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Public Document

No. 8

AN^MilÊÉfOËîOHlüAL

-BANK CO viM §SoSER.
1911.

PART II.
RELATING TO

CO-OPERATIVE BANKS AND CREDIT UNIONS.

BOSTON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,


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

18 P o st O f f ic e S q u a r e .
1912.

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

A pproved b y
T h e S t a t e B oard of P u b l ic a t io n .

33A.I

IYI3 r
lq//) tit.ïL

®l)e Comimniuicaltl) of iilnssnd)usctts.

Office of the B ank C ommissioner ,
State H ouse , B oston, Jan. 12, 1912.

To the General Court of Massachusetts.

Part II. of the annual report of the Bank Commissioner, relating to
co-operative banks and credit unions, and covering their operations for
the year ending Oct. 31, 1911, is herewith submitted.

C o- o p e r a t iv e B a n k s .

During the past year the department has required co-operative banks
in the Commonwealth to have their pass books verified by some person
not connected directly with the bookkeeping of the bank. It is not
the intention of the department to have this verification annually, but
only at such intervals as are deemed necessary. This is the first veri­
fication the department has required. While it is not possible to make
a complete report at this time, the verification up to the present time
has been very satisfactory.
The need of a codification and revision of the co-operative bank laws
has been felt for some time, and during the past year the department
has co-operated with a committee appointed by the Massachusetts
Co-operative Bank League to draw up recommendations for revising
the co-operative bank laws. This is ready to be submitted to the
Legislature.
The following is a list of the co-operative banks which have been
chartered and have commenced business since Oct. 31, 1910: —
Ua
Un


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPO RT OF TH E

IV

Brighton Co-operative Bank

Brighton

Chelsea Co-operative Bank

Chelsea .

Harvard Co-operative Bank

Dorchester

Independent Co-operative Bank

Worcester

Mattapan Co-operative Bank

Dorchester

.

Montello Co-operative Bank
Noddle Island Co-operative Bank
Rockland Co-operative Bank

Began
Business.

Location.

N ame.

.

.

May 22, 1911
.

.

.

.

Nov.

2, 1910

Apr.

12, 1911

May 31, 1911
.

Dec. 20, 1910

Brockton

Sept. 14, 1911

East Boston .

Mar.

4, 1911

Rockland

Mar.

9, 1911

Saugus .

.

.

.

May 10, 1911

Boston .

.

.

.

June 12, 1911

Union Co-operative Bank .

Boston .

.

.

.

Sept. 13, 1911

Union Co-operative Bank .

Pittsfield

Jan.

Wellesley Co-operative Bank

Wellesley

Jan. 25, 1911

Saugus Co-operative Bank
Trimount Co-operative Bank

.

17, 1911

Berkshire County Co-operative Bank.

Owing to the real estate situation in North Adams, the Berkshire
County Co-operative Bank was found to be in such a condition that
the department advised the liquidation of its affairs. Accordingly a
meeting of the shareholders was called, and action was taken appoint­
ing a liquidating committee of three of the shareholders, under whose
direction the affairs of the bank are now being liquidated. The share­
holders have already received 25 per cent, of the value of their shares,
and a second dividend of 12^ per cent, will be available in the near
future. Whether they will be able to receive the full value will depend
upon the prices at which the liquidating committee are able to dispose
of the real estate held under foreclosure.


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER,

v

Aggregate Statement of Condition of all Co-operative Banks.
Oct. 31, 1911,
160 Banks.

Oct. 31, 1910,
147 Banks.

$122,789 21

$149,848 70

62,777,184 47
2,476,655 00
245,284 21

56,896,951 05
2,401,321 00
274,015 26

161,274 71

215,309 70

.

30,689
123,687
747
12,211

00
48
01
20

31,635 00
128,662 31
761 84
12,012 95

Miscellaneous.
Permanent expense
Temporary expense
Personal accounts
Insurance and taxes paid .
Sundry assets
. . . .

18,389
30,106
2,504
3,456
9,873

08
03
07
80
28

14,753 65
25,651 81
3,553 52
3,719 56
12,360 08

1,558,342 04
187 24

ASSETS.

Securities.
Bonds and notes
Loans.
Loans on real estate .
Loans on shares . . . .
Common form mortgages .
Real Estate.
Real estate by foreclosure, etc. .
Unpaid
Unpaid
Unpaid
Unpaid

Arrearages.
dues
. .
interest . .
premiums
fines
. .

.
.
.

.
.

P ercentage of I nvestments to
T otal, A ssets O ctober 31.

1911 1910 1909 1908 1907 1906

.18

.24

.20

.40

.62

1.05

92.90 92.52 92.13 91.53 91.22 89.66
3.67 3.90 4.00 4.40 4.51 4.09
.36
.45
.55
.64
.79
.90
.24

.44

.35

.10
.26

.03
.25
.01
.02
.03
.05
.02

.02

.02

.02

.03
.04

.03
.04
-

.01
.01

.02
.04
.01
.01
.02

.01
.02

.03
.04
.01
.01
.03

.02
.04
.03
.01
.05

.07

1,330,246 99
34 87

2.31
-

2.16
-

2.25
-

1.88
-

1.59
.01

2.55
-

$67,573,380 83 $61,498,838 29

100

100

100

100

100

100

-

-

.07
.24

1.27

.02

-

.05
.21

.77
.08
.23
.01
.02

Cash.
Cash on hand and in banks
Cash ite m s.................................

.05
.18

.65

-

-

1911

1911

LIABILITIES.

Oct. 31, 1911.

Oct. 31, 1910.

Increase.

Capital.
Dues c a p i t a l .................................
Profits c a p i t a l .................................

$55,589,298 00
9,693,364 88

$50,695,747 00
8,851,253 71

$4,893,551 00
842,111 17

-

Surplus.
Guaranty f u n d .................................
S u r p l u s .........................................

644,989 42
1,072,142 29

567,983 90
906,936 22

77,005 52
165,206 07

-

Undivided Earnings.
Interest
.................................
P r e m iu m .........................................
Fines
.........................................
Transfer fees
.
.
.
.
.
Withdrawal profits
. . . .
Forfeiture profits
. . . .

340,250
2,227
10,396
84
12,275
51

66
31
62
00
70
10

Miscellaneous.
Forfeited share account
Retired share account
Matured share account
Advanced payments . .
Personal accounts
. .
Security committee . .
Sundry liabilities
. .

29,462
370
163,582
7,349
5,492
724
1,319


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

.
.
.
.

.
.
.
.

43
54
03
00
98
18

30,872 23
142 77
699 59
14 00
2,024 72
-

49
59
10
90
05
01
71

22,985 93
1,606 11
90,425 59
6,219 00
4,555 85
596 54
18,726 28

6,476 56
73,156 51
1,130 90
936 20
127 47
-

$67,573,380 83

$61,498,838 29

$6,074,542 54

.

309,378
2,084
9,697
70
10,250
321

Decrease.

-

-

-

$270 08
1,235 52
-

-

17,406 57
-

REPO RT OF THE

VI

[Pub. Doc.

Receipts and Disbursements fo r the Year ending Oct. 31, 1911.
R eceipts .

Dues capital

Capital.
. .

.

.

D isbursem ents .

$15,211,842 00

Loans and Investments.
Real estate loans eliminated by
foreclosure
. . . .
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
M o rtg a g e s .................................
Notes and bonds . . . .
Real estate by foreclosure .

570,294
9,597,346
1,804,650
283,329
55,555
124,495
247,091

90
57
63
84
46
04
80

Income and Expenses.
I n t e r e s t .................................
P r e m iu m s .................................
Fines .........................................
Transfer fees
. . . .
Withdrawal profits
Forfeited profits . . . .
R e n t s .........................................
E x p e n s e s .................................

3,464,189
16,482
104,159
615
82,588
1,430
645
6,369

98
55
71
25
60
21
27
78

Miscellaneous.
Forfeited share account
Retired share account .
Matured share account
Personal accounts
Advance payments
S u n d r i e s .................................

45,512
196,808
995,984
108,439
28,267
33,435

55
38
01
83
55
78

Cash.
Cash on hand Oct. 31, 1910 .

174,061 48

1,330,281 86

Capital.
Dues capital (withdrawn) .
Dues capital (forfeited)
Dues capital (retired) .
Dues capital (matured)
Profits capital (withdrawn)
Profits capital (forfeited)
Profits capital (retired)
Profits capital (matured)

$6,624,648
114,711
1,056,604
2,521,678
926,494
18,805
364,549
925,958

00
00
00
00
26
75
10
66

Loans and Investments.
Real estate loans . . . .
Share lo a n s .................................
Uncompleted mortgage loans
M o rtg a g e s .................................
Notes and bonds . . . .
Real estate by foreclosure .

16,230,578
1,879,984
276,688
26,824
97,541
192,828

16
63
05
41
80
01

Income and Expenses.
Interest
.................................
Temporary expense
Permanent expense

44,821 05
286,443 78
9,507 50

Miscellaneous.
Forfeited share account
Retired share account .
Matured share account
Personal accounts
Advance payments
S u n d r i e s .................................

33,139
203,940
922,698
108,232
27,410
31,262

Cash.
Cash on hand Oct. 31, 1911 .

30
59
80
04
03
83

1,558,529 28

$34,483,879 03

$34,483,879 03

Comparative Profit and Loss Statements for the Last Three Years.
1911
Gross Income.
I n t e r e s t ..................................................................
P r e m iu m s ..................................................................
F i n e s ..........................................................................
Withdrawal p r o f i t s ..................................................
Forfeiture profits......................................... ........
Transfer f e e s ..........................................................
M is c e lla n e o u s ..........................................................
Deductions.
Current expenses..........................................................
Permanent e x p e n s e .................................................
Interest on retired and matured shares
M is c e lla n e o u s ..........................................................

$3,392,808
16,322
103,681
81,647
1,375
601
69,671

1910

90
41
91
69
04
25
95

$3,085,010
15,311
97,039
75,695
884
529
107,832

1909
08
61
92
37
66
75
35

$2,802,608
14,939
93,078
75,990
1,056
512
110,102

07
30
56
48
40
50
34

$3,666,109 15

$3,382,303 74

$3,098,287 65

$276,407
5,534
9,029
51,420

$249,010
5,356
5,975
64,966

$222,252
12,953
4,023
79,639

56
41
49
82

68
52
44
52

96
75
40
73

Net i n c o m e ..........................................................
Profits credited to s h a r e s .................................

$3,323,716 87
3,077,297 44

$3,056,994 58
2,805,337 02

$2,779,417 81
2,559,532 96

B alan ce..................................................................
Of which —
Transferred to guaranty fund
. . . .
Transferred to su rp lu s.........................................

$246,419 43

$251,657 56

$219,884 85

79,296 74
167,122 69

71,777 18
179,880 38

64,052 86
155,831 99


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER.

No. 8.]

V ll

Statistics o f Business.

The following comparative exhibit, covering six years, shows in
a concise form the progress made by the banks during that period: —

Y e a r e n d in g O ctober 31.

1911
Shares.
Number in force Oct. 31
Number borrowed upon
Number
Number
Number
Number

.

withdrawn .
forfeited
retired .
matured

Loans.
Number of real estate loans
Oct. 31 . . .
Average rate of interest,
real estate loans, Oct. 31 .
Number of share loans Oct.
3 1 .................................
Average rate of interest,
share loans, Oct. 31
Membership.
Number withdrawn .
Number of members Oct. 31
Average number of shares
held by each member
Oct. 31 . . .
Average profits to credit of
each member Oct. 31
Borrowers.
Number of borrowers Oct.
3 1 .................................
Number of non-borrowers
Oct. 31 . . .

1,315,452
397,357
373,284
204,063
2,500
7,743
17,156

37,066
5.45
11,661

1910

1,173,630
365,220
323,115
183,498
2,961
6,964
14,641

33,962
5.44
10,907

1909

1,058,533
332,245
274,028
168,637
2,777
6,019
14,766

31,067
5.42
10,122

1908

1907

1906

976,695
303,982
243,383
179,556
1,904
3,466
11,346

929,584
281,076
258,529
144,697
2,280
7,150
8,552

833,725
246,693
224,443
122,780
2,311
10,512
7,916

28,526
5.41
9,725

8,825

25,891
5.36
8,403

5.57

5.55

5.52

5.50

5.35

5.31

39,222
23,212
158,365

33,731
20,975
142,355

28,782
19,745
129,619

25,379
19,529
120,575

26,531
16,308
114,705

23,623
14,427
104,482

8.31

8.24

8.17

8.10

8.10

7.98

$57 34

$56 44

34,494

31,938

29,191

86,081

82,653

75,291

$62 18

$61 55

$60 34

42,886

39,785

36,958

115,479

102,570

92,661

$61 21

Miscellaneous.
5.07
5.09
5.08
5.17
Average rate of dividend .
$282,885 01 $255,423 11 $235,546 14 $220,271 06
Total expenses during year
Percentage of total expenses
.42
.43
.42
.42
to total assets .
Profits credited to shares
$3,077,297 44 $2,805,337 02 $2,559,532 96 $2,335,525
during year
Percentage of surplus and
guaranty fund to dues
2.22
2.35
2.48
2.63
and profits capital Oct. 31
Percentage of increase in
8.72
9.93
8.97
9.88
assets
. . . .


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Federal Reserve Bank of St. Louis

26,580
5.37

5.02
5.01
$202,552 05 $184,706 11
.43

.43

$2,080,632 $1,874,179
2.04

1.98

10.96

9.90

[Pub. Doc,

REPO RT OF THE

V ili

Rates of Interest on Real Estate and Share Loans, Oct. 31, 1911.
R ate P e e C e n t .

5.00
5.10
5.125
5.20
5.25
5.30
5.375
5.40
5.50
5.60
5.625
5.70
5.75
5.875
6.00
6.12
6.125
6.25
6.30
6.33
6.375
6.40
6.48
6.50
6.60
6.625
6.75
6.80

Real Estate
Loans.
$26,693,893
1,450
147,375
7,925
2,742,665
2,367,051
73,975
3,300
11,099,563
650
72,000
21,200
669,015
27,750
12,392,535
741,810
51,975
230,225
4,742,242
600
18,800

93
00
00
00
61
58
00
00
14
00
00
00
00
00
46
00
00
00
75
00
00

-

397,885
80,025
8,200
32,200

00
00
00
00

Share Loans.

$743,096 00
-

10,845 00
-

116,711 00
62,352 00
7,730 00
-

524,770 00
-

3,450 00
-

48,678
3,850
699,867
9,125
2,905
20,300
150,520

00
00
00
00
00
00
00

-

1,335
1,600
26,535
9,792
6,290
2,385
5,030
225

00
00
00
00
00
00
00
00

Real Estate
Loans.

R ate P er C e n t .

6.875
6.90
7.00
7.125
7.20
7.25
7.375
7.50
7.625
7.75
7.80
7.875
8.00
8.10
8.25
8.40
8.50
8.60
8.75
9.00
9.25
9.75
14.00

$1,200
5,150
32,434
3,000
5,050
36,400
1,600
22,900
3,200
10,100
150
2,500
13,487
450
5,950
400
1,050

.
.
.
.
.

Share Loans.

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

$4,050 00
8,367 00
-

2,400 00
600 00
-

1,560
550
350
35
50
602
-

75
75
100
400

-

4,450
400
4,000
1,000

00
00
00
00

$62,777,184 47

00
00
00
00

-

50 00

-

Average rate .

00
00
00
00
00
00

$2,476,655 00
5.57

5.45

Comparative Exhibit of Interest Rates from 1901 to 1911 on Outstanding
Loans on October 31 of Each Year.

1901

1902

1903

1904

1905

1907

1908

1909

1910

90SÏ

1911

P ercentage op T otal L o ans .

Amount of
Loans
Oct 31, 1911.

$27,436,989 93 42.05 45.15 48.04 49.47 55.10 56.67 55.33 52.98^50.49 46.91 40.81
At 5 per cent.
Between 5 and 6 per cent. . 18,012,306 33 27.60 25.20 23.56 21.70 20.21 19.32 18.99 19.00 18.29 16.84 15.20
13,092,402 46 20.06 19.12 17.93 17.92 13.93 12.43 12.96 13.34 13.99 15 62 18.77
At 6 per cent.
1,056,340 00 1.62 1.58 1.53 1.48 1.35 1.27 1.31 1.43 1.66 2.10 2.63
Between 6 and 6%o per cent.
At 6%o per cent. (5 cents
premium),
4,892,762 75 7.50 7.51 7.58 7.85 7.98 8.92 9.88 10.72 12.09 13.97 16.85
599,302 00
.92 1.17 1.13 1.31 1.27 1.28 1.40 2.34 3.18 4.17 5.24
Between 6%o and 7 per cent.
40,801 50
.06 .07 .07 .07 .04 .03 .04 .05 .05 .04 .04
At 7 per cent.
90,445 00
.14 .15 .11 .15 .09 .07 .07 .11 .18 .28 .41
Between 7 and 8 per cent. .
14,089 50
.02 .03 .03 .02 .01 At 8 per cent.
At more than 8 per cent.
18,400 00
.03 .02 .02 .03 .02 .01 .02 .03 .06 .05 .04


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Federal Reserve Bank of St. Louis

$65,253,839 47

BANK COMMISSIONER.

No. 8.]

Comparative Exhibit of Dividend Rates from 1900 to 1911.


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Federal Reserve Bank of St. Louis

IX

X

REPO RT OF THE

[Pub. Doc.

Real Estate by Foreclosure.
Principal.
Balance as shown in statement of Oct. 31, 1910, 112 estates .
. $215,309 70
Acquired during the year ending Oct. 31, 1911, 92 estates
.
.
172,745 51
Excess of proceeds over book values of estates sold during year .
3,854 79
$391,910 00
Received for 118 estates sold during year .
.
. $227,301 88
Losses on estates sold during year
.
. • . .
6,574 58
Amounts charged off to cover depreciation or pro­
spective lo ss.................................................................
2,907 64
------------------

236,784 10
$155,125 90

Income.
Rents, etc., received during year .
Expenses and taxes on estates paid during year

$4,846 59
10,972 86

Net deficit for the y e a r .........................................$6,126 27
This net deficit was disposed of as follows: —
. $406 82
Income credited to profit and loss
. 384 28
Deficit charged to profit and loss
------------$22 54
$1,617 73
Income applied to reducing book value
Deficit applied to increasing book value
7,766 54
------------6,148 81

6,148 81

Net d e f i c i t .........................................................$6,126 27
Balance as shown in statement of Oct. 31,1911 (86 estates, assessed
at $162,762) ..........................................................................................$161,274 71

The following statement shows the amount of foreclosed real estate
and common form mortgages held by the banks each year since
1890: —


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

BANK COMMISSIONER.

No. 8.]

R eal E state b y
F oreclosure .

YEAR ENDING
OCTOBER 31.

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911

XI

C ommon - form M ort ­
gages .

Number
of
Banks.

Amount.

Number
of
Banks.

14
16
18
28
33
41
46
58
72
83
84
89
85
86
90
82
78
88
64
57
52
35

$49,833 19
67,556 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
334,862 85
244,553 82
215,309 70
161,274 71

3
5
3
4
6
9
10
19
20
23
30
31
32
41
41
45
49
52
52
51
45
47

Amount.

$7,800 00
10,147 88
9,960 00
22,990 00
43,649 59
31,724 55
25,827 78
77,750 36
106,972 99
124,970 27
181,383 54
313,125 26
324,392 66
367,239 15
398,298 50
407,569 18
383,335 61
370,950 40
330,958 07
305,997 23
274,015 26
245,284 21

T otal .

Amount.

$57,633 19
77,704 74
108,440 99
128,187 75
182,786 51
216,274 83
308,437 39
608,791 61
889,343 41
1,015,574 84
1,174,533 60
1,354,833 55
1,270,540 56
1,206,462 29
1,128,784 62
987,995 92
913,036 87
736,001 78
665,820 92
550,551 05
489,324 96
406,558 92

Matured Shares.

The yearly transactions in matured shares from 1898 to 1911 are
summarized as follows: —

Y ear.

1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911

Number
of
Banks.
38
49
64
73
86
87
94
95
98
95
110

114
115
112

Number
of
Series.
62
86
104
128
135
149
167
178
180
170
204 '
220
218
228


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

Total
Value of
Shares
matured.
$602,349 12
923,071 12
1,022,403 58
1,153,123 44
1,197,405 10
1,353,951 34
1,586,587 40
1,556,979 47
1,594,008 36
1,716,425 03
2,284,508 06
2,970,928 80
2,564,155 15
3,458,541 43

N umber Number Number
of
of
of
Shares. Holders. Borrow­
ers.
2,979
4,569
5,079
5,730
5,938
6,708
7,873
7,737
7,916
8,554
11,346
14,766
14,641
17,156

701
1,135
1,252
1,483
1,389
1,615
1,785
1,683
1,802
1,980
2,465
3,103
3,122
3,488

198
309
322
377
375
430
489
456
489
525
595
773
741
804

Amount
of Loans
can­
celled.

Average
Duration of
Series.

$164,620 00
275,285 00
300,738 00
331,078 00
362,655 00
395,509 00
465,901 00
478,484 00
450,350 00
477,953 00
542,556 00
726,757 00
716,692 15
776,991 90

139%o months.
1398/10
“
140«/io
141%
142ÿ3
143%
1439/10
“
144«/io
“
1451/10
“
I451/10
“
1461/is
1461/iq
“
146%
146%o

“

“

Adams
..

19

Nov. 1898

-

-

24

24

7

-

20

May 1899 June 1911

145

200 47

7

-

29

36

11

1

Nov. 1898

Nov. 1910

144

200 13

-

26

5

31

4

3

7 May 1899 June 1910

6

Dec. 1910 $145 $200 13

$1.400 00
-

-

-

-

-

Total Value of
Shares matured.

Amount.

Sh a k e L oans
CANCELLED
b y M atu rity
of S h a r e s .

Number.

Amount o f R e a l
Estate Loans can­
celled by Maturity
of Shares.

Number of Borrow­
ers.

Number of Holders.

Total.

Unpledged.

Pledged for
Share Loans.

Pledged for
R. E. Loans.

Maturing Value per
Share.

Date
of
Maturity.

N um ber of Sh ares
MATURED.

$4,803 12
7,216 92

3

$4,349 00

6,204 03

145

200 69

-

20

3

23

5

3

3

450 00

4,615 87

Amesbury

26

Nov. 1898

Dec. 1910

146

200 59

16

-

5

21

4

3

3,200 00

-

-

4,212 39

“

27

May 1899 June 1911

145

200 46

6

-

3

9

2

1

1,200 00

-

-

1,804 14

Arlington

19

Nov. 1898

Mar. 1911

148

200 14

6

-

26

32

5

1

1,200 00

-

-

6,404 48

20 May 1899

18,022 50

“
Athol
“

“

Sept. 1911

148

200 25

19

-

71

90

10

3

3,600 00

-

-

20

Nov. 1898 Apr. 1911

149

200 44

4

7

-

11

3

3

800 00

3

800 00

2,204 84

21

May 1899

149

200 47

-

6

5

11

3

2

-

3

581 00

2,205 17

Oct. 1911

32 Jan. 1899 Jan. 1911

144

200 90

6

-

-

6

1

1

“

33 Apr. 1899

Apr. 1911

144

200 61

-

5

25

30

5

1

“

34 July 1899

“

35

“

Attleborough
“

“
“

Berkshire County “


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

July 1911

144

200 37

-

-

15

15

2

-

Oct. 1899

Oct. 1911

144

200 15

8

-

-

8

1

1

14 Feb. 1899

Jan. 1911

143

201 13

-

7

12

19

5

2

1,200 00
-

-

-

1,205 40

1

450 00

6,018 30
3,005 55

-

-

-

-

1,601 20

-

2

390 00

3,821 47

1,600 00

15 Aug. 1899 July 1911

143

201 66

-

15

10

25

3

2

-

2

700 00

5,041 50

16 May 1898

150

202 81

-

13

45

58

4

1

-

1

325 00

11,762 98

Nov. 1910

[Pub. Doc.

“

Atlantic

-

REPO RT OF TH E

Acushnet Co-operative Bank

Date
of
Issue.

Amount paid in per
Share.

NAME OF BANK.

Number of Series.

Statement of Shares matured since Last Report.

-

“

“

“
-

Braintree

“

“

“

22 Mar. 1899

Sept. 1911

150

204 47

-

1

21

Feb. 1911

141

200 98

11

22

21

22
8

Brookline

“

“

9

Sept. 1898 Mar. 1911

June 1899

150

204 41

-

47

47

16

1

-

9,607 27

200 00

10,223 50

2,200 00

3

4,100 00

7,034 30

7

5,250 00

2

1,600 00

8,039 20

-

49

50

12

1

2

35

6

5

8

-

Aug. 1911

141

200 98

27

8

5

40

Nov. 1898 Jan. 1911

147

200 43

47

-

-

47

3

3

9,300 00

-

-

19

33

11

4

400 00

1

990 00

6,608 58

7

5,850 00

-

-

6,203 72

5,800 00

-

Dec. 1899

May 1899

July 1911

147

200 26

2

12

••

36 Apr. 1899 Mar. 1911

143

200 12

31

-

-

31

“

“

37

Sept. 1911

143

200 63

30

-

-

30

5

5

Canton

“

■■

18 Aug. 1899 Jan. 1911

138

200 14

-

9

67

76

14

4

-

“

“

“

19

July 1911

138

200 20

-

5

44

49

13

1

-

Citizens

“

20

93

129

16

5

“

“

“

City

“

“

21 Jan. 1899

“

“

“

Oct. 1898

24 Apr. 1899

Campello

“

Clinton
“

Danvers

“
Dean

“
Dedham

1

300 00

9,809 80

1,950 00

26,505 63

150

205 47

16

150

205 97

-

-

30

30

3

-

-

-

-

6,179 10

Mar. 1911

147

200 54

1

10

46

57

15

3

200 00

2

325 00

11,430 78

22 July 1899 Oct. 1911

147

200 20

-

25

27

52

8

1

-

1

300 00

10,410 40

Mar. 1911

150

204 33

5

4

16

25

6

2

900 00

1

250 00

5,108 25

Sept. 1911

150

204 19

7

-

40

47

16

1

1,400 00

-

-

9,596 93

3

11

49

8

3

6,200 00

2

550 00

9,813 72

70

80

-

1

2,000 00

-

-

16,100 00

14

Nov. 1898 Mar. 1911

148

200 28

35

“

“

15 May 1899 Oct. 1911

149

201 25

10

-

“

“

13 Aug. 1898

Feb. 1911

150

200 76

-

-

4

4

2

-

-

-

-

14 Feb. 1899 Aug. 1911

150

201 16

-

2

12

14

3

1

-

1

400 00

“

6,018 90
15,210 64

3

“

Columbian
«

3,200 00

1,600 00

Oct. 1911

24 Apr. 1899

23

“

Feb. 1900

4

Oct. 1898 Apr. 1911

23

“

Oct. 1899

9,420 21

803 04
2,816 24

Jan. 1899 Jan. 1911

144

200 99

-

5

55

60

5

1

-

1

700 00

12,059 40

“

“

22 July 1899 July 1911

144

200 80

-

7

52

59

6

2

-

2

600 00

11,847 20

“

“

28 May 1899 Jan. 1911

141

200 93

-

-

63

63

11

-

-

-

-

12,658 59

“

29

Nov. 1899 July 1911

141

200 93

1

-

32

33

9

1

800 00

“

“


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

21

BAN K COMMISSIONER.

“

7

No. 8.]

Beverly

6,630 69
X

<

Statement of Shares matured since Last Report — Continued.

Dorchester Co-operative Bank
“

“

.

'o

o

w
<+H
o
F
h
©
xi
B
3

PQ
o
r©
-i
Xi
ag
3 o

&

Çà CO+3
: n .

Sh a r e L oans
CANCELLED
b y M atu rity
of S h ar e s .

^6
©

o d

d to
3B
> S
1,xt
C3CQ
O
EH

Amount.

o£

Number.

O
Q
©
rd

Amount o
Estate Lc
celled by
of Shares

Total.

a

a

. 3

Unpledged

Date
of
Maturity.

m
. a

Pledged foi
Share Loa

Date
of
Issue.

N um ber of Shares
MATURED.

Pledged foi
R. E. Loa

m
o
u
©
rO

NAME OF BANK.

M
©
ft
Maturing Valu
Share.

©

Amount paid i:
Share.

0
ft
a

m

17

Sept. 1897 Jan. 1911 $149 $200 88

-

-

54

54

9

-

-

-

-

$10,847 52

18

Mar. 1898 July 1911

200 73

-

-

101

101

19

-

-

-

-

20,273 73

149

Enterprise

22

Oct. 1898

Dec. 1910

147

200 18

23

“

23

Apr. 1899

June 1911

147

200 03

11

.

-

23

4

4

$4,600 00

-

51

97

29

5

2,200 00

2

$3,250 00

-

35

-

id

4,604 14

►-d
O

19,402 91

H

id

Equitable

42

Oct. 1898 Jan. 1911

148

200 69

15

30

151

196

47

9

3,000 00

6

2,825 00

39,335 24

“

43

Apr. 1899

148

200 69

23

43

113

179

40

13

2,800 00

10

2,415 00

35,923 51

►d

9,840 18

H
W
M

July 1911

Fall River

21

Sept. 1898

Dec. 1910

148

200 82

-

-

49

49

9

-

-

-

“

22

Mar. 1899

June 1911

148

200 73

4

7

29

40

6

2

800 00

1

18

May 1898

Oct. 1910

150

201 48

5

-

5

10

2

1

1,000 00

-

-

19

Nov. 1898

Apr. 1911

150

201 91

6

-

20

26

3

1

1,200 00

-

-

5,249 66

22

Sept. 1898

Dec. 1910

148

200 72

-

18

147

165

33

4

4

725 00

33,118 80

“

23

Mar. 1899

June 1911

148

200 67

3

62

365

430

72

9

600 00

8

1,920 00

86,288 10

Fitchburg

43

Nov. 1898

Feb. 1911

148

200 72

19

32

343

394

79

9

3,800 00

6

4,780 00

79,083 68
41,753 92

Federal
“
Fidelity

-

1,400 00

8,029 20
2,014 80

“

44

May 1899

Aug. 1911

148

200 74

19

32

157

208

36

9

3,700 00

6

4,160 00

Foxborough

22

Sept. 1899 Mar. 1911

139

199 83*

13

17

40

70

18

7

2,400 00

4

625 00

13,988 10

23

Mar. 1900

Sept. 1911

139

199 60*

8

7

75

90

20

5

1,400 00

3

825 00

17,969 40

21

Mar. 1899 Jan. 1911

143

200 57

9

35

10

54 1

12

5

700 00

4

4,800 00

10,830 78

Gardner


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

“

o

cr
Ö
o
o

**

“

22

Sept. 1899 July 1911

143

200 83

15

2

31

48

8

3

3,000 00

1

400 00

9,639 84

**

“

25

Apr. 1899

141

200 87

29

19

76

124

34

13

5,650 00

8

1,500 00

24,907 88

26

Oct. 1899

June 1911

141

200 86

44

34

88

166

38

22

8,250 00

12

3,650 00

33,342 76

24 May 1899

Jan. 1911

141

200 74

-

1

35

36

9

1

-

1

5 00

7,226 64

25

Nov. 1899 July 1911

141

200 76

-

9

54

63

10

1

-

1

1,500 00

12,647 88

7

“
Grafton
“

Dec. 1910

149

200 93

-

8

2

-

-

-

-

Oct. 1911

149

200 81

-

1

8

8 May 1899

1

2

2

1

-

1

200 00

Guardian

25 June 1898

Nov. 1910

150

203 66

51

-

11

62

9

4

10,200 00

-

-

«

“

“

..

26

Dec. 1898

May 1911

150

203 93

12

-

8

20

9

2

1,600 00

-

Haverhill

39

May 1898

Dec. 1910

152

200 71

36

24

161

221

61

12

7,200 00

7

2,950 00

“

40

Nov. 1898 May 1911

151

200 48

12

8

68

88

23

6

2,400 00

“

41

May 1899

Oct. 1911

150

200 76

-

6

101

107

32

3

24

May 1898

Nov. 1910

156

205 11

7

5

5

17

4

3

25

Nov. 1898 Apr. 1911

155

200 00

35

10

41

86

18

7

Henry Wilson

“

“

“
Highland
Hingham

“

“

“
Holbrook
“
Holyoke
“

“

Home
..
Homestead

“


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

“

-

1,607 44
401 62
12,626 92
12,235 80
44,356 91

3

1,150 00

17,642 24

3

750 00

21,481 32

1,400 00

1

400 00

3,486 87

6,900 00

3

950 00

17,200 00

-

1 Feb. 1899

May 1911

148

200 25

-

-

60

60

13

-

20

Nov. 1898

Dec. 1910

146

200 70

17

26

95

138

37

8

3,400 00

4

21

-

45

59

10

3

2,800 00

-

-

1

1

900 00

-

-

1,003 60

13

1

1,000 00

-

-

7,028 70

May 1899 June 1911

146

200 42

14

23 June 1899

Feb. 1911

141

200 72

5

-

-

5

24

Dec. 1899

Aug. 1911

141

200 82

5

-

30

35

37

-

-

3,000 00

12,015 00
27,696 60
11,824 78

Nov. 1898

Mar. 1911

149

200 48

17

26

62

105

25

8

3,400 00

4

2,550 00

21,050 40

38 May 1899

Sept. 1911

149

200 14

41

3

56

100

24

8

7,350 00

1

100 00

20,014 00

35 June 1899

Feb. 1911

141

200 44

8

-

-

8

1

1

1,600 00

-

-

1,603 52

36

Dec. 1899

Sept. 1911

142

200 90

5

-

-

5

1

1

1,000 00

-

-

1,004 50

43

Sept. 1898

Nov. 1910

147

200 16

40

3

22

65

19

5

7,800 00

1

300 00

13,010 40

* Maturity value reached by addition of interest.

BANK COMMISSIONER.

Nov. 1898 Mar. 1911

“

Groveland

No. 8.]

“
Gloucester

%

TAX
Homestead Co-operative Bank

.

44

Mar. 1899 May 1911 $147 $200 05

19

Nov. 1898

Nov. 1910

145

200 69

20 May 1899

May 1911

145

200 41

76

1

32

108

18

6

9

10

3

1

4

4

8

2
6

1
1

19

3

Hudson

27

Nov. 1898

Feb. 1911

148

200 76

“

28

May 1899

Aug. 1911

148

200 69

-

25

Sept. 1898

Dec. 1910

148

200 13

62

57

31

150

21

13

26

Mar.# 1899 June 1911

148

200 12

19

4

35

58

22

6

10

Nov. 1898

Feb. 1911

148

200 91

20

2

May 1899 Aug. 1911

148

200 83

-

20

11

-

30

30

4

-

Housatonic

“

“

“

Hyde Park

“
Lafayette

“

“

“
Lawrence

“

“

»

2

49

51

5

84

89

$15,100 00

-

1
1
1

-

Total Value of
Shares matured.

Amount.

Sh a r e L oans
CANCELLED
b y M a tu rit y
of Sh a r e s .

Number.

Amount o f R e a l
Estate Loans can­
celled by Maturity
of Shares.

Number of Borrow­
ers.

'3
o
H

Number of Holders.

Unpledged.

Pledged for
Share Loans.

Date
of
Maturity.

N um ber of Sh ares
MATURED.

Pledged for
R. E. Loans.

Date
of
Issue.

Maturing Value per
Share.

NAME OF BANK.

Amount paid in per j
Share.

Number of Series.

Statement o f Shares matured since Last R eport- - Continued.

$21,605 40

$50 00

2,006 90

^

350 00

1,603 28

O

200 00

10,238 76

|-3

3

650 00

17,861 41

12,100 00

6

6,980 00

30,019 50

Q
^

3,550 00

2

280 00

11,606 96

-

-

4,018 20

-

HH
g

6,024 90

22

Nov. 1898

Feb. 1911

148

200 28

36

17

65

118

20

6

7,000 00

3

1,500 00

23,633 04

23

May 1899

Aug. 1911

148

200 26

29

31

74

134

24

8

5,800 00

5

2,550 00

26,834 84
25,617 92

22

Nov. 1898

Feb. 1911

148

200 14

6

39

83

128

25

9

1,200 00

8

2,490 00

23

May 1899

Aug. 1911

148

200 62

2

4

50

56

15

2

400 00

1

100 00

11,234 72

Lowell
..

27

May 1898

Oct. 1910

150

204 39

17

30

106

153

32

16

4,700 00

8

5,500 00

31,271 67

28

Nov. 1898 Apr. 1911

150

204 44

7

14

71

92

16

4

1,300 00

3

2,600 00

18,808 48

g_,

Lynn

16 May 1899

Aug. 1911

148

200 37

-

-

9

9

5

-

1,803 33

*
Q

Malden

23 May 1898 Nov. 1910

150

203 25

69

9

104

182

39

13

36,991 50

O
O

Leominster

“


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

“

12,750 00

5

1,250 00

^

“

24

Nov. 1898

May 1911

150

202 99

56

19

137

212

33

11

11,150 00

4

1,925 00

32

Nov. 1898

Oct. 1910

144

203 81

24

1

8

33

6

4

4,850 00

1

130 00

6,725 73

33

May 1899

Apr. 1911

144

203 79

24

47

110

181

31

11

4,800 00

13

2,700 00

36,885 99

43,033 88

26

Nov. 1898 Jan. 1911

147

200 02

-

1

21

22

15

1

-

1

200 00

4,400 44

“

27

May 1899

July 1911

147

200 00

-

2

48

50

12

1

-

1

400 00

10,000 00

17 May 1898

Oct. 1910

150

201 21.

28

-

2

30

8

6

5,250 00

-

-

6,036 30

18

Nov. 1898

Apr. 1911

150

201 16

11

2

26

39

25

5

2,100 00

1

260 00

7,845 24

35

Jan. 1899

Mar. 1911

147

200 35

10

-

38

48"

14

2

1,000 00

-

-

9,616 80

36

July 1899

Sept. 1911

147

200 14

-

3

107

110

50

1

26

Nov. 1898

Nov. 1910

145

200 88

31

30

165

226

34

6

6,200 00
5,000 00

Marlborough
“
Mechanics
“
Medford
«

“ -

27

May 1899

May 1911

145

200 60

25

70

114

209

36

10

28

Oct. 1898

Mar. 1911

150

205 55

-

-

5

5

1

-

“

29

Apr. 1899

Sept. 1911, 150

205 69

11

-

8

19

5

2

Merchants

35

Dec. 1898

Feb. 1911

147

200 11

87

61

382

530

112

“

36

June 1899

Aug. 1911

147

200 12

75

14

256

345

89

Merrimack

15

May 1899

Apr. 1911

144

204 82

-

10

5

15

3

2

“

16

Nov. 1899

Oct.

1911

144

205 05

-

-

10

10

2

20

Nov. 1898

Dec. 1910

146

200 07

2

-

34

36

21

May 1899

July 1911

147

200 72

1

-

11

12

Melrose

Middleborough
“

-

1

590 00

22,015 40

4

3,550 00

45,398 88

5

6,100 00

41,925 40

-

-

1,027 75

2,150 00

-

-

3,908 11

17

15,350 00

10

7,800. 00

106,058 30

14

14,890 00

4

650 00

69,041 40

-

2

650 00

3,072 30

-

-

-

-

2,050 50

11

1

400 00

-

-

7,202 52

10

1

200 00

-

-

2,408 64

-

Middlesex

13

Nov. 1898

Mar. 1911

149

200 20

12

-

77

89

8

2

2,300 00

-

»

14

May 1899

Sept. 1911

149

200 19

13

10

38

61

10

4

2,500 00

1

1,150 00

12,211 59

24

Oct. 1898

Mar. 1911

150

200 58

9

1

53

63

19

3

1,800 00

1

165 00

12,636 54

25

Apr. 1899

Sept. 1911

150

200 99

12

-

-

12

3

3

2,400 00

-

-

2,411 88

12

Nov. 1898 Apr. 1911

150

200 15

5

-

18

23

5

1

1,000 00

-

-

4,603 45

Milford
“
Mt. Washington


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

-

17,817 80

BANK COMMISSIONER.

Marblehead

No. 8.]

“
Mansfield

Total Value of
Shares matured.

Amount o f R e a l
Estate Loans can­
celled by Maturity
of Shares.

I Number of Borrow-,

-

25

38

63

7

l

-

1

$3,500 00

Dec. 1910

140

200 00

-

4

12

16

3

1

-

1

250 00

3,200 00

“

16

Nov. 1899

June 1911

140

200 00

-

-

23

23

4

-

-

-

-

4,600 00

O

36

Nov. 1898

Dec. 1910

145

200 13

-

4

57

61

16

1

-

1

800 00

12,207 93

H

“

37

May 1899

Jpne 1911

145

200 47

33

6

47

86

16

5

$6,100 00

2

200 00

17,240 42

“

23

Apr. 1899

Mar. 1911

139

198 98*

15

16

34

65

14

7

3,000 00

3

545 00

12,933 70

24

Oct. 1899

Sept. 1911

139

198 98*

13

-

32

45

9

2

2,600 00

-

20

Nov. 1898

Oct. 1910

144

202 52

16

5

37

58

10

3

3,200 00

1

21

May 1899

Apr. 1911

144

202 40

-

-

63

63

17

3

-

-

5,613 44

2,600 00

-

-

5,000 00

“

“

-

Amount.

Total.

a>

Number.

Oct. 1911 $150 $200 28

May 1899

“
Northampton

Number of Holders.

Pledged for
Share Loans.

May 1899

Date
of
Maturity.

Unpledged.

Pledged for
R. E. Loans.

North Abington

Maturing Value per
Share.

Number of Series.
13
15

New Bedford
“

Sh a r e L oans
CANCELLED
b y M atu rity
of Sh a r e s .

“

Mt.WashingtonCo-opsrative Bank

“

N um ber of S hares
MATURED.

Date
of
Issue.

NAME OF BANK.

Needham

Amount paid in per
Share.

Statement of Shares matured since Last Report — Continued.

-

1,000 00

-

$12,617 64

8,954 10

H

11,746,16

K

North Dighton

10

Apr. 1899

May 1911

146

200 48

-

-

28

28

12

21

Apr. 1899

Nov. 1910

140

200 00

13

-

12

25

9

22

Oct. 1899

May 1911

140

200 0Ó

5

-

8

13

4

1

900 00

-

20

Apr. 1899

Dec. 1910

141

200 98

-

17

73

90

20

1

-

5

2,000 00

18,088 20

2

2

101

103

29

1

-

1

100 00

20,700 94

-

20

22

7

1

400 00

-

-

4,459 40

“
Norwood

“

-

2,600 00

“

21

Oct. 1899

June 1911

141

200 98

Orange

“

21

Jan. 1899

Jan. 1911

144

202 70

“

“

22

July 1899

July 1911

144

203 45

7

3

10

20

5

3

1,300 00

1

200 00

4,069 00

“

22

Dec. 1898

Dec. 1910

144

200 93

3

-

9

12

4

1

600 00

-

-

2,411 16

Peabody


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

W

12,751 20

North Easton

-

O

c
cr
U

o

p

“
“
Pioneer
“
Pittsfield

“

23

June 1899

June 1911

144

200^98

15

-

87

102

19

4

34

May 1898

Nov. 1910

150

207 75

-

-

28

28

8

-

35

Nov. 1898

Apr. 1911

150

202 71

7

-

. 59

66

11

1

1,400 00

36

May 1899

July 1911

147

199 71*

-

-

47

47

9

41

Oct. 1898 Apr. 1911

150

203 01

14

-

8

22

6

2

2,800 00

3,000 00

-

20,499 96

-

-

-

-

5,817 00

-

-

13,378 86

-

-

9,386 37

-

-

4,466 22

Apr. 1899

Oct. 1911

150

203 36

4

7

115

126

27

3

700 00

1

1,000 00

25,623 36

May 1898

Oct. 1910

150

201 82

17

20

125

162

22

5

3,400 00

3

625 00

32,694 84

-

13,102 05

“

21

Nov. 1898

Apr. 1911

150

201 57

16

-

49

65

14

1

3,200 00

-

Plymouth

35

June 1899

Dec. 1910

138

200 07

21

10

22

53

14

7

4,200 00

2

1,300 00

10,603 71

36

Dec. 1899

June 1911

138

200 06

17

10

86

113

37

10

3,400 00

5

1,700 00

22,606 78

Provident

“
Quincy

“
Randolph

Reading
»
Reliance
*«
Roger Conant
..
Roslindale
“

Nov. 1898

Feb. 1911

147

200 17

14

70

236

320

55

10

2,800 00

8

7,750 00

64,054 40

May 1899

Aug. 1911

147

200 09

38

81

180

299

43

12

7,600 00

9

9,500 00

59,826 91

20

Nov. 1898

Oct. 1910

144

200 51

4

18

22

44

15

5

800 00

1

2,100 00

8,822 44

21

May 1899

Apr. 1911

144

200 63

31

5

44

80

18

5

6,000 00

1

1,000 00

16,050 40

21

Feb. 1899

Jan. 1911

144

203 07

9

-

-

9

2

2

1,750 00

-

-

22

Aug. 1899

July 1911

144

203 00

6

-

-

6

1

1

1,100 00

-

-

1,218 00

24

May 1898

Oct.

1910

150

202 38

-

-

44

44

15

-

-

-

-

8,904 72

25

1,827 63

16,673 88

Nov. 1898

Apr. 1911

150

203 34

-

-

82

82

15

-

-

-

20 Jan. 1899

Mar. 1911

147

200 21

-

40

137

177

30

7

-

7

5,500 00

35,437 17

21

July 1899

Sept. 1911

147

200 25

50

10

55

115

18

6

2

800 00

23,028 75

9

Nov. 1898

Dec. 1910

146

200 48

-

-

23

23

6

-

-

-

-

4,611 04

10

May 1899

June 1911

146

200 38

-

-

29

29

7

-

-

-

-

5,811 02

2

Oct. 1898

Apr. 1911

151

200 95

-

25

6

31

4

1

-

1

1,800 00

6,229 45

3 Apr. 1899

Sept. 1911

150

200 65

-

4

18

22

9

1

“

1

500 00

4,414 30

* Maturity value reached by addition of interest.

9,900 00

-

xix


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

27
28

BANK COMMISSIONER.

42
20

No. 8.]

“
People’s

1

73

9

3

$6,644 90

Total Value of
Shares matured.

6

35

Amount.

48

5

S h ar e L oans
CANCELLED
b y M atu rity
of S h a r e s .

Number.

38

33

Amount o f R e a l
Estate Loans can­
celled by Maturity
of Shares.

Number of Borrow­
ers.

Number of Holders.

10

200 47

Total.

-

148

Feb. 1911 8148 $200 54
Aug. 1911

Unpledged.

Nov. 1898

Maturing Value per
Share.

19

20 May 1899

Pledged for
Share Loans.

“

Date
of
Maturity.

N um be r of Sh ares
MATURED.

Pledged for
R. E. Loans.

Roxbury Co-operative Bank

Date
of
Issue.

Amount paid in per
Share.

NAME OF BANK.

Number of Series.

Statement of Shares matured since Last Report — Continued.

1

$650 00

$9,625 92

1

400 00

14,634 31

Salem

22

Oct. 1898

Dec. 1910

147

200 75

53

53

19

-

-

-

-

10,639 75

O

23

Apr. 1899

June 1911

147

200 81

1

-

“

6

36

43

19

2

200 00

3

300 00

8,634 83

%

27

Nov. 1898

Oct.

1910

144

208 06

-

-

33

33

13

-

-

-

-

6,865 98

“

28

May 1899

Apr. 1911

144

208 45

2

-

18

20

6

1

400 00

-

-

4,169 00

•*

29

Nov. 1899

Aug. 1911

142

200 81

3

1

43

47

15

2

500 00

1

200 00

9,438 07

28

Dec. 1898

Dec. 1910

144

203 03

17

-

6

23

7

6

3,200 00

-

-

4,669 69

29

June 1899

June 1911

144

202 97

28

-

-

28

5

5

5,500 00

-

-

5,683 88

Sandwich

Security

“
Somerville

38

Oct. 1898

Feb. 1911

149

200 37

38

32

149

219

31

6

6,950 00

2

850 00

43,881 03

“

39

Apr. 1899

Aug. 1911

149

200 48

18

27

178

223

47

8

3,500 00

5

2,650 00

44,707 04

So. Framingham
“
South Shore
“
So. Weymouth
“


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

20

Nov. 1898

Mar. 1911

148

200 67

13

-

90

103

23

4

2,560 00

-

-

20,669 01

21

May 1899

Sept. 1911

148

200 67

1

-

126

127

16

1

600 00

-

-

25,485 09

18

Nov. 1898

Feb. 1911

148

200 97

14

2

22

38

6

3

2,800 00

1

200 00

7,636 86

19 May 1899

Aug. 1911

148

200 80

10

4

16

30

12

5

2,000 00

2

800 00

6,024 00

21

Nov. 1910

141

200 25

23

-

-

23

6

6

4,450 00

-

22 Sept. 1899 May 1911

141

200 28

11

1

25

37

12

7

2,100 00

1

Mar. 1899

4,605 75
200 00

7,410 36

§
W
W

►d
c
cr

Ö
8

50 May 1898

Oct. 1910

150

204 08

8

-

8

1

1

1,600 00

-

-

1,632 64

“

52

Nov. 1898

Apr. 1911

150

204 07

17

-

17

2

2

3,400 00

-

-

3,469 19

Stoneham

24

May 1898

Nov. 1910

150

201 10

-

23

23

4

-

-

-

-

4,625 30

“

25

Nov. 1898

May 1911

150

200 96

-

30

30

9

-

-

-

-

6,028 80

Stoughton

23

Sept. 1898

Oct. 1910

146

204 34

7

20

27

7

2

-

-

5,517 18

30

50

5

1

-

19

2

2

Springfield

“
Suffolk

24

Mar. 1899

Apr. 1911

146

204 33

-

27

Nov. 1898

May 1911

150

202 38

19

28

May 1899

Oct.

1911

150

200 20

-

10

5

15

3

2

20

May 1899 Aug. 1911

148

200 46

61

13

324

398

69

8

12,150 00
4,000 00

20

34

Oct. 1898

Dec. 1910

147

200 60

20

1

40

61

9

2

••

35

Jan. 1899

Mar. 1911

147

200 65

-

25

74

99

18

3

«

36

Apr. 1899

June 1911

147

200 71

19

15

77

111

13

4

“

37 July 1899

Sept. 1911

147

200 80

42

24

66

9

24

May 1898

Oct. 1910

150

203 19

19

51

70

17

Volunteer

Wakefield

3,700 00
-

1

2,000 00

10,216 50
3,845 22

-

-

4

900 00

3,003 00

3

600 00

79,783 08
12,236 60

1

50 00

3

1,550 00

19,864 35

3,650 00

1

500 00

22,278 81

4

7,850 00

-

-

13,252 80

4

3,300 00

-

-

14,223 30

-

25

Nov. 1898

Apr. 1911

150

202 76

26

26

36

88

20

11

4,850 00

5

3,150 00

17,842 88

53

Apr. 1898

Dec. 1910

153

200 73

6

40

78

124

20

-

1,200 00

3

525 00

24,890 52

“

54

July 1898

Mar. 1911

153

200 56

18

5

62

85

11

-

3,600 00

1

200 00

17,047 60

“

55

Oct. 1898

May 1911

152

200 37

8

10

73

91

17

-

1,600 00

1

400 00

18,236 67

“

56

Jan. 1899

Aug. 1911

152

200 24

24

6

106

136

17

-

4,700 00

1

600 00

27,232 64

Watertown

22

Dec. 1898

Nov. 1910

144

202 06

-

54

54

21

-

-

-

10,911 24

“

23

June 1899

May 1911

144

202 29

51

62

117

15

6

10,100 00

2

350 00

23,667 93

7 Apr. 1899

Mar. 1911

144

203 59

6

66

72

13

1

1,200 00

-

-

14,658 48

-

-

9,155 70

-

-

2,006 90

»
Waltham

Waverley
“
Webster

4

»

“

8

Oct. 1899

Sept. 1911

144

203 46

-

45

45

6

-

“

“

20

Feb. 1899

Feb. 1911

144

200 69

10

-

10

1

1


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

-

2,000 00

BANK COMMISSIONER.

Taunton

1,400 00

xxii

“
West Newton

“

“

“
“

“

West Roxbury
West Somerville

“

“

“
West Springfield

“

..
Whitman

“
Winchester

“

Woburn

“
Wollaston

..


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

“

Aug. 1911 $144 $201 38
Mar. 1911

147

200 87

14

-

-

14

2

2

-

-

87

87

25

-

31

July 1899

Sept. 1911

147

200 63

5

5

148

158

33

2

14

Dec. 1898

Feb. 1911

147

200 54

-

3

3

1

“

$2,800 00

1,000 00

-

15 June 1899

Aug. 1911

147

200 41

-

10

41

51

-

1

36

Nov. 1898

Apr. 1911

150

204 31

44

92

124

260

45

20

8,800 00

17

Oct. 1898

Mar. 1911

150

204 71

5

16

56

77

19

4

18 Apr. 1899

July 1911

148

200 43

9

10

76

95

12

4

1,100 00

11,800 00

46

59

12

3

33

33

6

-

21

Mar. 1899

Nov. 1910

141

200 85

22

3

40

65

17

6

4,300 00

22

Sept. 1899

Apr. 1911

140

3,050 00

96

23

8

601 62

15,762 67

7

55

31,699 54

19,040 85

-

1

“

1,537 00

6

7

$100 00

2,190 00

-

6

“

3

200 00

14

^

2

200 78

17

pj

17,475 69

1,800 00

147

65

$2,819 32

-

1,000 00

148

17

-

10,220 91

Aug. 1911

21

i

53,120 60

Jan. 1911

28

£

d
2
O
a
<

2,000 00

Nov. 1898

-

a

12,050 00

May 1899

16

<s
-Ü

2

4

200 06

CANCELLED

10

-

5

11 Nov. 1898 Feb. 1911 148 200 64

Sh ar e L oans
b y M atu rity
of S h a r e s .

Total Value of
Shares matured.

Amount o f R e a l
Estate Loans can­
celled by Maturity
of Shares.

...

Number of Borrow­
ers.

O
E
h

Number of Holders.

Unpledged.

Aug. 1899

30 Jan. 1899

M ATURED.

Pledged for
Share Loans.

21

Weir

N um ber of S hares

Pledged for
R. E. Loans.

Webster Co-operative Bank

Date
of
Maturity.

Maturing Value per
Share.

Date
of
Issue.

NAME OF BANK.

Amount paid in per
Share.

Number of Series.

Statement of Shares matured since Last Report — Concluded.

-

2

475 00

1

-

6,625 74

560 00

13,055 25

4

3,130 00

13,003 90

-

3,410 88

6,450 00

1

200 00

19,632 00

6

7,200 00

-

-

17,009 19

-

O
1-3

0
^
H
►jj

25

Apr. 1899

Mar. 1911

144

204 50

40

1

26

Oct. 1899

Sept. 1911

144

204 93

38

-

45

83

18

21

Apr. 1899

Mar. 1911

144

201 93

15

13

70

98

23

3

2,150 00

2

1,050 00

19,789 14

y

22 Oct. 1899 Sept. 1911

144

201 94

10

2

63

75

15

3

1,900 00

1

250 00

15,145 50

O
O

Til

“

“

Workingmen’s

“

“

“

“

■:

38 Apr. 1899

Dec. 1910

141

200 40

48

-

-

48

5

5

9,550 00

-

-

39

Oct. 1899

July 1911

142

200 88

13

-

-

13

2

2

2,550 00

-

-

49

Sept. 1898

Oct. 1910

149

200 56

47

30

84

161

20

6

9,350 00

2

3,500 00

9,619 20
2,611 44
32,290 16

Dec. 1898

Jan.

1911

149

200 53

34

11

140

185

36

5

6,800 00

2

250 00

37,098 05

51

Mar. 1899

Apr. 1911

149

200 53

10

15

183

208

31

3

2,000 00

1

100 00

41,710 24

..

52 June 1899

July 1911

149

200 55

3

155

184

37

5

5,050 00

1

250 00

36,901 20

2,106 12,100 17,156

3,488

804

8570,294 90

379

$206,697 00

$3,458,541 43
22,765,373 56

26
2,950

Previously reported

24,076 14,766 76,047 114,889 26,251 6,878 4,686,946 92

3,647 1,618,724 00

Totals from date of first maturity

27,026 16,872 88,147 132,045 29,739 7,682 $5,257,241 82

4,026 $1,825,421 00 $26,223,914 99


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

BAN K COMMISSIONER.

50

“

Totals for year ending Oct. 31, 1911

No. 8.]

Worcester
..

REPO RT OF THE

XXIV

[Pub. Doc,

Principal Assets and Liabilities of Co-operative

Year.

Loans on
No.
Bonds
Real Es­
of
tate.
Banks. and Notes.

Real
Cash on
Loans on Common
Estate by Arrearages. Expense Hand
Form
and Other
Shares. Mortgages.
Fore­
Account. in Banks.
Assets.
closure.

1879

10

-

$176,305

$7,623

-

-

$4,954

$2,559

$13,279

$515

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
4,699

1883

25

-

1,308,479

63,872

-

-

21,773

6,099

66,340

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

1886

40

-

2,887,369

151,944

-

8,997

38,829

9,286

128,842

3,805

1887

51

-

3,797,628

195,406

-

4,929

51,640

11,538

145,331

5,477
13.456

1888

66

-

4,884,665

241,316

-

16,297

66,880

14,072

268,426

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
15,378

1893

116

84,254

15,577,718

815,771

22,990

105,198

87,214

25,562

351,837

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
14,140

1896

122

157,884

20,777,353

989,834

25,828

282,610

149,267

25,265

484,511

1897

123

125,365

21,835,114

962,510

77,750

531,041

150,893

24,982

872,216

17,972

1898

124

82,927

22,825,741

1,009,018

106,973

782,370

163,172

23,837

771,407

27,909

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
21,955

1903

130

237,754

28,940,169

1,547,442

367,239

839,223

149,970

32,510

783,477

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

39,840

1907

135

294,890

43,072,942

2,128,793

370,950

365,051

156,582

32,800

753,702

44,365

1908

137

203,450

46,989,242

2,258,420

330,958

334,863

197,190

35,217

967,631

22,931

1909

140

111,879

51,543,428

2,238,821

305,997

244,554

188,780

36,820

1,257,809

17,546

1910

147

149,849

56,896,951

2,401,321

274,015

215,310

171,072

40,405

1,330,282

19,633

1911

160

122,789

62,777,184

2,476,655

245,284

161,275

167,335

48,495

1,558,529

15,834


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

BANK COMMISSIONER,

No. 8.]

XXV

Banks from, 1879 to 1911 inclusive.
Total As­
sets and
Liabilities.

Dues
Capital.

Profits
Capital.

Un­
Forfeited Retired Matured Other
Guaranty Surplus. divided
Share
Share
Share
Liabili­ Year.
Fund.
Earnings. Account. Account. Account.
ties.

$205,235

$193,519

-

-

$690

$4,296

$147

-

-

$6,583

372,462

355,088

-

-

4,060

2,871

159

-

-

10,284

1880

653,143

633,264

-

-

2,782

2,999

175

-

-

13,923

1881

1879

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

4,211,949

4,127,679

-

7,825

24,017

21,761

998

1,092

-

28,577

1887

5,505,112

5,374,777

-

11,906

33,225

30,074

2,815

-

$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

11,874,530

10,216,145

1,414,690

39,195

41,314

125,538

7,559

-

-

30,089

1891

14,620,276

12,512,367

1,814,094

54,105

61,974

137,995

7,255

680

16,427

15,379

1892

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

51,339,904

42,576,682

7,275,908

436,369

672,963

279,099

15,876

371

62,244

20,392

1908

4,674

96,057

35,059

1909
1910
1911

55,945,634

46,220,344

7,977,730

61,498,838

50,695,747

8,851,254

67,573,381

55,589,298

9,693,365


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

499,048

777,028

309,986

25,708

331,802

22,986

1,606

90,425

30,098

j 644,989 1,072,142 365,285

29,462

371

163,582

14,886

567,984

906,936

REPORT OF THE

XXVI

[Pub. Doc.

C eedit U n io n s .

A determined effort has been made to bring before the public the
advantages of establishing credit unions in those communities which
might be directly benefited thereby. The fundamental principles of
credit unions are : —
1. Only honest and industrious persons are admitted to membership.
2. Loans may be made to members only.
3. A borrower may offer either property or the endorsement of one or more
members as security for his loan.
4. No loan shall be made unless the credit committee approves the object
for which the money is to be used.
5. The use of the money for any other purpose renders the borrower liable
to expulsion from membership.
6. At all meetings a member has only one vote, irrespective of the number
of shares he or she owns.

In bringing this matter before the public, the department has had
the co-operation of Mr. Alphonse Desjardins of Levis, P. Q., who is
the founder of the people’s banks in Canada. He spent some time
during the past summer in Massachusetts, and through his efforts a
number of credit unions were established. The Boston Chamber of
Commerce became interested in the matter also, and appointed a com­
mittee for the purpose of aiding in the establishment of these institu­
tions for the benefit of the wage earners.
There have been 22 charters granted. Of this number, 17 credit
unions have commenced business; these have a membership of 1,623.
These institutions should be of benefit when their usefulness has become
more generally known.
The following is a list of credit unions which have commenced busi­
ness since the date of the last annual report.

Location.

N ame.

Began
Business.

American Express Employees Credit Union

B o s t o n .................................

Sept.

Industrial Credit U n i o n ..........................................

B o s t o n .................................

Dec.

7, 1910

Italian Workingmen’s Credit Union

B o s t o n .................................

July

8, 1911

B o s t o n .................................

Dec.

23, 1910

.

.

.

.

Italo-American Credit U n i o n .................................


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

16, 1911

BAN K COMMISSIONER.

No. 8.]

X X V ll

Began
Business.

N ame.

Location.

La Caisse Populaire de Notre Dame des Canadiens
Credit Union.
Lynn United Hebrew Credit Union . . . .

L y n n .................................

Oct.

6, 1910

Notre Dame de Lourdes Credit Union

L o w e l l .................................

Sept.

19, 1911

Worcester

.

.

.

.

Aug.

21, 1911

Notre Dame du Perpétuel Secours Credit Union

H olyoke.................................

Sept.

8, 1911

Peabody Hebrew Mutual Loan Asso. Credit Union

Peabody

July

31, 1911

Progressive Workmen’s Credit Union .

12, 1911

.

.

.

.

M a ld e n ..................................

Sept.

Quincy Credit U n i o n ..................................................

Q u in c y .................................

Mar.

10, 1911

Salem Investment & Credit Union

S a l e m .................................

Aug.

27, 1911

Sept.

5, 1911

.

.

.

.

.

.

.

St. Anne Credit U n ion ..................................................

New Bedford .

St. Jean Baptiste Parish Credit Union

L y n n .................................

Oct.

7, 1910

Wright & Potter Credit U n i o n .................................

B o s t o n .................................

Dec.

5, 1910

Worcester Credit U n i o n .........................................

Worcester

July

5, 1911

.

.

.

.

.

.

.

The following credit unions have been chartered but had not com­
menced business Oct. 31, 1911: —
Began
Business.

Location.

N ame.

Immaculate Conception Credit Union

Fitchburg

International Credit U n io n ..........................................

Boston

Nov.

II, 1911

Jan.

6,

.

Jeanne d’Arc Credit U n io n .........................................

Lowell

Shepard Norwell Company Employees’ Credit Union

Boston

St. Joseph Credit U n i o n ..........................................

Fitchburg

.

1912

Aggregate Statement of Condition, October 31, 1911, 17 Credit Unions.
Assets.

Loans .
.
.
.
.
.
Expense account
. . . .
Cash .
.
.
.
.
.
.
S u n d r i e s ..........................................


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

Liabilities.

$19,035
1,041
6,895
10

53
45
27
86

$26,983 11

Shares..................................................
Deposits
.
.
.
.
.
.
Guarantee fund .
.
.
.
.
Earnings
.
.
.
.
.
.
Entrance f e e s .................................
Fines .
.
.
.
.
.
.
Sundries
.
.
.
.
.
.

$19,623
5,154
248
1,238
447
59
212

25
42
23
28
60
03
30

$26,983 11

XXV111

REPO RT — BANK COMMISSIONER.

[Pub. Doc. No. 8.

Receipts and Disbursements during the Year ending October 31, 1911, 17 Credit
Unions.
Receipts.
Shares..................................................
D e p o s i t s ..........................................
Repaid l o a n s ..................................
Entrance fees
.
.
.
.
.
Interest
.
.
.
.
.
.
Fines .
.
.
.
.
.
.
Other r e c e i p t s .................................
Cash on hand Oct. 31, 1910

Disbursements.
$19,073 77
7,007 29
14,062 73
489 40
1,624 96
59 12
95 10
709 34

Shares..................................................
D e p o s i t s ..........................................
Loans
.
.
.
.
.
.
E x p e n s e s .........................................
Other disbursements . . . .
Cash on hand Oct. 31, 1911

$43,121 71

$1,647
3,812
30,293
1,246
85

52
24
02
79
11

6,037 03

$43,121 71

Number of shares subscribed for and in force, Oct. 31, 1911.......................................................... 4,789
Number of members Oct. 31, 1 9 1 1 ....................................................................................................1,623
Number of borrowers Oct. 31, 1911................................. .................................................................. 348

C ollateral L oan C ompanies .

The supervision of the four companies of this character, operating
under special charters and heretofore under the jurisdiction of this
department, has been transferred by legislative action to the Super­
visor of Loan Agencies.
ARTH UR B. CHAPIN,


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

Bank Commissioner.

ABSTRACT OF ANNUAL REPORTS
OF THE

C O - O P E R A T I V E BANKS
SH O W IN G

T H E IR

CO N DITIO N A T CLOSE OF BUSINESS


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

October 31 , 1911 .

2

REPO RT OF THE

[Pub. Doc.

ACUSHNET CO-OPERATIVE BANK, NEW BEDFORD.
125 MIDDLE STREET.

Incorporated November 15, 1889.
R ufus A. S ou le , President.

Began business November 16, 1889.

C harles R. P r ice , Secretary.

E dgar L ord , Treasurer.

Board of Directors: L. B. B a t e s , E. W . B o u rn e , E. B. H a sk in s , W. A. K ir b y , O. S. P a in e , E. E. F.
P otter , W . L. Sa y e r , G. R. Stetson , C. M. T a b e r , F rederick T a b e r , H . W . T ripp , S. F.
W insper .

Security Committee: L. B . B a t e s , W. A. K ir b y , H . W. T ripp .
Auditors: A. S. Ja m e s , D. W . C ory .
Regular meetings for receipt of moneys the fourth Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due

$388,800 00
1,544 84

Loans on shares
Unpaid dues
Unpaid interest
Unpaid fines
Cash

Liabilities.

Dues capital
Profits capital
$387,255 16 Guaranty fund .
25,975 00 Surplus
3,853 00 Forfeited share account
1,973 56 Advance interest
257 80
10,751 88

$358,121
63,488
4,479
3,779
170
27

$430,068 40

$430,066 40

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911

00
87
20
54
73
06

Membership.

.
.
.
.

3,189 Added during year
2,180 Withdrawn during year
6 Members Oct. 31, 1911
60 Borrowers Oct. 31, 1911
8,851
2,887
Profits Distributed.
First term, 2%%; second term, 2%%.

355
273
1,074
282

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

207 real estate loans (average, $1,870.79 each; average rate, 5.82%); 5J^%, $139,925; 6%, $247,330.16.
75 share loans (average, $346.33 each; average rate, 5.89%); 5 Mi%, $5,450; 6%, $20,525.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$1,339.68
$357.04
3.11
.83

Total.
$1,696 72
3.94

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series pciValue
R eceipts.
ubare.
$109,341 00
Dues capital
.
.
.
.
21 $199 82
Nov. 1899
Real estate loans eliminated by
22
188 89
1,400 00 May 1900
maturity of shares .
178 25
23
41,700 00 Nov. 1900
Real estate loans repaid
167 84
24
11,575 00 May 1901
Share loans repaid
25
157 71
31,900 00 Nov. 1901
Uncompleted mortgage loans
147 82
26
21,550 58 May 1902
Interest
.
.
.
.
.
27
138 16
519 26 Nov. 1902
128 74
28
3 50 Ma y 1903
Transfer fees
.
.
.
.
119 55
29
633 20 Nov. 1903
Withdrawal profits
30
110 60
1 20 May 1904
Forfeited profits .
.
.
.
101 86
31
36 76 Nov. 1904
Forfeited share account
32
93 33
11,168 48 May 1905
Cash on hand Oct. 31, 1910
85 00
33
Nov. 1905
76 87
34
$229,828 98 May 1906
68 94
35
Nov. 1906
61 24
36
May 1907
53 70
37
Nov. 1907
38
46 37
May 1908
39 21
39
Nov. 1908
D isbursements.
32 23
40
$49,981 00 May 1909
Dues capital withdrawn
25 43
41
34 00 Nov. 1909
Dues capital forfeited .
42
18 81
8,750 00 May 1910
Dues capital matured .
12 37
43
6,140 32 Nov. 1910
Profits capital withdrawn
44
6 10
4 80 May 1911
Profits capital forfeited
3,320 04
Profits capital matured
99,425 00 Dues paid in advance
Real estate loans
18,775 00
Share loans
.
.
.
.
30,755 16
Uncompleted mortgage loans
94 06
Interest
.
.
.
.
.
1,696 72
Temporary expense
101 00 Dues capital
Forfeited share account
10,751 88 Profits capital
Cash on hand Oct. 31, 1911 .
$229,828 98

D a te of E x a m in a tio n , March 13, 14, 15, 16.


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

3

Shares

Total Nalue.

90
31
133
54
73
97
129
123
166
138
278
151
273
293
243
430
403
321
555
455
910
1,017
1,268
1,220

$17,983
5,855
23,707
9,063
11,512
14,338
17,822
15,835
19,845
15,262
28,317
14,092
23,205
22,522
16,752
26,333
21,641
14,884
21,761
14,664
23,141
19,129
15,685
7,442

80
59
25
36
83
54
64
02
30
SO
08
83
00
91
42
20
10
77
55
65
30
77
16
00

809 00
$421,609 87

$358,121 00
63,488 87
$421,609 87

[Pub. Doc.

REPORT OF THE

4

ADAMS CO-OPERATIVE BANK, ADAMS.
18

CENTRE STREET.

Incorporated December 17, 1895.
G eorge B . A dams , President.

Began business March 10, 1896.

F r an k H a n l o n , Secretary.

F r an k H an lo n , Treasurer.

Board of Directors: R. C. B u n t in , J. J. C a r n e y , J. J. D a l y . A. B, D a n ie l s , A. E. G r e e n , S. L. A.
H a l l , F. R. H arrin gto n , A. W. Jones , H enr y K a iser , W. S. M orton , W. B. P l unk ett , F. W.
S m ith , P. P. Sm ith , O. A. U pton .
Security Committee: J. J. C a r n e y , S. L. A. H a l l , P. P. S m ith .
Auditors: H . B . B urdick , A . W . Jones , G odfrey Sander son .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

$4,000
260,923
21,540
1,470
592
3,145

Bonds and notes
Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Cash
.
.
.
.

00
00
00
00
00
89

$238,633
46,919
1,195
4,922

Dues capital
Profits capital
Guaranty fund
Surplus

$291,670 89

$291,670 89

Membership.

Shares.

Issued during year
.
Withdrawn during year
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.

00
83
58
48

.
.

.
.
.

.
.

.
.
.

.1,152
.
693
54
4,767
1,945

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

120
77

599
228

Profits Distributed.

First term, 2 ^ % ; second term, 2}4%Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

185 real estate loans (average, $1,410.39 each; average rate, 5.31%); 5%, $162,275; 5H%, $33,875; 6%,
$64,773.
48 share loans (average, $448.75 each; average rate, 5.89%); 5%, $1,850; 5 lA %, $1,040; 6%, $18,650.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets .


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

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

Salaries. Other Expenses.
$813.34
$260.80
2.79
.89

Total.
$1,074.14
3.68

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911
R eceifts .

Dues capital
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Notes and bonds
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Cash on hand, Oet. 31, 1910

$57,322
40,573
25,552
120
8,000
18
14,415
212
319
8,160

00
00
00
00
00
00
48
89
37
66

$154,693 40
D isbursem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Notes and bonds
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

$29,941
7,799
4,360
3,020
75,780
21,551
8,000
20
1,074
3,145

00
00
98
80
00
00
00
59
14
89

$154,693 40

5

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
82
$16,335 22
Nov. 1899
•8 $199 21
May 1900
187 99
84
15,791 16
9
177 13
94
16,650 22
Nov. 1900
10
166 59
67
11,161 53
May 1901
11
12
156 27
55
8,594 85
Nov. 1901
146 26
104
15,211 04
May 1902
13
Nov. 1902
14
136 61
131
17,895 91
15
127 17
7,375 86
May 1903
58
29
Nov. 1903
16
118 05
3,423 45
17
109 13
157
17,133 41
May 1904
100 50
Nov. 1904
207
20,803 50
18
92 12
329
19
May 1905
30,307 48
83 95
134
11,249 30
20
Nov. 1905
21
104
May 1906
75 96
7,899 84
22
68 17
127
Nov. 1906
8,657 59
23
60 57
141
8,540 37
May 1907
24
284
Nov. 1907
53 16
15,097 44
May 1908
25
45 93
147
6,751 71
221
26
8,588 06
Nov. 1908
38 86
10,204 81
May 1909
27
31 99
319
10,284 89
Nov. 1909
28
25 27
407
29
18 72
427
7,993 44
May 1910
12 33
Nov. 1910
30
581
7,163 73
31
6 09
478
2,911 02
May 1911
Dues paid in advance .

161 00
$286,186 83

Dues capital
Profits capital
Unpaid dues

$238,633 00
46,919 83
634 00
$286,186 83

D ate op E x a m in a tio n , February 9, 10.


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

6

[Pub. Doc.

REPO RT OF THE

AMESBURY CO-OPERATIVE BANK, AMESBURY.
M ARKET SQUARE.

Incorporated April 10, 1886.
W illiam W . H a w k e s , President.

Began business May 1, 1886.

H en r y F. C a b e y , Secretary.

P obtee Sa r g e n t , Treasurer.

Board of Directors: R. E. B biggs , John C ur r ier , A. H . F ie ld e n , W. W. H a w k e s , M . B. M e bb ill .
Security Committee: W. W. H a w k e s , R. E. B biggs , John C ubbier .
Auditors: E. O. D resser , C. L. A lle n , F. S. C ollins .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate .
Loans on shares .
Unpaid interest .
Unpaid premiums
Cash

Liabilities.

$96,460
1,535
424
21
22,287

00
00
15
22
40

Dues capital
Profits capital .
Guaranty fund .
Surplus

$98,840
15,495
3,038
3,353

$120,727 77

$120,727 77

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
06
78
93

M em bership.

.

390
193
16
30
2,329
582

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

84
53
482
108

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

97 real estate loans (average, $994.43 each; average rate, 6.30%): 6.30%, $96,460.
11 share loans (average, $139.54 each; average rate, 6.30%); 6.30%, $1,535.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$450.00
3.73

Other Expenses.
$329.42
2.73

Total.
$779.42
6.46

7

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Rea! estate loans repaid
Share loans repaid
Interest .
Premi ums.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Cash on hand, Oct. 31, 1910

$28,436 00
4,400
6,100
1,260
6,227
289
59
2
106
8,649

00
00
00
22
78
57
25
57
54

$55,530 93
D is b u r se m e n t s .

Dues capital withdrawn
Dues capital retired .
Dues capital matured.
Profits capital withdrawn .
Profits capital retired.
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest .
.
.
.
Temporary expense .
Cash on hand, Oct. 31, 1911

$7,661
?,239
4,287
1,067
698
1,645
14,230
615
20
779
22,287

.
.

00
00
00
17
62
53
00
00
79
42
40

$55,530 93

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force.
May 1900
29 $189 39
9
26
May 1901
31
168 32
148 23
1
May 1902
33
11
Nov. 1902
34
138 57
129 13
16
35
May 1903
36
119 92
13
Nov. 1903
37
110 95
16
May 1904
102 19
143
38
Nov. 1904
39
93 65
40
May 1905
85 30
155
Nov. 1905
40
77 17
May 1906
41
163
42
Nov. 1906
69 24
177
43
61 49
127
May 1907
44
53 94
131
Nov. 1907
46 57
May 1908
45
133
46
39 37
88
Nov. 1908
32 35
171
May 1909
47
182
Nov. 1909
48
25 52
342
49
18 85
May 1910
12 38
Nov. 1910
50
340
45
May 1911
51
6 10
Dues paid in advance .

Total Value.
$1,704
4,376
148
1,524
2,066
1,558
1,775
14,613
3,746
13,221
12,578
12,255
7,809
7,066
6,193
3,464
5,531
4,644
6,446
4,209
274

51
32
23
27
08
96
20
17
00
50
71
48
23
14
81
56
85
64
70
20
50

103 00
$115,312 06

Dues capital
Profits capital
Unpaid dues

$98,840 00
15,495 06
977 00
$115,312 06

D a te op E x a m in a t io n , April 13.


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

8

REPORT OF THE

[Pub. Doc.

ARLINGTON CO-OPERATIVE BANK, ARLINGTON.
624 MASSACHUSETTS AVENUE.

Incorporated October 30, 1889.
W arr en A . P eibc e , President.

Began business November 14, 1889.

C harles H. St e v e n s , Secretary.

O mar W. W hittemore , Treasurer.

Board of Directors: C. W . A l le n , G. G. A lle n , J. A . B a il e y , Jr., S. M . B artlett , F r an k B o l t ,
J. G. B rack ett , J. O. H olt , G. D . M oore , W . A. P eirce , G. O. R ussell , C. H . Ste v e n s , O. W .
W hittem or e , F. P. W in n , W . N. W in n , C. R. W h y t a l , D a n ie l W y m a n .
Security Committee: W. A. P eir ce , G. G. A llen , J. A. B a il e y , Jr.
Auditors: J. W . B uh ler t , J. R . M a n n , A . T . M a rston .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
Insurance and taxes paid
Cash
.
.
.
.

$417,300
13,419
960
1,063
2,339
252
24
5,755

67
00
00
16
91
84
44
03

Dues capital
Profits capital .
Guaranty fund .
Surplus
Forfeited share account

00
89
00
36
80

$441,115 05

$441,115 05

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$363,857
68,332
1,929
6,990
5

.

.
.

1,643
802
6
122
7,397
2,499

Added during year
Withdrawn during year
Members Oct. 31, 1911 .
Borrowers Oct. 31, 1911

.
.

157
93
842
255

Profits Distributed.

First term, 2}4%; second term, 2A % .
Proportion of profits retained on voluntary withdrawals, 25% on series not over 7 years old; after 7
years, none.

Rates and Averages on Loans, October 31, 1911.

212 real estate loans (average, $1,968.40 each; average rate, 5%): 5%, $417,300.67.
43 share loans (average, $312.07 each; average rate, 5%): 5%, $13,419.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$1,156.00
$297.24
2.62
.67

Total.
$1,453.24
3.29

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, year ending
October 31, 1911.
R e ceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Tax account
Surplus
.
.
.
.
Profits capital
Cash on hand Oct. 31, 1910

$89,930 00
1,200 00
4,800
34,432
12,540
405
20,861
862
560
21
274
218
334
1,623

00
01
00
60
75
11
75
79
46
12
13
00
53

$168,064 25
D isbu rse m e n ts .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Dues capital
Profits capital
Tax account
Cash on hand Oct. 31, 1911

$35,564
342
18,056
5,873
85
6,370
85,200
7,479
1,079
415
1,453
5
213
170
5,755

00
00
00
54
86
98
67
00
70
20
24
00
13
90
03

$168,064 25

D ate of E x a m in a tio n , February 1, 2.


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

9

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force, Total Value.
21 $196 32
Nov. 1899
102 $20,024 64
May 1900. 22
185 69
14,298 13
77
Nov. 1900
23
175 36
134
23,498 24
May 1901
24
165 13
64
10,568 32
Nov. 1901
25
155 22
140
21,730 80
May 1902
26
145 60
18,054 40
124
Nov. 1902
27
136 18
24,240 04
178
May 1903
28
126 98
140
17,777 20
Nov. 1903
29
117 93
20,991 54
178
May 1904
30
109 23
193
21,081 39
Nov. 1904
31
100 70
151
15,205 70
32
92 33
May 1905
391
36,101 03
Nov. 1905
33
84 13
280
23,546 40
May 1906
76 13
34
25,122 90
330
Nov. 1906
35
68 30
227
15,504 10
May 1907
36
60 69
335
20,331 15
Nov. 1907
37
53 23
374
19,908 02
May 1908
38
45 99
345
15,866 55
Nov. 1908
39
38 91
441
17,159 31
40
32 00
May 1909
500
16,000 00
41
Nov. 1909
25 26
14,852 88
588
42
May 1910
18 70
560
10,472 00
12 31
Nov. 1910
43
785
9,663 35
May 1911
44
6 08
4,620 80
760
Dues paid in advance

360 00
$436,978 89

Dues capital
Profits capital
Unpaid dues

.

$363,857 00
68,332 89
4,789 00
$436,978 89

10

REPO RT OF THE

[Pub. Doc.

ATHOL CO-OPERATIVE BANK, ATHOL.
386 M AIN

Incorporated July 1, 1889.
G eorge D. B a t e s , President.

STREET.

Began business July 15, 1889.

A. F. H a m ilto n , Secretary.

A. F. H am ilto n , Treasurer.

Board of Directors: C. F. A msden , G. D. B a tes , R. E. B eech er , O. T . B r ooks , H . C. F a y , L. B.
F a y , G. H . F o y e , T . H . G oodspeed , A. F. H a m ilto n , F. W. L ord , G. F. L ord , W. G. L ord ,
F. S. P a rm enter , A. F. T y le r , E. L. W orrick .
Security Committee: C. F. A msden , F. S. Par m e n te r , W. G. L ord .
Auditors: W . H . B rock , C. E. W orrick , W . K . W h e e l e r .
Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash

$162,655
7,544
931
139
300
2,826

00
00
79
64
00
80

Dues capital
Profits capital
Guaranty fund
Surplus

$143,036
23,905
938
6,517

$174,397 23

$174,397 23

Membership.

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
56
00
67

.
.
.

1,359
953
22
3,717
1,169

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

149
112
494
181

Profits Distributed.

First term, 2lA % ; second term, 2X
A%.
Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

178 real estate loans (average, $913.79 each; average rate, 5.86%): 5%. $22,075; 6%, $140,580.
65 share loans (average, $116.06 each; average rate, 5.95%); 5%, $100; 6%, $7,444.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$500.00
2.87

Other Expenses.
$225.66
1.29

Total.
$725.66
4.16

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

$45,106 00
800
24,600
7,944
8,861
252
284
114
16,091

00
00
00
93
84
36
29
17

$104,054 59
D isbu rsem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.

R eceipts .

Dues capital
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
Fines
.
Withdrawal profits
Personal accounts ' .
Cash on hand, Oct. 31, 1910

.
.

$24,302
3,278
2,373
1,132
59,900
9,129
87
725
300
2,826

00
00
53
01
00
00
59
66
00
80

11

Nov.
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
3908
1909
1909
1910
1910
1911

Value
Shares
Series. per
Share. in Force. Total Value.
22 $195 50
49
$9,579 50
24
174 44
69
12,036 36
25
164 30
35
5,750 50
26
154 49
1,235 92
8
27
144 88
71
10,286 48
28
135 53
75
10,164 75
29
126 41
51
6,446 91
117 50
30
24
2,820 00
31
108 80
85
9,248 00
32
100 29
50
5,014 50
33
91 99
135
12,418 65
83 88
6,962 04
34
83
35
75 95
54
4,101 30
36
68 19
116
7,910 04
37
60 60
127
7,696 20
38
53 19
83
4,414 77
39
45 96
134
6,158 64
40
38 90
208
8,091 20
32 01
41
10,019 13
313
42
25 29
351
8,876 79
18 73
43
392
7,342 16
12 33
44
689
8,495 37
45
6 09
515
3,136 35

Dues paid in

$104,054 59

55 00
$168,260 56

Dues capital
Profits capital
Unpaid dues

$143,036 00
23,905 56
1,319 00
$168,260 56

D a te op E x a m in a tio n ,


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

April 13, 14.

12

REPO RT OF THE

[Pub. Doc,

ATLANTIC CO-OPERATIVE BANK, LAWRENCE.
283 ESSEX STREET.

Incorporated March 26, 1891.

Began business April 30, 1891.

T homas B e v in g t o n , President. B enjamin R. B r ad le y , Secretary.

B enjam in R. B r a d le y , Treasurer.

Board of Directors: R. H. B a r l o w , F. L. B a rsto w , F. E. B atcheller , H. E. B evin g to n , O. W .
B oo th by , Jam es B oothman , B. E. C r o w e l l , W . D . C ur r ier , T . S. D r e w r y , C. H. K it c h in ,
W . M. L amont , S. E. R ollins , F. A. Sh er m a n , J. R. Sim p so n , I. N. W il so n .
Security Committee: R. H. B a r l o w , T homas B e v ington , I. N. W ilso n .
Auditor: A rth ur B a r k e r .
Regular meetings for receipt of moneys the last Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Temporary expense account
Cash
.
.
.
.

.

$171,650
12,350
253
4,784

00
00
11
16

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account

.
.
.
.
.
.

$189,037 27

$152,726
28,860
3,543
2,859
924
43
25
55

00
58
19
68
27
07
48
00

$189,037 27

Shares.

Membership.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.

.
.
.

850
598
25
59
3,489
1,207

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

90
83
387
131

Profits Distributed.

First term, 114% ; second term, 1M%; third term,
1%%', fourth term, 1M%.
Proportion of profits retained on voluntary withdrawals, 25% on series not over 5 years old; 10% on
series from 5 to 8 years old; after 8 years none.

Rates and Averages on Loans, October 31, 1911.

110 real estate loans (average, $1,560.45 each; average rate, 5 ]4%) ■5%, $84,950; 6%, $86,700.
43 share loans (average, $287.21 each; average rate, 5.57%); 5%, $5,300; 6%, $7,050.

Total Expenses for Year.

Amount paid for
.
.
Cost per $1,000 of assets .


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

.

.
.

.

.
.

Salaries.
$400.00
2.12

Other Expenses.
$259.26
1.37

Total.
$659.26
3.49

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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
Cash on hand Oct. 31, 1910

$41,108 00
2,000 00
2,800
34,950
3,100
1,950
9,896
1
419
1
222
3
55
2,471

00
00
00
03
76
45
71
75
71
75
00
80

$98,980 96
D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$20,077
245
8,496
3,220
15
3,334
49,700
6,500
1,950
609
49
4,784

00
00
00
06
00
45
00
00
03
81
45
16

$98,980 96

13

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
Jan.
April
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.

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
1908
1908
1908
1908
1909
1909
1909
1909
1910
1910
1910
1910
1911
1911
1911
1911

Value
Shares
Series. per
Share. in Force. Total Value.
36 $195 43
10
$1,954 30
37
189 81
64
12,147 84
39
178 78
20
3,575 60
40
173 43
37
6,416 91
41
168 13
76
12,777 88
42
162 95
30
4,888 50
43
157 82
5
789 10
44
152 76
27
4,124 52
45
147 78
74
10,935 72
142 85
46
6
857 10
47
138 04
6
828 24
48
133 27
20
2,665 40
49
128 57
49
6,299 93
50
123 95
18
2,231 10
51
119 34
63
7,518 42
52
114 84
17
1,952 28
62
110 40
53
6,844 80
54
30
106 02
3,180 60
39
101 69
55
3,965 91
56
97 42
2,922 60
30
57
93 22
46
4,288 12
89 08
58
43
3,830 44
59
84 97
25
2,124 25
60
80 94
99
8,013 06
61
76 95
41
3,154 95
62
73 01
92
6,716 92
63
69 13
89
6,152 57
64
65 30
1
65 30
65
61 53
39
2,399 67
66
52
57 80
3,005 60
67
54 12
34
1,840 08
68
50 48
66
3,331 68
69
46 89
52
2,438 28
70
43 34
59
2,557 06
71
39 83
71
2,827 93
72
36 37
70
2,545 90
32 95
73
138
4,547 10
29 57
74
58
1,715 06
75
26 23
209
5,482 07
76
22 94
128
2,936 32
282
77
19 69
5,552 58
78
16 48
139
2,290 72
79
13 31
289
3,846 59
80
10 18
198
2,015 64
81
7 08
216
1,529 28
82
4 02
83
333 66
83
1 00
187
187 00

Dues paid in advance .

52 00
$182,656 58

Dues capital
Profits capital
Unpaid dues

$152,726 00
28,860 58
1,070 00
$182,656 58

D ate op E x a m in a tio n , Oct. 18, 19, 20.


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

[Pub. Doc.

REPO RT OF THE

14

ATTLEBOROUGH CO-OPERATIVE BANK, ATTLEBOROUGH.
15 PARK STREET.

Incorporated July 18, 1892.
F eed L. T orrey , President.

Began business August 17, 1892.

H a rr y E. C a rpenter , Secretary.

H a rr y E. C ar p e n t e r , Treasurer.

Board of Directors: M . F. A sh l e y , S. O. B ig n e y , A . N . B r ow n el l , H . E . C a rp e nte r , T . S. C a r p e n t e r ,
• C. C. G r a n t , S. B. Jacobs , Joseph K e rk h off , D. E . M ake p e a ce , T . E . M cC a f f r e y , G. A .
M on ro e , E dmund R e e v e s , G. H . S n e ll , W. M . St one , J. J. T h acher , F. L. T o r r e y , H . E.
W h it e .

Security Committee: G. A. M onroe , C. C. G r an t , S. B. Jaco bs .
Auditors: A . A . F r en ch , A . M . H ir ons , F. C. N y e .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

$129,865
3,185
726
19
138
10,492

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Temporary expense account
Cash

00
00
00
90
72
20

$114,955
22,526
630
3,355
2,820
21

00
08
39
37
28
13
25
118 32

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal profits

$144,426 82

$144,426 82

Membership.

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

820
470
44
2,489
845

Added during year
Withdrawn during year .
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

114
57

316
95

Profits Distributed.

First term, 2J4%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

81 real estate loans (average, $1,603.27 each; average rate, 6%): 6%,_ $129,865.
14 .share loans (average, $227.50 each; average rate, 6%); 6%, $3,l85.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets .


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

Salaries.
$307.45
2.13

Other Expenses.
$57.53
.40

Total.
$364.98
2.53

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Profits capital
Cash on hand Oct. 31, 1910

00
00
32
44
00
77
04
59
16

D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense.
Surplus account .
Cash on hand Oct. 31, 1911 .

00
00
25
97
00
00
72
98
04
20
16

15

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares Total Value.
Date of Issue. Series. per
Share, in Force.
32
$4,469 36
23
$194
1900
16
Feb.
2,382 90
13
17
183 30
Aug. 1900
23,512 95
135
174 17
Jan. 1901
18
981 42
6
19
163 57
July 1901
54
8,285 76
153 44
20
Jan. 1902
3,302 34
23
21
143 58
July 1902
7,632 87
133 91
57
Jan. 1903
22
3,735 30
124 51
30
23
July 1903
8,181 33
71
24
115
23
Jan. 1904
5,212 62
49
25
106 38
July 1904
7,226 10
97 65
74
Jan. 1905
26
5,985 11
67
89 33
27
July 1905
18,653
00
10
230
Jan. 1906
28
81
1,607 98
22
73 09
29
July 1906
02
6,141
94
33
Jan. 1907
30
65
4,329 75
75
57 73
31
July 1907
2,317 94
46
32
50 39
Jan. 1908
62
2,678 40
43 20
33
July 1908
5,580 96
154
34
36 24
Jan. 1909
3,177 36
108
29 42
35
July 1909
4,926
96
216
22 81
36
Jan. 1910
2,537 35
155
37
16 37
July 1910
30
4,373
433
10 10
Jan. 1911
38
292
1,168 00
39
4 00
July 1911
Dues paid in advance .

329 00
$138,729 08

Dues capital
Profits capital
Unpaid dues

$114,955 00
22,526 08
1,248 00
$138,729 08

D ate of E x a m in a tio n , March 13, 14, 15.


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

16

[Pub. Doc,

REPORT OF THE

AUBURNDALE CO-OPERATIVE BANK, AUBURNDALE.
AUBURN STREET.

Incorporated February 8, 1910.

Began business February 15, 1910.

James H . K e nda ll , President. C hakles S. C o w d r ey , Secretary. C harles E. V a l e n t in e , Treasurer.

Board of Directors: H . P. C on verse , W . K . C or e y , C. P. D ar l in g , F. F. D av id so n , N . W . D e n n e t t ,
B ernard E a r l y , W . T . F a r l e y , E . E. F e rn a ld , C. I. F l y e , E. J. F rost , W . F. H adlock ,
H . G . H ildreth , C. P. H utch inson , W . W . M c L eod , F. T . M ille r , D . W . M orton , W . H. N a s h ,
H . S. P om eroy , E . B. Sq u ire , H . L. T a n g e , G . M . W in sl o w .

Security Committee: E . E . F e rn a ld , W. K . C o r e y , B ernard E a r l y , W. F. H adlock , H . L. T a n g e .
Auditors: R. S. G ould , R. J. Sis k .
Regular meetings for receipt of moneys first Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

$24,500
850
215
50
2,002

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Cash and cash items

00
00
00
34
67

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account

.
.
.
.
.
.

00
81
16
14
63
36
91
00

$27,618 01

$27,618 01

M embership.

.
Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

$26,566
672
13
54
281
11
14
4

.

662
350
1
1,754
273

57
30
254
24

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

First term, 1%; second term, 1%; third term, 1%,
fourth term, V/s%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

13 real estate loans (average, $1,884.61 each; average rate, 5.58%); 5 M%> $1,600; 5}4%, $21,900; 8%,
$ 1, 000 .

11 share loans (average, $77.27 each; average rate, 5J^%): 5}4%, $850.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets .


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

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

Salaries.
$24.65
.89

Other Expenses.
$156.51
5.66

Total.
$181.16
6.55

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Share loans repaid
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Withdrawal profits
.
.
.
Forfeited share account
.
Cash on hand Oct. 31, 1910

.

.
.

$19,689 00
595 00
1,100 66
28 28
26 00
4 00
1,255 44
$22,698 38

17

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pevra‘uheare ^ r f e .

Total Value.

Mar.
June
Sept.
Dec.
Mar.
June
Sept.

$20,044
1,795
1,328
1,350
1,551
707
260

1910
1910
1910
1910
1911
1911
1911

1
2
3
4
5
6
7

$20
17
14
11
8
5
2

Dues paid in advance .
$3,968
92
15,000
1,445
181
9
2,002

00
05
00
00
16
50
67

$22,698 38

D a te

of

E x a m in a t io n , September 18.


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

974
103
93
121
192
141
130
.

.

92
29
04
36
36
82
00

443 00
$27,480 79

D isbursements .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

58
43
28
16
08
02
00

Dues capital
Profits capital
Unpaid dues

$26,566 00
672 79
242 00
$27,480 79

18

REPORT OF THE

[Pub. Doc.

BALDWINVILLE CO-OPERATIVE BANK, BALDWINVILLE.
CENTRAL STREET.

Incorporated July 16, 1889.
C. S. D ickinson , President.

Began business July 24, 1889.

C harles C. S p ear e , Secretary.

C harles C. S peare , Treasurer,

Board of Directors: G. H. A lex a n d e r , E. L. B ishop , E. L. B o w k e r , R. D. C ook , F. R. E llis , C. H.
E v a n s , C. A. F letcher , F. L. H ag e r , F. L. H osmer , E. N. M ullin s , C. W. N ichols , R. H. R e e d ,
E. L. T hompson .
Security Committee: E. N. M u l lin s , E. L. T hompson , C. H. E v a n s .
Auditors: W. E. Sib l e t , J. E. M ur p h t .
Regular meetings for receipt of moneys the fourth Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Temporary expense account
Cash
.
.
.
.

Liabilities.

$53,800
2,025
41
1,846

00
00
00
00

Dues capital
.
.
Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Fines
.
.
.
Transfer fees
.
.
Withdrawal profits

.
.
.
.
.
.
.

.
.
.
.
.
.
.

$57,712 00

00
17
36
02
77
26
25
79 17

$57,712 00

Shares.

Issued during year
Withdrawn during year
Retired during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$43,694
8,300
1,637
3,010
979
11

Membership.

243
64
25
920
336

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

31
13
137
57

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

51 real estate loans (average, $1,054.90 each; average rate, 6%): 6%, $53,800.
6 share loans (average, $337.50 each; average rate, 6%): 6%, $2,025.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets


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

Salaries.
$100.00
1.73

Other Expenses.
$125.99
2.18

Total.
$225.99
3.91

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

$10,677
4,125
450
3,177
87

00
00
00
14
31
50
122 65
1,094 72

Dues capital
.
Real estate loans repaid
Share loans repaid
Fines
.
Transfer fees
.
.
.
Withdrawal profits
Cash on hand Oct. 31, 1910

.

$19,734 32
D isbttbsements .

Dues capital withdrawn
Dues capital retired
Profits capital withdrawn
Profits capital retired .
Real estate loans
Share loans
.
.
.
.
Interest
.
.
.
.
Temporary expense
Fines account
.
.
.
.
Cash on hand Oct. 31, 1911

.

$2,441
2,900
490
977
10,400
425
24
225
3
1,846

00
00
56
75
00
00
12
99
90
00

$19,734 32

19

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Jan. 1901
24 $178 81
10
$1,788 10
167 80
July 1901
25
10
1,678 00
Jan. 1902
26
157 11
21
3,299 31
July 1902
27
146 73
25
3,668 25
Jan. 1903
136 66
14
1,913 24
28
28
3,552 64
29
126 88
July 1903
Jan. 1904
117 38
27
3,169 26
30
52
5,624 32
July 1904
31
108 16
Jan. 1905
32
99 21
36
3,571 56
July 1905
33
90 52
14
1,267 28
82 08
25
2,052 00
Jan. 1906
34
29
July 1906
35
73 89
2,142 81
45
2,967 30
Jan. 1907
36
65 94
37
58 22
36
2,095 92
July 1907
Jan. 1908
38
50 72
46
2,333 12
43 44
96
4,170 24
July 1908
39
Jan. 1909
36 37
40
65
2,364 05
29 51
July 1909
41
48
1,416 48
42
22 85
27
616 95
Jan. 1910
16 38
950 04
July 1910
43
58
Jan. 1911
44
10 10
113
1,141 30
45
4 00
95
380 00
July 1911
Dues paid in advance

10 00
$52,172 17

Dues capital
Profits capital
Unpaid dues

$43,694 00
8,300 17
178 00
$52,172 17

D ate op E xam in a tio n , March 2, 3.


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

20

REPORT OF THE

[Pub. Doc.

BEVERLY CO-OPERATIVE BANK, BEVERLY.
155 CABOT STREET.

Incorporated August 25, 1888.
G eorge P. B r o w n , President.

Began business September 18, 1888.

H arrie L. O be r , Secretary.

C harles F. L e e , Treasurer.

Board of Directors: G . P. B r o w n , S a m ue l C o le , F. I. C r essey , E dmund G il e s , J. H . G irdler , J. F.
H il l , C. F. L e e , C. E . O b e r , H . L. O be r , John P rince , G . F. St a n le y , L. P. St an to n , G . C .
St ic k n e y , E . S. W e b b e r , H . W . W oodberry .

Security Committee: G. P. B r o w n , E dmund G il e s , J. H. G ir dler .
Auditors: C. E. O be r , L. P. St an to n , E. S. W e b b e r .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid fines
Permanent expense account
Temporary expense account
Cash

.

$473,100
4,270
6,300
2
250
180
8,949

00
00
00
35
00
58
67

Dues capital
.
■Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Transfer fees
.
.
Withdrawal profits
Forfeited share account

.
.
.

.
.

.
.
.

.
.

00
27
96
52
08
75
178 19
109 83

$493,052 60

$493,052 60

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

8416,332
64,326
2,688
6,190
3,226

3.358
L616
9
97
11,085
2,655

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

437
217
1,544
290

Profits Distributed.

First term, 2J%; second term, 2J%.
Proportion of profits retained on voluntary withdrawals, 25% on series not over 5 years old; after 5
years, none.

Rates and Averages on Loans, October 31, 1911.

274 real estate loans (average, $1,726.64 each; average rate, 5.43%): 5%, $78,750 ; 5 M%> $3,900; 5W7oi
$375,450; 6%, $13,500; 6 %%, $1,000; 8M%, $500.
24 share loans (average, $177.92 each; average rate, 6%): 6%, $4,270.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,130.20
2.29

Other Expenses.
$649.25
1.32

Total.
$1,779.45
3.61

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited profits .
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1910

.
.
.
.
.
.

$121,503
75,550
2,370
250
25,386
919
6
548
2

68
78
14,112

00
00
00
00
64
45
50
08
40
75
60
47

$240,795 39
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Cash on hand Oct. 31, 1911

.
.

$52,245
76
14,672
6,694
8
5,280
150,050
560
16
1,848
320
74
8,949

00
00
00
63
48
77
00
00
54
20
00
60
67

$240,795 89

21

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
124
23 $195 65
$24,260 60
Sept. 1899
185 15
113
20,921 95
Mar. 1900
24
121
21,167 74
Sept. 1900
25
174 94
Mar. 1901
164 99
93
15,344 07
26
45
6,989 40
27
155 32
Sept. 1901
Mar. 1902
28
145 89
113
16,485 57
29
136 64
35
4,782 40
Sept. 1902
127 64
358
Mar. 1903
30
45,695 12
118 92
166
19,740 72
Sept. 1903
31
32
110 35
146
16,111 10
Mar. 1904
4,079 60
33
101 99
40
Sept. 1904
62
Mar. 1905
34
93 80
5,815 60
85 77
129
11,064 33
Sept. 1905
35
463
Mar. 1906
36
77 88
36,058 44
37
504
35,360 64
Sept. 1906
70 16
62 61
461
Mar. 1907
38
28,863 21
39
55 20
345
19,044 00
Sept. 1907
Mar. 1908
40
47 96
565
27,097 40
41
40 90
505
20,654 50
Sept. 1908
Mar. 1909
34,214 06
42
34 01 1,006
27 29
592
16,155 68
Sept. 1909
43
Mar. 1910
44
20 73
943
19,548 39
14 33 1,106
15,848 98
Sept. 1910
45
Mar. 1911
8 09 1,853
14,990 77
46
2 00 1,197
Sept. 1911
47
2,394 00
Dues paid in advance .

559 00
$483,247 27

Dues capital
Profits capital
Unpaid dues

$416,332 00
64,326 27
2,589 00
$483,247 27

D ate of E x am in a tio n , July 5, 6, 7, 8, 9,


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

22

[Pub. Doc,

REPORT OF THE

B. F. BUTLER CO-OPERATIVE BANK, LOWELL.
45 M ERRIM ACK STREET.

Incorporated October 30, 1901.

Began business November 1, 1901.

F isher H. P earson , President. G ardner W. P e arson , Secretary. G ardner W. P earson , Treasurer.

Board of Directors: H. W. C lem en t , W illiam C oggin , B. F. G a t e l t , John K e a r n e y , F. H. P earson ,
G. W. P earson , M. G. R ogers , J. J. W a rd .
Security Committee: John K e a r n e y , B. F. G a t e l y , G . W. P earson .
Auditors: F red Sanbor n , J. J. H e a l e y , S. T. F a rr e ll .
Regular meetings for receipt of moneys the first Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Liabilities.

114,400
600
96
7
698

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash

00
00
11
71
90

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

$15,802 72

00
29
11
32
00

$15,802 72

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$13,745
1,633
142
265
17

102
48
439
129

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

13
11

66
22

Profits Distributed.
First term, 134%; second term, 134%; third term,
1 3 4 % ; fourth term, 134 %.
Proportion of profits retained on voluntary withdrawals, 25% first three years; 10% thereafter.

Rates and Averages on Loans, October 31, 1911.

19 real estate loans (average, $757.89 each; average rate, 5.54%); 5%, $6,550; 6%, $7,850.
3 share loans (average, $200 each; average rate, 6%): 6%, $600.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$55.00
3.48

Other Expenses.
$9.40
.59

Total.
$64.40
4.07

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.

.
.

$5,136
250
750
793
24
4

00
00
00
47
68
55
45
478 77

$7,437 92
D isbursem ents .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.

R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Other receipts
.
.
.
.
Cash on hand Oct. 31, 1910

.

$2,230
494
3,100
850
64
698

00
62
00
00
40
90

$7,437 92

23

Nov.
May
Nov.
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
Feb.
May
Aug.
Nov.
Feb.
May
Aug.
Nov.
Feb.
May
Aug.

1901
1903
1903
1904
1905
1905
19C6
1906
1907
1907
1908
1908
1909
1909
1909
1909
1910
1910
1910
1910
1911
1911
1911

Shares
Value
Series. per
Share. in Force. Total Value.
1
$155 50
1 $155 50
1,271 90
127 19
10
4
12
1,417 80
5
118 15
302 22
100 74
3
7
92 35
5
461 75
8
757 71
9
9
84 19
9
685 35
76 15
10
1,983 31
68 39
11
29
121 54
2
12
60 77
373 45
53 35
7
13
322 56
7
15
46 08
2,143 90
55
17
38 98
106 50
35 50
3
18
25
801 75
32 07
19
831 43
29
28 67
20
1,543 30
21
25 30
61
880 40
22 01
40
22
225 00
12
23
18 75
357 19
24
23
15 53
579 9812 34
47
25
92 10
10
26
9 21
213 50
35
27
6 10
15 15
28
3 03
5

$15,643 29
Dues capital
Profits capital
Unpaid dues

$13,745 00
1,633 29
265 00

$15,643 29
D a te of E x a m in a t io n , April 14.


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

24

REPORT OF THE

[Pub. Doc.

BOSTON CO-OPERATIVE BANK, BOSTON.
53

STATE STREET.

Incorporated April 30, 1888.
G eorge G. S. P e rk in s , President.

Began business May 2, 1888.

G eorge T. B osson , Secretary.

G eorge T. B osson , Treasurer.

Board of Directors: E . W . Cox, J. J. E merson , J. W . F oster , R obert G r a y , C. H. K e l l y , W . L. K e lt ,
J. S. K e n n e d y , S. H. L ’h e u r e u x , J. F. M on ah an , F. J. M urphy , Joh n T e i n , C. W . W h it in g ,
S. S. W oodbury .
Security Committee: G. T. B osson , F. J. M u r p h y , S. H. L ’ h e u r e u x .
Auditor: E d w in L. P ride .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid premiums
Unpaid fines
Cash
.
.
.
.

.

$701,120
33,210
19,298
4,750
3,597
2
388
15,876

00
00
05
00
39
30
72
01

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Forfeited share account
Suspense account

.

$778,242 47

00
91
40
68
70
78

$778,242 47

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Retired during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911 .

$642,622
113,633
8,140
13,630
213
1

.
.

3,720
2,167
54
311
. 13,593
. 4,737

Added during year
Withdrawn during year
Members Oct. 31, 1911 .
Borrowers Oct. 31, 1911

346

.

221
1,522
534

Profits Distributed.

First term, 2lA % ; second term, 2}4% .
Proportion of profits retained on voluntary withdrawals, 6 years and under, 25%; after 6 years, 20%;
after 7 years, 15%; after 8 years and until maturity, 10%.

Rates and Averages on Loans, October 31, 1911.

301 real estate loans (average, $2,329.30each; average rate, 5.59%): 5%,$246,130; 5M%, $39,150; o}4% ,
$23,600; 6%, $372,700; 6)i% , $15,000; 6940%, $1,540; 6%%. $2,000; 7%, $1,000.
233 share loans (average, $142.53 each; average rate, 5.83%): 5%, $4,420; 5 ]4,%, $1,330; 5)^%, $1,150;
6%, $24,640; 6 M%. $1,430; 6 %%, $150; 7%, $90.

Total Expenses for Year.

Amount paid for .
,
Cost per $1,000 of assets


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

.

Salaries.
$3,060.00
3.93

Other Expenses.
$1,355.71
1.74

Total.
$4,415.71
5.67

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
foreclosure
.
.
.
.
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
.
Premiums .
.
.
.
.
Fines
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited share account
Suspense account
Cash on hand Oct. 31, 1910

$163,194 00
5,500
105,510
23,520
4,937
12,563
41,907
8
1,886
5
1,598
768
263
586

00
00
00
11
02
43
70
81
75
88
15
43
69

$362,249 97
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Guaranty fund .
Surplus
.
.
.
.
Suspense account
Profit and loss
Cash on hand Oct. 31, 1911

$72,168
1,255
41,544
9,782
107
11,920
174,500
21,110
7,144
609
4,415
620
104
473
261
355
15,876

00
00
00
64
72
87
00
00
26
71
71
26
82
95
65
37
01

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
May
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

Series. Value
per Share.
23 $201 24
25
180 79
26
171 00
27
161 41
28
152 02
29
142 90
30
133 94
31
125 20
32
116 60
33
108 19
34
99 92
35
91 70
36
83 63
37
75 76
38
68 02
39
60 49
40
53 12
41
45 89
42
38 84
43
31 96
44
25 25
45
18 70
12 31
46
47
6 08

Dues paid in advance .

Shares
in Force. Total Value.
5
$1,006 20
231
41,762 49
388
66,348 00
274
44,226 34
216
32,836 32
195
27,865 50
327
43,798 38
296
37,059 20
278
32,414 80
397
42,951 43
274
27,378 08
352
32,278 40
509
42,567 67
427
32,349 52
400
27,208 00
508
30,728 92
474
25,178 88
491
22,531 99
1,083
42,063 72
878
28,060 88
1,201
30,325 25
1,198
22,402 60
1,322
16,273 82
1,869
11,363 52
1,142 00
$762,121 91

Dues capital
Profits capital
Unpaid dues

$362,249 97
D a te of E x a m in a tio n , January 12, 13, 14, 16, 17, 18.


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

25

$642,622 00
113,633 91
5,866 00
$762,121 91

[Pub. Doc,

REPORT OF THE

26

BRAINTREE CO-OPERATIVE BANK, SOUTH BRAINTREE.
30 POND STREET.

Incorporated June 24, 1889.
Jambs T. St e v e n s , President.

Began business October 15, 1889.

C harles B. C um mings , Secretary.

C harles B. C ummings , Treasurer.

Board of Directors: C. B. C um mings , C. It. C um mings , H. W. D o a n e , W. H. F oss , John G a l l iv a n ,
M . C . G illette , J. H . K ilbr ith , J. F. L ittlefield , H . W . M ansfield , F. G. P enno ck , W . A .

Ross, E dward Sh a y , H. S. Sn o w , J. T . St evens , A . S. T h a y e r .
Security Committee: J. H. K ilbr ith , J. T . St ev e n s , A. S. T h a y e r .
Auditors: G. W. St e v e n s , O. B. Oa k m a n .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Personal accounts
Insurance and taxes paid
Cash
.
.
.
.

.

$131,905
4,375
10
278
46
9
1,881

00
00
00
75
18
00
40

Dues capital
.
Profits capital .
Guaranty fund .
Surplus
.
.
Interest
.
.
Premiums .
.
Fines
.
.
Transfer fees
.
Withdrawal profits
Suspense account

.
.
.
.

.
.
.

.
.
.
.
.
.
.
.

.

.
.
.
.
.
.
.
.

$138,505 33

00
74
19
88
15
20
18
25
224 74
5 00

$138,505 33

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged October 31, 1911

$110,630
21,247
697
2,466
2,990
157
86

Membership.

.

549
243
75
2,273
818

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

42
25
263
93

Profits Distributed.

First term, 3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

81 real estate loans (average, $1,628.46, each; average rate, 68do%): 6%o%, $131,905.
20 share loans (average, $218.75 each; average rate, 6%o%): 6%o%, $4,375.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$625.00
4.51

Other Expenses.
$67.90
.49

Total.
$692.90
5.00

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Matured share account
Personal accounts
Suspense account
Insurance and taxes
Cash on hand Oct. 31, 1910

$26,908 00
7,450
16,400
9,6C5
7,992
406
218
466
15,073
173
175
25
4,564

00
00
00
78
45
50
25
78
50
70
74
50
38

$89,460 58
D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Matured share account
Personal accounts
Insurance paid .
Suspense account
Extraordinary expense
Cash on hand Oct. 31, 1911

$10,198
10,575
1,866
4,498
34,600
5,925
282
692
18,291
219
9
170
250
1,881

00
00
97
50
00
00
05
90
14
88
00
74
00
40

$89,460 58
D ate of E x a m in a t io n , October 13, 14.


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

27

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. perValue
Share. in Force Total Value.
23 $191 29
June 1900
30
$5,738 70
24
Dec. 1900
179 94
11
1,979 34
72
June 1901
25
168 92
12,162 24
26
158 22
Dec. 1901
30
4,746 60
June 1902
27
147 83
22
3,252 26
Dec. 1902
28
137 75
37
5,096 75
29
127 96
June 1903
65
8,317 40
Dec. 1903
30
118 46
55
6,515 30
109 23
June 1904
31
67
7,318 41
Dec. 1904
32
100 27
90
9,024 30
91 57
June 1905 33
66
6,043 62
34
83 13
173
Dec. 1905
14,381 49
74 93
June 1906
35
71
5,320 03
66 97
Dec. 1906
36
103
6,897 91
37
59 24
144
June 1907
8,530 56
Dec. 1907
38
51 74
84
4,346 16
39
44 46
94
June 1908
4,179 24
37 39
Dec. 1908
40
138
5,159 82
41
30 52
108
June 1909
3,296 16
42
23 85
Dec. 1909
101
2,408 85
43
17 38
June 1910
175
3,041 50
44
11 10
Dec. 1910
311
3,452 10
45
5 00
June 1911
226
1,130 00
Dues paid in advance .

206 00
$132,544 74

Dues capital
Profits capital
Unpaid dues

$110,630 00
21,247 74
667 00
$132,544 74

REPORT OF THE

28

[Pub. Doc.

BRIDGEWATER CO-OPERATIVE BANK, BRIDGEWATER.
25 CENTRAL SQUARE.

Incorporated May 27, 1902.
Sam uel P. G a te s , President.

Began business June 16, 1902.

F ran k E. G u r n e y , Secretary.

F r an k E. G u r n e y , Treasurer.

Board of Directors: G. J. A lcott , J. G . B a ssett , W illiam B assett , H . M . B lackstone , R . J. C a se y ,
E. L. C ook , J. H . F a ir b a n k s , S. P. G a t e s , F. E. G u r n e y , W . P. H utch inson , W . D. Ja ck son ,
John M a y o , W . S. P rophett , F. E. Sw e e t , A . H . W illis .
Security Committee: W illiam B a ssett , W . P. H utch in so n , W . S. P rophett .
Auditors: H. J. St r a n n , C. P. Sin n o t t , J. E. F l y n n .
Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

$53,375
5,526
129
172
3,121

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Cash
.
.
.
.

00
00
96
89
12

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account

$62,324 97

$52,120
7,135
141
1,326
1,566
20
6
7

00
30
43
29
64
60
84
87

$62,324 97

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.

194
170
1,079
401

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

23
13
162
54

Profits Distributed.

First term, 2J^%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 25% for first five years.

Rates and Averages on Loans, October 31, 1911.

48 real estate loans (average, 11,111.98 each; average rate, 6%): 6%, $53,375.
17 share loans (average, $325.05 each; average rate, 6%); 6%, $5,526.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

.

.

.

.

.

.
.

.
.

Salaries.
$260.00
4.17

Other Expenses.
$120.69
1.94

Total.
$380.69
6.11

29

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Date of Issue. Series. Value

R eceipts .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Cash on hand Oct. 31, 1910

.
.
.
.

$13,183
9,800
260
3,528
61

00
00
00
91
59
50
21 99
5,395 71

$32,251 70
D isbu bsem ents .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

.

$9,857
1,956
14,475
2,350
395
96
3,121

00
62
00
00
21
75
12

$32,251 70

June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June

1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

1 $140 97
131 76
2
122 74
3
4
113 94
5
105 36
96 99
6
7
88 82
8
80 85
9
73 07
65 48
10
11
58 08
12
50 86
13
43 81
36 94
14
15
30 23
16
23 69
17 31
17
11 08
18
5 00
19

Dues paid in advance .

Shares

Total Value.

100
24
12
5
7
14
17
26
50
110
160
77
34
90
41
58
89
82
83

$14,097
3,162
1,472
569
737
1,357
1,509
2,102
3,653
7,202
9,292
3,916
1,489
3,324
1,239
1,374
1,540
908
415

00
24
88
70
52
86
94
10
50
80
80
22
54
60
43
02
59
56
00

51 00
$59,417 30

Dues capital
Profits capital
Unpaid dues

$52,120 00
7,135 30
162 00
$59,417 30

D a t e of E x a m in a tio n , November 3, 4.


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

[Pub. Doc.

REPORT OF THE

30

BRIGHTON CO-OPERATIVE BANK, BOSTON.
573 W ASHINGTON STREET (BRIGHTON DISTRICT).

Incorporated May 17, 1911.
H orace G. M ac D ougall , President.

Began business May 22, 1911.

D avid H . W e ll s , Secretary.

D a vid H . W ells , Treasurer.

Board of Directors: H. W. A s k e n a sy , C. F. B e e e y , F. E. C bitchett , C. H. H odge , T homas K in g ,
L. J. M abstebs , J. W. M il n e , W. H. Pa r k e b , D. L. P rendebgast , P. T. Sp ba g u e , D. H.
St e w a r t , L ouis W atson .

Security Committee: F. E. C bitchett , D. L. P ben deeg ast .
Auditor: T homas S. S p u b b .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION. OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on reel estate
Permanent expense account
Cash
.
.
.
.

$3,500 00
67 35
250 20

Dues capital
Profits capital
Guaranty fund

.
.
.

.
.
.

.
.
.

.
.
.

$3,817 55

$3,817 55

Shares.
Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

S3,757 00
58 05
2 50

Membership.

660
15
645
18

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

, .

Profits Distributed.

First term, 2M%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than five years old.

Rates and Averages on Loans, October 31, 1911.

2 real estate loans (average, $1,750 each; average rate, 6.08%): 6%, $3,000; 6%%, $500.


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

87
2
85
2

Receipts and Disbursements, Year ending
October 31, 1911.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

$3,817
72
1
2

00
22
20
28

$3,892 70
D isbursements .

Dues capital withdrawn
.
Real estate loans
.
.
Permanent expense
.
.
.
Cash on hand Oct. 31, 1911

.
.
.

$60
3,500
82
250

00
00
50
20

$3,892 70

D ate op E x a m in a t io n , November 7.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.

R eceipts .

Dues capital
Interest
.
Premiums .
Pines
.

31

BANK COMMISSIONER.

No. 8.]

May 1911

1

^
$6 09

Total Value.
645

$3,928 05
$3,928 05

Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$3,757 00
58 05
113 00
$3,928 05

32

REPORT OF THE

[Pub. Doc.

BROOKLINE CO-OPERATIVE BANK, BROOKLINE.
1

HARVARD STREET.

Incorporated March 13, 1895.
N a th a n ie l C o n an t , President.

Began business May 2, 1895.

E mery B. M oore , Secretary.

E mery B. M oore , Treasurer.

Board of Directors: C. A. B ow ditcii , W . L. C a m e , C. A. D e la n o , W . S. K emp , M. J. O’H e a r n , W . D.
P a in e , E. A. R obart , J W . Sh ields , C. A W . Spencer , R . S. Sw a n .
Security Committee: W. S. K em p , C. A. D e la n o , M. J. O ’H e a r n , E. A. R obart , J. W. Sh iel d s ,
C. A. B ow ditch .
Auditors: T . W . N e ss , E . B . G ib b s , R . J. L o g a n .
Regular meetings for receipt of moneys the first Thursday in each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid fines
Cash
.
.
.
.

Liabilities.

.

$359,669
18,722
5,410
972
98
26,122

00
00
00
73
68
79

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.

.
.

$329,738
63,254
4,750
13,252

.

$410,995 20

$410,995 20

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
75
00
45

Membership.

.

.
.

1,444
756
28
80
6,750
2,001

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

159
81
740
175

Profits Distributed.

First term, 2)^%, second term, 2A % .
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

143 real estate loans (average, $2,515.16 each; average rate, 5.52%): 5 Yffc. $343,409; 6%, $16,260.
62 share loans (average, $301.96 each; average rate, 5A%): 5 lA %, $18,722.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$1,100.00
$493.85
2.68

1.20

Total.
$1,593.85
3.88

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

$80,694 00
5,600 00
9,700
51,825
11,885
500
20,525
665
2
757
5
6
14,766

00
00
00
00
77
75
00
56
42
24
02

$196,932 76
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$24,924
171
11,755
3,034
21
4,268
106,959
11,945
5,910
131
1,603
64
8
13
26,122

00
00
00
86
65
79
00
00
00
67
85
15
00
00
79

$196,932 76

D ate

of

E x a m in a t io n ,


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

October 16, 17, 18.

33

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force Total Value.
$23,057 19
10 $197 07
117
Nov. 1899
84
1S6 26
15,645 84
May 1900
11
25
4,393 00
12
175 72
Nov. 1900
165 47
252
41,698 44
13
May 1901
183
28,447 35
Nov. 1901
14
155 45
140
20,399 40
15
145 71
May 1902
15,392 86
113
16
136 22
Nov. 1902
126 94
102
12,947 88
17
Mav 1903
104
12,259 52
18
117 88
Nov. 1903
109 06
156
17,013 36
19
Mav 1904
174
17,481 78
20
100 47
Nov. 1904
13,997 68
92 09
152
May 1905
21
20,641 86
246
22
83 91
Nov. 1905
10,098 69
75 93
133
May 1906
23
22,012 45
323
24
68 15
Nov. 1906
12,291 65
203
60 55
25
May 1907
18,545 86
349
26
53 14
Nov. 1907
16,891 20
368
27
45 90
May 1908
16,977 45
437
28
38 85
Nov. 1908
451
14,418 47
29
31 97
May 1909
545
13,761 25
25 25
Nov. 1909
30
14,473 80
774
31
18 70
May 1910
7,078 25
32
12 31
575
Nov. 1910
744
4,523 52
6 08
May 1911
33
Dues paid in advance .

481 00
$394,929 75

Dues capital
Profits capital
Unpaid dues

$329,738 00
63,254 75
1,937 00
$394,929 75

34

REPORT OF THE

[Pub. Doc,

CAMBRIDGE CO-OPERATIVE BANK, CAMBRIDGE.
307 CAMBRIDGE STREET, EAST CAMBRIDGE.

Incorporated September 5, 1877.
F eed A. O b e b , President.

Began business September 12, 1877.

D a n ie l B. Sh augh nessy , Jr., Treasurer.
D a n ie l B. Sh au gh nessy , Jr., Secretary.

Board of Directors: W. J. B b itt , J. S. C ondinh o , W. P. C ooter , P. F. D u n n , G. S. K e e l e r , J. S.
K e n n e y , J. P. M c C a b e , J. P. M c C ormick , P. F. M c G e a r y , H. M. M o n ta gu e .
Security Committee: H. M. M on tagu e , G. S. K e e le r , J. S. K e n n e y .
Auditors: E. J. M a r t in , C. J. W illia m s , J. A. G a h m .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
.
.
.
Real estate by foreclosure, etc.
Permanent expense account
Cash
.
.
.
.
.

Liabilities.

$56,300
4,330
454
100
5,623

00
00
34
00
27

Dues capital
Profits capital
Guaranty fund
Surplus
.

.
.
.
.

.
.
.

.
.

.
.

.

.
.

.
.

$66,807 61

00
29
23
09

$66,807 61

Shares.

Issued during year
Withdrawn during year
Retired during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$54,262
11,074
590
881

Membership.

.

358
121
30
1,171
357

39
14
165
54

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

First term, 2J^%; second term, 2%.\
Proportion of profits retained on voluntary withdrawals, 33J^%.

Rates and Averages on Loans, October 31, 1911.

40 real estate loans (average, $1,408.25 each; average rate, 6.04%); 6%, 147,550; 6%o%, $8,750.
20 share loans (average, $216.50 each; average rate, 6%); 6%, $4,330.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$310.00
4.64

Other Expenses.
$402.81
6.03

Total.
$712.81
10.67

35

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

$28,850 68
D is b u r s e m e n t s .

Dues capita! withdrawn
Dues capital retired
Profits capital withdrawn
Profits capital retired .
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$4,225
4,320
656
1,638
8,700
2,970
3
712

00
00
97
30
00
00
75
81
28
5,623 27

Nov.
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

Series. p^Share. in^orce. TotaIValue-

1898
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

58
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83

$210
197
186
175
165
155
145
135
126
117
108
99
91
83
75
67
60
52
45
38
31
25
18
12
6

Dues paid in advance

72
19
27
62
27
22
41
84
48
39
51
87
50
28
33
59
03
68
51
52
74
08
60
27
06

6
48
10
6
32
29
1
12
27
17
21
44
54
29
41
47
23
32
40
60
61
84
108
171
168

$1,264
9,465
1,862
1,053
5,288
4,501
145
1,630
3,414
1,995
2,278
4,394
4,941
2,415
3,088
3,176
1,380
1,685
1,820
2,311
1,936
2,106
2,008
2,098
1,018

32
12
70
72
64
38
41
08
96
63
71
28
00
12
53
73
69
76
40
20
14
72
80
17
08

00

$28,850 68

Date of Issue.

o
o

00
00
00
32
17
34
23
79
00
83

JO

$12,453
8,250
1,300
109
3,392
9
107
218
93
2,917

Dues capital
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines S
Withdrawal profits
Temporary expense
Cash on hand Oct. 31, 1910

Reconciliation of Share Account with Dues
and Profits Capital.

$67,367 29

Dues capital
Profits capital
Unpaid dues
Suspense dues

$54,262
11,074
2,017
14

00
29
00
00

$67,367 29
D ate

of

E x a m in a t io n ,


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

December 18, 19.

36

REPO RT OF THE

[Pub. Doc.

CAMPELLO CO-OPERATIVE BANK, BROCKTON.
1106 M AIN STREET.

Incorporated October 3, 1877.
E dw ard H. K e ith , President.

Began business October 8, 1877.

W arren T. C opeland , Secretary.

W a rr e n T. C opeland , Treasurer.

Board of Directors: C. H. C ole , L. T. C opeland , W. T. C opeland , T. F. C r ow e l l , A. E. C u sh in g ,
H a rry D u n ba r , E. B. F a n n in g , F. R. H a y w a r d , M. E. H olmes , G. M. H ow ar d , E. A. K e ith ,
E. H. K e ith , A. B. M arston , 3d, W. T. Pa ck a r d , F. W. P a r k , H. C. R ip l e y , W. H. R ollins ,
F. M . W a d e .
Security Committee: H . C. R ip l e y , F. R . H a y w a r d , M . E . H olmes .
Auditors: C. M. R ip le y , C. W. D a il e y , H. W. N y e .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate .
Loans on shares .
Common form mortgages
Unpaid fines
Permanent expense account
Temporary expense account
Real estate sales under agre<
Equity of redemption .
Cash

Liabilities.

.

s

$774,610
27,200
5,110
202
100
163
3,022
327
16,110

00
00
00
18
00
60
20
04
80

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
Interest
.
.
.
.
Premiums .
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited share account

.
.
.
.
.
.

$826,845 82

00
50
00
41
39
15
25
540 03
42 09

$826,845 82

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$684,511
123,168
5,600
12,043
939
1

Membership.

.
.

4,878
2,642
701
61
. 17,921
. 4,482

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

327
217
1,724
463

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

426 real estate loans (average, $1,818.33 each; average rate, 6.03%); 6%, $706,860; 6%o%, $67,750.
60 share loans (average, $453.33 each; average rate, 6%): 6%, $27,200.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,045.00
2.47

Other Expenses.
$363.75
.44

Total.
$2,408.75
2.91

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
Interest
.
.
.
.
.
Premiums .
.
.
.
.
Fines
.
Transfer fees
.
.
.
.
Withdrawal profits
Temporary expense
Real estate agreements
Cash on hand Oct. 31, 1910

$203,603 00
11,650
183,900
39,450
3,920
47,602
245
1,202
7
2,325
128
1,419
9,888

00
00
00
00
61
96
20
50
03
00
50
84

$505,342 64
D isbursem ents .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Equity of redemption .
Cash on hand Oct. 31, 1911

.
.

$73,454
74,456
8,723
9,389
21,010
3,499
254,820
39,150
1,992
2,408
327
16,110

00
00
00
79
81
62
00
00
83
75
04
80

$505,342 64

37

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Value
Series. per
Share.
38 $197 12
39
185 90
40
174 92
41
164 15
42
153 68
43
143 49
44
133 58
45
123 94
46
114 52
47
105 35
48
96 41
49
87 71
50
79 25
51
71 04
63 07
52
55 33
53
47 82
54
55
40 52
56
33 44
57
26 56
58
19 88
59
13 40
60
7 11
61
1 00

Dues paid in advance .

Shares
in Force. Total Value.
20
$3,942 40
34
6,320 60
24
4,198 08
38
6,237 70
39
5,993 52
37
5,309 13
645
86,159 10
530
65,688 20
599
68,597 48
389
40,981 15
524
50,518 84
464
40,697 44
820
64,985 00
637
45,252 48
883
55,690 81
864
47,805 12
792
37,873 44
757
30,673 64
1,178
39,392 32
1,241
32,960 96
1,657
32,941 16
1,635
21,909 00
2,163
15,378 93
1,951
1,951 00
838 00
$812,295 50

Dues capital
Profits capital
Unpaid dues

$684,511 00
123,168 50
4,616 00
$812,295 50

D ate of E x a m in a tio n , July 3, 5, 6, 7, 8.


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

38

REPO RT OF THE

[Pub. Doc.

CANTON CO-OPERATIVE BANK, CANTON.
537 W ASHINGTON STREET.

Incorporated January 10, 1891.
J oseph W. W att le s , President.

Began business February 10, 1891.

James E . G rim es , Secretary.

Ja m es E. G rim es , Treasurer.

Board of Directors: L. A. B illin gs , R obert B ir d , P . F. B r ad y , E . C . B r itt o n , W . S . D raper , John
E v erett , M. H . G a ll ig a n , P. M. L e a v it t , G . B. L oud , H ugh M cPh er son , J. B . R obinson ,
L. E . Sm ith , F. D . Sum ner .

Security Committee: J. W . W a t t l e s , J. B. R obin so n , R obert B ir d .
Auditors: E. L. C h a s e , S. C. O w e n , E. C. W entw or th .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Cash
.
.
.
.

.

$349,070
17,850
2,550
13,777
2,482
140
250
212
3,233

00
00
00
26
50
50
00
50
25

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Premiums .
Fines
Transfer fees
Withdrawal profits
Forfeiture profits
Forfeited share account
Matured share account

.

$389,568 01

$308,761
65,129
3,939
2,059
5,876
296
232
1
446
14
6
2,802

00
39
00
98
05
85
46
75
63
10
00
80

$389,566 01

(

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

.
.
.
.
.

Membership.

.
.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.

.

1,431
727
13
125
6,520
2,130

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

126
68
863
276

Profits Distributed.

First term, 3}4s%; second term, 3hs%Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

271 real estate loans (average, $1,288.08 each; average rate, 6.29%); 6%, $5,500; 6.30%, $343,570.
24 share loans (average, $743.75 each; average rate, 6.30%): 6.30, $17,850.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets


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

Salaries.
$600.00
1.54

Other Expenses.
$217.30
.55

Total.
$817.30
2.09

39

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.

Date of Issue. Series.

R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
foreclosure
.
.
.
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
.
Premiums .
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Foifeited share account
Matured share account
Personal accounts
Taxes
.
Surplus
.
.
.
.
.
Cash on hand Oct. 31, 1910

$75,224 00
2,500
46,450
11,430
450
5,267
21,303
1,086
783
6
955
16
418
18,415
1,308
53
54
2,614

00
00
00
00
55
55
10
18
50
53
80
38
46
40
28
07
75

$188,337 55
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Personal accounts
.
Surplus
.
.
.
.
Taxes
.
.
.
.
Cash on hand Oct. 31, 1911

.
.
.

.
.

$26,021
368
17,250
3,818
67
7,770
90,900
14,410
1,000
4,287
234
817
418
15,612
1,408
667
53
3,233

00
00
00
17
18
44
00
00
00
59
35
30
38
66
40
55
28
25

$188,337 55
D a te of E xam in a tio n , February 21, 23, 24.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.

1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42

Value
$191
179
168
157
147
137
127
117
108
99
90
81
73
65
57
49
42
35
28
21
15
9
3

Dues paid in advance .

26
73
57
72
20
01
07
45
07
01
21
66
37
31
49
94
60
48
57
90
41
11
00

Shares
m AV/1
103
83
109
71
141
173
170
146
213
266
166
325
239
354
277
369
329
373
344
423
555
598
693

Total Value.
$19,699
14,917
18,374
11,198
20,755
23,702
21,601
17,147
23,018
26,336
14,974
26,539
17,535
23,119
15,924
18,427
14,015
13,234
9,828
9,263
8,552
5,447
2,079

78
59
13
12
20
73
90
70
91
66
86
50
43
74
73
86
40
04
OS
70
55
78
00

991 00
$376,686 39

Dues capital
Profits capital
Unpaid dues

$308,761 00
65,129 39
2,796 00
$376,686 39

*

REPORT OF THE

40

[Pub. Doc,

CHELSEA CO-OPERATIVE BANK, CHELSEA.
419 BROADW AY.

Incorporated October 25, 1910.
T homas B. F rost , President.

Began business November 2, 1910.

G eobge I. M. H a y e s , Secretary.

G eobge I. M. H a y e s , Treasurer.

Board of Directors: G. H. A k in s , J. E . B e c k , A. W . B r o w n , F. A. C h e n e y , J. M. C u r l e y , T . F .
D biscoll , F. B. E mebson , W . E . F osteb , W . S. F b a c k e b , T homas H e n b y , W . S. H ix o n , D. A.
O ’B b ie n , S. H. R o b ie , W allace S pooneb , D. H. Su l l iv a n , W . H. T a y l o e , F eed T h e is e ,
R. S. W entw or th .
Security Committee: W . S. H ix o n , R. S. W en t w o e t h . D, H , S u l l iv a n .
Auditors: J. M. C u b le y , W . E. F oster , E . C. F arr in gto n ,
Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash
.
.
.
.

Liabilities.

$11,400
65
1
15
155
4,049

00
00
00
16
00
00

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account

.
.
.
.

$15,685 16

00
78
14
24
00

$15,685 16

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$15,153
491
5
5
30

.
.

1,664
174
25
1,465
103

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

207
24
183
13

Profits Distributed.

First term, 1J^%; second term, VA%; third term,
1^ % ; fourth term, l lA % .
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

11
2

real estate loans (average, $1,036.36 each; average rate, 6%): 6%, $11,400.
share loans (average, $32.50 each; average rate, 6%): 6%, $65.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$86.40
5.51

Total.
-$86.40
5.51

41

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 ll.

Date of Issue. Series. Value

R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account

.
.

$16,175
5,950
10
546
41

00
00
00
62
65
75
4 74
85
30 00

$22,759 61
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.

$992
30
18
3
17,350
75
241
4,049

00
00
86
35
00
00
40
00

$22,759 61

D ate of E x a m in a tio n , October 13.


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

Reconciliation of iShare Account with Dues
and Profits Capital.

Nov.
Feb.
May
Aug.

1910
1911
1911
1911

1
2
3
4

$12
9
6
3

Dues paid in advance .

40
23
11
03

Shares
1,119
125
ITO

111

Total Value.
$13,875
1,153
672
336

60
75
10
33

13 00
$16,050 78

Dues capital
Profits capital
Unpaid dues

$15,153 00
491 78
406 00
$16,050 78

42

REPO RT OF THE

[Pub. Doc.

CHICOPEE CO-OPERATIVE BANK, CHICOPEE.
EXCHANGE STREET.

Incorporated June 12, 1909.
C harles C. A b b e y , President.

Began business August 3, 1909.

Joseph R . H a sting s , Secretary.

L e w is I. H ow ar d , Treasurer.

Board of Directors: C. C. A b b e y , F. M . B e e sl e y , James C rompton , S. E. F letcher , L. I. H o w a r d ,
J. R . H asting s , C . H . L eonar d , D uffield M il e s , D e n n is M ur ph y , F. M . N ichols , P. C .
P ond , P atrick R o u r k e .

Security Committee: P atrick R o u r k e , F. M . N ichols , D uffield M il es .
Auditors: J. P. K ir b y , A. R. M a r t in , F. D. H ow ar d .
Regular meetings for receipt of moneys the first Tuesday of each month.

STATEMENT OF CONDITION. OCTOBER 31. 1911.
Assets.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Permanent expense account
.
Temporary expense account
.
C a s h .......................................

Liabilities.

$25,675 00
475 00
229 97
42 41
17 99

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
.
.

.
.
.
.
.
.

$26,440 37

$26,440 37

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$25,330 00
789 74
10 57
290 20
8 50
11 36

Membership.

640
216
1,525
192

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

107
32
242
18

Profits Distributed.

First term, 2Ys% ; second term, 2M%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 20% on
series from 5 to 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years
old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

14 real estate loans (average, $1,833.93 each; average rate, 5.07%); 5%, $23,775; 6%, $1,900.
4 share loans (average, $118.75 each; average rate, 6%); 6%, $475.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$218.37
8.25

Total.
$218.37
8.25

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
Fines
Transfer fees
Withdrawal profits
Cash on hand Oct. 31, 1910

$15,942
1,500
100
899
28

00
00
00
84
42
50
20 03
38 11

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per Share. in Force. Total Value.
567
$15,921 36
$28 08
1
Aug. 1909
1,862 25
75
2
24 83
Nov. 1909
66
1,285 68
19 48
April 1910
3
3,405 21
223
15 27
Aug. 1910
4
332
3,011 24
9 07
5
Feb. 1911
262
786 00
3 00
Aug. 1911
6
Dues paid in advance .

$18,528 90
, D isbursements .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$2,940
77
14,800
475
148
70
17

00
54
00
00
37
00
99

$18,528 90
D a te op E x a m in a t io n , November 15.


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

43

23 00

$26,294 74
Dues capital
Profits capital
Unpaid dues

$25,330 00
789 74
175 00

$26,294 74

44

REPORT OF THE

[Pub. Doc.

CITIZENS’ CO-OPERATIVE BANK, HAVERHILL.
81 M ERRIM ACK STREET.

Incorporated August 22, 1887.
G eorge H. C ar l e to n , President.

Began business September 12, 1887.

James W. G o o d w in , Secretary.

James W. G o o dw in , Treasurer.

Board of Directors: A. M. A l le n , G. H . C arleto n , J. W. G o o d w in , W. W. Spaulding , J. M. St over ,
P. C. Sw e t t , E. W. B. T a yl o r , O liver T a yl o r .
Security Committee: J. M. St ov er , P. C. Sw e t t , J. W. G o o d w in .
Auditors: W. H. F loyd , C. A. P in g r e e , G. M. N orwood .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid fines
Temporary expense account
Cash
.
.
.
.

Liabilities.

.

$340,725
13,900
68
228
3,153

00
00
36
32
45

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund
Surplus
.
.
.
.
Interest
.
.
.
.
Withdrawal profits
Forfeiture profits
Forfeited share account
Matured share account
Personal accounts

.
.
.
.

$358,075 13

00
02
00
85
72
31
83
05
10
25

$358,075 13

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$291,077
49,231
2,425
8,009
590
88
23
319
6,179
131

Membership.

.
.
.
.

1,979
1,228
159
7,131
2,444

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

228
139
846
271

Profits Distributed.

First term, 2% % ; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 10%; three earliest series paid in full.

Rates and Averages on Loans, October 31, 1911.

224 real estate loans (average, $1,521.09 each; average rate, 5.72%): 5%, $92,935; 5J^%, $3,610; 6%,
$244,180.
80 share loans (average, $173.75 each; average rate, 5.91%): 5%, $1,250; 6%, $12,650.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,199.84
6.14

Other Expenses.
Total.
$253.10
$2,452.94
.71
6.85

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
Fines
.
Withdrawal profits
Forfeited profits .
.
.
.
Matured share account
Cash on hand Oct. 31, 1910

$82,683 00
3,200
65,485
8,950
19,307
335
408
123
20,562
314

00
00
00
68
55
93
32
00
50

$201,374 98
D isbursem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Temporary expense
Matured share account
Cash on hand Oct. 31, 1911

.

.$44,800
23,850
4,890
8,834
87,675
11,335
2,452
14,382
3,153

00
00
96
73
00
00
94
90
45

$201,374 98

45

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Value
Shares
Series. per
Share. in Force. Total Value.
25 $196 03
74
$14,506 22
26
185 55
81
15,029 55
27
175 24
69
12,091 56
28
165 27
70
11,568 90
29
155 46
114
17,722 44
30
146 01
110
16,061 10
31
136 74
71
9,708 54
32
127 62
115
14,676 30
33
118 68
111
13,173 48
34
109 98
105
, 11,547 90
114
35
101 44
11,564 16
36
93 11
114
10,614 54
84 99
37
238
20,227 62
38
77 06
196
15,103 76
39
69 25
367
25,414 75
40
61 64
310
19,108 40
41
54 21
252
13,660 92
42
16,721 32
46 97
356
43
39 91
400
15,964 00
44
33 03
468
15,458 04
45
26 31
421
11,076 51
46
19 75
614
12,126 50
47
13 35
608
8,116 80
48
7 09 1,019
7,224 71
49
1 00
734
734 00

Dues paid in advance .

3,749 00
$342,951 02

Dues capital
Profits capital
Unpaid dues

$291,077 00
49,231 02
2,643 00
$342,951 02

D a te of E x a m in a tio n , December 19, 20, 21,


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

46

[Pub. Doc

REPORT OF THE

CITY CO-OPERATIVE BANK, HOLYOKE.
380 HIGH STREET.

■>

Incorporated July 16, 1889.

D a n ie l P r o u l x , President.

Began business July 23, 1889.

P ierre B onvouloir , Secretary.

P ierre B onvouloih , Treasurer.

Board of Directors: Sa m ue l B a il , W . G. B eatjdro, L. T. B e a u lie u , L ouis B ib e a u , S. J. B onvouloir ,
J. E. B rindamour , T. J. C arm ody , O. E. G en e st , A. F. G ing ras , C harles G randchamp , L. A.
L a fr a nc e , H . J. L ap or te , J oseph M a ss e , J. J. P h e w , H omer St e b b e in .

Security Committee: D a n ie l P r o u l x , L. T. B e a u l ie u , A. F. G ingras .
Auditors: J. D . G oddu , V alere D ucharm e , Joseph M arch and .
Regular meetings for receipt of moneys the fourth Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER] 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Unpaid fines
.
.
.
.
Temporary expense account
Interest on shares matured .
Cash
.
.
.
.
.

'

$251,575
11,160
988
73
549
101
4,945

00
00
51
37
27
04
44

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited share account
Security committee

.
.
.
.
.
.
.

00
42
00
76
74
79
00
26
66
00

$269,392 63

$269,392 63

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$224,348
35,172
3,100
1,469
4,780
101
1
303
67
48

.
.
.
.

1,631
1,139
2
109
5,390
1,756

161
108
721
248

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

First term, 2)^%; second term, 2J^%
Proportion of profits retained on voluntary withdrawals, 20% on series less than 6 years old; 15% on
series 6 to 8 years old; 10% on series 8 to 10 years old; 5% on series 10 to 12 years old; after 12
years, none.
Rates and Averages on Loans, October 31, 1911.

213 real estate loans (average, $1,181.10 each; average rate, 5.34%): 5%, $80,075; 5J^%, $171,500.
67 share loans (average, $166.56 each; average rate, 5.75%): 5%, $2,700; 6%, $8,460.

[Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,199.26
.......................................
4.45

Other Expenses.
$576.78
2.14

Total.
$1,776.04
6.59

47

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
Fines
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account
Security committee
Cash on hand Oct. 31, 1910

$63,028 00
200
56,875
12,750
13,774
264
4
820
1

67
126
5,146

00
00
00
22
93
00
79
52
66
00
00

$153,058 12
D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.

$41,420
62
16,023
5,769
7
5,818
68,900
8,095
241
1,776
4,945

00
00
00
06
60
18
00
00
80
04
44

Reconciliation of Share Account with Dues
and Profits Capital.

Date o: Issue.
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Value
Shares
Series. per
Share. in Force
27
23 *190 20
24
179 55
58
169 18
95
25
41
26
159 13
149 36
120
27
139 86
61
28
106
29
130 58
121 57
101
30
112 82
152
31
32
104 25
91
217
95 90
33
117
34
87 73
134
35
79 78
155
36
71 99
128
37
64 41
153
38
57 00
290
39
49 79
42 74
157
40
273
41
35 89
42
29 19
409
22 66
500
43
539
44
16 29
788
45
10 07
678
46
4 00

Dues paid in advance

Total Value.
$5,135
10,413
16,072
6,524
17,923
8,531
13,841
12,278
17,148
9,486
20,810
10,264
10,690
11,158
8,244
8,721
14,439
6,710
9,797
11,938
11,330
8,780
7,935
2,712

40
90
10
33
20
46
48
57
64
75
30
41
52
45
48
00
10
18
97
71
00
31
16
00

386 00
$261,274 42

$153,058 12

Dues capital
Profits capital
Unpaid dues

$224,348 00
35,172 42
1,754 00
$261,274 42

D ate of E x am in a tio n , July 13, 14.


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

[Pub. Doc.

REPORT OF THE

48

CLINTON CO-OPERATIVE BANK, CLINTON.
36

HIGH STREET.

Incorporated September 23, 1887.
C harles L. Ste v e n s , President.

Began business October 20, 1887.

W alter R. D a m e , Secretary.

T homas S. D a v is , Treasurer.

Board of Directors: J. H . B odman , W. R. D a m e , T. S. D a v is , D avid D ia s , G . S. G ibso n , C. H . H ast ­
in g s , N . L. H o w e , W. L. H u b ba r d , E. H . Ja q u it h , W. O. Johnson , R. F. P a tt e r so n , J. J.
P h ilb in , A. R. Stev e nson , C. L. Ste v e n s , F. F. W a llace .
Security Committee: C. L. St ev e n s , G. S. G ib so n , N . L. H o w e .
Auditors: W. L. L itch field , L. C. A y e r s , I. J. F lagg .
Regular meetings for receipt of moneys the third Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

.

$378,488
10,615
1,447
127
12
159

52
00
04
92
83
33

.

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeiture profits
Forfeited share account
Matured share account
Personal accounts
Security committee

5
1,020
23
9

00
94
10
06
80
32
83
90
74
95
00
00

$390,850 64

$390,850 64

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$318,991
55,392
3,126
10,440
1,666
68
105

.
.
.
.

1,584
1,231
28
72
6,880
2,233

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

183
161
814
270

Profits Distributed.

First term, 2%%-, second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

258 real estate loans (average, $1,467 each; average rate, 5%): 5%, $378,488.
37 share loans (average, $286.89 each; average rate, 5%): 5%, $10,615.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$910.00
2.33

Other Expenses.
Total.
$644.67
$1,554.67
1.65
3.98

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Matured share account
Personal accounts
Security committee
Insurance and taxes paid
Cash on hand Oct. 31, 1910

$79,485 00
2,261 48
2,300
53,367
11,200
18,803
854
2
562
5

1,020
23
106
143
4,357

00
18
00
91
70
50
35
32
95
00
50
19
73

$174,493 81
D isbursements .

Dues capital withdrawn
Dues capital forfeited
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Temporary expense
Matured share account
Security committee
Insurance and taxes
Cash on hand Oct. 31, 1911

$45,968
398
10,795
6,294
27
3,905
93,392
11,775
1,554
13
111
100
159

00
00
00
06
66
18
18
00
67
71
00
02
33

$174,493 81
D a te of E xam in a tio n , June 22, 23.


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

49

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
41
$7,970 81
25 $194 41
Oct. 1899
17,098 05
April 1900
26
183 85
93
25,004 16
173 64
144
27
Oct. 1900
18,495 84
113
April 1901
28
163 68
119
18,326 00
29
154 00
Oct. 1901
23,850 75
144 55
165
April 1902
30
19,766 94
146
135 39
Oct. 1902
31
17,444 58
32
126 41
138
April 1903
13,053 60
117 60
111
33
Oct. 1903
72
7,847 28
April 1904
34
108 99
16,094 40
100 59
160
Oct. 1904
35
92 35
22,718 10
April 1905
36
246
13,402 11
84 29
159
37
Oct. 1905
18,799 32
246
April 1906
76 42
38
17,869 80
260
39
68 73
Oct. 1906
21,794 32
61 22
356
April 1907
40
324
17,457 12
41
53 88
Oct. 1907
14,900 49
42
319
April 1908
46 71
39 71
309
12,270 39
Oct. 1908
43
44
32 87
473
15,547 51
April 1909
355
9,297 45
45
26 19
Oct. 1909
13,965 70
19 67
710
April 1910
46
7,647 50
13 30
575
47
Oct. 1910
734
5,196 72
7 08
April 1911
48
512 00
512
49
1 00
Oct. 1911
Dues paid in advance .

265 00
$376,595 94

Dues capital
Profits capital
Unpaid dues

$318,991 00
55,392 94
2,212 00
$376,595 94

50

REPO RT OF THE

[Pub. Doc.

COLUMBIAN CO-OPERATIVE BANK, CAMBRIDGE.
763 MASSACHUSETTS AVENUE.

Incorporated May 6, 1892.
W illiam W . D a llingeh , President.

Began business June 6, 1892.

H erbert H. D t e r , Secretary.

H erbert H. D y e r , Treasurer.

Board of Directors: W. E . B ur r age , E . L. C h e n e y , W . W . D a llingeh , J. A. Dow, H. H. D y e r , W. F.
E a r l e , S. R. L ancaster , H. L. L incoln , H. B . M cI n tir e , C. H. M ontague , I. S. P e a r , G eorge
W aym outh .

Security Committee: J. A. Dow, C. H. M o n ta gu e , H. L. L incoln , S. R. L a nc aster , W . E. B urrage .
Auditors: W . F. E a r l e , G eorge W aym o u t h , H. B . M cI n t ir e , I. S. P e a r .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Cash
.
.
.
.

$312,822
8,345
7,475
689
98
9,794

84
00
00
45
84
82

Dues capital
.
.
.
Profits capital
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account

.
.
.

$278,356
51,312
2,639
6,850
67

00
13
57
48
77

$339,225 95

$339,225 95

M embership.

Shares.

.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
PledgedJJct. 31, 1911 .

1,158
807
129
5,561
1,785

.
.

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

116
86
659
142

Profits Distributed.

First term, 2J^%; second term, 2J^%
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

124 real estate loans (average, $2,522.76 each; average rate, 5%): 5%, $312,822.84.
39 share loans (average, $213.97 each; average rate, 5 %): 5%, $8,345.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.
.

.
.

.
.

.

.
.

.
.

Salaries.
1,125.00
3.32

Other Expenses.
Total.
$264.65
$1,389.65
.78
4.10

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Cash on hand Oct. 31, 1910

$67,568

00

8 ,2 0 0

00

32,152 2 0
4,295 00
129 0 0
16,193 37
2 0 2 63
50
863 61
5,103 47
$134,707 78

D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.
.

$28,480
19,121
3,459
6,741
59,183
5,960
577
1,389
9,794

00
00

43
72
54
00
62
65
82

$134,707 78

51

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Nov. 1899
16 $196 25
79
$15,503 75
May 1900
17
185 49
53
9,830 97
Nov. 1900
18
175 04
100
17,504 00
May 1901
19
164 86
104
17,145 44
Nov. 1901
20
154 97
83
12,862 51
May 1902
21
145 23
133
19,315 59
22
Nov. 1902
135 82
113
15,347 66
May 1903
23
126 55
58
7,339 90
Nov. 1903
24
117 55
179
21,041 45
May 1904
25
108 77
75
8,157 75
Nov. 1904
26
100 19
180
18,034 20
May 1905
27
91 84
270
24,796 80
Nov. 1905
28
83 69
176
14,729 44
May 1906
29
75 74
226
17,117 24
Nov. 1906
30
67 99
249
16,929 51
31
May 1907
60 41
198
11,961 18
Nov. 1907
32
53 01
260
13,782 60
45 81
May 1908
33
333
15,254 73
Nov. 1908
34
38 78
285
11,052 30
35
May 1909
31 93
345
11,015 85
Nov. 1909
36
25 23
623
15,718 29
May 1910
37
IS 70
351
6,563 70
12 32
Nov. 1910
38
545
6,714 40
May 1911
39
6 09
543
3,306 87
Dues paid in advance .

334 00
$331,360 13

Dues capital
Profits capital
Unpaid dues

$278,356 00
51,312 13
1,692 00
$331,360 13

D ate

of

E x a m in a t io n ,


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

June 22, 23, 24, 26.

52

REPO RT OF THE

[Pub. Doc,

DANVERS CO-OPERATIVE BANK, DANVERS.
15 MAPLE STREET.

Incorporated August 22, 1892.
Jasper M a rsh , President.

Began business August 29, 1892.

H a rr y M. W il k in s , Secretary.

H a b r y M. W il k in s , Treasurer.

Board of Directors: L. S. C ouch , H . E. Ja ck son , F. W. M absh , W. C. N ickerso n , J. E. N ightin ­
ga le , M. C. P e tting ill , A. E. P e r k in s .
Security Committee: L. S. C ouch , F. W. M a rsh , W. C . N ickerson .
Auditors: W. P. H ood , C. H . I n g al ls , S. E. G il le tt e .
Regular meetings for receipt of moneys the last Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31. 1911.
Assets.

Liabilities.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Unpaid premiums
.
.
.
Unpaid fines
.
.
.
.
Permanent expense account
.
Temporary expense account
.
C a s h .......................................

$113,010 00
5,010 00
359 77
3 85
46 25
250 00
142 99
539 22

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Premiums
Fines .
Withdrawal profits

. $102,689
13,650
350
936
1,618
19
45
53

$119,362 08

$119,362 08

Shares.

Issued during year
.
Withdrawn during year
Matured during year
.
In force Oct. 31, 1911
.
Pledged Oct. 31, 1911
.

00
54
00
21
13
65
35
20

Membership.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

551
355
18
2,625
702

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

73
47
374
87

Profits Distributed.

First term, 2 ^ % ; second term, 2J^%.
Proportion of profits retained

voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

74 real estate loans (average, $1,527.16 each; average rate, 5.49%); 5.30%, $18,010; 5.50%, $91,350;
6.30%, $3,650.
21 share loans (average, $238.57 each; average rate, 5.50%); 5.50%, $5,010.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$366.64
3.07

Other Expenses.
$272.22
2.28

Total.
$638.86
5.35

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Temporary expense
Cash on hand Oct. 31, 1910

.
.
.
.

$30,906
16,450
1,657
6,155
90
155

00
00
00
68
95
70
25
186 34
75 00
951 97

$56,628 89
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.

$14,911
2,700
2,840
919
32,350
1,730
638
539

00
00
53
28
00
00
86
22

$56,628 89

53

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
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.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Total Value.
$193
183
173
164
155
145
136
128
119
111
102
94
86
78
70
63
56
48
41
34
28
21
15
9
3

Dues paid in advance

64
57
78
36
08
98
97
10
56
09
64
49
55
67
94
42
03
82
79
93
22
69
31
08
00

13
15
5
18
15
35
39
53
45
29
36
30
63
74
58
156
90
171
119
274
161
374
235
322
195

$2,517
2,753
868
2,958
2,326
5,109
5,341
6,789
5,380
3,221
3,695
2,834
5,452
5,821
4,114
9,893
5,042
8,348
4,973
9,570
4,543
8,112
3,597
2,923
585

32
55
90
48
20
30
83
30
20
61
04
70
65
58
52
52
70
22
01
82
42
06
85
76
00

442 00
$117,217 54

Dues capital
Profits capital
Unpaid dues

$102,689 00
13,650 54
878 00
$117,217 54

D a t e o f E x a m in a t io n ,


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

October 18, 19.

REPORT OF TH E

54

[Pub. Doc,

DEAN CO-OPERATIVE RANK, FRANKLIN.
M AIN STREET.

Incorporated June 15, 1889.
E lisha P. C h ap m a n , President.

Began business July 2, 1889.

O bestes T. D o e , Secretary.

O eestes T. D oe , Treasurer.

Board of Directors: E. P. C h apm an , A. B. C h ilson , J. F. G e b , H. W. H osie , C. B. H utch inson , J. T.
H utch inson , A. H. M a n n , A. C. M a so n , N . C. N y e , J. M. Supple , P. A. W oodw ard , E. A.
Y oung .

Security Committee: J. T. H utch inson , A. B. C h ilson , P. A. W oodw ard .
Auditors: A. H. M a r t in , M . J. C ostello .
Regular meetings for receipt of moneys the first Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Less amount due

$93,600 00
. 200 00
------------Loan on shares .
.
.
.
Temporary expense account
.
Insurance and taxes paid
.
.
Cash
.
.
.
.
.

$93,400 00
3,250 00
160 00
28 80
1,134 30

$78,429
11,180
1,115
5,271
1,797
7
45
125

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account

$97,973 10

$97,973 10

Membership.

Shares.

Issued during year
.
Withdrawn during year
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.
.
.

00
64
94
50
06
56
45
95

.
.
.
.
.

.
.

. 5 7 6
.
220
.
119
2,108
655

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.
.
.

.

.
.
.

.
.
.
.

38
11
232
61

Profits Distributed.

First term, ‘¿Vi% ; second term, 2}i% .
Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

67 real estate loans (average, $1,394.03 each; average rate, 5.98%); 5%, $1,800; 6%, $91,600.
11 share loans (average, $295.45 each; average rate, 6%): 6%, $3,250.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$550.00
5.61

Other Expenses.
$57.50
.59

Total.
$607.50
6.20

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
..
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Tax claims .
.
.
.
.
Cash on hand Oct. 31, 1910

.
.
.
.

$24,281
17,050
4,325
5,654
54
3
120
139
6,697

00
00
00
65
46
00
32
70
53

$58,325 66
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$9,666
17,136
1,333
6,770
17,013
4,200
607
464
1,134

00
00
07
60
42
00
50
77
30

55

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Jan.
July
Jan.
July
Jan.
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July

1900
1900
1901
1901
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

23 $193 77
182 98
24
172 46
25
162 17
26
152 20
27
29
133 07
30
123 62
31
114 54
32
105 66
33
97 05
34
88 68
80 56
35
72 63
36
37
64 89
38
57 36
39
50 03
42 90
40
41
35 98
42
29 25
43
22 70
44
16 31
45
10 08
4 00
46

$58,325 66

Dues paid in adv;ance .

inSf c
29
28
5
5
13
16
17
60
50
25
7
55
72
124
72
154
133
124
98
265
219
386
151

Total Value.
$5,619
5,123
862
810
1,978
2,129
2,101
6,872
5,283
2,426
620
4,430
5,229
8,046
4,129
7,704
5,705
4,461
2,866
6,015
3,571
3,890
604

33
44
30
85
60
12
54
40
00
25
76
SO
36
36
92
62
70
52
50
50
89
83
OO

149 00
$90,633 64

Dues capital
Profits capital
Unpaid dues

.

$78,429 00
11,180 64
1,024 00
$90,633 64

D ate

of

E x a m in a t io n ,


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

March 16.

REPORT OF THE

56

[Pub. Doc,

DEDHAM CO-OPERATIVE BANK, DEDHAM.
31 H IGH STREET, EAST DEDHAM.

Incorporated February 11, 1886.
F r an k W . P o w e r , President.

Began business February 16, 1886.

F. H. V a le n t in e , Secretary.

T homas P. M u r r a y , Treasurer.

Board of Directors: H . R. A le x a n d e r , W . W . B a k e r , C. R. B r o w n , E. N. C a rtw r igh t , A . C.
H ibbard , F. W . P o w e r , G. T. Staples , J. Sw e e n e y , John W a r d le , Jr., C . H . W in sh m a n ,
O. W. W ith ington .
Security Committee: John W a rd le , Jr., O. W. W it h in g to n , A. C. H ib b a r d .
Auditors: F. W. P o w e r , C. R. B r o w n , A. C. H ib bard .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Less amount due

$324,675 00
9,052 10

$315,622
11,475
1,900
1,008
76
116
11,579

Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid premiums
Unpaid fines
Cash

90
00
00
28
50
16
20

$278,463
52,949
1,922
8,074
341
26

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Suspense account

$341,778 04

$341,778 04

M embership.

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year .
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.
.
.

00
93
44
93
24
50

.

.
.
.
.
.

.

.
.
.
.
.

.

2,346
928
30
96
7,244
2,068

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

313
159
915
287

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

241 real estate loans (average, $1,347.19 each; average rate, 6.30%): 6.30%, $315,622.90.
101 share loans (average, $113.61 each; average rate, 6.43%); 6.30%, $7,525; 6.40%, $1,600; 6 50%,
$700; 6.60%, $790; 6.80%, $225; 7%, $125; 7.20%, $400; 7.80%, $35; 8.60%, $75.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$969.00
2.76

Other Expenses.
Total.
$360.17
$1,329.17
1.02
3.78

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited profits .
Temporary expense
Forfeited share account
Suspense account
Profits capital
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

$82,508 00
4,100 00
800
34,950
6,195
25,700
4,100
18,670
952
533
1,082
40
¿47
341
29

00
00
00
00
00
39
55
82
95
54
49
24
10
20
1 40
11,496 21

$191,648 89

57

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1900
1900
1901
1901.
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

$197
186
174
163
153
142
132
122
113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

93
25
91
90
21
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10

Shares
46
46
101
47
113
104
84
59
142
97
145
161
169
440
412
384
367
411
520
522
701
765
1,408

$9,104
8,567
17,665
7,703
17,312
14,854
11,151
7,254
16,111
10,110
13,814
13,937
13,203
30,769
25,531
20,828
17,153
16,218
16,842
13,321
13,213
9,470
8,588

78
50
91
30
73
32
00
64
32
31
15
77
97
20
64
16
58
06
80
44
85
70
80

D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Suspense account
Surplus
.
.
.
.
Fines
.
.
.
.
Premiums .
.
.
.
Cash on hand Oct. 31, 1911

$30,315
937
13,548
4,359
162
5,753
96,850
5,600
16,647
4,100
289
1,476
30

00
00
00
08
08
28
00
00
90
00
96
66
00
20
05
48
11,579 20

$191,648 39

D ate

of

E x a m in a t io n ,


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

September 7, 8, 9.

Dues paid in advance .

371 00
$333,100 93

Dues capital
Profits capital
Unpaid dues

$278,463 00
52,949 93
1,688 00
$333,100 93

/

REPO RT OF THE

58

[Pub. Doc.

DORCHESTER CO-OPERATIVE BANK, BOSTON.
596 COLUMBIA ROAD (DORCHESTER DISTRICT).

Incorporated August 21, 1890.
L a b a n P r at t , President.

Began business September 10, 1890.

P in c k n e y H olbrook , Secretary.

P in c k n e y H olbrook , Treasurer.

*

Board of Directors: C. A. B ur ditt , R. P. D e la n o , W. S. F o x , Sa m u e l G a n n e t t , H enr y H a ll ,»
I. C. H e r se y , P in c k n e y H olbrook , C. B. H um phreys , R. D. M ossman , J. H. P ie r ce , F. W.
P orter .

Security Committee: L a b a n P r at t , J. PI. P ierce , Sa m ue l G a n n e t t , W . S. F o x , R. D. M ossman .
Auditors: H. H. A lle n , F. C. B olles , N. F. Se a rs .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

$389,776
15,310
637
426
8,068

00
00
57
07
06

$343,677
54,375
6,282
6,901
2,618
122
161
64
14

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Withdrawal profits
Forfeited share account
Profit and loss

00
14
39
08
92
59
28
39
91

$414,217 70

$414,217 70

Membership.

Shares.

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

Issued during year
.
.
.
.
2,674
Withdrawn during year
.
.
. 1,480
Forfeited during year .
.
.
.
1
Matured during year .
.
.
.
155
In force Oct. 31, 1911 .
.
.
.
8,916
Pledged Oct. 31, 1 9 1 1 ............................. 2,355

237
127
.

1,060

236

Profits Distributed.

First term, 21
/%% ; second term, 2)4%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 20% on
series 5 to 6 years old, 15% on series 6 to 7 years old; 10% on series 7 to 8 years old, 5% on series
8 to 9 years old, after 9 years, none.

Rates and Averages on Loans, October 31, 1911.

191 real estate loans (average, $2,040.71 each; average rate, 5.35%): 5%, $129,597; 5H%, $240,564;
6%, $19,615.
45 share loans (average, $340.22 each; average rate, 5.43%); 5%, $2,125; 5J^%, $12,975; 6%, $210.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

.

.

.

.

Salaries.
$1,838.57
4.44

Other Expenses.
$1,108.88
2.68

Total.
$2,947.45
7.12

59

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.

R e c e ip t s .

Dues capital
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans *
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited profits .
Forfeited share account
Taxes
.
.
.
.
Profit and loss
Cash on hand Oct. 31, 1910

.

$100,620
54,110
6,937
1,500
1,980
21,294
560
590
3
25
108
8,631

00
00
00
00
00
85
60
73
31
00
00
87
51

$196,351 87
D is b u b s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Interest on matured shares .
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$42,906
3
23,109
5,487
1
8,026
86,100
11,088
7,500
507
2,947
343
274
8,068

00
00
00
12
22
25
00
00
00
79
45
50
48
06

$136,361 87

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.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Value
Shares
Series. per
Share. in Force. Total Value.
$16,208 94
82
19 $197 67
19,061 76
102
186 88
20
17,640 00
21
176 40
100
6,149 77
37
22
166 21
136
21,255 44
156 29
23
9,971 52
68
24
146 64
12,073 60
137 20
88
25
20,359 95
159
128 05
26
8,221 35
119 15
69
27
19,661 88
178
28
110 46
192
19,593
60
102
05
29
207
19,410 39
93 77
30
92
219
18,763
68
31
85
13,454 21
173
32
77 77
17,925 12
256
33
70 02
302
18,871 98
62 49
34
17,356 50
315
55 10
35
22,398 48
468
36
47 86
16,609 67
407
40 81
37
27,144 00
800
33 93
38
14,246
52
523
27 24
39
20,679 30
999
20 70
40
68
11,848
828
41
14 31
9,550 56
42
8 08 1,182
2,052
00
1,026
2 00
43

Dues paid in advance .

803 00
$401,312 14

Dues capital
Profits capital
Unpaid dues

,

$343,677 00
54,375 14
3,260 00
$401,312 14

D ate

of

E x a m in a t io n ,


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

December 5, 6, 7, 8, 9.

60

REPO RT OF THE

[Pub. Doc.

EAST TAUNTON CO-OPERATIVE BANK, TAUNTON.
REAR OF MIDDLEBORO AVENUE (EAST TAUNTON).

Incorporated November 12, 1909.
A rthur E. R o bbin s , President.

Began business November 15, 1909.

A lbert H. C h ace , Secretary.

A lbert H. C h ac e , Treasurer.

Board of Directors: C. R. B a rsto w , R. J. B elcher , B. S. B osw orth , E. M. S. C h an dler , P. H.
C orr , L uther D e a n , H. K. D e a n , F rederick L ud lam , M. J. M itch ell , J. B. M ur ph y , C. D.
P eir ce , H. H. R obinson , C. W . S a nde r s , G. L. W a l k e r , C. W . Y oung .
Security Committee: A . E. R obbin s , E. M . S. C h an dler , C . S. H a r t .
Auditor: F. M . H oard .
Regular meetings for receipt of moneys first Monday on or after the fifteenth of each month.

STATEMENT OF CONDITION. OCTOBER 31. 1911.
Liabilities.

Assets.

Loans on real estate .
.
.
$24,300 00
Loans on shares .
.
.
.
180 00
Unpaid interest .
.
.
.
30 00
Permanent expense account
.
133 73
C a s h ......................
2,039
94

Dues capital
Profits capital
Guaranty fund
Surplus
.
Forfeited share

.
.
.

.
.

.
.

.

.
.
.
account

.
.

.
.

$25,503 00
1,014 20
11 82
130 65
24 00

.

.

.

$26,683 67

$26,683 67

Shares.

Issued during year
.
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.

Membership.

.

.
.
.

.

.
.
.

.

282
170
1,261
156

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.
.
.
.

.

.
.
.

.
.

.
.

28
16
142
14

Profits Distributed.

First term, 2% ; second term, 23^%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

12 real estate loans (average, $2,025 each; average rate, 5.92%): 5 VA’/o, $4,000; 6%, $20,300.
2 share loans (average, $90 each; average rate, 6%): 6%, $180.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$100.00
3.74

Other Expenses.
$132.55
4.97

Total.
$232.55
8.71

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Cash on hand Oct. 31, 1910

$15,301
3,800
1,079
25

00
00
36
70
75
1,223 27

61

Reconciliation of Share Account w ith Dues
and Profits Capital.

Date of Issue.
Nov,
May
Nov.
May

1909
1910
1910
1911

Value
Shares
Series. per
Share. in Force. Total Value.
1
$25 04
765
$19,155 60
2
18 62
269
5,008 78
12 30
153
3
1,881 90
74
4
6 08
449 92

Dues paid in advance .

135 00

$21,430 08
$26,631 20
D is b u b s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$1,642
25
17,300
180
132

00
59
00
00
55

110 00

2,039 94
$21,430 08

D ate

of

E x a m in a t io n ,


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

November 10.

Dues capital
Profits capital
Unpaid dues

$25,503 00
1,014 20
114 00
$26,631 20

62

[Pub. Doc.

REPO RT OF THE

ECONOMY CO-OPERATIVE BANK, MERRIMAC.
M ERRIMAC SQUARE.

Incorporated July 26, 1889.
R obert O. P a t t e n , President.

Began business August 12, 1889.

C lifton B. H e a th , Secretary.

C lifton B . H e a th , Treasurer.

Board of Directors: C. I. C h urch ill , F. S. H a r d w ic k , C. B. H e a th , G. G. H oyt , Z e n a s L ovell ,
C. W. M orrell , R. O. P a t t e n , F. F. P h ilb ric k , A. W. Sa w y e r , F. C. W illia m s .
Security Committee: F. S. H a r d w ic k , C. W. M orrell , C. I. C hurchill .
Auditors: J. F. B r a d y , H . W. H a l e , C. A. F ollansbee .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Cash

$40,650
1,535
131
7
18
104
4,955

00
00
06
70
84
26
68

Dues capital
.
Profits capital .
Guaranty fund .
Surplus
.
.
Interest
.
.
Premiums .
.
Fines
.
.
Withdrawal profits

.
.
.
.

.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

00
72
11
58
14
70
32
97

$47,402 54

$47,402 54

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$38,017
6,415
911
1,348
640
35
26
7

Membership.

65
106
834
307

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

8
14
162
61

Profits Distributed.

First term, 3% ; second term, 2.95%.
Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

53 real estate loans (average, $766.98 each; average rate, 6%): 6%, $40,650.
12 share loans (average, $127.91 each; average rate, 6%): 6%, $1,535.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$200.00
4.21

Other Expenses.
$106.43
2.25

Total.
$306.43
6.46

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

$10,079
5,200
60
2,387
128
87
.

00
00
00
92
50
40
25
28 38
1,634 88

$19,606 23
D is b u r s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pX

R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
Premiums .
Fines
.
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
■Cash on hand Oct. 31, 1910

$2,726
283
10,650
685
306
4,955

00
22
00
00
43
68

$19,606 33

63

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.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

eare_ iflS^

21 $199 38
22
188 83
178 42
23
168 28
24
158 39
25
148 71
26
27
139 30
130 15
28
121 16
29
30
112 42
31
103 68
32
95 55
87 40
33
79 47
34
35
71 57
64 06
36
37
56 62
49 34
38
42 23
39
40
35 26
41
28 46
42
21 83
43
15 38
44
9 10
45
3 00

Dues paid in advance

16
5
11
7
13
10
5
9
26
42
7
18
11
27
19
33
27
15
43
87
109
108
135
31
20

Total Value.
$3,190
944
1,962
1,177
2,059
1,487
696
1,171
3,150
4,721
725
1,719
961
2,145
1,359
2,113
1,528
740
1,815
3,067
3,102
2,357
2,076
282
60

08
15
62
96
07
10
50
35
16
64
76
90
40
69
83
98
74
10
89
62
14
64
30
10
00

27 00
$44,644 72

Dues capital
Profits capital
Unpaid dues

$38,017 00
6,415 72
212 00
$44,644 72

D a te op E x a m in a tio n , May 19, 20.


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

64

REPO RT OF THE

[Pub. Doc,

ENTERPRISE CO-OPERATIVE BANK, BOSTON.
271 M ERIDIAN STREET (EAST BOSTON DISTRICT).

Incorporated March 31, 1888.
C harles

T.

W it t ,

President.

Began business April 3, 1888.

R o b e r t F . Jo r d a n ,

Secretary.

R o b e r t F . Jo r d a n ,

Treasurer.

Board of Directors:

F . E. D i m i c k , W . E. F o s t e r , R. J. G o v e , T. B. G r i m e s , F . P. G u r n e y , A. R .
H o o p e r , E b e n H u t c h i n s o n , R. F . J o r d a n , T h o m a s K e l l o u g h , R. F . K e o u g h , W . T . K e o u g h ,
M c K i e , W i l l i a m M c K i e , C. A. T i l d e n , C. T. W i t t .

L. B.

Security Committee: C. A.
Auditors: S.

T il d e n ,

C. T.

W it t ,

R. F.

Jo r d an .

H . M a y o , W . E . F oster, F . P . G u r n e y .

Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid fines
Temporary expense account
Cash
.
.
.
.

Liabilities.

.

$587,900
32,950
5,516
127
393
15,010

00
00
83
74
36
85

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Transfer fees
Withdrawal profits
Forfeited share account
Security committee

.

$641,898 78

00
98
00
41
19
25
280 37
253 78
30 80

$641,898 78

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$511,244
100,169
11,900
16,854
1,165

Membership.

.
.

2,220
1,309
9
191
120
. 10,053
. 3,873

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

225
146
1,094
341

Profits Distributed.

First term, 2 ^ % ; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

308 real estate loans (average, $1,908.76 each; average rate, 5.59%): 5%, $240,800; 6%, $347,100.
133 share loans (average, $247.74 each; average rate, 5.89%): 5%, $3,575; 6%, $29,375.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,835.00
4.42

Other Expenses.
$1,143.88
1.78

Total.
$3,978.88
6.20

65

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Date of Issue. Series.

R eceipts .

Dues capital
Real estate 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
Security committee
Tax titles .
.
.
.
Cash on hand Oct. 31, 1910

$117,288 00
6,800
107,225
15,975
2,499
860
35,206
1,448
7
2,185

00
00
00
96
45
00
06
50
67
8 26
149 00
37,349 66
24,207 85
55 00
189 11
18,153 12

$369,607 64
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Retired share account .
Matured share account
Tax titles
.
Security committee
Cash on hand Oct. 31, 1911

$51,570
145
27,432
17,644
8,167
16
9,570
6,367
147,625
19,300
100
544
3,978
37
37,746
24,207
109
35
15,010

00
00
00
00
02
21
28
05
00
00
96
18
88
26
44
85
51
15
85

$369,607 64
D ate op E x a m in a tio n , March 20, 21, 22, 23.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Oct.
April
Oct.
April
Oct.
April
Oct.
April
OctApril
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

Total Value.
$197
187
176
166
156
146
137
128
118

95
19
64
41
45
70
23

93
84
76
69
61
54
46
39
32
26
19
13
7

15
96
98
19
59
17
94

00
93
110 12
101 54

88

99
28
73
33
09

1 00

Dues paid in advance .

166
229
137

220

77
249
227
262
162
313
261
355
369
440
409
544
415
363
445
442
654
734
853
1,187
540

$32,859
42,866
24,199
36,610
12,046
36,528
31,151
33,536
19,266
34,467
26,501
33,068
31,350
33,871
28,298
33,504
22,480
17,039
17,746
14,581
17,187
14,481
11,370
8,415
540
940

70
51

68
20
65
30

21
00
66

56
94
25
24

20
71
96
55

22

60
58

12

82
49
83

00
00

$614,910 98

Dues capital
Profits capital
Unpaid dues

$511,244 00
100,169 98
3,497 00
$614,910 98

66

REPORT OF THE

[Pub. Doc.

EQUITABLE CO-OPERATIVE BANK, LYNN.
145 MUNROE STREET.

Incorporated October 2, 1877.
A lbion B artlett , President.

Began business October 8, 1877.

E d w in C. L e w is , Secretary.

E d w in C. L e w is , Treasurer.

Board of Directors: J. E. B lanchard , W. R. C l ar k , H. W. H ow ar d , C harles L eigh to n , W. P.
L e w is , C. L. L ong , F. L. P e r k in s , J. C. F. P h in n e y , F. J. R ichards , Z. L. S eym our , G. E.
S t ev e n s , D . A . S uther lan d , A . B. T olm an .

Security Committee: W. R. C lark , C. L. L ong , W. P. L e w is .
Auditors: F. L. D am o n , J. W . H a in e s , E . B. F r aser .
Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.

Assets.
Loans on real estate
Loans on shares .
Unpaid interest .
Permanent expense account
Temporary expense account
.
.
.
.
Cash

Liabilities.

$2,169,213
81,296
3,906
1,088
497
35,221

59
00
64
93
55
86

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Forfeited share account
Personal accounts
.

$1,967,804
275,234
11,500
24,080
10,258
310
.

.

.

.

$2,291,224 57

$2,291,224 57

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year .
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.

.
.

.

.
.

.
.

.
.

00
95
00
35
55
58
50
2,034 64
1 00

.
.

.
.

.
.

17,941
. 11,249
42
. 3 7 5
58,091
15,713

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.
.
.
.

.
.
.
.

.
.
.

1,872
1,268
6,451
1,565

Profits Distributed.

First term, 2J^%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

1,299 real estate loans (average, $1,669.91 each; average rate,
$288,925.61; 53^%. $339,885.08; 5M%, $98,815; 6%, $53,300;
$2,750; 7%, $1,684.50.
613 share loans (average, $132.61 each; average rate, 5.49%);
$36,046; 5 %%, $14,158; 6%, $7,859; 6 H%, $855; 6H%, $407;

5.18%); 5%, $1,370,818.40; 514%,
6J4%, $6,625; 6 V2% , $6,410; 6H%,
5%, $13,820; 5JL%, $8,136; 5 Vi%,
7%, $15.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$5,506.50
2.40

Other Expenses.
$1,397.58
.61

Total.
$6,904.08
3.01

67

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Cash on hand Oct. 31, 1910

$645,399
5,800
288,251
79,497
109,085
2,679
16
598
1,930
1,638
35
57,947

00
00
84
00
34
41
50

00

23
16

00
26

$1,192,877 74
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn ' .
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1911

$298,640
1,756
55,456
32,009
532
19,758
654,490
84,401
933
7,502
537
1,638
35,221

00
00
00
41
20
75
75

00

75
08
78
16

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
44 $197 69
Oct. 1899
186 96
April 1900
45
176 49
46
Oct. 1900
166 28
April 1901
47
156 32
48
Oct. 1901
April 1902
49
146 60
137 12
Oct. 1902
50
April 1903
127 87
51
52
118 84
Oct. 1903
April 1904
53
110 03
54
101 44
Oct. 1904
April 1905
55
93 06
Oct. 1905
56
84 88
April 1906
57
76 90
58
69 12
Oct. 1906
April 1907
59
61 53
54 12
Oct. 1907
60
April 1908
61
46 89
62
39 84
Oct. 1908
32 96
April 1909
63
64
26 25
Oct. 1909
April 1910
65
19 70
Oct. 1910
66 13 31
67
April 1911
7 08
1 00
68
Oct. 1911
pues paid in advance .

3,282

00

$2,252,377 95

86

$1,192,877 74

Shares
in Force. Total Value.
226
$44,677 94
249
46,553 04
406
71,654 94
40,904 88
246
423
66,123 36
205
30,053 00
222
30,440 64
265
33,885 55
363
43,138 92
913
100,457 39
132,277 76
1,304
1,383
128,701 98
151,935 20
1,790
135,190 20
1,758
1,979
136,788 48
2,417
148,718 01
2,796
151,319 52
2,567
120,366 63
2,767
110,237 28
138,234 24
4,194
135,450 00
5,160
100,923 10
5,123
6,647
88,471 57
7,879
55,783 32
6,809
6,809 00

Dues capital
Profits capital
Unpaid dues
Suspense dues

. $1,967,804 00
275,234 95
9,300 00
39 00
$2,252,377 95

D ate op E x am in a tio n , January 23, 24, 25, 26, 27, 28, 30, 31.


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

68

[Pub. Doc.

REPORT OF THE

EQUITY CO-OPERATIVE BANK, WORCESTER.
380 M AIN STREET.

Incorporated February 9, 1887.
D a n ie l P a e l in , President.

Began business March 17, 1887.

G eokge O. B r idges , Secretary.

G eobge 0 . B k idges , Treasurer.

Board of Directors: D avid A e m itag e , H a rr y B a lla ed , E . J. B a r d w e ll , A lexa n d e e B elisle , G . W .
B rooks , H. E . F a ye r w e a th e r , E . B. G lasgow , G . F. H a l l , G. H. H a y n e s , J. J. H iggins ,
U egel Jacques , H. A . M o w e e , N . G. W illiam s .
Security Committee: E . J. B a b d w e ll , U egel Jacques , G . O. B ridges .
Auditors: J. B. R a t ig a n , C. F. H u n t , C. C. W in n .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Temporary expense account
Cash
.
.
.
.

.

$866,000
32,890
3,225
344
16,108

00
00
32
28
34

Dues capital
.
.
.
.
Profits capital
.
.
.
.
Guaranty fund .
.
.
.
Surplus
.
.
Interest
.
.
.
„
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Forfeited share account
Security committee

00
96
00
72
30
91
6 00
75 49
38 56

$918,567 94

$918,567 94

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$746,420
148,845
5,750
12,233
4,800
397

Membership.

.
.

3,339
1,884
26
957
. 16,595
. 5,240

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

256
197
1,722
426

Profits Distributed.

First term, 2)4%; second term, 2)4%.
Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

348 real estate loans (average, $2,488.51 each; average rate, 5.36%): 5%, $477,300; 5)4%, $41,000; 5)4,
$31,000; 5)4%, *16,600; 5)4%, $26,600; 5)4%. $8,050; 5)4%, *25,000: 5)4%, *4,400; 6%, $199,975;
6) 4%, $12,625; 6)4%, *1,500; 6)4%, *5,700; 6)4%, $5,400; 6)4%, $1,400; 6 )4%, *3,400; 7%,$1,500;
7) 4%, *350; 7)4%, «600; 7)4%, *400; 7%%, $2,500; 8%, $700.
I l l share loans (average, $296.31 each; average rate, 5.36%); 5%, $15,250; 5)4%, $4,450; 5)4%, $2,000;
5)4%, *1,600; 5)4%, «450; 5)4%, *450; 5)4%, $450; 5%%, $1,100; 6%, $4,490; 6)4%, *900; 6)4%,
$50; 6)4%, $250; 6)4%, $950; 6)4%, *200; 7%, $250; 7)4%, $50.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

.

.

.

.

Salaries.
$1,725.97
1.88

Other Expenses.
$611.53
.66

Total.
$2,337.50
2.54

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1 9 ll.
R eceipts .

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 profits .
.
.
.
Forfeited share account
Suspense account
.
i
Security committee
Taxes and insurance
Cash on hand Oct. 31, 1910

$195,444 00
3,750
126,400
31,470
3,411
49,542
1,712
21
880
8
506
596
141
23
23,809

00
00
00
64
19
60
00
40
73
75
55
50
87
42

$437,718 65
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Real estate loans
Share loans
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Security committee
Taxes and insurance .
Cash on hand Oct. 31, 1911

.
.

$66,079
515
126,856
10,187
78
49,555
138,250
20,800
4,169
2,100
2,337
. 506
150
23
16,108

00
00
00
90
36
94
00
00
12
83
50
75
04
87
34

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
Mar. 1900
27 $198 90
28
187 18
Sept. 1900
175 90
Mar. 1901
29
164 86
30
Sept. 1901
Mar. 1902
154 20
31
32
143 85
Sept. 1902
Mar. 1903
133 78
33
124 02
34
Sept. 1903
35
114 59
Mar. 1904
105 40
36
Sept. 1904
96 47
Mar. 1905
37
87 84
38
Sept. 1905
Mar. 1906
39
79 46
40
71 34
Sept. 1906
Mar. 1907
41
63 45
42
55 79
Sept. 1907
Mar. 1908
43
48 36
44
41 16
Sept. 1908
Mar. 1909
45
34 15
27 36
46
Sept. 1909
Mar. 1910
47
20 76
14 34
Sept. 1910
48
Mar. 1911
49
8 09
2 00
50
Sept. 1911

Shares
in Force. Total Value.
126
$25,061 40
114
21,338 52
293
51,538 70
322
53,084 92
454
70,006 80
335
48,189 75
398
53,244 44
297
36,833 94
434
49,732 06
241
25,401 40
375
36,176 25
306
26,879 04
552
43,861 92
515
36,740 10
619
39,275 55
775
43,237 25
1,055
51,019 80
1,096
45,111 36
1,089
37,189 35
1,460
39,945 60
1,512
31,389 12
1,336
19,158 24
1,605
12,984 45
1,286
2,572 00

Suspense dues
Dues paid in advance

29 00
1,010 00
$901,010 96

Dues capital
Profits capital
Unpaid dues

$437,718 65
D a te of E x am in a tio n , May 1, 2, 4, 5, 8, 11, 12.


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

69

.

$746,420 00
148,845 96
5,745 00
$901,010 96

70

REPO RT OF THE

[Pub. Doc.

EUREKA CO-OPERATIVE BANK, BOSTON.
930 TREMONT STREET.

Incorporated August 2, 1910.
G ilbert C. H a rr is , President.

Began business September 1, 1910.

D avid E. C raw fo rd , Secretary.

D a vid E. C r aw fo rd , Treasurer.

Board of Directors: J. E. A t u s , G. F. B etts , G. W. B r o w n , W. H. H e m in g w a y , L. M. H olmes , S. M.
H ox te r , S. L. M erchant , G. N. R a in e y , R. G. Sm ith , C. A. W a r d , A. G. W atson , E. J.
W inston .

Security Committee: C. A. W a r d , S. L. M erchant , J. A. C raw fo rd .
Auditor: F. F. Sm ith .
Regular meetings for receipt of moneys first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Cash

Liabilities.

$1,800 00
153 00
2,017 46

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Premiums .
Fines

$3,881
34
5
13
28

00
33
00
89
46
80
6 98

$3,970 46

Shares.
Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$3,970 46

Membership.

325
80
464
42

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

September, 1911, 1%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

1 real estate loan (average, $1,800 average rate, 6%): 6%, $1,800.
6 share loans (average, $25.50 each; average rate, 6%): 6%, $153.


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

96
20

149
7

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
.
.
.
.
Share loans repaid
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Surplus
.
Cash on hand Oct. 31, 1910

.
.
.

$3,663
50
77
2
8

00
00
48
80
90
70
512 28

$4,315 16

71

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Sept.
Dec.
Mar.
June
Sept.

1910
1910
1911
1911
1911

1
2
3
4
5

$14 11
11 08
8 05
5 02
2 00

Special deposit .
Dues paid in advance .

Shares
in Force. Total Value.
187
$2,638 57
118
1,307 44
60
483 00
66
331 32
33
66 00
225 00
172 00
$5,223 33

D isbursem ents .

Dues capita! withdrawn
Real estate loans
./
Share loans
.
.
.
.
Profits capital .
.
.
Cash on hand Oct. 31, 1911 .

.

$294 00
1,800 00
203 00
70
2,017 46
$4,315 16

D ate of E x a m in a tio n , September 8.


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

Dues capital
Profits capital
Unpaid dues

$3,881 00
34 33
1,308 00
$5,223 33

REPORT OF THE

72

[Pub. Doc.

EVERETT CO-OPERATIVE BANK, EVERETT.
449 BROADW AY.

Incorporated September 24, 1890.
C harles F. W a sh bu r n , President.

Began business October 14, 1890.

E rnest R. F a l l , Secretary.

E rnest R. F a ll , Treasurer.

Board of Directors: D. P. B a il e y , M. P. H a r v e y , G. E. H u n t , C. B. L ad d , J. H. L a r k in , C. C. N ichols ,
G. W. P l aisted , W. J. R ockw ood , W. C. S im e s , P. C. W e e k s .
Security Committee: C. F. W a sh b u r n , C. B. L ad d , E. R. F a ll .
Auditors: J. W. A rmington , F. B. M cC u n e , F. F. Sk in n e r .
Regular meetings for receipt of moneys the third Monday of each month.

OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid fines
Permanent expense account
Temporary expense account
Cash
.
.
.
.

Liabilities.

$125,300.00
8,447 00
25 75
500 00
103 00
4,813 54

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited share account
Personal accounts

.
.
.
.
.
.

$139,189 29

00
10
00
22
68
25
11 31
31 73
20 00

$139,189 29

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Retired during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$117,693
17,215
1,700
2,141
376

Membership.

.

.

1,920
578
7
62
4,199
837

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

268
75
598
88

Profits Distributed.

First term, 2}4%; second term, 2]4%.
Proportion of profits retained on voluntary withdrawals, 15% on series first 5 years; 10% on series
next succeeding 3 years; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

68 real estate loans (average, $1,842.65 each; average rate, 5.46%): 5%, $67,400; 6%, $57,900.
38 share loans (average, $222.29 each; average rate, 5.66%): 5%, $2,847; 6%, $5,600.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$466.74
3.35

Other Expenses.
$427.63
3.07

Total.
$894.37
6.42

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

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 profits .
Forfeited share account
Retired share account .
Personal accounts
Adjustment account
Cash on hand Oct. 31, 1910

$43,544 00
1,200
1,800
4,457
1,250
6,862
190
1
155
1
44
12,456
20

00
00
00
00
35
77
50
60
76
70
60
00
75
7,171 60

$79,156 63
D isbu esem ents .

Dues capital withdrawn
Dues capital forfeited
Dues capital retired
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Retired share account .
Personal accounts
Surplus account .
Adjustment account
Cash on hand Oct. 31, 1911

$14,595
143
9,087
1,472
11
3,229
26,800
4,057
1,236
• 140
894
129
12,457

00
00
00
23
46
14
00
00
00
46
37
75
35
76
88 77
80
4,813 54

$79,156 63

D ate op E xam in a tio n , January 9.


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

73

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue, fSeries. per
Share. in Force. Total Value.
19 $197 11
15
Oct. 1899
$2,956 65
14
April 1900
20
186 47
2,610 58
21
176 02
20
3,520 40
Oct. 1900
22
5
April 1901
165 86
829 30
52
23
155 98
Oct. 1901
8,110 96
146 34
43
April 1902
24
6,292 62
59
25
136 92
Oct. 1902
8,078 28
42
26
127 70
April 1903
5,363 40
39
27
118 73
Oct. 1903
4,630 47
April 1904
110 00
30
28
3,300 00
52
29
101 42
5,273 84
Oct. 1904
93 04
69
6,419 76
April 1905
30
84 89
106
31
Oct. 1905
8,998 34
April 1906
32
76 94
60
4,616 40
69 15
33
75
Oct. 1906
5,186 25
61 56
112
April 1907
34
6,894 72
35
54 16
45
Oct. 1907
2,437 20
46 94
April 1908
36
80
3,755 20
37
39 89
133
5,305 37
Oct. 1908
April 1909
38
33 01
238
7,856 38
39
26 29
259
Oct. 1909
6,809 11
19 73
552
April 1910
40
10,890 96
1910
41
13
33
533
Oct.
7,104 89
42
7 09 1,078
April 1911
7,643 02
43
1 00
488
Oct. 1911
488 00
Dues paid in advance .

.

323 00
$135,695 10

Dues capital
Profits capital
Unpaid dues

$117,693 00
17,215 10
787 00
$135,695 10

74

REPO RT OP THE

[Pub. Doc.

FALL RIVER CO-OPERATIVE BANK, FALL RIVER.
29-33 BEDFORD STREET.

Incorporated December 1, 1888.
E ric W. B orden , President.

Began business December 12, 1888.

F r an k E. W estgate , Secretary.

R odolphus N. A llen , Treasurer.

Board of Directors: Jefferson B orden , Jr., C. A. B r o w n , C. E. B u r y , E. J. F ren ch , T homas H in d l e ,
A. H . H ood , John I sherwood , E. B. Jen n in g s , G. O. L ath rop , A. N. L in c o ln , H enr y L or d ,
E . B. L ovell , F. J. M cL a n e , J. A. P ea rso n , I. N. Sm ith .
Security Committee: B. D . D a v o l , I. N. S m ith , H enry L ord .
Auditors: H. M. H a t h a w a y , M. R. B r o w n , R. W. B u r r e ll .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION,
*

OCTOBER 31, 1911.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Cash
.
.
.
.

Liabilities.

.

$660,250
13,750
6,300
2,031
229
3,380

00
00
00
52
16
85

Dues capital
Profits capital
Guaranty fund
Surplus
.
Interest
.
Fines
.
Forfeited share

.
.
.

.
.
.

.
.
.
.
.
.
account

.
.
.
.
.
.

.
.
.
.
.
.

$585,941 53

00
44
89
39
14
67
00

$685,941 53

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$564,521
79,877
5,579
29,113
6,702
133
14

Membership.

.
.

5,990
4,007
15
66
89
. 17,350
. 4,243

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

488
328
1,806
452

Profits Distributed.

First term, 2}4% ; second term, 2lA % .

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

413 real estate loans (average, $1,598.66 each; average rate, 5.50%): 5H%. $660,250.
61 share loans (average, $225.40 each; average rate, 5.57%): 5 A% , $11,750; 6%, $2,000.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,673.96
.......................................
2.44

Other Expenses.
Total.
$1,273.10
$2,947.06
1.85
4.29

BAN K COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Personal accounts
Cash on hand Oct. 31, 1910

$195,474 00
3,000 00
800
201,050
10,450
200
321
37,676
681
164
1,045

00
00
00
00
39
54
18
12
96

$450,863 19
D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Personal accounts
Cash on hand Oct. 31, 1911

$123,806
855
9,586
13,202
15,750
299
3,328
4,697
251,850
16,400
2,324
500
2,947
1,041
894
3,380

00
00
00
00
28
25
91
38
00
00
00
84
06
50
12
85

$450,863 19

D ate of E x a m in a tio n , December 26.


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

75

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
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.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
190S
1909
1909
1910
1910
1911
1911

Value
Series. per
Share.
23 $198 70
24
187 95
25
177 48
26
167 27
27
157 31
147 59
28
29
138 11
128 87
30
31
119 84
32
111 03
33
102 44
34
94 06
85 88
35
36
77 90
37
70 12
62 53
38
39
55 12
40
47 89
41
40 84
42
33 96
43
27 25
44
20 70
45
14 31
46
8 08
47
2 00

Dues paid in advance .

Shares
in Force. Total Value.
88
$17,485 60
62
11,652 90
160
28,396 80
13,214 33
79
153
24,068 43
16,825 26
114
108
14,915 88
25,129 65
195
24,447 36
204
281
31,199 43
14,034 28
137
170
15,990 20
229
19,666 52
395
30,770 50
532
37,303 84
775
48,460 75
673
37,095 76
791
37,880 99
858
35,040 72
1,312
44,555 52
993
27,059 25
1,950
40,365 00
1,601
22,910 31
2,852
23,044 16
2,638
5,276 00
394 00
$647,183 44

Dues capital
Profits capital
Unpaid dues

$564,521 00
79,877 44
2,785 00
$647,183 44

[Pub. Doc.

REPORT OF THE

76

FARRAGUT CO-OPERATIVE BANK, BOSTON.
236 K STREET (SOUTH BOSTON DISTR ICT).

Incorporated December 30, 1909.
G uilford D. B r o w n , President.

Began business February 15, 1910.

T heodore L. K e ll y , Jr., Treasurer.
T heodore L. K e l l y , Jr., Secretary.

Board of Directors: C. H. B uc h a na n , F. R . F itzgerald , J. C. H e y e r , T . L. K e ll y , Jr., A nd r e w
K ir k , F. B. M orton , M. J. O ’L e a r y , C. W. P i k e , P. H. R a ft e r y , E. R. Sp in n e y , W. L. T ib betts ,
A . R. W ood.
Security Committee: E. R . Sp in n e y , C. W . P ik e , G. D. B r o w n , P. H. R a ft e r y , F. R . F itzgerald .
Auditors: G. L. W h iteh ousb , R obert K e r sh a w , W . D. Sanford .
Regular meetings for receipt of moneys third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.

Assets
Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash

Liabilities.

$24,300
278
42
13
219
2,272

00
00
77
19
88
98

Dues capital
Profits capital
Guaranty fund
Surplus

$25,860
1,054
16
195

$27,126 82

$27,126 82

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
86
67
29

831
371
1,683
208

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

124
64
267
21

Profits Distributed.

First term, 1M%; second term, 1M%! third term,
114%; fourth term, 1\i%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

15 real estate loans (average, $1,620 each; average rate, 5.06%): 5%, $22,900; 6%, $1,400.
5 share loans (average, $55.60 each; average rate, 6%): 6%, $278.

Total Expenses for Year.

Amount pajd for .
.
Cost per $1,000 of assets


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

Other Expenses.
$57.41
2.08

Total.
$57.41
2.08

77

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Reconciliation of Share Account w ith Dues
and Profits Capital.

Date of Issue. Series.

R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans repaid
.
Share loans repaid
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
.
.
Security committee
.
.
.
Profits capital .
.
.
.
Cash on hand Oct. 31, 1910

.
.

.
.

$18,512 00
800 00
599 00
965 00
101 39
1 00
24 53
24 00
74
6 80

Feb.
May
Nov.
Feb.
May
Aug.

1910
1910
1910
1911
1911
1911

1
2
3
4
5
6

Total Value.
$21
18
12
9
6
3

835
156
184
258
162
88

98
72
32
19
09
02

Dues paid in advance

.

.

$18,353
2,920
2,266
2,371
986
265

30
32
88
02
58
76

157 00
$27,320 86

$21,034 46
D is b u e s e m e n t s

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Permanent expense
.
.
.
.
Surplus
Cash on hand Oct. 31, 1911

$3,326
100
14,400
877
57

00
33
00
00
41
74
2,272 98

$21,034 46

D ate

op

E x a m in a t io n ,


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

October 23.

Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$25,860 00
1,054 86
406 00
$27,320 86

78

REPO RT OF THE

[Pub. Doc,

FEDERAL CO-OPERATIVE BANK, BOSTON.
161 DEVONSHIRE STREET.

Incorporated January 29, 1890.
F rancis G. W a sh b u r n , President.

Bega,n business February 6, 1890.

T homas J. B r o w n e , Secretary.

T homas J. B r o w n e , Treasurer.

Board of Directors: L. W. B lanchard , P. A. C un n in g h a m , J. L. F landers , E. F. G a l v in , J. D.
H olland , G. C. K e e n a n , D. A. M a h e r , J. W. M cG r at h , F. G. P r at t , W. J. Q u in n , J. F.
S u l liv a n , W. H . T ucker .
Security Committee: F. G. W a sh b u r n , D. F. D esmond , E. F. G a l v in , F. H. M a in e .
Auditors: E. P. Su l l iv a n , J. F. J. C o u n tie , F. G. W a sh bu r n .
Regular meetings for receipt of moneys the first Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Cash
.
.
.
.

$194,626 00
9,115 00
2,200 00

584 00
950 69
4,329 43

Dues capital
Profits capital
Guaranty fund
Surplus

$183,493
25,795
1,300
1,216

.

$211,805 12

$211,805 12

Shares.

Issued during year
.
Withdrawn during year
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.
.

00
30
00
82

Membership.

.

.
.
.
.

.

.
.
.
.

.

1,969
1,180
36
5,149
1,573

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

258
152
707

165

Profits Distributed.

First term, 2J^%; second term, Vyi%', third term,

1M%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old, after 6
years, none.

Rates and Averages on Loans, October 31, 1911.

101 real estate loans (average, $1,926.99 each; average rate, 5.43%); 5%, $113,186; 5%%, $8,150; 5%%,
$17,090; 5 M%, $5,800; 6%, $23,220; 6H%, $10,500; 6 H%, $4,280; 7%, $7,700; 7%%, $900; 7 ^ % ,
$3,600; 7M%, $200.
88 share loans (average, $103.58 each; average rate, 5.98%); 5%, $100; 6%, $9,015.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

Salaries.
$500.00
2.36

Other Expenses.
$743.10
3.50

Total.
$1,243.10
5.86

No. 8.]

BANK COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.

R eceipts.
Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages . • .
Real estate by foreclosure
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Withdrawal profits
Surplus
.
.
.
.
.
Profits capital .
.
.
.
Cash on hand Oct. 31, 1910,

$60,721 00
2,200
39,500
5,650
3,300
175
10,566
341
376
1
215
393

00
00
00
00
00
47
46
15
00
46
45

$123,439 99
D isbu bsem e nts .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Real estate by foreclosure
Temporary expense
Profit and loss .
.
.
.
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

.

$26,431
5,400
2,037
1,864
72,350
9,390
9
1,243
150
235
4,329

00
00
54
46
00
00
00
10
00
46
43

79

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
May
Nov.
May
Nov.
Nov.
May
Nov.
May
Nov.
May
Nov.
Feb.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Aug.

1899
1899
1900
1900
1901
1902
1902
1903
1903
1904
1904
1905
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Shares
Value
Series. per
Share. in Force
20 $202 42
4
21
191 93
40
22
181 73
27
5
23
171 72
152 50
25
25
52
26
143 20
134 05
30
27
28
125 12
24
116 52
29
45
30
107 91
104
121
99 57
31
32
95 45
264
33
91 40
69
34
83 39
146
75
53
35
103
36
67 86
134
37
60 33
166
52 99
38
113
39
45 82
181
40
38 81
454
41
354
31 93
42
25 23
523
471
43
18 69
44
12 30
767
45
6 07
654
46
3 02
273

Dues paid in advance .

$123,439 99

Total Value.
$809
7,677
4,906
858
3,812
7,446
4,021
3,002
5,243
11,222
12,047
25,198
6,306
12,174
7,779
9,093
10,014
5,987
8,293
17,619
11,303
13,195
8,802
9,434
3,969
824

68
20
71
60
50
40
50
88
40
64
97
80
60
94
59
24
78
87
42
74
22
29
99
10
78
46

285 00
$211,333 30

Dues capital
Profits capital
Unpaid dues

$183,493 00
25,795 30
2,045 00
$211,333 30

D a te

of

E xam in a tio n , March 8, 9.


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

80

REPO RT OF THE

[Pub. Doc,

FIDELITY CO-OPERATIVE BANK, FITCHBURG.
352 M AIN STREET.

Incorporated April 25, 1888.
Sa m ue l L. G rav e s , President.

Began business M ay 8, 1888.

W. G. H a y e s , Secretary.

W. G. H a y e s , Treasurer.

Board of Directors: G. B. B artlett , J. H. D a n ie l s , F. H. F oss , E ugene F orest , S. L. G r aves , W. G.
H a y e s , H. O. I r vin g , W. C. Johnson , J. E. K ellogg , D. H. M e r r ia m , S. W. M iller , W. E.
P u t n e y , H. F. R o c kw e ll , R. E. T homson , A. L. W a lk e r , A ugustus W ellington .
Security Committee: S. L. G r av e s , A ugustus W elling ton , F. H . F oss .
Auditors: W. A. D a v is , F. H. B r o w n , S. H. L o w e .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

$1,003,108
35,777
900
400
677
38
8,434

00
00
00
00
04
48
85

$862,506
170,598
7,160
7,433
744
331
235
326

Dues capital
Profits capital
Guaranty fund .
Surplus
1
Profit and loss / *
*
Interest
Fines
Withdrawal profits
Forfeited share account

$1,049,335 37

$1,049,335 37

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
69
00
26
01
85
36
20

.
.

3,688
2,624
43
474
595
. 16,775
. 6,485

322
359
1,752
671

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

First term, 2b£%; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

659 real estate loans (average, $1,522.17 each; average rate, 5.41%): 5%, $594,883; 6%, $408,225.
173 share loans (average, $206.80 each; average rate, 5.75%); 5%, $9,079; 6%, $26,698.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$3,065.00
.......................................
2.92

Other Expenses.
Total.
$954.23
$4,019.23
3.83
.91

BAN K COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid , .
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited profits .
Temporary expense
Matured share account
Personal accounts
Taxes and insurance
Cash on hand Oct. 31, 1910

$199,530 00
2,650 00
600
230,655
52,544
3,850
57,412
1,525
698
31
200
28,042
3,821
54
9,536

00
00
00
00
46
96
78
68
00
57
32
47
60

$591,152 84
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Taxes and insurance .
Cash on hand Oct. 31, 1911

$68,620
1,466
68,903
87,833
6,988
317
24,971
31,346
218,550
30,764
3,850
2,633
4,219
318
28,042
3,821
73
8,434

00
00
00
00
10
01
08
90
00
00
00
89
23
72
57
32
17
85

$591,152 84

D ate

op

E x a m in a t io n ,


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

April 26, 27, 28.

81

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
Sept. 1899
24 $198 64
187 90
Mar. 1900
25
26
177 44
Sept. 1900
Mar. 1901
27
167 22
157 27
Sept. 1901
28
Mar. 1902
29
147 56
138 09
Sept. 1902
30
128 84
Mar. 1903
31
119 82
32
Sept. 1903
Mar. 1904
33
111 03
102 47
34
Sept. 1904
35
94 11
Mar. 1905
85 93
36
Sept. 1905
37
77 97
Mar. 1906
38
70 18
Sept. 1906
62 61
39
Mar. 1907
55 20
40
Sept. 1907
47 96
Mar. 1908
41
42
40 90
Sept. 1908
43
34 01
Mar. 1909
44
27 29
Sept. 1909
45
20 73
Mar. 1910
14 33
46
Sept. 1910
47
8 09
Mar. 1911
2 00
48
Sept. 1911
Dues paid in advance .

Shares
in Force. Total Value.
312
$61,975 68
461
86,621 90
386
68,491 84
274
45,818 28
283
44,507 41
502
74,075 12
218
30,103 62
483
62,229 72
252
30,194 64
390
43,301 70
323
33,097 81
367
34,538 37
427
36,692 11
642
50,056 74
836
58,670 48
984
61,608 24
30,912 00
560
591
28,344 36
33,456 20
818
824
28,024 24
1,157
31,574 53
27,342 87
1,319
1,514
21,695 62
12,693 21
1,569
1,283
2,566 00
2,016 00
$1,040,608 69

Dues capital
Profits capital
Unpaid dues

$862,506 00
170,598 69
7,504 00
$1,040,608 69

REPO RT OF THE

82

[Pub. Doc.

FITCHBURG CO-OPERATIVE BANK, FITCHBURG.
129 MAIN STREET.
Incorporated October 27, 1877.
W ilbtjb B. T e n n e y , President.

Began business November 8, 1877.

W ahn ek M. A lle n , Secretary.

W a b n e b M. A l le n , Treasurer.

Board of Directors: E ben B a il e y , E. W. B a k e b , M. A. C oolldge, D. M. D illon , M ichael D onlon ,
W. W. H e n b y , J. L. Johnson , J. D. L ittleh a le , D a vid L o w e , O. M. L o w e , J. W. P ickering ,
G. V. U pton , N a th a n ie l V a b n e y .
Security Committee: A . T homson , F. L . D b u b y , N a th a n ie l V a b n e y , O. M. L o w e , D . M. D illon .
Auditors: A bt h u e P atch , H . N. B u g be e , J. N. R ic e .
Regular meetings for receipt of moneys the third Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid dues
Unpaid interest .
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

$1,387,425
49,110
9,525
2,042
11,381
8,831
89
21,276

00
CO
00
85
00
16
79
99

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Personal accounts
Advanced dues .

$1,489,681 79

00
34
00
89
44
12
00

$1,489,681 79

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$1,210,452
241,121
14,000
19,770
447
216
3,674

Membership.

.
.

6,432
3,861
134
357
602
. 23,935
. 8,756

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

699
460
2,933
1,065

Profits Distributed.

First term, 2J^%; second term, 2K%.

Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

970 real estate loans (average, $1,430.33 each; average rate, 5.66%); 5%, $468,300; 6%, $919,125.
187 share loans (average, $262.62 each; average rate, 5.87%): 5%, $6,120; 6%, $42,990.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$2,775.00
.......................................
1.86

Other Expenses.
$2,371.18
1.59

Total,
$5,146.18
3.45

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

$303,223 00
7,500
269,200
60,765
342
5,402
82,353
2,212
30
1,363
55
339
226
1,415
71,487
259
136
3,265

00
00
00
05
67
43
81
50
37
33
73
94
61
40
62
97
03

$809,579 46
D is b u r s e m e n t s .

$119,089
5,615
52,181
89,096
13,040
553
18,825
31,741
317,575
58,615
293
157
2,058
5,485
86
1,415
71,064
331
1,076
21,276

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Teller’s overs and shorts
Real estate by foreclosure .
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Taxes and insurance .
.
.
.
.
Surplus
Cash on hand Oct. 31, 1911

00
00
00
00
96
20
78
60
00
00
60
48
69
91
12
61
23
77
52
99

$809,579 46

D a t e o f E x a m in a t io n ,


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.

R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Teller’s overs and shorts
Real estate by foreclosure
Interest
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Taxes and insurance .
.
Surplus
.
Cash on hand Oct. 31, 1910

April 10, 11, 12.

*

83

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 3907
Nov. 1907
May 1908
Nov. 1908
May 1909
Nov. 1909
May 1910
Nov. 1910
May [ 1911

Value
Series. per
Share.
45 $196 79
46
186 06
47
175 61
165 42
48
49
155 41
50
145 80
51
136 33
52
127 09
53
118 10
54
109 29
55
100 71
56
92 36
57
84 18
58
76 22
59
68 42
60
60 79
61
53 35
62
46 08
63
38 98
64
32 06
65
25 32
66
18 74
67
12 33
68
6 09

Shares
in Force. Total Value.
$96,033 52
488
341
63,446 46
73,229 37
417
79,567 02
481
73,819 75
475
67,942 80
466
587
80,025 71
75,999 82
598
661
78,064 10
410
44,808 90
67,072 86
666
791
73,056 76
911
76,687 98
708
53,963 76
853
58,362 26
991
60,242 89
897
47,854 95
1,214
55,941 12
1,231
47,984 38
1,441
46,198 46
1,837
46,512 84
1,892
35,456 08
2,456
30,282 48
3,123
19,019 07
$1,451,573 34

Dues capital
Profits capital

$1,210,452 00
241,121 34
$1,451,573 34

REPORT OF THE

84

[Pub. Doc,

FOXBOROUGH CO-OPERATIVE BANK, FOXBOROUGH.
CENTRAL STREET.

Incorporated February 25, 1889.
F. A. P e tte e , President.

Began business March 19, 1889.

F rederick S. L a n e , Secretary.

F rederick S. L a n e , Treasurer.

Board of Directors: F orrest B a ssett , C. W. B em is , B. P. C rocker , D. H. F a ir b a n k , P. J. H a igis ,
A. J. H artshorn , C. H . H artshorn , T . F. M a g u ir e , H . E. N e w t o n , T homas T ie r n e y .
Security Committee: F orrest B assett , H. E. N e w t o n , A. J. H artshorn , C. H . H artsho rn .
Auditors: F. H . R ichards , H . F. G r a y , M. E. H a w e s .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Temporary„expense account
Cash
.
.
.
.

Liabilities.

.

$288,400
8,945
10,150
304
2,264

00
00
00
68
14

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Premiums .
Fines
Transfer fees
Withdrawal profits
Matured share account

.

$310,063 82

00
07
00
19
80
40
10
00
26
00

$310,063 82

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$240,445
50,458
2,500
11,277
2,089
95
51
2
145
3,000

.

.
.

1,081
650
'9
160
5,241
1,691

60
59
671
254

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oc*. 31, 1911
Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

226 real estate loans (average, $1,276.10 each; average rate, 6.26%); 6%, $45,450; [6.30%, $233,400;
6.60%, $9,550.
28 share loans (average, $319.46 each; average rate, 6.15%); 6%, $4,310: 6.30%, $4,635.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,258.00
4.06

Other Expenses.
Total.
$417.24
$1,675.24
1.34
5.40

No. 8.]

Receipts

BANK COMMISSIONER

and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Matured share account
Profit and loss
Cash on hand Oct. 31, 1910

$61,162 00
1,800 00
3,800
40,575
9,770
50
1,800
17,899
887
475
6
611
15
429
6,250
381
1,395

00
00
00
00
00
18
80
88
25
61
57
31
00
89
95

$147,310 44
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Profit and loss
Real estate expense account
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$19,420
450
22,209
2,444
71
9,717
67,500
11,015
1,650
138
1,675
429
8,051
102
149
22
2,264

00
00
00
26
73
50
00
00
40
64
24
31
44
18
60
00
14

$147,310 44

D ate

of

E x a m in a t io n ,


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

October 6, 9.

85

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Sept. 1900
24 $188 78
73
$13,780 94
Mar. 1901
25
177 29
76
13,474 04
26
Sept. 1901
166 12
69
11,462 28
Mar. 1902
27
155 34
204
31,689 36
28
144 90
104
Sept. 1902
15,069 60
Mar. 1903
29
134 76
114
15,362 64
Sept. 1903
30
124 96
88
10,996 48
Mar. 1904
31
115 46
137
15,818 02
32
106 23
Sept. 1904
175
18,590 25
Mar. 1905
33
97 27
138
13,423 26
34
Sept. 1905
88 57
113
10,008 41
Mar. 1906
35
80 13
134
10,737 42
Sept. 1906
36
71 93
209
15,033 37
Mar. 1907
37
63 97
222
14,201 34
Sept. 1907
38
56 24
305
17,153 20
Mar. 1908
39
48 74
207
10,089 18
Sept. 1908
40
41 46
299
12,396 54
Mar. 1909
41
34 39
352
12,105 28
42
Sept. 1909
27 52
308
8,476 16
Mar. 1910
43
20 85
514
10,716 90
44
14 38
Sept. 1910
455
6,542 90
Mar. 1911
45
8 10
425
3,442 50
Sept. 1911
46
2 00
520
1,040 00
Dues paid in advance .

566 00
$292,176 07

Dues capital
Profits capital
Unpaid dues

$240,445 00
50,458 07
1,273 00
$292,176 07

/

86

REPORT OF THE

[Pub. Doc.

GARDNER CO-OPERATIVE BANK, GARDNER.
CORNER PARKER AND PLEASANT STREETS.

Incorporated January 14, 1889.
Louis A. G reen w oo d , President.

Began business March 12, 1889.

H arrison G r een w oo d , Treasurer.
H arrison G r een w oo d , Secretary.

Board of Directors: E. F. B a k e r , H . E. B a l l , H osea C a r t e r , Jr., D . K . D ic ker m an , L. A. G reen ­
wo od , J. H . H a g e r , G eorge K e nda ll , H . S. K e nda ll , G. R . L o w e , J. W . M cV in e , G. E.
O ’H e a r n , H . G . P ollard , H . H . Sm ith , C. H . St ock w e ll , L. A. W righ t .
Security Committee: H. G . P ollard , H osea C a r t e r , Jr., J. H. H a g e r .
Auditors: C. C. B rooks , M. E. O sgood , E. A. C h an d l er .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.

Assets
Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid premiums
. '
Unpaid fines
Temporary expense account
Insurance and taxes paid
Cash

Liabilities.

.

\

$393,460
9,125
5,250
1,374
27
99
216
65
7,549

00
00
59
47
72
62
06
81
48

Dues capital
Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Premiums .
.
.
Fines
.
.
.
Transfer fees
.
.
Withdrawal profits
Forfeited share account

.
.
.
.
.
.
.

.
.
.
.
.
.
.

$417,168 75

$338,863
67,756
2,034
4,344
3,918
77
79

00
59
78
10
73
47
40
25
65 78
28 65

$417,168 75

Membership.

Issued during year
Withdrawn daring year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.

1,877
688
102
7,705
2,276

Added during vear
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

247
97
1,036
314

Profits Distributed.

First term, 3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

324 real estate loans (average, $1,214.38 each; average rate, 6.12%): 6.12%, $393,460.
37 share loans (average, $246.62 each; average rate, 6.12%): 6.12%, $9,125.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$960.00
2.30

Other Expenses.
$426.39
1.02

Total.
$1,386.39
3.32

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

$85,623 00

Dues capital
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
Interest
.
Premiums .
Fines
.
Transfer fees
.
.
.
.
Withdrawal profits
Surplus
.
.
.
.
.
Profits capital
.
.
.
.
Cash on hand Oct. 31, 1910

3,700
49,925
10,850
814
22,307
430
430

00
00
00
31
49
45
11
75
277 66
10
1 90
6,555 76

$180,916 53
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
Mortgages .
.
.
.
Interest
.
.
.
.
Temporary expense
Surplus
.
.
.
.
Taxes
.
Cash on hand Oct. 31, 1911

$20,780
14,544
2,775
5,884
119,735
7,565
229
399
1,386
1
65
7,549

.
.
.

00
00
95
62
00
00
08
30
39
90
81
48

$180,916 53

87

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
58
Mar. 1900
23 $198 10
$11,489 80
82
24
186 65
Sept. 1900
15,305 30
175 55
Mar. 1901
25
158
27,736 90
164 72
82
26
13,507 04
Sept. 1901
154 19
134
Mar. 1902
27
20,661 46
144 00
83
11,952 00
Sept. 1902
28
134 06
29
138
Mar. 1903
18,500 28
124 41
131
30
16,297 71
Sept. 1903
115 06
238
31
27,384 28
Mar. 1904
32
105 94
160
Sept. 1904
16,950 40
196
19,029 64
Mar. 1905
33
97 09
34
88 45
207
18,309 15
Sept. 1905
35
244
19,539 52
Mar. 1906
80 08
405
36
71 92
29,127 60
Sept. 1906
37
63 97
455
29,106 35
Mar. 1907
38
56 24
273
15,353 52
Sept. 1907
415
20,227 10
Mar. 1908
39
48 74
40
41 46
423
17,537 58
Sept. 1908
34 39
431
14,822 09
Mar. 1909
41
635
42
27 52
17,475 20
Sept. 1909
20 85
559
11,655 15
Mar. 1910
43
14 38
534
44
7,678 92
Sept. 1910
45
8 10
876
7,095 60
Mar. 1911
2 00
788
46
1,576 00
Sept. 1911
Dues paid in advance .

422 00
$408,740 59

Dues capital
Profits capital
Unpaid dues

$338,863 00
67,756 59
2,121 00
$408,740 59

D ate

of

E x a m in a t io n ,


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

July 19.

REPO RT OF THE

[Pub. Doc.

GERMANIA CO-OPERATIVE BANK, BOSTON.
18 TREMONT STREET.

Incorporated October 3, 1885.
H enr y W essling , President.

Began business October 20, 1885.

John G. K a r l e , Secretary.

M a rt in H asen fuss , Treasurer.

Board'of Directors: V a le n t in B a ie r , C harles D ir ksm eier , John F e in , J. P. G eishecker , T homas G er ­
hard , B. S. H agelstein , J. T. H agelstein , M artin H a se n fuss , F. J. H oldereid , J. G . K a r l e ,
T obias K lueber , Joseph K r an efuss , J. J. K orman , A dam L orenz , M a x M e ll e , F rancis
Sch w e n d e m a n n , John S e ibe r lic h , J. P. Spang , J. J. Step h an , J. F. W a g n e r , H enr y W essling .
Security Committee: H e n r y W essling , J. G. K a r l e , J. J. Step h an , J. P. G eishecker , T obias
K lu e be r .

Auditors: J. F. W essling , H enr y D ir ksm eier .
Regular meetings for receipt of moneys the Wednesday after third Tuesday of each month.

STATEMENT

OF CONDITION, OCTOBER 31, 1911.

Assets

Loans on real estate
Loans on shares .
Temporary expense account
Insurance and taxes paid
Cash

Liabilities.

$500,425
14,550
329
150
5,318

00
00
55
00
89

Dues capital
.
.
.
.
Profits capital
.
.
.
.
Guaranty fund
.
.
.
.
S u r p l u s .......................................
I n t e r e s t .......................................
F i n e s .......................................
Transfer fees
.
.
.
.
Withdrawal profits
.
.
.
Forfeited share account
.
.
Other liabilities
.
.
.
.

$520,773 44

$520,773 44

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$434,345 00
66,127 05
8,912 52
7,875 85
2,382 31
74 67
75
78 44
928 17
48 68

Membership.

3,528
1,929
11,227
3,146

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

410
206
1,395
313

Profits Distributed.

First term, 1K % ; second term, l}4i%; third term,
V/s%\ fourth term, 1}4%.
Proportion of profits retained on voluntary withdrawals, 25% on series not over 8 years old; after 8
years, none.

Rates and Averages on Loans, October 31, 1911.

246 real estate loans (average, $2,034.24 each; average rate, 5%): 5%, $500,425.
67 share loans (average, $217.16 each; average rate, 5.23%): 5%, $7,950; 5.50%, $6,600.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,070.00
3.97

Other Expenses.
Total.
$1,358.07
$3,428.07
2.61
6*58

BAN K COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

.

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Profits capital
Cash on hand Oct. 31, 1910

$122,751
68,450
11,150
24,660
755
5
944
1
5,636

00
00
00
52
31
25
94
00
70

$234,354 72
D is b u b s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Insurance account
Suspense account
Cash on hand Oct. 31, 1911

.
.

$78,979
15,108
119,150
12,200
89
3,428
80
1
5,318

00
22
00
00
54
07
00
00
89

$234,354 72

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. ■in Force. Total Value.
53
$10,606 89
April 1899
28 $200 13
99
29
189 99
18,809 01
Oct. 1899
123
April 1900
30
180 07
22,148 61
93
31
170 40
15,847 20
Oct. 1900
April 1901
32
56
9,012 64
160 94
19,412 48
33
151 66
128
Oct. 1901
142 57
24,236 90
April 1902
34
170
182
24,326 12
35
Oct. 1902
133 66
17,111 30
April 1903
36
124 90
137
37
116 32
199
23,147 68
Oct. 1903
114
12,304 02
April 1904
38
107 93
25,017 17
251
39
99 67
Oct. 1904
40
91 62
255
23,363 10
April 1905
41
83 71
250
20,927 50
Oct. 1905
374
28,412 78
April 1906
42
75 97
23,789 28
43
68 36
348
Oct. 1906
510
31,069 20
April 1907
44
60 92
45
431
23,123 15
Oct. 1907
53 65
567
26,393 85
46
46 55
April 1908
512
20,275 20
Oct. 1908
47
39 60
32 80
569
18,663 20
April 1909
48
667
49
17,442 05
Oct. 1909
26 15
939
18,441 96
April 1910
50
19 64
51
15,683 68
Oct. 1910
13 28 1,181
581
5,902 96
Jan. 1911
52
10 16
7,791 14
April 1911
7 07 1,102
53
499
4 02
2,005 98
July 1911
54
837
55
1 00
837 00
Oct. 1911
Dues paid in advance .

370 00
$506,472 05

Dues capital
Profits capital
Unpaid dues

$434,345 00
66,127 05
6,000 00

$506,472 05
D a te op E xam in a tio n , January 2, 3, 4, 5, 6.


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

REPORT OF THE

90

[Pub. Doc.

GLOUCESTER CO-OPERATIVE BANK, GLOUCESTER.
191| M AIN STREET.

Incorporated March 2, 1887.
A sa

G.

A ndrew s,

President.

Began business April 14, 1887.

E verett La n e ,

Secretary.

E verett L a n e ,

Treasurer.

Board of Directors:

A . G. A n d r e w s , W. G. B r o w n , S a m u e l C u r t i s , M . F . F o l e y , A . H . F r e n c h ,
S . F . H a s k e l l , E d w a r d H o d g k i n s , E v e r e t t L a n e , F r e d e r i c k L a n e , F . W . L o t h r o p , L . D.
L o t h r o p , D. O. M a r s h a l l , A . H . M c K e n z i e , G. E . M e r c h a n t , C . S . N a u s s , A . E . P r e s s o n ,
F r a n c is P r o c t o r , B . K . S t a c y , H . A . Sw e t t .

Security Committee:
Auditors: S. L.

F r e d e r ic k L a n e , Sa m u e l C u r t is ,

D odge, H ow ard Ste ele ,

J. W.

L. D.

L othrop,

M. F.

F oley,

F. W.

L othrop.

D arcy.

Regular meetings for receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid premiums
Unpaid fines
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

.

$534,850
35,400
2,500
71
3,854
198
365
75
197
153
30,808

00
00
00
07
25
75
26
00
Cl
85
15

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Premiums .
Fines
Transfer fees
Withdrawal profits
Forfeited share account
Security committee

.

$483,103
"116,007
3,724
2,261
3,001
153
113
2
84
7
13

$608,473 34

$808,473 34

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
90
95
55
24
80
42
75
08
65
00

.
.

882
337
63
290
8,252
3,264

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

173
136
1,483
524

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

509 real estate loans (average, $1,050.79 each; average rate, 6.30%); 6.30%, $532,500;|6.60%, $1,050;
6.90%; $1,300.
172 share loans (average, $205.81 each; average rate, 6.44%); 6.30%, $26,100; 6.60%, $3,450; 6.90%,
$4,000; 7.20%, $1,850.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,698.38
.......................................
2.79

Other Expenses.
$797.63
1.31

Total.
$2,496.01
4.10

No. 8.]

BANK COMMISSIONER.

91

Reconciliation of Share Account with Dues
and Profits Capital.

R eceipts .

Date of Issue. Series. pS h a re . in Fo'rce. Total VaIuo'

Dues capital
.
.
.
Real estate loans eliminated by
foreclosure
.
.
.
.
Real estate loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid
Mortgages .
Real estate by foreclosure
Interest
.
Premiums .
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
Withdrawal profits
Forfeited profits .
Temporary expense
Forfeited share account
Miscellaneous profits .
Guaranty fund .
.
.
.
Personal accounts
Security committee
Insurance and taxes
Surplus
.
Cash on hand Oct. 31, 1910

$97,803
11,300

O
O

Receipts and Disbursements, Year ending
October 31, 1911.

00
00
00
00
00

13,900
36,100
15,800
1,400
8,286 83
32,985 54
1,651 60
1,212 17
18 00
773 35
41 33

1 20
20 00
7 10

152 43
11,722 05
129 00
212 80
34 95
60,521 22
$294,072 57

April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

27 $198 86
187 18
28
29
175 84
164 82
30
154 12
31
32
143 74
133 66
33
123 88
34
114 38
35
105 16
36
96 21
37
87 52
38
79 09
39
70 90
40
62 94
41
42
55 22
43
47 72
44
40 44
33 37
45
26 51
46
47
19 85
13 38
48
49
7 10
1 00
50

Dues paid in advance
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Personal accounts
Taxes
.
.
.
.
Guaranty fund .
■Cash on hand Oct. 31, 1911

$16,581 00
904 00
40,890 00
3,079 75
185 13
17,360 64
138,600 00

21,000 00
2,500 00
6,994 01
574 20
2,496 01
30 00
11,722 05
195 20
152 43
30,808 15

$294,072 57

D ate of E x am in a tio n , July 20, 21, 22, 24.


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

220
165
187

222

199
213
258
273
269
227
441
327
403
343
439
453
560
471
492
533
427
484
492
154

$43,749
30,884
32,882
36,590
30,669
30,616
34,484
33,819
30,768
23,871
42,428
28,619
31,873
24,318
27,630
25,014
26,723
19,047
16,418
14,129
8,475
6,475
3,493
154
933

20
70
08
04

88

62
28
24

22

32
61
04
27
70

66
66
20
24
04
83
95
92

20
00
00

$604,070 90

Dues capital
Profits capital
Unpaid dues

$483,103 00
116,007 90
4,960 00
$604,070 90

92

REPO RT OF THE

[Pub. Doc.

GRAFTON CO-OPERATIVE BANK, GRAFTON.
Incorporated October 19, 1887.
E llsworth E . H o w e , President.

Began business November 10, 1887.

J oseph A . D odge , Secretary.

Joseph A . D odge , Treasurer.

Board of Directors: S. L. D aven po rt , G. A. D earborn , W . O. H a lp in , L. N . L eland , C. L. L eonard .
H . L . N ichols , T . F. Sm ith , C. J. W ilder , O. M. W in g .
Security Committee: A. L. F ish e r , O. M. W in g , S. L. D aven po rt .
Auditors: M artin H ic k e y , N apoleon T e bo , F. A . A nderson .
Regular meetings for receipt of moneys the second Thursday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest .
Cash
.
.
.
.

$278,885
3,217
4,707
622
11,018

00
00
79
19
80

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.

.

.

$298,450 78

.
.
.
.

00
46
00
32

$298,450 78

Shares.

Issued during year
.
Withdrawn during year
Retired during year
.
Matured during year
.
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$245,011
46,235
3,000
4,204

Membership.

.

.

.
.
.
.

.

.

.
.
.
.

.

.

1,474
861
36
99
5,890
1,552

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

183
118
720

199

Profits Distributed.

First term, 3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

189 real estate loans (average, $1,475.58 each; average rate, 6}^%): &%%, $278,885.
21 share loans (average, $153.19 each; average rate, 7%); 7%, $3,217.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$750.00
2.51

Other Expenses.
Total.
$504.31
$1,254.31
1.69
4.20

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
Fines
.
Transfer fees
.
Withdrawal profits
Membership fees
Cash on hand Oct. 31, 1910

$70,707 00
81,670 00
4,626 00
3,100 00
17,468 62
246 14

10 00
221 10

466 70
8,209 69
$186,725 25

D isbursem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Real estate by foreclosure
Interest
.
Temporary expense
Cash on hand Oct. 31, 1911

.

$30,833
13,959
4,634
5,915
107,085
4,240
7,616
169
1,254
11,018

00

00

13
52

00
00
21
28
31
80

93

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
42
26 $197 80
1900
$8,307 60
186 13
1900
27
79
14,704 27
174 82
23
1901
28
4,020 86
29
163 81
1901
43
7,043 83
1902
30
153 11
44
6,736 84
142 78
1902
31
56
7,995 68
132 69
1903
32
61
8,094 09
122 88
123
1903
33
15,114 24
132
113 39
1904
34
14,967 48
104 17
1904
35
107
11,146 19
221
1905
36
95 19
21,036 99
86 51
1905
37
229
19,810 79
1906
38
78 07
21,547 32
276
1906
39
69 88
187
13,067 56
61
93
1907
40
303
18,764 79
1907
41
54 20
396
21,463 20
13,312 35
1908
42
46 71
285
1908
39 43
43
390
15,377 70
1909
32 37
44
390
12,624 30
1909
45
25 51
437
11,147 87
1910
46
18 85
717
13,515 45
1910
47
12 38
647
8,009 86
1911
48
702
4,282 20
6 10

May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

Dues paid in

$186,725 25

68 00
$292,459 46

Dues capital
Profits capital
Unpaid dues

$245,011 00
46,235 46
913 00
$292,159 46

D ate of E xam in a tio n , AprihlO, 11,112, 13, 14,


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

94

REPO RT OF THE

[Pub. Doc.

GREENFIELD CO-OPERATIVE BANK, GREENFIELD.
28S MAIN STREET.
Incorporated June 21, 1905.
W illiam B. A llen , President.

Began business July 11, 1905.

F r an k II. Sn o w , Secretary.

P ekley E . F a y , Treasurer.

Board of Directors: W. B. A lle n , C. A . C a r e y , P. E. F a y , L. W. G r isw old , F. E. H a w k s , F. A.
L oomis , G . C. L tjnt, F. H . R yth er , F. H . S n o w , W. H . W eissbrod , G . H . W il k in s .
Security Committee: F. E. H a w k s , F. A. L oomis , G. C. L u n t .
Auditors: A. B . A llen , W . C. C on an t .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Liabilities.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Temporary expense account
Cash

.

$135,710
8,841
473
89
167

00
00
85
86
98
211 06
877 19

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits

.

$146,370 94

.

00
16
19
83
98
74
50
64 54

$146,370 94

Shares.

Issued during year
.
Withdrawn during year .
Forfeited during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$128,853
11,261
788
2,451
2,826
124

Membership.

.
.
.
.

.

.
.
.

.
.
.
.
.

.

1,483
807
35
4,336
1,176

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

177
99
590
153

Profits Distributed.

First term, 2J^%; second term, 2J^%.
Proportion of profits retained’ on voluntary withdrawals, 25% on series not over 4 years old; after 4
years none.

Rates and Averages on Loans, October 31, 1911.

122 real estate loans (aveiage, $1,112.37 each; average rate, 6%): 6%, $135,710.
69 share loans (average, $i28.13 each; average rate, 6%): 6%, $8,841.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$500.00
$223.43
3.42
1.52

Total.
$723.43
4.94

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Cash on hand Oct. 31, 1910

149,128 00
26,824 00
6,906 00
7,792 02
256 06
1 75
120 07
9 70
1,044 38
1,838 18
$93,920 16

D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$23,868
1,778
2,343
287
54,185
8,700
723
1,157
877

00
00
56
10
00
00
43
88
19

$93,920 16
D ate of E x a m in a tio n . November 16, 17.


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

95

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July

1905
19C6
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Shares Total Value.
Value
Series. per
Share. in Force.
$20,920 20
238
1 $87 90
145
11,588 40
2 79 92
7,069 72
72
14
98
3
19,042 25
295
4
64 55
232
13,256
48
5
57 14
10,481 10
210
6 49 91
8,612
85
42 85
201
7
12,985 17
361
8 35 97
10,413
00
9
29 25
356
10,918 70
10 22 70
481
6,638
17
4C7
11 16 31
6,945 12
12 10 08
689
2,492 00
13
4 00
623
276 00

Dues paid in advance .

$141,639 16

Dues capital
Profits capital
Unpaid dues

.

$128,853 00
11,261 16
1,525 CO
$141,639 16

96

REPORT OF THE

[Pub. Doc.

GROVELAND CO-OPERATIVE BANK, GROVELAND.
M AIN STREET.

Incorporated November 4, 1895.
E dward H. P a r k e r , President.

Began business November 19, 1895.

G eorge M itch ell , Secretary.

G eorge M itchell , Treasurer.

Board of Directors: A . H. A m a zeen , E . H. G eorge , S. B. G eorge , J ohn M a g e e , E dw ard M cC ormick ,
W . T . P ik e , E . L. Sides , W . H. S pofford , G. H. T e n n e y , A . G . T w o m b l y , H. L. T w o m b l y ,
H. W . V aug h a n .
Security Committee: E. H. G eorge , H. W . V a u g h a n , A . G. T w o m b l y .
Auditors: J. T. S mall , John M orris , A. L. W a les .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Permanent expense account .
Gash
.
.
.
.
.

Liabilities.

$88,700
675
286
350
5,180

00
00
51
00
93

Dues capital
.
Profits capital .
Guaranty fund .
Surplus
.
.

.

.
.
.

.
.
.
.

.
.
.
.

$95,192 44

00
13
05
26

$95,192 44

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$79,538
13,545
380
1,729

Membership.

427
307
.

10

1,858
477

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31. 1911

51
36
300
79

Profits Distributed.

First term, 2J^%; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 25% on series not over 2 years old; 10%
thereafter.

Rates and Averages on Loans, October 31, 1911.

72 real estate loans (average, $1,231.94 each; average rate, 5.77%): 5 }i% , $26,950; 6%, $61,750.
7 share loans (average, $96.42 each; average rate, 6%): 6%, $675.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$344.06
3.61

Other Expenses.
$111.40
1.17

Total.
$455.46
4.78

BANK COMMISSIONER

No. 8.]

97

Receipts and Disbursements, Year ending
October 31, 1911.

Reconciliation of Share Account with Dues
and Profits Capital.

R eceipts .

Date of Issue. Series. per
¿ Xonare.
e . inX
“ Total Value.
in xorce.
$392 44
2
Nov. 1899
9 $196 22
32
5,935 68
May 1900
10 185 49
4,551 82
26
Nov. 1900
11 175 07
2,638 88
12 164 93
16
May 1901
2,170 56
155 04
14
13
Nov. 1901
8,142 40
56
145 40
May 1902
14
2,448 00
18
Nov. 1902
15
136 00
21
2,663 01
May 1903
16
126 81
4,124 75
117 85
35
Nov. 1903
17
5,346 39
49
May 1904
18
109 11
2,514 75
Nov. 1904
19
100 59
25
3,505 50
38
May 1905
20 92 25
5,044 80
Nov. 1905
21 84 08
60
6,772 01
22 76 09
89
May 1906
Nov. 1906
3,619 37
23
68 29
53
3,034 00
May 1907
24
60 68
50
Nov. 1907
34
1,810 50
25
53 25
117
5,383 17
May 1908
26
46 01
97
Nov. 1908
27
38 94
3,777 18
May 1909
32 04
133
4,261 32
28
29
7,719 55
Nov. 1909
25 31
305
May 1910
18 75
190
3,562 50
30
12 35
Nov. 1910
31
259
3,198 65
May 1911
32
6 10
139
847 90

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Personal accounts
.
Cash on hand Oct. 31, 1910

.
.

$22,507
16,300
1,300
4,773
118
1
135
51
4,919

00
00
00
38
62
25
18
90
65

$50,106 98
D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.
.

$9,731
1,482
1,229
519
30,550
925
34
455
5,180

00
00
07
06
00
00
46
46
93

$50,106 98

Dues paid in advance .

43

00

$93,508 13

Dues capital
Profits capital
Unpaid dues

$79,538 00
13,545 13
425 00
$93,508 13

D ate of E x a m in a tio n , July 14.


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

[Pub. Doc,

REPORT OF THE

98

GUARDIAN CO-OPERATIVE BANK, BOSTON.
36 BROMFIELD STREET.

Incorporated July 2, 1886.
H en r y P. O a k m a n , President.

Began business August 6, 1886.

W illiam D. E ldredge , Secretary.

W illiam D. E ldredge , Treasurer.

Board of Directors: J. C. C ook , E dric E ldredge , W. D. E ldredge , G. R . F a r r e l l , H. C. H a th a ­
w a y , A rthur H ooper , T. R . H ughes , J. T. K a le r , W. S. M a so n , E. K. N b w h a l l , H. P.
Oa k m a n , W . H. R oberts , H. L. Sam pson , J. M . Simpson , R . S. W en t w o r t h , H. S. W h ee lo ck .
Security Committee: T . R. H ughes , W. H . R oberts , E . K. N e w h a l l , J. C . C ook , E dric E ldredge .
Auditors: H. H. R oberts , C. E. L o w d , A. J. C a r s w e l l .
Regular meetings for receipt of moneys the first Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Temporary expense account
Insurance and taxes paid

.

$473,400
18,300
327
1,952
168
800

00
00
00
89
16
00
8 00
31,052 36

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited share account

.
.
.
.
.
.
.

Membership.

Shares.

.
.

Pledged Oct. 31, 1911

.

.
.

2,078
1,133
26
82
8,113
2,684

00
53
00
44
61
70
50
31
32

$526,008 41

$526,003 41

Issued during year
Withdrawn during year
Forfeited during year
Matured during year

$424,331
75,603
5,600
8,076
11,053
516
1
710
115

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oot. 31, 1911

.

220

161
972

220

Profits Distributed.

First term, 2)^%; second term, 2)^%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

183 real estate loans (average, $2,586.89 each; average rate, 5.18%): 5%, $297,350; 5M%i $46,300;
5J^%, $112,150; 5%%, $10,700; 6%, $6,300; 6J^%, $600.
___
67 share loans (average, $273.13 each; average rate, 5.28%): 5%, $8,350; 5M%> $2,000; 5)^%, $7,350;
6%, $400; 7%, $100; 7M%. $100.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$1,750.00 $1,289.35
3.33
2.45

Total.
$3,039.35
5.78

99

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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
Matured share account
Mortgage balance
Cash on hand Oct. 31, 1910

$94,433
2,500

00
00
00
00
00
00

11,800
54,600
6,750
4,063
3,602 69
25,381 57
1,120 70
3 75
1,799 88
31 23
123 88
4,870 28
72 26
15,636 71
$226,788 95

D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Forfeited share account
Matured share account
Mortgage balance
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$46,895 00
633 00
12,245 00
7,200 64
124 99
4,405 52
103,500 00
10,300 00
2,120 34
3,039 35
116 77
5,073 72
72 26

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.
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

27 $198 31
187 97
28
29
177 84
167 97
30
158 35
31
32
148 95
139 73
33
130 73
34
121 93
35
113 32
36
104 90
37
96 66
38
88 61
39
80 72
40
73 01
41
42
65 48
58 11 '
43
50 91
44
43 85
45
36 97
46
47
30 25
23 70
48
49
17 31
11 08
50
5 00
51

Dues paid in advance .

60
45
188
232
288
252
179

221
145
172
197
206
265
259
215
362
270
236
395
396
363
660
635
875
997

Total Value.
$11,89S
8,458
33,433
38,969
45,604
37,535
25,011
28,891
17,679
19,491
20,665
19,911
23,481
20,906
15,697
23,703
15,689
12,014
17,320
14,640
10,980
15,642
10,991
9,695
4,985
367

60
65
92
04
80
40
67
33
85
04
30
96
65
48
15
76
70
76
75

12
00
85
00
00
00
75

$503,667 53

Dues capital
Profits capital
Unpaid dues

10 00

31,052 36

$226,788 95
D ate op E x am in a tio n , April 17, 18, 20, 21, 22, 24, 25.


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

Series. pS f are i ^ œ .

1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

$424,331 00
75,603 53
3,733 00
$503,667 53

100

[Pub. Doc.

REPO RT OF THE

HAMPTON CO-OPERATIVE BANK, EASTHAMPTON.
135 UNION STREET.

Incorporated March 24, 1900.
Louis N. D ib b l e , President.

Began business April2, 1900.

N. S ee lye H itchcock , Secretary.

W illiam L. P itch er , Treasurer.

Board of Directors: G eorge A still , M. L. C o m et , L. N . D ib b l e , N. S. H itchcock , W. L. P itch er ,
H. J. P orter , E. L. M esserschmidt .
Security Committee: L. N. D ib b l e , W. L. P itcher , H. J. P orter .
Auditors: James R ogerson , E. W . W

ood .

Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

$97,875
4,450
545
384
2,921

Loans on real estate
Loans on shares .
Unpaid interest .
Suspense account
Cash

00
00
21
29
98

Dues capital
Profits capital
Guaranty fund
Surplus

$84,010
20,144
318
1,702

$106,176 48

$106,176 48

Membership.

Shares.

Issued during year
.
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.

.
.

.
.

00
52
97
99

.
.

.
.

.
.
.

389
295
1,632
575

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

33
33
238
76

Profits Distributed.

First term, 2% % ; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 25% on shares less than 4 years old; after 4
years, none.
Rates and Averages on Loans, October 31, 1911.

56 real estate loans (average, $1,747.76 each; average rate, 6%): 6%, $97,875.
34 share loans (average, $130.88 each; average rate, 6%): 6%, $4,450.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$235.00
2.21

Other Expenses.
$109.52
1.03

Total.
$344.52
3.24

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Cash on hand Oct. 31, 1910

$18,987
27,774
1,850
5,664
163

00
48
00
94
36
50
41 24
3,635 55

$58,117 07
D isbu rsem ents .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$10,983
2,127
38,600
2,660
344
479
2,921

00
97
00
00
52
60
98

$58,117 07

101

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per Share. in Force. Total Value.
130
$25,130 30
1 $193 31
April 1900
7,225 20
2
180 63
40
Nov. 1900
32
5,439 04
169 97
3
May 1901
25
3,989 25
159 57
Nov. 1901
4
2,390 08
16
5
149 38
May 1902
5,160 02
37
6
139 46
Nov. 1902
7,916 58
61
129 78
May 1903
7
1,564 94
13
8
120 38
Nov. 1903
1,223 42
11
9
111 22
May 1904
409 20
102 30
4
10
Nov. 1904
62
5,803 82
11
93 61
May 1905
6,047 07
12
85 17
71
Nov. 1905
2,616 64
76 96
34
May 1906
13
4,552 68
14
68 98
66
Nov. 1906
5,139 96
84
15
61 19
May 1907
1,555 27
29
16
53 63
Nov. 1907
33
1,527 24
46 28
May 1908
17
93
3,638 16
18
39 12
Nov. 1908
2,732
75
85
19
32
15
May 1909
171
4,338 27
20
25 37
Nov. 1909
3,491
22
186
21
18
77
May 1910
144
1,776 96
22
12 34
Nov. 1910
205
1,248
45
23
6
09
May 1911
Dues paid in advance .

39 00
$104,955 52

Dues capital
Profits capital
Unpaid dues

$84,010 00
20,144 52
801 00
$104,955 52

D ate

of

E x am in a tio n , May 26.


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

102

REPO RT OF THE

[Pub. Doc,

HARVARD CO-OPERATIVE BANK, BOSTON.
119

HARVARD STREET (DORCHESTER D ISTR ICT).

Incorporated March 7, 1011.
W illiam J. D o w n in g , President.

Began business April 12, 1911.

W alter D. L oring , Secretary.

W alter D. L oring , Treasurer.

Board of Directors: W. M. B a co n , H. B . B a k e r , T. S. B e ll , James C a v an ag h , J. C. C l ar k , T. F.
D oherty , W. J. D o w n in g , W. J. D r e w , E. B . G a ll a g h er , C . H. G r een w oo d , W. D . L oring ,
J. P. M ag e n is , W. E. M c G erigle , W. D . M c K issick , W. A. P a u l , A. P. P earson , C harles
R ip le y , C. W. R odgers , M . H. Su lliv a n .
Security Committee: T . S. B e ll , W . E. M cG erigle , E. B . G allagh er , M . H. Su l liv a n , A. P.
P earson .

Auditors: W. E. E lton , T . C. B ach elder , C. E. F olsom .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Unpaid dues
Unpaid fines
Permanent expense account
Temporary expense account
Cash

$10,050
100
647
23
718
9
4,941

00
00
00
90
42
50
57

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Security committee
Attorney’s fees .

$16,189
172
8
19
73
8
7
12

$16,490 39

$16,490 39

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
32
00
45
52
60
50
00

.
.

2,777
142
2,635
85

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

475

20
455

5

Profits Distributed.

First term, 2fi% ; second term, 2lA % .

Proportion of profits retained on voluntary withdrawals, 20%.

Rates and Averages on Loans, October 31, 1911.

4 real estate loans (average, $2,512.50 each; average rate, 5.39%); 5%, $3,500; 5 A% , $3,800; 5 M%,
$2,750.
1 share loan (aveiage, $100; average rate, 6%); 6%, $100.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses
$40.75
2.47

Total.
$40.75
2.47

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Share loans repaid
Interest
.
.
Fines
.
.
Attorneys’ fees .
Security committee

.
.

.
.

.
.

$16,032
10
232
31
48
20

00
00
73
06
00
00

103

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
April 1911
July 1911
Oct. 1911

1
2
3

Va^e
■^ ares
per Share, in Force.
$7 08 2,093
$14,818 44
4 02
244
980 88
1 00
298
298 00

Dues paid in advance .

264 00

$16,373 79
D isbursements .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$490
4
10,050
110
40
736
4,941

00
74
00
00
75
73
57

$16,373 79

D a te of E x a m in a tio n , November 1.


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

$16,361 32

Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$15,542 00
172 32
647 00
$16,361 32

104

REPO RT OF THE

[Pub. Doc,

HAVERHILL CO-OPERATIVE BANK, HAVERHILL.
117 M ERRIM ACK STREET.

Incorporated August 20, 1877.
James W . H a r r is , President.

Began business September 3, 1877.

W illiam H . P a g e , Secretary.

W illiam H . P age , Treasurer.

Board of Directors: G. H . B a rtlett , C . A. B o d w e il , F. E. B r ick ett , G. A. C h ilds , C . H . C l ar k ,
E. A. F it ts , E. J. K empton , S. A. M cG regor , B . I. P a g e , J. H . Sa t wa r d .
Security Committee: J. W. H arr is , E. A. F it t s , G. A. C h ilds .
Auditors: W. W. R oberts , W. D. St e a r n s , A. P. T e n n e y .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Cash

Liabilities.

$553,036
16,320
3,304
4,015
162
14,149

00
00
00
46
30
90

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Matured share account

$590,987 66

00
02
00
94
38
32

$590,987 66

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$479,612
79,339
7,200
3,878
224
20,733

4,114
2,379
15
416
12,069
3,181

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

375
230
1,612
385

Profits Distributed.

First term, 2%%', second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

317 real estate loans (average ,$1,744.59 each; average rate, 5.64%); 5%, $199,250; 6%, $353,786.
67 share loans (average, $243.58 each; average rate, 5.93%); 5%, $1,200; 6%, $15,120.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

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

3.61

Other Expenses.
$946.08
1.60

Total.
$3,081.08
5.21

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
Real estate loans eliminated by
forfeiture
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
. _ .
Real estate by forfeiture
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Matured share account
Personal accounts
Cash on hand Oct. 31, 1910

$145,305 00
2,900 00
9,600
88,950
20,700
248
3,377
30,605
659
6
807
6
69,181
34
10,382

00
00
00
00
04
23
82
50
50
32
40
31
60

$382,763 72
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by forfeiture
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Cash on hand Oct. 31, 1911

$68,643
544
62,891
8,076
63
20,550
130,336
22,920
2,425
183
3,081
417
48,448
34
14,149

00
00
00
30
28
47
00
00
25
43
08
62
08
31
90

$382,763 72
D ate of E xam in a tio n , February 13, 14, 15.


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

105

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. perValue
Share.
Nov. 1899
42 $190 69
May 1900
43
180 83
Nov. 1900
44
171 17
May 1901
45
161 65
Nov. 1901
46
152 34
May 1902
47
143 20
Nov. 1902
134 23
48
May 1903
49
125 36
Nov. 1903
50
116 71
May 1904
108 18
51
Nov. 1904
52
99 84
91 65
May 1905
53
Nov. 1905
54
83 66
May 1906
55
75 81
Nov. 1906
56
68 11
57
60 58
Mav 1907
Nov. 1907
58
53 21
59
45 99
May 1908
38 92
Nov. 1908
60
32 03
May 1909
61
Nov. 1909
62
25 29
May 1910
63
18 73
12 33
Nov. 1910
64
65
May 1911
6.08
Dues paid in advance .

Shares
in Force. Total Value.
132
$25,171 08
233
42,133 39
104
17,801 68
252
40,735 80
141
21,479 94
130
18,616 00
77
10,335 71
165
20,684 40
157
18,323 47
124
13,414 32
158
15,774 72
213
19,521 45
360
30,117 60
307
23,273 67
423
28,810 53
576
34,894 08
363
19,315 23
516
23,730 84
580
22,573 60
855
27,385 65
1,097
27,743 13
1,515
28,375 95
1,502
18,519 66
2,089
12,701 12
491 00
$561,924 02

Dues capital
Profits capital
Unpaid dues

'

$479,612 00
79,339 02
2,973 00
$561,924 02

106

REPO RT OF THE

[Pub. Doc.

HENRY WILSON CO-OPERATIVE BANK, NATICK.
2 SOUTH AVENUE.

Incorporated October 23, 1886.
J ohn R . A dams , President.

Began business November 12, 1886.

R ichabd F o l e y , Secretary.

H a r v e y H . W h it n e y , Treasurer.

Board of Directors: P etee C a sh io n , D. C. F elton , W . A . L au g h to n , J. F. L incoln , M . E. M cG r ath ,
W. E. O liver , L. E. P ulsifer , E. W. R ogers , J. E. Sw e e t l a n d , G . F . W h it n e y .
Security Committee: D. C. F elton , D. A . M a h o n e y , J. E. Sw e e t l a n d , G. F. W h it n e y , H . H . W h it n e y .
Auditor: E. T . T u r n e r .
Regular meetings for receipt of moneys the second Friday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid fines
Cash
.
.
.
.

Liabilities.

.

$194,700
17,200
11,100
1,524
927
76
313

00
00
00
99
91
76
85

Dues capital
Profits capital
Guaranty fund
Surplus
Matured share account

.

$225,843 51

00
32
00
19
00

$225,843 51

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$174,952
32,468
2,800
10,287
5,336

Membership.

.
.

443
369
24
103
2,799
1,430

Added during year
.
Withdiawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

45
60
383
150

Profits Distributed.

First term, 2}4%; second term, 2M%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911,

128 real estate loans (average, 81,521.09 each; average rate, 5.04%): 5%, $186,200; 5 Ui%, $2,000; 6%,
$6,500.
91 share loans (average, $189.01 each; average rate, 5.06%); 5%, $15,650; 5 Jlj%, $1,000; 6%, $550.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$695.00
3.07

Other Expenses.
Total.
$361.44
$1,056.44
1.60
4.67

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.

$35,308 00
8,300
33,050
3,050
8,161
11,117
356
1
542
5,336
62
6,191

00
00
00
01
68
45
75
51
00
90
01

$111,477 31
D isbu esem ents .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Surplus
Profits capital
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series,

R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Matured share account
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

107

$16,656
3,660
15,951
2,170
1,076
4,650
50,600
7,650
7,400
24
197
1,056
8
62
313

00
00
00
89
04
47
00
00
00
68
04
44
00
90
85

$111,477 31

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

1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

Total Value.
$195
185
175
166
156
147
138
130
121
113
105
97
89
81
74
66
59
52
45
38
31
25
18
12
6

Dues paid in advance .

30
36
70
20
92
87
97
29
76
41
23
20
33
61
04
61
33
20
21
36
64
04
58
25
06

89
121
98
81
41
73
108
65
35
21
64
88
145
122
50
66
98
189
92
178
118
226
236
272
123

$17,381
22,428
17,218
13,462
6,433
10,794
15,008
■ 8,468
4,261
2,381
6,734
8,553
12,952
9,956
3,702
4,396
5,814
9,865
4,159
6,828
3,733
5,659
4,384
3,332
745

70
56
60
20
72
51
76
85
60
61
72
60
85
42
00
26
34
80
32
08
52
04
88
00
38

96 00
$208,754 32

Dues capital
Profits capital
Unpaid dues

$174,952 00
32,468 32
1,334 00
$208,754 32

D ate op E xam in a tio n , March 17.


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

108

REPORT OF THE

[Pub. Doc.

HIGHLAND CO-OPERATIVE BANK, BOSTON.
1117 COLUMBUS AVENUE.

Incorporated February 24, 1899.
A bthur A. B r o w n , President.

Began business February 27, 1899.

F rederick W. K lemm , Secretary.

Joseph E ng el , Treasurer.

Board of Directors: H. I. B rett , A. A. B r o w n , J. P. C lear y , J. W. C olgan , J. F. D em psey , Joseph
E ng el , G eorge F in n e r a n , J. J. F r a n e y , F. W. K lem m , C harles L ippler , H. J. M u e l le r ,
H. S. O rmsby , C ornelius V a n d e r P y l , R. A. W a tson , A. M . Z ie g l er .
Security Committee: Joseph E n g e l , C ornelius V ander P y l , J. P. C lea r y , H. J. M ue l le r .
Auditors: F r an k T u c k e r , A . L . B a co n , E . E . Sa w y e r .
Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Interest
.
.
.
Cash
.
.
.

Liabilities.

.

.
.

$283,485
S.351
764
49
92
1,220

00
00
94
63
79
24

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Forfeited share account
Matured share account
Temporary expense

.

$293,963 60

00
97
00
50
80
09
75
111 41
656 47
7,581 57
04

$293,963 60

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$242,881
34,520
2,200
2,148
3,771
91

Membership.

.
.

.
.

2,451
1,032
23
111
60
7,022
1,868

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

225
112
684
139

Profits Distributed.

First term, 2J^%; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, 20% on series less than 5 years old; 10% on
series from 5 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

110 real estate loans (average, $2,577.13 each; average rate, 5%): 5%, $283,485.
29 share loans (average, $287.96 each; average rate, 5.94%); 5%, $500; 6%, $7,851.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets


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

.

.

.

.

Salaries. Other Expenses.
$625.00
$176.59
2.12
.60

Total.
$801.59
2.72

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Temporary expense
Forfeited share account
Retired share account .
Matured share account
Personal accounts
Cash on hand Oct. 31, 1910

$76,178
53,925
6,119
13,966
327
3
332
8
76
490
20,687
14,495
313
4,840

00
00
00
02
94
00
84
59
54
34
56
28
00
61

$131,763 72
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Forfeited share account
Retired share account .
Matured share account
Personal accounts
Cash on hand Oct. 31, 1911

$33,089
463
15,431
8,682
5,042
42
5,324
3,135
77,380
11,520
638
878
1,003
20,687
6,913
313
1,220

00
00
00
00
62
34
04
00
00
00
25
13
83
56
71
00
24

$191,763 72
D a te oe E x a m in a t io n , April 10, 11, 1:


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

109

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
5
$997 10
Aug. 1899
2 $199 42
33
6,226 44
Feb. 1900
188 68
3
10,695 60
4
178 26
60
Aug. 1900
28,741 68
171
Feb. 1901
5
168 08
24
3,795 36
6
158 14
Aug. 1901
27
4,007 34
Feb. 1902
7
148 42
4,168 80
Aug. 1902
138 96
30
8
129
16,741
62
129
78
Feb. 1903
9
81
9,779 13
10
Aug. 1903
120 73
62
6,940
28
111 94
Feb. 1904
11
61
6,304 96
12
Aug. 1904
103 36
143
13,583 57
94 99
Feb. 1905
13
123
10,678 86
14
86 82
Aug. 1905
14,981 50
15
190
Feb. 1906
78 85
124
8,811 44
16
Aug. 1906
71 06
12,061 20
190
17
63 48
Feb. 1907
10,599 12
189
Aug. 1907
18
56 08
21,449 54
439
Feb. 1908
19
48 86
304
12,710 24
41 81
Aug. 1908
20
21,802 56
624
21
34 94
Feb. 1909
14,820 75
22
525
28 23
Aug. 1909
17,221 86
794
23
21 69
Feb. 1910
582
8,910 42
24
15 31
Aug. 1910
11,077 60
25
9 08 1,220
Feb. 1911
892
2,676 00
26
3 00
Aug. 1911
Dues paid in advance .

275 00
$280,057 97

Dues capital
Profits capital
Unpaid dues

$242,881 00
34,520 97
2,656 00
$280,057 97

[Pub. Doc.

REPO RT OF THE

110

HILLSIDE CO-OPERATIVE BANK, MEDFORD.
352 BOSTON AVENUE.

Incorporated January 26, 1906.
H enr y V. R o w el l , President.

Began business February 6, 1906.

F red W. S l eeper , Secretary.

F red W. S leeper , Treasurer.

Board of Directors: W. H . A t k in s , L. R . B ig e l o w , D . A. B r o w n , F. A. B r u ce , P. C. C h an d l er , H . G.
C h ase , A rthur C lifford , F. R . D a m p , Je rry D riscoll , Joseph E ng el , F. B. G il m a n , A. C.
G r e e n , A. E. J osselyn , J. H . L eigh ton , Jam es M orrison , G. C. R ockw ood , F. W. S leeper ,
B. K. Sh epard .
Security Committee: F. A. B r u ce , W. H. A t k in s , H. V. R o w el l , J oseph E ng el .
Auditors: A. C. Sphoul , E. C. D r o w n e , N. R. S proul .
Regular meetings for receipt of moneys the first Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Permanent expense account
.
Temporary expense account
.
C a s h .......................................

$87,400
4,607
75
55
1,745

00
00
00
18
42

Dues capital
.
.
Profits capital .
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Fines
.
.
.
Withdrawal profits
.

.

.
.

.
.
.
.

.
.
.
.
.

.

.

$93,882 60

$93,882 60

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$85,142 00
6,691 04
425 00
364 16
1,086 37
27 80
146 23

1,112
655
3,184
706

103
62
383
62

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

First term, 2J^%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

43 real estate loans (average, $2,032.55 each; average rate, 5.19%); 5%, $62,100; 5J^%, $16,000; 6%,
$9,300.
20 share loans (average, $230.35 each; average rate, 6%); 6%, $4,607.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$375.00
3.99

Other Expenses.
$175.28
1.87

Total.
$550.28
5.86

BAN K COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

$36,579
20,900
4,055
4,385
127

Dues capital
Real estate loans repaid
Share loans repaid
.
.
.
.
Interest
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Cash on hand Oct. 31, 1910

00
00
00
24
57

1 00

336 97
170 80
$66,555 58

D isbu rsem ents .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
.
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
.
Cash on hand Oct. 31, 1911

.

.
.
.

.
.
.

.
.

.
.

$16,284 00
1,347 88
40,800 00
5,827 00
1 CO
550 28
1,745 42
$66,555 58

Ill

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. .per
Share, in Force. Total Value.
$15,963 92
64
203
1
Feb. 1906
73
5,183 00
2
00
Aug. 1906
8,252 40
130
48
3
Feb. 1907
36
2,018 88
08
4
Aug. 1907
16,765 84
88
343
5
Feb. 1908
84
261
10,920 24
6
Aug. 1908
6,152 96
96
176
7
Feb. 1909
5,393 84
24
191
8
Aug. 1909
416
9,035 52
72
9
Feb. 1910
5,806 28
32
379
10
Aug. 1910
627
5,693 16
08
11
Feb. 1911
349
1,047 00
12
00
Aug. 1911
Dues paid in advance

250 00
$92,483 04

Dues capital
Profits capital
Unpaid dues

$85,142 00
6,691 04
650 00
$92,483 04

D ate of E xam in a tio n , March 10, 11.


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

112

REPO RT OF THE

[Pub. Doc.

HINGHAM CO-OPERATIVE BANK, HINGHAM.
SOUTH STREET.

Incorporated June 1, 1889.
E bed L. R ip le y , President.

Began business June 5, 1889.

W illiam L. F o s t e b , Secretary.

W illiam L. F o steb , Treasurer.

Board of Directors: E. W. B a b t le t t , C. S. C ush ing , W. B. F e a b in g , W. B. F oster , W. L. F osteb ,
F. M. H e b s e y , I. G. H e b s e y , J. C. H o l lis , F bed ebick H um ph r ey , J. D. L o n g , C. H. M a rb le ,
J. J. M oore , E. L. R ip l e y , W. C. Sh u t e , W . W . Simm ons , E. F. Sk in n e b , E pheaim Sn o w , Jr.,
G eorge W h it in g .

Security Committee: C . S. C ush ing , E. W. B art l et t , I. G. H e b s e y , E. F. S k in n e r , W. B . F e a rin g .
Auditor: G . W . M a n s o n .
Regular meetings for receipt of moneys the first Wednesday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Unpaid fines
.
.
.
.
C a s h .......................................

Liabilities.

$434,150 00
18,150 00
1,485 97
207 22
426 74

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Forfeited share account
Security committee

.

$454,419 93

00
21
00
18
62
92

$454,419 93

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911, .

$370,131
73,593
2,850
7,829
6
9

M embership.

.

.
.

1,478
352
10
33
197
7,216
2,688

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

165
75
890
300

Profits Distributed.

First term, 2X
A %\ second term, 2 ]4 %.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

257 real estate loans (average, $1,689.30 each; average rate, 5 }4%)- 5 K%> $434,150.
110 share loans (average, $165 each; average rate, 5}4%): 5 }4%, $18,150.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

' .

.

.

.

Salaries. Other Expenses.
$1,800.00
$518.25
3.96
1.14

Total.
$2,318.25
5.10

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate 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
Security committee
Cash on hand Oct. 31, 1910

$83,403 00
6,200
15,650
8,350
3,720
22,430
988
6
685
7
4
136
105
6,968

00
00
00
13
06
06
25
69
20
50
86
00
09

$148,654 84
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Security committee
Cash on hand Oct. 31, 1911

.

$17,400
240
4,777
28,762
2,748
29
1,795
10,759
67,100
11,300
115
242
2,322
528
107
426

00
00
00
00
58
00
86
38
00
00
34
62
75
28
29
74

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Nov. 1899
22 $198 16
107
$21,203 12
May 1900
204
38,186 76
23
187 19
Nov. 1900
123
24
176 49
21,708 27
May 1901
25
166 08
107
17,770 56
84
Nov. 1901
26
155 96
13,100 64
182
May 1902
27
146 08
26,586 56
108
Nov. 1902
28
136 46
14,737 68
155
19,705 15
May 1903
29
127 13
137
Nov. 1903
30
118 06
16,174 22
May 1904
227
24,792 94
31
109 22
Nov. 1904
176
32
100 61
17,707 36
292
92 21
26,925 32
May 1905
33
278
Nov. 1905
84 02
23,357 56
34
256
May 1906
35
76 03
19,463 68
312
21,287 76
Nov. 1906
36
68 23
425
May 1907
25,763 50
37
60 62
418
22,237 60
Nov. 1907
53 20
38
16,591 56
361
May 1908
39
45 96
8,441 30
217
38 90
Nov. 1908
40
400
12,804 00
41
32 01
May 1909
42
467
11,810 43
Nov. 1909
25 29
13,729 09
43
733
May 1910
18 73
12 33
508
6,263 64
44
Nov. 1910
5,718 51
939
May 1911
45
6 09
Dues paid in advance .

296 00
$446,363 21

Dues capital
Profits capital
Unpaid dues

$148,654 84
D a t e op E x a m in a t io n , February 21, 23, 24, 25, 27.


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

113

$370,131 00
73,593 21
2,639 00
$446,363 21

[Pub. Doc.

REPORT OF THE

114

HOLBROOK CO-OPERATIVE BANK, HOLBROOK.
TOW N HOUSE, FRANKLIN STREET.

Incorporated May 31, 1888.
W il la r d F . G l e a so n , President.

Began business June 11, 1888.

G eo r g e T. W il d e , Secretary.

G e o r g e T. W il d e , Treasurer.

Board of Directors: L e w is A l d e n , J. B . A u s u n , A . C . B e l c h e r , L e o n ar d B e l c h e r , F . W . B l a n c h a r d ,
F. B . D im a n , L . E. F l y e , Z. A . F r e n c h , F. A . G a r d n e r , A . G . H a n n a , F . L . H a y d e n , E. E.
H o l b r o o k , J oh n K in g , C . H . M c C a r t e r , H o w a r d P l a t t s , J ohn U n d e r h a y .

Security Committee: C. H . M c C a r t e r , Z. A. F r e n c h , F . B. D im a n .
Auditors: F. W. M c C a r t e r , F. A. F i s h e r .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Cash
.
.
.
.

.

$172,600 00
10,800 00
693 38
30
66 74
237 40
8,773 37

.

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Premiums .
Fines
Transfer fees
Withdrawal profits
Personal accounts

00
55
00
70
60
95
52
25
62
00

$193,171 19

$193,171 19

Membership.

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911 .

$155,009
28,581
1,125
3,452
4,485
1
137
1
346
30

655
326
30
40
3,268
1,062

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

91
38
480
172

Profits Distributed.

First term, 3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

148 real estate loans (average, $1,166.22 each; average rate, 6%): 6%, $172,000; 6J^%, $600.
31 share loans (average, $348.39 each; average rate, 6%); 6%, $10,800.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$383.35
1.98

Other Expenses.
$109.99
.57

Total.
$493.34
2.55

No. 8.]

Receipts and

BANK COMMISSIONER.

Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
.
Premiums .
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Retired share account .
Matured share account
Personal accounts
Surplus
.
.
.
.
.
Cash on hand Oct. 31, 1910

$38,748 00
1,900
23,103
2,575
10,688
5
315
2
614
4,672
7,103
62
13
4,074

00
00
00
41
85
38
00
48
15
23
50
00
60

$93,877 60
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Retired share account .
Matured share account
Personal accounts
Dues capital
.
.
.
Cash on hand Oct. 31, 1911

.
.

.

$14,592
3,736
5,640
2,757
2,093
1,624
36,953
5,275
103
493
4,672
7,103
47
13
8,773

00
00
00
63
70
20
00
00
88
34
15
23
10
00
37

$93,877 60

D a t e op E x a m in a t io n , March 30, 31.


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

115

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
$4,973 28
26
June 1900
25 $191 28
36
6,478 20
Dec. 1900
26
179 95
8,614 41
168 91
51
June 1901
27
76
12,030 04
158 29
Dec. 1901
28
6,061 03
29
147 83
41
June 1902
11,019 20
137 74
80
Dec. 1902
30
127 96
8,573 32
31
67
June 1903
6,397 38
32
118 47
54
Dec. 1903
109 23
5,461 50
50
33
June 1904
7,620 52
34
100 27
76
Dec. 1904
9,877 68
35
108
91 46
June 1905
19,701 81
36
237
Dec. 1905
83 13
37
74 93
10,490 20
140
June 1906
206
13,795 82
38
66 97
Dec. 1906
10,544 72
59 24
178
39
June 1907
9,571 90
185
Dec. 1907
40
51 74
6,135 48
138
41
44 46
June 1908
154
5,758 06
37 39
Dec. 1908 ■ 42
4,211 76
138
43
30 52
June 1909
256
6,105 60
44
23 85
Dec. 1909
343
5,961 34
45
17 38
June 1910
4,251 30
383
46
11 10
Dec. 1910
1,225 00
47
245
5 00
June 1911
101 00

Dues paid in advance .

$184,960 55

Dues capital
Profits capital
Unpaid dues

.

$155,009 00
28,581 55
1,370 00
$184,960 55

[Pub. Doc.

REPO RT OF THE

116

HOLYOKE CO-OPERATIVE BANK, HOLYOKE.
243 HIGH STREET.

Incorporated July 24, 1880.
C h a r l e s L . N e w c o m b , President.

Began business August 25, 1880.

F r a n k J. P h e l p s , Secretary.

F r a n k J. P h e l p s , Treasurer.

Board of Directors: W. F . B a c h e l d e r , W. H . B u l l a r d , T . W. D o y l e , J oh n H il d r e t h , J. S. L a s s it e r .
J. H . M o n t g o m e r y , T . D . O ’B r ie n , J a m e s P a r f it t , T . J. T i e r n e y , L. M . T h o r p e .
Security Committee: T. W. D o y l e , J. H. M o n t g o m e r y , Ja m e s P a r f it t .
Auditors: C . P. R a n d a l l , I. E. Sa w y e r , G e o r g e W e b s t e r .
Regular meetings for receipt of moneys the fourth Wednesday of each month.

STATEMENT OF . CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid dues
Unpaid interest .
Unpaid fines
.
.
.
.
Cash

$562,800
32,950
3,450
1,144
3,279
1,975
96
8,866

00
00
00
91
00
57
84
58

Dues capital
Profits capital
Guaranty fund .
Forfeited share account
Profit and loss

00
87
79
35
89

$614,562 90

$614,562 90

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$513,566
84,261
7,021
650
9,062

.

2,466
1,574
10
205
. 10,829
. 3,806

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

321
249
1,635
472

Profits Distributed.

First term,

second term, 2% % .

Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on
series over 5 years old.

Rates and Averages on Loans, October 31, 1911.

344 real estate loans (average, $1,636.04 each; average rate, 5.31%); 5%, $205,650; 5%%, $357,150.
128 share loans (average, $257.42 each; average rate, 5.39%): 5%, $6,650; 534%, $26,300.

Total for Expenses Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$2,175.00
$506.74
3.54
.82

Total.
$2,681.74
4.36

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Temporary expense
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1910

$132,720 00
2,000 00
10,750
99,700
14,050
50
2,520
30,842
1,132
7
1,063
9

00
00
00
00
43
06
71
25

46
00

120 00

295 43
41,860 85
6,056 70
$343,177 89

D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure .
Temporary expense
Forfeited share account
Matured share account
Fines
.
.
.
.
Cash on hand Oct. 31, 1911

$58,761
350
30,545
7,007
36
11,315
159,250
19,400
2,520
2,681
581
41,860

00
00
00
80
00

85

1 36
8,866 58

$343,177 89
D a t e of E x a m in a t io n , July 10, 11, 12.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per Share in Force.
$194
98
79
39
Nov. 1899
92
184 10
40
May 1900
85
173
70
41
Nov. 1900
117
42
163 58
May 1901
133
153 74
43
Nov. 1901
201
144 14
44
May 1902
162
74
134
45
Nov. 1902
325
125 62
46
May 1903
296
116
71
47
Nov. 1903
260
107 99
48
May 1904
270
49
99 50
Nov. 1904
91 23
385
50
May 1905
314
83 13
51
Nov. 1905
389
52
75 26
May 1906
363
67 58
53
Nov. 1906
803
60 07
54
May 1907
605
52 74
55
Nov. 1907
609
45 59
56
May 1908
571
38 62
57
Nov. 1908
755
31 79
58
May 1909
854
25 14
59
Nov. 1909
870
18 62
60
May 1910
897
12 27
61
Nov. 1910
62
6 06 1,375
May 1911
Dues paid in advance .

Total Value.
$19,089
16,937
14,764
19,138
20,447
28,972
21,827
40,826
34,546
28,077
26,865
35,123
26,102
29,276
24,531
48,236
31,907
27,764
22,052
24,001
21,469
16,199
11,006
8,332

42
20
50
86
42
14
88
50
16
40
00
55
82
14
54
21
70
31
02
45
56
40
19
50

332 00
$597,827 87

85

00
00
43
/4
28

117

Dues capital
Profits capital

$513,566 00
84,261 87
$597,827 87

118

[Pub. Doc.

REPORT OF THE

HOME CO-OPERATIVE BANK, WORCESTER.
390 M AIN STREET.

Incorporated June 10, 1882.
E d w a r d P. I n g r a h a m , President.

Began business June 16, 1882.

G e o r g e O. B r id g e s , Secretary.

G e o r g e O. B r id g e s , Treasurer.

Board of Directors: D a v id A r m it a g e , E . J. B a r d w e i .l , A . J. B e a n , A l e x . B e l is l e , A . B . C h a p in ,
W. S. D a d m u n , E . B . G l a s g o w , J. J. H ig g in s , J. W. H u n t , D a n ie l P a r l i n , W. J. S t o n e , W. H .
T o w n e , C . C . W h it c o m b .

Security Committee: D a n ie l P a r l i n , E . J. B a r d w e l l , G . O. B r id g e s .
Auditors: G . W . B r o o k s , W . M . H u n t .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate . .
Loans on shares .
.
.
.
Common form mortgages
Real estate bv foreclosure, etc.
Temporary expense account
Cash
.
.
.
.
.

Liabilities.

$875,050
32,325
2,000
16,397
960
28,523

00
00
00
71
26
53

Dues capital
.
.
.
.
Profits capital
.
.
.
.
Guaranty fund .
.
.
.
Surplus
.
.
.
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
.
Forfeited share account
Security committee

$955,256 50

00
34
00
05
01
57
00
15
38

$955,256 50

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$770,047
142,332
7,100
16,944
17,207
875
12
710
28

Membership.

.
.

3,718
1,991
42
851
13
. 16,755
. 5,331

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

302
235
1,736
450

Profits Distributed.

First term, 2%%-, second term, 2%%.

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

370 real estate loans (average, $2,365, each; average rate, 5.41%): 5%, $434,100; 54|%, $39,750; 5}4%,
$31,300; 5 W c $22,750; 5 W o, $30,900; 5^% , $8,000; 5 W o, $7,900; 5%%, $10,300; 6%, $244,700;
6W 0, $12,200; 6 W 0, $350; 6 *4 %, $7,300; 6J^%, $6,600; 6%%, $3,900; 6 %%, $400; 7%, $5,200;
7Wo, $3,000; 7 W o, $3,200; 7 W o, $2,500; 7%%, $700.
138 share loans (average, $234.24 each; average rate, 5.46%); 5%, $11,900; 5Vg%, $3,500; 5 M%> $1,600;
5Vs%, $1,500; 5 W o , $2,550; 0 W o , $1,650; 5 W o, $850; 5 W o, $750; 6%, $4,875; 6 W c, $1,050;
m % , $750; 6 W 0, $550; 7 W o , $200; 7%%, $550; 7 W o, $50.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,725.97
1.81

Other Expenses.
Total.
$608.32
$2,334.29
.64
2.45

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

00

Dues capital
.
.
.
.
Real estate loans eliminated by
foreclosure
.
.
Real estate 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 .
Forfeited share account
Security committee
Taxes and insurance
Cash on hand Oct. 31, 1910

00
00
00
00
08
75
76
00
87
28
75
20
13
96
78

D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
Temporary expense
Forfeited share account
Security committee
Taxes and insurance .
Cash on hand Oct. 31, 1911

1,838
10,866
99
43,339
770
187,900
19,350
4,440
1,221
2,334
175
152
52
28,523

00
00
00
00
79
77
94
02
00
00
98
04
29
85
44
13
53

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per Share. in Force. Total Value.
113
$21,497 12
37 $190 24
June 1900
178 89
115
20,572 35
38
Dec. 1900
167 92
434
72,877 28
39
June 1901
157
25
457
71,863 25
40
Dec. 1901
572
146 87
84,009 64
41
June 1902
312
136 83
42,690 96
42
Dec. 1902
367
127 08
43
46,638 36
June 1903
117
64
325
44
38,233 00
Dec. 1903
347
108 47
37,639 09
45
June 1904
99
59
314
31,271 26
46
Dec. 1904
431
47
90 95
39,199 45
June 1905
82 58
387
48
31,958 46
Dec. 1905
584
49
74 44
43,472 96
June 1906
66 55
518
34,472 90
50
Dec. 1906
677
58 88
39,861 76
51
June 1907
51 43
896
52
46,081 28
Dec. 1907
45,349 20
44 20 1,026
53
June 1908
54
37 19 1,064
39,570 16
Dec. 1908
30 37 1,372
55
41,667 64
June 1909
56
23 76 1,470
34,927 20
Dec. 1909
57
17 34 1,421
' 24,640 14
June 1910
11 09 1,832
20,316 88
58
Dec. 1910
5 00 1,721
59
8,605 00
June 1911
Suspense dues
Dues paid in advance

20 00

761 00
$918,196 34

Dues capital
Profits capital
Unpaid dues

$484,368 78

D a t e op E x a m in a t io n , May 1, 2, 4, 5, 8, 11, 12.


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

119

$770,047 00
142,332 34
5,817 00
$918,196 34

120

REPORT OF THE

[Pub. Doc.

HOMESTEAD CO-OPERATIVE BANK, BOSTON.
36 BROMFIELD STREET.

Incorporated September 11, 1877.
W a l t e r H . R o b e r t s , President.

Began business September 12, 1877.

W il l ia m D. E l d r e d g e , Treasurer.
W il l ia m D. E l d r e d g e , Secretary.

Board of Directors: E. P . B o s t w ic k , J. C. C o o k , J. W. C o u s in s , W. D. E l d r e d g e , E d r ic E l d r e d g e ,
J oseph H e n d r y , T. R . H u g h e s , J. T. K a l e r , W . S. M a s o n , C . U . M e ig g s , H . P . O a k m a n , J. A.
P a r k e r , W . H . R o b e r t s , J. M . S im p s o n , J oseph U t l e y , J a m e s W a t e r s , C h a r l e s W e s t .

Security Committee: J. M . Sim p so n , W . S. M a s o n , H . P . O a k m a n , W . H . R o b e r t s , J. C . C o o k .
Auditors: H. H. R o b e r t s , C. E. L o w d , A. J. C a r s w e l l .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Temporary expense account
Mortgage balance
Cash
.
.
.
.

Liabilities.

$561,300
22,600
11,932
2,441
243
550
220
18,819

00
00
35
56
64
00
45
65

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Withdrawal profits
Forfeited share account
Retired share account .

$613,107 65

00
81
00
30
68
96
58
73
59

$618,107 65

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$484,473
88,129
7,900
29,883
5,451
274
639
984
370

Membership.

1,715
1.277
6

410
173
9,561
3.278

Added during year
Withdrawn during year
Members Oct. 31, 1911
Bonowers Oct. 31, 1911

192
202

1,132
297

Profits Distributed.

First term, 2)4%

second term, 2}4%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

234 real estate loans (average, $2,398.72 each; average rate, 5.17%); 5%, $366,300; 514%, $65,600;
5 V2%, $84,650; 5%%, $27,600; 6%, $17,150.
81 share loans (average, $279.01 each; average rate, 5.29%); 5%, $10,200; 514%, $1,900; 514%, $8,450;
5%%, $700; 6%, $1,300; 6)^%, $50.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$2,100.00 $1,420.08
3.40
2.30

Total.
$3,520.08
5.70

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Real estate by foreclosure .

$112,745 00
700 00
22,900
61,450
11,050
858
8,167
31,720
1,496
2

1,696

Withdrawal profits
Forfeited profits .
Forfeited share account
Retired share account .
Matured share account

2
8

62,424
11,614
144
12,208

Cash on hand Oct. 31, 1910

00
00
00
79
45
74
52
75
10
32
00
94
73
00
99

$339,190 33
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Real estate by foreclosure

.

Temporary expense
Retired share account .
Matured share account
Surolus
.
.
.
.
Mortgage balance
Cash on hand Oct. 31, 1911

$49,919
108
50,394
25,275
6,786
9
14,389
9,184
73,550
10,350
870
976
3,520
63,262
11,614
1
159
18,819

00
00
00
00
14
28
75
80
00
00
07
37
08
93
73
00
53
65

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date « Issue. Series. per Share. in Force. Total Value.
71
$14,130 42
45 $199 02
Sept. 1899
7,152 74
38
188 23
46
Mar. 1900
125
22,216 25
177 73
47
Sept. 1900
143
23,949 64
167 48
48
Mar. 1901
282
44,409 36
157 48
49
Sept. 1901
260
38,407 20
147 72
50
Mar. 1902
146
20,180 12
138 22
51
Sept. 1902
34,547 8 8
268
52
128 91
Mar. 1903
269
32,245 03
119 87
53
Sept. 1903
35,872 38
323
54
111 06
Mar. 1904
102 47
206
21,108 82
55
Sept. 1904
377
35,471 93
94 09
56
Mai. 1905
25,171 63
85 91
293
57
Sept. 1905
423
32,964 39
77 93
58
Mar. 1906
20,553 95
293
59
70 15
Sept. 1906
592
37,029 60
62 55
60
Mar. 1907
328
18,085 92
55 14
61
Sept. 1907
20,122 20
420
62
47 91
Mar. 1908
23,611 30
40 85
578
63
Sept. 1908
33 97
513
17,426 61
64
Mar. 1909
27 25
697
18,993 25
65
Sept. 1909
792
16,394 40
20 70
66
Mar. 1910
14 31
609
8,714 79
67
Sept. 1910
900
7,272 00
8 08
68
Mar. 1911
2 00
615
1,230 00
69
Sept. 1911
Dues paid in advance .

Dues capital
Profits capital
Unpaid dues

■ r—
of

E x a m in a t io n ,


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

205 00
$577,466 81

$339,190 33

D ate

121

April 17, 18, 20, 21, 22, 24, 25.

$484,473 00
88,129 81
4,864 00
$577,466 81

122

REPO RT OF THE

[Pub. Doc.

HOUSATONIC CO-OPERATIVE BANK, HOUSATONIC.
DEPOT STREET.

Incorporated June 12, 1889.
N a t h a n ie l W a r n e r ,

President.

D. C.

Began business July 1, 1889.

K il l e e n ,

Secretary.

D. C.

K il l e e n ,

Treasurer^

Board of Directors: T. E. B r o w n , E. C. H e r r i c k , A r t h u r K i n n e , M i c h a e l M a l u n p h y , R. II.
M c D o n a l d , F. M. M o o r e , J. A. P r a t t , E. S. T h a t c h e r , E. F. W e r n e r .
Security Committee: F. M.
Auditors:

M oore,

R. H.

M cD o n ald ,

A . J. H a sso n , H . H . R e yn o ld s, N .

J.

T. E.

Brown.

M ohoney.

Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash
.
.
.

.

Liabilities.

$95,300
3,875
183
22
6,223

00
00
03
22
05

Dues capital
.
Profits capital .
Guaranty fund .
Surplus
.
.

.

.
.
.

.
.
.
.

.
.
.
.

$88,154
16,526
535
387

$105,603 30

$105,603 30

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911 .

00
37
14
79

Membership.

.

469
290
18
1,821
585

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

48
24
280
84

Profits Distributed.

First term, 2}4%', second term, 2]4%
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5
years, none.

Rates and Averages on Loans, October 31, 1911.

63 real estate loans (average, $1,512.69 each; average rate, 5.09%): 5%, $78,150; 514%, $1,000: 514%.
$13,000; 5H%, $3,150.
21 share loans (average, $184.52 each; average rate, 5.08%): 5%, $3,050; 5M%, $450; 514%, $325; 5 %%,
$50.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$240.00
2.27

Other Expenses.
.76

Total.
$320.71
3.03

No. 8.]

123

BANK COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

$21,932
14,225
3,375
5,089
153

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
. (
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Cash on hand Oct. 31, 1910

00
00
00
56
05
50
62 29
71 47

$44,908 87
D isbu esem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.
.

$10,055
2,610
1,698
1,000
20,450
2,550
1
320
6,223

00
00
26
18
00
00
67
71
05

$44,908 87

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44

¡ Æ f e . Total Value.
$199
188
177
167
156
147
137
128
118
109
101
92
84
76
68
60
53
46
38
32
25
18
12
6

Dues paid in advance .

11
23
12
20
27
46
26
60
39
42
77
41
79
80
84
119
117
30
89
104
122
158
180
235

18
17
49
05
91
02
37
00
85
93
23
76
47
37
48
79
31
04
95
02
27
72
33
09
1

$2,190
4,327
2,129
3,341
4,236
6,762
3,571
7,680
4,635
4,617
7,794
3,803
6,673
6,109
5,752
7,234
6,237
1,381
3,466
3,330
3,082
2,957
2,219
1,431

98
91
88
00
57
92
62
00
15
06
71
16
13
60
32
01
27
20
55
08
94
76
40
15

30 00
$104,996 37

Dues capital
Profits capital
Unpaid dues

$88,154 00
16,526 37
316 00
$104,996 37

D a te of E x a m in a tio n , September 18.


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

[Pub. Doc.

REPORT OF THE

124

HUDSON CO-OPERATIVE BANK, HUDSON.
60 M AIN STREET.

Incorporated October 22, 1885.

Began business November 19, 1885.

A rthur T . K nig h t , President.

R ufus H . H apgood , Treasurer.

Miss A . M. D u r a n , Secretary.
Board of Directors: J. H . B arr ett , F. E. B r o w n , C. E. H a l l , E. S. L ocke , C. A . P a ck ard , C. H.
P ersons , C. J. Sa w y e r , A lson T a yl o r , T homas T a yl o r , J ohn T o w e r , C. F. W elch , B a x t e r
W h e e l e r , A . E. W oodbury .
Security Committee: R. H . H apgood , N. G. T ripp , R. S. L a m son .
Auditors: G. B. C ochran , F. P. G lazier , G. A. T ripp .
Regular meetings for receipt of moneys the third Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest
Cash
.
.
.
.

$343,550 00
18,765 00
200 00

1,236 02
15,086 33

$303,289
59,201
7,900
8,339
68
7

00
77
00
01
26
96
25
31 10

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Forfeited share account

$378,837 35

$378,837 35

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.

.
.

1,105
722
1
30
140
5,627
2,061

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

141
108
808
307

.

Profits Distributed.

First term, 2J^%; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

268 real estate loans (average, $1,281.90 each; average rate, 5.54%): 5J^%, $310,850; 6%, $32,700.
65 share loans (average, $288.69 each; average rate, 5.50%): 5)^%, $18,715; 6%, $50.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

$988.34
2.61

Other Expenses.
$1,088.51
2.87

Total.
$2,076.85
5.48

125

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Date of Issue. Series. Value

R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
Fines
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account
Cash on hand Oct. 31, 1910

.

$67,668
29,550
12,025
2
19,663
586
2

1,065
13
18,387

00
00
00
00
94
24
00
63
31
00
00

$148,963 12
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

$30,995
13
4,068
20,720
4,259
1

-T
'

.

1,340
7,380
52,850
9,750
7
415
2,076
15,086

00
00
00
00
68
25
46
17
00
00
16
22
85
33

$148,963 12

Nov.
May
Nov.
May
Nov.
Ma y
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

$196
186
175
165
155
145
136
127
118
109
100
92
83
75
68
60
53
45
38
31
25
18
12
6

Dues paid in advance .

70
04
66
40
58
84
35
07
02
17
58
17
95
96
16
56
12
90
85
97
26
71
32
09

Shares
87
55
79
94
96
147
129
231
226
134
162
178
297
302
177
362
166
152
379
322
396
421
433
602

Total Value.
$17,112
10,232
13,877
15,547
14,935
21,438
17,589
29,353
26,672
14,628
16,293
16,406
24,933
22,939
12,064
21,922
8,817
6,976
14,724
10,294
10,002
7,876
5,334
3,666

90
20
14
60
68
48

15
17

52
78
96
26
15
92
32
72
92
80
15
34
96
91
56
18

460 00
$364,101 77

Dues capital
Profits capital
Unpaid dues

$303,289 00
59,201 77
1,611 00
$364,101 77

D a te op E x a m in a tio n , August 2, 3, 4.


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

126

[Pub. Doc,

REPO RT OF THE

HYDE PARK CO-OPERATIVE BANK, HYDE PARK.
7 WEST RIVER STREET.

Incorporated March 26, 1886.
R andolph

P.

M oseley,

President.

G eorge

T.

Began business May 5, 1886.
B rady,

Secretary.

G eorge

T.

B rady,

Treasurer.

Board of Directors: H. E.

A s t l e y , L. M. B i c k f o r d , G. T. B r a d y , C a r l e t o n C a m m e r o n , H. A.
C o l l i n s , A l b e r t D a v e n p o r t , H o w a r d J e n k i n s , C . F. J e n n e y , W i l l i a m K i n g , E. W. L e w i s ,
J . S . L o v e j o y , R. P. M o s e l y , C . F. M o r r i s o n , J . E. S h e r i d a n .

Security Committee: J. E.

Sh e r id a n , A l b e r t D a v e n p o r t ,

Auditors:

B. E.

S.

F.

T ic k n o r ,

P h il l ip s ,

G. E.

L. M.

B ic k f o r d .

Stan fo r d .

Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares
Common form mortgages
Real estate by foreclosure, etc.
Unpaid fines
Temporary expense account
Insurance and taxes paid
Office furniture and fixtures
Cash
.
.
.
.

Liabilities.

.

$471,750
22,850
8,700
2,862
2
577
22
274
4,615

00
00
00
28
98
27
00
75
53

Dues capital
.
.
Profits capital
.
.
Guaianty fund .
.
Surplus
.
.
.
Interest
.
.
Transfer fees
.
.
Withdrawal profits
Personal accounts

.
.
.
.

.
.
.
.

.

.

$511,654 81

00
66
50
07
60
00
23
75

$511,654 81

M embership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$420,433
78,393
4,154
5,109
2,972
2
550
39

.
.

.
.

1,820
1,372
9
50
208
8,714
2,822

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

218
198
1,205
359

Profits Distributed.

First term, 2J^%; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

260 real estate loans (average, $1,814.42 each; average rate, 5.08%); 5%, $401,750; 5}^%, $28,900; 5J^%,
$9,350; 5 ^ % , $18,450; 6%, $7,400; 6 ^ % , $4,900; 6 ^ % , $1,000.
99 share loans (average, $230.80 each; average rate, 5.56%); 5%, $10,770; 5 M%, $340; 5 lA %, $1,670;
5 M%, $1,030; 6%, $5,340; 6M%, $1,680; 6 ^ % , $1,350; 6M%, $30; 7%, $490; S%%, $100; 14%,
$50.
Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

Salaries.
.......................................$2,282.32
.......................................
4.46

Other Expenses.
$512.93
1.00

Total.
$2,795.25
5.46

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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
Security committee
Suiplus
.
.
.
.
Cash on hand Oct. 31, 1910 .

1,800

8,805
$219,876

D is b t j b s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Taxes
.
.
.
.
Office furniture and fixtures
Cash on hand Oct. 31, 1911

$42,490
90
7,243
30,779
5,031
17
2,606
10,842
93,500
17,340
1,883
509
2,795
99
13
20
4,615

$219,876 61

D ate of E xam in a tio n , April 3, 4, 5, 6, 7.


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

Reconciliation of Share Account w ith Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
$22,988 88
Sept. 1899
116
27 $198 18
33,194 58
187 54
177
28
00 Mar. 1900
19,659 21
111
29
177 11
Sept. 1900
20,698 08
124
30
166 92
00 Mar. 1901
28,426 05
157 05
181
31
00 Sept. 1901
238
35,078 82
32
147 39
00 Mar. 1902
152
20,966 88
137 94
33
00 Sept. 1902
249
32,048 79
34
128 71
00 Mar. 1903
17,597 37
147
35
119 71
14 Sept. 1903
261
28,957 95
48 Mar. 1904
36
110 95
167
17,097 46
37
102 38
75 Sept. 1904
15,514 95
94 03
165
38
66 Mar. 1905
19,063 14
222
39
85 87
41 Sept. 1905
295
22,980 50
40
77 90
45 Mar. 1906
15,987 36
41
228
70 12
00 Sept. 1906
324
20,259 72
42
62 53
05 Mar. 1907
15,874 56
288
43
55 12
67 Sept. 1907
19,778 57
44
413
Mar. 1908
47 89
20,256 64
496
45
40 84
61 Sept. 1908
22,141 92
652
Mar. 1909
46
33 96
15,832 25
581
47
27 25
Sept. 1909
16,746 30
809
Mar. 1910
48
20 70
11,562 48
49
14 31
808
CO Sept. 1910
7,999 20
990
Mar.
1911
8
08
00
50
1,040 00
2 00
520
51
00 Sept. 1911
00
499 00
36 Dues paid in advance .
64
$502,250 86
00
46
00
$420,433 00
00 Dues capital
78,393 66
70 Prefits capital
3,424 00
60 Unpaid dues
25
$502,250 66
45
62
00
53

$103,490 00

15,650
43,400
18,860
70
96
25,184
1,066
6
1,257
4
99
86

127

128

REPO RT OF THE

[Pub. Doc.

INDEPENDENT CO-OPERATIVE BANK, WORCESTER.
314 M AIN STREET.

Incorporated May 8, 1911.
A lbert

F.

Began business May 31, 1911.

President.

R ic h a r d s o n ,

C.

H arry

H arry

C.

R o b in s o n ,

R o b in s o n ,

Board of Directors: W. H.

B a l c o m , H. A. B a l l o u , B . J. B e r t e l s , H. E. B u l l a r d , M .
F r e d e r i c k M i d g l e y , C. N e l s o n , A. F . R i c h a r d s o n , C. C . S c o t t .

Security Committee:
Auditors: F. A.

F r e d e r ic k M id g l e y ,

H. O.

M in o r ,

Strong,

J. J.

Pow er,

Jr., L. R.

Treasurer.

Secretary.

H. E.

E.

C ostello,

B ullard.

P a r t r id g e .

Regular meetings for receipt of moneys the last Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Permanent expense account
Temporary expense account
Cash
.
.
.
.

Liabilities.

$800
177
127
1,681

00
80
25
46

Dues capital
Interest
.
Fines
.

.
.
.

.

.
.
.

.
.

.
.
.

$2,786 51

$2,786 51

M embership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$2,758 00
24 39
4 12

581
58
523
5

Added during year
Withdrawn during year
Members Oct. 31, 1911 .
Borrowers Oct. 31, 1911

.

98
8
90
2

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

2 real estate loans (average, $400 each; average rate, 6J4%,): 6M%> $800.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$39.00
14.00

Other Expenses.
$266.05
95.48

Total.
$305.05
109,48

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Interest
.
Fines
.

129

BAN K COMMISSIONER,

No. 8.]

.
.
.

.
.
.

.
.
.

.
.
.

$2,943 00
24 39
4 12
$2,971 51

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pS
May
Aug.

1911
1911

1
2

are. A c m e . Total Value.

$6 00
3 00

Dues paid in advance .

436
87
.

.

$2,616 00
261 00
21 00
$2,898 00

D isbursem ents .

Dues capital withdrawn
Real estate loans
.
Temporary expense
.
Permanent expense
.
Cash on hand Oct. 31, 1911

.
.
.
.

.

.

.
.
.

$185 00
800 00
127 25
177 80
1,681 46
$2,971 51

D a te op E xam in a tio n , November 2.


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

Dues capital
Unpaid dues

.
.

.
.

.
.

.
.

$2,758 00
140 00
$2,898 00

130

REPO RT OF THE

[Pub. Doc.

JOSEPH WARREN CO-OPERATIVE BANK, BOSTON.
2370 W ASHINGTON STREET (RO XBU R Y DISTRICT).

Incorporated April 26, 1910.
F rank

D . L it t l e f ie l d ,

President.

F rank

E.

Began business May 16, 1910.
G ruff,

Secretary.

F rank

E.

G ruff,

Treasurer.

Board of Directors: A . G. A n d e r s o n , R . F . A n d r e w s , A u g u s t u s B a c o n , F . G. C r e s s e t , G.W . C u r t i s ,
J . G. F e r g u s o n , E. S. F i e l d s , M. J . F i n n , A . J . F o s t e r , W. J . K e l l y , W. S. L i t t l e f i e l d , F . M.
R u g g , E. J . R y a n , J o s h u a S e a v e r , M. F . S h a y , J . L . W e b b e r , D u a n e W h i t e .
Security Committee: R. F.
Auditors: W. O.

C u r t is ,

A ndrew s,

G. H.

J. G.

F erguson,

C orey, A .

L.

W. S.

L it t l e f ie l d ,

M.

F . Sh a y , D u a n e W h i t e .

B acon.

Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OP CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash
.
.
.
.

Liabilities.

$87,900
1,975
150
47
598
6,964

00
00
82
55
34
27

Dues capital
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Transfer fees
.
.
.
Forfeited share account

.
.
.
.

$97,635 98

00
42
00
00
25
31

$97,635 98

Shares.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$94,186
3,143
70
80
2
154

M embership.

.
.
.

3,543
1,208
108
7,184
769

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

444
227
1,058
72

Profits Distributed.

First term, 1M%; second term, 1% % ; third term
1M %; fourth term, 1M%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

37 real estate loans (average, $2,375.68 each; average rate, 5.45%): 5%, $12,400; 5 $ 2 , 5 0 0 ; 5% %
$66,500; 6%, $6,500.
35 share loans (average, $56.43 each; average rate, 6%); 6%, $1,975.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$352.00
3.61

Other Expenses.
$337.26
3.45

Total.
$689.26
7.06

131

BAN K COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Date of Issue. Series. pJrX

R e c e ip t s .

Dues capital
.
Real estate loans repaid
Share loans repaid
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees „ .
Temporary expense
.
Forfeited share account
Cash on hand Oct. 31, 1910

.

.
.
.

.
.
.
.
.
.

Reconciliation of Share Account with Dues
and Profits Capital.

.
.
.

$77,447 00
3,200 00
830 00
3,352 39
296 46
2 25
316 62
223 97
455 51

May
Aug.
Nov.
Feb.
May
Aug.

1910
1910
1910
1911
1911
1911

1
2
3
4
5
6

$18
15
12
9
6
3

e. ¡ X T e . Total Value.
3,444
583
434
1,355
783
585

70
48
31
18
08
02

Dues paid in advance .

.

.

D is b u r s e m e n t s .

.
.
.
.
.
.

.

.
.
.
.
.
.
.

$10,564 00
232 01
64,600 00
2,805 00
719 26
170 00
69 66
6,964 27
$86,124 20

D ate

of

E x a m in a t io n ,


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

July 28, 29.

80
84
54
90
64
70

919 00
$98,655 42

$86,124 20

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
.
Share loans
.
.
.
Temporary expense
.
Permanent expense
.
Forfeited share accountCash on hand Oct. 31, 1911

$64,402
9,024
5,342
12,438
4,760
1,766

Dues capital
Piofits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$94,186 00
3,143 42
1,326 00
$98,655 42

REPORT OF THE

132

.[Pub. Doc.

LAFAYETTE CO-OPERATIVE BANK, FALL RIVER.
86 BEDFORD STREET.

Incorporated April 11, 1894.
John

B.

H uard,

President.

Sa m u e l

E.

Began business May 2, 1894.

R o b in s o n ,

Secretary.

E.

Sa m u e l

R o b in s o n ,

Treasurer.

Board of Directors: F. H. B o r d e n , J. C. B r a d y , A. B. B r a y t o n , A m a b l e C h o u i n a r d , E d m o n d C o t e ,
A. S. F u r t a d o , J. B. H u a r d , J. E. H u a r d , A. S. L e t o u r n e a u , W i l l i a m M a r s h a l l , J o s e p h
M e n a r d , N a t h a n M i l l e r , C. E. P e l o q u i n , A. S. P h i l l i p s , S. E. R o b i n s o n , R . C. S m a l l , J r .,
W. F. W i n t e r .
Security Committee: J. B.
Auditors:

H uard, N athan

M il l e r ,

L o u is L e t e u d r e , J . D . L in c o u r t , I .

F.

C. E.

P e l o q u in .

M a n c h e s t e r , Jr.

Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.

Assets.
Loans on real estate
Loans on shares .
Unpaid interest .
Temporary expense account.
Cash
.
.
.
.

Liabilities.
.

$227,625
6,600
243
535
3,065

00
00
99
48
34

Dues capital
Profits capital
Guaranty fund
Surplus
.
Interest
.
Fines
.
Forfeited share

.
.
.

.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
account

.
.
.
.
.
.

$238,069 81

00
86
38
93
27
37
00

$238,069 81

Shares.
Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$199,535
23,692
2,510
5,979
6,235
98
18

Membership.
. .

.
.
.
.
.

2,223
1,410
50
6,034
1,568

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

215
129
592
123

Profits Distributed.

First term, 2h£% ; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

101 real estate loans (average, $2,253.71 each; average rate, 5J^%): 5J^%, $227,625.
42 share loans (average, $157.14 each; average rate, 5J^%): 5J^%, $6,600.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$750.00
3.15

Other Expenses.
Total.
$295.03
$1,045.03
1.23
4.38

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.

$71,640
21,150
5,150
14,800
12,223
171
2,822

00
OC
00
00
93
70
15

$127,957 78
D isbu ksem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Uncompleted mortgage loans
Interest
.
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

Reconciliation of Share Account w ith Dues
and Profits Capital.

Date of Issue.

R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Cash on hand Oct. 31, 1910

$36,580
7,400
4,726
2,643
50,275
7,300
14,800
123
1,045
3,065

00
00
29
10
00
00
00
02
03
34

$127,957 78

133

Nov.
May
Nov.
May
Nov.
May
Nov.
Nov.
May
Nov.
May
Nov.
May
NovT
May
Nov.
May
Nov.
Ma y
Nov.
May
Nov.
May

Series. Value

1899
1900
1900
1901
1901
1902
1902
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

12
13
14
15
16
17
18
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

$192
181
171
161
151
142
132
115
106
98
89
81
74
66
59
51
44
37
31
24
18
12
6

Dues paid in advance .

08
60
39
42
70
21
95
11
51
12
94
96
17
57
16
93
87
98
27
72
33
09
00

Shares Total Value.
63
59
36
30
46
51
32
46
11
37
174
84
154
210
153
226
292
228
780
730
689
773
1,130

$12,101
10,714
6,170
4,842
6,978
7,252
4,254
5,295
1,171
3,630
15,649
6,884
11,422
13,979
9,051
11,736
13,102
8,659
24,390
18,045
12,629
9,345
6,780

04
40
04
60
20
71
40
06
61
44
56
64
18
70
48
18
04
44
60
60
37
57
00

45 00
$224,431 86

Dues capital
Profits capital
Unpaid dues

$199,535 00
23,692 86
904 00
$224,131 86

D a t e op E x a m in a tio n , November 23, 24.


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

[Pub. Doc.

REPO RT OF THE

134

LAWRENCE CO-OPERATIVE BANK, LAWRENCE.
586 ESSEX STREET:

Incorporated March 12, 1888.
John P a is l e y , President.

Began business April 6, 1888.

W illiam A. W h it n e y , Secretary.

W illiam A. W h it n e y , Treasurer.

Board of Directors: W. E. B b a d b u r y , F. G. B r aine rd , F. N. C h an d l er , A n d rew C r aig , F. H. E a to n ,
I. H. G il m a n , W illiam H e n d r y , C olin K err , John M oorehouse , John Pa is l e y , R. F. P ic ke ls ,
J. F. S e w e l l , Jam es S outar , E . C. St ieg le r , C harles W ar d r o be .
Security Committee: C olin K err , A nd r e w C r aig , J. H . G il m a n .
Auditor: F. G. K a e ssm ann .
Regular meetings for receipt of moneys the first Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

$652,500
29,365
1,457
183
129
6,473

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash
.
.
.
.

00
00
49
12
00
71

Dues capital
Profits capital .
Guaranty fund .
Surplus
Forfeited share account

$570,635
105,911
5,010
8,485
65

$690,108 32

$690,108 32

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

.
.
.
.

00
97
00
77
58

.
.
.
.
.
.

.
.
.
.
.
.

.

2,806
. 2,336
.
45
.
252
.
11,736
.
4,274

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

Profits Distributed.

302
316
1,391
403
*

First term, 2Mi% : second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on
series from 5 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

336 real estate loans (average, $1,941.96 each; average rate, 5.06%); 5%, $610,600; 5 $ 1 , 8 0 0 ; 6%,
$34,900; 6 ^ % , $5,200.
152 share loans (average, $193.19 each; average rate, 5.15%); 5%, $25,165; 6%, $3,500; 6J^%, $610;
7 ^ % , $90.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

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

Salaries.
$2,290.77
3.32

Other Expenses.
Total.
$843.19
$3,133.96
1.22
4.54

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, 7ear ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
foreclosure
.
.
Real estate 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 .
.
.
.
Cash on hand Oct. 31, 1910

$146,778 00
9,000 00
12,800
110,750
17,605
9,769
34,144
1,040
4
737
9
14,629

00
00
00
78
21
19
75
13
73
71

$357,268 50
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital'matured
Real estate loans
Share loans
Real estate by foreclosure
Intel est
.
.
.
.
Temporary expense
.
.
.
.
Surplus
Withdrawal profits
Interest repaid .
Fines repaid
Cash on hand Oct. 31, 1911

$86,759
518
37,266
14,428
38
13,171
163,700
21,275
9,769
610
3,133
22

00
00
00
43
73
88
00
00
78
41
96
98
50
97 02
3 10
6,473 71

$357,268 50

D a t e of E x a m in a t io n , June 12, 13, 14.


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

135

Reconciliation of Share Account w ith Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
$21,391 25
Nov. 1899
24 $196 25
109
25
185 54
80
14,843 20
May 1900
26
175 10
36,420 80
Nov. 1900
208
164 92
25,727 52
May 1901
27
156
42,616 75
28
154 97
Nov. 1901
275
145 32
46,066 44
29
317
May 1902
42,672 60
135 90
314
30
Nov. 1902
45,467 35
31
126
65
359
May 1903
32
117 67
23,887 01
Nov. 1903
203
108
91
30,168 07
1904
33
277
May
34
100 38
21,079 80
Nov. 1904
210
92
02
462
24
1905
35
42,513
May
36
83 87
27,760 97
Nov. 1905
331
69
75
91
359
27,251
37
May 1906
402
27,392 28
Nov. 1906
38
68 14
29,306
39
60
55
484
20
May 1907
409
21,734 26
Nov. 1907
40
53 14
41
45
91
527
24,194
57
1908
May
42
26,735 68
38 86
688
Nov. 1908
32,395
74
1909
31
98
1,013
May
43
24,461 36
44
25 27
968
Nov. 1909
21,902 40
45
18 72 1,170
May 1910
16,102 98
12 33 1,306
Nov. 1910
46
47
6
09
1,109
6,753 81
May 1911
352 00

Dues paid in advance .

$679,197 97

Dues capital
Profits capital
Unpaid dues

.

$570,635 00
105,911 97
2,651 00
$679,197 97

REPO RT OF THE

136

[Pub. Doc.

LEOMINSTER CO-OPERATIVE BANK, LEOMINSTER.
42 M AIN STREET.

Incorporated May 8, 1888.
J oseph P. H olman , President.

Began business May 18, 1888.

J. W abd H e a l e y , Secretary.

J. W abd H e a l e y , Treasurer.

Board of Directors: R. B . A n d e e w s , C . E. B ig e l o w , L. W. B bo w n in g , R. L. C a b t e b , H . R. D a v is ,
F. S. F a b n sw o b t h , J. W. H e a l e y , J. P. H olm an , E. F. P ie e c e , F. J. Sh a w , C . H . T e n n e y ,
F. W. T e n n e y .
Security Committee: C. E. B ig e l o w , F. S. F a b n sw o b t h , E. F. P iebc e .
Auditors: A. N. L itch , A. R. H ess, F. H. C ook.
Regular meetings for receipt of moneys the third Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
.
Unpaid interest .
.
Cash
.
.
.

.
.
.

Liabilities.

$504,905
16,490
915
17,651

.
.
.

00
00
69
62

Dues capital
Profits capital
Guaranty fund
Surplus
.
.

.
.

.

$539,962 31

.
.
.
.

00
11
20
00

$539,962 31

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

$446,628
82,612
3,222
7,500

Membership.

.
.
.
.
.

.

.
.

.
.
.

.
.
.
.

2,468
1,518
184
9,509
3,144

Added during year
Withdrawn during year
Membeis Oct. 31, 1911
Borrowers Oct. 31, 1911

.

241
161
1,125
340

Profits Distributed.

First term, 2%% ; second term, 2M%.
Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

277 real estate loans (average, $1,822.76 each; average rate, 5.69%); 5%, $157,655; 6%, $347,250.
63 share loans (average, $261.74 each; average rate, 5.92%); 5%, $1,275; 6%, $15,215.

Total Expenses for Year.

Amount paidTfor .
Cost per $1,000 of assets


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

Salaries.
$900.00
1.67

Other Expenses.
$689.62
1.28

Total.
$1,589.62
2.95

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdiawal profits
Temporary expense
Taxes
.
.
.
.
Application fees .
Cash on hand Oct. 31, 1910

$114,096 00
1,600
95,500
13,715
28,391
583
4
542
175
58
100
7,838

00
00
00
27
92
75
51
00
78
00
32

$262,605 55

D isbtjesements.
Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
.
.
■.
Share loans
.
.
.
.
Interest
.
.
.
.
.
Temporary expense
Taxes
.
.
.
.
.
Suspense account
Profit and loss .
.
.
.
Cash on hand Oct. 31, 1S11

$45,655
27,232
5,450
9,620
139,275
15,165
659
1,764
120
10
1
17,651

00
00
01
64
00
00
87
62
54
00
25
62

$262,605 55

137

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share. income. Total Value.
24 $197 16
100
$19,716 00
Nov. 1899
25
186 41
91
May 1900
16,963 31
26
175 95
136
Nov. 1900
23,929 20
165 74
62
May 1901
27
10,275 88
28
155 76
203
Nov. 1901
31,619 28
29
146 04
164
May 1902
23,950 56
30
136 57
200
Nov. 1902
27,314 00
249
May 1903
31
127 31
31,700 19
32
118 29
205
Nov. 1903
24,249 45
109 47
33
129
14,121 63
May 19G4
34
ICO 86
221
Nov. 1904
22,290 06
35
92 44
323
May 1905
29,858 12
36
84 23
562
Nov. 1905
47,337 26
May 1906
37
76 20
354
26,974 80
38
68 39
349
Nov. 1906
23,868 11
39
May 1907
60 78
387
23,52 1 86
40
53 33
307
Nov. 1907
16,372 31
41
46 08
449
May 1908
20,689 92
464
Nov. 1908
42
38 99
18,091 36
32 08
43
689
May 1909
22,103 12
44
25 35
652
Nov. 1909
16,528 20
957
May 1910
45
18 77
17,962 89
12 35 1,124
46
Nov. 1910
13,881 40
May 1911
47
6 10 1,132
6,905 20
Dues paid in advance .

676 00
$530,900 11

Dues capital
Profits capital
Unpaid dues

$446,628 00
82,612 11
1,660 00
$530,900 11

D ate of E x a m in a t io n , July 31, August 1.


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

138

REPO RT OF THE

[Pub. Doc.

LINCOLN CO-OPERATIVE BANK, LYNN.
191 NORTH COM M ON STREET.

Incorporated April 7, 1909.
W illiam M. B a r n e t , President.

Began business April 26, 1909.

E dw ard M. B a r n e y , Secretary.

E dw ard M. B a r n e y , Treasurer.

Board of Directors: E. E. B oy e r , G. H . B r ee d , E. P. B utterfield , T homas C a m pbell , 2d, W . A .
C am pbell , T. S. D u m as , J. M. H older , W. M. N y e , H . A. P a r k e r , A. E. Q u ic k , H . A. Sw e t t ,
C. E. W il k in s , C. G. W oodbridge .
Security Committee: W. M. B a r n e y , W. A. C am pbell , C. E. W il k in s .
Auditors: P. E. B essom , E. H. K e ll e y , H. R. F r ench .
Regular meetings for receipt of moneys the last Monday of each month.

STATEM ENT OF „CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Cash
.
.
.
.

$26,132
30
326
5
1,473

60
00
96
00
67

Dues capital
Profits capital
Guaianty fund .
Surplus
.
Interest
Fines
Forfeiture profits
Forfeited share account

$27,968 23

.

.

.
.
.

.
.
.

00
58
00
96
55
24
90
18 00

$27,968 23

Shares.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

$26,158
1,319
22
356
88
4

M embership.

.

.
.
.
.

.

.
.
.
.

.

446
261
5
1,385
144

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

71

31
169
15

Profits Distributed.

First term, Vyi%\ second term, 1A.%', third term,
1/i%; fourth term, l'A%.
Proportion of profits retained on voluntary withdrawals, the January and July dividends if shares are
withdrawn after these dividends are declared and before the April and October bank days; other­
wise, none.
Rates and Averages on Loans, October 31, 1911.

16 real estate loans (average, $1,633.29 each; average rate, 5.71%): 5}4%, $15,107.60; 6%, $11,025.
1 share loan (average, $30; average rate, 6%): 6%, $30.

Total Expenses for Year.

Amount paid f o r ....................................................................
Cost per $1,000 of assets
.
.
.
.
.
.


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

Salaries.
-

Other Expenses.
$283.03
1.01

Total.
$283.03
1.01

BAN K COMMISSIONER.

No. 8.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Foifeited shaie account
Personal accounts
Cash on hand Oct. 31, 1910

.
.

$14,577
5,050
1,256
66
23

00
00
16
84
10
90
5 00
7 00
164 81

$21,150 81

.

$2,781 00
5 00
98 61
90
16,532 60
30 00
103 92
119 11
6 00
1,473 67
$21,150 81

D a te of E x a m in a tio n , November 6.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value

Shares

April
July
Oct.
Jan.
April
July
Oct.
Jan.
April
July
Oct.

411
59
135
108
77
85
94
41
182
100
93

1909
1909
1909
1910
1910
1910
1910
1911
1911
1911
1911

1
2
3
4
5

6
7
8
9

10
11

$32
29
26
22
19
16
13
10
7
4
1

96
59
25
96
70
48
31
18
08
02
00

Dues paid in advance .

D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdiawn
Profits capital forfeited
Real estate loans
Share loans
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Cash on hand Oct. 31, 1911

139

Total Value.
$13,546
1,745
3,543
2,479
1,516
1,400
1,251
417
1,288
402
93

56
81
75
68
90
80
14
38
56
00
00

9 00
$27,694 58

Dues capital
Profits capital
Unpaid dues

«

•

$26,158 00
1,319 58
217 00
$27,694 58

140

REPO RT OF THE

[Pub. Doc.

LOWELL CO-OPERATIVE BANK, LOWELL.
53 CENTRAL STREET.

Incorporated April 29, 1885.

Began business May 14, 1885.

A rtemas B. W oodworth , President. W illiam D. B r o w n , Secretary. W illiam D. B r o w n , Treasurer.

Board of Directors: F. E. A ppleton , E. S. B ickford , F. E. B r am hall , W. D. B r o w n , A dam C och­
r a n e , T homas C ollins , S ou th w ell F arrin gto n , O. H. P. G r e e n , John K err , S. R . K it ch en ,
James M u r k la n d , G. C. O sgood , W. H. P e n n , W. F. Sa nb or n , C. L. S m ith , G. H. T a yl o r ,
A . B. W oodworth .

Security Committee: G. H. T ayl o r , W. F. Sa n b o r n , C. L. S m it h .
Auditors: L. F. P a u l in t , H. L. B ishop , S. A. G r e a t h e a d .
Regular meetings for receipt of moneys the first Friday after the tenth of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Liabilities.

$773,955
37,900
2,372
273
49,952

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash

00
00
19
42
29

Dues capital
Profits capital
Guaranty fund
Surplus

$727,198
126,131
4,359
6,763

$864,452 90

$864,452 90

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured duiing year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

OO
75
18
97

Membership.

.
.

3,793
2,568
10
245
. 15,759
. 5,249

Added during vear
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 3i, 1911

.

530
370
2,322
627

Profits Distributed.

First term, 2J^%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 10% on
series over 4 years old.

Rates and Averages on Loans, October 31, 1911.

509 real estate loans (average, $1,520.54 each, average rate, 5%): 5%, $763,055; 5 M%, $10,300; 5% % ,
$600.
118 share loans (average, $321.18 each; average rate, 5.04%): 5%, $35,160; 5K% . $2,020; 5%%, $485;
6H%, $50; 7%, $60; 8%, $50; 8M%, $75.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 o f assets


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

Salaries. Other Expenses.
$2,233.49
$763.20
2.58
.88

Total.
$2,996.69
3.46

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.

$193,349 00
2,000 00
6,000
74,950
25,545
1,645
40,437
1,184
6
1,276
4
420
34,987

00
00
00
27
79
07
50
95
97
12
73

$381,807 40
D isbttbsements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Cash on hand Oct. 31, 1911

Reconciliation of Share Account w ith Dues
and Profits Capital.

Date of Issue.

R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosuie
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Temporary expense
Cash on hand Oct. 31, 1910

$82,830
310
36,750
10,208
49
13,330
159,550
23,765
1,645
3,416
49,952

00
00
00
18
70
15
00
00
27
81
29

$381,807 40

141

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

1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

Value
Series. per
Share.
29 $204 09
30
193 39
182 94
31
32
172 77
162 83
33
34
153 14
35
143 69
36
134 44
125 41
37
38
116 65
39
107 97
40
99 59
41
91 37
42
83 32
75 46
43
44
67 76
45
60 24
46
52 90
47
45 73
48
38 73
49
31 89
50
25 21
51
18 68
52
12 31
53
6 08

Dues paid in advance .

Shares
in Force. Total Value.
221
$45,103 89
19,532 39
101
232
42,442 08
161
27,815 97
252
41,033 16
220
33,690 80
264
37,934 16
242
32,534 48
208
26,085 28
295
34,411 75
208
22,457 76
361
35,951 99
484
44,223 08
491
40,910 12
482
36,371 72
664
44,992 64
594
35,782 56
882
46,657 80
694
31,736 62
1,007
39,001 11
1,271
40,532 19
1,502
37,865 42
1,618
30,224 24
1,618
19,917 58
1,687
10,256 96
423 00
$857,888 75

Dues capital
Profits capital
Unpaid dues

$727,198 00
126,131 75
4,559 00
$857,888 75

D ate of E xam in a tio n , June 26, 27, 28, 29, 30, July 1, 3, 5.


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

142

REPO RT OF TH E

[Pub. Doc.

LYNN CO-OPERATIVE BANK, LYNN.
343 UNION STREET.

Incorporated November 18, 1891.
J oseph W . H a e d in g , President.

Began business November 23, 1891.

R alph W . P u t n a m , Secretary.

R alph W . P u t n a m , Treasurer.

Board of Directors: F. D. M a y o , H. R. M a y o , H. L. N il e s , I. W. P e e k in s , G. E. P o w e e s , W. T.
R e e d , F. A. S m ith , F. A. T bafto n , F. E. W ells , E. S. W h it n e y .
Security Committee:JF. D. M a y o , J. W . H a e d in g , R . W . P u t n a m .
Auditors: F eed M il le e , C .IB . B e th u n e , Joshua M ills .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.

Assets

Liabilities.

.

Loans on real estato
Loans on shares .
Unpaid interest .
Unpaid fines
Cash

$459,840
13,635
652
1
5,957

00
00
78
86
76

.

Dues capital
Profits capita!
Guaranty fund
Surplus
Forfeited share account

$480,087 40

00
03
00
31
06

$480,087 40

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$416,818
58,778
1,250
3,117
124

Membership.

.
.

3,694
2,415
8
9
. 11,256
. 2,938

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

327
252
1,235
307

Profits Distributed.

First term, 2J^%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

258 real estate loans (average, $1,782.32 each; average rate, 5.45%); 5%, $50,300; 5K%, $2,400; 5H%>
$405,040; 6%, $2,100.
73 share loans (average, $186.78 each; average rate, 5.50%): 5 YA7c $13,635.

T otal Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

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

Salaries.
$865.38
1.80

Other Expenses.
$545.90
1.14

Total.
$1,411.28
2.94

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
Transfer fees
Forfeited share account
Cash on hand Oct. 31, 1910

$133,954
86,857
9,595
23,306
449
2
13
7,229

00
00
00
62
06
50
08
26

$261,406 52
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

$68,056
13
1,332
8,209
471
161,630
14,305
20
1,411
5,957

00
00
00
55
08
33
00
00
52
28
76

$261,406 52

143

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Nov. 1899
17 $196 43
1
$196 43
May 1900
18
185 70
10
1,857 00
19
Nov. 1900
175 29
80
14,023 20
May 1901
20
165 11
29
4,788 19
Nov. 1901
21
155 19
55
8,535 45
22
May 1902
145 50
111
16,150 50
Nov. 1902
136 03
127
23
17,275 81
May 1903
24
154
126 80
19,527 20
Nov. 1903
164
25
117 81
19,320 84
211
May 1904
26
109 01
23,001 11
Nov. 1904
27
202
ICO 41
20,282 82
May 1905
28
92 04
230
21,169 20
Nov. 1905
29
322
83 86
27,002 92
May 1906
30
75 89
316
23,981 24
Nov. 1906
31
68 11
550
37,460 50
May 1907
32
544
60 53
32,928 32
Nov. 1907
33
53 12
623
33,093 76
May 1908
34
45 89
26,294 97
573
Nov. 1908
35
38 84
671
26,061 64
May 1909
36
31 96
815
26,047 40
Nov. 1909
25 25 1,190
37
30,047 50
May 1910
38
18 70 1,124
21,018 80
Nov. 1910
39
12 31 1,317
16,212 27
May 1911
40
6 08 1,837
11,168 96
Dues paid in advance .

483 00
$477,929 03

Dues capital
Profits capital
Unpaid dues

$416,818 00
58,778 03
2,333 00
$477,929 03

D a te op E x a m in a t io n , May 15, 16, 17, 18, 19.


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

[Pub. Doc,

REPO RT OF THE

144

MALDEN CO-OPERATIVE BANK, MALDEN.
48 PLEASANT STREET.

Incorporated April 27, 1887.
L y m a n H . R ichards , President.

Began business May 9, 1887.

John M . C orbett , Secretary.

J ohn M . C orbett , Treasurer.

Board of Directors: H. H. B arr ett , F. B e e b e , M . S. C oggan , W . H. C onverse , A l e x a n d e r G r a n t ,
A. P. H a r d y , W . D. H a w l e y , G. M. H e n n e b e r r y , J. M. K e e n , L loyd M ake p e a ce , W illia m
N ie d n e r , M . S. O ’D on nell , L. W . P il lsbu ry , C onrad S a w y e r , E. S. Stackpole , E. B . St ile s .
Security Committee: A lex a n d e r G r an t , W . H . C on verse , M . S. O’D o n n e ll .
Auditors: G. H. C or ey , G. D. S t ev e n s , S. W. P e r r y .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Insurance and taxes paid
Suspense account
Cash
.

.

$762,660
41,038
6,828
222
3,492
17,772

00
00
00
56
16
80

Dues capital
Profits capital
Guaranty fund
Surplus
.
Forfeited share

.
.
.

.
.

.

.
.
account

.
.
.

.

.
.
.

00
57
02
44
49

$832,013 52

$832,013 52

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31. 1911 .

$693,042
123,647
6,315
8,992
16

.

.
.

3,576
1,229
1
394
. 14,302
. 4,656

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

363
230
1,761
591

Profits Distributed.

First term, 2)4%; second term, 2)4%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 7 years old; 15% on
series over 7 years old.

Rates and Averages on Loans, October 31, 1911.

533 real estate loans (average, $1,430.88 each; average rate, 5.05%): 5%, $662,735; 5 )4%, $76,925; 5 ^ % i
$15,000; 5)4%. $350; 6%, $3,750; 6)4%, $3,200; 6)4%, $200; 7%, $100; 7)4%, $400.
247 share loans (average, $166.14 each; average rate, 5.18%): 5%, $31,348; 5 )4%> $4,600; 5 J4%, $1,255;
5)4%, $340; 6%, $485; 6)4%, $815; 6)4%, $900; 7%, $1,295.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,150.00
2.58

Other Expenses.
$1,995.31
2.40

Total.
$4,145.31
4.98

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 shaie account
Insurance and taxes
Surplus
.
.
.
.
Profits capital
Cash on hand Oct. 31, 1910

$174,317 00
2.450 00
23,900
50,075
14,348
2,000
2,450
39,373
1,325
7
1,174
16
430
3
10
16,972

00
00
00
00
00
33
26
75
48
49
97
48
00
79

$328,854 55

D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Insuiance and taxes
Fines
.
.
.
.
Cash on hand Oct. 31, 1911

$50,009
16
59,054
6,105
20,935
144,800
23,246
2,531
34
4,145
200
3
17,772

00
00
00
41
38
00
00
27
74
31
66
98
80

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
$28,460 60
25 $203 29
140
May 1899
42,974 33
192 71
223
Nov. 1899
26
May 1900
27
182 34
124
22,610 16
172 28
272
46,860 16
Nov. 1900
28
23,227 49
29
162 43
143
May 1901
15,436 84
152 84
101
Nov. 1901
30
35,865 00
May 1902
31
143 46
250
32
134 31
274
36,800 94
Nov. 1902
311711 02
33
125 34
253
May 1903
42,194 72
362
Nov. 1903
34
116 56
39,963 70
35
370
May 19C4
108 01
479
47,703 61
Nov. 1904
36
99 59
35,371 80
37
91 40
387
May 1905
83 36
41,096 48
Nov. 1905
493
38
569
42,976 57
75 53
May 1906
39
41,382
40
67 84
610
Nov. 1906
40
45,330 00
May 1907
41
60 44
750
44
34,761
42
52 99
656
Nov. 1907
31,098 20
45 80
679
May 1908
43
29,635 56
44
764
Nov. 1908
38 79
942
30,078 06
May 1909
45
31 93
23,220 80
920
46
25 24
Nov. 1909
22,807 49
47
18 71 1,219
May 1910
20,093
92
Nov. 1910
48
12 32 1,631
10,298 19
49
6 09 1,691
May 1911
Suspense dues
Dues paid in advance .

47 00
598 00
$822,604 48

Dues capital
Profits capital
Unpaid dues
Suspense profits .

$328,854 55

D a te op E x a m in a t io n , February 27, 28, March 1, 2, 3, 4, 6, 7.


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

145

$693,042
123,64?
5,901
13

00
57
00
91

$822,604 48

[Pub. Doc.

REPORT OF THE

146

MANSFIELD CO-OPERATIVE BANK, MANSFIELD.
•

10G NORTH M AIN STREET.

Incorporated March 10, 1883.
W illiam C. W in t e b , President.

Began business March 21, 1883.

A lfred B. D a y , Secretary.

A lfred B. D a y , Treasurer.

Board of Directors: J. R. A lle n , G. H . B ragg , C. N. C r a n e , T. J. F o x , J. O. H odges , H . E. K in g ,
S. C. L ovell , W. M. L o w n e y , A ustin M a so n , W illiam O lliff , A. E. Sh ields , John S omers ,
J. A. W h ee l er , J. J. W ilson .
Security Committee: S. C. L ovell , C. N. C r a n e , J. A. W h e e l e r .
Auditors: I. C. G r a y , F. W . S paulding , J. W . R a t h b u n .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid premiums
Unpaid fines
Cash .
.
.
.

$348,350
26,535
4,300
974
16
23
16,490

00
00
00
10
87
62
55

$318,026
71,853
3,080
3,492
237

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

$396,690 14

$396,690 14

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
83
00
87
44

.

.
.

1,260
889
11
214
6,033
2,444

Added during year
Withdrawn duiing year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

68
55
735
319

Profits Distributed.

First term, 2Z
A%\ second term, 3%.

Proportion of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

310 real estate loans (average, $1,123.71 each; average rate, 6.12%); 6.12%, $348,350.
122 share loans (average, $217.50 each; average rate, 6.48%); 6.48%, $26,535.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,400.00
3.52

Other Expenses.
$184.06
.46

Total.
$1,584.06
3.98

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
.
Interest
.
.
Premiums .
.
.
.
.
Fines
.
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Cash on hand Oct. 31, 1910

$73,836 00
9,650
69,650
14,320
1,000
23,211
496
224
491
5
16,509

00
00
00
00
02
58
40
03
96
43

$209,394 42
D isbu rsem ents .

Dues capital withdrawn
Dues capital matuied .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.
.

$32,318
3C,816
4,976
12,795
92,500
17,840
74
1,584
16,490

CO
00
07
72
00
00
02
06
55

147

Reconciliation of Share Account w ith Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
Nov. 1899
34 $204 26
90
$18,383 40
192 86
158
30,471 88
May 1900
35
152
Nov. 19C0
36
181 76
27,627 52
37
171 00
May 1901
128
21,888 00
Nov. 1901
38
67
160 51
10,754 17
May 1902
39
150 25
159
23,889 75
Nov. 1902
89
40
140 32
12,488 48
May 1903
41
130 63
91
11,887 33
42
121 18
103
12,481 54
Nov. 1903
Ma y 1904
111 98
241
43
26,987 18
Nov. 1904
44
103 00
133
13,699 00
May 1905
45
94 26
180
16,966 80
85 68
Nov. 1905
46
193
16,536 24
47
77 40
269
May 1906
20,820 60
Nov. 1906
69 33
257
17,817 81
48
May 1907
49
61 46
384
23,600 64
Nov. 1907
282
50
53 82
15,177 24
May 1908
46 41
51
350
16,243 50
Nov. 1908
52
39 23
294
11,533 62
May 1909
32 23
428
13,794 44
53
Nov. 1909
54
25 42
290
7,371 80
May 1910
18 79
9,921 12
55
528
Nov. 1910
12 35
549
6,780 15
56
May 1911
57
6 09
618
3,763 62
Dues paid in

117 00

$209,394 42
$391,002 83

Dues capital
Profits capital
Unpaid dues

$318,026 00
71,853 83
1,123 00
$391,002 83

D ate of E x a m in a tio n , June 2, 3, 5, 6.


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Federal Reserve Bank of St. Louis

148

REPO RT OF THE

[Pub. Doc.

MARBLEHEAD CO-OPERATIVE BANK, MARBLEHEAD.
V

TOW N HALL, W ASHINGTON STREET.

Incorporated May 5, 1886.
J ohn L a n c y , President.

Began business May 6, 1886.

B enjamin C ole , Secretary.

B enjamin C ole , Treasurer.

Board of Directors: G. N. D e n n is , Joseph G regory , W. T. H arr is , J. B. H ooper , W. T. L itch m an ,
J. A. M a r t in , F r an k M illett , H . C. M ille tt , J. D. P a in e , L. S. R amsdell , T homas Sw a s e y ,
R ichard T u t t , E lias W h it e , Jr.

Security Committee: John L a n c y , F r an k M il le tt , L. S. R amsdell .
Auditors: H. C. M illett , J. D. P a in e , R ichard T utt .
Regular meetings for receipt of moneys the first Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Bonds and notes
.
.
.
Loans on real estate
.
.
.
Loans on shares .
.
.
.
Real estate by foreclosure, etc.
.
Unpaid interest .
.
.
.
Unpaid premiums
.
.
.
Unpaid fines
.
.
.
.
Insurance and taxes paid
.
Accrued interest on bonds .
.
C a s h ....................
1,996

$79,314 21
128,400 00
4,740 00
513 73
191 45
9 90
27 90
35 20
966 24
01

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Matured share account

$174,505
35,514
864
5,253
25
31

$216,194 64

$216,194 64

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

00
89
72
59
11
33

M embership.

.

.

.
.
.

.
.
.

.

.
.
.
.

.

.
.
.
.

.

572
312
72
3,096
772

Added during year
Withdrawn during year
Membeis Oct. 31, 1911
Borrowers Oct. 31, 1911

78
55
560

117

Profits Distributed.

First term, 2A % ; second term, 2A % .
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

124 real estate loans (average, $1,035.48 each; average rate, 6.30%); 6.30%, $128,400.
20 share loans (average, $237 each; average rate, 6.30%); 6.30%, $4,740.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$672.00
3.11

Other Expenses.
$91.68
.42

Total.
$763.68
3.53

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate ioans repaid
Share loans repaid
Bonds and notes
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Taxes and insurance .
Cash on hand Oct. 31, 1910

.
.
.
.

$37,123
6,900
7,010
3,108
10,463
395
134
2
315
26
1,693

00
00
00
08
31
05
58
25
61
40
60

$67,171 88
D isbuksem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Bonds and notes
Real estate by foreclosure
Interest
.
.
.
.
Temporaiy expense
Forfeited share account
Taxes and insurance
Cash on hand Oct. 31, 1911

.
.

$10,867
10,584
1,258
3,816
20,450
3,770
13,066
13
137
763
386
61
1,996

00
00
86
44
00
00
80
73
76
68
00
60
01

$67,171 88

149

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. J rX e . X
Nov. 1899
28 $196 97
42
May 1900
29
186 23
88
Nov. 1900
30
175 75
25
May 1901
31
165 52
71
Nov. 1901
32
155 54
112
May 1902
33
145 81
45
Nov. 1902
34
136 31
80
May 1903
35
127 04
97
Nov. 1903
36
118 00
119
May 1904
37
109 18
127
Nov. 1904
38
100 57
76
May 1905
39
92 17
107
Nov. 1905
40
83 98
93
May 1906
41
75 99
116
Nov. 1906
42
68 20
117
May 1907
43
60 60
162
Nov. 1907
44
53 18
191
May 1908
45
45 94
157
Nov. 1908
46
38 88
136
May 1909
47
31 99
214
Nov. 1909
48
25 27
199
May 1910
49
18 72
185
Nov. 1910
50
12 33
208
May 1911
51
6 09
329

Total Value.
$8,272
16,388
4,393
11,751
17,420
6,561
10,904
12,322
14,042
13,865
7,643
9,862
7,810
8,814
7,979
9,817
10,157
7,212
5,287
6,845
5,028
3,463
2,564
2,003

74
24
75
92
48
45
80
88
00
86
32
19
14
84
40
20
38
58
68
86
73
20
64
61

$210,414 89

Dues capital
Profits capital
Unpaid dues

$174,505 00
35,514 89
395 00
$210,414 89

D ate op E xam in a tio n , October 23, 24, 25.


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Federal Reserve Bank of St. Louis

150

REPO RT OF THE

[Pub. Doc,

MARLBOROUGH CO-OPERATIVE BANK, MARLBOROUGH.
186

M AIN STREET.

Incorporated April 16, 1890.
E ugene O. B kigham , President.

Began business May 1, 1890.

C lifton B. R u ssell , Secretary.

C lifton B. R ussell , Treasurer„

Board of Directors: E. E. A lle n , E. O. B righam , M. J. B u c k l e y , C. A . C ook , J. H. G leason , W. H.
H il l , A. E. H o w e , A. C. L am son , H. L e m a y , J. F. J. O tterso n , D. W. P o w er s , C. F. R obin ­
son , C. B. R ussell , G. A . St a c y , J. L. S t one , J. E. W a r r e n , S. P. W illard , S. P. W ood .
Security Committee: W. H. H il l , J. E. W a r r e n , M. J. B u c k l e y , J. F. J. O tterson , G. A. Stacy .
Auditors: A l exa nde r B e r r y , C. F. W h it n e y , G . L. St e v e n s .
Regular meetings for receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account .
Temporary expense account
Insurance and taxes paid
Cash

Liabilities.

.

$302,652
16,550
837
143
100
797
14
10,357

50
00
79
70
00
27
35
13

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeiture profits
Forfeited share account

.
.
.
.
.
.
.

$331,452 74

00
32
72
44
02
58
00
54
06
130 06

$331,452 74

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$272,157
39,959
3,339
7,473
7,878
336
2
176

Membership.

.
.

830
726
16
139
69
5,220
1,904

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

139
137
882
337

Profits Distributed.

First term, 2K % ; second term, 2M%.

Proportion of profits retained on voluntary withdrawals, 20% on series less than 5 years old; after 5
years, last dividend is retained.

Rates and Averages on Loans, October 31, 1911.

321 real estate loans (average, $942.84 each; average rate, 5%): 5%, $302,652.50.
103 share loans (average, $160.68 each, average rate, 5%); 5%, $16,450; 5 3^%, $100.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,000.00
.......................................
3.02

Other Expenses.
$530.25
1.60

Total.
$1,530.25
4.62

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Temporary expense
Forfeited share account
Insurance and taxes
Cash on hand Oct. 31, 1910

$64,247 00
7,350
23,900
13,110
15,477
675
4
347
35
54
877
11
11,086

00
00
00
54
72
50
92
51
00
44
88
14

$137,177 65
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retiied .
Profits capital matured
Real estate loans
Share loans
Temporary expense
Forfeited share account
Insurance and taxes
Cash on hand Oct. 31, 1911

$21,553
1,296
14,136
10,351
2,110
269
3,105
3,531
58,196
9,920
1,584
753
12
10,357

00
00
00
00
77
25
97
54
88
00
25
38
48
13

$137,177 65

151

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force.
39
19 $196 77
May 1899
88
186 62
20
Nov. 1899
176 70
64
21
May 1900
48
22
167 00
Nov. 1900
62
157 51
23
May 1901
148 23
116
24
Nov. 1901
129
139 15
25
May 1902
159
26
130 27
Nov. 1902
121 59
96
27
May 1903
110
28
113 10
Nov. 1903
117
104 80
29
May 1904
189
96 68
Nov. 1904
30
261
88 74
31
May 1905
121
32
80 97
Nov. 1905
197
33
73 37
May 1906
114
65 94
34
Nov. 1906
208
35
58 67
May 1907
199
51 56
36
Nov. 1907
155
44 61
37
May 1908
698
38
37 81
Nov. 1908
478
39
31 16
May 1909
24 66
337
Nov. 1909
40
504
41
18 30
May 1910
42
12 08
390
Nov. 1910
341
6 00
43
May 1911
Dues paid in advance .

Total Value.
$7,674
16,422
11,308
8,016
9,765
17,194
17,950
20,712
11,672
12,441
12,261
18,272
23,161
9,797
14,453
7,517
12,203
10,260
6,914
26,391
14,894
8,310
9,223
4,711
2,046

03
56
80
00
62
68
35
93
64
00
60
52
14
37
89
16
36
44
55
38
48
42
20
20
00

291 00
$313,868 32

Dues capital
Profits capital
Unpaid dues

$272,157 00
39,959 32
1,752 00
$313,868 32

D ate of E x a m in a t io n , June 20, 21.


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Federal Reserve Bank of St. Louis

152

REPORT OF THE

[Pub. Doc,

MARTHA’S VINEYARD CO-OPERATIVE BANK, TISBURY.
M AIN STREET.

Incorporated April 22, 1909.
G ilbebt L. S mith , President.

Began business May 14, 1909.

W illiam A . R obinson , Secretary.

W illiam A . R obinson , Treasurer.

Board of Directors: L. E . B biggs , B . C. C rom w ell , E . A . D a v is , E . G . E ldridge , A . O. F ischer ,
J. E. H ow la n d , W. G. M a n t e r , O. S. M a y h e w , U. E . M a y h e w , W. B. O w e n , H . L. P e a k e s ,
W . H . R en e a r , J. E . W h it e .

Security Committee: W. G. M a n t er , U. E. M a y h e w , L. E. B riggs .
Auditors: J. P. B odfish , F. O. T ilton , H. N. H in c k l e y .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Permanent expense account
Personal accounts
Cash

Liabilities.

$19,585 00
430 00
34 41

Dues capital
Profits capital
Guaranty fund

$20,653 00
1,114 54
14 40

10 00

1,722 53
$21,781 94

$21,781 94

Shares.

M embership.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

281
130
963
181

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

40
17
153
32

Profits Distributed.

First term, 2J^%; second term, 2Yi%.

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

28 real estate loans (average, $699.46 each; average rate, 6.11%): 6%, $15,685; 6J4%, $500; 6 Y%, $2,600;
6%%. $300; 7%, $500.
4 share loans (average, $107.50 each; average rate, 6%); 6%, $430.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

.

.

.

.

Salaries.
$50.00
2.30

Other Expenses.
$49.93
2.29

Total.
$99.93
4.59

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

$11,228
650
260
1,000
1,035
27

Dues capital
Real estate loans repaid
Share loans repaid
Notes and bonds
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Personal accounts
Cash on hand Oct. 31, 1910

20
2
10
834

00
00
00
00
23
42
50
40
65
00
58

$15,068 78
D isbu bsem e nts .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Shaie loans
.
.
.
Temporaiy expense
Personal accounts
Cash on hand Oct. 31, 1911

.

$2,429 00
82 32
10,110 00
605 00

99 93
20 00
1,722 53
$15,068 78

D ate of E xam in a tio n , November 22, 23.


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Federal Reserve Bank of St. Louis

153

Reconciliation of Share Account w ith Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
$31 90
442
May 1909
1
$14,099 80
25 22
92
Nov. 1909
2
2,320 24
18 69
163
3,046 47
Mav 1910
3
12 31
125
Nov. 1910
4
1,538 75
6 08
141
May 1911
5
857 28
Dues paid in advance .

68 00
$21,930 54

Dues capital
Profits capital
Unpaid dues

$20,653 00
1,114 54
163 00
$21,930 54

154

REPO RT OF THE

[Pub. Doc.

MASSACHUSETTS CO-OPERATIVE BANK, BOSTON.
1468 DORCHESTER AVENUE (DORCHESTER DISTRICT).

Incorporated May 19, 1908.
Jo seph

R . C h u r c h il l ,

President.

A nsley

M.

Began business May 28, 1908.

Jo h n so n ,

Secretary.

A nsley

M.

Joh n so n ,

Treasurer.

Board of Directors:

W . M. B r u m m e t t , J. H. B u c k l e y , J. F. C a r e y , ,T. H. C a s e y , M. A . D u f f y , F. D .
F i e l d , W . H . F i t z p a t r i c k , A . F . H a l l , L . J. H a y f o r d , T h o m a s L e a v i t t , R o d e r i c k M c D o n a l d ,
J . O w e n , J. R . P a t t e r s o n , J. J. S c a r r y , A . W . T h o m p s o n ,

J. J. M o o r e , P a t r i c k O ’ H e a r n , E.
W . E. W e l c h , F . I. W i l k i n s .
Security Committee:
Auditor: J. G.

L.

J.

H ayford,

W. M.

B r u m m e t t , P a t r ic k O ’H e a r n .

K arle.

Regular meetings for receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Cash
.
.
.
.

$66,325
1,050
395
55
1,987

00
00
23
00
37

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account
Security committee
Suspense account

.
.
.
.
.
.

$69,812 60

$64,361
3,768
67
721
614
24
32
210
10
4

00
62
19
09
12
18
40
00
00
00

$69,812 60

Shares.

Membership.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.

956
591
7
2,822
411

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

101
82
385
44

Profits Distributed.

First term, VA%; second term, lM % ; third term,
1/4%; fourth term, 1M%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

31 real estate loans (average, $2,139.51 each; average rate, 5.49%): 5%, $4,000; 5J^%, $59,900; 6%,
$2,425.
13 share loans (average, $80.77 each; average rate, 6%); 6%, $1,050.

Total Expenses for Year.

Salaries.
Amount paid for .
.
Cost per $1,000 of assets


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

.

.
,

.
4.30

Other Expenses.
$70.95
1.02

Total.
$370.95
5.32

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

$30,391
2,500
797
3,122
149

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Security committee
Cash on hand Oct. 31, 1910

121
1
14
10
202

00
00
00
09
00
50
09
50
00
00
61

$37,308 79

155

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pJra^ are_ ^ c e .

Total Value.

June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.

$29,563
5,536
3,205
5,112
4,483
3,534
4,162
2,294
2,900
1,717
2,079
2,852
823
458

1908
1908
1908
1909
1909
1909
1909
1910
1910
1910
1910
1911
1911
1911

1
2
3
4
5
6
7
8
9
10
11
12
13
14

$44
40
37
33
30
27
23
20
17
14
11
8
5
2

19
71
27
86
50
19
92
67
47
31
18
08
02
00

669
136
86
151
147
130
174
111
166
120
186
353
164
229

11
56
22
86
50
70
08
37
02
20
48
24
28
00

D is b u r s e m e n t s .

$9,602
39
483
4
23,375
1,325
370

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
Temporary expense
Forfeited share account
Cash on hand Oct. 31. 1911

00
00
97
50
00
00
95

121 00

1,987 37
$37,308 79

D ate

of

E x a m in a t io n ,


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

July 28.

Dues paid in advance .

.

.

115 00
$68,837 62

Dues capital
Profits capital
Unpaid dues

$64,361 00
3,768 62
708 00
$68,837 62

[Pub. Doc.

REPO RT OF THE

156

MATTAPAN CO-OPERATIVE BANK, BOSTON.
1180 BLUE HILL AVENUE (DORCHESTER D ISTR ICT).

Incorporated November 14, 1910.
W il b u r

F.

B eale,

President.

R.

W il l ia m

Began business December 20, 1910.

L anders,

Secretary.

R.

W il l ia m

L anders,

Treasurer.

Board of Directors: A. E. B e n t h a m , F. O. B r o w n , W . H. C r o s b y , N. D. F r e e m a n , J. M. F l y n n , T. H.
G o o d , T. E. G u i l d , W e l l i n g t o n H o l b r o o k , M. E. K n o p p , H y m a n R a m b a c h , T. S. R i c h ­
a r d s o n , H. H. R i c e , T. W . R o u l s t o n , F. N . R u s s e l l , M. P. S h a w , H. E. S m i t h , J. A. T u r n e r ,
G . W . W in c h e s t e r .

Security Committee: N. D.
Auditor:

W. H.

Freem an,

C rosby,
L anders.

F. N.

R ussell,

T. S.

R ic h a r d s o n ,

W. R .

W e l l in g t o n H o l b r o o k .

Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate .
Loans on shares .
Permanent expense account
Temporary expense account
Cash
.

$8,550 00
110 00

429 50
4 53
2,439 85

Dues capital
Profits capital
Guaranty fund .
Interest
Fines
Transfer fees
Withdrawal profits
Forfeiture profits
Forfeited share account

$ 11,211 00

154
2
113
28

96
13
34
04
25
2 56
60

21 00

$11,533 38

$11,533 88

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

Membership.

.
.
.

.
.

.
.
.

.
.

.
.

1,484
96
12
1,376
71

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.
.
.

.

.
.

.
.

.

.

.

236
20
216
9

Profits Distributed.

First term, V/i% ; second term, 1M% ; third term,
1M % .

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

5 real estate loans (average, $1,710 each; average rate, 5.72%): 5)^%, $4,750; 6%, $3,800.
4 share loans (average, $27.50 each; average rate, 6%): 6%, $110.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$54.87
.47

Total.
$54.87
.47

BANK COMMISSIONER,

No. 8.]

Year ending

Reconciliation of Share Account with Dues
and Profits Capital.

$11,799
15
307
53

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
$11 18
717
$8,016 06
Dec. 1910
1
Mar. 1911
2
2,141 20
8 08
265
1,179 70
235
June 1911
3
5 02
159
318 00
Sept. 1911
4
2 00

R e c e ip t s .

00
00
12
93
75
3 00
60

Dues capital
Share loans repaid
Interest
Fines
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account

157

Dues paid in advance .

21 00

79 00
$11,733 96

$12,200 40
D is b u r s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$588
13
8,550
125
54
429
2,439

00
18
00
00
87
50
85

$12,200 40

D ate

of

E x a m in a t io n ,


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

October 16.

Dues capital
Profits capital
Unpaid dues

$11,211 00
154 96
368 00
$11,733 96

158

REPO RT OF THE

[Pub. Doc.

MECHANICS’ CO-OPERATIVE BANK, TAUNTON.
120

B A Y STREET.

Incorporated September 14, 1877.
President.

H erbert O. W oolley,

E dw ard

Began business September 17, 1877.

S. H e r se y ,

Board of Directors: N. A. C u s h m a n , H. B. C u l v e r , J. J.
K n o x , W. A. M a n c h e s t e r , G. H. M a r t i n , W. M.
R e a d , W. W. S w a n , J . H. T i d d , J . P . W i l l i a m s .
Security Committee: N. A.
Auditors: A.

R. K nox,

C ush m an,

G. A.

W. W.

Sw a n ,

Secretary.

E d w ar d S. H e r se y,

Treasurer.

G r e e n , J o h n I r v i n e , A. H. K n o w l e s , F. R.
N a s o n , A. J . N e e d h a m , W. E. P r a t t , G. W.

F. R.

K nox.

B o s w o r t h , P . F . F r a n c is .

Regular meetings for receipt of moneys the first Monday after the fifteenth of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due

$861,408 00
1,315 00

Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Temporary expense account
Cash
.
.
.
.

Liabilities.

$860,093
30,147
3,429
1,540
216
'
1,290
2,724

00
00
85
36
50
73
32

$723,106
123,670
7,071
14,786
15,551
799
15
14,237
201

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Forfeited share account
Matured share account
Overpayments

$899,441 76

$899,441 76

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
96
91
84
02
79
98
92
34

Membership.

.
.

3,978
3,092
5
129
158
. 16,436
. 5,149

Added during year
Withdrawn during year
Membeis Oct. 31, 1911
Borrowers Oct. 31, 1911

349
310
1,987
685

Profits Distributed.

First term, 2 A % ; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

550 real estate loans (average, $1,563.80 each; average rate, 5.30%): 5.30%, $860,093.
138 share loans (average, $218.45 each; average rate, 5.30%); 5.30%, $30,147.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

$ 2 , 121.00

2.36

Other Expenses.
Total.
$914.27
$3,035.27
1.02
3.38

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Pines
.
.
.
.
Forfeited share account
Retired share account .
Matured share account
Overpayments
Attorneys’ fees .
Cash on hand Oct. 31, 1910

$201,684 00
1,000
174,697
18,953
11,786
948
45,654
1,661
91
25,155
32,072
632
227
8,474

00
00
00
41
19
31
83
45
81
25
47
84
56

$523,039 12
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
. .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Retired share account .
Matured share account
Overpayments
Attorneys’ fees .
Cash on hand Oct. 31, 1911

.

$104,968
85
18,676
23,226
16,376
6
6,479
8,406
229,050
35,770
16,412
948
954
3,035
91
25,155
30,013
431
227
2,724

00
00
00
00
76
45
81
20
00
00
41
19
65
27
45
81
83
13
S4
32

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pJ f c e

S f c

Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July

573
402
112
307
353
69
61
256
152
232
481
148
224
575
673
745
739
1,041
1,033
1,687
1,528
1,613
1,999
1,433

of

E x a m in a t io n ,


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

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

$190
179
169
159
149
140
131
122
113
104
96
88
80
72
64
57
49
42
36
29
22
16
10
4

Dues paid in advance .

30
77
54
56
82
32
05
01
19
59
20
01
02
23
62
20
96
90
01
29
73
33
09
00

Total Value.
$109,041
72,267
18,988
48,984
52,886
9,682
7,994
31,234
17,204
24,264
46,272
13,025
17,924
41,532
43,489
42,614
36,920
44,658
37,198
49,412
34,731
26,340
20,169
5,732

90
54
48
92
46
08
05
56
88
88
20
48
48
25
26
00
44
90
33
23
44
29
91
00

810 00
$353,380 96

Dues capital
Profits capital
Unpaid dues

$523,039 12

D ate

159

December 11, 12, 13, 14, 15.

$723,106 00
123,670 96
6,604 00
$853,380 96

160

REPORT OF THE

[Pub. Doc.

MEDFIELD CO-OPERATIVE BANK, MEDFIELD.
CORNER M AIN AND NORTH STREETS.

Incorporated December 29, 1905.
E llery C . C rocker,

President.

L.

Began business January 8, 1906.

W . W h eeler,

Secretary.

L.

W . W heeler,

Treasurer.

Board of Directors: W. F. A b e l l , M. C. A d a m s , J. L. A t h e r t o n , W. H. B a i l e y , E. M. B e n t , C. M.
C l a r k , L. K. C o n a n t , J. A. F i t t s , S. C. F r e n c h , G. P. H o l b r o o k , H. L. H o w a r d , E. J. K e y o u ,
G. C. M i t c h e l l , E. T . R i c h a r d s o n , G. H. T a y l o r , H. H. T h o r n e .
Security Committee: M.
Auditors:

C.

J.

C . A d am s,

Sa w y e r , A .

L.

J.

A . F it t s , W . F . A b e l l .

C l a r k , L o u is L a C r o i x .

Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Rent
.
Cash
.

$92,900
4,765
200
13
65
2,710

00
00
00
50
00
41

Dues capital
Profits capital
Guaranty fund
Surplus
.
Interest
.
Fines
.
Transfer fees

.
.
.

Liabilities.
.
.
.
.
.
.

.
.
.

.
.

.

.
.

.

.

.
.

$100,653 91

Shares.
Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$90,285
7,850
274
357
1,834
49
2

00
69
20
37
80
60
25 ,

$100,653 91

Membership.

1,057
558
3,034
742

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

99
64
400
86

Profits Distributed.

First term, 2}4%; second term, 2lA % .
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

53 real estate loans (average, $1,752.83 each; average rate, 5.95%): 5%, $1,200; 5M%> $3,000; 5 14%,
$1,600; 6%, $87,100.
34 share loans (average, $140.14 each; average rate, 6%): 6%, $4,765.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$237.00
2.35

Other Expenses.
$216.40
2.15

Total.
$453.40
4.50

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
Transfer fees
.
.
.
Rent
.
Surplus
.
Cash on hanct Oct. 31, 110

.
.

$33,991
14,100
7,457
4,901
132
3
62
37
313

00
00
00
42
01
75
50
79
03

$60,998 50

161

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. perValue
Share. in Force. Total Value.
Jan. 1906
1
$79 70
323
$25,743 10
July 1906
2
71 99
88
6,335 12
Jan. 1907
3
64 45
192
12,374 40
July 1907
4
57 05
118
6,731 90
Jan. 1908
211
5
49 83
11,514 13
July 1908
6
42 80
173
7,404 40
Jan. 1909
7
35 93
170
6,108 10
July 1909
29 23
184
5,378 32
8
Jan. 1910
9
6,807 00
22 69
300
July 1910
10
16 31
298
4,860 38
Jan. 1911
11
423
4,263 84
10 08
July 1911
2,216 00
12
4 00
554

D is b u r s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Temporary expense
Dues capital
.
.
.
Profits capital
.
.
.
Fines
.
.
.
.
Rent
.
.
.
.
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

.
.
.
.
.
.

$13,492
1,098
34,300
8,878
401
13
24

00
85
00
00
40
00
49
30
65 00
15 05
2,710 41

$ 6 0 ,9 9 8

D a te

of

E xam in a tio n , November 3, 6, 7.


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

50

Dues paid in advance .

254 00
$98,990 69

Dues capital
Profits capital
Unpaid dues

$90,285 00
7,850 69
855 00
$98,990 69

162

REPO RT OF THE

[Pub. Doc.

MEDFORD CO-OPERATIVE BANK, MEDFORD.
28 [HIGH STREET.

Incorporated June 21, 1886.
J.

IT e n b y N o b c b o s s ,

President.

G.

E l is h a

Began business July 7, 1886.
P ie b c e ,

Secretary.

E l is h a

G.

P ie b c e ,

Treasurer.

Board of Directors: G. H . A k c h i b a l d , H . L. B u s s , W. F. C u s h i n g , I. W. H a m l i n , W i l l i a m L e a v e n s ,
C . H. L o o m i s , L. H. L o v e b i n g , D. G. M e l v i l l e , J. H. N o b c b o s s , J. E. O b e h , E. G. P i e b c e ,
J. F. R e a g a n , J. W. R o c k w e l l , J. S . S t u b t e v a n t , C . S . T a y l o b , J. R . T e e l , W. H . W a b b e n ,
N . E . W il b e b .

Security Committee: L. H.
Auditors: G. H.

F is h e b ,

L o v e b in g ,

W. P.

W. F.

H abt,

C u s h in g ,

C. H.

J. F.

R eagan,

C. S.

T aylob,

N. E.

W il b e b .

B ucek.

Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid fines
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

$853,950
51,450
3,696
1,713
237
281
18,060

00
00
50
11
14
50
28

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Personal accounts
Security committee

00
36
61
56
14
86
00

$929,388 53

$929,388 53

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$765,218
155,769
3,331
2,447
2,474
3
144

M embership.

.
.

3,068
1,261
72
435
. 14,835
. 5,606

Added during year
Withdrawn during vear
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

304
176
1,529
454

Profits Distributed.

First term, 2)^%; second term, 2lA %
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

427 real estate loans (average, $1,999.88 each; average rate, 5.12%): 5%, $630,100; 5A % , $75,850; 5}^%,
$105,300; 5 3
A %, $32,150; 6%, $9,150; 6 W7o, $1,400.
150 share loans (average, $343 each; average rate, 5.36%): 5%, $18,100; 5M%> $10,300; 5J^%, $13-,300;
5M%, $1,200; 6%, $7,350; 6M%, $1,200.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
Total.
$2,100.00
$730.46
$2,830.46
2.26
.78
3.04

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
¡¡¡a
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foieclosure
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account
Matured share account
Personal accounts
Security committee
Taxes
.
.
.
.
.
Insurance .
.
.
.
.
Cash on hand Oct. 31, 1910

00
11,200 00
99,100 00
20,550 00

$174,334

348 50
44,998 63
1,245 69
10 50
1,116 02
200 45
2,577 39
87,329 2S
333 08
51 00
875 06
147 10
12,967 67

$457,384 37
D is b u r s e m e n t s .

Dues capital withdiawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Fines
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Matured share account
Personal accounts
Taxes
.
.
.
.
Insurance .
.
.
.
Cash on hand Oct. 31, 1911

$38,311
2,729
63,080
4,463
801
24,249
185,850
27,400
94
372
2,830
367
109
87.329
582
670
81
18,060

00
00
00
21
76
28
00
00
72
62
56
4.6
50
65
28
48
82
75
28

$457,384 37

D a t e of E x a m in a t io n , February 8, 9, 10, 11.


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

163

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. perValue
Share. in Force. Total Value.
183
$36,468 24
Nov. 1899
28 $199 28
243
45,754 47
29
188 29
May 1900
63,555 74
358
Nov. 1900
1(7 53
30
265
44,281 50
167 10
May 1901
31
51,316 11
327
Nov. 1901
32
156 93
332
48,820 60
147 05
May 1902
33
326
44,795 66
Nov. 1902
34
137 41
44,796 50
350
May 1903
35
127 99
28,162 71
237
Nov. 1903
36
118 83
54,185 63
493
37
109 91
May 1904
37,856 28
Nov. 1904
38
101 22 374
459
42,558 48
May 1905
39
92 72
463
39,104 98
Nov. 1905
40
84 46
601
45,928 42
41
76 42
May 1906
554
37,971 16
Nov. 1906
42
68 54
682
41,520 16
May 1907
43
60 88
543
28,990 77
Nov. 1907
44
53 39
47,252 50
45
46 10 1,025
May 1908
39,047 94
38 97 1,002
Nov. 1908
46
914
29,284 56
32 04
May 1909
47
984
24,895 20
Nov. 1909
48
25 30
23,287 68
May 1910
49
18 72 1,244
13,701 03
12 31 1,113
Nov. 1910
50
10,719 04
May 1911
51
6 08 1,763
Suspense dues
Dues paid in advance .

205
845

00
00

$925,305 36

Dues capital
Profits capital
Unpaid dues

$765,218 00
155,769 36
4,318 00
$925,305 36

[Pub. Doc.

REPO RT OF THE

164

MELROSE CO-OPERATIVE BANK, MELROSE.
548 M AIN STREET.

Incorporated April 4, 1890.
L evi S. G o u l d , President.

Began business April 20, 1890.

C h a b l e s G. S c h a e d e l , Secretary.

J o h n P. D e e b in g , Treasurer.

Board of Directors: J. H. A l l e n , C. J. B a e t o n , W. A. D o l e , J. H. D u f f il l , A. W. D u n t o n , D. W.
F i t z p a t b ic k , L. F . H in c k l e y , F. E. N e w e l l , C. E. Sa w y e e , F. R. U p h a m , W. E. W a t e b h o u s e .
Security Committee: J. P. D e e b in g , L. F. H in c k l e y , F. R. U p h a m .
Auditors: J. C. C e o l l y , A. B. S t a n t ia l , H. N. V a u g h n .
Regular meetings for receipt of moneys the first Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Less amount due

$126,350 00
200 00

Loans on shares .
Common form mortgages
Permanent expense account
Temporary expense account
Cash
*

$126,150
4,195
3,100
80
19
2,851

00
00
00
00
95
13

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Forfeited share account

00
41
16
05
93
89
25
28 09
314 30

$136,396 08

$136,396 08

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$117,435
16,044
1,131
1,197
223
21

.

.

1,263
548
27
24
3,753
790

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

132
60
527
98

Profits Distributed.

First term, 2Y%%; second term, 2lA %
Proportion of piofits retained on voluntary withdrawals, 25% on series less than 2 years old; 10% on
series from 2 to 5 years old, after 5 years, none.

Rates and Averages on Loans, October 31, 1911.

85 real estate loans (average, $1,484.11 each; average rate, 5.21%): 5%, $76,250; 5M%> $5,400; 5 Yi%,
$38,600; 6%, $5,900.
15 share loans (average, $279.67 each; average rate, 5.48%): 5%, $1,055; 5Ji%, $50; 5J^%, $1,910;
5%%, $460; 6%, $720.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$188.00
1.38

Other Expenses.
$225.06
1.65

Total.
$413.06
3.03

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Cash on hand Oct. 31, 1910

$39,245 00
2,150
3,955
2,680
1,000
6,635
222
1
102
4
530
1,168

00
00
00
00
91
61
75
21
50
42
66

$57,696 06
D isbu bsem e nts .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$15,418
484
3,599
1,676
59
1,335
28,300
2,840
500
405
226
2,851

00
00
00
73
92
80
00
00
00
06
42
13

165

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. Value
per Share. in Force. Total Value.
Oct. 1899
30 $195 90
2
$391 80
April 1900
31
185 38
5
926 90
Oct. 1900
32
175 16
19
3,328 04
April 1901
33
165 16
23
3,798 68
Oct. 1901
34
155 36
38
5,903 68
April 1902
35
145 77
26
3,790 02
Oct. 1902
36
136 45
37
5,048 65
April 1903
37
127 35
57
7,258 95
Oct. 1903
38
118 43
33
3,908 19
April 1904
39
109 70
22
2,413 40
Oct. 1904
40
101 23
47
4,757 81
April 1905
41
92 91
58
5,388 78
42
Oct. 1905
84 79
57
4,833 03
April 1906
43
76 86
83
6,379 38
Oct. 1906
44
69 11
82
5,667 02
April 1907
45
61 53
188
11,567 64
46
54 12
247
Oct. 1907
13,367 64
April 1908
47
46 89
136
6,377 04
Oct. 1908
48
39 84
119
4,740 96
April 1909
49
32 96
286
9,426 56
Oct. 1909
50
26 25
5,512 50
210
April 1910
51
19 70
472
9,298 40
52
Oct. 1910
13 31
350
4,658 50
April 1911
53
7 C8
723
5,118 84
54
1 00
Oct. 1911
433
433 00
Dues paid in advance .

57 00
$134,352 41

$57,696 06

Dues capital
Profits capital
Unpaid dues

$117,435 00
16,044 41
873 00
$134,352 41

D ate of E xam in a tio n , September 21, 22.


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

[Pub. Doc.

REPO RT OF THE

166

MERCHANTS CO-OPERATIVE BANK, BOSTON.
19 M IL K STREET.

Incorporated December 20, 1881.
E dward W . H o w e , President.

Began business February, 1882.

A lbert E . D uf fil l , Secretary.

A lbert E . D u ffill , Treasurer.

Board of Directors: J. H . A u b in , B. D . B laisdell , G. T . B osson , John B utland , C. R. D a n e , F ran k
F a n n in g , J. A . G ould , W . F. M attson , A . J. M ercer , G. D . N ew com b , A . S. P arsons , H . A .
P e rk in s , J. A . Sparr ow , E dw ard Stoddard , T hom as Sw a d k in s , F. O. W h it n e y , C. J. W igg in .
Security Committee: G. T. B osson , A . S. P arsons , John B u tland , J. H. A u b in , H. A . P e rk in s .
Auditor: W illiam F r an k lin H a ll .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares
Common form mortgages
Unpaid fines
Temporary expense account
Insurance and taxes paid
Cash

. $2,947,865
113,290
11,790
32
1,601
261
12,519

00
00
33
24
78
77
00

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Transfer fees
Withdrawal profits
Foifeited share account
Matured share account
Personal accounts
Suspense account

. $2,527,182
424,719
56,685
56,317
17,063
8
1,104
1,817
2,346
67
48

$3,087,360 12

$3,087,360 12

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
38
49
39
13
50
34
94
06
79
10

. 15,458
. 8,246
255
875
. 58,592
. 18,838

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borroweis Oct. 31, 1911

.
.

1,353
688
5,941
1,515

Profits Distributed.

First term, 1M%: second term, 1}4 f7 c third term,
1M%; fourth term, l}i% .
Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 15% on
series from 6 to 7 years old; 5% on seiies from 7 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

1,243 real estate loans (average, $2,371.57 each; average rate, 5.38%): 5%, $1,124,900; 5M%< $544,250;
5 Wf0, $595,265; 5 ^ % . $218,300; 6%, $327,150; 6M%> $87,850; 6 H%, $44,200; 6 3
A %, $2,100;
7%, $1,000; 7M%. $1,950: 7 ^ % , $900.
519 share loans (average, $218.28 each; average rate, 5.67%): 5%, $13,640; 5M%, $13,450; 5}4%,
$38,260; 5%%, $12,570; 6%, $22,250; 6 H%, $4,320; 6)4%, $4,350; 6 %%, $1,7C0; 7%, $1,300;
7H%, $820; 8%, $230; 9%, $400.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$5,869.50
1.90

Other Expenses.
Total.
$4,173.74
$10,043.24
1.35
3.25

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Insurance .
.
.
.
Suspense account
Profits capital
Profit and loss
Taxes
.
.
.
.
Cash on hand Oct. 31, 1910

$663,335 00
2C.100 00
30,240
433,652
94,800
1,810
31,388
161,895
6,410
29
5,069
242
901
6,933
2,421
137
926
650

00
50
00
17
74
36
90
25
05
96
70
11
24
37
00
03
04
50 77
380 26
27,796 53

$1,489,170 98
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital foifeited
Profits capital matured
Real estate loaris
Share loans
Moitgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Fines
.
.
.
.
Forfeited share account
Matured share account
Insurance .
.
.
.
Personal accounts
Suspense account
Taxes
.
.
.
.
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$329,399
6,841
128,626
56,488
806
46,474
764,257
91,480
6,124
23,210
1,660
10,944
9
6,240
75
926
717
635
513
1,220
12,519

00
00
00
53
19
70
50
00
00
45
52
94
93

$1,489,170 98

D ate op E x a m in a t io n , April 3, 4, 5, 6.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. perValue
Share.
Dec. 1899
37 $193 74
June 1900
38
183 09
Dec. 1900
39
172 75
162 62
June 1901
40
Dec. 1901
41
152 76
42
June 1902
143 10
Dec. 1902
43
133 69
June 1903
44
124 54
Dec. 1903
115 59
45
June 1904
46
106 84
Dec. 1904
47
98 28
Mar. 1905
94 14
48
June 1905
89 99
49
Sept. 1905
85 96
50
Dec. 1905
51
81 93
Mar. 1906
52
77 97
74 07
June 1906
53
Sept. 1906
54
70 19
Dec. 1906
66 37
55
Mar. 1907
56
62 61
June 1907
57
58 88
Sept. 1907
58
55 18
Dec. 1907
59
51 53
Mar. 1908
60
47 93
61
44 38
June 1908
62
Sept. 1908
40 86
Dec. 1908
37 41
63
Mar. 1909
34 00
64
June 1909
65
30 62
Sept. 1909
66
27 28
Dec. 1909
67
23 98
Mar. 1910
68
20 72
69
17 50
June 1910
14 32
Sept. 1910
70
71
Dec. 1910
11 18
Mar. 1911
72
8 08
June 1911
73
5 02
74
2 00
Sept. 1911
Dues paid in advance .

89

18
00
91
28
12
84
00

167

Shares
in Force. Total Value.
384
481
602
794
1,088
1,116
1,146
920
1,232
1,362
1,134
725
889
728
957
1,046
895
1,055
917
1,271
1,289
928
1,364
1,931
1,430
1,344
1,298
2,349
1,833
2,083
1,745
3,164
2,370
2,465
2,737
4,590
3,788
3,142

$74,396
88,066
103,995
129,120
166,202
159,699
153,208
114,576
142,406
145,516
111,449
68,251
80,001
62,578
78,407
81,556
66,292
74,050
60,861
79,577
75,896
51,207
70,286
92,552
63,463
54,915
48,558
79,866
56,126
56,824
41,845
65,558
41,475
35,298
30,599
37,087
19,015
6,284

16
29
50
28
88

60
74
80
88

08
52
50
11
88
01
62
65
45
29
31
32
04
92
83
40
84
18

CO
46
24
10
08
00
80
66
20
76
00

4,079 00
$2,971,155 38

Dues capital
Profits capital
Unpaid dues
Suspense dues

. $2,527,182
424,719
19,252
2

00
38
00
00

$2,971,155 38

168

REPO RT OF THE

[Pub. Doc.

MERRIMACK CO-OPERATIVE BANK, LAWRENCE.
263 ESSEX STREET.

Incorporated April 2, 1892.
J. J. H u r l e y , President.

Began business April 28, 1892.

J. W. C u l lin a n e , Secretary.

C. A. M cC a r t h y , Treasurer.

Board of Directors: T. J. B u c k l e y , C . J. C orcoran , M. A. D ig n a m , A. A. C a f f r e y , J. W. C u l lin a n e ,
J. W. D u f fy , E. A. H a r t , J. J. H u r l e y , C . A. M cC a r t h y , T. F. M cC a r t h y , W. H . M cD a d e ,
F r an k Q u in n , A. H . R ogers , J. J. S u l l iv a n , M. J. Su l l iv a n , E. P . W h it e , J. T. W h ite .
Security Committee: J. J. H u r l e y , C. J. C orcoran , E. P. W h it e .
Auditors: F. C. H a rm on , D . A. N orton .
Regular meetings for receipt of moneys the first Friday of each month.

STATEMENT OF CONDITION. OCTOBER 31. 1911.
Assets.

Liabilities.

Loans on real estate .
.
.
$83,900 00
Loans on shares .
.
.
.
3,995 00
Unpaid interest .
.
.
.
199 26
Unpaid fines
.
.
.
.
7 42
C a s h ................................................. 3,216 93

Dues capital
.
.
Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Forfeited share account
Matured share account

.
.
.

.
.
.

.
.
.

$69,742 00
12,690 77
1,827 13
4,125 80
882 41
2,050 50

.
.
.

$91,318 61

$91,318 61

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.

695
454
86
25
1,939
593

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

67
80
211
57

Profits Distributed.

First term, 3% ; second term, 3%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on
series from 5 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

40 real estate loans (average, $2,097.50 each; average rate, 5.74%): 5%, $21,400; 6%, $62,500.
29 share loans (average, $137.75 each; average rate, 6%): 6%, $3,995.

Total Expenses for Year.

Salaries.
Amount paid for .................................................................... $330.00
Cost per $1,000 of assets
.
.
.
.
.
.
3.61


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

Other Expenses.
$219.58
2.40

Total.
$549.58
6.01

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1910

.
.

$23,463
31,950
1,560
5,298
157
218
42
892
5,122
97

00
00
00
18
40
47
29
41
80
12

$68,801 67
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1911

.

$11,509
759
3,600
1,185
169
1,522
41,250
1,550
507
41
372
3,117
3,216

00
00
00
15
11
80
00
00
63
95
20
90
93

169

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. p^
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

$193
182
171
160
150
140
130
120
111
102
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance

eare_ inShares
Force. Total Value.
40
11
$2,127 40
14
5
910 70
17
35
5,990 95
52
20
3,210 40
18
29
4,355 22
13
40
5,605 20
37
36
4,693 32
91
20
2,418 20
73
20
2,234 60
83
50
5,141 50
17
28
2,636 76
71
33
2,828 43
46
55
4,260 30
39
51
3,538 89
54
18
1,107 72
90
59
3,180 10
46
65
3,019 90
27
106
4,162 62
27
174
5,614 98
45
219
5,573 55
83
257
4,839 31
38
314
3,887 32
10
294
1,793 40
110 00
$83,240 77

$68,801 67

Dues capital
Profits capital
Unpaid dues

$69,742 00
12,690 77
808 00
$83,240 77

D a te of E x a m in a t io n , July 12, 13.


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Federal Reserve Bank of St. Louis

REPO RT OF THE

170

[Pub. Doc,

MIDDLEBOROUGH CO-OPERATIVE BANK, MIDDLEBOROUGH.
TOW N HOUSE AVENUE.

Incorporated May 1, 1889.
W a b b e n H . S ou th w ob th , President.

Began business May 21, 1889.

W a lt e b L . B e a l s , Secretary.

W alte b L. B e als , Treasurer.

Board of Directors: C. N. A t w ood , L. O. A tw ood , W . L. B e a ls , A . C. H o w e s , C. H . L e o n a b d , A . F.
M itch ell , Z. E. P h in n e y , E. S. R ussell , H . W . Se a b s , D. D. S u l l iv a n , A . A . T homas , A lleh ton T hompson , E. F. W it h a m , L obenzo W ood .
Security Committee: H. W . S e a b s , E . F. W itham , W . L. B eals .
Auditors: W. W. B ba c ke tt , A. M. B e a b se , G. W. Stetson .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due

Liabilities.

$353,300 00
3,150 00

Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Cash

$350,150
6,750
2,020
867
100
7,090

00
00
80
17
96
16

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Forfeited share account
Auditing

$302,497
57,614
1,700
3,118
106
1,893
50

$366,979 09

00
34
00
14
41
20
00

$366,979 09

Shares.

Membership.

Issued during year
Withdrawn during year
Forfeited during year .
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

.
.

1,318
1,016
54
50
48
6,100
2,097

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

139
119
874
288

Profits Distributed.

First term, 2}4%; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, 25% for first 5 years; aftei 5 years, none.

Rates and Averages on Loans, October 31, 1911,

319 real estate loans (average, $1,107.52 each; average rate, 5.11%): 5%, $292,550; 5 M%, $9,600; 5 J£%,
$19,400; 5%%, $1,400; 6%, $27,200.
33 share loans (average, $204.54 each; average rate, 5.34%): 5%, $4,025 ; 5M%> $70; 5H%, $705; 6%,
$1,950.
Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

Salaries.
$1,045.60
2.85

Other Expenses.
$376.28
1.02

Total.
$1,421.88
3 87

BANK COMMISSIONER,

No. 8.]

171

Receipts and Disbursements, Year ending I Reconciliation of Share Account with Dues
and Profits Capital.
October 31, 1 9 li.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Retired share account .
Matured share account
Security committee
Insurance .
.
.
.
Auditing .
.
.
.
Cash on hand Oct. 31, 1910

$74,395 00
5,750 00
600
57,700
3,870
13,030
457
3,488
18,554
706
5
317
4
4,467
9,747
9,659
94
700
50
4,521

00
00
00
74
25
31
06
04
00
41
95
30
72
94
00
00
00
09

$208,118 81
D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Retired share account .
Matured share account
Furniture and fixtures
Securitv committee
Insurance .
.
.
.
Cash on hand Oct. 31, 1911

$47,797
3,724
7,140
7,019
8,456
801
2,448
2,591
71,600
7,045
14,480
3,488
214
1,286
111
2,574
9,747
9,659
7
135
700
7,090

00
00
00
00
71
41
00
16
00
00
74
31
58
88
35
10
72
94
75
00
00
16

$208,118 81

D a te of E x a m in a t io n , July 25, 26, 27.


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

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
22 $197 44
89
$17,572 16
Nov. 1899
23
186 47
63
11,747 61
May 1900
24
175 79
Nov. 1900
81
14,238 99
112
25
165 43
May 1901
18,528 16
145
Nov. 1901
26
155 39
22,531 55
145 64
171
May 1902
27
24,904 44
Nov. 1902
28
136 15
87
11,845 05
29
126 90
112
14,212 80
May 1903
117 89
122
Nov. 1903
30
14,382 58
109 10
191
May 1904
31
20,838 10
215
Nov. 1904
32
100 51
21,609 65
33
92 14
152
14,005 28
May 1905
Nov. 1905
34
83 97
208
17,465 76
May 1906
35
75 99
208
15,805 92
182
Nov. 1906
36
68 20
12,412 40
May 1907
60 60
369
37
22,361 40
Nov. 1907
38
53 18
257
13,667 26
39
45 94
May 1908
338
15,527 72
40
38 88
300
11,664 00
Nov. 1908
41
31 99
358
May 1909
11,452 42
42
25 27
532
Nov. 1909
13,443 64
18 72
591
May 1910
43
11,063 52
44
12 33
410
5,055 30
Nov. 1910
45
6 09
807
4,914 63
May 1911
Dues paid in advance .

479 00
$361,729 34

Dues capital
Profits capital
Unpaid dues

$302,497 00
57,614 34
1,618 00
$361,729 34

172

REPO RT OF THE

[Pub. Doc.

MIDDLESEX CO-OPERATIVE BANK, LOWELL.
53 CENTRAL STREET.

Incorporated November 2, 1892.
W illiam M . Sh e r w e l l , President.

Began business November 3, 1892.

W illiam D. B r o w n , Secretary. W illiam D. B r o w n , Treasurer.

Board of Directors: W. D . B r o w n , M. J. B u r ns , C. W. D a n a , E. J. G ilm o r e , S. C. G u l lin e , G. F.
H o w e s , N. H. H utch ins , N. D . K e a b l es , W. R . K illpartrick , J. M. K in g sb u r y , G. A.
S cribner , W. M. Sh e r w e l l .
Security Committee: J. M. K in g sb u r y , W. M. Sh e r w e l l , W. R. K illpartr ick .
Auditors: C. G. M a r t in , H. E. Gill , H. S. C rysler .
Regular meetings for receipt of moneys the last Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash

Liabilities.

$463,575
19,410
838
136
14,236

00
00
53
19
83

Dues capital
Profits capital
Guaranty fund
Surplus

$418,026
74,326
1,899
3,944

$498,196 55

$498,196 55

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
82
60
13

Membership.

.
.
.
.

2,418
1,306
14
150
9,106
3,000

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

270
170
1,138
315

Profits Distributed.

First term, 2J'2%; second term, 2}4%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; after 4
years, 10%.

Rates and Averages on Loans, October 31, 1911.

263 real estate loans (average, $1,762.64 each; average rate, 5%): 5%, $463,575.
52 share loans (average, $373.27 each; average rate, 5%): 5%, $19,410.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,403.50
2.82

Other Expenses.
Total.
$426.93
$1,830.43
.85
3.67

No. 8.]

BAN K COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Cash on hand Oct. 31, 1910

S110,350 00
2,650 00
4,800
60,700
13,120
2,142
24,375
553
5
765
11
1,656

00
00
00
22
04
71
50
77
06
78

$221,130 08
D isbu bsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

$48,902
448
22,350
6,611
70
7,679
105,225
11,060
2,142
574
1,830
14,236

00
00
00
36
84
39
00
00
22
01
43
83

$221,130 08

173

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force Total Value.
Nov. 1899
15 $194 73
113
$22,004 49
184 13
May 1900
16
162
29,829 06
Nov. 1900
17
173 80
56
9,732 80
May 1901
18
163 69
169
27,663 61
Nov. 1901
19
153 87
179
27,542 73
144 26
May 1902
20
163
23,514 38
Nov. 1902
21
134 90
290
39,121 00
May 1903
22
125 77
137
17,230 49
Nov. 1903
23
116 89
125
14,611 25
24
108 20
149
16,121 80
May 1904
99 70
272
Nov. 1904
25
27,118 40
26
91 44
120
10,972 80
May 1905
Nov. 1905
27
83 37
266
22,176 42
28
75 48
321
24,229 08
May 1906
29
67 77
441
Nov. 1906
29,886 57
30
60 24
359
21,626 16
May 1907
31
52 90
285
Nov. 1907
15,076 50
32
45 73
May 1908
286
13,078 78
33
38 73
505
19,558 65
Nov. 1908
27,042 72
34
31 89
848
May 1909
794
20,016 74
Nov. 1909
35
25 21
36
18 68
881
16,457 08
May 1910
37
12 31 1,037
12,765 47
Nov. 1910
38
6 08 1,148
6,979 84
May 1911
Dues paid in advance .

279 00
$494,635 82

Dues capital
Profits capital
Unpaid dues

$418,026 00
74,326 82
2,283 00
$494,635 82

D a te of E x a m in a tio n , June 26, 27, 28, 29, 30, July 1, 3, 5.


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

174

REPORT OF THE

[Pub. Doc.

MILFORD CO-OPERATIVE BANK, MILFORD.
189 M AIN STREET.

Incorporated March 31, 1887.
R. C. E ldridge , President.

Began business April 1, 1887.

W alter F. M a n n , Secretary.

W alter F. M a n n , Treasurer.

Board of Directors: H. A. B r o w n , C. L. C l ar k , D. J. C r o n a n , S. A. E a st m a n , H. H. L e n t , A. T.
M a cn en , W . S. M a rd en , John N ol a n , P. E. Sw e e n e y , H. E. W h it n e y , E. P. W illard .
Security Committee: D . J. C r o n a n , C. L. C l ar k , L. E. H ea th .
Auditors: H. K. B ullard , J. A. W a llace , F. C. L othrop .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OP CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Temporary expense account
Cash
.
.
.
.

Liabilities.

.

$513,925
26,579
1,455
162
250
138
5,124

00
00
98
56
00
78
42

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Forfeiture profits
Forfeited share account

.

$547,635 74

00
79
00
00
87
70
00
13
90
35

$547,635 74

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$444,727
86,160
8,200
5,640
2,695
79
6
81
4
40

Membership.

.

.
.

1,256
395
6
125
75
7,693
3,288

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

194
62
1,147
456

Profits Distributed.

First term, 2}4% ; second term, 2Y2%.

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

445 real estate loans (average, $1,154.88 each; average rate, 5.27%): 5%, $277,675; 5%%, $51,525; 5 %%,
$39,090; 5%%, $17,925; 5 V2%, $16,750; 5%%, $28,850; 5%%, $20,600; 5^ % , $13,050; 6%, $18.750;
614%, $5,950; 6Vi%, $5,850; 6%%, $1,700; 6 V2V0, $7,560; 6%%, $2,900; 6%%, $450; 6 %%, $600;
7%, $2,200; 7%%, $2,500.
165 share loans (average, $161.08 each; average rate, 5.47%); 5%, $9,874; 534%, $2,095; 5 Y% , $3,090;
5Vs%, $1,380; 5V2%, $1,720; 5%%, $100; 5 M%, $540; 5^% , $2,000; 6%, $1,240; 6%%, $1,105;
61/4%, $950; 6%%, $285; 6y2%, $40; 6%%, $8S5; 6%%, $400; 7%, $875.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

.......................................... $1,082.50
..........................................
1.97

Other Expenses.

Total.

$535.26
.98

$1,617.76
2.95

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Cash on hand Oct. 31, 1910

$90,091 00
4,200
60,950
9,790
27,172
728
43
323
4
7,463

00
00
00
00
61
00
19
90
37

$200,766 07
D isbuksem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Furniture and fixtures
Cash on hand Oct. 31, 1911

$22,141
324
17,130
11,225
4,069
54
4,809
3,798
116,300
13,245
608
1,617
318
5,124

00
00
00
00
76
14
45
42
00
00
62
76
50
42

$200,766 07

175

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Oct. 1899
26 $196 34
28
$5,497 52
April 1900
44,072 52
27
185 96
237
175 76
45,346 08
Oct. 1900
28
258
April 1901
29
165 77
18,566 24
112
30
155 97
22,459 68
Oct. 1901
144
14,782 36
April 1902
31
146 36
101
32
136 96
8,217 60
Oct. 1902
60
12,519 50
April 1903
33
127 75
98
40,134 12
34
118 74
Oct. 1903
338
55,849 52
April 1904
35
109 94
508
9,021 04
Oct. 1904
36
101 36
89
37
53,655 23
April 1905
92 99
577
38
84 82
42,070 72
Oct. 1905
496
21,671 70
April 1906
39
76 85
282
40
69 07
227
15,678 89
Oct. 1906
41
36,949 48
April 1907
61 48
601
42
262
14,168 96
Oct. 1907
54 08
April 1908
43
11,058 96
46 86
236
7,444 47
44
39 81
187
Oct. 1908
April 1909
45
32 94
22,827 42
693
46
9,783 79
Oct. 1909
26 23
373
April 1910
47
19 69
375
7,383 75
6,442 04
13 31
484
Oct. 1910
48
6,124 20
April 1911
49
7 08
865
62 00
62
Oct. 1911
50
1 00
Dues paid in advance .

719 00
$532,506 79

Dues capital
Profits capital
Unpaid dues

$444,727 00
86,160 79
1,619 00
$532,506 79

D ate of E x a m in a tio n , October 5.


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

REPO RT OF THE

176

[Pub. Doc.

MONTELLO CO-OPERATIVE BANK, BROCKTON.
755 NORTH M AIN STREET.

Incorporated August 1, 1911.
A lbebto W . L u m be bt , President.

Began business September 14, 1911.

J. Joseph C oopee , Secretary.

J. Joseph C oopee , Treasurer.

Board of Directors: S. P. A lden , D. W . B attle s , C. S. B e agdon , D. E . B b o w n , F. A . B txdeeski,
J. L. E m e b y , G. E . F ish e e , J. H . G obdon , E . L. G o w d t , Joseph H e w i t t , C. P. H olland ,
W . E . Johnson , A . W . L tjmbebt, A . E . N elson , C. D. N e v in s , C. A . N oy e s , J. B . N y e , F. H .
P ack a bd , F. L . P bic e , F. F. P b io e , A . M . R ollins .
Security Committee: J. B . N y e , J. L. E m e b y , J. G. W il d e .
Auditors: F. W. S e a e s , W. B. P a ck a bd , Sa m u e l G o o dw in .
Regular meetings for receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Permanent expense account
Cash
.
.
.
.

Liabilities.

$2,550 00
521 94
1,555 09

Dues capital
Interest
.
Fines
.

.
.
.

.
.
.

.
.
.

.
.
.

$4,627 03

$4,627 03

Membership.

Shares.

Issued during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

2,065
2,065
13

Added during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

1 real estate loan (average, $2,550; average rate, 6%) 6%, $2,550.


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

$4,612 00
14 15
88

216
216
1

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Interest
.
Fines
.

177

BAN K COMMISSIONER

No. 8.]

.
.
.

.

.
.

.

.
.

.

.
.

$4,612 00
14 15
88

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series,
Sept. 1911

1

¡ / S e e . Total Value$2 00

Dues paid in advance .

2,065
.

.

$4,627 03
D isbursements .

Real estate loans
.
.
Permanent expense
.
.
Cash on hand Oct. 31, 1911

.
.
.

$2,550 00
521 94
1,555 09
$4,627 03

D ate op E x a m in a tio n , November 9.


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

$4,130 00
618 00
$4,748 00

Dues capital
Unpaid dues

.
.

.
.

.
.

.
.

$4,612 00
136 00
$4,748 00

178

REPORT OF THE

[Pub. Doc.

i

M T. WASHINGTON CO-OPERATIVE BANK, BOSTON.
445 BR OADW AY (SOUTH BOSTON DISTRICT).

Incorporated June 20, 1893.
T homas J. G ib l in , President.

Began business June 21, 1893.

John M . Sh e a , Secretary.

J ohn M . Sh e a , Treasurer.

Board of Directors: D. W. C r ee d , J. H. G ib l in , T. J. G ib l in , T. R. G rim es , F. J. H a n n o n , W. J.
H e n n e ssey , F. W. L y o n s , F rancis M a giir n , C. P. M o o n e y , J. P. M organ , M . J. M u l le n ,
M . J. M u r r a y , G . H . Sa l l a w a y , J. M . Sh e a , A lfred Smart .
Security Committee: J. H . G ib l in , F. J. H a n n o n , C. P. M oo ney .
Auditors: T. F. R e ill y , J. T. P o w er s , J. E. C a r t y .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest
Unpaid fines
Insurance .
.
.
Cash
.
.
.

Liabilities.

.

.
.

$482,250
11,430
1,507
116
8
10,345

00
00
53
40
00
17

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account

.
.
.
.

$505,657 10

00
90
00
20
00

$505,657 10

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$424,009
69,535
3,700
8,371
41

Membership.

.
.

2,988
1,706
4
86
. 10,057
. 2,962

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

296
184
1,003
251

Profits Distributed.

First term, 2Yi%\ second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on
series from 4 to 5 years old; 15% on series from 5 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.

Rates and Averages on Loans, October 31, 1911.

211 real estate loans (average, $2,285.54 each; average rate, 5.18%); 5%, $303,850; 5Jti%, $178,100;
6%, $300.
59 share loans (average, $193.73 each; average rate, 5.82%); 5%, $1,375; 5J^%, $1,250; 6%, $8,805.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

Salaries.
$1,166.67
2.31

Other Expenses.
$867.66
1.71

Total.
$2,034.33
4.02

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
JtE C E IP T S .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Forfeited share account
Taxes
.
.
.
.
Cash on hand Oct. 31, 1910

$118,830 00
500 00
1,000
49,150
14,825
473
24,512
933
5
622
3
1
52
19,705

00
CO
00
63
05
83
25
91
95
00
75
55

$230,615 92
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest on matured shares .
Temporary expense
Insurance .
.
.
.
Taxes
.
.
.
.
Cash on hand Oct. 31, 1911

$57,080
154
12,895
8,088
19
4,321
120,000
14,790
473
353
2,034
8
52
10,345

00
00
00
75
74
09
00
00
63
46
33
00
75
17

$230,615 92

D ate of E x am in a tio n , February 28.


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

179

Reconciliation of Share Account with Dues
and Profits Capital.

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

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

Series,
14 $194 41
15
183 90
16
173 65
17
163 63
18
153 90
19
144 37
20
135 09
21
126 04
22
117 20
23
108 54
24
100 09
25
91 84
26
83 75
27
75 86
28
68 12
29
60 56
30
53 17
31
45 95
32
38 90
33
32 01
34
25 29
35
18 73
12 33
36
37
6 09

Dues paid in advance .

A f^ c e . Total Value.
92
5
62
137
91
171
97
160
195
358
364
250
281
463
384
353
476
275
648
426
805
1,203
1,426
1,335

$17,885
919
10,766
22,417
14,004
24,687
13,103
20,166
22,854
38,857
36,432
22,960
23,533
35,123
26,158
21,377
25,308
12,636
25,207
13,636
20,358
22,532
17,582
8,130

72
50
30
31
90
27
73
40
00
32
76
00
75
18
08
68
92
25
20
26
45
19
58
15

234 00
$496,873 90

Dues capital
Profits capital
Unpaid dues

$424,009 00
69,535 90
3,329 00
$496,373 90

180

REPO RT OF THE

[Pub. Doc.

NEEDHAM CO-OPERATIVE BANK, NEEDHAM.
232 GREAT PLAIN AVENUE.

Incorporated April 21, 1892.
C h ables E. B o u en e , President.

Began business May 9, 1892.

W. G. M o seley , Secretary.

W. G. M ose le y , Treasurer.

Board of Directors: C. E. B o u rn e , F. G. C l e w s , H. A. C rossman , H. A. T. Dow, F.
J. B. L ester , A. M. M il le r , T. F. P e abod y , Joseph T emperley .

de

M. D u n n ,

Security Committee: H. A. C rossman , A. M. M iller , F. G. C lew s , T. F. P e abod y , H. A. T. Dow.
Auditors: W. F. Sn o w , H . D. R odgers , T. R . Q u in la n .
Regular meetings for receipt of moneys the second ^Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Personal accounts
Furniture and fixtures
Cash
.
.
.

Liabilities.

.

.

$335,707
9,071
22
600
3,427

62
00
85
00
51

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Personal accounts

.

$348,828 98

00
74
00
64
10
50

$348,828 98

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$289,179
48,482
2,500
5,100
499
3,067

Membership.

.
.
.
.

3,169
1,765
14
39
8,386
2,151

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

331
179
1,029
241

Profits Distributed.

First term, 3%; second term, 3%.

Proportion of profits retained on voluntary withdrawals, the last dividend up to 7 years; after 7 years,
none.

Rates and Averages on Loans, October 31, 1911.

208 real estate loans (average, $1,613.98 each; average rate, 6.30%): 6.30%, $335,707.62.
53 share loans (average, $171.15 each; average rate, 6.30%): 6.30%, $9,071.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,014.00
2.91

Other Expenses.
Total.
$577.51
$1,591.51
1.65
4.56

No. 8.]

BAN K COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited share account
Personal accounts
Cash on hand Oct. 31, 1910

.
.
.
.
.

$98,695
39,175
8,064
18,884
963
308
3
879
322
3,067
2,893

00
00
00
50
20
94
25
08
75
50
51

$173,256 73
D isb u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Cash on hand Oct. 31, 1911

.
.

$39,474
285
7,800
6,067
39
2,340
102,827
8,555
82
1,591
557
209
3,427

00
00
00
01
85
00
22
CO
50
511
28
85
51

$173,256 73

181

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
May
May
Nov.
Ma y
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
Mav
Nov.
May

1900
1901
1901
1902
1902
1903
19C3
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

17
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Value
$198
174
163
153
142
132
122
113
104
95
86
78
69
61
54
46
39
32
25
18
12

00
94
92
22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38

6 10

Dues paid in advance .

Shares
m r orce.
83
$16,434 00
45
7,872 30
68
11,146 56
19
2,911 18
54
7,712 82
79
10,487 25
54
6,639 84
102
11,572 92
92
9,589 16
226
21,531 02
248
21,469 36
242
18,907 46
380
26,573 40
414
25,655 58
302
16,380 48
361
16,873 14
725
28,608 50
704
22,802 56
571
14,571 92
913
17,210 05
1,153
14,274 14
1,551
9,461 10
340 00
$339,024 74

Dues capital
Profits capital
Unpaid dues

$289,179 00
48,482 74
1,363 00
$339,024 74

D a t e op E x a m in a t io n , October 10, 11,


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

182

[Pub. Doc.

REPO RT OF THE

NEW BEDFORD CO-OPERATIVE BANK, NEW BEDFORD.
125 MIDDLE STREET.

Incorporated July 11, 1881.
G eo r g e R. S t e t s o n , President.

Began business August 19, 1881.

C h a r l e s R. P r ic e , Secretary.

E d g a r L o r d , Treasurer.

Board of Directors: E. P. H a s k in s , W. A. K i r b y , C. S. P a is l e r , E. E. F . P o t t e r , O. S. P a in e , W. L .
S a y e r , R. A . S o u l e , C. M. T a b e r , F r e d e r ic T a b e r , H . W. T r ip p , S. F . W in s p e h .
Security Committee: L. B. B ate s , W . A. K i r b y , H. W . T r ip p .
Auditors: A . S. J a m e s , D. W . C o r y .
Regular meetings for receipt of moneys the third Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due
Loans on shares .
Unpaid dues
.
Unpaid interest .
Unpaid fines
.
Cash
.
.

Liabilities.

$609,675 00
4,150 00
.
.
.

.

.

.
.
.

.

.

.
.
.
.

$605,525
18,500
4,568
1,920
291
9,980

00
00
00
41
24
88

Dues capital
Profits capital .
.
Guaranty fund .
Surplus
.
.
.
Forfeited share account
Advance interest

.

.
. . .

$640,785 53

00
91
91
19
59
93

$640,785 53

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$522,027
92,434
11,614
14,484
165
58

.
.

4,237
3,035
2
147
. 12,708
. 4,039

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

405
298
1,481
382

Profits Distributed.

First term, 2% % ; second term, 2%%

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

303 real estate loans (average, $1,998.43 each; average rate, 5.85%): 5 %%, $182,750; 6%, $422,775.
79 share loans (average, $234.18 each; average rate, 5.95%): 5 J^%, $1,825; 6%, $16,675.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,414.83
3.77

Other Expenses.
Total.
$636.21
$3,051.04
.99
4.76

No. 8.]

BANK COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues, capital
Real estate loans eliminated by
maturity of shares '.
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Cash on hand Oct. 31, 1910

$158,770 00
6,100
108,886
17,775
60,400
34,002
624
3
1,195

00
54
00
00
89
70
00
83
20
2 00
1,982 42

$389,742 58

D isb u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Rea! estate loans
Share loans
Uncompleted mortgage loans
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1911

$89,190
2
21,356
11,833
!

8,133
168,975
17,050
57,400
146
3,051
165
2,458
9,980

CO
00
00
64
20
35
00
00
00
66
03
50
32
88

$389,742 58

D a t e op E x a m in a t io n , March 13, 14, 15, 16.


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

183

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
per Share.
Nov. 1899
38 $199 82
May 1900
39
188 89
Nov. 19C0 40
178 25
May 1901
41
167 84
Nov. 1901
42
157 71
May 1902
43
147 82
Nov. 1902
44
138 16
May 1903
45
128 74
Nov. 1903
46
119 55
May 1904
47
110 60
Nov. 1904
48
101 86
May 1905
49
93 33
Nov. 1905
50
85 00
May 1906
51
76 87
Nov. 1906
52
68 94
May 1907
53
61 24
Nov. 1907
54
53 70
Mav 1908
55
46 37
Nov. 1908
56
39 21
May 1909
57
32 23
Nov. 1909
58
25 43
May 1910
59
18 81
Nov. 1910
60
12 37
May 1911
61
6 10
Dues paid in advance .

Shares
in Force. Total Value.
103
$20,581 46
107
20,211 23
133
23,707 25
91
15,273 44
119
18,767 49
101
14,929 82
169
23,349 04
150
19,311 00
261
31,202 55
247
27,318 20
369
37,586 34
275
25,665 75
452
38,420 00
495
38,050 65
415
28,610 10
649
39,744 76
480
25,776 OO
498
23,092 26
659
25,839 39
871
28,072 33
1,157
29,422 51
1,449
27,255 69
1,555
19,235 35
1,903
11,608 30
1,431 00
$614,461 91

Dues capital
Profits capital

$522,027 00
92,434 91
$614,461 91

184

REPO RT OF THE

[Pub. Doc,

NEWBURYPORT CO-OPERATIVE BANK, NEWBURYPORT.
CORNER OF STATE AND ESSEX STREETS.

Incorporated March 15, 1888.
W . H e b b e b t N o y e s , President.

Began business April 9, 1888.

G e o b g e E. S t ic k n e y , Secretary.

G e o b g e E. S t ic k n e y , Treasurer.

Board of Directors: W. D . A d a m s , S a m u e l B b o o k in g s , C . E. H a l e , W. F . H o u s to n , N . N . J o n e s , L . N .
K e n t , H . W. L it t l e , M . B . N o y e s , W. H . N o y e s , J. A . P e e b y , H . A . P is t o e iu s , G . E. St ic k n e y ,
H . A . W il s o n .

Security Committee: W. H . N o y e s , W. F . H o u s t o n , N . N . J o n e s .
Auditors: W. H. W e l c h , M. R. C u b b ie b .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION. OCTOBER 31. 1911.
Assets

Loans on real estate .
.
.
Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Unpaid premiums
.
.
.
Unpaid fines
.
.
.
.
Temporary expense account
.
Insurance and taxes paid
.
.
Furniture and fixtures
.
.
Cash
..........................................

Liabilities.

$390,700 00
2,050 00
1,696 75
86 85
207 56
199 60
45 25
600 00
40 93

Dues capital
Profits capital
Guaianty fund .
Surplus
Interest
Premiums .
Fines
Withdrawal profits

.

$395,626 94

00
67
00
87
75
65
84
16

$395,626 94

Membership.

Shares.

Issued during year
Withdrawn during year
Retired during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$320,813
65,588
3,510
3,511
1,940
99
39
123

.
.
.

1,047
703
288
6,643
2,099

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borroweis Oct. 31, 1911

180
163
907
286

Profits Distributed.

First term, 2J^%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 7 years old; after 7
years, none.

Rates and Averages on Loans, October 31, 1911.

305 real estate loans (average, $1,280.98 each; average rate, 6.30%): 6.30%, $390,700.
11 share loans (average, $186.36 each; average rate, 6.30%): 6.30%, $2,050.

T otal Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
Total.
$1,460.16
$791.17
$2,251.33
3.69
2.00
5.69

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, "Sear ending
October 81, 1911.
R e c e ip t s .

$78,157
70,450
1,825
5,033
23,691
1,189
631
7
607
71
15
1
13,001

Dues capital
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
Premiums .
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Taxes
.
.
.
.
Rent
.
.
.
.
Profits capital
Cash on hand Oct. 31, 1910

00
00
00
52
33
15
89
50
47
27
50
00
05

$194,681 68
D isb u r s e m e n t s .

Dues capital withdrawn
Dues capital retired
Profits capital withdrawn
Profits capital retired .
Real estate loans
Share loans
.
.
.
Real estate by foreclosure
Temporary expense
Surplus
.
.
.
.
Taxes
.
.
.
.
Cash on hand Oct. 31, 1911

.
.
.

$40,920
38,951
9,589
15,895
81,650
1,525
3,060
2,251
681
116
40

00
00
52
56
00
00
10
33
72
52
93

$194,681 68

185

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

26 $185 38
27
174 28
28
163 49
29
153 00
142 81
30
132 90
31
32
123 27
33
113 88
34
104 74
35
95 86
36
87 23
37
78 85
70 70
38
62 77
39
40
55 08
41
47 63
42
40 38
33 34
43
44
26 49
19 84
45
46
13 37
47
7 10
1 00
48

Dues paid in advance .

A f e
85
17
208
197
126
89
104
230
205
270
207
268
318
509
337
477
278
382
375
527
487
606
341

Total Value.
$15,757
2,962
34,005
30,141
17,994
11,828
12,820
26,192
21,471
25,882
18,056
21,131
22,482
31,949
18,561
22,719
11,225
12,735
9,933
10,455
6,511
4,302
341

30
76
92
00
06
10
08
40
70
20
61
80
60
93
96
51
64
88
75
68
19
60
00

312 00
$389,775 67

Dues capital
Profits capital
Unpaid dues

$320,813 00
65,588 67
3,374 00
$389,775 67

D a t e o p E x a m in a t io n , December 22, 23.


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Federal Reserve Bank of St. Louis

186

REPO RT OF THE

[Pub. Doc.

NEWTON CO-OPERATIVE BANK, NEWTON.
297 W ALNUT STREET, NEWTONVILLE.

Incorporated June 14, 1888.
James W . F r e n c h , President.

Began business September 4, 1888.

J. C h e e v e r F u l l e r , Secretary.

J. C h e e v e r F u l l e r , Treasurer.

Board of Directors: H. E. B o t h f e l d , C. R . B r o w n , T. B . F i t z p a t r ic k , W . M . F l a n d e r s , J. W . F r e n c h ,
S. W . F r e n c h , J. C. F u l l e r , F. J. H a l e , P. A. M c V i c a r , G. F. S im p so n , A. R. W e e d , G. M .
W eed.

Security Committee: J. W. F r e n c h , F. J. H a l e , A. R. W e e d , P. A. M cV ic a r , W. M. F l a n d e r s , J. C.
F u l l e r , C. R. B r o w n .
Auditor: A u g u stu s N ic k e r s o n .
Regular meetings for receipt of moneys the first Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

$733,500 00
8,550 00

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Interest on retired shares
Cash
.
.
.
.

8,100 00

1,654
853
59
12,088

19
39
45
23

Dues capital
Profits capital
Guaranty fund
Sui pi us
Interest
Fines
Withdrawal profits

$640,738
97,090
13,700
5,260
7,396
179
439

$764,805 26

00
14
00
54
96
82
80

$764,805 26

Membership.

Shares.

Issued during year
Withdrawn during year
Retired during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

4,456
3,136
383
. 15,319
. 3,966

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

297
208
1,624
439

Profits Distributed.

Fjrst term, 2% % ; second term, 2]4%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 10% on
series from 6 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

402 real estate loans (average, $1,824.63 each; average rate, 5.04%): 5%, $686,800: 5)^%, $16,350; 5.70%,
$16,700; 6%, $13,650.
39 share loans (average, $219.23 each; average rate, 5%): 5%, $8,55(1.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

Salaries.
$3,000.00
3.92

Other Expenses.
$2,176.73
2.84

Total.
$5,176.73
6.76

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Withdrawal profits
Taxes
.
.
.
.
.
Security committee
Cash on hand Oct. 31, 1910

$178,281
185,975
9,475
1,700
1,700
38,597
767
1,230
432
117
1,588

00
00
00
00
00
69
56
18
03
00
03

$419,863 49
D isbttbsem ents .

Dues capital withdrawn
Dues capital retired
Profits capital withdrawn
Profits capital retired .
Real estate loans
Share loans
.
.
.
.
Real estate by foreclosure .
Interest
.
.
.
.
.
Temporary expense
Taxes
.
.
.
.
.
Security committee
Cash on hand Oct. 31, 1911

$122,242
56,609
18,036
18,225
178,850
6,810
232
1,044
5,176
432
117
12,088

00
00
11
42
00
00
03
94
73
03
00
23

187

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
Sept. 1899
23 $193 38
Mar. 1900
24
183 08
Sept. 1900
25
173 04
Mar. 1901
26
163 21
Sept. 1901
27
153 66
Mar. 1902
28
144 32
Sept. 1902
29
135 19
Mar. 1903
30
126 31
Sept. 1903
31
117 61
Mar. 1904
32
109 11
Sept. 1904
33
100 80
Mar. 1905
34
92 68
Sept. 1905
35
84 73
Mar. 1906
36
76 96
Sept. 1906
37
69 36
Mar. 1907
38
61 93
Sept. 1907
39
54 66
Mar. 1908
40
47 55
Sept. 1908
41
40 60
Mar. 1909
42
33 81
Sept. 1909
43
27 16
Mar. 1910
44
20 66
Sept. 1910
45
14 30
Mar. 1911
46
8 08
Sept. 1911
47
2 00
Dues paid in advance .

$419,863 49

Shares
in Force. Total Value.
54
$10,442 52
196
35,883 68
178
30,801 12
229
37,375 09
234
35,956 44
218
31,461 76
201
27,173 19
262
33,093 22
147
17,288 67
363
39,606 93
246
24,796 80
377
34,940 36
439
37,196 47
518
39,865 28
564
39,119 04
608
37,653 44
477
26,072 82
939
44,649 45
970
39,382 00
758
25,627 98
959
26,046 44
1,235
25,515 10
1,363
19,490 90
2,193
17,719 44
1,591
3,182 00
1,290 00
$741,630 14

Dues capital
Profits capital
Unpaid dues

$640,738 00
97,090 14
3,802 00
$741,630 14

D a t e of E x a m in a t io n , February 16, 17, 18, 20.


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Federal Reserve Bank of St. Louis

188

REPO RT OF THE

[Pub. Doc,

NODDLE ISLAND CO-OPERATIVE BANK, BOSTON.
272 MERIDIAN STREET

(EAST BOSTON D ISTR ICT).

Incorporated February 23, 1911.
A. D u d l e y B a g l e y , President.

Began business March 4, 1911.

J a m e s H. C l in e , Secretary.

J a m e s H. C l in e , Treasurer.

Board of Directors: A. J. B e a t o n , J. H . B e n n e t t , G . D . W . B r o w n , M . J. C a s h m a n , A. S. C a s s id y ,
J. H. C o a k l e y , C . W . C r o c k e r , W . W . D a v i s , D . M . D u g a n , G . W . G o o d e a r l , C h a r l e s K i n g ,
D . J. L e a h y , J. F. M c C a r t h y , J. H. M c C u l p h a , J. S. M u r r a y , R . F. M u r r a y , H. L . P l u m m e r ,
C . A. R o l l in s , C . A. S a w y e r , H. C . S u m n e r , E. R . T a y l o r , A. L . T a l l m a n .
Security Committee: A. D. B a g l e y , J. S. M u r r a y , A. S. C a s s id y .
Auditors: W. E. C a r s l e y , J oh n W a t s o n .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION. OCTOBER 31. 1911.
Assets.

Liabilities.

Loans on leal estate .
.
.
Loans on shares .
.
.
.
Permanent expense account
.
Temporary expense account
.
C a s h .......................................

$4,100 00
50 00
102 87
17 00
1,502 01

Dues capital
.
Profits capital .
Guaranty fund .
Surplus
.
.
Interest
.
.
Fines
.
.
Personal accounts

.
.
.

.
.
.

.
.
.
.
.
.

.

.
.
.
.
.
.
.

.

$5,654 00
69 99
3 63
10 36
24 00
7 95
1 95

$5,771 88

$5,771 88

Shares.

Membership.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

900
46
854
33

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

170
10
160
5

Other Expenses.
$17.00
2.94

Total.
$17.00
2.94

.
.
.

.

.

.

.
.

.

Profits Distributed.

First term, 1J^%; second term, l}i% .

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

4 real estate loans (average, $1,025 each; average rate, 6%): 6%, $4,100.
1 share loan (average, $50; average rate, 6%); 6%, $50.

Total Expenses for Year.

Salaries.
Amount paid for temporary expenses
Cost per $1,000 of assets


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Federal Reserve Bank of St. Louis

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
Personal accounts

.
.
.

$5,843
100
18
1

00
23
36
95

$5,963 54

189

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. pJstare. in Force.
Mar. 1911
1
$8 10
639
203
June 1911
2
5 03
12
Sept. 1911
3
2 00
Dues paid in advance .

Total Value.
$5,175 90
1,021 09
24 00
47 00
$6,267 99

D isb u r s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

.

$189
2
4,100
50
17
102
1,502

00
66
00
00
00
87
01

$5,963 54

D a te o p E x a m in a t io n , November 2, 3.


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

Dues capital
Profits capital
Unpaidj.dues
Suspense dues

$5,654
69
5C4
40

00
99
00
00

$6,267 99

[Pub. Doc.

REPO RT OF THE

190

NORTH ABINGTON CO-OPERATIVE BANK, NORTH ABINGTON,
NORTH AVENUE.

Incorporated March 23, 1888.
W il l ia m C . B r e t t , President.

Began, business April 4, 1888.

F r e d e r ic k E . R e e d , Secretary.

E d w a r d P. B o y n t o n , Treasurer.

Board of Directors: A. N. C a l k in s , E. W. C a l k in s , D. R. C o u g h l a n , J. L. G r e e n w o o d , A. L. M e r ­
r il l , E. H. N a y l o r , G. W. O r c u t t , J. A. R a d c l if f e , A. B. R e e d , F. E. S h a w , S. N. T u r n e r ,
F. G. W h e a t l e y .
Security Committee: J. L. G r e e n w o o d , S. N. T u r n e r , E. W. C a l k in s .
Auditors: A. W. C r a ig , A. H. N a s h , F . N . Sa n d e r s o n .
Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Bonds and notes
Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Personal accounts
Insurance and taxes paid
Suspense account
Cash
.
.
.
.

$12,000
448,890
10,464
1,823
87
261
53
1,482
120
12
16,842

00
00
00
15
50
10
69
16
21
04
55

Dues capital
.
.
Profits capital .
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Premiums .
.
.
Fines
.
.
.
Transfer fees
.
.
Withdrawal profits
Foifeited share account

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

00
53
00
81
80
30
78
50
45 2S
155 45

$492,036 40

$492,036 40

Membership.

Shares.

Issued during year
Withdrawn during vear
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$394,122
81,761
2,150
11,021
2,533
128
117

.

.
.

1,650
902
14
110
8,758
2,544

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

193
132
1,238
379

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

380 real estate loans (average, $1,181.29 each; average rate, 6.30%): 6.30%, $448,890.
48 share loans (average, $218 each; average rate, 6.30%): 6.30%, $10,464.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,200.00
2.43

Other Expenses.
Total.
$629.50
$1,829.50
1.27
3.70

191

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Temporary expense
Forfeited share account
Taxes
.
.
.
.
Cash on hand Oct. 31, 1910

$100,496 00
5,600 00
47,475 00
3,235 00
784 30
26,893 80
1,359 25
978 47
2 50
327 47
3 50
225 29
7 99
9,171 59
$196,560 16

D isb u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Bonds and notes
Premium on bonds
Interest
Temporary expense
Forfeited share account
Personal accounts
Taxes
.
.
.
.
Suspense account
Cash on hand Oct. 31, 1911

$30,208
288
15,448
4,467
39
6,597
99,750
6,855

00
00
00
97
85
80
00
00

Reconciliation of Share Account with Dues
and Profits Capital.

Shares Total Value.
Value
Date of Issue. Series. per
Share. in Force.
$20,892 90
105
April 1900
25 $198 98
26,220 60
187 29
140
26
Oct. 1900
17,242 12
98
27
175 94
April 1901
14,842 80
90
164 92
28
Oct. 1901
147
22,670 34
29
154 22
April 1902
18,122 58
126
30
143 83
Oct. 1902
24,476 25
183
133 75
April 1903
31
22,436 76
181
32
123 96
Oct. 1903
121
13,849 66
114 46
33
April 1904
23,676 75
225
34
105 23
Oct. 1904
178
17,136 06
35
96 27
Aoril 1905
407
35,640 99
87 57
36
Oct. 1905
31,177 22
394
79 13
April 1906
37
28,797 58
406
70 93
38
Oct. 1906
27,391 95
435
39
62 97
April 1907
21,377 88
387
55 24
Oct. 1907
40
20,432 72
428
41
47 74
April 1908
18,004 70
445
42
40 46
Oct. 1908
734
24,508 26
33 39
43
April 1909
18,749 64
707
26 52
44
Oct. 1909
13,954 55
19 85
703
April 1910
45
10,021 62
749
13 38
46
Oct. 1910
6,148 60
866
7 10
47
April 1911
503 00
503
1 00
48
Oct. 1911
461 00

Dues paid in advance .

$478,736 53

12,000 00

352
226
1,829
145
1,482
15
12
16,842

06
00
50
85
16
38
04
55

Dues capital
Profits capital
Unpaid dues

.

$394,122 00
81,761 53
2,853 00
$478,736 53

$196,560 16

D a te of E x a m in a tio n , September 27, 28, 29, 30; October 2.


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Federal Reserve Bank of St. Louis

I

192

REPORT OF THE

[Pub. Doc,

NORTHAMPTON CO-OPERATIVE BANK, NORTHAMPTON.
25 M AIN STREET.

Incorporated May 21, 1889.
L. L. C a m p b e l l , President.

Began business May 24, 1889.

H. R. G r a v e s , Secretary.

H. R. G r a v e s , Treasurer.

Board of Directors: F. L. C l a p p , W. M. C o c h r a n , L. Z. D r a g o n , W. N. D o a n e , C. K. G r a v e s , R. W.
I r w i n , A. M. L o c k e , J. W . O ’B r ie n , C. O. P a r s o n s , E. E. W oo d , Jr.
Security Committee: J. W, O ’B r ie n , A. M. L o c k e , W. N. D o a n e , L. L. C a m p b e l l , H. R. G r a v e s .
Auditor: O. B . B r a d l e t .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Liabilities.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Permanent expense account
Personal accounts
Cash

.

$724,600
23,420
3,100
2,323
415
300
90
26,044

00
00
00
11
32
00
00
17

Dues capital
.
.
Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Forfeited share account
Matured share account

.
.

.
.

.

.
.

$630,767
128,328
3,479
15,055
635
2,027

.

$780,292 60

$780,292 60

Shares.

Issued during year
.
Withdrawn during year
Retired during year
.
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.
.
.
.

00
75
05
22
48
10

.
.
.

.
.
.

.
.
.

.
.
.

.
.

3,428
1,500
79
121
13,949
4,477

Added during year
.
Withdiawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.
.
.
.

.
.
.
.

.
.
.

423
167
1,908
527

Profits Distributed.

First term, 2% % ; second term, 2M%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 4
years, none.
*

Rates and Averages on Loans, October 31, 1911.

421 real estate loans (average, $1,721.14 each; average rate, 6%): 6%, $724,600.
108 share loans (average, $216.85 each; average rate, 6%): 6%, $23,420.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

$1,886.00

2.42

Other Expenses.
Total.
$540.15
$2,426.15
.69
3.11

BANK COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
.
Interest
.
.
.
.
.
Premiums .
Fines
.
Transfer fees
.
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account
Cash on hand Oct. 31, 1910

$164,988 00
3,200
147,150
13,800
42,750
1
1,019
6
381

00
00
00
61
80
80
50
60
68
561 88
7,999 64

$381,860 51
D isb u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured ' .
Real estate loans
Share loans
.
.
.
.
Interest
.
.
.
.
.
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$57,085
572
11,252
17,424
8,770
138
4,192
7,073
228,050
18,245
287
2,426
300
26,044

00
00
00
00
19
66
53
36
00
00
45
15
00
17

$381,860 51

193

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
22 $202 37
Nov. 1899
191 02
May 1900
23
24
Nov. 1900
180 04
25
169 37
May 1901
26
159 00
Nov. 1901
27
148 87
May 1902
Nov. 1902
28
139 04
29
129 44
May 1903
120 15
Nov. 1903
30
111 06
31
May 1904
102 19
32
Nov. 1904
93 56
May 1905
33
85 14
34
Nov. 1905
35
76 95
May 1906
36
68 97
Nov. 1906
61 20
37
May 1907
38
53 64
Nov. 1907
39
46 28
May 1908
39 12
40
Nov. 1908
41
32 15
May 1909
42
25 37
Nov. 1909
43
18 77
May 1910
44
12 34
Nov. 1910
45
6 09
May 1911
Dues paid in advance .

Shares
in Force. Total Value.
$32,176 83
159
49,092 14’
257
42,129 36
234
35,398 33
209
25,440 00
160
42,874 56
288
36,845 60
265
40,126 40
310
23,429 25
195
271
30,097 26
27,591 30
270
33,962 28
363
291
24,775 74
371
28,548 45
22,967 01
333
38,494 80
629
41,463 72
773
780
36,098 40
700
27,384 00
36,651 00
1,140
1,149
29,150 13
1,532
28,755 64
1,369
16,893 46
1,901
11,577 09
781 00
$762,703 75

Dues capital
Profits capital
Unpaid dues

$630,767 00
128,328 75
3,608 00
$762,703 75

D a t e op E x a m in a t io n , May 22, 23, 24, 25.


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Federal Reserve Bank of St. Louis

194

REPO RT OF THE

[Pub. Doc.

NORTH DIGHTON CO-OPERATIVE BANK, NORTH DIGHTON.
SPRING STREET.

Incorporated April 14, 1890.
D a n ie l C b o t t t , President.

Began business April 21, 1890.

D w ig h t F. L a n e , Secretary.

D w ig h t F. L a n e , Treasurer.

Board of Directors: E d w a r d A l m t , A. G. B o s w o r t h , C . F. B e o w n e l l , A l e x a n d e r C h is h o l m , S. N .
C o d d in g , J. P. D a r t , J. F. D r is c o l l , J. H . G o f f , E d w in H a s k in s , C . F. I n g a l l s , H. G . J o n e s ,
J. H . N o r r is , W. J. R e e d , G. A. R e e d , W. L. W h i t e , T. P. W il l ia m s .
Security Committee: C. F. I n g a l l s , E d w a r d A l m t , J. P . D a r t .
Auditors: C. H. E v a n s , N. R. L in c o l n , D. C. S t e w a r t .
Regular meetings for receipt of moneys the second Monday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Permanent expense account
Temporary expense account
Pass boob account
Cash
.
.
.
.

Liabilities.

.

$102,050
1,355
272
189
295
10
2,208

00
00
17
53
35
80
01

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines and transfer fees

.
.
.
.
.

$106,380 86

00
98
44
81
11
52

$106,380 86

Shares.

Issued duiing year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$87,179
12,627
1,184
2,204
3,100
84

Membership.

.

624
345
28
2,242
633

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

43
30
282
97

Profits Distributed.

One term, 6%.

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

95 real estate loans (average, $1,074.21 each; average rate, 5.30%): 5.30%, $102,050.
12 share loans (average, $112.92 each; average rate, 5.30%): 5.30%, $1,355.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$325.00
3.05

Other Expenses.
$118.23
1.11

Total.
$443.23
4.16

195

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
Fines
.
.
.
.
Pass book account
Cash on hand Oct. 31, 1910

.

.

$26,191
17,250
1,525
5,308
148
5
600

00
00
00
60
18
10
27

$51,028 15
D isb u r s e m e n t s .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

.

$12,085
4,088
1,891
1,525
27,150
1,530
90
443
17
2,208

00
00
24
44
00
00
23
23
00
01

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
whare
April 1900
11 $183 88
12
163 51
April 1901
144 20
April 1902
13
14
125 80
April 1903
108 29
April 1904
15
91 61
16
April 1905
75 72
April 1906
17
18
60 59
April 1907
19
46 19
April 1908
20
32 46
April 1909
21
19 39
April 1910
22
7 00
April 1911
Dues paid in advance .

Total Value.

74
44
56
45
38
88
99
173
223
375
470
557

$13,607
7,194
8,075
5,661
4,115
8,061
7,496
10,482
10,300
12,172
9,113
3,899

12
44
20
00
02
68
28
07
37
50
30
00

58 00
$100,235 98

Dues capital
Pi ofits capital
Unpaid dues

$51,028 15

D a t e of E x a m in a t io n , September 12, 13, 14, 15.


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Federal Reserve Bank of St. Louis

Shares

$87,179 00
12,627 98
429 00
$100,235 98

196

[Pub. Doc,

REPORT OF THE

NORTH DORCHESTER CO-OPERATIVE BANK, BOSTON.
923 ; DORCHESTER AVENUE (DORCHESTER DISTRICT).

Incorporated July 20, 1907.
P e t e k F. H a n l e y , President.

Began business August 20, 1907.

T h o m a s L. L y o n s , Secretary.

T h o m a s L . L y o n s , Treasurer.

Board of Directors: F. C . C a r e y , M. J. C u d d ih y , J. M. D o n o v a n , M. J. D r is c o l l , E. F. F o r d , J. E.
F u r f e y , A. E. G a y g in , A. C . H a l e y , J. W . M c D e r m o t t , J. H . M u r p h y , A. J. S a r g e n t , G . A.
S u l l iv a n , W . P . W a t t e n d o r f .

Security Committee: P . F. H a n l e y , M. J. D r is c o l l , J. E. F u r f e y .
Auditors: M. J. C u d d ih y , W . P . W a t t e n d o r f , E. F . F o r d .
Regular meetings for receipt of moneys the third Tuesday of each’ month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Permanent expense account
Cash
.
.
.
.

$65,400 00
2,200 00
341 92
1,219 14

Dues capital
.
.
Profits capital
.
.
Guaranty fund .
.
Forfeited share account

.
.
.

.
.
.

00
31
45
30

$69,161 06

$69,161 06

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$64,171
4,829
101
59

.

958
713
2,635
430

Added during year
Withdrawn during vear
Members Oct. 31, 1911
Boirowers Oct. 31, 1911

82
51
319
41

Profits Distributed.

First term, 1}4% ; second term, 1}i%< third term,
1/4%; fourth term, VA%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on
series from 4 to 6 years old; 10% on series 6 to 7 years old; 5% on series 7 to 8 years old; after 8
years, none.
Rates and Averages on Loans, October 31, 1911.

27 real estate loans (average, $2,422.22 each; average rate, 5.17%); 5%, $52,400; 5 J^%, $4,000; 6%,
$9,000.
14 share loans (average, $157.14 each; average rate, 5.04%); 5%, $2,015; 5J^%> $185.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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Federal Reserve Bank of St. Louis

Salaries.
$150.05
2.17

Other Expenses.1
$170.37
2.46

Total.
$320.42
4.63

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Share loans repaid
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Withdrawal profits
.
.
Cash on hand Oct. 31, 1910

$29,089 00
675 00
2,912 66
122 25
171 67
1,218 49

.
.

.

$34,189 07
D isbursements .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
.
Share loans
.
.
.
Temporary expense
.
Permanent expense
.
Guaranty fund .
.
.
Cash on hand Oct. 31, 1911

.
.
.

.
.
.

.

.
.

.
.
.

.

$12,324 00
721 24
18,000 00
1,600 00
40 89
282 17
1 63
1,219 14

197

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Aug. 1907
1
$56 25
353
$19,856 25
52 73
132
Nov. 1907
2
6,960 36
49 20
136
6,691 20
Feb. 1908
3
45 69
May 1908
4
48
2,193 12
5
42 12
83
3,495 96
Aug. 1908
35 29
116
4,093 64
Feb. 1909
6
3,217 86
May 1909
31 86
101
7
139
3,955 94
Aug. 1909
28 46
8
25 22
95
2,395 90
Nov. 1909
9
245
21 96
5,380 20
Feb. 1910
10
222
4,153 62
May 1910
11
18 71
12
15 50
147
2,278 50
Aug. 1910
1,271 02
13
12 34
103
Nov. 1910
1,527 20
14
166
Feb. 1911
9 20
1,836 10
15
6 10
301
May 1911
248
751 44
Aug. 1911
16
3 03
Dues paid in advance .

103 00
$70,161 31

$34,189 07

Dues capital
Profits capital
Unpaid dues

$64,171 00
4,829 31
1,161 00
$70,161 31

D ate of E xam in a tio n , March 17, 18.


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Federal Reserve Bank of St. Louis

I

[Pub. Doc,

REPO RT OF THE

198

NORTH EASTON CO-OPERATIVE BANK, NORTH EASTON.
22

CENTRE STREET.

Incorporated April 23, 1889.
L. B . C rockett , President.

Began business April 23, 1889.

W il lia m H . C lem en ts , Secretary.

W illiam H . C lem ents , Treasurer.

Board of Directors: J ohn B a l d w in , J. R . C l ar k , F. L. C rockett , G. H . D e W it t , W . N. H ow ar d ,
T . F. L add , Sa nder L arson , A. J. L e a v it t , F red P orter , A. B . S lad en , E. P. Spooner , H . F.
T h ater.

Security Committee: G. H. D e W it t , A. B. S lad en , L. B. C r ock ett .
Auditors: E. M. C a r r , O. E. S pooner , G. C. B a r r o w s .
Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Unpaid premiums
.
.
.
Unpaid fines
.
.
.
.
Temporary expense account
.
Personal accounts
.
.
.
C a s h .......................................

$196,675 00
2,442 00
1,082 20
4 25
77 13
72 48
184 84
4,449 21

.

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Premiums .
Fines
Withdrawal profits
Forfeited share account

Membership.

Shares.

.

.
.

.
.
.
.
.

00
12
36
18
57
53
62
39
34

$204,987 11

$204,987 11

Issued during year
.
Withdrawn during year
Forfeited during year .
Retired during year
.
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$165,262
32,751
3,107
2,756
1,047
2
29
15
15

.
.

.
.
.
.
.

.
.
.
.
.
.

853
521
8
5
38
3,989
1,096

.

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

65
26
514
185

Profits Distributed.

First t’erm, 3%; second term, 3%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; after 5
years, none.

Rates and Averages on Loans, October 31, 1911.

194 real estate loans (average, $1,013.78 each; average rate, 6%): 6%, $181,975; 6.30%, $14,700.
15 share loans (average, $162.80 each; average rate, 6%): 6%, $2,442.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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Federal Reserve Bank of St. Louis

Salaries.
$488.45
2.38

Other Expenses.
$387.48
1.89

Total.
$875.93
4.27

199

BANK COMMISSIONER.

No. 8.]

CO

00

R eceipts .

Dues capital
.
.
Real estate loans eliminated by
foreclosure
.
.
Real estate 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
Retired share account .
Matured share account
Cash on hand Oct. 31, 1910

m

Receipts and Disbursements, Year ending
October 31, 1911.

00

750 00
3,500
19,325
1,814
1,150
11,342
37
377
2
204
12
956
7,660
5,705

00
00
00
00
43
69
23
CO

27
80
00
42
24
33

$97,710 41
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
.
Dues capital retired .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
.
Share loans
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
.
Forfeited share account
Retired share account .
Matured share account
Personal accounts
.
Cash on hand Oct. 31, 1911

.

.
.

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

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

$25,988 00
56 00
716 00
5,305 00
5,440 56
4 16
226 61
2,280 00
40,600 00
992 00
1,150 00
125 61
875 93
12 00
956 42
7,660 24
872 67
4,449 21
$97,710 41

D a te of E x a m in a tio n , November 13, 14, 15,


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

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
23 $198 97
24
$4,775 28
1900
24
187 28
1900
40
7,491 20
25
175 94
50
8,797 00
1901
164 92
1901
26
53
8,740 76
1902
27
154 25
31
4,781 75
1902
143 88
28
60
8,632 80
1903
29
133 76
48
6,420 48
1903
30
123 96
68
8,429 28
1904
31
114 46
111
12,705 06
1904
32
105 23
96
10,102 08
1905
96 27
91
33
8,760 57
1905
34
87 57
127
11,121 39
35
79 13
1906
150
11,869 50
1906
36
70 93
211
14,966 23
1907
62 97
212
13,349 64
37
55 24
151
1907
38
8,341 24
214
1908
39
47 74
10,216 36
1908
40
201
8,132 46
40 46
1909
41
33 39
226
7,546 14
42
327
1909
26 52
8,672 04
19 85
314
1910
43
6,232 90
44
13 38
467
1910
6,248 46
405
1911
45
7 10
2,875 50
312
312 00
1911
46
1 00

April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

Dues paid in advance .

172 00
$199,692 12

Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$165,262 00
32,751 12
1,679 00
$199,692 12

200

NORTH

[Pub. Doc.

REPORT OF TH E

WEYMOUTH

CO-OPERATIVE

BANK,

NORTH

WEYMOUTH.

48 SEA STREET.

Incorporated September 26, 1910.
G eorge A . W a lk e r , President.

Began business October 1, 1910.

E d w in R . Sampson , Secretary.

E d w in R . Sampson , Treasurer.

Board of Directors: A. H. A lden , A . W. B artlett , T . R. B lanchard , E dw ard B r o w n , W. P. D en broeder , P. J. D errig , S. G. D u n ba r , S olomon F ord , R. A . G la d w in , J. P. H olbrook ,
E . H. K a v a n a g h , H. A . N a sh , P. K . N isb e t , R. H. W h itin g , W . H. W ilde .
Security Committee: S. G. D un ba r , A . H. A l de n , R . H. W h itin g .
Auditors: J. J. L a n e , F. H. T orrey , M. P. G a r e y .
Regular meetings for receipt of moneys the first Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash

$11,450
140
13
7
150
2,099

$13,485
308
17
48

Dues capital
Profits capital
Guaranty fund
Surplus

00
00
20
02
00
67

$13,859 89

$13,859 89

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
81
87
21

.

582
52
1,332
97

Added during year
Withdrawn during year
Members Oct. 31, 1911
Boriowers Oct. 31, 1911

68

V
194
11

Profits Distributed.

First term, V/i.%\ second term, 23^% ■

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

9 real estate loans (average, $1,272.22 each; average rate, 5.98%); 5%, $550; 6%, $10,900.
2 share loans (average, $70 each; average rate, 6%): 6%, $140.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

.

.

.

.

-

Other Expenses.
$228.26
16.54

Total.
$228.26
16.54

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Cash on hand Oct. 31, 1910

$12,980
1,350
417
15

00
00
88
90
25
44
802 00

201

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Oct. 1910
May 1911

1
2

$13 33
6 08

Dues paid in advance .

Shares
in Force. Total Value.
$10,783 97
3,179 84
50 00
$14,013 81

$15,566 47
D isbursements .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$297
1
12,800
140
42
185
2,099

00
54
00
00
87
39
67

$15,566 47

D ate

op

E x a m in a t io n ,


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

September

11.

Dues capita!
Profits capital
Unpaid dues

$13,485 00
308 81
220 00
$14,013 81

202

REPO RT OF THE

[Pub. Doc,

NORWOOD CO-OPERATIVE BANK, NORWOOD.
767 W ASHINGTON STREET.

Incorporated September 20, 1889.
F rancis O. W in sl o w , President.

Began business October 1, 1889.

I r ving S. F ogg , Secretary.

I r ving S. F ogg , Treasurer.

Board of Directors: F. G. A lle n , E . H. B artlett , H. L. B oyd e n , D. E . C a ll a h a n , F. E . E v e r e t t ,
F. A. F a le s , F. L. F ish e r , H. W. G a y , J. A. H artshorn , H. D. Sn o w , G. St untzn er , W. F .
T ilto n , R. R. W illiam son .
Security Committee: F. A. F a le s , F. L. F ish e r .
Auditors: E. D. S mith , H enr y C rosby , H. W. B a k e r .
Regular meetings for receipt of moneys the first Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
.
.
.
Unpaid fines
.
.
.
.
Temporary expense account
Personal account
Cash
.
.
.
.
.

$511,520
6,760
73
163
510
7,814

00
00
66
44
93
12

Dues capital
.
.
Profits capital .
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Tiansfer fees
.
.
Withdrawal profits
Forfeiture profits
Personal account

.
.
.
.
.
.

.
.
.
.
.
.

$526,842 15

$425,896
83,403
3,100
12,877
1,452

00
42
00
91
88
75
56 89
2 10
52 20

$526,842 15

Shares.

Membership.

Issued during year
Withdrawn during year
Foifeited during year
Retired during year
Matiued duiing year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

2,909
1,355
40
82
193
. 10,971
. 2,883

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

308
196
1,336
347

Profits Distributed.

First term, 3%; second term, 3%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

388 real estate loans (average, $1,318.35 each; average rate, 6%): 6%, $511,520.
45 share loans (average, $150.22 each; average rate, 6%): 6%, $6,760.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

Salaries.
$1,500.00
2.85

Other Expenses.
$526.35
1.00

Total.
$2,026.35
3.85

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
.
Foifeited profits .
.
.
.
Personal accounts
Profits capital
.
.
.
.
Security committee
Cash on hand Oct. 31, 1910

.
.

$117,766
73,000
7,486
29,948
583
2
1,078
139
2,432
2
91
1,247

00
00
00
47
81
75
83
00
33
26
50
96

$233,778 91

D isbubsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Interest
.
.
.
.
Temporary expense
Personal accounts
Surplus
.
.
.
.
Security committee
Cash on hand Oct. 31, 1911

.
.

$36,270
2,060
9,859
27,571
4,951
139
4,003
11,576
122,000
4,725
626
2,026
63
2
91
7,814

00
00
00
00
45
00
14
14
00
00
58
35
37
26
50
12

$233,778 91
D ate of E x a m in a tio n , September 11, 12.


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

203

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

$199
187
175
164
154
143
133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance .

00
30
95
92
22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

Shares
113
94
32
95
121
157
215
171
231
263
300
290
427
380
548
424
426
598
690
737
986
1,048
1,388
1,237

$22,487
17,606
5,630
15,667
18,660
22,581
28,756
21,197
26,440
27,675
28,881
25,395
33,788
26,953
34,507
23,421
20,337
24,195
23,039
19,545
19,572
14,022
9,854
1,237

00
20
40
40
62
31
25
16
26
49
00
30
51
40
56
76
24
08
10
24
10
24
80
00

150 00
$511,602 42

Dues capital
Profits capital
Unpaid dues

$425,896 00
83,403 42
2,303 00
$511,602 42

REPORT OF THE

204

[Pub. Doc.

ORANGE CO-OPERATIVE BANK, ORANGE.
M ANN’ S BLOCK.

Incorporated January 8, 1889.
F r an k S. E w in g , President.

Began business January 23, 1889.

IJam es D. K im b a ll , Secretary.

James D . K im b all , Treasurer.

Board of Directors: A. W. B a llo u , C. C. C ook , F . A. D e x t e r , E. C. F o w le r , O scar F u ller , E. S.
H a l l , F. D . K ellogg , Z. W . L a m b , T. S. M a n n , F. W. P latts , G. P. S h e r w in , F. L. S p ear .
Security Committee: T. S. M a n n , E. S. H a ll , J. D. K im b a ll .
Auditors: E. E. G r id l ey , E. J. W

ood ,

E. C. B u e ll .

Regular meetings for receipt of moneys the fourth Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Temporary expense account
Cash
.
.
.
.

.

$150,530
2,638
470
23
2,918

00
00
00
75
55

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
Interest
.
.
.
Fines
.
.
.
Transfer fees
Withdrawal profits

.
.
.
.

$156,580 30

00
89
46
19
52
33
50
113 41

$156,580 30

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$121,553
24,130
1,127
6,834
2,764
56

.

692
317
4
42
2,541
871

Added daring year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

81
54
339
147

Profits Distributed.

First term, 3% ; second term, 3%.

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

158 real estate loans (average, $952.72 each; average rate, 5.90%): 5%, $13,800; 6%, $136,730.
35 share loans (average, $75.37 each; average rate, 6%); 6%, $2,638.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$400.00
2.55

Other Expenses.
$116.41
.74

Total.
$516.41
3.29

BAN K COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
* .
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Cash on hand Oct. 31, 1910

D isbursements .

.

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
$29,654 00
1,700
20,031
3,780
8,469
280
1
200
5
5,551

00
CO
00
90
46
25
94
08
57

$69,674 20
Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

205

$13,067
246
6,048
2,041
60
2,480
40,360
1,935
516
2,918

00
00
00
96
88
40
00
00
41
55

$69,674 20

Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

Total Value.
$196
185
174
164
154
144
134
125
115
107
98
89
81
73
65
58
50
43
36
29
22
16
10
4

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46

35
32
59
18
02
10
49
13
98
05
36
91
68
63
80
13
68
45
39
52
85
38
10
00

43
40
16
76
35
9
60
74
90
28
109
92
93
60
227
40
141
93
97
160
152
148
397
261

Dues paid in advance .

$8,443
7,412
2,793
12,477
5,390
1,296
8,069
9,259
10,438
2,997
10,721
8,271
7,596
4,417
14,936
2,325
7,145
4,040
3,529
4,723
3,473
2,424
4,009
1,044

05
80
44
68
70
90
40
62
20
40
24
72
24
80
60
20
88
85
83
20
20
24
70
00
N
88 00

$147,326 89
Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$121,553 00
24,130 89
1,643 00

$147,326 89
D a te op E x a m in a tio n , May 2, 3.


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

[Pub. Doc.

REPO RT OF THE

206

PEABODY CO-OPERATIVE BANK, PEABODY.
THOM AS BLOCK, PEABODY SQUARE.

Incorporated May 28, 1888.
P. H . O ’C onor , President.

Began business June 16, 1888.

J ohn A . T e a g u e , Secretary.

J ohn A . T e a g u e , Treasurer.

Board of Directors: C. S. B atchelder , P. II. C ole m a n , G. C. F ar r in g to n , B . G. H a ll , J ustus Jo n es ,
W . T . L e e , S. S. L ittlefie ld , S. L. N e w h a l l , P. H . O ’C onor , L. P. O sbor n , L e v i P r eston ,
A lonzo R a ddin , W . F. Sa w y e r , V. W . S m ith , J. A . T e a g u e .

Security Committee: L ev i P r eston , J ustus Jo n es , A lonzo R a ddin .
Auditor: C. S. B a t c h e l d e r .
Regular meetings for receipt of moneys the third Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Cash
.
.
.
.

$777,140
24,000
1,4C0
3,027
1,134
3,705

46
00
00
22
89
84

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Premiums .
Fines
Transfer fees
.
.
Withdrawal profits
Forfeited share account
Matured share account

.

.

00
67
00
56
92
74
34
50
07
39
22

$810,408 41

$310,408 41

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited duiing year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$667,676
102,528
3,329
10,054
18,237
2
368
1
134
237
7,838

.
.

4,394
1,913
30
114
. 15,978
. 4,659

Added during year
Withdrawn during year
Members Oct. 31, 1911
Boriowers Oct. 31, 1911

.

499
239
1,981
562

Profits Distributed.

First term, 2% % ; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 10% on series not over 54 months old: after
54 months, none.

Rates and Averages on Loans, October 31, 1911.

522 real estate loans (average, $1,488.77 each; average rate, 5.50%): 5}^%, $774,740.46; 6.30%, $2,400.
94 share loans (average, $255.32 each; average rate, 5.50%): 5.50%, $24,000.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,771.00
2.19

Other Expenses.
$1,032.74
1.27

Total.
$2,803.74
3.46

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

$184,829 CO
3,600
106,200
9,700
925
41,666
14
873
4
275
490
19,294
13,033

00
00
00
00
72
64
91
25
51
37
78
80

$380,907 98
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Matured share account
Personal accounts
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.

R eceipts .

Dues capital
Real estate 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 share account
Matured share account
Cash on hand Oct. 31, 1910

$67,817
274
16,380
9,198
33
6,595
240,782
13,950
221
158
2,803
266
300
17,386
1,035
3,705

00
00
00
56
00
12
30
00
00
49
74
04
98
31
60
84

Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47

Total Value.
$194
183
173
163
153
143
133
124
115
106
98
89
81
73
66
58
51
44
37
30
23
17
11
5

Dues paid in advance .

77
90
34
02
04
20
90
69
73
90
34
96
79
87
14
59
25
09
13
37
76
34
09
00

48
126
152
124
209
233
195
151
444
270
479
527
743
517
789
638
609
809
793
1,043
1,402
1,560
2,122
1,995

$9,348
23,171
26,347
20,214
31,985
33,365
26,110
18,828
51,384
28,863
47,104
47,408
60,769
38,190
52,184
37,380
31,211
35,668
29,444
31,675
33,311
27,050
23,532
9,975

96
40
68
48
36
60
50
19
12
00
86
92
97
79
46
42
25
81
09
91
52
40
98
00

653 00
$775,181 67

Dues capital
Profits capital
Unpaid dues

$380,907 98

D ate of E x a m in a tio n , July 24, 25, 26, 27, 28, 29.


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

207

$667,676 00
102,528 67
4,977 00
$775,181 67

208

REPORT OF THE

[Pub. Doc.

PEOPLES CO-OPERATIVE BANK, FALL RIVER.
160 BEDFORD STREET.
Incorporated February 18, 1882.
J ohn H. E stes , President.

Began business March 15, 1882.

C harles H. D u e f e e , Secretary.

C harles H. D ur f ee , Treasurer.

Board of Directors: W . H. B lanchette , F. C. B r o w n el l , J. B . C lifton , A . P. D a v ol , C . H. D u r f e e ,
G. N. D u r f ee , T. H. E n w r ig h t , J. E . E stes , J. H. E stes , P atrick K ie r a n , A rchibald M cD ou ­
gall ,

C. E . M il ls , J. E . S u l liv a n , M ichael Sw e e n e y , M a tt h e w T hompson , J oseph T u r n e r ,

Security Committee: A. P. D a v ol , J. H. E stes , P atr ick K ie r a n , M ichael Sw e e n e y , C. H. D u r f e e .
Auditors: G. P. B r o w n , J. W. B u r y , R . W. R eynolds .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest .
Cash
.
.
.
.

$300,900
6,550
4,674
1,148
10,512

00
00
47
10
97

Dues capital
Profits capital
Guaranty fund
Surplus

$259,342
48,673
3,182
12,587

.

$323,785 54

$323,785 54

Membership.

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
22
35
97

1,529
1,306
141
5,463
1,660

190
165
675
136

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911
Profits Distributed.

First term, 2}^%; second term, 2%%.

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

118 real estate loans (average, $2,517.45 each; average rate, 5.50%); 5 ^ % . $300,900.
21 share loans (average, $311.90 each; average rate, 5.84%); 5H%. $2,050; 6%, $4,500.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,440.00
4.44

Other Expenses.
Total.
$232.52
$1,672.52
.72
5.16

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Cash on hand Oct. 31, 1910

$68,119 00
2,200 00
1,400
66,100
7,100
239
17,001
285
6,767

00
00
00
12
77
29
27

$169,212 45
D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

$41,440
20,976
6,402
7,573

00
00
30
23

68,000 00

6,800
3,014
2,462
358
1,672
10,512

00
48
48
47
52
97

209

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Nov. 1899
37 $196 69
87
$17,112 03
38
185 94
122
May 1900
22,684 68
39
175 46
56
Nov. 1900
9,825 76
165 23
82
May 1901
40
13,548 86
Nov. 1901
41
155 27
74
11,489 98
42
145 52
May 1902
77
11,205 04
Nov. 1902
43
136 04
187
25,439 48
44
May 1903
126 78
126
15,974 28
45
Nov. 1903
117 77
70
S,243 90
May 1904
46
108 97
53
5,775 41
47
Nov. 1904
100 38
107
10,740 66
48
92 01
151
May 1905
13,893 51
Nov. 1905
49
83 86
230
19,287 80
50
75 89
May 1906
158
11,990 62
Nov. 1906
51
68 12
199
13,555 88
52
254
May 1907
60 52
15,372 08
Nov. 1907
53
53 11
238
12,640 18
54
45 88
257
Mav 1908
11,791 16
55
38 83
Nov. 1908
347
13,474 01
May 1909
56
31 95
553
17,668 35
Nov. 1909
57
25 25
314
7,928 50
18 70
405
May 1910
58
7,573 50
12 31
59
749
Nov. 1910
9,220 19
60
6 08
567
May 1911
3,447 36
Dues paid in advance .

61 00
$309,944 22

$169,212 45

Dues capital
Profits capital
Unpaid dues

$259,342 00
48,673 22
1,929 00
$309,944 22

D ate of E xam in a tio n , December 28, 29.


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Federal Reserve Bank of St. Louis

210

REPO RT OF THE

[Pub. Doc.

PIONEER CO-OPERATIVE BANK, BOSTON.
36 BROMFIELD STREET.

Incorporated July 26, 1877.
J o h n C . C o o k , President.

Began business August 6, 1877.

W il l ia m D. E l d b e d g e , Secretary.

W il l ia m D. E l d b e d g e , Treasurer.

Board of Directors: W. H . B a i n , E. E. B b id g e , J.. C. C o o k , E de ic E l d b id g e , W. D. E l d b e d g e ,
D. H . L. G l e a s o n , T . R . H u g h e s , J. T . K a l e b , W . S. M a s o n , E. K . N e w h a l l , H . P. O a k m a n ,
W. H . R o b e b t s , H. L. S a m p s o n , W. P. S c o t t , A l b e b t T h a y e b , G. W. W a b b e n .
Security Committee: J. C. C o o k , W. H. R o b e b t s , H. P. O a k m a n , E. K. N e w h a l l , G. W. W a b b e n .
Auditors: H. H. R o b e b t s , C. E. L o w d , A. J. C a b s w e l l .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Liabilities.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Temporary expense account
Cash

$541,550
19,750
3,067
1,727
225
500
19,013

00
00
44
91
98
00
18

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Forfeited share account

$472,278
93,213
4,954
11,795
2,802
151

00
63
00
69
07
26
25
74 90
564 71

$585,834 51

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year .
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.
.
.

.

.
.
.
.
.

.

.
.
.
.
.

.

1,784
869
6
148
8,884
3,063

$585,834 51

M em bership.
Added during year
.
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 1, 1911

.

.
.
.

204
137
1,063
262

Profits Distributed.

First term, 2J4% ; second term, 2¿4%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

215 real estate loans (average, $2,518.83 each; average rate, 5.18%); 5%, $323,250; 5 M%. $59,550; 514%,
$142,750; 5 %%, $15,000; 6%, $1,000.
’
67 share loans (average, $294.78 each; average rate, 5.42%); 5%, $3,400; 5 V%, $1,400; 514%, $13,350;
5 %%, $1,300; 6%, $300.
T otal Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,750.00
2.99

Other Expenses.
$1,238.02
2.11

Total.
$2,988.02
5.10

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages
Interest
.
.
.
.
Fines
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1910

$101,342 00
3,500
44,250
4,800
2,190
28,660
973
3
873

00
00
00
40
94
57
25
10
47
26 00
25,534 88
9,051 60

$221,206 21
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Temporary expense
Forfeited share account
Matured share account
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$28,676
26
22,159
3,493

00
00
00
23

1 86

7,889
100,450
10,800
2,988
157
25,534
17
19,013

58
00
00
02
46
88
00
18

$221,206 21

211

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Oct. 1899
43 $193 79
208
$40,308 32
April 1900
44
183 49
165
30,275 85
173 47
Oct. 1900
45
240
41,632 80
April 1901
46
163 66
239
39,114 74
47
154 06
259
39,901 54
Oct. 1901
April 1902
144 67
48
257
37,180 19
49
Oct. 1902
135 50
263
35,636 50
April 1903
50
126 50
207
26,185 50
51
Oct. 1903
117 73
134
15,775 82
52
April 1904
109 15
157
17,136 55
100 74
Oct. 1904
53
150
15,111 00
92 52
April 1905
54
193
17,856 36
Oct. 1905
55
84 49
326
27,543 74
312
56
76
63
April 1906
23,908 56
68 94
Oct. 1906
57
377
25,990 38
April 1907
58
61 42
279
17,136 18
59
Oct. 1907
54 07
273
14,761 11
462
April 1908
60
46 88
21,658 56
61
39 85
19,327 25
Oct. 1908
485
April 1909
62
32 97
525
17,309 25
63
26 25
520
13,650 00
Oct. 1909
April 1910
19 70
817
16,094 90
64
13 31
683
9,090 73
Oct. 1910
65
860
April 1911
66
7 08
6,088 80
1 00
493
493 00
67
Oct. 1911
Dues paid in advance .

294 00
$569,461 63

Dues capital
Profits capital
Unpaid dues

$472,278 00
93,213 63
3,970 00
$569,461 63

D a t e oe E x a m in a t io n , April 17, 18, 20, 21, 22, 24, 25.


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

212

REPO RT OF TH E

[Pub. Doc.

PITTSFIELD CO-OPERATIVE BANK, PITTSFIELD.
139 NORTH STREET.

Incorporated February 15, 1889.

Began business March 5, 1889.

H e n b y R . P e ib s o n , President. L o b e n zo H . G a m w e l l , Secretary. L o b e n zo H . G a m w e i .l , Treasurer.

Board of Directors: G . S. A d a m s , C . E. B u b k e , M ic h a e l C a s e y , W . W . G a m w e l l , L . H. G a m w e l l ,
J a co b G im l ic h , E. A . J o n e s , A . A . M il l s , G . W . P e a s e , H. R . P e ib s o n , H. S. R u s s e l l , W . W .
S c o f ie l d .

Security Committee: H. S. R u s s e l l , G. W. P e a s e , M ic h a e l C a s e y .
Auditors: J a m e s K it t l e , E dson B o n n e y , H e n b y T b a v e b , Jr.
Regular meetings for receipt of moneys the Wednesday following the second Tuesday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Cash

Liabilities.

.

$869,850
39,955
946
15,767

00
00
28
02

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

.

$926,518 30

00
01
44
65
20

$926,518 30

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31,. 1911 .

$785,037
124,298
8,003
8,909
270

Membership.

.
.

4,915
3,685
10
227
. 17,474
. 6,072

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

516
412
1,972
575

Profits Distributed.

First term, 2M %; second term, 2)4%.

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

411 real estate loans (average, $2,116.42 each; average rate, 5%): 5%, $869,850.
164 share loans (average, $243.62 each; average rate, 5.07%): 5%, $36,975; 6%, $2,980.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$3,290.00
3.55

Other Expenses.
Total.
$905.81
$4,195.81
.98
4.53

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31. 1 9 li.

R eceipts.
Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1910

$213,854 00
6,600
117,150
56,490
43,334
1,023
8
601
264
21,419

00
00
00
41
82
75
00
20
41

$460,745 59

D isbursements.
Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Interest
.
.
.
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$114,077
34,050
14,363
11,746
207,050
58,820
70
4,796
4
15,767

00
00
50
89
00
00
37
81
00
02

$460,745 59

213

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
22 $201 34
May 1899
23
190 78
Nov. 1899
180 53
May 1900
24
25
170 53
Nov. 1900
26
160 79
May 1901
151 28
27
Nov. 1901
28
141 98
Ma y 1902
132 89
Nov. 1902
29
30
124 02
May 1903
31
115 35
Nov. 1903
32
106 88
May 1904
33
98 57
Nov. 1904
90 46
May 1905
34
82 52
35
Nov. 1905
74 77
May 1906
36
37
67 19
Nov. 1906
59 78
May 1907
38
52 53
39
Nov. 1907
40
45 44
May 1908
41
38 51
Nov. 1908
42
.31 73
May 1909
43
25 11
Nov. 1909
18 62
May 1910
44
45
12 29
Nov. 1910
46
6 08
May 1911
Dues paid in advance

Shares
in Force. Total Value.
95
$19,127 30
108
20,604 24
182
32,856 46
276
47,066 28
181
29,102 99
43,114 80
285
41,742 12
294
379
50,365 31
54,692 82
441
303
34,951 05
266
28,430 08
263
25,923 91
542
49,029 32
224
18,484 48
626
46,806 02
720
48,376 80
688
41,128 64
810
42,549 30
898
40,805 12
1,230
47,367 30
1,149
36,457 77
37,564 56
1,496
34,763 54
1,867
2,332
28,660 28
1,819
11,059 52
1,098 00
$912,128 01

Dues capital
Profits capital
Unpaid dues

$785,037 00
124,298 01
2,793 00
$912,128 01

D a t e op E x a m in a t io n , September 19, 20, 21.


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Federal Reserve Bank of St. Louis

214

REPO RT OF THE

[Pub. Doc.

PLYMOUTH CO-OPERATIVE BANK, PLYMOUTH.
44 M AIN STREET.

Incorporated June 7, 1882.
F b e d e e ic k D . B a b t l e t t , President.

Began business June 20, 1882.

E l m eb E . A v e e y , Secretary.

E lm e b E . A v e b y , Treasurer.

Board of Directors: W . E. B a k e b , A, L . B a b n e s , J o seph B a b n e s , F . D . B a b t l e t t , E. L . B u e g e s s ,
P . S. B u b g e s s , H. W . C l a b k e , F . H. C u sh m a n , B . A. H a t h a w a y , F . J. H e a v e n s , W . S. L o b in g ,
S. W . P a t y , R . F . R a n d a l l , C . A. S t e o n g , H . O . W h it in g .
Security Committee: F. H. C u sh m a n , P. S. B u b g e s s , J o seph B a b n e s , S. W. P a t y , E. L. B u e g e s s .
Auditors: B . H . C o b e y , C . F . H a y d e n , E . C. H o l m e s .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Bonds and notes
Loans on real estate
Loans on shares .
Common form mortgages
Real estate.
Unpaid dues
Suspense account
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

$12,475
490,300
31,110
1,098
1,847
3,827
3,613
331
1,106
85
25,108

00
00
00
00
26
00
56
66
71
97
18

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
Interest
.
.
.
Premiums .
.
.
Fines
.
.
.
Transfer fees
Withdrawal profits
Forfeited share account
Advance payments
Profits undivided

.

$460,335
87,582
3,030
987
13,829
725
636
8
203
108
1,733
1,723

. •

.
.
.
.

$570,903 34

$570,903 34

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
04
19
94
91
07
12
25
03
98
76
05

Membership.

.

.
.

2,125
697
39
166
9,705
3,119

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

296
133
1,483
463

Profits Distributed.

First term, 3Mo%; second term, 3]Ao%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on
series more than 5 years old.

Rates and Averages on Loans, October 31, 1911.

541 real estate loans (average, $906.29 each; average rate, 6.33%): 6.30%, $451,700; 6.60%, $29,500;
6.90%, $3,850; 7.20%. $4,250; 7.80%, $150; 8.10%, $450; 8.40%, $400.
202 share loans (average, $154 each; average rate, 6.32%): 6.30%, $28,860; 6.60%, $2,050; 6.90%, $50;
7.20%, $150.
T otal Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,481.30
2.59

Other Expenses.
$1,019.26
1.79

Total.
$2,500.56
4.38

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
Bonds and notes
Real estate by foreclosure
Interest
.
.
.
.
Premiums ,
:
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Temporary expense
Forfeited share account
Advance payments
Special deposit .
Taxes
.
. . .
Cash on hand Oct. 31, 1910

$114,955 00
*
6,450 00
7,600
57,800
17,620
24
16,000
7,555
30,697
1,648
1,458
16
392
28
11
46
7,222
5,000
47
13,379

00
00
00
00
00
OC
47
39
53
75
20
39
00
04
26
00
75
99

$287,952 77

215

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
37 $193 17
June 1900
102
$19,703 34
Dec. 1900
38
181 62
94
17,072 28
39
June 1901
170 40
118
20,107 20
Dec. 1901
40
159 53
157
25,046 21
41
149 00
June 1902
186
27,714 00
42
Dec. 1902
138 76
264
36,632 64
43
128 88
June 1903
168
21,651 84
44
119 24
Dec. 1903
297
35,414 28
45
June 1904
109 90
153
16,814 70
46
Dec. 1904
100 83
334
33,677 22
47
92 08
June 1905
252
23,204 16
48
83 54
Dec. 1905
491
41,018 14
49
75 27
June 1906
432
32,516 64
50
67 23
Dec. 1906
556
37,379 88
51
59 46
June 1907
440
26,162 40
52
51 90
24,289 20
Dec. 1907
468
53
44 57
June 1908
437
19,477 09
54
Dec. 1908
37 47
633
23,718 51
55
June 1909
30 57
544
16,630 08
56
Deo. 19C9
23 89
821
19,613 69
57
June 1910
17 41
806
14,032 46
58
11 11 1,028
Dec. 1910
11,421 08
59
5 00
June 1911
924
4,620 00
$547,917 04

D isbtjesem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Bonds and notes
Real estate by foreclosure
Interest
.
.
Temporary expense
Forfeited share account
Taxes
.
.
.
.
Fines rebated
.
.
Advance payments
Cash on hand Oct. 31, 1911

$19,286
1,131
22,908
2,505
117
10,302
135,450
24,660
28,475
7,887
218
2,500
298
125
16
6,962
25,108

00
00
00
40
69
49
00
00
00
00
70
56
78
22
41
34
18

Dues capital
Profits capital

$287,952 77

D a te op E xam in a tio n , October 25, 26, 27, 30, 31.


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

$460,335 00
87,582 04
$547,917 04

216

REPO RT OF THE

[Pub. Doc.

PROVIDENT CO-OPERATIVE BANK, CHELSEA.
278 BROADW AY.

Incorporated September 25, 1885.
T h o m a s M a r t in , President.

Began business September 28, 1885.

C. W il l is G o u l d , Secretary.

C. W il l is G o u l d , Treasurer.

Board of Directors: I. F. A t w o o d , A. A. F olso m , C. W. G o u l d , J a m e s G ou l d , W. D. G r o v e r , W. F.
J o n e s , B. T. M a r t in , W. L. M a r t i n , W il l ia m M a r t in , C. H. R e e d , E . H. W a l k e r .
Security Committee: J a m e s G o u l d , W . D . G r o v e r .
Auditors: E. N. H u n t , A. H . L e g o , W. B. D e n is o n .
Regular meetings for receipt of moneys the fourth Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Personal accounts
Cash
.
.
.
.

Liabilities.

.

$797,675
40,500
1,876
14
30,766

00
00
30
33
54

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account
Matured share account
Personal accounts

.
.
.
.

$870,832 17

00
22
00
87
58
50
00

$870,832 17

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$691,383
141,252
11,000
25,014
13
2,026
142

Membership.

.
.

2,577
1,699
619
. 12,954
. 4,965

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

122
87
. -1,489
422

Profits Distributed.

First term, 2)4%; second term, 2)4%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

395 real estate loans (average, $2,019.43 each; average rate, 5.31%): 5%, $23,000; 5)4%, $677,575; 5)4%,
$68,475; 6%, $5,100; 6.60%, $23,525.
153 share loans (average $264.70 each; average rate, 5.28%): 5%, $500; 5)4%, $35,250; 5)4%. $4,750.

T otal Expenses for Year.

Amount paid for .
.
Cost pei $1,000 of assets


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

Salaries.
$2,700.00
3.10

Other Expenses.
$1,900.07
2.18

Total.
$4,600.07
5.28

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipt 's .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Withdrawal profits
Matured share account
Personal accounts
Rents
.
.
.
.
Fire loss .
.
.
.
Guaranty fund .
Cash on hand Oct. 31, 1910

$157,896 00
3,500 00
10,400
134,850
33,200
1,758
11,062
44,947
31
1,765
2,278
97,273
12
399
7,119
50
29,683

00
00
00
34
90
02
23
11
18
94
53
09
00
00
14

$536,226 43
D is b u b s e m e n t s .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
Temporary expense
Matured share account
Taxes and repairs
Fire loss
Surplus
Cash on hand Oct. 31, 1911

$65,022
90,619
8,852
32,888
170,475
21,950
5,467
1,538
4,600
95,247
337
6,977
1,486
30,766

00
00
46
31
00
00
25
11
07
44
14
00
16
54

$536,226 48

D a t e op E x a m in a t io n , March 14, 14, 16.


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

217

Reconciliation of Share Account with Dues
and Profits Capital.

Date of’ Issue. Series. Value
per Share.
Nov. 1899
29 $197 02
May 1900
30
186 26
Nov. 1900
31
175 76
May 1901
32
165 53
Nov. 1901
33
155 56
May 1902
34
145 81
Nov. 1902
35
136 32
May 1903
36
127 04
Nov. 1903
37
118 00
May 1904
38
109 19
Nov. 1904
39
100 59
May 1905
40
92 21
Nov. 1905
41
84 02
May 1906
42
76 02
Nov. 1906
43
68 22
May 1907
44
60 62
Nov. 1907
45
53 20
May 1908
46
45 96
Nov. 1908
47
38 90
May 1909
48
32 01
Nov. 1909
49
25 29
May 1910
50
18 73
Nov. 1910
51
12 33
May 1911
52
6 09
Dues paid in advance .

Shares
in Force. Total Value.
251
$49,452 02
199
37,065 74
397
69,776 72
241
39,892 73
258
40,134 48
251
36,598 31
382
52,074 24
365
46,369 60
249
29,382 00
383
41,819 77
447
44,963 73
426
39,281 46
428
35,960 56
444
33,752 88
267
18,214 74
558
33,825 96
463
24,631 60
1,145
52,624 2C
492
19,138 80
854
27,336 50
789
19,953 81
1,328
24,873 44
1,094
13,489 02
1,243
7,569 87
708 00
$838,890 22

Dues capital
Profits capital
Unpaid dues

$691,383 00
141,252 22
6,255 00
$838,890 22

218

REPO RT OF THE

[Pub. Doc.

QUINCY CO-OPERATIVE BANK, QUINCY.
1356 HANCOCK STREET.

Incorporated April 17, 1889.
J oh n F . W e l c h , President.

Began business May 7, 1889.

F r a n k A. R e e d , Secretary.

F r a n k A. R e e d , Treasurer.

Board of Directors: D . L . F. C h a s e , F. W. C r a n e , J. W. D e n n e n , J oh n H a r k in s , E. C . H ttltman ,
J. F. H u n t , P e r r y L a w t o n . A l b e r t N e l s o n , J. G. R o b e r t s , S im eo n S c a m m e ll , J. A. S edg ­
w ic k , E. W. S h e p p a r d , H . O. S t u d l e y , F. E. T u p p e r , J. F. Y o u n g .
Security Committee: G. H . F ie l d , S im e o n S c a m m e ll , F. E. T u p p e r .
Auditors: A. L. H a y d e n , C. K. H o g a n , B. C. M il l e r .
Regular meetings for receipt of moneys the first Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

.

$523,337
19,543
3,000
2,007
339
188
20,174

00
00
00
99
48
55
19

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeiture profits
Forfeited share account

.
.
.
.

$568,590 21

00
30
00
53
38
00

$568,590 21

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$468,025
92,123
2,848
5,584
2
7

Membership.

.
.

2,632
1,165
83
124
. 10,209
. 3,341

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

286
157
1,366
360

Profits Distributed.

First term, 2% %; second term, 2 ^ % .

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

348 real estate loans (average, $1,503.84 each; average rate, 5.35%): 5%, $188,862; 5}4%, $2,400; 514%,
$300,550; 5M%, $950; 6%, $26,375; 6 H%, $2,000; 6J^%, $2,200.
100 share loans (average, $195.43 each; average rate, 5.49%): 5%, $1,560; 5 M%, $16,803; 6%, $905;
6M%, $275.
Total Expenses for Year.

Amount paid for .
,
Cost per $1,000 of assets


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

Salaries.
$1,400.00
2.46

Other Expenses.
$1,195.12
2.11

Total.
$2,595.12
4.57

No. 8.]

BAN K COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 .
Cash on hand Oct. 31, 1910

$121,016 00
1,400 00
6,800
49,500
8,480
1,563
28,706
1,157
10
1,055
2
12,723

00
00
00
75
77
21
00
44
38
22

$232,414 77
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Personal accounts
Cash on hand Oct. 31, 1911

$34,215
12,177
17,881
4,239
4,306
7,016
117,700
10,057
1,563
299
2,595
188
20,174

00
00
00
94
60
84
00
00
75
78
12
55
19

$232,414 77

219

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Nov. 1899
22 $200 74
91
$18,267 34
May 1900
23
189 63
29,961 54
15S
Nov. 1900
24
178 80
171
30,574 80
May 1901
25
168 27
87
14,639 49
Nov. 1901
26
157 98
190
30,016 20
May 1902
27
148 01
106
15,689 06
Nov, 1902
28
138 28
2C3
28,070 84
May 1903
29
128 79
317
40,826 43
Nov. 1903
30
119 56
214
25,585 84
May 1904
31
110 57
191
21,118 87
32
101 79
Nov. 1904
209
21,274 11
May 1905
33
93 24
287
26,759 88
34
84 90
Nov. 1905
358
30,394 20
35
May 1906
76 78
387
29,713 86
Nov. 1906
36
68 85
327
22,513 95
May 1907
37
61 12
358
21,880 96
Nov. 1907
38
53 57
398
21,320 86
May 1908
39
46 23
459
21,219 57
Nov. 1908
40
39 09
698
27,284 82
41
32 15
May 1909
768
24,691 20
42
952
Nov. 1909
25 38
24,161 76
May 1910
43
18 78
825
15,493 50
44
12 35 1,142
Nov. 1910
14,103 70
May 1911
45
6 09 1,313
7,996 17
Dues paid in advance .

553 00
$564,111 95

Dues capital
Profits capital
Unpaid dues
Suspense profits .

$468,025
92,123
3,950
13

00
30
00
65

$564,111 95
D a t e o p E x a m in a t io n , March 21, 22, 23, 24, 25, 27.


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

220

REPORT OF THE

[Pub. Doc.

RANDOLPH CO-OPERATIVE BANK, RANDOLPH.
M AIN STREET.

Incorporated January 29, 1889.

Began business February 7, 1889.

F r a n k l in W. H a y d e n , President.
P a t r ic k H. M c L a u g h l in , Treasurer.
P a t r ic k H. M c L a u g h l in , Secretary.

Board of Directors: P e t e r C a s e y , J a m e s F a r d y , J. H . F i e l d , F. W. H a y d e n , C. D. H i l l , A. H . H ol ­
b r o o k , E d w a r d L o n g , F . D. M c C a r t h y , P . H . M c L a u g h l in , R . E. O ’B r ie n , P . J. R i l e y ,
J. K. W il l a r d .
Security Committee: F . W . H a y d e n , R . E. O ’ B r ie n , P . H . M c L a u g h l in .
Auditors: M. F. C u n n in g h a m , J. H . K e l l e h e r , F. E. L in c o l n .
Regular meetings for receipt of moneys the first Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Temporary expense account
Cash
.
.
.
.

Liabilities.

$95,850
2,400
226
21
91
2,241

00
00
93
22
00
25

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Withdrawal profits

$80,072
14,577
1,835
2,822
1,484
31
7

$100,830 40

$100,830 40

Membership.

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
14
63
76
31
16
40

.

340
189
37
15
1,710
625

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

43
33
283
88

Profits Distributed.

First term, 2% %; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5
years, none.

Rates and Averages on Loans, October 31, 1911.

83 real estate loans (average, $1,154.82 each; average rate, 6%): 6%, $95,850.
24 share loans (average, $100 each; average rate, 6%): 6%, $2,400.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$300.00
2.97

Other Expenses.
$75.06
.74

Total.
$375.06
3.71

No. 8.]

221

BAN K COMMISSIONER

Receipts and Disbursements, Year ending'
October 31, 1911.

Date of Issue. KpnVq

R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited share account
Cash on hand Oct. 31, 1910

$20,127 00
2,850
10,750
400
5,835
110

00
00
00
81
42
25
41 50
5,896 69
4,144 30

$50,155 97
D isbursements .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Temporary expense
Retired share account .
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

$10,076
4,440
2,130
1,929
1,456
885
19,750
975
375
5,896
2,241

00
00
00
65
69
63
00
00
06
69
25

Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.

1900
23
1900
24
1901
25
1901
26
1902
27
1902
28
29
1903
1903
30
1904
31
1904
32
1905
33
1905
34
1906
35
1906
36
1907
37
1907 • 38
1908
39
1908
40
1909
41
42
1909
1910
43
1910
44
1911
45
1911
46

VaIue
Shares
per Share, in Force. Total Value.
$194 64
9
$1,751 76
183 58
6
1,101 48
172 84
4
691 36
162 51
49
7,962 99
152 23
52
7,915 96
142 27
21
2,987 67
132 71
52
6,900 92
123 32
53
6,535 96
114 19
42
4,795 98
105 31
63
6,634 53
96 65
32
3,092 80
88 22
48
4,234 56
80 01
39
3,120 39
72 02
39
2,808 78
64 25
95
6,103 75
56 68
96
5,441 28
49 32
93
4,586 76
42 15
117
4,931 55
35 18
98
3,447 64
28 39
85
2,413 15
21 78
134
2,918 52
15 35
154
2,363 90
9 09
205
1,863 45
124
3 00
372 00

Dues paid in advance .

$50,155 97

54 00
$95,031 14

Dues capital
Profits capital
Unpaid dues

$80,072 00
14,577 14
382 00
$95,031 14

D ate of E x a m in a tio n , September 7.


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

222

REPO RT OF THE

[Pub. Doc.

READING CO-OPERATIVE BANK, READING.
CORNER OP HAVEN AND M AIN STREETS.

Incorporated November 27, 1886.
E dw ard H. P alm er , President.

Began business December 6, 1886.

H a rry P. B osson , Secretary.

E dgar N. H u n t , Treasurer.

Board of Directors: L. M . B ancroft , J. H. C arleto n , John C o n ne lly , A. P. F r ench , H. R . Joh nson ,
Jam es M c K a y , M. E. N ichols , G. A. P a r k e r , M. A. S t one .
Security Committee: L. M . B ancroft , H . R. Johnson , G. A. P a r k e r .
Auditors: A. N. H o w es , Jacob M itchell , E. F. P a r k e r .
Regular meetings for receipt of moneys the Tuesday following the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due

$324,825 00
10,850 00

Loans on shares .
Taxes
Cash

Liabilities.

$313,975
3,415
18
21,355

00
00
68
19

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

$273,929
51,038
5,200
8,337
258

$338,763 87

$338,763 87

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
64
00
73
50

Membership.

.
.
.
.

1,775
1,140
10
126
6,075
1,603

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

161
88
828
246

Profits Distributed.

First term, 2% % ; second term, 2%%

Proportion of profits retained on voluntary withdrawals, 25% for first 5 years; after 5 years, none.

Rates and Averages on Loans, October 31, 1911.

220 real estate loans (average ,$1,427.16 each; average rate, 5.82%): 5%, $63,500; 6%, $225,675; 6.30%,
$1,200; 6 M%. $17,200; 6 %%, $2,900; 6%%, $200; 6 ^ % , $3,300.
26 share loans (average, $131.34 each; average rate, 6.04%): 5%, $80; 6%, $2,470; 6}4%> $865.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

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

Salaries.
$835.00
2.47

[Other Expenses.
$519.77
1.53

Total.
$1,354.77
4.00

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
foreclosure
.
.
.
.
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Mortgages .
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Forfeited share account
Cash on hand Oct. 31, 1910

$71,558 00
1,000
48,545
4,570
21,150
2,350
625
18,349
604
4
276

00
00
00
00
00
95
78
10
25
95
45
5 00
11,183 24

$180,222 72
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
.
Temporary expense
Taxes
.
.
.
.
.
Cash on hand Oct. 31, 1911

$39,402
360
18,887
5,867
67
6,678
64,200
2,545
18,848
625
12
1,354
18
21,355

00
00
00
08
95
60
00
00
00
95
50
77
68
19

$180,222 72

223

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
May
Nov.
May
Nov.
May
Nov.
May
Nov.
Ma y
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1899
1900
1900
1901
1901
1902
19C2
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

$204
193
183
173
163
154
144
135
126
117
109
100
92
84
76
68
60
53
46
39
32
25
18
12
6

Suspense profits
Dues paid in advance .

28
79
61
65
89
36
97
68
60
17
05
53
24
11
18
40
78
35
09
00
09
35
77
35
09

Shares
60
92
79
115
67
62
109
74
115
83
71
95
156
192
279
228
308
216
303
372
430
445
5S4
662
878

$12,256
17,828
14,505
19,969
10,980
9,570
15,801
10,040
14,559
9,769
7,742
9,550
14,389
16,149
21,254
15,595
18,720
11,523
13,965
14,508
13,798
11,280
10,961
8,175
5,347

80
68
19
75
63
32
73
32
00
93
55
35
44
12
22
20
24
60
27
00
70
75
68
70
02

45
356 00
$328,600 64

Dues capital
Profits capital
Unpaid dues

$273,929 00
51,038 64
3,633 00
$328,600 64

D a te of E xam in a tio n , May 15, 16, 17, 18, 19.


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

224

REPORT OF THE

[Pub. Doc.

RELIANCE CO-OPERATIVE BANK, CAMBRIDGE.
13 DUNSTER STREET.

Incorporated July 16, 1889.
H erman B ird , President.

Began business July 16, 1889.

E dw ard W . W h it e , Secretary.

E dw ard W . W h it e , Treasurer.

Board of Directors: M. C. B eedle , F. L. B e u n k e , H erman B ir d , W . P. B r o w n , R obert B utter w o rth , E. W . C lark , A. S. K . C lark , J. F. D o w n e y , W . J. G r e e n e , C. P. K e ith , W . H.
L ern ed , G. M. N a sh , H. F. P e a k , C. H. T hom as , E. W . W h ite .
Security Committee: R obert B utter w o rth , M . C . B e e d le , F. L. B e u n k e , H erm an B ir d , W . H.
L erned .

Auditors: C. A. B u r k e , C h ar les K n ig h t , W. H. Sprag ue .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Permanent expense account
Temporary expense account
Insurance and taxes paid
Mortgage balance
Cash
.
.
.
.

.

$716,525
55,782
8,909
2,492
210
550
190
346
324
483

00
00
17
44
92
91
33
85
73
15

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account
Security committee

.
.
.
.
.
.

$785,815 50

00
62
00
52
70
86
57
23
00

$785,815 50

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$659,002
111,444
8,100
2,465
3,561
106
286
845
3

.
.

4,196
2,257
54
292
. 15,477
. - 4,907

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

473
283
1,794
429

Profits Distributed.

First term, 114%', second term, 1%2%; third term,
1)4%', fourth term, 1]4%.
Proportion of profits retained on voluntary withdrawals, 25% on seiies less than 5 years old; 10% on
series over 5 years old.

Rates and Averages on Loans, October 31, 1911.

307 real estate loans (average, $2,333.95 each; average rate, 5.03%); 5%, $673,250; 5.10%, $1,450; 5.20%,
$7,925; 5.25%, $3,100; 5.40%, $3,300; 5.50%, $11,500; 5.60%, $650: 5.70%, $4,500; 6%, $10,850.
344 share loans (average, $162.15 each; average rate, 5.12%); 5%, $47,420; 5.50%, $3,715; 6%, $4,625;
8% , $ 22.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$2,076.00 $1,053.87
2.64
1.34

Total.
$3,129.87
3.98

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

R eceipts.
Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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 share account
Mortgage balance
Personal accounts
Security committee
Cash on hand Oct. 31, 1910

$174,464 00
1,800 00
9,900
83,300
29,865
288
4,793
37,810
838
1
1,502
914
392
64
60
4,368

00
00
00
37
55
27
19
75
04
23
12
33
00
27
—

$350,362 12
D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Permanent expense
Forfeited share account
Mortgage balance
Personal accounts
Security committee
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$81,229
1,655
42,872
12,127
253
15,541
163,250
27,750
1,197
3,129
271
129
263
133
70
5
483

00
00
00
79
32
92
00
00
15
87
40
77
42
33
00
00
15

225

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Jan. 1900
22 $190 51
206
$39,245 06
91
July 1900
23
180 06
16,385 46
Jan. 1901
24
169 85
267
45,349 95
25
159 92
192
July 1901
30,704 64
Jan. 1902
26
150 23
276
41,463 48
July 1902
27
140 76
213
29,981 88
Jan. 1903
28
131 52
402
52,871 04
July 1903
29
122 51
206
25,237 06
Jan. 1904
113 66
292
30
33,188 72
July 1904
31
105 06
24,794 16
236
Jan. 1905
32
96 67
583
56,358 61
July 1905
33
88 46
278
24,591 88
Oct. 1905
34
84 44
177
14,945 88
Jan. 1906
35
80 46
280
22,528 80
April 1906
36
76 56
15,312 00
200
July 1906
72 68
37
223
16,207 64
Oct. 1906
68 85
10,809 45
38
157
Jan. 1907
39
65 04
474
30,828 96
April 1907
40
61 31
196
12,016 76
July 1907
41
57 60
340
19,584 00
Oct. 1907
42
360
19,418 40
53 94
Jan. 1908
426
43
50 32
21,436 32
April 1908
44
46 75
327
15,287 25
July 1908
45
43 21
15,123 50
350
Oct. 1908
46
39 72
334
13,266 48
Jan. 1909
47
36 26
434
15,736 84
14,791 50
April 1909
48
32 87
450
July 1909
49
29 50
10,266 00
348
50
26 18
12,775 84
Oct. 1909
488
Jan. 1910
22 90
51
787
18,022 30
April 1910
52
19 66
622
12,228 52
53
16 46
601
9,892 46
July 1910
54
Oct. 1910
13 29
858
11,402 82
55
Jan. 1911
10 16 1,012
10,281 92
April 1911
56
7 07 1,036
7,324 52
July 1911
57
4 02
3,521 52
876
58
1 00
879
879 00
Oct. 1911
Dues paid in advance .

1,614 00
$775,674 62

$350,362 12

Dues capital
Profits capital
Unpaid dues

$659,002 00
111,444 62
5,228 00
$775,674 62

D ate of E x a m in a tio n , January 18, 19, 20.


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Federal Reserve Bank of St. Louis

226

REPORT OF THE

[Pub. Doc.

REVERE CO-OPERATIVE BANK, REVERE.
35S BROADWAY.
Incorporated October 1, 1901.
A lbert S. B ur n h a m , President.

Began business October 14, 1901.

A berdeen H. C h ild , Secretary.

A berdeen H. C h ild , Treasurer.

Board of Directors: W . G. B ond , A. H . C h ild , A. F. C ornell , H . J. C or nell , A. B. C urtis , G. A.
D alrymple , T . F. D riscoll , H . W. D u d le y , J. W. G lover , J. S. H odge , II. R. L a w l o r , D . A.
N a so n , E . K . N e w e l l .

Security Committee: A. B. C urtis , G. H. T ilto n , A. S. B urnh am , T . F. D riscoll , H . R. L a w l o r .
Auditors: M. D. F e n n o , E rnest C opeland , J. B. Sh urtleff , Jr.
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash
.
.
.
.

$79,080
2,195
161
25
223
3,757

00
00
34
52
23
59

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.

.

.

00
64
79
25

$85,442 68

$85,442 68

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$71,669
11,553
207
2,012

.

429
377
1,677
663

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

72
47
257
67

Profits Distributed.

First term, 2Ji%; second term, 2lA % .
Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 15% on
series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

54 real estate loans (average, $1,464.44 each; average rate, 5.74%); 5%, $15,980; 5bC%, $4,400; 5M%>
$16,400; 5%%, $12,250; 6%, $19,900; 6M%, $4,100; 6 ^ % , $2,200; 7H%, $3,850.
37 share loans (aveiage, $59.32 each; average late, 6.04%); 5 }£%, $50; 5J^%, $50; 5%%. $400; 6%,
$1,150; 6 K%. $400; 6 ^ % , $45; 7H%, $100.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$240.00
2.80

Other Expenses.
$225.95
2.63

Total.
$465.95
5.43

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Cash on hand Oct. 31, 1910

$20,345
13,450
1,575
4,445
158
1
152
1,959

00
00
00
21
83
75
27
81

$42,087 87
D isb u r s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$8,843
758
26,400
1,645
465
218
3,757

00
08
00
00
95
25
59

$42,087 87

227

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value
1 $155 51
Oct. 1901
109
$16,950 59
May 1902
2 144 49
16
2,311 84
Nov. 1902
135 21
22
2,974 62
3
4
126 16
3.027 84
May 1903
. 24
1,524 51
Nov. 1903
5
117 27
13
6 108 48
11
1,193 28
May 1904
100 14
89
8,912 46
Nov. 1904
7
8 91 83
55
May 1905
5,050 65
9
83 71
32
2,678 72
Nov. 1905
62
May 1906
10 75 76
4,697 12
11 68 02
56
3,809 12
Nov. 1906
May 1907
12 60 45
48
2,901 60
Nov. 1907
13
53 09
80
4,247 20
14
45 86
77
3,531 22
May 1908
Nov. 1908
15
38 82
127
4,930 14
16
31 94
132
4,216 08
May 1909
25 23
179
Nov. 1909
17
4,516 17
18
18 69
138
May 1910
2,579 22
12 31
Nov. 1910
19
190
2,338 90
217
1,319 36
May 1911
20
6 08
Dues paid in. advance .

61

00

$83,771 64

Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$71,669 00
11,553 64
549 00
$83,771 64

D a t e of E x a m in a t io n , February 25, 27.


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

228

REPO RT OF THE

[Pub. Doc.

ROCKLAND CO-OPERATIVE BANK, ROCKLAND.
UNION STREET.

Incorporated February 21, 1911.
G e o r g e W. K e l l e y , President.

Began business March 9, 1911.

C h a r l e s J. H ig g in s , Secretary.

G e o r g e W. A t w o o d , Treasurer.

Board of Directors: F. S. A l g e r , J. H. B u r k e , S. W. B a k e r , J. D . C a r n e y , E . S. D a m o n , J. O. D on o ­
v a n , A. W. D o n o v a n , J. F. G a r d n e r , H. S. H e a l e y , C h a r l e s H u t c h in s , E d w in M u l r e a d y ,
D . M . O ’ B r ie n , A . Sh a n a h a n , J. W . S p e n c e , C . E . V i n a l .
Security Committee: C. A. T o w n s e n d , D. M. O ’ B r ie n , S. W. B a k e r .
Auditors: M. W. M u r r il l , J. F. S p e n c e , W. F. D a v i s .
Regular meetings foi receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate .
.
.
Unpaid fines
.
.
.
Permanent expense account
.
Temporary expense account
.
C a s h .......................................

$12,900 00
6 72
272 29
28 84
2,429 72

Dues capital
.
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
.
Surplus
.
.
.
.
.
Interest
.
.
.
.
.
Withdrawal profits
.
.
.

.

$15,637 87

.
.
.

00
73
25
26
00
33

$15,637 57

Shares.

Issued during year
.
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$15,327
176
2
22
109

Membership.

.

.
.
.

.

.
.
.
.

2,341
46
2,295
78

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

355
7
348

11

Profits Distributed.

First term, 2J4%; second term, 3%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

11 real estate loans (axerage, $1,172.72 each; average rate, 6%): 6%,[$12,900.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$66.36
4.24

Total.
$66.36
4.24

No. 8.]

BANK COMMISSIONER,

229

Receipts and Disbursements, Year ending
,
October 31, 1911.

Reconciliation of Share Account with Dues
and Profits Capital.

R eceipts .

e
Shares
Date of Issue. Series. peVralu
Share, in Force. Total Value.

Dues capital
Interest
.
.
.
Fines
.
.
.
Transfer fees
Withdrawal profits
Temporary expense

.
.

$15,503 00
305 95
36 43
25
38
10 00
$15,856 01

Mar.
June
Sept.

1911
1911
1911

1
2
3

$8 09
5 03
2 00

Suspense profits .
.
Dues paid in advance .

.

1,909
119
267
.

$15,443 81
598 57
534 00
1 35
29 00
$16,606 73

D isbursements .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$176
1
12,900
76
272
2,429

00
64
00
36
29
72

$15,856 01

D a te op E xam in a tio n , November 10.


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

Dues capital
Profits capital
Unpaid dues

$15,327 00
176 73
1,103 00
$16,606 73

[Pub. Doc.

REPORT OF THE

230

ROGER CONANT CO-OPERATIVE BANK, SALEM.
39 CHURCH STREET.

Incorporated November 9, 1894.
V incent S. P etebso n , President.

Began business November 13, 1894.

C arl F. A . M obse , Secretary.

C arl F. A . M orse , Treasurer.

Board of Directors: G. L. A lle n , 11. B. B u ckh am , J. N. C l ar k , G. W . C r ee sy , W. S. F elton . J. H.
G ifford , E. W . L on gley , E. L. M illett , C. F. A. M orse , V . S. P eterson , R. A . St a n l e y ,
B. R. Symonds , P. F. T ie r n e y , G. A. W il k in s , E. F. W oodman .
Security Committee: V. S. P eterson , P. F. T ie r n e y , R. B. B u ckh am , G. W. C r ee sy , G. A. W il k in s .
Auditor: E. L. M ille tt .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due

8223,150 00
3,500 00

Loans on shares .
Unpaid interest .
Cash

Liabilities.

$219,650
2,240
1,270
2,108

00
00
16
50

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

$180,036
33,036
1,650
10,190
355

$225,268 66

$225,268 66

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31,tt911 .
Pledged Oct. 31,|1911 .

00
26
00
48
92

Membership.

.

.
.

1,065
721
44
52
3,822
1,244

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

126
91
567
157

Profits Distributed.

First term, 2% % ; second term, 2% % .

Proportion of profits retained on voluntary withdrawals, 25% for first 5 years, 10% from 5 to 10 years;
after 10 years, none.

Rates and Averages on Loans, October 31, 1911.

142 real estate loans’ (average, $1,546.83 each; average rate, 6%): 6%, $215,450; 6%o%, $4,200.
15 share loans (aveiage,|$149.33 each; aveiage rate, 6%): 6%, $2,240.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$755.02
3.35

Other Expenses.
Total.
$782.09
$1,537.11
3.47
6.82

231

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Value
Date of Issue. Series.

R eceipts.
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans

Withdrawal profits
Forfeited profits .
.
Forfeited share account

.

Reconciliation of Share Account with Dues
and Profits Capital.

.

$45,322
59,676
7,253
27,293
12,712
16
170
2
399
11
339
4,103

00
85
00
62
05
45
30
75
64
18
92
66

$157,301 42
D isbursem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Share loans
.
.
.
.
Uncompleted mortgage loans
Interest
.
.
.
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$27,398
313
7,601
4,605
45
2,830
82,200
1,390
27,193
72
1,537
6
2,108

00
00
00
81
38
06
00
00
62
94
11
00
50

$157,301 42

Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
19C0
1900
1901
1901
1902
1902
19C3
1903
1904
19C4
1905
1905
1906
1906
1907
1907
1908
1908
19C9
1909
1910
1910
1911

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

$198
187
176
166
156
146
136
127
118
109
100
92
84
76
68
60
53
46
38
32
25
18
12
6

Dues paid m advance

Dues capital
Profits capital
Unpaid dues

31
29
56
18
08
27
71
36
28
44
78
36
15
15
33
71
28
02
95
05
32
75
34
09

Shares Total Value.
48
51
48
8
84
19
57
42
90
84
160
181
227
145
136
202
250
76
217
257
215
294
356
575

$9,518
9,551
8,474
1,329
13,110
2,779
7,792
5,349
10,645
9,192
16,124
16,717
19,102
11,041
9,292
12,263
13,320
3,497
8,452
8,236
5,443
5,512
4,393
3,501

88
79
88
44
72
13
47
12
20
96
80
16
05
75
88
42
00
52
15
Sb
80
50
04
75

216 00

$180,036 00
33,036 26
1,788 00
$214,860 26

D a te op E xam in a tio n , January 26, 27.


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

232

REPORT OF THE

[Pub. Doc.

ROSLINDALE CO-OPERATIVE BANK, BOSTON.
806 SOUTH STREET, ROSLINDALE.

Incorporated March 7, 1898.
G eorge W . P. B a b b , President.

Began business April 20, 1898.

E dw in A. B a b b , Secretary.

E d w in A. B a b b , Treasurer.

Board of Directors: E. A. B a b b , G. W. P. B a b b , H. H . C ole , J. H. E a to n , H . F. H un ter , F. P. K napp ,
F. D . R a n d , H . A. Schmidt , A. K . S paulding , Seriah St ev e n s , G. B . Steb bin s , F. R. W oodman !
Security Committee: G. W. P. B a b b , F. R. W oodman , H. H. C ole.
Auditors: S umner O sgood, W . P. H a m b le n .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Temporary expense account
Cash
.
.
.
.

Liabilities.

$99,400
5,100
6
4
77
132
39

00
00
48
56
08
07
46

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrr wal profits
Forfeited share account
Matured share account

.
.
.
.
.
.

$104,759 65

00
50
36
51
06
66
26
00
30

$104,759 65

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$86,893
13,693
1,076
2,237
431
10
12
2
403

Membership.

.

635
401
53
2,229
674

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

79
45
356
74

Profits Distributed.

First term, V/i%\ second term, 2X
A%

Proportion o f profits retained on voluntary withdrawals, 20%.

Rates and Averages on Loans, October 31, 1911.

59 real estate loans (average, $1,684.75 each; average rate, 5.03%): 5%, $93,900; 5J^%, $5,500.
18 share loans (average, $283.33 each; average rate, 5%); 5%, $5,100.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$250.00
2.39

Other Expenses.
$278.26
2.65

Total.
$528.26
5.04

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Matured share account
Cash on hand Oct. 31, 1910

$24,969 00
8,100 00

3,750 00
4,988 56
166 91
50
153 53
17,808 87
934 90
$60,872 27

D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Temporary expense
Permanent expense
Matured share account
Cash on hand Oct. 31, 1911

$9,105 00
8,002 00

766
2,662
20,300
2,050
528
13
17,405
39

05
75
00
00
26
18
57
46

$60,872 27

233

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pJ ^ eare.
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1899
4
1900
5
1900
6
1901
7
1901
8
1902
9
1902
10
1903
11
1903
12
1904
13
1904
14
1905
15
1905
16
1906
17
1906
18
1907
19
1907
20
1908
21
1908
22
1909
23
1909
24
1910
25
1910 s 26
1911 '2 7
1911
28

$191
181
171
162
152
143
134
125
116
108
99
91
83
76
68
61
53
46
39
32
26
19
13
7
1

Dues paid in advance

50
50
71
07
67
44
40
49
81
29
97
84
89
10
49
06
78
65
68
87
20
68
31
08
00

Total Value.
12
38
4
55
30
53
18
26
21
56
30
19
71
39
80
43
78
79
144
163
211
237
273
267
182

$2,298
6,897
686
8,913
4,580
7,602
2,419
3,262
2,453
6,064
2,999
1,744
5,956
2,967
5,479
2,625
4,194
3,685
5,713
5,357
5,528
4,664
3,633
1,890
182

00
00
84
85
10
32
20
74
01
24
10
96
19
90
20
58
84
35
92
81
20
16
63
36
00

132 00
$101,932 50

Dues capital
Profits capital
Unpaid dues

$86,893 00
13,693 50
1,346 00
$101,932 50

D ate op E xam in a tio n , March 2, 3.


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

234

REPORT OF THE

[Pub. Doc*

ROXBURY CO-OPERATIVE BANK, BOSTON.
1117 COLUMBUS AVENUE (ROXBURY DISTRICT).

Incorporated October 3, 1889.
W illiam S. C olb , President.

Began business November 1, 1889.

F rederick W . K lemm , Secretary.

Joseph E ng el , Treasurer.

Board of Directors: F. C. B leiler , G. E . C ole , W . S. C ole , M. J. C ollins , Joseph E ng el , G eorge
F in n e r a n , T . F. H u n t , F. W . K lemm , A. M. L eonar d , C harles L iffler , J. S. M a h o n t ,
J. F. M u n gov a n , F. W . R ugg , F ran k T uc ker , R. A. W a tson .
Security Committee: R. A. W a tson , F. C. B leiler , Joseph E ng el , G eorge F in n e r a n .
Auditors: H. I. B rett , G. F. A lden , F. E. M oses .
Regular meetings for receipt of moneys the first business day of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash

Liabilities.

.

$435,360
13,369
1,014
70
1,099

00
00
73
42
23

$374,643
63,665
6,700
5,848
56

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Forfeited share account

$450,913 38

$450,913 33

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
64
00
74
00

Membership.

.
.
.
.

2,620
1,624
48
121
8,989
2,974

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

.

243
167
865
215

Profits Distributed.

First term, 2J^%; second term, 2}4%.

Proportion of profits retained on voluntary withdrawals, 20% on series less than 5 years old; 10% on
series fiom 5 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

164 real estate loans (average, $2,654.63 each; average rate, 5%): 5%, $435,360.
51 share loans (average, $262.13 each; average late, 5.77%); 5%, $3,000; 6%, $10,369.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,400.00
3.10

Other Expenses.
$288.89
.64

Total.
$1,688.89
3.74

235

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Transfer fees
Withdrawal profits
Temporary expense
Forfeited share account
Matured share account

Value
Date of Issue. Series.
$105,786 00
5,000 00
6,644
94,825
17,342
5,305
22,726
490
4
487
21
256
1,627
16,631
2,560

90
10
00
72
07
84
75
81
07
50
43
52
20

$279,709 91
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Temporary expense
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1911

$65,782
1,458
17,730
12,178
205
6,352
133,830
15,100
5,305
369
1,945
1,722
16,631
1,099

00
00
00
44
42
23
00
00
72
53
39
43
52
23

$279,709 91

D a t e of E x a m in a t io n , April 10, 11, 12.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44

$196
185
175
165
155
145
135
126
117
108
100
91
83
75
68
60
53
45
3S
31
25
18
12
6

Dues paid m advance .

44
73
28
08
14
42
99
74
74
93
36
99
82
85
07
48
08
86
81
94
23
69
31
08

Shares Total Value.
127
117
84
77
86
82
141
130
127
180
202
198
305
210
250
434
555
468
562
497
810
1,010
954
1,383

$24,947
21,730
14,723
12,711
13,342
11,924
19,174
16,476
14,952
19,607
20,272
18,214
25,565
15,928
17,017
26,248
29,459
21,462
21,811
15,874
20,436
18,876
11,743
8,408

88
41
52
16
04
44
59
20
98
40
72
02
10
50
50
32
40
48
22
18
30
90
74
64

586 00
$441,495 64

Dues capital
Profits capital
Unpaid dues

$374,643 00
63,665 64
3,187 00
$441,495 64

236

REPORT OF THE

[Pub. Doc.

SALEM CO-OPERATIVE BANK, SALEM.
83 W ASHINGTON STREET.
)

Incorporated April 7, 1888.

Began business April 13, 1888.

G eorge W. P ic ker ing , President.
A lbert C. M a ck in t ir e , Treasurer.
A lbert C. M a c k in t ir e , Secretary.

Board of Directors: G. A. B od w ell , R obin D am on , W. D . D e n n is , J. C. E n t w is le , R. E. H il l ,
E. P. L a n e , G. W. P it m a n , H. E. R eyn old s , S. H. W il k in s .
Security Committee: G. W . P ic ker ing , S. H. W il k in s , W . D . D e n n is .
Auditors: W. F. P e rry , A. W. T o w n e , E. A. D resser .
Regular meetings for receipt of moneys the second Friday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Personal accounts
Cash
.
.
.
.

Liabilities.

.

$789,943
18,778
2,688
1
346
405
21
22,224

00
00
04
65
84
82
00
77

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Premiums .
Fines
Transfer fees
Withdrawal profits
Forfeited share account
Profit and loss

.

150
1
156
1,103
176

$834,409 12

00
75
23
21
04
25
60
00
91
41
72

$834,409 12

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$684,994
114,287
8,136
21,417
3,985

Membership.

.
.

5,056
3,479
33
96
. 17,582
. 4,606

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

557
328
2,516
601

Profits Distributed.

First term, 2%%\ second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 25% on series not over 4 years old; after 4
years, none.

Rates and Averages on Loans, October 31, 1911.

577 real estate loans (average, $1,369.05 each; average rate, 5.78%); 5%, $66,550; 5J^%, $83,350; 5K%>
$90,700; 6%, $546,543; 6.30%, $2,800.
150 share loans (average, $125.19 each; average rate, 5.94%); 5%, $250; 5 }4%, $675; 5 X
A %, $535; 6%,
$17,318.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,849.04
.......................................
2.22

Other Expenses.
$2,408.23
2.88

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Temporary expense
Forfeited share account
Profit and loss
Cash on hand Oct. 31, 1910

$197,377 00
2,350 00
200
147,195
16,779
5,679
43,907
5
1,397
9
626
5
1,788
176
12,568

00
00
00
10
46
35
14
50
52
67
22
72
25

$430,064 93
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Personal accounts
Cash on hand Oct. 31, 1911

$104,295
2,120
14,080
13,331
482
5,162
238,600
21,864
2,766
166
4,262
686
21
22,224

CO
00
00
87
90
58
00
00
82
08
94
97
00
77

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

Total Value.
$199
188
177
167
157
147
138
128
119
110
102
93
85
77
69
61
54
47
39
33
26
19
13
7
1

09
24
67
38
35
54
01
68
59
71
05
62
38
34
49
85
39
10
99
07
32
74
33
08
00

64
175
97
144
146
324
194
265
254
299
368
393
458
659
713
827
769
709
994
1,117
1,294
1,619
1,521
2,254
1,925

Dues paid in advance .

$12,741
32,942
17,233
24,102
22,973
47,802
26,773
34,100
30,375
33,102
37,554
36,792
39,104
50,967
49,546
51,149
41,825
33,393
39,750
36,939
34,058
31,959
20,274
15,958
1,925

76
00
99
72
10
96
94
20
86
29
40
66
04
06
37
95
91
90
06
19
08
06
93
32
00

864 00
$804,211 75

Dues capital
Profits capital
Unpaidfdues

$430,064 93

D ate op E xam in a tio n , May 31, June 1, 2, 3, 5, 6, 7.


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

237

.
.
.

.
.
.

.
.
.

.
.
.

$684,994 00
114,287 75
4,930 00
$804,211 75

[Pub. Doc.

REPORT OF THE

238

SANDWICH CO-OPERATIVE BANK, SANDWICH.
JARVIS STREET.
Incorporated October 1, 1885.
E dward B. H ow la n d , President.

Began business December 15, 1885.

F letcher C la r k , Secretary.

F letcher C l ar k , Treasurer.

Board of Directors: F. H . B urgess , E . S. C l ar k , F letcher C l ar k , C. G. E llis , E . W . H a in e s , J. R.
H o l w a y , E . B. H o w la n d , E . S. S. K e ith , T . F. K elle h e r , E . F. L a w r e n c e , C. H . M ooers ,
E . S. T a lb o t .
Security Committee: J. R. H o l w a y , C. G. E llis , E . W . H a in e s .
Auditors: E . L. C h a s e , W. H . H e a ld , C. M. T hompson .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Less amount due

$196,550 00
1,512 50
— —
Loans on shares .
.
.
.
Common form mortgages
.
.
Real estate by foreclosure, etc.
.
Unpaid interest .
.
.
.
Unpaid fines
.
.
.
.
C a s h .......................................

$195,037 50
4,700 00
3,630 00
861 16
1,646 58
169 16
8,354 89

$173,550
34,116
717
5,740
274

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

$214,399 29

$214,399 29

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911 .

00
05
93
94
37

Membership.

.

.
.

1.213
542
14
100
4,093
1,113

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

130
77
625
204

Profits Distributed.

First term, 3%; second term, 3%.
Proportion»of profits retained on voluntary withdrawals, 10%.

Rates and Averages on Loans, October 31, 1911.

193 real estate loans (average, $1,010.55 each; average rate, 6.74%): 5%, $19,250; 5 J4%, $3,000; 5 Vi%,
$4,250; 5 W o , $8,900; 6%, $26,750; 6M%, $8,850; 6)4%, $24,700; 6 W o , $12,200; 7%, $11,050;
7 K % , $23,150; 7 W o , $15,500; 7 W o , $9,500; 8%, $11,587.50; 8)4%, $5,950; 8 W o , $1,050; 8 W o ,
$3,950; 9%, $400; 9 W o , $4,000; 9 W o , $1,000.
14 share loans (average, $335.71 each; average rate, 6.39%): 5%, $1,200; 5)4%. $250; 6%, $350; 6)4%,
$400; 6 W o , $800; 7%, $500; 7 W o , $50; 7 W o , $650; 7 W o , $200; 8%, $300.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$536.00
2.50

Other Expenses.
$378.47
1.76

Total.
$914.47
4.26

239

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
Real estate loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Temporary expense
Forfeited share account
Taxes
.
.
.
.
Cash on hand Oct. 31, 1910

$48,634 00
900
17,625
550
7,353
20
95
12,865
618
1
208

00
00
00
58
00
00
57
34
00
22
60
128 55
10 80
12,274 20

$101,284 86
D isbtjbsements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

$14,757
123
14,301
2,075
11
6,167
45,400
650
8,141
12
266
915
109
8,354

00
00
00
56
09
05
00
00
08
35
80
07
97
89

$101,284 86

D ate op E xam in a tio n , September 13, 14, 15.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per Share. in Force. Total Value.
$10,053 12
51
30 $197 12
May 1900
21
3,899 49
185 69
31
Nov. 1900
4,014 S8
23
174 56
32
May 1901
32
5,237 44
67
163
1901
33
Nov.
1,071 63
7
153 09
34
May 1902
123
17,557 02
142 74
35
Nov. 1902
14,857 92
132 66
112
36
May 1903
9,093 12
74
122 88
37
Nov. 1903
3,741 54
33
113 38
38
May 1904
5,208 00
50
39
104 16
Nov. 1904
4,379 66
46
95 21
40
May 1905
21,889
56
253
52
41
86
1905
Nov.
194
15,147 52
42
78 08
May 1906
21,106
78
302
69
89
43
Nov. 1906
141
8,733 54
61 94
44
May 1907
12,958 58
239
54 22
45
Nov. 1907
9,063 68
194
46 72
46
May 1908
10,846 00
275
47
39 44
Nov. 1908
7,380 36
228
32 37
48
May 1909
5,204 04
204
51
1909
49
25
Nov.
349
6,578 65
18 85
50
May 1910
22
8,282
669
12
38
51
Nov. 1910
2,885 30
473
52
6 10
May 1911
396 00

Dues paid in advance .

$209,586 05

Dues capital
Profits capital
Unpaid dues

.

$173,550 00
34,116 05
1,920 00
$209,586 05

REPORT OF THE

240

[Pub. Doc.

SAUGUS CO-OPERATIVE BANK, SAUGUS.
T OW N HALL, CENTRAL STREET.

Incorporated March 31, 1911.
F r an k P. B e n n e t t , Jr., President.

Began business May 10, 1911.

J oseph G. B r y e e , Secretary.

J. A rthur R ad d in , Treasurer.

Board of Directors: J. B. A l le n , H. T. C l au s , E. W. H om an , J. A. M a y o , H. J. M il ls , J. H. P a r k e r ,
H. A. P a r k e r , L. E. P arson s , T. P. P arsons , C. H. Stocker , J. A. S truth ers , W. P. T il d e n ,
J ohn W a l k e y .

Security Committee: J. H. P a r k e r , H. J. M ills , J. A. M a y o , H. A. P a r k e r , L. E. P arsons .
Auditors: Thomas P. Parsons, Frank E. Hulen, E. G. Meeker.
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Permanent expense account
Cash
.
.
.
.

$3,400 00
77 63
425 13

Dues capital
Profits capital
Guaranty fund
Surplus
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

00
27
32
17

$3,902 76

$3,902 76

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$3,841
58
2
1

696
30
666
27

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

115
5
110
3

Profits Distributed.

One term, 2J|%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

3

real estate loans (average, $1,333.33 each; average rate, 5}^% ): 5 Yi%y $3,400.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$14.37
3.65

Total.
$14.37
3.65

No. 8.]

BANK COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Interest
.
Fines
.

$3,896 00
71 61
4 52

.
.

.

.

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. perValue
Share, in Force. Total Value.
May 1911
1
$4,054 27
$4,054 27

$3,972 13
D is b u r s e m e n t s .

Dues capital withdrawn
.
Real estate loans
.
.
Temporary expense .
.
.
Permanent expense .
.
.
Cash on hand Oct. 31, 1911

.
.

$55 00
3,400 00
5 75
86 25
425 13

.

$3,972 13

D ate

o f

E x a m in a t io n ,


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

November

8, 9.

241

Dues capital
Profits capital
Unpaid dues

$3,841 00
58 27
155 00
$4,054 27

[Pub. Doc.

REPORT OF THE

242

SECURITY CO-OPERATIVE BANK, BROCKTON.
87 M AIN STREET.

Incorporated December 17, 1877.
B badford E . Jo n es,

President.

Board of Directors: G. D.

G rant

A nthony,
J. W . H a l l , S. M . H a y w a r d ,
F . H . P ackar d, A . P. P oole,
E. T. V i n a l , H . E. W i l l i a m s ,

D.

Began business December 20, 1877.

A nthony,

Secretary.

D.

G rant

A n t h o n y ”,

Treasurer.

C . R. B a r r e t t , O. B . B r a y , J. T. C o r c o r a n , S a m u e l G o o d w i n ,
B . E. J o n e s , E m b e r t H o w a r d , K e n n e t h M c L e o d , J . B . N y e ,
H . A . P o o l e , E . F . P o p e , G . A . T h a t c h e r , E. M . T h o m p s o n ,
B . B . W in s l o w .
•

Security Committee:
Auditors: E. W.

H . A . P oole,

W alker,

W. H.

J. W.

H a l l , S. M . H a y w a r d .

E m erson,

W. G.

A llen.

Regular meetings for receipt of moneys the third Thursday of each month.

r OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate $1,328,662 00
Less amount due
9,475 00
Loans on shares .
Real estate by foreclosure, etc.
Permanent expense account
Temporary expense account
Cash
.
.
.
.

$1,319,187
109,338
2,932
365
1,242
10,397

00
00
24
00
20
16

Dues capital
.
Profits capital
.
Guaranty fund .
Surplus
.
.
Interest
.
.
Premiums .
.
Fines
.
.
Transfer fees
.
Withdrawal profits
Forfeiture profits
Undivided earnings

.
.
.
.
.
.

.
.

.

.
.
.
.
.

.

.

.
.
.
.
.
.
.
.

00
87
00
00
02
70
58
50
06
33
54

$1,443,461 60

$1,443,461 60

Membership.

Shares.

.
.

5,543
2,977
7
175
51
. 22,811
. 8,975

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

$1,164,434
224,084
15,400
3,600
27,121
40
342
4
1,002
1
7,430

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

526
312
2,393
811

Profits Distributed.

First term, 2 ^ % ; second term, 2M%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on
series from 5 to 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

642 real estate loans (average, $2,054.81 each; average rate, 5.53%): 5J^%, $1,260,887; 6%, $42,600;
6.60%, $15,700.
440 share loans (average, $248.50 each; average rate, 5.50%): 5 Yffo, $109,338.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,840.68
1.97

Other Expenses.
$843.11
.58

Total.
$3,683.79
2.55

243

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
Premiums .
Fines
.
Transfer fees
.
.
.
.
Withdrawal profits
Forfeited profits .
.
.
.
Cash on hand Oct. 31, 1910

$269,616 00
8,700
183,800
36,375
9,475
3,876
74,207
161
2,402
11
2,428
1
23,595

00
00
00
00
00
26
20
12
25
76
33
18

$614,649 10
D is b t j b s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$97,296
70
24,905
7,344
12,865
5
9,362
3,008
394,300
44,840
5,540
172
543
3,683
315
10,397

00
00
00
00
34
25
50
85
00
00
00
89
32
79
00
16

$614,649 10

D a te of E x a m in a t io n , June 6, 7, 8, 9.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
Dec. 1899
30 $196 50
185 36
31
June 1900
32
174 55
Deo. 1900
164 03
33
June 1901
34
153 85
Dec. 1901
143 96
35
June 1902
134 35
36
Dec. 1902
124 98
June 1903
37
115 89
38
Dec. 1903
39
107 03
June 1904
40
98 39
Dec. 1904
90 00
41
June 1905
42
81 83
Dec. 1905
73 87
43
June 1906
66 13
Dec. 1906 44
58 58
45
June 1907
51 23
46
Dec. 1907
44 08
47
June 1908
48
37 13
Dec. 1908
49
30 35
June 1909
23 75
50
Dec. 1909
51
17 33
June 1910
52
11 08
Dec. 1910
5 00
53
June 1911
Dues paid in advance

Shares
in Force.
142
311
643
494
613
811
817
286
671
401
559
514
926
615
1,014
961
1,161
821
1,288
1,147
1,773
1,907
2,386
2,550

Total Value.
$27,903
57,646
112,235
81,030
94,310
116,751
109,763
35,744
77,762
42,919
55,000
46,260
75,774
45,430
67,055
56,295
59,478
36,189
47,823
34,811
42,108
33,048
26,436
12,750

00
96
65
82
05
56
95
28
19
03
01
00
58
05
82
38
03
68
44
45
75
31
88
00

1,782 00
$1,396,311 87

Dues capital
Profits capital
Unpaid dues

$1,164,434 00
224,084 87
7,793 00
$1,396,311 87

[Pub. Doc.

REPORT OF THE

244

SHIRLEY CO-OPERATIVE BANK, SHIRLEY.
Incorporated December 27, 1907.
D.

C h ester

P arso n s,

Began business January 1, 1908.

President.

C harles
W il l ia m

H . W il b u r ,

Secretary.

W.

M arsh all,

Treasurer.

Board of Directors: W. H . A t w o o d , A. A. B b o n s d o n , F. S . B t j l k e l e y , W. H . C r a m , W. FI. D a v i s ,
H . B . H i l d r e t h , E. N. L i v e r m o r e , H . H . L y n c h , H . O . P e a s l e y , W. W. P r e s t o n , F. P . R u g g ,
J. T. S m i t h , J. M. S t e v e n s o n .
Security Committee: W.
Auditors:

H . C ram ,

A . A . B ronsdon,

J. T.

W.

H . W il b u r ,

E. N.

L iv e r m o r e .

S m it h , H . O . P e a s l e y .

Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Permanent expense account
Cash

$8,800
380
42
3,366

00
00
00
80

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
Interest
.
.
.
Fines
Withdrawal profits
Suspense account

$11,884
473
10
25
169
8
16

.
.

$12,588 80

$12,588 80

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911

00
88
00
48
61
12
87
84

402
202
686
67

Added during year
.
Withdrawn during year
Members Oct. 31 1911 .
Borrowers Oct. 31, 1911

.

.

.

.

.

.

85
50
187
21

Profits Distributed.

First term, 2% % ; second term, 2}4,%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% 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.
Rates and Averages on Loans, October 31, 1911.

11 real estate loans (average, $800 each; average rate, 5.45%): 5%, $4,800; 6%, $4,000.
10 share loans (average, $38 each; average rate, 6%); 6%, $380.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$14.00
1.11

Other Expenses.
$35.91
2.85

Total.
$49.91
3.96

No. 8.]

BAN K COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Personal accounts
Cash on hand Oct. 31, 1910

$7,570
1,500
885
476
28
31

00
00
00
35
04
93
84
139 41

$10,631 57

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Date of Issue. Series. Value
per Share. in Force. Total Value.
Jan. 1908
1
$49 10
57
$2,798 70
July 1908
2
42 45
24
1,018 80
Jan. 1909
3
35 81
58
2,076 98
July 1909
4
29 19
41
1,196 79
Jan. 1910
5
22 68
61
1,383 48
July 1910
6
16 31
87
1,418 97
Jan. 1911
7
10 08
202
2,036 16
July 1911
8
4 00
156
624 00
Dues paid in advance .

$3,237
127
3,000
850
49
3,366

00
86
00
00
91
80

Dues capital
Profits capital
Unpaid dues

$10,631 57

D ate

of E x a m i n a t i o n ,


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

.

.

106 00
$12,659 88

D is b u r s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
Temporary expense
Cash on hand Oct. 31, 1911

245

December 1, 2, 4, 5, 6, 7, 8.

$11,884 00
473 88
302 00
$12,659 88

[Pub. Doc.

REPORT OF THE

246

SOMERVILLE CO-OPERATIVE BANK, SOMERVILLE.
59 UNION SQUARE.

Incorporated May 4, 1880.
J.

F b a n k W e l l in g t o n ,

President.

D a n ie l

Began business June 7, 1880.

S. F a e n u m ,

Secretary.

D a n ie l

S. F a e n u m ,

Treasurer.

Board of Directors: F . C . A y e e , A. W . B l a k e , C . C . C e o w e l l , D. S . F a b n u m , A. B . H o w e , W . S .
H o w e , M. G. K e n n y , G. A. K i m b a l l , T. H . L o c k e , L . A. P e n n e y , J. S. P i k e , N. H . R e e d ,
S. T. R i c h a e d s , C . A. S l a g e b , G. W . S n o w , I. B . W a l k e e , B . T. W i l l i s t o n , J. F . W e l l i n g t o n .
Security Committee: I. B.
Auditor:

W il l ia m

C. A.

W alkee,

Slageb,

L. A.

P enney.

F e a n k l in H a l l .

Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Bonds and notes
Loans on real estate
Loans on shares .
Common form mortgages
Permanent expense account
Temporary expense account
Insurance and taxes paid
Suspense account
Cash
.
.
.
.

$15,000
1,004,300
39,050
7,800
272
206
184
4
21,128

.

00
00
00
00
21
56
11
75
12

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Forfeited share account
Insurance

.

$895,336
161,223
14,500
11,232
4,823
168
1
128
512
19

00
57
00
61
16
71
00
75
95
00

$1,087,845 75

$1,087,945 75

Shares.

Membership.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

4,495
2,637
5
442
. 19,441
. 6,720

Added during year
Withdrawn during year
Members Oct. 31, 1911.
Borrowers Oct. 31, 1911

466
314
2,233
618

Profits Distributed.

First term, 2J^%; second term, 2}^/0.
Proportion of piofits 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.

Rates and Averages on Loans, October 31, 1911.

483 real estate'loans (average, $2,079.29 each; average rate, 5%): 5%, $1,004,300.
135 share loans (average, $289.25 each; average rate, 5%): 5%, $39,050.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

.

.

.

.

.

.

.

.

.

Salaries.
$2,324.00
2.14

Other Expenses
$1,516.43
1.39

Total.
$3,840.43
3.53

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.

Withdrawal profits
Forfeited profits .
Forfeited share account
Gash o n hand Oct. 31, 1910

$222,529

00

10,450 0 0
176,700 0 0
26,010 0 0
42,933 2 1
51,632 63
1,675 8 0
9 00
958 40
2 47
172 81
15,735 0 1
$548,808 33

D is b t j b s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Share loans
Interest
.
.
.
.
Temporary expense
Permanent expense
Forfeited share account
Suspense account
Cash on hand Oct. 31, 1911

$96,125 0 0
8 00
65,825 0 0
13,541 44
33
22,730 07
281,700 0 0
24,470 0 0
15,000 0 0
1,458 60
3,540 65
299 78
1,591 37
184 11
5 86
1 ,2 0 0 0 0
12

21,128

$548,808 33

D a t e of E x a m in a t io n , May 29, 31, June 1, 2.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value

R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Bonds and notes

247

Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

40 $196 56
185 99
41
42
175 64
165 53
43
44
155 67
146 05
45
136 67
46
47
127 51
48
118 58
49
109 86
50
1 0 1 37
51
93 04
84 91
52
76 97
53
54
69 2 0
55
61 59
54 18
56
46 94
57
39 88
58
32 99
59
26 27
60
19 72
61
62
13 33
63
7 09
64
1 00

Dues paid in advance .

Shares

Total Value.

192
294
223
337
283
305
339
584
419
321
479
568
505
532
500

$37,739
54,681
39,167
55,783
44,054
44,545
46,331
74,465
49,685
35,265
48,556
52,846
42,879
40,948
34,600
62,329
61,711
52,150
39,122
42,161
30,998
32,399
20,514
16,136
1,401

1 ,0 1 2

1,139
1 ,1 1 1

981
1,278
1,180
1,643
1,539
2,276
1,401

871

52
06
72
61

61
25
13
84
02

06
23
72
55
04
00
08
02

34
28
22

60
96
87
84
00
00

$1,061,345 57

Dues capital
Profits capital
Unpaid dues

$895,336 00
161,223 57
4,786 0 0
$1,061,345 57

248

REPO RT OF THE

[Pub. Doc.

SOUTHBRIDGE CO-OPERATIVE BANK, SOUTHBRIDGE.
I l l M AIN STREET.

Incorporated March 8, 1910.
W il f r id

J.

Lam oureux,

President.

J.

A natole

Began business April 7, 1910.
Caron,

Secretary.

J.

A natole C aron,

Treasurer.

Board of Directors: H. U.

B a i l , C l é m e n t B e g i n , J. E. B e n o i t , N a p B l a n c h a r d , J. B. D e m e r s , A. L.
D e s a u l n ie r s , H o n o r é D o r v a l , F e l ix G a t in e a u , W . P . G e n d r e a u , A im é e L a n g e v in , O n o M e c h e l i , E l z e b e r t O u e l l e t t e , A. J. P a q u i n , J. A. R i c h a r d , F. A. W a l d .

rato

Security Committee: H. U.
Auditors:

B a il ,

A l e x i s B o y e r , J r .,

A.

E.

L . D e s a u l n ie r s , J. B . D e m e r s .

D . D e s r o s ie r s , O r ig e n e P a q u e t t e .

Regular meetings for receipt of moneys the first Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Temporary expense account
Cash
.
.
.
.

Liabilities.

$7,900 00
236 00
70
3,245 51

Dues capital
.
.
Profits capital .
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Fines
.
.
.
Withdrawal profits

.
.
.
.
.
.

.
.
.
.
.
.

$11,382 21

00
14
65
34
64
68
76

$11,382 21

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$11,032
222
14
37
66
5
3

Membership.

405
227
820
64

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

76
69
196
10

Profits Distributed.

First term, 1%; second term, 2%.

Proportion of profits retained on voluntary withdrawals, 20%.

Rates and Averages on Loans, October 31, 1911.

6 real estate loans (average, $1,316.67 each; average rate, 6%): 6%, $7,900.
4 share loans (average, $59 each; average rate, 6%): 6%, $236.

Total Expenses for Year.
Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$23.20
2.03

Total.
$23.20
2.03

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Cash on hand Oct. 31, 1910

.
.

3,969
2,000
30
386
24
3
2,312

00
00
00
16
04
76
60

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series..per
Share, in Force. Total Value.
April 1910
1
$19 43
433
$8,413 19
2
13 22
Oct. 1910
74
978 28
April 1911
3
6 07
281
1,986 67
4
1 00
32
Oct. 1911
32 00
Dues paid in advance .

$13,725 56
D is b u b s e m e n t s .

Dues capital withdrawn
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.

$1,873
17
8,300
266
23
3,245

00
85
00
00
20
51

$13,725 56

D ate op E xam in a tio n , October 4, 5, 6.


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

249

29 00
$11,439 14

Dues capital
Profits capital
Unpaid dues

$11,032 00
222 14
185 00
$11,439 14

REPO RT OF THE

250

[Pub. Doc.

SOUTH FRAMINGHAM CO-OPERATIVE BANK, SOUTH FRAM INGHAM.
SM ITH BLOCK, IRVING SQUARE.

Incorporated April 16, 1889.
A lvah

T.

B r id g e s ,

President.

Began business May 6, 1889.
H a r r is

H a r r is

L.

D avenport,

Secretary.

L.

D avenport,

Treasurer.

Board of Directors: G . L. A v e r t , E . A . C l a r k , C. L. C u r t i s , H. S. D e n n i s o n , C. H. E a m e s , F . H.
F a l e s , A . H. F i s k e , C. H. F u l l e r , E l e a z a r G o u l d i n g , C. N. H a r g r a v e s , F . H. H i l t o n , D a v i d
R o b e r t s o n , S. O. S t a p l e s , J. H. T e m p l e , G . J. T w i t e , E u g e n e W a t e r h o u s e , J. P. W e l s h .
Security Committee: S. O.
Auditors: A. E.

B ent,

S t a p l e s , E l e a z a r G o u l d in g ,

A. B.

R ic h ,

F. W.

C. L.

C u r t is .

V an D enfange.

Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Temporary expense account
Cash
.
.
.
.

.

$805,435
16,535
300
712
88
174
16,709

00
00
00
70
10
94
82

Dues capital
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Forfeited share account
Personal accounts

.
.
.
.

$839,955 53

00
15
00
65
96
41
39

$839,955 56

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911 .

$712,674
111,442
7,600
7,721
152
122
242

.
.

5,973
4,013
21
230
. 18,567
. 5,056

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

571
414
2,071
508

Profits Distributed.

First term, 2J/£%; second term, 2J^%.

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

432 real estate loans (average, $1,864.43 each; average rate, 6.18%); 5%, $656,135; 6%, $149,300.
109 share loans (average, $151.69 each; average rate, 5.74%); 5%, $4,335; 6%, $12,200.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,485.33
2.96

Other Expenses.
$1,035.44
1.23

Total.
$3,520.77
4.19

Receipts and Disbursements, Year ending
October 31, 1911.

Real estate loans eliminated by
Real estate loans repaid
Shaie loans repaid
Real estate by foreclosure

Temporary expense
Forfeited share account
Matured share account

$225,965 00
2,200 00
3,160
139,990
9,755
2,166
41,706
1,014
1
159
10
46,915
9,209

00
00
00
24
97
61
00
32
00
52
03

$482,252 69
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Suspense dues

,

$119,405
153
34,038
13,554
10
12,114
218,075
13,735
2,166
776
3,680
915
46,915
4
16,709

00
00
00
44
80
10
00
00
24
65
09
03
52
00
82

$482,252 69

of

E x a m in a t io n ,


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue.

R e c e ip t s .

Dues capital
Real estate loans eliminated by

D ate

251

BAN K COMMISSIONER,

No. 8.]

June 16, 19, 20.

Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

Series. Value

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

22 $196 67
23
185 94
24
175 47
165 26
25
155 30
26
145. 58
27
28
136 10
29
126 85
117 82
30
109 02
31
32
100 43
92 05
33
34
83 87
75 89
35
6S 11
36
37
60 52
53 12
38
39
45 89
38 84
40
41
31 96
42
25 25
18 70
43
12 31
44
45
6 08

Dues paid in advance .

Shares
165
101
163
193
235
191
182
120
182
229
408
381
488
504
763
646
1,248
666
1,047
1,341
1,600
2,371
2,581
2,762

Total Value.
$32,450
18,779
28,601
31,895
36,495
27,805
24,770
15,222
21,443
24,965
40,975
35,071
40,928
38,248
51,967
39,095
66,293
30,562
40,665
42,858
40,400
44,337
31,772
16,792

55
94
61
18
50
78
20
00
24
58
44
05
56
56
93
92
76
74
48
36
00
70
11
96

3,347 00
$825,747 15

Dues capital
Profits capital
Unpaid dues

$712,674 00
111,442 15
1,631 00
$825,747 15

REPORT OF THE

252

[Pub. Doc.

SOUTH SHORE CO-OPERATIVE BANK, WEYMOUTH.
61 COMMERCIAL STREET.

Incorporated April 18, 1890.
C harles

G.

Sh eppard,

President.

Began business May 5, 1890.

C h a r l e s G . Jo r d a n ,

Secretary.

C harles

G.

Jordan,

Treasurer.

Board of Directors: C. W. B a k e r , G. E. B i c k n e l l , P a t r i c k B u t l e r , P a t r i c k C a s e y , F r e d e r i c k
C a t e , J. F. D w y e r , T h o m a s F i t z g e r a l d , J . H. F l i n t , C. A. H a y w a r d , J o h n K e l l e y , D . J.
P i e r c e , H. M. S t o w e , C. F. V a u g h a n , J. R. W a l s h .
Security Committee: C. A.
Auditors:

W .

E.

H ayw ard,

G utterson,

R.

C. G.

Sh eppar d .

B . W o r st e r , W . S. W e l l s .

Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Insurance and taxes paid
Cash

Liabilities.

$206,575
7,250
616
94
15
8,860

00
00
11
38
00
01

Dues capital
Profits capital
Guaranty fund .
Surplus
Matured share account

$183,087
33,242
1,215
5,049
816

$223,410 SO

$223,410 50

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
17
00
85
48

.
.

989
603
5
40
68
3,798
1,228

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

107
85
535
179

Profits Distributed.

First term, 2}4%; second term, 2lA % .

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 3 l, 1911.

155 real estate loans (average, $1,332.74 each; average rate, 5.03%); 5%, $200,875; 6%, $5,700.
36 share loans (average, $201.38 each; average rate, 5%); 5%, $7,250.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$550.00
2.46

Other Expenses.
$236.31
1.06

Total.
$786.31
3.52

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans eliminated by
foreclosure
.
.
.
.
Real estate 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 .
.
.
.
Matured share account
Personal accounts
Cash on hand Oct. 31, 1910

D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Matured share account
Personal accounts
Taxes
.
.
.
.
Cash on hand Oct. 31, 1911

Date of Issue. Series. pJ ^ eare ^
1,000 00
4,800
14,450
5,500
668
10,874
433
1
415
23
1,428
401
41
3,643

00
00
00
84
71
42
25
01
87
84
16
90
28

$15,691
399
5,356
10,056
1,802
95
1,847
3,596
34,950
5,150
668
336
786
612
445
41
8,860

00
00
00
00
04
48
56
86
00
00
84
31
31
36
61
90
01

$90,695 28

of

E x a m in a t io n ,


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

Reconciliation of Share Account with Dues
and Profits Capital.

$47,013 00

$90,695 28

D ate

253

BANK COMMISSIONER,

No. 8.]

February 20.

Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

$196
185
175
165
155
145
136
126
117
109
100
92
83
75
68
60
53
45
38
31
25
18
12
6

Dues paid in advance .

71
96
49
28
32
60
12
87
84
03
44
06
88
90
12
53
12
89
84
96
25
70
31
08

Total Value.
42
48
37
64
45
99
29
73
62
119
162
102
121
234
199
155
143
144
221
256
263
342
432
406

$8,261
8,926
6,493
10,577
6,989
14,414
3,947
9,261
7,306
12,974
16,271
9,390
10,149
17,760
13,555
9,382
7,596
6,608
8,583
8,181
6,640
6,395
5,317
2,468

82
08
13
92
40
40
48
51
08
57
28
12
48
60
88
15
16
16
64
76
75
40
92
48

117 00
$217,571 17

Dues capital
Profits capital
Unpaid dues

$183,087 00
33,242 17
1,242 00
$217,571 17

254

[Pub. Doc.

REPO RT OF THE

SOUTH

WEYMOUTH

CO-OPERATIVE

BANK,

SOUTH

WEYMOUTH.

86 PLEASANT STREET.

Incorporated February 28, 1889.
G eorge L. W entw orth ,

President.

E verett

N.

Began business March 9, 1889.
H o l l is ,

Secretary.

E l l is J . P it c h e r ,

Treasurer.

Board of Directors:

G . L . B a r n e s , G . R . B o w k e r , C . H . C l a p p , G . W . C o n a n t , D . F. D a l y , J .
F r a w l e y , C . W. H a s t i n g s , A l v i n H o l l i s , L. K. J o n e s , E. C. L o u d , E. N. M a y b e r r y , J .
R e e d , J. H . S t e t s o n , A . D . S t o d d a r d , G o r d o n W il l is .

Security Committee: C. H.
Auditor:

J. H.

C lapp,

Ste tso n ,

G. R.

B ow ker,

J. F.

Fraw ley,

E. J.

F.
B.

P it c h e r .

C h ar l e s G . Jo r d an .

Regular meetings for receipt of moneys the second Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Unpaid fines
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

.

$245,991
10,450
73
265
56
4,136

00
00
41
28
04
52

*

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Premiums .
Transfer fees
Withdrawal profits
Forfeited share account
Personal accounts

.

1
207
23
954

$260,972 25

00
11
00
85
34
30
00
32
40
93

$260,972 25

Membership.

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oet. 31, 1911 .
Pledged Oct. 31, 1911 .

$209,920
42,002
2,624
3,886
1,352

.

.
.

1,190
544
142
60
4,816
1,414

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

141
74
699
188

Profits Distributed.

First term, 3% ; second term, 3%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

202 real estate loans (average, $1,217.77 each; average rate, 6%): 6%, $245,991.
34 share loam (average, $307.35 each; average rate, 6%); 6%, $10,450.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$778.30
2.98

Other Expenses.
$383.88
1.47

Total.
$1,162.18
4.45

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
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, 1910

00
6,550 00
59,975 00
4,250 00
250 00
16,225 66
8 10

$56,626

703
3
541
59
2,203

59
75
69
45
17

$147,396 41
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Security committee
Suspense account
Cash on hand Oct. 31, 1911

.
.

$17,824
19,730
8,460
2,160
8,235
3,556
75,550

00
00
00
85
25
11
00
6,000 00
569 20
1,162 18
2 30
10 00
4,136 52

$147,396 41

255

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. p^

eare_ j X c 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.

33
75
54
62

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46

$199
187
176
165
155
144
134
124
115
106
97

01
68

69
94
46
23
27
88 57
80 13
71 93
63 97
56 24
48 74
41 46
34 39
27 52
20 85
14 38

8 10
2 00

Dues paid in advance .

39
75
40
40
77
107
61
104

88

95
169
145
198
99
376
189
269
263
376
303
325
354
500
524

Total Value.
$7,773
14,081
7,061
6,624
11,935
15,480
8,216
12,993
10,160
10,091
16,438
12,842
15,865
7,121
24,052
10,629
13,111
10,903
12,930
8,338
6,776
5,090
4,050
1,048
264

87
25
60
80
77
76
09
76
48
85
63
65
74
07
72
36
06
98
64
56
25
52

00
00
00

$253,883 41

Dues capital
Profits capital
Unpaid dues
Suspense profits .

$209,920
42,002
1,960
1

00
11
00
30

$253,883 41
D a t e op E x a m in a t io n , June 21, 22, 23.


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

[Pub. D o c ..

REPORT OF THE

256

SPRINGFIELD CO-OPERATIVE BANK, SPRINGFIELD.
10 EAST COURT STREET.

Incorporated April 13, 1882.
Louis C. S c h e u in g , President.

Began business May 9, 1882.

Jay W. N ic k e l s , Secretary.

C h a b l e s H. C h u r c h il l , Treasurer.

Board of Directors: W. D. B i g e l o w , F. H. E l w e l l , E. A. H a l l , W. H. H a y d e n , H. L. H in e s , J ohn
M u l b o n e , H. A. Sa n d e r s o n , S. D. Sh e r w o o d , F. H. S t e b b in s .
Security Committee: C . H. C h u r c h il l , S. D. S h e r w o o d , W . D. B ig e l o w .
Auditors: W il l ia m W a l l a c e , R o b e r t B e l l , N . D. H o s l e y .
Regular meetings for receipt of moneys the second Tuesday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash
.
.
.

Liabilities.

.

.

$497,245
31,460
1,154
188
33,350

00
00
31
42
51

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account
Profit and loss account

.
.
.
.

$563,398 24

00
25
62
30
00
07

$563,398 24

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$469,275
73,483
5,253
10,502
60
4,824

Membership.

.

3,257
1,497
14
74
25
. 11,004
. 3,274

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

284
255
1,319
374

Profits Distributed.

First term, 2)4%; second term, 2}4%.

Proportion of profits retained on voluntary withdrawals, 100% on series less than one year old; 25% on
series less than 5 years old; 20% on series less than 6 years old; 15% on series less than 7 years old;
5% on series less than 8 years old; after 8 years, none.

Rates and Averages on Loans, October 31, 1911.

317 real estateloans (average, $1,568.60 each; average rate, 5.01%): 5%, $490,045; 5J4%> $1,400; 5M%,
$4,800; 6 ^ % , $1,000.
206 share loans (average, $152.72 each; average rate, 5%): 5%, $31,460.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,486.77
.......................................
2.64

Other Expenses.
$1,147.76
2.04

Total.
$2,634.53
4.68

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Profit and loss account
Cash on hand Oct. 31, 1910

00
5,000 00
83,750 00
14,285 00
26,164 11
632 21
14 50
600 10
11 88

$129,789

474 27
76 75
17,483 81

$278,281 63
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Temporary expense
Forfeited share account
Profit and loss account
Cash on hand Oct. 31, 1911

$57,103
449
9,608
3,750
9,103
47
2,754
1,351
137,620
20,075
2,634
424

00
00
00
00

64
62
18
83

00
00

53
27
10 05
33,350 51

$278,281 63

257

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series,
Feb.
May
Nov.
Feb.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1900
1900
1900
1901
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

57
58
60
61
62
63
64
65

66
67
68

69
70
71
72
73
74
75
76
77
78
79
80
81
82

Total Value.
$188 27
13
182 97
6
115
172 75
139
167 78
162 74
49
121
153 12
246
143 72
134 50
131
189
125 46
128
116 58
108 03
298
264
99 55
247
91 43
410
83 35
350
75 49
691
67 80
570
60 28
435
52 94
486
45 74
563
38 75
525
31 90
21
1,184
25
851
18 68
12 31 1,569
6 08 1,424

Dues paid in advance .

$2,447
1,097
19,866
23,321
7,974
18,527
35,355
17,619
23,711
14,922
32,192
26,281
22,583
34,173
26,421
46,849
34,359
23,028
22,229
21,816
16,747
29,848
15,896
19,314
8,657
349

51
82
25
42
26
52

12

50
94
24
94

20
21

50
50
80
60
90
64
25
50
64

68

39
92

00

$545,594 25
Dues capital
Profits capital
Unpaid dues

$469,275 00
73,483 25
2,836 00
$545,594 25

D a t e of E x a m in a t io n , May 22, 23.


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

[Pub. Doc.

REPO RT OF THE

258

STONEHAM CO-OPERATIVE BANK, STONEHAM.
HILL’ S BLOCK, M AIN STREET.

Incorporated January 10, 1887.
S id n e y A. H i l l , President.

Began business February 1, 1887.

G e o r g e N. G r e e n , Secretary.

G e o r g e N. G r e e n , Treasurer.

Board of Directors: C h a r l e s B a l d w in , C. H. C h a s e , L. C. C u t t s , C. J. E m e r s o n , S. H. G r e e n , B. J.
H in d s , C. W. H o u g h t o n , J. A. J o n e s , D. D. P e a b o d y , O. W. R ic h a r d s o n , W. O. R ic h a r d s o n ,
R . E . S h e r id a n .

Security Committee: C h a r l e s B a l d w in , S. H. G r e e n , C . J. E m e r s o n .
Auditor: F r e d H. C h a se .
Regular meetings for receipt of moneys the first Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Cash
.
.
.
.

.

$262,450
5,700
11,700
1,060
154
6,970

00
00
00
27
60
46

Dues capital
Profits capital
Guaranty fund
Surplus
.
Forfeited share

.
.
.

.
.
.

.
.
.
.

.
.
account

.
.
.
.

00
92
00
39
02

$288,035 33

$288,035 33

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$238,822
40,061
3,100
5,594
457

.
.

827
552
5
53
4,647
1,517

50
27
626

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

220

Profits Distributed.

First term, 2M%; second term, 2H%.

Proportion of profits retained on voluntary withdrawals, $1 per share on series not over 6 years old;
after 6 years, none.

Rates and Averages on Loans, October 31, 1911.

234 real estate loans (average, $1,121.58 each; average rate, 5%): 5%, $262,450.
29 share loans (average, $196.55 each; average rate, 5%): 5%, $5,700.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

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

Salaries.
$701.14
2.43

Other Expenses.
$217.00
.75

No. 8.]

BANK COMMISSIONER.

259

Reconciliation of Share Account with Bues

Date of Issue. Series. Value

R e c e ip t s .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1910

.
.
.

$55,165
28,050
4,250
13,245
204
3
242

00
00
00
27
08
75
30
2 00
425 60
7,869 87

$109,457 87
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.
.

$25,287
345
7,950
4,061
84
2.7C4
56,450
4,650
36
918
6,970

00
00
00
62
80
10
00
00
75
14
46

$109,457 87

May
Nov.
May
Nov.
Ma y
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
Ma y
Nov.
May

1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

$200
190
180
170
160
151
142
132
124
115
106
98
90
82
74
67
59
• 52
45
38
31
25
18
12

91
54
40
49
80
32
06
99
12
44
96
67
56
63
88
28
86
60
50
56
77
13
64
29
6 08

Dues paid in advance .

Shares
32

66

63
48
63
74
132
83

120
117
82

100

113
214
209
178
305
244
237
314
357
315
400
345
436

Total Value.
$6,429
12,575
11,365
8,183
10,130
11,197
18,751
11,038
14,894
13,506
8,770
9,867
10,233
17,682
15,649
11,975
18,257
12,834
10,783
12,107
11,341
7,915
7,456
4,240
2,650

12
64
20
52
40
68
92
17
40
48
72
00
28
82
92
84
30
40
50
84
89
95
00
05
88

148 00
$279,987 92

Dues capital
Profits capital
Unpaid dues

$238,822 00
40,061 92
1,104 00
$279,987 92

D a t e op E x a m in a t io n , January 10, 11, 12.


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

260

REPO RT OF THE

[Pub. Doc,

STOUGHTON CO-OPERATIVE BANK, STOUGHTON.
3 PEARL STREET.

Incorporated March 23, 1886.
W a l e s F r e n c h , President.

Began business April 10, 1886.

H e n r y W. B r it t o n , Secretary.

H e n r y W. B r it t o n , Treasurer.

Board of Directors: G. E. B e l c h e r , R . S. B l a k e , K. R . C l if f o r d , E. E. C u r t is , A. L. H o l m e s , H, S.
J o n e s , J. J. K e n n e d y , H e n r y M c C o u r t , C o r n e l iu s M u r p h y , M . F . P o w e r s , W e b s t e r S m it h ,
R ic h a r d V a n s t o n , R . B . W a r d , F . H . W h it e .

Security Committee: R . B . W a r d , W e b s t e r S m it h , F . H . W h it e .
Auditors: G. A. W a l e s , W . G. P r a t t , 1. B . M a r s t o n .
Regular meetings for receipt of moneys the second Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due
Loans on shares .
Unpaid interest .
Unpaid fines
Personal accounts
Cash
.
.

.

$310,675 00
1,433 93
----

.

Liabilities.

$309,241
8,345
1,368
121
280
21,962

07
00
72
55
57
40

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account

.
.
.
.

$341,319 31

00
64
63
04
6 00

$341,319 31

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$282,694
54,630
2,317
1,671

Membership.

.
.

1,451
1,226

.
.

25
77
5,730
1,899

6

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

192
180
757
367

Profits Distributed.

First term, 2% % ; second term, 2%%.

Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5
years, none.

Rates and Averages on Loans, October 31, 1911.

309 real estate loans (average, $1,000.78 each; average rate, 5.56%'): 5%, $139,275; 6%, $169,966.07.
5S share loans (average, $143.88 each; average late, 6%): 6%, $8,345.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,240.03
3.63

Other Expenses.
$181.78
.53

Total.
$1,421.81
4.16

261

BAN K COMMISSIONER

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

$70,943 00
o
o

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited share account
Retired share account .
Matured share account
Personal accounts
Insurance and taxes
Cash on hand Oct. 31, 1910

00

1,400
57,550
8,525
1,433
17,599
849
1
350
289
4,569
12,328
119
71
9,773

00
00
00
93
28
72
00
99
78
50
07
43
01
04

$186,203 75
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Temporary expense
Forfeited share account
Retired share account .
Matured share account
Personal accounts
Insurance and taxes
Cash on hand Oct. 31, 1911

$43,967
292
3,495
11,239
7,220
46
1,324
4,491
61,025
9,700
2,360
1,421
289
4,569
12,328
400
71
21,962

00
00
00
00
52
84
50
68
00
00
05
40
78
50
07
00
01
40

$186,203 75

D ate op E x a m in a tio n , June 14, 15.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series, perVf e .
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

25 $204 38
192 97
26
182 06
27
28
171 36
29
160 97
30
150 88
31
141 09
32
131 61
122 34
33
34
113 31
104 52
35
36
95 95
87 57
37
79 41
38
39
71 45
63 69
40
41
56 11
42
48 71
43
41 50
44
34 47
45
27 63
46
20 96
12 35
47
48
6 09

Dues paid in advance ,

Total Value.
20
46
87
61
113
96
115
114
156
105
150
171
189
428
212
297
286
265
343
285
425
599
680
487

$4,087
8,876
15,839
10,452
18,189
14,484
16,225
15,003
19,085
11,897
15,678
16,407
16,550
33,987
15,147
18,915
16,047
12,908
14,234
9,823
11,742
12,555
8,398
2,965

60
62
22
96
61
48
35
54
04
55
00
45
73
48
40
93
46
15
50
95
75
04
00
83

165 00
$339,669 64

Dues capital
Profits capital
Unpaid dues

$282,694 00
54,630 64
2,345 00
$339,669 64

262

REPO RT OF THE

[Pub. Doc.

SUFFOLK CO-OPERATIVE BANK, BOSTON.
73 TREMQNT STREET.

Incorporated December 11, 1885.
A lfred A . H a l e , President.

Began business January 1, 1886.

G eorge M. N a y , Secretary.

G eorge M. N a y , Treasurer.

Board of Directors: W. L. A nderson , W. C. B u r b a n k , M. P. C am pbell , T. E. C h e r r y , J. J. G av^ n ,
J. A . G race , E. A . H a l e , R. C. H e e b n e r , W . W. K empton , J. C. M orse , W. S. N a y , E. B. N oy e s ,
E d w a r d - S e a v e r , R. H. T h o d e , W. H. W a tt s .
Security Committee: E dw ard S e a v e r , R. H. T hode .
Auditor: W. C. B u r b a n k .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash

$116,670
7,345
188
35

00
00
15
84

100 00

84 70

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Suspense account

$106,540
15,623
850
1,174
193
41

$124,423 69

$124,423 69

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
79
00
82
83
25

1,404
564
16
34
3,232
883

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

177
101

472
98

Profits Distributed.

First term, 1M%; second term, 1)4%; third term,
1/4%; fourth term, 134%.

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

68 real estate loans (average, $1,715.74 each: average rate, 5.45%): 5%, $33,095; 5)4%. $65,300; 6%,
$17,075; 7.20%, $800; 7.50%, $400.
48 share loans (average, $153.02 each; average rate, 5.97%): 5%, $245; 6%, $7,100.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$500.00
4.00

Other Expenses.
$439.05
3.51

Total.
$939.05
7.51

No. 8.]

BANK COMMISSIONER

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Withdrawal profits
Forfeited profits .
Forfeited share account
Cash on hand Oct. 31, 1910

$36,755 00
3,700
19,300
5,120
50
6,559
257
444
3
19
2,961

00
00
00
00
42
46
50
63
63
02

$75,170 66
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Temporary expense
Forfeited share account
Cash on hand Oct. 31, 1911

.

$15,320
143
5,100
1,777
14
1,773
44,300
5,715
939
4
84

00
00
00
27
52
12
00
00
05
00
70

$75,170 66

263

Reconciliation of Share Account with Dues
and Profits Capital.
Value
Date of Issue. Series. per
Share. Â m e . Total Value.
Nov. 1899
29 $192 16
22
$4,227 52
May 1900
30
181 85
20
3,637 00
Nov. 1900
31
171 88
32
5,500 16
May 1901
32
162 13
24
3,891 12
Nov. 1901
33
152 58
10
1,525 80
May 1902
34
143 38
13
1,863 94
Nov. 1902
35
134 19
24
3,220 56
Feb. 1903
36
129 73
40
5,189 20
May 1903
37
125 32
14
1,754 48
Aug. 1903
38
120 95
34
4,112 30
Nov. 1903
39
116 62
22
2,565 64
Feb. 1904
112 34
40
6
674 04
May 1904
41
108 12
15
1,621 80
42
Aug. 1904
103 92
25
2,598 00
Nov. 1904
43
99 77
36
3,591 72
Feb. 1905
44
95 67
25
2,391 75
45
May 1905
91 58
34
3,113 72
Aug. 1905
46
87 56
5
437 80
Nov. 1905
47
83 58
31
2,590 98
Feb. 1906
48
79 63
55
4,379 65
49
May 1906
75 73
7
530 11
Aug. 1906
50
71 86
35
2,515 10
Nov. 1906
51
68 01
66
4,488 66
Feb. 1907
52
64 22
67
4,302 74
May 1907
53
60 46
28
1,692 88
Aug. 1907
54
56 76
40
2,270 40
Nov. 1907
55
53 08
30
1,592 40
Feb. 1908
56
49 47
108
5,342 76
May 1908
57
45 87
75
3,440 25
Aug. 1908
58
42 34
50
2,117 00
Nov. 1908
59
38 84
79
3,068 36
Feb. 1909
60
35 39
137
4,847 43
May 1909
61
31 98
80
2,558 40
Aug. 1909
62
84
2,403 24
28 61
Nov. 1909
63
25 28
122
3,084 16
Feb. 1910
64
21 98
189
4,154 22
65
202
May 1910
18 72
3,781 44
Aug. 1910
66
15 50
88
1,364 00
Nov. 1910
67
12 32
320
3,942 40
Feb. 1911
68
9 18
428
3,929 04
May 1911
69
6 08
307
1,866 56
Aug. 1911
3 02
203
70
613 06

Dues paid in advance .

117 00
$122,909 79

Dues capital
Profits capital
Unpaid dues

$106,540 00
15,623 79
746 00
$122,909 79

D a te op E x a m in a t io n , September 5, 6.


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

[Pub. Doc.

REPO RT OF THE

264

TAUNTON CO-OPERATIVE BANK, TAUNTON.
43 CITY SQUARE.

Incorporated March 2, 1880.
J ohn J. B a r k e r , President.

Began business March 17, 1880.

H erbert O. M orse , Secretary.

G eorge E. D e a n , Treasurer.

Board of Directors: T homas B a k e r , J.. F. B a r d e n , J. H . D alg lish , T . W . D e a n , H . A. D ic k e r m a n ,
F. E. G off , T h eron G orh am , F. W . H a y m a n , H . N. H opkins , G. A. K in g . J. H . L incoln , H . N.
P ie r c e , A. E. R obinson , A. R . W h it e , 2d, L. M. W ith e r ell .
Security Committee: D a n ie l C a r e y , T homas B a k e r , H . N. P ie r ce .
Auditor: F r an k P. C a n e d y .
Regular meetings for receipt of moneys the first Tuesday after 15th of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.

Liabilities.

Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Cash

$786,100
20,600
3,284
399
770

00
00
43
10
80

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Matured share account
Advanced payments

$811,154 33

00
61
17
60
94
01
00

$811,154 33

Shares.
Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$626,040
115,070
4,828
11,161
133
53,612
308

Membership.
4,163
2,207
398
13,850
4,711

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

233
146
1,513
507

Profits Distributed.
First term, 2J^%; second term, 2}4%.

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

440 real estate loans (average, $1,786.59 each; average rate, 5.30%); 5.30%, $786,100.
67 share loans (average, $307.46 each; average rate, 5.30%); 5.30%, $20,600.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
.......................................$1,400.00
.......................................
1.72

Other Expenses.
$1,040.76
1.28

Total.
$2,440.76
3.00

No. 8.]

Receipts and

BAN K COMMISSIONER.

Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
Fines
Transfer fees
Matured share account
Advanced payments
Cash on hand Oct. 31, 1910

$164,689 00
12,150
137,850
17,750
40,262
768
11
53,612
399
1,598

00
00
00
01
09
50
01
00
41

$429,090 02
D isbubsem ents .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Interest
Temporary expense
Matured share account
Cash on hand Oct. 31, 1911

$70,024
58,666
10,481
20,879
219,750
22,250
2,029
2,440
21,797
770

00
00
93
08
00
00
63
76
82
80

$429,090 02

265

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share,
21 $185 63
May 1900
175 18
22
Nov. 1900
164 99
May 1901
23
24
155 05
Nov. 1901
25
145 37
May 1902
26
135 90
Nov. 1902
27
126 69
May 1903
117 70
Nov. 1903
28
29
108 91
May 1904
Nov. 1904
30
100 35
31
91 99
May 1905
32
83 87
Nov. 1905
75 89
May 1906
33
34
68 12
Nov. 1906
35
May 1907
60 53
36
53 13
Nov. 1907
37
45 91
May 1908
Nov. 1908
38
38 86
39
31 97
May 1909
25 27
Nov. 1909
40
May 1910
41
18 72
42
12 33
Nov. 1910
43
6 09
May 1911

Shares
in Force. Total Value.
352
$65,341 76
78
13,664 04
383
63,191 17
49
7,597 45
438
63,672 06
62
8,425 80
495
62,711 55
114
13,417 80
476
51,841 16
145
14,550 75
659
60,621 41
250
20,967 50
688
52,212 32
248
16,893 76
747
45,215 91
227
12,060 51
903
41,456 73
405
15,738 30
1,226
39,195 22
568
14,353 36
1,548
28,978 56
1,752
21,602 16
2,037
12,405 33
$746,114 61

Dues capital
Profits capital
Unpaid dues

$626,040 00
115,070 61
5,004 00
$746,114 61

D a te of E x a m in a t io n , June 26, 27, 28, 29,


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Federal Reserve Bank of St. Louis

266

R E PO R T OF THE

[Pub. Doc.

TRIMOUNT CO-OPERATIVE BANK, BOSTON.
73 TREMONT STREET.

Incorporated May 18, 1911.
F r an k A. T e e le , President.

Began business June 12, 1911.

G eoege H. W y m a n , Secretary.

G eobge H. W y m a n , Treasurer.

Board of Directors: W. F. C a s e y , K. S. D e W it t , N elson F loyd , G. B. F eost , W. B. G e a n t , C. D.
G b a y , W. H. H a d l ey , H. J. H ae bis , J. D. H endebso n , B. E. H olland , R. E. H a e ding , A. M.
J ohnson , G. A. C. K nig h t , W. F. M oeang , W. W. Spence e , J. W. W e b b e e , G. F. W ollin gee ,
W. F. W y m a n .
Security Committee: F. A. T e e l e , K. S. D e W it t , F. L. B e ie e , J. D. H endebso n , N elson F loyd .
Auditor: A. M. J ohnson .
Regular meetings for receipt of moneys the second Monday of each month.

STATEM ENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Permanent expense account
Temporary expense account
Cash
.
.
.
.

$2,350
75
15
2,859

00
09
00
86

Dues capital
.
Profits capital
.
Guaranty fund .
Surplus
.
.
Interest
.
.
Fines
.
.

.
.
.

.
.
.
.
.
.

.
.
.

.
.
.
.
.
.

$5,299 95

00
26
00
69
68
32

$5,299 95

Shares.

Issued during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

$5,237
20
1
1
36
3

Membership.

.
.

.
.

1,188
1,188
14

Added during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

184
184
3

Profits Distributed.

First term, 1%.
Proportion of profits retained on voluntary withdrawals, 20%.

Rates and Averages on Loans, October 31, 1911.

3 real estate loans (average, $783.33 each; average rate, 6%): 6%, $2,350.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

.

.

.

.

.

.

.

.

Salaries.
—

Other Expenses.
$25.00
4.71

Total.
$25.00
4.71

Receipts and Disbursements, Year ending
October 31, 1911.

.

.
.

.
.

.
.

.

.
.

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pyra,guheare_

R eceipts .

Dues capital
Interest
.
Fines
.

267

BANK COMMISSIONER,

No. 8.]

.

.

$5,237 00
67 71
5 24

June 1911
Sept. 1911

$5,309 95

Dues paid in advance .

1
2

$5 02
2 00

Total Value.
1,013
175

.

.

$5,085 26
350 00
57 00
$5,492 26

D isbubsem ents .

Real estate loans
.
.
Temporary expense
.
.
Permanent expense .
.
Cash on hand Oct. 31, 1911

.

.
.

.

$2,350 00
25 00
75 09
2,859 86
$5,309 95

D a te op E x a m in a t io n , November 1.


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

Dues capital
Profits capital
Unpaid dues

.
.
.

.
.
.

.
.
.

.
.
.

$5,237 00
20 26
235 00
$5,492 26

268

REPO RT OF THE

[Pub. Doc.

TROY CO-OPERATIVE BANK, FALL RIVER.
59 NORTH M AIN STREET.

Incoiporated July 18, 1880.
Jerome C. B orden , President.

Began business July 20, 1880.

G eorge H. E ddy , Jr., Secretary.

G eorge H. E ddy , Jr., Treasurer.

Board of Directors: Ja m es A llardice , T. D. C oved , A . F. Dow, J. H. F r en ch , G eorge G rim e , J. E.
O’C onnor , S. S. R e a d , L. N. S lad e , W. R. W oodman , J. M. Y oung .
Security Committee: J. M. Y ou ng , T. D. C ov e l , James A llardice .
Auditors: C. F. F ish , F. B. A lbro , H. L. F ren ch .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid fines
Cash
.
.
.
.

Liabilities.

.

$986,360
39,400
305
1,821
120
31,193

00
00
76
93
20
93

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Forfeited share account
Personal accounts
Suspense account
Advanced payments

.
.
.
.

$1,059,201 82

00
52
52
94
41
55
73
15

$1,059,201 82

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$867,329
147,179
7,655
36,408
38
16
13
560

.
.

6,398
3,754
20
. 22,869
. 6,152

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

607
330
2,101
535

Profits Distributed.

First term, 2% %; second term, 2Ys%
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

417 real estate loans (average, $2,365.37 each; average rate, 5J4%); 53^%, $986,360.
221 share loans (average, $178.28 each; average rate, 5J^%): 5}^%, $39,400.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,450.50
2.32

Other Expenses.
Total.
$839.60
$3,290.10
.79
3.11

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Temporary expense
Forfeited share account
Suspense account
Advanced payments
Cash on hand Oct. 31, 1910

$247,268 00
1,700
190,450
40,550
1,352
53,807
588
170
171
123
19,658
38,682

00
00
00
89
61
08
00
81
09
29
59

$594,522 36

D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Profit and loss account
Suspense account
Advanced payments
Cash on hand Oct. 31, 1911

$168,497
218
33,865
13
300,870
34,400
1,658
117
3,460
183
112
123
19,808
31,193

00
00
73
46
00
00
65
09
10
81
08
82
69
93

$594,522 36

D a te

269

BAN K COMMISSIONER,

No. 8.]

o f

E x a m in a t io n , November 20, 21, 22.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
Oct. 1899
40 $199 89
April 1900
41
189 02
Oct. 1900
42
178 40
April 1901
43
168 05
Oct. 1901
44
157 99
April 19C2
45
148 15
Oct. 1902
46
138 52
April 1903
47
129 12
Oct. 1903
48
119 97
April 1904
49
111 07
102 36
Oct. 1904
50
April 1905
51
93 86
Oct. 1905
52
85 57
April 1906
77 49
53
54
69 60
Oct. 1906
April 1907
61 91
55
56
54 42
Oct. 1907
April 1908
57
47 12
58
40 01
Oct.' 1908
59
April 19C9
33 08
60
26 33
Oct. 1909
April 1910
61
19 75
62
13 34
Oct. 1910
April 1911
63
7 09
64
1 00
Oct. 1911

Shares
in Force. Total Value.
86
$17,190 54
79
14,932 58
155
27,652 00
41,676 40
248
48,344 94
306
316
46,815 40
338
46,819 76
382
49,323 84
422
50,627 34
359
39,874 13
42,479 40
415
541
50,778 26
50,144 02
586
792
61,372 08
441
30,693 €0
1,163
72,001 33
726
39,508 92
47,355 60
1,005
1,315
52,613 15
47,205 16
1,427
1,692
44,550 36
41,336 75
2,093
32,309 48
2,422
19,653 48
2,772
2,788 00
2,788
$1,018,046 52

Dues capital
Profits capital
Unpaid dues

.

$867,329 00
147,179 52
3,538 00
$1,018,046 52

[Pub. Doc.

REPO RT OF THE

270

UNION CO-OPERATIVE BANK, BOSTON.
92 SALEM STREET.

Incorporated June 30, 1911.
Richard P ink soh n , President.

Began business September 13, 1911.

T homas N u t ile , Secretary.

T homas N u t ile , Treasurer.

Board of Directors: C. E. C olony , H. D . D o n n e , A ndrea D i P ie t r o , J. Y . D onnartjma, A . R .
F rederick , G abr iel G iarda , M aurice G ordon , A rthur K oer ner , V a n C ourtlandt L a w ­
r en c e , T homas N u t ile , A ngelo O nesim o , R ichard P in k so h n , S imon P orcher , M . S. R ogers ,
S. R . R om ano , M orris Sch r ank , J. M . S ousa .

Security Committee: A rthur K oer ner , M orris S ch rank , M . S. R ogers .
Auditors: none yet selected.
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OP CONDITION, OCTOBER 31, 1911.
Assets.

I

$966 00

Cash

•

Liabilities.

$966 00

Dues capital

$966 00

$966 00

Membership.

Shares.

Issued during year
In force Oct. 31, 1911

517
517

Added during year
Members Oct. 31, 1911

101
101

Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 15% on
series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none.


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

Receipts and Disbursements, Year ending
October 31, 1911.

.

.

.

Reconciliation of Share Account with Dues
and Profits Capital.

D . t e . f l » . . . s ™ . p™ "h» „ ,

R eceipts .

Dues capital

271

BANK COMMISSIONER,

No. 8.]

.

$966 00
$966 00

Sept. 1911

1

Total Value.

$2 00

Dues paid in advance .

517

.

.

16 00
$1,050 00

D isbursements .

Cash on hand Oct. 31, 1911

$1,034 00

.

$966 00
$966 00

Dues capital
Unpaid dues

.
.

.
.

.
.

.
.

$966 00
84 00
$1,050 00

D ate op E x a m in a tio n , October 17.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPO RT OF THE

272

UNION CO-OPERATIVE BANK, PITTSFIELD.
24 NOR TH STREET.

Incorporated January 4, 1911.
W illiam H . E a to n , President.

Began business January 17, 1911.

R obert P. P a e k e b , Secretary.

R obeet P. P a r k e r , Treasurer.

Board of Directors: C. C. C h e s n e y , Z. M . C b a n e , G . H . C oopee , C. F. C oo gan , W . H . E a to n , J. H .
E nrigh t , D. J. G im lich , W . F. H a w k in s , J oseph I nstill , K. B. M il l e s , L. ,7. M im a h a n , J ohn
M cQ u a id , R . P. P a e k e e , D. H . P i k e , T. F. P l u n k e tt , C . W . P o w e r , J. N. R obbin s , E. F.
R oscoe , H . J. R y a n , Jam es S a v e e y , R . F. St an to n , W . C . St ev e n so n , J. M cA. V a n c e , D. J.
W a lsh , J. A . W h it e , C. H . W il so n .

Security Committee: C . F . C oo gan , Joseph I nstill , K . B. M il le r , D. J. G im lich , C. H . W ilso n .
Auditors: C a r e y K in n e y , C lifford F r an cis , J. W. G r iff in .
Regular meetings for the receipt of moneys the third Tuesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Cash
.
.
.
.

$32,600
590
341
140
660

00
00
22
56
20

Dues capital
Interest
.
Fines
.

.

.

.

.

.

.

$33,427 00
849 32
55 66

.

$34,331 98

$34,331 98

Membership.

Shares.

Issued during year
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

4,654
448
4,206
245

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.

545
59
486
17

Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

12 real estate loans (average, $2,716.67 each; average rate, 5%): 5%, $32,600.
5 share loans (average, $118 each; average rate, 6%); 6%, $590.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$140.56
4.09

Total.
$140.56
4.09

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
Share loans repaid
Interest
.
.
Fines
.
.

.

.

.

.
.

.
.

.
.

$35,205
180
849
55

00
00
32
66

273

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Jan.
April
July
Oct.

1911
1911
1911
1911

1
2
3
4

Total Value.
$10
7
4
1

00
00
00
00

2,767
327
974
138

$27,670 00
2,289 00
3,896 00
138 00

$36,289 98

Dues paid in advance .

.

.

285 00

D isbursements .

Dues capital withdrawn
Real estate loans
Share loans
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

$1,778
32,600
770
140
341
660

00
00
00
56
22
20

$36,289 98
D ate of E x a m in a tio n , September 22.


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

$34,278 00

Dues capital
Unpaid.dues

$33,427 00
851 00
$34,278 00

274

REPO RT OF THE

[Pub. Doc,

VOLUNTEER CO-OPERATIVE BANK, BOSTON.
120 TREMONT STREET.

Incorporated November 16, 1887.
J ohn J. D e le a , President.

Began business January 1, 1888.

James B. D ooley , Secretary.

Jam es B. D oo le y , Treasurer.

Board of Directors: G eorge A dam s , J. F. C r o w l e y , J. J. D e l e a , J. J. D everetjx , J. B. D oo ley ,
W. A . L eonard , D . F. M cC ormack , J. A . M cK e n n a , W. A . M orris , J. A . R ee d , E . L. R ip l e y ,
J. J. R udd , A . N. Sib l e y .
Security Committee: J. A . R e e d , D. F. M cC ormack , J. J. R udd .
Auditor: W illiam F r an k lin H a ll .
Regular meetings for receipt of moneys the third Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Permanent expense account
Temporary expense account
Cash
.
.
.
.

Liabilities.

$981,775
36,100
874
422
17,509

00
00
42
57
83

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Withdrawal profits
Forfeited share account
Matured share account
Personal accounts

$1,036,681 82

00
04
00
11
60
59
70
64
80
34

$1,036,681 82

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$858,988
141,272
15,500
12,098
2,424
173
81
436
5,426
280

8,112

3,921
82
337
22,719
6,270

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

716
339
2,589
572

Profits Distributed.

First term, 1%%; second term, 134%! third term,
1M%; fourth term, 1H%.
Proportion of profits retained on voluntary withdrawals, 25% on series not over 6 years old; after 6
years, none.

Rates and Averages on Loans, October 31, 1911.

446 real estate loans (average, $2,201.29 each; average rate, 5.28%): 5%, $446,300; 5 J^%, $527,475; 5%%,
$300; 6%, $7,700.
187 share loans (average, $193.05 each; average rate, 5.79%): 5%, $1,550; 5)/£%, $12,150; 6%, $22,400.

Total Expenses for Year.

Amount paid for
Cost per $1,000 of assets


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

Salaries.
$2,990.00
2.88

Other Expenses.
$1,712.51
1.65

Total.
$4,702.51
4.53

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
Real estate by foreclosure
Interest
Fines
Withdrawal profits
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Profits capital
Surplus
Permanent expense
Cash on hand Oct. 31, 1910

$252,354 00
5,100 00
15,500
110,000
27,650
8,253
5,683
53,841
1,719
1,202
1
1,120
52,348
5,505
23
59
26
19,634

00
00
00
33
17
46
62
14
47
19
43
10
24
17
50
64

$560,022 46
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Mortgages .
Real estate by foreclosure
Interest
Temporary expense
Permanent expense
Forfeited share account
Matured share account
Personal accounts
Surplus
Fines
Cash on hand Oct. 31, 1911

$118,409
3,387
47,745
17,724
778
18,093
226,925
30,750
253
5,402
145
4,725
900
944
60,782
5,505
37
3
17,509

00
00
00
02
85
56
00
00
33
83
33
27
92
71
03
10
38
30
83

$560,022 46

275

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share.
Oct. 1899
38 $196 42
Jan. 1900
39
191 04
April 1900
40
185 79
July 1900
41
180 62
Oct. 1900
42
175 47
Jan. 1901
43
170 42
April 1901
44
165 37
45
160 48
July 1901
155 59
Oct. 1901
46
Jan. 1902
47
150 75
April 1902
145 98
48
49
141 27
July 1902
Oct. 1902
136 68
50
Jan. 1903
51
132 08
April 1903
52
127 53
July 1903
53
123 04
Oct. 1903
54
118 60
Jan. 1904
55
114 23
April 1904
109 91
56
July 1904
57
105 65
58
101 43
Oct. 1904
Jan. 1905
59
97 23
April 1905
60
93 11
July 1905
61
89 03
62
Oct. 1905
84 98
Jan. 1906
63
81 00
April 1906
64
77 06
July 1906
65
73 15
66
Oct. 1906
69 28
Jan. 1907
67
65 46
April 1907
61 69
68
July 1907
69
57 95
70
54 26
Oct. 1907
Jan. 1908
71
50 60
April 1908
72
47 01
July 1908
73
43 45
Oct. 1908
74
39 94
Jan. 1909
75
36 46
April 1909
76
33 02
July 1909
77
29 64
Oct. 1909
78
26 30
Jan. 1910
79
22 99
April 1910
80
19 73
July 1910
81
16 51
Oct. 1910
82
13 33
Jan. 1911
83
10 18
April 1911
84
7 08
July 1911
85
4 02
Oct. 1911
86
1 00

Shares
in Force.
93
78
96
25
37
198
43
42
80
349
167
128
170
185
216
214
145
289
185
187
289
339
249
180
258
395
323
280
352
367
260
276
262
682
519
349
610
646
695
463
663
1,133
1,222
905
1,107
2,134
1,645
1,557
1,632

Dues paid in advance .

Total Value.
$18,267 06
14,901 12
17,835 84
4,515 50
6,492 39
33,743 16
7,110 91
6,740 16
12,447 20
52,611 75
24,378 66
18,082 56
23,235 60
24,434 80
27,546 48
26,330 56
17,197 00
33,012 47
20,333 35
19,756 55
29,313 27
32,960 97
23,184 39
16,025 40
21,924 84
31,995 00
24,890 38
20,482 00
24,386 56
24,023 82
16,039 40
15,994 20
14,216 12
34,509 20
24,398 19
15,164 05
24,363 40
23,553 16
22,948 90
13,723 32
17,436 90
26,047 67
24,110 06
14,941 55
14,756 31
21,724 12
11,646 60
6,259 14
1,632 00
3,907 00

$1,005,531 04

Dues capital
Profits capital
Unpaid dues
Suspense dues

.

$858,988
141,272
5,264
7

00
04
00
00

$1,005,531 04
D ate

of

E x a m in a t io n ,


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

February 27, 28, March 1.

REPO RT OF THE

276

[Pub. Doc.

WAKEFIELD CO-OPERATIVE BANK, WAKEFIELD.
M AIN STREET.

Incorporated January 31, 1887.
R ic h a r d

S . S totjt,

President.

C harles

E.

Began business March 5, 1887.

W alton,

Secretary.

C harles

E.

W alton,

Treasurer.

Board of Directors:

E l i z a b e t h E. B o i t , C. E. B r o w n , C o r n e l i u s D o n o v a n , H a r r t F o s t e r , J. A.
H i c k e y , J o h n H i c k e y , C. H. H o w e , C. F. M a n s f i e l d , J. F. P a r k e r , W. A. P r e s c o t t , R. S.
S t o u t , W. G. S t r o n g , W. W. T a f t , W. H. T a y , A. H. T h a y e r , C. E. W a l t o n , O l i v e r W a l t o n .
W . B . W il e y .

Security Committee: R.

Auditors: C.

S. St o u t ,

W . P it m a n , W .

S.

W. B.

W i l e y , O l iv e r W a l t o n ,
W . G. S t r o n g .

A.

M ason,

W. A.

P rescott,

J. A.

H ic k e y ,

H . B oardm an.

Regular meetings for receipt of moneys the first Saturday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Insurance and taxes paid
Mortgage balances
Cash

Liabilities.

$475,450
27,100
1,484
175
8
55
469
7,516

00
00
92
76
40
79
15
69

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account

$512,260 71

$421,186
76,093
2,400
12,496
85

00
56
00
00
15

$512,260 71

I
Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.
.
.
.

2,018
1,261
79
158
8,329
3,055

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

204
136
1,124
451

Profits Distributed.

First term, 2M%; second term, 2l/2%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

397 real estate loans (average, $1,197.60 each; average rate, 5%): 5%, $475,450.
141 share loans (average, $192.19 each; average rate, 5%): 5%, $27,100.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$1,300.00
$561.46
2.54
1.09

Total.
$1,861.46
3.63

. 277

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Date of Issue. Series.

R e c e ip t s .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Personal accounts
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

$101,343 00
8,150
47,550
9,100
24,607
1
580
2
1,152
3
747
20,440

00
00
00
05
50
52
25
56
56
26
32

$213,678 02
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Temporary expense
Personal accounts
Profits capital
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

$42,198
10,803
23,697
4,615
3,556
7,635
95,550
14,200
945
1,861
249
849
7,516

00
00
00
46
53
80
00
00
75
46
07
26
69

$213,678 02

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

1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

Value
$202
192
181
171
161
152
142
133
124
116
107
99
91
83
75
67
60
52
45
38
31
25
18
12
6

Dues paid in advance .

90
24
86
76
90
30
91
76
84
10
58
22
05
08
27
63
17
86
72
74
90
22
69
31
08
•

Shares

Total Value.

72
149
155
132
120
119
140
102
236
193
202
239
142
344
344
359
538
351
386
450
552
504
660
923
917

$14,608
28,643
28,188
22,672
19,428
18,123
20,007
13,643
29,462
22,407
21,731
23,713
12,929
28,579
25,892
24,279
32,371
18,553
17,647
17,433
17,608
12,710
12,335
11,362
5,575

80
76
30
32
00
70
40
52
24
30
16
58
10
52
88
17
46
86
92
00
80
88
40
13
36

272 00
$500,181 56

Dues capital
Profits capital
Unpaid dues

$421,186 00
76,093 56
2,902 00
$500,181 56

D ate

op

E x a m in a t io n ,


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

November”27, 28, 29; December 1, 2, 4.

278

REPO RT OF THE

[Pub. Doc.

WALTHAM CO-OPERATIVE BANK, WALTHAM.
637 M AIN STREET.

Incorporated October 13, 1880.
E dw ard

P.

S m it h ,

President.

E arl

Began business October 20, 1880.

F . C asw ell,

Secretary.

E arl

F.

C asw ell,

Treasurer.

Board of Directors: H. A. B a c o n , G. M. B a t e s , A. S. B a t c h e l d e r , F. H. B e n t , M. T. C o n n e l l y ,
J. F. C o o l i d g e , C. W. D u h g i n , J o h n E d m u n d s , G. A. F i e l , W. N. F u l l e r , C. E. G e t c h e l l ,
H. M. G r a g g , F. P . H a v e n s , F. C. H o d g d o n , A. H. P a u l , W. E . P e t e r s o n , W . H. R a n k i n ,
E. P . S m i t h .
Security Committee: E. P.
Auditors: C. F.

S m it h ,

A llen, H .

E.

C. E.

P r ie s t ,

G etchell,

F. G.

M. T.

C onnelly.

S t ic k n e y .

Regular meetings for receipt of moneys tbe third Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid fines
Taxes
.
.
.
.
Cash
.
.
.
.

Liabilities.

$914,850 00
16,250 00
100 00

1,388
50
72
19,536

72
00
22
16

Dues capital
Profits capital
Guaranty fund
Surplus

$791,786 00
132/492 79

.

6,100 00

21,868 31

$952,247 10

$952,247 10

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.
.

4,479
3,035
436
. 16,762
. 5,228

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.
.

486
471
2,157
604

Profits Distributed.

First term, 1%; second term, 1M%; third term,
1%; fourth term, 1%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

520 real estate loans (average, $1,759.32 each; average rate, 5%): 5%, $914,450; 6%, $400.
94 share loans (average, $172.87 each; average rate, 5%); 5%, $16,250.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$3,615.99
3.80

Other Expenses.
$1,525.05
1.60

Total.
$5,141.04
5.40

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Rent
.
.
.
.
Taxes
.
.
.
.
Cash on hand Oct. 31, 1910

$200,314 00
2,500 00
11,100
153,600
15,875
47,308
1,184
9
21
80
37,734

00
00
00
65
12
75
00
00
63

$469,727 15
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Taxes
.
.
.
.
Interest refunded
Cash on hand Oct. 31, 1911

$132,475
260
66,481
19,291
8
20,923
192,950
12,450
137
5,141
59
12
19,536

00
00
00
30
84
43
00
00
94
04
51
93
16

$469,727 15

279

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
April 1899
156
57 $199 14
$31,065 84
194 07
July 1899
58
123
23,870 61
Oct. 1899
59
189 06
166
31,383 96
Jan. 1900
60
184 12
116
21,357 92
April 1900
61
179 22
56
10,036 32
July 1900
62
174 39
96
16,741 44
Oct. 1900
63
169 64
78
13,231 92
Jan. 1901
64
164 96
120
19,795 20
April 1901
65
160 33
138
22,125 54
July 1901
66
155 72
145
22,579 40
Oct. 1901
67
151 17
177
26,757 09
Jan. 1902
68
161
23,615 48
146 68
April 1902
69
142 25
132
18,777 00
July 1902
137 82
112
70
15,435 84
Oct. 1902
71
133 44
98
13,077 12
Jan. 1903
129 03
164
72
21,160 92
April 1903
73
124 70
182
22,695 40
July 1903
74
164
120 43
19,750 52
Oct. 1903
75
116 18
112
13,012 16
Jan. 1904
76
112 00
164
18,368 00
April 1904
107 84
282
77
30,410 88
July 1904
78
103 73
163
16,907 99
Oct. 1904
79
99 66
124
12,357 84
Jan. 1905
95 61
293
80
28,013 73
April 1905
81
91 61
261
23,910 21
July 1905
82
87 67
216
18,936 72
Oct. 1905
83
83 74
296
24,787 04
Jan. 1906
84
79 85
234
18,684 90
April 1906
85
76 00
311
23,636 00
July 1906
86
72 22
262
18,921 64
Oct. 1906
87
68 46
358
24,508 68
Jan. 1907
64 71
335
88
21,677 85
April 1907
89
61 03
418
25,510 54
July 1907
57 38
297
17,041 86
90
Oct. 1907
91
53 76
294
15,805 44
Jan. 1908
92
273
50 16
13,693 68
April 1908
46 63
285
93
13,289 55
July 1908
94
43 13
235
10,135 55
39 68
469
Oct. 1908
95
18,609 92
Jan. 1909
96
36 26
636
23,061 36
May 1909
97
31 76
538
17,086 88
Aug. 1909
28 43
544
98
15,465 92
99
874
Nov. 1909
25 12
21,954 88
Feb. 1910 100
21 85
738
16,125 30
May 1910 101
18 62
538
10,017 56
Aug. 1910 102
15 44
763
11,780 72
12 28
Nov. 1910 103
780
9,578 40
Feb. 1911 104
9 16 1,248
11,431 68
May 1911 105
6 07
913
5,541 91
Aug. 1911 106
3 02 1,124
3,394 48
Dues paid in advance .

.

.

656 00
$927,772 79

Dues capital
Profits capital
Unpaid dues

$791,786 00
132,492 79
3,494 00
$927,772 79

D a t e o r E x a m in a t io n , October 2, 3, 4,


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Federal Reserve Bank of St. Louis

280

REPORT OF THE

[Pub. Doc,

WATERTOWN CO-OPERATIVE BANK, WATERTOWN.
56 M AIN STREET.

Incorporated June 23, 1888.
B abtlett

M.

Sh a w ,

President.

Began business June 28, 1888.

Sa m u e l S . G l e a s o n ,

Secretary.

S a m u e l S . G l e a s o n ,*

Board of Directors:

C h a b l e s B e i g h a m , F. E . C b i t c h e t t , T. P. E m e b s o n , J. D. E v a n s , S.
A n d b e w H a w e s , W . H. L u c a s , H. E . M a y o , L e w i s M c L a u t h l i n , A . E . O ’ N e i l l ,
S h a w , F. D. T a b l t o n , J. F. T u f t s .

B. M.

Security Committee: S. S.
Auditor:

G leason,

H. W.

O t is ,

F. E.

Treasurer.

S. G l e a s o n ,
H. W . O t i s ,

C b it c h e t t .

T h om as S. Sp u b b .

Regular meetings for receipt of moneys the fourth Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Office furniture .
Cash

Liabilities.

$510,530
13,215
1,318
10
171
1,044
500

00
00
95
15
22
44
00

Dues capital
Profits capital
Guaranty fund
Surplus
Interest
Premiums .
Fines
Transfer fees
Withdrawal profits

$557,666 51

00
19
65
29
52
17
35

2 00

110 34
$557,666 51

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$452,379
73,991
4,480
13,297
12,940
86
379

Membership.

.
.
.
.

1,981
1,151
55
171
9,854
3,016

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

167
108
1,016
279

Profits Distributed.

First term, 2J^%; second term, 2]4%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old.

Rates and Averages on Loans, October 31, 1911.

252 real estate loans (average, $2,025.91 each; average rate, 6.04%); 6%, $447,380; 6.30%, $63,150.
51 share loans (average, $259.12 each; average rate, 6%); 6%, $13,015; 6.30%, $200.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$2,195 96
$668.87
3.94
1.20
* Deceased December 8, 1911.

Total.
$2,864.83
5.14

281

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
Transfer fees
.
.
.
Withdrawal profits
Temporary expense
Cash on hand Oct. 31, 1910

.

$117,361 00
10,100
69,650 00
9,436 00
31,335 31
226 13
893 74
5 50
292 01
320 87
8,210 41
$247,830 97

D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
.
Interest
.
.
.
.
Temporary expense
Office furniture .
.
.
.
Cash on hand Oct. 31, 1911

.

$44,554
6,497
24,624
7,125
1,915
9,955
109,875
8,791
181
3,185
250
30,876

00
00
00
55
10
17
00
00
70
70
00
75

$247,830 97

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

24
25
26
27
28
29
30
31
32
33

34
35
36
37
38
39
40
41
42
43
44
45
46
47

Value
$195
184
174
163
153
143
134
125
116
107
98
90
82
74
66
58
51
44
37
30
23
17
11
5

Dues paid in advance .

97
97
29
94
82
99
41
10
04
24
65
27
11
14
37
79
42
23
23
43
81
36
09
00

_Shares
59
58
70
91
168
150
238
219
273
207
306
288
457
267
540
374
444
530
651
767
981
893
866
957

Total Value.
$11,562
10,728
12,200
14,918
25,841
21,598
31,989
27,396
31,678
22,198
30,186
25,997
37,524
19,795
35,839
21,987
22,830
23,441
24,236
23,339
23,357
15,502
9,603
4,785

23
26
30
54
76
50
58
90
92
68
90
76
27
38
80
46
48
90
73
81
61
48
94
00

848 00
$529,391 19

Dues capital
Profits capital
Unpaid dues

$452,379 00
73,991 19
3,021 00
$529,391 19

D ate

op

E x a m in a t io n ,


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Federal Reserve Bank of St. Louis

February 7.

282

REPO RT OF THE

[Pub. Doc.

WAVERLEY CO-OPERATIVE BANK, BELMONT.
22 CHURCH STREET, WAVERLEY.

Incorporated April 4, 1896.
T homas

W.

D a v is ,

President.

I r v in g

F.

Began business April 13, 1896.

M unroe,

Secretary.

U lysses

S.

Y oung,

Treasurer.

Board of Directors: W. F . B e e t l e , J. P. B R A n B U R Y , L.
F l e t t , I. B . F r o s t , G . O. G u s t i n , C . O. H i l l , G .

B . C l a r k , T. L. C r e e l y , T. W. D a v i s , G . C.
F . K e n d a l l , F . H . K e n d a l l , I. F . M u n r o e ,
H . H . R u ssell, H . P. R u ssell, C . H . S lad e, U . S. Y o u n g .

Security Committee: H. H.
Auditor:

G eorge

W.

R ussell,

T. L.

Creely,

G. F.

K endall.

M anson.

Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid fines
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

Liabilities.

.

$310,923
24,555
4,800
5,108
1,167
96
248
37
13,322

00
00
00
49
31
48
42
50
18

Dues capital
.
.
Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Fines
.
.
.
Withdrawal profits
Application fees .
.

.
.
.
.
.
.

.
.
.
.
.
.

.

.

$360,258 38

00
31
30
34
01
44
98
00

$360,258 33

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$290,376
54,501
4,754
8,570
1,870
21
154
10

Membership.

.
.
.
.

2,163
1,237
71
117
7,379
2,327

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

213
114
793
194

Profits Distributed.

First term, 2 % % ; second term, 2 % % .
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

139 real estate loans (average, $2,236.86 each; average rate, 6%): 6%, $310,923.
88 share loans (average, $279.03 each; average rate, 6%): 6%, $24,555.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,500.01
4.16

Other Expenses.
Total.
$643.32
$2,143.33
1.79
5.95

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure .
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Taxes
.
.
.
.
Application fees .
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

$83,626 00
1,200
81,850
8,215
1,398
20,801
482
3
897
72
135
307
6,714

00
00
00
00
08
25
50
82
61
00
75
94

$205,703 95
D isbubsem ents .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Matured share account
Insurance .
.
.
.
Cash on hand Oct. 31, 1911

$33,752
10,123
16,851
3,605
3,848
6,966
92,523
11,500
2,600
582
330
2,143
7,548
7
13,322

00
00
00
14
91
18
00
00
00
90
06
33
75
50
18

$205,703 95
D ate op E x a m in a tio n , June 20, 21.


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Federal Reserve Bank of St. Louis

283

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
98
$18,914 00
April 1900
9 $193 00
16,913 91
93
Oct. 1900
10
181 87
115
19,668 45
April 1901
11
171 03
102
16,375 08
12
Oct. 1901
160 54
95
14,283 25
April 1902
13
150 35
89
12,498 27
Oct. 1902
14
140 43
April 1903
15
109
130 77
14,253 93
164
19,904 68
Oct. 1903
16
121 37
April 1904
112 22
90
10,099 80
17
94
18
103 32
9,712 08
Oct. 1904
204
April 1905
19
94 65
19,308 60
157
Oct. 1905
20
86 22
13,536 54
April 1906
78 01
210
16,382 10
21
22
215
15,054 30
70 02
Oct. 1906
April 1907
23
62 25
304
18,924 00
54 68
232
12,685 76
Oct. 1907
24
403
April 1908
25
47 32
19,069 96
319
Oct. 1908
26
40 15
12,807 85
554
April 1909
27
33 18
18,381 72
28
26 39
673
Oct. 1909
17,760 47
638
12,619 64
April 1910
29
19 78
13 35
651
8,690 85
Oct. 1910
30
April 1911
7 09 1,123
7,962 07
31
32
647
652 00
Oct. 1911
1 00
Dues paid in advance .

282 00
$346,741 31

Dues capital
Profits capital
Unpaid dues

$290,376 00
54,501 31
1,864 00
$346,741 31

284

REPO RT OF THE

[Pub. Doc.

WEBSTER CO-OPERATIVE BANK, WEBSTER.
98 M AIN STREET.

Incorporated August 2, 1889.
J ames C ocks , President.

Began business August 8, 1889.

C. M. N a sh , Secretary.

C. M. N a sh , Treasurer.

Board of Directors: H. E. B a n n is t e r , Ja m e s B r e n n a n , H. J. C l ar k e , W. H. C u n n in g h a m , J. W.
D ob bie . J. R. H a sk e ll , W. H. K in g , A u g . K isro , C. W. K osmaler , J. J. L e la n d , J. P. L o v e ,
H. B. M o n ta gu e , L. B. P a tt iso n , I k e Sh e a , H. H. S ter nberg .
Security Committee: James C ocks , G. F. H a r t , L. E. P a tt iso n .
Auditors: H. E. S m ith , 2d, H. C. B r an ch , J. A. T hompson .
Regular meetings for receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Unpaid premiums
Unpaid fines
Temporary expense account
Rents, etc.
Cash
.
.
.
.

.

$181,575
2,918
4,550
1,150
1,006
51
33
265
32
15,924

00
00
00
00
72
00
02
70
32
27

Dues capital
.
Profits capital .
Guaranty fund .
Surplus
.
.
Interest
.
.
Premiums .
.
Fines
.
.
Transfer fees
.
Withdrawal profits

.
.
.
.

.
.
.

.
.
.
.
.
.
.
.

.

.
.
.
.
.
.
.
.

$207,506 03

$161,502
29,066
5,346
8,275
2,948
145
52

00
19
00
17
36
58
29
50
169 94

$207,506 03

Shares.

Membership.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.

.
.

1,084
638
45
24
3,895
1,066

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

125
82
507
128

Profits Distributed.

First term, 3% ; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25% for first 5 years; after 5 years, none.

Rates and Averages on Loans, October 31, 1911.

121 real estate loans (average, $1,500.61 each; average rate, 6.30%); 6.30%, $181,575.
18 share loans (average, $162.11 each; average rate, 6.20%); 6%, $268; 6,30%, $2,650.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

Salaries.
$700.00
3.37

Other Expenses.
$211.16
1.02

Total.
$911.16
4.39

285

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.

Date of Issue. Series.

R eceipts .

Dues capital
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Rent
.
.
.
.
Cash on hand Oct. 31, 1910

$44,688 00
4,800
37,320
2,793
5,148
11,339
560
191

00
00
00
02
53
13
14
50
306 99
162 68
8,335 41

$115,645 40
D isbursements .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Mortgages .
.
.
.
Real estate by foreclosure .
Interest
.
.
.
.
Temporary expense
Rent account
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

Reconciliation of Share Account with Dues
and Profits Capital.

$26,433
6,473
3,456
4,394
2,036
1,370
45,620
2,815
4,350
1,200
102
911
160
398
15,924

00
00
00
71
25
32
00
00
00
00
94
16
73
02
27

$115,645 40

Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.
Feb.
Aug.

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

Total Value.
$193
182
171
161
151
142
132
123
114
105
96
88
80
72
64
57
49
42
35
28
21
15
9
3

31
34
88
62
71
02
54
29
28
46
91
53
38
40
64
03
63
42
37
51
85
38
10
00

5
47
41
20
96
66
106
79
90
120
112
56
130
98
200
118
108
183
218
213
432
359
536
462

$966
8,569
7,047
3,232
14,564
9,373
14,049
9,739
10,285
12,655
10,853
4,957
10,449
7,095
12,928
6,729
5,360
7,762
7,710
6,072
9,439
5,521
4,877
1,386

55
98
08
40
16
32
24
91
20
20
92
68
40
20
00
54
04
86
66
63
20
42
60
00

199 00

Dues paid in advance .

$191,826 19

Dues capital
Profits capital
Unpaid dues
Suspense dues

.

$161,502
29,066
1,247
11

00
19
00
00

$191,826 19
D ate of E x a m in a tio n , October 23, 24.


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

286

REPO RT OF THE

[Pub. Doc.

WEIR CO-OPERATIVE BANK, TAUNTON.
10 WEST W ATER STREET.

Incorporated July 11, 1884.
John G. W illiam s , President.

Began business July 16, 1884.

R e u b e n W. C h a s e , Secretary.

T. P reston B u r t , Treasurer.

Board of Directors: J. L. A n t h o n y , H. L. B lood, J. A . C r a n e , J. H. C r o n a n , J. H. D alg lish , J. M .
F itzg er ald , J. A . M c D onald , E. P. Padelford , C. S. P a r k e r , J. W. P a r k e r , C. V. Sander s ,
J. H. Stoddard , A . H. T e tl o w , E. A. T e tl o w , O. G. T hom as .
Security Committee: J. H. D alg lish , A . C. S taples , J. H. Stoddard .
Auditors: A. P. H oard , J. R. E d d y , A. R. L eonard .
Regular meetings for receipt of moneys the sixteenth of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Liabilities.

Loans on real estate .
Loans on shares .
Unpaid interest .
Unpaid fines
Temporary expense account
Insurance and taxes paid
Suspense account
Cash

.

$353,150
5,500
665
77
353
6
1
302

00
00
48
00
95
30
04
72

Dues capital
.
.
Profits capital .
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Fines
.
.
.
Transfer fees
.
.
Matured share account

.
.
.

.

.
.
.

.
.
.

.

.
.
.

$360,056 49

Membership.

.
.
.
.
.
.

00
58
00
14
20
67
00
90

$360,056 49

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year .
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$268,644
46,072
3,043
9,920
6,158
135
1
26,081

.
.
.
.
.
.

.
.
.
.

.2,119
.
819
13
245
6,262
2,032

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

173
84
759
262

Profits Distributed.

First term, 2)^%; second term, 2^2%.
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

251 real estate loans (average, $1,406.97 each; average rate, 5.30%); 5.30%, $353,150.
19 share loans (average, $289.47 each; average rate, 5.30%); 5.30%, $5,500.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

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

Salaries.
$805.00
2.23

Other Expenses.
$268.32
.74

Total.
$1,073.32
2.97

Receipts and

287

BAN K COMMISSIONER.

No. 8.]

Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Eines
.
.
.
.
Transfer fees
Matured share account
Taxes and insurance .
Suspense account
Cash on hand Oct. 31, 1910

$73,745 00
2,600 00
1,000
53,100
2,150
3,601
18,596
447
3
37,729
23
29
891

00
00
00
25
50
86
00
96
00
01
63

$193,917 21
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Matured share account
Taxes and insurance .
Suspense account
Cash on hand Oct. 31, 1911

.
.

$37,857
533
36,015
6,919
87
13,160
77,800
2,050
190
456
1,073
17,450
3
18
302

00
00
00
69
88
23
00
00
34
48
32
38
00
17
72

$193,917 21

D ate of E x a m in a tio n , June 29, 30; July 3.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pS h a re . bForce. Total Value>
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

32 $190 76
180 20
33
169 94
34
35
159 92
150 16
36
37
140 64
131 35
38
122 28
39
113 44
40
104 82
41
42
96 40
88 17
43
44
80 17
72 35
45
64 73
46
47
57 29
48
50 03
42 95
49
36 05
50
51
29 31
52
22 74
16 33
53
54
10 09
4 00
55

Dues paid in advance .

70
35
86
240
45
54
57
398
73
90
182
95
184
164
114
337
169
352
160
527
291
567
1,220
752

$13,353
6,307
14,614
38,380
6,757
7,594
7,486
48,667
8,281
9,433
17,544
8,376
14,751
11,865
7,379
19,306
8,455
15,118
5,768
15,446
6,617
9,259
12,309
3,008

20
00
84
80
20
56
95
44
12
80
80
15
28
40
22
73
07
40
00
37
34
11
80
00

495 00
$316,577 58

Dues capital
Profits capital
Unpaid dues

$268,644 00
46,072 58
1,861 00
$316,577 58

[Pub. Doc,

REPO RT OF THE

288

WELLESLEY CO-OPERATIVE BANK, WELLESLEY.
540 W ASHINGTON STREET.

Incorporated January 24, 1911.
W illiam W . M cL eod , President.

Began business January 25, 1911.

John T. R y a n , Secretary.

John T. R y a n , Treasurer.

Board of Directors: G. L. A be l l , T. D. C olem an , G. C. F u l le b , B. W. G u e b n s e y , J. D. H a e d y ,
F. O. Johnson , W. W. M cL eod , W. A. P a b k s , R. K. Sa w y e b , O. L. Schofield , G. N. S m ith ,
I saac Spbagu e , M. C. S p e ing , G. A. Sw e e t s e b , T. A. W e st . .
Security Committee: T. D. C olem an , F. O. Johnson , J. D. H a b d y , W. W. M cL eod , G. N. S m ith .
Auditor: H e ebeet T. D a y is .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

$12,600 00
216 72
1,120 66

Loans on real estate
Permanent expense account
Cash
.
.
.
.

$13,519 00
388 26
30 12

Dues capital
Interest
Fines

$13,937 38

$13,937 38

Membership.

Shares.

Issued during year
.
Withdrawn during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.
.

.

.
.
.

.

.
.
.
.

1,965
25
1,940
67

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

330
7
323
7

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

7 real estate loans (average, $1,800 each; average rate, 6.33%); 6 M%> $10,300; 6J^%, $600; 6% %, $1,700*

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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

Other Expenses.
$216.72
15.55

Total.
$216.72
15.55

No. 8.]

BAN K COMMISSIONER,

289

Receipts and Disbursements, Year ending
October 31, 1911.

Reconciliation of Share Account with Dues
and Profits Capital.

Dues capital
Interest
.
Fines
.

Feb.
Aug.

.
.

.

.
.

.

.
.

.

.
.

.

$13,633 00
388 26
30 12
$14,051 38

Date of Issue. Series. pJ ^ U
heare.
1911
1911

1
2

Total Value.

$9 00
3 00

Dues paid in advance .

1,286
654
.

.

$11,574 00
1,962 00
166 00
$13,702 00

D isbursem ents .

Dues capital withdrawn
Real estate loans
Permanent expense
Cash on hand Oct. 31, 1911

$114 00
12,600 00
216 72
1,120 66
$14,051 38

D a te op E x a m in a t io n , November 8.


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

Dues capital
Unpaid dues

$13,519 00
183 00
$13,702 00

REPO RT OF THE

290

[Pub. Doc,

WESTFIELD CO-OPERATIVE BANK, WESTFIELD.
POST OFFICE BLOCK, ELM STREET.

Incorporated December 13, 1881.
S. B. C a m pbell , President.

Began business December 19, 1881.

James H. C la r k , Secretary.

Jam es H. C l ar k , Treasurer.

Board of Directors: N . S. B a r n e s , H. L. B r ad le y , S. B. C am pbell , J. H. C lark , G. H. C ush ing ,
F. N. G ibbon s , J. R. G l a d w in , R obert G o w d y , H. W. K ittredge , T homas L it t l e , H. P.
M oseley , H. B. M oulton , A. G. N orton , O. B. P a r k s , O. E. P a r k s , G. E. Sh epar d , Jr.
Security Committee: S. B. C am pbell , T homas L it t l e , O. E. P a r k s .
Auditors: C. H. C ooley , Jr., H. S. E a to n .
Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Unpaid interest .
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.

$398,970
21,634
3,473
153
531
37
8,326

50
00
25
00
35
50
87

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Withdrawal profits

00
32
47
76
64
61
67

$433,126 47

$433,126 47

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$359,076
53,274
3,134
9,274
8,097
154
114

.
.

.-

.
.

2,870
2,110
9
8,919
2,749

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

291
220
1,003
345

Profits Distributed.

First term, 2 ^ % ; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 25% of last dividend.

Rates and Averages on Loans, October 31, 1911.

275 real estate loans (average, $1,450.80 each; average rate, 6%): 6%, $398,970.50.
93 share loans (average, $232.62 each; average rate, 6%): 6%, $21,634.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries. Other Expenses.
$1,614.58
$509.55
3.73
1.17

Total.
$2,124.13
4.90

BAN K COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans repaid
Share loans repaid
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account
Insurance and taxes
Cash on hand Oct. 31, 1910

$105,884
1,650
108,101
28,911
1,734
23,151
382
310
714

00
00
00

83
50
37
65
74
46
6 73
8,969 96

$279,817 24
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
Real estate by foreclosure
Interest paid in advance
Temporary expense
Permanent expense
Forfeited share account
Profit and loss account
Cash on hand Oct. 31, 1911

$71,502
556
12,749
158
152,662
29,116
1,734
5
2,124
153
714
14
8,326

00
00

49
46
50
83
50

00
13
00
46
00

291

Reconciliation of Share Account w ith Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
67
$12,979 91
36 $193 73
Dec. 1899
49
8,970 92
37
183 08
June 1900
172 62
107
18,470 34
Dec. 1900
38
7,148 68
162 47
44
39
June 1901
152 53
105
16,015 65
Dec. 1901
40
7,998 48
142 83
56
41
June 1902
126
16,805 88
42
133 38
Dec. 1902
1
2
1
124 16
15,023 36
43
June 1903
182
20,962 76
44
115 18
Dec. 1903
106 43
140
14,900 20
45
June 1904
341
33,383 90
97 90
Dec. 1904
46
6,092 12
89 59
68
47
June 1905
421
34,307 29
81 49
48
Dec. 1905
262
19,283 20
49
73 60
June 1906
41,391 48
65 91
628
50
Dec. 1906
15,539 72
266
58 42
51
June 1907
17,585 28
344
52
51 12
Dec. 1907
421
18,528 21
44 01
53
June 1908
686
25,436 88
37 08
54
Dec. 1908
398
12,071 34
55
30 33
June 1909
944
22,420 00
23 75
56
Dec. 1909
12,120 66
17 34
699
57
June 1910
13,685 06
11 09 1,234
58
Dec. 1910
6,050 00
59
5 00 1,210
June 1911
Dues paid in advance .

605

00

$417,776 32

87

$279,817 24

Dues capital
Profits capital
Unpaid dues

$359,076 00
53,274 32
5,426 00
$417,776 32

D ate op E x a m in a t io n , May 24, 25, 26.


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

REPO RT OF THE

292

[Pub. Doc,

WEST NEWTON CO-OPERATIVE BANK, NEWTON.
1351 W ASHINGTON STREET, WEST NEWTON.

Incorporated June 14, 1892.
C harles E. H a tfie ld , President.

Began business June 22, 1892.

Joseph A . S ymonds , Secretary.

Joseph A. Sym ond s , Treasurer.

Board of Directors: A. L. B arb ou r , H . L. B u r r a g e , R. S. H arrison , C. E. H atfield , J. N. L ovell ,
F. M. L o w e , M. F. L uc a s , F rancis N e w h a l l , E llery P e abod y , G. R. P ulsife r , J. A. Sym ond s ,
S. B . T hom as , H . L. W h ittlesey , E . F. W oods .

Security Committee: F. M. L o w e , F rancis N e w h a l l , M. F. L ucas .
Auditors: J. B. Ross, E th e l E. T. G am m o ns , W alter W h itt le se y .
Regular meetings for receipt of moneys the fourth Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due

Liabilities.

$178,665 00
1,936 42

Loans on shares .
.
.
.
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.
.

$176,728
4,600
172
18
12,093

58
00
19
35
12

Dues capital
.
.
Profits capital .
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Premiums .
.
.
Fines
.
.
.
Withdrawal profits
Forfeited share account

.
.
.
.
.
.
.

.
.
.
.
.
.
.

$193,612 24

00
76
00
46
27
70
02
07
96

$193,612 24

Membership.

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$157,674
24,488
2,350
7,876
981
1
64
25
150

.
.
.

1,444
883
54
4,268
1,084

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

126
62
485
113

Profits Distributed.

First term, 114%; second term, 1J4%; third term,
1M%; fourth term, 1M%Proportion of profits retained on voluntary withdrawals, 25% on series less than 2 years old; 10% on
series over 2 years old.

Rates and Averages on Loans, October 31, 1911.

110 real estate loans (average, $1,606.62 each; average rate, 5.32%): 5.30%, $172,898.58; 6.30%, $3,830.
20 share loans (average, $230 each; average rate, 5.30%): 5.30%, $4,600.
•

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$626.38
3.23

Other Expenses.
$525.47
2.71

Total.
$1,151.85
5.94

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Matured share account
Cash on hand Oct. 31, 1910

.•

!

$49,454
27,600
5,210
5,750
9,564
14
306

00
00
00
00
87
10
34
25
321 44
10,822 53
2,320 75

$111,364 28
D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Interest
.
.
.
.
Temporary expense
Matured share account
Insurance .
.
.
.
Cash on hand Oct. 31, 1911

$22,275
7,938
2,814
2,884
40,450
5,015
5,813
101
1,151
10,822
5
12,093

00
00
65
53
00
00
58
02
85
53
00
12

$111,364 28

293

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
Dec. 1899
16 $193 90
40
$7,756 00
17
25
June 1900
183 21
4,580 25
172 84
68
Dec. 1900
18
11,753 12
19
162 72
29
4,718 88
June 1901
9,171 00
Dec. 1901
20
152 85
60
5,728 80
June 1902
21
143 22
40
22
32
4,282 24
Dec. 1902
133 82
124 65
17
2,119 05
June 1903
23
69
Dec. 1903
24
115 70
7,983 30
25
106 98
79
8,451 42
June 1904
Dec. 1904
26
98 47
78
7,680 66
44
3,966 60
June 1905
27
90 15
77
6,627 39
Sept. 1905
28
86 07
71
29
82 04
5,824 84
Dec. 1905
1,014 78
Mar. 1906
30
78 06
13
31
107
7,931 91
June 1906
74 13
4,004 25
32
70 25
57
Sept. 1906
96
6,376 32
Dec. 1906
33
66 42
48
3,006 72
Mar. 1907
34
62 64
3,475 10
59
June 1907
35
58 90
1,490 67
55 21
27
Sept. 1907
36
72
3,713 04
Dec. 1907
37
51 57
110
5,277 80
Mar. 1908
38
47 98
6,885 10
39
44 42
155
June 1908
4,091 00
100
Sept. 1908
40
40 91
161
6,027 84
41
37 44
Dec. 1908
6,836 01
Mar. 1909
42
34 01
201
4,594 50
150
June 1909
43
30 63
4,639 30
44
27 29
170
Sept. 1909
3,502 54
45
146
Dec. 1909
23 99
3,814 32
184
Mar. 1910
46
20 73
148
2,591 48
47
17 51
June 1910
4,370 65
48
305
Sept. 1910
14 33
49
392
4,386 48
Dec. 1910
11 19
2,208 57
273
Mar. 1911
50
8 09
1,815 83
361
51
5 03
June 1911
204
408 00
52
2 00
Sept. 1911
Dues paid in advance .

535 00
$183,640 76

Dues capital
Profits capital
Unpaid dues

$157,674 00
24,488 76
1,478 00
$183,640 76

D ate op E x a m in a tio n , March 6, 7.


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

294

REPO RT OF THE

[Pub. Doc.

WEST ROXBURY CO-OPERATIVE BANK, BOSTON.
55

K IL B Y STREET.

Incorporated February 1, 1881.
E ug en e W . C l ar k , President.

Began business March 3, 1881.

B enjamin H . J o n es , Secretary.

B enjam in H . Jones , Treasurer.

Board of Directors: R . S. B a rr o w s , L. J. B bac kett , E. M . B r e w e r , E. L. C a ld w e ll , O. R . C h ad w e l l , E. W. C l ar k , E. V. G r ab ill , H. S. H a r r is , B. H. J o n es , J. E. Jo n es , W. M . K in g m a n ,
F. S. M a so n , C. J. N ichols , B . L. P a g e , J. T . W h itm an .
Security Committee: E. M . B r e w e r , R . S. B a r r o w s , H. S. H a r r is .
Auditors: S. P. M oorhouse , V. W. M a s o n , W. L. K in g .
Regular meetings for receipt of moneys the first Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Less amount due

$727,000 00
14,250 00
-------------$712,750 00
Loans on shares .
.
.
.
85,850 00
Real estate by foreclosure, etc.
.
2,988 01
Unpaid dues
.
.
.
.
3,134 00
Unpaid interest
.
.
.
.
518 12
Unpaid fines
.
.
.
.
188 09
C a s h ......................
52,672
83

Dues capital
Profits capital
Guaranty fund .
Surplus
Forfeited share account
Advanced dues .

$858,101 05

00
58
00
18
29
00

$858,101 05

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$706,936
131,178
7,500
10,897
601
988

Membership.

.
.

2,670
1,662
5
260
. 13,487
. 5,402

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.
.

385
224
1,460
449

Profits Distributed.

First term, 2M%; second term, 2ly % .
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

323 real estate loans (average, $2,206.65 each; average rate, 5.04%); 5%, $642,100; 5J^%, $70,650.
367 share loans (average, $233.92 each; average rate, 5.12%): 5%, $63,800; 5}^%, $22,050.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$3,678.36
4.29

Other Expenses.
$1,076.12
1.25

Total.
$4,754.48
5.54

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits ,
Forfeited share account
Advanced dues .
Cash on hand Oct. 31, 1910

$164,072 00
8,800
89,950
36,500
14,250
333
40,376
1,328
6
1,265
35
601
988
8,782

00
00
00
00
00
25
82
75
45
39
29
00
45

$367,289 40
D isbubsem ents .

$50,019
499
39,000
5,057
141
13,052
146,350
40,800
13,150
85
1,068
4,754
639
52,672

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure .
Interest
.
.
.
.
Temporary expense
Advanced dues .
Cash on hand Oct. 31, 1911

00
00
00
85
58
00
00
00
00
06
60
48
00
83

Reconciliation of Share Account with Dues
and Profits Capital.

e
Shares
Date of Issue. Series. peVralu
Share. in Force. Total Value..
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

of

E x a m in a t io n ,


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

March

1899
1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61

$204
194
183
173
163
153
144
134
125
116
108
99
91
83
75
67
60
52
45
38
32
25
18
12
6

Dues paid in advance .

82
15
75
53
59
81
29
96
87
98
31
84
52
42
51
78
26
90
76
74
00
23
71
32
09

189
265
200
245
161
216
198
231
240
258
379
340
399
467
679
569
756
635
860
893
759
980
1,147
1,149
1,272

$38,710
51,449
36,750
42,514
26,337
33,222
28,569
31,175
30,208
30,180
41,049
33,945
36,516
38,957
51,271
38,566
45,556
33,591
39,353
34,594
24,288
24,725
21,460
14,155
7,746

98:
75
00
85
99
96
42
76
80
84
49
60
48
14
29
82
56
50
60
82.
OO
40
37
68
48

3,214 00
$838,114 58

Dues capital
Profits capital

$367,289 40

D ate

295

8 , 9 , 10, 11, 13, 14.

$706,936 00
131,178 58
$838,114 58

296

REPORT OF THE

[Pub. Doc

WEST SOMERVILLE CO-OPERATIVE BANK, WEST SOMERVILLE.
413B HIGHLAND AVENUE.

Incorporated November 29, 1890.
J. W arr en B a il e y , President.

Began business December 11, 1890.

W insor L. Sn o w , Secretary.

W insoe L. Sn o w , Treasurer.

Board of Directors: J. W. B a il e y , H. F. B e c k le y , G. W. B e y a n t , Z. E. C liff , W. H. D olbe n , F. A. P.
F is k e , E. D . L aco u n t , F. H . M a e sh a ll , W . C. M e n t ze r , L. E M e e e y , O. H . P e e e y , D . E.
R obbin s , W. A. S n o w , W. L. Sn o w , E. Si Sp a e e o w , C. L . St e v e n s , F. F. St o c k w e l l , J. F.
T eeey.

Security Committee: L. E. M e e e y , E. S. Sp a e e o w , D . E. R ob bin s .
Auditor: G eoege W . M a n s o n .
Regular meetings for receipt of moneys the third Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid interest .
Unpaid fines
Temporary expense account
Cash

Liabilities.

.

$489,793
30,610
5,561
978
167
395
2,178

00
00
67
91
73
71
51

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Forfeited share account

.

$529,685 53

00
28
89
31
53
87
25
296 55
89 85

$529,685 53

Shares.

Issued during year
Withdrawn during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$438,026
80,969
2,595
3,568
4,031
107

Membership.

.
.

2,490
1,348
111

.
.

172
9,329
3,299

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

301
160
1,049
341

Profits Distributed.

First term, 2%%; second term, 114%; third term,
1M%.
Proportion of profits retained on voluntary withdrawals, 16%%.

Rates and Averages on Loans, October 31, 1911.

188

real estate loans (average, $2,605.28 each; average rate, 5.08%): 5%, $395,993; 5M%, $21,200; 514%,
$72,600.
153 share loans (average, $200.06 each; average rate, 5.17%); 5%, $19,179; 5 M%, $3,200; 5 14%, $7,536,
5%%, $150; 6%, $70; 6 14%, $225; 6%%, $250.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,800.00
3.39

Other Expenses.
Total.
$930.75
$2,730.75
1.75
5.14

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Temporary expense
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

$107,095 00
2,800
74,125
18,590
18S
26,374
754
3
1,217
22
72
14,315

00
00
10
33
03
77
00
90
S5
31
79

$245,559 08
D isbursements .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Surplus
.
.
.
.
Fines
.
.
.
.
Cash on hand Oct. 31, 1911

$47,328
15,991
25,564
7,357
5,517
9,279
104,700
14,176
223
2,753
5
10,478
5

00
00
00
63
73
86
00
10
29
60
63
23
32
18
2,178 51

$245,559 08

297

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value.
1899
19 $195 16
90
$17,564 40
1900
20
184 72
179
33,064 88
1900
21
174 51
251
43,802 01
22
1901
164 53
119
19,579 07
23
154 82
1901
133
20,591 06
1902
24
145 27
291
42,273 57
1902
25
135 98
198
26,924 04
1903
26
126 87
197
24,993 39
1903
27
18,522 86
117 98
157
1904
28
109 30
169
18,471 70
1904
29
18,446 40
90 80
183
1905
249
30
92 49
23,030 01
1905
31
353
84 40
29,793 20
32
1906
76 48
205
15,678 40
1906
33
259
17,806 25
68 75
1907
34
61 20
396
24,235 20
1907
35
443
23,846 69
53 83
1908
36
46 66
355
16,564 30
37
39 65
462
18,318 30
1908
1909
38
32 81
448
14,698 88
1909
39
649
16,964 86
26 14
1910
40
19 63
677
13,289 51
1910
41
951
12,629 28
13 28
42
1911
816
6.576 96
8 06
3,027 06
1911
43
5 02
603
992 00
44
496
1911
2 00

Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
Mar.
June
Sept.

Dues paid in advance .
Suspense dues

402 00
15 00
$522,101 28

Dues capital
Profits capital
Unpaid dues

$438,026 00
80,969 28
3,106 00
$522,101 28

D ate

op E x a m i n a t i o n ,


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

February

3 , 4 , 6 , 7.

298

WEST

REPO RT OF THE

SPRINGFIELD

CO-OPERATIVE

BANK,

[Pub. Doc.

WEST

SPRINGFIELD.

126 PARK STREET.

Incorporated April 8, 1897.
F eed H. Sib l e y , President.

Began business May 12, 1897.

John C. W orcester , Secretary.

H en r y E. S chmuck , Treasurer.

Board of Directors: C. E. B r o c k w a y , W. F. C ook , C. A. E dgerton , J. H. H e a l y , G. A. H il l , J. F,
M cC a r t h y , T. A. R ogers , A. F. R oyce , F. P. Sa rg ent , H. E. S chmuck , A. A. Sib l e y , F. H.
Sib l e y , J. C. W orcester , F. L. W or thy .
Security Committee: J. F. M cC a r t h y , T. A. R ogers , A. F. R oyce .
Auditors: W. J. E ldred , G. H. L uc a s , P. B. W h ee l er .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER
Assets.

$286,875
10,675
279
44
90
571

Loans on real estate
Loans on shares .
Unpaid interest .
Unpaid fines
Permanent expense account
Cash
.
.
.
.

00
00
80
40
25
31

31, 1911.

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.

Liabilities.

.

.

$298,535 76

.
.
.
.

00
42
06
28

$298,535 76

Membership.

Shares.

Issued during year
Withdrawn during year
Matured during year
In force Oct. 31, 1911
Pledged Oct. 31, 1911

$251,109
45,494
1,008
924

.
.
.
.
.

.
.
.
.

.

.
.
.
.

.

1,286
743
92
5,421
1,864

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

150
101
683
222

Profits Distributed.

First term, 2 }i% ; second term, 2 ^ % .
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

187 real estate loans (average, $1,534.09 each; average rate, 5%): 5%, $286,875.
38 share loans (average, $280.92 each; average rate, 5.67%): 5%, $3,425; 6%, $7,250,

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$625.00
2.09

Other Expenses.
$93.00
.31

Total.
$718.06
2.46

299

BAN K COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
.
Fines
.
.
.
.
.
Transfer fees
.
.
.
.
Security committee
Cash on hand Oct. 31, 1910

$64,969 00
1,100
48,000
9,875
14,312
253
6
51
351

00
00
00
35
59
50
00
37

$138,918 81
D isbursements .

Dues capital withdrawn
Dues capital matured .
Profits capital withdrawn
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Cash on hand Oct. 31, 1911

.
.

$36,643
13,514
6,475
4,868
67,375
8,575
177
718
571

00
00
82
74
00
00
94
00
31

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May
Nov.
May

1899
1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

6 $196 63
185 78
7
8
175 27
165 07
9
10
155 13
145 42
11
135 95
12
126 70
13
14
117 68
15
108 90
16
100 33
17
91 96
83 81
18
75 85
19
20
68 07
21
60 48
22
53 08
23
45 86
24
38 81
25
31 94
25 23
26
27
18 69
28
12 31
29
6 08

$138,918 81

Dues paid in advance .

Total Value.
82
99
92
56
65
88
52
89
140
192
65
150
84
204
241
210
231
310
428
421
399
485
605
633

$16,123
18,392
16,124
9,243
10,083
12,796
7,069
11,276
16,475
20,908
6,521
13,794
7,040
15,473
16,404
12,700
12,261
14,216
16,610
13,446
10,066
9,064
7,447
3,848

66
22
84
92
45
96
40
30
20
80
45
00
04
40
87
80
48
60
68
74
77
65
55
64

69 00
$297,461 42

Dues capital
Profits capital
Unpaid dues

$251,109 00
45,494 42
858 00
$297,461 42

D ate of E x a m in a t io n , November 13, 14.


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

REPO RT OF THE

300

[Pub. Doc.

WHITMAN CO-OPERATIVE BANK, WHITMAN.
570 W ASHINGTON STREET.

Incorporated March 6, 1889.
Julius C. G il be r t , President.

Began business March 11, 1889.

G eorge D . S ou le , Secretary.

G eorge D . S ou le , Treasurer.

Board of Directors: B. F. B o w k e r , W. H. C oo k , E. P. C opeland , A rthur C olem an , F. E. C um m in g s ,
A. L. C u r tis , D . C. D o n o v an , G. A. D orr , I. O. E stes , D . F. N u g en t , F. W . O sbor ne , G. L.
P a in e , EL D. R eed .
Security Committee: A rthur C olem an , G. A . D orr , G. D . S ou le .
Auditors: H. N. K e ith , C. F. R e e d , H. S. B a k e r .
Regular meetings for receipt of moneys the second Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Less amount due

$457,550 00
1,517 88

Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Cash
.
.
.
.

$456,032
15,445
4,198
311
110

12
00
00
77
65

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Forfeited share account
Matured share account

00
36
48
19
27
24

$476,097 54

$476,097 54

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$376,666
83,968
5,537
9,878
17
30

.
.
.
.

1,748
1,099
24
130
7,775
2,714

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

326
201
1,133
392

Profits Distributed.

First term, 3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

376 real estate loans (average ,$1,212.85 each; average rate, 6.30%): 6.30%, $456,032.12.
65 share loans (average, $237.61 each; average rate, 6.30%): 6.30%, $15,445.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
....................................... $1,233.90
.......................................
2.59

Other Expenses.
$608.73
1.28

Total.
$1,842.63
3.87

No. 8.]

BAN K COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.

R eceipts.
Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1910

$93,245 00
4,400 00
7,350
76,600
9,635
1,517
570
7,305
26,906
1,355
915
4
777
4
176
25,933
7,863

00
00
00
88
00
63
91
60
08
75
98
28
01
15
86

$264,561 13
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Cash on hand Oct. 31, 1911

$27,776
170
18,139
3,110
17
7,794
160,750
9,130
4,065
568
4,854
131
1,842
168
25,933
110

00
00
00
78
10
15
00
00
15
00
74
04
63
74
15
65

$264,561 13
D ate

of

E x a m in a t io n , September 5, 6.


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

301

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Sept.
Mar.
Nov.
May
Nov.
May

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

$200
188
177
166
156
145
135
126
116
107
98
89
80
72
64
56
49
41
34
25
18
12
6

Dues paid in advance .

31
83
66
80
23
95
88
08
55
23
19
41
88
59
57
78
20
84
70
52
85
38
10

Shares

Total Value.

112
114
180
145
92
125
208
110
203
169
169
326
311
392
419
261
295
444
807
712
679
712
790

$22,434
21,526
31,978
24,186
14,373
18,243
28,263
13,868
23,659
18,121
16,594
29,147
25,153
28,455
27,054
14,819
14,514
18,576
28,002
18,170
12,799
8,814
4,819

72
62
80
00
16
75
04
80
65
87
11
66
68
28
83
58
00
96
90
24
15
56
00

164 00
$463,742 36

Dues capital
Profits capital
Unpaid dues

$376,666 00
83,968 36
3,108 00
$463,742 36

302

[Pub. Doc.

REPO RT OF THE

t WINCHENDON CO-OPERATIVE BANK, WINCHENDON.
110 FRONT STREET.
Incorporated September 9, 1891.
C harles T . Stea r n s , President.

Began business September 16, 1891.

W aldo C. C o b e y , Secretary.

Silas A. G e e en w o o d , Treasurer.

Board of Directors: H. O. B a te m a n , R obebt C a l l a h a n , E. W. C ross , J. W. D a v en po rt , F. P.
F a ir b a n k s , R. B. G r ee n w o o d , A. S. L a m b , L. F. M a r t in , F. H. P a r k e r , E. R. P ollard , F. B.
S palter , T . C. Sp a r h a w k , E. S. T u c k e r , S. E. W h it e , B . M . W righ t .
Security Committee: A. S. L a m b , S. E. W h it e , H. O. B a te m a n .
Auditors: M. A. Y ou n g , H. H. E lliott .
Regular meetings for receipt of moneys the third Wednesday in each month.

STATEMENT OF CONDITION. OCTOBER 31. 1911.
Liabilities.

Assets.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Unpaid fines
.
.
.
.
Permanent expense account
.
Temporary expense account
.
C a s h ......................................

$174,695 00
7,740 00
55 88
10 00
15 75
1,783 69

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Withdrawal profits

.

Membership.

Shares.

.
.
.
.
.
.

00
27
78
38
13
04
72

$184,300 32

$184,300 32

Issued during year
.
Withdrawn during year
Forfeited during year .
Retired during year
.
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$153,959
26,702
1,215
1,243
1,133
45
1

.
.
.
.
.
.

.
.
.
.

. 3 9 1
.
426
5
46
2,985
1,074

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

42
50

412
162

Profits Distributed.

First term, ‘¿ X
A % ,' second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 10% on series less than 5 years old; after 5
years, none.

Rates and Averages on Loans, October 31, 1911.

160 real estate loans (average, $1,091.84 each; average rate, 5%): 5%, $174,695.
37 share loans (average, $209.19 each; average rate, 5%): 5%, $7,740.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

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

Salaries.
$367.00
1.99

Other Expenses.
$106.28
.58

Total.
$473.28
2.57

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
.
Withdrawal profits
Cash on hand Oct. 31, 1910

.
.

$36,334
22,260
6,605
8,810
281
1
58
2,645

00
00
00
27
99
00
22
94

$76,996 42
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Permanent expense
Cash on hand Oct. 31, 1911

.
.

$18,501
530
6,254
2,748
141
2,152
37,015
7,380
,«*7
473
10
1,783

00
00
00
31
75
10
00
00
29
28
00
69

303

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force. Total Value,
$355 60
2
Sept. 1900
19 $177 80
8,713 64
52
167 57
Mar. 1901
20
11,976 08
157 58
76
Sept. 1901
21
20,699 00
Mar. 1902
22
147 85
140
4,703 56
34
138 34
Sept. 1902
23
15,102 36
117
Mar. 1903
24
129 08
12,724 24
120 04
106
Sept. 1903
25
10,120 11
91
111 21
Mar. 1904
26
6,053 40
102 60
59
27
Sept. 1904
11,210 99
94 21
119
Mar. 1905
28
4,387 02
51
86 02
29
Sept. 1905
10,376 66
133
78 02
Mar. 1906
30
4,634 52
70 22
66
31
Sept. 1906
11,459 46
62 62
183
Mar. 1907
32
8,832 00
160
55 20
33
Sept. 1907
8,968 52
187
Mar. 1908
34
47 96
6,421 30
157
40 90
35
Sept. 1908
7,414 18
34 01
218
36
Mar. 1909
212
5,785 48
27 29
37
Sept. 1909
6,136 08
296
20 73
38
Mar. 1910
2,823 01
14 33
197
39
Sept. 1910
1,893 06
234
8 09
40
Mar. 1911
190 00
95
2 00
41
Sept. 1911
Dues paid in advance .

$76,996 42

498 00
$181,478 27

Dues capital
Profits capital
Unpaid dues

$153,959 00
26,702 27
817 00
$181,478 27

D ate op E x a m in a tio n , July 17, 18.


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Federal Reserve Bank of St. Louis

304

REPO RT OF TH E

[Pub. Doc.

WINCHESTER CO-OPERATIVE BANK, WINCHESTER.
LYCEUM BUILDING, M AIN STREET.

Incorporated November 13, 1893.
H ow ard D. N a sh , President.

Began business November 13, 1893.

G eorge E. P r at t , Secretary.

G eorge E. P r at t , Treasurer.

Board of Directors: John C h a il t s , G. A . F e rn a ld , J. J. F itzgerald , A l e x a n d e r F oster , Or., C. A.
G lea son , A. H . H ild r eth , C. C. M il le r , H. D. N a sh , S. E. N e w m a n , H e n r y N ic ke r so n ,
F. J. O ’H a r a , G eorge E. P r at t , S. S. S ym m es , N . H . T a yl o r .
Security Committee: N. H. T a yl o r , C. A. G l ea son , J. J. F itzgerald .
Auditors: D. W . P r at t , H. C. R o b inson , T, S. Spurr .
Regular meetings for receipt of moneys the first Monday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Loans on real estate
Less amount due
Loans on shares .
Cash

Liabilities.

$339,545 00
2,175 00
--------------

$337,370 00
5,550 00
10,216 43

$293,110
48,595
4,300
7,000
131

Dues capital
Profits capital
Guaranty fund
Surplus
Profit and loss

$353,136 43

$353,136 43

Shares.

Issued during year
.
Withdrawn during year
Retired during year
.
Matured during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.

.
.
.

.
.
.

00
25
00
00
18

.
.
.

.
.
.

.
.
.

2,490
.1,257
.
79
17
7,340
2,076

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

198
100
739
201

Profits Distributed.

First term, 2J/£%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 20% on series not over 6 years old; after 6
years, none.

Rates and Averages on Loans, October 31, 1911.

180 real estate loans (average, $1,874.28 each; average rate, 5.53%); 5.30%, $74,750; 5.50%, $210,680;.
6%, $51,940.
39 share loans (average, $142.31 each; average rate, 5.86%); 5.30%, $150; 5.50%, $1,300; 6%, $4,100.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$912.57
2.58

Other Expenses.
Total.
$750.35
$1,662.92
2.13
4.71

No. 8.]

BAN K COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Temporary expense
Profits capital .
.
.
Cash on hand Oct. 31, 1910

.
.
.
.
.

$87,343
52,400
7,430
17,970
388
1
336
10

00
00
00
02
08
00
76
00
45
5,772 93

$171,652 24
D isbursements .

Dues capital withdrawn
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Fines
.
.
.
.
Cash on hand Oct. 31, 1911

.
.
.

$36,921
11,012
2,518
5,165
3,758
894
92,725
6,665
102
1,672

00
00
00
18
28
88
00
00
97
92
58
10,216 43

305

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Date of Issue. Series. per
Share. inSForce. Total Value.
14 $186 02
May 1900
25
$4,650 50
Nov. 1900
72
15
175 57
12,641 04
May 1901
165 41
105
16
17,368 05
Nov. 1901
17
155 49
135
20,991 15
Ma y 1902
145 83
86
12,541 38
18
Nov. 1902
19
136 34
163
22,223 42
127 07
May 1903
20
53
6,734 71
Nov. 1903
21
118 03
169
19,947 07
183
May 1904
22
109 21
19,985 43
92
Nov. 1904
23
100 61
9,256 12
19,087 47
207
May 1905
24
92 21
Nov. 1905
25
84 02
16,635 96
198
May 1906
76 03
18,399 26
242
26
10,098 04
148
Nov. 1906
27
68 23
May 1907
28
60 62
208
12,608 96
277
14,736 40
Nov. 1907
29
53 20
16,867 32
45 96
367
May 1908
30
671
26,101 90
Nov. 1908
31
38 90
32 01
418
13,380 18
May 1909
32
17,778 87
25 29
703
Nov. 1909
33
11,687 52
624
May 1910
34
18 73
15,054 93
35
12 33 1,221
Nov. 1910
973
5,925 57
6 09
May 1911
36
Dues paid in advance .

270 00
$344,971 25

$171,652 24

Dues capital
Profits capital
Unpaid dues

$293,110 00
48,595 25
3,266 00
$344,971 25

D ate op E x a m in a tio n , September 25, 26, 27, 28.


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Federal Reserve Bank of St. Louis

306

REPO RT OF THE

[Pub. Doc

WINTER HILL CO-OPERATIVE BANK, SOMERVILLE.
84 BROADW AY.

Incorporated May 8, 1908.
C harles A . G rimmons , President.

Began business June 13, 1906.

R a y R . R ideou t , Secretary.

R a y R . R id e o u t , Treasurer.

Board of Directors: J. M . A n d r e w s , Jackson C a ld w e ll , L. B. C h an d l er , W . S. C l ar k e , B. F. F r ee ­
m a n , W . S. G lidden , C. A . G rimmons , S. B. K e e n e , J. A . K il e y , R. M . L av en d e r , G. S. L ove joy , C. F. M ag u ir e , J. S. N e w c om b , F. E. P orter , W . F. R em ic k , S. M . R ic h , R. R. R ideou t ,
A . P. Sto n e , W . L. W a u g h .

Security Committee: J M . A n d r e w s , W . S. G lidden , G. S. L ovejoy , J. S. N ew com b , L. B, C h an d l er .
Auditors: A . P. St o n e , S. B. K e e n e .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans on real estate
Loans on shares .
Real estate by foreclosure, etc.
Temporary expense account
Cash
.
.
.
.

.

$302,850
15,115
5,746
405
2,776

00
00
28
64
95

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account
Security committee

.
.
.
.
.
.

$326,893 87

$296,366
24,522
1,200
1,057
3,171
153
200
59
162

00
61
00
33
66
82
84
16
45

$326,893 87

Shares.

Membership.

Issued during year
Withdrawn during year
Forfeited during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

4,437
1,996
13
. 11,282
. 2,411

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

518
243
1,300
203

Profits Distributed.

First term, 1\i%\ second term, 1M%; third term,
1J4%; fourth term, l\i%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

125 real estate loans (average, $2,422.80 each; average rate, 5.50%); 5%, $67,450; 53di%, $166,300; 6%,
$69,100.
78 share loans (average, $193.78 each; average rate, 6%): 6%, $15,115.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

.

.

.

Salaries.
$1,485.00
4.54

Other Expenses.
$912.09
2.79

Total.
$2,397.09
7.33

No. 8.]

BANK COMMISSIONER.

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
.
Real estate loans repaid
Share loans repaid
Interest
Fines
.
.
.
.
Withdrawal profits
Forfeited share account
Security committee
Cash on hand Oct. 31, 1910

$121,747 00
5,200
39,500
8,470
15,638
646
811
39
78
762

00
00
00
61
80
19
11
00
52

$192,893 23
D isbu rsem ents .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
.
.
.
Real estate by foreclosure
Temporary expense
Forfeited share account
Security committee
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

.

.

$44,005
38
3,249
8
123,400
11,060
5,746
2,397
173
14
25
2,776

00
00
15
25
00
00
28
09
51
00
00
95

$192,893 23

307

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.

1906
1906
1906
1907
1907
1907
1907
1908
1908
1908
1908
1909
1909
1909
1909
1910
1910
1910
1910
1911
1911
1911

1
2
3
4

5
6

7
8
9
10
11
12

13
14
15
16
17
18
19
20
21
22

$73
69
65
62
58
54
51
47
44
40
37
33
30
27
23
20
17
14
11
8
5

20
49
81
13
47
82
23
68
17
70
26
87
51
19
90
67
47
30
17
08
02

2 00

Dues paid in advance .

Shares
1,238
138
170
513
228
207
160
355
221

204
145
348
331
308
262
1,040
637
730
739
1,477
798
1,033

$90,621
9,589
11,187
31,872
13,331
11,347
8,196
16,926
9,761
8,302
5,402
11,786
10,098
8,374
6,261
21,496
11,128
10,439
8,254
11,934
4,005
2,066

60
62
70
69
16
74

80
40
57

80
70
76
81
52
80
80
39
00
63
16
96
00

1,003 00
$323,390 61

Dues capital
Profits capital
Unpaid dues

$296,366 00
24,522 61
2,502 00
$323,390 61

D ate of E x a m in a t io n , May 29, 30.


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Federal Reserve Bank of St. Louis

REPO RT OF THE

308

[Pub. Doc.

WINTHROP CO-OPERATIVE BANK, WINTHROP.
73 JEFFERSON STREET.

Incorporated February 15, 1907.
F r an k F. C ook , President.

Began business March 13, 1907.

A lmon E. W h ittem ore , Treasurer.
A lmon E. W h ittem ore , Secretary.

Board of Directors: H. W. A ik e n , H. M. B elcher , M. A. B elcher , F. F. C ook , A. T. C um mings ,
E. E. D a w s o n , H. G. F l in n , D a vid F loyd , Jerem iah G r e e n , L. E. G r iffin , L. T. H arrin gto n ,
A. F. H e n r y , C h a n n in g H o w ar d , H enr y H utch inson , W. G. M cN e il , J. L. N e w t o n , A. C. J.
P ope , E. A. T homas , A. E. W h ittem ore , H. J. W right .
Security Committee: W. G. M cN e il , H . J. W righ t , E. A. T homas , Jerem iah G r e e n , H . M. B elcher .
Auditors: H. G. F l in n , L. E. G r iffin .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Loans on shares .
Temporary expense account
Cash
.
.
.
.

.

$300,467
10,950
436
4,045

60
00
45
75

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited share account
Security committee

00
10
34
85
69
98
50
212 78
724 56
5 00

$315,899 80

$315,899 80

Membership

Shares.

Issued during year
Withdrawn during year
Forfeited during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$284,075
24,472
1,197
1,767
3,340
103

.
.

3,293
1,920
41
. 10,071
. 2,094

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

340
231
1,083
159

Profits Distributed.

First term, 1%%; second term, 1%%; third term,
fourth term, V/%%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

117 real estate loans (average, $2,568.09 each; average rate, 5.99%); 5%, $2,000; 6%, $297,967.60; 7%,
$500.
42 share loans (average, $260.71 each; average rate, 6%); 6%, $10,950.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$1,117.00
3.53

Other Expenses.
Total.
$906.29
$2,023.29
2.87
6.40

BANK COMMISSIONER,

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Withdrawal profits
Forfeited profits .
.
.
Temporary expense
Forfeited share account
Security committee
Surplus
.
.
.
.
Cash on hand Oct. 31, 1910

.
.
.
.
.

.

$113,914
31,800
7,545
16,646
516
3
790
22
40
948
65
1
3,908

00
00
00
18
14
00
91
70
00
73
00
79
01

$176,201. 46

D is b u b s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Profits capital forfeited
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Forfeited share account
Security committee
Cash on hand Oct. 31, 1911

.
.

$42,443
944
3,170
90
110,622
12,115
22
2,023
654
70
4,045

00
00
37
76
60
00
63
29
06
00
75

$176,201 46

D a te op E x a m in a tio n , August 3, 4.


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

309

Reconciliation of Share Account with Dues
and Profits Capital.

Value
Shares
Date of Issue. Series. per
Share. in Force Total Value.
Mar. 1907
$62 89 1,560
1
$98,108 40
59 14
June 1907
2
313
18,510 82
Sept. 1907
55 43
3
258
14,300 94
51 76
Dec. 1907
4
316
16,356 16
Mar. 1908
5
48 15
332
15,985 80
44 58
June 1908
6
275
12,259 50
Sept. 1908
41 05
259
7
10,631 95
Dec. 1908
37 57
8
670
25,171 90
Mar. 1909
9
34 12
611
20,847 32
June 1909
10
30 72
447
13,731 84
11
27 37
323
Sept. 1909
8,840 51
12
24 05
Dec. 1909
426
10,245 30
Mar. 1910
13
20 78
535
11,117 30
17 55
14
June 1910
375
6,581 25
14 36
15
447
6,418 92
Sept. 1910
11 21
16
Dec. 1910
757
8,485 97
8 10 1,110
Mar. 1911
17
8,991 00
18
5 03
474
June 1911
2,384 22
Sept. 1911
19
2 00
583
1,166 00
Dues paid in advance .

606 00
$310,741 10

Dues capital
Profits capital
Unpaid dues

$284,075 00
24,472 10
2,194 00
$310,741 10

[Pub. Doc.

REPO RT OF THE

310

WOBURN CO-OPERATIVE BANK, WOBURN.
316 M AIN STREET.

Incorporated February 21, 1887.
Jam es Sk in n e r , President.

Began business March 10, 1887.

A rthur E . G a g e , Secretary.

A rthur E . G a g e , Treasurer.

Board of Directors: F. J. B r o w n , G eorge B u c h a n a n , J. C. B u c k , E dw ard C a l d w e l l , W . F. D a y is ,
J. F. D e la n d , H. B. D o w , A. E . G a g e , F. W . G r ey d o n , A. H. L inscott , John M a l o n e y , J. F.
M c G r at h , J. H. P a r k e r , W . A. P r ior , L a w r e n ce R ea de .
Security Committee: F. W . G r eydo n , F. J. B r o w n , J. H. P a r k e r .
Auditors: M arcellus L ittlefield , C arl Ja q u it h , R . E . W alsh .
Regular meetings for receipt of moneys the second Thursday of each month.

STATEMENT OF CONDITION, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans on real estate
Less amount due

$533,925 00
13,014 89
------------Loans on shares .
.
.
.
Unpaid interest .
.
.
.
Temporary expense account
.
Insurance and taxes paid
.
.
C a s h .......................................

$520,910 11
15,020 00
498 53
286 53
44 40
17,882 37

Dues capital
Profits capital
Guaranty fund .
Surplus
.
.
.
.
Interest
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited share account

00
01
75
92
80
90
92
75
372 73
7 16

$554,641 94

$554,641 94

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$435,336
89,531
12,785
13,334
3,011
153
107

.

.
.

2,234
773
12
179
9,945
2,971

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

265
132
1,332
456

Profits Distributed.

First term, 3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

426 real estate loans (average, $1,253.34 each; average rate, 6.30%); 6.30%, $520,910.11.
46 share loans (average, $326.52 each; average rate, 6.30%); 6.30%, $15,020.

Total Expenses for Year.

Amount paid for .
.
Cost per $1,000 of assets


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

Salaries.
$1,985.01
3.58

Other Expenses.
Total.
$761.80
$2,746.81
1.37
4.95

311

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1 9 li.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Uncompleted mortgage loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Insurance and taxes
Cash on hand Oct. 31, 1910

$111,294 00
2,300 00
13,650
67,525
4,895
35,988
1,350
2,134
32,326
1,652
1,093
5
1,216
14
307
7,605

00
00
00
68
00
26
61
60
88
25
51
46
65
06

$283,358 96
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Uncompleted mortgage loans
Real estate by foreclosure
Temporary expense
Taxes
.
.
.
.
Cash on hand Oct. 31, 1911

$29,769
394
25,776
4,858
57
10,865
153,950
4,815
30,065
2,134
2,746
44
17,882

00
00
00
39
66
19
00
00
88
26
81
40
37

$283,358 96
D a te op E x a m in a t io n , July 10, 11.


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

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. pH ?are. Æ f e . Total Value.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

27 $194 54
183 43
28
172 60
29
162 04
30
31
151 74
32
141 71
33
131 96
34
122 44
35
113 20
36
104 23
95 46
37
86 96
38
39
78 67
40
70 60
41
62 74
42
55 08
47 65
43
44
40 40
45
33 34
46
26 49
47
19 84
13 38
48
49
7 10
1 00
50

Dues paid in advance .

112
103
289
98
177
117
240
164
364
247
347
49
235
243
539
477
557
612
516
644
932
933
1,145
805

$21,788
18,893
49,881
15,879
26,857
16,580
31,670
20,080
41,204
25,744
33,124
4,261
18,487
17,155
33,816
26,273
26,541
24,724
17,203
17,059
18,490
12,483
8,129
805

48
29
40
92
98
07
40
16
80
81
62
04
45
80
86
16
05
80
44
56
88
54
50
00

574 00
$527,712 01

Dues capital
Profits capital
Unpaid dues

$435,336 00
89,531 01
2,845 00
$527,712 01

312

REPORT OF THE

[Pub. Doc.

WOLLASTON CO-OPERATIVE BANK, QUINCY.
307 NEWPORT AVENUE.

Incorporated April 8, 1889.

Began business April 16, 1889.

H erbert T . W h itm an , President.
H erbert W . P in k h a m , Treasurer.
H erbert W . P in k h a m , Secretary.

Board of Directors: C. S. A dams , C. W . B a il e y , A . L. B a k e r , F. H . B ishop , S. F. C opeland , T homas
L a c e y , A . T. L e a v it t , C. A . M a cfarland , A rthur M u r p h y , N . G. N icker so n , A. G. O l n e y ,
W. S. P in k h a m , R. W . P oole , F. B. S m ith , G. E. T h om as , G eorge W e ston , C. F. W il d e , G. D .
W oodbury .

Security Committee: A. L. B a k e r , N. G. N icker so n , C. A. M acfarland .
Auditors: G. W. B e n n e t t , P. L. D a v idson , G. R. T hompson .
Regular meetings for receipt of moneys the third Tuesday of each month.

STATEM ENT

OF CONDITION,

OCTOBER

Loans on real estate
Loans on shares .
Common form mortgages
Unpaid fines
Temporary expense account
Cash
.
.
.
.

31,

1911.

Liabilities.

Assets.

.

$692,250
36,115
250
189
316
23,956

00
00
00
12
27
96

Dues capital
.
.
Profits capital
.
.
Guaranty fund .
.
Surplus
.
.
.
Interest
.
.
.
Premiums .
.
.
Transfer fees
.
.
Withdrawal profits

.
.
.
.
.
.
.

.
.
.
.
.
.
.

$753,077 35

00
44
00
63
24
45
1 75
154 84

$753,077 35

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

$617,119
117,679
9,400
7,484
1,237

.
.

3,824
1,540
13
106
173
. 14,644
. 4,154

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

378
184
1,568
399

Profits Distributed.

First term, 2%%; second term, 2%%

Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

406 real estate loans (average, $1,705.05 each; average rate, 5.60%); 5H%, $506,250; 5 %%, $112,400;
6%, $56,500; 6M%. $11,900; 6.30%, $900; 6}4%, $1,500; 7 ^ % , $2,600; 8%, $200.
157 share loans (average, $230.03 each; average rate, 5.70%): 5 Yf/0, $16,495; 5 M%, $12,495; 6%, $4,950;
QYi%, $1,925; 6%%, $250.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

Salaries.
$2,178.03
2.89

Other Expenses.
Total.
$1,342.36
$3,520.39
1.78
4.67

No. 8.]

BANK COMMISSIONER,

Receipts and Disbursements, Year ending
October 31, 1911.
R e c e ip t s .

Dues capital
Real estate loans eliminated
^ maturity of shares .
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Premiums .
.
.
.
Fines
.
.
.
.
Transfer fees
Withdrawal profits
Forfeited profits .
Retired share account .
Matured share account
Security committee
Cash on hand Oct. 31, 1910

$161,102 00
by

4,050
70,925
17,970
39,879
5
1,478
9
1,096
28
18,788
29,578
405
9,304

00
00
00
14
00
91
75
82
86
02
82
00
79

$354,622 11
D isbursements .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Interest
.
.
.
.
Temporary expense
Retired share account .
Matured share account
Security committee
Cash on hand Oct. 31, 1911

$41,255
754
14,947
24,903
4,502
115
5,470
10,022
147,900
28,205
297
3,289
18,788
29,578
636
23,956

00
00
00
00
61
70
40
64
00
00
57
39
02
82
00
96

$354,622 11
D a te op E x a m in a t io n , September 25, 26.


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

313

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series. Value
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

23
24

25
26

27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46

$191
180
170
159
149
139
130
120
111
103
94
86
77
69
62
54
47
40
33
26
19
13
7
1

Dues paid in advance .

64
63
03
63
57
78
24
95
91
07
47
09
97
99
23
68
32
16
18
39
78
35
09
00

Shares
in Force. Total Value.
211
$40,436 04
208
37,571 04
173
29,415 19
270
43,100 10
256
38,289 92
217
30,332 26
312
40,634 88
162
19,593 90
322
36,035 02
225
23,190 75
342
32,308 74
408
35,124 72
577
44,988 69
518
36,254 82
636
39,578 28
563
30,784 84
802
37,950 64
765
30,722 40
792
26,278 56
969
25,571 91
1,407
27,830 46
1,281
17,101 35
1,877
13,307 93
1,351
1,351 00
920 00
$738,673 44

Dues capital
Profits capital
Unpaid dues

$617,119 00
117,679 44
3,875 00
$738,673 44

314

REPO RT OF THE

[Pub. Doc.

WORCESTER CO-OPERATIVE BANK, WORCESTER.
390 M AIN STREET.

Incorporated October 19, 1877.
Steph en C. E a e l e , President.

Began business October 19, 1877.

G eobge O. B eidges , Secretary.

G eobge O. B eidges , Treasurer.

Board of Directors: D avid A e m it ag e , M. S. B e a m a n , A . L. B e m is , H e n e y B e a n n o n , G. W. B books ,
E a e le B r o w n , L. L. C o n an t , H . E . F a y e b w e a t h e b , W illiam F o esbeeg , H e n e y H a g u e , J. J.
H ig g in s , Joseph Ja ck son , L u d w ig Johnson , C h eistian N e lso n , D a n ie l P a b l in .

Security Committee: H e n e y B e a n n o n , M. S. B e a m a n , G. O. B e id g e s .
Auditors: C. F. P ie b c e , E. E. T hompson , N. G. W illia m s .
Regular meetings for receipt of moneys tbe fourth Tuesday of each month.

STATEMENT

OF CONDITION,

OCTOBER

Assets.

Loans on real estate
Loans on shares .
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest .
Temporary expense account
Insurance and taxes paid
Cash .
.
.
.
.

31,

1911.

Liabilities.

.

$861,000
35,865
1,750
13,838
47
164
49
22,128

00
00
00
47
17
99
66
24

Dues capital
.
.
.
Profits capital
.
.
.
Guaranty f und .
.
.
Surplus
.
.
.
.
Fines
.
.
.
.
Transfer fees
.
.
.
Forfeited share account
Security committee
Suspense account

.
.
.
.
.
.

$934,843 53

$764,288
153,910
5,980
9,497
176
1
951
6
32

00
26
00
17
41
00
25
90
54

$934,843 53

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

.
.

3,380
1,832
72
530
61
. 16,756
. 5,116

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

262
198
1,734
418

Profits Distributed.

First‘term, 2%%; second term, 2%%.

Proportion of profits retained on voluntary withdrawals, 50% of last dividend.

Rates and Averages on Loans, October 31, 1911.

341

r ea l estate loa n s

(average, $2,524.93 each; average rate, 5.32%); 5%, $492,200; 5 } 4 % , $15,100; 5 1 4 % ,
$42,950; 5^ % , $16,700; 5 V2%, $47,200; 5^g%, $27,100; 5 ^ % , $14,550; 6%, $180,700; 6^ % ,

114

sh a re lo a n s

$21,200; 6^%, $2,100; 6^%, $200;

7*4% ,

$1,000.

(average, $314.60 each; average rate, 5.29%); 5%, $19,100; 51 4 % , $800; 5 K%> $4,400;
oVs%, $3,250; oV2%, $400; 5^ % . $1,250; 5M%, $100; 6%, $5,215; 6)4%, $900; 6^ % , $50; 6 ^ % .
$300; 7%, $50; 7K % , $50.
Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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

ÏSalaries.
$1,724.67
1.84

Other Expenses.
Total.
$606.54
$2,331.21
.65
2.49

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate 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
Security committee
Insurance and taxes
Suspense account
Cash on hand Oct. 31, 1910

$194,092 00
7,900 00
12,100
123,400
24,700
50
15,590
47,298
1,852
17
982
16
693
196
153
56
29,227

00
00
00
00
95
61
50
00
74
85
66
50
42
52
16

$458,327 91
D isbu bsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital retired
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital retired .
Profits capital matured
Real estate loans
Share loans
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Forfeited share account
Security committee
Insurance and taxes
Suspense account
Cash on hand Oct. 31, 1911

$69,699
962
65,444
8,614
11,790
126
23,755
3,616
217,200
21,100
1,800
8,100
571
2,331
698
209
124
56
22,128

00
00
00
00
37
11
93
64
00
00
00
68
26
21
26
01
68
52
24

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.

J*™

April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.
April
Oct.

5
109
127
503
510
320
487
509
435
364
408
380
496
486
641
802
1,187
1,016
1,216
1,374
1,271
1,479
1,628
1,003

1900
1900
1901
1901
1902
1902
1903
1903
1904
1904
1905
1905
1906
1906
1907
1907
1908
1908
1909
1909
1910
1910
1911
1911

40 $197 36
41
185 75
42
174 48
163 54
43
152 91
44
45
142 59
46
132 58
122 84
47
48
113 42
104 28
49
95 40
50
51
86 78
52
78 42
53
70 33
54
62 45
54 79
55
56
47 36
40 16
57
58
33 15
59
26 36
19 76
60
61
13 34
62
7 09
1 00
63

Dues paid in advance .
Suspense dues

Total Value.
$986
20,246
22,158
82,260
77,984
45,628
64,566
62,525
49,337
37,957
38,923
32,976
38,896
34,180
40,030
43,941
56,216
40,802
40,310
36,218
25,114
19,729
11,542
1,003

80
75
96
62
10
80
46
56
70
92
20
40
32
38
45
58
32
56
40
64
96
86
52
00

629 00
30 00
$924,199 26

Dues capital
Profits capital
Unpaid dues

$458,327 91
D ate op E x a m in a t io n , May 1, 2, 4, 5, 8, 11, 12.


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

315

$764,288 00
153,910 26
6,001 00
$924,199 26

REPORT OF THE

316

[Pub. Doc.

WORKINGMEN S CO-OPERATIVE BANK, BOSTON.
101 TREMONT STREET.

Incorporated June 9, 1880.
Jambs D . M cL e l l a n , President.

Began business June 11, 1880.

F b a n k E . B u r b a n k , Secretary.

F r an k E . B u r b a n k , Treasurer.

Board of Directors: A. T. B a k e r , D . M . B lair , J. W . B laisdell , J. E . G a s k in , F. E . G ordon , S. N.
M iller , J. B. N e a g le , C. M . N ichols , G. S. N o w e l l , R . J. R odday , H. A. R oot , F. B. Se a rs ,
A . P. St o n e , E . W . V in a l , W illiam W a l d e n , J. W . W e b b , W . C. W r y e .
Security Committee: H. A. R oot , C. M . N ichols , R . J. R odday , J. E . G a s k in , S. N . M il le r .
Auditor: W alter C. W r y e .
Regular meetings for receipt of moneys the second Friday of each month.

STATEM ENT

OF CONDITION,

OCTOBER 31, 1911.
Liabilities.

Assets

Loans on real estate
Loans on shares .
Temporary expense account
Personal accounts
Insurance and taxes paid
Office furniture .
Cash

$2,570,535
48,500
1,992
101
294
1,653
84,878

00
00
66
78
19
00
30

Dues capital
Profits capital
Guaranty fund .
Surplus
Interest
Fines
Forfeited share account
Personal accounts
Security committee
Profit and loss

$2,285,626
342,609
44,700
18,332
14,959
313
707
201
207
297

$2,707,954 93

$2,707,954 93

Membership.

Shares.

Issued during year
Withdrawn during year
Forfeited during year
Matured during year
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

00
83
00
05
75
84
47
42
50
07

. 19,454
. 12,200
222
738
. 59,607
. 15,450

Added during year
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.
.
.
.

1,752
1,050
6,500
1,288

Profits Distributed.

First term, 1%%; second term, lYs%; third term,
lVs%; fourth term, 1% % .
Proportion of profits retained on voluntary withdrawals, none.

Rates and Averages on Loans, October 31, 1911.

1,204 real estate loans (average, $2,134.99 each; average rate, 5.08%): 5%, $2,280,235; 5 14%, $67,100;
5 ^ % , $80,400; 5%%, $26,300; 6%, $76,250; 6%%, $31,200; 6 ^ % , $5,050; 6%%, $4,000.
268 share loans (average, $180.97 each; average rate, 5.30%); 5%, $32,850; 5 }i%> $2,250; 5J^%, $3,450;
5%%, $1,400; 6%, $2,250; 6M%. $3,200; &Vi%, $1,950; 6M%- $950; 7 M%, $200.

Total Expenses for Year.

Amount paid for .
Cost per $1,000 of assets


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Federal Reserve Bank of St. Louis

Salaries.
$7,147.00
2.64

Other Expenses.
Total.
$2,982.45
$10,129.45
1.10
3.74

BAN K COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year ending
October 31, 1911.
R eceipts .

Dues capital
Real estate loans eliminated by
foreclosure
Real estate loans eliminated by
maturity of shares .
Real estate loans repaid
Share loans repaid
Mortgages .
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Fines
.
.
.
.
Temporary expense
Forfeited share account
Matured share account
Personal accounts
Office furniture .
Profits capital
Surplus
.
.
.
.
Profit and loss
Cash on hand Oct. 31, 1910

$679,773 00
9,150 00
23,200
326,600
58,350
1,716
10,030
132,055
5,137
979
1,495
• 121,233
6,870
444
6
75
1,095
75,135

00
00
00
00

17
80
53
40
60
97
89
00

17
11
50
94

$1,453,349 08
D isbubsem ents .

Dues capital withdrawn
Dues capital forfeited .
Dues capital matured .
Profits capital withdrawn
Profits capital forfeited
Profits capital matured
Real estate loans
Share loans
Fines
.
.
.
.
Real estate by foreclosure
Interest
.
.
.
.
Temporary expense
Office furniture .
Forfeited share account
Matured share account
Personal accounts
Profit and loss
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

$349,106
3,907
109,826
46,638
515
38,037
611,475
56,600
23
10,030
648
11,108
398
1,556
121,233
6,910
5
449
84,878

00
00
00

81
17
65
00
00
12

17
76
85
51
35
97
86
56
00

30

----------- -------------

$1,453,349 08

317

Reconciliation of Share Account with Dues
and Profits Capital.

Date of Issue. Series.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar,
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.

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
1908
1908
1908
1908
1909
1909
1909
1909
1910
1910
1910
1910
1911
1911
1911

Value

53 $200 51
54
195 20
55
189 97
56
184 79
57
179 66
58
174 63
59
169 63
60
164 70
61
159 81
62
155 00
63
150 24
64
145 54
65
140 92
66
136 34
67
131 81
68
127 36
69
122 95
70
118 58
71
114 27
72
109 99
73
105 75
74
101 58
75
97 45
76
93 37
77
89 34
78
85 34
79
81 38
80
77 48
81
73 63
82
69 81
83
66 05
84
62 32
85
58 64
86
54 99
87
51 38
88
47 81
89
44 28
90
40 79
91
37 34
92
33 93
93
30 56
94
27 23
95
23 94
96
20 69
97
17 48
98
14 31
99
11 18
100
8 08
101
5 02
102

2 00

Dues paid in advance .

Shares
177
$35,490 27
182
35.526 40
164
31,155 08
259
47,860 61
178
31,979 48
216
37,720 08
281
47,666 03
367
60,444 90
234
37,395 54
289
44,795 00
384
57,692 16
456
66,366 24
234
32,975 28
413
56,308 42
407
53,646 67
370
47,123 20
363
44,630 85
402
47,669 16
568
64,905 36
528
58,074 72
410
43,357 50
503
51,094 74
816
79,519 20
709
66,199 33
647
57,802 98
582
49,667 88
623
50,699 74
1,048
81,199 04
747 ■ 55,001 61
1,050
73,300 50
1,027
67,833 35
1,299
80,953 68
983
57,643 12
939
51,635 61
1,251
64,276 38
1,380
65,977 80
1,315
58,228 20
1,565
63,836 35
1,890
70,572 60
1,986
67,384 98
1,675
51,188 00
2,381
64,834 63
2,406
57,599 64
3,509
72,601 21
2,577
45,045 96
3,289
47,065 59
3,611
40,370 98
4,868
39,333 44
3,717
18,659 34
4,332
8,664 00
4,635 00
$2,645,607 83

Dues capital
Profits capital
Unpaid dues

. $2,285,626 00
342,609 83
17,372 00
$2,645,607 83

D ate of E x a m in a t io n , March 27, 28, 29, 30, 31.


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Federal Reserve Bank of St. Louis

318

REPORT OF THE

[Pub. Doc.

WRENTHAM CO-OPERATIVE BANK, WRENTHAM.
SOUTH STREET.

Incorporated February 26, 1901.
E lbridge J. W h it a k e r , President.

Began business March 13, 1901.

James E . C arpenter , Treasurer.
Ja m es E . C a r p e n t e r , Secretary.

Board of Directors: F. L. B latchford , H. A . C o w e n , D . S. F arr in gto n , G. P. F r an cis , G . W . G il «
m ore , O. J G oodspeed , L. F. P e r r y , D . S. Sto n e , A rtemas W illar d .
Security Committee: H. A . C o w e n , A rtemas W illar d , L. F. P e r r y .
Auditors: D . T. St o n e , H. V . H a l l , F. E . G ilm ore .
Regular meetings for receipt of moneys the second Wednesday of each month.

STATEM ENT

OF CONDITION,

OCTOBER 31,

Assets.

1911.

Liabilities.

Loans on real estate .
.
.
Loans on shares .
.
.
.
Personal account
.
.
.
C a s h .......................................

$46,650
3,195
20
2,475

00
00
00
65

Dues capital
.
.
.
Profits capital .
.
.
Guaranty fund .
.
.
Surplus
.
.
.
.
Interest
.
.
.
.
.
Fines
.
.
.
.
"Withdrawal profits
.
.
Forfeited share account
.

.
.
.
.
.
.
.

$41,398
7,751
184
1,670
534
3
45
752

.

$52,340 65

$52,340 65

Shares.

Issued during year
.
Withdrawn during year
Forfeited during year .
In force Oct. 31, 1911 .
Pledged Oct. 31, 1911 .

Membership.

.
.
.
.
.

00
64
40
48
77
32
88
16

.
.
.

.
.

.
.
.

.
.

141
57
21
814
308

Added during year
.
Withdrawn during year
Members Oct. 31, 1911
Borrowers Oct. 31, 1911

.

.
.
.

.

.
.

.
.
.

.
.

16
17
136
51

Profits Distributed.

First term, 2(^%; second term, V/%%.
Proportion of profits retained on voluntary withdrawals, 25%.

Rates and Averages on Loans, October 31, 1911.

45 real estate loans (average, $1,036.67 each; average rate, 6%): 6%, $46,650.
13 share loans (average, $24§.77 each; average rate, 6%): 6%, $3,195.

Total Expenses for Year.

Salaries.
Amount paid for .
Cost per $1,000 of assets


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Federal Reserve Bank of St. Louis

$100.00
1.91

Other Expenses.
$10.28

Total.
$110.28

.20

2.11

BANK COMMISSIONER.

No. 8.]

Receipts and Disbursements, Year' ending
October 31, 1911.
R e c e ip t s .

Dues capital
.
.
.
Real estate loans repaid
Share loans repaid
Interest
.
.
.
.
Fines
.
.
.
.
Withdrawal profits
Forfeited share account
Profits capital .
.
.
Cash on hand Oct. 31, 1910

.
.
.
.

$9,388
2,625
1,337
2,754

00
00
00
60

30 77

172
752
1
3,851

85
16
05
75

$20,913 18
D is b u r s e m e n t s .

Dues capital withdrawn
Dues capital forfeited .
Profits capital withdrawn
Real estate loans
Share loans
.
.
.
Interest
.
.
.
.
Temporary expense
Personal accounts
Surplus
.
.
.
.
Cash on hand Oct. 31, 1911

.
.
.

$2,952
652
714
12,750
1,247
1
110
10
1
2,475

00
00
20
00
00
00
28
00
05
65

$20,913 18

319

Reconciliation of Share Account with Dues
and Profits Capital.

Shares
Value
Date of Issue. Series. per
Share. in Force. Total Value.
$12,352 82
74
Mar. 1901
1 $166 93
14
2,200 94
2
157 21
Sept. 1901
2,656 62
147 59
18
Mar. 1902
3
2,485 98
18
4
138 11
Sept. 1902
1,804 04
14
Mar. 1903
5
128 86
1,198 40
10
6
119 84
Sept. 1903
26
2,886 78
111 03
Mar. 1904
7
2,253 68
22
8
102 44
Sept. 1904
2,539 62
94 06
27
Mar. 1905
9
85 88
1
10
85 88
Sept. 1905
2,882 30
37
11
Mar. 1906
77 90
1,963 36
12
28
70 12
Sept. 1906
2,126 02
34
62 53
Mar. 1907
13
2,094 56
14
38
55 12
Sept. 1907
1,149 36
24
Mar. 1908
15
47 89
1,633 60
40
Sept. 1908
16
40 84
54
1,833 84
Mar. 1909
17
33 96
1,962 00
72
18
27 25
Sept. 1909
1,221 30
Mar. 1910
19
59
20 70
1,287 90
90
20
14 31
Sept. 1910
670 64
Mar. 1911
21
8 08
83
62 00
22
2 00
31
Sept. 1911
Dues paid in advance .
Suspense dues

54 00
8 00
$49,413 64

Dues capital
Profits capital
Unpaid dues

$41,398 00
7,751 64
264 00
$49,413 64

D ate of E x a m in a t io n , September 19, 20.


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Federal Reserve Bank of St. Louis

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

STATEMENTS
OF

CREDIT


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Federal Reserve Bank of St. Louis

UNIONS.


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Federal Reserve Bank of St. Louis

AMERICAN EXPRESS EMPLOYEES’ CREDIT UNION, BOSTON.
43 FRANKLIN STREET.

Incorporated September 6, 1911.

Began business September 16, 1911.

W illiam A. M oeeis , President.
W illiam J. Stan to n , Treasurer.
L l ew el l yn F. P eescott , Clerk of Corporation.

Board of Directors: J. B. D a v ie s , E . M . D un m obe , H. F. F e e n ch , E . D e Z. K e ll e y , H. C. L eon a e d ,
W. A. M oeeis , I. A. N e w e l l , L. F. P eescott , F. H . S leepee , W . H. Spokesfield , W . J. St an ­
to n , D. B. S yd le m an , C laeence T uc keb , O. D. T uttle , R. P. W oodman .
Credit Committee: E. D . C a ll a h a n , A. S. H il l , G. L. M a e ge so n , W. V. V. M a e sh , C. E. Shackfoed .
Supervisory Committee: C. T . B u sh , C. H . E m e e y , C. W. R obie .

BALANCE SHEET, OCTOBER 31, 1911.
Liabilities.

Assets.

$642 25
121 96
684 59

Loans
Expense account
Cash

Shares
Deposits
Guarantee fund
Earnings

$1,448 80

$1,193
226
24
4

50
65
40
25

$1,448 80

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
.
.
Deposits .
.
Repaid loans
Entrance fees
Interest
.
.
Other receipts

.
.

.
.

.

.

$1,193
226
38
24
4

50
65
75
40
20
05

D isbu ese m e n t s .

Loans
.
.
.
.
Expenses .
.
.
.
Cash on hand Oct. 31, 1911

$1,487 55

$681 00
121 96
684 59

$1,487 55

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
Rate of dividends paid upon shares during year ,
Par value of shares
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911 .
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D a t e of E x a m in a t io n , December 27.


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Federal Reserve Bank of St. Louis

25.
*125.
Unlimited.
18% per annum.
10 cents.
2 cents each month on each dollar
or fraction thereof.
25 cents.
Not yet determined.
None yet paid.
$5.
25 cents per share four times
monthly.
471.
244.
11.
Second Monday in November.

324

REPO RT OF TH E

[Pub. Doc.

INDUSTRIAL CREDIT UNION, BOSTON.
264 BOYLSTON STREET.

Incorporated November 23, 1910.

Began business December 7, 1910.

C a roline J. C oo k , President.
Susan W. Fitz G erald , Treasurer.
M a r y H . M o r an , Clerk of Corporation.

Board of Directors: A. M. B a r b e r , J. T. C on n o r , C a roline J. C oo k , S u san W. F itz G e ra ld , R. S.
H a l e , M a r y H . M or an , M a r y A. S u l liv a n .
Credit Committee: M a x M itch ell , A n n ie R,. B lanchard , H . C . B e n t le y , J. W . C o w le s , R ose B.
M cM a n u s .

Supervisory Committee: M a r y M. K e h e w , J. W. P l aisted , B erth a Stev e nson .

BALANCE SHEET, OCTOBER 31, 1911.
Liabilities.

Assets.

Loans
Expense account
Cash

$395 00
43 00
240 30

Shares
.
.
.
.
Earnings .
.
.
.
Entrance fees
Fines
.
.
.
.
Donations for current expenses
Publicity fund

$583
2
37
1
29
25

20
30
50
30
00
00

$678 30

$678 30

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
.
.
.
.
Repaid loans
Entrance fees
Interest
.
.
.
.
Fines
.
.
.
.
Donations for current expenses
Publicity fund .

D isbu rsem ents .

$638
30
37
2
1
29
25

20
00
50
30
30
00
00

Shares
.
.
.
.
Loans
Expenses .
.
.
.
Cash on hand Oct. 31, 1911

$763 30

$55
425
43
240

00
00
00
30

$763 30

Miscellaneous.

Maximum number of shares which may be held by any one member 50.
Maximum amount of deposits which any one member may make . $ 100.
$300.
Maximum amount which may be loaned to any one member
At discretion of credit committee;
Maximum rate of interest which may be charged for loans .
highest rate charged, 12% per
annum.
50 cents.
Amount of entrance fee, fixed by the by-laws
.
.
.
.
2 cents per month on one dollar or
What fine is charged upon payments in arrears .
.
.
.
fraction thereof.
20 cents.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
None yet determined.
by directors
.
.
.
.
.
.
.
.
.
None yet paid.
Rate of dividends paid upon shares during year .
.
.
.
$5.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
Minimum, 10 cents per week on
the by-laws as to payments .
.
.
.
.
.
.
each share.
159.
Number of shares subscribed for and in force Oct. 31, 1911 .
73.
Number of members Oct. 31, 1911 .
.
.
.
.
.
3.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
First Tuesday in December.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , M ay 23.


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER,

No. 8.]

325

ITALIAN WORKINGMEN’S CREDIT UNION, BOSTON.
304 HANOVER STREET.

Incorporated July 7, 1911.

Began business July 8, 1911.

G eorge E . R o e w e r , Jr., President.
M ichael D ell ’O rfano , Treasurer.
H enriette M . H e in ze n , Clerk of Corporation.

Board of Directors: A ntonio C hioto , Salvatore C iam pa , H enriette M . H e in z e n , M ichael D ell
’O r fano , G. E. R o e w e r , Jr.
Credit Committee: R osa H . H e in z e n , L orenzo D i G uist o , C onstanzo D ’A lessandro .
Supervisory Committee: V incenzo I ncurvatore , H arr iet E. L. R aa sc h , C aro lin e J. C ook .

BALANCE SHEET, OCTOBER 31, 1911.
Liabilities.

Assets.

$56 73
315 40

Expense account
Cash

$292 53
49 60
29 75
25

Shares
Deposits
Entrance fees
Fines

$372 13

$372 13

Receipts and Disbursements during the Year ending October 31, 1911.
D isbu rsem ents .

R e ceipts .

Shares
Deposits
Entrance fees
Fines

$292 53
167 60
29 75
25

Deposits .
.
.
.
Expenses .
.
.
.
Cash on hand Oct. 31, 1911

.
.

$118 00
56 73
315 40
$490 13

$490 13

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
. . .
What fee is charged for transfer of shares .
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year .
.
.
.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , December 8.


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Federal Reserve Bank of St. Louis

25.
Unlimited.
No limit; left to credit committee.
No limit set.
25 cents.
2 cents per month on each dollar.
25 cents.
None yet determined.
None yet paid.
$5.
Minimum, 10 cents per week on
each share.
455.
132.
None.
First Tuesday in November.

326

REPO RT OF THE

[Pub. Doc.

ITALO-AMERICAN CREDIT UNION, BOSTON.
169 M AVERICK STREET (EAST BOSTON D ISTR ICT).

Incorporated October 4, 1910.

Began business December 23, 1910.

F hancesco P. M a lg eb i , President.
A ntho ny D . C a b b o n e , Treasurer.
C aro lin e J. C oo k , Clerk of Corporation.

Board of Directors: A . D . C a rb on e , C a roline J. C o o k , P eter D o n ad io , E lias G a l a s si , F. P. M a l g e r i,

M arco M astrangelo , P. R . Z o lla .

Credit Committee: E. S. F orbes , R a ffaele M a r i n i , P atrick R ich .
Supervisory Committee: L uig i G o d uti , L e oni M ucci .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Loans
Expense account
Cash

Liabilities.

$417 50
109 34
50 66

Shares
Deposits
Entrance fees
Fines
Interest

$533
8
29
4
2

$577 50

13
44
00
01
92

$577 50

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
Deposits
Repaid loans
Entrance fees
Interest
Fines

$539
24
378
29
2
4

28
74
00
00
92
01

D isbu rsem ents .

Shares
.
.
Deposits
Loans
.
.
Expenses .
.
Cash on hand Oct.

.

.

.
.
.
.
31, 1911

$977 95

$6
16
795
109
50

15
30
50
34
66

$977 95

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year
.
.
.
.
.
.
.
.
Par value of shares .
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , May 25, 1911.


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Federal Reserve Bank of St. Louis

50.
$500.
$ 100.

1% per month.
50 cents.
2 cents each month on each dollar
or fraction thereof.
None yet paid.
4% per annum.
None yet paid.
$5.
Minimum, 10 cents per week on
each share.
160.
77.
13.
Second Monday in November.

No. 8.]

BANK COMMISSIONER.

327

LA CAISSE POPULAIRE DE NOTRE DAME DES CANADIENS OR CREDIT
UNION, WORCESTER.
NOTRE DAME HALL, PARK STREET.

Incorporated August 10, 1911.

Began business August 21, 1911.

J. B. N. S ou illiere , President.
G eorge C. G ir ard in , Treasurer.
Joseph T. R oberge , Clerk of Corporation.

Board of Directors: L. Z. B rodeur , G . C. G ir a rd in , A. G . L ajoie , M a x im e L eger , N. J. M a rtel ,
J. T. R oberge , J. B . N. S ou illiere .
Credit Committee: E li B e lisl e , E ug en e Soly , N. A. B elisle .
Supervisory Committee: Z ephyrin G ran ger , N. O. S imard , A. H. G irard in .

BALANCE SHEET, OCTOBER 31, 1911.

Assets.

'
Expense account
Cash

Liabilities
$106 14
299 10

Shares
Deposits
Entrance fees
Fines

$341 00
37 80
26 40
04

$405 24

$405 24

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
.
.
Deposits .
.
Entrance fees
Fines
.
.

.
.

.
.

.

.

$341 00
37 80
26 40
04

D isbu rse m e n ts .

Expenses .
.
.
.
Cash on hand Oct. 31, 1911

$405 24

$106 14
299 10

$405 24

Miscellaneous.

Maximum number of shares which may be held by any one member 25.
Maximum amount of deposits which any one member may make . $ 1, 000 .
.$5,000.
Maximum amount which may be loaned to any one member
10% per annum.
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
. 10 cents per share.
1 cent per share for every two
What fine is charged upon payments in arrears .
.
.
.
weeks.
What fee is charged for transfer of shares .
.
.
.
.
25 cents.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
3 14% per annum.
Rate of dividends paid upon shares during year .
.
.
.
None yet paid.
$5.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
Minimum, 10 cents per week on
the by-laws as to payments .
.
.
.
.
.
.
each share.
Number of shares subscribed for and in force Oct. 31, 1911 .
264.
91.
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
None.
Date of annual meeting fixed by the by-laws
.
.
.
.
First Monday after the tenth day
of October.
D a te of E x a m in a t io n , October 13.


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Federal Reserve Bank of St. Louis

REPO RT OF THE

328

[Pub. Doc.

LYNN UNITED HEBREW CREDIT UNION, LYNN.
40

FLINT STREET.

Incorporated October 11, 1910.

Began business October, 1911.

S a m ue l W . G oldstein , President.

P h ilip K atz , Treasurer.

M. H. H o b w it z , Clerk of Corporation.
Board of Directors: S. B e b ste in , S. W. G oldstein , M. G oodman , L. G oldman , M. H. H o b w it z , P hilip
K atz , I. K a p la n , S. O lanoff .
Credit Committee: P h ilip K a tz , I. K a p la n , M. G oodman .
Supervisory Committee: L. G oldman , S. B e b s te in , S. O lanoff .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Loans
Cash
Profit and loss

Liabilities.

$986 60
11 53
10 86

Shares
Deposits

$1,008 99

$525 00
483 99
$1,008 99

Miscellaneous.

Maximum number of shares which may be held by any one member 10.
Maximum amount of deposits which any one member may make . Unlimited.
Maximum amount which may be loaned to any one member
$50; or more at discretion of credit
committee.
Maximum rate of interest which may be charged for loans .
10% per annum.
Amount of entrance fee, fixed by the by-laws
.
$ 1.
What fine is charged upon payments in arrears .
.
.
.
None.
What fee is charged for transfer of shares .
.
.
.
.
None.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
No fixed rate.
Rate of dividends paid upon shares during yeaf .
.
.
.
None yet paid.
Par value of shares .
.
.
.
.
.
.
.
.
$5; if dues on share is included,
value of share is $10.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments . . .
.
.
Any amount per week received.
Number of shares subscribed for and in force Oct. 31, 1911 .
105.
Number of members Oct. 31, 1911 .
.
.
.
.
.
56.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
35.
Date of annual meeting fixed by the by-laws
.
.
.
.
Last Sunday in October.
D a tes of E x a m in a tio n , September 23; December 12.


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Federal Reserve Bank of St. Louis

No. 8.

BANK COMMISSIONER,

329

MALDEN PROGRESSIVE WORKMEN’ S CREDIT UNION, MALDEN.
164 FRANKLIN STREET.

Incorporated September 12, 1911.

Began business September 14, 1911.

S am uel J. B ender , President.

H arry E lson , Treasurer.
Sa m ue l St a in , Clerk of Corporation.

Board of Directors: Sam uel J. B e nder , H a rry E lson , G ustav G oldberg , B enjamin M iller ,
Sa m u e l St a in .

Credit Committee: M a x R u b e n , Jacob G elitz , T homas K leim an .
Supervisory Committee: M. W. L e v i , C harles M em berson , J. W. M over .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans
.
.
.
.
.
Expense account
.
.
.
C a s h .......................................

$444 00
35 30
191 25

Shares
.
.
Earnings .
.
Entrance fees .

.

.
.

.

.
.

.

.

.

$670 55

$630 40
33 15
7 00
$670 55

Receipts and Disbursements during the Year ending October 31, 1911.
R ece ip ts .

Shares
.
Repaid loans
Entrance fees
Interest
.

.
.

.
.

.
.

.
.

.

.
.
.

.
.
.
.

$630
46
7
33

40
00
00
15

D isbu rsem ents .

Loans
.
.
.
.
.
Expenses .
.
.
.
.
Cash on hand Oct. 31, 1911

$716 55

.

$490 00
35 30
191 25
$716 55

Miscellaneous.

Maximum number of shares which may be held by any one member 10.
Maximum amount of deposits which any one member may make . $ 100.
Maximum amount which may be loaned to any one member
$ 100.
16% per annum.
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
50 cents.
First month 5 cents for every dol­
What fine is charged upon payments in arrears .
.
.
.
lar or fraction thereof.
What fee is charged for transfer of shares .
.
.
.
.
25 cents.
What rate of interest is allowed on savings deposits as determined
Not yet determined.
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year
.
.
. None yet paid.
Par value of shares .
.
.
.
.
.
.
.
. $ 10.
If payable upon the installment plan, what are the requirements of
A minimum of 20 cents per week.
the by-laws as to payments .
.
.
.
.
.
.
81.
Number of shares subscribed for and in force Oct. 31, 1911 .
43.
Number of members Oct. 31, 1911 .
.
.
.
.
.
12.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
First week in January.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , December 26.


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Federal Reserve Bank of St. Louis

330

REPO RT OF THE

[Pub. Doc,

M YR IC K CREDIT UNION, SPRINGFIELD.
W ORTH INGTON STREET.

Incorporated April 5, 1910.

Began business May 1, 1910.

J ambs S. H a n n a h , President.
H arold L. P ik e , Treasurer.
A rthur F. W il lia m s , Clerk of Corporation.

Board of Directors: E ctor R o sati , T hbo S elzam , W . S. Su l l iv a n , P. E . W a rd .
Credit Committee: T. P. Q u in n , N. C. B r o w n , T. H. G r iff in , J. W. O’B r ie n , L illia n L ockw ood .
Supervisory Committee: A . W . F u lto n , J. F. D r a k e , A lbert Sampson .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans
Cash

$2,641 98
48 71

Shares
.
.
Deposits .
.
Guarantee fund .
Provident fund .
Dividends unpaid
Profit and loss

.
.

.
.

$1,443
928
167
25
56
69

$2,690 69

65
33
33
56
08
74

$2,690 69

Receipts and Disbursements during the Year ending October 31, 1911.
R ece ip ts .

Shares
.
.
.
.
Deposits .
.
.
.
Repaid loans
.
.
.
Entrance fees
.
.
.
Interest
.
.
.
.
Cash on hand Oct. 31, 1910

.
.
.
.
.

$469
1,647
6,740
17
242
709

80
61
71
40
70
34

D isbu rsem ents .

Shares
.
.
.
.
Deposits .
.
.
.
Loans
.
.
.
.
Expenses .
.
.
.
Accrued interest savings
Dividends .
.
.
.
Cash on hand Oct. 31, 1911

$9,827 56

.
.
.
.

.

$698
1,347
7,564
110
13
44
48

15
95
05
08
80
82
71

$9,827 56

Miscellaneous.

Maximum number of shares which may be held by any one member 125.
Maximum amount of deposits which any one member may make . $250.
Maximum amount which may be loaned to any one member
$ 200 .
Maximum rate of interest which may be charged for loans .
1% per week.
Amount of entrance fee, fixed by the by-laws
.
.
.
. 10 cents a share.
.
.
.
What fine is charged upon payments in arrears .
None.
What fee is charged for transfer of shares .
.
.
.
.
None.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
Rate of dividends paid upon shares during year .
.
.
.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Minimum, 10 cents per week
per share.
Number of shares subscribed for and in force Oct. 31, 1911 .
699.
89.
Number of members Oct. 31, 1Q11 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
40.
Date of annual meeting fixed by the by-laws
.
.
.
.
Third Wednesday in November.
D ate of E x a m in a t io n , December 13.


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Federal Reserve Bank of St. Louis

No.

BAN K COMMISSIONER.

331

NOTRE DAME DE LOURDES CREDIT UNION, LOWELL.
710 MIDDLESEX STREET.

Incorporated September 12, 1911.

Began business September 19, 1911.

F ran k X. D ostaler , President.
A . H . L e M a it r e , Treasurer.
H . A lphonse R acicot , Clerk of Corporation.

Board of Directors: F. X. D ostaler , Z ephrim L ocanger , A . H . L e M a it r e , F erdinand P ic h e , H . A .
R acicot .

Credit Committee: W. A. P a r t h en ais , S everin B elang er , L ouis R en a u d .
Supervisory Committee: A urele N a d e a u , O rila T e tr e a u lt , D. L. E vasseur .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Liabilities

Expense account
Cash

$54 50
611 70

Shares
Deposits
Entrance fees

$289 65
366 30
10 25

$666 20

$666 20

Receipts and Disbursements during the Year ending October 31, 1911.

Shares
Deposits .
Entrance fees

R eceipts .

.

.

.

$289 65
366 30

D isbursem ents .

Expenses .
.
.
.
Cash on hand Oct. 31, 1911

10 25
$666 20

$54 50
611 70
$666 20

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year .
.
.
.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , December 5.


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Federal Reserve Bank of St. Louis

20.

Unlimited.
Not yet fixed.
Not yet fixed.
25 cents.
2 cents per month on each dollar.
50 cents.
Not yet determined.
None yet paid.
$5.
Minimum, 10 cents per week or 50
cents per month.
115.
41.
None.
Last Tuesday in November.

332

[Pub. Doc.

REPO RT OF THE

NOTRE DAME DU PERPETUEL SECOURS CREDIT UNION, HOLYOKE.
CORNER PROSPECT AND MAPLE STREETS.

Incorporated September 7, 1911.
Joseph L ussier , President.

Began business September 8, 1911.

P ierre B onlouvoir , Treasurer.
Joseph C. D r ap e a u , Clerk of Corporation.

Board of Directors: N apoleon B a il , H. O. B eauchamp , H enr i B ou rq ue , P ierre B o n vo uloir ,
J. C. D r apeau , Joseph L ussier , P. W. N ormand , E douard Sa m son , E . F. V a n t r a in .
Credit Committee: F. H. R ock , A. C. M e n a r d , W. M e u n ie r .
Supervisory Committee: Joseph L a l ib e r t e , J. T. R o y , J. M. R o y .

BALANCE SHEET, OCTOBER 31, 1911.
Liabilities.

Assets.

Expense account
Cash
.
.

.

.

$13 35
869 58

Shares
.
Deposits .
Earnings .
Entrance fees

.
.

.

.

.

.

.

$724 59
147 80
2 34
8 20
$882 93

$882 93

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
.
.
Deposits .
.
Entrance fees
Interest
.
.

.
.

.
.

.

.

D isbu rsem ents .

$724 59
147 80
8 20

Deposits .
.
.
.
Expenses .
.
.
.
Cash on hand Oct. 31, 1911

$846 71
13 35
22 87

2 34

$882 93

$882 93

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member

60.
$100.

$100 on personal note; $1,000 on
real estate.
10% per annum.
10 cents.
None.
None.

Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
What rate of interest is allowed on savings deposits as determined
3%.
by directors
.
.
.
.
None yet paid.
Rate of dividends paid upon shares during year .
.
.
.
Par value of shares .
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
Minimum, 10 cents per week per
the by-laws as to payments .
.
.
.
.
.
.
share.
130.
Number of shares subscribed for and in force Oct. 31, 1911 .
82.
Number of members Oct. 31, 1911 .
.
.
.
.
.
None.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
The fourth Monday of August.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , November 22.


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER,

333

%

PEABODY HEBREW MUTUAL LOAN ASSOCIATION CREDIT UNION,
PEABODY.
30 ABORN STREET.

Incorporated July 31, 1911.

Began business July 31, 1911.

T heodore M orris , President.
F r an k R osenfeld , Clerk of Corporation.

Louis L in s k y , Treasurer.

Board of Directors: C harles K a p l a n , L ouis L in s k y , T heodore M orris , F r an k R osenfeld , Joseph
Sw a r tz .

Credit Committee: Joseph K l e in , D avid R osenfeld , A braham W ald m an .
Supervisory Committee: B arn et H ur w it z , Joe M argolis , P hilip W e inb latt .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Loans
Expense account
Cash

Liabilities.

$3,320 13
218 87
297 98

Shares
.
Earnings .
Applications
Fines
.

.
.
.
.

.
.

.
.

.
.

.
.

.
.
.

$3,127
581
93
34

15
61
50
72

$3,836 98

$3,836 98

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

S h a r e s .......................................$3,250 27
Repaid loans
.
.
.
.
1,422 49
Application fees
.
.
.
93 50
Interest
.
.
.
.
.
608 01
Fines
.
.
.
.
.
34 81

D isbursem ents .

Shares
.
.
.
.
.
Loans
.
.
.
.,
Expenses .
.
.
.
Dividends repaid
.
.
.
Fines repaid
.
.
.
.
Cash on hand Oct. 31, 1911

$5,409 08

.
.
.

$123 12
4,742 62
218 87
2’6 40
09
297 98
$5,409 08

Miscellaneous.

Maximum number of shares which may be held by any one member Unlimited.
Maximum amount of deposits which any one member may make . Unlimited.
Maximum amount which may be loaned to any one member
Unlimited.
Maximum rate of interest which may be charged for loans .
Unlimited.
Amount of entrance fee, fixed by the by-laws
.
.
.
.
50 cents per share.
What fine is charged upon payments in arrears .
.
.
.
1 cent per week on each dollar.
What fee is charged for transfer of shares .
.
.
.
.
50 cents per share.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
0/0Rate of dividends paid upon shares during year .
.
.
.
$3.30 per share.
Par value of shares
-.
$5.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Minimum, 50 cents per week per
share.
Number of shares subscribed for and in force Oct. 31, 1911 .
150.
Number of members Oct. 31, 1911 .
.
.
.
.
.
101.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
76.
Date of annual meeting fixed by the by-laws
.
.
.
.
Last Monday of September.
D ate of E x a m in a tio n , October 11.


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Federal Reserve Bank of St. Louis

334

REPO RT OF THE

[Pub. Doc.

QUINCY CREDIT UNION, QUINCY.
CYROL STREET.

Incorporated March 18, 1911.
Jerry C offm an , President.

Began business March, 1911.
Jacob A snes , Treasurer.

P h ilip G leckm an , Clerk of Corporation.

Board of Directors: B anji A snes , P h ilip G lassman , H a rr y M atcovsky , E zykle M atc ov sky .
Credit Committee: Louis B r oitman , Sam uel D obrein , Sa m ue l F ish , L ouis G oldmam an , G eorge
S ch w artz .

Supervisory Committee: John B erm an , L ouis B il le r , M ichael C a tl e r .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Loans
Expense account
Cash

Liabilities.

$1,632 74
51 11
34 79

Shares
.
.
.
Deposits .
.
.
.
Earnings .
.
.
.
Entrance fees
Fines
.
.
.
.
Due on withdrawals. .

$1,718 64

$800
635
268
10

00
09
65
00
90
4 00

$1,718 64

Receipts and Disbursements during the Year ending October 31, 1911.

Shares
Deposits
Repaid loans
Entrance fees
Interest
Fines
Other receipts

R eceipts .

D isbu rsem ents .

$850
643
2,444
10
268

00
84
00
00
65
90
4 00

Shares
.
Deposits .
Loans
.
Expenses .
Cash on hand

$4,221 39

.
.
.
.
Oct.

.
.
.
.
.
.
.
.
31, 1911

$50
8
4,076
51
34

00
75
74
11
79

$4,221 39

Miscellaneous.

Maximum number of shares which may be held by any one member Unlimited.
Maximum amount of deposits which any one member may make . Unlimited.
Maximum amount which may be loaned to any one member
$ 100.
Maximum rate of interest which may be charged for loans .
16% per annum.
Amount of entrance fee, fixed by the by-laws
.
.
.
.
$ 2.
What fine is charged upon payments in arrears .
.
.
.
5 cents per week on each share,
What fee is charged for transfer of shares .
.
.
.
.
81.
What rate of interest is allowed on savings deposits as determined
Not yet determined.
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year .
.
.
.
None yet paid.
Par value of shares .
.
.
.
.
.
.
.
.
$ 10 .
If payable upon the installment plan, what are the requirements of
Minimum, 10 cents per week per
the by-laws as to payments .
.
.
.
.
.
.
share.
Number of shares subscribed for and in force Oct. 31, 1911
80.
52.
Number of members Oct. 31, 1911 .
.
.
.
.
.
36.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
March 14.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , September 27.


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Federal Reserve Bank of St. Louis

335

BANK COMMISSIONER.

No.

SALEM INVESTMENT AND CREDIT UNION, SALEM.
101 ESSEX STREET.

Incorporated September 2, 1911.
J. A . R osenthal , President.

Began business August 29, 1911.

N a th a n A ronson , Clerk of Corporation.

A rthur C ollier , Treasurer.

Board of Directors: D avid D a v is , H ym a n F reedberg , W illiam F r y e , W a lter St ar r .
Credit Committee: H a rry A lbert , M a x A ronson , L ouis R osenbloom .
Supervisory Committee: M a x G oldberg , Simon K orelitz , I. L. M il le r .

BALANCE SHEET, OCTOBER 31, 1911.
Liabilities.

Assets.

$1,155 50
50 00
38 10

Loans
Expense account
Cash

$1,149 50
77 00
17 10

Shares
Earnings
Fines

$1,243 60

$1,243 60

Receipts and Disbursements during the Year ending October 31, 1911.
D isbu rsem ents .

R eceipts .

Shares
.
Repaid loans
Interest
.
Fines
.

.

.

.

.
.

.
.

.
.

$1,149
94
77
17

50
50
00
10

Loans
.
.
.
.
Expenses .
.
.
.
Cash on hand Oct. 31, 1911

$1,250 00
50 00
38 10
$1,338 10

$1,338 10

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year .
.
.
.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate of E x a m in a t io n , October 20.


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Federal Reserve Bank of St. Louis

Unlimited.
Not fixed.
Not fixed.
8% per annum.
25 cents.
5 cents per week on each share.
Not fixed.
Not yet determined.
None yet paid.
$ 100.

Minimum, 50 cents per week per
share.
198.
97.
15.
Last Tuesday in October.

336

REPO RT OF THE

[Pub. Doc.

ST.'AN N E CREDIT UNION, NEW BEDFORD.
ST. ANNE’S HALL, RUTH STREET.

Incorporated August 3, 1911.

Began business September 5, 1911.

F rancois X . B ern ard , President.
Louis N . F r ed ette , Treasurer.
P . D a m ie n Ja r r y , Clerk of Corporation.

Board of Directors: F. X . B ern ard , L. N. F r ed e tt e , P. D . Ja r r y , O mer V alois .
Credit Committee: A délard L a nglois , M ichael P a r e n t , L udger S light .
Supervisory Committee: G. J. C a i n , J. O. D essert , T. E. B oudreau .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Liabilities.

L o a n s .......................................$909 00
Expense account
.
.
.
90 87
C a s h .......................................
520 30

S h a r e s ....................................... $805 35
Deposits .
.
.
.
.
678 59
Earnings .
.
.
.
.
16 63
Entrance fees
.
.
.
.
19 60

$1,520 17

$1,520 17

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

S h a r e s ....................................... $805 <-35
Deposits .
.
.
.
.
773
Repaid loans
.
.
.
.
3
Entrance fees
.
.
.
.
19
Interest
.
.
.
.
.
16

D isbu rsem ents .

59
00
00
63

Deposits .
.
.
.
.
L o a n s .......................................
Expenses .
.
.
.
.
Cash on hand Oct. 31, 1911
.

$1,618 17

$95
912
90
520

00
00
87
30

$1,618 17

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year .
.
.
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911
Number of members Oct. 31, 1911 .
.
.
.
.
Number of borrowers Oct. 31, 1911
Date of annual meeting fixed by the by-laws
.
.
.
D a te of E x a m in a t io n , December 20.


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Federal Reserve Bank of St. Louis

.
.

40.
$500.
$

1, 000 .

10% per annum.
10 cents per share.
None.
10 cents per share.
o/c-

None yet paid.
$5.

Minimum, 10 cents per week per
share.
166.
68.
4.
Third Thursday of November.

No. 8.]

»

BANK COMMISSIONER.

337

ST. JEAN BAPTISTE PARISH CREDIT UNION, LYNN.
7 ENDICOTT STREET.

Incorporated September 29, 1910.

Began business October 7, 1910.

L. V. B e audr y , President.

J. O vide D.

de

B o n d y , Treasurer.

A lphee B r u n , Clerk of Corporation.

Board of Directors: J. N. A melotte , L. V. B ea u d r y , A lphee B r u n , J. O. D .

de

B on d y , J. H.

D oucette , P a u l L ’E sperance , W ilfred L a n g e v in .

Credit Committee: P hilibert B e liv e a u , E . B . D esrochers , Joseph L e m u r e , E ugene P a r e .
Supervisory Committee: A. J. D a igle , F erreol D io n n e , J. A . T h er ie n .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans
Expense account
Cash

$4,048 62
60 80
2,080 78

Shares
Deposits
Guarantee fund
Earnings
Entrance fees

$4,643
1,252
56
129
108

$6,190 20

50
63
50
57
00

$6,190 20

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
.
Deposits .
Repaid loans
Entrance fees
Interest
.

.
.
.

.
.

.
.
.

.
.

.
.
.
.

.

.
.
.
.

.

$5,073 65
2,351 82
441 18
108 00
186 07

D isbu rsem ents .

Shares
.
.
.
.
Deposits
.
.
.
.
Loans
.
.
.
.
Expenses
.
.
.
.
Cash on hand Oct. 31, 1911

.
.
.
.

$8,160 72

.

$430
1,099
4,489
60
2,080

$8,160 72

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
.
.
.
.
.
.
.
.
Rate of dividends paid upon shares during year .
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D a te of E x a m in a tio n , May 12, 13.


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Federal Reserve Bank of St. Louis

15
19
80
80
78

60.
Unlimited.
Undetermined.
8% per annum.
10 cents per share.
None.
25 cents.
3% .
4%%.
$5.
Any amount received.
874.
189.
9.
Third Thursday of November.

[Pub. Doc.

REPO RT OF TH E

338

WORCESTER CREDIT UNION, WORCESTER.
66 HARRISON STREET.

Incorporated June 5, 1911.
A be M azer , President.

Began business July 6, 1911.

A braham B e rk o w itz , Treasurer.
P a u l S charager , Clerk of Corporation.

Board of Directors: N a th a n C a n n e n , M

orris H im elfarb ,
Parker.

R aphael K rock , A be M aze r , H arry

Credit Committee: A brah am B e r k o w itz , Joseph C oh e n , Sam uel Seligm an .
Supervisory Committee: Sa m ue l A be l so n , A braham Joseph , Joseph Z a ba r sk y .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Liabilities.

Loans
Cash

Shares
Deposits
Earnings
Entrance fees

$1,440
115
63
40

$1,659 53

00
99
54
00

$1,659 53

Receipts and Disbursements during the Year ending October 31, 1911.

Shares
Deposits
Repaid loans
Entrance fees
Interest
Application fees
Donation .

R eceipts .

$1,460
158
1,603
40
121
15

00
19
00
00
75
05

I ;

■ ' 1

Shares
.
Deposits .
Loans
.
Expenses .
Cash on hand

| D isbu rsem ents .

.
.
.
.
Oct.

.
.
.
.
.
.
.
.
31, 1911

$20 00

42
3,090
95
172

20
00
26
53

22 00
$3,419 99

$3,419 99

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount 'which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
.
.
.
What fine is charged upon payments in arrears .
.
.
.
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
. ' .
Rate of dividends paid upon shares during year
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911 .
Number of members Oct. 31, 1911
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D a te of E xam in a tio n October 9.


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Federal Reserve Bank of St. Louis

10.

Unlimited.
$50.

12% per annum.
$ 1.
Yi cent on each dollar each week.
25 cents.
None.
None yet paid.
$5.
Minimum, 25 cents per week, per
share.
288.
88 .
48.
First Tuesday of May.

No. 8.

339

BANK COMMISSIONER,

W RIGHT & POTTER CREDIT UNION, BOSTON.
\
18 POST OFFICE SQUARE.

Incorporated October 26, 1910.
J ohn A . M u l lin , President.

Began business December 5, 1910.

H e n b y A . M acdonald , Treasurer.
D ennis A . M a h o n e y , Clerk of Corporation.

Board of Directors: Jam es D oig , C. E. F osteb , C hables G ttndstbom, H ubebt P e b b y , Joseph R eg a n .
Credit Committee: C hables C e a m b , B ebnaed D odd , A dam R e e y e s , W. H. C. W a l k e r , H. M. W a ll a ce .
Supervisory Committee: M . E . B oyd , T . W . C ush ing , P. J. R o w e .

BALANCE SHEET, OCTOBER 31, 1911.
Assets.

Loans
Expense account
Cash

Liabilities.

$955 21
29 48
427 97

Shares
.
Deposits .
Earnings .
Entrance fees
Fines
.

.
.
.

.
.
.

.
.
.

.

.

.

$1,412 66

$1,101
223
59
28

10

21
24
40
71

$1,412 66

Receipts and Disbursements during the Year ending October 31, 1911.
R eceipts .

Shares
Deposits
Repaid loans
Entrance fees
Interest
Fines

$1,366
461
821
28
59

05
35
10
40
24
71

D isbu esem ents .

Shares
.
Deposits .
Loans
.
Expenses .
Cash on hand

.
.
.
.
Oct.

.
.
.
.
.
.
.
.
31, 1911

$2,736 85

$264
238
1,776
29
427

$2,736 85

Miscellaneous.

Maximum number of shares which may be held by any one member
Maximum amount of deposits which any one member may make .
Maximum amount which may be loaned to any one member
Maximum rate of interest which may be charged for loans .
Amount of entrance fee, fixed by the by-laws
.
What fine is charged upon payments in arrears .
What fee is charged for transfer of shares .
.
.
.
.
What rate of interest is allowed on savings deposits as determined
by directors
.
Rate of dividends paid upon shares during year
Par value of shares .
.
.
.
.
.
.
.
.
If payable upon the installment plan, what are the requirements of
the by-laws as to payments .
.
.
.
.
.
.
Number of shares subscribed for and in force Oct. 31, 1911
Number of members Oct. 31, 1911 .
.
.
.
.
.
Number of borrowers Oct. 31, 1911 .
.
.
.
.
.
Date of annual meeting fixed by the by-laws
.
.
.
.
D ate op E x a m in a t io n , November 6, 7.


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Federal Reserve Bank of St. Louis

95
14
31
48
97

10.
$50.
$50.
52% per annum.
25 cents.
None.
10 cents.
Not yet determined.
.None yet paid.
$5.
10 cents per week per share.
394.
100.
46.

December 15, 1911.

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

***|*30fâK

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

A P P E N D IX .

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

STATUTES
R E L A T IN G TO

C O -O P E R A T IV E B A N K S


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Federal Reserve Bank of St. Louis

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

STATUTES
RELATING TO

Co-operative Banks .
[Chapter 1 1 4 of the R evised L aw s and A cts supplem entary thereto.]

S e c t io n 1.
No person, and no association or corporation, except foreign associations and corporations duly
licensed by the board o f commissioners o f savings banks
prior to the fourteenth day o f April in the year eighteen
hundred and ninety-six to transact business in this com­
monwealth, shall transact the business o f accumulating
the savings o f its members and loaning to them such accu­
mulations in the manner o f a co-operative bank, unless
incorporated in this commonwealth for such purpose.
W hoever violates any provision o f this section shall be
punished by a fine o f not more than one thousand dollars,
and the supreme judicial court or the superior court shall
have jurisdiction in equity to enforce the provisions o f
this section.
S e c t io n 2.
Twenty-five or more persons, who associate themselves by an agreement in writing with the
intention o f forming a corporation for the purpose o f
accumulating the savings o f its members paid into such
corporation in fixed periodical instalments and loaning to
its members the funds so accumulated, shall, with the
consent o f the board o f commissioners o f savings banks,
become a corporation upon com plying with the provisions
o f the follow ing section.

co-operative
incorporated.

îüo’ 3Î0 ||î’ 1'.
{pjVaTs. 167.

Formation,
g. s’. 58.'
P. s. 117, § i.

\_The 'powers and duties conferred upon the board o f
commissioners o f savings banks by the p rovision s o f the
above section are now vested in the board o f bank incor­
p ora tion .
See section 4 o f chapter 5 9 0 , A cts o f 1 9 0 8 ,
p rin ted on p a g e x v iii. ]
S e c t io n 3. The provisions o f sections fifteen to twenty, organization,
inclusive, o f chapter one hundred and ten shall apply to i*. s’. in \ §§ 2’ i.
such corporations, except that the agreement o f associa­
tion shall also state the limit of capital to be accumulated,
that, in the certificate signed by the secretary o f the com ­
monwealth, the limit o f capital to be accumulated as fixed


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Federal Reserve Bank of St. Louis

.

APPEN D IX.

VI

Capital.
Issue o f stock,
1877, 224, § 5.
P. S. 117, § 5.
1887, 216, § 1.
149 Mass. 167.
1903, 147, § 1.

Shares issued
to minors and
shares held in
trust.
1887, 216, § 3.

By-laws.

Officers.
1877, 224, §§ 6,
16.
P. S. 117, § 6.
1885, 121, § 1.
1901, 123.

Treasurer,
duties.
Bond.

in the agreement o f association shall be inserted instead
o f the amount o f 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 o f the officers who possess
the powers o f 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 o f the certificate o f organization, shall be
five dollars.
S e c t io n 4 .
The capital to be accumulated shall be
divided into shares o f the ultimate value o f 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 o f one
such corporation. No shares o f a prior series shall be
issued after the issue o f a new series.
S e c t io n 5.
Shares may be issued in the name o f a
minor, and may, in the discretion o f 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 o f shares shall be valid. I f
shares are held in trust the name and residence o f the
beneficiary shall be disclosed and the account shall be
kept in the name o f such holder as trustee for such per­
son. I f no other notice o f the existence and terms o f
such trust has been given in writing to the corporation,
such shares may, upon the death o f 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 o f the corporation, their terms o f office,
the time o f their election, the qualifications o f electors and
the time o f each periodical meeting o f the officers and
members shall be determined by the by-laws. The by­
laws may also provide for the election o f the secretary and
treasurer either by the shareholders or by the board o f
directors. No member shall be entitled to more than one
vote at any election. A ll officers shall continue in office
until their successors are duly elected. The offices o f
secretary and treasurer may be held by the same person.
S e c t io n 7.
The treasurer shall dispose of and secure
the safe keeping o f all money, securities and property o f


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Federal Reserve Bank of St. Louis

APPEN D IX.

V ll

224, § 14.
the corporation, in the manner designated by the by-laws, 1877,
P. S. 117, § 17.
1898,
247,
§ 1.
and the treasurer and secretary shall give, subject to the
provisions o f section fifteen o f chapter one hundred and
thirteen, such bond for the faithful performance o f their
respective duties as the by-laws may require.
meet­
S e c t io n 8 .
The officers shall hold stated monthly Monthly
ings. Dues.
meetings at any place in the city or town in which the 1877, 224, §§ 5,
7, 9.
bank is located. A t or before each such meeting every 188], 271, § 1,
cl. 3.
member shall pay to the corporation as a contribution to P. S. 117, § 7.
its capital one dollar as dues upon each share held by him 1900, 249.
until the share reaches the ultimate value o f two hundred
dollars, or is withdrawn, cancelled or forfeited. Payment
o f dues on each series shall commence from its issue.
Withdrawal of
S ec tio n 9. A member may withdraw his unpledged shares.
224, § 10. '
shares, after giving thirty days’ notice o f his intention so 1877,
1881, 271, § 1,
cl.
3.
to do, written in a book held and provided by the cor­ P. S. 117, § 8.
poration for such purpose. Upon such withdrawal such 1882, 251, § 1.
1887, 216, § 2.
shareholder shall be paid the balance remaining after de­ 149 Mass. 167.
1903, 95, § 1.
ducting from the amount then standing to the credit o f
the shares all fines, a proportionate part o f any unadjusted
loss, and such proportion o f the profits previously credited
to the shares as the by-laws may provide ; but at no time
shall more than one half o f the funds in the treasury be
applicable to the demands o f 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 o f any series after four years from the date o f 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 o f their shares,
less all fines and a proportionate part o f any unadjusted
loss. W henever shares are retired between the dates o f
adjustment o f profits, interest shall be paid upon the full
value o f the shares for all full months from the date o f
the preceding adjustment to the date o f 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 o f commissioners o f savings banks, when­
ever in its judgment it is necessary for the welfare o f the
shareholders in any co-operative bank, may order the
retirement o f shares in any series after five years from
the date o f issue, and it shall be the duty o f the board o f


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Federal Reserve Bank of St. Louis

V ili

APPEN DIX.

directors, in the manner hereinbefore provided, to comply
with the order o f said board.
S ec tio n 10.
W hen each unpledged share o f a given
Shares, when
matured.
series reaches the value o f two hundred dollars, all pay­
1881, 271, § 1,
cl. 3.
ments o f dues thereon shall cease, and the holder thereof
P. S. 117, § 9.
1882, 251, § 1.
shall be paid out o f the funds o f the corporation two hun­
1887, 216, § 5.
1898, 247, § 3.
dred dollars ; but at no time shall more than one half of
1903, 95, § 2.
the funds in the treasury be applicable to the payment of
such matured shares without the consent o f the directors.
I f any series o f shares, pledged or unpledged, reaches
maturity between the dates o f adjustment o f profits, the
holders o f such shares shall, in addition to the value
thereof, receive interest for all full months from the date
o f the preceding adjustment to the time o f payment, at
the rate at which profits were distributed at said adjust­
ment ; but before the payment o f matured shares all
arrears and fines shall be deducted.
Loans of
S e c t io n 11. The money accumulated, after due allow­
money; invest­
ance for all necessary expenses and the cancellation of
ments.
1877, 224, § 7.
shares, shall, at each stated monthly meeting, be offered
1881, 271, § 1,
Cl. 4.
to
the members according to the premiums bid by them
P. S. 117, § 10.
1882, 251, § 2.
for
priority o f 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
1910, 288.
premium, be a rate o f 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 member
whose bid is accepted shall be entitled, upon giving proper
security, to receive a loan o f two hundred dollars for each
unpledged share held by him, or such fractional part o f
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 sixty-eight o f chapter five hundred and
ninety o f the acts o f the year nineteen hundred and eight,
or may loan it upon first mortgages o f 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 o f the loan ; but in either case the loans shall be at the
highest rate at the last preceding monthly sale o f money,
and a note shall be given as required by section fourteen.
S e c t io n 12.
Premiums for loans shall consist o f a
Premiums.
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

APPEN DIX.
interest, and shall be a consideration paid by the borrower
for the present use and possession o f the future or ultimate
value o f liis shares, and shall, with interest and fines, 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 o f said capital as hereinafter provided.
S e c t io n 13.
A borrowing member, for each share bor­ Interest.
1881, 271, § 1,
rowed upon, shall, in addition to his dues and monthly cl.
3.
P.
S. 117, § 12.
premium, pay monthly interest on his loan at the rate of
six per cent per annum until his shares reach the ultimate
value o f 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 io n 14. For every loan made a note shall be given, Security.
1877, 224, § 8.
accompanied by a transfer and pledge o f the shares o f the 1881, 271, § 1,
c l. 1 .
borrower, and secured by a mortgage o f real estate situated P.
S. 117, § 13.
1889,
159, § 1.
in this commonwealth and unencumbered by any mortgage 1894, 342,
§ 1.
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 o f
the conditions o f said note and mortgage. Said note and
mortgage shall recite the number o f shares pledged and
the amount o f money advanced thereon, and shall be con­
ditioned for the payment at the stated meetings o f the
corporation o f 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
o f 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 o f 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 io n 15. I f a member purchases money at a lower Effect of new
on ex­
rate than that paid by him on an existing loan, secured by loans
isting mort­
gage.
a mortgage, for the purpose by him declared o f reducing 1894, 342, § 2.


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Federal Reserve Bank of St. Louis

IX

A PPEN D IX.

X

Payment o f
loans.
1877, 224, § 11.
P. S. 117, § 14.

Partial pay­
ments of loans
on real estate.
1887, 216, § 4.
1906, 280.

Pines, forfeit­
ure of shares.
1877, 224, § 18.
P . S. 117, § 15.
1896, 285.

the premium or rate o f interest upon said loan, a new
mortgage shall not be required, but an agreement in writ­
ing for the reduction o f said premium or rate o f interest,
signed by said borrowing member and the secretary o f
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 o f said agreement, and the amount o f 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 o f 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 io 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 o f the original loan, with all monthly instalments
o f interest, premium and fines in arrears, and shall be
given credit for the withdrawing value o f his shares pledged
and transferred as security; and the balance shall be re­
ceived by the corporation in full satisfaction o f said loan.
A ll settlements made between stated meetings o f the directors shall be made as o f 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 io n 17. Partial payments o f loans shall be received
in amounts o f fifty dollars or a multiple thereof, and pay­
ments o f 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 io n 18.
Members who make default in the pay­
ment o f 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 o f six months from the first lapse in any such
payment, nor upon a fine in arrears. The shares o f a
member who continues in arrears more than six months


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Federal Reserve Bank of St. Louis

APPEN D IX.
shall, at the option o f the directors, if the member fails
to pay the arrears within thirty days after notice, be de­
clared forfeited, and the withdrawing value o f the shares
at the time o f 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 A ccou n t” to the credit o f the
defaulting member. Said member, if not a borrower,
shall be entitled upon giving thirty days’ notice to receive,
out o f the funds appropriated to the payment o f with­
drawals, the balance so transferred without interest from
the time o f the transfer, in the order in which such notices
are given. A ll shares so forfeited or transferred shall
cease to participate in any profits o f the corporation accru­
ing after the adjustment and valuation o f shares last pre­
ceding said forfeiture.
S e c t io n 19. I f 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 o f such borrowing member shall then be debited
with the arrears o f interest, premium and fines to date of
forfeiture, and the shares shall be credited upon the loan at
their withdrawing value. The balance o f 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 20. No member whose shares are withdrawn,
forfeited or retired, shall be charged with fines upon such
shares in excess o f 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 io 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
o f a loan made by or on behalf o f such corporation, other
than appears on the face o f 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 o f property and titles and preparation
and recording o f conveyances to such corporation as
security for its loans. W hoever violates a provision o f


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Federal Reserve Bank of St. Louis

xi

Recovery o f
loan.
1877, 224, §§ 8,
13.
P. S. 117, § 16.
1882, 251, § 1.
1885, 121, § 4.

Pines on
shares with­
drawn, etc.
1895,172.

Bank or
officers not to
receive certain
fees.
1897, 161.

APPEN D IX.

X ll

Books of
account.
1877, 224, § 14.
P. S. 117, § 17.
173 Mass. 54.

Distribution o f
profits and
losses.
1877, 224, § 15.
1881, 271, § 1,
i\ I'. 117, § 18.

Guaranty
fund.
1885, 121, § 2.
1903, 203.

this section shall be punished by a fine o f not less than
one hundred nor more than one thousand dollars.
S e c t io n 22. The general accounts o f every such cor­
poration shall be kept by double entry. A ll money re­
ceived by the corporation from each member shall be
receipted for b y persons designated by the directors, in a
pass book provided by the corporation for the use o f and
to be held by the member. Said pass book shall be plainly
marked with the name and residence o f the holder thereof,
the number o f shares held b}^ him and the number or des­
ignation o f the series or issue to which said shares,
respectively, belong, and the date o f the issue o f such
series. A ll money so received shall be originally entered
by the proper officer in a book to be called the “ cash
b ook ,” to be provided by the corporation for the purpose,
and the entries therein shall show the name o f the payer,
the number o f shares, the number or designation o f the
series or issues o f the particular share or shares so entered,
with the amount o f 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 o f each stated meet­
ing, and shall be an exhibit o f the receipts o f all money
paid at said meeting. A ll payments made by the corpora­
tion shall be b y 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
o f 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 o f said order, check or draft.
S e c t io n 23.
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 o f 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 io n 24.
A t each distribution o f profits the direc­
tors shall reserve as a guaranty fund not less than one nor
more than five per cent o f the net profits accrued since


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Federal Reserve Bank of St. Louis

APPEN D IX.

xm

the last preceding adjustment, until such fund amounts
to five per cent o f 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 o f the corporation
from depreciation o f its securities or otherwise.
S e c t io n 25.
A corporation which carries on its books Surplus
as assets any unpaid interest, premiums or fines shall, at i S I m
each distribution o f profits, transfer at least five per cent
o f such items to the credit o f its surplus account until such
account amounts to at least twenty-five per cent o f the
total o f all such items existing at the time o f such distri­
bution. I f 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 e c t io n 26.
Such corporation may purchase at public corporation
or private sale real estate upon which it may have a mort- seifrea/esteL.
gage, judgment, lien or other encumbrance, or in which p.‘s\ln’.Vi».
it may have an interest, and may sell, convey or lease the
21I’. § 2'
real estate acquired by it and, on the sale thereof, may [^ojp.A.G.
take a mortgage in common form thereon to secure the
payment o f the whole or part o f the purchase price. A ll
real estate shall be sold within five years from the acqui­
sition o f the title thereto ; but the board o f commissioners
o f savings banks may, upon the petition o f the security
committee o f such corporation and for cause, grant an
additional time for the sale o f the same.
S e c t io n 2 7.
A co-operative bank, except as provided ^ f ' ofbusi*
in section eight, shall carry on its usual business at its woo, 249 .
office only, which shall be in the city or town named in
its agreement o f association. It shall not maintain a sign
or advertise to transact business in any other p la ce; 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 o f directors may
authorize, subject to the approval o f the board o f commis­
sioners o f savings banks.
S e c t io n 28.
The board o f commissioners o f savings Powers o f ^
banks shall perform the same duties relative to every such commissioncorporation, and shall have the same powers, as are re- 1879, 129.
quired o f or given to them relative to savings banks, and **•s-U7, §20.
shall annually make report to the general court o f 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

XIV

Foreign banks
not to do busi­
ness, when.
1889, 452, § 1.
1890, 310, § 2.
1891, 403.

Annual
returns oi
co-operative
banks.
1889, 159, § 2.
1895, 171.

APPEN D IX.
E very officer o f such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.
S e c t io n 29. If, in the opinion o f the board o f 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
o f such business. The provisions o f this chapter shall not
prevent a foreign co-operative bank from loaning money
upon mortgages o f real estate located within this com­
monwealth.
S e c t io n 3 0 .
Every co-operative bank shall annually,
within thirty days after the last business day o f October,
make to the board o f commissioners o f savings banks in
such form as may be prescribed by it, a return, signed
and sworn to by the secretary and treasurer o f 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 o f 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.
I f 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 o f 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.
The p resid en t and auditors o f every co-operative hank
shall hereafter certify and make oath annually that the re­
p o rt required by section thirty o f chapter one hundred and
fou rteen o f the liev ised L a w s and o f acts in amendment
th ereof is correct , according to their best knowledge and
b elief , and the certificate and oath o f fiv e or more directors
shall not hereafter be required.


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Federal Reserve Bank of St. Louis

xv

APPEN DIX.

Section 31. A bank may by vote o f a majority o f capita?601
its members present and voting at a meeting duly called 1903, iff, § 2.
for the purpose increase the limit o f capital to be accu­
mulated by it as stated in its original agreement o f asso­
ciation and in its certificate o f organization, and within
thirty days after such vote shall file in the office o f the
secretary o f the commonwealth a certificate o f the amount
o f such increase and a statement o f such vote, signed and
sworn to by the presiding and financial officers and by a
majority at least o f the officers who possess the powers o f
directors, by whatever name they may be called. F or
filing and recording such certificate o f increase a fee of one
dollar shall be paid to the secretary o f the commonwealth.
Upon the filing thereof the bank without any further re­
quirement shall be authorized to accumulate a capital up
to the increased amount designated in such vote.
[C h ap ter 2 9 2 , A c ts o f 1 90 4 .]

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 o f real
estate, in excess o f five thousand dollars.
S ection 2. This act shall take effect upon its passage.
[C h ap ter 3 9 2 , A c ts o f 1 9 0 4 .]

A n A ct
MORE
SAM E

to authorize the consolidation
C O -O P E R A T IV E
C IT Y

OR

BANKS

D O IN G

of two or

B U SIN ESS

IN

TH E

TOW N.

Section 1. I f two or more co-operative banks doing
business in the same city or town desire to consolidate, a
special meeting o f the members o f each o f said banks shall
be called, and notice o f such special meeting and o f 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 o f said m eeting; 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 o f the members
o f each o f the banks intending to consolidate signify in
writing their approval o f the consolidation, and if two
thirds or more o f the members o f each o f said banks present


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Federal Reserve Bank of St. Louis

APPEN D IX.

XVI

and voting at such special meeting vote in favor o f the
consolidation, then the board o f directors o f each bank
shall forthwith petition the board o f commissioners o f
savings banks for authority to consolidate in accordance
with the following provisions.
S e c t io n 2.
The said petition shall be in writing, signed
for and in behalf o f the board o f directors o f each bank by
the president, secretary and treasurer o f the bank, and shall
have annexed thereto an affidavit signed and sworn to by
the secretary stating that the notices o f the special meet­
ing have been duly given and that the requirements o f
section one o f this act have been complied with, and the
affidavit shall be prima facie evidence that the provisions
o f the preceding section have been complied with. There
shall also be annexed to the said petition a duly attested
copy o f the records o f the meeting o f the members o f each
bank authorizing such action, signed b y the secretary, and
a duly attested copy o f the balance sheet o f each bank at
the close o f business on the last day of the month previous
to the date o f the petition, signed by the treasurer.
S e c t io n 3.
The board o f commissioners o f savings
banks shall at once select a competent auditor or auditors,
who shall make a thorough audit o f the books and assets
o f each bank, which shall include the calling in and com­
paring o f the members’ pass-books with the records o f each
bank. The auditor or auditors shall submit a written re­
port o f his or their findings to the board ; and the expenses
o f such audit, provided the consolidation is not finally
approved by the board o f commissioners o f savings banks,
shall be borne by the petitioning banks pro-rata to their
dues capital, but if the consolidation is approved and car­
ried out the continuing bank shall bear the expense of the
audit, legal services and other charges, authorized and
incident to the proposed consolidation.
S e c t io n 4.
I f the said reports disclose to the board o f
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 o f each bank shall be turned over to the
continuing bank as soon as the order for consolidation is
issued by the board o f commissioners o f savings banks,
and the continuing bank shall thereupon assume all liabil­
ities accrued on account of the outstanding shares issued
by the bank or banks the assets o f which are so taken over,


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Federal Reserve Bank of St. Louis

A PPEN D IX.
and shall be subject to all the liabilities o f the said bank
or banks except as otherwise specifically provided herein,
and all business thereafter shall be done under the title o f
the continuing bank except as otherwise provided in
section seven o f this act.
(b ) No more shares shall be sold by the bank or banks
that are taken over, but during the life o f the series o f
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 e c t io n 5.
A ll liabilities o f 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 o f its directors, shall be
filed with said hoard and shall be prima facie evidence that
such liabilities have been discharged in full.
S e c t io n 6. A t the time of, and upon final approval
of, the consolidation, all the offices o f the bank or banks
whose assets and business are taken over by the continuing
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 e c t io n 7.
A new name or the name o f any one o f the
petitioning banks may be adopted as the name o f the con­
tinuing bank at the special meeting called as provided in
section one o f this a c t ; and if such proposed name is set
forth in the petition to the board o f commissioners o f savings
banks and is approved by said board it shall become the
name o f the continuing bank upon the final approval o f the
consolidation without further acts or requirements under
the laws o f the Commonwealth as to change or adoption
o f a new name on the part o f the continuing bank.
S e c t io n 8.
This act shall take effect upon its passage.


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Federal Reserve Bank of St. Louis

XVII

xvm

APPEN D IX.

[C h ap ter 3 51, A c ts o f 1 9 0 7 .]

A n A ct r e l a t iv e to m o r tg a g e s o f co - o p e r a t iv e b a n k s .
S e c t io n 1. A ny co-operative bank shall have author­
ity to insert in its form o f 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
companies upon payment to the bank by such company
or companies o f the amount due upon the mortgage loan
at the time o f the fire, together with the unpaid interest,
premium and fines, if any, accrued thereon at the date o f
such assignment, less the value o f 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 o f interest to be due six
months after the date o f the assignment, and any shares
o f 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 o f such assignment, and the withdrawal value o f
shares so forfeited shall, at the time o f the assignment, be
credited as a part payment on said mortgage loan, the
balance thereof being the balance o f the loan due at the
time o f the assignment to the insurance company or com­
panies as aforesaid.
S e c t io n 2.
A ny mortgage note taken under the pro­
visions o f this act shall contain proper reference thereto.
BOARD OF BANK INCORPORATION.
[S ection 4 , ch a p te r 5 9 0 , A c ts o f 1 9 0 8 , a s a m en d e d b y ch a p te r
4 9 1 , A c ts o f 1 90 9 .]

The bank commissioner, the treasurer and receiver gen­
eral and the commissioner o f corporations shall constitute
a board o f bank incorporation, which shall exercise the
powers and perform the duties conferred or imposed upon
them by this act and upon the board o f commissioners of
savings banks by section two o f chapter one hundred and


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

APPEN D IX.
fourteen o f the Revised Laws, b y section twenty o f chap­
ter one hundred and sixteen o f the Revised Laws, by
chapter three hundred and fifty-five o f the acts o f the
year nineteen hundred and two, and by sections three and
six o f chapter three hundred and seventy-four o f the acts
o f the year nineteen hundred and four.
Chapter 399, Acts o f 1910, provides for the liquidation
by the Bank Commissioner of all delinquent corporations
and individual bankers subject to his supervision.


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Federal Reserve Bank of St. Louis

xix

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

I ÿ D E X
PAGE

Accounts t o b e k e p t b y d o u b le e n try ,

x ii

cash b o o k , ke ep in g o f,

.

.

.

fo rfeited share a c c o u n t,

.

.

.

.

xi

p a ss b o o k s o f m e m b e r s,

.

.

.

.

xii

xii

p a y m e n ts b y ord er, ch eck, d r a ft,

xii

Bank commissioner, a u th o r ity o f, .

xiii

a p p ro v a l o f p lace fo r receiv in g m o n e y ,

xiii

b o n d o f treasu rer, d u tie s as t o , • .
foreign , d u tie s as t o , .

vii

.

x iv

officers t o an sw er inquiries of,

x iv

real e sta te , e x te n sio n o f t im e for sale, .

xiii

rep ort t o legislatu re con cern in g, .
retu rn s t o ,

.

.

.

xiii

.

.

.

x iv

Board of bank incorporation, p ow ers a n d d u ties,
con sen t n e cessary t o in corp oration ,

V

Business a t office o n ly ,

xiii

d o m e stic , o n ly b y , e x c e p t, e tc .,
m e e tin g s elsew here,

x v iii

.

.

.

V

.

.

.

v ii

receip t o f m o n e y elsew here,

xiii

By-laws t o fix b o n d s o f treasu rer, e t c .,

.

v ii

loan s, reg u la tio n o f b id s for,

v iii

m e e tin g s, e tc ., t o d e te rm in e u p on ,

vi

m e m b e r s’ qu alification s, e tc ., t o fix,

vi

officers, n u m b er, title s , e tc ., t o fix,

vi

Capital, lim it o f a cc u m u la tio n ,
increase o f,

.

.

lim it in certificates,

.
.

V
.

.

.

XV

.

.

.

V

Consolidation of banks, proceed in gs for,
Domestic, o n ly , t o d o bu sin ess,
Foreign, bu sin ess b y , in w h a t cases,
loan s on real e sta te b y ,

.

.

XV, x v i , x v ii
V
V

.

.

x iv

re v o ca tio n , e tc ., o f a u th o r ity ,

Guaranty fund, of,
.
.
Incorporation of, in gen eral, .

x iv

.

.

a gre em en t for, c o n te n ts o f,
associates, n u m b er o f,
fee fo r certificate,

.

xii

.

.
.

.
.

.
.

.

.

.

.

V

.

.

Liquidation of, b y b a n k com m ission er,
Loans, lim it o f, a u th o rized , .
.
.

.
.
.

.

.

.

.

co m m issio n , e tc ., for m a k in g ; p e n a lty ,
in terest, p a y m e n t of,


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Federal Reserve Bank of St. Louis

viii, XV
viii

b id d in g b y m e m b e r s for,

.
.

V
xix

b alan ces, in v e stm e n t of,

p a rtia l p a y m e n ts,

vi
V

.

p u rp ose for w h ich fo rm e d , .

V
V

.

m a n n e r o f in corp oration , ca p ita l, e tc .,
org a n iza tio n , special p ro vision ,

V
.

.

.
.

.
.

v ii
xi

.

ix

.

X

IN D E X TO APPEN D IX.

XXII

PAGE

Loans, p re m iu m s, ch aracter a n d a m o u n t,
reb orrow in g,

.

.

.

.

.

ix

re co v ery b y cred itin g shares u p on ,

xi

r e p a y m e n t b y b orrow er, te r m s , .
se cu rity for, ch aracter o f,

X

.

ix

forfeiture if n o t offered,
m o rtg a g e a n d n o te ,

viii

ix

.

.

.

.

ix

shares, tra n sfe r an d p led ge as,

ix

Members, b y -la w s t o fix qu alification s of,
du es, p a y m e n t of,

vi
v ii

fines, forfeitu re o f shares,

.

X

p a ss b o o k s o f, h o w k e p t,
v o t e , on e. t o each,

xii

.

.

.

.

vi

Mortgages, a ssign m e n t o f, in case o f fire loss,
Officers, election , n u m b er, title s , te r m , etc .,
an n u a l returns, o a th t o , b y ,

vi
x iv

directo rs, m in o rs’ shares, as t o ,

.

vi

m eetin g s, s t a t e d m o n t h ly , of,

vii

q u alification s o f electors,

vi

secre ta ry , election , d u ties, h o w fix ed ,
b o n d , t o g iv e,

xviii

.

vi

.

.

.

.

vii

treasu rer, m a y b e, .

.

.

.

vi

treasu rer, election , d u tie s a n d b o n d ,
se cre ta ry m a y be,

.

.

.

.

v o tin g o f m e m b e r s for,

vi
vi
vi

Profits and losses, basis o f c o m p u ta tio n of,

xii

a p p o rtio n m e n t o f losses a t once,

xii

d istrib u tio n o f p ro fits a n n u a lly a t lea st,

xii

Real estate, acq u isitio n w here a n y in terest in,

xiii

c o n v e y a n ce at pleasu re,

xiii

sale, lim it w ith in w hich,

xiii

Rebuying a t red uced rate,

ix

n ew m o rtg a g e n o t required,

Returns, annual, .

.

.

d e fe ctiv e , a m e n d m e n t o f,

X

.

.

x iv

.

x iv

p e n a lty fo r failu re t o m a k e ,

x iv

Shares, fo rfeited share a cc o u n t,

xi

fo rfeitu re for arrears,
issue, lim it o f,

X

.

vi

lim it o f sh a reh oldin g,

vi

m a tu re d , p a y m e n t of,

viii

arrears a n d fines, d e d u ctio n ,

.

v iii

in terest a d d ed , w hen,

v iii

m in o rs, issu e in n a m e o f,
w ith d ra w a l o f,

.

.
.

vi
.

vi

n e w series t o b a r prior,

vi

series, issue in , .

vi

tr u st a cc o u n t, w ith d raw al,

vi

u lt im a t e v a lu e of,

vi

w ith d ra w a l a n d retiring,

v ii

fines n o t t o be ch arged , w h en ,

xi

t r u s t acc o u n ts, etc .,

vi

Surplus account, .


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

.

.

.

.

xiii

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

INDICES.

GENERAL INDEX.
PAGE

G e n e ra l R e m a r k s on C o -o p e ra tiv e B a n k s , .....................................................................iii
A g g r e g a t e S ta te m e n t o f C o -o p e ra tiv e B a n k s , ..........................................................v
T a b le s o f C o -o p e r a tiv e B a n k S t a t is t ic s ,..................................................................................... v i - x i
G e n e ra l R e m a r k s on C o lla te r a l L o a n C o m p a n ie s,

.

.

.

.

.

x x v iii

A n n u a l R e p o rts o f C o -o p e ra tiv e B a n k s ,................................................................................... 2 -3 1 8
A n n u a l R e p o rts o f C red it U n i o n s , .....................................................................

.

3 2 3 -3 3 9
APPENDIX
PAGE

S tatutes re la tin g to C o -o p e ra tiv e B a n k s , .................................................................................. v
In d e x to S t a t u t e s , .......................................................................................................................................x x i


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

In d e x

to

the

A n n u a l R ep o e ts .

[ A lp h a b e tic a lly b y L o c a tio n

.]

CO-OPERATIVE BANKS.
L o c a t io n .

Adams, .
Amesbury,
Arlington,
Athol,
Attleborough, .
Auburndale, .
Baldwinville, .
Belmont,.
Beverly, .

Boston, .

Bridgewater, .
Brockton,
Brookline,
Cambridge,
Cambridgeport,
Canton, .


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

CORPORATE NAME.

Adams Co-operative Bank,
Amesbury Co-operative Bank,
Arlington Co-operative Bank, .
Athol Co-operative Bank,
Attleborough Co-operative Bank, .
Auburndale Co-operative Bank,
Baldwinville Co-operative Bank,
Waverley Co-operative Bank, .
Beverly Co-operative Bank,
' Boston Co-operative Bank,
Brighton Co-operative Bank, .
Dorchester Co-operative Bank,
Enterprise Co-operative Bank,
Eureka Co-operative Bank,
Farragut Co-operative Bank, .
Federal Co-operative Bank,
Germania Co-operative Bank, .
Guardian Co-operative Bank, .
Harvard Co-operative Bank, .
Highland Co-operative Bank, .
Homestead Co-operative Bank,
Joseph Warren Co-operative Bank,
Massachusetts Co-operative Bank, .
Mattapan Co-operative Bank, .
Merchants’ Co-operative Bank,
Mt. Washington Co-operative Bank,
Noddle Island Co-operative Bank, .
North Dorchester Co-operative Bank,
Pioneer Co-operative Bank,
Roslindale Co-operative Bank,
Roxbury Co-operative Bank, .
Suffolk Co-operative Bank,
|Trimount Co-operative Bank, .
Union Co-operative Bank,
Volunteer Co-operative Bank,.
West Roxbury Co-operative Bank,
Workingmen’s Co-operative Bank, .
Bridgewater Co-operative Bank,
r Campello Co-operative Bank, .
-j Montello Co-operative Bank, .
I Security Co-operative Bank, .
Brookline Co-operative Bank, .
Reliance Co-operative Bank, .
Columbian Co-operative Bank,
Canton Co-operative Bank,

PAGE

4
6
8
10

.

14
16
18
282
20

.

24
30
58
64
70
76
78
88

98
.

.

102

108

.

120

.
.
.
.
.
.
.

130
154
156
166
178
188
196

.

210

.
.
.
.
.
.
.
.

232
234
262
266
270
274
294
316
28
36
176
242
32
224
50
38

.
.
.

xxvi

IN D E X .
LOCATION.

Chelsea, .
Chicopee,
Clinton, .
Danvers, .
Dedham,.
East Cambridge,
Easthampton,.
Everett, .
Fall River,
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,.


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

CORPORATE NAME.

f Chelsea Co-operative Bank,
1Provident Co-operative Bank, .
Chicopee Co-operative Bank, .
Clinton Co-operative Bank,
Danvers Co-operative Bank, .
Dedham Co-operative Bank, .
Cambridge Co-operative Bank,
Hampton Co-operative Bank, .
Everett Co-operative Bank,
f Fall River Co-operative Bank,
Lafayette Co-operative Bank, .
j People’s Co-operative Bank, .
[ Troy Co-operative Bank, .
[ 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,
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,
Middlesex Co-operative Bank,
'Equitable Co-operative Bank, .
■ Lincoln Co-operative Bank,
Lynn Co-operative Bank,
Malden Co-operative Bank,
Mansfield Co-operative Bank, .
Marblehead Co-operative Bank,
Marlborough Co-operative Bank, .
Medfield Co-operative Bank, .
. f Hillside Co-operative Bank,
1 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, .
. { Acushnet Co-operative Bank, .
1New Bedford Co-operative Bank, .
Newburyport Co-operative Bank, .

[Pub. Doc.
TAGE

40
216
42
48
52
56
34

100
72
74
132
208
268
80
82
84
54
86
90
92
122
94
96
44
104
112
114
46
116
124
126
12
134
168
136
22

140
172
66
138
142
144
146
148
150
160
110
162
164
62
170
174
106
180
2
182
184

IN D E X .

N o . 8.]

COBPORATE NAME.

LOCATION.

Newton, .

.

.

North Abington,
Northampton,.
North Dighton,
North Easton,
North Weymouth, .
Norwood,
Orange, .
Peabody,.

.
.
.
.
.
.
.
.

Pittsfield,
Plymouth,
Quincy, .
Randolph,
Reading, .
Revere, .
Rockland,

.
.
.
.
.
.

Salem,
Sandwich,
Saugus, .
Shirley, .

.
.
.

Somerville,
South Braintree,
Southbridge, .
South Framingham,
South Weymouth, .
Springfield,
Stoneham,
Stoughton,
Taunton,

xxvii

.
.
.
.
.
.
.

.

Tisbury, .
Wakefield,
Waltham,
Watertown,
Webster, .
.
k
Wellesley,
Westfield,
West Somerville, .
West Springfield, .
Weymouth,
Whitman,
Winchendon, .
Winchester,
Winthrop,
Woburn, .
Wollaston,
Worcester,
Wrentham,


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

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

( Newton Co-operative Bank,
1 West Newton Co-operative Bank, .
North Abington Co-operative Bank,
Northampton Co-operative Bank, .
North Dighton Co-operative Bank, .
North Easton Co-operative Bank, .
North Weymouth Co-operative Bank,
Norwood Co-operative Bank, .
Orange Co-operative Bank,
Peabody Co-operative Bank, .
f Pittsfield Co-operative Bank, .
i Union Co-operative Bank,
Plymouth Co-operative Bank,.
Quincy Co-operative Bank,
Randolph Co-operative Bank, .
Reading Co-operative Bank, .
Revere Co-operative Bank,
Rockland Co-operative Bank, .
( Roger Conant Co-operative Bank, .
l Salem Co-operative Bank,
Sandwich Co-operative Bank, .
Saugus Co-operative Bank,
Shirley Co-operative Bank,
f Somerville Co-operative Bank,
l Winter Hill Co-operative Bank,
Braintree Co-operative Bank, .
Southbridge Co-operative Bank,
South Framingham Co-operative Bank,
South Weymouth Co-operative Bank,
Springfield Co-operative Bank,
Stoneham Co-operative Bank, .
Stoughton Co-operative Bank,
f East Taunton Co-operative Bank, .
|Mechanics’ Co-operative Bank,
j Taunton Co-operative Bank, .
'■Weir Co-operative Bank, .
Martha’s Vineyard Co-operative Bank,
Wakefield Co-operative Bank,.
Waltham Co-operative Bank, .
Watertown Co-operative Bank,
Webster Co-operative Bank, .
Wellesley Co-operative Bank,.
Westfield 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, .
Wollaston Co-operative Bank,.
^-Equity Co-operative Bank,
|Home Co-operative Bank,
"1Independent Co-operative Bank,
^Worcester Co-operative Bank,
Wrentham Co-operative Bank,

PAGE

*

186
292
190
192
194
198
200
202
204
206
212
272
214
218
220
222
226
228
230
236
238
240
244
246
306
26
248
250
254
256
258
260
60
158
264
286
152
276
278
280
284
288
290
296
298
252
300
302
304
308
310
312
68
118
128
314
318

IN D E X .

XXVlll

[Pub. Doc.

CREDIT UNIONS.
LOCATION.

CORPORATE NAME.

Boston, .

.

Holyoke,
Lowell, .
Lynn,

.
.

Malden, .
New Bedford, .
Peabody,
Quincy, .
Salem,
Springfield,

.
.
.
.
.
.

Worcester,

.


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

( American Express Employees Credit Union,
.
1Industrial Credit Union,............................................
.
-j Italian Workingmen’s Credit Union,
. . . .
.
j Italo-American Credit Union,.....................................
.
[ Wright & Potter Credit Union,
.
.
Notre Dame du Perpétuel Secours Credit Union, .
.
Notre Dame de Lourdes Credit Union, . . . .
.
f Lynn United Hebrew Credit Union
. . . .
.
( St. Jean Baptiste Parish Credit Union, . . . .
.
Malden Progressive Workmen’s Credit Union,
.
St. Anne Credit U n io n ,............................................
.
Peabody Hebrew Mutual Loan Association Credit Union, .
Quincy Credit U n i o n , ............................................
.
Salem Investment and Credit Union, . . . .
.
Myrick Credit U n i o n , ............................................
.
(La Caisse Populaire de Notre Dame des Canadiens Credit
<
Union......................................................................
.
I Worcester Credit Union,............................................
.

PAGE

323
324
325
326
339
332
331
328
337
329
336
333
334
335
330
327
338

IN D E X .

No. 8.]

Index

to the

XXIX

A n n u a l R eports .

[ A lp h a b e tic a lly b y

C o r p o r a te N a m e . ]

CO-OPERATIVE BANKS.
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,
Auburndale Co-operative Bank,
Baldwinville 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,
Brighton Co-operative Bank, .
Brookline Co-operative Bank, .
Cambridge Co-operative Bank,.
Campello Co-operative Bank, .
Canton Co-operative Bank,
Chelsea Co-operative Bank,
Chicopee 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,
East Taunton Co-operative Bank,
Economy Co-operative Bank, .
Enterprise Co-operative Bank, .
Equitable Co-operative Bank, .
Equity Co-operative Bank,
Eureka Co-operative Bank,
Everett Co-operative Bank,
Fall River Co-operative Bank, .
Farragut Co-operative Bank, .
Federal Co-operative Bank,
Fidelity Co-operative Bank,
Fitchburg Co-operative Bank, .
Foxborough Co-operative Bank,
Gardner Co-operative Bank,


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

LOCATION.

New Bedford, .
Adams, .
Amesbury,
Arlington,
Athol,
Lawrence,
Attleborough, .
Auburndale, .
Baldwinville, .
Beverly, .
Lowell, .
Boston, .
South Braintree,
Bridgewater, .
Boston, .
Brookline,
East Cambridge,
Brockton,
Canton, .
Chelsea, .
Chicopee,
Haverhill,
Holyoke,.
Clinton, .
Cambridgeport,
Danvers, .
Franklin,
Dedham,.
Boston, .
Taunton,.
Merrimac,
Boston, .
Lynn,
Worcester,
Boston, .
Everett, .
Fall River,
Boston, .
Boston, .
Fitchburg,
Fitchburg,
Foxborough, .
Gardner, .

PAGE

2
4
6
8
10
12
14
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
76
78
80
82
84
86

IN D E X .

XXX

[Pub. Doc.

CORPORATE NAME.

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, .
Harvard Co-operative Bank,
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,
Independent Co-operative Bank,
Joseph Warren Co-operative Bank, .
Lafayette Co-operative Bank, .
Lawrence Co-operative Bank, .
Leominster Co-operative Bank,
Lincoln 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,
Martha’s Vineyard Co-operative Bank,
Massachusetts Co-operative Bank, .
Mattapan 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,
Montello 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,
Noddle Island 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,


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

LOCATION.

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Boston, .
Gloucester,
Grafton, .
Greenfield,
Groveland,
Boston, .
Easthampton,.
Boston, .
Haverhill,
Natick, .
Boston, .
Medford,.
Hingham,
Holbrook,
Holyoke,.
Worcester,
Boston, .
Great Barrington, .
Hudson, .
Hyde Park,
Worcester,
Boston, .
Fall River,
Lawrence,
Leominster,
Lynn,
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Lowell, .
Lynn,
Malden, .
Mansfield,
Marblehead, .
Marlborough, .
Tisbury, .
Boston, .
Boston, .
Taunton,
Medfield,
Medford,
Melrose, .
Boston, .
Lawrence,
Middleborough,
Lowell, .
Milford, .
Brockton,
Boston, .
Needham,
New Bedford, .
Newburyport,.
Newton, .
Boston, .
North Abington,
Northampton,
North Dighton,
Boston, .
North Easton,

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IN D E X .

No. S.]
CORPORATE NAME.

North Weymouth 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,
Rockland Co-operative Bank, .
Roger Conant Co-operative Bank, .
Roslindale Co-operative Bank, .
Roxbury Co-operative Bank, .
Salem Co-operative Bank,
Sandwich Co-operative Bank, .
Saugus Co-operative Bank,
Security Co-operative Bank,
Shirley Co-operative Bank,
Somerville Co-operative Bank, .
Southbridge 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,
Trimount Co-operative Bank, .
Troy Co-operative Bank, .
Union Co-operative Bank,
Union Co-operative Bank,
Yolunteer 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, .
Wellesley 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, .
Woburn Co-operative Bank,


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

XXXI
PAGE

LOCATION.

North Weymouth, .
Norwood,
Orange, .
Peabody,.
Fall River,
Boston, .
Pittsfield,
Plymouth,
Chelsea, .
Quincy, .
Randolph,
Reading,.
Cambridge,
Revere, .
Rockland,
Salem,
Boston, .
Boston, .
Salem,
Sandwich,
Saugus, .
Brockton,
Shirley, .
Somerville,
Southbridge, .
South Framingham,
Weymouth, .
South Weymouth, .
Springfield,
Stoneham,
Stoughton,
Boston, .
Taunton,.
Boston, .
Fall River,
Boston, .
Pittsfield,
Boston, .
Wakefield,
Waltham,
Watertown,
Belmont,.
Webster, .
Taunton,.
Wellesley,
Westfield,
Newton, .
Boston, .
West Somerville, .
West Springfield, .
Whitman,
Winchendon, .
Winchester,
Somerville,
Winthrop,
Woburn, .

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IN D E X .

[Pub. Doc. No. 8.
LOCATION.

CORPORATE NAME.

Wollaston Co-operative Bank,............................................
Worcester Co-operative Bank,............................................
Workingmen’s Co-operative Bank........................................
Wrentham Co-operative Bank,............................................

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Worcester,
Boston, .
Wrentham,

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Boston,
Boston,
Boston,

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CREDIT UNIONS.
American Express Employees Credit Union, . . . .
Industrial Credit U n ion,....................................................
Italian Workingmen’s Credit U n i o n , ..............................
Italo-American Credit Union,............................................
La Caisse Populaire de Notre Dame des Canadiens Credit
U n io n ,..........................................................................
Lynn United Hebrew Credit U n i o n , ..............................
Malden Progressive Workmen’s Credit Union,
Myrick Credit U n i o n , ...................................................
Notre Dame de Lourdes Credit U n io n ,..............................
Notre Dame du Perpétuel Secours Credit Union, .
Peabody Hebrew Mutual Loan Association Credit Union,
Quincy Credit U n i o n , ....................................................
Salem Investment and Credit U n i o n , ..............................
St. Anne Credit U n i o n ,....................................................
St. Jean Baptiste Parish Credit U n io n ,..............................
Worcester Credit Union, .
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Wright & Potter Credit U n i o n , .....................................


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

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Worcester,
Lynn,
Malden, .
Springfield,
Lowell, .
Holyoke,
Peabody,
Quincy, .
Salem,
New Bedford, .
Lynn,
Worcester,
Boston, .