of Gloucester, Mass., 4s,
.
.
City of New Bedford. Mass., 4s, .
City of Quincy, Mass., 4s, .
City of Concord, N . H ., 3-Js,
.
.

Oi

L o an s o n
$4,000
22.000
16.000
1.000
10.000
12.000
3 .000
2 .000

.
.
.

00

15,000 00

.
.
.

25,000 00
.

.

L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
10
shares W estm inster National Bank, Gardner, .
5 shares W estm inster National Bank, Gardner, .
200 shares Traders National Bank, Lowell,
100 shares Fourth National Bank, Boston,

$800
400
20,000
10,000

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E ach : —
$29,000 Portland & Ogdensburg R .R . 3-J-s,
1.000 Chicago, Burlington & Quincy R .R . 3^s,
11.000 New Y ork Central R .R . 3 |s,
.
.
.
.
1.000 New Y ork New Haven, & Hartford R .R . 3^s,
3 .000 Northern Maine Seaport R .R . 5s,
1.000 New Y ork, New H aven & Hartford R .R . 4s,
2 .000 Fitchburg R .R . 4s, .
.
.
.
.
.
9 ,500 City of H olyoke, Mass., 3 -J-s,
.
.
.
.

Par Value.

S c h e d u l e o r S e c u r it ie s O w n e d .

o
o
o

Gardner Savings Bank — Continued.

00
00
00
00

$25,000 00

25,000 00

Estimated
Market Value.

Book Value.

Public Funds.
U nited States 4s, .
County of Aroostook, Me., 4£s,
City of Alleghany, Pa., 4s,
.
Burlington, V t., 4s,
Chicago, 111., 4s,
.
Haverhill, Mass., 4s,
.
New Britain, Conn., 4s,
Scranton, Pa., 4-Js,
.
Sioux City, Iowa, 4^s,
Town of Somersworth, N . H ., 4s,

.

.

.

.
.

.
.

.
.

.

.

.

$1,100
10,000
15,000
10,000
10,000
10,000
11,000
16,000
26,000
25,000
$134,100

$1,127
10,250
15,412
10,250
10,012
10,200
11,165
16,520
2 6 ,000
2 5 ,437

50
00
50
00
50
00
00
00
00
50

$136,375 00

$1,100
10,000
15,673
10,412
10,000
10,000
11,000
16,000
2 6,000
2 5 ,000

00
00
00
50
00
00
00
00
00
00

$135,185 50

Bank Stocks.
18
3
15
50
20
25
20
10
50
26
80
5
54
5

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

8 shares
29 shares
30 shares
326 shares
12 shares
100 shares

Miller’s River National Bank, Athol,
First National Bank, Barre,
Continental N a t’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Mechanics Trust Company, Boston, .
Merchants National Bank, Boston, .
Metropolitan National Bk., Boston, .
National B ’k of the Republic, Boston,
National Exchange Bank, Boston, .
National Shawmut Bank; Boston,
New England N a t’l Bank, Boston, .
State National Bank, Boston, .
Connecticut R iver National Bank,
Charlestown, N . H .,
First National Bank, Clinton, .
Rollstone National Bank, F itchb urg,.
Fitchburg Safe Deposit & Trust Co.,
Fitchburg, .
.
.
.
.
First National Bank, G ardner,.
Leominster N a t’l Bank, L eom inster,.
Orange National Bank, Orange,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,800
300
5,000
2,000
2,500
2,000
1,000
5,000
2,600
8,000
500
5,400
500
800
-

3,000
32,600
1,200
10,000

$ 3,060
300
75
10,000
5,900
2,925
4 ,200
1,190
8 ,250
4 ,160
2 1,840
700
8 ,046

00
00
00
00
00
00
00
00
00
00
00
00
00

500 00
1,000 00
145 00
4 ,500
35,860
1,500
18,500

00
00
00
00

$1,800
300
5 ,000
2 ,000
2,500
2 ,000
1,000
5,000
2,600
8,000
500
5 ,400

00
00
00
00
00
00
00
00
00
00
00
00

500 00
800 00
3 ,000
3 2,600
1,200
10,000

00
00
00
00

156

KEPOKT OF THE

[Pub. Doc.

Gardner Savings Bank — Continued.
Par Value.

S c h e d u l e ob S e c u r it ie s O w n e d .

Bank Stocks — Concluded.
34 shares Crocker N a t’l Bank, Turners Falls,
100 shares First National Bank, W inchendon,
28 shares Mechanics N a t’l Bank, W orcester,

Estimated
Market Value.

Book Value.

$3,400
10,000
2 ,800

1,760 00
15,000 00
3 ,080 00

1,400 00
10,000 00
2 ,800 00

$100,400

$155,491 00

$100,400 00

Railroad Bonds.
Beech Creek R .R . 4s,
Boston & Maine R .R . 4s,
.
.
.
Boston, Revere Beach & Lynn R .R . 4|s, .
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago, Burlington & Quincy R .R . 5s,
Chicago & Northwestern R .R . 7s,
Connecticut R iver R .R . 3-Js, .
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 4£s,
.
.
.
.
Grafton & U pton R .R . 4s,
Illinois Central R .R . 3-jS,
Maine Central R .R . 4s, .
Maine Central R .R . 7s, .
Maine Shore Line R .R . 6s,
Milwaukee, Lake Shore & W estern R .R . 6s,
New Y ork Central & Hudson R iver R .R . 3-js,
N ew Y ork & New England R .R . (terminal) 4s,
N ew Y ork , New H aven & Hartford R .R . 4s,
Northern Maine Seaport R .R . 5s,
Old Colony R .R . 4s,
.
.
.
Penobscot Shore Line R .R . 4s,
Portland & Rum ford Falls R .R . 4s, .
Princeton & Northwestern R .R . 3 y S ,
Sioux City & Pacific R .R . 3J)s,
Upper Coos R .R . 4s,

$10,000
10,000
2 5,000
24,000
20,000
30,000
3,000
5,000
4 6,000
3 ,000
2 6,000
50,000
5,000
6,000
25,000
10,000
10,000
10,000
80,000
15,000
10,000
15,000
10,000
10,000
10,000
15,000

$ 10,200
10,300
2 6 ,750
2 2 ,200
20,500
32,400
3,367
4 ,750
46,398
3 ,090
19,500
4 5,750
5,000
6,840
30,750
12,575
9,400
11,300
81,000
16,725
10,350
15,337
10,200
9 ,400
9 ,250
15,000

00
00
00
00
00
00
50
00
75
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00

$ 10,000
10,000
25,000
2 2,600
2 0,000
3 0,000
3,000
4 ,987
46 ,0 0 0
3,000
2 6,000
47,437
5,000
6,000
25,000
10,000
9 ,850
10,000
81,655
17,193
10,000
15,000
10,000
9,775
9 ,500
15,000

00
00
00
00
00
00
00
50
00
00
00*
50
00
00
00
00
00
00
00
75
00
00
00
00
00
00

$483,000

$488,333 75

$481,998 75

$10,000
25,000
3 0,000

$ 10,225 00
2 5,250 00
3 0,825 00

$10,000 00
2 5,000 00
30,000 00

$65,000

$ 66,300 00

$65,000 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
Springfield Street Railw ay Co. 4s,
W e s t E nd Street R ailw ay Co. 4s,

* A legal investment when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$34,648
32,107
40 .0 0 0
93 ,5 5 0
14.000

Rate.

79
75
00
00
00

2J
3
3^
4
4j

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

Amount.

$ 2 4 8,200
85.0 0 0
2 5.000
1,442 ,6 7 3

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
Num ber of withdrawals during year,
A m ount of same,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

00
00
00
96

4^
4f
4-J
5

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$60,000
35 .0 0 0
76,695
10.000

Rate.

00
00
34
00

5^
5^
6
6J

per
per
per
per

cent.
cent.
cent.
cent.

7,464
$519,267 05
3,873
431,673 42

No. 8.]

BANK COMMISSIONER.

157

Gardner Savings Bank —Concluded.
D e p o s it A cco u n ts : — ■
Num ber opened during year,
N um ber closed during year,
Total number Oct. 31, 1906 ,.

1,237
770
7,418

S t a t ist ic s of L o an s : —
Num ber not exceeding $ 3,000 each,
726
A m ount of same,
.
.
.
.
.................................................$8 0 9 ,2 4 0 03
Num ber of loans secured b y mortgage of real estate,
.
682
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

ear,

.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $ 5,680 00
$2 ,1 2 3 40
Percentage to total assets, .
. 00190
.0 0 0 7 1
fo r

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, 2 per cent.,
D ate

of

.

.

133,242 16

ear

E x a m in a t io n , M a y 16

and

Total.
$ 7 ,803 40
.0 0 2 6 1
$ 5 0 ,3 2 0 73
52,459 48

102,780 21

17.

GEORGETOWN SAVINGS BANK — GEORGETOWN.
S h e r m a n N e l s o n , President.
G eo r g e S. W

E d w a r d S. F ic k e t t , Treasurer.
esto n ,

Clerk

of

the Corporation.

Investment Committee: Ch a r l e s E . T y l e r , S h e r m a n N e l s o n , S a m u e l T . P o o r .
Incorporated M ay 26, 1868.
Open for business every business day except Saturdays,
9 a . m . to 2 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the fourth W ednesday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Deposit in bank, on interest,
D eposit in bank, not on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$89,6 1 2
11,950
106,178
1,103
4 1 6 ,5 1 8
47 ,7 2 2
2 2 ,5 3 6
11,857
2 ,0 0 0
6,982

50
00
75
75
82
48
65
48
00
70

$ 7 1 6 ,4 6 3 13

C a sh o n D e p o sit in B a n k : —
Georgetown National Bank, Georgetown,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
Guaranty fund,
Interest account, .

$676,707 08
3 7,000 00
2 ,756 05

$716,463 13

$13,857 48

REPORT OF THE

158

[Pub. Doc

Georgetown Savings Bank — Continued.
Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
City of Altoona, Pa., 4 s ,.
Boston, Mass., 4s,
.
Chicopee, Mass., 4s,
.
Cleveland, O . , 4s,
.
Grand Rapids, Mich., 4s,
Johnstown, Pa., 3^s, .
Kansas City, M o., 4^s,
Marlborough, Mass., 4s,
Medford, Mass., 4s,
Milwaukee, W is., 5s,
Minneapolis, Minn., 4^s,
New Bedford, Mass., 4s,
Tow n of Methuen, Mass., 4s, .

.

$6,000
5 ,000
1,000
16,000
5,000
5,000
15,000
1,000
4 ,000
10,000
5,000
5,000
10,000

.
.
.

.
.

.
.

.

.

.

.

.

.

$ 6,150
5 ,112
1,040
16,180
5 ,000
4 ,7 0 0
15,825
1,032
4 ,0 0 0
10,150
5 ,225
5 ,212
10,325

00
50
00
00
00
00
00
50
00
00
00
50
00

$ 6,000
5 ,000
1,000
16,000
5 ,000
5 ,1 0 0
16,512
1,000
4 ,0 0 0
10,000
5 ,000
5 ,000
10,000

00
00
00
00*
00
00
50
00
00
00
00
00
00

$88,000

$89,9 5 2 50

$89,6 1 2 50

$5,000
2 ,000
5 ,000

$5 ,0 0 0 00
2 ,000 00
5 ,000 00

$4 ,9 5 0 00
2 ,0 0 0 00
5 ,000 00

$12,000

$12,0 0 0 00

$11,9 5 0 00

$10,000
5,000
10,000
4,000
12,000
15,000
10,000
14,000
5,000
5,000
5,000
5,000
3 ,000
3,000

$10,3 0 0
4 ,7 5 0
9 ,625
4 ,0 8 5
12,224
12,000
9 ,200
14,420
5 ,262
5 ,750
4 ,8 1 2
5 ,225
3 ,0 6 0
3 ,2 8 0

$ 10,000
5,187
10,137
4 ,0 0 0
12,000
13,575
9,800
15,360
5,000
5,000
5 ,118
5,000
3 ,000
3,000

Bank Stocks.
50 shares Georgetown N a t’l Bank, Georgetow n,.
20 shares First National Bank, Ipswich, .
50 shares Essex National Bank, Haverhill,

Railroad Bonds.
Bennington & Rutland R .R . 4£s,
Boston & A lb an y R .R . 3-Js,
.
.
.
.
Boyer Valley R .R . 3 j S , .
.
.
.
.
Concord & Montreal R .R . 4s, .
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3 )s,
.
.
.
.
Illinois Central R .R . 4s,
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 7s, .
Minnesota & Iowa R .R . 3^s, .
.
.
.
New Y o rk & New England R .R . (terminal) 4s,
Upper Coos R .R . 4s,
.
.
.
.
U pper Coos R .R . 4^s,

00
00
00
00
00
00
00
00
50
00
50
00
00
00

00
50
50
00
00
00
00
00
00
00
75
00
00
00

$106,000

$ 1 0 3,994 00

$106,178 75

$1,000

$1,1 0 0 00

$ 1 ,1 0 3 75

Street Railway Bonds.
Hoosac V alley Street R ailw ay Co. 5s,

* A legal investment when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$11,857 48
3 47,495 08

Rate.

3
5

per cent.
per cent.

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

$ 7,840 00
107,406 24

5^ per cent.
6 per cent.

Amount.

Rate.

$ 1,500 00

O t h e r w is e : —
.
.
.
.
.

7

per cent.

or

$22,536 65
17,345 00

.

D e po sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
Am ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

Amount.

640
53,929 71

.
955
.

83,915 13

No. 8.]

BANK COMMISSIONER.

159

Georgetown Savings Bank — Concluded.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.
.
.

.
.
.

.
.
.

.

.

S ta t ist ic s o f L o an s : —
Num ber not exceeding S3,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

Y

d u r in g

of

$ 3 9 2,516 80
352
35,889 12

ear

D iv id e n d s d ecl a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
October, 1906, 2 per cent., .
D ate

378

Y ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $ 1 ,300 00
$900 50
Percentage to total assets, .
. 00181
.0 0 1 2 7
for

84
126
2,033

Total.
$2,209 50
.0 0 3 0 8
$11,526 25
13,031 20

24,557 45

E x a m in a t io n , Ju n e 22.

GRAFTON SAVINGS BANK — GRAFTON.
A l b e r t L . F is h e r , President.
J o seph A . D o d g e , Treasurer.
J o seph A . D o d g e , Clerk of the Corporation.

Investment Committee:

A l b e r t L . F is h e r , E d w a r d P. U s h e r , C l a r e n c e
S o lo n F . S m it h , O l iv e r M. W in g .

R . Pr a t t ,

Incorporated March 13, 1869. Open for business every business day except Saturdays,
9 a . m . to 12 m . ; 1.30 to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the fifteenth day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc.,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

.

$5 ,0 0 0
6 ,270
77 .1 0 0
15,000
2 5 2 ,8 9 0
19.100
1,634
3 ,579
1,949

00
00
00
00
00
00
43
06
84

$ 3 8 2,523 33

C a sh o n D e p o s it in B a n k : —
W orcester Trust Company, W orcester, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Due on mortgage
loans,

$ 3 5 8,592 59
11,500 00
5 ,9 4 8 97
5,481 77
1 ,000 00

$ 3 8 2,523 33

$3 ,5 7 9 06

160

REPORT OF THE

[Pub. Doc

Grafton Savings Bank — Continued.
S c h e d u l e o f S e c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

$5,000

$5,000 00

$5,0 0 0 00

$1,000
1,500
2 ,000
570
600

$2,000
4 ,425
2 ,980
570
900

$1 ,0 0 0
2 ,200
2 ,0 0 0
570
500

Book Value.

Public Funds.
City of Chicago, 111., 4s,

.

.

.

.

Bank Stocks.
10
15
20
57
6

shares
shares
shares
shares
shares

Eliot National Bank, Boston,
First National Bank, Boston,
State National Bank, Boston,
Grafton National Bank, Grafton,
Spencer National Bank, Spencer,

$ 5,670

00
00
00
00
00

$10,875 00

00
00
00
00
00

$ 6,270 00

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Boston & Maine R .R . 3^s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3s, .
Maine Central R .R . 4s, .
.
.
.
.
N ew Y ork, New H aven & H artford R .R . 4s,
Northern Maine Seaport R .R . 5s,
Portland & Rum ford Falls R .R . 4s,

$ 5 ,000
5 ,000
10,000
10,000
5,000
2 ,000
16,000
10,000
15,000

$5,950
4 ,800
10,200
10,000
4 ,000
2,010
16,080
11,200
15,000

00
00
00
00
00
00
00
00
00

$ 78,000

$79,240 00

$5,000
5,000
5,000

$5,100 00
4,575 00
5,050 00

$ 15,000

$14,725 00

$ 5 ,0 0 0
4 ,8 0 0
10,000
10,000
4 ,3 0 0
2 ,000
16,000
10,000
15,000

00
00
00
00
00
00
00
00
00

$77,1 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
Boston & Northern Street Railw ay C om pany 4s,
W est E nd Street R ailw ay Com pany 4s,

$5 ,0 0 0 00
5 ,000 0 0 *
5 ,000 00
$ 15,000 00

* A legal investment when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$3,579 06
20,5 0 0 00

Rate.

Amount.

Rate

2 per cent.
4 % per cent.

$180,425 00
13,780 00

5

Amount.

per cent.

Rate.

$ 57,285 00

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.
D e p o s it A cco u n ts : —
N um ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.
.
.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

per cent.

.

$1,634 43
1,870 00
64 4 2

.

.

.

.

.

483
52,206 38
453

.
.
.

48,021 37
.
.

.

.

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

6

5 i per cent.

96
66
798
155
159,840 0 0
152
17,871 3 2

No. 8.]

BANK COMMISSIONER

161

Grafton Savings Bank —Concluded.
T o ta l E x p e n s e s

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $1,000 00
$ 1 ,017 36
Percentage to total assets, .
. 00261
.0 0 2 6 6
fo r

Y

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
July, 1906, 2 per cent.,
D ate

of

Total.
$ 2,017 36
.0 0 5 2 7
$ 6,622 75
6,781 72

$13,4 0 4 47

E x a m in a t io n , A p ril 5.

GRANITE SAVINGS BANK — ROCKPORT.
H e n r y H . T h u r s t o n , President.
N a t h a n ie l R ic h a r d so n , Jr., Treasurer.
N a t h a n ie l R ich ar d so n , Jr., Clerk of the Corporation.

Investment Committee: H e n r y H . T h u r s t o n , G eo r g e A . L o w e , G eo r g e G r if f in ,
Ja m e s A b b o t t , B e n j a m in N . T a r r .
Incorporated March 21, 1884.
Open for business every business day, 9 a . m . to 12
W ednesdays and Saturdays, 2 to 3 p . m .; Saturdays, 6 to 7 p .m .

m;

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the eighth day of April and October.
B a l a n c e Sh e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Stocks, bonds, etc., taken to secure indebtedness, .
Furniture and fixtures,
Deposits in banks, on interest,
Deposit in bank, not on interest. .
Cash on hand, .
.
.
.

$71,0 0 0
4 ,4 0 0
2 4,500
3 ,000
10,100
181,678
16,230

00
00
00
00
00
00
00

5 ,800
300
26 ,5 8 6
1,812
1,481

00
00
79
86
95

Deposits,
G uaranty fund,
Profit and loss account,

$ 3 3 5,012 96
10,425 00
1,451 64

$346,889 60

$346,889 60

C a sh o n D ep o sit in B a n k s , A m o u n t in E ac h : —
Cape Ann National Bank, Gloucester, .
.
.
.
City National Bank, Gloucester, .
.
.
.
.
Gloucester Safe Deposit and Trust Company, Gloucester,
Rockport National Bank, Rockport,
.

Par Value.

S c h e d u l e o p S e c u b it ie s O w n e d .

$ 7,000
5 ,102
14,484
1,812

Estimated
Market Value.

00
12
67
86

Book Value.

Public Funds.
Massachusetts 3 Js, .
.
.
County of Aroostook, M e., 41s,
City of Akron, O., 4^-s, .
.
B a y City, M ich., 4s,
.
Beverly, Mass., 4s,
.
Bridgeport, Conn., 4s, .
Brockton, Mass., 5s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.

.

.
.
.

.
.

.
.
.

.

.

.

$ 2,000
2,000
1,000
1,000
3 ,000
1,000
1,000

$ 2,000
2,020
1,040
1,000
3 ,050
1,010
1,030

00
00
00
00
00
00
00

$2 ,0 0 0
2 ,000
1,000
1,000
3,000
1,000
1,000

00
00
00
00
00
00
00

REPORT OF THE

162

[Pub. Doc

Granite Savings Bank — Continued.
S c h e d u l e o p S e c u r it ie s O w n e d .

P ublic Funds — Concluded.
City of Chelsea, Mass., 4s,
Chicago, 111., 4s,
Chicopee, M ass., 3Js, .
D ayton, O ., 3^s,
D ayton, O ., 4s, .
Everett, Mass., 4s,
Kansas City, M o., 4-1,-s,
Lynn, Mass., 3-jS,
Lynn, Mass., 4s,
Meriden, Conn., 3-J-s,
Middletown, Conn., 3 .6 5 s ,
Milwaukee, W is., 5s,
Pawtucket, R . I., 4s, .
Pittsburgh, Pa., 4s,
Quincy, Mass., 3Js,
Rockford, 111., 4-Js,
Saginaw, Mich., 4s,
Schenectady, N . Y ., 4s,
Sioux City, la ., 4-Js,
South Norwalk, Conn., 4s,
Stoneham, Mass., 4s, .
T roy, N . Y ., 4s, .
W alth am , Mass., 4s,
W aterbury, Conn., 4s,
W oburn, M ass., 4s,
T ow n of Marblehead, M ass., 4s,
Orange, Mass., 4s,
Rockport, M ass., 3|s,
Roclcport, Mass., 4s, .
Swam pscott, Mass., 3Js,

Par Value.

$1,000
5,000
1,000
2,000
1,000
1,000
2 ,000
3 ,000
1,000
2 ,000
1,000
1,000
2 ,000
1,000
1,000
2,000
2 ,000
2 ,000
3 ,000
1,000
3 ,000
2 ,000
1,000
1,000
3 ,000
1,000
2 ,000
4 ,0 0 0
6 ,000
2 ,0 0 0

Estimated
Market Value.

$1,020
5,010
990
1,980
1,010
1,020
2 ,050
2,940
1,010
1,950
1,000
1,010
2 ,040
1,010
985
2,010
2,000
2 ,040
3,000
1,030
3 ,060
2 ,010
1,020
1,010
3 ,000
1,010
2 ,020
4 ,000
6,037
1,900

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Book Value.

$1,000
5,000
1,000
2 ,000
1,000
1,000
2,000
3 ,000
1,000
2 ,000
1,000
1,000
2,000
1,000
1,000
2,000
2,000
2,000
3 ,000
1,000
3,000
2 ,000
1,000
1,000
3 ,000
1,000
2 ,000
4 ,000
6,000
2,000

00
00
00
00
00
00
00
00
00
00
00
00
00 *
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00

$71,0 0 0

$71,322 00

$71,000 00

$ 1,200
1,000

$1,800 00
1,500 00

$1,200 00
1,000 00

1,000
1,200

1,800 00
1,200 00

1,000 00
1,200 00

$ 4,400

$ 6 ,300 00

$4,400 00

$ 2,000
3,000
2 ,000
3,000
7,000
2 ,000
500
4 ,000
2 ,000

$2,040
3,360
1,850
2,850
7,060
1,560
500
3,680
2,040

$2,000
3,000
1,800
2 ,850
7,000
1,550
500
3,800
2,000

Bank Stocks.
12 shares Cape A n n National Bank, Gloucester,
10 shares First National Bank, Gloucester,
10 shares Gloucester Safe Deposit & Trust Co.,
Gloucester, .
.
.
.
.
12 shares Rockport National Bank, Rockport, .

Railroad Bonds.
Boston & Maine R .R . 4s,
Boston & Maine R .R . 4^s,
Chicago, Burlington & Quincy R .R . 3Js, .
Fitchburg R .R . 3^s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
Maine Central R .R . 4s, .
N ew Y ork , New H aven & H artford R .R . 3Js,
O ld Colony R .R . 4s,
.
.
.
.

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

$25,500

$24,940 00

$ 24,500 00

$ 3,000

$3,060 00

$ 3,000 00

Street R ailw ay Bonds.
W e st E nd Street R ailw ay Com pany 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal investm ents when m ade.

No. 8.]

BANK COMMISSIONER.

163

Granite Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

$150 52
14,334 15
1,000 00

Amount.

3 per cent.
3 1? per cent.
3 f per cent.

Rate.

$21,202 12
11,175 00

4
5

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

.

D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

per cent.
per cent.

.

.
.

Amount.

$ 7,790 00
178,943 00

G ross I nco m e

r e c e iv e d

Y

$73,0 6 7 48
917

.

.
.
.

.
.
.
.

.
.
.

d u r in g

Y

5 3,537 85
167
91
1,305

of

1 8 5 ,0 7 8 00
224
16,514 8 0

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
.
October, 1906, 2 per cent., .
.
.
D ate

242

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $ 1,000 00
$433 89
Percentage to total assets, .
.0 0 2 8 8
.0 0 1 2 5
fo r

5| per cent.
6 per cent.

1,537

S t a t is t ic s o f L o an s : —
N um ber not exceeding $3 ,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T otal E x p e n s e s

Rate.

.
.

.
.

Total.
$ 1,433 89
.0 0 4 1 3
$ 5 ,877 05
6 ,207 65

12,084 70

E x a m in a t io n , Ju n e 5.

GREAT BARRINGTON SAVINGS BANK — GREAT
BARRINGTON.
W

il l ia m

C. H i n m a n , President.
C l a r e n c e R . S a b in , Treasurer.
C l a r e n c e R . S a b in , Clerk of the Corporation.

Investment Committee:

W il l ia m C. H i n m a n , O r l an d o C. B id w e l l , W
M e r r it t I. W h e e l e r , A lf r e d S. F a s s e t t .

Incorporated F eb. 3, 1869.

il l ia m

Open for business every business day, 9
1 to 3 P.M.

W . N orton,

a .m .

to 12

m .,

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first Thursday of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

164

[Pub. Doc

Great Barrington Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A sse ts

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway b o n d s,.
Boston Terminal Company bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$ 7 5 ,6 0 0
59,0 4 9
362,6 7 5
59 ,8 5 0
70 ,0 0 0
1,650
13,800
100
497,991
91,9 4 5
35 ,9 7 2
12,590
509

00
26
00
00
00
00
00
00
25
00
59
80
84

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 1 ,2 05,811 25
43 ,5 0 0 00
15,107 21
16,715 28

$ 1 ,2 8 1 ,1 3 3 74

$1,2 8 1 ,1 3 3 74

C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
National Mahaiwe Bank, Great Barrington, .
Pynchon National Bank, Springfield (in liquidation),
Springfield Safe Deposit and Trust Company, Springfield,
L o an s o n B a n k S t o c k s , A m o u n t o n E a c h : —
10 shares National Mahaiwe Bank, Great Barrington,
10 shares National Mahaiwe Bank, Great Barrington,
5 shares National Mahaiwe Bank, Great Barrington,

Par Value.

S c h e d u l e o f S e c u b it if . s O w n e d .

$33,046 88
201 62
15,314 89

.
.
.

$750 00
4 00 00
500 00

Estimated
Market Value.

Book Value.

Public Funds.
City of Bridgeport, Conn., 3-J-s,
Chicago, 111., 4s, .
Youngstow n, O., 4-Js, .

50,000
15,000

$9,850
50,100
16,050

00

50,000 00
15,000 00

$75,000

$76,000

00

$75,0 0 0 00

$600
3 ,500
3,200
1,500
2 ,500
1,400
5,400
5,200
4 ,600
2,400
3 ,600

00

8,700
300

$690
5,075
4 ,640
1,725
5,250
2,520
7,560
6,864
7,360
4,032
4 ,140
162
13,050
495

$ 43,000

$63,563

$ 2 0 ,0 0 0

$23,200 0 0
3 0,800 0 0
9 ,575 0 0
40,097 50
27,900 0 0

$ 1 0 ,0 0 0

.

.

.

00
00

$ 1 0 ,0 0 0

00

Bank Stocks.
6
35
32
15
25
14
54
52
46
24
36
1
87
3

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
share
shares
shares

First National Bank, Adam s,
Atlantic National Bank, Boston,
Faneuil H all .National Bank, Boston,
Freemans National Bank, Boston,
Merchants National Bank, Boston,
National Union Bank, Boston, .
New England National Bank, Boston,
Peoples National Bank, Boston,
N ’l Mahaiwe B ’k, Great Barrington, .
Lee National Bank, Lee, .
North Adam s N a t’l B ’k, North Adam s,
Pittsfield National Bank, Pittsfield .
Chicopee National Bank, Springfield, .
Housatonic N a t’l Bank, Stockbridge,

100

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$873
4 ,663
4,421
1,770
3 ,392
1,890
7,290
6 ,8 9 4
5 ,925
3 ,416
4 ,2 4 8
135
13,680
450

34
75
00
00
50
00
00
00
00
67
00
00
00
00

$59,049 26

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3^s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3 j)s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

30,000
1 0 ,0 0 0

39,000
30,000

$ 2 0 ,0 0 0

00

3 0,000 00
1 0 ,0 0 0

00

3 9,000 00
29 ,9 2 5 00

No. 8.]

BANK COMMISSIONER

165

Great Barrington Savings Bank — Concluded.
Schedule

op

Securities Owned.

Par Value.

Railroad Bonds — Concluded.
Chicago, Burlington & Quincy R .R . 4s,
Connecticut River R .R . 3Js,
Connecticut River R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
N ew York, New H aven & Hartford R .R . 3^s,
N ew Y ork, New H aven & Hartford R .R . 4s,
Northern Maine Seaport R .R . 5s,
Old Colony R .R . 4s,
.
.
.
.
.
W ashington County R .R . 3Js,

$10,000
11,000
9 ,000
4 0,000
3 0,000
45,0 0 0
10,000
55,000
25,000

.

$364,000

Estimated
Market Value.

$10,3 0 0
10,505
9 ,270
40 ,8 3 7
2 7,600
45 ,4 5 0
11,150
5 7,293
22 ,7 5 0

00
00
00
50
00
00
00
75
00

$ 3 6 6,728 75

Book Value.

$10,0 0 0
11,000
9 ,0 0 0
4 0 ,0 0 0
30,0 0 0
4 5 ,0 0 0
10,000
55,0 0 0
23,7 5 0

00
00
00
00
00
00
00
00
00

$36 2 ,6 7 5 00

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
Hoosac V alley ¡Street R ailw ay Company 4s,
Leominster, Shirley & A yer Street R ailway Co. 5s,
L ynn & Boston Railroad Company 5s,
W est E n d Street R ailw ay Company 4s,

$15,000
15,000
10,000
10,000
10,000

$15,4 5 0
15,000
11,050
10,800
10,300

00
00
00
00
00

$60,000

$62,6 0 0 00

$59,8 5 0 00

$70,000

$72,8 0 0 00

$70,000 00

$15,0 0 0
14,850
10,000
10,000
10,000

00
00
00
00*
00

Boston Terminal Company Bonds.
Boston Terminal Company 3-j-s,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$35,7 7 0 97
15,300 00

Rate.

3
4

Amount.

per cent.
per cent.

Rate.

$19,500 00
553,700 00

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A cco u n t s : -—
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1906,

.
.
.

41j per cent.
5

G ross I n c o m e

r e c e iv e d

d u r in g

Y

.

.

.

.

.

.

4,263
$ 3 1 4,918 85

.
.
.

.
.
.

230,3 3 9 27
.
.
.

639
435
3 ,894
218
239,241 25

221

ear,

53,370 34

for

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, I f per cent., .
.
.
July, 1906, I f per cent.,
.
.
.
of

6 per cent.

’ 2,593

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $2,773 00
$ 1,775 32
Percentage to total assets, .
.0 0 2 1 6
.0 0 1 3 8

D ate

$17,187 87

Rate.

per cent.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding S3,000 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n s e s

Amount.

E x a m in a t io n , J u l y 19.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

Total.
$ 4,548 32
.0 0 3 5 4
$17,947 51
18,770 30

36 ,7 1 7 81

166

REPORT OF THE

[Pub. Doc

GREENFIELD SAVINGS BANK - GREENFIELD.
R o b er t A b e r c r o m b ie , President.
W il l ia m F . A i k e n , Treasurer.
S a m u e l D . C o n a n t , Clerk of the Corporation.

Investment Committee:

W il l ia m A . F o r b e s , L e v i J. G u n n , R o b er t A b e r c r o m b ie ,
Ch a r l e s R . L o w e l l , S e o r e m B . S l a t e .

Incorporated March 19, 1869.

Open for business every business day, 9

a .m .

to 3

p.m .

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

L

.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds, .
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Prem ium account,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 8 ,0 0 0
72 ,2 6 0
901,2 4 3
110,000
6 ,9 8 5
69 ,8 5 0
790
1,535,633
4 9 7 ,5 9 6
129,051

00
00
75
00
00
00
00
64
41
50

2 2,000
3 ,1 4 0
10,713
7 ,905
5 4 ,4 3 8
1,267

00
65
13
30
52
31

ia b il it ie s

Deposits,
Guaranty fund, .
Profit and loss account,

$ 3 ,4 30,875 21

.

$3,2 3 9 ,1 6 5 49
159,750 00
3 1,959 72

$ 3 ,4 3 0 ,8 7 5 21

«

C a s h o n D e p o s it i n B a n k s , A m o u n t in E a c h : —
National B ank of Commerce, Boston,
Conway National Bank, Conway, .
.
.
.
Franklin County National Bank, Greenfield, .
L oans
3
4
2
4
65
1
14

$5 ,6 0 5 01
5,000 00
43,833 51

o n B a n k S t o c k s , A m o u n t o n E ac h : —
shares Miller’s R iver National Bank, Athol,
shares Conway National Bank, Conway,
shares First National Bank, Greenfield,
shares First National Bank, Greenfield,
shares First National Bank, Greenfield,
share Franklin County National Bank, Greenfield,
shares Franklin County National Bank, Greenfield,

S

c h e d u l e

o f

Se

c u r it ie s

O

w n e d

.

$250
240
100
400
5,000
25
970

00
00
00
00
00
00
00

Par Value.

Estimated
Market Value.

$8,000

$ 8,100 00

$8 ,0 0 0 00

$7,000
3 ,000
3 ,800
3 ,400
10,000
5,000
6,000
1,200

$ 7,000
2 ,790
3 ,8 0 0
5 ,100
10,500
5 ,850
6 ,900
1,560

$ 7,000
2 ,860
3,800
3,400
10,000
5,000
6 ,000
1,200

Book Value.

Public Funds.
T ow n of Greenfield, Mass., 4 s ,.

Bank Stocks.
70
30
38
34
100
50
60
12

shares
shares
shares
shares
shares
shares
shares
shares

Boylston National Bank, Boston,
South E nd National Bank, Boston, .
Conway National Bank, Conway,
First National Bank, Greenfield,
Franklin County N ’l B ’k, Greenfield,
City National Bank, H olyoke,
North A dam s N ’l B ’k, North Adam s,
First National Bank, N ortham pton,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00

No. 8.]

BANK COMMISSIONER

167

Greenfield Savings Bank — Continued.
S

c h e d u le

o f

Se

c u r it ie s

O

w n e d

.

Par Value.

Estimated
Market Value.

$5,500
6 ,700

$10,175 00
6 ,700 00

B ank Stocks — Concluded.
55 shares Orange National Bank, Orange,
67 shares Palmer National Bank, Palmer,
25 shares Shelburne Falls National Bank, Shelburne Falls,
.
.
.
.
75 shares Chapin National Bank, Springfield,
18 shares Chicopee JNat’i Bank, Springfield,
70 shares First National Bank, Springfield,
36 shares Second National Bank, Springfield,
50 shares Union Trust Company, Springfield,
15 shares Crocker N a t’l B ’k, Turners Falls,
25 shares First National Bank, Westfield,

2,500
7,500
1,800

$ 5 ,500 00
6 ,7 0 0 00

00
00
00
00
00
00
00
00

5 ,000 00
1,500 00
2 ,5 0 0 00

$ 72,400

$91,3 5 5 00

$ 7 2 ,2 6 0 00

$ 50,000
125,000
171,000
50,000
5 0 ,000
50,000
100,000
100,000
100,000
10,000
50,000
50,000
10,000

$43,156
115,942
172,677
5 4,500
5 9,375
5 0,375
80 ,0 0 0
9 2 ,2 5 0
116,500
10,325
5 2 ,156
46 ,6 2 5
9 ,0 5 0

$50,0 0 0
124,600
171,000
50 ,0 0 0
50 ,0 0 0
50 ,0 0 0
9 0 ,4 0 0
9 7,093
100,000
10,000
50 ,0 0 0
4 8 ,7 5 0
9 ,4 0 0

_
-

5,000
1,500
2,500

3 ,625
9 ,000
2 ,700
1,750
180
8 ,2 5 0
2 ,100
3 ,375

Book Value.

2 ,5 0 0 00
7 ,500 00
1,800 00
_

_

Railroad Bonds.
Boston & Maine R .R . 3s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3Js, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . 6s,
Fitchburg R .R . 4s,
.
.
.
.
.
Rlinois Central R .R . 3s. .
Illinois Central R .R . 3^s,
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
New port & Richford R .R . 5s, .
Old Colony R .R . 4s,
.
.
.
.
.
Sioux City & Pacific R .R . 3£s,
W ashington County R .R . 3-Js,

25
50
50
00
00
00
00
00
00
00
25
00
00

$916,000

$902,9 3 2 50

$10,000
50,000
50,000

$ 10,650 00
5 4 ,250 00
5 0 ,625 00

$ 1 1 0,000

$115,5 2 5 00

00
00
00
00
00
00
00
75
00
00*
00
00
00

$901,2 4 3 75

Street Railw ay Bonds.
A th o l & Orange Street R ailw ay Company 5s,
L yn n & Boston Railroad Com pany 5s,
Springfield Street R ailw ay Company 4s, .

.

$10,0 0 0 00
50 ,0 0 0 0 0 *
50 ,0 0 0 00
$ 1 1 0,000 00

* Legal investments when made.

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$ 5,605
4 3,833
5 ,000
7 8 ,250

Rate.

01
51
00
00

2
2-|
3|
4

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$81,900
2 ,000
1,724,101
2 5,000

Rate.

00
00
65
00

4^ per cent.
4 f per cent.
5 per cent,
per cent.

Amount.

$79,900 00
119,703 40

R e a l E s t a t e b y F o r e c lo su r e o r O t h e r w is e : —
Am ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D e p o s it s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
.
.
A m ount of same,
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

5-i per cent.
6 per cent.

$129,051 50
7 6 ,4 5 0 00
1,027 03
4 ,317

.

421,761 65
4 ,069

.

5 2 5 ,3 2 5 73

REPORT OF THE

168

[Pub. Doc

Greenfield Savings Bank — Concluded.
D e p o s it A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
,

.
.
.

.

.
.
.

.

.
.
.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n se s

Y

d u r in g

Y

of

.

$6 9 2 ,5 3 5 76
709
144,924 73

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent, .
.
.
July, 1906, I f per cent.,
.
.
.
D ate

639
.
.

ear,

( e x c l u s iv e o f T a x e s ) : — 1
Salaries.
Other Expenses.
A m ount paid during year, . $ 5,233 92
$2 ,3 7 5 56
Percentage to total assets, .
.0 0 1 5 2
.0 0 0 6 9
for

762
659
7,253

.

.
.

E x a m in a t io n , S e p t e m b e r 24, 25

.
.

and

Total.
$7,609 48
.00 2 2 1
$63,0 9 5 13
5 6,578 54

119,673 67

26.

HAMPDEN SAVINGS BANK — SPRINGFIELD.
C. L . G a r d n e r , President.
J o h n B . P h e l p s , Treasurer.
Jo h n B . P h e l p s , Clerk of the Corporation.

Investment Committee: C. L . G a r d n e r , D w ig h t O . G il m o r e , F . E . Ca r p e n t e r ,
F . H . S t e b b in s .
Incorporated April 13, 1852. Open for business every business day except Saturdays,
9 a .m . to 4 p . m .; Saturdays, 9 a . m . to 12 M.
Deposits commence to draw interest the fifteenth day of February, M ay, August and
N ovem ber. Dividends are payable the fifteenth day of February and August.

B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on bank stocks,
Loan on railroad bonds,
Loans on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L

$ 1 3 5 ,0 0 0
8 5 ,8 7 0
1 ,364,342
100,000
270,0 0 0
7 ,200
4 ,7 0 0
15,500
7 ,5 0 0
1,070 ,5 2 0
867,5 1 7
7 ,7 0 4
1,961
21 ,2 8 0
3 ,246

00
00
00
00
00
00
00
00
00
00
32
33
87
06
63

ia b il it ie s

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 3 ,9 6 2 ,3 4 2 21

C a sh o n D e p o sit in B a n k s , A m o u n t
Eliot National Bank, Boston,
Chapin National Bank, Springfield,
Third National Bank, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$ 3 ,7 4 5 ,2 4 3 17
188,000 00
12,701 88
16,397 16

$ 3 ,9 6 2 ,3 4 2 21

E ach : —
.......................................................................... $ 2,022 32
.............................................................
9,257 74

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

10,000 00

No

BANK COMMISSIONER

]

169

Hampden Savings Bank — Continued.
L o an s
10
3
3
2
50
5
5
5

B a n k St o c k s , A m o u n t on E a c h : —
shares Chapin National Bank, Springfield,
shares Chapin National Bank, Springfield,
shares North Adam s National Bank, North Adam s,
shares Union Trust Company, Springfield,
shares Union Trust Company, Springfield,
shares Union Trust Company, Springfield,
shares Union Trust Company, Springfield,
shares Union Trust Company, Springfield,
on

$1,000
300
200
200
4 ,000
500
500
500

L o a n o n R a il r o a d B onds : —
$ 5 ,000 New Y ork, New H aven & H artford R .R . 3|-s,
L oans
50
45
32
17

R a il r o a d S t o c k s , A m o u n t o n E ach : —
shares New Y ork, New H aven & H artford R .R .,
shares Old Colony R .R ., .
.
.
.
.
shares New Y ork, New H aven & H artford R .R ,,
shares New Y ork , New H aven & Hartford R .R .,

00
00
00
00
00
00
00
00

$ 4,700 00

on

S

c h e d u l e

o f

Se

c u r it ie s

O

w n e d

.

$12,000 00

.

1,000 00
2,500 00

Par Value.

Estimated
Market Value.

Book Value.

$50,000
3 5,000
5 0,000

$48,375 00
34,750 00
4 5,000 00

$50,0 0 0 00
35 ,0 0 0 00
5 0,000 00

$135,000

$128,125 00

$ 1 3 5,000 00

Public Funds.
City of Boston, Mass., 3^s,
.
Pittsfield, Mass., 3^s, .
Providence, R . L , 3s, .

.
.
.

.
.
.

.
.
.

Bank Stocks.
50
50
60
18
64

shares
shares
shares
shares
shares

30
25
260
200
50
50
50
74
75

shares
shares
shares
shares
shares
shares
shares
shares
shares

N a t’l B ank of the Republic, Boston,
National Shawmut Bank, Boston,
First National Bank, Chicopee,
First National Bank, Northam pton,
Hampshire County National Bank,
Northam pton,
.
.
.
.
First N a t’l Bank, Norwich, Conn.,
Uncas N a t’l Bank, Norwich, Conn., .
Agaw am N a t’l Bank, Springfield,
Chapin National Bank, Springfield,
Chicopee National Bank, Springfield,
First National Bank, Springfield,
John Hancock N ’l B ’k, Springfield,
Third National Bank, Springfield,
W are National Bank, W are,

$5,000
5,000
1,800

$ 8,250
13,650
300
2,340

00
00
00
00

$ 6 ,300 00
7.500 00
1.800 00

6,400
3,000
2,500
3,900
20,000
5,000
—
7,400
7,500

6,720
3 ,000
2,500
1,300
2 4,000
7,500
1,250
500
14,800
8 ,250

00
00
00
00
00
00
00
00
00
00

7,060
3 .000
2 ,500
3 ,900
2 1 ,000
8 ,600
1,525
1,075
11,560
10,050

$105,600

00
00
00
00
00
00
00
00
00
00

$94,360 00

$85,8 7 0 00

$50,750
50,625
4 8,000
51,250
9 3,000
51,500
207,000
4 8,000
51,000
50,250
2 08,125
4 7,000
5 7,000
92,000
202,750
51,687

$50,0 0 0
5 0,000
5 0,000
50,000
100,000
50,000
200,000
5 0,000
5 0,000
5 0,000
216,967
5 0,000
5 0,000
9 7,375
200,0 0 0
5 0,000

Railroad Bonds.
Boston & A lban y R .R . 4s,
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3-J-s,
.
.
.
.
Boston & Providence R .R . 4 s ,.
Chicago, Burlington & Quincy R .R . 34s, .
Chicago, Burlington & Quincy R .R . 4s,
Connecticut River R .R . 4s,
.
.
.
.
Fitchburg R .R . 3-jS,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
H olyoke & W estfield R .R . 4s,
Illinois Central R .R . 3-jS,
.
.
.
.
N ew Y o rk Central & Hudson R iver R .R . 34s, .
N ew Y ork & New England R .R . (terminal) 4s, .
New Y ork, New H aven & Hartford R .R . 3^s, .
N ew Y ork, New H aven & Hartford R .R . 4s,
Old Colony R .R . 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 50,000
50,000
50,000
50,000
100,000
50,000
200,000
50,000
50,000
50,000
225,000
50,000
50,000
100,000
200,000
50,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,3 75,000 $ 1 ,3 59,937 50 $ 1,364,342 00

[Pub. Doc

REPORT OF THE

170

Hampden Savings Bank — Concluded.
S

c h e d u l e

o p

Se

c u r it ie s

O

w n e d

.

Par Value.

Estimated
Market Value.

Book Value.

$50,0 0 0
50,000

$ 5 1 ,5 0 0 00
50 ,7 5 0 00

$ 5 0 ,0 0 0 00
50,0 0 0 00

$100,000

$10 2 ,2 5 0 00

$ 1 0 0,000 00

$250,000

$2 6 0 ,0 0 0 00

$ 2 7 0,000 00

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
Springfield Street R ailw ay Company 4s, .

Boston Terminal Com pany Bonds.
Boston Terminal Company 3 |s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Amount.

Rate.

$ 2,022 32
19,257 74
7 2,500 00

2 per cent.
3 per cent.
4 per cent.

$ 6,000 00
6 27,707 32

R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

Amount.

Rate.

4 f per cent.
4-j per cent.

$ 1 ,2 54,730 00
12,000 00

$ 7,704 33
4 ,9 0 0 00
8,369
7 29,684 58
’ 5 ,837
689,320 16

D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1906,

1,519
1,251
7,293

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

T otal E x p e n se s

Y

d u r in g

Y

of

376,980 00
161,468 70

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
February, 1906, I f per cent.,
August, 1906, I f per cent., .
D ate

241
264

ear,

( e x c l u s iv e o f T a x e s ) : —
Other Expenses.
Salaries.
$2,931 32
A m ount paid during year,
$7 ,5 3 7 90
.0 0 0 7 4
Percentage to total assets, .
. 00190
for

5 per cent.
5 £ per cent.

O t h e r w is e : —
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

G ross I n c o m e

Rate.

Total.
$10,4 6 9 22
.0 0 2 6 4
$60,7 9 0 99
62,201 28

122,992 27

E x a m in a t io n , Ju n e 20.

H AVERH ILL SAVINGS BANK — H AVERH ILL.
E l b r id g e G . W

President.
R a y m o n d N o y e s , Treasurer.
R a y m o n d N o y e s , Clerk of the Corporation.

ood ,

Investment Comm ittee:

E l b r id g e G . W

ood,

W

il l ia m

W . S p a u l d in g , Jo h n L . H o b s o n .

Incorporated Feb. 8, 1828.
Open for business every business day except Saturdays,
9 a .m . to 2 p . m .; Saturdays, 9 a . m . to 12.30 p .m .
Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the fourth W ednesd ay of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER

171

Haverhill Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Liabilities.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
B ank building and fixtures,
Expense account,
Taxes paid on m ortgaged properties, .
.
.
.
.
Deposits in banks, on interest,
Deposits in banks, not on interest,
R eal estate expense account,
Cash on hand, .
.
.
.

$ 7 4 5,000
224,3 5 0
1,912,473
94 ,0 0 0
6,050
2,700
16,000
1 ,148,100
1,967,982
2 5,000
77

00
00
75
00
00
00
00
00
00
00
10

268
175,343
5 ,0 0 0
20
12,444

06
52
00
00
48

Deposits,
Guaranty fund, .
Profit and loss account,
Interest account, .
Suspense account,
R ent account,

$6,3 3 4 ,8 0 8 91

.
.
.
.

$5 ,0 2 0
4 5 .0 0 0
8 5,323
45 .0 0 0

o n B a n k St o c k s , A m o u n t o n E a c h : —
shares First National Bank, Haverhill,
shares Merrimack National Bank, Haverhill,
shares Beacon Trust Company, Boston,
shares Haverhill Trust Company, Haverhill,
shares Salem Safe Deposit and Trust Company, Salem,

L o a n o n R a il r o a d S t o c k s : —
66 shares Boston & Maine R .R .,

.

.

.

.

67
81
88
00

11
00
41
00

I

$1 ,3 0 0 00

}

3 ,500 00
1,250 00

.

Par Value.

Schedule of Securities Owned.

187,496
4 ,883
1,974
100

$ 6 ,3 3 4 ,8 0 8 91

C a sh o n D ep o sit in B a n k s , A m o u n t in E a c h : —
First National Bank, Boston,
.
.
.
.
First National Bank, Haverhill,
.
.
.
.
Haverhill National Bank, Haverhill,
.
.
.
Merrimack National Bank, Haverhill, .
.
.
L oans
7
10
10
40
20

$5,8 4 7 ,3 5 3 55
2 9 3 ,0 0 0 00

$ 2,700 00

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 34s , .
.
.
City of B a y City, M ich., 4s,
.
Boston, Mass., 4s,
.
Cambridge, Mass., 34s,
Chicago, 111., 4s,
.
Cleveland, O., 5s,
.
Danbury, Conn., 4s,
.
Fall River, Mass., 5s, .
Gloucester, Mass., 34-s,
Indianapolis, Ind., 3-J-s,
Indianapolis, Ind., 4s,
Manchester, N . H ., 4 s ,.
Medford, Mass., 4s,
Meriden, Conn., 3 j-s, .
Middletown, Conn., 3-J-s,
New Britain, Conn., 4s,
Newton, Mass., 4s,
Pawtucket, R . I., 4s, .
Somerville, Mass., 4s, .
W ilkes-Barre, Pa., 3|s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.
.
.

.

.
.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

$25,000
20,000
75,000
50,000
100,000
25,000
25.000
20.000
20,000
29,000
57,000
70,000
10,000
21,000
3 5 ,000
10,000
4 5 ,000
25,000
29,000
21,500

* Legal investments when made.

$25,0 0 0
20 ,1 0 0
76,375
47 ,6 2 5
100,500
25,000
2 5,250
2 0,200
19,300
2 8,420
5 8,140
7 0,700
10,200
2 0,160
3 3,425
10.050
45 ,4 5 0
25 ,0 0 0
29 ,5 8 0
20 ,8 5 5

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$25,0 0 0
2 0,000
7 5,000
5 0,000
100,000
2 5,000
2 5,000
2 0,000
20 ,0 0 0
2 9,000
5 7,000
7 0,000
10,000
2 1,000
3 5,000
10,000
45 ,0 0 0
25 ,0 0 0
29 ,0 0 0
21 ,5 0 0

00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00*
00
00

[Pub. Doc,

REPORT OF THE

172

Haverhill Savings Bank — Continued.
Schedule op Securities Owned.

Public Funds — Concluded.
Tow n of Bradford, Mass., 4s, .
.
.
Bradford, M as«., 4Js,
Mansfield, Mass., 4s, .
.
.

.
.

Par Value.

Estimated
Market Value.

Book Value.

$15,000
2 ,500
15,000

$15,000 00
2,525 00
15,450 00

$15,000 00
2 ,500 00
15,000 00

$745,000

$744,305 00

$7 4 5 ,0 0 0 00

Bank Stocks.
16
100
187
50
225
150
4 50
141
16
100
96
375
300
50

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Andover National Bank, Andover, .
Faneuil H all National Bank, Boston,
Fourth National Bank, Boston,
Merchants National Bank, Boston, .
N a t’l Bank of the Republic, Boston,
National Exchange Bank, Boston, .
National Shawmut Bank, Boston,
State National Bank, Boston, .
W ebster & A tlas N a t’l Bank, Boston,
Essex National Bank, Haverhill,
First National Bank, Haverhill,
Haverhill National Bank, Haverhill,
Merrimac National Bank, Haverhill,
B a y State National Bank, Lawrence,

$ 1,600
10,000
18,700
5,000
22,500
15,000
4 5,000
14,100
1,600
10,000
9 ,600
37,500
30,000
3 ,750
$224,350

$1,760
14,500
27,489
10,500
37,125
24,000
122,850
21,009
2,368
10,000
13,440
6 7 ,500
4 2 ,000
5,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$400,291 00

$ 1 ,600
10,000
18,700
5 ,000
2 2 ,500
15,000
45 ,0 0 0
14,100
1,600
10,000
9 ,600
37,500
30 ,0 0 0
3 ,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 2 2 4,350 00

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3£s,
.
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Boston & Providence R .R . 4s , .
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5s,
.
.
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-j-s, .
Cleveland & Pittsburgh R .R . 3-|-s,
Concord & Montreal R .R . 4s, .
Connecticut River R .R . 3^s,
.
.
.
.
D exter & Piscataquis R .R . 4s,
.
.
.
Erie & Pittsburgh R .R . 3Js,
.
.
.
.
Fitchburg R .R . 4s,
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3^s,
.
.
.
.
Illinois Central R .R . 4s,* .
.
.
.
.
Lake Shore & Michigan Southern R .R . 3}s,
Maine Central R .R . 4s, .
Maine Central R .R . 4-Js,
.
.
.
.
Minnesota & Iowa R .R . 3Js, .
.
.
.
New Y ork & New England (terminal) 4s,
N ew Y ork, New H aven & Hartford R .R . 3-J-s, .
N ew Y ork, New H aven & Hartford R .R . 4s,
Old Colony R .R . 34s,
.
.
.
.
.
Old Colony R .R . 4s,
.
.
. . .
Penobscot Shore Line R .R . 4s,
Sioux City & Pacific R .R . 3^-s,
W orcester, Nashua & Rochester R .R . 4s, .

$100,000
64,000
25,000
133,000
150,000

$97,000
64,125
23,750
148,960
153,750

00
00
00
00
00

$100,000
6 4,000
2 4,156
133,000
150,000

00
00
25
00
00

27,000
8 0,000
25,000
75,000
50,000
15,000
123,000
100,000
50,000
9 5,000
50,000
25,000
80,000
50,000
100,000
25,000
110,000
150,000
3 3,000
100,000
20,000
40,000
30,000

27,810
73,600
23,750
76,500
47,500
15,150
116,850
100,375
40,000
87,275
50,500
23,375
80,400
51,250
95,000
26,500
100,650
152,000
31,350
102,250
20,200
38,000
3 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

2 7,000
75,100
25,000
7 5,000
50,000
15,000
123,000
100,000
4 5,312
9 5,000
50,000
2 4,750
8 0,000
5 0,000
100,000
2 5,000
110,000
150,000
32 ,6 8 0
100,000
2 0,000
3 8,475
30 ,0 0 0

00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1,925,000

$ 1 ,8 97,870 00 $ 1 ,9 12,473 75

Street Railway Bonds.
W e st End Street Railw ay Com pany 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$94,000

$95,220 00

$94,000 00

178

BANK COMMISSIONER.

No. 8.]

Haverhill Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.

$5 ,0 2 0 11
170,323 41
3 7 ,000 00

Amount.

Rate.

Amount.

Rate.

$549,232 00
624,000 00
1,544,350 00

4$ per cent.

$105,000 00
198,400 00
82 ,8 5 0 00

5 f per cent.
5 ï per cent.
6 per cent.

Rate.

Amount.

p er cent.
3
4

per cent.
per cent.

R e a l E st a t e fo r B a n k in g P u rp o se s
Am ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

4 f per cent.
5 per cent.

:—
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
.
.
.
Am ount of same,
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, *1906,.

.
.
.

.
.
.

.
.
.

$ 2 5 ,0 0 0 00
53 .5 0 0 00
53 .5 0 0 00

.
.
.
.

13,573

.

.

.

.

.

694,051 34
1 0,93Ì

.
.
.

816,2 9 2 63
1,309
1,326
15,719

.
.
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d d u r in g

T o ta l E x p e n s e s

Y

266,3 6 3 80

for

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, 2 per cent., .
.
of

4 9 1 ,4 5 0 00

ear,

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $7,587 00
$1 ,4 6 5 00
Percentage to total assets, .
.0 0 1 1 9
.0 0 0 2 3

D ate

355
428

.
.

.
.

.
.

Total.
$ 9 ,0 5 2 00
.0 0 1 4 2
$97,711 76
111,889 11

209,6 0 0 87

E x a m in a t io n , Ju l y 24.

H AYDEN VILLE SAVINGS BANK —H AYDEN VILLE.
B y r o n L o o m is , President.
W . M. P u r r in g t o n , Treasurer.
A . G. C o n e , Clerk of the Corporation.

Investment Committee:

B y r o n L o o m is , G e o r g e M a r k s , L . C. G r a v e s , T . P . L a r k in ,
W . M . P u r r in g t o n .*

Incorporated March 17, 1869. Open for business every business d ay except Saturdays,
9 a . m . to 4 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the second Tuesday of January, April, July and
October. Dividends are payable the second Tuesday of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* W . M . Purrington has since resigned.

174

EEPOET OF THE

[Pub. Doc

HaycLenville Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loan on bank sto c k s,.
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Furniture and fixtures,
Taxes paid on m ortgaged proper­
ties,
.
.
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$24,0 0 0
27,7 0 0
34 ,0 0 0
32 ,3 5 0
275
9 ,8 5 3
1,552
319,699
4 0 ,7 8 2
1,357
492
3 ,1 0 0

00
00
00
00
00
34
67
61
02
07
60
00

$4 8 5 ,2 1 4 36
18,000 00

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

892 80
2 ,4 1 2 18

140 02
10,111 77
1,105 24
$5 0 6 ,5 1 9 34

$ 5 0 6,519 34

C a sh o n D e p o sit i n B a n k s , A m o u n t in E a c h : —
Hampshire County National Bank, N ortham pton, .
Northam pton National Bank, N ortham pton, .

$ 2,000 00
8,111 77

L o a n o n B a n k St o c k s : —
4 shares Hampshire County National Bank, Northam pton,

Schedule op Securities O wned.

$275 00

Par Value.

Estimated
Market Value.

$1,000
2 3,000

$1,025 00
2 4 ,000 00

$ 1 ,000 00
23 ,0 0 0 00

$24,0 0 0

$25,025 00

$24,0 0 0 00

Book Value.

Public Funds.
C ity of Chicago, 111., 4s, .
.
.
Tow n of W illiam sburg, M ass., 4s,

.

.

B ank Stocks.
18
33
21
25
25
25
42
40

shares
shares
shares
shares
shares
shares
shares
shares

Conway National Bank, Conway,
Danbury N a t’l Bank, Danbury, Conn.,
First National Bank, Eastham pton, .
City National Bank, Holyoke, .
H om e National Bank, H olyoke,
Park National Bank, H olyoke, .
First National Bank, Northam pton,
Hampshire County National Bank,
N ortham pton,
.
.
.
.
9 shares Northam pton N ’l B ank, N ortham pton,
10 shares Chicopee National Bank, Springfield, .
25 shares John H ancock N a t’l Bank, Springfield,

$ 1 ,800
3 ,300
2,100
2 ,500
2 ,500
2 ,500
4 ,2 0 0

$ 1,800
3,300
2,100
2,925
3,000
2 ,500
5,460

00
00
00
00
00
00
00

4 ,000
900
1,000
-

4 ,200
1,800
1,500
250

00
00
00
00

4 ,0 0 0 00
1,800 00
1,500 00
-

$24,800

$28,835 00

$ 2 7 ,7 0 0 00

$10,000
10,000
4 ,0 0 0
10,000

$10,3 5 0
9,270
4 ,030
10,350

$34,0 0 0

$34,0 0 0 00

$ 3 4 ,0 0 0 00

$30,0 0 0

$31,200 00

$32,3 5 0 00

$1 ,8 0 0
3 ,300
2 ,1 0 0
2 ,7 0 0
3 ,0 0 0
2 ,5 0 0
5 ,0 0 0

00
00
00
00
00
00
00

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 4s,
Illinois Central R .R . 3-J,s,
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
N ew Y ork , N ew H aven & H artford R .R . 4s,

00
00
00
00

$10,0 0 0
10,000
4 ,0 0 0
10,000

00
00
00
00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3Js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

175

Haydenville Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$10,111 77
9 ,5 0 0 00

Rate.

Amount.

Rate.

3 per cent.
4 £ per cent.

$272,521 01
23,375 11

5 per cent.
5£ per cent.

R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

$ 66,766 52

G ross I n c o m e

r e c e iv e d

.

.
.

.
.

.
.
.
.

.
.

.
.
.
.

.

.

.

d u r in g

Y

.
.
.
.

.

.

.

.

.

.

.

ear,

.

.

.

9 9,186 05

176
128
1,415

.

.

98 ,3 9 0 59

.

436
.

.

.
.

2 70,912 64
311

.

.

2 3 ,563 67

for

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
of

per cent.

1,368
.
1,088
.

.

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $1 ,4 0 0 00
$666 38
Percentage to total assets, .
.0 0 2 7 6
.0 0 1 3 1

D ate

6

$1,357 07
400 00

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

Rate.

O t h e r w is e : —
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
Num ber closed during year,
T otal num ber O ct. 31, 1906,

Amount.

.
.

.
.

.
.

Total.
$ 2 ,0 6 6 38
.0 0 4 0 7
$ 7 ,8 9 4 61
8 ,228 25

16,122 86

E x a m in a t io n , Ju n e 28.

HINGHAM INSTITUTION FOR SAVINGS — HINGHAM.
E n o s L o r in g , President.
H o w a r d P . H e r s e y , Treasurer.
H o w a r d P. H e r s e y , Clerk of the Corporation.

Investment Committee: E nos L o r in g , F r a n c is H . L in c o l n , M orris F . W

h it o n ,

H e n r y W . Cu s h in g .
Incorporated April 2, 1834*.
8 a .m . to 12

Open for business every business day except Saturdays,
; 1 to 4 p m . ; Saturdays, 8 a .m . to 12 m .

m.

Deposits commence to draw interest the first T uesday of January, April, July and October.
Dividends are payable the W ednesday following the first T uesday of January and July.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

176

Hingham Institution for Savings — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds, .
Boston Terminal Company bonds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Bank building and fixtures,
Stocks, bonds, etc., taken to secure indebtedness, .
Expense account,
Deposits in banks, on interest.
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

$179,000
16,040
614,671
7 5,000
114,000
1,700
40,300
9 8 5 ,6 8 4
634,575
5,000

00
00
25
00
00
00
00
26
00
00

3 4,000
1,806
18,365
1,905
1,512

00
20
46
21
24

$2,5 3 9 ,7 1 8 95
127,503 00

Deposits,
G uaranty fund, .
Profit and loss account,
Interest account, .

12,760 70
43 ,5 7 6 97

$ 2 ,7 23,559 62

$ 2 ,7 23,559 62

C a sh o n D e p o sit i n B a n k s , A m o u n t in E a c h : —
First National Bank, Bos t on, .
.
.
.
W ebster and Atlas National Bank, Boston,
H ingham National Bank, H ingham ,

$5 ,4 5 0 40
1,905 21
12,915 06

L o a n o n B a n k St o c k s : —
25 shares Fourth National Bank, Boston,

$ 1 ,7 0 0 00

Schedule of Securities O wned.

Par Value.

Estimated
Market Value.

Book Value.

P ublic Funds.
Massachusetts 3 i s , .
City of D ayton, O., 3|s,
Fall River, Mass., 3^s,
Gloucester, Mass., 3 ’,s,
Kansas City, M o., 4^s,
Lynn, Mass., 4s,
Medford, Mass., 4s,
Quincy, Mass., 3JfS,
Salem, Mass., 4s,
St. Joseph, M o., 3^s,
W oburn, Mass., 4s,
Tow n of Belm ont, Mass., 3~|s,
Gardner, Mass., 4s,
Milton, Mass., 3-J-s,
W arren, R . I., 3 is ,

$10,0 0 0
5 ,000
10,000
4 5,000
15,000
10,000
5 ,000
4 ,000
12,000
2 5 ,000
5,000
10,000
5 ,000
10,000
8 ,0 0 0
$179,000

$10,200
4,887
9 ,900
4 4,052
15,825
10,100
5,000
3,980
12,120
24,250
5,037
9,800
5,137
9 ,800
7,900

00
50
00
50
00
00
00
00
00
00
50
00
50
00
00

$177,990 00

$10,000
5,000
10,000
45 ,0 0 0
15,000
10,000
5,000
4 ,000
12,000
25,000
5,000
10,000
5,000
10,000
8 ,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 7 9,000 00

B ank Stocks.
24
12
50
42
89
14

shares
shares
shares
shares
shares
shares

National Bank of Commerce, Boston,
New England National Bank, Boston,
Trem ont National Bank, Boston,
W ebster & Atlas N a t’l Bank, Boston, .
Hingham National Bank, Hingham , .
Union National Bank, W eym o u th ,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 2,400
1,200
1,750
4 ,200
8 ,900
140
$18,590

00
00
00
00
00
00

$ 2,400 00
1,200 00

$21,468 00

$16,0 4 0 00

3,840
1,680
50
6,216
9,612
70

3,400 00
8,900 00
140 00

177

BANK COMMISSIONER

No. 8.]

Hingham Institution for Savings — Continued.
Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

Railroad Bonds.
$20,000
10,000
2 5,000
3 3,000
70,000
2 0 ,000
3 0 ,000
20,000
5,000
2 5,000
2 5,000
4 5,000
18,000
5 ,000
2 5,000
80,0 0 0
15,000
35,000
25,000
25,000
40 ,0 0 0

Boston & A lb an y R .R . 3^s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3-|s,
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Quincy R .R . 3-|s, .
Cleveland & Pittsburg R .R . 3-Js,
Cleveland & Pittsburg R .R . 4 As,
Concord & M ontreal R .R . 4s, .
Erie & Pittsburg R .R . 3Js,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3 ls ,
ç
Illinois Central R .R . 4s, .
Maine Central R .R . 4s, .
Michigan Central R .R . 3^s,
Minnesota & Iowa R .R . 3^s, .
N ew Y ork, New H aven & H artford R .R . 3-|s,
N ew Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 3Js,
.
.
.
Old Colony R .R . 4s,
.
.
.
Princeton & Northwestern R .R . 3-|s,
U pper Coos R .R . 4-^s,
.
.

$19,400
10,125
24,000
3 6.300
6 5,100
19,000
34,050
20,400
4 ,750
2 5,500
23,125
4 6,125
18,090
4 ,750
23,875
73,600
15,350
3 3,600
25,843
23,750
4 3 ,200

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00

$20,000
10,000
2 5 ,000
33,000
68,402
20,000
37,500
20,000
5,000
25,000
2 5,000
4 9,900
18,000
4,850
25,000
8 0,000
15,000
34,943
28,300
24,375
45 ,4 0 0

00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00

$596,000

$589,933 75

$614,671 25

$ 50,000
2 5,000

$51,500 00
25,375 00

$50,000 00
2 5,000 00

$ 75,000

$76,875 00

$75,000 00

$ 1 0 0,000

$104,000 00

$114,000 00

Street R ailw ay Bonds.
Boston Elevated R ailw ay Company 4s,
Springfield Street Railw ay Company 4s,

.

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 31rs,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 12,915
5 ,450
21,5 0 0
6 2.000
176,755
2 1,000

Rate.

06
40
00
00
00
00

2

per cent.

2% per cent.
3A
3f
4
4}

per
per
per
per

cent.
cent.
cent.
cent.

Rate.

Amount.

$202,150
4 0 .0 0 0
2 5.000
601.9 5 4
45 .0 0 0
127,250

4^
4f
4-J
5

cent.
cent.
cent.
cent.
5 /t p er cent.
5 ¿ per cent.

00
00
00
26
00
00

per
per
per
per

Rate.

Amount.

$179,800
25 ,0 0 0
134,050
800

00
00
00
00

R e a l E st a t e for B a n k in g P u r p o se s : —
A m ount invested,
.
Estim ated value,
.
Assessed value, .
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
N um ber of withdrawals during year,
Am ount of same,
.
.
.
D e p o s it A c co u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

5 A per
5 f per
6 per
7 per

cent.
cent.
cent.
cent.

$5 ,0 0 0 00
5 ,0 0 0 00
3 ,5 0 0 00
2,478
218,4 0 5 03

.
2,905

321,071 87

.
396
420
5 ,040

[Pub. Doc

REPORT OF THE

178

Hingham Institution for Savings — Concluded.
S t a t ist ic s o r L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

d u r in g

Y

ear,

.

.

.

.

of

327
.

.

114,729 88

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

$361,370 00

.

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $ 4,277 55
$2 ,0 3 6 00
Percentage to total assets, .
.0 0 1 5 7
.0 0 0 7 4
fo r

Y

293
.

.
.

.

.
.

.

Total.
$ 6,313 55
.00231
$ 4 3 ,7 0 4 89
43 ,5 5 9 06

8 7,263 95

E x a m in a t io n , M ar ch 9.

HOLLISTON SAVINGS BANK — HOLLISTON.
G eo r g e A . B a r t l e t t , President.
Ja m e s F . F is k e , Treasurer.
Ja m e s F . F is k e , Clerk of the Corporation.

Investment Committee:

G e o r g e A . B a r t l e t t , Jo se p h H . D e w i n g , A l o is e
F r a n k T . D a n ie l s , C h a r l e s A . Cr o w l e y .

Maeder,

Incorporated Feb. 27, 1872. Open for business every business day except Saturdays,
9 a .m . to 12 m .; 1.30 to 3.3 0 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of March, June, September and
December. Dividends are payable the first Tuesday of June and December.
B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
R eal estate in possession,
Bank building, .
.
.
.
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$62,993
13,700
7 5,987
5 ,000
1,520
72 ,7 0 8
4 00
167,760
15,127
13,416
4 ,3 4 0
5 ,690
258
7,371
2 ,135

80
00
50
00
00
75
00
00
00
35
50
00
22
83
19

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

.

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
15 shares M t. Vernon National Bank, Boston,
5 shares Fram ingham National Bank, South Framingham,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* In liquidation.

9,749 66
17,837 38

$448,409 14

$448,409 14

C a s h o n D e p o s it in B a n k s , A m o u n t in E a c h : —
National Shawmut Bank, B o sto n ,.
.
.
Fram ingham National Bank, South Framingham,

$4 0 1 ,0 6 7 10
19,755 00

$3,3 7 4 05
3 ,997 78
$ 1,020

00 *

500 00

No. 8.1

BANK COMMISSIONER.

179

Holliston Savings Bank— Continued.
Schedule of Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
City of Beverly, Mass., 4s,
Chicago, 111., 4s,
Everett, Mass., 4s,
Fitchburg, Mass., 4s, .
H olyoke, Mass., 3^s,
Lynn, Mass., 3^s,
Milwaukee, W is., 5s,
Pittsfield, Mass., 3^s, .
Portsmouth, N . H ., 4s,
Quincy, Mass., 4s,
Rockville, Conn., 4s, .
Springfield, O., 4s,
Town of Belm ont, Mass., 3|-s,
Dracut, Mass., 4s,
Falm outh, Mass., 3^s,
Hudson, Mass., 4s,
Reading, Mass., 4s, .

.

.

$2,000
6,000
3 ,000
1,000
3,000
5 ,000
1,500
1,000
5,000
7,500
5,000
5 ,000
3,000
5,000
3,000
3 ,000
4 ,000

.

$ 63,000

$ 2,060
6 ,002
3 ,120
1,015
2 ,962
4 ,9 1 2
1,500
972
5 ,150
7,557
5 ,162
5 ,025
2 ,980
5,035
2 ,952
3 ,090
4 ,1 2 0

00
50
00
00
50
50
00
50
00
50
50
00
00
00
50
00
00

$2,0 0 0
6 ,000
3 ,000
1,000
3 ,0 0 0
5 ,000
1,500
1,000
5 ,000
7 ,500
• 5 ,000
5 ,000
2*993
5 ,000
3 ,000
3 ,000
4 ,0 0 0

$63,617 50

00
00
00
00
00
00
00
00
00
00
00
00
80
00
00
00
00

$62,993 80

B ank Stocks.
18 shares
30 shares
30 shares
15 shares
ÜU shares
24 shares

State National Bank, Boston,
H om e National Bank, Brockton,
Franklin National Bank, Franklin,
Peoples N a t’l Bank, Marlborough,
15lue H ill National Bank, Milton,
Framingham National Bank, South
Framingham,
.
.
.
.

$1,800
3,000
3 ,000
1,500
2 ,000

$ 2,682
5 ,400
3 ,7 5 0
1,890
2 ,7 0 0

00
00
00
00
00

$1,8 0 0
3 ,0 0 0
3 ,0 0 0
1.500
2 ,000

00
00
00
00
00

2 ,4 0 0

3 ,1 2 0 00

2 ,4 0 0 00

$ 13,700

$19,5 4 2 00

$13,7 0 0 00

$2,000

$1,8 9 0 00

$ 1,992 50

5,000
5,000
8 ,000
3,000
5,000
8 ,000
4 ,000
1,000
5,000
18,000
3 ,000
8,000
2 ,000

5 ,150
4 ,6 2 5
8 ,2 0 0
3 ,090
5 ,200
7 ,360
4 ,0 2 0
940
4 ,6 0 0
18,215
3 ,090
7 ,520
1,800

5 ,0 0 0
4 ,8 0 2
8 ,0 0 0
3 ,0 0 0
5 ,0 0 0
7 ,535
4*000
1,000
4 ,937
18,000
3 ,0 0 0
7 ,8 0 0
1,920

Railroad Bonds.
Boston & A lb an y R .R . 3|s,
.
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5s,
Chicago, Burlington & Q uincy R .R . 3jS, .
Chicago, Burlington & Quincy R .R . 4s,
Concord & Claremont R .R . 41s,
Fitchburg R .R . 4Js,
Illinois Central R .R . 3£s,
Maine Central R .R . 4s, .
N ew Y ork Central & Hudson R iver R .R . 3£s, .
N ew Y ork , New H aven & Hartford R .R . 3 Is, .
N ew Y ork , New H aven & Hartford R .R . 4s,
Pittsburgh, Virginia & Charleston R .R . 4s,
Princeton & Northwestern R .R . 31s,
W ashington County R .R . 3Js,

00
00
00
00
00
00
00
00
00
00
00
00
00

00
50
00
00
00
00
00
00
50
00
00
00
00

$77,000

$75,7 0 0 00

$75,987 50

$ 5,000

$5,1 5 0 00

$5,0 0 0 00

Street Railw ay Bonds.
W est E n d Street R ailw ay Company 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$7,371 83
8 ,9 5 8 75
2 ,000 00

Rate.

2 per cent.
3 £ per cent.
3 f per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$61,750 00
76,665 00
14,100 00

Rate

4 per cent.
5 per cent.
5J per cent.

Amount.

$94,042 00

Rate.

6

per cent.

180

REPORT OF THE

[Pub. Doc

Holliston Savings Bank— Concluded.
R e a l E s t a t e fo r B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
R e a l E s t a t e b y F o r e c l o su r e or
A m ount invested,
.
.
Assessed value, .
.
.
N et income during year,
.

.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

$ 5 ,690
6 .300
6 .300
139

O t h e r w is e : —
.
.
.
.
.
.
.
.
.
.
.

.
.
.

.
.
.

13,416 35
11,800 00
58 89

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
Am ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.

.

.

.
.

.
.

.

.

.

.

.

.

.

.

6 9,896 86
.

.

.

1,060

.

.

.

.

.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g

Y

ear,

.

.

.

of

.

.
.

236,5 1 5 75
182

.

.

2 0,463 86

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
June, 1906, I f per cent.,
.
.
D ate

83,2 6 4 08

263
.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $ 1,432 00
$563 19
Percentage to total assets, .
. 00319
.0 0 1 2 5
fo r

1,101
.
178
163
1,219

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

00
00
00
58

.
.

.
.

.
.

Total.
$ 1,995 19
.0 0 4 4 4
$ 6,726 72
6,666 33

13,393 05

E x a m in a t io n , M a y 9.

HOLYOKE SAVINGS B A N K — HOLYOKE.
W

il l ia m

W

h it in g ,

President.
Ch a r l e s W . Jo h n s o n , Treasurer.
A l b e r t G. M a g n a , Clerk of the Corporation.

Investment Committee:

R o b er t R u s s e l l , W il l ia m W
M . H . W h it c o m b .

h it in g ,

Ja m e s A . C l o u g h ,

Incorporated Feb. 21, 1855. Open for business every business day except Saturdays,
9 a . m . to 4 p . m .; Thursdays, 7 to 8 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the third M onday of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

\

BANK COMMISSIONER

No. 8.]

181

Holyoke Savings Bank— Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans on railroad bonds,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 6 7 1 ,2 2 4
193,050
1 ,547,860
202,4 0 0
7,185
4 5 ,0 0 0
3 ,500
2 87,100
1,230
2 ,1 2 3 ,0 5 0
577,0 9 0
4 .0 0 0
4 ,0 2 6
7 .000
242,5 9 7
7 ,1 1 4

00
00
00
00
00
00
00
00
00
00
00
00
76
00
91
32

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

$5,9 2 3 ,4 2 7 99

$78,970
4 0 ,122
7,042
10,000
12,448
74,013
5,000
5 ,000
5,000
5,000

o n B a n k St o c k s , A m o u n t o n E a c h : —
shares H olyoke National Bank, H olyoke,
shares H om e National Bank, H olyoke,
shares Hampshire County National Bank, Northam pton,
shares H olyoke National Bank, H olyoke, .
shares City National Bank, H olyoke,
shares H olyoke National Bank, Holyoke, .

$985 00
1,700 00
500 00
2,500 00
$25,000 00
2 0,000 00

L o a n o n R a il r o a d S t o c k s : —
25 shares New Y ork , New H aven & H artford R .R . ,

Par Value.

31
26
90
00
56
88
00
00
00
00

1,500 00

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$25,0 0 0 Northern Maine Seaport R .R . 5s,
24 ,0 0 0 New England R .R . 4s, .
.
.
.

Schedule of Securities Owned .

3 0 ,7 8 0 62
102,414 77

$ 5 ,9 2 3 ,4 2 7 99

Ca s h o n D e p o sit in B a n k s , A m o u n t in E a c h : —
International Trust Company, Boston, .
.
.
.
National Shawmut Bank, Bos t on, .
.
.
.
.
City National Bank, H olyoke,
.
.
.
.
.
H om e National Bank, H olyoke,
.
.
.
.
.
H a d ley Falls National Bank, H olyoke, .
.
.
.
H olyoke National Bank, H olyoke,
.
.
.
.
First National Bank, Northam pton,
.
.
.
.
Hampshire County National Bank, Northam pton, .
N ortham pton National Bank, Northam pton, .
W are National Bank, W a r e ,.
.
.
.
.
.
L oans
10
10
10
20
10
27

$ 5 ,5 1 3 ,2 3 2 60
2 7 7 ,0 0 0 00

$ 3,500 00

Estimated
Market Value.

Book Value.

Public Funds.
County of M iddlesex, M ass., 4s,
,
C ity of Akron, O ., 4-1-s, .
.
.
.
.
Akron, O ., 5s,
.
.
.
.
.
A ugusta, Me. (W a ter District), 4s,
B a y City, M ich., 5s,
.
.
.
.
B a y City, M ich., 8s,
.
.
.
.
Brockton, M ass., 3Js, .
.
.
.
Canton, O ., 4s, .
.
.
Chicago, 111., 3Js,
.
.
.
.
Chicago, 111., 4s,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$10,0 0 0
6 ,000
7,500
10,000
14,000
1,500
2 ,000
15,000
14,000
77,000

A legal investm ent when made.

$10,1 5 0
6 ,050
7,500
10,300
15,475
1,530
1,960
15,020
13,620
77,385

00
00
00
00
00
00
00
00
00
00

$10,0 0 0
6 ,000
7 ,5 0 0
10,000
14,000
1,500
2 ,000
15,000
13,780
7 7,000

00
00
00
00
00
00
00
00*
00
00

182

[Pub. Doc

REPORT OF THE
Holyoke Savings Bank — Continued.
Par Value.

S c h e d u l e o f Se c u r i t i e s O w n e d .

P ublic Funds — Concluded.
City of Cleveland, O ., 5s,
D ayton, 0 . , 3-jS,
.
.
D ayton, 0 . , 4s, .
Dubuque, la ., 4s,
.
.
.
Fall River, Mass., 4s, .
Fall River, Mass., 5s, .
.
.
.
Fort W ayn e, Ind., 44s,
Gloucester, Mass., 3Js,
H olyoke, Mass., 4s,
Kansas City, M o., 4-Js,
Kennebec, Me. (W a ter District), 3-Js,
Laconia, N . H ., 4s,
Lewiston, Me., 5s,
.
.
.
.
Milwaukee, W is., 5s,
New Bedford, Mass., 4s,
N ortham pton, Mass., 3Js,
North Kingston, R . 1., 4s,
Rockford, 111., 4s,
.
.
. '
Rockford, 111., 4-J-s,
.
.
.
.
Saginaw, Mich., 4s,
.
.
.
.
Saginaw, Mich., 4Js,
.
.
.
.
Salem, Mass., 4s,
.
.
.
.
Springfield, 0 ., 4s,
Springfield, O., 5s,
South Bend, Ind., 5s, .
South Norwalk, Conn., 4s, .
W aterbury, Conn., 3-)s,
W esterly, R . I., 34s,
.
Town of Eastham pton, Mass., 34s, .
Nantucket, Mass., 4s,
.
.
.
Revere, Mass., 34s,
.
.
.
.
Revere, Mass., 4s,

.

8 2,000
4 7,000
12,000
2 5 ,000
25,000
5,000
22,000
5,000
2 ,000
2 5,000
2 0,000
5,000
2,000
28,000
6,000
8,000
10,000
5,000
16,000
65,000
3 2,000
15,000
10,000
20,000
10,000
22,000
10,000
20,000
5,000
6,000
24,000
6,000
$672,000

Estimated
Market Value.

$2 ,0 0 0
4 6 ,0 4 5
12,000
2 5 ,235
25 ,2 5 0
5 ,150
2 2,935
4 ,9 2 5
2 ,000
2 6,250
19,400
5 ,075
2 ,215
2 8,330
6 ,200
7 ,900
10,475
5 ,000
16,160
65,395
33 ,0 6 0
15,300
10,215
20 ,0 0 0
10,175
2 2,687
9 ,8 5 0
18,975
4 ,9 3 0
6 ,030
23,525
6 ,030

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$677,707 00

Book Value.

$ 2 ,000
4 6,699
11,982
2 5,000
2 5,000
5 ,000
22 ,0 0 0
5 ,000
2 ,0 0 0
25 ,0 0 0
19,800
5 ,000
2 ,0 0 0
28 ,0 0 0
6 ,000
8 ,000
10,000
5,000
16,000
65 ,0 0 0
3 2,000
15,000
10,000
2 0,000
10,000
2 2,000
10,000
20,0 0 0
4 ,9 6 2
6,000
2 4,000
6 ,000

00*
00
50
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
50
00
00
00

$671,224 00

Bank Stocks.
14
20
50
20
19
21
15
37
5
48
38
236
390
71
5
25
5
90
37
50
38
6
30
117
178

shares
shares
shares
shares
shares
shares
shares

First National Bank, Adam s, .
Greylock National Bank, Adam s,
First National Bank, Am herst,
Miller’s R iver N a t’l Bank, Athol,
Conway National Bank, Conway,
First National Bank, Eastham pton, .
Fitchburg Safe Deposit & Trust Co.,
Fitchburg, .
.
.
.
.
shares Rollstone National Bank, Fitchburg,
shares First National Bank, Greenfield,
shares Franklin County N ’l B ’k, Greenfield,
shares City National Bank, H olyoke,
shares H adley Falls N a t’l Bank, Holyoke, .
shares H olyoke National Bank, H olvoke,
shares H om e National Bank, H olyoke,
shares Union National Bank, Lowell,
shares Monson National Bank, Monson,
shares First National Bank, Newburyport, .
shares First National Bank, N orth am p ton ,.
shares Hampshire County National Bank,
Northam pton,
.
.
.
.
shares N ortham pton N ’l B ’k, N ortham pton,
shares Palm ef National Bank, Palmer,
shares Pittsfield National Bank, Pittsfield, .
shares Agaw am National Bank, Springfield,
shares Chicopee National Bank, Springfield,
shares First National Bank, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,400
2,000
5,000
2,000
1,900
2,100

$1,616
3,700
5,500
3 ,400
1,900
2 ,100

00
00
00
00
00
00

1,500

1,875
185
750
5 ,040
4 ,446
3 2,804
6 8,250
8 ,520
800
3 ,000
600
11,700

00
00
00
00
00
00
00
00
00
00
00
00

3,885
10,000
3 ,8 0 0
972
150
17,550
4 ,4 5 0

00
00
00
00
00
00
00

—

500
4 ,800
3,800
23,600
3 9 ,000
7,100
500
2,500
500
9 ,000
3,700
5,000
3,800
600
450
11,700

* Legal investments when made.

$ 1,400
2 ,000
5,000
2 ,000
1,800
2 ,000

00
00
00
00
00
00

1,500 00
-

500
4 ,8 0 0
3 ,790
27,140
4 0 ,0 0 0
7 ,100
500
2 ,500
500
10,000

00
00
00
00
00
00
00
00
00
00

3 ,700
8 ,700
3,600
570

00
00
00
00
-

14,850 00

No. 8.]

BANK COMMISSIONER

183

Holyoke Savings Bank — Continued.
Schedule of Securities Owned.

30
50
31
215
97
26
4
50

shares
shares
shares
shares
shares
shares
shares
shares

B ank Stocks — Concluded.
John Hancock N ’l Bank, Springfield,
Second National Bank, Springfield, .
Springfield N a t’l Bank, Springfield, .
Third National Bank, Springfield,
Townsend N a t’l Bank, Townsend,
W are National Bank, W are,
First National Bank, W estfield,
First National Bank, W orcester,

Par Valse.

—
_
$3,100
21,500
9 ,700
2,600
400
500
$170,250

Estimated
Market Value.

$300
250
6,355
4 3,000
12,125
2,860
540
1,000

00
00
00
00
00
00
00
00

$263,477 00

Book Value.

_
—
$ 3,100
33,0 0 0
1 0,000
2 ,6 0 0
400
-

00
00
00
00
00

$ 1 9 3,050 00

Railroad Bonds.
Beech Creek R .R . 4s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3Js,
.
.
.
.
Boston & New Y o rk Air Line R .R . 4s,
Boston, Concord & Montreal R .R . 6s,
Boyer V alley R .R . 3 Is, .
.
.
.
.
Chicago, Burlington & Quincy R .R , 3Js, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 3£s, .
Chicago & Northwestern R .R . 4s,
Erie & Pittsburgh R .R . 33,-s, .
.
.
.
Fitchburg R .R . 3-Js,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
H oyoke & W estfield R .R . 4s, .
Illinois Central R .R . 3s, .
Illinois Central R .R . 31s,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Lim e R ock R .R . 4s,
Maine Central R .R . 4s, .
Maine Central & European and North Am erican
R .R . 4s,
.
.
.
.
.
.
Michigan Central R .R . 31s,
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew Y o rk Central & Hudson River R .R . 31s, .
N ew H aven & Northam pton R .R . 5s,
N ew Y ork, New H aven & Hartford R .R . 31s, .
N ew York, New H aven & Hartford R .R . 4s,
O ttum w a, Cedar Falls & St. Paul R .R . 5s,
Penobscot Shore Line R .R . 4s,
.
.
.
Peoria & Northwestern R .R . 31s,
Pittsburgh, Virginia & Charleston R .R . 4s,
Portland & Ogdensburg R .R . 31s,
Portland & Ogdensburg R .R . 5s,
Portland & Rochester R .R . 4s,
Portland & Rum ford Falls R .R . 4s,
Princeton & Northwestern R .R . 31s,
Sioux City & Pacific R .R . 31s,
Verm ont V alley R .R . 5s,
.
.
.
.
W ashington County R .R . 31s,

$40,000
6,000
3 9,000
10,000
11,000
20,000
75,000
201,000
2 1,000
9,000
20,000
10,000
6 2,000
65,000
14,000
50,000
12,000
194,000
106,000
65,000
10,000
20,000

$41,200
6,025
3 7,050
10,350
10,770
19,000
69,000
201,490
2 0,160
9,090
19,000
9 ,500
62,250
65,650
15,120
49,000
9,600
177,810
107,060
65,000
9,800
20,100

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$40,0 0 0
6 ,000
39 ,0 0 0
10,000
10,000
20 ,0 0 0
7 4 ,050
201,000
21,271
9 ,0 0 0
19,900
9 ,965
6 2 ,000
65 ,0 0 0
14,000
5 0,000
10,520
188,930
106,000
65 ,0 0 0
10,000
20 ,0 0 0

00
00
00
00
00
00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
00

8,000
25,000
14,000
24,000
2,000
8 0,000
35,000
39,000
2 5,000
12,000
2 2,000
25,000
50,000
7,500
15,000
38,000
3 0,000
3 5,000
16,000

8,240
23,250
14,000
22,640
2,080
73,200
3 5 ,750
39,780
25,250
11,400
22,770
24,750
5 0,500
7,500
15,000
36,100
2 8,500
36,225
14,720

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

8 ,0 0 0
2 4,650
14,000
2 2,916
2 ,000
78,5 5 0
35,0 0 0
3 9 ,0 0 0
25,0 0 0
11,750
22 ,0 0 0
24 ,8 5 0
5 0,000
7 ,500
15,000
3 6,880
2 8,867
35 ,0 0 0
15,260

00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00

$ 1,562,500

$1,5 2 5 ,6 8 0 00 $1,5 4 7 ,8 6 0 00

Street Railway Bonds.
A thol & Orange Street R ailw ay Co. 5s,
Boston Consolidated Street R ailw ay Co. 5s,
Boston Elevated R ailw ay Co. 4s,
E ast M iddlesex Street R ailw ay Co. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,000
10,000
2 5 ,000
4 ,000

$6,420
10,000
2 5,500
4 ,0 4 0

00
00
00
00

$ 6 ,000
10,000
25 ,0 0 0
4 ,0 0 0

00
00
00
00

[Pub. Doc

REPOET OF THE

184

Holyoke Savings Bank — Concluded.
Par Value.

Schedule of Securities Owned.

Street Railway Bonds — •Concluded.
Gloucester, Essex & Beverly St. Railw ay Co. 5s,
H olyoke Street R ailw ay Co. 5s,
Lowell & Suburban Street R ailw ay Co. 5s,
L yn n Belt Line R ailw ay Co. 5s,
L yn n & Boston Railroad Co. 5s,
Merrimac V alley Street R ailw ay Co. 5s,
Naum keag Street R ailw ay Co. 5s,
W e st E nd Street R ailw ay Co. 4s,

$25,0 0 0
11,400
2 5 .000
12.000
10,000
5 ,000
37 .0 0 0
32 .0 0 0
$ 2 0 2,400

Estimated
Market Value.

Book Value.

$ 26,500
12,510
25 ,5 0 0
12,240
10.300
5 ,100
3 7 ,7 4 0
3 2 .3 0 0

$25,0 0 0
11,400
2 5 .0 0 0
12.000
10,000
5 ,0 0 0
3 7 .0 0 0
3 2 .0 0 0

00
00
00
00
00
00
00
00

$ 2 0 8 ,1 5 0 00

00*
00
00*
00*
00*
00*
00*
00 .

$ 2 0 2,400 00

* Legal investm ents when m ade.

Total A m ount of Loans at Specified Rates of Interest.

$40,1 2 2
7 8,970
103,505
4 ,0 0 0
113,100
3 5 .0 0 0
4 9 .0 0 0

26
31
34
00
00
00
00

2
2J
3
34
4
4^
4f

per
per
per
per
per
per
per

Rate.

Amount.

Rate.

Amount.

cent.
cent.
cent.
cent.
cent.
cent.
cent.

$ 1 0 ,0 0 0
602,6 7 5
10,000
25 .0 0 0
10.000
15.000
25 .0 0 0

4 .2 6 per ct.
4.) per cent.
4 .5 3 per ct.
4 .5 7 per ct.
4 f per cent.
4 f per cent.
4 .6 5 per ct.

00
00
00
00
00
00
00

Rate.

Amount.

$ 2 5 ,0 0 0
153,500
1,846 ,8 1 5
25,0 0 0
104,220
3 5,845

00
00
00
00
00
00

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.
.
.

.

$4 ,0 0 0 00
7 ,320 00
330 44
2 3 ,0 6 7

.
.

.

1 ,190,623 13
13,041

.

1 ,088,337 7 2

.
.
.

.

.
.
.

.

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T otal E x p e n s e s

Y

d u r in g

Y

355,1 6 0 00
263,8 6 3 96

.

D ate

12.

E x a m in a t io n , S e p t e m b e r 11


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

267
426

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
of

2 ,565
1,974
13,391

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 8,733 00
$ 3 ,177 61
Percentage to total assets,
. 00147
.0 0 0 5 4
fo r

4 .6 5 per ct.
4 f per cent.
5 per cent.
5 f per cent.
5^ per cent.
6 per cent.

and

.

.
.

Total.
$ 11,910 61

.00201
$ 87,136 75
89 ,5 8 7 61

176,724 36

BANK COMMISSIONER

No. 8.]

185

HOME SAVINGS BANK — BOSTON.
C h a r l e s H . A l l e n , President.
G eo r g e E . B r o c k , Treasurer.
G eo r g e E . B r o c k , Clerk of the Corporation.

Investment C om m ittee: C h a r l e s H . A l l e n , T h o m as F . T e m p l e , H e n r y C. Ja c k s o n ,
J. H e n r y R u s s e l l , F r e d e r ic k B . Ca r p e n t e r .
Incorporated March 17, 1869.

Open for business every business day, 9

a .m .

to 2

p.m .

Deposits commence to draw interest the tenth day of January, April, July and October.
Dividends are payable the third W ednesday of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on public funds,
Loan on bank stocks, .
Loans on railroad bonds,
Loans to counties, cities, towns, etc.,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

Liabilities .

$71,000
145,000
1 ,212,800
3 2,000
3 0,000
198,750
10,000
200,9 5 8
3 38,768
600
4,731 ,8 5 0
3,577 ,3 5 4
15,400
1,784
88
295,303
15,094

00
00
00
00
00
00
00
33
07
00
00
39
00
10
82
28
67

Deposits,
$ 1 0 ,024,113
Guaranty fund,
5 15,000
Profit and loss account,
2 7 4 ,5 0 0
Interest account, .
44 ,9 8 8
Real estate income
account, .
149
Reserved for repairs.
18,000

$10,876,751 66

Ca s h o n D e p o s it in B a n k s , A m o u n t
First National Bank, Boston,
.
City Trust Company, Boston,
.

in

.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

33
00

$174,932 08
120,371 20

}

$48,7 5 0 00

j

5 0,000 00

1

100,000 00

J

L o a n o n B a n k S to cks : —
100 shares Traders National Bank, Lowell,
L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$20,0 0 0 Bangor & Aroostook R .R . 5s, .
5 .000 New Y ork, New H aven & H artford R .R . 34s,
27.0 0 0 Boston & Maine R .R . 4s,
52 .0 0 0 Boston & Maine R .R . 4s,
54 .0 0 0 New Y ork , New H aven & H artford R .R . 4s,
3 .0 0 0 Bangor & Aroostook R .R . 5s, .
4 .0 0 0 Boston & Lowell R .R . 4s,
.
.
.
5 .000 Chicago, Burlington & Quincy R .R . 4s,
55 .0 0 0 Chicago, Burlington & Quincy R .R . 4s,

50
72

$10,876,751 66

E ach : —
.
.
.
.

L o an s o n P u b l ic F u n d s , A m o u n t o n E a c h : —
$ 5 0 ,0 0 0 City of Boston, Mass., 4s,
3 .000 New Y ork , Lackawanna & W estern R .R . 6s,
4 5 .0 0 0 Commonwealth of Massachusetts 34s,
10.000 City of Fall River, Mass., 4s,
70 .0 0 0 City of Middletown, Conn., 34s,
35 .0 0 0 City of Beverly, Mass., 3-jS,
5 .000 T ow n of Milton, Mass., 4s,
.
.
.

11
00

$ 10,000 00

1
j-

$48,9 5 8 33

97 ,5 0 0 00
4 ,500 00
5 0,000 00

186

REPORT OF THE

[Pub. Doc

Home Savings Bank — Continued.
Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
City of B a y City, M ich., 8s,
Brockton, Mass., 4s,
Lynn, Mass., 4s,
Sioux City, la ., 4Js,
South Bend, Ind., 5s, .
South Bend, Ind., 6s, .
T ow n of H y de Park, Mass., 4s,
W h itm an , Mass., 4s, .

$ 4,000
1,000
2 5,000
4 ,000
12,000
10,000
5,000
10,000
$ 71,000

$ 4,480
1,000
2 5,125
4 ,000
12,170
10,340
5,000
10,000

00
00
00
00
00
00
00
00

$4,000
1,000
25,000
4 ,0 0 0
12,000
10,000
5,000
10,000

00
00
00
00
00
00
00
00

$72,115 00

$ 71,000 00

00
00
00
00
00
00
00
00
00
00
00

$ 5 ,000 00

B ank Stocks.
50
23
125
2 00
2 00
50
125
2 00
400
75
25

shares Atlantic National Bank, Boston,
shares Continental N a t’l Bank, Boston,
shares First National Bank, Boston, .
shares Merchants National Bank, Boston, .
shares N a t’l B ’k of the Republic, Boston, .
shares N ’l M arket B ank of Brighton, Boston,
shares National Union Bank, Boston,
shares New England N a t’l Bank, Boston, .
shares Second National Bank, Boston,
shares State National Bank, Boston, .
shares W ebster & A tlas N a t’l B ’k, Boston, .

$ 5,000
—

12,500
2 0,000
2 0,000
5,000
12,500
2 0,000
4 0,000
7,500
2 ,500
$145,000

$7,250
115
36,875
4 2,000
33,000
5,200
22,500
28,000
89,200
11,175
3 ,700

$279,015 00

_

12,500
20,000
2 0 ,000
5,000
12,500
20,000
4 0 ,000
7 ,500
2,500

00
00
00
00
00
00
00
00
00

$145,000 00

Railroad Bonds.
Boston, Concord & Montreal R .R . 6s,
Boston & Lowell R .R . 4s,
.
Cedar R apids & Missouri R iver R .R . 7s, .
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . 7s,
D akota Central R .R . 6 s ,.
Des Moines & Minneapolis R .R . 7s,
D exter & Piscataquis R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Joliet & Northern Indiana R .R . 7s,
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 7s, .
Michigan Central R .R . 6s,
.
.
.
N ew Y ork , New H aven & H artford R .R . 4s,
Northwestern Union R .R . 7s, .
O ld Colony R .R . 4 s , .................................................
O ttum w a, Cedar Falls & St. Paul R .R . 5s,
Pennsylvania R .R . 6s,
Portland & Ogdensburg R .R . 5s,
W atertow n & R om e R .R . 6s, .
W in o n a & St. Peters R .R . 7s,

$ 4,000
6 ,000
131,000
5,000
8 9,000
5,000
3 1,000
10,000
2 36,000
39,000
205,000
30,000
122,000
104,000
78,000
15,000
5,000
15,000
48,0 0 0
4 ,800
17,000
10,000
3,000
$ 1 ,2 12,800

$ 4,300
6,000
150,370
5,100
9 9,680
5,100
31 ,6 2 0
10,100
238,872
39,390
220,887
30,150
122,305
120,640
81 ,9 0 0
15,075
6,300
15,600
48 ,9 6 0
5,136
17,255
10,700
3,075

00
00
00
00
00
00
00
00
50
00
50
00
00
00
00
00
00
00
00
00
00
00
00

$4,000
6,000
131,000
5 ,000
89,000
5,000
31,000
10,000
236,000
3 9,000
205,000
3 0,000
122,000
104,000
78,000
15,000
5,000
15,000
4 8,000
4 ,800
17,000
10,000
3 ,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,2 8 8 ,5 1 6 00 $ 1 ,2 1 2 ,8 0 0 00

Street Railway Bonds.
Boston Consolidated Street R ailw ay Co. 5s,
W e s t E nd Street R ailw ay Com pany 4s,

$2,000
3 0,000

$ 2,000 00
3 0,150 00

$ 2,000 00
3 0,000 00

$32,0 0 0

$32,150 00

$32,000 00

$ 30,000

$31,200 00

$30,000 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

187

Home Savings Bank — Concluded.
Total Am ount of Loans at Specified Rates of Interest.
Amount.

$1 7 4 ,9 3 2
120,371
894,5 0 0
60 ,0 0 0
165,000
30,0 0 0
1 ,578,983

Rate.

08
20
00
00
00
00
33

2J
3
3\
3§
3f
3f
4

per
per
per
per
per
per
per

Amount.

cent.
cent.
cent.
cent.
cent.
cent.
cent.

$50,0 0 0
346,075
105,000
1,376.406
2,500
18,678

Rate.

00
00
00
23
00
51

Amount.

4J per cent.
4 f per cent.
4^ per cent.
4\ per cent.
4 f per cent.
4§ per cent.

R e a l E sta t e b y F o r ec lo su r e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o sit A ccounts : —
Num ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.
.

.
.
,

.
.
.

.

.

$ 1 ,7 1 0 ,3 5 8
508,0 6 4
1 ,024,588
500,0 9 6
2 5,000
6 63,029

.
.
.

.
.
.

.
.
.

.

.
.
.
.

.

.
.
.

.
.
.

.

G ross I n c o m e

r e c e iv e d

T otal E x p e n se s

d u r in g

Y

5
5f
5\
5f
5f
6

per
per
per
per
per
per

cent.
cent.
cent.
cent.
cent.
cent.

$15,400 00
2 9 ,000 00
990 63

2 0,456
.
17,868
.

1,740 ,1 2 4 72
1 ,811,167 21

147
.
.

.

254,0 0 0 00
414
4 8 2 ,3 5 0 84

fo r

D iv id e n d s d e cl a r e d d u r in g Y
April, 1906, I f per cent.,
October, 1906, I f per cent.,
of

.
.
.

ear,

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$ 18,858 70
$ 9 ,986 44
Percentage to total assets, .
.0 0 1 7 3
.0 0 0 9 2

D ate

33
79
21
55
00
84

2,186
2,045
28,570

.

S ta t istic s o f L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

Rate.

ear

Total.
$28,845 14
.0 0 2 6 5

: —-

E x a m in a t io n , Ju n e 27, 28

$ 1 6 3,568 99
165,876 81
and

329,4 4 5 80

29.

HOOSAC SAVINGS BANK — NORTH ADAMS.
O . A . A r c h e r , President.
H . E. W

Investment Committee:

W . W . R ich m o n d , Treasurer.
eth erbee,

Clerk of the Corporation.

S. H . F a ir f ie l d , W . W . B u t l e r , E dm ond B is s a il l o n .

Incorporated April 19, 1871. Open for business every business day except W ednesdays
and Saturdays, 9 a . m . to 4 p . m . ; W ednesdays and Saturdays, 9 a . m . to 8 p . m .
Deposits commence to draw interest first day .of March, June, September and December.
Dividends are payable the first day of June and December.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

188

[Pub. Doc

REPORT OF THE
Hoosac Savings Bank —Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities.

A ssets.

Deposits,
G uaranty fund, .
Interest account, .

00
38
00
00
00
55
65
39
61
40
05
80
70
32
14

$25,0 0 0
339,6 3 4
10,000
500
5,000
732,383
171,961
55,105
8 9 ,053
8,191
7,409
5.991
1,232
8 ,646
4,681

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loan on public funds,
Loans on street railway bonds,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building, .
.
.
.
Premium account,
Furniture and fixtures,
Deposit in bank, on interest,
Deposits in banks, not on interest,
Accrued interest,
Cash on hand, .
.
.
.

$ 1 ,4 6 4 ,7 9 0 99

$ 1 ,4 6 4 ,7 9 0 99

C a s h o n D e p o s it in B a n k s , A m o u n t i n E ac h : —
North A dam s National Bank, N orth Adam s, .
N orth A dam s Trust Company, N orth Adam s,
Berkshire Loan and Trust Company, Pittsfield,

$1,179 54
5,991 80
53 16

L o a n o n P u b l ic F u n d s : —
$10,0 0 0 Comm onwealth of Massachusetts 3s, .
L o an s o n
$2,0 0 0
1.000
2 .000

St r e e t R a il w a y
Springfield Street
Springfield Street
Springfield Street

B o n d s, A m o u n t
R ailw ay Co. 4s,
R ailw ay Co. 4s,
R ailw ay Co. 4s,

on

$1,4 1 3 ,6 3 7 86
4 4 ,2 5 0 85
6 ,902 28

$500 00
Each:—
$ 2 ,000 00
1,000 0 0
2,000 00

Schedule of Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

$ 10,000
5 ,000
10,000

$11,175 00
5 ,262 50
9 ,700 00

$10,0 0 0 00
5 ,000 00
10,000 00

$ 25,000

$26,137 50

$ 2 5 ,0 0 0 00

Public Funds.
City of B a y City, Mich., 5s,
Sioux City, la ., 4^s,
.
W ilk es Barre, Pa., 3^s,

.

.

.

Bank Stocks.
53 shares Berkshire N a t’l Bank, N orth Adam s,

-

$185 50

-

Railroad Bonds.
Boston & Maine R .R . 3-§e,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-Js, .
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 3-Js,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 3^s,
.
.
.
.
Illinois Central R .R . 4s,
.
.
.
.
Michigan Central R .R . 3.jS,
.
.
.
.
N ew Y ork , N ew H aven & H artford R .R . 3-|s,
Peoria & Northwestern R .R . 3Js,

.

$ 12,000
6 0 ,000
37 ,0 0 0
7 ,000
5 ,000
5,000
6 8,000
5 ,000
7 2,000
6 0,000
15,000

$11,5 2 0
55 ,8 0 0
3 7 ,535
6 ,7 2 0
5 ,1 0 0
4 ,0 5 0
62 ,9 0 0
5 ,125
68 ,4 0 0
55 ,2 0 0
14,250

00
00
00
00
00
00
00
00
00
00
00

$ 1 2 ,0 0 0
59,271
37 ,0 0 0
7 ,0 0 0
5 ,0 0 0
4 ,4 2 5
6 7,500
5 ,000
69 ,5 0 6
58,343
14,587

00
88
00
00
00
00
00
00
25
75
50

$3 4 6 ,0 0 0

$ 3 2 6,600 00

$339,634 38

$10,000

$10,4 0 0 00

$10,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3Js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONED

189

Hoosac Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

$5,991 80

3

Amount.

per cent.

Rate.

$886,031 65

5

R e a l E st a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.
.
.
.
.

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
Assessed value, .
.
.

.

Amount.

per cent.

$23,813 55

8 9 ,5 0 0 00
1,452 61

O t h e r w is e : —

or

.

$ 5 5 ,1 0 5 39
32 ,4 5 0 00

.
5,459

3 5 1 ,3 2 6 65
’ 4 ,274
393,111 53
946
1,028
4 ,610

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

d u r in g

Y

387
4 4 6 ,6 2 8 64
333

ear,

6 2,407 96

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 4,400 00
$3 ,0 7 6 62
Percentage to total assets, .
. 00300
.0 0 2 1 0
for

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
June, 1906, I f per cent.,
D ate

of

per cent.

120,000 00

D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 1 9 0 6 ,.

G ross I n c o m e

6

$89,0 5 3 61

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

T o tal E x p e n se s

Rate.

E x a m in a t io n , O c to b er 24

Total.
$ 7,476 62
.0 0 5 1 0
$23,7 6 0 30
23,736 07

and

4 7 ,496 37

25.

HOPKINTON SAVINGS BANK — HOPKINTON.
W

il l ia m

A . F r a il , President.
F red A . W

F red A . W
ood ,

ood ,

Treasurer.

Clerk of the Corporation.

Investment Committee:

W il l ia m A . F r a il , M a r t in V . P h ip p s , J. D a v id
J o h n B . M o o r e , W in s l o w C. P ie r c e , F r e d A . W o o d .*

St e w a r t ,

Incorporated March 23, 1867. Open for business every business day except W ednesdays
and Saturdays, 9 a . m . to 2 p . m .; W ednesdays and Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first Saturday of February, M ay, August and
Novem ber. Dividends are payable the first Saturday of M ay and N ovem ber.
W ill be dropped at annual m eeting in M ay next.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

190

[Pub. Doc

Hopkinton Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on bank sto c k s,.
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Taxes paid on m ortgaged properties,
.
.
.
.
.
Deposit in bank, on interest,
Deposit in bank, not on interest,
Cash on hand, .
.
.
.

$56,2 0 0
39,611
167,549
4 ,9 7 5
. 600
10,800
91 ,5 9 6
1 2,040
2 1,758
967

00
50
25
00
00
00
00
00
20
05

60
8 ,0 2 8
1,000
15,815

00
98
00
68

Deposits,
Guaranty fund, .
Profit and loss account,

$431,001 66

Ca s h o n D e p o s it i n B a n k : —
H opkinton National Bank, H opkinton,
L oan
8

$400,945 38
19,597 54
10,458 74

$431,001 66

.

.

.

B a n k St o c k s : —
shares H opkinton National Bank, H opkinton,

.

.

$9 ,0 2 8 98

on

.

Par Value.

Schedule of Securities Owned .

.

.

.

$600 00

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3s, .
Massachusetts 34s , .
.
.
County of Aroostook, Me., 44s,
City of Boston, Mass., 4s,
.
Chicago, 111., 4s,
.
Haverhill, Mass., 4s, .
Portland, Me., 6s,
.

.

.
.
.
.

.
.
.
.

$10,0 0 0
10,000
5 ,000
10,000
10,000
5,000
6,000

.
.
.
.
.

.

$56,000

$ 9,500
10,000
5 ,125
10,200
10,100
5,007
6 ,060

00
00
00
00
00
50
00

$55,9 9 2 50

.

$10,0 0 0
10,000
5 ,000
10,200
10,000
5 ,000
6 ,000

00
00
00
00
00
00
00

$56,200 00

Bank Stocks.
10
50
50
50
15
25
15
10
48
5
10
25
5
54
20

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Greylock National Bank, Adam s,
Atlantic National Bank, Boston,
Commonwealth Trust Co., Boston,
Continental National Bank, Boston, .
Faneuil H all N a t’l Bank, Boston,
First National Bank, Boston,
N a t’l B ank of the Republic, Boston, .
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
State National Bank, Boston,
W ebster & Atlas N a t’l Bank, B o sto n ,.
Franklin National Bank, Franklin,
N atick National Bank, Natick, .
Quinsigamond N ’l B ’k, W orcester,
W orcester N a t’l Bank, W orcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
5,000
5,000
-

.

1,500
2,500
1,500
1,000
4 ,800
500
1,000
2 ,500
500
-

2 ,000
$28,800

$1 ,8 8 0
7 ,250
9 ,0 0 0
250
2 ,175
7,375
2 ,475
1,600
13,104
745
1,480
3 ,125
750
81 0
4 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1 ,5 0 0 00
6 ,250 00
7 ,500 00

$56,019 00

$39,611 50

-

1,950
2 ,750
1,950
1,250
7 ,200
500
1,187
2 ,750
500
404
3 ,920

00
00
00
00
00
00
50
00
00
00
00

No. 8 .]

BANK COMMISSIONER

191

Hopkinton Savings Bank — Continued.
Estimated
Market Value.

Par Value.

Schedule of Securities Owned.

Book Value.

Railroad Bonds.
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
.
.
Boston & Maine R .R . 4s,
Chicago, Burlington & Quincy R .R . 3-|s, .
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
.
H annibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3s,
Illinois Central R .R . 3^s,
Joliet & Northern Indiana R .R . 7s,
Lake Shore & Michigan Southern R .R . 3|-s,
Maine Central R .R . 4Js,
Michigan Central R .R . 3^s,
N ew port & Richford R .R . 5s,
N ew Y ork , Central & H udson R iver R .R . 3-§s,
N ew Y ork , New H aven & H artford R .R . 3-jS,
N ew Y ork , N ew H aven & H artford R .R . 4s,
O ttum w a, Cedar Falls & St. Paul R .R . 5s,
Pittsburgh, Virginia & Charleston R .R . 4s,
Portland & Ogdensburg R .R . 3-§s, .
Portland & R um ford Falls R .R . 4s,
St. Johnsbury & Lake Champlain R .R . 5s,

$10,100
10,250
5,125
9 ,250
10,150
5,100
5,375
3,900
13,775
5,062
4 ,750
1,025
4,700
10,200
4 ,700
4 ,600
10,125
10,200
10,300
4,925
15,300
7,200

$ 10,000
10,000
5 ,000
10,000
10,000
5,000
5 ,000
5 ,000
15,000
5,000
5,000
1,000
5,000
10,000
5 ,000
5 ,000
10,000
10,000
10,000
5,000
15,000
6,000

00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00

$167,000

$166,112 50

$ 5 ,000

$ 4,500 00

$10,000
10,000
5,000
10,000
10,000
5,100
5,605
4,537
15,000
5,000
4,993
1,000
4,931
10,000
4,975
4 ,825
10,125
10,000
10,500
4,956
15,000
6,000

00
00
00
00
00
00
50
50
00
00
75
00
25
00*
00
00
00
00
00
25
00
00

$167,549 25

Street R ailw ay Bonds.
$4,975

*
O
o

Boston & Northern Street Railw ay Co. 4s,

* Legal investm ents when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 8,028 98
8 ,8 0 0 00
14,500 00

Rate.

Amount.

21 per cent.
4 per cent.
4J per cent.

Rate.

$ 10,000 00
41 ,2 5 0 00
14,000 00

Amount.

4 f per cent.
5 per cent.
5% per cent.

R e a l E s t a t e b y F o r e c lo su r e o r O t h e r w is e : —
Am ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W i t h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
.
A m ount of same,
. '
.
.
.
D e p o sit A c counts : —r
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.
.
.

.
.

.
.

.
.
.

$26,486 00

. ■
.

.
.

.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

.

.

.

.
.
.

.
.
.

.

$ 2 1 ,7 5 8 20
18,500 00
463 96

62,591 42
714
.

.
.
.

5 8,446 98

127
84
. 1,246

.

. 9 1
.
89

.
.
.

6 per cent.

819

.
.
.
.

.

.
.

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

.
.

.
.

.
.
.
.

Rate.

60 ,5 3 6 00

.
.

.

18,623 44

[Pub. Doc

REPORT OF THE

192

Hopkinton Savings Bank — Concluded.
T otal E x p e n s e s

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 1,737 50
$ 395 68
Percentage to total assets,
.0 0 4 0 3
.0 0 0 9 1
fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, 2 per cent.,
.
M ay, 1906, 2 per cent.,
.
.
D ate

of

.
.

.
.

.
.

.
.

Total.
$ 2,133 18
.0 0 4 9 4
$ 7,365 02
7,401 39

$ 14,766 41

E x a m in a t io n , Ju n e 19.

HUDSON SAVINGS BANK — HUDSON.
G eo r g e B . C o c h r a n , President.
D a n ie l W . S t r a t t o n , Treasurer.
F red O . W e l ^ h , Clerk of the Corporation.

Investment Committee:

G e o r g e B . C o c h r a n , J o seph S. B r a d l e y , H e n r y T o w e r ,
J o h n H . R o b in s o n , G eo r g e A . T r ip p .

Incorporated Feb. 26, 1869. Open for business every business day, 9
1.30 to 4 .3 0 p . m . ; also 6 to 8 p . m . on Saturdays.

a .m .

to 12

m .,

Deposits commence to draw interest the third W ednesd ay of January, April, July and
October. Dividends are payable Thursday following third W ed n esd ay of January
and July.
B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Stocks, bonds, etc., taken to secure indebtedness, .
Expense account,
Prem ium account,
Taxes paid on m ortgaged properties,
.
.
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 9 8,900
15,000
510,225
6 0,000
2 0,000
1,100
6 4 ,800
6 65,120
9 ,7 7 5
4,500
4 3,500

00
00
00
00
00
00
00
00
00
00
00

$1,530,641 02
54,900 00
23,358 15
8,055 19
20,365 00

100 00
998 16
16,640 00
1,847 47
23,966 94
846 79
$ 1 ,6 37,319 36

C a sh o n D e p o sit in B a n k s , A m o u n t in E ac h : —
First National Bank, Boston,
Old Colony Trust Company, Boston,
H udson National Bank, Hudson, .
L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
8 shares H udson National Bank, Hudson,
6 shares National Rockland Bank, R oxbury, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .
Due on mortgage
loans,

$1,637,319 36

$17,086 58
569 53
6 ,310 83
$500 00
600 00

No. 8.]

BANK COMMISSIONER

193

Hudson Savings Bank — Continued.
Schedule of Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
County of W ashington, M e., 4s,
.
C ity of Augusta, M e., 4s,
.
.
.
.
B a y City, M ich., 5s,
Berlin, N . H ., 4s,
.
.
.
Boston, Mass., 34s,
.
.
.
.
Brockton, M ass., 4s,
Brunswick and Topsham , Me. (W ater
District), 4s, .
Canton, 0 ., 34s, .
.
.
.
.
Chicago, 111., 4s,
.
.
.
.
Chicopee, Mass., 4s,
Fall River, M ass., 5s, .
Marlborough, Mass., 4s,
Portsmouth, N . H ., 4s,
Rockville, Conn., 4s, .
South Norwalk, Conn., 4s, .
T roy, N . Y ., 4s, .
Y ork , Pa., 4s,
.
.
.
.
.
T ow n of Billerica, Mass., 4s, .
Gardner, Mass., 4s, .
.
.
.
Gorham, N . H ., 4s, .
N o. K ingston, R . I., 4s,
W allingford, Conn., 3.65s, .

$ 10,000
5 ,000
5 ,000
5 ,000
25,000
20,000

$10,2 5 0
5 ,1 2 5
5 ,500
5 ,075
24 ,0 0 0
20 ,5 2 5

00
00
00
00
00
00

$ 1 0 ,0 0 0
5 ,000
5 ,000
5 ,0 0 0
2 5 ,0 0 0
20 ,0 0 0

00*
00
00
00
00
00

5,000
5,000
25,000
4 ,000
5,000
10,000
5,000
5,000
5,000
5,000
5,000
10,000
10,000
15,000
■ 5 ,000
10,000

5 ,100
4 ,8 5 0
25,2 0 0
4 ,1 2 0
5,125
10,250
5 ,150
5 ,150
5 ,2 0 0
5 ,150
5,175
10,300
10,350
15,375
5 ,200
9 ,9 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

5 ,0 0 0
4 ,9 0 0
25 ,0 0 0
4 ,0 0 0
5 ,000
10,000
5 ,000
5 ,0 0 0
5 ,0 0 0
5 ,000
5 ,0 0 0
10,000
10,000
15,000
5 ,000
10,000

00
00f
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$199,000

$ 2 0 2,070 00

$1 9 8 ,9 0 0 00

B ank Stocks.
25
10
75
50

shares
shares
shares
shares

National Union Bank, Boston, .
Trem ont National Bank, Boston,
Hudson National Bank, Hudson,
National City Bank, Lynn,

$ 2 ,500
350
7,500
5,000

$4 ,5 0 0
10
10,500
7,750

00
00
00
00

$2 ,5 0 0 00
_
7 ,5 0 0 00
5 ,0 0 0 00

$15,350

$22,7 6 0 00

$ 1 5 ,0 0 0 00

$15,000
5,000
10,000
20,000
16,000
5,000
1,000
15,000
15,000
5,000
10,000
11,000
20,000
11,000
5,000
10,000
5,000
2 3 ,000
3 0 ,000
19,000

$17,7 0 0
5,125
10,400
19,000
16,480
5 ,150
1,235
13,875
16,800
4 ,7 5 0
10,150
10,450
20 ,2 0 0
11,110
3 ,7 5 0
10,775
3 ,9 5 0
2 1,145
30 ,5 0 0
19,095

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$15,0 0 0
5 ,0 0 0
10,000
20,0 0 0
16,000
5 ,000
1,000
15,000
15,000
5 ,0 0 0
10,000
11,000
20 ,0 0 0
11,000
5 ,000
10,000
4 ,4 0 0
2 2 ,050
30 ,0 0 0
19,000

5 ,000
2 0,000
8 ,000
5 ,000
2 5,000
15,000

5 ,100
18,800
8 ,8 0 0
6 ,150
2 3,500
18,450

00
00
00
00
00
00

5 ,0 0 0
19,300
8 ,0 0 0
5 ,0 0 0
24,6 0 0
15,000

Railroad Bonds.
Bangor & Aroostook R .R . 5s,
.
.
.
Beech Creek R .R . 4s,
.
.
.
.
.
Bennington & R utland R .R . 44s,
Boston & A lb an y R .R . 34s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston & N ew Y o rk Air Line 4s,
Cedar R apids & Missouri R iver R .R . 7s, .
Chicago, Burlington & Quincy R .R . 34s, .
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 34s,
Concord & Montreal R .R . 4s, .
Erie & Pittsburg R .R . 34s,
.
.
.
.
Fitchburg R .R . 4s,
Fitchburg R .R . 5s,
Grafton & U pton R .R . 4s,
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 34s,
.
.
.
.
Illinois Central R .R . 4s,
.
. • .
Maine Central R .R . 4s, .
M aine Central & European and N orth Am erican
R .R . 4s,
.
.
.
.
.
.
.
Michigan Central R .R . 34s,
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
Milwaukee, Lake Shore & W estern R .R . 6s,
N ew York Central & H udson R iver R .R . 34s, .
N ew Y ork, Lackawanna & W estern R .R . 6s,

* Legal investments when made.
t N ot a legal investment when purchased, and since disposed of.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00

[Pub. Doc

REPORT OF THE

194

Hudson Savings Bank — Continued.
Par Value.

Schedule of Securities Owned .

Railroad Bonds — Concluded.
N ew Y ork , New H aven & H artford R .R . 3-J-s,
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Penobscot Shore Line R .R . 4s,
Peoria & Northwestern R .R . 3^s,
Plain view R .R . 7s,
Portland & R um ford Falls R .R . 4s,
Princeton & Northwestern R .R . 3|s,
Rochester & Northern Minnesota R .R . 7s,
R um ford Falls & Rangeley Lakes R .R . 5s,
St. Johnsbury & Lake Champlain R .R . 5s,
T roy & Boston R .R . 7s,
.
.
.
.
U pper Coos R .R . 4-Js,
.
.
.
.
.
W ashington County R .R . 3- j S, .
.
.
.
W in o n a & St. Peters R .R . 7s,
.
.
.

$10,000
40,0 0 0
10,000
10,000
5,000
5 ,000
10,000
5,000
10,000
5,000
2 5,000
2 0,000
10,000
10,000
10,000

.

$514,000

Estimated
Market Value.

$ 9 ,150
40 ,7 0 0
10,250
10,150
4 ,725
5 ,250
10,200
4 ,7 2 5
10,500
5 ,400
3 0 ,000
27,800
10,700
9 ,100
11,350

Book Value.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$532,440 00

$9,775
4 0 ,0 0 0
10,000
10,000
4 ,8 0 0
5 ,000
1 0,000
4 ,8 0 0
10,000
5 ,000
25 ,0 0 0
2 0,000
10,000
9 ,5 0 0
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$5 1 0 ,2 2 5 00

Street Railway Bonds.
$10,0 0 0
10,000
15,000
5 ,000
20 ,0 0 0

00
00
00
00
00

00
00
00
00*
00*

$ 10,000
10,000
15,000
5 ,000
2 0,000

$10,225
11,150
16,500
5,075
2 1,800

$ 6 0 ,0 0 0

$64,7 5 0 00

$60,0 0 0 00

$20,000

$20,800 00

$20,0 0 0 00

B oston Elevated R ailw ay Com pany 4s,
H o lyo k e Street R ailw ay Company 5s,
Leominster, Shirley & A yer St. R ailw ay Co. 5s,
Low ell & Suburban R .R . 5s, .
L y n n & Boston Railroad Company 5s,

Boston Term inal Com pany Bonds.
B o ston Terminal Company 3-jS,

* Legal investm ents when made.

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

Amount.

Rate.

$14,0 0 0
4 2 4 ,5 6 0
221,7 3 0
28 ,5 0 5

00
00
00
00

R e a l E st a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

$6 ,8 8 0
17,086
32 ,8 0 0
1 8 ,000

36
58
00
00

2

per cent.

2% per cent.
3^ per cent.
4 per cent.

4-|
5
5£
6

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$450 00
750 00

D e p o s it A cco u n t s : —
Num ber opened during year,
N um ber closed during year,
Total number Oct. 31, 1 9 0 6 ,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

7

per cent.

7\ per cent.

$ 4 3 ,5 0 0
43 ,5 0 0
3 6 ,6 0 0
2 ,324

.
.
.
.

R e a l E st a t e b y F o r e c l o su r e or O t h e r w is e : —A m ount invested,
.
.
.
.
. *
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,

Rate.

.

00
00
00
00

4 ,5 0 0 00
5 ,5 4 0 00
217 08
6,476
3 16,916 00

.
3,667

3 1 0 ,9 2 5 52
968
636
5 ,085

No. 8.]

BANK COMMISSIONER

195

Hudson Savings Bank — Concluded.
S t a t ist ic s o f L o a n s : •—
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T otal E x p e n se s

d u r in g

Y

ear,

.

.

.

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $ 2,830 51
$1,147 69
Percentage to total assets, .
.0 0 1 7 2
.0 0 0 7 0
fo r

Y

352
.

of

$356,450 00
387

.

.

7 4,196 40

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
D ate

.

.

E x a m in a t io n , M a y 23

and

.
.

.
.

Total.
$3 ,9 7 8 20
.0 0 2 4 2
$24,6 0 8 20
25 ,1 9 6 22

4 9,804 4 2

24.

HYDE PARK SAVINGS BANK — HYDE PARK.
R o b er t B l e a k i e , President.
A r t h u r H . B u r t , Treasurer.
A r t h u r H . B u r t , Clerk of the Corporation.

Investment Committee:

R o b er t B l e a k i e , F r e d e r ic k N . T ir r e l l , D a v id P e r k in s ,
H e n r y S. B u n t o n , F r a n k l in C. G r a h a m .

Incorporated March 8, 1871. Open for business every business day, 11
also Saturdays, for deposits only, 6 to 8 p . m .

a .m .

to 4

p . m .;

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the fifteenth day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc. .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L iabilities.

$ 1 4 ,6 0 0
2 2 1 ,5 8 7
2 1 ,0 0 0
4 ,3 0 0
5 7 ,0 0 0
4 00
783,7 8 0
2 4 4 ,4 5 0
18,903
6 ,0 0 0
1,528
61 ,5 8 8
3 ,9 8 0

00
50
00
00
00
00
00
00
55
00
59
08
93

$ 1 ,4 39,118 65

C a sh o n D e p o sit in B a n k s , A m o u n t i n E a c h : —
Commonwealth Trust Company, Boston,
First National Bank, Boston, .
.
National Shawmut Bank, Boston,
H yde Park National Bank, H y d e Park,
L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
5 shares W achusett National Bank, Fitchburg,
50 shares D edham N ational Bank, Dedham , .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .
Due on mortgage
loans,

$ 1 ,3 23,788 19
6 2,526 46
2 4,643 29
27,869 65
291 06

$ 1 ,4 3 9 ,1 1 8 65

$4,209
43 ,2 8 6
1 0 ,0 6 8
4 ,023

16
00
99
93

$300 00
4 ,0 0 0 00

KEPORT OF THE

196

[Pab. Doc

Hyde Park Savings Bank — Continued.
Estimated
Market Value.

Par Value.

Schedule of Secubities Owned .

Book Value.

B ank Stocks.
10
8
20
31
19
13
6
25
14

shares
shares
shares
shares
shares
shares
shares
shares
shares

First National Bank, Boston,
Freemans National Bank, Boston,
Merchants National Bank, Boston,
National B ank of Commerce, B oston,.
N a t’l B ank of the Republic, Boston, .
National Exchange Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
First National Bank, New buryport, .

$ 1,000
800
2 ,000
3 ,100
1,900
1,300
600
2 ,500
1,400

$2 ,9 5 0
920
4 ,2 0 0
4 ,9 6 0
3 ,135
2 ,0 8 0
1,338
3 ,7 2 5
1,680

00
00
00
00
00
00
00
00
00

$1 ,0 0 0
8 00
2 ,0 0 0
3 ,1 0 0
1,900
1,300
600
2 ,5 0 0
1,400

00
00
00
00
00
00
00
00
00

$14,600

$24,9 8 8 00

$14,6 0 0 00

$ 11,000
5 .000
3 .000
10,000
10,000
8 .000
10,000
10,000
3 8.000
3 6.000
3 0.000
2 ,000
2 0.000
10,000
15,000
5 ,000

$11,1 1 0
5 .150
3 ,195
9 ,2 5 0
10,000
8 ,2 4 0
10,750
9 .1 5 0
38 ,0 9 5
41 ,0 4 0
31 ,3 5 0
2 ,0 0 0
19,700
10,000
15,300
5 ,125

$11,0 0 0
5 .000
3 .000
9 ,375
1 0,000
8 .0 0 0
10,000
9 ,4 6 2
3 8 .0 0 0
36 .0 0 0
3 0 .0 0 0
2 ,0 0 0
19,750
10.000
15,000
5 ,0 0 0

Railroad Bonds.
Boston & A lb an y R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4s,
Cedar R apids & Missouri R iver R .R . 7s, .
Chicago, Burlington & Quincy R .R . 3-jS, .
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 4Js,
.
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3^s,
.
.
.
.
K ansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 7s, .
Michigan Central R .R . 6s,
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
Portland & Ogdensburg R .R . 3^s,
U pper Coos R .R . 4s,
.
.
.
.
.
W in o n a & St. Peters R .R . 7s, .
.
.
.
W orcester, Nashua & Rochester R .R . 4s,

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 2 2 3,000

$ 2 2 9,455 00

$ 9,000
12,000

$9 ,8 1 0 00
12,360 00

$ 21,000

$22,170 00

00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00

$ 2 2 1,587 50

Street Railw ay Bonds.
L yn n & Boston R ailroad Com pany 5s,
W e st E nd Street R ailw ay Com pany 4s,

$9 ,0 0 0 0 0 *
12,000 00
$21,0 0 0 00

* A legal investm ent when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$18,302 08
43,2 8 6 00
2 .0 0 0 00

Rate.

2 per cent.
2J per cent.
4 per cent.

Amount.

$81,0 0 0 00
718,0 2 0 00
136,900 00

R e a l E s t a t e f o r B a n k in g P u r p o se s : —
A m ou n t invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value,
.
.
.
.

Rate.

Amount.

4 \ per cent.
5 per cent.
5J per cent.

$ 1 5 2,010 00

6

per cent.

.
.
.

.
.
.

$ 6 ,0 0 0 00
20,0 0 0 00
2 1 ,5 0 0 00

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.

.

18,903 55
20 ,4 5 0 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

Rate.

No. 8.]

BANK COMMISSIONER.

197

Hyde Park Savings Bank — Concluded
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

9 ,228
$376,814 31
’ 5,187
302,269 56

D e p o sit A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

997
666
5,521

S t a t is t ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

7 0,834 20

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent.,
July, 1906, 2 per cent.,
D ate

of

4 5 7 ,2 3 0 00

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $2,325 05
$1 ,5 6 4 90
Percentage to total assets, .
.00 1 6 1
.0 0 1 0 9
fo r

291
3 38

Total.
$ 3,889 95
.0 0 2 7 0
$ 2 2 ,2 7 6 46
2 3,433 78

4 5 ,7 1 0 24

E x a m in a t io n , Ja n u a r y 1.

INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS
VIC IN ITY. — NEWBURYPORT.
H e n r y B . L it t l e , President.
L a w r e n c e W . P ip e r , Treasurer.
G eo r g e F . A v e r y , Clerk of the Corporation.

Investment

Committee:

H e n r y B . L it t l e , L a w r e n c e B . C u s h in g , G e o r g e W . P i p e r ,
T . C. S im p so n , F . F . M o r r il l .

Incorporated Jan. 31, 1820.

Open for business every business day, 8 .3 0

a .m .

to 2

p .m .

Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the fourth W ednesday of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.
Assets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building and fixtures,
D eposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L iabilities .

$1,5 7 6 ,4 2 4
344,3 2 0
1,8 3 2 ,8 5 7
25 ,0 0 0
3 ,5 0 0
3 0 ,3 0 0
1,696,516
1,633 ,5 6 0
8 1,349
4 7,887
48 ,7 4 7
1,237

00
00
50
00
00
00
00
00
27
21
72
14

$7,3 2 1 ,6 9 8 84

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .
Prem ium account,

$ 6 ,8 0 7 ,6 8 4 76
3 3 6 ,0 0 0 00
1 4 4 ,3 9 1 38
1 ,8 3 4 76
3 1 ,7 8 7 94

$ 7 ,3 2 1 ,6 9 8 84

[Pub. Doc

REPORT OF THE

198

Institution for Savings in Newburyport, etc. — Continued.
C a sh o n D e p o s it in B a n k s , A m o u n t
First National Bank, Boston,
First National Bank, Newburyport,

in

E ac h : —
$ 9,962 53
3 8,785 19

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
52 shares Marblehead National Bank, Marblehead,
1 share First National Bank, Newburyport,
7 shares Ocean National Bank, Newburyport,

3 ,0 0 0 00 *
500 0 0 t

* In liquidation.
f The bank has been notified that this loan is in excess of the legal lim it.

S

c h e d u le

o f

Se

O

c u r it ie s

w n e d

.

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3 Js, .
.
.
.
.
.
C ounty of Aroostook, Me., 4-J-s,
C ity of Altoona, Pa., 4 s ,.
A kron, O ., 4s,
.
.
.
.
.
Akron, O ., 4-^-s, .
.
.
.
.
Akron, O ., 5s,
.
.
.
.
.
B a y City, M ich., 4s,
.
.
.
.
Boston, Mass., 4s,
.
.
.
.
Brockton, Mass., 3^s, .
.
.
.
Burlington, V t., 4s,
.
.
.
.
Canton, O., 3-|-s, .
.
.
.
.
Central Falls, R . I., 4s,
.
.
.
Chelsea, Mass., 4s,
.
.
.
Chicago, 111., 4s,
.
.
.
.
Chicopee, Mass., 4s,
.
.
.
.
D ayton, O., 3-J-s,
.
.
.
.
D ayton, O., 4s, .
.
.
.
.
Dover, N . H ., 4s,
.
.
.
Dubuque, la ., 4s,
.
.
.
Everett, Mass., 4s,
.
.
.
.
Haverhill, Mass., 4s,
.
.
.
.
Johnstown, Pa., 3-¿-s, .
.
.
.
Kansas City, M o., 4s, .
.
.
.
Lawrence, Mass., 4s,
Lynn, Mass., 4s,
.
.
.
.
Manchester, N . H ., 4s,
Minneapolis, M inn., 3^s,
.
.
New buryport, Mass., 4s,
.
.
.
Pawtucket, R . I., 4s, .
Saginaw, M ich,, 3^-s, .
.
.
.
Saginaw, Mich., 4s,
South Bend, Ind., 3Js,
South Bend, Inch, 4s, .
South Bend, Ind., 5s, .
Springfield, O., 4s,
.
.
.
.
St. Joseph, M o., 3^s, .
.
.
.
Taunton, Mass., 4s,
.
.
.
.
W alth am , Mass., 4s,
.
.
.
.
W ilkes-B arre, Pa., 3£s,
Youngstow n, O., 5s,
Y ork , Pa., 4s,
Tow n of Beverly, Mass., 4s,
Marblehead, Mass., 4s,
Marlborough, Mass., 4s,
Stoughton, Mass., 4s,
Turners Falls, Mass. (Fire District), 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$175,000
4 5,000
30,0 0 0
2 5,000
2 0,500
2,000
10,000
150,000
4 ,0 0 0
5 0 ,000
2 0,000
2 5,000
3 2,000
5 8,000
50,000
3 0.000
2 5.000
20,000
2 5,000
2 5,000
7 5,000
25,000
25,000
2 5,000
2 5,000
10,000
3 4,000
141,500
1,000
10,000
10,000
16,500
5 ,000
2 0,000
10,000
5 0,000
46 ,0 0 0
12,000
12,000
28 ,4 2 4
26,000
14,000
42 ,5 0 0
3 1,000
5 0,000
10,000
$1,5 7 6 ,4 2 4

Legal investments when m ade.

$ 1 7 9,000
46 ,1 2 5
30,7 5 0
25,0 0 0
21 ,3 2 0
2 ,000
10,100
152,625
3 ,8 8 0
5 1 ,850
19,100
25 ,0 0 0
32 ,6 4 0
58,768
5 0,750
28 ,9 0 0
2 5,375
2 0,000
2 5,250
2 5,468
7 6,125
23,5 0 0
2 5,750
2 5,187
25 ,5 6 2
10,000
3 2,470
142,660
1,000
9 ,4 0 0
10,050
16,087
5 ,000
2 0,350
10,000
4 8 ,0 0 0
47 ,1 5 5
12,000
11,670
29 ,1 3 4
2 6,325
14,052
43,171
31 ,2 3 2
50 ,3 7 5
10,075

00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
75
00
00
00
50
50
00
00
00
00
00
00
50
00
00
00
00
00
00
00
60
00
50
87
50
00
00

$ 1 7 5,000
45.0 0 0
30 .0 0 0
2 5,000
20 ,5 0 0
2 ,000
10,000
150,000
4 ,0 0 0
5 0,000
2 0,000
25 ,0 0 0
32 ,0 0 0
5 8,000
50,0 0 0
30,0 0 0
25,0 0 0
2 0,000
25,0 0 0
2 5,000
75 ,0 0 0
25 ,0 0 0
25 ,0 0 0
25 ,0 0 0
25 ,0 0 0
10,000
3 4 ,000
141,500
1,000
10,000
10,000
16,500
5 ,000
20,0 0 0
10,000
50,0 0 0
46,0 0 0
12,000
12,000
28,424
2 6,000
14,000
42,500
3 1,000
5 0,000
10,000

00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00*
00 *
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,5 9 0 ,2 3 6 47 $1,5 7 6 ,4 2 4 00

BANK COMMISSIONER.

No. 8.]

199

Institution for Savings in Newburyport, etc.— Continued.
S

c h e d u le

o f

Se

c u r it ie s

O

w n e d

.

Estimated
Market Value.

Par Value.

Book Value.

Bank Stocks.
100
50
240
250
169
173
221
100
2 50
2 08
100
100
5 20
101
250
2 25
60
56
108

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Commonwealth Trust Co., Boston,
Commercial N a t’l Bank, Boston,
Faneuil H all, N a t’l B ’k, Boston,
F irst National Bank, Boston, .
Freemans N a t’l B ’k, Boston,
Merchants N a t’l B ’k, Boston,
N a t’l B ’k of Commerce, Boston,
N a t’l Exchange Bank, Boston,
N a t’l Shawm ut Bank, Boston, .
N ational Union Bank, Boston,
New England N a t’l B ’k, Boston,
Old Boston N a t’l Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Trem ont National B ’k, Boston,
W ebster & A tlas N ’l B ’k, B oston,
Gloucester N a t’l B ’k, Gloucester,
First N a t’l Bank, Newburyport,
Mechanicks N ’l B ’k, N ew bury­
port, .
.
.
.
.
1 ,2 2 6 shares Merchants N ’l B ’k, N ew buryport,
112 shares Ocean N a t’l B ’k, New buryport,
23 shares W arren National B ’k, Peabody,

810,000
5 ,000
24 ,0 0 0
25 ,0 0 0
16,900
17,300
22,100
10,000
25,000
2 0,800
10,000
10,000
52,0 0 0
10,100

_

$18,000
6,900
3 4,800
7 3,750
19,435
3 6,330
3 5,360
16,000
6 8 ,250
3 7,440
14,000
11,000
115,960
15,049
250
3 3 ,300
7,500
6 ,720

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

648
28,198
6 ,720
2,415

00
00
00
00

2 4,520 00
5,600 00
2,300 00

$588,025 00

$344,320 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00

2 2,500 00
6 ,000 00
5 ,600 00

_
2 4 ,520 00
5 ,600 00
2 ,300 00
$324,720 00

$ 15,000
7,000
2 4 ,000
2 5 ,000
16,900
17,300
2 2 ,100
10,000
37,500
20 ,8 0 0
10,000
10,000
5 2,000
10,100
100
2 2,500
6 ,000
5,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

_

Railroad Bonds.
Beech Creek R .R . 4s,
.
.
.
.
B oston & Lowell R .R . 4s, .
.
.
.
Boston & Maine R .R . 4-^s,
Burlington & Missouri R iver R .R . 6s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 6s,
Concord & Montreal R .R . 4s, . .
D exter & Piscataquis R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
.
Freemont, Elkhorn & Missouri Valley R .R . 6s,
Hannibal & St. Joseph R .R . 6s, .
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 4s,
.
.
.
.
Maine Central & European and N orth A m eri­
can R .R . 4s, .
.
.
.
.
.
Maine Central R .R . 4s,
.
.
.
.
M aine Central R .R . 7s,
N ew Y ork , New H aven & H artford R .R . 4s,
Norwich & W orcester R .R . 4s, .
O ld Colony R .R . 4s, .
.
.
.
.
Portsm outh, Great Falls & Conway R .R . 4-Js,
Pittsburgh, Virginia & Charleston R .R . 4s, .
Penobscot Shore Line R .R . 4s,
Portland & Ogdensburg R .R . 3-¡¿s,
Pennsylvania R .R . 6s,
.
.
.
.
R om e, W atertow n & Ogdensburgh R .R . 5s, .
R om e, W atertow n & Ogdensburgh R .R . 6s,
U pper Coos R .R . 4s, .
U p per Coos R .R . 4Js,
W orcester, Nashua & Rochester R .R . 4s,

$25,0 0 0
100,000
85,000
6 7,400
93 ,0 0 0
70 ,0 0 0
2 5 ,000
15,000
250,000
2 5,000
28 ,0 0 0
75 ,0 0 0
7 6 ,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$25,500
101,250
95 ,2 0 0
7 4,140
9 4 ,365
7 9,100
2 5,375
15,225
252,600
3 3,750
3 0,100
5 8,500
77,265

00
00
00
00
00
00
00
00
00
00
00
00
00

$25,0 0 0
100,000
8 5,000
67,400
9 3,000
70,000
25,000
15,000
250,000
25,000
28,000
67,125
7 6,000

00
00
00
00
00
00
00
00
00
00
00
00
00

3 9 ,0 0 0
24 ,0 0 0
76 ,0 0 0
225,000
5 0,000
120,000
10,000
2 5 ,000
100,000
100,000
24,332
25,000
12,000
2 5 ,000
11,000
40 ,0 0 0

00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

39,780
2 4,000
8 6,640
230,437
50,875
124,200
11,100
2 5,750
102,250
9 8 ,500
25,792
28,125
12,780
2 5,000
11,770
41,0 0 0

00
00
00
50
00
00
00
00
00
00
45
00
00
00
00
00

3 9,000
24,000
76,000
225,000
50,000
120,000
10,000
2 5,000
100,000
100,000
24,332
2 5,000
12,000
25,000
11,000
40,0 0 0

00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

$ 1 ,8 40,732 50 $ 1 ,9 00,369 95 $ 1 ,8 32,857 50

Street Railw ay Bonds.
L ynn & Boston Railroad Company 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$25,0 0 0 0 0

A legal investm ent when m ade.

$27,250 00

$ 25,000 0 0 *

200

REPORT OF THE

[Pub. Doc.

Institution for Savings in Newburyport, etc. — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 9 ,9 6 2
38,785
5 ,000
4 0 9 ,5 0 0

Rate.

53
19
00
00

Amount.

2£ per cent.
3.7 6 per ct.
3^ per cent.
4 per cent.

Rate.

$ 2 1 2,500
541,350
284,5 0 0
1,440,981

00
00
00
00

4J
4-J4f
5

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$25,0 0 0 00
230,5 7 0 00
214,475 00

R e a l E s t a t e fo r B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
.
Assessed value,
.
.
.
.
.
R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

D e p o s it A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.

,

.

8 1,349 27
9 3 ,0 0 0 00

.

.

.

.

.

7 ,565
711,9 3 5 40
8,146

.
.
.

803,1 7 3 78
.
.

.

.

.

1,258
1,029
13,376

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

of

375,0 2 9 0 0
503
320,6 2 4 9 5

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
.
October, 1906, 2 per cent., .
.
.
D ate

447

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$9 ,5 5 8 30
$ 1,417 61
Percentage to total assets,
. 00130
.0 0 0 1 9
fo r

5J per cent.
5^- per cent.
6 per cent.

$47 887 21
47,887 21
35 ,0 0 0 0 0

O t h e r w is e : —
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

Rate.

E x a m in a t io n , N o v e m b e r 12

and

.
.

.
.

Total.
$10,9 7 5 91
.0 0 1 4 9
$129,8 8 5 66
131,382 44

261,2 6 8 1 0

13.

INSTITUTION FOR SAVINGS IN ROXBURY AND ITS
V IC IN IT Y — BOSTON.
Ch a r l e s G. S m it h , President.
R o b e r t G . M o l i n e u x , Treasurer.
R o b er t G . M o l i n e u x , Clerk of the Corporation.

Investment Committee:

Ch a r l e s

G. Sm it h , J o h n D . W
Ja m e s A . H o u s t o n .

il l ia m s ,

E d w in

IT. C u r t is ,

Incorporated Feb. 22, 1825. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable Thursday following third W ednesday of April and
October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

201

BANK COMMISSIONER

No. 8.]

Institution for Savings in Roxbury and its Vicinity — Continued.
B a l a n c e S h e e t , O c to b er 31, 1906.

A

ss e t s

L

.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$7 9 1 ,0 0 0
57 ,8 6 0
3 ,3 0 6 ,8 1 2
2 7 5 .0 0 0
150.000
2 4 2 ,7 5 0
2 ,1 0 0
3,513,381
2 ,3 7 2 ,6 0 0
110,759
155.000
391,2 6 8
23 ,5 8 3

ia b il it ie s

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

00
00
50
00
00
00
00
42
00
50
00
71
50

$1 1 ,3 9 2 ,1 1 5 63

$ 1 0 ,8 0 0 ,4 6 2 06
5 15,000 00
3 3,189 14
43 ,4 6 4 43

$ 1 1 ,3 9 2 ,1 1 5 63

C a sh o n D e p o s it in B a n k s , A m o u n t i n E ach : —
Boylston National Bank, Boston,
City Trust Company, Boston,
Commonwealth Trust Company, Boston,
National Rockland Bank, Boston,
National Shawmut Bank, Boston,
Second National Bank, Boston,

S

c h e d u l e

o p

Se

c u r it ie s

O

w n e d

.

.

$ 25,748
151,578
5 4,772
119,049
17,062
2 3,057

Par Value.

Estiuiated
Market Value.

$100,000
156,000
5 0,000
3 0,000
100,000
6 5,000
2 5,000
50,000
35 ,0 0 0
5 0,000
2 5,000
4 5,000
1,000
2 9,000
10,000
19,000
1,000

$ 95,000
157,650
5 0,000
3 0,450
101,000
6 5,650
2 5,250
5 0,500
3 5,490
50,750
2 5,250
• 4 6,350
990
29,580
10,000
19,380
1,000

66
88
46
15
14
42

Book Value.

Public Funds.
City of Boston, M ass., 3^s,
Boston, Mass., 4s,
Chelsea, Mass., 4s,
Fall River, Mass., 4s,
Fitchburg, Mass., 4s,
H olyoke, Mass., 4s,
Indianapolis, Ind., 4s,
L ynn, Mass., 4s,
Medford, Mass., 4s,
R utland, V t., 4s,
W aterbury, Conn., 4s,
Tow n of Arlington, Mass., 4s,
Belm ont, Mass., 3^s,
Billerica, Mass., 4s,
H olbrook, Mass., 4s,
Reading, Mass., 4s,
Revere, M ass., 4s,

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.

.

.

.

.

.

.

.

.
.
.

.
.
.

.

.
.
.
.

.
.
.
.

$791,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 7 9 4,290 00

$ 1 0 0,000
156,000
5 0,000
3 0,000
100,000
6 5,000
2 5,000
5 0 ,000
35 ,0 0 0
5 0 ,000
2 5 ,000
45 ,0 0 0
1,000
29 ,0 0 0
10,000
19,000
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$791,000 00

Bank Stocks.
50
15
21
173
210
55
39
16
10

shares
shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
N a t’l B ank of Commerce, Boston,
N a t’l Bank of the Republic, Boston,
N ational R ockland Bank, Boston, .
Peoples National Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Trem ont JNational Bank, Boston,
W ebster & A tlas N ’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
1,500
2 ,100
17,300
2 1 ,0 0 0
5,500
3.900
560
1,000
$57,860

$7,250
2,400
3,465
2 9,410
2 7,720
12,265
5,811
16
1,480

00
00
00
00
00
00
00
00
00

$89,817 00

$ 5 ,0 0 0
1,500
2 ,100
17,310
2 1,000
5,500
3,900
560
1,000

00
00
00
00
00
00
00
00
00

$57,8 6 0 00

20 2

[Pub. Doc

REPORT OF THE

Institution for Savings in Roxbury and its Vicinity — Continued.
S

c h e d u l e

o f

Se

O

c u r it ie s

w n e d

Par Value.

.

Estimated
Market Value.

Book Value.

Railroad Bonds.
$1 7 5 ,0 0 0
4 3,000
107,000
3 72,000
100,000
420,0 0 0
109,000
5 0,000
50,0 0 0
5 0,000
7 5,000
2 5,000
100,000
178,000
100,000
370,0 0 0
3 5,000
2 5,000
50,000
20,000
50 ,0 0 0
100,000
330,0 0 0
260,000
100,000
3 ,000
2 5 ,000
10,000
5 0,000

Boston & A lb an y R .R . 3^s,
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3^-s,
Boston & Maine R .R . 4-J-s,
Chicago, Burlington & Quincy R .R . 3-J-s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 3-jS,, .
Cleveland & Pittsburgh R .R . 3£s,
Concord & Claremont R .R . 4 J.-S,
Concord & Montreal R .R . 4s, .
D anbury & Norwalk R .R . 5s, .
Fitchburg R .R . 3^s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
Illinois Central R .R . 3yS,
Kansas City, St. Joseph & Council Bluffs R .R . 7s
Maine Central R .R . 4s, .
.
.
.
Manchester & Lawrence R .R . 4s,
Michigan Central R .R . 3JjS,
Minnesota & Iowa R .R . 3JjS, .
N ew Y o rk Central & H udson R iver R .R . 3-Js,
N ew Y ork , New H a ven & H artford R .R . 3^s,
N ew Y ork , N ew H a ven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Portland & R ochester R .R . 4s,
Sullivan County R .R . 4s,
W ashington County R .R . 3Js,
W orcester, Nashua & Rochester R .R . 4s, .

$ 3 ,3 8 2 ,0 0 0

$169,750
4 3,645
107,000
3 53,400
112,000
3 86,400
111,910
48,0 0 0
4 7,500
5 1,500
7 6,500
27,750
' 9 5,000
178,500
8 0,000
338,700
3 5,000
2 5,125
5 0,500
18,600
4 7,500
93 ,5 0 0
301,950
264,0 0 0
102,200
3,000
25,000
9 ,200
50,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
0Ö
00
00
00"
00
00
00
00
00
00

$175,000
43 ,0 0 0
107,000
368,025
100,000
399,600
109,000
50,000
50,000
5 0,000
7 5,000
25,000
100,000
168,000
8 9,250
353,787
35,0 0 0
2 5,000
5 0,000
19,800
50,000
100,000
316,950
260,000
100,000
3 ,000
2 5,000
9 ,400
5 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 3 ,2 5 3 ,6 3 0 00 $3,306,812 50

Street Railway Bonds.
Springfield Street R ailw ay Com pany 4s,
W e s t E n d Street R ailw ay Company 4s,

.

$150,000
125,000

$ 1 5 2,250 00
1 26,525 00

$ 1 5 0,000 00
125,000 00

$ 2 7 5 ,0 0 0

$278,775 00

$ 2 7 5,000 00

$150,000

$ 1 5 6 ,00C 00

$150,000 00

Boston Term inal Com pany Bonds.
Boston Term inal Com pany 3-J-s,

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$190,883
200,3 8 4
40.0 0 0
26.0 0 0
1 ,199,000
5 ,000
10,000
192,500

Rate.

75
96
00
00
00
00
00
00

2 per cent.
2-J per cent.
3^ per cent.
3 f per cent.
4 per cent.
4£ per cent.
4 I82(I per ct.
4J per cent.

0

Amount.

$10,0 0 0
10,000
3 0 .0 0 0
30 .0 0 0
5 .0 0 0
1 ,360,325
5 .0 0 0
100,000

R e a l E s t a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.

Rate.

00
00
00
00
00
00
00
00

per ct. $1,0 1 1 ,5 0 0 00
4ÿa per cent.
250,0 0 0 00
4 f per cent.
1 ,654,906 42
75 .0 0 0 00
4 ïï per cent.
4|$- per cent.
5 2 ,950 00
25 .0 0 0 00
4 ^ per cent.
4J^ per cent.
38 ,6 5 0 00
4 f per cent.

2

:—
.
.
.
.
.
.

R e a l E s t a t e b y F o r e c l o su r e o r O t h e r w is e : —
A m ount invested,
.
.
.
Assessed value, .
.
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

Rate.

4f
4J
5
5£
5^
5f
6

per
per
per
per
per
per
per

cent.
cent.
cent.
cent.
cent.
cent.
cent.

$ 1 5 5 ,0 0 0 00
150.0 0 0 00
1 75.000 00
110,759 50
177,400 00

No. 8.]

BANK COMMISSIONER.

203

Institution for Savings in Roxbury and its Vicinity
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

— Conclud ed .

36 ,1 1 8
.
27 ,2 1 0

$ 2 ,0 9 4 ,9 1 5 73
1 ,878,142 64

D e p o s it A c counts : —
Num ber opened during year,
Num ber closed during year,
Total number Oct. 31, 1906,

4,117
2 ,573
2 7,876

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
371
A m ount of same,
.
.
.
.
.................................................
N um ber of loans secured b y mortgage of real estate,
.
742
G ross I n c o m e

r e c e iv e d

T otal E x p e n s e s

Y

d u r in g

Y

ear,

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

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$17,925 70
$ 3,923 97
Percentage to total assets, .
.0 0 1 5 7
.0 0 0 3 4
fo r

of

429,9 6 7 05

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 1^ per cent.,
October, 1906, 2 per cent., .
D ate

721,7 2 7 00

E x a m in a t io n , M ar ch 21

and

Total.
$21,8 4 9 67
.00191
$146,844 76
200,621 50

347,466 26

22.

IPSW ICH SAVINGS BANK — IPSWICH.
C h a r l e s A . S a y w a r d , President.
D a n ie l S a f f o r d , Treasurer.
D a n ie l S a f f o r d , Clerk of the Corporation.

Investment Committee: Ch a r l e s A . S a y w a r d , T h o m as H . L o r d , T h e o d o r e F . C o g s w e l l ,
Jo h n A . B l a k e , G eo r g e H . G r e e n .
Incorporated March 20, 1869.
12.30

Open for business every business day,
also Saturdays, 3 to 5 p . m .

8.3 0

a .m .

to

p .m .;

Deposits commence to draw interest the fourth W ednesday of January, April, July
and October. Dividends are payable the fourth W ednesd ay of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc.,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L

$ 1 2 2 ,5 0 0 00
2 7 ,0 8 0 00
2 1 2 ,4 5 2 50
4 9 ,5 2 5 00
4 2 3 ,9 7 5 -4 0
16,050 00
6 .0 8 7 15
27,4 0 0 91
5 .0 8 8 68
$ 8 9 0,159 64

C ash o n D ep o sit in B a n k s , A m o u n t in E a c h : -—
Fourth National Bank, Boston,
First National Bank, Ipswich,
.
Merchants National Bank, Salem,
Salem Safe Deposit and Trust Company, Salem,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ia b il it ie s

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

.

$827,761 78
3 7 ,0 0 0 00
14,655 26
10,742 60

$890,1 5 9 64

$2,9 4 5
3 ,407
2 ,5 3 0
1 8,517

59
30
55
47

[Pub. Doc

REPORT OF THE

204

Ipswich Savings Bank — Continued.
S

c h e d u l e

o f

Se

c u r it ie s

O

w n e d

.

Par Value.

Estimated
Market Value.

810,0 0 0
10,000

$ 9 ,6 0 0 00
10,300 00

Book Value.

Public Funds.
City of Barre, V t., 34s, .
.
Boston, M ass., 4s,
.
Brunswick & T opsham ,
District) 4s,
Central Falls, R . I., 4s,
Dubuque, la ., 34s,
.
H olyoke, M ass., 34s, .
Lewiston, M e., 5s,
.
Lynn, M ass., 4s,
.
Milwaukee, W is., 3-)s, .
Salem, M ass., 4s,
.
Springfield, O ., 4s,
.
Youngstow n, 0 ., 44s, .
Tow n of Dedham , M ass.,
.
Peabody, Mass., 34s,
W atertow n , Mass., 4s,
W estbrook, M e., 4s, .

.

.
.

.
Me.

.
.
.
.
.
.
.
.
.

.

.
.
(W ater

.
.

.
.

.
.
.
.
.
.

.
.
.
.
.
.

.

.

00
00
00
00
00
00
00
00
00
00
00
00
00
00

14,000 00
3,000 1 0 0
5 ,0 0 0 ¿ 0 0
10,000 00
2 ,000 00
5 ,0 0 0 00
1 0,000 0 0
8 ,0 0 0 00
10,000 00
6 ,0 0 0 00
15 ,0 0 0 00
7 ,0 0 0 00
6 ,5 0 0 00
1,000 00

$ 1 2 2,574 00

$ 1 2 2,500 00

$175
1,500
2 ,600
800
1,200
2 ,1 5 0
1,900
6 ,100
455
1,300
1,400

$5
1,875
2 ,600
9 20
1,260
1,075
1,976
9 ,7 6 0

1,950 00
1,120 00

$175
1,500
2 ,6 0 0
800
1,200
2 ,1 5 0
1,900
6 ,100
455
1,300
1,400

5 ,0 0 0

7 ,500 00

7 ,5 0 0 00

$ 24,580

$30,041 00

$27,0 8 0 00

$10,0 0 0
5 ,000
46 ,0 0 0
15,000
2 1 ,0 0 0
30 ,0 0 0
2 5,000
5,000
20 ,0 0 0
2 0,000
19,000
1 ,0 0 0

$10,4 0 0
4 ,7 5 0
4 2 ,5 5 0
15,300
19,320
24 ,0 0 0
25 ,6 2 5
4 ,7 5 0
20 ,0 0 0
20,7 0 0
18,050
1,015

$10,0 0 0
5,000
44 ,5 5 7
15,000
18,825
30 ,0 0 0
2 5,000
5 ,000
20,0 0 0
20 ,0 0 0
18,070
1,000

14,000
3 ,000
5 ,000
10,000
2 ,000
5 ,000
10,000
8 ,0 0 0
10,000
6,000
15,000
7 ,000
6 ,5 0 0
1,000

.

$122,500

•

Bank Stocks.
5 shares Trem ont National Bank, Boston,
15
26
8
12
43
19
122
13
13
14
50

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

$10,000 00
10,000 00

Gloucester N a t’l Bank, Gloucester, .
First National Bank, Ipswich,
National Grand Bank, Marblehead, .
Asiatic National Bank, Salem,
First National Bank, Salem,
Mercantile National Bank, Salem,
Merchants National Bank, Salem,
National Exchange Bank, Salem,
N aum keag National Bank, Salem,
Salem National Bank, Salem, .
Salem Safe Deposit & Trust Co.,
Salem,
.
.
.
.
.

14,280
3 ,0 1 5
4 ,8 0 0
9 ,8 8 7
2 ,0 1 0
5 ,0 5 0
9 ,9 0 0
8 ,2 1 0
10,150
6,473
14,433
6,853
6,613
1,000

00
00
00
00
00
00
00
00

00
00
00
00
OO
00
00
00
00
00
00

Railroad Bonds.
Bennington & R utland R .R . 44s,
Boyer V alley R .R . 34s, .
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-jS, .
Concord & M ontreal R .R . 4s, .
.
.
.
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 3)-s,
.
.
.
.
Maine Central R .R . 44s,
.
.
.
.
M innesota & Iow a R .R . 34s, .
.
.
.
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
Peoria & Northwestern R .R . 34s,
Portland & Ogdensburg R .R . 5s,

$ 2 1 7 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00

$ 2 0 6 ,4 6 0 0 0

00
00
50
00
00
00
00
00
00
00
00
00

$212,4 5 2 50

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$ 5,937 85
11,463 06
10,000 00

2

per cent.

24 per cent.
3 4 per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$ 6,825 00
37 ,9 0 0 00
7 ,500 00

Rate.

Amount.

Rate.

4 per cent.
4 4 per cent.
4 f per cent.

$200,201 00
2 4 ,577 50
212,5 4 6 90

5 per cent.
54 per cent.
6 per cent.

No. 8.]

BANK COMMISSIONER.

205

Ipswich Savings Bank — Concluded.
R e a l E s t a t e b y F o r e c l o su r e
A m ou n t invested,
Assessed value, .
.
.

O t h e r w is e : —

or

$ 6,087 15
6 .100 00

.

D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
Num ber of withdrawals during year,
A m ount of same,

2,551
147,837 09
' 1 ,7 2 8
156,103 93

D e p o s it A cco u n ts : —
N um ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

•

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
Num ber of loans secured b y mortgag«
G ross I n c o m e

r e c e iv e d

d u r in g

D ate

of

205
189,728 88
real estate,

235

ear,

Salaries.
$ 2,157 69
.0 0 2 4 2

A m ount paid during year,
Percentage to total assets,
D iv id e n d s d e c l a r e d d u r in g Y
January, 1906, I f per cent.,
July, 1906, I f per cent.,

Y

400
320
2,953

ear

3 9,418 91
T axes) : —
Other Expenses.
$832 45
.0 0 0 9 3

Total.
$2,9 9 0 14
.0 0 3 3 5

:—
$13,5 6 8 63
13,667 59

2 7,236 22

E x a m in a t io n , J u l y 31.

LAW REN CE SAVINGS BANK - LAW RENCE.
R o b e r t H . T e w k s b u r y , President.
L e w is A . F o y e , Treasurer.
L e w i s A . F o y e , Clerk of the Corporation.

Investment Committee: R o b e r t H . T e w k s b u r y , W

il l ia m T . M c A l p in e , L e w is G. H olt
A l v in E . M a c k , Ja m e s I. M il l i k e n .

Incorporated March 10, 1868.
Open for business every business day, 9
also Saturdays, 2 to 4 p . m ., 7 to 8 p . m .

a .m .

to 1

p. m . ■

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

.

Public funds,
Bank stocks,
Railroad b o n d s,.
Loans on bank stocks,
Loans to counties, cities or towns
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Gash on hand, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L

$34 3 ,0 0 0
19,825
445,3 7 5
12,045
27 ,5 0 0
1,150
2,391 ,8 6 6
599,655
3 3,000
.
2,737
39,216
6,143

00
00
00
00
00
00
90
00
00
06
31
48

$3,921,513 75

ia b il it ie s

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,

.

$ 3 ,6 9 8 ,8 2 0 49
92 ,8 0 0 00
2 8 ,0 0 9 48
78,142 88
23 ,7 4 0 90

3,921,513 75

[Pub. Doc

REPORT OF THE

206

Lawrence Savings Bank — Continued.
C ash o n D e p o s it in B a n k s , A m o u n t in E ach : —
Merchants National Bank, Boston,
•
M erchants N ational Bank, Lawrence, .
L oans
10
21
60
105

$8,149 64
3 1,066 67

o n B a n k S t o c k s , A m o u n t o n E ac h : —
shares Lawrence National Bank, Lawrence,
shares B a y State N ational Bank, Lawrence,
shares National B ank of M ethuen, Methuen,
shares Arlington N ational Bank, Lawrence, .

S

c h e d u le

o p

Se

c u h it ie s

O

w n e d

.

Public Funds.
U nited States 4s, .
Massachusetts 3!2-s ,.
County of Aroostook, M e., 4-JrS,
Rockingham , N . EL, 4s,
City of Belfast, M e., 4s, .
Boston, M ass., 3^s,
Boston, M ass., 4s,
Bridgeport, Conn., 4s,
Chicago, 111., 4s,
Concord, N . EL, 4s,
Dover, N . H ., 4s,
Fall River, Mass., 3 ^ s ,.
Fort W a y n e, Ind., 3-jS,
Grand Rapids, M ich., 4-Js,
Keene, N . EL, 4s,
Lawrence, Mass., 4s,
Minneapolis, M inn., 4^s,
Nashua, N . EL, 4s,
New Britain, Conn., 4s,
New buryport, Mass., 3-jS,
N ew London, Conn., 4s,
Portsm outh, N . H ., 4s,
Quincy, M ass., 4s,
Rockford, 111., 4-J-s,
Somersworth, N . EL, 4s,
Terre H aute, Ind ., 4s,
W alth am , M ass., 4s,
W ob urn, Mass., 4s,
Tow n of Attleborough, M ass., 3-|s,
Beverly, M ass., 4s,
Danvers, M ass., 4s, .
Marblehead, M ass., 4s,
N orth Andover, M ass., 4s,
Stoneham, M ass., 4s,
W akefield, M ass., 4s,

$620 00
5 ,000 00
6 ,425 00

Par Value.

$ 1,000
5,000
2 0,000
3 ,000
15,000
2 0,000
11,000
5,000
16,000
5,000
2 ,000
15,000
2 0,000
6 ,000
10,000
15,000
10,000
5,000
10,000
2 5,000
5,000
2 0,000
5,000
7,000
10,000
2 0,000
1,000
9 ,000
10,000
9 ,000
3 ,000
6,000
14,000
2,000
3,000
$ 3 4 3 ,0 0 0

Bank Stocks.
20
20
20
10
75
20
22
15
20

shares
shares
shares
shares
shares
shares
shares
shares
shares

Fourth N ational Bank, Boston,
Merchants National Bank, Boston,
National B ank of Commerce, B o ston ,.
National Shawm ut Bank, Boston,
State National Bank, Boston, .
Trem ont National Bank, Boston,
W ebster and A tlas N ’l Bank, Boston,
B a y State National Bank, Lawrence, .
Lawrence National Bank, Lawrence, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000
2 ,0 0 0
2 ,000
1,000
7,500
700
2 ,2 0 0
1,125
2 ,0 0 0
$20,5 2 5

Estimated
Market Value.

$ 1 ,030
5,100
20,750
3,100
15,450
19,550
11,140
5,175
16,155
5,175
2,015
15,000
19,240
6 ,090
10,235
15,645
10,450
5,115
10,338
24,350
5,160
20,158
5,125
7,000
10,025
20,330
1,040
9 ,015
9 ,600
9 ,225
3 ,050
6,012
14,133
2,075
3 ,010

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$346,061 00
$2,940
4,200
3,200
2,730
11,175
20
3,256
1,725
2 ,300

00
00
00
00
00
00
00
00
00

$ 31,546 00

Book Value.

$ 1,000
5,000
2 0,000
3 ,000
15,000
2 0,000
11,000
5,000
16,000
5 ,000
2,000
15,000
2 0 ,000
6 ,000
10,000
15,000
10,000
5,000
10,000
25,000
5,000
2 0,000
5,000
7,000
10,000
20,000
1,000
9,000
10,000
9,000
3,000
6,000
14,000
2,000
3 ,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$343,000 00

$ 2,000
2,000
2,000
1,000
7,500

00
00
00
00
00

-

2,200 00
1,125 00
2 ,000 00
$ 19,825 00

No. 8.]

BANK COMMISSIONER.

207

Lawrence Savings Bank — Continued.
S

c h e d u le

o f

Se

c u r it ie s

O

w n e d

Par Value.

.

Estimated
Market Value.

Book Value.

Railroad Bonds.
Boston & A lb an y R .R . 3Js,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 3£s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
[
Boston & Maine R .R . 4Js,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3^s,
Concord & Montreal R .R . 4s, .
Connecticut R iver R .R . 3^s, .
Erie & Pittsburgh R .R . 3^s,
Fitchburg R .R . 3£s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 3s, .
Maine Central R .R . 4s, .
.
.
.
.
Maine Central & European and North American
R .R . 4s,
.
. .......................................................
N ew Y ork , New H aven & H artford R .R . 3-|s, .
Peoria & Northwestern R .R . 3^s,
Portland & Ogdensburg R .R . 3-js,
Portsm outh, Great Falls & Conway R .R . 4-J-s, !
Princeton & Northwestern R .R . 3£s,

$15,000
48.0 0 0
20.0 0 0
3 0.000
2 5.000
40 .0 0 0
10.000
2 6 ,000
10,000
15.000
10.000
10,000
5 .000
70.000
10.000

$14,1 7 5
4 8 .0 0 0
19.200
30 ,2 5 0
28 ,4 5 0
36 ,8 0 0
10,300
24 ,9 6 0
10.200
14,400
9 ,600
9 ,5 0 0
5 ,1 5 0
5 6,700
10,050

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$15,0 0 0
4 8 .0 0 0
2 0 .0 0 0
30.0 0 0
25.0 0 0
38 ,5 0 0
10.000
2 5,950
10,000
15.000
10.000
10,000
5 .000
6 1,250
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

5.000
2 5.000
25.000
3 5 .000
5.000
2 0.000

5 ,1 0 0
2 3 .000
23 ,8 7 5
34 ,9 2 5
5 ,550
19,100

00
00
00
00
00
00

5 .000
2 3,812
24,137
3 4 ,925
5 .0 0 0
18,800

00
50
50
00
00
00

$ 4 5 9 ,0 0 0

$ 4 3 9,285 00

$445,375 00

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$39,216
2 ,5 0 0
118,500
50 .0 0 0
13.000

Rate.
31
00
00
00
00

2
3^4
4£
4J

per
per
per
per
per

Amount.

cent.
cent.
cent.
cent.
cent.

$ 1 0 ,0 0 0
283,6 0 0
10,000
7 0,000
2,1 3 4 ,5 6 7

Rate.
00
00
00
00
00

4 ^ j per
4-J per
44 per
4 f per
5 per

R e a l E s t a t e fo r B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
.
E stim ated value,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D eposit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.

Amount.

cent.
cent.
cent.
cent.
cent.

00
00
00
90

.
.

.

1 ,097,198 89
7,537

.

807,1 1 5 44
.

.

2 ,475
1,586
8 ,734

S ta t ist ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

452

G ross I n c o m e

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

,
.

00
00
00
30

16,987

.

.
.

per cent.
5-J per cent.
5 f per cent.
6 per cent.

$ 3 3 ,0 0 0
4 0 ,0 0 0
33 .4 5 0
375

.

.

$50,000
107,830
7 5 ,0 0 0
107,219

Rate.

.
.

.

6 93,867 00
642
166.291 78

208

REPORT OF THE

[Pub. Doc

Lawrence Savings Bank — Concluded.
T o ta l E x p e n s e s

( e x c l u s iv e of T a x e s ') : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 5,103 90
$ 1 ,299 40
Percentage to total assets, .
.0 0 1 3 0
.0 0 0 3 3
fo r

Y

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
D ate

of

.

.
.

.
.

Total.
$ 6 ,403 30
.0 0 1 6 3
$61,619 99
65 ,7 9 5 61

.

$1 2 7 ,4 1 5 60

E x a m in a t io n , M a y 9.

LEE SAVINGS BANK — LEE.
G eo r g e K . B a ir d , President.
E d w a r d S. R o g e r s , Treasurer.
J o h n L . K il b o n , Clerk of the Corporation.

Investment Committee:

G e o r g e K . B a ir d , D e W

it t

S. S m it h , C. C. H o l c o m b e .

Incorporated March 5, 1852. Open for business every business day except Saturdays,
9 a .m . to 3 p . m .; Saturdays, 9 a . m . to 12.30 p . m .
Deposits commence to draw interest the first day of March, June, September and
December. Dividends are payable the first day of June and December.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loan on railroad stocks,
L oans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
T axes paid on mortgaged proper­
ties,
.
.
.
.
.
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

Liabilities .

$26,1 0 5
120,500
348,3 9 0
64,8 5 0
76.0 0 0
6 ,2 0 0
1 0.000
14,100
52
315,9 7 5
199,090
2 ,450
15,401
78
28,7 2 7
5,141
2 ,379

28
00
00
00
00
00 .
00
00
84
28
00
00
32

Deposits,
Guaranty fund,
Profit and loss account,

$ 1 ,1 3 7 ,2 7 7 71
55 ,0 0 0 00
4 3 ,1 6 4 64

69
91
31
72

$ 1 ,2 3 5 ,4 4 2 35

$ 1 ,2 3 5 ,4 4 2 35

C a sh o n D e p o s it in B a n k s , A m o u n t in E ac h : —
First National Bank, Boston,
.
.
.
.
.
.
Lee National Bank, Lee,
.
.
.
.
.
.
.
Berkshire Loan and Trust Company, Pittsfield,
.
.
.
Pynchon National Bank, Springfield (in liquidation),
Springfield National Bank, Springfield, .
.
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,
L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
38 shares First National Bank, Adam s,
.
20 shares Lee National Bank, Lee,
.
.
10 shares Lee National Bank, Lee,
.
.

.
.
.

L o a n o n R a il r o a d S to cks : —
76
shares New Y ork, New H aven & H artford R .R .,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

.
.
.

.
.
.
.

.
.

.

.
.
.
.

$ 5,273
9,961
7 ,974
141
4 ,9 0 6
5 ,6 1 2

09
08
41
31
37
96

$ 3,200 00
2 ,000 00
1,000 00
$ 10,000 00

209

BANK COMMISSIONER

No. 8.]

Lee Savings Bank — Continued.
Par Value.

Schedule op Securities Owned.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3 J s,.
C ity of Chicago, 111., 4s,
.
Dubuque, la ., 4-^s,
.
T ow n of Am esbury, Mass., 4s,

.
.

.
.

$5,0 0 0
10,000
1,000
10,000

.
.

$26,000

$5,0 2 5
10,100
1,065
10,350

00
00
00
00

$26,5 4 0 00

$ 5,000
10,000
1,105
10,000

00
00
28
00

$26,1 0 5 28

B ank Stocks.
40
10
30
25
60
30
30
40
40
30
40
20
100
70
20
90
5
50
72
50
51
45
30
75
20

shares First National Bank, Am herst,
shares Atlantic National Bank, Boston,
shares Continental N a t’l Bank, Boston,
shares First National Bank, Boston, .
shares National B ’k of Commerce, Boston, .
shares National B ’k of the Republic, Boston,
shares Second National Bank, Boston,
shares State National Bank, Boston, .
shares W ebster and A tlas N a t’l B ’k, Boston,
shares City N a t’l Bank, Bridgeport, C o n n .,.
shares Birm ingham N a t’l B ’k, Derby, Conn.,
shares N a t’l Mahaiwe B ’k, G t. Barrington,
shares Lee National Bank, Lee,
shares North A dam s N a t’l B ’k, N o. Adam s,
shares Agricultural N a t’l Bank, Pittsfield, .
shares Pittsfield National Bank, Pittsfield, .
shares Third National Bank, Pittsfield,
shares Chapin National Bank, Springfield, .
shares Chicopee National Bank, Springfield,
shares Springfield N a t’l Bank, Springfield, .
shares Third National Bank, Springfield,
shares First National Bank, Springfield,
shares Second National Bank, Springfield, .
shares Housatonic N a t’l B ’k, Stockbridge, .
shares Merchants N a t’l Bank, W orcester,

$4,000
1,000
2 ,500
6,000
3 ,000
3 ,000
4 ,000
4 ,000
3,000
4 ,000
2,000
10,000
7,000
2,000
9 ,000
500
5,000
7,200
5,000
5 ,100

7,500
2,000
$ 96,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 5,000 000
1,000 00

$ 1 6 2,350 00

$12 0 ,5 0 0 00

$5,850
10,250
9 ,4 5 0
25,1 2 5
2 0,300
18,500
25 ,6 2 5
9 ,6 0 0
10,112
4 6 ,0 0 0
20 ,6 2 5
17,400
12,300
9 ,4 0 0
9 ,150
40 ,8 0 0
5 ,5 5 0
26 ,0 0 0
9 ,3 0 0
15,300

$ 5 ,875
10,415
10,000
25 ,0 0 0
20 ,0 0 0
20 ,0 0 0
2 5 ,0 0 0
10,000
10,000
48 ,8 8 7
2 5 ,0 0 0
15,000
10,000
9 ,2 1 2
1 0,000
4 0 ,0 0 0
5 ,000
2 5,000
9 ,0 0 0
15,000

$ 6,400
1,450
150
7 ,375
9 ,6 0 0
4 ,9 5 0
6 ,690
5 ,9 6 0
5 ,9 2 0
4 ,5 0 0
6 ,800
2 ,900
16,800
8 ,050
5 ,0 0 0
14,580
1,125
6 ,000
10,800
10,250
10,200
1,125
150
12,375
3 ,2 0 0

5 ,0 0 0
6 ,0 0 0
3 ,0 0 0
5 ,000
4 ,2 0 0
4 ,8 0 0
3 ,0 0 0
4 ,0 0 0
2 ,5 0 0
10,000
7 ,0 0 0
4 ,500
11,000
1,100
6 ,000
10,000
6 ,2 0 0
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

8 ,0 0 0 00
3 ,2 0 0 00

Railroad Bonds.
Bangor & Aroostook R .R . 5s,
.
.
.
Beech Creek R .R . 4s,
.
.
.
.
Boston & A lb an y R .R . 3^s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
.
Concord & Montreal R .R . 4s, .
.
.
.
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 3^s,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Illinois Central R .R . 31s,
.
.
.
.
Illinois Central R .R . 4s,
.
.
.
.
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew Y ork, Lackawanna & W estern R .R . 6s,
N ew Y o rk Central & Hudson R iver R .R . 31s,
N ew Y ork , New H aven & H artford R .R . 3 | s,
N ew Y ork , New H aven & H artford R .R . 4s,
Northern Maine Seaport R .R . 5s,
O ld Colony R .R . 4s,
.
.
.
.
.
Sioux City & Pacific R .R . 3^s,
W estern Pennsylvania R .R . 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

$5,000
10,000
10,000
25,000
20,000
20,000
2 5,000
10,000
10,000
50,000
25,000
15,000
10,000
10,000
10,000
40 .0 0 0
5,000
25,000
10,000
15,000
$350,000

00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00

$346,637 50

00
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00

$ 3 4 8,390 00

210

[Pub. Doc

REPORT OF THE
Lee Savings Bank— Concluded.
Estimated
Market Value.

Par Value.

Schedule op Securities Owned .

Book Value.

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
H olyoke Street R ailw ay Co. 5s,
H oosac V alley Street R ailw ay Co. 4s,
Lowell, Lawrence & Haverhill Street R 'y Co. 5s,
L yn n & Boston Railroad Co. 5s,
W e st E n d Street R ailw ay Co. 4s,

1

00
00
00
00
00
00

$20,000
5 ,000
14,850
5 ,000
10,000
10,000

00
00
00
00*
00*
00

$20,000
5,000
15,000
5,000
10,000
10,000

$20,5 0 0
5 ,5 7 5
14,850
5 ,1 5 0
10,900
10,200

$ 65,000

$67,175 00

$ 64,850 00

$70,000

$ 72,800 00

$76,000 0 0

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3 -is,

* Legal investm ents when made.

Total A m ount of Loans at Specified Rates of Interest.

$ 1 0 ,2 3 4 17
10,519 33
7 ,9 7 4 41

Amount.

Rate.

Amount.

2% per cent.
3 per cent.
3J per cent.

$ 2 5 ,0 0 0 00
411,292 00
46 ,1 2 6 12

4 f per cent.
4 i per cent.
4 f per cent.

$5,0 0 0 00
8 ,0 0 0 00
50 ,0 0 0 00

R e a l E st a t e fo r B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.

Rate.

Amount.

Rate.

5 i per cent.
5 per cent.
6 per cent.

.
.
.

.
.
.

$15,401 3 2
15,401 32
7 ,500 00

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.

.
.
.

2 ,450 0 0
1,550 00
169 07

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.
D e p o sit A cco u n t s : —
N um ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1906,

.
.
.

.
.
.

.

.
.

.
.

.

.
.

.

.
.

.
.

.

2,670

.

' 1,925

208,175 15

.
.

187,582 7 5

.

.
.

.
.

S t a t is t ic s o f L o a n s : — Num ber not exceeding $ 3 ,0 0 0 each,
.
Am oilnt of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ro ss I n c o m e

r e c e iv e d d u r in g

T o tal E x p e n s e s

Y

Y

ear,

.

.

.

177
167,988 12
215
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$2 ,9 4 0 00
$884 01
Percentage to total assets,
.0 0 2 3 8
.0 0071
fo r

of

E x a m in a t io n , A u g u s t 24.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

5 1 ,2 6 8 27

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, I f per cent.,
.
.
M ay, 1906, I f per cent.,
.
.
.
D ate

456
324
3 ,054

.
.

.
.

Total.
$ 3,824 01
.0 0 3 0 9
$18,036 62
18,349 41

3 6 ,386 03

211

BANK COMMISSIONER

No. 8.]

LEICESTER SAVINGS BANK — LEICESTER.
Jtjlixjs O. M u r d o c k , President.
P a e k m a n T . D e n n y , Treasurer.
P a r k m a n T . D e n n y , Clerk of the Corporation.

Investment Committee:
W

ood co ck ,

J u l iu s O. M u r d o c k , Ch a r l e s A . D e n n y , T h eo d o r e E.
A l o n zo B . D a v id s o n , E v e r e t t Ca r l e t o n , Ja m e s J. K n ig h t .

Incorporated April 17, 1869. Open for business every business day except Saturdays,
9 a . m . to 1 p . m ., 2 to 4 p . m .; Saturdays, 9 a . m . to 1 p . m .
Deposits commence to draw interest the first day of March, June, September and
December. Dividends are payable the first day of June and December.
B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway b o n d s,.
Loan on public funds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Bank building and fixtures,
Expense account,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$1 9 3 ,4 0 0
9 ,875
1 71,975
3 6 .0 0 0
750
34 .0 0 0
241,2 1 6
48 ,3 7 0
7 ,500
1,105
8 ,4 4 5
1 0,508

00
00
00
00
00
00
54
98
00
56
64
84

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

$7 0 8 ,5 4 9 61
3 5,707 32
5,673 41
13,217 22

$ 7 6 3 ,1 4 7 56

$ 7 6 3,147 56

C a s h o n D e p o sit in B a n k : —
State National Bank, Boston,

. . .

L o a n o n P u b l ic F u n d s : —
$1 ,0 0 0 City of Springfield, Mass., 4s,

.
.

Schedule of Securities Owned.

.

.
.

.
.

Par Value.

.
.

.
.

$8 ,4 4 5 64
$750 00

Estimated
Market Value.

Book Value.

Public Funds.
City of B a y City, Mich., 4s,
.
.
.
.
Columbus, O., 4s,
.
.
.
K ansas City, M o., 4-Js,
Lowell, M ass., 4s,
.
.
.
L ynn, M ass,, 4s,
.
.
.
.
M iddletown, Conn., 3^-s,
N ew Britain, Conn., 4s,
Saginaw, M ich., 3^s,
.
.
.
.
Saginaw, M ich., 4s,
.
.
.
.
W alth am , Mass., 4s,
.
.
.
.
Town of Braintree, M ass., 4s, .
Clinton, M ass., 4s,
.
.
.
.
Great Barrington, M ass., 4s,
Holbrook, Mass., 4s, .
.
.
.
Leicester, Mass., 4s, .
.
.
.
N orth Attleborough, Mass., 4s, .
Orange, M ass., 4s,
.
.
.
.
Randolph, Mass., 4s,
.
.
.
Spencer, Mass., 4s,
W estborough, M ass., 3%s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 15,000
10,000
8 ,000
10,000
9 ,000
15,000
5,000
7,400
10,000
12,000
5,000
1,000
5 ,000
10,000
9 ,0 0 0
5,000
18,000
2 4,000
5 ,000
10,000
$193,4 0 0

* Legal investm ents when m ade.

$15,1 0 0
10,050
8 ,4 4 0
10,112
9 ,2 1 0
14,475
5,087
7 ,326
10,100
12,120
5 ,1 0 0
1,020
5 ,1 1 8
10,175
9 ,1 0 0
5 ,125
18,118
24 ,4 2 0
5 ,0 5 0
9 ,5 5 0

00
00
00
50
00
00
50
00
00
00
00
00
75
00
00
00
75
00
00
00

$1 9 4 ,7 9 8 50

$15,0 0 0
10,000
8 ,0 0 0
10,000
9 ,0 0 0
15,000
5,000
7 ,400
10,000
12,000
5 ,000
1,000
5 ,000
10,000
9 ,0 0 0
5 ,000
18,000
2 4 ,000
5 ,000
10,000

00
00 *
00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00

$ 1 9 3,400 00

212

REPORT OF THE

[Pub. Doc

Leicester Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

B ank Stocks.
10
10
54
15
6

shares Comm onwealth Trust Co., Boston,
shares Continental National Bank, Boston, .
shares State National Bank, Boston,
shares W ebster and A tlas N a t’l Bank, Boston,
shares M illbury National Bank, Millbury,

$ 1,000
_

5,400
1,500
600
$8 ,5 0 0

00
00
00
00
00

$ 1,500 00

$12,716 00

$9 ,8 7 5 00

$1,800
50
8 ,046
2,220
600

-

6 ,075 00
1,700 00
600 00

Railroad Bonds.
Bangor & Aroostook R .R . 5s,
B oston & Lowell R .R . 4s,
.
.
Boston & Maine R .R . 4s,
.
.
B oston & Providence R .R . 4s,
Boyer V alley R .R . 3£s, .
.
.
Chicago, Burlington & Q uincy R .R .
Chicago, Burlington & Quincy R .R .
Cleveland & Pittsburgh R .R . 3 is,
Erie & Pittsburgh R .R . 3 is ,
.
.
Illinois Central R .R . 3s,
.
Illinois Central R .R . 3Js,
.
.
Maine Central R .R . 4s, .
.
.
N ew Y ork, New H aven & H artford
N ew Y ork, New H aven & H artford
Northern Maine Seaport R .R . 5s,
O ld Colony R .R . 4s,
.
.
.
U pper Coos R .R . 4s,
.
.
.

.

.

.

.
.
.
3 is ,
4s,

.
.

.
.

.
.

.

.
.
.
R .R . 3 is ,
R .R . 4s,
.
.

.

.

$10,0 0 0
5 ,000
2 0,000
5 ,000
15,000
2 0,000
5 ,000
11,000
3 ,000
5,000
30 ,0 0 0
4 ,000
15,000
5,000
10,000
5,000
5,000
$ 1 7 3,000

$11,600
5,000
20,550
5,118
14,325
18,600
5,150
10,450
2,850
4 ,050
27,750
4 ,020
13,800
5,062
11,150
5,231
5 ,000

00
00
00
75
00
00
00
00
00
00
00
00
00
50
00
25
00

$169,707 50

$10,0 0 0
5 ,000
2 0 ,0 0 0
5 ,0 0 0
15,000
2 0 ,0 0 0
5 ,0 0 0
11,000
3 ,000
4 ,5 2 5
2 9 ,450
4 ,0 0 0
15,000
5 ,000
10,000
5 ,000
5 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 7 1,975 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Co. 4s,
E ast M iddlesex Street R ailw ay Co. 5s,
Springfield Street R ailw ay Co. 4s,
W e st E nd Street R ailw ay Co. 4s,

$ 10,000
6,000
5,000
15,000

$10,300
6,000
5,075
15,375

00
00
00
00

$ 36,000

$36,7 5 0 00

$10,0 0 0
6 ,0 0 0
5 ,0 0 0
15,000

00
00
00
00

$36,0 0 0 00

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$8,4 4 5
2 ,500
2 2,683
5 ,000

64
00
98
00

2i
3i
4
4§

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$14,3 0 0 00
10,000 00
5 ,0 0 0 00

Rate.

Amount.

Rate.

4 i per cent.
4 f per cent.
4 .8 4 per ct.

$22 2 ,0 9 0 27
9 ,8 5 0 00
3 2,913 27

5 per cent.
5 i per cent.
6 per cent.

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
Estim ated value,
.
Assessed value, .
N et income during year,
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
N um ber of withdrawals during year,
Am ount of same,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 7,500
9 ,0 0 0
5 ,500
2

00
00
00
14

659
58,799 14
815
7 0,304 67

No. 8.]

BANK COMMISSIONER,

213

Leicester Savings Bank— Concluded.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

of

.

$ 1 9 9,550 52
183
32 ,6 2 5 86

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
June, 1906, I f per cent.,
.
.
D ate

216
.
.

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$1,762 50
$ 1,124 76
Percentage to total assets, .
. 00231
.0 0 1 4 7
for

129
106
1,452

.
.

.
.

.
.

Total.
$ 2 ,887 26
.0 0 3 7 8
$11,771 55
11,951 70

23,723 25

E x a m in a t io n , A u g u st 7.

LENOX SAVINGS BANK — LENOX.
W

il l ia m

D . C u r t is , President.
H a r r y E . K e n d a l l , Treasurer.
M u r r a y A . B r o w n , Clerk of the Corporation.

Investment Com m ittee: W
Incorporated April 4, 1890.
9 a . m . to 12.30

D . C u r t is , H e n r y A . B e l d o n , T h o m as
H e n r y S e d g w ic k .

il l ia m

P ost ,

Open for business every business day except Saturdays,
1.30 to 3 p . m .; Saturdays, 9 a . m . to 12 m .

p . m .,

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first Tuesday of January and July.

B a l a n c e S h e e t , Oct. 31, 1906.
A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Expense account,
Taxes paid on m ortgaged prop­
erties, .
.
.
.
.
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

L iabilities .

$15,5 0 0
4 7,659
169,170
5 ,200
2 0 ,8 0 0
33 ,0 0 0
300
2 2 2 ,1 2 0
10,025
491

00
00
00
00
00
00
00
00
00
69


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$509,393 96
9 ,700 00
1,954 38
6,409 91

228 55
2 ,1 5 0 99
813 02
$5 2 7 ,4 5 8 25

C ash o n D e p o sit in B a n k : —
Lenox National Bank, Lenox,

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

$52 7 ,4 5 8 25

$2 ,1 5 0 99

[Pub. Doc

REPORT OF THE

214

Lenox Savings Bank — Continued.
Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

$10,000
4 ,900

$10,6 0 0 00
4 ,9 3 5 00

$10,6 0 0 00
4 ,9 0 0 00

$ 14,900

$15,5 3 5 00

$15,5 0 0 00

Public Funds.
Massachusetts 3- |s, .
.
.
T ow n of H am ilton , M ass., 4s,

.

.

.

Bank Stocks.
57
75
15
20
19
10
14
15
10
25
25

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Lee National Bank, Lee, .
L enox National Bank, Lenox, .
Palmer National Bank, Palmer,
*
Agricultural N a t’l Bank, Pittsfield,
Pittsfield National Bank, Pittsfield, .
Chapin National Bank, Springfield,
Chicopee National Bank, Springfield,.
John H ancock N a t’l B ’k, Springfield,.
Second National Bank, Springfield, .
Springfield N a t’l Bank, Springfield
Springfield Safe Deposit and Trust, Co.,
Springfield, .
.
.
.
.
24 shares Third National Bank, Springfield,
12 shares H ousatonic N a t’l B ’k, Stockbridge,
10 shares Mechanics N a t’l Bank, W orcester,

00
00
00
00
00
00
00
00
00
00

$ 9 ,5 6 5
10,345
1,500
5 ,005
2 ,9 8 0
1,200
2 ,1 0 0
150

2 ,500

$ 9 ,576
12,000
1,500
5 ,000
3 ,0 7 8
1,200
2 ,1 0 0
150
50
5 ,125

2 ,500
2 ,400
1,200
1,000

5 ,0 0 0
4 ,8 0 0
1,980
1,100

00
00
00
00

3 ,7 5 0
4 ,8 0 0
1,764
1,000

$ 5,700
7,500
1,500
2 ,000
1,900
1,000
1,400
-

00
00
00
00
00
00
00
00

3 ,5 0 0 00
00
00
00
00

$30,600

$52,6 5 9 00

$47,659 00

$21,000
10,000
2 5,000
60 ,0 0 0
5 ,000
30 ,0 0 0
10,000
5 ,000

$24,4 7 0
9 ,2 5 0
2 5,625
5 5,500
4 ,6 0 0
31 ,0 5 0
11,200
4 ,6 0 0

$ 2 5 ,2 0 0
10,000
25 ,0 0 0
5 8 ,500
4 ,8 5 0
30 ,9 2 0
10,000
4 ,7 0 0

Railroad Bonds.
Bangor & Aroostook R .R . 5s,
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Q uincy R .R .
Illinois Central R .R . 3 -Is,
.
.
N ew Y ork , N ew H a ven & H artford
N ew Y ork , New H aven & H artford
Northern Maine Seaport R .R . 5s,
W ashington County R .R . 3 J s ,.

3Js, .
4s,
.
.
R .R . 3-J-s,
R .R . 4s,

.

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00

$ 1 6 6,000

$ 1 6 6,295 00

$ 1 6 9,170 00

$5,000

$5,1 5 0 00

$5,2 0 0 00

$20,000

$ 20,800 00

$20,8 0 0 00

Street R ailw ay Bonds.
Boston Elevated R ailw ay Com pany 4s,

B oston Term inal Com pany Bonds.
Boston Terminal Com pany 3-jS,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 8 ,0 0 0 00
15,000 00

3^ per cent.
3 f per cent.

$ 1 0 ,0 0 0 00
211,5 9 5 00

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
N um ber of withdrawals during year,
A m ount of same,
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1906,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

Amount.

Rate.

4
5

per cent.
per cent.

Amount.

$20,8 5 0 00

Rate.

6

per cent.

1,926
$126,0 2 7 27
810
8 0 ,0 3 0 12
308
156
1,359

No. 8.]

BANK COMMISSIONER.

215

Lenox Savings Bank — Concluded.
S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

d u r in g

Y ear,

.

.

.

55
.
.

.

22 ,3 6 5 81

fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
of

$ 6 2 ,1 1 5 00
73

.

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $1,062 66
$381 57
Percentage to total assets, .
. 00201
.0 0 0 7 2

D ate

.

.

.

.

.

Total.
$ 1,444 23
.0 0 2 7 3

.
.

.

$7,379 18
7,798 45

15,177 63

E x a m in a t io n , J u l y 19.

LEOMINSTER SAVINGS BANK — LEOMINSTER.
A r t h u r H . H a l l , President.
C h a r l e s A . J o sl in , Treasurer.
C h a r l e s A . Jo s l in , Clerk of the Corporation.

Investment Committee:

Cle sso n K e n n e y , M il t o n H . B o s w o r t h ,
D . C u r t is N ic k e r s o n , H a m il t o n M a y o , A r t h u r H . H a l l .

Incorporated March 16, 1865. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the fifteenth day of January and July.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Bank building, .
.
.
.
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L iabilities .

$577,0 0 0
2 1 ,000
221,691
2 0 ,000
3 ,7 7 5
700
155,705
810
9 9 4 ,1 3 4
335,491
3,661
76 ,0 0 0
9 ,0 6 4
49 ,1 9 5
3 ,9 9 9

00
00
25
00
00
00
11
00
46
00
93
00
00
04
22

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
R ent account,

$ 2 ,4 7 2 ,2 2 7 01

o n B a n k S t o c k s , A m o u n t o n E ac h : —
shares First National Bank, Clinton,
.
.
shares Leominster National Bank, Leominster,
shares Leominster National Bank, Leominster,
shares Leominster National Bank, Leominster,

L o a n o n R a il r o a d S to ck s : —
5 shares Boston & A lb an y R .R .,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

15,951 54
8 ,9 7 8 83
2 ,0 3 5 67

$ 2 ,4 7 2 ,2 2 7 01

C a sh o n D e p o sit i n B a n k s , A m o u n t in E ac h : —
Old Colony Trust Company, Boston,
.
.
.
Safety Fund National Bank, Fitchburg,
.
.
Leominster National Bank, Leominster,
.
.
L o an s
17
20
10
5

$ 2 ,3 4 4 ,3 6 0 97
100,900 00

.

.
.
.

.
.
.

.
.
.
.

.
.
.
.

.

.
.
.
.
.
.
.

.

$364 61
2 0 ,4 9 4 72
2 8 ,3 3 5 71

.
.
.
.

$475
2 ,0 0 0
8 00
500

00
00
00
00

$700 00

216

[Pub. Doc

REPORT OF THE
Leominster Savings Bank —

C o n tin u e d .

Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 34s,
.
.
Brockton, Mass., 4s,
.
.
Chicago, 111., 4s,
.
.
Chicopee, M ass., 4s,
Dubuque, la ., 4s,
.
.
Everett, Mass., 4s,
.
.
Gloucester, M ass., 4s, .
.
H olyoke, Mass., 34s, .
.
Indianapolis, Ind., 3 j-s,
Lowell, Mass., 4s,
.
.
Malden, Mass., 4s,
.
.
Manchester, N . H ., 4s , .
.
Marlborough, Mass., 4s,
Newton, Mass., 4s,
.
.
Peoria, 111., 4s, .
.
.
Providence, R . I., 34s , .
.
Quincy, Mass., 34s,
.
.
Quincy, Mass., 3 . 65s, .
.
Quincy, Mass., 4s,
.
.
Salem, Mass., 4s,
.
.
Somerville, Mass., 34s,
Somerville, Mass., 4s, .
Troy, N . Y ., 34s,
.
.
Tow n of Athol, Mass., 4s,
.
.
Dracut, Mass., 4s,
.
.
Gardner, Mass., 4s, .
.
Jaffrey, N . H ., 34s, .
.
Leominster, Mass., 34s,
Leominster, Mass., 4s,
Merrimac, Mass., 4s, .
.
Milton, Mass., 4s,
.
.
Newmarket, N . H ., 34s,
Peabody, Mass., 4s, .
.
Reading, M ass., 4s, .
.
Revere, Mass., 4s,
.
.
Stoneham, Mass., 34s,
W akefield, Mass., 4s,
W atertow n, M ass., 4s,

.
.
.

.
.
.

.
.
.
.

.
.
.
.

.
.
.

.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.

.
.

.
.
.

.
.
.

.

$40,000
4 ,000
2 5,000
8 ,5 0 0
2 3,000
2 ,000
5,000
2 0,000
16,000
1,000
6,000
10,000
10,000
15,000
10,000
15,000
12,000
10,000
10,000
2 5 ,000
11,000
17,000
10,000
18,000
10,000
31 ,5 0 0
12,000
9 5,000
11,000
10,000
1,000
10,000
6 ,000
10,000
11,000
20,000
16,000
10,000

$38,0 0 0
4 ,0 0 0
2 5 ,0 0 0
8 ,5 4 2
23 ,1 1 5
2 ,0 0 5
5 ,000
19,800
15,915
1,000
6 ,000
10,100
10,025
15,450
10,250
14,625
11,947
9 ,975
10,050
2 5 ,5 0 0
10,812
17,250
9 ,7 0 0
18,540
1 0,090
3 1,605
11,515
9 1,985
11,048
10,025
1,000
9 ,7 0 0
6 ,150
10,100
11,220
19,300
16,320
10,145

00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00

$40,0 0 0
4 0 ,0 0 0
25 ,0 0 0
8 ,5 0 0
23 ,0 0 0
2 ,0 0 0
5 ,0 0 0
20 ,0 0 0
16,000
1,000
6 ,000
10,000
10,000
15,000
10,000
15,000
12,000
10,000
10,000
2 5 ,0 0 0
11,000
17,000
10,000
18,000
10,000
31 ,5 0 0
12,000
95 ,0 0 0
11,000
10,000
1,000
10,000
6 ,0 0 0
10,000
11,000
2 0,000
16,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$5 7 7 ,0 0 0

$ 5 7 2,806 25

$ 5 7 7,000 00

$8 ,0 0 0
15,000

$100 00
8 ,0 0 0 00
18,750 00

$6 ,0 0 0 00
1 5 ,000 00

$23,000

$26,850 00

$1,000
15,000
15,000
1,000
10,000
20,0 0 0
11,000
25 ,0 0 0
10,000
6 ,000
7 ,000
30 ,0 0 0
2 5 ,000

$1,0 0 0
14,250
15,450
1,120
9 ,2 0 0
2 0 ,4 0 0
10,450
2 3 ,7 5 0
1 0,000
6 ,2 1 0
7 ,0 7 0
2 7 ,6 0 0
25 ,1 2 5

B ank Stocks.
20 shares Continental N a t’l Bank, Boston,
80 shares Safety Fund N a t l Bank, Fitchburg, .
150 shares Leominster N a t’l Bank, L eom inster,.

$ 21,000 00

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 34s,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 44s,
.
.
.
Chicago, Burlington & Quincy R .R . 34s,
Concord & Montreal R .R . 4s, .
Connecticut R iver R .R . 34s, .
.
.
Fitchburg R .R . 34s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 44s,
.
.
.
.
Fitchburg R .R . 5s,
Illinois Central R .R . 34s,
.
.
.
Maine Central R .R . 4s, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.
.
.
.
.
.
.

00
00
00
00
00
00
00
00
00
00
00
00
00

$1 ,0 0 0
1 5 ,000
15 ,0 0 0
1,000
9 ,662
2 0 ,0 0 0
10,960
24 ,8 4 3
9 ,5 0 0
6 ,0 0 0
7 ,0 0 0
2 8 ,175
25 ,0 0 0

00
00
00
00
50
00
00
75
00
00
00
00
00

No. 8.]

217

BANK COMMISSIONER
Leominster Savings Bank — C onclud ed .
Schedule of Securities Owned.

Railroad Bonds — Concluded.
Maine Central R .R . 4^s,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 3^s,
N ew Y ork , New H aven & H artford R .R . 4s,

Par Value.

Estimated
Market Value.

$4,000
20,000
25,000

$ 4 ,100 00
18,300 00
25 ,0 0 0 00

$4 ,0 0 0 00
19,550 00
25 ,0 0 0 00

$225,000

$ 2 1 9,025 00

$221,691 25

$20,000

$ 2 0 ,4 0 0 00

$ 2 0 ,0 0 0 00

.

Book Value.

Railway Bonds.
W e s t E nd Street R ailw ay Co. 4s,

Total A m ount of Loans at Specified, Rates of Interest.
Amount.

$28,7 0 0
2 0 ,494
22 ,5 0 0
18,205

Rate.

32
72
00
11

2
3
3^4

per
per
per
per

Amount.

cent.
cent.
cent.
cent.

Rate.

$15,0 0 0
2 1 ,5 0 0
113,000
3 0,000

00
00
00
00

R e a l E st a t e fo r B a n k in g P u rp o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

R e a l E s t a t e b t F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

4£
4f
4Î
4f

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

Rate.

$ 1 ,2 4 0 ,2 1 0 46
1 0,500 00
19,700 00

5 per cent.
5^- per cent.
6 per cent.

$76,000
7 5,000
58 ,0 4 0
2 ,504

.
.
.
.

O t h e r w is e : —
.
.
.
.
.

or

3,661 93
2 ,0 5 0 00

.

D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

.
.
.

.
.
.

.
.
.
.

.
.

.

.
,

.
.

.
.
.

.

G ross I n c o m e

r e c e iv e d

.

.
.
.

.

Y

D u r in g Y

ear,

.

.

.

of

E x a m in a t io n , M a y 15.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4 2 0 ,9 9 0 06

552
.
.

607,129 46

.

.

573
.

.

109,419 8 7

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

453,3 8 8 79

1,228
879
6,436

.
.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $4,936 00
$ 3,335 94
Percentage to total assets, .
.0 0 1 9 9
.0 0 1 3 5
fo r

6,796
.
5,161
.

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

00
00
00
30

.
.

.
.

.
.

Total.
$8,271 94
.0 0 3 3 4
$37,709 34
39,093 68

7 6,803 02

REPORT OF THE

218

[Pub. Doc

LEXINGTON SAVINGS BANK — LEXINGTON.
G e o r g e O. W

h it in g ,

President.
B r a d l e y C. W
A . E . S co tt , Clerk of the Corporation.

h it c h e r ,

Investment Committee:

Treasurer.

G e o r g e O. W h it in g , L e o n a r d A . S a v il l e , I r v in g
J a m e s E . Cr o n e , G e o r g e W . S p a u l d in g , C h a r l e s B . D a v is .

Incorporated March

11, 1871.
2

to

St o n e ,

Open for business every business day except Saturdays,
Saturdays, 1 0 a . m . to 1 2 m .

5 p .m .;

Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesd ay of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

Liabilities.

A ssets.

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loan on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.
B ank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$42,0 0 0
104,800
2 0,000
10,000
90
2 5,000
293,541
34,4 2 5
200
25 ,2 1 8

00
00
00
00
00
00
96
00
00
08

1,800
143
3 ,906
2 ,1 5 4

00
50
32
13

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

$532,6 8 9 32
26 ,2 0 0 00
357 52
4 ,0 3 2 15

$563,2 7 8 99

$ 5 6 3,278 99

C a s h o n D e p o sit i n B a n k : —
Fourth National Bank, Boston,

.

.

L o a n o n R a il r o a d B onds : —
$100 Chicago, Burlington & Quincy R .R . 4s,

.

.
.

.
.

Par Value.

Schedule op Securities Owned .

.
.

.
.

$3,9 0 6 32
.

Estimated
Market Value.

$90 00

Book Value.

Public Funds.
Massachusetts 3s, .
C ounty of Aroostook, Me., 4Js,
C ity of Concord, N . H ., 4s,
.
Malden, Mass., 4s,
.
New ton, Mass., 4s,
.
T ow n of Lexington, Mass., 4s,

.
.
.

.
.
.

.
.
.

$5,000
5 ,000
5,000
2 ,0 0 0
15,000
10,000

$4,693
5 ,175
5 ,1 7 5
2 ,020
16,012
10,200

75
00
00
00
50
00

$5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
2 ,0 0 0
15,000
1 0 ,000

00
00
00
00
00
00

$ 4 2 ,0 0 0

$43,2 7 6 25

$ 4 2 ,0 0 0 00

$11,000
5,000
10,000
24,000
5 ,000
5,000
5 .000
5 .000

$11,162
5,137
11,250
24 ,6 7 0
5 ,0 7 5
5 ,155
4 ,7 7 5
5 ,1 5 0

$ 1 1 ,0 0 0
5 ,0 0 0
10,000
24 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 .0 0 0
5 .0 0 0

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 4-J-s,
.
.
.
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
.
.
Connecticut & Passumpsic Rivers R .R . 4s,
Connecticut R iver R .R . 3-Js, .
.
.
Maine Central R .R . 4^s,
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.
.

50
50
00
00
00
00
00
00

00
00
00
00
00
00
00
00

No. 8.]

BANK COMMISSIONER.

219

Lexington Savings Bank — Concluded.
Schedule of Secuhities Owned.

Estimated
Market Value.

Par Value.

Railroad Bonds — Concluded.
New Y ork, New H aven & H artford R .R . 3£s,
N ew York, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
.

.

Book Value.

$10,000
20 ,0 0 0
5,000

$ 9 ,2 0 0 00
20 ,1 5 0 00
5 ,168 75

$9,8 0 0 00
2 0 ,0 0 0 00
5 ,0 0 0 00

$10 5 ,0 0 0

$106,8 9 3 75

$ 1 0 4,800 00

$ 10,000
10,000

$10,300 00
10,150 00

$10,0 0 0 00
10,000 00

$ 2 0 ,0 0 0

$ 2 0 ,4 5 0 00

$20,0 0 0 00

$10,000

$10,4 0 0 00

$10,0 0 0 00

Street Railwai/ Bonds.
Boston Elevated R ailw ay Co. 4s,
Springfield Street R ailw ay Co. 4s,
.

B oston Term inal Com pany Bonds.
Boston Terminal Company 3JrS,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$3 ,9 0 6 32
2 5 ,0 0 0 00
21 ,5 0 0 00

Rate.

Amount.

2 per cent.
4 f per cent.
4|- per cent.

Rate.

$28,0 0 0 00
209,146 96
6 ,7 5 0 00

R e a l E s t a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

Amount.

4 f per cent.
5 per cent.
5^ per cent.

:—
.
.
.
.

Rate.

$62,6 6 0 00

.
.
.
.

$25,2 1 8
27,0 0 0
2 2 ,6 0 0
272

R e a l E st a t e b t F o r e c l o su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
A m ount of same,
.
.
.
.
.
N um ber of withdrawals during year,
.
.
Am ount of same,
.
.
.
.
.
.
D e p o sit A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

.
.
.

.

40 0 00
.
.

.

.

.

.

.

.
.
.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

ear,

.

.

.

of

E x a m in a t io n , M arch 19.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

147,381 96
99

.

.

2 3 ,6 9 0 18

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent.,
.
D ate

7 9,579 78

86
.
.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $1 ,1 0 0 00
$467 88
Percentage t a total assets, .
. 00195
.0 0 0 8 3
fo r

97 ,9 3 7 00

150
117
1,793

.
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n se s

.

1,497
.
1,150
.

.

.
.

08
00
00
49

200 00

.
.

.
.

.

6 per cent.

.
.

.
.

.
.

Total.
$1 ,5 6 7 88
.0 0 2 7 8
$8 ,4 5 8 93
8 ,7 4 0 53

17,199 46

220

[Pub. Doc

REPORT OF THE

LOW ELL FIVE CENTS SAVINGS BANK — LOW ELL.
Jo h n A . F atjlkner , President.
A u s t in K . C h a d w ic k , Treasurer.
A u s t in K . C h a d w ic k , Clerk of the Corporation.

Investment Com m ittee : A r t h u r S t a p l e s , S a m u e l H . T h o m p s o n , G e o r g e L . H o o p e r ,
W

il l ia m

F. W

il d e r ,

Incorporated April 12, 1 8 5 4 .

F r a n k E . D u n b a r , A u s t in K . C h a d w ic k .

Open for business every business day, 9
also Saturdays, 7 to 9 p . m .

a .m

. to 1 p . m . ;

Deposits commence to draw interest the first Saturday of January, April, July and October.
Dividends are payable M onday following the first Saturday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.
,

A ssets.

$ 5 0 ,0 0 0
8 0 ,8 4 0
6 4 5 ,0 0 0
6 0 ,0 0 0
7 ,3 0 0
1,040
40 0
1 ,9 2 1 ,5 8 0
994,731
4 ,0 0 0
6 5 ,0 0 0

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad b o n d s,.
.
. '
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate in possession,
B ank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Deposits in banks, on interest,
Cash on hand, .
.
.
.

00
00
00
00
00
00
00
00
02
00
00

L iabilities .

$ 3 ,5 5 8 ,0 9 4 31
180,000 00

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Prem ium account,
Renewal account,

7 8 ,456 94
44 ,5 3 3 69
9 ,0 0 0 00

6 ,0 5 2 22
3 0 ,9 7 8 17
3 ,1 6 3 53
$ 3 ,8 7 0 ,0 8 4 94

$ 3 ,8 7 0 ,0 8 4 94

C a s h o n D e p o sit in B a n k s , A m o u n t i n E a c h : —
National Shawm ut Bank, Bos t on, .
.
.
.
Prescott National- Bank, Lowell, .
.
.
.
Middlesex Safe Deposit and Trust Company, Lowell,
o n B a n k S t o c k s , A m o u n t o n E ach : —
shares Appleton National Bank, Lowell,
shares Prescott National Bank, Lowell,
shares Prescott National Bank, Lowell,
shares A ppleton National Bank, Lowell,
shares Old Boston National Bank, Boston,
share W ebster and A tlas National Bank, Boston,
shares M iddlesex Safe Deposit and Trust Company, Lowell,

Schedule of Securities Owned .

$3, 500 00
CO

}

J

,000 00
O
o
00

L oans
4
43
26
2
6
1
10

$3,,883 23
17j,094 94
10,,000 00

00

Par Value.

Estimated
Market Value.

Book Value.

$25,000
20,000
5,000

$24,2 5 0 00
2 0 ,0 0 0 00
4 ,9 5 0 00

$ 2 5 ,0 0 0 00
20 ,0 0 0 00
5 ,0 0 0 00

$ 5 0 ,0 0 0

$49,2 0 0 00

$50,0 0 0 00

Public Funds.
City of Cambridge, Mass., 34s,
Chicago, 111., 4s,
.
Indianapolis, Ind., 34s,

.

.

.

Bank Stocks.
52 shares Boylston National Bank, Boston,
5
31
10
17

shares
shares
shares
shares

Faneuil H a ll National Bank, Boston,
Freemans National Bank, Boston,
Merchants National Bank, Boston, .
National Exchange Bank, Boston,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,200
500
3 ,100
1,000
1,700

$5 ,2 0 0
725
3 ,565
2 ,100
2 ,720

00
00
00
00
00

$5 ,2 0 0
500
3 ,100
1,000
1,700

00
00
00
00
00

No. 8.]

221

BANK COMMISSIONER
Lowell Five Cents Savings Bank — Continued.
S

100
40
25
32
35
100
162
66
20

shares
shares
shares
shares
shares
shares
shares
shares
shares

o r

c h e d u le

Se

c u r it ie s

O

w n e d

Estimated
Market Value.

Par Value.

.

Bank Stocks — Concluded.
National Shawmut Bank, Boston,
National Union Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Trem ont National Bank, Boston,
Old Lowell National Bank, Lowell, .
Prescott National Bank, Lowell,
Union National Bank, Lowell,
W am esit National Bank, Lowell,

Book Value.

$15,0 0 0
4 ,0 0 0
2 ,5 0 0
3 ,2 0 0
1,225
12,075
19,440
9 ,9 0 0
2 ,0 0 0

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

$ 1 0 ,0 0 0
4 ,000
2 ,500
3 ,200
1,225
10,0 0 0
16,200
6,600
2,000

$27,300
7 ,200
5,575
4,768
35
9 ,700
17,172
10,560
2 ,000

$ 6 7 ,2 2 5

$98,6 2 0 00

$80,8 4 0 00

$50,000
50,000
50,000
60,000
75,000
40 ,0 0 0
25,000
5 0,000
15,000
2 0,000
2 5,000
25,000
125,000
25,000
10,000

$48,500
4 7,500
45,7 5 0
61,200
71,250
40,4 0 0
22,875
50,500
15,375
18,400
2 3,750
23,375
128,250
2 5,500
9 ,500

$ 5 0 ,0 0 0
5 0 ,0 0 0
50 ,0 0 0
6 0 ,0 0 0
75 ,0 0 0
4 0 ,0 0 0
2 5,000
50 ,0 0 0
15,000
20 ,0 0 0
25 ,0 0 0
2 5 ,0 0 0
125,000
25 ,0 0 0
10,000

Railroad Bonds.
Boston & A lb an y R .R . 3Js,
.
.
Boston & Maine R .R . 3^-s,
.
.
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Quincy R .R .
Cleveland & Pittsburgh R .R . 3£s,
Fitchburg R .R . 4s,
.
.
.
Illinois Central R .R . 3£s,
.
.
Illinois Central R .R . 4s, .
.
.
Maine Central R .R . 4^s,
.
.
Michigan Central R .R . 3 js,
.
.
Minnesota & Iow a R .R . 3^s, .
N ew Y ork Central & Hudson R iver
New Y ork, New H aven & Hartford
Norwich & W orcester R .R . 4s,
Sioux City & Pacific R .R . 3^s,

.
.
3^s,
4s,

.
.
.

.

.
.
.
.
.

.
.
.
.

R .R . 3-j-s,
R .R . 4s,
.
.
.

.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 6 4 5,000 00

$64 5 ,0 0 0

$ 6 3 2,125 00

$50,000
10,000

$51,000 00
10,200 00

$50,0 0 0 00
10,000 0 0 *

$60,0 0 0

$61,200 00

$60,0 0 0 00

Street Railway Bonds.
Boston Elevated Railw av Co. 4s,
Lowell & Suburban Street R ailw ay Co. 5s,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 3 ,883
17,094
10,000
118,040

Rate.

23
94
00
00

2
2J
3
4

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$239,000
6 90,996
2 4 5 ,0 0 0
50,0 0 0

00
00
00
00

R e a l E st a t e fo r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
E stim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

or

Amount.

Rate.

A\ per cent.
4 j per cent.
4 f per cent.
4 f per cent.

$ 1 ,4 19,305
5 0.000
8 9 .0 0 0
2 3,710

Rate.

02
00
00
00

5

per cent.

5 i per cent.
5 \ per cent.
6

per cent.

.
.

.
.

$65,000 00
65 ,0 0 0 00
56 ,4 2 0 00

O t h e r w is e : —
.
.
.
.
.
.
.
.

.
.

4 ,000 00
4 ,700 00

.
.

222

[Pub. Doc

REPORT OF THE
Lowell Five Cents Savings Bank — Concluded.

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
N um ber of withdrawals during year,
Am ount of same,
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

.

.
.

.

.
.

.
.

.
.
.

.
.
.

.
.

.
.

.

.
.
.

.
.
.

.
.

.

.
.
.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

ear,

.

.

.

.

of

6 40,379 35

.
629
.

162,901 38

.

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
.
.
July, 1906, I f per c e n t . , .................................................
D ate

682,0 2 2 67

555
.
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $9 ,7 0 0 00
$2 ,9 5 8 08
Percentage to total assets, .
.0 0 2 5 1
.0 0 0 7 6
for

$8 1 0 ,2 4 0 41

4 ,1 8 8
3 ,016
15,501

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T otal E x p e n s e s

2 8,473
.
12,601
.

.

.

Total.
$12,6 5 8 08
.0 0 3 2 7
$54,899 04
5 7,533 37

112,432 41

E x a m in a t io n , M a y 22.

LOW ELL INSTITUTION FOR SAVINGS — LOW ELL.
A . St . Jo h n C h a m b r é , President.
E d w a r d B . C a r n e y , Treasurer.
E d w a r d B . C a r n e y , Clerk of the Corporation.

Investment Committee: G eo r g e B o w e r s , J o h n J. C o l t o n , H a r r y D u n l a p ,
Ch a r l e s H . H o b s o n , E d w a r d B . Ca r n e y .
Incorporated Feb. 20, 1829. Open for business every business day, for deposits, 9 a . m .
to 1 p . m .; Saturdays, 7 to 9 p . m .; for payments, Tuesdays, Thursdays, Saturdays,
9 a . m . to 1 p .m .; Saturdays, 7 to 9 p . m .
Deposits commence to draw interest the first Saturday of February, M ay, August and
Novem ber. Dividends are payable the M onday following first Saturday of M ay and
Novem ber.
B a l a n c e S h e e t , O ct . 31, 1906.

Assets.

Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on bank stocks,
Loans to counties, cities, towns, etc.,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Deposits in banks, on interest,
Cash on hand,
.
.
.
.

Liabilities.

$10 6 ,7 0 0
320,6 6 3
8 5 ,0 0 0
8 00
1 ,781.143
1 ,587,233
1,3 2 9 ,5 5 0
52 ,9 7 9
36 ,9 4 4
101,402
6 ,5 1 5

00
23
00
00
60
74
00
84
67
71
41

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Suspense account,
Due on mortgage
loans,
Prem ium account,

$ 5 ,4 0 8 ,9 3 3 20

C a s h o n D e p o sit in B a n k s , A m o u n t
First National Bank, Boston,
Union National Bank, Lowell,
W am esit National Bank, Lowell, .

in

34 ,1 6 8 51
5,006 56
2 ,800 00
5 ,7 8 4 87

$5,4 0 8 ,9 3 3 20

E ach : — •

L o a n o n B a n k S to cks : —
10 shares Prescott National Bank, Lowell,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 5 ,0 8 3 ,6 5 5 21
277,518 05

$ 10,000 00
7 6,402 71
15,000 00
$800 00

No. 8.]

BANK COMMISSIONER

223

Lowell Institution for Savings — Continued.
Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

Bank Stocks.
344
161
473
89

shares
shares
shares
shares

Merchants National Bank, Boston, .
New England National Bank, Boston,
Second National Bank, Boston,
Union National Bank, Lowell,

$34,400
16,100
47,300
8,900
$1 0 6 ,7 0 0

$72,240
22,540
105,479
14,240

00
00
00
00

$214,499 00

$34,400
16,100
4 7,300
8 ,900

00
00
00
00

$106,700 00

Railroad Bonds.
Boston & Lowell R .R . 4s,
Chicago, Burlington & Q uincy R .R . 3Js, .
N ew Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 3^s,
.
.
.
.

$16,000
100,000
150,000
65,000

$16,0 0 0
9 2,500
152,750
6 1 ,750

00
00
00
00

$15,969
9 2 ,375
1 50,000
6 2,318

48
00
00
75

$3 3 1 ,0 0 0

$323,000 00

$320,663 23

$50,000
35,000

$51,125 00
3 5 ,612 50

$50,000 00
3 5 ,000 00

$85,0 0 0

$86,737 50

$85,0 0 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
W e st E n d Street R ailw ay Co. 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 7 6 ,4 0 2
5 0.000
85 ,5 5 0
8 6,090
6 0,640
124,281
371,630
14.000

Rate.
71
00
00
00
00
00
00
00

2
24
3^
3^

Amount.

per cent.
per cent.
per cent.
per cent.
per cent.
3 f per cent.
3J per cent,
per ct.

$ 2 8 4,462
2,440
31 ,1 5 0
7 8.700
725,5 0 0
26 .7 0 0
100,000

j

60
00
00
00
00
00
00

Rate.

3 f per cent.
3 f per cent.
3J- per cent.
3-^j per cent.
4 per cent.
4 f per cent.
4 /g per cent.

R e a l E st a t e for B a n k in g P u r p o se s : —
Am ount invested,
.
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

.
.
6

Y

00
00
00
00
74
00
00

.

,

.
.
.

.
.

.

.
.
.

.

9,356
5 7 4 ,5 9 8 33
11,602
723,3 5 0 53

.
.
.

.

ear,

67
67
00
75

5 2,979 84
55,4 0 0 00

.

.

4 M per cent.
4J per cent.
4-J per cent.
4 f per cent.
5 per cent.
5 \ per cent.
6 per cent.

$ 3 6 ,9 4 4
36 ,9 4 4
5 9 ,970
575

.
.

1,12 0
.

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $3,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I nco m e

$75,000
659,8 0 0
4 4 5 ,9 0 0
768,5 0 0
722,4 8 3
10,000
900

Rate.

O t h e r w is e : —
.
.
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

Amount.

1,164
11,511
134
2 1 0 ,5 5 4 48
208
2 3 2 ,0 8 2 43

224

[Pub. Doc

REPORT OF THE
Lowell Institution for Savings — Concluded.

T otal E x p e n s e s

fo r

Y

ear

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
. $12,997 50
$3,901 81
.
. 00240
.0 0 0 7 2

Am ount paid during year,
Percentage to total assets,

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, I f per cent.,
.
M ay, 1906, I f per cent.,
.
.
D ate

of

.

.

.

.
.

.

Total.
$ 16,899 31
.0 0 3 1 2
$85,1 8 4 93
86 ,3 5 4 68

$171,539 61

E x a m in a t io n , O c to b er 12.

LUDLOW SAVINGS BANK — LUDLOW.
Ja m e s W . H a n n u m , President.
G r o r g e A . B ir n ie , Treasurer.
G eo r g e A . B ir n ie , Clerk of the Corporation.

Investment Comm ittee: J a m e s W . H a n n u m , G e o r g e D . G r e e n , M . H . L y o n s ,
W . S. C o l w e l l , E . E . F u l l e r .
Incorporated Feb. 23, 1888.
Open for business every business day, 10
1 to 3 p . m .; also W ednesdays and Fridays, 7.30 to 9 p . m .

a .m .

to 12

m .;

D eposits commence to draw interest the first day of January, April, July and October
Dividends are payable the first day of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities .

A ssets.

$ 1 1 ,0 0 0
1,100
6 2 ,3 8 7
8 ,1 0 0
9 ,0 0 0
2 4 2 ,4 7 3
2 0 ,5 3 5
122
4 ,0 5 7
5 0 ,1 1 4
37
5,411

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Expense account,
Prem ium account,
Deposits in banks, on interest,
Insurance account,
"Cash on hand,
.
.
.
.

00
00
50
00
00
19
00
91
66
01
00
51

$ 4 0 8,009 05
5 ,196 53

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .

4 89 93
6 43 27

$4 1 4 ,3 3 8 78

$ 4 1 4 ,3 3 8 78

C a sh o n D e p o s it in B a n k s , A m o u n t in E a c h : —
Chapin National Bank, Springfield,
.
.
.
.
.
Chicopee National Bank, Springfield,
.
.
.
.
Pynchon National Bank, Springfield (in liquidation),
.
Springfield National Bank, Springfield, .
.
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,
Union Trust Company, Springfield,
.
.
.
.
.

.
.
.
.
.

$17,4 3 5
4 ,7 8 0
178
4 ,937
9 ,915
12,866

89
48
84
09
00
71

Estimated
Market Value.

Book Value.

$ 1 1 ,0 0 0

$ 11,330 00

$ 1 1 ,0 0 0 00

$ 1 ,0 0 0

$ 1,170 00

$1 ,1 0 0 00

Par Value.

Schedule of Securities O wned.

.
.
.

Public F unds.
Tow n of A thol, M ass., 4s,

.

.

.

.

B ank Stocks.
TO shares City National Bank, H olyoke,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER

225

Ludlow Savings Bank — Concluded.
Schedule or Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Boston & N ew Y o rk Air Line R .R . 4s,
Chicago, Burlington & Quincy R .R . 3£s,
Chicago & Northwestern R .R . 7s,
Connecticut R iver R .R . 4s,
.
.
.
Illinois Central R .R . 3-|s,
.
.
.
Maine Central R .R . 7s, .
N ew Y o rk Central & H udson R iver R .R .
N ew Y ork , N ew H aven & H artford R .R .
N ew Y ork, N ew H aven & H artford R .R .
Northern Maine Seaport R .R . 5s,
W ashington County R .R . 3^s,

$2,000
5,000
5 ,000
5 ,0 0 0
1,000
15,000
1,000
5 ,000
5,000
5 ,000
10,000
5,000

.
.
.
3-Js,
3^s,
4s,

.
.

$ 2 ,340
5,150
4,625
5 ,390
1,030
13,800
1,120
4 ,700
5,457
5,150
11,150
4 ,5 5 0

00
00
00
00
00
00
00
00
50
00
00
00

$ 2 ,0 0 0
5 ,0 0 0
4 ,793
5 ,0 0 0
1,000
14,275
1,000
4 ,6 6 8
4 ,8 5 0
5 ,000
10,000
4 ,8 0 0

00
00
75
00
00
00
00
75
00
00
00
00

$ 6 4 ,0 0 0

$64,4 6 2 50

$6,100
2,000

$6,760 00
2,180 00

$6 ,1 0 0 00
2 ,0 0 0 0 0 *

$8 ,1 0 0

$ 8,940 00

$8 ,1 0 0 00

$62,3 8 7 50

Street Railw ay Bonds.
H olyoke Street R ailw ay Co. 5s,
L ynn & Boston R ailroad Co. 5s,

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$49,9 3 5 17
9 ,0 0 0 00

Rate.

Amount.

.Rate.

3 per cent.
4 f per cent.

$ 2 1 7,874 73
10,929 46

5 per cent.
5£ per cent.

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct, 31, 1 9 0 6 ,.

.
.
.

.
.
.

.
.

.
.

G ross I n c o m e

r e c e iv e d d u r in g

.

Y

Y

of

E x a m in a t io n , J u n e 19.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1 6 0 ,5 0 3 19

.
.
.

.
.
.

99 ,8 5 6 76
588
304
1,644
194
183,623 19
209

ear,

1 7,755 43

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
October, 1906, 2 per cent., .
D ate

6 per cent.

3,155

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, .
$830 00
$612 57
Percentage to total assets, .
.0 0 2 0 0
.0 0 1 4 7
for

$34,2 0 4 00

Rate.

1 ,2 0 4 .

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n se s

Amount.

Total.
$1 ,4 4 2 57
.0 0 3 4 7
$6,481 51
7,053 04

13,534 55

226

REPORT OF THE

[Pub. Doc.

LYN N FIVE CENTS SAVINGS BANK — LYN N .
R o l l in E . H a r m o n , President.
H e n r y E . N e w h a l l , Treasurer.
H e n r y E . N e w h a l l , Clerk of the Corporation.

Investment Committee: R o l l in E . H a r m o n , H e n r y A . P e v e a r , Ch a r l e s H . N e w h a l l ,
Ja m e s S. N e w h a l l , R u f u s K im b a l l .
Incorporated M ay 15, 1855.

Open for business every business day, 9
also Saturdays, 3 to 6 p . m .

a .m .

to 1

p . m .;

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
B ank stocks,
Railroad bonds , .
.
.
.
Loans on public funds,
Loans on street railway bonds,
Loans on railroad bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
T axes paid o n m ortgaged prop­
erties, .
.
.
.
.
Deposits in banks, on interest,
Repairs on m ortgaged estates,
Cash on hand, .
.
.
.

L iabilities.

$ 3 3 5,620
5 9,737
9 5 1 ,3 0 3
4 5 2 ,0 0 0
7 5 ,0 0 0
1,3 5 8 ,0 0 0
1 ,434,450
1,091,891
3 ,8 1 2
33,661
5 ,0 0 6

00
69
13
00
00
00
71
50
92
99
31

4 56
4 5 ,1 2 4
59
11,943

36
65
52
41

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
R ent account,
D ue on mortgage
loans,
Coupon account, .

$ 5 ,8 5 8 ,0 6 8 19

C a sh o n D e p o sit in B a n k s , A m o u n t in E a c h : —
Merchants National Bank, Boston,
National B ank of the Republic, Boston,
National Shawmut Bank, B o sto n ,.
Central National Bank, Lynn,
National City Bank, Lynn, .
.
.
.
L oans on
$4 ,0 0 0
10.000
10,500
2 6 .0 0 0
3 3 .0 0 0
7 5 .000
8 5 .0 0 0
8 .0 0 0
3 .000
18.000
8 .0 0 0
7 .0 0 0
25 .0 0 0
1 .000
1.000
5 .0 0 0
1,500
1 0.000
80 .0 0 0
1 0 .000
13.000

P u b l ic F u n d s , A m o u n t o n E ac h : —
New Bedford, M ass., 3-Js, .
N ew Bedford, Mass., 4s,
Quincy, M ass., 3 .6 5 s ,
Providence, R . I., 3 s,.
Boston, M ass., 3-js, .
.
.
.
Massachusetts 3^s,
.
.
.
.
Massachusetts 3s,
.
.
.
.
Alleghany, Pa., 3^s, .
.
.
.
Springfield, M ass,, 3s,
Malden, M ass., 3-|-s, .
.
.
.
Providence, R . I., 3s,
Chicago, 111., 4s,
.
.
.
.
Boston, Mass., 4s,
.
.
.
.
St. Louis, M o., 4s,
Kansas City, M o., 4-Js,
Pittsburgh, Pa., 4s, .
.
.
.
W aterbury, Conn., 4s,
Saginaw, M ich., 4 s ,* .
.
.
.
Augusta, Me. (W a te r District), 4s,
Massachusetts 3-ts,
.
.
.
.
N ew Bedford, M ass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Legal collateral has since been substituted.

$ 5 ,2 3 2 ,5 6 6 48
2 6 0 ,7 0 0 00
3 0 3 ,9 0 8 63
772 62
5 9,808 40
312 06

$ 5 ,8 5 8 ,0 6 8 19

$5 ,4 7 0
5 ,5 3 0
9 ,0 2 6
5,377
19,719

71
00
12
90
92

$ 2 1 5 ,0 0 0 00

2 5 .0 0 0 00

3 7 .0 0 0 00

1 07,000 00

No. 8.]

BANK COMMISSIONER.

227

Lynn Five Cents Savings Bank — Continued.
$1 ,0 0 0
2 .0 0 0
1.000
7 .000
1.000
1.000
17.000
1.000
2 .000
6 .000
2 6.000
10.000

Massachusetts 3-¡-s,
.
.
.
.
.
Manchester, N . H ., 4^s,
.
.
.
H olyoke, Mass., 3^s, .
.
.
.
.
W atertow n, Mass., 4s, .
.
.
.
.
Boston, Mass., 4s,
.
.
.
.
.
Lynn, Mass., 4s,
.
.
.
.
.
Peabody, Mass., 4s, .
.
.
.
.
Massachusetts 3s,
.
.
.
.
Massachusetts 3Js,
.
.
.
.
.
Am esbury, Mass., 4s,
.
.
.
.
Kennebec, Me. (W a te r District), 3Js, .
Massachusetts 3s,
.
.
.
.
.

.
.
$ 11,000 00

.
.

.
-

.

24 .0 0 0 00

.

2 5 .0 0 0 00

.
.
.

8,000 00

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E ac h : —
$172,000 Boston & Maine R .R . 4s,
.
.
.
.
140.000 Chicago, Burlington & Quincy R .R . 4s,
10.000 New York, New H aven & Hartford R .R . 3^s, .
9 6 .000 New Y ork Central & Hudson R iver R .R . 3^s, .
10.000 Maine Central R .R . 5s, .
.
.
.
.
25 .0 0 0 Northern Maine Seaport R .R . 5s,
22 .0 0 0 Cleveland & Pittsburg R .R . 3-)s,
4 .0 0 0 Chicago, Burlington & Quincy R .R . 3 |s, .
4 .0 0 0 New Y ork Central & H udson R iver R .R . 3^s, .
3 .0 0 0 Illinois Central R .R . 3-J-s,
.
.
.
.
5 .0 0 0 Fitchburg R .R . 4 s ,.
.
.
.
.
.
'
125.000 Chicago, Burlington & Quincy R .R . 4s,
3 0.000 New Y ork Central & Hudson R iver R .R . 3^-s, .
300.0 0 0 Boston & Maine R .R . 4s,
.
.
.
.
300 Maine Central R .R . 7s, .
.
.
.
.
5 .000 Fitchburg R .R . 4 s ,.
.
.
.
.
.
4 .0 0 0 New Y ork Central & Hudson R iver R .R . 3-|s,
6 .0 0 0 New Y ork, New H aven & Hartford R .R . 3-jS, .
2 1.000 Northern Maine Seaport R .R . 5s,
1.000 Old Colony R .R . 4 s , ................................................
1.000 Illinois Central R .R . 3^s,
.
.
.
.
1.000 New Y ork, New H aven & Hartford R .R . 4s,
1.000 Concord & Montreal R .R . 4s, .
.
.
.
1.000 Fitchburg R .R . 4 s ,.
50 .0 0 0 Fitchburg R .R . 5 s ,.
64 .0 0 0 Fitchburg R .R . 4s , .
.
.
.
.
.
45.0 0 0 Certified check on Merchants National Bank, Boston,
10.000 Northern Maine Seaport R .R . 5s,
121.000 New England R .R . 4s,
74.000 New Y ork, New H aven & Hartford R .R . 4s,
19.000 New Y ork Central & Hudson R iver R .R . 3Js, .
5 6.000 Illinois Central R .R . 3-jS,
.
.
.
.
7 0.000 Illinois Central R .R . 3-§-s,
.
.
.
.
L oans on
$ 6 ,000
2 0 .000
35 .0 0 0
1.000
1.000
15.000

i

$ 4 0 0 ,0 0 0 0 0

25 .0 0 0 00
}

33 ,0 0 0 00

I

J
•

4 3 5 ,0 0 0 00

37 .0 0 0 00

j
j
}

1,000 00
1 50,000 00

10.000 00
150,000 00
6 7 ,000 0 0
5 0 ,0 0 0 0 0

S t r e e t R a il w a y B o n d s , A m o u n t o n E a c h : —
W e st E nd Street R ailw ay Co. 4s,
Boston Elevated R ailw ay Co. 4s,
Leominster, Shirley & A yer Street R ailw ay Co. 5s,
Boston Consolidated Street R ailw ay Co. 5s,
Lynn Belt Line Street R ailw ay Co. 5 s,*
Boston Elevated R ailw ay Co. 4s,

$ 5 8 ,0 0 0 00

2,000 00
1 5,000 00

* Legal collateral has since been substituted.

Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3 ^ s ,.
.
County of Fairfield, Conn., 4s,
City of Augusta, Me. (W a ter District),
Boston, M ass., 4s,
.
.
Brockton, Mass., 4s,
.
.
Chicago, 111., 4s,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4s,
.
.
.

.
.
.

$5,000
19,000
25,000
100,000
8 ,000
15,000

$ 5,000
19,095
25,5 0 0
105,500
8 ,090
15,037

00
00
00
00
00
50

$5,000
19,000
2 5,000
100,000
8,000
15,000

00
00
00
00
00
00

[Pub. Hoc

REPORT OF THE

228

Lynn Five Cents Savings Bank — Continued.
Schedule of Securities Owned .

P ublic F un ds — Concluded.
City of D ayton, O ., 4s, .
Grand Rapids, Mich., 4 -is,
Holyoke, Mass., 3-J-s,
Kansas City, M o., 4s, .
Manchester, N . H ., 4 s ,.
Middleborough, Mass., 4s,
New Bedford, Mass., 7s,
Norwich, Conn., 3-J-s, .
Peoria, 111., 4-^s, .
Pittsburgh, Pa., 4s,
Rockford, 111., 4^s,
Saginaw, M ich., 4s,
Youngstow n, O ., 5s,
T ow n of Gardner, Mass., 4s,
Peabody, Mass., 3-jS,

Par Value.

$36,000
12,000
12,000
10,000
1,000
5,000
9 ,000
10,000
10,000
5 ,000
10,000
10,000
12,620
9 ,000
12,000
35 ,6 2 0

Estimated
Market Value.

Book Value.

$36,162
12,420
11,922
10,300
1,010
5,175
9 ,630
9 ,650
10,100
5,075
10,150
10,075
13,490
9 ,045
11,915

$ 36,000
12,000
12,000
10,000
1,000
5,000
9 ,000
10,000
10,000
5,000
10,000
10,000
12,620
9 ,000
12,000

50
00
50
00
00
00
00
00
00
00
00
00
85
00
00

$344,343 35

Bank Stocks.
14
2
63
45
78
266
30

shares Boylston National Bank, Boston,
shares State National Bank, Boston, .
shares Trem ont National Bank, Boston,
shares Georgetown N a t’l Bank, Georgetown,
shares Central National Bank, Lynn,
shares National City Bank, Lynn,
shares Essex Trust Co., L ynn, .

$1,400
200
2 ,205
4 ,500
7,800
2 6,600
3 ,000

$ 1.400
298
63
4 ,500
13,260
41 ,2 3 0
6 ,450

00
00
00
00
00
00
00

$45,705

$67,201 00

$5 ,0 0 0
52,0 0 0
5 ,0 0 0
30,0 0 0
5 0,000
2 4,000
9 5,000
65,000
15,000
10,000
2 5,000
19,000
18,000
2 0,000
6 0,000
15,000
2 4,000
10,000
23,0 0 0
5,000
314,0 0 0
2 0,000
11,000
8 ,000
15,000
18,000
10,000

$5,725
53,560
5,350
3 0,600
56,250
26,400
8 7,875
66,625
16,375
11,100
28,000
19,222
19,395
15,800
5 5,200
15,150
2 4,120
10,300
26,680
4 ,575
320,615
18,800
11,165
8 ,400
15,525
18,000
10,700

Railroad Bonds.
Aroostook & Northern R .R . 5s,
Boston & New Y o rk A ir Line R .R . 4s,
Boston, Revere Beach & L ynn R .R . 4-§s, .
Boston & Maine R .R . 4s,
Boston & Maine R .R . 4 is ,
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Q uincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . 6s,
Chicago & Northwestern R .R . 7s,
Fitchburg R .R . 4s,
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Illinois Central R.R,. 3s, .
Illinois Central R .R . 3£s,
Illinois Central R .R . 4s, .
.
.
.
Maine Central R .R . 4s, .
.
.
.
Maine Central R .R . 4-Js,
Maine Central R .R . 7s, .
N ew Y ork , N ew H aven & H artford R .R . 3Js,
N ew Y ork , New H aven & H artford R .R . 4s,
N ew Y o rk Central & H udson R iver R .R . 3Js,
Portland & Ogdensburg R .R . 5s,
Rochester & Northern Minnesota R .R . 7s,
Verm ont V alley R .R . 5s,
.
.
.
U pper Coos R .R . 4s,
.
.
.
.
W atertow n & R om e R .R . 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 9 6 6,000

* A legal investm ent when made.

00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$981,507 50

00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00

$335,620 00

$ 1,400
200
5
4 ,555
9,613
37,963
6 ,000

00
00
00
00
97
72
00

$59,737 69

$ 5,000
5 2,000
5,000
3 0,000
50,000
24,000
88,818
6 5,000
15,000
10,000
25,000
19,000
18,000
16,700
56,459
15,000
2 4,000
10,000
2 3,000
4 ,5 5 0
314,0 0 0
18,775
11,000
8 ,000
15,000
18,000
10,000

00
00
00
00
00
00
75
00
00
00
00
00
00
00
38
00
00
00
00
00
00
00
00
00
00
00
00

$951,303 13

No. 8.]

BANK COMMISSIONER.

229

Lynn Five Cents Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 14,496
3 0,627
503,191
2 5 0 ,0 0 0

Rate.

83
82
50
00

2

Amount.

per cent.

2% per cent.
4 per cent.
4 f per cent.

$200,000
1,155,000
50,0 0 0
350,000

Rate!

00
00
00
00

4 f per
per
4 § per
4 f per

R e a l E st a t e fo r B a n k in g P u r po ses : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N e t income during year,
.
.
.

.
.
.
.

cent.
cent.
cent.
cent.

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

.
.
.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

.

.

.

of

per
per
per
per

cent.
cent.
cent.
cent.

99
00
00
03

$ 3,812 92
9 ,5 5 0 00
725 75
4 6,279

.

1 ,3 8 6 ,9 5 5 53
2 8,016

.

.
.
.

.

1 ,322,833 99
.
.

.

.

.

5 ,519
4,306
26,972
573
6 9 9 ,0 2 5 71
677

ear,

2 5 4 ,9 6 4 10

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
D ate

5
51,5f
6

.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$10,3 7 0 97
$ 4,768 37
Percentage to total assets, .
. 00177
.00081
fo r

00
71
00
00

$33,661
3 4 ,0 0 0
32 ,6 0 0
2 ,5 4 8

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n s e s

$1,1 3 4 ,6 2 5
597,205
50 ,0 0 0
121,320

Rate.

.
.
.
.

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value,
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

Amount.

.
.

.
.

Total.
$15,139 34
.0 0 2 5 8
$82,1 8 4 74
8 4,372 62

166,557 36

E x a m in a t io n , A p r il 5.

LYNN INSTITUTION FOR SAVINGS — LYNN.
C h a r i .es S. P u r in t o n , President.
F r e d e r ic k L . B u b ie r , Treasurer.
F r e d e r ic k L . B u b ie r , Clerk of the Corporation.

Investment Committee: C h a r l e s S. P u r in t o n , J o seph B . B r e e d , L u t h e r S. J o h n s o n ,
B e n j a m in F . S p in n e y .
Incorporated June 20, 1826. Open for business every business day, 9
also Saturdays, 2.3 0 to 5.3 0 p. m .

a .m .

to 1

p.m .

Deposits commence to draw interest the first day of February, M ay, August and
Novem ber.
Dividends are payable the first day of M ay and Novem ber.


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Federal Reserve Bank of St. Louis

;

230

REPORT OF THE

[Pub. Doc.

Lynn Institution for Savings — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on bank stocks,
Loan on street railway bonds,
Loan on railroad bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
B ank building and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 ,0 1 6 ,0 0 0
92 ,3 0 0
1 ,2 7 0 ,7 7 4
100,000
80,0 0 0
13,700
50 .0 0 0
50 .0 0 0
183,850
1 ,4 6 5 ,2 6 5
1,860 ,7 5 0
3 0 .0 0 0
230,341
23 ,6 3 5

00
00
50
00
00
00
00
00
00
00
00
00
60
93

Deposits,
G uaranty fund,
Profit and loss ac­
count,

$ 6 ,4 6 6 ,6 1 7 03

C a sh o n D e p o s it in B a n k s , A m o u n t
National Exchange Bank, Boston,
Central National Bank, Lynn,
.
Essex Trust Co., Lynn,
.
.
L ynn National Bank, Ly nn, .
.
National Security Bank, Lynn,
.

$ 5 ,9 33,969 61
2 9 5 ,0 0 0 00
2 37,647 42

$ 6 ,4 6 6 ,6 1 7 03

E ach : —
.
.
.
.
.
.
.
.
.
.
.
.
.

in

.
.

.

$31,6 6 8
12.500
123,672
50 ,0 0 0
12.500

.
.
.
.

L o an s o n B a n k S t o c k s , A m o u n t o n E a c h : —
47 shares Manufacturers National Bank, Lynn,
100 shares Central National Bank, Lynn,

77
00
83
00
00

$3 ,7 0 0 00

10,000 00

L o a n o n R a il r o a d B onds : —
$61,000 New Y ork Central & H udson R iver R .R . 3-ls,

$50,0 0 0 00

L o a n o n S t r e e t R a il w a y B onds : —
$38,000 Boston Elevated R ailw ay Co. 4s,
15,000 Leominster, Shirley & A yer Street R ailw ay Co. 5s,

$ 50,000 00

Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
Massachusetts 3-Js,.
City of Akron, O ., 4-Js, .
.
Boston, Mass., 4s,
Cambridge, Mass., 4s, .
Chicago, 111., 4s,
Fall River, Mass., 4s, .
Gloucester, Mass., 4s, .
Hartford, Conn., 4s,
Kansas City, M o., 4s, .
Lynn, Mass., 3£s,
Lynn, Mass., 4s,
Middletown, Conn., 3Js,
Milwaukee, W is., 5s,
Nashua, N . H ., 4s,
New Bedford, Mass., 6s,
New ton, Mass., 4s,
Peoria, 111., 4-Js, .
Portland, M e., 6s,
Taunton, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

$ 2 0 0,000
36 ,0 0 0
165,000
3 0,000
100,000
3 0,000
37,0 0 0
25,000
15,000
3 4,500
173,500
15,000
2 0,000
2 0 ,000
5,000
10,000
2 0,000
14,000
28,000

$201,187
3 6,240
171,575
30,6 0 0
101,212
3 0,600
3 7,995
2 5,687
15,450
34 ,1 2 5
174,405
14,700
20 ,6 0 0
2 0,225
5,375
10,140
20,2 0 0
14,210
28 ,2 8 0

50
00
00
00
50
00
00
50
00
00
00
00
00
00
00
00
00
00
00

$2 0 0 ,0 0 0
36 ,0 0 0
165,000
3 0 ,0 0 0
100,000
3 0 ,0 0 0
37,0 0 0
2 5 ,0 0 0
15,000
3 4 ,5 0 0
173,500
15,000
2 0 ,0 0 0
2 0 ,0 0 0
5 ,000
10,000
2 0 ,0 0 0
14,000
2 8 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

BANK COMMISSIONEN.

No. 8.]

231

Lynn Institution for Savings — Continued.
Schedule op Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

Public F un ds — Concluded.
City of Y oungstow n, O ., 5s,
Tow n of Revere, Mass., 4s,
South Abington, Mass., 4s,

$11,000
22 ,0 0 0
5 ,000

$ 11,305 00
2 2,370 00
5,075 00

$11,000 00
2 2,000 00
5 ,000 00

$ 1 ,0 16,000

$ 1 ,0 31,557 50 $1,0 1 6 ,0 0 0 00

Bank Stocks.
10
55
100
78
92
75
200
100
213

shares
shares
shares
shares
shares
shares
shares
shares
shares

Freemans National Bank, Boston,
National Exchange Bank, Boston,
National Rockland Bank, Boston,
National Shawmut Bank, Boston,
National Union Bank, Boston,
Second National Bank, Boston,
Central National Bank, Lynn,
Essex Trust Company, Lynn, .
National City Bank, Lynn,

$ 1,000
5,500
10,000
7,800
9 ,200
7,500
20,000
10,000
21,300
$92,300

$1,150
8 ,800
17,000
21,294
16,560
16,725
3 4,000
21,500
3 3,015

00
00
00
00
00
00
00
00
00

$ 1 7 0,044 00

$ 1,000
5,500
10,000
7,800
9 ,200
7 ,500
2 0,000
10,000
21,300

00
00
00
00
00
00
00
00
00

$92,3 0 0 00

Railroad Bonds.
Bangor & Aroostook R .R . 5s,
.
.
.
Boston & A lb an y R .R . 3^s,
Boston & Maine R .R . 4Vs,
.
.
.
.
Boston & Providence R .R . 4s,
Boston, Concord & Montreal R .R . 6s,
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Quincy R .R . 3 Vs, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 3^s, .
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 4Vs,
Concord & Montreal R .R . 4s,
.
.
.
.
Erie & Pittsburgh R .R . 3^s,
.
.
.
.
Fremont, Elkhorn & Missouri V alley R .R . 6s, .
Hannibal & St. Joseph R .R . 6s,
Housatonic R .R . 5s,
Illinois Central R .R . 4s,
.
.
.
.
Kalam azoo, Allegan & Grand R apids R .R . 5s, .
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 5s, .
Maine Central R .R . 7s, .
Michigan Central R .R . 5s,
Milwaukee, Lake Shore & W estern R .R . 6s,
N ew England R .R . 5s, .
N ew H aven & N ortham pton R .R . 6s,
N ew Y ork Central & Hudson River R .R . 3 Vs, .
N ew Y ork, N ew H aven & H artford R .R . 3 Vs, .
N ew Y ork, New H aven & H artford R .R . 4s,
Northwestern Union R ailw ay 7s,
Peoria & Northwestern R .R . 3 Vs,
Portland & Ogdensburg R .R . 3Vs,
Portsmouth, Great Falls & Conway R .R . 4Vs, .
St. Johnsbury & Lake Champlain R .R . 5s,
T roy & Boston R .R . 7s,
.
.
.
.
Verm ont V alley R .R . 5s,
.
.
.
.
W in o n a & St. Peters R .R . 7s,

$29,000
50,000
48 ,0 0 0
2 0,000
5 0,000
3 8,600
50,000
122,000
3 0,000
20,000
13,000
3 5,000
2 5,000
57,000
25,000
25,000
15,000
25,000
23,200
1,000
67,000
5 0 ,000
68,000
25,000
11,000
50,000
25,000
125,000
22,000
25,000
15,000
2 2,500
10,000
15,000
2 5,000
19,000
$1,276,300

$34,220
47,2 5 0
5 4,000
2 0,300
5 3,750
42,4 6 0
4 6,250
124,510
28,800
2 4,200
14,560
35,525
23,750
76,950
26,937
29,875
15,375
30,000
23,258
1,055
77,720
58,750
83,715
3 1,000
11,550
4 7,000
22,875
127,500
27,720
2 3,500
14,850
24,975
12,000
20,700
25,875
2 3 ,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$29,0 0 0
5 0,000
48 ,0 0 0
2 0,000
5 0,000
38 ,6 0 0
49 ,4 3 7
122,000
29 ,1 0 0
2 0,000
13,000
35 ,0 0 0
25,000
57,000
25,000
25 ,0 0 0
15,000
25,000
23,200
1,000
67,000
5 0,000
68,000
2 5,000
11,000
4 7 ,500
2 5,000
125,000
2 2,000
2 3,625
14,812
2 2,500
10,000
15,000
2 5,000
19,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

$1,3 8 6 ,5 0 5 50 $ 1 ,2 70,774 50

Street Railway Bonds.
Boston Elevated R ailw ay Co. 4s,
W e st E nd Street R ailw ay Co. 4s,

$50,000
50,000

$51,1 2 5 00
5 1 ,000 00

$ 50,000 00
5 0,000 00

$100,000

$102,125 00

$ 1 0 0,000 00

$80,000

$ 83,200 00

$80,0 0 0 00

Boston Term inal Company Bonds.
Boston Terminal Company 3Vs,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

232

[Pub. Doc

Lynn Institution for Savings — Concluded.
Total A m ount of Loans at Specified Rates of Interest.

$31,6 6 8
148,672
17,800
6 ,5 0 0
2 1 ,750

Amount.

Rate.

Amount.

77
83
00
00
00

2
2\
3^
3f
3f

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

$ 1 4 0,800
230,0 0 0
1,219 ,2 5 0
50 ,0 0 0
4 2 3 ,5 0 0

Rate.

00
00
00
00
00

4
4f
4j
4§
4f

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

Amount,

Rate.

$ 1 ,3 7 4 ,0 1 5 00
140,575 00
4 9 ,3 7 5 00

5 per cent.
5A per cent.
6 per cent.

R e a l E s t a t e f o r B a n k in g P u r p o se s : —
A m ount invested,
E stim ated value,
Assessed value, .
N et income during year,

§3 0 ,0 0 0
5 0 ,0 0 0
3 4 ,5 0 0
211

D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
Num ber of withdrawals during year,
A m ount of same,
D e p o sit A cco u n ts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
6

,

2 3,529
1 ,2 5 1,093 00
15,632
.
.
.
.

.
.
.

.
.
.

.

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

of

388
592,5 8 0 00
527
277,498 01

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : — April, 1906, I f per cent.,
.
.
.
October, 1906, I f per cent., .
.
.
D ate

1,109 ,1 3 3 12

2 ,458
1,710
15,518

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 1 0 ,4 3 5 70
$ 3 ,1 7 8 40
Percentage to total assets, .
.0 0 1 6 1
.0 0 0 4 9
for

00
00
00
70

.
.

.
.

Total.
$ 1 3 ,6 1 4 10
.0 0 2 1 0
$93,4 0 7 30
95 593 16

189,000 46

E x a m in a t io n , A u g u s t 13.

MALDEN SAVINGS BANK — MALDEN.
R o s w e l l R . R o b in s o n , President.
F r a n c is A . S h o v e , Treasurer.
F r a n c is A . S h o v e , Clerk of the Corporation.

Investment

Committee:

R o s w e l l R . R o b in s o n , A l l a n J. Ch a s e , J o h n P. H o l d e n »
E v e r e t t J. S t e v e n s , W il l ia m G . A . T u r n e r , D a n ie l P. W i s e .

Incorporated April 2, 1860. Open for business every business day, 8 .3 0
also Saturdays, for deposits, 7 to 8 .3 0 p . m .

a .m .

to 1

p . m .;

Deposits commence to draw interest the second W edn esday of January, April, July and
October. Dividends are payable the second W ednesd ay of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK COMMISSIONER

No. 8.]

233

Malden Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L iabilities.

A ssets.

$6 6 6 ,0 2 3
2 7,100
5 9 7 ,5 0 0
7 8,500
5 0 ,0 0 0
114,800
250
2 ,3 8 3 ,1 1 8
1 ,750,485
4 ,2 7 0
1,061
24,021
1,113

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
. •
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

00
00
00
00
00
00
00
00
00
67
85
88
81

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .

125,490 89
12,358 39

$ 5 ,6 9 8 ,2 4 4 21

$ 5 ,6 9 8 ,2 4 4 21

C a sh o n D e p o sit i n B a n k s , A m o u n t in E a c h : —
Boston Safe Deposit and Trust Company, Boston,
W inthrop National Bank, Boston,
First National Bank, Malden,

Par Value.

Schedule of Securities Owned .

$ 5 ,3 7 9 ,3 9 4 93
181,000 00

$4,983 52
10,085 31
8,953 05

Estimated
Market Value.

Book Value.

P ublic Funds.
County of Berkshire, Mass., 4s,
City of Akron, O ., 4s,
.
.
Augusta, M e., 4s,
.
Boston, Mass., 3^s,
.
Brockton, Mass., 3Js, .
Brockton, Mass., 4s,
.
Burlington, V t., 4s,
.
Cambridge, Mass., 3-jS,
Cambridge, Mass., 4s, .
Beverly, Mass., 4s,
.
Canton, O., 3£s, .
.
D ayton, O., 3-jS,
.
Eastport, M e., 4s,
.
Grand Rapids, Mich., 4^s,
Malden, Mass., 3-Js,
.
Malden, Mass., 4s,
.
Minneapolis, Minn., 4s,
Norwich, Conn., 3-Js, .
Pittsburgh, Pa., 4s,
.
Portsmouth, N . H ., 4s,
Quincy, Mass., 3-jS,
.
Quincy, Mass., 4s,
.
Saginaw, Mich., 4s,
.
Springfield, O., 5s,
.
Taunton, Mass., 3-Js, .
Troy, N . Y ., 4s, .
W alth am , Mass., 4s,
Youngstow n, O., 4-Js, .
Youngstow n, O., 5s,
.
Town of Belm ont, Mass., 3-jS,
Boothbay, M e., 4s,
.
Bourne, Mass., 4s,

.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.

.

.
.

.
.

.

.

.

.
.

.
.

.
.

.
.

.
.

.
.

.
.
.
.
.

.
.
.

.
.
.

.

.

.
.

.
.

.
.

.

.

.

.

.

.

$ 5,000
17,000
15,000
5 0,000
2 3,950
2,000
1,000
25,000
2 ,000
10,000
18,500
25,000
10,000
2,000
75,000
110,000
15,000
2 7,000
10,000
20,000
21,000
5,000
7,000
1,000
10,000
15,000
4 ,000
15,300
14,348
5,000
1,000
13,200

$5 ,0 0 0
17,000
15,300
48,1 7 5
23,8 5 0
2 ,0 0 0
1,010
2 4,750
2 ,020
10,175
17,870
24,3 7 5
10,000
2 ,0 7 0
72,5 5 0
110,075
15,490
25,9 2 0
10,300
2 0,400
2 0,485
5 ,000
7 ,035
1,130
9 ,7 2 5
15,375
4 ,015
15,680
14,500
4 ,7 5 0
1,000
13,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

* A legal investm ent when m ade.
t N o t a legal investment when made, and since disposed of.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5 ,0 0 0
17.000
15.000
50 ,0 0 0
23 ,9 5 0
2 ,0 0 0
1,000
25 ,0 0 0
2 ,000
10,000
18,275
2 4,950
10,000
2 ,0 0 0
75,0 0 0
110,000
15,000
27,0 0 0
10,000
2 0,000
21,0 0 0
5 ,0 0 0
7 ,000
1,000
10,000
15,000
4 ,0 0 0
15,300
14,348
5 ,0 0 0
1,000
13,200

00
00
00
00
00
00
00
00
00
00
00f
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00

KEPORT OF THE

234

Malden Savings Bank —

P ublic Funds — Concluded.
Tow n of Burrillville, it . I., 4s,
Clinton, Mass., 4s,
.
.
.
Ipswich, Mass., 4s,
.
.
.
Middleborough, Mass., 4s, .
Newmarket, N . EL, 3 -is,
Old Orchard, M e., 4s,
Revere, Mass., 34s, .
Sharon, Mass., 4s,
.
.
.
Stoughton, Mass., 4s,
W inchester, Mass., 4s,

C o n tin u ed .

Par Value.

Schedule of Securities Owned.

$15,000
3 ,000
10,000
10,000
13,000
10,000
20,000
7,000
2,000
1,000

.
.

.

[Pub. Doc

$666,298

Estimated
Market Value.

$15,0 0 0
3,060
10,225
10,260
12,675
9,800
19,475
7,105
2,030
1,000

00
00
00
00
00
00
00
00
00
00

$660,955 00

Book Value.

$15,000
3 ,000
10,000
10,000
13,000
10,000
20 ,0 0 0
7 ,000
2 ,0 0 0
1,000

00
00
00
00
00
00*
00
00
00
00

$666,023 00

Bank Stocks.
23
27
15
30
13
73
5
10
7
68

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Atlantic National Bank, Boston,
First National Bank, Boston,
Freemans National Bank, Boston,
Merchants National Bank, Boston,
N a t’l Bank of Commerce, Boston,
National Exchange Bank, Boston,
National Rockland Bank, Boston,
Old Boston National Bank, Boston,
State National Bank, Boston, .
First National Bank, Malden,

.

$2,300
2,700
1,500
3,000
1,300
7,300
500
1,000
700
6 ,8 0 0

$3,335
7,965
1,725
6,300
2 ,080
11,680
850
1,100
1,043
17,000

00
00
00
00
00
00
00
00
00
00

$2 ,3 0 0
2 ,700
1,500
3 ,0 0 0
1,300
7 ,300
500
1,000
700
6 ,8 0 0

00
00
00
00
00
00
00
00
00
00

$27,1 0 0

$53,078 00

$ 2 7 ,1 0 0 00

$ 30,000
3 8 ,000
14,000
11,000
3 ,000
10,000
5 0 ,000
15,000
10,000
14,000
3 0,000
2 ,000
14,000
15,000
15,000
1,000
20,0 0 0
30,0 0 0
2 0,000
11,000
15,000
6 0,000
5 0,000
30 ,0 0 0
10,000
2 0,000
1,000
4 ,0 0 0
15,000
10,000
10,000
2 5,000

$30,600
38 ,0 0 0
11,340
10,500
3 ,075
9 ,400
46 ,2 5 0
15,150
9,400
14,350
3 0,450
2,060
14,140
15,150
14,270
1,005
2 0,200
27,530
2 0,300
11,000
14,100
5 7,000
46 ,0 0 0
3 0,375
10,250
19,700
1,015
4 ,0 0 0
16,650
12,000
10,300
2 5,750

$30,0 0 0
38 ,0 0 0
13,300
11,000
3 ,0 0 0
10,000
49 ,6 2 5
15,000
9 ,725
14,000
3 0 ,0 0 0
2 ,0 0 0
14,000
15,000
1 5,000
1,000
20 ,0 0 0
2 9 ,1 9 5
2 0 ,0 0 0
1 1 ,000
14,850
5 6 ,9 8 0
5 0 ,0 0 0
3 0 ,0 0 0
10,000
19,825
1,000
4 ,0 0 0
1 5,000
1 0,000
10,000
25 ,0 0 0

Railroad Bonds.
Beech Creek R .R . 4s,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3s,
.
.
.
.
Boston & Maine R .R . 34s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boyer V alley R .R . 34s, .
.
.
.
.
Chicago, Burlington & Q uincy R .R . 34s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 34s, .
Concord & Claremont R .R . 44s,
Concord & Montreal R .R . 4s, .
Connecticut R iver R .R . 4s,
D akota Central R .R . 6 s ,.
D anbury & Norwalk R .R . 4s,
Fitchburg R .R . 34s,
.
.
.
.
.
Fitchburg R .R . 4s,
Fitchburg R .R . 5s,
Illinois Central R .R . 34s,
.
.
.
.
Illinois Central R .R . 4s,
.
.
.
.
Maine Central R .R . 4s, .
Michigan Central R .R . 34s,
.
.
.
.
N ew Y ork Central & Hudson R iver R .R . 34s,
Jslew Y ork, JNew H aven & H artford R .R . 34s,
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Portland & Ogdensburg R .R . 34s, .
Portland & Ogdensburg R .R . 5s,
Portland & R ochester R .R . 4s,
Portsm outh, Great Falls & Conway R .R . 44s,
St. Johnsbury & Lake Champlain R .R . 5s,
W estern Pennsylvania R .R . 4s,
W orcester, Nashua & Rochester R .R . 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.

$ 6 0 3,000

* A legal investm ent when m ade.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 5 9 1,310 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 5 9 7 ,5 0 0 00

235

BANK COMMISSIONER.

No. 8.]

Malden Savings Bank — Concluded.
Par Value.

S c h e d u l e o p S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Street Railway Bonds.
Boston Consolidated Street R ailw ay Co. 5s,
Boston Elevated R ailw ay Company 4s,
H olyoke Street R ailw ay Company 5s,
W e st E n d Street R ailw ay Company 4s,
W e s t E n d Street R ailw ay Company 4^s, .

$500
2 5,000
4 ,0 0 0
46 ,0 0 0
3 ,0 0 0

$ 500
2 5 ,5 6 0
4 ,2 8 0
4 7 ,0 2 0
3 ,1 3 0

00
00
00
00
00

$500
2 5 ,0 0 0
4 ,0 0 0
4 6 ,0 0 0
3 ,0 0 0

00
00
00
00
00

$78,5 0 0

$ 8 0 ,4 9 0 00

$ 7 8 ,5 0 0 00

$50,0 0 0

$ 5 2 ,0 0 0 00

$ 5 0 ,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany

3 -jS ,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 13,936
1 0 „08 5
12,000
2 4 9 ,9 3 5
118,900

Rate.

57
31
00
00
00

2
24
3f
4
4j:

Amount.

per cent.
per -cent.
per cent.
per cent.
per cent.

$560,800
601,700
50.000
1,890.843
8 5.000

R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

Rate.

00
00
00
00
00

per
per
per
per
per

cent.
cent.
cent.
cent,
cent.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g

Y

2 4,594

.

1 ,0 7 4,732 15

.

9 9 0 ,9 9 5 99

.
.
.
.

,

.
.
.

2,355
1,730
15,944

.
.
.

.

.

of

E x a m in a t io n , J u n e 13


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

876
1 ,238,688 00
' 1,039
248,1 0 2 70

ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
. ■
October, 1906, 2 per cent., .
.
.
D ate

54 per cent.
5 f per cent.
6 per cent.

15,279

.
.
6

.
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 8,694 40
$ 3 ,615 60
Percentage to total assets,
.0 0 1 5 2
.0 0 0 6 4
fo r

$25 0 ,6 0 0 00
2 5 ,0 0 0 00
4 0 3 ,8 7 5 00

$ 4 ,2 7 0 67
4 ,0 0 0 00

S t a t ist ic s o f L o a n s : —
N um ber not exceeding $ 3,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n se s

Rate.

O t h e r w is e : —
.
.
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A cco u n ts : —
Num ber opened during year,
N um ber closed during year,
T otal number O ct. 31, 1 9 0

4^
4f
4f
5

Amount.

and

14.

.
.

.
.

Total.
$12,3 1 0 00
.0 0 2 1 6
$ 9 8 ,4 0 6 73
100,978 43

199,385 16

REPORT OF THE

236

[Pub. Doc

MARBLEHEAD SAVINGS BANK — MARBLEHEAD.
N a t h a n P. S a n b o r n , President.
W il l ia m F . N u t t in g , Treasurer.
J o h n G . B r o u g h t o n , Clerk of the Corporation.

Investment Committee:

N a t h a n P . S a n b o r n , J o h n L . G il b e r t , E v e r e t t P a in e ,
F r a n k P . H a m m o n d , W il l ia m L . H o o p e r .

Incorporated March 18, 1871.

Open for business every business day, 9

a .m .

to 12

m.

Deposits commence to draw interest the first day of February, M ay, A ugust and
Novem ber. Dividends are payable the first day of M ay and Novem ber.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
Bank stocks,
Railroad bonds , .
.
.
.
Street railway bonds, .
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$2 3 2 ,6 5 9
7 ,3 6 0
6 7 ,5 5 0
16,200
55 ,3 6 8
1,718
93,7 1 5
25 ,2 9 5
4 ,0 1 5

32
00
83
00
75
00
00
00
36

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Suspense account,

$5 0 6 ,1 2 4 71
2 6,617 56
8 ,3 0 0 69
9 00 00

10,000 00
2 8 ,0 0 4 20
56 50
$ 5 4 1 ,9 4 2 96

C a sh o n D e p o sit i n B a n k s : — National Grand Bank, Marblehead,

.

.

$5 4 1 ,9 4 2 96

.

.

.

.

$28,0 0 4 2 0 *

* This am ount, in excess of the legal limit, has since been reduced.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds,
County of Aroostook, Me., 44s,
City of Boston, Mass., 4s,
.
Brockton, Mass., 34s, .
Hartford, Conn., 3s,
Indianapolis, Ind., 34s,
Indianapolis, Ind., 4s,
Lawrence, Mass., 4s, .
Milwaukee, W is., 4s, .
Newport, R . I., 34s,
.
Newton, Mass., 34s,
.
New ton, Mass., 4s,
.
Newburyport, Mass., 34s,
Pittsfield, Mass., 34s, .
Portsmouth, N . H ., 4s,
Taunton, Mass., 4s,
Town of Ipswich, Mass., 4s,
Marblehead, Mass., 4s,
Revere, Mass., 34s, .
Stoneham, Mass., 34s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3 0,000

$10,3 5 0
9 ,1 3 5
9 ,6 0 0
4 ,9 0 0
11,925
10,300
30 ,0 0 0

00
00
00
00
00
00
00

2 0 ,0 0 0

2 0 ,0 0 0

00

14,000
7,000
17,000
1 2 ,0 0 0

13,720
6,755
17,340
9 ,925
11,790

1 0 ,0 0 0

1 0 ,0 0 0

1 2 ,0 0 0

3 ,000
18,500
1 2 ,0 0 0

1 2 ,0 0 0

$ 1 0 ,0 0 0

.
.

.
.

.
.

9,000
1 0 ,0 0 0

5,000
1 2 ,0 0 0

.

.

.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.

.

.

1 0 ,0 0 0

1 0 ,0 0 0

.

.

.

$ 1 0 ,0 0 0

00

9 ,450
10,212
4 ,956
12,030

00
50
25
00

1 0 ,0 0 0

00

00
00
00
00
00

30,8 0 0
20,2 5 0
14,210
7,122
17,935
10,062
12,144

00
00
00
50
00
50
60

00

1 0 ,0 0 0

00

12,480 00
3 ,120 00
18,642 50

13,035
3 ,3 0 0
19,003
12,076
6,071

00
00
16
56
25

00

6 ,0 0 0

5 ,880 00

$227,500

$227,862 50

$232,659 32

No. 8 .]

BANK COMMISSIONER.

237

Marblehead Savings Bank— Concluded.
Estimated
Market Value. | Book Value.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Bank Stocks.
25 shares Continental National Bank, Boston,

.
20 shares M t. Vernon National Bank, Boston,
54 shares Marblehead N a t’l Bank, Marblehead, .
38 shares National Grand Bank, Marblehead,

$125
1,000
1,350
4 ,3 7 0

00
00
00
00

$1 ,4 0 0 00
2 ,1 6 0 00
3^800 00

$11,2 0 0

$ 6 ,845 00

$ 7 ,360 00

$10,000
5,000
11,000
8 ,000
5 ,000
10,000
5,000
3 ,000
5,000
5,000

$9 ,9 5 0
4 ,6 0 0
11,137
7,360
5 ,012
10,250
5,025
2 ,790
5 ,0 5 0
5 ,4 0 0

82 ,0 0 0
5 ,4 0 0
3,800

Railroad Bonds.
Boston & Lowell R .R . 4s,
Chicago, Burlington & Quincy R .R . 34s, .
Fitchburg R .R . 5s,
.
.
.
Illinois Central R .R . 34s,
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 44s,
.
.
.
.
New York, New H aven & H artford R .R . 4s,
Sioux City & Pacific R .R . 34s,
U pper Coos R .R . 4s,
U pper Coos R .R . 44s,
.
.
.
.
.

00
00
50
00
50
00
00
00
00
00

$10,0 0 0
4 ,8 5 0
11,000
7 ,038
5 ,550
10,000
5 ,187
2*925
5 ,000
6 ,0 0 0

00
00
00
33
00
00
50
00
00
00

$67,0 0 0

$66,5 7 5 00

$67,5 5 0 83

$15,000

$ 1 5 ,4 5 0 00

$16,2 0 0 0 0 *

Street Railway Bonds.
N aum keag Street R ailw ay Company 5s,

.

* A legal investment when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$28,0 0 4 20
10,075 00
15,293 75

Rate.

Amount.

2 per cent.
3 4 per cent.
4 per cent.

Rate.

$26,6 0 0 00
10,000 00
82 ,3 5 8 00

R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.
D e p o s it A c counts : —
T otal number Oct. 31, 1

9

or

0

Amount.

4 4 per cent.
4 f per cent.
5 per cent.

O t h e r w is e : —
.
.
.
.
.
.
.
.
6

,

.

.

.

$ 1,100 00
30,6 7 0 00

.
.
.

.

G ross I n c o m e

r e c e iv e d
fo r

Y

ear,

.

( e x c l u s iv e

of

d u r in g

ear

A m ount paid during year,
Percentage to total assets,
D ate

of

Y

.
.

E x a m in a t io n , A pril 24.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Salaries.
$799 96
. 00147

.

54 per cent.
6 per cent.

$ 4,015 36
9 ,1 0 0 00
.

S t a t ist ic s of L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
A m ount of same,
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate.

T o ta l E x p e n s e s

Rate.

.

2 ,005
.

95
58 ,2 2 8 00
69

.

24 ,1 5 0 63

T axes) : —
Other Expenses.
$417 03
. 00077

Total.
$1 ,2 1 6 99
. 00224

238

REPORT OF THE

[Pub. Doc

MARLBOROUGH SAVINGS BANK — MARLBOROUGH.
W

il l ia m

D . B u r d e t t , President.
C h a r l e s F . H o l y o k e , Treasurer .
C h a r l e s F . H o l y o k e , Clerk of the Corporation.

Investment Committee: W

il l ia m D . B u r d e t t , W a l t e r B . M o r s e ,
L o u is P . H o w e , W a l t e r P. F r y e .

B e n j a m in F . G r e e l e y ,

Incorporated April 3, 1860.
Open for business every business day except Saturdays,
9 a . m . to 3 p . m . ; Saturdays, 9 a .m . to 12.30 p . m .
Deposits commence to draw interest the third W ednesday of January, April, July and
October. Dividends are payable the third W ednesd ay of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loan on public funds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
T a x e s paid on m ortgaged proper­
ties,
.
.
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$4 0 7 ,0 0 0
8 1 ,2 2 0
588,5 8 7
25 .0 0 0
76,0 7 5
25 .0 0 0
18.000
51.0 0 0
8 4 1 ,3 8 2
123,015
79,0 6 6
4 7 .0 0 0
6,261

00
00
50
00
00
00
00
00
00
00
52
00
39

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

$ 2 ,2 4 2 ,7 9 8 84
117,394 19
45,00.1 69
2 2 ,0 0 2 20

1,354 74
5 1 ,4 6 8 95
5 ,7 6 5 82
$ 2 ,4 2 7 ,1 9 6 92

$2,4 2 7 ,1 9 6 92

C a sh o n D e p o sit in B a n k s , A m o u n t i n E a c h : —
First National Bank, Marlborough,
Peoples National Bank, Marlborough,

$ 2 6 ,2 4 2 38
25 ,2 2 6 57

L o a n o n P u b l ic F u n d s : —
$25,0 0 0 City of Hartford, Conn., 3^-s,

$ 2 5 ,0 0 0 00

L o a n o n B a n k St o c k s : —
151 shares Peoples National Bank, Marlborough,
34 shares First National Bank, Marlborough,

Par Value.

Schedule of Securities Owned.

; ]

Estimated
Market Value.

$18,0 0 0 00

Book Value.

Public Funds.
City of Boston, Mass., 4s,
Brockton, Mass., 4s,
Cambridge, Mass., 4s,
Chicago, 111., 4s,
Chicopee, Mass., 4s,
D ayton, O., 5s, .
Fitchburg, Mass., 4s,
H olyoke, Mass., 4s,
Kansas City, M o., 4s,
Keene, N . H ., 4s,
Lawrence, Mass., 4s,
Lewiston, Me., 5s,
Malden, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.

.

.

.

$25,000
15,000
5,000
2 0 ,000
15,000
10,000
2 0,000
15,000
3 5,000
5,000
20,000
7,000
10,000

$25,6 0 0
15,525
5 ,187
2 0,175
15,332
10,850
2 0,650
15,262
3 6,050
5 ,000
2 0,550
7 ,770
10,175

00
00
50
00
50
00
00
50
00
00
00
00
00

$ 2 5 ,0 0 0
15,000
5 ,0 0 0
20 ,0 0 0
15,000
10,000
20 ,0 0 0
15,000
35,0 0 0
5 ,0 0 0
20 ,0 0 0
7 ,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00

239

BANK COMMISSIONER

No. 8.]

Marlborough Savings Bank — Continued.
Par Value.

Schedule op Securities Owned .

Public Funds — Concluded.
City of Marlborough, Mass., 4s,
Medford, Mass., 4s,
Melrose, M ass., 4s,
.
.
.
.
N ew ton, Mass., 4s,
.
.
.
.
New Bedford, Mass., 4s,
Pawtucket, it . I., 4s, .
.
.
.
W aterbury, Conn., 4s,
W orcester, M ass., 4s, .
.
.
.
Tow n of Arlington, Mass., 4s,
A thol, Mass., 4s,
.
.
.
.
Attleborough, M ass., 4s,
.
Brunswick and Topsham , Me. (W a ter
District), 4s, .
Clinton, Mass., 4s,
.
.
.
.
Great Barrington, M ass., 4s,
Leominster, Mass., 4s,
M ilton, Mass., 3-Js,
.
.
.
.
Peabody, Mass., 4s, .
W akefield, Mass., 4s,
.
.
.
W ellesley, M ass., 4s, .
.
.
.
W eym o u th , Mass., 4s,
W inchester, Mass., 4s,

Estimated
Market Value.

Book Value.

$20,000
5 ,000
10,000
18,000
10,000
3 ,000
5 ,000
5 ,000
17,000
5 ,000
10,000

$20,3 0 0
5 ,100
10,350
18,560
10,450
3 ,000
5,137
5 ,162
17,577
5 ,175
10,200

00
00
00
00
00
00
50
50
50
00
00

$ 2 0 ,0 0 0
5 ,0 0 0
10,000
18,000
10,000
3 ,0 0 0
5 ,0 0 0
5 ,000
17,000
5 ,0 0 0
10,000

10,000
9 ,000
5,000
15,000
5,000
15,000
10,000
5,000
8 ,000
15,000

10,250
9 ,125
5,175
15,562
4 ,900
15,487
10,080
5,000
8 ,210
15,087

00
00
00
50
00
50
00
00
00
50

10,000
9 ,0 0 0
5 ,0 0 0
15,000
5 ,000
15,000
10,000
5 ,0 0 0
8 ,0 0 0
15,000

$407,000

$418,017 50

00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 4 0 7,000 00

B ank Stocks.
12
94
45
70
46
12
5
50
15
50
125
25
8
60
52
50
15
97
100
14
8

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

B ovlston National Bank, Boston,
Continental National Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil H all National Bank, Boston,
First National Bank, Boston, .
Fourth National Bank, Boston,
Mechanics National Bank, Boston, .
Merchants National Bank, Boston, .
National Bank of Commerce, Boston,
N a t’l Bank of the Republic, Boston, .
N a t’l Shawmut Bank, Boston,
National Union Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Tremont National Bank, Boston,
W ebster and Atlas N a t’l B ’k, Boston,
First National Bank, Clinton, .
Jb'irst National Bank, Marlborough, .
Peoples National Bank, Marlborough,
New ton National Bank, Newton,
City National Bank, W orcester,

$ 1,200
-

4 ,5 0 0
7 ,000
4 ,600
1,200
_

5 ,000
1,500
5,000
12,500
2,500
800
6 ,000
1,820
5,000
1,500
9 ,7 0 0
10,000
1,400
$ 8 1 ,2 2 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1 ,2 0 0 00

$142,120 00

$81,220 00

$ 1 ,200
470
9 ,0 0 0
10,150
13,570
1,764
75
10,500
2,400
8 ,250
34,125
4 ,5 0 0
1,784
8 ,940
52
7,400
1,875
12,125
12,600
1,260
80

—

4 ,5 0 0
7 ,000
4 ,6 0 0
1,200

_

5 ,000
1,500
5 ,0 0 0
12,500
2 ,5 0 0
800
6 ,0 0 0
1,820
5 ,000
1,500
9 ,7 0 0
10,000
1,400

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

-

Railroad Bonds.
Beech Creek R .R . 4s,
Boston & A lb an y R .R . 3^s,
.
.
.
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3-J-s,
.
.
.
Boston & Maine R .R . 4s,
Boston & New Y o rk A ir Line R .R . 4s,
Boston & Providence R .R . 4s , .
.
.
Chicago, Burlington & Q uincy R .R . 34s,
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 34s,
Fitchburg R .R . 4s,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

.
.

.

$20,000
2 0,000
2 0,000
15,000
15,000
15,000
40 ,0 0 0
5 ,000
5 0,000
10,000
10,000
10,000
2 0,000

* A legal investm ent when made.

$20,400
18,900
2 0,200
15,000
14,400
15,450
4 1,200
5,075
46 ,2 5 0
10,250
10,150
9 ,550
2 0,250

00
00
00
00
00
00
00
00
00
00
00
00
00

$20,0 0 0
20 ,0 0 0
20 ,0 0 0
15,000
15,000
15,000
40,0 0 0
5 ,0 0 0
48,9 5 0
10,000
10,000
10,000
20 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00

[Pub. Doc

REPORT OF THE

240

Marlborough Savings Bank — Continued.
Par Value.

Schedule of Securities O wned.

Railroad Bonds — Concluded.
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 3Js,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 44 s,
.
.
.
.
N ew Y ork , New H a ven & H artford R .R . 3 Is, .
N ew Y ork, New H a ven & H artford R .R . 4s,
Northern Illinois R .R . 5s,
.
.
.
Old Colony R .R . 3^s,
.
.
.
.
.
Old Colony R .R . 4s,
.
.
.
.
.
Penobscot Shore Line R .R . 4s,
Peoria & Northwestern R .R . 3-J-s,
Pittsburgh, Virginia & Charleston R .R . 4s,
Providence & W orcester R .R . 4s,
U pper Coos R .R . 4^s,
.
.
.
.
.
W ashington County R .R . 3^s,
W orcester, Nashua & Rochester R .R . 4s, .

$10,0 0 0
3 5 ,0 0 0
3 0 ,0 0 0
10,000
5 ,000
2 0,000
6 0,000
2 ,000
10,000
45 ,0 0 0
5 ,000
25 ,0 0 0
30 ,0 0 0
2 0,000
15,000
10,000
10,000

Estimated
Market Value.

$7 ,9 0 0
3 2 ,2 0 0
30,7 5 0
10,025
5 ,1 5 0
18,300
61,1 7 5
2 ,0 6 0
9 ,5 5 0
4 6 ,7 2 5
5 ,0 5 0
23,5 0 0
3 0 ,9 0 0
20,6 0 0
16,050
9 ,0 0 0
10,250

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Book Value.

$8 ,8 5 0
3 5 ,0 0 0
3 0 ,0 0 0
10,000
5 ,0 0 0
20 ,0 0 0
60 ,0 0 0
2 ,0 0 0
1 0 ,000
4 5 ,0 0 0
5 ,0 0 0
24 ,3 7 5
3 0 ,0 0 0
20 ,0 0 0
1 5 ,000
9 ,4 1 2
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00

$5 9 2 ,0 0 0

$586,2 6 0 00

$588,5 8 7 50

$ 2 5 ,0 0 0

$25,5 6 2 50

$ 2 5 ,0 0 0 00

$75,0 0 0

$78,0 0 0 00

$76,0 7 5 00

Street Railway Bonds.
Boston Elevated R ailw ay Com pany 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Company 3^s,

Total Am ount of Loans at Specified Rates of Interest.
Amount.

$51,4 6 8
15,000
2 01,500
7 ,000

95
00
00
00

2
3-j
4
4J

per
per
per
per

Rate.

Amount.

Rate.

4% per cent.

$312,607 00
5 ,0 0 0 00

6 per cent.
6J- per cent.

Amount

Rate.

cent.
cent.
cent.
cent.

$ 1 3 9,200
313,7 9 0
4 3 ,0 0 0
2 1 ,3 0 0

00
00
00
00

5 per cent.
5^ per cent.
5 4 per cent.

R e a l E sta t e f o b B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
.
Estim ated value,
.
.
.
.
.
Assessed value, .
.

$47,000 00
47 ,0 0 0 00
41 ,0 6 5 00

.
.

R e a l E s t a t e b y F o r e c lo su r e o r O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n ts : —
Num ber opened during year,
.
.
Num ber closed during year,
.
.
Total number Oct. 31, 1 9 0 6 , .

.

79 ,0 6 6 52
97 ,3 9 0 00
45 0 52
7,236

.

.

4 0 5 ,4 4 2 17

.
4 ,276

.
.
.
.

383,201 87

.
.
.
.

.

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

1,174
553
7,755
403
439,6 3 7 00
432
98,341 18

BANK COMMISSIONER.

No. 8.]

241

Marlborough Savings Bank — Concluded.
T otal E x p e n se s

Y

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $4,782 42
$1,459 61
Percentage to total assets, .
.0 0 1 9 7
.0 0 0 6 0
fo r

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
D ate

of

E x a m in a t io n , M a y 22

and

.
.

Total.
$6 ,2 4 2 03
.0 0 2 5 7

.
.

$36,2 0 7 34
3 7 ,0 6 4 33

$73,271 67

23.

MECHANICS’ SAVINGS BANK — HOLYOKE.
L e m u e l S e a r s , President.
C h a r l e s B . P r e s c o t t , Treasurer.
E d w a r d W . C h a p in , Clerk of the Corporation.

Investment C om m ittee :

L e m u e l Sears, H e n r y E . G aylor d ,
H e n r y G. S e a r s , G eo r g e H . S m it h .

H ubbell

P.

T erry,

Incorporated March 16, 1872. Open for business every business day except Saturdays,
9 a . m . to 4 p . m .; Saturdays, 9 a . m . to 12 m . ; also Thursdays, 7 to 8 p . m .
Deposits commence to draw interest the first day of February, M ay, August and
Novem ber. Dividends are payable after the third M onday of M ay and Novem ber.

B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities,

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors' books,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc., .
Stocks, bonds, etc., taken to secure indebtedness, .
Expense account,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$20,000
98,9 0 7
2 0,000
5,000
26,050
133,289
25
1,345,136
4 14,396
15,436

00
00
00
00
00
50
00
50
34
58

6,000
4 ,043
500
79,021
8,306

00
25
00
95
91

Deposits,
G uaranty fund,
Profit and loss account,
Interest account, .
Suspense account,

$ 2 ,1 76,113 03

C a sh o n D ep o sit in B a n k s , A m o u n t i n E a c h : —
City National Bank, H olyoke,
.
.
.
.
.
H adley Falls National Bank, H olyoke, .
.
.,
H olyoke National Bank, H olyoke,
.
.
.
.
Pynchon National Bank, Springfield (in liquidation),
L oans
20
63
3
5
23
10
5
25

6 7,275 62
5 0 ,090 25
277 59

$2,176,113 03

.

.
.

o n B a n k St o c k s , A m o u n t o n E a c h : —
shares City National Bank, Holyoke,
.
.
.
.
shares Produce National Bank, South Deerfield,.
shares First National Bank, Northam pton,
shares H om e National Bank, Holyoke,
.
.
.
.
shares Park National Bank, H olyoke,
.
.
.
.
shares City National Bank, H olyoke,
.
.
.
.
shares H om e National Bank, Holyoke,
.
.
.
.
shares Springfield Safe Deposit and Trust Company, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1 ,9 87,369 57
71,100 00

$48,901
10,000
20,000
120

83
00
00
12

$ 1,850 00
5,000 00
500 00
2,000
900
400
2,500

00
00
00
00

REPORT OF THE

242

[Pub. Doc.

Mechanics’ Savings Bank, Holyoke — Continued.
10
15
47
25
44

shares H om e National Bank, H olyoke,
shares City National Bank, H olyoke,
shares City National Bank, H olyoke,
shares Springfield Safe Deposit and Trust
shares City National Bank, H olyoke,

.
.

.
.
.
. 1
.
.
.
. J
.
.
.
.
.
Company, Springfield, .
.
.
.
.
.

Estimated
Market Value.

Par Value.

Schedule of Securities Owned .

$ 2 ,400 00
4 .0 0 0 00
2 ,500 00
4 .0 0 0 00

Book Value.

Public Funds.
$7,000
13,000

$ 7,000 00
13,000 00

$ 7,000 00
13,000 00

$ 2 0 ,0 0 0

$20,0 0 0 00

$20,0 0 0 00

C ity of L ynn, Mass., 3Js,
Springfield, M ass., 3-Js,

B ank Stocks.
11
393
269
3
50
20
50

$ 1,100
39,300
2 6 ,9 0 0
300
5,000

shares First National Bank, B oston, .
shares City National Bank, H olyoke,
shares H a dley Falls N a t’l Bank, H olyoke,
shares H olyoke National Bank, H olyoke,
shares H om e National Bank, H olyoke,
shares First National Bank, Springfield,
shares Third National Bank, Springfield,

-

5 ,000

$ 3 ,245
45,981
37,391
525
6,000
500
10,000

00
00
00
00
00
00
00

$630
44 ,1 0 4
39 ,2 4 4
348
5,500
580
8 ,500

50
00
50
00
00
00
00

$ 7 7 ,6 0 0

$ 1 0 3,642 00

$98,907 00

$20,0 0 0

$20,1 0 0 00

$20,0 0 0 00

$ 5 ,000

$ 5,000 00

$ 5 ,000 00

Railroad Bonds.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,

Street Railw ay Bonds.
j

B oston Consolidated Street R ailw ay Co. 5s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 15,000
48,901
15 .0 0 0
10.000

Amount.

Rate.

00
83
00
00

3 per cent.
3 4 per cent.
4 per cent.
4 .2 7 per ct.

$25,000 00
803,831 00
2 5,000 00

Rate.

Amount.

Rate.

4 A per ct.
per cent.
4 f per cent.

$ 1 ,0 37,591 34
5 ,000 00
1 2,595 12

5 per cent.
5-J per cent.
6 per cent.

R e a l E s t a t e b y F o r e c l o su e e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A c counts : —
Num ber opened during year,
Num ber closed during year,
Total number Oct. 31, 1 9 0

.
.
6

,

.
.
.

.

.

.
.

.

.

$15,4 3 6 58
13,300 00
682 63
6 ,978
4 4 0 ,5 1 5 49
3 ,9 3 2

.
.
.

4 1 1 ,8 4 6 40

.
.
.

.

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $3,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d d u r in g


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Y

ear,

828
320
4,701
313
4 3 1 ,2 9 8 50
422
9 7 ,849 18

BANK COMMISSIONER

No. 8.]

243

Mechanics’ Savings Bank, H olyoke— Concluded.
T o ta l E x p e n s e s

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
$ 5,800 00
$1 ,2 0 6 22
Percentage to total assets,
.0 0 2 6 6
.0 0 0 5 5
fo r

Y

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, I f per cent.,
.
M ay, 1906, I f per cent.,
.
.
D ate

of

.

.

.

.
.

.

Total.
$7 ,0 0 6 22
.0 0 3 2 1
$ 30,999 68
3 1 ,992 35

$62,9 9 2 03

E x a m in a t io n , A u g u s t 10.

MECHANICS’ SAVINGS BANK — LOW ELL.
C h a r l e s L . H il d r e t h , President.
C h a r l e s C. H u t c h in s o n , Treasurer.
C h a r l e s C. H u t c h in s o n , Clerk of the Corporation.

Investment Committee:

Ja c o b R og er s , C l a r e n c e H . N e l s o n , W
H a v e n C. P e r h a m , C h a r l e s C. H u t c h in s o n .

Incorporated March 1, 1861.

alter

Open for business every business day, 9
Saturdays, 7 to 9 p . m .

a .m .

L. Parker,
to 1 p .m .; also

Deposits commence to draw interest the first Saturday of March, June, Septem ber and
December. Dividends are payable M onday following the first Saturday of June and
December.
B a l a n c e S h e e t , O ct . 31, 1906.
Liabilities .

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
R eal estate in possession, .
Bank building and fixtures,
Expense account,
City ta x account,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$5 3 4 ,0 0 0
20 ,4 0 0
4 6 6 ,2 5 0
175,000
1 ,139,830
7 3 6 ,7 2 5
14,958
2,739
7 3,000
3 ,3 6 6
1,198
3 ,358
31 ,7 1 8
5,867

.

$ 3 ,0 0 3 ,8 0 5
155,000
18,983
8 ,897
2 1 ,725

Deposits,
G uaranty fund, .
Interest account, .
R ent account,
Premium account,

00
00
00
00
00
00
42
58
00
45
60
90
09
44

$3,2 0 8 ,4 1 2 48

$3,2 0 8 ,4 1 2 48

C a sh o n D e p o sit in B a n k s , A m o u n t
State National Bank, Boston,
.
Union National Bank, Lowell,
.

in

.
.

E ach : —
.
.
.
.

.
.

Par Value.

Schedule op Securities Owned.

79
00
24
91
54

.
.

.
.

$2,397 81
29,3 2 0 28

Estimated
Market Value.

Book Value.

Public Funds.
City of Allegheny, Pa., 3 fs,
.
Boston, Mass., 3^s,
.
Boston, Mass., 4s,
.
Cambridge, Mass., 3^s,
Chicago, 111., 4s,
.
Concord, N . H ., 4s,
.
Lowell, Mass., 4s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.

.

.

.
.
.
.

.

$40,000
50,000
30,000
75,000
70,000
10,000
16,000

$38,8 0 0
48 ,0 0 0
3 0 ,300
7 1 ,625
70 ,5 2 5
10,200
16,440

00
00
00
00
00
00
00

$40,0 0 0
5 0 ,000
3 0 ,000
75 ,0 0 0
7 0 ,000
10,000
16,000

00
00
00
00
00
00
00

[Pub. Doc

REPOET OF THE

244

Mechanics’ Savings Bank, Lowell — Continued.
Par Value.

Schedule of Secubities Owned .

Public Funds — Concluded.
City of Lynn, Mass., 4s,
,
Marlborough, Mass., 4s,
Newton, Mass., 4s,
Peoria, 111., 4s,
Pittsburg, Pa., 4s,
Providence, R . I., 4s, .
W alth am , Mass., 4s,
W aterbury, Conn., 4s,
T ow n of Arlington, Mass., 4s,
Peabody, Mass., 3^s,
Peabody, Mass., 4s, .
W akefield, Mass., 4s,

$10,000
2 0,000
10,000
2 0,000
2 1,000
2 0,000
10,000
25,000
20,000
20,000
36,000
3 1 ,000

Estimated
Market Value.

Book Value.

$10,037
2 0,375
10,075
20,400
21,210
20,600
10,050
25,437
20,150
19,400
36,270
3 1,930

$10,000
2 0 ,000
10,000
20,000
21,000
20,000
10,000
2 5,000
20,000
20,000
36,000
31,000

50
00
00
00
00
00
00
50
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00

$534,000

$531,825 00

$534,000 00

$1,000
10,500
3 ,900

$500 00
14,700 00
6,240 00

$1,000 00
15,500 00
3,900 00

$15,400

$21,440 00

$25,000
50,000
5 0,000
3 5,000
25,000
2 5 ,000
25,000
25,000
2 5,000
25,000
5 0,000
8 0,000
30,0 0 0

$23,125
5 1,250
5 0,750
35,256
19,500
25,375
25,000
25,625
25,625
23,500
46,000
81,462
30 ,7 5 0

o
o

10 shares M t. Vernon National Bank, Boston,
105 shares New England National B ’k, Boston,
39 shares Union National Bank, Lowell,

to
p

Bank Stocks.

00

$25,000
50,000
50,000
35,000
22,500
25,000
25,000
25,000
25,000
23,750
50,000
8 0,000
3 0,000

00
00
00
00
00
00
00
00
00
00
00
00
00

Railroad Bonds.
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Quincy R .R .
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
Illinois Central R .R . 3s,
.
.
Illinois Central R lR . 4s,
.
.
Maine Central R .R . 4s, .
.
.
Maine Central R .R . 4^s,
N ew England R .R . 4s, .
.
.
N ew Y o rk Central & H udson R iver
N ew Y ork, New H a ven & H artford
N ew Y ork, New H aven & H artford
Old Colony R .R . 4s,
.
.
.

3^s,
4s,

.

.
.
.
.
.
R .R . 3-jS,
R .R . 3-|s,
R .R . 4s,

00
00
00
00
00
00
00
00
00
00
00
50
00

$470,000

$463,218 50

$466,250 00

$150,0 0 0
2 5 ,000

$153,475 00
2 5,750 00

$150,000 00
25,000 00

$ 1 7 5,000

$179,225 00

$175,000 00

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
W e st E nd Street R ailw ay Company 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$31,7 1 8 09
86 ,7 2 5 00
32 ,0 0 0 00

Rate.

Amount.

Rate.

per cent.
per cent.
4\ per cent.

$ 4 4 1,925 00
200,0 0 0 00
1 ,0 0 2 ,2 5 5 00

4\ per cent.

2
4

R e a l E s t a t e f o r B a n k in g P u rp o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value,
.
.
.
.
N et income during year,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4 f per cent.
5 per cent.

Amount.

$ 75,000 00
3 8 ,6 5 0 00

Rate.

5 f per cent.
6 per cent»

$73,0 0 0
7 8.000
61.0 0 0
691

00
00
00
84

No. 8.]

BANK COMMISSIONER.

245

Mechanics’ Sayings Bank, Lowell — Concluded.
R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.

.
.

.
.

.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

3,546
306,821 78
' 3 ,9 8 4
3 8 1 ,2 3 6 14

D e p o s it A c counts : —
N um ber opened during year,
Num ber closed during year,
Total number O ct, 31, 1 9 0 6 ,.

485
505
5,429

S ta t ist ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I nco m e

r e c e iv e d

T otal E x p e n se s

d u r in g

Y

4 7 0 ,3 4 4 58
500
138,382 50

for

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
June, 1906, I f per cent.,
of

410

ear,

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $7,866 66
$751 17
Percentage to total assets, .
. 00245
.0 0 0 2 3

D ate

$17,698 00
2 3 ,250 00

.

Total.
$8,617 83
.0 0 2 6 8
$ 50,698 57
51,641 34

102,339 91

E x a m in a t io n , A u g u st 27.

MECHANICS’ SAVINGS BANK — READING.
E d w a r d H . P a l m e r , President.
L e w is M . B a n c r o f t , Treasurer.
E d g a r N . H u n t , Clerk of the Corporation.

Investment Comm ittee: E d w a r d H . P a l m e r , E d w a r d F . P a r k e r , M o ses E . N ic h o l s .
Incorporated March 20, 1891. Open for business every business day except Saturdays,
8 .3 0 to 11 a . m .; 2.3 0 to 4 p . m .; Saturdays, 8.3 0 a . m . to 12 m .
Deposits commence to draw interest the first Saturday of March, June, September and
December. Dividends are payable the second Saturday of June and December.
B a l a n c e S h e e t , O ct . 31, 1906.

A

ss e t s

.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Furniture and fixtures,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

L

$19,964
2 ,100
7 1,766
5 1,850
127,245
24 ,8 8 8
500
5 ,333
1,780

00
00
88
00
00
20
00
85
79

$3 0 5 ,4 2 8 72

C a sh o n D e p o sit in B a n k : —
First National Bank, Reading,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ia b il it ie s

Deposits,
. '
Guaranty fund,
Profit and loss ac­
count,
Due on mortgage
loans,

.

$ 2 8 9,704 98
4 ,8 2 7 43
9 ,4 0 7 66
1,488 65

$ 3 0 5,428 72

$5,333 85

[Pub. Doc

REPORT OF THE

246

Mechanics’ Savings Bank, Reading — Concluded.
Estimated
Market Value.

Par Value.

Schedule or Securities Owned .

Book Value.

P ublic Funds.
$6,000
13,000

$ 6,150 00
13,555 00

$6 ,2 6 4 00
13,700 00

$19,000

$ 19,705 00

$19,9 6 4 00

$ 2,100

$1,680 00

$2 ,1 0 0 00

Tow n of Dracut, Mass. (W a te r District), 4s,
Reading, Mass., 4s, .

Bank Stocks.
21 shares First National Bank, Reading, .

Railroad Bonds.
Bangor & Aroostook R .R . 5s,
.
.
.
Chicago, Burlington & Quincy R .R . 3-)s, .
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s,
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4^s,
.
.
.
.
N ew Y ork, New H aven & H artford R .R . 4s,
Penobscot Shore Line R .R . 4s,
Peoria & Northwestern R .R . 3Js,
Sioux City & Pacific R .R . 3-^s,
U pper Coos R .R . 4s,
.
.
.
.
.

$ 13,000
12,000
5,000
10,000
2 ,000
1,000
15,000
1,000
5,000
5,000
1,000

$15,340
11,100
5,060
8,100
2,010
1,030
15,637
1,030
4,750
4 ,750
1,010

00
00
00
00
00
00
50
00
00
00
00

$70,000

$69,817 50

$15,482
11,597
5 ,0 0 0
9 ,050
2 ,000
1,000
16,050
1,000
4,871
4 ,7 1 5
1,000

50
50
00
00
00
00
00
00
88
00
00

$71,7 6 6 88

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$5 ,3 3 3 85
4 ,7 5 0 00
5 ,300 00

Rate.

Amount.

2 per cent.
3 £ per cent.
4 per cent.

Rate.

$35,0 0 0 00
8 ,0 0 0 00
120,975 00

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
. . .
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct 31, 1906,

Amount.

4 f per cent.
4% per cent.
5 per cent.

.

.

$500 00
29 ,4 5 8 20

.

.

1,937

.
.

.
.

1,310
.

G ross I n c o m e

r e c e iv e d

.

.
.
.

.
.

.

.

.

.
.

.

.

.

.

.

.

Y

d u r in g

Y ear,

.

.

.

.

.

of

E x a m in a t io n , J u l y 18.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

127,183 20

.

.

89
.

.

1 2 ,692 96

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
June, 1906, I f per cent.,
.
.
D ate

116
.

.

79 ,5 0 5 11

321
176
1,445

.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
.
$373 44
$405 42
Percentage to total assets, .
.0 0 1 2 2
.0 0 1 3 3
for

5J per cent.
6 per cent.

$ 93,069 62
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T otal E x p e n se s

Rate.

.
.

.
.

.
.

Total.
$778 86
.0 0 2 5 5
$4 ,3 1 0 68
4 ,5 2 6 79

8 ,837 47

No. 8.]

BANK COMMISSIONER.

247

MEDFORD SAVINGS BANK — MEDFORD.
D a n ie l A . G l e a s o n , President.
J. G il m a n W

C h a r l e s B . B u ss , Treasurer.
a it e ,

Clerk of the Corporation.

Investment Committee: D a n ie l A . G l e a s o n , F r a n k E . Ch a n d l e r , E d w a r d S. R a n d a l l ,
E d w a r d F . A l l e n , Ch a r l e s H . P a r k e r .
Incorporated Feb. 26, 1869.
6

Open for business every business day, 8 to 11
also Saturdays, 7 to 9 p .m .

a .m . ;

3 to

p . m .;

Deposits commence to draw interest the first Saturday of February, M ay, August and
Novem ber. Dividends are payable second Saturday of M ay and Novem ber.

B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
B ank building and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$1 1 7 ,0 0 0
7 9,150
584,2 5 9
125,681
1,069 ,7 5 7
566,2 5 0
24,093
20 ,0 0 0
26 ,7 0 5
4 ,1 6 6

.

00
00
00
00
44
00
17
00
24
31

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

17,340 93
5 3,794 89

$ 2 ,6 1 7 ,0 6 2 16

$ 2 ,6 1 7 ,0 6 2 16

C a sh o n D e p o sit i n B a n k s , A m o u n t in E a c h : —National Bank of Commerce, Boston,
National Exchange Bank, Boston,
Medford National Bank, Medford,

Par Value.

Schedule of Securities Owned.

$ 2 ,4 4 6 ,9 2 6 34
99 ,0 0 0 00

$16,292 96
9 ,245 14
1,167 14

Estimated
Market Value.

Book Value.

P ublic Funds.
Massachusetts 3- Js, .
.
.
City of Beverly, Mass., 4s,
Fall River, Mass., 6s,
Providence, R . I., 4s,
Medford, Mass., 4s,
Youngstow n, O., 5s,
Tow n of Arlington, Mass., 4s,
W ellesley, Mass., 4s,

.
.
.
.

.
.

.
.

.
.

.
.

.
.

.
.

.

.

.

.

$30,000
15,000
3 ,000
2 5,000
2 0,000
8 ,000
5,000
15,000
$121,000

$30,0 0 0
15,300
3 ,000
25,750
2 0,400
8,110
5,075
15,262

00
00
00
00
00
00
00
50

$122,897 50

$26,0 0 0
15,000
3 ,000
25 ,0 0 0
20 ,0 0 0
8 ,0 0 0
5 ,000
15,000

00
00
00
00
00
00
00
00

$117,0 0 0 00

Bank Stocks.
10
50
80
100
55
70
75
80
75

shares
shares
shares
shares
shares
shares
shares
shares
shares

Commercial N a t’l Bank, Boston,
Fourth National Bank, Boston,
Merchants National Bank, Boston, .
National B ank of Commerce, Boston,
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
N ew England National Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000
5 ,000
8 ,000
10,000
5,500
7,000
7,500
8 ,000
7,500
$ 59,500

$ 1,380
7,350
16,800
16,000
8 ,800
19,110
10,500
17,840
11,175

00
00
00
00
00
00
00
00
00

$108,955 00

$1 ,0 0 0
6 ,0 0 0
12,800
11,400
5 ,5 0 0
10,500
9 ,7 5 0
13,200
9 ,0 0 0

00
00
00
00
00
00
00
00
00

$79,1 5 0 00

[Pub. Doc

REPORT OF THE

248

Medford Savings Bank — C ontin ued .
Par Value.

Schedule op Securities Owned .'

Estimated
Market Value.

Book Value.

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
Chicago, Burlington & Quincy R .R . 3£s, ■
Chicago & Northwestern R .R . 7s,
Cleveland & Pittsburgh R .R . 4^s,
Concord & Claremont R .R . 4|s,
Concord & Montreal R .R . 4s, .
.
.
.
Detroit & B a y City R .R . 5s, .
Fitchburg R .R . 4s,
»
Grand R iver V alley R .R . 6s, .
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 4s,
.
.
.
.
Kalam azoo, Allegan & Grand R apids R .R . 5s, .
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 4s, .
.
.
.
.
N ew Y ork, New H aven & H artford R .R . 4s,
Sioux City & Pacific R .R . 3^s,
T roy & Boston R .R . 7s,
.
.
.
.
W ashington County R .R . 3 ^ s ,.
W in o n a & St. Peters R .R . 7s, .

$20,000
5 0 ,000
3 5,000
33 ,0 0 0
2 5 ,000
2 5 ,000
30 ,0 0 0
2 5 ,000
2 5 ,000
30,000
10,000
15,000
53,000
13,000
100,000
16,000
2 5,000
15,000
2 0,000

$20,200
46 ,2 5 0
3 9,200
3 6,300
2 6,000
2 5,375
3 4,650
25,400
26 ,2 5 0
24,000
10,000
17,700
53,265
13,065
100,500
14,560
3 4 ,375
13,350
22 ,7 5 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 5 6 5,000

$583,190 00

$ 50,000
5 0,000
18,000

$51,500 00
5 5,000 00
19,080 00

$ 1 1 8,000

$ 1 2 5,580 00

$20,000
4 4 ,750
3 9 ,065
37,792
25,511
2 5,000
3 5,450
2 5,000
2 6,122
2 5,300
10,000
18,925
53,659
13,000
102,000
14,840
31,120
14,000
22,725

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$584,259 00

Street Railway Bonds.
B oston Elevated R ailw ay Com pany 4s,
L yn n & Boston Railroad Com pany 5s,
N aum keag Street R ailw ay Com pany 6s,

.

$52,3 7 5 00
54,906 0 0 *
18,400 0 0 *
$125,681 00

* Legal investments when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 26,705 24
107,809 ¿0
65,0 0 0 00

Amount.

Rate.

2

per cent.

4Jj per cent.

$1,236,419 53
25 ,0 0 0 00

Rate.

Amount.

Rate.

5 per cent.
5 i per cent.

$109,000 00
92 ,7 7 8 11

5J per cent.
6 per cent.

4 f per cent.

R e a l E st a t e for B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

:—
.
.
.

O t h e r w is e : —
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
.
.
Am ount of same,
N um ber of withdrawals during year,
Am ount of same,
.
.
.
.
D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 20,000 00
20 .4 5 0 00
20 .4 5 0 00

.
.
.

2 4 ,0 9 3 17
2 8 ,8 0 0 00
6 ,847
3 5 1 ,8 6 8 00

.
5 ,1 2 4

4 0 6 ,2 2 5 88

.
749
481
6 ,759

No. 8.]

BANK COMMISSIONER.

249

Medford Savings Bank — Concluded.
S t a t ist ic s of L o a n s : —
N um ber not exceeding $ 3,000 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n s e s

Y

d u r in g

Y ear,

.

.

.

455
$ 6 6 0 ,2 8 6 53
.
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $5 ,0 8 0 00
$743 62
Percentage to total assets, .
.0 0 1 9 4
.0 0 0 2 8
fo r

of

.

.

112,891 03

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, I f per cent.,
.
.
M ay, 1906, I f per cent.,
.
.
.
D ate

529

.
.

.
.

Total.
$5 ,8 2 3 62
.0 0 2 2 2
$ 4 0 ,5 2 7 52
40 ,7 4 7 59

8 1 ,2 7 5 11

E x a m in a t io n , M a y 21.

M ED W AY SAVINGS BANK — M EDW AY.
A r c h ib a l d P a r k , President.
W il l ia m H . U p t o n , Treasurer.
W il l ia m H . U p t o n , Clerk of the Corporation.
A . E. B u l l a r d , S a m u e l G. C l a r k , W il l a r d P. Cl a r k ,
F . C. C l a r k , A r c h ib a l d P a r k , W . L . P a l m e r .

Investment Committee:

Incorporated Feb. 20, 1871.

Open for business every business day, 9
2 to 5 p . m .

a .m .

to 12

m .;

Deposits commence to draw interest the first day of March, June, Septem ber and December.
Dividends are payable the first M onday of June and December.
B a l a n c e S h e e t , O ct . 31, 1906.
Assets.

L iabilities .

Public funds,
.
.
.
.
Railroad bonds , .
.
.
.
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 5 9 ,0 0 0
156,0 1 0
30 ,8 3 3
140,339
5 4 ,3 3 0
3 ,9 7 5
570

00
00
39
46
00
98
12

Deposits,
G uaranty fund,
Interest account, .

$ 4 4 5 ,0 5 8 95

Ca sh

on

D

e p o s it

in

B

an ks

, A

m ount

E

in

$ 4 4 5 ,0 5 8 95

ach

Eliot National Bank, Boston,
National Shawm ut Bank, B o sto n ,.

S chedule

of

$4 0 7 ,9 2 7 61
2 0 ,519 03
16,612 31

$614 11
3,361 87

Par Value.

Se c u r itie s O w n e d .

Estimated
Market Value.

Book Value.

P ublic F unds.
C ounty of Aroostook, M e., 4-)-s,
City of Belfast, M e., 4s, .
.
.
Boston, Mass., 4s,
.
.
Chicago, 111., 4s,
.
.
Grand Rapids, M ich., 4-jS,
Marlborough, Mass., 4s,
Melrose, Mass., 4s,
.
.
Milwaukee, W is., 5s, .
Minneapolis, Minn., 4-Js,
Springfield, O., 5s,
W alth am , Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

.

.
.
.

$5,000
5,000
6 ,0 0 0

5,000
3,000
2 ,0 0 0
1 ,0 0 0
2 ,0 0 0

7,000
3,000
5,000

$ 5,175
5 ,125
6,305
5 ,050
3 ,120

00
00
00
00
00

2 ,0 2 0
1 ,0 0 0

00
00

2 ,0 9 0
7 ,360
3 ,345
5 ,075

00
00
00
00

$5 ,0 0 0 00
5 ,000 00
6 ,0 0 0

00

5 ,000 00
3 ,000 00
2 ,0 0 0
1 ,0 0 0
2 ,0 0 0

00
00
00

7 ,000 00
3 ,0 0 0 00
5 ,000 00

REPORT OF THE

250

[Pub. Doc

Medway Savings Bank— Continued.
Schedule of Secubities O wned.

P ublic Funds — Concluded.
Tow n of Clinton, M ass., 4s,
North Attleborough, Mass., 4s,
Revere, Mass., 4s,
.
.
.

Par Value.

Estimated
Market Value.

$1 ,0 0 0
8 ,800
5 ,200

$ 1,017 50
8 ,997 76
5,219 50

$ 1 ,0 0 0 00
8 ,8 0 0 00
5 ,2 0 0 00

$ 59,000

$60,8 9 9 76

$ 5 9 ,0 0 0 00

.
.

Book Value.

Railroad Bonds.
Boston, Clinton & Fitchburg R .R . 5s,
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
.
Boston & Providence R .R . 4s,
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Q uincy R .R . 3jS, .
Chicago, Burlington & Q uincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 3-yS,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 4-J-s,
.
.
.
.
New port & Richford R .R . 5s, .
N ew York Central & Hudson R iver R .R . 34s,
N ew Y o rk & New England R .R . 4s,
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
Portsmouth, Great Falls & Conway R .R . 4Js,
St. Johnsbury & Lake Champlain R .R . 5s,
W ashington County R .R . 3- Js, .
.
.
.
W orcester, Nashua & R och. R .R . 4s,

$ 2,000
5 ,000
5,000
3 ,000
6 ,000
10,000
6,000
11,000
8 ,0 0 0
3 ,000
1,000
16,000
10,000
8 ,0 0 0
2,000
10,000
5 ,000
2 0,000
3 ,000
5 ,000
8 ,000
5 ,000
5 ,000

.

.

$157,000

$2,0 6 0
5 ,0 5 0
5 ,625
3 ,0 7 5
6 ,6 0 0
9 ,2 5 0
6 ,1 5 0
11,165
8 ,0 6 2
3 ,0 3 0
790
14,720
10,250
8 ,2 4 0
2 ,0 6 0
9 ,4 0 0
5 ,1 5 0
2 0 ,3 5 0
3 ,1 2 0
5 ,5 5 0
9 ,6 0 0
4 ,5 0 0
5 ,0 2 5

00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 5 8,822 50

$2 ,0 0 0
5 ,0 0 0
5 ,0 0 0
3 ,000
6 ,0 0 0
10,000
6 ,000
11,000
8 ,0 0 0
3 ,0 0 0
885
16,000
10,000
8 ,0 0 0
2 ,0 0 0
9 ,3 7 5
5 ,0 0 0
20,0 0 0
3 ,0 0 0
5 ,000
8 ,0 0 0
4 ,7 5 0
5 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00

$1 5 6 ,0 1 0 00

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$3 ,9 7 5
2 ,0 0 0
833
15,000

Amount.

Rate.

98
00
39
00

2 per cent.
3 .5 5 per ct.
4 per cent.
4\ per cent.

$ 1 0 ,0 0 0
3 3 .0 0 0
20 .0 0 0
4 4 ,7 3 5

Rate.

00
00
00
96

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
Total number Oct. 31, 1906,

.
.
.

.
.
.

4§
4Ìj
4f
5

per
per
per
per

.
.

cent.
cent.
cent.
cent.

.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

$2 ,6 0 0 00
9 7,333 50

5l¿ per cent.
6

per cent.

1,408
$ 6 6 ,7 6 4 24

.
1,278

.

76,091 56

.
.
.
.

.
.
.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

Rate.

Amount.

182
184
1,863
154
129,889 46
143

V
2 1,228 80

No. 8.]

BANK COMMISSIONER.

251

Medway Savings Bank— Concluded.
T o ta l E x p e n s e s

Y e a r ( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
. $1,300 00
$498 94
Percentage to total assets, .
.0 0 2 9 2
.0 0 1 1 1
for

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
.
June, 1906, I f per cent.,
.
.
.
D ate

of

.

Total.
$ 1,798 94
.0 0 4 0 3

.
.

.

$6 ,7 0 6 97
6,797 11

$ 1 3 ,5 0 4 08

E x a m in a t io n , Ja n u a r y 8.

MELROSE SAVINGS B A N K — MELROSE.
D a n ie l R u s s e l l , President.
E l b r id g e H . G oss , Treasurer.
J o h n L a r r a b e e , Clerk of the Corporation.

Investment Committee:

M oses S. P a g e , J o h n W . F a r w e l l , C h a r l e s H . A d a m s .

Incorporated April 5, 1872.
Open for business every business day except Saturdays,
8.3 0 a . m . to 2 p . m .; Saturdays, 8 .3 0 a . m . to 12 m .; also 7 to 8 p . m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the third W ednesday of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L ia b il it ie s .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loan on bank sto c k s,.
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$1 2 7 ,0 0 0
2 ,8 0 0
2 1 ,5 0 0
225
6 ,3 0 0
6 5 9 ,3 8 0
4 28,393
17,533
7 ,4 7 4
3 ,0 8 8

00
00
00
00
00
62
20*
25
73
68

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,
Due on mortgage
loans,

$ 1 ,1 4 2 ,8 4 3 96
3 8 ,4 2 8 37
7 1 ,367 72
19,384 27
71 16
1 ,600 00

$ 1 ,2 7 3 ,6 9 5 48

$ 1 ,2 7 3 ,6 9 5 48

* This amount, in excess of the legal limit, has since been reduced.
C a sh o n D e p o s it i n B a n k : —
Melrose National Bank, Melrose,

.

L o a n o n B a n k S to cks : —
5 shares Melrose National Bank, Melrose,

.

.

.

.

.

Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

.

.
.

$7,4 7 4 73
.

Estimated
Market Value.

$ 225 00

Book Value.

Public Funds.
City of Altoona, Pa., 4 s ,.
Augusta, Me., 4s.
.
Belfast, Me., 4s, .
Beverly, Mass., 4s,
Brockton, Mass., 5s,
Chicago, 111., 4s,
.
D ayton, O., 5s, .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.
.

.
.

.
.

$ 5,000
5,000
10,000
1,000
6,000
12,000
1,000

$5 ,1 0 0
5 ,000
10,100
1,020
6 ,2 1 0
12,012
1,000

00
00
00
00
00
00
00

$5 ,0 0 0
5 ,0 0 0
10,000
1,000
6 ,0 0 0
12,000
1,000

00
00
00
00
00
00
00

[Pub. Doc

REPORT OF THE

252

Melrose Savings Bank — Continued.
Par Value.

S c h e d u l e o f Se c u r it ie s O w n e d .

Public Funds — Concluded.
City of Gloucester, Mass., 4s, .
.
Kansas City, M o., 4-Js,
Lowell, Mass., 4s,
.
.
Malden, Mass., 4s,
.
.
Melrose, Mass., 4s,
.
.
Quincy, Mass., 4s,
.
.
Somerville, Mass., 4s, .
.
T ow n of Danvers, Mass., 4s, .
.
Plym outh, Mass., 4s,
Reading, Mass., 4s,
W inchester, Mass., 4s,

.

.

.
.
.
.
.
.

.
.
.
.
.
.

$ 2,000
10,000
4 ,000
5,000
3 8,000
3,000
1,000
6,000
4 ,000
9 ,000
5 ,000

Estimated
Market Value.

$2 ,0 0 0
10,500
4 ,1 0 0
5,100
39 ,0 4 0
3,015
1,005
6 ,120
4 ,0 0 0
9 ,2 5 0
5 ,120

Book Value.

$2 ,0 0 0
10,000
4 ,0 0 0
5 ,000
38 ,0 0 0
3 .0 0 0
1.000
6 ,000
4 ,0 0 0
9 ,0 0 0
5 ,000

00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00

$ 1 2 7,000

$129,692 00

$127,0 0 0 00

$2,800

$3 ,2 2 0 00

$2 ,8 0 0 00

$ 10,000
10,000
5 ,000

$10,2 0 0 00
6 ,5 0 0 00
5 ,062 00

$10,0 0 0 00
6 ,500 0 0 *
5 ,000 00

$ 2 5 ,0 0 0

$21,7 6 2 00

$ 2 1 ,5 0 0 00

Bank Stocks.
28 shares Freemans National Bank, Boston,

Railroad Bonds.
Fitchburg R .R . 4s,
.
.
.
.
.
G rafton & U pton R .R . 4s,
.
.
.
.
N ew Y ork, New H aven & H artford R .R . 4s,

* A legal investm ent when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$7 ,4 7 4 73
80 0 00
10,250 00

Rate.

Amount.

Rate.

2 per cent.
3 | per cent.
4 j per cent.

4 f per cent.
5 per cent.
5£ per cent.

$55,0 0 0 00
818,6 5 7 32
20,0 0 0 00

R e a l E st a t e b y F o r e c lo su r e
Am ount invested,
.
.
Assessed value, .
.
.

or

.
.

.
.
.

.
.

.

r e c e iv e d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

d u r in g

Y

ear,

5% per cent.
6

per cent.

$17,533 25
2 0,875 00
6,817

.

.

264,938 55

.
4 ,340

.

236,849 47

.
.
.

.
.

S t a t is t ic s of L o a n s : —
N um ber not exceeding $ 3,000 each,
A m ount of same,
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

$51,131 50
138,460 00

O t h e r w is e : —
.
.
.
.
.
.

D ep o sit s a n d W i t h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number O ct. 31, 1906,

Rate.

Amount.

.
.

744
536
5,378

.

4 34

.

452

579 880 62
57 ,8 4 0 79

BANK COMMISSIONER

No. 8.]

253

Melrose Savings Bank — Concluded.
T otal E x p e n se s

fo r

Y

ear

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
. $2 ,7 0 0 00
$802 30
.
.0 0 2 1 2
.0 0 0 6 3

Am ount paid during year,
Percentage to total assets,

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent., .
.
July, 1906, I f per cent.,
.
.
D ate

of

.
.

.
.

.
.

Total.
$3 ,5 0 2 30
.0 0 2 7 5
$17,827 61
18,254 05

$36,081 66

E x a m in a t io n , A p ril 17.

MERRIMAC SAVINGS BANK — MERRIMAC.
T h o m a s H . H o y t , President.
F r e d e r ic k C. G r a n t , Treasurer.
F r e d e r ic k C. G r a n t , Clerk of the Corporation.

Investment Committee: T h o m a s H . H o y t , H e r b e r t O . D e l a n o , H e n r y H . S t o r y .
Incorporated April 19, 1871.
8.3 0
a . m . to 12

Open for business every business day except Saturdays,
1.30 to 3 p . m . ; Saturdays, 8 .3 0 a . m . to 12 m .

m .,

Deposits commence to draw interest the third W ednesday of January, April, July and
October.
Dividends are payable the fourth W ednesday of April and October.
B a l a n c e S h e e t . O ct . 31, 1906.

A ssets.

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Stocks, bonds, etc., taken to secure indebtedness, .
Premium account,
Furniture and fixtures,
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 6 9 ,0 0 0
5 ,1 0 0
130,896
15,000
20 ,0 0 0
500
100
5 ,000
135,477
62 ,7 7 9
19,471

00
00
33
00
00
00
00
00
50
92
22

350
3,071
858
7 ,000
1,390
510

00
25
92
00
52
78

$ 4 7 6 ,5 0 6 44

C a sh o n D e p o sit i n B a n k : —
First National Bank, Merrimac,
L o a n s o n B a n k St o c k s, A m o u n t o n E a c h : —
6 shares First National Bank, Merrimac,
2
shares First National Bank, Merrimac,
L o a n o n R a il r o a d St o c k s : — 1 share Boston & Maine R .R .,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Deposits,
Guaranty fund, .
Profit and loss account,

$4 4 9 ,4 3 2 12
26,276 29
798 03

$ 4 7 6 ,5 0 6 44

$ 8 ,390 52
$400 00

100 00
$100 00

[Pub. Doc

KEPORT OF THE

254

Merrimac Savings Bank — Continued.
Estimated
Market Value.

Book Value.

$ 15,000
10,000
7 ,000
2 ,000
5 ,000
5 ,000
5 ,000
5 ,000
5,000
5 ,000
5 ,000

$15,5 2 5
9 ,8 0 0
7 ,2 1 0
2 ,0 3 0
4 ,937
5 ,000
5 ,050
5 ,062
5 ,1 0 0
5 ,162
5 ,100

$15,000
10,000
7,000
2 ,000
5 ,000
5 ,000
5 ,0 0 0
5 ,0 0 0
5 ,000
5 ,000
5 ,000

$69,0 0 0

$69,9 7 7 50

$69,0 0 0 00

$ 5 ,100

$5 ,1 0 0 00

$ 5,100 00

Par Value.

Schedule oe Securities Owned .

Public Funds.
County of Aroostook, Me., 4^s,
City of Chicopee, Mass., S-J-s, .
Concord, N . H ., 4s,
.
Keene, N . H ., 4s,
.
Lynn, Mass., 3Js,
.
Meriden, Conn., 4s,
Newton, Mass., 4s,
.
Stam ford, Conn., 4s, .
W aterbury, Conn., 4s,
Tow n of Auburn, Me., 4s,
.
Merrimac, M ass., 4s, .

.

.

.
.
.
.

.
.
.
.

.
.
.
.

.

.

.

.
.

.
.

.
.

00
00
00
00
50
00
00
50
00
50
00

00
00
00
00
00
00
00
00
00
00
00

Bank Stocks.
51 shares First National Bank, Merrimac,

Railroad Bonds.
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Q uincy R .R . 3Js, .
Concord & M ontreal R .R . 4s, .
.
.
.
Erie & Pittsburgh R .R . 3^s, .
.
.
.
Fitchburg R .R . 4^s,
.
.
.
.
.
Illinois Central R .R . 3s,
.
.
.
.
Illinois Central R .R . 3^-s,
.
.
.
.
Maine Central R .R . 4s, .
.
.
.
.
Michigan Central R .R . 3-jS,
.
.
.
.
N ew Y ork , New H aven & H artford R .R . 3^-s,
N ew Y ork , New H a ven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Peoria & Northwestern R .R . 3Js,

.

$20,0 0 0
16,000
11,000
5,000
5 ,0 0 0
10,000
15,000
7,000
10,000
10,000
10,000
6 ,000
8 ,0 0 0

$ 2 0 ,7 0 0
14,880
11,220
4 ,7 5 0
5 ,2 0 0
8 ,1 0 0
13,875
7 ,0 3 5
9 ,5 0 0
9 ,2 0 0
10,100
6 ,202
7 ,6 0 0

00
00
00
00
00
00
00
00
00
00
00
50
00

$ 2 0 ,0 0 0
15,390
11,000
4 ,9 7 5
5 ,000
9 ,0 5 0
15,000
7 ,000
9 ,6 5 0
9,831
10,000
6 ,0 0 0
8 ,0 0 0

00
08
00
00
00
00
00
00
00
25
00
00
00

$133,0 0 0

$128,3 6 2 50

$130,896 33

$15,0 0 0

$15,4 5 0 00

$ 1 5 ,0 0 0 00

$ 2 0 ,0 0 0

$ 2 0 ,8 0 0 00

$20,0 0 0 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Com pany 4s,

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3^s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$ 7,000 00
3 9,979 92
97 ,5 0 5 00

Rate.

3^- per cent.
4% per cent.
5 per cent.

Rate.

Amount.

5-J- per cent.
5 f per cent.

$10,3 0 0 00
10,000 00

Rate.

Amount.

$ 4 1 ,0 7 2 50
5 ,0 0 0 00

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
^
N um ber of withdrawals during year,
A m ount of same,
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6 per cent.
6£ per cent.

$19,471 22
2 3 ,975 00
436 94
783
3 8,464 78
742

.

6 4 ,095 03

BANK COMMISSIONER.

No. 8.]

255

Merrimac Savings Bank — Concluded.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

.
.
.

.
.

. . .
.
.

.
.
.

.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

89
.

of

95
19,829 44

ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent.,
.
D ate

$90,4 5 7 42

.

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$ 1,560 00
$496 08
Percentage to total assets, .
.0 0 3 2 7
.0 0 1 0 4
for

85
87
1,460

.
.

.

.
.

.

Total.
$2 ,0 5 6 08
.0 0 4 3 1
$7,741 80
7,639 06

.

15,380 86

E x a m in a t io n , F e b r u a r y 2.

MERRIMACK RIVER SAVINGS BANK — LOW ELL.
C h a r l e s E . A d a m s , President.
N a t h a n G . L a m s o n , Treasurer.
N a t h a n G. L a m s o n , Clerk of the Corporation.

Investment Committee:

C h a r l e s F . V a r n u m , P e r l e y P. P e r h a m , H . C. T a f t ,
J a m e s S cott , N a t h a n G. L a m s o n .

Incorporated Feb. 24, 1871.

Open for business every business d ay,[9
Saturdays, 7 to 9 p . m .

a .m.

to 1

p . m .;

also

Deposits commence to draw interest the first Saturday of February, M ay, August and
Novem ber. Dividends are payable the first Saturday of M ay and Novem ber.

B a l a n c e S h e e t , O ct . 31, 1906.

A sse ts.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds,
Street railway bonds, .
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
R eal estate in possession,
T axes paid on m ortgaged prop­
erties, .
.
.
.
.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$10,0 0 0
4 3 ,4 0 0
2 9 1 ,1 5 0
2 5 .0 0 0
50 .0 0 0
11.000
1 ,830
1,137 ,1 2 5
792,7 5 0
8 ,9 7 4
1,800

00
00
00
00
00
00
00
01
00
50
00

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

54,571 12
54,3 7 4 09

7,071 23
39 ,9 9 5 41
3 ,0 1 9 88
$ 2 ,4 2 3 ,1 1 6 03

$ 2 ,4 2 3 ,1 1 6 03

C a sh o n D e p o s it i n B a n k s , A m o u n t
State National Bank, Boston,
.
Old Lowell National Bank, Lowell,
W a m esit National Bank, Lowell, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 2 ,2 0 6 ,1 7 0 82
108,000 00

in

E ach : —
.
.
.
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

$9 ,7 5 5 57
5 ,0 0 0 00
25,239 84

256

KEPORT OF THE

[Pub. Doc

Merrimack River Savings Bank — Continued.
L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$28,0 0 0 New Y ork , New H aven & H artford R .R . 4s,
30,0 0 0 New England R .R . 4s,
.
.
.
.
.

S c h e d u l e o f Se c u r it ie s O w n e d .

.

.

.

.

$25,000 00
25,0 0 0 00

Par Value.

Estimated
Market Value.

Book Value.

$10,000

$10,000 00

$10,0 0 0 00

Public F unds.
Town of Eastport, M e., 4Js,

.

.

.

.

B ank Stocks.
25 shares Atlantic National Bank, Boston,
15
20
28
25
31
40
51
54
31
27
102

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

$2,500

00
00
00
00
00
00
00
00
00
00
00
00

$ 2 ,5 0 0 00

$ 4 3 ,4 0 0

$61,367 00

$ 4 3 ,4 0 0 00

$ 20,000
14,000
15,000
30 ,0 0 0
2 0,000
5 0,000
3 0,000
10,000
2 5,000
10,000
4 0 ,000
3 0,000

$20,1 0 0
14,490
16,200
2 7 ,750
2 0 ,500
4 7 ,5 0 0
3 0 ,375
10,400
22,875
9 ,800
3 6 ,800
3 0,125

Continental N a t’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil H a ll N a t’l Bank, Boston,
First National Bank, Boston, .
Fourth National Bank, Boston,
M etropolitan N a t’l Bank, Boston,
N a t’l Bank of Commerce, Boston,
Old Boston N a t’l Bank, Boston,
State National Bank, Boston, .
W ebster and Atlas N a t'l B ’k, Boston,
W am esit N ational Bank, Lowell,

-

2 ,000
2 ,800
2 ,500
3,100
4 ,0 0 0
5 ,100
5 ,400
3 ,100
2,700
10,200

$ 3,625
75
4 ,0 0 0
4 ,0 6 0
7,375
4 ,557
4 ,760
8 ,160
5 ,940
4,619
3 ,996
10,200

_

2 ,0 0 0
2 ,8 0 0
2 ,5 0 0
3 ,1 0 0
4 ,0 0 0
5 ,100
5 ,4 0 0
3 ,1 0 0
2 ,7 0 0
10,200

00
00
00
00
00
00
00
00
00
00

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston, Revere Beach & L yn n R .R . 4-J-s,
Chicago, Burlington & Quincy R .R . 3^s,
Chicago, Burlington & Q uincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3 ts,
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 4^s,
.
.
.
.
Illinois Central R .R . 3 Js,
.
.
.
Lim e R ock R .R . 4s,
.
.
.
.
N ew Y ork, New H aven & H artford R .R .
N ew York, New H aven & H artford R .R .

.
.
.
.

.
.
.
.

3.jS,
4s,

00
00
00
00
00
00
00
00
00
00
00
00

$ 2 0 ,0 0 0
1 4,000
15,000
2 9 ,3 5 0
20,0 0 0
50,0 0 0
3 0 ,0 0 0
10,000
23,7 7 5
1 0,000
3 9,025
3 0 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00

$ 2 9 4 ,0 0 0

$286,915 00

$2 9 1 ,1 5 0 00

$25,000

$25,562 50

$25,0 0 0 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Com pany 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$34,995
5 ,0 0 0
70 .0 0 0
25.000

Rate.

41
00
00
00

2
3
4

per
per
per
4% per

cent.
cent.
cent.
cent.

Amount

$ 3 2 0 ,4 5 0
180,000
1,169 ,1 8 5
2 5 ,0 0 0

R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

Rate.

00
00
79
00

per
per
per
per

cent.
cent.
cent.
cent.

$ 9 0 ,0 8 4 22
70,000 00
4 2 ,9 8 5 00

O t h e r w is e : —
.
.
.
.
.

Rate.

5-J per cent.
5 f per cent.
6 per cent.

or

.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
.
.
A m ount of same,
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4^
4f
5
5-f

Amount.

$8 ,9 7 4 50
7 ,300 00
2,701

.

273,921 15
2,509

.

253,1 2 8 03

257

BANK COMMISSIONER.

No. 8.]

Merrimack River Savings Bank — Concluded.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1906,

479
355
3 ,640

S t a t ist ic s of L o a n s : -—
286
Num ber not exceeding $ 3,000 each,
................................................ $414,877 22
A m ount of same,
.
.
.
.
.
369
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

d u r in g

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

Y ear,

( e x c l u s iv e of T a x e s ) : —
Other Expenses.
Salaries.
$1,300 16
A m ount paid during year,
. $ 6 ,500 00
.0 0 0 5 4
Percentage to total assets, .
. 00267

T otal E x p e n se s

for

Y

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, I f per cent., \ .
M ay, 1906, I f per cent.,
D ate

of

1 0 4 ,1 4 4 60

ear

Total.
$ 7,800 16
.0 0 3 2 1
$35,571 50
3 6 ,5 4 4 92

72,116 42

E x a m in a t io n , M ar c h 30.

MIDDLEBOROUGH SAVINGS BANK - MIDDLEBOROUGH.
D a v id G. P r a t t , President.
A ndrew M. W

Investment Committee:

A ndrew M. W
ood,

ood ,

Treasurer.

Clerk of the Corporation.

D a v id G . P r a t t , G eo r g e R . S a m p s o n , G e o r g e E . D o a n e .

Incorporated March 15, 1873;
2 to 4

Open for business every business day, 9
also Saturdays, 7 to 8 p .m .

a .m .

to 12

m .,

p . m .;

Deposits commence to draw interest the first M onday of January, April, July and October.
Dividends are payable the first M onday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.
L ia b il it ie s .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on public funds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 3 8,000
3 ,9 0 0
283,4 7 5
40 .0 0 0
15.000
8 0 ,6 0 0
8 8 5 ,3 6 5
141,311
46,451
4 7 .0 0 0
86
2 5 ,2 6 0
2 ,384

00
00
00
00
00
00
00
00
70
00
47
81
83

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .

$ 1 ,7 0 8 ,8 3 4 81

C a sh o n D e p o sit i n B a n k s , A m o u n t in E ac h : —
Atlantic National Bank, Boston,
W inth rop National Bank, Boston,
Middleborough National Bank, Middleborough,
Pynchon National Bank, Springfield (in liquidation),
L o a n o n P u b l ic F u n d s : —
$ 15,000 City of Springfield, M ass., 3^s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1 ,5 9 3 ,9 6 6 05
8 0 ,0 0 0 00
26 ,6 9 8 46
8 ,1 7 0 30

$ 1 ,7 0 8 ,8 3 4 81

$6 ,0 4 5
6 ,772
11,842
600

56
81
44
00

$ 1 5 ,0 0 0 00

[Pub. Doc

REPORT OF THE

258

Middleborough Savings Bank — Continued.
Par Value.

S c h e d u l e o f S e c u r it ie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
City of Boston, Mass., 3-Js,
.
Boston, Mass., 4s,
.
D ayton, 0 ., 5s, .
Dubuque, la ., 4s,
.
Fort W ayn e, Ind., 4-Js,
Kansas City, M o., 4s, .
Lynn, Mass., 4s,
.
Rockford, 111., 4-|s,
South Bend, Ind., 5s, .
Terre Haute, Ind., 4s,
Tow n of Burrillville, R . I., 4s,
W eym o u th , Mass., 4s,

.

.

.

.

.

.

.
.

.
.

.
.

.

$ 25,000
10,000
10,000
16,000
5,000
2 5,000
15,000
10,000
4 ,000
7,000
5 ,000
6,000

.

.

.

.

$23,7 5 0
10,450
10,475
16,140
5 ,150
2 5,750
15,056
10,000
4 ,020
7,000
5 ,000
6,052

00
00
00
00
00
00
25
00
00
00
00
50

$ 25,000
10,000
10,000
16,000
5 ,000
2 5,000
15,000
10,000
4 ,0 0 0
7 ,000
5 ,000
6 ,000

00
00
00
00
00
00
00
00
00
00
00
00

$ 1 3 8,000 00

$138,000

$138,843 75

$385

$55 00

1 ,200
2 ,700

1,440 00
3 ,105 00

$1 ,2 0 0 00
2 ,700 00

$ 4,285

$4 ,6 0 0 00

$ 3,900 00

$6,000
20,000
55,000
10,000
5,000
10,000
6,000
6,000
33,000
20,000
8 ,000
5,000
10,000
10,000
3 0,000
10,000
16,000
10,000
17,000

$ 6,120
2 0,000
50,875
10,300
5 ,025
9 ,5 0 0
6,032
6,060
2 5 ,740
18,300
8 ,020
5,000
10,200
9 ,400
30 ,7 2 5
10,350
16,240
9 ,4 0 0
15,980

$ 6,000
2 0,000
5 5,000
10,000
5 ,000
10,000
6,000
6 ,000
30 ,6 0 6
2 0 ,000
8 ,000
5 ,000
10,000
10,000
30 ,0 0 0
10,000
16,000
9 ,825
16,043

Bank Stocks.
11 shares Tremont National Bank, Boston,
12 shares Middleborough National Bank, M iddleborough,
.
.
.
.
27 shares Plym outh N a t’l Bank, Plym outh,

-

Railroad Bonds.
Beech Creek R .R . 4s,
.
.
.
.
.
Boston & Lowell R .R . 4s,
.
Chicago, Burlington & Quincy R .R . 3 jS, .
Chicago, Burlington & Quincy R .R . 4s,
D exter & Newport R .R . 4s,
Fitchburg R .R . 3^s,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3jS,
.
.
.
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 4s, .
Michigan Central R .R . 4s,
.
.
.
N ew York Central & Hudson R iver R .R . 3-yS, .
N ew Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
.
Portland & Ogdensburg R .R . 5s,
Princeton & Northwestern R .R . 3Js,
Sioux City & Pacific R .R . 3^s,

00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
25
00
00
00
00
00
00
00
00
00
75

$287,000

$ 2 7 3,267 50

$ 2 8 3,475 00

$1,000
39,000

$1 ,0 7 0 00
39 ,9 6 0 00

$ 1,000 00
39 ,0 0 0 00

$40,0 0 0

$41,0 3 0 00

$40,0 0 0 00

Street Railw ay Bonds.
H olyoke Street R ailw ay Company 5s,
W e st E n d Street R ailw ay Company 4s,

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$ 2 4 ,6 6 0 81
8 0 ,7 0 0 00
2 ,5 0 0 00

2
4

per cent.
per cent.

4\ per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$99,5 0 0 00
15,000 00
616,2 8 4 00

Rate.

4-J per cent.
4 f per cent.
5 per cent.

Amount.

$ 48,550 00
2 60,342 00

Rate.

5^ per cent.
6 per cent.

No. 8.]

BANK COMMISSIONER.

259

Middleborough Savings Bank — Concluded.
R e a l E s t a t e fo r B a n k in g P u r po ses : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.

.

.

.

.
.

.

$ 4 7 ,0 0 0
4 7 .0 0 0
36 .0 0 0
1 ,550

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0 6 ,.

.
.
.

.
.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g

Y

of

237,441 25

.

.
.
.

.
.
.
.

2 83,852 25

.
.
.

645
454
5,068
.

442

!

399

4 0 2 ,4 6 8 0 0

ear,

8 2 ,8 9 4 91

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent., .
.
D ate

4,971
' 3 ,362

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 3,375 00
$1,798 96
Percentage to total assets, .
.0 0 1 9 7
.0 0 1 0 5
fo r

46,451 70
4 6 ,5 0 0 00
670 38

.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,

T otal E x p e n se s

00
00
00
67

.
.

.
.

.
.

Total.
$ 5,173 96
.0 0 3 0 2
$ 2 6 ,5 8 0 95
2 6 ,755 97

5 3,336 92

E x a m in a t io n , M a y 15.

M IDDLESEX INSTITUTION FOR SAVINGS — CONCORD.
H arvey W

President.
C h a r l e s E . B r o w n , Treasurer.
H e r b e r t W . H o sm e r , Clerk of the Corporation.

heeler,

Investment Committee:

H a r v e y W h e e l e r , E d w a r d J. B a r t l e t t , L o r in g N . F o w l e r ,
W oodward H ud so n .

Incorporated March 4, 1835. Open for business every business day except Saturdays,
9 a . m . to 2 p .m .; Saturdays, 9 a . m . to 12.15 p . m .
Deposits commence to draw interest the first day of March, June, September and
December. Dividends are payable the first day of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

260

[Pub. Doc

REPORT OF THE
Middlesex Institution for Savings — Continued.
B alan ce

Sh eet,

O ct. 31,

190G .

L ia b il it ie s .

A ssets.

$21,387
10,000
508,712
47,7 6 8
5 3 ,5 5 0
4 4,000
585,5 2 7
6 6 7 ,0 0 0
7 ,500
10,500
2,616
42,391
5 ,0 9 6
632

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .
R ent account,

50
00
50
75
00
00
21
00
00
00
74
64
34
09

o n

D e p o s it

in

B an k s,

A m ount

First National Bank, Boston,
.
•Concord National Bank, Concord,

in

5 ,568 86
34 ,9 4 0 84
31 58

$2,0 0 6 ,6 8 2 77

$ 2 ,0 0 6 ,6 8 2 77

C ash

$1,873,641 49
9 2 ,5 0 0 00

E ach : —

.

.
.

.
.

.
.

.

.
.

.
.

$32,391 64
15,096 34

)

S c h e d u l e o f S e c u r it ie s O w n e d .

Par Value.

Estimated
Market Value.

Book Value.

P ublic Funds.
Tow n of Concord, M ass., 3Js, .
Concord, M ass., 4s,

$ 9,500 00
10,300 00

$10,000 00
11,387 50

$ 2 0 ,0 0 0

$19,8 0 0 00

$21,387 50

$10,000

$15,000 00

Bank Stocks.
100 shares Concord National Bank, Concord,

O
o
o
o'
rH

$10,000
10,000

00

$10,350
15,000
10,000
25,000
25,875
2 1,150
15,450
50,000
10,000
10,150
30,687
20,775
11,300
26,700
15,000
20,000
4 8 ,950
25,375
19,625
25,625
20,000
10,500
10,000
3 1 ,200

00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 4s,
Boston & Maine R .R . 4^s,
Chicago, Burlington & Quincy R .R . 31s, .
Cleveland & Pittsburg R .R , 31s.
Chicago & Northwestern R .R , 31s, .
Concord & Montreal R .R . 4s, .
Connecticut & Passumpsic Rivers R .R . 4s,
Connecticut R iver R .R . 31s,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 31s,
Illinois Central R .R . 4s, .
Kalam azoo, Allegan & Grand Rapids R .R . 5s,
Maine Central R .R . 4s, .
.
.
.
Maine Central R .R . 41s,
.
.
Michigan Central R .R . 31s,
N ew Y ork Central & Hudson R iver R .R . 31s,
N ew Y ork , New H aven & H artford R .R . 3-|s,
N ew Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
Portland & R um ford Falls R .R . 4s,
Sullivan County R .R . 4s,
T roy & Boston R .R . 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
15,000
10,000
25,000
2 5,000
2 0,000
15,000
50,000
10,000
10,000
3 0,000
2 0,000
10,000
20 ,0 0 0
15,000
2 0,000
50,000
25,000
20,000
25,000
20,000
10,000
10,000
20,000
$ 4 8 5,000

$9,700
15,075
10,300
28,000
23,000
19,000
14,400
51,000
10,300
9,500
30,275
18,400
10,150
24,000
15,075
20,500
4 6 ,500
23,375
18,300
25,000
20,500
10,100
10,000
2 8 ,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$490,450 00

$508,712 50

BANK COMMISSIONER.

No. 8.]

261

Middlesex Institution for Savings — Concluded.
Schedule

of

Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

$ 25,000
20,000

$25,5 0 0 00
2 0,400 00

$26,343 75
2 1,425 00

$45,000

$45,9 0 0 00

$47,768 75

$50,000

$52,0 0 0 00

$53,5 5 0 00

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
W e st E nd Street R ailw ay Company 4s,

Boston Term inal Company Bonds.
Boston Terminal Company 3-jS,

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$32,391
10,000
17,000
7 ,0 0 0

64
00
00
00

Amount.

2% per cent.
3 per cent.
3^ per cent.
4 per cent.

$ 69,400
105.000
740,007
100.000

Rate.

00
00
21
00

4{r
4f
5
5£

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

Rate.

$124,950 00
70,000 00
6 3,170 00

5% per cent.

R e a l E st a t e f o r B a n k in g P u r po ses : —
Am ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

$10,500 00
10,500 00
8 ,5 0 0 00

O t h e r w is e : —
.
.
.

or

7 ,500 00
8 ,2 0 0 00

.

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.

4,356
298,6 8 6 74
!

634
404
5,488

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

ear,

of

E x a m in a t io n , Ja n u a r y 9.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

343,327 21
83,6 5 2 80

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
December, 1905, 2 per cent.,
June, 1906, 2 per cent.,
D ate

241
277

!

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$800 18
A m ount paid during year,
. $ 5 ,600 00
Percentage to total assets, .
. 00279
.0 0 0 3 9
fo r

3,353
08 55

D e p o s it A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

T ot at, E x p e n s e s

5 f per cent.
6 per cent.

Total.
$6 ,4 0 0 18
.0 0 3 1 8
$34,273 35
3 4,965 65

69,239 00

262

[Pub. Doc

REPORT OF THE
MILFORD SAVINGS B A N K — MILFORD.

Z ib e o n C. F ie l d , President.
Ja m e s E . W

Ja m e s E . W
alker,

alker,

Treasurer.

Clerk of the Corporation.

Investment Com m ittee: Ch a r l e s F . Cl a f l in , Z ib e o n C. F ie l d , Cl if f o r d A . C o o k .
Incorporated April 24, 1851. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 1 p .m .
Deposits commence to draw interest the second Saturday of January, April, July and
October. Dividends are payable the second Saturday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loans on bank stocks,
Loans on railroad bonds,
Loan on railroad stocks.
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Suspense account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$ 3 0 2,000
86,3 7 8
4 9 0 ,6 2 2
100,000
103,812
1 0,180
110,000
4 ,0 0 0
153,150
450
615,0 1 6
768,6 6 6
44,6 8 0
25 ,0 0 0
76
3 1,523
9 ,836
464

00
75
50
00
50
00
00
00
00
00
31
79
60
00
35
99
21
78

Deposits,
G uaranty fund,
Profit and loss ac­
count,

$ 2 ,7 0 3 ,3 4 7 22
117,323 83
35 ,1 8 7 73

$2,8 5 5 ,8 5 8 78

C a s h o n D e p o sit in B a n k s , A m o u n t
First National Bank, Boston,
.
National Shawmut Bank, Bos t on, .
Milford National Bank, Milford, .

$2,8 5 5 ,8 5 8 78

E ach : —
.
.
.
.
.
.

in

.
.
.

$1,526 71
8,997 28
30,836 21

L o a n s o n B a n k S t o c k s , A m o u n t o n E ac h : —
100 shares Milford National Bank, Milford,
2 shares Milford National Bank, Milford,
L oans on
$ 4,000
5 1.000
40 .0 0 0
32 .0 0 0

$10,000 00
180 00

R a il r o a d B o n d s , A m o u n t o n E a c h : —
New Y ork, New H aven & H artford R .R . 4s,
Boston & Maine R .R . 4s, .
.
.
.
New Y ork, New H aven & Hartford R .R . 3-Js,
Boston & Maine R .R . 4s, .
.
.
.

$50,000 00
60,000 00

L o a n o n R a il r o a d S to ck s : —
100 shares Old Colony R .R .,
50 shares Boston & Maine R .R .,

$4,000 00

Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

Public Funds.
City of Beverly, Mass., 4s,
.
Boston, Mass., 4s,
.
Bridgeport, Conn., 4s,
Chicago, 111., 4s,
.
D ayton, O., 4s, .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.

.

.

.

.
.

.

.

$15,0 0 0
2 5.000
6 ,000
5 0.000
2 5.000

$15,3 0 0
2 5 ,5 3 0
6 ,1 8 0
5 0 ,0 0 0
25 ,2 5 0

00
00
00
00
00

$ 1 5 ,0 0 0
25 .0 0 0
6 ,0 0 0
5 0 .0 0 0
2 5 .0 0 0

00
00
00
00
00

263

BANK COMMISSIONER

No. 8.]

Milford Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

P ublic F unds — Concluded.
City of Dubuque, la ., 4s,
Grand Rapids, Mich., 4-i,-s,
Lynn, Mass., 4s,
New Britain, Conn., 4s,
Newport, R . I., 4s,
Newton, Mass., 4s,
Portland, Me., 6s,
Providence, R . I., 4s, .
Saginaw, Mich., 4s,
W oonsocket, R . I., 4s,
T ow n of Attleborough, Mass., 4s,
Framingham, Mass., 4s,
Maynard, Mass., 4s, .
W eym outh, Mass., 4s,

$ 8,000
6,000
7,000
20,000
10,000
20,000
2,000
11,000
12,000
15,000
20,000
20,000
20,000
10,000
$302,000

Estimated
Market Value.

$ 8,000
6,060
7,210
20,000
10,300
20,500
2,000
11,440
12,120
15,150
2 0,400
20,000
2 0,400
10,150

00
00
00
00
00
00
00
00
00
00
00
00
00
00

Book Value.

$8,000
6,000
7,000
20,000
10,000
20,000
2,000
11,000
12,000
15,000
2 0,000
20,000
2 0,000
. 10,000

00
00
00
00
00
00
00
00
00*
00*
00
00
00
00

$305,990 00

$302,000 00

$ 1,450
125
16,520
4 ,000
27,300
8 ,460
4,917
1,776
18,000
720
11,250
3 9,450

$1,000
1
8,400
3,581
15,000
7,496
3 ,300
1,200
10,000
900
7,500
2 8,000

Bank Stocks.
10
25
56
25
100
47
33
12
100
9
75
263

shares Atlantic National Bank, Boston,
shares Continental N a t’l Bank, Boston,
shares First National Bank, Boston, .
shares National Exchange Bank, Boston,
shares National Shawmut Bank, Boston,
shares National Union Bank, Boston,
shares State National Bank, Boston, .
shares W ebster and A tlas N a t’l B ’k, Boston,
shares H om e National Bank, Brockton,
shares H opkinton N a t’l Bank, H opkinton,
shares H om e National Bank, Milford,
shares Milford National Bank, Milford,

$1,000
—

5,600
2,500
10,000
4 ,700
3,300
1,200
10,000
900
7,500
26,300
$73,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00

$133,968 00

00
00
00
25
00
50
00
00
00
00
00
00

$86,378 75

Railroad Bonds.
Boston & A lb an y R .R . 3£s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 4s,
Boston & Maine R .R . 4^s,
Chicago, Burlington & Quincy R .R . 3Js,
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 4-J-s,
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
Milford & W oonsocket R .R . 5s,
N ew Y o rk Central & Hudson River R .R .
N ew Y ork, New H aven & Hartford R .R .
N ew Y ork , New H aven & H artford R .R .
Old Colony R .R . 4s,
.
.
.
.
Peoria & Northwestern R .R . 3£s,
W orcester, Nashua & Rochester R .R . 4s,

.

3^s,
3-|s,
4s,

.

$50,000
20,000
10,000
15,000
5 0,000
2 5,000
10,000
10,000
2 0,000
4 ,000
5 0 ,000
7 5 ,000
7 5 ,000
12,000
25,000
4 5 ,000

$ 48,500
20,000
10,250
16,800
4 6,000
25,500
11,200
10,100
2 0,200
4,000
4 6,750
68,625
76,500
12,240
2 3,750
45 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 50,000
20,000
10,000
15,000
49,122
25,0 0 0
10,000
10,000
20,000
4 ,000
4 7,750
74,000
75,000
12,000
23,750
4 5,000

00
00
00
00
50
00
00
00
00
00*
00
00
00
00
00
00

$ 4 9 6,000

$485,4 1 5 00

$490,622 50

$40,000
60,000

$ 40,800 00
6 1,200 00

$40,000 00
6 0,000 00

$100,000

$ 1 0 2,000 00

$100,000 00

$100,000

$ 1 0 4,000 00

$103,812 50

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
W e s t E n d Street R ailw ay Company 4s,

Boston Term inal Company Bonds.
Boston Terminal Com pany 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Legal investments when made.

264

[Pub. Doc.

REPORT OF THE
Milford Savings Bank— Concluded.
Total A m ount of Loans at Specified Rates of Interest.

Amount.

$ 3 1 ,5 2 3
7 9 .5 0 0
3 0 ,9 0 0
1 00 ,95 0
5 0 .5 0 0

Amount.

Rate.

99
00
00
00
00

2
3^
3f
4
4f

per
per
per
per
per

cen t.
ce n t.
cen t.
cen t.
cen t.

Rate.

$ 1 0 ,0 0 0
3 5 1 ,5 0 6
2 5 0 ,5 0 0
6 86 ,33 1
1 2,5 00

00
31
00
79
00

4§
4§4f
5
5f

R e a l E st a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

.
.
.
.

per
per
per
per
per

Rate.

Amount.

$ 2 8 ,2 0 0
4 0 ,0 0 0
19,1 25
450
1,0 0 0

ce n t.
cen t.
ce n t.
ce n t.
ce n t.

00
00
00
00
00

D e p o s it A cco u n ts : —
Num ber opened during year,
N um ber closed during year,
T otal number O ct. 31, 1 9 0

.
.
6

.

.

.
.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
.

.
.

.

.

.

.

.

G ross I n c o m e

r e c e iv e d

.

Y

d u r in g

Y

ear,

.

.

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$4,2 0 7 00
$1 ,0 5 2 2 2
Percentage to total assets, .
.0 0 1 4 7
.0 0 0 3 7
for

of

5 2 5 ,4 3 0 90
5 1 8 ,2 9 4 55

357
.
.
.

5 1 0 ,0 4 0 79

.
249
. . .

120,389 50

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
.
October, 1906, I f per cent., .
.
.
D ate

9 ,4 2 3
.
6,472
.
1,169
906
8 ,623

.

S t a t is t ic s o f L o a n s : —
N um ber not exceeding $3,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,

T o ta l E x p e n s e s

00
00
00
83

4 4 ,6 8 0 60
56 ,5 0 0 00
203 86

.

.

,

ce n t.
ce n t.
ce n t.
ce n t.
ce n t.

$ 2 5 ,0 0 0
25.0 0 0
24.0 0 0
9 75

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
.
.
.
A m ount of same,

5-1- p e r
5-J p e r
6 per
6% p e r
7 per

.
.

.
.

Total.
$ 5 ,2 5 9 22
.0 0 1 8 4
$43,7 0 6 98
4 4 ,3 5 4 52

88,061 50

E x a m in a t io n , J u n e 21.

M ILLBURY SAVINGS BANK — MILLBURY.
I r a N . G o d d a r d , President.
I r v in g B . S a y l e s , Treasurer.
I r v in g B . S a y l e s , Cleric of the Corporation.

Investment Committee:

I ra N . G o d d a r d , D a m ie n D u c h a r m e , A u g u s t u s S. W
H e n r y W . C a r t e r , G e o r g e J. D u d l e y , Ja c ob R . L in c o l n .

in t e r ,

Incorporated April 10, 1854. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a .m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the fifteenth day of January and J uly.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

265

Millbury Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities.

Public funds,
.
.
.
.
B ank stocks,
.
Railroad b o n d s,.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Expense account,
Taxes paid on m ortgaged prop­
erties, .
.
.
.
.
Deposits in banks, on interest,
D eposits in banks, not on interest, '
Cash on hand, .
.
.
.

$93,0 0 0
41,0 0 0
264,0 0 0
63,0 0 0
2 0 ,0 0 0
5 ,0 6 5
3 1 ,5 0 0
543,9 6 5
284,8 1 4
14,866
2 2 ,0 0 0

00
00
00
00
00
00
00
00
00
31
00

Deposits,
Guaranty fund,
Profit and loss account,
Interest account, .
R ent account,
Reserve profits, .

$1,2 9 0 ,1 9 4 60
6 2,600 00
3 0,490
26 ,6 0 2
312
10,000

25
07
50
00

8 ,9 5 0 00
1,372 34
159
26 ,1 0 0
115
292

26
00
48
03

$1,4 2 0 ,1 9 9 42

Ca sh o n D e p o sit i n B a n k s , A m o u n t
First National Bank, Boston,
M illbury National Bank, Millbury,

in

$ 1 ,4 20,199 42

E ach : —
$ 1,386 60
2 4,828 88

L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
1 share M illbury National Bank, M illbury, .
50 shares Spencer National Bank, Spencer,

Schedule of Securities Owned .

$65 00
5 ,0 0 0 00

Par Value.

Estimated
Market Value.

Book Value.

Public Funds.
City of B a y City, Mich., 5s,
Chicago, 111., 4s,
Kansas City, M o., 4-|s,
Milwaukee, W is., 5s,
N ew Britain, Conn., 4s,
Saginaw, Mich., 4s,
Sioux City, la ., 4-|s,
.
T ow n of W estborough, Mass., 5s,

Bank Stocks.
20
50
23
57
35
25
53
10
30
114
10
30

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Continental N a t’l Bank, Boston,
First W a rd National Bank, Boston, .
Merchants National Bank, Boston, .
N a t’l B ank of Commerce, Boston,
Second National Bank, Boston,
South E nd N a t’l Bank, Boston,
State National Bank, Boston, .
W ebster and Atlas N a t’l B ’k, Boston,
Grafton National Bank, Grafton,
M illbury N a t’l Bank, Millbury,
Mechanics N a t’l Bank, W orcester,
W orcester N a t’l Bank, W orcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
2 0 ,0 0 0

25,000

$5,175
2 0,187
2 6,375
10,150
10,150

00
50
00
00
00

$5,0 0 0 00
2 0 ,0 0 0 0 0

25 ,0 0 0 00

1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0

1 0 ,0 0 0 0 0
1 0 ,0 0 0 0 0

3,000

3 ,052 50

3 ,0 0 0 00

$ 9 3 ,0 0 0

$95,0 9 0 00

$ 9 3 ,0 0 0 00

_
$5,000
2,300
5 ,7 0 0
3 ,500
2 ,500
5,300
1 ,0 0 0

300
11,400
1 ,0 0 0

1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0

00
00
00*
00

$10 0 00

8 ,7 5 0
4 ,8 3 0
9 ,1 2 0
7 ,805
2 ,3 2 5
7,897
1,480
300
11,400

00
00
00
00
00
00
00
00
00

$5 ,0 0 0
2 ,3 0 0
5 ,700
3 ,500
2 ,500
5 ,300

00
00
00
00
00
00

1 .0 0 0 0 0

300 00
11,400 00

3,000

1 ,1 0 0 0 0
6 ,0 0 0 0 0

3 ,0 0 0 00

$41,0 0 0

$61,1 0 7 00

$41,0 0 0 00

* A legal investment when made.

1 ,0 0 0 0 0

[Pub. Doc

REPORT OF THE

266

Millbury Savings Bank — Continued.
Par Value.

Schedule of Securities Owned.

Estimated
Market Value.

Book Value.

Railroad Bonds.
$5,000
7,000
6,000
16,000
5,500
14.000
15.000
16,000
11,000
6,000
25,000
8,000
11,000
5,000
500
15,000
15,000
10,000
10,000
3 0,000
5,000
10,000
18,000

Adirondack R .R . 4-Js,
.
.
.
.
.
Boston & A lb an y R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4-|s,
.
.
.
.
Boston, Revere Beach & L yn n R .R . 4-ls, .
Cedar Rapids & Missouri R iver R .R . 7s, .
Chicago, Burlington & Quincy R .R . 3-Je, .
Chicago & Northwestern R .R . 7s,
Fitchburg R .R . 4s,
.
.
.
.
.
Hannibal & St. Joseph R .R . 6s,
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 3-|-s,
.
.
.
.
Illinois Central R .R . 4s, .
.
.
.
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 4s, .
Maine Central R .R . 5s, .
Maine Central R .R . 7s, .
Minnesota & Iowa R .R . 3£s, .
.
.
.
N ew Y o rk Central & Hudson R iver R .R . 3^s, .
N ew Y ork , New H aven & H artford R .R . 34s, .
N ew Y ork, New H aven & H artford R .R . 4s,
O ttum w a, Cedar Falls & St. Paul R .R . 5s,
Portland & Rum ford Falls R .R . 4s,
St. Johnsbury & Lake Champlain R .R . 5s,

$2 6 4 ,0 0 0

$5 ,5 5 0
7 ,070
6 ,720
17,120
6,292
12,950
17,700
16,220
11,825
4 ,6 8 0
2 2 ,975
8 ,0 8 0
11,027
5 ,000
522
17,100
14,100
9 ,400
9 ,2 0 0
30 ,6 0 0
5 ,100
10,200
21 ,6 0 0

00
00
00
00
50
00
00
00
00
00
00
00
50
00
50
00
00
00
00
00
00
00
00

$2 7 1 ,0 3 2 50

$ 5,000
7,000
6,000
16,000
5 ,500
14,000
15,000
16,000
11,000
6 ,000
25 ,0 0 0
8 ,0 0 0
11,000
5 ,000
500
15,000
15,000
10,000
10,000
30 ,0 0 0
5 ,000
10,000
18,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 2 6 4,000 00

Street Railw ay Bonds.
$ 5,000
10,000
15,000
5,000
13,000
15,000

Boston & Northern Street R ailw ay Com pany 4s,
E ast M iddlesex Street R ailw ay Com pany 5s,
L ynn & Boston Railroad Company 5s,
N aum keag Street R ailw ay Com pany 5s, .
Springfield Street R ailw ay Com pany 4s, .
W e st E nd Street R ailw ay Company 4s,

$4,5 0 0
10,800
16,350
5 ,050
13,130
1 5,300

00
00
00
00
00
00

$ 5,000
10,000
15,000
5 ,000
13,000
15,000

00*
00
00*
00*
00
00

$63,0 0 0

$ 6 5 ,1 3 0 00

$63,0 0 0 00

$20,0 0 0

$20,8 0 0 00

$20,0 0 0 00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3Js,

* Legal investments when m ade.

Totali A m ount of Loans at Specified Rates of Interest.
Amount.

$ 2 6 ,1 0 0 00
4 ,0 0 0 00
2 2 ,5 0 0 00

Rate.

2 4 p e r ce n t.
3|- p e r ce n t.
4 p e r cen t.

$ 3 8 ,8 0 0 00
4 9 9 ,0 6 0 00
5 2 ,5 0 0 00

R e a l E s t a t e f o r B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
Assessed value, .
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

Rate.

Amount.

p e r ce n t.
5 p e r ce n t.
5-j p e r ce n t.

4\

.
.
.

.
.
.

.
.
.

$ 9 2 ,0 4 4 00
9 3 ,0 3 0 00
6 3 ,4 10 00

Rate.

5 £ p e r ce n t.
6 p e r ce n t.
6J p e r ce n t.

$22,000
20,0 0 0
11,800
386

00
00
00
05

O t h e r w is e : —

or

.

.

.

.

.

14,866 31
18,105 00

No. 8.]

BANK COMMISSIONER.

267

Millbury Savings Bank — Concluded.
D e p o sit s a n d W i t h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.
.

.
.

.
.
.

.
.
.

2,366
.
1,470

.
.

123,6 4 4 31
.
.

.
.

446
206
2 ,6 8 0

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

of

250,3 2 5 00
287
6 4,057 57

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
.
July, 1906, 2 per cent.,
.
.
.
D ate

248

Y ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$1,769 00
$644 52
Percentage to total assets,
.0 0 1 2 4
.0 0 0 4 5
fo r

$187,137 53

.

.
.

Total.
$2,413 52
.0 0 1 6 9
$22,9 8 2 63
2 3,889 12

.

46,871 75

E x a m in a t io n , M ar ch 6.

MILTON SAVINGS BANK — MILTON.
H . Cl if f o r d G a l l a g h e r , President.
W il l ia m B . T h u r b e r , Treasurer.
F r e d e r ic k A . G a s k in s , Clerk of the Corporation.

Investment Committee:

H . Cl if f o r d G a l l a g h e r , Ja c ob T a l b o t , N a t h a n ie l H . S t o n e ,
G eo r g e W ig g l e s w o r t h , F r a n c is R . H a r t .

Incorporated M ay 18, 1905.

Open for business Tuesdays and Saturdays, 4 to 7
also Thursdays, 4 to 6 p . m .

p . m .;

Deposits commence to draw interest the second Thursday of March, June, September and
December. Dividends are payable the fourth Thursday of March and September.
B a l a n c e S h e e t , O ct . 31, 1906,

A ssets.

Public funds.
.
.
.
.
Loans on public funds,
Loans on railroad bonds,
Loans on real estate, .
Loans on personal security,.
Deposits in banks, on interest,
Cash on hand, .
.
.
.

L iabilities.

$ 5 ,1 1 5
4 9 ,5 0 0
1 5.000
12.000
4 6,125
1,189
100

00
00
00
00
00*
71
00

Deposits,
Guaranty fund,
Profit and loss ac­
count,
Interest account, .

$129,029 71

$1 2 7 ,6 5 0 35
4 50 61
2 05 83
722 92

$129,029 71

* In excess of the legal limit, since reduced.
Ca sh o n D e p o sit i n B a n k s , A m o u n t i n E a c h : —
City Trust Company, Boston,
Old Colony Trust Company, Boston,
Blue H ill National Bank, Milton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$23 56
198 48
967 67

[Pub. Doc.

REPORT OF THE

268

Milton Savings Bank — Concluded.
L o a n s o n P u b lic F u n d s , A m o u n t o n E ach : —
$13,0 0 0 City of Providence, R . I., 3s,
2 .0 0 0 City of Providence, R . I., 3-gS,
18,200 City of Pittsburgh, Pa., 4s,
1.000 City of Pittsburgh, Pa., 6s,
1.000 City of Pawtucket, R . I., 4 s ,*
5.000 City of Portland, M e., 6s, .
18,000 Kennebec, Me. (W a te r District), 3^s,
L

oans

R

on

B

a il r o a d

on d s,

A mount
R . R . 4s,

$11,0 0 0 Boston & Maine
6 ,000 Fitchburg R .R . 4s,

on

E

•
$ 3 4 ,5 0 0 00

15,000 00

ach

$ 1 0 ,0 0 0 00
5,000 00

.

* N ot a legal investment, and the bank so notified.

S chedule

of

Se c u r itie s O w n e d .

Par Value.

Estimated
Market Value.

$ 5 ,0 0 0

$4,8 4 4 90

Book Value.

Public Funds.
City of Boston, M ass., 3^s,

.

.

.

.

$ 5,115 00

Total Am ount of Loans at Specified, Rates of Interest.

$1,1 89 71
5 ,0 0 0 00

Rate.

Amount.

Rate.

Amount.

2 p e r ce n t.
4 f p e r cen t.

$ 7 6 ,5 0 0 00
3 1 ,0 0 0 00

5 p e r ce n t.
5 J p e r ce n t.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
Num ber of withdrawals during year,
A m ount of same,
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

Rate.

Amount.

$ 1 0 ,1 2 5 00

6

p e r ce n t.

1,681
$ 1 1 7 ,1 4 5 00
297
1 6 ,7 98 4 4
541
56
678

S t a t is t ic s of L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

6 ,1 2 5 00

G ross I n c o m e

3 ,343 57

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$25 00
Am ount paid during year,
.0 0 0 1 9
Percentage to total assets,
• for

ear

_

ID E N D S

DECLARED

D U R IN G

YEA

March, 1906, I f per cent.,
September, 1906, I f per cent.,
D ate

of

E x a m in a t io n , Ju l y 16.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total.
$25 00
.0 0 0 1 9

•

$460 35
1,336 44

1,796 79

No. 8.]

BANK COMMISSIONER.

269

MONSOK SAVINGS BANK — MONSON.
E d w a r d D . C u s h m a n , President.
C h a r l e s A . B r a d w a y , Treasurer.
C h a r l e s A . B r a d w a y , Clerk of the Corporation.

Investment Committee: E d w a r d D . Cu s h m a n , A r t h u r D . N orcross , Ca r lo s M . G a g e ,
L y m a n C. F l y n t .
Incorporated March 29, 1872. Open for business every business day except Saturdays,
9 a . m . to 12 m ., 1 to 4 p . m . ; Saturdays, 9 a . m . to 12 m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first M onday of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

Assets.

L iabilities.

Public funds,
.
.
.
.
B a n k stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.

$ 1 2 3,000
23 ,3 4 0
271,220
5 4,950
35 .0 0 0
4 ,300
100
75
1 ,072,957
82 ,2 1 2
17,798
2 8.000
411
6 5,109
1,182
2 ,0 5 4

00
00
00
00
00
00
00
00
00
00
41
00
75
68
86
83

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
Suspense account,

$1,781,711 53

1,884 45
3 7 ,887 87
1,933 02

$1,781,711 53

C a s h o n D e p o sit in B a n k s , A m o u n t in E a c h : —
Monson National Bank, Monson, .
Northam pton National Bank, Northam pton,
. .
Chapin National Bank, Springfield,
.
Chicopee National Bank, Springfield,
.
Pynchon National Bank, Springfield (in liquidation),
Springfield National Bank, Springfield, .
Springfield Safe Deposit and Trust Company, Springfield,
Third National Bank, Springfield,
.
Union Trust Company, Springfield,
.

$1,182
10,000
10,172
10,150
125
10,000
6,025
10,547
8,088

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
3 shares Monson National Bank, Monson,
20 shares Monson National Bank, Monson,
20 shares Monson National Bank, Monson,
L o a n o n R a il r o a d S t o c k s : —
1 share Boston & A lban y R .R .,

$ 1 ,6 6 1 ,0 0 6 19
79 ,0 0 0 00

86
00
75
00
25
00
73
41
54

$300 00
2 ,0 0 0 00
2 ,0 0 0 00

.

$100 00

Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

P ublic Funds.
County of M iddlesex, Mass., 4s,
City of Brockton, Mass., 4s,
.
Chicago, 111., 4s,
.
Everett, M ass., 4s,
.
Grand Rapids, M ich., 4Js,
Holyoke, M ass., 4s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

.
.
.

.
.
.

.

.

.

$10,000
10,000
10,000
10,000
10,000
10,000

$ 10,175
10,275
10,000
10,300
10,250
10,200

00
00
00
00
00
00

$10,0 0 0
10,000
10,000
10,000
1 0 ,000
10,000

00
00
00
00
00
00

270

[Pub. Doc

REPORT OF THE
Monson Savings Bank — Continued.
Schedule or Securities Owned .

Public Funds — Concluded.
City of Lynn, Mass., 4s,
Malden, Mass., 4s,
Newton, Mass., 4s,
Tow n of Methuen, M ass., 4s, .
Monson, M ass., 4s,
Natick, Mass., 4s,

Par Value.

«1 0 ,0 0 0
10,000
10,000
5,000
18,000
10,000
$ 1 2 3 ,0 0 0

Estimated
Market Value.

$10,100
10,300
10,400
5,150
18,315
10,300

00
00
00
00
00
00

$125,765 00

Book Value.

$ 10,000
10,000
10,000
5,000
18,000
10,000

00
00
00
00
00
00

$123,000 00

Bank Stocks.
12
30
25
5
5
25
90
15
11
25
3

shares First National Bank, Boston,
shares Merchants National Bank, Boston,
shares National B ank of Commerce, Boston,
shares National Exchange Bank, Boston,
shares Trem ont National Bank, Boston,
shares City National Bank, H olyoke, .
shares Monson National Bank, Monson,
shares Palmer National Bank, Palmer,
shares Agaw am National Bank, Springfield,
shares Union Trust Company, Springfield,
shares W a re National Bank, W are,

$ 1,200
3 ,000
2 ,500
500
'
175
2,500
9 ,0 0 0
1,500
165
2,500
300

$3,540
6,300
4 ,000
800
5
2,925
10,800
1,500
55
4 ,375
330

00
00
00
00
00
00
00
00
00
00
00

$ 1 ,200
3,000
2,500
500
175
2,500
9 ,000
1,500
165
2 ,500
300

00
00
00
00
00
00
00
00
00
00
00

$ 2 3 ,3 4 0

$34,6 3 0 00

$23,340 00

$10,000
15,000
2 0,000
10,000
2 0,000
18,000
10,000
10,000
10,000
10,000
2 0,000
2 0,000
10,000
10,000
10,000
10,000
3 0,000
10,000
10,000
10,000

$10,100
15,100
2 0,550
10,150
18,500
18,352
11,200
10,150
10,350
10,350
20,225
18,400
9 ,500
10,050
9,400
9,400
3 0,700
10,250
10,400
9 ,3 0 0

$ 10,000
15,000
20,000
10,000
19,425
18,000
10,000
10,000
10,000
10,000
2 0,000
19,400
10,000
10,000
9 ,912
9 ,982
3 0,000
10,000
10,000
9 ,5 0 0

Railroad Bonds.
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 4s,
Boston & Providence R .R . 4 s ,.
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 4^s,
Concord & Montreal R .R . 4s, .
Connecticut R iver R .R . 4s,
Connecticut & Passumpsic Rivers R .R . 4s,
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3-Js,
Lake Shore & Michigan Southern R .R . 3Js,
Maine Central R .R . 4s, .
.
.
.
Michigan Central R .R . 3 js,
N ew Y ork Central & H udson R iver R .R . 3Js,
N ew Y ork , N ew H aven & H artford R .R . 4s,
Norwich & W orcester R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
Sioux C ity & Pacific R .R . 3-|s,

$27 3 ,0 0 0

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$272,427 50

00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
50
00
00
00
00

$271,220 00

Street Railway Bonds.
Boston Elevated R ailw ay Company 4s,
Boston & Northern Street R ailw ay Company 4s,
Springfield Street R ailw ay Com pany 4s, .
W e s t E nd Street R ailw ay Com pany 4s,

$ 1 0 ,0 0 0
10,000
2 5,000
10,000

$ 10,225
9,000
25,250
10,200

$55,0 0 0

$54,675 00

$54,9 5 0 00

$35,000

$36,400 00

$35,0 0 0 00

00
00
00
00

$10,0 0 0
9,950
25,0 0 0
10,000

00
00 *
00
00

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A legal investm ent when made.

BANK COMMISSIONER.

No. 8.]

Monson Savings Bank —

271

C onclud ed .

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$65,109 68
17,350 00

Rate.

3

per cent,
per cent.

Amount.

Amount.

Rate.

$1,124,419 00
7,000 00

5 per cent.
5£ per cent.

R e a l E st a t e fo r B a n k in g P u r po ses
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.
R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.
N et income during year,
.

:—
.
.
.
.

$10,8 7 5 00

O t h e r w is e : —
.
.
.
.
.
.
.
.

.
.
.

.

.
.

.
.
.

.
.
.
.

.
.

.
.

.
.

.
.
.
.

.
.

.

Y

d u r in g

Y

ear,

.

.

.
.

.

.

of

2 03,573 45

489
272
3,371

.

.

2 02,216 84

2 84
.
.

5 4 2 ,1 1 4 00

.

.

403
.

.

79,723 13

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906, 2 per cent., .
.
D ate

2,663
.
1,968
.

.

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, .
$ 2,700 00
$601 21
Percentage to total assets, .
.0 0 1 5 1
.0 0 0 3 4
for

00
00
00
46

17,798 41
1 5,500 00
9 80 97

S t a t ist ic s of L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Numbers of loans secured b y mortgage of real estate,
r e c e iv e d

per cent.

$28,0 0 0
2 8,000
18,000
636

.
.
.
.

.

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

G ross I n c o m e

6

or

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.

T o ta l E x p e n s e s

Rate.

.
.

.

.
.

Total.
$3,301 21
.0 0 1 8 5
$31,507 49
3 2 ,1 0 6 56

6 3 ,6 1 4 05

E x a m in a t io n , Ju l y 13.

NANTUCKET INSTITUTION FOR SAVINGS — NANTUCKET.
D a v id F o l g e r , President.
G eo r g e H . B r o c k , Treasurer.
G e o r g e H . B r o c k , Clerk of the Corporation.

Investment Com m ittee: D a v id F o l g e r , Ch a r l e s E . S n o w , A l m o n T . M o w r y ,
H e n r y B r o w n , D a v id P a r k e r , H e n r y P. B r o w n .
Incorporated April 2, 1834. Open for business every business day from M ay to Novem ber,
9 a . m . to 1 p . m .; Novem ber to M ay, 10 a . m . to 1 p . m .
Deposits commence to draw interest the first M onday of January, April, July and October.
Dividends are payable the second M onday of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

272

Nantucket Institution for Savings — Continued.
B a l a n c e S h e e t , ( O ct . 31, 1908.
L iabilities .

A ssets.

$ 4 6 ,0 0 0
8 ,7 0 0
9 5 ,5 0 0
12 ,0 0 0
2 0 ,0 0 0
3 ,0 0 0
4 2 0 ,4 1 0
97 ,2 0 3
9 50
4 ,5 0 0
634
19 ,0 9 6
922

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Company bonds,
Loans on bank stocks,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 6 7 4,120 98
34,1 3 0 22

Deposits,
Guaranty fund, .
Profit and loss ac­
count,

00
00
00
00
00
00
00
00
00
00
57
28
79

2 0 ,6 6 5 44

$728,9 1 6 64

$ 7 2 8 ,9 1 6 64

C a s h o n D e p o sit in B a n k s , A m o u n t
Eliot National Bank, Boston,
Pacific National Bank, Nantucket,

in

E ach : —
.

$11,5 6 7 18
7,529 10

.

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
22 shares Pacific National Bank, Nantucket, .
9
shares Merchants National Bank, New Bedford,

Par Value.

Schedule of Securities Owned .

$ 2,200 00
800 00

Estimated
Market Value.

Book Value.

Public Funds.
City of B a y City, M ich., 4s,
Beverly, Mass., 4s,
.
Grand Rapids, M ich., 41,-s,
Middletown, Conn., 31s,
Rockford, 111., 4Js,
.
Saginaw, M ich., 41s,
.
Sioux City, la ., 4j-s,
.
Town of Billerica, Mass., 4s, .

.

.

.

.
.
.
.

.
.
.
.

.
.
.
.

$3,000
1,000
10,000
3 ,000
4 ,000
5,000
15,000
5,000
$46,000

$3,0 6 0
1,010
10,300
2 ,895
4 ,2 4 0
5 ,200
15,600
5 ,1 5 0

00
00
00
00
00
00
00
00

$ 4 7 ,4 5 5 00

$3 ,0 0 0
1,000
10,000
3 ,0 0 0
4 ,0 0 0
5 ,0 0 0
15,000
5 ,0 0 0

00
00
00
00
00
00*
00
00

$ 4 6 ,0 0 0 00

Bank Stocks.
10
10
15
10
8
10
10
10
5
10

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

B oylston National Bank, Boston,
Continental N a t’l Bank, Boston,
Eliot National Bank, Boston,
Faneuil H all National Bank, Boston, .
Metropolitan N a t’l Bank, Boston,
National Exchange Bank, Boston,
Old Boston National Bank, Boston,
South E n d National Bank, Boston,
N a t’l Bank of Fairhaven, Fairhaven, .
Pacific N a t’l Bank, Nantucket,

$1,000
—
1,500
1,000
800
1,000
1,000
1,000
40 0
1,000
$ 8,700

$1 ,0 0 0
50
3 ,000
1,450
952
1,600
1,100
930
400
1,300

00
00
00
00
00
00
00
00
00
00

$ 1 ,000 00
—
1,500 00
1,000 00
800 00
1,000 00
1,000 00
1,000 00
4 00 00
1 ,000 00

$11,7 8 2 00

$ 8 ,7 0 0 00

Railroad Bonds.
Boston & Lowell R .R . 4s,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
.
Chicago, Burlington & Quincy R .R . 3-|s, .
Grafton & U pton R .R . 4s,
.
.
.
.
Illinois Central R .R . 3J>s,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000
5 ,000
2 2,000
5 ,000
17,000

* Legal investments when made.

$1 ,0 0 0
5 ,125
20 ,3 5 0
3 ,8 3 4
15,640

00
00
00
00
00

$1,0 0 0
5 ,0 0 0
2 2 ,0 0 0
5 ,0 0 0
1 7,000

00
00
00
00*
00

No. 8.]

BANK COMMISSIONER

273

Nantucket Institution for Savings — Concluded.
Par Value.

Schedule o r Securities Owned.

Railroad Bonds — Concluded.
Illinois Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 7s, .
N ew Y ork , New H a ven & H artford R .R . 4s,
U pper Coos R .R . 4s,
U pper Coos R .R . 4£s,
.
.
.
.
.
W inona & St. Peters R .R . 7s, .

$ 8 ,0 0 0
5 ,000
15,000
500
10,000
7,000

Estimated
Market Value.

$ 8 ,1 6 0
5 ,7 5 0
1 5 ,050
500
10,700
8 ,7 5 0

00
00
00
00
00
00

Book Value.

$ 8 ,0 0 0
5 ,0 0 0
1 5,000
5 00
1 0,000
7 ,0 0 0

00
00
00
00
00
00

$ 9 5 ,5 0 0

$ 9 4 ,8 5 9 00

$ 9 5 ,5 0 0 00

$ 2,000
10,000

$ 2 ,0 2 0 00
10,100 00

$2 ,0 0 0 00
1 0 ,000 00

$ 1 2 ,0 0 0

$ 1 2 ,1 2 0 00

$ 1 2 ,0 0 0 00

$ 2 0 ,0 0 0

$ 2 0 ,8 0 0 00

$ 2 0 ,0 0 0 00

Street R ailw ay Bonds.
W e st E nd Street R ailw ay Company 4s,
Springfield Street R ailw ay Com pany 4s,

.

Boston Terminal Com pany Bonds.
Boston Terminal Com pany 3 ^s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$19,096 28
18,500 00

Rate.

Amount.

Rate.

2% per cent.
4 § per cent.

$281,191 00
35,0 0 0 00

5 per cent.
5J per cent.

Amount.

$21,700 00
164,222 00

R e a l E st a t e for B a n k in g P u r p o se s : —
A m ount invested,
.
.
.
.
.
Estim ated value,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.s
R e a l E s t a t e b y F o r e c l o su r e
Am ount invested,
.
.
Assessed value, .
.
.

or

.

O t h e r w is e : —
.
.
.
.

9 1 ;95 2 49
107,746 52
159
138
1,550

Y

d u r in g

of

E x a m in a t io n , A u g u s t 23


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

2 0 1 ,9 5 2 00
255
33 ,5 1 4 17

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
D ate

21 8

Y ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $1 ,6 0 0 00
$379 85
Percentage to total assets, .
. 00219
.0 0 0 5 2
fo r

9 5 0 00
1,250 00

1,274

S t a t is t ic s o f L o an s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

00
00
00
55

1,126

D e p o sit A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0 6 ,.

G ross I n c o m e

5J per cent.
6 per cent.

$ 4 ,5 0 0
4 ,5 0 0
5 ,0 0 0
2 95

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.

T o ta l E x p e n s e s

Rate.

and

.
.
24.

.
.

.
.

Total.
$ 1,979 85
.0 0 2 7 1
$ 1 2 ,8 6 5 53
1 3 ,0 5 5 80

25,921 33

REPORT OF TH E

274

[Pub. Doc

NATICK FIVE CENTS SAVINGS BANK — NATICK.
H e n r y C. M u l l ig a n , President.
F r e d e r ic k O. B a s t o n , Treasurer.
F r e d e r ic k O. B a s t o n , Clerk of the Corporation.

Investment Committee:
H

enry

W il l ia m N u t t , F r a n c is B ig e l o w , F r a n k H . H a y e s ,
C. M u l l ig a n , W a l t e r B . R o b in s o n , C h a r l e s A . P o o k e .

Incorporated April 5, 1859.

Open for business every business day, 9

a .m .

to 3

p .m .

Deposits commence to draw interest the first day of February, M ay, A ugust and
Novem ber. Dividends are payable the second Tuesday of M ay and Novem ber.
B a l a n c e S h e e t , O ct . 31, 1906.
............... ......

..

i

L iabilities .

A ssets.

$ 4 0 1,000
47 ,8 0 0
4 6 3 .0 0 0
170.000
500
975
164,395
1,200
1,749,945
8 3 ,079
19,652
7 ,0 0 0
27,356
2 ,6 5 7
80,4 6 6
5,891

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loan on public funds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
R eal estate in possession,
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$2,9 5 3 ,2 3 9 89
147,600 00

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

00
00
00
00
00
00
80
00
00
10
82
00
91
17
02
05

83,971 20
40,107 78

$ 3 ,2 24,918 87

$ 3 ,2 2 4 ,9 1 8 87

C a s h o n D e p o sit in B a n k s , A m o u n t in E ac h : —
First National Bank, Boston,
.
.
National Bank of the Republic, Boston,
New England National Bank, Boston, .
N atick National Bank, Natick,

$30,0 0 0 00

10,000 00
10,000 00
3 0.466 02

L o a n o n P u b l ic F u n d s : —
$ 1,000 City of Taunton, Mass., 4s,

$500 00

L o a n o n B a n k St o c k s : —
12 shares N atick National Bank, Natick,

$975 00

Par Value.

Schedule of Securities Owned .

Estimated
Market Value.

Book Value.

P ublic Funds.
C ity of Akron, O., 4-J-s, .
Altoona, Pa., 4s , .
Beverly, Mass., 4s,
Boston, M ass., 4s,
Burlington, V t., 4s,
Chicago, 111., 4s,
D ayton, O., 4s, .
Fall River, Mass., 5s,
Lynn, Mass., 4s,
Malden, Mass., 4s,
M cKeesport, Pa., 4s,
Newton, Mass., 4s,
Pittsfield, Mass., 3Js,
Quincy, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.

.

.

.

.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

$10,000
8,000
12,000
2 5,000
6,000
2 0,000
16,000
16,000
13,000
13,000
10,000
25,000
9,000
1,000

$10,4 1 5
8 ,000
12,175
2 5,625
6 ,090
2 0,100
16,320
16,470
13,040
13,100
10,300
2 5,472
8,977
1,005

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$10,0 0 0
8 ,000
12,000
25,0 0 0
6 ,000
20 ,0 0 0
16,000
16,000
13,000
13,000
10,000
2 5,000
9 ,0 0 0
1.000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

275

BANK COMMISSIONER

N o. 8.]

Natick Five Cents Savings Bank — Continued.
Par Value.

Schedule of Secueities Owned.

Public Funds — Concluded.
City of Somerville, Mass., 4s, .
.
Springfield, O., 4s,
.
.
Springfield, O., 5s,
.
.
Tow n of Foxborough, Mass., 4s,
Georgetown, Mass., 4s,
.
Natick, Mass., 3Js,
.
Natick, Mass., 4s,
Orange, Mass., 4s,
.
.
W ellesley, Mass., 4s, .
W estfield, Mass., 4s, .
.

.
.
.

.
.
.
.

.

.

.

.

$5,000
6,000
12,000
9,000
5,000
117,000
30,000
6,000
21,000
6,000
$4 0 1 ,0 0 0

Estimated
Market Value.

$5 ,0 5 0
6 ,060
12,590
9 ,0 4 0
5 ,020
114,660
30 ,9 1 0
6,073
21,239
6,037

00
00
00
00
00
00
00
00
00
00

$403,768 00

Book Value.

$ 5 ,0 0 0
6 ,000
12,000
9 ,0 0 0
5 ,000
117,000
30 ,0 0 0
6 ,000
2 1 ,0 0 0
6 ,0 0 0

00
00
00
00
00
00
00
00
00
00

$ 4 0 1,000 00

Bank Stocks.
7
5
9
46
10
46
30
15
10
20
6
5
55
32
33
7
120
17

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Boylston National Bank, Boston,
Continental N a t’l Bank, Boston,
First National Bank, Boston, .
Merchants National Bank, Boston, .
Metropolitan N a t’l Bank, Boston,
N a t’l Bank of Commerce, Boston.
N a t’l Bank of the Republic, B o sto n ,.
National Exchange Bank, Boston,
Second National Bank, Boston,
South End National Bank, Boston, .
State National Bank, Boston, .
W ebster and A tlas N a t’l B ’k, Boston,
H om e National Bank, Brockton,
First National Bank, Chelsea, .
Dedham National Bank, Dedham,
W achusett N a t’l Bank, Fitchburg, .
Natick National Bank, Natick,
Framingham National Bank, South
Framingham,
.
.
.
.
10 shares First National Bank, W e st New ton, .

$700
—
900
4 .6 0 0
1,000
4 ,600
3 ,000
1,500
1,000
2 ,000
600
500
5 ,500
3 ,200
3,300
700
12,000

$700
25
2 ,655
9 ,6 6 0
1,190
7 ,360
4 ,9 5 0
2 ,4 0 0
2 ,2 3 0
1,860
894
740
9 ,9 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00

3 ,6 3 0 00
700 00
19,200 00

$700 00
9 00 00
4 ,6 0 0 00
1,000 00
4 ,6 0 0 00
3 ,0 0 0 00
1,500 00
1,000 00
2 ,0 0 0 00
600 00
500 00
5 ,5 0 0 00
3 ,2 0 0 00
3 ,3 0 0 00
700 00
12,000 00

1,700
1,000

2 ,2 1 0 00
1,400 00

1,700 00
1,000 00

$ 4 7 ,8 0 0

$ 7 1 ,7 0 4 00

$47,8 0 0 00

$11,000
32,000

$11,1 1 0 00
3 2,287 00

$11,0 0 0 00
32 ,0 0 0 00

17,000
5,000
3 9 ,000
4 ,000
13,000
10,000
2,000
4 4,000
9,000
20,000
37,000
1 00,000
3 8,000
8,000
2 1,000
4 0,000
1,000
12,000

17,510
5 ,500
39 ,7 7 0
4 ,3 2 0
13,195
10,100
2 ,005
4 4 ,4 4 0
9 ,4 5 0
2 0,100
42 ,9 2 0
100,585
39 ,3 2 5
8 ,240
2 1,315
41 ,4 0 0
1,025
12,260

17,000
5 ,0 0 0
39 ,0 0 0
4 ,0 0 0
13,000
10,000
2 ,000
4 4 ,0 0 0
9 ,000
2 0,000
37 ,0 0 0
100,000
3 8,000
8 ,000
21,0 0 0
40,0 0 0
1,000
12,000

-

Railroad Bonds.
Boston & A lb an y R .R . 4s,
Boston & Lowell R .R . 4s,
.
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5 s , .........................................................................
Burlington & Missouri River R .R . 6s,
Chicago, Burlington & Quincy R .R . 4s,
Chicago, Burlington & Quincy R .R . 5s,
Concord & Montreal R .R . 4s, .
.
.
.
D exter & Piscataquis R .R . 4s,
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Grand River V alley R .R . 6s, .
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 7s, .
N ew Y ork, New H aven & Hartford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
.
Pittsburgh, Virginia & Charleston R .R . 4s,
Portland & Ogdensburg R .R . 5s,
Verm ont V alley R .R . 5s,
.
.
.
.
W in o n a & St. Peters R .R . 7s, .
W orcester, Nashua & Rochester R .R . 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$463,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$476,857 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$463,0 0 0 00

\

276

REPORT OF THE

[Pub. Doc.

Natick Five Cents Savings Bank — Concluded.
Schedule

of

Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

Street Railway Bonds.
Boston Consolidated Street R ailw ay Co. 5s,
Boston Elevated R ailw ay Company 4s,
Springfield Street R ailw ay Company 4s, .
W e st End Street R ailw ay Com pany 4s,
W e st End Street R ailw ay Com pany 4-|s, .

$3,000
4 0.000
2 0.000
105,000
2,000
$1 7 0 ,0 0 0

$3 ,0 0 0
41 ,0 0 0
20,2 0 0
105,703
2 ,070

00
00
00
00
00

$ 3,000
40 .0 0 0
20.0 0 0
105,000
2 ,0 0 0

$ 1 7 1,973 00

00
00
00
00
00

$17 0 ,0 0 0 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$50,466 02
30,000 00
43,6 0 0 00

Rate.

2

per cent.

2\ per cent.
3.j per cent.

Amount.

Rate.

Amount.

$ 1 2 3,895 80
2 3,900 00
10,000 00

4 per cent.
4|- per cent.
4 f per cent.

$1,6 7 9 ,1 4 8 10
4 9 ,6 1 5 00
69 ,9 3 6 00

R e a l E s t a t e fo r B a n k in g P u r p o se s
Am ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

:—
.
.
.

.
.
.

.
.
.

D e p o sit A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1 9 0

.
.
6

,

.
.
.

.
.

.

.
.
.

.

12,278
626,4 1 4 77
’ 7,338
5 2 3 ,4 6 0 06

.
.
.

.

.

S t a t is t ic s of L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I nco m e

r e c e iv e d

T otal E x p e n se s

d u r in g

Y

878
1,208 ,9 4 6 90
911
143,247 98

fo r

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905, 2 per cent.,
.
.
M ay, 1906, 2 per cent.,
.
.
.
of

1,319
812
10,912

ear,

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 4,237 45
$ 1,272 03
Percentage to total assets, .
. 00130
.0 0 0 4 0

D ate

5 per cent.
5J per cent.
6 per cent.

$19,652 82
2 4,775 00

.

.

Rate.

$27,356 91
25,000 00
2 9 ,6 0 0 00

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.

1

E x a m in a t io n , M ar ch 12.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

Total.
$5,509 48
.0 0 1 7 0
$51,170 16
5 3,042 78

104,212 94

No. 8.]

BANK COMMISSIONER

277

N E W BEDFORD FIVE CENTS SAVINGS BANK —
N E W BEDFORD.
L otjm S n o w , President.
W il l ia m H . P it m a n , Treasurer.
J a m e s T a y l o r , Clerk of the Corporation.

Investment

Committee :
L oum
Sn o w , T h o m as
W il c o x , W il l ia m
R . W in g ,
P a r k m a n M. L u n d , O tis N . P ie r c e , W il l ia m B a y l ie s , A n d r e w G . P ie r c e , Jr.,
A r t h u r L . T u c k e r , W il l ia m O. D e v o l l .

Incorporated April 14, 1855.

Open for business every business day, 9
also Saturdays, 7 to 9 p .m .

a .m .

to 1 P.M.;

Deposits commence to draw interest the second W ednesday of January, April, July
and October. Dividends are payable the second W ednesday of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.

Liabilities .

Assets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad b o n d s,.
Street railway bonds,
Loans on public funds,
Loan on bank stocks,
Loans on railroad bonds,
Loans to counties, cities, towns,etc.,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 ,3 27,000
146,000
872,597
8 8 ,000
7 5,000
800
150,000
368,700
1,320
2,955 ,9 7 3
2 ,953,509
146,518
92 ,0 0 0
1,658
170,639
14,713

00
00
50
00
00
00
00
00
00
50
00
49
00
23
82
22

Deposits,
Guaranty fund, .
Interest account, .
Suspense account,
R ent account,
Surplus fund,

$ 9 ,3 64,429 76

$ 8 ,8 5 1 ,8 5 6
4 1 1 ,0 0 0
22 ,9 7 5
89
1,545
76,963

42
00
04
98
30
02

$ 9 ,3 6 4 ,4 2 9 76

Ca s h o n D e p o s it in B a n k s , A m o u n t in E ach : —
First National Bank, Boston,
.
.
.
.
W ebster and Atlas National Bank, Boston,
First National Bank, New Bedford,
Mechanics National Bank, New Bedford,
Merchants National Bank, New Bedford,
Pynchon National Bank, Springfield (in liquidation),
Third National Bank, Springfield,

$ 8 1 ,8 2 5
1,151
4 ,0 4 7
4 0 ,6 1 4
2 1,930
165
20 ,9 0 4

L o a n s o n P u b l ic F u n d s , A m o u n t o n E ach : —
$26,0 0 0 Hartford, Conn., 3Js,
.
.
.
.
26 .0 0 0 Hartford, Conn., 3^s,
.
.
.
.
3 0 .000 Kennebec, Me. (W a ter District), 3^s, .

$ 2 5 ,0 0 0 00
2 5 .0 0 0 00
25.0 0 0 00

L o a n o n B a n k St o c k s : —
4 shares Mechanics National Bank, N ew Bedford, .
1 share Merchants National Bank, New Bedford, .
3 shares First National Bank, New Bedford, .
L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$ 1 5 ,0 0 0 Chicago, Burlington & Quincy R .R . 3^s,
19.000 Chicago, Burlington & Quincy R .R . 4s,
2 5 .0 0 0 New Y ork , New H aven & H artford R .R . 3-)s,
50 .0 0 0 Chicago, Burlington & Quincy R .R . 4s,
3 .0 0 0 Boston & Maine R .R . 4-§s,
7 .000 Chicago, W isconsin & M innesota R .R . 6 s,*
5 5.000 Chicago, Burlington & Quincy R .R . 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Taken as additional security.

79
76
29
56
24
73
45

$800 00

$ 5 0 ,0 0 0 00

50 .0 0 0 00
50 .0 0 0 00

278

REPORT OF THE

[Pub. Doc

New Bedford Five Cents Savings Bank —
Schedule

of

Securities Owned.

Par Value.

C ontin ued.

Estimated
Market Value.

Book Value.

P ublic Funds.
Massachusetts 3^s , .
.
.
.
.
.
C ity of B a y City, M ich., 4s,
.
.
.
.
B a y City, M ich., 5s,
Boston, M ass., 3^s,
.
.
.
.
Boston, Mass., 4s,
.
.
.
.
Chicago, 111., 4s,
.
.
.
.
Danbury, Conn., 4s,
.
.
.
.
Dayton, 0 ., 4s, .
.
.
.
.
D ayton, O ., 5s, .
Detroit, Mich., 4s,
.
.
.
.
Fall River, Mass., 4s, .
Fall River, Mass., 5s, .
Grand Rapids, M ich., 5s,
H olyoke, Mass., 3-J-s, .
.
.
.
Holyoke, Mass., 4s,
.
.
.
.
Kansas City, M o., 4s, .
.
.
.
Kansas City, M o., 4üs,
Lynn, Mass., 4s,
.
.
.
.
Manchester, N . H ., 4s , .
.
.
.
Meriden, Conn., 4s,
.
.
.
.
Milwaukee, W is., 3|-s, .
.
.
.
New Bedford, Mass., 4s,
New ton, Mass., 4s,
.
.
.
.
Pittsburg, Pa., 4s,
.
.
.
Saginaw, Mich., 5^s,
.
.
.
.
Taunton, Mass., 3 ts, .
.
.
.
W illim antic, Conn., 4s,
T ow n of Middleborough, Mass. (Fire District), 4s,

$ 1 5 0,000
13,000
5 ,000
5 0,000
85 ,0 0 0
2 0,000
3 0,000
25,0 0 0
48,0 0 0
5 0,000
130,000
17,000
5 0,000
5 0,000
3 2,000
25,000
45 ,0 0 0
2 5,000
50,000
2 0 ,000
4 0 ,000
183,000
50,000
2 5,000
10,000
5 0,000
10,000
39,000
$ 1 ,3 27,000

$152,2 5 0
13,060
5,575
48 ,5 0 0
88,175
20,200
3 0.600
25,750
48 ,4 8 0
5 1,750
132,450
17,425
5 1,000
4 8,500
3 2,320
2 5,750
4 7,250
25,750
50,250
20,100
39,200
188,640
51,000
25,375
10,900
4 8,250
10,400
39,487

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50

$ 1 5 0,000
13,000
5 ,000
50,0 0 0
8 5 ,0 0 0
20,0 0 0
30,0 0 0
25,0 0 0
4 8 ,0 0 0
50,0 0 0
130,000
17,000
50,0 0 0
50,0 0 0
3 2 ,0 0 0
25,0 0 0
45,0 0 0
25,0 0 0
50 ,0 0 0
2 0,000
4 0 ,0 0 0
183,000
50 ,0 0 0
2 5 ,000
10,000
5 0 ,000
10,000
3 9 ,000

00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00

$ 1 ,3 48,387 50 $ 1 ,3 27,000 00

Bank Stocks.
100
40
15
2 00
100
325
12
568
100

shares'
shares
shares
shares
shares
shares
shares
shares
shares

Merchants National Bank, Boston, .
National Shawmut Bank, Boston,
State National Bank, Boston, .
M etacom et N a t’l Bank, Fall River,
Franklin National Bank, Franklin, .
First National Bank, New Bedford, .
Mechanics N a t’l Bank, New Bedford,
Merchants N a t’l Bank, New Bedford,
Third National Bank, Springfield,

$ 10,000
4,000
1,500
20,000
10,000
3 2,500
1,200
5 6,800
10,000
$146,000

$21,000
10,920
2,235
27,000
12,500
4 3 ,225
1,860
115,304
20,000

00
00
00
00
00
00
00
00
00

$254,044 00

$10,0 0 0
4 ,0 0 0
1,500
20 ,0 0 0
10,000
32 ,5 0 0
1,200
5 6,800
10,000

00
00
00
00
00
00
00
00
00

$ 1 4 6,000 00

Railroad Bonds.
Boston & A lb an v R .R . 3-Js,
.
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3Js,
.
.
.
.
Boston & Maine R .R . 4s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 31s, .
Chicago, Burlington & Quincy R .R . 4s,
Connecticut R iver R .R . 3^s, .
.
.
.
Fitchburg R .R . 31s,
.
.
.
.
.
Fitchburg R .R . 4 s ,.
Illinois Central R .R . 31s,
.
.
.
.
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Michigan Central R .R . 31s,
.
.
.
.
N ew Y ork & New England R .R . 4s,
N ew Y ork, New H aven & H artford R .R . 31s, .
N ew Y ork, New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$25,000
8 9,000
35,000
5 0,000
101,000
2 4,000
5 0,000
2 5,000
50,000
5 1,000
2 5,000
5 0,000
2 0,000
2 5,000
125,000
130,000
$875,000

Legal investm ents when made.

$23,625
89,000
3 3,600
51,500
9 3,425
24,120
4 8,000
23,875
5 0 ,000
4 6,920
25,062
4 7,000
20,600
22,875
127,000
133,250

00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

$859,852 50

$ 2 5 ,0 0 0
89 ,0 0 0
35 ,0 0 0
5 0,000
99 ,1 6 2
24 ,0 0 0
50,0 0 0
25,0 0 0
50,0 0 0
50,9 3 5
25,0 0 0
49,5 0 0
20.0 0 0
25,0 0 0
125,000
130,000

00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00

$8 7 2 ,5 9 7 50

No. 8.]

BANK COMMISSIONER.

279

New Bedford Five Cents Savings Bank — Concluded.
Schedule of Securities Owned .

Par Value.

Estimated
Market Value.

Book Value.

$13,000
2 5.000
5 0.000

$13,9 1 0 00
25 ,2 5 0 00
51 ,0 0 0 00

$ 1 3 ,0 0 0 00
2 5 .0 0 0 00
50 .0 0 0 00

$88,000

$ 9 0 ,1 6 0 00

$88,0 0 0 00

Street R ailw ay Bonds.
D artm outh & W estport Street R y . Company 5s,
Springfield Street Railw ay Com pany 4s, .
W e st End Street R ailw ay Company 4s,

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$53,696
8 5,873
3 0,904
19,200
2 0 0 ,0 0 0
50 ,0 0 0

Rate.

56
08
45
00
00
00

Amount.

2 per cent.
2^ per cent.
3 per cent.
4 per cent.
4£ per cent.
4 ^ per ct.

$ 3 0 ,0 0 0
5 6 5 ,6 2 0
426.0 0 0
170.000
2,357 ,3 2 5

Rate.

00
00
00
00
00

Amount.

4 ^ j Per ct.
4J per cent.
4 f per cent.
4$ per cent.
5 per cent.

$1 5 8 ,1 0 0
2,095,471
125,000
285,751
2 3,000

Rate.

00
50
00
73
00

5
5^
5f
6
6J

per
per
per
per
per

cent.
cent.
cent.
cent.
cent.

R e a l E st a t e fo r B a n k in g P u r po ses : —
Am ount invested,
.
.
.
.
.
Estim ated value,
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.

$ 9 2 ,0 0 0
115,000
94,3 7 5
2,233

R e a l E s t a t e b y F o r e c lo su r e or O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.

146,518 49
122,950 00
2,027 36

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
D e p o sit A c counts : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

.
.
.

.

.
.

.

.

.

.
.
.
.

.
.
.

.
.
.

.
.
.

.
.
.
.
.

.

.
.
.

S ta t ist ic s of L o a n s : —
Num ber not exceeding $ 3,000 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I nco m e

r e c e iv e d

T o ta l E x p e n s e s

Y

of

1 ,675,677 33

4,206
2,842
28,857
996
1,273,633 50
.

1,172

ear

E x a m in a t io n , O c t o b er 29


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 ,865,941 84

403,457 64

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
October, 1906, 2 per cent., .
D ate

.

36,188
.
19,752
.

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$16,450 00
$5 ,5 0 2 39
Percentage to total assets, .
.0 0 1 7 6
.0 0 0 5 8
fo r

Y

d u r in g

.

00
00
00
34

and

Total.
$ 21,952 39
.0 0 2 3 4
$161,189 94
165,383 42

30.

326,5 7 3 36

[Pub. Doc

REPORT OF THE

280

N E W BEDFORD INSTITUTION FOR SAVINGS —
N E W BEDFORD.
W

il l ia m

W . Cr a p o , President.
G e o r g e H . B a t c h e l o r , Treasurer.
(Office vacant) Clerk of the Corporation.

Investment C om m ittee: W

il l ia m W . C r a p o , T h o m as B . T r ip p , O l iv e r P r e sc o t t , Jr.,
C l a r e n c e A . C o o k , G id e o n A l l e n , Jr., E d w a r d T . P ie r c e , T h o m as S. H a t h a w a y .

Incorporated June 16, 1825.

Open for business every business day, 9
Saturdays, 7 to 9 p . m .

a .m .

to 1

p . m .;

also

Deposits commence to draw interest the first M onday of January, April, July and
October. Dividends are payable the first M onday of April and October.

B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities .

A ssets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds,
Street railway b o n d s,.
Loans on public funds,
Loans on bank stocks,
Loans on railroad bonds,
Loans to counties, cities, tow ns,etc.,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc.,
R eal estate in possession, .
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 2 ,3 04,975
706,0 6 0
2 ,9 5 3 ,0 5 0
250,0 0 0
130,000
2 9,200
130,600
1 ,3 0 3 ,9 8 0
500
3,647 ,6 5 9
5,0 4 9 ,0 3 8
19,176
17,500
150,000
1,634
412,7 8 0
3 5,587

00
00
00
00
00
00
00
00
00
30
34
62
00
00
91
49
05

Deposits,
G uaranty fund, .
Profit and loss account,
Interest account, .

C a s h o n D e p o s it in B a n k s , A m o u n t i n E a c h : —
First National Bank, Boston,
.
.
.
.
International Trust Company, Boston, .
.
.
National Shawm ut Bank, Bos t on, .
.
.
.
First National Bank, New Bedford,
.
.
.
Mechanics National Bank, New Bedford,
.
.
Merchants National Bank, New Bedford,
.
.
Pynchon National Bank, Springfield (in liquidation),
E ach : —
3^s,
.
.
.
.
.
3-|s,
.
.
.
.
.

.
.
.
.
.
.

$198,083
8 1,088
50,961
26 ,0 2 4
28 ,0 5 0
27 ,5 6 4
1,006

52
60
29
82
84
43
99

.

.

.

.
.

$25,0 0 0
5 ,000
50 ,0 0 0
5 0,000

00
00
00
00

.
.
.
.
.
.

on

.
.

.
.

.

.

L oans on B a n k Sto cks, A m o u n t on E ach : —
25
shares Falm outh National Bank, Falm outh,
100 shares M artha’s Vineyard National Bank, Vineyard H aven,
200 shares First National Bank, Chelsea,*
.
.
.
.
8 shares Mechanics National Bank, New Bedford,
24
shares First National Bank, New Bedford,
L o a n s o n R a il r o a d B o n d s , A m o u n t o n E a c h : —
$1 ,0 0 0 Chicago, Burlington & Quincy R .R . 3^s,
1 10,000
Boston & Maine R .R . 4s, .
.
.
.
.
3 0 .0 0 0 Lake Shore & Michigan Southern R .R . 3-J-s,
4 .0 0 0 Massachusetts 3-j-s, .
.
.
.
.
.
1.000 City of Portsmouth, N . H ., 4s, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

80 ,6 4 6 87
5 1,452 06

$17,141,741 71

$17,141,741 71

L o a n s o n P u b l ic F u n d s , A m o u n t
$ 2 5 ,0 0 0 City of H artford, Conn.,
5 .0 0 0 U nited States 4s,
.
5 0.000 City of H artford, Conn.,
5 5.000 Massachusetts 3^s, .

$ 1 6 ,2 0 0 ,6 4 2 78
8 0 9 ,0 0 0 00

* In liquidation.

.
.
.

$2 ,0 0 0 00
8 ,0 0 0 00
16,000 00
3 ,200 00

$600 00
100,0 0 0 00
30 ,0 0 0 00

BANK COMMISSIONER

No. 8.]

281

New Bedford Institution for Savings— Continued.
Par Value.

Schedule op Secumties Owned.

Estimated
Market Value.

Book Value.

Public Funds.
$ 2 0 0,000
340,0 0 0
26,1 0 0
33 ,0 0 0
138,000
100,000
11,000
5 0,000
100,000
5 0,000
225,0 0 0
29 ,7 5 0
44 ,0 0 0
5 0,000
100,000
8 0,000
50 ,0 0 0
40 ,0 0 0
5 0,000
5 0,000
6 0,000
5 0,000
3 5,000
5 0,000
3 2,000
3 8,000
15,000
60,000
10,000
2 5,000
5 0,000
5 0 ,000
5 3 ,000
18,000

Massachusetts 3s, .
Massachusetts 3 ^ s ,.
C ity of A kron, O., 5s,
B a y City, M ich., 4s,
Boston, M ass., 3^s,
Boston, M ass., 4s,
Canton, O., 3%s, .
Chelsea, Mass., 4s,
Chicago, 111., 4s, .
Danbury, Conn., 4s,
Detroit, M ich., 4s,
Fitchburg, Mass., 3^s,
Gloucester, M ass., 4s, .
Grand Rapids, M ich., 4s,
Grand Rapids, M ich., 5s,
Kansas City, M o., 4s, .
L ynn, Mass., 4s,
Milwaukee, W is., 5s,
New Bedford, Mass., 3^s,
New Bedford, M ass., 4s,
New Bedford, Mass., 6s,
Peoria, 111., 4-Js, .
Pittsburgh, Pa., 4s,
Providence, R . I., 4s, .
Saginaw, M ich., 4s,
Salem, Mass., 4s,
Springfield, O., 4s,
Springfield, O., 4-jS,
Springfield, O ., 5s,
W alth am , Mass., 4s,
W illim antic, Conn., 4s,
W oonsocket, R . I., 4s,
Town of Fairhaven, M ass., 4s,
W estfield, Mass., 4s, .

$185,000
340,0 0 0
26,221
33 ,0 0 0
133,402
104,500
10,560
50,187
101,000
50,875
232,875
29,539
4 4,803
5 0 ,000
101,750
82 ,4 0 0
50,468
41 ,6 0 0
4 9 ,000
5 0,250
6 2,000
5 0,125
3 5,525
51,750
3 2,000
38,052
15,300
62,136
10,637
25,093
5 0,000
50,300
53,345
18,025

00
00
50
00
50
00
00
50
00
00
00
75
75
00
00
00
75
00
00
00
00
00
00
00
00
50
00
25
50
75
00
00
00
00

$193,000
340,000
2 6,100
3 3,000
138,000
100,000
11,000
5 0,000
100,000
5 0,000
2 25,000
2 9 ,750
44 ,0 0 0
5 0,000
100,000
80 ,0 0 0
5 0,000
4 0 ,000
4 9,125
50,000
60,000
5 0,000
35 ,0 0 0
5 0,000
3 2,000
3 8,000
15,000
6 0,000
10,000
2 5,000
5 0,000
50,000
53,000
18,000

00
00
00
00
00
00
00*
00
00
00*
00
00
00
00
00
0Q
00
00
00
00
00
00
00
00
00 *
00
00
00
00
00
00
00 *
00
00

$ 2 ,3 12,850 $ 2 ,3 21,723 75 $2,3 0 4 ,9 7 5 00

Bank Stocks.
90
170
2 30
460
20
612
130
40
564
134
175
60
22
2 00
375
1,356
1,000
1,096
2 00

shares Eliot National Bank, Boston,
shares First National Bank, Boston,
shares Merchants National Bank, Boston,
shares N a t’l B ank of Commerce, B o ston ,.
shares National Exchange Bank, B o sto n ,.
shares National Shawmut Bank, B o sto n ,.
shares National Union Bank, Boston,
shares New England N ’l Bank, Boston,
shares Second National Bank, Boston,
shares State National Bank, Boston,
shares Tremont National Bank, Boston, .
shares W ebster and A tlas N ’l B ’k, Boston,
shares N ’l B ank of Fairhaven, Fairhaven,
shares Fall R iver N ’l Bank, Fall River,
shares M etacom et N a t’l Bank, Fall River,
shares First National Bank, New Bedford,
shares Mechanics N ’l Bank, New Bedford,
shares Merchants N ’l Bank, New Bedford,
shares Third National Bank, Springfield, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 9 ,000
17,000
2 3 ,000
46 ,0 0 0
2 ,000
6 1 ,200
13,000
4 ,0 0 0
56,400
13,400
6,125
6,000
1,760
2 0,000
37,500
135,600
100,000
109,600
2 0,000
$681,585

* Legal investments when made.

$18,000
50,150
4 8,300
73,600
3 ,200
167,076
2 3,400
5 ,600
125,772
19,966
175
8 ,880
1,540
26,400
50,625
180,348
155,000
222,488
40 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$9,000
17,000
2 3,000
46,0 0 0
2,000
9 1,800
13,000
4 ,0 0 0
5 6,400
13,400

00
00
00
00
00
00
00
00
00
00

6,000
1,760
2 0,000
37,500
135,600
100,000
109,600
20 ,0 0 0

00
00
00
00
00
00
00
00

$1,2 2 0 ,5 2 0 00 $ 7 0 6,060 00

282

REPOET OF THE

[Pub. Doc

New Bedford Institution for Savings — Continued.
Schedule of Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

$50,0 0 0

$ 47,250 00

$ 5 0 ,0 0 0 00

13,000
100,000
200,0 0 0
48 ,0 0 0
200,0 0 0
221,0 0 0
8 ,0 0 0
80 ,0 0 0
2 0 0 ,0 0 0
50 ,0 0 0
100,000
125,000
100,000
150,000
75,000
5 0,000
200,000
100,000
420,0 0 0
250,000
14,000
55 ,0 0 0
66,000
2 0,000
3 0,000
90 ,0 0 0

13,390
95 ,5 0 0
205,0 0 0
5 2,800
185,000
226,855
8 ,640
8 1,200
190,500
47 ,5 0 0
9 5,500
126,562
7 8,000
137,250
7 6,000
5 0 ,125
205,0 0 0
94 ,0 0 0
427,8 5 0
256,1 2 5
13,160
5 5,825
6 2,040
18,500
36 ,0 0 0
81 ,0 0 0

13,000
1 00,000
2 0 0 ,0 0 0
4 8 ,0 0 0
180,000
2 2 1 ,0 0 0
8 ,0 0 0
8 0 ,0 0 0
200,0 0 0
48,7 5 0
100,000
125,000
8 4 ,0 0 0
142,400
7 5,000
50 ,0 0 0
2 0 0 ,0 0 0
9 5 ,0 0 0
4 2 0 ,0 0 0
2 5 0 ,0 0 0
1 3 ,000
55 ,0 0 0
62 ,0 0 0
18,000
30 ,0 0 0
8 4 ,9 0 0

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
.
.
.
.
Boston, Clinton, Fitchburg & New Bedford
R .R . 5s,
Boston & Maine R .R . 3^-s,
Boston & Maine R .R . 4s,
.
.
.
.
Burlington & Missouri R iver R .R . 6s,
Chicago, Burlington & Quincy R .R . 3Js, .
Chicago, Burlington & Q uincy R .R . 4s,
Chicago, Burlington & Quincy R .R . 5s,
Concord & Montreal R .R . 4s, .
.
.
.
Connecticut River R .R . 3^s,
Erie & Pittsburgh R .R . 3^s,
.
.
.
.
Fitchburg R .R . 3<js,
.
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3^s,
.
.
.
.
Illinois Central R .R . 4s, .
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
N ew England R .R . 4s,
N ew Y ork Central & H udson R iver R .R . 3Js, .
JNew ï ork, JNew H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Peoria & Northwestern R .R . 3£s,
Portland & Ogdensburg R .R . 5s,
Princeton & Northwestern R .R . 3^s,
Sioux C ity & Pacific R .R . 3-J-s,
St. Johnsbury & Lake Champlain R .R . 5s,
VV ashington County R .R . 3^s,

$ 3 ,0 1 5 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 2 ,9 6 6 ,5 7 2 50 $ 2 ,9 5 3 ,0 5 0 00

Street Railw ay Bonds.
Boston Elevated R ailw ay Com pany 4s,
Union Street R ailw ay Com panv 5s,
VVest E nd Street R ailw ay Com pany 4s,

$50,0 0 0
2 5,000
175,000

$ 51,125 00
26,5 0 0 00
180,250 00

$ 5 0 ,0 0 0 00
2 5 ,0 0 0 00
175,000 00

$25 0 ,0 0 0

$257,8 7 5 00

$2 5 0 ,0 0 0 00

Total Am ount of Loans at Specified, Rates of Interest.
Amount.

$132 ,6 0 1
2 7 9 ,17 2
10,0 00
2 9 0 .0 0 0
180 .00 0
100 ,00 0

Rate.

38
12
00
00
00
00

2 per
2^ p e r
3 f per
?>\ p e r
3 f per
3 f per

cen t.
cen t.
cen t.
ce n t.
cen t.
cen t.

Amount.

$ 1 ,1 0 7 ,4 8 0
2 0 0 ,0 0 0
2 2 5 .0 0 0
1 ,7 5 4 ,3 8 8
5 7 1 .0 0 0
5 0 ,0 0 0

Rate

00
00
00
15
00
00

R e a l E st a t e fo r B a n k in g P u r p o se s : —
Am ount invested,
Estim ated value,
.
.
.
.
Assessed value, .
.
.
.
.

4 p e r cen t.
4 t3s p e r cen t.
4 \ p e r cen t.
4^ p e r cen t.
4 f p e r cen t.
4£ p e r cen t.

.
.

.
.

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : — A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
N et income during year,
.
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

.
.
.
.

$ 2,9 3 0 ,9 2 0
4 6 6 .0 0 0
1 ,6 7 4 ,0 1 0
1 05 .00 0
6 1 8 ,1 8 6
1 0,0 00

Rate.

34
00
00
00
14
00

5
5f

5-J5f
6
6f

per
per
per
per
per
per

ce n t.
ce n t.
ce n t.
ce n t.
ce n t.
ce n t.

$150,0 0 0 00
150,000 00
133,415 00
19,176 62
25 ,4 0 0 00
957 54

No. 8.]

BANK COMMISSIONER.

283

New Bedford Institution for Savings — Concluded.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
Num ber of withdrawals during year,
A m ount of same,
.
.
.

.

D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0

.
.
.

.

.
.
6

.
.

,

.
.
.
.
.

.

.

.
.

.
.

.
.
.

.

.

3 0 ,190

.

G ross I n c o m e

r e c e iv e d

d u r in g

673,199 15
625
735,8 0 4 79

for

D iv id e n d s d e c l a r e d d u r in g Y
April, 1906, 2 per cent.,
.
October, 1906,
per cent., .

ear

2

of

497

Y ear,

Y e a r ( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 21,413 30
$4 ,4 6 2 71
Percentage to total assets, .
.0 0 1 2 4
.0 0 0 2 6

D a te

2 ,6 4 9 ,4 9 3 93

4 ,5 0 0
3 ,180
30,491

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o ta l E x p e n s e s

$ 2 ,5 9 1 ,8 0 2 57

23,898
.

E x a m in a t io n , J u l y 23

Total.
$25,8 7 6 01
.0 0 1 5 0

:—

.
.

.
.

.
.

and

26.

.
.

$3 0 5 ,1 5 2 36
310,231 08

615,383 44

NEWBURYPORT FIVE CENTS SAVINGS BANK —
NEWBURYPORT.
M o ses H . F o w l e r , President.
J o h n A . M a y n a r d , Treasurer.
J o h n A . M a y n a r d , Clerk of the Corporation.

Investment Com m ittee: M oses H . F o w l e r , N a t h a n ie l D o l e , W
W
Incorporated April 24, 1854.

il l ia m

il l ia m

R . Jo h n s o n ,

F . H ouston.

Open for business every business day, 8.3 0

a .m .

to 2

p.m .

Deposits commence to draw interest the last M onday of January, April, July and October.
Dividends are payable the first M onday of M ay and Novem ber.

B a l a n c e S h e e t , O ct . 31, 1906.
A ssets .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on public funds,
Loan on bank stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
R eal estate in possession,
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L ia b il it ie s .

00
00
00
00
00
00
00
00
00
00
1,000 00
30,000 00

$549,300
5 5 ,550
303,675
3 0,000
28,500
3 ,500
2 8,500
788,925
395,725
6,950

Deposits,
Guaranty fund, .
Profit and loss account,
Interest account, .

$2,0 8 6 ,9 6 0 51
104,000

00

3 ,925 97
9 8,550

01

273 09
69,826 53
1,711 87
$2,293,436 49

$2,2 9 3 ,4 3 6 49

284

REPORT OF THE

[Pub. Hoc

Newburyport Five Cents Savings Bank — Continued.
C a s h o n D e p o s it i n B a n k s , A m o u n t
Fourth National Bank, Boston,
First National Bank, New buryport,

E ach : —

in

$18,021 28
5 1,805 25

L o a n s o n P u b l ic F u n d s , A m o u n t o n E a c h : —
$ 3,500 City of Boston, M ass., 3-|s,
10,,000 Massachusetts, 3^-s, .
15,000 City of Springfield, Mass., 3^s,

:

$13,500 00

:}

15,000 00

L oan on B a n k S t o c k s : —
50 shares Essex National Bank, Haverhill,

S chedule

of

$ 3 ,5 0 0 00

Par Value.

Secu r itie s O w n e d .

Public Funds.
Massachusetts 3^s , .
.
.
.
.
County of Aroostook, M e., 4^s,
C ity of Akron, O., 5s,
Augusta, M e., 4s,
.
.
.
Boston, Mass., 3-^s,
.
.
.
Boston, M ass., 4s,
.
.
.
Brockton, Mass., 4s,
.
.
.
Chicopee, Mass., 4s,
.
.
.
Chicago, 111., 4s,
.
.
.
Danbury, Conn., 4s,
.
.
.
Dubuque, la ., 4s,
.
.
.
Fall River, Mass., 3-3,-s,.
.
.
Grand Rapids, M ich., 41s,
Haverhill, Mass., 4s,
.
.
.
H olyoke, Mass., 3£s, .
.
.
Johnstown, Pa., 3£s, .
.
.
Kansas City, M o., 4Js,
Lynn, Mass., 4s,
.
.
.
Marlborough, Mass., 4s,
Meriden, Conn., 4s,
.
.
.
Milwaukee, W is., 3^s, .
.
.
Nashua, N . H ., 4s,
New Britain, Conn., 4s,
Newburyport, Mass., 3^s,
New ton, Mass., 4s,
Philadelphia, Pa,, 3- |s, .
.
.
Pittsburgh, Pa., 4s,
.
.
.
Saginaw, Mich., 4s,
.
.
.
Somerville, Mass., 4s, .
St. Joseph, M o., 3^s, .
.
.
Taunton, Mass., 4s,
.
.
.
W alth am , M ass., 4s,
.
.
.
W oonsocket, R . I., 4s,
Y ork , Pa., 4s,
Tow n of Arlington, Mass., 4s,
Cranston, R . I., 4s, .
Enfield, Conn., 3£s, .
.
.
Gorham, N . H ., 4s, .
.
.
Hatfield, Mass., 4s, .
.
.
Holbrook, Mass., 4s, .
.
.
H ull, M ass., 4s,
.
.
.
Leominster, M ass., 4s,
North Andover, Mass., 4s,
W arren, R . I., 3Js,
.
.
.
W estfield, Mass., 4s, .
.
.
W e st Springfield, M ass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$

.

10,000
10,000
300
3 ,000
45 ,0 0 0

.
.
.
.
.
.
.
.
.

10,000

4 ,0 0 0
3 ,000
45,0 0 0
14,000

10,000

5 ,000
15,000
17,000

.
.
.
.

10,000
10,000
20,000
12,000

.
.

15,000
15,000
15,000

.
.
.
.
.
.

10,000
10,000
3 2,000
1,000
10,000
10,000
10,000
14,000
10,000
14,000
2 5,000
5 ,000

10,000
5 ,000
15,000

.
.
.
.
.

.
.

10,000
10,000
4 ,0 0 0
2,000
2,000
10,000
24,0 0 0
6,000
2,000
10,000

$5 4 9 ,3 0 0

Legal investm ents when m ade.

EstiDiated
Market Value.

$

10,000 00
1 0,250
300
3 ,0 6 0
4 3 ,6 0 0

00
00
00
00

4 ,0 0 5
3 ,0 0 0
45,3 9 3
14,140
10,087
4 ,8 8 7
15,525
17.340
9 ,8 0 0
9 ,3 5 0

00
00
75
00
50
50
00
00
00
00

12,057
15,300
15,012
14,637
10,062

50
00
50
50
50

10,200 00

21,100 00

10,200 00

30,841 25
1,005 00

10,000 00
10,150
10,025
14,017
9 ,6 0 0
14,038
25 ,0 9 3
5 ,0 0 0

00
00
50
00
75
75
00

5 ,0 2 5
15,000
9 ,5 0 0
10,237
4 ,1 0 5

00
00
00
50
00

10,100 00

2,010 00
2,000 00

10,125 00
2 4 ,5 1 0 00
5 ,8 2 0 00

2,000 00

10,275 00
$5 4 9 ,7 8 7 50

Book Value.

$

10,000 00
10,000 00
3 00 00
3 ,0 0 0 00
4 5 ,0 0 0 00

10,000 00

4 ,0 0 0
3 ,0 0 0
4 5 ,0 0 0
14,000

00
00
00
00 *

10,000 00
5 ,0 0 0 00
15,000 00
17,000 00

10,000 00
10,000 00
20,000 00
12,000 00
15,000 00
15,000 00
1 5,000 00

10,000 00
10,000 00
3 2 ,0 0 0 00
1,000 00
10,000 00
10,000 00
10,000 00*
14,000 00
10,000 00
14,000 00
2 5 ,0 0 0 00
5 ,0 0 0 00*

10,000 00

5 ,0 0 0 00
1 5,000 0 0 *

10,000 00
10,000 00
4 ,0 0 0 00
2,000 00
2,000 00
10,000 00
2 4 ,0 0 0 00
6,000 00
2,000 00
10,000 00
$ 5 4 9 ,3 0 0 00

285

BANK COMMISSIONER

No. 8.]

Newburyport Five Cents Savings Bank — Continued.
S chedule

of

Par Value.

Se c u rities O w n ed .

B ank Stocks.
10 shares
shares
4 2 shares
33 shares
35 shares
18 shares
23 shares
5 shares
243 shares
24 shares
10 shares
shares
25 shares
38 shares
56 shares
50 shares
89 shares

8

8

Atlantic National Bank, Boston,
B oylston National Bank, Boston,
Continental National Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
National B ank of Commerce, Boston,
N a t’l B ank of the Republic, Boston,
National Exchange Bank, Boston, .
National Shawm ut Bank, Boston, .
National Union Bank, Boston,
New England National Bank, Boston,
State National Bank, Boston, .
Trem ont National Bank, Boston,
W ebster and A tlas N a t’l B ’k, Boston,
First National Bank, Newburyport, .
Mechanicks N a t’l Bank, Newburyport,
Ocean National Bank, New buryport,

00
00
210 00
3 ,3 0 0
6 ,600 00
3 ,5 0 0
10,325 00
1,800
2 ,880 00
2 ,3 0 0
3 ,795 00
500
800 00
2 4,300
66,339 00
2 ,400
4 ,3 2 0 00
1,400 00
1,000
800
1,192 00
25 00
875
5,624 00
3 ,800
6,720 00
5,600
300 00
4 ,450
5 ,340 00
$56,425 $118,120 00
$

1,000
800

$15,0 0 0
30 ,0 0 0

.

Book Value.

$1,4 5 0
800

$

1,000 00
8 0 0 00

-

Railroad Bonds.
Boston & A lb an y R .R . 3^s,
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 4^s,
.
.
.
Boyer V alley R .R . 3£s, .
.
.
.
Chicago, Burlington & Quincy R .R . 3-£s,
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
.
.
Fitchburg R .R . 3-j-s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
Maine Central R .R . 4s, .
.
.
.
N ew Y ork , N ew H aven & H artford R .R .
N ew Y ork , New H aven & H artford R .R .
Old Colony R .R . 4s,
.
.
. . .
U pper Coos R .R . 4s,
.
.
.
.
W orcester, Nashua & Rochester R .R . 4s,

Estimated
Market Value.

10,000
10,000
10,000
10,000
25 ,0 0 0
10,000

.
.
.

35 ,0 0 0

.
.
.
.
.
.
3|s,
4s,

25 ,0 0 0
5 ,000
3 5 ,000
15,000

.

10,000

.

25 ,0 0 0
15,000

10,000
12,000

.
.

$ 3 0 7,000

00
00
10,200 00
3 9,550 00
9 ,500 00
9 ,2 0 0 00
9 ,9 0 0 00
2 5,500 00
9 ,5 0 0 00
2 5,150 00
5 ,050 00
28 ,0 0 0 00
15,075 00
9 ,150 00
25 ,2 5 0 00
15,300 00
10,000 00
12,180 00
$ 3 0 3,055 00
$14,550
3 0,000

Street Railw ay Bonds.
Boston Consolidated Street R ailw ay Co. 5s,
Boston Elevated R ailw ay Com pany 4s,
W e st E n d Street R ailw ay Com pany 4s,

—

3 ,3 0 0
3 ,5 0 0
1,800
2 ,3 0 0
500
24 ,3 0 0
2 ,4 0 0

00
00

00
00
00
00
00

1,000 00
800 00
-

3 ,800 00
5 ,600 00
—
4 ,4 5 0 00
$ 5 5 ,5 5 0 00

$15,0 0 0 00
3 0 ,0 0 0 00

10,000 00
10,000 00
10,000 00
10,000 00
25 ,0 0 0 00
10,000 00

3 5 ,0 0 0 00

2 5 ,0 0 0
5 ,0 0 0
31 ,6 7 5
15,000

00
00
00
00

10,000 00

25 ,0 0 0 00
15,000 00

10,000 00
12,000 00

$30 3 ,6 7 5 00

00
00

$5 ,0 0 0
15,000

$ 5,000
15,337 50
10,300

$5,0 0 0 00
1 5,000 00

$30,0 0 0

$30,637 50

$ 3 0 ,0 0 0 00

10,000

10,000 00

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$1,300
18,021
5 1,805
18,500

00
28
25
00

0

per cent.
per cent.
3.76 per ct.
4 per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

Rate.

$14,4 0 0 00
157,500 00
8 6,600
8 3 6 ,5 5 0 00

00

4J
4\
4f
5

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$43,500 00
3 9,500 00
4 7,300 00

Rate.

5^ per cent.
5-J- per cent.
per cent.

6

286

REPORT OF THE

[Pub. Doc.

Newbury port Five Cents Savings Bank — Concluded.
R e a l E st a t e f o r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.
R e a l E st a t e b y F o r e c l o su r e
Am ount invested,
.
.
Assessed value, .
.
.
N et income during year,

or

.
.

:—
.
.
.
.
.
.
.
.

$ 30,000
3 5.000
3 3.000
1,028

O t h e r w is e : —
.
.
.
.

D ep o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
A m ount of same,
.
.
.
.
N um ber of withdrawals during year,
A m ount of same,
.
.
.
.

6.950 00
7 ,800 00
297 80
3,096
2 79,010 90
!

617
361
4,771

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
Am ount of same,
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

281
322,2 0 0 00
349

ear,

9 7,283 69

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 3 ,4 5 0
$984 29
Percentage to total assets, .
.0 0 1 5 0
.0 0 0 4 3
fo r

ear

Total.
$4,4 3 4 29
.0 0 1 9 3

00

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
Novem ber, 1905,
per cent.,
M ay, 1906, 2 per cent.,

2

D ate

o f

' 2,563
234,0 9 4 32

D e p o s it A c counts : —
N um ber opened during year,
N um ber closed during year,
Total number Oct. 31, 1906,

T o ta l E x p e n s e s

00
00
00
39

$37,601 16
38,781 44

76,382 60

E x a m in a t io n , M a y 18.

NEW TON SAVINGS BANK — NEW TON.
C h a r l e s T . P u l s if e r , President.
A d o lp h u s J. B l a n c h a r d , Treasurer.
W il l ia m F . B a c o n , Clerk of the Corporation.

Investment Committee:
W

S a m u e l M . Ja c k s o n , C h a r l e s T . P u l s if e r , F r a n c is M u r d o c k ,
il l ia m F . H a r b a c h , H e n r y E . B o t h f e l d .

Incorporated June 17, 1831. Open for business every business day except Saturdays,
9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to
p .m .

1

Deposits commence to draw interest the tenth day of January, April, July and October.
Dividends are payable the W ednesday next following the tenth daj^of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.1

BANK COMMISSIONER

287

Newton Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

Public funds,
B ank stocks,
Railroad b on d s,.
Street railway bonds,
Boston Terminal Company bonds
Loan on public funds,
Loans to counties, cities or towns
Loans on real estate, .
Loans on personal security,
Real estate b y foreclosure, etc.,
B ank building and fixtures,
Stocks, bonds, etc., taken to secure
indebtedness,
Taxes paid on m ortgaged proper­
ties,
.
.
.
.
Suspense account,
Deposits in banks, on interest,
Real estate, income and expense
account,
Cash on hand, .

$167 500
!314
894 337
250, 000
150, 000
25, 000
50, 000
2,956; 502
1,603 134
92 123
50,

8

00
50
51

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

00
00

on

D

e p o s it

in

B

an ks

, A

11,367 33
71,838 79

00
00
41
27
16

000 00

72 ,5 5 2 50

86

2 ,9 1 2
601 50
6 6,803 90
10,127 12
10,813 34
$ 6,410,723 07

Cash

,133 ,5 1 6 95
194,000 00

m ount

E

in

>,410,723 07

ach

First National Bank, Boston,
New ton National Bank, New ton, .
L

oan

on

P

u b l ic

F

unds

$20,173 63
46 ,6 3 0 27

: —

$25,0 0 0 City of Hartford, Conn., 3^s,

S chedule

op

$ 2 5 ,0 0 0 00

Par Value

Se c u rities O w n ed .

Public Funds.
City of Bristol, R . I., 3Js,
Chicago, 111., 4s,
D ayton, O., 3^s,
Kansas City, M o., 4s, .
New ton, Mass., 4s,
Pittsfield, M ass., 4s,
Tow n of Needham , Mass., 4s, .

10,000
100,000

$

5 ,000
25,0 0 0
5 ,000
.

.

.

10,000
12,500

Estimated
Market Value.

$9 ,6 5 0
100,562
4 ,9 0 0
25,7 5 0
5,175
1 0,150
12,687

00
50
00
00
00
00
50

Book Value.

10,000 00
100,000 00

$

5 ,0 0 0 00
2 5 ,0 0 0 00
5 ,0 0 0 00

10,000 00
12,500 00

$167,500

$168,875 00

$ 1 6 7,500 00

$ 2,500

$ 2 ,5 0 0 00

2,500
2 ,400

$3 ,4 5 0 00
1,650 00
2 ,5 0 0 00
2 ,1 6 0

$ 8 ,400

$9 ,7 6 0 00

$8 ,3 1 4 50

$25,000

$25,6 2 5 00

$ 2 5 ,0 0 0 00

199,040 63
98 ,0 0 0 00

140,000

185,000 00
98,9 9 0 00
2 0,300 00
128,800

Bank Stocks.
25
10
25
24

shares
shares
shares
shares

Commercial National Bank, Boston, .
Harvard Trust Company, Cambridge,
W achusett National Bank, Fitchburg,
New ton National Bank, Newton,

1,000

00

1,000 00

2 ,5 0 0 00
2 ,3 1 4 50

Railroad Bonds.
Beech Creek R .R . 4s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3-Js,
Boston & Maine R .R . 4-Js,
.
.
.
Chicago, Burlington & Quincy R .R . 3^s,
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s, .
Illinois Central R .R . 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

20,000
5 0,000
100,000
200,000
98 ,0 0 0
20,000

20,000 00 20.000 00
4 8 ,0 0 0 00
48 ,3 1 2 50
112,500 00
100,000 00
00

20,000 00

134,734 38

288

REPORT OF THE

[Pub. Doc

Newton Savings Bank — Concluded.
S chedule

of

Estimated
Market Value.

Par Value.

Se c u r itie s O w n ed .

Railroad Bonds — Concluded.
Illinois Central R .R . 4s,
N ew Y ork , New H a ven
N ew Y ork , N ew H aven
O ld Colony R .R . 4s,

.
& H artford R .R . 3^s,
& H artford R .R . 4s,
.
.
.
.

$25,000

25 ,0 0 0

$25,6 2 5
91,3 5 0
101,750
2 5 ,6 2 5

$9 0 3 ,0 0 0

$ 8 8 3,565

100,000
100,000

.

Street Railw ay Bonds.
Boston E levated R ailw ay C om pany 4s,
W e st E nd Street R ailw ay Com pany 4s,

$

110,000

3-2-s,

00 •$25,000 00
00 9 9 ,2 5 0 00
00 100,000 00
00 2 5 ,0 0 0 00
00 $8 9 4 ,3 3 7 51

$ 2 5 5,275

00
00
00

$ 2 5 0,000 00

$ 1 5 6,000

00

$ 1 5 0,000 00

140,000

$ 1 1 2,475
142,800

$2 5 0 ,0 0 0

$1 5 0 ,0 0 0

Boston Term inal Com pany Bonds.
Boston Terminal Company

Book Value.

110,000 00

$

140,000 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$46,6 3 0
20,173
154,500
45 ,3 0 0

27
63
00
00

Rate.

Amount.

per cent.
per cent.
4 per cent.
4 f per cent.

$50,0 0 0 00
925,6 5 0 00
105,300 00
2 ,797,061

2

Rate

4 f per
4-| per
4 f per
5 per

68

R e a l E st a t e f o r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
R e a l E st a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

:—
.
.
.

cent.
cent.
cent.
cent.

$ 2 9 ,2 0 0 00
3 9 3 ,2 0 0 00
134,425 00

.
.
.

.
.
.

.

.
.

.
.
.

.
.

.

.
.
.
.

.
.

.

.
.

.
.

r e c e iv e d

T o tal E x p e n s e s

.

.

Y

d u r in g

Y

of

ear

E x a m in a t io n s , M a r c h 19


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

12,425
.
10,575
.

9 0 9 ,8 2 7 37
9 6 4 ,2 6 3 11

.

.

731,1 1 9 33
652

ear,

2 7 1 ,5 4 9 5 0

ear

D iv id e n d s d e c l a r e d d u r in g Y
January, 1906, If- per cent.,
July, 1906, I f per cent.,
D ate

00
00
00
56

428
.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $12,7 6 8 31
$3,9 6 8 31
Percentage to total assets, .
. 00199
.0 0 0 6 2
for

6

1,422
1,133
15,734

.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
Am ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

5 f per cent.
5 } per cent.
per cent.

9 2 ,1 2 3 16
142,150 00

.
.
.
.

.
.

.

Rate.

$ 5 0 ,0 0 0
5 0 ,0 0 0
53 ,6 0 0
1,999

O t h e r w is e : —
.
.
.
.

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
Total num ber O ct. 31, 1 9 0 6 ,.

Amount.

Total.
$16,7 3 6 62
.00261

:—
$1 0 0 ,3 2 6 89
102,033 13
and

20,

and

Ju n e

8.

2 0 2 ,3 6 0 02

No. 8.]

BANK COMMISSIONER.

289

N EW TO N CENTRE SAVINGS BANK — NEW TON CENTRE.
S e w a r d W . J o n e s , President.
M e l l e n B r a y , Treasurer.
W il l ia m M . F l a n d e r s , Clerk of the Corporation.

Investment Committee:

S e w a r d W . J o n e s , D w ig h t C h e s t e r , D . H . A n d r e w s ,
E . T . Co l b u r n , H . H . K e n d a l l .

Incorporated F eb. 25, 1896.
Open for business every business day except Saturdays,
9 to 11.30 a . m .; 1.30 to 2.3 0 p . m . ; Saturdays, 9 a . m . to
m.

12

Deposits commence to draw interest the fifteenth day of January, April, July and
October. Dividends are payable the fifteenth day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

1

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Prem ium account,
Deposit in bank, on interest,
R eal estate income and expense, .
Cash on hand, .
.
.
.

$33,0 0 0
2 ,5 0 0
184,202
47,0 0 0
315,8 2 3
195,138
1 7 ,500
5 40
14,059
2 ,7 5 9
142
759

00
00
50
00
50
75
00
92
15
84

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .
Due on mortgage
loans,

$813,427 13

.

.

Par Value.

Secu r itie s O w n e d .

Public Funds.
C ity of Boston, Mass., 3Js,
Tow n of Brunswick and Topsham , M e. (W a ter
District), 4s, .
.
.
.
.
Gorham, N . H ., 4s, .
.
.
.

700 00

61

Ca s h o n D e p o s it in B a n k s : —
N ew ton Centre Trust Company, New ton Centre,

of

1 1,614 32
4,971 78

86

$8 1 3 ,4 2 7 13

S chedule

$ 7 8 5,829 87
10,311 16

$

10,000
8,000

.

.

$2 ,7 5 9 84

Estimated
Market Value.

$ 9 ,5 5 0 00

8,120 00

Book Value.

$

10,000 00
8,000 00

15,000

15,000 00

1 5 ,000 00

$33,0 0 0

$32,6 7 0 00

$ 3 3 ,0 0 0 00

$500

$1 ,4 7 5 00

$500 00

2,000

2 ,5 0 0 00

B ank Stocks.
5 shares First National Bank, Boston,
20 shares New ton Centre Trust Co., New ton
Centre,
.
.
.
.
.

$ 2,500

Railroad Bonds.
Boston & Maine R .R . 4-)s,
Boston & New Y o rk A ir Line R .R . 4s,
Chicago, Burlington & Q uincy R .R . 3^s,
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Chicago & Northwestern R .R . s,
Fitchburg R .R . 4s,
H annibal & St. Joseph R .R . s,
Housatonic R .R . 4s,
Illinois Central R .R . 3s, .
Illinois Central R .R . 3|s,
Illinois Central R .R . 4s, .
Illinois Central R .R . 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

6

$
.

1,000

5 ,000
7,000
40 ,0 0 0

11,000
10,000
7,000
3 ,000

1,000
3 ,000
20,000
7,000
1,000

$ 3 ,975 00

$

1,120 00

2,000 00
$ 2 ,5 0 0 00

$

1,000 00

5 ,1 0 0
6,475
41 ,0 0 0
11,880
11,300
7,061
3 ,225

00
00
00

5 ,0 0 0 00
6*650 00
4 0 ,0 0 0 00

00
25
00

7*000 00
3 '0 0 0 00

2 ,3 4 0
18,375
7 ,1 4 0
1,127

00
00
00
50

00

1,000 00

11,000 00
10^000 00
1,000 00

2 ,4 8 2 50
19*025 00
7 ,000 00

1,000 00

[Pub. Doc

REPORT OF THE

290 <

Newton Centre Savings Bank — Concluded.
Schedule

of

Par Value.

Secueities Ovned.

Railroad Bonds — Concluded.
K alam azoo, Allegan & Grand R apids R .R . 5s,
Mahoning Coal R .R . 5s, .
Maine Central R .R . 4s, .
Milwaukee, Lake Shore & W estern R .R . 5s,
JSIew York, .New H aven & H artford R .R . 3 As,
N ew Y ork , N ew H aven & H artford R .R . 4s,
Penobscot Shore Line R .R . 4s,
Sioux City & Pacific R .R . 3 fs,
W e st Pennsylvania R .R . 4s,
.
.
.
.

$

.

1,000
1,000

5 ,000

9 ,0 0 0
36 ,0 0 0
5 ,0 0 0
3 ,000

.

10,000
2,000

$1 8 8 ,0 0 0

Estimated
Market Value.

$

Book Value.

1,200 00

5 ,9 5 0
1,015
9 ,8 8 0
3 3 ,1 2 0
5 ,0 6 2
3 ,067
9 ,2 5 0
2 ,0 5 0

$

00
00
00
00
50
50
00
00

$1 8 7 ,7 3 8 75

1,000 00
1,000 00

5 ,000 00
9 ,0 0 0
34 ,3 9 5
5 .0 0 0
3 .0 0 0
9 ,6 5 0

00
00
00
00
00

2,000 00

$18 4 ,2 0 2 50

Street Railxvax/ Bonds.
Gloucester, Essex & Beverly Street R y . Co. 5s,
L yn n & Boston Railroad Com pany 5s,
Merrimac V alley Street R ailw ay Com pany 5s,
N aum keag Street R ailw ay Com pany 5s, .
W e st E nd Street R ailw ay Com pany 4s,
W e st E n d Street R ailw ay Com pany 4 fs , .

$5 ,0 0 0

.

10,000
10,000
6,000
15,000
1,000

.

$47,0 0 0

$5 ,1 5 0
10,480
10,250
6 ,0 6 0
15,450
1,042

00
00
00

$5,0 0 0 0 0 *
*
*
*
1 5 ,000 00

10,000 00
10,000 00
6,000 00
1,000 00

00
00
50

$ 4 8 ,4 3 2 50

$ 4 7 ,0 0 0 00

* Legal investm ents when m ade.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

Amount.

$ 2,759 84
6 ,2 5 0 00

2

per cent.
4 f per cent.

$5 ,0 0 0 00
421,1 4 8 50

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

Rate.

4 f per cent.
5 per cent.

Amount.

$ 3 3 ,3 7 5 00
4 5 ,1 8 8 75

O t h e r w is e : —
.
.
.
.
.
3 ,546

173,098 38
2,037
157,405 06

d u r in g

Y

Y

of

E x a m in a t io n , M a y 10.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

121,712 25
104
3 5 ,3 6 4 49

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent., .
July, 1906, I f per cent.,
D ate

69
.

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
$1,1 7 4 02
A m ount paid during year,
$1 ,1 0 5 92
.0 0 1 4 4
Percentage to total assets,
. 00136
fo r

429
254
2,849

.

S t a t ist ic s of L o an s : —
Num ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

6

$17,5 0 0 00
19,400 00

.

D e p o s it A cco u n ts : —
N um ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1906,

G ross I n c o m e

5J per cent.
per cent.

or

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.

T o ta l E x p e n s e s

Rate.

Total.
$ 2,279 94
.0 0 2 8 0

01

$12,261
12,642 18

2 4 ,903 19

No. 8.]

BANK COMMISSIONER

291

NONOTUCK SAVINGS BANK — NORTHAMPTON.
H

enry

L. W

il l ia m s , President.
R obert W . L y m a n ,

Jo h n P r in c e , Treasurer.

Clerk of the Corporation.

Investment C om m ittee : O r v il l e W . P rotjty, I sa a c B r id g m a n , J o h n P r in c e .
Incorporated Feb. 9, 1899.
Open for business every business day except Saturdays,
9 a . m . to 3 P.M.; Saturdays, 9 a . m . to 12 M.
Deposits commence to draw interest the first W ednesday of March, June, September and
December. Dividends are payable the first W ednesday of June and December.

B a l a n c e Sh e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate by foreclosure, etc., .
Expense account,
Premium account,
Furniture and fixtures,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 4 ,8 9 2
25,9 9 8
4 3 ,3 0 0
1 ,800
1,800
1,425
504,4 6 7
155,439
4 40
1,238
1 ,566
160
3 4 ,2 6 6
1 ,4 6 6

43
00
00

00
00

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

$76 6 ,7 3 6 44
10,500 00
3 ,000 00
82

8,022

00
04
44
00
28
03

00
77
27

$788,259 26

$7 8 8 ,2 5 9 26

C a s h o n D e p o s it i n B a n k s , A m o u n t in E a c h : —
First National Bank, Northam pton,
.
.
.
.
Hampshire County National Bank, N ortham pton, .
H am pden Trust Company, Springfield, .
Springfield National Bank, Springfield, .
.
.
.

$15,7 0 8 29
10,108 47
1,581 84
17

6,868

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
3 shares First National Bank, N ortham pton,
18 shares Hampshire County National Bank, N ortham pton,

S chedule

of

Se c u r itie s O w n e d .

$300 00
1,500 00

Par Value.

Estimated
Market Value.

$ 3,000

$ 2 ,973 75
9 ,2 5 0 00
2,081 64

$ 3 ,0 0 0 00
9 ,7 9 2 43

$14,3 0 5 39

$14,8 9 2 43

Book Value.

P ublic F unds.
C ity of Chicopee, M ass., 3|-s,
St. Louis, M o., 3-J-s,
T ow n of W are, M ass., 3^s,

.
.
.

.
.
.

.
.
.

.
.
.

10,000
2,100

$15,100

Bank Stocks.
10
5
33
50
40

6

24
23
7
50

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Greylock National Bank, Adam s,
Miller’s R iver National Bank, A thol,
First National Bank, N ortham pton,
Chapin National Bank, Springfield,
Chicopee National Bank, Springfield,
First National Bank, Springfield,
Second National Bank, Springfield,
Third National Bank, Springfield,
H am pden National Bank, W estfield,
First National Bank, W orcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$
.
.
.

1,000
500
3 ,300
5,000
4 ,0 0 0
—
-

.

2,300
700
500
$17,300

00

$1 ,8 8 0
8 50 00
4 ,2 9 0 00

6,000 00
6,000 00
150 00
120 00
4 ,6 0 0 00
1,120 00
1,000 00
$26,0 1 0 00

2,100 00

$2 ,0 5 0 00
875 00
4 ,1 6 2 50
6 ,016

00
6,200 00
72 00
-

5,072 50
1,050 00
500 00
$25,9 9 8 00

292

REPORT OF THE

[Pub. Doc

Nonotuck Savings Bank — Concluded.
S chedule

of

Estimated
Market Value.

Par Value.

Se c u r itie s O w n e d .

Railroad Bonds.
Chicago, Burlington & Quincy R .R . 3Js,
Chicago, Burlington & Quincy R .R . 4s,
Erie & Pittsburgh R .R . 3£s, .
.
.
Illinois Central R .R . 3s, .
.
.
.
L im e R ock R .R . 4s,
.
.
.
.

.

$

20,000

$ 1 8 ,5 0 0
5 ,125
4 ,7 5 0
3 ,9 5 0

5 .000
5 .000
5 .0 0 0

.
.

10,000

00
00
00
00

10,000 00

$ 4 5 ,0 0 0

$42,3 2 5 00

Book Value.

$18.7 2 5
5 .0 0 0
5 .0 0 0
4 ,5 7 5

00
00
00
00

10,000 00

$ 4 3 ,3 0 0 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$34,266 77
3 ,5 0 0 00

Rate.

3
4

Amount.

per cent.
per cent.

Rate.

$14,900 00
645,131 48

R e a l E s t a t e b y F o r e c l o su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

4-| per cent.
5 per cent.

.
.
.

.

.
.

.

.

.
.
.
.

.
.
.

.
.
.

.

.
.
.
.

G ross I n c o m e

r e c e iv e d

.
.
.

Y

d u r in g

Y

of

E x a m in a t io n , S e p t e m b e r 14.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

.

1,875
.
1,434
.

179,400 55
147,804 69

383
246
2,003
317
.
.

.

405,783^06
272
3 5 ,258 93

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
December, 1905, I f per cent.,
.
.
June, 1906, I f per cent.,
.
.
.
D ate

.

ear,

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$1 ,5 8 0 00
$1 ,6 7 2 56
Percentage to total assets,
.00200
.00212
fo r

5 £ per cent.
per cent.

100 00

.
.
.
.

.

Rate.

$440 00

S t a t ist ic s of L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,

T o tal E x p e n se s

$500 00
9 00 00

O t h e r w is e : —
.
.
.
.

D e po sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
D e p o s it A cco u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal num ber O ct. 31, 1 9 0 6 ,.

Amount.

.
.

.
.

Total.
$3 ,2 5 2 56
.0 0 4 1 2
$11,829 11
12,174 95

24 ,0 0 4 06

No. 8.]

BANK COMMISSIONER.

293

NORTH ADAMS SAVINGS BANK — NORTH ADAMS.
A . C. H

oughton,

President.
V. A. W

Investment Committee :

V. A. W

h it a k e r ,

Treasurer.

Clerk of the Corporation.

h it a k e r ,

G eo r g e L . R ice , F . A . W

il c o x s o n ,

C. E . W

in c h e l l .

Incorporated April 26, 1848. Open for business every business d ay except Saturdays,
9 a . m . to 4 p . m . ; Saturdays, 9 a . m . to 1 p . m .; also W ednesdays and Saturdays, for
deposits only, 7 to 9 p . m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

00
00
00
86,000 00
4 ,8 5 0 00
11,900 00
104,653 32
625 00

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
R ailroad bonds,
Street railway bonds,
Loans on bank stocks,
Loans on railroad bonds,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Expense account,
Suspense account,
Deposits in banks, on interest,
Deposit in bank, not on in terest,.
Interest account,
Cash on hand, .
.
.
.

$93,300
9 1,250
461,5 0 0

2 ,3 6 5 ,7 6 7
900,042
79,435
52,111
1,323
5 3,554
5,688
48 ,9 5 2
5,829
$4,3 6 6 ,7 8 4

Deposits,
G uaranty fund,
Profit and loss account,
Suspense account,
Due on mortgage
loans,
State ta x account,

12 48

8 ,497 26
4 ,5 0 0

00

30
80
51
87

10

$ 4 ,3 6 6 ,7 8 4

10

$26,0 5 2 82
27,501 48
5 ,688 80
$250 00
2 .3 0 0 00
2 .3 0 0 00

L o a n s o n R a il r o a d B o n d s , A m o u n t o n E ach : —
$ 7 ,0 0 0 Chicago, Burlington & Quincy R .R . 4s,
10,000 New Y ork Central & H udson R iver R .R . 3£s,

Par Value.

Se c u rities O w n ed .

00
86

21
18
88

L o a n s o n B a n k S t o c k s , A m o u n t o n E ach : —
3 shares Pittsfield National Bank, Pittsfield,
25 shares N orth Adam s National Bank, N orth Adam s,
25 shares N orth A dam s National Bank, North Adam s,

op

47 ,1 7 8

06
40
57

Ca s h o n D e p o s it i n B a n k s , A m o u n t in E a c h : —
New England National Bank, Boston, .
N orth A dam s National Bank, N orth Adam s, .
N orth A dam s Trust Company, N orth Adam s,

S chedule

$ 4 ,0 8 6 ,0 9 5 50
2 2 0 ,5 0 0

$ 5 ,9 0 0 00

6,000 00
Estimated
Market Value.

Book Value.

P ublic F unds.
Massachusetts 4s, .
.
.
C ity of Chicago, 111., 4s,
.
Fall R iver, M ass., s, .
Lowell, M ass., 4s,
.
Portland, M e., s,
.
W oonsocket, R . I., 4s,
Tow n of Plym outh, M ass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

6

.

.
.
.

.
.
.

.

1

.
.
.

.
.

.
.
.

$25,0 0 0
4 .0 0 0
5 .000

.
.
.

5.000
30 ,0 0 0
14,300

.

10,000

$ 93,300

* A legal investm ent when m ade.

$25,0 0 0
4 ,1 0 0
5 ,0 0 0
10,136
5 ,110
3 0 ,0 7 5
15,040

00
00
00
00
00
00
00

$ 2 5 ,0 0 0 00
4 .0 0 0 00
5 .0 0 0 00

$94,461 00

$93,3 0 0 00

10,000 00

5 .000 00
30 ,0 0 0 0 0 *
1 4,300 00

[Pub. Doc,

REPORT OF THE

294

North Adams Savings Bank — Continued.
S chedule

of

Estimated
Market Value.

Par Value.

Se c u rities O w n e d .

Book Value.

B ank Stocks.
7
4 90
4 00
4 00
30

shares
shares
shares
shares
shares

$ 1,176
1,715
4 6 ,0 0 0
50 ,0 0 0
4 ,8 6 0

$700
40 ,0 0 0
40 ,0 0 0
3 ,000

Lee National Bank, Lee,
Berkshire N a t’l Bank, N orth Adam s,
N orth Adam s N ’l B ’k, N orth Adam s,
North A dam s Trust Co., North Adam s,
Pittsfield National Bank, Pittsfield, .

$700
50
4 0 ,0 0 0
4 7 ,5 0 0
3 ,0 0 0

00
00
00
00
00

$ 9 1 ,2 5 0 00

$103,751 00

$83,7 0 0

00
00
00
00
00

Railroad Bonds.
Bangor & Aroostook R .R . 5s, .
Chicago, Burlington & Quincy R .R .
Chicago, Burlington & Quincy R .R .
Chicago & Northwestern R .R . 7s,
Fitchburg R .R . 4s,
.
.
.
Illinois Central R .R . 3s, .
.
.
Illinois Central R .R . 3 jS ,
.
.
N ew Y ork , New H aven & H artford
N ew Y ork, New H aven & H artford
Northern Maine Seaport R .R . 5s,
Portland & Ogdensburg R .R . 5s,

3^s,
4s,

$64,0 0 0
50 ,0 0 0
5 0,000
19,000
35 ,0 0 0
5 0,000
2 5,000
3 5,000
75,0 0 0
30,0 0 0
16,000

.

.
.

.
.
.

.

R .R . 3Js,
R .R . 4s,

.

00
00
00
00
00
00
50
00
00
00
00

$76,7 7 5 00
4 5 ,6 8 7 50
5 1,875 00

$ 4 5 4,916 50

$461,5 0 0 00

$76,1 6 0
4 5 ,8 5 0
5 1,125
21 ,4 1 3
35 ,7 3 0
4 1 ,2 5 0
23 ,3 1 2
31 ,9 9 0
7 8,000
33,7 5 0
16,336

$ 4 4 9,000

21,000 00
36 ,0 0 0
42 ,1 2 5
2 3,500
34,187
80,0 0 0
34,3 5 0
16,000

00
00
00
50

00
00
00

Street Railway Bonds.

25 ,0 0 0

$15,3 6 2
25 ,0 0 0
22 ,7 8 7
2 5 ,0 0 0

86,000

$88,149 50

$15,0 0 0
25 ,0 0 0

Boston Elevated R ailw ay Com pany 4s,
H oosac V alley Street R ailw ay Com pany 4s,
Hoosac V aliev Street R ailw ay Com pany 5s,
Springfield Street R ailw ay Com pany 4s, .

21,000

$

$15,0 0 0 00
25 ,0 0 0 00

50
00
00
00

21,000 00

25 ,0 0 0 00
$

86,000 00

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

$ 2 6 ,0 5 2
25 ,7 2 0
48,801
11,533

82
00
48
32

2

per
3 f per
3^ per
3J- per

cent.
cent.
cent.
cent.

Amount.

$ 3 1 3,170
367,500
201,3 0 0
32 ,0 0 0

R e a l E s t a t e for B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

Rate.

00
00
00
00

4
4}
414f

:—
.
.
.

per
per
per
per

cent.
cent.
cent.
cent.

Amount.

$2,351,339 46
5 0,000 00
1 3,975 00

D e p o sit A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1 9 0


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

,

.

5

per cent.

5% per cent.

6

per cent.

$52,111 21
80 ,0 0 0
71 ,0 0 0 00

.
.
.

00

R e a l E s t a t e b y F o r e c l o su r e o r O t h e r w is e : —
A m ount invested,
.
.
.
.
.
Assessed value, .
.
.
.
.
.
N e t income during year,
.
.
.
.
D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

Rate.

79 ,4 3 5 57
62 ,7 5 0 00
432 61
8,040
5 0 7 ,6 5 6 70

.
’ 6,785

7 0 7 ,6 6 4 50

.

.

.

.

1,116
1,209
8,695

No. 8.]

BANK COMMISSIONED

295

Worth Adams Savings Bank — Concluded.
S t a t is t ic s o f L o a n s : —
N um ber not exceeding $3 ,0 0 0 each,
A m ount of same,
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

201,548 32

ear

22

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
October, 1906, I f per cent., .
.
Date

of

$739,443 56

Y ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$13,417
$ 1 ,908 95
Percentage to total assets,
.0 0 3 0 7
.0 0 0 4 3
fo r

695
517

E x a m in a t io n , J u l y 16

and

.
.

.
.

.
.

Total.
$15,3 2 6 17
.0 0 3 5 0
$70,051 21
69,709 25

139,760 46

17.

NORTHAMPTON INSTITUTION FOR SAVINGS —
NORTHAMPTON.
O l iv e r W

alker,

President.

S a m u e l D . D r u r y , Treasurer.
T . G. S p a u l d in g , Clerk of the Corporation.

Investment Com m ittee : Sa m u e l D . D r u r y , F r a n k E . Cl a r k , O sc a r E d w a r d s ,
A rthur W
Incorporated March

1,

atson.

1842.
Open for business every business day except Saturdays,
9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to
m .

12

Deposits commence to draw interest the first W ednesday of January, April, July and
October. Dividends are payable the first W ednesd ay of April and October.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
R eal estate in possession,
Bank building and fixtures,
Expense account,
Deposits in banks, on interest,
Interest account,
R eal estate account, .
Cash on hand,

1

L ia b ilitie s .

$726,.000 00
15,400 00
1,184 ,2 5 0 00

220,000 00
5 ,915 00
8,200 00

2 ,2 3 8
1,510,446
1,178,241
65 ,8 6 2
15,900
27 ,0 0 0
646
141,766
1,688
2 ,029
14,840

00
41
00
79
00
00
56
35
89
58
33

Deposits,
G uaranty fund, .
Profit and loss ac­
count,
Interest account, .
Suspense account,
Premium account,

$ 5 ,1 2 0 ,4 2 4 91

C a s h o n D e p o s it in B a n k s , A m o u n t in E a c h : —
Second National Bank, Boston,
First National Bank, Northam pton,
Hampshire County National Bank, Northam pton,
N ortham pton National Bank, N ortham pton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 4 ,8 4 0 ,0 9 6 65
2 4 5 ,0 0 0 00
11,889
22,1 8 8
890
360

51
75
00
00

$ 5 ,1 2 0 ,4 2 4 91

$24,6 4 5 71
2 5,642 22

10,000 00
81 ,4 7 8 42

REPOET OF THE

296

[Pub. Doc

Northampton Institution for Savings — Continued.
L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
7 shares First National Bank, Eastham pton,
.
.
2
shares First National Bank, N ortham pton,
.
.
35 shares First N ational Bank, Northam pton,
.
.
10
shares
First National Bank, Northam pton, .
.
4
shares First National Bank, N ortham pton,
.
.
shares First National Bank, Northam pton,
.
.
22 shares Northam pton National Bank, N ortham pton,
.
2
shares Northam pton National Bank, N ortham pton,
.
10
shares W a re National Bank, W are, .
.
.
.

6

S chedule

of

Secu r itie s O w n ed .

Par Value.

.
.
.

.
.
.
.

.
.

.
.
.

.
.

.
.
.

25 ,0 0 0
177,000
50 ,0 0 0
50 ,0 0 0
5 ,000
19,000

$ 1 5 2 ,8 1 2
206,0 0 0
3 0 ,375
20 ,7 5 0
2 6 ,125
174,360
50,875
5 0,500
5 ,250
19,190

$7 2 6 ,0 0 0

$ 7 3 6,237

$1 5 0 ,0 0 0

200,000
3 0 ,0 0 0
20,000

Bank Stocks.
20
15
10
50
9
50
20

shares
shares
shares
shares
shares
shares
shares

Merchants National Bank, Boston,
National Bank of Commerce, Boston,
National Exchange Bank, Boston,
Second National Bank, Boston,
First National Bank, Northam pton,
Northam pton N ’l B ’k, N ortham pton,
C ity National Bank, W orcester,

$

2,000
1,500
1,000
5 ,000
900
5,000
-

$15,4 0 0

.

Estimated
Market Value.

P ublic Funds.
Massachusetts 3 .¿-s,.
City of Boston, Mass., 4s,
Cambridge, M ass., 4s, .
Grand Rapids, M ich., 4Js,
Manchester, N . H ., 4-|s,
N ortham pton, Mass., 3-j-s,
N ortham pton, Mass., 4s,
Providence, R . I., 4s, .
Springfield, O ., 5s,
T ow n of Meriden, Conn., 4-Js, .

$190 00
2 00 00
1,225 00
1,000 00
4 00 00
600 00
1,400 00
200 00
7 00 00

00 $1 5 0 ,0 0 0 00
00 200,000 00
00 30 ,0 0 0 00
00 20,000 00
00 2 5,000 00
00 177,000 00
00 5 0,000 00
00 5 0,000 00
5 ,000 00
00
00 19,000 00
00 $7 2 6 ,0 0 0 00

00
00
00
00
00
10,000 00
200 00
$30,7 2 0 00
$ 4,200
2 ,400
1,600
11,150
1,170

Book Value.

$

2,000 00
1,500 00
1,000 00
5 ,000 00
900 00
5 ,000 00

$ 1 5 ,4 0 0

00

Railroad Bonds.
Boston, Clinton, Fitchburg & New Bedford R .R .
5s,
.
.
.
.
.
.
Burlington & Missouri R iver R .R . s,
Chicago, Burlington & Quincy R .R . 3^s, .
Chicago, Burlington & Quincy R .R . 5s,
Chicago & Northwestern R .R . 3Js, .
Cleveland & Pittsburgh R .R . 3|s,
Fitchburg R .R . 4s,
.
.
.
.
Hannibal & St. Joseph R .R . s,
Illinois Central R .R . 3 js,
Lake Shore & Michigan Southern R .R . 3|s,
Maine Central R .R . 4-J-s,
Michigan Central R .R . SQ-s,
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew Y o rk & New England R .R . 4s,
N ew Y ork, New H aven & H artford R .R . 4s,
Northern Maine Seaport R .R . 5s,
O ld Colony R .R . 4s,
.
.
.

$40,0 0 0
25 ,0 0 0
7 5 ,000
4 8 ,0 0 0
5 0 ,000
25 ,0 0 0
150,000
40 ,0 0 0

6

6

100,000
5 0,000
5 0,000

100,000
5 0,000
95 ,0 0 0
165,000
50 ,0 0 0
80,0 0 0
$1,1 9 3 ,0 0 0

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3 js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$

200,000

$41,2 0 0
2 7 ,500
69,750
5 1 ,840
48 ,0 0 0
23 ,7 5 0
152,250
43 ,2 0 0
92 ,0 0 0
47 ,5 0 0
5 1,500
95 ,0 0 0
5 8,000
107,350
167,560
5 5,750
82,7 5 0

00 $40,0 0 0 00
00 2 5,000 00
00 72,875 00
00 48 ,0 0 0 00
00 48 ,5 0 0 00
00 2 5,000 00
00 150,000 00
00 40 ,0 0 0 00
00 100,000 00
00 49 ,8 7 5 00
00 5 0,000 00
00 95 ,0 0 0 00
00 5 0,000 00
00 95 ,0 0 0 00
00 165,000 00
00 50 ,0 0 0 00
00 8 0 ,0 0 0 00

$ 1 ,2 1 4 ,9 0 0 00 $ 1 ,1 8 4 ,2 5 0 00

$ 2 0 8 ,0 0 0

00 $ 220,000 00

297

BANK COMMISSIONER.

No. 8.]

Northampton Institution for Savings —

C oncluded.

Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

Rate,

Amount.

$ 3 1 2 ,6 2 5
5 0.0 00
7 0.0 00
1 ,7 7 9 ,7 3 0

00
00
00
41

4f
4f
4f
5

R e a l E s t a t e fo r B a n k in g P u rp o se s
A m ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.

:—
.
.
.

.
.
.

$ 2 4 ,6 4 5
3 2 ,1 2 0
8 5 .0 0 0
1 2 9 ,2 5 0
6 0 .0 0 0

71
64
00
00
00

2
3
3^
4
4f

per
per
per
per
per

ce n t.
ce n t.
ce n t.
ce n t.
ce n t.

R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

ce n t.
ce n t.
ce n t.
ce n t.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

.
.
6

Y

.
.
.

,

.

per
per
per
per

ce n t.
ce n t.
ce n t.
ce n t.

$ 2 7 ,0 0 0 00
30,0 0 0 00
26 ,6 0 0

00

.

.
.

.

.

6 5,862 79
67,970 00
11,278
771,1 0 0 23
’ 8 ,9 6 8

.
.
.

779,972 23

.
.
.

.

.

1,534
1,240
11,834
574
6 1 2 ,9 5 7 95
592
215,1 7 0 59

ear,

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, I f per cent.,
.
.
.
October, 1906, 2 per cent., .
.
.

.
.

D ate

11.

of

5f
5£
5f
6

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year,
$7 ,4 5 5 00
$1,971 83
Percentage to total assets,
. 00146
.0 0 0 3 8
for

00
00
00
00

.
.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding S 3,000 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y m ortgage of real estate,

T otal E x p e n se s

$ 1 3 6 ,0 0 0
6 1 ,3 2 5
2 5 ,0 0 0
8 1 ,1 1 0

O t h e r w is e : —
.
.
.
.
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.
D e p o sit A cco u n t s : —
Num ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1 9 0

per
per
per
per

Rate.

Amount.

E x a m in a t io n , S e p t e m b e r 10

and

.
.

Total.
$ 9,426 83
.0 0 1 8 4
$79,5 0 9 56
9 2 ,6 2 6 58

1 7 2 ,13 6 14

NORTH AVEN U E SAVINGS BANK — CAMBRIDGE.
C h a r l e s F . S t r a t t o n , President.
M il t o n L . W a l t o n , Treasurer.
W il l ia m H . G o o d n o w , Clerk of the Corporation.

Investment C om m ittee : Ch a r l e s
W

il l ia m

F . Str atto n , W a r r e n L . H ooper,
E . H u t c h in s , E d w a r d L . G r u e b y , L e r o y S. B r o w n .

Incorporated March 7, 1872.

Open for business every business day, 9
also Saturdays,
to
p .m .

6

8

a .m .

to 1

p . m .;

Deposits commence to draw interest the tenth day of January, April, July and October.
Dividends are payable the tenth day of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

298

[Pub. Doc

North Avenue Savings Bank— Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

00
00
00
00
00
200 00
700 00
104,455 00
1,060 00
660,5 1 5 00
3 19,700 00
12,561 88
5,903 00
.1 5 ,2 4 0 14
1,754 11
2,741 66

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds,
Boston Terminal Com pany bonds,
Loan on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
B ank building and fixtures,
Deposits in banks, on interest,
Interest account,
Cash on hand, .
.
.
.

$188,027
12,450
225,711
66 ,5 0 0
5 ,000

Deposits,
G uaranty fund,
Profit and loss account,

$ 1 ,5 4 5 ,6 1 2 12
57,5 0 0 00
1 9,406 67

$ 1 ,6 2 2 ,5 1 8 79

$ 1 ,6 2 2 ,5 1 8 79

C a s h o n D e p o sit in B a n k s , A m o u n t in E a c h : —
Faneuil H all National Bank, Boston,
National Bank of the Republic, Boston,

$3,731 20
11,508 94

L o a n o n B a n k St o c k s : —
7 shares South Berwick National Bank, South Berwick, M e.,
L oan

6

$200 00

R a il r o a d S t o c k s : —
shares Boston & Maine R .R .,

on

Schedule

of

$700 00

Securities Owned.

Par Value.

Estimated
Market Value.

Book Value.

P u b lic F u n d s .

C it y o f A k r o n , O ., 5s,
.
.
.
.
A lle g h e n y , P a ., 3 -¡Is,
.
.
.
B o s t o n , M ass., 3^s,
.
.
.
B r o c k t o n , M ass., 4s,
C h ica g o, 111., 3^s,
.
.
.
C h ica g o, 111., 4s, .
.
.
.
D u b u q u e , l a ., 4s,
.
.
.
F a ll R iv e r , M ass., 3-2s , .
.
.
J o h n s to w n , P a ., 3-|-s, .
.
.
K a n sa s C ity , M o., 4-^-s,
M ilw a u k ee, W is ., 4s, .
.
.
N e w L o n d o n , C on n ., 3-Js,
S ag in a w , M ich ., 4s,
.
.
.
S om erv ille, M ass., 3^s,
S o m e r v ille , M ass., 4s, .
.
.
W ilk e s -B a r re , P a ., 3^s,
.
Y o u n g s t o w n , O ., 4-|-s, .
.
.
Y o u n g s t o w n , O ., 5s,
.
.
.
T o w n o f L is b o n , N . H ., 3^s, .
.
.
L in c o ln , M ass., 3 jS , .
.
.
L e x in g to n , M ass., 3^s,
M ansfield , M ass., 4s, .
.
.
M a rb leh ea d , M ass., 4s,
P a lm e r, M ass., 3^s, .
.
.
R e v e r e , M ass., 4s,
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

.

$ 1 ,0 0 0
1,0 0 0
1 0 ,0 00
5 ,0 0 0
5 ,0 0 0
15,0 00
5 ,0 0 0
10.0 00
2 ,0 0 0
2 0 ,0 0 0
9 ,0 0 0
1,0 0 0
5 ,0 0 0
10,0 00
10,0 00
10,0 00
1,0 0 0
5 ,0 0 0
3 ,0 0 0
1 0 ,0 00
5 ,0 0 0
10,0 00
5 ,0 0 0
9 ,6 0 0
3 ,0 0 0

* Legal investments when made.

$ 1 ,0 0 0
9 80
9 ,6 0 0
5 ,1 5 0
4 ,9 5 0
1 5,0 40
5 ,0 2 5
9 ,9 0 0
1 ,9 0 0
2 1 ,0 0 0
9 ,1 0 0
950
5 ,0 0 0
9 ,9 0 0
1 0 ,0 00
9 ,9 0 0
1 ,0 0 0
5 ,2 0 0
2 ,9 1 0
9 ,6 0 0
4 ,9 5 0
1 0,2 00
5 ,0 5 0
9 ,6 0 0
3 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$ 1 ,0 0 0
1 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
4 ,9 7 5
1 5,0 00
5 ,0 0 0
1 0,0 00
2 ,0 0 0
2 0 ,0 0 0
9 .0 0 0
985
5 ,0 0 0
1 0 ,0 00
1 0 ,0 0 0
1 0 ,0 0 0
1 ,0 0 0
4 ,4 7 5
3 ,0 0 0
1 0,0 00
5 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
9 ,6 0 0
3 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00*
00
00
00
00
00
00

BANK COMMISSIONER

No. 8.]

299

Worth Avenue Savings Bank — Continued.
S chedule

of

Par Value.

Se c u rities O w n ed .

P ublic Funds — Concluded.
Tow n of St. Johnsbury, V t., 4s,
W alpole, N . H ., 3*s, .
.
.
W atertow n , M ass., 4s,

$ 7,000

1,000
10,000

.

$ 1 8 8,600

Estimated
Market Value.

00
1,000 00
10,000 00
$188,905 00
$ 7,000

Bank Stocks.
106 shares Faneuil H all National Bank, Boston,
5 shares National Exchange Bank, Boston,
15 shares First National Bank, Marlborough, .

$10,600
500
1,500

$ 15,370
800
1,875

$12,6 0 0

$ 18,045

Railroad Bonds.
B oyer V alley R .R . 34s, .
.
.
.
.
Chicago, Burlington & Quincy R .R . 34s, .
Chicago, Burlington & Quincy R .R . 4s,
Chicago & Northwestern R .R . 5s,
Cleveland & Pittsburgh R .R . 34s,
Concord & Montreal R .R 4s, .
.
.
.
Connecticut R iver R .R . 34s, .
.
.
.
D exter & Piscataquis R .R . 4s,
.
.
.
Erie & Pittsburgh R .R . 34s, .
.
.
.
Fitchburg R .R . 34s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
.
Illinois Central R .R . 34s,
.
.
.
.
K ansas City, St. Joseph & Council Bluffs R .R . 7s,
Milwaukee, Lake Shore & W estern R .R . 5s,
N ew York, New H aven & Hartford R .R . 34s, .
N ew Y ork, New H aven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
O ttum w a, Cedar Falls & St. Paul R .R . 5s,
Portland & Ogdensburg R .R . 34s,
Portland & Ogdensburg R .R . 5s,
Princeton & Northwestern R .R . 34s,
U pper Coos R .R . 4s,
.
.
.
.
.
U pper Coos R .R . 44s,
.
.
.
.
.
W ashington County R .R . 34s,

$

10,000
20,000
5 ,000
5 ,000

10,000
5,000
4 ,000

1,000
5 ,000
10,000
2,000
10,000
32,0 0 0
17,000

1,000
40,0 0 0
1,000
3 ,000
2,000
15,000
2,000
15,000
5,000
5 ,000
5,000
$230,000

Street Railway Bonds.
Boston Consolidated Street R ailw ay Co. 5s,
E ast Middlesex Street R ailw ay Company 4s,
Gloucester Street R ailw av Com pany 5s, .
Lowell & Suburban Street Railw ay Company 5s,
Lowell, Lawrence & Haverhill Street R ailw ay
Company 5s,
.
.
.
.
.
L vnn & Boston Railroad Com pany 5s,
Merrimac V alley Street R ailw ay Company 5s, .
Naum keag Street R ailw ay Com pany 5s, .
N ew ton Street R ailw ay Company 5s,
W e st E nd Street R ailw ay Com pany 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

00
00
00
00
00
00
00
1,010 00
4 ,7 5 0 00
9 ,5 0 0 00
2,020 00
8,000 00
2 9,440 00
17,000 00
1,005 00
36 ,6 0 0 00
1,010 00
3 ,120 00
2 ,040 00
14,850 00
2 ,030 00
14,250 00
5,000 00
5,350 00
4 ,600 00
$218,265 00
$ 9,500
18,500
5,125
5 ,125
9 ,5 0 0
5 ,100
3 ,840

$7 ,0 0 0 00
992 00

10,000 00

$188,0 2 7 00

00

$ 1 0 ,6 0 0
500 00
1,350 00
$ 1 2 ,4 5 0 00

$

10,000 00
20,000 00
5 ,0 0 0 00
5 ,0 0 0 00

10,000 00
5 ,0 0 0 00
4 ,0 0 0 00

1,000 00
5 ,0 0 0 00
10,000 00
2,000 00
8 ,8 5 0 00
30 ,8 4 8 00
17,000

00
1,000 00
3 8 ,9 0 0 00
1,000 00
3 ,0 0 0 00
2,000 00
15,000 00
2,000 00
14,363
5 ,0 0 0
5 ,000
4 ,7 5 0

00
00
00
00

$225,711 00

00
2,020 00
1,000 00
6,120 00
4 ,000
4 ,000 00
5,000
5,000 00
14,000
14,280 00
15,240 00
15,000
2 ,600 00
2 ,500
2,000
2,010 00
$ 66,500
$67,270 00

$ 1 5 ,0 0 0 00

00

$5 ,0 0 0 00

$15,000

2,000
1,000
6,000

$ 15,000

Boston Term inal Com pany Bonds.
Boston Terminal Company 34s,

Book Value.

$ 5 ,000

* Legal investments when made.

$ 5,200

2,000 00
1,000 00*
6,000 00*

4 ,0 0 0
5 ,000
14,000
15,000
2 ,5 0 0

00*
00*
00*
00*
00*

2,000 00

$66,5 0 0 00

300

REPORT OF THE

[Pub. Doc

North Avenue Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Amount.

$3,731 20
11,508 94
6 8,455 00

10,000 00
11,000 00

Rate.

Amount.

2 per cent.
2-J- per cent.
4 per cent.
4-J per cent.
4| per cent.

Rate.

$5 ,0 0 0 00

4 A per
per
4») per
4 f per

10,000 00 4*

145,525 00
5 4 ,5 0 0 00

R e a l E s t a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
E stim ated value,
.
.
.
Assessed value, .
.
.
.

:—
.
.
.

.
.
.

Amount.

Rate.

00

cent.
cent.
cent.
cent.

$6 8 8 ,6 6 0
3 2 ,5 0 0 00
37 ,0 8 0 00
23 ,9 1 0 00

.
.
.

D e p o s it A cco u n t s : —
N um ber opened during year,
Num ber closed during year,
T otal num ber Oct. 31, 1 9 0 6 ,.

.
.
.

.
.

88

12,561
12 ,7 3 0 00
120 24

.

7 ,449

.

339,5 5 7 85
4 ,4 6 3

.

.
.
.

.
.
.
.

295,799 35

.
.
.

773
533
5,476

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $3,0 0 0 each,
A m ou n t of same,
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

174
363,6 5 5

ear,

7 1 ,5 7 4 07

ear

00

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
.
July, 1906, I f per cent.,
.
.
.
D ate

of

00

237

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 2 ,4 5 0
$1,8 3 6 63
Percentage to total assets, .
.0 0 1 5 1
.0 0 1 1 3
for

6

$ 5 ,9 0 3 00
6 ,707 00
. 5 ,3 0 0 00

R e a l E s t a t e b y F o r e c lo su r e o r O t h e r w is e : —
A m ount invested,
.
.
.
.
.
.
Assessed value, .
.
.
.
.
.
.
N et income during year,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

5 per cent.
5 } per cent5| per cent.
per cent.

.
.

.
.

Total.
$4 ,2 8 6 63
.0 0 2 6 4
$ 2 4 ,1 2 0 38
2 4,983 03

49 ,1 0 3 41

E x a m in a t io n , A pr il 3.

NORTH BROOKFIELD SAVINGS BANK — NORTH BROOKFIELD.
G e o r g e R . H a m a n t , President.
C h a r l e s E . B a t c h e l l e r , Treasurer.
C h a r l e s E . B a t c h e l l e r , Clerk of the Corporation.

Investment Committee:

G eorge

R , H a m a n t , Su m n e r
E . A llen H arw ood.

H

olm es,

A l b e r t H . F o st e r ,

Incorporated F eb. 28, 1854. Open for business every business day except Saturdays,
9 a . m . to 1 p . m . ; 2 to 4 p . m . ; Saturdays, 9 a . m . to
m.

12

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the third day of January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK COMMISSIONER

No. 8.]

301

North Brookfield Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

L ia b il it ie s .

A ssets .

00
112,000 00
25 .0 0 0 00
2 8 .0 0 0 00

$ 6 0 ,0 0 0
1 ,400 00

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Com pany bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Real estate b y foreclosure, etc., .
B a n k building and fixtures,
Expense account,
D eposits in banks, on interest,
Cash on hand, .
.
.
.

Deposits,
G uaranty fund, .
Profit and loss ac­
count,

$ 5 4 1 ,8 8 9 78
3 9 ,5 0 0 00
2 6 ,3 9 6 48

338,5 0 0 00
31 ,7 0 0 00

8,000 00
178 88
1,612 78
1,394 60

$607,786 26

$607,786 26

C a sh o n D e p o sit i n B a n k s , A m o u n t i n E a c h : —
National Shawmut Bank, Boston, .
.
.
.
W orcester Trust Company, W orcester, .
.
.

S chedule

of

.
.

Par Value.

Se c u r itie s O w n ed .

P ublic F unds.
County of Aroostook, M e., 4£s,
C ity of Canton, O ., 5s, .
Cleveland, O ., 5s,
.
Chicago, 111., 4s,
.
D ayton, O ., 5s, .
Kansas City, M o., 4Js,
Stam ford, Conn., 4s, .

$ 7,000
.
.

.
.

.
.

10,000
1,000
10,000
18,000
10,000
4 ,0 0 0

$60,0 0 0

Bank Stocks.
10 shares E liot National Bank, Boston,
4 shares W are National Bank, W are,

$

1,000
400

$1 ,4 0 0

Railroad Bonds.
Boston & A lb an y R .R . 4s,
.
.
.
.
Boston, Clinton, Eitchburg & .New Bedford R .R .
5 s , .....................................................................................
Boston & Maine R .R . 4s,
.
.
.
.
Concord & Montreal R .R . 4s, .
Maine Central R .R . 4s, .
.
.
.
.
Maine Central R .R . 7s, .
.
.
.
.
N ew Y ork , New H a ven & H artford R .R . 4s,
Old Colony R .R . 4s,
.
.
.
.
.
Portsm outh, Great Falls & Conway R .R . 4Js, .
U pper Coos R .R . 4^s,
.
.
.
.
.

$7 ,0 0 0
5 ,000

20,000
15,000
5 ,000
15,000

20,000
5 ,000
10,000
10,000
$ 112,000

.
.

.
.

Estimated
Market Valúe.

00
10,100 00
1,000 00
10,162 50
19,740 00
10,550 00
4 ,0 8 0 00

$7,175

$62,807 50

2,000 00
440 00
$ 2,440 00
$


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$25,000

* Legal investments when made.

Book Value.

$7 ,0 0 0 00

10,000 00*
1,000 00*
10,000 00
1 8 ,000 00
10,000 00
4 ,0 0 0 00

$ 6 0 ,0 0 0

$

00

1,000 00
4 0 0 00

$ 1 ,4 0 0 00

00 $7 ,0 0 0 00
5 ,0 0 0 00
5,150 00
20,000 00
2 0,400 00
1 5,000 00
15,220 00
5,000 00
5 ,0 0 0 00
1 5,000 00
17,100 00
20 ,4 0 0 00
20,000 00
5 ,0 0 0 00
5,125 00
11,100 00 10,000 00
10,000 00
10,700 00
$117,265 00 $ 112,000 00
$7,070

Boston Term inal Com pany Bonds.
Boston Term inal Com pany 3-js,

$1 ,1 4 4 89
467 89

$26,000

00

$ 2 5 ,0 0 0 00

302

DEPORT OF THE

[Pub. Doc

North Brookfield Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest .
Amount.

Rate.

$ 1 ,612 78
18,000

00

Amount.

2

Rate.

10,000 00

per cent.
3 f per cent.

$
156,800 00

R e a l E s t a t e fo r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
R e a l E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

:—
.
.
.

4
5

per cent.
per cent.

$8,000 00

10,000 00
10,000 00

O t h e r w is e : —
.
.
.
.
.

.
.
.

3 1.700 00
52 .7 0 0 00

.
.

.

.

.
.
.
.

.
.
.

.
.
.

.
.
.

.

.
.
.

.
.
.

Y

d u r in g

Y

of

.

778
.
1,200
.

57,121 54
5 8 ,5 0 9 93

162
140
1,960
256
.
.

.

2 2 8 ,8 0 0
284

00

25,2 1 6 59

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, 2 per cent., .
.
July, 1906, 2 per cent.,
.
.
D ate

.

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $1 ,3 2 2 25
$343 87
Percentage to total assets, .
.0 0 2 1 7
.0 0 0 5 6
fo r

5£ per cent.

.
.
.

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
r e c e iv e d

$ 1 8 1,700 00

.

D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

G ross I n c o m e

Rate.

or

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.

T o tal E x p e n se s

Amount.

.

.
.

68

.
.

Total.
$1 ,6 6 6 12
.0 0 2 7 3

.

$10,1 9 4
10,328 00

2 0,522

68

E x a m in a t io n , A u g u s t 7.

NORTH EASTON SAVINGS BANK — NORTH EASTON.
W

il l ia m

H.

A m e s , President.
C h e s t e r R. F ie l d , Treasurer.
C h e s t e r R. F ie l d , Clerk of the Corporation.
W il l ia m H. A m e s , H e n r y W. F r e n c h , O a k e s A m e s ,
G e o r g e E. S h e p a r d , W. K. G o w a r d .

Investment Committee:

8

Incorporated F eb. , 1864.
9 a . m . to

Open for business every business day except Saturdays,
1.30 to 3 p . m .; Saturdays, 9 a . m . to
m.

12 m .;

12

Deposits commence to draw interest the fifteenth day of January, April, July and October.
Dividends are payable the fifteenth day of April and October.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

303

North Easton Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

00
22
00
00
00
666,000 00
4 ,0 2 2 12
40,0 0 0 00

Public funds,
.
.
.
.
Bank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds, .
Boston Terminal Company bonds,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc.,
B ank building and fixtu res,.
Expense account,
Premium account,
Suspense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$51,5 5 0
2 6,059
281,308 89
15,000
5 ,000
30,0 0 0
7 89,419 46

325
15,249
6,386
6 4 ,2 7 4
2 ,345

Deposits,
Guaranty fund,
Profit and loss account,

$1,9 0 8 ,1 7 3 84
8 1,974 19
6,791 74

26
03
40

11

28

$1,996,939 77

$ 1 ,9 96,939 77

C a sh o n D e p o s it i n B a n k s , A m o u n t i n E a c h : —
National Shawm ut Bank, Boston,
First National Bank, N orth Easton,

S chedule

of

Se c u rities O w n ed .

$ 2 5 ,6 9 7 59
3 8,576 52

Par Value.

Estimated
Market Value.

$ 5,550

$5 ,5 7 0 81

$ 5 ,5 5 0 00

15,000
30 ,0 0 0

15,112 50
30 ,3 7 5 00

15,000 00
3 0 ,0 0 0 00

$51,550

$52,0 6 8 31

$ 5 1 ,5 5 0 00

$ 4 ,000
2,500
420
400
3 ,000
5 ,000
3 ,800
700

$ 1 0 ,9 2 0 00
3 ,5 0 0 00

$19,8 2 0

$29,8 0 4 00

$26,059 22

$25,0 0 0

$ 2 5 ,0 0 0
19,150
11,250
32,5 5 0
20,3 0 0
5 ,112
9 ,6 0 0
20,1 6 8
3 ,7 5 0
20,2 5 0
13,875
10,225

$ 2 5 ,0 0 0 00

Book Value.

P ublic Funds.
C ity of Malden, Mass., 4s,
Marlborough, Mass., 4s,
T ow n of Randolph, M ass., 4s,
N orth Easton, Mass. (Village D istrict), 4s,

1,000

1,010 00

1,000 00

Bank Stocks.
40
25
12
4
30
50
38
7

shares
shares
shares
shares
shares
shares
shares
shares

National Shawmut Bank, Boston,
New England National Bank, Boston,
Trem ont National Bank, Boston,
W ebster and Atlas N a t’l B ’k, Boston, .
Neponset National Bank, Canton,
First N ’l B ’k of Easton, North Easton,
Bristol County N ’l Bank, Taunton,
Taunton National Bank, Taunton,

12 00

592
3 ,0 0 0
7 ,0 0 0
4 ,0 6 6
714

00
00
00
00
00

$

6,000 00
3 ,325
132
484
5 ,136
5 ,5 0 0
A 560
92 0

00
50
80
42
00

00
50

Railroad Bonds.
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 3Js,
Boston & Maine R .R . 4-|s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 3^s, .
Concord & Montreal R .R . 4s, .
D exter & Piscataquis R .R . 4s,
.
.
.
Fitchburg R .R . 3 Js,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
Grafton & U pton R .R . 4s,
Illinois Central R .R . 3s, .
Illinois Central R .R . 3^-s,
.
.
.
.
Illinois Central R .R . 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

20,000
10,000
3 5,000
20,000
5 ,000
10,000
20,000
5,000
2 5,000
15,000

10,000

* A legal investm ent when m ade.

00
00
00
00
00
50
00
75
00
00
00
00

20,000 00
10,000 00
3 5 ,0 0 0 00
20,000 00
5 ,0 0 0 00
9 ,5 9 2 22

20,000 00
5 ,000 00*
2 1,716 67
15,000 00

10,000 00

REPORT OF THE

304

North Easton Savings Bank —
S chedule

of

[Pub. Doc
C onclud ed .
Estimated
Market Value.

Par Value.

Secu r itie s O w n ed .

Railroad Bonds — Concluded.
N ew Y o rk , New H aven & H artford R .R . 3Js,
N ew Y ork , New H aven & H artford R .R . 4s,
O ld Colony R .R . 4s,
.
.
.
.
Portland & R um ford Falls R .R . 4s,
R um ford Falls & R angeley Lakes R .R . 5 s ,.

$

.

20,000

00
00
00
00
00

$ 18,400
36 ,4 0 0
15,568 75
5 ,000
11,300

35 ,0 0 0
15,000
5 ,0 0 0

10,000

$ 2 7 7,900

$2 8 5 ,0 0 0

Book Value.

$

20,000 00
35,0 0 0 00
1 5,000 00
5 ,0 0 0 00

10,000 00

$2 8 1 ,3 0 8 89

Street R ailw ay Bonds.
W e st E n d Street R ailw ay Com pany 4s,

$15,0 0 0

.

$15,1 6 8 75

Boston Term inal Com pany Bonds.
$5 ,0 0 0

B oston Terminal Com pany 3|s,

$ 5 ,2 0 0

$15,0 0 0 00

00

$ 5 ,0 0 0 00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Amount.

Rate.

2

$ 1 6 3,000
697,181
4 ,0 0 0
220,8 7 4

00
00
00
71

R e a l E st a t e f o r B a n k in g P u r p o s e s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.

:—
.
.
.

$ 64,274 11
80 ,0 0 0
177,300 00
35 ,0 0 0 00

00

per cent.
4 per cent.
4-J per cent.
4 f per cent.

4f
5
5J
5-|

per
per
per
per

$

cent.
cent.
cent.
cent.

20,000 00
8 8,063 75

D e p o s it A c co u n t s : —
N um ber opened during year,
N um ber closed during year, .
Total number O ct. 31, 1 9 0 6 ,.

.

00

.
.

4 ,0 2 2 12
1,250 00

.
.
.
.

.
.

.
.
.

.
.

.

.
.
.
.

.
.
.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

2

of

E x a m i n a t i o n , M a y 24.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3 3 0 ,2 7 8 06
217,893 87

567
311
3,977

.
.

223
.
.

292,2 3 2 46

.
270

84 ,1 1 8 20

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
April, 1906, 2 per cent.,
.
.
October, 1906,
per cent., .
.
D ate

.

3 ,018
.
2 ,067
.

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m ount paid during year, . $ 2,891 13
$893 59
Percentage to total assets, .
.0 0 1 4 4
.0 0 0 4 5
for

.

.
.
.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3 ,0 0 0 each,
.
.
.
.
A m ount of same,
.
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,

T otal E x p e n s e s

5 f per cent.
per cent.

6

$ 4 0 ,0 0 0 00
4 0 ,0 0 0 00
21,2 6 0

.
.
.

R e a l E s t a t e b y F o r e c l o su r e or O t h e r w is e : —
Am ount invested,
.
.
.
.
.
Assessed value (part o n l y ) , .....................................
D e p o sit s a n d W it h d r a w a l s : —
N um ber of deposits during year, .
.
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.

Rate.

Amount.

Rate.

.
.

.
.

.
.

Total.
$ 3,784 72
.0 0 1 8 9
$34,0 7 7 40
3 5 ,8 4 4 57

69,921 97

No. 8.]

BANK COMMISSIONER

305

NORTH END SAVINGS BANK — BOSTON.
C l in t o n V il e s , President.
F r a n k E . B u x t o n . Treasurer.
J o h n H . C o l b y , Clerk of the Corporation.

Investment Committee:

J o h n T . B u r n e t t , Ch a r l e s L . B u r r il l , F r e d e r ic O . N o r t h ,
I n c r e a s e E . N o y e s , W il l ia m G. S h il l a b e r , Cl in t o n V il e s , C h ar l e s E . W ig g in ,
S id n e y F . S q u ir e s .

Incorporated Feb. 17, 1870.
Open for business every business day, 9
also Saturdays, for deposits only, until
p .m .

a .m .

8

to 2

p . m .;

Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Com pany bonds,
Loan on public funds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
Expense account,
Deposits in banks, on interest,
Cash on hand, .
.
.
.

$ 1 1 4,705
7 4 ,807
606,299
2 17,737
5 ,0 0 0
13,200
1,600
4 0 ,0 0 0
2,210 ,9 1 3
1 ,428,300
36 ,4 1 8
5 ,6 6 7
151,500
2 ,2 6 2

00
03
10
00
00
00

$ 4 ,6 2 8 ,1 1 2 27
150,600 00

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

8 5,518 55
4 4,178 61

00

00
00
00
40
56
00
34

$4,9 0 8 ,4 0 9 43

$4,9 0 8 ,4 0 9 43

C a s h o n D e p o s it i n B a n k s , A m o u n t i n E a c h : —
Beacon Trust Company, Boston, .
First National Bank, Boston,
Metropolitan National Bank, Boston,
National Bank of the Republic, Boston,
Puritan Trust Company, Boston, .
U nited States Trust Company, Boston, .

00
00
00
6,000 00
6,000 00
16,000 00

$10,6 0 0
35 ,5 0 0
77,400

L o a n o n P u b l ic F u n d s : —
$5 ,0 0 0 City of Boston, M ass., 3-|s,.
L oans

$ 5,000

B a n k St o c k s , A m o u n t o n E a c h : —
shares Fourth National Bank, Boston,
shares Puritan Trust Company, Boston, .
shares Puritan Trust Company, Boston, .
shares First National Bank, Chelsea,*

on

5
27
20
100

L o a n o n R a il r o a d S t o c k s : -—
9 shares Boston & A lb an y R .R .,

00

00
00
2,000 00
8,000 00
$500
2,700

.

$1 ,6 0 0

00

* In liquidation.

S chedule

op

Se c u rities O w n ed .

Par Value.

Estimated
Market Value.

Book Value.

$50,0 0 0
13,500
29 ,9 0 0

$ 4 7 ,7 5 0 00
13,500 00
2 9 ,9 0 0 00

$51,3 0 5 00
13,500 00
29,9 0 0 00

$ 1 1 3,400

$ 1 1 1,350 00

$ 1 1 4,705 00

Public Funds.
C ity of Boston, Mass., 3^s,
.
.
.
Haverhill, Mass., 4s, .
.
.
Rockford, 111., 4^s,
.
.
.
Town of Mansfield, Mass. (W a te r District),
W atertow n , M ass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
4s, .

10,000
10,000

10,200 00
10,000 00

10,000 00
10,000 00

306

REPORT OF THE

[Pub. Doc

North End Savings Bank — Continued.
S chedule

of

Par Value.

Secu r itie s O w n e d .

Bank Stocks.
38
25
21
25
100
50
35
55

6

106
25
22
13
52

shares Eliot National Bank, Boston, .
shares First National Bank, Boston, .
shares Freemans National Bank, Boston,
shares Merchants National Bank, Boston, .
shares M etropolitan N a t’l Bank, Boston,
shares National B ank of Commerce, Boston,
shares N a t’l Bank of the Republic, Boston, .
shares National Shawmut Bank, Boston,
shares National Union Bank, Boston,
shares New England National Bank, Boston,
shares Second National Bank, Boston,
shares State National Bank, Boston, .
shares Tremont National Bank, Boston,
shares W ebster and A tlas N a t’l B ’k, Boston,

00
00
2,100
00
2 ,500
00
10,000
00
5 ,000
8,000 00
3 ,500
5,775 00
5 ,500
15,015 00
600
1,080 00
10,600
14,840 00
2 ,500
5,575 00
2,200
3,278 00
455
13 00
5,200
7,696 00
$95,812 00
$56,455
$3 ,8 0 0
2 ,5 0 0

Railroad Bonds.
Boston & Maine R .R . 3-^s,
Chicago, Burlington & Quincy R .R . 3-Js, .
Concord & Montreal R .R . 4s, .
Erie & Pittsburgh R .R . 3^s,
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
Illinois Central R .R . 3^s,
Michigan Central R .R . 3-Js,
N ew Y ork , New H aven & H artford R .R . 3-Js,
N ew Y ork , New H aven & H artford R .R . 4s,
Penobscot Shore Line R .R . 4s,
T ro y & Boston R .R . 7s,
U pper Coos R .R . 4s,

Estimated
Market Value.

$25,0 0 0
7 5,000
2 5,000
25,0 0 0
145,000
45,0 0 0
2 5,000
25 ,0 0 0
50 ,0 0 0
50 ,0 0 0
25 ,0 0 0
4 0 ,0 0 0

20,000
2 5,000

$4,504
3,306
1,884
3,803
10,522
5,911
5 ,250
9 ,500
847
16,571
4 ,005
2,893

$7,600
7,375
2,415
5,250
11,900

00
00
00
00
00
20,000 00
2 3,000 00
47,0 0 0 00
46,0 0 0 00
2 5,250 00
40 ,4 0 0 00
27,600 00
25 ,0 0 0 00

$23,875
6 9,375
2 5,375
23,750
146,812 50
45,4 5 0

$6 0 0 ,0 0 0

$588,887 50

$2 0 5 ,0 0 0

$213,200

Boston Term inal Com pany Bonds.
Boston Terminal Company 3^s,

Book Value.

00

37

00

50
25
50
37

00
00
50
50
50
79

5,806 75
$74,807 03

$25,0 0 0
7 2 ,750
25,819
25,793
148,815
4 5,356
2 2 ,062
25 ,0 0 0
4 7,750
47 ,2 8 0
2 6 ,562
4 0,637
2 8 ,722
2 4 ,750

00
00
15
67
61
25
50

$606,299

00
00
00
50
00
42
00
10

$217,737

00

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

$134,9 0 0 00
16,600
355,800 00
7 5 ,0 0 0 00

00

2

-J per
3 per
4 per
4J per

cent.
cent.
cent.
cent.

Amount.

Rate.

Amount.

Rate.

$ 5 5 0,737 80
77.000 00

4^ per cent.
4 f per cent.
per ct.
5 per cent.

$2 6 5 ,0 0 0 00
197,150 00
2 3 6 ,3 0 0 00

5^ per cent.
5l¿ per cent.
per cent.

10.000 00 4/5

1 ,932,025 20

R e a i . E s t a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.

or

.
.

O t h e r w is e : —
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ou n t of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

$36,418 40
4 2,775

00

15,914
.

1 ,077,732
Ì 1,248

.

1,103,233

20
66


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

308

North Middlesex Savings Bank — Contiuued.
Ca s h o n D e p o s it i n B a n k s , A m o u n t
First National Bank, Ayer, .
.
N ational Shawm ut Bank, Bos t on, .

in

.

E ach : —
.
.
.
.
.

L o a n s o n B a n k S t o c k s , A m o u n t o n E ac h : —
18 shares First National Bank, Ayer,
.
.
10 shares First National Bank, Ayer,
.
.
10 shares First National B ank, A yer,
.
.

S chedule

of

.
.
.

.
.

.
.

$ 3 ,3 4 5

59

5 ,4 5 2

54

.
.
.

.
.
.

$700

00

800

00

850

00

Par Value.

Se c u r itie s O w n e d .

Estimated
Market Value.

Book Value.

Public Funds.
$ 5 ,0 0 0

$ 5 ,0 8 7

50

$ 5 ,0 0 0

00

3 2 ,0 0 0

3 0 ,8 2 0

00

3 2 ,0 0 0

00

5 ,1 2 5

00

5 ,0 0 0

5 ,0 0 0

00

1 ,0 0 0

1 ,0 2 5

00

1 ,0 0 0

00

9 ,0 0 0

9 ,1 8 0

00

9 ,0 0 0

00

5 ,0 0 0

5 ,1 1 5

00

$ 5 6 ,3 5 2

50

Oi

00

5 ,0 0 0
$ 5 7 ,0 0 0

$ 4 ,0 0 0

$ 6 ,0 0 0

00

$ 4 ,2 4 7

25

500

690

00

970

00

75

00

o
o
o

Massachusetts 3-j-s,.
City of Boston, M ass., 3^s,
Marlborough, M ass., 4s,
T ow n of A thol, M ass., 4s,
Hudson, M ass., 4s,
W alpole, M ass., 4s,

00

B ank Stocks.
40
5
15
10
10
5
15
20
20

shares
shares
shares
shares
shares
shares
shares
shares
shares

First National Bank, Ayer,
Commercial National Bank, Boston, .
Continental National Bank, Boston, .
Eliot National Bank, Boston,
National Shawmut Bank, Boston,
Peoples National Bank, Boston,
State National Bank, Boston,
Prescott National Bank, Lowell,
Merchants National Bank, W orcester,

_

1 ,0 0 0

2 ,0 0 0

00

1 ,3 5 5

00

1 ,0 0 0

2 ,7 3 0

00

1 ,5 0 0

00

500

660

00

840

00

1 ,5 0 0

2 ,2 3 5

00

2 ,1 2 7

46

2 ,0 0 0

2 ,1 2 0

00

3 ,0 1 0

00
00
71

2 ,0 0 0

3 ,2 0 0

00

3 ,0 0 0

$ 1 2 ,5 0 0

$ 1 9 ,7 1 0

00

$ 1 7 ,0 4 9

Railroad Bonds.
$ 1 0 ,0 0 0

$ 9 ,5 5 0

00

$ 1 0 ,0 0 0

00

2 0 ,0 0 0

2 0 ,2 0 0

00

2 0 ,0 0 0

00

1 5 ,0 0 0

.
.

00

1 5 ,0 0 0

00

5 ,4 0 0

00

5 ,0 0 0

00

1 1 ,1 6 0

00

1 2 ,0 0 0

00

2 0 ,0 0 0

2 0 ,4 7 5

00

2 0 ,0 0 0

00

1 5 ,0 0 0

1 4 ,0 4 3

75

1 5 ,0 0 0

00

8 ,0 0 0

8 ,1 2 0

00

8 ,0 0 0

00
00

5 ,0 0 0

4 ,7 7 5

00

5 ,0 0 0

5 ,0 0 0

4 ,7 1 2

50

5 ,0 0 0

00
00

1 5 ,0 0 0

1 4 ,4 0 0

00

1 5 ,0 0 0

1 5 ,0 0 0

1 5 ,3 0 6

25

1 5 ,0 0 0

00

5 ,0 0 0

5 ,2 0 0

00

5 ,0 0 0

00
00

1 0 ,0 0 0

8 ,1 0 0

00

5 ,0 0 0
8 ,8 5 0

1 0 ,0 0 0

9 ,2 5 0

00

1 0 ,0 0 0

00

5 ,0 0 0

5 ,1 1 2

50

00

1 0 ,0 0 0

1 1 ,7 0 0

5 ,0 0 0

5s, .
3-Js,
3-Js,

1 6 ,8 7 5

5 ,0 0 0
1 2 ,0 0 0

5 ,0 6 8

75

00

00

5 ,0 0 0
1 0 ,0 0 0

1 0 ,0 0 0

9 ,4 0 0

00

9 ,9 2 5

00

5 ,0 0 0

4 ,6 0 0

00

5 ,0 0 0

00

6 ,0 0 0

6 ,2 6 5

00

6 ,0 0 0

5 ,0 0 0

4 ,6 7 5

00

4 ,8 6 2

00
50

$ 2 1 6 ,0 0 0

$ 2 1 4 ,3 8 8

75

$ 2 1 4 ,6 3 7

50

$ 3 0 ,0 0 0

$ 3 0 ,9 0 0

00

$ 3 0 ,0 0 0

00

1 5 ,0 0 0

1 5 ,4 5 0

00

1 5 ,0 0 0

00

o

Boston & A lb an y R .R . 3^-s,
Boston & Lowell R .R . 4s,
Boston & Maine R .R . 4-|s,
Boston, Revere Beach & L yn n R .R . 4-|s,
Chicago, Burlington & Quincy R .R . 3-jS,
Chicago, Burlington & Quincy R .R . 4s,
Cleveland & Pittsburgh R .R . 3-|s,
Concord & M ontreal R .R . 4s, .
Connecticut R iver R .R . 3^s, .
Erie & Pittsburgh R .R . 3-|s,
Fitchburg R .R . 3-|s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
Fitchburg R .R . 4-Js,
.
.
.
.
Fitchburg R .R . 5s,
.
.
.
.
Illinois Central R .R . 3s, .
.
.
.
Illinois Central R .R . 3-|s,
Illinois Central R .R . 4s, .
.
.
.
Milwaukee, Lake Shore & W estern R .R .
N ew Y o rk Central & H udson R iver R .R .
N ew Y ork , New H aven & H artford R .R .
Old Colony R .R . 4s,
.
.
.
.
Sioux C ity & Pacific R .R . 31s,

00

$ 4 5 ,0 0 0

00

$ 3 6 ,4 0 0

00

$ 4 0 ,6 3 7

50

00

Street Railw ay Bonds.
Boston Elevated R ailw ay Com pany 4s,
W e st E nd Street R ailw ay Com pany 4s,

CO

CO

$ 4 5 ,0 0 0

Boston Term inal Com pany Bonds.
Boston Terminal Com pany 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 3 5 ,0 0 0

No. 8.]

BANK COMMISSIONER.
North Middlesex Savings Bank —

309

Conclud ed .

Total A m ount of Loans at Specified Rates of Interest.
Amount.

Rate.

Amount.

8,000 00 2

$
55 ,2 0 0 00
7 ,500 00
6 2 ,4 9 4 71

per cent.
3J per cent.
3 f per cent.
4 per cent.

$

20,000 00
53,643 09
2 2 ,500 00

R e a l E s t a t e f o b B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
N et income during year,
.
.

:—
.
.
.
.

Rate.

Amount.

4 59ö- per cent.
4 j per cent.
4 f per cent.

$ 4 5 3,110 02
19,277 00
79 ,0 3 0 40

.
.
.
.

Rate.

5

per cent.

5$ per cent.

6

per cent.

$ 3 5 ,0 0 0 00
35 ,5 0 0 00
26 ,6 0 0
874 23

00

R e a l E st a t e b y F obeclostjbe ob O t h e r w is e : —
A m ount invested,
.
'
.
.
.
.
Assessed value, .
.
.
.
.
.
N et income during year,
.
.
.
.
D e p o sit s a n d W it h d b a w a l s : —
Num ber of deposits during year, .
A m ount of same,
.
.
.
.
Num ber of withdrawals during year,
A m ount of same,
.
.
.
.

5,431 00
5 ,350 00
9 5 57
3,663
220,191 69
2,323
184,455 54

D e p o s it A cco u n t s : —
N um ber opened during year,
N um ber closed during year,
T otal number Oct. 31, 1906,

557
349
4 ,0 4 0

S t a t ist ic s o f L o a n s : —
Num ber not exceeding $ 3 ,000 each,
A m ount of same,
.
.
.
.
Num ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d d u r in g

T o ta l E x p e n s e s

Y

Y

50 ,1 9 3 73

ear

00202

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
January, 1906, I f per cent., .
July, 1906, I f per cent.,
D ate

of

397,3 5 7 22

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $2,4 3 6 59
$996 10
Percentage to total assets, .
.
.0 0 0 8 2
fo r

374
346

.
.

Total.
$3 ,4 3 2 69
.0 0 2 8 4
$ 17,990 38
18,681 85

3 6,672 23

E x a m in a t io n , Ja n u a e y 29.

ORANGE SAVINGS BANK — ORANGE.
F b a n k l in L . W

a t e b s , President.
G eorge W . A n d rew s,

Investment Committee: F . L . W
Incorporated March 30, 1871.

aters,

G e o b g e W . A n d r e w s , Treasurer.

Clerk of the Corporation.

C. A . T o w n e , A . W . B a l l o u , A . J. F is h e r .

Open for business every business day from 9

a .m .

to 3

p.m .

Deposits commence to draw interest the first day of February, M ay, August and N ovem ber.
Dividends are payable the first day of February and August.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

310

REPORT OF THE

[Pub. Doc

Orange Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets .

L ia b il it ie s .

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Boston Terminal Company bonds,
Loans on bank stocks,
Loan on railroad stocks,
Loans to counties, cities or towns,
Loans on real estate, .
Loans on personal security,
R eal estate b y foreclosure, etc., .
R eal estate in possession, .
B ank buildings and fixtures,
Expense account,
Prem ium account,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$ 1 1 7,000 00
19,725 00
373,739 75

$1,684,841 26
6 0,500 00

Deposits,
Guaranty fund, .
Profit and loss ac­
count,
Interest account, .

10,000 00

3 ,5 4 8 75
30 00
26 ,4 0 0 00

59 ,5 4 0 95
3 ,429 23

1, 101,120 00
70,2 9 7
12,672
333
7 ,636
1,011
2 ,8 4 5
5 3 ,3 8 2
3 ,0 0 0
5 ,5 7 0

45
10
08
93
19
00
06
00
13
$ 1 ,8 08,311 44

$ 1 ,8 08,311 44

C a s h o n D e p o s it i n B a n k s , A m o u n t i n E a c h : —
A th o l National Bank, Athol,
Franklin County National Bank, Greenfield, .
N ortham pton National Bank, N ortham pton, .
Orange National Bank, Orange,

$ 10,000 00
11,614 76
5 ,076 52
29 ,6 9 0 78

L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
30 shares H om e National Bank, H olyoke,
4 shares Orange National Bank, Orange,
3 shares Orange National Bank, Orange,
3 shares Orange N ational Bank, Orange,
3 shares Crocker N ational Bank, Turner’s Falls,

$2 ,5 0 0
400
123
225
30 0

L o a n o n R a il r o a d S t o c k s : —
1 share Old Colony R .R .,

S chedule

op

00
00
75
00
00

$30 00

Se c u r itie s O w n ed .

Par Value.

Estimated
Market Value.

$ 4 ,8 0 0 00
5 ,125 00
4 2 ,3 7 2 50

Book Value.

P ublic Funds.
City of Boston, M ass., 3Js,
.
Brockton, M ass., 4s,
.
Chicago, 111., 4s,
.
Laconia, N . H ., 4s,
Malden, M ass., 4s,
.
Manchester, N . H ., 4s , .
Meriden, Conn., 4s,
New Britain, Conn. 4s,
New ton, Mass., 4s,
Rockford, 111., 4^s,
.
Sioux City, la ., 4Js,
.
W orcester, Mass., 4s, .
Tow n of Belm ont, M ass., 4s, .
Plainfield, Conn., 4s,
W atertow n, Mass., 3^s,
W estfield, Mass., 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

.
.
.

.
.
.

$5 ,0 0 0
5 ,000
4 2 ,0 0 0

.
.

.
.

.
.

5 ,000
5 ,000
5,000
5 ,000
5,000
5,000

.
.
.
.
.

.
.
.
.
.

1,000

.
.
.
.
.

10,000
5,000
1,000
3 ,000
7,000

8,000
$117,0 0 0

* A legal investm ent when made,

1,020 00

5 ,1 7 5
5 ,0 5 0
5 ,0 5 0
5 ,1 5 0
5 ,2 2 5
5 ,075
10,400
5 ,000

00
00
00
00
00
00
00
00

1,000 00
3 ,045 00
6 ,8 6 0 00
7,760 00

$118,107 50

$5 ,0 0 0 00
5 ,0 0 0 00
4 2 ,0 0 0 00

1,000 00*

5 ,0 0 0
5 ,000
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0

00
00
00
00
00
00

10,000 00
5 ,0 0 0 00
1,000 00
3 ,0 0 0 00
7 ,000 00

8,000 00
$1 1 7 ,0 0 0 00

No. 8.]

311

BANK COMMISSIONER
Orange Savings Bank — Continued.
S chedule

op

Estimated
Market Value.

Par Value.

Secu r itie s O w n ed .

Bank Stocks.

6 shares Miller’s R iver National Bank, A thol,

.
5 shares Boylston National Bank, Boston,
20 shares First W a rd National Bank, Boston, .
15 shares Trem ont National Bank, Boston,
shares W ebster and A tlas N a t’l Bank, Boston,
43 shares Franklin County N ’l B ’k, Greenfield, .
100 shares Orange National Bank, Orange,
10 shares First National Bank, Springfield,
10 shares Third National Bank, Springfield,

8

.
.
.
.
.
.
.

10,000
19,000
20,000
5 ,0 0 0
10,000
10,000
6 1,000
14,000
15,000
3 3,000
5 ,000
7 0,000
50 ,0 0 0
15,000
17,000

.

2,000
10,000
14,000

$380,000

Boston Term inal Com pany Bonds.
$

Boston Terminal Com pany 34s,

$

500
3 ,5 0 0
15
1,184
4 ,515
18,500
250

—

$

.
.
.
.
34s,
4s,

$600 00
500 00
2,000 00
525 00
800 00
4 ,3 0 0 00
10,000 00
—
1,000 00

1,020 00
00
00
00
525
800
00
4 ,3 0 0
00
00
10,000
00
2,000 00
1,000
$31,4 8 4 00
$ 19,725
$600
500

2,000

Railroad Bonds.
Boston & A lb an y R .R . 4s,
.
.
.
Boston & Lowell R .R . 4s,
.
.
.
Boston & Maine R .R . 3-jS,
.
.
.
Boston & Maine R .R . 4s,
.
.
.
Boston & Maine R .R . 4Js,
.
.
.
Boston, Revere Beach & L ynn R .R . 4^s,
Chicago, Burlington & Quincy R .R . 34s,
Chicago, Burlington & Quincy R .R . 4s,
Fitchburg R .R . 34s,
.
.
.
.
Fitchburg R .R . 4s,
.
.
.
.
G rafton & U pton R .R . 4s,
.
.
.
Illinois Central R .R . 34s,
.
.
.
N ew Y ork , New H aven & Hartford R .R .
N ew Y ork , New H aven & Hartford R .R .
Old Colony R .R . 4s,
.
.
.
.
Plainview R .R . 7 s ,.
Sioux City & Pacific R .R . 34s,
W ashington County R .R . 34s,

•Book Value.

10,000

$

$19,7 2 5 00

10,100 00
19,087 50
19,200 00
5 ,150 00
11,250 00
10,700 00
5 6,425 00
14,350 00
14,325 00
3 3,300 00
3 ,750 00
6 4,400 00
4 5,525 00
15,150 00
17,425 00
2,100 00
9 ,3 0 0 00
12,600 00

$364,137 50

$ 10,400

$

10,000 00
19,000 00
19,462 50
5 ,000 00

10,000 00
10,000 00
5 9,445
1 4,000
14,671
3 3 ,0 0 0
5 ,0 0 0
68 ,3 9 0
4 8 ,8 0 6
1 5,000
17,000

00
00
00
00
00*
00
25
00
00

2,000 00

9 ,5 2 5 00
13,440 00
$373,739 75

00

$

10,000 00

* A legal investm ent when made.

Total A m ount of Loans at Specified Rates of Interest.
Amount.

$26,6 9 0 78
11,614 76
5 ,076 52

Rate.

2 per cent.
2-J per cent.
3

per cent.

Amount.

Rate.

$ 14,000 00
32 ,8 0 0 00
7 2,700 00

R e a l E st a t e f o r B a n k in g P u r p o se s
A m ount invested,
.
.
.
Estim ated value,
.
.
.
Assessed value, .
.
.
.
R e a l E st a t e b y F o r e c lo su r e
A m ount invested,
.
.
Assessed value, .
.
.
N et income during year,

or

.
.

:—
.
.
.

$1,070,076 20
10,600

5

per cent.

00 5^ per cent.
11,220 00 6 per cent.

$ 7,636 93
7,636 93
7,700 00

.
.
.

O t h e r w is e : —
.
.
.
.

D e p o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
.
.
.
A m ount of same,
Num ber of withdrawals during year,
Am ount of same,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3^ per cent.
4 per cent.
4£ per cent.

Rate.

Amount.

12,672 10
1 1,550 00
805 33
4 ,432
2 8 8 ,2 2 4 4 5

.
' 2 ,514
.

19 6 ,8S1 08

312

REPORT OF THE

[Pub. Doc.

Orange Savings Bank — Concluded.
D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number O ct. 31, 1906,

.
.
.

.
.
.

.
.
.

.
.
.

700
371
5,335

S t a t is t ic s o r L o a n s : —
Num ber not exceeding $3 ,0 0 0 each,
Am ount of same,
.
.
.
.
.
.
Num ber of loans secured b y m ortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

ear,

.

.

.

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year, . $ 3,165 53
$799 71
Percentage to total assets, .
.0 0 1 7 5
.0 0 0 4 4
for

of

$270,955 00
354
.

7 6 ,997 2 8

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
February, 1906, 2 per cent.,
.
A ugust, 1906, 2 per cent.,
.
.
D ate

287

.
.

.

.
.

.

Total.
$3 ,9 6 5 24
.0 0 2 1 9
$29,741 89
3 1,389 30

61,131 19

E x a m in a t io n , M a y 18.

PALMER SAVINGS BANK — PALMER.
E l b r id g e G. H a s t in g s , President.
Ch a r l e s L . W
C h a r l e s L . W a id , Clerk of the Corporation.

Investment Committee:

a id ,

Treasurer.

E l b r id g e G . H a s t in g s , W . E . S t o n e , H . G . L o o m is ,
C. F . S m it h , C. H . H o b b s .

Incorporated March 4, 1870. Open for business every business day except Saturdays,
9 a . m . to 3 p . m .; Saturdays, 9 a . m . to 12 m .; also Fridays, 7.3 0 to 9 p . m .
Deposits commence to draw interest the first day of January, April, July and October.
Dividends are payable the first day of January and July.
B a l a n c e S h e e t , O ct . 31, 1906.
Assets.

Public funds,
.
.
.
.
B ank stocks,
.
.
.
.
Railroad bonds , .
.
.
.
Street railway bonds, .
Loans on bank stocks,
Loans to counties, cities or towns,
Loans on depositors’ books,
Loans on real estate, .
Loans on personal security,
R eal estate in possession,
B ank building and fixtures,
Expense account,
Deposits in banks, on interest,
Deposit in bank, not on interest, .
Insurance account,
Cash on hand, .
.
.
.

Liabilities.

$ 3 3 2 ,0 0 0 00
19,931 00
299,6 2 5 00

10,000 00

4 ,8 4 0
21,971
600
1,269,419
156,471
11,700
4 9,995
1,717
86 ,4 8 8
2 ,5 0 0
867
6 ,2 8 2

00
00

00

00
00
00
12
22
97
00
00

Deposits,
G uaranty fund,
Profit and loss ac­
count,
Interest account, .
R ent account,
Incom e, safe de­
posit boxes,

14,225 81
6 ,032 97
747 87
155 00

20

$ 2 ,2 7 4 ,4 0 7 51

C a sh o n D e p o sit in B a n k s , A m o u n t in E ach : —
Palmer National Bank, Palmer,
.
.
.
.
.
.
.
Springfield National Bank, Springfield, .
.
.
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,
'.
.
Union Trust Company, Springfield,
.
.
.
.
.
.
Taunton Safe Deposit and Trust Company, T aunton (in liquidation),


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

86

$ 2 ,1 4 8 ,2 4 5
105,000 00

$ 2 ,2 7 4 ,4 0 7 51

$ 2 5 ,6 6 7
17,199
11,206
32,4 1 5
2 .5 0 0

23

02
75
97
00

No. 8.]

BANK COMMISSIONER

313

Palmer Savings Bank — Continued.
L oans
44
3
4
5
5

B a n k St o c k s , A m o u n t o n E a c h : —
shares Palmer National Bank, Palmer,
.
shares Palmer National Bank, Palmer,
.
shares Palmer National Bank, Palmer,
.
shares Palmer National Bank, Palmer,
.
shares Palmer National Bank, Palmer,
.
on

S chedule

of

.
.
.
.
.

.
.
.
.
.

Par Value.

Se c u rities O w n e d .

Public Funds.
City of Akron, O ., 4s,
Altoona, Pa., 4 s,.
Boston, Mass., 4s,
♦.
Chicago, 111., 4s,
Dubuque, la ., 4s,
Everett, Mass., 4s,
Fitchburg, M ass., 4s, .
Kansas City, M o., 4£s,
Lawrence, Mass., 4s, .
Malden, Mass., 4s,
Milwaukee, W is., 4s,
New Bedford, Mass., 4s,
Peoria, 111., 4-|s, .
Rockford,
., 4^s,
Springfield, O., 5s,
St. Joseph, M o., 3-j-s, .
Taunton, Mass., 4s,
W aterbury, Conn., 4s,
T ow n of E astham pton, Mass., 3^s,
Monson, Mass., 4s,

$

20,000
5,000
2 5 ,000
4 5 ,000
15,000
25,000

6,000

30,000
4 0,000

10,000
18,000
8,000
3 ,000
5,000

111

10,000
2 5,000
14,000

10,000
8,000
10,000

$332,000

Bank Stocks.
33 shares Monson National Bank, Monson,
116 shares Palmer National Bank, Palmer,
31
shares Agaw am National Bank, Springfield,
1 50 shares Chapin National Bank, Springfield, .

$ 3,300
11,600
465
5 ,000
$20,365

Railroad Bonds.
Beech Creek R .R . 4s,
.
.

.

.

.

Boston & Maine R .R . 4-J-s,
.
.
.
.
Chicago, Burlington & Quincy R .R . 4s,
Concord & Montreal R .R . 4s,
.
.
.
.
Fitchburg R .R . 4|s,
.
.
.
.
.
Fitchburg R .R . 5s,
.
Illinois Central R .R . 3s, .
Illinois Central R .R . 3Js,
.
Illinois Central R .R . 4s, .
Joliet & Northern Indiana R .R . 7s, .
Kansas City, St. Joseph & Council Bluffs R .R . 7s,
Maine Central R .R . 7s, .
N ew Y ork, New H aven & Hartford R .R . 4s,
Portland & Ogdensburg R .R . 5s,
U pper Coos R .R . 4s,
.
.
.
.
U pper Coos R .R . 4^s,
.

$25,0 0 0
15,000
44 ,0 0 0

10,000
10,000
10,000

3 5,000
2 5,000
50,000

12,000
10,000
2,000
10,000

35 ,0 0 0
5 ,000
5 ,000
$303,000

l,gf .»Jiff
Street Railw ay Bonds.
W e st E nd Street R ailw ay Company 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$

10,000

.
.
.
.
.

.
.
.
.
.

$ 3 ,5 0 0
240
3 00
4 00
4 00

00
00
00
00
00

Estimated
Market Value.

Book Value.

00
00
00
00
00
00
00
00
00
10,000 00
18,495 00
8,310 00
3,015 00
5,000 00
10,825 00
2 4,050 00
14,340 00
10,175 00
7,856 00
10,126 00
$336,732 00

20,000 00
5 ,000 00
2 5,000 00
4 5 ,0 0 0 00
15,000 00
2 5 ,000 00
6,000 00
3 0 ,000 00
40 ,0 0 0 00
10,000 00
18,000 00
8,000 00
3 ,000 00
5,000 00
10,000 00
2 5,000 00
14,000 00
10,000 00
8,000 00
10,000 00
$332,000 00

$20,025
5,125
2 5,830
45,275
14,850
2 5,560
6,150
3 1,500
40,2 2 5

00
00
00
6,000 00
$21,715 00

$

$ 3 ,960
11,600
155

00
00
00
00
00
10,100 00
2 7,450 00
2 3,050 00
5 1,000 00
12,120 00
10,030 00
2 ,300 00
10,100 00
3 5 ,525 00
5 ,000 00
5 ,350 00
$299,925 00
$25,6 2 5
16,875
44,9 0 0
10,150
10,350

$

10,100 00

$ 3,300
11,600
31
5 ,000
$19,931

00
00
00
00
00

00
00
00
10,000 00
10,000 00
10,000 00
31 ,6 2 5 00
2 5,000 00
50,000 00
12,000 00
10,000 00
2,000 00
10,000 00
35,0 0 0 00
5 ,000 00
5 ,0 0 0 00
$ 2 9 9,625 00
$25,0 0 0
15,000
44 ,0 0 0

$

10,000 00

REPORT OF THE

314

[Pub. Doc.

Palmer Savings Bank — Concluded.
Total A m ount of Loans at Specified Rates of Interest.
Rate.

Amount.

Rate.

Amount.

3 per cent.
4 ^ per cent.
4 f per cent.

$1,0 0 5 ,9 8 5 00
4 3 ,4 5 0 00

5 per cent.
5^ per cent.

$ 67,697 00

Amount.

$ 86,488 97
280,971 00
5 4,998 00

6
200 00 6f

R e a l E st a t e f o b B a n k in g P u r p o se s : —
A m ount invested,
.
Estim ated value,
.
Assessed value, .
N et income during year,

.
.
.

.
.
.
.

.
.
.

.
.
.

.
.
.
.

.

.
.
.

.
.
.

.
.
.

S t a t is t ic s o f L o a n s : —
Num ber not exceeding $ 3,000 each,
A m ount of same,
.
.
.
.
.
.
N um ber of loans secured b y mortgage of real estate,
G ross I n c o m e

r e c e iv e d

T o tal E x p e n se s

Y

d u r in g

Y

of

.

4 ,698
.
2 ,795
.

12
12
00
64

364,9 8 8 30
3 42,982

68

923
544
5,151
458
535,708 00
488
1 00,724 90

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
January, 1906, I f per cent.,
.
July, 1906, I f per cent.,
.
.
D ate

.

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
Am ount paid during year,
. $ 3,908 35
$1,321 52
Percentage to total assets, .
. 00171
.0 0 0 5 8
fo r

per cent.
per cent.

$49,9 9 5
49 ,9 9 5
35 ,0 0 0
642

D ep o sit s a n d W it h d r a w a l s : —
Num ber of deposits during year, .
.
Am ount of same,
.
.
.
.
Num ber of withdrawals during year,
.
A m ount of same,
.
.
.
.
D e p o s it A c co u n t s : —
Num ber opened during year,
Num ber closed during year,
T otal number Oct. 31, 1906,

Rate.

.

.

.

Total.
$5,229 87
.0 0 2 2 9
$ 34,898 50
3 5,546 42

70 ,4 4 4 9 2

E x a m in a t io n , A u g u s t 8.

PENTUCKET SAVINGS BANK — HAVERH ILL.
G eo r g e H . C a r l e t o n , President.
R a y m o n d L . K n o w l e s , Treasurer.
R a y m o n d L . K n o w l e s , Clerk of the Corporation.

Investment Committee:

G e o r g e H . C a r l e t o n , J o se p h W . V it t u m , O l iv e r T a y l o r ,
C h a r l e s H H a y e s , T h o m as L a h e y .

Incorporated March 17, 1891. Open for business every business day except Saturdays,
9 a .'m . to 3 p . m .; Saturdays, 9 a . m . to 12.30 p . m .
Deposits commence to draw interest the first day of February, M ay, August and N ovem ­
ber. Dividends are payable the first W ednesday of February and August.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK COMMISSIONER

No. 8.]

315

Pentucket Savings Bank — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.
L iabilities.

A ssets.

$ 2 7 ,0 0 0
5 ,2 0 0
2 11,561
2 0 ,0 00
10,000
17,700
2 0 ,0 7 5
1,137
3 69 ,37 9
4 4 0 ,4 0 0
4 1 ,5 0 0
943
2 8 ,3 0 5
2 66

P u b lic fu n d s,
.
.
.
.
B a n k s to c k s,
.
.
.
.
R a ilr o a d b o n d s , .
.
.
.
S treet ra ilw a y b o n d s , .
B o s t o n T e rm in a l C o m p a n y b o n d s,
L o a n s o n b a n k s to c k s,
L o a n s t o c o u n tie s , citie s o r to w n s ,
L o a n s o n d e p o s it o r s ’ b o o k s ,
L o a n s o n rea l esta te, .
L o a n s o n p e rs o n a l s e cu rity ,
B a n k b u ild in g a n d fix tu res,
E x p e n s e a c c o u n t,
D e p o s its in b a n k s, o n in teres t,
E x p e n s e s, b a n k b u ild in g ,
E x p e n s e s rea l es ta te b y fo r e closu re,
.
.
.
.
T a x e s , b a n k b u ild in g ,
C ash o n h a n d , .
.
.
.

$ 1 ,1 5 9 ,9 7 2 51
2 4 ,5 0 0 00

D e p o s its ,
G u a r a n ty fu n d ,
.
P r o fit a n d loss a c co u n t,
In te re s t a c c o u n t, .
R e n ts , b a n k b u ild ing,
R e n ts , rea l e s ta te
b y fo re clo s u re , .
P r o fit o n e s ta te
so ld ,
W a t e r a c c o u n t,

00
00
88
00
00
00
00
00
09
00
00
95
05
85

2 ,7 3 7 11
7 ,1 2 0 37
7 59 18
43 00
120 83
7 81

50 00
5 92 33
1,149 66
$ 1 ,1 9 5 ,2 6 0 81

$ 1 ,1 9 5 ,2 6 0 81

C a sh o n D e p o sit in B a n k s , A m o u n t in E ac h : —
B e a c o n T ru st C o m p a n y , B o s to n , .
F irst N a tio n a l B a n k , H a v e rh ill,
H a v e rh ill T ru st C o m p a n y , H a v e rh ill,
L oans
50
20
40
10
27
33
10

$ 2 ,3 2 2 70
11,201 25
14,781 10

o n B a n k St o c k s , A m o u n t o n E a c h : —
shares B e a c o n T ru st C o m p a n y , B o s to n ,
shares S o m e r v ille N a tio n a l B a n k , S om erv ille,
shares H a v e rh ill T ru st C o m p a n y , H a v e rh ill,
shares H a v e rh ill T ru st C o m p a n y , H a v e rh ill,
shares H a v e rh ill T ru st C o m p a n y , H a v e rh ill,
shares M erch a n ts N a tio n a l B a n k , H a v e rh ill,
shares M erch a n ts N a tio n a l B a n k , H a v e rh ill,

.
.

.
.

.
.

.
.

B a n k S tocks.
35 shares F o u r th N a tio n a l B a n k , B o s t o n ,
7 shares S ta te N a tio n a l B a n k , B oston ,
10 shares F irs t N a tio n a l B a n k , C helsea,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4 ,0 0 0 00
8 00 00
4 ,9 0 0 00
1,000 00

Par Value

Schedule of Securities Owned.

P u b lic F u n d s .
C ity o f B arre, V t., 4s,
.
.
.
B r o c k t o n , M ass., 4s,
.
.
D u b u q u e , l a ., 4s,
G r a n d R a p id s , M ich ., 4^-s,
N e w B rita in , C on n ., 4s,
S aginaw , M ich ., 4s,
T a u n to n , M ass., 4s,
.
.
T o w n o f G orh a m , N . H ., 4s, .
.
S to u g h to n , M ass., 4s,

$ 7 ,0 0 0 00

$ 1 ,0 0 0
1,600
5 ,4 0 0
2 ,0 0 0
5 ,0 0 0
3 ,0 0 0
1,0 0 0
5 ,0 0 0
3 ,0 0 0

Estimated
Market Value.

$ 1 ,0 1 0
1,616
5 ,4 7 6
2 ,0 8 0
5 ,1 2 5
3 ,0 3 0
1 ,0 1 0
5 ,1 5 0
3 ,0 9 0

00
00
00
00
00
00
00
00
00

Book Value.

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

00
00
00
00
00
00*
00
00
00

$ 2 7 ,0 0 0

$ 2 7 ,5 8 7 00

$ 2 7 ,0 0 0 00

$ 3 ,5 0 0
700
1,0 0 0

$ 5 ,1 4 5 00
1,043 00
-

$ 3 ,5 0 0 00
7 0 0 00
1 ,0 0 0 00

$ 5 ,2 0 0

$ 6 ,1 8 8 00

$ 5 ,2 0 0 00

* A lega l in v e s t m e n t w h e n m a d e .

[Pub. Doc.

REPORT OF THE

316

Pentucket Savings Bank — Continued.
Estimated
Market Value.

Par Value.

Schedule of Securities Owned .

R a ilroa d B on d s.
B o s t o n & A lb a n y R .R . 3^s,
.
.
.
B o s t o n & L o w e ll R .R . 4s,
B o s t o n & M a ine R .R . 3^s,
.
.
.
B o s t o n & M a in e R .R . 4-|s,
.
.
.
C h ica g o, B u r lin g to n & Q u in c y R .R . 3^s,
C h ica g o, B u r lin g to n & Q u in c y R .R . 4s,
E rie & P itts b u rg h R .R . 3JrS,
.
.
.
F it c h b u r g R .R . 3£s,
.
.
.
.
F it c h b u r g R .R . 4s,
.
.
Illin o is C en tra l R .R . 3s, .
.
.
.
Illin o is C en tra l R .R . 3-|s,
.
.
.
I llin o is C en tra l R .R . 4s, .
M a in e C en tra l R .R . 44s,
.
.
.
N e w Y o r k C en tra l & H u d s o n R iv e r R .R .
N e w Y o r k , N e w H a v e n & H a r t fo r d R .R .
N e w Y o r k , N e w H a v e n & H a r t fo r d R .R .
P o r t la n d & O g d e n s b u rg R .R . 3-|-s,
S io u x C it y & P a cific R .R . 3£s,
U p p e r C oos R .R . 4s,
.
.
.
.
W a s h in g t o n C o u n t y R .R . 34 s,
W o r c e s te r , N a sh u a & R o c h e s te r R .R . 4s,

$ 5 ,0 0 0
7 .0 0 0
5 .0 0 0
4 .0 0 0
12,0 00
2 5 .0 0 0
15.0 00
5 .0 0 0
5 .0 0 0
10.0 00
3 3 ,5 0 0
2 .0 0 0
5 00
10,0 00
4 0 .0 0 0
6 ,0 0 0
10.0 00
1 0,000
3 .0 0 0
5 .0 0 0
4 .0 0 0

.
.
.
.
.
.
.
.
.
3^s,
3|-s,
4s,

.
.

.
.

.

$ 4 ,7 2 5
7 ,1 1 0
4 ,8 0 0
4 ,4 8 0
1 1 ,1 00
2 5 ,5 0 0
1 4,4 00
4 ,8 5 0
5 ,0 7 5
8 ,0 0 0
3 1 ,0 4 0
2 ,0 6 0
5 15
9 ,5 0 0
3 7 ,2 0 0
6 ,1 2 0
9 ,9 5 0
9 ,3 5 0
3 ,0 6 0
4 ,6 0 0
4 ,1 2 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Book Value.

$ 5 ,0 0 0
7 .0 0 0
4 ,8 3 1
4 .0 0 0
1 2 ,0 0 0
2 5 .0 0 0
1 5 .0 0 0
5 .0 0 0
5 .0 0 0
9 ,0 6 5
3 2,1 21
2 .0 0 0
5 00
9 ,5 0 0
3 8 ,3 2 7
6 ,0 0 0
9 ,9 1 0
9 ,6 7 5
2 ,9 2 5
4 ,7 0 6
4 ,0 0 0

00
00
25
00
00
00
00
00
00
00
88
00
00
00
50
00
00
00
00
25
00

$ 2 1 1 ,5 6 1 88

$ 2 1 7 ,0 0 0

$ 2 0 7 ,5 5 5 00

$ 1 0 ,0 0 0
5 .0 0 0
5 .0 0 0

$ 1 0 ,2 5 0 00
5 ,4 5 0 00
5 ,0 7 5 00

$ 1 0 ,0 0 0 00
5 .0 0 0 0 0 *
5 .0 0 0 00

$ 2 0 ,0 0 0

$ 2 0 ,7 7 5 00

$ 2 0 ,0 0 0 00

$ 1 0 ,0 0 0

$ 1 0 ,4 0 0 00

$ 1 0 ,0 0 0 00

Street R a ilw a y B on d s.
B o s t o n E le v a te d R a ilw a y C o m p a n y 4s,
L y n n & B o s t o n R a ilr o a d C o m p a n y 5s,
W e s t E n d S treet R a ilw a y C o m p a n y 4s,

B oston T erm in a l C o m p a n y B on d s.
B o s t o n T e rm in a l C o m p a n y 3 Js,

* A leg a l in v e s tm e n t w h e n m a d e .

T ota l A m o u n t o f L o a n s at S p ecified R a tes o f In terest.

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

Amount.

Rate.

Amount.

70
35
00
00

24 p e r cen t.

3 p e r ce n t.
4 p e r cen t.
4 4 p e r cen t.

$ 7 ,0 0 0
2 9 ,5 0 0
4 5 8 ,4 4 9
7 0 ,0 0 0

Rate.

4f
4f
5
5|-

00
00
09
00

per
per
per
per

ce n t.
ce n t.
ce n t.
ce n t.

Amount.

Rate.

$ 10 1 ,3 0 0 00
2 0 ,0 0 0 00
4 6 ,9 1 7 00

5 4 p e r ce n t.
5 $ p e r ce n t.
6 p e r ce n t.

R e a l E s t a t e fo r B a n k in g P u r p o se s : —
A m o u n t in v e s te d ,
.
E s t im a t e d v a lu e,
.
A ssessed va lu e, .
N e t in c o m e d u rin g y ea r,
D e po sit s a n d W it h d r a w a l s : —
N u m b e r o f d e p o s its d u rin g y e a r, .
A m o u n t o f sam e,
.
N u m b e r o f w ith d ra w a ls d u rin g y e a r,
A m o u n t o f sam e,
.
.
D e p o sit A c co u n t s : —
N u m b e r o p e n e d d u rin g y e a r,
N u m b e r clo s e d d u rin g y e a r,
T o t a l n u m b e r O c t. 31, 1906,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

00
00
00
85

4 ,6 3 4
238 ,16 1 23
2,8 9 7
2 2 4 ,3 0 6 15

..
5 74
4 08
3 ,1 0 7

No. 8.]

BANK COMMISSIONER.

317

Pentucket Savings Bank — Concluded.
S t a t is t ic s of L o a n s : —
N u m b e r n o t e x c e e d in g $ 3 ,0 0 0 e a ch ,
.
.
.
A m o u n t o f sam e,
.
.
.
N u m b e r o f loa n s s e cu re d b y m o rtg a g e o f rea l esta te,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

ear,

.

.

.

of

165

.

.

.

54,3 21 55

ear

D iv id e n d s d e c l a r e d d u r in g Y e a r : —
F e b ru a ry , 1906, I f p e r ce n t.,
.
A u g u st, 1906, I f p e r ce n t., .
.
D ate

164

.

$ 2 2 3 ,4 0 2 09

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m o u n t p a id d u rin g y e a r,
$3,4 77 99
$2,4 31 17
P e rc e n ta g e t o t o t a l assets,
. 00290
.0 0 2 0 3
fo r

.

.
.

.
.

.
.

Total.
$ 5 ,9 0 9 16
.0 0 4 9 3
$ 1 8 ,5 3 2 58
19,1 47 2 0

3 7,6 79 78

E x a m in a t io n , S e p t e m b e r 4.

PEOPLE’S SAVINGS B A N K —BROCKTON.
W

il l ia m

L . D o u g l a s , P resid en t.
A u g u s t u s T . J o n e s , T rea su rer.
J o h n S. K e n t , C lerk of the C orp ora tion .

In vestm en t C om m ittee:

W il l ia m L . D o u g l a s , F red P . R ic h m o n d , E m e r y M . L o w ,
F r a n c is B . G a r d n e r , E d w a r d B . M e l l e n .

I n c o r p o r a t e d F e b . 8, 1895. O p e n fo r b u sin ess e v e r y b u sin ess d a y e x c e p t S a tu rd a y s, 9
t o 2 p . m .; S a tu r d a y s, 9 a . m . t o 12 m .; a n d fo r d e p o s its o n ly , 7 t o 8 .3 0 p . m .

a .m .

D e p o s its co m m e n c e t o d ra w in terest th e first d a y o f M a rch , Ju n e, S e p te m b e r a n d D e c e m ­
b e r. D iv id e n d s a re p a y a b le t h e F r id a y fo llo w in g t h e first T u e s d a y o f M a rch a n d
S e p te m b e r.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

P u b lic fu n d s ,
.
.
.
.
B a n k s to c k s ,
.
.
.
.
R a ilr o a d b o n d s , .
.
.
.
S tre et ra ilw a y b o n d s,
L o a n s o n b a n k s to c k s,
L o a n o n ra ilro a d b o n d s ,
L o a n s t o co u n tie s , c itie s o r to w n s ,
L o a n s o n d e p o s it o r s ’ b o o k s ,
L o a n s o n rea l e sta te, .
L o a n s o n p e rs o n a l s e cu rity ,
S to c k s, b o n d s , e tc., t a k e n t o se­
cu re in d e b te d n e ss , .
E x p e n s e a cco u n t,
P r e m iu m a cco u n t,
F u r n itu re a n d fix tu res,
S u sp en se a cco u n t,
D e p o s its in b a n k s, o n in terest,
C ash o n h a n d , .
.
.
.

Liabilities .

$ 1 7 1 ,4 9 5
3 ,3 0 0
3 2 8 ,3 6 5
2 1 ,0 0 0
5 ,1 0 0
100
1 7 ,9 60
150
1 ,3 7 7 ,2 4 2
2 78 ,36 3

50
00
63
00
00
00
63
00
00
00

8 ,5 2 7
1,2 1 3
2 ,4 9 2
1 ,8 0 0
111
5 2 ,7 3 3
4 ,4 9 4

80
38
41
00
22
71
92

D e p o s its ,
G u a r a n ty fu n d ,
P r o fit a n d lo ss a c­
c o u n t,
In te re s t a c c o u n t, .
S u sp en se a c c o u n t,
D u e o n m o r tg a g e
loa n s,

$ 2 ,2 7 4 ,4 5 0 20

C a sh o n D e p o sit in B a n k s , A m o u n t i n E ac h : —
B r o c k t o n N a tio n a l B a n k , B r o c k t o n ,
.
.
.
.
.
H o m e N a tio n a l B a n k , B r o c k t o n , .
.
.
.
.
.
P ly m o u t h C o u n t y S afe D e p o s it a n d T ru st C o m p a n y , B r o c k t o n ,
L o a n s o n B a n k St o c k s , A m o u n t o n E a c h : —
50 shares B r o c k t o n N a tio n a l B a n k , B r o c k t o n ,
1 share H o m e N a tio n a l B a n k , B r o c k t o n ,
.
L o a n o n R a il r o a d B o n d s : —
$ 10 0 M a in e C en tra l R .R . 7 s ,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 2 ,1 5 2 ,6 1 3 9 2
2 6 ,0 0 0 00
5 ,0 0 0 00
9 ,2 7 4 68
961 60
8 0 ,6 0 0 00

$ 2 ,2 7 4 ,4 5 0 20

$ 1 1 ,7 1 3 05
2 0 ,0 2 0 27
2 1 ,0 0 0 39
$ 5 ,0 0 0 00

100 00
$100 00

[Pub. Doc

KEPORT OF THE

318

People’s Savings Bank, Brockton — Continued.
Par Value.

Schedule of Secueities Owned .

P u b lic F u n d s.
C ity o f A k r o n , O ., 4s,
A k ro n , 0 . , 5s,
B o s t o n , M ass., 3^s,
.
B r o c k t o n , M ass., 3^s, .
B r o c k t o n , M ass., 4s,
.
D a y to n , O., 3-J-s,
.
D u b u q u e , la ., 5s,
.
In d ia n a p o lis , In d ., 4s,
N e w B rita in , C on n ., 4s,
Q u in cy , M ass., 4s,
.
S io u x C ity , l a ., 41s,
.
S o u th B e n d , In d ., 3Js,
S o u th B en d , In d ., 4s, .
S t. J osep h , M o., 3^s, .
Y o u n g s t o w n , 0 . , 5s,
T o w n o f R a n d o lp h , M ass., 4s,
R e v e re , M ass., 3|-s, .
S to u g h to n , M ass., 4s,

.
.
.
.

.
.
.
.

.
.
.
.

.

.

.

.
.

.
.

.
.

.

.

.

.

$ 2 6 ,6 0 0
2 ,0 0 0
5 ,0 0 0
6 9 ,0 0 0
10,000
6 ,0 0 0
3 ,5 0 0
2 ,0 0 0
4 ,0 0 0
7 ,0 0 0
5 ,0 0 0
5 ,0 0 0
4 ,0 0 0
10,0 00
7 ,4 1 8
2 ,0 0 0
1,0 0 0
2 ,0 0 0

.

.

.

B a n k S tocks.
20 shares B r o c k t o n N a tio n a l B a n k , B r o c k t o n , .
13 shares P ly m o u t h C o u n t y S afe D e p o s it a n d
T ru st C o m p a n y , B r o c k t o n ,

R a ilroa d B on d s.
B o s t o n & M a in e R .R . 4s,
.
.
.
C h ica go, B u r lin g to n & Q u in c y R .R . 3J,s, .
D e x te r & P isc a ta q u is R .R . 4s,
F it c h b u r g R .R . 3-^s,
.
.
.
.
.
H a n n ib a l & S t. J o se p h R .R . 6s,
I llin o is C en tra l R .R . 3 §s,
.
.
.
.
M a in e C en tra l R .R . 4s, .
M a ine C en tra l R .R . 5s, .
M ich ig a n C en tra l R .R . 6s,
.
.
.
M ilw a u k ee, L a k e S h ore & W e ste rn R .R . 5s,
N e w Y o r k , N ew H a v e n & H a r t fo r d R .R . 3-jS,
N e w Y o r k , N e w H a v e n & H a r t fo r d R .R . 4s,
O ld C o lo n y R .R . 4s,
O ttu m w a , C ed ar F a lls & S t. P a u l R .R . 5s,
P e o ria & N o rth w e s te rn R .R . 3-jS,
S io u x C it y & P a cific R .R . 3-J-s,

S treet R a ilw a y B on d s.
L o w e ll & S u b u rb a n S treet R a ilw a y C o. 5s,
L y n n & B o s t o n R a ilr o a d C o m p a n y 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

Estimateci
Market Value.

$ 2 6 ,7 3 3
2 ,0 0 0
4 ,8 5 0
6 6 ,8 7 5
1 0,2 50
5 ,8 8 0
3 ,5 8 7
2 ,0 6 0
4 ,1 4 0
7 ,0 7 0
5 ,1 5 0
4 ,9 0 0
4 ,0 2 0
9 ,7 0 0
7 ,6 4 0
2 ,0 8 0
980
2 ,0 2 0

00
00
00
00
00
00
50
00
00
00
00
00
00
00
54
00
00
00

Book Value.

$ 2 6 ,6 0 0
2 ,0 0 0
5 ,0 0 0
6 9 ,0 0 0
1 0,0 00
6 ,0 0 0
3 ,5 0 0
2 ,0 0 0
4 ,0 0 0
7 ,0 0 0
5 ,0 0 0
5 ,0 0 0
4 ,0 0 0
1 0,0 00
7 ,4 1 8
2 ,0 0 0
9 77
2 ,0 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00

$ 1 7 1 ,5 1 8

$ 16 9 ,9 3 6 04

$ 1 7 1 ,4 9 5 50

$ 2 ,0 0 0

$ 2 ,5 0 0 00

$ 2 ,0 0 0 00

1,3 0 0

1 ,4 3 0 00

1,3 0 0 00

$ 3,3 00

$ 3 ,9 3 0 00

$ 3 ,3 0 0 00

$ 1 ,0 0 0
2 1 ,0 0 0
5 ,0 0 0
15,0 00
10,0 00
4 0 ,0 0 0
7 ,0 0 0
2 ,5 0 0
5 ,0 0 0
6 ,0 0 0
1 55 ,00 0
5 0 ,0 0 0
2 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0

$ 1 ,0 3 0
19,4 25
5 ,1 1 2
1 4 ,4 00
1 0 ,8 00
3 7 ,0 0 0
7 ,0 3 5
2 ,6 3 4
5 ,2 6 2
7 ,0 2 0
1 42 ,60 0
5 0 ,2 5 0
2 ,0 9 2
5 ,1 0 0
4 ,7 5 0
4 ,6 7 5

00
00
50
00
00
00
00
37
50
00
00
00
50
00
00
00

$ 3 3 4 ,5 0 0

$ 3 1 9 ,1 8 6 87

$ 6 ,0 0 0
15,0 00

$ 6 ,5 4 0 00
15,2 25 00

$ 2 1 ,0 0 0

$ 2 1 ,7 6 5 00

* L e g a l in v e s tm e n ts w h e n m a d e .

$ 1 ,0 0 0
2 1 ,0 0 0
5 ,0 0 0
1 5,0 00
1 0,0 00
38,9 21
7 ,0 0 0
2 ,5 0 0
5 ,0 0 0
6 ,0 0 0
150 ,18 7
5 0 ,0 0 0
2 ,0 0 0
5 ,0 0 0
4 ,9 0 6
4 ,8 5 0

00
00
00
00
00
88
00
00
00
00
50
00
00
00
25
00

$ 3 2 8 ,3 6 5 63

$ 6 ,0 0 0 0 0 *
1 5,0 00 0 0 *
$ 2 1 ,0 0 0 00

BANK COMMISSIONER.

No. 8.]

319

People’s Savings Bank, Brockton — Concluded.
T ota l A m o u n t of L oa n s at S p ecified R a tes of Interest.

$ 52 ,73 3
3 .0 0 0
5 ,9 6 0
2 0 2 ,5 0 0

71
00
63
00

2

p e r cen t.
p e r ct.
3 £ p e r cen t.
4 p e r cen t.

$ 49 ,50 0 00
1 17,000 00
18,100 00

Rate.

Rate.

Amount.

4 f p e r cen t.
4-): p e r cen t.
4 f p e r ce n t.

$ 9 7 6 ,6 9 8 00
1 03,461 97
2 1 1 ,2 2 2 83

Amount.

Rate.

Amount.

R e a l E st a t e b y F o r e c lo su r e or O t h e r w is e : —
N e t in c o m e d u rin g y ea r,
.
.
.
.
.
D e p o sit s a n d W it h d r a w a l s : —
N u m b e r o f d e p o s its d u rin g y ea r, .
.
A m o u n t o f sam e,
.
.
.
.
N u m b e r o f w ith d ra w a ls d u rin g y ea r,
A m o u n t o f sam e,
.
.
.
.
D e p o sit A cco u n t s : —
N u m b e r o p e n e d d u rin g y e a r,
N u m b e r clo s e d d u rin g y e a r,
T o t a l n u m b e r O c t. 31, 1906,

.
.
.

.
.
.

.

.

.
.

.

.
.
.
.

.
.
.

S t a t ist ic s o f L o a n s : —
N u m b e r n o t e x c e e d in g $ 3 ,0 0 0 e a ch ,
A m o u n t o f sam e,
.
.
.
.
.
.
N u m b e r o f loa n s s e cu re d b y m o rtg a g e o f real esta te,
G ross I n c o m e

r e c e iv e d

T o ta l E x p e n s e s

Y

d u r in g

Y

of

6

p e r ce n t.
p e r ce n t.
p e r ce n t.

2 6 ,6 8 2
1 ,0 6 4 ,9 2 5 57
13,9 12
8 2 0 ,0 2 5 97
3 ,7 5 9
2 ,0 3 6
10,241
2 82
3 8 1 ,1 9 2 00
377
9 4 ,2 5 4 86

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
M a rch , 1906, I f p e r ce n t.,
.
.
S e p te m b e r, 1906, I f p e r ce n t.,
.
D ate

5%

$49 9 33

ear,

( e x c l u s iv e o f T a x e s ) : —
Salaries.
Other Expenses.
A m o u n t p a id d u rin g y ea r,
. $ 5 ,7 4 4 0 8
$ 3 ,4 3 4 74
P e rc e n ta g e t o t o ta l assets, .
.0 0 2 5 2
.0 0 1 51
fo r

5

.
.

.
.

.
.

Total.
$ 9 ,1 7 8 82
.0 0 4 0 3
$ 2 9 ,8 3 5 61
3 2 ,8 3 3 09

6 2 ,6 6 8 7 0

E x a m in a t io n , J u l y 9.

PEOPLES SAVINGS B A N K — HOLYOKE.
J o h n T il l e y , P resid en t.
F . H . C h a m b e r l a in , T rea su rer.
A . L . G r e e n , C lerk o f the C orp o ra tio n .
In vestm en t C om m ittee:

J o h n T il l e y , J. A . S u l l iv a n , J. N . H u b b a r d , J. D . H a r d y ,
G eo r g e P . B . A l d e r m a n .

I n c o r p o r a te d M a rch 19, 1885. O p e n fo r b u sin ess e v e r y b u sin ess d a y e x c e p t S a tu r d a y s ,
9 a . m . t o 4 p . m .; S a tu rd a y s, 9 a .m . t o 12 m .; also T h u rs d a y s , 7 t o 8 p . m .
D e p o s its co m m e n c e t o d ra w in terest t h e first d a y o f F e b ru a ry , M a y, A u g u s t a n d N o v e m ­
b er.
D iv id e n d s are p a y a b le t h e t h ir d T u e s d a y o f M a y a n d N o v e m b e r .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

320

[Pub. Doc

Peoples Savings Bank, Holyoke—^Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities .

B a n k s to c k s,
.
.
.
.
R a ilr o a d b o n d s,
S tre e t ra ilw a y b o n d s ,
B o s t o n T e rm in a l C o m p a n y b o n d s ,
L o a n s o n b a n k s to c k s ,
L o a n s o n rea l e sta te, .
L o a n s o n p e rs o n a l s e cu rity ,
F u r n itu re a n d fix tu res,
D e p o s its in b a n k s, o n in terest,
C ash o n h a n d , .
.
.
.

$ 6 7 ,6 8 2
154,081
500
7 5 ,0 0 0
1 4,7 50
1 ,3 9 1 ,0 5 9
3 0 4 ,9 8 0
5 ,3 7 5
1 2 7 ,08 6
8 ,6 9 4

00
25
00
00
00
00
34
00
12
73

D e p o s its ,
G u a r a n ty fu n d ,
P r o fit a n d lo ss a c­
co u n t,
I n te r e s t a c c o u n t , .

$ 2 ,1 4 9 ,2 0 8 44

$ 17 ,00 0
8 0,0 86
1 0,000
2 0 ,0 0 0

B a n k St o c k s, A m o u n t o n E a c h : —
shares H o m e N a tio n a l B a n k , H o ly o k e ,
shares C ity N a tio n a l B a n k , H o ly o k e ,
shares H o ly o k e N a tio n a l B a n k , H o ly o k e , .
shares H o m e N a tio n a l B a n k , H o ly o k e ,
shares C h a p in N a tio n a l B a n k , S p rin gfield ,
shares H o m e N a tio n a l B a n k , H o ly o k e ,
shares H o m e N a tio n a l B a n k , H o ly o k e ,
shares H o m e N a tio n a l B a n k , H o ly o k e ,
shares F ra n k lin C o u n t y N a tio n a l B a n k , G reen field ,
shares C it y N a tio n a l B a n k , H o ly o k e ,
sh a res H o m e N a tio n a l B a n k , H o ly o k e ,
shares C it y N a tio n a l B a n k , H o ly o k e ,
shares C it y N a tio n a l B a n k , H o ly o k e ,

00
12
00
00

on

Schedule of Securities Owned .

70
20
110
1 00
21
145
50
36

3 5 ,3 1 2 29
4 2 ,6 2 4 25

$ 2 ,1 4 9 ,2 0 8 44

Ca s h o n D e p o sit in B a n k s , A m o u n t i n E a c h : —
H o ly o k e N a tio n a l B a n k , H o ly o k e ,
H o m e N a tio n a l B a n k , H o ly o k e ,
.
.
.
.
H a m p s h ire C o u n t y N a tio n a l B a n k , N o r t h a m p t o n , .
N o r t h a m p t o n N a tio n a l B a n k , N o r t h a m p t o n , .
L oans
10
10
6
8
4
10
17
2
2
30
55
10
10

$ 2 ,0 2 5 ,1 7 1 9 0
4 6 ,1 0 0 00

shares
shares
shares
shares
shares
shares
shares
shares

Par Value.

B a n k S tocks.
C it y N a tio n a l B a n k , H o ly o k e ,
H a d le y F a lls N a t ’l B a n k , H o ly o k e , .
H o ly o k e N a tio n a l B a n k , H o ly o k e ,
H o m e N a tio n a l B a n k , H o ly o k e ,
M o n so n N a tio n a l B a n k , M o n son ,
C h a p in N a tio n a l B a n k , S p rin g field , .
C h ico p e e N a tio n a l B a n k , S p rin gfield ,
F irs t N a tio n a l B a n k , S p rin gfield ,

R a ilroa d B on d s.
F it c h b u r g R .R . 3^-s,
.
.
.
.
.
F it c h b u r g R .R . 4s,
.
.
.
.
N e w Y o r k , N e w H a v e n & H a r t fo r d R .R . 3^-s,

S treet R a ilw a y B on d s.
H o ly o k e S treet R a ilw a y C o. 5s,
B o sto n T erm in a l C o m p a n y B on d s.
B o s t o n T e rm in a l C o m p a n y 3-|s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$ 7 ,0 0 0
2 ,0 0 0
11,0 00
10,0 00
2 ,1 0 0
14,5 00
5 ,0 0 0
-

$700 00
9 00 00
1,700 00
1,000 00
1,700 00
2 ,5 0 0 00
5 ,0 0 0 00
8 00 00
4 50 00

Estimated
Market Value.

$ 8 ,1 9 0
2 ,7 8 0
1 9 ,2 50
1 2 ,0 00
2 ,5 2 0
1 7,4 00
7 ,5 0 0
900

00
00
00
00
00
00
00
00

Book Value.

$ 7 ,2 3 3
2 ,7 0 0
18,1 50
1 1,2 50
2 ,5 1 2
1 7,6 75
7 ,8 0 0
3 62

00
00
00
00
00
00
00
00

$ 5 1 ,6 0 0

$ 7 0 ,5 4 0 00

$ 6 7 ,6 8 2 00

$ 2 5 ,0 0 0
5 0 ,0 0 0
8 0 ,0 0 0

$ 2 4 ,2 5 0 00
5 1 ,0 0 0 00
7 3 ,6 0 0 00

$ 2 5 ,0 0 0 00
5 0 ,0 0 0 00
79,0 81 25

$ 1 5 5 ,0 0 0

$ 1 4 8 ,8 5 0 00

$ 1 5 4 ,0 8 1 25

$50 0

$ 52 5 00

$ 50 0 00

$ 7 5 ,0 0 0

$ 7 8 ,0 0 0 0 0

$ 7 5 ,0 0 0 00

BANK COMMISSIONER,

No. 8.]

321

Peoples Savings Bank, Holyoke— Concluded.
T otal A m o u n t o f L oa n s at S p ecified R a tes o f In terest.
Rate.

Amount.

Rate.

3 p e r ce n t.
3 j p e r ce n t.
4 p e r ce n t.

$ 5 6 9 ,8 8 3 00
1 ,1 2 5,05 2 34

4Jf p e r ce n t.
5 p e r ce n t.

Amount.

$ 1 7 ,0 0 0 00
100 ,08 6 12
1 0,000 00

D ep o sit s a n d W it h d r a w a l s : —
N u m b e r o f d e p o s its d u rin g yea r, .
.
A m o u n t o f sam e,
.
.
.
.
N u m b e r o f w ith d ra w a ls d u rin g y ea r,
A m o u n t o f sam e,
.
.
.
.
D e p o s it A c co u n t s : —
N u m b e r o p e n e d d u rin g y e a r,
N u m b e r clo s e d d u rin g y e a r,
T o t a l n u m b e r O c t. 31, 1906,

.
.
.

.

.
.

.

G ross I n c o m e

r e c e iv e d

Y

d u r in g

Y

.

.
.

$ 6 4 5 ,4 0 9 73

.
.
.

.

5 2 6 ,5 3 9 8 8
.
.

.

1 ,615

1,120
•

.

of

5,441
244
4 0 5 ,3 9 7 34
311

ear,

9 3 ,3 6 7 16

ear

D iv id e n d s d e cl a r e d d u r in g Y e a r : —
N o v e m b e r , 1905, I f p e r ce n t.,
M a y, 1906, I f p e r cen t.,
D ate

5 i p e r ce n t.
6 p e r ce n t.

' 5 ,6 5 0

( e x c l u s iv e of T a x e s ) : —
Salaries.
Other Expenses.
A m o u n t p a id d u rin g y e a r,
$ 5 ,1 0 0 0 5
$ 2 ,1 6 7 97
P e rc e n ta g e t o to ta l-a ss e ts ,
.0 0 2 3 8
.0 0 1 0 0
fo r

$ 1 5 ,6 2 4 00
2 30 00

11,279

S t a t is t ic s o f L o a n s : —
N u m b e r n o t e x c e e d in g $ 3 ,0 0 0 ea ch ,
A m o u n t b f sam e,
.
.
.
.
.
.
N u m b e r o f loa n s s e cu re d b y m o rtg a g e o f rea l estate,

T o tal E x p e n se s

Rate.

Amount.

E x a m in a t io n , J u n e 28

and

Total.
$ 7 ,2 6 8 02
.0 0 3 3 8
$ 2 9 ,1 9 1 69
3 1 ,2 3 9 4 4

60,4 31 13

29.

PEOPLE’S SAVINGS BANK — WORCESTER.
S a m u e l R . H e y w o o d , P resid en t.
C h a r l e s M . B e n t , T rea su rer.
F r e d e r ic k J. B a r n a r d , C lerk o f the C orp ora tion .
In vestm en t C om m ittee : S a m u e l R . H e y w o o d , E d w in T . M a r b l e , H e n r y F . H a r r is ,
C h a r l e s M. T h a y e r , A l e x a n d e r D e W it t .
I n c o r p o r a te d M a y 13, 1864. O p e n fo r b u sin ess e v e r y b u sin ess d a y e x c e p t S a tu r d a y s,
9 a . m . t o 3 p . m .; S a tu r d a y s, 9 a . m . t o 1 p . m ., 6 t o 8 p . m .
D e p o s its co m m e n c e t o d ra w in te re s t t h e first d a y o f F e b r u a r y , M a y, A u g u s t a n d
N o v e m b e r . D iv id e n d s are p a y a b le t h e first d a y o f F e b r u a r y a n d A u g u s t.


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Federal Reserve Bank of St. Louis

REPORT OF THE

322

[Pub. Doc

People’s Savings Bank, Worcester — Continued.
B a l a n c e S h e e t , O ct . 31, 1906.

A ssets.

L iabilities.

P u b lic fu n d s,
.
.
.
.
B a n k s to c k s,
.
.
.
.
R a ilr o a d b o n d s,
S treet ra ilw a y b o n d s ,
L o a n o n p u b lic fu n d s,
L o a n s o n b a n k s tock s,
L o a n s t o c o u n tie s , citie s o r to w n s ,
L o a n s o n d e p o s it o r s ’ b o o k s ,
L o a n s o n rea l esta te, .
L o a n s o n p e rs o n a l s e cu rity ,
R e a l e s ta te b y fo re clo s u re , e tc ., .
B a n k b u ild in g a n d fix tu res,
S to c k s, b o n d s , e tc., ta k e n t o secu re
in d e b te d n e ss ,
E x p e n s e a c c o u n t,
.
.
D e p o s its in b a n k s, o n in terest,
R e n t s o f real es ta te b y fo re clo s u re ,
C ash o n h a n d , .
.
.
.

$ 1 ,3 4 0 ,3 0 0
2 7 7 ,38 9
2 ,7 0 6 ,8 8 0
1 18 ,50 0
2 5 .0 0 0
2,551
1 02 ,30 0
1,1 0 0
5 ,0 2 6 ,4 4 9
2 ,0 6 7 ,4 7 5
3 8 ,2 6 7
1 3 5 ,0 0 0

00
00
00
00
00
00
00
00
74
73
27
00

10.0 00
7 ,0 6 4
1 8 7 ,53 4
52
8 ,0 1 9

00
45
73
01
74

D e p o s its ,
$ 11 ,3 4 8 ,4 5 7
G u a r a n ty fu n d , .
5 6 0 ,0 0 0
P r o fit a n d lo ss a c­
co u n t,
8 ,9 4 4
In te re s t a c c o u n t, .
1 05 ,26 7
S u sp en se a cco u n t,
461
R e n t a cco u n t,
1,4 8 7
D u e o n m o rtg a g e
loa n s,
2 7 ,3 0 0
S u n d r y in te re s t
ite m s,
1,9 6 4

$ 12 ,0 5 3 ,8 8 3 67

79
00
93
64
28
81
00
22

$ 1 2 ,0 5 3 ,8 8 3 67

Ca s h o n D e p o sit in B a n k s , A m o u n t in E a c h : —
N a tio n a l B a n k o f th e R e p u b lic , B o s to n ,
N a tio n a l S h a w m u t B a n k , B o s t o n ,
.
.
.
S p rin g field N a tio n a l B a n k , S p rin gfield , .
.
.
M erch a n ts N a tio n a l B a n k , W o r c e s te r , .
.
.
W o r c e s te r T ru st C o m p a n y , W o r c e s te r , .
.
.

.
.
.
.

$ 37 ,78 3
4 3 ,6 1 6
15,225
3 1,7 53
5 9 ,1 5 4

L o a n o n P u b l ic F u n d s : —
$ 2 7 ,0 0 0 C it y o f H a r t fo r d , C on n ., 3^s,

.

$ 2 5 ,0 0 0 00

L oans
11
4
7
5
11

.

.

.

B a n k St o c k s , A m o u n t o n E a c h : —
shares H a d le y F a lls N a tio n a l B a n k , H o ly o k e ,
shares H a m p s h ire C o u n t y N a tio n a l B a n k , N o r t h a m p t o n ,
shares F irs t N a tio n a l B a n k , N o r th a m p to n ,
shares C h ico p e e N a tio n a l B a n k , S prin gfield ,
shares C ro ck e r N a tio n a l B a n k , T u rn ers F a lls,

99
87
61
46
80

on

Schedule of Securities Owned.

P u b lic F u n d s .
M a ssa ch u setts 3s, .
M a ssa ch u setts 3Js,
C it y o f A u g u sta , M e., 4s,
B e v e rly , M ass., 4s,
.
B o s to n , M ass., 3-Js,
B o s t o n , M ass., 4s,
B rid g e p o rt, C on n ., 4s,
C a m b rid g e, M ass., 34s,
C a m b rid g e, M ass., 4s, .
E v e re tt, M ass., 4s,
F itc h b u r g , M ass., 3-|s,
G lou cester, M ass., 4s, .
H o ly o k e , M ass., 3£s, .
H o ly o k e , M ass., 4s,
K een e, N . H ., 4s,
L a w ren ce, M ass., 3 fs , .
L a w re n ce , M ass., 4s,
L o w e ll, M ass., 4s,
L y n n , M ass., 4s,
.


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Federal Reserve Bank of St. Louis

.

Par Value.

.

.

.

.

.

.

$ 2 5 ,0 0 0
8 0 ,0 0 0
2 5 ,0 0 0
10,000
145 ,00 0
2 5 ,0 0 0
5 ,0 0 0
2 5 ,0 0 0
6 ,0 0 0
2 0 ,0 00
2 0 ,0 00
2 2 ,0 00
2 1 ,0 00
2 5 ,0 0 0
10,000
3 5 ,0 0 0
5 ,0 0 0
3 0 ,0 00
2 6 ,0 00

$ 1,100 00
320
3 46
5 00
285

Estimated
Market Value.

$ 2 3 ,1 2 5
8 1 ,8 0 0
2 6 ,2 5 0
10,1 00
1 40 ,78 5
2 5 ,8 8 7
5 ,1 5 0
2 4 ,6 0 0
6 ,0 6 4
2 1 ,0 0 0
19,6 00
2 1 ,7 2 5
2 0 ,7 9 0
2 5 ,2 5 0
10,2 00
3 4 ,6 85
5 ,1 5 0
3 0 ,3 7 5
2 6 ,2 6 0

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00

Book Value.

$ 2 5 ,0 0 0
8 2 ,8 5 0
2 6 ,0 0 0
10,0 00
1 45 ,00 0
2 5 ,0 0 0
5 ,0 0 0
2 5 ,0 0 0
6 ,0 0 0
2 1