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Public Document
No. 8
A N N Ü;Â|¿/-K Ë P Î) }£t:
OF T H E ».»
T BANK COMMISSIONER
1907
P a k t II
RELATING TO
CO-OPERATIVE BANKS, COLLATERAL LOAN COMPANIES,
MORTGAGE LOAN AND INVESTMENT COMPANIES
BOSTON
WEIGHT & POTTEE PEINTING CO., STATE PEINTEES
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Federal Reserve Bank of St. Louis
18 P ost Office S quare
1908
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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
gv t ??V
<^C
PR
JUN 3
>910
3ÉX.I
rv\ 3 s
l<7&7, t.a-
(iïmmitmuiu'altir of iHaooarbusPtta.
O f f ic e o f t h e B a n k C o m m is s io n e r ,
S t a t e H o u s e , B o s t o n , A p ril 17, 1908.
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
co-operative banks, collateral loan companies and other loan com
panies for the year ending October 31, 1907, is herewith submitted.
CO-OPERATIVE BANKS
Number of Banks
The total number of banks doing business on October 31, 1907,
was 135 ; this is an increase of 2, due to the organization of the fol
lowing banks during the year : —
Location
N ame
W inthrop C o-operative B a n k .......................................................
W inthrop
North D orchester C o-operative B a n k ....................................
Dorchester .
.
Began Business
March
13, 1907
A ugu st 20, 1907
Condition of Banks
The total assets and liabilities of the co-operative banks on Octo
ber 31 of the last two years are shown in the following statement,
to which is added a table showing a comparison by percentages of
the distribution o f their investments for the last five years : —
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Federal Reserve Bank of St. Louis
REPORT OF THE
IV
[Pub. Doc
P e r c e n t a g e of I n v e s t m e n t s
T o t a l A sse ts O c to b e r 31
ASSETS
Oct. 31,1907
TO
Oct. 31, 1906
1 9 0 7 190 6 1 9 0 5 190A 190 3 1 90 3
S ec u r itie s
B onds and notes
$294,889 93
.62
$445,875 97
1.05
.89
.60
.44
.72
Loans
Loans on real estate
L oa n s on shares
Comm on form m ortgages
43,072,942 10
■2,128,793 00
370,950 40
38,155,668 78 91.22 89.66 89.00 88.67 87.91 87.10
1,742,547 20 4.51 4.09 4.13 4.36 4.70 4.20
.79
383,335 61
.90 1.05 1.12 1.12 1.07
R ea l E s ta te
R eal estate b y foreclosure, etc.
365,051 38
542,868 21
.77
1.27
1.50
2.05
2.55
3.11
00
30
25
02
14,494
104,838
918
10,128
00
35
03
32
.08
.23
.01
.02
.03
.25
.01
.02
.08
.29
.01
.03
.08
.32
.01
.03
.09
.33
.01
.03
.11
.36
.01
.03
84
92
46
86
44
11,617 95
19,728 31
9,485 73
.03
.05
.02
.03
.04
.03
.04
.05
.04
.04
.05
.04
.03
.05
.05
-
-
-
-
-
30,361 14
.02
.04
.03
.01
.05
.07
.10
.04
.03
.04
751,154 85
2,546 90
1,085,707 70
-
1.59
.01
2.55
-
2.82
-
2.59
-
2.38
-
3.40
-
A rrea ra ges
Unpaid
U npaid
U npaid
U npaid
dues
.
interest
prem ium s
lines
.
.
.
.
.
.
.
37,122
109,316
903
9,240
P erm anent expense .
T em p ora ry expen se .
P ersonal accounts
Insurance and taxes paid
Sundry assets .
.
.
.
11,574
21,224
15,806
2,878
25,679
M isc ella n eo u s
-
Cash
Cash on hand and in banks
Cash items
.
.
.
.
$47,220,074 65 $42,557,575 30
-
-
-
-
-
-
1907
1907
Increase
Decrease
LIABILITIES
Oct. 31,1907
Oct. 31, 1906
Capital
Dues c a p i t a l ....................................
Prolits c a p i t a l .....................................
$39,250,508 00
6,577,059 64
$35,507,667 00
5,896,480 64
$3,742,841 00
680,579 00
-
Surplus
Guaranty fu n d
.
.
.
.
S u r p l u s ..............................................
379,819 02
556,526 53
• 341,405 80
476,477 59
38,413 22
80,048 94
-
Undivided Earnings
I n t e r e s t .............................................
P r e m i u m ..............................................
F i n e s .............................................
T ransfer f e e s .....................................
W ithdraw al profits .
.
.
.
F orfeiture profits
.
.
.
.
239,620
2,189
8,032
68
9,130
245
80
61
99
75
16
67
203,751
2,130
7,041
64
7,430
93
35
19
33
75
04
32
35,869
59
991
4
1,700
152
Miscellaneous
F orfeited share account .
R etired share account
M atured share account .
D ue on m ortgage loans 1
A d van ce paym ents .
.
Personal accounts .
.
Sundry liabilities
.
.
S ecurity com m ittee .
.
18,216 04
1,128 82
151,923 08
6,633 24
6,176 84
12,505 26
290 20
16,320
4,528
54,546
22,050
7,836
4,286
5,465
02
14
30
19
19
66
79
1,896 02
97,376 78
1,890 18
7,039 47
290 20
.
.
.
.
.
.
.
.
$47,220,074 65
$42,557,575 30
-
45
42
66
00
12
35
-
-
-
$3,399 32
22,050 19
1,202 95
-
i In 1907, the item “ due on m ortgage loans,” has been deducted from “ loans on real estate.'
T he gross am ount o f the latter, fo r purposes o f com parison , w as $43,120,992.23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
BANK COMMISSIONER
Y
The increase of $3,832,000 in the total assets during 1906, which
at that time was the largest increase in any one year, has been sur
passed by the increase o f $4,662,000 in the total assets during 1907.
This large increase in the total assets of the banks, in spite o f the
heavy withdrawals noted on page xi, illustrates in a striking way
the stability o f co-operative bank deposits as compared with savings
bank deposits; for, under similar financial conditions, the savings
banks recorded the smallest increase in their assets since 1893, while
the co-operative banks recorded the largest increase in their history.
The increasing efficiency o f the management of the co-operative
banks is shown by the constantly decreasing percentage of the in
vestment in real estate by foreclosure and common-form mortg’aores.
The total amount o f funds thus invested has been reduced nearly 50
per cent, since it reached its highest point in 1901.
A larger proportion of the funds of the banks than ever before is
loaned on real estate, and, while the amount o f unpaid interest shows
an increase for the year, its relation to total assets is the smallest
for many years.
The decrease, during the year, of $150,000 in the amount invested
in municipal bonds and notes, and in loans thereon, is an excellent
illustration of the advantage to the co-operative banks o f the au
thority to make such investments at times or in localities in whichthe demand for loans temporarily decreases. Such an outlet for
surplus funds does away with the necessity of either carrying laro;e
bank balances or retiring shares, and when money is again in demand
for real estate or share loans, the other securities are disposed o f to
make way for the strictly co-operative bank forms of investment.
During 1906 the investments in bonds and notes increased $99,000 ;
during 1907 they decreased $150,000. During 1907, $498,000 of
such investments were purchased and $645,000 sold, leaving but
$294,000 invested therein on October 31, 1907, or .62 of 1 per cent,
o f the total assets of the banks.
Statistics of Thirty Years
Chapter 224 of the Acts of 1877, authorizing the establishment of
“ Co-operative Saving Fund and Loan Associations,” was approved
on May 14, and the first institution to organize under its provisions
was the “ Pioneer” of Boston, which began business on August 6,
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Federal Reserve Bank of St. Louis
VI
REPORT OF THE
[Pub. Doc.
1877. The thirty-first o f October, 1907, therefore, was the close
o f the thirtieth fiscal year of these institutions, the name of which was
changed in 1883 to “ Co-operative Banks.” It seems appropriate
at this time to review their history briefly, and to present a table
illustrating their growth from year to year.
In 1893 Mr. D. Eldredge o f Boston, who has been the secretary
of the Pioneer Bank since its organization, prepared “ A Plistory of
Massachusetts Co-operative Banks ” for the W orld’s Columbian Ex
position, in which it is stated that the question o f authorizing the
establishment of these institutions was unsuccessfully brought before
the General Courts of 1875 and 1876, but that in 1877 petitions
from all over the Commonwealth were presented to the General
Court, requesting legislation, and a comprehensive law was enacted.
Within six months ten associations were organized, all of which
are in successful operation to-day, the first of them being the
Pioneer of Boston.
The law passed in 1877 has not been materially changed in the
intervening years, although it has been amended from time to time
along lines of greater clearness and of equal treatment for all share
holders.
The figures in the table are a remarkable tribute to the foresight
'of those who framed and urged the passage o f the original act, and
to the judgment and fidelity of those who have directed and admin
istered the affairs of the institutions organized under its provisions.
Only one co-operative bank has failed, and its shareholders will
probably not lose more than ten per cent, of their accumulations.
Ho record is available o f the exact, or even the approximate,
number of homes which have been acquired wholly or in part through
the medium o f the co-operative banks. On October 31, 1907, they
had 26,580 loans on real estate outstanding, averaging $1,620, none
o f which were in excess of $5,000. The class of patronage which
these institutions have is illustrated by the fact that, with only onefifteentli of the assets o f the savings banks, they have nearly onethird as many loans on real estate ; and that the size of the average
co-operative bank mortgage is less than one-half that of the savings
bank mortgage.
Unfortunately, too little is known by the community at large
about co-operative banks. They seldom advertise ; their places of
business are inconspicuous; their methods are understood by but
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
BANK COMMISSIONER
V ll
few outside o f their own members; their membership of 114,000 is
small when compared with the vast number of depositors in savings
banks ; and their directors, generally speaking, are men of less
financial experience than the trustees o f savings banks. But the
character of their service rendered by the co-operative banks is such
as to entitle them, in the opinion of the present commissioner, to
occupy a place fully as high as the savings banks in the public esti
mation.
The following table shows that both their membership and assets
are growing steadily and rapidly, at a rate which is more than twice
as great as the rate at which the savings banks are growing : —
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
viii
REPORT OF THE
[Pub. Doc
Principal Assets and Liabilities of Co-operative
Year
No.
Bonds
of
Banks and Notes
Loans on
Real Es
tate
Loans on
Shares
Common
Real
Form
Estate by Arrearages
Mortgages Foreclosure
Expense
Account
Cash on
Hand and
in Banks
Other
Assets
$515
1879
10
-
$176,305
$7,623
-
-
$4,954
$2,559
$13,279
1880
16
$2,050
328,687
15,558
-
-
5,241
3,694
16,698
534
1881
18
-
572,213
26,013
-
-
9,134
4,822
40,101
860
1882
25
-
923,963
36,511
-
-
15,153
6,498
49,121
4,889
1883
25
-
1,308,479
63,872
-
-
21,773
6,099
66,340
4,699
1884
26
-
1,771,778
87,984
-
-
27,541
6,222
76,474
1,924
1885
30
-
2,253,668
112,743
-
$6,309
32,957
7,380
96,345
2,934
-
8,997
38,829
9,286
128,842
3,805
-
4,929
51,640
11,538
145,331
5,477
1886
40
-
2,887,369
151,944
1887
51
-
3,797,628
195,406
1888
66
-
4,884,665
241,316
-
16,297
66,880
14,072
268,426
13,456
1889
93
-
6,405,208
267,545
-
34,567
65,940
20,324
313,045
-
1890
103
51,779
8,325,923
363,793
-
49,833
-
24,129
394,386
54,990
1891
108
17,793
10,791,169
520,801
-
67,557
56,550
23,919
380,080
16,661
1892
115
30,527
13,093,402
599,121
$9,960
98,481
66,178
24,345
687,115
11,147
1893
116
84,254
15,577,718
815,771
22,990
105,198
87,214
25,562
351,837
15,378
1894
117
62,391
16,590,389
784,732
43,650
139,137
107,438
23,358
829,267
4,309
1895
119
114,131
18,427,199
851,331
31,725
184,550
117,085
23,842
795,397
7,407
1896
122
157,884
20,777,353
989,834
25,828
282,610
149,267
25,265
484,511
14,140
1897
123
125,365
21,835,114
962,510
77,750
531,041
150,893
24,982
872,216
17,972
27,909
1898
124
82,927
22,825,741
1,009,018
106,973
782,370
163,172
23,837
771,407
1899
125
115,439
23,270,571
1,109,349
124,970
890,605
172,561
24,650
1,024,462
12,040
1900
126
82,668
24,046,155
1,155,074
181,384
993,150
163,729
25,087
1,057,177
17,324
1901
128
86,526
24,954,786
1,208,597
313,125
1,041,708
166,565
25,920
858,162
18,819
1902
130
132,350
26,469,757
1,275,680
324,393
946,148
154,291
27,380
1,033,439
28,228
1903
130
237,754
28,940,169
1,547,442
367,239
839,223
149,970
32,510
783,477
21,955
1904
129
214,922
31,580,140
1,554,301
398,298
730,486
154,031
31,068
922,583
28,219
1905
130
346,140
34,465,236
1,599,559
407,569
580,427
156,673
26,481
1,092,096
50,901
1906
133
445,876
38,155,669
1,742,547
383,336
542,868
130,379
31,346
1,085,708
39,846
1907
135
294,890
43,072,942
2,128,793
370,950
365,051
156,582
32,800
753,702
44,365
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
BANK COMMISSIONER
IX
Banks from 1879 to 1907 inclusive
Total As
sets and
Liabilities
Dues
Capital
Profits
Capital
Guaranty
Surplus
Fund
Un
Forfeited Retired
divided
Share
Share
Earnings Account Account
Matured
Share
Account
Other
Liabili
ties
Year
$2C5,235
$193,519
-
-
$690
$4,296
$147
-
-
$6,583
1879
372,462
355.088
-
-
4,060
2,871
159
-
-
10,284
1880
653,143
633,264
-
-
2,782
2,999
175
-
-
13,923
1881
1,036,135
998,400
-
-
5,104
4,808
261
-
-
27,562
1882
1,471,262
1,432,422
-
-
8,165
6,788
988
-
-
22,899
1883
1,971,923
1,932,475
-
$44
12,409
12,244
1,171
-
-
13,580
1884
2,512,336
2,464,337
-
1,890
14,749
16,035
923
$2,798
-
11,604
1885
3,229,072
3,170,096
-
5,084
18,442
17,496
1,808
1,823
-
14,323
1886
1,092
4,211,949
4,127,679
-
7,825
24,017
21,761
998
5,505,112
5,374,777
-
11,906
33,225
30,074
2,815
-
-
28,577
1887
$16,370
35,945
1888
7,106,629
6,267,286
$702,296
18,233
16,243
77,980
3,157
2,148
8,538
10,748
1889
9,264,833
8,009,038
1,070,812
27,207
25,967
99,625
4,599
-
-
27,585
1890
-
30,089
1891
16,427
15,379
1892
11,874,530
10,216,145
1,414,690
39,195
41,314
125,538
7,559
-
14,620,276
12,512,367
1,814,094
54,105
61,974
137,995
7,255
680
17,085,922
14,516,478
2,243,839
68,491
82,675
131,683
8,916
235
15,727
17,878
1893
18,584,671
15,644,530
2,535,983
88,129
111,508
141,051
13,856
3,573
35,818
10,223
1894
20,552,667
17,217,776
2,910,815
107,444
128,347
146,875
13,832
573
5,497
21,508
1895
22,906,692
19,053,082
3,360,263
126,216
161,740
161,541
12,833
2,131
8,573
20,313
1896
24,597,843
20,319,076
3,709,416
145,693
190,683
174,801
11,332
2,932
12,907
31,003
1897
25,793,354
21,246,168
3,943,901
165,376
216,456
177,591
13,412
6,049
5,147
19,254
1898
26,744,647
22,034,825
4,057,313
183,131
241,170
172,425
13,608
6,328
17,571
18,276
1899
27,721,748
22,859,955
4,133,131
201,942
270,233
157,931
13,129
23,198
48,362
13,867
1900
28,674,208
23,741,905
4,160,596
219,298
293,491
158,896
10,916
28,910
40,002
20,194
1901
30,391,666
25,299,943
4,284,428
237,161
314,212
161,598
11,196
20,654
40,608
21,866
1902
32,919,739
27,478,895
4,582,909
258,699
332,530
177,797
14,249
451
38,331
35,878
1903
35,614,048
29,750,625
4,915,582
276,411
373,996
208,976
14,743
809
41,760
31,146
1904
38,725,082
32,325,730
5,353,179
304,313
413,576
196,431
17,685
1,479
50,203
62,486
1905
42,557,575
35,507,667
5,896,481
341,406
476,478
220,511
16,320
4,528
54,546
39,638
1906
47,220,075
39,250,508
6,577,060
379,819
556,526
259,288
18,216
1,129
151,923
25,606
1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
X
[Pub. Doc
REPORT OF THE
Statistics of Business
The transactions o f the banks are again published in the form o f
a table covering a five-year period, which shows that 1907 was a
year of exceptional activity among co-operative banks : —
Y ear
1907
Shares
Num ber in io rce Oct. 31
N um ber b orrow ed upon Oct.
3 1 ....................................
N um ber issued during year
N um ber w ithdraw n during
y e a r ....................................
N um ber forfeited durin g
y e a r ....................................
N um ber retired during year
N um ber matured d u r i n g
y e a r .....................................
Loans
N um ber o f real estate loans
Oct. 31
. . .
A vera g e rate o f interest,
real estate loans Oct. 31 .
N um ber o f share loans Oct.
3 1 ....................................
A vera g e rate o f interest,
share loans Oct. 31 .
Membership
N um ber added during year
N um ber w ithdraw n during
year .
.
.
•
•
N um ber o f members Oct. 31
A vera ge num ber s h a r e s
held b v each m em ber
Oct. 3 1 '
.
A vera ge profits to credit o f
each m em ber Oct. 31
B orrow ers
N um ber o f b orrow ers Oct.
3 1 ....................................
N um ber o f non-borrow ers
Oct. 31
. . .
1906
e n d in g
1903
October 31
1904
1903
1902
929,584
833,725
752,354
693,315
657,897
614,897
281,076
258,529
246,693
224,443
224,444
193,688
208,782
167,492
193,780
163,119
173,719
156,774
144,697
122,7S0
113,939
112,025
97,931
90,798
2,280
7,150
2,311
10,512
1,953
11,017
2,280
8,051
2,146
13,334
2,264
19,207
8,552
7,916
7,742
7,873
6,708
5,938
26,580
25,891
5.37
8,825
5.35
5.36
8,403
5.31
23,752
5.38
8,024
5.32
22,229
5.41
7,708
5.35
20,697
5.45
7,198
5.38
19,289
5.48
6,222
5.42
26,531
23,623
20,482
17,698
17,017
16,662
16,308
114,705
14,427
104,482
13,£85
95,287
13,239
88,692
11,806
84,527
12,118
79,315
8.10
7.98
7.90
7.82
7.78
$54 22
7.75
$54 02
$56 44
$56 18
$55 42
31,938
29,191
26,98
25,278
23,765
21,751
82,653
75,291
68,298
63,414
60,762
57,564
$57 34
M iscellaneous
5.12
5.08
5.05
5.05
5.01
5.02
A vera g e rate o f dividend .
T otal expen ses during year $202,552 05 $184,706 11 $169,970 84 $165,241 06 $158,265 64 $145,407 14
R atio o f total expenses to
.48
.48
.44
.46
.43
.43
total assets
P rofits credited to shares
$2,080,632 $1,874,179 $1,742,420 $1,576,108 $1,473,503 $1,371,484
du rin g year
Ratio o f surplus and gu ar
anty fun d to dues and
1.86
1.84
1.91
1.88
2.04
1.98
profits capital O ct. 31
P ercentage o f increase in
8.32
5.99
8.748.18
9.90
10.96
assets
.
.
.
.
The number of shares issued during the year showed an increase
of 34,086 over the previous year, and the number withdrawn dur
ing the year an increase of 21,917, leaving the number in force
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
BANK COMMISSIONER
xi
on October 31, 1907, 929,584, — an increase of 95,859, which is
the largest increase in any one year in the history of the banks.
In spite of the high rates for money, the average rate of interest
on real estate loans increased daring the year only from 5.36 to 5.37
per cent.
The average number of shares held by each member was 8.10, as
compared with 7.98 a year ago, — an increase considerably greater
than the normal increase, indicating that the unusual withdrawals
were more largely from the holders of few shares than from the
holders of many shares; which is just the reverse of the result of
the year in the savings banks, from which it was the large, rather
than the small, deposits that were withdrawn.
The members added $10,790,000 to their capital during the year,
while repayments to members aggregated $8,426,000.
There were 7,150 shares retired during the year, involving pay
ments o f $795,000 representing dues paid in, and $238,000 profits
accumulated thereon.
There were 8,552 shares matured during the year, involving pay
ments of $1,249,000 representing dues paid in, and $469,000 profits
accumulated thereon.
There were 144,697 shares voluntarily withdrawn during the year,
on which the members received $4,976,000 representing all the
dues they had paid in, and $696,000 representing the profits ac
cumulated thereon after deducting $67,000, which was retained by
the banks on such withdrawals.
There were 2,280 shares forfeited during the year, for neglect in
keeping up the regular payments of dues or interest for a period of
six months or more. On these, the members received $59,000 rep
resenting all the dues they had paid in, and $9,440 representing
accumulated profits after deducting $1,271, which was retained by
the banks on such forfeitures.
Receipts and Disbursements
The receipts and disbursements during the year ending October
31, 1907, were as follows: —
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
X ll
R e c e ip t s
D isb u r se m e n t s
C a pita l
Dues capital
.
[Pub. Doc
C a pita l
.
.
$10,790,019 00
.
L o a n s a n d In v e stm en ts
Dues capital (w ithdraw n)
Dues capital (fo rfe ite d ) .
Dues capital ¡.retired)
Dues capital (m atured)
Profits capital (w ithdraw n)
Profits capital (forfeited )
Profits capital (retired) .
Profits capital (m atured) .
$4,976,175
59,949
795,687
1,249,053
696,721
9,440
238,607
469,811
00
00
00
00
25
26
25
93
11,547,550
1,917,987
195,370
69,082
498,952
265,702
36
52
78
14
23
85
L o a n s a n d I n v e stm en ts
R eal estate loans elim inated b y
foreclosure
.
.
.
.
R eal estate loans elim inated b y
maturity o f shares .
Real estate loans repaid
Share loans repaid
U ncom pleted m ortgage loans
M o r t g a g e s ....................................
Notes and bonds .
.
.
.
Real estate by foreclosu re .
201,908 25
340,642
6,041,333
1,531,741
219,712
81,402
645,002
436,898
72
88
72
78
54
45
74
2,346,213
14,248
71,845
497
67,255
1,271
8,294
3,691
38
09
60
25
26
02
39
23
I n t e r e s t ....................................
T em p orary exp en se .
Perm anent expen se .
35,525
133,035
537,115
89,186
13,511
46,249
22
40
75
00
83
27
F orfeited share account .
R etired share account
M atured share account
P ersonal accounts
A d va n ce paym ents .
S u n d r i e s .....................................
1,085,707 70
Cash on hand O ctober 31,1907 .
In c o m e a n d E x p e n s e s
Real estate loans
Share loans
.
.
.
.
U ncom pleted m ortgage loans .
M o r tg a g e s ....................................
N otes and bonds
Real estate b y foreclosu re
In com e and E xp en ses
I n t e r e s t ....................................
P r e m i u m s ....................................
P i n e s .............................................
T ra n sfer fees
.
.
.
.
W ith draw al profits
F orfeited profits .
.
.
.
R e n t s ..............................................
E x p e n s e s ....................................
21,422 21
204,464 89
5,373 94
M iscella n eo u s
M isc ella n eo u s
F orfeited share account
R etired share account
M atured share account
P ersonal accounts
A d va n ce paym ents
S u n d r i e s ....................................
33,450
136,434
439,841
94,125
11,709
51,641
31
72
05
96
57
50
Cash
Cash
Cash on hand O ctober 31,1906
.
$24,742,309 47
753,754 75
$24,742,309 47
Profit and Loss
The comparative profit and loss statements for 1906 and 1907 are
as follows : —
1907
1906
G r o ss In c o m e .
I n t e r e s t .............................................................................................................
P r e m i u m s ....................................................................................................
F i n e s .............................................................................................................
W ith draw al p r o f i t s .......................................................
F orfeiture p r o fi t s ...........................................................................................
T ra n sfer f e e s ...........................................................................................
M i s c e l l a n e o u s ...........................................................................................
$2,288,871
14,182
71,550
65,629
1,152
492
28,986
49
21
13
63
43
00
27
$2,470,864 16
$2,042,407
14,546
65,595
54,529
1,140
434
14,005
87
28
65
44
53
50
81
$2,192,660 08
D e d u c tio n s .
Current e x p e n s e s ...........................................................................................
Perm anent e x p e n s e ..................................................................................
Interest on retired and matured s h a r e s ..............................................
M i s c e l l a n e o u s ...........................................................................................
$196,689
5,607
3,987
15,068
85
81
38
03
$178,644
2,930
3,468
5,216
48
41
62
73
Net i n c o m e ...........................................................................................
Profits credited to s h a r e s ................................................................
$2,249,511 09
2,095,359 56
$2,002,399 84
1,874,184 61
B a l a n c e ....................................................................................................
O f which
T ra n sferred to guaranty f u n d .......................................................
“
“ s u r p l u s ................................................................
$154,151 53
$128,215 23
47,546 03
106,605 50
39,824 05
88,391 18
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER
No. 8]
X lll
Rates of Interest
The following table showrs the amount of real estate and share
loans at each specified rate of interest on October 31, 1907 : —
Table of Loans at Specified Rates of Interest, October 31, 1907
R ate
P er C e n t.
5.00
5.10
5.125
5.20
5.25
5.30
5.40
5.50
5.60
5.625
5.70
5.75
5.80
6.00
6.06
6.12
6.125
6.24
6.25
6.30
6.333
6.375
fi. 40
6.48
6.50
6.60
6.625
Real Estate
Loans
$23,716,494
4,600
3,600
12,250
1,695,058
1,892,415
7,650
4,871,016
4,000
300
33,300
142,195
5,650
5,997,960
5,675
498,338
28,400
600
54,095
3,509,054
10,525
2,300
600
1fi7 4fi5
297,180
8,850
64 $1,188,065 00
00
00
00
47
99,327 00
00
59,244 00
00
82
283,987 00
00
00
00
00
21,985 00
00
04
300,123 00
00
200 00
08
9,635 00
00
00
00
13,003 00
05
99,591 00
00
00
00
00
00
00
Real Estate
Loans
R ate
Per Ce n t .
Share Loans
6.75
6.78
6.90
7.00
7.0625
7.08
7.125
7.20
7.25
7.375
7.50
7.75
7.80
8.00
8.10
8.25
8.40
8.50
8.70
8.75
10.00
10.80
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
16,900 00
n ms oo
$24,750 00
200 00
15,525 00
12,625 00
300 00
500 00
200 00
10,900 00
7,950 00
_
10,070 00
6,300 00
400 00
4,350 00
2,000 00
2,700 00
550 00
600 00
_
2,450 00
1,000 00
_
$4,700 00
_
3,540 00
3,925 00
_
_
_
2,490 00
_
100 00
40 00
140 00
_
1,170 00
_
60 00
$43,072,942 10
$2,128,793 00
A v era g e rate
7)755 00
Share Loans
_
50
650
50
50
5.37
50 00
00
00
00
00
5.35
In order that the course o f interest rates received by co-operative
banks may be traced, the following table shows in summarized form
for a ten-year period the ratios of the loans at each rate to the total
amount of loans. It should be borne in mind that the tables under
this heading do not show the rates o f interest received during the
year, but the rates o f interest on the loans outstanding on October 31
o f each year.
A t 5 per cent. .
$24,904,559 64 55-1056.67 55.33 52.98 50.49
B etw een 5 and 6 per cent.
9,136,578 29 20.21 19.32 18.99 19.00 18.29
A t 6 p er cent. .
6,298,083 04 13.93 12.43 12.96 13.34 13.99
Between 6 and 6%o per
ce n t....................................
609,946 08 1.35 1.27 1.31 1.43 1.66
A t 6-Yio per cent. (5 cents
prem ium )
3,608,645 05 7.98 8.9^ 9.88 10.72 12.09
B etw een 6%0 and 7 per
cen t....................................
572,303 00 1.27 1.28 1.40 2.34 3.18
A t 7 per cent. .
16,550 00
.04 .03 .04 .05 .05
Betw een 7 and 8 p er cent.
39,390 00
.09 .07 .07 .11
.18
_
_
A t 8 p er cent. .
4,350 00
.01
A t m ore than 8 p er cent. .
11,330 00
.0 2
.02
.01
.03 .06
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$45,201,735 10
1899
1900
O
OS
H
1901
1903
1904
1905
1906
1907
P ercentages
October 31,1907
Amount
GO
OS
GO
H
OS
GO
H
46.91 40.81 32.96 23.46 10.68 1.17
16.84 15.20 9.04 7.64 4.03 2.28
15.62 18.77 21.15 23.06 27.63 29.38
2 .1 0
2.63 3.24 3.77 4.87 5.83
13.97 16.85 25.90 32.19 38.41 43.17
4.17 5.24 6.90 8.69 12.53 15.58
.04 .04 .07 .08 .13 .21
.28 .41 .72 1.03 1.56 2.16
_
_
_
_
.01
.05
.04
.03
.08
.14
.01
.20
[Pul). Doc
REPORT OF THE
X IV
Rates of Dividends
The rates of dividends distributed by the banks are shown in the
following table, covering a ten-year period : —
N
RATE
OF DIVIDEND
190 7
0 per cent.
1%
“
2
2Vs
m
“
2V2
“
2%
“
3
“
3Va
“
3%
4
4 Vs
“
4V4
“
4%
“
4%
4Vi
4%
“
4i Vie “
4%
“
•
4%
“
4%o
“
415/le “
5 '
“
5Vie
“
5Vs
“
5%e
“
5Vi
5%
5iV4o “
51/ie
“
5V>
55/8
“
513/20 “
SVIO “
5%
“
58/10 “
51/8
6
“
6V20
“
6%e
“
6Vl4
“
6Vio
“
6.113 “
6Vs
“
6.14
“
6.175 “
63/ie
“
6%o
“
6Vi
“
6.31
“
6%
“
61/ie
“
6%o
“
6V2
“
6%
“
7
190 6
1905
u m ber op
190 1
B anks
1 90 3
p a y in g a t
1 90 3
E ach R ate
1901
1 90 0
189 9
189 8
1 89 7
_
1
2
_
_
1
1
5
3
13
7
2
—
54
7
15
—
2
15
1
1
1
2
3
1
1
10
6
2
—
59
1
3
11
—
6
16
1
-
1
1
.-
-
3
1
1
7
1
1
2
7
12
17
1
1
6
18
2
8
1
—
54
4
1
11
—
2
1
16
—
2
1
1
1
—
1
1
—
2
1
—
2
1
1
1
1
-
1
-
1
-
1
1
-
1
1
’ 1
-
—
-
—
—
—
-
—
-
—
1
1
2
1
_
_
1
1
_
3
1
21
_
7
2
-
_
1
1
6
1
1
23
1
1
6
3
1
-
_
—
58
1
6
9
—
3
_
17
1
1
—
-
7
2
22
1
8
•
1
1
48
:
—
1
2
-
5
3
—
46
2
3
1
- '
18
—
3
1
23
3
2
—
31
2
1
11
1
24
1
3
2
33
1
1
1
1
—
4
-
~
1
-
“
"
1
“
—
9
—
6
1
—
17
1
1
6
1
15
3
1
1
8
50
~
-
—
1
—
4
1
-
4
-
4
-
1
2
—
1
4
-
1
1
-
1
3
1
8
4
5
2
67
1
4
2
—
3
1
74
-
—
1
1
12
1
—
6
1
—
1
1
~
8
~
1
1
—
10
6
1
-
-
-
-
-
-
Totals
135
133
130
129
130
130
128
126
125
124
123
A v era g e rate
5.02
5.01
5.05
5.05
5.12
5.08
5.26
5.41
5.62
5.89
5.95
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
51
. 1
4
8
2
16
_
xv
BANK COMMISSIONER
No. 8]
Real Estate by Foreclosure
The table printed in last year’s report is reproduced here, with
the figures for 1907 added, showing the amount of real estate held
by foreclosure and the amount invested in common-form mortgages,
the further decrease in both of which during the year has been al
ready noted : —
R eal E state by
F o r e c lo su re
C o m m o n -f o r m
M o r tg ag es
T otal
YEAR ENDING OCTOBER 31
1890
1891
1892
1893
1891
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Number
of Banks
Amount
14
16
18
28
33
41
46
58
72
83
84
89
85
86
90
82
78
88
$49,833 19
ü7,ööö 86
98,480 99
105,197 75
139,136 92
184,550 28
282,609 61
531,041 25
782,370 42
890,604 57
993,150 06
1,041,708 29
946,147 90
839,223 14
730,486 12
580,426 74
529,701 26
365,051 38
Number
of Banks
Amount
3
5
3
4
6
9
10
19
20
23
30
31
32
41
41
45
49
52
$7,800
10,147
9,960
22,990
43,649
31,724
25,827
77,750
106,972
124,970
181,383
313,125
324,392
367,239
398,298
407,569
383,335
370,950
.
Amount
00
88
00
00
59
55
78
36
99
27
54
26
66
15
50
18
61
40
$57,633
77,704
108,440
128,187
182,786
216,274
308,437
608,791
889,343
1,015,574
1,174,533
1,354,833
1,270,540
1,206,462
1,128,784
987,995
913,036
736,001
19
74
99
75
51
83
39
61
41
84
60
55
56
29
62
92
87
78
The transactions in real estate by foreclosure for the years 1906
and 1907 have been as follows : —
1907
B alance as show n in statement October 3 1 .............................................
A cq u ired d a rin g the y e a r ........................................................................
E xp en ses on estates, incu rred durin g the yea r
.
.
.
.
Gains on paid to m o r t g a g o r s ................................................................
B alances estates sold durin g the y e a r ..............................................
$529,701
217,216
33,086
2,224
10,780
1906
26
41
37
40
78
$580,426
347,936
41,039
11,887
8,009
74
02
68
60
10
T otal.............................................................................................................
$793,009 22
$989,299 14
R eceived fo r estates disposed o f during the yea r
.
.
.
.
Rents, etc., r e c e i v e d ..................................................................................
L osses incu rred b y sales, or charged off to cov er depreciation and
e x p e n s e s .................................... ...............................................................
$374,544 89
23,249 68
$397,181 55
27,367 36
30,163 27
35,048 97
T o t a l ....................................................................................................
$427,957 84
$459,597 88
B a l a n c e ....................................................................................................
$365,051 38
$529,701 26
No.
N o.
N o.
N o.
of
of
of
of
estates
estates
estates
estates
on hand at beginn in g o f y e a r .....................................
acquired durin g y e a r .......................................................
sold durin g y e a r ................................................................
on hand at end o f y e a r .......................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
256
114
193
177
285
163
192
256
REPORT OF THE
XVI
[Pub. Doc.
Legislation in 1907
The only legislation passed during 1907 relative to co-operative
banks was chapter 351, which gives co-operative banks authority to
insert in their regular form of mortgage a provision enabling them,
if an insurance company denies its liability to the insured, to assign
the mortgage and note, and the debt thereby secured, to the insur
ance company.
Allston Co operative Bank
A fifth dividend of 10 per cent, was paid by the liquidating com
mittee of this bank during the year, making 85 per cent, paid to
shareholders to date.
The dates and amounts of the several dividends paid are as fol
lows : —
Jan. 2, 1905 First dividend 25 per cent.
June 1, 1905 Second “
25
“
Dec. 14, 1905 Third
“
124
“
.
July 10, 1906 Fourth “
124
“
June 1, 1907 Fifth
“
10
“
.
.
.
.
.
$20,596 52
20,596 62
10,388 30
10,303 95
8,247 75
85 per cent............................ $70,133 14
The committee, in its report of December 12, 1907, state that the
remaining assets will probably realize a sufficient amount to pay a
final dividend approximating 5 per cent.
The following table shows the disposition of the assets of the
bank from November 1, 1906, to October 31, 1907 : —
Ch ab a c te k
of
A ssets
L oans on real estate .
M ortgages .
.
.
.
Real estate by foreclosu re
L oans on second m ortgage
R eceived from interest on
loans, etc.
Cash and cash Items .
Amount
as shown by
Books
Oct. 31, 1906
$7,063
4,112
1,933
394
_
88
74
40
00
$96 50
1,946 86
939 19
”
-
Total to
be
Accounted
for
Added
thereto
-
.
Cash on hand October 31, 1907 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Charged
off
as Loss
Balance of
Assets
Oct. 31,1907
88
74
90
00
$5,482 40
$107 39
75 00
700 90
$1,474 09
4,037 74
254 00
939 19
1,946 86
939 19
1,946 86
-
$9,837 45
”
$7,063
4,112
2,029
394
-
Less paym ents : —
E xp en ses .
Estates
F ifth dividend, 10 p er cent.
Amounts
received in
Cash
$788 45
96 50
8,247 75
-
1,329 00
140 00
-
9,132 70
$704 75
704 75
$6,470 58
No. 8]
BANK COMMISSIONER
X Y ll
Co-operative Banks which have been liquidated from 1877 to
October 31, 1907.
N am e
and
L o c a t io n
of
B ank
Green R iver C o-operative Bank,
Greenfield
Canadian C o-operative Bank,
L ow ell
R evere C o-operative B a n k ,
Revere
Franklin C o-operative Bank,
F ranklin
P alm er Co op erative B a n k ,
P alm er
S pencer C o-operative B a n k ,
Spencer
A llston C o-operative B a n k ,
A llston
Date of
Incorporation
Dues
Capital
at
Last
Report
July
15, 1882
$950
May
2, 1885
354
F eb.
10, 1888
300
June 15, 1889
7,741
Nov. 24, 1891
June
612
8, 1889
11,179
A pril S, 1887
122,943
Commenced
Liquidation
Finally closed
Dividends
paid
to Date.
Per Cent.
E x a ct date un
1883
know n
E xa ct date un1890
kn ow n
E x a ct date un
1890
know n
E xa ct date un
1892
know n
E xa ct date un
1892
know n
E xa ct date un
1894
know n
Oct. 12, 1904 . Not yet closed
94
100
100
100
100
100
85
Maturity of Shares
The following table shows the number of shares matured each year
during the past ten years and the average duration of each series,
which naturally increases as the rates of dividends decrease : —
Y eak
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
Number Number
of
of
Banks
Series
31
38
49
64
73
86
87
94
95
98
95
47
62
86
104
128
135
149
167
178
180
170
Total Value
of Shares
matured
$495,679
602,349
923,071
1,022,403
1,153,123
1,197,405
1,353,951
1,586,587
1,556,979
1,594,008
1,716,425
54
12
12
58
44
10
34
40
47
36
03
Number
of
Shares
Number
of
Holders
2,454
2,979
4,569
5,079
5,730
5,938
6,708
7,873
7,737
7,916
8,554
533
701
1,135
1,252
1,483
1,389
1,615
1,785
1,683
1,802
1,980
Number
of
Borrowers
154
198
309
322
377
375
430
489
456
489
525
Amount of
Loans
cancelled
Average
Duration of
Series
$133,205
164,620
275,285
300,738
331,078
362,655
395,509
465,901
478,484
450,350
477,953
138% Months
1393/10
139% o
“
140% o
“
141%
»
142%
“
143%
»
1439/10
“
1440/10
145%o
145% o
The statement on the following pages shows the number, amount
and value o f shares matured by the co-operative banks between
October 31, 1906, and October 31, 1907 : —
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xviii
A m o u n t of Real
Estate Loans can
celled by Maturity
of Shares
Borrowers
Sh ar e L oans
CANCELLED
M a tu r ity
oe Shares
by
Nov. 1906 $145 $200 48
-
25
38
63
17
4
4
$2,700 00
18
Nov. 1894
Dec. 1906
146
200 80
1
7
11
19
6
3
$200 00
2
900 00
3,815 20
Arlington
“
11
Nov. 1894
Feb. 1907
148
200 08
10
5
50
65
12
2
2,000 00
1
175 00
13,005 20
“
“
7
50
57
15
2
2
1,300 00
11,446 17
1
1
1,000 00
-
-
1,044 90
1
1,000 00
-
-
1,002 35
3,615 12
H
May 1895
Sept. 1907
149
200 81
-
11
May 1894
Oct. 1906
150
208 98
5
-
-
5
“
12
Nov. 1894
Jan. 1907
147
200 47
5
-
-
5
1
«
-
17
April 1895
Dec. 1907
141
200 84
-
-
18
18
2
-
-
“
18
July 1895
Mar. 1907
141
200 41
-
-
10
10
1
-
-
“
19
Oct. 1895
June 1907
141
200 00
-
-
10
10
2
-
-
Atlantic
.
Total
Value of
Shares
matured
$12,630 24
-
-
-
-
2,004 10
-
-
2,000 00
5,223 14
Feb. 1895
Dec. 1907
143
200 89
4
4
18
26
5
2
300 00
Aug. 1895
June 1907
143
201 42
5
-
19
24
6
1
1,000 00
“
13
Sept. 1894
Jan. 1907
149
200 99
-
-
40
40
7
-
14
Mar. 1895
Aug. 1907
150
200 71
-
-
31
31
12
-
-
-
6,222 01
“
14
Dec. 1895
Aug. 1907
141
200 98
10
-
8
18
5
2
2,000 00
-
-
3,617 64
1
May 1895
May 1907
145
200 84
12
-
-
12
2
2
2,400 00
-
-
2,410 08
Cambridge
«*
51
May 1895
April 1907
144
203 54
4
-
-
4
1
1
800 00
-
-
814 16
Campello
“
28
April 1895
Mar. 1907
144
201 94
29
-
-
29
7
7
5,650 00
-
-
5,856 26
»
“
29
Oct. 1895
Sept. 1907
144
202 43
27
-
-
27
4
4
5,400 00
-
-
5,465 61
“
“
Beverly
“
Braintree
Brookline
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
1
800 00
-
-
4,834 08
-
-
8,039 60
[Pub. Doc.
6
7
Attleborough
REPORT OF THE
12
Athol
-
Amount
Nov. 1894
“
Date
of
Maturity
Number
11
Amesbury
Date
of
Issue
Number of
Acushnet Co-operative Bank
NAME OF BANK
Unpledged
Pledged for
Share Loans
Number of Holders
N um ber of Shares
MATURED
Pledged for
R. E. Loans
Maturing V a l u e per
Share
Amount p a i d in per
Share
Number of Series
Statement oj Shares matured since Last Report
“
“
10
Aug. 1895
Jan. 1907
138
200 07
25
12
15
52
8
6
4,700 00
2
1,150 00
“
“
“
11
Feb. 1896
July 1907
138
200 04
5
15
10
30
7
3
950 00
1
200 00
6,001 20
Citizens
“
“
16
April 1895
Oct. 1906
150
205 54
-
11
34
45
7
3
-
2
1,790 00
9,249 30
10,403 64
“
“
13
July 1895
June 1907
144
201 00
-
5
10
15
4
2
-
2
225 00
3,015 00
“
“
15
Oct. 1894
Jan. 1907
148
200 40
-
1
23
24
7
1
-
1
100 00
4,809 60
“
“
“
16
April 1895
Aug. 1907
149
200 85
-
3
16
19
7
2
-
2
300 00
3,816 15
“
“
6
Dec. 1894
Mar. 1907
148
200 79
-
1
20
21
8
1
-
1
125 00
4,216 59
8,421 00
Columbian
“
Danvers
“
“
7
June 1895
Sept. 1907
148
200 50
9
1
32
42
8
2
“
“
5
Aug. 1894
Jan. 1907
150
200 29
-
7
16
23
4
2
6
Feb. 1895-
Aug. 1907
151
200 36
9
2
18
29
6
3
1,650 00
1,800 00
-
1
35 00
2
1,100 00
4,606 67
1
300 00
5,810 44
2,813 02
“
“
20
May 1895
Jan. 1907
141
200 93
14
-
14
2
2
2,800 00
-
-
“
“
“
21
Nov. 1895
July 1907
141
200 93
3
-
3
1
1
600 00
-
-
602 79
Dorchester
“
“
10
Mar. 1895
April 1907
146
200 91
5
-
5
1
1
1,000 00
-
-
1,004 55
Enterprise
“
“
2,600 00
Equitable
“
“
Dedham
“
.
15
April 1895
April 1907
145
200 38
13
10
68
91
35
7
34
Oct. 1894
Jan. 1907
148
200 69
-
43
53
96
22
6
5
-
5
1,850 00
18,234 58
14
6,200 00
19,266 24
5,017 25
“
“
35
April 1895
July 1907
148
200 69
-
20
25
5
1
7
450 00
Equity
“
“
18
Sept. 1895
Mar. 1907
138
200 04
5
-
5
1
1
1,000 00
-
-
1,000 20
“
“
“
19
Mar. 1896
Sept. 1907
139
200 87
16
-
16
3
3
3,200 00
-
-
3,213 92
3,106 20
-
Federal
“
“
9
Feb. 1894
Oct. 1906
153
207 08
-
15
15
2
-
-
-
-
‘
“
“
11
Nov. 1894
April 1907
150
201 41
-
2
2
1
-
-
-
-
Fidelity
“
15
Mar. 1895
April 1907
146
200 68
25
141
100
266
79
23
‘
‘
“
.
.
3,800 00
13,490 00
53,380 88
73,014 60
“
“
16
Sept. 1895
Oct. 1907
146
200 04
3
69
293
365
72
7
600 00
6
3,570 00
“
“
35
Nov. 1894
Jan. 1907
147
200 56
14
11
11
36
9
7
2,700 00
3
1,000 00
‘
“
“
36
May 1895
July 1907
147
200 01
16
3
19
4
3
3,200 00
-
Foxborough
“
“
14
Sept. 1895
Feb. 1907
138
201 22
-
45
57
16
2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12
-
402 82
17
Fitchburg
2
2,050 00
BANK COMMISSIONER
City
Clinton
No. 8]
Canton
7,220 16
3,800 19
11,469 54
X
Borrowers
A m o u n t of Real
Estate Loans can
celled by Maturity
of Shares
EH
Number of
O
Number of Holders
Unpledged
Pledged for
Share Loans
N um ber of Shares
MATURED
Pledged for
R. E. Loans
Date
of
Maturity
Maturing V a l u e per
Share
Date
of
Issue
Amount p a i d in per
Share
NAME OF BANK
Number of Series
Statement of Shares matured since Last R eport — Continued
Sh ar e L oans
CANCELLED
B Y MATURITY
OF Sh ar e s
'S
o
a
<
Ja
a
jz;
Total
Value of
Shares
matured
15
Mar. 1896
Aug. 1907 $138 $200 87
1
-
61
62
11
1
$1,050 00
-
-
$12,453 94
14
Sept. 1895
Aug. 1907
144
200 05
13
-
12
25
8
3
2,600 00
-
-
5,001 25
Germania
19
Oet. 1894
April 1907
151
200 26
14
4
4
22
4
4
2,650 00
2
$350 00
4,405 72
“
20
April 1895
Oct. 1907
151
200 02
46
3
29
78
10
5
9,100 00
1
200 00
15,601 56
Gleucester
17
April 1895
Dec. 1906
141
200 93
24
22
46
92
22
9
4,700 00
7
2,700 00
18,485 56
“
18
Oct. 1895
June 1907
141
200 92
6
8
39
53
15
6
1,100 00
3
1,150 00
10,648 76
Grafton
Guardian
“
16
May 1895
Jan. 1907
141
200 97
1
-
12
13
4
1
200 00
-
-
2,612 61
17
June 1894
Nov. 1906
150
200 41
40
-
-
40
4
4
8,000 00
-
-
8,016 40
18
Dec. 1894
May 1907
150
204 20
-
2
10
12
10
2
31
May 1894
Mar. 1907
155
200 04
5
8
59
72
27
5
1,000 00
“
32
Nov. 1894
Sept. 1907
155
200 18
21
4
69
94
20
5
4,200 00
16
May 1894
Jan. 1907
153
200 26
-
15
20
35
10
2
-
“
17
Nov. 1894
Aug. 1907
154
200 69
-
1
37
38
4
1
-
1
500 00
7,626 22
Hingham
12
Nov. 1894
Oct. 1906
144
203 03
37
9
24
70
14
9
7,300 00
2
700 00
14,212 10
28,521 48
Henry Wilson
-
2
100 00
2,450 40
3
1,200 00
14,402 88
4
1,700 00
18,816 92
2
2,200 00
7,009 10
13
May 1895
April 1907
144
202 28
26
35
80
141
31
10
4,700 00
5
4,400 00
29
Nov. 1894
Nov. 1906
145
200 80
11
3
46
60
15
3
2,200 00
1
250 00
12,048 00
“
30
May 1895
May 1907
145
200 27
7
3
47
57
12
3
1,400 00
1
100 00
11,415 39
Home
27
June 1895
Dec. 1906
139
200 32
30
-
-
30
4
4
5,950 00
-
-
6,009 60
“
Holyoke
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
“
Haverhill
REPORT OF TH E
Foxborough Co-operative Bank
Gardner
Hudson
Hyde Park
28
Dec. 1895
June 1907
139
200 21
15
17
2
1
2
300 00
3,403 57
36
Mar. 1895
Mar. 1907
145
200 02
6
64
11
9
10,300 00
2
700 00
12,801 28
37
Sept. 1895
Oct. 1907
146
200 59
8
42
10.
5
6,800 00
-
-
8,424 78
19
Nov. 1894
Jan. 1907
147
201 63
27
40
2
2
2,300 00
-
-
8,065 20
20
May 1895
July 1907
147
201 36
20
44
5
1
3,300 00
1
17
Sept. 1894
Nov. 1906
147
200 96
-
19
4
4
3,800 00
-
18
Mar. 1895
May 1907
147
200 54
38
54
23
2
2,800 00
-
1,000 00
8,859 84
1
90 Op
10,829 16
7,010 15
3,818 24
Nov. 1894
Nov. 1906
145
200 29
35
35
5
-
-
-
-
3
May 1895
June 1907
146
200 85
20
20
4
-
-
-
-
14
Oct. 1894
Oct. 1906
145
201 04
48
70
13
15
April 1895
April Ì907
145
200 19
57
76
14
Nov. 1894
Jan. 1907
147
200 74
50
55
15
May 1895
July 1907
147
200 38
31
Lowell
20
Nov. 1894
Feb. 1907
148
200 73
55
Lynn
7
Nov. 1894
Feb. 1907
148
200 09
2
2
2
-
-
8
May 1895
Aug. 1907
148
200 14
21
21
3
-
-
Lawrence
Leominster
14,072 80
3
560 00
15,214 44
1
850 00
11,040 70
1,300 00
2
21
4
900 00
8
1
-
33
9
1
-
128
20
10
9,850 00
4,017 00
1,550 00
4
-
6,612 54
25,693 44
2
875 00
-
-
400 18
-
4,202 94
Malden
16
Nov. 1894
April 1907
150
200 57
69
126
21
10
3,200 00
6
4,980 00
25,271 82
Mansfield
25
May 1895
April 1907
144
201 98
40
54
15
4
400 00
3
350 00
10,906 92
Marblehead
18
Nov. 1894
Dec. 1906
146
200 92
2
5
2
1
500 00
-
-
1,004 60
19
May 1895
June 1907
146
200 50 '
-
21
4
4
3,950 00
1
100 00
4,210 50
Marlborough
Mechanics
Medford
May 1894
Oct. 1906
150
204 08
22
33
15
4
1,800 00
1
320 00
6,734 64
Nov. 1894
April 1907
150
203 48
23
33
20
6
1,000 00
4
530 00
6,714 84
27
Jan. 1895
Dec. 1906
144
200 42
43
43
17
-
-
-
-
28
July 1895
July 1907
145
200 88
44
54
16
3
400 00
2
1,600 00
10,847 52
18
Nov. 1894
Oct. 1906
144
202 91
67
139
23
12
7,000 00
13
4,400 00
28,204 49
8,618 06
xxi
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
10
BANK COMMISSIONER
2
Lafayette
No. 8]
Homestead
xxii
Pledged for
Share Loans
Borrowers
A m o u n t of Real
Estate Loans can
celled by Maturity
of Shares
19
May 1895
April 1907 $144 $202 18
62
32
94
188
37
15
$12,400 00
11
$2,100 00
$38,009 84
20
Nov. 1895
Oct. 1907
144
201 39
26
16
85
127
28
7
5,200 00
9
3,100 00
25,576 53
Melrose
21
April 1895
Sept. 1907
150
202 69
-
24
1
25
1
1
3
4,250 00
5,067 25
Merchants
27
Dec. 1894
Dec. 1906
145
200 39
83
10
69
162
51
11
16,550 00
3
1,850 00
32,463 18
2,400 00
16,868 04
Medford Co-operative Bank
“
CANCELLED
M a tu r ity
o r Shakes
by
-
Amount
Number of
3o
H
Shake L oans
Number
Sh ares
Number of Holders
Date
of
Maturity
of
MATURED
28
June 1895
July 1907
146
200 81
19
12’
53
84
37
4
3,800 00
2
Middleborough
12
Nov. 1894
Oct. 1906
144
202 41
8
-
31
39
14
2
1,600 00
-
-
“
13
May 1895
April 1907
144
201 71
3
-
10
13
7
1
600 00
-
-
5
Nov. 1894
Nov. 1906
145
200 47
6
15
98
119
20
4
1,100 00
Middlesex
“
6
May 1895
June 1907
146
200 86
-
-
18
18
3
Milford
16
Oct. 1894
Mar. 1907
150
200 88
-
5
61
66
13
“
3
1,100 00
Total
Value of
Shares
matured
7,893 99
2,622 23
23,855 93
-
-
-
-
3,615 48
1
-
2
200 00
13,258 08
17
April 1895
Sept. 1907
150
201 96
-
6
65
71
16
3
-
3
975 00
14,339 16
Mt. Washington
4
Dec. 1894
April 1907
149
204 37
-
16
27
43
9
4
-
4
2,575 00
8,787 91
Needham
7
May 1895
Jan. 1907
141
202 97
-
-
15
15
2
-
-
-
-
“
8
Nov. 1895
June 1907
140
202 98
-
-
6
6
2
-
-
-
-
28
Nov. 1894
Nov. 1906
145
200 48
-
33
81
114
20
4
-
1
700 00
North Abington
“
North Dighton
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,044 55
1,217 88
22,854 72
15
April 1895
Dec. 1906
141
200 98
-
4
11
15
5
1
1
400 00
3,014 70
16
Oct. 1895
June 1907
141
200 98
10
-
12
22
7
2
2,000 00
-
-
4,421 56
6
April 1895
April 1907
145
200 68 1
5
-
9
14
8
1
1,000 00
-
-
2,809 52
-
[Pub. Doc.
New Bedford
REPOET OF THE
“
Date
of
Issue
N u m ber
Unpledged
NAME OF BANK
Number of Series
Pledged for
R. E. Loans
Maturing V a l u e per
Share
Amount p a i d in per
Share
Statement of Shares matured since Last Report — Continued
“
14
Oct. 1895
May 1907
140
200 80
-
10
20
30
11
2
-
2
950 00
6,024 00
Norwood
“
“
12
April 1895
Dec. 1906
141
200 98
-
-
20
20
9
-
-
-
-
4,019 60
Orange
“
“
Peabody
“
“
“
13
Jan. 1895
Dec. 1907
144
200 59
1
-
20
21
3
1
200 00
-
-
4,212 39
•*
14
July 1895
June 1907
144
200 29
-
-
12
12
4
-
-
-
-
2,403 48
“
14
Dec. 1894
Nov. 1906
144
201 82
-
-
33
33
8
-
-
-
-
6,660 06
“
15
June 1895
May 1907
144
201 58
-
-
94
94
16
-
-
-
-
18,948 52
Pioneer
“
33
Oct. 1894
Mar. 1907
150
204 35
-
7
11
18
9
1
-
1
300 00
3,678 30
“
“
34
April 1895
Sept. 1907
150
203 63
-
1
14
15
10
1
-
1
100 00
3,054 45
“
“
12
Sept. 1894
Oct. 1906
146
200 41
-
-
32
32
7'
-
-
-
“
“
“
13
Nov. 1894
April 1907
150
204 50
-
5
27
32
5
1
-
1
Plymouth
“
“
Provident
“
Quincy
“
“
Randolph
“
Reading
“
“
“
“
“
1,160 00
6,413 12
6,544 00
27
June 1895
Nov. 1906
138
200 11
12
4
21
37
15
9
2,250 00
10
1,250 00
7,404 07
28
Dec. 1895
June 1907
139
200 94
6
28
64
98
28
12
1,200 00
22
2,120 00
19,692 12
20
May 1895
April 1907
144
200 11
40
61
92
193
18
9
7,742 72
5
7,000 00
38,621 23
12
Nov. 1894
Oct. 1906
144
203 05
4
-
43
47
16
1
800 00
-
-
9,543 35
13
May 1895
April 1906
144
202 22
5
4
12
21
11
3
900 00
2
500 00
4,246 62
14
Aug. 1895
July 1907
144
203 15
9
-
-
9
2
2
1,800 00
-
-
1,828 35
16
May 1894
Oct. 1906
150
201 93
12
-
11
23
7
1
2,400 00
-
-
4,644 39
1
600 00
10,067 50
3
2,340 00
14,736 51
17
Nov. 1894
April 1907
150
201 35
-
5
45
50
12
1
13
July 1895
Sept. 1907
147
201 87
7
27
39
73
20
4
1,400 00
“
2
May 1895
April 1907
144
201 73
5
5
5
15
3
2
1,000 00
“
11
Nov. 1894
Dec. 1906
146
200 81
-
10
68
78
10
1
“
12
May 1895
June 1907
146
200 33
16
-
96
112
12
1
3,200 00
-
Salem
15
April 1895
April 1907
145
200 54
20
20
47
87
31
5
4,000 00
7
3,025 00
17,446 98
44
81
22
6
5,400 00
3
1,575 00
16,203 24
8
9
4
1
200 00
-
••
Reliance
Roger Conant
Roxbury
“
“
“
16
Oct. 1895
Oct. 1907
145
200 04
27
10
“
“
19
Dec. 1894
Oct. 1906
143
201 89
1
-
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
1
725 00
3,025 95
1
1,300 00
15,663 18
-
-
22,436 96
1,817 01
xxii
Sandwich
“
-
BANK COMMISSIONER
Pittsfield
No. 8]
North Easton ] “
Sandwich Co-operative Bank
“
«
“
“
So. Framingham
..
“
A m o u n t of Real
Estate Loans can
celled by Maturity
of Shares
Borrowers
Number of
Number of Holders
Unpledged
Pledged for
Share Loans
Pledged for
R. E. Loans
Maturing V a l u e per
Share
Ts
O
H
S h are L oans
CANCELLED
b y M a t u r ity
op S hares
Ö
p
o
B
<
rS
0
p
&
Total
Value of
Shares
matured
$2,430 24
20
June 1895
April 1907 $143 $202 52
5
1
6
12
5
3
$1,250 00
1
$50 00
20
Dec. 1894
Nov. 1906
144
204 38
2
-
-
2
1
1
300 00
-
-
408 76
21
June 1895
May 1907
144
203 70
15
-
-
15
3
3
3,000 00
-
-
3,055 50
2
1,100 00
11,628 42
5
1,400 00
19,227 84
30
Oct. 1894
Feb. 1907
149
200 49
-
11
47
58
18
2
“
31
April 1895
Aug. 1907
149
200 29
40
11
45
96
32
9
“
12
Nov. 1894
Dec. 1906
146
200 36
-
-
14
14
3
-
-
-
-
2,805 04
“
13
May 1895
July 1907
147
200 97
-
-
37
37
9
-
-
-
-
7,435 89
Somerville
“
Date
of
Maturity
N u m ber of Shares
MATURED
7,900 00
-
-
3,011 40
-
-
6,808 50
“
10
Nov. 1894
Nov. 1906
145
200 76
-
-
15
15
5
-
“
11
May 1895
May 1907
145
200 25
34
-
-
34
4
4
6,700 00
13
Mar. 1895
Nov. 1906
141
200 56
12
-
-
12
3
3
2,300 00
-
-
2,406 72
“
“
14
Sept. 1895
May 1907
141
200 48
12
-
-
12
3
3
2,200 00
-
-
2,405 76
17
Sept. 1895
Aug. 1907
144
202 51
-
5
38
43
6
1
-
1
600 00
8,707 93
“
“
19
Nov. 1894
Feb. 1907
148
200 12
-
3
15
18
2
1
-
-
600 00
3,602 16
20
May 1895
Sept. 1907
149
200 22
-
10
9
19
4
1
-
1
1,800 00
3,804 18
18
Oct. 1894
Dec. 1906
147
201 45
1
11
35
47
15
3
100 00
2
150 00
9,468 15
«
19
Jan. 1895
Mar. 1907
147
201 09
15
22
109
146
32
10
3,000 00
10
2,350 00
29,359 14
<•
20
April 1895
June 1907
147
200 73
15
-
86
101
17
2
3,000 00
-
-
20,273 73
17
Nov. 1894
Jan. 1907
147
200 07
8
3
4
15
4
3
1,600 00
1
550 00
3,001 05
..
..
So. Weymouth
“
Stoughton
Suffolk
“
Volunteer
Wakefield
«•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
[Pub. Doc.
“
“
So.' Shore
REPORT OF THE
Security
Date
of
Issue
Amount p a i d in per
Share
NAME OF BANK
Number of Series
Statement of Shares matured since Last Report — Concluded
18
May 1895
Aug. 1907
147
201 37
30
-
21
51
13
7
6,000 00
-
-
38
July 1894
Feb. 1907
152
200 90
3
-
7
10
4
1
600 00
-
-
2,009 00
“
39
Oct. 1894
May 1907
152
200 44
-
-
38
38
11
-
-
-
-
7,616 72
“
40
Jan. 1895
Aug. 1907
152
200 01
10
-
43
53
8
1
2,000 00
-
-
. 10,600 53
6
Dec. 1894
Nov. 1906
144
200 45
3
-
19
22
4
1
600 00
-
-
4,409 90
7
June 1895
May 1907
144
200 00
5
-
-
5
1
1
1,000 00
-
-
28
Nov. 1894
April 1907
150
200 41
43
15
57
115
26
13
8,200 00
6
29
May 1895
Oct. 1907
150
200 39
52
40
34
126
25
13
10,250 00
9
Oct. 1894
Feb. 1907
149
200 39
-
16
74
90
15
4
-
10
April 1895
Aug. 1907
149
200 18
-
15
27
42
8
2
-
2
Whitman
13
Mar. 1895
Feb. 1907
144
200 33
-
-
2
2
2
-
-
-
-
400 66
«
14
Sept. 1895
Aug. 1907
144
200 49
10
-
-
10
3
3
-
-
2,004 90
West Newton
“
West Roxbury
“
«
Winchester
“
3
Nov. 1894
Jan. 1907
146
200 86
-
-
23
23
8
-
4
May 1895
July 1907
146
200 55
13
-
20
33
5
2
2,600 00
7,700 00
17
April 1895
Mar. 1907
144
203 43
39
7
82
128
25
8
“
18
Oct. 1895
Sept. 1907
144
203 10
-
-
13
13
1
-
Wollaston
13
April 1895
Mar. 1907
144
204 04
6
-
48
54
18
1
Woburn
1,700 00
-
1,200 00
“
14
Oct. 1895
Sept. 1907
144
203 44
8
. 5
40
53
13
3
Worcester
31
Oct. 1895
April 1907
139
200 00
-
7
20
27
10
2
Workingmen’s
34
Sept. 1894
Nov. 1906
147
201 50
20
6
50
76
17
5
4,000 00
.
1,500 00
-
1,000 00
1,550 00
23,047 15
7
4,500 00
25,249 14
4
2,000 00
18,035 10
200 00
8,407 56
-
-
4,619 78
-
-
6,618 15
3
1,050 00
26,039 04
-
-
2,640 30
-
-
11,018 16
1
1,000 00
10,782 32
2
550 00
5,400 00
2
200 00
15,314 00
“
35
Dec. 1894
Feb. 1907
147
201 11
17
10
134
161
38
6
3,300 00
2
650 00
32,378 71
“
36
Mar. 1895
May 1907
147
200 73
30
8
141
179
32
6
6,000 00
2
450 00
35,930 67
»
37
June 1895
Aug. 1907
147
200 35
39
10
117
166
29
6
7,800 00
1
400 00
33,258 10
1,739 1,276
5,539
8,554
1,980
545
$340,642 72
314 $137,310 00
$1,719,606 03
15,481 7,610 42,491
65,582
15,581
4,224
3,012,352 69
17,220 8,886 48,030 74,136
17,561
4,769 $3,352,995 41
Totals for year ending Oct. 31, 1907
Previously reported
Totals from date of first maturity
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.-
.
829,360 00
13,226,175 52
2,448 $906,670 00
2,134
$14,945,781 55
BANK COMMISSIONER
West Somerville
10,269 87
No. 8]
“
Waltham
REPORT OF THE
XXVI
[Pub. Doc.
COLLATERAL LOAN COMPANIES
Three companies, viz. : —
The Collateral Loan Company of Boston
The Workingmen’s Loan Association of Boston, and
The Worcester Collateral Loan Association of Worcester,
are now transacting business o f this character under special charters
granted by the Commonwealth.
These companies have all been examined by an expert accountant
selected by this department, and their annual reports have been cer
tified to by him and attested by their State directors.
The Security Loan Association of Boston was granted a charter
to transact business of this nature in 1905, and the General Court
of 1907 extended the time within which the company might begin
business to July 1, 1908.
The Chattel Loan Company of Boston was granted a similar
charter by the last General Court, but it has not yet opened for
business. The company has petitioned the General Court of 1908
for several amendments to its charter, and for an extension of the
time within which it may begin to do business to January 1, 1909.
MORTGAGE LOAN COMPANIES
Globe Investment Company
The receiver of this company reports that substantially the same
conditions exist as for the last four or five years. Many defects
crept into the titles to the lands and mortgages dealt in by the com
pany during the last few years of its existence, and it is only as
these lands are sold by the present owners that these defects are
discovered. The receiver states that it is obviously his duty to be
prepared to correct them, and that, so far as he can now see, it will
be necessary to continue the receivership for some time.
National Mortgage and Debenture Company
A member of the bondholders’ committee of this coinpan}^ reports
that no progress has been made during the past year towards clos
ing up its affairs, and that they remain practically as stated in the
report o f last year.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER
No. 8]
XXVll
FOREIGN SAVINGS AND LOAN ASSOCIATIONS
American Building, Loan and Investment Society of Chicago
No progress has been made in this receivership during the past
year. The remaining assets consist of a small amount of vacant
land for which there is no market at present, and until this is dis
posed of the affairs of the company cannot he finally settled.
Minnesota Saving Fund and Investment Company
The receiver of this company reports that up to the present time
dividends amounting to
per cent, have been paid to Massa
chusetts stockholders. By order of the Banking Department of
Minnesota, the remaining assets will be disposed of at a public sale
on April 1, 1908.
MISCELLANEOUS
American Service Union
The business o f this corporation is the issuing o f contracts based
upon the instalment plan. In consideration of a fixed monthly
payment, the corporation guarantees the payment of the dues and
assessments requisite to maintain the membership o f the holder o f
the contract in any societies or fraternal orders of which he is a
member. The contracts provide that all payments by holders resid
ing in Massachusetts, or the investments thereof, shall be lodged
with one or more trust companies or savings banks doing business
in this Commonwealth. On November 12, 1907, the corporation
had on deposit in the Puritan Trust Company of Boston $14,430.12.
American Reserve Bond Company
Information has been received from the counsel for the receiver
of this corporation in Kentucky and Massachusetts to the effect that
the time for filing claims was closed in all jurisdictions on March 2,
1908. Considerable progress has been made during the year by
the three receivers in converting the assets in their custody into
cash, and there is a good prospect that during the present calendar
year an initial dividend will be paid.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xxviii
REPORT — BANK COMMISSIONER
[Pub. Doc. No. 8
GENERAL
In recent years not more than 1,550 copies of Part II. of the
report of this department have been distributed each year. The
number provided by law is 1,750. It is recommended that in
future not more than 1,600 copies of Part II. be printed, and that
the edition of Part I. be increased by 150, as the supply of the
latter is not sufficient to meet the demand.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PIERRE JA Y ,
Bank Commissioner .
ABSTRACT OF A N N U AL REPORTS
OF TH E
C 0 - 0 PE R AT I YE BANKS,
SHO W IN G T H E IR
CONDITION AT CLOSE OF BUSINESS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
October
31, 1907.
«
[Pub. Doc
REPORT OF THE
2
ACUSHNET CO-OPERATIVE BANK, N E W BEDFORD
President, R u f u s A. S o u l e Secretary, Ch a r l e s R. P r ic e Treasurer, E d g a r L ord
Security Committee: L ot B. B a t e s , W il l ia m A. K i r b y , B e n j a m in F. B r o w n e l l
Incorporated Nov. 15, 1889
Began business Nov. 16, 1889
Regular meetings the fourth Saturday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
$248,200 00
Less due on mtge. loans
2,311 24 $245,888 76
.
32,575 00
Loans on shares .
3,002 00
Unpaid dues
962 33
“
interest .
171 28
“
fines
9 00
Suspense account
5,882 08
Cash in hands of treasurer .
Liabilities
. $240,901 00
Dues capital .
.
39,654 85
Profits capital,
2,983 85
Guaranty fund
2,182 65
Surplus .
125 90
Forfeited share account
2,258 78
Matured share account
92 74
Advance interest
290 68
Personal account
$288,490 45
$288,490 45
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
$72,905 00
Dues capital .
40,365 00
Real estate loans repaid .
17,575 00
Share loans repaid .
22,500 00
Uncompleted mtge. loans .
14,362 83
Interest
287 56
Fines
.
.
.
.
363 54
Withdrawal profits .
9 83
Forfeited profits
15 00
Forfeited share account .
Matured share account
2,*258 78
10,856 97
Cash on hand Oct. 31, 1906
$181,499 51
Disbursements
Dues capital withdrawn . $28,761 00
282 00
“
“ forfeited
7,533 00
“
“ retired
9,290 00
“
“ matured
3,306 97
Profits capital withdrawn
“
forfeited .
28 93
2,822 77
“
“
retired
“
“
matured .
3,495 24
69,475 00
Real estate loans
25,025 00
Share loans
20,200 00
Uncompleted mtge. loans
338 92
Interest
1,176 18
Temporary expense
12 88
Forfeited share account .
797 62
Retired share account
3,071 92
Matured share account
5,882 08
Cash on hand Oct. 31,1907,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o f S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
ear
$181,499 51
D
a t e
o f
I
ssu e
Nov., 1895
May, 1896
Nov., 1896
May, 1897
Nov., 1897
May, 1898
Nov., 1898
May, 1899
Nov., 1899
May, 1900
Nov., 1900
May, 1901
Nov., 1901
May, 1902
Nov., 1902
May, 1903
Nov., 1903
May, 1904
Nov., 1904
May, 1905
Nov., 1905
May, 1906
Nov., 1906
May, 1907
Shares
Value
Series per
Share in Force
13 $198 60
14
187 45
15
176 65
16
166 13
17
155 97
18
146 08
136 44
19
127 12
20
21
118 05
22
109 22
23
100 61
92 21
24
84 02
25
76 03
26
27
68 23
60 62
28
53 20
29
45 96
30
38 90
31
32 01
32
25 29
33
34
18 73
12 33
35
6 09
36
Dues paid in advance
102
33
113
28
69
38
40
51
106
37
148
83
131
168
229
246
263
382
451
422
695
590
715
1,182
w it h
Total Value
$20,257
6,185
19,961
4,651
10,761
5,551
5,457
6,483
12,513
4,041
14,890
7,653
11,006
12,773
15,624
14,912
13,991
17,556
17,543
13,508
17,576
11,050
8,815
7,198
20
85
45
64
93
04
60
12
30
14
28
43
62
04
67
52
60
72
90
22
55
70
95
38
589 00
$280,555 85
Dues capital .
Profits capital
$240,901 00
39,654 85
$280,555 85
3
BANK COMMISSIONER
No. 8]
L o a n s o n O ct . 31, 1907
Number of real estate loans
.
152
Average size of same
.
. $1,617 69
“
rate of interest thereon
5 .5 0
Number of share loans .
.
67
Average size of same
.
.
$486 19
“
rate of interest thereon
5.51
Sh a r e s
Number issued during year
.
. 2,163
“
withdrawn
“
.
. 1,068
“
forfeited
“
.
.
25
“
retired
“
.
.
52
“ matured
“
.
.
63
“
in force Oct. 31, 1907
. 6,322
“
borrowed upon Oct. 31, 1907 2,053
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.73
P r o f it s
d is t r ib u t e d
First term, 2-J% ; second term, 2\°/0
M e m b e r s h ip
Number added during year .
“
withdrawn
“
.
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
.
234
133
817
219
598
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .8 4
Percentage of increase in assets dur
ing year
.
.
.
.
11.56
Proportion of profits retained on voluntary
withdrawals, 5 0 % of the last dividend
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 i% , $245,688.76; 6 .0 6 % , $200
Share: 5%%, $32,075;
6 % , $300;
6 .0 6 % , $200
D ate
of
E x a m in a t io n ,
N ovem ber 1
T o ta l E x p e n s e s
fo r
Amount paid for
Per cent, of total assets
Y
O ctober
31,
ear
Salaries
Other Expenses
$878
.3043
$298 18
.1034
Total
$1,176 18
.4077
ADAMS CO-OPERATIVE BANK, ADAMS
President, G e o . B . A d a m s
Secretary and Treasurer, F r a n k H a n l o n
Security Committee: E l is h a B u r l in g a m e , S. L . A . H a l l , J. J. Ca r n e y
Incorporated Dec. 17, 1895
Began business March 10, 1896
Regular meetings the second Tuesday of each month
B a l a n c e Sh e e t , O c t o b er 31, 1907
Assets
Bonds and notes
Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$19,588
180,500
16,663
900
3,531
41
00
00
00
52
Liabilities
. $183,982 00
Dues capital .
.
33,963 15
Profits capital
713 16
Guaranty fund
2,524 62
Surplus .
4
[Pub. Doc
REPORT OF THE
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
Real estate loans eliminated by foreclosure
Real estate loans repaid .
Share loans repaid .
Notes and bonds
Interest
• .
Fines
.
.
.
.
Withdrawal profits .
Forfeited profits
Rent account
Cash on hand Oct. 31,1906
R e c o n c il ia t io n o f S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
ear
D
a t e
I
o f
ssu e
$45,997 00
Mar.,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1,100
34,660
17,911
15,000
11,010
201
371
00
00
00
00
61
97
26
70
85 00.
11,532 00
$137,869 54
Disbursements
Dues capital withdrawn . $26,764 00
100 00
“
“
forfeited
“
“
retired
3,225 00
4,476 76
Profits capital withdrawn
“
“
forfeited .
7 20
“
“
retired
1,160 25
42,575 00
Real estate loans
20,416 00
Share loans
Notes and bonds
34,588 41
160 91
Interest
Temporary expense
779 49
85 00
Surplus .
.
.
.
Cash on hand Oct. 31,1907
3,531 52
Value
Shares
Series per
Share in Force
1 $195 57
180 70
2
169 90
3
4
159 36
139 05
6
129 34
7
119 86
8
110 67
9
10
101 75
93 09
11
84 62
12
76 40
13
14
68 48
15
60 75
16
53 25
45 95
17
18
38 86
31 99
19
20
25 27
18 72
21
12 33
22
23
6 09
1896
1896
1897
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
w it h
Total Value
$7,236
8,673
6,626
12,430
11,402
9,441
19,776
13,169
14,346
9,774
9,223
12,071
12,600
8,626
6,230
13,371
12,318
15,611
6,165
4,324
2,700
2,302
37
48
39
78
82
73
165
119
141
105
109
158
184
142
117
291
317
488
244
231
219
378
09
60
10
08
10
82
90
73
75
45
58
20
32
50
25
45
62
12
88
32
27
02
133 00
Dues paid in advance
$218,556 15
$183,982 00
33,963 15
611 00
Dues capital .
Profits capital
Unpaid dues .
$137,869 54
$218,556 15
^
rpE rprl
o n O c t . 31, 1907
of real estate loans
.
138
size of same
.
. $1,307 97
rate of interest thereon
5 .33
of share loans .
.
39
size of same
.
.
$427 25
rate of interest thereon
5 .6 5
L oans
Sh a r e s
Number issued during year
“
withdrawn “
“
forfeited
“
.
.
.
.
.
. 1
644
573
0
^
O
“
in force Oct. 31, 1907
3,765
“
borrowed upon Oct. 31, 1907 1,323
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.56
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 J % ; second term, 2-J-%
M e m b e r s h ip
Number added during year .
“
withdrawn
“
.
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
.
61
56
498
169
329
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $120,115; 6 % , $60,385
Share: 5 % , $5,840; 6 % , $10,823
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 . 48
Percentage of increase in assets dur
ing year
.
.
.
.
10.32
Proportion of profits retained on voluntary
withdrawals, 1 0%
D ate
T o tal E x p e n s e s
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
for
of
Y
Salaries
$582 99
.
.2636
E x a m in a t io n , A u g u st 2
ear
Other Expenses
$196 50
.0888
Total
$779 49
.3524
No. 8]
BANK COMMISSIONER
5
AMESBUEY CO-OPERATIVE BANK, AMESBURY
President, W . W . H a w k e s Secretary, H. F. Ca r e y Treasurer, P o r t e r Sa r g e n t
Security Committee: W . W . H a w k e s , R. E. B r ig g s , Jo h n C u r r ie r
Incorporated April 10, 1886
Began business May 1, 1886
Regular meetings the first Monday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
Loans on shares .
.
.
.
Real estate by foreclosure, etc.
Unpaid interest .
.
.
.
“
premiums
Cash in hands of secretary .
“
“
“
“ treasurer
$78,200
1,900
300
1,315
68
50
19,758
Liabilities
Dues capital .
.
Profits capital
Guaranty fund
Surplus .
00
00
00
33
43
00
84
$101,592 60
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31,1906
D
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o f
I
ssu e
Series
$19,193 00
$40,866 78
Disbursements
Dues capital withdrawn .
“
“
retired
“
“
matured
Profits capital withdrawn
“
“
retired
“
“
matured .
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Cash on hand Oct. 31, 1907
a t e
$2,526
3,223
2,774
471
1,021
1,041
8,550
600
10
839
19,808
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
00
63
22
75
$101,592 60
R e c o n c id ia t io n o f S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
200 00
9 725 00
1 550 00
1 00
5 164 24
242 04
124 85
50
47 18
4 618 97
$78,982
17,630
2,399
2,580
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
per Share in Force
20 $197 99
21
186 90
22
176 14
23
165 68
24
155 55
25
145 70
26
136 14
27
126 87
117 84
28
109 03
29
30
100 44
92 06
31
32
83 88
75 90
33
34
68 12
35
60 53
36
53 12
37
45 89
38
38 84
39
31 96
40
25 25
41
18 70
42
12 31
43
6 08
Dues paid in advance
53
68
23
75
35
37
28
21
5
30
7
50
26
12
18
37
21
31
206
47
202
238
236
178
w it h
Total Value
$10,493
12,709
4,051
12,426
5,444
5,390
3,811
2,664
589
3,270
703
4,603
2,180
910
1,226
2,239
1,115
1,422
8,001
1,502
5,100
4,450
2,905
1,082
47
20
22
00
25
90
92
27
20
90
08
00
88
80
16
61
52
59
04
12
50
60
16
24
25 00
$40,866 78
$98,319 63
Dues capital .
Profits capital
Unpaid dues .
$78,982 00
17,630 63
1,707 00
$98,319 63
REPORT OF THE
6
[Pub. Doc
o n O c t . 31, 1907
of real estate loans
.
84
size of same
.
.
$930 95
rate of interest thereon
6 .3 0
of share loans .
.
6
size of same
.
.
$316 67
rate of interest thereon
6 .3 0
L oans
Sh a r e s
Number issued during year
.
.
424
“
withdrawn “
.
.
70
“
retired
“
.
. 2 9
“
matured
“
19
“
in force Oct. 31, 1907
. 1,684
“
borrowed upon Oct. 31, 1907
483
Average number held by each mem
ber Oct. 31, 1907
.
.
.4.90
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 ^ % ; second term, 2J %
M e m b e r s h ip
Number added during year
.
“
withdrawn “
.
“
of members Oct.31, 1907
“
“ borrowers
“
“
“
!‘ non-borrowers “
“
R ates
on
.
.
.
.
.
91
28
344
90
254
L o a n s O ct . 31, 1907
R. E .: 6 .3 0 % , $78,200
Share: 6 .3 0 % , $1,900
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
5 .1 5
Percentage of increase in assets dur
ing year
.
.
.
14.7 6
Proportion of profits retained on voluntary
withdrawals, 1 0 %
D ate
T o ta l E x p e n s e s
Amount paid for,
.
Per cent, of total assets
.
.
fo r
E x a m i n a t i o n , M a r c h 25
of
Y
ear
Salaries
$350
.3445
.
Other Expenses
$489 76
.4821
Total
$839 76
.8266
ARLINGTON CO-OPERATIVE BANK, ARLINGTON
President, W
arren
A. P e ir c e
Treasurer, O m a r W . W
Security Committee: W
arren
Secretary, Ch a r l e s H. S t e v e n s
h it t e m o r e
A. P e ir c e , Ja m e s A. B a il e y , Jr., G eo r g e G. A l l e n
Incorporated Oct. 30, 1889
Began business Nov. 14, 1889
Regular meetings the second Tuesday of each month
B a l a n c e Sh e e t , O c t o b er 31, 1907
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
“
fines
Permanent expense account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$284,261
21,205
1,230
1,894
181
189
1,137
24
00
00
08
95
00
79
$310,099 06
Liabilities
Dues capital .
. $258,998 00
Profits capital
.
44,184 63
Guaranty fund
1,487 00
Surplus .
5,423 63
Forfeited share account
5 80
$310,099 06
BANK COMMISSIONER
No. 8]
R e c eip t s
R e c o n c il ia t io n of Sh a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
and
e n d in g
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid .
Mortgages
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Surplus .
.
.
.
Sundry balances
Cash on hand Oct. 31,1906
D
a t e
o f
I
ssu e
a
*
Shares
Value
per Share in Force
.
$63,440 00
. 2,000
00
18,900
14,545
150
2,691
00
00
00
66
654
1
381
77
15
3,139
77
75
99
80
00
08
$120,456 01
Disbursements
Dues capital withdrawn . $25,703 00
18,114 00
“
“
matured
4,653 18
Profits capital withdrawn
6,338 37
“
“
matured .
43,946 24
Real estate loans
18,575 00
Share loans
41 99
Real estate by foreclosure
391 81
Interest
1,321 83
Temporary expense
4 92
Profits capital
222 88
Sundry balances
5 00
Surplus .
.
.
.
1,137 79
Cash on hand Oct. 31, 1907
$120,456 01
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
13 $195 54
184 75
14
174 31
15
164
01
16
154 10
17
144 47
18
135 05
19
20
125 93
116 98
21
22
108 29
23
99 86
24
91 50
83 39
25
75 52
26
67 80
27
60 30
28
52 88
29
45 82
30
38 81
31
32
31 96
25 25
33
34
18 70
12 31
35
08
36
6
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
w it h
Total Value
$10,754
7,390
10,632
11,808
12,790
13,724
6,212
14,733
18,716
12.453
20,171
15,646
19,346
12,460
20,136
12,240
15,123
16,586
10,362
17,993
10.453
8,078
4,530
3,483
55
40
61
72
83
95
46
117
160
115
202
171
232
165
297
203
286
362
267
563
414
432
368
573
70
00
91
72
30
65
30
81
80
35
72
50
48
80
60
90
68
84
27
48
50
40
08
84
390 00
Dues paid in advance
$306,222 63
$258,998 00
44,184 63
3,040 00
Dues capital .
Profits capital
Unpaid dues .
$306,222 63
Sh a r e s
Number issued during year
.
.
991
“
withdrawn “
.
.
488
“
matured
“
.
.
122
“
in force Oct. 31, 1907
5,379
“
borrowed upon Oct. 31, 1907 1,887
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.98
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
157
size of same
.
. $1,810 58
rate of interest thereon
5 .0 0
of share loans
.
.
41
size of same
.
.
$517 20
rate of interest thereon
5 .0 0
P r o f it s
Number added during year
“
withdrawn “
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
R ates
on
96
69
596
198
398
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .2 8
Percentage of increase in assets dur
ing year
.
.
.
.
8 .1 4
Proportion of profits retained on voluntary
withdrawals, 2 5 %
L o a n s O c t . 31, 1907
R. E .: 5 % , $284,261.24
Share: 5 % , $21,205
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2-|%; second term, 2 ^ %
M e m b e r s h ip
.
for
of
Y
E x a m i n a t i o n , S e p t e m b e r 27
ear
Salaries
Other Expenses
$ 1,000
$321 83
.1038
.3225
Total
1,321 83
.4263
8
REPORT OF THE
[Pub. Doc.
ATHOL CO-OPERATIVE BANK, ATHOL
President, G e o . D . B a t e s
Secretary and Treasurer, A . F. H a m il t o n
Security Committee: L e v i B. F a y , A r t h u r F. T y l e r , Ch a r l e s F. A m sd e n
Incorporated July 1, 1889
Began business July 15, 1889
Regular meetings the third Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ on shares
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Cash in hands of treasurer
$85,855
3,495
1,054
60
10
4,593
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
00
00
78
95
92
27
$95,069 92
R e c eip t s
a n d D is b u r s e m e n t s ,
e n d in g O c t o b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
.
.
.
Withdrawal profits .
Cash on hand Oct. 31, 1906
Y
ear
2,000 00
00
00
00
82
41
71
71
$57,965 65
Disbursements
Dues capital withdrawn . $15,194 00
“
matured
1,485 00
Profits capital withdrawn
1,499 01
“
matured .
562 25
Real estate loans
30,814 67
Share loans
3,405 00
Real estate by foreclosure
47 56
Interest
10 21
Temporary expense
354 68
Cash on hand Oct. 31,1907
4,593 27
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
D
a t e
o f
May,
Nov.,
Nov.,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
00
99
00
93
$95,069 92
I
ssu e
Series
$26,991 00
20,250
1,480
108
4,553
114
169
2,298
$81,311
11,292
628
1,837
1896
1896
1897
1898
1899
1899
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
per Share
15 $185 65
174 92
16
18
154 39
20
135 01
21
125 80
22
116 81
24
99 54
25
91 22
26
83 18
27
75 30
28
67 63
29
60 15
30
52 83
31
45 69
32
38 71
33
31 89
34
25 22
35
18 70
36
12 32
37
6 09
Dues paid in advance
$57,965 65
w it h
Shares
in Force
Total Value
16
16
1
41
33
60
96
57
8
85
117
99
63
180
112
162
181
149
342
316
$2,970
2,798
154
5,535
4,151
7,008
9,555
5,199
665
6,400
7,912
5,954
3,328
8,224
4,335
5,166
4,564
2,786
4,213
1,924
40
72
39
41
40
60
84
54
44
50
71
85
29
20
52
18
82
30
44
44
36 00
$92,886 99
Dues capital
Profits capital .
Unpaid dues
$81,311 00
11,292 99
283 00
$92,886 99
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
.
814
“
withdrawn “
.
.
559
“
matured
“
.
. 1 0
“
in force Oct. 31, 1907
. 2,134
“
borrowed upon Oct. 31, 1907
596
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.69
Number
Average
“
Number
Average
“
9
L o a n s o n O ct . 31, 1907
of real estate loans
.
91
size of same
.
.
$943 46
rate of interest thereon
5 .4 4
of share loans
.
.
25
size of same
.
.
$139 80
rate of interest thereon
5 .83
P r o f it s
d is t r ib u t e d
First term, 2-3,-% ; second term, 2-|%
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907 .
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
91
61
319
110
209
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $48,050; 6 % , $37,805
Share: 5 % , $640; 6 % , $2,855
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .6 6
Percentage of increase in assets dur
ing year
.
.
.
.
1 5 .3 9
Proportion of profits retained on voluntary
withdrawals, 5 0 % of the last dividend
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
for
E x a m i n a t i o n , J u l y 12
of
Y
ear
Salaries
Other Expenses
Total
$201 50
.2119
$153 18
.1611
$354 68
.3730
ATLANTIC CO-OPERATIVE BANK, LAW RENCE
President, T h o m a s B e v in q t o n
Treasurer, W
il l ia m
Secretary, B e n j a m in R. B r a d l e y
D. C u r r ie r
Security Committee: R. H. B a r l o w , T h o m a s B e v in g t o n , I sa a c N. W
Incorporated March 26, 1891.
il s o n
Began business April 30, 1891
Regular meetings the last Friday of each month
B a lan c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“
shares .
.
.
.
Permanent expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$166,100
12,550
270
885
00
00
78
33
$179,806 11
Liabilities
Dues capital .
. $148,585 00
.
28,153 48
Profits capital
1,731 33
Guaranty fund
525 05
Surplus .
Interest
696 40
25
Premiums
18 19
Fines
Withdrawal profits .
91 33
Forfeiture profits
08
5 00
Forfeited share account
$179,806 11
10
[Pub. Doc
REPOET OF THE
R e c e ip t s
a n d D is b u r s e m e n t s ,
e n d in g O c t o b e r 31, 1907
Receipts
Dues capital .
Real estate loans elimi
nated by foreclosure
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Cash on hand Oct. 31, 1906
Y
D
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a t e
o p
I
ssu e
Series
00
00
00
00
83
06
00
94
75
12
28
00
94
92
Disbursements
Dues capital withdrawn .
“
“
forfeited
“
“
matured
Profits capital withdrawn
“
“
forfeited .
“
“
matured .
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Permanent expense
Guaranty fund
Cash on hand Oct. 31, 1907
R e c o n c il ia t io n op S h a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
ear
00
00
00
86
14
22
00
00
50
00
54
33
33
92
Jan.,
Apr.,
Oct.,
Jan.,
Apr.,
Oct.,
Jan.,
Apr.,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
1896
1896
1896
1897
1897
1897
1898
1898
1898
1899
1899
1899
1899
1900
1900
1900
1900
1901
1901
1901
1901
1902
1902
1902
1902
1903
1903
1903
1903
1904
1904
1904
1904
1905
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
1907
Value
per Share
20 $200 59
21
1-94 74
183 33
23
24
177 74
172 25
25
27
161 48
156 18
28
29
151 02
31
140 87
32
135 90
33
131 03
34
126 23
121 51
35
116 84
36
37
112 23
38
107 68
39
103 16
40
98 81
41
94 46
42
90 20
43
86 00
44
81 85
77 77
45
46
73 73
47
69 78
65 86
48
62 00
49
50
58 23
51
54 48
52
50 78
53
47 14
54
43 55
39 99
55
56
36 49
33 05
57
58
29 65
59
26 29
22 99
60
61
19 72
62
16 49
13 31
63
64
10 17
65
7 08
4 02
66
67
1 00
Dues paid in advance
Shares
in Force
20
20
20
52
5
5
15
43
5
6
59
48
54
40
114
10
24
117
115
45
71
36
95
6
47
35
107
26
66
89
93
60
96
72
124
131
65
133
248
157
156
87
186
83
122
w it h
Total Value
$4,011|80
3,894 80
3,666 60
9,242 48
861 25
807 40
2,342 70
6,493 86
704 35
815 40
7,730 77
6,059 04
6,561 54
4,673 60
12,794 22
1,076 80
2,475 84
11,560 77
10,862 90
4,059 00
6,106 00
2,946 60
7,388 15
442 38
3,279 66
2,305 10
6,634 00
1,513 98
3,595 68
4,519 42
4,384 02
2,613 00
3,839 04
2,627 28
4,098 20
3,884 15
1,708 85
3,057 67
4,890 56
2,588 93
2,076 36
884 79
1,316 88
333 66
122 00
92 00
$177,943 48
Dues capital .
Profits capital
Unpaid dues .
$148,585 00
28,153 48
1,205 00
$177,943148
No. 8]
11
BANK COMMISSIONER
Sh a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 629
“
withdrawn “
.
.
669
“
forfeited
“
18
“
matured
“
38
“
in force Oct. 31, 1907
. 3,208
“
borrowed upon Oct. 31, 1907 1,282
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.11
L o a n s o n O c t . 31, 1907
of real estate loans
.
99
size of same
.
. $1,677 77
rate of interest thereon
5 .1 7
of share loans
.
.
36
size of same
.
. $348 61
rate of interest thereon
5 .0 2
P r o f it s
d is t r ib u t e d
First term, 1-|%; second term, 1\% ) third
term, 1 J % ; fourth term, 1J%
M e m b e r s h ip
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
.
64
79
352
135
217
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .2 8
Percentage of increase in assets dur
ing year
.
.
.
.
7 .5 0
Proportion of profits retained on voluntary
withdrawals, 2 5 % on all series not over
5 years old; 1 0 % on series more than 5
and not over 8 years old; after 8 years
nothing
R a t e s o n L o a n s O c t . 31, 1907
R . E .: 5 % , 8137,900; 6 % , $27,200;
6 .3 0 % , $1,000
Share: 5 % , $12,250; 6 % , $300
D ate
T o ta l E x p e n s e s
E x a m in a t io n , O ctober 2
o f
for
Y
ear
Salaries
Amount paid for
Per cent, of total assets
Other Expenses
$400
.2225
.0473
Total
$485
.2698
ATTLEBOROUGH CO-OPERATIVE BARK, ATTLEBOROUGH
President, S id n e y O. B ig n e y
Secretary and Treasurer, H a r r y E . Ca r p e n t e r
Security Committee, G e o r g e A. M o n r o e , F r e d . L. T o r r e y , W il l ia m M. S t o n e
Incorporated July 18, 1892
Began business Aug. 17, 1892
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
A ssets
Loans on real estate
Loans on shares .
Unpaid interest .
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$81,292
6,765
304
22
14
72
3,592
00
00
40
96
50
11
29
$92,063 26
Liabilities
Dues capital .
Profits capital
Guaranty fund
. ■* .
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Withdrawal profits .
$76,935
11,580
247
1,331
1,838
23
107
00
40
13
37
55
54
27
$92,063 26
12
REPORT OF THE
R e c eip t s
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
and
e n d in g
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
Dues capital .
$22,582 00
R. E. loans eliminated by
maturity of shares
1,300 00
Real estate loans repaid .
22,168 20
Share loans repaid .
6,060 00
Interest
4,871 68
Fines
.
.
.
.
48 04
Transfer fees .
25
Withdrawal profits .
251 85
Surplus .
.
.
.
20 08
Cash on hand Oct. 31, 1906
3,669 05
D
$8,809
7,150
1,022
2,907
29,418
7,780
28
243
20
3,592
a t e
o f
Feb.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
$60,971 15
Disbursements
Dues capital withdrawn .
“
matured
Profits capital withdrawn
“
matured .
Real estate loans
Share loans
Interest
Temporary expense
Profits capital
Cash on hand Oct. 31, 1907
[Pub. Doc
00
00
20'
22
20
00
35
81
08
29
$60,971 15
I
ssu e
Value
Shares
Series per
Share in Force
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
8
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
$194
172
162
151
142
132
123
113
105
97
89
81
73
65
57
50
43
36
29
22
16
10
4
14
60
14
99
06
42
07
94
06
77
21
04
12
33
75
37
14
22
42
80
37
10
00
w it h
Total Value
21
13
7
11
14
20
35
30
43
138
$4,076
2,243
1,134
1,671
1,988
2,648
4,307
3,418
4,517
13,492
713
4,538
2,266
9,799
2,425
5,137
3,537
3,766
4,030
8,139
1,866
2,828
700
8
56
31
150
42
102
82
104
137
357
114
280
175
Dues paid in advance
94
80
98
89
84
40
45
20
58
26
68
24
72
50
50
74
48
88
54
60
18
00
00
139 00
$89,389 40
Dues capital .
Profits capital
Unpaid dues .
$76,935 00
11,580 40
874 00
$89,389 40
S h a r es
Number issued during year
.
.
505
“
withdrawn “
.
.
359
“
matured
“
50
“
in force Oct. 31, 1907
. 1,970
“
borrowed upon Oct. 31, 1907
592
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.21
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
.
47
size of same
.
. $1,729 62
rate of interest thereon
6 .0 0
of share loans .
.
15
size of same
.
.
$451 00
rate of interest thereon
6 .0 0
P r o f it s
R ates
on
.
.
.
. 4
1907 .
“
.
“
.
47
5
240
62
178
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .7 8
Percentage of increase in assets dur
ing year
.
.
.
.
9 .0 9
Proportion of profits retained on voluntary
withdrawals, 2 5 %
L o a n s O ct . 31, 1907
R. E .: 6 % , $81,292
Share: 6 % , $6,765
D ate
T o tal E x p e n s e s
for
E x a m in a t io n , D e c e m b e r 27
of
Y
ear
Salaries
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 | % ; second term, 3 %
M e m b e r s h ip
Number added during year
“
.withdrawn “
“
of members Oct. 31,
“
“ borrowers
“
“
“ non-borrowers “
.
.
.
.
.
.
$200
.2172
Other Expenses
Total
$43 81
.0476
$243 81
.2648
No. 8]
BANK COMMISSIONER,
13
BALD W IN VILLE CO-OPERATIVE BANK, BA LD W IN V ILLE
President, C. S. D ic k in s o n
Secretary and Treasurer, C. C. S p e a h e
Security Committee, L . L e l a n d , E. L . T h o m p so n , E. N. M tjllins
Incorporated July 16, 1889
Began business July 24, 1889
Regular meetings the fourth Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Temporary expense account .
Cash in hands of treasurer .
.
$41,375
2,705
27
2,223
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
00
00
25
58
$46,330 83
R ec eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Cash on hand Oct. 31, 1906
D
00
00
00
80
00
11
50
128 15
1 06
1,171 30
$15,620 92
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Forfeited share account .
Cash on hand Oct. 31,1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,211 00
512 69
8,100 00
2,375
144
54
2,223
00
40
25
58
00
18
11
16
63
90
14 29
25
73 31
$46,330 83
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
ear
$8,621
2,200
825
2,574
9
90
$35,320
6,428
1,140
2,497
856
a t e
o f
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
I
ssu e
1896
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Series
Value
per Share
15 $190 15
178 81
16
19
146 73
20
136 66
21
126 88
22
117 38
23
108 16
24
99 21
90 52
25
82
08
26
27
73 89
28
65 94
29
58 22
30
50 72
31
43 44
32
36 37
32
29 51
34
22 85
35
16 38
36
10 10
37
4 00
Shares
in Force
11
6
5
1
25
73
20
24
41
25
25
24
28
37
52
62
30
59
76
63
47
w it h
Total Value
$2,091
1,072
733
136
3,172
8,568
2,163
2,381
3,711
2,052
1,847
1,582
1,630
1,876
2,258
2,254
885
1,348
1,244
636
188
65
86
65
66
00
74
20
04
32
00
25
56
16
64
88
94
30
15
88
30
00
$15,620 92
Dues paid in advance
8 00
$41,844 18
Dues capital .
Profits capital
Unpaid dues .
$35,320 00
6,428 18
96 00
$41,844 18
14
REPORT OF THE
Sh ar es
Number issued during year
.
.
113
“
withdrawn “
.
. 5 9
“
in force Oct. 31, 1907
.
734
“
borrowed upon Oct. 31, 1907
297
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.73
Number
Average
“
Number
Average
“
[Pub. Doc.
L o a n s o n O ct . 31, 1907
of real estate loans
.
40
size of same
.
. $1,034 38
rate of interest thereon
6 .01
of share loans
.
.
12
size of same
. .
.
$225 42
rate of interest thereon
6 .0 0
M e m b e r s h ip
P r o f it s
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907 .
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
14
12
109
52
57
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 6 % , $40,175; 6 .3 0 % , $600;
6 .6 0 % , $600
Share: 6 % , $2,705
d is t r ib u t e d
First term, 3 % , second term, 3 %
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
8 .71
Percentage of increase in assets dur
ing year
.
.
.
.
2 2.3 7
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
for
E x a m in a t io n , O c t o b er 16
of
Y
ear
Salaries
Other Expenses
Total
$100
.2159
$44.40
.0958
$144.40
.3117
BERKSHIRE COUNTY CO-OPERATIVE BANK, NORTH ADAMS
President, Ca r l t o n T . P h el ps
Secretary and Treasurer, Ch a r l e s W . F ord
Security Committee: M a r s h a l l R. F or d , G e o r g e A. H a s t in g s , H o b ar t C. T o w e r
Incorporated Nov. 8, 1890
Began business Nov. 19, 1890
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assefs
Bonds and notes .
Loans on real estate
“
“ shares .
Common form mortgages
. .
Real estate by foreclosure, etc.
Unpaid interest .
Permanent expense account .
Insurance and taxes paid
Personal account.
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
$49,283
195,865
16,305
25,265
47,600
3,300
1,119
634
1,307
13,096
00
00
00
20
00
00
00
18
00
76
$353,775 14
Liabilities
Dues capital .
. $292,391 00
Profits capital
.
57,215 18
Guaranty fund
1,636 71
Surplus .
2,159 14
Forfeited share account
373 11
$353,775 14
No. 8]
R e c eip ts
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
Real estate loans eliminated by foreclosure
Real estate loans repaid .
Share loans repaid .
Mortgages
Notes and bonds
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Retired share account
Taxes and insurance
Cash on hand Oct. 31,1906
ear
Date of Issue Series
3,600
44,775
36,805
29,375
1,000
2,100
17,105
518
243
4
393
12
1,448
34,807
184
15,686
00
00
00
80
00
00
14
31
90
75
35
03
26
14
51
81
Disbursements
Dues capital withdrawn . $46,199 00
“
forfeited
942 00
“
“
retired
25,075 00
Profits capital withdrawn
6,594 77
“
forfeited .
133 15
“
retired
9,732 14
Real estate loans
26,700 00
Share loans
32,425 00
Mortgages
5,957 00
Notes and bonds
25,055 50
Real estate by foreclosure
27,500 00
Interest
119 50
Temporary expense.
1,989 71
Permanent expense
146 95
Forfeited share account .
1,075 15
Retired share account
34,807 14
Taxes and insurance
612 23
Personal account
1,307 00
Cash on hand Oct. 31,1907
13,096 76
$259,468 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n op Sh a r e A cco u n t
D u e s a n d P r o f its Ca p it a l
Value
Shares
w it h
Total Value
$71,408 00
$259,468 00
I
15
Nov.,
Mav,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov:,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
11 $205 10
12
193 41
13
182 04
14
170 98
15
160 24
16
149 80
17
139 66
18
129 83
19
120 29
20
111 02
21
102 03
22
93 29
84 81
23
24
76 58
25
68 57
26
60 80
27
53 28
28
45 95
29
38 84
30
31 95
31
25 23
32
18 69
33
12 31
34
6 08
Dues paid in advance
7
5
109
100
159
88
202
77
149
75
178
150
271
378
278
270
355
268
531
366
367
389
528
566
$1,435
967
19,842
17,098
25,478
13,182
28,211
9,996
17,923
8,326
18,161
13,993
22,983
28,947
19,062
16,416
18,914
12,314
20,624
11,693
9,259
7,270
6,499
3,441
70
05
36
00
16
40
32
91
21
50
34
50
51
24
46
00
40
60
04
70
41
41
68
28
866 00
$352,909 18
Dues capital .
Profits capital
Unpaid dues .
$292,391 00
57,215 18
3,303 00
$352,909 18
[Pub. Doc
REPORT OF THE
16
L oans
Sh a r e s
Number issued during year
.
. 1,195
“
withdrawn
“
.
. 1,290
“
forfeited
“
.
.
35
“
retired
“
.
.
190
“
in force Oct. 31, 1907
. 5,866
“
borrowed upon Oct. 31,1907 1,870
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.94
Number
Average
“
Number
Average
“
on
O ct . 31, 1907
of real estate loans
.
174
size of same
.
. $1,125 66
rate of interest thereon
6 .2 3
of share loans .
.
84
size of same
.
.
$194 10
rate of interest thereon
6.01
P r o f it s
d is t r ib u t e d
First term, 2^-%; second term, 2 \%
M e m b e r sh ip
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31,1907 .
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
147
169
739
258
481
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 6 % , $120,530; 6 .6 0 % , $75,335
Share: 6 % , $16,055; 6 .6 0 % , $250
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .09
Percentage of decrease in assets
during year
.
.
.
.06
Proportion of profits retained on voluntary
withdrawals, 5 %
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
for
of
Y
E x a m in a t io n , J u l y 31
ear
Salaries
Other Expenses
Total
$1,350
.3816
$639 71
.1808
$1,989 71
.5624
BEVERLY CO-OPERATIVE BANK, BEVERLY
President, G eo r g e P. B r o w n Secretary, H a r r ie L . O b e r Treasurer, Ch a r l e s F. L e e
Security Committee: G e o r g e P. B r o w n , Jo h n H . G ir d l e r , E d m u n d G il e s
Incorporated Aug. 25, 1888
Began business Sept. 18, 1888
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
35
54
00
36
68
Liabilities
. $278,689 00
Dues capital .
.
45,055 49
Profits capital
Guaranty fund
1,893 23
7,229 38
Surplus .
Interest
1,196 18
1 25
Transfer fees .
36 57
Withdrawal profits .
98 83
Forfeited share account
$334,199 93
$334,199 93
. $295,650
3,030
2,500
.
28,457
104
150
149
4,158
BANK COMMISSIONEN
No. 8]
R
e c e i p t s
D
a n d
e n d i n g
O
i s b u r s e m
c t o b e r
e n t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
D
Receipts
D
00
00
00
02
25
61
50
74
74
68
88
$74,313
48^500
3,210
4,086
15,492
867
3
165
40
61
459
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
.
Transfer fees .
Withdrawal profits .
Temporary expense
Insurance and taxes
Cash on hand Oct. 31, 1906
a t e
o p
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
$147.200 42
Disbursements
Dues capital withdrawn . $29,097 00
“
“
matured
10,799 00
Profits capital withdrawn
4,118 67
“
matured .
3,663 06
90,350 00
Real estate loans
2,700 00
Share loans
658 87
Real estate by foreclosure
263 36
Interest
1,340 10
Temporary expense
51 68
Insurance and taxes
Cash on hand Oct. 31, 1907
4,158 68
I
u e s
ssu e
17
S
o f
P
a n d
h
C
c c o u n t
15 $196 15
16
185 22
174 67
17
164 37
18
154 41
19
144 72
20
21
135 30
22
126 16
23
117 29
24
108 68
100 30
25
92 12
26
84 18
27
76 45
28
68 87
29
61 49
30
54 31
31
32
47 28
33
40 42
34
33 70
35
27 10
20 63
36
14 29
37
38
8 08
2 00
39
w
i t h
a p i t a l
Value
Shares
per Share in Force
Series
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
A
a r e
r o f i t s
Total Value
21
127
115
121
100
66
72
96
168
204
175
108
89
164
65
562
331
268
99
141
180
692
1,120
922
594
$4,119
23,522
20,087
19,888
15,441
9,551
9,741
12,111
19,704
22,170
17,552
9,948
7,492
12,537
4,476
34,557
17,976
12,671
4,001
4,751
4,878
14,275
16,004
7,449
1,188
15
94
05
77
00
52
60
36
72
72
50
96
02
80
55
38
61
04
58
70
00
96
80
76
00
$147,200 42
Dues paid in advance
350 00
$326,451 49
$278,689 00
45,055 49
2,707 00
Dues capital .
Profits capital
Unpaid dues .
$326,451 49
S
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,857
“
withdrawn
“
.
. 8 3 7
“
matured
“
.
.71
“
in force Oct. 31, 1907
. 6,600
“
borrowed upon Oct. 31, 1907 1,663 t
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.62
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
. 187
size of same
.
. $1,581 02
rate of interest thereon
5 .2 8
of share loans .
.
16
size of same
.
.
$189 37
rate of interest thereon
5 .4 8
P
M
e m
d i s t r i b u
t e d
.252
. 1 1 9
.
997
.
199
.
798
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $162,850; b\% , $4,050; b\% ,
$95,600; 5 f % , $6,450; 6 % , $25,200;
6-i-%, $1,000; 8 f % , $500
Share: 5 % , $1,550; 6 % , $1,480
T
E
o t a l
x p e n
M
Amount paid for
.
Per cent, of total assets
.
.
.
.
.
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .8 2
Percentage of increase in assets dur
ing year
.
.
.
.
14.1 2
Proportion of profits retained on voluntary
withdrawals, 2 5 % on all series not over
5 years old, after 5 years nothing
D
s e s
a t e
f o r
o f
Y
Salaries
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
r o f i t s
First term, 2 % ; second term, 2 f %
b e r s h i p
Number added during year .
“
withdrawn
“
.
“
of members Oct.31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
$750 35
.
.2245
E
x a m
i n
a t i o
n
,
F
e b r u
a r y
e a r
Other Expenses
$589 75
.1765
Total
$1,340 10
.4010
13
18
REPORT OF THE
[Pub. Doc
B. F. BUTLER CO-OPERATIVE BANK, LOW ELL
President, F i s h e r H . P e a r s o n
Security Committee: P e t e r
Secretary and Treasurer,
A .
F
a y
,
G
a r d n
Incorporated Oct. 30, 1901
W
e r
.
P
G
e a r s o n
a r d n
,
J
W
e r
K
o h n
.
P
e a r s o n
e a r n
e y
Began business Nov. 1, 1901
Regular meetings the first Friday of each month
B
S
a l a n c e
Assets
Loans on real estate
“
“ shares .
Unpaid dues
“
interest .
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
.
h
e e t
,
O
$9,025
2,150
157
72
8
30
5
526
c t o b e r
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Forfeiture profits
Forfeited share account .
00
00
00
14
94
00
00
26
$11,974 34
R
e c e i p t s
e n
D
a n d
d i n
g
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e c o n c i l i a t i o n
D
D
$3,563
1,750
588
33
25
8
78
10
1,310
00
00
14
98
37
10
00
00
47
$7,367 06
Disbursements
Dues capital withdrawn .
“
forfeited
Profits capital withdrawn
“
“
forfeited .
Real estate loans
Share loans
Temporary expense
Forfeited share account .
Cash on hand Oct. 31, 1907
$2,188
478
195
41
2,050
1,750
68
16
579
00
00
65
30
00
00
85
00
26
a t e
o p
Nov.,
May,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
00
62
00
82
80
8 10
86 00
$11,974 34
31, 1907
Receipts
Dues capital .
Share loans repaid .
Interest
Fines
.
.
.
Withdrawal profits .
Forfeited profits
Forfeited share account .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e a r
$10,338
1,239
84
217
I
u
ssu e
1901
1902
1902
1903
1903
1904
1905
1905
1906
1906
1907
e s
o f
a n d
P
S
h
a r e
r o f i t s
A
C
c c o u n t
Value
Shares
Series per
Share in Force
1
2
3
4
5
7
8
9
10
11
12
$83
75
68
60
53
38
31
25
18
12
6
73
83
09
52
12
84
96
25
70
31
08
w
i t h
a p i t a l
61
8
16
10
21
15
10
24
57
33
12
Total Value
$5,107
606
1,089
605
1,115
582
319
606
1,065
406
72
53
64
44
20
52
60
60
00
90
23
96
$11,577 62
Dues capital .
Profits capital
Unpaid dues .
$10,181 00
1,239 62
157 00
$11,577 62
$7,367 06
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
.
80
“
withdrawn “
.
.
94
“
forfeited
“
.
.
34
“
in force Oct. 31, 1907
.
267
“
borrowed upon Oct. 31, 1907
115
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.84
19
o n O c t . 31, 1907
of real estate loans
.
13
size of same
.
.
$694 23
rate of interest thereon
5.81
of share loans .
.
5
size of same
.
.
$430 00
rate of interest thereon
6 .0 0
L oans
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 J % ; second term, 2 J %
M e m b e r s h ip
Number added during year
.
“
withdrawn “
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
10
. 1 3
.
39
.
17
.
22
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $1,650; 6 % , $7,375
Share: 6 % , $2,150
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital . 2 .6 0
Percentage of increase in assets dur
ing year
.
.
.
.
14.05
Proportion of profits retained on voluntary
withdrawals, 2 5 % on all series not over
3 years old; 1 0 % on all series over 3 and
not over 5 years; after 5 years, nothing
D ate
T o ta l E x p e n s e s
fo r
E x a m in a t io n , M a y 14
of
Y
ear
Salaries
$60
. 4989
Amount paid for
Per cent, of total assets
Other Expenses
$8 85
.0736
Total
$68 85
.5725
BOSTON CO-OPERATIVE BANK, BOSTON
President, G e o r g e G. S. P e r k in s
Secretary and Treasurer, G eo r g e T. B o sson
Security Committee: G e o r g e T. B o sso n , H o d g d e n F. B u z z e l l , F r a n c is J. M u r p h y
Incorporated April 30, 1888
Began business May 2, 1888
Regular meetings the first Monday of each month
B a l a n c e Sh e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Insurance and taxes paid
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $549,410 00
.
54,570 00
.
32,250 02
.
36,590 15
2,331 68
4 00
270 60
15 00
556 63
$675,998 08
Liabilities
Dues capital .
. $577,095 00
Profits capital
.
89,039 02
Guaranty fund
4,047 89
Surplus .
5,589 72
Withdrawal profits .
160 59
Forfeited share account
65 86
$675,998 08
R
[Pub. Doc
REPORT OF THE
20
e c e i p t s
D
a n d
e n d i n g
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
Receipts
$135,962 00
Dues capital .
Real estate loans eliminated by foreclosure
7,700 00
69,900 00
Real estate loans repaid .
25,150 00
Share loans repaid .
8,453 25
Mortgages
Real estate by foreclosure
22,069 66
30,229 20
Interest
38 54
Premiums
1,239 28
Fines
.
.
.
.
Transfer fees .
6 50
Withdrawal profits .
1,930 27
11 23
Forfeited profits
Temporary expense
2 00
Forfeited share account .
697 85
36 26
Guaranty fund
Insurance and taxes
216 56
Surplus .
.
.
.
51 36
Cash on hand Oct. 31, 1906
1,246 29
$304,940 25
Disbursements
Dues capital withdrawn . $91,349 00
682 00
“
“
forfeited
10,544 34
Profits capital withdrawn
44 93
“
“
forfeited .
Real estate loans
143,500 00
Share loans
36,850 00
13,277 90
Real estate by foreclosure
Temporary expense
3,401 22
1,204 58
Forfeited share account .
Guaranty fund
1,381 51
Surplus .
.
.
.
1,381 49
134 90
Insurance and taxes
Profit and loss
631 75
Cash on hand Oct. 31, 1907
556 63
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e a r
e c o n
31, 1907
$304,940 25
c i l i a t i o n
D
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
Mav,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
u e s
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
a n d
o f
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Value
Shares
Series per
Share in Force
16 $189 84
179 12
17
18
168 79
19
158 81
20
149 11
21
139 74
22
130 63
23
121 88
24
113 38
25
105 06
26
97 01
27
89 11
28
81 39
29
73 88
66 52
30
31
59 33
32
52 26
33
45 35
34
38 53
35
31 76
36
25 12
18 64
37
38
12 29
39
6 08
Dues paid in advance
w
i t h
a p i t a l
129
154
152
142
225
94
300
294
406
403
534
406
325
302
493
467
535
609
665
703
979
862
799
1,272
Total Value
$24,489
27,584
25,656
22,551
33,549
13,135
39,189
35,832
46,032
42,339
51,803
36,178
26,451
22,311
32,794
27,707
27,959
27,618
25,622
22,327
24,592
16,067
9,819
7,733
36
48
08
02
75
56
00
72
28
18
34
66
75
76
36
11
10
15
45
28
48
68
71
76
1,169 00
$670,516 02
Dues capital .
Profits capital
Unpaid dues .
$577,095 00
89,039 02
4,382 00
$670,516 02
BANK COMMISSIONER
No. 8]
L o a n s o n O c t . 31, 1907
of real estate loans
.
249
size of same
.
. $2,206 47
rate of interest thereon
5 .1 5
of share loans
.
.
271
size of same
.
. $201 37
rate of interest thereon
5 .2 4
Sh ares
Number issued during year
.
. 2,425
“
withdrawn “
.
. 2,278
“
forfeited
“
44
“
in force Oct. 31, 1907
11,250
“
borrowed upon Oct. 31, 1907 4,188
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.69
21
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 2J%'; second term, 2-\%
M e m b e r s h ip
Number added during year
.
“
withdrawn “
.
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
. 298
. 300
. 1,294
. 520
. 774
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , 8442,230; 5\% , $38,250; 5\% ,
$9,650; 6 % , $41,180; 0\% , $6,900; 0\% ,
$5,000; 6 |% , $6,200
Share: 5 % , $40,290; 5\% , $1,460; 5 |% ,
$600; 5 f % , $1,700; 6 % , $9,450; 6 f % ,
$540; 6 £ % , $530
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .4 5
Percentage of increase in assets dur
ing year
.
.
.
.
9 .8 6
Proportion of profits retained on voluntary
withdrawals, 2 5 % on all series less than
6 years old; 2 0 % for series 7 years old;
1 5 % for series 8 years old; 1 0 % for all
series over 8 years old
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
of
for
Y
E x a m i n a t i o n , A u g u s t 1, 2
ear
Salaries
Other Expenses
Total
$2,346 81
.3471
$1,054 41
.1559
$3,401 22
.5030
BRAINTREE CO-OPERATIVE BANK, SOUTH BRAINTREE
President, Ja m e s T. S t e v e n s
Secretary and Treasurer, Ch a r l e s B. Cu m m in g s
Security Committee: Ja m e s T. S t e v e n s , T. H a v e n D e a r in g , A m a s a S. T h a y e r
Incorporated June 24, 1889
Began business Oct. 15, 1889
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
Loans on shares .
Permanent expense account .
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$82,920
4,640
31
100
15
1,890
00
00
00
00
66
04
$89,596 70
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited share account
Personal accounts .
$72,159
12,979
437
1,759
2,021
102
53
.
00
99
52
81
68
95
93
25
56 05
9 14
16 38
$89,596 70
REPORT OF THE
22
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
$44,094 57
Disbursements
Dues capital withdrawn .
“
“
matured
Profits capital withdrawn
“
“
matured .
Real estate loans
Share loans
Interest
Temporary expense
Matured share account
Insurance and taxes paid
Cash on hand Oct. 31,1907
R e c o n c il ia t io n of Sh a r e A cco u n t
D u e s a n d P r o f its Ca p it al
ear
Receipts
Dues capital .
$20,019 00
R. E. loans eliminated by
maturity of shares
2,000 00
7,175 00
Real estate loans repaid .
430 00
Share loans repaid .
5,004 22
Interest
252 65
Premiums
130 39
Fines
.
.
.
.
Transfer fees .
75
Withdrawal profits .
99 72
Matured share account
3,617 64
5,365 20
Cash on hand Oct. 31,1906
$3,907
2,538
399
1,079
27,350
2,810
53
443
3,617
6
1,890
00
00
13
64
00
00
46
00
64
66
04
[Pub. Doc
D
a t e
o f
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec;,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
I
ssu e
Series
Value
Shares
in Force
15 $191 29
16
179 94
17
168 92
18
158 22
19
147 83
20
137 75
21
127 96
22
118 46
23
109 23
24
100 27
25
91 57
26
83 13
74 93
27
28
66 97
29
59 24
30
51 74
44 46
31
32
37 39
33
30 52
34
23 85
35
17 38
36
11 10
5 00
37
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Total Value
32
22
9
33
20
18
39
40
40
11
72
39
37
57
83
78
88
112
94
247
173
152
196
$6,121
3,958
1,520
5,221
2,956
2,479
4,990
4,738
4,369
1,102
6,593
3,242
2,772
3,817
4,916
4,035
3,912
4,187
2,868
5,890
3,006
1,687
980
Dues paid m advance
28
68
28
26
60
50
44
40
20
97
04
07
41
29
92
72
48
68
88
95
74
20
00
35 00
$85,404 99
$44,094 57
•
w it h
Dues capital .
Profits capital
Unpaid dues .
$72,159 00
12,979 99
266 00
$85,404 99
Sh a r e s
Number issued during year
.
.
436
“
withdrawn “
.
.
189
“
matured
“
.
. 1 8
“
in force Oct. 31, 1907
. 1,692
“
borrowed upon Oct. 31, 1907
532
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.02
Number
Average
“
Number
Average
“
L o a n s o n O ct . 31, 1907
of real estate loans
.
58
size of same
.
. $1,429 66
rate of interest thereon
6 .3 0
of share loans .
.
24
size of same
.
.
$193 33
rate of interest thereon
6 .3 0
P r o f it s
Number
“
“
“
“
added during year
withdrawn
“
of members Oct. 31,
“ borrowers
“
“ non-borrowers “
R ates
on
.
.
.
.
1907 .
“
.
“
.
L o a n s O ct . 31, 1907
R. E .: 6 .3 0 % , $82,920
Share: 6 .3 0 % , $4,640
51
28
211
70
141
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .5 8
Percentage of increase in assets dur
ing year
.
.
.
.
2 3 .5 4
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M e m b e r s h ip
for
of
Y
E x a m in a t io n , F e b r u a r y 25
ear
Salaries
Other Expenses
$410
.4576
$33
.0368
Total
$443
.4944
23
BANK COMMISSIONER
No. 8]
BRIDGEW ATER CO-OPERATIVE BANK, BRIDGEW ATER
President, S a m u e l P.
Security Committee: W i l
G
a t e s
B
l i a m
a s s e t t
Secretary and Treasurer, F
W m. S . P r o p h e t t , W e n d
,
Incorporated May 27, 1902
r a n
e l l
E.
k
P .
H
G
u
r n
e y
u t c h i n s o n
Began business June 16, 1902
Regular meetings the third Monday of each month
B
S
a l a n c e
Assefs
Loans on real estate
“
“
shares .
.
.
.
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer .
h
e e t
,
O
$30,000
980
76
120
2,578
c t o b e r
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Withdrawal profits .
Forfeiture profits
00
00
12
16
77
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
e c o n c i l i a t i o n
31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31, 1906
D
D
$10,922
1,850
896
1,778
45
00
00
00
24
91
25
55 63
3,259 46
$18,807 49
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e a r
$5,456
632
9,100
800
240
$2,578
00
57
00
00
15
77
$18,807 49
a t e
o p
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
00
78
85
19
31
33
72
87
$33,755 05
$33,755 05
R
$29,886
2,657
43
363
755
22
18
7
I
ssu e
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
u e s
o f
a n d
P
S
h
a r e
r o f i t s
A
C
c c o u n t
Value
Shares
Series per
Share in Force
1
2
3
4
5
6
7
8
9
10
11
$73
65
58
50
43
36
30
23
17
11
5
Dues paid in advance
04
48
08
86
81
94
23
69
31
08
00
w
i t h
a p i t a l
225
44
23
42
25
43
52
26
127
122
290
Total Value
$16,434
2,881
1,335
2,136
1,095
1,588
1,571
615
2,198
1,351
1,450
00
12
84
12
25
42
96
94
37
76
00
87 00
$32,745 78
Dues capital .
Profits capital
Unpaid dues .
$29,886 00
2,657 78
202 00
$32,745 78
24
REPORT OF THE
Sh a r e s
Number issued during year
.
.
416
“
withdrawn “
.
.
104
“
in force Oct. 31, 1907
. 1,019
“
borrowed upon Oct. 31, 1907
142
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.41
Number
Average
“
Number
Average
“
[Pub. Doc,
L o an s o n O ct . 31, 1907
of real estate loans
.
28
size of same
.
. $1,071 43
rate of interest thereon
6 .0 0
of share loans .
.
4
size of same
.
.
$245 00
rate of interest thereon
6 .0 0
P r o f its
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
R ates
on
d is t r ib u t e d
First term, 2 J % ; second term, 2-|%
M e m b e r s h ip
.
.
.
.
.
50
7
159
32
127
L o a n s O ct . 31, 1907
R. E .: 6 % , $30,000
Share: 6 % , $980
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .2 5
Percentage of increase in assets dur
ing year
.
.
.
.
2 3.8 0
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
for
of
Y
Salaries
Amount paid for
Per cent, of total assets
. $160 41
.4752
E x a m in a t io n , D e c e m b e r 9
ear
Other Expenses
Total
$79 74
.2362
$240 15
.7114
BROOKLINE CO-OPERATIVE BANK, BROOKLINE
President, N a t h a n ie l C o n a n t
Secretary and Treasurer, E m e r y B . M oore
Security Committee: A. H. B a il e y , C. A. D e l a n o , M. J. O ’H e a r n , W m . S. K e m p ,
E. A. R o b a r t , J. W . Sh ie l d s
Incorporated March 13, 1895
Began business May 2, 1895
Regular meetings the first Thursday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Cash in hands of treasurer .
Cash items .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $251,035 00
.
19,255 00
827 43
79 68
2,621 97
67 94
$273,887 02
Liabilities
Dues capital .
$226,652 00
Profits capital
.
40,347 86
Guaranty fund
1,800 00
Surplus .
5,087 16
$273,887 02
No. 8]
R e c eip ts
and
e n d in g
BANK COMMISSIONEB
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Recei-pts
Dues capital .
$54,742 00
R. E. loans eliminated by
maturity of shares
2,400 00
Real estate loans repaid .
28,575 00
Share loans repaid .
6,813 00
Interest
13,943 15
Fines
.
.
.
.
447 44
Transfer fees .
3 50
Withdrawal profits .
544 51
Profits capital
33 00
Surplus .
.
.
.
10 40
Cash on hand Oct. 31, 1906
12,572 23
$120,084 23
Disbursements
Dues capital withdrawn . $18,752 00
“
“
matured
1,740 00
Profits capital withdrawn
2,178 95
“
“
matured .
670 08
Real estate loans
79,700 00
Share loans
13,359 00
Real estate by foreclosure
6 85
Interest
10 00
Temporary expense
939 44
Surplus .
.
.
.
38 00
Cash on hand Oct. 31, 1907
2,689 91
25
R e c o n c il ia t io n of S h a r e A ccount
D u e s a n d P r o f its Ca p it al
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
Series
1895
1896
1896
1897
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
2 $199 58
3
188 38
4
177 47
5
166 82
6
156 50
8
136 74
9
127 32
10
118 13
11
109 24
12
100 59
13
92 18
14
83 97
15
75 99
16
68 19
17
60 57
18
53 15
19
45 91
20
38 85
21
31 97
22
25 25
23
18 70
24
12 31
25
6 08
w it h
Total Value
8
64
86
3
93
145
90
139
119
25
314
260
201
173
176
241
374
289
234
436
231
480
444
$1,596
12,056
15,262
500
14,554
19,827
11,458
16,420
12,999
2,514
28,944
21,832
15,273
11,796
10,660
12,809
17,170
11,227
7,480
11,009
4,319
5,908
2,699
Dues paid in advance
64
32
42
46
50
30
80
07
56
75
52
20
99
87
32
15
34
65
98
00
70
80
52
232 00
$120,084 23
$268,555 86
Dues capital .
Profits capital
Unpaid dues .
$226,652 00
40,347 86
1,556 00
$268,555 86
Sh a r e s
Number issued during year
.
.
969
“
withdrawn “
.
.
461
“
matured
“
12
“
in force Oct. 31, 1907
. 4,625
“
borrowed upon Oct. 31, 1907 1,671
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.56
L o a n s o n O ct . 31, 1907
Number of real estate loans
.
101
Average size of same
.
. $2,485 50
“
rate of interest thereon
5 .5 6
Number of share loans .
.
72
Average size of same
.
.
$267 43
“
rate of interest thereon
5 .51
P r o f it s
M e m b e r s h ip
.
.
.
.
98
49
540
150
390
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 i% , $216,775; 6 % , $34,260
Share: 5 % , $150; 5 £ % , $18,155; 5 f % ,
$200; 6 % , $750
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .5 8
Percentage of increase in assets dur
ing year
.
.
.
.
19.98
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 \% ; second term, 2 £ %
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
fo r
of
Y
E x a m in a t io n , O c to b er 30
ear
Salaries
Other Expenses
Total
$600
.2191
$339 44
.1239
$939 44
.3430
REPORT OF THE
26
[Pub. Doc
CAMBRIDGE CO-OPERATIVE BANK, CAMBRIDGE
President, F r e d A. O
Security Committee: G e
Secretary and Treasurer,
b e r
S .
o r g e
K
e e l e r
,
Incorporated Sept. 5, 1877
N
a t h
W
a n
.
S
h x j m
w
a y
J
,
o h n
J
H.
P
S .
K
o h n
o n c e
e n
n
e y
Began business Sept. 12, 1877
Regular meetings the second Wednesday of each month
B
a l a n c e
Asseis
Loans on real estate
“
“ shares .
Unpaid dues
“
interest .
“
premiums
“
fines
Permanent expense' account .
Cash in hands of treasurer
.
S
h
e e t
,
O
$44,100
1,440
568
552
18
25
22
2,487
c t o b e r
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Forfeited share account .
Personal accounts .
Sundry balances
00
00
00
94
02
40
19
65
$49,214 20
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
e c o n c i l i a t i o n
D
D
o f
I
ssu e
$9,633 00
800
3,850
750
2,467
55
61
270
16
5,057
00
00
00
64
73
12
32
05
91
$22,961 77
Disbursements
Dues capital withdrawn .
“
“
retired
“
“
matured
Profits capital withdrawn
“
retired
“
“
matured .
Real estate loans
Share loans
Interest
Temporary expense
Permanent expense
Surplus .
.
.
.
Cash on hand Oct. 31, 1907
a t e
$5,678
3,252
564
811
1,238
238
7,600
710
22
346
1
12
2,487
00
00
00
97
10
16
00
00
31
58
00
00
65
$22,961 77
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
00
33
43
64
66
05
09
$49,214 20
31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Interest
Premiums
Fines
.
.
.
.
Withdrawal profits .
Personal accounts .
Cash on hand Oct. 31,1906
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e a r
$40,312
8,142
432
286
9
16
15
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
u e s
a n d
o f
P
S
h
a r e
r o f i t s
A
C
c c o u n t
Value
Shares
Series per
Share in Force
52 $203 86
192 40
53
54
181 16
55
170 31
56
159 80
57
149 68
58
139 58
59
129 87
60
120 43
61
111 28
62
102 36
63
93 71
64
85 30
65
77 09
66
69 10
67
61 29
68
53 73
69
46 35
70
39 17
71
32 16
72
25 38
73
18 77
74
12 35
75
6 09
w
i t h
a p i t a l
6
10
15
5
12
6
26
10
53
10
17
45
33
1
23
49
46
25
79
75
56
65
87
34
Total Value
$1,223
1,924
2,717
851
1,917
898
3,629
1,298
6,382
1,112
1,740
4,216
2,814
77
1,589
3,003
2,471
1,158
3,094
2,412
1,421
1,220
1,074
207
16
00
40
55
60
08
08
70
79
80
12
95
90
09
30
21
58
75
43
00
28
05
45
06
$48,456 33
Dues capital .
Profits capital
Suspense dues
$40,312 00
8,142 33
2 00
$48,456 33
No. 8]
BANK COMMISSIONER
S
L oans
h a r e s
Number issued during year
.
.
“
withdrawn “
.
.
“
retired
“
.
. 2
“
matured
“
“
in force Oct. 31, 1907
.
“
borrowed upon Oct. 31, 1907
Average number held by each mem
ber Oct. 31, 1907
.
.
.6
151
159
4
4
788
260
Number
Average
“
Number
Average
“
e m
O c t . 31, 1907
on
of real estate loans
.
38
size of same
.
. $1,160 52
rate of interest thereon
6.13
of share loans .
.
20
size of same
.
.
$75 78
rate of interest thereon
6 .1 5
.79
P
M
27
r o f i t s
d i s t r i b u
t e d
First term, 2 J % ; second term, 3 %
b e r s h i p
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“
.
20
24
116
43
73
M
R a t e s
o n
L o a n s
O c t . 31, 1907
E .: 6 % , $27,950; 6 .3 0 % , $13,550;
6 .6 0 % , $2,600
Share: 6 % , $920; 6 .3 0 % , $300; 6 .6 0 % ,
$220
R.
T
E
o t a l
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .4 8
Percentage of increase in assets dur
ing year
.
.
.
.
1 .40
Proportion of profits retained on voluntary
withdrawals, one-third
D
x p e n
s e s
Amount paid for
Per cent, of total assets
a t e
f o r
o f
E
Y
e a r
x a m
i n
a t i o n
,
D
e c e m
b e r
Salaries
Other Expenses
Total
$310
.6299
$36 58
.0803
$346 58
.7102
28
CAMPELLO CO-OPERATIVE BANK, BROCKTON
President, E d w a r d
Security Committee:
H.
H
e n
K
Secretary and Treasurer,
, N a t h a n
H. W a s h b u
e i t h
r y
C.
R
i p l e y
Incorporated Oct. 3, 1877
W
r n
a r r e n
,
F
r e d
T. C
R.
o p e l a n d
H
a y w
a r d
Began business Oct. 3, 1877
Regular meetings the second Monday of each month
B
a l a n c e
S
h
e e t
,
O
c t o b e r
31, 1907
Assets
Loans on real estate
$511,400 00
8,100 00
“
“ shares .
.
.
.
8,085 00
Common form mortgages
Real estate by foreclosure, etc.
2,773 39
Unpaid interest .
.
.
.
1,591 25
“
premiums
70 38
170 84
“
fines
.
.
.
.
Permanent expense account .
80 00
Temporary expense account .
152 57
92 96
Insurance and taxes paid
102 08
Personal account.
Real estate sales under agreements
12,626 50
2,702 26
Cash in hands of treasurer .
Liabilities
. $472,344 00
Dues capital .
Profits capital
.
65,945 78
3,650 00
Guaranty fund
2,549 93
Surplus
Interest
2,873 00
63 62
Premiums
71 60
Fines
50
Transfer fees .
389 25
Withdrawal profits .
42 09
Forfeited share account
17 46
Rents .
$547,947 23
$547,947 23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
REPORT OF THE
28
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
Receipts
Dues capital .
$163,648
R. E. loans eliminated by
maturity of shares
11,050
Real estate loans repaid .
91,750
Share loans repaid .
8,400
Mortgages
1,300
Real estate by foreclosure
5,003
Interest
29,746
Premiums
777
Fines
.
.
.
.
785
Transfer fees .
5
Withdrawal profits .
1,340
Payments on real estate
agreements .
1,261
Surplus .
.
.
.
26
Rents .
.
.
.
517
Insurance and taxes
13
Cash on hand Oct. 31,1906
8,902
e c o n c i l i a t i o n
D
D
a t e
o f
I
u e s
ssu e
a n d
Series
o f
P
S
h a r e
r o f i t s
Value
A
C
c c o u n t
w
i t h
~
a p i t a l
Shares
Total Value
00
00
00
00
00
94
15
49
36
25
14
00
43
52
00
27
$324,526 55
Disbursements
Dues capital withdrawn . $57,250 00
“
retired
34,452 00
8,064 00
“
matured
Profits capital withdrawn
5,355 13
6,741 16
“
retired
“
matured .
3,257 87
Real estate loans
191,920 00
Share loans
8,100 00
Real estate by foreclosure
26 43
Real estate sales under
agreements .
3,000 00
Interest
731 60
Temporary expense
2,115 95
Surplus .
.
.
.
503 94
Matured share account
102 08
Insurance and taxes
204 13
Cash on hand Oct. 31,1907
2,702 26
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e a r
31, 1907
[Pub. Doc
$324,526 55
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
30 $192 04
31
181 24
32
170 69
160 46
33
34
150 54
35
140 83
131 31
36
37
122 01
112 92
38
104 06
39
40
95 40
41
86 90
42
78 64
43
70 59
44
62 78
55 15
45
46
47 72
40 49
47
48
33 43
49
26 56
50
19 88
51
13 40
52
7 11
53
1 00
Dues paid in advance
8
27
41
21
12
20
32
30
23
378
328
639
553
639
905
736
944
655
949
914
1,750
1,326
2,122
1,632
$1,536
4,893
6,998
3,369
1,806
2,816
4,201
3,660
2,597
39,334
31,291
55,529
43,487
45,107
56,815
40,590
45,047
26,520
31,725
24,275
34,790
17,768
15,087
1,632
32
48
29
66
48
60
92
30
16
68
20
10
92
01
90
40
68
95
07
84
00
40
42
00
313 00
$541,196 78
Dues capital .
Profits capital
Unpaid dues .
$472,344 00
65,945 78
2,907 00
$541,196 78
No. 8]
BANK COMMISSIONER
S
h a r e s
Number issued during year
.
. 4,373
“
withdrawn “
.
. 2,504
“
retired
“
.
.
412
“
matured
“
56
“
in force Oct. 31, 1907
14,684
“
borrowed upon Oct. 31, 1907 2,779
Average number held by each mem
ber Oct. 31, 1907
.
.
.1 0 . 1 3
Number
Average
“
Number
Average
“
29
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
303
size of same
.
. $1,687 78
rate of interest thereon
6 .13
of share loans .
.
17
size of same
.
.
$476 47
rate of interest thereon
6 .0 6
P r o f it s
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M
e m
b e r s h i p
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
330
232
1,449
.
313
. 1,136
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .1 5
Percentage of increase in assets dur
ing year
.
.
.
.
1 6 .6 6
Proportion of profits retained on voluntary
withdrawals, 2 5 %
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 6 % , $297,000; 6 .3 0 % , $214,400
Share: 6 % , $6,450; 6 .3 0 % , $1,650
T
E
o t a l
D ate
x p e n
s e s
f o r
of
Y
e a r
Salaries
Amount paid for
Per cent, of total assets
E x a m in a t io n , S e p t e m b e r 26
Other Expenses
. $1,801 67
. 3288
$314 28
.0574
Total
$2,115 95
.3862
CANTON CO-OPERATIVE BANK, CANTON
President, J o s e p h
Security Committee:
W
J
.
W
a t t l e s
,
W
W
o s e p h
.
Jr.
Secretary and Treasurer, J a
, Jr., J o h n
B. R o b i n s o n
a t t l e s
Incorporated Jan. 10, 1891
m
e s
,
J
E .
o h n
G
r i m
E
v e r e t t
e s
Began business Feb. 10, 1891
Regular meetings the second Tuesday of each month
B
a l a n c e
Assefs
Loans on real estate
“
“ shares
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
♦ .
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
O
c t o b e r
. $231,820 00
.
10,100 00
4,825 25
1,930 50
86 50
124 00
158 25
3,244 12
$252,288 62
31, 1907
Liabilities
Dues capital .
. $205,261 00
Profits capital
.
37,412 52
Guaranty fund
2,376 00
Surplus
1,395 55
Interest
3,807 55
Premiums
191 70
Fines
161 92
Transfer fees .
1 25
Withdrawal profits .
275 13
Forfeited share account
6 00
Personal accounts .
1,400 00
$252,288 62
30
[Pul). Doc
REPORT OF THE
R e c eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its Ca p it a l
ear
Receipts
Dues capital .
$63,289 00
Real estate loans elimi
4,200 00
nated by foreclosure
R. E. loans eliminated by
5,650 00
maturity of shares
40,800 00
Real estate loans repaid .
10,240 00
Share loans repaid .
13,501 78
Real estate by foreclosure
Interest
.
.
.
13,730 45
689 25
Premiums
494 67
Fines
.
.
.
.
3 25
Transfer fees .
761 37
Withdrawal profits .
Forfeited profits
119 33
1,717 73
Forfeited share account .
1,400 00
Personal accounts .
40 06
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
2,628 75
D
a t e
o p
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
$159,265 64
Disbursements
Dues capital withdrawn . $26,768 00
“
forfeited
1,360 00
“
matured
11,316 00
Profits capital withdrawn
3,040 17
“
forfeited .
477 06
“
matured .
5,088 84
Real estate loans
77,650 00
Share loans
13,420 00
Real estate by foreclosure
4,938 04
Interest
235 82
Temporary expense
698 50
Forfeited share account .
1,717 73
Matured share account
7,004 80
Surplus .
.
.
.
2,306 56
Cash on hand Oct. 31,1907
3,244 12
I
ssu e
Series
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
per Share in Force
12 $191 03
13
179 39
14
168 12
157 25
15
146 64
16
17
136 43
18
126 52
116 92
19
20
107 60
21
98 56
22
89 83
23
81 35
24
73 15
25
65 15
57 40
26
27
49 87
42 56
28
29
35 46
30
28 58
21 90
31
32
15 41
9 11
33
34
3 00
w it h
Total Value
19
94
51
63
63
113
81
70
116
87
135
84
200
249
234
233
333
363
298
669
457
789
602
$3,629
16,862
8,574
9,906
9,238
15,416
10,248
8,184
12,481
8,574
12,127
6,833
14,630
16,222
13,431
11,619
14,172
12,871
8,516
14,651
7,042
7,187
1,806
Dues paid in advance
57
66
12
75
32
59
12
40
60
72
05
40
00
35
60
71
48
98
84
10
37
79
00
1,158 00
$245,387 52
Dues capital .
Profits capital
Unpaid dues .
$205,261 00
37,412 52
2,714 00
$245,387 52
$159,265 64
o n O ct . 31, 1907
of real estate* loans
.
184
size of same
.
. $1,259 89
rate of interest thereon
6 .2 8
of share loans .
.
29
size of same
.
.
$348 28
rate of interest thereon
6 .3 0
L oans
Sh a r e s
Number issued during year
.
. 1,596
“
withdrawn “
.
. 1,040
“
forfeited
“
21
“
matured
“
.
.
82
“
in force Oct. 31, 1907
. 5,403
“
borrowed upon Oct. 31,1907 1,490
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.66
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 3 f % ; second term, 3-|%
M e m b e r sh ip
Number added during year .
.
“
withdrawn
.
.
.
“
of members Oct. 31, 1907 .
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
135
94
705
207
498
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 6 % , $9,400; 6 .3 0 % , $222,420
Share: 6 .3 0 % , $10,100
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .5 5
Percentage of increase in assets dur
ing year
.
.
.
9 .7 7
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
for
of
Y
Salaries
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
$634 50
.
.2515
E x a m in a t io n , Ja n u a r y 29
ear
Other Expenses
Total
$64 00
.0254
$698 50
.2769
31
BANK COMMISSIONER
No. 8]
CITIZENS’ CO-OPERATIVE BANK, HAVERHILL
President, G e o r g e H . C
Security Committee: J o
Secretary and Treasurer,
a r l e t o n
M.
s h u a
S
,
t o v e r
P
Incorporated Aug. 22, 1887
h
C .
i l i p
S
w
e t t
,
G
J
a m
e s
e o r g e
W.
M. G
G
o o d w
o o d w
i n
i n
Began business Sept. 12, 1887
Regular meetings the second Monday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Unpaid fines
Temporary expense account .
Cash in hands of treasurer
S
h
e e t
,
O
c t o b e r
31, 1907
Liabilities
. $245,368 00
Dues capital .
.
41,042 65
Profits capital
1,550 00
Guaranty fund
4,378 92
Surplus .
874 70
Interest
83 79
Withdrawal profits .
8 23
Forfeiture profits
319 05
Forfeited share account
6,988 36
Matured share account
. $285,676 56
.
14,011 00
56 40
218 32
651 42
$300,613 70
$300,613 70
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
Receipts
$70,244 00
Dues capital .
Real estate loans repaid .
44,605 00
8,152 00
Share loans repaid .
Interest
14,699 86
235 68
Fines
.
.
.
.
412 44
Withdrawal profits .
45 83
Forfeited profits
Matured share account
6,988 36
1,228 85
Cash on hand Oct. 31,1906
$146,612 02
Disbursements
Dues capital withdrawn . $37,039 00
“
“
retired
.
6,566 00
“
“
matured
.
6,750 00
Profits capital withdrawn
4,263 51
“
“
retired
.
2,227 72
“
“
matured .
2,499 30
Real estate loans
.
.
74,400 00
Share loans .
.
.
10,108 00
Temporary expense
.
2,107 07
Cash on hand Oct. 31,1907
651 42
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e a r
e c o n c i l i a t i o n
31, 1907
$146,612 02
D
D
a t e
o f
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
u e s
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
a n d
S
o f
P
h a r e
r o f i t s
A
C
c c o u n t
Shares
Value
Series per
Share in Force
17 $195 48
184 74
18
174 30
19
164 13
20
154 17
21
144 54
22
23
135 06
24
125 90
116 98
25
26
108 38
99 99
27
91 83
28
83 83
29
76 04
30
68 44
31
32
61 00
53 73
33
34
46 61
39 66
35
32 86
36
37
26 19
38
19 68
13 31
39
40
7 08
41
1 00
Dues paid in advance
w
i t h
a p i t a l
74
125
57
82
107
19
150
52
116
98
94
121
142
189
199
223
167
179
236
390
422
520
741
731
419
Total Value
$14,465
23,092
9,935
13,458
16,496
2,746
20,259
6,546
13,569
10,621
9,399
11,111
11,903
14,371
13,619
13,603
8,972
8,343
9,359
12,815
11,052
10,233
9,862
5,175
419
52
50
10
66
19
26
00
80
68
24
06
43
86
56
56
00
91
19
76
40
18
60
71
48
00
6,622 00
$288,055 65
Dues capital .
Profits capital
Unpaid dues .
$245,368 00
41,042 65
1,645 00
$288,055 65
32
REPORT OF THE
S
h a r e s
Number issued during year
.
. 1,385
“
withdrawn “
.
.
977
“
retired
“
44
“
matured
“
.
.
45
“
in force Oct. 31, 1907
. 5,653
“
borrowed upon Oct. 31, 1907 2,045
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.22
Number
Average
“
Number
Average
“
[Pub. Doc,
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
193
size of same
.
. $1,480 20
rate of interest thereon
5 .2 5
of share loans ■.
.
66
size of same
.
.
$212 29
rate of interest thereon
5 .3 5
P r o f its
d ist r ib u t e d
First term, 2 ^ % ; second term, 2
M
Number
“
“
“
“
e m
b e r s h i p
added during year
.
withdrawn “
.
of members Oct. 31, 1907.
“ borrowers
“
“
“ non-borrowers “
“
.
.
M is c e l l a n e o u s
102
101
688
226
462
.
.
Percentage of surplus and guaranty
fund to dues and profits capital
2 .0 7
Percentage of increase in assets dur
ing year
.
.
.
.
1 1 .6 4
Proportion of profits retained on voluntary
withdrawals, 1 0 % ; 2 earliest series paid
in full
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $70,755; 6 % , $214,921.56
Share: 5 % , $4,928;-6% , $9,083
T
D ate
E
o t a l
x p e n
s e s
Amount paid for
Per cent, of total assets
of
f o r
Y
E x a m in a t io n , A u g u s t 12
e a r
Salaries
Other Expenses
Total
$1,908 32
.6348
$198 75
.0661
$2,107 07
.7009
CITY CO-OPERATIVE BANK, HOLYOKE
President, D a n i e l P r o
Security Committee:
u
l x
A
m
e d e
Secretary and Treasurer,
F .
G
i n
g r a s
Incorporated July 16, 1889
,
L .
T
r e f f l e
B
e a u
P
i e r r e
l i e u
,
V
a l
B
o n v o u l o i r
M
o q u i n
Began business July 23, 1889
Regular meetings the fourth Tuesday of each month
B
a l a n c e
Assets
Bonds and notes .
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
S
h
e e t
,
O
c t o b e r
31, 1907
00
00
00
94
79
00
11
53
Liabilities
Dues capital .
. $162,210 00
Profits capital
.
19,398 68
Guaranty fund
1,500 00
Surplus.
190 80
Interest
3,096 26
Fines
78 45
Transfer fees .
1 00
Withdrawal profits .
152 68
Security committee
13 50
$186,641 37
$186,641 37
$10,000
164,425
10,850
442
28
24
285
585
No. 8]
R e c e ip t s
BANK COMMISSIONER
and
e n d in g
/
!
)
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
,
{
i
\
l
{
*
R e c o n c il ia t io n op Sh a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
ear
Receipts
Dues capital .
$54,042 00
Real estate loans repaid .
24,000 00
Share loans repaid .
9,375 00
Interest
8,432 71
174 21
Fines
.
.
.
.
Transfer fees .
3 75
Withdrawal profits .
502 14
Security committee
46 50
Cash on hand Oct. 31, 1906
5,628 91
’
$102,205 22
Disbursements
Dues capital withdrawn . $27,944 00
“
“
matured
2,160 00
Profits capital withdrawn
3,275 28
“
“
matured .
855 00
Real estate loans
45,050 00
Share loans
11,300 00
Notes and bonds
10,000 00
Temporary expense
1,011 41
Permanent expense
24 00
Cash on hand Oct. 31, 1907
585 5 3 ‘
33
D
a t e
o p
Jan.,
July,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
I
ssu e
1896
1896
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Series
Shares
14 $193 57
182 15
16
161 22
18
151 05
19
141 22
20
21
131 65
22
122 35
23
113 32
24
104 58
25
96 06
26
87 82
27
79 81
72 01
28
29
64 38
30
57 01
31
49 81
32
42 78
33
35 91
34
29 21
22 67
35
36
16 29
10 07
37
4 00
38
w it h
Total Value
21
3
8
20
2
65
65
36
118
146
88
206
122
206
178
263
158
424
293
466
455
589
518
$4,064
546
1,289
3,021
282
8,557
7,952
4,079
12,340
14,024
7,728
16,440
8,785
13,262
10,147
13,100
6,759
15,225
8,558
10,564
7,411
5,931
2,072
97
45
76
00
44
25
75
52
44
76
16
86
22
28
78
03
24
84
53
22
95
23
00
$102,205 22
\
Dues paid in advance
273 00
$182,419 68
)
\
Dues capital .
Profits capital
Unpaid dues .
$162,210 00
19,398 68
811 00
$182,419 68
Sh a r e s
Number issued during year
.
. 1,381
“
withdrawn “
.
. 1,147
“
matured
“
.
. 1 5
“
in force Oct. 31, 1907
. 4,450
“
borrowed upon Oct. 31, 1907 1,280
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.56
L o an s o n O ct . 31, 1907
Number of real estate loans
.
135
Average size of same
.
. $1,217 96
“
rate of interest thereon
5 .0 2
Number of share loans .
.
67
Average size of same
.
.
$161 94
“
rate of interest thereon
5 .0 0
P r o f its
d ist r ibu t e d
First term, 2 £ % ; second term, 2-j%
M is ce l l a n eo u s
M e m b e r sh ip
Number added during year .
.
125
“
withdrawn “
.
. 8 9
“
of members Oct. 31, 1907.
589
“
“ borrowers
“
“ .
163
“
“ non-borrowers “
“ .
426
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , 8161,275; 6 % , $3,150
Share: 5 % , $10,850
Percentage of surplus and guaranty
fund to dues and profits capital
. 93
Percentage of increase in assets dur
ing year
.
.
.
.
17.55
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; 2 0 % on series from 4 to 6
years old; 1 5 % on series from 6 to 8 years
old; 1 0 % on series from 8 to 10 years old
and 5 % on series from 10 to 12 years old
D ate
T o tal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
fo r
of
Y
Salaries
. $803 02
.4303
E x a m in a t io n , Ju n e 28
ear
Other Expenses
$208 29
.1116
Total
$1,011 31
.5419
REPORT OF THE
34
[Pub. Doc
CLINTON CO-OPERATIVE BANK, CLINTON
s
Secretary, W a l t e r R. D a m e
Treasurer, T h o m a s S . D a v i s
Security Committee: C h a r l e s L. S t e v e n s , G e o r g e S. G i b s o n , H e n r t I. C h e n e y
President,
C
h arles
L.
Steven
Incorporated Sept. 23, 1887
Began business Oct. 20, 1887
Regular meetings the third Thursday of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
Sh
ee t
, O
. $294,202
8,150
1,835
881
300
103
7,923
31, 1907
ctober
14
00
60
22
00
92
32
Liabilities
Dues capital .
. $262,985 00
.
41,518 21
Profits capital
Guaranty fund
1,821 59
Surplus.
5,721 02
Interest
1,237 95
Fines
33 62
25
Transfer fees .
Withdrawal profits .
57 82
Forfeited share account
5 74
Security committee
15 00
$313,396 20
$313,396 20
R
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
$71,116 00
Dues capital .
45,765 79
Real estate loans repaid .
8,610 00
Share loans repaid .
3,023 00
Real estate by foreclosure
Interest
14,856 75
599 38
Fines
.
.
.
.
3 00
Transfer fees .
310 04
Withdrawal profits .
9 40
Forfeited profits
85 50
Security committee
5,772 69
Cash on hand Oct. 31, 1906
$150,151 55
Disbursements
Dues capital withdrawn . $26,784 00
“
forfeited
477 00
“
“
retired
8,007 00
“
“
matured
6,379 00
Profits capital withdrawn
2,965 81
“
forfeited .
36 18
“
“
retired
1,396 63
2,242 75
“
“
matured .
78,542 93
Real estate loans
10,475 00
Share loans
3,045 44
Real estate by foreclosure
Interest
150 27
Temporary expense
1,146 72
500 00
Surplus .
.
.
.
Security committee
79 50
Cash on hand Oct. 31,1907
7,923 32
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$150,151 55
R
e c o n c il ia t io n
D
ues
D a t e of I ssu e
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
and
Sh
of
P
are
r o f it s
A ccount
C a p it a l
Value
Shares
Series per
Share in Force
17 $196 39
185 52
18
174 99
19
164 72
20
21
154 77
22
145 07
23
135 58
24
126 41
25
117 46
108 73
26
100 26
27
92 01
28
83 98
29
30
76 16
31
68 56
32
61 10
33
53 81
34
46 68
39 70
35
32 87
36
37
26 19
19 67
38
39
13 30
40
7 08
41
1 00
Dues paid in advance
50
48
40
42
89
46
76
97
129
218
247
161
177
293
215
250
215
221
338
454
312
603
570
887
556
w it h
Total Value
$9,819
8,904
6,999
6,918
13,774
6,673
10,304
12,261
15,152
23,703
24,764
14,813
14,864
22,314
14,740
15,275
11,569
10,316
13,418
14,922
8,171
11,861
7,581
6,279
556
50
96
60
24
53
22
08
77
34
14
22
61
46
88
40
00
15
28
60
98
28
01
00
96
00
227 00
$306,187 21
Dues capital .
Profits capital
Unpaid dues .
$262,985 00
41,518 21
1,684 00
$306,187 21
No. 8]
BANK COMMISSIONER
Sh
ares
Number issued during year
.
. 1,739
“
withdrawn “
.
.
768
“
forfeited
“
.
.
34
“
retired
“
.
. 1 0 8
“
matured
“
43
“
in force Oct. 31, 1907
. 6,334
“
borrowed upon Oct. 31,1907 1,823
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.85
M
Number
Average
“
Number
Average
“
35
L o a n s o n O c t . 31, 1907
of real estate loans
.
203
size of same
.
. $1,449 27
rate of interest thereon
5 .02
of share loans .
.
38
size of same
.
.
$214 47
rate of interest thereon
5 .0 0
P
r o f it s
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
197
124
806
239
567
M
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $289,252.14; 6 % , $4,800;
6 i % , $150
Share: 5 % , $8,150
T
otal
D
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .47
Percentage of increase in assets dur
ing year
.
.
.
.
13.25
Proportion of profits retained on voluntary
withdrawals, one-half of last dividend
xpen ses
ate
of
E
Y
ear
for
Salaries
$650
.2074
Amount paid for
Per cent, of total assets
x a m in a t io n
, Ju
Other Expenses
$496 72
.1585
ne
18
Total
$1,146 72
.3659
COLUMBIAN CO-OPERATIVE BANK, CAMBRIDGEPORT
President, W i l l i a m W . D a l l i n g e r
Security Committee: J a m e s A. Dow,
H
a r ry
L. L
Secretary and Treasurer,
Ch
in c o l n
arles
, Sh
Incorporated May 6, 1892
H .
M
erm an
ontague
R.
L
, W
H
erbert
il l ia m
E.
H. D
B
yer
u rrage
,
ancaster
Began business June 6, 1892
Regular meetings the first Monday of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
eet
, O
ctober
. $250,645 94
.
14,620 00
8,404 00
1,551 20
820 73
76 32
7,150 76
31, 1907
Liabilities
Dues capital .
. $233,467 00
Profits capital
.
44,350 63
Guaranty fund
1,617 31
Surplus .
3,702 33
Interest
31 26
Withdrawal profits .
13 24
Forfeited share account
87 18
REPORT OF THE
36
R
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R
ear
e c o n c il ia t io n
D
Receipts
$56,710 00
Dues capital .
R. E. loans eliminated by
1,800 00
maturity of shares
29,095 12
Real estate loans repaid
6,075 00
Share loans repaid .
225 00
Mortgages
170 06
Real estate by foreclosure
13,290 62
Interest
15 77
Premiums
270 72
Fines
50
Transfer fees .
742 28
Withdrawal profits .
8 02
Forfeited profits
19 41
Forfeited share account
541 32
Cash on hand Oct. 31,1906
ues
D at e o p I ssu e
Dec., 1895
June, 1896
Dec., 1896
June, 1897
Dec., 1897
June, 1898
Nov., 1898
May, 1899
Nov., 1899
May, 1900
Nov., 1900
May, 1901
Nov., 1901
May, '1902
Nov., 1902
May, 1903
Nov., 1903
May, 1904
Nov., 1904
May, 1905
Nov., 1905
May, 1906
Nov., 1906
May, 1907
$108,963 82
Disbursements
Dues capital withdrawn . $23,851 00
210 00
“
“
forfeited
9,324 00
“
“
matured
2,967 27
Profits capital withdrawn
32 05
“
“
forfeited .
3,313 59
“
“
matured .
52,185 16
Real estate loans
8,750 00
Share loans
64 58
Real estate by foreclosure
287 46
Interest .
.
.
.
857 95
Temporary expense
7,150 76
Cash on hand Oct. 31,1907
[Pub. Doc
Sh
of
P
and
A ccount
C a p it a l
are
r o f it s
Value
Shares
Series per
Share in Force
8 $195 13
184 27
9
10
173 69
163 40
11
12
153 44
143 76
13
14
135 85
15
126 61
117 61
16
17
108 77
100 19
18
91 84
19
83 73
20
75 74
21
22
68 00
60 41
23
24
53 01
45 81
25
38 78
26
31 93
27
25 23
28
29
18 70
12 32
30
6 09
31
w it h
Total Value
61
78
101
102
85
135
54
97
117
101
126
124
120
163
202
134
232
242
321
366
357
484
406
475
$11,902
14,373
17,542
16,666
13,042
19,407
7,335
12,281
13,760
10,985
12,623
11,388
10,047
12,345
13,736
8,094
12,298
11,086
12,448
11,686
9,007
9,050
5,001
2,892
93
06
69
80
40
60
90
17
37
77
94
16
60
62
00
94
32
02
38
38
11
80
92
75
286 00
Dues paid in advance
$279,292 63
$108,963 82
$233,467 00
44,350 63
1,475 00
Dues capital .
Profits capital
Unpaid dues .
$279,292- 63
Sh
ares
Number issued during year
.
.
968
“
withdrawn “
.
.
709
“
forfeited
“
5
“
matured
“
.
.
63
“
in force Oct. 31, 1907
. 4,683
“
borrowed upon Oct. 31, 1907 1,598
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.06
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
104
size of same
.
. $2,410 05
rate of interest thereon
5 .0 2
of share loans .
.
48
size of same
.
.
$304 58
rate of interest thereon
5.01
P
r o f it s
d is t r ib u t e d
First term, 2-J%; second term, 2 ^ %
M
e m b e r s h ip
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“
.
99
83
581
125
456
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $245,595.94; 6 % , $1,650;
6 .3 0 % , $3,400
Share: 5 % , $14,470; 6 % , $150
T
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
D
E
otal
xpen ses
.
.
M
.
.
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.91
Percentage of increase in assets dur
ing year
.
.
.
.
11.9 5
Proportion of profits retained on voluntary
withdrawals, 2 5 %
ate
for
of
E
Y
ear
Salaries
$646 50
.
.2282
x a m in a t io n
, O
Other Expenses
$211 45
.0746
ctober
30
Total
$857 95
.3028
No. 8]
BANK COMMISSIONER
37
DANVERS CO-OPERATIVE BANK, DANVERS
President, Ja s p e r M a r s h
Secretary and Treasurer, H a r r y M. W il k in s
Security Committee: Ja s p e r M a r s h , M a r k C. P e t t in g e l l , J. E l l is N ig h t in g a l e
Incorporated Aug. 22, 1892
Began business Aug. 29, 1892
Regular meetings the last Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
premiums
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
.
$59,275
1,645
218
13
26
248
116
104
00
00
93
65
62
04
66
28
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
$61,648 18
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
D a t e o p I ssu e
1,650
6,575
1,980
983
3,061
'134
75
00
00
00
37
84
50
87
75
54 14
3,194 20
$33,328 67
Disbursements
Dues capital withdrawn .
“
“
matured
Profits capital withdrawn
“
“
matured .
Real estate loans
Share loans
00
00
82
11
00
00
37
6 50
Real estate by foreclosure
424 55
Temporary expense
208 04
Permanent expense
250 00
Guaranty fund
104 28
Cash on hand Oct. 31,1907
—
$33,328 67
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,454
7,829
554
2,588
15,250
1,225
434
00
60
00
64
12
50
08
25
10 99
$61,648 18
$15,619 00
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31,1906
$53,821
6,868
25
100
776
29
16
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Series per
Share
7 $191 81
8
181 44
9
171 27
10
161 36
11
151 69
12
142 37
13
133 32
14
124 57
15
116 03
107 67
16
17
99 67
18
91 92
84 29
19
20
76 84
21
69 50
22
62 23
23
55 15
24
48 14
41 30
25
34 63
26
27
28 06
21 61
28
29
15 26
30
9 06
31
3 00
Dues paid in advance
Dues capital .
Profits capital
Unpaid dues .
Shares
Force
in
2
5
16
38
23
6
5
14
58
16
5
18
15
57
39
58
85
37
57
64
95
154
107
281
139
w it h
Total Value
$383
907
2,740
6,131
3,488
854
666
1,743
6,729
1,722
498
1,654
1,264
4,379
2,710
3,609
4,687
1,781
2,354
2,216
2,665
3,327
1,632
2,545
417
62
20
32
68
87
22
60
98
74
72
35
56
35
88
50
34
75
18
10
32
70
94
82
86
00
76 00
$53,821 00
6,868 60
501 00
$61,190 60
REPORT OF THE
38
Sh a r e s
Number issued during year
.
.
448
“
withdrawn “
.
.
133
“
matured
“
52
“
in force Oct. 31, 1907
. 1,394
borrowed upon Oct. 31,1907
392
“
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.08
Number
Average
“
Number
Average
“
[Pub. Doc
L o a n s o n O ct . 31, 1907
of real estate loans
.
49
size of same
.
. $1,209 69
rate of interest thereon
5 .4 5
of share loans .
.
7
size of same
.
.
$235 00
rate of interest thereon
5 .4 4
P r o f its
d is t r ib u t e d
First term, 21,-%; second term, 2 %
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“
.
69 ■
37
M is c e l l a n e o u s
229
Percentage of surplus and guaranty
55
fund to dues and profits capital
. 21
Percentage of increase in assets dur
174
ing year
.
.
.
.
3 .7 8
Proportion of profits retained on voluntary
R a t e s o n L o a n s O ct . 31, 1907
withdrawals, 2 5 %
R. E .: 5 .3 0 % , $34,485; 5 ^ % , $19,700;
6 .3 0 % , $5,090
D a t e of E x a m in a t io n , S e p t e m b e r 27
Share: 5 .3 0 % , $450; 5 £ % , $1,195
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
Y
ear
Salaries
Other Expenses
Total
$300
.4866
$124 55
.2020
$424 55
.6886
DEAN CO-OPERATIVE BANK, FRANKLIN
President, E l is h a P. C h a p m a n
Secretary and Treasurer, O r e s t e s T. D oe
Security Committee: Jo seph T. H u t c h in s o n , P a l m e r A. W o o d w a r d , N e l so n E . N e w e l l
Incorporated June 15, 1889
Began business July 2, 1889
Regular meetings the first Tuesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Temporary expense account .
City and town notes
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$79,400
4,125
121
4,935
806
00
00
89
82
47
$89,389 18
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Withdrawal profits .
$69,458
14,358
881
3,047
1,602
11
29
00
47
00
89
53
65
64
$89,389 18
No. 8]
R
e c e ip t s
39
BANK COMMISSIONER
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
$40,707 70
$7,008
836
24,250
2*475
396
4,935
806
e c o n c il ia t io n
D
Receipts
Dues capital .
$16,205 00
Real estate loans repaid .
11A00 00
Share loans repaid .
1,725 00
Interest
4,825 08
Premiums
2 10
Fines
.
.
.
.
54 14
Transfer fees .
3 00
Withdrawal profits .
89 15
Town note
3,000 00
Cash on hand Oct. 31, 1906
3,704 23
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
City and town notes
Cash on hand Oct. 31, 1907
R
ear
00
16
00
00
25
82
47
$40,707 70
ues
D a t e o r I ssu e
P
A ccount
Ca p it a l
are
r o f it s
Shares
Value
Series
12 $227 62*
215 76*
13
14
204 19
15
193 02
182 20
16
171 66
17
18
161 40
151 45
19
141 81
20
132 39
21
22
123 25
114 35
23
24
105 60
25
97 10
26
88 81
27
80 74
72 85
28
29
65 14
30
57 62
50 27
31
32
43 09
33
36 12
34
29 35
22 78
35
36
16 36
37
10 10
38
4 00
1894
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Sh
of
and
w it h
Total Value
1
3
17
13
25
31
39
15
42
60
72
32
28
30
8
48
13
28
27
66
70
100
24
102
121
235
117
$227
647
3,471
2,509
4,555
5,321
6,294
2,271
5,956
7,943
8,874
3,659
2,956
2,913
710
3,875
947
1,823
1,555
3,317
3,016
3,612
704
2,323
1,979
2,373
468
Dues paid in advance
62
28
23
26
00
46
60
75
02
40
00
20
80
00
48
52
05
92
74
82
30
00
40
56
56
50
00
234 00
$84,542 47
Dues capital .
Profits capital
Unpaid dues .
$69,458 00
14,358 47
726 00
$84,542 47
* These shares were not paid at maturity owing to a dispute with the owner thereof.
have since been transferred to a personal account pending settlement.
Sh a r e s
L
Number issued during year
.
.
398
“
withdrawn “
.
.
195
“
in force Oct. 31, 1907
. 1,367
“
borrowed upon Oct. 31, 1907
513
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.99
Number
Average
“
Number
Average
“
oans
ct.
31, 1907
r o f it s
d is t r ib u t e d
First term, 2-|-%; second term, 3 %
Number added during year .
.
“
withdrawn “
.
. 3
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
37
2
152
48
104
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $1,800; 6 % , $77,600
Share: 5 % , $1,000; 6 % , $3,125
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
O
of real estate loans
.
42
size of same
.
. $1,890 48
rate of interest thereon
5 .9 8
of share loans .
.
9
size of same
.
.
$458 33
rate of interest thereon
5 .7 6
P
M e m b e r sh ip
on
They
otal
M
D
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .6 9
Percentage of increase in assets dur
ing year
.
.
.
.
16.91
Proportion of profits retained on voluntary
withdrawals, one-half last dividend
xpen ses
ate
for
of
E
Y
ear
Salaries
$350
.3915
x a m in a t io n
, O
Other Expenses
$46 25
.0517
ctober
9
Total
$396 25
.4432
REPORT OF THE
40
[Pub. Doc,
DEDHAM CO-OPERATIVE BANK, DEDHAM
President, F. F . F a v o r
Secretary, F. H . V a l e n t in e
Security Committee: J. W
ardle,
Jr., O. W . W
Incorporated Feb. 11, 1886
Treasurer, T . P. M u r r a y
it h in g t o n ,
A. C. H ib b a r d
Began business Feb. 16, 1886
Regular meetings the third Tuesday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
“
premiums
“
fines
Cash in hands of treasurer
. $157,450
3,615
1,200
247
12
37
7,920
00
00
00
00
85
64
77
Liabilities
. $142,822 00
Dues capital .
Profits capital
.
24,080 94
Guaranty fund
990 45
Surplus .
2,589 87
$170,483 26
R ec eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
ear
Receipts
$48,348 00
Dues capital .
R. E. loans eliminated by
3,400 00
maturity of shares
14,950 00
Real estate loans repaid .
360 00
Share loans repaid .
200 00
Mortgages
8,788 28
Interest
442 69
Premiums
147 06
Fines
.
.
.
.
338 27
Withdrawal profits .
5,245 71
Cash on hand Oct. 31,1906
$82,220 01
Disbursements
Dues capital withdrawn . $13,474 00
2,383 00
“
“
matured
1,357 26
Profits capital withdrawn
1,018 81
“
“
matured .
52,050 00
Real estate loans
3,135 00
Share loans
39 27
Interest
840 75
Temporary expense
1 00
Fines repaid .
15
Premium repaid
7,920 77
Cash on hand Oct. 31,1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$170,483 26
R e c o n c il ia t io n of Sh a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
D a t e o f I ssu e
May,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
22 $197 93
24
174 91
163 90
25
153 21
26
142 83
27
132 75
28
122 96
29
30
113 46
104 23
31
32
95 27
33
86 57
34
78 13
35
69 93
36
61 97
54 24
37
38
46 74
39 46
39
32 39
40
41
25 52
42
18 85
12 38
43
44
6 10
Dues paid in advance
19
10
21
5
67
73
60
65
77
127
51
161
146
135
146
211
166
374
353
443
669
949
w it h
Total Value
$3,760
1,749
3,441
766
9,569
9,690
7,377
7,374
8,025
12,099
4,415
12,578
10,209
8,365
7,919
9,862
6,550
12,113
9,008
8,350
8,282
5,788
67
10
90
05
61
75
60
90
71
29
07
93
78
95
04
14
36
86
56
55
22
90
197 00
$167,497 94
$82,220 01
Dues capital .
Profits capital
Unpaid dues .
$142,822 00
24,080 94
595 00
$167,497 94
No. 8]
BANK COMMISSIONER
S h a r es
Number issued during year
.
. 1,723
“
withdrawn “
.
.
591
“
matured
“
17
“
in force Oct. 31, 1907
. 4,328
“
borrowed upon Oct. 31, 1907 1,011
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.50
L o an s o n O ct . 31, 1907
Number of real estate loans
.
154
Average size of same
.
. $1,022 40
“
rate of interest thereon
6 .3 0
Number of share loans .
.
55
Average size of same
.
.
$65 72
“
rate of interest thereon
6.41
P r o f its
M em b e r sh ip
41
d ist r ib u t e d
First term, 3 % ; second term, 3 %
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
187
98
537
155
382
R a t e s o n L o a n s O ct . 31, 1907
R .E .: 6 .3 0 % , $157,450
Share: 6 .3 0 % , $1,900; 6 .4 0 % , $950;
6 .5 0 % , $225; 6 .6 0 % , $390; 7 .2 0 % ,
$150
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .1 5
Percentage of increase in assets dur
ing year
.
.
.
.
29.71
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
of
Y
E x a m in a t io n , F e b r u a r y 28
ear
Salaries
Other Expenses
Total
$588
.3449
$252 75
.1483
$840 75
.4932
DORCHESTER CO-OPERATIVE BANK, DORCHESTER
President (office vacant)
Secretary and Treasurer, P i n c k n e y H o l b r o o k
Security Committee: L a b a n P r a t t , J. H o m e r P ie r c e , S a m u e l G a n n e t t ,
R o b e r t D. M o s s m a n , W a l t e r S. F o x
Incorporated Aug. 21, 1890.
Began business Sept. 10, 1890
Regular meetings the second Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $257,910 00
.
11,825 00
7,075 00
327 07
135 69
5,783 44
$283,056 20
Liabilities
Dues capital .
. $235,369 00
Profits capital
.
36,875 53
Guaranty fund
4,105 64
Surplus .
5,400 00
Interest
949 94
Fines
114 92
Transfer fees .
50
Withdrawal profits .
176 28
Forfeited share account
64 39
$283,056 20
42
REPOET OF THE
R ec eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R e c o n c il ia t io n op Sh a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
ear
Receipts
Dues capital .
$63,293 00
Real estate loans eliminated by foreclosure
3,800 00
R. E. loans eliminated by
maturity of shares ' .
1,000 00
Real estate loans repaid .
34,090 00
Share loans repaid .
6,430 00
200 00
Mortgages
Real estate by foreclosure
4,697 47
Interest
13,610 74
Fines
.
.
.
.
548 17
Transfer fees .
1 25
Withdrawal profits .
579 62
Forfeited profits
23 05
Forfeited share account .
993 16
Taxes and insurance
341 65
Cash on hand Oct. 31, 1906
9,127 33
$138,735 44
Disbursements
Dues capital withdrawn . $37,673 00
“
forfeited
843 00
“
“
matured
720 00
Profits capital withdrawn
4,610 12
“
forfeited .
192 38
274 55
“
matured .
Real estate loans
71,650 00
Share loans
9,115 00
900 00
Mortgages
Real estate by foreclosure
4,444 17
Interest
7 45
Temporary expense
1,281 02
Forfeited share account .
993 16
Taxes and insurance
248 15
Cash on hand Oct. 31, 1907
5,783 44
[Pub. Doc
D a t e of I ssu e
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Value
Series
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
11 $199 97
12
188 71
13
177 94
14
167 35
15
157 03
16
147 09
17
137 45
18
128 09
19
119 03
110 18
20
21
101 58
22
93 22
23
85 06
24
77 13
25
69 39
26
61 89
27
54 60
28
47 47
29
40 56
30
33 77
31
27 13
32
20 64
14 29
33
34
8 08
35
2 00
w it h
Total Value
19
14
27
40
84
105
84
152
129
180
154
103
215
140
165
249
151
304
344
363
401
339
470
825
630
$3,799
2,641
4,804
6,694
13,190
15,444
11,545
19,469
15,354
19,832
15,643
9,601
18,287
10,798
11,449
15,410
8,244
14,430
13,952
12,258
10,879
6,996
6,716
6,666
1,260
Dues paid in advance
Suspense dues
43
94
38
00
52
45
80
68
87
40
32
66
90
20
35
61
60
88
64
51
13
96
30
00
00
550 00
9 00
$275,932 53
Dues capital .
Profits capital
Unpaid dues .
$235,369 00
36,875 53
3,688 00
$138,735 44
$275,932 53
Sh ar es
Numberissued during year
.
. 1,613
“
withdrawn “
.
. 1,135
“
forfeited
“
19
“
matured
“
5
“
in force Oct. 31, 1907
. 5,687
“
borrowed upon Oct. 31, 1907 1,544
Average number held by each mem
ber Oct. 31, 1907
.
.
. * 8 .3 9
L o a n s o n O c t . 31, 1907
Number of real estate loans
.
129
Average size of same
.
. $1,999 30
“
rate of interest thereon
5 .0 3
Number of share loans .
.
21
Average size of same
.
$563 10
“
rate of interest thereon
5 .0 2
P r o f its
d is t r ib u t e d
First term, 2-y%; second term, 2J%
M e m b e r sh ip
Number added during year
.
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $251,010; 6 % , $6,900
Share: 5 % , $11,600; 6 % , $225
D ate
of
E x a m in a t io n , M a r c h 1
145
104
678
148
530
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .4 9
Percentage of increase in assets dur
ing year
.
.
.
.
13.08
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old; 2 0 % on series 5 to 6 years old;
1 5 % on series 6 to 7 years old; 1 0 % on
series 7 to 8 years old; 5 % on series 8 to 9
years old; after 9 years, nothing
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
for
Y
ear
Salaries
Other Expenses
Total
$1,000
.3533
$281 02
.0993
$1,281 02
.4526
No. 8]
BANK COMMISSIONER
43
ECONOMY CO-OPERATIVE BANK, MERRIMAC
President, G e o r g e G. L a r k in
Secretary and Treasurer, B a il e y S a r g e n t
Security Committee: R o b e r t O. P a t t e n , F red S. H a r d w ic k , Z enits L o v e l l
Incorporated July 26, 1889
Began business Aug. 12, 1889
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Asseis
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer
.
825,800
700
4,393
577
31
36
62
661
00
00
03
65
00
96
01
93
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
$32,262 58
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31, 1906
ear
00
00
00
75
37
40
90
75
55 99
2,461 00
$14,138 16
Disbursements
Dues capital withdrawn .
“
retired
Profits capital withdrawn
“
retired
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,485
3.964
559
1,325
2,750
700
442
249
661
00
00
99
16
00
00
22
86
93
00
92
76
42
89
75
76
75
29 33
$32,262 58
R e c o n c il ia t io n o f S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
D a t e of I ssu e
$6,274
2,550
300
813
1,537
80
64
$24,998
4,245
703
1,927
325
17
13
Feb.,
Aug.,
Feb.,
Aug.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
1896
1896
1897
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Series
Value
14 $187 31
15
176 91
16
166 78
17
156 90
19
137 86
20
128 70
21
119 78
22
111 04
23
102 54
24
94 25
25
86 17
26
78 27
27
70 57
28
63 07
29
55 74
30
48 59
41 62
31
32
34 81
33
28 16
34
21 66
35
15 30
36
9 08
37
3 00
Shares
7
20
9
7
5
12
16
8
15
20
19
14
25
10
30
59
9
36
34
37
33
52
63
w it h
Total Value
$1,311
3,538
1,501
1,098
689
1,544
1,916
888
1,538
1,885
1,637
1,095
1,764
630
1,672
2,866
374
1,253
957
801
504
472
189
17
20
02
30
30
40
48
32
10
00
23
78
25
70
20
81
58
16
44
42
90
16
00
$14,138 16
Dues paid in advance
15 00
$30,144 92
Dues capital .
Profits capital
Unpaid dues .
$24,998 00
4,245 92
901 00
$30,144 92
44
REPORT OF THE
Sh a r e s
L
Number issued during year
“
withdrawn “
^
rpf.i rpH
.
.
.
.
^
121
77
O
Q
“
in force Oct. 31, 1907
540
“
borrowed upon Oct. 31,1907
151
Average number held by each mem
ber Oct. 31, 1907
.
.
.4.82
Number
Average
“
Number
' Average
“
[Pub. Doc.
oans
on
P r o f it s
on
ct
. 31, 1907
38
$678 95
6 .0 0
3
$233 33
6 .0 0
d is t r ib u t e d
First term, 2 J % ; second term, 2 J %
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R ates
O
of real estate loans
.
size of same
.
.
rate of interest thereon
of share loans .
.
size of same
.
.
rate of interest thereon
15
15
112
41
71
L o a n s O ct . 31, 1907
R. E .: 6 % , $25,800
Share: 6 % , $700
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
9 .0 0
Percentage of decrease in assets dur
ing year
.
.
.
.
4 .4 5
Proportion of profits retained on voluntary
withdrawals, 1 0 %
D ate
T o tal E xp e n se s
for
E x a m in a t io n , Ja n u a r y 15
of
Y
ear
Salaries
Amount paid for
Per cent, of total assets
$200
.6199
Other Expenses
Total
$49 86
.1530
$249 86
.7729
ENTERPRISE CO-OPERATIVE BANK, EAST BOSTON
President, Ch a r l e s T. W it t
Secretary and Treasurer, H o r ac e B. B u t l e r
Security Committee: W il l ia m G. E m e r y , Ch a r l e s T. W i t t , H o r a c e B. B u t l e r
Incorporated March 31, 1888
Began business April 3, 1888
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Asseis
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid fines
Permanent expense account .
Personal accounts
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $515,320 00
.
37,925 00
.
14,322 63
1,151 09
122 61
309 81
5,044 27
.
16,695 90
$590,891 31
Liabilities
Dues capital .
. $478,837 00
Profits capital
.
95,156 36
Guaranty fund
7,700 00
Surplus.
7,902 37
Interest
702 67
Transfer fees .
1 00
Withdrawal profits .
50 52
Forfeited share account
329 18
Retired share account
198 02
Security committee
14 19
$590,891 31
No. 8]
R e c eip t s
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
45
R e c o n c il ia t io n op S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
D a t e o p I ssu e
Series
Value
Shares
w it h
Total Value
$107,847 00
Real estate loans elimmated by foreclosure .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Mortgages
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Retired share account
Matured share account
Personal accounts .
Surplus .
.
.
.
Security committee
Cash on hand Oct. 31, 1906
2,000 00
2,600
75,025
18,225
263
8,529
28,679
938
6
1,408
1
464
24,734
18,237
2,321
191
25
18,242
00
00
00
75
44
89
12
50
67
25
30
58
58
88
60
00
69
$309,742 25
—
Disbursements
Dues capital withdrawn . $38,486 00
415 00
“
“
forfeited
18,011 00
“
“
retired
13,198 00
“
“
matured
5,749 71
Profits capital withdrawn
1 25
“
“
forfeited .
6,336 60
“
“
retired
5,039 58
“
“
matured .
124,045 00
Real estate loans
23,400 00
Share loans
5,700 00
Mortgages
2,355 78
Real estate by foreclosure
386 98
Interest
2,815 89
Temporary expense
439 30
Forfeited share account .
24,536 56
Retired share account
19,442 86
Matured share account
2,381 19
Personal accounts .
284 42
Furniture and fixtures
21 23
Security committee
16,695 90
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$309,742 25
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
16 $199 89
188 72
17
18
177 86
167 31
19
20
157 08
21
147 13
22
137 50
23
128 12
24
119 03
25
110 19
101 52
26
27
93 13
84 96
28
29
76 96
30
69 17
31
61 58
32
54 16
33
46 93
34
39 87
32 99
35
36
26 27
37
19 72
38
13 33
39
7 09
40
1 00
Dues paid in advance
84
87
166
291
208
261
239
284
196
321
196
333
195
346
324
400
369
485
390
606
566
733
777
1,000
399
$16,790
16,418
29,524
48,687
32,672
38,400
32,862
36,386
23,329
35,370
19,897
31,012
16,567
26,628
22,411
24,632
19,985
22,761
15,549
19,991
14,868
14,454
10,357
7,090
399
76
64
76
21
64
93
50
08
88
99
92
29
20
16
08
00
04
05
30
94
82
76
41
00
00
398 00
$577,448 36
Dues capital .
Profits capital
Unpaid dues .
$478,837 00
95,156 36
3,455 00
$577,448 36
[Pub. Doc.
REPORT OF THE
46
S
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
238
size of same
.
. $2,165 21
rate of interest thereon
5 .0 4
of share loans .
.
113
size of same
.
.
$335 62
rate of interest thereon
5 .0 8
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,922
“
withdrawn “
.
.
970
“
forfeited
“
25
“
retired
“
.
.
126
“
matured
“
91
“
in force Oct. 31, 1907
. 9,256
“
borrowed upon Oct. 31, 1907 3,476
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.45
P
r o f i t s
d i s t r i b u
t e d
First term, 2-|% ; second term, 2Jf%
M
e m
b e r s h i p
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31,1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
174
120
979
310
669
M
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % ,
$494,670;
5£% ,
$ 7,100;
6 .3 0 % , $13,550
Share: 5 % , $35,050; 6 % , $2,675; 6 .3 0 % ,
$200
T
E
o t a l
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .7 2
Percentage of increase in assets dur
ing year
.
.
.
.
8 .71
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
x p e n
Amount paid for
Per cent, of total assets
s e s
a t e
o f
E
Y
e a r
f o r
x a m
i n
a t i o
,
n
Salaries
Other Expenses
$1,794 50
. 3037
$1,021 39
.1729
O
2 8
c t o b e r
Total
$2,815 89
.4766
EQUITABLE CO-OPERATIVE BANK, LYN N
President,
A
l b i o n
B
Secretary and Treasurer,
a r t l e t t
Security Committee:
T
h o m
a s
E .
W
a r d
,
Incorporated Oct. 2, 1877
W
i l l i a m
R.
C
l a r k
,
C
h
E
d w
a u n c y
C .
i n
L .
L
L
e w
i s
o n g
Began business Oct. 8, 1877
Regular meetings the first Wednesday of each month
B
a l a n
Assets
Bonds and notes
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
c e
S
h
e e t
,
O
c t o b e r
31, 1907
00
99
00
00
34
70
43
19
Liabilities
Dues capital .
. $983,336 00
Profits capital
. 123,233 41
Guaranty fund
4,826 00
Surplus.
.
15,901 43
Interest
5,885 93
Fines
192 26
Forfeited share account
751 62
Personal account
1 00
$1,134,127 65
$1,134,127 65
.
$20,000
1,057,419
.
47,947
2,500
1,823
735
439
3,262
R
e c e i p t s
47
BANK COMMISSIONER
No. 8]
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a b
e c o n c i l i a t i o n
D
Receipts
$390,421 00
Dues capital .
Real estate loans repaid . 122,922 97
76,508 00
Share loans repaid .
54,881 72
Interest
1,415 88
Fines
.
698 37
Forfeited share account .
9 00
Personal accounts .
12,178 80
Cash on hand Oct. 31,1906
$659,035 74
Disbursements
Dues capital withdrawn . $169,437
17,747
“
“
matured
19,236
Profits capital withdrawn
6,375
“
“
matured .
342,529
Real estate loans
76,252
Share loans
20,000
Notes and bonds
306
Interest
. . .
3,890
Temporary expense
3,262
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
31, 1907
00
00
19
49
69
00
00
13
05
19
$659,035 74
D a t e of I ssu e
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
u e s
a n d
o f
P
a r e
A
r o f i t s
S
C
h
Value
Series per Share
36 $197 69
186 96
37
176 49
38
166 28
39
156 32
40
146 60
41
42
137 12
127 87
43
44
118 84
110 03
45
101 44
46
93 06
47
84 88
48
76 90
49
69 12
50
51
61 53
54 12
52
53
46 89
39 84
54
32 96
55
56
26 25
57
19 70
13 31
58
7 08
59
1 00
60
Dues paid in advance
c c o u n t
w
i t h
a p i t a l
Shares
Force
in
66
91
32
87
235
155
297
270
386
412
662
474
654
356
362
477
688
1,761
2,364
2,504
3,530
3,801
5,081
6,356
6,287
Total Value
$13,047
17,013
5,647
14,466
36,735
22,723
40,724
34,524
45,872
45,332
67,153
44,110
55,511
27,376
25,021
29,349
37,234
82,573
94,181
82,531
92,662
74,879
67,628
45,000
6,287
54
36
68
36
20
00
64
90
24
36
28
44
52
40
44
81
56
29
76
84
50
70
11
48
00
3,292 00
$1,110,881 41
Dues capital .
Profits capital
Unpaid dues .
$983,336 00
123,233 41
4,312 00
$1,110,881 41
REPORT OF THE
48
S
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
15,169
“
withdrawn
“
.
. 7,349
“
forfeited
“
.
.
81
“
matured
“
.
.
121
“
in force Oct. 31, 1907
37,388
“
borrowed upon Oct. 31, 1907 8,152
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.47
M
e m
b e r s h
P
o n
L
O
o a n s
c t
E
o t a l
d i s t r i b u
t e d
M
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.87
Percentage of increase in assets dur
ing year
.
.
.
.
25.4 3
Proportion of profits retained on voluntary
withdrawals, none
.
T
r o f i t s
First term, 2 1 % ; second term, 2 1 %
31, 1907
R. E .: 5 % , $526,648; 5 * % , $2,300; 5 1 % ,
$216,053.47; 5%%, $160,153.52; 5 f % ,
$74,745; 6 % , $64,650; 6 |% , $12,670;
6 .7 8 % , $200
Share: 5 % , $10,968; 5 1 % , $8,467; 5 1 % ,
$6,887; 5 f % , $4,620; 6 % , $8,784; 6 1 % ,
$3,513; 6 1 % , $4,708
a t e s
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
668
size of same
.
. $1,582 96
rate of interest thereon
5 .2 6
of share loans .
.
255
size of same
.
. $188 02
rate of interest thereon
5 .61
i p
. 1,603
Number added during year
788
“ withdrawn
“
“
of members Oct. 31, 1907 . 4,416
906
“
“ borrowers
“
“
“
“ non-borrowers “
“ . 3,510
R
[Pub. Doc
D
x p e n
s e s
a t e
E
o f
f o r
Y
i n
a t i o
n
,
J
u
12, 13
n e
e a r
Salaries
$2,767 77
.2440
Amount paid for
Per cent, of total assets
x a m
Other Expenses
Total
$1,122 28
.0990
$3,890 05
.3430
EQUITY CO-OPERATIVE BANK, WORCESTER
President,
C
h
a s
.
L .
G
Secretary and Treasurer,
a t e s
Security Committee:
D
a n
i e l
Incorporated Feb. 9, 1887
P
a r l i n
,
E .
J .
B
a r d
G
-^
e o r g e
O .
B
r i d g e s
e l l
Began business March 17, 1887
Regular meetings the Thursday next preceding the third Monday of each month
B
Assets
Loans on real estate
“
“ shares .
Temporary expense account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a l a n c e
S
h
e e t
,
O
c t o b e r
. $601,650 00
.
15,205 00
300 35
8,112 37
$625,267 72
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus.
Interest
Fines,
Transfer fees .
Forfeited share account
Security committee
$513,841
98,995
3,750
4,767
3,651
165
5
70
22
00
32
00
17
00
24
00
49
50
$625,267 72
BANK COMMISSIONER
No. 8]
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
R
e a r
31, 1907
Receipts
Dues capital .
$131,129 00
Real estate loans eliminated by foreclosure
1,800 00
R. E. loans eliminated by
4,200 00
maturity of shares
93,900 00
Real estate loans repaid .
10,550 00
Share loans repaid .
5,900 00
Uncompleted mtge. loans
9,087 23
Real estate by foreclosure
36,340 32
1^003 96
Fines
.
.
.
.
Transfer fees .
25 00
825 39
Withdrawal profits .
5 40
Forfeited profits
351 75
Temporary expense
Forfeited share account .
187 29
635 04
Profit and loss account
9 70
332 45
22 50
Security committee
Cash on hand Oct. 31,1906
37,331 68
$333,636 71
D
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$333,636 71
u e s
D a t e o f I ssu e
Sept., 1896
Mar., 1897
Sept., 1897
Mar., 1898
Sept., 1898
Mar., 1899
Sept., 1899
Mar., 1900
Sept., 1900
Mar., 1901
Sept., 1901
Mar., 1902
Sept., 1902
Mar., 1903
Sept., 1903
Mar., 1904
Sept., 1904
Mar., 1905
Sept., 1905
Mar., 1906
Sept., 1906
Mar., 1907
Sept., 1907
Disbursements
Dues capital withdrawn . $50,894 00
252 00
“
“
forfeited
55,317 00
“
“
retired
2,914 00
“
“
matured
9,224 17
Profits capital withdrawn
32 31
“
“
forfeited .
16,994
87
“
“
retired
1,300 12
“
“
matured .
163,300 00
Real estate loans
13,630 00
Share loans .
.
.
5,900 00
Uncompleted mtge. loans
2,250 74
Real estate by foreclosure
785 61
Interest
1,944 31
Temporary expense
242 39
Forfeited share account .
170 32
Profit and loss account
290 13
Suspense account
82 37
Rent account .
8,112 37
Cash on hand Oct. 31, 1907
-
e c o n c i l i a t i o n
a n d
49
o f
P
S
h
a r e
r o f i t s
A
C
c c o u n t
Value
Shares
Series per
Share in Force
20 $189 95
21
178 40
22
167 20
23
156 32
24
145 81
135 60
25
125 69
26
27
116 08
106 74
28
97 74
29
88 95
30
31
80 45
32
72 19
64 17
33
34
56 39
35
48 86
41 55
36
34 44
37
27 54
38
20 87
39
14 39
40
41
8 10
42
2 00
w
i t h
a p i t a l
60
39
3
65
110
287
436
513
416
553
447
586
391
607
555
658
444
713
521
865
1,009
1,136
1,252
Total Value
$11,397
6,957
501
10,160
16,039
38,917
54,800
59,549
44,403
54,050
• 39,760
47,143
28,226
38,951
31,296
32,149
18,448
24,555
14,348
18,052
14,519
9,201
2,504
Dues paid in advance
00
60
60
80
10
20
84
04
84
22
65
70
29
19
45
88
20
72
34
55
51
60
00
369 00
$616,304 32
$513,841 00
98,995 32
3,468 00
Dues capital .
Profits capital
Unpaid dues .
$616,304 32
I
■
50
REPORT OF THE
S
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
264
size of same
.. . $2,278 98
rate of interest thereon
6.01
of share loans .
.
83
size of same
.
.
$183 19
rate of interest thereon
6 .0 2
h a r e s
Number issued during year
.
. 2,559
“
withdrawn
“
.
. 1,172
“
forfeited
“
9
“
retired
“
.
.
523
“
matured
“
21
“
in force Oct. 31,1907
11,666
“
borrowed upon Oct. 31, 1907 3,601
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.52
[Pub. Doc
Number
Average
“
Number
Average
“
P
r o f i t s
d i s t r i b u
t e d
First term, 3 f % ; second term, 3 %
M
e m
b e r s h
i p
Number added during year .
.
285
“
withdrawn
“
.
.
139
“
of members Oct.31, 1907. 1,225
“
“ borrowers
“
“ .
312
“
“ non-borrowers “
“ .
913
M
R a t e s
q n
L o a n s
O c t . 31, 1907
R. E .: 6 % , $578,500; 6 £ % , $9,600; 6\% ,
$200; 6 i % , $3,000; 6 f % , $1,500; 6 f % ,
$8,850
Share: 6 % , $14,855; 6J % , $200; 6 f % $50;
7 f % , $100
T
E
o t a l
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.39
Percentage of increase in assets dur
ing year
.
.
.
.
5 .0 9
Proportion of profits retained on voluntary
withdrawals, one half of last dividend
D
x p e n
s e s
a t e
o f
Y
f o r
x a m
i n
a t i o
n
,
M
a y
27
e a r
Salaries
$1,312 56
. 2099
Amount paid for
Per cent, of total assets
E
Other Expenses
Total
$631 75
.1010
$1,944 31
.3109
EVERETT CO-OPERATIVE BANK, EVERETT
President,
C
h
a r l e s
F .
Security Committee:
C
W
h
a s h
a s
.
b u
F .
Secretary and Treasurer,
r n
W
a s h
b u
r n
Incorporated Sept. 24, 1890
,
A .
H .
W
h
i t t i e r
,
W
C .
a l t e r
E .
E .
J
C
e n n i n g s
o b u r n
Began business Oct. 14, 1890
Regular meetings the third Monday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Unpaid interest . ■
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
. $102,225
5,199
398
52
33
3,102
O
c t o b e r
00
00
95
42
33
77
$111,011 47
31, 1907
Liabilities
Dues capital .
.
Profits capital
.
Guaranty fund
Surplus.
Transfer fees .
Withdrawal profits .
$91,330
15,920
1,487
2,252
00
96
52
69
25
20 05
$111,011 47
R
e c e i p t s
e n
51
BANK COMMISSIONER
No. 8]
a n d
d i n
g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
R
e c o n c i l i a t i o n
31, 1907
Receipts
$25,048 00
Dues capital .
15,250 00
Real estate loans repaid
1,865 00
Share loans repaid .
2,490 05
Real estate by foreclosure
5,661 00
Interest
18
Premiums
192 26
Fines
1 00
Transfer fees .
191 86
Withdrawal profits .
307 19
Cash on hand Oct. 31, 1906
$51,006 54
Disbursements
Dues capital withdrawn . $15,496 00
“
“
retired
.
1,440 00
Profits capital withdrawn
1,966 06
“
“
retired
.
544 20
Real estate loans
.
.
23,200 00
Share loans .
.
.
3,203 00
Real estáte by foreclosure
871 21
Temporary expense
.
489 42
Forfeited share account .
9 68
Retired share account
.
684 20
Cash on hand Oct. 31, 1907
3,102 77
$51,006 54
D
u e s
D a t e of I ssu e
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
a n d
o f
P
S
h
a r e
r o f i t s
A
C
c c o u n t
Value
Shares
Series per Share in Force
10 $210 01*
11
198 59
12
187 46
13
176 72
14
166 28
156 16
15
146 37
16
17
136 88
127 64
18
118 63
19
20
109 86
21
101 29
92 92
22
84 77
23
24
76 84
69 09
25
61 52
26
54 14
27
46 93
28
29
39 89
33 01
30
26 29
31
32
19 73
13 33
33
34
7 09
1 00
35
Dues paid in advance
w
i t h
a p i t a l
3
31
5
15
17
28
19
77
53
53
26
21
25
75
101
121
75
57
96
131
99
253
198
170
238
70
Total Value
$630
6,156
937
2,650
2,826
4,372
2,781
10,539
6,764
6,287
2,856
2,127
2,323
6,357
7,760
8,359
4,614
3,085
4,505
5,225
3,267
6,651
3,906
2,266
1,687
70
03
29
30
80
76
48
03
76
92
39
36
09
00
75
84
89
00
98
28
59
99
37
54
10
42
00
32 00
$109,043 96
Dues capital .
Profits capital
Unpaid dues .
$91,330 00
15,920 96
1,793 00
$109,043 96
* Dues were collected and profits credited on these shares after they had reached m atu rity .
T h e y have since been paid.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
52
REPORT OE THE
S
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
58
size of same
.
.$1,762 50
rate of interest thereon
5 .0 0
of share loans
.
.
40
size of same
.
. $129 98
rate of interest thereon
5 .0 0
h a r e s
Number issued during year
.
.
428
“
withdrawn “
.
.
328
“
in force Oct. 31, 1907
. 2,057
“
borrowed upon Oct. 31, 1907
734
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.76
[Pub. Doc.
Number
Average
“
Number
Average
“
P
r o f i t s
d i s t r i b u
t e d
First term, 2\ % ; second term, 2Jj%
M
e m
b e r s h i p
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
R
a t e s
o n
L
O
o a n s
c t
.
.
45
29
265
79
186
.
.
M
31, 1907
.
R. E .: 5 % , $102,225
Share: 5 % , $5,199
D
T
E
o t a l
x p e n
a t e
s e s
E
o f
f o r
Y
.
.
.
.
.
e o u s
x a m
a t i o
n
,
J
a n
u
Other Expenses
$399 96
.
3603
.
i n
a r y
2 8
e a r
Salaries
Amount paid for
.
Per cent, of total assets
i s c e l l a n
Percentage of surplus and guaranty
fund to dues and profits capital
3 .4 9
Percentage of increase in assets dur
ing year
.
.
.
.
10.83
Proportion of profits retained on voluntary
withdrawals, 1 5 % on series less than 5
years o ld ; 1 0 % on series from 5 to 8
years old ; after 8 years, none
Total
$89 46
.0806
$489 42
.4409
PALL RIVER CO-OPERATIVE BANK, PALL RIVER
President,
E
r i c
W
.
B
Secretary,
o r d e n
Treasurer,
Security Committee:
B
R
D.
r a d f o r d
N.
o d o l p h u s
D
Incorporated Dec. 1, 1888
a v o l
,
I
A
r a m
F
r a n
E .
k
W
e s t g a t e
l l e n
N.
S
m
i t h
,
H
e n
r y
L
o r d
Began business Dec. 12, 1888
Regular meetings the second Wednesday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account .
Cash in hands of secretary
“
“ treasurer
Cash items
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
O
c t o b e r
31, 1907
00
00
00
47
73
22
07
00
Liabilities
Dues capital .
. $387,169 00
Profits capital
.
60,350 74
Guaranty fund
4,412 48
Surplus .
.
14,513 22
Interest
4,579 18
Fines
154 94
Forfeited share account
10 00
Personal accounts .
938 93
Profit and loss account
8 00
$472,136 49
$472,136 49
. $446,800
8,850
11,700
66
135
85
2,296
2,203
No. 8]
R
e c e i p t s
e n
BANK COMMISSIONER
a n d
d i n
g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
R
e c o n
31, 1907
c i l i a t i o n
D
Receipts
u e s
D a t e o p I ssu e
$126,094
86'850
Real estate loans repaid .
11,750
Share loans repaid .
2,175
Mortgages
3,904
Real estate by foreclosure
25,623
Interest
635
Fines
.
.
.
.
Forfeited share account .
522
6,397
Personal accounts .
Profit and loss
10
Profits capital
632
Cash on hand Oct. 31, 1906
00
00
00
00
41
13
49
76
17
84
27
52
$264,595 59
Disbursements
Dues capital withdrawn . $61,956 00
“
“
forfeited
462 00
“
“
retired
24,978 00
Profits capital withdrawn
8,203 03
“
“
forfeited .
71 68
“
“
retired
8,576 88
129,900 00
Real estate loans
16,250 00
Share loans
'654 07
Real estate by foreclosure
524 34
Interest
Temporary expense
1,469 89
Forfeited share account .
1,138 07
5,827 34
Personal accounts .
4,584 29
Cash on hand Oct. 31, 1907
Mar., 1896
Sept., 1896
Mar., 1897
Sept., 1897
Mar., 1898
Sept., 1898
Mar., 1899
Sept., 1899
Mar., 1900
Sept., 1900
Mar., 1901
Sept., 1901
Mar., 1902
Sept., 1902
Mar., 1903
Sept., 1903
Mar., 1904
Sept., 1904
Mar., 1905
Sept., 1905
Mar., 1906
Sept., 1906
Mar., 1907
Sept., 1907
53
a r e
A
r o f i t s
S
C
o f
P
a n d
h
c c o u n t
Value
Shares
Series per
Share in Force
16 $189 02
17
178 31
18
167 88
19
157 70
20
147 83
21
138 22
22
128 91
23
119 85
24
111 02
25
102 43
94 05
26
27
85 87
28
77 90
29
70 12
30
62 53
31
55 12
32
47 89
33
40 84
34
33 96
35
27 25
36
20 70
14 31
37
38
8 08
2 00
39
w
i t h
a p i t a l
Total Value
119
79
199
75
114
63
208
118
125
256
154
276
254
185
457
353
496
372
555
728
1,148
1,470
2,030
1,866
$22,493
14,086
33,408
11,827
16,852
8,707
26,813
14,142
13,877
26,222
14,483
23,700
19,786
12,972
28,576
19,457
23,753
15,192
18,847
19,838
23,763
21,035
16,402
3,732
Dues paid in advance
38
49
12
50
62
86
28
30
50
08
70
12
60
20
21
36
44
48
80
00
60
70
40
00
147 00
$450,119 74
$264,595 59
Dues capital .
Profits capital
Unpaid dues .
$387,169 00
60,350 74
2,600 00
$450,119 74
S
h a r e s
Number issued during year
.
. 4,301
“
withdrawn
“
.
. 1,939
“
forfeited
“
.
.
14
“
retired
“
.
. 1 7 6
“
in force Oct. 31, 1907
11,700
“
borrowed upon Oct. 31, 1907 2,801
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.44
Number
Average
“
Number
Average
“
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
290
size of same
.
. $1,540 69
rate of interest thereon
5 .5 0
of share loans .
.
30
size of same
.
.
$295 00
rate of interest thereon
5 .5 5
P
r o f i t s
d i s t r i b u
t e d
First term, 2%% ; second term, 2\ %
M
e m
b e r s h i p
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31,1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
385
174
1,273
312
961
R a t e s
o n
L o a n s
O c t . 31, 1907.
R. E .: 5 i% , $442,550; 6 % , $4,250
Share: 5 £ % , $7,950; 6 % , $900
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o t a l
E
M
D
x p e n
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .2 3
Percentage of increase in assets dur
ing year
.
.
.
.
10.82
Proportion of profits on voluntary
withdrawals, none
s e s
a t e
f o r
o f
E
Y
e a r
Salaries
$853 16
.1807
x a m
i n
a t i o
n
,
J
u
l y
3
Other Expenses
Total
$616 73
$1,469 89
.3113
.1306
[Pub. Doc
REPORT OF THE
54
FEDERAL CO-OPERATIVE BANK, BOSTON
President,
D
L.
a v i d
Security Committee:
F
W
h
r a n
Secretary and Treasurer,
i t e
G.
c i s
W
a s h
W
m
b u
.
,
r n
E .
Incorporated Jan. 29, 1890
C
F
r a n
k
H.
M
a i n
e
,
E
W
.
m
d w
W
a r d
a e d
F.
w
G
e l l
a l v i n
,
h o a t e
Began business Feb. 6, 1890
Regular meetings the first Thursday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Permanent expense account .
Cash in hands of treasurer .
S
h
e e t
,
$100,524
2,256
5,900
3,560
421
286
2,083
O
c t o b e r
00
00
00
44
87
53
39
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Forfeited share account
e c e i p t s
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
Receipts
$37,836 00
Dues capital .
18,029 00
Real estate loans repaid .
2,399 00
Share loans repaid .
100 00
Mortgages
211 55
Real estate by foreclosure
5,102
75
Interest
181 95
Fines
.
.
.
.
250 06
Withdrawal profits .
240 83
Forfeited share account .
107 41
Income from real estate .
1,537 46
Cash on hand Oct. 31,1906
$65,996 01
Disbursements
Dues capital withdrawn . $23,167 00
“
“
forfeited
.
186 00
“
“
matured
.
2,590 00
Profits capital withdrawn
1,929 34
“
“
forfeited .
6 44
“
“
matured .
914 02
Real estate loans
.
.
29,800 00
Share loans .
.
.
2,865 00
Real estate by foreclosure
95 11
Interest
.
.
.
25 86
Temporary expense
.
771 06
Permanent expense
.
175 00
Forfeited share account .
141 84
Matured share account
.
1,034 40
Rent account
.
.
211 55
Cash on hand Oct. 31, 1907
2,083 39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
e c o n c i l i a t i o n
31, 1907
D
D a t e o f I ssu e
May,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
Feb.,
May,
Nov.,
May,
Nov.,
May,
00
13
00
11
99
$115,032 23
$115,032 23
R
$102,115
11,627
900
189
200
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1905
1906
1906
1907
u e s
a n d
o p
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Shares
Value
Series per Share in Force
12 $200 99
14
180 15
15
169 85
160 08
16
150 55
17
141 36
18
132 31
19
123 52
20
114 85
21
22
106 42
98 15
23
90 10
24
82 25
25
74 56
26
67 01
27
59 62
28
52 51
29
45 38
30
38 49
31
32
35 09
31 74
33
25 12
34
18 64
35
12 28
36
37
6 07
Dues paid in advance
w
i t h
a p i t a l
15
26
3
5
5
34
41
4
44
35
15
17
44
63
60
60
99
193
247
489
190
371
210
339
503
Total Value
$3,014
4,683
509
800
752
4,806
5,424
494
5,053
3,724
1,472
1,531
3,619
4,697
4,020
3,577
5,198
8,758
9,507
17,159
6,030
9,319
3,914
4,162
3,053
85
90
55
40
75
24
71
08
4U
70
25
70
00
28
60
20
49
34
03
01
60
52
40
92
21
63 00
$115,349 13
$65,996 01
Dues capital .
Profits capital
Unpaid dues .
Suspense dues
•
$102,115
11,627
1,581
26
00
13
00
00
$115,349 13
55
BANK COMMISSIONER
No. 8]
Sh a r e s
Number issued during year
.
. 1,041
“
withdrawn “
.
.
938
“
forfeited
“
22
“
matured
“
17
“
in force Oct. 31, 1907
. 3,112
“
borrowed upon Oct. 31, 1907
660
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.89
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
58
size of same
.
. $1,733 17
rate of interest thereon
5 .0 7
of share loans .
.
28
size of same
.
.
$80 57
rate of interest thereon
5.81
P r o f it s
d is t r ib u t e d
First term, 2\%-, second term, 2 ^ %
M is c e l l a n e o u s
M e m b e r s h ip
Number added during year .
.
131
“
withdrawn “
.
. 1 5 5
“
of members Oct. 31, 1907.
451
“
“ borrowers
“
“ .
80
“
“ non-borrowers “
“ .
371
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $91,124; 5 * % , $3,500; 5 * % ,
$2,800; 6 ^ % , $3,100
Share: 5 % , $400; 6 % , $1,856
Percentage of surplus and guaranty
fund to dues and profits capital
.9 6
Percentage of increase in assets dur
ing year
.
.
.
.
12.31
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; 2 0 % on series from 4 to 5
years old; 1 5 % on series from 5 to 6
years old; 1 0 % on series from 6 to 7
years old; 5 % on series from 7 to 8 years
old; after 8 years, none
D ate
T o ta l E x p e n s e s
for
E x a m i n a t i o n , D e c e m b e r 21
of
Y
ear
Salaries
$200
.1734
Amount paid for
Pèr cent, of total assets
Other Expenses
$571 06
.4966
Total
$771 06
.6700
FID ELITY CO-OPERATIVE BANK, FITCHBURG
President, H e n r y G. M o r se
Secretary and Treasurer, W . G. H a y e s
Security Committee: H . G. M o r s e , A. W
Incorporated April 25, 1888
e l l in g t o n ,
H . M. F r a n c e s
Began business May 8, 1888
Regular meetings the second Tuesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$1,047,655
.
90,693
7,537
565
303
1,422
00
00
97
79
67
51
$1,148,177 94
Liabilities
Dues capital .
. $874,589 00
. 177,878 72
Profits capital
Guaranty fund
5,060 00
1,940 00
Surplus .
1,041 91
Interest
450 78
Fines
Transfer fees .
4 00
339 11
Withdrawal profits .
15 12
Forfeiture profits
Forfeited share account
669 22
Matured share account .
83,856 44
2,333 64
Profit and loss
$1,148,177 94
56
REPORT OF THE
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
$204,814 00
Dues capital .
Real estate loans eliminated by foreclosure
2,700 00
R. E. loans eliminated by
maturity of shares
4,400 00
Real estate loans repaid . 268,895 00
Share loans repaid .
71,493 00
Notes and bonds
25',000 00
Real estate by foreclosure
5,020 35
Interest
56,247 89
Fines
.
.
.
.
1,492 98
Transfer fees .
27 00
Withdrawal profits .
799 01
Forfeited profits
55 95
Forfeited share account .
2,055 68
Matured share account
87,773 56
Taxes and insurance
113 94
Cash on hand Oct. 31,1906
14,506 75
$745,395 11
$70,073
2,450
34,282
“
retired
92,175
“
“
matured
7,982
Profits capital withdrawn
“
forfeited .
560
“
“
retired
12,948
“
matured .
34,269
Real estate loans
354,840
104,141
Share loans
Notes and bonds
15,000
Real estate by foreclosure
4,643
Interest
1,176
Temporary expense
3,327
Forfeited share account .
1,881
3,917
Matured share account
305
Taxes and insurance
1,422
Cash on hand Oct. 31, 1907
Dues capital withdrawn .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
13
30
92
48
00
00
00
07
77
12
33
12
36
51
$745,395 11
[Pub. Doc
R e c o n c il ia t io n op S h a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
D a t e of I ssu e
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per
Share in Force
17 $188 94
178 14
18
167 66
19
20
157 53
21
147 66
22
138 09
23
128 78
24
119 73
25
110 91
102 32
26
27
93 94
85 78
28
29
77 82
30
70 05
62 45
31
32
55 05
33
47 83
34
40 79
35
33 93
27 22
36
37
20 69
14 30
38
39
8 08
2 00
40
Dues paid in advance
517
421
640
289
399
279
843
336
527
429
341
387
573
313
654
433
720
602
837
878
1,522
1,648
2,299
1,332
w it h
Total Value
$97,681
74,996
107,302
45,526
58,916
38,527
108,561
40,229
58,449
43,895
32,033
33,196
44,590
21,925
40,842
23,836
34,437
24,555
28,399
23,899
31,490
23,566
18,575
2,664
98
94
40
17
34
11
54
28
57
28
54
86
86
65
30
65
60
58
41
16
18
40
92
00
2,418 00
$1,060,518 72
Dues capital .
Profits capital
Unpaid dues .
$874,589 00
177,878 72
8,051 00
$1,060,518 72
No. 8]
57
BANK COMMISSIONER
L o a n s o n O c t . 31, 1907
Sh a r e s
Number of real estate loans
.
603
Number issued during year .
. 4,611
Average size of same
.
. $1,737 40
“
withdrawn
“
.
2,401
“
rate of interest thereon
5 .0 3
“
forfeited
“
.
.
35
.
.
250
“
retired
“
.
.237 Number of share loans
Average size of same
.
.
$362 77
“
matured
“
.
. 6 3 1
“
rate of interest thereon
5 .0 4
“
in force Oct. 31, 1907
17,219
“
borrowed upon Oct. 31,1907 7,184
Average number held by each mem
P r o f it s d is t r ib u t e d
ber Oct. 31, 1907
.
.
.9.70
First term, 2 f % ; second term, 2 | %
M e m b e r s h ip
Number
“
“
“
“
added during year .
.
441
withdrawn “
.
.
281
of members Oct. 31, 1907. 1,776
“ borrowers
“
“ .
720
“ non-borrowers “
“ . 1,056
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $1,018,065; 6 % , $29,590
Share: 5 % , $87,198; 6 % , $3,495
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 66
Percentage of increase in assets dur
ing year
.
.
.
.
8 .3 2
Proportion of profits retained on voluntary
withdrawals, 1 0 %
D ate
T o ta l E x p e n s e s
for
of
Y
Salaries
$2,550
.2221
Amount paid for
Per cent, of total assets
E x a m in a t io n , Ju n e 21
ear
Other Expenses
Total
$777 12
$3,327 12
.0677
.2898
FITCHBURG CO-OPERATIVE BANK, FITCHBURG
President, W
il b u r
B. T e n n e y
Secretary and Treasurer, W
arner
M. A l l e n
Security Committee: N a t h a n ie l V a r n e y , D a v id M. D il l o n , O r in M. L o w e
Incorporated Oct. 27, 1877
Began business Nov. 8, 1877
Regular meetings the third Thursday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate $1,179,425
Less due on mtge. loans 5,200
Loans on shares
Common form mortgages
Real estate by foreclosure, etc.
Unpaid dues
“
interest
.
. .
Personal accounts
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,174,225
64,080
12,825
7,264
8,782
9,568
1,922
1,122
00
00
00
25
00
79
58
71
$1,279,790 33
Liabilities
Dues capital .
$1,059,504 00
Profits capital
. 200,704 07
Guaranty fund
8,200 00
Surplus .
6,208 78
Forfeited share account
1,159 48
Advance dues
4,014 00
$1,279,790 33
R
[Pub. Doc
EEPORT OF THE
58
e c e i p t s
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
e c o n
$799,469 07
Disbursements
Dues capital withdrawn . $157,112
7,191
“
“
forfeited
37,328
“
“
retired
8,085
“
“
matured
16,800
Profitscapital withdrawn
419
“
“
forfeited .
12,676
“
“
retired
2,935
“
“
matured .
379,250
Real estate loans
83,540
Share loans
42,405
Uncompleted mtge. loans
4,600
Mortgages
10,286
Real estate by foreclosure
710
Interest
4,583
Temporary expense
586
Forfeited share account .
1,842
Surplus .
.
.
.
25,641
Personal accounts .
2,352
Suspense account .
1,122
Cash on hand Oct. 31,1907
c i l i a t i o n
D
Receipts
Dues capital .
.
. $284,411 00
Real estate loans elimi
3,200 00
nated by foreclosure
R. E. loans eliminated by
5,900 00
maturity of shares
Real estate loans repaid . 217,750 00
00
79,540
Share loans repaid .
43,855 00
Uncompleted mtge. loans
4,500 00
Mortgages
9,110 04
Real estate by foreclosure
60,410 36
Interest
1,473 10
Fines
.
3 00
Transfer fees .
1,710 35
Withdrawal profits .
43 99
Forfeited profits
1,262 56
Forfeited share account .
27 82
Profits capital
595 53
Surplus .
22,805 06
Personal accounts .
9,301 00
Suspense account
53,570 26
Cash on hand Oct. 31,1906
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
31, 1907
u
D a te of I ssu e
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
e s
o f
P
a n d
S
h
a r e
r o f i t s
A
C
c c o u n t
Shares
Value
Series per Share in Force
37 $196 46
185 49
38
174 88
39
164 55
40
154 53
41
144 76
42
135 30
43
44
126 11
117 15
45
108 39
46
99 85
47
91 52
48
83 36
49
75 49
50
67 76
51
60 22
52
52 87
53
54
45 68
38 68
55
31 85
56
25 18
57
18 67
58
12 30
59
6 08
60
2
313
418
638
548
443
632
579
644
418
560
594
646
698
749
829
896
711
1,170
1,293
1,572
1,646
2,147
2,480
00
00
00
00
00
00
83
21
57
60
31
39
00
71
$799,469 07
i t h
Total Value
$392
58,058
73,099
104,982
84,682
64,128
85,509
73,017
75,444
45,307
55,916
54,362
53,850
52,692
50,752
49,922
47,371
32,478
45,255
41,182
39,582
30,730
26,408
15,078
9 2
37
84
90
44
68
60
69
60
02
00
88
56
02
24
38
52
48
60
05
96
82
10
40
$1,260,208 07
00
30
93
87
35
00
w
a p i t a l
Dues capital .
Profits capital
.
.
.
.
.
.
$1,059,504 00
200,704 07
$1,260,208 07
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
. 5,185
“
withdrawn
“
.
. 3,506
“
forfeited
“
.
.
253
“
retired
“
.
.
285
“
matured
“
55
“
in force Oct. 31, 1907
20,626
“
borrowed upon Oct. 31,1907 7,614
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.59
Number
Average
“
Number
Average
“
L o a n s o n O ct . 31, 1907
of real estate loans
.
811
size of same
.
. $1,454 28
rate of interest thereon
5 .0 1
of share loans
.
164
size of same
.
.
$390 73
rate of interest thereon
5 .0 2
P r o f it s
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $1,164,425; 6 % , $9,800
Share: 5 % , $62,560; 6 % , $1,520
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .1 4
Percentage of increase in assets dur
ing year
.
.
.
.
9 .2 7
Proportion of profits retained on voluntary
withdrawals, 1 0 %
D ate
T o tal E x p e n s e s
fo r
of
E x a m in a t io n , A p r il 1
Y ear
Salaries
Amount paid for
Per cent, of total assets
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M e m b e r s h ip
Number added during year .
.
196
“
withdrawn
“
.
.
185
“
of members Oct. 31, 1907. 2,406
“
“ borrowers
“
“ .
952
“
“ non-borrowers “
“ . 1,454
59
$2,144 57
. 1669
Other Expenses
$2,439 00
.1898
Total
$4,583 57
.3567
FOXBOEOUGH CO-OPERATIVE BANK, FOXBOEOUGH
President, F. A. P e t t e e
Secretary and Treasurer, F. S. L a n e
Security Committee: F o r r e s t B a s s e t t , H. E. N e w t o n , J. A. M o r se , C. H. H a r t sh o r n
Incorporated Feb. 25, 1889
Began business March 19, 1889
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $217,130
9,360
9,000
211
2,809
00
00
00
92
23
$238,511 15
Liabilities
Dues capital .
. $188,014 00
Profits capital
.
41,432 20
Guaranty fund
1,388 00
Surplus .
6,111 36
Interest
1,377 71
Premiums
76 65
Fines
39 16
Transfer fees .
25
Withdrawal profits .
68 36
Forfeiture profits .
3 46
$238,511 15
60
REPORT OF THE
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
ear
[Pub. Doc
R e c o n c il ia t io n op Sh a r e A c c o u n t
D u e s a n d P r o f it s C a p it a l
Receipts
Dues capital .
$45,826 00
R. E. loans eliminated by
maturity of shares
1,050 00
Real estate loans repaid .
35,075 00
Share loans repaid .
4,240 00
Mortgages
900 00
Interest
13,114 78
Premiums
876 45
.
.
.
.
Fines
466 12
Transfer fees .
1 50
Withdrawal profits .
426 33
Forfeited profits
3 46
Real estate expense
12 65
Cash on hand Oct. 31, 1906
1,028 75
D a t e o f I ssu e
Series
Sept., 1896
Mar., 1897
Sept., 1897
Mar., 1898
Sept., 1898
Mar., 1899
Sept., 1899
Mar., 1900
Sept., 1900
Mar., 1901
Sept., 1901
Mar., 1902
Sept., 1902
Mar., 1903
Sept., 1903
Mar., 1904
Sept., 1904
Mar., 1905
Sept., 1905
Mar., 1906
Sept., 1906
Mar., 1907
Sept., 1907
$103,021 04
Disbursements
Duescapital withdrawn
. $13,288 00
“
“
forfeited .
95 00
“
“
matured . 16,408 00
Profits capital withdrawn
1,700 23
“
forfeited .
13 84
“
matured .
7,501 48
Real estate loans
.
.
47,050 00
Share loans .
.
.
8,700 00
Interest
.
.
.
50 40
Temporary expense
.
1,335 86
Matured share account
.
4,032 20
Real estate expense
.
36 80
Cash on hand Oct. 31, 1907
2,809 23
w it h
¡Value
per Share
16 $190 75
17
179 03
167 66
18
19
156 64
20
146 01
21
135 67
22
125 68
23
115 99
24
106 62
25
97 55
26
88 75
27
80 22
71 98
28
29
63 98
30
56 24
31
48 74
32
41 46
34 39
33
34
27 52
35
20 85
14 38
36
37
8 10
2 00
38
$8,774
19,693
17,604
17,073
8,760
8,682
12,065
10,671
8,316
12,388
10,738
16,364
10,077
10,876
6,692
10,089
11,899
8,047
6,907
5,462
5,593
2,899
728
46
110
105
109
60
64
96
92
78
127
121
204
140
170
119
207
287
234
251
262
389
358
364
Dues paid in advance
50
30
30
76
60
88
28
08
36
85
75
88
20
60
56
18
02
26
52
70
82
80
00
415 00
$230,823 20
Dues capital .
Profits capital
Unpaid dues .
$103,021 04
$188,014 00
41,432 20
1,377 00
$230,823 20
Sh a r e s
Number issued during year
.
. 835
“
withdrawn “
.
. 485
“
forfeited
“
.
.
4
“
matured
“
.
. 119
“
in force Oct. 31, 1907
. 3,993
“
borrowed upon Oct. 31, 1907 1,364
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.98
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
210
size of same
.
. $1,033 95
rate of interest thereon
6 .3 9
of share loans
.
.
37
size of
same
.
. $252 97
rate of interest thereon
6 .3 0
P r o f it s
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M e m b e r s h ip
Number
“
“
“
“
added during year
.
withdrawn “
.
of members Oct. 31,1907.
“ borrowers
“
“
“ non-borrowers “
“
.
.
95
57
572
252
320
.
.
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 6 .3 0 % , $152,980; 6 .6 0 % , $64,150
Share: 6 .3 0 % , $9,360
T
o t a l
E
x p e n
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .2 7
Percentage of increase in assets dur
ing year
.
.
.
.
7 .3 2
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
s e s
f o r
of
Y
Salaries
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $862 29
.3615
E x a m in a t io n , A p ril 2
e a r
Other Expenses
$473 57
.1986
Total
$1,335 86
.5601
BANK COMMISSIONER
No. 8]
61
GARDNER CO-OPERATIVE BANK, GARDNER
President, Louis A.
G
r e e n w
Secretary and Treasurer,
o o d
Security Committee:
H
e n
r y
G .
Incorporated Jan. 14, 1889
P
o l l a r d
,
H
H
C
o s e a
G
a r r i s o n
a r t e r
r e e n w
o o d
Jr.
,
Began business March 12, 1889
Regular meetings the second Tuesday of each month
B
a l a n c e
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer .
R
e c e i p t s
e n
a n d
d i n
g
D
O
i s b u
r s e m
c t o b e r
e n
t s
S
h
e e t
,
Y
O
c t o b e r
31, 1907
08
00
37
41
25
03
19
57
85
82
Liabilities
. $213,580 00
Dues capital .
.
38,794 06
Profits capital
1,325 48
Guaranty fund
3,052 78
Surplus.
2,482 30
Interest
52 07
Premiums
63 78
Fines
50
Transfer fees .
99 44
Withdrawal profits .
20 88
Forfeited share account
429 28
Personal accounts .
$259,900 57
$259,900 57
. $239,888
9,635
6,012
196
1,216
26
88
173
19
2,644
e a r
R
e c o n c i l i a t i o n
31, 1907
Receipts
$62,946 00
Dues capital .
R. E. loans eliminated by
2,600 00
maturity of shares
61,250 00
Real estate loans repaid .
5,970 00
Share loans repaid .
428 24
Mortgages
14,016
31
Interest
277 68
Premiums
335 02
Fines
.
.
.
.
75
Transfer fees .
383 15
Withdrawal profits .
10 00
Temporary expense
16,831 62
Cash on hand Oct. 31, 1906
$165,048 77
Disburse?nents
Dues capital withdrawn . $26,983 00
10,729 00
“
“
retired
3,603 00
“
“
matured
3,830 03
Profits capital withdrawn
4,280 32
“
“
retired
1,401 25
“
“
matured .
99,375 00
Real estate loans
9,725 00
Share loans
1,244 72
Mortgages
246 53
Interest
986 10
Temporary expense
2,644 82
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
,
D
u e s
D a t e of I ssu e
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.',
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
a n d
o e
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Value
Shares
Series per Share in Force
15 $196 23
184 86
16
173 79
17
163 06
18
152 67
19
142 56
20
132 75
21
22
123 21
113 97
23
104 95
24
25
96 17
87 63
26
27
79 33
71 27
28
63 43
29
55 82
30
48 42
31
41 22
32
34 25
33
34
27 43
35
20 82
14 37
36
37
8 10
2 00
38
Dues paid in advance
w
i t h
a p i t a l
120
38
47
53
82
17
64
54
69
138
190
103
157
140
204
249
315
234
362
476
503
646
825
541
Total Value
$23,547
7,024
8,168
8,642
12,518
2,423
8,496
6,653
7,863
14,483
18,272
9,025
12,454
9,977
12,939
13,899
15,252
9,645
12,398
13,056
10,472
9,283
6,682
1,082
60
68
13
18
94
52
00
34
93
10
30
89
81
80
72
18
30
48
50
68
46
02
50
00
272 00
$254,536 06
$165,048 77
Dues capital .
Profits capital
Unpaid dues .
$213,580 00
38,794 06
2,162 00
$254,536 06
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
R
e c e i p t s
BANK COMMISSIONER
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
Receipts
Dues capital .
R . E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Insurance
Cash on hand Oct. 31, 1906
e c o n
c i l i a t i o n
D
D a t e of I ssu e
u e s
a n d
Series
o f
P
a r e
A
r o f i t s
S
C
h
Value
c c o u n t
w
i t h
a p i t a l
Shares
Total Value
$80,838 00
11,750
33,050
6,800
17,030
497
1
725
8
319
15
2,433
00
00
00
07
21
00
69
35
00
00
58
$153,467 90
Disbursements
Dues capital withdrawn . $30,404 00
“
forfeited
295 00
“
retired
11,720 00
“
matured
15,091 00
Profits capital withdrawn
2,899 02
“
forfeited .
33 40
“
“
retired
3,411 62
“
matured .
4,907 28
Real estate loans
74,900 00
Share loans
5,250 00
Interest
172 75
Temporary expense
2,374 62
Forfeited share account .
339 00
Insurance
7 50
Cash on hand Oct. 31,1907
1,662 71
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
31, 1907
63
$153,467 90
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
21 $189 47
22
179 27
23
169 35
24
159 74
25
150 34
141 22
26
132 29
27
28
123 56
29
115 09
30
106 78
31
98 70
32
90 78
33
83 01
34
75 40
35
67 95
60 63
36
37
53 45
38
46 42
39
39 52
40
32 78
41
26 15
42
19 66
43
13 30
44
7 08
45
1 00
Dues paid in advance
116
108
79
60
64
66
165
108
138
127
149
100
160
242
259
244
356
227
405
425
486
703
778
1,059
755
$21,978
19,361
13,378
9,584
9,621
9,320
21,827
13,344
15,882
13,561
14,706
9,078
13,281
18,246
17,599
14,793
19,028
10,537
16,005
13,931
12,708
13,820
10,347
7,497
755
52
16
65
40
76
52
85
48
42
06
30
00
60
80
05
72
20
34
60
50
90
98
40
72
00
133 00
$340,331 93
Dues capital .
Profits capital
Unpaid dues .
$293,095 00
44,021 93
3,215 00
$340,331 93
64
[Pub. Doc,
REPORT OF THE
S
M
e m
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
207
size of same
.
. 81,637 80
rate of interest thereon
5 .0 0
of share loans .
.
47
size of same
.
.
$186 17
rate of interest thereon
5 .3 0
h a r e s
Number issued during year
.
. 2,130
“
withdrawn
“
.
. 1,127
“
forfeited
“
5
“
retired
“
.
. 8 4
“
matured
“
.
. 1 0 0
“
in force Oct. 31, 1907
. 7,379
borrowed upon Oct. 31,1907 2,035
“
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.99
Number
Average
“
Number
Average
“
P
r o f i t s
d i s t r i b u
t e d
First term, 2 J % ; second term 2J%
b e r s h i p
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
237
143
924
208
716
M
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , 8335,925; 5 i% , $400; 5 £ % ,
82,700
Share: 5 % , 83,450; 5i % , 85,250; 5 f % , 850
T
E
o t a l
D
x p e n
a t e
s e s
o f
E
Y
e a r
f o r
Salaries
Amount paid for
.
Per cent, of total assets
.
.
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .1 7
Percentage of increase in assets durc
ing year
.
.
.
.
8 .7 0
Proportion of profits retained on voluntary
withdrawals, 2 5 %
.
.
x a m
i n
a t i o
n
,
S
e p t e m
Other Expenses
81,593 81
.
.4557
24
b e r
Total
8780 81
.2232
82,374 62
.6789
GLOUCESTER CO-OPERATIVE BANK, GLOUCESTER
President,
A
s a
G.
A
n
d r e w
Security Committee:
L
F
l e w
Secretary and Treasurer,
s
r e d e r i c k
D .
e l l y n
L
a n
L
o t h
e
,
S
r o p
Incorporated March 2, 1887
a m
,
u e l
A
C
l f r e d
u
r t i s
E .
,
P
M
a u
E
r i c e
v e r e t t
F .
F
L
o l e y
a n e
,
r e s s o n
Began business April 14, 1887
Regular meetings the second Thursday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
“
premiums
“
fines
Permanent expense account .
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
O
c t o b e r
31, 1907
. 8349,150 00
.
22,450 00
3,700 00
1,484 75
77 85
159 24
450 00
156 68
166 68
.
17,328 76
Liabilities
Dues capital .
. 8316,055 00
.
72,874 52
Profits capital
2,794 78
Guaranty fund
1,117 37
Surplus.
Interest
2,055 36
105 15
Premiums
86 64
Fines
Transfer fees .
3 25
14 24
Withdrawal profits .
7 65
Forfeited share account
10 00
Security committee
8395,123 96
8395,123 96
BANK COMMISSIONER
No. 8]
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
e a r
Receipts
Dues capital .
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid .
Real estate in possession
Real estate by foreclosure
Interest
Premiums
Fines
Transfer fees .
Withdrawal profits
Forfeited profits
Personal accounts
Taxes
Profits capital
Insurance
Security committee fees
Cash on hand Oct. 31,1906
e c o n c i l i a t i o n
D
00
00
00
00
00
00
37
05
15
59
75
63
31
49
74
10
00
00
38
$146,325 56
Disbursements
Dues capital withdrawn .
$1,
00
“
“
forfeited
.
680 00
“
“
matured
.
20,445 00
Profits capital withdrawn
1,124 11
“
“
forfeited .
73 74
“
“
matured .
8,689 32
Real estate loans
.
.
61,850 00
Share loans .
.
.
18,150 00
Real estate in possession .
2,455 00
Real estate by foreclosure
2,313 37
Interest
.
.
.
287 10
Temporary expense
.
1,928 55
Personal accounts .
.
5,292 49
Taxes .
.
.
.
163 82
Insurance
.
.
.
39 30
Cash on hand Oct. 31,1907
17,328 76
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
31, 1907
$146,325 56
u e s
a n d
65
o f
P
a r e
A
r o f i t s
S
C
h
c c o u n t
w
i t h
a p i t a l
Value
Shares
Date op Issue Series per
Share in Force
Total Value
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
$31,227
25,463
26,030
15,826
10,791
14,378
16,577
20,567
25,968
17,459
19,053
20,482
20,007
16,517
17,937
20,817
14,554
11,080
16,251
9,676
9,468
5,994
3,862
394
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
19 $198 90
20 187 23
21 175 88
22 164 86
23 154 17
24 143 78
25 133 69
26 123 90
27 114 40
28 105 18
96 23
29
87 53
30
31
79 08
32
70 89
62 94
33
34
55 22
35
47 72
40 44
36
33 37
37
38
26 51
39
19 85
13 38
40
41
7 10
42
1 00
Dues paid in advance
157
136
148
96
70
100
124
166
227
166
198
234
253
233
285
377
305
274
487
365
477
448
544
394
30
28
24
56
90
00
56
40
80
88
54
02
24
37
90
94
60
56
19
15
45
24
40
00
631 00
$391,019 52
Dues capital .
Profits capital
Unpaid dues .
$391,019 52
[Pub. Doc.
REPORT OF THE
66
S
L oans
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,010
“
withdrawn
“
.
.
135
“
forfeited
“
.
.
39
“
matured
“
.
.
145
“
in force Oct. 31, 1907
. 6,264
“
borrowed upon Oct. 31, 1907 2,172
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.52
M
O ct . 31, 1907
on
of real estate loans
.
size of same
.
.
rate of interest thereon
of share loans .
.
size of same
.
.
rate of interest thereon
P
r o f i t s
d i s t r i b u
377
$926 13
6 .30
99
$226 76
6 .4 4
t e d
First term, 3 % ; second term, 3 %
e m
b e r s h i p
Number added during year
.
206
“
withdrawn
“
.
.
91
“
of members Oct. 31, 1907. 1,134
“
“ borrowers
“
“
. 382
“
“ non-borrowers “
“
. 752
4
M
Percentage of surplus and guaranty
fund to dues and profits capital
1.01
Percentage of increase in assets dur
ing year
.
.
.
.
1 5 .8 7
Proportion of profits retained on voluntary
withdrawals, 2 5 %
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 6 .3 0 % , $346,500; 6 .6 0 % , $1,350;
6 .9 0 % , $1,300
Share: 6 .3 0 % , $16,900; 6 .6 0 % , $1,950;
6 .9 0 % , $2,200; 7 .2 0 % , $1,400
T
E
o t a l
i s c e l l a n e o u s
D ate
x p e n
s e s
f o r
o f
Y
E x a m in a t io n , M a t 23
e a r
Salaries
$1,394 57
.3530
Amount paid for
Per cent, of total assets
Other Expenses
Total
$562 05
$1,956 62
.1422
.4952
GRAFTON CO-OPERATIVE BANK, GRAFTON
President,
E
l l s w
E .
o r t h
Security Committee:
A
H
o w
l b e r t
Secretary and Treasurer,
e
L .
F
i s h
e r
,
Incorporated Oct. 19, 1887
J
o h n
E .
M
c
C
l e l l a n
,
O
J
o s e p h
l i v e r
A .
M .
D
W
o d g e
i n g
Began business Nov. 10, 1887
Regular meetings the second Thursday of each month
B
a l a n c e
Assefs
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
. $127,615
3,725
1,722
205
1,649
,
O
c t o b e r
00
00
42
73
64
31, 1907
Liabilities
Dues capital .
. $112,215 00
Profits capital
.
18,615 77
Guaranty fund
1,640 00
Surplus .
2,447 02
No. 8]
R
e c e i p t s
BANK COMMISSIONER
a n d
e n d i n g
D
O
i s b u
r s e m
e n
t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
c t o b e r
Receipts
Dues capital .
R . E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
t
Withdrawal profits .
Profits capital
Membership .
Cash on hand Oct. 31, 1906
D
u e s
D a t e of I ssu e
200
24,940
3^647
418
7,262
65
6
201
00
00
00
20
20
70
00
30
10
124 80
2,600 52
$77,491 82
Disbursements
Dues capital withdrawn . $13,789 00
1,844 00
“
matured
Profits capital withdrawn
1,973 53
“
“
matured .
779 61
Real estate loans
52,628 00
Share loans
3,790 00
Real estate by foreclosure
70 87
Temporary expense
967 07
Surplus .
.
.
.
10
Cash on hand Oct. 31, 1907
1,649 64
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
o f
P
a n d
Series
$38,026 00
67
h a r e
A
r o f i t s
S
C
Shares
Value
per Share in Force
w
i t h
Total Value
5
6
27
28
5
15
42
72
66
94
35
60
51
95
99
140
202
152
347
382
417
380
525
18 $197 81
186 14
19
174 70
20
21
163 66
22
153 08
142 66
23
24
132 58
122 82
.25
113 34
26
104 14
27
95 20
28
86 52
29
30
78 08
31
69 90
32
61 92
54 20
33
34
46 70
35
39 42
32 36
36
25 50
37
18 84
38
12 38
39
40
6 10
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
c c o u n t
a p i t a l
$989
1,116
4,716
4,582
765
2,139
5,568
8,843
7,480
9,789
3,332
5,191
3,982
6,640
6,130
7,588
9,433
5,991
11,228
9,741
7,856
4,704
3,202
05
84
90
48
40
90
36
04
44
16
00
20
08
50
08
00
40
84
92
00
28
40
50
15 00
70 00
Suspense dues
Dues paid in advance
$77,491 82
$131,098 77
$112,215 00
18,615 77
268 00
Dues capital .
Profits capital
Unpaid dues .
$131,098 77
S
h a r e s
Number issued during year
.
.
963
“
withdrawn “
.
.
423
“
matured
“
13
“
in force Oct. 31, 1907
. 3,245
“
borrowed upon Oct. 31,1907
806
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.19
Number
Average
“
Number
Average
“
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
91
size of same
.
. $1,402 36
rate of interest thereon
6 .5 0
of share loans .
.
27
size of same
.
.
$137 96
rate of interest thereon
7 .0 0
P
r o f i t s
d i s t r i b u
t e d
First term, 3 % ; second term, 3 %
M
e m
b e r s h i p
Number added during year .
“
withdrawn “ .
“ of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
R
a t e s
o n
L
o a n s
O
c t
.
.
.
119
57
451
113
338
.
.
31, 1907
R. E .: 6 i% , $127,615
Share: 7 % , $3,725
D
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M
o t a l
E
x p e n
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .1 2
Percentage of increase in assets dur
ing year
.
.
.
.
2 4.3 0
Proportion of profits retained on voluntary
withdrawals, one-half previous 6 months
profit
s e s
a t e
f o r
E
o f
Y
x a m
i n
a t i o n
,
M
a y
27
e a r
Salaries
Other Expenses
$650
.4817
$317 07
.2350
Total
$967 07
.7165
EEPOET OF THE
68
[Pub. Doc
GREENFIELD CO-OPERATIVE BANK, GREENFIELD
President,
W
B
i l l i a m
l a k e
A
Secretary,
l l e n
Treasurer,
Security Committee:
F
E.
r e d e r i c k
H
a w
P
k s
e r l e y
,
Incorporated June 21, 1905
F
E.
F
F
r a n
k
H .
S
n o w
a y
A.
r e d e r i c k
L
o o m
i s
,
G
C.
e o r g e
L
e
n
t
Began business July 11, 1905
Regular meetings the second Tuesday of each month
B
S
a l a n c e
Asseis
Loans on real estate
“
“ shares .
Unpaid dues
“
interest .
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of secretary
“
“
treasurer
.
h
e e t
,
$32,250
1,335
403
55
7
263
73
9
21
O
c t o b e r
00
00
00
50
34
06
00
81
03
31, 1907
Liabilities
Dues capital .
.
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Withdrawal profits .
$34,417 74
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
e a r
R
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31,1906
$34,417 74
e c o n c i l i a t i o n
31, 1907
D
u e s
D a t e o f I ssu e
$ 21,001 00
1,250
580
1,353
72
00
00
22
48
1 00
32 69
7 70
$24,298 09
July,
Jan.,
July,
Jan.,
July,
$32,656 00
967 ;3 2
30*01
121 23
606 99
22 89
13 30
1905
1906
1906
1907
1907
o f
a n d
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Value
Shares
Series per
Share in Force
1
2
3
4
5
$29
22
16
10
4
Dues paid in advance
25
70
31
08
00
w
i t h
a p i t a l
499
325
225
579
491
Total Value
$14,595
7,377
3,669
5,836
1,964
75
50
75
32
00
180 00
$33,623 32
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Share loans .
.
.
Temporary expense
.
Cash on hand Oct. 31,1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,371
131
18,900
1,685
179
30
00
96
00
00
29
84
$24,298 09
Dues capital .
Profits capital
$32,656 00
967 32
$33,623 32
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
70
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
ear
Receipts
Real estate loans repaid .
Share loans repaid .
Notes and bonds
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31, 1906
D a t e o r Issue
$16,490
2*450
4,475
800
3,625
144
00
00
00
00
48
37
75
122 19
2,622 70
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
$30,730 49
Disbursements
Dues capital withdrawn . $10,299 00
“
“
retired
3,636 00
Profits capital" withdrawn
b071 00
“
“
retired
1,251 33
Real estate loans
10,200 00
Share loans
770 00
Temporary expense
346 67
Permanent expense
15 00
Cash on hand Oct. 31,1907
3,141 49
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
$30,730 49
,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
per Share
Shares
1 $197 59
2
186 44
3
175 64
4
165 16
154 94
5
6
145 06
7
135 46
8
126 13
9
117 06
10
108 27
11
99 75
12
91 43
13
83 33
14
75 44
15
67 74
60 22
16
52 89
17
18
45 74
19
38 75
20
31 92
21
25 24
22
18 70
12 31
23
24
6 08
44
26
1
21
7
11
28
3
2
39
49
30
19
75
42
41
70
100
102
80
123
135
148
111
Series
Dues paid in advance
w it h
Total Value
$8,693
4,847
175
3,468
1,084
1,595
3,792
378
234
4,222
4,887
2,742
1,583
5,658
2,845
2,469
3,702
4,574
3,952
2,553
3,104
2,524
1,821
674
96
44
64
36
58
66
88
39
12
53
75
90
27
00
08
02
30
00
50
60
52
50
88
88
9 00
$71,596 76
Dues capital .
Profits capital
Unpaid dues .
$60,472 00
10,795 76
329 00
$71,596 76
No. 8]
BANK COMMISSIONER
S h a r es
Number issued during year
“
withdrawn “
^
T p firp rl
.
.
.
.
^
285
305
97
“
in force Oct. 31, 1907
! 1,307
“
borrowed upon Oct.31,1907
376
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.49
Number
Average
“
Number
Average
“
71
L o an s o n O ct . 31, 1907
of real estate loans
.
64
size of same
.
. $1,025 78
rate of interest thereon
5 .3 7
of share loans .
.
5
size of same
.
.
$294 00
rate of interest thereon
5 .4 3
P r o f its
d is t r ib u t e d
First term, 2-J%; second term, 2 ^ %
M e m b e r sh ip
Number added during year .
.
“
withdrawn “
.
. 4
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
34
0
238
69
169
R a t e s o n L o an s O ct . 31, 1907
R. E .: 5 i % , $55,100; 6 % , $10,550
Share: 5 1 % , $1,125; 6 % , $345
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.29
Percentage of increase in assets dur
ing year
.
.
.
5 .4 8
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series not over 2
years old; 1 0 % thereafter
D ate
T o ta l E x p e n s e s
for
of
Y
Salaries
. $273 08
.3783
Amount paid for
Per cent, of total assets
E x a m in a t io n , D e c e m b e r 27
ear
Other Expenses
$73 59
.1019
Total
$346 67
.4802
GUARDIAN CO-OPERATIVE BANK, BOSTON
President, H e n r y P. O a k m a n
Secretary and Treasurer, D a n ie l E ld r e d g e
Security Committee: H e n r y P. O a k m a n , W . H . R o b e r t s , J o h n C. C o o k , E . K . N e w h a l l
Incorporated July 2, 1886
Began business Aug. 6, 1886
Regular meetings the first Friday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $348,100 00
.
11,250 00
8,365 78
2,676 21
1,191 82
95
110 76
575 00
7,097 34
Liabilities
Dues capital .
. $317,990 00
Profits capital
.
44,827 86
Guaranty fund
4,400 00
Surplus.
3,814 67
Interest
7,557 13
Premiums
9 73
Fines
349 21
Transfer fees .
2 00
Withdrawal profits .
365 00
Forfeited share account
52 26
$379,367 86
$379,367 86
[Pub. Doc
REPORT OF THE
72
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
$77,203 00
Dues capital .
R. E. loans eliminated by
8,000 00
maturity of shares
29,950 00
Real estate loans repaid .
6,100 00
Share loans repaid .
200 37
Mortgages
8,303 92
Real estate by foreclosure
17,151 50
Interest
17 23
Premiums
795 02
Fines
.
.
.
.
6 25
Transfer fees .
936 94
Withdrawal profits .
80
Forfeited profits
5 30
Forfeited share account .
6,981 75
Retired share account
2,512 78
Matured share account
20 00
Surplus .
.
.
.
6,239 80
Cash on hand Oct. 31, 1906
$164,424 66
Disbursements
Dues capital withdrawn . $30,337 00
5 00
“
“
forfeited
5,740 00
“
“
retired
7,800 00
“
“
matured
3,749 15
Profits capital withdrawn
3 20
“
“
forfeited .
1,443 00
“
“
retired
2,666
80
“
“
matured .
78,250 00
Real estate loans
11,250 00
Share loans
2,900 00
Mortgages
474 47
Real estate by foreclosure
157 34
Interest
2,332 93
Temporary expense
7,685 65
Retired share account
2,512 78
Matured share account
20 00
Dues capital .
7,097 34
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$164,424 66
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
D a t e of I ssu e
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Series per Share
19 $198 16
187 48
20
177 09
21
22
166 95
157 15
23
147 62
24
138 38
25
129 40
26
120 63
27
112 10
28
103 74
29
95 60
30
87 66
31
32
79 90
72 31
33
64 88
34
57 62
35
50 52
36
43 57
37
36 78
38
30 14
39
40
23 64
41
17 29
42
11 08
43
5 00
Dues paid in advance
Shares
in Force
61
31
33
8
59
343
62
24
63
49
225
317
404
335
207
330
293
297
292
407
475
443
472
651
748
w it h
Total Value
$12,087
5,811
5,843
1,335
9,271
50,633
8,579
3,105
7,599
5,492
23,341
30,305
35,414
26,766
14,968
21,410
16,882
15,004
12,722
14,969
14,316
10,472
8,160
7,213
3.740
76
88
97
60
85
66
56
60
69
90
50
20
64
50
17
40
66
44
44
46
50
52
88
08
00
299 00
$365,749 86
Dues capital .
Profits capital
Unpaid dues .
$317,990 00
44,827 86
2,932 00
$365,749 86
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
74
[Pub. Doc
REPORT OF THE
R ec eipts
D is b u r s e m e n t s , Y
O c t o b er 31 1907
and
e n d in g
Receipts
$15,940 00
Dues capital .
7,226 90
Real estate loans repaid
545 00
Share loans repaid
Interest
3,646 26
4 05
Premiums
21 88
Fines
25 27
Withdrawal profits
Overdraft
4 18
Cash on hand Oct. 31, 1906
467 63
$27,881 17
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Share loans .
.
.
Temporary expense
.
Personal accounts .
.
Cash on hand Oct. 31, 1907
R e c o n c il ia t io n of S h a r e A c co u n t -w ith
D u e s a n d P r o f it s C a p it a l
ear
$4,748
590
18,951
1,445
186
22
1,936
00
92
90
00
26
73
36
Apr.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Value
Shares
per Share in Force
Series
D a t e of I ssu e
$112
102
93
85
77
69
61
53
46
39
32
25
18
12
6
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
41
21
64
27
07
09
31
73
35
18
18
39
78
35
09
Total Value
214
78
54
31
62
53
104
56
37
23
86
89
175
147
191
24,055
7,972
5,056
2,643
4,778
3,661
6,376
3,008
1,714
901
2,767
2,259
3,286
1,815
1,163
74
38
56
37
34
77
24
88
95
14
48
71
50
45
19
56 00
Dues paid in advance
$71,517 70
$27,881 17
$60,972 00
10,257 70
288 00
Dues capital .
Profits capital
Unpaid dues .
$71,517 70
Sh a r e s
Number issued during year
.
. 351
“
withdrawn “
.
. 141
“
in force Oct. 31, 1907
. 1,400
borrowed upon Oct. 31, 1907
452
“
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.90
Number
Average
“
Number
Average
“
L o a n s o n O ct . 31, 1907
of real estate loans
.
43
size of same
.
. $1,530 80
rate of interest thereon
6 .0 0
of share loans .
.
23
size of same
.
.
$176 30
rate of interest thereon
6 .0 0
P r o f it s
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M e m b e r s h ip
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
R ates
on
.
.
.
.
38
23
237
58
179
M isc e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .03
Percentage of increase in assets dur
ing year
.
.
.
.
2 4.3 2
Proportion of profits retained on voluntary
withdrawals, 2 5 % on shares less than 4
years old
L o a n s O c t . 31, 1907
R. E .: 6 % , $65,824.48
Share: 6 % , $4,055
D ate
T o tal E x p e n s e s
for
of
Y
Salaries
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $112 50
.1563
E x a m i n a t i o n , S e p t e m b e r 19
ear
Other Expenses
Total
$73 76
.1025
$186 26
.2588
No. 8]
BANK COMMISSIONER
75
H AVERH ILL CO-OPERATIVE BANK, HAVERHILL
President, Ja m e s W . H a r r is
Secretary and Treasurer, W il l ia m H . P a g e
Security Committee: Ja m e s W . H a r r is , Ja c k s o n W e b s t e r , F red A. Ch e n e y
Incorporated Aug. 20, 1877 Began business Sept. 3, 1877
Regular meetings the first Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Bonds and notes
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Bond premium account
Cash in hands of treasurer
.
$1,000 00
. 395,500 00
.
10,100 00
4,114 00
5,724 07
2,647 43
99 60
1,000 00
3,448 17
Liabilities
Dues capital .
. $359,369 00
Profits capital
.
57,224 69
Guaranty fund
5,600 00
Surplus .
1,361 14
Forfeited share account
78 44
$423,633 27
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid »
Mortgages
Notes and bonds
Real estate by foreclosure
Interest
Bond premium account .
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Insurance account .
Forfeited share account .
Matured share account
Personal accounts .
Cash on hand Oct. 31, 1906
ear
$90,082 00
3,200 00
5,200
40,150
15,550
170
70,880
15,300
22,278
57
373
2
590
53
20
1,436
25,578
276
525
00
00
00
00
00
35
00
50
83
00
53
73
50
70
99
42
92
8291,726 47
Disbursements
Dues capital withdrawn . $46,464 00
“
forfeited
2,324 00
“
“
matured
25,729 00
Profits capital withdrawn
5,911 21
“
“
forfeited .
537 31
“
“
matured .
7,489 80
Real estate loans
146,950 00
Share loans
12,000 00
Mortgages
2,700 00
Notes and bonds
1,880 00
Real estate by foreclosure
4,426 26
Interest
462 62
Temporary expense
2,395 93
Bond premium account .
1,307 53
Forfeited share account .
1,919 48
Matured share account
25,781 16
Cash on hand Oct. 31, 1907
3,448 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$291,726 47
$423,633 27
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
D a t e of I ssu e
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
33 $195 25
34
185 17
35
175 38
36
165 84
37
156 53
38
147 42
39
138 57
40
129 89
41
121 41
42
113 13
43
105 03
44
97 07
45
89 24
46
81 58
47
74 06
48
66 69
49
59 38
50
52 25
51
45 24
52
38 39
53
31 66
54
25 08
55
18 62
56
12 28
57
6 07
Dues paid in advance
71
133
75
136
142
47
261
129
152
154
313
129
301
219
216
141
263
314
223
258
395
612
603
900
1,352
w it h
Total Value
$13,862
24,627
13,153
22,554
22,227
6,928
36,166
16,755
18,454
17,422
32,874
12,522
26,861
17,866
15,996
9,403
15,616
16,406
10,088
9,904
12,505
15,348
11,227
11,052
8,206
75
61
50
24
26
74
77
81
32
02
39
03
24
02
96
29
94
50
52
62
70
96
86
00
64
427 00
$418,461 69
Dues capital .
Profits capital
Unpaid dues .
$359,369 00
57,224 69
1,868 00
$418,461 69
[Pub. Doc.
REPORT OF THE
76
o n O ct . 31, 1907
of real estate loans
.
244
size of same
.
. $1,620 90
rate of interest thereon
5 .02
of share loans .
.
42
size of same
.
.
$240 48
rate of interest thereon
5.12
L oans
S h a r es
Number
Average
“
Number
Average
“
Number issued during year
.
. 2,588
“
withdrawn “
.
. 1,296
“
forfeited
“
38
matured
“
.
. 1 6 6
“
“
in force Oct. 31, 1907
. 7,539
“
borrowed upon Oct. 31,1907 2,251
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.70
P r o f its
d is t r ib u t e d
First term, 2 | % ; second term, 2\%
M e m b e r sh ip
M is c e l l a n e o u s
Number added during year
.
.
266
“
withdrawn “
.
.
149
“
of members Oct. 31, 1907. 1,125
“
“ borrowers
“
“ .
286
“
“ non-borrowers “
“ .
839
Percentage of surplus and guaranty
fund to dues and profits capital
1.67
Percentage of increase in assets dur
ing year
.
.
.
.
4 .4 «
Proportion of profits retained on voluntary
withdrawals, 1 0%
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $388,400; 6 % , $7,100
Share: 5 % , $8,850; 6 % , $1,250
D ate
T o tal E x p e n s e s
.
Amount paid for
Per cent, of total assets
of
fo r
Y
E x a m in a t io n , A u g u s t 12
ear
Salaries
Other Expenses
Total
$1,520
$875 93
.2068
2,395 93
.5656
.3 5 8 8
H ENRY W ILSON CO-OPERATIVE BANK, NATICK
President, Jo h n R . A dam s
Treasurer, H a r v e y H. W
Secretary, R ich a r d F o l e y
h it n e y
«
Security Committee: D a n ie l A. M a h o n e y , H. H. W h it n e y , J. E. S w e e t l a n d ,
D . C. F e l t o n , G. F. W h it n e y
Incorporated Oct. 23, 1886
Began business Nov. 12, 1886
Regular meetings the second Friday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Asseis
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.,
Unpaid interest .
“
fines
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $165,650 00
.
11,950 00
4,600 00
.
15,060 59
660 83
94 93
49 68
$198,066 03
Liabilities
Dues capital .
. $160,728 00
Profits capital
.
29,199 79
Guaranty fund
1,800 00
Surplus. 6,338 24
$198,066 03
No. 8]
R
e c e ip t s a n d
e n d in g
77
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R ece ip ts
D u e s ca p ita l .
R e a l e sta te lo a n s e lim in a te d b y fo re clo s u re
R e a l es ta te lo a n s r e p a id .
S h a re lo a n s re p a id .
R e a l es ta te b y fo re clo s u re
I n te r e s t
P re m iu m s
F in e s
.
.
.
.
T ra n s fe r fe e s .
W ith d r a w a l p r o fit s .
F o r fe it e d p ro fits
T a x e s a n d in s u ra n ce
P r o fit s ca p ita l
C ash o n h a n d O c t. 3 1 , 1906
ear
D a t e of Issu e
00
1,100 00
13,650 00
9 ,2 0 0 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Series
Value
Shares
w it h
Total Value
$29 ,87 8
1,053
9 ,6 1 8
' 27
311
4
3 60
38
134
4
7,531
25
30
70
88
00
60
04
42
62
02
$ 72,911 83
D isb u rsem en ts
D u e s ca p ita l w ith d r a w n .
“
fo r fe it e d
“
retired
“
m a tu r e d
P r o fits c a p ita l w ith d ra w n
“
fo r fe it e d .
“
“
retired
“
“
m a tu r e d .
R e a l e s ta te lo a n s
S hare loa n s
R e a l es ta te b y fo r e c lo s u r e
T e m p o r a r y e x p e n se
S u rp lu s .
.
.
.
C ash o n h a n d O c t. 3 1 ,1 9 0 7
R e c o n c il ia t io n o f Sh a r e A c c o u n t
D u e s a n d P r o f it s C a p i t a l
00
00
00
11,211 00
$9,2 88
35
4 ,3 6 4
1,442
38
1,360
3*428
29,8 00
8 ,1 5 0
1,828
9 90
925
49
24
04
85
32
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N o v .,
M ay,
1894
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
00
00
47
77
46
121
68
21
01
16
55
15
96
95
16
54
113 11
104 89
96 83
88 9 5
81 26
73 72
66 3 4
59 10
52 00
45 04
38 22
31 53
2 4 97
18 54
12 2 4
6 06
D u e s p a id in a d v a n c e
-
47
87
46
65
55
20
20
29
108
107
145
102
105
71
78
126
70
62
51
113
159
204
221
84
120
2 36
$9,7 13
17,070
8 ,5 5 6
11,450
9 ,1 6 0
3 ,1 4 3
2 ,959
4,0 2 9
14,057
13,0 04
16,400
10,698
1 0,167
6 ,315
6 ,338
9 ,2 8 8
4,6 4 3
3 ,6 6 4
2 ,6 5 2
5,089
6,0 7 6
6,4 3 2
5,5 1 8
1,557
1,468
1,4 3 0
135
96
27
46
40
25
00
20
55
28
78
95
78
15
45
28
72
80
20
00
52
98
12
37
36
80
16
00
$ 1 9 1 ,0 2 2 79
68
$72,911 83
$206
196
186
176
166
157
147
138
130
D u e s c a p ita l .
P ro fits c a p ita l
U n p a id d u e s .
$ 1 6 0 ,7 2 8 00
29,1 99 79
1,095 00
$19 1 ,0 2 2 79
78
REPORT OF THE
S h a r es
Number issued during year
.
.
“
withdrawn
“
.
“
forfeited
“
“
retired
“
.
.
“
matured
“
“
in force Oct. 31, 1907
.
“
borrowed upon Oct.31, 1907
Average number held by each mem
ber Oct. 31, 1907
.
.
.
371
Number
.184 Average
6
“
2 9
Number
73
Average
2,531
“
1,080
[Pub. Doc
L o a n s o n O c t . 31, 1907
of real estate loans
.
92
size of same
.
. $1,800 54
rate of interest thereon
5 .0 7
of share loans .
.
62
size of same
.
.
$192 74
rate of interest thereon
5.03
P r o f its
7.27
d is t r ib u t e d
First term, 2 % ; second term, 2 %
M em b e r sh ip
Number added during year .
.45
M is c e l l a n e o u s
“
withdrawn
“
.
. 2 8
Percentage of surplus and guaranty
“
of members Oct. 31, 1907.
351
fund to dues and profits capital
4 .2 8
“
“ borrowers
“
“ .
120
Percentage of increase in assets dur
“
“ non-borrowers “
“ .
231
ing year
.
.
.
.
3 .5 7
Proportion of profits retained on voluntary
R a t e s o n L o a n s O c t . 31, 1907
withdrawals, 2 5 %
R. E .: 5 % , $154,600; 5J % , $800; 6 % ,
$7,600; 6 .3 0 % , $2,650
Share: 5 % , $11,550; 6 % , $400
D a t e o f E x a m i n a t i o n , Ja n u a r y 29
T o ta l E x p e n s e s
Amount paid for
.
Per cent, of total assets
.
.
.
.
.
.
for
Y
ear
Salaries
Other Expenses
Total
$798 91
.4034
$191 86
.0968
$990 77
.5002
HIGHLAND CO-OPERATIVE BANK, BOSTON
President, Ja m e s P. Cl e a r y
Secretary, F r e d e r ic k W . K le m m
Treasurer, Jo seph E n g e l
Security Committee: Jo seph E n g e l , G eo r g e F i n n e r a n , Jo h n F . D e m p s e y ,
A l f r e d M. Z e ig l e r
Incorporated Feb. 24, 1899
Began business Feb. 27, 1899
Regular meetings the third Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $159,675
3,850
490
29
1,375
00
00
23
94
02
$165,420 19
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus.
Interest
Fines
Transfer fees .
Withdrawal profits .
Forfeited share account
$143,023
19,165
800
310
2,017
49
00
54
00
36
93
82
50
50 04
3 00
$165,420 19
79
BANK COMMISSIONER
No. 8]
R ec eipts
and
e n d i n g
D is b u r s e m e n t s , Y
O c t o b er 31 1907
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
ear
Receipts
$42,472 00
Dues capital .
17,125 00
Real estate loans repaid .
5,725 00
Share loans repaid .
7,297 77
Interest
Fines
.
.
.
.
189 08
Transfer fees .
1 50
288 40
Withdrawal profits .
1 42
Forfeited profits
200 00
Forfeited share account .
Cash on hand Oct. 31,1906
2,931 72
D a t e o f I ssu e
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
$76,231 89
Disbursements
Dues capital withdrawn . $19,940 00
“
forfeited
290 00
Profits capital withdrawn
2,447 44
“
forfeited .
6 30
44,300 00
Real estate loans
Share loans
6,955 00
Temporary expense
698 13
Forfeited share account .
220 00
Cash on hand Oct. 31,1907
1,375 02
Shares
Value
Series per
Share in Force
1 $129 53
2
120 65
111 83
3
4
103 29
94 94
5
6
86 78
7
78 80
71 03
8
63 49
9
10
56 07
11
48 86
12
41 81
34 94
13
14
28 23
15
21 69
16
15 31
17
9 08
3 00
18
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
w it h
Total Value
262
30
35
112
232
71
67
75
183
149
179
148
244
240
461
287
635
518
$33,936
3,619
3,914
11,568
22,026
6,161
5,279
5,327
11,618
8,354
8,745
6,187
8,525
6,775
9,999
4,393
5,765
1,554
86
50
05
48
08
38
60
25
67
43
94
88
36
20
09
97
80
00
264 00
Dues paid in advance
$164,017 54
$76,231 89
$143,023 00
19,165 54
1,829 00
Dues capital .
Profits capital
Unpaid dues .
$164,017 54
S
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
1,308
“
withdrawn “
737
“
forfeited
“
50
“
in force Oct. 31, 1907
3,928
“
borrowed upon Oct. 31 , 1907
951
Average number held by each member Oct. 31, 1907
9 .6 9
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
63
size of same
.
. $2,534 52
rate of interest thereon
5 .0 0
of share loans .
.
10
size of same
.
.
$385 00
rate of interest thereon
5 .53
P r o f it s
M
Number
“
“
“
“
e m
131
84
405
73
332
M is c e l l a n e o u s
Percentage of surplus and guarantyfund to dues and profits capital
. 68
Percentage of increase in assets dur
ing year
.
.
.
.
19.53
Proportion of profits retained on voluntary
withdrawals, 2 0 % on series less than 4
years old; 1 0 % on series from 4 years to
8 years old; after 8 years, none
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $159,675
Share: 5 % , $1,800; 6 % , $2,050
Date
T o ta l E x p e n s e s
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 ^ % ; second term, 2\°/0
b e r s h i p
added during year
withdrawn “
of members Oct. 31, 1907!
(C
“ borrowers
“
cc
“ non-borrowers “
.
.
.
.
.
.
for
of
Y
E x a m in a t io n , F e b r u a r y 4
ear
Salaries
Other Expenses
Total
$500
.3023
$198 13
.1198
$698 13
.4221
[Pub. Doc
REPORT OF THE
80
HILLSIDE CO-OPERATIVE BANK, MEDFORD
President,
H
e n
Y.
r y
Security Committee:
F
R
o w
Secretary and Treasurer,
e l l
A .
r e d e r i c k
H
B
r u
e n
r y
,
c e
Y.
Incorporated Jan. 26, 1906
F .
R
R
o w
D
u s s e l l
a m
H
,
e
e r b e r t
W
i l l i a m
T.
B
H .
r o w
n
A
i n
t k
s
,
e l l
Began business Feb. 6, 1906
Regular meetings the first Tuesday of each month
B
S
a l a n c e
h
e e t
,
O
c t o b e r
31, 1907
Liabilities
Assets
Loans on real estate
“
“
shares .
.
Permanent expense account
Temporary expense account
Cash in hands of treasurer
$18,000
1,365
307
57
43
.
.
.
.
Dues capital
Profits capital
Guaranty fund
Surplus .
.
.
Interest
Fines
.
.
.
Transfer fees .
Withdrawal profits
00
00
41
49
05
$18,968
476
13
38
241
27
00
23
00
10
33
84
75
7 70
.
.
$19,772 95
$19,772 95
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
R
e c o n
31, 1907
Receipts
Dues capital .
.
Real estate loans repaid
Share loans repaid .
Interest
.
.
Fines
.
.
.
Transfer fees .
.
.
Withdrawal profits .
Cash on hand Oct. 31,1906
c i l i a t i o n
D
D a t e of I ssu e
. $14,013 00
.
2,000 00
.
480 00
.
666 25
59 26
2 25
.
10 64
1,260 43
Feb.,
Aug.,
Feb.,
Aug.,
1906
1906
1907
1907
u e s
o f
a n d
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Value
Shares
Series per Share in Force
1
2
3
4
$21
15
9
3
Dues paid in advance
69
31
08
00
w
i t h
a p i t a l
547
208
429
161
Total Value
$11,864
3,184
3,895
483
43
48
32
00
332 00
$18,491 83
$19,759 23
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Share loans .
.
■
Temporary expense
.
Permanent expense
.
Cash on hand Oct. 31,1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,542
42
14,900
1,705
79
180
43
00
29
00
00
49
00
05
$18,491 83
Dues capital .
Profits capital
Unpaid dues .
$18,968 00
476 23
315 00
$19,759 23
No. 8]
81
BANK COMMISSIONEK
S h ar es
Number issued during year
.
.
629
“
withdrawn “
.
.
161
“
in force Oct. 31, 1907
. 1,345
“
borrowed upon Oct. 31,1907
215
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.31
L o an s o n O ct . 31, 1907
Number of real estate loans
.
11
Average size of same
.
. $1,636 36
“
rate of interest thereon
5 .0 6
Number of share loans .
.
16
Average size of same
.
.
$85 31
“
rate of interest thereon
6 .00
P r o f its
M e m b e r sh ip
d is t r ib u t e d
First term, 21,-%; second term, 2\%
Number added during year .
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
89
37
213
27
186
R a t e s o n L o an s O ct . 31, 1907
R. E .: 5 % , $17,000; 6 % , $1,000
Share: 6 % , $1,365
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 26
Percentage of increase in assets dur
ing year
.
.
.
.
198.23
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o tal E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
of
Y
E x a m in a t io n , D e c e m b e r 28
ear
Salaries
Other Expenses
$40
.2023
$76 98
.3893
Total
$116 98
.5916
HINGHAM CO-OPERATIVE BANK, HINGHAM
President, E b e d L . R ip l e y
Secretary and Treasurer, W
alter
B. F o ste r
Security Committee: C. S u m n e r Cu s h in g , F r a n c is M. R ip l e y , E d w a r d W . B a r t l e t t ,
I r a G. H e r s e y , G e o r g e P rice
Incorporated June 1, 1889
Began business June 5, 1889
Regular meetings the first Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Mortgage balances
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $325,750 00
.
15,850 00
1,474 57
1,108 70
3 60
140 57
15 00
5,764 66
$350,107 10
Liabilities
Dues capital .
. $281,836 00
Profits capital
.
60,528 06
Guaranty fund
1,979 00
Surplus .
5,537 00
Interest
165 91
Forfeited share account
6 62
Security committee,
54 51
$350,107 10
82
R
REPORT OF THE
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
D
R ece ip ts
u e s
D a t e o f I ssu e
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Personal accounts .
Mortgage balances .
Cash on hand Oct. 31,1906
$62,208 00
12,000
35,000
10,350
4,790
18,303
60
904
2
1,028
15
218
52
10,868
10,450
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
00
00
00
04
84
05
96
50
37
72
45
00
46
24
$166,252 63
Disbursements
Dues capital withdrawn . $22,882 00
“
forfeited
715 00
“
matured
30,304 00
Profits capital withdrawn
4,117 76
“
forfeited .
63 52
“
matured .
12,349 58
Real estate loans
68,650 00
Share loans
7,200 00
Real estate by foreclosure
224 42
Temporary expense.
1,716 74
Forfeited share account .
218 45
Surplus .
.
.
.
1,120 15
Personal accounts .
42 89
Mortgage balances .
10,883 46
Cash on hand Oct. 31, 1907
5,764 66
[Pub. Doc
o f
a n d
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Value
Shares
Series per
Share in Force
14 $201 61
15
190 11
16
179 04
17
168 25
18
157 78
19
147 65
20
137 81
21
128 25
22
118 98
23
109 96
24
101 18
25
92 64
84 33
26
27
76 22
28
68 34
60 67
29
30
53 22
31
45 96
32
38 90
33
32 01
34
25 29
35
18 73
36
12 33
37
6 09
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
$10,080
25,664
17,366
27,929
20,826
17,865
19,431
12,696
16,062
23,861
13,355
11,950
7,758
20,426
11,481
14,621
11,814
12,684
9,063
12,323
9,913
7,679
5,499
3,410
Dues paid in advance
301 00
Dues capital .
Profits capital
Unpaid dues .
$281,836 00
60,528 06
1,707 00
$344,071 06
h a r e s
Number
Average
“
Number
Average
“
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
197
size of same
.
. $1,653 55
rate of interest thereon
5.31
of share loans .
.
94
size of same
.
.
$168 61
rate of interest thereon
5 .25
P
e m
r o f i t s
d i s t r i b u
t e d
First term, 2-|%; second term, 2 ^ %
b e r s h i p
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
123
72
650
291
359
R a t e s
o n
L o a n s
O c t . 31, 1907
E .: 5 % , $3,000; 5 .2 5 % , $300,050;
5 .5 0 % , $5,000; 5 .7 5 % , $1,400; 6 .3 0 % ,
$16,300
Share: 5 .2 5 % , $15,850
R.
T
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
50
85
88
50
96
65
21
75
30
32
76
56
36
96
12
47
84
96
70
85
68
30
18
40
$344,071 06
Number issued during year
.
. 1,033
“
withdrawn “
.
.
388
“
forfeited
“
64
“
matured
“
.
. 2 1 1
“
in force Oct. 31, 1907
. 5,247
“
borrowed upon Oct. 31, 1907 1,932
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.07
M
i t h
Total Value
50
135
97
166
132
121
141
99
135
217
132
129
92
268
168
241
222
276
233
385
392
410
446
560
$166,252 63
S
w
a p i t a l
o t a l
.
.
E
x p e n
.
.
.
M
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .2 0
Percentage of increase in assets dur
ing year .
.
.
.
2.55
Proportion of profits retained on voluntary
withdrawals, 25%
D
s e s
a t e
f o r
o f
E
Y
e a r
Salaries
$1,542 89
.
4407
x a m
i n
a t i o
n
,
J
u n e
14
Other Expenses
Total
$173 85
$1,716 74
.0497
.4904
No. 8]
BANK COMMISSIONER
83
HOLBROOK CO-OPERATIVE BANK, HOLBROOK
President,
W
.
F .
G
Secretary and Treasurer,
l e a s o n
Security Committee:
H.
C .
M
c
C
a r t e r
Incorporated May 11, 1888
,
Z. A.
F
r e n
c h
,
F .
G
T.
e o r g e
B.
D
i m
W
i l d e
a n
Began business June 11, 1888
Regular meetings the second Tuesday of each month
B
S
a l a n c e
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer
h
e e t
,
. $101,625
4,400
434
5
46
139
.
10,031
O
c t o b e r
00
00
13
65
74
13
32
31, 1907
Liabilities
Dues capital .
.
Profits capital
.
Guaranty fund
Surplus .
Interest
Premiums
Fines
Transfer fees .
Withdrawal profits .
$116,681 97
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u
r s e m
c t o b e r
e n
t s
,
Y
e a r
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
e c o n c i l i a t i o n
D a t e o f I ssu e
$27,616
15,100
2,275
6,175
52
168
3
298
39
4,801
00
00
00
85
51
28
00
12
18
76
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense,
Profits capital
Cash on hand Oct. 31, 1907
$7,965
1,195
33,450
3,575
279
33
10,031
00
15
00
00
33
90
32
$56,529 70
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
00
84
00
99
47
85
80
75
27
$116,681 97
D
$56,529 70
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
31, 1907
$94,625
16,154
660
2,218
2,803
17
77
1
122
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
u e s
a n d
Series
o f
P
S
h
Value
17 $191 29
18
179 83
19
168 73
20
158 02
21
147 54
22
137 59
23
127 76
24
118 35
25
109 23
100 24
26
27
91 57
28
83 13
74 93
29
30
66 97
31
59 24
32
51 75
44 46
33
34
37 39
35
30 52
36
23 85
37
17 38
11 10
38
5 00
39
Dues paid in advance
a r e
r o f i t s
A
C
c c o u n t
w
i t h
a p i t a l
Shares
Total Value
24
32
34
22
25
21
20
82
28
40
60
88
49
148
81
83
85
111
177
320
228
377
266
$4,590
5,754
5,736
3,476
3,688
2,889
2,555
9,704
3,058
4,009
5,494
7,315
3,671
9,911
4,798
4,295
3,779
4,150
5,402
7,632
3,962
4,184
1,330
96
56
82
44
50
39
20
70
44
60
20
44
57
56
44
25
10
29
04
00
64
70
00
33 00
$111,424 84
Dues capital .
Profits capital
Unpaid dues .
$94,625 00
16,154 84
645 00
$111,424 84
84
REPORT OF THE
S
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
98
size of same
.
. $1,036 99
rate of interest thereon
6 .03
of share loans .
.
16
size of same
.
.
$275 00
rate of interest thereon
6 .0 0
h a r e s
Number issued during year
.
.
697
“
withdrawn “
.
.
235
“
in force Oct. 31, 1907
. 2,401
“
borrowed upon Oct. 31,1907
692
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.93
Number
Average
“
Number
Average
“
P
M
e m
b e r s h
[Pub. Doc.
r o f i t s
d i s t r i b u
t e d
First term, 3 % ; second term, 3 %
i p
Number added during year .
.
73
“
withdrawn “
.
. 2 9
“
of members Oct. 31, 1907.
347
. “
“ borrowers
“
“ .
97
“
“ non-borrowers “
“ .
250
M
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 6 % , $91,100; Q\%, $10,525
Share: 6 % , $4,400
T
o t a l
D
E
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .61
Percentage of increase in assets dur
ing year
.
.
.
.
27.11
Proportion of profits retained on voluntary
withdrawals, 2 5 %
x p e n
s e s
a t e
o f
f o r
Y
E
i n
a t i o
n
,
F
e b r u
a r y
4
e a r
Salaries
. $227 16
.1947
Amount paid for
Per cent, of total assets
x a m
Other Expenses
$52 17
.0447
Total
$279 33
.2394
HOLYOKE CO-OPERATIVE BANK, HOLYOKE
President,
C
h
a r l e s
L.
N
e w
Security Committee:
W
c o m
.
P I.
Secretary and Treasurer,
b
B
,
u l l a r d
Incorporated July 24, 1880
J .
P I.
M
o n t g o m
e r y
,
J
F
a m
r a n
e s
k
P
J.
P
h e l p s
a r f i t t
Began business Aug. 25, 1880
Regular meetings the fourth Wednesday of each month
B
a l a n c e
Asseis
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid dues
“
interest .
“
fines
Furniture account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
O
c t o b e r
. $383,650 00
.
30,150 00
8,716 02
2,215 00
1,130 90
52 63
200 00
.
11,414 49
$437,529 04
31, 1907
Liabilities
Dues capital .
. $370,243 00
Profits capital
.
63,645 02
Guaranty fund
2,658 21
Forfeited share account
862 14
Profit and loss
120 67
$437,529 04
No. 8]
R
e c e i p t s
BANK COMMISSIONEK
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
e a r
Recei-pts
Dues capital .
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
. . .
Transfer fees .
Withdrawal profits .
Forfeited profits
Temporary expense
Forfeited share account .
Retired share account
Matured share account
Cash on hand Oct. 31, 1906
e c o n c i l i a t i o n
D
D a t e o f I ssu e
$99,506 00
5,000 00
3,600
65,350
18,800
5,960
19,969
759
12
742
36
122
840
11,287
23,513
19,417
00
00
00
18
49
34
75
01
55
50
55
38
19
14
$274,917 08
Disbursements
Dues capital wit hdrawn . $38,152 00
“
forfeited
1,415 00
“
retired
9,802 00
“
matured
16,965 00
Profits capital withdrawn
4,947 83
“
forfeited .
177 54
“
retired
1,310 22
“
matured .
6,498 39
Real estate loans
112,600 00
Share loans
28,700 00
Real estate by foreclosure
5,377 79
Interest
175 16
Temporary expense
2,407 28
Forfeited share account .
124 01
Retired share account
11,287 38
Matured share account
23,513 19
Profits capital
49 80
Cash on hand Oct. 31, 1907
11,414 49
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
31, 1907
$274,917 08
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
u e s
a n d
85
o f
P
S
h a r e
r o f i t s
A
C
c c o u n t
w
i t h
a p i t a l
Value
Shares
Series per
Share in Force
Total Value
31 $198 78
91
32
187 58
76
33
176 68
78
34
166 12
117
35
155 86
122
36
145 90
93
37
136 24
115
38
126 85
136
39
117 72
146
40
108 85
112
41
100 24
361
42
91 86
210
43
83 71
200
44
75 75
291
45
67 95
330
46
60 39
493
47
53 02
490
48
45 79
370
49
38 75
483
50
31 90
565
51
25 19
556
52
18 66
709
53
12 29
766
54
6 07 1,713
$18,088
14,256
13,781
19,436
19,014
13,568
15,667
17,251
17,187
12,191
36,186
19,290
16,742
22,043
22,423
29,772
25,979
16,942
18,716
18,023
14,005
13,229
9,414
10,397
Dues paid in advance
98
08
04
04
92
70
60
60
12
20
64
60
00
25
50
27
80
30
25
50
64
94
14
91
277 00
$433,888 02
Dues capital .
Profits capital
$370,243 00
63,645 02
$433,888 02
REPORT OF THE
86
S
L o a n s
o n
O c t . 31, 1907
Number of real estate loans
.
287
Average size of same
.
. $1,336 76
“
rate of interest thereon
5 .0 4
Number of share loans .
.
114
Average size of same
.
.
$264 47
“
rate of interest thereon
5 .00
h a r e s
Number issued during year
.
. 2,606
“
withdrawn
“
.
. 1,006
“
forfeited
“
.
.
46
“
retired
“
.
.
145
“
matured
“
.
.
117
“
in force Oct. 31, 1907
. 8,623
“
borrowed upon Oct. 31, 1907 2,740
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.11
M
e m
P
M
b e r s h i p
o f
E
x a m
i n
a t i o n
,
J
2 8
u n e
T
E
o t a l
d i s t r i b u
t e d
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 61
Percentage of increase in assets during year
.
.
.
.
10.06
Proportion of profits retained on voluntary
withdrawals, 2 5 % on shares less than 4
years old; 2 0 % on shares from 4 to 6
years old; 1 5% on shares from 6 to 8
years old; 1 0 % on shares from 8 to 10
years old; 5 % on shares from 10 to 12
years old; after 12 years, none
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $370,000; 6 % , $13,650
Share: 5 % , $30,150
a t e
r o f i t s
First term, 2-J%; second term, 2 | %
Number added during year .
.
349
“
withdrawn
“
.
.
185
“
of members Oct. 31, 1907. 1,410
“
“ borrowers
“
“ .
403
“
“ non-borrowers “
“ . 1,007
D
[Pub. Doc.
x p e n
s e s
Y
f o r
e a r
Salaries
$2,029 72
. 4639
Amount paid for
Per cent, of total assets
Other Expenses
$377 56
.0863
Total
$2,407 28 '
.5502
HOME CO-OPERATIVE BANK, WORCESTER
President,
E
n o c h
H .
T
o w
n
Security Committee:
Secretary and Treasurer,
e
D
a n
P
i e l
,
a r l i n
Incorporated June 10, 1882
E .
J.
B
a r d
w
e l l
,
A
G
e o r g e
O .
.
e l i s l e
l e
x
B
B
r i d g e s
Began business June 16, 1882
Regular meetings the Friday preceding the third Monday of each month
B
a l a n c e
Asseis
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
. $629,060
19,895
5,300
1,750
1,020
.
10,700
O
c t o b e r
00
00
00
63
87
61
$667,727 11
31, 1907
Liabilities
Dues capital .
. $547,859 00
Profits capital
.
93,499 80
Guaranty fund
4,960 00
Surplus .
7,062 12
Interest
.
13,578 85
Fines
491 14
Transfer fees .
7 00
Forfeited share account
114 25
Rent
154 95
$667,727 11
No. 8]
R
e c e ip t s
BANK COMMISSIONER
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
Dues capital .
$137,256 00
Real estate loans eliminated by foreclosure
1,700 00
R. E. loans eliminated by
maturity of shares
5,950 OO
Real estate loans repaid . 104,550 00
Share loans repaid .
9,590 00
Uncompleted mtge loans .
9,800 00
Real estate by foreclosure
11,098 54
Interest
37,491 52
Fines
.
.
.
.
1,053 48
Transfer fees .
22 00
Withdrawal profits .
668 62
Forfeited profits
10 82
492 36
Temporary expense.
70 59
Forfeited share account .
Rent
.
.
.
.
279 88
Profit and loss
725 73
Cash on hand Oct. 31, 1906
9,189 28
$329,948 82
Disbursements
Dues capital withdrawn . $43,081 00
445 00
“
forfeited
21,122 00
“
“
retired
“
matured
6,533 00
Profits capital withdrawn
7,109 61
“
“
forfeited .
51 80
“
retired
6,838 50
“
“
matured .
2,880 17
Real estate loans
200,100 00
Share loans
13,750 00
9,800 00
Uncompleted mtge. loans.
Mortgages
2,000 00
Real estate by foreclosure
2,323 68
Interest
139 00
Temporary expense
2,354 76
Forfeited share account .
70 59
Rent
.
.
.
.
81 77
Profit and loss
567 33
Cash on hand Oct. 31, 1907
10,700 61
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$329,948 82
R
e c o n c il ia t io n
D
D ate
op
June,
June,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
ues
I ssue
1896
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
of
and
Series
87
P
Sh
Value
29 $192 31
31
169 70
33
148 25
34
138 20
35
128 33
118 74
36
37
109 46
38
100 44
39
91 71
40
83 23
41
74 99
42
67 00
43
59 26
44
51 74
44 45
45
46
37 38
30 51
47
23 85
48
49
17 38
50
11 10
5 00
51
Dues paid in advance
are
r o f it s
A ccount
Ca p it a l
w it h
Shares
in Force
Total Value
10
33
13
491
411
397
413
431
564
622
695
470
570
599
734
525
772
731
1,053
871
1,242
$1,923
5,600
1,927
67,856
52,743
47,139
45,206
43,289
51,724
51,769
52,118
31,490
33,778
30,992
32,626
19,624
23,553
17,434
18,301
9,668
6,210
10
10
25
20
63
78
98
64
44
06
05
00
20
26
30
50
72
35
14
10
00
473 00
$645,449 80
Dues capital .
Profits capital
Unpaid dues .
$547,859 00
93,499 80
4,091 00
$645,449 80
[Pub. Doc
REPORT OF THE
88
S
M
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
252
size of same
.
. $2,496 27
rate of interest thereon
6 .00
of share loans
.
.
81
size of same
.
. $245 62
rate of interest thereon
6 .00
h a k e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 2,237
“
withdrawn
“
.
. 1,086
“
forfeited
“
34
“
retired
“
.
.
194
“
matured
“
47
“
in force Oct. 31, 1907
11,647
“
borrowed upon Oct. 31, 1907 3,807
Average number held by each mem
ber Oct. 31, 1907
.
.
.1 0 .6 4
e m
P
r o f i t s
M
b e r s h i p
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 6 % , $626,060; 6 |% , $3,000
Share: 6 % , $19,895
o t a l
D
E
t e d
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .87
Percentage of increase in assets dur
ing year
.
.
.
.
14.92
Proportion of profits retained on voluntary
withdrawals, one half of last dividend
Number added during year .
.
176
“
withdrawn
“
.
.
131
“
of members Oct.31, 1907. 1,095
“
“ borrowers
“
“ . 333
“
“ non-borrowers “
“ .
762
T
d i s t r i b u
First term, 3 % ; second term, 3 %
x p e n
a t e
s e s
o f
E
Y
e a r
f o r
Salaries
$1,340 69
. 2008
Amount paid for
Per cent, of total assets
x a m
i n
,
a t i o n
M
a y
Other Expenses
27
Total
$1,014 07
.1519
$2,354 76
.3527
HOMESTEAD CO-OPERATIVE BANK, BOSTON
President,
W
H.
a l t e r
Security Committee:
J
a m
R
Secretary and Treasurer,
o b e r t s
M .
e s
S
i m
p s o n
J
,
W.
S .
C .
o h n
Incorporated Sept. 11, 1877
M
C
a s o n
,
H. P.
O
a k m
D
a n
a n
,
i e l
E
l d r e d g e
W . H.
R
o b e r t s
,
o o k
Began business Sept. 12, 1877
Regular meetings the second Wednesday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
O
c t o b e r
. $514,750 00
.
29,950 00
.
24,801 93
3,297 99
3,202 26
6 65
281 90
550 00
.
11,014 31
$587,855 04
31, 1907
Liabilities
Dues capital .
. $471,960 00
Profits capital
.
80,653 57
Guaranty fund
6,200 00
Surplus .
.
20,761 78
Interest
5,481 77
Premiums
8 25
Fines
308 10
Transfer fees .
1 50
Withdrawal profits .
377 69
Forfeited share account
1,153 95
Retired share account
370 59
Matured share account
402 84
175 00
Personal accounts •
$587,855 04
BANK COMMISSIONER
No. 8]
R
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
$112,241
Dues capital .
Real estate loans elimi
11,600
nated by foreclosure
R. E. loans eliminated by
17,100
maturity of shares
58,500
Real estate loans repaid .
14,700
Share loans repaid .
Mortgages
911
21
Surplus .
.
.
.
Real estate by foreclosure
10,319
28,341
Interest
Premiums
61
1,557
Fines
.
.
.
.
Transfer fees .
6
1,721
Withdrawal profits .
Forfeited profits
129
Mortgage balance .
106
1,472
Forfeited share account .
7,116
Retired share account
Matured share account
3,459
175
Personal accounts .
Profits capital
Cash on hand Oct. 31, 1906
15,290
e c o n c il ia t io n
D
ues
D a t e op Issu e
00
00
00
00
00
00
00
11
95
60
74
00
58
86
36
61
88
78
00
10
75
$284,832 32
Disbursements
Dues capital withdrawn . $48,648
“
“
forfeited
3,539
5,597
“
“
retired
“
“
matured
15,357
6,887
Profits capital withdrawn
“
“
forfeited .
519
1,434
“
“
retired
5,814
“
“
matured .
130,900
Real estate loans
22,350
Share loans
5,647
Mortgages
10,873
Real estate by foreclosure
153
Interest
3,422
Temporary expense
10
Surplus .
702
Forfeited share account .
8,788
Retired share account
3,056
Matured share account
21
Dues capital .
106
Mortgage balance .
11,014
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
$284,832 32
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906'
1906
1907
1907
and
89
of
P
Sh
are
r o f it s
A ccount
Ca p it a l
Value
Shares
Series per
Share in Force
38 $189 41
178 62
39
40
168 12
41
157 93
42
148 06
43
138 50
44
129 14
45
120 08
111 2 1
46
47
102 59
94 18
48
49
85 99
50
77 99
51
70 19
52
62 56
53
55 14
54
47 91
55
40 85
56
33 97
57
27 25
58
20 70
14 31
59
60
8 08
61
2 00
Dues paid in advance
14
80
51
46
289
278
302
366
356
307
347
485
388
312
439
388
442
412
735
508
775
798
1,039
579
w it h
Total Value
$2,651
14,289
8,574
7,264
42,789
38,503
39,000
43,949
39,590
31,495
32,680
41,705
30,260
21,899
27,463
21,394
21,176
16,830
24,967
•13,843
16,042
11,419
8,395
1,158
74
60
12
78
34
00
28
28
76
13
46
15
12
28
84
32
22
20
95
00
50
38
12
00
147 00
$557,490 57
Dues capital .
Profits capital
Unpaid dues .
$471,960 00
80,653 57
4,877 00
$557,490 57
[Pub. Doc.
REPORT OF THE
90
S
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
214
size of same
.
. $2,405 37
rate of interest thereon
5 .10
of share loans .
.
97
size of same
.
.
$308 76
rate of interest thereon
5 .09
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. .1,835
“
withdrawn
“
.
. 1,292
“
forfeited
“
.
.
103
“
retired
“
.
. 5 0
“
matured
“
.
.
106
“
in force Oct. 31, 1907
. 9,736
“
borrowed upon Oct. 31, 1907 3,203
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.46
P
r o f i t s
d i s t r i b u
t e d
First term, 2-|%; second term, 2\%
M
e m
b e r s h i p
Number added during year .
.
211
“
withdrawn “
.
173
“
of members Oct. 31, 1907. 1,151
“
“ borrowers
“
“ .
183
“
“ non-borrowers “
“ .
968
M
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $445,450; 5\% , $21,100; 5 £ % ,
$4,600; 5 f % , $7,900; 6 % , $23,100;
6 .3 0 % , $12,600
Share: 5 % , $26,500; 5 |% , $200; 5 ^% , $650;
5 f % , $800; 6 % , $1,800
T
o t a l
E
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .8 8
Percentage of increase in assets dur
ing year
.
.
.
.
9 .8 9
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
x p e n
a t e
s e s
o f
E
Y
e a r
f o r
Salaries
$1,925
.3275
Amount paid for
Per cent, of total assets
x a m
i n
a t i o n
,
Other Expenses
$1,497 26
.2547
M
16
a y
Total
$3,422 26
.5822
HOUSATONIC CO-OPERATIVE BANK, G-REAT BARRINGTON
President,
N
a t h
a n
i e l
W
a r n
Security Committee: F.
Secretary and Treasurer,
e r
M .
M
o o r e
,
R. H.
Incorporated June 12, 1889
M
c
D
o n a l d
,
T
h o m
a s
C.
D .
E.
B
K
r o w
i l l e e n
n
Began business July 1, 1889
Regular meetings the first Monday of each month
B
Mssefs
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a l a n c e
.
S
h
e e t
,
$63,075
3,625
80
12
2,882
O
c t o b e r
00
00
23
12
74
$69,675 09
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
$60,140
9,108
353
73
00
05
92
12
$69,675 09
BANK COMMISSIONER
No. 8]
R
e c e i p t s
D
a n d
e n d i n g
O
i s b u r s e m
c t o b e r
e n t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
D
Receipts
Dues capital .
$19,555 00
13' 200 00
Real estate loans repaid .
Share loans repaid .
2,925 00
Interest
3^857 57
Fines
.
.
.
.
109 37
Transfer fees .
25
164 16
Withdrawal profits .
Cash on hand Oct. 31,1906
2,766 07
$42,577 42
Disbursements
Dues capital withdrawn . $13,468 00
“
“
retired
1,015 00
Profits capital withdrawn
1,457 80
“
retired
375 83
Real estate loans
19,700 00
Share loans
3,200 00
Interest
17 29
Temporary expense
226 54
234 22
Surplus .
.
.
.
Cash on hand Oct. 31, 1907
2,882 74
D
a t e
N
o v
of
.,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
u e s
ssu e
o f
a n d
P
91
a r e
A
r o f i t s
S
C
h
c c o u n t
Value
Shares
Series per
Share in Force
13 $200 15
15
178 25
167 80
16
157 57
17
19
137 88
20
128 37
21
119 14
22
110 15
23
101 42
92 89
24
84 61
25
26
76 53
27
68 66
28
61 00
29
53 54
30
46 25
31
39 14
32
32 22
25 45
33
34
18 83
35
12 38
36
6 10
1895
1896
1897
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
w
i t h
a p i t a l
Total Value
5
9
10
11
18
10
41
23
23
23
51
79
60
81
126
85
128
86
132
157
165
248
$1,000
1,604
1,678
1,733
2,481
1,283
4,884
2,533
2,332
2,136
4,315
6,045
4,119
4,941
6,746
3,931
5,009
2,770
3,359
2,956
2,042
1,512
75
25
00
27
84
70
74
45
66
47
11
87
60
00
04
25
92
92
40
31
70
80
$42,577 42
Dues paid in advance
10 00
$69,430 05
Dues capital .
Profits capital
Unpaid dues .
$60,140 00
9,108 05
182 00
•
$69,430 05
S
h a r e s
475
Number issued during year
454
“
withdrawn “
7
“
retired
“
1,571
“
in force Oct. 31, 1907
“
borrowed upon Oct. 31,1907
448
Average number held by each mem6 .28
ber Oct. 31, 1907
Number
Average
“
Number
Average
“
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
54
size of same
.
. $1,168 06
rate of interest thereon
5.29
of share loans .
.
20
size of same
.
.
$181 25
rate of interest thereon
5.29
P
M
Number
“
“
“
“
e m
33
34
250
74
176
added during year
withdrawn “
of members Oct. 31, 1907’
“ .
“ borrowers
“
a
“ non-borrowers “
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $26,850; b\% , $2,300; 5 i% ,
$31,825; 6 % , $2,100
Share: 5 % , $1,575; 5 * % , $2,000; 5 f % , $50
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
r o f i t s
d i s t r i b u
t e d
First term, 3 % ; second term, 2 f %
b e r s h i p
o t a l
E
x p e n
M
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 62
Percentage of increase in assets dur
ing year
.
.
.
.
10.56
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
s e s
a t e
f o r
o f
E
Y
e a r
Salaries
$180
.2583
x a m
i n
a t i o n
,
Other Expenses
$46 54
.0668
A
u g u s t
15
Total
$226 54
.3251
REPORT OF THE
92
[Pub. Doc
HUDSON CO-OPERATIVE BANK, HUDSON
President, A. T.
K
Secretary, C.
n ig h t
Security Committee: R.
H . H
H . H
apgood
Incorporated Oct. 22, 1885
,
Treasurer,
il l
N. G.
T
r ip p
R.
,
Sa v
S. L
il l ia n
A
rnold
am son
Began business Nov. 19, 1885
Regular meetings the third Thursday of each month
B
Assess
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
Cash in hands of treasurer
R
e c e ip t s
and
e n d in g
Sh
alance
eet
, O
ctober
. $272,850 00
.
11,820 00
1,100 00
821 15
2,998 02
Liabilities
Dues capital .
. $239,378 00
Profits capital
.
43,413 59
Guaranty fund
4,500 00
Surplus .
2,279 48
Forfeited share account
18 10
$289,589 17
$289,589 17
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
R
e c o n c il ia t io n
D
D a te
Receipts
of
5.600
27,450
4,275
1,200
14,977
352
515
166
163
5,000
2,683
00
00
00
00
66
49
90
57
09
00
07
$125.127 78
Disbursements
Dues capital withdrawn . $21,051 00
“
“
forfeited
160 00
“
“
matured
12,349 00
Profits capital withdrawn
2,478 03
“
forfeited .
10 50
“
“
matured .
4,577 04
Real estate loans
70,775 00
Share loans
8,800 00
Temporary expense
1,273 96
Forfeited share account .
377 87
Personal accounts .
77 36
200 00
Surplus .
.
.
.
Cash on hand Oct. 31, 1907
2,998 02
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
No.v.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
ues
I ssue
$62,744 00
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
.
.
.
Withdrawal profits .
Forfeited share account .
Rent account
Town note
Cash on hand Oct. 31, 1906
31, 1907
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
and
op
P
Sh
are
r o f it s
A ccount
C a p it a l
Value
Shares
Series per
Share in Force
21 $197 03
22
186 18
175 60
23
24
165 29
25
155 31
145
69
26
27
136 10
126 87
28
29
117 91
30
109 18
100 53
31
92 28
32
84 08
33
34
76 08
35
68 27
36
60 66
37
53 23
45 99
38
39
38 92
32 02
40
41
25 30
42
18 73
12 33
43
44
6 08
Dues paid in advance
112
47
71
82
76
69
61
105
117
67
93
128
132
174
186
312
301
285
280
327
574
489
500
760
w it h
Total Value
$22,067
8,750
12,467
13,553
11,803
10,052
8,302
13,321
13,795
7,315
9,349
11,811
11,098
13,237
12,698
18,925
16,022
13,107
10,897
10,470
14,522
9,158
6,165
4,620
36
46
60
78
56
61
10
35
47
06
29
84
56
92
22
92
23
15
60
54
20
97
00
80
651 00
$284,166 59
$125,127 78
Dues capital .
Profits capital
Unpaid dues .
$239,378 00
43,413 59
1,375 00
$284,166 59
No. 8]
BANK COMMISSIONER
Sh
93
o a n s o n O c t . 31, 1907
of real estate loans
.
212
size of same
.
. $1,287 03
rate of interest thereon
5 .6 3
of share loans
.
.
31
size of same
.
. $381 29
rate of interest thereon
5 .5 0
L
ares
Number issued during year
.
. 1,323
“
withdrawn “
.
.
630
“
forfeited
“
.
. 1 5
“
matured
“
.
.
84
“ ' in force Oct. 31, 1907
. 5,348
“
borrowed upon Oct. 31,1907 1,591
Average number held by each mem
ber Oct. 31, 1907,
.
.
.7.75
• Number
Average
“
Number
Average
“
P
r o f it s
d is t r ib u t e d
First term, 2-J%; second term, 2 f %
M
e m b e r s h ip
Number added during year .
.
“
withdrawn “
.
“
of members Oct. 31, 1907 .
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
97
59
690
243
447
M
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 i% , $199,625; 6 % , $73,225
Share: 5%%, $11,820
T
otal
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .4 0
Percentage of increase in assets dur
ing year
.
.
.
.
14.45
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
xpen ses
ate
of
E
Y
ear
for
Salaries
$800
.2762
Amount paid for
Per cent, of total assets
x a m in a t io n
, M
arch
21
Other Expenses
Total
$473 96
$1,273 96
.1637
.4399
HYDE PARK CO-OPERATIVE BANK, HYDE PARK
President,
T
homas
Security Committee:
E.
F
Sam
Secretary and Treasurer,
aunce
uel
F.
P
orter
,
Ch
Incorporated March 26, 1886
arles
S.
P
G
rescott
eorge
,
J.
K
T.
in g
B
rady
K
n ig h t
Began business May 5, 1886
Regular meetings the first Wednesday of each month
B
alance
Assefs
Loans on real estate
“
“ shares .
.
.
.
Common form mortgages
Real estate by foreclosure, etc.
Unpaid premiums
“
fines
.
.
.
Temporary expense account .
Personal accounts
Insurance and taxes paid
Mortgage balances
Furniture aiid fixtures
Cash in hands of treasurer
Cash items
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
eet
, O
$332,950
24,890
5,500
1,321
.
6
451
2,708
321
817
61
3,239
12
ctober
00
00
00
34
51
16
99
09
67
95
00
56
39
$372,280 66
31, 1907
Liabilities
. $310,189 00
Dues capital .
.
54,197 81
Profits capital
3,297 64
Guaranty fund
2,653 91
Surplus .
1,670 37
Interest
1 25
Transfer fees .
150 51
Withdrawal profits .
80 42
Forfeiture profits
39 75
Personal accounts .
$372,280 66
94
R
REPORT OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
$76,916 00
R. E. loans eliminated by
maturity of shares
6,600 00
Real estate loans repaid .
44,700 00
Share loans repaid .
17,190 00
Surplus .
.
.
.
2 07
Real estate by foreclosure
6,975 12
Interest
17,880 95
Premiums
9 83
Fines
.
.
.
.
778 97
Transfer fees .
6 00
Withdrawal profits .
1,021 38
Forfeited profits
123 04
Forfeited share account .
2,826 38
Personal accounts .
6,039 22
Security committee
80 00
Cash on hand Oct. 31, 1906
3,475 32
$184.624 28
Disbursements
Dues capital withdrawn . $31,768 00
“
forfeited
2,477 00
“
retired
7,207 00
“
matured
10,730 00
Profits capital withdrawn
4,087 56
492 16
“
forfeited .
“
retired
2,439 50
“
matured .
3,916 40
Real estate loans
75,300 00
Share loans
21,790 00
Mortgages
5,500 00
Profit and loss
436 88
Real estate by foreclosure
365 28
Interest
303 93
Temporary expense
2,227 07
Forfeited share account .
2,826 38
Mortgage balance .
817 95
Personal accounts .
8,646 22
Furniture and fixtures
41 00
Cash on hand Oct. 31, 1907
3,251 95
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ear
$184,624 28
e c o n c il ia t io n
D
D
a t e
o f
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
ues
and
[Pub. Doc
of
P
Sh
are
r o f it s
A ccount
C a p it a l
Value
Shares
Series per
Share in Force
19 $199 16
20
188 16
21
177 44
22
167 03
23
156 92
24
147 12
25
137 62
26
128 38
27
119 42
28
110 69
102 14
29
30
93 78
31
85 68
32
77 74
33
69 98
34
62 41
55 02
35
36
47 83
37
40 80
38
33 94
39
27 24
40
20 70
41
14 31
42
8 08
43
2 00
Dues paid in advance
65
83
36
95
126
129
152
138
121
193
127
155
223
383
169
344
233
336
322
373
411
593
489
811
668
w it h
Total Value
$12,945
15,617
6,387
15,867
19,771
18,978
20,918
17,716
14,449
21,363
12,971
14,535
19,106
29,774
11,826
21,469
12,819
16,070
13,137
12,659
11,195
12,275
6,997
6,552
1,336
40
28
84
85
92
48
24
44
82
17
78
90
64
42
62
04
66
88
60
62
64
10
59
88
00
273 00
$367,018 81
Dues capital .
Profits capital
Unpaid dues .
$310,189 00
54,197 81
2,632 00
$367,018 81
No. 8]
BANK COMMISSIONER
Sh
M
L o a n s o n O c t . 31, 1907
of real estate loans
.
200
size of same
.
. $1,664 75
rate of interest thereon
5 .0 4
of share loans .
.
82
size of same
.
.
$303 53
rate of interest thereon
5 .18
ares
Number issued during year
.
. 1,735
“
withdrawn “
.
.
955
“
forfeited
“
.
47
“
retired
“
.
.
50
“
matured
“
.
. 7 3
“
in force Oct. 31, 1907
. 6,775
“
borrowed upon Oct. 31, 1907 2,108
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.18
Number
Average
“
Number
Average
“
P
r o f it s
M
218
152
943
282
661
otal
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .63
Percentage of increase in assets dur
ing year
.
.
.
.
9 .0 3
Proportion of profits retained on voluntary
withdrawals, 2 5 %
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $308,850; 5 1% , $8,000; 5 £ % ,
$4,700; 5 f % , $3,700; 6 % , $4,150; 6 .3 0 % ,
$2,950; 6 1 % , $500; 7 1 % , $100
Share: 5 % , $20,660; 5 1 % , $710; 5 1 % ,
$2,280; 5 f % , $460; 6 % , $80; 8 f % , $650;
1 0% , $50
T
d is t r ib u t e d
First term, 2 1 % ; second term, 2 1 %
e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
95
D
xpen ses
ate
of
E
Y
ear
for
Salaries
$1,778 92
.4778
Amount paid for
Per cent, of total assets
x a m in a t io n
, Ju
Other Expenses
$448 15
.1204
ly
30
Total
$2,227 07
.5982
LAFAYETTE CO-OPERATIVE BANK, FALL RIVER
President,
B.
John
H
Secretary and Treasurer,
uard
Security Committee:
John
B.
H
uard
, N
Incorporated April 11, 1894
ath an
M
il l e r
, Ch
W
F.
il l ia m
arles
E.
P
W
in t e r
e l o q u in
Began business May 2, 1894
Regular meetings the first Wednesday of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.,
Unpaid interest .
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
ee t
, O
ctober
31, 1907
00
00
38
09
78
77
01
Liabilities
. $145,124 00
Dues capital .
.
21,680 32
Profits capital
1,747 21
Guaranty fund
2,988 85
Surplus .
4,768 35
Interest
95 78
Fines
Forfeited share account
183 60
22 92
Prepaid interest
$176,611 03
$176,611 03
. $167,600
7,000
1,248
204
4
379
174
f
96
R
REPORT OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R
ear
e c o n c il ia t io n
D
Receipts
Dues capital .
$43,656 00
Real estate loans repaid .
42,700 00
Share loans repaid .
4,450 00
Uncompleted mtge. loans
7,526 83
Real estate by foreclosure
88 00
Interest
9,502 88
Fines
.
.
.
.
188 70
Forfeited share account .
165 60
Matured share account
1,004 25
Suspense account
2,511 60
Cash on hand Oct. 31, 1906
8,866 00
D
$120,659 86
Disbursements
Dues capital withdrawn . $25,082 00
“
forfeited
160 00
“
matured
8,005 00
Profits capital withdrawn
4,148 85
“
forfeited .
12 70
“
matured .
3,032 15
Real estate loans
61,500 00
Share loans
6,200 00
Uncompleted mtge. loans
7,526 83
Interest
70 10
Temporary expense
765 01
Matured-share account
1,004 25
Suspense account
2,963 52
Cash shortage
15 44
Cash on hand Oct. 31, 1907
174 01
[Pub. Doc
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
ues
Series
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
of
P
and
Sh
A ccount
C a p it a l
are
r o f it s
Value
4 $193 64
182 79
5
172 26
6
162 00
7
152 01
8
142 39
9
10
133 02
11
123 91
12
115 09
13
106 49
14
98 11
15
89 93
16
81 96
74 17
17
18
66 57
19
59 16
20
51 93
21
44 87
22
37 99
23
31 27
24
24 72
25
18 33
12 09
26
27
6 00
w it h
Shares
Total Value
18
52
43
37
56
73
24
58
95
95
61
55
96
151
54
58
100
130
166
325
280
472
565
649
$3,485
9,505
7,407
5,994
8,512
10,394
3,192
7,186
10,933
10,116
5,984
4,946
7,868
11,199
3,594
3,431
5,193
5,833
6,306
10,162
6,921
8,651
6,830
3,894
52
08
18
00
56
47
48
78
55
55
71
15
16
67
78
28
00
10
34
75
60
76
85
00
105 00
Dues paid in advance
$167,651 32
$120,659 86
Dues capital .
Profits capital
Unpaid dues .
$145,124 00
21,680 32
847 00
.
$167,651 32
Sh
ares
Number issued during year
.
. 1,351
“
withdrawn “
.
.
803
“
forfeited
“
10
“
matured
“
55
“
in force Oct. 31, 1907
. 3,713
“
borrowed upon Oct. 31,1907 1,137
Average number held by each mem
ber Oct. 31, 1907
.
.
.1 0 .7 6
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
72
size of same
.
. $2,327 77
rate of interest thereon
5 .5 0
of share loans .
.
26
size of same
.
.
$269 23
rate of interest thereon
5 .5 0
P
r o f it s
d is t r ib u t e d
First term, 2-J%; second term, 2 £ %
M
e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.. 8 7
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R
ates
on
L
oans
O
ct.
116
345
97
248
31, 1907
R. E .: 5 i% , 8167,600
Share: 5 | % , $7,000
D
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M
otal
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .8 3
Percentage of increase in assets dur
ing year
.
.
.
.
7 .03
Proportion of profits retained on voluntary
withdrawals, none
xpen ses
ate
for
of
E
Y
ear
Salaries
. $661 98
.3748
x a m in a t io n
, Ju
Other Expenses
$103 03
.0583
ly
2
Total
$765 01
.4331
No. 8]
BANK COMMISSIONER
97
LAW RENCE CO-OPERATIVE BANK, LAW RENCE
President,
Joh
n
P
Secretary and Treasurer,
a is l e y
Security Committee:
C o l in
K
err
, A
Cr
n d r e w
Incorporated March 12, 1888
a ig
W
, Joh
n
il l ia m
H.
G
A.
W
h it n e y
il m a n
Began business April 6, 1888
Regular meetings the first Saturday of each month
B
alance
Assess
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Permanent expense account .
Insurance and taxes paid
Cash in hands of treasurer
Sh
eet
, O
ctober
31, 1907
Liabilities
Dues capital .
. $495,311 00
Profits capital
.
83,641 02
Guaranty fund
3,765 00
Surplus .
4,854 53
Forfeited share account
65 58
. $547,600 00
.
37,830 00
1,332 14
178 46
263 95
18 87
413 71
$587,637 13
R
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
$127,550 00
R. E. loans eliminated by
maturity of shares
2,200 00
Real estate loans repaid .
87,250 00
Share loans repaid .
18,725 00
Interest
27,910 53
770 83
Fines
.
.
.
.
Transfer fees .
2 25
Withdrawal profits .
723 33
Profits capital
06
Personal accounts .
8 77
Insurance
71 50
Cash on hand Oct. 31,1906
1,593 99
$266,806 26
Disbursements
Dues capital withdrawn . $73,051 00
“
“
matured
21,155 00
Profits capital withdrawn
10,747 22
“
“
matured .
8,117 24
Real estate loans
120,250 00
Share loans
30,370 00
Interest repaid
24 94
Fines repaid .
06
Insurance
63 87
Interest
257 60
Temporary expense
2,328 65
Permanent expense
23 97
Personal accounts .
3 00
413
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ear
$266,806 26
$587,637,13
e c o n c il ia t io n
D
D
a t e
o f
I
ssu e
Oct., 1895
Apr., 1896
Oct., 1896
Apr., 1897
Nov., -1897
May, 1898
Nov., 1898
May, 1899
Nov., 1899
May, 1900
Nov., 1900
May, 1901
Nov., 1901
May, 1902
Nov., 1902
May, 1903
Nov., 1903
May, 1904
Nov., 1904
May, 1905
Nov., 1905
May, 1906
Nov., 1906
May, 1907
ues
and
Series
of
P
Sh
Value
16 $199 69
17
188 47
18
177 54
19
167 03
20
155 16
21
145 34
22
135 77
23
126 50
24
117 46
25
108 67
100 11
26
27
91 76
28
83 59
29
75 66
30
67 92
31
60 35
32
52 97
33
45 78
34
38 76
35
31 90
25 22
36
37
18 69
12 31
38
39
6 08
Dues paid in advance
are
r o f it s
A ccount
Ca p it a l
Shares
27
81
95
81
253
84
181
256
176
254
410
345
446
632
537
614
452
503
348
759
743
971
1,071
1,259
w it h
Total Value
$5,391
15,266
16,866
13,529
39,255
12,208
24,574
32,384
20,672
27,602
41,045
31,657
37,281
47,817
36,473
37,054
23,942
23,027
13,488
24,212
18,738
18,147
13,184
7,654
63
07
30
43
48
56
37
00
96
18
10
20
14
12
04
90
44
34
48
10
46
99
01
72
374 00
$581,849 02
Dues capital .
Profits capital
Unpaid dues .
$495,311 00
83,641 02
2,897 00
$581,849 02
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
R e c eip ts
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R e c o n c il ia t io n of Sh a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
Date
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Temporary expense
Cash on hand Oct. 31,1906
$92,582
78^175
11,360
5,778
17,667
8
439
2
300
220
11,058
99
00
00
00
61
00
65
62
75
26
93
50
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
$217,593 32
Disbursements
Dues capital withdrawn . $31,783 00
“
“
matured
12,772 00
Profits capital withdrawn
2,954 84
“
matured .
4,717 24
Real estate loans
135,300 00
Share loans
15,000 00
Interest
216 48
Temporary expense
1,453 86
Cash on hand Oct. 31, 1907
13,395 90
Value
Series
of Issue
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
16 $197 06
17
186 05
18
175 39
164 96
19
154 92
20
21
145 13
22
135 66
23
126 42
24
117 47
25
108 70
100 16
26
27
91 82
83 65
28
75 72
29
30
67 98
31
60 43
32
53 05
45 86
33
34
38 83
35
31 95
25 23
36
37
18 69
12 31
38
39
6 08
Shares
w it h
Total Value
107
37
41
56
130
95
157
98
119
129
163
91
311
223
345
352
310
247
324
588
1,018
715
946
1,090
$21,085
6,883
7,190
9,237
20,139
13,787
21,298
12,389
13,978
14,022
16,326
8,355
26,015
16,885
23,453
21,271
16,445
11,327
12,580
18,786
25,684
13,363
11,645
6,627
42
85
99
76
60
35
62
16
93
30
08
62
15
56
10
36
50
42
92
60
14
35
26
20
$217,593 32
653 00
Dues paid in advance
$369,434 24
$315,911 00
52,023 24
1,500 00
Dues capital .
Profits capital
Unpaid dues .
$369,434 24
Sh a r e s
o n O c t . 31, 1907
of real estate loans
.
208
size of same
.
. $1,644 13
rate of interest thereon
5.01
of share loans
.
.
46
size of same
.
.
$334 67
rate of interest thereon
5 .1 0
L oans
Number issued during year
.
. 2,439
“
withdrawn “
.
. 1,434
“
matured
“
.
.
88
“
in force Oct. 31, 1907
. 7,692
“
borrowed upon Oct. 31, 1907 2,317
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.32
Number
Average
“
Number
Average
“
P r o f it s
.
.
.
.
225
145
924
250
674
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 90
Percentage of increase in assets dur
ing year
.
.
.
.
1 8 .1 3
Proportion of profits retained on voluntary
withdrawals, 1 0 %
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $336,680; 5 i% , $800; 6 % ,
$4,500
Share: 5 % , $13,895; b\% , $50; 5 f % , $20;
6 % , $1,430
D ate
T o tal E x p e n s e s
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2-|-%; second term, 2 ^ %
M e m b e r sh ip
Number added during year
.
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
.
.
fo r
of
Y
Salaries
$900
.2424
E x a m in a t io n , M a y 3
ear
Other Expenses
Total
$332 93
$1,232 93
.0897
.3321
100
KEPORT OF THE
[Pub. Doc.
LOW ELL CO-OPERATIVE BANK, LOW ELL
President, A r t e m a s B . W
oodworth
Secretary and Treasurer, W
il l ia m
Security Committee: G e o r g e H. T a y l o r , S o u t h w e l l F a r r in g t o n , W
Incorporated April 29, 1885
arren
D. Brown
F. Sa n b o r n
Began business May 14, 1885
Regular meetings the first Friday after the tenth of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
Temporary expense account .
Cash in hands of treasurer
. $536,920 00
.
23,617 00
8,932 02
3,427 60
1 75
303 39
.
22,919 54
Liabilities
Dues capital .
. $499,136 00
Profits capital
.
91,497 63
Guaranty fund
3,007 02
Surplus .
2,479 65
Forfeited share account
1 00
$596,121 30
R e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
Dues capital .
$124,906 00
Real estate loans eliminated by foreclosure
2,900 00
R. E. loans eliminated by
maturity of shares
9,850 00
Real estate loans repaid .
59,685 00
Share loans repaid .
10,900 00
Real estate by foreclosure
4,056 63
Interest
27,215 67
Premiums
.
62 45
Fines
.
.
.
.
823 77
Transfer fees .
6 75
Withdrawal profits .
701 46
Forfeited profits
5 81
Temporary expense
374 78
Cash on hand Oct. 31,1906
33,600 86
$275,089 18
Disbursements
Dues capital withdrawn . $50,000 00
“
forfeited
288 00
“
“
matured
18,944 00
Profits capital withdrawn
6,509 13
“
forfeited .
23 25
“
“
matured .
6,749 44
Real estate loans
145,795 00
Share loans
17,727 00
Real estate by foreclosure
3,203 48
Interest
282 88
Temporary expense
2,647 46
Cash on hand Oct. 31, 1907
22,919 54
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$275,089 18
$596,121 30
R e c o n c il ia t io n of Sh a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
D a t e op I ssue
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Series
Value
21 $206 81
22
195 49
184 57
23
24
173 89
25
163 60
26
153 60
27
143 90
134 46
28
29
125 32
30
116 44
31
107 79
32
99 35
33
91 11
34
83 09
35
75 26
36
67 59
37
60 11
38
52 80
39
45 67
40
38 70
41
31 88
42
25 22
43
18 70
44
12 32
45
6 09
w it h
Shares
Total Value
98
156
151
146
121
176
221
122
263
136
368
187
332
311
430
411
390
458
354
609
849
792
934
1,122
1,307
$20,267
30,496
27,870
25,387
19,795
27,033
31,801
16,404
32,959
15,835
39,666
18,578
30,248
25,840
32,361
27,779
23,442
24,182
16,167
23,568
27,066
19,974
17,465
13,823
7,959
38
44
07
94
60
60
90
12
16
84
72
45
52
99
80
49
90
40
18
30
12
24
80
04
63
$595,977 63
Dues capital .
Profits capital
Unpaid dues .
$499,136 00
91,497 63
5,344 00
$595,977 63
101
BANK COMMISSIONER
No. 8]
Sh a r e s
Number issued during year
.
. 2,675
“
withdrawn
“
.
. 1,432
“
forfeited
“
.
. 1 5
“
matured
“
.
.
128
“
in force Oct. 31, 1907
10,444
“
borrowed upon Oct. 31, 1907 3,616
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.95
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
362
size of same
.
. $1,483 20
rate of interest thereon
5.01
of share loans .
.
89
size of same
.
.
$265 36
rate of interest thereon
5 .0 0
P r o f it s
d is t r ib u t e d
First term, 2 £ % ; second term, 2\%
M e m b e r s h ip
Number added during year
.
.
363
“
withdrawn
“
.
.
163
“
of members Oct. 31, 1907. 1,502
“
“ borrowers
“
“ .
451
“
“ non-borrowers “
“ . 1,051
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $530,820; 5\% , $2,800; 6 .3 0 % ,
$3,300
Share: 5 % , $23,617
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 93
Percentage of increase in assets dur
ing year
.
.
.
.
12.9 4
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; 1 0 % on series over 4 years old
D ate
T o ta l E x p e n s e s
fo r
of
Y
Salaries
$1,767 59
.2965
Amount paid for
Per cent, of total assets
E x a m i n a t i o n , M a y 14
ear
Other Expenses
$505 09
.0847
Total
$2,272 68
.3812
LYNN CO-OPERATIVE BANK, LYNN
President, Jo seph W . H a r d in g
Secretary and Treasurer, R a l p h W . P u t n a m
Security Committee: F. D. M a y o , J. W . H a r d in g , I. W . P e r k in s
Incorporated Nov. 18, 1891
Began business Nov. 23, 1891
Regular meetings the first Monday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Permanent expense account .
Personal accounts
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $198,960
8,500
203
1
310
60
4,130
00
00
21
86
00
00
98
$212,166 05
Liabilities
. $191,575 00
Dues capital .
.
19,465 23
Profits capital
455 00
Guaranty fund
566 94
Surplus .
103 88
Forfeiture profits
$212,166 05
102
REPORT OF THE
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Fines
.
.
.
.
Transfer fees .
Forfeited share account .
Personal accounts .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
'
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
ear
D
$84,819
31,585
10,680
9,341
160
19
2
25
2,892
[Pub. Doc,
00
00
00
98
08
75
06
00
81
54
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
$139,526 22
Disbursements
Dues capital withdrawn . $33,644 00
“
forfeited
19 00
“
matured
3,404 00
Profits capital withdrawn
2,671 90
“
forfeited .
06
“
matured .
1,199 12
Real estate loans
80,105 00
Share loans
13,850 00
Interest
52 44
Temporary expense
449 72
Cash on hand Oct. 31, 1907
4,130 98
I
ssu e
Series
1895
1896
1896
1897
1897
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
9 $196 17
10
185 54
11
175 11
12
164 91
154 98
13
16
126 60
17
117 61
18
108 82
19
100 27
20
91 91
21
83 78
22
75 82
23
68 05
24
60 47
25
53 08
26
45 86
27
38 81
28
31 94
25 23
29
30
18 69
31
12 31
32
6 08
Shares
w it h
Total Value
6
5
10
10
5
39
5
29
120
46
102
197
199
292
279
346
483
412
770
976
1,442
1,371
$1,177
927
1,751
1,649
774
4,937
588
3,155
12,032
4,227
8,545
14,936
13,541
17,657
14,809
15,867
18,745
13,159
19,427
18,241
17,751
8,335
Dues paid in advance
02
70
10
10
90
40
05
78
40
86
56
54
95
24
32
56
23
28
10
44
02
68
68 00
$139,526 22
$212,307 23
Dues capital .
Profits capital
Unpaid dues .
$191,575 00
19,465 23
1,267 00
1
$212,307 23
Sh a r e s
Number issued during year
.
. 3,321
“
withdrawn
“
.
. 1,633
“
forfeited
“
.
.
6
“
matured
“
23
“
in force Oct. 31, 1907
. 7,144
“
borrowed upon Oct. 31,1907 1,413
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.87
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
I ll
size of same
.
. $1,792 43
rate of interest thereon
5 .3 0
of share loans .
.
48
size of same
.
.
$177 08
rate of interest thereon
5 .3 2
P r o f its
d is t r ib u t e d
First term, 2% % ; second term, 2-J%
M e m b e r sh ip
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ ..
“
“ non-borrowers “
“ .
315
144
805
149
656
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 48
Percentage of increase in assets dur
ing year
.
.
.
.
3 3 .2 4
Proportion of profits retained on voluntary
withdrawals, none
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $71,425; 5\% , $2,000; 5 |% ,
$123,945; 6 % , $1,590
Share: 5 % , $3,030; 5 | % , $5,470
D ate
T o tal E x p e n s e s
Amount paid for
.
.
.
Per cent, of total assets
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
for
E x a m in a t io n , D e c e m b e r 20
of
Y
ear
Salaries
$280
.1320
Other Expenses
$169 72
.0800
Total
$449 72
.2120
103
BANK COMMISSIONER
No. 8]
MALDEN CO-OPERATIVE BANK, MALDEN
President, Ch a s . A. S t il e s
Secretary and Treasurer, Jo h n M. Co r b e t t
Security Committee: A l e x . G r a n t , W m . H . C o n v e r s e , M. S. O ’D o n n e l l
Incorporated April 27, 1887
Began business May 9, 1887
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Asseis
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Insurance and taxes paid
Cash in hands of treasurer
Liabilities
. $491,125 00
Dues capital .
.
89,026 96
Profits capital
3,066 10
Guaranty fund
7,045 56
Surplus .
. $527,085 00
.
29,490 00
9,528 00
1,170 31
2,047 43
100 00
243 89
.
20,598 99
b
fca
$590,263 62
$590,263 62
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
$128,792 00
Dues capital .
Real estate loans elimi
2,575 00
nated by foreclosure
R. E. loans eliminated by
3,200 00
maturity of shares
39,210 00
Real estate loans repaid .
13,435 00
Share loans repaid .
500 00
Mortgages
13,277 41
Real estate by foreclosure
27,268 01
Interest
21 75
Premiums
760 88
Fines
.
.
.
.
7 50
Transfer fees .
1,144 51
Withdrawal profits .
14 08
Surplus .
.
.
.
32 91
Temporary expense
29 03
Guaranty fund
205 18
Taxes and insurance
1,583 95
Cash on hand Oct. 31, 1906
$232,057 21
Disbursements
Dues capital withdrawn . $54,983 00
“
“
forfeited
.
260 00
“
“
matured
.
18,900 00
Profits capital withdrawn
5,857 89
“
“
forfeited .
22 88
“
“
matured .
6,371 82
Real estate loans
.
. 93,050 00
Share loans
.
.
.
20,600 00
Mortgages
.
;
.
2,000 00
Real estate by foreclosure
2,915 43
Interest
.
.
.
507 58
Temporary expense
.
3,139 96
Forfeited share account .
9 08
Guaranty fund
.
.
2,572 04
Taxes and insurance
.
268 54
Cash on hand Oct. 31,1907
20,598 99
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o f S h a r e A c c o u n t
D u e s a n d P r o f it s C a p it a l
ear
$232,057 21
D
a t e
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
Value
Series per
Share in Force
17 $204 26
193 15
18
182 39
19
172 00
20
21
161 79
22
152 04
142 51
23
24
133 25
124 27
25
115 53
26
106 95
27
98 64
28
90 50
29
82 57
30
74 81
31
67 24
32
33
59 82
34
52 57
45 48
35
38 54
36
37
31 76
25 12
38
18 63
39
12 28
40
41
6 07
Dues paid in advance
166
121
183
128
186
158
198
227
155
368
152
320
184
116
279
420
406
445
536
666
608
758
875
1,073
1,241
w it h
Total Value
$33,907
23,371
33,377
22,016
30,092
24,022
28,216
30,247
19,261
42.515
16,256
31,564
16,652
9,578
20,871
28,240
24,286
23,393
24,377
25,667
19,310
19,040
16,301
13,176
7,532
16
15
37
00
94
32
98
75
85
04
40
80
00
12
99
80
92
65
28
64
08
96
25
44
87
288 00
$583,567 76
Dues capital .
Profits capital
Unpaid dues .
.
Suspense dues and profits
$491,125
89,026
3,408
7
00
96
00
80
$583,567 76
104
REPORT OF THE
Sh a r e s
Number issued during year
.
. 2,483
“
withdrawn “
.
. 1,115
“
forfeited
“
13
“
matured
“
.
.
126
“
in force Oct. 31, 1907
. 9,969
“
borrowed upon Oct. 31,1907 3,198
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.80
[Pub. Doc.
L o a n s o n O ct . 31, 1907
Number of real estate loans
.
378
Average size of same
.
. $1,394 40
“
rate of interest thereon
5 .0 7
Number of share loans .
.
128
Average size of same
.
. $230 39
“
rate of interest thereon
5 .13
P r o f it s
d is t r ib u t e d
First term, 2 £ % ; second term, 2\%
M e m b e r s h ip
Number added during year
.
.
272
“
withdrawn “
.
. 1 4 2
“
of members Oct. 31, 1907. 1,266
“
“ borrowers
“
“ .
419
“
“ non-borrowers “
“ .
847
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , 8474,235; 5 £ % , $25,100; 5 £ % ,
$2,900; 5 |% , $2,200; 6 % , $6,900; 6 i% ,
$10,500; 6 .3 0 % , $4,450; 7 .2 0 % , $800
Share: 5 % , $21,575; 5 i % , $4,850; 5 +% ,
$1,755; 6 i % , $1,310
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .7 4
Percentage of increase in assets dur
ing year
.
.
.
.
12.52
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 7
years old; 1 5 % thereafter
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
for
E x a m i n a t i o n , M a r c h 19
of
Y
ear
Salaries
Other Expenses
$1,959
.3319
$1,248 05
.2114
Total
$3,207 05
.5433
\
MANSFIELD CO-OPERATIVE BANK, MANSFIELD
President, D a v id E . H a r d in g
Secretary and Treasurer, A l f r e d B . D a y
Security Committee: S. C. L o v e l l , W . C. W
Incorporated March 10, 1883
in t e r ,
J. A . W
h eeler
Began business March 21, 1883
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid dues
“
interest .
“
premiums
“
fines
Permanent expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $259,150 00
.
16,900 00
3,550 00
2,164 17
1,433 00
1,014 50
21 31
40 30
199 00
6,865 34
$291,337 62
Liabilities
Dues capital .
. $238,643 00
Profits capital
.
48,529 31
Guaranty fund
2,230 00
Surplus.
1,935 31
$291,337 62
R e c eip ts
105
BANK COMMISSIONER
No. 8]
and
e n d in g
R e c o n c il ia t io n o f S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Withdrawal profits .
Cash on hand Oct. 31,1906
D
a t e
o f
I
ssu e
$59,046 00
400
47,200
6,675
120
15,493
331
123
446
19,093
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
00
00
00
00
29
54
41
33
28
$148,928 85
Disbursements
Dues capital withdrawn . $29,223 00
“
“
matured
7,776 00
4,474 06
Profits capital withdrawn
3,130
92
“
“
matured .
81,650 00
Real estate loans
14,460 00
Share loans
3 00
Real estate by foreclosure
16 00
Interest
1,230 53
Temporary expense
100 00
Permanent expense
6,865 34
Cash on hand Oct. 31,1907
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Series per Share
Shares
in Force
26 $202 47
27
191 12
180 10
28
169 34
29
30
158 91
31
148 75
32
138 88
33
129 26
34
119 91
110 82
35
101 99
36
37
93 39
85 02
38
39
76 86
40
68 93
41
61 21
42
53 68
43
46 35
44
39 19
32 22
45
25 41
46
18 80
47
12 36
48
6 09
49
w it h
Total Value
$3,037
4,586
12,246
23,876
4,926
27,072
5,277
25,205
15,108
19,836
19,786
14,382
6,631
16,601
9,719
8,691
7,300
15,851
8,425
9,247
9,376
8,065
7,663
4,202
15
24
68
141
31
182
38
195
126
179
194
154
78
216
141
142
136
342
215
287
369
429
620
690
53 00
Dues paid in advance
$148,928 85
05
88
80
94
21
50
44
70
66
78
06
06
56
76
13
82
48
70
85
14
29
20
20
10
$287,172 31
$238,643 00
48,529 31
Dues capital .
Profits capital
$287,172 31
L o a n s o n O c t . 31, 1907
Number of real estate loans
.
209
Average size of same
.
. $1,239 95
“
rate of interest thereon
6 .1 2
Number of share loans .
.
88
Average size of same
.
.
$192 04
“
rate of interest thereon
6 .4 8
Sh a r e s
Number issued during year
.
. 1,423
“
withdrawn “
.
.
794
“
matured
“
54
“
in force Oct. 31, 1907
. 5,012
“
borrowed upon Oct. 31,1907 1,877
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.62
P r o f its
R ates
on
.
5
122
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .4 5
Percentage of increase in assets dur
ing year
.
.
.
.
11.95
Proportion of profits retained on voluntary
withdrawals, 1 0%
658
260
398
.
.
L o a n s O ct . 31, 1907
R. E .: 6 .1 2 % , $259,150
Share: 6 .4 8 % , $16,900
D ate
T o ta l E x p e n s e s
fo r
E x a m in a t io n , Ju l y 22
of
Y
ear
Salaries
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 f % ; second term, 3 %
M e m b e r s h ip
Number added during year
.
“
withdrawn “
.. 5
“
of members Oct. 31, 1907
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
.
.
$1,100
.3776
Other Expenses
$130 53
.0448
Total
$1,230 53
.4224
106
REPORT OF THE
[Pub. Doc,
MARBLEHEAD CO-OPERATIVE BANK, MARBLEHEAD
Secretary and Treasurer, B e n j a m in C o l e , Jr.
President, Jo h n L a n c y
Security Committee: J o h n L a n c y , F r a n k M il l e t t , L o u is S. R a m s d e l l
Incorporated May 5, 1886
Began business May 6, 1886
Regular meetings the first Thursday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Bonds and notes
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Permanent expense account .
Cash in^hands of treasurer
$47,668
72,850
2,700
6,570
762
11
51
50
807
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Forfeited share account
Matured share account
52
00
00
30
80
90
64
00
28
$131,472 44
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Notes and bonds
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Matured share account
Cash on hand Oct. 31, 1906
D
Interest
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a t e
o f
00
26
16
42
11
49
$131,472 44
R e c o n c il ia t io n op S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
I
ssu e
Series
Value
w it h
Shares
Total Value
18
24
25
15
62
23
52
47
96
35
74
$3,366
4,231
4,147
2,336
9,047
3,136
6,607
5,546
10,481
3,519
6,820
10,077
6,687
6,138
6,302
8,030
8,544
4,626
6,238
4,396
3,781
2,576
1,431
$28,027 00
4,450 00
8,050 00
1 0 ,1 1 0
3,160
492
5,781
232
184
1
344
2
0 0
46
00
58
45
65
50
07
6 6
198 74
$61,035 11
Disbursements
Dues capital withdrawn .
“
matured
Profits capital withdrawn
“
matured .
Real estate loans
Share loans
Notes and bonds
$109,197
18,363
559
2,814
25
513
$9,690
3,790
1,370
1,419
11,900
10,050
21,333
2.^6
21
3Q7
807
00
00
28
10
00
00
01
in
58
7fi
28
$61,035 11
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
2 1
2 2
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
$187
176
165
155
145
136
127
118
109
04
33
91
77
93
36
06
0 0
18
57
92 17
83 98
75 99
1 0 0
6 8
2 0
60
53
45
38
31
25
18
60
18
94
8 8
99
27
72
1 2
33
6 09
1 2 0
8 8
90
104
151
186
119
195
174
2 0 2
209
235
72
92
75
55
66
28
12
00
28
95
58
60
12
00
40
18
84
72
05
98
44
97
15
$128,073 26
Dues capital .
Profits capital
Unpaid dues .
$109,197 00
18,363 26
513 00
$128,073 26
BANK COMMISSIONER
No. 8]
107
o n O c t . 31, 1907
of real estate loans
.
83
size of same
.
.
$877 71
rate of interest thereon
6 .3 0
of share loans .
.
10
size of same
.
.
$270 00
rate of interest thereon
5 .5 8
L oans
Sh a r e s
Number issued during year
.
.
470
“
withdrawn “
.
.
236
“
matured
“
26
“
in force Oct. 31, 1907
. 2,344
“
borrowed upon Oct. 31,1907
422
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.17
Number
Average
“
Number
Average
“
P
First term,
M e m b e r s h ip
Number added during year
.
.
68
“
withdrawn “
.
. 3 9
“
of members Oct. 31, 1907.
453
“
“ borrowers
“
“ .
80
“
“ non-borrowers “
“ .
373
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 6 .3 0 % , 872,850
Share: 5 % , $1,500; 6 .3 0 % , $1,200
r o f i t s
2 -J % ;
M
d i s t r i b u
t e d
second term,
i s c e l l a n
2 -| %
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 . 6 4
Percentage of increase in assets dur
ing year
.
.
1 5 .6 4
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
of
a t e
T o ta l E x p e n s e s
fo r
Y
Salaries
$325
.2472
Amount paid for
Per cent, of total assets
E
x a m
i n
a t i o
n
,
D
e c e m
b e r
2 3
ear
Other Expenses
$72 76
.0553
Total
$397 76
.3025
MARLBOROUGH CO-OPERATIVE BANK, MARLBOROUGH
President, E u g e n e O. B r ig h a m
Secretary and Treasurer, Cl if t o n B . R u s s e l l
Security Committee: W . H. H i l l , J. E . W a r r e n , M. J. B u c k l e y , J. F. J. O t t e r s o n ,
G. A. S t a c y
Incorporated April 16, 1890
Began business May 1, 1890
Regular meetings the second Thursday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
Assets
Bonds and notes
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums,
“
fines
Temporary expense account .
Furniture and fixtures
Real estate expense account
Taxes
.
.
.
.
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$8,000
181,325
9,930
2,400
640
78
384
100
2
153
1,934
00
00
00
00
49
45
84
51
00
00
12
26
$204,948 67
Liabilities
. $170,385 00
Dues capital .
.
23,139 65
Profits capital
1,934 85
Guaranty fund
3,892 32
Surplus.
4,955 87
Interest
1 10
Premiums
202 28
Fines
1 75
Transfer fees .
244 37
Withdrawal profits .
155
48
Forfeited share account
36 00
Rent account
$204,948 67
[Pub. Doc
REPORT OF THE
108
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31 , 1907
Receipts
Dues capital .
$41,461 00
R. E. loans eliminated by
2,800 00
«^maturity of shares
15,200 00
Real estate loans repaid .
6,350 00
Share loans repaid .
21,000 00
Notes and bonds
9,118 03
Interest
2 95
Premiums
341 62
Fines
.
.
.
.
2 50
Transfer fees .
353 53
Withdrawal profits .
5 88
Forfeited profits
12 94
Forfeited share account .
108 00
Rent account
10 45
Taxes .
.
.
.
8,918 27
Cash on hand Oct. 31,1906
$105,685 17
Disbursements
Dues capital withdrawn . $14,652 00
“
“
forfeited
220 00
9,884 00
“
matured
1,769 59
Profits capital withdrawn
“
“
forfeited .
29 48
“
“
matured .
3,549 48
41,700 00
Real estate loans
11,090 00
Share loans
20,000 00
Notes and bonds
630 85
Temporary expense
12 94
Forfeited share account .
163 57
Taxes .
.
.
.
49 00
Real estate expense
1,934 26
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o f S h a r e A c c o u n t
D u e s a n d P r o f it s C a p it a l
ear
$105,685 17
D
a t e
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
11 $198 53
12
187 92
177 59
13
14
167 55
15
157 82
148 38
16
139 22
17
130 30
18
121 60
19
20
113 10
104 80
21
22
96 68
23
88 74
24
80 97
25
73 37
26
65 94
27
58 67
51 56
28
44 61
29
37 81
30
31
31 16
32
24 66
33
18 30
34
12 08
35
6 00
Dues paid in advance
48
30
38
25
54
24
35
40
51
88
78
61
92
199
176
237
197
134
170
258
406
212
273
182
357
w it h
Total Value
$9,529
5,637
6,748
4,188
8,522
3,561
4,872
5,212
6,201
9,952
8,174
5,897
8,164
16,113
12,913
15,627
11,557
6,909
7,583
9,754
12,650
5,227
4,995
2,198
2,142
44
60
42
75
28
12
70
00
60
80
40
48
08
03
12
78
99
04
70
98
96
92
90
56
00
105 00
$194,442 65
Dues capital .
Profits capital
Unpaid dues .
$170,385 00
23,139 65
918 00
$194,442 65
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
.
558
“
withdrawn “
.
.
337
“
forfeited
“
.
.
4
“
matured
“
66
“
in force Oct. 31, 1907
. 3,465
“
borrowed upon Oct. 31,1907 1,138
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.91
Number
Average
“
Number
Average
“
109
L o a n s o n O ct . 31, 1907
ofirealfestate loans
.
198
size of, same
.
.
$915 78
rate of interest thereon
5 .0 0
of share loans .
.
57
size of same
.
.
$174 21
rate of interest thereon
.5.00
P r o f its
d is t r ib u t e d
First term, 2 ^ % ; second term, 2|-%
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
86
67
586
213
373
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $180,675; 5J% , $250; 6 .3 0 % ,
$400
Share: 5 % , $9,930
M is c e l l a n e o u s
Percentage"of surplus and guaranty
fund to dues and profits capital
3.01
Percentage» of increase in assets dur
ing year
.
.
.
.
10.95
Proportion of profits retained on voluntary
withdrawals, 2 0 %
D ate
T o ta l E x p e n s e s
fo r
of
Y
Salaries
Amount paid for
Per cent, of total assets
. $412 05
.2011
E x a m in a t io n , Ju n e 19, 20
ear
Other Expenses
Total
$218 80
.1067
$630 85
.3078
MECHANICS’ CO-OPERATIVE BANK, TAUNTON
President, W
il l ia m
H . L e w is
Secretary and Treasurer, E d w a r d S. H e r s e y
Security Committee: Cy r u s Sa v a g e , Jo n a t h a n J. G r e e n , W
Incorporated Sept. 14, 1877
m.
H . Pleadw ell
Began business Sept. 17, 1877
Regular meetings the first Monday after the fifteenth of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Asseis
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid dues
“
interest .
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer . *
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $635,280 00
.
24,409 00
3,603 28
6,606 00
5,314 28
996 88
87 30
627 96
4,243 87
Liabilities
Dues capital .
. $560,088 00
Profits capital
.
90,730 30
Guaranty fund
5,471 88
Surplus .
6,430 27
Interest
.
11,262 59
Fines
492 94
Forfeited share account
15 98
Matured share account
5,515 44
Advance payments
1,161 17
$681,168 57
$681,168 57
110
REPORT OF THE
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
D
Disbursements
Dues capital withdrawn
. $66,053
“
“
forfeited
.
488
“
“
retired
.
6,192
“
“
matured
. 14,022
Profits capital withdrawn
9,817
“
forfeited
.
65
“
“
retired
.
2,218
“
matured
. 5,443
Real estate loans
.
. 162,390
Share loans .
.
. 23,310
Real estate by foreclosure
2,170
Interest
.
.
.
396
Temporary expense.
.
1,836
Permanent expense
.
314
Forfeited share account
.
553
Retired share account
. 8,582
Matured share account
. 18,053
Advance payments .
.
4,759
Guaranty fund
.
.
244
Cash on hand Oct. 31,1907
4,243
a t e
o p
I
ssu e
00
00
00
00
00
07
76
05
84
86
91
56
38
31
36
$331,157 10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n op S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
Dues capital .
.
. $131,199
Real estate loans elimi
nated by foreclosure
.
1,500
R. E. loans eliminated by
maturity of shares
.
400
Real estate loans repaid .
85,124
Share loans repaid .
.
21,421
Real estate by foreclosure
7,037
Interest
.
.
. 27,023
Fines
.
.
.
.
63
Forfeited share account .
553
Retired share account
.
8,582
Matured share account
.
19,689
Advance payments .
.
5,214
Guaranty fund
.
.
310
Suspense
.
.
. 17.485
Cash on hand Oct. 31,1906
5,552
00
00
00
00
43
84
37
58
00
00
67
82
81
24
84
86
93
67
17
87
$331,157 10
[Pub. Doc
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per
Share in Force
29 $192 64
30
181 59
170 93
31
32
160 61
150 57
33
34
140 83
35
131 37
122 14
36
113 24
37
104 59
38
39
96 20
40
88 01
41
80 02
42
72 23
64 63
43
44
57 20
45
49 96
42 90
46
47
36 01
29 29
48
22 73
49
50
16 33
51
10 09
52
4 00
92
43
97
111
125
97
107
544
895
587
339
504
564
157
181
382
285
481
1,206
434
549
1,346
1,594
1,652
w it h
Total Value
$17,722
7,808
16,580
17,827
18,821
13,660
14,056
66,444
101,349
61,394
32,611
44,357
45,131
11,340
11,698
21,850
14,238
20,634
43,428
12,711
12,478
21,980
16,083
6,608
88
37
21
71
25
51
59
16
80
33
80
04
28
11
03
40
60
90
06
86
77
18
46
00
$650,818 30
Dues capital .
Profits capital
$560,088 00
90,730 30
$650,818 30
Sh
M
Number
Average
“
Number
Average
“
on
P
r o f it s
L
oans
O
M
ct
.
d is t r ib u t e d
First term, 2 £ % ; second term, 2\%
e m b e r s h ip
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31,1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
ates
L o a n s o n O c t . 31, 1907
of real estate loans
.
424
size of same
.
. $1,498 30
rate of interest thereon
5 .3 0
of share loans .
.
106
size of same
.
.
$230 27
rate of interest thereon
5 .3 0
ares
Number issued during year
.
. 3,475
“
withdrawn
“
.
. 1,475
“
forfeited
“
.
.
8
“
retired
“
.
. 4 3
“
matured
“
.
.
94
“
in force Oct. 31, 1907
12,372
“
borrowed upon Oct. 31,1907 3,821
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.11
R
111
BANK COMMISSIONER
No. 8]
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .83
Percentage of increase in assets dur
ing year
.
.
.
.
12.26
Proportion of profits retained on voluntary
withdrawals, none
380
172
1,740
530
1,210
31, 1907
R. E .: 5 .3 0 % , 8635,280
Share: 5 .3 0 % , $24,409
D
T
E
otal
xpen ses
ate
E
of
for
Y
x a m in a t io n
ctober
28, 29
ear
Salaries
$900
.1321
Amount paid for
Per cent, of total assets
, O
Other Expenses
Total
$936 81
$1,836 81
.1375
.2696
MEDFIELD CO-OPERATIVE BANK, MEDFIELD
President,
E
d w in
Y. M
Secretary and Treasurer,
it c h e l l
Security Committee:
M
C.
oses
A
J.
dam s,
Incorporated Dec. 29, 1905
A
u gu stu s
L
aprelette
F
it t s
,
W m.
W . W
F. A
h eeler
bell
Began business Jan. 8, 1906
Regular meetings the second Monday of each month
B
alance
Assefs
Loans on real estate
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Sh
ee t
, O
ctober
$14,500 00
68 74
1,910 32
$16,479 06
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Interest
Fines
$15,847
324
16
24
257
9
00
17
69
78
32
10
$16,479 06
112
R
[Pub. Doc
REPORT OF THE
e c e ip t s
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
and
e n d in g
Receipts
Dues capital .
Interest
Fines
.
.
.
.
Permanent expense
Cash on hand Oct. 31,1906
R
ear
D
D
$10,927
554
15
32
2,068
e c o n c il ia t io n
00
90
97
21
76
a t e
I
o p
Jan.,
July,
Jan.,
July,
ues
ssu e
op
and
P
Sh
are
r o f it s
A ccount
C a p it a l
Value
Shares
Series per
Share in Force
$22
16
10
4
1
2
3
4
1906
1906
1907
1907
58
26
07
00
w it h
Total Value
$10,612
2,065
2,668
832
470
127
265
208
60
02
55
00
$13,598 84
63 00
Dues paid in advance
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Temporary expense
.
Permanent expense
.
Cash on hand Oct. 31, 1907
$672
15
10,900
68
32
1,910
00
57
00
74
21
32
$16,241 17
$15,847 00
324 10
70 07
Dues capital .
Profits capital
Unpaid dues .
$16,241 17
$13,598 84
Sh
ares
Number issued during year
.
.
485
“
withdrawn “
57
“
in force Oct. 31, 1907
. 1,070
“
borrowed u*pon Oct. 31,1907
75
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.57
M
R
ates
on
P
L
oans
O
ct.
$1,200; 5J% ,
M
66
15
192
12
180
31, 1907
$3,000; 6 % ,
T
otal
E
Amount paid for
Per cent, of total assets
*
d is t r ib u t e d
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 26
Percentage of increase in assets dur
ing year
.
.
.
.
188.82
Proportion of profits retained on voluntary
withdrawals, none
D
xpen ses
ate
for
of
E
Y
ear
Salaries
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
r o f it s
First term, 2 % ; second term, 2 %
e m b e r s h ip
Number added during year .
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R. E .: 5 % ,
$10,300
L o a n s o n O c t . 31, 1907
Number of real estate loans
.
12
Average size of same
.
. $1,208 33
“
rate of interest thereon
5 .7 6
x a m in a t io n
, D
Other Expenses
.4171
ecem ber
Total
.4171
18
No. 8J
BANK COMMISSIONER
113
MEDFORD CO-OPERATIVE BANK, MEDFORD
President, J.
H
en ry
N
Security Committee:
Secretary and Treasurer,
orcross
L
e w is
W
H.
alter
L
F.
o v e r in g
Cu
, John
s h in g
Incorporated June 21, 1886
Cr
o w le y
E.
, Joseph
O
,
Jam
Ch
es
S. S t u
arles
S.
rtevan t
T
aylo r
,
ber
Began business July 7, 1886
Regular meetings the first Wednesday of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
premiums
“
fines
Permanent expense account .
Cash in hands of treasurer .
Sh
eet
ctober
31, 1907
. $616,050 00
. 45,050 00
1,615 81
2 00
213 85
253 10
2,014 38
Liabilities
Dues capital .
. $534,750 00
Profits capital
. 106,851 63
Guaranty fund
2,592 46
Surplus .
3,717 52
Forfeited share account
5 00
Matured share account .
17,276 53
Security committee
6 00
$665,199 14
$665,199 14
R eceipts
and D isbursements , Y ear
ending O ctober 31, 1907
Receipts
R econciliation of Share A ccount
D ues and P rofits Capital
D
Dues capital, .
$124,789 00
Real estate loans eliminated b y foreclosure
4,700 00
R. E. loans eliminated by
maturity of shares
24,600 00
Real estate loans repaid .
70,250 00
Share loans repaid .
23,850 00
Real estate b y foreclosure
4,617 91
Interest
32,704 38
Premiums
18 25
Fines
.
.
.
.
832 44
Transfer fees .
5 50
Withdrawal profits .
1,433 87
Forfeited profits
49 12
Surplus .
.
.
.
10 00
Forfeited share account .
5 00
Matured share account
55,151 30
Security committee
6 00
Cash on hand Oct. 31, 1906
20,452 95
$363,475 72
Disbursements
Dues capital withdrawn . $41,069 00
“
forfeited
1,097 00
65,341 00
“
matured
Profits capital withdrawn
5,734 37
“
forfeited .
195 55
“
matured . 26,414 86
Real estate loans
152,200 00
Share loans
24,550 00
Real estate b y foreclosure
4,562 43
Interest
74 93
Temporary expense
2,313 69
Permanent expense
33 74
Matured share account
37,874 77
Cash on hand Oct. 31, 1907
2,014 38
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
, O
$363,475 72
a t e
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Series
Value
Shares
21 $189 66
227
22 178 53
147
23 167 69
249
24 157 23
336
25 147 10
193
26 137 30
241
27 127 82
238
28 118 57
200
29 109 64
275
30 100 90
373
31
92 42
321
32
84 15
386
33
76 12
462
34
68 28
423
35
60 63
468
36
53 18
295
37
45 93
693
38
38 87
561
39
31 97
606
40
25 25
728
41
18 70
942
42
12 31
857
43
6 08 1,142
Dues paid in advance
with
Total Value
$43,052
26,243
41,754
52,829
28,390
33,089
30,421
23,714
30,151
37,635
29,666
32,481
35,167
28,882
28,374
15,688
31,829
21,806
19,373
18,382
17,615
10,549
6,943
82
91
81
28
30
30
16
00
00
70
82
90
44
44
84
10
49
07
82
00
40
67
36
602 00
$644,645 63
Dues capital .
Profits capital
Unpaid dues .
$534,750 00
106,851 63
3,044 00
$644,645 63
[Pub. Doc.
REPORT OF THE
114
L o a n s o n O ct . 31, 1907
Number of real estate loans
.
283
Average size of same
.
. $2,176 86
“
rate of interest thereon
5 .0 5
Number of share loans .
.
137
Average size of same
.
.
$328 83
“
rate of interest thereon
5 .10
S h a r es
2,049
Jifumber issued during year
969
“
withdrawn “
“
forfeited
“
25
“
matured
“
.
.
454
“
in force Oct. 31, 1907
10,363
“
borrowed upon Oct. 31, 1907 4,011
Average number held by each mem. 10.02
ber Oct. 31, 1907
P r o f its
d ist r ib u t e d
First term, 2 | % ; second term, 2-j%
M e m b e r sh ip
Number
“
“
“
“
194
added during year
146
withdrawn “
of members Oct. 31, 1907. 1,034
“ .
326
“ borrowers
“
“ .
708
“ non-borrowers “
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 98
Percentage of increase in assets dur
ing year
.
.
.
•
5 .5 2
Proportion of profits retained on voluntary
withdrawals, 2 5 %
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $543,450; 5 i% , $40,300; b\% ,
$23,900; 6 % , $5,400; 6 .3 0 % , $3,000
Share: 5 % , $33,300; 5 i % , $7,900; h\%,
$2,300; 5 f % , $1,400; 6 % , $150
D ate
T o ta l E x p e n s e s
fo r
of
Y
Salaries
$1,800
.2706
Amount paid for
Per cent, of total assets
E x a m in a t io n , M a r c h 14
ear
Other Expenses
$513 69
.0772
Total
$2,313 69
.3478
MELROSE CO-OPERATIVE BANK, MELROSE
President, L e v i S. G o u l d
Secretary, C h a r l e s G. S c h a e d e l
Treasurer, Jo h n P. D e e r in g
Security Committee: J o h n P. D e e r in g , L. F r a n k H in c k l e y , F r a n k R. U pham
Incorporated April 4, 1890
Began business April 20, 1890
Regular meetings the first Friday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Permanent expense account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$63,150
1,412
4,300
69
1,192
00
00
00
66
50
$70,124 16
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Interest
Fines
Transfer fees .
Withdrawal profits
Forfeited share account
$60,654
8,474
596
259
110
7
00
10
08
26
97
74
25
11 46
10 30
$70,124 16
No. 8]
R e c eip ts
BANK COMMISSIONER
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital
Real estate loans eliminated by foreclosure
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited share account .
Profits capital
Cash on hand Oct. 31, 1906
R e c o n c il ia t io n o f S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
D
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a t e
o f
I
ssu e
Series
Value
w it h
Shares
Total Value
i
15
16
12
19
4
5
30
19
10
22
47
57
66
71
82
53
78
86
128
97
184
116
277
423
$193
2,750
2,775
1,965
2,928
578
676
3,786
2,230
1,087
2,207
4,330
4,793
5,031
4,869
5,011
2,851
3,637
3,411
4,203
2,538
3,617
1,542
1,961
423
$18,088 00
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1,300
500
5,885
5,443
3,424
102
00
00
00
75
75
90
25
27 07
767 14
20
2,290 50
$37,829 56
Disbursements
Dues capital withdrawn .
“
forfeited
“
matured
Profits capital withdrawn
“
forfeited .
“
matured .
Real estate loans
Share loans
Mortgages
Real estate by foreclosure
Interest
Temporary expense
Forfeited share account .
Surplus .
.
.
.
115
$5,571
716
3,750
738
185
1,317
14,750
4,237
4,300
90
5
208
767
1
1 9 2
00
00
00
12
36
25
00
00
00
50
81
68
14
20
.'in
$37,829 56
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
22 $193 39
23
183 37
24
173 47
25
163 83
154 14
26
144 59
27
135 31
28
29
126 22
30
117 38
31
108 74
32
100 35
33
92 13
34
84 09
35
76 23
36
68 58
37
61 11
38
53 80
39
46 63
40
39 67
41
32 84
42
26 17
43
19 66
44
13 30
45
7 08
46
1 00
Dues paid in advance
39
55
52
96
66
36
55
60
22
40
70
11
13
18
18
02
40
14
62
52
49
44
80
16
00
55 00
$69,457 10
i
Dues capital .
Profits capital
Unpaid dues .
$60,654 00
8,474 10
329 00
$69,457 10
116
[Pub. D oc.
REPORT OF THE
Sh a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
.
755
“
withdrawn “
.
.
142
“
forfeited
“
7
“
matured
“
25
“
in force Oct. 31, 1907
. 1,918
“
borrowed upon Oct. 31,1907
373
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.31
L o a n s o n O c t . 31, 1907
of real estate loans
.
54
size of same
.
. $1,169 44
rate of interest thereon
5 .3 0
of share loans .
.
11
size of same
.
.
$128 36
rate of interest thereon
5 .3 5
P r o f its
d ist r ib u t e d
First term, 2 J % ; second term, 2\°/0
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
M is c e l l a n e o u s
108
20
304
61
243
Percentage of surplus and guaranty
fund to dues and profits capital
1 .2 4
Percentage of increase in assets dur
ing year
.
.
.
.
14.32
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less tliam 2
years old; 1 0 % on series from 2 tojdi,
years old; after 5 years, none
R a t e s o n L o an s O c t . 31, 1907
R. E .: 5 % , $38,250; 5\% , $1,800; 5^% ,
$10,500; 6 % , $11,400; 6 .3 0 % , $1,200
Share: 5 % , 920; 6 % , $492
D ate
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
E x a m in a t io n , M a y 2
of
Y
ear
Salaries
Other Expenses
$120
$88 68
.1711
.1265
Total
$208 68
.2976
MERCHANTS’ CO-OPERATIVE BANK, BOSTON
President, E d w a r d W . H o w e
Secretary and Treasurer, A l b e r t E . D u f f il l
Security Committee: G e o r g e T . B o s s o n , A l b e r t S. P a r s o n s , Jo h n B u t l a n d ,
J. H . A u b in , H a r l a n d A . P e r k in s
Incorporated Dec. 20, 1881
Began business February, 1882
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account .
Taxes paid
Cash in hands of treasurer .
Cash items .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,164,660
. 142,830
.
19,723
3,120
1,364
53
6,262
165
00
00
36
65
21
16
09
92
$2,338,179 39
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Interest
Premiums
Fines
Transfer fees .
Withdrawal profits .
Forfeited share account
Suspense account .
Personal account
$1,948,126
. 338,598
.
27,834
.
11,056
.
10,946
51
5
739
743
16
60
00
32
93
60
35
85
59
25
73
11
36
30
$2,338,179 39
No. 8]
R e c eip ts
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c to b er 31, 1907
$950,696 34
Disbursements
Dues capital withdrawn . $223,288
“
forfeited
2,231
“
matured
35,767
Profits capital withdrawn
39,979
“
forfeited .
238
“
matured .
13,577
Real estate loans
492,739
Share loans
102,410
Real estate by foreclosure
21,677
174
Interest
Temporary expense
8,453
Surplus .
.
.
.
166
Forfeited share account .
2,065
Withdrawal profits .
12
Fines
.
.
.
.
Insurance
1,402
Taxes .
81
Suspense account
5
Cash on hand Oct. 31, 1907
6,428
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of Sh a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
Dues capital .
$488,487 00
Real estate loans eliminated by foreclosure
18,900 00
R. E. loans eliminated by
maturity of shares
20,350 00
Real estate loans repaid . 186,784 84
Share loans repaid .
73,250 00
Mortgages
3,868 86
Real estate by foreclosure
18,556 69
Interest
112,383 66
Premiums
45 40
Fines
.
.
.
.
4,989 44
Transfer fees .
26 75
Withdrawal profits .
3,167 32
Forfeited profits
68 88
Temporary expense
343 20
Forfeited share account .
2,351 18
Insurance
1,084 50
Taxes .
.
.
.
39 70
Profits capital
3 43
Profit and loss
10 77
Cash on hand Oct. 31, 1906
15,984 72
00
00
00
99
36
22
05
00
34
08
45
00
42
10
11
85
36
00
01
$950,696 34
117
D
a t e
o f
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
Mar.,
June,
Sept.,
Dec.,
Mar.,
June,
Sept.,
Dec.,
Mar.,
June,
Sept.,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
Value
Series
29 $194 90
30
183 85
31
173 21
32
162 83
152 84
33
34
143 12
35
133 67
36
124 50
37
115 59
38
106 87
39
98 38
40
90 08
41
81 99
42
74 09
43
66 38
44
58 86
45
51 53
44 36
46
47
37 36
48
33 94
49
30 56
50
27 24
51
23 94
52
20 69
53
17 48
54
14 31
55
11 18
56
8 08
57
5 02
58
2 00
Dues paid in advance
Shares
247
434
680
744
1,154
599
893
571
721
869
1,111
1,432
1,654
1,829
1,603
1,663
1,787
2,193
1,806
1,493
1,606
1,460
1,515
1,949
1,598
2,034
1,895
2,514
2,628
2,148
w it h
Total Value
$48,140
79,790
117,782
121,145
176,377
85,728
119,367
71,089
83,340
92,870
109,300
128,994
135,611
135,510
106,407
97,884
92,084
97,281
67,472
50,672
49,079
39,770
36,269
40,324
27,933
29,106
21,186
20,313
13,192
4,296
30
90
80
52
36
88
31
50
39
03
18
56
46
61
14
18
11
48
16
42
36
40
10
81
04
54
10
12
56
00
3,439 00
$2,301,761 32
Dues capital .
Profits capital
Unpaid dues .
$1,948,126 00
338,598 32
15,037 00
$2,301,761 32
-
118
REPORT OF THE
Sh a r e s
Number issued during year
10,363
“
withdrawn “
. 5,798
“
forfeited
“
15(3
“
matured
“
.
246
“
in force Oct. 31, 1907
42,830
“
borrowed upon Oct.31 1907 14,956
Average number held by each member Oct. 31, 1907
. 10.32
Number
Average
“
Number
Average
“
[Pub. Doc,
L o a n s o n O c t . 31, 1907
of real estate loans
.
926
size of same
.
. $2,337 64
rate of interest thereon
5 .09
of share loans .
.
506
size of same
.
.
$282 27
rate of interest thereon
5 .2 9
P r o f its
d is t r ib u t e d
First term, l-J-%; second term, 1\ % ; third
term, l i % ; fourth term, 1 £ %
M e m b e r sh ip
Number added during year
860
“
withdrawn “
591
“
of members Oct. 31, 1907. 4,152
“
“
borrowers
“
“ . 1,192
“
“ non-borrowers “
“ . 2,960
M isc e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.70:
Percentage of increase in assets dur
ing year
.
.
.
.
13.93
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 6
years old; 1 5 % on series from 6 to 7
years old; 5 % on series from 7 to 8 years,
old; after 8 years, none
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $1,915,560; 5 £ % , $68,650; 5 £% ,
$41,300; 5 f % , $9,350; 6 % , $99,250;
6 .3 0 % , $9,000; 6 £% , $13,550; 6 f % ,
$5,200; 7 % , $2,800
Share: 5 % , $98,980; 5 £ % , $3,300; b\% ,
$8,370; 5 f % , $11,010; 6 % , $9,130; 6 i % ,
$3,190; 6\% , $4,650; 6 f % , $4,100; 7 % ,
D ate
of
E x a m in a t io n , O c t o b er 7, 8
$100
T o ta l E x p e n s e s
fo r
Y
ear
Salaries
$4,822
.2062
Amount paid for
Per cent, of total assets
Other Expenses
$3,631 45
.1553
Total
$8,453 45
.3615
MERRIMACK CO-OPERATIVE BANK, LAWRENCE
President, J. J. M a h o n e y
Secretary, C. J. Co r co r an
'
Treasurer, C. A. M c Ca r t h y
Security Committee: E. P. W
h it e ,
Incorporated April 2, 1892
J. V. B r o g a n , C. J. C o r co r an
Began business April 28, 1892
Regular meetings tbe first Friday of each month
B a l a n c e S h e e t , O c t o b er 31, 1607
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
u
premiums
“
fines
Permanent expense account .
Cash in hands of secretary
“ treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$56,800 00
2,985 00
471 45
10
79 58
80 56
687 91
8,783 70
$69,888 30
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus.
Forfeited share account
$51,317
10,932
1,486
4,308
1,844
00
43
13
67
07
$69,888 30
No. 8]
R ec eip ts
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Premiums
Fines
.
.
.
.
Withdrawal profits .
Forfeited profits
Forfeited share account .
Cash on hand Oct. 31, 1906
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
D
$14,428
16,471
1,820
4,133
14
192
378
55
1,441
4,515
119
00
25
00
81
25
56
12
18
87
12
a t e
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
$43,450 16
Disbursements
Dues capital withdrawn . $10,953 00
“
forfeited
1,279 00
“
retired
1,433 00
Profits capital withdrawn
1,513 66
“
forfeited .
220 95
“
retired
594 99
Real estate loans
15,796 25
Share loans
1,400 00
Interest
5 50
Temporary expense
635 00
Forfeited share account .
146 90
Premiums
30
Cash on hand Oct. 31, 1907
9,471 61
I
ssu e
Value
Shares
Series per
Share in Force
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
9 $193 70
182 29
10
11
171 22
12
160 47
13
150 03
14
139 90
15
130 06
16
120 50
111 23
17
102 23
18
19
93 49
20
85 00
21
76 75
22
68 75
23
60 97
24
53 43
25
46 11
26
39 01
32 11
27
25 36
28
29
18 78
12 36
30
31
6 10
w it h
Total Value
30
28
51
8
10
10
20
10
16
5
47
20
44
44
51
35
25
92
118
104
98
162
106
$5,811
5,104
8,732
1,283
1,500
1,399
2,601
1,205
1,779
511
4,394
1,700
3,377
3,025
3,109
1,870
1,152
3,588
3,788
2,637
1,840
2,002
646
Dues paid in advance
00
12
22
76
30
00
20
00
68
15
03
00
00
00
47
05
75
92
98
44
44
32
60
157 00
$43,450 16
$63,217 43
Dues capital .
Profits capital
Unpaid dues .
*
$51,317 00
10,932 43
968 00
$63,217 43
Sh a r e s
Number issued during year
.
.
323
“
withdrawn
“
.
. 3 1 6
“
forfeited
“
66
“
retired
“
.
. 1 1
“
in force Oct. 31, 1907
1,134
“
borrowed upon Oct. 31, 1907
340
Average number held by each mem
ber Oct. 31, 1907
'.
.
.8.46
Number
Average
“
Number
Average
“
L o a n s o n O ct . 31, 1907
of real estate loans
.
33
size of same
.
. $1,721 21
rate of interest thereon
5 .69
of share loans
.
.
16
size of same
. $186 56
rate of interest thereon
6 .0 0
P ro f its
d is t r ib u t e d
First term, 2-J%; second term, 3 %
M e m b e r sh ip
M is c e l l a n e o u s
Number added during year .
.22
“
withdrawn
“
.
. 3 0
Percentage of surplus and guaranty
fund to dues and profits capital
9 .31
“
of members Oct. 31, 1907.
166
Percentage of increase in assets dur
“
“ borrowers
“
“ .
39
ing year
.
.
.
.
4 .9 4
“
“ non-borrowers “
“ .
127
Proportion of profits retained on voluntary
withdrawals, 2 5 %
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , 818,600; 6 % , $35,150; 6 .3 0 % ,
D a t e of E x a m i n a t i o n , M a y 15
$3 050
Share: 6 % , $2,985
T o ta l E x p e n s e s
Amount paid for
.
IJer cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
for
Y
ear
Salaries
$400
.5723
Other Expenses
$235
.3363
Total
$635
.9086
120
REPORT OF THE
[Pub. Doc
MIDDLEBOROUGH CO-OPERATIVE BANK, MIDDLEBOROUGH
President, W
arren
Secretary and Treasurer, Joseph E. B e a ls
H . So u t h w o r t h
Security Committee: W
arren
H . S o u t h w o r t h , Jo se p h E. B e a l s , H e n r y W . S e a r s
Incorporated May 1, 1889
Began business May 21, 1889
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
.4 ssets
Loans on real estate
$273,900 00
Less due on mtge. loans
3,500 00 $270,400 00
Loans on shares .
8,025 00
Common form mortgages
6,172 00
Real estate by foreclosure, etc.
1,490 13
Unpaid interest .
994 03
“
fines
130 36
Cash in hands of treasurer
7,191 67
Cash items .
.
.
.
1 55
Liabilities
Dues capital .
. $244,300 00
.
46,608 18
Profits capital
Guaranty fund
700 26
2,740 45
Surplus .
Interest
55 85
$294,404 74
$294,404 74
R e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
858,594 00
Dues capital .
R. E. loans eliminated by
2,200 00
maturity of shares
29,050 00
Real estate loans repaid .
2,440 00
Share loans repaid .
13,350 00
Uncompleted mtge. loans
675-00
Mortgages
500 00
Real estate by foreclosure
14,205
07
Interest
669 91
Fines
.
.
.
.
4 25
Transfer fees .
160 19
Withdrawal profits .
230
53
Guaranty fund
2,289 21
Cash on hand Oct. 31, 1906
$124,368 16
Disbursements
Dues capital withdrawn . $23,023 00
9,451 00
“
“
retired
7,541 00
“
“
matured
3,178 88
Profits capital withdrawn
3,462 10
“
“
retired
3,028 22
“
“
matured .
47,450 00
Real estate loans
5,300 00
Share loans .
. . .
12,400 00
Uncompleted mtge. loans
853 51
Mortgages
304 53
Real estate by foreclosure
259 18
Interest
923 52
Temporary expense
7,193 22
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n op S h a r e A c co u n t
D u e s a n d P r o f its C a p it a l
ear
$124,368 16
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
14 $201 04
15
189 60
178 48
16
17
167 70
18
157 23
147 10
19
137 26
20
21
127 69
118 41
22
23
109 40
24 •100 63
92 14
25
83 90
26
75 90
27
68 11
28
60 52
29
30
53 12
45 90
31
38 85
32
33
31 97
34
25 26
18 72
35
12 33
36
37
6 09
Dues paid in advance
37
49
95
92
70
125
55
105
134
113
140
170
243
232
160
210
275
293
329
274
337
363
320
720
w it h
Total Value
$7,438
9,290
16,955
15,428
11,006
18.387
7,549
13,407
15,866
12,362
14,088
15,663
20.387
17.608
10,897
12,709
14.608
13,448
12,781
8,759
8,512
6,795
3,945
4,384
48
40
60
40
10
50
30
45
94
20
20
80
70
80
60
20
00
70
65
78
62
36
60
80
304 00
$292,588 18
Dues capital .
Profits capital
Unpaid dues .
$244,300 00
46,608 18
1,680 00
$292,588 18
No. 8]
121
BANK COMMISSIONER
o n O ct . 31, 1907
of real estate loans
.
214
size of same
.
. $1,279 91
rate of interest thereon
5 .0 0
of share loans .
.
36
size of same
.
..
$222 92
rate of interest thereon
5 .0 0
L oans
S h ar es
Number issued during year
.
. 1,108
“
withdrawn “
.
551
“
retired
“
.
. 6 6
“
matured
“
52
“
in force Oct. 31, 1907
. 4,941
“
borrowed upon Oct. 31, 1907 1,585
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.75
Number
Average
“
Number
Average
“
P ro f its
d ist r ib u t e d
First term, 2-J%; second term, 2-J% __
M e m b e r sh ip
Number added during year .
.
106
“
withdrawn “
.
. 6 9
“
of members Oct. 31, 1907.
732
“
“ borrowers
“
“ .
232
“
“ non-borrowers “
“ .
500
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .18
Percentage of increase in assets dur
ing year .
.
.
.
8.73
Proportion of profits retained on voluntary
withdrawals, 2 5 % on shares less than 5
years old; after 5 years, none
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , 8270,100; 6 % , $300
Share: 5 % , $8,025
D ate
T o tal E x p e n s e s
fo r
of
Y
Salaries!
$627
.2105
Amount paid for
Per cent, of total assets
E x a m in a t io n , Ju l y 25
ear
Other Expenses
$296 52
.0995
Total
$923 52
.3100
MIDDLESEX CO-OPERATIVE BANK, LOW ELL
President, Je sse H. S h ep a r d
Secretary and Treasurer, W
Security Committee: Jo h n M. K in g s b u r y , W
Incorporated Nov. 2, 1892
il l ia m
il l ia m
D. B r o w n
M. S h e r w e l l , G eo r g e A. R o per
Began business Nov. 3, 1892
Regular meetings the last Friday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Mssefs
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.,
Unpaid interest .
“
fines
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $319,645 00
.
16,915 00
1,425 75
2,265 35
138 47
6,196 89
$346,586 46
Liabilities
Dues capital .
. $292,286 00
.
51,272 08
Profits capital
Guaranty fund
1,118 69
1,909 69
Surplus .
$346,586 46
122
REPORT OF THE
R e c eip ts
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
and
e n d in g
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
Dues capital .
877,002 00
Real estate loans eliminated by foreclosure
1,300 00
R. E. loans eliminated by
maturity of shares
1,100 00
Real estate loans repaid .
25,315 00
Share loans repaid .
10,245 00
Interest
15,682 95
Premiums
2 50
Fines
.
.
.
.
464 06
Transfer fees .
3 75
Withdrawal profits .
477 34
Forfeited profits
53
Cash on hand Oct. 31, 1906
20,629 88
8152.223 01
Disbursements
Dues capital withdrawn . 832,501 00
“
forfeited
14 00
“
matured
19,883 00
Profits capital withdrawn
4,236 73
“
forfeited .
2 10
“
matured .
7,588 41
Real estate loans
66,150 00
Share loans
12,870 00
Real estate by foreclosure
1,425 75
Interest
.
.
.
13 50
Temporary expense
.
1,341 63
Cash on hand Oct. 31, 1907
6,196 89
8152,223 01
[Pub. Doc
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
Value
Shares
Series per
Share in Force
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
7 8198 33
8
187 17
9
176 24
10
165 69
11
155 46
12
145 55
135 92
13
14
126 60
15
117 55
108 76
16
17
100 21
18
91 83
19
83 69
75 73
20
21
67 98
22
60 40
23
53 04
24
45 83
38 80
25
26
31 95
27
25 26
28
18 72
12 33
29
30
6 09
w it h
Total Value
815,668
10,107
11,631
7,456
14,302
19,503
13,184
9,621
15,399
21,643
12,225
18,825
21,843
19,916
28,211
12,382
18,457
13,015
14,123
9,489
16,368
9,809
9,383
4,287
79
54
66
45
92
134
97
76
131
199
122
205
261
263
415
205
348
284
364
297
648
524
761
704
07
18
84
05
32
70
24
60
05
24
62
15
09
99
70
00
92
72
20
15
48
28
13
36
8346.856 08
Dues capital .
Profits capital
Unpaid dues .
.
.
.
.
.
.
8292,286 00
51,272 08
3,298 00
8346.856 08
Sh a r e s
Number issued during year
.
. 1,622
“
withdrawn “
.
. 1,018
“
forfeited
“
.
.
7
“
matured
“
.
.
137
“
in force Oct. 31, 1907
. 6,374
“
borrowed upon Oct. 31, 1907 2,078
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.40
Number
Average
“
Number
Average
“
L o an s o n O ct . 31, 1907
of real estate loans
.
190
size of same
.
. 81,682 34
rate of interest thereon
5 .0 0
of share loans .
.
41
size of same
.
.
8412 56
rate of interest thereon
5 .0 0
P ro f its
d ist r ibu t e d
First term, 2-J%; second term, 2 ^ %
M e m b e r sh ip
Number added during year .
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R ates
on
L o an s O c t . 31, 1907
R. E .: 5 % , $319,645
Share: 5 % , 816,915
171
133
759
231
528
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 88
Percentage of increase in assets dur
ing year
.
.
.
.
8.91
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; 1 0 % on series over 4 years old
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
fo r
o f
Y
Salaries
81,085 52
.3132
E x a m in a t io n , M a y 14
ear
Other Expenses
Total
8256 11
81,341 63
.0739
.3871
BANK COMMISSIONER
No. 8]
123
MILFORD CO-OPERATIVE BANK, MILFORD
President, R. C. E l d r id g e
Secretary and Treasurer, W
alter
F. M a n n
Security Committee: Lucius E. H e a t h , D a n ie l J. Cr o n a n , Ch e s t e r L. C l a r k
Incorporated March 31, 1887
Began business April 1, 1887
Regular meetings the first Monday of^each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assefs
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Temporary expense account .
Cash in hands of treasurer
Liabilities
. $331,709 00
Dues capital .
57,111 00
Profits capital
4,500 00
Guaranty fund
1,847 54
Surplus .
1,663 88
Interest
56 32
Fines
4 00
Transfer fees .
86 95
Withdrawal profits .
40 35
Forfeited share account
. $373,395 00
.
20,580 00
1,211 05
156 36
68 27
1,608 36
$397,019 04
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans repaid
Share loans repaid
Interest
Fines
Transfer fees .
Withdrawal profits
Cash on hand Oct. 31, 1907
D
00
00
00
06
13
00
17
55
$179,058 91
s
$26,905 00
Dues capital withdrawn
8,508 00
“
“
retired
20,550 00
“
“
matured
4,843 77
Profits capital withdrawn
“
“
retired
2,389 95
7,047 24
“
“
matured
94,380 00
Real estate loans
11,360 00
Share loans
132 66
Interest
1,333 93
Temporary expense
1,608 36
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f its C a p it a l
ear
$77,956
72,275
7,641
19,685
582
42
370
507
$179,058 91
$397,019 04
.
a t e
o p
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Series per
Share
18 $192 41
182 41
19
172 63
20
21
163 02
22
153 59
144 36
23
135 33
24
126 47
25
117 76
26
109 24
27
28
100 87
92 66
29
84 63
30
76 74
31
32
69 03
61 47
33
54 08
34
46 86
35
39 81
36
32 94
37
38
26 23
39
19 69
13 31
40
41
7 08
1 00
42
Dues paid in advance
w it h
Shares
Force
Total Value
45
51
125
245
107
79
79
24
53
391
440
145
191
174
89
152
442
643
112
758
643
373
327
788
166
$8,658
9,302
21,578
39,939
16,434
11,404
10,691
3,035
6,241
42,712
44,382
13,435
16,164
13,352
6,143
9,343
23,903
30,130
4,458
24,968
16,865
7,344
4,352
5,579
166
in
45
91
75
90
13
44
07
28
28
84
80
70
33
76
67
44
36
98
72
52
89
37
37
04
00
288 00
$390,879 00
Dues capital .
Profits capital
Unpaid dues .
$331,709 00
57,111 00
2,059 00
$390,879 00
[Pub. Doc.
REPORT OF THE
124
o n O ct . 31, 1907
of real estate loans
.
337
size of same
.
. $1,108 00
rate of interest thereon
5 .0 8
of share loans
.
.
135
size of same
.
. $152 44
rate of interest thereon
5 .01
L oans
Sh a r e s
Number issued during year
.
. 1,194
“
withdrawn
“
.
.
454
“
retired
“
.
.
66
“
matured
“
.
.
137
“
in force Oct. 31, 1907
. 6,642
“
borrowed upon Oct. 31, 1907 2,648
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.02
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 2 ^ % ; second term, 2 J %
M e m b e r sh ip
Number added during year .
.
“
withdrawn
“
.. 9 3
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
136
M is c e l l a n e o u s
946
355
591
Percentage of surplus and guaranty
fund to dues and profits capital
1 .63
Percentage of increase in assets dur
ing year
.
.
.
7 .2 9
Proportion of profits retained on voluntary
withdrawals, one half of last dividend
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $343,595; 5 | % , $1,300; 5\% ,
$1,500; 6 % , $23,350; 6 |% , $1,450; 6 ^ % ,
$1,000; 6 f % , $1,200
Share: 5 % , $20,380; 5 i% , $50; 6 % , $150
D ate
T o ta l E x p e n s e s
for
of
Y
Salaries
Amount paid for
.
Per cent, of total assets
.
.
.
.
.
$867 46
.
.2185
E x a m in a t io n , Ju n e 20
ear
Other Expenses
Total
$466 47
.1175
$1,333 93
.3360
MT. W ASHINGTON CO-OPERATIVE BANK, SOUTH BOSTON
President, T h o s . J. G ib l in
Secretary and Treasurer, Jo h n M . S h e a
Security Committee: Jo h n H. G i b l in , Ch a s . P. M o o n e y , F r a n k J. H a n n o n
Incorporated June 20, 1893
Began business June 21, 1893
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $301,300 00
.
19,135 00
4,524 34
140 00
995 62
2,955 82
$329,050 78
Liabilities
. $281,630 00
Dues capital .
.
32,531 56
Profits capital
890 00
Guaranty fund
6,372 05
Surplus.
7,007 96
Interest
.
5 55
Premiums
240 61
Fines
50
Transfer fees .
255 11
Withdrawal profits .
13 44
Forfeiture profits
104 00
Forfeited share account
$329,050 78
R e c eip t s
and
e n d in g
125
BANK COMMISSIONER
No. 8]
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
$84,371 00
Dues capital .
Real estate loans elimi
2,250 00
nated by foreclosure
54,800 00
Real estate loans repaid .
15,501 00
Share loans repaid .
2,932 61
Real estate by foreclosure
15,081 84
Interest
12 91
Premiums
531 77
Fines
.
.
.
.
2 00
Transfer fees .
611 23
Withdrawal profits .
19 07
Forfeited profits
134 80
Forfeited share account .
8,625 76
Cash on hand Oct. 31, 1906
$184,873 99
Disbursements
Dues capital withdrawn . $53,667 00
982 00
“
“
forfeited
6,402 00
“
“
matured
7,643 73
Profits capital withdrawn
112 25
“
“
forfeited .
2,221 38
“
“
matured .
93,150 00
Real estate loans
12,975 00
Share loans
2,754 73
Real estate by foreclosure
159 53
Interest
1,647 75
Temporary expense
202 80
Forfeited share account .
2,955 82
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
D
a t e
o f
June,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
Value
Series per
Share in Force
5 $199 90
192 59
6
181 88
7
8
171 47
9
161 40
151 59
10
11
140 51
12
131 32
122 39
13
14
113 71
105 25
15
97 00
16
88 94
17
81 10
18
73 44
19
65 97
20
21
58 68
22
51 56
44 61
23
24
37 81
25
31 16
24 66
26
18 30
27
28
12 08
29
6 00
Dues paid in advance
7
5
71
63
31
37
31
68
73
167
39
108
198
328
332
226
320
379
541
568
476
436
858
802
908
w it h
Total Value
$1,399
962
12,913
10,802
5,003
5,608
4,355
8,929
8,934
18,989
4,104
10,476
17,610
26,600
24,382
14,909
18,777
19,541
24,134
21,476
14,832
10,751
15,701
9,688
5,448
30
95
48
61
40
83
81
76
47
57
75
00
12
80
08
22
60
24
01
08
16
76
40
16
00
131 00
$316,464 56
$184,873 99
Dues capital .
Profits capital
Unpaid dues .
$281,630 00
32,531 56
2,303 00
$316,464 56
REPORT OF THE
12(3
[Pub. Doc.
\
S h ar es
o n O ct . 31, 1907
of real estate loans
.
139
size of same
.
-. $2,167 63
rate of interest thereon
5 .0 4
of share loans
.
.
76
size of same
.
.
$251 78
rate of interest thereon
5 .0 0
L oans
Number issued during year
.
. 1,958
“
withdrawn
“
.
. 1,467
forfeited
“
.
. 2 9
“
matured
“
.
. 4 3
“
in force Oct. 31, 1907
. 7,072
“
borrowed upon Oct. 31, 1907 1,994
Average number held by each mem
ber Oct. 31, 1907
.
.
.1 0 .6 2
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 2|-%; second term, 2\%
M e m b e r sh ip
Number added during year .
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
184
166
666
188
478
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .31
Percentage of increase in assets dur
ing year
.
.
.
.
9 .31
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old;
2 0 % on
seriesfrom4
years old;
15% on
seriesfrom5
years old;
.10% on
seriesfrom6
years old; 5 % on series from 7 to 8 years
old; after 8 years, none
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $289,100; 6 % , $8,150; 6 .3 0 % ,
$4,050
Share: 5 % , $19,135
D ate
of
E x a m in a t io n , Ju l y 29
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
.
.
fo r
Y
ear
Salaries
Other Expenses
Total
$1,154 30
.
.3508
$493 45
.1500
$1,647 75
.5008
NEEDHAM CO-OPERATIVE BANK, NEEDHAM
President, A l b e r t E. M il l e r
Secretary and Treasurer, W . G. MOs e l e y
Security Committee: H . A . Cr o s s m a n , E. G. P o n d , F. G. C l e w s , A . M . M il l e r ,
C h a s . E. B o u r n e
Incorporated April 21, 1892
Began business May 9, 1892
Regular meetings the second Wednesday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Permanent expense account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $142,350
7,368
850
2,478
00
00
00
86
Liabilities
Dues capital .
$129,834 00
Profits capital
20,336 59
Guaranty fund
850 00
Surplus .
.
.
.
2,023 27
Forfeited share account .
3 00
to5
to6
to7
No. 8]
BANK COMMISSIONER
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O cto ber 31, 1907
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P ro f its C a p it a l
ear
Receipts
Dues capital .
$52,844 00
Real estate loans repaid .
14*850 00
Share loans repaid .
5,802 00
Interest
8,035 47
Premiums
409 60
Fines
.
.
.
.
116 87
Transfer fees .
2 25
Withdrawal profits .
407 14
Forfeited share account
3 00
Cash on hand Oct. 31, 1906
2,850 80
$85,321 13
Disbursements
Dues capital withdrawn . $21,448 00
“
matured
2,940 00
Profits capital withdrawn
2,844 07
“
matured .
1,307 43
Real estate loans
44,261 25
Share loans
8,275 00
Temporary expense
866 70
Permanent expense
899 82
Cash on hand Oct. 31, 1907
2,478 86
$85,321 13
127
Value
Shares
per Share in Force
Date or Issue Series
May,
May,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
9 $198 00
11
174 94
13
153 22
14
142 83
15
132 75
122 96
16
17
113 46
18
104 23
95 27
19
20
86 57
21
78 13
22
69 93
23
61 97
24
54 24
25
46 74
26
39 46
32 39
27
28
25 52
18 85
29
30
12 38
31
6 10
1896
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
w it h
Total Value
17
33
42
18
66
28
100
5
60
98
78
102
128
85
250
152
405
430
571
804
989
$3,366
5,773
6,435
2,570
8,761
3,442
11,346
521
5,716
8,483
6,094
7,132
7,932
4,610
11,685
5,997
13,117
10,973
10,763
9,953
6,032
00
02
24
94
50
88
00
15
20
86
14
86
16
40
00
92
95
60
35
52
90
104 00
Dues paid in advance
$150,814 59
■
Dues capital .
Profits capital
Unpaid dues .
$129,834 00
20,336 59
644 00
$150,814 59
S h a r es
Number issued during year
.
. 2,103
“
withdrawn “
.
.
943
“
forfeited
“
3
“
matured
“
21
“
in force Oct. 31, 1907
. 4,461
“
borrowed upon Oct. 31, 1907
915
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.57
Number
Average
“
Number
Average
“
L o ans on O ct . 31, 1907
of real estate loans
.
88
size of same
.
. $1,617 61
rate of interest thereon
6 .3 0
of share loans .
.
29
size of same
.
.
$254 07
rate of interest thereon
6 .3 0
P r o f it s
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M e m b e r s h ip
\
Number added during year .
.
“
withdrawn “
.
.
“
of members Oct.31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R ates
on
L o a n s O c t . 31, 1907
R. E .: 6 .3 0 % , $142,350
Share: 6 .3 0 % , $7,368
241
109
589
114
475
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.91
Percentage of increase in assets dur
ing year
.
.
.
.
26.7 2
Proportion of profits retained on voluntary
withdrawals, the last dividend
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
for
E x a m in a t io n , O cto ber 29
of
Y
ear
Salaries
$632
.4129
Other Expenses
$234 70
.1534
Total
$866 70
.5663
[Pub. Doc
REPORT OF THE
1 28
N E W BEDFORD CO-OPERATIVE BANK, N E W BEDFORD
President, G e o . R . S t e t s o n
Security Committee: W
m.
Secretary, Ch a r l e s R. P r ice
Treasurer, E d g a r L ord
A. K i r b y , B e n j . F. B r o w n e l l , L ot B. B a t e s
Incorporated July 11, 1881
Began business Aug. 19, 1881
Regular meetings the third Friday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
A s.sets
Loans on real estate
$405,886 54
Less due on mtge. loans
1,750 00 $404,136 54
.
33,025 00
“
“ shares .
277 56
Real estate by foreclosure, etc.
2,568 00
Unpaid dues
1,043
59
“
interest .
152 88
“
fines
.
12,547 34
Cash in hands of treasurer
Liabilities
. $373,424 00
Dues capital .
.
62,590 81
Profits capital
9,088 80
Guaranty fund
8,605 23
Surplus .
26 67
Forfeited share account
13 40
Advance interest
2 00
Suspense account
$453,750 91
$453,750 91
R e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
ear
Receipts
$112,338 00
Dues capital .
Real estate loans repaid .
76,750 00
27,575 00
Share loans repaid .
25,100 00
Uncompleted mtge. loans
23,318 76
Interest
Fines
.
.
.
.
'463 92
Transfer fees .
75
Withdrawal profits .
736 84
Matured share account
616 44
Cash on hand Oct. 31, 1906
2,193 41
$269,093 12
Disbursements
Dues capital withdrawn . $58,668 00
“
“
retired
13,040 00
16^754 00
“
matured
Profits capital withdrawn
8,280 99
“
retired
4,906 84
“
“
matured .
6,324 72
Real estate loans
80,350 00
Share loans
29,900 00
Uncompleted mtge. loans
30,150 00
Real estate by foreclosure
9 02
Interest
306 08
Temporary expense
2,375 15
Forfeited share account .
37 95
1 78
Retired share account
Matured share account
5,441 25
Cash on hand Oct. 31, 1907
12,547 34
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
Date
of Issue
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
Value
Series per
Share in Force
30 $198 60
187 45
31
32
176 65
166 13
33
34
155 97
35
146 08
36
136 44
127 12
37
38
118 05
39
109 22
40
100 61
41
92 21
42
84 02
43
76 03
44
68 23
45
60 62
53 20
46
45 96
47
48
38 90
32 01
49
25 29
50
18 73
51
12 33
52
53
6 09
Dues paid in advance
54
97
121
79
133
104
104
142
161
195
191
159
225
213
260
354
363
505
670
604
936
1,144
1,105
1,356
w it h
Total Value
$10,724
18,182
21,374
13,124
20,744
15,192
14,189
18,051
19,006
21,297
19,216
14,661
18,904
16,194
17,739
21,459
19,311
23,209
26,063
19,334
23,671
21,427
13,624
8,258
40
65
bb
27
01
32
76
04
05
90
51
39
50
39
80
48
60
80
00
04
44
12
65
04
1,052 00
$436,014 81
$269,093 12
Dues capital .
Profits capital
$373,424 00
62,590 81
$436,014 81
BANK COMMISSIONER
No. 8]
S h a r es
Number issued during year
.
. 2,828
“
withdrawn “
.
. 1,860
“
retired
“
.
.
90
“
matured
“
.
. 1 1 4
“
in force Oct. 31, 1907
. 9,275
“
borrowed upon Oct. 31, 1907 3,130
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.84
Number
Average
“
Number
Average
“
129
L o a n s o n O ct . 31, 1907
of real estate loans
.
235
size of same
.
. $1,719 73
rate of interest thereon
5 .4 8
of share loans .
.
100
size of same
.
.
$330 25
rate of interest thereon
5 .5 0
P r o f its
d is t r ib u t e d
First term, 2-J%; second term, 2J%
M e m b e r sh ip
Number added during year
.
.
344
“
withdrawn “
.
.
233
“
of members Oct. 31, 1907. 1,182
“
“ borrowers
“
“
.
335
“
“ non-borrowers “
“
.
847
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .0 6
Percentage of increase in assets dur
ing year
.
.
.
.
3 .2 4
Proportion of profits retained on voluntary
withdrawals, one half of last dividend
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 i% , 8397,661.54; 6 .0 6 % , $5,475;
6 . 12% , $1,000
D a t e of E x a m in a t io n , O c t o b e r 31,
N o vem ber 1
Share: 5 £ % , $32,850; 6 % , $175
T o ta l E x p e n s e s
fo r
Y
Salaries
Amount paid for
.
Per cent, of total assets
.
.
.
.
.
.
$1,612
.3553
ear
Other Expenses
Total
$763 15
.1682
$2,375 15
.5235
NEWBURY PORT CO-OPERATIVE BANK, NEWBURYPORT
President, W . H e r b e r t N o y e s
Secretary and Treasurer, G e o . E. S t ic k n e y
Security Committee: W . H . N o y e s , L. N . K e n t , L. F. B a r t o n , H . A. W
Incorporated March 15, 1888
il so n
Began business April 9, 1888
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
premiums
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
25
65
00
33
93
Liabilities
Dues capital .
. $265,152 00
Profits capital
.
53,852 46
Guaranty fund
2,600 00
Surplus .
3,765 80
Interest
1,677 61
Premiums
85 88
Fines
42 16
Withdrawal profits .
63 25
$327,239 16
$327,239 16
. $316,300
5,600
1,721
87
900
133
2,496
[Pub. Doc
REPORT OF THE
130
R ec eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital
.
.
.
Real estate loans repaid .
Share loans repaid .
.
Interest
.
.
.
Premiums
.
.
.
Fines
.
.
.
.
Transfer fees .
.
.
Withdrawal profits .
.
Cash on hand Oct. 31, 1906
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its C a p it a l
ear
D
$64,247 00
22,900 00
3,675 00
18,155 15
918 93
656 86
5 00
437 77
10,618 02
$121,613 73
Disbursements
Dues capital withdrawn . $25, 248 00
Profits capital withdrawn
5, 335 16
82’ 800 00
Real estate loans
Share loans
3, 125 00
Interest
36 48
538 66
Temporary expense
Permanent expense
33 50
Cash on hand Oct. 31, 1907
496 93
$121,613 73
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per
Share in Force
17 $195 67
18
184 28
173 20
19
162 47
20
152 03
21
22
141 88
132 04
23
122 48
24
25
113 22
104 20
26
95 43
27
28
86 90
78 61
29
70 54
30
62
70
.31
32
55 08
33
47 63
34
40 39
35
33 36
36
26 51
37
19 85
38
13 38
7 10
39
40
1 00
w it h
Total Value
10
66
83
148
5
121
138
186
243
176
126
308
293
166
175
166
319
271
420
359
431
460
764
421
$1,956
12,162
14,375
24,045
760
17,167
18,221
22,781
27,512
18,339
12,024
26,765
23,032
11,709
10,972
9,143
15,193
10,945
14,011
9,517
8,555
6,154
5,424
421
Dues paid in advance
70
48
60
56
15
48
52
28
46
20
18
20
73
64
50
28
97
69
20
09
35
80
40
00
116 00
$321,309 46
Dues capital .
Profits capital
Unpaid dues .
Suspense dues
$265,152
53,852
2,224
81
00
46
00
00
$321,309 46
o n O c t . 31, 1907
of real estate loans
.
226
size of same
.
. $1,399 55
rate of interest thereon
6 .3 0
of share loans .
.
19
size of same
.
.
$294 74
rate of interest thereon
6 .3 0
L oans
Sh a r e s
Number issued during year
.
. 1,324
“
withdrawn “
.
.
488
“
in force Oct. 31, 1907
. 5,855
borrowed upon Oct. 31, 1907 1,751
“
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.93
Number
Average
“
Number
Average
“
P r o f it s
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
.
. 8
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
R ates
on
L o an s O ct . 31, 1907
R. E .: 6 .3 0 % , $316,300
Share: 6 .3 0 % , $5,600
D ate
of
176
6
845
245
600
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .0 0
Percentage of increase in assets dur
ing year
.
.
.
.
18.75
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 7
years old; after 7 years, none
E x a m in a t io n , O cto ber 4
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
for
Y
ear
Salaries
Other Expenses
Total
$1,296
.3960
$1,261 86
.3856
$2,557 86
.7816
No. 8]
BANK COMMISSIONER
131
NEW TON CO-OPERATIVE BANK, NEW TONVILLE
President, Ja m e s W . F r e n c h
Secretary and Treasurer, J. C h e e v e r F u l l e r
Security Committee: Ja m e s W . F r e n c h , H e n r y H . H u n t , F r a n k J. H a l e ,
A lo n zo R. W e e d , W il l ia m M. F l a n d e r s
Incorporated June 14, 1888
Began business Sept. 4, 1888
Regular meetings the first Tuesday of each month
B a l a n c e Sh e e t , O c t o b e r 31, 1907
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account .
Suspense account
Cash in hands of treasurer .
R e c eip t s
and
e n d in g
. $705,050 00
.
17,125 00
.
13,850 00
925 48
651 12
298 68
1,962 03
Liabilities
Dues capital .
. $620,448 00
Profits capital
.
99,624 01
Guaranty fund
8,800 00
Surplus .
4,177 36
Interest
6,353 88
Premiums
3 85
Fines
123 08
Withdrawal profits .
332 13
$739,862 31
$739,862 31
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
$167,652 00
Real estate loans eliminated by foreclosure
2,200 00
Real estate loans repaid . 126,600 00
Share loans repaid .
18,050 00
Mortgages
1,900 00
Real estate by foreclosure
22,993 54
Interest
35,893 98
Premiums
29 31
Fines
.
688 11
Withdrawal profits .
1,082 79
Suspense account
395 74
Cash on hand Oct. 31, 1906
4,078 27
$381,563 74
Disbursements
Dues capital withdrawn . $112,238
“
retired
22,480
Profits capital withdrawn
16,784
“
retired
7,696
Real estate loans
184,225
Share loans
21,850
Mortgages
4,150
Real estate by foreclosure
4,159
Interest
249
Temporary expense
4,418
Suspense account .
1,349
Cash on hand Oct. 31, 1907
1,962
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its C a p it a l
ear
00
00
82
64
00
00
00
68
75
38
44
03
D
a t e
o f
I
ssu e
Sept., 1895
Mar., 1896
Sept., 1896
Mar., 1897
Sept., 1897
Mar., 1898
Sept., 1898
Mar., 1899
Sept., 1899
Mar., 1900
Sept., 1900
Mar., 1901
Sept., 1901
Mar., 1902
Sept., 1902
Mar., 1903
Sept., 1903
Mar., 1904
Sept., 1904
Mar., 1905
Sept., 1905
Mar., 1906
Sept., 1906
Mar., 1907
Sept., 1907
Series
Value
15 $196 44
16
185 58
17
175 09
18
164 85
154 92
19
20
145 25
21
135 90
22
126 80
23
117 92
24
109 31
25
100 91
92 69
26
84 70
27
28
76 90
29
69 28
30
61 86
31
54 60
32
47 50
33
40 56
34
33 77
35
27 13
36
20 64
37
14 29
38
8 08
39
2 00
Dues paid in advance
$381,563 74
. Shares
74
230
143
198
224
260
254
299
210
334
323
396
341
399
391
625
531
626
542
873
1,223
1,307
1,483
1,643
1,117
w it h
Total Value
$14,536
42,683
25,037
32,640
34,702
37,765
34,518
37,913
24,763
36,509
32,593
36,705
28,882
30,683
27,088
38,662
28,992
29,735
21,983
29,481
33,179
26,976
21,192
13,275
2,234
56
40
87
30
08
00
60
20
20
54
93
24
70
10
48
50
60
00
52
21
99
48
07
44
00
1,121 00
$723,857 01
Dues capital .
Profits capital
Unpaid dues .
$620,448 00
99,624 01
3,785 00
$723,857 01
[Pub. Doc.
REPORT OF THE
132
Sh a r e s
Number issued during year
.
. 3,541
“
withdrawn “
.
. 2,961
“
retired
“
.
.
153
“
in force Oct. 31, 1907
14,046
“
borrowed upon Oct. 31, 1907 4,121
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.51
Number
Average
“
Number
Average
“
L o an s o n O c t . 31, 1907
of real estate loans
.
380
size of same
.
. $1,855 39
rate of interest thereon
5 .1 4
of share loans .
.
54
size of same
.
.
$317 13
rate of interest thereon
5 .1 2
P r o f it s
d is t r ib u t e d
First term, 2-^%; second term, 2J%
M e m b e r s h ip
Number added during year
.
.
231
M is c e l l a n e o u s
“
withdrawn “
.
.
196
Percentage of surplus and guaranty
“
of members Oct. 31, 1907. 1,477
fund to dues and profits capital
1 .80
“
“ borrowers
“
“ .
426
“
“ non-borrowers “
“ . 1,051 ■ Percentage of increase in assets dur
ing year
.
.
.
.
5 .7 6
Proportion of profits retained on voluntary
R a t e s o n L o a n s O c t . 31, 1907
withdrawals, 2 5 % on series less than 5
R . E .: 5 % , $589,525;
$19,650; 5 .7 0 % ,
years old; 1 0% on series from 5 to 8
$33,300; 6 % , $55,475; 6 .3 0 % , $7,100
years old; after 8 years, none
Share: 5 % , $15,125; 6 % , $2,000
D ate
T o ta l E x p e n s e s
fo r
of
Y
Salaries
$3,000
.4055
Amount paid for
Per cent, of total assets
E x a m in a t io n , O c to b er 11
ear
Other Expenses
$1,418 38
.1917
Total
$4,418 38
.5972
NORTH ABINGTON CO-OPERATIVE BANK, NORTH ABINGTON
President, W m . C. B r e t t
Secretary, E r n e s t W . Ca l k in s
Treasurer, E d w a r d P. B o y n t o n
Security Committee: Jo se p h L . G r e e n w o o d , S a m u e l N . T u r n e r , E r n e s t W . Ca l k in s
Incorporated March 23, 1888
Began business April 4, 1888
Regular meetings the first Wednesday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
3^ “
premiums
■
fines
Temporary expense account .
Cash in hands of secretary .
“
“ treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
77
95
91
70
04
85
Liabilities
. $231,094 00
Dues capital .
.
40,066 39
Profits capital
1,130 00
Guaranty fund
5,426 10
Surplus .
1,497 24
Interest
74 40
Premiums
39 87
Fines
¿>0
Transfer fees .
83 72
Withdrawal profits..
2 00
Forfeited share account
10 00
Office rent
$279,424 22
$279,424 22
. $269,605
4,268
2,000
880
42
153
2
15
2,455
BANK COMMISSIONER
No. 8]
R e c eip t s
and
e n d in g
133
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
D is b u r s e m e n t s , Y e a r
O c to b er 31, 1907
Receipts
Dues capital .
$72,010 00
R. E. loans eliminated by2,000 00
maturity of shares
15,275 00
Real estate loans repaid
4,735 00
Share loans repaid
14,986 38
Interest
762 45
Premiums
516 87
Fines
.
.
.
.
Transfer fees .
3 00
341 22
Withdrawal profits .
22
00
Forfeited share account .
107 00
Office rents
2,564 68
Cash on hand Oct. 31,1906
D
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
$113,323 60
Disbursements
Dues capital withdrawn . $23,304 00
22 00
“
“
forfeited
“
“
matured
5,217 00
3,442 22
Profits capital withdrawn
“
“
forfeited .
1 20
“
“
matured .
2,219 26
70,775 00
Real estate loans
4,620 00
Share loans
74 00
Interest
.
.
.
1,153 69
Temporary expense
24 34
Forfeited share account .
2,470 89
Cash on hand Oct. 31, 1907
I
ssu e
Value
Shares
Series per Share in Force
17 $198 98
18
187 29
175 '94
19
164 92
20
154 22
21
22
143 83
133 75
23
24
123 96
114 46
25
105 23
26
27
96 27
28
87 57
79 13
29
70 93
30
62 97
31
32
55 24
47 74
33
34
40 46
35
33 39
36
26 52
37
19 85
38
13 38
7 10
39
40
1 00
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
w it h
Total Value
30
17
42
60
53
7
77
60
157
180
137
130
241
201
273
345
322
342
394
646
630
650
973
642
$5,969
3,183
7,389
9,895
8,173
1,006
10,298
7,437
17,970
18,941
13,188
11,384
19,070
14,256
17,190
19,057
15,372
13,837
13,155
17,131
12,505
8,697
6,908
642
Dues paid in advance
40
93
48
20
66
81
75
60
22
40
99
10
33
93
81
80
28
32
66
92
50
00
30
00
326 00
$272,991 39
$113,323 60
Dues capital .
Profits capital
Unpaid dues .
$231,094 00
40,066 39
1,831 00
$272,991 39
Sh a r e s
o n O ct . 31, 1907
of real estate loans
.
220
size of same
.
. $1,225 48
rate of interest thereon
6 .3 0
of share loans
.
.
23
size of same
.
. $185 57
rate of interest thereon
6 .3 0
L oans
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,906
“
-withdrawn “
.
.
853
“
forfeited
“
12
“
matured
“
37
“
in force Oct. 31, 1907
. 6,609
“
borrowed upon Oct.31, 1907
1,482
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.89
P r o f it s
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
. .
“
of members Oct. 31,
1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R ates
on
263
126
959
237
722
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .4 2
Percentage of increase in assets dur
ing year
.
.
.
.
2 3.5 8
Proportion of profits retained on voluntary
withdrawals, 2 5 %
L o a n s O ct . 31, 1907
R. E .: 6 .3 0 % , $269,605
Share: 6 .3 0 % , $4,268
D ate
T o tal E x p e n s e s
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
for
of
Y
E x a m in a t io n , O c t o b er 8
ear
Salaries
Other Expenses
Total
$748
.2677
$405 69
.1452
$1,153 69
.4129
[Pub. Doc
REPORT OF THE
134
NORTHAMPTON CO-OPERATIVE BANK, NORTHAMPTON
President, L. L. Ca m p b e l l
Secretary and Treasurer, H. R. G r a v e s
Security Committee: Ja m e s W . O’ B r ie n , A l v in M. L o c k e , L. L. Ca m p b el l
Incorporated May 21, 1899
Began business May 24, 1899
Regular meetings the first Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Permanent expense account .
Personal accounts
Cash in hands of treasurer .
Liabilities
$407,148 00
Dues capital .
75,400 62
Profits capital
2,071 23
Guaranty fund
4,272 42
Surplus .
73 60
Forfeited share account .
. $446,050 00
.
13,195 00
9,050 00
.
11,805 52
2,027 53
4 05
468 19
300 00
831 47
5,234 11
$488,965 87
$488,965 87
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
R e c e ip t s
a n d D is b u r s e m e n t s , Y e a r
e n d in g O c t o b er 31, 1907
Receipts
D
. $104,998 00
Dues capital .
Real estate loans elimi
00
nated by foreclosure
00
Real estate loans repaid
00
Share loans repaid .
00
Mortgages
13
Real estate by foreclosure
16
Interest
30
Premiums
69
Fines
00
Transfer fees .
24
Withdrawal profits .
22
Profit and loss
93
Personal accounts .
37
Cash on hand Oct. 31, 1906
$243,201 04
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
Share loans
Mortgages
Real estate by foreclosure
Surplus .
Temporary expense
Permanent expense
Forfeited share account
Personal accounts .
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
56
00
00
00
20
07
20
90
69
31
11
$243,201 04
a t e
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
15 $191 95
180 68
16
17
169 79
18
159 18
148 91
19
138 82
20
21
129 10
22
119 69
110 56
23
24
101 72
25
93 15
84 80
26
76 65
27
28
68 72
61 00
29
53 52
30
31
46 20
32
39 07
32 13
33
34
25 36
18 77
35
12 34
36
37
6 09
13
38
114
136
125
193
229
252
393
319
289
271
385
384
439
291
418
465
627
565
861
820
1,159
Total Value
$2,495
6,865
19,356
21,648
18,613
26,792
29,563
30,161
43,450
32,448
26,920
22,980
29,510
26,388
26,779
15,574
19,311
18,167
20,145
14,328
16,160
10,118
7,058
Dues capital .
Profits capital
Unpaid dues .
35
84
06
48
75
26
90
88
08
68
35
80
25
48
00
32
60
55
51
40
97
80
31
433 00
Dues paid in advance
'
w it h
$485,273 62
$407,148 00
75,400 62
2,725 00
$485,273 62
IK,
o n O ct . 31, 1907
of real estate loans
.
311
size of same
.
. $1,434 24
rate of interest thereon
6 .01
of share loans .
.
73
size of same
.
.
$180 75
rate of interest thereon
6 .0 0
L oans
Sh a r e s
Number issued during year
.
. 2,102
“
withdrawn “
.
. 1,267
“
in force Oct. 31, 1907
. 8,786
“
borrowed upon Oct. 31, 1907 2,352
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.26
Number
Average
“
Number
Average
“
P r o f its
M e m b e r sh ip
Number
“
“
“
“
135
BANK COMMISSIONER
No. 8]
added during year
withdrawn “
of members Oct. 31,
“ borrowers
“
“ non-borrowers “
.
. 222
.
.
144
1907. 1,210
“ .
379
“ .
831
R a t e s o n L o an s O ct . 31, 1907
E .: 6 % , $429,450; 6 .3 0 % , $14,800;
6 .6 0 % , $1,800
Share: 6 % , $13,195
R.
d ist r ib u t e d
First term, 2 f % ; second term, 2 f %
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.31
Percentage of increase in assets dur
ing year
.
.
.
.
14.53
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; after 4 years, none
D ate
T o ta l E x p e n s e s
of
Y ear
Salaries
OtherJExpenses
fo r
$1,175
.2403
Amount paid for
Percent. of^totaFassets
E x a m in a t io n , S e p t e m b e r 19
$383 20
.0784
Total
$1,558 20
.3187
NORTH DIGHTON CO-OPERATIVE BANK, NORTH DIGHTON
President, D a n ie l Cr o t t y
Secretary, N a t h a n ie l R . L in co l n
Treasurer, E . E l l s w o r t h L in c o l n
Security Committee: E d w a r d A l m y , C h a r l e s F. I n g a l l s , J o h n P. D a r y
Incorporated April 14, 1890
Began business April 21, 1890
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Temporary expense account .
Pass book account
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$83,800
2,355
51
8
6,379
00
00
05
80
21
$92,594 06
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Interest
Fines
.
.
.
\
Transfer fees .
.
/
$75,866
12,026
810
1,599
2,136
00
12
16
04
17
156 57
$92,594 06
136
REPORT OF THE
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it al
ear
Receipts
Dues capital .
$18,851 00
R. E . loans eliminated by
maturity of shares
1,000 00
Real estate loans repaid .
14,145 00
Share loans repaid .
2,065 00
Interest
4,276 69
Fines
.
.
.
.
257 83
Transfer fees .
1 25
Pass book account .
4 70
1,778 84
Cash on hand Oct. 31, 1906
D
$7,125
2,030
974
779
22,720
2,180
192
6,379
a t e
I
o f
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
Apr.,
$42,380 31
Disbursements
Dues capital withdrawn .
“
matured
Profits capital withdrawn
“
matured .
Real estate loans
Share loans
Temporary expense
Cash on hand Oct. 31, 1907
[Pub. Doc.
00
00
54
52
00
00
04
21
ssu e
Series
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
Value
Shares
per Share in Force
7 $184 45
8
163 50
9
143 72
10
125 08
11
107 48
12
90 87
75 13
13
14
60 14
15
45 87
32 28
16
17
19 33
18
7 00
w it h
Total Value
44
56
46
80
117
75
109
87
116
241
308
379
$8,115
9,156
6,611
10,006
12,575
6,815
8,189
5,232
5,320
7,779
5,953
2,653
Dues paid in advance
80
00
12
40
16
25
17
18
92
48
64
00
120 00
$88,528 12
Dues capital .
Profits capital
Unpaid dues .
$75,866 00
12,026 12
636 00
$42,380 31
$88,528 12
S h a r es
Number issued during year
.
.
396
“
withdrawn “
.
.
169
“
matured
“
14
“
in force Oct, 31, 1907
. 1,658
“
borrowed upon Oct. 31, 1907
548
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.35
Number
Average
“
Number
Average
“
L o an s o n O c t . 31, 1907
of real estate loans
.
89
size of same
.
.
$941 57
rate of interest thereon
5 .3 0
of share loans .
.
9
size of same
.
.
$261 66
rate of interest thereon
5 .3 0
P r o f its
M e m b e r sh ip
R ates
on
42
28
225
92
133
M is c e l l a n e o u s
Percentage of .surplus and guaranty
fund to dues and profits capital
2 .7 4
Percentage of increase in assets dur
ing year
.
.
.
.
15.33
Proportion of profits retained on voluntary
withdrawals, none
L o an s O ct . 31, 1907
R. E .: 5 .3 0 % , $83,800
Share: 5 .3 0 % , $2,355
D ate
T o ta l E x p e n s e s
fo r
of
Amount paid for
.
Per cent, of total assets
.
.
.
.
.
.
E x a m in a t io n , Ju l y 24
Y ear
Salaries
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
One term, 5 %
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
$169 50
.1831
Other Expenses
$22 54
.0243
Total
$192 04
.2074
No. 8]
BANK COMMISSIONER
137
NORTH DORCHESTER CO-OPERATIVE BANK, BOSTON
President, P e t e r F. H a n l e y
- Secretary and Treasurer, T h o m a s L . L y o n s
Security Committee: P e t e r F. H a n l e y , J o h n C r o n in , E u g e n e J. Ca l l a n a n
Incorporated July 20, 1907
Began business Aug. 20, 1907
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assefs
Permanent expense account
Temporary expense account
Cash in hands of treasurer
$169 35
15 00
2,015 25
Liabilities
Dues capital .
.
.
Interest
.
.
.
Fines
.
.
.
.
$2,199 60
R e c eip t s
and
e n d in g
Dues capital .
Interest
.
Fines
.
.
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
.
.
.
.
.
.
$2,199 60
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s Ca p it a l
Date
$2,191 00
2 90
5 70
$2,191 00
2 90
5 70
of Issue
Value
Shares
Series per
Share in Force
1
Aug., 1907
$3 00
761
w it h
Total Value
$2,283 00
$2,199 60
Disbursements
Temporary expense
.
Permanent expense
.
Cash on hand Oct. 31, 1907
$2,283 00
$15 00
169 35
2,015 25
Dues capital .
Unpaid dues .
.
.
.
.
.
.
$2,199 60
$2,283 00
S h ar es
Number issued during year
.
.
761
“
in force Oct. 31, 1907
.
761
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.68
M e m b e r s h ip
Number of members Oct. 31, 1907 .
M is c e l l a n e o u s
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; 2 0 % on series from 4 to 6
years old; 10% on series from 6 to 7
years old; 5 % on series from 7 to 8 years
old; after 8 years, none
114
D ate
T o ta l E x p e n s e s
fo r
E x a m in a t io n , D e c e m b e r 18
of
Y
ear
Salaries
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,191 00
92 00
Other Expenses
$15
. 0068
Total
$15
.0068
[Pub. Doc
REPORT OF THE
138
NORTH EASTON CO-OPERATIVE BANK, NORTH EASTON
President, L. B. Cr o c k e t t
Secretary and Treasurer, W m . H. Cl e m e n t s
Security Committee: E. E. P o o l , A. B. S l a d e n , G. H. D e w it t
Incorporated April 23, 1889
Began business April 23, 1889
Regular meetings the third Monday of each month
B a l a n c e S h e e t , O c t o b e r 31, 1907
Loans on real estate
.
.
“
“ shares .
.
.
.
Real estate by foreclosure, etc.
Unpaid interest .
.
.
.
“
premiums
.
.
“
fines
.
.
.
.
Temporary expense account .
Mortgage balance
.
.
Cash in hands of treasurer .
R e c eip t s
and
e n d in g
• 8147,840 00
2,135 00
.
1,578 32
1,178 01
•
15 82
105 81
.
61 25
•
207 51
.
4,693 43
Liabilities
. $125,672 00
Dues capital .
.
25,350 25
Profits capital
2,562 75
Guaranty fund
3,213 56
Surplus .
905 58
Interest
12 40
Premiums
72 98
Fines
25
Transfer fees .
10 04
Withdrawal profits .
15 34
Forfeited share account
8157,815 15
8157,815 15
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
836,242 00
Dues capital .
. _
Real estate loans elimi
1,100 00
nated by foreclosure
31,600 00
Real estate loans repaid
1,810 00
Share loans repaid .
2,168 23
Real estate by foreclosure
8,987 25
Interest
187 20
Premiums
494 15
Fines
1 50
Transfer fees .
141 37
Withdrawal profits
10,400 31
Retired share account
6,016 00
Matured share account
59 50
Surplus .
3,513 82
Cash on hand Oct. 31, 1906
8102,721 33
Disbursements
’ 813,249 00
Dues capital withdrawn
330 00
“
“
forfeited
7,651 00
“
“
retired
4,192 00
“
“
matured
1,979 46
Profits capital withdrawn
72 84
“
“
forfeited
2,572 19
“
“
retired
1,824 00
“
“
matured
46,100 00
Real estate loans
1,990 00
Share loans
910 64
Real estate by foreclosure
177 12
Interest
558 11
Temporary expense
10,400 31
Retired share account
6,016 00
Matured share account
5 23
Profit and loss
4,693 43
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
8102,721 33
D
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
Value
Series per Share in Force
15 8199 55
187 71
16
176 18
17
18
165 07
154 30
19
143 90
20
133 78
21
123 97
22
114 46
23
105 23
24
96 28
25
87 58
26
79 16
27
28
70 97
62 98
29
55 24
30
47 74
31
40 46
32
33 39
33
26 52
34
19 85
35
13 38
36
7 10
37
1 00
38
Dues paid in advance
31
38
46
33
33
29
68
61
74
49
84
72
44
75
179
128
212
181
212
158
380
394
412
270
w it h
Total Value
86,186
7,132
8,104
5,447
5,091
4,173
9,097
7,562
8,470
5,156
8,087
6,305
3,483
5,322
11,273
7,070
10,120
7,323
7,078
4,190
7,543
5,271
2,925
270
05
98
28
31
90
10
04
17
04
27
52
76
04
75
42
72
88
26
68
16
00
72
20
00
123 00
8152,810 25
Dues capital .
Profits capital
Unpaid dues .
8125,672 00
25,350 25
1,788 00
8152,810 25
No. 8]
BANK COMMISSIONER
Sh ares
139
o n O ct . 31, 1907
of real estate loans
.
131
size of same
.
. $1,128 55
rate of interest thereon
6 .1 0
of share loans .
.
11
size of same
.
.
$194 09
rate of interest thereon
6 .0 0
L oans
Number issued during year
.
.
844
“
withdrawn “
.
. 457
“
forfeited
“
. .
6
“
retired
“
.
.
66
“
matured
“
30
“
in force Oct. 31, 1907
. 3,263
“
borrowed upon Oct. 31, 1907
848
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.04
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M e m b e r sh ip
M is c e l e a n e o u s
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31,1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
83
21
406
122
284
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 6 % , $99,415; 6 .3 0 % , $48,425
Share: 6 % , $2,135
Percentage of surplus and guaranty
fund to dues and profits capital
3 .8 2
Percentage of increase in assets dur
ing year
.
.
.
.
9 .2 8
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old; after 5 years, none
D ates
T o ta l E x p e n s e s
fo r
of
Y
Salaries
. $463 41
.0029
Amount paid for
Per cent, of total assets
E x a m in a t io n , A pril 4
and
15
ear
Other Expenses
$94 70
.0006
Total
$558 11
.0035
NORWOOD CO-OPERATIVE BANK, NORWOOD
President, F. O. W
Secretary and'Treasurer, I r v in g S. F ogg
in s l o w
Security Committee: T y l e r T h a y e r , F . A . F a l e s
Incorporated Sept. 20, 1889
Began business Oct. 1, 1889
Regular meetings the first Tuesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid fines
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
38
65
48
Liabilities
Dues capital .
. $276,497 00
Profits capital
.
55,195 11
Guaranty fund
1,750 00
Surplus .
8,169 71
Interest
576 18
Withdrawal profits .
182 51
$342,370 51
$342,370 51
. $334,470
6,822
48
59
970
[Pub. Doc
REPORT OF THE
140
R e c eip ts
and
e n d in g
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f its C a p it a l
D is b u r s e m e n t s , Y e a r
O c to b er 31, 1907
Receipts
$82,618 00
Dues capital .
36,650 00
Real estate loans repaid
6,741 00
Share loans repaid
19,500 24
Interest.
352 22
Fines
1 25
Transfer fees ,
892 61
Withdrawal profits
Forfeited profits
13 76
4,974 86
Personal accounts
90 00
Security committee
Cash on hand Oct. 31, 1906
3,971 28
D
$155,805 22
Disbursements
Dues capital withdrawn
. $27,879 00
“
“
forfeited
.
224 00
“
“
retired
.
14,245 00
“
“
matured
.
2,821 00
Profits capital withdrawn
3,627 99
“
“
forfeited
.
13 76
“
“
retired
.
6,061 30
“
“
matured .
1,199 60
Real estate loans
.
. 88,900 00
Share loans .
.
.
5,249 00
Interest
.
.
.
101 36
Temporary expense
.
898 71
Permanent expense
.
30 48
Personal accounts .
. 3,443 54
Security committee
.
90 00
Surplus .
.
.
.
50 00
Cash on hand Oct. 31, 1907
970 48
$155,805 22
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per Share in Force
14 $198 98
187 29
15
175 94
16
164 92
17
154 22
18
143 83
19
20
133 75
21
123 96
114 46
22
105 23
23
96 27
24
87 57
25
79 13
26
70 93
27
28
62 97
55 24
29
30
47 74
40 46
31
32
33 39
26 52
33
34
19 85
13 38
35
7 10
36
1 00
37
w it h
Total Value
58
48
99
$11,540
8,989
17,418
14,512
26,525
6,184
16,183
25,411
19,687
11,154
4,235
11,821
13,689
13,263
16,309
13,257
18,618
16,588
17,362
15,487
16,058
9,927
8,406
716
8 8
172
43
121
205
172
106
44
135
173
187
259
240
390
410
520
584
809
742
1,184
716
84
92
06
96
84
69
75
80
12
38
88
95
49
91
23
60
60
60
80
68
65
96
40
00
196 00
Dues paid in advance
$333,550 11
$276,497 00
55,195 11
1,858 00
Dues capital .
Profits capital
Unpaid dues .
$333,550 11
o n O ct . 31, 1907
of real estate loans
.
282
size of same
.
. $1,186 06
rate of interest thereon
6 .0 0
of share loans' .
.
52
size of same
.
.
$131 19
rate of interest thereon
6 .0 0
L oans
Sh a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 2,192
“
withdrawn
“
.
.1 ,1 1 7
“
forfeited
“
16
“
retired
“
.
.
105
“
matured
“
.
.
20
“
in force Oct. 31, 1907
. 7,505
“
borrowed upon Oct. 31, 1907 1,870
Average number held by each mem
ber Oct. 31, 1907
.
.
. t .5 3
P
r o f i t s
M e m b e r s h ip
M
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R ates
on
d i s t r i b u
t e d
First term, 3 % ; second term, 3 %
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .9 9
Percentage of increase in assets dur
ing year
.
.
.
.
1 5 .5 8
Proportion of profits retained on voluntary
withdrawals, 2 5 %
242
131
997
262
735
L o a n s O c t . 31, 1907
R. E .: 6 % , $334,470
Share: 6 % , $6,822
D
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
a t e
fo r
of
E
Y
ear
Salaries
$747
.2182
x a m
i n
a t i o n
,
Other Expenses
$151 71
.0443
O
c t o b e r
2 9
Total
$898 71
.2625
BANK COMMISSIONER
No. 8]
141
ORANGE CO-OPERATIVE BANK, ORANGE
President, F r a n k S. E w i n g
Secretary and Treasurer, E l is h a S. H a l l
Security Committee: Ja s . D . K im b a l l , T h o m a s S. M a n n , E l is h a S. H a l l
Incorporated Jan. 8, 1889
Began business Jan. 23, 1889
Regular meetings the fourth Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Common form mortgages
Cash in hands of treasurer
. $108,550
2,075
500
4,207
Liabilities
Dues capital .
.
Profits capital
.
Guaranty fund
Surplus .
Interest
Fines
Withdrawal profits .
00
00
00
80
$115,332 80
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
D
a t e
o p
00
73
76
81
33
82
35
$115,332 80
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
$91,560
14,676
846
6,222
1,913
36
76
I
ssu e
Series
Value
w it h
Shares
Total Value
36
10
33
36
21
14
10
25
91
28
34
94
98
16
114
118
116
67
135
136
242
235
386
91
$6,947
1,820
5,654
5,796
3,169
1,976
1,317
3,063
10,337
2,936
3,278
8,287
7,852
1,156
7,370
6,750
5,795
2,873
4,860
3,980
5,495
3,835
3,890
364
$24,244 00
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Cash on hand Oct. 31, 1906
200
24,250
1,910
1,460
5,992
132
00
00
00
00
59
32
75
215 60
8,097 65
$66,502 91
Disbursements
Dues capital withdrawn . $14,765 00
“
matured
4,752 00
Profits capital withdrawn
2,920 16
“
“
matured .
1,863 87
Real estate loans
34,920 00
Share loans
2^145 00
Mortgages
500 00
Real estate by foreclosure
36 44
Temporary expense
392 64
Cash on hand Oct. 31, 1907
4,207 80
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
15 $192 98
182 00
16
17
171 35
18
161 01
19
150 95
20
141 21
21
131 75
22
122 54
23
113 60
24
104 89
25
96 42
88 17
26
27
80 13
28
72 29
64 65
29
30
57 21
31
49 96
32
42 89
33
36 00
34
29 27
22 71
35
36
16 32
37
10 08
38
4 00
28
00
55
36
95
94
50
50
60
92
28
98
74
64
10
78
36
63
00
72
82
20
88
00
$66,502 91
Dues paid in advance
110 00
$108,922 73
Dues capital .
Profits capital
Unpaid dues .
$91,560 00
14,676 73
2,686 00
$108,922 73
[Pub. Doc
REPORT OF THE
142
S h ar es
Number issued during year
.
.
493
“
withdrawn “
.
.
249
“
matured
“
33
“
in force Oct. 31, 1907
. 2,186
“
borrowed upon Oct. 31, 1907
613
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.19
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
140
size of same
.
.
$775 36
rate of interest thereon
5 .3 0
of share loahs .
.
16
size of same
.
.
$129 69
rate of interest thereon
5 .71
P r o f it s
d is t r ib u t e d
First term, 2%%; second term, 2\c/ c
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.. 2 6
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
49
M is c e l l a n e o u s
353
135
218
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $15,500; 6 % , $93,050
Share: 5 % , $600; 6 % , $1,475
Percentage of surplus and guaranty
fund to dues and profits capital
6 .6 5
Percentage of increase in assets dur
ing year
.
.
.
.
5 .4 1
Proportion of profits retained on voluntary
withdrawals, one half of last dividend
D ate
T o tal E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
E x a m in a t io n , M a y 1
of
Y
ear
Salaries
Other Expenses
$350
.3035
$42 64
.0370
Tetal
$392 64
.3405
PEABODY CO-OPERATIVE BANK, PEABODY
President, P. H. O ’ C o n o r
Secretary and Treasurer, H. F. W
alker
Security Committee: T h o s . H . Ja c k m a n , L e v i P r e s t o n , Ju s t u s J o n es
Incorporated May 28, 1888
Began business June 16, 1888
Regular meetings the third Saturday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account .
Cash in hands of treasurer
Cash items
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $488,975 00
.
10,000 00
2,800 00
978 22
755 98
1,804 10
96 10
$505,409 40
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Interest
Premiums
Fines
Transfer fees .
Withdrawal profits .
Matured share account
Personal accounts .
. $414,546 00
.
58,426 50
2,127 00
7,085 08
.
11,366 60
26 21
300 09
1 75
89 71
.
10,404 86
1,035 60
$505,409 40
BANK COMMISSIONER
No. 8]
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
Dues capital .
$130,025 00
Real estate loans eliminated by foreclosure
1,500 00
Real estate loans repaid .
75,650 00
Share loans repaid .
7,300 00
1,612 84
Real estate by foreclosure
Interest
26,188 30
Premiums
74 29
Fines
.
.
.
.
689 58
Transfer fees .
2 75
Withdrawal profits .
162 87
Forfeited share account .
585 18
Matured share account
25,531 28
Personal accounts .
1,486 91
Surplus .
.
.
.
103 00
Cash on hand Oct. 31, 1906
1,917 01
$272,829 01
Disbursements
Dues capital withdrawn . $55,964 00
“
forfeited
552 00
“
matured
18,213 00
Profits capital withdrawn
9,277 82
“
forfeited .
116 40
“
matured .
7,320 58
Real estate loans
142,784 00
Share loans
7,150 00
Real estate by foreclosure
1,612 84
Interest
357 33
Temporary expense
2,318 88
Forfeited share account .
585 18
Matured share account
24,232 97
Personal accounts .
443 81
Cash on hand Oct. 31, 1907
1,900 20
143
D
a t e
o f
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
I
ssu e
Series
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
per Share in Force
16 $195 17
184 01
17
18
173 26
162 78
19
20
152 64
21
142 75
22
133 23
23
123 88
24
114 84
25
106 07
26
97 55
27
89 26
28
81 20
29
73 25
30
65 75
31
58 31
32
51 05
33
43 95
34
37 05
35
30 31
36
23 72
37
17 32
38
11 08
39
5 00
w it h
Total Value
115
89
59
101
210
59
37
126
82
204
258
196
312
328
271
240
770
473
934
924
1,253
1,011
1,727
1,343
$22,444
16,376
10,222
16,440
32,054
8,422
4,929
15,608
9,416
21,638
25,167
17,494
25,334
24,026
17,818
13,994
39,308
20,788
34,604
28,006
29,721
17,510
19,135
6,715
55
89
34
78
40
25
51
88
88
28
90
96
40
00
25
40
50
35
70
44
16
52
16
00
232 00
Dues paid in advance
$477,412 50
Dues capital .
Profits capital
Unpaid dues .
$414,546 00
58,426 50
4,440 00
$272,829 01
$477,412 50
Sh a r e s
Number issued during year
. 3,284
“
withdrawn “
. 1,535
“
forfeited
“
8
“
matured
“
127
“
in force Oct. 31, 1907
11,122
“
borrowed upon Oct. 31 , 1907 2,787
Average number held by each member Oct. 31, 1907
. 7 .5 7
Number
Average
“
Number
Average
“
L o an s o n O ct . 31, 1907
of real estate loans
.
368
size of same
.
. $1,328 74
rate of interest thereon
5 .53
of share loans .
.
48
size of same
.
.
$208 33
rate of interest thereon
5 .5 0
P r o f its
d is t r ib u t e d
First term, 2\% ) second term, 2 £ %
M e m b e r sh ip
Number
“
“
“
“
added during year
384
withdrawn “
196
of members Oct. 31, 1907. 1,469
“ borrowers
“
“ .
372
“ non-borrowers “
“ . 1,097
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 i% , $465,425; 6 .3 0 % , $23,550
Share: 5 £ % , $10,000
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .95
Percentage of increase in assets dur
ing year
.
.
.
.
14.92
Proportion of profits retained on voluntary
withdrawals, 10% on series less than 54
months old, after 54 months, none
D ate
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
fo r
E x a m in a t io n , F e b r u a r y 28
of
Y
ear
Salaries
Other Expenses
$1,609
.3184
$709 88
.1405
Total
$2,318 88
.4589
144
[Pub. Doc
REPORT OF THE
PEOPLE’S CO-OPERATIVE BANK, PALL RIVER
President, J o h n H. E s t e s
Secretary and Treasurer, Ch a s . H. D ttrfee
Security Committee: J o h n H. E s t e s , H. P. D a v o l , P a t r ic k K ie r a n , M ic h a e l Sw e e n e y ,
C h a s . H. D u r f e e
Incorporated Feb. 18, 1882
Began business March 15, 1882
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Bonds and notes
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Cash in hands of treasurer
.
.
.
.
$10,000
265,000
11,150
13,360
1,186
171
4,037
00
00
00
85
00
00
51
Liabilities
. $248,258 00
Dues capital .
.
45,984 65
Profits capital
2,515 35
Guaranty fund
8,147 36
Surplus .
$304,905 36
$304,905 36
R e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
Receipts
Dues capital .
$63,467 00
Real estate loans eliminated by foreclosure
3,200 00
58,600 00
Real estate loans repaid .
15,400 00
Share loans repaid .
Real estate by foreclosure
1,196 67
16,958 65
Interest
.
.
417 44
Fines
.
.
.
.
Cash on hand Oct. 31, 1906
14,195 07
$173,434 83
Disbursements
Dues capital withdrawn . $58,512 00
“
“
retired
11,211 00
Profits capital withdrawn
12,887 71
3,614 36
“
“
retired
Real estate loans
48,050 00
Share loans
18,900 00
Notes and bonds
10,000 00
4,738 18
Real estate by foreclosure
212 83
Interest
Temporary expense
1,271 24
Cash on hand Oct. 31, 1907
4,037 51
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
Date
op Issue
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per Share in Force
29 $197 70
30
186 65
175 95
31
32
165 57
155 45
33
34
145 65
35
136 14
36
126 89
117 85
37
38
109 02
100 42
39
40
92 03
41
83 85
42
75 86
68 08
43
44
60 47
45
53 09
45 87
46
38 82
47
48
31 94
25 23
49
18 69
50
51
12 31
52
6 08
60
71
54
37
103
78
95
150
147
279
87
122
139
148
286
268
159
212
201
387
575
430
416
675
w it h
Total Value
$11,862
13,252
9,501
6,126
16,011
11,360
12,933
19,033
17,323
30,416
8,736
11,227
11,655
11,227
19,470
16,205
8,441
9,724
7,802
12,360
14,507
8,036
5,120
4,104
00
15
30
09
35
70
30
50
95
58
54
66
15
28
88
96
31
44
82
78
25
70
96
00
$173,434 83
$296,442 65
Dues capital .
Profits capital
Unpaid dues .
$248,258 00
45,984 65
2,200 00
$296,442 65
No. 8]
BANK COMMISSIONEK
Sh a r e s
145
o n O ct . 31, 1907
of real estate loans
.
118
size of same
.
. $2,245 76
rate of interest thereon
5 .5 0
of share loans .
.
21
size of same
.
.
$530 95
rate of interest thereon
5 . 83
L o an s
Number issued during year
.
. 1,228
“
withdrawn “
.
. 1,173
“
retired
“
.
. 8 4
“
in force Oct. 31, 1907
. 5,179
“
borrowed upon Oct. 31, 1907 1,563
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.35
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 £ % ; second term, 2 £ %
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
143
130
620
139
481
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 i% , $265,000
Share: 5 i% , $3,800; 6 % , $7,350
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .6 2
Percentage of decrease in assets dur
ing year
.
.
.
.
2 .6 5
Proportion of profits retained on voluntarywithdrawals, none
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
of
fo r
Y
E x a m in a t io n , A p r il 23, 24
ear
Salaries
Other Expenses
$1,150
.3772
$121 24
.0398
Total
$1,271 24
.4170
PIONEER CO-OPERATIVE BANK, BOSTON
President, J o h n C. C o o k
Secretary and Treasurer, D a n ie l E ld r ed g e
Security Committee: J oh n C. C o o k , W . H. R o b e r t s , H. P. O a k m a n , E . K . N e w h a l l ,
Geo. W . W
Incorporated July 26, 1877
arren
Began business Aug. 6, 1877
Regular meetings the first Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $362,350 00
.
10,300 00
.
17,603 11
5,140 08
1,201 52
60
163 50
275 00
3,552 41
$400,586 22
Liabilities
Dues capital .
. $338,642 00
Profits capital
.
51,161 36
Guaranty fund
3,654 00
Surplus .
4,294 03
Interest
1,844 61
Premiums
1 65
Fines
99 97
Transfer fees .
50
Withdrawal profits .
360 09
Forfeiture profits
94
Forfeited share account
527 07
$400,586 22
146
R
REPORT OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
$83,317 00
Real estate loans eliminated by foreclosure
7,800 00
Real estate loans repaid .
24,400 00
Share loans repaid .
9,000 00
Mortgages
9,532 45
Real estate by foreclosure
8,822 84
Interest
19,432 95
Premiums
19 05
Fines
.
.
.
.
968 37
Transfer fees .
3 00
Withdrawal profits .
1,059 72
Forfeited profits
15 34
Retired share account
12,328 08
Matured share account
6,546 10
Surplus .
.
.
.
03
Cash on hand Oct. 31, 1906
7,816 44
$191,061 37
Disbursements
Dues capital withdrawn . $34,330 00
“
“
forfeited
470 00
“
retired
10,445 00
“
“
matured
5,109 00
Profits capital withdrawn
4,239 57
“
forfeited .
61 37
“
retired
2,243 00
“
“
matured .
1,837 10
Real estate loans
85,200 00
Share loans
8,700 00
Mortgages
4,500 00
Real estate by foreclosure
8,160 04
Interest
160 77
Temporary expense
2,560 06
Retired share account
12,328 08
Matured share account
7,164 94
Profits capital
03
Cash on hand Oct. 31, 1907
3,552 41
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ear
$191,061 37
e c o n c il ia t io n
D
D
a t e
o f
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Î
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
ues
[Pub. Doc
op
and
Series
P
Sh
A ccount
C a p it a l
are
r o f it
Value
35 $193 69
36
183 04
172 65
37
38
162 62
39
152 84
40
143 38
41
134 18
42
125 26
43
116 52
44
108 02
45
99 72
46
91 60
47
83 66
48
75 90
68 31
49
50
60 88
51
53 62
52
46 52
53
39 57
54
32 78
55
26 14
56
19 64
57
13 29
58
7 08
59
1 00
w it h
Shares
Total Value
12
22
45
37
20
91
149
314
239
177
299
319
368
382
348
364
243
239
256
317
547
580
677
782
334
$2,324
4,026
7,769
6,016
3,056
13,047
19,992
39,331
27,848
19,119
29,816
29,220
30,786
28,993
23,771
22,160
13,029
11,118
10,129
10,391
14,298
11,391
8,997
5,536
334
Dues paid in advance
28
88
25
94
80
58
82
64
28
54
28
40
88
80
88
32
66
28
92
26
58
20
33
56
00
86 00
$392,596 36
Dues capital .
Profits capital
Unpaid dues .
$338,642 00
51,161 36
2,793 00
$392,596 36
X
No. 8]
BANK COMMISSIONER
Sh
ares
Number issued during year
.
. 1,510
“
withdrawn “
.
.
888
“
forfeited
“
40
“
retired
“
.
.
100
“
matured
“
.
. 3 4
“
in force Oct. 31, 1907
. 7,161
“
borrowed upon Oct. 31, 1907 2,121
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.87
Number
Average
“
Number
Average
“
147
L o a n s o n O c t . 31, 1907
of real estate loans
.
157
size of same
.
. $2,307 96
rate of interest thereon
5 .0 6
of share loans
.
.
58
size of same
.
.
$177 59
rate of interest thereon
5 .1 0
P
r o f it s
d is t r ib u t e d
First term, 2 j % ; second term, 2{-%
M
e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
190
128
910
202
708
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $337,100; 5J % , $3,550; 5 f % ,
$14,600; 6 % , $2,000; 6 .3 0 % , $4,100;
6 .6 0 % , $1,000
Share: 5 % , $9,150; 5 f % , $300; 6 % , $850
T
otal
E
M
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .0 3
Percentage of increase in assets dur
ing year
.
.
.
.
11.73
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
xpen ses
ate
for
of
E
Y
ear
Salaries
$1,300
.3245
Amount paid for
Per cent, of total assets
x a m in a t io n
, M
Other Expenses
$1,260 06
.3146
a y
16
Total
$2,560 06
.6391
PITTSFIELD CO-OPERATIVE BANK, PITTSFIELD
President,
H
en ry
R. P
Security Committee:
Secretary and Treasurer,
e ir s o n
H
S. R
e z e k ia h
u sselh
Incorporated Feb. 15, 1889
, M
ic h a e l
Ca
sey
L
, G
H. G
orenzo
eorge
W . P
am w ell
ease
Began business March 5, 1889
Regular meetings Wednesday following the second Tuesday of each month
B
alance
Sh
eet
, O
ctober
Assess
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
Taxes
.
.
.
.
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $588,175 00
.
35,605 00
4,835 44
724 34
23 13
.
30,367 27
$659,730 18
31, 1907
Liabilities
Dues capital .
. $566,094 00
Profits capital
.
87,964 21
Guaranty fund
1,726 04
Surplus .
3,766 40
Forfeited share account
179 53
$659,730 18
REPORT OF THE
148
R
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
$161,474 00
Dues capital .
.
Real estate loans repaid . 118,150 00
46,304 00
Share loans repaid .
5,000 00
Mortgages
10,000 00
Notes and bonds
8,315 73
Real estate by foreclosure
30,783 30
Interest
809 41
Fines
.
.
.
.
6 75
Transfer fees .
388
00
Temporary expense '
Forfeited share account .
9 00
18 00
Guaranty fund
16 66
Insurance
70 00
24,467 28
Cash on hand Oct. 31, 1906
$405,812 13
Disbursements
Dues capital withdrawn . $91,274 00
“
“
forfeited
9 00
“
“
matured
9,472 00
Profits capital withdrawn
12,080 04
“
“
forfeited .
49
“
“
matured .
3,485 12
Real estate loans
192,000 00
59,854 00
Share loans
Real estate by foreclosure
777 89
Interest
20 76
Temporary expense
3,526 19
Permanent expense
475 50
Forfeited share account .
14 35
Guaranty fund
945 73
Insurance
16 66
Taxes .
.
.
.
93 13
Suspense
1,400 00
Cash on hand Oct. 31, 1907
30,367 27
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ear
$405,812 13
e c o n c il ia t io n
D
D
a t e
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
Mav,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ues
ssu e
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
and
[Pub. Doc
of
P
Sh
are
r o f it s
A ccount
C a p it a l
Shares
Value
Series per
Share in Force
14 $204 15
15
193 34
182 73
16
172 38
17
162 30
18
152 49
19
20
142 92
21
133 61
22
124 52
115 70
23
24
107 12
25
98 76
26
90 61
82 65
27
28
74 87
29
67 26
30
59 84
52 58
31
32
45 48
38 53
33
34
31 73
35
25 09
36
18 61
37
12 27
38
6 07
Dues paid in advance
102
96
122
69
121
188
205
124
206
207
285
363
326
412
495
519
691
506
637
563
1,082
728
1,557
1,790
2,178
w it h
Total Value
$20,823
18,560
22,293
11,894
19,638
28,668
29,298
16,567
25,651
23,949
30,529
35,849
29,538
34,051
37,060
34,907
41,349
26,605
28,970
21,692
34,331
18,265
28,975
21,963
13,220
30
64
06
22
30
12
60
64
12
90
20
88
86
80
65
94
44
48
76
39
86
52
77
30
46
989 00
$655,647 21
Dues capital .
Profits capital
Unpaid dues .
$566,094 00
87,964 21
1,589 00
$655,647 21
BANK COMMISSIONER
No. 8]
Sh
149
o a n s o n O c t . 31, 1907
of real estate loans
.
309
size of same
.
. $1,903 48
rate of interest thereon
5 .0 0
of share loans .
.
151
size of same
.
.
$235 79
rate of interest thereon
5 .0 8
L
ares
Number issued during year
.
. 4,410
“
withdrawn “
.
. 2,545
“
forfeited
“
7
“
matured
“
64
“
in force Oct. 31,1907
13,572
“
borrowed upon Oct. 31, 1907 4,478
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.48
Number
Average
“
Number
Average
“
P
r o f it s
d is t r ib u t e d
First term, 2|-%; second term, 2J%
M
e m b e r s h ip
Number added during year
.
.
447
“
withdrawn “
.
.
290
“
of members Oct.31, 1907. 1,600
“
“ borrowers
“
“ .
460
“
“ non-borrowers “
“ . 1,140
M
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , 8588,175
Share: 5 % , $32,675; 6 % , $2,930
T
otal
D
E
xpen ses
ate
of
for
Y
Salaries
$2,569 50
.3895
Amount paid for
Per cent, of total assets
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 84
Percentage of increase in assets dur
ing year
.
.
.
.
11.97
Proportion of profits retained on voluntary
withdrawals, none
E
x a m in a t io n
, Ju
30
ly
ear
Other Expenses
$568 69
.0862
Total
$3,138 19
.4757
PLYMOUTH CO-OPERATIVE BANK, PLYMOUTH
President,
F
r e d e r ic k
Security Committee:
D. B
Secretary and Treasurer,
artlett
Frank
Joseph
E
lm er
H.
C u s h m a n , P e l e g S. B u r g e s s , S e t h
B a r n e s, E d w ar d L. B u rgess
Incorporated June 7, 1882.
E. A
W.
P
very
aty
,
Began business June 20, 1882
Regular meetings the third Tuesday of each month
B
alance
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid dues
Suspense account
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
eet
, O
ctober
. $264,100 00
.
18,530 00
1,336 00
1,633 38
2,816 00
2,278 74
36 18
719 69
7,581 32
$299,031 31
31, 1907
Liabilities
Dues capital .
. $243,636 00
Profits capital
.
43,272 57
Guaranty fund
1,320 60
Surplus .
649 41
Interest
7,107 92
Premiums
491 45
Fines
402 36
Transfer fees .
6 50
Withdrawal profits .
134 81
Forfeited share account
41 09
Undivided profits .
877 75
Advance payments
1,037 24
Personal account
53 61
$299,031 31
R
[Pub. Doc
REPORT OF THE
150
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
$68,903 00
Real estate loans eliminated by foreclosure
8,000 00
R. E. loans eliminated by
3,450
00
maturity of shares
25,250 00
Real estate loans repaid .
16,130 00
Share loans repaid .
114 00
Mortgages
12,000 00
Notes and bonds
8,314 00
Real estate by foreclosure
Interest
16,359 02
Premiums
1,077 85
Fines
.
.
.
.
943 00
12 50
Transfer fees .
Withdrawal profits .
193 92
Forfeited profits
67 66
Temporary expense
159 00
Taxes .
.
.
.
17 13
4,158 46
Advance payments .
Suspense account
381 80
Cash on hand Oct. 31, 1906
1,237 76
$166,769 10
Disbursements
Dues capital withdrawn . $11,312 00
“
forfeited
2,844 00
“
“
matured
18,728 00
Profits capital withdrawn
1,457 75
“
forfeited .
499 59
“
matured .
8,368 19
Real estate loans
86,100 00
Share loans
14,620 00
Advance payments .
4,065 30
Mortgages
1,200 00
Real estate by foreclosure
7,975 19
Interest
78 00
Temporary expense
1,860 53
Taxes .
.
.
.
17 13
Fines rebated
2 10
Dues
.
.
.
.
60 00
Cash on hand Oct. 31, 1907
7,581 32
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ear
$166,769 10
e c o n c il ia t io n
D
D
a t e
o f
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
ues
and
of
P
Sh
are
r o f it s
A ccount
C a p it a l
Shares
Value
Series per
Share in Force
29 $193 02
181 45
30
31
170 29
32
159 41
148 87
33
138 68
34
128 78
35
36
119 18
37
109 86
38
100 82
92 02
39
40
83 49
41
75 23
42
67 20
59 44
43
44
51 88
44 56
45
37 46
46
30 57
47
48
23 88
17 39
49
11 10
50
5 00
51
49
54
64
80
98
129
64
128
106
114
127
186
209
309
219
337
169
409
354
597
574
841
687
w it h
Total Value
$9,457
9,798
10,898
12,752
14,589
17,889
8,241
15,255
11,645
11,493
11,686
15,529
15,723
20,764
13,017
17,483
7,530
15,321
10,821
14,256
9,981
9,335
3,435
98
30
56
80
26
72
92
04
16
48
54
14
07
80
36
56
64
14
78
36
86
10
00
$286,908 57
Dues capital .
Profits capital
$243,636 00
43,272 57
$286,908 57
No. 8]
BANK COMMISSIONER
Sh
L o an s
ares
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,627
“
withdrawn “
.
.
360
“
forfeited
“
41
“
matured
“
• .
.
135
“
in force Oct. 31, 1907
. 5,904
“
borrowed upon Oct. 31, 1907 1,772
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.00
on
O ct . 31, 1907
of real estate loans
.
size of same
.
.
rate of interest thereon
of share loans .
.
size of same
.
.
rate of interest thereon
P
M
151
r o f it s
349
$756 73
6 .4 2
150
$123 53
6 .5 8
d is t r ib u t e d
First term, 3 ^ % ; second term, 3 %
e m b e r s h ip
Number added during year
.
.
250
“
withdrawn “
.
. 9 3
“
of members Oct. 31, 1907.
984
“
“ borrowers
“
“ .
294
“
“ non-borrowers “
“ .
690
M
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 6 .3 0 % , $205,400; 6 .6 0 % , $38,850;
6 .9 0 % , $6,250; 7 .2 0 % , $8,600; 7 .5 0 % ,
$2,050; 7 .8 0 % , $400; 8 .1 0 % , $2,000;
8 .4 0 % , $550
Share: 6 .3 0 % , $11,450; 6 .6 0 % , $3,390;
6 .9 0 % , $1,340; 7 .2 0 % , $840; 7 .5 0 % ,
$40; 7 .8 0 % , $140; 8 .1 0 % , $1,170;
8 .4 0 % , $60; 8 .7 0 % , $50; 1 0 .8 0 % , $50
T
otal
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 69
Percentage of increase in assets dur
ing year
.
.
.
.
16.68
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old; 10% on series over 5 years old
D
xpen ses
ate
of
for
Y
x a m in a t io n
,
Ju l y 26, 27
ear
Salaries
$1,150
.3846
Amount paid for
Per cent, of total assets
E
Other Expenses
$551 53
.1844
Total
$1,701 53.5690
PROVIDENT CO-OPERATIVE BANK, CHELSEA
President,
T
homas
M
Secretary and Treasurer, C.
a r t in
Security Committee:
Jam
es
G
ould
, H
Incorporated Sept. 25, 1885.
en ry
C.
Sta
rk ey
, W
alter
W
il l is
D. G
G
ould
rover
Began business Sept. 28, 1885
Regular meetings the fourth Monday of each month
B
alance
Sh
eet
, O
ctober
31, 1907
Assefs
Loans on real estate
$748,382 94
Less due on mtge. loans
1,657 94 $746,725 00
Loans on shares .
.
50,800 00
Common form mortgages
1,657 94
Real estate by foreclosure, etc.
18,692 93
Personal accounts
89 52
Cash in hands of treasurer
.
10,515 53
Liabilities
Dues capital .
. $669,173 00
Profits capital
. 134,523 69
Guaranty fund
9,100 00
Surplus .
.
14,747 95
Forfeited share account
13 58
Personal accounts .
922 70
$828,480 92
$828,480 92
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152
R
REPORT OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
R
ear
e c o n c il ia t io n
D
Receipts
Dues capital .
$152,692 00
Real estate loans eliminated by foreclosure
8,700 00
R. E. loans eliminated by
maturity of shares
7,742 72
Real estate loans repaid . 108,807 28
Share loans repaid .
31,550 00
Mortgages
33 76
Rents .
.
.
.
512 51
Interest
40,951 69
Premiums
244 56
Fines
.
.
.
.
1,349 78
Transfer fees .
25
Withdrawal profits .
3,230 55
Matured share account
23,781 69
Personal accounts .
9,617 22
Profits capital
19
Cash on hand Oct. 31, 1906
25,921 62
$415,135 82
Disbursements
Dues capital withdrawn . $84,434 00
“
“
matured
27,741 00
Profits capital withdrawn
12,702 03
“
“
matured .
10,829 23
Real estate loans
165,300 00
Share loans
47,950 00
Taxes and repairs .
457 42
Real estate by foreclosure
8,192 93
Temporary expense
3,490 32
Matured share account
34,918 17
Personal accounts .
8,605 00
Surplus .
.
.
.
19
Cash on hand Oct. 31, 1907
10,515 53
[Pub. Hoc
D ate
of
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
ues
I ssue
P
Sh
are
r o f it s
Value
Series
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
of
and
A ccount
C a p it a l
Shares
21 $199 45
22
188 04
23
177 03
24
166 41
25
156 13
26
146 18
27
136 48
28
127 13
118 03
29
30
109 20
31
100 59
32
92 19
84 01
33
34
76 01
35
68 22
36
60 62
37
53 20
38
45 96
38 90
39
32 01
40
41
25 29
42
18 73
12 33
43
44
6 09
$29,718
33,283
36,999
48,924
56,519
33,621
54,592
44,114
37,061
32,104
53,715
34,571
35,200
29,795
36,702
37,160
22,769
34,607
26,996
28,072
22,836
20,453
10,443
7,898
Dues paid in advance
886 00
Dues capital .
Profits capital
Unpaid dues .
$669,173 00
134,523 69
5,351 00
$809,047 69
ares
L o a n s o n O c t . 31, 1907
Number of real estate loans
.
344
Average size of same
.
. $2,170 71
“
rate of interest thereon
5.31
Number of share loans .
.
158
Average size of same
.
. $321 51
“
rate of interest thereon
5 .25
P
r o f it s
d is t r ib u t e d
First term, 2 J % ; second term, 2Jr%
e m b e r s h ip
Number added during year .
.
178
“
withdrawn
“
.
.
134
“
of members Oct. 31, 1907. 1,463
“
“ borrowers
“
“
449
“
“ non-borrowers “
“ . 1,014
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $16,700; 5 £ % , $667,775; 5i % ,
$31,500; 6 .3 0 % ,$ 1 ,9 0 0 ; 6 .6 0 % ,$ 2 4 ,4 5 0 ;
6 .9 0 % , $4,400
Share: 5 % , $1,350; 5 i % , $49,350; 6 .6 0 % ,
M
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .9 7
Percentage of increase in assets dur
ing year .
.
.
.
6 .3 0
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
ate
of
E
Y
ear
x a m in a t io n
, June
13
$100
T
Amount paid for .
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
05
08
27
54
06
40
00
11
42
80
06
25
19
92
36
06
60
88
60
77
87
16
51
73
$809,047 69
Number issued during year
.
. 2,436
“
withdrawn
“
.
. 2,067
“
matured
“
.
.
193
“
in force Oct. 31, 1907 12,538
“
borrowed upon Oct. 31, 1907 4,848
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.54
M
Total Value
149
177
209
294
362
230
400
347
314
294
534
375
419
392
538
613
428
753
694
877
903
1,092
847
1,297
$415,135 82
Sh
w it h
otal
E
xpen ses
for
Salaries
$1,840
.2221
Other Expenses
Total
$1,650 32
$3,490 32
.1992
.4213
No. 8]
BANK COMMISSIONER
153
QUINCY CO-OPERATIVE BANK, QUINCY
President,
John
F.
W
elch
Security Committee:
G
•
Secretary and Treasurer,
H.
eorge
F
, John
ie l d
Incorporated April 17, 1889
H.
D
in e g a n
R
, A
ic h a r d
n d rew
D.
M
Ch
ase
il n e
Began business May 7, 1889
Regular meetings the first Wednesday of each month
B
Sh
alance
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
“
premiums
“
fines
Cash in hands of treasurer .
eet
, O
ctober
31, 1907
Liabilities
Dues capital .
. 8314,532 00
Profits capital
.
63,177 97
Guaranty fund
1,853 00
Surplus .
4,517 67
Forfeited share account
7 00
. 8353,273 00
.
17,725 00
3,135 00
1,253 80
3 25
203 67
8,493 92
8384,087 64
R
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid
Mortgages
Interest
Premiums
Fines
Transfer fees
Withdrawal profits
Profit and loss
Cash on hand Oct. 31, 1906
e c o n c il ia t io n
D
D
a t e
o f
I
ssu e
875,249 00
1,700
127,913
14,480
1,307
18,331
76
703
6
884
30
7,130
00
00
00
70
07
33
22
50
93
28
97
8147,813 00
Disbursements
Dues capital withdrawn
821,753 00
“
retired
11,529 00
“
matured
9,814 00
Profits capital withdrawn
3,540 23
“
retired
4,036 05
“
matured
3,997 97
Real estate loans
69,011 00
Share loans
12,315 00
Mortgages
1,247 70
Interest
255 10
Temporary expense
1,820 03
Cash on hand Oct. 31, 1907
8,493 92
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ear
8384,087 64
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
ues
and
of
P
Sh
are
r o f it s
A ccount
C a p it a l
Value
Shares
Series per
Share in Force
14 8201 72
15
190 22
16
179 04
168 19
17
18
157 70
19
147 53
20
137 71
21
128 18
2 2
118 88
23
109 92
24
101 16
25
92 66
26
84 36
27
76 30
28
6 8'43
29
60 78
30
53 32
31
46 05
32
38 96
32 05
33
34
25 31
35
18 74
36
12 34
37
6 09
Dues paid in advance
65
80
119
155
140
81
104
125
166
207
230
108
221
185
278
353
309
254
340
437
496
567
671
636
w it h
Total Value
813,111
15,217
21,305
26,069
22,078
11,949
14,321
16,022
19,734
22,753
23,266
10,007
18,643
14,115
19,023
21,455
16,475
11,696
13,246
14,005
12,553
10,625
8,280
3,873
80
60
76
45
00
93
84
50
08
44
80
28
56
50
54
34
88
70
40
85
76
58
14
24
354 00
8380,187 97
8147,813 00
Dues capital .
Profits capital
Unpaid dues .
8314,532 00
63,177 97
2,478 00
8380,187 97
[Pub. Doc.
REPORT OF THE
154
Sh
L
ares
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,466
“
withdrawn “
.
.
654
“
retired
“
.
.
85
“
matured
“
.
.
68
“
in force Oct. 31, 1907
. 6,327
“
borrowed upon Oct. 31, 1907 2,224
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.34
oans
P
First term,
M
on
O
ct.
31, 1907
of real estate loans
.
247
size of same
.
. $1,430 26
rate of interest thereon
5 .1 7
of share loans .
.
65
size of same
.
.
$272 69
rate of interest thereon
5 .19
r o f it s
d is t r ib u t e d
; second term,
2^%
2 f%
e m b e r s h ip
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
142
70
862
249
613
M
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.69
Percentage of increase in assets dur
ing year
.
.
.
.
11.25
Proportion of profits retained on voluntary
withdrawals, 2 5%
R a t e s o n L o a n s O c t . 31, 1907
R . E . : 5 % , $ 2 9 2 , 4 0 5 ; b\ % , $ 1 3 , 1 9 3 ; 5 f % ,
$ 9 5 0 ; 6 % , $ 2 2 ,0 2 5 ; 6 . 3 0 % , $ 2 4 ,7 0 0
Share: 5 % , $ 1 2 , 2 7 5 ; 5 ^ % , $ 4 , 1 5 0 ; 5 f % ,
D
ate
of
for
Y
E
x a m in a t io n
, M
ay
22
$100; 6% , $1,200
T
otal
E
xpen ses
ear
Salaries
$1,350
.3515
Amount paid for
Per cent, of total assets
Other Expensts
$470 03
.1224
Total
$1,820 03
.4739
RANDOLPH CO-OPERATIVE BANK, RANDOLPH
President,
F
r a n k l in
W . H
ayden
Security Committee:
F
Secretary and Treasurer,
r a n k l in
W . H
Incorporated Jan. 29, 1889
ayden
, P
P
H . M
a t r ic k
a t r ic k
H . M
cL a u g h l in
cL a u g h l in
Began business Feb. 7, 1889
Regular meetings the first Thursday of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Sh
eet
, O
$60,150
1,685
123
1,114
ctober
00
00
00
62
$63,072 62
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Premiums
Fines
.
.
.
.
Withdrawal profits .
Retired share account
00
06
86
11
85
25
27
7 02
555 20
$51,089
7,502
1,301
1,830
786
$63,072 62
No. 8]
R e c eip t s
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans eliminated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Retired share account
Personal accounts .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
Date
Series
op Issue
Value
w it h
Shares
Total Value
5
3
8
4
9
6
14
61
43
65
75
65
92
64
64
109
50
67
67
58
153
107
$973
517
1,298
608
1,193
739
1,596
6,414
4,149
5,732
5,993
4,672
5,907
3,624
3,155
4,594
1,759
1,902
1,459
890
1,390
321
$13,917 00
600 00
1,800
3,150
1,445
690
3,761
4
80
12
9,995
68
3,014
00
00
00
27
49
35
95
50
12
60
62
40
94
$38,541 24
Disbursements
Dues capital withdrawn .
“
forfeited
“
retired
“
matured
Profits capital withdrawn
“
forfeited .
“
retired
“
matured .
Real estate loans
Share loans
Real estate by foreclosure
Interest
Temporary expense
Retired share account
Personal accounts .
Cash on hand Oct. 31, 1907
155
$3,149
261
8,102
1,296
401
82
1,893
532
9,300
1,770
690
52
402
9,440
52
1,114
00
00
00
00
01
95
60
35
00
00
27
52
65
40
87
62
Feb.,
Feb.,
Aug.,
Feb.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
1896
1897
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
15 $194 68
172 65
17
18
162 28
152 13
19
132 65
21
22
123 18
23
114 04
24
105 15
25
96 51
26
88 19
27
79 91
28
71 89
64 21
29
30
56 64
31
49 31
32
42 15
33
35 18
34
28 39
35
21 78
36
15 35
37
9 09
38
3 00
Dues paid in advance
40
95
24
52
85
08
56
15
93
35
25
85
32
96
84
35
00
13
26
30
77
00
43 00
$58,938 06
Dues capital .
Profits capital
Unpaid dues .
$51,089 00
7,502 06
347 00
$58,938 06
$38,541 24
Sh a r e s
Number issued during year
.
.
266
“
withdrawn “
90
“
forfeited
“
.
.
3
“
retired
“
91
“
matured
“
.
.
9
“
in force Oct. 31, 1907
. 1,189
“
borrowed upon Oct. 31, 1907
386
Average number held by each mem
ber Oct. 31, 1907
.
.
. 5 .2 6
o n O ct . 31, 1907
of real estate loans
.
60
size of same
.
. $1,002 50
rate of interest thereon
6.01
of share loans .
.
9
size of same
.
.
$187 22
rate of interest thereon
6 .0 0
L o an s
Number
Average
“
Number
Average
“
P r o f it s
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“ non-borrowers “
“ .
R a t e s on L o a n s O c t . 31, 1907
R, E .: 6 % , 858,800; 6 .3 0 % , 81,350
Share: 6 % , $1,685
T o ta l E
Amount paid for .
Per cent, of total assets .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
29
24
226
69
157
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
5 .3 4
Percentage of increase in assets dur
ing year
.
.
.
.
3.62'
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old; after 5 years, none
D ate
of
s F or Y
Salaries
$300
.4756
E x a m in a t io n , F e b r u a r y 11
ear
Other Expenses
$102 65
.1627
Total
$402 65
.6383
[Pub. Doc
REPORT OF THE
156
READING CO-OPERATIVE BANK, READING
President, E d w a r d H . P a l m e r
Secretary, H a r r y P. B osson
Treasurer, E d g a r N. H u n t
Security Committee: L e w is M. B a n c r o f t ,
Incorporated Nov. 27, 1886
H e n r y R. J o h n s o n ,
G a l e n A. P a r k e r
Began business Dec. 6, 1886
Regular meetings the first Tuesday following the first Monday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
vlsseis
Loans on real estate
$261,717 00
Less due on mtge. loans
3,300 00 $258,417 00
8,205 00
Loans on shares .
.
10,350 00
Common form mortgages
27 50
Insurance .
.
.
.
155 68
Cash in hands of secretary, .
“
“
treasurer .
9,247 70
Liabilities
Dues capital .
. $241,474 00
Profits capital
.
40,276 87
Guaranty fund
1,900 00
2,681 51
Surplus .
Forfeited share account
70 50
$286,402 88
$286,402 88
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid .
Uncompleted mtge. loans
Mortgages
Real estate by foreclosure
Interest
Premiums
Fines
Transfer fees .
Withdrawal profits .
Forfeited share account
Insurance
Real estate expense
Cash on hand Oct. 31, 1906
D
a t e
o f
I
ssu e
00
00
00
00
00
00
00
00
24
80
54
50
84
00
22
27
95
8148,413 36
Disbursements
Dues capital withdrawn .
“
“
forfeited
“
“
matured
Profits capital withdrawn
“
“
forfeited .
“
matured .
Real estate loans
Share loans
Uncompleted mtge. loans
Real estate by foreclosure
Temporary expense
Insurance
Real estate expense
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P ro f its C a p it a l
ear
00
00
00
84
89
00
00
on
72
17
13
55
38
3b
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Series per
Share
18 $200 85
190 09
19
179 63
20
21
169 51
22
159 73
150 23
23
141 02
24
132 04
25
26
123 27
114 70
27
28
106 39
98 26
29
90 28
30
82 50
31
74 83
32
67 24
33
59 82
34
52 57
35
45 48
36
38 54
37
38
31 76
25 12
39
18 63
40
12 28
41
42
6 07
Dues paid in advance
w it h
Shares
Force
Total Value
46
51
78
40
65
74
65
120
132
134
150
153
188
141
208
153
214
219
216
273
297
365
470
416
662
$9,239
9,694
14,011
6,780
10,382
11,117
9,166
15,844
16,271
15,369
15,958
15,033
16,972
11,632
15,564
10,287
12,801
11,512
9,823
10,521
9,432
9,168
8,756
5,108
4,018
in
10
59
14
40
45
02
30
80
64
80
50
78
64
50
64
72
48
83
68
42
72
80
10
48
34
255 00
$284,725 87
Dues capital .
Profits capital
Unpaid dues .
$241,474 00
40,276 87
2,975 00
$284,725 87
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
. 1,205
“
withdrawn “
.
. 1,007
“
forfeited
“
25
“
matured
“
73
“
in force Oct. 31, 1907
. 4,930
“
borrowed upon Oct. 31, 1907 1,441
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.21
157
L o an s o n O ct . 31, 1907
Number of real estate loans
.
173
Average size of same
.
. $1,493 73
“
rate of interest thereon
5 .6 7
Number of share loans .
.
21
Average size of same
.
.
$390 71
“
rate of interest thereon
5 .5 0
P r o f its
d is t r ib u t e d
First term, 2 £ % ; second term, 2\%
M e m b e r sh ip
Number added during year .
“
withdrawn “
.
“
of members Oct.31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
108
. 8 3
684
. . 194
.
490
R a t e s o n L o an s O ct . 31, 1907
R. E .: 5 % , $93,475; 5J% , $5,450; 5 f% ,
$2,600; 6 % , $132,682; 6 i% , $3,600;
6 .3 0 % , $14,110; 6 .6 0 % , $2,100; 6J% ,
$1,600; 6 .9 0 % , $2,800
Share: 5 % , $4,095; 6 % , $4,110
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 :6 3
Percentage of increase in assets dur
ing year
.
.
.
.
2 .7 8
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old; after 5 years, none
D ate
T otal E x p e n s e s
for
of
Y
ear
Salaries
$735
.2537
Amount paid for
Per cent, of total assets
E x a m in a t io n , O c to b er 16
Other Expenses
Total
$362 17
$1,097 17
.1250
.3787
RELIANCE CO-OPERATIVE BANK, CAMBRIDGE
President, H e r m a n B ird
Secretary and Treasurer, E d w a r d W . W
Security Committee: G eo r g e H. S t e a r n s , W
il l ia m
h it e
P. B r o w n , M. C. B e e d l e ,
R o b er t B u t t e r w o r t h , F r e d L . B e u n k e
Incorporated July 16, 1889
Began business July 16, 1889
Regular meetings the second Wednesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Permanent expense account .
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $525,225 00
.
50,697 00
10,204 67
1,749 99
2,102 56
143 05
525 00
168 00
140 75
1,575 14
Liabilities
Dues capital .
. $500,293 00
Profits capital
.
79,695 31
Guaranty fund
4,150 00
Surplus .
2,333 01
Interest
3,266 17
Fines
76 29
Transfer fees .
25
Withdrawal profits .
153 15
Forfeited share account
2,545 98
Security committee
18 00
$592,531 16
$592,531 16
[Pub. Doc
REPORT OF THE
158
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
D
T? PC P0 r /. q
Dues capital .
.
. $136,697
Real estate loans elimi
nated by foreclosure
.
9,300
R. E. loans eliminated by
maturity of shares
.
1,400
Real estate loans repaid .
62,207
Share loans repaid .
.
19,695
Mortgages
.
.
•
363
Notes and bonds
.
.
20,000
Real estate by foreclosure
13,291
Interest
.
.
.
27,976
Fines
.
.
.
.
677
Transfer fees .
.
.
1
Withdrawal profits .
.
1,197
Forfeited share account .
2,589
Security committee
.
53
Rents .
.
.
.
471
Mortgage balance .
.
107
Insurance
.
.
.
90
Cash on hand Oct. 31, 1906
26,946
a t e
o f
I
ssu e
00
00
00
95
.00
36
00
17
23
71
25
97
48
00
00
87
00
83
$323,065 82
Disbursements
Dues capital withdrawn . $66,596 00
3,111 00
“
forfeited
10,366 00
“
“
retired
10,731 00
“
“
matured
9,089 13
Profits capital withdrawn
752 38
“
“
forfeited .
3,706 94
“
retired
4,005 51
“
“
matured .
139,016 50
Real estate loans
40,525 00
Share loans
20,000 00
Notes and bonds
9,417 11
Real estate by foreclosure
32 19
Interest
2,456 10
Temporary expense
47 00
Permanent expense
1,215 41
Forfeited share account .
1 66
Fines repaid .
50 00
Security committee
371 75
Rents .
.
.
.
1,575 14
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A ccount
D u e s a n d P r o f its C a p it a l
ear
$323,065 82
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
1907
Shares
Value
Series per
Share in Force
14 $191 65
180 92
15
170 36
16
160 15
17
150 28
18
140 64
19
131 30
20
122 24
21
113 38
22
104 78
23
96 38
24
88 20
25
80 23
26
72 44
27
64 86
28
57 44
29
50 18
30
43 10
31
32
36 18
29 44
33
26 12
34
22 86
35
19 63
36
16 44
37
38
13 28
10 16
39
7 07
40
4 02
41
1 00
42
Suspense profits
Dues paid in advance
109
73
135
115
181
154
260
164
344
191
389
256
480
319
611
352
564
585
970
468
269
580
392
657
402
1,001
537
778
609
w it h
Total Value
$20,889
13,207
22,998
18,417
27,200
21,658
34,138
20,047
39,002
20,012
37,491
22,579
38,510
23,108
39,629
20,218
28,301
25,213
35,094
13,777
7,026
13,258
7,694
10,801
5,338
10,170
3,796
3,127
609
85
16
60
25
68
56
00
36
72
98
82
20
40
36
46
88
52
50
60
92
28
80
96
08
56
16
59
56
00
50
120 00
$583,442 31
Dues capital .
Profits capital
Unpaid dues .
$500,293 00
79,695 31
3,454 00
$583,442 31
No. 8]
BANK COMMISSIONER
L o an s
S h a r es
Number issued during year
.
. 3,337
“
withdrawn
“
.
. 2,083
“
forfeited
“
.
. 1 1 9
“
retired
“
73
“
matured
“
73
“
in force Oct.
31,1907
11,945
“
borrowed upon Oct. 31, 1907 3,819
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.67
Number
Average
“
Number
Average
“
159
on
O ct . 31, 1907
of real estate loans
.
216
size of same
.
. $2,431 60
rate of interest thereon
5 .0 6
of share loans .
.
288
size of same
.
.
$176 03
rate of interest thereon
5 .0 4
P r o f it s
d ist r ib u t e d
First term, 1A % ; second term, 1 % % ;
third term, lj% % ; fourth term, 1 ^ %
M e m b e r sh ip
Number added during year
.
.
339
“
withdrawn
“
.
.
235
“
of members Oct.31, 1907. 1,377
“
“ borrowers
“
“ .
360
“
“ non-borrowers “
“ . 1,017
R a te s o n L o a n s O c t . 31, 1907
E .: 5 % , $465,675; 5 .1 0 % , $4,600;
5 .2 0 % , $12,250; 5 .3 0 % , $9,200; 5 .4 0 % ,
$7,650; 5 i% , $6,900; 5 .8 0 % , $5,650;
J3%, $13,300
Share: 5 % , $48,022; 5 ^% , $1,025; 6 % ,
$1,650
R.
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .12
Percentage of increase in assets dur
ing year
.
.
.
10.10
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years; 10% on series over 5 years old
D ate
T o ta l E x p e n s e s
fo r
of
Y
Salaries
$1,631
.2753
Amount paid for
Per cent, of total assets
E x a m in a t io n , S e p t e m b e r 25
ear
Other Expenses
$825 10
.1392
Total
$2,456 10
.4145
REVERE CO-OPERATIVE BANK, REVERE
President, A l b e r t S. B u r n h a m
Secretary and Treasurer, A b e r d e e n H. Ch ild
Security Committee: A l b e r t S. B u r n h a m , A r t h u r B . Cu r t is , T h o m as F. D r isc o ll ,
H e n r y R. L a w l o r , G o r h am H. T il t o n
Incorporated Oct. 1, 1901
Began business Oct. 14, 1901
Regular meetings the second Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
.
“
“ shares .
.
.
Unpaid fines
.
.
Permanent expense account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
.
$40,250 00
3,375 00
26 46
128 71
987 54
Liabilities
Dues capital .
.
.
Profits capital
.
.
Guaranty fund
.
.
Surplus .
.
.
.
Forfeited share account .
$39,913 00
4,212 85
66 94
567 92
7 00
[Pub. Doc
REPORT OF THE
160
R e c eip ts
and
e n d in g
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s Ca p it a l
D is b u r s e m e n t s , Y e a r
O c to b er 31, 1907
Receipts
$13,339 00
Dues capital .
Real estate loans repaid .
1,150 00
Share loans repaid .
425 00
Interest
2,067 95
Fines
.
.
.
.
83 53
1 50
Transfer fees .
Withdrawal profits .
78 06
48
Forfeited profits
Forfeited share account .
12 00
Cash on hand Oct. 31, 1906
1,613 67
D
o f
Oct.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
$18,771 19
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Share loans .
.
.
Temporary expense
.
Forfeited share account .
Cash on hand Oct. 31, 1907
a t e
$5,205 00
314 07
9,700 00
2,300 00
249 58
15 00
987 54
I
ssu e
Shares
Value
Series per
Share in Force
1
2
3
4
5
6
7
8
9
10
11
12
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
$84
75
67
60
52
45
38
31
25
18
12
6
08
04
43
00
70
49
63
81
16
64
29
07
184
25
65
39
89
24
115
102
106
98
170
101
w it h
Total Value
$15,470
1,876
4,382
2,340
4,690
1,091
4,442
3,244
2,666
1,826
2,089
613
72
00
95
00
30
76
45
62
96
72
30
07
8 00
Dues paid in advance
$44,742 85
$39,913 00
4,212 85
617 00
Dues capital .
Profits capital
Unpaid dues .
$18,771 19
$44,742 85
o n O c t . 31, 1907
of real estate loans
.
25
size of same
.
. $1,610 00
rate of interest thereon
5 .1 8
of share loans .
.
19
size of same
.
.
$177 63
rate of interest thereon
5 .3 7
L oans
S h a r es
Number issued during year
.
.
286
“
withdrawn “
.
.
223
“
forfeited
“
7
“
in force Oct. 31, 1907
. 1,118
“
borrowed upon Oct. 31, 1907
364
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.73
Number
Average
“
Number
Average
“
P r o f its
Number added during year
.
.
42
“
withdrawn “
.
. 3 0
“
of members Oct. 31, 1907.
166
“
“ borrowers
“
“ .
39
“
“ non-borrowers “
“ .
127
.
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .44
Percentage of increase in assets dur
ing year
.
.
.
.
2 7 .9 8
Proportion of profits retained on voluntary
withdrawals, 2 5 %
R a t e s o n L o an s O ct . 31, 1907
R. E .: 5 % , $24,500; 5 i % , $3,800; b\% ,
$11,400; 6 % , $550
Share: 5 % , $850; 5\% , $50; 5 £ % , $2,475
D ate
T o tal E x p e n s e s
fo r
of
Amount paid for
.
.
Per cent, of total assets,
.
.
.
.
.
E x a m in a t io n , Ja n u a r y 22
Y ear
Salaries
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 ^ % ; second term, 2-J%
M e m b e r sh ip
$180
.4021
Other Expenses
Total
$69 58
.1554
$249 58
.5575
161
BANK COMMISSIONER
No. 8]
ROGER CONANT CO-OPERATIVE BANK, SALEM
President, P. F. T ie r n e y
Secretary and Treasurer, Ca r l F. A. M orse
Security Committee: P. F. T ie r n e y , E d w . L. M il l e t t , V in c e n t S. P e t e r s o n ,
J o h n J. S h e e h a n , R o b er t B . B u c k h a m
Incorporated Nov. 9, 1894
Began business Nov. 13, 1894
Regular meetings the second Tuesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
.
.
“
“ shares .
.
.
.
Unpaid interest .
.
.
.
“
premiums
.
.
.
“
fines
.
.
.
.
Personal account
.
.
Cash in hands of treasurer .
. $148,040
1,925
830
8
32
.
11
.
9,223
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus
Forfeited share account
Personal account
00
00
15
70
66
09
39
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
5 00
D
a t e
o f
I
ssu e
Shares
Value
Series per
Share in Force
w it h
Total Value
$40,063 00
1,000
19,215
3,200
8,445
103
105
2
381
10
5,504
00
00
00
93
28
62
00
77
00
70
$78,031 30
Disbursements
Dues capital withdrawn . $13,491 00
“
“
matured
2,160 00
1,531 45
Profits capital withdrawn
865 95
“
“
matured .
46,630
00
Real estate loans
3,515 00
Share loans
12 00
Interest
591 42
Temporary expense
11 09
Personal accounts .
9,223 39
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
21 00
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its C a p it a l
ear
00
20
68
11
$160,070 99
$160,070 99
R ec eip ts
$133,605
21,810
921
3,708
$78,031 30
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
3 $201 27
4
190 02
178 92
5
168 14
6
157 67
7
8
147 50
137 63
9
128 05
10
118 75
11
109 72
12
100 95
13
92 44
14
84 18
15
76 14
16
68 30
17
18
60 66
53 22
19
45
97
20
38 90
21
32 01
22
25 28
23
18 72
24
12 33
25
6 09
26
Dues paid in advance
11
29
43
30
24
27
28
46
79
71
102
18
105
35
96
108
193
166
319
334
448
330
307
467
$2,213
5,510
7,693
5,044
3,784
3,982
3,853
5,890
9,381
7,790
10,296
1,663
8,838
2,664
6,556
6,551
10,271
7,631
12,409
10,691
11,325
6,177
3,785
2,844
97
58
56
20
08
50
64
30
25
12
90
92
90
90
80
28
46
02
10
34
44
60
31
03
196 00
$157,048 20
Dues capital .
Profits capital
Unpaid dues .
$133,605 00
21,810 20
1,633 00
$157,048 20
162
REPORT OF THE
[Pub. Doc.
o n O ct . 31, 1907
of real estate loans
.
I ll
size of same
.
. $1,333 69
rate of interest thereon
6 .0 6
of share loans .
.
12
size of same
.
.
$160 41
rate of interest thereon
6 .0 0
Sh a r e s
L o an s
Number issued during year
.
.822 Number
“
withdrawn “
.
. 4 7 8
Average
“
matured
“
15
“
“
in force Oct. 31, 1907
. 3,416
Number
“
borrowed upon Oct. 31, 1907
888
Average
Average number held by each mem
“
ber Oct. 31, 1907
.
.
.6.75
P r o f its
d is t r ib u t e d
M e m b e r s h ip
First term, 2 J % ; second term, 2J%
Number added during year
.
.97
“
withdrawn “
.
. 6 4
M is c e l l a n e o u s
“
of members Oct. 31, 1907.
506
Percentage of surplus and guaranty
fund to dues and profits capital
2 .9 8
“
“ borrowers
“
“ .
123
Percentage of increase in assets dur
“
“ non-borrowers “
“ .
383
ing year
.
.
.
.
2 3 .4 1
R a t e s o n L o a n s O c t . 31, 1907
Proportion of profits retained on voluntary
R. E .: 6 % ; $120,590; 6 .3 0 % , $27,450
withdrawals, 2 5 %
Share: 6 % , $1,925
D ate
T o tal E x p e n s e s
fo r
of
Y
ear
Salaries
$410
.2561
Amount paid for
Per cent, of total assets
E x a m in a t io n , Ju n e 3
Other Expenses
$181 42
.1133
Total
$591 42
.3694
ROSLINDALE CO-OPERATIVE BANK, ROSLINDALE
President, I s a ia h B. H a m b l e n
Secretary and Treasurer, G e o . W . P. B a b b
Security Committee: A r t h u r M cA r t h u r , I s a ia h B. H a m b l e n , A b r a m P. H odgdon
Incorporated March 7, 1898
Began business April 20, 1898
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$63,600
10,200
8
250
62
772
00
00
22
00
50
94
$74,893 66
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Forfeited share account .
$64,432
8,999
365
780
303
9
4
00
25
00
25
48
68
00
$74,893 66
Nj
No. 8]
R e c eip t s
BANK COMMISSIONER
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
D
00
00
00
06
36
75
25
15
00
31
80
$16,977
6,650
3,350
3,503
144
146
1
2
14
3,849
$7,415
737
17,550
7,750
44
233
121
14
772
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
$34,638 68
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
Share loans
Interest
Temporary expense
Forfeited share account .
Profits capital
Cash on hand Oct. 31, 1907
163
00
36
00
00
19
12
76
31
94
I
Value
Series
ssu e
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
1 $141 89
2
133 14
124 48
3
4
116 00
5
107 66
6
99 48
7
91 44
8
83 57
75 88
9
10
68 33
11
60 90
12
53 65
13
46 54
14
39 59
32 80
15
16
26 15
17
19 66
18
13 30
19
7 08
20
1 00
w it h
Total Value
75
36
32
15
51
8
94
44
55
66
43
43
126
62
98
193
87
141
133
131
$10,641
4,793
3,983
1,740
5,490
795
8,595
3,677
4,173
4,509
2,618
2,306
5,864
2,454
3,214
5,046
1,710
1,875
941
131
Dues paid in advance
75
04
36
00
66
84
36
08
40
78
70
95
04
58
40
95
42
30
64
00
14 00
$34,638 68
$74,578 25
Dues capital .
Profits capital
Unpaid dues .
$64,432 00
8,999 25
1,147 00
$74,578 25
Sh a r e s
o n O ct . 31, 1907
of real estate loans
.
36
size of same
.
. $1,766 67
rate of interest thereon
. 5 .0 4
of share loans .
.
62
size of same
.
. $164 52
rate of interest thereon
5 .0 0
L o an s
Number issued during year
.
.
345
“
withdrawn “
.
.
267
“
forfeited
“
1
“
in force Oct. 31, 1907
. 1,533
“
borrowed upon Oct. 31, 1907
617
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.16
Number
Average
“
Number
Average
“
P r o f its
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
“
of members Oct. 31,1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
64
81
249
66
183
M isc e l l a n e ous
Percentage of surplus and guaranty
fund to dues and profits capital
1 .56
Percentage of increase in assets dur
ing year
.
.
.
.
19.57
Proportion of profits retained on voluntary
withdrawals, 2 0 %
R a t e s o n L o a n s O c t . 31, 1907
R, E .: 5 % , $58,100; 5J% , $5,500
Share: 5 % , $10,100; 5 i% , $100
D ate
T o tal E x p e n s e s
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 J % ; second term, 2\°/0
.
.
.
.
.
.
fo r
E x a m in a t io n , Ju l y 8
of
Y
ear
Salaries
Other Expenses
Total
$100
.1335
$80 62
.1076
$180 62
.2411
164
[Pub. Doc
EEPOET OF THE
ROXBURY CO-OPERATIVE BANK (ROXBURY DISTRICT),
BOSTON
President, T h o m a s F. H u n t
Secretary, F r e d e r ic k W . K lem m
Treasurer, J o seph E n g e l
Security Committee:
R o b er t A . W a t s o n , Ja m e s W . C o l g a n , W
A m os M. L e o n a r d
Incorporated Oct. 3, 1889
il l ia m
S. C o le ,
Began business Nov. 1, 1889
Regular meetings the first business day of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Cash in hands of treasurer
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Temporary expense
Forfeited share account .
Matured share account
Cash on hand Oct. 31, 1906
00
00
18
81
14
Liabilities
Dues capital .
. $286,005 00
Profits capital
.
52,751 47
Guaranty fund
5,700 00
Surplus .
3,313 45
Forfeited share account
149 79
Matured share account .
15,338 42
$363,258 13
$363,258 13
$351,400
8,770
941
50
2,096
D
a t e
o f
I
ss u e
$73,481 00
3,200
42,350
11,370
17,834
1
409
2
476
130
34
30,242
7,453
00
72
00
28
20
42
25
14
69
97
91
66
26
$186,987 50
Disbursements
Dues capital withdrawn . $51,835
85
2,958
“
“
retired
“
“
matured
27^730
8,952
Profits capital withdrawn
“
“
forfeited .
3
"
“
retired
1,040
10,360
“
“
matured .
54,225
Real estate loans
10,265
Share loans
541
Interest
1 7KQ
' 45
Permanent expense
155
Forfeited share account .
14,904
Matured share account
2,096
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o f S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
00
00
00
00
68
45
97
14
72
00
28
02
00
86
24
14
$186,987 50
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
13 $197 90
14
186 86
15
176 06
165 64
16
17
155 50
18
145 61
19
136 01
20
126 72
21
117 67
22
108 88
100 31
23
24
91 94
25
83 78
26
75 80
68 06
27
28
60 46
29
53 08
30
45 85
38 81
31
32
31 94
25 23
33
34
18 69
35
12 31
36
6 08
Dues paid in advance
70
89
93
77
100
88
64
127
211
167
188
165
155
250
233
236
187
382
360
385
573
469
564
797
w it h
Total Value
$13,853
16,630
16,373
12,754
15,550
12,813
8,704
16,093
24,828
18,182
18,858
15,170
12,985
18,950
15,857
14,268
9,925
17,514
13,971
12,296
14,456
8,765
6,942
4,845
00
54
58
28
00
68
64
44
37
96
28
10
90
00
98
56
96
70
60
90
79
61
84
76
317 00
$340,912 47
Dues capital .
Profits capital
Unpaid dues .
$286,005 00
52,751 47
2,156 00
$340,912 47
BANK COMMISSIONER
No. 8]
Sh a r e s
165
o n O ct . 31, 1907
of real estate loans
.
116
size of same
.
. $3,029 31
rate of interest thereon
5 .0 0
of share loans .
.
38
size of same
.
.
$230 78
rate of interest thereon
5 .6 9
L oans
Number issued during year
.
. 1,518
“
withdrawn
“
.
. 1,269
“
forfeited
“
. .
5
“
retired
“
.
.
21
“
matured
“
.
.
190
“
in force Oct. 31, 1907
. 6,030
“
borrowed upon Oct. 31, 1907 2,252
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.35
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 J % ; second term, 2-|-%
M e m b e r s h ip
M isc e l l a n e o u s
Number added during year .
“
withdrawn
“
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
152
107
645
154
491
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $351,400
Share: 5 % , $2,750; 6 % , $5,860; 6 .3 0 % ,
$160
Percentage of surplus and guaranty
fund to dues and profits capital
2 .6 6
Percentage of increase in assets dur
ing year
.
.
.
.
.61
Proportion of profits retained on voluntary
withdrawals, 2 0 % on series less than 4
years old; 10% on series from 4 to 8
years old; after 8 years, none
D ate
T o tal E x p e n s e s
fo r
of
Y ear
Salaries
$1,400
.3854
Amount paid for
Per cent, of total assets
E x a m in a t io n , F e b r u a r y 4
Other Expenses
$434 02
.1195
Total
$1,834 02
.5049
SALEM CO-OPERATIVE BANK, SALEM
President, G e o r g e W . P ic k e r in g
Secretary and Treasurer, A l b e r t C. M a c k in t ir e
Security Committee: G e o r g e W . P ic k e r in g , R e u b e n A r e y , S. H e r b e r t W
Incorporated April 7, 1888
il k in s
Began business April 13, 1888
Regular meetings the second Friday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real 'estate
“
“ shares .
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $469,640 00
.
15,335 00
1,427 37
11 05
208 74
121 51
3,764 94
$490,508 61
Liabilities
Dues capital .
. $409,531 00
.
58,001 85
Profits capital
5,482 70
Guaranty fund
Surplus .
.
15,133 15
Interest
2,236 93
4 75
Premiums
84 66
Fines
Transfer fees .
1 00
Withdrawal profits .
30 41
Forfeited share account
2 16
$490,508 61
[Pub. Doc
REPORT OF THE
166
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
$137,938 00
Dues capital .
R. F. loans eliminated by
9,400 00
maturity of shares
77,825 00
Real estate loans repaid .
16,205 00
Share loans repaid .
24,867 65
Interest
68 15
Premiums
Fines
.
.
.
.
836 98
Transfer fees .
4 50
321 97
Withdrawal profits .
Cash on hand Oct. 31, 1906
3,560 59
$271,027 84
Disbursements
Dues capital withdrawn . $62,523 00
24,378 00
“
“
matured
7,765 19
Profits capital withdrawn
“
“
matured .
9,290 22
145,200 00
Real estate loans
15,570 00
Share loans
2,536 49
Temporary expense
3,764 94
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
$271,027 84
D
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
Value
Series per
Share in Force
17 $188 78
18
177 87
19
167 27
20
157 00
21
147 01
22
137 33
127 95
23
24
118 80
25
109 96
101 37
26
92 99
27
28
84 82
29
76 85
30
69 07
31
61 48
32
54 08
46 86
33
34
39 81
32 94
35
36
26 23
37
19 69
38
13 31
39
7 08
1 00
40
Suspense profits
Dues paid in advance
65
74
129
63
80
83
77
114
257
148
207
272
465
368
484
452
604
644
697
918
1,442
1,618
1,940
1,323
w it h
. Total Value
$12,270
13,162
21,577
9,891
11,760
11,398
9,852
13,543
28,259
15,002
19,248
23,071
35,735
25,417
29,756
24,444
28,303
25,637
22,959
24,079
28,392
21,535
13,735
1,323
70
38
83
00
80
39
15
20
72
76
93
04
25
76
32
16
44
64
18
14
98
58
20
00
1 30
719 00
$471,078 85
Dues capital .
Profits capital
Unpaid dues .
$409,531 00
58,001 85
3,546 00
$471,078 85
No. 8]
BANK COMMISSIONER
S h a r es
167
o n O ct . 31, 1907
of real estate loans
.
382
size of same
.
. $1,229 42
rate of interest thereon
5 .3 0
of share loans
.
.
121
size of same
.
. $126 74
rate of interest thereon
5 .3 8
L oans
Number issued during year
.
. 3,727
“
withdrawn “
.
. 2,234
“
matured
“
.
.
168
“
in force Oct. 31, 1907
12,524
“
borrowed upon Oct. 31, 1907 2,917
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.71
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 2 ^ % ; second term, 2J%
M e m b e r sh ip
Number added during year
.
.
250
“
withdrawn “
.. 8 6
“
of members Oct. 31, 1907. 1,866
“
“ borrowers
“
“
.
416
“
“ non-borrowers “
“
. 1,450
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $125,525; 5\% , $171,030; 5|% ,
$158,135; 6 .3 0 % , $14,950
Share: 5 % , $1,630; 5 £ % , $4,015; 5%%,
$9,690
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .4 1
Percentage of increase in assets dur
ing year
.
.
.
.
13.31
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 4
years old; after 4 years, none
D ate
T o tal E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
of
Y
E x a m in a t io n , Ju n e 14
ear
Salaries
Other Expenses
$1,100
.2242
$1,436 49
.2929
Total
$2,536 49
.5171
SANDWICH CO-OPERATIVE BANK, SANDWICH
President, E . B . H o w l a n d
Secretary and Treasurer, F l e t c h e r Cl a r k
Security Committee: A. R. P o pe , C. G. E l l is , J. R. H o l w a y
Incorporated Oct. 1, 1885
Began business Dec. 15, 1885
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
. $99,025 00
Less due on mtge. loans
2,250 00 $96,775 00
Loans on shares .
1,650 00
Real estate by foreclosure, etc.
1,677 64
Unpaid interest .
714 88
“
fines
74 83
Temporary expense account .
359 23
Personal accounts
50 00
Insurance and taxes paid
88 43
Furniture and fixtures
523 21
Cash in hands of treasurer
9,796 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$111,709 39
Liabilities
Dues capital .
.
Profits capital
.
Guaranty fund
Surplus .
Interest
Fines
Transfer fees .
Withdrawal profits .
Forfeited share account
Rent account
.
$94,035
12,567
281
1,012
3,339
142
1
83
229
18
00
43
19
69
34
32
00
05
37
00
$111,709 39
[Pub. Doc
REPORT OF THE
168
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
.
.
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Uncompleted mtge. loans
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Temporary expense
Forfeited share account .
Insurance
Taxes .
.
.
.
Rent
.
.
.
.
Cash on hand Oct. 31, 1906
D
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a t e
o f
I
ssu e
$30,861 00
4,850 00
1.450
2.450
1,650
7,375
1,885
6,328
271
1
124
69
207
5
4
18
8,449
00
00
00
00
08
29
91
25
65
98
49
25
00
00
69
$66,001 59
Disbursements
Dues capital withdrawn .
“
“
forfeited
“
“
matured
Profits capital withdrawn
“
“
forfeited .
“
“
matured .
Real estate loans
Share loans
Uncompleted mtge. loans
Real estate by foreclosure
Temporary expense
Insurance
Taxes .
.
.
.
Profit and loss .
Cash on hand Oct. 31, 1907
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
$8,541
208
2,996
1,212
34
1,244
30,350
1,050
5,125
3,562
812
9
123
935
9,796
00
00
00
61
49
25
00
00
00
72
85
88
54
08
17
$66,001 59
Dec.,
June,
Dec.,
June,
Dec.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per Share in Force
21 $197 30
22
186 39
175 70
23
24
165 30
155 14
25
146 87
26
137 20
27
28
127 77
118 58
29
30
109 62
100 85
31
32
92 33
33
83 98
34
75 87
35
67 94
60 22
36
52 72
37
38
45 44
38 37
39
40
31 51
24 85
41
18 38
42
12 10
43
44
6 00
Dues paid in advance
7
8
9
6
5
12
41
29
63
67
28
30
39
19
163
208
133
60
102
93
410
360
453
337
w it h
Total Value
$1,381
1,491
1,581
991
775
1,762
5,625
3,705
7,470
7,344
2,823
2,769
3,275
1,441
11,074
12,525
7,011
2,726
3,913
2,930
10,188
6,616
5,481
2,022
10
12
30
80
70
44
20
33
54
54
80
90
22
53
22
76
76
40
74
43
50
80
30
00
546 00
$107,476 43
Dues capital .
Profits capital
Unpaid dues .
$94,035 00
12,567 43
874 00
$107,476 43
169
BANK COMMISSIONER
No. 8]
o n O ct . 31, 1907
of real estate loans
.
133
size of same
.
.
$727 63
rate of interest thereon
6 .6 7
of share loans
.
.
12
size of same
.
. $137 50
rate of interest thereon
5 .9 3
L oans
Sh a r e s
Number issued during year
.
.
806
“
withdrawn “
.
.
230
“
forfeited
‘ ‘
.
. 1 2
“
matured
“
.
.
21
“
in force Oct. 31, 1907
. 2,682
“
borrowed upon Oct. 31, 1907
577
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.91
Number
Average
“
Number
Average
“
P r o f its
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers“ “
.
101
35
454
142
312
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $7,550; 5\% , $3,250; b\% , $500;
5 f % , $300; 5 f % , $5,850; 6 % , $9,625;
6 1 % , $1,250; 6 1 % , $11,550; 6 1% ,
$12,100; 6 f % , $9,150; 7 % , $5,250; 7 ^ % ,
$300; 7 1% , $200; 7 1 % , $7,850; 7 1% ,
$5,150; 7 f % , $6,300; 8 % , $4,350; 8 1% ,
$2,700; 8 1 % , $600; 8 f % , $1,950; 10% ,
$ 1,000
Share: 5 % , $450; 5 1 % , $50; 5 f % , $200;
6 % , $100; 6 1 % , $450; 6 1 % , $250; 7 % ,
$50; 7 .2 0 % , $100
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.21
Percentage of increase in assets dur
ing year
.
.
.
.
24.9 0
Proportion of profits retained on voluntary
withdrawals, 10%
D ate
T o ta l E x p e n s e s
fo r
of
Y
Salaries
. $446 67
.3998
Amount paid for
Per cent, of total assets
d is t r ib u t e d
First term, 3 % ; second term, 3 %
E x a m in a t io n , Ju l y 30
ear
Other Expenses
$296 20
.2652
Total
$742 87
.6650
SECURITY CO-OPERATIVE BANK, BROCKTON
President, B r ad fo r d E . J o n e s
Secretary and Treasurer, G r a n t D . A n t h o n y
Security Committee: H o r a c e A . P o o l e , J o h n W . H a l l , S. M a n l e y H a y w a r d
Incorporated Dec. 17, 1877
Began business Dec. 20, 1877
Regular meetings the third Thursday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Asseis
Loans on real estate
$669,210 00
Less due on mtge. loans
8,440 00 $660,770 00
.
38,595 00
Loans on shares .
4,803 30
Real estate by foreclosure, etc.
2,979 00
Unpaid dues
1,929 47
“
interest .
37 70
“
premiums
187 52
“
fines
550 00
Permanent expense account .
886 96
Temporary expense account .
82 58
Insurance and taxes paid
.
16,303 06
Cash in hands of treasurer .
Liabilities
. $624,787 00
Dues capital .
.
75,273 27
Profits capital
5,300 00
Guaranty fund
1,400 00
Surplus .
3,123 30
Earnings undivided
.
15,810 74
Interest
185 70
Premiums
488 76
Fines
2 25
Transfer fees .
727 06
Withdrawal profits .
26 51
Forfeited share account
$727,124 59
$727,124 59
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
170
REPORT OF THE
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
Dues capital .
$195,367 00
Real estate loans eliminated by foreclosure
2,100 00
R. E. loans eliminated by
maturity of shares
3,300 00
Real estate loans repaid . 104,675 00
Share loans repaid .
20,810 00
Uncompleted mtge. loans
8,440 00
Real estate by foreclosure
1,893 24
Interest
35,077 86
Premiums
462 60
Fines
.
.
.
1,087 33
Transfer fees .
4 00
Withdrawal profits .
1,802 77
Forfeited profits
29 92
Tax account .
16 37
Cash on hand Oct. 31, 1906
9,261 52
$384,327 61
Disbursements
Dues capital withdrawn . $76,863 00
682 00
“
forfeited
“
“
matured
2,448 00
Profits capital withdrawn
7,219 43
“
forfeited .
119 68
“
matured .
1,016 26
Real estate loans
235,400 00
Share loans
35,495 00
Uncompleted mtge. loans
4,320 00
Real estate by foreclosure
1,741 48
Temporary expense
2,637 12
Tax account .
82 58
Cash on hand Oct. 31, 1907
16,303 06
[Pub. Doc
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
Date
of Issue
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Series
Value
Shares
22 $197 15
185 97
23
24
175 12
164 55
25
154 31
26
27
144 35
134 68
28
125 24
29
116 01
30
107 04
31
98 34
32
33
89 88
81 68
34
35
73 72
65 98
36
58 44
37
38
51 12
43 99
39
40
37 04
41
30 29
42
23 72
43
17 31
44
11 08
45
5 00
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
w it h
Total Value
10
38
10
19
10
16
23
36
332
354
779
553
745
942
1,040
419
985
647
1,006
965
1,733
1,428
2,383
2,206
$1,971
7,066
1,751
3,126
1,543
2,309
3,097
4,508
38,515
37,892
76,606
49,703
60,851
69,444
68,619
24,486
50,353
28,461
37,262
29,229
41,106
24,718
26,403
11,030
50
86
20
45
10
60
64
64
32
16
86
64
60
24
20
36
20
53
24
85
76
68
64
00
$700,060 27
$624,787 00
75,273 27
Dues capital .
Profits capital
$700,060 27
$384,327 61
o n O ct . 31, 1907
of real estate loans
.
387
size of same
.
. $1,707 42
rate of interest thereon
5 .6 2
of share loans .
.
154
size of same
.
. $250 61
rate of interest thereon
5 .51
L oans
S h a r es
Number issued during year
.
. 5,038
“
withdrawn
“
.
. 2,938
“
forfeited
“
.
. 1 1
“
matured
“
17
“
in force Oct. 31, 1907
16,679
“
borrowed upon Oct. 31, 1907 4,803
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.36
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 f % ; second term, 2 ^ %
M e m b e r s h ip
Number added during year
.
.
453
“
withdrawn
“
.
.
260
“
of members Oct. 31, 1907. 1,781
“
“ borrowers
“
“ .
472
“
“ non-borrowers “
“ . 1,309
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 i% , $589,500; 6 .6 0 % , $71,270
Share: 5 £ % , $38,230; 6 .6 0 % , $365
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 96
Percentage of increase in assets dur
ing year
.
.
.
.
2 4 .2 5
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o tal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
fo r
E x a m i n a t i o n , M a r c h 13
of
Y
ear
Salaries
$1,980
.2723
Other Expenses
Total
$657 12
$2,637 12
.0904
.3627
171
BANK COMMISSIONER
No. 8]
SOMERVILLE CO-OPERATIVE BANK, SOMERVILLE
President, J. F r a n k W
e l l in g t o n
Security Committee: I r a s o n B. W
Secretary and Treasurer, D a n ie l S. F a r n u m
alker,
Incorporated May 4, 1880
C h a r l e s A. S l a g e r , N a t h a n H. R e e d
Began business June 7, 1880
Regular meetings the first Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assefs
Bonds and notes
Loans on real estate
“
“ shares .
Common form mortgages
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer .
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
Interest
Fines
Transfer fees .
Withdrawal profits .
Forfeited share account
. $120,800 00
. 626,750 00
.
46,870 00
.
11,850 00
174 21
51 06
.
53,185 84
. $708,156 00
. 123,685 82
.
10,000 00
.
10,262 61
5,426 23
119 98
25
221 30
1,808 92
$859,681 11
$859,681 11
♦
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
.
. 8173,901 00
Real estate loans elimi
9,823 25
nated by foreclosure
R. E. loans eliminated by
7,900 00
maturity of shares
92,700 00
Real estate loans repaid .
18,920 00
Share loans repaid .
361,500 00
Notes and bonds
8,669 47
Real estate by foreclosure
• 41,429 29
Interest
1,309 87
Fines
.
.
.
.
2 50
Transfer fees .
991 05
Withdrawal profits .
47 43
Forfeited profits
5,572 34
Forfeited share account .
160 14
21,968 25
Cash on hand Oct. 31, 1906
$744,894 59
Disbursements
Dues capital withdrawn . $108,552
4,874
“
“
forfeited
22,933
“
“
matured
18,262
Profits capital withdrawn
“
“
forfeited .
1,159
7,910
“
“
matured .
219,930
Real estate loans
33,260
Share loans
260,300
Notes and bonds
6,936
Real estate by foreclosure
496
Interest
2,644
Temporary expense
100
Suspense account .
4,137
Forfeited share account .
211
Taxes .
.
.
.
53,185
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
00
00
00
24
22
26
93
00
00
92
74
28
36
60
20
84
D
a t e
o f
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per Share in Force
32 $196 16
185 42
33
174 95
34
164 79
35
154
93
36
145 34
37
38
135 94
39
126 81
40
117 88
41
109 18
42
100 69
92 40
43
84 32
44
45
76 42
68 71
46
47
61 20
48
53 87
49
46 72
50
39 74
51
32 91
52
26 23
53
19 71
54
13 33
55
7 09
56
1 00
Dues paid in advance
95
112
277
321
171
310
299
339
308
448
327
536
548
486
498
827
655
581
775
1,038 •
914
1,080
1,154
1,950
1,244
w it h
Total Value
$18,635
20,767
48,461
52,897
26,493
45,055
40,646
42,988
36,307
48,912
32,925
49,526
46,207
37,140
34,217
50,612
35,284
27,144
30,798
34,160
23,974
21,286
15,382
13,825
1,244
20
04
15
59
03
40
06
59
04
64
63
40
36
12
58
40
85
32
50
58
22
80
82
50
00
777 00
$835,671 82
Dues capital .
Profits capital
Unpaid dues .
$708,156 00
123,685 82
3,830 00
$835,671 82
$744,894 59
REPORT OF THE
172
[Pub. Doc.
o n O ct . 31, 1907
of real estate loans
.
336
size of same
.
. $1,865 33
rate of interest thereon
5 .01
of share loans .
.
193
size of same
.
.
$242 85
rate of interest thereon
5 .0 0
L oans
S h ar es
Number issued during year
.
. 3,718
“
withdrawn “
.
. 2,439
“
forfeited
“
.
.
72
“
matured
“
.
.
154
“
in force Oct. 31, 1907
15,293
“
borrowed upon Oct. 31,1907 4,353
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.35
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 J % ; second term, 2\%
M e m b e r s h ip
Number added during year .
.
396
“
withdrawn “
.
.
283
“
of members Oct. 31, 1907.
1,831
“
“ borrowers
“
“ .
529
“
“ non-borrowers “
“ . 1,302
R
R .
E .:
a t e s
5 %
,
o n
L
O
o a n s
$ 6 0 3 ,9 0 0 ;
b\
c t
% ,
.
3 1 ,
1 9 0 7
$ 1 0 ,8 5 0 ;
5 J %
,
$ 12,000
Share: 5 % , $46,870
D
a t e
o f
E
x a m
i n
a t i o n
,
M
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .4 3
Percentage of increase in assets dur
ing year
.
.
.
.
6 .6 6
Proportion of profits retained on voluntary
withdrawals, on series less than 4 years
old; one half of last dividend, on series
from 4 to 8 years old, one third of last
dividend; on series over 8 years old, one
quarter of last dividend
2 9
a y
T o tal E x p e n s e s
fo r
Y ear
Salaries
$1,893 65
.2202
Amount paid for
Per cent, of total assets
Other Expenses
$750 63
.0873
Total
$2,644 28
.3075
SOUTH FRAMINGHAM CO-OPERATIVE BANE:, SOUTH
FRAMINGHAM
President, A l f r e d M. E a m e s
Secretary and Treasurer, H a r r ie L. D a v e n p o r t
Security Committee: S a m u e l O. S t a p l e s , E l e a z a r G o u l d in g , F r a n k H . F a l e s
Incorporated April 16, 1889
Began business May 6, 1889
Regular meetings the first Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
“
fines
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $476,140
9,705
5,600
197
25
34
4,224
00
00
00
25
86
46
39
$495,926 96
Liabilities
Dues capital .
. $421,873 00
Profits capital
.
64,435 17
Guaranty fund
4,225 00
Surplus .
5,175 29
Interest
128 09
Forfeited share account
90 41
$495,926 96
BANK COMMISSIONER
No. 8]
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
$133,921 00
Dues capital .
Real estate loans repaid .
69,120 00
6,065 00
Share loans repaid .
200 00
Mortgages
Interest
24,406 01
406 66
Fines
.
.
.
.
Transfer fees .
3 00
184 33
Temporary expense
10,328 59
Matured share account
80 00
Profits capital
Cash on hand Oct. 31, 1906
5,716 52
$250,431 11
Disbursements
Dues capital withdrawn . $62,960 00
“
“
matured
7,456 00
Profits capital withdrawn
7,369 04
“
“
matured .
2,757 93
Real estate loans
144,685 00
Share loans
8,530 00
124 74
Interest
Temporary expense
1,959 82
Forfeited share account .
35 60
Matured share account
10,328 59
4,224 39
Cash on hand Oct. 31, 1907
$250,431 11
173
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
Value
Series per
Share
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
14 $197 65
15
186 62
175 90
16
165 50
17
18
155 40
145 61
19
20
136 10
21
126 85
22
117 82
23
109 02
24
100 43
92 05
25
83 87
26
27
75 89
28
68 11
60 52
29
30
53 12
31
45 89
32
38 84
33
31 96
34
25 25
18 70
35
36
12 31
37
6 08
Shares
Force
w it h
Total Value
in
$8,103
10,077
5,804
6,620
15,695
11,940
27,083
25,243
33,225
20,604
24,605
22,552
29,019
25,347
18,866
23,300
23,266
23,679
28,430
24,225
25,553
20,083
21,148
9,922
41
54
33
40
101
82
199
199
282
189
245
245
346
334
277
385
438
516
732
758
1,012
1,074
1,718
1,632
Suspense dues
Dues paid in advance
65
48
70
00
40
02
90
15
24
78
35
25
02
26
47
20
56
24
88
68
00
80
58
56
6 00
2,388 00
$486,793 17
Dues capital .
Profits capital
Unpaid dues .
$421,873 00
64,435 17
485 00
$486,793 17
Sh a r e s
Number issued during year
.
. 3,844
“
withdrawn “
.
. 2,201
“
matured
“
.
. 5 1
“
in force Oct. 31, 1907
10,932
borrowed upon Oct. 31, 1907 2,867
“
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.44
Number
Average
“
Number
Average
“
L o a n s o n O ct . 31, 1907
of real estate loans
.
292
size of same
.
. $1,630 61
rate of interest thereon
5 .2 3
of share loans .
.
69
size of same
.
.
$140 65
rate of interest thereon
5 .7 4
P r o f its
370
216
1,296
333
963
R a t e s o n L o an s O ct . 31, 1907
R. E .: 5 % , $366,050; 6 % , $109,290; 6 f % ,
$800
Share: 5 % , $2,500; 6 % , $7,205
M is c e l l a n e ous
Percentage of surplus and guaranty
fund to dues and profits capital
1.9 3
Percentage of increase in assets dur
ing year
.
.
.
.
18.15
Proportion of profits retained on voluntary
withdrawals, none
D ate
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2-J%; second term, 2J%
M e m b e r s h ip
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
for
of
Y
Salaries
$1,265
.2551
E x a m in a t io n , O cto ber 18
ear
Other Expenses
Total
$507 65
$1,772 65
.1024
.3575
[Pub. Doc
REPORT OF THE
174
SOUTH SHORE CO-OPERATIVE BANK, W EYM OUTH
President, Ch a r l e s G. S h ep p a r d
Secretary and Treasurer, Ch a r l e s G. J o r d a n
Security Committee: G e o r g e H . B ic k n e l l , C h a r l e s G. S h e p p a r d , Ch a r l e s A. H a y w a r d
Incorporated April 18, 1890
Began business May 5, 1890
Regular meetings the first Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
premiums
“
fines
Personal accounts
Insurance .
.
.
.
Cash in hands of treasurer .
. $147,625
2,640
732
2
124
30
15
3,674
Liabilities
. $127,276 00
Dues capital .
.
23,632 93
Profits capital
815 00
Guaranty fund
3,120 18
Surplus .
00
00
82
15
91
04
00
19
$154,844 11
$154,844 11
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
$34,265 00
Dues capital .
R. H. loans eliminated by
6,700 00
maturity of shares
9,000 00
Real estate loans repaid .
2,040 00
Share loans repaid .
1,486 68
Real estate by foreclosure
7,424 58
Interest
15 40
Premiums
331 20
Fines
.
.
.
.
75
Transfer fees .
Withdrawal profits .
277 37
80
Forfeited profits
6,517 95
Cash on hand Oct. 31, 1906
$68,059 73
Disbursements
Dues capital withdrawn .
“
forfeited
“
“
retired
“
“
matured
Profits capital withdrawn
“
forfeited .
“
retired
“
“
matured .
Real estate loans
Share loans
Real estate by foreclosure
Interest
Temporary expense
Personal accounts .
Insurance
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
$8,216
20
9,880
7,089
1,109
3
3,472
2,714
27,850
3,000
9
275
626
104
15
3,674
00
00
00
00
09
10
94
90
00
00
20
78
08
45
00
19
$68,059 73
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
Value
Series per
Share in Force
12 $198 80
187 59
13
14
176 73
166 19
15
155 95
16
17
146 01
18
136 34
126 96
19
117 86
20
21
109 03
22
100 44
92 06
23
24
83 88
75 90
25
68 12
26
60 53
27
28
53 12
45 89
29
38 84
30
31 96
31
32
25 25
18 70
33
12 31
34
6 08
35
Dues paid in advance
23
45
32
33
89
62
44
45
74
48
38
67
57
121
49
99
106
160
238
180
196
325
359
427
w it h
Total Value
$4,572
8,441
5,655
5,484
13,879
9,052
5,998
5,713
8,721
5,233
3,816
6,168
4,781
9,183
3,337
5,992
5,630
7,342
9,243
5,752
4,949
6,077
4,419
2,596
40
55
36
27
55
62
96
20
64
44
72
02
16
90
88
47
72
40
92
80
00
50
29
16
53 00
$152,097 93
Dues capital .
Profits capital
Unpaid dues .
$127,276 00
23,632 93
1,189 00
$152,097 93
No. 8]
BANK COMMISSIONEK
175
S h a r es
L o a n s o n O ct . 31, 1907
Number issued during year
.
.
852
Number of real estate loans
.
124
“
withdrawn “
.
.260 Average size of same
.
. $1,190 52
“
forfeited
“
.
.10
“
rate of interest thereon
5 .0 6
“
retired
“
.
. 6 9
Number of share loans .
.
16
“
matured
“
.
.49 Average size of same
.
.
$165 00
“
in force Oct. 31, 1907
. 2,917
“
rate of interest thereon
5 .0 2
“
borrowed upon Oct. 31, 1907
845
Average number held by each mem
P r o f it s d is t r ib u t e d
ber Oct. 31, 1907
.
.
.6.91
First term, 2 ^ % ; second term, 2J%
M e m b e r s h ip
Number added during year .
109
“
withdrawn “
.
. 5 6
“
of members Oct. 31, 1907.
422
“
“ borrowers
“
“ .
134
“
“ non-borrowers “
“ .
288
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $137,375; 5 i% , $2,600; 6 %,
$3,800; 6 .3 0 % , $3,850
Share: 5 % , $2,590; 6 % , $50
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .6 1
Percentage of increase in assets dur
ing year
.
.
.
.
6 .0 9
Proportion of profits retained on voluntary
withdrawals, 2 5 %
Date
T o ta l E x p e n s e s
fo r
of
Y ear
Salaries
$458
.2958
Amount paid for
Per cent, of total assets
E x a m in a t io n , M a y 16
Other Expenses
$168 08
.1085
Total
$626 08
.4043
SOUTH W EYMOUTH CO-OPERATIVE BANK, SOUTH
WEYMOUTH
President, G e o r g e L. W
Secretary, F r a n k H. R ich ards
Treasurer, E l l is J. P it c h e r
entw orth
Security Committee: F r a n c is F. B u l l o c k , C h a r l e s H. Cl a p p , Ja m e s F. F r a w l e y ,
E l l is J. P it c h e r , J o h n H . S t e t so n
Incorporated Feb. 28, 1889
Began business March 9, 1889
Regular meetings the second Saturday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
$154,200 00
Less due on mtge. loans 4,700 00 $149,500 00
Loans on shares .
.
.
.
6,325 00
Common form mortgages
.
.
1,800 00
Real estate by foreclosure, etc.
.
234 81
Unpaid premiums
.
.
.
1 90
“
fines
.
.
.
.
146 95
Permanent expense account .
.
30 00
Temporary expense account .
.
132 00
Cash in hands of treasurer .
.
198 16
Liabilities
Dues capital .
. $128,762 00
Profits capital
.
24,563 50
Guaranty fund
1,986 23
Surplus .
1,600 92
Interest
383 98
Withdrawal profits .
93 86
Forfeited share account
23 40
Personal accounts .
954 93
$158,368 82
$158,368 82
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
176
R
REPORT OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Uncompleted mtge. loans
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Personal accounts .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
e c o n c il ia t io n
D
D
a t e
o f
I
ssu e
$34,519 00
4,500
9,075
1,785
17,875
56
8,466
41
312
1
253
1
628
1
5,232
00
00
00
00
00
71
46
38
25
81
80
10
00
23
$82,748 74
Disbursements
Dues capital withdrawn .
“
forfeited
“
“
retired
“
“
matured
Profits capital withdrawn
“
forfeited .
“
“
retired
“
“
matured .
Real estate loans
Share loans
Uncompleted mtge. loans
Real estate by foreclosure
Interest
Temporary expense
Personal accounts .
Cash on hand Oct. 31, 1907
R
ear
$7,597
36
8,580
3,305
1,017
7
2,634
1,428
41,175
2,775
13,175
102
181
489
47
198
00
00
00
00
07
17
17
48
00
00
00
00
75
34
60
16
$82,748 74
Mar.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
ues
and
[Pub. Doc,
op
P
Sh
are
r o f it s
A ccount
C a p it a l
Value
Shares
Series per
Share in Force
15 $199 41
17
176 29
18
165 26
19
154 58
20
144 18
21
134 14
22
124 40
23
114 96
24
105 83
25
96 97
88 35
26
27
79 97
28
71 83
29
63 92
30
56 23
48 74
31
32
41 46
33
34 39
34
27 52
35
20 85
14 38
36
37
8 10
38
2 00
Dues paid in advance
15
20
10
15
85
127
93
133
84
43
45
109
119
80
135
148
147
199
253
325
170
518
279
w it h
Total Value
$2,991
3,525
1,652
2,318
12,255
17,035
11,569
15,289
8,889
4,169
3,975
8,716
8,547
5,113
7,591
7,213
6,094
6,843
6,962
6,776
2,444
4,195
558
15
80
60
70
30
78
20
68
72
71
75
73
77
60
05
52
62
61
56
25
60
80
00
232 00
$154,963 50
Dues capital .
Profits capital
Unpaid dues .
$128,762 00
24,563 50
1,638 00
$154,963 50
No. 8]
BANK COMMISSIONER,
Sh
177
o a n s o n O c t . 31, 1907
of real estate loans
.
188
size of same
.
.
$795 22
rate of interest thereon
6 .0 3
of share loans .
.
38
size of same
.
.
$166 45
rate of interest thereon
6 .0 0
L
ares
Number issued during year
.
.
883
“
withdrawn “
.
.
292
“
forfeited
“
.
.
3
“
retired
“
77
matured
“
24
“
“
in force Oct. 31, 1907
. 3,152
“
borrowed upon Oct. 31, 1907
951
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.42
Number
Average
“
Number
Average
“
P
r o f it s
d is t r ib u t e d
First term, 3 % ; second term, 3 %
M
e m b e r s h ip
Number added during year
.
“
withdrawn “
.
“
of members Oct. 31, 1907
“ ■ “ borrowers
“
“
“
“ non-borrowers “
“
.
. 4
98
8
491
151
340
.
.
M
R a t e s o n L o a n s O c t . 31, 1907
E .: 6 % , $141,125; 6 .3 0 % , $5,725;
6 .6 0 % , $175; 6 .9 0 % , $775; 7 .2 0 % ,
$1,500; 7 4 % , $200
Share: 6 % , $6,325
R.
T
E
otal
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .3 4
Percentage of increase in assets dur
ing year
.
.
.
.
13.09
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
xpen ses
ate
for
of
E
Y
ear
x a m in a t io n
Salaries
$360
.2272
Amount paid for
Per cent, of total assets
, M
a y
Other Expenses
$129 34
.0811
24
Total
$489 34
.3083
SPRINGFIELD CO-OPERATIVE BANK, SPRINGFIELD
President,
L.
C.
Sch
Secretary, E. S.
e u in g
Treasurer, C. H.
Security Committee:
C.
H.
Ch
u r c h il l
Incorporated April 13, 1882
Ch
, S.
B
atch elder
u r c h il l
D.
Sh
erw ood
,
W . D.
B
ig e l o w
Began business May 9, 1882
Regular meetings the second Tuesday of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Personal accounts
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
eet
, O
ctober
. $338,425 00
.
15,015 00
6,772 40
535 91
79 03
3 00
.
12,500 28
$373,330 62
31, 1907
Liabilities
Dues capital .
. $317,033 00
Profits capital
.
44,997 98
Guaranty fund
4,417 33
Surplus .
6,000 00
Forfeited share account
192 99
Profit and loss
689 32
$373,330 62
178
R
REPOET OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Uncompleted mtge. loans
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Cash on hand Oct. 31, 1906
ear
D
$93,326
73,850
17,950
12,500
17,812
18,279
488
15
559
1
94
9,021
e c o n c il ia t io n
D
00
00
00
00
35
96
36
50
47
95
62
92
$243,900 13
Disbursements
Dues capital withdrawn . $51,379 00
90 00
“
forfeited
“
retired
47,154 00
Profits capital withdrawn
7,669 34
“
forfeited .
7 83
12,337 02
“
retired
Real estate loans
81,625 00
Share loans
14,625 00
Uncompleted mtge. loans
12,500 00
Real estate by foreclosure
1,217 75
Interest
510 95
Temporary expense
2,003 99
Forfeited share account .
273 60
Fines refunded
30
Profit and loss
6 07
Cash on hand Oct. 31, 1907
12,500 28
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
a t e
o f
Aug.,
Nov.,
Feb.,
May,
May,
Aug.,
Nov.,
Feb.,
May,
Nov.,
Feb.,
May,
Aug.,
Nov.,
Feb.,
May,
Aug.,
Nov.,
Feb.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
ues
and
Series
[Pub. Doc
of
P
Sh
are
r o f it s
Value
1895 39 $201 18
1895 40
195 53
1896 41
189 93
1896 42
184 48
1897 46
163 47
1897 47
158 38
1897 48
153 41
1898 49
148 49
1898 50
143 69
1898 52
134 22
1899 53
129 60
1899 54
125 07
1899 55
120 64
1899 56
116 20
1900 57
111 90
1900 58
107 55
1900 59
103 33
1900 60
99 10
1901 • 61
95 02
1901 62
90 88
1901 63
82 93
1902 64
75 18
1902 65
67 55
1903 66
60 06
1903 67
52 75
1904 68
45 60
1904 69
38 66
1905 70
31 84
1905 71
25 17
1906 72
18 67
1906 73
12 30
1907 74
6 08
A ccount
C a p it a l
w it h
Shares
Total Value
10
3
12
17
5
33
26
4
8
17
6
131
117
63
131
150
160
252
279
146
164
402
263
286
273
471
398
461
598
533
1,211
972
$2,011
586
2,279
3,136
817
5,226
3,988
593
1,149
2,281
777
16,384
14,114
7,320
14,658
16,132
16,532
24,973
26,510
13,268
13,600
30,222
17,765
17,177
14,400
21,477
15,386
14,678
15,051
9,951
14,895
5,909
80
59
16
16
35
54
66
96
52
74
60
17
88
60
90
50
80
20
58
48
52
36
65
16
75
60
68
24
66
11
30
76
$243,900 13
Dues paid in advance
292 00
$363,553 98
Dues capital .
Profits capital
Unpaid dues . _
$317,033 00
44,997 98
1,523 00
$363,553 98
No. 8]
BANK COMMISSIONER
Sh
ares
Number issued during year
.
. 2,295
“
withdrawn “
.
. 908
“
forfeited
“
3
“
retired
“
.
. 449
“
in force Oct. 31, 1907
. 7,602
“
borrowed upon Oct. 31, 1907 2,247
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.41
Number
Average
“
Number
Average
“
179
L o a n s o n O c t . 31, 1907
of real estate loans
.
232
size of same
.
. $1,458 73
rate of interest thereon
5 .0 0
of share loans .
.
141
size of same
.
. $106 49
rate of interest thereon
5 .0 0
P
r o f it s
d is t r ib u t e d
First term, 2 £ % ; second term, 2 f %
M
e m b e r s h ip
Number added during year .
. 380
“
withdrawn “
.
. 268
“
of members Oct. 31, 1907. 1,185
“
“ borrowers
“
“ .
249
“
“ non-borrowers “
“ .
936
R
ates
on
L
oans
O
ct.
M
31, 1907
R. E .: 5 % , $338,425
Share: 5 % , $15,015
D
ate
of
E
x a m in a t io n
, Ju
24
ne
T
E
otal
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .8 8
Percentage of decrease in assets dur
ing year
.
.
.
.
1 .68
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old; 2 0 % on series from 5 to 6
years old; 1 5% on series from 6 to 7
years old; 5 % on series from 7 to 8 years
old; after 8 years, none
xpen ses
Y
for
ear
Salaries
$1,380 22
.3697
Amount paid for
Per cent, of total assets
Other Expenses
Total
$623 77
$2,003 99
.1671
.5368
STONEHAM CO-OPERATIVE BANK, STONEHAM
President,
W
il l ia m
B.
Security Committee:
Sn
S id
Secretary and Treasurer,
o w
n ey
A.
H
il l
, Ch
arles
Incorporated Jan. 10, 1887
J.
E
m erso n
G
, Ch
N.
eorge
arles
B
G
reen
a l d w in
Began business Feb. 1, 1887
Regular meetings the first Tuesday of each month
B
alance
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
.
.
.
“
fines
.
.
.
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
eet
, O
$186,100
7,950
9,300
6,423
494
65
.
1,627
ctober
00
00
00
16
43
18
69
$211,960 46
31, 1907
Liabilities
Dues capital .
. $177,986 00
Profits capital
.
30,304 16
Guaranty fund
2,150 00
Surplus .
1,488 88
Forfeited share account
31 42
$211,960 46
180
R
KEPOKT OF THE
e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
ear
R
e c o n c il ia t io n
D
Receipts
Dues capital .
$42,459 00
Real estate loans eliminated by foreclosure
1,400 00
Real estate loans repaid .
19,150 00
Share loans repaid .
3,650 00
Real estate by foreclosure
8,644 80
Interest
9,322 03
Fines
.
.
.
.
174 80
Transfer fees .
3 00
Withdrawal profits .
143 30
Forfeited profits
7 00
Cash on hand Oct. 31, 1906
6,105 26
$91,059 19
Disbursements
Dues capital withdrawn . $18,656 00
128 00
“
“
forfeited
“
“
retired
3,293 00
Profits capital withdrawn
3,378 89
“
forfeited .
32 20
502 40
“
“
retired
Real estate loans
51,500 00
Share loans
6,750 00
Mortgages
2,200 00
2,284 66
Real estate by foreclosure
Interest
55 60
Temporary expense
650 75
Cash on hand Oct. 31, 1907
1,627 69
D
[Pub. Doc
a t e
I
o f
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
ues
ssu e
1895
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
of
P
and
Sh
are
r o f it s
Value
Series
A ccount
C a p it a l
w it h
Shares
Total Value
46
58
54
20
34
85
30
61
53
92
124
81
73
112
224
178
167
222
143
202
196
251
307
317
528
$9,356
11,159
9,815
3,428
5,486
12,891
4,266
8,114
6,578
10,620
13,263
7,992
6,610
9,254
16,770
11,975
9,996
11,677
6,506
7,789
6,226
6,307
5,722
3,895
3,210
18 $203 40
19
192 41
20
181 76
21
171 43
22
161 38
23
151 67
24
142 21
25
133 02
26
124 12
27
115 44
28
106 96
29
98 67
30
90 56
82 63
31
32
74 87
33
67 28
34
59 86
35
52 60
45 50
36
37
38 56
38
31 77
39
25 13
40
18 64
41
12 29
42
6 08
Dues paid m advance
40
78
04
60
92
95
30
22
36
48
04
27
88
56
88
84
62
20
50
12
92
63
48
93
24
91 00
$91,059 19
$209,009 16
Dues capital .
Profits capital
Unpaid dues .
$177,986 00
30,304 16
719 00
$209,009 16
Sh
ares
Number issued during year
.
877
“
withdrawn “
.
.
391
“
forfeited
“
.
7
“
retired
"
40
“
in force Oct. 31, 1907
. 3,658
“
borrowed upon Oct. 31, 1907 1,184
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.97
Number
Average
“
Number
Average
“
L o a n s o n O c t . 31, 1907
of real estate loans
.
170
size of same
.
. $1,094 71
rate of interest thereon
5 .0 0
of share loans
.
.
37
size of same
.
. $214 86
rate of interest thereon
5 .0 0
P
r o f it s
d is t r ib u t e d
First term, 2|-%; second term, 2-J-%
M
Number
“
“
“
“
R
e m b e r s h ip
added during year .
.
withdrawals,
of members Oct. 31, 1907.
“ borrowers
“
“ .
“ non-borrowers “
“ .
ates
on
L
oans
O
ct
.
74
30
525
174
351
31, 1907
R. E .: 5 % , $186,100
Share: 5 % , $7,950
D
T
otal
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M
E
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .75
Percentage of increase in assets dur
ing year
.
.
.
.
13.37
Proportion of profits retained on voluntary
withdrawals, $1
xpen ses
ate
of
E
x a m in a t io n
, O
ctober
4
fo r Y e a r
Salaries
. $528 37
.2493
Other Expenses
Total
$122 38
.0577
$650 75
.3070
No. 8]
BANK COMMISSIONER
181
STOUGHTON CO-OPERATIVE BANK, STOUGHTON
President, W
ales
Secretary and Treasurer, H e n r y W . B r it t o n
F rench
Security Committee: R ich a r d B. W
Incorporated March 23, 1886
ard,
W
ebster
S m it h , H e n r y S. J o n es
Began business April 10, 1886
Regular meetings the second Saturday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
$258,953 32
Less due on mtge. loans 2,500 00 $256,453 32
Loans on shares .
4,950 00
Temporary expense account .
31 25
Personal accounts
3,072 65
Cash in hands of treasurer .
711 08
Liabilities
Dues capital .
. $219,178 00
Profits capital
.
34,942 57
Guaranty fund
2,258 38
Surplus .
1,832 46
Interest
1,197 92
Fines
56 04
Withdrawal profits .
71 48
Forfeited share account
213 68
Matured share account
5,467 77
$265,218 30
$265,218 30
R e c e ip t s
and
e n d in g
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans eliminated by foreclosure
Real estate loans repaid .
Share loans repaid .
Uncompleted mtge. loans
Real estate by foreclosure
Interest
Fines
.
Transfer fees .
Withdrawal profits .
Forfeited share account .
Matured share account
Personal accounts .
Surplus .
.
.
.
Cash on hand Oct. 31, 1906
D
a t e
o f
I
ssu e
$65,332 00
5,000
31,425
5,165
2,500
3,152
12,952
759
1
262
950
8,107
361
5
1,986
00
00
00
00
55
30
64
00
10
28
93
48
00
94
$137,961 22
Disbursements
Dues capital withdrawn . $36,209 00
“
“
forfeited
1,001 00
“
“
matured
6,192 00
5,894 52
Profits capital withdrawn
“
forfeited .
227 16
2,515 93
“
“
matured .
67,575 00
Real estate loans
6,150 00
Share loans
500 00
Uncompleted mtge. loans
3,152 55
Real estate by foreclosure
2 56
Interest
Temporary expense
1,320 11
754 60
Forfeited share account .
2,640 16
Matured share account
3,115 55
Personal accounts .
711 08
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
Value
Series per
Share in Force
18 $192 88
181 58
19
20
170 69
21
160 08
22
149 81
23
139 87
24
130 22
25
120 87
111 80
26
102 98
27
28
94 40
29
86 07
30
77 98
70 14
31
32
62 53
55 11
33
34
47 88
35
40 82
33 94
36
37
27 23
38
20 69
14 31
39
8 08
40
2 00
41
Dues paid in advance
22
56
60
81
79
31
60
108
82
115
144
180
204
179
240
280
245 ■
298
303
408
604
517
720
563
w it h
Total Value
$4,243
10,168
10,241
12,966
11,834
4,335
7,813
13,053
9,167
11,842
13,593
15,492
15,907
12,555
15,007
15,430
11,730
12,164
10,283
11,109
12,496
7,398
5,817
1,126
36
48
40
48
99
97
20
96
60
70
60
60
92
06
20
80
60
36
82
84
76
27
60
00
239 00
$256,021 57
Dues capital .
Profits capital
Unpaid dues .
$219,178 00
34,942 57
1,901 00
$256,021 57
[Pub. Doc.
REPORT OF THE
182
Sh
o a n s o n O c t . 31, 1907
of real estate loans
.
248
size of same
.
. $1,034 09
rate of interest thereon
5 .0 0
of share loans .
.
36
size of same
.
.
$137 50
rate of interest thereon
6 .0 0
L
ares
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,554
“
withdrawn “
.
. 1,112
“
forfeited
“
22
“
matured
“
.
. 4 3
“
in force Oct. 31, 1907
. 5,579
“
borrowed upon Oct. 31, 1907 1,514
Average number held by each mem
ber Oct. 31, 1907 . .
.
.7.40
P
r o f it s
d is t r ib u t e d
First term, 2 J % ; second term, 2J %
M
M
e m b e r s h ip
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
R
ates
on
L
oans
O
ct
.
.
.
.
.
31, 1907
R. E .: 5 % , $256,453.32
Share: 6 % , $4,950
D
T
E
otal
xpen ses
ate
for
of
E
Y
ear
Salaries
$1,114 22
.4201
Amount paid for
Per cent, of total assets
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.61
Percentage of increase in assets dur
ing year
.
.
.
.
13.25
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less thanJS
years old; after 5 years, none
192
143
754
284
470
x a m in a t io n
, O
ctober
29
Other Expenses
Total
$214 80
$1,329 02
.0810
.5011
SUFFOLK CO-OPERATIVE BANK, BOSTON
President,
Ch
arles
E . Stu
Security Committee:
E
Secretary and Treasurer,
m cke
Se
dw ard
a ve r
, F
ran k
Incorporated Dec. 11, 1885
A.
Ch
il d s ,
W
G
M. N
eorge
il l ia m
H.
W
ay
atts
Began business Jan. 1, 1886
Regular meetings the first Wednesday of each month
B
alance
Assefs
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.,
Unpaid dues
“
interest .
“
fines
Permanent expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Sh
eet
, O
$60,095
4,375
50
249
543
188
32
139
605
ctober
00
00
00
08
00
84
22
50
83
$66,278 47
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Forfeited share account .
Suspense account
$57,490
7,583
350
619
194
41
00
84
00
33
05
25
$66,278 47
R e c e ip t s
183
BANK COMMISSIONER
No. 8]
and
D is b u r s e m e n t s , Y
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
L, 1907
Receipts
$18,050 00
Dues capital .
2,050 00
Real estate loans repaid
4,040 00
Share loans repaid .
3,000 00
Mortgages
151 15
Real estate by foreclosure
3,287 02
Interest
52 33
Premiums
118 28
Fines
186 63
Withdrawal profits .
96 00
Temporary.expense
95 65
Personal accounts .
1,930 73
Cash on hand Oct. 31, 1906
$33,057 79
Disbursements
Dues capital withdrawn
“
“
matured
Profits capital withdrawn
“
“
matured
Real estate loans
Share loans
Mortgages
Real estate by foreclosure
Interest
Temporary expense
Personal accounts .
Surplus .
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,720
5,495
748
1,911
12,650
2,740
50
19
37
743
200
136
605
00
00
22
34
00
00
00
94
20
46
00
80
83
$33,057 79
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
Feb.,
May,
Aug.,
Nov.,
Feb.,
May,
Aug.,
Nov.,
Feb.,
May,
Aug.,
Nov.,
Feb.,
May,
Aug.,
Nov.,
Feb.,
May,
Aug.,
I
ssu e
1895
1896
1896
1897
1897
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1903
1903
1904
1904
1904
1904
1905
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
Shares
Value
Series per
Share in Force
21 $192 21
181 34
22
170 84
23
160 64
24
150 83
25
132 18
27
28
123 24
114 55
29
106 08
30
97 86
31
32
89 78
81 94
33
74 27
34
66 79
35
63
12
36
37
59 50
38
55 90
52 33
39
48
80
40
41
45 31
41 86
42
38 44
43
44
35 07
45
31 71
28 39
46
25 11
47
21 84
48
18 63
49
15 44
50
12 28
51
52
9 16
6 07
53
54
3 02
Dues paid in advance
7
17
15
2
10
19
40
27
20
36
31
15
14
41
60
47
44
22
23
16
25
83
96
72
48
56
122
36
58
113
106
119
63
w it h
Total Value
$1,345
3,082
2,562
321
1,508
2,511
4,929
3,092
2,121
3,522
2,783
1,229
1,039
2,738
3,787
2,796
2,459
1,151
1,122
724
1,046
3,190
3,366
2,283
1,362
1,406
2,664
670
895
1,387
970
722
190
47
78
60
28
30
42
60
85
60
96
18
10
78
39
20
50
60
26
40
96
50
52
72
12
72
16
48
68
52
64
96
33
26
85 00
$65,073 84
Dues capital .
Profits capital
Unpaid dues .
$56,947 00
7,583 84
543 00
$65,073 84
*
184
REPORT OF THE
Sh
L o a n s o n O c t . 31, 1907
of real estate loans
.
38
size of same
.
. $1,581 45
rate of interest thereon
5 .2 0
of share loans .
.
31
size of same
.
.
$141 13
rate of interest thereon
5 .54
ares
Number issued during year
.
.
454
“
withdrawn “
.
. 3 2 3
“
matured
“
' .
.
37
“
in force Oct. 31, 1907
. 1,503
“
borrowed upon Oct. 31, 1907
472
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.89
Number
Average
“
Number
Average
“
P
M
.
.
.
.
1907.
“ .
“ .
47
43
218
56
162
M
D
otal
E
d is t r ib u t e d
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .49
Percentage of increase in assets dur
ing year
.
.
.
.
9 .0 5
Proportion of profits retained on voluntary
withdrawals, 2 5%
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , 853,275; 6 % , $450; 6 .3 0 % ,
$3,700; 7\% , $2,670
Share: 5 % , $2,000; 6 % , $2,375
T
r o f it s
First term, 1J % ; second term, l|-% ; third
term, l-J-%; fourth term, l|-%
e m b e r s h ip
Number added during year
“
withdrawn “
“
of members Oct. 31,
“
“ borrowers
“
“
“ non-borrowers “
[Pub. Doc
xpen ses
ate
for
of
E
Y
ear
Salaries
$300
.4526
Amount paid for
Per cent, of total assets
x a m in a t io n
, F
26
ebru ary
Other Expenses
$347 46
.5242
Total
$647 46
.9768
TAUNTON CO-OPERATIVE BANK, TAUNTON
President,
Joh
n
J. B
Secretary,
a r k e r
Security Committee:
D
Treasurer,
G
Ca
, T
a n ie l
r ey
Incorporated March 2, 1880
eo
. E. D
homas
H
erbert
O. M
o rse
ean
B
a k er
, H
erbert
N.
P
ie r c e
Began business March 17, 1880
Regular meetings the first Tuesday after fifteenth of each month
B
alance
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Permanent expense account .
Cashiin hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Sh
eet
, O
ctober
. $591,900 00
.
19,650 00
2,824 79
333 38
205 95
3,512 43
$618,426 55
31, 1907
Liabilities
Dues capital .
. $517,337 00
Profits capital
.
93,195 30
Guaranty fund
3,422 39
Surplus .
4,337 92
Forfeited share account
133 94
$618,426 55
R e c e ip t s
185
BANK COMMISSIONER
No. 8]
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
.
. !
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Fines
.
.
.
.
Transfer fees .
Cash on hand Oct. 31, 1906
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
D
00
00
00
49
98
31
00
20
$325,715 98
Disbursements
Dues capital withdrawn
“
retired
Profits capital withdrawn
“
“
retired
Real estate loans
Share loans
Real estate by foreclosure
Interest
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1907
00
00
23
63
00
00
35
27
97
10
43
a t e
o f
May,
May,
May,
May,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1896
1897
1898
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
Value
Series per
Share in Force
17 $187 05
18
165 74
145 63
19
126 68
20
108 77
21
22
100 19
91 82
23
24
83 67
75 72
25
67 96
26
27
60 39
28
53 00
45 80
29
38 78
30
31 92
31
32
25 23
18 69
33
34
12 31
6 08
35
129
335
586
550
545
87
526
109
644
131
802
230
823
249
1,065
432
1,355
699
1,770
w it h
Total Value
$24,129
55,522
85,339
69,674
59,279
8,716
48,297
9,120
48,763
8,902
48,432
12,190
37,693
9,656
33,994
10,899
25,324
8,604
10,761
45
90
18
00
65
53
32
03
68
76
78
00
40
22
80
36
95
69
60
$615,303 30
$325,715 98
Dues capital .
Profits capital
Unpaid dues .
Suspense dues
$517,337
93,195
4,368
403
00
30
00
00
$615,303 30
Sh a r e s
Number issued during year
.
. 2,549
“
withdrawn
“
.
. 1,788
“
retired
“
.
.
103
“
in force Oct. 31, 1907
11,067
“
borrowed upon Oct. 31, 1907 3,822
Average number held by each mem
ber Oct. 31, 1907
.
..
.7.59
L o a n s o n O ct . 31, 1907
Number of real estate loans
.
361
Average size of same
.
. $1,639 61
“ rate of interest thereon
5 .3 0
Number of share loans
.
.
73
Average size of same
.
.
$269 18
“
rate of interest thereon
5 .3 0
P r o f its
R ates
on
L o an s O ct . 31, 1907
R. E .: 5 .3 0 % , $591,900
Share: 5 .3 0 % , $19,650
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .27
Percentage of increase in assets dur
ing year
.
.
.
.
5 .3 5
Proportion of profits retained on voluntary
withdrawals, none
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2-J%; second term, 2 |%
M e m b e r sh ip
Number added during year .
.
151
“
withdrawn
“
.
.
78
“
of members Oct. 31, 1907. 1,459
“
“ borrowers
“
“ .
434
“
“ non-borrowers “
“ . 1,025
fo r
of
Y
E x a m in a t io n , Ju l y 23, 24, 25
ear
Salaries
$1,110
.1795
Other Expenses
Total
$224 97
$1,334 97
.0363
.2158
REPORT OF THE
186
[Pub. Doc
TROY CO-OPERATIVE BANK, FALL RIVER
Secretary and Treasurer, G eo r g e H. E d d y , Jr.
President, Je r o m e C. B o r d e n
Security Committee: J o h n M. Y o u n g , T h o m as D . C o v e l , Ja m e s A ll a r d ic e
Incorporated July 18, 1880
Began business July 20, 1880
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Bonds and notes
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Cash in hands of treasurer .
R e c e ip t s
and
e n d in g
.
.
.
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
00
00
00
28
02
64
52
Liabilities
Dues capital .
. $567,308 00
Profits capital
.
87,989 47
Guaranty fund
4,852 62
Surplus .
.
25,888 89
Forfeited share account
17 41
Personal accounts .
166 55
Suspense account .
4 23
Advanced payments
316 29
$686,543 46
$686,543 46
$6,950
630,800
36,500
3,458
1,625
68
7,141
Receipts.
$167,824 00
Dues capital .
Real estate loans repaid . 126,000 00
23,450 00
Share loans repaid .
29,909 49
Notes and bonds
482 58
Real estate by foreclosure
35,274
51
Interest
520 34
Fines
.
.
.
.
Suspense account
89 78
621 25
Forfeited share account .
150 00
Personal accounts .
Advanced payments
2,813 60
31,110 33
Cash on hand Oct. 31, 1906
$418,245 88
Disbursements
Dues capital withdrawn . $107,058
“
forfeited
680
“
“
retired
42,170
Profits capital withdrawn
19,384
132
“
forfeited .
“
“
retired
9,227
166,384
Real estate loans
Share loans
22,150
Notes and bonds
36,859
142
Real estate by foreclosure
639
Interest
Temporary expense
2,680
621
Forfeited share account .
Suspense account
88
2,884
Advanced payments
7,141
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
00
00
00
12
89
78
55
00
49
66
D
a t e
o p
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per
Share in Force
32 $199 50
188 40
33
34
177 61
35
167 18
36
157 04
37
147 19
38
137 64
128 29
39
40
119 25
41
110 40
42
101 77
43
93 37
44
85 18
77 18
45
46
69 36
47
61 73
48
54 30
49
47 05
50
39 97
51
33 06
52
26 32
53
19 75
54
13 34
55
7 09
1 00
56
39
73
25
90
60
52
$418,245 88
57
97
80
153
135
98
142
224
164
175
246
361
489
560
479
820
798
798
807
968
1,104
1,521
1,306
2,132
1,439
w it h
Total Value
$11,371
18,274
14,208
25,578
21,200
14,424
19,544
28,736
19,557
19,320
25,035
33,706
41,653
43,220
33,223
50,618
43,331
37,545
32,255
32,002
29,057
30,039
17,422
15,115
1,439
50
80
80
54
40
62
88
96
00
00
42
57
02
80
44
60
40
90
79
08
28
75
04
88
00
$657,884 47
Dues capital .
Profits capital
Unpaid dues .
$567,308 00
87,989 47
2,587 00
$657,884 47
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
. 3,933
“
withdrawn “
.
. 2,546
“
forfeited
“
22
“
retired
“
.
.
449
“
in force Oct. 31, 1907
15,153
“
borrowed upon Oct. 31, 1907 4,264
Average number held by each mem
ber Oct. 31, 1907
.
.
.1 0 . 0 7
Number
Average
“
Number
Average
“
187
L o a n s o n O ct . 31, 1907
of real estate loans
.
308
size of same
.
. $2,048 05
rate of interest thereon
5 .5 0
of share loans .
.
200
size of same
.
.
$182 50
rate of interest thereon
5 .5 0
P r o f its
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M e m b e r s h ip
Number added during year .
.
377
“
withdrawn “
.
.
328
“
of members Oct. 31, 1907. 1,505
“
“ borrowers
“
“
.
413
“
“ non-borrowers “
“
. 1,092
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 i% , $626,200; 6 % , $4,600
Share: 5 i% , $36,300; 6 % , $200
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .6 9
Percentage of increase in assets dur
ing year
.
.
.
.
3 .2 2
Proportion of profits retained on voluntary
withdrawals, none
D ate
T o ta l E x p e n s e s
of
fo r
Y ear
Salaries
$2,002 50
.2917
Amount paid for
Per cent, of total assets
E x a m in a t io n , Ju l y 1, 2
Other Expenses
Total
$678 23
$2,680 73
.0988
.3905
VOLUNTEER CO-OPERATIVE BANK, BOSTON
President, J o h n J. D e l e a
Secretary and Treasurer, Ja m e s B . D o o l e y
Security Committee: C h a r l e s L o g u e , F r a n k A. Ch il d s , J oh n A. R e e d ,
Ja m e s B . D o o l e y
Incorporated Nov. 16, 1887
Began business Jan. 1, 1888
Regular meetings the third Wednesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid fines
Temporary expense account .
Personal accounts
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $764,365 00
.
42,600 00
1,162 53
6,000 00
29 25
280 01
299 77
11,740 53
Liabilities
Dues capital .
. $693,352 00
Profits capital
. 117,288 75
Guaranty fund
7,200 00
Surplus
6,951 13
Interest
1,032 00
Withdrawal profits .
370 38
Forfeited share account
207 16
Personal accounts .
75 67
$826,477 09
$826,477 09
REPORT OF THE
188
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid .
Real estate by foreclosure
Interest
Profits capital
Fines
Surplus .
Withdrawal profits
Forfeited share account
Matured share account
Personal accounts .
Cash on hand Oct. 31, 1906
D
a t e
o p
I
ssu e
00
00
00
00
19
30
13
00
08
81
38
62
19
75
$416,646 45
Disbursements
‘Dues capital withdrawn
“
forfeited
“
“
matured
Profits capital withdrawn
“
forfeited
“
matured
Real estate loans
Share loans
Surplus .
Real estate by foreclosure
Interest
Temporary expense
Fines
Forfeited share account
Matured share account
Personal accounts .
Cash onhand Oct. 31,1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of Sh a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
00
00
00
00
01
72
02
00
00
13
17
27
59
47
38
15
01
53
$416,646 45
[Pub. Doc
July,
Oct.,
Jan.,
Apr.,
Juiy,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
1895
1895
1896
1896
1896
1896
1897
1897
1897
1897
1898
1898
1898
1898
1899
1899
1899
1899
1900
1900
1900
1900
1901
1901
1901
1901
1902
1902
1902
1902
1903
1903
1903
1903
1904
1904
1904
1904
1905
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
1907
Value,
Shares
Series per
Share in Force
21 $200 35
22
195 84
190 41
23
24
185 01
25
179 70
174 51
26
27
169 38
28
164 32
159 32
29
154 42
30
31
149 58
32
144 82
140 10
33
34
135 40
35
130 79
126 25
36
121 78
37
38
117 37
112 98
39
108 68
40
104 45
41
42
100 22
96 11
43
44
91 99
45
87 95
46
83 94
47
80 00
48
76 10
72 25
49
68 45
50
64 69
51
52
60 98
57 31
53
54
53 68
55
50 09
46 57
56
57
43 07
58
39 61
36 19
59
32 81
60
61
29 47
62
26 16
22 89
63
64
19 66
65
16 46
66
13 30
67
10 17
68
7 08
4 02
69
1 00
70
Dues paid in advance
97
80
76
128
74
74
161
174
122
91
231
94
115
70
112
153
95
160
121
123
69
104
301
8 8
79
140
508
309
226
271
358
310
360
293
424
394
404
394
616
537
383
509
749
619
738
798
1,038
701
824
707
w it h
Total Value
$19,433
15,667
14,471
.23,681
13,297
12,913
27,270
28,591
19,437
14,052
34,552
13,613
16,111
9,478
14,648
19,316
11,569
18,779
13,670
13,367
7,207
10,422
28,929
8,095
6,948
11,751
40,640
23,514
16,328
18,549
23,159
18,903
20,631
15,728
21,238
18,348
17,400
15,606
22,293
17,618
11,287
13,315
17,144
12,169
12,147
10,613
10,556
4,963
3,312
707
95
20
16
28
80
74
18
68
04
22
98
08
50
00
48
25
10
20
58
64
05
88
11
12
05
60
00
90
50
95
02
80
60
24
16
58
28
34
04
97
01
44
61
54
48
40
46
08
48
00
2,627 00
$816,081 75
Dues capital .
Profits capital
Unpaid dues .
$693,352 00
117,288 75
5,441 00
$816,081 75
No. 8]
BANK COMMISSIONER
S h a r es
189
o n O ct . 31, 1907
of real estate loans
.
378
size of same
.
. $2,022 13
rate of interest thereon
5 .0 2
of share loans .
.
185
size of same
.
.
$230 27
rate of interest thereon
5 .2 5
L oans
Number issued during year
.
. 4,194
“
withdrawn “
.
. 3,385
“
forfeited
“
. .
75
“
matured
“
.
. 294
“
in force Oct. 31, 1907
15,602
“
borrowed upon Oct. 31, 1907 5,154
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.47
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 1 £ % ; second term, 1 } % ; third
term, 1J % ; fourth term, l\ %
M e m b e r s h ip
Number added during year .
.
411
“
withdrawn “
.
.
317
“
of members Oct. 31, 1907.
1,842
“
“ borrowers
“
“ .
477
“
“ non-borrowers “
“ . 1,365
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $743,500; 5 i% , $3,900; 5 4% ,
$7,715; 6 % , $9,250
Share: 5 % , $31,300; 5 |% , $500; 6 % ,
$10,800
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital "
1.75
Percentage of increase in assets dur
ing year
.
.
.
.
6 .1 8
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
fo r
of
Y
Salaries
$2,160
.2609
Amount paid for
Per cent, of total assets
E x a m in a t io n , M a y 31
ear
Other Expenses
$1,442 59
.1750
Total
$3,602 59
.4359
W AKEFIELD CO-OPERATIVE BANK, W AKEFIELD
President, R ich a r d S. S t o u t
Secretary and Treasurer, Ch a r l e s E. W
Security Committee: R. S. S t o u t , O l iv e r W a l t o n , W . B. W
Ja m e s A . H i c k e y , W . G. S t r o n g
Incorporated Jan. 31, 1887
il e y ,
.
alton
W . A . P r e sc o t t ,
Began business March 5, 1887
Regular meetings the first Saturday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Permanent expense account .
Personal accounts
Mortgage balance
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $336,050 00
.
11,800 00
2,842 91
1,137 76
16 00
111 08
38 00
123 80
439 10
.
13,348 40
$365,907 05
Liabilities
Dues capital .
. $308,023 00
Profits capital
.
51,849 01
Guaranty fund
1,000 00
Surplus.
4,550 35
Personal account
484 69
$365,907 05
[Pub. Doc
REPORT OF THE
190
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans elimi
nated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Personal accounts .
Cash on hand Oct. 31, 1906
D
a t e
o f
I
ssu e
$83,316 00
5,200 00
7,600
43,250
4,900
11,455
16,935
4
472
1
855
45
527
11,298
00
00
00
60
01
87
30
75
33
33
39
79
$185,862 37
Disbursements
Dues capital withdrawn . $31,938 00
“
“
forfeited
1,210 00
“
retired
16,460 00
8,811 00
“
“
matured
4,436 69
Profits capital withdrawn
181 13
“
forfeited .
“
“
retired
1,679 73
3,404 55
“
“
matured .
88,000 00
Real estate loans
6,050
00
Share loans
5,681 41
Real estate by foreclosure
351 07
Interest
1,355 68
Temporary expense
18 00
Permanent expense
1,000 00
Guaranty fund
1,896 71
Surplus .
.
.
.
40 00
Insurance
13,348 40
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it al
ear
$185,862 37
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per
Share in Force
19 $195 30
184 33
20
21
173 70
22
163 34
23
153 37
24
143 61
25
134 14
124 97
26
27
116 10
28
107 45
29
99 04
90 83
30
82 83
31
32
75 02
67 39
,33
34
59 95
52 67
35
45 56
36
38 61
37
38
31 81
39
25 16
18 66
40
41
12 30
42
6 08
47
76
81
97
115
117
140
110
178
218
176
170
177
240
197
322
326
367
350
333
591
599
851
1,051
w it h
Total Value
$9,179
14,009
14,069
15,843
17,637
16,802
18,779
13,746
20,665
23,424
17,431
15,441
14,660
18,004
13,275
19,303
17,170
16,720
13,513
10,592
14,869
11,177
10,467
6,390
10
08
70
98
55
37
60
70
80
10
04
10
91
80
83
90
42
52
50
73
56
34
30
08
211 00
Dues paid in advance
$363,388 01
Dues capital .
Profits capital
Unpaid dues .
♦.
$308,023 00
51,849 01
3,516 00
$363,388 01
No. 8]
BANK COMMISSIONER
Sh a r e s
Number issued during year
.
.2 ,1 8 0
“
withdrawn “
.
. 1,187
“
forfeited
“
28
“
retired
“
.
.
217
“
matured
“
66
“
in force Oct. 31, 1907
. 6,929
“
borrowed upon Oct.31, 1907 2,082
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.29
Number
Average
“
Number
Average
“
191
L o a n s o n O ct . 31, 1907
of real estate loans
.
269
size of same
.
. $1,249 26
rate of interest thereon
5 .01
of share loans .
.
67
size of same
.
.
$176 12
rate of interest thereon
5 .0 0
P r o f it s
d is t r ib u t e d
First term, 2{-% ; second term, 2-y%
M e m b e r sh ip
M is c e l l a n e o u s
Number added during year .
.
“
withdrawn “
.
.
“
of members Oct. 31,
1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
209
145
951
311
640
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $333,550; 6 % , $2,500
Share: 5 % , $11,800
Percentage of surplus and guaranty
fund to dues and profits capital
1 .54
Percentage of increase in assets dur
ing year
.
.
.
.
8 .6 0
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o ta l E x p e n s e s
fo r
E x a m i n a t i o n , O c t o b er 18
of
Y
ear
Salaries
$800
.2186
Amount paid for
Per cent, of total assets
Other Expenses
$555 68
.1519
Total
$1,355 68
.3705
W ALTH AM CO-OPERATIVE BANK, W ALTH AM
President, E d w a r d P. S m it h
Secretary and Treasurer, F r a n k K . P or t er
Security Committee: E d w a r d P. S m it h , Ch a r l e s E . G e t c h e l l , M ic h a e l T. C o n n e l l y
Incorporated Oct. 13, 1880
Began business Oct. 2b, 1880
Regular meetings the third Thursday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
280 39
11,534 61
Liabilities
Dues capital .
. $718,983 00
Profits capital
. 101,610 29
Guaranty fund
3,500 00
Surplus .
.
12,838 22
Interest
1,907 12
Fines
62 18
Transfer fees .
1 25
Profit and loss
112 94
$839,015 00
$839,015 00
$804,450 00
22,650 00
100 00
[Pub. Doc
REPORT OF THE
192
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b e r 31, 1907
Receipts
$189,311
Dues capital .
Real estate loans elimi
3,000
nated by foreclosure
R. E. loans eliminated by
2,600
maturity of shares
78,802
Real estate loans repaid' .
12,000
Share loans repaid .
2,300
Mortgages
5,357
Rents .
.
.
.
741
Real estate by foreclosure
41,040
Interest
972
Fines
.
.
.
.
8
Transfer fees .
659
Withdrawal profits .
4
Forfeited profits
25,000
Temporary loan
13,877
Cash on hand Oct. 31, 1906
D
Disbursements
Dues capital withdrawn . $112,852
885
“
“
forfeited
15,352
“
“
matured
14,087
Profits capital withdrawn
58
“
“
forfeited .
4,874
“
“
matured .
190,702
Real estate loans
17,400
Share loans
3,528
Real estate by foreclosure
66
Interest
.
. . .
4,332
Temporary expense
11,534
Cash on hand Oct. 31, 1907
a t e
o f
I
ssu e
w it h
Value
Series per Share
in Force
Shares
Total Value
41 $198 63
42
193 28
188 05
43
44
182 88
45
177 79
172 79
46
167 86
47
48
163 03
158 20
49
50
153 48
148 80
51
52
144 25
53
139 74
54
135 27
55
130 86
126 53
56
122 27
57
58
118 04
113 86
59
60
109 73
105 66
61
62
101 63
97 67
63
64
93 75
65
89 89
86 05
66
82 26
67
68
78 51
74 80
69
71 11
70
71
67 45
72
63 80
60 19
73
74
56 62
75
53 08
49 58
76
77
46 11
78
42 68
39 28
79
35 91
80
81
32 58
82
29 28
26 01
83
22 77
84
85
19 57
16 40
86
87
13 26
88
10 15
7 07
89
4 02
90
1 00
91
29
59
72
93
61
19
50
116
101
94
161
105
166
127
138
181
243
180
250
175
192
212
162
237
216
254
228
270
267
243
247
288
299
327
313
372
473
370
317
443
586
414
601
494
680
638
915
744
1,210
864
669
$5,760
11,403
13,539
17,007
10,845
3,283
8,393
18,911
15,978
14,427
23,956
15,146
23,196
17,179
18,058
22,901
29,711
21,247
28,465
19,202
20,286
21,545
15,822
22,218
19,416
21,856
18,755
21,197
19,971
17,279
16,660
18,374
17,996
18,514
16,614
18,443
21,810
15,791
12,451
15,908
19,091
12,121
15,632
11,248
13,307
10,463
12,132
7,551
8,554
3,473
669
00
00
00
87
00
00
38
00
04
77
50
90
00
00
79
$375,675 25
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o r Sh a r e A ccount
D u e s a n d P r o f it s C a p it al
ear
00
00
00
60
90
25
87
00
99
66
37
61
$375,675 25
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
Jan.,
Apr.,
July,
Oct.,
1895
1895
1895
1896
1896
1896
1896
1897
1897
1897
1897
1898
1898
1898
1898
1899
1899
1899
1899
1900
1900
1900
1900
1901
1901
1901
1901
1902
1902
1902
1902
1903
1903
1903
1903
1904
1904
1904
1904
1905
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
1907
Dues paid in advance
27
52
60
84
19
01
00
48
20
12
80
25
84
29
68
93
61
20
00
75
72
56
54
75
24
70
28
70
60
73
15
40
81
74
04
76
03
60
76
13
88
92
01
38
60
20
90
60
70
28
00
765 00
$824,543 29
Dues capital .
Profits capital
Unpaid dues .
$718,983 00
101,610 29
3,950 00
$824,543 29
193
BANK COMMISSIONEK
No. 8]
o n O ct . 31, 1907
of real estate loans
.
421
size of same
.
. $1,910 80
rate of interest thereon
5 .0 5
of share loans .
.
89
size of same
.
.
$254 49
rate of interest thereon
5.01
L o an s
S h a k es
Number issued during year
.
. 4,107
“
withdrawn “
.
. 3,119
“
forfeited
“
28
“
matured
“
.
101
“
in force Oct. 31, 1907
15,965
“
borrowed upon Oct. 31, 1907 5,091
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.24
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 1 % ; second term, 1 % ; third
term, 1 % ; fourth term, 1 %
M e m b e r sh ip
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
482
432
2,206
.
510
. 1,696
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $768,150; 6 % , $36,300
Share: 5 % , $22,450; 6 % , $200
D ate
of
E x a m in a t io n , Ju l y 5
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.99
Percentage of increase in assets dur
ing year
.
.
.
.
10.47
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 2
years old; 2 0 % on series from 24 to 30
months old; 15% on series from 30 to 36
months old; 1 0% on series from 36 to 42
months old; 5 % on series over 42 months
old
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
for
Y
ear
Salaries
Other Expenses
$2,796
.3332
$1,536 37
.1831
Total
$4,332 37
.5163
W ATERTOW N CO-OPERATIVE BANK, W ATERTOW N
President, B a r t l e t t M. S h a w
Security Committee:
Secretary and Treasurer, S a m u e l S. G l e a s o n
H o race W . O t is , F r e d e r ic E. C r it c h e t t , S a m u e l S. G l e a s o n
Incorporated June 23, 1888
Began business June 28, 1888
Regular meetings the fourth Thursday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Unpaid interest .
u
premiums
“
fines
Temporary expense account .
Office furniture .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
65
10
28
67
00
14
Liabilities
. $309,165 00
Dues capital .
.
47,278 07
Profits capital
3,235 20
Guaranty fund
7,027 72
Surplus .
9,334 51
Interest
236 49
Premiums
313 41
Fines
2 50
Transfer fees .
Withdrawal profits .
126 94
$376,719 84
$376,719 84
. $362,350
6,650
1,300
43
221
957
150
5,047
194
REPORT OF THE
R ec eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
[Pub. Doc
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its C a p it al
ear
Receipts
Dues capital .
$87,584 00
Real estate loans repaid .
50,820 00
Share loans repaid .
6,070 00
Notes and bonds
2,752 50
Interest
21,771 24
Premiums
621 61
Fines
.
.
.
.
707 25
Transfer fees .
7 25
Withdrawal profits .
262 73
Temporary expense.
354 60
Cash on hand Oct. 31. 1906 27.362 34
D
a t e
o f
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
$198,313 52
Disbursements
Dues capital withdrawn . $15,892 00
“
retired
63,590 00
Profits capital withdrawn
1,049 63
“
retired
17,524 46
Real estate loans
84,750 00
Share loans
6,495 00
Interest
965 23
Temporary expense
3,000 06
Cash on hand Oct. 31, 1907
5,047 14
I
ssu e
Value
Series
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
16 $196 02
17
184 86
18
173 97
19
163 46
20
153 23
21
143 25
22
133 61
124 25
23
24
115 16
25
106 32
26
97 75
27
89 44
28
81 31
29
73 41
30
65 72
58 25
31
32
50 98
33
43 90
34
37 01
35
30 29
36
23 73
37
17 33
38
11 09
39
5 00
w it h
Total Value
51
95
94
102
58
126
92
136
72
73
110
143
310
206
329
334
458
381
540
587
855
546
815
660
$9,997
17,561
16,353
16,672
8,887
18,049
12,292
16,898
8,291
7,761
10,752
12,789
25,206
15,122
21,621
19,455
23,348
16,725
19,985
17,780
20,289
9,462
9,038
3,300
02
70
18
92
34
50
12
00
52
36
50
92
10
46
88
50
84
90
40
23
15
18
35
00
$198,313 52
Dues paid in advance
789 00
$358,432 07
Dues capital .
Profits capital
Unpaid dues .
$309,165 00
47,278 07
1,989 00
$358,432 07
S h a r es
Number issued during year
.
. 1,609
“
withdrawn “
.
.
671
“
retired
“
.
.
668
“
in force Oct. 31, 1907
. 7,173
“
borrowed upon Oct. 31, 1907 2,249
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.50
Number
Average
“
Number
Average
“
L o an s o n O ct . 31, 1907
of real estate loans
.
192
size of same
.
. $1,887 24
rate of interest thereon
6 .1 5
of share loans .
.
35
size of same
.
.
$190 00
rate of interest thereon
6 .1 5
P ro f its
M e m b e r sh ip
.
.
.
.
114
80
755
210
545
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .8 7
Percentage of increase in assets dur
ing year
.
.
.
.
2 .4 2
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 5
years old, after 5 years, none
R a t e s o n L o an s O ct . 31, 1907
R. E .: 6 % , $186,970; 6 .3 0 % , $164,880;
6 .6 0 % , $10,500
Share: 6 % , $4,360; 6 .3 0 % , $1,200; 6 .6 0 % ,
$1,090
D ate
T o tal E x p e n s e s
Amount paid for
.
.
.
Per cent, of total assets
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2 | % ; second term, 2\%
Number added during year
.
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
for
of
E x a m in a t io n , F e b r u a r y 13
Y ear
Salaries
Other Expenses
$1,800
.4778
$1,200 06
.3186
Total
$3,000 06
.7964
195
BANK COMMISSIONEN
No. 8]
W A V E R L E Y CO-OPERATIVE BANK, BELMONT
President, T h o m as W . D a v is
_
Treasurer, U l y s s e s S. Y
Secretary, I r v in g F . M u n r o e
oung
Security Committee: H e r b e r t H . R u s s e l l , T h o m a s L . Cr e e l e y , W
Incorporated April 4, 1896
alter
F. B eetle
Began business April 13, 1896
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
fines
Temporary expense account .
Personal accounts
Cash in hands of treasurer .
R e c eip ts
and
e n d in g
00
00
00
79
15
34
41
50
36
Liabilities
. $196,495 00
Dues capital .
.
37,217 12
Profits capital
1,452 29
Guaranty fund
4,057 06
Surplus .
1,357 09
Interest
20
Premiums
35 79
Fines
25
Transfer fees .
182 75
Withdrawal profits .
$240,797 55
$240,797 55
. $208,150
18,855
2,200
6,993
1,285
158
71
7
3,076
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
Receipts
Dues capital .
.
. $56,347 00
Real estate loans repaid .
34,200 00
Share loans repaid .
.
6,260 00
Uncompleted mtge. loans
14,550 00
Real estate by foreclosure
4,603 25
Interest
.
.
. 12,808 04
Premiums
.
.
.
2 40
Fines
.
.
.
.
356 08
75
Transfer fees .
Withdrawal profits .
.
842 34
Profits capital
.
.
4 68
Cash on hand Oct. 31, 1906
9,063 72
$139,038 26
Disbursements
Dues capital withdrawn . $29,930 00
Profits capital withdrawn
3,373 09
73,100 00
Real estate loans
11,390 00
Share loans
14,550 00
Uncompleted mtge. loans
2,200 00
Mortgages
335 98
Real estate by foreclosure
Interest
9 00
Temporary expense
989 40
Personal accounts .
7 50
76 93
Surplus .
.
.
.
3,076 36
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o f Sh a r e A c co u n t
D u e s a n d P r o f its C a p it a l
ear
D
a t e
o e
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
Value
Series per Share in Force
1 $194 40
2
183 07
172 01
3
4
161 33
5
150 94
140 87
6
7
131 06
121 55
8
112 34
9
10
103 37
11
94 65
12
86 21
78 01
13
14
70 02
62 25
15
54 68
16
17
47 32
18
40 15
33 18
19
20
26 39
21
19 78
22
13 35
23
7 09
24
1 00
Dues paid in advance
$139,038 26
50
47
70
27
60
69
153
75
137
118
141
143
111
138
179
193
178
198
379
329
541
434
739
296
w it h
Total Value
$9,720
8,604
12,040
4,355
9,056
9,720
20,052
9,116
15,390
12,197
13,345
12,328
8,659
9,662
11,142
10,553
8,422
7,949
12,575
8,682
10,700
5,793
5,239
296
00
29
70
91
40
03
18
25
58
66
65
03
11
76
75
24
96
70
22
31
98
90
51
00
148 00
$235,754 12
Dues capital .
Profits capital
Unpaid dues .
Suspense dues
$196,495
37,217
2,037
5
00
12
00
00
$235,754 12
KEPOKT OF THE
196
Sh a r e s
Number issued during year
.
. 1,498
“
withdrawn “
.
. 1,072
“
in force Oct. 31, 1907
. 4,805
“
borrowed upon Oct. 31, 1907 1,592
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.88
Number
Average
“
Number
Average
“
[Pub. Doc
L o an s o n O ct . 31, 1907
of real estate loans
.
99
size of same
.
. $2,102 53
rate of interest thereon
6 .0 0
of share loans .
.
54
size of same
.
.
$349 17
rate of interest thereon
6 .0 0
P r o f it s
R ates
on
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M e m b e r sh ip
Number added during year
.
“
withdrawn “
.
“
of members Oct. 31,1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
149
107
541
141
400
L o an s O ct . 31, 1907
R. E .: 6 % , $208,150
Share: 6 % , $18,855
M isc e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .3 6
Percentage of increase in assets dur
ing year
.
.
.
.
17.97
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
fo r
of
Y
Salaries
. $690 05
.2866
Amount paid for
Per cent, of total assets
E x a m in a t io n , D e c e m b e r 27
ear
Other Expenses
$299 35
.1243
Total
$989 40
.4109
WEBSTER CO-OPERATIVE BANK, WEBSTER
Secretary and Treasurer, C. M. N ash
President, Ja m e s C ocks
Security Committee: Ja m e s C o c k s , Ch a s . M. Cl a r k , L o u is E. P a t t is o n
Incorporated Aug. 2, 1889
Began business Aug. 8, 1889
Regular meetings the second Thursday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $172,885
8,425
200
1,500
553
27
23
182
7,485
00
00
00
00
25
90
36
00
42
$191,281 93
Liabilities
Dues capital .
. $152,501 00
Profits capital
.
26,063 11
Guaranty fund
3,381 00
Surplus .
6,171 32
Interest
2,920 09
142 45
Premiums
Fines
27 47
Withdrawal profits .
75 49
$191,281 93
No. 8]
R e c eip ts
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c to b er 31, 1907
R é c o n c il ia t io n o f S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
Dues capital .
$37,441 00
Real estate loans repaid .
26^983 00
Share loans repaid .
4,275 00
Real estate by foreclosure
2,450 00
Interest
10,595 41
Premiums
507 44
Fines
.
.
.
.
100 09
Withdrawal profits .
264 47
Rent
.
.
.
.
45 00
Cash on hand Oct. 31, 1906
10,452 75
$93,114 16
Disbursements
Dues capital withdrawn . $14,536 00
“
“
retired
13,333 00
Profits capital withdrawn
1,788 21
“
“
retired
4,908 00
Real estate loans
46,960 00
Share loans
3,185 00
Interest
62 83
Temporary expense
741 90
Taxes .
.
.
.
28 80
Surplus .
.
.
.
85 00
Cash on hand Oct. 31, 1907
7,485 42
197
D
a t e
or
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
I
ssu e
Series
Value
Shares-
14 $191 21
15
180 27
16
169 68
17
159 26
18
149 29
19
139 59
20
130 19
21
121 03
22
112 18
23
103 40
24
95 00
25
86 83
26
78 87
27
71 08
28
63 49
29
56 08
30
48 87
31
41 83
32
34 97
33
28 26
34
21 72
35
15 33
36
9 09
37
3 00
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
w it h
Total Value
27
29
58
48
88
75
98
32
122
76
46
56
138
119
181
138
124
175
288
176
243
188
466
239
$5,162
5,227
9,841
7,644
13,137
10,469
12,758
3,872
13,685
7,858
4,370
4,862
10,884
8,458
11,491
7,739
6,059
7,320
10,071
4,973
5,277
2,882
4,235
717
67
83
44
48
52
25
62
96
96
40
00
48
06
52
69
04
88
25
36
76
96
04
94
00
$93,114 16
Suspense dues
Dues paid in advance
5 00
224 00
$179,232 11
Dues capital .
Profits capital
Unpaid dues .
$152,501 00
26,063 11
668 00
$179,232 11
S h ar es
Number issued during year
.
.
761
“
withdrawn “
.
.
393
“
retired
“
95
“
in force Oct. 31, 1907
. 3,230
“
borrowed upon Oct. 31, 1907 1,064
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.26
L o an s o n O ct . 31, 1907
of real estate loans
.
105
size of same
.
. $1,646 52
rate of interest thereon
6 .3 0
of share loans .
.
33
size of same
.
.
$255 30
rate of interest thereon
6 .1 7
Number
Average
“
Number
Average
“
P r o f its
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
R a t e s on L o an s O ct . 31, 1907
R. E .: 6 .3 0 % , $172,885
Share: 6 % , $3,555; 6 .3 0 % , $4,870
97
58
445
128
317
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
5 .3 5
Percentage of increase in assets dur
ing year
.
.
.
.
7 .4 4
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d ist r ib u t e d
First term, 2 £ % ; second term, 2 ^%
M e m b e r sh ip
fo r
of
Y
Salaries
. $562 47
.2941
E x a m in a t io n , M a y 2
ear
Other Expenses
$179 43
.0938
Total
$741 90
.3879
[Pub. Doc
REPORT OF THE
198
W E IR CO-OPERATIVE BANK, TAUNTON
President, O sc a r G. T h o m a s
Secretary, A l b e r t H. T e t l o w
Treasurer, T . P r e s t o n B u r t
Security Committee: J o h n H. D a l g l is h , J. O t is D e a n , J. W
Incorporated July 11, 1884
alter
Parker
Began business July 16, 1884
Regular meetings the sixteenth day of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid interest .
“
premiums
“
fines
Temporary expense account .
Insurance and taxes paid
Cash in hands of treasurer .
R e c eip t s
and
e n d in g
00
00
65
24
00
98
61
00
92
Liabilities
. $239,040 00
Dues capital .
.
40,996 73
Profits capital
2,355 00
Guaranty fund
7,631 41
Surplus .
5,018 10
Interest
2 80
Premiums
158 82
Fines
Transfer fees .
1 00
104 54
Advance payments
$295,308 40
$295,308 40
. $280,250
4,600
6,630
1,381
7
210
433
12
1,782
D is b u r s e m e n t s , Y
O cto ber 31, 1907
Receipts
Dues capital .
852,896 00
Real estate loans repaid .
41,100 00
Share loans repaid .
1,200 00
Real estate by foreclosure
3,252 69
14,188 58
Interest
Premiums
7 70
Fines
.
.
.
.
391 01
Transfer fees .
1 25
Advance payments .
575 21
Cash on hand Oct. 31, 1906
7,038 27
$120,650 71
Disbursements
Dues capital withdrawn . $34,192 00
6,604 44
Profits capital withdrawn
74,150 00
Real estate loans
2,200 00
Share loans
684 59
Real estate by foreclosure
68 90
Interest
Temporary expense
967 86
1,782 92
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its C a p it a l
ear
$120,650 71
D
a t e
o r
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
.Ian.,
July,
Jan.,
July,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
Value
Series per
Share in Force
24 $192 63
181 64
25
26
170 97
160 63
27
28
150 59
140 86
29
30
131 40
122 19
31
32
113 27
104 62
33
34
96 21
88 02
35
36
80 03
37
72 23
38
64 62
57 20
39
40
49 96
42 90
41
42
36 01
43
29 29
44
22 73
45
16 33
46
10 09
4 00
47
38
66
57
61
67
115
117
220
102
97
100
370
138
128
117
649
148
133
282
153
319
326
282
635
w it h
Total Value
$7,319
11,988
9,745
9,798
10,089
16,198
15,373
26,881
11,553
10,148
9,621
32,567
11,044
9,245
7,560
37,122
7,394
5,705
10,154
4,481
7,250
5,323
2,845
2,540
94
24
29
43
53
90
80
80
54
14
00
40
14
44
54
80
08
70
82
37
87
58
38
00
$281,954 73
Dues capital .
Profits capital
Unpaid dues .
$239,040 00
40,996 73
1,918 00
$281,954 73
No. 8]
BANK COMMISSIONER
L o an s on O ct . 31, 1907
of real estate loans
.
206
size of same
.
. $1,360 44
rate of interest thereon
5 .3 0
of share loans .
.
22
size of same
.
.
$209 09
rate of interest thereon
5 .3 0
S h ar es
Number issued during year
.
. 1,004
“
withdrawn “
.
.
604
“
in force Oct. 31, 1907
. 4,720
“
borrowed upon Oct. 31, 1907 1,663
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.62
199
Number
Average
“
Number
Average
“
P r o f its
d is t r ib u t e d
First term, 2 J % ; second term, 2-|%
M e m b e r sh ip
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
.
.
.
.
130
60
619
228
391
R a t e s o n L o an s O ct . 31, 1907
R. E .: 5 .3 0 % , $279,150; 6 .3 0 % , $1,100
Share: 5 .3 0 % , $4,600
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .5 7
Percentage of increase in assets dur
ing year
.
.
.
.
9 .5 0
Proportion of profits retained on voluntary
withdrawals, none
D ate
T o ta l E x p e n s e s
for
of
Y
ear
Salaries
$814
.2756
Amount paid for
Per cent, of total assets
E x a m in a t io n , O c to b er 29, 30J
Other Expenses
$153 86
.0521
Total
$967 86
.3277
W ESTFIELD CO-OPERATIVE BANK, W ESTFIELD
President, A. W . H o lt o n
Secretary and Treasurer, J. H. Cl a r k
Security Committee: A. W . H o l t o n , T h o m a s L it t l e , S. B. Ca m p b el l
Incorporated Dec. 13, 1881
Began business Dec. 19, 1881
Regular meetings the third Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Unpaid interest .
Temporary expense account .
Insurance and taxes paid
Suspense .
.
.
.
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $251,210
8,648
65
3,002
286
331
346
2,490
00
00
10
01
21
45
89
70
$266,380 36
Liabilities
Dues capital .
. $223,839 00
Profits capital
.
31,129 37
Guaranty fund
2,297 83
Surplus .
3,534 54
Interest
4,786 98
Fines
87 97
Withdrawal profits .
21 88
Forfeited share account
564 60
Retired share account
5 01
Matured share account
113 18
$266,380 36
200
[Pub. Doc.
REPORT OF THE
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907.
Receipts
$74,381 00
Dues capital .
Real estate loans repaid .
64,740 99
15,582 72
Share loans repaid .
Real estate by foreclosure
250 00
15,344 14
Interest
304 20
Fines
.
.
.
.
Withdrawal profits .
157 29
Insurance
85 00
Mortgage balance .
5 00
Suspense
5 00
Cash on hand Oct. 31, 1906
3,473 19
$174,328 53
Disbursements
Dues capital withdrawn . $45,597 00
9,312 81
Profits capital withdrawn
Real estate loans
103,615 45
12,038 52
Share loans
Real estate by foreclosure
5 28
Temporary expense
1,137 46
Insurance
131 31
Cash on hand Oct. 31, 1907
2,490 70
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n o r S h a r e A c co u n t
D u e s a n d P r o f it s C a p it a l
ear
$174,328 53
D
a t e
o p
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Shares
Value
Series per Share in Force
28 $192 93
182 24
29
171 89
30
161 78
31
151 98
32
142 34
33
132 98
34
123 85
35
114 96
36
106 31
37
38
97 80
89 55
39
81 47
40
41
73 59
65 91
42
58 42
43
44
51 12
44 01
45
37 08
46
47
30 33
48
23 75
17 34
49
11 09
50
5 00
51
Dues paid in advance
56
13
37
54
88
72 •
79
56
73
72
115
122
153
136
270
178
297
287
513
224
729
743
1,227
712
w it h
Total Value
$10,804
2,369
6,359
8,736
13,374
10,248
10,505
6,935
8,392
7,654
11,247
10,925
12,464
10,008
17,795
10,398
15,182
12,630
19,022
6,793
17,313
12,883
13,607
3,560
08
12
93
12
24
48
42
60
08
32
00
10
91
24
70
76
64
87
04
92
75
62
43
00
687 00
$259,900 37
Dues capital .
Profits capital
Unpaid dues .
$223,839 00
31,129 37
4,932 00
$259,900 37
o n O ct . 31, 1907
of real estate loans
.
205
size of same
.
. $1,225 41
rate of interest thereon
6 .0 0
of share loans .
.
74
size of same
.
.
$116 86
rate of interest thereon
6 .0 0
L o an s
S h a r es
Number issued during year
.
. 2,173
“
withdrawn “
.
. 1,343
“
in force Oct. 31, 1907
. 6,306
“
borrowed upon Oct. 31, 1907 1,717
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.24
Number
Average
“
Number
Average
“
P r o f its
Number added during year .
“
withdrawn “
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
on
d ist r ib u t e d
First term, 2 f % ; second term, 2 f %
M em b e r sh ip
R ates
201
BANK COMMISSIONER
No. 8]
.
.
.
.
221
163
765
253
512
L o an s O ct . 31, 1907
R. E .: 6 % , $251,210
Share: 6 % , $8,648
M is c e l l a n e ous
Percentage of surplus and guaranty
fund to dues and profits capital
2 .2 9
Percentage of increase in assets dur
ing year
.
.
.
.
14.53
Proportion of profits retained on voluntary
withdrawals, 2 5 % of last dividend i
D ate
T o ta l E x p e n s e s
for
of
Y ear
Salaries
$950
.3566
Amount paid for
Per cent, of total assets
E x a m in a t io n , S e p t e m b e r 18
Other Expenses
$187 46
.0704
Total
$1,137 46
.4270
W EST NEW TON CO-OPERATIVE BANK, W EST NEWTON
President, Ch a r l e s E. H a t f ie l d
Secretary and Treasurer, J oseph A . S y m o n d s
Security Committee: H e n r y H . H u n t , F r e d M. L o w e , F r a n c is N e w h a l l
Incorporated June 14, 1892
Began business June 22, 1892
Regular meetings the fourth Wednesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Temporary expense account
Suspense account
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$115,880
4,930
70
20
4,151
00
00
47
00
35
$125,051 82
Liabilities
Dues capital .
. $102,572 00
Profits capital
.
14,865 94
Guaranty fund
925 00
Surplus .
5,927 41
Interest
613 10
Premiums
12 26
Fines
47 95
Withdrawal profits .
60 40
Forfeited share account
27 76
$125,051 82
202
REPORT OF THE
R ec eipts
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Matured share account
Profit and loss
Cash on hand Oct. 31, 1906
D
a t e
o f
I
ssu e
$32,597 00
00
00
00
00
03
88
33
50
356 91
5,409 90
58
2,935 26
$68,250 39
Disbursements
Dues capital withdrawn . $21,089 00
“
“
matured
.
3,888 00
Profits capital withdrawn
3,416 71
“
“
matured .
1,521 90
Real estate loans
.
.
20,750 00
Share loans .
.
.
6,610 00
Real estate by foreclosure
88 31
Temporary expense
.
629 70
Forfeited share account .
675 52
Matured share account
.
5,409 90
Suspense account .
.
20 00
Cash on hand Oct. 31, 1907
4,151 35
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
1,600
10,850
5,535
2,240
6,366
73
285
[Pub. Doc
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Sept.,
Dec.,
Mar.,
June,
Sept.,
Dec.,
Mar.,
June,
Sept.,
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1905
1906
1906
1906
1906
1907
1907
1907
Value
Shares
Series per
Share in Force
8 $196 01
184 92
9
174 12
10
11
163 63
12
153 47
13
143 62
14
134 00
124 72
15
115 69
16
17
106 93
18
98 43
90 13
19
82 03
20
21
74 13
22
66 42
23
58 90
24
51 56
25
44 41
26
37 43
27
30 63
28
27 29
29
23 99
30
20 73
17 51
31
32
14 33
11 19
33
34
8 09
35
5 03
36
2 00
10
2
23
11
27
15
14
71
55
65
107
50
95
49
75
38
144
201
164
115
107
107
53
242
196
334
201
135
133
w it h
Total Value
$1,960
369
4,004
1,799
4,143
2,154
1,876
8,855
6,362
6,950
10,532
4,506
7,792
3,632
4,981
2,238
7,424
8,926
6,138
3,522
2,920
2,566
1,098
4,237
2,808
3,737
1,626
679
266
10
84
76
93
69
30
00
12
95
45
01
50
85
37
50
20
64
41
52
45
03
93
69
42
68
46
09
05
00
$68,250 39
Dues paid in advance
258 00
$118,370 94
Dues capital .
Profits capital
Unpaid dues .
$102,572 00
14,865 94
933 00
$118,370 94
No. 8]
BANK COMMISSIONER
S h a r es
Number issued during year
.
.
892
“
withdrawn “
.
.
548
“
matured
“
27
“
in force Oct. 31, 1907
. 2,839
“
borrowed upon Oct. 31, 1907
857
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.68
Number
Average
“
Number
Average
“
203
L o an s o n O ct . 31, 1907
of real estate loans
.
72
size of same
.
. $1,609 44
rate of interest thereon
5 .4 7
of share loans .
.
19
size of same
.
.
$259 47
rate of interest thereon
5 .3 0
P r o f it s
d is t r ib u t e d
First term, I f % ; second term, l f % ; third
term, I f % ; fourth term, I f %
M e m b e r sh ip
Number added during year
“
withdrawn “
“
of members Oct 31, 1907 .
“
“ borrowers
“
“
.
“
“
non-borrowers “
“
.
60
M is c e l l a n e o u s
35
Percentage of surplus and guaranty
fund to dues and profits capital
5 .83
Percentage of increase in assets dur
ing year
.
.
.
.
7 .2 2
Proportion of profits retained on voluntary
withdrawals, 2 5 % on series less than 2
years old; 10% on series over 2 years old
327
90
237
R a t e s o n L o an s O c t . 31, 1907
R. E .: 5 .3 0 % , $96,150; 6 .3 0 % , $19,730
Share: 5 .3 0 % , $4,930
D ate
T o tal E x p e n s e s
Amount paid for
.
Per cent, of total assets
.
.
.
.
.
.
fo r
E x a m in a t io n , M a y 24
of
Y
ear
Salaries
Other Expenses
Total
$372
.2975
$257 70
.2061
$629 70
.5036
W EST ROXBURY CO-OPERATIVE BANK, W EST ROXBURY
President, S t e p h e n F. W
o o d m an
Secretary and Treasurer, B e n j a m in H . J o n e s
Security Committee: E d w a r d M. B r e w e r ,
Incorporated Feb. 1, 1881
R o s w e l l S. B a r r o w s ,
H e n r y S. H a r r is
Began business March 3, 1881
Regular meetings the first Thursday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assefs
Loans on real estate
$506,250 00
Less due on mtge. loans
1,600 00 $504,650 00
Loans on shares .
.
59,650 00
Real estate by foreclosure, etc.
3,329 34
Unpaid dues
1,641 00
“
interest .
589 39
98 08
“
fines
Personal accounts
70 00
Cash in hands of treasurer
2,046 74
Liabilities
Dues capital .
. $468,048 00
Profits capital
.
86,968 62
Guaranty fund
5,200 00
Surplus .
9,336 93
Advanced dues
2,521 00
$572,074 55
$572,074 55
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
204
REPORT OF THE
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
$279,566 54
Disbursements
Dues capital withdrawn . $43,368 00
“
forfeited
367 00
“
matured
36,150 00
Profits capital withdrawn
6,845 23
“
forfeited .
18 91
“
“
matured .
12,146 29
Real estate loans
112,400 00
Share loans
44,600 00
Uncompleted mtge. loans
9,400 00
Real estate by foreclosure
3,573 34
Interest
989 36
Temporary expense
3,786 74
Forfeited share account .
2,615 94
Personal accounts .
1,258 99
Cash on hand Oct. 31, 1907
2,046 74
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f its C a p it al
ear
Receipts
Dues capital .
$117,147 00
Real estate loans elimi
nated by foreclosure
3,200 00
R. E. loans eliminated by
maturity of shares
18,450 00
Real estate loans repaid .
56,300 00
Share loans repaid .
27,450 00
Uncompleted mtge. loans
10,000 00
Real estate by foreclosure
244 00
Interest
27,802 85
Fines
.
.
.
.
808 89
Transfer fees .
4 50
Withdrawal profits .
1,712 50
Forfeited profits
4 73
Forfeited share account
27 00
Surplus .
.
.
.
39 82
Advanced dues
750 00
Personal accounts .
1,553 91
Cash on hand Oct. 31, 1906
14,071 34
$279,566 54
[Pub. Doc,
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Value
Shares
Series per Share in Force
148
120
142
198
204
195
262
199
282
225
307
175
288
222
321
335
329
509
487
583
782
1,179
1,067
1,116
30 $194 39
31
183 76
32
173 44
33
163 38
34
153 61
144 14
35
134 90
36
37
125 86
38
117 05
108 41
39
40
99 96
41
91 72
42
83 62
75 74
43
44
68 01
45
60 47
46
53 11
47
45 92
48
38 89
32 01
49
25 29
50
18 73
51
12 33
52
6 09
53
w it h
Total Value
$28,769
22,051
24,628
32,349
31,336
28,107
35,343
25,046
33,008
24,392
30,687
16,051
24,082
16,814
21,831
20,257
17,473
23,373
18,939
18,661
19,776
22,082
13,156
6,796
72
20
48
24
44
30
80
14
10
25
72
00
56
28
21
45
19
28
43
83
78
67
11
44
$555,016 62
Dues capital .
Profits capital
.
.
.
.
.
.
$468,048 00
86,968 62
$555,016 62
No. 8]
BANK COMMISSIONER
S h a r es
Number issued during year
.
. 2,423
“
withdrawn “
.
. 1,124
“
forfeited
“
23
“
matured
“
.
. 241
“
in force Oct. 31, 1907
. 9,675
“
borrowed upon Oct. 31, 1907 3,834
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.87
205
L o a n s o n O ct . 31, 1907
of real estate loans
.
204
size of same
.
. $2,473 77
rate of interest thereon
5 .0 0
of share loans .
.
135
size of same
.
.
$441 85
rate of interest thereon
5 .0 0
Number
Average
“
Number
Average
“
P r o f its
d ist r ib u t e d
First term, 2 | % ; second term, 2\%
M e m b e r sh ip
Number added during year .
.
261
“
withdrawn “
.
.
156
“
of members Oct. 31, 1907. 1,091
“
“ borrowers
“
“ .
339
“
“ non-borrowers “
“ .
752
R ates
on
L o an s O ct . 31, 1907
R. E .: 5 % , $504,650
Share: 5 % , $59,650
Mis c e l l a n e ous
Percentage of surplus and guaranty
fund to dues and profits capital
2 .6 2
Percentage of increase in assets dur
ing year
.
.
.
.
7 .9 4
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o ta l E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
of
Y
E x a m in a t io n , A p ril 11
ear
Salaries
Other Expenses
$2,999 50
.5243
$787 24
.1376
Total
$3,786 74
.6619
W EST SOMERVILLE CO-OPERATIVE BANK, W EST
SOMERVILLE
President, J. W
arren
B a il e y .
Secretary and Treasurer, O l iv e r H . P e r r y
Security Committee: Louis E . M e r r y , E d m u n d S. S p a r r o w , D a n ie l E . R o b bin s
Incorporated Nov. 29, 1890
Began business Dec. 11, 1890
Regular meetings the third Monday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assess
Loans on real estate
“
“ shares .
Real estate by foreclosure, etc.
Unpaid dues
“
interest .
“
fines
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $366,450 00
.
33,674 00
1,128 11
1,850 00
995 98
142 18
4 58
.
11,192 14
Liabilities
Dues capital .
. $348,774 00
Profits capital
.
60,462 09
Guaranty fund
1,677 87
Surplus .
2,413 63
Interest
1,892 87
Fines
58 58
Withdrawal profits .
152 95
Forfeited share account
5 00
$415,436 99
$415,436 99
REPORT OF THE
206
R e c eip t s
and
e n d in g
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
[Pub. Doc
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
Receipts
$84,906 00
Dues capital .
.
64,200 00
Real estate loans repaid .
13,988 00
Share loans repaid .
15,000 00
Notes and bonds
4.943 00
Real estate by foreclosure
20,277 72
Interest
459 05
Fines' .
.
.
.
1 75
Transfer fees .
911 19
Withdrawal profits .
14
Temporary expense
32 43
Surplus .
.
.
.
7 60
Profits capital
247 73
Profit and loss
7.944 96
Cash on hand Oct. 31, 1906
D
a t e
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
$212,919 57
Disbursements
Dues capital withdrawn . $42,188 00
“
“
matured
19,643 00
5,463 98
Profits capital withdrawn
6,774 66
“
“
matured .
95,100 00
Real estate loans
28,905 00
Share loans
597 76
Real estate by foreclosure
736 55
Interest
1,702 53
Temporary expense
32 43
Profits capital
582 12
Discount, town notes
1 40
Withdrawal profits .
11,192 14
Cash on hand Oct. 31, 1907
I
o p
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Serie; per
Share in Force
11 $195 99
12
185 20
174 71
13
14
164 52
15
154 65
16
145 05
17
135 71
18
126 63
117 73
19
20
109 12
21
100 68
22
92 43
84 40
23
24
76 52
68 85
25
26
61 32
27
53 98
28
46 80
39 78
29
30
32 93
26 24
31
32
19 70
33
13 31
34
7 08
1 00
35
81
108
48
80
168
106
97
210
131
230
304
168
197
395
292
315
318
313
290
414
656
441
588
861
647
w it h
Total Value
$15,875
20,001
8,386
13,161
25,981
15,375
13,163
26,592
15,422
25,097
30,606
15,528
16,626
30,225
20,104
19,315
17,165
14,648
11,536
13,633
17,213
8,687
7,826
6,095
647
19
60
08
60
20
30
87
30
63
60
72
24
80
40
20
80
64
40
20
02
44
70
28
88
00
318 00
Dues paid in advance
$409,236 09
$212,919 57
$348,774 00
60,462 09
Dues capital .
Profits capital
$409,236 09
Sh a r e s
Number issued during year
.
. 1,964
“
withdrawn “
.
. 1,093
“
matured
“
.
.
132
“
in force Oct. 31, 1907
. 7,458
“
borrowed upon Oct. 31, 1907 2,643
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.16
L o an s o n O c t . 31, 1907
Number of real estate loans
.
165
Average size of same
.
. $2,220 91
“
rate of interest thereon
5 .01
Number of share loans .
.
156
Average size of same
.
. $215 86
“
rate of interest thereon
5 .01
P r o f its
198
104
814
218
596
R a t e s o n L o a n s O c t . 31, 1907
R. E .: 5 % , $362,450; 6 % , $4,000
Share: 5 % , $31,674; b\% , $2,000
M is c e l l a n e ous
Percentage of surplus and guaranty
fund to dues and profits capital
1 .00
Percentage of increase in assets dur
ing year
.
.
.
.
8 .2 8
Proportion of profits retained on voluntary
withdrawals, 1 6 f%
D ate
T o ta l E x p e n s e s
Amount paid for
.
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2^-%; second term, 2\°/0
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
.
.
.
.
.
fo r
of
E x a m in a t io n , M a y 28
Y ear
Salaries
$1,145 87
.
2758
Other Expenses
$556 52
.1339
Total
$1,702 39
.4097
BANK COMMISSIONER
No. 8]
207
W EST SPRINGFIELD CO-OPERATIVE BANK, W EST
SPRINGFIELD
President, F red H . S i b l e y
Secretary, J o h n C. W
Treasurer, H e n r y E. S c h m u c k
Security Committee: T a l c o t t A. R o g e r s ,
Incorporated April 8, 1897
Ja m e s F. M cC a r t h y ,
or cester
A r t h u r F. R oyce
Began business May 12, 1897
Regular meetings the second Wednesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Permanent expense account .
Cash in hands of treasurer
Liabilities
Dues capital .
. $187,856 00
Profits capital
.
31,886 05
Guaranty fund
472 35
Surplus .
323 12
. $198,525 00
.
19,375 00
297 65
42 90
176 98
2,119 99
$220,537 52
R e c eip ts
and
e n d in g
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
Real estate loans repaid
Share loans repaid
Notes and bonds
Interest
Fines
Transfer fees .
Security committee
Cash on hand Oct. 31, 1906
D
$105,222 58
Disbursements
Dues capital withdrawn . $23,
Profits capital withdrawn
3,
Real estate loans
57,.
Share loans
14,i
Notes and bonds
4,i
Temporary expense
Permanent expense
Forfeited share account
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
ear
00
00
00
00
47
98
50
00
63
00
54
00
00
00
00
00
05
99
$220,537 52
a t e
of
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
Series
Value
Shares
per Share in Force
1 $166 34
2
156 16
3
146 12
4
136 41
5
126 97
6
117 82
7
108 93
8
100 30
9
91 93
10
83 77
11
75 80
12
68 02
13
60 42
14
53 02
15
45 82
38 79
16
17
31 92
18
25 22
18 69
19
20
12 31
21
6 08
88
89
54
98
49
110
182
117
137
157
213
91
171
207
329
123
317
621
415
374
402
w it h
Total Value
$14,637
13,898
7,890
13,368
6,221
12,960
19,825
11,735
12,594
13,151
16,145
6,189
10,331
10,975
15,074
4,771
10,118
5,573
7,756
4,603
2,444
92
24
48
18
53
20
26
10
41
89
40
82
82
14
78
17
64
62
35
94
16
$105,222 58
Dues paid in advance
133 00
$220,401 05
Dues capital .
Profits capital
Unpaid dues .
$187,856 00
31,886 05
659 00
$220,401 05
208
REPORT OF THE
Sh a r e s
[Pub. Doc.
o n O ct . 31, 1907
of real estate loans
.
142
size of same
.
. $1,398 06
rate of interest thereon
5 .0 0
of share loans .
.
57
size of same
.
.
$339 91
rate of interest thereon
5 .0 0
L oans
Number issued during year
.
.
806
“
withdrawn “
.
.
528
“
in force Oct. 31, 1907
. 3,944
“
borrowed upon Oct. 31, 1907 1,637
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.63
Number
Average
“
Number
Average
“
P r o f its
R ates
on
d is t r ib u t e d
First term, 2 J % ; second term, 2 £ %
M e m b e r sh ip
Number added during year .
.
“
withdrawn “
“
of members Oct. 31,
1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
112
76
517
198
319
L o an s O ct . 31, 1907
R. E .: 5 % , $198,525
Share: 5 % , $19,375
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 36
Percentage of increase in assets dur
ing year
.
.
.
.
15.83
Proportion of profits retained on voluntary
withdrawals, none
D ate
T otal E x p e n s e s
Amount paid for
Per cent, of total assets
fo r
of
Y
E x a m in a t io n , O c to b er 2
ear
Salaries
Other Expenses
Total
$515
.2335
$24
.0109
$539
.2444
W H ITM AN CO-OPEBATIVE BANK, W H ITM AN
President, Ju l iu s C. G il b e r t
Secretary and Treasurer, G eo r g e D . S o u le
Security Committee: A r t h u r C o l e m a n , G eo r g e A . D orr , G eo r g e D . S o u le
Incorporated March 6, 1889
Began business March 11, 1889
Regular meetings the second Monday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
$224,075 00
Less due on mtge. loans
8,040 95 $216,034 05
Loans on shares .
7,065 00
Common form mortgages
5,385 00
Real estate by foreclosure, etc.
2,296 72
Unpaid dues
1,559 00
“
interest .
975 40
52 30
“
premiums
“
fines
75 30
Temporary expense account .
211 48
Cash in hands of treasurer
7,823 84
Liabilities
Dues capital .
. $198,758 00
Profits capital
.
31,918 10
Guaranty fund
1,823 17
Surplus .
5,955 66
Interest
2,512 86
Premiums
127 20
Fines
95 97
Transfer fees .
25
Withdrawal profits .
256 64
Matured share account
30 24
$241,478 09
$241,478 09
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
R e c eip t s
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
Dues capital .
Real estate loans eliminated by foreclosure
R. E. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Uncompleted mtge. loans
Mortgages
Real estate by foreclosure
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Forfeited share account .
Retired share account
Matured share account
Cash on hand Oct. 31, 1906
D
1,700
14,275
3,355
8,040
436
3,837
13,154
683
490
3
754
8
369
2,423
2,410
2,397
00
00
00
95
00
10
66
50
93
50
24
80
91
92
96
65
$118,903 12
Disbursements
Dues capital withdrawn . $24,062 00
“
“
forfeited
350 00
“
“
retired
1,921 00
“
matured
1,689 00
Profits capital withdrawn
3,015 95
“
“
forfeited .
35 19
“
“
retired
446 91
“
“
matured .
677 56
Real estate loans
61,100 00
Share loans
5,150 00
3,118 95
Uncompleted mtge. loans
Mortgages
1,450 00
1,764 31
Real estate by foreclosure
Interest
116 27
Temporary expense
977 35
Forfeited share account .
369 91
Retired share account
2,423 92
Matured share account
2,410 96
Cash on hand Oct. 31, 1907
7,823 84
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f its C a p it a l
a t e
o f
I
ssu e
Series
$63,061 00
1,500 00
$118,903 12
209
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Shares
Value
per Share in Force
16 $185 28
174 22
17
18
163 46
19
153 06
142 90
20
21
133 06
22
123 50
114 22
23
24
105 24
25
96 52
26
88 02
27
79 76
28
71 72
63 85
29
30
56 20
48 72
31
41 44
32
34 37
33
34
27 51
35
20 85
14 38
36
8 10
37
'38
2 00
Dues paid in advance
13
32
29
23
50
82
66
153
156
185
186
111
145
244
136
246
270
345
509
556
618
848
592
w it h
Total Value
$2,408
5,575
4,740
3,520
7,145
10,910
8,151
17,475
16,417
17,856
16,371
8,853
10,399
15,579
7,643
11,985
11,188
11,857
14,002
11,592
8,886
6,868
1,184
64
04
34
38
00
92
00
66
44
20
72
36
40
40
20
12
80
65
59
60
84
80
00
62 00
$230,676 10
Dues capital .
Profits capital
$198,758 00
31,918 10
$230,676 10
•
210
REPORT OF THE
S
[Pub. Doc
o a n s
o n
O c t . 31, 1907
of real estate loans
.
218
size of same
.
.
$990 98
rate of interest thereon
6 .3 0
of share loans .
.
28
size of same
.
.
$252 32
rate of interest thereon
6 .3 0
L
h a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
. 1,632
“
withdrawn
“
.
.
870
“
forfeited
“
.
.
18
“
retired
“
21
“
matured
“
.
.
12
“
in force Oct. 31, 1907
. 5,595
“
borrowed upon Oct. 31, 1907 1,351
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.80
P
r o f i t s
d i s t r i b u
t e d
First term, 3 % ; second term, 3 %
M
e m
b e r s h i p
Number added during year .
.
“
withdrawn
“
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
174
131
823
207
616
M
R a t e s
o n
L o a n s
O c t . 31,1907
R. E .: 6 .3 0 % , $214,234.05; 6 .6 0 % , $1,800
Share: 6 .3 0 % , $7,065
T
E
o t a l
i s c e l l a n
e
o u s
Percentage of surplus and guaranty
fund to dues and profits capital
3 .3 7
Percentage of increase in assets dur
ing year
.
.
.
.
22.05
Proportion of profits retained on voluntary
withdrawals, 25%
D
x p e n
s e s
a t e
f o r
o f
E
Y
e a r
Salaries
. $776 22
.3214
Amount paid for
Per cent, of total assets
x a m
i n
a t i o n
,
M
a y
Other Expenses
$201 13
.0833
31
Total
$977 35
.4047
W INCHENDON CO-OPERATIVE BANK, WINCHENDON
President,
F
r e d e r i c k
W
.
R
Secretary,
u s s e l l
Treasurer,
Security Committee:
A
m
o s
S.
L
S
a m
b
A .
i l a s
,
C
h
Incorporated Sept. 9, 1891
G
r e e n w
a r l e s
T.
S
W
C .
a l d o
C
o r e y
o o d
t e a r n
s
,
S
i d n
e y
E.
W
h i t e
Began business Sept. 16, 1891
Regular meetings the third Wednesday of each month
B
a l a n c e
Assess
Loans on real estate
“
“ shares .
Temporary expense account .
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S
h
e e t
,
. $157,090
4,804
3
11
ê
O
c t o b e r
00
00
75
48
$161,909 23
31, 1907
Liabilities
Dues capital .
. $137,108 00
Profits capital
.
21,882 93
Guaranty fund
865 90
Surplus .
725 48
Interest
1,297 68
Fines
14 39
Transfer fees .
25
Withdrawal profits .
13 18
Forfeiture profits
1 42
$161,909 23
R
e c e i p t s
211
BANK COMMISSIONEN
No. 8]
D
a n d
O
e n d i n g
i s b u r s e m
c t o b e r
e n t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
Receipts
Dues capital .
Real estate loans repaid .
Share loans repaid .
Notes and bonds
Interest
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Cash on hand Oct. 31, 1906
D
D
$36,522
27,600
9,736
20,000
8,326
144
1
75
1
6,775
00
00
00
00
00
16
25
60
42
16
$109,181 59
Disbursements
Dues capital withdrawn . $22,563 00
44 00
“
forfeited
8,938 00
“
“
retired
3,721 74
Profits capital withdrawn
“
forfeited .
6 62
“
“
retired
3,420 10
46,400 00
Real estate loans
8,625 00
Share loans
15,000 00
Notes and bonds
108 03
Interest
Temporary expense
343 62
11 48
Cash on hand Oct. 31, 1907
$109,181 59
a t e
o r
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
I
ssu e
u e s
o f
a n d
P
h a r e
A
r o f i t s
S
C
c c o u n t
Value
Shares
Series per
Share in Force
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
i t h
Total Value
11
21
44
39
51
51
38
88
20
84
87
122
199
74
197
182
133
133
214
171
292
196
442
305
10 $189 75
11
178 91
168 37
12
158 12
13
148 17
14
15
138 49
16
129 13
17
120 05
18
111 22
102 61
19
94 21
20
21
86 02
22
78 03
23
70 23
24
62 62
25
55 20
26
47 96
27
40 90
28
34 01
27 29
29
30
20 73
14 33
31
32
8 09
33
2 00
w
a p i t a l
$2,087
3,757
7,408
6,166
7,556
7,062
4,906
10,564
2,224
8,619
8,196
10,494
15,527
5,197
12,336
10,046
6,378
•5,439
7,278
4,666
6,053
2,808
3,575
610
25
11
28
68
67
99
94
40
40
24
27
44
97
02
14
40
68
70
14
59
16
68
78
00
529 00
Dues paid in advance
$159,491 93
Dues capital .
Profits capital
Unpaid dues .
$137,108 00
21,882 93
501 00
$159,491 93
S
o a n s
o n
O c t . 31, 1907
of real estate loans
.
158
size of same
.
.
$994 24
rate of interest thereon
5 .0 5
of share loans .
.
37
size of same
.
.
$129 84
rate of interest thereon
5 .0 0
L
h a r e s
Number issued during year
.
.
812
“
withdrawn “
.
. .
446
“
forfeited
“
1
“
retired
“
62
“
in force Oct. 31, 1907
. 3,194
“
borrowed upon Oct. 31,1907
958
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.18
Number
Average
“
Number
Average
“
P
r o f i t s
d i s t r i b u
t e d
First term, 2\°/0; second term, 2-J%
M
e m
b e r s h i p
Number added during year .
61
“
withdrawn
“
.
. 2 7
“
of members Oct. 31, 1907.
445
“
“ borrowers
“
“
. 166
“
“ non-borrowers “
“
. 279
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $149,190; 6 % , $7,900
Share: 5 % , $4,804
M
D
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o t a l
E
x p e n
i s c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .00
Percentage of increase in assets dur
ing year
.
.
.
.
3 .7 7
Proportion of profits retained on voluntary
withdrawals, 10% on series less than 5
years old; after 5 years, none
s e s
a t e
f o r
o f
E
Y
e a r
Salaries
$248
.1532
x a m
i n
a t i o
n
,
Other Expenses
$95 62
.0591
O
c t o b e r
1 5
Total
$343 62
.2123
REPORT OF THE
212
[Pub. Doc
W INCHESTER CO-OPERATIVE BANK, W INCHESTER
President,
H
o w
D.
a r d
Security Committee:
N
N
a t h
Secretary and Treasurer, T. B.
a s h
a n
H .
T
a y l o r
,
J
Incorporated Nov. 13, 1893
a m
e s
J .
F
i t z g e r a l d
,
C
h
a r l e s
C
A .
o t t e r
G
l e a s o n
Began business Nov. 13, 1893
Regular meetings the first Monday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Cash in hands of treasurer
R
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
S
h
,
O
c t o b e r
31, 1907
. $238,750 00
3,875 00
973 96
Liabilities
. $204,483 00
Dues capital .
.
34,162 42
Profits capital
Guaranty fund
1,250 00
Surplus .
3,703 54
$243,598 96
$243,598 96
R
e a r
e c o n c i l i a t i o n
31, 1907
Receipts
Dues capital .
$52,149 00
R. E. loans eliminated by
maturity of shares
2,600 00
Real estate loans repaid .
18,750 00
Share loans repaid .
4,980 00
Interest
12,016 64
Fines
.
.
.
.
251 05
Transfer fees .
1 75
Withdrawal profits .
220 01
Cash on hand Oct. 31, 1906
12,913 64
$103,882 09
Disbursements
Dues capital withdrawn . $19,261 00
“
“
matured
8,174 00
Profits capital withdrawn
2,655 64
“
“
matured .
3,061 93
Real estate loans
66,150 00
Share loans
.
2,555 00
Interest
92 40
Temporary expense
869 50
88 66
Permanent expense .
Cash on hand Oct. 31, 1907
973 96
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
e e t
D
D
a t e
o f
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
I
ssu e
1895
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
u e s
a n d
o p
P
a r e
A
r o f i t s
S
C
h
c c o u n t
Shares
Value
Series per
Share in Force
5 $197 26
6
186 30
175 62
7
8
165 27
155 19
9
10
145 49
11
136 02
12
126 80
117 80
13
14
109 01
15
100 44
92 10
16
17
83 97
18
76 01
68 19
19
20
60 61
21
53 20
22
45 96
38 89
23
32 00
24
25
25 29
18 73
26
12 33
27
28
6 09
w
i t h
a p i t a l
25
38
41
59
47
25
19
72
91
120
146
185
226
253
201
161
313
274
192
401
313
386
337
476
Total Value
$4,931
7,079
7,200
9,750
7,293
3,637
2,584
9,129
10,719
13,081
14,664
17,038
18,977
19,230
13,706
9,758
16,651
12,593
7,466
12,832
7,915
7,229
4,155
2,898
50
40
42
93
93
25
38
60
80
20
24
50
22
53
19
21
60
04
88
00
77
78
21
84
$103,882 09
Dues paid in advance
212 00
$240,738 42
Dues capital .
Profits capital
Unpaid dues .
$204,483 00
34,162 42
2,093 00
$240,738 42
No. 8]
BANK COMMISSIONER
S
L o a n s
o n
O c t . 31, 1907
of real estate loans
.
121
size of same
.
. $1,973 14
rate of interest thereon
5 .4 2
of share loans
.
.
12
size of same
.
.
$322 92
rate of interest thereon
5 .4 9
h a r e s
Number issued during year
.
.
864
“
withdrawn “
.
.
522
“
matured
“
. .
56
“
in force Oct. 31, 1907
. 4,401
“
borrowed upon Oct. 31,1907 1,365
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.96
Number
Average
“
Number
Average
“
P
M
e m
213
r o f i t s
d i s t r i b u
t e d
First term, 2 f % ; second term, 2 ^%
b e r s h i p
Number added during year
.
.
“
withdrawn “
.
. 4
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
70
8
442
133
309
M
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 .3 0 % , $162,450; 5 £ % $40,250;
5 .6 0 % , $4,000; 6 % , $32,050
Share: 5 .3 0 % , $2,850; 6 % , $1,025
D
T
E
o t a l
i s c e l l a n
e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
2 .0 8
Percentage of increase in assets dur
ing year
.
.
.
.
14.28
Proportion of profits retained on voluntary
withdrawals, 2 0 % on series less than 6
years old, after 6 years, none
x p e n
s e s
a t e
o f
E
Y
e a r
f o r
Salaries
$487
.1999
Amount paid for
Per cent, of total assets
x a m
i n
a t i o
n
,
N
o v e m
Other Expenses
$382 50
.1578
b e r
5
Total
$869 50
.3577
W IN TER H ILL CO-OPERATIVE BANK, SOMERVILLE
President,
C
h a s
.
A .
Security Committee:
W
G
r i m
m
a l t e r
Secretary and Treasurer,
o n s
S.
G
J
l i d d e n
e s s e
,
S .
Incorporated May 8, 1906
J
N
M.
a m
e s
e w
c o m
A
n
d r e w
s
,
R
G
a y
R .
e o r g e
R
S.
i d e o u t
L
o v e j o y
,
b
Began business June 13, 1906
Regular meetings the second Wednesday of each month
B
a l a n c e
Assets
Loans on real estate
“
“ shares .
Permanent expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
S
h e e t
,
$57,000
1,445
81
4,356
O
c t o b e r
00
00
00
34
$62,882 34
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Forfeited share account .
Security committee
$61,303
854
50
602
30
42
00
92
00
42
00
00
$62,882 34
R
[Pub. Doc
REPORT OF THE
214
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
e n t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
Receipts
Dues capital .
Share loans repaid .
Interest
Fines
.
Withdrawal profits .
Permanent expense
Forfeited share account .
Security committee
Cash on hand Oct. 31, 1906
D
D
$51,970
1,056
2,096
156
16
425
45
42
2,751
00
00
17
42
31
00
00
00
35
$58,558 25
a t e
I
o f
June,
Sept.,
Dec.,
Mar.,
June,
Sept.,
u e s
ssu e
o f
P
a n d
h a r e
A
r o f i t s
S
C
c c o u n t
Value
Shares
Series per
Share in Force
1
2
3
4
5
6
1906
1906
1906
1907
1907
1907
$17
14
11
8
5
2
27
20
14
07
02
00
w
i t h
a p i t a l
Total Value
2,436
389
265
988
657
641
$42,069
5,523
2,952
7,973
3,298
1,282
213 00
Dues paid in advance
$ 6 3 ,3 1 1
Disbursements
Dues capital withdrawn .
“
“
forfeited
.
Profits capital withdrawn
Real estate loans
.
.
Share loans
.
.
.
Temporary expense
.
Permanent expense
.
Forfeited share account .
Cash on hand Oct. 31, 1907
$4,968
45
66
45,400
2,413
585
709
15
4,356
$ 5 8 ,5 5 8
S
00
00
27
00
00
38
26
00
34
$ 6 3 ,3 1 1
e m
h a r e s
b e r s h
L o a n s
o n
O c t . 31, 1907
Number of real estate loans
.
25
Average size of same
.
. $2,280 00
“
rate of interest thereon
5 .4 5
Number of share loans .
.
19
Average size of same
.
.
76 05
“
rate of interest thereon
6 .0 0
r o f it s
d is t r ib u t e d
Second term, 1} % ; third term, 1|%
i p
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“ .
“
“ non-borrowers “
“ .
297
78
617
44
573
R a t e s
o n
L o a n s
O c t . 31, 1907
R. E .: 5 % , $28,300; 5 | % , $3,000; 5%%,
$1,900; 6 % , $23,800
Share: 6 % , $1,445
T
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
92
25
P
M
92
$61,303 00
854 92
1,154 00
Dues capital .
Profits capital
Unpaid dues .
Number issued during year .
.2 ,7 0 3
“
withdrawn “
.
. 5 3 1
“
forfeited
“
20
“
in force Oct. 31, 1907
. 5,376
“
borrowed upon Oct. 31, 1907
493
Average number held by each mem
ber Oct. 31, 1907
.
.
.8.71
.
72
80
10
16
14
00
o t a l
E
x p e n
M
is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 13
Percentage of increase in assets dur
ing year
.
.
.
.
3 3 5 .2 5
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D
s e s
ate
f o r
of
E
Y
e a r
Salaries
. $165 50
.2632
x a m in a t io n
, Se
Other Expenses
$419 88
.6677
ptem ber
Total
$585 38
.9 3 0 9
13
215
BANK COMMISSIONER
No. 8]
WINTHROP CO-OPERATIVE BANK, WINTHROP
President,
E
d w
a r d
Security Committee:
B .
H
N
e n
J
e w
Secretary and Treasurer,
t o n
r y
e r e m
M .
B
e l c h e r
G
i a h
,
,
r e e n
Incorporated Feb. 15, 1907
H
C
h
e n
J .
r y
W
H
a n n i n g
A
l m
r i g h
o w
E .
o n
t
,
W
W
.
m
h x t t e m
G .
M
c
o r e
N
e i l l
,
a r d
Began business March 13, 1907
Regular meetings the second Wednesday of each month
B
S
a l a n c e
Assets
Loans on real estate
“
“ shares .
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer .
.
h
e e t
,
O
$22,075
125
560
25
2,301
c t o b e r
31, 1907
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Withdrawal profits .
00
00
76
00
92
e c e i p t s
a n d
e n d i n g
D
O
i s b u r s e m
c t o b e r
Receipts
Dues capital .
.
Interest
.
.
Fines
.
.
.
Transfer fees .
.
Withdrawal profits .
e n t s
,
Y
R
e a r
e c o n c i l i a t i o n
31, 1907
D
D
.
.
.
.
.
$25,097
600
48
1
1
00
27
82
00
72
a t e
o f
00
46
53
24
16
77
52
$25,087 68
$25,087 68
R
$24,517
224
2
20
300
21
1
I
ssu e
Mar., 1907
June, 19Q7
Sept., 1907
u e s
o f
a n d
P
S
h a r e
r o f i t s
A
C
c c o u n t
Shares
Value
Series per
Share in Force
1
$8 08
5 02
2 00
2
3
w
i t h
a p i t a l
2,680
503
454
Total Value
$21,654 40
2,525 06
908 00
$25,748 81
172 00
Dues paid in advance
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Share loans .
.
.
Temporary expense
.
Permanent expense
.
Cash on hand Oct. 31, 1907
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,259 46
$580
6
22,075
125
99
560
2,301
00
78
00
00
35
76
92
$25,748 81
Dues capital .
Profits capital
Unpaid dues .
.
.
.
.
.
.
$24,517 00
224 46
518 00
$25,259 46
216
REPOET OF THE
[Pub. Doc
o n O c t . 31, 1907
of real estate loans
.
16
size of same
.
. $1,379 69
rate of interest thereon
5 .93
of share loans .
.
3
size of same
.
.
$41 67
rate of interest thereon
6 .0 0
L o an s
Sh a r e s
Number issued during year
.
. 3 ,7 6 3
“
withdrawn “
.
.
126
“
in force Oct. 31, 1907
. 3,637
“
borrowed upon Oct. 31, 1907
164
Average number held by each mem
ber Oct. 31, 1907
.
.
.7.51
Number
Average
“
Number
Average
“
P r o f it s
M e m b e r s h ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
500
16
484
19
465
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $2,000; 6 % , $19,500; 7 % , $575
Share: 6 % , $125
d is t r ib u t e d
First term, 1\%\ second term, l-J-%
M isc e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
. 09
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
fo r
E x a m in a t io n , S e p t e m b e r 21
of
Y
ear
Salaries
Amount paid for
Per cent, of total assets
Other Expenses
$99 35
.40
Total
$99 35
.40
WOBURN CO-OPERATIVE BANK, WOBURN
President, Ja m e s S k in n e r
Secretary and Treasurer, Jo h n C. B u c k
Security Committee: F r a n k W . G r e y d o n , L a w r e n c e R e a d e , J. H e n r y P a r k e r ,
F r e d J. B r o w n , E d w a r d Ca l d w e l l
Incorporated Feb. 21, 1887
Began business March 10, 1887
Regular meetings the second Thursday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
$352,975 00
Less due on mtge. loans 2,800 00 $350,175 00
Loans on shares .
.
.
.
9,460 00
Common form mortgages
.
.
1,350 00
Real estate by foreclosure, etc.
.
2,529 59
Unpaid interest .
.
.
.
1,538 28
“
premiums
.
.
.
77 10
Temporary expense account .
.
257 93
Insurance and taxes paid
.
.
185 87
Cash in hands of treasurer .
.
3,387 75
Liabilities
Dues capital .
. $294,068 00
Profits capital
.
57,957 01
Guaranty fund
7,161 58
Surplus .
7,532 64
Interest
1,878 97
Premiums
95 90
Fines
153 32
Withdrawal profits .
104 47
Forfeiture profits
2 47
Forfeited share account
7 16
$368,961 52
$368,961 52
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8]
R e c eip ts
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c to b er 31, 1907
Receipts
Dues capital .
Real estate loans eliminated by foreclosure
R. 111. loans eliminated by
maturity of shares
Real estate loans repaid .
Share loans repaid .
Uncompleted mtge. loans
Interest
Premiums
Fines
.
.
.
.
Transfer fees .
Withdrawal profits .
Forfeited profits
Temporary expense
Insurance
Taxes .
.
.
.
Cash on hand Oct. 31, 1906
ear
D
7,700
25,350
4,975
2,800
20,421
1,049
1,032
3
469
2
5
511
322
9,574
00
00
00
00
85
45
78
25
70
47
00
35
83
12
$145,305 80
Disbursements
Dues capital withdrawn . $16,184 00
“
forfeited
117 00
“
matured
20,304 00
Profits capital withdrawn
1,876 69
“
forfeited .
9 88
“
matured .
8,375 34
Real estate loans
79,450 00
Share loans
10,075 00
Real estate by foreclosure
2,529 59
Temporary expense
1,954 84
Furniture and fixtures
394 17
Taxes .
.
.
.
115 79
Insurance
531 75
Cash on hand Oct. 31, 1907
3,387 75
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f its C a p it a l
a t e
o f
I
ssu e
$68,588 00
2,500 00
$145,305 80
217
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per
Share in Force
19 $192 60
20
181 40
21
170 57
22
160 06
23
149 87
24
139 97
25
130 33
26
120 98
27
111 90
28
103 07
29
94 46
30
86 06
31
77 88
32
69 91
33
62 15
34
54 60
35
47 25
36
40 10
37
33 14
38
26 36
39
19 76
40
13 34
41
7 09
42
1 00
16
114
78
87
147
319
102
102
149
130
345
106
204
165
297
279
485
343
559
117
378
451
764
458
Dues paid in advance
Total Value
$3,081
20,679
13,304
13,925
22,030
44,650
13,293
12,339
16,673
13,399
32,588
9,122
15,887
11,535
18,458
15,233
22,916
13,754
18,525
3,084
7,469
6,016
5,416
458
60
60
46
22
89
43
66
96
10
10
70
36
52
15
55
40
25
30
26
12
28
34
76
00
359 00
*
Dues capital .
Profits capital
Unpaid due
w it h
$354,203 01
$294,068 00
57,957 01
2,178 00
$354,203 01
218
[Pub. Doc,
REPORT OF THE
I
o n O c t . 31, 1907
of real estate loans
.
313
size of same
.
. $1,118 77
rate of interest thereon
6 .3 0
of share loans .
.
36
size of same
.
.
$262 77
rate of interest thereon
6 .3 0
L oans
Sh a r e s
Number issued during year
.
. 1,423
“
withdrawn
“
.
.
458
“
forfeited
“
.
■
13
“
matured
“
.
.
141
“
in force Oct. 31, 1907
. 6,195
“
borrowed upon Oct. 31, 1907 2,032
Average number held by each mem
ber Oct. 31, 1907
.
.
.6.95
Number
Average
“
Number
Average
“
P r o f it s
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M e m b e r s h ip
Number added during year .
“
withdrawn
“
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
“
“ non-borrowers “
“
R ates
on
.
.
.
.
187
83
892
335
557
L o a n s O c t . 31, 1907
R. E .: 6 .3 0 % , $350,175
Share: 6 .3 0 % , $9,460
M isc e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
4 .1 7
Percentage of increase in assets dur
ing year
.
.
.
.
13.19
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T otal E x p e n s e s
fo r
of
Y ear
Salaries
$1,167 84
.3165
Amount paid for
Per cent, of total assets
E x a m in a t io n , S e p t e m b e r 23
Other Expenses
$782
.2119
Total
$1,949 84
.5284
WOLLASTON CO-OPERATIVE BANK, (WOLLASTON) QUINCY
President, H e r b e r t T. W
h it m a n
Secretary and Treasurer, H e r b e r t ,W . P in k h a m
Security Committee: A b n e r L. B a k e r , N a t h a n G. N ic k e r s o n , Ch a r l e s A. M a c f a r l a n d
Incorporated April 8, 1889
Began business April 16, 1889
Regular meetings the third Tuesday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid fines
Cash in hands of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $414,150 00
.
30,685 00
1,800 00
6,419 57
90 47
7,382 57
$460,527 61
Liabilities
Dues capital .
. $384,850 00
.
66,258 24
Profits capital
Guaranty fund
4,800 00
3,846 72
Surplus .
Interest
665 49
Premiums
1 90
Transfer fees .
1 00
Withdrawal profits .
100 02
Forfeiture profits
24
Forfeited share account
4 00
$460,527 61
No. 8]
R e c eip t s
BANK COMMISSIONER
and
e n d in g
D is b u r s e m e n t s , Y e a r
O c t o b er 31, 1907
Receipts
Dues capital .
$109,136 00
Real estate loans eliminated by foreclosure
4,200 00
R. 1!. loans eliminated by
maturity of shares
2,700 00
Real estate loans repaid .
67,675 00
Share loans repaid .
16,670 00
Real estate by foreclosure
5,147 53
Interest
24,145 50
Premiums
89 80
Fines
.
.
.
.
928 19
Transfer fees .
6 00
Withdrawal profits .
1,503 33
Forfeited profits
10 97
Forfeited share account .
4 00
Retired share account
4,376 90
Matured share account
20,626 38
Profits capital
• 5 36
Cash on hand Oct. 31, 1906
9,961 31
$267,186 67
Disbursements
Dues capital withdrawn . $43,814 00
“
forfeited
355 00
“
“
retired
3,113 00
“
matured
15,434 00
Profits capital withdrawn
6,019 02
“
forfeited .
44 40
“
retired
1,207 58
“
matured .
6,392 48
Real estate loans
121,350 00
Share loans
26,605 00
Mortgages
1,800 00
Real estate by foreclosure
4,883 21
Interest
56 32
Temporary expense
2,158 13
Permanent expense
«406 75
Retired share account
4,670 82
Matured share account
20,626 38
868 01
Surplus .
.
.
.
Cash on hand Oct. 31, 1907
7,382 57
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$267,186 67
219
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
D
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Series
Value
15 $192 78
181 48
16
17
170 49
18
159 87
19
149 55
20
139 54
21
129 86
22
120 49
23
111 39
24
102 52
25
93 96
26
85 58
27
77 48
28
69 59
29
61 91
30
54 42
31
47 12
32
40 01
33
33 08
34
26 33
35
19 75
36
13 34
37
7 09
38
1 00
Dues paid in advance
Shares
58
68
108
95
111
142
179
187
230
249
200
373
328
290
412
349
456
404
626
815
1,025
964
1,107
898
w it h
Total Value
$11,181
12,340
18,412
15,187
16,600
19,814
23,244
22,531
25,619
25,527
18,792
31,921
25,413
20,181
25,506
18,992
21,486
16,164
20,708
21,458
20,243
12,859
7,848
898
24
64
92
65
05
68
94
63
70
48
00
34
44
10
92
58
72
04
08
95
75
76
63
00
577 00
$453,513 24
Dues capital .
Profits capital
Unpaid dues .
$384,850 00
66^258 24
2,405 00
$453,513 24
220
[Pub. Doc
REPORT OF THE
o n O ct . 31, 1907
of real estate loans
.
254
size of same
.
. $1,630 51
rate of interest thereon
5 .5 4
of share loans .
.
151
size of same
.
. $203 21
rate of interest thereon
5 .51
L o an s
Sh ares
Number issued during year
“
withdrawn “
“
forfeited
“
“
retired
“
“
matured
“
“
in force Oct. 31, 1907
“
borrowed upon Oct. 31, 1907
Average number held by each member Oct. 31, 1907
2,513
1,416
26
22
107
9,674
2,880
Number
Average
“
Number
Average
“
P r o f its
9 .5 4
d is t r ib u t e d
First term, 2 f % ; second term, 2 f %
M e m b e r s h ip
Number
“
“
“
“
254
added during year
162
withdrawn “
of members Oct. 31, 1907. 1,014
290
“ borrowers
“
“ .
724
“ non-borrowers “
“ .
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 i% , $392,925; 6 .3 0 % , $20,025;
6 .6 0 % , $1,200
Share: 5 $ % , $29,960; 5 f % , $725
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.91
Percentage of increase in assets dur
ing year
.
.
.
.
13.70
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D ate
T o ta l E x p e n s e s
fo r
of
Y e -a r
Salaries
$1,641
.3563
Amount paid for
Per cent, of total assets
E x a m in a t io n , Ju n e 14
Other Expenses
$517 13
.1123
Total
$2,158 13
.4686
WORCESTER CO-OPERATIVE BANK, WORCESTER
President, S t e p h e n C. E a r l e
Secretary and Treasurer, G eo r g e O. B r id g es
Security Committee: H e n r y B r a n n o n , H o race H . B ig e l o w , M o ses S. B e a m a n
Incorporated Oct. 19, 1877
Began business Oct. 19, 1877
Regular meetings the third Monday of each month
B a l a n c e S h e e t , O c t o b er 3 1 ,v1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Temporary expense account .
Cash in hands» of treasurer .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $510,000 00
.
10,300 00
1,050 00
6,411 30
3,001 27
239 20
4,317 69
$535,319 46
Liabilities
. $446,864 00
Dues capital .
.
76,645 58
Profits capital
Guaranty fund
4,200 00
4,374 24
Surplus .
Interest
2,589 97
Fines
137 37
Transfer fees .
1 00
401 17
Forfeited share account
Security committee
12 00
Rent account
31 59
62 54
Suspense account .
$535,319 46
No. 8]
R e c e ip t s
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
ear
Receipts
Dues capital .
$124,816 00
Real estate loans repaid .
95,450 00
Share loans repaid .
8,720 00
Uncompleted mtge. loans
200 00
Mortgages
60 00
Real estate by foreclosure
2,200 70
Interest
31,301 57
Fines
.
.
.
.
1,147 44
Transfer fees .
18 00
Withdrawal profits .
800 44
Forfeited profits
3 30
Temporary expense
312 04
Forfeited share account .
157 70
Security committee
12 00
Suspense account
30 00
Rent account
404 56
Cash on hand Oct. 31, 1906
26,111 14
$291,744 89
Disbursements
Dues capital withdrawn . $50,408 00
“
forfeited
150 00
“
retired
78,197 00
“
matured
3,753 00
Profits capital withdrawn
8,162 98
“
forfeited .
15 20
“
retired
20,222 71
“
matured .
1,647 00
Real estate loans
112,600 00
Share loans
8,630 00
Uncompleted mtge. loans
200 00
Real estate by foreclosure
299 12
Interest
965 28
Temporary expense
1,907 87
Forfeited share account .
157 70
Rent account
62 08
Profit and loss
49 26
Cash on hand Oct. 31, 1907
4,317 69
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$291,744 89
221
R e c o n c il ia t io n of S h a r e A cco u n t
D u e s a n d P r o f it s C a p it a l
D
a t e
o f
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
Apr.,
Oct.,
I
ssu e
1896
1896
1897
1897
1898
1898
1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
Value
Shares
Series per
Share in Force
32 $199 90
188 10
33
34
176 62
35
165 49
36
154 71
37
144 26
38
134 08
124 23
39
40
114 65
41
105 39
42
96 40
43
87 68
44
79 22
45
71 00
46
63 01
47
55 25
48
47 75
49
40 45
50
33 37
51
26 49
52
19 84
53
13 38
54
7 10
55
1 00
Dues paid in advance
4
9
15
13
49
25
80
24
506
534
285
608
681
410
810
663
715
565
613
670
770
714
1,082
1,185
w it h
Total Value
$799
. 1,692
2,649
2,151
7,580
3,606
10,726
2,981
58,012
56,278
27,474
53,309
53,948
29,110
51,038
36,630
34,141
22,854
20,455
17,748
15,276
9,553
7,682
1,185
60
90
30
37
79
50
40
52
90
26
00
44
82
00
10
75
25
25
81
30
80
32
20
00
347 00
$527,234 58
Dues capital .
Profits capital
Unpaid dues .
$446,864 00
76,645 58
3,725 00
$527,234 58
[Pub. Doc,
REPORT OF THE
222
o n O c t . 31, 1907
of real estate loans
.
224
size of same
.
. $2,276 79
rate of interest thereon
6 .01
of share loans .
.
71
size of same
.
.
$145 07
rate of interest thereon
6 .0 0
L oans
S h ar es
2,379
Number issued during year
1,153
“
withdrawn “
10
“
forfeited
“
852
“
retired
“
27
“
matured
“
11,030
“
in force Oct. 31, 1907
“
borrowed upon Oct. 31, 1907 2,969
Average number held by each mem9 .4 8
ber Oct. 31, 1907
Number
Average
“
Number
Average
“
P r o f its
M is c e l l a n e o u s
M e m b e r s h ip
Number
“
“
“
“
d is t r ib u t e d
First term, 3 ^ % ; second term, 3 %
240
added during year
169
withdrawn “
of members Oct. 31, 1907. 1,164
270
“ borrowers
“
“ ■
894
“ non-borrowers “
“ .
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 6 % , $488,800; 6 | % , $14,400; 6J% ,
$2,800; 7 % , $4,000
Share, 6 % : $10,300
Percentage of surplus and guaranty
fund to dues and profits capital
1.64
Percentage of decrease in assets dur
ing year
.
.
.
.
1 .19
Proportion of profits retained on voluntary
withdrawals, one half of last dividend
D ate
T otal E x p e n s e s
fo r
of
Y
Salaries
$1,284 98
. 2400
Amount paid for
Per cent, of total assets
E x a m in a t io n , M a y 27
ear
Other Expenses
$622 89
.1164
Total
$1,907 87
.3564
W ORKINGM EN’S CO-OPERATIVE BANK, BOSTON
President, J. D. M c L e l l a n
Secretary and Treasurer, F. E . B u r b a n k
Security Committee: H . A. R oot , R . J. R o d d a y , C. M . N ichols
Incorporated June 9, 1880
Began business June 11, 1880
Regular meetings the second Friday of each month
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account .
Personal accounts
Office furniture .
Cash in hands of treasurer1 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,774,710
.
43,950
8,726
4,722
1,704
73
1,352
.
26,127
00
00
76
41
81
60
33
69
$1,861,367 60
Liabilities
$1,584,725 00
Dues capital .
. 226,637 73
Profits capital
.
23,650 00
Guaranty fund
9,330 20
Surplus .
11,430 25
Interest
226 73
Fines
257 94
Forfeited share account
3,756 73
Matured share account
82 50
Security committee
1,243 75
Insurance
26 77
Personal account
$1,861,367 60
No. 8]
R e c eip t s
and
e n d in g
BANK COMMISSIONER
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
$1,016,764 73
Disbursements
Dues capital withdrawn . $285,228
“
forfeited
3,221
“
matured
85,873
Profits capital withdrawn
39,211
“
forfeited .
426
“
matured .
31,327
Real estate loans
367,450
Share loans
44,950
Fines
.
.
.
.
5
Mortgages
4,682
Surplus .
.
.
.
225
Real estate by foreclosure
16,316
Interest
61
Temporary expense
8,602
Office furniture
42
Forfeited share account .
713
Matured share account
92,433
Personal accounts .
9,864
Security committee
2
Cash on hand Oct. 31, 1907
26,127
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f its C a p it a l
ear
Receipts
Dues capital .
$485,782 00
Real estate loans eliminated by foreclosure
14,300 00
R. E. loans eliminated by
maturity of shares
21,100 00
Real estate loans repaid . 192,558 00
Share loans repaid .
47,250 00
Mortgages
709 00
Surplus .
.
.
.
255 79
Real estate by foreclosure
16,291 50
Interest
.
.
93,154 96
Pines
.
.
.
.
3,508 57
Profits capital
6 26
Office furniture
225 00
Expense
565 00
Forfeited share account .
555 90
Matured share account
94,441 42
Personal accounts .
8,920 99
Insurance
1,701 37
Cash on hand Oct. 31, 1906
35,438 97
00
00
00
72
42
48
00
00
86
06
00
39
27
33
00
85
30
86
50
69
$1,016,764 73
223
D
a t e
o f
I
ssu e
Sept., 1895
Dec., 1895
Mar., 1896
June, 1896
Sept., 1896
Dec., 1896
Mar., 1897
June, 1897
Sept., 1897
Dec., 1897
Mar., 1898
June, 1898
Sept., 1898
Dec., 1898
Mar., 1899
June, 1899
Sept., 1899
Dec., 1899
Mar., 1900
June, 1900
Sept., 1900
Dec., 1900
Mar., 1901
June, 1901
Sept., 1901
Dec., 1901
Mar., 1902
June, 1902
Sept., 1902
Dec., 1902
Mar., 1903
June, 1903
Sept., 1903
Dec., 1903
Mar., 1904
June, 1904
Sept., 1904
Dec., 1904
Mar., 1905
June, 1905
Sept., 1905
Dec., 1905
Mar., 1906
June, 1906
Sept., 1906
Dec., 1906
Mar., 1907
June, 1907
Sept., 1907
w it h
Value
Shares
Series per
Share in Force
Total Value
38 $196 76
143
39
191 29
145
40
185 86
177
41
180 57
180
42
175 32
130
43
205
170 18
254
44
165 07
158
45
160 09
46
155 18
191
47
150 37
229
48
68
145 60
221
49
140 87
50
22
260
136
51
276
131 63
52
251
127 11
122 59
272
53
54
118 19
337
55
259
113 85
458
56
109 56
57
105 32
269
58
101 13
399
421
59
97 00
92 91
559
60
61
88 87
316
62
84 88
485
747
63
80 94
64
674
77 05
462
65
73 21
810
66
69 42
714
65 66
67
68
771
61 96
710
58 30
69
54 68
793
70
71
51 11 1,078
72
47 57 1,139
44 07
831
73
74
40 61 1,064
75
37 19 1,703
76
33 81 1,444
77
30 47 1,303
78
27 16 1,373
79
23 89 1,535
80
20 66 . 2,169
81
17 46 1,554
82
14 30 2,327
11 17 2,486
83
84
8 08 3,197
85
5 02 3,012
86
2 00 3,013
$28,136 68
27,737 05
32,897 22
32,502 60
22,791 60
34,886 90
41,927 78
25,294 22
29,639 38
34,434 73
9,900 80
31,132 27
35,417 20
36,329 88
31,904 61
33,344 48
39,830 03
29,487 15
50,178 48
28,331 08
40,350 87
40,837 00
51,936 69
28,082 92
41,166 80
60,462 18
51,931 70
33,823 02
56,230 20
46,881 24
47,771 16
41,393 00
43,361 24
55,096 58
54,182 23
36,622 17
43,209 04
63,334 57
48,821 64
39,702 41
37,290 68
36,671 15
44,811 54
27,132 84
33,276 10
27,768 62
25,831 76
15,120 24
6,026 00
Dues paid in advance
6,389 00
$1,821,618 73
Dues capita]
Profits capital
Unpaid dues .
$1,584,725 00
226,637 73
10,256 00
$1,821,618 73
224
REPORT OF THE
Sh a r e s
Number
Average
“
Number
Average
“
Number issued during year
.
13,706
“
withdrawn
“
.
. 9,356
“
forfeited
“
.
.
103
“
matured
“
.
. 582
“
in force Oct. 31, 1907
41,572
“
borrowed upon Oct.31, 1907 10,531
Average number held by each mem
ber Oct. 31, 1907
.
.
.9.02
[Pub. Doc.
L o a n s o n O ct . 31, 1907
of real estate loans
.
869
size of same
.
. $2,042 24
rate of interest thereon
5 .0 4
of share loans
.
.
147
size of same
.
.
$298 97
rate of interest thereon
5 .5 3
P r o f it s
d is t r ib u t e d
First term, 1 1 % ; second term, 1 1 % ; third
term, 1 1 % ; fourth term, 11%
M e m b e r s h ip
Number added during year .
. 1,234
“
withdrawn
“
.
.
816
“
of members Oct. 31,1907.
4,609
“
“ borrowers
“
“ .
934
“
“ non-borrowers “
“ . 3,675
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1 .8 2
Percentage of increase in assets dur
ing year
.
.
.
.
7 .5 8
Proportion of profits retained on voluntary
withdrawals, none
R a t e s o n L o a n s O ct . 31, 1907
R. E .: 5 % , $1,694,985; 5\% , $10,550; 5 |% ,
$4,350; 5 f % , $10,750; 6 % , $47,650; 6 i % ,
$3,425; 6 f % , $3,000
Share: 5 % , $33,350; 5 ^% , $250; 6 % ,
$5,250; 6 1 % , $4,000; 6J % , $450; 6 1 % ,
$600; 7 % , $50
D ate
T otal E x p e n s e s
fo r
of
Y ear
Salaries
$5,188
.2787
Amount paid for
Per cent, of total assets
E x a m in a t io n , A u g u s t 1, 2
Other Expenses
$2,849 33
.1531
Total
$8,037 33
.4318
W EENTH AM CO-OPERATIVE B A N K , W RENTHAM
President, E l b r id g e J. W
Secretary and Treasurer, J. E . C a r p e n t e r
h it a k e r
Security Committee: A r t e m a s W
il l a r d ,
Incorporated Feb. 26, 1901
H . A . C o w e l l , L e w i s F. P e r r y
Began business March 13, 1901
Regular meetings the second Wednesday of each month
B a l a n c e S h e e t , O c to b er 31, 1907
Assets
Loans on real estate
“
“ shares .
Unpaid interest .
“
fines
Permanent expense account .
Temporary expense account .
Cash in hands of treasurer
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$21,820
30
43
5
47
5
3,388
00
00
35
74
83
50
96
$25,341 38
Liabilities
Dues capital .
Profits capital
Guaranty fund
Surplus .
.
.
.
Interest
Fines
.
.
.
.
Withdrawal profits .
$22,013
2,667
53
319
278
4
5
00
04
74
05
54
44
57
$25,341 38
No. 8]
BANK COMMISSIONER
R e c eip t s
D is b u r s e m e n t s , Y
O c t o b er 31, 1907
and
e n d in g
Receipts
Dues capital .
.
.
Real estate loans repaid .
Share loans repaid .
.
Interest
.
.
.
Fines
.
.
.
.
Withdrawal profits .
.
Cash on hand Oct. 31, 1906
D
00
00
00
95
72
67
78
$12,398 12
Disbursements
Dues capital withdrawn .
Profits capital withdrawn
Real estate loans
.
.
Share loans
.
.
.
Temporary expense
.
Cash on hand Oct. 31, 1907
R e c o n c il ia t io n of S h a r e A c co u n t
D u e s a n d P r o f its C a p it al
ear
$6,382
3,296
725
1,237
18
29
708
$1,360
118
6,720
755
55
3,388
00
66
00
00
50
96
$12,398 12
225
a t e
o f
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept,.
I
ssu e
Series
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Value
$93
85
77
70
62
55
■ 47
40
33
27
20
14
8
2
Shares
79
80
90
12
53
12
89
84
96
25
70
31
08
00
w it h
Total Value
94
22
18
35
17
18
29
47
56
24
63
34
54
62
$8,816
1,887
1,402
2,454
1,063
992
1,388
1,919
1,901
654
1,304
486
436
124
Suspense profits
Dues paid in advance
26
60
20
20
01
16
81
48
76
00
10
54
32
00
60
14 00
$24,845 04
Dues capital .
Profits capital
Unpaid dues .
Suspense dues
tl
$22,013
2,667
164
1
00
04
00
00
$24,845 04
Sh a r e s
Number issued during year
.
.
“
withdrawn “
.
. 5
“
in force Oct. 31, 1907
.
“
borrowed upon Oct. 31, 1907
Average number held by each mem
ber Oct. 31, 1907
.
.
.5.
128
0
573
122
56
L o a n s o n O ct . 31, 1907
Number of real estate loans
.
23
Average size of same
.
.
$948 70
“
rate of interest thereon
6 .0 0
Number of share loans .
.
1
Average size of same
.
.
$30 00
“
rate of interest thereon
6 .0 0
P r o f its
M e m b e r sh ip
Number added during year
.
.
“
withdrawn “
.
.
“
of members Oct. 31, 1907.
“
“ borrowers
“
“
.
“
“ non-borrowers “
“
.
R ates
on
L o an s O ct . 31, 1907
R. E .: 6 % , $21,820
Share: 6 % , $30
13
4
103
24
79
M is c e l l a n e o u s
Percentage of surplus and guaranty
fund to dues and profits capital
1.51
Percentage of increase in assets dur
ing year
.
.
.
.
3 1.8 4
Proportion of profits retained on voluntary
withdrawals, 2 5 %
D a te
T o tal E x p e n s e s
Amount paid for
Per cent, of total assets
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
d is t r ib u t e d
First term, 2%%; second term, 2 $%
for
of
Y
Salaries
$50
.1973
E x a m in a t io n , D e c e m b e r 27
ear
Other Expenses
$5 50
.0217
Total
$55 50
.2190
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Federal Reserve Bank of St. Louis
STATEMENTS
OF
Collateral L oan A ssociations.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
COLLATERAL LOAN C O M PAN Y-B O STO N
Incorporated April 5, 1859
President, F r a n c is D. C o bb
Cashier, G eo r g e E. H a l l , Jr.
Directors:
F r a n c is D. C o b b
J o h n O. S h a w
J o h n P. L y m a n
L aw r en c e T ucker
G e o r g e R . Je w e t t
J o h n F . M oo rs , Director for State
R o b er t F . C l a r k , Director for City of Boston
B a l a n c e S h e e t , O cto ber 31, 1907
Assets
Loans outstanding
Cash on hand
Expense
.
.
.
.
General interest .
City of Boston bonds .
State of Massachusetts bonds
Boston & Maine R .R . bonds
State tax .
.
.
.
$1,071,705
2,745
19,411
5,058
4,000
.
42,000
4,000
9,536
93
01
59
40
00
00
00
80
Liabilities
Capital stock .
Reserve fund .
Notes payable
Auction reserve
Interest
Unpaid dividends .
Profit and loss
$1,158,457 73
Total number of loans
.
.
.
.
.
.
Average amount of each loan .
.
.
.
.
Number of loans $10 and under
.
.
.
Longest credit given
.
.
.
.
.
.
Average length of credit taken by pledges
Total amount loaned out during year 1907
Total amount of loans paid in same period
Dividends paid in* the year
.
.
.
.
.
Percentage of forfeited pledges sold at auction in the
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500,000
400.000
105.000
12,280
98,323
131
42,723
00
00
00
15
31
00
27
$1,158,457 73
.
.
.
.
.
.
year .
>94,815
$25 83
46,214
19 mos.
5 mos.
$2,448,885 41
$2,351,973 29
. 10 per cent
1.65
230
REPORT OF THE
[Pub. Doc.
WORCESTER COLLATERAL LOAN ASSOCIATION —
WORCESTER
Incorporated April 17, 1896
President, H e n r y L. P a r k e r
Treasurer, Ch a r l e s E. B u r n h a m
Directors:
H e n r y L. P a r k e r
A . L. D . B u x t o n
C h a r l e s E. B u r n h a m
G e o r g e E. C o p e la n d
J o h n T. B r ie r l y , Director for State
D a n ie l P a r l in , Director for City of Worcester
B a l a n c e S h e e t , O c t o b er 31, 1907
Assets
$6,614
56,733
757
713
34
10,626
726
Cash .
Mortgage loans .
Suspense account
Office furniture .
Sales account
Loans on pledges
Foreclosed pledges
Liabilities
Capital stock .
.
Guaranty fund
Fire risk fund
Bad debt fund
Auction reserve fund
Insurance fund
Undivided profits .
Dividend No. 22
56
49
49
13
50
98
00
$76,206 15
$60,000
8,000
601
155
1,000
1,000
3,649
1,800
00
00
63
26
00
00
26
00
$76,206 15
M o r t g ag e
P le d g e
D epartm ent D epartm ent
Total number of loans
.
.
Average amount of each loan .
Number of loans $10 and under
.
Longest credit given
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Average length of credit taken by pledgers
Total amount loaned out during year ending Oct. 31, 1907
Total amount of loans paid in same period
Dividends paid in the year
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,738
$33 00
None
5 years
3 years
$37,016.16
$37,403 90
6 per cent.
446
$24 00
342
12 mos.
6 mos.
$19,358 49
$15,961 35
No. 8]
BANK COMMISSIONER
231
W ORKINGM EN’S LOAN ASSOCIATION — BOSTON
Incorporated March 8, 1888
President, R o b er t T r e a t P a in e
Vice-President,
Treasurer, R o b er t T r e a t P a in e , 2d
Clerk, A r t h u r L y m a n
F r a n c is
B.
S ear s
Directors:
E d m u n d B il l in g s
H erbert
H e n r y B. Ca b o t
J o h n F. M oors
L ym an
A r t h u r S. J o h n s o n
R o b er t T r e a t P a in e , Jr.
J o seph L e e
F r a n c is
A rthur L ym an
J o h n H . S t o r er
B. S e a r s
S a m u e l Ca r r , Director for State
F r e e m a n O. E m e r s o n , Director for City of Boston
B a l a n c e S h e e t , O c to b er 31, 1907
Loans
.
.
Expense
Cash on hand
One-half State tax
.
Assets
.
. $202,900
1,254
.
22,084
1,170
41
70
29
81
Liabilities
Capital stock .
. $125,000 00
Notes payable
.
25,000 00
Profit and loss
502 33
Interest
2,139 92
Undivided profits .
4,122 92
Risk fund
5,457 95
Guaranty fund
.
65,187 09
$227,410 21
Total number of loans
.
.
.
.
.
.
Average amount of each loan .
.
.
.
.
Number of loans $10 and under
.
.
.
.
Longest credit given
.
.
.
.
.
.
Average length of credit taken by pledgers
Total amount loaned out during year ending Oct. 31, 1907
Total amount of loans paid in same period
Dividends paid in the year
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$227,410 21
3,547
$57 00
.
.
none
.
.
12 years
between 1 and 2 years
. $165,048 43
. $176,470 26
.
. 6 per cent.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATUTES
R E L A T I N G TO
C O -O P E R A T IV E B A N K S .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
STATUTES
RELATING TO
CO-OPERATIVE BANKS.
[Chapter 114 of the Bevised Laws and Acts supplementary thereto.]
S e c t i o n 1.
No person, and no association or corpora Co-operative
to be
tion, except foreign associations and corporations duly banks
incorporated.
licensed by the board of commissioners of savings banks 11 88 89 90 ,, 3415 02 ,, §§§§ 11 ,, 43 ..
prior to the fourteenth day o f April in the year eighteen 11 48 99 6M, 2a8s6s. . 1 6 7 .
hundred and ninety-six to transact business in this com
monwealth, shall transact the business of accumulating
the savings of its members and loaning to them such accu
mulations in the manner of a co-operative bank, unless
incorporated in this commonwealth for such purpose.
Whoever violates any provision of this section shall be
punished by a fine of not more than one thousand dollars,
and the supreme judicial court or the superior court shall
have jurisdiction in equity to enforce the provisions of
this section.
S e c t io n 2 .
Twenty-five or more persons, who asso Formation.
ciate themselves by an agreement in writing with the G1 8.5 4S ,. 45584. .
intention o f forming a corporation for the purpose of 1P8.7 7S ,. 212147,, §§ 11. .
accumulating the savings of its members paid into such 11 89 90 06 ,, 22 04 43 ..
corporation in fixed periodical instalments and loaning to
its members the funds so accumulated, shall, with the
consent of the board of commissioners of savings banks,
become a corporation upon complying with the provisions
of the following section.
[ The powers and duties conferred upon the hoard o f
commissioners o f savings banks by the provisions o f the
above section are now vested in the bank commissioner, the
treasurer and receiver general and the commissioner o f
corporations. See section 4 o f chapter 204, Acts o f 1906,
printed on page xvii.]
S e c t io n 3 .
The provisions of sections fifteen to twenty, Organization.
inclusive, of chapter one hundred and ten shall apply to 1P8.7S7 ., 212147,, §§§ § 22 ,, 44 ..
such corporations, except that the agreement of associa
tion shall also state the limit of capital to be accumulated,
that, in the certificate signed by the secretary of the com
monwealth, the limit of capital to be accumulated as fixed
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
APPENDIX.
VI
C a p ita l.
Is s u e o f sto ck ,
1877, 224, § 5.
P . S . 117, § 5.
1887, 216, § 1.
149 M a s s . 167.
1903, 147, § 1.
S h a r e s is s u e d
to m in o r s a n d
s h a r e s h e ld in
tru s t.
1887, 216, § 3 .
B y -la w s .
Officers.
1877,
16.
P . S.
1885,
1901,
2 2 4 , §§ 6 ,
117, § 6.
121, § 1.
123.
T re a su re r,
d u tie s .
Bond.
in the agreement of association shall be inserted instead
of the amount of capital, that the certificate required by
section twenty o f said chapter to be filed and recorded
may be signed and sworn to by the presiding and financial
officers and a majority at least of the officers who possess
the powers of directors, by whatever name they may be
called, and that the fees to be paid for filing and record
ing the certificates required by said section twenty, includ
ing the issuing of the certificate of organization, shall be
five dollars.
S e c t i o n 4.
The capital to be accumulated shall be
divided into shares o f the ultimate value of two hundred
dollars each. The shares may be issued in quarterly,
half-yearly or yearly series, in such amounts and at such
times as the members may determine. No person shall
hold more than twenty-five shares in the capital of one
such corporation. No shares of a prior series shall be
issued after the issue of a new series.
S e c t io n 5 .
Shares may be issued in the name of a
minor, and may, in the discretion of the directors, be
withdrawn as provided in section nine by such minor or
by his parent or guardian, and in either case payments
made on such withdrawals of shares shall be valid. If
shares are held in trust the name and residence of the
beneficiary shall be disclosed and the account shall be
kept in the name of such holder as trustee for such per
son. I f no other notice of the existence and terms of
such trust has been given in writing to the corporation,
such shares may, upon the death of the trustee, be with
drawn by the person for whom such deposit was made or
by his legal representatives.
S e c t io n 6 .
The number, title, duties and compensa
tion o f the officers of the corporation, their terms of office,
the time of their election, the qualifications of electors and
the time of each periodical meeting of the officers and
members shall be determined by the by-laws. The by
laws may also provide for the election of the secretary and
treasurer either by the shareholders or by the board of
directors. No member shall be entitled to more than one
vote at any election. All officers shall continue in office
until their successors are duly elected. The offices of
secretary and treasurer may be held by the same person.
S e c t i o n 7.
The treasurer shall dispose of and secure
the safe keeping of all money, securities and property o f
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Federal Reserve Bank of St. Louis
APPEN D IX.
the corporation, in the manner designated by the by-laws,
and the treasurer and secretary shall give, subject to the
provisions of section fifteen of chapter one hundred and
thirteen, such bond for the faithful performance of their
respective duties as the by-laws may require.
S e c t i o n 8.
The officers shall hold stated monthly
meetings at any place in the city or town in which the
bank is located. At or before each such meeting every
member shall pay to the corporation as a contribution to
its capital one dollar as dues upon each share held by him
until the share reaches the ultimate value of two hundred
dollars, or is withdrawn, cancelled or forfeited. Payment
of dues on each series shall commence from its issue.
S e c t i o n 9.
A member may withdraw his unpledged
shares, after giving thirty days’ notice of his intention so
to do, written in a book held and provided by the cor
poration for such purpose. Upon such withdrawal such
shareholder shall be paid the balance remaining after de
ducting from the amount then standing to the credit of
the shares all fines, a proportionate part of any unadjusted
loss, and such proportion of the profits previously credited
to the shares as the by-laws may provide ; but at no time
shall more than one half of the funds in the treasury be
applicable to the demands of withdrawing members with
out the consent o f the directors. The directors may,
under rules made by them and approved by the board of
commissioners o f savings banks, retire the unpledged
shares of any series after four years from the date of their
issue, by enforcing the withdrawal o f the same, and the
shares to be retired shall be determined by lot, and the
holders thereof shall be paid the full value of their shares,
less all fines and a proportionate part of any unadjusted
loss. Whenever shares are retired between the dates of
adjustment o f profits, interest shall be paid upon the full
value of the shares for all full months from the date of
the preceding adjustment to the date of retirement, at the
rate at which profits were distributed at said adjustment.
Shares pledged for share loans shall be treated as un
pledged shares.
The board of commissioners o f savings banks, when
ever in its judgment it is necessary for the welfare of the
shareholders in any co-operative bank, may order the
retirement of shares in any series after five years from
the date of issue, and it shall be the duty of the board o f
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
V ll
1877, 224, § 14.
P . S . 117, § 17.
1898, 247, § 1.
M o n th ly m e e t
in g s .
D u es.
1 8 7 7 , 2 2 4 , §§ 5 ,
7 9.
1881, 271, § 1,
o l. 3.
P . S . 117, § 7.
1900, 249.
W ith d r a w a l o f
sh a res.
1877, 224, § 10.
1881, 271, § 1,
c l. 3.
P . S . 117, § 8.
1882, 251, § 1.
1887, 216, § 2.
149 M a s s . 167.
1 9 0 3 , 9 5, § 1.
viii
APPENDIX.
directors, in the manner hereinbefore provided, to comply
with the order of said board.
Shares, when
S e c t i o n 10.
When each unpledged share of a given
matured.
1881, 271, § 1,
series reaches the value of two hundred dollars, all pay
c l. 3.
P . S . 117, § 9.
ments of dues thereon shall cease, and the holder thereof
1882, 251, § 1.
1887, 216, § 5.
shall be paid out of the funds of the corporation two hun
1898, 247, § 3.
1903, 95, § 2.
dred dollars; but at no time shall more than one half of
the funds in the treasury be applicable to the payment of
such matured shares without the consent of the directors.
I f any series of shares, pledged or unpledged, reaches
maturity between the dates of adjustment of profits, the
holders of such shares shall, in addition to the value
thereof, receive interest for all full months from the date
of the preceding adjustment to the time of payment, at
the rate at which profits were distributed at said adjust
ment ; but before the payment of matured shares all
arrears and fines shall be deducted.
Loans oi
S e c t i o n 11. The money accumulated, after due allow
money; invest
ments.
ance for all necessary expenses and the cancellation of
1877, 224, § 7.
1881, 271, § 1,
shares, shall, at each stated monthly meeting, be offered
c l. 4.
P . S . 117, § 10.
to the members according to the premiums bid by them
1882, 251, § 2.
for priority of right to a loan, or, if the corporation so
1890, 78.
1896, 277.
provides in its by-laws, the bid for loans shall, instead of
a premium, be a rate of annual interest payable in monthly
instalments upon the amount desired. Such bids shall
include the whole interest to be paid and may be at any
rate not less than five per cent per annum. Each mem
ber whose bid is accepted shall be entitled, upon giving
proper security, to receive a loan of two hundred dollars
for each unpledged share held by him, or such fractional
part of two hundred dollars as the by-laws may allow.
I f any money so offered for sale remains unsold, the
directors may invest it in any o f the securities named in
the second clause o f section twenty-six o f chapter one
hundred and thirteen, or may loan it upon first mortgages
of real estate situated in this commonwealth, upon the
conditions imposed by this chapter, or upon the shares
o f the bank to an amount not exceeding their value at the
adjustment last preceding the time of the loan ; but in
either case the loan shall be at the highest rate at the last
preceding monthly sale of money, and a note shall be
given as required by section fourteen.
P r e m iu m s .
S e c t i o n 12.
Premiums for loans shall consist of a
1877, 224, § 12.
P . S . 117, § 11.
percentage charged on the amount loaned in addition to
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Federal Reserve Bank of St. Louis
APPENDIX.
IX
interest, and shall be a consideration paid by the borrower
for the present use and possession of the future or ultimate
value of his shares, and shall, with interest and tines, be
received by the corporation as a profit on the capital
invested in the loan, and shall be distributed to the various
shares and series of said capital as hereinafter provided.
S e c t i o n 13.
A borrowing member, for each share bor I n t e r e s t .
rowed upon, shall, in addition to his dues and monthly c1 l8.8 31 ,. 2 7 1 , § 1 .
premium, pay monthly interest on his loan at the rate of P . S . 1 1 7 , § 1 2 .
six per cent per annum until his shares reach the ultimate
value of two hundred dollars each, or the loan has been
repaid ; and when said ultimate value is reached, said
shares and loan shall be declared cancelled and satisfied,
and the balance, if any, due upon the shares, shall be paid
to the member.
S e c t i o n 14. For every loan made a note shall be given, S e c u r i t y .
1877, 224, § 8.
accompanied by a transfer and pledge of the shares o f the 1 8 8 1 , 2 7 1 , § 1 .
borrower, and secured by a mortgage of real estate situated cP l.. S1.. 1 1 7 , § 1 3 .
in this commonwealth and unencumbered by any mortgage 11 88 89 94 ,, 13 54 92 ,, §§ 11 ..
or lien other than such as may be held by the bank mak
ing the loan. The shares so pledged shall be held by the
corporation as collateral security for the performance of
the conditions of said note and mortgage. Said note and
mortgage shall recite the number of shares pledged and
the amount of money advanced thereon, and shall be con
ditioned for the payment at the stated meetings of the
corporation of the monthly dues on said shares, and the
interest and premium upon the loan, with all fines on pay
ments in arrears, until said shares reach the ultimate value
of two hundred dollars each, or said loan is otherwise can
celled and discharged ; provided, however, that the direc
tors may accept the shares as sufficient security for loans
to an amount not exceeding their value at the adjustment
last preceding the time of the loan.
I f the borrower neglects to offer security satisfactory to
the directors within the time prescribed by the by-laws,
his right to the loan shall be forfeited, and he shall be
charged with one month’s interest and one month’s pre
mium at the rate bid by him, with all expenses incurred ;
and the money appropriated for such loan may be re
loaned at any subsequent meeting.
S e c t i o n 15.
If a member purchases money at a lower E f f e c t o f n e w
rate than that paid by him on an existing loan, secured by li os tai nn sg omn oerxt
a mortgage, for the purpose by him declared of reducing g1 8a9g4e, .3 4 2 , § 2 .
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Federal Reserve Bank of St. Louis
APPEN DIX.
X
Paym ent of
lo a n s .
1877, 224, § 11.
P . S . 117, § 14.
P a r tia l p a y
m e n ts o f lo a n s
o n r e a l e sta te.
1887, 216, § 4.
1906, 280.
P in e s , fo r fe it
u re o f sh a res.
1877, 224, § 13.
P . S . 11 7 , § 15.
1896, 285.
the premium or rate of interest upon said loan, a new
mortgage shall not be required, but an agreement in writ
ing for the reduction of said premium or rate of interest,
signed by said borrowing member and the secretary of
the bank, with the written approval o f the president, shall
be valid, and shall not impair or affect the existing mort
gage ; and thereafter said borrowing member shall make
the monthly payments on said loan in accordance with
the terms of said agreement, and the amount of money
previously so purchased by him may be resold by the
bank at the same meeting. The borrower shall before the
sale give written notice to the secretary of his intention
to re-buy his money. The provisions o f this section shall
not exempt the re-borrower from paying the interest and
premium for the current month on the loan made by him
for the substitution o f which the new loan is made.
S e c t i o n 16. A borrower may repay a loan at any time,
upon application to the corporation, whereupon, on settle
ment o f his account, he shall be charged with the full
amount of the original loan, with all monthly instalments
o f interest, premium and fines in arrears, and shall be
given credit for the withdrawing value of his shares pledged
and transferred as security; and the balance shall be re
ceived by the corporation in full satisfaction of said loan.
All settlements made between stated meetings o f the direc
tors shall be made as of the date o f the stated meeting
next succeeding such settlement. A borrower who desires
to retain his shares and membership may repay his loan
without claiming credit for said shares, whereupon said
shares shall be transferred to him, free from any claim on
account o f said cancelled loan.
S e c t i o n 17. Partial payments o f loans shall be received
in amounts of fifty dollars or a multiple thereof, and pay
ments of a less amount may be received in such amount
as may be fixed by the by-laws. For each two hundred
dollars so repaid upon a real estate loan one share o f stock
shall be released from pledge.
S e c t i o n 18.
Members who make default in the pay
ment of their monthly dues, interest and premiums, shall
be charged a fine not exceeding two per cent a month on
each dollar in arrears. No fines shall be charged after the
expiration of six months from the first lapse in any such
payment, nor upon a fine in arrears. The shares of a
member who continues in arrears more than six months
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Federal Reserve Bank of St. Louis
APPEN DIX.
shall, at the option of the directors, if the member fails
to pay the arrears within thirty days after notice, be de
clared forfeited, and the withdrawing value of the shares
at the time of forfeiture shall be ascertained, and, after
deducting all fines and other legal charges, the balance
remaining shall be transferred to an account to be desig
nated the “ Forfeited Share Account” to the credit of the
defaulting member. Said member, if not a borrower,
shall be entitled upon giving thirty days’ notice to receive,
out of the funds appropriated to the payment of with
drawals, the balance so transferred without interest from
the time of the transfer, in the order in which such notices
are given. All shares so forfeited or transferred shall
cease to participate in any profits of the corporation accru
ing after the adjustment and valuation of shares last pre
ceding said forfeiture.
S e c t i o n 19.
If a borrowing member is in arrears for
dues, interest, premium or fines for more than six months,
the directors may, after one month’s notice, declare the
shares forfeited if the arrears then remain unpaid. The
account of such borrowing member shall then be debited
with the arrears of interest, premium and fines to date of
forfeiture, and the shares shall be credited upon the loan at
their withdrawing value. The balance of the account may
and after six months shall be enforced against the security,
and be recovered as secured debts are recovered at law.
S e c t io n 2 0 .
No member whose shares are withdrawn,
forfeited or retired, shall be charged with fines upon such
shares in excess of the profits distributed thereto, and if
no profits shall have been distributed to such shares no
fines shall be charged thereon. The provisions of this
section shall not prevent a borrowing member being
charged with fines according to law upon interest and pre
miums in arrears.
S e c t i o n 21.
No co-operative bank, nor any person
acting in its behalf, shall take or receive a fee, brokerage,
commission, gift or other consideration for or on account
of a loan made by or on behalf of such corporation, other
than appears on the face of the note or contract by which
such loan purports to be made ; but the provisions o f this
section shall not apply to a reasonable charge for services
in the examination of property and titles and preparation
and recording of conveyances to such corporation as
security for its loans. Whoever violates a provision of
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Federal Reserve Bank of St. Louis
xi
R eco v ery o f
lo a n .
1877, 2 2 4 , §§ 8 ,
13.
P . S . 117, § 16.
1 8 8 2 , 25 1 , § 1.
1885, 121, § 4.
F in e s o n
s h a re s w ith
d r a w n , e tc.
1895, 172.
B an k or
o ffic e r s n o t to
r e c e iv e c e r ta in
fe e s .
1 8 9 7 ,1 6 1 .
APPENDIX.
xii
Books of
a c c o u n t.
1877, 224, § 14.
P . S . 117, § 17.
173 M a s s . 5 4 .
D is tr ib u tio n o f
p r o fits a n d
lo s s e s .
1877, 224, § 15.
1 8 8 1 , 2 7 1 , § 1,
P .’ S . 117, § 18.
G u a ra n ty
fu n d .
1885, 121, § 2.
1903, 203.
this section shall be punished by a fine of not less than
one hundred nor more than one thousand dollars.
S e c t io n 2 2 .
The general accounts of every such cor
poration shall be kept by double entry. All money re
ceived by the corporation from each member shall be
receipted for by persons designated by the directors, in a
pass book provided by the corporation for the use of and
to be held by the member. Said pass book shall be plainly
marked with the name and residence of the holder thereof,
the number of shares held by him and the number or des
ignation of the series or issue to which said shares,
respectively, belong, and the date of the issue of such
series. A ll money so received shall be originally entered
by the proper officer in a book to be called the “ cash
book,” to be provided by the corporation for the purpose,
and the entries therein shall show the name of the payer,
the number o f shares, the number or designation o f the
series or issues of the particular share or shares so entered,
with the amount of dues, interest, premiums and fines
paid thereon.
Each payment shall be classified and
entered in a column devoted to its kind. Said cash book
shall be closed after the termination of each stated meet
ing, and shall be an exhibit of the receipts of all money
paid at said meeting. All payments made by the corpora
tion shall be by order, check or draft upon the treasurer,
signed by the president and secretary and indorsed by the
persons in whose favor the same are drawn. The name
of the payee, the amount paid and the purpose, object or
thing for which the payment is made, with its date, shall
be entered on the margin of said order, check or draft.
S e c t io n 2 3 .
Profits and losses may be distributed
annually, semi-annually or quarterly to the shares then
existing, but shall be distributed at least once in each
year, and when a new series o f shares is to be issued.
Profits and losses shall be distributed to the various shares
existing at the time of such distribution, in proportion to
their value at that time, and shall be computed upon the
basis o f a single share fully paid to the date o f distribu
tion. Losses shall be apportioned immediately after their
occurrence.
S e c t i o n 24.
A t each distribution of profits the direc
tors shall reserve as a guaranty fund not less than one nor
more than five per cent of the net profits accrued since
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Federal Reserve Bank of St. Louis
APPENDIX.
the last preceding adjustment, until such fund amounts
to five per cent of the dues capital, which fund shall there
after be maintained and held, and shall at all times be
available to meet losses in the business of the corporation
from depreciation of its securities or otherwise.
S ection 25. A corporation which carries on its books
as assets any unpaid interest, premiums or fines shall, at
each distribution o f profits, transfer at least five per cent
of such items to the credit of its surplus account until such
account amounts to at least twenty-five per cent of the
total of all such items existing at the time of such distri
bution. If the amount in said surplus account falls below
said twenty-five per cent it shall be replenished by trans
fers as herein provided until it reaches said amount.
S ection 26. Such corporation may purchase at public
or private sale real estate upon which it may have a mort
gage, judgment, lien or other encumbrance, or in which
it may have an interest, and may sell, convey or lease the
real estate acquired by it and, on the sale thereof, may
take a mortgage in common form thereon to secure the
payment of the whole or part of the purchase price. All
real estate shall be sold within five years from the acqui
sition of the title thereto ; but the board of commissioners
of savings banks may, upon the petition of the security
committee o f such corporation and for cause, grant an
additional time for the sale of the same.
Section 27. A co-operative bank, except as provided
in section eight, shall carry on its usual business at its
office only, which shall be in the city or town named in
its agreement of association. It shall not maintain a sign
or advertise to transact business in any other place; but
the secretary or other person authorized to receive money
may receive dues, interest, premiums and fines upon such
days and in such other places as its board of directors may
authorize, subject to the approval of the board of commis
sioners of savings banks.
S ection 28. The board of commissioners of savings
banks shall perform the same duties relative to every such
corporation, and shall have the same powers, as are re
quired of or given to them relative to savings banks, and
shall annually make report to the general court of such
facts and statements relative to such corporations and in
such form as they consider the public interest requires.
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Federal Reserve Bank of St. Louis
X lll
S u rp lu s
a c c o u n t.
1900, 273.
C o r p o r a tio n
m ay bu y and
s e ll r e a l e sta te .
1877, 224, § 17.
P . S . 117, § 19.
1898, 247, § 2.
1900, 214.
[1 O p . A . G .
4 0 1 .]
P la c e o f b u s i
n ess.
1900, 249.
P o w ers o f
s a y in g s b a n k
c o m m is s io n
e rs.
1879, 129.
P . S . 117, § 20.
APPEN DIX.
X1Y
Foreign banks
not to do busi
ness, when.
1889, 4 5 2 , § 1.
1890, 310, § 2 .
1891, 403.
Annual
returns of
co-operative
banks.
1889, 159, § 2.
1895, 171.
Increase of
capital.
1903, 147, § 2 .
Every officer o f such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.
S ection 29. If, in the opinion of the board of com
missioners o f savings banks, any foreign association or
corporation authorized to carry on the business o f a co
operative bank in this commonwealth is transacting such
business in a manner hazardous to the public, or its condi
tion is such as to render further proceedings by it haz
ardous to the public, said board shall revoke or suspend
the authority given to such association or corporation and,
if it is not authorized to carry on business in this common
wealth, said board shall notify it to cease the transaction
of such business. The provisions of this chapter shall not
prevent a foreign co-operative bank from loaning money
upon mortgages of real estate located within this com
monwealth.
S ection 30. Every co-operative bank shall annually,
within thirty days after the last business day of October,
make to the board o f commissioners of savings banks in
such form as may be prescribed by it, a return, signed
and sworn to by the secretary and treasurer of the corpo
ration, showing accurately the condition thereof at close
o f business on said day. The president and five or more
o f the directors shall certify and make oath that the report
is correct according to their best knowledge and belief.
Such returns shall include all amounts received and dis
bursed up to close of business on said day, except that
amounts received for dues, interest, premiums and fines
on account o f the next monthly meeting may be omitted.
If a report is defective or appears to be erroneous, the
board shall notify the bank to amend the same within fif
teen days. A co-operative bank which neglects to make
the return required by the provisions of this section on or
before the time named therein, or to amend such report
within fifteen days, if notified by the board so to do, shall
forfeit five dollars for each day during which such neglect
continues.
S ection 31. A bank may by vote of a majority of
its members present and voting at a meeting duly called
for the purpose increase the limit of capital to be accu
mulated by it as stated in its original agreement of associa
tion and in its certificate of organization, and within
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Federal Reserve Bank of St. Louis
APPENDIX.
thirty days after such vote shall file in the office of the
secretary of the commonwealth a certificate of the amount
o f such increase and a statement of such vote, signed and
sworn to by the presiding and financial officers and by a
majority at least of the officers who possess the powers of
directors, by whatever name they may be called. For
filing and recording such certificate of increase a fee of
one dollar shall be paid to the secretary of the common
wealth. Upon the filing thereof the bank without any
further requirement shall be authorized to accumulate a
capital up to the increased amount designated in such vote.
[Chapter 292, Acts of 1904 ]
A n A ct relative to loans of co- operative banks .
Section 1. No co-operative bank shall hereafter make
a loan secured by mortgage upon any one parcel of real
estate, in excess of five thousand dollars.
S ection 2. This act shall take effect upon its passage.
[Chapter 392, Acts of 1904.]
A n A ct to authorize the consolidation of two or
MORE CO-OPERATIVE BANKS DOING BUSINESS IN THE
SAME CITY OR TOWN.
S ection 1. If two or more co-operative banks doing
business in the same city or town desire to consolidate, a
special meeting o f the members of each of said banks shall
be called, and notice of such special meeting and of the
business to come before it shall be sent by the secretary
to each member by mail, postage prepaid, at least seven
days before the date of said meeting; also by advertising
three times in one or more newspapers published in that
city or town, and if there be none such, then in a news
paper published in the county in which such city or town
is located, the last publication to be at least one day before
the said meeting ; and if two thirds or more of the members
of each of the banks intending to consolidate signify in
writing their approval of the consolidation, and if two
thirds or more of the members of each of said banks present
and voting at such special meeting vote in favor of the
consolidation, then the board o f directors of each bank
shall forthwith petition the board of commissioners of
savings banks for authority to consolidate in accordance
with the following provisions.
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Federal Reserve Bank of St. Louis
xv
APPENDIX.
XVI
S ection 2. The said petition shall be in writing,
signed for and in behalf o f the board of directors of each
bank by the president, secretary and treasurer of the bank,
and shall have annexed thereto an affidavit signed and
sworn to by the secretary stating that the notices of the
special meeting have been duly given and that the re
quirements of section one of this act have been complied
with, and the affidavit shall be prima facie evidence that
the provisions of the preceding section have been complied
with. There shall also be annexed to the said petition a
duly attested copy of the records o f the meeting of the
members o f each bank authorizing such action, signed by
the secretary, and a duly attested copy o f the balance sheet
o f each bank at the close of business on the last day of the
month previous to the date of the petition, signed by the
treasurer.
Section 3. The board of commissioners of savings
banks shall at once select a competent auditor or auditors,
who shall make a thorough audit of the books and assets
o f each bank, which shall include the calling in and com
paring of the members’ pass-books with the records of each
bank. The auditor or auditors shall submit a written re
port of his or their findings to the board ; and the expenses
o f such audit, provided the consolidation is not finally
approved by the board of commissioners of savings banks,
shall be borne by the petitioning banks pro-rata to their
dues capital, but if the consolidation is approved and
carried out the continuing bank shall bear the expense of
the audit, legal services and other charges, authorized and
incident to the proposed consolidation.
S ection 4. If the said reports disclose to the board
of commissioners o f savings banks a condition favorable
to consolidation, the order for consolidation may be
issued with instructions in detail as follows : —
(a) The assets of each bank shall be turned over to the
continuing bank as soon as the order for consolidation is
issued by the board of commissioners of savings banks,
and the continuing bank shall thereupon assume all
liabilities accrued on account o f the outstanding shares
issued by the bank or banks the assets of which are so
taken over, and shall be subject to all the liabilities of the
said bank or banks except as otherwise specifically pro
vided herein, and all business thereafter shall be done
under the title of the continuing bank except as otherwise
provided in section seven of this act.
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Federal Reserve Bank of St. Louis
APPENDIX.
(b ) No more shares shall be sold by the bank or banks
that are taken over, bnt during the life of the series of
shares already issued by said bank or banks, and outstand
ing, separate accounts shall be kept and the monthly pay
ments shall be due and payable under the same conditions
as though said bank or banks had not ceased to do business
as a separate corporation.
S ection 5. A ll liabilities of the consolidated banks for
current expenses shall be adjusted and paid by each bank
before the consolidation is finally approved by the board
o f commissioners o f savings banks, and a certificate to that
effect from each bank, signed and sworn to by its presi
dent, treasurer and a majority of its directors, shall be
filed with said board and shall be prima facie evidence
that such liabilities have been discharged in full.
S ection 6. A t the time of, and upon final approval
of, the consolidation, all the offices of the bank or banks
whose assets and business are taken over by the continu
ing bank shall forthwith become vacant and be abolished,
and the continuing bank, its officers, by-laws and rules
for doing business, shall govern and control in all matters
relating to the banks consolidated.
S ection 7. A new name or the name of any one of
the petitioning banks may be adopted as the name of the
continuing bank at the special meeting called as provided
in section one of this a ct; and if such proposed name is
set forth in the petition to the board of commissioners of
savings banks and is approved by said board it shall
become the name of the continuing bank upon the final
approval of the consolidation without further acts or re
quirements under the laws of the Commonwealth as to
change or adoption of a new name on the part of the con
tinuing bank.
Section 8. This act shall take effect upon its passage.
[Section 4, Chapter 204, Acts of 1906.]
The bank commissioner, the treasurer and receiver gen
eral and the commissioner of corporations shall constitute
a board which shall exercise the powers and perform the
duties conferred or imposed upon the board o f savings
bank commissioners by section three of chapter three hun
dred and seventy-four of the acts of the year nineteen
hundred and four, by chapter three hundred and fifty-five
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Federal Reserve Bank of St. Louis
xvii
APPEN D IX.
XV111
of the acts of the year nineteen hundred and two, by
section two of chapter one hundred and fourteen of the
Revised Laws, and by section twenty of chapter one hun
dred and sixteen of the Kevised Laws.
[Chapter 351, Acts of 1907.]
A n A ct
relative to mortgages of co- operative banks .
S ection 1. Any co-operative bank shall have author
ity to insert in its form of real estate mortgage a clause
providing that in case o f any loss by fire on the mort
gaged property in respect to which the fire insurance
company or companies shall deny liability as to the in
sured, the bank shall have the power, at its option, to
assign the debt and note for which the mortgage was given
and also the mortgage to the insurance company or com
panies upon payment to the bank by such company or
companies of the amount due upon the mortgage loan at
the time of the fire, together with the unpaid interest,
premium and fines, if any, accrued thereon at the date of
such assignment, less the value of the forfeited shares as
hereinafter provided, whereupon the note and mortgage
shall forthwith become a note and mortgage for such total
balance due, payable upon demand with interest semi
annually at the same rate, including premium, if any, as
therein stated, the first payment of interest to be due six
months after the date of the assignment, and any shares
of the bank pledged as security for the note and mortgage
loan shall be forfeited by the bank immediately before the
execution and delivery to the insurance company or com
panies of such assignment, and the withdrawal value of
shares so forfeited shall, at the time of the assignment, be
credited as a part payment on said mortgage loan, the
balance thereof being the balance of the loan due at the
time of the assignment to the insurance company or com
panies as aforesaid.
Section 2. Any mortgage note taken under the pro
visions of this act shall contain proper reference thereto.
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Federal Reserve Bank of St. Louis
INDEX
TO SUBJECTS CONTAINED IN THE STATUTES RELATING TO
CO-OPERATIVE BANKS.
PAGE
.......................................................... .........
Advertisements, restrictions on,
Agreement of association ; what to set forth, .
Annual returns,
.
.
.
.
.
xiii
.
v
.......................................................................................................... xiv
Authority of foreign corporations to do business may he revoked, .
Bids for loans may he a rate of interest, .
.
.
.
.
.
.
.
.
.
xiv
viii
Bonds of treasurers and employees, .............................................................................
vi
Books and accounts,......................................................................................
Business, places where it may he conducted,
Capital,
.
.
.
xii
.......................................xiii
.
.
.
.
.
.
.
.
.
.
.
Capital, increase of, .
.
.
.
.
.
.
.
.
.
.
Capital, investments of,
.
.
.
.
Consolidation of two or more banks,
.
.
.
.
.
.
.
.
.
.
.
vi
xiv
.
.
.
.
.
xv
Co-operative hanking defined..........................................
v
..........................................................
Co-operative hanks must he incorporated,
viii
v
Distribution of profits and l o s s e s , .................................................................................... xii
D u e s,.......................................................................................................... .........
Examinations by commissioners,
.
.
.
.
.
.
.
.
.
.
.
Fee, brokerage, commission, etc., not to be taken on account of loans. Penalty,
Fines defined,
.............................................................................
vii
xiii
xi
x
Fines in excess of profits not to be c h a r g e d ,.......................................................... xi
Forfeiture of shares,...................................................................
Guaranty fund, .
.
.
.
.
.
.
.
.
xi
.
.
.
.
xii
How moneys may be lent or i n v e s t e d , ......................................................................... viii
Increase of capital,
.............................................................................
Interest on loans,
.
.
.
.
.
.
.
.
.
xiv
.
.
.
L o a n s , ...................................................................
Loans, hid for same may be a rate of interest, .
Loans, amount limited,
.
Loans, partial payment of,
Loans, payment of,
Loans, premiums on,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ix
viii
.
.
.
viii
.
.
.
.
.
.
.
.
.
.
.
.
.
xv
.
.
.
.
.
.
.
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x
.
x
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.
viii
XX
IN D EX TO APPEN DIX.
PAGE
Loans, recovery o f , ...................................................................................................................xi
Loans, security f o r , ................................................
Maturity of shares,
.
.
.
.
.
ix
.
.
.
.
.
.
.
viii
Meetings, .
vii
Moneys, how lent or in v ested ,.............................................................................................viii
Mortgages.................................................................................................................................. xviii
O f f i c e r s ,...................................................................................................................................... vi
Organization,
.
.
.
.
.
.
.
.
.
.
.
.
.
v
Partial payment of loans on real e s t a t e ,..............................................................................x
Payment of loans................................................................................................................. ............
Payments by the corporation,..............................................................................................xii
P en a ltie s,................................................................................................................................v-xii
Penalty for failure to make annual r e t u r n , ........................................
.
xiv
Plans of issuing stock, e t c . , ................................................................................................vi
Powers of savings hank commissioners,
.
.
.
.
.
.
.
.
xiii
Premiums on l o a n s ,................................................................................................................viii
Profits and losses, how d istributed,....................................................................................xii
Purchase of money at a lower rate, .
.
.
.
.
.
.
.
.
ix
Real estate, how a c q u i r e d , ................................................
xiii
Recovery of l o a n s , ...................................................................................................................xi
Retiring of s h a r e s ,...................................................................
Secretary and treasurer may be one and same person,
Secretary and treasurer to give bonds,
.
.
vii
.
.
.
.
.
.
.
.
.
.
vi
.
vi
Security for loans......................................................................................................................... ix
Shares, forfeiture o
f , ................................................................................................ ............
Shares held in tru st,..........................................................
Shares in name of minors,
.
Shares, maturity of, .
.
.
Shares, retiring of,
.
.
.
Stock, plans of issuing same,
.
.
.
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vi
vi
viii
vii
................................................................................................vi
Surplus account,
.
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.
xiii
Withdrawals,
.
.
.
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.
vii
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
GENERAL INDEX.
PAGE
General Remarks on Co-operative B a n k s , ...................................
Aggregate Statement of Co-operative Banks,
Tables of Co-operative Banks Statistics,
.
iii
.
.
.
.
.
.
.
iv
x, xvii, xviii
General Remarks on Collateral Loan Companies,
.
.
xxvi
General Remarks on Mortgage Loau and Investment Companies,
.
.
xxvi
General Remarks on Foreign Building and Loan Associations,
.
. xxvii
.
. xxvii
General Remarks on American Service Union,
.
.
.
.
.
General Remarks on American Reserve Bond Company,
. xxvii
Annual Reports of Co-operative B a n k s , ...................................
. 2-225
Annual Reports of Loan C o m p a n i e s ,...........................................
229-231
A P P E N D IX
PAGE
Statutes relating to Co-operative Banks,
Index to S ta tu te s,...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
V
xix
I ndex
to
the
A nnual
R epoets.
[Alphabetically by Location.]
CO-OPERATIVE BANKS.
L
o c a t i o n
CORPORATE N A M E.
.
Adams, .
.
.
Amesbury,
Arlington,
Athol,
.
.
.
Attleborough, .
Baldwinville, .
Beverly, .
.
.
PAGE
.
Adams Co-operative Bank,
Amesbury Co-operative Bank,
Arlington Co-operative Bank, .
.
Athol Co-operative Bank,
Attleborough Co-operative Bank, .
Baldwinville Co-operative Bank,
.
Beverly Co-operative Bank,
' Boston Co-operative Bank,
Dorchester Co-operative Bank,
Enterprise Co-operative Bank,
Federal Co-operative Bank,
Germania Co-operative Bank, .
Guardian Co-operative Bank, .
Highland Co-operative Bank, .
Homestead Co-operative Bank,
Merchants’ Co-operative Bank,
Boston, .
Mt. Washington Co-operative Bank,
North Dorchester Co-operative Bank,
Pioneer Co-operative Bank,
Roslindale Co-operative Bank,
Roxbury Co-operative Bank, .
Suffolk Co-operative Bank,
Volunteer Co-operative Bank, .
West Roxbury Co-operative Bank,
Workingmen’s Co-operative Bank, .
Bridgewater, .
Bridgewater Co-operative Bank,
Campello Co-operative Bank, .
Brockton,
Security Co-operative Bank, .
Brookline,
Brookline Co-operative Bank, .
Cambridge,
Reliance Co-operative Bank, .
Cambridgeport,
Columbian Co-operative Bank,
Canton, .
.
.
.
Canton Co-operative Bank,
Chelsea, . , .
Provident Co-operative Bank, .
Clinton, .
.
.
.
Clinton Co-operative Bank,
Danvers, .
.
.
.
Danvers Co-operative Bank, .
Dedham.............................
Dedham Co-operative Bank, .
East Cambridge,
Cambridge Co-operative Bank,
Easthampton,.
Hampton Co-operative Bank, .
Everett, .
.
.
.
Everett Co-operative Bank,
Fall River Co-operative Bank,
•Lafayette Co-operative Bank, .
Fall River,
People’ s Co-operative Bank, .
Troy Co-operative Bank, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3
5
6
8
11
13
16
19
41
4 4
5 4
6 2
71
7 8
8 8
1 1 6
1 2 4
1 3 7
1 4 5
1 6 2
1 6 4
1 8 2
1 8 7
2 0 3
2 2 2
2 3
2 7
1 6 9
2 4
1 5 7
3 5
2 9
151
3 4
3 7
40
2 6
7 3
5 0
5 2
9 5
144
1 8 6
[Pub. Doc.
IN D EX.
x x iv
.
Fitchburg,
Foxborough, .
Franklin,
Gardner, .
Gloucester,
Grafton, .
Great Barrington, .
Greenfield,
Groveland,
Haverhill,
Hingham,
Holbrook,
Holyoke,.
Hudson, .
Hyde Park,
Lawrence,
Leominster,
Lowell,
.
Lynn,
Malden, .
Mansfield,
Marblehead, .
Marlborough, .
Medfield,.
Medford,.
Melrose, .
Merrimac,
Middleborough,
Milford, .
Natick, .
Needham,
New Bedford, .
Newburyport,.
Newtonville, .
North Abington,
North Adams,
Northampton,.
North Dighton,
North Easton,
Norwood,
Orange, .
Peabody,.
Pittsfield,
Plymouth,
Quincy,
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PAGE
CORPORATE NAM E.
LOCATION.
Fidelity Co-operative Bank,
Fitchburg Co-operative Bank, .
Foxborough Co-operative Bank,
Dean Co-operative Bank, .
.
.
.
Gardner Co-operative Bank, .
Gloucester Co-operative Bank,
Grafton Co-operative Bank,
Housatonic Co-operative Bank,
Greenfield Co-operative Bank,.
Groveland Co-operative Bank,
Citizens’ Co-operative Bank, .
Haverhill Co-operative Bank, .
Hingham Co-operative Bank, .
Holbrook Co-operative Bank, .
' City Co-operative Bank, .
.
.
.
. Holyoke Co-operative Bank, .
Hudson Co-operative Bank,
Hyde Park Co-operative Bank,
r Atlantic Co-operative Bank, .
Lawrence Co-operative Bank, .
. Merrimack Co-operative Bank,
Leominster Co-operative Bank,
(•B. F. Butler Co-operative Bank,
Lowell Co-operative Bank,
.
.
l Middlesex Co-operative Bank,
f Equitable Co-operative Bank, .
1 Lynn Co-operative Bank,
Malden Co-operative Bank,
Mansfield Co-operative Bank, .
Marblehead Co-operative Bank,
Marlborough Co-operative Bank, .
Medfield Co-operative Bank, .
i Hillside Co-operative Bank,
l Medford Co-operative Bank, .
Melrose Co-operative Bank,
.
Economy Co-operative Bank, .
Middleborough Co-operative Bank,
Milford Co-operative Bank,
Henry Wilson Co-operative Bank, .
Needham Co-operative Bank, .
f Acushnet Co-operative Bank, .
1 New Bedford Co-operative Bank, .
Newburyport Co-operative Bank, .
Newton Co-operative Bank,
North Abington Co-operative Bank,
Berkshire County Co-operative Bank,
Northampton Co-operative Bank, .
North Dighton Co-operative Bank, .
North Easton Co-operative Bank, .
Norwood Co-operative Bank, .
Orange Co-operative Bank,
Peabody Co-operative Bank, .
Pittsfield Co-operative Bank, .
Plymouth Co-operative Bank,.
( Quincy Co-operative Bank,
\ Wollaston Co-operative Bank,.
55
57
59
38
61
64
66
90
68
69
31
75
81
83
32
84
92
93
9
97
118
98
18
j
100
121
46
101
103
104
106
107
111
80
113
114
43
120
123
76
126
2
128
129
131
132
14
134
135
138
139
141
142
147
149
153
218
INDEX.
No. 8.]
CORPORATE
LOCATION.
Randolph,
Reading, .
Revere, .
Salem,
Sandwich,
Somerville,
South Braintree,
South Framingham,
South Weymouth, .
Springfield,
Stoneham,
Stoughton,
Taunton,
Wakefield,
Waltham,
Watertown,
Waverley,
Webster, .
Westfield,
West Newton,
West Somerville,
West Springfield,
Weymouth,
Whitman,
Winchendon, .
Winchester,
Winthrop,
Woburn, .
.
.
Worcester,
Wrentham,
NAME.
Randolph Co-operative Bank, .
Reading Co-operative Bank, .
Revere Co-operative Bank,
| Roger Conant Co-operative Bank, .
1 Salem Co-operative Bank,
Sandwich Co-operative Bank, .
| Somerville Co-operative Bank,
1 Winter Hill Co-operative Bank,
Braintree Cp-operative Bank, .
South Framingham Co-operative Bank,
South Weymouth Co-operative Bank,
Springfield Co-operative Bank,
Stoneham Co-operative Bank, .
Stoughton Co-operative Bank,
/-Mechanics’ Co-operative Bank,
j Taunton Co-operative Bank, .
< Weir Co-operative Bank, .
Wakefield Co-operative Bank,.
Waltham Co-operative Bank, .
Watertown Co-operative Bank,
Waverley Co-operative Bank, .
Webster Co-operative Bank, .
Westfield Co-operative Bank, .
West Newton Co-operative Bank, .
West Somerville Co-operative Bank,
West Springfield Co-operative Bank,
South Shore Co-operative Bank,
Whitman Co-operative Bank, .
Winchendon Co-operative Bank,
Winchester Co-operative Bank,
Winthrop Co-operative Bank,
Woburn Co-operative Bank, .
r Equity Co-operative Bank,
J Home Co-operative Bank,
(. Worcester Co-operative Bank,
Wrentham Co-operative Bank,
XX V
PAGE
154
156
159
161
165
167
171
213
21
172
175
177
179
181
109
184
198
189
191
193
195
196
199
201
205
207
174
208
210
212
215
216
48
86
220
224
COLLATERAL LOAN COMPANIES.
Boston,
.
Worcester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
| Collateral Loan Company,
1 Workingmen’s Loan Association, .
Worcester Collateral Loan Association, .
229
231
230
INDEX
XXVI
Index
to
th e
[Pub. Doc.
A nnual
R eports.
[ Alphabetically by Corporate N a m e.]
CO-OPERATIVE BANKS.
LOCATION.
CORPORATE NAME.
Acushnet Co-operative Bank, .
Adams Co-operative Bank,
Amesbury Co-operative Bank, .
Arlington Co-operative Bank, .
Athol Co-operative Bank, .
Atlantic Co-operative Bank,
Attleborough Co-operative Bank,
Baldwinville Co-operative Bank,
Berkshire County Co-operative Bank,
Beverly Co-operative Bank, , .
B. F. Butler Co-operative Bank,
Boston Co-operative Bank,
Braintree Co-operative Bank, .
Bridgewater Co-operative Bank,
Brookline Co-operative Bank, .
Cambridge Co-operative Bank,.
Campello Co-operative Bank, .
Canton Co-operative Bank,
Citizens’ Co-operative Bank, .
City Co-operative Bank, .
Clinton Co-operative Bank,
Columbian Co-operative Bank,
Danvers Co-operative Bank,
Dean Co-operative Bank, .
Dedham Co-operative Bank,
Dorchester Co-operative Bank,
Economy Co-operative Bank, .
Enterprise Co-operative Bank, .
Equitable Co-operative Bank, .
Equity Co-operative Bank,
Everett Co-operative Bank,
Fall River Co-operative Bank, .
Federal Co-operative Bank,
Fidelity Co-operative Bank,
Fitchburg Co-operative Bank, .
Foxborough Co-operative Bank,
Gardner Co-operative Bank,
Germania Co-operative Bank, .
Gloucester Co-operative Bank, .
Grafton Co-operative Bank,
Greenfield Co-operative Bank, .
Groveland Co-operative Bank, .
Guardian Co-operative Bank, .
Hampton Co operative Bank, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
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.
.
.
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PAGE
. New Bedford, . . .
2
. Adams, .
.
.
.
3
. Amesbury,
. . .
5
. Arlington,
. . .
6
. Athol,
.
.
.
.
8
. Lawrence,
. . .
9
. Attleborough, .
. < .
11
. Baldwinville, . . .
13
. North Adams , . . .
14
. Beverly, .
.
.
.
16
. Lowell, .
.
.
.
18
. Boston, .
.
.
.
19
. South Braintree,
.
.
21
. Bridgewater, . . .
23
. Brookline,
. . .
24
. East Cambridge, .
.
26
. Brockton,
. . .
27
.
.
.
29
. Canton, .
. Haverhill,
. . .
31
. Hol yoke, .
.
.
.
32
. Clinton, .
.
.
.
34
. Cambridgeport,
.
.
35
. Danvers, .
.
.
.
37
. Franklin,
. . .
38
. Dedham, .
.
.
.
40
. Boston, .
.
.
.
41
. Merrimac,
. . .
43
. East Boston, . . .
44
. Lynn,
.
.
.
.
46
. Worcester,
. . .
48
. Everett........................................ 50
. Fall River,
. . .
52
. Boston, .
.
.
.
54
. Fitchburg,
. . .
55
. Fitchburg,
. . .
57
. Foxborough, . . .
59
. Gardner, .
.
.
.
61
. Boston, .
.
.
.
62
. Gloucester,
. . .
64
. Grafton, .
.
.
.
66
. Greenfield,
. . .
68
. Groveland,
. . .
69
. Boston, .
.
.
.
71
. Easthampton, . . .
73
INDEX.
No. 8.]
CORPORATE NAME.
Haverhill Co-operative Bank, .
Henry Wilson Co-operative Bank, .
Highland Co-operative Bank, .
Hillside Co-operative Bank,
Hingham Co-operative Bank, .
Holbrook Co-operative Bank, .
Holyoke Co-operative Bank,
Home Co-operative Bank,
Homestead Co-operative Bank,
Housatonic Co-operative Bank,
Hudson Co-operative Bank,
Hyde Park Co-operative Bank,
Lafayette Co-operative Bank, .
Lawrence Co-operative Bank, .
Leominster Co-operative Bank,
Lowell Co-operative Bank,
Lynn Co-operative Bank, .
Malden Co-operative Bank,
Mansfield Co-operative Bank, .
Marblehead Co-operative Bank,
Marlborough Co-operative Bank,
Mechanics’ Co-operative Bank,.
Medfield Co-operative Bank,
Medford Co-operative Bank,
Melrose Co-operative Bank,
Merchants’ Co-operative Bank,.
Merrimack Co-operative Bank,.
Middleborough Co-operative Bank, .
Middlesex Co-operative Bank, .
Milford Co-operative Bank,
Mt. Washington Co-operative Bank,
Needham Co-operative Bank, .
New Bedford Co-operative Bank,
Newburyport Co-operative Bank,
Newton Co-operative Bank,
North Abington Co-operative Bank,
Northampton Co-operative Bank,
North Dighton Co-operative Bank, .
North Dorchester Co-operative Bank,
North Easton Co-operative Bank,
Norwood Co-operative Bank, .
Orange Co-operative Bank,
Peabody Co-operative Bank,
People’s Co-operative Bank,
Pioneer Co-operative Bank,
Pittsfield Co-operative Bank,
Plymouth Co-operative Bank, .
Provident Co-operative Bank, .
Quincy Co-operative Bank,
Randolph Co-operative Bank, .
Reading Co-operative Bank,
Reliance Co-operative Bank,
Revere Co-operative Bank,
Roger Conant Co-operative Bank, .
Roslindale Co-operative Bank, .
Roxbury Co-operative Bank, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
X X V ll
LOCATION.
Haverhill,
Natick, .
Boston, .
Medford,.
Hingham,
Holbrook,
Holyoke,.
Worcester,
Boston, .
Great Barrington, .
Hudson, .
Hyde Park,
Fall River,
Lawrence,
Leominster,
Lowell, .
Lynn,
Malden, .
Mansfield,
Marblehead, .
4
Marlborough, .
Taunton,
Medfield,
Medford,
Melrose, •
Boston, .
Lawrence,
Middleborough,
Lowell, .
Milford, .
•
Boston, .
Needham,
.
!
New Bedford, .
Newburyport,.
Newtonville, .
North Abington,
Northampton,
North Dighton,
Boston, .
North Easton,
Norwood,
Orange, .
Peabody,.
Fall River,
Boston, .
Pittsfield,
Plymouth,
Chelsea, .
Quincy, .
Randolph,
Reading,.
Cambridge,
Revere, .
Salem,
Roslindale,
Boston, .
PAGE
75
76
78
80
81
83
84
86
88
90
92
93
95
97
98
100
101
103
104
106
107
109
111
113
114
116
118
120
121
123
124
126
128
129
131
132
134
135
137
138
139
141
142
144
145
147
149
151
153
154
156
157
159
161
162
164
[Pub. Doc. No 8.
IN D EX.
xxviii
LOCATION.
CORPORATE NAME.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
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.
.
.
.
.
.
.
.
.
.
.
.
Salem Co-operative Bank,
Sandwich Co-operative Bank, .
Security Co-operative Bank,
Somerville Co-operative Bank, .
South Framingham Co-operative Bank,
South Shore Co-operative Bank,
South Weymouth Co-operative Bank,
Springfield Co-operative Bank,
Stoneham Co-operative Bank, .
Stoughton Co-operative Bank, .
Suffolk Co-operative Bank,
Taunton Co-operative Bank,
Troy Co-operative Bank, .
Volunteer Co-operative Bank, .
Wakefield Co-operative Bank, .
Waltham Co-operative Bank, .
Watertown Co-operative Bank,
Waverley Co-operative Bank, .
Webster Co-operative Bank,
Weir Co-operative Bank, .
Westfield Co-operative Bank, .
West Newton Co-operative Bank, .
West Roxbury Co-operative Bank, .
West Somerville Co-operative Bank,
West Springfield Co-operative Bank,
Whitman Co-operative Bank, .
Winchendon Co-operative Bank,
Winchester Co-operative Bank,
Winter Hill Co-operative Bank,
Winthrop Co-operative Bank, .
Wobufn Co-operative Bank,
Wollaston Co-operative Bank, .
Worcester Co-operative Bank, .
Workingmen’s Co-operative Bank, .
Wrentham Co-operative B an k,.
PAGE
Salem,
.
.
.
.
Sandwich,
Brockton,
Somerville,
South Framingham,
Weymouth,
South Weymouth, .
Springfield,
Stoneham,
Stoughton,
Boston, .
.
.
.
Taunton.............................
Fall River,
Boston................................
Wakefield,
.
Waltham,
Watertown,
Waverley,
Webster..............................
Taunt on, .
.
.
.
Westfield,
West Newton,
Boston, .
.
.
.
West Somerville, .
West Springfield, .
Whitman,
Winchendon, .
Winchester,
Somerville,
Winthrop,
Woburn, .
.
.
.
Quincy, .
.
.
.
Worcester,
Boston, .
.
.
.
Wrentham,
165
167
169
171
172
174
175
177
179
181
182
184
186
187
189
191
193
195
196
198
199
201
203
205
207
208
210
212
213
215
216
218
220
222
224
COLLATERAL LOAN COMPANIES.
Collateral Loan Company,
Worcester Collateral Loan Association,
Workingmen’ s Loan Association,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
. Boston, .
. Worcester,
. Boston, .
i
.
.
.
.
.
.
229
230
231
@FedFRASER