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Public Document
No. 8
ANNUAL REPORT
OF THE
BANK COMMISSIONER.
1912.
P A R T I.
RELATING TO
SAYINGS BANKS, INSTITUTIONS FOR SAYINGS, TRUST COMPANIES
AND FOREIGN BANKING CORPORATIONS.
BOSTON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
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Federal Reserve Bank of St. Louis
18 P ost Office S quare.
1913.
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Federal Reserve Bank of St. Louis
A
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T he S tate B oard
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Office of the B a n k C ommissioneb ,
State H ouse , January 15, 1913.
To the General Court of Massachusetts.
The animal report of this department is herewith submitted under
the requirements of section 15, chapter 590, Acts of 1908, and exhibits
the condition of savings banks, co-operative banks and credit unions as
disclosed by their annual returns of October 31, 1912, and also of trust
companies at the date of each of the five calls during the past year.
The complete report will, as heretofore, consist of two parts: Part
I. relating to savings banks and trust companies, and Part II. relating
to co-operative banks and credit unions.
The customary consolidated statements covering transactions of sav
ings banks and trust companies follow this report.
G e n e r a l St a t e m e n t .
The aggregate assets of the various companies or individuals under
the supervision of the department, compiled from their last reports, are
as follows : —
Assets.
194 savings banks,
.
.
.
.
.
.
Massachusetts Hospital Life Insurance Company, .
65 trust companies, .
.
.
.
.
.
162 co-operative banks,
.
.
.
.
.
26 credit unions,
.
.
.
.
.
.
3 savings and loan associations,2
1 foreign banking corporation, .
.
.
.
97 steamship agents, receiving deposits of, .
549 institutions and agents under the supervision
of this department, .
.
.
.
.
Total increase (40),
.
.
.
.
.
$902,105,755
31,155,219
415,882,487
74,484,048
94,080
1,604,069
654,083
1,312,815
Increase.
94 $39,571,693 30
20
117,398 90
00
2,932,426 00
22 1
6,910,667 39
41
67,042 06
12
1,604,069 12
65
12,206 05 3
00 4
254,634 00
$1,427,292,558 54
$51,445,724 72
1 The Berkshire County Co-operative Bank, now being liquidated, was included in a similar table
in 1911 report, but is omitted from the above figures.
2 Reports first required b y chapter 121, Acts of 1912.
2 Decrease.
4 Deposits.
Sa v in g s B a n k s .
The Hibernia Savings Bank of Boston and the Revere Savings Bank
of Revere were chartered and commenced business during the year.
The verification of all real estate loans held by the savings banks
through personal correspondence with the borrower, and to which
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Federal Reserve Bank of St. Louis
Wm § m w
IV
REPORT OF THE
[Pub. Doc.
allusion was made in the last preceding report, has been practically
completed. Over 102,000 loans, amounting to about $400,000,000, have
been verified, and it is gratifying to note that no substantial differences
were disclosed.
Upon the recommendation of my predecessor the General Court of
1912 amended the law relative to auditing so that any savings bank
might request the department to audit its affairs instead of having the
work performed by a certified public accountant. Several banks have
already taken advantage of the changed conditions, and the depart
ment is prepared to undertake the work to whatever extent may be
requested.
Greenfield Savings Bank.1
In the last annual report it was stated by my predecessor that “ unless
some unforeseen contingency arises, the bank should open for business
during the present year [1912], prepared to pay its depositors in full,
but without interest since the bank suspended payment.”
On November 1, 1912, the financial state of the bank would, under
ordinary conditions, have justified the commissioner in relinquishing
possession and restoring the management to the hands of its trustees
to transact its business in the usual course, with its affairs in most
excellent condition and fully prepared to pay any depositor the amount
of his deposit, but there was a suit begun by my predecessor and still
pending against some of the former officers to recover for the benefit
of the depositors.
The suit having been prosecuted with diligence, the defendants'
demurrer having been overruled by the Supreme Judicial Court, and
hearings on the facts being in progress, I have deemed it unwise to
have the bank reopened, in order that the prospects of recovery from
this suit should not be endangered.
Relying upon the advice of counsel that a substantial sum should be
recovered which would benefit the depositors to quite an extent for
the loss of dividends during the period since the suspension of the bank
in February, 1909, and, furthermore, it appearing that the Bank
Commissioner is the only one empowered to continue the prosecution
of the suit, and only while the bank remains in his possession, I have
1A settlement of this matter has been arranged b y which the defendants are to pay the bank $100,000,
and the Supreme Judicial Court has been asked and has given its approval of this settlement. Arrange
ments are being made for the bank to resume business early in April, 1913, with its deposits and guar
anty fund unimpaired.
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Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
V
asked the present Legislature to amend the existing laws so that, after
surrendering the management of the bank to its officers, the Bank
Commissioner may be authorized to continue the prosecution of suits
begun by him while in control of its affairs.
T
r u st
C o m p a n ie s .
Following is a list of trust companies which have commenced busi
ness since October 31, 1911: —
Cosmopolitan Trust Company, Boston.
Franklin County Trust Company, Greenfield.
Granite Trust Company, Quincy.
Guaranty Trust Company, Cambridge.
The formation of the Winchester Trust Company was authorized by
the Board of Bank Incorporation prior to October 31, 1912, but it had
not commenced business at that date.
P e r s o n s , P a r t n e r s h ip s , A s so c ia t io n s
St e a m s h ip T
S a f e k e e p in g
ic k e t s a n d
or
T
also
or
r e c e iv e
r a n s m is s io n
C o r p o r a t io n s
D
e p o s it s
of
that
M
oney
sell
for
A broad.
By the provisions of chapter 428, Acts of 1905, and acts in amend
ment thereof and in addition thereto, these persons are required to
furnish a bond in a sum designated by the Bank Commissioner, and,
upon acceptance of this bond, a license is issued authorizing the trans
action of the business in question at a place designated in that license.
They are then subject to the supervision of this department, their
books and accounts are examined once each year, and they are required
to make an annual report to the department.
At the close of business October 31, 1912, the number of these per
sons under the supervision of this department was 97, an increase of
21 since October 31, 1911. Of this number, 37 received deposits of
money for safekeeping, amounting on October 31, 1912, to $1,312,815,
an increase during the year of $254,634, the number of depositors on
that date being 13,008. The total amount of money sent for deposit
in the Italian Postal Savings Bank during the year was $640,388, an
increase of $15,238. The total amount of money received for trans
mission abroad during the same period was $7,110,860, an increase of
$774,133.
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Federal Reserve Bank of St. Louis
[Pub. Doc.
REPO RT OF THE
VI
The following table is compiled from the last five annual reports
made to this department, and shows the amount of money forwarded
to various foreign countries: —
A m o u n t p o b w a s d b d d u r in g Y e a r e n d in g —
C ountry .
Oct. 31,1910.
Oct. 30,1909.
Oct. 31, 1908.
$3,484,373 $3,157,747
1,135,123
1,319,051
854,904
814,275
386,297
322,531
282,748
409,118
277,170
286,194
100,594
117,769
172,4311
—
46,294 i
21,284
38,133
18,770
16,924
142,719
43,138
$3,058,948
1,027,436
1,237,401
251,421
268,068
240,196
76,972
$2,137,204
796,258
519,115
164,133
203,325
181,095
52,470
$2,206,627
925,420
438,717
47,545
188,323
190,340
98,885
62,175
22,232
133,000
35,349
16,862
195,142
87,835
20,809
247,439
$6,336,727
$6,377,849
$4,300,953
$4,451,940
Oct. 31,1912.
Italy,
Russia,
Great Britain,
Turkey,
Greece,
Austria,
Finland,
Azores,
France,
Sweden,
Germany, .
Other countries, .
Totals,
$7,110,860
Oct. 31, 1911.
-
-
-
—
—
—
1 N ot reported in previous years.
C o- o p e r a t iv e B a n k s .
The North Cambridge Co-operative Bank, Sharon Co-operative Bank
and Walpole Co-operative Bank were chartered and commenced busi
ness during the year.
The laws governing co-operative banks were completely revised by
the General Court of last year, the resultant legislation being embodied
in chapter 623 of the Acts of 1912. Under the requirements of this act
the department is called upon to thoroughly audit the affairs of every
bank in addition to the customary examination which has hitherto
prevailed. The imposition of this duty upon the department will
render local auditing unnecessary, and to partially compensate the
State for the work assumed, every bank is required to pay a fee of 10
cents for each SI,000 of its assets at the date of examination, which
will yield about $7,500 to the treasury of the Commonwealth during
the present year.
C r e d it U n i o n s .
On October 31, 1912, there were 26 credit unions in operation and
reporting to this department, being a net increase during the year of
9 institutions of this character. At the date named the total mem
bership of the 26 credit unions was 2,862, and thëir combined assets
amounted to 194,080.41.
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Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
V ll
The St. Eulalia Men’s Association Credit Union of South Boston,
which began business in May, 1912, and the Wright & Potter Credit
Union, which began in December, 1910, have both ceased to do busi
ness and liquidated their affairs in conformity with law.
The affairs of the credit unions, as well as the co-operative banks,
will be more particularly referred to in the text of Part II. of the
annual report.
S chool S a v in g s B a n k s .
The provisions of the act authorizing savings banks to receive deposits'
from school children is meeting with considerable favor, and already
43 savings banks have received the approval of this department,
enabling them to transact the business contemplated by the act.
These banks are receiving deposits from 387 different schools located
in 50 cities or towns, the system being operated in 2,352 rooms.
The total number of enrolled scholars in the 387 schools on October
31, 1912, was 95,996, and of this number 45,744 were depositors.
Prior to the passage of the law under review, there were many sav
ings banks receiving deposits from school children through movements
introduced and fostered by philanthropic agencies for the promotion
of thrift, most of which operated through the sale of special stamps
representing the amount of savings. Owing to lack of records, it is
impossible to ascertain the total amount accumulated and saved through
this method. Based upon such data as could be obtained, the follow
ing information has been collated: —
Number of deposits received from the inception of the system to
October 31, 1912, 323,299.
Amount of such deposits, $128,705.31.
Number of withdrawals (not including amounts transferred to sav
ings bank pass books) from the inception of the system to October 31,
1912, 7,167.
Amount of such withdrawals, $19,004.37
Amount to the credit of depositors in the school savings banks Octo
ber 31, 1912, $38,820.40.
Number of scholars to whom savings bank pass books have been issued
from the inception of the system to October 31, 1912, 13,891.
Amount of deposits transferred from school savings banks to savings
bank pass books from the inception of the system to October 31, 1912,
$69,119.88.
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Federal Reserve Bank of St. Louis
V ll l
REPO RT OF THE
[Pub. Doc.
S a v in g s B a n k L if e I n s u r a n c e .
The fourth full financial year of Savings Bank Life Insurance ended
October 31, 1912. This report includes the annual statements for the
year of the four banks which have undertaken the business of life in
surance under chapter 561 of the Acts of 1907. The four banks are the
Whitman Savings Bank of Whitman, the People’s Savings Bank of
Brockton, the Berkshire County Savings Bank of Pittsfield, and the
City Savings Bank of Pittsfield.
The object of savings bank life insurance is to eliminate the agent
and house-to-house collector of premium, and the expense attendant
thereon, and to furnish to the wage earners of this Commonwealth life
insurance at the lowest possible cost. There is substituted for the
collector of premiums the agency system, in connection with the savings
insurance banks, by which agencies are established in mills, factories
and other places for the benefit of the employees only, the employee
authorizing the employer, if he so desires, to deduct the premiums
from the pay roll as they fall due, the agency transmitting such pre
miums once a month to the banks. The banks have established other
public agencies where any policyholder may pay premiums. The
agency plan overcomes the policyholder’s lack of initiative, and the
possibility of his insurance lapsing by his forgetting to pay the pre
mium; while under the old system he must be importuned to make
payment each week. The premiums thus will continue to be paid until
the insured takes definite action to the contrary. Also, if a policyholder
has a savings account in the bank he may authorize the savings de
partment to pay the premiums on his policy of insurance in the in
surance department from his savings account as his premiums fall due.
Premiums on about 230 policies are now paid in this way.
No new forms of policies have been issued during the year. The
forms issued are as follows: —
(a) By monthly premiums.
1. Whole life policy, with premiums ceasing at age seventy-five.
2. Endowment policy, maturing at age sixty-five.
3. Twenty-year endowment policy.
4. Insurance and old-age pension policy, combining a certain sum of life
insurance up to age sixty and sixty-five, with a certain sum payable to the
policyholder from the bank each year thereafter as a life income.
5. Old-age pension policy, without insurance, but providing (if desired)
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Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
IX
for the return of all premiums paid in event of death before the age at which
the life income is to begin. These life incomes or “ pensions” may be arranged
to begin either at age sixty or at age sixty-five.
(b) By annual premiums (or semi-annual or quarter-annual instalments
thereof).
1. Straight life policy.
2. Twenty-payment life policy.
3. Twenty-year endowment policy.
(c) By single premium.
Immediate annuity.
The monthly premium policies replace the “ industrial” policies for
small amounts in the companies, paid for by weekly premiums; these
monthly premium policies are intended for the needs of a large pro
portion of the wage earners of this Commonwealth, and are issued in
various amounts, not greater than $500.
The annual premium policies are issued for $500 only in one bank,
and are intended for those wage earners whose circumstances enable
them to meet premium obligations quarterly, semi-annually or an
nually, instead of every month. These policies are also intended for
school teachers, clergymen, clerks, etc. In four savings insurance banks
it is thus possible to obtain $2,000 as a maximum of insurance.
The abstract of the combined reports of the insurance departments
of the four savings insurance banks shows the total premium income
as $102,832.27. The total interest income was $10,300.29. The total
income was $138,251.06, which includes $25,000 special guaranty
funds received by the City Savings Bank of Pittsfield on account of
the insurance department established July 6, miscellaneous items of
income including $62.50 profit on the sale of bonds owned by the Whit
man Savings Bank, etc.
The total disbursements of the year for all four banks were $39,644.37, of which $21,877.67 was to policyholders, which includes death
claims amounting to $6,513, annuity payments of $200, dividends
amounting to $7,117.71, surrender values paid in cash $5,850.04, and
surrender values applied to purchase extended and paid-up insurance
amounting to $2,189.19.
The total expenses chargeable against the premiums received during
the year amount to $17,766.70, or 17.3 per cent. The contributions
to the general insurance guaranty fund amount to $3,876.66, which,
although a charge against the premiums, is not, strictly speaking, an
expense. The total expenses less guaranty fund contributions leaves
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Federal Reserve Bank of St. Louis
X
REPO RT OF THE
[Pub. Doc.
a balance amounting to $13,890.04. In this amount, $3,000 interest
paid to holders of the certificates of the special guaranty funds is in
cluded, although not a charge against the premiums. Deducting this
item leaves a balance of $10,890.04, of which $3,181.56 was on account
of medical fees, which occur only once during the history of the policy.
The total expenses of $17,766.70 less medical fees leaves $14,585.14,
which includes the contribution to the general insurance guaranty
fund, irrespective of the duration of the policy, and $3,000 interest paid
to holders of the certificates of the special guaranty funds. This ratio
of expense gives about 14 per cent, as a measure of the charge against
the premiums after the first year. The first year of business of the
Berkshire County Savings Bank and the first months of the City Sav
ings Bank serve to offset the showing made by the two older banks.
The admitted assets of all four banks amount to $321,586.76, of
which $100,000 is on account of $25,000 guaranty funds in each of
the four banks. The general insurance guaranty fund, made up of
4 per cent, of the premiums collected by all banks, now amounts to
$10,207.83, and is also a general asset.
The total liabilities, not including $100,000 in guaranty funds, amount
to $221,586.76, which includes $174,986 reserve set aside on all policies
outstanding in all banks on October 31, 1912, the dividends apportioned,
surplus, etc.
The dividends apportioned payable during the coming year amount
to $8,832.33, and a surplus in excess of all liabilities amounting to
$32,174.33 is shown.
There were issued by all banks during the year ending October 31,
1912, 2,590 policies, representing $924,505 of insurance. There were
also 22 old policies revived, amounting to $9,907 of insurance. The
net gain is 1,566 policies, for $562,099 of insurance. There were in force
in all four banks on October 31, 1912, 6,652 policies for $2,528,809 of
insurance, with annuity additions of $16,229. There were also in force
82 deferred annuities, representing annual payments of $11,026.
Last year the Commonwealth appropriated $15,000 to carry out the
purposes of the act, to cover the cost of the State Medical Director’s
and State Actuary’s departments, and of the printed forms and books
of record, etc., to be furnished the banks. Thus the banks are freed
from the outset of administrative expense, which otherwise would be a
heavy drain on their resources, especially during the early years of
operation.
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Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
xi
As to comparative cost, the State Actuary estimates that for the
monthly premium form, taking first the quoted gross rates for the life
policy, the savings bank insurance policy guarantees a saving of about
17 per cent, as compared with that of the largest industrial company.
The dividends which have been declared on these policies are as fol
lows : —
First year, 8% per cent.
Second year, 12% per cent.
Third year, 14 per cent.
Fourth year, 16% per cent.
Fifth year, 20 per cent.
In the fifth year, considering the above dividends, the net cost is
about 35 per cent, cheaper than in the largest industrial company.
Thus year by year the saving to the small policyholder increases.
In the case of the $500 annual premium policies, the largest indus
trial company reduced the rates on this form of policy during the year;
these policies are, however, nonparticipating in this company. During
the year, also, the State Actuary made a readjustment of the mor
tality basis of the straight life and twenty-payment life policies under
this form, which resulted in a lowering of rates. These $500 annual
premium policies are now lower in initial cost than any policy of ordi
nary insurance where the occupations are more restricted. Substantial
dividends have been declared on this form of policy, still further re
ducing the cost, not only over the intermediate policies of the industrial
companies, but also over the policies of the old line companies doing
ordinary insurance business.
The net cost of insurance will continue to improve with the lapse of
time and the growth of the business.
The surplus set aside for the payment of dividends during the financial
year now current absorbed in the Whitman Savings Bank about 45
per cent, and in the People’s Savings Bank about 45 per cent, of the
gain in surplus for the year. The monthly premium dividend scale is
given above; the annual premium dividend scale is not possible to be
represented by a uniform per cent, of the annual premium, but varies
with the kind of policy, the age at issue and duration; these, however,
vary from about 7 per cent, to about 14 per cent, of the annual
premium.
The number of agencies has increased, there being now about 175
wrhich have an appreciable amount of business in force. The number
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Federal Reserve Bank of St. Louis
REPORT OF THE
X ll
[Pub. Doc.
of public agencies has also increased, and the 18 savings banks and
trust companies which are such agencies are listed as follows: —
Attleboro Trust Company.
Beverly Savings Bank.
Bridgewater Savings Bank.
Cape Ann Savings Bank, Gloucester.
Chicopee Savings Bank.
Chicopee Falls Savings Bank.
Cosmopolitan Trust Company, Boston.
County Savings Bank, Chelsea.
East Bridgewater Savings Bank.
Framingham Trust Company.
Great Barrington Savings Bank.
Holyoke Savings Bank.
Ludlow Savings Bank.
Newburyport Five Cents Savings Bank.
North Adams Savings Bank.
Waltham Trust Company.
Ware Savings Bank.
Woronoco Savings Bank, Westfield.
The general insurance guaranty fund, amounting to over $10,000,
is intact; the special guaranty funds of the banks are also untouched,
besides having paid to their subscribers 4 per cent, interest on the in
vestment; and in addition each bank has a substantial surplus.
The City Savings Bank of Pittsfield opened its insurance department
July 6, 1912.
U n c l a im e d D
e p o s it s .
Under statutory requirements the savings banks are called upon
every five years to render a list of depositors having $25 or more to
their credit and upon whose accounts there have been no transactions
for twenty years next preceding the date of the report.
The detailed information conveyed in these reports is published in a
supplementary pamphlet, and will be the sixth report of this character.
As a matter of interest the following comparative summaries are
presented: —
In
In
In
In
In
In
1887,
1892,
1897,
1902,
1907,
1912,
68 banks reported
79 banks reported
95 banks reported
108 banks reported
115 banks reported
95 banks reported
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Federal Reserve Bank of St. Louis
1,422 accounts,
1,526 accounts,
1,721 accounts,
1,804 accounts,
1,921 accounts,
930 accounts,
aggregating
aggregating
aggregating
aggregating
aggregating
aggregating
$478,388.28
506,131.19
567,318.01
566,195.37
567,932.85
228,889.09
No. 8.]
BANK COMMISSIONER.
X lll
During the past year action was instituted by the Attorney-General
in the probate courts of the Commonwealth to carry out the provisions
of law which requires the savings banks to pay over to the Treasurer
and Receiver-General all unclaimed or dormant deposits of more than
thirty years’ standing.
The result of this action is reflected in the marked decrease shown
between the reports of 1907 and 1912.
A comparison of the present reports with those of five years ago
shows that 59 banks which made returns in 1907 have either dis
covered the owners of dll the accounts reported by them at that time,
numbering 226 and amounting to $43,874.68, or have paid over to the
Treasurer and Receiver-General the amounts represented by such
accounts, and the reports of 56 other banks show that 1,464 accounts,
amounting to $463,811.75, reported in 1907 do not appear in the reports
of October 31, 1912, for reasons similar to those given above.
The present reports show 699 accounts, amounting to $159,045.92,
which appear for the first time, included in which are 25 accounts,
amounting to $10,891.85, reported by 10 banks which did not return
any such accounts in 1907; in the five years since the date of the pre
ceding report there have been eliminated 1,690 accounts, aggregating
$507,686.43.
V
e r if ic a t io n
of
P ass B
ooks.
The triennial verification of depositors’ pass books in all the banks
will be made during the first ten months of the year 1913, under rules
approved by the Bank Commissioner.
C e r t if ie d P u b l ic A c c o u n t a n t s .
The fourth examination of applicants for certificates as public ac
countants was held June 3, 4, 5, 1912; 58 applicants were examined,
of whom but 3 were successful.
On August 1, 1912, the number of public accountants holding certifi
cates of registration under the laws of this Commonwealth was 99.
B oard
of
B a n k I n c o r p o r a t io n .
This Board, consisting of the Bank Commissioner, Treasurer and
Receiver-General and the Commissioner of Corporations, is constituted
by chapter 590, Acts of 1908, to pass upon all applications for the estab
lishment of domestic banking corporations.
During the calendar year 1912 the Board has held 39 meetings and
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Federal Reserve Bank of St. Louis
X IV
REPO RT — BANK COMMISSIONER.
[Pub. Doc. No. 8.
heard 32 petitions, 29 of which were granted, 2 refused and 1 held in
abeyance.
R e c o m m e n d a t io n s .
I hereby make the following recommendations for consideration and
action by the General Court during the ensuing year : —
1. That chapter 399, Acts of 1910, which requires the Bank Commis
sioner to take possession of delinquent corporations and individual
bankers under his supervision, be amended so that he may be authorized
to relinquish his possession when the bank is ready to resume and at
the same time continue the prosecution of causes begun by him while
in control.
2. That the statute relative to investments by savings banks and
institutions for savings be amended so that such corporations may
retain for a reasonable and proper time investments in certain bonds,
stocks or notes, which at the time of their acquisition were legal invest
ments and which have subsequently become illegal through failure of
the issuing corporation to comply with the requirements of the law.
Also, that bonds which have been legal investments shall not become
illegal by reason of temporary failure to meet legal requirements.
3. That section 3, chapter 590, Acts of 1908, be so amended that the
number of examiners to be employed shall be determined by the Bank
Commissioner, subject to the approval of the Governor and Council.
4. That section 35, chapter 590, Acts of 1908, be amended so as to
permit the acceptance and approval of fidelity insurance policies.
5. That the laws regulating those persons, partnerships, associations
or corporations who receive money for safekeeping or transmission
abroad be amended so as to more fully protect the public interests.
6. That chapter 450 of the Acts of 1909, limiting the time in which
to bring action for breach of bond, be repealed.
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Federal Reserve Bank of St. Louis
Respectfully submitted,
AUGUSTUS L. TH ORN DIKE,
Bank Commissioner.
STATEMENTS
Sayings Banks and Trust Companies.
IN D E X.
N umber.
Sa v in g s B a n k s .
1. Aggregate statement of condition
.
.
2. Comparative condition of all banks
page
.
.
.
.
.
.
.
.
.
.
.
.
.
xvi
.
xviii
3. Comparative condition of Boston banks .
.
.
.
.
.
.
4. Condensed statistics of transactions
.
.
.
.
.
.
xx
xxi
5. Income account
.
.
.
.
.
.
.
.
.
.
.
.
xix
6. Dividends
.
.
.
.
.
.
.
.
.
.
.
.
xxii
7. Expenses
.
.
.
.
.
.
.
.
.
.
.
.
xxiii
8. Surplus
.
.
.
.
xxiii
9. Real estate by foreclosure
.
.
.
.
10. Investments producing no income
.
.
.
.
.
.
.
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.
xxiv
.
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xxiv
.
.
11. Changes in real estate and personal loans
.
.
.
.
.
.
.
xxv
12. Statistics covering from 1834 to 1912 inclusive .
.
.
.
.
.
xxvi
.
xliii
25. List of legal investments
.
.
.
.
.
.
.
.
T rust C ompanies .
13. Statistics covering from 1879 to 1912 inclusive, all companies
.
.
14. Statistics covering from 1879 to 1912 inclusive, Boston companies
.
15. Statistics covering from 1879 to 1912 inclusive, companies outside of Boston
16. Aggregate statement, banking departments, all companies .
.
17. Aggregate statement, banking departments, Boston companies
.
.
19. Aggregate statement, savings departments, all companies .
.
.
.
23. Reserves
.
.
.
24. Earnings and dividends .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
.
.
.
.
xxx
xxxii
xxxiv
.
xxxv
.
xxxvi
.
xxxviii
.
xxxix
.
.
21. Aggregate statement, savings departments, companies outside of Boston
22. Aggregate statement, trust departments, all companies
xxviii
.
.
18. Aggregate statement, banking departments, companies outside of Boston
20. Aggregate statement, savings departments, Boston companies
.
.
.
.
.
xxxvii
xl
.
.
.
.
xli
.
.
.
.
xlii
REPO RT OF THE
XVI
[Pub. Doc,
STATEM E N T No. 1.
A
Statem
ggregate
ent,
O ctober
31, 1912, 194
Assets.
S a v in g s B
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes .
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies .
Boston Terminal Co. bonds
American Tel. & Tel. Co. bonds .
Securities acquired in settlement of indebtedness
$90,691,152
156,739,800
25.587.000
11,177,899
8,144,000
12.729.000
2,478,217
94
00
00
01
00
00
35
$89,847,504
150,125,417
24,759,392
23,103,315
7,818,240
11,392,455
1,701,169
an ks.
Book Value.
49
00
50
25
00
00
21
$90,536,581
154,589,906
25,292,782
12,258,219
8,167,487
11,565,409
1,637,668
32
53
20
80
52
90
41
$307,547,069 30 $308,747,493 45 $304,048,055 68
107,061 loans on real estate (average of each, $8,936.35 ) .
Less amount due on uncompleted loans
.
.
.
.
.
$422,271,462 04
841,827 44
.
.
421,429,634
151,046,205
7,322,688
78,686
1,808,426
48,219
140,731
38,626
14,780,377
1,364,103
10,485
loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 9,750,677.84 ; assessed value, $9,286,278.60)
Furniture and fixtures
.
.
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $2,335,526)
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
.
Other assets
.
.
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
.
.
60
78
00
32
94
39
76
78
20
49
Total A s s e t s ..........................................$902,105,755 94
Liabilities.
Due depositors on 2,200,917 accounts, averaging $381.04 each
.
.
.
.
$838,635,097 85
Accounts opened during year, 300,467; closed, 287,093; increase, 63,374)
Surplus: —
a. Guaranty fund (4.71% o f deposits; increase during year, $1,845,152.56) .
. 39,493,627 68
b. Profit and loss (increase during year, $1,211,063.13)
.
.
.
.
.
16,564,496 36
Current income: —
a. Interest .
.
.
.
.
.
.
$7,604,789 68
b. Rent
.
.
.
.
.
.
74,098 37
— —
—
$7,678,888 05
Less current expenses not charged off
.
.
$435,223 95
Less State or local taxes not charged off
.
45,824 76
----------------------481,048 71
- ... ........
■■
7,197,839 34
Other liabilities .
.
.
.
.
.
.
.
.
.
.
.
.
214,694 71
Total Liabilities
.
.
.
.
$902,105,755 94
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$1,749,475.00 $1,579,184.13 $285,370.89 $35,035.69 $384,097.59 $4,033,163.30
Cost per $1,000 of assets
1 .94
1.75
. 32
. 04
. 42
4.47
Gross income received during the year, $39,201,251.97.
Number of loans not over $3,000 each, 81,403, amounting to $115,123,040.74.
14,683
real estate loans made during year, amounting to $58,402,701.03.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: average rate, 3.91%
.
.
.
.
Extra dividends declared during year .
.
.
.
.
.
.
.
.
Special dividend declared to depositors of record January 21, 1910, in the Southbridge
Savings Bank
.
.
.
.
.
.
.
.
.
.
.
.
Number of deposits during year, 2,593,601, amounting to
.
.
.
.
Number of withdrawals during year, 1,822,515, amounting to .
Net increase in amount due depositors
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$30,514,820 19
82,390 45
25,663 10
151,738,371 01
$182,361,244 75
145,946,853 93
$36,414,390 82
BANK COMMISSIONER.
No. 8.]
T
otal
L
oans and
I n v e s t m e n t s o f S a v in g s B a n k s o n O
e a c h S p e c if ie d R a t e o f I n t e r e s t .
R a t e (P e b C e n t ).
0 .................................................
1 . 0 0 ........................................
1 .0
1 .7
1 .7
1 .8
2 .0
2 .3
2.55
2 .7
2 .8
2 .8
2 .9
3 .0
3 .1
3.125
3 .1
3 .2
3 .2
3 .3
3 .3
3.375
3 .4
3 .4
3 .4
3 .5
3 .5
3.562
3 .6
3.625
3 .6
3 .6
3 .6
3 .7
3 .7
3 .7
3.775
3 .8
3 .8
3.875
3 .9
3 .9
3 .9
3 .9
4 .0
4 .0
4 .0
4.125
4 .2
4 .2
4 .2
4 .3
4.375
4 .5
4:625
4 .7
4.875
5 .0
5 .1
5 .2
5.375
5 .5
5.625
5 .7
5.875
6 .0
6.383
6 .5
7 .0
7 .3
7 .5
8 .0
8 .5
9 .0
1 0 .0 0
1 1 .0 0
5
5
7
0
0
7
5
0
7
0
0
0
5
0
5
0
5
0
4
5
0
5
0
5
8
9
0
5
7
0
5
0
4
5
8
0
5
8
0
4
5
0
0
5
....................................
....................................
....................................
....................................
....................................
....................................
.
.
.
.
.
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
0
0 ................................................
5 ....................................
....................................
0 ....................................
....................................
5 ....................................
0
0
0
0
0
0
0
0
X V II
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Loans on Real
Estate.
Loans on Per
sonal Security.
$10,600 00
6,500 00
_
_
_
_
_
_
_
_
_
$91,800 55
27,500 00
_
_
_
2,458,000 00
_
_
_
_
_
4,526,229 10
-
-
236,500 00
-
9,268 76
_
4,800 00
-
5,000 00
-
-
_
-
325,500 00
_
_
_
6,791,000 00
_
_
—
571,000 00
_
_
_
-
39,953,690 86
_
10,569,349 44
-
-
394,000 00
_
2,569,500 00
-
11,048,635 35
34,235,948 00
270,500
51,696,875
11,750
4,394,890
15,717,578
31,623,701
621,800
6,856,529
118,500
23,965,952
_
00
34
00
79
-
263,865,636 89
2,850 00
339,082 00
-
19,010,358 30
-
7,100 00
-
15,676,904 11
-
9,640
29,341
1,000
750
300
-
00
86
00
00
00
-
10
28
00
06
00
51
-
9,250,565
445,000
9,765,941
112,000
1,545,021
25,000
3,250,950
4,700
1,050
19,400
-
250 00
-
-
-
Bonds,
Stocks, etc.
$1,141,498 13
71,900 00
15,665 00
5,300 00
34,375 00
292,215 31
-
65,425
350,000
20,000
100,000
25,000
3,273,829
35,800
25,000
100,000
11,900
466,000
105,000
100,000
73,000
227,300
53,100
58,140
67,709,727
212,000
40,600
357,500
247,244
429,300
10,000
25,000
140,000
1,246,510
10,000
10,000
207,800
204,300
77,567
109,800
2,700
25,000
6,000
165,204,316
10,000
20,000
69,180
10,000
50,000
900,434
7,000
20,000
26,959,985
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
47
00
00
00
20
00
00
00
00
00
00
00
00
00
32
00
00
00
00
42
00
00
00
00
00
00
00
00
53
-
129,400 00
10,000 00
17,388,815 96
-
00
00
07
00
43
00
58
00
00
00
-
ctober
-
10,000 00
-
2,500 00
-
9,046,185 63
-
21,400 00
3,633,853 33
-
1,600
3,141,050
7,500
246,700
1,867,317
352,900
00
00
00
00
00
00
31, 1912,
at
Total Loans and
Investments.
$1,243,898 68
78,400 00
15,665 00
5,300 00
236,500 00
34,375 00
292,215 31
9,268 76
65,425 00
350,000 00
20,000 00
100,000 00
25,000 00
3,306,129 00
35,800 00
25,000 00
100,000 00
11,900 00
2,924,000 00
105,000 00
100,000 00
73,000 00
227,300 00
53,100 00
58,140 00
72,240,956 57
212,000 00
40,600 00
357,500 00
572,744 20
429,300 00
10,000 00
25,000 00
140,000 00
8,037,510 00
10,000 00
10,000 00
207,800 00
204,300' 00
648,567 32
109,800 00
2,700 00
25,000 00
6,000 00
215,727,356 72
10,000 00
20,000 00
3,032,680 00
10,000 00
50,000 00
46,185,017 35
7,000 00
16,008,078 10
110,280,562 15
633,550 00
11,380,819 85
128,500 00
305,220,405 36
2,850 00
9,589,647 00
445,000 00
28,786,299 37
112,000 00
1,554,621 43
25,000 00
27,974,040 32
4,700 00
32,090 00
3,682,595 19
1,000 00
2,350 00
3,141,600 00
7,500 00
246,700 00
1,867,317 00
352,900 00
REPO RT OF THE
xviii
T
otal
L
oans and
E
ach
I nvestm en ts
S p e c if ie d R
Totals
.
.
Average rate
.
Loans on Per
sonal Security.
_
....................................
....................................
....................................
....................................
....................................
....................................
_
-
_
-
Total Loans and
Investments.
$652,100
14,300
20,600
22,600
5,800
35
$652,200
14,300
20,600
22,600
5,800
35
-
-
-
at
Bonds,
Stocks, etc.
$100 00
-
.
31, 1912,
S a v in g s B a n k s o n O c t o b e r
o f I n t e r e s t — Concluded.
Loans on Real
Estate.
R a t e (P e e C e n t ).
12.00
13.00
14.00
16.00
18.00
600.00
of
ate
[Pub. Doc.
00
00
00
00
00
00
00
00
00
00
00
00
$421,429,634 60
$151,046,205 78
$307,547,069 30
$880,022,909 68
4.83
4.63
4.16
4.56
.
STATEM E N T No. 2.
C
o m p a r a t iv e
C
o n d it io n
.
.
.
P e b c e n t a g e of I n ve st
m e n t s to T o t a l A ssets on
O c to be b 31 —
1906.
1901.
1896.
81
83
25
29
35
91
10.04
17.14
2.80
.91
1.28
1.36
10.29
18.13
2.50
.95
1,30
1.26
10.33
17.61
1.63
1.37
1.73
13.89
14.40
16.52
10.91
1,637,668 41
1,819,973 38
.18
.21
.06
.04
421,429,634 60
151,046,205 78
394,327,814 61
141,431,712 79
46.72
16.74
45.72
16.40
40.10
23.49
41.21
20.54
41.91
20.18
7,322,688 00
1,808,426 94
7,317,708 02
2,056,167 70
.81
.20
.85
.24
.98
.48
.75
.62
.84
.38
140,731 76
78,686 32
86,846 17
206,984 20
59,388 80
52,499 54
.03
.04
.13
.17
.16
7°>
2 11
2 09
3 11
.3 20
100
100
100
100
$90,536,581
154,589,906
25,292,782
8,167,487
11,565,409
12,258,219
$88,756,249
156,363,862
21,543,218
8,209,154
11,250,365
10,896,888
32
53
20
52
90
80
R e al E sta te.
For banking purposes
B y foreclosure, etc.
.
M isc e l l a n e o u s .
Premium account .
.
Furniture and fixtures .
Sundry assets
.
.
.
.
.
.
an ks.
1911.
L oa n s.
On real estate
.
On personal security
S a v in g s B
1912.
S e c u b it ie s .
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds .
Telephone company bonds .
Bank s t o c k s ....................................
Securities acquired in settlement
of indebtedness .
.
.
.
ll
October 31,
' 1911.
October 31,
1912.
ASSETS.
A
of
1
}
-
1.89
-
-
3.38
5.90
“
J
C a sh .
In banks, on interest
In banks, not on interest
Currency and specie
Checks and cash items .
14,626,105
154,271
1,207,224
156,878
16,624,036
183,424
1,297,967
136,646
27
93
96
53
06
37
43
30
1
\1
J
$902,105,755 94 $862,534,062 64
O ct . 31, 1911.
O ct . 31, 1912.
L IA B ILITIE S.
Amount.
D e p o s its .................................... $838,635,097 85
39,493,627 68
Guaranty fund
16,564,496 36
Profit and loss
Current income, less expenses
7,197,839 34
and taxes paid
214,694 71
Sundry liabilities .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$902,105,755 94
100
Amount.
Per
Cent,
of De
posits.
4.71
1,97
$802,220,707 03
37,648,475 12
15,353,443 23
4.69
1.91
.86
.03
7,072,928 60
238,508 66
.88
.03
Per
Cent,
of De
posits.
_
-
$862,534,062 64
Decrease.
_
-
I n c e e a se f o b Y e a b .
Amount.
Per
Cent.
$36,414,390 82
1,845,152 56
1,211,053 13
4.54
4.90
7.89
124,910 74
23,813 95*
$39,571,693 30
1.77
“
4.59
No. 8.]
BANK COMMISSIONER.
xix
STATEM E N T No. 3.
C
o m p a r a t iv e
C
o n d it io n
of
B
S a v in g s B
o sto n
an ks.
of
ASSETS.
October 31,
1912.
October 31,
1911.
Increase
for Year.
Decrease
for Year.
P ercentage
I n v e st m e n t s to
T o t a l A ss e t s .
BOSTON
BANKS.
OTHER
BANKS.
1912 1911
1912 1911
S e c u r it ie s .
Public funds, bonds and
notes
.
.
.
.
Railroad bonds and notes
Street railway bonds
Boston
Terminal
Co.
bonds .
.
.
.
Telephone
company
bonds .
.
.
.
Bank stocks
Securities acquired in
settlement of indebted
ness
.
.
.
.
$30,968,881 23 $30,488,762 33
42,208,484 85 42,404,638 70
6,130,195 47
5,078,057 75
5,160,540 50
5,160,614 50
3,247,148 75
2,035,875 69
3,114,330 00
1,710,694 00
98,701 11
110,912 20
$480,118 90
-
1,052,137 72
10.95
$196,153 85 14.93
2.17
74 00 1.83
132,818 75
325,181 69
-,
11.37 9.62 9.80
15.81 18.14 19.17
1.89 3.09 2.77
1.92
.49 .51
1.15 1.16
.72 .64
-
12,211 09
.03
1.34 1.37
1.65 1.55
.04
.25
.29
L o a n s.
On real estate .
On personal security
122,402,797 58 115,504,552 28
61,536,075 49 54,563,932 06
6,898,245 30
6,972,143 43
-
-
43.30 43.08 48.28 46.91
21.77 20.35 14.45 14.62
R eal E sta te.
For banking purposes
B y foreclosure, etc. .
2,350,539 10
523,052 84
2,379,500 00
560,703 27
3,556 43
1,667 47
12,764 48
3,496 13
3,718 70
3,881 87
5,588,892 36
15,000 00
401,887 85
12,403 13
6,599,747 98
15,000 00
411,200 12
20,973 97
-
-
28,960 90
37,650 43
.83
.18
.89
.80
.21
.21
.83
.25
.01
.01
.05
.05
M isc e l l a n e o u s .
Premium account .
Furniture and fixtures
Sundry assets
60 30
-
8,882 61
-
2,051 23
-
1
J
C ash.
In banks, on interest
In banks, not on interest
Currency and specie
Checks and cash items .
-
1,010,855 62
-
9,312 27
8,570 84
-
$282,698,464 33 $268,134,715 86 $14,563,748 47
O ct. 31, 1912.
LIA BILITIE S.
Amount.
D e p o s its .................................... $264,152,862 88
Guaranty fund
12,454,908 09
Profit and loss
4,499,870 88
Current income, less expenses
and taxes paid
1,554,144 22
Sundry liabilities .
36,678 26
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$282,698,464 33
O ct . 31, 1911.
Per
Cent,
of De
posits.
_
-
Amount.
100
100
100
I n c r e a se f o r Y e a r .
Per
Cent.
$13,923,103 54
755,838 31
179,633 45*
5.56
6.46
3.84*
4.67
1.87
.59
.01
1,502,107 25
24,275 16
.60
.01
Decrease.
100
1.63 1.88
Amount.
$250,229,759 34
11,699,069 78
4,679,504 33
$268,134,715 86
-2.13 2.63
Per
Cent,
of De
posits.
4.71
1.70
-
I
-
52,036 97
12,403 10
3.46
-
$14,563,748 47
5.43
REPO RT OF THE
XX
[Pub. Doc.
STATEM E N T No. -4.
Y
early
T
r a n s a c t io n s
of
Sa y in g s B a n k s .
The following table presents in condensed form the statistics of the
transactions of all the savings banks during the past five years : —
Y e a h e n d in g O c to be r 31 —
1912.
1911.
A ccounts .
Number opened during year .
Number closed during year .
Number open October 31
Average in each account .
.
.
.
300,467
237,093
2,200,917
$381 04
287,096
250,523
2,137,543
$375 30
1910.
284,981
224,574
2,100,970
$366 88
1909.
270,945
204,068
2,040,894
$364 11
1908.
233,484
231,150
1,973,926
$359 45
D epo sits a n d W it h d r a w a l s .
Total deposits October 31
$838,635,098 $802,220,707 $770,814,453 $743,101,481 $709,519,730
Increase over previous year
$36,414,391 $31,406,254 $27,712,972 $33,581,751
$2,579,134
2,472,912
2,424,661
2,210,159
1,899,116
Number of deposits during year
2,593,601
1,790,039
1,714,762
1,635,000
1,801,708
1,822,515
Number of withdrawals during year * .
$57 67
$60 63
$62 14
Average d e p o s i t ....................................
$58 50
$57 88
$81 75
$78 00
$78 74
$78 92
Average withdrawal
.
.
.
.
$80 08
$151,738,371 $143,144,858 $139,826,105 $134,000,118 $118,007,503
Amount deposited during year
Am ount withdrawn during year
$145,946,854 $140,944,836 $140,189,179 $127,526,868 $142,191,093
L oa n s.
Of $3,000 or less October 31
On real estate October 31
Average real estate loan October 31
Number of new real estate loans made
during y e a r ............................................. '
Amount of s a m e ....................................
81,403
107,061
$3,936 35
79,491
103,106
$3,824 49
77,312
97,935
$3,773 50
74,646
93,476
$3,687 54
71,163
88,199
$3,658 89
14,683
$58,402,701
13,816
$52,836,058
13,082
$52,315,170
12,733
$48,302,121
9,324
$34,185,688
$39,201,252
30,597,211
2,283,688
1,749,475
1,849,152
$37,806,485
29,094,157
2,240,267
1,740,423
1,534,939
$35,930,010
27,924,435
2,057,350
1,758,825
1,495,863
$34,539,919 •$34,660,666
27,110,047
26,684,040
1,929,012
1,897,169
1,878,149
1,805,363
1,268,017
739,942
Per Cent.
78.05
5.83
4.46
4.72
6.94
3.39
.25
.19
Per Cent.
76.95
5.93
4.60
4.06
8.46
3.37
.26
.20
Per Cent.
77.72
5.73
4.89
4.16
7.50
3.37
.25
.21
Per Cent.
78.49
5.58
5.23
3.67
7.03
3.40
.24
.23
I n co m e , D iv id e n d s , e tc .
Total i n c o m e .............................................
Dividends
.
.
. ■ .
E xp en ses......................................................
State t a x e s .............................................
Credited to guaranty fund
R a t io s .
Dividends to income
.
.
.
.
Expenses to income
.
.
.
.
State taxes to income
.
.
.
.
Guaranty fund additions to income
Other deductions to income .
Dividends to total assets October 31
Expenses to total assets October 31
State taxes to total assets October 31
Guaranty fund additions to total assets
October 3 1 .............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.20
.18
.18
.16
Per Cent.
76.99
5.47
5.42
2.13
9.99
3.50
.25
.25
.10
BANK COMMISSIONER,
No. 8.]
xxi
STATEM E N T No. 5.
I ncom e
of
S a v in g s B
an ks.
Statement of Income Account for Year ending October 81, 1912.
Net undivided profits, October 31, 1911 (profit and loss and net interest) .
.
$22,426,371 83
T otal current income during year .
.
.
.
.
.
.
$39,201,251 97
Less amounts paid for: — 1
$187,260 47
Accrued interest .
37,437 94
Operating deficit of real estate
2,283,688
30
Running expenses
1,749,475 00
State tax
.
.
.
.
-------------------4,257,861 71
N et divisible income
Less amount credited to guaranty fund .
Less ordinary dividends declared .
. $34,943,390 26
$1,849,152 56
30,514,820 19
---------------------32,363,972 75
Current surplus
.
.
.
.
Additional receipts account of bank stock
$2,579,417 51
684,623 51
$3,264,041 02
Less
Less
Less
Less
Less
Less
extra dividends declared
premiums written off
banking houses written down
losses through loans on real estate .
losses through loans on personal security
miscellaneous losses
I
Net undivided profits for year
.
$82,390 45
947,635 89
210,153*03
115,914 22
87,326 09
484,657 47
-----------------.
N et undivided profits October 31, 1912 (profit and loss and net interest)
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,928,077 15
$1,335,963 87
-----------------------
1,335,963 87
. $23,762,335 70
REPO RT OF THE
XXII
[Pub. Doc.
STATEM E N T No. 6.
D
iv id e n d s .
The following table shows the rates of dividends paid by the banks
during the last eighteen years, as well as the average rate earned upon
the deposits: —
0
1
2
m
2
-
1
1
1
1
3
-
-
-
-
3H
•¿y?.
m
-
-
W s
-
1
-
3
-
2
7
5
5
2
3
1
1
00
en
00
1
1
1
1
3
3
45
18
3
4
16
15
2
1896.
1897.
1899.
1901.
1
1900.
1902.
1904.
1905.
2
O
a>
1
13 18 25 14 14
12 11 15 11 15
“
157 156 140 160 155
4
4H
4K
4%
4lA
4h
1907.
_ _ _
3
-
per cent.
1y?,
190S.
1908.
1909.
1910.
1911.
1912.
Nu m b e r op B a n k s p a y in g a t E ach R a te
RATE OF DIVI
D EN D .
io
Ci
00
1
2
_
_
-
1
1
-
1
1
7
9
5
5
2
-
2
-
_
2
3
2
2
5
2
-
1
1
1
1
49
37
92
10
81
10
3
89
8
1
98
13
90
9
6
70
20
98
74
82
92
85
81
88 114 144 161 157 157 158
1
1
! -
1
1
4
1
3
1
1
5
7
7
5
9
10
1
2
2
13
1
Ò
2
Total
194 192 192 189 189 189 189 189 188 187 186 186 186 186 185 187 187 187
Average d iv id en d . 3.91 3.92 3.87 3.95 3.95 3.80 3.69 3.73 3.75 3.71 3.71 3.75 3.81 3.89 3.98 4.00 4.01 4.03
A verage earnings . 4.67 4.71 4.66 4.65 4.77 4.73 4.60 4.59 4.70 4.66 4.60 4.61 4.62 4.63 4.72 4.89 4.86 4.81
The extra dividends declared during the year were as follows: —
Chelsea Savings Bank, f of 1 per cent. .
Haverhill Savings Bank, \ of 1 per cent.
Winchendon Savings Bank, \ of 1 per cent.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $39,825 41
. 31,067 74
. 11,497 30
$82,390 45
No. 8.]
BANK COMMISSIONER.
X X lll
STATEM EN T No. 7.
E xpenses.
The running expenses of the banks for the two years ending October
31, 1911, and October 31, 1912, were as follows: —
Y e a r e n d in g O c to be r 31, 1912.
c l a s s if ic a t io n
.
Cost
for Each
$1,000 of
Assets.
Percent
age of
Income.
Amount.
Y e a r e n d in g O c to b e r 31, 1911.
Amount.
Salaries .
.
Rent
.
.
Advertising
Other expenses
.
.
.
.
$1,579,184
285,370
35,035
384,097
13
89
69
59
4.03
.73
.09
.98
$1.75
.32
.42
$1,547,714
277,011
33,634
381,908
Total .
.
.
$2,283,688 30
5.83
$2.53
$2,240,267
.
.04
Percent
age of
Income.
Cost
for Each
$1,000 of
Assets.
4.09
.73
.09
1.01
$1.79
.32
.04
.44
5.92
$2.59
STATEM E N T No. 8.
Surplu s.
The aggregate guaranty fund and profit and loss account of the sav
ings banks on October 31 of the last six years has been as follows: —
B
ased
on
S e c u r it ie s
Amount.
B
ook
V
alu es.
P r o f i t a n d Loss
A ccount.
G uaranty F und.
YEAR.
at
Per
Cent, of
De
posits.
Amount.
T otal.
Per
Cent, of
De
posits.
Amount.
Per
Cent, of
De
posits.
1907
.
.
.
.
$32,825,176 05
4.64
$11,096,415 30
1.57
$43,921,591 35
6.21
1908
.
.
.
.
33,547,581 14
4.73
12,929,970 80
1.82
46,477,551 94
6.55
1909
.
.
.
.
34,740,030 12
4.68
14,131,426 80
1.90
48,871,456 92
6.58
1910
.
.
.
.
36,155,736 30
4.69
14,609,348 21
1.89
50,765,084 51
6.58
1911
.
.
.
.
37,648,475 12
4.69
15,353,443 23
1.91
53,001,918 35
6.60
1912
.
.
.
.
39,493,627 68
4.71
16,564,496 36
1.97
56,058,124 04
6.68
B
ased
on
S e c u r it ie s
at
E
s t im a t e d
M
arket
V
alu es.
1907
.
.
.
.
$32,825,176 05
4.64
$8,252,932 66
1.17
$41,078,108 71
1908
.
.
.
.
33,547,581 14
4.73
17,436,211 55
2.46
50,983,792 69
7.19
1909
.
.
.
.
34,740,030 12
4.68
22,302,689 86
3.00
57,042,719 98
7.68
5.81
1910
.
.
.
.
36,155,736 30
4.69
19,941,773 55
2.59
56,097,509 85
7.28
1911
.
.
.
.
37,648,475 12
4.69
21,115,669 58
2.63
58,764,144 70
7.32
1912
.
.
.
.
39,493,627 68
4.71
21,123,202 37
2.52
60,616,830 05
7.23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPO RT OF THE
X X IV
[Pub. Doc.
STATEM E N T No. 9.
R
E
eal
state
P
by
F
oreclosure.
r in c ip a l .
Balance as shown in statement of October 31, 1911, 360 estates . $2,056,167 70
Acquired during the year ending October 31, 1912, 230 estates . 1,346,836 90
Excess of proceeds over book values of estates sold during year .
81,978 08
$3,484,982 68
Received for 282 estates sold during year .
.
Losses on estates sold during year and amounts
charged off to cover depreciation or prospec
tive l o s s .............................................................
$1,545,383 08
174,724 79
• --------------------
1,720,107 87
$1,764,874 81
Incom e.
Rents, etc., received during year
.
.
.
Expenses and taxes on estates, paid during year .
Net deficit for year .
.
.
.
$120,615 14
174,972 73
.
$54,357 59
This net deficit was disposed of as follows: —
Income credited to profit and loss
. $3,715 09
Deficit charged to profit and loss
. 14,520 55
---------------Income reducing book value .
.$13,162 77
Deficit increasing book value .
. 56,714 90
----------------
$10,805 46
43,552 13
43,552 13
Net deficit as above
.
.
.
.
$54,357 59
Balance, as shown in statement of October 31,1912 (308 estates,
assessed at $2,335,525.00, held by 102 banks)
.
.
. $1,808,426 94
Decrease during year
.
.
.
.
.
.
.
.
$247,740 76
ST A T E M E N T No. 10.
I nvestm en ts
p r o d u c in g
no
I ncome
d u r in g
the
O c t o b e r 31, 1912.
Y
ear
.
O c t o b e r 31, 1911.
N u m b er
of
Loans.
Am ount
loaned.
N u m b er
of
Loans.
Am ount
loaned.
335
42
$1,270,894 15
122,618 89
354
46
$1,383,278 61
239,647 62
L o an s.
On real e s t a t e ..............................................................................
On personal s e c u r i t y ........................................................ ,
In vestm en ts.
R e al estate b y foreclosure, in possession, etc. .
Stocks, b on d s, etc ., acquired to secure in debtedness
B an k an d trust c om p an y stocks
.
.
.
.
D eposits in ban k s n ot on interest
.
.
.
.
T o ta l loans an d in vestm en ts producing no incom e
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
-
Am ount
invested.
1,115,694 73
389,145 18
10,335 47
154,271 93
-
Am ount
in vested .
977,050 98
1,118,769 91
16,107 97
183,424 37
$3,062,960 35
-
$3,918,279 46
-
BAN K COMMISSIONER,
No. 8.]
XXV
STATEM E N T No. 11.
I ncrease
R
eal
D
or
E
ecrease
state
and
L
for
oans
a
P
e r io d
on
P
of
T
erson al
w e n t y - n in e
S e c u r it y
Y
e a r s , in
P erson al
R eal, E state.
L
S a v in g s B
of
oans
on
an ks.
Se c u r i t y .
Y ear.
Increase.
Increase.
...............................................................
$6,619,000
$1,116,000
1885
...............................................................
6,227,000
-
$415,000
1886
...............................................................
7,003,000
9,018,000
-
...............................................................
7,584,000
7,122,000
-
...............................................................
7,533,000
1,647,000
-
...............................................................
7,610,000
3,225,000
-
...............................................................
8,417,000
10,471,000
1 8 9 1 ...............................................................
10,374,000
-
1892
...............................................................
12,127,000
1,426,000
-
1893
................................................................
8,096,000
-
5,346,000
1894
...............................................................
9,393,000
-
9,881,000
1895
...............................................................
9,985,000
10,829,000
-
1896
...............................................................
8,656,000
2,047,000
-
1897
...............................................................
10,299,000
1,263,000
-
1898
................................................................
7,066,000
-
3,432,000
1899
................................................................
9,329,000
1900
...............................................................
9,657,000
1 9 0 1 ................................................................
7,319,000
1884
1887
1888
1889
1890
Decrease.
-
1,144,000
14,908,000
.
9,788,000
-
4,123,000
-
1902
................................................................
9,462,000
10,901,000
1903
................................................................
11,917,000
1,904,000
1904
................................................................
9,084,000
-
1905
................................................................
10,267,000
8,923,000
1906
................................................................
10,984,000
10,467,000
1907
................................................................
13,159,000
1908
...............................................................
1909
................................................................
1 9 1 0 ................................................................
23,000
-
-
5,999,000
12,714,000
-
15,651,000
21,985,000
424,000
-
24,861,000
5,288,000
-
1 9 1 1 ..................................................... ..........
24,770,000
3,708,000
-
1912
27,102,000
9,614,000
.
.
..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATEM ENT No. 12.
T
able
e x h ib it in g
N
the
um ber,
C
o n d it io n
and
FROM
P rogress
1834
TO
of
the
1912
S a y in g s
B
anks
M
of
assach u setts
E
in
ach
Y
ear
INCLUSIVE.
[Returns first required b y Acts 1834, Chapter 190.]
YEAR.
86
86
86
89
93
93
95
97
102
24,256
27,232
29,786
32,564
33,063
36,686
37,470
41,423
42,587
43,217
49,699
58,178
62,893
68,312
69,894
71,629
78,823
86,537
97,353
117,404
136,654
148,263
165,484
177,375
182,655
205,409
230,068
225,058
248,900
272,219
291,816
291,488
2,976
2 ¡554
2,778
499
3,623
784
3,953
1,164
630
6,482
8,479
4,715
5,419
1,582
1,735
7,194
7,715
10,816
20,051
19,250
11,609
17,221
11,891
5,280
22,754
24,659
5,010f
23,842
23,319
19,397
128t
Percent
age of
In
crease.
12.27
9.38
9.33
1.53
10.96
2.14
10.55
2.81
1.48
15.00
17.06
8.10
8.62
2.32
2.48
10.04
9.79
12.50
20.60
16.40
8.50
11.62
7.19
2.98
12.46
12.00
2.18t
10.59
9.37
7.13
.04f
Amount
of
Deposits.
$3,407,773
3,921,370
4,374,578
4,781,426
4,869,393
5,608,159
5,819,554
6,714,182
6,900,451
6,935,547
8,261,345
9,813,288
10,680,933
11,780,813
11,970,448
12,111,554
13,660,024
15,554,089
18,401,308
23,370,102
25,936,858
27,296,217
30,373,447
33,015,757
33,914,972
39,424,419
45,054,236
44,785,439
50,403,674
56,883,828
62,557,604
59,936,482 i
Increase
in
Amount
of
Deposits
over
Previous
Year.
_
$513,597
453,208
400,848
87,967
738,766
211,395
894,628
186,270
35,095
1,325,798
1,551,943
867,645
1,099,880
189,635
141,106
1,548,471
1,894,065
2,847,219
4,968,794
2,566,756
1,257,359
3,077,231
2,642,310
899,215
5,509,647
5,629,817
268,797'
5,618,235
6,480,154
5,673,775
2,621,121
Per
centage
of In
crease.
Aver
age to
Each
Ac
count.
_
15.07
11.56
9.16
1.84
15.17
3.77
15.37
2.77
.51
19.12
18.79
8.84
10.30
1.61
1.18
12.79
13.87
18.31
27.00
10.98
4.85
11.27
8.69
2.72
16.25
14.28
,60:
12.54
$140
143
146
146
147
152
157
162
162
160
166
168
169
172
171
169
174
179
189
199
189
184
184
186
185
191
195
198
9.97
4.191
208
214
205
12.86
202
Popula
tion of
Mas
sachu
setts.
614,408*
737,609
Deposits
to
Each
Person
of
Popula
tion.
State
Taxes
paid.
_
994,514
-
$5.58
7.88
13.73
-
-
-
-
1,132,369
1,232,065
24.12
—
_
35.59
- '
_
_
$228,683
400,080
452,399
364,591
-
-
-
-
—
1,267,329
47.29
-
-
-
Expense
of
Manage
ment.
Percent
age of
Expense
to Total
D e
posits.
-
-
_
$10,968
12,066
14,413
17,504
18,329
17,204
17,952
19,248
20,777
-
—
-
22,688
27,017
29,307
34,490
36,405
37,361
41,681
43,707
49,380
59,071
63,471
77,757
89,309
102,027
105,339
107,951
112,264
.26
120,886
135,783
140,713
184,739
203,348
Percent
age of
Expense
to Total
Assets.
[Pub. Doc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
27
28
30
30
30
31
30
31
31
33
38
39
41
43
45
45
53
60
73
80
81
Increase
in
Number
of A c
counts
over
Previous
Year.
REPO RT OF THE
1834 ....................................
1835 ....................................
1836 ....................................
1837 ....................................
1838 ....................................
1839 ....................................
1840 ....................................
1 84 1 ....................................
1842 ....................................
1843 ....................................
1844 ....................................
1845 ....................................
1846 ....................................
1847 ....................................
1848 ....................................
1849 ....................................
1850 .
.
.
.
.
185 1 ....................................
1852 ....................................
1853 ....................................
1854 ....................................
1855 ....................................
1856 ....................................
1857 ....................................
1858 ....................................
1859 ....................................
1860 ....................................
1 86 1 ....................................
1862 ....................................
1863 ....................................
1864 ....................................
1865 ....................................
Num
ber of
Banks.
Number
of
Deposit
A c
counts.
.27
'
' 27
.29
.33
1866 ....................................
1867 ....................................
' 1868 ....................................
1869 ....................................
1870 ....................................
187 1 ....................................
1872 ....................................
1873 ....................................
1874 ....................................
1875 ....................................
1876 ....................................
1877 ....................................
1878 ....................................
1879 ....................................
1880 ....................................
1881....................................
1882 ....................................
1883 ....................................
1884 ....................................
1885 ....................................
1886 ....................................
1887 ....................................
1888 ....................................
1889 ....................................
1890 ....................................
1891....................................
1892 ....................................
1893 ....................................
1894 ....................................
1895 ....................................
1896 ....................................
1897 ....................................
1898 ....................................
1899 ....................................
1900 ....................................
1901....................................
1902 ....................................
1903 ....................................
1904 ....................................
1905 ....................................
1906 ....................................
1907 ....................................
1908 ....................................
1909 ....................................
191 0 ....................................
191 1 ....................................
191 2 ....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
102
108
115
130
139
160
172
175
179
180
180
179
168
166
164
165
166
168
168
171
172
173
176
177
179
180
184
185
185
187
187
187
185
186
186
186
186
187
188
189
189
189
189
189
192
192
194
316,853
348,593
383,094
431,769
488,797
561,201
630,246
666,229
702,099
720,639
739,289
739,757
674,251
675,555
706,395
738,951
772,518
806,010
826,008
848,787
906,039
944,778
983,202
1,029,694
1,083,817
1,131,203
1,189,936
1,214,493
1,247,090
1,302,479
1,340,668
1,384,329
1,406,722
1,477,447
1,535,009
1,593,640
1,660,814
1,723,015
1,766,614
1,829,487
1,908,378
1,971,644
1,973,926
2,040,894
2,100,970
2,137,543
2,200,917
25,365
31,740
34,501
48,675
57,028
72,404
69,045
35,983
35,870
18,540
18,650
468
65,506t
1,304
30,840
32,556
33,567
33,492
19,998
22,779
57,252
38,739
38,424
46,492
54,123
47,386
58,733
24,557
32,597
55,389
38,189
43,661
22,393
70,725
57,562
58,631
67,174
62,201
43,599
62,873
78,891
63,266
2,282
66,968
60,076
36,573
63,374
* In 1830.
8.70
10.02
9.90
12.71
13.21
14.81
12.30
5.71
5.38
2.64
2.59
.06
8.86f
.19
4.53
4.61
4.54
4.34
2.48
2.76
6.75
4.28
4.07
4.73
5.27
4.37
5.19
2.06
2.68
4.44
2.93
3.26
1.62
5.03
3.90
3.82
4.22
3.75
2.53
3.56
4.31
3.32
.12
3.39
2.94
1.74
2.96
67,732,264
80,431,583
94,838,336
112,119,016
135,745,097
163,704,077
184,797,313
202,195,343
217,452,120
237,848,963
243,340,642
244,596,614
209,860,631
206,378,709
218,047,922
230,444,479
241,311,362
252,607,593
262,720,146
274,998,412
291,197,900
302,948,624
315,185,070
332,723,688
353,592,937
369,526,385
393,019,862
399,995,569
416,778,017
439,269,861
453,220,257
473,919,094
488,642,923
518,202,048
540,403,686
560,705,752
586,937,084
608,415,409
631,313,800
662,808,312
694,081,141
706,940,596
709,519,730
743,101,481
770,814,453
802,220,707
838,635,098
7,795,281
12,699,319
14,406,752
17,280,680
23,626,080
27,958,980
21,093,236
17,398,029
15,256,777
20,396,842
5,491,679
1,255,971
34,735,983f
3,4Sl,921t
11,669,212
12,396,556
10,866,883
11,296,230
10,112,553
12,278,265
16,199,488
11,750,723
12,236,446
17,538,618
20,869,248
15,933,448
23,493,476
6,975,707
16,782.447
22,491,843
13,950,396
20,698,837
14,723,829
29,559,124
22,201,637
20,302,066
26,231,331
21,478,325
22,898,390
31,494,512
31,272,828
12,859,455
2,579,134
33,581,751
27,712,972
31,406,254
36,414,391
13.01
18.75
17.91
18.22
21.07
20.60
12.89
9.41
7.55
9.38
2.31
.52
14.20f
1.66f
5.65
5.69
4.72
4.68
4.00
4.67
5.89
4.04
4.04
5.57
6.27
4.51
6.36
1.77
4.19
5.40
3.18
4.57
3.11
6.05
4.28
3.76
4.68
3.66
3.76
4.99
4.72
1.85
.36
4.73
3.73
4.07
4.54
213
230
247
259
277
291
293
303
309
330
329
330
311
305
308
311
312
313
318
323
321
320
320
323
326
326
330
329
334
337
338
342
347
350
352
351
353
353
357
362
363
359
359
364
367
375
381
-
-
1,457,352
_
-
93.14
—
144.00
122.29
_
_
_
141.64
_
157.92
175.69
192.63
220.67
-
-
1,651,652
1,783,086
_
_
1,941,465
_
.
-
2,238,943
2,500,183
2,805,346
3,003,680
3,366,416
-
-
228.97
-
311,848
361,889
570,065
771,998
927,254
1,097,332
1,329,709
1,454,719
1,550,500
1,707,088
1,802,127
1,814,623
1,646,155
1,500,851
1,513,138
1,602,238
935,274
1,090,286
789,686
815,930
861,373
898,634
924,555
957,335
1,013,060
1,053,606
1,094,905
1,143,200
1,138,128
1,191,589
1,240,469
1,249,531
1,275,640
1,330,163
1,410,115
1,472,349
1,535,960
1,604,300
1,658,765
1,751,481
1,854,131
1,897,693
1,878,149
1,805,363
1,758,825
1,740,423
1,749,475
219,257
254,225 1
297,527 /
339,271
375,734
429,080
469,681
547,518
644,682
661,503
657,858
671,728
606,550
590,820
581,274
617,672
619,829
650,247
658,690
674,561
698,087
747,295
783,158
827,619
850,978
882,787
936,829
1,010,639
1,028,838
1,080,611
1,134,581
1,162,136
1,202,708
1,233,166
1,283,289
1,333,523
1,374,564
1,447,237
1,546,904
1,583,889
1,648,061
1,789,485
1,897,169
1,929,012
2,057,350
2,240,267
2,283,688
.32
31
-31
.30
.27
.26
.25
.26
.29
.277
.27
.275
.289
.286
.271
.268
.257
.257
.257
.245
.239
.247
.248
.249
.241
.239
.238
.252
.246
.246
.250
.245
.246
.238
.237
.238
.234
.238
.245
.239
.237
.253
.267
.260
.266
.279
.272
2
O
-
00
1— 1
-
.264
.269
.280
.277
.257
.259
•247
.247
.240
.235
.229
.235
.236
.236
.228
.226
.225
.238
.233
.232
.235
.231
.231
.224
•223
.224
.220
.222
.229
.224
.222
.236
.249
.242
.248
.259
.253
W
£
C
z;
hr!
r 1
n
^
O
g
H
)—l
m
in
S
w
Z
hrj
»
.
'
f Decrease.
X
[Pub. Doc
REPO RT OF THE
XXV111
STATEM E N T
P r in c ip a l A
United
No. States and
Year. of
Mas
Cos. sachusetts
Bonds.
Other
Stocks
and
Bonds.
1879
3 81,867,707
8501,862
1880
4
1,609,581
643,450
Loans on
Real
Estate.
Demand
Loans
with Col
lateral.
8252,400 81,121,748
ssets
Other
Demand
Loans.
and
L
ia b il it ie s
Time
Loans
with Col
lateral.
$113,000 $2,848,031
195,900
1,401,150
80,000
3,894,905
Other
Time
Loans.
of
A
ll
Banking
Houses.
T
ru st
Due from
Reserve
Banks.
$916,771
$33,000
$854,871
1,518,247
33,000
2,568,476
1881
5
1,240,207
1,389,149
183,500
1,658,089
1,435,529
4,506,777
3,623,064
33,000
2,100,147
1882
5
1,230,212
1,968,599
153,800
921,851
1,230,216
3,087,998
5,950,107
33,000
2,476,314
3,336,895
1883
5
1,384,544
1,792,268
132,300
1,288,433
1,434,220
3,915,637
9,030,569
33,000
1884
5
1,340,200
1,793,654
113,578
1,314,541
2,477,091
2,900,508
9,745,024
33,000
3,465,035
1885
5
2,512,452
1,726,354
223,178
2,603,282
2,700,705
3,763,793
8,100,195
33,000
5,018,599
1886
6
1,990,500
2,385,070
228,878
2,649,100
3,002,291
4,913,078
8,580,580
33,000
3,882,854
1887
9
1,930,000
3,296,763
442,078
2,509,850
2,551,066
4,268,285
11,933,801
33,000
3,929,109
1888
12
1,850,500
4,771,258
302,123
1,949,597
3,642,234
2,981,927
16,479,571
73,000
6,828,451
1889
12
1,205,500
4,806,117
427,042
4,382,512
2,199,100
6,828,861
13,603,870
289,327
8,782,653
1890
14
1,050,500
4,390,680
509,424
7,620,102
16,756,143
10,551,919
301,327
5,515,350
1891
17
1,142,096
5,221,897
689,608
9,634,482
-*
19,902,256
8,824,712
311,486
7,418,938
1892
19
2,482,410
7,314,499
1,191,640
9,810,396
_*
22,849,001
11,278,171
408,453
8,815,659
1893
22
1,367,127
7,559,600
1,258,765
8,313,778
-*
16,409,984
11,945,062
610,940 12,317,451
1894
24
3,783,933
7,003,020
1,963,041
7,616,894
-*
20,318,177
17,448,722
677,653 17,633,583
1895
31
3,958,873
7,117,138
2,487,419 11,092,451
22,203,891
21,702,154
677,653 14,242,742
1896
31
4,138,245
8,441,558
2,216,171
8,422,439
_*
20,534,342
18,419,411
677,653 10,290,374
1897
33
4,073,208 12,845,577
2,726,017
9,793,712
_*
25,523,218
21,343,240
864,742 17,532,727
1898
34
2,368,089 18,898,455
3,306,881 11,239,247
_*
29,924,166
22,424,668
879,076 22,728,203
_*
35,799,876
22,362,351 1,154,478 21,083,138
1899
36
2,055,694 20,816,377
3,004,398 19,885,100
1900
35
1,060,200 20,523,020
3,559,879 16,762,126
31,638,493
26,976,691 1,146,639 19,731,537
1901
35
505,500 22,241,276
4,304,483 20,320,743 19,418,175 42,049,638
11,040,992 1,814,323 20,553,555
1902
37
50,500 26,669,446
5,084,068 25,095,387 12,364,712 43,596,283
17,546.640 2,230,870 25,768,803
1903
41
50,550 30,982,634
5,504,246 26,864,326 12,686,898 38,449,751
_*
40,753,957
22,092,149 2,392,107 24,904,962
74,189,357 3,556,859 27,232,262
1904
41
52,667 32,964,825
4,832,324
1905
44
54,832 36,608,408
6,149,126 34,824,407
4,520,595 45,764,178
51,672,412 3,856,004 25,244,716
4,999,834 42,757,552
59,495,276 4,657,368 25,158,012
61,128,698 4,876,046 25,916,821
1906
46
6,659,026 32,565,893
6,624,890 34,879,270
1907
50
5,437,875 31,353,584
6,560,614 26,306,671
4,381,416 40,002,160
1908
52
5,680,721 33,795,341
5,968,266 30,617,598
5,858,675 43,647,418
73,023,727 6,436,471 36,808,861
1909
53
4,725,043 30,212,659
5,941,147 36,591,076
4,979,737 51,251,995
83,292,260 7,787,924 31,034,603
1910
57
4,838,547 29,785,184
7,637,898 37,364,094
6,743,098 46,164,189
97,177,624 8,290,718 27,695,972
1911
62
4,138,133 34,113,583
8,819,764 40,151,455
8,372,708 51,613,068 119,941,583 8,152,519 33,286,384
1912
65
3,533,077 36,482,476 11,129,773 41,412,395 10,542,839 54,878,172 109,461,818 8,117,556 30,599,812
* The forma upon which the annual reports for these years were rendered did not show these items
separately.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BAN K COMMISSIONER,
No,
X X IX
No. 13.
C
o m p a n ie s
from
1879
to
1912
in c l u s iv e .
Due from
Other
Banks.
Currency
and
Specie.
Other
Assets.
Total
Assets and
Liabilities.
Capital
Stock.
Surplus and
Undivided
Earnings
less Exp.,
Int. and
Taxes.
_
$154,519
$104,939
$8,768,848
$1,100,000
$280,264
$7,363,333
-
$25,251
1879
-
134,924
98,799
12,178,432
1,237,200
375,054
10,261,770
-
304,408
1880
-
138,279
67,824
16,375,565
2,400,000
470,935
12,772,255
-
732,375
1881
-
200,514
52,858
17,305,469
2,600,000
602,054
13,776,389
-
327,026
1882
$989
190,534
61,108
22,600,497
2,600,000
831,376
19,090,843
$49,393
28,885
1883
-
281,080
77,736
23,541,447
2,800,000
1,064,835
19,539,346
-
137,266
1884
-
289,748
43,714
27,015,020
2,800,000
1,117,847
22,993,613
-
103,560
1885
389,274
55,831
28,119,010
3,101,500
1,404,171
23,446,737
-
166,602
1886
8,554
Deposits
Demand.
Deposits
Time.
Other
Liabili
ties.
Year.
30,345
539,659
67,336
31,531,292
4,400,000
1,944,811
23,841,976
-
1,344,505
1887
32,473
546,022
142,653
39,599,809
4,700,000
2,314,452
31,551,776
-
1,033,581
1888
29,770
664,211
140,577
43,359,540
4,800,000
2,708,654
34,653,000
-
1,197,886
1889
850
1,004,264
155,993
47,856,552
6,550,000
3,979,853
36,713,850
-
612,849
1890
14,495
1,602,475
215,056
54,977,501
7,775,000
4,655,027
41,699,163
-
848,311
1891
8,664
1,656,054
252,902
66,067,849
8,475,000
5,106,863
51,498,128
-
987,858
1892
-
912,105
1893
967,087
1894
6,215
2,457,902
314,737
62,561,561
9,075,000
5,689,730
46,884,726
10,310
2,085,086
403,558
78,943,977
9,275,000
5,875,700
62,826,190
-
2,420
2,689,362
382,175
86,556,278
10,375,000
6,374,737
69,096,779
-
709,762
1895
-
1,188,597
1896
-
1,558,729
1897
1,650,248
1898
11,246
3,175,288
410,932
76,737,659
10,475,000
7,059,645
58,014,417
36,625
2,694,146
449,524
97,882,736
10,875,000
7,356,778
78,092,229
95,044,949
-
66,007
3,659,692
426,568
115,921,052
10,875,000
8,350,855
55,593
3,846,567
415,013
130,478,585
11,475,000
9,830,755
107,308,805
-
1,864,025
1899
125,559,873
11,375,000
11,325,457
101,052,678
-
1,806,738
1900
6,320
3,740,174
414,794
14,331
4,751,585
443,614
147,458,215
11,875,000
13,509,728
119,473,973
-
2,599,514
1901
20,270
4,921,885
520,905
163,869,769
14,225,000
17,179,118
129,678,629
-
2,787,022
1902
15,695
5,573,906
535,290
170,052,514
16,025,000
20,922,285
131,476,585
1,628,644
1903
5,438,123
8,012,491
1,909,533
198,942,398
16,476,000
22,509,210
152,075,517
6,073,123
1,808,548
1904
3,046,058
9,867,165
2,251,426 223,859,327
17,076,000
23,782,386
174,443,960
6,079,095
2,477,886
1905
4,738,854
-
9,807,582
5,268,776
237,612,333
16,427,000
26,889,262
183,301,054
8,780,285
2,214,732
1906
2,638,663 11,634,191
6,293,815
226,530,554
17,227,000
28,231,995
170,158,552
7,782,565
3,130,442
1907
7,313,884 10,859,653
2,897,460
262,908,075
17,729,200
29,213,445
203,305,006 10,032,101
2,628,323
1908
6,418,366 17,315,014
2,891,708
282,441,532
18,319,700
30,804,173
219,935,962
9,610,567
3,771,130
1909
4,277,321 19,100,509
2,877,729 291,952,883
18,939,100
33,539,480
230,529,802
5,882,244
3,062,257
1910
8,108,438 21,961,451
3,550,704 342,209,790
23,038,000
32,524,435
268,152,950 15,012,855
3,481,550
1911
5,726,352 21,755,799
3,168,492
24,792,400
35,172,079
262,714,556
5,305,340
1912
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
336,808,561
8,824,186
[Pub. Doc.
REPORT OF THE
XXX
STATEM EN T
P r in c ip a l A
Year.
United
No States and
Mas
of
Cos. sachusetts
Bonds.
Other
Stocks
and
Bonds.
1879
2 $1,591,707
$309,462
1880
3
1,402,381
453,050
Loans on
Real
Estate.
Demand
Loans
with Col
lateral.
$175,500 $1,106,223
162,500
1,375,050
ssets
and
Time
Loans
with Col
lateral.
L
ia b il it ie s
op
B
oston
Due from
Reserve
Banks.
Other
Time
Loans.
Banking
Houses.
$113,000 $2,848,031
$287,000
-
$742,590
80,000
3,894,905
684,114
-
2,375,901
Other
Demand
Loans.
1881
4
1,238,157
1,203,749
159,800
1,487,750
1,435,529
4,506,777
2,478,710
-
1,968,614
1882
4
1,221,462
1,783,199
132,400
901,351
1,230,216
3,087,998
4,611,502
-
2,298,420
1883
4
1,373,194
1,556,868
111,100
1,268,433
1,434,220
3,915,637
7,753,752
-
3,094,105
1884
4
1,322,850
1,558,254
93,178
1,295,252
2,477,091
2,900,508
8,433,165
-
3,365,117
4,784,298
1885
4
2,472,302
1,490,954
206,178
2,596,682
2,700,705
3,763,793
6,732,551
-
1886
4
1,990,500
2,149,670
183,678
2,629,817
3,002,291
4,894,428
6,566,617
-
3,626,533
1887
7
1,900,000
3,079,363
395,528
2,509,850
2,518,358
4,238,035
9,622,365
-
3,633,980
1888
7
1,785,000
4,475,848
267,498
1,946,597
3,582,244
2,981,927 13,319,889
1889
7
1,135,000
4,433,734
356,287
4,194,989
2,199,100
6,412,756
9,899,013
-
6,480,387
$216,327
8,383,776
4,949,284
1890
9
960,000
4,047,208
414,734
7,385,910
-*
16,296,990
6,600,300
216,327
1891
9
1,003,596
4,848,483
522,000
9,047,513
_*
19,218,852
3,840,500
216,327
6,470,414
1892
10
2,299,985
6,472,711
838,175
9,197,368
21,990,117
4,895,610
295,927
7,723,407
15,333,372
1893
11
1,128,977
6,798,028
853,513
7,521,211
-*
_*
7,015,752
458,350 11,258,657
1894
11
3,431,733
6,093,235
1,417,551
6,491,921
_*
18,909,448 10,887,543
500,000 16,228,975
-*
20,772,033 13,699,181
500,000 12,617,621
19,004,475 11,462,551
500,000
23,366,712 13,081,346
650,000 15,974,023
27,509,344 14,275,813
650,000 20,915,765
33,403,284 14,433,141
926,442 19,594,697
1895
15
3,446,798
6,074,975
1,808,725
9,895,693
1896
14
3,569,778
7,167,819
1,559,350
7,461,738
1897
14
3,481,202 11,264,994
1,979,966
8,719,036
1898
14
2,092,089 16,523,687
2,432,685 10,008,694
1899
16
1,928,044 17,584,573
2,014,851 17,336,749
1900
16
1,059,000 17,375,051
2,457,391 14,015,601
1901
16
505,000 18,643,195
1902
18
50,000 22,905,331
1903
19
50,000 25,903,398
-•
_*
_*
29,264,749 18,993,352
9,049,453
916,396 17,943,157
6,575,655
1,575,969 18,373,094
3,677,631 22,017,398
7,924,578 40,543,057 12,661,173
2,005,084 23,380,113
4,034,633 23,508,361
7,651,269 33,045,418 16,065,936
2,182,300 21,808,261
57,349,971
3,344,872 23,957,133
3,224,297 17,346,362 15,266,312 39,455,209
_*
1904
20
52,117 27,499,732
3,244,527
1905
20
54,282 30,371,305
4,289,607 30,605 282
35,555,336
3,388,076 39,765,501 34,965,688
-*
3,623,440 21,580,601
4,280,158 20,011,595
1906
20
5,258,364 27,211,836
4,153,051 30,754,264
3,446,332 36,049,632 38,842,351
1907
22
3,942,131 25,615,500
3,845,199 22,364,441
2,831,038 33,546,742 38,518,613
4,423,706 21,811,831
5,876,438 31,445,972
7,205,360 25,485,500
1908
23
4,217,762 27,199,245
3,008,790 26,507,050
4,283,257 35,548,782 49,531,224
1909
23
3,805,909 24,785,494
3,354,605 31,771,481
3,856,867 42,409,926 55,411,835
3,808,906 23,529,188
4,185,978 31,841,266
5,306,286 36,957,502 65,877,464
7,500,078 21,181,009
6,267,200 42,003,711 86,341,885
7,387,944 26,231,429
7,944,412 44,969,495 73,936,307
7,149,683 23,976,311
1910
23
1911
22
3,121,149 25,768,864
4,697,304 34,406,478
1912
22
2,515,054 27,501,680
5,168,416 34,451,120
* The forms upon which the annual reports for these years were rendered did not show these items
separately.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BAN K COMMISSIONER,
No,
XXXI
N o. 14.
T
ru st
C
o m p a n ie s
from
1879
to
1912
Surplus and
Undivided
Earnings
less Exp.,
Int. and
Taxes.
Deposits
Demand.
Deposits
Time.
$900,000
$245,717
$6,126,857
-
$22,317
1,037,200
342,213
8,839,595
-
301,351
1880
432,319
11,197,359
-
732,144
1881
Other
Assets.
Total
Assets and
Liabilities.
$74,131
$47,247
$7,294,891
-
35,198
57,260
10,520,359
-
33,729
49,007
14,561,822
2,200,000
Due from
Other
Banks.
Currency
and
Specie.
in c l u s iv e .
Capital
Stock.
Other
Liabili
ties.
Year.
1879
-
77,999
35,254
15,379,801
2,400,000
563,694
12,089,552
-
326,555
1882
$989
95,779
43,370
20,647,447
2,400,000
762,978
17,406,224
$49,393
28,852
1883
-
159,429
58,474
21,663,318
2,600,000
968,468
17,957,617
-
137,233
1884
-
172,634
20,600
24,940,697
2,600,000
1,018,770
21,218,367
-
103,560
1885
-
227,049
50
25,270,633
2,701,500
1,294,118
21,108,443
-
166,572
1886
-
382,157
2,982
28,282,618
3,900,000
1,783,668
21,254,460
-
1,344,490
1887
-
346,442
41,725
35,227,557
3,900,000
2,122,446
28,174,880
-
1,030,231
1888
-
422,746
48,242
37,701,970
3,900,000
2,483,238
30,124,146
-
1,194,586
1889
-
724,488
68,720
41,663,961
5,550,000
3,714,415
31,790,357
-
609,189
1890
-
1,314,518
94,901
46,577,104
6,250,000
4,334,342
35,148,231
-
844,531
1891
-
1,273,096
95,824
55,082,220
6,850,000
4,693,946
42,557,168
-
981,106
1892
-
1,982,708
87,143
52,437,711
7,050,000
5,151,159
39,349,658
-
886,894
1893
-
1,613,903
136,600
65,710,909
7,050,000
5,308,265
52,391,564
-
961,080
1894
-
2,028,279
117,377
70,960,682
7,650,000
5,711,725
56,897,697
-
701,260
1895
-
2,371,934
108,805
62,255,903
7,650,000
6,245,893
47,304,135
-
1,055,875
1896
-
2,162,726
80,946
80,760,951
7,850,000
6,456,844
64,978,179
-
1,475,928
1897
2,947,165
75,985
97,441,527
7,850,000
7,421,295
80,540,785
-
1,629,447
1898
-
3,108,544
76,757
110,407,082
8,450,000
8,847,220
91,262,818
-
1,847,044
1899
-
2,965,973
75,554
105,066,224
8,450,000
10,181,302
84,647,563
-
1,787,359
1900
-
3,862,512
76,846
124,904,451
8,750,000
12,198,959
101,394,048
-
2,561,444
1901
10,299
-
4,161,410
166,709
139,492,484
11,100,000
15,651,855
109,974,337
-
2,766,292
1902
-
4,380,790
179,247
138,809,613
12,100,000
18,673,134
106,526,390
-
1,510,089
1903
4,676,774
6,491,685
1,391,476
163,563,623
12,501,000
19,821,033
126,730,504
2,803,298
1,707,788
1904
2,754,490
8,133,129
1,582,324
181,113,725
12,501,000
20,756,530
143,238,007
2,311,815
2,306,373
1905
4,313,847
7,569,665
4,267,513
186,158,608
11,102,000
22,907,635
145,690,660
4,383,635
2,074,678
1906
132,839,193
2,704,150
2,717,448
1907
2.38L653
9,012,924
5,219,294
173,513,072
11,552,000
23,700,281
6,857,742
8,636,302
2,103,923
205,216,487
11,752,000
24,463,568
162,357,267
4,108,580
2,535,072
1908
2,037,384 220,116,101
12,152,000
25,425,250
170,162,557
8,995,830
3,380,464
1909
6,047,627 13,944,113
3,842,206 15,125,470
1,951,709
221,107,062
12,252,000
27,604,171
173,146,758
5,298,654
2,805,479
1910
7,641,463 17,314,048
2,463,148 263,644,623
15,050,000
26,423,810
204,952,703 14,235,391
2,982,719
1911
5,327,732 16,840,061
1,854,195
16,250,000
28,107,107
194,915,304
8,012,612
4,349,443
1912
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
251,634,466
[Pub. Doc,
REPO RT OF THE
XXX11
STATEM ENT
P
United
No. States and
Year. of
Mas
Cos. sachusetts
Bonds.
1879
1880
1
$276,000
r in c ip a l
Loans on
Real
Estate.
Demand
Loans
with Col
lateral.
$192,400
$76,900
$15,525
26,100
Other
Stocks
and
Bonds.
A
ssets
and
L
ia b il it ie s
op
O u t s id e
Other
Demand
Loans.
Time
Loans
with Col
lateral.
Other
Time
Loans.
-
-
$629,771
$33,000
$112,281 ]
33,000
192,575]
Banking
Houses.
Due from
Reserve
. Banks.
1
207,200
190 400
33,400
-
-
834,133
185,400
23,700
170,339
-
-
1,144,354
33,000
131,533
185,400
21,400
20,500
-
-
1,338,605
33,000
177,894
242,790
1
2,050
1882
1
8,750
1883
1
11,350
235,400
21,200
20,000
-
-
1,276,817
33,000
1884
1
17,350
235,400
20,400
19,289
-
-
1,311,859
33,000
99,918
1885
1
40,150
235,400
17,000
6,600
-
-
1,367,644
33,000
234,301
1886
2
19,283
-
$18,650
2,013,963
33,000
256,321
1887
2
$32,708
30,250
2,311,436
33,000
295,129
1881
235,400
45,200
30,000
217,400
46,550
-
-
59,990
-
3,159,682
73,000
348,064
416,105
3,704,857
73,000
398,877
234,192
_*
459,153
3,951,619
. 85,000
566,066
586,969
_*
683,404
4,984,212
95,159
948,524
—*
1888
5
65,500
295,410
34,625
3,000
18S9
5
70,500
372,383
70,755
187,523
1890
5
90,500
343,472
94,690
1891
8
138,500
373,414
167,608
858,884
6,382,561
112,526
1,092,252
1,076,612
4,929,310
152,590
1,058,794
1,408,729
6,561,179
177,653
1,404,608
1,431,858
8,002,973
177,653
1,625,121
1,529,867
6,956,860
177,653
1,240,921
2,156,506
8,261,894
214,742
1,558,704
-*
2,414,822
8,148,855
229,076
1,812,437
2,548,351
-*
2,396,592
7,929,210
228,036
1,488,441
1,102,488
2,746,525
—*
2,373,744
7,983,339
230,243
1,788,380
3,598,081
1,080,186
2,974,381
4,151,863
2,594,429
4,465,337
238,354
2,180,461
1892
9
182,425
841,788
353,465
613,028
1893
11
238,150
761,572
405,252
792,567
1894
13
352,200
909,785
545,490
1,124,973
_*
1895
16
512,075
1,042,163
678,694
1,196,758
_*
1896
17
568,467
1,273,739
656,821
960,701
_*
1897
19
592,006
1,580,583
746,051
1,074,676
1898
20
276,000
2,374,768
874,196
1,230,553
1899
20
127,650
3,231,804
989,547
1900
19
1,200
3,147,969
1901
19
500
1902
19
500
3,764,115
1,406,437
3,077,989
4,440,134
3,053,226
4,885,467
225,786
2,388,690
1903
22
550
5,079,236
1,469,613
3,355,965
5,035,629
5,404,333
6,026,213
209,807
3,096,701
1904
21
550
5,465,093
1,587,797
16,839,386
211,987
3,275,129
1,132,519
5,998,677 16,706,724
232,564
3,664,115
1,553,502
6,707,920 20,652,925
377,210
5,146,417
1,550,378
6,455,418 22,610,085
452,340
4,104,990
1905
1906
24
26
550
1,400,662
6,237,103
5,354,057
1,859,519
2,471,839
-*
4,219,125
4,125,006
5,198,621
1907
28
1,495,744
5,738,084
2,715,415
3,942,230
1908
29
1,462,959
6,596,096
2,959,476
4,110,548
1,575,418
8,098,636 23,492,503
560,033
5,362,889
1,122,870
8,842,069 27,880,425
582,564
5,549,103
1909
30
919,134
5,427,165
2,586,542
4,819,595
1910
34
1,029,641
6,255,996
3,451,920
5,522,828
1,436,812
9,206,687 31,300,160
790,640
6,514,963
9,609,357 33,599,698
764,575
7,054,955
9,908,677 35,525,511
967,874
6,623,501
1911
40
1,016,984
8,344,719
4,122,460
5,744,977
2,105,508
1912
43
1,018,024
8,980,796
5,961,357
6,961,275
2,598,427
* The forms upon which the annual reports for these years were rendered did not show these items
separately.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
BAN K COMMISSIONER
xxxni
N o. 15.
T
ru st
Due from
Other
Banks.
C
o m p a n ie s
Currency
and
Specie.
from
1879
to
1912
Other
Assets.
Total
Assets and
Liabilities.
Capital
Stock.
in c l u s iv e .
Surplus and
Undivided
Earnings
less Exp.,
Int. and
Taxes.
Deposits
Demand.
Deposits
Time.
Other
Liabili
ties.
Year.
-
$80,388
$57,692
$1,473,957
$200,000
$34,547
$1,236,476
-
$2,934
-
99,726
41,539
1,658,073
200,000
32,841
1,422,175
-
3,057
1880
-
104,550
18,817
1,813,743
200,000
38,616
1,574,896
-
231
1881
1879
-
122,515
17,604
1,925,668
200,000
38,360
1,686,837
-
471
1882
-
94,755
17,738
1,953,050
200,000
68,398
1,684,619
-
33
1883
-
121,651
19,262
1,878,129
200,000
96,367
1,581,729
-
33
1884
-
117,114
23,114
2,074,323
200,000
99,077
1,775,246
-
-
1885
$8,554
162,225
55,781
2,848,377
400,000
110,053
2,338,294
-
30
1886
30,345
157,502
64,354
3,248,674
500,000
161,143
2,587,516
-
15
1887
32,473
199,580
100,928
4,372,252
800,000
192,006
3,376,896
-
3,350
1888
29,770
241,465
92,335
5,657,570
900,000
225,416
4,528,854
-
3,300
1889
850
279,776
87,273
6,192,591
1,000,000
265,438
4,923,493
-
3,660
1890
14,495
287,957
120,155
8,400,397
1,525,000
320,685
6,550,932
-
3,780
1891
8,664
382,958
157,078
10,985,629
1,625,000
412,917
8,940,960
-
6,752
1892
6,215
475,194
227,594
10,123,850
2,025,000
538,571
7,535,068
-
25,211
1893
10,310
471,183
266,958
13,233,068
2,225,000
567,435
10,434,626
-
6,007
1894
2,420
661,083
264,798
15,595,596
2,725,000
663,012
12,199,082
-
8,502
1895
11,246
803,354
302,127
14,481,756-
2,825,000
813,752
10,710,282
-
132,722
1896
36,625
531,420
368,578
17,121,785
3,025,000
899,934
13,114,050
-
82,801
1897
55,708
712,527
350,583
18,479,525
3,025,000
929,560
14,504,164
-
20,801
1898
55,593
738,023
338,256
20,071,503
3,025,000
983,535
16,045,987
-
16,981
1899
6,320
774,201
339,240
20,493,049
2,925,000
1,144,155
16,405,115
-
19,379
1900
14,331
889,073
366,768
22,553.764
3,125,000
1,310,769
18,079,925
-
38,070
1901
20,270
760,475
354,196
24,377,285
3,125,000
1,527,263
19,704,292
-
20,730
1902
-
118,555
1903
15,695
1,193,116
356,043
31,242,901
3,925,000
2,249,151
24,950,195
761,349
1,520,806
518,057
35,378,775
3,975,000
2,688,177
25,345,013 $3,269,825
100,760
1904
291,568
1,734,036
669,102
42,745,602
4,575,000
3,025,856
31,205,953
3,767,280
171,513
1905
425,007
2,237,917
1,001,263
51,453,725
5,325,000
3,981,627
37,610,394
4,396,650
140,054
1906
257,010
2,621,267
1,074,521
53,017,482
5,675,000
4,531,714
37,319,359
5,078,415
412,994
1907
456,142
2,223,351
793,537
57,691,588
5,977,200
4,749,877
40,947,739
5,923,521
93,251
1908
370,739
3,370,901
854,324
62,325,431
6,167,700
5,378,923
49,773,405
614,737
390,666
1909
435,115
3,975,039
926,020
70,845,821
6,687,100
5,935,309
57,383,044
583,590
256,778
1910
466,975
4,647,403
1,087,556
78,565,167
7,988,000
6,100,625
63,200,247
777,464
498,831
1911
398,620
4,915,738
1,314,295
85,174,095
8,542,400
7,064,973
67,799,251
811,574
955,897
1912
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPO RT OF TH E
XX X1Y
[Pub. Doc,
STATEM E N T No. 16.
B
a n k in g
D
epartm en ts,
A
ll
T
ru st
C
o m p a n i e s .*
Feb. 20,1912 Apr. 18,1912 June 14,1912 Sept. 4,1912 Nov. 26, 1912
63
62
63
65
65
Trust Com Trust Com Trust Com Trust Com Trust Com
panies.
panies.
panies.
panies.
panies.
Assets.
S e c u r it ie s .
United States bonds
Massachusetts bonds
Other stocks and bonds .
Public funds deposited with U. S.
Treasurer .
.
.
.
.
L o an s, etc.
Loans on real estate
Demand loans with collateral
Other demand loans
Tim e loans with collateral
Other time loans
.
.
.
Overdrafts
.
.
.
.
Syndicate participations .
.
.
$33,063
3,992,558
34,596,778
$31,063
3,745,822
34,051,473
$7,106
3,785,469
35,349,033
$4,282
3,771,174
35,882,793
$4,282
3,528,795
36,095,849
248,992
256,774
423,867
386,627
9,325,386
42,542,622
7,077,310
48,108,899
118,144,329
48,812
1,270,851
10,477,420
43,109,691
7,385,209
49,379,048
116,417,871
48,868
1,270,851
10,057,616
38,937,721
6,911,460
51,005,800
116,440,960
42,287
1,085,801
11,091,646
42,062,050
' 8,616,197
51,311,561
121,696,056
50,682
467,251
11,129,773
41,412,395
10,542,839
54,878,172
109,461,818
42,122
712,251
8,099,561
201,157
697,942
245,820
8,365,186
423,081
718,775
173,065
8,387,213
365,212
739,544
160,499
8,182,248
367,258
728,217166,469
8,117,556
249,784
733,923
175,651
401,062
1,008,240
232,908
229,529
438,152
35,739,151
9,655,706
22,284,151
1,215,969
92,273
33,551,829
7,972,537
21,683,885
3,943,628
211,718
34,748,899
8,509,721
19,887,865
1,286,140
122,694
34,564,849
8,083,141
22,164,047
1,024,840
259,473
30,599,812
5,726,352
21,755,799
721,210
95,399
$343,773,400
$344,218,252
$338,320,722
$351,147,630
$336,808,561
$23,040,000
25,567,000
$23,241,000
25,682,000
$23,242,000
25,698,000
$23,592,200
25,962,650
$24,792,400
26,587,500
R eal E state, etc.
Banking houses
.
.
Real estate b y foreclosure
Safe deposit vaults .
.
Furniture and fixtures
.
.
.
.
M is c e l l a n e o u s .
Other a s s e t s ....................................
C ash .
Due from reserve banks .
Due from other banks
Currency and specie
Checks on other banks .
Other cash items
.
.
.
.
Liabilities.
Capital s t o c k ....................................
Surplus f u n d ....................................
U ndivided earnings, less expenses,
interest and taxes paid
Deposits, demand: —
Subject to check .
.
.
.
For payment of coupons, etc.
Certificates of deposit .
Certified checks .
.
.
.
Treasurer’s checks
Deposits, time: —
Certificates of deposit not payable
within thirty days
Open accounts not payable within
thirty days
.
.
.
.
Due to reserve banks
Due to other banks
Sinking funds, railroad .
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money
b o r r o w e d ....................................
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6,874,409
7,473,683
7,908,885
8,049,605
8,584,579
238,899,160
1,331,496
7,610,361
1,369,068
859,790
235,800,498
1,635,261
7,532,051
4,880,416
910,806
233,953,322
1,720,323
7,912,008
1,691,842
949,317
246,594,369
1,565,748
6,856,516
1,106,216
964,850
238,523,534
2,361,035
5,559,573
972,640
455,026
2,805,014
2,656,493
2,244,573
2,057,844
2,255,047
10,364,437
2,404,755
18,728,978
231,275
2,734,610
5,869
9,942,543
1,740,816
18,201,458
129,273
2,831,222
9,180
11,468,158
1,834,976
15,715,574
132,276
2,859,817
9,148
10,742,873
2,284,162
16,787,355
157,461
3,122,131
5,602
6,569,139
1,915,932
12,926,816
69,146
3,001,534
6,552
412,000
175,155
360,023
292,577
271,060
987,915
332,500
333,097
314,906
313,860
491,377
492,811
1,685,000
23,810
519,298
$343,773,400
$344,218,252
$338,320,722
$351,147,630
$336,808,561
Including companies in liquidation.
No,
BAN K COMMISSIONER
XXXV
STATEM EN T No. 17.
B
a n k in g
D
epartm en ts,
T
F e b . 20,1912
22
T ru st C o m
panies.
ru st
C
o m p a n ie s
in
A p r. 18,1912 June 14,1912
23
23
T ru st C om T ru st C o m
panies.
panies.
B
o s t o n .*
S ep t. 4,1912
23
T ru st C o m
panies.
N o v . 26,1912
22
T ru st C o m
panies.
Assets.
S e c u r it ie s .
U n ited States bonds
M assachusetts bonds
Other stocks an d bond s .
P ublic fun d s deposited w ith U . S.
T r e a s u r e r .............................................
L o a n s , etc.
Loans on real estate
D e m a n d loans w ith collateral
Other d em an d loans
T im e loans w ith collateral
Other tim e loans
.
.
.
.
O v e r d r a f t s ............................................
S yndicate participations .
R e a l E s t a t e , e tc.
B ank in g houses
.
.
.
Real estate b y foreclosure
Safe deposit vau lts .
.
.
Furniture and fixtures
.
.
.
M isc e l l a n e o u s.
Other a s s e t s .............................................
$2,282
2,784,250
25,012,754
$4,282
2,798,057
25,458,116
$4,282
2,864,324
26,459,731
$4,282
2,510,772
27,180,330
206,350
221,350
271,350
321,350
4,662,896
36,882,705
5,116,898
38,718,399
84,333,406
35,328
1,270,851
5,228,951
37,020,273
5,340,469
39,919,160
81,754,813
35,809
1,270,851
4,862,224
33,003,035
4,904,820
41,517,536
82,358,794
28,828
1,085,801
5,388,723
35,916,476
6,172,077
41,461,025
86,118,657
32,466
467,251
5,168,416
34,451,120
7,944,412
44,969,495
73,936,307
27,500
632,251
7,342,986
140,706
428,826
37,470
7,342,986
145,082
429,755
• 43,537
7,350,986
136,347
436,330
44,553
7,142,886
133,578
436,380
44,782
7,149,683
120,419
437,554
52,208
114,899
866,108
111,355
105,471
155,191
28,798,152
9,169,751
17,749,260
935,934
37,681
26,095,953
7,552,023
17,568,691
3,387,716
99,568
28,272,748
8,183,339
15,519,690
927,288
64,547
26,590,980
7,573,672
17,437,928
694,040
175,295
23,976,311
5,327,732
16,840,061
390,751
38,321
$264,705,613
$262,107,381
$257,290,026
$265,491,374
$251,634,466
$15,050,000
21,567,000
$15,250,000
21,667,000
$15,250,000
21,673,000
$15,250,000
21,700,500
$16,250,000
22,252,500
$4,282
3,010,167
25,915,016
-
C ash .
D u e from reserve banks .
D u e from other banks
C urrency an d specie
C heck s on other banks .
Other cash item s
.
.
.
.
Liabilities.
C apital s t o c k ............................................
Surplus f u n d .............................................
U n d iv id e d earnings, less expenses,
interest and taxes paid
D epo sits, d em an d : —
S ub ject to check .
.
.
.
F or p aym en t of coupons, etc.
Certificates of deposit .
Certified checks
.
.
.
.
Treasurer’s checks
D eposits, tim e : •—
Certificates of deposit not payable
w ithin th irty days
.
:
O pen accounts not p ayab le w ithin
th irty d ays
.
.
.
.
D u e to reserve banks
D u e to other banks
Sinking fun d s, railroads .
Sinking fu n d s, corporations
.
D ivid e n d s unpaid .
.
.
.
B ills payable, including certificates
of deposit representing m on ey
b o r r o w e d ............................................
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,715,171
5,190,464
5,516,571
5,477,303
5,854,607
180,394,860
1,300,442
5,141,271
1,177,070
726,920
175,457,893
1,607,446
5,068,819
4,400,426
771,614
174,337,720
1,682,648
5,267,692
1,399,332
877,669
183,227,476
1,487,235
3,815,412
911,779
862,733
175,804,300
2,315,873
2,933,077
839,853
387,512
2,170,903
1,971,030
1,456,585
1,193,268
1,522,174
10,257,875
2,026,092
16,647,242
231,275
2,717,253
4,726
9,791,843
1,170,389
15,570,860
129,273
2,822,051
6,377
11,314,251
1,216,487
13,698,219
132,276
2,841,758
8,560
10,592,785
1,922,552
14,838,186
157,461
3,113,056
3,583
6,490,438
1,508,581
11,126,108
69,146
2,992,385
4,670
117,000
165,155
295,358
77,000
243,560
911,336
99,500
298,097
219,661
115,000
424,862
398,183
990,000
22,698
270,544
$264,705,613
$262,107,381
$257,290,026
$265,491,374
$251,634,466
Including com panies in liquidation.
REPO RT OF THE
XXXVI
[Pub. Doc
STATEM E N T No. 18.
B
a n k in g
D
epartm en ts,
T
ru st
C
o m p a n ie s
O u t s id e
of
B
o s t o n .*
Feb. 20,1912 Apr. 18,1912 June 14,1912 Sept. 4,1912 Nov. 26,1912
40
40
40
42
43
Trust Com Trust Com Trust Com Trust Com Trust Com
panies.
panies.
panies.
panies.
panies.
Assets.
S e c u r it ie s .
United States bonds
Massachusetts bonds
Other stocks and bonds .
Public funds deposited with U. S.
T re a s u re r ....................................
$28,781
982,391
8,681,762
$28,781
961,572
9,038,719
$2,824
987,412
9,890,916
$906,850
9,423,062
$1,018,024
8,915,519
42,642
35,424
152,517
65,277
4,662,490
5,659,917
1,960,412
9,390,500
33,810,923
13,484
-
5,248,469
6,089,418
2,044,741
9,459,888
34,663,057
13,058
-
5,195,392
5,934,686
2,006,640
9,488,265
34,082,166
13,459
' -
5,702,923
6,145,574
2,444,120
9,850,536
35,577,400
18,216
-
5,961,357
6,961,275
2,598,427
9,908,677
35,525,511
14,622
80,000
756,575
60,452
269,116
208,350
1,022,200
277,999
289,020
129,528
1,036,226
228,865
303,214
115,946
1,039,362
233,680
291,837
121,687
967,874
129,365
296,369
123,443
286,162
142,132
121,556
124,059
282,960
6,940,999
485,955
4,534,891
280,035
54,592
7,455,876
420,515
4,115,193
555,913
112,150
6,476,151
326,382
4,368,174
358,852
58,146
7,973,869
509,470
4,726,118
330,799
84,178
6,623,501
398,620
4,915,738
330,458
57,078
$79,067,787
$82,110,871
$81,030,696
$85,656,257
$85,174,095
$7,990,000
4,000,000
$7,991,000
4,015,000
$7,992,000
4,025,000
$8,342,200
4,262,150
$8,542,400
4,335,000
-
-
-
L o an s, etc.
Loans on real estate .
.
.
.
Demand loans with collateral
Other demand loans
Tim e loans with collateral
Other time loans
.
.
.
.
O v e r d r a f t s ....................................
Syndicate participations .
R e al E state, etc.
Banking houses
.
.
Real estate b y foreclosure
Safe deposit vaults .
.
Furniture and fixtures
.
.
.
.
M is c e l l a n e o u s .
Other a s s e t s ....................................
C ash .
Due from reserve banks .
Due from other banks
Currency and specie
Checks on other banks .
Other cash items
.
.
.
.
Liabilities.
Capital stock .
Surplus f u n d ....................................
Undivided earnings, less expenses,
interest and taxes paid
Deposits, demand: —
Subject to check .
.
.
.
For payment of coupons, etc.
Certificates of deposit .
Certified cheeks .
.
.
.
Treasurer’s checks
Deposits, time: —
Certificates of deposit not payable
within thirty days
Open accounts not payable within
thirty days
.
.
.
.
Due to reserve banks
Due to other banks
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money
b o r r o w e d .....................................
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,159,238
2,283,220
2,392,317
2,572,302
2,729,973
58,504,300
31,054
2,469,090
191,998
132,870
60,342,605
27,815
2,463,232
479,990
139,191
59,615,601
37,675
2,644,317
292,510
71,648
63,366,893
78,513
3,041,104
194,438
102,116
62,719,235
45,162
2,626,496
132,786
67,513
634,111
685,463
787,987
864,576
732,873
106,562
378,663
2,081,736
17,357
1,143
150,701
570,427
2,630,597
9,171
2,803
153,907
618,489
2,017,354
18,059
588
150,088
361,611
1,949,169
9,075
2,019
78,701
407,351
1,800,708
9,149
1,882
295,000
10,000
64,665
215,577
27,500
76,579
233,000
35,000
95,244
198,860
66,515
94,628
695,000
1,112
248,754
$79,067,787
$82,110,871
$81,030,696
$85,656,257
$85,174,095
Including companies in liquidation.
B AN K COMMISSIONER,
No. 8.]
X X X V ll
STATEM E N T No. 19.
S a v in g s D
epartm en ts,
A
ll
T
ru st
C
o m p a n ie s .
Feb. 20,1912 Apr. 18,1912 June 14,1912 Sept. 4,1912 Nov. 26,1912
22
21
21
19
21
Trust Com Trust Com Trust Com Trust Com Trust Com
panies.
panies.
panies.
panies.
panies.
Assets.
I n v e s t m e n t s a u t h o r iz e d f o e
S a v in g s B a n k s .
Public f u n d s .....................................
Railroad bonds and notes
Street railway bonds
Boston Terminal Company bonds .
Telephone com pany bonds
National bank and trust com pany
s t o c k .............................................
Loans on real estate .
.
.
.
Loans on personal security
Real estate in possession or b y fore
closure
....................................
Other a s s e t s ....................................
Due from national banks and trust
com p a n ies....................................
Cash: —
Currency and specie
Checks and other cash items
$393,891
1,536,771
300,469
1,990
157,193
$364,584
1,501,469
333,658
1,990
157,877
$512,594
1,095,895
337,504
1,990
150,102
$1,189,714
580,790
417,163
1,990
157,348
$889,928
671,062
452,732
1,990
172,333
123,755
3,704,203
2,155,192
266,700
3,545,537
2,784,289
333,528
4,182,715
3,060,191
320,060
4,220,813
3,127,471
321,550
4,777,074
3,295,952
63,070
3,279
29,170
9,411
28,170
1,425
28,086
6,521
28,441
1,157
285,268
371,811
309,710
259,131
235,482
32,487
273
23,983
66
42,482
1,006
39,242
5.817
24,236
18
430,175
46,350
3,000
85,917
-
393,456
301,462
270,801
-
35,000
19,000
145,018
“
$9,323,283
$9,819,001
$10,377,774
$10,624,947
$11,016,973
$9,227,152
$9,681,017
$10,206,375
$10,460,382
$10,842,524
68,159
89,468
78,757
2,628
83,180
118,265
2,628
53,556
$10,624,947
$11,016,973
O th er I n vestm en ts.
Stocks and bonds .
.
.
Dem and loans with collateral
Other demand loans
Tim e loans with collateral
Other time loans
.
.
.
.
.
-
-
-
Liabilities.
D e p o s it s ..............................................
Interest, rents, etc., less current ex
penses
.
.
.
.
.
Guaranty fu n d ...................................
Other liabilities
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2 ,0 0 0
2 ,0 0 0
25,972
46,516
108,704
2,500
60,195
$9,323,283
$9,819,001
$10,377,774
REPO RT OF THE
XXXV111
[Pub. Doc,
STATEM E N T No. 20.
S a y in g s D
epartm en ts,
T
ru st
C
o m p a n ie s
in
B
oston
.
Feb. 20,1912 Apr. 18,1912 June 14,1912 Sept. 4,1912 Nov. 26,1912
6
7
7
7 '«fef
7
Trust Com Trust Com Trust Com Trust Com Trust Com
panies.
panies.
panies.
panies.
panies.
Assets.
I n v e s t m e n t s a u t h o r iz e d f o r
S a v in g s B a n k s .
Public f u u d s ....................................
Railroad bonds and notes
Street railway bonds
Boston Terminal Company bonds .
Telephone company bonds
National bank and trust company
s t o c k .............................................
Loans on real estate
Loans on personal security
Other a s s e t s ....................................
Due from national banks and trust
com panies....................................
Cash: —
Currency and specie
Checks and other cash items
O th er I n vestm en ts.
Stocks and bonds
.
.
.
.
$249,378
1,281,237
88,973
1,990
47,706
$232,041
1,230,367
94,969
1,990
45,886
$372,657
786,860
96,890
1,990
37,823
$938,788
301,073
80,580
1,990
37,823
$676,138
371,975
105,528
1,990
38,719
83,012
1,076,320
294,117
107
224,252
1,043,538
421,514
4
266,317
1,167,863
763,881
133
273,767
1,172,798
1,014,372
270,517
1,388,631
1,107,488
24
55,139
76,435
117,966
95,744
73,044
8,165
-
9,222
8,421
6
8,007
-
8,059
-
_
25,875
-
-
-
-
$3,186,144
$3,406,094
$3,620,807
$3,924,942
$4,042,113
$3,146,321
2,000
$3,369,551
2,000
$3,587,588
2,500
$3,872,460
2,500
$3,979,671
2,500
37,782
41
34,501
42
30,547
172
49,810
172
59,769
173
$3,186,144
$3,406,094
$3,620,807
$3,924,942
$4,042,113
Liabilities.
D e p o s it s ..............................................
Guaranty fund
.
.
.
.
Interest, rents, etc., less current ex
penses
.
.
.
.
.
Other liabilities
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER,
No. 8.]
X X X IX
STATEM E N T No. 21.
S a v in g s D
epartm en ts,
T
ru st
C
o m p a n ie s
O
u t s id e
of
B
o sto n .
Feb. 20,1912 Apr. 18,1912 June 14,1912 Sept. 4,1912 N ov. 26,1912
14
14
14
15
13
Trust Com Trust Com Trust Com Trust Com Trust Com
panies.
panies.
panies.
panies.
panies.
•
Assets.
I n v e s t m e n t s a u t h o r iz e d f o r
S a v in g s B a n k s .
Public f u n d s ....................................
Railroad bonds and notes
Street railway bonds
Telephone company bonds
National bank and trust company
s t o c k .............................................
Loans on real estate
Loans on personal security
Real estate in possession or b y fore
closure
....................................
Other a s s e t s ....................................
Due from national banks and trust
com p a n ies....................................
Cash: —
Currency and specie
Checks and other cash items
O th er I n vestm en ts.
Stocks and bonds .
.
.
Demand loans with collateral
Other demand loans
Tim e loans with collateral
.
$144,513
255,534
211,497
109,488
$132,543
271,102
238,689
111,992
$139,937
309,034
240,614
112,279
$250,926
279,717
336,583
119,525
$213,790
299,086
347,205
133,613
40,743
2,627,883
1,861,076
42,448
2,501,999
2,362,776
67,211
3,014,852
2,296,310
46,293
3,048,015
2,113,098
51,033
3,388,443
2,188,464
63,070
3,168
29,170
9,405
28,170
1,291
28,086
6,522
28,441
1,135
230,128
295,376
191,744
163,387
162,438
24,322
274
14,761
66
34,062
1,000
31,235
5,817
16,176
18
430,175
46,350
3,000
85,917
367,581
35,000
301,462
19,000
270,801
“
145,018
—
$6,137,138
$6,412,908
$6,756,966
$6,700,005
$6,974,860
$6,080,831
-
$6,311,465
-
$6,618,787
-
$6,587,921
128
$6,862,852
128
30,377
25,930
54,967
46,476
78,157
60,022
28,948
83,008
58,496
53,384
$6,137,138
$6,412,908
$6,756,966
$6,700,005
$6,974,860
‘
Liabilities.
D e p o s i t s .............................................
Guaranty fund
.
.
.
.
Interest, rents, etc., less current ex
penses
....................................
Other liabilities
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xl
REPO RT OF THE
[Pub. Doc,
STATEM E N T No. 22.
A
ggregates
of
T
ru st
D
epartm en ts.
N ov. 26, 1912
29
Trust
Companies.
N ov. 26, 1912
13 •
Companies in
Boston.
N ov. 26, 1912
16
Companies out
side of Boston.
Assets.
S e c u r it ie s .
United States bonds
State b o n d s ....................................
City, county and town bonds
Railroad bonds .
.
.
.
Street railway bonds .
Miscellaneous bonds
Bank s to c k s ....................................
Railroad stocks .
.
.
.
Manufacturing stocks .
Miscellaneous stocks
$33,069
315,855
1,890,489
2,316,261
674,922
3,378,188
1,617,542
14,545,471
2,129,357
11,903,607
74
85
90
11
57
68
92
47
59
79
$15,483
289,951
1,772,233
2,039,535
546,037
2,846,220
1,480,870
12,406,424
1,639,818
10,371,757
24
69
30
23
45
98
17
50
74
13
$17,586
25,904
118,256
276,725
128,885
531,967
136,672
2,139,046
489,538
1,531,850
50
16
60
88
12
70
75
97
85
66
18,084,283
1,887,028
54,585
77,800
19
76
76
00
12,816,478
1,823,541
40,017
23,650
03
55
80
00
5,267,805
63,487
14,567
54,150
16
21
96
00
L oan s.
Loans
Loans
Notes
Notes
on real estate
with collaterals or sureties
of individuals
of corporations .
R eal E state.
Real estate owned
Real estate b y foreclosure
.
6,906,395 86
65,111 21
6,291,351 39
65,111 21
269,326 10
208,328 93
275,136 17
269,326 10
208,328 93
226,775 38
48,360 79
728,149 53
690,285 40
5,754 95
228,757 73
491,170 93
1,881 11
499,391 80
199,114 47
3,873 84
$68,056,953 48
$55,894,722 59
$12,162,230 89
$60,277,276
5,916,705
1,856,948
4,721
1,301
$49,374,118
4,730,834
1,785,049
4,721
27
17
01
14
$10,903,158 11
1,185,871 57
71,899 76
$55,894,722 59
$12,162,230 89
615,044 47
M is c e l l a n e o u s .
Trust fund agreements
A n n u i t i e s ....................................
S u n d r i e s ....................................
C ash .
Deposits in savjngs b a n k s ....................................
Deposits in national banks or trust companies .
Cash on h a n d .......................................................
Liabilities.
On trust accounts
As executors, administrators, etc.
Income .
.
.
.
.
.
D i v i d e n d s ....................................
S u n d r i e s ....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
38
74
77
14
45
$68,056,953 48
1,301 45
BAN K COMMISSIONER,
No. 8.]
xli
STATEM E N T No. 23.
R
eserves.
Of Trust Companies in Boston.
C l a s s if ic a t io n o f R e s e r v e .
T otal A m ount
in C a s h ,
R eserve B an k s,
U. S. AND
M a ss. B on ds.
c a r r ie d
No.
of
Cos.
DATE
OF
C ALL.
Net
Demand
Deposits.
Reserve
required.
CASH.
U. S.
and
Mass.
Bonds.
Due
from Re
serve
Banks.
Amount.
Per
Cent,
of De
posits.
22.93
$17,749,260
9.26
22.13
17,568,691
9.33
2,786,532
21,337,285
41,348,951
22.46
15,519,690
8.43
2,802,339
23,026,922
38,321,090
39,701,720
20.72
17,437,928
9.10
2,868,606
19,395,186
36,835,641
38,308,138
20.79
16,840,061
9.14
2,515,054
18,953,023
$6,562,336
Amount.
Per
Cent,
of De
posits.
1912.
Feb. 20 .
22 $191,715,156 $38,343,031 $43,964,079
April 18
.
23
188,355,417
37,671,083
41,692,508
June 14
.
23
184,131,874
36,826,374
Sept. 4
.
23
191,605,450
N ov. 26
.
22
184,178,203
$3,014,449 $23,200,370
Of Trust Companies outside of Boston.
Feb. 20
.
40
$62,646,201
19.32
$4,534,891
7.23
$1,011,172
April 18
.
40
65,109,805
9,766,470
11,990,995
18.41
4,115,193
6.32
990,353
6,885,449
June 14
.
40
63,994,459
9,599,169
11,216,072
17.52
4,368,174
6.82
990,236
5,857,662
$9,396,930 $12,108,399
Sept. 4
.
42
67,893,983
10,184,097
13,245,226
19.51
4,726,118
6.96
906,850
7,612,258
N ov. 26
.
43
66,664,704
9,999,706
12,149,912
18.23
4,915,738
7.37
1,018,024
6,216,150
Of All Trust Companies.
Feb. 20
.
62 $254,361,357 $47,739,961 $56,072,478
22.04
$22,284,151
8.76
April 18
.
63
253,465,222
47,437,553
53,683,503
21.18
21,683,884
8.55
3,776,885
28,222,734
June 14
.
63
248,126,333
46,425,543
52,565,023
21.18
19,887,864
8.01
3,792,575
28,884,584
259,499,433
48,505,187
52,946,946
20.40
22,164,046
8.54
3,775,456
27,007,444
250,842,907
46,835,347
50,458,050
20.11
21,755,799
8.68
3,533,078
25,169,173
Sept. 4
N ov. 26
.
.
65
65
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,025,621 $29,762,706
xlii
REPO RT OF TH E
[Pub. Doc.
STATEM E N T No. 24.
E
a r n in g s
D
and
iv id e n d s
of
A
ll
T
ru st
C
o m p a n ie s .
From Dec.
5, 1911,
to N ov. 26,
1912.
From N ov.
11, 1910,
to Dec. 5,
1911.
From N ov.
17, 1909,
to N ov. 10,
1910.
Gross e a r n in g s .........................................................................
$15,204,500 96
$15,278,007 87
$16,585,634 53
Less interest paid to depositors in banking departments
$5,686,866 21
$5,509,279 30
$4,304,757 13
Less interest paid to depositors in savings departments
325,561 17
286,684 94
219,620 79
5,171,019 48
5,781,878 64
4,941,727 32
Total d e d u c t i o n s .......................................................
$11,183,446 86
$11,577,842 88
$9,466,105 24
Net e a r n i n g s .........................................................................
$4,021,054 10
$3,700,164 99
$7,119,529 29
Dividends p a i d ................................................................
2,241,352 70
2,701,296 00
1,656,512 00
U ndivided earnings for y e a r .....................................
$1,779,701 40
$998,868 99
$5,463,017 29
Less expenses, taxes, premiums and losses
U ndivided earnings of previous years
.
.
.
.
T o t a l .........................................................................
Transferred to surplus
.
.
.
.
.
.
.
.
Net undivided e a r n i n g s ..............................................
N
um ber
of
D
7,276,059 56
6,651,690 57
5,654,673 28
$9,055,760 96
$7,650,559 56
$11,117,690 57
376,500 00
374,500 00
4,466,000 00
$8,679,260 96
$7,276,059 56
$6,651,690 57
e p o s it o r s .
The total number of depositors in trust companies on the date of
the last call of each year for the last six years is given below: —
Date.
Number of
Depositors
October 31, 1907, .
128,953
October 31, 1 9 0 8 ,..........................................................................................
134,881
November 16, 1 9 0 9 , .................................................................................
152,381
November 10, 1 9 1 0 , ....................................................................................... 171,830
December 5, 1 9 1 1 , .................................................................................
203,308
November 26, 1 9 1 2 , .................................................................................
233,446
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
BAN K COMMISSIONER.
xliii
STATEM E N T No. 25.
L
is t
of
L
egal
In vestm en ts.
The follow in g is a list o f bonds and notes which, in the opinion
o f this department, are now legal investments under the provisions
o f clauses second, third, fou rth , fifth and sixth o f section 68 o f
chapter 590, Acts o f 1908.
Clause second, relating to investments
in public funds, has been applied only to those counties, cities,
towns and districts which appear to have bonds or notes outstand
ing, and fro m which debt statements could be obtained.
third is the general law relating to railroad bonds.
Clause
Clause fourth
provided that issues which com plied with the old law shall con
tinue, under certain conditions, to be legal investments.
The
banks may not only continue to hold such bonds, but may invest
further in them.
In this list the bonds which do not com ply with
clauses second and third, but continue legal through clause fou rth ,
are printed in italics and the reason in each case is explained in the
footnotes.
Clause fifth relates to investments in street railway
bonds, and clause sixth to investments in telephone company bonds.
Investment in bonds or notes o f cities, toAvns and districts men
tioned in the list should not be made without further inquiry, as
both their indebtedness and their valuations for the assessment o f
taxes are constantly changing.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPO RT OF THE
xliv
[Pub. Doc.
P u b l ic F u n d s .
(Covering counties, cities, towns and districts which aopear to have bonds or notes outstanding,
and from which debt statements could be obtained.)
Public funds of the United States and of the following States: —
New Hampshire
Maine
Rhode Island
California
New Jersey
Vermont
Massachusetts
Connecticut
Michigan
New York
Washington
Delaware
Wisconsin
Ohio
Minnesota
Illinois
Oregon
Missouri
District of Columbia
Indiana
Pennsylvania
Nebraska
Iowa
Bonds or notes of the following counties, cities, towns and districts in New England: —
M a in e .
Counties.
Androscoggin
Aroostook
Kennebec
Auburn
Augusta
Bangor
N ew
Belknap
Coos
Hillsborough
Merrimack
Rockingham
Cities.
Biddeford
Brewer
Calais
Eastport
Ellsworth
Gardiner
Hallowell
Portland
Saco
W estbrook
Towns.
B oothbay Harbor
Brunswick
Caribou
Dexter
,
East Livermore
Kennebunk
Lubec
Old Orchard
Rumford
Yarmouth
W ater Districts.
Towns.
H a m p s h ir e .
Counties.
Berlin
Concord
Dover
Keene
Manchester
Portsmouth
Tow n s.
Ashland
Derry
Gorham
Haverhill
Hillsborough
Jaffrey
Lisbon
Milford
N orthumberland
Peterborough
Plaistow
Raym ond
Salem
W alpole
Water District.
North Conw ay*
V erm ont.
Cities.
Augusta
Brunswick and Topsham Barre
Burlington
Gardiner
Montpelier
Kennebec
Rutland
K ittery*
St. Albans
Portland
Vergennes
Van Buren*
Bennington
Brattleborough
M assach u setts.
Bonds or notes of any
county, city, town or
incorporated district!
of the Commonwealth
of Massachusetts
R hode
Cities.
Ansonia
Bridgeport
Danbury
Derby
Hartford
Middletown
New Britain
New Haven
New London
Norwalk
Putnam
Rockville
W aterbury
Willimantic
I slan d.
Cities.
Cranston
Newport
Providence
WoonsocketX
Towns.
Barrington
Bristol
Coventry
Cumberland
E ast ProvidenceX
Johnston §
LincolnX
N orth Smithfield
South Kingstown
Tiverton
Warren
W esterly
C o n n e c t ic u t .
Counties.
Fairfield
Towns.
Brandford
Brooklyn
Canton
Ellington
Enfield
Essex
Fairfield
Greenwich
Hamden
Madison
Manchester
Meriden
Newtown
Norfolk
Norwich
Plainfield
Southington
Stafford
Stamford
Suffield
Thomaston
Torrington
Wallingford
W est Hartford
Winchester
Windsor
Legally authorized bonds for municipal purposes, etc., of the following cities outside of New
England: —
St. Paul, Minn.
Louisville, K y.
Elmira, N. Y .
Akron, 0 .
San Francisco, Cal.
Evansville, Ind.
McKeesport, Penn.
Albany, N. Y .
Seattle, Wash.
Milwaukee, Wis.
Allentown, Penn.
Flint, Mich.
Sioux City, la.
Grand Rapids, Mich.
Minneapolis, Minn.
Altoona, Penn.
Newark, N. J.
South Bend, Ind.
Hamilton, O.
Auburn, N. Y .
New Castle, Penn.
Spokane, Wash.
Harrisburg, Penn.
Baltimore, Md.
Springfield, M o.
Indianapolis, Ind.
Niagara Falls, N. Y .
Bay City, Mich.
Springfield, O.
Jackson, Mich.
Oakland, Cal.
Buffalo, N. Y .
Superior, Wis.
Jamestown, N. Y .
Omaha, Neb.
Canton, 0 .
Paterson, N. J.
Syracuse, N . Y .
Jersey City, N. J.
Cedar Rapids, la.
Terre Haute, Ind.
Johnstown, Penn.
Philadelphia, Penn.
Chicago, 111.
Pittsburgh, Penn.
Toledo, O.
Joplin, M o.
Cleveland, O.
Troy, N. Y.
Kalamazoo, Mich.
Portland, Ore.
Columbus, 0 .
Utica, N. Y .
Quincy, 111.
Kansas City, M o.
Davenport, la .
Wilkes-Barre, Penn.
Reading, Penn.
La Crosse, Wis.
Dayton, O.
Williamsport, Penn.
Lancaster, Penn.
Rochester, N. Y .
Decatur, 111.
York, Penn.
Lansing, Mich.
Rockford, 111.
Des Moines, la .
Youngstown, 0 .
St. Joseph, M o.
Lima, O.
Detroit, Mich.
St. Louis, M o.
Los Angeles, Cal.
Dubuque, la.
* Less than 5,000 inhabitants within the district, therefore only bonds issued prior to June 8, 1908,
are legal.
t This department has been unable to learn of any incorporated district in Massachusetts the net
indebtedness of which is in excess of the limit prescribed by law.
1 Net indebtedness, as defined by new law, in excess of legal limit, therefore only bonds issued prior
to June 8, 1908, are legal.
§ Only those which have been assumed b y the city of Providence.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
B AN K COMMISSIONER.
R
a il r o a d
B
xlv
o n d s.
B AN G O R & A RO OSTOOK S Y S T E M .f, f
R .R .f,
.
.
.
.
“
“
Piscataquis D ivision f,
“
“
V an B u ren Extension f, If
“
“
M edford
“
t. II
Aroostook Northern R .R . f, If
.
.
.
.
Northern M a in e Seaport R.Ji.f, If
.
.
.
Bangor & Aroostook
First
“
11
“
R .R . and terminal first
.
.
.
.
.
.
5s
5s
5s
5s
5s
5s
1943
1943
1943
1937
1947
1935
3Js
3 is
3 is
4s
4 is
4s
4s
4 is
3s
4 is
4s
4s
4s
4s
4s
3 is
3 is
3 is
3|s
4s
4s
4s
4s
4s
4s
3is
3 is
4s
4s
4s
4s
4s
4 is
4 is
4 is
4s
4s
3 is
4s
3 is
4s
4s
4s
4 is
4 is
4s
7s
3 is
5s
4s
4is
1921
1923
1925
1926
1929
1937
1942
1944
1950
1937
1913
1915
1916
1917
1918
1919
1921
1923
1925
1926
1927
1929
1932
1943
1920
1921
1923
1943
1913
1930
1934
1935
1914
1917
1914
1915
1916
1920
1920
1921
1925
1927
1928
1928
1932
1937
1924
1923
1944
1924
1940
5s
4s
6s
4s
4s
. 4s
. 4s
. 4s
. 4 is
. 3 is
. 4s
. 4 is
. 5s
• 4s
1923
1920
1923
1920
1917
1929
1933
1930
1930
1954
1926
1928
1917
1955
BOSTON & M A IN E SYSTE M .
Boston & Maine R .R .
Plain
“
44
44
44
Portsmouth, Great Falls & Conway R R.
Boston & Lowell R .R .
Connecticut & Passumpsic Rivers R .R .
Concord & Montreal R .R .
Connecticut River R .R .
Worcester, Nashua & Rochester R .R .
Concord & Claremont R .R .
Peterborough & Hillsborough R .R .
Fitchburg R .R .
44
44
First
Plain
44
44
44
44
44
“
44
44
44
44
44
44
First
Consolidated mortgage
Plain
“
44
First
44
44
44
44
f*
Plain
“
44
44
44
44
44
“
“
44
“
T roy & Boston R .R .
Vermont & Massachusetts R .R .
St. Johnsbury & Lake Champlain R .R .
Sullivan County R .R .
Vermont Valley R .R .
44
First
Plain
First
“
“
M A IN E C E N T R A L SYSTE M .
Maine Central R .R . .
Penobscot Shore Line R .R .
Maine Shore Line R .R .
Belfast & Moosehead Lake R .R .
Dexter & Newport R .R .
Dexter & Piscataquis R .R .
European & North American R y
Upper Coos R .R .
Washington County R y. .
Portland & Rumford Falls R y.
Portland & Ogdensburg R .R .
Somerset R y. ...
Collateral trust
First
"
.
.
.
"
.
.
.
"
"
.
.
.
.
.
.
“
.
.
.
Mortgage
Extension mortgage
First
Consolidated .
First
"
.
.
.
First refunding
f Dividends paid for insufficient number of years.
IT Amount paid in dividends less than one-third of amount paid in interest.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
[Pub. Doc,
REPO RT OF THE
xlvi
N EW YO RK , N EW H AVEN & H A RTFO RD SYSTEM .
New York, New Haven & Hartford R .R .
New York, New Haven & Hartford R .R ., Harlem River
Port Chester
.
Housatonic R .R .
.
.
.
.
.
.
New York, Providence & Boston R .R .
Boston & New York Air Line R .R .
Danbury & Norwalk R .R .
.
.
.
.
Naugatuck R .R .
New Haven & Derby R .R .
Providence & Springfield R .R .
Providence Terminal Co. .
Boston & Providence R .R .
H olyoke & Westfield R .R .
New England R .R . .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
N ew York & N ew England R .R ., B oston Terminal
Norwich & Worcester R .R .
.
.
.
.
1914
1947
1947
1954
1955
1956
4s
5s
4s
. 4s
/ 5s
• 1 6s
. 5s
. 4s
. 4s
. 3 is
. 5s
. 5s
4s
4s
. 4Js
/ 4s
• \ 5s
. 4s
. 4s
. 4s
. 4s
. 4s
. 3is
. 4s
1954
1937
1942
1955
1920
1925
1955
1954
1930
1918
1922
1956
1918
1951
1945
1939
1927
1924
1925
1938
1932
1947
.
.
.
.
.
.
.
4s
4s
4s
6s
5s
5s
5s
1995
1958
1928
1915
1937
1928
1940
.
.
.
.
4s
3§s
4s
3 Js
1935
1925
1948
1925
.
5s
1987
.
.
.
•
.
.
First
Consolidated
General
First
Consolidated
General
Refunding
First
Debenture
Consolidated
First
"
.
.
Plain
First
Consolidated
.
.
.
.
.
.
.
First
Debenture
Plain
Old Colony R .R .
“
First
Providence & Worcester R .R .
4s
4s
3 is
3Js
4s
3 is
Debenture
.
. .
“
“
“
“
Convertible debenture
1
'.
1
4.ILW AY S Y S T E M .
Atchison, Topeka & Santa Fe R y.
“
“
“
“
Trans. Short Line
“
“
“
“
East Oklahoma
Chicago & St. Louis R y. .
.
.
.
.
Chicago, Santa Fe & California R y. .
Hutchinson & Southern R y.
.
.
.
.
San Francisco & San Joaquin Valley R y.
B A L T IM O R E
General mortgage
First
"
.
“
.
"
.
“ .
.
.
.
.
.
.
.
STEM .
Extension
Prior lien
First mortgage
Southwestern Division
C E N T R A L OF N E W JE R S E Y SYST E M .
General
Central R .R . of New Jersey
.
.
C H IC A G O & N O R T H W E S T E R N SYST E M .
Chicago & Northwestern R y.
“
“ .
“ sinking fund
Cedar Rapids & Missouri River R .R . .
Northwestern Union R y. .
Milwaukee, Lake Shore & Western R y.
Marshfield Extension
Michigan Division
Ashland
“
Ext. and imp
Wisconsin Northern R y. .
Winona & St. Peter R .R . .
.
.
.
.
B o yer Valley R y * .
Minnesota & Iowa R y.
Southern Iow a R y .* .
.
.
.
Princeton & Northwestern R y. .
Peoria & Northwestern R y .*
M ankato & N ew U lm R y .*
.
\ .
Fremont, Elkhorn & Missouri Valley R .R .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
General
Consolidated .
Extension
Sinking fund mortgage
Mortgage
First
Consolidated .
First
“
“
Mortgage
First
44
44
44
First
44
44
44
Consolidated .
|| || Legalized b y special act of General Court.
* Secured on less than 100 miles of railroad.
Í 3*s 1 1987
4s
1915
7s
1926
4s
5s
1929
6s
7s
1916
7s
1917
6s
1921
5s
1922
6s
1924
6s
1925
5s
1929
4s
1931
7s
1916
3 is 1923
3*s 1924
3*s 1925
3 is 1926
3 is 1926
3 *s 1929
6s
1933
No. 8.]
BAN K COMMISSIONER.
xlvii
C H IC A G O & N O R T H W E S T E R N S Y S TE M — Concluded.
.
.
.
Iowa, Minnesota & Northwestern R y.
.
.
Sioux City & Pacific R .R .
M anitowoc, Green Bay & North Western R y.
.
.
M innesota & South Dakota R y .*
.
.
.
First
“
.
.
.
.
“
.
.
3 |s
3 |s
3 |s
3 |s
1935
1935
1936
1941
4s
3 is
4s
4s
5s
4s
4s
6s
6s
7s
7s
1958
1
j1 1949
1
J 1919
J
1922
1927
1918
1919
1920
1920
C H IC A G O , B U R L IN G T O N & Q U IN C Y SYST E M .
Chicago, Burlington & Quincy R .R . .
.
.
.
.
“
“
“
“ Illinois Division .
“
“
“
“ Iowa
“
.
“
“
“
“ Denver Extension
“
“
“
“ Nebraska
“
.
Burlington & Missouri River R .R . in Nebraska .
.
Republican Valley R .R .
.
.
.
.
.
.
.
Tarkio Valley R .R . .
.
.
.
.
.
.
.
Nodaway Valley R .R .
General
Mortgage
.
.
.
.
.
■“
—
Mortgage
Consolidated .
Mortgage
First
C H IC A G O , M IL W A U K E E & ST. PA U L S Y S T E M .
Chi., Mil. & St. Paul R y.
.
.
.
.
La Crosse & Davenport Division
Dubuque
Wisconsin Valley
Chicago & Pacific Western
Wisconsin & Minnesota
Chicago & Lake Superior
Chicago & Missouri River
Terminal
Dakota & Great Southern R y. .
.
.
.
Fargo & Southern R y.
.
.
.
.
.
Milwaukee & Northern R .R .
.
.
.
.
3 is 11 1989
4s J
1919
5s
6s
1920
6s
1920
1921
5s
5s
1921
1921
5s
5s
1926
5s
1914
5s
1916
6s
1924
4 is 1913
General
First
Extension
C H IC A G O , R O C K ISLA N D & P A C IF IC S Y S T E M .
Chicago, R ock Island & Pacific R .R . .
“
“
“
“
R y. .
.
.
.
.
.
.
.
.
6s
4s
1917
1988
f 3|si
• \ 6s
. 6s
. 6s
. 6s
1930
1918
1930
1919
.
.
.
.
.
4s
7s
4|s
6s
3|s
1943
1917
1942
1924
1946
6s
1921
Mortgage
General
C H IC A G O , ST. PAUL, M IN N E A PO LIS & O M A H A SYST E M .
Chicago, St. Paul, Minneapolis & Omaha R y.
Chicago, St. Paul & Minneapolis R y. .
.
.
North Wisconsin R y.
.
.
.
.
.
St. Paul & Sioux C ity R .R .
.
.
.
.
Consolidated .
First
“
.
.
.
“
T3TEM.
First refunding
First
“
“
Convertible .
Delaware & Hudson Co. .
“
Canal Co.
Adirondack R y.
Schenectady & Duanesburg R .R
Albany & Susquehanna R .R .
D E L A W A R E , L A C K A W A N N A & W E S T E R N SYST E M .
N e w York, Lackawanna & W estern R y .§
.
.
.
.
First
G R E A T N O R T H E R N SYSTEM .
Great Northern R y. .
Minneapolis Union R y.
.
.
.
St. Paul, Minneapolis & M anitoba R y.
Eastern R y. of Minnesota
Montana Central R y.
Wilmar & Sioux Falls R y.
Spokane Falls & Northern R y .
.
.
.
. First refunding
.
.
.
. First
.
.
.
. Consolidated .
.
.
.
.
.
.
. Montana extension
. Pacific extension
Northern Division
.
.
.
. First
.
* Secured on less than 100 miles of railroad.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4Js
5s
6s
4s
4 is
6s
4s
4s
4s
5s
6s
5s
6s
§ N ot guaranteed by endorsement.
1961
1. 1922
J
j
r 1933
J
1937
1940
1948
1■1937
J
1938
1939
xlviii
[Pub. Doc,
REPO RT OF THE
ILLIN O IS C E N T R A L SYSTE M .
Illinois Central R .R .
.
.
.
.
.
.
.
Refunding mortgage
“
“
Sterling Extended
.
.
.
.
“
“
“ Gold E x t e n d e d ........................................................ “
“
“ S t e r l i n g ................................................................... -
;;
;;
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
;; G o l d .......................................... -
“
“
“
“
“
“
“
“
“
“
“
“
Gold Extended !
!
.
'
!
!
Springfield Division .
.
.
.
First
Kankakee & South Western R .R .
.
“
Cairo B r i d g e ...........................................“
St. Louis Division
Purchased Lines
Collateral Trust
.
.
Western Lines%
Louisville Division%
Omaha D iv ision t
Litchfield D ivision *
Collateral Trust ||
.
.
—
L A K E SHORE & M IC H IG A N S O U TH ER N SYST E M .
Lake Shore & Michigan Southern R y.
.
.
.
.
First general .
Kalam azoo, Allegan & Grand R apids R .R .* .
.
.
.
First
.
.
——
4s
4s
3 is
1955
1951
1950
Sa
1951
4s
1951
3 is 1951
3*8 1951
3 *s 1951
5s
1921
4s
1950
/3 s 1
1
\ 3 is j 1951
3 is 1952
3 is 1950
4s
1951
3 is 1953
3s
1951
1951
3s
1952
4s
3 is
5s
5s
6s
1997
1938
1934
1932
LOU ISVILLE & N ASH V ILLE SYST E M .
Unified .
Louisville & Nashville R .R .
General
First
Trust .
Sinking fund
Evansville, Henderson & Nashville Division
General
Louisville, Cincinnati & Lexington R y.
Southeast & St. Louis Division .
Mobile & Montgomery
.
.
.
.
First
New Orleans & Mobile Division, $5,000,000
4s
6s
5s
5s
6s
4 is
6s
4 is
6s
1940
1930
1937
1931
1919
1931
1921
1945
1930
M IC H IG A N C E N T R A L SYSTE M .
Central R .R .
.
.
.
.
.
.
.
First
Central-Michigan Air Line R .R .
Central-Detroit & Bay C ity R .R .
.
.
.
“
Central-Jackson, Lansing & Saginaw R .R .
.
.
“
M ichigan Centrai-Joliet & N orthern Ind ia na R .R .*
.
.
“
M ichigan Central-Kalam azoo & South H aven R .R .*
.
.
“
3 is
4s
5s
3 is
4s
5s
1952
1940
1931
1951
1957
1939
M ahoning Coal R .R A
Pittsburgh, M cK eesp ort & Youghiogheny R .R .*
.
.
.
“
.
.
Michigan
Michigan
Michigan
Michigan
N E W Y O R K C E N T R A L SYSTEM .
New York Central & Hudson River R .R . .
.
.
.
Mortgage
Beech Creek R .R .
.
.
.
.
.
.
.
.
First
Mohawk & Malone R y.
N e w York & Harlem R .R .§
.
.
.
.
.
.
Mortgage
Rom e, Watertown & Ogdensburg R .R .§
“
“
“
N orw ood & Montreal R .R . §
Oswego R .R . B rid ge §
.
Terminal R .R . §
.
.
.
Syracuse, P hoenix & Oswego R .R .§
.
.
Carthage. Watertown & Sachet’s Harbor R.R .%
Utica & Black River R .R A
.
.
.
Boston & Albany R .R .
.
.
.
.
.
.
.
.
.
Consolidated
.
.
.
.
.
.
First
“
.
.
.
.
.
.
“
Consolidated
First
Plain
.
.
.
.
.
N O R T H E R N P A C IF IC SYSTE M .
Northern Pacific R y.
.
.
.
.
.
.
.
Prior lien
St. Paul & Northern Pacific R y .
.
.
.
.
.
St. Paul & Duluth R .R .
.
.
.
.
.
.
.
First
Washington & Columbia River R y.
.
.
.
.
.
“
3 is 1997
1936
4s
1991
4s
3 is 2000
(5 s 1
4s 1 1922
(3 is jI
5s
1918
1916
5s
1915
6s
1915
6s
1931
5s
1922
4s
3 is 1952
1913
4s
3 is 1951
1933
4s
1934
4s
1935
4s
4is 1937
4s
6s
5s
4s
1997
1923
1931
1935
* Secured on less than 100 miles of railroad.
t Bonds do not cover 75 per cent, of the railroad owned in fee at the date of the mortgage b y the
railroad corporation on the railroad of which the mortgage is a lien.
.
|| Railroad covered b y one of the issues pledged as collateral is not operated by Illinois Central R .R .
§ N ot guaranteed b y endorsement.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BAN K COMMISSIONER.
Jo. 8 .]
.
Pennsylvania R .R .
“
<«
44
««
.
P E N N S Y L V A N IA SYSTEM .
Consolidated
.
.
.
.* . . .
. . .
.
.
Sunbury & Lewiston R y
Sunbury, Hazleton & Wilkesbarre R y .*
W est Chester R .R .*
.
Western Pennsylvania R .R .
,
.
South W est Pennsylvania R .R .
.
.
Philadelphia & Erie R .R .
.
.
.
.
.
44
44
Consolidated
First
.
.
44
44
44
“
. .
Cleveland & Pittsburgh R .R .
44
44
44
ii
44
.
Allegheny Valley R y.
.
.
. '
First
General
.
44
44
44
.
General
.
1919
1943
1945
1948
1936
1928
1919
1928
1943
1917
1930
1920
{ a }
4s
1913
4s
1923
4s
1929
4s
1944
4s
1948
3 is 1951
4s
1936
3 is 1940
/ 4 is 1942
1 3 is
3is 1948
3 is 1950
1942
4s
44
44
44
44
44 44
44 44
44 44
Delaware River R .R . & Bridge C o .*
E r ie & Pittsburgh R . R *
.
First
General
United New Jersey R .R . & Canal Co.
44
44
44
5s
4s
3 is
4s
4s
5s
5s
4s
4s
7s
3 is
General
,
44
44
44
.
44
Harrisburg Portsmouth, M t . J o y & Lancaster R .R
44
44
44
“
“
44
First
Pittsburgh Virginia & Charleston R y .*
Junction R .R .*
xlix
M ISCELLAN EO US.
First
44
Consolidated .
First
Boston Terminal Co. ||||
.
Boston, Revere Beach & L y n n R .R . f
Bridgton & Saco River R .R .
New London Northern R .R .
Narragansett P ier R .R . f
Portland Terminal Co.
.
44
.
.
First
.
Str e e t
R
B
a il w a y
Refunding first mortgage
First mortgage
44
44
44
44
44
Leominster, Shirley & Ayer Street R y.
Holyoke Street R y. .
.
.
.
.
44
Nahant & Lynn Street R y.
Springfield Street R y.
.
.
.
.
Springfield & Eastern Street R y. Co. .
Western Massachusetts Street R y.
W oronoco Street R y.
.
.
.
Union Street R y.
.
.
.
.
.
W est End Street R y .
.
.
.
.
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
“
“
“
“
.
.
T
.
.
Consolidated mortgage
Debenture
“
.
44
44
44
44
44
.
.
* Secured on less than 100 miles of railroad.
§ N ot guaranteed by endorsement.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
First mortgage
elephone
American Telephone & Telegraph Co.
44
44
44
44
44
Plain
“
First mortgage
Consolidated mortgage
First mortgage
Debenture
44
44
First mortgage
Fitchburg & Leominster Street R y.
44
C
.
om pany
.
.
3 is
4 is
4s
4s
4s
4s
1947
1927
1928
1940
1916
1961
4s
5s
5s
5s
5s
5s
5s
5s
5s
5s
5s
4s
5s
4 is
5s
5s
5s
5s
5s
5s
4s
5s
5s
5s
5s
4 is
4s
4s
4s
4 is
4 is
4s
1954
1924
1915
1916
1919
1919
1920
1923
1928
1928
1918
1922
1917
1921
1921
1915
1920
1923
1925
1929
1923
1922
1926
1920
1914
1914
1915
1916
1917
1923
1930
1932
4s
1929
on ds.
Boston & Northern Street R y. .
.
Lynn & Boston R .R .
.
.
.
.
Wakefield & Stoneham Street R y.
Gloucester, Essex & Beverly Street R y.
M ystic Valley Street R y. .
.
.
.
Haverhill, Georgetown & Danvers Street R y.
Georgetown, Rowley & Ipswich Street R y. .
Lowell, Lawrence & Haverhill Street R y.
Peoples’ Street R y. .
.
.
.
.
Boston & Revere Electric Street R y. .
East Middlesex Street R y.
44
.
B
on ds.
Collateral trust
.
.
|| || Legalized b y special act of General Court.
t Dividends paid for insufficient number of years.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ABSTRACT OF ANNUAL REPORTS
OF THE
Sa v in g s B a n k s
for
and
I n s t it u t io n s
Sa v in g s ,
SHOWING THEIR
CONDITION A T TH E CLO SE OF BUSINESS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
O c t o b e r 31, 1912.
2
REPORT OF THE
[Pub. Doc,
ABINGTON SAVINGS BANK, ABINGTON.
6
Incorporated March 17, 1853.
CENTRE AVENUE.
Number of corporators, 50; number of trustees, 16.
J o s e p h L . G b e e n w o o d , President.
D a v id V . P o o l e , Treasurer.
G e o r g e W . N a s h , Clerk o f the Corporation.
W . B. A r n o l d , C . L . B a k e r , W . J. C o u g h l a n , C. H . E d s o n , T . F. G il e s ,
J. L . G r e e n w o o d , I. C . H o w l a n d , G . W . K e l l y , W . E . L y o n , A . H . N a s h , W . S. O ’B r ie n ,
C . M . P a c k a r d , D . V . P o o l e , J. W . S p r o u l , W il l ia m V a n c e , F. G . W h e a t l e y .
Board o f Trustees:
B oard o f Investm ent:
C. L. B a k e r , W . J. C o u g h l a n , J. L. G r e e n w o o d , C. M . P a c k a r d , J. W . S p r o u l ,
W il l ia m V a n c e .
!
Auditing Com m ittee:
W . E . L y o n , A. H. N a s h , C. M . P a c k a r d .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay
able the first T u e s d a / of April and October. Business hours: 9 a . m . to 12 M.; 1 to 4 p .m .; Satur
days, 9 a . m . to 12 m .; also Fridays, for deposits only, 7 to 8 p .m .
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
.
$306,000
517,000
50.000
59,657
5,000
54.000
34,375
$304,342
466,540
48,625
146,190
4,800
48,330
29,425
00
00
00
60
00
00
00
$1,026,032 60
647 loans on real estate (average o f each, $ 2 ,7 7 8 .1 7 ) .
.
38 loans on personal security
.
.
.
Bank building and fixtures (estimated value, $ 3 5 ,0 0 0 ; assessed
Real estate by foreclosure, etc. (assessed value, $ 3 ,2 0 0 )
.
Taxes, insurance, etc., paid on mortgaged properties
.
Suspense account
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
Book Value.
50
00
00
00
00
00
00
$1,048,252 50
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets .
00
00
50
60
00
00
40
$999,388 50
1,797,475
127,259
30,000
3,360
304
2,743
18,045
3,579
value, $ 4 1 ,2 5 0 )
.
.
$305,675
500,946
49,437
57,332
4,950
48,220
32,827
00
00
00
58
09
77
40
15
$2,982,155 49
Liabilities.
.
Due depositors on 5,245 accounts, averaging $519.83 each
$2,726,516 60
( Accounts opened during year, 4 0 1 ; closed, 3 8 5 ; increase, 66)
Surplus: —
o. Guaranty fund (4 .9 6 % o f deposits; increase during year, $ 3 ,8 6 5 )
b. Profit and loss (increase during year, $ 4 ,6 2 3 .8 7 )
Current income: —
a. Interest .
.
.
.
.
.
.
$15,345 45
b. Rent
.
.
.
.
.
.
.
298 60
$15,644 05
453 79
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
135,365 00
105,083 63
15,190 26
Total Liabilities
.
. $2,982,155 49
No. 8.]
BANK COMMISSIONER.
3
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$3,063.14 $3,924.48
$540.00
$91.00
$2,180.25
Cost per $1,000 of assets
1.03
1.31
.18
.03
.73
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$9,798.87
3 .2 8
$2.07
Gross income received during the year, $137,290.
Rates on Investments and Loans (Average on All, 4.78% ).
Real estate loans (average rate, 5.12 per
5 M % , $94,425; 6%, $213,434.12.
cent.): 4 % % , $73,500; 4M % , $15,000; 5%, $1,401 115 88-
rate, 4.99 per cent.): 4%, $25,000; 4 H % , $10,000; 4 M % , $22,500- 5% ,
5 ^ % , $9,000; 6%, $6,009; 7%, $17,000.
etc. (average rate on book values, 4.14 per cent.): 1.80%, $34,375; 3%, $30,000; 3V4%
3% % , $10,000; 4%, $479,000; 4 \ i % , $700; 4 % % , $45,000; 4 % % , $25,000; 5%,’
6%, $7,200; 7%, $7,000; 10%, $15,000; 12%, $15,000.
Personal loans (average
$35,750;
B o n d s , stocks,
$322,300;
$32,600;
Number of loans not over $3,000 each, 557, amounting to $734,926.14.
59 real estate loans made during year, amounting to $181,625.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 2,602, amounting to
$51,986 29
52,723 87
276,633 77
$381,343 93
313,726 56
Number of withdrawals during year, 3,467, amounting to
Net increase in amount due depositors
$67,617 37
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000 Boston 3J^s
4.000 Dayton, 0., 3%a
10.000 New Britain, Ct., 4s
10.000 Taunton 3p£s
13,300 Abington 3p£s
9.000 Abington 4s
2.000 Attleborough 4s
10.000 Bedford 4s
10.000 Meriden, Ct., 3J^s
10.000 Middleborough 4s
10.000 Shelburne Falls 4s
1.000 South Abington 4s
Public Funds, Notes.
15.000 Essex County 4%s
10.000 Plymouth Co. 4p£s
25.000 Lowell 4s
20.000 Abington 3J^s
10.000 Abington 3%s
5.000 Abington 4s
10.000 Abington 4% s
3.000 Attleborough 4s
28.000 Hanover 4s
$700 Hanover 4 }{s
20.000 Quincy 4s
20.000 Rockland 4s
20.000 Whitman 4s
10.000 Whitman 4p2S
15.000 Old Colony 4s
$25,000 Penobscot Shore Line 4s
12.000 Portland & R. Falls 4s
$517,000
$306,000
Railroad Bonds.
$50,000 Baltimore & Ohio 3p£s
25.000 Boston & Albany 4s
15.000 Boston & Maine 3)^s
49.000 Boston & Maine 4s
10.000 Boyer Valley 3Hs
20.000 C. B. & Q. 3p£s
30.000 Chicago & North West. 4s
35.000 Fitchburg 3J^s
17.000 Fitchburg 4s
10.000 Grafton & Upton 4s*
30.000 Illinois Central 3s
30.000 Illinois Central 3p£s
80.000 N. Y „ N. H. & H. 3J^s
44.000 N. Y „ N. H. & H. 4sf
20.000 No. Maine Seaport 5s
Street Railway Bonds.
$25,000 Boston Elevated 4s
25,000 Boston Elevated 4)^s
$50,000
Bank Stocks.
Shs.
100 Abington Nl. Bk.
26 First Nl. Bk., Adams
150 First Nl. Bk., Boston
100 Merchants Nl. Bk., Boston
38 Mount Vernon Nl. Bk., Boston
45 Nat. Bk. of the Republic, Boston
50 Second Nl. Bk., Boston
47 State Nl. Bk., Boston
23 Webster & Atlas Nl. Bk., Boston
40 Brockton Nl. Bk.
32 Old Colony Nl. Bk., Plymouth
D a t e of E x a m in a t io n , March 11, 12, 13.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $30,000 not a legal investment.
REPORT OF THE
4
[Pub. Doc.
AMHERST SAVINGS BANK, AMHERST.
9
and 11 SOUTH PLEASANT STREET.
Incorporated April 5, 1864.
Number of corporators, 24; number of trustees, 13.
E. D . B a n g s , President.
W.
T . C h a p in , Treasurer.
G e o r g e C u t l e r , Clerk o f the Corporation.
P. A in s w o r t h , E . D . B a n g s , E . P. B a r t l e t t , F . A . C a d w e l l , H . T. C o w l e s ,
G e o r g e C u t l e r , C . F . D e n e l , B . M . F ie l d , J. C . H a m m o n d , L . D . H il l s , G , S. K e n d r ic k ,
G . F . M il l s , H . S. S h ip m a n .
Board o f Trustees: F.
Board o f Investm ent: E . D . B a n g s , E .
A uditing Com m ittee:
P. B a r t l e t t , G . S. K e n d r ic k .
G. S. K e n d r ic k , F. P. A in s w o r t h , C. F. D e n e l .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours; 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds .
. *>
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
Estimated
Market Value.
Par Value.
$165,600
752.000
150.000
108,700
110.000
25,000
00
00
00
00
00
00
$168,562
712,532
145,437
153,190
105,600
22,375
$1,311,300 00
Book Value.
50
50
50
00
00
00
$1,307,697 50
886 loans on real estate (average o f each, $ 2 ,9 5 1 .7 8 ) .
.
.
.
.
.
60 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 0 ,0 0 0 ; assessed value, $ 1 5 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$165,600
741,600
148,187
108,125
110,000
23,500
00
00
50
00
00
00
$1,297,012 50
2,615,281
243,089
30,000
43,278
9,115
11
00
00
62
89
Total A s s e t s .......................................... $4,237,777 12
Liabilities.
Due depositors on 8,059 accounts, averaging $476.18 each
.
.
.
.
:,837,555 38
(Accounts opened during year, 9 1 5 ; closed, 6 9 7 ; increase, 818)
Surplus: —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 6 ,4 8 2 .5 7 )
b. Profit and loss (increase during year, $ 1 9 ,6 4 9 .3 8 ) .
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
.
.
,
$77,667 80
b. R e n t ...............................................................................................
143 25
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
191,172 91
131,237 78
77,811 05
. $4,237,777 12
5
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,941.05
$7,766.63 $1,500.00
$1,048.22
$15,255.90
Cost per $1,000 of assets
1.16
1.83
.35
.25
3.59
Cost per $1,000 of assets not including State tax and rent .
.
.
,
.
.
2 .0 8
Gross income received during the year, $195,826.26.
Rates on Investments and Loans (Average on All, 4.79% ).
(average rate, 5 per cent.): 4J^%, $52,000; 4 ^ % , $11,000; 5%, $2,501,546.11; 5)^% ,
$18,565; 6%, $32,170.
Personal loans (average rate, 5.34 per cent.): 4)4% . $25,000; 4J^%, $25,000; 5%, $8,500; 53^%>
$140,013; 6%, $44,576.
B onds, stocks, etc. (average rate on book values, 4.27 per cent.): 3%, $25,000; 3 } 4 % , $190,000; 3 % % ,
$18,000; 4%, $731,000; 4M % . $245,000; 5%, $37,600; 6%, $11,300; 7%, $11,000; 8%, $25,300;
10%, $17,100.
Real estate loans
Number of loans not over $3,000 each, 703, amounting to $866,107.11.
177 real estate loans made during year, amounting to $474,139.60.
Dividends, Deposits and Withdrawals.
$72,329 24
74,148 65
515,399 72
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 6,047, amounting to
Number of withdrawals during year, 5,804, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$661,877 61
546,580 57
$115,297 04
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Boston 4s
25.000 Chicago, 111., 4s
25.000 Holyoke 4s
7.500 Youngstown, 0., 5s
$92,000 Fitchburg 4s
75.000 Fitchburg 4J^s
25.000 Illinois Central 3s
25.000 N. Y „ N. H. & H. 3^s
175,000 N. Y „ N. H. & H. 4s
$752,000
Public Funds, Notes.
18.000 Amherst 3%s
35,600 Amherst 4s
4.500 Belchertown 4s
$165,600
Railroad Bonds.
$25,000 Boston & Albany 4s
20.000 Boston & Maine 3J^s
135,000 Boston & Maine 4s
95.000 Boston & Maine 4)^s
35.000 C„ B. & Q. 3Ms
50.000 C ..B .& Q . 4s
Street Railway Bonds.
$25,000 Boston Elevated 4s
50.000 Boston Elevated 4Hs
25.000 Boston & Northern 4s
25.000 Springfield 4s
25.000 West End 4Jdis
$150,000
Bank Stocks.
Shs.
100 First Nl. Bk., Amherst
80 Nl. Bk. of the Republic, Boston
D a te of E x a m in a t io n , July 10, 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Shs.
4 Second Nl. Bk., Boston
4 State Nl. Bk., Boston
23 Conway Nl. Bk.
28 City Nl. Bk., Danbury, Ct.
47 First Nl. Bk., Easthampton
56 Franklin Co. Trust Co., Greenfield
100 City Nl. Bk., Holyoke
100 Holyoke Nl. Bk.
30 Com. Nl. Bk., New London, Ct.
67 Northampton Nl. Bk.
78 Hamp. Co. Nl. Bk., Northampton
78 First Nl. Bk., Northampton
60 First Nl. Bk., Norwich, Ct.
117 Thames Nl. Bk., Norwich, Ct.
38 Palmer Nl. Bk.
115 Chapin Nl. Bk., Springfield
28 Crocker Nl. Bk., Turners Falls
8 Ware Nl. Bk.
6 Mechanics Nl. Bk., Worcester
6
REPORT OF THE
[Pub. Doc.
ANDOVER SAVINGS BANK, ANDOVER.
M AIN STREET.
Incorporated April 2, 1834.
J o h n H . F l in t , President.
Number of corporators, 35.
Number of trustees, 16.
F r e d e r ic S. B o u t w e l l , Treasurer.
B u r t o n S. F l a g g , Clerk o f the Corporation.
A r t h u r B l is s , F. S. B o u t w e l l , J. H. C a m p io n , J. N. C o l e , B . S. F l a g g , J. H .
• F l in t , L. T . H a r d y , F . G. H a y n e s , F. H . J o n e s , J. F. K im b a l l , B a r n e t t R o g e r s , J. A . S m a r t ,
G. F. S m it h , J. L. S m it h , A . E . S t e a r n s , S. D. S t e v e n s .
Board o f Trustees:
Board o f Investm ent:
J. H . F l in t , L. T. H a r d y , J. A . S m a r t .
Auditing Comm ittee:
F. G. H a y n e s , J. N. C o l e , S. D. S t e v e n s .
Deposits draw interest from third Wednesday of March, June, September and December; dividends
are payable the third Wednesday of June and December. Business hours, 9 a . m . to 12 m .; 2 to
4 p . m . ; Wednesdays, 9 a . m . to 12 m . ; the third Wednesday of March, June, September and Decem
ber, 9 a . m . to 12 m . ; 2 to 4 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$453,700
1,018,000
120,000
148,575
20,000
80,000
20,500
00
00
00
00
00
00
00
$444,547
983,705
115,525
322,755
19,200
71,600
1,000
$1,860,775 00
924 loans on real estate ( average o f each, $ 2 ,5 8 7 .9 3 ) .
.
57 loans on personal security
.
.
.
.
.
Real estate b y foreclosure, etc. ( assessed value, $ 1 0 .4 2 5 ) .
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
$1,958,332 38
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
38
00
00
00
00
00
00
.
.
.
Book Value.
$453,306
1,016,496
118,150
147,725
20,000
71,646
10
75
25
00
00
00
25
00
$1,827,334 25
2,391,246 50
616,925 00
5,955 00
39,339 50
4,182 71
Total A s s e t s .......................................... $4,884,982 96
Liabilities.
Due depositors on 8,703 accounts, averaging $509.07 each
. . .
.
.
.
$4,430,460 00
{Accounts opened during year, 9 8 3 ; closed, 6 8 6 ; increase, 2 9 7 )
Surplus: —
a. Guaranty fund (4 .9 9 % o f deposits; increase during year, $ 3 ,0 0 0 )
.
.
.
h. Profit and loss (increase during year, $ 2 0 ,2 1 7 .1 4 ) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$79,552 28
Less current expenses not charged off
.
.
.
.
3,769 60
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
221,000 00
157,740 28
75,782 68
. $4,884,982 96
No. 8.]
7
BANK COMMISSIONER,
Total Expenses for the Year, including State Taxes.
Total.
Rent.
Advertising. Other Expenses.
State Tax (Net).
Salaries.
$20,841.90
Amount paid for
$8,514.20
$8,210.00
$1,740.00
$62.97
$2,314.73
4 .2 6
.36
.01
.47
Cost per $1,000 of assets
1.74
1.68
2 .1 6
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $224,034.51.
Rates on Investments and Loans (Average on All, 4.68% ).
Real estate loans
(average rate, 4.99 per cent.): 4J^%, $160,000; 5%, $2,155,315.50; 5J^%, $23,050;
6%, $52,881.
(average rate, 4.54 per cent.): 4%, $10,000; 4J/g%, $50,000; 4J^%, $145,950; 43/g%,
$70,000; 4 W 7o, $201,150; 4M % . $14,500; 5%, $34,075; 5 & % , $70,400; 5 } 4 % , $20,000; 6%,
$850.
B onds, stocks, etc. (average rate on book values, 4.33 per cen t.): 2%, $21,300; 3%, $200; 3J^%, $317,000;
4%, $1,037,500; 4 K % , $65,000; 4 ^ % , $115,000; 5%, $168,100; 6%, $24,100; 7%, $29,000; 8%,
$16,400; 10%, $16,000; 11%, $18,700; 12%, $11,100.
Personal loans
Number of loans not over $3,000 each, 743, amounting to $1,190,521.50.
95 real estate loans made during year, amounting to $236,420.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 6,957, amounting to
$84,777 50
85,668 14
440,434 42
Number of withdrawals during year, 5,016, amounting to
$610,880 06
521,041 26
Net increase in amount due depositors
.
.
.
.
.
.
.
.
$89,838 80
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200 United States 3s
25.000 Massachusetts 3Ks
25.000 Boston 3)^s
48.000 Brockton 4s
25.000 Chelsea 3)^s
50.500 Chicago, 111., 4s
5,000 Chicago, 111., 4J^s
15.000 Los Angeles, Cal., 4)^s
10.000 New Bedford 4s
30.000 New London, Ct., 3Hs
10.000 Omaha, Neb., 4J^s
10.000 Pittsburgh, Pa., 4J^s
15.000 Pittsfield 4s
25.000 So. Norwalk, Conn., 4J4s
10.000 Amesbury 4s
62.000 Andover 3J^s
21.000 Andover 4s
10.500 Methuen 4s
4,500 North Andover 4s
10.000 North Attleborough 4s
10.000 Palmer 4s
20.000 Kennebec,Me.(W.D.), 3p£s
12.000 Kittery, Me. (W.D.), 5s
Railroad Bonds.
$30,000 Bangor & Aroostook 5s
25.000 Boston & Albany 4s
15.000 Boston & Lowell 4s
110.000 Boston & Maine 4s
30.000 Boston & Maine 4)^s
15.000 B. & N. Y. Air Line 4s
50.000 Cleveland & Pitts. 3L£s
100,t)00 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
25.000 Danbury & Norwalk 5s
65.000 Fitchburg 4s
40.000 Holyoke & Westfield 4Ks
10.000 Illinois Central 3J^s
35.000 Illinois Central 4s
5,000 Me. Cent. & E. & N. A. 4s
25.000 Manchester & Law. 4s*
10.000 Montana Central 6s
25.000 N. Y. C. & H. R. 3J^s
25.000 N. Y „ N. H. & H. 3^s
90.000 N. Y „ N. H. & H. 4st
45.000 No. Maine Seaport 5s
148.000 Old Colony 4s
25.000 St. J. & L. C. 5s
50.000 Wore., Nash. & R. 4s
$453,700
$1,018,000
Street Railway Bonds.
$40,000 Boston Elevated 4s
10.000 Boston Elevated 4)^s
25.000 Boston & Northern 4s
25.000 West End 4J^s
10.000 Wore. Consd. 4L£s*
10.000 Wore. Consd. 5s*
$120,000
Bank Stocks.
Shs.
141 Andover Nl. Bk.
32 Boylston Nl. Bk., Boston
105 First Nl. Bk., Boston
50 Merchants Nl. Bk., Boston
225 Nl. Bk. of the Republic, Boston
6 Nl. Security Bk., Boston
400 Nl. Shawmut Bk., Boston
89 Nl. Union Bk., Boston
129 Old Boston Nl. Bk., Boston
110 Second Nl. Bk., Boston
50 South End Nl. Bk., Boston
118 State Nl. Bk., Boston
25 Tremont Nl. Bk., Boston
172 Webster & Atlas Nl. Bk., Boston
75 Bay State Nl. Bk., Lawrence
D a t e o f E x a m in a t io n , February 19, 20.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
f $40,000 not a legal investment.
REPORT OF THE
[Pub. Doc.
ARLINGTON FIVE CENTS SAVINGS BANK, ARLINGTON.
622 MASSACHUSETTS AVENUE.
Incorporated April 2, 1860.
Number of corporators, 37; number of trustees, 15.
W il l ia m G . P e c k , President.
H e n r y B l a s d a l e , Treasurer.
A r t h u r J. W e l l in g t o n , Clerk o f the Corporation.
C. W . A l l e n , H e n r y B l a s d a l e , E. S. F a r m e r , E. S. F e s s e n d e n , G e o r g e H i l l ,
H e n r y H o r n b l o w e r , M . E. M o o r e , B. A . N o r t o n , J. P . P a r m e n t e r , W . G . P e c k , H. G .
P o r t e r , H . S. S e a r s , A . J. W e l l in g t o n , G . Y . W e l l in g t o n , O. W . W h it t e m o r e .
Board o f Trustees:
B oard o f Investm ent:
E. S. F e s s e n d e n , G e o r g e H il l , W . G . P e c k .
Auditing Comm ittee:
B. A. N o r t o n , J. P. P a r m e n t e r , G. Y . W
e l l in g t o n .
Deposits draw interest from first Saturday of January, April, July and October; dividends are pay
able the first Saturday of January and July. Business hours, 3 t o 5.30 p .m .; also Wednesdays
and Saturdays, 7 to 9 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$676,100
332,000
62,000
6,200
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
00
00
00
00
$1,076,300 00
365 loans on real estate {average o f each, $ 4 ,3 4 8 .2 4 ) •
Less amount due on uncompleted loans .
.
.
.
•
.
. . .
.
$668,283
353,895
62,390
12,059
Book Value.
76
00
00
00
$1,096,627 76
$671,680
328,425
62,000
4,446
00
00
00
34
$1,066,551 34
$1,623,606 52
36,500 00
1,587,106
2,000
100
57,932
7,961
1 loan on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 2 5 ,0 0 0 ; assessed value, $ 2 4 ,8 3 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
52
00
00
96
32
Total A s s e t s .......................................... $2,721,652 14
Liabilities.
Due depositors on 6,921 accounts, averaging $355.11 each
.
.
.
.
.
$2,457,728 75
(Accounts opened during year, 7 0 9 ; closed, 5 2 2 ; increase, 187)
Surplus: —
a. Guaranty fund (4 .9 2 % o f deposits; increase during year, $ 7 ,3 2 3 .0 6 )
b. Profit and loss (increase during year, $ 1 5 ,2 6 1 .8 7 ) .
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
•
•
•
•
Unearned discount
.
.
.
.
.
.
.
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.
.
.
.
.
'.
120,940 72
129,307 67
•
12,684 16
823 28
167 56
.
•
.
.
Total L ia b ilit ie s .......................................... $2,721,652 14
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$3,483.24
$6,253.87
$1,000.00
Cost per $1,000 of assets
1.28
2 .3 0
.37
C ost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $122,863.09.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Expenses.
Total.
$915.16 $11,652.27
.34
4 .2 9
2 .64
No. 8.]
BANK COMMISSIONER.
9
Bates on Investments and Loans (Average on All, 4.81%).
(average rate, 5.09 per cent.): 4%, $19,500; 4% % , $27,500; 5%, $1,224,146.52; 5M%>
$112,150; 5 y 2% , $116,150; 6%, $85,160; 6 y 2% , $1,400; 7%, $1,100.
Personal loans (average rate, 6 per cent.): 6%, $2,000.
B onds, stocks, etc. (average rate on book values, 4.38 per cent.): 3 } 4 % , $52,000; 4%, $743,100; 4J^%,
$10,000; 4 lA % , $69,000; 4M % . S3,400; 5%, $71,000; 6%, $115,600; 7%, $10,000; 8%, $1,200;
18%, $1,000.
Real estate loans
Number of loans not over $3,000 each, 184, amounting to $175,637.11.
43 real estate loans made during year, amounting to $383,150.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 6,982, amounting to
$43,928 83
45,591 82
436,259 74
Number of withdrawals during year, 4,075, amounting to
$525,780 39
353,924 31
Net increase in amount due depositors
$171,856 08
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$15,000 Belfast, Me., 4s
10.000 Beverly 4s
50.000 Boston 4s
11.000 Brockton 4s
20.000 Burlington, Vt., 4s
1.000 Chelsea 4s
10.000 Dayton, 0., 5s
25.000 Fall River 4s
10.000 Fall River 4Mb
11,250 Gloucester 4s
15.000 Indianapolis, Ind., 4s
1.000 Lewiston, Me., 5s
20.000 Los Angeles, Cal., 4b£s
15.000 Lynn 4s
10.000 Melrose 4s
15.000 New Bedford 4s
16.000 New London, Ct., 4s
10.000 Omaha, Neb., 4)^s
6.000 Rochester, N. H., 4s *
10.000 Somersworth, N. H., 4s
10.000 So. Norwalk, Ct., 4s
3.000 Springfield, 0., 4)^s
12.000 Wallingford, Ct., 4s
5.000 Waterbury, Ct., 4s
25.000 Woonsocket, R. I., 4s
3,500 Youngstown, 0., 4)^s
14,500 Amesbury 4s
52.000 Arlington 3p£s
26.000 Arlington 4s
5.000 Attleborough 4s
25.000 Concord 4s
2.000 Cranston, R. I., 4s
$15,000 Gardner 4s
9.000 Lexington 4s
6.000 Longmeadow 4s
13.000 Methuen 4s
13.000 Rockport 4s
2,750 Russell 4s
. 16,000 Westfield 4s
4.000 Winchester 4s
15.000 Augusta, Me. (W.D.j, 4s
Public Funds, Notes.
10.000 Adams 4s
600 Arlington 4s
14.000 Barnstable 4s
12.000 Duxbury 4s
10.000 Hull 4s
1.000 Medfield 4s
2.500 Medfield 4^s
2.500 Randolph 4s
47,400 Revere 4s
5.000 Revere iy&a
5.500 Swansea 4s
7,600 South Hadley (F. D.) 4s
$10,000 Chic. & Northwest. 7s
25.000 C., St. P., Minn. & 0. 6s
35.000 Concord & Montreal 4s
10.000 Fitchburg 4s
25.000 Fre., Elk. & Mo. Yal. 6s
10.000 Mil., L. S. & West. 6s
25.000 Montana Central 6s
25.000 N. Y „ N. H. & H. 4sf
15.000 No. Maine Seaport 5s
30.000 Old Colony 4s
10.000 Penobscot Shore Line 4s
20.000 Pitts., McK. & Yough. 6s
15.000 P., Gt. Falls & Con. 4)^s
20.000 St. J. & L. C. 5s
$332,000
Street Railway Bonds.
$25,000 Lynn & Boston 5s
27.000 West End 4s
10.000 West End 4)^s
$62,000
$676,100
Railroad Bonds.
$27,000 Boston & Maine 4s
15.000 C. B. & Q. 4s
10.000 Chic., Mil. & St. Paul 6s
5,000 Chic. & Northwest. 4s
Bank Stocks.
Shs.
10 First Nl. Bk., Arlington
34 Fourth-Atlantic Nl. Bk., Boston
12 Nl. Union Bk., Boston
6 Dedham Nl. Bk.
33 Nl. Bk. of the Republic, Boston
D a t e op E x a m in a t io n , February 8, 9.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t N ot a legal investment.
10
REPORT OF THE
[Pub. Doc.
ASSABET INSTITUTION FOR SAVINGS, MAYNARD.
M AIN STREET.
Incorporated March 31, 1904.
Number of corporators, 31; number of trustees, 18.
C l a r e n c e J. B o d f is h , President.
A l f r e d T . H a y n e s , Treasurer.
H o w a r d A . W il s o n , Clerk o f the Corporation.
J. R . B e n t , C . J. B o d f is h , W . B . C a s e , B . J. C o u g h l in , O. S. F o w l e r , G. H.
G u t t e r id g e , W . H. G u t t e r id g e , F. H . H a r r im a n , A. G. H a y n e s , F. W . H o it , S. R . K it c h e n ,
J. W . O g d e n , T . F. P a r k e r , C . H. P e r s o n s , F. U. R ic h , F. H. S t e v e n s , L. C . T a y l o r , H. A.
W il s o n .
Board o f Trustees:
Board o f Investm ent: C .
A uditing Com m ittee:
J. B o d f is h , C. H . P e r s o n s , A. G. H a y n e s , S. R . K it c h e n , O. S. F o w l e r .
W . H . G u t t e r id g e , W . B . C a s e , L. H . M
aynard,
J. W . F lo o d , F . W . H o it .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours, 10 a .m . to 1 p .m .; also Fridays, 7 to 8 p .m ., and
Saturdays, 3 to 4 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
55 loans on real estate {average o f each, S I ,04-7.05) .
Less amount due on uncompleted loans .
.
.
$8,500 00
4.000 00
1.000 00
$7,910 00
3,810 00
895 00
$8,241 50
3,861 25
955 00
$13,500 00
$12,615 00
$13,057 75
.
.
Book Value.
.
.
.
.
$59,588 00
2,000 00
57,588
17,140
193
6,981
234
22 loans on personal security
Furniture and fixtures .
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
00
00
00
97
06
Total A s s e t s .......................................... $95,194 78
Liabilities.
$91,709 03
Due depositors on 696 accounts, averaging $131.76 each .
{Accounts opened during year, 2 1 7 ; closed, 1 2 1 ; increase, 96)
Surplus: —
a. Guaranty fund ( 1 % o f deposits; increase during year, $ 1 8 4 )
b. Profit and loss {increase during year, $ 8 1 9 .2 7 )
Current incom e: —
Interest
.
.
. , .
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
922 00
2,525 97
■
$312 62
274 84
-------------
37 78
Total L ia b ilit ie s .......................................... $95,194 78
No. 8.]
BANK COMMISSIONER.
11
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$106.92
$350.00
Cost per $1,000 of assets
1.12
3 .68
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$5.05
.05
.
.
Other Expenses.
$126.50
1.33
.
.
.
Total.
$588.47
6.18
5 .06
Gross income received during the year, $3,414.64.
Rates on Investments and Loans (Average on All, 5.10%).
Real estate loans (average rate, 5.24 per cent.):
Personal loans (average rate, 5.32 per cent.):
5%, $37,188; 5 K % . $15,500; 6%, $6,900.
4 ]/2 % , $2,500; 4 % % , $2,500; 5M % , $4,000; 5J^%,
$3,500; 6%, $4,640.
B onds, stocks, etc. (average rate on book values, 4.12 per cent.): 3 ^ % , $2,500; 4%, $9,000; 4J^%,
$
2 , 000 .
Number of loans not over $3,000 each, 76, amounting to $71,728.
16 real estate loans made during year, amounting to $16,220.
Dividends, Deposits and Withdrawals.
$1,076 10
1,278 18
56,142 87
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 1,090, amounting to
$58,497 15
29,404 17
Number of withdrawals during year, 478, amounting to
$29,092 98
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
$1,000 Boston & Maine 4s
2.000 Boston & Maine 4Ks
500 Bridgton & Saco River 4s
500 Maine Central 4s
1,500 N. Y., N. H. & H. 3^s
1.000 N. Y., N. H. & H. 4s
1.000 Peoria & Northwestern 3^s
1.000 Upper Coos 4s
$8,500
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N ovember 20.
Street Railway Bonds.
$1,000 Boston Elevated 4s
1.000 Boston & Northern 4s
2.000 West End 4s
$4,000
12
REPO RT OF THE
[Pub. Doc.
ATHOL SAVINGS BANK, ATHOL.
384 M AIN STREET.
Incorporated February 12, 1867.
L evi
B.
F a y , President.
W il l ia m
F rank
Board o f Trustees:
C.
F . A m sden ,
L o r d , F . S. P a r m e n t e r , A .
E.
Number of corporators, 45; number of trustees, 13.
J.
G.
A v e r y , Treasurer.
S . P a r m e n t e r , Clerk o f the Corporation.
W . G.
Avery,
G. D.
B a t e s , O . T . B r o o k s , L . B . F a y , L u c ie n
R a y m o n d , H . R . S t o w e l l , P . B . S w if t , A . F . T y l e r , F .
E.
W in g ,
L . W o r r ic k .
Board o f Investm ent:
C.
A uditing Comm ittee:
O. T.
F . A m sden ,
B rooks,
G. D .
F. S.
B a t e s , L . B . F a y , L u c ie n
P arm enter,
A. F.
L o rd , H . R . St o w e ll.
T yler.
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m .
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$151,000
620,000
100,000
42,300
50.000
75.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
00
00
00
00
00
00
$1,038,300 00
$150,127
659,100
102,175
95,420
48,000
67,125
Book Value.
50
00
00
00
00
00
$1,121,947 50
$151,000
617,950
97,275
42,300
50,000
67,003
$1,025,528 13
2,327,307
458,190
25
59,774
2,006
342 loans on real estate (average o f each, $ 6 ,8 0 4 -9 9 ) .
57 loans on personal security
Real estate by foreclosure, etc. ( assessed value, $225 )
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
00
00
00
00
00
13
93
00
00
42
95
. $3,872,832 43
Total Assets
Liabilities.
Due depositors on 8,816 accounts, averaging $398.37 each
.
.
.
.
.
$3,511,997 32
( Accounts opened during year, 1 :2 1 7 ; closed, 9 7 4 ; increase, 2 4 8 )
Surplus: —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 6 ,7 5 0 .8 5 )
.
.
h. Profit and loss (decrease during year, $ 1 3 ,6 0 0 .5 4 ) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$70,513 09
Less current expenses not charged 00
.
.
.
.
.
3,278 79
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
175,181 10
118,419 71
67,234 30
. $3,872,832 43
13
BAN K COMMISSIONER.
No.
Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net). Salaries.
$136.05
$660.00
Amount paid for
$4,786.68
$7,027.54
.03
.17
Cost per $1,000 of assets
1.23
1.81
Cost per $1,000 of assets not including state tax and rent .
Total.
Other Expenses.
$14,815.87
$2,205.60
3.81
.57
2.41
Gross income received during the year, $185,565.82.
Rates on Investments and Loans (Average on All, 4.89% ).
(average rate, 4.90 per cent.): 4J^%, $630,550; 4J^%, $105,500; 5%, $1,473,207.93;
5 ^ % , $10,450; 6%, $107,600.
Personal loans (average rate, 4.99 per cent.); 4}^% , $120,550; 4% % , $110,000; 5%, $118,450; 5M%«
$27,000; 5 lA % , $13,300; 6%, $68,890.
B on d s, stocks, etc. (average rate on book values, 4.83 per cent.): 3}^% , $125,000; 4%, $395,000; 4)^% ,
$139,500; 5%, $76,500; 6%, $242,200; 7%, $20,000; 8%, $31,000; 9%, $5,000; 10%, $4,100.
R eal estate loans
Number of loans not over $3,000 each, 279, amounting to $326,722.93.
39 real estate loans made during year, amounting to $171,600.
Dividends, Deposits and Withdrawals.
$65,861 00
67,403 21
583,456 44
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 7,933, amounting to
Number of withdrawals during year, 6,250, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$716,720 65
594,266 06
$122,454 59
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3J^s
10.000 Boston 4s
14.000 Brockton 4s
10.000 Dubuque, la., 4s
5.000 Grand Rapids, Mich., 4J^s
10.000 Indianapolis, Ind., 4s
25.000 Los Angeles, Cal., 4}^s
25.000 Worcester V /fi
1.000 Athol 4s
5.000 Lenox 4s
Public Funds, Notes.
30,000 Athol 4s
4.500 Athol 4^28
1.500 Greenwich 5s
$151,000
Railroad Bonds.
$5,000 Beech Creek 4s
20.000 Boston & Maine 4)^8
25.000 Chicago & Northwestern 5s
50.000 Chicago, R. I. & Pacific 4s
25.000 Chicago, R. I. & Pacific 6s
25.000 Cleveland & Pitts. 4Jdis
75.000 Fitchburg 4s
20.000 Fitchburg 4Hs
40.000 Illinois Central 3J^s
25.000 Illinois Central 4s
50.000 Louisville & Nashville 6s
25.000 Montana Central 6s
25.000 N. Y., Lack. & West. 6s
50.000 N .Y ..N .H . &H.4s
50.000 N .Y .,N .H .& H .6 st
25.000 No. Maine Seaport 5s
5,000 Northwestern Union 7s
40.000 St. Paul, Minn. & Man. 6s
25.000 St. Paul & North. Pacific 6s
15.000 Troy & Boston 7s
$620,000
D a t e o f E x a m in a t io n , M ay 27, 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
f N ot a legal investment.
Street Railway Bonds.
$35,000 Boston Elevated 4p2S
35.000 Boston & Northern 4s
25.000 Lynn & Boston 5s
5,000 West End 4p£s
$ 100,000
Bank Stocks.
Shs.
41 Millers Riv. Nl. Bk., Athol
10 Eliot Nl. Bk., Boston
22 Nl. Bk. of Commerce, Boston
300 Nl. Shawmut Bk., Boston
50 Springfield S. D. & T. Co.
14
[Pub. Doc.
REPO RT OF THE
ATTLEBOROUGH SAVINGS BANK, NORTH ATTLEBOROUGH.
48
NORTH W ASHINGTON STREET.
Branch Office: No. 1 No. M ain Street, Attleborough.
Incorporated February 2, 1860.
Number of corporators, 82; number of trustees, 16.
A l b e r t T o t t e n , President.
Board o f Trustees:
G.
W.
E . K i n g , Treasurer.
E dw ard
H arry
B . B allou,
D.
H u n t , Clerk o f the Corporation.
G. W . C h e e v e r , A. E. C o d d i n g , A. R . C r o s b y , C . W . F i s h e r ,
D . H u n t , J. F . M a s o n , O . P. R i c h a r d s o n , M . E . R o w e , F . E.
J. E. T w e e d y , G. K . W e b s t e r .
H . H e r r ic k , E . L . H ix o n , H .
Sturdy,
E . A.
Sw e e n e y , A lbert T otten ,
Board o f Investm ent: A
lbert
T otten,
G. W .
P.
C h e e v e r , A . R . C r o s b y , E . L . H ix o n , O .
R ic h a r d s o n ,
M . E . R o w e , F. E . Stu rd y.
Auditing Comm ittee:
O. P.
R ic h a r d s o n ,
J. E.
T w eedy,
A. E.
C o d d in g .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 15 and October 15. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
.
$25,000
265,000
30.000
5,000
10.000
60,000
111,780
00
00
00
00
00
00
00
$506,780 00
Estimated
Market Value.
$25,000
221,500
27,000
7,500
9,600
53,700
69,812
00
00
00
00
00
00
50
$414,112 50
620 loans on real estate (average o f each, $ 3 ,0 8 6 .7 8 ) .
.
.
.
.
.
85 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 0 ,0 0 0 ; assessed value, $ 2 6 ,5 8 0 )
Real estate b y foreclosure, etc. (assessed value, $ 1 0 5 ,0 2 0 ) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
. . .
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$25,000
251,912
27,600
6,250
10,000
54,720
49,081
$424,563 31
1,876,575
865,934
20,000
28,799
1,012
42,026
3,796
.
.
.
.
.
00
00
00
00
00
00
31
94
50
00
33
34
04
13
$3,262,707 59
Total Assets
Liabilities.
$2,935,858 93
Due depositors on 7,571 accounts, averaging $387.78 each
{Accounts opened during year, 9 8 9 ; closed, 9 2 6 ; increase, 63)
Surplus: —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 7 ,2 4 0 )
b. Profit and loss {decrease during year, $ 2 ,2 6 1 .4 5 )
Current income: —
Interest
.
.
.
- .
Less current expenses not charged off
.
.
$1,023 77
Less rent account not charged off
.
.
503 62
146,240 00
152,030 18
$18,105 87
1,527 39
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
16,578 48
12,000 00
.
Total Liabilities
.
. $3,262,707 59
No. 8.]
BANK COMMISSIONER.
15
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,930.49 $5,411.00 $1,209.05 $13.78
$2,186.37 $13,750.69
Cost per $1,000 of assets
1.51
1.66
.37
.67
4.21
Cost per $1,000 of assets not including state tax and rent .
.
.
.
.
.
2.33
Gross income received during the year, $167,603.75.
Rates on Investments and Loans (Average on All, 5.17%).
(average rate, 5.40 per cent.): 4%, $18,000; 4J^%, $36,000; 4)|% , $4,100; 5%,
$929,781.13; 5 ^ % , $184,410; 6%, $704,284.81.
Personal loans (average rate, 5.36 per cent.): 4 J^%, $100,000; 4 % % , $150,000; 4J^%, $18,500; 5%,
$115,949.50; 5J^%, $76,500; 5M%> $150,000; 5Vg%, $25,000; 6%, $229,985.
B onds, stocks, etc. (average rate on book values, 3.79 per cent.): 3%, $60,000; 3J^%, $190,000; 4%,
$162,500; 4 ^ % . $25,000.
Real estate loans
Number of loans not over $3,000 each, 503, amounting to $756,525.94.
90 real estate loans made during year, amounting to $169,840.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 8,301, amounting to
$54,242 12
55,829 12
558,604 48
Number of withdrawals during year, 6,540, amounting to
$668,675 72
557,697 97
$110,977 75
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Sioux City, la., 4Ms
Railroad Bonds.
$25,000 Boston & Albany 3)^s
30,000 Boston & Maine 3J4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000 C., B. & Q. 3Mis
25.000 Fitchburg 4s
60.000 Illinois Central 3s
25.000 Illinois Central 3Ms
50.000 N. Y „ N. H. & H. 3Ms
$265,000
March 4, 5, 6, 7, 8, 9.
Street Railway Bonds.
$30,000 Boston & Northern 4s
Bank Stocks.
Shs.
50 Manuf. Nl. Bk., No. Attleborough
16
REPORT OF THE
[Pub. Doc.
BARRE SAVINGS BANK, BARRE.
Incorporated M ay 1, 1869.
C. H .
Number of corporators, 45; number of trustees, 17.
M . B.
F o l l a n s b y , President.
H a n c o c k , Treasurer.
W . R . S p o o n e r , Clerk o f the Corporation.
B oard o f Trustees: A . F . A
C . A . G leason ,
dam s,
L. M.
C . F . A t w o o d , J. C . B a r t h o l o m e w , G . W . C o o k , C . H . F o l l a n s b y ,
H anfp, G .
N.
H a r w o o d , J.
C . S . R o o t , G . R . S im o n d s , W . R . S p o o n e r , F .
Board o f Investm ent:
C. F.
A tw ood,
J. C.
D.
N.
H il l m a n , H a r d in g J e n k in s ,
G.
F . R ic e ,
S t e v e n s , A . G . W il l ia m s , A . S . W o o d w a r d .
B artholom ew ,
G. W .
C ook,
C. H.
F ollan sby,
G. N.
H arw ood.
A uditing Comm ittee:
J. C.
B a r t h o l o m e w , H a r d in g J e n k in s ,
A. G.
W il l ia m s .
Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a . m . to 12 m .; 1 to 3 p . m .; Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
Estimated
Market Value.
Par Value.
.
.
.
.
.
.
.
$84,200
231,000
26,500
17,850
15,000
$83,343
210,035
26,165
30,940
13,425
00
00
00
00
00
00
00
00
00
00
$363,908 00
$374,550 00
Book Value.
$84,200
224,100
26.500
16,800
13.500
$365,100 00
540,246
24,600
8,100
5,221
32
197 loans on real estate ( average o f each, $ 8 ,7 4 8 .3 6 )
5 loans on personal security
.
Bank building and fixtures ( estimated value, $ 1 0 ,0 0 0 ; assessed value, $ 6 ,8 0 0 )
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
00
00
00
00
00
00
00
00
20
49
Total Assets
$943,299 69
Due depositors on 1,998 accounts, averaging $425.91 each
$850,973 12
Liabilities.
( Accounts opened during year, 1 7 8 ; closed, 1 6 8 ; increase, 11)
Surplus: —
a. Guaranty fund (5 .0 4% o f deposits; increase during year, none)
h. Profit and loss (increase during year, $ 7 ,8 8 2 .6 9 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$849 33
Less State or local taxes not charged off .
.
102 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42,900 00
44,752 96
$5,624 94
951 33
4,673 61
Total Liabilities
.
.
.
.
.
$943,299 69
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18
REPO RT OF THE
[Pub. Doc.
BASS RIVER SAVINGS BANK, SOUTH YARMOUTH.
Incorporated April 15, 1874.
C h arles
G.
B a k e r , President.
H ir a m
M anton
Board o f Trustees: C .
O. L. C row ell,
K elley,
Number of corporators, 40; number of trustees, 18.
G. H.
H.
D.
L o r i n g , Treasurer.
C r o w e l l , Clerk o f the Corporation.
G. B a k e r , C. E. C r o w e l l , H. C. C r o w e l l , J. W . C r o w e l l , M . H. C r o w e l l ,
J. P. E d w a r d s , F. P. G o s s , E . L. J e n k i n s , J. H. J e n k s , J r ., M . F. J o n e s , E . D .
H. D . L o r i n g , C. F. P u r r i n g t o n , D . F. S e a r s , H. H. S e a r s , I. C. S e a r s .
L o r in g ,
Board o f Investm ent: C . G . B
Auditing C om m ittee:
E . L.
a k er
, J.
J e n k in s ,
P.
E d w a r d s , E . L . J e n k in s , G . H . L o r in g , H . H . S e a r s .
C. E.
C r o w e l l , J. H . J e n k s , Jr.
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 9 a . m . to 12 m .; 2 to 4 p . m .; Saturdays, 9 a . m . to 12.30 i\ m .
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$120,000
11,000
5,395
10,000
7,016
$108,772
10,935
6,407
8,950
5,987
00
00
00
00
00
$153,411 00
50
00
00
00
00
$141,051 50
Book Value.
$118,306
11,000
4,130
9,133
4,952
$147,522 00
401,185
73,427
2,760
23,249
1,976
273 loans on real estate (average o f each, $ 1 ,4 6 9 .5 4 ) .
31 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. ( assessed value, $S ,800)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
25
00
00
50
25
00
00
62
67
93
Total Assets
.
.
.
.
.
$650,121 22
Due depositors on 1,719 accounts, averaging $347.60 each
.
.
.
.
.
$597,527 34
.
.
30,450 00
19,499 44
Liabilities.
(Accounts opened during year, 1 6 1 ; closed, 1 4 1 ; increase, SO)
Surplus: —
a. Guaranty fund (5 .1 0 % o f deposits; increase during year, $ 1 ,7 5 0 )
b. Profit and loss (increase during year, $ 7 5 4 .4 8 )
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
$2,869 93
234 06
2,635 87
8 57
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T otal Liabilities .
.
.
.
.
$650,121 22
No. 8.]
BANK COMMISSIONER.
19
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$838.05 $2,365.00
$100.00
$631.56
$3,934.61
Cost per $1,000 of assets
1.29
3 .64
.15
.97
6.05
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
4.61
Gross income received during the year, $32,098.31.
Rates on Investments and Loans (Average on All, 5.10% ).
{average rate, 5.55 per cent.): 5%, $112,663.50; 5)4% . $14,000; 5)4% , $113,695;
6%, $160,037.50; 7%, $789.
Personal loans (average rate, 4.98 per cent.): 4)4% , $10,000; 4)4% , $16,000 ; 4 % % , $5,000; 5%,
$19,000; 5)4% , $6,500; 5)4% , $5,800; 5?4%, $2,500; 6%, $8,627.
Bonds, stocks, etc. (average rate on book values, 3.94 per cent.): 3)4% , $60,000; 4%, $66,000; 4)4% ,
$10,000; 5%, $5,000; 6%, $600; 7%, $3,500; 10%, $1,000.
Real estate loans
Number of loans not over $3,000 each, 246, amounting to $193,555.
26 real estate loans made during year, amounting to $36,710.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
.
.
.
.
.
$11,244 73
Oct., 1 9 1 2 , 2 % ........................................... 11,231 56
Number of deposits during year, 1,113, amounting to
.
.
.
.
.
82,282 03
Number of withdrawals during year, 1,238, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$104,758 32
87,490 07
.
$17,268 25
SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
$11,000 Boston & Maine 4s
5.000 Boston & Maine 4)4s
20.000 C., B. & Q. 3^s
10.000 Fitchburg 3)4s
25.000 Illinois Central 3)4s
4.000 Me. Cent. & E. & N. A. 4s
5.000 N. Y „ N. H. & H. 3)is
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000 N. Y., N. H. & H. 4s
5,000 No. Maine Seaport 5s
20,000 Old Colony 4s
$ 120,000
July 11, 12.
Street Railway Bonds.
$5,000 Boston Elevated 4)4s
6,000 West End 4s
$ 11,000
Bai}k Stocks.
Shs.
11 State Nl. Bk., Boston
37 Tremont Nl. Bk., Boston
24 First Nl. Bk., New Bedford
6 First Nl. Bk., Yarmouthport
20
REPORT OF THE
[Pub. Doc.
BAY STATE SAVINGS BANK, WORCESTER.
476 M AIN STREET.
Incorporated M arch 9, 1895.
W il l ia m
Number of corporators, 75; number of trustees, 21.
H a s t , President,
M c A l e e r , Treasurer,
G eorge
C h a r l e s J . O ’ H a r a , Clerk o f the Corporation.
Board o f Trustees: T
C osgrove,
W il l ia m
hom as
D a n ie l
H a r t , R ic h a r d
W .
il l ia m
B arrett, A lexander
D ro h an , Jam es
H ealy, T homas
M cD e r m o tt, M . F . M cM a h o n ,
Board o f Investm ent: W
T. J.
N.
B arrett,
D ow ney,
N.
H art,
B e l is l e ,
E arly, M .
K enny, M .
B.
F.
Si
G.
B ow en,
F allon,
L a m b , Jam es
T.
M.
H.
F.
H all,
M c D e r m o t t , J.
A.
J. M o o n e y , C . J. O ’H a r a , M . J. O ’M e a r a , J. B . Sim a r d .
M . F.
M . F.
C osgrove,
M cM ah on , T hom as
K enny,
J. A.
M cD e r m o tt.
Auditing Committee: S . G . B
ow en
, J. B . S im a r d , J a m e s M c D e r m o t t .
Deposits draw interest from the first day of March, June, September and Decem ber; dividends are
payable March 15 and September 15. Business hours: 9 a .m . to 3 p . m .; Saturdays, 9 a .m . to
1 p . m ., and for deposits only, 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds, .
.
.
.
Stocks of banks and trust companies,
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
$221,000
368.000
114.000
105
30,000
00
00
00
00
00
$733,105 00
316 loans on real estate {average o f each, $ 3 ,5 2 7 .6 2 ) .
21 loans on personal security
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Estimated
Market Value.
$212,832
332,920
106,960
3
26,850
Book Value.
50
00
00
00
00
$221,073 85
361,800 75
110,665 00
$679,565 50
$721,514 60
27,975 00
1,114,727
19,067
37
15,518
872
r
40
00
50
12
82
Total Assets
$1,871,737 44
Due depositors on 3,827 accounts, averaging $472.42 each
$1,807,952 29
Liabilities.
{Accounts opened during year, 5 9 7 ; closed, 3 7 0 ; increase, 227)
Surplus: —
a. Guaranty fund {1 .9 7 % o f deposits; increase during year, $ 4 ,3 7 0 )
b. Profit and loss {increase during year, $ 4 5 7 .2 1 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
35,588 00
15,036 77
$13,602 32
441 94
-----------------------
13,160 38
.
$1,871,737 44
No.
21
BANK COMMISSIONER.
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising.
Am ount paid for
$2,819.41
$1,000.00
$800.04
$578.29
Cost per $1,000 of assets
1.51
.53
.43
.31
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$460.38
.24
Total.
$5,658.12
3.02
1.08
Gross income received during the year, $78,048.24.
Rates on Investments and Loans (Average on All, 4.52% ).
Beal estate loans (average rate, 4.97 per cent.): 4H%> $92,500; 5%, $1,011,817.40; 6%, $10,410.
Personal loans (average rate, 5.72 per cent.): 5%, $5,367; 6%, $13,700.
B onds, stocks, etc. (average rate on book values, 3.80 per cen t.): 3J^%, $373,000; 4%, $360,000.
Num ber of loans not over $3,000 each, 197, amounting to $353,255.40.
50 real estate loans made during year, amounting to $197,575.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: March, 1912, 2%
.
.
.
.
.
Sept., 1 9 1 2 , 2 % ...........................................
Number of deposits during year, 3,711, amounting to
.
.
.
.
.
Number of withdrawals during year, 2,187, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$31,542 79
33,370 18
386,853 76
$451,766 73
266,450 83
$185,315 90
SCHEDULE OP SECURITIES OWNED.
Public Funds, Bonds.
$100,000 Massachusetts 3 A s
29.000 Boston 3 A s
25.000 Boston 4s
7.000 Dayton, 0., 3 A s
5.000 Everett 4s
4.000 Fitchburg 4s
15.000 Newport, R. I., 3A&
15.000 Quincy 4s
5.000 Waltham 3A&
16.000 Worcester 3A&
$221,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Railroad Bonds.
$80,000 Boston & Albany 4s
10.000 Boston & Lowell 3 A s
10.000 Boston & Lowell 4s
10.000 Boston & Maine 3 A s
10.000 Boston & Maine 4s
80.000 C., B. & Q. 3Ks
5.000 Chicago & Northwestern 4s
5.000 Fitchburg 3J^s
12.000 Fitchburg 4s
36.000 Illinois Central 3A&
45.000 Illinois Central 4s
15.000 N. Y. C. & H. R. 3 A s
25.000 N. Y., N. H. & H. 3^8
M a y 14, 15.
$5,000 Old Colony 4s
20,000 Sioux City & Pacific 3 A s
$368,000
Street Railway Bonds.
$33,000 Boston Elevated 4s
40.000 Boston & Northern 4s
41.000 West End 4s
$114,000
Bank Stocks.
Shs.
' 3 Tremont Nl. Bk., Boston
22
[Pub. Doc.
REPORT OF THE
BELMONT SAVINGS BANK, BELMONT.
10 LEONARD STREET.
Incorporated March 5, 1885.
J.
Number of corporators, 49; number of trustees, 17.
H e n k t F l e t c h e r , President.
W i n t h r o p L . C h e n e r y , Treasurer.
T h o m a s W . D a v i s , Clerk o f the Corporation.
Board o f Trustees: E . F . A
J.
J.
L . E l l is ,
J.
t k in s ,
E . C . B enton,
H . F letch er, H en ry F rost,
E . L ocke, C .
J.
I.
W.
W.
L. C henery, T .
D a v is , F r e d e r ic D o d g e ,
B . F r o st , C . O . H il l , F . H . K e n d a l l ,
I.
H . L ocke,
M c G in n is , C h a n d l e r R o b b in s , H . O . U n d e r w o o d , C . W . W in n .
Board o f Investm ent:
J. H.
F l e t c h e r , F r e d e r ic D o d g e ,
A uditing Comm ittee:
J. E .
L ocke,
C. O.
H il l ,
C. J.
F, H.
I. H.
K endall,
L ocke,
C. W .
W in n .
M cG in n is .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third Wednesday of January and July. Business hours: 3.30 to 5.30 P .M .; also
Wednesdays, 7 to 8 f . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
$62,500
152,000
45,000
600
00
00
00
00
$62,323
142,512
43,167
1,410
$260,100 00
136 loans on real estate (average o f each, $ 2 ,2 1 2 .4 6 ) .
14
loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 9 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
.
Due depositors on 2,107 accounts, averaging $267.63 each
.
00
25
50
46
$258,126 21
.
.
.
.
.
.
.
.
.
.
300,895
24,100
471
418
6,376
956
.
.
$591,343 41
.
.
.
.
$62,500
150,636
44,277
712
.
.
.
.
.
$249,413 12
.
.
.
12
50
50
00
Book Value.
.
.
.
.
.
00
00
20
04
67
29
Liabilities.
.
.
.
.
$563,897 55
{Accounts opened during year, 2 8 2 ; closed, 1 3 5 ; increase, 147)
Surplus: —
а. Guaranty fund {3 .1 6 % o f deposits; increase during year, $ 1 ,5 5 0 )
б. Profit and loss {decrease during year, $ 2 1 9 .8 9 )
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
School savings stamps account
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
Total Liabilities
.
.
.
17,850 00
2,724 64
.
$7,082 13
442 28
6,639 85
231 37
.
.
.
.
.
$591,343 41
No. 8.]
23
BANK COMMISSIONER.
»
Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
Amount paid for
$1,116.32
$1,250.00
$300.00
$68.16
Cost per $1,000 of assets
1.89
2.11
.51
.12
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$426.51
$3,160.99
.72
5.35
2 .95
Gross income received during the year, $26,123.95.
Rates on Investments and Loans (Average on All, 4.67% ).
Real estate loans (average rate 5.17 per cent.): 5%, $213,150; 5J£%, $72,545; 6%, $15,200.
Personal loans (average rate, 5.25 per cent.): 5%, $15,500; 5J^%, $5,000; 6%, $3,600.
B onds, stocks, etc. (average rate on book values, 4.03 per cen t.): 3J^%, $20,000; 4% , $221,500;
4J^%,
$18,000; 8%, $600.
Number of loans not over $3,000 each, 107, amounting to $139,195.
15 real estate loans made during year, amounting to $34,300.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 2,505, amounting to
.
.
Number of withdrawals during year, 1,122, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
...........................................
.
.
.
.
.
.
.
.
.
.
.
.
$10,070 42
10,490 66
114,865 82
.
$135,426 90
95,769 04
.
$39,657 86
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$3,000 Beverly 4s
5.000 Boston 4s
2.000 Brockton 4s
5.000 Chicago, 111., 4s
3.000 Melrose 4s
10,000 New Bedford 4s
29,500 Belmont 4s
2.000 Peabody 4s
Public Funds, Notes.
3.000 Belmont 4J^jS
$62,500
Railroad Bonds.
$5,000 Boston & Albany 3J^s
15.000 Boston & Albany 4s
28.000 Boston & Maine 4s
3.000 Boston & Maine 4J^s
5.000 C„ B. & Q. 4s
15.000 Chicago & Northwestern 4s
8.000 Fitchburg 4s
2.000 Fitchburg 4J^s
5.000 Illinois Central 3Ks
8.000 Illinois Central 4s
3.000 Me. Cent. & E. & N. Am. 4s
10.000 N. Y „ N. H. & H. 3)^s
35.000 N. Y., N. H. & H. 4s|
10.000 Old Colony 4s
Street Railway Bonds.
$13,000 Boston Elevated 4s
7.000 Boston Elevated 4)^s
5.000 Boston & Northern 4s
5.000 Springfield 4s
12,000 West End 4s
3.000 Wore. Consd. 4J^s*
$45,000
Bank Stocks.
Shs.
6 Nl. Shawmut Bk., Boston
$152,000
D ate
op
E x a m in a t io n ,
February 16.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $10,000 not a legal investment.
24
REPORT OF THE
[Pub. Doc,
BENJAMIN FRANKLIN SAVINGS BANK, FRANKLIN.
9
Incorporated February 20, 1871.
E l is h a
P.
C h a p m a n , President.
A lbert
Board o f Trustees:
J.
DEAN AVENUE.
Number of corporators, 40; number of trustees, 19.
C harles
C . M a s o n , Clerk o f the Corporation.
E . C arpen ter, E . P. C hapm an,
F.
L.
S t e w a r t , Treasurer.
P . C h a p m a n , A . B . C h il s o n , J. O . C h il s o n ,
O . T . D o e , A l f r e d F a r r in g t o n , W . M . F is h e r , A . J . G a l l is o n , G . H . G r a n t , H . T . H a y w a r d ,
H . W . H o s ie , A . C . M a s o n , C .
J.
M u r p h y , A . W . P e ir c e , C .
L.
Stew a r t,
L.
W . Sto ll, A . D .
T hayer, E. F. W are.
Board o f Investm ent: E . P . C
A uditing Committee:
O. T .
hapm an
D oe,
, O . T . D o e , W. M . F is h e r , H .
T hayer.
J. E .
C arpenter,
A. W .
W.
H o s ie , C . J. M u r p h y , A . D .
P e ir c e ,
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a . m . to 12 m . ; 1 to 4 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
$23,300
194,000
5,000
8,900
10,000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Estimated
Market Value.
$23,512
183,135
5,025
9,857
8,950
00
00
00
00
00
$241,200 00
146 loans on real estate (.average o f each) $ 2 ,0 0 6 .2 5
Less amount due on uncompleted loans .
50
00
00
25
00
$230,479 75
$296,150 00
3,237 57
-------------------
.
39 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
Real estate b y foreclosure, etc. (assessed value, $ 6 ,8 4 5 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Book Value.
$23,300
199,696
5,000
9,090
8,775
00
00
00
00
00
$245,861 00
292,912
161,574
3,287
5,129
14,992
784
43
00
87
37
24
84
Total A s s e t s ...........................................$724,541 75
Liabilities.
Due depositors on 2,749 accounts, averaging $248.01 each
.
.
.
.
.
$681,781 50
(Accounts opened during year, 3 8 5 ; closed, 3 0 2 ; increase 83)
Surplus: —
a. Guaranty fund (3 .1 3 % o f deposits; increase during year, $ 1 ,6 3 8 .7 5 ) .
h. Profit and loss (increase during year, $ 2 ,2 0 3 .6 9 )
.
.
.
.
.
.
Current income: —
а. Interest
.
.
.
.
.
.
.
$7,705 83
б. Rent
.
.
.
.
.
.
.
150 00
----------------------$7,855 83
Less current expenses not charged off
.
.
.
.
.
1,070 78
6,785 05
5,537 11
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
21,322 33
9,115 76
Total Liabilities .
.
.
.
.
$724,541 75
25
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,793.65
$2,020.00
$240 00
$96.30
Cost per $1,000 of assets
2.47
2.79
.33
.13
Cost per $1,000 of assets not including State tax and rent .
.
.
.
Other Expenses.
$716.87
.99
.
.
Total.
$4,866.82
6.71
3.91
Gross income received during the year, $32,457.02.
Rates on Investments and Loans (Average on All, 4.72% ).
(average rate, 5.29 per cent.): 4)4% , $22,000; 5%, $170,000; 5)4% , $7,900; 6%,
$93,012.43.
(average rate, 4.57 per cent.): 4%, $20,000; 4)4% , $55,000; 4)4% , $34,000; 4)4% , $10,000;
5%, $22,880; 5)4% , $16,250; 6%, $3,444.
Bonds, stocks, etc. (average rate on book values, 4.13 per cent.): 3%, $5,000; 3)4% , $43,000; 4%,
$93,300; 4)4% , $55,000; 5%, $36,840; 6%, $7,500.
Real estate loans
Personal loans
Number of loans not over $3,000 each, 152, amounting to $173,836.43.
28 real estate loans made during year, amounting to $47,100.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 1)4%
.
.
.
.
.
July, 1912, 1 ) 4 % ..........................................
Number of deposits during year, 3,020, amounting to
.
.
.
.
.
Number of withdrawals during year, 2,048, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$10,459 00
10,836 33
156,253 03
$177,548 36
132,805 87
.
$44,742 49
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Brockton 4s
5.000 Franklin 4s
5.000 Wrentham 4s
Public Funds, Notes.
3,300 Franklin 4s
$23,300
Railroad Bonds.
$1,000 Bangor & Aroostook 5s
10,000 Bennington & Rut. 4)4s*
D ate
op
E x a m in a t io n ,
$10,000 Boston & Albany 3)4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
10.000 Boston, R. B. & L. 4)4s
25.000 C., B. & Q. 5s
20.000 Fitchburg 4s
5.000 Illinois Central 3s
8.000 Illinois Central 3)4s
20.000 Illinois Central 4s
5.000 Michigan Central 3)4s
10.000 N. Y „ N. H. & H. 3)4»
10.000 N. Y., N. H. & H. 4sf
10.000 No. Maine Seaport 5s
5.000 Sioux City & Pacific 3)4s
$194,000
Street Railway Bonds.
$5,000 Boston Elevated 4)4s
Bank Stocks.
Shs.
5 Continental Nl. Bk., Boston
16 Tremont Nl. Bk., Boston
75 Franklin Nl. Bk.
12 Nl. Bk. of Wrentham
January 25.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 Upper Coos 4)4s
5,000 Washington County 3)4s
t N ot a legal investment.
26
REPO RT OF THE
[Pub. Doc.
BERKSHIRE COUNTY SAVINGS BANK, PITTSFIELD.*
22
Incorporated February 2, 1846.
A rthur
NORTH STREET.
Number of corporators, 53; number of trustees, 22.
H . R i c e , President.
Board o f Trustees:
W . L.
A dam , A .
B a r k e r , Clerk o f the Corporation.
H.
B agg, G .
W.
B a il e y , R . B . B a r d w e l l , J o h n B a r k e r , D a v id
I.
C a m p b e l l , M ic h a e l C a s e y , F . G . C r a n e , F . W . D u t t o n , C . K . F e r r y ,
F r a n c is , C . C . G a m w e l l , W .
A.
H.
R ic e , W .
H.
Board o f Investm ent: W .
L . A d a m , Treasurer.
W il l ia m
John
F.
H a w k in s , C . L . H ib b a r d ,
E.
A.
D . F errey, H .
A . Jon es, A lex an d er K e n n e d y ,
S l o a n , L . A . S t e v e n s , J. M . S t e v e n s o n , F r a n k l in W e s t o n .
L.
A dam , A . H . B agg, F . W . D utton, C . K . F er r y , A lexander K ennedy,
L.
A uditing Comm ittee: A . H . B
agg
A . Steven s.
, G . W . B a il e y , C . L . H ib b a r d .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . ; 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Estimated
Market Value.
Par Value.
$116,400
861,000
479,000
410,700
50,000
00
00
00
00
00
$1,917,100 00
$115,000
813,970
450,500
929,138
44,750
00
00
00
00
00
$2,353,358 00
1,290 loans on real estate (average o f each, $ 3 ,6 8 3 )
.
.
.
.
.
.
42
loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 44<000 ; assessed value, $ 1 2 8 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$116,400
855,675
477,500
641,700
45,546
00
00
00
00
50
$2,136,821 50
4,751,075
231,150
144,000
45,108
8,424
00
00
00
18
19
Total A s s e t s .......................................... $7,316,578 87
Liabilities.
Due depositors on 18,330 accounts, averaging $376.26 each
.
.
.
.
.
$6,896,897 45
.
.
340,000 00
37,798 50
{Accounts opened during year, 3 ,1 6 4 ; closed, 2 ,4 6 6 ; increase, 6 8 8 )
Surplus: —
a. Guaranty fund {4 .9 3 % o f deposits; increase during year, $ 2 0 ,0 0 0 )
b. Profit and loss {increase during year, $ 3 , 3 7 4 - 4 .
.
.
.
Current incom e: —
a. Interest .
. . .
.
.
.
.
$47,266 46
b. Rent
.
.
.
.
.
.
.
835 76
----------------------Less current expenses not charged off
.
.
.
.
$48,102 22
6,254 30
41,847 92
35 00
Suspense account
Total Liabilities
.
.
.
.
* See page 392 for statement of Life Insurance Department.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$7,316,578 87
27
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$6,592.59
$13,829.64
$2,750.00 $29.20
Cost per $1,000 of assets
.90
1.89
.38
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$2,137.01
$25,338.44
.29
3.46
2.18
Gross income received during the year, $333,568.45.
Rates on Investments and Loans (Average on All, 4.79% ).
Real estate loans (average rate, 4.89 per cent.): 4 Mi%, $1,069,500; 5%, $3,677,575;
Personal loans (average rate, 5.02 per cent.): 5%, $226,150; 6%, $5,000.
Bonds, stocks, etc. (average rate on book values, 4.57 per cent.): 3 14% , $434,000; 4%,
6%, $4,000.
$550,700; 4.14% ,
$23,000; 5%, $459,900; 6%, $103,000; 7%, $83,600; 8%, $161,800; 10%, $65,600; 12%, $20,000;
14%, $5,500; 16%, $10,000.
Number of loans not over $3,000 each, 969, amounting to $1,510,225.
275 real estate loans made during year, amounting to $1,128,700.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July. 1912, 2%
Number of deposits during year, 25,191, amounting to
.
$124,199 81
128,740 48
1,405,667 48
$1,658,607 77
1,261,745 47
Number of withdrawals during year, 15,594, amounting to
$396,862 30
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
$19,000 Louis. & Nashville 6s
242.000 N. Y., N. H. & H. 3^s
300.000 No. Maine Seaport 5s
Public Funds, Bonds.
$42,000 Gt. Barrington 3}4s
$861,000
Public Funds, Notes.
3.000 Pittsfield 4J^s
700 Peru 4s
700 Peru 5s
45.000 Dalton (F. D.) 4s
5.000 Gt. Barrington (F. D.) 4s
20.000 Gt. Barrington (F. D.) 4)^s
$479,000
$116,400
Railroad Bonds.
$100,000 Bangor & Aroostook 5s
25.000 Chic. & Northw. 3)^s
50.000 Fre., Elk. & Mo. Val. 6s
125,000 Illinois Central 3}4s
D ate
Street Railway Bonds.
$150,000 Hoosac Valley 4s*
29,000 Hoosac Valley 5s*
300,000 Pittsfield 4s*
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank Stocks.
Shs.
55 Greylock Nl. Bk., Adams
143 Eliot Nl. Bk., Boston
200 First Nl. Bk., Boston
July 22, 23, 24, 25, 26, 30.
* Legal investments when made.
Shs.
67 Fourth-Atlantic Nl. Bk., Boston
300 Merchants Nl. Bk., Boston
140 Nl. Bk. of Commerce, Boston
100 Nl. Bk. of the Republic, Boston
500 Nl. Shawmut Bk., Boston
202 Old Boston Nl. Bk., Boston
120 Old Colony Tr. Co., Boston
231 Second Nl. Bk., Boston
246 State Nl. Bk., Boston
100 Webster & Atlas Nl. Bk., Boston
24 Hadley Falls Nl. Bk., Holyoke
100 Lee Nl. Bk.
100 North Adams Nl. Bk.
100 Agricultural Nl. Bk., Pittsfield
200 Berkshire L. & T. Co., Pittsfield
199 Pittsfield Nl. Bank
306 Third Nl. Bk., Pittsfield
100 Chapin Nl. Bk., Springfield
137 Chicopee Nl. Bk., Springfield
300 Springfield Nl. Bank
5 Housatonic Nl. Bk., Stockbridge
232 Merchants Nl. Bk., Worcester
28
REPORT OF THE
[Pub. Doc.
BEVERLY SAVINGS BANK, BEVERLY.
171 CABOT STREET.
Incorporated February 23, 1867.
R oland
Number of corporators, 65; number of trustees, 24.
W . B o y d e n , President.
C hables
A rthub
Board o f Trustees:
J.
H. Baker,
H . K i l h a m , Treasurer.
A . F o r n e s s , Clerk o f the Corporation.
R . W . B o y d e n , G e o r g e B u t m a n , S a m u e l C o l e , T. D . C o n n o l l y ,
A. A. F o r n e s s , E d m u n d G i l e s , J. H . G i r d l e r , F . P . H a s k e l l ,
H . E . D u r g in , R . R . E n d ic o t t ,
J.
F . H il l , P . J. L y n c h ,
J.
M . M u r n e y , F r a n c is N o r w o o d , C . E . O b e r , P r in c e O b e r , C . L .
O d e l l , R o b e r t R o b e r t s o n , G . L . S o u t h w ic k ,
bu ry
, H.
W.
J. A.
W a l l is , F r a n k W o o d b e r r y , H . P . W o o d
W oodberry.
Board o f Investm ent: R .
A uditing Comm ittee:
W.
C. E.
B oyden,
Obee,
C. L.
J.
H . B ak er, G eorge
O dell,
T. D.
B utm an, P .
J.
L y n c h , P r in c e
C o n n olly, R obert R o bertson ,
A. A .
Ober.
F orn ess.
Deposits draw interest from fourth W ednesday of January, April, July and October; dividends are
payable fourth W ednesday of April and October. Business hours: 8.30 a . m . to 1.30 p . m . ; also
Saturdays, 7.30 to 9 p . m ., for deposits only.
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$72,000
449.000
123.000
141,250
73,000
44,485
00
00
00
00
00
00
$902,735 00
751 loans on real estate (average o f each, $ 2 ,6 6 5 .4 4 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
Estimated
Market Value.
$71,630
392,937
120,345
341,421
65,335
35,259
Book Value.
00
50
00
00
00
00
$1,026,927 50
$73,565
396,217
121,698
233,174
64,160
22,958
18
50
70
39
00
88
$911,774 65
$2,001,949 65
200 00
2,001,749
682,207
60,000
20,256
9,154
1,627
32 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 7 6 ,0 0 0 ; assessed value, $ 5 2 ,7 6 0 )
Real estate by foreclosure, etc. ( assessed value, $ 2 5 ,4 0 0 ) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
65
09
00
25
52
45
. $3,686,769 61
Liabilities.
Due depositors on 10,512 accounts, averaging $332.41 each
.
.
.
.
.
$3,494,278 63
(Accounts opened during year, 1 ,6 1 2 ; closed, 1 ,2 3 7 ; increase, 375)
Surplus: —
a. Guaranty fund (4 .9 7 % o f deposits; increase during year, $ 6 ,7 5 6 .4 4 )
.
.
b. Profit and loss (decrease during year, $ 4 ,8 2 4 -3 9 )
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$3,507 06
Less current expenses not charged off
.
.
.
.
323 06
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
173,761 77
15,545 21
3,184 00
. $3,686,769 61
29
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$5,513.09
$6,253.68 $1,500.00
$135.08
$1,957.16 $15,359.01
Cost per $1,000 of assets
1.49
1.70
.41
.04
.53
4.17
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.27
Gross income received during the year, $164,459.72.
Rates on Investments and Loans (Average on All, 4.74% ).
(average rate, 4.97 per cent.): 4J^%, $221,750; 4 £i% , $50,000; 5%, $1,656,517.18;
5 ^ % , $28,678.47; 6%, $44,804.
Personal loans (average rate, 4.43 per cent.): 4%, $25,000; 4)ds%, $50,000; 4J^%, $100,000; 4J^%,
$135,000; 4J^%, $198,000; 4M % . $60,000; 5%, $48,707.09; 5J^%, $25,000; 6%, $25,500.
Bonds, stocks, etc. (average rate on book values, 4.46 per cent.): 3%, $75,000; 3J^%, $204,000;
4%, $357,450; 4 ^ % , $50,000; 5%, $65,000; 6%, $11,800; 7%, $33,200; 8%, $57,500; 10%,
$16,200; 12%, $16,500; 600%, $35.
Real estate loans
Number of loans not over $3,000 each, 683, amounting to $950,285.31.
65 real estate loans made during year, amounting to $156,350.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 12,896, amounting to
.
$63,678 12
65,362 27
657,714 13
.
$786,754 52
644,230 86
Number of withdrawals during year, 8,886, amounting to
$142,523 66
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3}^s
22.000 Chelsea 4s
25.000 Augusta, Me. (W. Dist.), 4s
$25,000 Michigan Central 3y>s
75.000 N. Y., N. H. & H. 4s
13.000 Upper Coos 4s
$449,000
$72,000
Railroad Bonds.
$25,000 Boston & Maine 4s
25.000 Boston & Maine 4)^s
75.000 G , B. & Q. 3V2s
35.000 C„ B. & Q. 4s
22.000 C„ B. & Q. 5s
75.000 Illinois Central 3s
79.000 Illinois Central 3J^s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$25,000 Boston Elevated 4s
25.000 Boston Elevated 4)^s
30.000 Boston & Northern 4s
30.000 Lynn & Boston 5s
13.000 Western Massachusetts 5s
$123,000
M ay 20, 21.
Bank Stocks.
Shs.
332 Beverly Nl. Bank
165 First Nl. Bk., Boston
100 Nl. Bk. of Commerce, Boston
575 Nl. Shawmut Bk., Boston
162 Old Colony Tr. Co., Boston
25 Tremont Nl. Bk., Boston
18 Nl. Grand Bk., Marblehead
71 First Nl. Bk., Salem
87 Nl. Exchange Bk., Salem
30
[Pub. Doc.
REPO RT OF THE
BLACKSTONE SAVINGS BANK, BOSTON.
24
W ASHINGTON STREET.
Incorporated April 23, 1901.
Lotus A .
Number of corporators, 35; number of trustees, 21.
F r o t h i n g h a m , President.
Board o f Trustees:
F.
W.
A llen,
A rthur
E.
R o b e r t s , Treasurer.
F . T u r n e r , Clerk o f the Corporation.
John
E. S.
B a r k e r , A . F . B e m is ,
E.
A . C a r l is l e ,
W . E.
C lark, E .
N.
E a m e s , A . W . F l in t , L . A . F r o t h in g h a m , E . E . G r a t , R o b e r t H o m a n s , H . B . H o w a r d , T . F .
L e e n , C h a r l e s L o g u e , D . A . L o u r ie , J o h n O ’H a r e , A . E . R o b e r t s , H . H . Sa v a g e , J. F . T u r n e r ,
J. E . W e l c h , C . A . W il c o x , B .
Board o f Investm ent: L .
A.
S.
W il e y .
F r o t h in g h a m ,
A.
F . B e m is ,
J.
Auditing Committee:
E . N.
E am es,
E . E.
E.
Gray,
E. A.
C a r l is l e , J o h n O ’H a r e , H . H . S a v a g e ,
W elch.
J. F.
T urner.
Deposits draw interest from third Saturday of January, April, July and October; dividends are pay
able M onday following third Saturday of April and October. Business hours: 9 a . m . to 1.15 p . m . ;
also on Saturdays 5 to 7 p . m ., for deposits only, except during July and August.
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Street railway bonds .
.
.
American Tel. & Tel. Co. bonds .
Par Value.
.
.
.
.
.
.
.
.
$30,000
99.000
28.000
20,000
.
.
.
.
243 loans on real estate (average o f each, $ 2 ,6 5 3 .8 1 ) .
Less amount due on uncompleted loans .
.
.
15 loans on personal security
.
.
.
Furniture and fixtures .
.
.
.
.
.
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
00
00
00
00
Estimated
Market Value.
$29,497
90,005
28,230
17,900
50
00
00
00
$177,000 00
$165,632 50
.
$645,010 00
280 00
Book Value.
$29,368
93,531
28,000
18,826
$169,726 74
644,730
99,000
1,450
3,516
26,210
1,091
.
.
.
.
75
74
00
25*
00
00
00
13
21
62
$945,724 70
Total Assets
Liabilities.
$932,632 96
Due depositors on 2,129 accounts, averaging $438.06 each
{Accounts opened during year, 5 6 4 ; closed, 2 7 4 ; increase, 2 9 0 )
Surplus: —
a. Guaranty fund {1 % o f deposits; increase during year, $ 2 ,2 7 0 )
b. Profit and loss ( increase during year, $6 8 7 .4 8 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
9,399 78
3,552 42
$168 54
29 00
139 54
T otal Liabilities .
* This amount is in excess of the legal limit and the bank was so notified.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$945,724 70
No. 8.]
BANK COMMISSIONER.
31
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
.
. $1,058.81 $2,350.00 $1,200 00
$176.69
$1,187.82
$5,973 32
Cost per $1,000 of assets .
1.12
2 .4 3
1.27
.19
1.26
6.27
Cost per $1,000 of assets n ot including State tax and rent .
.
.
.
.
.
3.88
Gross income received during the year, $41,747.52.
Rates on Investments and Loans (Average on All, 5.12% ).
Real estate loans
(average rate, 5.42 per cent.): 5%, $134,020; 5)4% , $2,700; 5)4% , $466,100; 6%,
$42,190.
(average rate, 4.94 per cent.); 4)4% , $8,000; 4)4%, $10,000 ; 4)4% , $17,500; 4)4% ,
$10,000; 5%, $11,500; 5)4% , $18,000; 5)4% , $20,000; 5)4% , $4,000.
(average rate on book values, 4.10 per cent.): 3)4% , $62,000; 3)4% , $4,000; 4%,
$63,000; 4)4% , $27,000; 5%, $21,000.
Personal loans
B o n d s , stocks, etc.
Number of loans not over $3,000 each, 175, amounting to $366,390.
67 real estate loans made during year, amounting to $158,680.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 3,299, amounting to
$14,843 45
16,675 92
314,994 29
Number of withdrawals during year, 1,492, amounting to
$346,513 66
175,215 30
Net increase in amount due depositors
$171,298 36
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Boston 3)4s
5.000 Brockton 4s
4.000 Somersworth, N. H., 4s
3.000 Danvers 4s
4.000 East Longmeadow 3)4s
4.000 Winthrop 4s
5.000 Kennebec,Me. (W. Dist.),3)4s
Railroad Bonds.
$19,000 Baltimore & Ohio 3)4s
5.000 Bangor & Aroostook 5s
12.000 Boston & Maine 4s
5.000 Boston & Maine 4)4s
2.000 C., B. & Q. 3)4s
10.000 C., B. & Q. 4s
5.000 Fitchburg 4s
3.000 Illinois Central 3)4s
$99,000
Street Railway Bonds.
$22,000 Boston Elevated 4)4s
6,000 Springfield & Eastern 5s
$28,000
$30,000
D ate
$28,000 N. Y., N. H. & H. 3)4s
10,000 No. Maine Seaport 5s
oe
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
January 26, 27.
/
32
[Pub. Doc.
REPORT OF THE
BOSTON FIVE CENTS SAVINGS BANK, BOSTON.
32-38 SCHOOL STREET.
Incorporated April 7, 1854.
W il m o t
R.
E v a n s , President.
J oseph
H.
Number of corporators, 48; number of trustees, 23.
Jo seph
C a n n e l l , Clerk o f the Corporation.
C.
H o l m e s , Treasurer.
a t t , E. W . B u r d e t t , J. H . C a n n e l l , S a m u e l C a r r , A. B . C h a p i n ,
D a v e n p o r t , W . R . E v a n s , W . R . E v a n s , Jr., R . F. H e r r i c k , J. C . H o l m e s , F r a n k
H o p e w e l l , D . W . K i n g , J. D . L o n g , A. M . L y o n , F . A. M e r r i l l , F . C . M c D u f f i e ,
E. A. M c L a u g h l i n , F. W . R e m i c k , S u m n e r R o b i n s o n , N. J. R u s t , G. E . S m i t h , P h i l i p
St o c k t o n , W. F . W h it t e m o r e .
Board o f T rustees: C . R . B
F. A.
Board o f Investm ent:
C. R .
Auditing Comm ittee:
J. H.
B att,
W . R . E v a n s , R . F. H
N . J. R u s t , P h i l i p
Cannell,
R . F.
H e r r ic k ,
, F.
Stockton .
e r r ic k
A. M .
C.
M c D u f f ie , S u m n e r R o b in s o n ,
L yon.
Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable second W ednesday of April and October. Business hours: 9 a . m . to 2 p . m . ; also Saturdays,
for deposits only, 3 to 5 and 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
$7,937,612
4,569,000
685.000
423,200
400.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
00
00
00
00
00
$14,014,812 00
Estimated
Market Value.
$8,031,383
4,543,847
668,587
1,102,905
358,000
Book Value.
18
50
50
00
00
$7,937,612
4,569,000
685.000
423,200
359.000
00
00
00
00
00
$14,704,723 18 $13,973,812 00
20,805,920
11,711,901
195,000
19,031
989,217
40,245
961 loans on real estate (average o f each, $ 2 1 ,6 5 0 .2 8 )
.
.
.
.
188 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 3 5 0 ,0 0 0 ; assessed value, $ 4 3 0 ,0 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 2 6 ,0 0 0 ) .
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.
.
.
00
00
00
02
88
91
. $47,735,127 81
Total Assets
Liabilities.
. $44,345,920 37
Due depositors on 194,990 accounts, averaging $227.42 each
(.Accounts opened during year, 2 1 ,7 6 9 ; closed, 1 8 ,6 9 5 ; increase, 3 ,0 7 Jf)
Surplus; —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 1 1 2 ,6 7 5 .3 4 )
h. Profit and loss (decrease during year, $ 7 7 ,8 4 8 .8 6 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$1,660 13
445 47
---------------
Less current expenses not charged off
Less real estate, rent and expenses .
2,210,317 39
1,116,641 34
$64,354 31
2,105 60
-----------------------
62,248 71
Total L ia b ilitie s .......................................... $47,735,127 81
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$88,511.47 $83,571.25 $11,000.00
$16,534.48 $199,617.20
Cost per $1,000 of assets
1.85
1.75
.23
.35
4 .1 8
Cost of $1,000 of assets not including State tax and rent
.
.
.
»
.
.
2 .10
Gross income received during the year, $1,906,174.10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER
No. 8.]
33
Rates on Investments and Loans (Average on All, 4.28% ).
(average rate 4.23 per cent.): 3 Y<i%, $150,000; 3% % . $950,000; 4%, $8,935,125; 4 ) 4 % ,
$124,000; 4M % , $4,623,000; 4 ^ % , $3,892,275; 4 % % , $254,700; 45^%, $4,750; 5%, $1,815,500;
o ) i % , $15,400; 5J4%, $34,150; 6%, $7,020.
Personal loans (average rate, 4.46 per cent): 4%, $2,250,000; 4 % % , $635,000; 4 ) 4 % , $3,188,500;
4J^%, $322,000; 4 % % , $2,319,000; 4 ) 4 % , $70,000; 5%, $1,090,500; 5 }4 % , $1,561,900; 5 ^ % , $50,000;
5 )4 % , $225,000.
Bonds, stocks, etc. (average rate on book values, 4,19 per cent): 2)4%, $350,000; 3 ) 4 % , $50,000; 3 )4 % ,
$509,000; 3.55%, $45,000; 3 % % , $15,000; 3 ^ % , $47,200; 4%, $10,916,212; 4 ^ % , $1,072,200;
5%, $425,000; 6%, $206,800; 7%, $47,800; 8%, $195,000; 10%, $59,100; 12%, $76,500.
R eal estate loans
Number of loans not over $3,000 each, 443, amounting to $818,290.59.
106 real estate loans made during year, amounting to $2,527,950.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 1 )4%
Number of deposits during year, 252,892, amounting to .
.
$793,774 09
712,158 62
11,147,821 07
Number of withdrawals during year, 170,747, amounting to
.
$12,653,753 78
10(434,783 71
.
$2,218,970 07
Net increase in amount due depositors
.
.
.
.
.
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Massachusetts 2)4a
350.000 Massachusetts 3)4 b
1,515,000 Boston 4s
221.000 Brockton 4s
320.000 Cambridge 4s
75.000 Chelsea 4s
509.000 Chicago, 111., 4s
9.000 Everett 4s
300.000 Fall River 4s
59.000 Fall River 4)4s
105.000 Gloucester 4s
155.000 Haverhill 4s
45,500 Holyoke 4s
248.000 Indianapolis, Ind., 4s
250.000 Kansas City, Mo., 4s
100.000 Kansas City, Mo., 4)4s
150.000 Lawrence 4s
154,100 Lowell 4s
35.000 Lynn 4s
24.000 Malden 4s
30.000 Marlborough 4s
45.000 Melrose 4s
299.000 Milwaukee, Wis., 4s
2.000 Milwaukee, Wis., 5s
100.000 New Bedford 4s
10.000 Newburyport 4s
236.000 Pittsfield 4s
125.000 Providence, R. I., 4s
13.000 Quincy 4s
70.000 Salem 4s
63.000 Somerville 4s
430.000 Springfield 4s
48.000 Taunton 4s
100.000 Waterbury, Ct., 4s
52.000 Woburn 4s
150.000 Worcester 4s
40.000 Adams 4s
29.000 Athol 4s
30.000 Attleborough 4s
14.000 Bourne 4s
32.000 Framingham 4s
12.000 Franklin 4s
49.000 Marion 4)4s
44.000 Milford 4s
29.000 No. Andover 4s
31.000 Pepperell 4s
D ate
of
E x a m in a t io n :
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 Reading 4s
17.000 Revere 4s
51.000 Rockland 4s
5,000 Spencer 4s
12,500 Watertown 4s
89,815 Winthrop 4s
24.000 No. Andover (F. D.) 4s
35.000 No. Easton (Vil. Dist.) 4s
Public Funds, Notes.
40.000 Bristol Co. 4s
150,000 Essex Co. 2%s
50.000 Hampden Co. 4)4a
65.000 Middlesex Co. 4)4a
24.000 Chicopee 4s
25.000 Chelsea 3.50%
15.000 Chelsea 3.60%
50.000 Lawrence 4)48
5.000 Lowell 3)4s
25.000 Medford 3)4a
20.000 Melrose 4)4a
10.000 Taunton 3)4a
9.000 Agawam 4s
25.000 Amesbury 3.55%
24.000 Arlington 3)48
30.000 Arlington 3.80%
20.000 Athol 3.50%
15.000 Attleborough 4s
10.000 Gardner 3.50%
17,200 Hudson 3.80%
40.000 Milton 3)4a
25.000 Milton 4s
20.000 No. Andover 3.55%
30.000 Reading 3)4,8
20.000 Rockport 3)4a
1,400 Walpole 4s
4,200 Ware 4)4.8
5,897 Winthrop 4s
$7,937,612
Railroad Bonds.
$250,000 Boston & Albany 4s
625.000 Boston & Lowell 4s
350.000 Boston & Maine 4s
November 6, 7, 8, 9.
$250,000 Boston & Maine 4)4s
694.000 C., B. & Q. 4s
320.000 Chic., Mil. & St. Paul 5s
165.000 Fitchburg 4s
200.000 Fitchburg 4)4s
90.000 Illinois Central 5s
100.000 New England 4s
25.000 N. Y., Lack. & West. 6s
500.000 N. Y „ N. H. & H. 4s
850.000 Old Colony 4s
50.000 Philadelphia & Erie 6s
100.000 Fr., Elk. & Mo. Val. 6s
$4,569,000
Street Railway Bonds.
$235,000 Boston Elevated 4s
200.000 Boston Elevated 4)4s
225.000 West End 4s
25,000 West End 4)4s
$685,000
Bank Stocks.
Shs.
130 Boylston Nl. Bk., Boston
365 First Nl. Bk., Boston
51 Merchants Nl. Bk., Boston
168 Nl. Bk. of Commerce, Boston
200 Nl. Rockland Bk., Boston
50 Nl. Union Bk., Boston
800 Nl. Shawmut Bk., Boston
240 Old Colony Tr. Co., Boston
1,000 Second Nl. Bk., Boston
365 State Nl. Bk„ Boston
113 Webster & Atlas Nl. Bk., Boston
400 Winthrop Nl. Bk., Boston
50 First Nl. Bk., Marlborough
100 Blue Hill Nl. Bk., Milton
100 Third Nl. Bk., Springfield
100 Merchants Nl. Bk., Worcester
REPO RT OF THE
34
[Pub. Doc.
BOSTON PENNY SAVINGS BANK, BOSTON.
1375 W ASHINGTON STREET.
Incorporated M arch 9, 1861.
J o h n R e y n o l d s , President.
Board o f Trustees:
Number of corporators, 69; number of trustees, 33.
W il l ia m H . D u b k e e , Treasurer.
H e b b e b t M . L e l a n d , Clerk o f the Corporation.
F . A . A b n o l d , F . W . B a il e y , M a t t h e w B in n e y , W . N . B i x b y , F . H . B b ig g s ,
J. F . B u e b k e l , L. M . C l a b k , W . G. C o u s e n s , A . H . D e c a t u b , W . H . D u b k e e , C. C. F e b b is ,
W . J. F o e s a it h , J. H . G o o d s pe e d , R . D . G o o d w in , F . P . H a y w o o d , J. B . H u n t e b , R . W . H u s t e d ,
E. B . K e l l o g g , H . M . L e l a n d , V . J. L o b in g , J. D . M cL e l l a n , J. F . M c N e il , G . C. M o b t o n ,
A . K . P a g e , W . H . P ie b c e , J o h n R e y n o l d s , F . A . S c h ib m e b , L . H . Sh e p a b d , S. A . D . S h e p p a b d ,
C. I. T h a y e b , F . L . T o b b e y , R . E . T o w n s e n d , H . H . W ig g in .
Board o f Investm ent:
J o h n R e y n o l d s , M a t t h e w B in n e y , R. W . H u s t e d , R . E . T o w n s e n d , L. H.
Sh e pab d.
Auditing Comm ittee: J. H . G o o d s pe e d , L . H . S h e p a b d , W . N . B i x b y .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
on and after the twelfth day of April and October. Business hours: 9 a .m . to 3 p . m .; Saturdays,
9 a .m . to 12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Street railway bonds .
.
.
American Tel. & Tel. Co. bonds .
Estimated
Market Value
Par Value.
Assets.
.
.
.
.
.
.
.
.
.
.
.
.
$95,000
285.000
200.000
150,000
$91,050
260,925
192,125
134,250
00
00
00
00
$730,000 00
00
00
00
00
$678,350 00
646 loans on real estate {average o f each, $ 9 ,9 8 2 .1 6 ) .
.
.
.
.
.
102 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $ 1 0 0 ,0 0 0 ; assessed value, $ 6 3 ,0 0 0 )
Real estate b y foreclosure, etc. {assessed value, $ 1 7 ,2 0 0 ) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$92,843
281,237
195,683
139,468
$709,233 00
$6,448,475
3,064,100
85,000
13,908
33,630
14,503
.
.
.
.
.
50
50
25
75
00
00
00
12
35
20
$10,368,849 67
Total Assets
Liabilities.
Due depositors on 24,318 accounts, averaging $405.63 each
.
.
.
.
.
$9,864,043 56
{Accounts opened during year, 5 ,6 0 2 ; closed, 8 ,9 7 6 ; increase, 1 ,6 2 6 )
Surplus: —
a. Guaranty fund {2 .7 4 % o f deposits; increase during year, $ 2 5 ,0 0 0 )
b. Profit and loss {increase during year, $ 2 3 ,1 4 9 .8 8 ) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
270,000 00
180,087 18
.
$22,702 91
1,983 98
20,718 93
34,000 00
Unearned discount,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Total Liabilities
.
. $10,368,849 67
35
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$15,847.82 $22,606.44 $2,500.00 $1,117.10
$4,003.90 $46,075.26
Cost per $1,000 of assets
1.53
2 .1 8
.24
.11
.39
4 .45
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.68
Gross income received during the year, $458,206.77.
Rates on Investments and Loans (Average on All, 4.80% ).
Real estate loans (average rate, 5 per cent.): 4 H % , $23,000; 5%, $6,423,675; 5 }4% > $1,800.
Personal loans (average rate, 4.57 per cent.): 4J^%, $380,000; 4 ^ % , $360,000; 4Jfj%, $1,720,500;
4 y s% , $100,000; 4M % , $205,000; 5%, $84,600; 5J^%, 60,000; 5M % . $150,000; 6%, $4,000.
Bonds, stocks, etc. (average rate on book values, 4.05 per cent.): 3J^%, $150,000; 4%, $530,000; 4J^%,
$50,000.
Number of loans not over $3,000 each, 105, amounting to $229,185.
58
real estate loans made during year, amounting to $1,168,800.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 40,986, amounting to
.
.
.
.
.
.
$172,257 67
...........................................181,721 16
.
.
.
.
2,506,363 88
Number of withdrawals during year, 25,599, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
$2,860,342 71
1,918,574 12
.
.
.
$941,768 59
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Boston 3}^s
10.000 Boston 4s
25.000 New Bedford 4s
10.000 Newton 4s
$95,000
Railroad Bonds.
$25,000 Boston & Albany 4s
100,000 Boston & Maine 4s
50.000 C., B. & Q. 3^s
25.000 Chic. & Northwestern 4s
25.000 Fitchburg 4s
50.000 Illinois Central 33d>s
10.000 N. Y., N. H. & H. 4sf
$285,000
D a t e of E x a m in a t io n , January 23, 24 and 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t N ot a legal investment.
Street Railway Bonds.
$75,000 Boston Elevated 4s
25.000 Boston & Northern 4s
50.000 West End 4s
50.000 West End 4^8
$ 200,000
36
REPO RT OF THE
[Pub. Doc,
BRAINTREE SAVINGS BANK, SOUTH BRAINTREE.
W ASHINGTON STREET.
Incorporated M arch 21, 1870.
Number of corporators, 37; number of trustees, 11.
B e n ja m in F. D y e r , President.
F. E u g e n e D y e r , Treasurer.
G e o r g e W . S t e v e n s , Clerk o f the Corporation.
F. A r n o l d , B. F. D y e r , F. E. D y e r , L . B. H o l l is , W . A . M c K e a n , G. V.
P e n n o c k , P. C. S p r in g , G. W . S t e v e n s , J. T . S t e v e n s , N. G. T o r r e y , B . H . W o o d su m .
Board o f Trustees: H .
Board o f Investm ent:
B. F. D y e r , L. B . H o l l is , W . A. M c K e a n .
A uditing Comm ittee:
B. F. D y e r , G. W . S t e v e n s , N . G. T o r r e y .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 8.30 a . m . to 12 m . ; 2 to 4.30 P .M .; Saturdays, 8.30 a . m . to
12 m . ; also on Thursdays, 6.30 to 7.30 p . m . for deposits and drafts. Wednesdays during June,
July, August and September, 8-30 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Estimated
Market Value.
$17,092 00
148,425 00
63,297 50
19,585 00
10,740 00
11,770 00
Book Value.
00
00
00
00
00
00
$271,850 00
$270,909 50
$265,062 92
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$17,000
156,000
64,000
9,100
12,000
13,750
188 loans on real estate (average o f each, $ 1 ,8 5 3 .6 9 ) .
Less amount due on uncompleted loans .
$17,000
154,530
63,275
10,900
11,131
8,226
00
00
00
00
25
67
$350,194 00
1,700 00
348,494
80,000
21,620
1,550
8 loans on personal security .
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets
00
00
89
90
$716,728 71
Liabilities.
Due depositors on 1,825 accounts, averaging $362.57 each
$661,694 59
{Accounts opened during year, 3 2 1 ; closed, 2 1 5 ; increase, 106)
Surplus: —
a. Guaranty fund {3 .6 4 % ° f deposits; increase during year, $ 1 ,5 5 6 .5 1 )
b. Profit and loss {increase during year, $6 ,8 3 4 -4 9 )
Current income: —
Interest
.
.
.
.
.
.
.
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
24,090 05
16,260 46
$15,037 33
353 72
14,683 61
Total Liabilities .
$716,728 71
No. 8.]
BANK COMMISSIONER.
37
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,308.68
$900.00
$300.00
Cost per $1,000 of assets
1.82
1.25
.42
Cost per $1,000 of assets not including State tax and rent
Advertising. Other Expenses.
$12.50
$604.95
.02
.84
.
.
.
.
.
Total.
$3,126.13
4 .3 5
2.11
Gross income received during the year, $31,299.25.
Rates on Investments and Loans (Average on All, 4.80% ).
Real estate loans (average rate, 5.10 per cent.): 4)4% , $5,000; 5%, $285,112; o}4 % , $37,800; 6%, $20,582.
Personal loans (average rate, 4.50 per cent.): 4)4% , $20,000; 4)4%< $50,000; 5%, $10,000.
Bonds, stocks, etc. (average rate on book values, 4.49 per cent.): 3)4% , $23,000; 4%, $140,750; 4)4% ,
$57,000; 5%, $42,000; 6%, $2,500; 7%, $1,500; 10%, $700; 11%, $3,600; 12%, $800.
Number of loans not over $3,000 each, 162, amounting to $244,017.
22 real estate loans made during year, amounting to $33,200.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 2,539, amounting to
$11,412 28
12,017 64
169,738 42
Number of withdrawals during year, 1,807, amounting to
$193,168 34
131,660 37
Net increase in amount due depositors
$61,507 97
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Kansas City, Mo., 4)4s
5.000 Los Angeles, Cal., 4)4s
2.000 Braintree 4s
$17,000
Railroad Bonds.
$3,000 Aroostook Northern 5s
5.000 Bangor & Aroostook 5s
10.000 Boston & Albany 4Mis
15.000 Boston & Maine 4s
5.000 Concord & Montreal 4s
10.000 C., B. & Q. 4s
5.000 Chic., Mil. & St. P. 5s
13.000 Fitchburg 4s
$2,000 Fitchburg 4)4s
10.000 Illinois Central 3J^s
5.000 Me. Cent., E. & N. A. 4s
5.000 Michigan Central 3)4s
5.000 N. Y „ N. H. &. H. 3^s
25.000 N. Y., N. H. & H. 4sf
10.000 No. Maine Seaport 5s
10.000 Old Colony 4s
5.000 Penobscot Shore Line 4s
5.000 Vermont Valley 4Mis
3.000 Washington Co. 3Mis
5.000 Wore., Nash. & R. 4s
$156,000
Street Railway Bonds.
$10,000 Boston & Northern 4s
20.000 Boston Elevated 4Mis
5.000 Gloucester, Essex & Bev. 5s
4.000 Lowell, Law. & Hav. 5s
10.000 Lynn & Boston 5s
10.000 West End 4s
5.000 Worcester Consol. 4Mis*
$64,000
Bank Stocks.
Shs.
7 Merchants Nl. Bk., Boston
36 Nl. Shawmut Bk., Boston
15 State Nl. Bk., Boston
8 Winthrop Nl. Bk., Boston
25 Brockton Nl. Bk.
D a t e of E x a m in a t io n , M ay 31.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $15,000 not a legal investment.
REPO RT OF THE
38
[Pub. Doc.
BRIDGEWATER SAVINGS BANK, BRIDGEWATER.
CENTRAL SQUARE.
Incorporated March 19, 1872.
Number of corporators, 24.
Number of trustees, 12.
(Office vacant), * President.
Sa m u e l P. G a t e s , Treasurer.
F r a n k E . S w e e t , Clerk o f the Corporation.
M . B l a c k s to n e , A . G . B o y d e n , H . W . B r a g d o n , P. O. C l a r k , O. B . C o l e ,
J. H . F a ir b a n k s , S. P. G a t e s , E. A . H e w it t , W . D . J a c k s o n , S. L . K e it h , G . J. L o w e , F . E.
Sw eet.
Board o f Trustees: H .
P. 0 . C l a r k , J. H . F a ir b a n k s , S. P. G a t e s , E. A . H e w it t , G . J. L o w e .
Board o f Investm ent:
A uditing C o m m ittee:*
P. 0 . C l a r k , O. B. C o l e .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 8 a . m . to 12.30 p . m . ; 2 to 6 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$170,000
251.000
105.000
54,500
22,000
00
00
00
00
00
$602,500 00
Estimated
Market Value.
Book Value.
$173,473
244,920
103,262
113,625
19,690
$170,000
250,592
103,522
68,475
19,502
$654,971 25
204 loans on real estate {average o f each, $ i,8S 8.G 6 ) .
.
.
.
.
.
34 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 9 ,0 0 0 ; assessed value, $ 7 ,0 0 0 ) .
Real estate b y foreclosure, etc. {assessed value, $ 9 ,6 5 0 )
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets
75
00
50
00
00
.
.
.
.
.
.
.
.
00
50
50
60
50
$612,093 10
375,087 79
81,565 00
8,000 00
11,300 00
2,480 11
5,705 99
. $1,096,231 99
Liabilities.
Due depositors on 2,931 accounts, averaging $352.71 each
.
$1,033,805 74
(Accounts opened during year, 8 7 9 ; closed, 8 0 3 ; increase, 76)
Surplus: —
a. Guaranty fund {4 .9 7 % o f deposits; increase during year, $3 ,5 0 0 )
b. Profit and loss {decrease during year, $ 3 ,1 1 9 .1 0 )
Current income: —
а. Interest .
.
.
.
.
.
.
$4,855 41
б. Rent
.
.
.
.
.
.
.
67 85
51,500 00
6,164 75
$4,923 26
Less current expenses not charged off
.
Less State or local taxes not charged off .
.
.
$25 24
136 52
161 76
---------------
Total Liabilities .
4,761 50
. $1,096,231 99
* The president, who was also a member of the Auditing Committee, died Oct. 1, 1912.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
39
BANK COMMISSIONER.
No. 8.
Total Expenses for the Year, including State Taxes.
Advertising.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,241.15
$2,500 00
—
Cost per $1,000 of assets
2 .0 4
2.28
Cost per $1,000 of assets not including State tax and rent .
Total.
Other Expenses.
$5,859.39
$1,118.24
1.02
3.30
3.30
Gross income received during the year, $51,431.88.
Rates on Investments and Loans (Average on All, 4.84% ).
(average rate, 5.21 per cent.): 4%, $5,500; 4)4% , $10,500; 5%, $265,980; 5)4% , $7,100;
6%, $86,007.79.
Personal loans (average rate, 4.70 per cent.): 4)4% , $35,000; 4)4% . $10,000 ; 5%, $29,000; 6%, $7,565.
Bonds, stocks, etc. (average rate on book values, 4.62 per cent.): 3)4% , $48,000; 4%, $272,000; 4)4% .
$100,000; 5%, $125,300; 6%, $14,800; 7%, $12,700; 10%, $5,200; 11%, $19,700; 12%, $4,800.
Real estate loans
Number of loans not over $3,000 each, 199, amounting to $227,627.79.
19 real estate loans made during year, amounting to $43,145.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 3,032, amounting to
.
.
Number of withdrawals during year, 2,120, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
..........................................
.
.
.
.
.
.
.
.
.
.
.
$19,124 53
19,544 60
176,458 72
.
$215,127 85
168,506 89
.
$46,620 96
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Bay City, Mich., 5s
10.000 Fall River 4s
5.000 Kansas City, Mo., 4s
5.000 Lewiston, Me., 5s
25.000 Los Angeles, Cal., 4J4s
5.000 New Bedford 3)4s
10.000 New Bedford 4s
8.000 Brewster 4s
20.000 Concord 4s
5.000 Dracut 4s
4.000 Huntington 4s
10.000 Montague 5s
10.000 North Attleborough 4s
12.000 Revere 4s
10.000 Russell 4s
10.000 Stamford, Conn., 4)4s
Public Funds, Notes.
$15,000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
8.000 Burl. & Mo. Riv. 6s
17.000 C., B. & Q. 3)4s
10.000 C„ B. & Q. 4s
5.000 Chic. & Northwestern 4s
5.000 Chic. & Northwestern 5s
10.000 Illinois Central 3)4s
10.000 Illinois Central 4s
20.000 Louisville & Nashville 5s
5.000 Mahoning Coal 5s
60.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 4s
10,'000 Port. & Ogdensburg 4)4s
6.000 Sioux City & Pac. 3)4s
5.000 Troy & Boston 7s
$251,000
11.000 Bridgewater 4s
$170,000
Street Railway Bonds.
Railroad Bonds.
$10,000 Baltimore & Ohio 334s
10,000 Bangor & Aroostook 5s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000 Boston Elevated 4)4s
20.000 Boston & Northern 4s
10.000 Lynn & Boston 5s
February 21, 23 and 24.
* A legal investment when made.
$15,000 Lowell, Law. & Hav. 5s
15.000 West End 4s
15.000 Worcester Consol. 4)4s *
$105,000
Bank Stocks.
Shs.
13 Abington Nl, Bank
44 Boylston Nl. Bk., Boston
42 First Nl. Bk., Boston
55 Fourth-Atlantic Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
20 Nl. Rockland Bk., Boston
6 Nl. Security Bk., Boston
197 Nl. Shawmut Bk., Boston
10 South End Nl. Bk., Boston
22 State Nl. Bk., Boston
60 Brockton Nl. Bank
22 Home Nl. Bk., Brockton
8 Plymouth Nl. Bank
36 Bristol Co. Nl. Bk., Taunton
40
REPORT OF THE
[Pub. Doc.
BRIGHTON FIVE CENTS SAVINGS BANK, BOSTON.
326 W ASHINGTON STREET (Ward 25).
Incorporated March 28, 1861.
Jam es Y oung,
Jr., President.
G eorge
Board o f Trustees:
Sam u el
G.
K eene,
N ew hall, F.
A.
Board o f Investm ent:
Number of corporators, 68; number of trustees, 16.
F . B u n k e r , F r a n c is B u r k e ,
W . A.
L am bert,
N orcross,
H. C.
Auditing Com m ittee: F .
G.
G.
Fabyan,
A.
W alteb
F . B u n k e r , Clerk o f the Corporation.
G.
B.
F. Parker, B.
G. A.
N ew hall,
F uller,
C. E.
H. C.
L iv e r m o r e ,
W.
W.
J.
G. A .
F u ller,
M a g u ir e , T .
B.
W a r r e n , Jam es Y o u n g ,
Jr.
T. B.
H olm an,
Fabyan,
L a m b e r t , Treasurer.
M unroe, F.
W.
G.
C. E.
H olm an,
M unroe, F.
N ew h all, Jam es Y oung,
G,
Jr.
J. M a g u ir e .
Deposits draw interest from first Saturday of January, April, July and October; dividends are payable
the M onday after the first Saturday of January and July. Business hours: 9 a . m . to 3 p . m . ;
Saturdays, 9 a . m . to 12 m . ; and for deposits only, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
.
.
$121,000
333,000
43.000
10,620
20.000
39,000
00
00
00
00
00
00
$566,620 00
Estimated
Market Value.
$119,957
311,125
42,005
22,577
19,200
34,905
Book Value.
50
00
00
00
00
00
$121,000
332,637
42,506
12,000
20,000
35,500
$549,769 50
00
50
70
00
00
00
$563,644 20
$1,197,412 00
12,000 00
410 loans on real estate (average o f each, $ 2 ,8 9 1 .2 4 ) ■
Less amount due on uncompleted loans .
26 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 ,0 0 0 ; assessed value, $ 1 0 ,7 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 6 ,0 0 0 )
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
. . .
1,185,412
438,300
10,000
4,595
133
38,792
6,715
.
.
.
.
00
00
00
69
47
25
73
$2,247,593 34
T otal Assets
Liabilities.
$2,113,812 61
Due depositors on 7,157 accounts, averaging $295.34 each
( Accounts opened during year, 1 ,1 3 7 ; closed, 8 4 5 ; increase, 2 9 2 )
Surplus: —
a. Guaranty fund (3 .5 7 % o f deposits; increase during year, $ 5 ,5 0 0 )
b. Profit and loss (increase during year, $ 3 ,1 5 2 .5 8 )
Current incom e: —
а. Interest .
.
.
.
.
.
.
$35,636 78
б. Rent
.
.
.
.
.
.
.
137 14
$35,773 92
2,927 11
Less current expenses not charged off
Unearned discount
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
75,500 00
25,282 25
.
32,846 81
151 67
.
Total Liabilities
.
.
$2,247,593 34
No. 8.]
BANK COMMISSIONER.
41
Total Expenses for the Year, including State Taxes.
Advertising.
State Tax (Net).
Salaries.
Rent.
$119.85
Amount paid for
$4,567.03
$4,600.00
$600.00
Cost per $1,000 of assets
2 .03
2 .0 5
.26
.05
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$2,149.79 $12,036.67
.95
5 .34
3.05
Gross income received during the year, $93,619.95.
Rates on Investments and Loans (Average on All, 4.65% ).
Real estate loans (average rate, 5.03 per cent.): 5%, $1,138,667; 5J^%, $15,775; 6%, $30,970.
Personal loans (average rate, 4.39 per cent.): 4%, $42,000; 4)^%, $38,000; 4 M % , $240,000;
4^% ,
$25,000; 4M % , $20,000; 4 ^ % , $21,300; 5%, $4,000; 5M % . $25,000; 5 ^ % . $15,000; 6%, $8,000.
(average rate on book values, 4.05 per cent.): 3J^%, $146,000; 4% , $341,000;
4 ^ % , $54,000; 5%, $10,300; 6%, $3,400; 7%, $6,300; 8%, $2,500; 10%, $1,200; 12%, $1,500.
Bonds, stocks, etc.
Number of loans not over $3,000 each, 255, amounting to $432,995.
72 real estate loans made during year, amounting to $257,150.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2% .
July, 1912, 1 % %
Number of deposits during year, 10,394, amounting to
$36,643 10
33,809 28
508,510 77
Number of withdrawals during year, 5,586, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$578,963 15
409,811 24
.
$169,151 91
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Belfast, Me., 4s
10.000 Boston 3J^s
5.000 Boston 4s
5.000 Bridgeport, Ct., 4s
2.000 Brockton 4s
5.000 Central Falls, R. I., 4s
10.000 Chicago, 111., 4s
5.000 Chicopee 4s
5.000 Everett 4s
25.000 Kansas City, Mo., 4)^s
10.000 Newton 4s
15.000 San Francisco, Cal., 4J^s
4.000 Winchester 4s
Public Funds, Notes.
10.000 Stoneham 3J^s
$ 121,000
Railroad Bonds.
$16,000 Boston & Albany 3Aás
15.000 Boston & Albany 4s
24.000 Boston & Lowell 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,000 Boston & Maine 4s
25.000 C„ B. & Q. 3 y 28
10.000 C., B. & Q. 4s
20.000 Chic. & Northwest. 4s
15.000 Cleveland & Pitts. 314b
10.000 Concord & Montreal 4s
10.000 Dexter & Piscataquis 4s
10.000 Erie & Pitts. 3p9S
28.000 Fitchburg 4s
4.000 Fitchburg 4}4s
10.000 Illinois Central 3Hs
20.000 Illinois Central 4s
10.000 M. Cent. & E. & N. A. 4s
20.000 N. Y., N. H. & H. 3^8
20.000 N. Y „ N. H. & H. 4s
9.000 Old Colony 4s
20.000 Penobscot Shore Line 4s
10.000 P., Gt. Falls & Con. 4J^s
10.000 Washington Co. 3148
5.000 Winona & St. Peters 7s
5.000 Wore., Nash. & R. 4s
$333,000
September 20.
Street Railway Bonds.
$10,000 Boston Elevated 4s
5,000 Boston & Northern 4s
10.000 Lynn & Boston 5s
18.000 West End 4s
$43,000
Bank Stocks.
Shs.
15 Eliot Nl. Bk., Boston
15 First Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
30 Nl. Market Bk. of Brighton, Boston
3 Old Boston Nl. Bk., Boston
2 Second Nl. Bk., Boston
13 State Nl. Bk., Boston
12 Tremont Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
I 4 Union Market Nl. Bk., Watertown
42
REPORT OF THE
[Pub. Doc.
BRISTOL COUNTY SAVINGS BANK, TAUNTON.
35 BR OADW AY.
Incorporated March 2, 1846.
W il l ia m
H.
F o x , President.
C h ester
Board o f Trustees: S .
frey
W .
, F.
L.
Number of corporators, 70; number o f trustees, 14.
L.
G.
A lfred
E.
C. H. B l a i n e , C. W . D a v o l , C. F . F o s t e r , W
T. J. M o r t o n , A . C. P l a c e , S . D . P r e s b r e y , W . T.
G. E. W i l b u r .
B eers,
M orse,
W alker,
Board o f Investm ent:
W . H. F ox , E. D .
Auditing C om m ittee: F .
L.
M orse, W .
C . P l a c e , Treasurer .
W a l k e r , Clerk o f the Corporation.
G odfrey,
T.
S. D .
P resbrey,
W . T.
.
H.
So per,
E. D . G o d
E . A. T h o m a s ,
Fox,
Soper,
E. A.
T h om as.
S o p e r , G . E . W il b u r .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 9 a . m . to 1 p . m . ; Saturdays, 9 a . m . to 4 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
Boston Terrninal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
Securities acquired in settlement of indebtedness
439 loans on real estate (average o f each, $ 3 ,3 8 7 .9 5 ) .
Less amount due on uncompleted loans .
.
.
$1,453,500
1,440,000
170.000
134,841
200.000
75.000
17.000
00
00
00
67
00
00
00
$1,446,301
1,388,712
169,437
246,958
192,000
67,125
Book Value.
25
50
50
33
00
00
$3,490,341 67
$3,510,534 58
.
$1,491,455 00
4,143 10
.
.
.
.
.
00
00
00
67
00
00
$3,466,966 67
1,487,311
1,759,000
10,000
141,698
6,643
81 loans on personal security,
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 3 0 ,0 0 0 ; assessed value, ■$31,500)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
$1,453,500
1,440,000
170.000
133,966
200.000
69,500
90
00
00
93
09
. $6,871,620 59
Liabilities.
Due depositors on 13,114 accounts, averaging $487.66 each
.
$6,395,204 91
(Accounts opened during year, 1 ,8 6 3 ; closed, 1 ,2 5 7 ; increase, 106)
Surplus: —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $3 ,3 2 0 )
b. Profit and loss (increase during year, $ 9 ,8 5 1 .4 3 )
Current incom e: —
a. Interest .
..................................................... $26,195 47
b. R e n t ................................................................
80 00
$26,275 47
1,139 85
-------------------
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
318,320 00
132,960 06
Total Liabilities
.
25,135 62
. $6,871,620 59
43
BANK COMMISSIONER.
No. 8.
Total Expenses for the Year, including State Taxes.
Total.
State Tax (Net).
Salaries. ’
Rent. Advertising. Other Expenses.
$33,799.44
Am ount paid for
$18,207.97
$12,578.50
$800.00
$2,212.97
4 .9 2
Cost per $1,000 of assets
2 .65
1.83
.12
.32
2 .1 5
.
.
.
.
.
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $297,579.66.
Rates on Investments and Loans (Average on All, 4.47%).
Real estate loans (average rate, 4.97 per cent):
$9,950; 5 } 4 % , $66,870; 6%, $132,275.
Personal loans (average rate, 4.72 per cent.):
4)^% , $293,300; 4 % % , $269,625; 5%, $715,291.90; 5)4% ,
4)4% , $195,000; 4)4%, $370,500; 4)4% . $275,100; 4)4% .
$502,000; 5%, $138,500; 5)4% , $75,000; 5)4% , $77,700; 5 % % , $125,000; 6%, $200.
Bonds, stocks, etc. (average rate on book values, 4.13 per cent): 3%, $50,000; 3)4% , $640,000; 4%,
$2,041,000; 4)4% , $492,500; 5%, $145,000; 6%, $35,000; 7%, $17,400; 8%, $11,500; 10%, $40,000.
Number of loans not over $3,000 each, 361, amounting to $400,320.
50 real estate loans made during year, amounting to $185,900.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 10,925, amounting to
.
.
.
.
.
.
..........................................
.
.
.
.
Number of withdrawals during year, 10,441, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$120,670 52
122,245 12
893,437 59
$1,136,353 23
960,418 35
.
$175,934 88
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Massachusetts 3)4s
150.000 Boston 4s
50.000 Brockton 4s
25.000 Chelsea 4s
50.000 Chicago, 111., 4s
50.000 Detroit, Mich., 4s
50.000 Fall River 4s
50.000 Haverhill 4s
25.000 Kansas City, Mo., 4J4s
30.000 Lawrence 4s
25.000 Minneapolis, Minn., 4s
15.000 New Bedford 3)4s
188.000 New Bedford 4s
30.000 New London, Ct., 4s
50.000 Newton 4s
50.000 Pittsburgh, Pa., 4)4s
50.000 Providence, R. I., 3s
25.000 Somerville 4s
50.000 Springfield 4s
65.000 Taunton 4s
50.000 Woonsocket, R. I., 4s
50.000 Cranston, R. I., 4s
8,000 Rockland 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Public Funds, Notes.
$190,000 Bristol Co. 4s
27,500 Bristol Co. i'Aa
50,000 Lowell 4s
$1,453,500
Railroad Bonds.
$20,000 Bangor & Aroostook 5s
75.000 Boston & Albany 3)^s
50.000 Boston & Maine 3)^s
50.000 Boston & Maine 4s
75.000 Boston & Maine 4)^s
50.000 Boston & Providence 4s
50.000 C., B. & Q. 3H>s
100.000 C., B. & Q. 4s
30.000 C„ M. & St. P. 5s
100.000 Concord & Montreal 4s.
100.000 Fitchburg 3}4s
50.000 Fitchburg 4s
50.000 Fitchburg 4His
50.000 Illinois Central 3Jd>s
40.000 Michigan Central 5s
50.000 N. Y „ N. H. & H. 3V2b
150.000 N. Y., N. H. & H. 4s
150.000 Old Colony 4s
50.000 Port. & Ogdens. 4H>s
25.000 Rome, W. & Ogdensbg. 5s
45.000 St. P., Minn. & Man. 4)^s
July 10
and
11.
$50,000 Vermont Valley 4Hs
30,000 Wore., Nash. & R. 4s
$1,440,000
Street Railway Bonds.
$35,000 Boston Elevated 4%>s
50.000 West End 4s
85.000 West End 4)^s
$170,000
Bank Stocks.
Shs.
Fourth-Atlantic Nl. Bk., Boston
150 Merchants Nl. Bk., Boston
100 Nl. Bk. of Commerce, Boston
100 Nl. Bk. of the Republic, Boston
50 Nl. Rockland Bk., Boston
100 Nl. Union Bk., Boston
100 Peoples Nl. Bk., Boston
100 Second Nl. Bk., Boston
108 State Nl. Bk., Boston
25 Tremont Nl. Bk., Boston
15 First Nl. Bk., Easton
100 Third Nl. Bk., Springfield
100 Bristol Co. Nl. Bk., Taunton
150 Machinists Nl. Bk., Taunton
200 Taunton Nl. Bk.
66%
44
REPORT OF THE
[Pub. Doc.
BROADWAY SAVINGS BANK, LAWRENCE.
522 ESSEX STREET.
Incorporated March 9, 1872.
W il l ia m
F.
R u t t e r , President.
E dmund
Board o f Trustees:
W. D .
G. F.
H arry
Number of corporators, 32; number of trustees, 18.
C. O.
C l in t o n
B.
G. E.
W . E. H e a l d ,
W . F. R u t t e r , G.
A n drew s,
H ah tsh orn e,
R u ssell,
W ylde.
Board o f Investm ent:
W . F.
A uditing Com m ittee:
W . D . Tw iss, W . D .
R utter, W .
O.
A n d r e w s , Treasurer.
C h o a t e , Clerk o f the Corporation.
C h ic k e r in g ,
W.
D . C u r r ie r ,
A . S. L a n g , L .
E.
L ocke,
H.
L.
Sh e r m a n ,
L.
E.
Selden,
E.
H e a l d , A . S. L a n g , L .
C u r r ie r ,
F. L.
F.
S. M .
W . H. G i l e ,
W . E. R o w e l l .
J. H. S t o n e , W . D . T w i s s ,
D ecker,
L. P orter,
L ocke,
W . E.
R ow ell.
P orter.
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third W ednesday of April and October. Business hours: 9 a . m . to 1 p . m . ; Saturdays,
9 a . m . to 12 m . ; 2 to 3 and 7 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Book Value.
/
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$279,000
451.000
113.000
73.000
90.000
00
00
00
00
00
$1,006,000 00
$277,536
410,750
108,495
152,025
80,550
50
00
00
00
00
$278,875
437,825
110,462
85,160
80,987
00
00
50
00
50
$1,029,356 50
$993,310 00
684 loans on real estate (average o f each, $ 4 , 0 3 3 . 8 8 ) ...............................................................
64 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 4 5 ,0 0 0 ; assessed value, $ 4 3 ,0 0 0 )
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
2,758,490 00
718,575 00
30,000 00
35,617 11
2,016 67
Total Assets
. $4,538,008 78
Liabilities.
Due depositors on 9,259 accounts, averaging $451.54 each
.
$4,180,806 28
{Accounts opened during year, 1 ,9 4 1 ; closed, 1 ,7 0 4 ; increase, 337)
Surplus: —
a. Guaranty fund {5 .0 7 % o f deposits; increase during year, $ 5 ,9 0 0 )
h. Profit and loss {increase during year, $ 3 8 ,1 0 0 .8 5 ) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
211,900 00
143,002 99
$3,072 86
773 35
2,299 51
Total Liabilities
.
. $4,538,008 78
No. 8.]
BANK COMMISSIONER.
45
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$5,762.48
$8,895.13 $1,800.00 $695.01
$2,093.97
$19,246.59
Cost per $1,000 of assets
1.27
1 .96
.40
.15
.46
4.24
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .5 7
Gross income received during the year, $209,104.94.
Rates on Investments and Loans (Average on All, 4.78% ).
Real estate loans (average rate, 4.96 per cent.): 4)4% , $282,600; 5%, $2,434,915; 5)4% , $16,875; 6%,
$24,100.
Personal loans (average rate, 4.81 per cent.): 4)4%, $25,000; 4)4% , $75,000; 4% % , $50,000; 4)4% ,
$241,000; 5%, $126,725; 5 ) 4 % , $75,000; 5 ) 4 % , $100,000; 6%, $25,850.
Bonds, stocks, etc. (average rate on book values, 4.25 per cent.): 3%, $50,000; 3)4% , $140,000; 4% ,
$608,300; 4 ) 4 % , $127,000; 5%, $7,700; 6%, $20,000; 7%, $3,000; 8%, $50,000.
Number of loans not over $3,000 each, 447, amounting to $815,690.
60 real estate loans made during year, amounting to $261,650.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 13,675, amounting to
$77,382 10
78,459 23
830,876 78
Number of withdrawals during year, 7,497, amounting to
$986,718 11
856,469 54
Net increase in amount due depositors
$130,248 57
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3)4s
50.000 Boston 4s
75.000 Chicago, 111., 4s
20.000 Fort Wayne, Ind., 3)48
25.000 Grand Rapids, Mich., 4)4?
19,800 Lawrence 4s
19.000 Lynn 4s
30.000 E. Providence, R. I., 4s
1,000 Fort Fairfield, Me., 4)4?
7,500 Methuen 4s
Public Funds, Notes.
8.000 Derry, N. H., 4s
5.000 Derry, N. H., 5s
2,700 Salem, N. H., 5s
Railroad Bonds.
$25,000 Boston & Maine 3s
20.000 Boston & Maine 4s
26.000 Boston & Maine 4)4s
50.000 Boston & Providence 4s
50.000 Concord & Montreal 4s
20.000 G , B. & Q. 4s
25.000 Fitchburg 4s
25.000 Illinois Central 3s
50.000 Illinois Central 3)4s
15.000 Joliet & No. Ind. 4s
25.000 Mil. & Nor. 4)4s
25.000 N. Y., N. H. & H. 3^s
50.000 N. Y., N. H. & H. 4s
25.000 Old Colony 4s
20.000 Washington Co. 3)4s
$451,000
$279,000
D a t e of E x a m in a t io n , April 1, 2 and 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$18,000 Boston Elevated 4s
50.000 Boston Elevated 4)4s
35.000 Boston & Northern 4s
10.000 West End 4s
$113,000
Bank Stocks.
Shs.
100 Nl. Bk. of Commerce, Boston
400 Nl. Shawmut Bk., Boston
5 State Nl. Bk., Boston
25 Webster & Atlas Nl. Bk., Boston
100 Bay State Nl. Bk., Lawrence
200 Lawrence Nl. Bank
100 Merchants Tr. Co., Lawrence
46
REPO RT OF THE
[Pub. Doc.
BROCKTON SAVINGS BANK, BROCKTON.
5-9 NORTH M AIN STREET.
Incorporated March 3, 1881.
B radfobd
E.
J o n e s , President.
M erton
Board o f Trustees: A .
n ey
L.
,
F.
Number of corporators, 68; number of trustees, 17.
F.
Barker, W .
C harles
C.
C r o o k e r , Treasurer.
S . G u r n e y , Clerk o f the Corporation.
F.
C l e a v e l a n d , C . C . C r o o k e r , W . H . E m e r so n , M . S. G u r
F.
B . H o w a r d , S . P . H o w a r d , B . E . J o n e s , P . B . K e it h , C . W . K in g m a n ,
W . P uffer,
D . G.
S w a in , A n d r e w Sw a n s o n , E . M . T h o m p so n , J.
Board o f Investm ent: B . E . J o n e s , W .
Auditing Comm ittee:
F. B.
H ow ard,
H.
E m erson ,
M . S.
F. H.
G urney,
G.
P ack ard , E . M . T h om pson ,
E. M.
H . P ackard,
W il d e , H . E . W il l ia m s .
H.
E . W il l ia m s .
T h om pson .
Deposits draw interest from fifteenth day of January, April, July and October; dividends are pay
able April 15 and October 15. Business hours: 9 a .m . to 2 p . m .; Saturdays, 9 a . m . to 12 m .; and
for deposits only, 7 to 8.30 p . m . from September 15 to June 15.
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
$589,000
953.000
125.000
32,815
100.000
110,000
697 loans on real estate (average o f each, $ 4 ,3 0 3 .9 0 ) .
Less amount due on uncompleted loans .
.
.
00
00
00
00
00
00
Estimated
Market Value.
$584,213
884,747
124,000
57,384
96,000
98,450
Book Value.
75
50
00
00
00
00
$1,909,815 00
$1,844,795 25
.
$3,028,925 00
29,100 00
.
.
.
.
.
$589,000
942,875
124,750
32,500
100,000
99,585
$1,888,710 00
2,999,825
911,335
79.000
1,928
256
52 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 1 ,0 0 0 ; assessed value, $ 9 7 ,9 0 0 )
Real estate b y foreclosure, etc. (assessed value, $7 ,8 7 5 )
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Premium account
.
Insurance account
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
00
00
00
00
00
00
00
00
00
68
21
11.000 00
1,750 00
79,308 52
13,589 43
. $5,986,702 84
Total Assets
Liabilities.
Due depositors on 17,788 accounts, averaging $320.25 each
.
.
.
.
.
CAccounts opened during year, 2 ,9 3 7 ; closed, 2 ,4 6 1 ; increase, 416)
Surplus: —
a. Guaranty fund (4 .0 9 % o f deposits; increase during year, $ 1 4 ,5 0 0 )
.
.
.
...........................................
h. Profit and loss (increase during year, $2 6 8 .4 9 )
Current incom e: —
$6,004 48
а. Interest .
.
.
.
.
.
.
18 60
б. Rent
.
.
.
.
.
.
.
---------------$6,023 08
725 81
Less current expenses not charged off
----------------------..........................................
Balance due on foreclosure sale
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
$5,696,622 45
233,500 00
51,076 45
5,297 27
206 67
. $5,986,702 84
/
No. 8.]
47
BANK COMMISSIONER.
Total Expenses for the Year, including State Taxes.
Rent.
Advertising. Other Expenses.
Total.
State Tax (Net).
Salaries.
$2,234.09
$24,148.32
Amount paid for
$10,381.52
$9,959.67 $1,200 00 $373.04
.37
4.02
Cost per $1,000 of assets
1.73
1.66
.20
.06
2.09
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $250,716.19.
Rates on Investments and Loans (Average on All, 4.54% ).
Real estate loans (average rate, 4.87
5 % % , $98,750; 6%, $138,380.
Personal loans (average rate, 4.58 per
per cent.): 4J^%, $1,093,200; 4 % % , $54,500; 5%, $1,614,955;
cen t.): 4 M%> $403,000; 4J^%, $25,000; 4J^%, $231,000; 4 M%,
$25,000; 5%, $114,235; 5M % . $50,000; 5J^%, $34,100; 6%, $29,000.
B onds, stocks, etc. (average rate on book values, 4.02 per cent.): 3}4% > $610,000; 4%, $912,000;
4 ^ % , $310,000; 5%, $45,000; 6%, $20,000; 8%, $7,500; 10%, $5,000.
Number of loans not over $3,000 each, 524, amounting to $861,710.
125 real estate loans made during year, amounting to $473,194.75.
Dividends, Deposits and Withdrawals.
$100,647 74
104,476 81
1,470,300 19
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 26,292, amounting to
Number of withdrawals during year, 18,534, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$1,675,424 74
1,246,765 97
$428,658 77
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$70,000 Boston 4s
83.000 Brockton 3J^s
44.000 Brockton 4s
100,000 Chicago, 111., 4s
50.000 Fall River 4s
30.000 Holyoke 4s
35.000 Indianapolis, Ind., 4s
35.000 Los Angeles, Cal., 4J^s
25.000 Melrose 4s
25.000 Newton 4s
25.000 Quincy 4J^s
17.000 Stamford, Conn., 3Mis
20.000 Ashland 4s
30.000 Braintree 4s
$589,000
Railroad Bonds.
$25,000 Boston & Albany 3M>s
75,000 Boston & Albany 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000 Boston & Maine 3J^s
20.000 Boston & Maine 4s
80.000 Boston & Maine 4)^s
100,000 C„ B. & Q. 3^s
10.000 Cleveland & Pitts. 4p£s
25.000 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
75.000 Fitchburg 4s
50.000 Fitchburg 4M>s
75.000 Ilbnois Central 3)^s
5,000 Illinois Central 4s
25.000 Michigan Central 3)^s
25.000 Michigan Central 5s
75.000 N. Y „ N. H. & H. 3^s
40.000 N. Y „ N. H. & H. 4s
35.000 Old Colony 4s
25.000 Penobscot Shore Line 4s
25.000 Peoria & No. West. 3Mis
30.000 Port. & Ogdens. 4p^s
35.000 Princeton & N. W. 3J^s
25.000 Vermont Valley 4)^s
April 24, 25.
* Legal investments when made.
$25,000 Washington Co. 3Mis
3,000 Wore., Nash. & R. 4s
$953,000
Street Railway Bonds.
$25,000 Boston Elevated 4J^s
50.000 West End 4s
30.000 Worcester Consol. 4p£s*
20.000 Worcester Consol. 5s*
$125,000
Bank Stocks.
Shs.
75 NI. Shawmut Bk., Boston
9 Tremont Nl. Bk., Boston
200 Brockton NI. Bank
50 Home Nl. Bk., Brockton
\
48
REPO RT OF THE
[Pub. Doc.
BROOKLINE SAVINGS BANK, BROOKLINE.
366 W ASHINGTON STREET.
Incorporated February 24, 1871.
C harles
II .
S t e a r n s , President.
W il l ia m
C . W il l ia m
Board o f Trustees:
C. W .
C. H .
Number of corporators, 33; number of trustees, 16.
E.
J. A . C o u s i n s , J a m e s D r i s c o l l , E. M .
E. J a m e s , A. E. K e n r i c k , M a r t i n K i n g m a n ,
P. S t e a r n s , W . H . W h i t e , C . B . W i g g i n , F . H .
W . Baker,
H o ltzer, F.
St e a r n s , J.
Board o f Investm ent:
A. E.
K e n r ic k ,
E.
L i n c o l n , Treasurer.
M e r z , Clerk o f the Corporation.
E. M .
F arn sw orth ,
C.
H .
F arn sw orth ,
H.
W.
Lam b,
G.
A.
H . F r a n c is ,
H . L atham ,
W il l ia m s .
Stearn s, W .
H .
W h it e ,
J. A .
C o u s in s .
A uditing Comm ittee:
J. P.
E. W .
S t e a r n s , M a r t in K in g m a n ,
Baker.
Deposits draw interest from second M onday of January, April, July and October; dividends are pay
able the third W ednesday of January and July. Business hours: 9 a . m . to 1 p . m . ; also Mondays
and Wednesdays, 3 to 5 p . m . ; Saturdays, except in August, 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$216,000
1,346,800
254.000
525
134.000
50,000
00
00
00
00
00
00
$2,001,325 00
324 loans on real estate {average o f each, $ 6 ,9 3 1 .7 0 ) .
Less amount due on uncompleted loans .
.
.
.
$217,483
1,297,731
257,237
15
119,930
47,593
Book Value.
$221,548
1,366,605
266,120
25
120,496
50,000
75
50
50
00
00
75
.
95
00
00
00
26*
00
$1,939,991 50 $2,024,795 21
$2,247,372 00
1,500 00
---------------.
77 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 0 ,0 0 0 ; assessed value, $ 2 1 ,8 0 0 )
Real estate b y foreclosure, etc. (assessed value, SI 1 7 ,7 0 0 ) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Estimated
Market Value.
.
.
2,245,872
1,784,203
25,700
98,334
3,780
106,399
3,587
00
00
00
26
93
95
58
. $6,292,672 93
Total Assets
Liabilities.
. $6,007,704 78
Due depositors on 17,204 accounts, averaging $349.20 each
{Accounts opened during year, 2 ,0 1 6 ; closed, 1 ,7 8 8 ; increase, 2 7 8 )
Surplus: —
a. Guaranty fund {2 .6 5 % o f deposits; increase during year, $15 ,0 8 0 )
h. Profit and loss {increase during year, $ 1 3 ,7 1 6 .9 9 ) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Total Liabilities
159,075 00
74,400 40
*
$55,845 46
4,352 71
.
* This amount exceeds the legal limit and bank was so notified.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
51,492 75
. $6,292,672 93
49
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$17,809.35
$9,541.02
Cost per $1,000 of assets
2 .83
1.52
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$43.20
.01
Other Expenses.
Total.
$2,964.76
$30,358.33
.47
4.83
...........................................
2.00
Gross income received during the year, $275,899.76.
Rates on Investments and Loans (Average on All, 4.60% ).
((average rate, 4.89 per cent.): 4%, $25,000; 4J^%, $506,800; 4M%> $32,000; 5%,
$1,603,272; 5 K % , $71,900; 6%, $6,900.
Personal loans {average rate, 4.55 per cent.): 4 M%> $785,000; 4%%, $430,000; 4J^%, $220,000; 5%,
$11,300; 5M % . 197,500; 5 ^ % , $25,000; 5J^%, $165,400; 5 % % , $25,000; 6%, $25,000;.
B onds , stocks, etc. (average rate on book values, 4.33 per cent.): 3%, $25,000; 3Vio%. $5,000; 3+-io%.
$15,000; 3J^%, $373,000; 4%, $753,000; 4)^% , $205,000; 5%, $357,000; 6%, $266,800; 7%,
$ 1, 000 .
Real estate loans
Number of loans not over $3,000 each, 120, amounting to $220,950.
40 real estate loans made during year, amounting to $266,500.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, \ % %
.
.
.
.
.
July, 1912, 1 H % ..........................................
Number of deposits during year, 20,066, amounting to
.
.
.
.
.
Number of withdrawals during year, 12,216, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
$1,202,322 43
1,160,215 72
.
.
.
$99,888 19
100,357 78
1,002,076 46
.
$42,106 71
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$9,000 Boston 4s
25.000 Brockton 3Mis
10.000 Brockton 4s
25.000 Cambridge 4s
20.000 Fall River 4s
5.000 Gloucester 4s
36.000 Quincy 4s
5.000 Brookline 3.10%
15.000 Brookline 3.40%
7.000 Brookline 3Mis
32.000 Hyde Park 4s
27.000 Wareham 4s
$216,000
Railroad Bonds.
$25,000 Boston & Albany 4s
25,000 Boston & Albany 4J/£s
D ate
of
E x a m in a t io n ,
$45,000 Boston & Maine 4s
55.000 Boston & Maine 4J^s
111,800 Burl. & Mo. Riv. 6s
100.000 C., B. & Q. 3M>s
50.000 C., B. & Q. 4s
68.000 C., B. & Q. 5s
25.000 Chic. & North. 5s*
155.000 Chic. & North. 6s
55.000 Fitchburg 3Mis
85.000 Fitchburg 4s
25.000 Fitchburg 4)^s
25.000 Illinois Central 3s
101.000 Illinois Central 3Mis
25.000 N. Y. C. & H. R. 3Ms
60.000 N. Y., N. H. & H. 3Ms
210.000 N. Y „ N. H..& H. 4s|
100.000 No. Maine Seaport 5s
1,000 Troy & Boston 7s
$254,000
Bank Stocks.
Shs.
15 Tremont Nl. Bk., Boston
$1,346,800
February 1, 2 and 3.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$100,000 Boston Elevated 4Ms
13.000 Glouces., Essex & Bev. 5s
41.000 Lowell, Law. & ILav. 5s
60.000 Lynn & Boston 5s
40.000 West End 4s
t $15,000 not a legal investment.
[Pub. Doc.
REPO RT OF THE
50
CAMBRIDGE SAVINGS BANK, CAMBRIDGE.
15
Incorporated April 2, 1834.
E dw ard
R.
DUNSTER STREET.
Number of corporators, 47; number of trustees, 20.
C o g s w e l l , President.
John
Board o f Trustees: O . F . A
B oahdman,
L.
llen
N . B rock,
F.
A l l e n , Treasurer.
H.
C l a f l in , E . R . C o g s w e l l , J. C . D o w , E d w in D r e s s e r , S. W .
H u b b a r d , H . E . M a so n , J.
F.
P e n n e l l , F r a n k l in
P e r r in ,
S o u l e , F r e d e r ic k W o r c e s t e r .
Board o f Investm ent:
E. R .
Auditing Comm ittee:
E.
F r a n k l in
F.
, C h a r l e s A l m y , J o h n A m e e , E n o c h B e a n e , E . W . B il l in g s , A . H .
G. W .
D r iv e r , T h o m a s H a d l e y , J.
W . B . R e id , P .
O scar
H . H u b b a r d , Clerk o f the Corporation.
C ogsw ell, E noch B ea n e ,
R . C o g sw ell, John A m ee,
E.
H.
E . M ason ,
J. F.
L . N.
P ennell,
B rock.
W . B il l in g s , S. W . D r iv e r , J. H . H u b b a r d ,
P e r r in , F r e d e r ic k W o r c e s t e r , W . B . R e id , T h o m a s
H adley.
Deposits draw interest from fourth Thursday of January, April, July and October; dividends are
payable the Friday after the fourth Thursday of January and July. Business hours: 8 a . m . to
1 p . m . ; also on Thursdays from 8 a . m . to 4 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
$353,000
742.000
389.000
26,130
50.000
35.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
00
00
00
00
00
00
$1,595,130 00
Estimated
Market Value.
$353,395
684,182
376,235
46,908
48,000
31,325
Book Value.
$352,962
696,896
387,000
24,105
50,000
31,500
00
50
00
00
00
00
$1,540,045 50
1,044 loans on real estate (average o f each, H , 4 0 6 .S6)
.
.
.
.
.
56 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 9 5 ,0 0 0 ; assessed value, $ 9 5 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.,
.
80
25
00
00
00
00
$1,542,464 05
4,600,243
1,193,785
50,000
396
42,376
4,300
00
00
00
77
51
01
. $7,433,565 34
Total Assets
Liabilities.
,
Due depositors on 17,226 accounts, averaging $387.75 each
$6,679,310 08
(Accounts opened during year, 2 ,3 7 7 ; closed, 1 ,5 6 1 ; increase, 816)
Surplus: —
a. Guaranty fund ( 4 .9 8 o f deposits; increase during year, $ 1 9 ,8 0 0 )
b. Profit and loss (increase during year, $ 8 ,7 7 7 .5 2 )
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.
c. Discount .
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
332,500 00
303,571 63
$79,168 28
460 38
38,554 97
-----------------
118,183 63
. $7,433,565 34
No. 8.]
BANK COMMISSIONER;
51
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$7,834.11
$13,879.33
Cost per $1,000 of assets
1.05
1.87
Cost per $1,000 of assets not including State tax and rent,
Advertising.
$88.93
.01
.
.
Other Expenses.
Total.
$1,896 94 $23,699.31
.26
3.19
.
.
.
2.14
Gross income received during the year, $337,460.31.
Rates on Investments and Loans (Average on All, 4.73.% ).
(average rate, 4.96 per cen t.): 4%, $105,750; 4)4% , $150,000; 4)4% . $32,900; 4)4% .
$45,000; 5%, $4,175,293; 5)4% , $79,200; 6%, $12,100.
Personal loans (average rate, 4.52 per cent.): 4%, $85,000; 4)4% , $225,000; 4)4%, $305,000; 4)4% ,
$430,000; 4)4% , $25,000; 5%, $18,485; 5)4% , $3,000; 5)4% , $26,100; 6%, $76,200.
Bonds, Stocks, etc. (average rate on book values 4.22 per cent.): 3)4% , $350,000; 4%, $1,006,000; 4)4% ,
$84,000; 5%, $129,000; 7%, $10,600; 8%, $5,700; 10%, $3,000; 18%, $4,800.
Real estate loans
Number of loans not over $3,000 each, 589, amounting to $963,822.
140 real estate loans made during year, amounting to $535,210.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year Jan., 1912, 2% .
July, 1912, 2%' .
Number of deposits during year, 21,170, amounting to
.
$120,253 05
124,927 18
1,277,524 31
$1,522,704 54
1,114,022 44
Number of withdrawals during year, 15,108, amounting to
Net increase in amount due depositors
$408,682 10
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$60,000 Massachusetts 3)4s
30.000 Boston 4s
2.000 Bridgeport, Ct., 3)4s
25.000 Bridgeport, Ct., 4s
11.000 Fitchburg 4s
50.000 Holyoke 4s
20.000 Indianapolis, Ind., 4s
1.000 Manchester, N. H., 4s
1.000 Milwaukee, Wis., 5s
2.000 Minneapolis, Minn., 4)4s
2.000 New Bedford 3J4s
47.000 New Bedford 4s
65.000 Attleborough 4s
9.500 Mansfield 4s
1.500 Marblehead 4s
5.000 Wakefield 3)4s
Public Funds, Notes.
21,000 Wakefield 4s
$742,000
$353,000
D ate
Railroad Bonds.
$47,000 Boston & Albany 4s
5.000 Boston & Maine 3)4s
137,000 Boston & Maine 4s
15.000 Boston & Maine 4)^s
6.000 Boston & Providence 4s
1.000 Boston,Rev.Beach & L. 4)^s
47.000 C„ B. & Q. 3Ks
19.000 C„ B. & Q. 4s
26.000 Chicago & Northwestern 4s
25.000 Conn. & Pass. Rivers 4s
3.000 Conn. River 3)^s
1.000 Fitchburg 3J^s
1.000 Fitchburg 4s
5.000 Fitchburg 4p£s
62.000 Illinois Central 4s
38.000 Mil., L. S. & West. 5s
125,000 N. Y., N. H„ & H., 3}4s
50.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 4s
25.000 Penobscot Shore Line 4s
4,000 Ports., Gt. Falls & C’y 4p2S
15.000 St. J. & L. C. 5s
50.000 Washington Co. 3)^3
of
E x A M tN A T r O N , M a r c h
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11, 12, 13, 14.
* A legal investment when made.
Street Railway Bonds.
$100,000 Boston Elevated 4s
35.000 Boston Elevated 4)^s
25.000 Boston & Northern 4s
50.000 Lynn & Boston 5s
57.000 Springfield 4s
100,000 West End 4s
22.000 Worcester Consolidated 4)^s*
$389,000
Bank Stocks.
Shs.
30 Nl. Rockland Bk., Boston
52 Nl. Shawmut Bank, Boston
5 Nl. Union Bk., Boston
46 State Nl. Bk., Boston
58 Tremont Nl. Bk., Boston
48 Charles Riv. Nl. Bk., Cambridge
60 First Nl. Bk., New Bedford
REPORT OF THE
52
[Pub. Doc,
CAMBRIDGEPORT SAVINGS BANK, CAMBRIDGE.
689 M ASSACHUSETTS AVENUE.
Incorporated February 22, 1853.
H enry
Number of corporators, 40; number of trustees, 15.
E n d i c o t t , President.
H enry
J o s ia h
F.
W . B u l l a r d , Treasurer.
L a n e , Clerk o f the Corporation.
A. M . B a r n e s , H e r m a n B i r d , W . A. B u l l a r d , J. H . C o r c o r a n , W . W .
J. A. D ow , H e n r y E n d i c o t t , W e l l i n g t o n F i l l m o r e , C h a r l e s J a m e s , E. H . J o s e ,
L e a v i t t , G. A. S a w y e r , F. W . T i l t o n , E . C . W h e e l e r , H . H . W i n s l o w .
Board o f Trustees:
l in g e r
,
Board o f Investm ent: H
enry
E n d ic o t t ,
J. H.
W. W.
C orcoran,
D a l l in g e r ,
F. W .
T il t o n ,
D alE.
D.
E . C.
W heeler.
A uditing Comm ittee: E . C . W
h eeler
, C h a r l e s Ja m e s , E . D . L e a v it t .
Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable the third W ednesday of January and July. Business hours: 8.30 a . m . to 1.30 p . m . ;
Saturdays, 8.30 a . m . to 12 m . ; 5 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$974,000
712.000
241.000
11,750
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
$941,457
658,137
233,485
17,050
192,000
76,075
00
00
00
00
200.000 00
85,000 00
$2,223,750 00
50
50
00
00
00
00
$2,118,205 00
624 loans on real estate (average o f each, $ 5 ,6 0 6 .7 7 ) .
.
.
.
.
.
.
11
loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $ 2 0 0 ,0 0 0 ; assessed value, $ 2 1 9 ,0 0 0 ) .
.
Real estate b y foreclosure, etc. (assessed value, $ 1 4 0 ,8 1 0 ) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
Book Value.
$979,146
688,691
241,265
15,000
211,000
78,230
00
30
50
00
00
25
$2,213,333 05
3,498,627
204,968
257,000
126,708
2,824
15,960
17,419
26
75
00
15
49
40
61
. $6,336,841 71
Total Assets
Liabilities.
$5,946,900 00
Due depositors on 19,917 accounts, averaging $298.58 each
(Accounts opened during year, 2 ,6 8 4 ; closed, 1 ,7 9 6 ; increase, 888)
Surplus: —
а. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 8 ,0 0 7 .8 5 )
б. Profit and loss (increase during year, $ 2 ,7 3 3 .4 8 )
Current income
Interest
.
.
.
.
.
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
296,091 95
34,553 14
$64,050 68
4,754 06
59,296 62
. $6,336,841 71
BANK COMMISSIONER.
No. 8.]
53
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
$6,830.74
$10,166.25 $3,200.00 $230.68
Amount paid for
.04
Cost per $1,000 of assets
1.08
1.60
.50
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$2,441.19
$22,868.86
.39
3.61
2 .03
Gross income received during the year, $251,925.77.
Rates on Investments and Loans (Average on All, 4.44% ).
(average rate 4.87 per cen t.): 4%, $80,000; 4)^% , $705,399; 4 % % , $115,500; 5%,
$2,592,828.26; 53^%, $1,500; 6%, $3,400.
Personal loans (average rate, 4.23 per cent.): 4%, $34,968.75; 4)^%, $25,000; 4)^% , $105,000 ; 4J^%,
$15,000; 4 ^ % , $25,000.
Bonds, stocks, etc. (average rate on book values, 3.79 per cent.): 3%, $4,000; 3)4% , $100,000; 3)4% ,
$1,153,000; 4%, $825,000; 4M % , $25,000; 4)4% , $62,000; 5%, $18,000; 7%, $35,000.
Real estate loans
Number of loans not over $3,000 each, 359, amounting to $615,615.14.
82 real estate loans made during year, amounting to $298,060.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 26,562, amounting to
$108,602 66
110,754 64
1,186,764 31
$1,406,121 61
1,161,825 81
Number of withdrawals during year, 18,513, amounting to
Net increase in amount due depositors
$244,295 80
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$30,000 Massachusetts 3)4s
190,000 Boston 3)4s
30.000 Boston 4s
80.000 Cambridge 3)4s
20.000 Fall River 3)4s
21.000 Fitchburg 4s
25.000 Flint, Mich., 4)4s
96.000 Fort Wayne, Ind., 3)4s
25.000 Hartford, Ct., 3)4s
6.000 Haverhill 4s
30.000 Kansas City, Mo., 4s
2.000 Lansing, Mich., 4)4s
9.000 Lawrence 3)4s
10.000 Lawrence 4s
30.000 Malden 4s
40.000 Melrose 3)4s
15.000 New Bedford 4s
8.000 Newton 4s
100,000 Pittsburgh, Pa., 3)4s
4.000 Providence, R. I., 3s
4.000 Saginaw, Mich., 4s*
3.000 Salem 4s
5.000 Sioux City, Iowa, 4)4s
20.000 Somerville 4s
70.000 Springfield 3)4s
25.000 Woonsocket, R. I., 4s
D ate
op
E x a m in a t io n ,
$8,000 Hull 4s
3,000 Kingston 4s
20.000 Maynard 4s
10.000 Revere 3)4s
10.000 Westerly, R. I., 3)4s
Public Funds, Notes.
25,000 Lowell 4s
$712,000
$974,000
Railroad Bonds.
$25,000 Atch., Top. & S. Fe 4s
17.000 Bangor & Aroostook 5s
25.000 Baltimore & Ohio 3J4s
3,000 Boston & Albany 3)4s
60.000 Boston & Albany 4s
16.000 Boston & Lowell 4s
25.000 Boston & Maine 3)4s
25.000 Boston & Maine 4s
80.000 C., B. & Q. 3)4s
10.000 C., B. & Q. 4s
15.000 Ch., Rock Is. & Pac. 4s
22.000 Concord & Montreal 4s
50.000 Connecticut River 3)4s
Street Railway Bonds.
$20,000 Boston Elevated 4s
45.000 Boston Elevated 4J4s
20.000 Boston & Northern 4s
1,000 East Middlesex 5s
25.000 Springfield 4s
130,000 West End 4s
$241,000
Bank Stocks.
Shs.
50 Tremont Nl. Bk., Boston
100 Harvard Tr. Co., Cambridge
March 14, 15, 16, 18.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$13,000 Fitchburg 4s
50.000 Iowa, Minn. & Northw. 3)4s
100,000 Illinois Central 3)4s
40.000 Mani., Gr. Bay & N. 3J4s
70.000 N. Y „ N. H. & H. 4st
25.000 Penobscot Shore Line 4s
10.000 Portland & Ogdensburg 4)4s
6,000 St. Paul, Minn. & Man. 4s
25.000 Troy & Boston 7s
f $30,000 not a legal investment.
54
REPO RT OF THE
[Pub. Doc.
CANTON INSTITUTION FOR SAVINGS, CANTON.
576-580 W ASHINGTON STREET.
Incorporated M arch 4, 1835.
F b a n c is
Number of corporators, 28; number of trustees, 14.
D . D u n b a r , President.
Board o f Trustees: H .
F.
A m e s , Treasurer.
W alter
W . D u n b a r , Clerk o f the Corporation.
N a t h a n ie l
B u sw ell,
G.
F.
H . C apen, T. B. D raper,
D . D unbar, N . W . D unbar,
H . L . F en n o , A . E . F r e n c h , C . H . F r e n c h , I. C . H o rto n , J. P . L y n c h , E .
J. B . R o b in s o n , F . W . S u m n e r , G il b e r t T o l m a n .
Board o f Investm ent: F . D . D
Auditing Com m ittee:
F. D .
unbar
,
H.
D unbar,
H.
F. B u sw ell, H . L. F en no, E .
A. E.
French,
T . B.
D raper,
H .
R. R evere,
R . R e v e r e , G il b e r t T o l m a n .
F. W .
Sum ner,
I. C.
H orton.
Deposits draw interest from fifth day of January, April, July and October; dividends are payable
first Tuesday of April and October. Business hours: 8 a . m . to 12 m .; 1.30 to 4 p . m .; Saturdays,
8 a . m . to 12 m . ; also M onday evenings, 7 to 8.30, for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$75,000
232,000
50.000
11,300
16.000
00
00
00
00
00
$73,857
221,230
48,912
22,055
14,320
$384,300 00
159 loans on real estate (average o f each, $ 2 ,4 6 3 .9 9 ) .
17 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 1 2 ,3 5 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$380,375 00
.
.
.
Book Value.
50
00
50
00
00
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$75,000
230,087
48,825
11,300
14,230
00
50
00
00
00
$379,442 50
391,775
144,300
827
8,308
498
3,720
1,058
00
00
00
50
25
26
95
Total A s s e t s .......................................... $929,930 46
Liabilities.
Due depositors on 2,878 accounts, averaging $297.54 each
.
.
.
.
.
$856,313 78
.
.
.
42,660 00
27,184 71
(.Accounts opened during year, 3 2 3 ; closed, 2 8 1 ; increase, 43)
Surplus: —
a. Guaranty fund {4 -9 8 % o f dep osits; increase during year, $1 ,6 1 0 )
h. Profit and loss {decrease during year, $ 1 ,2 9 1 .8 6 )
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,945 25
173 28
3,771 97
T otal Liabilities
.
.
.
.
.
$929,930 46
No. 8.]
BANK COMMISSIONER.
55
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$2,361.53
$1,784.00
$292.50
$2.50
$534.52
$4,975.05
Cost per $1,000 of assets
2.54
1.92
.31
.57
5.34
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
2.49
Gross income received during the year, $40,413.99.
Rates on Investments and Loans (Average on All, 4.68% ).
(average rate, 5.09 per cen t.): 4%, $10,000; 4J^%, $26,000; 5%, $270,000; 5 } 4 % , $13,500;
5 K % . $31,950; 6%, $40,325.
Personal loans (average rate, 4.77 per cent.): 4)^% , $55,000; 4 M%, $60,000; 5%, $10,100; 5J^%, $19,000;
6% , $200.
Bonds, stocks, etc. (average rate on book values, 4.21 per cent.): 3)^% , $31,000; 4%, $292,000; 4J^%,
$30,000; 5%, $20,000; 6%, $7,500; 7%, $800; 12%, $3,000.
1Real estate loans
Number of loans not over $3,000 each, 132, amounting to $158,825.
26 real estate loans made during year, amounting to $76,150.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 2,332, amounting to
.
$15,970 04
16,303 23
140,323 75
.
$172,597 02
145,110 20
Number of withdrawals during year, 1,908, amounting to
Net increase in amount due depositors
$27,486 82
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 New Britain, Ct., 4s
20.000 Woonsocket, R. I., 4s
30.000 Canton 4s
5,000 Natick 4s
10.000 Orange 4s
$75,000
Railroad Bonds.
$5,000 Baltimore & Ohio 3L£s
5,000 Boston & Albany 4s
20.000 Boston & Lowell 4s
30.000 Boston & Maine 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 Boston & Providence 4s
10.000 C., B. & Q. 3^s
5.000 C., B. & Q. 4s
10.000 Concord & Montreal 4s
10.000 Delaware & Hudson 4s
21.000 Fitchburg 4s
5.000 Fitchburg 4)^s
16.000 Illinois Central 3L£s
20.000 Me. Cent. & E. & N. A. 4s
25.000 N. Y „ N. H. & H. 4s
10.000 No. Maine Seaport 5s
20.000 Old Colony 4s
$232,000
April 18.
* A legal investment when made.
Street Railway Bonds.
$15,000 Boston Elevated 4Hs
15.000 Boston & Northern 4s
10.000 West End 4}4b
10.000 Worcester Consolidated 5s*
$50,000
Eank Stocks.
Shs.
30 First National Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
50 Neponset Nl. Bk., Canton
25 Dedham Nl. Bank
56
REPO RT OF THE
[Pub. Doc.
CAPE ANN SAVINGS BANK, GLOUCESTER.
109 M AIN STREET.
Incorporated April 15, 1846.
R obert
R.
F e a r s , President.
D a n ie l
C onrad
Board o f Trustees:
R. R .
Number of corporators, 43; number of trustees, 11.
F ears,
D . T . B a b s o n , F . A.
E. S. G r i f f i n , G . H .
Board o f Investm ent: R . R . F
A uditing Comm ittee:
F. A.
ears,
F.
T.
B a b s o n , Treasurer.
R . H a n s o n , Clerk o f the Corporation.
A.
B ark er, F red
P e r k in s ,
B radley,
J. J.
S.
B a r k e r , J. J. P e w ,
B ark er, F red B radley,
E.
P ew ,
G. H.
T . J.
S. P.
C arroll,
L . P h il l ip s , L .
S.
F. C ook,
S im o n d s .
P . F . C o o k , E . L . P h il l ip s .
P e r k in s .
Deposits draw interest from third business day of January, April, July and October; dividends are
payable M ay 1 and November 1. Business hours: 9 a . m . to 3 p . m . ; also Saturdays, 6.30 to
8.30 p . m . for deposits only. During August, close at 1 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$217,500
207,000
90.000
57,375
50.000
25.000
00
00
00
00
00
00
.
.
.
.
.
.
101 loans on personal security
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 6 0 ,0 0 0 ; assessed
Real estate b y foreclosure, etc. (assessed value, $95,4-20) .
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
Book Value.
$217,500
200,815
86,787
123,680
44,750
23,000
$217,500
206,062
88,000
63,599
45,312
23,000
00
00
50
00
00
00
$696,532 50
$646,875 00
763 loans on real estate {average o f each, $ 2 ,0 3 1 .5 8 ) .
Less amount due on uncompleted loans .
.
.
Estimated
Market Value.
.
1,550,061
802,089
25,000
47,931
782
26,538
11,640
.
.
.
Total Assets
.
.
.
.
.
.
.
.
$643,474 66
$1,554,261 05
4,200 00
value, $ 5 0 ,0 0 0 )
.
00
50
00
66
50
00
.
.
.
.
.
05
65
00
55
89
23
19
$3,107,518 22
Liabilities.
Due depositors on 9,418 accounts, averaging $304.36 each
.
$2,866,508 50
(Accounts opened during year, 9 6 0 ; closed, 8 7 7 ; increase, 88)
Surplus: —
a. Guaranty fund (5 .2 3 % o f deposits; increase during year, none)
h. Profit and loss (increase during year, $ 2 0 ,2 7 0 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
$19,184 35
948 26
18,236
1,677
3,514
537
Unearned discount
Real estate suspense account
Due on foreclosure sales
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
150,000 00
67,043 82
Total Liabilities
.
09
67
60
54
. $3,107,518 22
57
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$4,665.76
$7,637.50
C ost per $1,000 of assets
1.50
2 .4 6
C ost per $1,000 of assets not including State tax and rent
Advertising. Other Expenses.
Total.
$25.00
$2,271.23
$14,599.49
.01
.73
4 .70
3.20
Gross income received during the year, $149,458.58.
Rates on Investments and Loans (Average on All, 4.99% ).
Real estate loans (average rate, 5.38 per cent.): 4%, $47,400; 4J^%, $198,000; 4 % % , $5,000; 5%, $546,673; 5 H % , $32,150; 6%, $720,838.05.
Personal loans (average rate, 4.60 per cent.): 3%, $4,800; 3 % % , $5,000; 4%, $98,000; 4J/g%, $85,000;
4 H % , $125,000; 4 ^ % , $75,000; 4J^%, $140,062; 5%, $135,707; 5M % . $30,000; 5 y 2% , $77,380;
6%, $26,140.65.
(average rate on book values, 4.56 per cent.): 3%, $14,000; 3 } i % , $84,000; 3.60%,
$15,000; 3.70%, $9,000; 3.75%, $10,000; 4%, $229,000; 4.05%, $10,000; 4 ^ % , $20,000; 4M % .
$10,000; V A % , $49,500; 5%, $117,900; 6%, $21,100; 7%, $25,700; 7 H % , $1,600; 8%, $14,200;
10%, $15,000.
B onds , stocks, etc.
Number of loans not over $3,000 each, 711, amounting to $750,103.05.
61 real estate loans made during year, amounting to $170,775.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
.
.
.
.
.
Oct., 1 9 1 2 , 2 % ..........................................
Number of deposits during year, 8,340, amounting t o .......................................... ..........
Number of withdrawals during year, 7,946, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$53,741 06
53,766 07
382,778 86
.
$490,285 99
426,475 50
.
$63,810 49
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$6,000 Akron, 0., 4s
5.000 Chicopee 4s
4.000 East Providence, R. I., 4s
5.000 Lynn 4s
2.000 Malden 5s
22.000 Milwaukee, Wis., 5s
5.000 Minneapolis, Minn., 4s
5.000 New Bedford 4s
2.000 Newton 3J^s
10.000 Omaha, Neb., 4}^s
5.000 Salem 4s
10.000 Syracuse, N. Y., 4^s
3,500 Troy, N. Y., 4j^s
Public Funds, Notes.
20.000 Leominster 4s
25.000 Lynn V /2s
10.000 Natick 4.05%
14.000 Needham 3s
10.000 Nashua, N. H., 5s
15.000 Reading 3.60%
10.000 Saugus 3.75% '
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 So. Portland, Me., 4)^s
9,000 West Brookfield 3.70%
$217,500
Street Railway Bonds.
$10,000 Boston Elevated 4s
25.000 Boston & Northern 4s
10.000 Lynn & Boston 5s
10.000 West End 4s
10.000 Western Mass. 5s
25.000 Wor. Consolidated 4Hs*
Railroad Bonds.
$10,000 Baltimore & Ohio 3}^s
53.000 Boston & Albany 4s
$90,000
5.000 Boston & Lowell 4s
22.000 Cedar Rapids & Mo. R. 7s
10.000 C., B. & Q. 3Ks
9.000 C., B. & Q. 4s
Bank Stocks.
2.000 C., Mil., & St. Paul 5s
Shs.
2.000 C., Mil., & St. Paul 6s
100
Merchants
Nl. Bk., Boston
12.000 Fitchburg 4s
100 Nl. Bk. of Commerce, Boston
3.000 Fre., E. & Miss. Valley 6s
142 Nl. Shawmut Bk., Boston
10.000 Holyoke & Westfield 4)^s
25 Old Boston Nl. Bk., Boston
12.000 Illinois Central V /2s
50 Second Nl. Bk., Boston
3.000 Michigan Central 5s
37 State Nl. Bk., Boston
25.000 N. Y., N. H. & H. 3^s
| 25 Tremont Nl. Bk., Boston
10.000 No. Maine Seaport 5s
16 Webster & Atlas Nl. Bk., Boston
1.000 P., Gt. Falls & Con. 4)^s
61 Cape Ann Nl. Bk., Gloucester
8.000 Rome, Watertown & Og. 5s
34 Gloucester Nl. Bk.
10.000 St. Johns. & Lake Ch. 5s
$207,000
July 15, 16, 17, 18, 19, 20.
* A legal investment when made.
[Pub. Doc.
REPO RT OF THE
58
CAPE COD FIVE CENTS SAVINGS BANK, HARWICH.
Incorporated March 16, 1855.
O l iv e r
Number of corporators, 35; number of trustees, 14.
E . E l d r e d g e , President.
A lph o n so
Joseph
Board o f Trustees: J o s h u a C
r ic k
, C . S. K e n t, W .
Sn o w ,
A . L.
row ell
M.
W eekes, H .
,
E.
K . C row ell, O.
K n o w les, J.
F.
A . C.
Snow ,
A.
W in s l o w , D .
Board o f Investm ent: A . C . S n o w , E . K . C
A uditing Comm ittee:
L.
W e e k e s , Treasurer.
K . R o b b i n s , Clerk o f the Corporation.
W. M.
row ell
E.
E ldredge,
M.
W . H ow ard, John K en-
N ic k e r s o n , J . K . R o b b in s , E m u l o u s S m a l l ,
L.
A.
C.
Y oung.
, O . E . E l d r e d g e , J o sh u a C r o w e l l , J o h n K e n r ic k .
K n ow les,
J.
K . R o b b in s .
Deposits draw interest from second W ednesday of January, April, July and October; dividends arepayable second W ednesday of April and October. Business hours: 9 a . m . to 1 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
-n Tj-.i...
Par Value.
Assets.
$58,200
461,000
45.000
17,700
25,000
15,765
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
Estimated
Market Value.
00
00
00
00
00
00
$622,665 00
$58,100
431,825
42,900
31,931
22,375
19,130
Book Value..
00
00
00
00
00
00
$606,261 00
$58,200
457,670
44,906
17,701
22,700
15,765
$616,942 25
420,711
435,786
1,500
24,277
12,000
1,580
350 loans on real estate (average o f each, $ 1 ,2 0 2 .0 8 ) .
82 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $ 3 ,0 0 0 ; asset ed value, $ 1,750)
Real estate b y foreclosure, etc. (assessed value, $ 2 7 ,2 0 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
00
00
25
00
00
00
66
00
Ò0
34
00
47
$1,512,797 72
Total Assets
Liabilities.
.
Due depositors on 4,107 accounts, averaging $340.22 each
$1,397,302 96
( Accounts opened during year, 84-1; closed, 2 8 2 ; increase 59)
Surplus: —
a. Guaranty fund {4 .9 5 % o f deposits; increase during year, $ 2 ,5 3 6 )
b. Profit and loss {increase during yea r, $ 3 ,7 5 5 .0 2 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
Total Liabilities
69,136 00
38,726 09
$4,959 28
350 83
4,608 45
3,024 22
.
.
.
$1,512,797 72
No. 8.]
BANK COM M ISSIONER.
59
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,355.33
$4,294.17
$100.00
$14.50
$921.19
$9,685.19
Cost per $1,000 of assets
2 ,88
2 .84
.07
.01
.61
6.41
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.46
Cross income received during the year, $67,062.37.
Rates on Investments and Loans (Average on All, 4.55% ).
Real estate loans
(average rate 5.33 per cent.): 4J^%, $13,500; 5%, $279,481.80; 6%, $110,758; 7% ,
$16,971.86.
(average rate, 4.51 per cent.): 4%, $15,000; 4M%> $85,000; 4H % , $145,000 ; 43/2%,
$125,000; 5%, $34,000; 5M % , $20,000; 6%, $11,786.
(average rate on book values 4.06 per cent.): 1.05%, $15,665; 3 % % , $60,000; 4% ,
$449,900; 4J£%, $2,000; 4J^%, $62,300; 5%, $15,000; 6%, $6,900; 7%, $10,800.
Personal loans
B onds, stocks, etc.
Number of loans not over $3,000 each, 390, amounting to $182,461.36.
43 real estate loans made during year, amounting to $41,295.75.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 2,240, amounting to
$26,227 24
26,309 18
180,897 06
Number of withdrawals during year, 2,177, amounting to
$233,433 48
182,128 44
Net increase in amount due depositors
$51,305 04
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Chicago, 111., 4s
Public Funds, Notes.
15.000 Essex Co. 5s
9.300 Chatham 4)^s
2,600 Dennis 4s
13.000 Dennis 4J^s
4.000 Eastham 4J^s
1.300 Harwich 4s
3.000 Harwich 4)^s
Railroad Bonds.
$65,000 Boston & Albany 4s
100,000 Boston & Maine 4s
70.000 Chic. & Northw. 4s
10.000 C„ B. & Q. 4s
25.000 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
10.000 Illinois Central 3J/£s
50.000 N. Y „ N. H. & H. 3J^s
55.000 N. Y., N. H. & H. 4st
21.000 Old Colony 4s
20.000 Pitts., Va. & Charleston 4s
15.000 Vermont Valley 4)^s
$58,200
$461,000
D ate
of
E x a m in a t io n ,
$45,000
Bank Stocks.
Shs.
50 Fourth-Atlantie Nl. Bk., Boston
31 Nl. Bk. of Commerce, Boston
15 Nl. Bk. of the Republic, Boston
46 State Nl. Bk., Boston
38 Cape Cod Nl. Bk., Harwich
12 First Nl. Bk., Yarmouthport
July 22, 23.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$25,000 Boston Elevated 4s
20,000 Worcester Consolidated 4J^s*
t $15,000 not a legal investment.
60
REPO RT OF THE
[Pub. Doc.
CENTRAL SAVINGS BANK, LOWELL.
58
Incorporated March 3, 1871.
CENTRAL STREET.
Number of corporators, 58; number of trustees, 21.
C l a r e n c e W . W h i d d e n , President.
A r t h u r J . M u r k l a n d , Treasurer.
H e n r y W . B a r n e s , Clerk o f the Corporation.
Board o f Trustees: F r e d e r i c k A
yer
W.
, H . S. B a co n , H .
C. S . L i l l e * , P . S . M a r d e n , G.
F. K. S t e a r n s , W . T . S h e p p a r d , P .
C. W . W i l d e r , S . N. W o o d , G. W . Y
Barn es,
W . E. H a l l , G. L . H u n t o o n ,
G. P o l l a r d , H . G. P o l l a r d ,
T . T r u l l , C. W . W h i d d e n ,
J. E . L a m o u r e u x ,
F . M a r t in , A .
A m asa P r a t t ,
F . S u l l iv a n , L .
F.
N.
W ie r ,
Board o f Investm ent:
A . G.
P ollard,
Auditing Comm ittee:
H. W .
B arn es,
W . E.
F. K .
oung
.
H a l l , A m asa P r a t t ,
Stearn s,
H. G.
C. W .
W h id d e n ,
C. W .
W il d e r .
P ollard.
Deposits draw interest from first Saturday of February, M ay, August and Novem ber; dividends are
payable first Saturday of M a y and November. Business hours: 9 a . m . to 1 p . m . ; also Saturdays
7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Assets.
Par Value.
Market Value.
8657,424
790.000
60,000
12,200
130.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. C o. bonds
00
00
00
00
00
$1,649,624 00
$642,125
759,982
56,850
18,210
116,350
13
50
00
00
00
Book Value.
$657,424
784,637
57,900
12,200
116,875
00
00
00
00
00
$1,593,517 63 $1,629,036 00
1,450 loans on real estate (average o f each, $2,877.4-9)
.
.
.
.
.
63 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 4 0 ,0 0 0 ; assessed value, $ 3 2 ,8 5 0 )
Real estate b y foreclosure, etc. (assessed value, $ 7 0 ,7 2 5 ) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
4,172,367 00*
302,125 25
38,618 57
50,675 00
3,216 32
184,423 44
31,310 00
Total A s s e t s .......................................... $6,411,771 53
Liabilities.
. $5,948,821 03
Due depositors on 14,610 accounts, averaging $407.17 each
{Accounts opened during year, 8 ,1 8 8 ; closed, 1 ,7 6 4 ; increase, 1,4 1 9 )
Surplus: —
a. Guaranty fund {4 .9 2 % o f deposits; increase during year, $ 1 2 ,6 0 0 )
b. Profit and loss {increase during year, $ 5 ,3 2 7 .9 8 )
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Current earnings
.
.
.
.
.
.
.
.
Interest received in advance .
.
.
.
.
.
.
293,000 00
42,684 04
$776 94
126,221 37
-----------------
.
126,998 31
268 20
Total L ia b ilitie s ...........................................$6,411,771 53
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$7,822.55
$16,165.00 $2,000.00 $736.70
$6,214.15
$32,938.40
Cost per $1,000 of assets
1.22
2 .5 2
.31
.11
.97
5 .13
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3 .60
Gross income received during the year, $286,442.11.
* This amount is in excess of the legal limit, but the matter has since been corrected.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
BANK COMMISSIONER
No. 8.]
Rates on Investments and Loans (Average on All, 4.72% ).
(average rate, 5.01 per cent.): 4%, $66,840; 4M%> $193,215; 5% , $3,633,727; 5M % .
$137,475; 6%, $141,110.
Personal loans (average rate, 4.55 per cent.): 4 $ 2 5 , 0 0 0 ; 4 M % . $236,842; 5%, $39,195; 6%, $1,088.25.
B onds, stocks, etc. (average rate on book values, 3.99 per cent.): 3M%> $354,660; 3M % . $8,000; 3 % % ,
$2,500; 4%, $1,171,264; 4M % , $15,750; 4M % , $80,250; 5%, $10,000; 8%, $7,200.
Real estate loans
Number of loans not over $3,000 each, 1,082, amounting to $1,547,836.25.
188 real estate loans made during year, amounting to $529,190.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
.
.
.
.
.
$110,571 89
M ay, 1 9 1 2 , 2 % .......................................... 112,441 91
Number of deposits during year, 20,868, amounting to
.
.
.
.
.
915,871 25
Number of withdrawals during year, 10,298, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
$1,138,885 05
930,154 50
.
.
.
.
$208,730 55
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$65,000 Massachusetts 3Ms
4.000 Middlesex Co. 4s
4.000 Barre, Vt., 4s
52.000 Boston 3Ms
35.000 Boston 4s
6.000 Brockton 4s
10.000 Cambridge 4s
1.000 Chicopee 3Ms
2.000 Chicopee 4s
5.000 Everett 4s
15.000 Fall River 4s
3.000 Haverhill 4s
15.000 Holyoke 4s
2.000 Lawrence 4s
7,500 Lowell 4s
12.000 Lynn 3Ms
3.000 Lynn 4s
11.000 Malden 4s
15.000 Medford 4s
2.000 Melrose 4s
15.000 New Bedford 3Ms
1.000 New Bedford 4s
6.000 Newton 4s
20.000 Pittsfield 3Ms
3.000 Providence, R. I., 4s
1.000 Quincy 4s
3.000 Taunton 3Ms
6.000 Taunton 4s
6.000 Woburn 4s
7.000 Abington 4s
1.000 Arlington 4s
11.000 Athol 4s
24.000 Bedford 4s
22.000 Billerica 3Ms
3.000 Billerica 4s
$2,000 Boothbay Harbor, Me., 4s
5.000 Brookline 3Ms
7.000 Clinton 3Ms
1.000 Dedham 3Ms
15.000 E. Bridgewater 4s
6.000 Framingham 3Ms
3.000 Ipswich 4s
3.000 Lincoln 4s
17.000 Methuen 4s
10.000 Milton 3Ms
2.000 Needham 4s
5,300 North Attleboro 4s
10.000 Revere 3Ms
2.000 Sharon 4s
4.000 Stoughton 4Ms
1,800 Ware 4s
2.000 Warren, R. I., 3Ms
3.000 Watertown 4s
12.000 Winchester 3Ms
25.000 Augusta, Me. (W. D.), 4s
64.000 North Chelm. (F. D.), 4s
P u b lic F u n d s, N otes.
6,414 Everett 4s
1.500 Lowell 3Ms
7.000 Billerica 4s
2.500 Chelmsford Z%a
15,750 Chelmsford 4Ms
3,250 Chelmsford 4Ms
160 Dunstable 3Ms
3.000 Mansfield 4s
4.500 Revere 4s
8.000 Tewksbury 3Ms
6.000 Tewksbury 4s
750 Tyngsboro 4s
$657,424
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
February 26, 27, 28, 29, March 1.
Railroad Bonds.
$25,000 Beech Creek 4s
10.000 Boston & Albany 3Ms
51.000 Boston & Albany 4s
46.000 Boston & Lowell 4s
65.000 Boston & Maine 4s
35.000 Boston & Maine 4Ms
10.000 B. & N. Y. Air Line 4s
25.000 C., B. & Q. 3Ms
15.000 C., B. & Q. 4s
25.000 Cleveland & Pitts. 3Ms
10.000 Concord & Montreal 4s
120.000 Fitchburg 4s
37.000 Fitchburg 4Ms
55.000 New England R.R. 4s
100.000 N. Y., N. H. & H. 4s
25.000 Old Colony 3Ms
75.000 Old Colony 4s
30.000 Portland & R. Falls 4s
1.000 P., Gt. Fall & Con. 4Ms
5.000 Rome, W. & Ogdensburg 5s
25.000 Washington Co. 3Ms
$790,000
Street Railway Bonds.
$50,000 Boston Elevated 4s
10,000 West End 4s
$60,000
Bank Stocks.
Shs.
50 Old Lowell Nl. Bk., Lowell
72 Union Nl. Bk., Lowell
62
REPORT OF THE
[Pub. Doc.
CHARLESTOWN FIVE CENTS SAVINGS BANK, BOSTON.
1
THOMPSON SQUARE (CHARLESTOWN DISTRICT).
Incorporated April 7, 1854.
C harles
Number of corporators, 38; number of trustees, 21.
F . B t a m , President.
Board o f Trustees: C . F . B
W il l ia m
F red
E.
, M .
E.
tam
S. C l e m o n s, F r a n k D o w ,
G r im m o n s , S . T . H a r r is , W . P . H a r t , C . B . J o p p , L .
A.
J.
P . H a r t , Treasurer.
C o a t e s , Clerk o f the Corporation.
W . P a t c h , G . H . P e n d e r g a s t , C . D . S a w in ,
A.
E.
J.
H . G ib b s , W . S. G l id d e n , C .
A.
M e r r y , G . P . N ason , F . V . N oyes,
W . St o v e r , W . W . St o v e r ,
E.
L . Sw eetser,
F . W e l l in g t o n , C l in t o n W h it e , G e o r g e W h it in g .
Board o f Investm ent: C . F . B
yam
, G.
H.
P e n d e r g a s t , C l in t o n
W h it e , W .
S.
G l id d e n , G e o r g e
W h it in g .
A uditing Comm ittee: J . F . W
e l l in g t o n
,
A.
W . P atch , F . V . N oyes, L .
E.
M erry, M .
E.
S. C lem o n s.
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third W ednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays,
9 a . m . to 12 m .; also Wednesdays, 3 to 5 p .m ., and M ondays, for deposits only, 6.30 to 8.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$1,283,000
874,400
150.000
230,325
110.000
159,000
65,425
00
00
00
00
00
00
00
$2,872,150 00
1,089 loans on real estate (average o f each, $ 4 ,5 9 2 .1 7 )
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
$1,280,247
864,652
150,587
600,277
105,600
142,305
57,500
Book Value.
50
00
50
00
00
00
00
$3,201,169 00
00
50
00
00
00
75
00
$2,814,053 25
$5,033,574 00
32,700 00
5,000,874
3,456,363
70,000
210,926
14,068
147 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 8 0 ,0 0 0 ; assessed value, $ 8 5 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
$1,277,825
862,952
149,225
230,127
110,000
143,498
40,425
00
00
00
09
74
. $11,565,285 08
Liabilities.
Due depositors on 22,563 accounts, averaging $466.16 each
. $10,518,032 90
Accounts opened during year, 3 ,1 7 9 ; closed, 2 ,3 6 2 ; increase, 817)
Surplus: -—
a. Guaranty fund (4 .9 2 % o f deposits; increase during year, $ 3 7 ,5 0 0 )
h. Profit and loss (decrease during year, $ 2 1 ,7 8 7 .2 0 ) .
Current income: —
a. Interest .
.
.
.
.
.
.
$54,215 20
b. Rent
.
.
.
.
.
.
.
2,495 42
518,000 00
479,163 52
$56,710 62
Less current expenses not charged off
Less State or local taxes not charged off .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,227 96
1,394 00
5,621 96
-----------------
Total Liabilities .
51,088 66
. $11,566,285 08
No. 8.]
BANK COMMISSIONER.
63
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$24,823.80 $21,166.18
$2,500.00
$19.05
$1,868.95 $50,377.98
Cost per $1,000 of assets
2 .15
1.83
.22
.16
4 .36
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.99
Gross income received during the year, $496,618.93.
Rates on Investments and Loans (Average on All, 4.72% ).
(average rate, 4.80 per cent.): 4%, $263,500; 4J^%, $89,500; 4J^%, $1,402,300; 4M % ,
$86,200; 5%, $3,056,704; 5 } 4 % , $73,205; 6%, $29,465.
Personal loans (average rate, 4.73 per cent.): 4%, $155,000; 4J^%, $59,500; 4 % % , $707,768; 4% % ,
$398,000; 4 ^ % , $859,670; 4 % % , $105,300; 4 ^ % , $39,000; 5%, $67,250; 5 % % , $328,375; 5 ^ % ,
$565,000; 6%, $171,500.
Bonds, stocks, etc. (average rate on book values, 4.56 per cent.); 2.55%, $65,425; 3J^%, $239,000;
4%, $1,487,300; 4 ^ % , $740,000; 5%, $94,500; 6%, $65,000; 7%, $23,400; 8%, $70,000; 10%,
$22,400; 12%, $62,500.
Real estate loans
Number of loans not over $3,000 each, 683, amounting to $1,077,651.
128 real estate loans made during year, amounting to $1,234,200,
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 22,991, amounting to
.
$191,230 52
199,791 80
1,760,940 47
.
$2,151,962 79
1,413,166 86
Number of withdrawals during year, 17,160, amounting to
Net increase in amount due depositors
$738,795 93
SCHEDULE OP SECURITIES OWNED.
$15,000 Troy, N. Y „ 4s
Public Funds, Bonds.
10.000 Waterbury, Ct., 4J^s
$113,000 Massachusetts 3Hs
25.000 Youngstown, 0., 5s
25.000 Augusta, Me., 4s
1.000 Belmont 4s
176,000 Boston 4s
18.000 Brookline 4s
3.000 Bridgeport, Ct., 4s
11.000 Great Barrington 4s
20.000 Chelsea 4s
30.000 Lexington 4s
35.000 Fall River 4s
9.000 MethueD 4s
5.000 Fort Wayne, Ind., 6s
16.000 Natick 4s
25.000 Grand Rapids, Mich., 4)^s
18.000 Revere 4s
10.000 Hartford, Ct., 4s
12.000 Wakefield 4s
38.000 Holyoke 4s
9.000 Watertown 4s
41.000 Kansas City, Mo., 4J/£s
5.000 Kansas City, Mo., 5s
$1,283,000
45.000 Malden 4s
50.000 Manchester, N. H., 5s
Railroad Bonds.
50.000 Medford 4s
$20,000 Boston & Maine 4s
4.000 Melrose 4s
280.000 Boston & Maine 4)^s
39.000 Milwaukee, Wis., 4s
26,400 Burlington & Mo. Riv. 6s
66.000 New Bedford 4s
10.000 C., B. & Q. 4s
5.000 New Haven, Ct., 4s
59.000 Cleveland & Pitts. 4}^s
50.000 Newton 4s
25.000 Concord & Claremont 4}^s
75.000 Philadelphia, Pa., 4s
50.000 Concord & Montreal 4s
5.000 Pittsburgh, Pa., 4s
66.000 Fitchburg 4s
75.000 Pittsburgh, Pa., 4J^s
150.000 Fitchburg 4J^s
25.000 Pittsfield 4s
30.000 New England 4s
76.000 Providence, R. I., 4s
16.000 N. Y. C. & H. R. 3^s
1.000 Reading, Pa., 4s
125.000 N. Y., N. H. & H. 4s
2.000 Scranton, Pa., 4s
17.000 Penn. R.R. 4sf
1.000 So. Bend, Ind., 4s
30.000 Somerville 4s
$874,400
14.000 Taunton 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
March 18, 19, 20, 21, 22.
t N ot a legal investment.
Street Railway Bonds.
$50,000 Boston Elevated 4Kis
75.000 West End 4s
25.000 West End 4Hs
$150,000
Bank Stocks.
Shs.
12 Andover Nl. Bk.
145 Boylston Nl. Bk., Boston
250 Commonwealth Tr. Co., Boston
500 Continental Nl. Bk., Boston
275 Eliot Nl. Bk., Boston
625 First Nl. Bk., Boston
150 First Ward Nl. Bk., Boston
263 Nl. Bk. of Commerce, Boston
342 Nl. Bk. of the Republic, Boston
27 Nl. Mark. Bk. of Brighton, Boston
24 Second Nl. Bk., Boston
123 State Nl. Bk., Boston
111 Webster & Atlas Nl. Bk., Boston
150 Home Nl. Bk., Brockton
13 Conway Nl. Bk.
75 Wachusett Nl. Bk., Fitchburg
25 Union Nl. Bk., Lowell
50 Essex Tr. Co., Lynn
34 Blue Hill Nl. Bk., Milton
64
REPORT OF THE
[Pub. Doc,
CHELSEA SAVINGS BANK, CHELSEA.
267 BROADW AY.
Incorporated April 29,1854.
B e n j a m in
F . D o d g e , President.
A l b e r t A . F i c k e t t , Treasurer.
A l ic e
Board o f Trustees:
W . A.
D unham , John
A. S.
Number of corporators, 98; number of trustees, 30.
H a r r is , F .
B aston , G .
E gan, E .
P.
M . H u t c h i n s , Clerk o f the Corporation.
F.
H.
A. T .
A. A.
W.
B uck,
E n d ic o t t ,
H ersom , E . R . H oag, R .
W.
C o l l ie r ,
E . H opper, F.
W . L . M a r t in , W . E . M cC l in t o c k , D . J . M c G iv e r n , O t is
M u r r a y , J . M . P u t n a m , C . G . R o b e r t s , W il l ia m
J.
W.
St ic k n e y , L .
Board o f Investm ent:
K.
A. T.
F.
B . D e n is o n , B .
F ic k e t t , Ja m e s
D odge, G .
G o u l d , W il l ia m
W.
K im b a l l ,
S.
H.
G rantm an,
J . L it t l e f ie l d ,
M e r r ia m , G . E .
M o r r il l , P . J.
R o b in s o n , J . B . S h u r t l e f f , J. C . S m it h ,
W ash bu rn .
C o l l ie r , B .
F.
D o d g e , W il l ia m
G rantm an, G .
E.
M o r r il l ,
C.
G .
R oberts.
A uditing Committee: W . A . B
aston
,l W . B . D e n i s o n , W . E . M c C l i n t o c k .
Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable
the fifteenth day of April and October. Business hours, 8 a .m . to 1 p . m . ; also Saturdays, for
deposits only, 4 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$584,350
623.000
130.000
18,600
75,000
$1,430,950 00
1,365 loans on real estate (average o f each, $8 ,5 8 4 -9 4 )
Less amount due on uncompleted loans .
.
.
.
.
.
•
.
$590,520
594,527
123,425
33,555
67,125
00
00
00
00
00
.
Total Assets
.
25
50
00
00
00
$1,409,152 75
$3,480,489 00
20,300 00
----------------------.
.
.
89 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated va(ue, $ 8 6 ,5 0 0 ; assessed value, $ 7 9 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash,
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$584,200
597,500
128,375
17,900
68,177
.
.
.
.
.
•
00
50
00
00
50
$1,396,153 00
3,460,189
1,595,865
40,476
46,928
6,334
00
00
94
43
18
.
.
.
.
$6,545,946 55
.
.
.
.
$5,914,546 29
Liabilities.
Due depositors on 19,914 accounts, averaging $297 each
.
.
(Accounts opened during year, 8 ,1 4 4 ; closed, 8 ,4 9 5 ; increase, 649)
Surplus: —
а. Guaranty fund (4 .8 9 % o f deposits; increase during year, $ 1 8 ,9 0 0 )
б. Profit and loss (increase during year, $ 1 5 ,3 1 0 .9 6 ) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
Insurance collected
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
.
.
.
.
.
.
289,500 00
304,023 32
.
.
36,818 94
1,058 00
.
$6,545,946 55
No. 8.]
BANK COMMISSIONER.
65
Total Expenses for the Year, including State Taxes.
. State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$9,519.09 [$15,541.12
$3,500.00 $348.46
Cost per $1,000 of assets
1.45
2 .3 7
.53
.05
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$1,701.14 $30,609.81
.26
4.66
.
.
.
2 .68
Gross income received during the year, $291,131.71.
Rates on Investments and Loans (Average on All, 4.78% ).
(average rate, 5.07 per cent.): 4J^%, $15,300; 5%, $3,121,712; 5)^% , $127,5951
6%, $195,582.
Personal loans (average rate, 4.66 pei cent.): 4%, $35,000; 4}£%> $555,000; 4 % % , $145,000; 4J^%,
$291,000; 5%, $237,800; 5M % , $100,000; 5%%, $25,000; 5 ^ % . $201,500; 6%, $5,565.
Bonds, stocks, etc. (average rate on book values, 4.21 per cent.): 3%, $45,000; 3H % , $50,000; 4%,
$1,093,350; 4J^%, $130,000; 5%, $65,000; 5M%- $2,500; 6%, $34,200; 7%, $8,700; 8%, $1,500.
Real estate loans
Number of loans not over $3,000 each, 993, amounting to $1,738,619.
175 real estate loans made during year, amounting to $546,425.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; April, 1912, 2%
Oct., 1 9 1 2 , 2 %
Extra dividends declared during year:
April, 1912, J^%
Oct., 1912,
Number of deposits during year, 35,123, amounting to
.
.
.
.
.
..........................................
.
.
.
.
.
..........................................
.
.
.
.
Number of withdrawals during year, 19,873, amounting to
.
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$105,133
108,478
26,249
13,575
1,350,983
$1,604,421 50
1,239,645 22
$364,776 28
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3J^s
148,000 Boston 4s
60.000 Brockton 4s
35.000 Chelsea 4s
25.000 Everett 4s
30.000 Fall River 4s
25.000 Lewiston, Me., 4s
35.000 Los Angeles, Cal., 4J^s
15.000 McKeesport, Pa., 4s
5.000 Melrose 4s
25.000 New Bedford 4s
20.000 New Haven, Ct., 4s
10.000 Quincy 4s
5.000 So. Bend, Ind., 4s
20.000 Springfield, Mo., 5s
45.000 Waterbury, Ct., 4J^s
3.000 Abington 4s
20.000 Attleborough 4s
10.000 Gardner 4s
2.000 Mansfield 4s
31.000 Norwalk, Ct., 4s
12.000 Wakefield 4s
Public Funds, Notes.
$14,000 Ipswich 4s
4,350 Revere 4s
$584,350
Railroad Bonds.
$3,000 Aroostook North. 5s
22.000 Atch., Top. & Santa F6 4s
5.000 Boston & Albany 4s
25.000 Boston & Lowell 4s
8.000 Boston & Maine 4s
55.000 Boston & Maine 4Hs
20.000 Boston & Providence 4s
20.000 Boston, R. B. & Lynn 4Hs
7.000 Burlington & Mo. Riv. 6s
70.000 C., B. & Q. 4s
35.000 Chicago, R. I. & Pacific 4s
32.000 Chicago & Northwest. 5s
22.000 Chicago & Northwest. 6s
10.000 Delaware & Hudson Co. 4s
24.000 Fitchburg 4s
45.000 Illinois Central 3s
15.000 Illinois Central 4s
D a t e op E x a m in a t io n , March 18, 19, 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $10,000 not a legal investment.
78
65
86
55
66
$15,000 Michigan Central 4s
25.000 N. Y. & N. E. Term. 4s
25.000 N. Y., N. H. & H. 3^s
75.000 N. Y., N. H. & H. 4sf
10.000 No. Maine Seaport 5s
20.000 Norwich & Wore. 4s
35.000 Old Colony 4s
$623,000
Street Railway Bonds.
$40,000 Boston Elevated 4s
15.000 Boston Elevated 4Hs
25.000 Boston & Northern 4s
50.000 West End 4s
$130,000
Bank Stocks.
Shs.
52 Nl. Bk. of Commerce, Boston
87 State Nl. Bk., Boston
15 Tremont Nl. Bk., Boston
25 Chelsea Trust Co.
15 Union Nl. Bk., Lowell
5 Nl. Exchange Bk., Salem
66
REPO RT OF THE
[Pub. Doc,
CHICOPEE SAVINGS BANK, CHICOPEE.
14 SPRINGFIELD STREET.
Incorporated February 27, 1845.
John
Number of corporators, 56; number of trustees, 17,
B . W o o d , President.
C h a r l e s J . S e a v e r , Treasurer.
L u t h e r W h i t e , Clerk o f the Corporation.
Board o f Trustees: L . A . A
um ann
,
G.
C . J . D r is c o l l , W . J . F u l l e r ,
A . B l a is d e l l ,
E.
N. B.
C arter, C.
G . G a y l o r d , J. M . G r is e , L .
E.
E.
C rehore, F.
X.
D e r o in ,
H it c h c o c k , A . J. J e n k s ,
F . P . L u d w ig , H . A . M o r s e , J. L . P e a s e , C . A . T a y l o r , L u t h e r W h it e , J. B . W o o d .
Board o f Investm ent:
J. B.
A uditing Comm ittee:
N. B.
N. B.
W ood,
Carter,
C arter,
A. J.
Jen k s,
W . J.
F u ller,
H. A.
E. G.
G aylord.
M orse.
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12.30 p . m . ; also
Fridays, 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
P ublic funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds .
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
$109,000
405,000
100,000
11,600
45,000
.
00
00
00
00
00
$670,600 00
Estimated
Market Value.
$109,955
364,975
94,325
17,760
40,275
Book Value.
62
00
00
00
00
$627,290 62
$109,934
400,590
99,225
14,200
41,612
$665,561 75
1,348,392
223,785
850
35,616
1,908
628 loans on real estate (average o f each, $2,14.7.12) .
42 loans on personal security
.
.
.
.
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items .
.
.
.
.
25
00
00
00
50
00
00
50
25
61
Total Assets
$2,276,114 11
Due depositors on 4,341 accounts, averaging $492.23 each
$2,136,759 05
Liabilities.
(Accounts opened during year, 7 6 7 ; closed, 6 3 2 ; increase, 135)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during yea r, $ 4 ,3 0 0 ) .
h. Profit and loss (increase during year, $ 3 ,7 3 6 .4 2 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
Total Liabilities .
.
106,800 00
23,431 87
$10,401 82
1,714 68
8,687 14
436 05
. $2,276,114 11
BANK COMMISSIONER.
No. 8.]
67
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$4,179.72
$3,752.24 $420.00
Cost per $1,000 of assets
1.84
1.65
.18
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$21.70
.01
.
.
.
Other Expenses.
$1,406.97
.62
.
.
Total.
$9,780.63
4 .3 0
2 .2 8
Gross income received during the year, $102,344.20.
Rates on Investments and Loans (Average on All, 4.67% ).
Real estate loans
(average rate, 4.97 per cent.): 4 % % , $6,500; 4 A % , $51,000; 4 % % , $14,000; 5%,
$1,276,892.
Personal loans (average rate, 5.08 per cent.): 5%,
Bonds, stocks, etc. (average rate on book values,
$193,435; 5J^%, $15,350; 5M%> $15,000.
3.91 per cent.): 3%, $5,000; 3J^%, $239,000; 3M % .
$11,000; 4%, $349,000; 4 H % , $55,000; 5%, $6,600; 7%, $5,000.
Number of loans not over $3,000 each, 547, amounting to $748,512.
131 real estate loans made during year, amounting to $220,045.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 5,069, amounting to
.
.
.
.
.
.
..........................................
.
.
.
.
Number of withdrawals during year, 3,476, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$39,736 64
40,631 19
443,979 59
.
$524,347 42
437,268 88
.
$87,078 54
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3Ms
10.000 Boston 4s
25.000 Los Angeles, Cal., 4)^s
5.000 Lowell 4s
15.000 New Bedford 4s
25.000 Omaha, Neb., 4 A s
3.000 Quincy 4s
5.000 Amesbury 4s
Public Funds, Notes.
11.000 Chicopee 3Ms
$109,000
Railroad Bonds.
$25,000 Boston & Albany 3^s
25.000 Boston & Maine 3A&
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 Boston & Maine 4s
5.000 Boston & Maine i A s
48.000 C„ B. & Q. 3A s
5.000 Chicago & Northwestern 4s
30.000 Chic., R. I. & Pac. 4s
25.000 Conn. River 3 A s
22.000 Conn. River 4s
20.000 Fitchburg 3 A s
34.000 Fitchburg 4s
5.000 Illinois Central 3s
30.000 Illinois Central 3 A s
5.000 Illinois Central 4s
2.000 Michigan Central 3 A s
5.000 Michigan Air Line 4s
40.000 N. Y., N. H. & H. 3^s
45.000 N. Y., N. H. & H. 4sf
9.000 Old Colony 3 A s
5.000 Sioux City & Pac. 3 A s
$405,000
June 4, 5, and 7.
f $10,000 not a legal investment.
Street Railway Bonds.
$55,000 Boston Elevated 4s
10.000 Boston & Northern 4s
30.000 Springfield 4s
5,000 West End 4s
$100,000
Bank Stocks.
Shs.
66 Chapin Nl. Bk., Springfield
50 Union Tr. Co., Springfield
REPORT OF THE
[Pub. Doc,
X
CHICOPEE FALLS SAVINGS BANK, CHICOPEE FALLS.
105 MAIN STREET.
Incorporated M ay 11, 1875.
G eorge
M . M o r t o n , President.
E ugene
Board o f Trustees:
W.
Number of corporators, 46; number of trustees, 20.
John
B . K n i g h t , Treasurer.
J . O ’ N e i l , Clericlof the Corporation.
C. W . B r a y , G . W . B r a y , W . J. D u n n , F. C. F l i n t , L . J. G i b b s , F. L . H i n k l e y ,.
C. W . K i n g , J. B . K n i g h t , L . N . L y o n , A. R . M a r t i n , G . M . M o r t o n , E. J.
W . S. P a g e , F. E. P a t t e r s o n , A. E. T a y l o r , E. R . T a y l o r , F. S. T a y l o r ,.
O . K e n t f ie l d ,
O ’ N e i l , I. H. P a g e ,
F. N . W i t h r e l .
Board o f Investm ent: G .
A uditing Committee:
M.
F. L.
M orton,
F. N.
H in k l e y , W .
S.
W it h r e l , W .
P age,
F.
S.
A. R .
Page,
M a r t in .
C . F l in t .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12.30 p . m . ; also Thurs
days and Saturdays, 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
$40,500
165,000
88,500
17,100
30,000
00
00
00
00
00
$40,517
150,965
86,440
24,855
26,850
$341,100 00
50
00
00
00
00
$329,627 50
360 loans on real estate (average of each, $2,684.75)
43 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Book Value.
$40,659
161,328
86,998
17,100
27,577
$333,663 65
$966,510
142,659
1,000
48,121
3,016
Total Assets
20
45
50
00
50
88
25
00
34
11
$1,494,971 23
Liabilities.
Due depositors on 3,738 accounts, averaging $376.68 each
.
.
.
.
.
$1,408,022 37
(Accounts opened during year, 7 8 8 ; closed, 5 7 2 ; increase, 216)
Surplus: —
a. Guaranty fund (4 .6 6 % o f deposits; increase during year, $ 1 6 ,6 6 7 .1 9 )
b. Profit and loss ( decrease during year, $ 9 ,8 7 3 .0 7 )
.
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$6,433 67
b. Miscellaneous .
.
.
.
.
.
8 08
----------------------$6,441 75
Less current expenses not charged off
.
.
.
.
1,343 74
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
64,192 78
17,461 75
5,098 01
196 32
. $1,494,971 23
BANK COMMISSIONER.
No. 8.]
69
T otal Expenses for the Year, including State Taxes.
Rent. Advertising. Other Expenses.
State Tax (Net).
Salaries.
$826.85
$300.00 $145.20
$2,730.00
Amount paid for
$1,838.29
.55
1.83
.20
.10
■Cost per $1,000 of assets
1.23
C ost per $1,000 of assets not including State tax and rent .
Total.
$5,840.34
3.91
2.48
Gross income received during the year, $65,573.41.
Rates on Investm ents and Loans (Average on All, 4.83%).
Real estate loans (average rate,
Personal loans (average rate, 5
5 per cent.): 5%, $966,310.88; 6%, $200.
per cent.): 4%, $10,000; 4M % . $10,000; 5%, $89,874.25; 5J^%, $20,000;
5H % , $10,300; 6%, $2,485.
B onds, stocks, etc. (average rate on book values, 4.27 per cent.): 3Ms%> $95,000; 4%, $147,500; 4J^%,
$25,000; 5%, $60,500; 7%, $7,000; 8%, $2,500; 9%, $2,000.
Number of loans not over $3,000 each, 324, amounting to $394,663.13.
58 real estate loans made during year, amounting to $165,225.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 6,547, amounting to
.
.
.
.
.
..........................................
.
.
.
. , .
$24,870 82
25,548 55
354,420 23
Number of withdrawals during year, 3,764, amounting t
..........................................
$404,839 60
288,967 40
N et increase in amount due depositors
.
.
o
.
.
.
.
.
.
$115,872 20
SCHEDULE OF SECURITIES OWNED.
$5,000 Boston & Maine 4Mis
15.000 C., B. & Q.
15.000 Fitchburg 3Hs
5.000 Illinois Central 3Ks
20.000 N. Y., N. H. & H. 3^s
52.000 N. Y „ N. H. & H. 4s
8.000 Northern Me. Seaport 5s
P ublic Funds, Bonds.
$15,000 Massachusetts 3Ms
10.000 Lawrence 4s
10.000 Omaha, Neb., 4Mis
3,500 E. Bridgewater 4s
P ublic Funds, Notes.
2.000 Revere 4s
Street Railway Bonds.
Railroad Bonds.
$5,000 Atch., Top. & Santa Fé 4s
20.000 Baltimore & Ohio 3J^s
15.000 Boston & Albany 4s
5.000 Boston & Maine 3Mis
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$88,500
$165,000
$40,500
D ate
$5,000 Lowell, Law. & Haver. 5s
10.000 Springfield 4s
2.000 Spring. & Eastern 5s
14.000 Worcester Consol. 5s*
1.000 Woronoco 5s
$10,000 Boston Elevated 4s
10.000 Boston Elevated 4Ks
20.000 Boston & Northern 4s
3.000 Georgetown, Row. & Ips. 5s
7.000 Glou., Essex & Beverly 5s
6,500 Holyoke 5s
June 6, 7.
* A legal investment when made.
Bank Stocks.
Shs.
16 Franklin Co. Tr. Co., Greenfield
20 Hadley Falls Nl. Bk., Holyoke
50 Home Nl. Bk., Holyoke
40 Chapin Nl. Bk., Springfield
25 Chicopee Nl. Bk., Springfield
20 Springfield S. D. & T. Co.
70
REPORT OF THE
[Pub. Doc,
CITIZENS SAVINGS BANK, FALL RIVER.
6 SOUTH MAIN STREET.
Incorporated October, 1851.
John
C.
Number of corporators, 54; number of trustees, 18.
M i l n e , President.
W il l ia m
F.
W i n t e r , Treasurer.
(Office vacant), Clerk o f the Corporation.
Board o f Trustees:
S.
W.
W . B. M . C h a c e , J e r o m e D w e l l y , H. H. E a r l , C. S. G r e e n e , H. F. G r i n n e l l .
W . H e n r y , P . J . H u r l e y , C . E . M il l s , J. C . M il n e , J . D . M il n e , J . E ,
P i e r c e , J . M . S w i f t , J . T . S w i f t , W . F. T h o m a s , J o s e p h W a t t e r s , W . F. W i n t e r .
H a t h a w a y , J.
O sborn,
W . H.
Board o f Investm ent: J . C . M
A uditing Comm ittee:
J. D .
il n e
, H . H. E arl, W .
M i l n e , 'H .
F.
F.
T h o m a s , S. W . H a t h a w a y , J . M . S w if t .
G r in n e l l , J o s e p h W a t t e r s .
Deposits draw interest from first M onday of March, June, September and December; dividends are
payable the second M onday of June and December. Business hours: 9 a .m . to 2 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$60,000
1,963,500
37.000
302,100
119,000
29.000
00
00
00
00
00
00
$62,100
2,202,222
37,875
588,730
106,505
42,100
$2,510,600 00
554 loans on real estate (average o f each, $ 4 ,6 8 5 .0 7 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
Book Value.
00
50
00
00
00
00
$3,039,532 50
$2,516,865 00
4,433 95
----------------------.
.
.
71 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 0 ,0 0 0 ; assessed value, $ 9 2 ,0 0 0 )
.
.
Real estate b y foreclosure, etc. (assessed value, $ 1 5 ,1 8 7 )
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................
$60,000
1,963,500
37,000
300,712
106,538
4,100
00
00
00
50
50
00
$2,471,851 00
2,512,431 05
776,064 06
75,000 00
11,022 31
108,175 07
9,199 08
Total Assets
.
.
.
.
.
$5,963,742 57
Due depositors on 8,841 accounts, averaging $615.92 each
.
.
.
.
.
$5,445,322 27
Liabilities.
( Accounts opened during year, 1 ,4 8 1 ; closed, 9 8 0 ; increase, 451)
Surplus: —
a. Guaranty fund (4 .9 6 % o f deposits; increase during year, $ 6 ,6 3 7 .2 9 )
.
.
b. Profit and loss (increase during year, $ 1 4 ,9 6 8 .8 0 ) .
.
.
.
.
.
Current income : —
Income account
.
.
.
.
.
.
.
.
.
$133,880 78
Less current expenses not charged off
.
.
.
.
8,380 65
----------------------Suspense account
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
270,325 70
122,566 47
125,500 13
28 00
. $5,963,742 57
71
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$11,467.19 $10,865.03 $3,000.00
Cost per $1,000 of assets
1.92
1.82
,50
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
Total.
$2,365.54 $27,952.16
$254.40
'.
4
0
4 .6 8
.04
.
.
2 .2 6
.
Gross income received during the year, $304,316.15.
Rates on Investm ents and Loans (Average on All, 5.36%).
(average rate, 5.07 per cent.): 4%, $108,000; 4J^%, $238,500; 4M % , $38,000; 5%,
$1,396,421.05; 5J^%, $638,590; 6%, $92,920.
Personal loans (average rate, 5.14 per cen t.): 4J^%, $225,000; 4 % % , $12,684.06; 5%, $115,600; 5J^%,
$399,780; 6%, $23,000.
Bonds, stocks, etc. (average rate on book values, 5.72 per cent.): 4%, $209,600; 4J^%, $161,000; 5%,
$835,000; 6%, $942,200; 7%, $262,900; 8%, $67,600; 10%, $10,000; 12%, $22,300.
Real estate loans
Number of loans not over $3,000 each, 344, amounting to $527,214.06.
90 real estate loans made during year, amounting to $288,430.70.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
.
.
.
.
.
June, 1 9 1 2 , 2 % ..........................................
Number of deposits during year, 8,619, amounting to
.
.
.
.
.
Number of withdrawals during year, 7,344, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$100,912 74
103,906 02
851,771 45
.
$1,056,590 21
804,821 90
.
$251,768 31
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Boston 4s
10,000 Stamford, Conn., 4J^s
$60,000
Railroad Bonds.
$25,000 Illinois Central 4s
37.000 Kal., Allegan. & G. R. 5s
78.000 Louisville & Nashville 5s
64.000 Louisville & Nashville 6s
62.000 Mahoning Coal 5s
87.000 Michigan Central 5s
135.000 Mil., L. S. & West. 5s
128.000 Mil., L. S. & West. 6s
100.000 Mont. Cent. Rd. Co. 6s
20.000 New England 5s
85.000 N. Y., N. H .& H . 6st
130.000 N. Y., Lack. & West. 6s
75.000 No. Maine Seaport 5s
22,500 Northwestern Union 7s
17.000 P., Gt. Falls & Con. 4J^s
106.000 St. J .& L . C. 5s
25.000 St. P. & Northern Pac. 6s
5.000 St. Paul, Minn. & Man. 6s
3.000 St. P. & Sioux City 6s
10.000 Troy & Boston 7s
41.000 Winona & St. Peter 7s
$100,000 Bangor & Aroostook 5s
29.000 Cedar Rapids & Mo. R. 7s
9.000 Chic., Mil. & St. Paul 5s
1.000 Chic., Mil. & St. Paul 6s
26.000 Chic. & North. 5s
171.000 Chic. & North. 6s
32.000 Chic. & North. 7s
119.000 Cleveland & Pitts. 4J^s
10.000 Dela. & Hudson Canal 7s
136.000 Fre., Elk Horn & Mo. V. 6s
$1,963,500
75.000 Housatonic 5s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
October 21, 22.
t N ot a legal investment.
Street Railway Bonds.
$15,000 Boston Elevated 4)^s
20,000 Lynn & Boston 5s
, 2,000 Union St. Ry. Co. 5s
$37,000
Bank Stocks.
Shs.
6 Commonwealth Tr. Co., Boston
93 Eliot Nl. Bk., Boston
223 First Nl. Bk., Boston
50 Merchants Nl. Bk., Boston
77 Nl. Bk. of Commerce, Boston
25 Nl. Bk. of the Republic, Boston
537 Nl. Shawmut Bk., Boston
50 Second Nl. Bk., Boston
114 State Nl. Bk., Boston
255 Fall River Nl. Bk.
506 Metacomet Nl. Bk., Fall River
1,070 Massasoit-Pocasset Nl. Bk., Fall
River
40 Union Nl. Bk., Lowell
72
REPORT OF THE
[Pub. Doc.
CITY SAVINGS BANK OF PITTSFIELD, PITTSFIELD.*
116
Incorporated April 13, 1893.
NORTH STREET.
Number of corporators, 52; number of trustees, 19.
F r a n c i s W . R o c k w e l l , President.
J.
Board o f Trustees:
C. E.
H ir a m
F red
B . W e l l i n g t o n , Treasurer .
K a h l , Clerk o f the Corporation.
C. F. C o o g a n , Z. M . C r a n e , A. W . E a t o n , B. M . E n g l a n d , D . J.
J. F. K a h l , K . B. M i l l e r , A. A. M i l l s , G. W . P e a s e , H. R . P e i r s o n ,
o b b i n s , F. W . R o c k w e l l , G. H. S o u t h a r d , J r . , G. H. . T u c k e r , C. H.
B urke,
G im l ic h , J o s e p h I n s u l l ,
A.
W . P l u m b , L. G. R
W i l s o n , E. P. W o o d .
Board o f Investm ent:
C. F.
C oogan,
Auditing Committee:
G. W .
P ease,
D . J. G i m l i c h , L. G. R o b b i n s , H. B.
G. H. S o u t h a r d , Jr.
J. F.
K ahl,
G. H.
Southard,
W e l l in g t o n ,
C. H.
W il s o n ,
Jr.
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
January 10 and July 10. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
$ 110,000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
429,000
152,600
44,400
25.000
57.000
00
00
00
00
00
00
$818,000 00
Estimated
Market Value.
Book Value.
$110,333
399,870
143,192
62,285
24,000
51,015
$110,333
421,131
146,370
71,865
25,000
52,188
46
00
00
00
00
00
$790,695 46
529 loans on real estate (average o f each, $ 3 ,4 3 9 .8 6 ) .
.
.
.
.
39 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 1 8 6 ,0 0 0 ; assessed value, $ 6 6 ,4 0 0 )
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets
46
25
00
00
00
75
$826,888 46
1,819,681
82,543
96,300
33,865
5,463
84
00
11
74
86
. $2,864,743 01
Liabilities.
Due depositors on 9,029 accounts, averaging $309.80 each
.
.
.
.
.
$2,797,234 811
{Accounts opened during year, 3 ,8 7 4 ; closed, 8 ,0 6 4 ; increase, 1,880)
Surplus: —
a. Guaranty fund {1 .7 4 % o f deposits; increase during year, $ 6 ,5 0 0 )
h. Profit and loss {increase during year, $ 8 ,6 0 7 .0 9 )
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$9,896 26
b. Rent, etc.,
.
.
.
.
.
.
637 59
----------------------Less current expenses not charged off
.
.
.
.
,
.
.
48,700 00
11,942 29
$10,533 85
3,668 57
6,865 28
Total L ia b ilitie s .......................................... $2,864,743 01
* See page 394 for statement of Life Insurance Department.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
73
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
«3,248.89
$5,504.05 $1,700.00 $92.95
$2,502.31
$13,048.20
■Cost per $1,000 of assets
1.13
1.92
.59
.03
.87
4 .54
■Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .82
Gross income received during the year, $120,754.01.
Rates on Investments and Loans (Average on All, 4.73% ).
Real estate loans
(average rate, 4.95 per cent.): 4Mi%> $241,000; 4%%> $20,000; 5%, $1,525,771.84;
6%, $32,910.
Personal loans (average rate, 5.12
B onds, stocks, etc. (average rate on
per cent.): 5%, $66,475; 5 K % , $12,325; 6%, $3,743.
book values, 4.22 per cent.): 3J^%, $170,000; 4%, $373,000; 4M % .
$35,000; 4J^%, $140,000; 5%, $56,700; 7%, $11,000; 8%, $31,300; 10%, $500; 16%, $500.
Num ber o f loans not over $3,000 each, 396, amounting to $578,610.93.
102 real estate loans made during year, amounting to $327,473.61..
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 23,070, amounting to
$43,958 94
47,951 99
1,063,790 29
Number of withdrawals during year, 11,266, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$1,155,701 22
736,275 25
.
$419,425 97
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Cleveland, 0., 4s
10.000 Chicago, 111., 4s
5.000 Holyoke 3Mis
15.000 Los Angeles, Cal., 4Ks
Public Funds, Notes.
$30,000 Pittsfield 4Ks
40.000 Pittsfield 4 ^ s
$110,000
Railroad Bonds.
$10,000 Atch., Top. & St. F6 4s
27.000 Bangor & Aroostook 5s
43.000 Boston & Albany 4s
5.000 Boston & Maine 3Mis
26.000 Boston & Maine 4s
24.000 Boston & Maine 4J^s
10.000 Boston, R. B. & L., 4Mis
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000 C., & B. Q. 3Mis
20.000 Chic. & Northwestern 4s
4.000 Concord & Montreal 4s
5.000 Dexter & Newport 4s
5.000 Erie & Pittsburgh 3M>s
15.000 Fitchburg 4s
10.000 Fitchburg 4Mis
5.000 Holyoke & Westfield 4Ms
35.000 Illinois Central 3)^s
5.000 Michigan Central 3Mis
10.000 N. Y., C. & H. R. 3Mis
20.000 N. Y., N. H. & H. 3^s
55.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
15.000 Penobscot Shore Line 4s
10.000 Peoria & Northwestern 3Mis
10.000 Princeton & Northw. 3Mis
10.000 Sioux City & Pacific 3M>s
5.000 Upper Coos 4Mis
$429,000
July 25, 26, 29, 30.
* A legal investment when made.
Street Railway Bonds.
$10,000 Boston Elevated 4s
26.000 Boston Elevated 4J^s
83.000 Boston & Northern 4s
13,600 Holyoke 5s
10.000 Hoosac Valley 4s*
10.000 West End 4Mis
$152,600
Bank Stocks.
Shs.
50 State Nl. Bk., Boston
20 Safety Fund Nl. Bk., Fitchburg
303 Leominster Nl. Bk., Leominster
40 No. Adams Nl. Bk., No. Adams
5 Agricultural Nl. Bk., Pittsfield
10 Third Nl. Bk., Pittsfield
11 Chapin Nl. Bk., Springfield
5 Housatonic Nl. Bk,, Stockbridge
74
REPO RT OF THE
[Pub. Doc.
CITY FIVE CENTS SAVINGS BANK, HAVERHILL.
48 W ASHINGTON STREET.
Incorporated March 31, 1870.
Number of corporators, 83; number of trustees, 12.
S y l v a n u s P . G a r d n e r , President .
G eo r g e \Y. N o y e s , Treasurer.
L e o n ar d H. N o y e s , Clerk o f the Corporation.
C. L. B r ig g s , O. J. C a r l t o n , H. E. G a l e , J. E. G a l e , S. P . G a r d n e r , H. H.
G il m a n , E. H. H o w e s , U. A. K il l a m , P e r l e y L e s l ie , G e o r g e N ic h o l s , 2d, F . H. P e a r l ,
P . C . Sw e t t .
Board o f Trustees:
Board o f Investm ent: C .
Auditing Comm ittee: S.
L. B r ig g s , J. E. G a l e , S. P. G a r d n e r , G e o r g e N ic h o l s , 2d, P. C. S w e t t .
P. G a r d n e r , U. A. K il l a m , H. H. G il m a n .
Deposits draw interest from first day of March, June, September and December; dividends are pay
able first Wednesday of June and December. Business hours: 9 a . m . to 2 p . m . ; Saturdays, 9 a . m .
to 12.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
$208,600
512.000
130.000
38,625
150.000
65,000
00
00
00
00
00
00
$1,104,225 00
510 loans on real estate (average o f each, $ 2 ,7 5 6 .1 8 )
Less amount due on uncompleted loans .
Estimated
Market Value.
$206,200
475,380
126,225
66,515
144,000
58,175
Book Value.
25
00
00
00
00
00
$1,076,495 25
$1,422,825 00
17,680 66
----------------------
34 loans on personal security
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets
$208,600
505,340
130.000
38,625
150.000
58,521
00
00
00
00
00
25
$1,091,086 25
1,405,144
637,100
7,743
51,050
4,638
34
00
14
60
90
. $3,196,763 25
Liabilities.
Due depositors on 12,176 accounts, averaging $242.33 each
.
$2,950,661 11
{Accounts opened during year, 2 , 1 5 8 ; closed, 1 ,6 0 5 ; increase, 553)
Surplus: —
a. Guaranty fund {4 .9 1 % o f deposits; increase during year, $ 8 ,5 0 0 )
b. Profit and loss {increase during year, $ 5 ,0 8 6 .9 4 )
Current income: —
a. I n t e r e s t ........................................................................... $56,120 95
b. R e n t ................................................................
10 65
c. Discount .
.
.
.
.
.
.
172 00
$56,303 60
5,164 24
-----------------
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
145,000 00
49,962 76
Total Liabilities .
51,139 36
. $3,196,763 23
BANK COMMISSIONER.
No.
75
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising.
Amount paid for
$6,224.21
$7,646.32
$1,550.00
Cost per $1,000 of assets
1.95
2.39
.48
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$927.49 $16,348.02
.29
5.11
2.68
Gross income received during the year, $141,381.02.
Rates on Investments and Loans (Average on All, 4.56% ).
Real estate loans
(average rate, 5.02 per cent.): 43d>%, $12,000; 5%, $1,350,444.34; 5J^%, $21,625;
6%, $21,075.
(average rate, 4.48 per cent.): 4%, $25,000; 4}4% < $50,000; 4 M % > $250000; 4 Vs% ,
$65,000; 4 V2% , $127,500; 5%, $23,300; 5M % . $65,000; 5 } 4 % , $31,300.
B onds , stocks, etc. (average rate on book values, 4.02 per cent.): 3j^% , $337,600; 4% , $648,000; 4J^%,
$70,000; 5%, $10,000; 6%, $5,900; 7%, $13,200; 8%, $16,500; 10%, $2,500.
Personal loans
Number of loans not over $3,000 each, 393, amounting to $597,375.
99 real estate loans made during year, amounting to $311,050.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2 %
Number of deposits during year, 19,791, amounting to
.
.
Number of withdrawals during year, 10,183, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
...........................................
.
.
.
.
.
.
.
.
.
.
.
$52,651 05
54,377 68
686,716 75
$793,745 48
610,047 07
.
$183,698 41
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts
75.000 Boston 4s
20.000 Chicago, 111., 4s
15.000 Fall River 4s
17.000 Haverhill 4s
10.000 Indianapolis, Ind., 4s
14 000 Newton 4s
10.000 Portsmouth, N. H., 4s
500 Plaistow, N. H., 4s*
Public Funds, Notes.
2,600 Groveland 3Hs
19,500 Groveland 4s
$512,000
$208,600
D ate
Railroad Bonds.
$10,000 Bennington & Rutland 4J^s*
25.000 Boston & Albany 4s
75.000 Boston & Maine 4s
10.000 Boston & Maine 4Jdis
20.000 C., B. & Q. 4s
25.000 Chic. & Northwestern 4s
25.000 Cleveland & Pitts. 3Ms
22.000 Fitchburg 4s
60.000 Illinois Central 3J^s
5.000 Minn. & Iowa 3)^s
50.000 N. Y. C. & H. R. 3^8
85.000 N. Y „ N. H. & H. 4sf
40.000 Old Colony 4s
5.000 Pitts., Va. & Charleston 4s
10.000 St. J. & L. C. 5s
20.000 Sioux City & Pac. 3Hs
15.000 Upper Coos 4s
10.000 Worcester, Nash. & R. 4s
of
E x a m in a t io n ,
January
$130,000
Bank Stocks.
Shs.
25 Merchants Nl. Bk., Boston
9 Nl. Bk. of Commerce, Boston
50 Nl. Shawmut Bk.
15 Tremont Nl. Bk., Boston
132 First Nl. Bk., Haverhill
68 Haverhill Nl. Bk.
50 Haver hid Trust Co.
47 Merrimack Nl. Bk., Haverhill
9, 10.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$10,000 Boston Elevated 4s
15.000 Boston Elevated 4)^s
25.000 Springfield 4s
45.000 West End 4s
10.000 West End 4J^s
25.000 Worcester Consolidated 4)^s*
t $20,000 not a legal investment.
76
REPORT OF THE
[Pub. Doc.
CITY INSTITUTION FOR SAVINGS, LOWELL.
174 CENTRAL STREET.
Incorporated April 12, 1837.
F eed
A.
Number of corporators, 30; number of trustees, 12.
B u t t r i c k , President.
L ou is
B oard o f Trustees: F .
A.
F rank
B u t t r ic k , F r a n k C o b u r n , C . P . C o n a n t , L e o n a r d H u n t r e s s , F . W . H u r d ,
L. H. K i l e s k i , F r e d e r i c k L a w t o n , W .
P eabody, E. M . T ucke.
F. A.
B oard o f Investm ent:
W . H u r d , Treasurer.
H . K i l e s k i ,* Clerk o f the Corporation.
E.
B u t t r ic k , F r a n k
L iv in g s t o n ,
C oburn,
E. G.
C. P.
M o r r is o n , P e r c y P a r k e r , J o s e p h
C onant, L eonard
H u ntress,
L.
H.
K il e s k i.
A u d itin g Com m ittee:
F. A.
B u t t r ic k ,
E. G.
M o r r is o n , J o s e p h P e a b o d y .
Deposits draw interest from second Saturday in January, April, July and October; dividends are
payable second Saturday of January and July. Business hours: 9 a . m . to 1 p . m . ; also Satur
days, 7 to 9 p . m .
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$633,000
2,177,000
675.000
287,230
183.000
43,283
00
00
00
00
00
33
$624,461
2,074,135
645,000
529,060
163,785
34,882
$3,998,513 33
485 loans on real estate (average o f each, $9,029.92) .
.
95
loans on personal security
. .
.
' .
.
Real estate b y foreclosure, etc. (assessed value, $ 51,900) .
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
25
00
00
00
00
33
$4,071,323 58
.
.
.
Book Value.
.
.
.
.
.
_
Total Assets
00
00
28
$3,942,172 28
94
82
52
41
115,394 92
g 07 gg
.
.
.
_
00
00
00
4,379,512
j 295 001
20,899
169
.
_
.
$633,000
2,166,500
667,375
288,100
171,415
15,782
. $9,754,018 45
Liabilities.
Due depositors on 18,610 accounts, averaging $479.64 each
.
.
.
.
.
$8,926,026 74
(Accounts opened during year, 1 ,7 6 8 ; closed, 1 ,7 4 9 ; increase, 19)
Surplus: —
a. Guaranty fund (5 .0 4 % o f deposits; increase during year, $ 1 0 ,0 0 0 )
.
.
b. Profit and loss (increase during year, $ 3 0 ,9 7 4 -6 2 ) .
.
.
.
.
.
Current income: —
I n t e r e s t ...............................................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
450,000 00
254,560 81
123,430 90
Total L ia b ilitie s .......................................... $9,754,018 45
* New clerk elected Nov. 4, 1912.
No.
BANK COMMISSIONER.
77
Total Expenses for the Year, including State Taxes.
Total.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
$2,911.21
$45,823.83
Amount paid for
$23,730.02 $17,400.00
$1,675.00
$107.60
4.70'
.17
.01
.30
Cost per $1,000 of assets
2 .4 4
1.78
.
2.09
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $418,602.98.
Rates on Investments and Loans (Average on All, 4.51%).
(average rate, 4.69 per cent.): 4%, $846,775; 4M%> $1,015,851.78; 4 % % , $75,000; 5%$2,427,322.76; 5M % . $8,275; 6%, $6,288.40.
Personal loans (average rate, 4.75 per cent.): 4%, $41,865.23; 4 M%> $571,321.61; 5%, $673,808.10; 5J^%.
$8,006.88.
Bonds, stocks, etc. (average rate on book values, 4.23 per cent.): 3M%> $567,000; 4%, $2,646,000; 4M%>
$297,000; 5%, $242,500; 6%, $21,700; 7%, $26,900; 8%, $120,500; 10%, $26,500.
Real estate loans
Number of loans not over $3,000 each, 391, amounting to $520,646.16.
53 real estate loans made during year, amounting-to $727,357.
Dividends, Depositsland Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 16,024, amounting to
.
.
.
.
Number of withdrawals during year, 19,432, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$170,493 90
172,252 61
1,038,498 31
$1,381,244 82
1,232,710 67
$148,534 15
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$100,000 Chicago & North. 4s
100.000 Chic., R. I. & Pac. 4s
37.000 Cleveland & Pitts. 3Ms
100.000 Cleveland & Pitts. 4Ms
200.000 Concord & Montreal 4s
50.000 Conn. & Pass. Rivers 4s
100.000 Kal., Alleg. & G. Rap. 5s
25.000 Narragansett Pier 4s
125.000 N. Y „ N. H. & H. 3Ms
360.000 N. Y „ N. H. & H. 4s
100.000 Norwich & Worcester 4s
5,000 Old Colony 4s
100.000 Sullivan Co. 4s
$116,000 Massachusetts 3Ms
39.000 Middlesex Co. 4s
100.000 Boston 4s
100.000 Indianapolis, Ind., 4s
100.000 Lawrence 4s
50.000 Lowell 4s
74.000 Cranston, R. I., 4s
39.000 Leominster 4s
15.000 Maynard 4s
$633,000
$2,177,000
Railroad Bonds.
$25,000 Atch., Top. & St. F6 4s
200.000 Boston & Albany 3 }is
25.000 Boston & Albany 4s
109.000 Boston & Lowell 4s
100.000 Boston & Maine 3Ms
30.000 Boston & Maine 4s
60.000 Boston & Maine 4Ms
200.000 C., B. & Q. 4s
26.000 Chicago & North. 3Ms
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$225,000 Boston Elevated 4s
50.000 Boston Elevated 4Ms
100.000 Boston & Northern 4s
50.000 Lynn & Boston 5s
50.000 Springfield 4s
April
22, 23, 24, 25.
* A legal investment when made.
$150,000 West End 4s
50,000 Worcester Con. 4Ms*
$675,000
Bank Stocks.
Shs.
124 BoylstoD Nl. Bk., Boston
53 Fourth-Atlantic Nl. Bk., Boston
150 Nl. Bk. of Commerce, Boston
400 Nl. Bk. of the Republic, Boston
1,000 Nl. Shawmut Bk., Boston
36 Nl. Union Bk., Boston
40 Old Boston Nl. Bk., Boston
265 Second Nl. Bk., Boston
131 State Nl. Bk., Boston
118 Tremont Nl. Bk., Boston
85 Webster & Atlas Nl. Bk., Boston
19 Bay State Nl. Bk., Lawrence
610 Appleton Nl. Bk., Lowell
51 Old Lowell Nl. Bk., Lowell
100 Union Nl. Bk., Lowell
100 Wamesit Nl. Bk., Lowell
25 First Nl. Bk., Marlborough
42 Fram. Nl. Bk., So. Framingham
78
REPORT OF THE
[Pub. Doc.
CLINTON SAVINGS BANK, CLINTON.
79
Incorporated M ay 15, 1851.
HIGH STREET.
Number of coiporators, 34; number of trustees, 16.
C. L. S.
E l i F o r b e s , President.
W il l ia m
H a m m o n d , Treasurer.
H a m i l t o n , Clerk o f the Corporation.
W . L. B a n c r o f t , W . P. B o w e r s , G . A. B r o w n , C. W . F i e l d , E l i F o r b e s , J. W.
S. F u l l e r , W . H . G i b b s , J. J. G o o d w i n , W i l l i a m H a m i l t o n , C. L. S. H a m m o n d ,
c Q u a i d , G . F . M o r s e , G . P. T a y l o r , B a y a r d T h a y e r , J. E . T h a y e r .
Board o f Trustees:
F orrester, E .
J. A.
M
Board o f Investm ent: E
Auditing Comm ittee:
li
F orbes,
G. F.
G. P.
M orse,
T aylor,
G. A.
J. E.
B row n,
T hayer,
J. A.
E . S.
F u ller,
W . P.
B ow ers.
M cQ u a id .
Deposits draw interest from second M onday of January, April, July and October; dividends are pay
able the second M onday of April and October. Business hours: 9 a . m . to 12 m .; 1 to 3 p . m . ; Sat
urdays, 9 a . m . to 1 P .M .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$504,500
509,000
62,000
49,500
65.000
50.000
66,230
00
00
00
00
00
00
93
$1,306,230 93
Estimated
Market Value.
$503,533
478,562
60,255
66,175
62,400
44,750
59,705
75
50
00
00
00
00
93
$1,275,382 18
451 loans on real estate (average o f each, $ 2 ,2 1 1 .4 1 ) .
63 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $8 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Book Value.
$504,035
508,050
62,000
49,500
67,200
46,763
63,970
30
00
00
00
00
75
30
$1,301,519 35
997,346 10
972,870 00
1,000 00
2,433 49
1,399 78
9,450 00
52,714 73
18,068 55
Total Assets
$3,356,802 00
Liabilities.
Due depositors on 7,995 accounts, averaging $396.22 each
$3,167,740 68
(Accounts opened during year, 9 1 0 ; closed, 8 3 4 ; increase, 76)
Surplus: —
a. Guaranty fund (4 -9 4 % o f deposits; increase during year, $ 3 ,5 0 0 )
h. Profit and loss (increase during year, $2 5 .5 8 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
156,500 00
28,458 27
$4,707 80
604 75
4,103 05
Total Liabilities
.
. $3,356,802 00
BANK COMMISSIONER.
No. 8.]
79
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$9,400.10
$6,910.00
$1,000.00 $14.60
C ost per $1,000 of assets
2.80
2.06
.30
Cost per $1,000 of assets not including State tax and rent .
.
.
.
Other Expenses.
Total.
$1,171.80
$18,496.50
.35
5.51
2.41
.
.
Gross income received during the year, $141,925.39.
Rates on Investments and Loans (Average on All, 4.45%).
Real estate loans
(average rate, 4.97 per cent.): 4%, $33,125; 4 hi% , $21,115; 5%, $923,666.10; 6%,
$19,440.
(average rate, 4.60 per cent.): 4%, $73,250; 4 h£%, $165,000; 4hs%, $245,000; 4 h i% ,
$247,500; 5%, $26,950; 5Vg%, $25,000; 5M %. $75,000; 5% % , $115,000; 6%, $170.
Bonds, stocks, etc. (average rate on book values, 3.93 per cent.): 1%, $6,875; 2%, $32,500; 3hi% ,
$244,000; 4%, $840,500; 4hi% , $82,000; 5%, $78,500; 7%, $10,500; 8%, $4,000.
Personal loans
Number of loans not over $3,000 each, 399, amounting to $465,171.10.
72 real estate loans made during year, amounting to $79,560.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 7,471, amounting to
• .
Number of withdrawals during year, 5,936, amounting to
.
Net increase in amount due depositors
.
.
.
.
$59,279 43
59,827 50
453,602 18
.
.
.
.
.
.
.
$572,709 11
473,311 13
.
$99,397 98
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000 Essex Co. 4s
5.000 Boston 3his
54.000 Boston 4s
20.000 Cambridge 4s
49.000 Chicago, 111., 4s
26.000 Fall River 4s
8.000 Fitchburg 4s
5.000 Kansas City, Mo., 4his
46.000 New Bedford 4s
22.000 New Bedford 4his
5.000 Newburyport 3his
20.000 Pittsfield 4s
5.000 Rockville, Conn., 4s
5.000 Saginaw, Mich., 4s *
3.000 Syracuse, N. Y., 4s
15.000 Woonsocket, R. I., 4his
10.000 Athol 4s
25.000 Brookline 4s
13.000 Clinton 3his
42.000 Clinton 4s
10.000 Framingham 4s
6.500 Watertown 4s
9.500 Winthrop 4s
20.000 Kennebec, Me. (W.D.), 3his
5.000 Mansfield (Water Dist.) 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M ay
Public Funds, Notes.
$6,500 Clinton 4s
49,000 Lancaster 4s
$504,500
$5,000 N. Y., N. H. & H. 3his
95.000 N. Y., N. H. & H. 4s
61.000 Old Colony 4s
10.000 Upper Coos 4his
5,000 Wore., Nash & R. 4s
$509,000
Railroad Bonds.
$4,000 Bangor and Aroostook 5s
18.000 Boston & Albany 3his
45.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
65.000 Boston & Maine 4s
20.000 C„ B. & Q. 3his
10.000 Chic. & North. 3his
53.000 Fitchburg 4s
13.000 Illinois Central 3his
10.000 Illinois Central 4s
25.000 L. S. & Mich. South. 3his
15.000 Mich. Central 3his
15.000 Mil., L. S. & W. 5s
20.000 N. Y. C. & H. R. 3his
1, 2 .
* A legal investment when made.
Street Railway Bonds.
$32,000 Boston Elevated 4s
20.000 Boston Elevated 4his
10.000 West End 4his
$62,000
Bank Stocks.
Shs.
55 Webster & Atlas Nl. Bk., Boston
350 First Nl. Bk., Clinton
40 Fitchburg Nl. Bank
50 First Nl. Bk., New Bedford
80
REPORT OF THE
[Pub. D oc
COHASSET SAVINGS BANK, COHASSET.
CORNER ELM AND BROOK STREETS.
Incorporated February 28, 1845.
Number of corporators, 35; number of trustees, 13.
C h a r l e s W . G a m m o n s , President.
L o t h r o p , Treasurer .
C aleb
R u s s e l l B . T o w e r , Clerk o f the Corporation.
Board o f Trustees: P h i l a n d e r B
ates,
H. L. B
F. R .
C a l e b L o t h r o p , S. R . N i c h o l s ,
N. B. T ow er, R. B. T ow er.
Board o f Investm ent: C . W . G
Auditing Comm ittee:
G. W .
am m on s,
C o l l ie r ,
row n
W.
, G.
P egram , C.
C o l l ie r ,
J.
P ratt,
C. W .
H. A .
G am m on s,
O. H.
H ow e,
T il d e n , D . N . T o w e r ,
O. H . H ow e, D . N . T ow er, H . L. B row n.
C. W .
G am m on s,
F. R .
P egram .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay
able the Wednesday after the first Tuesday of January and July. Business hours: 8.30 a . m . to
12 m . ; 1 to 4 P .M .; Saturdays, 8.30 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
Railr oad bonds and notes
.
.
.
. . .
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
.
$15,000
127,000
61,000
630
31,000
33,750
00
00
00
00
00
00
$268,380 00
448 loans on real estate (average o f each, $ 1 ,7 1 0 .2 2 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
Estimated
Market Value.
$15,060
116,105
56,975
18
27,745
36,271
00
00
00
00
00
00
$252,174 00
Book Value.
$15,000
124,456
59,550
»
130
29,288
43,366
00
25
00
00
75*
00
$271,791 00
$767,210 52
1,032 55
26 loans on peisonal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 5 ,0 0 0 ; assessed value, $1 1 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
766,177
160,345
14,000
11,414
3,417
97
00
00
70
94
Total Assets
$1,227,146 61
Due depositors on 2,620 accounts, averaging $427.55 each
$1,120,171 19
Liabilities.
(Accounts opened during year, 2 6 6 ; closed, 1 9 1 ; increase, 75)
Surplus: —
a. Guaranty fund (4 -9 4 % o f deposits; increase during year, $ 1 ,6 1 0 )
h. Profit and loss (increase during year, $ 4 ,6 1 4 -3 1 )
Current incom e: —
Interest
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
Total Liabilities .
.
55,348 89
32,620 75
$20,624 53
1,621 75
19,002 78
3 00
$1,227,146 61
* This amount exceeds the legal limit and the bank has been notified that it must be reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
81
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$1,671.78
$2,712.00
$250.00
Cost per $1,000 of assets
1.36
2.21 .
.20
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
Total.
$13.13
$1,104.29
$5,751.20
.01
.90
4 .6 8
.
.
.
.
.
3.12
Cross income received during the year, $58,313.04.
Rates on Investments and Loans (Average on All, 4.86% ).
Real estate loans
(average rate, 5.25 per cent.): 4J^%, $5,000; 5%, $526,986.45; 5J^%, $86,087.28; 6%,
$148,104.24.
(average rate, 4.97 per cen t): 4%%, $20,000; 4J^%, $40,000; 4M % . $15,000; 5%, $28,100;
5J^%, $52,000; 6%, $5,245.
B onds, stocks, etc. (average rate on book values, 3.71 per cent.): 1%, $2,750; 2%, $11,000; 3J^%, $67,000;
4%, $134,000; 4J^%, $4,000; 5%, $29,000; 10%, $5,000.
Personal loans
Number of loans not over $3,000 each, 281, amounting to $320,561.52.
34 real estate loans made during year, amounting to $42,525.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 2,149, amounting to
$21,241 53
21,486 75
155,794 17
$198,522 45
174,039 72
Number of withdrawals during year, 1,946, amounting to.
Net increase in amount due depositors
$24,482 73
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$4,000 Ft. Wayne, Ind., 4)^s
3.000 St. Paul, Minn., 5s
Public Funds, Notes.
8.000 Cohasset 4s
$15,000
Railroad Bonds.
$10,000 Baltimore & Ohio 3p£s
10,000 Bangor & Aroostook 5s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000 C., B. & Q. 3^s
5.000 Conn. & Pass. Rivers 4s
20.000 Fitchburg 4s
17.000 Illinois Central 3)^s
10.000 N. Y., N. H. & H. 3Ks
10.000 N. Y., N. H. & H. 4s
15.000 North. Me. Seaport 5s
5.000 Washington Co. 3)^s
$127,000
April 26.
Street Railway Bonds.
$25,000 Boston Elevated 4s
20.000 Boston & Northern 4s
1,000 Union St. Ry. 5s
15.000 West End 4s
$61,000
Bank Stocks.
Shs.
18 Tremont N.. Bk., Boston
82
[Pub. Doc.
REPORT OF THE
COLUMBUS SAVINGS BANK, BOSTON.
417 HANOVER STREET.
Incorporated March 25, 1908.
John
F . S u l l i v a n , President.
F loba
Board o f Trustees: A . A . B
P . R o b e e t G b e e n e , Treasurer.
V.
adaeacco
P . R . G b e e n e , R . S. H o f f m a n ,
E.
F o p i a n o , Clerk o f the Corporation.
, L o u is B ig g i, L .
J.
Board o f Investm ent: J . F . S u l l i v a n ,
A uditing Com m ittee: H .
Number of corporators, 17; number of trustees, 11.
J.
C osta,
Jr.,
R . M u b p h y , A . C . Q u in c y , H .
J.
R . M ubphy,
S t o c k b r id g e , L .
J.
J. J.
C osta,
H . S . F it z g e e a l d , J. J . F l y n n ,
E.
S t o c k b b id g e ,
J.
F . S u l l iv a n .
F l y n n , A . A . B a d a b a c c o , L o u is B ig g i.
Jr.,
A . C . Q u in c y .
Deposits draw interest from first day of February, M ay, August and November; dividends are pay
able M ay 1 and November 1. Business hours: 9 a . m . to 3 P .M .; also Mondays and Saturdays,
for deposits only, 3 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Book Value.
Par Value.
Public funds, bonds and notes
Street railway bonds
$ 2,000 00
1,000 00
$1,816 25
985 00
$1,905 32
1,004 42
$3,000 00
$2,801 25
$2,909 74
26,400
1,100
8,171
1,057
16 loans on real estate (average o f each, S I ,650)
2 loans on personal security
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
00
00
81
85
$39,639 40
Total Assets
Liabilities.
$39,331 51
Due depositors on 181 accounts, averaging $217.30 each .
(Accounts opened during year, 9 1 ; closed, 3 4 ; increase, 57)
Surplus: —
a. Guaranty fund (.3 8 % o f deposits; increase during year, $ 8 5 .0 9 )
b. Profit and loss (increase during year, $2 5 .1 1 )
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
148 85
159 04
$39,639 40
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$47.88
Cost per $1,000 of assets
1.21
Cost per $1,000 of assets not including State tax and rent .
$50.18
1.27
Other Expenses.
$54.50
1.37
Total.
$152.56
3.85
2.64
Gross income received during the year, $1,297.97.
Rates on Investments and Loans (Average on All, 5.05%).
Real estate loans (average rate,
Personal loans (average rate, 5
B on d s , stocks, etc. (average rate
5.20 per cent.): 5%, $19,900; 5}^% , $2,600; 6%, $3,900.
per cent.): 5%, $1,100.
on book values, 3.78 per cent.): 3J^%, $2,000; 4% , $1,000.
Number of loans not over $3,000 each, 16, amounting to $20,400.
6 real estate loans made during year, amounting to $12,500.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 487, amounting to
.
Number of withdrawals during year, 266, amounting to
Net increase in amount due depositors
.
.
.
.
.
$436 00
599 21
31,036 50
.
.
.
.
.
.
.
.
.
.
$32,071 71
15,751 08
.
$16,320 63
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$1,000 Boston 3)^s
1,000 Newton 3 J^s
$2,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
November 1.
Street Railway Bonds.
$1,000 West End 4s
84
REPORT OF THE
[Pub. Doc.
COMMONWEALTH SAVINGS BANK, LYNN.
325 UNION STREET.
Incorporated March 28, 1900.
Joseph
Number of corporators, 37; number of trustees, 17.
G . P i n k h a m , President.
Board o f Trustees: G . H . A
llen
T hom as C am pbell, 2d,
F.
H . B r e e d , Clerk o f the Corporation.
, C . N . B arn ey, W . M . B arn ey, G . H . B reed , M . V . B resn ah an ,
J. F a u l k n e r , C . L . G r e e n ,
H o y t , J. M . H o y t , A . J. J o h n so n ,
P in k h a m .
Board o f Investm ent: W . M . B
A uditing Com m ittee:
W . M.
M . B a r n e y , Treasurer.
W il l ia m
G eorge
arn ey
L ib b e y ,
W.
W.
M . L ib b e y ,
J.
W . H a r d in g , F r a n k H il l ia r d ,
F.
N.
B . L it t l e f ie l d , P . B . M a g r a n e , J. G .
, T h o m a s C a m p b e l l , 2 d , W . M . L ib b e y .
F. N.
H oyt,
J. W .
H a r d in g .
Deposits draw interest from first Wednesday of March, June, September and December; dividends
are payable the day following the first Wednesday of June and December. Business hours: 9 a . m .
to 1 p . m . ; also Saturdays, 3 to 6 p . m .
STATEMENT OF CONDITION
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds .
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
.
.
.
.
.
.
.
.
$39,500
98.000
14.000
5,100
15.000
00
00
00
00
00
$39,762
93,790
14,190
6,750
13,425
$171,600 00
50
00
00
00
00
$167,917 50
209 loans on real estate (average o f each, $ 3 ,7 0 1 .8 5 ) .
Less amount due on uncompleted loans .
$39,440
97,542
14,000
5,100
13,821
00
50!
00
00
25
$169,903 75
$785,286 36
11,600 00
773,686
142,682
3,595
7,766
4,803
3,378
36 loans on peisonal security
.
.
.
.
Furniture and fixtures,
.
.
.
.
.
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Total Assets
Book Value.
.
.
36*
77
00
75
09
74
.
.
.
$1,105,816 46
.
.
.
$1,085,187 52
.
18,500 00
Liabilities.
Due depositors on 2,761 accounts, averaging $393.04 each
.
.
(Accounts opened during year, 5 5 6 ; closed, 3 6 8 ; increase, 1 8 8 )
Suiplus: —
Guaranty fund (1 .7 0 % o f deposits; increase during year, $2 ,9 0 0 ) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Total Liabilities .
.
.
.
$4,397 15
2,268 21
-----------------------
.
.
.
* This amount exceeds the legal limit and bank was so notified.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,128 94
$1,105,816 46
No. 8.]
BANK COMMISSIONER.
85
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,546.76
,$3,046.00
$1,414.25
$314.10
$728.30
$7,049.41
Cost per $1,000 of assets
1.40
2 .7 5
1.28
.28
.66
6.37
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.69
Gross income received during the year, $48,247.85.
Rates on Investments and Loans (Average on All, 4.99% ).
Real estate loans
(average rate, 5.24 per cent.): 5%, $440,676.36; 534%, $8,000; 5)4% . $286,940; 6%,
$38,070.
Personal loans
(average rate, 4.72 per cent.): 434%. $53,675; 4)4% . $21,540; 5%, $43,617.77; 5)4% ,
$23,850.
(average rate on book values, 4.11 per cent.): 3)4% . $16,000; 4%, $107,500; 4 )4% ,
$20,000; 5%, $23,000; 6%, $500; 8%, $4,600.
Bonds, stocks, etc.
Number of loans not over $3,000 each, 150, amounting to $206,024.25.
27 real estate loans made during year, amounting to $120,000.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 4,545, amounting to
$18,316 89
19,590 49
301,836 49
Number of withdrawals during year, 2,932, amounting to
$339,743 87
235,996 84
Net increase in amount due depositors
$103,747 03
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$1,000 Barre, Vt., 4s
5.000 Beverly 4s
1.000 Boston 3)4s
15,000 Omaha, Neb., 4}4s
3.000 Augusta, Me. (W. Dist.), 4s
Public Funds, Notes.
14,500 Lynn 4s
$39,500
Railroad Bonds.
$6,000 Aroostook Northern 5s
5.000 Bangor & Aroostook 5s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000 B. & N. Y. Air Line 4s
10.000 Boston & Providence 4s
18.000 C., B. & Q. 4s
3.000 Chic., Mil. & St. Paul 4s
1.000 Fitchburg 4s
5.000 Illinois Central 3)4s
5.000 Louisville & Nash. 4s
5.000 Mich. Cen.-Jol. & No. Ind. 4s
5.000 No. Maine Seaport 5s
5.000 N. Y., N. H. & H. 3)4s
20.000 N. Y., N. H. & H. 4s
5.000 Washington Co. 3)4s
$98,000
M ay 23, 24.
* A legal investment when made.
Street Railway Bonds.
$2,000 Athol & Orange 5s*
5.000 Boston Elevated 4)4s
5.000 Lynn & Boston 5s
2.000 West End 4s
$14,000
Bank Stocks.
Shs.
20 Commercial Nl. Bk., Boston
5 Peoples Nl. Bk., Boston
26 Manufacturers Nl. Bk., Lynn
86
[Pub. Doc.
REPORT OF THE
CONWAY SAVINGS BANK, CONWAY.
M AIN STREET.
Incorporated March 10, 1887.
A . P.
Number of corporators, 23; number of trustees, 15.
A. C.
D e l a b a r r e , President.
H. W .
Board o f Trustees: M
a x
V. D . B a r d w e l l , H . W . B i l l i n g s , S.
F. E l m e r , A . C . G u i l f o r d , C. L. H a s s e l l , A .
A . J. P a t t e r s o n , H . D . P e a s e , H . T o w n s e n d .
A n tes,
A. P. D elabarre, C.
C harles
P arson s,
Board o f Investm ent:
J. B.
A uditing Comm ittee: C
Packard,
harles
G u i l f o r d , Treasurer.
B i l l i n g s , Clerk o f the Corporation.
H. D .
P ease,
P arson s, H .
W.
A. P.
D elabarre,
B il l in g s , C .
F.
H.
C. L. B o y d e n ,
J. B . P a c k a r d ,
B o ic e ,
G . H ow es,
C. F.
E lm er,
C. L.
B oyden.
E lm er.
Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay
able M ay 1 and November 1. Business hours: 10 a . m . to 12 m .
STATEMENT OF CONDITION. OCTOBER 31. 1912.
Assets.
Estimated
Market Value.
Par Value.
$5,800
56,000
21,000
3,300
5,000
9,000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
$5,797
52,780
20,085
3,430
4,800
8,055
00
00
00
00
00
00
50
00
00
00
00
00
$94,947 50
$100,100 00
162 loans on real estate {average o f each, $ 1 ,7 6 7 .9 4 ) .
.
.
.
.
.
.
23 loans on personal security
.
.
.
.
.
.
.
.
.
.
Furniture and fixtures,
.
.
.
.
.
.
.
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $ 3 ,0 0 0 )
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................
Book Value.
$5,800
55,185
20,300
3,300
5,000
8,385
00
00
00
00
00
00
$97,970 00
286,406
41,008
300
7,000
16,722
3,092
90
33
00
00
21
22
Total Assets
.
.
.
.
.
$452,499 66
Due depositors on 1,208 accounts, averaging $355.75 each
.
.
.
.
.
$429,746 65
Liabilities.
(.Accounts opened during year, 1 0 4 ; closed, 1 1 3 ; decrease, 9)
Surplus: —
a. Guaranty fund (3 .8 2 % o f deposits; increase during year, $ 1 ,1 0 0 )
h. Profit and loss ( increase during year, S13.SS)
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
.
.
.
16,400 00
6,353 01
.
.
$452,499 66
.
.
.
.
No. 8.]
BANK COMMISSIONER.
87
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$634.62
$800.00
$200.00
Cost per $1,000 of assets
1.40
1.77
.44
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses. Total.
$316.63
$1,976.25
$25.00
.06
.70
4.37
2 .5 3
Gross income received during the year, $21,132.11.
Rates on Investments and Loans (Average on All, 4.84% ).
Real estate loans (average rate, 5.02 per cent.): 5%, $278,970;
Personal loans (average rate, 5.04 per cent.): 5%, $38,758.33;
B onds, stocks, etc. (average rate on book values, 4.20 per cent.):
$5,000; 5 % , $14,000; 7 % , $600.
6%, $7,436.90.
6%, $2,250.
3J^%, $14,000; 4%, $66,500; 4Jti%,
Number of loans not over $3,000 each, 161, amounting to $220,206.90.
9 real estate loans made during year, amounting to $16,500.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2 %
Oct., 1912,2%
Number of deposits during year, 651, amounting to
.
Number of withdrawals during year, 586, amounting to
Net decrease in amount due depositors
.
.
.
.
.
$8,251 30
8,195 74
40,962 51
.
.
.
.
.
.
.
.
.
.
.
$57,409 55
64,403 15
$6,993 60
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$1,000 Newton 4s
Public Funds, Notes.
4,800 Conway 4s
$5,800
Railroad Bonds.
$6,000 Bangor & Aroostook 5s
1.000 Boston & Albany 4s
2.000 Boston & Maine 3V£s
5.000 Boston & Maine 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000 C., B. & Q. 3^s
10.000 C., B. & Q. 4s
5.000 Chic., R. I. & Pac. 4s
1.000 Conn. River 4s
1.000 Danbury & Norwalk 4s
5.000 Illinois Central 3}^s
5.000 Michigan Central 4s
10.000 N. Y., N. H. & H. 4sf
1.000 Old Colony 4s
1.000 St. J. & L. C. 5s
1.000 Wore., Nash. & R. 4s
$56,000
August 1.
t $5,000 not a legal investment.
Street Railway Bonds.
$5,000 Boston Elevated 4)^s
10,000 Boston & Northern 4s
6,000 Mystic Valley 5s
$21,000
Bank Stocks.
Shs.
17 Conway Nl. Bank
10 City Nl. Bk„ Holyoke
6 North Adams Nl. Bank
REPORT OF THE
[Pub. Doc.
COUNTY SAVINGS BANK, CHELSEA.
435 BROADW AY.
Branch Offices: Town Hall, Broadway, Revere; Floyd and Tucker Streets, W inthrop.
Incorporated February 27, 1890.
Number of corporators, 106; number of trustees, 37.
A l b e r t D . B osso n , President.
W a l t e r S. F r a c k e r , Treasurer.
V e b n o n A . F i e l d , Clerk o f the Corporation.
A. A d d iso n , I. R . A l l e n , A . B. A t w o o d , A . D . B o sso n , C a m p b e l l B o sso n ,
P r esco tt C h a m b e r l a in , D . J. C o b u b n , F. F. C o o k , F. E . C o x , J. M . C u r l e y , T . F. D b is c o l l ,
V. A . F ie l d , D a v id F l o y d , W . S. F b a c k e b , C. W . F r e e m a n , T . B . F r o s t , A . 'E . G a t e s , G . B.
G u il d , T . G . M . H a w k s , W . S. H i x o n , W il l a r d H o w l a n d , E b e n H u tc h in so n , C. E . L e g g ,
G . W . M o s e s , D . A . O ’B r ie n , R oscoe P ie r c e , M . J. P l e s c h in g e r , M . E . R ic e , S. H . R o b ie ,
E . W . R o b e r t s , W a l l a c e S p o o n e r , D . H . S u l l iv a n , G . A . T a p l e y , A . B . T a r b o x , F r e d T h e is e ,
C. A . W a r r e n , R . S. W e n t w o r t h .
B oard o f Trustees: T .
Board o f Investm ent:
A. D . B osso n , W . S. H i x o n , G. W . M o s e s , D . A . O ’B r ie n , R . S. W
Auditing Committee: P r e s c o tt C h a m b e r l a in ,
entw orth.
T . B. F r o st , G. A. T a p l e y .
Deposits draw interest from third Saturday of January, April, July and October; dividends are pay
able the M onday following the third Saturday of April and October. Business hours: 8 a . m . to
1 p . m . ; also Saturdays, 5 to 9 p . m ., for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$204,948
209,300
89.000
28,150
5,000
33.000
10.000
72
00
00
00
00
00
00
$579,398 72
Estimated
Market Value.
$202,358
189,601
85,937
45,475
4,800
29,535
500
Book Value.
19
00
50
00
00
00
00
$204,861
202,143
87,095
33,029
5,000
29,615
10
$558,206 69
22
12
00
50
00
00
91
$561,754 75
$1,133,634 84
6,750 00
610 loans on real estate (average o f each, $ 1 ,8 4 7 .3 5 ) .
Less amount due on uncompleted loans .
40 loans on personal security
.
.
.
Bank building and fixtures (estimated value, $ 4 6 ,0 0 0 ; assessed value, 8 3 8 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
1,126,884
393,150
43,000
50,380
1,210
.
.
84
00
00
00
59
$2,176,380 18
Total Assets
Liabilities.
$2,020,527 73
Due depositors on 6,621 accounts, averaging $305.17 each
( Accounts opened during year, 1 ,1 1 3 ; closed, 7 0 8 ; increase, 4 0 4 )
Surplus: —
a. Guaranty fund {4 .9 4 % ° f deposits; increase during year, $33 ,0 0 0 )
b. Profit and loss {decrease during year, $ 1 5 ,7 3 0 .7 9 ) .
Current income: —
a. Interest .
.
.
.
.
.
.
$1,708 33
h. Rent
.
.
.
.
.
.
.
257 08
----------------------$1,965 41
Less current expenses not charged off
.
.
.
.
562 38
----------------------Suspense account
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
100,000 00
53,849 42
1,403 03
600 00
. $2,176,380 18
BANK COMMISSIONER.
No.
89
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$3,189.99
$7,081.06
Cost per $1,000 of assets
1.46
3 .25
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$253.08
.12
.
.
Other Expenses.
Total.
$1,615.54
$12,139.67
.74
5.57
.
.
.
4.11
Gross income received during the year, $103,137.33.
Rates on Investments and Loans (Average on All, 5.12% ).
(average rate, 5.64 per cent.): 4%, $4,500; 5%, $302,570; 5 2£%, $8,700; 524%.
$165,005; 6%, $646,109.84.
Personal loans {average rate, 5.03 per cent.): 4M%, $63,200; 4J4%, $5,000; 424%, $53,500: 454%,
$4,000; 424%, $76,500; 5%, $35,000; 524%, $15,800; 524%, $50,800; 5M % , $31,000; 6%. $58,350.
B on d s , stocks, etc. (average rate on book values, 4.14 per cent.): 3%, $48,000; 324%, $84,960; 324%,
$17,665; 3.8%, $10,000; 3.9%, $1,500; 4%, $267,323.72; 4J4%, $14,500; 424%, $58,000; 424%,
$15,000; 5%, $30,000; 6%, $8,000; 7%, $7,000; 8%, $6,250; 10%, $1,200.
Real estate loans
Number of loans not over $3,000 each, 542, amounting to $727,244.44.
62 real estate loans made during year, amounting to $143,050.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
.
.
.
.
.
Oct., 1 9 1 2 , 2 % ..........................................
Number of deposits during year, 11,953, amounting to
.
.
.
.
.
Number of withdrawals during year, 6,738, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
$35,630 72
37,145 34
508,014 94
$580,791 00
430,883 29
.
.
$149,907 71
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000 Massachusetts 3s
1.000 Allegheny, Pa., 324s
13.000 Boston 4s
3,800 Brockton 324s
4.000 Brockton 4s
3.000 Cedar Rapids, la., 6s
5.000 Chelsea 4s
15.000 Chicago, 111., 4s
5.000 Grand Rapids, Mich., 424s
3.000 Minneapolis, Minn., 424s
2.000 New Bedford 324s
10.000 Sioux City, la., 424s
5.000 So. Norwalk, Ct., 4e
5.000 Yonkers, N. Y., 424s*
2.000 Agawam 4s
1.000 Arlington 4s
500 Hyde Park 4s
3,320 Revere 4s
1.000 So. Abington 4s
800 So. Wayne, Ind., 6s
2.000 Winthrop 324s
4.000 Winthrop 4s
Public Funds, Notes.
1.500 Bernardston 3.90%
4.500 Dighton 4.25%
3,579 Essex 4s
2.000 Holbrook 4s
4,299 Hull 4s
1,700 Methuen 4s
8,875 Needham 4s
5.000 Randolph 3.80%
D ate
op
$5,000 Rehoboth 3.80%
2.500 Revere 324s
15,665 Revere 3.75%
8.500 Revere 4s
10.000 Revere 4.25%
1,250 Salisbury 4s
1.500 Saugus 4s
4,660 Winthrop 324s
15.000 Winthrop 4.75%
$204,948
Railroad Bonds.
$2,000 Baltimore & Ohio 324s
15.000 Boston & Albany 4s
5.000 Boston & Lowell 4s
5.000 Boston & Maine 3s
2.000 Boston & Maine 324s
5.000 Boston & Maine 4s
5.000 Boston & Maine 424s
10.000 C., B. & Q. 324s
10,300 C., B. & Q. 4s
5.000 C., M. & St. Paul 424s
6.000 Chic. & Northwestern 5s
5.000 Chic. & Northwestern 4s
6.000 Concord & Montreal 4s
10.000 Connecticut River 324s
6.000 Fitchburg 4s
23.000 Illinois Central 3s
5.000 Illinois Central 324s
5.000 Louisville & Nash. 4s
11.000 Michigan Central 324s
5.000 N. Y. C. & H. R. 324s
12.000 N. Y., N. H. & H. 324s
E x a m in a t io n , January 8, 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* Legal investments when made.
$32,000 N. Y „ N. H. & H. 4s
5.000 Old Colony 4s
4.000 Peoria & Northw. 324s
5.000 Upper Coos 4s
5.000 Washington Co. 324s
$209,300
Street Railway Bonds.
$20,000 Boston Elevated 4s
20.000 Boston Elevated 424s
21.000 Boston & Northern 4s
4.000 Glouc., Essex & Bev. 5s
3.000 Lowell, Law. & Hav. 5s
7.000 Lynn & Boston 5s
3.000 Union 5s
6.000 West End 4s
5.000 Worcester Consol. 424s*
$89,000
Bank Stocks.
Shs.
25 First Ward Nl. Bk., Boston
25 Nl. Shawmut Bk., Boston
12 Second Nl. Bk., Boston
50 State Nl. Bk., Boston
20 Webster & Atlas Nl. Bk., Boston
45 Chelsea Trust Co.
12 Dedham Nl. Bank
25 First Nl. Bk., Newburyport
25 Warren Nl. Bk., Peabody
30 Mercantile Nl. Bk., Salem
25 Merchants Nl. Bk., Salem
90
REPORT OF THE
[Pub. Doc.
CROCKER INSTITUTION FOR SAVINGS, TURNERS FALLS.
40 SECOND STREET.
Incorporated April 3, 1869.
Number of corporators, 34; number of trustees, 17.
J oseph F . B a r t l e t t , President.
N or m a n P . F a r w e l l , Treasurer.
C h a r l e s R . St o u g h t o n , Clerk o f the Corporation.
M . B. A l l e n , J. F. B a r t l e t t , E. L. B a r t l e t t , H. D . B a r d w e l l , H. B. B a r t o n ,
A. C. B u r n h a m , F. N . C o n a n t , N . P. F a r w e l l , P o r t e r F a r w e l l , W . H. P . G il m o r e , E. L.
G o d d a r d , G. H. G o d d a r d , J. A. G u n n , H. W . M o n t a g u e , C. R . S t o u g h to n , M . A. W a r d ,
F. I. W e b s t e r .
Board o f Trustees:
Board o f Investm ent: J. A . G u n n ,
A uditing Comm ittee: M .
E. L. G o d d a r d , M . B. A l l e n .
B. A l l e n , C. R . S t o u g h t o n , W . H. P. G il m o r e .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$142,200
288,000
90.000
7,675
15.000
00
00
00
00
00
$542,875 00
Estimated
Market Value.
$138,989
270,225
87,465
10,505
13,425
$520,609 75
390 loans on real estate (average o f each, $ 3 ,2 6 8 .7 8 ) .
.
.
.
.
.
71 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $4-3,000; assessed value, $ 2 5 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets
75
00
00
00
00
.
.
.
.
.
.
Book Value.
$142,166
283,646
88,725
7,501
13,515
75
25
00
00
00
$535,554 00
1,272,876 00
163,651 65
43,000 00
25,544 24
3,768 30
. $2,044,394 19
Liabilities.
Due depositors on 4,618 accounts, averaging $418.10 each
.
$1,930,813 19
(Accounts opened during year, 5 2 4 ; closed, 4 $ $ ! increase, 86)
Surplus: —
a. Guaranty fund (4 .6 1 % o f dep osits; increase during year, $ 5 ,5 0 0 )
b. Profit and loss (increase during year, $ 1 ,5 6 3 .4 5 )
Current income: —
a. Interest .
.
.
.
.
.
.
$11,855 16
b. R e n t ...............................................................
1,261 54
89,000 00
13,831 52
$13,116 70
Less current expenses not charged off
Less State or local taxes not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,793 38
573 84
2,367 22
-----------------
Total Liabilities
.
10,749 48
. $2,044,394 19
No.
BANK COMMISSIONER.
91
Total Expenses for the Year, including State Taxes.
State Tax (Net.)
Salaries.
Rent.
Amount paid for
$2,865.73
$3,130.00 $400.00
Cost per $1,000 of assets
1.40
1.53
.19
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
$184.73
$995.72
.09
.49
.
.
.
.
Total.
$7,576.18
3 .70
2.11
Gross income received during the year, $93,561.95.
Rates on Investments and Loans (Average on All, 4.77%).
Real estate loans (average rate, 5 per cent.): 5%, $1,272,876.
Personal loans (average rate, 5.12 per cent.): 5%, $122,921.65; 52^%, $40,730.
Bonds, stocks, etc. (average rate on book values, 4.13 per cent.): 3%, $10,000; ZX
A% ,
$337,500; 4 H % , $15,000; 4 y 2% , $87,700; 4M % , $2,000; 5%, $14,000; 7%, $7,500.
$69,000- 4%
Number of loans not over $3,000 each, 396, amounting to $350,607.65.
32 real estate loans made during year, amounting to $219,475.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 3,837, amounting to
.
.
.
.
.
.
$35,913 85
.......................................... 36^896 68
.
.
.
.
287,542 43
Number of withdrawals during year, 2,833, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$360,352 96
281,428 34
.
.
$78,924 62
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Boston 3M>s
5.000 Buffalo, N. Y „ 4s
20.000 Fall River 4s
10.000 Los Angeles, Cal., 42^s
3.000 Lynn 4s
5.000 Norwalk, Conn., 4s
15.000 Oshkosh, Wis., 4s
5.000 Minneapolis, Minn., 4s
12.000 Montague 4s
10.000 Peabody 3)^s
Public Funds, Notes.
4,300 Gill 4s
1,700 Gill 4^s
2,000 Gill 4%s
24,200 Montague 4s
Railroad Bonds.
$49,000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
8.000 C., B. & Q. 3^s
30.000 C., B. & Q. 4s
10.000 Ohio., R. I. & Pacific 4s
2.000 Conn. & Pass. Rivers 4s
10.000 Concord & Montreal 4s
25.000 Delaware & Hudson Co. 4s
15.000 Great Northern 4J4s
10.000 Illinois Central 3s
16.000 Illinois Central 3J^s
15.000 Illinois Central 4s
5.000 N. Y „ N. H. & H. 32^s
35.000 N. Y „ N. H. & H. 4sf
10.000 No. Maine Seaport 5s
13.000 Old Colony 4s
5.000 Sioux City & Pac. 3J^s
5.000 Upper Coos 4s
$142,200
$10,000 Vermont Valley 4Hs
5,000 Worcester, Nash. & R. 4s
$288,000
Street Railway Bonds.
$4,000 Athol & Orange 5s*
10.000 Boston Elevated 4s
40.000 Boston Elevated 4J^s
10.000 Boston & Northern 4s
1.000 Fitchburg & Leominster 4)^s
10.000 Hoosac Valley 4s*
5.000 West End 4J4s
10.000 Worcester Consol. 4J^s*
$90,000
Bank Stocks.
Shs.
5 Tremont Nl. Bk., Boston
75 Crocker Nl. Bk., Turners Falls
D a t e of E x a m in a t io n , April 15 and 16.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $20,000 not a legal investment.
92
REPORT OF THE
[Pub. Doc,
DANVERS SAVINGS BANK, DANVERS.
13 MAPLE STREET.
Incorporated March 20, 1850.
Number of corporators, 59; number of trustees, 19.
C h a r l e s H. P r e s t o n , President.
J. F r a n k P o r t e r , Treasurer.
A n se l P . T y l e r , Clerk o f the Corporation.
G. C . A b b o t t , J osh u a A r m it a g e , A . W . B e c k f o r d , G. W . C l a p p , L. S. C o u c h ,
F. J. D e r r y , A l fr e d H u tc h in so n , J u l iu s P e a l e , C. N. P e r l e y , N. P. P e r k in s , I. D . P o p e ,
J. F. P o r t e r , C. H. P r e s t o n , A . H. P u tn a m , L. J. R oss, G. B. S e a r s , W . E. S m a r t , H. S. T a p l e y ,
I. M . W o o d b u r y .
Board o f Trustees:
Board o f Investm ent:
C. H. P r e s t o n , J o sh u a A r m it a g e , C. N. P e r l e y , I. D . P o p e , H. S. T a p l e y .
Auditing Comm ittee:
C. H. P r e s t o n , I. D . P o p e , L. J. R oss, G. B. S e a r s .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 8 a .m . to 12 m .; 1 to 3 p . m .; Saturdays, 8 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds . ,
Securities acquired in settlement of indebtedness
$84,500
416,000
140,000
24,600
85,000
53,000
27,000
$84, 318
384, 565
130, 600
33, 740
81, 600
47, 435
7, 677
00
00
00
00
00
00
00
.
.
.
.
.
12
00
00
00
00
00
00
$769,935 12
$830,100 00
548 loans on real estate (average o f each, $ 3 ,1 7 3 .8 5 ) .
Less amount due on uncompleted loans .
.
.
Book Value.
$84,500
412,522
137,687
23,944
85,000
48,107
5,538
$797,299 91
$1,739,744 28
750 00
.
1,738,994
119,569
1,400
55,320
277
39,712
2,046
34 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 5 7 ,2 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets
.
Due depositors on 6,517 accounts, averaging $388.97 each
.
00
50
50
08
00
50
33
.
.
.
.
28
00
00
11
42
76
77
$2,754,620 25
Liabilities.
.
.
.
.
$2,534,937 84
.
126,600 00
82,218 20
(Accounts opened during year, 8 0 S ; closed, 5 2 8 ; increase, 275)
Surplus: —
a. Guaranty fund (4 -9 9 % o f deposits; increase during year, $ 3 ,9 0 0 )
b. Profit and loss ( increase during year, $ 4 ,4 3 2 .0 6 )
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
.
.
.
.
.
$11,240 87
376 66
-----------------------
10,864 21
.
$2,754,620 25
BANK COMMISSIONER.
No.
93
Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$3,076.61 $3,050.00
$400.00
Cost per $1,000 of assets
1.12
1.11
.14
Cost per $1,000 of assets not including State tax and rent
Advertising. Other Expenses.
Total.
$1,360.34
$8,018.03
$131.08
.49
2.91
.05
1.65
Gross income received during the year, $123,826.95.
Rates on Investments and Loans (Average on All, 4.81%).
(average rate, 5.20 per cent.): 4J^%, $85,400; 5%, $1,025,665.28; 5)4%» $3,000; 5 A % ,
$476,380; 5M % , $3,500; 6%, $144,849; 7%, $200.
Personal loans (average rate, 4.88 per cent.): 4 À % , $76,000; 5%, $4,350; 5 K % . $30,300; 6%, $8,919.
Bonds, stocks, etc. (average rate on book values, 3.97 per cent.): 3 A % , $239,000; 4%, $469,500; 4K%>
$60,000; 5%, $17,500; 6%, $9,100; 7%, $5,500.
Real estate loans
Number of loans not over $3,000 each, 409, amounting to $539,102.
57 real estate loans made during year, amounting to $154,050.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 4,813, amounting to
.
.
Number of withdrawals during year, 4,198, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
...........................................
.
.
.
.
.
.
.
.
.
.
.
$47,602 12
48,879 74
370,156 13
.
$466,637 99
386,220 92
.
$80,417 07
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Chicago, 111., 4s
25.000 Los Angeles, Cal., 4}^s
15.000 Quincy 4s
10.000 Seattle, Wash., 4}4s
3,000 Danvers 3)^s
26,500 Danvers 4s
$84,500
Railroad Bonds.
$10,000 Bangor and Aroostook 5s
70,000 Boston & Maine 4s
$25,000 C„ B. & Q. 4s
25.000 Chicago & Northwestern 4s
25.000 Conn. & Pass. Rivers 4s
50.000 Fitchburg 3J^s
10.000 Fitchburg 4s
56.000 Illinois Central 3 A s
25.000 N. Y., N. H. & H. 3J^s
45.000 N. Y., N. H. & H. 4s
15.000 Penobscot Shore Line 4s
25.000 Upper Coos 4 X
A$
20.000 Washington Co. ZAß
15.000 Wore., Nash. & R. 4s
$416,000
D a t e of E x a m in a t io n , M ay 2, 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$115,000 Boston Elevated 4s
25,000 Boston & Northern 4s
$140,000
Bank Stocks.
Shs.
10 Beverly National Bank
60 Nl. Bk. of Commerce, Boston
37 State Nl. Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
75 Danvers Nl. Bank
21 Warren Nl. Bk., Peabody
100 Nl. Exchange Bk., Salem
94
REPORT OF THE
[Pub. Doc.
DEDHAM INSTITUTION FOR SAVINGS, DEDHAM.
603 HIGH STREET.
Incorporated March 19, 1831.
Number of corporators, 62; number of trustees, 15.
C l ift o n P. B a k e r , President.
J o seph H. S o l id a t , Treasurer.
C o r n e l iu s A. T a f t , Clerk o f the Corporation.
C. P. B a k e r , J. H. B u r d a k in , S. H. C a p e n , F. D . E l t , D . G. H i l l , A. H. H od gd on ,
H. D . H u m p h r e y , F. J. S t im so n , C. A. T a f t , J. H. T u t t l e , W . H. W a d e , J. L. W a k e f ie l d ,
W in s l o w W a r r e n , S. M . W e l d , W . C. W il l ia m s .
Board o f Trustees:
Board o f Investm ent:
C. P. B a k e r , W in sl o w W a r r e n , D . G. H il l , J. H. B u r d a k in , S. H. C a p e n .
A uditing Comm ittee:
F. D . E l y , C . A. T a f t , A. H . H o d g d o n .
Deposits draw interest from first day of February, M ay, August and November; dividends are pay
able on M onday following the second Saturday of M ay and November. Business hours: 9 a .m .
to 3 p . m .; Saturdays, 9 a .m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$636,050
1,157,000
340,000
23,500
92,000
39,757
$628,490
1,073,552
327,880
36,325
82,340
33,825
00
00
00
00
00
92
$2,288,307 92
478 loans on real estate (average o f each, $ 2 ,5 7 9 .2 3 ) .
.
49 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $ 4 5 ,0 0 0 ; assessed
Real estate by foreclosure, etc. (assessed value, $ 5 ,8 0 0 )
.
Deposits in national banks or trust companies
.
.
.
.
.
75
50
00
00
00
00
$2,182,413 25
value, $ 6 3 ,2 0 0 )
.
.
.
.
.
.
$636,050
1,132,433
334,206
23,500
85,195
39,757
00
85
25
00
00
92
$2,251,143 02
1,232,874
1,344,000
35,000
4,296
61,328
.
.
.
Book Value.
00
00
00
97
90
. $4,928,642 89
Total Assets
Liabilities.
Due depositors on 10,847 accounts, averaging $416.99 each
.
.
.
.
.
$4,523,055 02
(Accounts opened during year, 1 ,4 5 9 ; closed, 6 7 6 ; increase, 783)
Surplus: —
a. Guaranty fund (4 .9 1 % o f deposits; increase during year, $ 6 ,5 5 8 .3 5 )
b. Profit and loss (increase during year, $ 7 ,8 1 7 .9 0 )
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
222,228 52
93,379 51
.
89,979 84
Total L ia b ilitie s .......................................... $4,928,642 89
BANK COMMISSIONER.
No. 8.]
95
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$16,006.23
$7,468.00 $1,000.00
Cost per $1,000 of assets
3.24
1.60
.20
C ost per $1,000 o f assets not including State tax and rent .
.
.
Other Expenses.
Total.
$1,623.66 $26,097.89
.32
5.36
.
.
.
1.92
Gross income received during the year, $205,580.39.
Rates on Investments and Loans (Average on All, 4.43% ).
Real estate loans (average rate, 5.05 per cent.): 5%, $1,162,949; 5 K % , $2,200; 6%, $67,725.
Personal loans (average rate, 4.50 per cent.): 4%, $25,000; 4 M%> $580,000; 4 ^ % , $120,000; 4J^%,
$282,000; 4 ^ % , $25,000; 4M % . $100,000; 5%, $42,000; 5 K % , $145,000; 5 % % , $25,000.
Bonds, stocks, etc. (average rate on book values, 4.04 per cent.): 3J^%, $509,000; 3 M%> $4,000; 4%,
$1,431,807.92; 4 ^ % , $25,000; 4J^%, $295,000; 6%, $21,000; 8%, $2,500.
Number of loans not over $3,000 each, 366, amounting to $614,760.
134 real estate loans made during year, amounting to $391,075.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
May, 1912, 2%
Number of deposits during year, 8,603, amounting to
$83,741 87
85,122 71
586,531 71
Number of withdrawals during year, 6,416, amounting to
$755,396 29
597,516 57
$157,879 72
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$80,000 Boston 3p£s
38.000 Bridgeport, Ct., 4s
55.000 Chicago, 111., 4s
10.000 Dayton, 0., 4s
24.000 Fall River 3p£s
25.000 Fall River 4Ms
10.000 Fall River 4)^s
38.000 Grand Rapids, Mich., 4)^s
12.000 Indianapolis, Ind., 4s
25.000 Kansas City, Mo., 4)^s
35.000 Lynn 4s
14.000 Manchester, N. H., 4s
15.000 Manchester. N. H. 4p£s
20.000 Melrose 4s
10.000 Newton 3p£s
45.000 Newton 4s
17.000 Northampton 4s
38.000 Norwalk, Ct., 4s
25.000 Scranton, Pa., 4p£s
25.000 Dedham 4s
25.000 Methuen 4s
25.000 Peabody 4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Public Funds, Notes.
$12,050 Dedham 4s
4.000 Dedham 4)^s
5.000 Millis 4s
4.000 Westwood 3j)4s
$636,050
Railroad Bonds.
$100,000 Baltimore & Ohio 3Jd>s
50.000 Boston & Albany 3J^s
25.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
14.000 Boston & Maine 3J^s
80.000 Boston & Maine 4s
45.000 Boston & Maine 4J^s
25.000 Boston, R. B. & L. 4^s
26.000 C„ B. & Q. 3 y2s
30.000 C„ B. & Q. 4s
100,000 Chic. & North. 4s
40.000 Delaware & Hudson Co. 4s
65.000 Fitchburg 4s
85.000 Illinois Central 3}4s
50.000 N. Y. C. & H. R. 3P&
20.000 N. Y., N. H. & H. 3Ms
February 12, 13, 14.
$160,000 N. Y., N. H. & H. 4s
30.000 Norwich & Worcester 4s
25.000 Old Colony 3p£s
99.000 Old Colony 4s
15.000 P., Gt. Falls & C. 4J^s
25.000 Washington Co. 3L£s
28.000 Wore., Nash & R. 4s
$1,157,000
Street Railway Bonds.
$100,000 Boston Elevated 4s
67.000 Boston Elevated 4p2S
50.000 Boston & Northern 4s
97.000 West End 4s
26.000 West End 4)4s
$340,000
Bank Stocks.
Shs.
75 Nl. Bk. of Commerce, Boston
25 Nl. Union Bk., Boston
60 Peoples Nl. Bk., Boston
75 Dedham Nl. Bank
96
REPORT OF THE
[Pub. Doc.
DORCHESTER SAVINGS BANK, BOSTON.
586 COLUMBIA ROAD (DORCHESTER DISTRICT).
Incorporated April 16, 1894.
F r e d e r ic k
L . W a l k e r , President.
Board o f Trustees: W . H . A
H a r r is o n , L .
J.
G e o r g e W . B r a d f o r d , Treasurer.
M . W h i t m a n , Clerk o f the Corporation.
F rank
N. C.
E. P
Number of corporators, 33; number of trustees, 16.
bbott
, F. W . A rcher,
L ogan,
E.
G.
W . B radford, H . W . B u rke,
L . M il l e r , W . H . R o b e y , L .
C.
U p h a m , F . L . W a l k e r , F . M . W h it m a n , W . W . W h it m a r s h ,
Board o f Investm ent;
F. L.
Auditing Comm ittee:
E.
W alker,
W . H.
S. W o o d b u r y ,
R obey,
W . H.
E.
A bbott,
S. W o o d b u r y ,
E. P.
So u th ard , A .
E.
H. W .
G. E.
F rost,
H . Stearn s,
S. W o o d b u r y .
A. H.
B urke,
Ste a r n s.
U pham .
Deposits draw interest from second Wednesday of January, April, July and October; dividends are
payable next day following second W ednesday of April and October. Business hours: 2 to 7 p . m . ;
also Saturdays, 7 to 9 p . m ., for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Street railway bonds
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
.
.
.
$70,050
142,000
32.000
10.000
Ä
00
00
00
00
$254,050 00
Book Value.
$67,287
126,302
30,797
8,950
19
50
50
00
$233,337 19
265 loans on real estate (average o f each, $ 2 ,9 4 8 .7 7 ) .
27 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $6 ,2 5 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
$71,609
137,466
31,861
9,012
85
40
25
50
$249,950 00
781,425
173,240
3,917
17,931
3,539
00
00
26
17
78
Total Assets
$1,230,003 21
Due depositors on 7,155 accounts, averaging $166.35 each
$1,190,207 85
Liabilities.
{Accounts opened during year, 1 ,1 9 8 ; closed, 8 8 4 ; increase, 864)
Surplus: —
a. Guaranty fund { 1 .6 1 % o f deposits; increase during year, $ 2 ,8 3 2 .8 5 )
b. Profit and loss {increase during year, $ 8 7 1 .7 3 )
■ .
Current incom e: —
Interest
.
.
.
. '
.
Less current expenses not charged off
.
.
.
.
Premium account
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
Total Liabilities .
19,170 62
17,160 79
$3,644 61
203 41
3,441 20
22 75
. $1,230,003 21
No.
BAN K COMMISSIONER.
97
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,414.17
$2,891.36
$540.00
$320.75
Cost per $1,000 of assets
1.15
2 .3 5
.44
.26
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$971.82
.79
Total.
$6,138.10
4.99
3 .40
Gross income received during the year, $51,543.90.
Kates on Investments and Loans (Average on All, 4.86%).
Real estate loans
(average rate, 5.12 per cent.): 5%, $648,100;
5J^%, $44,750;
6%, $87,075;
7%,
$1,500.
Personal loans (average rate, 5.25 per cent.): 4^% > $24,250; 5%, $87,000; 5)4,% ,
Bonds, stocks, etc. (average rate on book values, 3.80 per cent.): 3%, $15,000;
$25,500; 6%, $36,490,
3J^%, $123,400; 4%,
$101,000; 4 H % . $6,650; 5%, $8,000.
Number of loans not over $3,000 each, 169, amounting to $325,515.
58 real estate loans made during year, amounting to $169,325.
î, Deposits and Withdrawals.
•: April, 1912, 2%
Oct., 1912,2%
amounting to
.
86, amounting to
.
.
.
.
.
.
.
.
.
.
.
.
Net increase in amount due depositors
$18,793 16
20,862 63
441,982 28
$481,638 07
288,942 46
$192,695 61
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$3,000 Massachusetts 3)^s
10.000 Boston 3)4s
5.000 Brockton 3His
10.000 Chelsea 3)^s
2.000 Chicago, 111., 4s
3.000 Holyoke 3}^s
650 Los Angeles, Cal., i)4a
1.000 Minneapolis, Minn., 4)^s
5.000 New London, Ct., 3J^s
2,400 Quincy 3J^s
2.000 Quincy 4s
2.000 Seattle, Wash., 5s
3.000 Wilkes-Barre, Pa., 3J^s
10.000 Hyde Park 4s
11.000 West Rutland, Vt., 3Ks
$70,050
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Railroad Bonds.
$8,000 Baltimore & Ohio 3)4s
3.000 Boston & Albany 3J^s
7.000 Boston & Albany 4s
1.000 Boston & Lowell 4s
5.000 Boston & Maine 3s
4.000 Boston & Maine 3)4ß
10.000 Boston & Maine 4s
2.000 Bridgeton & Saco River 4s
15.000 C., B. & Q. 3^s
5.000 Chic. & Northwestern 3)4a
1.000 Conn. & Pass Rivers 4s
3.000 Dexter & Piscataquis 4s
6.000 Fitchburg 3}^s
5.000 Fitchburg 4s
10.000 Illinois Central 3s
15.000 Illinois Central 3J^s
10.000 N. Y., N. H. & H. 3J^s
March 15, 16.
* A legal investment when made.
$22,000'N. Y., N. H. & H. 4s
1.000 Old Colony 4s
2.000 P., Gt. Falls & Con. i)4a
2.000 Portland & R. Falls 4s
5.000 Washington Co. 3)4a
$142,000
Street Railway Bonds.
$13,000 Boston Elevated 4s
5.000 Boston & Northern 4s
1.000 Wakefield & Stoneham 5s
5.000 West End 4s
3.000 West End 4)^s
5.000 Worcester Consol. 5s*
$32,000
98
REPO RT OF THE
[Pub. Doc.
EAST BOSTON SAVINGS BANK, BOSTON.
16 MAVERICK SQUARE (EAST BOSTON DISTRICT).
Incorporated April 26, 1848.
A in s l e y
R . H o o p e r , President.
A l v in
R alph
Board o f Trustees:
W .
Number of corporators, 43; number of trustees, 24.
H.
F.
E.
G r a in g e r ,
A.
P . Joh n son , E .
W .
A.
A.
B u rnh am , T hom as C opeland,
F. P .
D. L
G u r n e y , H a r r y H a m il t o n ,
e ig h t o n
P . J o h n s o n , Treasurer.
H o o p e r , Clerk o f the Corporation.
, G.
H.
L ib b y ,
J.
O. G .
H. B .
E aton,
H il l , J.
E . L ynch,
J.
G. H. G i b b y ,
F. H o d g e , A.
J. E.
A uditing Comm ittee: R .
J.
L ynch,
G ove,
G. M . P o r t e r , W i l l i a m M c K
E. D . L e i g h t o n , R . J. G o v e .
F. P.
ie
J. G o v e ,
R . H ooper,
M cK ie ,
A.
M . W al
A. R.
H ooper,
M o r r is o n , R ic h a r d P ig e o n , G . M . P o r t e r , E . P . R o b in s o n , G . M . S t a l k e r ,
c o t t , F. A. W o o d b u r y .
Board o f Investm ent:
R.
T . M a n s o n , W il l ia m
, H a r r y H a m il t o n ,
G urney, O. G. E aton.
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable after the third W ednesday of January and July. Business hours: 9 a . m . to 2 p . m . ; also
Saturdays, 7 to 9 p . m ., for deposits only; during June, July, August and September, close at 1 p . m .
Saturdays.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
$ 686,000 00
900.000
208.000
192,275
2,800
00
00
00
00
00
$686,000 00
$2,327,890 00
$1,992,276 00
$697,310
915,845
202,240
512,243
252
00
00
00
00
$1,989,075 00
Book Value.
1,395 loans on real estate (average o f each, $ 2 ,4 9 9 .2 2 )
.
.
.
.
22 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 2 5 ,0 0 0 ; assessed value, $ 2 8 ,6 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
'
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
898,875 00
208,000 00
199,400 00
1 00
3,486,405
565,700
10,000
185
224,419
3,211
00
00
00
49
62
37
Total A s s e t s .......................................... $6,282,197 48
Liabilities.
Due depositors on 17,070 accounts, averaging $336.06 each
.
( Accounts opened during year, 1 ,8 0 3 ; closed, 1 ,4 2 9 ; increase, 374)
.
.
.
.
Surplus: —
a. Guaranty fund (4 -9 3 % o f deposits; increase during year, $ 1 4 ,0 2 1 .7 7 )
b. Profit and loss {increase during year, $ 1 7 2 .1 7 )
.
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$36,052 32
b. Rent and expenses, bank building
.
.
88 53
----------------------$36,140 85
Less current expenses not charged off
.
.
.
.
.
5,423 91
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,736,612 50
282,974 95
231,893 09
30,716 94
Total Liabilities
.
. $6,282,197 48
No.
BANK COMMISSIONER.
99
Total Expenses for the Year, including’ State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$8,996.41
$13,025.32
$362.09
$600.00
Cost per $1,000 of assets
1.43
2.07
.10
.06
Cost per $1,000 of assets not including State tax and rent
Other Expenses.
Total.
$2,701.24 $25,685.06
.43
4.09
2.56
Gross income received during the year, $293,855.18.
Rates on Investments and Loans (Average on All, 4.92%).
Real estate loans
(average rate, 5.01 per cent.): 4)^% , $134,500; 5%, $3,185,005; 5J^%, $104,800 ; 6%,
$62,100.
(average rate, 4.51 per cent): 4%, $100,000; 4)|% , $205,000; 4% % , $25,000; 4 K % ,
$60,000; 5%, $100,000; 5M % . $75,000; 6%, $700.
Bonds, stocks, etc. (average rate on book values, 4 .8 8 per cent): 3J^%, $125,000; 4%, $874,000; 4 M%>
$15,000; 4 y 2% , $275,000; 5%, $467,000; 6%, $55,000 ; 7%, $18,700; 8%, $17,000; 10%, $15,500; 11%,
$85,700; 12%, $37,500.
Personal loans
Number of loans not over $3,000 each, 1,101, amounting to $1,953,030.
127 real estate loans made during year, amounting to $319,150.
i, Deposits and Withdrawals.
■: Jan., 1912, 2%
July, 1912, 2%
amounting to
.
.
.
695, amounting to
.
.
.
.
.
.
.
.
.
.
Net increase in amount due depositors
$104,095 47
106,321 86
1,104,821 00
$1,315,238 33
1,056,405 56
$258,832 77
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Akron,f0., 414s
20.000 Beverly 4s
125,000 Boston 4s
10.000 Chelsea 4s
25.000 Chicago, 111., 4s
40.000 Dayton, 0., 5s
45.000 Fall River 4s
15.000 Fall River 4 M s
10.000 Grand Rapids, Mich., 4)4s
24.000 Holyoke 4s
20.000 Indianapolis, Ind., 4s
30.000 Lynn 4s
20.000 Manchester, N. H., 4J4s
9,000 Milwaukee, Wis., 5s
10.000 Minneapolis, Minn., 4s
25.000 New Bedford 4s
10.000 Newton 4s
20.000 Providence, R. I., 4s
15.000 Quincy 4s
20.000 Springfield 4s
21.000 Springfield, 0., 4)4s
17.000 Springfield, 0., 5s
25.000 Waltham 4s
25.000 Youngstown, 0., 5s
25.000 Attleborough 4s
10.000 Easthampton 4s
25.000 Stamford, Conn., iM s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000 Swampscott 4s
10,000 Winthrop 4s
$ 686,000
Railroad Bonds.
$20,000 Bangor & Aroostook 5s
50.000 Boston & Albany 3)4s
20.000 Boston & Albany 4s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4M$
20.000 Central R.R. of N. J. 5s
15.000 C., B. & Q. 4s
27.000 C., B. & Q. 5s
50.000 Chic., Mil. & St. P. 5s
25.000 Chic. & Northwestern 4s
24.000 Chic. & Northwestern 5s
25.000 Cleveland & Pitts. 3J4s
31.000 Cleveland & Pitts. 4J4s
25.000 Conn. River 3)4s
25.000 Fitchburg 4J4s
25.000 Fre., Elkhorn & M. V. 6s
25.000 Housatonic 5s
25.000 Kal., Alle. & G. Rap. 5s
50.000 Mich., Cen.-Det. & B. C. 5s
50.000 Mi!., L. S. & W. 5s
13.000 Mil., L. S. & W. 6s
25.000 New England 5s
25.000 N. Y „ N. H. & H. 3 y 2s
110,000 N. Y., N. H. & H. 4s
April 22 and 23.
$15,000 No. Maine Seaport 5s
50.000 Old Colony 4s
25.000 Portland & Ogdens. 4J^s
5,000 Ports., Gt. F. & Con. 4J-£s
25.000 St. Johns & L. Champ. 5s
25.000 Vermont Valley 4J^s
$900,000
Street Railway Bonds.
$75,000 Boston Elevated 4s
38.000 Boston Elevated 4M s
20.000 Lynn & Boston 5s
25.000 Springfield 4s
50.000 West End 4s
$208,000
Bank Stocks.
Shs.
20 Commercial Nl. Bk., Boston
375 First Nl. Bk., Bcston
150 First Ward Nl. Bk., Boston
67 Fourth-Atlantic Nl. Bk., Boston
50 Merchants Nl. Bk., Boston
170 Nl. Bk. of Commerce, Boston
857 Nl. Shawmut Bk., Boston
105 Second Nl. Bk., Boston
120 State Nl. Bk., Boston
25 Tremont Nl. Bk., Boston
100
REPO RT OF THE
[Pub. Doc.
EAST BRIDGEWATER SAVINGS BANK, EAST BRIDGEWATER.
BEDFORD STREET.
Incorporated March 8, 1870.
C laren ce
A.
C h a n d l e r , President.
C harles
E d w a r d S. W h i t m a r s h , Clerk o f the Corporation.
Board o f Trustees:
R . O.
Number of corporators, 43; number of trustees, 18.
C. W .
B row ne,
F.
M a n n , Treasurer.
G. A. B u r r e l l , C. A. C h a n d l e r , D. C. F r e n c h , F. E . F u l l e r ,
S. A. K e i t h , C. F. M a n n , E . T . M o r s e , C. L. N u t t e r , R. W .
S. E . R y d e r , 6 . W . W a t e r m a n , E . N . W a r d , E. S.
H a r r is , E d w a r d H o b a r t ,
N u tter,
T.
H . P e r k in s ,
L.
W . R ic h a r d s ,
W h it m a r s h .
Board o f Investm ent: E
dw ard
Auditing Comm ittee: C .
A.
H obart, R . W . N utter, C. F. M an n , E .
C handler,
S.
S.
N . W ard, E .
W h it m a r s h .
E . R yder, F . E . F uller.
Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable
the first Tuesday of January and July.
Business hours: 9 a . m . to 12 m . ; 1 to 3 p . m . ; Saturdays,
9 a . m . to 12 m . ; also Wednesdays, 6.30 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$48,000
251,000
80,000
25,775
25.000
35.000
2,750
00
00
00
00
00
00
00
$47,588
230,572
78,625
55,775
24,000
31,325
5,605
.
75
50
00
00
00
00
00
Book Value.
$47,681
240,975
78,837
24,925
25,000
32,250
5,181
25
00
50
00
00
00
25
$473,491 25 • $454,850 00
$467,525 00
360 loans on real estate (average o f each, $ 8 ,0 1 1 .4 8 ) .
Less amount due on uncompleted loans .
1912.
$1,086,333 25
2,200 00
47 loans on. personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 ,0 0 0 ; assessed value, $8,500]
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
1,084,133
404,310
10,000
86
21,970
3,402
25
00
00
73
68
35
Total Assets
$1,978,753 01
Due depositors on 3,573 accounts, averaging $499.48 each
$1,784,648 89
Liabilities.
{Accounts opened during year, 26%; closed, %%9; increase, %8)
Surplus: —
a. Guaranty fund (4 -9 7 % o f deposits; increase during year, $ 2 ,2 0 1 .9 6 )
b. Profit and loss (increase during year, $ 1 0 ,4 4 6 -7 7 ) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
$37,076 07
b. Rent
.
.
.
.
.
.
.
5.89
----------------------$37,081 96
Less current expenses not charged off
.
. • .
.
1,658 15
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
88,706 54
68,853 77
35,423 81
1,120 00
. $1,978,753 01
101
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,966.23
$3,593.50
$500.00
Cost per $1,000 of assets
1.49
1.81
.25
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses. Total.
$24.00
$1,050.18 $8,133.91
.01
.53
4.09
2.35
Gross income received during the year, $94,224.03.
Rates on Investments and Loans (Average on All, 4.92%).
(average rate, 5.22 per cent.): 5%, $756,876; 5J^%, $177,775; 6%, $149,482.25.
(average rate, 4.84 per cent.): 4%, $25,000; 4 $ 2 0 , 0 0 0 ; 4 % % , $10,000; 4J^%,
$130,000; 4M % . $30,500; 4 % % , $25,000; 5%, $27,600; 5M %. $55,000; 53^%, $64,000; 6%, $17,210.
B onds , stocks, etc. (average rate on book values, 4.27 per cent.): 3J^%, $120,000; 4% , $240,750; 4>^%,
$81,000; 6%, $5,000; 7%, $11,900; 8%, $2,500; 10%, $2,500; 12%, $3,000.
Real estate loans
Personal loans
Number of loans not over $3,000 each, 237, amounting to $279,357.25
37 real estate loans made during year, amounting to $89,600.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 1,869, amounting to
$33,785 92
34,385 21
190,186 66
Number of withdrawals during year, 2,244, amounting to
$258,357 79
206,912 83
$51,444 96
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$15,000 Boston V /&
10.000 Boston 4s
15.000 Chelsea 4s
5.000 Des Moines, la., 4s
3.000 East Bridgewater 4s
$48,000
Railroad Bonds.
$25,000 Boston & Maine 4J^s
10.000 Baltimore & Ohio 3Hs
25.000 C., B. & Q. 3}^s
30.000 C., B. & Q. 4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000 C„ Mil & St. P. 4s
25.000 Chic. & Northwestern 4s
5.000 Fitchburg 4s
6.000 Fitchburg 4^s
10.000 Illinois Central 3Ks
35.000 N. Y „ N. H. & H. 3Hs.
45.000 N. Y., N. H. & H. 4s
15.000 Old Colony 4s
10.000 Penobscot Shore Line 4s
$251,000
Street Railway Bonds.
$5,000 Boston Elevated 4s
50,000 Boston Elevated 4Hs
February 13, 14.
$10,000 Boston & Northern 4s
15,000 West End 4s
$80,000
Bank Stocks.
Shs.
30 First Nl. Bk., Boston
75 Fourth-AtlantiC Nl. Bk., Boston
24 State Nl. Bk., Boston
25 State Street Tr. Co., Boston
25 Tremont Nl. Bk., Boston
20 Webster & Atlas Nl. Bk., Boston
50 Brockton Nl. Bank
25 Home Nl. Bk., Brockton
102
REPO RT OF THE
[Pub. Doc.
EAST CAMBRIDGE SAVINGS BANK, CAMBRIDGE.
292 CAMBRIDGE STREET (EAST CAM BRIDGE).
Incorporated April 29, 1854.
G u stavus
G o e p p e b , President.
C h a e i .e s
Board o f Trustees: C . W . D
G b a u s t e in ,
F.
H.
A.
a il e y
,
Number of corporators, 39; number of trustees, 16.
E.
W il l ia m
H . S l o a n , Clerk o f the Corporation.
L l o y d , Treasurer.
G. W . D e a b b o b n , J. G. F e b g u s o n , G u s t a v u s G
J. H a r t y , F . W . H a s t i n g s , G . H . L a w r e n c e ,
F. H arlow , M .
M arsh all,
W heeler.
D a v id
P roudfoot, D .
C.
P roudfoot, W .
F.
R o ss, W .
P.
oeppeb
W .
E.
,
A.
H.
L loyd,
Sutton, F.
B.
i
Board o f Investm ent: G
u stavu s
J. G.
G oeppeb,
F. B.
F ergu son ,
W heeler,
D a v id
P roudfoot,
C . W . D a il e y .
A uditing Com m ittee:
F. B.
W heeler,
M . J.
H arty,
A. F.
H ablow .
Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable
April 15 and October 15. Business hours: 9 a . m . to 1 p . m . ; Saturdays, 9 a . m . to 12 m . ; also Tues
days, for deposits only, from 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
. .
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$431,500
533.000
155.000
42,600
105.000
10,050
00
00
00
00
00
00
$433,155
520,670
154,475
79,588
93,975
7,781
$1,277,150 00
1,397 loans on real estate (average o f each, $ 2 ,5 7 9 .6 7 )
Less amount due on uncompleted loans .
.
.
.
.
.
f
..
.
49 loans on personal security
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 3 0 ,0 0 0 ; assessed
Real estate b y foreclosure, etc. (assessed value, $ 9 ,0 0 0 )
.
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
Book Value.
00
00
00
00
00
00
$3,607,902 30
4,100 00
.
.
.
.
.
3,603,802
816,680
25,000
4,565
1,036
7,516
19,983
.
.
.
.
.
.
00
36
00
00
75
92
$1,289,644 00 $1,255,417 03
value, $ 8 7 ,4 0 0 )
.
.
$431,500
530,132
154,700
40,950
96,093
2,040
Total Assets
30
00
00
13
68
17
68
$5,734,000 99
Liabilities.
Due depositors on 12,285 accounts, averaging $424.98 each
. $5,220,982 69
(Accounts opened during year, 1 ,7 7 5 ; closed, 1 ,5 5 0 ; increase, ZZ5)
Surplus: —
a. Guaranty fund (,4.97% o f deposits; increase during year, $ 7 ,6 0 0 .9 5 ) .
h. Profit and loss (increase during year, $ 2 5 ,9 7 5 .2 5 ) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
.
* Expenses, this date, exceed current earnings.
.
259,452 07
253,673 38
$850 12
957 27
------------.
.
107 15*
$5,734,000 99
No. 8.]
BANK COMMISSIONER.
103
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$5,881.60
$11,515.99 $2,000.00 $150.30
$3,906.08
$23,453.97
Cost per $1,000 of assets
1.02
2.01
.35
. 03
. 68
4 .0 9
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.72.
Gross income received during the year, $263,583.90.
Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.01 per cent.): 5%, $3,525,164; 5J^%, $60,850; 6%, $17,788.30.
Personal loans (average rate, 4.52 per cent.): 4J^%, $190,000; 4J^%, $205,000; 4jHj%, $255,000; 4 z
/i% ,
$55,500; 5%, $55,680; 5 H % , $55,500.
Bonds, stocks, etc. (average rate, on book values, 4.41 per cent.): 1%, $7,050; 3J^%, $235,000; 4%,
$600,200; 4H%> $233,500; 5%, $110,000; 6%, $31,300; 7%, $31,600; 8%, $6,600; 10%, $5,000; 13%,
$3,300; 14%, $10,600.
Number of loans not over $3,000 each, 948, amounting to $1,547,182.30.
136 real estate loans made during year, amounting to $354,775.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 17,744, amounting to
$97,260 74
98,742 54
893,664 33
$1,089,667 61
913,800 01
Number of withdrawals during year, 10,584, amounting to
N et increase in amount due depositors
$175,867 60
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$75,000 Massachusetts 3j4is
20.000 Boston 3p£s
72.000 Boston 4s
25 000 Cambridge 3b£s
20.000 Fitchburg 4s
45.000 Los Angeles, CaL, 4)^s
22,500 Milwaukee, Wis., 4)^s
123,000 New Bedford Is
20.000 Somerville 4s
Public Funds, Notes.
9,000 West Springfield 4p£s
$431,500
Railroad Bonds.
$15,000 Boston & Albany 3J^s
70.000 Boston & Albany 4s
D ate
op
$25,000 Boston & Maine 3)4s
40.000 Boston & Maine 4J^s
25.000 Cedar Rap. & Mo. Riv. 7s
5.000 Chic., Mil. & St. Paul 5s
81.000 Chicago & Northwestern 4s
20.000 Chic., St. P., Minn. & 0. 6s
15 000 Conn. & Pass. Rivers 4s
25.000 Conn. River 3}4a
25.000 Fitchburg 4s
25.000 Illinois Central 3)^s
10.000 Louisville & Nashville 5s
10.000 Mil., L. S. & Western 5s
25.000 N. Y. C. & H. R. 3V2a
30.000 N. Y., N. H. & H. 4s
75 000 No. Maine Seaport 5s
2.000 P., Gt. Falls & Ct. 4)^s
10.000 Rome, Water. & Og. 5s
$533,000
E x a m i n a t i o n , N o v . 1, 2 , 4 , a n d 5 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$115,000 Boston Elevated 4)^s
40,000 West End 4s
$155,000
Bank Stocks.
Shs.
12 Eliot Nl. Bk., Boston
50 First Ward Nl. Bk., Boston
67 Nl. Bk. of Commerce, Boston
54 Nl. Union Bk., Boston
8 State Nl. Bk., Boston
50 Webster & Atlas Nl. Bk., Boston
106 Lechmere Nl. Bk., Cambridge
33 Concord National Bank
11 Fall River National Bank
35 First Nl. Bk., Marlborough
104
REPO RT OF THE
[Pub. Doc.
EASTHAMPTON SAVINGS BANK, EASTHAMPTON.
105 M AIN STREET.
Incorporated February 10, 1869.
F r a n k l in
Number of corporators, 40; number of trustees, 20.
W . P i t c h e r , President.
C harles
F r e d e r ic k
Board o f Trustees: G
w ard s,
F. E.
eorge
Judd,
A s t il l ,
J. N.
H . J o h n s o n , Treasurer.
E . J u d d , Clerk o f the Corporation.
G. A. A y e r , J. J. B u r k e , G. S. C o l t o n , J o h n C u l l e n , W . H. E d
H. L. M a n s e i e l d , A. D . M o n t a g u e , F. P. N e w k i r k , G. B.
F. W . P i t c h e r , G. H. P o m e r o y , R . M . S m i t h , H. O. S t r o n g ,
L ym an,
N o b l e , B. P. O w e n , H. L. P a r s o n s ,
J o h n W a n a t , W . H. W r i g h t .
Board of Investm ent: F . W . P
Auditing Committee: J . N . L
it c h e r
ym an
, F . P . N e w k ir k , Jo h n C u l l e n .
, F . E . J u d d , H . L . M a n s f ie l d .
Deposits draw interest from fourth Tuesday of January, April, July and October; dividends are pay
able the fourth Tuesday of January and July. Business hours: 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12 m . ; 7 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
’ Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$30,000
131,000
55.000
88,200
36.000
00
00
00
00
00
$30,703
117,845
52,425
129,870
32,220
$340,200 00
547 loans on real estate (average o f each, $2,022.4-9) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
75
00
00
00
00
$363,063 75
Book Value.
$30,000
127,910
52,425
112,812
32,220
00
83
00
50
00
$355,368 33
$1,110,764 60
4,460 23
1,106,304
235,011
2,000
64
79,717
4,152
161 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust cpmpanies
.
.
.
.
.
.
Cash and cash items
37
14
00
01
47
13
Total A s s e t s .......................................... $1,782,617 45
Liabilities.
Due depositors on 4,612 accounts, averaging $366.46 each
.
.
.
.
.
$1,690,117 74
(Accounts opened during year, 8 3 5 ; closed, 5 7 3 ; increase, 2 6 2 )
Surplus: —
a. Guaranty fund (,4.20% o f deposits; increase during year, $ 5 ,0 0 0 )
.
.
.
b. Profit and loss (increase during year, $ 5 ,6 4 8 .0 9 )
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$5,826 65
Less current expenses not charged off
.
.
.
.
1,652 90
---------------- :-----
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
71,000 00
17,325 96
4,173 75
. $1,782,617 45
No. 8.]
BANK COMMISSIONER.
105
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$2,226 48
$3,938.36
$450.00 $287.34
$1,884.48
C ost per $1,000 of assets
1.25
2.21
.25
.16
1.06
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$8,786.66
4 .93
3.43
Gross income received during the year, $82,495.78.
Rates on Investments and Loans (Average on All, 5.02%).
Real estate loans
(average rate, 5.05 per cent.): 5%, $973,374.87; 5M % , $57,175; 5J^%, $56,544.50; 6%,
$19,210.
Personal loans (average rate, 5.62 per cent.): 5%, $79,410.18; 5 A % , $19,000; 6%, $135,900.96; 7%, $700.
B onds , stocks, etc. (average rate on book values, 4.54 per cent.): 3%, $14,000; S lA % , $50,000; 4%,
$121,000; 4 y 2% , $15,000; 5%, $70,300; 6%, $27,000; 7%, $12,900; 8%, $30,000.
Number of loans not over $3,000 each, 618, amounting to $659,279.50.
132 real estate loans made during year, amounting to $233,625.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 6,534, amounting to
.
.
.
.
.
...........................................
.
.
.
.
Number of withdrawals during year, 3,673, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$29,648 77
31,235 34
410,565 05
.
$471,449 16
335,607 26
.
$135,841 90
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$1,000 Dayton, 0., 5s
4.000 Holyoke 4s
5.000 Los Angeles, Cal., 4 A b
15,000 New Bedford 4s
5.000 Omaha, Neb., 4 A b
$20,000 Illinois Central 3 A b
20.000 N. Y., N. H. & H. 3Aa
15.000 N. Y., N. H. & H. 4s
26.000 No. Maine Seaport 5s
$131,000
$30,000
Railroad Bonds.
$4,000 Aroostook Northern 5s
1.000 Bangor & Aroostook 5s
10.000 C., B. & Q. 3 A s
5.000 C., B. & Q. 4s
6.000 Chic. & Northwestern 6s
10.000 Fitchburg 4s
14.000 Illinois Central 3s
D a te
op
Street Railway Bonds.
$5,000 Boston Elevated 4s
21.000 Boston & Northern 4s
10.000 Georget’n, Row. & Ip. 5s
4.000 Hoosae Valley 5s*
10.000 Springfield 4s
5.000 West End 4 A b
$55,000
E x a m in a t io n , June 3, 4, 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
Bank Stocks.
Shs.
66 First Nl. Bk., Adams
19 State Nl. Bk., Boston
100 First Nl. Bk., Easthampton
50 Metacomet Nl. Bk., Fall River
10 Monson National Bank
50 North Adams National Bank
20 Hamp. Co. Nl. Bk., Northampton
60 Pittsfield National Bank
132 Chapin Nl. Bk., Springfield
100 Chicopee Nl. Bk., Springfield
200 Springfield National Bank
25 Ware National Bank
50 First Nl. Bk., Westfield
[Pub. Doc,
REPORT OF THE
106
EAST WEYMOUTH SAVINGS BANK, EAST WEYMOUTH.
714 BROAD STREET.
Incorporated February 20, 1872.
W il l ia m
Number of corporators, 43; number of trustees, 16.
H . P b a t t , President.
.
Board o f Trustees:
F. A.
John
Joh n
A.
A.
R a y m o n d , Treasurer.
M a c F a u n , Clerk o f the Corporation.
B ic k n e l l ,
E. M .
C abteb,
C. B.
C u s h in g , J .
A.
C u s h in g ,
W . A.
D bake,
W . J. D u n b a b , T . H . E m e b so n , Ja m e s F o e d , B . P . F b e n c h , B ea d fo b d H a w e s , R o b e b t M cI n
tosh
, W . H . P batt,
Board o f Investm ent:
W.
C. A.
R a n d all, J.
A.
R a y m o n d , M ic h a e l S h e e h y , W a l d o T u b n e b .
H . P b a tt, T . H . E m ebson ,
E. M.
A uditing Com m ittee: W . H . P
batt
, J.
A.
W . A.
D bake,
C.
B . C u s h in g , B b a d p o b d H a w e s ,
C abteb.
C u s h in g , B . P . F b e n c h .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
April 10 and October 10. Business hours: 9 a I i . to 12 m . ; 2 to 5 p . m . ; Saturdays, 9 a . m . to 12 m .;
also on Mondays, for deposits only, 7 to 8.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$100,000
253,000
71.000
1,300
34.000
25.000
00
00
00
00
00
00
$484,300 00
555 loans on real estate (average o f each, $ 2 ,0 0 7 .0 7 ) .
Less amount due on uncompleted loans .
Estimated
Market Value.
$100,012
245,412
69,280
1,495
30,430
14,500
Book Value.
50
50
00
00
00
00
$99,280
246,585
69,187
1,300
30,140
14,500
00
00
50
00
00
00
$461,130 00
$460,992 50
$1,117,286 70
3,359 91
1,113,926 79
18 loans on personal security
.
.
.
.
Bank building and fixtures ( estimated value, $ 2 7 ,2 2 5 .1 7 ; assessed value, $ 2 1 ,0 7 0 )
Real estate by foreclosure, etc. (assessed value, $ 3 4 ,5 5 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
126,596
19,000
25,051
596
25,982
2,668
.
43
00
67
17
34
72
Total Assets
$1,774,814 62
Due depositors on 3,648 accounts, averaging $441.64 each
$1,611,117 14
Liabilities.
(Accounts opened during year, 44@ ; closed, 3 6 0 ; increase, 82)
Surplus: —
a. Guaranty fund (4 .9 9 % o f deposits; increase during year, $ 2 ,5 4 6 )
b. Profit and loss (decrease during year, $ 7 ,1 1 7 .4 8 )
.
Current incom e: —
$16,178 74
а. Interest
1,307 40
б. Rent
.
.
.
.
.
.
----------------$957 05
Less current expenses not charged off
386 79
Less State or local taxes not charged off .
-----------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
80,384 00
67,171 18
$17,486 14
1,343 84
-----------------------
16,142 30
. $1,774,814 62
No. 8.]
BANK COMMISSIONER.
107
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,094.12
$3,580.00
Cost per $1,000 of assets
1.18
2.02
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$84.78
.05
.
.
Other Expenses.
Total.
$2,312.70
$8,071.60
1 .30
4.55
.
.
.
3 .37
Gross income received during the year, $82,790.81.
Rates on Investments and Loans (Average on All, 5.15%).
(average rate, 5.50 per cent.): 4 A % < $4,425; 5%, $529,360.93; 5 A % , $79,243; 6%,
$496,451.86; Q A % , $1,740; 7%, $2,406; 8%, $300.
Personal loans (average rate, 5.21 per cent.): 4-% % , $10,000; 4J^%, $50,000; 5%, $8,200; 5M % , $3,055.43;
6%, $54,291; 6 ^ % , $1,050.
Bonds, stocks, etc. (average rate on book values, 4.30 per cent.): 3J/£%, $28,000; 4%, $203,000; 4 X
A%,
$136,000; 5%, $91,000; 6%, $1,300.
Real estate loans
Number of loans not over $3,000 each, 483, amounting to $670,856.70.
63 real estate loans made during year, amounting to $141,571.58.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 3,280, amounting to
.
.
Number of withdrawals during year, 3,008, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
..........................................
.
.
.
.
.
.
.
.
.
.
.
$30,503 23
31,000 04
230,193 09
.
$291,696 36
244,894 71
.
$46,801 65
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$12,000 Attleborough ZAß
9.000 Chelsea 4s
10.000 Los Angeles, Cal.,
23.000 New Bedford 4s
20.000 Omaha, Neb., 4)^s
15.000 San Francisco, Cal., 4J^s
5.000 San Francisco, Cal., 5s
4.000 Belmont 4s
1.000 Milton 3 A s
1.000 Wrentham 4s
Railroad Bonds.
$25,000 Aroostook Northern 5s
15.000 Baltimore & Ohio 3}^s
20.000 Bangor & Aroostook 5s
10.000 Boston & Maine 4s
61.000 Boston & Maine 4 A s
97.000 N. Y „ N. H. & H. 4s
25.000 No. Maine Seaport 5s
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$71,000
$253,000
Bank Stocks.
Shs.
13 Dedham National Bank
$100,000
D ate
Street Railway Bonds.
$30,000 Boston Elevated 4)^s
25.000 Boston & Northern 4s
15.000 Lynn & Boston 5s
1,000 Worcester Consol. 5s*
January 29, 30, and 31.
* A legal investment when made.
)
108
REPO RT OF THE
[Pub. Doc.
ELIOT FIVE CENTS SAVINGS BANK, BOSTON.
114 DUDLEY STREET.
Incorporated February 4, 1864.
John
Number of corporators, 40; number of trustees, 19.
C a r r , President.
E.
F rank
G r a n g e r , Treasurer.
C h a r l e s L . H a y w a r d , Clerk o f the Corporation.
E.
Board o f Trustees: C .
A . E.
A l d r i c h , J t id s o n B a l d w i n , C .
C a r r , John C a r r ,
F ow le, C.
L.
Hayw ard,
I. Y .
G . P.
C hubbuck,
W . O.
T.
S. B e a n , G . E. B u l l a r d ,
D . F o r b e s , fi. J . F o s t e r , S. A.
W . S. L e l a n d , T . S. L o c k w o o d ,
B arry, H .
C u r t is , H .
H odgdon, Joseph H o u g h to n ,
J. F . N ew to n , G orham R ogers.
Board o f Investm ent: J o h n C
Auditing Com m ittee:
H. S.
arr
B ean,
,
W . S.
I. Y .
L eland,
G. E.
H. S.
B ean.
C hubbuck,
H. D .
T . S.
B ullard,
L ockw ood,
A. J.
F o ster,
F o rbes.
Deposits draw interest from second Wednesday of January, April, July and October; dividends are
payable the Thursday following the second Wednesday of April and October. Business hours:
9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$490,000
1,615,000
132.000
20,100
125.000
00
00
00
00
00
$464,203
1,506,422
126,480
29,520
111,875
$2,382,100 00
563 loans on real estate ( average o f each, $ 4 ,8 9 9 .6 7 ) .
92 loans on personal security
.
.
. . .
Real estate b y foreclosure, etc. (assessed value, $ 4 8 ,6 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
.
75
50
00
00
00
$484,531 25
1,602,736 25
132,000 00
20,100 00
114,493 75
$2,238,501 25 $2,353,861 25
.
.
Book Value.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
2,420,710 00
2,589,000 00*
33,374 65
350,350 94
Total A s s e t s .......................................... $7,747,296 84
Liabilities.
Due depositors on 20,233 accounts, averaging $360.44 each
.
.
.
.
.
$7,292,716 23
{Accounts opened during year, 2 ,5 3 7 ; closed 2 ,0 7 8 ; increase, 459)
Surplus: —
a. Guaranty fund (4 -9 7 % o f deposits; increase during year, $ 3 3 ,2 1 6 .9 9 )
.
.
362,715 78
b. Profit and loss (increase during year, $ 7 ,3 9 5 .9 8 )
.
.
.
.
.
.
91,833 34
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$1,423 88
Less current expenses not charged off
.
.
.
.
1,392 39
-----------------------31 49
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total L ia b ilitie s ..........................................$7,747,296 84
* Since reduced to within the legal limit.
No. 8.]
BANK COMMISSIONER.
109
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising.
Amount paid for
$22,394.16 $14,894.00
$3,000.00
$8.00
Cost per $1,000 of assets
2 .89
1.92
.39
Cost pei $1,000 of assets not including State tax and rent .
Other Expenses. Total.
$3,843.40 $44,139.56
.51
5.71
2 .4 3
Gross income received during the year, $326,609.73.
Rates on Investments and Loans (Average on All, 4.44% ).
(average rate, 4.90 per cent.): 4%, $43,600; 4J^%, $467,690; 5%, $1,867,070; 5J^% ,
$33,350; 6%, $9,000.
Personal loans (average rate, 4.55 per cent.): 4%, $310,000; 4 $ 9 9 2 , 9 0 0 ; 4J^%, $175,000; 4J^%,
$413,000; 4 % % , $25,000; 5%, $132,500; 5 ) 4 % , $200,000; 5J^%, $339,900; 6%, $700.
B onds , stocks, etc. (average rate on book values, 3.85 per cent.): 3%, $75,000; 3J^%, $961,000; 4% ,
$1,286,000; 4 ^ % , $15,000; 5%, $25,000; 6%, $17,100; 10%, $3,000.
Real estate loans
Number of loans not over $3,000 each, 313, amounting to $609,349.
53 real estate loans made during year, amounting to $229,700.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 1 % %
.
.
.
..
Oct., 1912, 1 % % ..........................................
Number of deposits during year, 23,191, amounting to
. , .
.
.
.
Number of withdrawals during year, 17,502, amounting to
.
.
.
.
Net increase in amount due depositors
$118,679 25
120,683 47
1,279,087 59
$1,518,450 31
1,312,862 15
$205,588 16
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Massachusetts 3s
100.000 Massachusetts 3J^s
125.000 Boston 3)4s
25.000 Fall River 3Ks
26.000 Gloucester 3)4s
25.000 Haverhill 4s
9,000 Marlborough 4s
28.000 New Bedford 3)4s
39.000 Newburyport 3j4>s
13.000 Newton 3%s
25.000 Waltham 3}^s
25.000 Willimantic, Ct., 4s
$490,000
Railroad Bonds.
$81,000 Boston & Albany 4s
50.000 Boston & Lowell 3)4s
50.000 Boston & Lowell 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100,000 Boston & Maine 3J^s
50.000 Boston & Maine 4s
25.000 Boston & Providence 4s
100.000 C„ B. & Q. 3V2a
125.000 C., B. & Q. 4s
50.000 Chic. & Northwestern 4s
50.000 Concord & Montreal 4s
25.000 Conn. & Pass. Rivers 4s
25.000 Conn. River 4s
25.000 Erie & Pittsburgh 3J^s
25.000 Fitchburg 3)4s
50.000 Fitchburg 4s
25.000 Illinois Central 3s
100.000 Illinois Central 3J4s
25.000 Michigan Central 3)4s
50.000 New England 4s
75.000 N. Y. C. & H. R. 3V2a
25.000 N. Y. & N. E. Term. 4s
30.000 N. Y „ N. H. & H. 3y2a
219.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
June 26, 27.
$145,000 Old Colony 4s
25.000 Peoria & Northw. 3)4a
25.000 Washington Co. 3)4a
15.000 Wore., Nash. & R. 4s
$1,615,000
Street Railway Bonds.
$57,000 Boston Elevated 4s
60.000 West End 4s
15.000 West End 4Ks
$132,000
Bank Stocks.
Shs.
30 Merchants Nl. Bk., Boston
171 Peoples Nl. Bk., Boston
110
REPORT OF THE
[Pub. Doc.
ESSEX SAVINGS BANK, LAWRENCE.
296 ESSEX STREET.
Incorporated March 15, 1847.
Number of corporators, 30; number of trustees, 13.
W a l t e r E . P a r k e r , President.
A lbert
F r a n k l in
C. U. B e l l , F r a n k l i n B u t l e r , A. I.
R. J. M a c a r t n e y , W . E . P a r k e r , J o s e p h
H. K . W e b s t e r .
Board o f Trustees:
K unhardt,
J.
I.
C o u c h , Treasurer.
B u t l e r , Clerk o f the Corporation.
C ouch,
F. B. D a v i s , F. H. E a t o n , G. E .
J. R . S i m p s o n , B y r o n T r u e l l ,
Sh attu ck,
E. Varney,
Board o f Investm ent:
W . E.
P a r k e r , J o se ph Sh a t t u c k ,
Auditing Com m ittee: F . B . D
a v is
H. K .
W ebster,
J. E.
V arney.
, F r a n k l in B u t l e r , F . H . E a t o n .
Deposits draw interest from third Wednesday in January, April, July and October; dividends are
payable the third Wednesday of April and October. Business hours: 9 a . m . to 1 p . m . ; also Sat
urdays, 2 to 4 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
S I,113,900
1,606,600
220,000
231,450
150,000
46,673
00
00
00
00
00
21
$3,368,623 21
Estimated
Market Value.
$1,107,491
1,684,248
215,350
597,888
134,250
28,250
Book Value.
25
00
00
00
00
00
$3,767,477 25
1,385 loans on real estate (average o f each, $4 ,9 8 0 .8 3 )
.
.
.
.
68 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 6 5 ,0 0 0 ; assessed value, $61 ,8 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
$1,113,900
1,606,600
220,000
229,700
135,000
100
00
00
00
00
00
00
$3,305,3Q0 00
6,898,450
2,116,800
30,000
192,465
8,357
00
00
00
53
75
. $12,551,373 28
Total Assets
Liabilities.
Due depositors on 27,750 accounts, averaging $411.27 each
.
$11,412,930 74
(Accounts opened during year, 4 .3 4 1 ; closed, 4 .1 4 0 ; increase, 195)
Surplus: —
a. Guaranty fund (4 .9 5 % o f deposits; increase during year, $ 5 ,0 0 0 )
h. Profit and loss (increase during year, $ 1 ,1 0 8 .3 2 )
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
565,000 00
573,442 54
. $12,551,373 28
Ill
BANK COMMISSIONER.
No.
Total Expenses for the Year, including State Taxes.
Advertising.
Other Expenses.
Total.
$5,577.72
$43,061.70
.44
3.42
..........................................
1.87
State Tax (Net).
Salaries.
Rent.
Amount paid for
$19,465.06
$18,018.92
Cost per $1,000 of assets
1.55
1.43
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $577,013.29.
Rates on Investments and Loans (Average on All, 4.82% ).
(average rate, 4.82 per cent.): 4%, $120,000; 4 \ i% , $52,000; 4 % % , $55,000; 4)^%>
$2,273,600; 5%, $4,323,100; 5 ^ % , $400; 6%, $74,350.
Personal loans (average rate, 4.75 per cent.): 4%, $100,000; 4)4% . $579,000; 4)4% . $434,000; 5%,
$354,100 ; 5M%> $375,000; 5)4% , $274,700.
B onds, stocks, etc. (average rate on book values, 4.87 per cen t.): 3)4% , $200,000; 4%, $1,863,350; 4)4% ,
$345,000 ; 5%, $130,000; 6%, $384,100; 7%, $257,700; 8%, $89,500; 10%, $50,000; 12%, $35,000.
Real estate loans
Number of loans not over $3,000 each, 860, amounting to $1,346,050.
145 real estate loans made during year, amounting to $435,800.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%,
Oct. 1912, 2 )4%
Number of deposits during year, 37,960, amounting to
.
Number of withdrawals during year, 24,275, amounting to
.
Net increase in amount due depositors
.
.
.
.
$211,544 97
267,168 30
2,095,408 70
.
.
.
.
$2,574,121 97
2,250,779 13
.
.
.
$323,342 84
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Massachusetts 3)4s
150.000 Boston 4s
135.000 Chicago, 111., 4s
50.000 Holyoke 4s
200.000 Indianapolis, Ind., 4s
99.000 Lawrence 4s
100.000 Newton 4s
100.000 Springfield 4s
30.000 Troy, N. Y., 4s
20.000 Leominster 4s
3,000 North Andover 4s
Public Funds, Notes.
26,900 Lawrence 4s
$1,113,900
$50,000 Boston & Lowell 4s
150.000 Boston & Maine 4)4s
31,600 Burl. & Mo. Riv. 6s
30.000 Cedar Rap. & Mo. Riv. 7s
25.000 C., B. & Q. 4s
40.000 Chic. & Northwestern 4s
100.000 Chic. & Northwestern 7s
75.000 Cleveland & Pitts. 4}4s
200.000 Concord & Montreal 4s
100.000 Fitchburg 4s
200.000 Fre., Elkhorn & M. V. 6s
50.000 Mil., L. S. & W. 5s
140.000 N. Y., Lack & Western 6s.
150.000 N. Y., N. H. & H. 4s
70.000 Northwestern Union 7s
60.000 Rome, Water. & Og. 5s
15.000 Winona & St. Peter 7s
$1,606,600
Railroad Bonds.
$20,000 Bangor & Aroostook 5s
100,000 Boston & Albany 4s
D a t e o f E x a m in a t io n , October 28, 29, 30, 31.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
Street Railway Bonds.
$70,000 Boston Elevated 4)^s
100,000 West End 4s
50,000 Worcester Consol. 4)^s*
$220,000
Bank Stocks.
Shs.
350 First Nl. Bk., Boston
27 Fourth-Atlantic Nl. Bk., Boston
200 Merchants Nl. Bk., Boston
75 Nl. Bk. of Commerce, Boston
250 Nl. Bk. of the Republic, Boston
500 Nl. Shawmut Bk., Boston
170 Nl. Union Bk., Boston
300 Second Nl. Bk., Boston
200 State Nl. Bk., Boston
50 Tremont Nl. Bk., Boston
200 Webster & Atlas Nl. Bk., Boston
225 Bay State Nl. Bk., Lawrence
100 Lawrence National Bank
50 Merchants Trust Co., Lawrence
112
REPO RT OF THE
[Pub. Doc.
EVERETT SAVINGS BANK, EVERETT.
440 BROADWAY.
Incorporated M arch 1, 1889.
C o l u m bu s C o e e y , President.
Number of corporators, 37; number of trustees, 18.
Sa m u e l P . C a n n e l l , Treasurer.
H e n e y K . V e a z ie , Clerk o f the Corporation.
D . P. B a il e y , S. P. C a n n e l l , W . H. C a n n e l l , B. A. C a b t e b , E. A . C a t e , C o
lu m b u s C o e e y , N . A. D i l l , F. E. D y e e , W . A. H a m , C h a e l e s M a n s e e , N a t h a n N ic h o l s ,
G. W . P l a is t e d , J. W . P h il b b ic k , S olom on S h u t e , T. A . S m it h , J. T. S w a n , H . K . V e a z ie ,
F. B. W o o d s .
Board o f Trustees:
Board o f Investm ent:
W . A. H a m , G. W . P l a is t e d , S. P. C a n n e l l , F. B. W o o ds , T. A. S m it h .
A uditing Comm ittee: N a t h a n N ic h o l s ,
F. E. D y e e , E. A. C a b t e b .
Deposits draw interest from second Wednesday of January, April, July and October; dividends are
payable the second Wednesday of April and October. Business hours: 9 a . m . to 2 p . m . ; also
Saturdays, 7.30 to 8.30 p . m ., for deposits only.
STATEMENT OF CONDITION
Assets.
OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
$194,300
125,000
43.000
18.000
$192,229
118,875
42,272
16,110
00
00
00
00
$380,300 00
242 loans on real estate ( average o f each, $ 2 ,8 7 0 .0 4 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
00
00
50
00
$369,486 50
.
.
.
Book Value.
.
Due depositors on 6,057 accounts, averaging $163.64 each
.
00
00
00
00
$376,470 00
$574,550 00
1,000 00
573,550
17.000
20.000
34,019
4,463
2
loans on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 2 0 ,0 0 0 ; assessed value, $ 1 2 ,8 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
$194,200
123,025
42,940
16,305
.
.
.
00
00
00
27
78
. $1,025,503 05
Liabilities.
.
.
.
.
$991,194 80
( Accounts opened during year, 1 ,0 0 1 ; closed, 6 9 5 ; increase, 806)
Surplus: —
а. Guaranty fund (2 .5 5 % o f deposits; increase during year, $ 2 ,5 0 0 )
б . Profit and loss ( increase during year, $ 1 ,1 5 8 .5 4 )
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
25,300 00
8,934 72
73 53
Total L i a b i l i t i e s ............................................................... $1,025,503 05
No. 8.]
BANK COMMISSIONER.
113
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,073.01 $3,383.33
$300.00
$20.00
$774.78
$5,551.12
Cost per $1,000 of assets
1.05
3 .30
.29
.02
.75
5.41
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
4.07
Gross income received during year, $44,320.58.
Rates on Investments and Loans (Average on All, 4.65% ).
(average rate, 5.10 per cent.): 4%, $25,000; 4)4% , $20,000; 4)4% , $26,500; 5%,
$328,400; 5)4% , $128,600; 6%, $45,050.
Personal loans (average rate, 4.56 phr cent.): 4)4% , $15,000; 5%, $2,000.
Bonds, stocks, etc. (average rate on book values, 3.98 per cent.): 3)4% , $75,000; 4%, $275,300; 4)4% i
$30,000.
Real estate loans
Number of loans not over $3,000 each, 226, amounting to $372,100.
27 real estate loans made during year, amounting to $59,400.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 10,829, amounting to
.
.
.
.
.
.
...........................................
.
.
.
.
Number of withdrawals during year, 6,094, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$16,818 54
17,692 21
349,909 46
.
$384,420 21
292,919 34
.
$91,500 87
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3)4s
20.000 Boston 3)4s
2.000 Brockton 4s
26.000 Everett 4s
15.000 Fall River 3J4s
10.000 Fall River 4s
10.000 Malden 4s
7.000 Quincy 4s
7.000 Adams 4s
12.000 Clinton 4s
10.000 Dudley 3J4s
D ate
of
Public Funds, Notes.
$65,300 Everett 4s
$194,300
$125,000
Railroad Bonds.
$20,000 Boston & Albany 4s
20.000 Boston & Lowell 4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
10.000 C., B. & Q. 4s
15.000 Chic. & Northwestern 4s
E x a m in a t io n , January 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000 Illinois Central 3)4s
10.000 N. Y., N. H. & H. 3)^s
10.000 N. Y., N. H. & H. 4s
10.000 Old Colony 4s
Street Railway Bonds.
$10,000 Boston Elevated 4s
20.000 Boston Elevated 4)^s
13.000 West End 4s
$43,000
REPORT OF THE
114
[Pub. Doc.
FAIRHAVEN INSTITUTION FOR SAVINGS, FAIRHAVEN.
19 CENTRE STREET.
Incorporated February 10, 1832.
Number of corporators, 49; number of trustees, 18.
T h o m a s A . T r ip p , President.
C h a r l e s H . M o r t o n , Treasurer.
E lish a S. W h it in g , Jr., Clerk o f the Corporation.
J. S. A l l e n , L. E. B e n t l e y , S. S. B u m pu s , D . W . D e a n e , L. L e B . D e x t e r , W . B .
G a r d n e r , W . H. J u d d , D . N . K e l l e y , G . B. L u t h e r , C. H. M o r t o n , H. K . N y e , L . M .
S n o w , E. G . S p o o n e r , E. G . T a l l m a n , J. C. T r ip p , T. A . T r i p p , C. D . W a l d r o n , E. S.
W h it in g , Jr.
Board o f Trustees:
Board o f Investm ent: T . A . T r ip p ,
Auditing Comm ittee:
G. B . L u t h e r , L. E. B e n t l e y , W . H . J u d d , L . M . S n o w .
G. B. L u t h e r , J. C. T r ip p , D . W . D e a n e .
Deposits draw interest from last M onday of January, April, July and October; dividends are payable
the last M onday of April and October. Business hours: 9 a . m . to 1 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Book Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
.
.
.
Securities acquired in settlement of indebtedness
$116,600
170,000
20,000
41,180
15,000
1,898
00
00
00
00
00
75
$364,678 75
$116,835
155,890
19,450
56,410
13,425
2,000
75
00
00
00
00
00
$364,010 75
363 loans on real estate {average o f each, $ 1 ,9 7 2 .6 9 ) .
.
.
.
25 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 5 ,0 0 0 ; assessed value, $ 3 ,8 0 0 )
Real estate b y foreclosure, etc. (assessed value, $700)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
.
.
.
$116,984
167,310
19,600
36,960
13,793
1,898
$356,546 50
716,085
158,775
5,000
600
33
29,663
97
Total Assets
00
00
00
00
75
75
22
00
00
00
95
56
79
$1,266,802 02
Liabilities.
Due depositors on 2,031 accounts, averaging $594.58 each
.
.
.
.
(Accounts opened during year, 2 4 4 ; closed, 1 6 7 ; increase, 77)
Surplus: —
,
a. Guaranty fund (2 .5 4 % o f deposits; increase during year, $ 3 ,0 0 5 )
.
b. Profit and loss (increase during year, $4,441.71) .
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
$1,207,596 45
.
30,700 00
27,866 53
.
639 04
.
.
. $1,265,802 02
BANK COMMISSIONER.
No. 8.]
115
Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Salaries.
Amount paid for
$1,856.39 $2,484.00
$500.00
Cost per $1,000 of assets
1.46
1.96
.39
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$60.88
.05
Other Expenses.
Total.
$870.73
$5,772.00
.69
4.55
2 .7 0
Gross income received during the year, $58,985.22.
Kates on Investments and Loans (Average on All, 4.96%).
Real estate loans (average rate, 5.33 per cent.): 5%, $361,466.50;
Personal loans (average rate, 4.95 per cen t.): 4 M % , $85,000; 5%,
5J^%, $233,379.07; 6%, $121,239.65.
$48,400; 5)4% , $5,000; 5J4%, $15,000;
5M % , $5,000; 6%, $375.
(average rate on book values, 4.23 per cent.): 3%, $10,000; 334%, $77,000; 3.70%,
$10,000; 4%, $199,480; 4.30%, $7,000; 4)4% , $30,000; 5%, $5,000; 7%, $11,200; 8%, $11,800; 9%,
$1,300.
B onds, stocks, etc.
Number of loans not over $3,000 each, 356, amounting to $417,739.22.
real estate loans made during year, amounting to $79,458.25.
52
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 1,292, amounting to
$22,197 68
22,964 46
195,273 49
Number of withdrawals during year, 1,166, amounting to
$240,435 63
163,566 16
$76,869 47
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000 Boston 4s
10.000 Chicago, 111., 4s
10.000 Fall River 4s
5.000 Lynn 4s
5.000 Melrose 4s
5.000 Norwood 4)4s
10.000 Peabody 4s
5,600 Plainville 4s
5.000 Provincetown 4)4s
2.000 Revere 4s
12.000 Westborough 4s
Public Funds, Notes.
7.000 Avon 4.30%
5.000 Essex 3.70%
10,000 Gardner 3)4s
5.000 Russell 3.70%
$116,600
Railroad Bonds.
$10,000 Boston & Albany 4s
15.000 Boston & Lowell 4s
10.000 Boston & Maine 3s
10.000 Boston & Maine 3)4s
10.000 Boston & Maine 4s
15.000 C., B. & Q. 4s
3.000 Concord & Montreal 4s
10.000 Fitchburg 3)4s
10.000 Fitchburg 4s
10.000 Fitchburg 4)4s
20.000 Illinois Central 3J4s
2.000 Minn. & Iowa 3k£s
5.000 N. Y. C. & H. R. 3)4s
10.000 N. Y., N. H. & H. 3)£s
15.000 N. Y., N. H. & H. 4s
5.000 No. Maine Seaport 5s
5.000 Peoria & Northw. 3J4s
5.000 Washington Co. 3)4s
$170,000
D a t e of E x a m in a t io n , July 8, 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$10,000 Boston Elevated 4s
10,000 Boston Elevated 4)^s
$20,000
Bank Stocks.
Shs.
50 Eliot Nl. Bk., Boston
22 State Nl. Bk., Boston
211 Nl. Bk. of Fairhaven
90 First Nl. Bk., New Bedford
68 Mechanics Nl. Bk., New Bedford
13 Merchants Nl. Bk., New Bedford
116
[Pub. Doc.
REPORT OF THE
FALL RIVER SAVINGS BANK, FALL RIVER.
141 NORTH M AIN STREET.
Incorporated March 11, 1828.
R o b e r t H e n r y , President.
Number of corporators, 95; number of trustees, 19.
C h a r l e s A . B a s s e t t , Treasurer.
J am es N. B u f f in t o n , Clerk o f the Corporation.
C. M. A l l e n , C. A. B a s s e t t , C. P. B r ig h t m a n , J. N. B u f f in t o n , D. J. B u r d ic k ,
B. D. D a v o l , G. N. D u r f e e , N. R . E a r l , E. J. F r e n c h , W . S. G r e e n e , B. S. C. G if f o r d , F. H .
G if f o r d , H . C. H a w k i n s , R o b e r t H e n r y , W . F. H o o p e r , H . H . H o r t o n , W . H . J e n n in g s ,
R o b e r t M a r s h a l l , L. E . W o o d .
Board o f Trustees:
Board o f Investm ent: H .
Auditing Comm ittee:
C. H a w k i n s , R o b e r t H e n r y , C. M. A l l e n , D . J. B u r d ic k , L. E. W oo d .
E. J. F r e n c h , H. H. H o r t o n , B. S. C. G if f o r d .
Deposits draw interest from first M onday of January, April, July and October; dividends are pay
able first M onday of April and October. Business hours: 9 a . m . to 2 p . m .
STATEMENT OF CONDITION
OCTOBER 31, 1912.
Par Value.
Estimated
Market Value.
Book Value.
$575,000 00
3,690,000 00
291,700 00
$582,900 00
4,035,835 00
504,840 00
$575,000 00
3,690,000 00
291,700 00
$4,556,700 00
$5,123,575 00
$4,556,700 00
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Stocks of banks and trust companies
835 loans on real estate (average o f each, $ 4 ,0 7 3 .1 3 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
$3,417,106 00
16,875 00
----------------------.
.
.
65 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 0 ,0 0 0 ; assessed value, $4-0,000)
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h .........................................................................................................................................' .
.
3,400,231 00
1,593,000 00
30,000 00
81,354 02
10,779 00
. $9,672,064 02
Total Assets
Liabilities.
Due depositors on 18,112 accounts, averaging $496.60 each
.
.
.
.
$8,994,359 72
.
{Accounts opened during year, 2 ,3 8 6 ; closed, 2 ,1 1 3 ; increase, 273)
Surplus: —
a. Guaranty fund {4 .9 9 % of deposits; increase during year, $ 1 1 ,5 0 0 ) .
b. Profit and loss (increase during year, $13,643.51) .
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$11,521 55
b. R e n t ...............................................................
467 31
----------------------- $11,988 86
Less current expenses not charged off
.
.
.
.
2,299 99
9,688 87
87,323 70
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
448,500 00
132,191 73
Total Liabilities .
. $9,672,064 02
No. 8.]
BANK COMMISSIONER.
117
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$22,494.90
$23,519.60
$2,000.00
$1,347.07 $49,361.57
Cost per $1,000 of assets
2 .3 2
2 .43
.21
.14
5 .1 0
Cost per $1,000 of assets not including State tax and rent .
.
.
. . .
2.57
Gross income received during the year, $490,588.79.
Rates on Investments and Loans (Average on All, 5.15% ).
Real estate loans (average rate,
Personal loans (average rate,
5.06 per cent.): 4J^%, $601,700; 5%, $1,815,218; 5 } 4 % , $983,313.
4.85 per cent.): 4 % % , $575,000; 4 % % , $25,000; 5%, $803,000; 5 M%>
$140,000; 5 ^ % , $50,000.
(average rate on book values, 5.32 per cent.): 2%, $18,600; 4% , $1,165,000; 4J^%,
$200,000; 5%, $1,006,000; 6%, $1,716,700; 7%, $374,000; 8%, $20,000; 9%, $22,000; 10%, $23,200;
11% , $ 10,000 ; 12% , $ 1,200.
Bonds, stocks, etc.
Number of loans not over $3,000 each, 468, amounting to $752,533.
55 real estate loans made during year, amounting to $267,400.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 19,574, amounting to
.
.
Number of withdrawals during year, 15,001, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
...........................................
.
.
.
.
.
.
.
.
.
.
.
.
$170,017 67
171,705 85
1,322,200 44
$1,663,923 96
1,413,666 97
$250,256 99
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$325,000 Boston 4s
50,000 Fall River 4s
100.000 Troy, N. Y., 4s
100.000 Worcester 4s
$575,000
Railroad Bonds.
$25,000 Boston & Albany 4s
100.000 Boston & Maine 4}4s
76.000 Cedar Rap. & Mo. R. 7s
135.000 C„ B. & Q. 4s
75.000 Chic., Mil. & St. P. 5s
250.000 Chic., R. I. & Pac. 6s
125.000 Chic., St. P., M. & 0. 6s
50.000 Cleveland & Pitts. 4J^s
100.000 Delaware & Hudson 7s
50.000 Fitchburg 4)^s
$100,000 Fre., Elkhorn & Mo. V. 6s
200.000 Illinois Central 4s
100.000 Illinois Central 5s
40.000 Kal., Alleg. & Gr. Rpds 5s
200.000 Louisville & Nash. 5s
100.000 New Orleans & Mobile 6s
50.000 Mahoning Coal 5s
141.000 Mich. Cen.-Det. & B. C. 5s
100.000 Mil., L. S. & Western 5s
75.000 Mil., L. S. & Western 6s
100.000 Montana Central 6s
100.000 New England R.R. 5s
350.000 N. Y., Lack. & West. 6s
230.000 N. Y „ N. H. & H. 4s
100.000 Philadelphia & Brie 6s
15.000 Pitts., McKees., Yough. 6s
50.000 Rome, Water. & Og. 5s
20.000 Schenec. & Duanesbg. 6s
150.000 St. J. & L. C. 5s
200.000 St. P., Minn. & Man. 6s
110.000 St. Paul & No. P. 6s
D a t e of E x a m in a t io n , Oct. 21, 22, 23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000 Syr., Phoenix & Oswe. 6s
43.000 Troy & Boston 7s
80.000 Winona & St. Peter 7s
$3,690,000
Bank Stocks.
Shs.
150 Eliot Nl. Bk., Boston
12 First Nl. Bk., Boston
3 Nl. Bk. of Commerce, Boston
286 Nl. Shawmut Bk., Boston
232 Second Nl. Bk., Boston
100 State Nl. Bk., Boston
460 Fall River National Bank
50 First Nl. Bk., Fall River
650 Massasoit-Poc. Nl. Bk., Fall River
754 Metacomet Nl. Bk., Fall River
220 Merchants Nl. Bk., New Bedford
REPO RT OF THE
118
[Pub. Doc-
FALL RIVER FIVE CENTS SAVINGS BANK, FALL RIVER.
79 NORTH M AIN STREET.
Incorporated April 10, 1855.
Jam es
M a r s h a l l , President.
L eonard
Board o f Trustees:
W .
E.
C. N.
B orden,
D ow , H . B. D urfee,
Jack so n ,
E.
Number of corporators, 38; number of trustees, 20.
C h arles
S l a d e , Clerk o f the Corporation.
N.
J. H . B
R . N.
ow en
W. R.
G. P.
B r o w n , S. B . C h a s e ,
A . P.
D avol,
G.
S. D a v o l ,
D u r f e e , C . E . F is h e r , O . S. H a w e s , C . L . H o l m e s , J . F .
B . J e n n in g s , L e o n t in e
C . S. W a r in g ,
,
L . H o l m e s , Treasurer.
L in c o l n , J a m e s
M arsh all, D . F . Slade, L .
N.
Sla d e ,
W arner.
Boqrd o f Investm ent:
A. P.
D avol,
H. B.
A uditing Com m ittee:
G. P.
Brow n,
A. P.
D u rfee,
D avol,
O. S.
D . F.
H aw es,
E. B.
C. S.
J e n n in g s ,
W a r in g .
Sla d e .
Deposits draw interest from first M onday of March, June, September and December; dividends are
payable the second M onday of June and December. Business hours: 9 a . m . to 2 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$316,000
2,881,700
50,000
146,533
125,000
00
00
00
33
00
$3,519,233 33
600 loans on real estate (average o f each, $ 3 ,1 6 2 .7 2 )
Less amount due on uncompleted loans .
$317,165
3,107,530
50,250
240,614
111,875
Book Value.
00
00
00
67
00
$3,827,434 67
00
00
00
33*
50
$3,508,045 83
$1,908,697 00
11,063 55
1,897,633
1,214,325
45,000
16,423
50,550
17,192
72 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 7 7 ,0 0 0 ; assessed value, $ 7 7 ,0 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 2 2 ,6 0 0 ) .
.
. . .
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
$316,000
2,881,700
50,000
146,533
113,812
.
.
.
.
45
00
00
67
46
93
$6,749,171 34
Liabilities.
Due depositors on 23,875 accounts, averaging $256.72 each
.
.
.
.
.
$6,129,258 34
(Accounts opened during year, 3 ,3 5 6 ; closed, 2 ,5 3 1 ; increase, 824)
Surplus: —
a. Guaranty fund {4 .9 4 % o f deposits; increase during year, $ 7 ,8 9 2 .2 5 ) .
.
.
b. Profit and loss (increase during year, $ 6 6 ,6 9 2 .9 5 ) .
.
.
.
.
.
Current incom e: —
a. Interest, .
.
.
.
.
.
.
.
.
.
$139,227 23
b. R en t........................................................................................................
10,652 88
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T otal Liabilities .
302,892 25
124,612 21
149,880 11
42,528 43
. $6,749 171 34
No,
BANK COMMISSIONER
119
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$18,359.12 $16,369.09
Cost per $1,000 of assets
2 .7 2
2 .4 2
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
$44.40
$1,529.08
.01
.23
Total.
¡6,301.69
5.38
2.66
Gross income received during the year, $334,021.52.
Rates on Investments and Loans (Average on All, 5.11%).
Beal estate loans
(average rate, 5.23 per cent.): 4J^%, $36,800; 5%, $949,641.45; 5h£%, $894,782; 6%,
$16,410.
(average rate, 4.87 per cen t.): 4J^%, $529,000; i M % , $135,000; 5%, $301,900; 5J^%,
$178,975; b % % , $69,300; 6%, $150. .
Bonds, stocks, etc. (average rate on book values, 5.12 p ercen t.): 3.65%, $25,000; 3J^%, $100,000; 4%,
$934,000 ; 4)^% , $105,000; 5%, $991,000; 6%, $1,182,200; 7%, $182,033.33.
Personal loans
Number of loans not over $3,000 each, 411, amounting to $670,742.
76 real estate loans made during year, amounting to $257,275.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 36,669, amounting to
$113,466 58
115,457 98
1,060,424 64
Number of withdrawals during year, 19,262, amounting to
.
Net increase in amount due depositors
$1,289,349 20
1,060,812 28
$228,536 92
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$100,000 Massachusetts 3Hs
50.000 Boston 4s
41.000 Fall River 4s
50.000 Worcester 4s
50.000 Seattle, Wash., 4Hs
Public Funds, Notes.
$25,000 Malden 3.65%
$316,000
Railroad Bonds.
$150,000 Bangor & Aroostook 5s
94.000 Burlington & Mo. Riv. 6s
150.000 C„ B. & Q. 4s
151.000 C., B. & Q. 5s
20.000 Chic. & Northwestern 4s
29.000 Chic. & Northwestern 5s
96.000 Chic. & Northwestern 6s
15.000 Chic. & Northwestern 7s
15.000 Chic., Mil. & St. Paul 5s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000 Chic., R. I. & Pac. 4s
18.000 Cleveland & Pittsburg 4)^s
31.000 Delaware & Hudson 7s
37.000 Fitchburg 4J^s
235.000 Fre., Elk. & Mo. Val. 6s
160.000 Illinois Central 4s
25.000 Illinois Central 5s
110.000 Louisville & Nashville 6s
100.000 Mahoning Coal 5s
15.000 Maine Shore Line 6s
50.000 Mich. Cen.-Det. & B. C. 5s
205.000 Mil., L. S. & Western 5s
83.000 Mil., L. S. & Western 6s
300.000 N. Y., Lack. & West. 6s
250.000 N. Y „ N. H. & H. 4s
40.000 No. Maine Seaport 5s
25.000 Northwestern Union 7s
13.000 Penobscot Shore Line 4s
100.000 Philadelphia & Erie 6s
60.000 Rome, Watert. & Og. 5s
156.000 St. J. & L. C. 5s
70.000 St. P., Minn. & Man. 6s
10.000 St. Paul & Sioux City 6s
October 23, 24, 25.
$23,700 Schenec. & Duanesbg. 6s
20,000 Winona & St. Peter 7s
$2,881,700
Street Railway Bonds.
$50,000 Boston Elevated 4J^s
Bank Stocks.
Shs.
255b£ Fourth-Atlantic Nl. Bank
465 Mechanics Nl. Bk., Boston
35 Nl. Bk. of Commerce, Boston
340 Nl. Bk. of the Republic, Boston
150 State Nl. Bk., Boston
300 Webster & Atlas Nl. Bk., Boston
20 Dedham National Bank
50 Fall River National Bank
205 Massasoit-Poc. Nl. Bk., Fall River
350 Metacomet Nl. Bk., Fall River
100 Taunton National Bank
120
REPO RT OF THE
[Pub. Doc.
FARMERS AND MECHANICS SAVINGS BANK, SOUTH
FRAMINGHAM.
20 CONCORD STREET.
Incorporated April 23, 1883.
W il l a r d
H o w e , President.
J u l ia n
M.
L eroy
Board o f Trustees:
H.
M.
Number of corporators, 30; number of trustees, 11.
A.
C . B lan ch ard,
G. E.
C utler,
H o w e , W il l a r d H o w e , H . C . K in g m a n ,
Board o f Investm ent:
G. E.
A uditing Comm ittee:
B. T.
C utler,
A. M.
T h om pson , H .
W . P h i l l i p s , Treasurer.
C r a i g , Clerk o f the Corporation.
F it t s ,
M.
J.
A. M.
F it t s ,
G. E.
F ow ler, C.
W . P h il l ip s , W . F . R ic h a r d s o n ,
J. W .
H ow e,
P h il l ip s ,
C. E.
W.
E. H a b e r s t r o h ,
J. T . W h i t n e y .
J.
F . R ic h a r d s o n ,
H aberstroh ,
A. M .
F it t s , H .
T . W h it n e y .
C.
K in g m a n .
Deposits draw interest from first day of January, April, July and October; dividends are payable
the third Tuesday of April and October. Business hours: 9 a . m . to 3 P .M .; Saturdays, 9 a . m .
to 12 m ., and 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
.
.
.
Securities acquired in settlement of indebtedness
$5,000
170,000
25.000
14,400
25.000
13,750
Estimated
Market Value.
00
00
00
00
00
00
$253,150 00
$5,000
163,875
24,250
23,145
22,375
11,770
Book Value.
00
00
00
00
00
00
$250,415 00
1
383 loans on real estate (average o f each, $ 2 ,3 3 9 .3 9 ) .
45 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
$5,000
174,173
25,275
18,466
22,703
13,391
$259,010 62
895,985
252,055
2,001
8,023
4,922
Total Assets
00
75
00
45
75
67
23
00
53
32
32
$1,421,998 02
Liabilities.
Due depositors on 5,825 accounts, averaging $226.70 each
$1,320,502 28
(Accounts opened during year, 1 ,8 2 4 ; closed, 7 5 1 ; increase, 573)
Surplus: —
a. Guaranty fund (3 .5 6 % o f deposits; increase during year, $8 ,2 0 0 )
b. Profit and loss (increase during year, $ 4 ,4 3 6 .0 6 )
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
..
.
.
.
.
.
47,050 00
47,500 24
$7,472 66
527 16
-----------------------
6,945 50
. $1,421,998 02
No. 8.
BANK COMMISSIONER.
121
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,236.03
$3,857 98
$983.20
Cost per $1,000 of assets
1.57
2.71
.69
Cost per $1,000 of assets not including State tax and rent .
Advertising.
$240.40
.17
Other Expenses.
$1,196.29
.84
Total.
$8,513.90
5.98
3.72
Gross income received during the year, $60,506.78.
Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans
(average rate, 5.04 per cent.): 4J^%, $42,000; 5%, $791,645.23; 5j^% , $4,500; 6%,
$57,840.
Personal loans
(average rate, 4.59 per cent.); 4 } 4 % , $30,000; 4 V2% , $172,500;
5%, $43,300;
6%,
$6,255.
B onds, stocks, etc. (average rate on
$100,000; 4 y 2% , $10,000; 5%,
book values, 4.14 per cent.): 2%, $13,750; 3J^%, $45,000; 4%,
$70,000; 6%, $11,900; 8%, $1,600; 10%, $900.
Number of loans not over $3,000 each, 332, amounting to $456,687.01.
101 real estate loans made duiing year, amounting to $222,200.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
N um ber of deposits during year, 8,564, amounting to
$21,953 44
23,885 00
407,854 73
Number of withdrawals during year, 5,376, amounting to
$453,693 17
281,950 96
Net increase in amount due depositors
$171,742 21
SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.
$5,000 Framingham 4s
Railroad Bonds.
$45,000 Bangor & Aroostook 5s
5.000 Boston & Albany 3)^s
10.000 Boston & Albany 4s
5.000 Boston & Lowell 4s
25.000 Boston & Maine 4s
30.000 C„ B. & Q. 3b£s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000'Delaware & Hudson 4s
10.000 N. Y., N. H. & H. 3V2a
25.000 No. Maine Seaport 5s
$170,000
Street Railway Bonds.
$15,000 Boston Elevated 4s
10,000 West End 4)^8
$25,000
February 14, 15.
Bank Stocks.
Shs.
16 Eliot Nl. Bk., Boston
9 Second Nl. Bk., Boston
9 Northborough National Bank
100 Framingham Nl. Bk., So. Fram.
10 First Nl. Bk. of Newton, W. New.
122
REPO RT OF THE
[Pub. Doc.
FITCHBURG SAVINGS BANK, FITCHBURG.
352 M AIN STREET.
Incorporated February 12, 1846.
C hables
E.
W a b e , President.
F e e d e b ic
E ben ezeb
Board o f Trustees: H
C utleb,
Number of corporators, 56; number of trustees, 27.
J. H.
enby
C.
N i c h o l s , Treasurer.
B a i l e y , Clerk o f the Corporation.
A l l is o n , H a b b is o n
B a il e y , H . F .
C o g o sh all, A lvah
C bockeb,
G. H.
D a n ie l s , D . M . D il l o n , G . A . D u n n , M . F . D u n n , B . D . D w in n e l l , C h a b l e s
J.
F o s d ic k , F . H . F o s s , S . H . F b a n c is ,
C.
G. T
G rath, T. F. M uenane, F.
N ic h o l s ,
S im o n d s , J . A . S t il e s , H .
ow nend
Board o f Investm ent:
F.
H.
Foss,
,
L . J o h n son ,
J.
M . L o c k e y , A . H . L o w e , H e n b y M c
C. M . P a b k e b , F . W .
G. R . W a l l a c e , C. E.
C. M . Pabkeb,
G. R.
P abks,
W . E.
P u t n e y , D a n ie l
W abe.
W a l l a c e , C . E . W a b e , J. L. J o h n so n , S. H .
F r a n c is .
A uditing Comm ittee: H
a b b is o n
B a il e y , B . D .
D w in n e l l , M . F . D u n n .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 8.45 a . m . to 3 p . m . ; Saturdays, 8.45 a . m . to 12 m . ; also
Tuesdays, 6 to 8 p . m . for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Securities acquired in settlement of indebtedness
1579,684
501,000
100,000
138,900
90
00
00
00
50,000 00
55,000 00
34,350 00 ,,
$1,458,934 90
Estimated
Market Value.
$580,062
479,922
97,177
303,730
48,000
49,225
28,167
57
50
50
00
00
00
00
$1,586.284 57
847 loans on real estate ( average o f each, 8 3 ,9 3 1 .6 2 ) .
134 loans on personal security
.
.
.
.
Bank building and fixtures ( estimated value, 8 1 2 5 ,0 0 0 ; assessed value, $ 1 0 8 ,0 0 0 )
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Book Value.
$578,190
500,000
100,000
155,400
50,000
50,000
100
$1,433,690 00
3,330,079
1,726,230
75,000
147,342
5,131
.
Total Assets
00
00
00
00
00
00
00
00
00
00
91
85
$6,717,473 76
Liabilities.
Due depositors on 13,086 accounts, averaging $477.21 each
$6,244,801 73
{Accounts opened during year, 2 ,4 8 7 ; closed, 1 ,8 5 5 ; increase, 632)
Surplus: —
a. Guaranty fund {4 .9 0 % o f deposits; increase during year, 81 1 ,3 5 0 )
b. Profit and loss {increase during year, 8 1 2 ,9 0 8 .5 7 )
Current income: —
o. Interest .
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
$134,184 40
4,580 00
138,764 40
2,036 06
.
Total Liabilities
306,350 00
25,521 57
.
. $6,717,473 76
BANK COMMISSIONER.
No. 8.]
123
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$11,697.51 $10,495.74
$900.00
$715.92
$5,131.10
$28,940.27
.13
Cost per $1,000 of assets
1.74
1.56
.11
.76
4 .3 0
Cost per $1,000 of assets not including State tax and rent
2 .4 3
Gross income received during the year, $306,116.40.
Rates on Investments and Loans (Average on All, 4.74%).
(average rate, 4.82 per cent.): 4%, $148,000; 4 $ 7 6 , 1 0 0 ; 4J^%, $779,989; 4 % % ,
$29,000; 5%, $2,264,835; 5 } 4 % , $19,675; 6%, $12,480.
Personal loans (average rate, 4.87 per cent.): 4%, $25,000; 4)^% , $45,000; 4t% %, $100,000; 4J^%,
$310,000; 4M % . $25,000; 5%, $1,137,330; 5 % % , $60,600; 6%, $23,300.
Bonds, stocks, etc. (average rate on book values, 4.38 per cent.): 2%, $34,350; 3J^%, $255,000; 3.60%,
$7,000; 3 % % , $10,000; 4%, $849,700; 43^%, $156,884.90; 4 % % , $5,000; 5%, $2,100; 6%, $10,500;
7%, $15,700; 8%, $88,200; 10%, $24,500.
Real estate loans
Number of loans not over $3,000 each, 630, amounting to $949,258.
174 real estate loans made during year, amounting to $687,784.97.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 13,714, amounting to
.
.
Number of withdrawals during year, 9,383, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
$114,144 76
...........................................118,118 85
.
.
.
1,348,147 33
.
.
.
.
.
.
.
.
.
$1,580,410 94
1,217,777 88
.
$362,633 06
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$75,000 Massachusetts 3)^s
10.000 Bath, Me., 4s
6.000 Beverly 4s
33.000 Boston 4s
5.000 Brockton 4s
33.000 Chicago, 111., 4s
10.000 Dayton, 0., 4s
17.000 Fall River 4s
25.000 Fitchburg 4s
25.000 Grand Rapids, Mich., 4p£s
30.000 Lawrence 4s
4.000 Lowell 4s
14.000 Lynn 4s
25.000 Malden 4s
2,700 Melrose 4s
6.000 Milwaukee, Wis., 4s
12.000 Milwaukee, Wis., 4p£s
100 Milwaukee, Wis., 5s
5.000 Minneapolis, Minn., 4s
22.000 New Bedford 4s
5.000 Portsmouth, N. H., 4s
5.000 Somerville 4s
10.000 Syracuse, N. Y. 4s
10.000 Taunton 4s
16,694 Troy, N. Y., 4)^s
10.000 Wilkes-Barre, Pa., 4s
20.000 Yonkers, N. Y „ 4^8*
10.000 Amesbury 4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,000 Franklin 4s
3.000 Peabody 4s
10.000 Stamford, Ct., 4s
1.000 Sudbury 4s
14.000 Watertown 4s
4.000 Wellesley 4s
3.000 Westminster 4s
10.000 Turners Falls (W.D.) 4s
4.000 Shelburne Falls (F.D.) 4s
Public Funds, Notes.
10.000 Ashburnham 3%s
1,190 Ashby 4}^s
10.000 Hull 3J^s
7.000 Lunenburg 3.60%
15.000 Marblehead 3)4is
10.000 Milton 3^s
20.000 Stoneham 3p£s
5.000 Townsend 4%a
$579,684
Railroad Bonds.
$46,000 Boston & Albany 4s
30.000 C., B. & Q. 4s
25.000 Concord & Montreal 4s
167,000 Fitchburg 4s
68.000 Fitchburg 4)^s
October 14, 15, 16.
* A legal investment when made.
$25,000 Illinois Central 3Jdjs
25.000 New England 4s
50.000 N. Y., N. H. & H. 33^s
30.000 N. Y., N. H. & H. 4s
35.000 Old Colony 4s
$501,000
•
Street Railway Bonds.
$25,000 Boston Elevated 4s
9.000 Boston Elevated 4)4s
5.000 Fitchburg & Leominster 4Hs
2.000 Leom., Shirley & Ayer 5s
59,000 West End 4s
$100,000
Bank Stocks.
Shs.
50 Fourth-Atlantic Nl. Bk., Boston
225 Merchants Nl. Bk., Boston
575 Nl. Shawmut Bk., Boston
40 State Nl. Bk., Boston
257 Fitchburg Nl. Bk.
100 Fitchburg Safe Dep. & Trust Co.
5 Townsend Nl. Bk.
67 Crocker Nl. Bk., Turner’s Falls
50 Merchants Nl. Bk., Worcester
20 Worcester Trust Co.
REPO RT OF THE
124
[Pub. Doc.
FLORENCE SAVINGS BANK, FLORENCE.
85 M AIN STREET.
Incorporated February 14, 1873.
L ou is
Number of corporators, 31; number of trustees, 19.
F . P l i m p t o n , President.
M . P l i m p t o n , Treasurer.
E m il ie
F r e d e r ic k
C . E l y , Clerk o f the Corporation.
H. N. B r e w s t e r , R . H. C o o k , F. C. E l y , O. F E l y , C. E. G o u l d , E. E. G r a v e s ,
G. S. G r a v e s , E. A. H a v e n , H. B. H a v e n , C. A. H u x l e y , L. W . M o r g a n , D . D . O ’ D o n n e l l ,
E. M . P l i m p t o n , L. F. P l i m p t o n , E. A. R i c e , W . H. R i c e , O. M . S m i t h , A. M . W a r e , A. C.
Board o f Trustees:
W arner.
Board o f Investm ent:
L. F.
A uditing Comm ittee:
H. B.
P l im p t o n ,
H aven,
C.
F. C.
E . G ould,
E ly,
H. B.
A. C.
H aven,
W . H.
A. M .
R ic e ,
W are.
W arner.
Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay
able second Tuesday of April and October. Business hours: 10 a . m . to 2 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
$ 22,000 00
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
117,000
35.000
17,900
11.000
00
00
00
00
$202,900 00
Estimated
Market Value.
$21,730
105,880
32,625
22,770
9,845
00
00
00
00
00
$192,850 00
224 loans on real estate {average o f each, $ 1 ,9 0 0 .6 2 ) .
.
.
.
.
.
19 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 5 ,1 0 0 ; assessed value, $ 3 ,0 0 0 ) .
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$21,875
113,948
33,237
17,900
10,000
00
75
50
00
00
$196,961 25
425,738 77
18,738 00
3,915 14
11,277 43
810 54
Total A s s e t s ...........................................$657 441 13
Liabilities.
Due depositors on 2,215 accounts, averaging $276.93 each
.
.
.
(Accounts opened during year, 5 7 6 ; closed, &4-6; increase, 3 3 0 )
Surplus: —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 3 ,3 8 9 )
b. Profit and loss (increase during year, $94-8.31)
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$613,390 54
.
.
30,577 00
12,405 37
$1,374 16
305 94
1,068 22
Total Liabilities
.
$657,441 13
125
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Salaries.
Amount paid for
$839.09
$1,219.00
$200.00
Cost per $1,000 of assets
1.28
1.85
.30
Cost per $1,000 of assets not including State tax and rent .
Advertising.
Other Expenses.
Total.
$513.70
$2,787.39
.78
4 .2 3
2 .6 5
$15.60
.02
Gross income received during the year, $29,862.98.
Rates on Investments and Loans (Average on All, 4.78% ).
Real estate loans (average rate, 5 per cen t.): 5%, $425,588.77; 6%, $150.
Personal loans (average rate, 5.04 per cent.): 5%, $17,967; 6%, $771.
Bonds, stocks, etc. (average rate on book values, 4.26 per cent.): 3%,
$5,000; 3J^%, $32,000 ; 4% ,
$133,000; 4 H % „ $15,000; 5%, $5,400; 7%, $12,500.
Number of loans not over $3,000 each, 210, amounting to $308,926.77.
31 real estate loans made during year, amounting to $68,100.
Dividends, Deposits and Withdrawals.
$11,287 25
11,628 94
138,633 56
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 3,725, amounting to
Number of withdrawals during year, 1,879, amounting to
.
.
.
.
.
$161,549 75
128,910 54
$32,639 21
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$17,000 Chicago, 111., 4s
5,000 N. Conway, N. H. (W. D.), 4s
$22,000
$10,000 Boston & Maine 4s
10.000 Boston & Maine 4b£s
5.000 C., B. & Q. 4s
5.000 Illinois Central 3s
27.000 Illinois Central 3)4s
5.000 Illinois Central 4s
45.000 N. Y., N. H. & H. 4sf
$117,000
Railroad Bonds.
$5,000 Baltimore & Ohio 3J^s
5,000 Boston & Albany 4s
D a t e of E x a m in a t io n , March 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
f $20,000 not a legal investment.
Street Railway Bonds.
$15,000 Boston Elevated 4s
5,000 Boston Elevated 4)^s
15,000 Boston & Northern 4s
$35,000
Bank Stocks.
Shs.
85 Home Nl. Bk., Holyoke
40 First Nl. Bk., Northampton
54 Hamp. Co. Nl. Bk., Northampton
126
REPORT OF THE
[Pub. Doc.
FOXBQROUGH SAVINGS BANK, FOXBOROUGH.
12 CENTRAL STREET.
Incorporated April 18, 1855.
L e w is E . G r a y , President.
Number of corporators, 29; number of trustees, 16.
W il l ia m H . T o r r e y , Treasurer.
G e o r g e R . E l l is , Clerk o f the Corporation.
Board o f Trustees: F o r r e s t B a s s e t t , H or a ce C a r p e n t e r , E . C . C o m e y , G . R . E l l is , L . E . G r a y ,
A . J. H a r t s h o r n , L . B . L a w r e n c e , O r la n d o M c K e n z ie , A. H . M e s s in g e r , F . A. P e t t e e .
F . H . R ic h a r d s , J. W . R ic h a r d s o n , H . G . S m it h , W . H . T o r r e y , J a r v is W il l ia m s , W . A. Y o u n g .
Board o f Investm ent:
L . E. G r a y , F o r r e s t B a s s e t t , J. W . R ic h a r d s o n , A. J. H a r t s h o r n , W . A.
Y oung.
A uditing Comm ittee: J a r v is W il l ia m s , F . H . R ic h a r d s , F . A . P e t t e e .
Deposits draw interest from first business day of March, June, September and December; dividends
are payable the Wednesday after the second M onday of June and December. Business hours;
9 a . m . to 3 p . m . ; also Wednesdays and Saturdays, 6 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$90,000
87.000
34,684
12.000
Estimated
Market Value.
00
00
00
00
$223,684 00
$83,022
82,485
63,762
10,740
Book Value.
50
00
00
00
$85,307
84,040
34,684
10,750
50
00
00
00
$240,009 50
$214,781 50
276 loans on real estate (average o f each, $ 1,39949) ................................................................
10
loans on personal security
.
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $750)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
386,260 00
4,953 50
29 32
15,733 49
1,773 84
Total Assets
$623,531 65
Liabilities.
Due depositors on 1,813 accounts, averaging $307.40 each
.
.
.
.
.
$557,317 04
(Accounts opened during year, 1 8 1 ; closed, 1 6 5 ; increase, 16)
Surplus: —
a. Guaranty fund (4 .9 9 % o f deposits; increase during year, $ 2 ,2 8 4 -6 7 )
b. Profit and loss (increase during year, $ 2 ,2 7 8 .6 8 )
.
.
.
.
Current incom e: —
Interest
.................................................................................... ..........
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
27,840 32
29,315 77
$9,940 25
881 73
9,058 52
T otal L ia b ilitie s .......................................... $623,531 65
No.
BAN K COMMISSIONER.
127
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$724.78
$1,885 00
$96.00
C ost per $1,000 of assets
1.16
3 .02
.15
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$408.91
.65
Total.
$3,114.69
4 .98
3.67
Gross income received during the year, $33,068.24.
Rates on Investments and Loans (Average on All, 5.51%).
Real estate loans (average rate, 5.91 per cent.): 5%, $33,300; 5 % % , $2,000; 6%, $350,960.
Personal loans (average rate, 6 per cen t.): 6%, $4,953.50.
B onds, stocks, etc. (average rate on book values, 4.78 per cent.): 3%, $5,000; 3 j 4 % , $28,000-
4%,
$77,000; 4J^%, $49,000; 5%, $35,220; 6%, $8,900; 7%, $2,100; 8%, $17,700.
Number of loans not over $3,000 each, 268, amounting to $310,613.50.
31 real estate loans made during year, amounting to $40,320.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2J^%
June, 1912, 2%
Number of deposits during year, 1,531, amounting to
$12,626 55
10,502 63
106,794 73
$129,923 91
108,046 09
Number of withdrawals during year, 1,649, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
$21,877 82
SCHEDULE OP SECURITIES OWNED.
Railroad Bonds.
$5,000 Bangor & Aroostook 5s
5.000 Boston & Maine 3s
5.000 Boston & Maine 3)^s
10.000 Boston & Maine 4)^s
5.000 Boston, R. B. & L. 4His
3.000 Fitchburg 4s
15.000 N. Y., N. H. & H. 3J^s
9.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
5.000 Upper Coos 4s
8.000 Washington Co. 334>s
$90,000
Street Railway Bonds.
$11,000 Boston Elevated 4s
19.000 Boston Elevated 4J^s
5,000 Boston & Revere 5s
37.000 Boston & Northern 4s
15.000 Worcester Consol. 43-is*
$87,000
Bank Stocks.
Shs.
34 Boylston Nl. Bk., Boston
27 Commonwealth Tr. Co., Boston
D a t e op E x a m in a t io n , June 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
Shs.
22 Continental Nl. Bk., Boston
10 Mt. Vernon Nl. Bk., Boston
11 Nl. Bk. of Commerce, Boston
150 Nl. Shawmut Bk., Boston
14 Old Boston Nl. Bk., Boston
13 State Nl. Bk., Boston
12 Tremont Nl. Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
18 Dedham National Bank
60 Framingham Nl. Bk., So. Fram.
6 National Bank of Wrentham
128
REPORT OF THE
[Pub. Doc,
FRANKLIN SAVINGS BANK OF THE CITY OF BOSTON, BOSTON.
6
Incorporated March 15, 1861.
PARK SQUARE.
Number of corporators, 63; number of trustees, 35.
J. H om eb P ie r c e , President.
J oh n H . S t u r g is , Treasurer.
C h a r l e s D . K e y e s , Clerk o f the Corporation.
E. B. B a d g e r , G. G. B r a d f o r d , T . G. B r e m e r , F. H. B r o w n , I. W . C h ic k , F. S.
C l a r k , C. F. C u r t is , O. H . D a v e n p o r t , T . M . D e v l in , C. F. D o w s e , J. M . E. D r a k e , A lla n
F o r b e s , C o u r t e n a y G u il d , H e n r y H a l l , E d w a r d H a m l in , H . W . H a r t , C. W . H u b b a r d ,
J. A. Ja c o b s , G. V. L e v e r e t t , J a m e s L o n g l e y , A. E. M a s o n , L a w r e n c e M a y o , O t is N o r c ro ss ,
G. H. P h e l p s , J. H. P ie r c e , A. E. P il l s b u r y , C. E. R o g e r so n , H. B. S a w y e r , H. S. Sh a w ,
J. P . T o l m a n , H. W . W a d l e ig h , E liot W a d s w o r t h , W . Q. W a l e s , F. H. W a r n e r , S. H. W h id d e n .
Board o f Trustees:
Board o f Investm ent:
J. H . P ie r c e , J. A. J a c o b s , H. W . H a r t , I. W . C h ic k , A. E. M a s o n .
Auditing Committee: A . E . M a s o n , A l la n F o r b e s , H . B . Sa w y e r , J. P. T o l m a n , E d w a r d H a m l in .
Deposits draw interest from first day of February, M ay, August and November; dividends are pay
able February 1 and August 1. Business hours: 9 a . m . to 2 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
$1,507,000
3,042,000
445,000
113,300
300,000
150,000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds
American Tel. & Tel. Co. bonds
$1,496,155
2,914,757
446,100
250,525
288,000
134,250
00
00
00
00
00
00
Book Value.
00
50
00
00
00
00
$5,529,787 50
$5,557,300 00
$1,507,000
2,978,518
444,832
113,300
300,000
137,492
00
75
00
00
00
50
$5,481,143 25
$7,723,145 69
4,200 00
696 loans on real estate (average o f each, $ 1 1 ,0 9 0 -4 3 )
Less amount due on uncompleted loans .
7,718,945
3,287,500
200,000
65
199,103
17,577
72 loans on personal security
Bank building and fixtures (estimated value, $ 2 0 0 ,0 0 0 ; assessed value, $ 1 8 4 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
69
00
00
51
51
03
. $16,904,334 99
Total Assets
Liabilities.
Due depositors on 27,422 accounts, averaging $573.75 each
.
.
.
.
.
$15,733,530 96
.
.
.
787,000 00
198,136 99
{Accounts opened during year, 2 ,9 5 6 ; closed, 2 ,2 8 7 ; increase, 669)
Surplus: —
a. Guaranty fund {5 % o f deposits; increase during year, $ 5 2 ,0 0 0 )
b. Profit and loss {increase during year, $ 3 2 ,1 6 8 .0 1 ) .
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$173,719 54
b. Rent,
.
.
.
.
.
.
.
1,737 39
c. Miscellaneous .
.
.
.
.
.
29
----------------------Less current expenses not charged off
.
.
$8,978 42
Less State or local taxes not charged off .
.
3,017 60
-----------------------
$175,457 22
Unearned discount
.
.
.
.
.
.
.
.
.
.
.
Special deposit b y mortgagor to be held during reconstruction of building .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
11,996 02
.
163,461 20
2,205 84
20,000 00
. $16,904,334 99
BANK COMMISSIONER
No. 8.]
129
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$31,635.48
$27,419.81
Cost per $1,000 of assets
1.87
1.62
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
Total.
$4,289.45
$63,344.74
.25
3.74
.
.
.
.
.
1.87
Gross income received during the year, $696,514.79.
Rates on Investments and Loans (Average on All, 4.44% ).
(average rate, 4.53 per cen t.): 4%, $2,127,000; 4 l/i% < $923,500; 4 X
A % , $1,724,323.69;
4M % . $161,500; 5%, $2,694,047 ; 5 A % , $59,585; 6%, $28,990.
Personal loans (average rate, 4.68 per cent.): 4%, $150,000 ; 4 R % , $975,000; 4 ^ % , $657,000; 4 A % >
$498,000; 4M % , $50,000; 5%, $250,000; 5 H % , $170,000; 5 j 4 % , $137,500; 6%, $400,000.
Bonds, stocks, etc. (average rate on book values, 4.16 per cent.): 3 A % < $1,225,000; 3%%> $50,000;
4%, $2,663,000; 4 A % , $1,406,000; 5%, $129,300; 7%, $27,000; 8%, $27,000; 10%, $20,000;
12% , $ 10,000 .
Real estate loans
Number of loans not over $3,000 each, 303, amounting to $567,352.
48 real estate loans made during year, amounting to $913,900.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1912, 2%
.
.
.
.
.
Aug., 1912, 1 M % ..........................................
Number of deposits during year, 19,165, amounting to
.
.
.
.
.
Number of withdrawals during year, 16,090, amounting to
Net increase in amount due depositors
SCHEDULE
Public Funds, Bonds.
$175,000 Massachusetts 3b£s
25.000 Belfast, Me., 4s
300.000 Boston 4s
40.000 Brockton 3
50.000 Central Falls, R. I., 4s
50.000 Chicago, 111., 4s
50.000 Indianapolis, Ind., 4s
120.000 Kansas City, Mo., 4}^s
10.000 Medford 3 A s
50.000 Milwaukee, Wis., 3Hs
50.000 Milwaukee, Wis., 4 A s
50.000 Minneapolis, Minn., 4s
10.000 New Bedford 4s
43.000 Newton 4s
50.000 Omaha, Neb., 4A&
27.000 Rutland, Vt., 4s
10.000 St. Albans, Vt., 4s
50.000 Syracuse, N. Y., 4J^s
75.000 Waterbury, Ct., 4s
100.000 Woonsocket, R. I., 4s
42.000 Revere 4s
80.000 Spencer 4s
Public Funds, Notes.
50.000 Quincy 3% s
.
OF
.
.
.
.
SECURITIES
.
.
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$2,909,539 08
2,132,930 55
.
.
.
$776,608 53
OWNED.
Railroad Bonds.
$50,000 Boston & Albany 3 A s
200.000 Boston & Albany 4s
50.000 Boston & Albany 4 A s
100.000 Boston & Lowell 4s
50.000 Boston & Maine 4s
325.000 Boston & Maine 4}^s
100.000 Boston, R. B. & L. 4)^s
50.000 C., B. & Q. 3^s
332.000 C., B. & Q. 4s
200.000 Chic. & Northwestern 3J^s
100.000 Concord & Claremont 4 A s
100.000 Concord & Montreal 4s
50.000 Erie & Pittsburgh 3A&
44.000 Fitchburg 4s
156.000 Fitchburg 4J/£s
100.000 Illinois Central ZA s
50.000 Illinois Central 4s*
50.000 N. Y. & N. E. Term. 4s
200.000 N. Y. C. & H. R. 3J^s
380.000 N. Y., N. H. & H. 4s
50.000 Norwich & Worcester 4s
75.000 Old Colony 4s
25.000 Penobscot Shore Line 4s
25.000 Peter. & Hills. 4J^s
50.000 St. J. & L. C. 5s
$1,507,000
D ate
.
$289,240 17
262,032 48
2,358,266 43
June 24.
* A legal investment when made.
$100,000 Vermont Valley A As
30,000 Wor., Nash. & Roch. 4s
$3,042,000
Street Railway Bonds.
$100,000 Boston Elevated 4 A s
50,000 Lynn & Boston 5s
115.000 West End 4s
180.000 West End 4J^s
$445,000
Bank Stocks.
Shs.
93 Boylston Nl. Bk., Boston
50 Commonwealth Tr. Co., Boston
100 First Nl. Bk., Boston
200 Nl. Shawmut Bk., Boston
20 Nl. Unioti Bk., Boston
200 Old Boston Nl. Bk., Boston
200 Second Nl. Bk., Boston
132 State Nl. Bk., Boston
138 Webster & Atlas Nl. Bk., Boston
130
REPORT OF THE
[Pub. Doc.
FRANKLIN SAVINGS INSTITUTION, GREENFIELD.
332 M AIN STREET.
Incorporated April 2, 1834.
H enry
F . N a s h , President.
C h a r l e s A l l e n , Treasurer.
C h a r l e s N . S t o d d a r d , Clerk o f the Corporation.
Board o f Trustees:
J.
Number of corporators, 30; number of trustees, 15.
P.
C. P.
L ogan, D ana
Sto d d ard , A .
L.
Board o f Investm ent:
M alone,
T yler,
J. W .
* Auditing Comm ittee:
J.
C. C. D y e r , F . G.
H. F . N a s h , L u c i u s N i m s , A . M
W . N. W a s h b u r n , F . E. W e l l s .
A l d r ic h , C h a r l e s A l l e n ,
P.
St e v e n s ,
H. F.
F e s s e n d e n , J o se p h G r is w o l d ,
.
W.
R ic e , J.
St e v e n s , C .
N a s h , J o s e p h G r is w o l d , L u c iu s N im s , D a n a
N.
M alone.
L ogan, C. C. D yer.
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m . ; also Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$567,700
1,369,000
200,000
46,100
125,000
00
00
00
00
00
$567,370
1,350,285
189,250
79,275
111,875
$2,307,800 00
783 loans on real estate (average o f each, $ 3 ,9 1 3 .8 7 )
Less amount due on uncompleted loans .
Book Value.
00
00
00
00
00
$567,575
1,366,040
196,087
46,100
113,500
00
00
50
00
00
$2,298,055 00
$2,289,302 50
$3,066,164 40
1,600 00
3,064,564 40
110 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 0 ,0 0 0 ; assessed value, $ 7 5 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
1,508,700
77,000
77,576
4,134
Total Assets
58
00
67
54
. $7,021,278 69
Liabilities.
Due depositors on 14,182 accounts, averaging $484.28 each
.
.
.
.
.
$6,584,456 65
( Accounts opened during year, 1 ,7 1 7 ; closed, 1 ,2 8 3 ; increase, 4&4)
Surplus: —
a. Guaranty fund 15.09% o f deposits; increase during year, $ 1 5 ,0 0 0 )
b. Profit and loss {increase during year, $ 1 ,3 5 4 .1 2 )
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$43,248 03
Less current expenses not charged off
.
.
$3,932 12
Less State or local taxes not charged off .
.
1,281 62
----------------------- 5,213 74
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
335,000 00
63,787 75
38,034 29
Total Liabilities
.
* One vacancy, owing to death.
.
.
.
.
$7,021,278 69
No. 8.]
BANK COMMISSIONER.
131
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$16,731.26
$10,880.00
C ost per $1,000 of assets
2.38
1.55
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
Total.
$153.95
$2,910.45
$30,675.66
.02
.41
4 .3 6
.
.
.
.
.
1.98
Gross income received during the year, $313,630.59.
Rates on Investments and Loans (Average on All, 4.62%).
Real estate loans (average rate, 4.88 per cent): 4J^%,
Personal loans (average rate, 4.63 per cent.): 4 M%>
$124,000; 4J^%, $553,000; 5%, $2,387,564.40.
$180,000; 4% % , $225,000; 4)^% , $597,000; 4 % % .
$30,000; 5%, $413,800.58; 5M % . $58,900; 6%, $4,000.
B onds, stocks etc. (average rate on book values, 4.28 per cent-.): 4%, $1,731,200; 4J^%, $1,000; 4M%>
$302,000; 5%, $199,000; 6%, $19,800; 7%, $40,800; 8%, $14,000.
Number of loans not over $3,000 each, 673, amounting to $916,992.08.
201 real estate loans made during year, amounting to $559,955.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 12,727, amounting to
$125,294 25
127,315 52
906,843 27
Number of withdrawals during year, 9,206, amounting to
$1,159,453 04
987,385 86
Net increase in amount due depositors
$172,067 18
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$150,000 Boston 4s
150,000 Chicago, 111., 4s
25.000 Chicago, 111., 4)^s
20.000 Dayton, 0., 5s
25.000 Kansas City, Mo., 4s
50.000 Pittsburgh, Pa., 4J£s
30.000 Attleborough 4s
23.000 Marblehead 4s
Public Funds, Notes.
$2,050 Colrain 4s
750 Gill 4s
12.000 Greenfield 4s
1.000 Leyden 4s
18.000 Northfield 4)^s
1,500 Rowe 4s
1,900 Sunderland 4s
1.000 Sunderland 4J^s
26,500 Greenfield Fire Dist. 4s
9.000 Greenfield Fire Dist. 4J^s
21.000 South Deerfield (W.D.) 4s
Railroad Bonds.
$33,000 Boston & Albany 4s
75.000 Boston & Maine 4s
100.000 Boston & Maine 4L¿s
200.000 C., B. & Q. 4s
25.000 Conn. & Pass. Rivers 4s
35.000 Chic. & Northwestern 7s
25.000 C., R. I. & P. 4s
25.000 Danbury & Norwalk 5s
76.000 Fitchburg 4s
25.000 Fitchburg 4}^s
150.000 Illinois Central 4s
50.000 Kal., Alleg. & G. R. 5s
100.000 Mil., L. S. & West. 5s
275.000 N. Y., N. H. & H. 4s
50.000 N. Y. & N. E. Term. 4s
50.000 New England 4s
25.000 Old Colony 4s
25.000 Portland & Ogdens. 4)^s
25.000 Sullivan Co. 4s
$1,369,000
$567,700
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
October 14, 15, and 16.
Street Railway Bonds.
$100,000 Boston Elevated 4s
50.000 Boston Elevated 4}^s
50.000 Boston & Northern 4s
$200,000
Bank Stocks.
Shs.
153 Nl. Bk. of Commerce, Boston
34 Webster & Atlas Nl. Bk., Boston
140 First Nl. Bk., Greenfield
25 Franklin Co. Tr. Co., Greenfield
6 North Adams National Bank
45 First Nl. Bk., Northampton
40 Hamp. Co. Nl. Bk., Northampton
18 Pittsfield National Bank.
132
REPORT OF THE
[Pub. Doc.
GARDNER SAVINGS BANK, GARDNER.
29 PARKER STREET.
Incorporated M ay 26, 1868.
John
Number of corporators, 47; number of trustees, 17.
D . E d g e l l , President.
F r a n c is
S . W h i t t e m o r e , Treasurer.
H e n r y F . H o w e , Clerk o f the Corporation.
L. B e n t , E . L. B r o o k s , F . L. B u t l e r , D . R . C o l l i e r , M . A. C r e e d , A. P .
T . B . D u n n , J. D . E d g e l l , H . W . G a l e , L. H . G r e e n w o o d , M . J. G r e e n w o o d , H . F .
A. E . K n o w l t o n , W . J . M o u n t a i n , C . F . R i c h a r d s o n , E . G . W a t k i n s , F . S . W h i t t e m o r e ,
Board o f Trustees: C .
D erby,
H ow e,
Board o f Investm ent:
J. D .
E dgell, E .
Auditing Comm ittee: C . F . R
ic h a r d s o n
L.
B rooks,
M . A.
C reed,
H. W .
G ale,
A.
E . K now lton.
, H . F. H ow e, F. L. B u tler.
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . ; also M on
days, 6 to 8 p . m ., for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
.
.
.
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
803 loans on real estate (average o f each, $ 2 ,0 5 7 .8 5 ) .
Less amount due on uncompleted loans .
.
.
$359,800
572.000
115.000
85,900
15.000
60.000
27,000
00
00
00
00
00
00
00
$359,098
549,942
109,850
146,010
14,400
53,700
14,005
Book Value.
63
50
00
00
00
00
00
$1,234,700 00
$1,247,006 13
.
$1,662,620 47
10,165 43
.
.
.
.
.
$371,000
591,335
116,479
85,900
15,009
55,537
12,485
$1,247,747 35
1,652,455
1,009,719
62,000
64,359
2,299
191 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 0 ,0 0 0 ; assessed value, $ 7 0 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
24
89
20
00
52
50
00
04
91
00
91
13
Total A s s e t s .......................................... $4,038,581 34
Liabilities.
Due depositors on 9,847 accounts, averaging $376.27 each
.
.
.
.
.
$3,705,107 19
.
.
183,000 00
87,376 48
(Accounts opened during year, 1 ,6 3 0 ; closed, 9 6 9 ; increase, 6 6 1 )
Surplus: —
a. Guaranty fund {4 .9 4 % o f deposits; increase during year, $ 1 0 ,0 0 0 )
b. Profit and loss {increase during year, $ 1 2 ,3 0 5 .5 0 ) .
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$66,702 54
b. R ent
.
.
.
.
.
.
.
33 46
----------------------Less current expenses not charged off
.
.
.
.
$66,736 00
3,671 00
63,065 00
32 67
Suspense account
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Total Liabilities
.
. $4,038,581 34
No. 8.]
BANK COMMISSIONER.
133
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$7,491.89
$6,889.00 $1,800.00 $194.53
Cost per $1,000 of assets
1.85
1.70
.44
.05
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$2,317.57
$18,692.99
.57
4 .61
.
.
.
2 .32
Gross income received during the year, $182,834.17.
Rates on Investments and Loans (Average on All, 4.73% ).
Real estate loans (average rate, 4.88 per cent.): 4J^%, $378,337; 5%, $1,274,073.04; 6%, $45.
Personal loans (average rate, 5.04 per cent.): 4J^%, $45,550; 4 % % , $120,000; 5%, $738,461.90;
5J^%,
$15,000; 6%, $90,708.01.
Bonds, stocks, etc. (average rate on book values, 4.26 per cent.): 3J^%, $221,000; 4%, $675,800; 4)U%,
$104,000; 5%, $103,800; 6%, $69,600; 7%, $8,800; 8%, $24^900; 10%, $13,800; 12%, $3,000,
(
Number of loans not over $3,000 each, 816, amounting to $946,036.36.
125 real estate loans made during year, amounting to $180,725.18.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 11,156, amounting to
$67,736 19
69,998 82
665,274 13
Number of withdrawals during year, 6,549, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$803,009 14
596,292 19
.
$206,716 95
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$56,000 Massachusetts 3k£s
15.000 Albany, N. Y., 4s
15.000 Allegheny, Pa., 4s
10.000 Burlington, Vt., 4s
50.000 Chelsea 4s
5.000 Malden 4s
26.000 Sioux City, la., 4Hs
25.000 Somersworth, N. H., 4s
10.000 Attleborough 4s
25.000 Danvers 4s
30.000 Gardner 3V¿s
40,500 Gardner 4s
10.000 North Attleborough 4s
6.000 Peabody 4s
3.000 Foxborough (W. D.) 4s
5,500 Van Burén, Me. (W. D.), 4s
Public Funds, Notes.
17.000 Gardner 4s
10,800 Hubbardston 4s
$359,800
Railroad Bonds.
$25,000 Baltimore & Ohio 3)^s
40.000 Bangor & Aroostook 5s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$35,000 Boston & Maine 4s
25.000 Boston & Maine 4)^s
25.000 B., R. Beach & Lynn 4}^s
10.000 C .,B .& Q . 3^28
30.000 C., B. & Q. 5s
5.000 Connecticut River 3Hs
11.000 Delaware & Hudson Co. 4s
30.000 Fitchburg 4s
3.000 Fitchburg 4J^s
11.000 Grafton & Upton 4s*
50.000 Illinois Central 3)^s
25.000 Maine Shore Line 6s
10.000 Mich. Cent. Air Line 4s
10.000 Mil., L. S. & W. 6s
10.000 N. Y. C. & H. R. 3V&
10.000 N. Y. & N. E. 4s
112,000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 4s
15.000 Penobscot Shore Line 4s
10.000 Portland & R. Falls 4s
10.000 Princeton & Northwest. 3J^s
10.000 Sioux City & Pacific 3}4s
15.000 Upper Coos 4s
$572,000
October 7, 8, 9, 10.
* A legal investment when made.
Street Railway Bonds.
$15,000 Boston Elevated 4s
25.000 Boston Elevated 4J^s
25.000 Boston & Northern 4s
25.000 Springfield 4s
25.000 West End 4s
$115,000
Bank Stocks.
Shs.
18 Millers River Nl. Bk., Athol
50 Eliot Nl. Bk., Boston
30 First Nl. Bk., Boston
20 Merchants Nl. Bk., Boston
50 Nl. Bk. of the Republic, Boston
54 State Nl. Bk., Boston
8 First Nl. Bk., Clinton
30 Fitchburg S. D. & T. Co.
316 First Nl. Bk., Gardner
100 Orange Nl. Bk.
34 Crocker Nl. Bk., Turner's Falls
171 First Nl. Bk., Winchendon
28 Mechanics Nl. Bk., Worcester
REPORT OF THE
134
[Pub. Doc
GEORGETOWN SAVINGS BANK, GEORGETOWN.
M AIN STREET.
Incorporated M ay 26, 1868.
W alteb
M.
Number of corporators, 40; number of trustees, 14.
B h e w s t e b , President.
S.
E dw aed
F i c k e t t , Treasurer .
L e w i s H . G i l e s , Clerk o f the Corporation.
Board o f Trustees:
S. A.
T . P.
L. H. B a t e m a n , W . M . B b e w s t e b , G. F. C a b l e t o n , L. F. C a b t e b , E. A . C h a p l i n ,
E . S. E i c k e t t , L. H. G i l e s , F. H. H a b b i m a n , M . H. H a b e i m a n , M . L. H o y t ,
H. N o y e s , C . E. T y l e b .
D onoghue,
K i l l a m , H.
Board o f Investm ent:
H . H.
A uditing Com m ittee:
L. H.
N oyes,
G il e s ,
S. A.
F. H.
D onoghue,
H a b b im a n ,
C. E.
T yleb.
M . L. H oyt .
Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable the fourth W ednesday of April and October. Business hours: 9 a . m . to 2 f . m . ; Saturdays,
9 a . m . to 12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$142,077
97.000
26.000
7,500
12,000
28
00
00
00
00
$284,577 28
349 loans on real estate (average o f each, $ 1 ,0 8 9 .6 9 ) .
17
loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 6 ,4 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
.
Book Value.
$138,734
87,780
26,125
7,700
10,740
$142,077
96,015
26,000
7,400
10,690
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
59
00
00
00
00
$271,079 59
.
.
.
Estimated
Market Value.
.
.
.
.
.
.
.
.
28
00
00
00
00
$282,182 28
380,303 41
58,992 48
4,645 95
18 75
22,295 47
1,660 72
$750,099 06
Liabilities.
Due depositors on 1,688 accounts, averaging $422.01 each
$712,348 67
(.Accounts opened during year, l i f t ; closed, 1 1 2 ; increase, 28)
Surplus: —
a. Guaranty fund ( 5 .1 9 % o f deposits; increase during year, none)
b. Profit and loss (decrease during year, $ 9 2 .2 3 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
37,000 00
377 58
$614 01
241 20
-------------
372 81
Total L ia b ilitie s .......................................... $750,099 06
135
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$1,340.57
$1,773.50
$275.00
Cost per $1,000 of assets
1.79
2 .3 6
.37
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$746.27
$4,163.84
.99
5.55
3.39
Advertising.
$28.50
.04
Gross income received during the year, $35,085.60.
Rates on Investments and Loans (Average on All, 4.68%).
Real estate loans (average rate, 5.16 per cent.): 5%, $318,606.37;
& W o , $100; 7%, $1,250.
Personal loans (average rate, 5.04 per cent.): 4 ^ % , $5,000; 4J^%,
5)^% , $3,300;
6%, $57,047.04;
$10,000 ; 5%, $24,992.48; o}4,% ,
$3,000; 5H % , $10,000; 5M % . $5,000; 6%, $1,000.
(average rate on book values, 3.97 per cent.): 3%, $15,000; 3J^%, $70,000; 3.70%,
$5,000; 3.77%, $10,000; 3.77J^%, $10,000; 3.80%, $10,000; 4%, $98,077.28; 4 ^ % , $58,000;
5%, $6,500; 6%, $2,000.
B onds , stocks, etc.
Number of loans not over $3,000 each, 345, amounting to $325,595.89.
36 real estate loans made during year, amounting to $39,510.72.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 934, amounting to
.
.
Number of withdrawals during year, 1,031, amounting to
.
N et increase in amount due depositors
.
.
.
.
$13,556 31
13,724 61
77,766 80
.
.
.
.
.
.
.
.
$105,047 72
89,558 73
.
$15,488 99
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Boston 4s
1.000 Chicopee 4s
16.000 Cleveland, 0., 4s
3.000 Everett 4s
5.000 Johnstown, Pa., 3}^s
15.000 Kansas City, Mo., 4)^s
1.000 Marlborough 4s
5.000 Minneapolis, Minn., 4J^s
7,077 New Bedford 4s
4.000 Waterville, Me., 4s*
10.000 Methuen 4s
Public Funds, Notes.
10.000 Lynn 3)^s
10.000 Amesbury 3)^s
10.000 Revere 3.77%
D ate
of
E x a m in a t io n ,
$10,000 Revere 3.80%
5,000 Salisbury 3.70%
10.000 Saugus 3.77J/£%
15.000 Winthrop 3J^s
$142,077
$07,000
Street Railway Bonds.
Railroad Bonds.
$25,000 Boston Elevated 4b£s
$10,000 Bennington & Rutland 4}^s*
1,000 Hoosac Valley 5s*
5.000 Boston & Albany V /g,
5.000 Boston & Maine 4s
$26,000
10.000 Boyer Valley 3J^s
4.000 Concord & Montreal 4s
Bank Stocks.
6.000 Fitchburg 4s
Shs.
15.000 Illinois Central 3s
55 Georgetown Nl. Bk.
10.000 Illinois Central 3J^s
20 First Nl. Bk., Ipswich
14.000 Illinois Central 4s
June 18.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000 Minnesota & Iowa 3^s
5.000 New York & N. Eng. 4s
2.000 N. Y „ N. H. & H. 4sf
3.000 Upper Coos 4s
3.000 Upper Coos 4J^s
t N ot a legal investment.
136
REPORT OF THE
[Pub. Doc.
GRAFTON SAVINGS BANK, GRAFTON.
Incorporated March 13, 1869.
H a r b in g t o n
Number of corporators, 45; number of trustees, 15.
L . N i c h o l s , President.
Board o f Trustees: F . A . A
J o s e p h A . D o d g e , Treasurer.
Sum ner
F . L e o n a r d , Clerk o f the Corporation.
n derson
, F . H . C l a p p , S . L . D a v e n p o r t , C . H . E l l i o t , F . L . F a r n ^u m ,
P e r l e y G o d d a r d , M a r t in H ic k e y ,
E. E.
E.
H ow e,
N i c h o l s , H. L . N i c h o l s , F r a n c i s P r e s c o t t , L . M. R i c e ,
S . F . S m it h , E . P . U s h e r , F . H . W a r r e n , O . M . W in g .
Board o f Investm ent: H .
Auditing Comm ittee:
L.
O. M .
N ic h o l s , C .
W in g ,
L.
S e a b u r y , S.
M a r t in
H ic k e y ,
L.
M. M c G a r r y ,
J. E. S h e r i d a n ,
A . H o w e , S. F . L e o n a r d , F .
G. K .
C.
L. Seabu ry ,
D a v e n p o r t , O . M . W in g , P e r l e y G o d d a r d .
E. E.
H ow e.
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a . m . to 12 m . ; 1.30 to 3 p . m . ; Saturdays, 9 a . m . to
12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds .
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$28,080
78.000
51.000
600
9,000
00
00
00
00
00
$28,416
75,060
49,380
900
8,055
$166,680 00
184 loans on real estate (average o f each, $ 1 ,7 2 2 .4 4 ) .
.
11 loans on personal security
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 4 ,0 0 0 )
.
Deposits in national banks or trust companies
.
.
Cash and cash items .
.
.
.
.
.
.
.
$161,811 25
.
.
.
.
.
.
.
.
.
.
.
25
00
00
00
00
.
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$28,080
77,900
50,757
500
7,826
00
00
50
00
25
$165,063 75
316,930
5,300
4,890
2,463
2,172
00
00
10
52
54
Total A s s e t s .......................................... $496,819 91
Liabilities.
Due depositors on 994 accounts, averaging $459.10 each
.
.
.
.
.
.
.
.
$456,349 88
{Accounts opened during year, 1 2 7 ; closed, 7 3 ; increase, 54)
Surplus: —
a. Guaranty fund {4 .5 1 % o f deposits; increase during year, $ 1 ,3 0 0 )
h. Profit and loss {decrease during year, $ 6 2 .6 8 )
.
.
.
.
Current income: —
I n t e r e s t ....................................................
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
20,600 00
11,778 33
$8,843 83
752 13
8,091 70
Total L ia b i lit i e s .......................................... $496,819 91
No. 8.]
BANK COMMISSIONER.
137
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$626.69
$1,236.50
$100.00
$28.66
Cost per $1,000 of assets
1.26
2 .49
.20
.06
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$685.45
$2,677.30
1.37
5.38
.
.
.
3.92
Gross income received during the year, $23,270.23.
Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans
(average rate, 5.13 per cent.):
4J^%, $19,375; 5%, $242,445; 5 % % , $9,650; 6% ,
$45,460.
Personal loans (average rate, 5.71 per cent.): 5J^%,
B on d s , stocks, etc. (average rate on book values, 4.25
$3,000; 6%, $2,300.
per cent.): 4% , $111,080; 4J^%, $30,000; 5% ,
$25,000; 8%, $600.
Number of loans not over $3,000 each, 170, amounting to $204,055.
25 real estate loans made during year, amounting to $38,450.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 561, amounting to
.
$8,398 62
8,612 69
60,953 68
' .
.
.
$77,964 99
52,967 05
Number of withdrawals during year, 688, amounting to
$24,997 94
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$8,000 Boston 4s
5.000 New Bedford 4s
5.000 San Francisco, Cal., 5s
4,320 Grafton 4s
Railroad Bonds.
$5,000 Bangor & Aroostook 5s
12.000 Boston & Maine 4s
5,000 C ..B .& Q . 4s
26.000 N. Y „ N. H. & H. 4s
15.000 No. Maine Seaport 5s
15.000 Portland & R. Falls 4s
$5,000 Boston & Northern 4s
5.000 West End 4s
3.000 West End 4J^s
12,000 Worcester Con. 4)^s*
$51,000
$78,000
Public Funds, Notes.
5,760 Grafton 4s
$28,080
Street Railway Bonds.
$11,000 Boston Elevated 4s
15,000 Boston Elevated 4)^s
D a t e op E x a m in a t io n , February 5, 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
Bank Stocks.
Shs.
6 Spencer Nl. Bk.
138
REPORT OF THE
[Pub. Doc.
GRANITE SAVINGS BANK, RGCKPORT.
9
Incorporated March 21, 1884.
H enry
M AIN STREET.
Number of corporators, 33; number of trustees, 13.
H . T h u r s t o n , President.
B u t m a n , Treasurer.
G rafton
R o b e r t H e r n e , Clerk o f the Corporation.
Board o f Trustees: J a m e s A
bbott
, G rafton B utm an,
G . A. L o w e , F r a n c i s N o b l e , O .
T h u rston , H . C . T u fts.
Board o f Investm ent:
H. H.
Auditing Comm ittee:
B. N.
E.
A.
H . F r e n c h , L . B . G r im e s , R o b e r t H e r n e ,
S m it h , B . N . T a r r , F . W . T a r r , H . H . T h u r s t o n ,
T h u rsto n , Jam es A b b o tt, G . A .
Tarr,
F. W .
T arr,
A. H.
L ow e, B.
N.
H.
Tarr,
L. W .
C . T u fts.
F rench.
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 4 and October 4. Business hours: 9 a . m . to 12 m . ; also Wednesdays, 2 to 3 p . m ., and Satur
days, 2 to 3 and 6 to 7 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
$74,500
33,000
7.000
6,100
6.000
00
00
00
00
00
$73,869
30,902
6,855
8,700
3,000
$126,600 00
00
50
00
00
00
$123,326 50
292 loans on real estate (average o f each, $ 9 6 6 .5 0 )
Less amount due on uncompleted loans .
Book Value.
$74,215
31,805
6,900
7,100
3,000
00
00
00
00
00
$123,020 00
$282,918 00
700 00
282,218
15,740
1,191
170
10,970
1,149
24 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $700 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets
00
00
66
10
95
00
$434,459 71
Liabilities.
Due depositors on 1,498 accounts, averaging 1274.78 each
.
$411,620 56
{Accounts opened during year, 1 4 8 ; closed, 1 2 5 ; incriase, 28)
Surplus: —
a. Guaranty fund (4 -0 7 % o f deposits; increase during year, $ 2 ,0 0 0 )
h. Profit and loss (increase during year, $ 2 ,2 7 3 .1 8 )
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
,
.
16,750 00
5,059 46
$1,216 81
187 12
1,029 69
Total Liabilities
.
.
.
.
.
$434,459 71
No.
BANK COMMISSIONER.
139
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$563.01
$1,684.90
$150.00
$128.92
Cost per $1,000 of assets
1.29
3.88
.34
.30
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$487.17
$3,014.00
1.12
6.93
5 .3 0
Gross income received during the year, $23,147.83.
Rates on Investments and Loans (Average on All, 5.40% ).
Real estate loans (average rate, 5.97 per cent.): 5%, $9,500; 5J^%, $3,000; 6%, $269,718.
Personal loans (average rate, 5.38 per cent.): 5%, $9,000; 5J^%, $1,500; 6%, $5,240.
B onds, stocks, etc. (average rate on book values, 4.10 per cent.): 2%, $8,000; 3%, $2,000;
3Jdj%,
$16,500; 3M % . $1,000; 4%, $76,200; 4 ^ % , $14,000 ; 5%, $6,200; 6%, $1,200; 10%, $1,500.
Number of loans not over $3,000 each, 301, amounting to $237,858.
49 real estate loans made during year, amounting to $41,370.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 1,555, amounting to
$7,735 24
7,753 56
68,613 05
Number of withdrawals during year, 1,081, amounting to
$84,101 85
75,559 99
Net increase in amount due depositors
$8,541 86
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$2,000 Massachusetts 3J^s
4.000 Essex Co. 4s
1.000 Akron, 0., 4h£s
1.000 Berlin, N. H., 4s
3.000 Boston 3}^s
1.000 Boston 4s
6.000 Chelsea 4s
5.000 Chicago, 111., 4s
1.000 Everett 4s
2.000 Fall River 4s
2.000 Joplin, Mo., 5s
2.000 Kansas City, Mo., 4J^s
2.000 Lowell 3)^s
1.000 Lynn 4s
2.000 Minneapolis, Minn., 4s
2.000 New Bedford 4s
3.000 New Britain, Conn., 4s
1.000 Pittsburgh, Pa., 4s
2.000 Schenectady, N. Y., 4s*
2.000 Sioux City, la., 4}4s
1.000 South Norwalk, Conn., 4s
2.000 Springfield 4s
2.000 Troy, N. Y „ 4s
1.000 Waltham 4s
1.000 Waterbury, Conn., 4s
D ate
of
$2,000 Danvers 4s
2.000 Douglas 4s
1.000 Marblehead 4s
2.000 Orange 4s
2.000 Plymouth 4)^s
3,500 Rockport 3J^s
2.000 Rockport 4s
3.000 Stoneham 4s
2.000 Swampscott V /is
2.000 N. Conway, N. H. (W. D.), 4s
Public Funds, Notes.
1,000 Plymouth 3%s
$74,500
Railroad Bonds.
$2,000 Bangor & Aroostook 5s
5.000 Boston & Maine 4s
3.000 Boston & Maine 4)^s
2.000 Chic., Mil. & St. Paul 4s
7.000 Fitchburg 4s
2.000 Illinois Central 3s
E x a m in a t io n , January 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
$4,000 N. Y „ N. H. & H. 3^s
4.000 N. Y .,N .H .& H .4s
2.000 Northern Maine Seaport 5s
2.000 Old Colony 4s
$33,000
Street Railway Bonds.
$2,000 Boston Elevated 4s
2.000 Boston Elevated 4üs
1.000 West End 4s
2.000 West End 4)^s
$7,000
Bank Stocks.
Shs.
12 Cape Ann Nl. Bk., Gloucester
2 Gloucester Nl. Bk.
15 Gloucester S. D. & T. Co.
20 Manchester Trust Co.
12 Rockport Nl. Bk.
REPORT OF THE
140
[Pub. Doc,
GREAT BARRINGTON SAVINGS BANK, GREAT BARRINGTON.
320 M AIN STREET.
Incorporated February 3, 1869.
W il l ia m
W.
Number of corporators, 38; number of trustees, 16.
N o r t o n , President.
C larence
R.
S a b i n , Treasurer.
C h a r l e s G i d d i n g s , Clerk o f the Corporation.
Board o f Trustees:
A.
J.
C . B e n t o n , O . C . B id w e l l ,
S. F a s s e t t , C .
M.
J.
W . W . N o r t o n , C . R . Sa b in , W . B . Sa n f o r d ,
Board o f Investm ent:
A.
H . C. C hurch,
W. W.
N orton,
Auditing Comm ittee: W . B . S a n f o r d ,
O. C.
J.
F.
B id w e l l ,
H . T urner,
A. S.
F.
F assett,
J.
C . C o l l in s ,
G ib b s , C h a r l e s G id d in g s , F . E . G id d in g s , R .
O.
N . E aslan d,
H a r p e r , W . C . H in m a n ,
H . W r ig h t .
F. E.
G id d in g s ,
F.
H. T urner.
C . B e n t o n , C h a r l e s G id d in g s .
Deposits draw interest from first day of January, April, July and October; dividends are payable the
first day of January and July. Business hours: 9 a . m . to 12 m .; 1 to 3 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds .
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
American Tel. & Tel. Co. bonds
.
.
Par Value.
.
.
.
.
.
.
.
.
.
.
$57,500
453,000
89,000
87,400
20,000
25,000
00
00
00
00
00
00
$731,900 00
362 loans on real estate (average o f each, $ 2 ,8 5 6 .6 2 ) .
45 loans on personal security
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $ 1 2 ,3 0 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
Estimated
Market Value.
$57,366
426,020
85,260
123,136
19,200
22,375
Book Value.
25
00
00
00
00
00
$733,357 25
$57,500
451,575
88,782
117,528
20,000
22,700
$758,085 51
1,034,096
105,600
20,738
21,270
519
.
00
00
50
01
00
00
00
00
35
56
78
Total Assets
$1,940,310 20
Due depositors on 5,129 accounts, averaging $353.95 each
$1,815,389 62
Liabilities.
{Accounts opened during year, 8 5 9 ; closed, 4 9 3 ; increase, 3 6 6 )
Surplus: —
a. Guaranty fund (3 .6 8 % o f deposits; increase during year, $ 4 ,7 0 0 )
b. Profit and loss {increase during year, $ 2 ,6 1 3 .0 6 ) ■ .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
66,900 00
27,704 76
•
$32,202 30
1,886 48
30,315 82
Total Liabilities
.
. $1,910,310 20
141
BANK COMMISSIONER.
No.
Total Expenses for the Year, including State Taxes.
Total.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
$8,573.16
Amount paid for
$3,241.01
$3,462.50
$1,000.00
$44.25
$825.40
4 .4 0
C o s t per $1,000 of assets
1.67
1.78
.51
.02
.42
2 .2 2
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $83,625.63.
Rates on Investments and Loans (Average on All, 4.67% ).
Real estate loans
(average rate, 4.98 per cent.): 4%, $20,000;
4J^%, $32,500;
5%, $966,741;
6%,
$14,855.
Personal loans (average rate, 5.09
B onds, stocks, etc. (average rate on
per cent.): 5%, $88,200; 5 } ^ % , $15,400; 6%, $2,000.
book values, 4.20 per cent.): 3J^%, $115,000; 4%, $436,800; 4J^%,
$20,000; 5%, $85,300; 6%, $25,600; 7%, $27,500; 8%, $21,700.
Number of loans not over $3,000 each, 328, amounting to $447,926.
66 real estate loans made during year, amounting to $204,990.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 5,420, amounting to
$32,163 68
33,345 02
363,465 42
Number of withdrawals during year, 3,429, amounting to
$428,974 12
293,912 05
Net increase in amount due depositors
$135,062 07
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$15,000 Boston 4s
10.000 Bridgeport, Conn., 3}^s
20.000 Chicago, 111., 4s
9.000 Gt. Barrington (F.D.) 4s
Public Funds, Notes.
3.000 New Marlborough 5s
500 West Stockbridge 5s
$57,500
Railroad Bonds.
$30,000 Bangor & Aroostook 5s
30.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
39.000 Boston & Maine 4s
20.000 Boston & Maine 4 A s
30.000 C., B. & Q. 3^s
60.000 C., B. & Q. 4s
9,000 Connecticut River 4s
40.000 Fitchburg 4s
30.000 N. Y., N. H. & H. 3^s
45.000 N. Y., N. H. & H. 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Shs.
5 South End NI. Bk., Boston
8 Dedham NI. Bk.
78 NI. Mahaiwe Bk., Gt. Barrington
8 Franklin Co. Tr. Co., Greenfield
$453,000
38 First NI. Bk., Haverhill
25 Park NI. Bk., Holyoke
Street Railway Bonds.
24 Lee NI. Bk.
$44,000 Boston Elevated 4s
10 NI. Bk. of Methuen, Methuen
15.000 Hoosac Valley 4s*
85 Monson NI. Bk.
10.000 Leom., Shirley & Ayer 5s
10 First NI. Bk., New Bedford
10.000 Lynn & Boston 5s
10 Mechanics NI. Bk., New Bedford
10.000 West End 4s
57 No. Adams NI. Bk.
1 Pittsfield NI. Bk.
$89,000
10 Nat. Mt. Wollaston Bk., Quincy
11 Framingham NI. Bk., So. Fram.
35 Chapin NI. Bk., Springfield
Bank Stocks.
100 Chicopee NI. Bk., Springfield
Shs.
50 Bristol Co. NI. Bk., Taunton
6 First NI. Bk., Adams
7 Taunton NI. Bk.
5 Beverly NI. Bk., Beverly
39 Crocker NI. Bk., Turners Falls
10 Commercial NI. Bk., Boston
5 Ware NI. Bk.
23 Fourth Atlantic NI. Bk., Boston
10 First NI. Bk., Winchendon
45 NI. Market Bk. of Brighton, Bost’n
25 Merchants NI. Bk., Worcester
14 NI. Union Bk., Boston
48 Mechanics NI. Bk., Worcester
72 Peoples NI. Bk., Boston
$20,000 No. Maine Seaport 5s
55.000 Old Colony 4s
25.000 Washington Co. P/^s
September 12.
* A legai investment when made.
142
REPO RT OF THE
[Pub. Doc.
GREENFIELD SAVINGS BANK, GREENFIELD.*
358 M AIN STREET.
Incorporated March 19, 1869.
E ugene
Number of corporators, 28; number of trustees, 12.
B . B l a k e , President.
F . A i k e n , Treasurer.
W il l ia m
S a m u e l D . C o n a n t , Clerk o f the Corporation.
Board o f Trustees: W . F . A
G raves, C.
.
H.
ik e n
,
E.
E.
B . B l a k e , S. D . C o n a n t , J.
D onovan, C.
H.
K e it h , L . A . L u e y , G . C . L u n t , B . W . P o r t e r , J .
L . F ie l d , L . F .
S a n d e r s o n , F . L . W h it
m ore
Board o f Investm ent:
E. B.
A uditing Comm ittee:
E. B.
B lake,
B lake,
J. E.
D onovan,
C. L.
F ie l d ,
G. C.
L. A.
L unt,
C. H.
K e it h ,
B. W .
P orter.
L uey.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$158,300 00
914.000 00
121.000 00
60,000 00
43,000 00
$1,296,300 00
Estimated
Market Value.
Book Value.
$158,300
862,595
121,000
53,700
15,230
$158,300
854,962
118,500
54,000
15,230
00
00
00
00
00
$1,210,825 00
435 loans on real estate ( average o f each, $ 1 ,4 3 4 .2 3 ) .
.
.
.
.
611 loans on personal security
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 1 ,7 0 0 )
.
.
.
.
Interest due on bank book loans .
.
.
.
.
.
.
.
Profit and loss {deficit decreased $51,5 6 4 -9 1 during year)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .................................................................................................................... ..........
.
.
.
.
.
.
.
.
.
.
.
.
00
50
00
00
00
$1,200,992 50
623,891
750,326
1,500
15,700
51,727
328,009
960
05
26
00
94
10
98
40
Total A s s e t s .......................................... $2,973,108 23
Liabilities.
Due depositors on 6,652 accounts, averaging $426.64 each
Surplus: —
Guaranty fund (3 .5 8 % o f deposits; increase during year, none)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
Total Liabilities
.
.
$2,838,075 21
101,603 96
$35,636 92
2,207 86
----------------.
.
.
.
33,429 06
$2,973,108 23
* The affairs of this bank are now being administered b y the Bank Commissioner, under the pro
visions of chapter 399, Acts of 1910.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER.
No. 8.
143
Total Expenses for the Year.
Salaries.
Rent.
Amount paid for
$3,829.84
$680.00
Cost per $1,000 of assets
1.29
.23
C ost per $ 1 ,000 of assets not including rent .
Advertising.
Other Expenses.
$1,167.34
.39
$8.50
Total.
$5,685.68
1.91
1.68
Gross income received during the year, $137,209.26
Rates on Investments and Loans (Average on All, 4.64% ).
Real estate loans
(average rate, 5.01 per cent.): 3%, $27,500; 4J^%, $26,000; 5%, $494,681.05; 6 %,
$75,710.
(average rate, 4.79 per cent.): 4%, $30,000; 4.25%, $155,000; 4M%> $76,700; 4.75%,
$65,000; 5%, $358,990.26; 5 ^ % , $36,000; 6 %, $28,611.
B onds, stocks, etc. (average rate on book values, 4.36 per cent.): 3%, $50,000; 3}^%, $261,000; 3.85%,
$30,000; 4%, $543,500; 4.08%, $20,000; 4.25%, $28,000; 4J^%, $51,800; 5%, $223,000; 6 % , $56,000.
Personal loans
Number of loans not over $3,000 each, 978, amounting to $598,699.90.
1 real estate loan made during year, amounting to $25,000.
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$13,000 Cambridge 4s
2.000 Everett 4s
2.000 Malden 4s
2.000 Salem 4s
4.000 Waltham 4s
4.000 Greenfield 4s
1.000 So. Abington 4s
Public Funds, Notes.
28.000 Franklin Co. 4L£s
4.000 Bernardston 5s
30.000 Leominster 3.85%
20.000 Marblehead 4.08%
1.000 Northfield 4s
4,800 Northfield 4p£s
5.000 Colrain (F. D.) 4s
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$26,500 Greenfield (F. D.) 4s
11,000 Greenfield (F. D.) 4J^s
$158,300
Railroad Bonds.
$40,000 Boston & Albany 4s
1,000 Boston & Lowell 4s
50.000 Boston & Maine 3s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4bás
125,000 C., B. & Q. 3Mis
50.000 C..B. & Q. 4s
49.000 Chicago & Northwest. 5s
56.000 Chicago & Northwest. 6s
57.000 Fitchburg 4s
* A legal investment when made.
$76,000 Illinois Central 3Ms
100.000 Milwaukee, L. S. & W. 5s
200.000 N. Y., N. H. & H. 4s
50.000 Sious City & Pacific 3Ms
10.000 Washington Co. 3Ks
$914,000
Street Railway Bonds.
$10,000 Athol & Orange 5s*
50.000 Lynn & Boston 5s
50.000 Springfield 4s
11.000 West End 4MJs
$121,000
REPORT OF THE
144
[Pub. Doc.
HAMPDEN SAVINGS BANK, SPRINGFIELD.
294 M AIN STREET.
Incorporated April 13, 1852.
C harles
L.
G a r d n e r , President.
John
L ouis
J.
Board o f Trustees: H .
D.
Number of corporators, 43; number of trustees, 14.
B eebe,
F.
O . G il m o r e , H . S. H y d e ,
Sou th w orth ,
F.
Board o f Investm ent:
B.
P h e l p s , Treasurer.
C . H y d e , Clerk o f the Corporation.
E. C arpenter,
L. C.
G. R .
E stabrook,
H yd e, H . E . M arsh , P eter
C. L.
G ardner,
W.
L. J.
M urray,
E . G il b e r t ,
P o w e r s, M . 8.
H . S t e b b i n s , E . T . T if f t .
C. L.
G ardner,
Auditing Committee: H . S. H
yde
F. E.
D . O.
C arpenter,
G il m o r e ,
F. H.
S t e b b in s .
, M . S. S o u t h w o r t h , E . T . T if f t .
Deposits draw interest from the fifteenth day of February, M ay, August and Novem ber; dividends
are payable February 18 and August 18. Business hours; 9 a . m . to 4 p . m . ; Saturdays, 9 a . m . to
12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
„
.
American Tel. & Tel. Co. bonds .
.
.
.
$100,000
1,375,000
125,000
31,800
87,000
.
00
00
00
00
00
$1,718,800 00
339 loans on real estate (average o f each, $ 8 ,3 4 0 .6 8 ) .
.
66 loans on personal security
.
.
.
.
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Estimated
Market Value.
$90,312
1,264,625
118,500
37,155
77,865
50
00
00
00
00
$1,588,457 50
.
.
.
.
Book Value.
$ 100,000
1,361,342
124,000
31,800
80,437
00
00
00
00
50
$1,697,579 50
2,827,475
399,385
80,007
5,922
00
61
82
35
Total Assets
$5,010,370 28
Due depositors on 8,969 accounts, averaging $524.77 each
$4,706,699 95
Liabilities.
{Accounts opened during year, 1 ,8 8 9 ; closed, 1 ,5 1 9 ; increase, 370)
Surplus: —
a. Guaranty fund ( 5 % o f deposits; increase during yea r, $ 1 3 ,0 5 0 )
h. Profit and loss (increase during yea r, $ 6 ,1 4 6 .7 0 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
235,200 00
53,664 70
$17,642 26
2,836 63
14,805 63
Total Liabilities .
$5,010,370 28
No. 8.]
BANK COMMISSIONER.
145
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$9,140.22 $7,919.88
$3,600.00
Cost per $ 1,000 of assets
1.82
1.58
.72
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
Total.
$270.73
$1,499.76
$22,430.59
.05
.30
4 .4 7
.
.
.
.
.
1 .9 3
Gross income received during the year, $215,743.70.
Rates on Investments and Loans (Average on All, 4.55% ).
Real estate loans (average rate, 4.90 per cent.): 4J^%, $563,000; 5%, $2,264,475.
Personal loans (average rate, 5.01 per cent.): 4J^%, $15,000; 5%, $361,455; 5 } 4 % , $22,930.61.
Bonds, stocks, etc. (average rate on book values, 3.86 per cent.): 3%, $50,000; 3Lg%, $625,000;
4% ,
$1,015,000; 5%, $23,800; 8 %, $5,000.
Number of loans not over $3,000 each, 231, amounting to $369,845.61.
37 real estate loans made during year, amounting to $522,800.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1912, 2%
Aug., 1912, 2%
Number of deposits during year, 10,895, amounting to
.
$85,242 69
88,203 54
1,095,904 43
$1,269,350 66
960,746 04
Number of withdrawals during year, 7,804, amounting to
N et increase in amount due depositors
$308,604 62
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Boston 3)^s
50.000 Providence, R. I., 3s
$100,000
Railroad Bonds.
$50,000 Boston & Albany 4s
50.000 Boston & Maine 3J^s
50.000 B. & N. Y. Air Line 4s
50.000 Boston & Providence 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100,000 C .,B .& Q .3 ^ s
100.000 C., B. & Q. 4s
200.000 Conn. River 4s
50.000 Fitchburg 3Jdis
50.000 Fitchburg 4s
225.000 Illinois Central 3}^s
50.000 N. Y. C. & H. R.3J^s
50.000 N. Y. & N. E. Term. 4s
100.000 N. Y „ N. H. & H. ZV2a
200.000 N. Y „ N. H. & H. 4s
50.000 Old Colony 4s
$1,375,000
M ay 13, 14.
Street Railway Bonds.
$75,000 Boston Elevated 4s
50,000 Springfield 4s
$125,000
Bank Stocks.
Shs.
50 Nl. Bk. of the Republic, Boston
30 First Nl. Bk., Norwich, Ct.
25 Uncas Nl. Bk., Norwich, Ct.
213 Chapin Nl. Bk., Springfield
50 Chicopee Nl. Bk., Springfield
REPORT OF THE
146
[Pub. Doc.
HAVERHILL SAVINGS BANK, HAVERHILL.
153 M ERRIM ACK STREET.
Incorporated February 8 , 1828.
W il l ia m
W . S p a u l d i n g , President.
A lfred
Board o f Trustees:
W.
Number of corporators, 54; number of trustees, 18.
R aymond
E . C o l l i n s , Clerk o f the Corporation.
E . B ix b y , R . S. C h a se ,
F l o y d , E . G . F r o t h in g h a m ,
H.
J. A.
B . G o o d r ic h ,
C o lby, C . E . D ole, W arb e n E m erson ,
H.
M . G o o d w in ,
J.
W. W.
A u d itin g Comm ittee:
C. E.
W . H.
L . H o bso n , F . E . H u tch
, G . W . L e n n o x , H. E . L e w i s , F . D . M c G r e g o r , I s a a c P o o r ,
V e a s e y , I. J. W e b s t e r .
in s o n
B oard o f Investm ent:
N o y e s , Treasurer.
W. W.
S p a u l d in g ,
A.
D .
S p a u l d in g , W a r r e n E m e r so n , F . D . M c G r e g o r .
D ole,
W . H.
F loyd,
J. A.
C olby.
Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable the fourth W ednesday of April and October. Business hours: 9 a . m . to 2 p . m . ; Satur
days, 9 a . m . to 12.30 P .M .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Par Value.
$343,000
1,346,000
75,000
167,200
135,000
00
00
00
00
00
$2,066,200 00
Estimated
Market Value.
$333,282
1,228,727
73,375
328,873
120,825
Book Value.
50
50
00
00
00
$343,000
1,321,428
75,000
167,200
121,831
00
75
00
00
25
$2,085,083 00
$2,028,460 00
765 loans on real estate (average o f each, $ 4 ,5 4 6 .OS) .
.
.
.
.
.
.
68
loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 6 5 ,0 0 0 ; assessed value, $ 6 5 ,3 2 5 )
.
.
Deposits in national banks or trust companies
.
.
.
. *
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Cash and cash items
3,476,950 00
1,640,850 00
25,000 00
210,323 76
5,317 79
Total A s s e t s .......................................... $7,386,901 55
Liabilities.
Due depositors on 16,044 accounts, averaging $414.50 each
.
$6,650,161 20
(Accounts opened during year, 1 ,6 8 7 ; closed, 1 ,3 0 0 ; increase, 287)
Surplus: —
a. Guaranty fund (4 -9 6 % o f deposits; increase during year, $ 1 6 ,0 0 0 )
b. Profit and loss (increase during year, $ 6 4 ,1 7 9 .6 3 ) .
Current income: —
a. Interest .
.
.
.
.
.
.
$6,989 26
b. R e n t ...............................................................
■ 29 17
$7,018 43
20 40
Less current expenses not charged off
6,998 03
210 64
Due on foreclosed estate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
330,000 00
399,531 68
T otal Liabilities .
. $7,386,901 55
147
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$15,720.97 $12,112.00 $2,500.00
Cost per $1,000 of assets
2 .1 3
1.64
.34
Cost per $1,000 of assets not including State tax and rent
Other Expenses.
Total.
$2,084.11
$32,417.08
.28
4.39
1.92
Gross income received during the year, $327,698.51.
Rates on Investments and Loans (Average on All, 4.59% ).
{average rate, 4.88 per cent.): 4J^%, $855,250; 4 % % , $34,500; 5%, $2,562,325;
5 ^ % , $2,350; 6 %, $22,525.
Personal loans (average rate, 4.50 per cent.): 4%, $150,000; 4)4% , $651,500; 4)6% , $200,000; 4J4%,
$274,300; 4M % . $25,000; 5%, $123,050; 5)4% . $75,000; 5)4%. $75,000; 5)4% , $67,000.
Bonds, stocks, etc. (average rate on book values, 4.15 per cent.): 3%, $50,000; 3)4% , $828,000; 4% ,
$813,000; 4)4% , $208,000; 7%, $31,800; 8 %, $121,300.
Real estate loans
Number of loans not over $3,000 each, 509, amounting to $799,800.
198 real estate loans made during year, amounting to $931,800.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
.
.
.
.
.
Oct., 1 9 1 2 , 2 % ..........................................
Extra dividends declared during year:
April, 1912, )4 %
.
.
.
.
.
Oct., 1912, M % ..........................................
Number of deposits during year, 15,404, amounting to
.
.
.
.
.
.
Number of withdrawals during year, 11,921, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
$1,271,806 30
950,378 90,
.
.
$122,546 76
125,994 97
15,318 31
15,749 43
992,196 83
.
$321,427 40
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3)4s
20.000 Bay City, Mich., 4s
25.000 Cambridge 3)4s
25.000 Danbury, Ct., 4s
20.000 Gloucester 3)4s
57.000 Indianapolis, Ind., 4s
50.000 Los Angeles, Cal., 4)4s
21.000 Meriden, Ct., 3)4s
35.000 Middletown, Ct., 3)4s
29.000 Somerville 4s
21.000 Wilkes-Barre, Pa., 3)4s
15.000 Mansfield 4s
$343,000
Railroad Bonds.
$67,000 Atch., Top. & Santa Fé 4s
100,000 Boston & Albany 3)4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000 Boston & Maine 3)4s
133.000 Boston & Maine 4)4s
100.000 Boston & Providence 4s
95.000 C., B. & Q. 3)4s
75.000 Concord & Montreal 4s
50.000 Conn. Rive? 3)4s
15.000 Dexter & Piscataquis 4s
73.000 Erie & Pittsburgh 3)4s
50.000 Illinois Central 3s
95.000 Illinois Central 3)4s
30.000 Illinois Central 4s
50.000 Minn. & Iowa 3)4s
25.000 N. Y. & N. E. Term. 4s
120.000 N. Y., N. H. & H. 3J4s
50.000 N. Y., N. H. & H. 4s
33.000 Old Colony 3)4s
100.000 Old Colony 4s
20.000 Penobscot Shore Line 4s
40.000 Sioux City & Pac. 3)4s
$1,346,000
October 7, 8 .
Street Railway Bonds.
$25,000 Boston Elevated 4)4s
50,000 West End 4s
$75,000
Bank Stocks.
Shs.
187 Fourth-Atlantic Nl. Bk., Boston
225 Nl. Bk. of the Republic, Boston
500 Nl. Shawmut Bk., Boston
141 State Nl. Bk., Boston
16 Webster & Atlas Nl. Bk., Boston
115 First Nl. Bk., Haverhill
375 Haverhill Nl. Bk.
300 Merrimack Nl. Bk., Haverhill
38 Bay State Nl. Bk., Lawrence
REPORT OF THE
148
[Pub. Doc.
HAYDENVILLE SAVINGS BANK, HAYDENVILLE.
SOUTH M AIN STREET.
Incorporated March 17, 1869.
B yron
Number of corporators, 41; number of trustees, 24.
L o o m i s , President.
W il b u r
Board o f Trustees: H
o r a t io
W.
B . H osford, H . P . H o w es, L .
M arks,
J. W .
C. E.
B is b e e , T .
L.
C.
C lapp,
C lark,
M ason ,
Board o f Investm ent: B
A uditing C om m ittee: J .
yron
A. G.
E . F.
I.
B r e c k e n r id g e ,
C one,
W.
C. S.
W . Hill, S. A .
C. S.
F. H . B r y a n t , R . F.
S. A. E w i n g , H . W .
D am on,
B u r k e , C. F. B u r r ,
G r a v e s , J. W . H i l l ,
C. N . L o u d , G e o r g e
C. H. W a i t e .
J o y , T . P . L a r k in , B y r o n L o o m is ,
M il l e r ,
L o o m is ,
M . P u r r i n g t o n , Treasurer.
G . C o n e , Clerk o f the Corporation.
A lfred
E . C.
S. W .
Packard,
D amon,
T . P.
L a r k in ,
T il t o n ,
T . I.
B r e c k e n r id g e ,
C.
E . C lark.
E w in g , L . W . C l a p p .
Deposits draw interest from second Tuesday of January, April, July and October; dividends are p ay
able the second Tuesday of January and July. Business hours: 9 a . m . to 4 p . m . ; Saturdays,
9 a . m . to 12 M .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds • .
$37,326
106,000
5,000
12,300
10,000
61
*37,326
99,415
4,850
14,465
8,950
00
00
00
00
$170,626 61
383 loans on real estate (average o f each, 8 1 ,1 4 9 .0 5 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
$165,006 61
.
.
.
61
00
00
00
00
.
$37,301
103,605
5,000
13,000
8,737
61
00
00
00
50
$167,644 11
$442,738 74
2,650 00
440,088
38,015
5,500
17,693
638
152 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 6 ,5 0 0 ; assessed value, $ 4 ,8 0 0 )
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
. * .
Total Assets
Book Value.
.
.
.
.
74
98
00
72
80
$669,581 35
Liabilities.
Due depositors on 1,779 accounts, averaging $356.49 each
$634,19 3 13
(Accounts opened during year, S I 8 ; closed, 1 8 8 ; increase, 35)
Surplus: —
a. Guaranty fund (4.75% o f deposits; increase during year, $ 2 ,0 0 0 )
b. Profit and loss (increase during year, $1 ,2 9 0 .2 9 )
Current incom e: —
a. Interest .
.
.
.
.
.
.
$3,579 66
b. R e n t ................................................................
193 43
$3,773 09
843 36
----------------
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
30,000 00
2,458 49
Total Liabilities .
2,929 73
$669,581 35
No. 8.]
BANK COMMISSIONER.
149
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$847.98
$1,900.00
$240.00 $107.60
Cost per $1,000 of assets
1.27
2 .84
.36
.16
Cost per $ 1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$846.14
$3,941.72
1 .2 6
5.89
4.26
Gross income received during the year, $31,546.79.
Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.09 per cen t.): 5%, $391,950.63; 5j^% , $13,500.11; 6 %, $34,638.
Personal loans (average rate, 5.65 per cent.): 5%, $13,208.15; 6 %, $24,807.83.
Bonds, stocks, etc. (average rate on book values, 4.22 per cent.); S}4Vo> $32,000; 4%, $100,800; 4J^%,
$15,000; 5%, $17,326.61; 6 % , $2,100; 7%, $2,500;
10%, $900.
Number of loans not over $3,000 each, 498, amounting to $315,977.48.
51 real estate loans made during year, amounting to $51,640.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 1,577, amounting to
$11,844 13
12,083 34
118,896 18
Number of withdrawals during year, 1,293, amounting to
$142,823 65
122,115 95
$20,707 70
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Boston 3Hs
1,000 Chicago, 111., 4s
16,000 Williamsburg 4s
Public Funds, Notes.
2,326 Goshen 5s
8,000 Williamsburg 4s
Railroad Bonds.
$20,000 Boston & Maine 4s
10.000 Boston & Maine 4}^s
20.000 C., B. & Q. 4s
10.000 CMc., R. I. & Pac. 4s
10.000 Illinois Central 3b£s
12.000 N. Y., N. H. & H. 3^s
14.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
$106,000
$37,326
D a t e op E x a m in a t io n , March 5, 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
Street Railway Bonds.
$5,000 Worcester Con. 4)^s*
Bank Stocks.
Shs.
18 Conway Nl. Bk.
21 First Nl. Bk., Easthampton
25 City Nl. Bk., Holyoke
15 Home Nl. Bk., Holyoke
10 First Nl. Bk., Northampton
25 Hamp. Co. Nl. Bk., Northampton
9 Northampton Nl. Bk.
150
REPORT OF THE
[Pub. Doc.
HIBERNIA SAVINGS BANK, BOSTON.
215
Incorporated M ay 21, 1912.
John
TREMONT STREET.
Number of corporators, 52; number of trustees, 27.
R . M c V e y , President.
J a m e s W . R e a r d o n , Treasurer.
John
F.
Board o f Trustees: J .
K even ey, John
S. J.
J. W
B arry, D .
L ally,
F.
M cB k een , J.
E. L.
M cD o n ald ,
F . B a r r y , Clerk o f the Corpoiation.
F.
R eardon,
T.
A uditing Comm ittee:
J. F.
F.
T.
W . G ood , P . J. H a r n e y , C h a r le s
L om asn ey, J.
F.
F. L ow ,
F. O ’ C o n n e l l , P a t r i c k
C. F. R i o r d a n , J . J .
O ’H e a r n , J.
, C harles K eyeney,
C r o n in ,
J. F.
Barry,
M ahoney,
H. A.
T . F. L
J. F. L ow , P. J.
W . P.
C.
O ’K a n e , P . P . P o r t e r ,
Scarry.
G o o d , J o h n L a l l y , P a t r ic k O ’ H e a r n ,
eeh an
X.
F.
J. M cV e y , J . R . M c V e y , W . P . M e e h a n ,
J. R e a r d o n ,
T. W.
W . P. M
Board o f Investm ent:
T.
L . M cG o w a n ,
M o r a n , J. P . O ’C o n n e ll, J.
.
B tjr k e , J. F . C r o n in ,
L ogan,
F.
o m asn ey
,
J. F.
O ’C o n n e ll,
H arney.
M eehan.
Deposits draw interest from the fifteenth day of January, April, July and October; dividends are
payable January 15 and July 15. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 1 p . m .;
also Thursdays and Saturdays, for deposits only, from 6 to 8 p . m .
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
%
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
Street railway bonds .
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
.
21 loans on real estate {average o f each, $ 3 ,2 0 4 .7 6 )
Less amount due on uncompleted loans .
8 loans on personal security .
.
.
.
.
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
$9,000 00
Book Value.
2,000 00
2,000 00
$8,985 00
1,800 00
1,790 00
$9,000 00
1,850 00
1,800 00
$13,000 00
$12,575 00
$12,650 00
$68,300 00
.
1,000 00
67,300
17,619
40
12,517
1,096
.
.
00
75
30
79
60
i
$111,224 44
Total Assets
Liabilities.
$ 110,886 60
Due depositors on 557 accounts, averaging $199.07 each .
{Accounts opened during year, 6 1 8 ; closed, 6 1 ; increase, 5 5 7 )
Current income: —
Interest
.
Unearned discount
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
.
.
Total Liabilities .
(
136 94
200 90
.
.
.
.
.
.
$111,224 44
BANK COMMISSIONER,
No. 8.]
151
Rates on Investments and Loans (Average on All, 4.88%).
(average rate, 5.02 per cent.): 5%, $64,900; 5J^%, $2,400.
(average rate, 4.98 per cent.): 4%, $4,988.50; 4)^%, $4,981.25; 5J^%, $5,000; 6 %,
$2,300; 8 %, $250; 12%, $100.
B onds, stocks, etc. (average rate on book values, 4.10 per cent.): 4%, $13,000.
Real estate loans
Personal loans
Number of loans not over $3,000 each, 13, amounting to $19,350.
21 real estate loans made during year, amounting to $68,300.
* Dividends, Deposits and Withdrawals.
Number of deposits during year, 1,083, amounting to
Number of withdrawals during year, 196, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$125,543 23
14,656 63
$110,886 60
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$6,000 Salem 4s
Public Funds, Notes.
$500 Billerica 4s
2,000 Needham 4s
500 Walpoie 4s
Street Railway Bonds.
$2,000 Boston & Northern 4s
$9,000
D ate
of
E x a m in a t io n ,
November 18.
* This bank has only recently commenced business and no dividends have yet been paid.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152
REPORT OF THE
[Pub. Doc,
HINGHAM INSTITUTION FOR SAVINGS, HINGHAM.
MAIN STREET.
Incorporated April 2, 1834.
M o r r is
F.
Number of corporators, 56; number of trustees, 14.
W h i t o n , President.
H ow ard
Board o f Trustees: C . B . B
arnes
P.
H e r s e y , Treasurer.
L . C u r t i s s , Clerk o f the Corporation.
E lm er
, E.
L.
C u r t is s , H .
W. W.
F . M . H ersey, H . P . H ersey,
W .
C u s h in g , W . B . F e a r in g ,
H e r s e y , E . B . L o r in g , B .
A.
J.
S. F ow ler,
R o b in s o n , E . F . S k in n e r ,
E . E . W h it n e y , M . F . W h it o n , B . C . W il d e r .
Board o f Investm ent: M . F . W
Auditing Comm ittee:
M . F.
h it o n
, H . W . C u s h in g , F . M . H e r s e y , W . B . F e a r in g .
W h it o n ,
W. W.
H ersey,
B. A.
R o b in s o n .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay
able the Wednesday following the first Tuesday of January and July. Business hours: 8 a . m .
to 12 m . ; 1 to 4 p . m . ; Saturdays, 8 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
Boston Terminal C o. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$152,872
538.000
147.000
10,750
100.000
57,000
47,106
20
00
00
00
00
00
53
$1,052,728 73
389 loans on real estate (.average o f each, S3,4-86.39) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
Estimated
Market Value.
Book Value.
$151,072
489,777
142,350
12,650
96,000
51,015
28,290
$152,522
532,277
146,100
9,000
106,000
51,933
31,974
17
50
00
00
00
00
00
$971,154 67
00
75
24
$1,029 807 69
$1,352,657 75
15,900 00
1,336,757
494,050
5,000
33,892
2,078
30 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 5 ,0 0 0 ; assessed value, $ 3 ,5 0 0 )
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
Total Assets
20
50
00
00
75
00
00
61
02
.
.
.
.
.
$2,901,586 07
.
.
.
.
.
$2,703,879 82
Liabilities.
Due depositors on 5,245 accounts, averaging $515.51 each
( Accounts opened during year, 4 8 2 ; closed, 4 0 1 ; increase, 81)
Surplus: —
a. Guaranty fund (4 .9 3 % o f deposits; increase during year, $ 3 ,4 0 2 )
b. Profit and loss (decrease during year, $ 3 ,5 9 3 .5 4 )
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$2,712 86
Less State or local taxes not charged off .
50 23
-----------------------
.
.
.
.
133,347 00
21,349 76
$45,047 66
2,763 09
42,284 57
669 65
55 27
Unearned discount
Suspense account
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
T otal Liabilities .
. $2,901,586 07
No.
BANK COMMISSIONER.
153
Total Expenses fo r the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$6,000.82
$6,403.28
$500.00
$107.50
Cost per $ 1,000 of assets
2 .07
2 .2 1
.17
.04
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$1,907.13 $14,918.73
.6 6
5 .15
2.91
Gross income received during the year, $126,726.89.
Rates on Investm ents and Loans (Average on All, 4.62%).
(average rate, 5.01 per cent.): 4%, $36,755; 4)4% , $69,000; 4)4% , $69,500; 4M % .
$26,000; 5%, $969,962.75; 5)4% , $44,325; 6 %, $120,590; 7%, $625.
Personal loans (average rate, 5.02 per cen t.): 4%, $200; 4)4% , $65,000; 4)4% , $65,000; 5%, $103,350,
5)4% , $183,000; 5)4% , $56,000; 5J4%, $10,000; 6 %, $11,500.
Bonds, stocks, etc. (average rate on book values, 3.92 per cent.): 2 % , $34,500; 3)4% , $445,000; 4 % ,
$383,000; 4)4% , $83,872.20; 5%, $60,000; 6 %, $23,000; 7%, $9,000.
Real estate loans
Number of loans not over $3,000 each, 248, amounting to $385,702.75.
48 real estate loans made during year, amounting to $183,400.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 3,005, amounting to
$51,565 24
52,153 75
288,800 66
Number of withdrawals during year, 2,868, amounting to
Net increase i,n amount due depositors
.
.
.
.
.
.
.
.
.
.
$392,519 65
322,429 89
.
.
.
$70,089 76
SCHEDULE OF SECURITIES OWNED.
P ublic Funds, Bonds.
$20,000 Boston & Albany 3)4o
15.000 Boston & Maine 3)4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
23.000 Burlington & Mo. River 6s
70.000 C., B. & Q. 3)4s
20.000 Chic., R. I. & Pacific 4s
5.000 Erie & Pittsburgh 3)4s
25.000 Fitchburg 4s
25.000 Illinois Central 3)4s
45.000 Illinois Central 4s
5.000 Mich. Central 3)4s
25.000 Minn. & Iowa 3)4s
80.000 N. Y., N. H. & H. 3)^s
15.000 N. Y., N. H. & H. 4s
40.000 No. Maine Seaport 5s
35.000 Old Colony SV2s
25.000 Princeton & Northwest. 3)4s
$10,000 Baltimore, Md., 4s
53.000 Boston 4s
10.000 Chelsea 3J4s
25.000 Oshkosh, Wis., 4s
10.000 Springfield 3J4s
10.000 Waterbury, Ct., 3)4s
5.000 Woonsocket, R. I., 4s
10.000 Milton 3)4s
Public Funds, Notes.
6.000 Hingham 4s
13,872 Hingham 4)4s
$152,872
Railroad Bonds.
$25,000 Atch., Top. & Santa Fé 4s
20,000 Bangor & Aroostook 5s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$538,000
January 15, 16.
* A legal investment when made.
Street Railway Bonds.
$50,000 Boston Elevated 4s
35.000 Boston Elevated 4J4s
12.000 Boston & Northern 4s
25.000 Springfield 4s
25.000 Worcester Con. 4)4s*
$147,000
Bank Stocks.
Shs.
50 Tremont Nl. Bk., Boston
90 Hingham Nl. Bk.
154
[Pub. Doc.
REPORT OF THE
HOLLISTON SAVINGS BANK, HOLLISTON.
WASHINGTON STREET.
Incorporated February 27, 1872.
C harles
D.
F i s h e r , President.
L.
Board o f Trustees: H .
E.
A lbert
C.
A dam s,
A . D a n ie l s ,
E.
P h i p p s , Treasurer.
M . B a t c h e l d e r , Clerk o f the Corporation.
John
C utler,
Number of corporators, 30; number of trustees, 21.
J.
H.
M . B artlett,
J.
M . B atchelder,
C. A.
J. F . L e l a n d , P . F . L e l a n d ,
E. C . R a w s o n , R . F . R u s s e l l ,
H a v il a n d , W . P . K in g s b u r y ,
A l o is e M a d d e r ,
S. S.
G e o r g e W il d e r .
N ic h o l s , A .
E.
P h ip p s ,
Board o f Investm ent:
C.
D . F is h e r , A l o is e M a e d e r , H . L . A d a m s ,
Auditing Com m ittee:
C.
H.
M.
C row ley, A .
M .
H . D e w in g , C . P . D o z o is , C . D . F is h e r , C . A . G a r d n e r , N . C . B .
B artlett,
N . C.
B . H a v il a n d ,
W.
J.
J.
H . M ahoney,
F. L eland, C. A . C row ley.
P . K in g s b u r y .
Deposits draw interest from first day of March, June, September and December; dividends are pay
able the first M onday of June and December. Business hours: 9 a . m . to 12 m . ; 1.30 to 3.30 p . m . ;
Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
. ■
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$145,940
93.000
14.000
7,700
3.000
00
00
00
00
00
8.000 00
Estimated
Market Value.
Book Value.
$145,843
88,702
13,577
11,115
2,880
7,160
$145,796
91,951
13,995
7,875
3,000
7,065
41
50
50
00
00
00
1,363 50
$273,003 50
201 00
$269,278 41
167 loans on real estate (average o f each, $9 9 9 .0 1 )
.
.
.
.
6 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 6 ,3 0 0 ; assessed value, $ 7 ,1 0 0 )
Deposits in national banks or trust companies
.
.
.
.
C a s h ....................................................................................................................
T otal Assets
10
25
00
00
00
00
$269,883 35
166,834
2,034
5,700
5,789
1,369
.
09
00
00
48
24
$451,610 16
Liabilities.
$413,493 77
Due depositors on 1,271 accounts, averaging $325.32 each
{Accounts opened during year, 1 5 2 ; closed, 1 3 3 ; increase, Iff)
Surplus: —
o. Guaranty fund { 5 .0 7 % o f deposits; increase during year, $1 0 0 )
h. Profit and loss {decrease during year, $ 2 ,8 5 8 .5 2 )
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
20,975 00
9,447 56
$8,456 42
762 59
7,693 83
T otal Liabilities .
$451,610 16
No.
BANK COMMISSIONER.
155
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$746.57
$1,550.14
$375.00
$272.02
$2,943.73
Cost per $1,000 of assets
1.65
3 .4 3
.83
.60
6.51
Cost per $1,000 of assets not including State tax and rent .
.................................................................... 4 .0 3
Gross income received during the year, $20,828.71.
Rates on Investm ents and Loans (Average on All, 4.65%).
Real estate loans (average rate,
Personal loans (average rate, 6
B onds, stocks, etc. (average rate
5.39 per cent.): 5%, $97,680; 5hi% , $8,136.57; 6 %, $61,017.52.
per cent.): 6 %, $2,034.
on book values, 4.18 per cent.): 3hi% , $29,000; 3M%> $11,000; 4%,
$176,940; 4 Ji% , $20,000; 5%, $28,363.50; 6 %, $5,900; 7%, $1,800.
Number of loans not over $3,000 each, 168, amounting to $149,998.09.
25 real estate loans made during year, amounting to $23,662.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 1,148, amounting to
$7,976 74
7,935 96
73,697 44
Number of withdrawals during year, 1,168, amounting to
N et decrease in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$89,610 14
94,309 22
$4,699 08
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$6,000 Boston 4s
2.000 Brockton 4s
2.000 Chelsea 4s
5.000 Fall River 3his
2.000 Fall River 4s
5.000 Haverhill 4s
7.000 New Bedford 4s
5.000 Norwalk, Ct., 4s
5.000 Portsmouth, N. H., 4s
3.000 Quincy 4s
5.000 Rockville, Ct., 4s
3.000 Troy, N. Y., 4pis
6.000 Waltham 4s
3.000 Ashland 4s
2.500 Concord 4s
1.000 Framingham 4s
1.000 Franklin 4s
500 Mansfield 4s
2.000 Needham 4s
4.000 Reading 4s
2.500 Revere 4s
Public Funds, Notes.
500 Athol 4s
500 Brockton 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,740 Dedham 4s
3.000 Holbrook 4s
11.000 Holliston 3Ms
23,700 Holliston 4s
4.000 Ipswich 4s
3.000 Lexington 4s
7.000 Marlborough 4s
5.000 Revere 4s
11.000 Sherborn 4s
3.000 Wrentham 4s
$145,940
Railroad Bonds.
$16,000 Bangor & Aroostook 5s
4.000 Boston & Albany 4s
1.000 Boston & Lowell 4s
6.000 Boston & Maine 4s
5.000 Boston & Maine 4his
5.000 C., B. & Q. 3his
8.000 C., B. & Q. 4s
3.000 Concord & Claremont 4his
5.000 Fitchburg 4his
8.000 Illinois Central 3his
1.000 N. Y. C. & H. R. 3his
M ay 22.
$5,000 N. Y „ N. H. & H. 3his
10.000 N. Y „ N. H. & H. 4s
11.000 No. Maine Seaport 5s
3.000 Pitts., Va. & Charleston 4s
2.000 Washington Co. 3his
$93,000
Street Railway Bonds.
$4,000 Boston Elevated 4s
2.000 Boston Elevated 4his
6.000 West End 4s
2.000 West End 4his
$14,000
Bank Stocks.
Shs.
18 State Nl. Bk., Boston
30 Franklin Nl. Bk.
29 Fram. Nl. Bk., So. Framingham
156
REPORT OF THE
[Pub. Doc.
HOLYOKE SAVINGS BANK, HOLYOKE.
201 HIGH STREET.
Incorporated February 21, 1855.
R p B E B T R u s s e l l , President.
A lbert
G.
Number of corporators, 63; number of trustees, 20.
C h a r l e s W . J o h n s o n , Treasurer.
M a g n a , Clerk o f the Corporation.
l o u g h , A . A . C o b u r n , T h o m a s D i l l o n , G. C . G i l l , H . O. H a s t i n g s ,
D . H . I v e s , C. C. J e n e s , W . D . J u d d , W . S. L o o m i s , A . G. M a g n a , F. H . M e t c a l f , F. E.
N o u r s e , G. W . P r e n t i s s , M . W . P r e n t i s s , W . A . P r e n t i s s , R o b e r t R u s s e l l , A l b e r t S t e i g e r ,
F. A . W h i t i n g , R . C. W i n c h e s t e r , J . L. W y c k o f f .
Board o f Trustees: J . A . C
Board o f Investm ent: R
A uditing Comm ittee:
obert
W . A.
M . W.
R u sse l l , J. A . C l o u g h ,
P r e n t is s ,
F. A.
R . C.
W h it in g ,
P r e n t is s , D . H . I v e s .
W in c h e s t e r .
Deposits draw interest from first day of January, April, July and October; dividends are payable the
third M onday of January and July. Business hours: 9 a . m . to 4 p . m . ; Saturdays, 9 a . m . to 12 m .
also Thursdays, 7 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
$572,100
1,901,000
314.400
172.400
115,000
34,375
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$566,987
1,760,932
302,729
281,750
102,925
29,425
00
00
00
00
00
00
$3,109,275 00
534 loans on real estate (average o f each, $ 5 ,9 1 9 .5 7 )
89 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
$3,044,749 87
.
.
.
.
.
.
.
.
.
.
.
.
. . .
87
50
50
00
00
00
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$570,700
1,842,698
308,062
193,226
104,355
28,325
00
75
50
00
00
00
$3,047,367 25
3,161,052
957,304
500
174,873
11,384
00
46
00
14
64
. $7,352,481 49
Total Assets
Liabilities.
Due depositors on 14,650 accounts, averaging; $462.01 each
.
.
.
.
.
$6,768,495 39
(.Accounts opened during year, 2 ,1 7 6 ; closed, 2 ,2 2 4 ; decrease, 4-8)
Surplus: —
a. Guaranty fund (5 .0 2 % o f deposits; increase during year, $ 5 ,0 0 0 )
h. Profit and loss (increase during year, $ 2 8 ,9 4 7 .9 1 ) .
.
.
Current income: —
Interest .
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
T otal Liabilities .
.
.
.
.
.
.
.
.
340,000 00
114,915 25
$133,848 04
5,552 19
----------------------.
.
.
128,295 85
775 00
.
.
.
$7,352,481 49
T otal Expenses fo r the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$15,751.97
$11,874.72
$1,200.00 $75.87
Cost per $1,000 of assets
2 .1 4
1.61
.16
.01
Cost per $1,000 of assets not including State tax and rent .
.
.
Gross income received during the year, $328,952.06.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Expenses.
Total.
$3,064.96 $31,967.52
.41
4 .3 3
.
.
.
2 .0 3
BANK COMMISSIONER.
No.
157
Rates on Investm ents and Loans (Average on All, 4.63%).
Real estate loans (average rate, 4.95 per cent.): 4>£%, $14,000; 4J^%, $374,600 ; 5%, $2,736,652;
5 H % , $1,500; 6 %, $34,300.
Personal loans (average rate, 4.69 per cent.): 4%, $24,889.46; 4J^%, $110,000; 4Mi%> $449,400;
4 % % , $29,000; 5%, $240,750; 5>£%, $50,000; 5M % . $46,890; 5M % , $5,000; 6 %, $1,375. '
B onds, stocks, etc. (average rate on book values, 4.28 per cen t.): 1%, $6,875; 2%, $27,500; 3%, $12,000;
3 ^ % , $708,000; 3 % % , $19,000; 4%, $1,728,300; 4M % . $229,000; 5%, $186,900; 6 %, $58,000;
7%, $40,300; 8 % , $23,900; 10%, $67,500; 14%, $2,000.
Number of loans not over $3,000 each, 337, amounting to $492,887.
96 real estate loans made during year, amounting to $391,300.
Dividends, Deposits and Withdrawals.
$125,186 93
127,133 88
1,256,604 24
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 22,461, amounting to
$1,508,925 05
1,288,234 08
Number of withdrawals during year, 15,034, amounting to
Net increase in amount due depositors
$220,690 97
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Middlesex Co. 4s
9.000 Bay City, Mich., 5s
5.000 Boston 4s
25.000 Dubuque, la., 4s
20.000 Fall River 4s
22.000 Fort Wayne, Ind., 4>23
5.000 Gloucester 3Ms
23.000 Haverhill 4s
4.000 Lawrence 4s
2.000 Lewiston, Me., 5s
20.000 Lynn 4s
35.000 Los Angeles, Cal., 4Mis
8.000 Oshkosh, Wis., 4s
22.000 Quincy 4s
28.000 Saginaw, Mich., 4s*
32.000 Saginaw, Mich., 4>£s*
10.000 San Francisco, Cal., 4Ms
7.000 South Bend, Ind., 4s
22.000 South Norwalk, Ct., 4s
10.000 Superior, Wis., 4Ms
10.000 Greenfield 4Mis
33.000 Hyde Park 4s
5.000 Longmeadow 4s
5.000 Manchester, Ct., 4s
14,500 Methuen 4s
7.000 Nantucket 4s
35.000 North Kingstown, R. I., 4s
20.000 Pepperell 4s
12.000 Revere 3Mis
7.000 Russell 4s
9.000 Stow 3%s
9.300 Walpole 4s
5.000 Westerly, R. I., 3>£s
5.500 Whately 4s
13.000 Winthrop 4s
13.000 Blandford (F. D.) 4s
30.000 Kennebec, Me. (W. D.), 3>£s
Public Funds, Notes.
1.300 Everett 4s
10.000 Easthampton 3% s
5.500 Hull 4s
3.000 Saugus 3Mis
$572,100
D ate
op
E x a m in a t io n ,
$45,000 Boston Elevated 4Ms
Railroad Bonds.
85.000 Boston & Northern 4s
$20,000 Atch., Top. & Santa Fe 4s
34.000 Citizens’ Electric 5s
25.000 Bangor & Aroostook 5s
4.000 East Middlesex 4s
15.000 Beech Creek 4s
10.000 George., Row. & Ips. 5s
76.000 Boston & Albany 4s
25.000 Glouc., Es. & Beverly 5s
5,000 Boston & Lowell 4s
13,400 Holyoke 5s
50.000 Boston & Maine 3Mis
30.000 West End 4s
102.000 Boston & Maine 4s
5.000 West End 4Ms
25.000 Boston & Maine 4Ms
15.000 Wqrc. Consolidated 4Mis*
10.000 B..& N. Y. Air Line 4s
30.000 Boyer Valley 3M>s
$314,400
38.000 Burl. & Missouri R. 6s
95.000 C., B. & Q. 3Ms
110.000 C..B .& Q . 4s
23.000 Chicago & Northwest. 3Jdis
16.000 Chicago & Northwest. 4s
100 000 Chic., R. I. & Pacific 4s
10.000 Fitchburg 3Ms
Bank Stocks.
113.000 Fitchburg 4s
Shs.
12.000 Illinois Central 3s
20
Greylock
Nl. Bk„ Adams
195.000 Illinois Central 3Ms
14 First Nl. Bk., Adams
110.000 Illinois Central 4s
50
First
Nl.
Bk.,
Amherst
10.000 Lime Rock 4s*
20 Millers River Nl. Bk., Athol
35.000 Louisville & Nashville 4s
19
Conway
Nl.
Bk.
10.000 Me. Cent. & E. & N. A. 4s
21 First Nl. Bk., Easthampton
25.000 Michigan Central 3Ms
15 Fitchburg S. D. & T. Co.
15.000 Minnesota & Iowa ¿Ms
5 First Nl. Bk., Greenfield
25.000 N. Y. C. & H. R. 3Ms
48
Franklin Co. Nl. Bk., Greenfield
80.000 N. Y „ N. H. & H. 3Ms
38 City Nl. Bk., Holyoke
240.000 N. Y., N. H. & H. 4sf
236
Hadley Falls Nl. Bk., Holyoke
49.000 No. Maine Seaport 5s
71 Home Nl. Bk., Holyoke
50.000 Penobscot Shore Line 4s
390
Holyoke
Nl. Bk.
15.000 Peoria & Northwest. 3Ms
5 Union Nl. Bk., Lowell
22.000 Pitts., Va. & Charlest’n 4s
25
Monson
Nl.
Bk.
20.000 Portland & Ogdensbg. 4Ms
5 First Nl. Bk., Newburyport
15.000 Portland & R. Falls 4s
90
First
Nl.
Bk.,
Northampton
40.000 Princeton & Northw. 3Ms
37 Hamp. Co. Nl. Bk., Northampt’n
30.000 Sioux City & Pacific 3Ms
50
Northampton
Nl. Bank
20.000 Sullivan Co. 4s
38 Palmer Nl. Bk.
20.000 Washington Co. 3Ms
6 Pittsfield Nl. Bank
117 Chicopee Nl. Bk., Springfield
$1,901,000
215 Third Nl. Bk., Springfield
62 Springfield Nl. Bank
Street Railway Bonds.
97 Townsend Nl. Bank
$8,000 Athol & Orange 5s*
26 Ware National Bank
40,000 Boston Elevated 4s
4 First Nl. Bk., Westfield
April 3, 4, 5.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $50,000 not a legal investment.
158
REPORT OF THE
[Pub. Doc.
HOME SAVINGS BANK, BOSTON.
75 TREMONT STREET.
Incorporated March 17, 1869.
G eorge
E.
Number of corporators, 49; number of trustees, 27.
S.
N o r r i s , Treasurer.
G. E. B r o c k , A. H . C o l b y , H .
G. A. F e r n a l d , I. G. H e r s e y , C .
W . C um ner, C. F.
B r o c k , President.
C h arles
H.
L aw rence
Board o f Trustees:
C u tler,
R.
G. D .
B ig e l o w , C a r l B r a n d t ,
H . W . D w ig h t , G .
H u t c h in s o n ,
H.
P r i e s t , Clerk o f the Corporation.
C.
Jack so n ,
L e o n a r d , F . H . M a n n in g , F .
H.
E l l is ,
Jerom e
A.
Jo n es,
M o r se , C . S,
R e y n o l d s, J. H . R u sse l l , W . S. S lo c u m , F .
Board o f Investm ent: G .
E.
A.
T heodore
Jon es,
N o r r is , J . N .
W .
Parker,
T .
C . H oyt, G eorge
K eough,
W . L.
C.
W .
P ie r c e , S.
W.
T u r n e r , L o u is W e is s b e in .
B r o c k , H . C . Ja c k so n , J. H . R u sse ll,
I.
G.
H ersey, C .
F. C u tler,
C . C . H oyt.
A uditing Comm ittee:
A. H.
C olby,
R. H. W .
D w ig h t , T h e o d o r e J o n e s .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
the third Wednesday of April and October. Business hours: 9 a .m . to 2 f . m . ; also Saturdays
(except during July and August), for deposits only. 4 to 7 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
$728,074
1,794,500
542,000
122,600
30,000
37
00
00
$736,854
1,781,202
539,720
373,401
28,800
00
00
$3,217,174 37
805 loans on real estate (average o f each, $ 1 2 ,9 6 5 .3 1 )
Less amount due on uncompleted loans .
98
50
00
00
00
$3,459,978 48
Book Value.
$727,254
1,781,107
540,308
122,600
30,000
37
30
35
00
00
$3,201,270 02
$10,450,075 00
13,000 00
10,437,075
5,844,600
25,380
1,820
314,739
6,887
146 loans on personal security
.
.
.
.
Real estate by foreclosure, etc. ( assessed value, $ 3 2 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets
00
00
80
50
67
70
. $19,831,773 69
Liabilities.
Due depositors on 45,133 accounts, averaging $409.65 each
.
.
.
.
.$18,488,606 95
(Accounts opened during year, 8 ,9 4 4 ; closed, 4<435; increase, 4>489)
Surplus: —
a. Guaranty fund (4 -9 8 % o f deposits; increase during year, $ 2 4 7 ,0 0 0 ) .
.
.
b. Profit and loss (decrease during year, $ 2 0 0 ,0 3 6 .5 2 )
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$71,550 44
b. Discount .
.
.
.
.
.
.
67,666 11
----------------------- $139,216 55
Less current expenses not charged off
.
.
.
.
3,301 37
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
920,000 00
287,251 56
135,915 18
. $19,831,773 69
No.
BANK COMMISSIONER.
159
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$34,076.18 $28,035.01 $12,000.00 $1,266.38
Cost per $1,000 of assets
1.72
1.41
.61
.06
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$9,722.01
$85,099.58
.49
4.29
1.96
Gross income received during the year, $832,782.29.
Rates on Investments and Loans (Average on All, 4.73% ).
(average rate, 4.70 per cent.): 3 % % , $55,000; 4%, $1,190,500; 4 14% , $399,500; 4 H % ,
$2,978,050; 4 % % , $188,000; 5%, $5,578,875; 5 % % , $2,500; 5 'A % , $27,950; 6 %, $16,700.
Personal loans (average rate, 4.86 per cent.): 4%, $1,118,000; 4}^%, $100,000; 4 $ 5 7 0 , 0 0 0 ; 4J^%,
$494,600; 4 % % , $342,200; 5%, $1,411,900; 5M % . $58,000; 5 A % , $1,055,900; 5 % % , $100,000;
5 M%. $308,000; 6 % , $286,000.
B onds, stocks, etc. (average rate on book values, 4.56 per cent.): 3J^%, $70,000; 3v/i o% , $20,000; 4%,
$2,033,100; 4 y 2% , $674,974.37; 4 % % , $30,000; 5%, $41,000; 6 %, $30,000; 7% , $206,400; 8 % ,
$12,500; 8 ) 4 % , $7,500; 10%, $60,000; 12%, $31,700.
Real estate loans
Number of loans not over $3,000 each, 153, amounting to $297,575.
118 real estate loans made during year, amounting to $1,711,400.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 58,260, amounting to
$315,669 06
339,131 12
4,964,052 68
Number of withdrawals during year, 37,740, amounting to
$5,618,852 86
3,408,181 59
N et increase in amount due depositors
.
$2,210,671 27
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$24,000 Hampden Co. 4s
70.000 Boston 4s
26.000 Chicago, 111., 4 A s
10.000 Des Moines, la., 4s
30.000 Fall River 4s
50.000 Grand Rapids, Mich., 4J^s
15.000 Holyoke 4s
30.000 Kansas City, Mo., 4J^s
20.000 La Crosse, Wis., 4s
30.000 Lowell 4%s
10,100 Lynn 4s
10.000 Minneapolis, Minn., 4 A s
50.000 Newton 4s
19.000 Pittsburgh, Pa., 4)4s
30,500 Syracuse, N. Y., 4 A s
65,474 Troy, N. Y., 4 A s
16.000 Waterbury, Ct., 4s
15.000 Brookfield 4s
19.000 W. Bridgewater 4s
25.000 West Springfield 4s
10.000 Whitman 4s
Public Funds, Notes.
50.000 Lowell 4s
3,000 Adams 4s
20.000 Braintree 3.70%
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$40,000 Manchester 3J^s
40,000 Whitman 4s
$50,000 Vermont Valley 4 }is
33.000 Winona & St. Peters 7s
25.000 Wore., Nash. & R. 4s
$728,074
$1,794,500
Railroad Bonds.
$282,000 Boston & Albany 4s
70.000 Boston & Lowell 4s
100.000 Boston & Maine 4s
46.000 Boston & Maine 4M¡s
60.000 Cedar Rapids & Mo. R. 7s
170.000 C„ B. & Q. 4s
100.000 Chicago & Northwestern 4s
98.000 Chicago & Northwestern 7s
137.000 Concord & Montreal 4s
11.000 Danbury & Norwalk 5s
50.000 Delaware & Hudson 4s
10.000 Dexter & Piscataquis 4s
258.000 Fitchburg 4s
25.000 Fre., Elk. & Mo. Valley 6s
15.000 Michigan Central 5s
15.000 N. Y., N. H. & H. 4s
9,500 Northwestern Union 7s
115.000 Old Colony 4s
50.000 Portland & Ogdens. 4 A s
15.000 Rome, Water. & Og. 5s
50.000 St. Paul, Minn. & Man. 4s
M ay 16, 17, 18.
* A legal investment when made.
Street Railway Bonds.
$150,000 Boston Elevated 4 A s
244.000 West End 4s
138.000 West End 4 A s
10,000 Worcester Con. 4)^s*
$542,000
Bank Stocks.
Shs.
23 Continental Nl. Bk., Boston
317 First Nl. Bk., Boston
34 Fourth-Atlantic Nl. Bk., Boston
200 Merchants Nl. Bk., Boston
200 Nl. Bk. of the Republic, Boston
50 Nl. Mkt. Bk. of Brighton, Boston
125 Nl. Union Bk., Boston
400 Second Nl. Bk., Boston
75 State Nl. Bk., Boston
25 Webster & Atlas Nl. Bk., Boston
REPORT OF THE
160
[Pub. Doc.
HOOSAC SAVINGS BANK, NORTH ADAMS.
97 M AIN STREET.
Incorporated April 19, 1871.
E. B.
Number of corporators, 28; number of trustees, 15.
W. W.
P e n n i m a n , President.
H. E.
Board o f Trustees: O . A . A
G.
A . H a s t in g s ,
m an
,
C. Q.
J. A s h e , A . H . B a h b e r , E d m u n d B i s s a i l l o n , W . W . B u t l e r ,
J. E. H u n t e r , G. P . L a w r e n c e , W . B. P a r m e l e , E. B. P e n n i
W . W . R i c h m o n d , D . A . R u s s e l l , H. E. W e t h e r b e e .
bchek
J. D .
R ic h m o n d ,
R i c h m o n d , Treasurer.
W e t h e b b e e , Clerk o f the Corporation.
, P.
H unter,
Board o f Investm ent: W . W . B
A uditing Comm ittee: D . A . R
utler
u ssell
, E d m u n d B is s a il l o n , H . E . W e t h e r b e e .
, A . H . B arber, W . B. P arm ele.
Deposits draw interest from first day of March, June, September and December; dividends are payable June 1 and December 1. Business hours: 9 a . m . to 4 p . m .; Saturdays, 9 a .m . tO 2 F.M .
*
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
$25,000
359,000
30,000
30,000
$24,867
311,230
27,000
26,850
00
00
00
00
$444,000 00
317 loans on real estate {average o f each, $ 2 ,1 9 1 .8 3 ) .
.
96
loans on personal security
.
.
.
.
.
Bank building and fixtures {estimated value, $ 1 2 0 ,0 0 0 ; assessed
Real estate by foreclosure, etc. (assessed value, $ 3 4 ,9 7 5 )
.
Premium account
.
.
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
$389,947 50
.
.
.
.
.
.
.
Total Assets
.
.
.
.
$1,406,548 11
Due depositors on 4,605 accounts, averaging $291.67 each
.
.
.
.
.
.
.
.
.
.
$434,315 50
.
.
.
.
.
.
.
.
.
00
00
00
50*
.
.
.
.
.
$25,000
353,363
27,750
28,202
694,809 64
102,737 26
100,000 00
51,561 89
2,900 00
1,098 63
13,496 32
5,628 87
.
.
value, $ 9 1 ,5 0 0 )
.
50
00
00
00
Book Value.
.
.
.
Liabilities.
.
.
.$1,343,168 01
(.Accounts opened during year, 6 8 6 ; dosed, 7 1 5 ; decrease, 39)
Surplus: —
Guaranty fund (3 .5 7 % o f deposits; decrease during yea r, $ 5 9 2 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
47,999 54
15,380 56
Total L ia b ilitie s .......................................... $1,406,548 11
* This amount is in excess of the legal limit and the bank was so notified.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
161
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
$834.58
$9,181.45
Amount paid for
$2,625.44
$4,515.00 $1,000.00
$206.43
.59
6.50
Cost per $1,000 of assets
1.86
3 .20
.71
.14
3.93
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $65,104.26.
Rates on Investments and Loans (Average on All, 4.93% ).
Real estate loans (average rate, 5.55 per cent.): 5%, $292,578; 5J^%, $32,650; 6 %, $369,581.64.
Personal loans (average rate, 5.79 per cent.): 5%, $21,715.05; 6 %, $81,022.21.
B onds , stocks, etc. (average rate on book values, 3.74 per cent.): 3%, $5,000; 3)^% , $289,000;
$135,000; 4 M % , $5,000; 5%, $10,000.
4% ,
Number of loans not over $3,000 each, 343, amounting to $391,374.90.
22 real estate loans made during year, amounting to $48,950.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 1 % %
.
.
.
.
.
June, 1912, 1 % % ..........................................
Number of deposits during year, 5,501, amounting to
.
.
.
.
.
Number of withdrawals during year, 4,038, amounting to
Net decrease in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$22,808 23
22,840 76
256,545 44
.
$302,194 43
316,607 02
.
$14,412 59
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Bay City, Mich., 5s
5,000 Sioux City, la., 4J^s
10,000 Wilkes-Barre, Pa., 3J^s
$25,000
D ate
of
Railroad Bonds.
$15,000 Boston & Albany 4s
12.000 Boston & Maine 3J^s
60.000 C.,B. & Q .3 ^ s
10.000 C.,B. &-Q. 4s
7.000 Fitchburg 3J^s
5.000 Fitchburg 4s
5.000 Illinois Central 3s
68.000 Illinois Central 3Ks
E x a m in a t io n , M a r c h
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
26, 27, 28.
$15,000 Illinois Central 4s
72.000 Michigan Central 3J^s
60.000 N. Y., N. H. & H. 3Ms
30.000 N. Y., N. H. & H. 4s
$359,000
Street Railway Bonds.
$30,000 Boston & Northern 4s
162
REPORT OF THE
[Pub. Doc.
HOPKINTON SAVINGS BANK, HOPKINTON.
M AIN STREET.
Incorporated March 23, 1867.
J.
D a v id
S t e w a r t , President.
Seym our
Board o f Trustees: E . H . A
S.
A.
A. N.
K n ow les,
P h ip p s , M .
V.
P h ip p s ,
Board o f Investm ent:
J. D .
A uditing Comm ittee:
S. A.
d am s,
Number of corporators, 29; number of trustees, 15.
E.
A.
B r ig g s ,
K y e s , M ic h a e l
J.
H.
E rn est
A . K n o w l e s , Clerk o f the Corporation.
J.
L.
C l a f l in ,
M cE n e l l y , W .
K n ow les,
M . V. P h i p p s , W . A.
W. S. M o r se .
W.
D . M o s h ie r ,
G. S.
F.
F a ir b a n k s ,
S. M o r se , W .
A.
W ood.
W ood,
W. D.
D . Ste w a r t , G . S. T h o m pso n , W .
Ste w a r t ,
L.
A d a m s , Treasurer.
D.
A.
W . G erry,
M o s h ie r , A lfr e d
M o s h ie r ,
A. N.
K yes,
T h om pson .
Deposits draw interest from first Saturday of February, M ay, August and Novem ber; dividends are
payable the first Saturday of M ay and November. Business hours: 9 a . m . to 2 p . m . ; Wednesdays
and Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$45,800
121,000
23,000
20,600
7,000
Estimated
Market Value.
00
00
00
$45,712
112,425
21,625
46,604
6,265
00
00
$217,400 00
.
Due depositors on 1,220 accounts, averaging $343.15 each
.
.
00
00
00
00
00
$232,631 00
112 loans on real estate (average o f each, $ 1 ,8 9 4 -5 2 ) .
.
.
.
.
2 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 7 ,0 0 0 ; assessed value, $ 6 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
. . .
.
.
.
.
.
.
Total Assets
Book Value.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$45,267
120,687
22,370
27,607
6,440
50
50
00
50
00
$222,372 50
212,186
2,900
7,005
40
17,555
882
00
00
24
00
14
57
$462,941 45
Liabilities.
$418,649 27
(Accounts opened during year, 1 1 4 ; closed, 1 1 7 ; decrease, 3)
Surplus: —
a. Guaranty fund (5 .1 2 % o f deposits; increase during year, $ 2 8 2 .9 4 )
b. Profit and loss (increase during year, $ 1 0 ,2 8 4 -1 4 ) .
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$1,020 71
Less State or local taxes not charged off .
.
481 19
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
■
.
.
21,435 66
13,825 23
$10,533 19
1,501 90
9,031 29
Total Liabilities
.
.
.
.
.
$462,941 45
No. 8.]
BANK COMMISSIONER.
163
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$869.61
$1,622.50
$200.00
$288.37
Cost per $1,000 of assets
1.88
3.50
.43
.62
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$2,980.48
6.43
4 .1 2
Gross income received during the year, $21,392.61.
Rates on Investments and Loans (Average on All, 4.68% ).
(average rate, 5.09 per cent.): 4>£%, $29,000; 4M % , $3,500; 5%, $136,530; o } 4 % ,
$15,675; 6 %, $27,481.
Personal loans (average rate, 6 per cen t.): 6 %, $2,900.
B o n d s , stocks, etc. (average rate on book values, 4.27 per cent.): 3 } 4 % , $55,000; 4%, $127,800; 4 A
X%,
$8,000; 5%, $6,000; 6 %, $2,500; 7%, $3,100; 8 %, $7,800; 10%, $3,700; 12%, $2,500; 14%,
$ 1, 000 .
Real estate loans
Number of loans not over $3,000 each, 90, amounting to $91,486.
28 real estate loans made during year, amounting to $58,275.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2 %
M ay, 1912, 2%
Number of deposits during year, 765, amounting to
.
.
$8,025 21
8,205 02
55,998 28
.
$72,228 51
69,491 33
Number of withdrawals during year, 804, amounting to
Net increase in amount due depositors
$2,737 18
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$15,000 Massachusetts 3)^s
10.000 Boston 4s
10.000 Chicago, 111., 4s
5.000 Woonsocket, R. I., 4}^s
5.000 Acton 4s
$10,000 Concord & Montreal 4s
5.000 Fitchburg 4s
15.000 Illinois Central 3J^s
5.000 Lk. Shore & Mich. So. 3Ks
5.000 Michigan Central 33^s
5.000 N. Y. C. & H. R. 3^s
5.000 N. Y .,N .H .& H .3M s
10.000 N .Y ..N .H . &H. 4s
10.000 Pitts., Va. & Chariest’n 4s
15.000 Portland & R. Falls 4s
6.000 St. J. & L. C. 5s
Public Funds, Notes.
800 Hopkinton 4s
$45,800
$121,000
Railroad Bonds.
$10,000 Boston & Albany 4s
10,000 Boston & Lowell 4s
5.000 Boston & Maine 4s
5.000 C„ B.& Q.3)^s
D ate
op E x a m i n a t i o n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$5,000 Boston Elevated 4s
10,000 Boston & Northern 4s
June
28.
$5,000 West End 4s
3,000 West End 4J^s
$23,000
Bank Stocks.
Shs.
10 Greyloek Nl. Bk., Adams
16 Fourth-Atlantic Nl. Bk., Boston
50 Commonwealth Tr. Co., Boston
50 Continental Nl. Bk., Boston
25 First Nl. Bk., Boston
15 Nl. Bk. of the Republic, Boston
28 Nl. Shawmut Bk., Boston
5 State Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
25 Franklin Nl. Bk.
5 Natick Nl. Bk.
32 Worcester Nl. Bk.
164
REPORT OF THE
[Pub. Doc.
HUDSON SAVINGS BANK, HUDSON.
46 M AIN STREET.
Incorporated February 26, 1869.
G eorge
B.
Number of corporators, 41; number of trustees, 20.
C o c h r a n , President.
Board o f Trustees: S a v i l l i a n
J.
S a f f o h d , Treasurer.
O . W e l s h , Clerk o f the Corporation.
P.
A rnold, H .
G o o d a l e , J. J. H a r t n e t t ,
T.
W arren
F red
T . J o s l in ,
A n drew s, G .
G. P.
K e it h ,
B. C o c h r a n ,
E. P. L a r k i n ,
A.
W .
D.
H.
G l e a s o n , D a v id
M o u l t o n , J.
H.
R o b in s o n , F . S. R o w e l l , W . T . S a f f o r d , C . J . Sa w y e r , C . H . St o n e , F r a n k T a y l o r , G . A .
T r ip p , T .
F.
T row ,
B oard o f Investm ent: G .
Auditing Com m ittee:
J. D.
B.
J. H.
T yler,
F.
O. W elsh .
C ochran,
J. H.
R o b in s o n , G . A . T r ip p ,
R o b in s o n ,
T. F.
T row ,
J. D .
C. J.
Saw yer,
E. P.
L a r k in .
T yler.
Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable the Thursday after the third Wednesday of January and July. Business hours: 9 a . m .
to 12 m . ; 1.30 to 4.30 p . m . ; also Saturdays, 6 to 8 f . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$309,700
479,600
150,000
4,500
35,000
3,000
00
00
00
00
00
00
Estimated
Market Value.
Book Value.
$307,604
466,740
148,325
6,975
31,325
$309,600
475,630
148,475
4,500
31,200
64
50
00
00
00
00
00
00
00
00
100 00
$981,800 00
$960,970 14
442 loans on real estate {average o f each, $ 1 ,7 9 8 .5 8 ) .
Less amount due on uncompleted loans .
$969,505 00
$795,975 00
1,000 00
17 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $ 4 3 ,5 0 0 ; assessed value, $ 3 6 ,6 0 0 )
Real estate b y foreclosure, etc. {assessed value, $ 1 8 ,4 5 0 ) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
794,975
130,750
43,500
15,805
787
38,416
6,814
.
.
.
.
.
00
00
00
31
77
80
89
$2,000,554 77
Total Assets
Liabilities.
Due depositors on 5,658 accounts, averaging $332.85 each
.
.
.
.
.
$1,883,266 91
{Accounts opened during year, 7 4 8 ; closed, 6 3 3 ; increase, 115)
Surplus: —
a. Guaranty fund [4 -2 6 % o f deposits; increase during year, $4 ,7 0 0 )
b. Profit and loss {increase during year, $ 6 ,2 6 2 .6 1 )
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
.
.
80,200 00
27,156 34
$10,823 96
892 44
9,931 52
Total Liabilities
.
.
.
.
.
$2,000,554 77
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$3,878.85
$2,907.01
$500.00
$14.25
Cost per $1,000 of assets
1.94
1.45
.25
.01
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $91,687.30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Expenses.
Total.
$746.42
$8,046.53
.37
4 .0 2
1.83
No. 8.]
BANK COMMISSIONER.
165
Rates on Investments and Loans (Average on All, 4.76%).
Real estate loans
(average rate, 5.21 per cent.): 5%, 1478,045; 5J^%, $300,800; 6 %, $15,380; 7 lA % ,
$750.
(average rate, 4.87 per cent.): 4%, $15,000; 4J£%, $30,000; 5%, $29,700; 5 1 4 % ,
$25,000; 5VS% , $10,000; 5Y2% , $20,250; 6 %, $800.
B on d s, stocks, etc. (average rate on book values, 4.37 per cent.): 3%, $5,000; 3 lA % , $123,600; 3 ^ % ,
$4,400; 3.65%, $10,000; 3 % % , $1,800; 3.80%, $9,600; 3.90%, $14,500; 4%, $491,300; 4 ^ % ,
$92,500; 5%, $141,000 ; 6 %, $50,600; 7%, $30,000; 8 %, $4,500.
Personal loans
Number of loans not over $3,000 each, 419, amounting to $492,320.
36 real estate loans made during year, amounting to $61,225.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 5,409, amounting to
$33,926 17
34,838 87
380,667 33
Number of withdrawals during year, 4,044, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$449,432 37
340,880 46
.
$108,551 91
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts
5.000 Augusta, Me., 4s
5.000 Bay City, Mich., 5s
5.000 Beverly 4s
20.000 Brockton 4s
20.000 Chelsea 4s
4.000 Chicopee 4s
10.000 Los Angeles, Cal., 4J^s
6.000 Lowell 4s
36.000 Lynn 4s
5.000 Minneapolis, Minn., 4J£s
5.000 New Bedford 4s
5.000 Rockville, Ct.,4s
5.000 So. Norwalk, Ct., 4s
7.000 St. Paul, Minn., 4J^s
10.000 Syracuse, N. Y., 4 A s
5.000 Troy, N. Y., 4s
3,500 Troy, N. Y., 4J^s
5.000 Adams 4s
4.000 Attleborough 4s
10.000 Gardner 4s
15.000 Gorham, N. H., 4s
8,300 Hudson 4s
5.000 No. Kingstown, R. I., 4s
14.000 Saugus 4s
10.000 Tiverton, R. I., 4s
10.000 Wallingford, Ct., 3.65% .
5.000 Br. & Top., Me. (W. D.), 4s
Public Funds, Notes.
15,600 Hudson 3J^s
4,400 Hudson 35^s
D ate
of
E x a m in a t io n ,
M ay
$1,800 Hudson 3%s
9,600 Hudson 3.80%
14,500 Hudson 3.90%
4.000 Hudson 4s
2.000 Hudson 4J^s
5.000 Hull 4s
$309,700
Railroad Bonds.
$15,000 Bangor & Aroostook 5s
5.000 Beech Creek 4s
20.000 Boston & Albany 3J¿s
7.000 Boston & Albany 4s
26.000 Boston & Maine 4s
5.000 B. & N. Y. Air Line 4s
19,600 Burlington & Mo. River 6s
5.000 Cedar Rapids & Mo. R. 7s
15.000 C.,B. &Q. 3Ms
10.000 C., B. & Q. 4s
4.000 C.,B. & Q. 5s
8.000 Chic., Mil. & St. Paul 5s
10.000 Chic. & Northwestern 4s
29.000 Chic. & Northwestern 5s
24.000 Chic. & Northwestern 6s
5.000 Chic., R. I. & Pac. 4s
10.000 Concord & Montreal 4s
36.000 Fitchburg 4s
5.000 Grafton & Upton 4s*
5.000 Illinois Central 3s
23.000 Illinois Central 3)^s
30.000 Illinois Central 4s
5.000 Me. Cent., E. & N. A. 4s
$20,000 Michigan Central 3J^s
10.000 Michigan Central 5s
5.000 Mil. & Northern 4)4s
2.000 Milwaukee & Northern 6s î
10.000 N. Y., N. H. & H. 3 A s
30.000 N. Y., N. H. & H. 4st
15.000 No. Maine Seaport 5s
10.000 Penobscot Shore Line 4s
1.000 Portland & R. Falls 4s
10.000 St. P., Minn. & Man. 4s
5.000 St. Paul & Sioux City 6s
20.000 Troy & Boston 7s
10.000 Washington Co. 3J^s
5.000 Winona & St. Peters 7s
5.000 Wore., Roch. & Nashua 4s
$479,600
Street Railway Bonds.
$20,000 Boston Elevated 4s
15.000 Boston & Northern 4s
5,000 Glouc., Essex & Beverly 5s
10.000 Holyoke 5s
15.000 Leominster, Shirley & A. 5s
25.000 Lynn & Boston 5s
10.000 West End 4s
25.000 West End 4J^s
25.000 Wore. Consolidated 4Hs*
$150,000
Bank Stocks.
Shs.
45 Hudson Nl. Bk.
3 , 4.
* Legal investments when made.
f $10,000 not a legal investment.
+ This was not a legal investment, and it has been since disposed of.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
166
HYDE PARK SAVINGS BANK, BOSTON.
EVERETT SQUARE (HYDE PARK D ISTR ICT).
Incorporated March 8 , 1871.
R obebt
Number of corporators, 31; number of trustees, 15.
B l e a k i e , President.
A b t h u b H . B u s t , Treasurer.
F b e d e b ic k
L.
J o h n s o n , Clerk o f the Corporation.
H . F. A e n o l d , R o b e b t B l e a k i e , H. S. B u n t o n , A . H. B u b t ,
F. C. G b a h a m , W . H. H a b l o w , E. S. H a y w a b d , F. L. J o h n s o n , R. P. M o s e l e y ,
H. B . T e b b y , E . V a n D . T i e b e l l , F. N. T i e b e l l , R i n a l d o W i l l i a m s .
Board o f Trustees:
Board o f Investm ent: R
A u d itin g Com m ittee:
obebt
E. S.
B l e a k ie , D a v id P e b k in s ,
H ayw abd,
F. L.
H . S.
B unton,
S.
B unton.
Joh n son , H .
F. N.
O s c a b B ttbsch ,
D a v id P e b k in s ,
T ie b e l l ,
F. C.
G baham .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a . m . to 3 p .m . ; Saturdays, 9 a . m . to 12 m . ; also
Fridays, for deposits only, 5 to 7 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$201,650
455.000
107.000
10,100
35,000
Estimated
Market Value.
00
00
00
00
00
$202,958
444,767
103,500
25,329
31,325
$808,750 00
444 loans on real estate (average o f each, $ 2 ,8 2 9 .2 6 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
Book Value.
25
50
00
00
00
$807,879 75
$1,039,775 00
5,584 10
----------------------.
.
.
7
loans on personal security .
.
.
.
.
.
.
.
Bank building and fixtures (estimated value $ 2 0 ,0 0 0 ; assessed value, $ 2 2 ,8 0 0 )
.
.
Real estate b y foreclosure, etc. (assessed value, $ 1 9 ,9 0 0 ) .
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
$200,365
446,138
104,662
10,100
31,781
00
00
50
00
25
$793,046 75
1,034,190 90
31,050 00
1,000 00
14,796 84
39,210 68
3,239 78
Total A s s e t s .......................................... $1,916,534 95
Liabilities.
Due depositors on 6,118 accounts, averaging $285.30 each
.
.
.
.
.
$1,745,464 68
(Accounts opened during year, 7 8 0 ; closed, 6 8 8 ; increase, 92)
Surplus: —
а. Guaranty fund (4 -9 4 % o f deposits; increase during year, $ 4 ,9 1 6 .8 8 )
.
.
б . Profit and loss ( increase during year, $ 5 ,1 2 8 .1 4 )
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$29,456 17
Less current expenses not charged off
.
.
.
.
1,653 46
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
86,217 78
57,049 78
27,802 71
. $1,916,534 95
167
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
$11.13
$ 1 ,0 0 0 .0 0
Amount paid for
$2,732.51
$3,770.00
.52
.01
Cost per $ 1,000 of assets
1.43
1.96
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$755.55
.39
.
' .
Total.
$8,269.19
4.31
2 .3 6
Gross income received during the year, $86,255.10.
Rates on Investments and Loans (Average on All, 4.77%).
Real estate loans
(average rate, 5.13 per cent.): 4J^%, $15,000; 5%, $853,343.61; o } 4 % , $38,000; 6 % ,
$127,847.29.
Personal loans (average rate, 5.03 per cent.): 5%,
Bonds, stocks, etc. (average rate, on book values
$30,100; 6 %, $950.
4.30 per c e n t): 3}4% < $75,000; 4%, $517,700; 4J^%,
$130,350; 5%, $54,000; 6 %, $16,100; 7%, $12,500; 10%, $600; 12%, $2,500.
Number of loans not over $3,000 each, 364, amounting to, $634,700.
54 real estate loans made during year, amounting to $119,500.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 8,515, amounting to
Number of withdrawals during year, 5,027, amounting to
$30,867 54
31,845 58
391,670 37
.
.
.
.
.
$454,383 49
347,434 70
$106,948 79
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$15,000 Lowell 4s
10.000 Minneapolis, Minn., 4s
15.000 New Bedford 4s
5,300 Hull 4s
103.000 Hyde Park 4s
10.000 Palmer 4s
15.000 Kennebec, Me. (W. D.),3Ks
20.000 Kittery, Me. (W. D.), 5s
Public Funds, Notes.
8,350 Hyde Park 4p(s
$201,650
Railroad Bonds.
$10,000 Baltimore & Ohio 3Ms
41.000 Boston & Albany 4s
22.000 Boston & Lowell 4s
50.000 Boston & Maine 4J^s
10.000 C.,B .& Q .3M s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 C .,B .& Q .4s
30.000 Chic. & Northwestern 4s
10.000 Chicago, R. I. & Pacific 6s
25.000 Concord & Montreal 4s
10.000 Connecticut River 3 p2S
3.000 Danbury & Norwalk 6s
10.000 Delaware & Hudson Co. 7s
20.000 Fitchburg 3Ms
2.000 Fitchburg 4s
22.000 Fitchburg 4p£s
10.000 Illinois Central 3Ms
10.000 Illinois Central 4s
90.000 N. Y ..N .H . &H.4st
25.000 No. Maine Seaport 5s
10.000 Portland & Ogdensburg
10.000 Upper Coos 4s
10.000 Vermont Valley 4Ks
5.000 Wore., Nash. & R. 4s
$455,000
January 24, 25.
t $25,000 not a legal investment.
Street Railway Bonds.
$30,000 Boston Elevated 4)^s
30.000 Boston & Northern 4s
9,000 Lynn & Boston 5s
38.000 West End 4s
$107,000
Bank Stocks.
Shs.
25 First Nl. Bk., Boston
31 Nl. Bk. of Commerce, Boston
19 Nl. Bk. of the Republic, Boston
6 Second Nl. Bk., Boston
25 State Nl. Bk., Boston
14 First Nl. Bk., Newburyport
REPORT OF THE
168
[Pub. Doc.
INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS
VICINITY, NEWBURYPORT.
33 STATE STREET.
Incorporated January 31, 1820.
H enry
B . L i t t l e , President.
G eorge
Board o f Trustees: W
J o n es, L .
N.
M oseley,
C.
G.
W . P ip e r ,
il l ia m
K ent,
W .
G.
W . B row n, L.
D . F.
B.
D.
N oyes,
H.
C o l e , L . B . C u s h in g , J.
L it t l e , J.
E.
M cC u s k e r ,
R. T. N o y e s , H . R .
F. O . W o o d s .
F. F.
I reland, N . N .
M o r r il l , B .
P e r k in s ,
G. A.
P. P.
P h il b r ic k ,
S im p s o n , J. H . W h e e l e r ,
Board o f Investment: L I. B . L
J. E.
A v e r y , Clerk o f the Corporation.
L it t l e , W .
M oseley,
T. C.
A uditing Committee:
B.
B a l c h , Treasurer.
W il l ia m
F.
B alch,
H.
Number of corporators, 77; number of trustees, 21.
it t l e
, L . B . C u s h in g ,
M cC u s k e r ,
D . F.
F. F.
N oyes, W .
M o r r il l ,
B.
G.
W . P ip e r , T . C . S im p s o n .
L it t l e .
Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable the fourth Wednesday of April and October. Business hours: 8.30 a . m . to 2 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$2,495,865
1,931,600
267,070
150,000
81,743
$2,490,382
1,919,805
616,267
134,250
69,568
00
00
00
00
00
$4,926,278 00
93
50
00
00
75
Book Value.
$2,485,865
1,931,600
258,420
135,000
67,744
00
00
00
00
11
$5,230,274 18
$4,878,629 11
542 loans on real estate {average o f each, $ 8 ,6 7 8 .4 4 ) .
.
.
.
.
.
.
72 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 5 ,0 0 0 ; assessed value, $ 3 5 ,0 0 0 )
.
.
Real estate b y foreclosure, etc. (assessed value, $ 4 8 ,0 0 0 )
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash .
.
.
.
.
‘
................................................................................................
1,451,716 00
1,529,777 00
25,000 00
42,094 71
312 00
42,571 66
1,496 42
Total A s s e t s .......................................... $7,971,596 90
Liabilities.
Due depositors on 13,345 accounts, averaging $548.89 each
$7,325,014 29
(Accounts opened during year, 1 ,0 0 1 ; closed, 1 ,0 0 0 ; increase, 1)
Surplus: —
a. Guaranty fund (4 -9 5 % o f deposits; increase during year, $ 6 ,0 0 0 )
b. Profit and loss (increase during year, $ 7 ,3 4 8 .2 3 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Total Liabilities
.
363,000 00
280,777 53
2,805 08
.
.
.
.
$7,971,596 90
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$19,521.22
$11,075.03
,
Cost per $1,000 of assets
2 .4 4
1.39
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $355,061.09.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Advertising.
»
Other Expenses.
Total.
$1,016.81
$31,613.06
.13
3 .96
.
.
.
1.52
BANK COMMISSIONER
No. 8.]
169
Rates on Investments and Loans (Average on All, 4.48%).
(average rate, 4.68 per cent.): 4%, $155,500; 4 ]4,% , $175,000; 4V£%, $324,250; 4 % % ,
$41,000; 5%, $752,716; 6 %, $3,250.
Personal loans (average rate, 4.56 per cent.): 4%, $85,000; 4)4i%, $75,000; 4)4% , $353,500; 4 % % ,
$200,000; 4 V2% , $449,300; 4 % % , $6,900; 5%, $93,477; 5 ^ % . $148,000; 5 H % , $117,600; 6 %,
$ 1, 000 .
Bonds, stocks, etc. (average rate on book values, 4.39 per cent.): 1%, $10,000; 3J^%, $369,200; 3.65%,
$68,000; 3.70%, $41,000; 3.75%, $98,750; 3.85%, $14,800; 4%, $2,751,315; 4 V2% , $852,400; 5%,
$185,000; 6 %, $288,100; 7%, $57,120; 8 %, $82,800; 10%, $17,300; 11%, $25,000; 12%, $25,000..
Real estate loans
Number of loans not over $3,000 each, 499, amounting to $466,143.
42 real estate loans made during year, amounting to $44,900.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 7,885, amounting to
.
.
.
.
.
.
$139,972 15
.......................................... 141,621 59
.
.
.
.
684,410 66
Number of withdrawals during year, 8,425, amounting to .
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$966,004 40
823,643 18
$142,361 22
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$120,000 Massachusetts 3Ks
10.000 Bay City, Mich., 4s
250.000 Boston 4s
29.000 Brockton 3Ks
76.000 Brockton 4s
32.000 Burlington, Vt., 4s
25.000 Central Falls, R. I., 4s
100.000 Chelsea 4s
4.000 Chicopee 4s
41.000 Dubuque, la., 4s
43.000 Everett 4s
83.000 Fall River 4s
5.000 Fort Wayne, Ind., 4Hs
56.000 Holyoke 4s
5.000 Joplin, Mo., 5s
100.000 Los Angeles, Cal., 4)^s
52.000 Milwaukee, Wis., 4J4s
34.000 Minneapolis, Minn., 3)^s
5.000 Minneapolis, Minn., 4s
99.000 New Bedford 4s
59,750 Newburyport 3% s
89.000 Newburyport 4s
100.000 Omaha, Neb.,4V£s
59,700 Quincy 4s
10.000 Saginaw, Mich., 3V£s*
10.000 Saginaw, Mich., 4s*
2.000 Salem 4s
17.000 Salem 4)4s
37.000 Schenectady, N. Y ., 4J^s*
7.000 Somerville 4s
20.000 So. Norwalk, Conn., 4s
5.000 Spokane, Wash., 4)f>s
25.000 Troy, N. Y., 4s
23,400 Troy, N .Y .,4K s
25.000 Woonsocket, R. I., 4s
8.000 Woonsocket, R. I., 4Jdis
3.000 Amesbury 4s
3.000 Andover 4s
59.000 Attleborough 4s
36.000 Braintree 4s
5.000 Clinton 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$45,000 Cranston, R. I., 4s
80.000 Dudley 3Ks
65.000 Eden, Me., 4s*
17,700 Lenox 4s
36.000 Norwood 4s
24.500 No. Attleborough 4s
5.000 Palmer 4s
10.000 Peabody 3}4s
15.000 Revere 4s
24.500 Rockland 4s
18.000 Rumford, Me., 4s
75.000 Stamford, Ct., 4J^s
6.000 Stoneham 4s
25.000 Gardiner, Me. (W. D.), 4s
75.000 Kennebec, Me.(W. D.),3}4s
Public Funds, Notes.
10.000 Brockton 3.85%
50.000 Marlborough 3.65%
10.000 Marlborough 3.75%
20.000 Melrose 3.70%
20.000 Abington 3.75%
18.000 Canton 3^s
14,820 Essex 4s
11,200 Merrimac 3 }is
1.000 Needham 3.70%
4,800 Newbury 3.85%
7,500 Newbury 4s
9.000 Rowley 3.75%
20.000 Watertown 3.70%
4,995 Winthrop 4s
$2,495,865
Railroad Bonds.
$80,000 Boston & Albany 4s
345.000 Boston & Maine
25.000 Boston, R. B. & Lynn 4J^s
91,600 Burlington & Mo. R. 6s
140.000 C.,B. & Q. 4s
15.000 Chic., Mil. & St. P. 5s
June 10, 11, 12.
* Legal investments when made.
$205,000 Chic. & Northwestern 4s
26.000 Chic. & Northwestern 5s
97.000 Chic. & Northwestern 6s
15.000 Dexter & Piscataquis 4s
130.000 Fitchburg 4s
25.000 Fitchburg 4Hs
45.000 Fremont, Elk. & M. V. 6s
12.000 Housatonic 5s
25.000 Illinois Central 4s
30.000 Louisville & Nashville 5s
39.000 Me. Cent. & E. & N. A. 4s
50.000 Michigan Central 4s
25.000 N. Y., Lack. & West. 6s
225.000 N. Y., N. H. & H. 4s
140.000 Penobscot Shore Line 4s
25.000 Pitts., Va. & Charles. 4s
25.000 Port. & Ogdensburg 4J4>s
10.000 Ports., Gt. F. & Con. 4J^s
41.000 Rome, Water. & Og. 5s
25.000 Upper Coos 4s
20.000 Wor., Nash. & R. 4s
$1,931,600
Bank Stocks.
Shs.
100 Commonwealth Tr. Co., Boston
250 First Nl. Bk., Boston
173 Merchants Nl. Bk., Boston
221 Nl. Bk. of Commerce, Boston
250 Nl. Shawmut Bk., Boston
208 NL Union Bk., Boston
100 Old Boston Nl. Bk., Boston
520 Second Nl. Bk., Boston
101 State Nl. Bk., Boston
250 Tremont Nl. Ilk., Boston
225 Webster & Atlas Nl. Bk., Boston
60 Gloucester Nl. Bk.
56 First Nl. Bk., Newburyport
1,226 Merchants Nl. Bk., Newb’yp’t
112 Ocean Nl. Bk., Newburyport
18 Warren Nl. Bk., Peabody
» REPORT OF THE
170
[Pub. Doc.
INSTITUTION FOR SAVINGS IN ROXBURY AND ITS
VICINITY, BOSTON.
2343 W ASHINGTON STREET.
Incorporated February 22, 1825.
C harles
G.
S m i t h , President.
R obert
Board o f Trustees:
B ullard, W .
W .
A.
H orace
D.
B acon,
C otton, W .
G.
M o l i n e u x , Treasurer.
C . N i c k e r s o n , Clerk o f the Corporation.
L eonard
S m it h ,
Number of corporators, 44; number of trustees, 19.
D.
S. M .
B o l s t e r , W il f r e d
C o t t o n , J r .,
E. U.
B olster, W . H . B rack ett,
C u r t is , N e l so n
G a s t o n , R . G . M o l in e u x , J o s e p h M o r r il l , J. E . R o u s m a n ie r e , H .
S. L.
T readw ell,
Board o f Investm ent:
Auditing Com m ittee:
C. G.
E.
S m it h ,
S. L.
B . W il d e r , J.
J. D .
D.
W il l ia m s ,
T readw ell,
A. M .
A. M .
C u r t is , W . H . E l l is o n ,
A.
R ueter,
C.
G.
W il l ia m s .
E. U.
C u r t is , J o se p h M o r r il l .
W . H.
B ullard,
W . D.
E l l is o n ,
C o tto n , N elson
C u r t is .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are pay
able the Thursday following the third W ednesday of April and October. Business hours: 9 a . m .
to 3 p . m . ; Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
$640,000
5.072.000
1.144.000
33,060
150.000
265.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
00
00
00
00
00
00
$7,304,060 00
783 loans on real estate (average o f each, $ 4 ,5 9 1 .0 8 ) .
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
Estimated
Market Value.
$626,960
4,691,560
1,118,105
64,347
144,000
237,175
Book Value.
00
00
00
00
00
00
$6,882,147 00
00
25
45
00
00
25
$7,188,161 95
$3,599,312 93
4,500 00
3,594,812 93
1,810,730 00
150,000 00
57 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 1 5 0 ,0 0 0 ; assessed value, $ 1 7 5 ,0 0 0 )
Real estate by foreclosure, etc. (assessed value, $ 2 0 ,7 0 0 ) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
$640,000
4,987,216
1,134,604
33,060
150,000
243,281
1 00
384,938 92
22,041 37
.
.
.
.
.
$13,150,686 17
.
.
.
.
.
$12,383,207 49
Liabilities.
Due depositors on 30,598 accounts, averaging $404.71 each
(Accounts opened during year, 4 ,1 4 ® ; dosed, 3 ,8 0 2 ; increase, 340)
Surplus: —
a. Guaranty fund (5 .0 1 % o f deposits; increase during year, $ 1 0 ,0 0 0 )
.
b. Profit and loss {increase during year, $ 4 2 ,7 9 1 .7 8 ) .
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
.
.
620,000 00
136,683 99
.
8,823 86
1,970 83
.
.
.
. $13,150,686 17
No. 8.
BANK COMMISSIONER.
171
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Am ount paid for
$39,829.06 $26,361.00 $4,600.00
$25.00
C ost per $1,000 of assets
3.03
2 .0 0
.34
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$6,557.75 $77,272.81
.50
5.87
. / .
.
2 .5 0
Gross income received during the year, $531,254.88.
Rates on Investments and Loans (Average on All, 4.20% ).
(average rate, 4.62 per cent.): 3 % % , $48,000; 4%, $553,050; 4 % % , $131,400; 4 % % ,
$1,342,050; 4 % % . $21,500; 5%, $1,483,562.93; 5 % % , $13,850; 6 %, $1,400.
Personal loans (average rate, 4.27 per cent.): 4%, $577,875; 4% % , $50,000; 4 % % , $892,555; 4 % % ,
$73,700; 4 % % , $100,000; 5%, $51,800; 5 % % , $2,800; 5 % % , $62,000.
Bonds, stocks, etc. (average rate on book values, 3.97 per cent.): 3%, $100,000; 3 % % , $2,197,000; 4%,
$4,234,000; 4 % % , $50,000; 4 % % , $665,000; 5%, $25,000; 6 %, $1,500; 7%, $8,200; 10%, $22,800.
Real estate loans
Number of loans not over $3,000 each, 447, amounting to $864,095.
55 real estate loans'made during year, amounting to $254,250.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 1 % %
.
.
.
.
.
Oct., 1 9 1 2 , 1 % % ...........................................
Number of deposits during year, 37,646, amounting to
.
.
.’
.
.
Number of withdrawals during year, 31,178, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
$2,677,198 24
2,295,091 23
.
.
$201,064 16
204,643 30
2,271,490 78
.
$382,107 01
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$100,000 Boston 3%s
106.000 Boston 4s
30.000 Fall River 4s
100.000 Fitchburg 4s
26.000 Holyoke 4s
25.000 Indianapolis, Ind., 4s
50.000 Lynn 4s
35.000 Medford 4s
50.000 Rutland, Vt., 4s
25.000 Waterbury, Ct., 4s
45.000 Arlington 4s
29.000 Billerica 4s
19.000 Reading 4s
$640,000
Railroad Bonds.
$175,000 Boston & Albany 3%s
422.000 Boston & Albany 4s
168.000 Boston & Lowell 4s
372.000 Boston & Maine 3%s
340.000 Boston & Maine 4s
210.000 Boston & Maine 4%s
D ate
of
E x a m in a t io n ,
$25,000 Boston & Prov. 4s
420.000 C ..B .& Q . 3%s
278.000 G , B. & Q. 4s
50.000 Chic. & Northwest. 3%s
150.000 Chic. & Northwest. 4s
50.000 Concoid & Claremont 4%s
85.000 Concord & Montreal 4s
25.000 Danbury & Norwalk 5s
50.000 Delaware & Hudson 4s
50.000 Fitchburg 3%s
254.000 Fitchburg 4s
100.000 Fitchburg 4%s
50.000 Gt. Northern 4%s
100.000 Illinois Central 3s
370.000 Illinois Central 3%s
50.000 Manchester & Law. 4s*
20.000 Michigan Central 3%s
25.000 Mich.Cen.-Jol.& No.Ind. 4s
50.000 Minnesota & Iowa 3%s
100.000 N. Y.C. & H .R .3% s
330.000 N. Y ..N .H .& H . 3%s
475.000 N. Y., N. H. & H. 4sf
25.000 Norwich & Worcester 4s
110.000 Old Colony 4s
25.000 Providence Terminal 4s
25.000 Sullivan Co. 4s
$5,072,000
Street Railway Bonds.
$80,000 Boston Elevated 4s
250.000 Boston Elevated 4%s
67.000 Boston & Northern 4s
150.000 Springfield 4s
542.000 West End 4s
55.000 West End 4%s
$1,144,000
Bank Stocks.
Shs.
33 Fourth-Atlantic Nl. Bk., Boston
15 Nl. Bk. of Commerce, Boston
21 Nl. Bk. of the Republic, Boston
173 Nl. Rockland Bk., Boston
55 Second Nl. Bk., Boston
39 State Nl. Bk., Boston
16 Tremont Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
June 24, 25.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000 Washington Co. 3%s
83,000 Worcester, Nash. & R. 4s
t $30,000 not a legal investment.
REPORT OF THE
172
[Pub. Doc.
IPSWICH SAVINGS BANK, IPSWICH.
SOUTH M AIN STREET.
Incorporated March 20, 1869.
A.
C harles
Number of corporators, 22; number of trustees, 14. .
S a y w a r d , President.
John
G e o r g e E . F a r l e y , Treasurer.
A.
B l a k e , Clerk o f the Corporation.
J. A. B l a k e , A. S . B r o w n , G . B . B r o w n , A. C. D a m o n ,
G. H. G r e e n , T. H. L o r d , D. S . P e r l e y , G e o r g e P r e s c o t t , D
C. A. S a y w a r d , H. M. S a y w a r d .
Board o f Trustees:
hue
,
ford
,
Board o f Investm ent:
C. A.
Sa y w a r d ,
T.
Auditing Comm ittee:
C. A.
S a y w a r d , D a n ie l
H . L ord,
J. A.
Sa f f o r d ,
G.
E.
T. G
G. E.
F arley, F.
a n ie l
Sa ffo r d ,
ood-
Saf-
B lake, G. H . G reen, G. B. B row n.
F. T.
G oodhue.
Deposits draw interest from fourth Wednesday of January, April, July and October; dividends are
payable the fourth Wednesday of January and July. Business hours: 8.30 a . m . to 12.30 p . m .
also Saturdays, 3 to 5 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$173,250
274,000
21,000
19,820
21,000
00
00
00
00
00
$170,502
245,932
20,255
25,834
18,795
$509,070 00
Book Value.
50
50
00
00
00
$172,450
262,926
20,475
17,971
19,208
$481,319 00
00
25
00
00
13*
$493,030 38
225 loans on real estate (average o f each, $ 2 ,1 5 9 .7 5 .
.
.
.
.
.
.
485,943
9 loans on personal security
.
.
.
.
.
.
.
.
.
.
8,700
Real estate by foreclosure, etc. (assessed value, $ 1 3 ,8 7 0 )
.
.
.
.
.
.
12,169
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
38
Deposits in national banks or trust companies
.
.
.
.
.
.
.
26,829
C a s h ....................................................................................................................................................3,595 70
72
00
72
35
14
Total Assets
.
.
.
.
.
$1,030,307 01
Due depositors on 3,109 accounts, averaging $308.07 each
.
.
.
.
.
$957,810 68
Liabilities.
{Accounts opened during year, 4 5 8 ; closed, 3 1 8 ; increase, 140)
Surplus: —
а. Guaranty fund {4 .9 0 % o f deposits; increase during yea r, $ 2 ,2 2 4 .6 6 ) .
.
.
б . Profit and loss {increase during year, $ 2 ,6 1 0 .4 3 )
.
.
.
.
.
.
Current income: —
I n t e r e s t ...............................................................................................
$5,748 45
Less current expenses not charged off
.
.
.
.
956 49
-----------------------
47,000 00
20,704 37
4,791 96
Total L ia b ilitie s .......................................... $1,030,307 01
* This bank has been notified that this amount is in excess of the legal limit.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER.
No.
173
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
#1,638.55
#2,409.00
#300.00
$13.35
Cost per $1,000 of assets
1.58
2 .33
.29
.01
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$1,055.59
1.02
Total.
$5,416.49
5.23
3.36
Gross income received during the year, $45,922.77.
Rates on Investments and Loans (Average on All, 4.75%).
(average rate, 5.52 per cent.): 4%, $700; 5%, $224,825; 5)|% , $1,007; 5J^%, $19,027.50;
6 %, $238,684.22; 7%, $1,700.
Personal loans (average rate, 5.60 per cent.): 5%, $3,500; 6 %, $5,200.
Bonds, stocks, etc. (average rate, on book values 3.97 per cent.): 3%, $21,000; 3J^%, $185,000; 4% ,
$229,500; 4 H % , $46,000; 6%, $6,800; 7%, $5,000; 8 % , $6,100.
Real estate loans
Number of loans not over $3,000 each, 194, amounting to $212,314.72.
21 real estate loans made during year, amounting to $38,175.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 3,144, amounting to
.
.
.
.
.
.
.
.
.
Number of withdrawals during year, 2,033, amounting to .
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$17,359 26
17,841 67
186,679 93
$221,880 86
167,788 97
$54,091 89
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Barre, Vt., 3Hs
33.000 Boston 4s
20.000 Chelsea V A s
10.000 Chelsea 4s
2.000 Dubuque, la., 3}^s
10.000 Lowell 4s
10.000 Los Angeles, Cal.,
10.000 New Bedford 4s
8.000 Salem 4s
15.000 Dedham 3)^s
6.000 North Attleborough 4s
5.000 Palmer 4s
4.000 Peabody 3Hs
6,500 Watertown 4s
14.000 Br. & T., Me. (W. D.), 4s
Public Funds, Notes.
6,750 Ipswich 4s
Railroad Bonds.
$15,000 Baltimore & Ohio 3J£s
10.000 Benning. & Rutland 4Hs*
10.000 Boston & Albany 4s
2.000 Boston & Lowell 4s
20.000 Boston & Maine 4)^8
5.000 Boyer Valley 3)^s
48.000 C .,B .& Q .3M s
5.000 C.,B. &Q. 4s
15.000 Concord & Montreal 4s
6.000 Fitchburg 4s
21.000 Illinois Central 3s
30.000 Illinois Central 3A£s
5.000 Minnesota & Iowa 3Ks
10.000 N .Y .,N .H .& H .3 ^ s
33.000 N. Y „ N. H. & H. 4s
20.000 Old Colony 4s
19.000 Peoria & Northwest. 3Ms
$274,000
$173,250
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
January
12.
* A legal investment when made.
Street Railway Bonds.
$10,000 Boston Elevated 4s
6.000 Boston Elevated 4}^s
5.000 West End 4s
$21,000
.
Bank Stocks.
Shs.
5 Tremont Nl. Bk., Boston
15 Gloucester Nl. Bk.
26 First Nl. Bk., Ipswich
8Nl. Grand Bk., Marblehead
12 Asiatic Nl. Bk., Salem
43 First Nl. Bk., Salem
19 Mercantile Nl. Bk., Salem
122 Merchants Nl. Bk., Salem
13 Nl. Exchange Bk., Salem
14 Salem Nl. Bk.
50 Salem S. D. & T. Co.
174
REPORT OF THE
[Pub. Doc.
LAWRENCE SAVINGS BANK, LAWRENCE.
255 ESSEX STREET.
Incorporated March 10, 1868.
D a n ie l
Number of corporators, 29; number of trustees, 15.
S a u n d e r s , President.
L e w i s A . F o y e , Treasurer.
P . F r y e , Clerk o f the Corporation.
N ew ton
Board o f Trustees: E
dmund
L. A.
B ic k n e l l ,
F oye,
N.
P. Frye,
C.
H . H artw ell,
H o l t , C. H . K i t c h i n , A. E . M a c k , A. D . M a r b l e , W . T. M c A l p i n e ,
k in s , W . E . P h il b r ic k , D a n ie l Sa u n d e r s , F . H . S il s b e e .
Board o f Investm ent: D
A uditing C om m ittee:
a n ie l
J. A.
Sa u n d e r s , W . T . M cA l p in e , L.
P e r k in s ,
F. H.
S il s b e e ,
A . D.
J. I.
G. H o l t , A. E .
M arble.
J. S.
H ow e,
M il l ik e n ,
J. I.
M ack,
J. A.
L. G.
P er
M il iik e n .
'
Deposits draw interest from first day of January, April July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 1 p . m . ; also Saturdays, 2 to 4 and 7 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
Par Value.
.
.
.
.
.
.
.
.
.
$150,000
386,000
15.000
25.000
00
00
00
00
$576,000 00
Estimated
Market Value.
Book Value.
$147,785
342,247
30,825
22,375
$150,000
372,300
14,300
22,500
00
50
00
00
$543,232 50
804 loans on real estate (average o f each, $ 3 ,7 7 8 .9 2 ) .
.
.
.
.
.
69 loans on personal security
.
.
.
.
.
Bank building and fixtures {estimated value, $ 1 0 5 ,0 0 0 ; assessed value, $65 ,5 0 0 )
Real estate b y foreclosure, etc. {assessed value, $19 ,7 5 0 )
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$559,100 00
3,038,248
1,199,980
104.951
15,085
71,666
3,228
.
.
.
Total Assets
00
00
00
00
00
00
30
77
37
84
$4 992,260 28
Liabilities.
Due depositors on 11,298 accounts, averaging $406.55 each
.
$4.593,234 66
{Accounts opened during year, 8 ,1 8 8 ; closed, 8 ,1 8 9 ; increase, 944)
Surplus: —
a. Guaranty fund {4 -7 5 % o f deposits; increase during year, $ 25,900 )
b. Profit and loss (increase during year, $ 4 ,4 1 9 .2 1 )
Current incom e: —
a. Interest
.......................................... ..........
$96,917 33
b. R e n t ...............................................................
562 60
$97,479 93
4,275 86
------------------
Less current expenses not charged off
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
218,000 00
87,554 23
Total Liabilities
.
93,204 07
267 32
. $4,992,260 28
BANK COMMISSIONER.
No. 8.]
175
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$6,751.17
$6,984.27 $2,700.00 $47.00
Cost per $1,000 of assets
1.35
1.40
.54
.01
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$2,848.51
$19,330.95
.57
3.87
.
.
.
1.98
Gross income received during the year, $216,504.54.
Rates on Investments and Loans (Average on All, 4.73% ).
(average rate, 4.94 per cent.): 4%, $60,500; 4J^%, $255,500; 4 % % , $38,000; 5%,
$2,668,383; 5 ^ % , $1,100; 6%, $14,765.
Personal loans (average rate, 4.61 per cent.): 4%, $25,000; 4M%. $366,000; 4 % % , $175,000; 4 H % .
$300,000; 4M % . $25,000; 5%, $60,880; 5M % . $120,000; 5 H % , $125,000; 6%, $3,100.
Bonds, stocks, etc. (average rate on book values, 3.89 per cent.): 3%, $70,000; 3J^%, $243,500; 3 % % ,
$10,000; 4%, $206,000; 4 ^ % , $31,500; 6%, $2,000; 7%, $6,200; 8%, $4,100; 10%, $2,000.
Real estate loans
Number of loans not over $3,000 each, 501, amounting to $788,470.
94 real estate loans made during year, amounting to $304,505.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 20,820, amounting to
.
.
Number of withdrawals during year, 10,972, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
..........................................
.
.
.
.
.
.
.
.
.
.
.
$82,726 08
82,551 91
1,186,062 94
$1,351,340 93
1,112,692 84
.
$238,648 09
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Massachusetts 3J^s
15.000 Belfast, Me., 4s
9.000 Beverly 4s
5.000 Bridgeport, Ct., 4s
5.000 Chicago, 111., 4s
5.000 Concord, N. H., 4s
20.000 Fort Wayne, Ind., 3)^s
15.000 Lawrence 4s
10.000 New Britain, Ct., 4s
5.000 New London, Ct., 4s
5.000 Quincy 4s
20.000 Terre Haute, Ind., 4s
10.000 Attleborough 3J^s
2.000 No. Andover 4s
Public Funds, Notes.
10.000 Medford 3^gS
2,500 Methuen 3Jis
$5,000 Methuen 4s
1,500 Methuen 4J^s
$150,000
Railroad Bonds.
$15,000 Boston & Albany 3J^s
15.000 Boston & Albany 4s
20.000 Boston & Maine 3}4s
10.000 Boston & Maine 4s
25.000 Boston & Maine 4)dis
40.000 C .,B .& Q .3 ^ s
35.000 C .,B .& Q .4s
26.000 Cleveland & Pitts. 3Ks
10.000 Concord & Montreal 4s
15.000 Connecticut River 3)^s
10.000 Erie & Pitts. 3b£s
10.000 Fitchburg 3)^s
5,000 Fitchburg 4s
D a te op E x a m in a t io n , April 8, 9, 10, and 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$70,000 Illinois Central 3s
5.000 M. Cent. & E. & N. A. 4s
25.000 N .Y ..N .H .& H . 3V2s
25.000 Peoria & Northwest. 3)^s
5.000 Ports., G. F. & C. 4J^s
20.000 Princeton & Northwest. 3J^s
$386,000
Bank Stocks.
Shs.
20 Fourth-Atlantic Nl. Bk., Boston
20 Merchants Nl. Bk., Boston
20 Nl. Bk. of Commerce, Boston
29 Nl. Shawmut Bk., Boston
20 State Nl. Bk., Boston
20 Tremont Nl. Bk., Boston
22 Webster & Atlas Nl. Bk., Boston
12 Bay State Nl. Bk., Lawrence
REPORT OF THE
176
[Pub. Doc,
LEE SAVINGS BANK, LEE.
M AIN STREET.
Incorporated March 5, 1852.
B ennett
T.
Number of corporators, 34; number of trustees, 11.
G a i .e , President.
E dvard
John
L.
S.
R o g e r s , Treasurer.
K i l b o n , Clerk o f the Corporation.
W . C. B e n t o n , B. T. G a l e , C. E. H i b b a r d , J. I,. K i l b o n , T
E. S. R o g e r s , C. H. S h a y l o r , A. R . S m i t h , A. C. S p a r k s , A. T .
Board o f Trustees:
J. A .
R ic e ,
Board o f Investm ent:
B. T.
A uditing Comm ittee: B .
T.
G ale,
C. H.
G ale, W .
C.
hom as
N orton,
T readw ay.
Sh a y lo r, T hom as N orton .
B enton,
A. C.
Spark s.
Deposits draw interest from first day of March, June, September and December; dividends are pay
able June 1 and December 1. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railioad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$113,200
450,000
75,000
90,500
30,000
8,000
Estimated
Market Value.
00
00
00
00
00
00
$113,182
429,062
71,975
182,255
26,850
1,82C
$766,700 00
50
50
00
00
00
00
Book Value.
$113,200
444,493
73,262
125,524
25,531
1,350
$825,145 00
$783,361 50
294 loans on real estate {average o f each, $ 2 ,1 8 1 .8 6 ) .
50 loans on personal security
.
.
.
.
Bank building and fixtures {estimated value, $ 1 8 ,0 0 0 ; assessed value, $ 8 ,0 0 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
641,467
175,324
16,500
42,646
3,534
Total Assets
00
75
50
00
25
00
71
11
00
70
02
$1,662,834 04
Liabilities.
Due depositors on 3,704 accounts, averaging $410.50 each
.
.
.
.
.
$1,520,493 22
{Accounts opened during year, 5 4 0 ; closed, 4-50; increase, 9C)
Surplus: —
a. Guaranty fund (4 .9 3 % o f deposits; increase during year, $ 6 ,0 0 0 )
.
.
.
b. Profit and loss {increase during year, $ 5 ,0 8 3 .7 1 )
.
.
.
.
.
.
Cunent income: —
а. I n t e r e s t ............................................................................................... $22,679 52
б. R e n t ...............................................................................................
151 43
----------------------Total Liabilities
.
.
.
.
.
75,000 00
44,509 87
22,830 95
$1,662,834 04
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Am ount paid for
$3,246.26
$3,699.96
$800.00
$42.70
$1,198.57
Cost per $1,COO of assets
1.95
2.22
.48
.03
.72
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $74,999.21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total.
$8,987.49
5.40
2 .97
No. 8.
177
BANK COMMISSIONER.
Rates on Investments and Loans (Average on All, 4.72% ).
Real estate loans
(average rate, 5.01 per cent.): 4 H % . $75,000; 5%, $513,027; 5J^%, $16,250; 6% ,
$37,190.71.
(average rate, 4.96 per cent.): 4 X
A % , $10,000; 4 M%> $25,000; 5%, $121,960.86; o A % ,
$15,700; 6%, $1,770.
B on d s , stocks, etc. (average rate on book values, 4.43 per cent.): 3 K % , $125,000; 4%, $390,500; 4)4% ,
$21,000; 4)4% , $46,700; 5%, $75,000; 6%, $21,000; 7%, $36,400; 8%, $22,700, 10%, $13,100; 12%,
$4,000; 16%, $3,300.
Personal loans
Number of loans not over $3,000 each, 273, amounting to $266,859.82.
35 real estate loans made during year, amounting to $87,825.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
M ay, 1912, 2 %
Number of deposits during year, 3,378, amounting to
.
.
.
.
.
.
...........................................
.
.
.
.
Number of withdrawals during year, 2,464, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$27,537 11
28.38S 21
268,721 49
.
$324,646 81
247,259 39
.
$77,387 42
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Massachusetts 3)4s
10.000 Chicago, 111., 4s
20.000 Lawrence 4s
10.000 Norwalk, Conn., 4s
2.000 Stamford, Conn., 4s
10.000 Amesbury 4s
3,500 Great Barrington 4s
5,0C0 Manchester, Conn., 4s
5.000 Kittery, Me. (W. D.), 5s
Public Funds, Notes.
10.000 Lee 4Ms
16.000 Lee 4)4s
1.000 Otis 4)4s
4,700 Tyringham 4)4s
11.000 Lee (F. D.) 4Ks
$113,200
Railroad Bonds.
$10,000 Bangor & Aroostook 5s
10.000 Baltimore & Ohio 3)4s
10.000 Beech Creek 4s
10.000 Boston & Albany 3)4s
10.000 Boston & Albany 4s
10.000 Boston & Maine 4s
15.000 Boston & Maine 4J4s
20.000 Concord & Montreal 4s
20.000 C„ B. & Q. 3)4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$35,000 C., B. & Q. 4s
5.000 Ch., Mil. & St. Paul 5s
5.000 Chic. & Northw. 4s
15.000 Chicago, R. I. & Pacific 4s
5.000 Delaware & Hudson 4s
10.000 Fitchburg 3his
10.000 Fitchburg 4s
5.000 Fitchburg 4)^s
40.000 Illinois Central 3)^s
25.000 Illinois Central 4s
10.000 Louisville & Nashville 4s
5.000 Louisville & Nashville 6s
15.000 Mil., L. S. & W. 5s
10.000 N. Y. C. & H. R. 3b£s
10.000 N. Y., Lack. & West. 6s
10.000 N. Y „ N. H. & H. 3)^s
40.000 N. Y „ N. H. & H. 4s
20.000 No. Maine Seaport 5s
25.000 Old Colony 4s
10.000 Providence Terminal 4s
10.000 Sioux City & Pacific 3)^s
15.000 Western Pennsylvania 4s
$450,000
Street Railway Bonds.
$20,000 Boston Elevated 4s
5.000 Boston Elevated 4)^s
10,000 Boston & Northern 4s
5.000 Holyoke 5s
September 11.
*A legal investment when made.
$15,000 Hoosac Valley 4s*
10.000 Lynn & Boston 5s
10.000 West End 4s
$75,000
Bank Stocks.
Shs.
40 First Nl. Bk., Amherst
15 Fourth-Atlantic Nl. Bk., Boston
40 First Nl. Bk., Boston
60 Nl. Bk. of Commerce, Boston
30 Nl. Bk. of the Republic, Boston
30 Nl. Shawmut Bk., Boston
50 Second Nl. Bk., Boston
40 State Nl. Bk., Boston
40 Webster & Atlas NL Bk., Boston
20 Nl. Mahaiwe Bk., Gt. Bairington
100 Lee Nl. Bk.
59 No. Adams Nl. Bk.
33 Agricultural Nl. Bk., Pittsfield
90 Pittsfield Nl. Bk.
5 Third Nl. Bk., Pittsfield
50 Chapin Nl. Bk., Springfie'd
72 Chicopee Nl. Bk., Springfield
60 Springfield Nl. Bk.
51 Third Nl. Bk., Springfield
30 Housatonic Nl. Bk., Stockbridge
20 Merchants Nl. Bk., Worcester
REPO RT OF THE
178
[Pub. Doc.
LEICESTER SAVINGS BANK, LEICESTER.
M AIN STREET.
Incorporated April 17, 1869.
A lon zo
B.
Number of corporators, 43; number of trustees, 13.
D a v i d s o n , President.
H arold
A lexander
Board o f Trustees:
G.
W . B urnett,
G.
O . C u r r ie r , A .
F.
A. B.
D a v id s o n ,
W . C.
Auditing Committee:
W . C.
W atson ,
M u r d o c k , Treasurer.
E s t a b r o o k , A . B . D a v id s o n , J. J. K n ig h t ,
A l e x a n d e r M c N e i s h , C. T . M u n r o e , C. E. P e r r y ,
W a t s o n , J. S. W h i t t e m o r e , T. E. W o o d c o c k .
Board of Investm ent:
C.
M c N e i s h , Clerk o f the Corporation.
W . E.
Sprag u e, W alter W ar r e n ,
C. T . M u n r o e , G. W . B u r n e t t ,
W a t s o n , A. F. E s t a b r o o k .
G. O.
C u r r ie r ,
C. E.
J. J.
K n ig h t ,
W . E.
W. C.
Sprague,
P erry.
Deposits draw interest from first day of March, June, September and December; dividends are pay
able June 1 and December 1. Business hours; 9 a . m . to 1 p . m . ; 2 to 4 p . m . ; Saturdays, 9 a . m .
to 1 P .M .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
.
.
Securities acquired in settlement of indebtedness
. '
$114,000
203,000
42.000
9,100
11.000
9,400
00
00
00
00
00
00
$388,500 00
Estimated
Market Value.
Book Value.
$111,412
185,190
39,810
17,430
9,845
1,125
$114,000
201,975
41,120
11,900
10,010
955
50
00
00
00
00
00
$364,812 50
219 loans on real estate (average o f each, $ 1 ,6 9 5 .0 6 )
9 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 9 ,0 0 0 ; assessed value, $5,500)
Deposits in national banks or trust companies
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
00
00
00
00
00
00
$379,960 00
371,219
22,419
7,000
11,802
3,334
12
96
00
78
02
Total A s s e t s .......................................... $795,735 38
Liabilities.
Due depositors on 1,574 accounts, averaging $472.69 each
.
.
.
.
.
$744,009 28
( Accounts opened during year. 2 3 5 ; closed, 1 1 0 ; increase, 125)
Surplus: —
a. Guaranty fund (3 .8 4 % o f deposits; increase during year, S 1 ,8 2 8 .7 3 ) .
b. Profit and loss (.decrease during year, $ 5 9 0 .6 7 )
.
.
.
.
.
.
Current income; —
a. Interest .
.
.
.
.
.
.
$15,385 95
b. Rent
.
.
.
.
.
.
.
259 19
----------------------$15,645 14
Less current expenses not charged off
.
.
.
.
1,047 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
28,601 76
8,526 87
14,597 97
Total L ia b ilit ie s .......................................... $795,735 88
BANK COMMISSIONER.
No. 8.]
179
Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
Amount paid for
$1,927.88
$1,483.82
$400.00 $353.18
Cost per $1,000 of assets
2.42
1.86
.50
.44
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$615.33
$4,780.21
.77
5.99
3.07
Gross income received during the year, $34,693.94.
Rates on Investments and Loans (Average on All, 4.53%).
Real estate loans (average rate, 5.06 per cent.): 5%, $347,995.63; 5M%> $4,819; 6%, $18,404.49.
Personal loans (average rate, 4.94 per cent.): 5%, $10,960.14; 5M%> $10,000; 6%, $175.
Bonds, stocks, etc. (average rate on book values, 3.99 per cent.): 3%, $5,000; 3M%> $126,000;
4%,
$203,000; 5%, $36,000; 7%, $5,300; 8%, $3,800.
Number of loans not over $3,000 each, 201, amounting to $224,002.08.
37 real estate loans made during year, amounting to $92,050.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 869, amounting to
.
Number of withdrawals during year, 889, amounting to
Net increase in amount due depositors
.
.
.
.
.
$13,963 03
14,158 79
89,538 03
.
.
.
.
.
.
.
.
.
.
.
$117,659 85
87,202 97
$30,456 88
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Brockton 4s
5.000 Fall River 4s
9.000 Lynn 4s
15.000 Middletown, Ct., 3Ms
10.000 Saginaw, Mich., 4s*
1.000 Clinton 4s
5.000 Great Barrington 4s
5.000 No. Attleborough 4s
24.000 Randolph 4s
10.000 Westborough 3Ms
10.000 Kennebec, Me. (W. D.), 3Ms
5.000 Leicester (W. D.) 4s
Public Funds, Notes.
10,000 Agawam 4s
$114,000
D ate
Railroad Bonds.
$10,000 Bangor & Aroostook 5s
8.000 Boston & Albany 3Ms
33.000 Boston & Maine 4s
5.000 Boston & Providence 4s
15.000 Boyer Valley 3Ms
20.000 C ..B .& Q . 3Ms
5.000 C ..B .& Q . 4s
3.000 Erie & Pittsburgh 3Ms
10.000 Fitchburg 4s
5.000 Illinois Central 3s
30.000 Illinois Central 3Ms
15.000 N. Y., N. H. & H. 3Ms
14.000 N. Y .,N . H .& H . 4s
20.000 No. Maine Seaport 5s
5.000 Old Colony 4s
5.000 Upper Coos 4s
$203,000
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
July 1.
* A legal investment when made.
Street Railway Bonds.
$10,000 Boston Elevated 4s
11.000 Boston & Northern 4s
6.000 East Middlesex 5s
5.000 Springfield 4s
10.000 West End 4s
$42,000
Bank Stocks.
Shs.
10 Commonwealth Tr. Co., Boston
38 State Nl. Bk., Boston
15 Webster & Atlas Nl. Bk., Boston
3 Millbury Nl. Bk.
25 Merchants Nl. Bk., Worcester
180
R E PO R T OF THE
[Pub. Doc.
LENOX SAVINGS BANK, LENOX.
W ALKER STREET.
Incorporated April 4, 1890.
Frank
L.
G i l m o r e , President.
G eorge
M urray
Board o f Trustees:
F.
J. B a r r e t t , H .
C l if f o r d , W . D . C u r t is ,
G.
S.
Number of corporators, 29; number of trustees, 15.
P elton,
L.
F. L.
A.
B r o w n , Clerk o f the Corporation.
A.
B elden, G .
F.
B ourne, M .
A.
R . B u l l . Treasurer.
B row n , W . B. B ull, W . G .
G il m o r e , H . P . Ja q u e s , W il l ia m M a h a n n a , E d w a r d M c D o n a l d ,
C . P e t e r s , T h o m a s P o s t , H e n r y S e d g w ic k .
Board of Investm ent:
F. L.
G il m o r e ,
W.
Auditing Comm ittee:
F. J.
B arrett,
L. C.
D . C u r t is , H .
P eters,
G.
A.
B e l d e n , T h o m a s P o st , H e n r y S e d g w ic k .
F. B ourne.
Deposits draw interest from first day of January, April, July and October; dividends are payable
first Tuesday of January and July. Business hours: 9 a . m . to 12.30 p . m . ; 1.30 to 3 p . m . ; Satur
days, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$76,000
223,000
57.000
41,900
14.000
5,000
00
00
00
00
00
00
$76,688
212,735
53,725
72,590
12,530
890
$416,900 00
Book Value.
25
00
00
00
00
00
$429,158 25
94 loans on real estate (average o f each, $ 2 ,9 6 2 .9 2 )
Less amount due on uncompleted loans .
$77,539
226,090
55,318
63,620
12,703
930
80
00
00
00
00
00
$436,200 80
$284,515 01
6,000 00
278,515
38,425
11,593
1,233
12 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Total Assets
01
00
68
84
$765,968 33
Liabilities.
Due depositors on 1,806 accounts, averaging $407.35 each
.
.
.
.
$735,668 19
(Accounts opened during year, 8 2 5 ; closed, 2 4 5 ; increase, 80)
Surplus: —
a. Guaranty fund ( 2 .5 8 % o f deposits; increase during year, $ 1 ,7 2 3 .4 5 ) .
.
.
h. Profit and loss (increase during year, $ 9 0 5 .2 9 )
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$7,540 12
Less current expenses not charged off
.
.
.
.
516 15
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
18,609 34
4,436 83
7,023 97
230 00
$765,968 33
181
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$1,643.12 $1,343.00
$200.00
Cost per $1,000 of assets
2 .1 4
1.75
.26
Cost per $1,000 of assets not including State tax and rent .
.
Other Expenses.
$19.16
.02
.
.
$373.54
.49
.
.
Total.
$3,578.82
4 .6 6
2 .2 6
Gross income received during the year, $32,472.13.
Rates on Investments and Loans (Average on All, 4.57% ).
Real estate loans (average rate, 4.97 per cent.): 4M % . $42,700; 5%, $223,535.01; 6%, $12,280.
Personal loans (average rate, 5.39 per cent.): 5%, $18,400; 6%, $10,025; 5M%< $10,000.
Bonds, stocks, etc. (average rate on book values, 4.25 per cent.): 3M%> $92,000; 3.65%, $10,000;
3.70%,
$10,000; 3.75%, $6,000; 4%, $149,000; 4M % . $25,000; 5%, $80,000; 6%, $3,000; 7%, $13,600; 8%,
$19,900; 10%, $2,400; 16%, $2,000.
Number of loans not over $3,000 each, 71, amounting to $87,655.01.
23 real estate loans made during year, amounting to $56,300.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 2.410, amounting to
.
Number of withdrawals during year, 1,359, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
$12,807 55
...........................................13,215 38
.
.
.
156,107 36
.
.
.
.
.
.
.
.
$182,130 29
133,919 22
.
.
.
$48,211 07
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Boston 4s
20.000 Lenox 4s
6.000 Saugus 4s
4.000 Walpole 4s
6.000 Winthrop 3Ms
5.000 Kittery, Me. (W. D.), 5s
5.000 Van Buren, Me. (W. D.), 4s
Public Funds, Notes.
10.000 Everett 3.65%
5.000 Billerica 3.70%
5.000 Sandwich 3.70%
$76,000
Railroad Bonds.
$36,000 Bangor & Aroostook 5s
10,000 Boston & Albany 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 Boston & Maine 4Ms
10.000 C., B. & Q. 3Ms
10.000 C„ B. & Q. 4s
15.000 Chic. & Northwestern 4s
62.000 Illinois Central 3Ms
15.000 N. Y., N. H. & H. 3Ms
20.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
5,000 Washington Co. 3Ms
$223,000
Street Railway Bonds.
$5,000 Boston Elevated 4s
5,000 Boston Elevated 4Ms
30.000 Boston & Northern 4s
17.000 Citizens’ Electric 5s
$57,000
September
10.
Bank Stocks.
Shs.
57 Lee Nl. Bk.
SO Lenox Nl. Bk.
15 Palmer Nl. Bk.
20 Agricultural Nl. Bk., Pittsfield
19 Pittsfield Nl. Bk.
10 Chapin NL Bk., Springfield
14 Chicopee Nl. Bk., Springfield
24 Third Nl. Bk., Springfield
50 Springfield Nl. Bk.
25 Springfield S. D. & T. Co.
10 Mechanics Nl. Bk., Worcester
60 North Adams Nl. Bk.
15 First Nl. Bk., Northampton
20 First Nl. Bk., Winchendon
182
[Pub. Doc.
REPO RT OF THE
LEOMINSTER SAVINGS BANK, LEOMINSTER.
12 M AIN STREET.
Incorporated March 16, 1865.
A bthur
H . H a l l , President.
E verett
A. H.
H all,
E. F. B
W . H.
M ayo,
D . C.
N ic k e r s o n ,
Board o f Trustees:
Board o f Investm ent: C
B.
lodgett,
Number of corporators, 35; number of trustees, 15.
C h arles A .
R i c h v r d s o n , Clerk o f the Corporation.
J o s l i n , Treasurer.
M . H. B o s w o r t h , W . H. C h a s e , A. L. C l a r k , F. S. F a r n s w o r t h ,
C. A. J o s l i n , C l e s s o n K e n n e y , E. B. K i n g m a n , H a m i l t o n
R i c h a r d s o n , H. R . S m i t h , F. A. W h i t n e y .
H a r r is o n ,
E. B.
lesson
K e n n e y , H a m il t o n
M ayo,
A.
H.
H all,
D.
C.
N ic k e r s o n , M .
H.
B osw orth .
A uditing Comm ittee:
A. FI.
H all,
E. B.
K in g m a n ,
H. R .
S m it h .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 10 and July 10. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
$639,605
258,000
48,000
23,000
15,000
11
00
00
00
00
$983,605 11
Estimated
Market Value.
$628,343
238,437
46,500
31,550
13,425
Book Value.
00
50
00
00
00
$958,255 50
820 loans on real estate (average o f each, $ 2 ,0 5 9 .5 8 ) .
.
.
.
.
.
63 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 8 2 ,0 0 0 ; assessed value, $ 6 3 ,7 9 0 )
Real estate b y foreclosure, etc. (assessed value, $ 4 ,6 0 5 )
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
$639,605
253,945
48.000
21.000
14,156
$976,706 36
1,688,855
343,905
80,068
4,318
56,784
5,627
.
.
.
.
.
11
00
00
00
25
52
00
00
56
01
64
Total Assets
$3,156,265 09
Due depositors on 7,638 accounts, averaging $388.48 each
$2,967,238 44
Liabilities.
( Accounts opened during year, 9 9 8 ; closed, 8 9 3 ; increase, 105)
Surplus; —
a. Guaranty fund (4.71% o f deposits; increase during year, $7 ,3 0 0 )
h. Profit and loss (decrease during year, $ 3 ,704-23)
Current income: —
а. Interest .
.
.
.
.
.
.
$49,608 31
б. Rent
.
.
.
.
.
.
.
2,574 06
----------------------Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
139,800 00
3,211 99
$52,182 37
6,167 71
-----------------------
46,014 66
. $3,156,265 09
No.
BANK COMMISSIONER.
183
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$5,432.44
$5,999.58 $1,800.00
$1.90
Cost per $1,000 of assets
1.72
1.90
.57
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$1,223.92 $14,457.84
.39
4.58
2.29
Gross income received during the year, $139,079.28.
Rates on Investments and Loans (Average on All, 4.81%).
(average rate, 4.93 per cent.): 4%, $45,000; 4J^%, $17,000; 4)/£%, $104,000; 4M % .
$38,000; 5%, $1,480,980.52; 6%, $3,875.
Personal loans (average rate, 4.97 per cent.): 4J^%, $20,800; 5%, $323,105.
Bonds, stocks, etc. (average rate, on book values, 3.94 per cent.): 3J^%, $358,500; 3.60%, $5,000; 3.65%,
$10,000; 3M %, $2,400; 4%, $565,705.11; 4J^%, $19,000; 8%, $23,000.
Real estate loans
Number of loans not over $3,000 each, 758, amounting to $973,670.52.
91 real estate loans made during year, amounting to $176,055.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 8,195, amounting to
.
.
.
.
Number of withdrawals, during year, 7,083, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$54,682 02
56,015 94
534,402 81
$645,100 77
529,666 03
.
$115,434 74
SCHEDULE OF SECURITIES OWNED.
P ublic Funds, Bonds.
$10,000 Beverly 4s
40.000 Boston 3Hs
10.000 Cambridge 3J^s
20.000 Cambridge 4s
15.000 Chicago, 111., 4s
18,500 Chicopee 4s
23.000 Dubuque, la., 4s
20.000 Everett 4s
12.000 Holyoke 4s
28.000 Lowell 4s
10.000 Malden 4s
10.000 Manchester, N. H., 4s
10.000 Minneapolis, Minn., 4s
14.000 New Bedford 4s
15.000 Newton 4s
15.000 Providence, R. I., S y s
10.000 Quincy 3.65%
5.000 Quincy 4s
25.000 Salem 4s
6.000 Somerville 3J^s
22.000 Somerville 4s
15.000 Syracuse, N. Y., 4s
10.000 Troy, N. Y „ Zy2s
18.000 Athol 4s
10.000 Dracut 4s
21.000 Gardner 4s
12.000 Jaffrey, N. H., 3)^s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000 Leominster 4s
2.000 Merrimac 4s
10.000 Newmarket, N. H., 3)^s
6.000 Peabody 4s
10.000 Reading 4s
11.000 Revere 4s
20.000 Stoneham 3J^s
16.000 Wakefield 4s
10.000 Watertown 4s
Public Funds, Notes.
4.500 Barnstable 3}4s
95.000 Leominster 3)^s
5.000 Leominster 3.60%
4.500 Leominster 4s
4.000 Leominster i% 8
5.000 Methuen 3.14s
3,705 Nantucket 4s
2,400 Shirley 3%s
5.000 Weymouth 3^8
$639,605
Railroad Bonds.
$15,000 Boston & Albany Zy2a
30.000 Boston & Albany 4s
15.000 Boston & Maine z y s
October 17, 18.
$25,000 Boston & Maine 4s
1.000 Boston & Maine 4J^s
10.000 C., B. & Q. 3Ks
20.000 Concord & Montreal 4s
11.000 Connecticut River 3J^s
25.000 Fitchburg 3)^s
4.000 Fitchburg 4s
6.000 Fitchburg 4J^s
30.000 Illinois Central Zy2a
20.000 N. Y., N. H. & H. 31^s
40.000 N. Y „ N. H. & H. 4s
6.000 Old Colony 4s
$258,000
Street Railway Bonds.
$20,000 Boston Elevated 4s
20,000 West End 4s
8,000 West End 4^s
$48,000
Bank Stocks.
Shs.
150 Leominster Nl. Bk.
80 Safety Fund Nl. Bk., Fitchburg
184
REPO RT OF THE
[Pub. Doc.
LEXINGTON SAVINGS BANK, LEXINGTON.
M ASSACHUSETTS AVENUE.
Incorporated March 11, 1871.
G eorge
Number of corporators, 39; number of trustees, 21.
O . W h i t i n g , President.
B . W o r t h e n , Treasurer.
E d w in
A. E.
S c o t t , Clerk of the Corporation.
G. E. B r i g g s , F. C . C h i l d s , J. E. C r o n e , C . B . D a v i s , G. O . D a v i s , W . B .
F o s t e r , A. E . L o c k e , H . G. L o c k e , E. P . M e r r i a m , E. P . N i c h o l s , J. L . N o r r i s , F . D . P e i r c e ,
J. F . R u s s e l l , L . A. S a v i l l e , A. E. S c o t t , F . F . S h e r b u r n e , G. W . S p a u l d i n g , I r v i n g S t o n e ,
G. O . W h i t i n g , A. C . W h i t n e y , E . B . W o r t h e n .
Board o f Trustees:
Board o f Investm ent: C . B . D
a v is
J.
,
E. Crone,
G.
O . W h it in g ,
J. L.
N o r r is ,
F.
D . P e ir c e ,
G.
W .
S p a u l d in g .
Auditing Committee:
E . P.
M e r r ia m ,
G. E .
B r ig g s ,
A. C.
W h it n e y .
Deposits draw interest from third Wednesday in January, April, July and October; dividends are
payable the third Wednesday of April and October. Business hours: every day, except Satur
day, 2 to 5 p . m . ; Saturdays, 10 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Street railway bonds
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
.
.
.
.
$58,000
134,000
62,000
12,000
00
00
00
00
$57,520
128,557
58,550
10,740
$266,000 00
00
50
00
00
$255,367 50
130 loans on real estate ( average of each, $ 2 ,7 5 4 .5 8 ) .
.
.
.
.
.
.
15 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 3 0 ,0 0 0 ; assessed value, $27 ,2 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 4 ,8 0 0 )
.
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
Book Value.
$57,775
133,400
60,420
10,576
00
00
00
25
$262,171 25
358,095
53,850
28,800
3,192
440
13,281
5,482
00
00
00
49
00
04
01
Total Assets
$725,311 79
Due depositors on 2,265 accounts, averaging $301.90 each
$683,813 44
Liabilities.
(Accounts opened during year, 2 3 5 ; closed, 1 6 8 ; increase, 67)
Surplus: —
a. Guaranty fund (4 -9 2 % of deposits; increase during year, $1 ,9 5 0 )
b. Profit and loss (.increase during year, $ 56.67)
Current income: —
a. Interest .
.
.
.
.
.
.
$3,250 75
b. Rent
.
.
.
.
.
.
.
150 00
----------------------Less current expenses not charged off
.
.
.
.
School savings system .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
Total Liabilities .
.
.
33,650 00
4,650 34
$3,400 75
317 75
- - ----------- ------.
.
.
.
.
.
3,083 00
115 01
$725,311 79
No. 8.]
BANK COMMISSIONER.
185
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$1,284.65
$1,720.00
$500.00
$11.13
$619.73
$4,135.51
Cost per $1,000 of assets
1.77
2 .37
.69
.01
.85
5.69
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.23
Gross income received during the year, $31,639.71.
Rates on Investments and Loans (Average on All, 4.75% ).
Real estate loans (average rate, 5.12 per cent.): 4)^% , $S,000; 5%, $303,520; 5)^% , $1,850; 6%, $44,725.
Personal loans (average rate, 4.93 per cent.): 4J^%, $10,000; 4M % , $25,000; 5%, $11,500; 6%, $7,350.
Bonds, stocks, etc. (average rate on book values, 4.21 per cent.): 3%, $5,000;
$15,000; 4%, $163,000;
4M % , $55,000; 5%, $28,000.
Number of loans not over $3,000 each, 102, amounting to $160,895.
11 real estate loans made during year, amounting to $23,100.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 2,239, amounting to
.
.
.
.
.
.
..........................................
.
.
.
.
Number of withdrawals during year, 1,595, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$12,265 72
12,804 42
128,292 52
.
$153,362 66
108,625 14
.
$44,737 52
SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
$10,000 Aroostook Northern 5s
5.000 Boston & Maine 4s
25.000 Boston & Maine 4)^s
24.000 C.,B. & Q. 4s
5.000 Concord & Montreal 4s
5.000 Connecticut River 3Hs
5.000 Conn. & Pass. Rivers 4s
10.000 N. Y., N. H. & H. 3}^s
30.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
5.000 Old Colony 4s
Public Funds, Bonds.
$5,000 Massachusetts 3s
10.000 Baltimore, Md., 4s
15.000 Newton 4s
10.000 Lexington 4s
10.000 San Francisco, Cal., 4V<>s
8,000 Kittery, Me. (W. D.), 5s
$ 5 8 ,0 0 0
$134,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
June
21.
* A legal investment when made.
Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston Elevated 4J4s
22.000 Boston & Northern 4s
10.000 Springfield 4s
10.000 Worcester Con. 4)^s*
$62,000
186
REPO RT OF THE
[Pub. Doc.
LOWELL FIVE CENT SAVINGS BANK, LOWELL.
107 M ER R IM AC K STREET.
f Greenhalge Gramm ar School.
Branch Offices: -i Riverside Gram m ar School.
[ Colburn Training School.
Incorporated April 12, 1854.
A u s t in
Number of corporators, 45; number of trustees, 17.
K . C h a d w i c k , President.
C h a r l e s A . R i c h a r d s o n , Treasurer.
L . K n a p p , Clerk o f the Corporation.
Charles
Board of Trustees: C . A . A
C . L. K napp,
J.
bbott
, C.
A. L egare,
G.
E.
B a r t l e t t , A . K . C h a d w ic k , F .
S.
M o t l e y , F r a n k l in
E.
D unbar,
G.
L. H ooper,
N o u rse, F . P . P u tn am , A . C . R u ssell,
J.
C . W . R u sse l l , A . T . Sa f f o r d , W . S. S o u t h w o r t h , S. H . T h o m p so n ,
C . W a d l e ig h , W . F .
W il d e r .
Board of Investm ent: C .
A.
A bbott,
A.
E.
K . C h a d w ic k , F .
D unbar,
G.
L . H ooper,
S.
H . T h o m pso n ,
W . F . W il d e r .
Auditing Committee:
C. A.
A bbott,
C.
L. K napp,
G. S.
M otley.
Deposits draw interest from first Saturday in January, April, July and October; dividends are payable
M onday following first Saturday of January and July. Business hours: 9 a . m . to 1 P .M .; also
Saturdays, from 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$ 120,000 00
850.000
210.000
45,725
100,000
752 loans on real estate (average o f each, $ 4 ,2 2 2 .8 6 ) .
Less amount due on uncompleted loans .
.
.
$118,150
798,375
201,200
92,220
89,500
00
00
00
00
00
00
00
00
00
$1,325,725 00
$1,299,445 00
.
$3,198,316 67
23,100 00
.
.
.
.
.
Book Value.
$118,500
850.000
207.000
47,800
90,000
$1,313,300 00
3,175,216
588,441
60,000
89,858
2,258
59 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 7 0 ,0 0 0 ; assessed value, $9 0 ,9 5 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
00
00
00
00
00
67
17
00
93
05
T otal A s s e t s .......................................... $5,229,074 82
Liabilities.
Due depositors on 20,260 accounts, averaging $236.71 each
.
.
.
.
.
$4,795,666 38
( Accounts opened during year, 4 ,6 1 7 ; closed, 3 ,7 4 1 ; increase, 876)
Surplus: —
a. Guaranty fund (4 -0 2 % o f deposits; increase during year, $ 12,000 )
b. Profit and loss (increase during year, $ 6 ,9 9 3 .6 6 )
. ■ .
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
' b. R e n t ................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
236,000 00
111,690 41
$84,266 33
1,451 70
85,718 03
Total Liabilities
.
. $5,229,074 82
No. 8.]
BANK COMMISSIONER.
187
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$7,858.47 $11,637.39
$1,800.00 $282.10
$3,128.15 $24,706.11
Cost per $1,000 of assets
1.50
2.23
.34
.05
.60
4 .72
Cost pei $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.88
Gross income received during the year, $229,261.27.
Rates on Investments and Loans (Average on All, 4.66% ).
(average rate, 4.86 per cent.): 4%, $11,850; 4 x/i % , $186,000; 4 $ 7 8 8 , 4 5 0 ; 4 % % ,
$6,600; 5%, $2,029,518.33; 5J^%, $82,133.34; 6%, $70,665.
Personal loans (average rate, 4.79 per cent.): 4%, $5,000; 4 J^%, $180,000; 4 % % , $25,000; 4J^%,
$105,930.42; 4M % , $3,400; 5%, $82,360.75; 5b£%. $130,000; 5}^% , $5,150; 6%, $51,600.
Bonds, stocks etc. (average rate on book values, 4.12 per cent.): 3J^%, $270,000; 4%, $840,000; 4J^%,
$170,000; 5%, $7,200; 7%, $3,200; 8%, $30,600; 10%, $3,500.
Real estate loans
Number of loans not over $3,000 each, 607, amounting to $750,075.75.
83 real estate loans made during year, amounting to $497,540.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 41,075, amounting to
.
$84,867 62
87,317 09
1,090,270 87
.
$1,262,455 58
926,858 15
Number of withdrawals during year, 17,235, amounting to
$335,597 43
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$15,000 Massachusetts 3J^s
10.000 Boston 4s
45.000 Chicago, 111., 4s
40.000 Los Angeles, Cal., 4J^s
10.000 Lowell 4s
$120,000
Railroad Bonds.
$50,000 Boston & Albany 3J^S
25.000 Boston & Albany 4s
50.000 Boston & Maine 3Hs
50.000 Boston & Maine 4s
20.000 Boston & Maine 4Ks
50.000 C., B. & Q. 3J^s
85.000 C.,B. &Q. 4s
D ate
of
E xA M tN A T roN ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000 Chic., R. I. & Pac. 4s
85.000 Chic. & North. 4s
40.000 Fitchburg 4s
25.000 Illinois Central 3J^s
50.000 Illinois Central 4s
20.000 Michigan Central 3J^s
25.000 Minn. & Iowa 3Hs
165,000 N. Y., N. H. & H. 4s
25.000 N. Y. C. & H. R. 3J^s
25.000 Norwich & Wore. 4s
25.000 Port. & Ogdens. 4)4>s
10.000 Sioux City and Pac. 3Yis
$850,000
Street Railway Bonds.
$75,000 Boston Elevated 4s
45,000 Boston Elevated 4F£s
April 29, 30 and M ay 1.
* A legal investment when made.
$30,000 Boston & Northern 4s
20.000 West End 4s
40.000 Worcester Con. 4Hs*
$210,000
Bank Stocks.
Shs.
52 Boylston Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
200 Nl. Shawmut Bk., Boston
40 Nl. Union Bk., Boston
25 Second Nl. Bk., Boston
32 State Nl. Bk., Boston
35 Tremont Nl. Bk., Boston
66 Union Nl. Bk., Lowell
20 Wamesit Nl. Bk., Lowell
188
REPO RT OF THE
[Pub. Doc.
LOWELL INSTITUTION FOR SAVINGS, LOWELL.
18 SHATTUCK STREET.
Branch Office: Westford.
Incorporated February 20, 1829.
F r e d e r ic
A.
Number of corporators, 30; number of trustees, 11.
F i s h e r , President.
E dw ard
J oseph
Board o f Trustees:
J.
M ic h a e l C o l l in s ,
C . A b b o t , F r e d e r ic k B a il e y , G e o r g e B o w e r s ,
J. L.
Board o f Investm ent: G
A uditing Committee:
C a r n e y , Treasurer.
J.
A . Cam eron,
C u s h in g , H a r r y D u n l a p , F . A . F is h e r , C . H . H o b s o n ,
eorge
J. L.
B.
L . C u s h i n g , Clerk o f the Corporation.
B o w ers, H a r r y D u n lap, C . H . H obson ,
E.
E.
E. B.
E.
B. Carney,
C arney,
H . S c r ib n e r .
H . S c r ib n e r .
C u s h in g , F r e d e r ic k B a il e y , M ic h a e l C o l l in s .
Deposits draw interest from first Saturday of February, M ay, August and Novem ber; dividends are
payable the M onday after the first Saturday of M ay and November. Business hours: 9 a . m .
to 1 p . m . ; also Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
.
.
.
$414,584
824.000
209.000
59,200
125.000
.
.
20
00
00
00
00
$1,631,784 20
509 loans on real estate (average o f each, $ 8 ,0 9 3 .9 3 ) .
Less amount due on uncompleted loans .
Estimated
Market Value.
Book Value.
$410,991
796,745
195,260
153,975
111,875
$414,305
819,757
201,936
59,200
116,386
76
00
00
00
00
$1,668,846 76
45
50
25
00
25
$1,611,585 45
$4,171,961 26
52,150 00
27 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 5 9 ,9 7 0 ; assessed value, $ 5 9 ,9 7 0 )
Real estate b y foreclosure, etc. (assessed value, $ 2 2 ,7 5 0 ) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
4,119,811
603,084
38,944
13,602
2,503
10,607
98,491
10,707
.
.
.
.
.
.
Total Assets
26
00
67
36
37
30
42
68
$6,507,337 51
Liabilities.
Due depositors on 12,121 accounts, averaging S495.02 each
(Accounts opened during year, 1 ,3 0 6 ; closed, 1 ,2 0 4 ; increase, 102)
Surplus: —
a. Guaranty fund (5 % o f deposits; increase during year, $ 9 ,2 0 0 )
b. Profit and loss (increase during year, $ 2 7 ,3 4 5 .7 6 ) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
Reserved for dividend .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
$6,000,175 40
300,000 00
87,841 22
$3,613 03
68 26
3,544 77
115,776 12
.
Total Liabilities
.
.
. $6,507,337 51
No. 8.]
BANK COMMISSIONER.
189
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$10,271.73
$13,110.88
$866.58
$317.75
Cost per $1,000 of assets
1.58
2.01
.13
.05
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$4,536.88 $29,103.82
.70
4 .4 7
.
.
.
2.76
Gross income received during the year, $284,802.66.
Rates on Investments and Loans (Average on All, 4.66% ).
(average rate, 4.86 per cent.): 3J^%, $114,429.10; 4%, $240,000.02; 4 } 4 % , $206,700;
4 H % , $419,783.34; 4M % . $264,333.34; 5%, $2,415,990.46; 5 H % , $400,800; 6%, $57,775.
Personal loans (average rate, 4.35 per cent.): 4%, $25,000; 4 ] 4 % , $466,100; 4)^% , $46,000; 4% % ,
$25,000; 5%, $15,574; 5J^%- $25,000; 6%, $410.
Bonds, stocks, etc. (average rate on book values, 4.26 per cent.) 3%%, $18,000; 3J^%, $91,260; 3.55%,
$2,000; 3 ^ % , $73,194.20; 3VS% , $4,450; 3%o%. $17,800; 4%, $1,114,500; 4 ^ % , $24,180; 4M % .
$12,000; 4 y 2% , $140,200; 5%, $78,000; 8%, $8,900; 10% $47,300.
Real estate loans
Number of loans not over $3,000 each, 331, amounting to $493,158.27.
77 real estate loans made during year, amounting to $904,050.
Dividends, Deposits and Withdrawals.
Ordinarv dividends declared during year: Nov., 1911, 2%
M ay, 1912, 2 %
Number of deposits during year, 11,421, amounting to
.
.
Number of withdrawals during year, 10,067, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
$112,324 15
.......................................... 114,710 23
.
.
.
.
730,673 52
.
.
.
.
.
.
.
.
.
$957,707 90
780,521 14
$177,186 76
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$6,000 Everett 4s
5.000 Malden 4s
1.000 New Bedford 4s
5.000 Peoria, 111., 4s*
49.000 Pittsfield 4s
10.000 San Francisco, Cal., 4MjS
5.000 Springfield 4s
25.000 Woonsocket, R. I., 4s
1.000 Gorham, N. H., 4s
25.000 Milford 4s
3.000 Bethlehem, N. H.(W.D.), 4s*
9,200 No. Chelmsford (F. D.), 4)^s
4,500 N. Conway, N. H.(W.D.), 4s
Public Funds, Notes.
18,000 Lowell 3^s
91,260 Lowell 3Ms
2,000 Lowell 3.55%
73,194 Lowell 3^s
4,450 Lowell 3J^s
17,800 Lowell 3.90%
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16,000 Lowell 4s
24,180 Lowell 4}ia
12,000 Lowell 4)^s
7,000 Draeut 4s
$414,584
Railroad Bonds.
$49,000 Atch., Top. & Santa F6 4s
40.000 Bangor & Aroostook 5s
50.000 Boston & Lowell 4s
29.000 Boston & Maine 4s
58.000 Boston & Maine 4)^s
25.000 Boston & N. Y. Air L. 4s
100.000 C., B. & Q. 4s
100.000 Chic. & North. 4s
35.000 Chic., R. I. & Pac. 4s
2,000 Concord & Clare. 4J^s
10.000 Conn. & Pass. Rivers 4s
20.000 Delaware & Hudson 4s
27.000 Fitchburg 4s
25.000 Fitchburg 4}^s
April 11, 12, 13, 15, 16.
* Legal investments when made.
$15,000 Illinois Central 4s
18.000 Louisville & Nashville 4s
10.000 New England 4s
150,000 N. Y .,N .H .& H .4s
35.000 No. Maine Seaport 5s
11.000 Port. & Ogdens. 4}^8l
15.000 Wore., Nash. & Roch. 4s
$824,000
Street Railway Bonds.
$50,000 Boston Elevated 4s
25.000 Boston Elevated 4b£s
102,000 Boston & Northern 4s
32.000 West End 4s
$209,000
Bank Stocks.
Shs.
473 Second Nl. Bk., Boston
30 Old Lowell Nl.Bk., Lowell
89 Union Nl. Bk., Lowell
REPORT OF THE
190
[Pub. Doc.
LUDLOW SAVINGS BANK, LUDLOW.
EAST STREET.
Incorporated February 23, 1888.
S id n e y
Number of corporators, 55; number of trustees, 23.
S t e v e n s , President.
G eorge
F b a n k N.
Board o f Trustees:
W . S.
A . B i b n i e , Treasurer.
M o o k e , Clerk o f the Corporation.
G. A. B i b n i e , H. M . B l i s s , C. S. B r o w n i n g , B. F. B u r r , F. L. B u b b , H. I. C a r v e r ,
E . E. F u l l e r , C. W . G o w e n , G. D . G b e e n , C. P. J o n e s , R o b e r t K y l e , M . H.
M o o r e , H. W . M o r r i l l , A. S. P a c k a r d , J a m e s P a t t e r s o n , C. E. Q u i n b y , H. S.
l e x a n d e r R u x t o n , J. F. S h e a , S i d n e y S t e v e n s , F. A. T o w n e .
C olw ell,
L yons,
F. N .
R eynolds, A
Board o f Investm ent: S i d n e y S t e v e n s ,
A uditing Comm ittee:
F. N.
M oore,
G. D .
C. W .
G reen,
G ow en,
M . H.
H. W .
E . E.
L yons,
M o r r il l ,
F uller,
C. E.
W . S.
C olw ell.
Q u in b y .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 10 a . m . to 12 m . ; 1 to 3 p . m . ; also Wednesdays and
Fridays, 7.30 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$55,100
80,000
8,100
1,000
11,000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
00
00
00
00
00
$55,020
71,225
8,352
1,150
9,845
$155,200 00
00
00
00
00
00
$145,592 00
$55,494
78,013
8,672
1,100
10,087
40
54
98
00
50
$153,368 42
384,325
5,532
80,403
1,453
206 loans on real estate (average o f each, $ 1 ,8 6 5 .6 6 )
11 loans on personal security
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
Total Assets
Book Value.
00
00
93
91
.
.
.
.
.
$625,083 26
.
.
.
.
.
$604,271 16
Liabilities.
Due depositors on 2,072 accounts, averaging $291.63 each
{Accounts opened during year, 5 1 0 ; closed, 4-02; increase, 1 0 8 )
Surplus: —
a. Guaranty fund {2 .1 3 % o f deposits; increase during year, $ 1 ,4 5 9 .7 0 ) .
b. Profit and loss {increase during year, 8 2 ,8 8 2 .6 8 )
.
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$717 95
b. Miscellaneous, .
.
.
.
.
.
1 36
----------------------$719 31
Less current expenses not charged off
.
.
.
.
137 53
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12,842 25
7,388 07
581 78
Total Liabilities
.
.
.
.
.
$625,083 26
No. 8.]
BANK COMMISSIONER.
191
T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Am ount paid for
$734.53 $1,020 00
$238.00
$44.55
$508.49
Cost per $1,000 of assets
1.17
1.63
.38
.07
.81
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$2,545.57
4 .0 6
2.51
Gross income received during the year, $27,746.71.
Rates on Investments and Loans (Average on All, 4.81% ).
Real estate loans
(average rate, 5.03 per cent.): 4 Y i% , $35,000; 5%, $317,496; 5 } 4 % , $7,707.50; 6%,
$24,121.50.
Personal loans (average rate, 5.63 per cent.): 5%, $1,532; 5J^%, $1,000; 6%, $3,000.
B onds, stocks etc. (average rate on book values, 4.23 per cent.): 3Jdi%, $60,000; 4%, $38,000;
5%, $57,200.
Number of loans not over $3,000 each, 172, amounting to $180,057.
35 real estate loans made during year, amounting to $76,075.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 3,525, amounting to
$10,553 53
10,835 28
191,898 70
Number of withdrawals during year, 1,781, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$213,287 51
159,922 66
$53,364 85
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$11,000 Athol 4s
6.000 Clinton 4s
$5,000 C., B. & Q. 3V2s
5.000 Chic., Mil. & St. P. 3V2s
10.000 Fitchburg 3}4 b
15.000 Illinois Central 3J^s
15.000 N. Y. C. & H. R. 3J^s
5.000 N. Y., N. H. & H. 3J^s
10.000 No. Maine Seaport 5s
5.000 Washington Co. 3}4s
Public Funds, Notes.
38,100 Ludlow 5s
$55,100
$80,000
Railroad Bonds.
$5,000 Boston & Albany 4s
5.000 Boston & N. Y. Air L. 4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
June
3.
Street Railway Bonds.
$6,100 Holyoke 5s
2,000 Lynn & Boston 5s
$8,100
Bank Stocks.
Shs.
10 City Nl. Bk., Holyoke
192
REPO RT OF THE
[Pub. Doc.
LYNN FIVE CENTS SAVINGS BANK, LYNN.
112 M ARKET STREET.
Incorporated M ay 15, 1855.
R o l l in
E.
Number of corporators, 76; number of trustees, 28.
E.
H a b m o n , President.
H enry
C h a r l e s H . I n g a l l s , Clerk o f the Corporation.
N e w h a l l , Treasurer.
b o r n , H. H. A t h e r t o n , G . R . B e a r d s e l l , A . J . B l o o d , C . O . B r e e d ,
H . W . B r e e d , M . P . C l o u g h , E. V . F r e n c h , C . S. G r o v e r , R . E. H a r m o n , C . E. H a r w o o d ,
W . S. H i x o n , S. J . H o l l i s , C. H . I n g a l l s , W . G . K e e n e , N. W . K i m b a l l , J . W . K i m b a l l ,
T . A . K e l l e y , T . B . K n i g h t , J . M . M a r s h , H . E. N e w h a l l , J . S. N e w h a l l , T . P . N i c h o l s ,
F . S. P e v e a r , H. A . P e v e a r , C . E. R o l e e , H . F . T a p l e y , J o h n W o o d b u r y .
Board o f Trustees: F . P . A
Board o f Investm ent: R .
E.
Auditing Comm ittee: F .
S.
H arm on,
S.
S.
J. H o l l is , J o h n W o o d b u r y , J.
N ew hall, H . A . P evear.
P e v e a r , J o h n W o o d b u r y , C . O . B r e e d , J. M .
M a r s h , T . P . N ic h o l s .
Deposits draw interest from first day of January, April, July and October, if received not later than
the last day of the month preceding these dates; dividends are payable January 1 and July 1.
Business hours: 9 a . m . to 1 p . m . ; also Saturdays, from 3 to 6 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
750 loans on real estate (.average o f each, $ 2 ,5 3 1 .8 0 ) .
Less amount due on uncompleted loans .
.
$1,742,134
1,179,000
540,500
3,805
135,000
2,500
81
00
00
00
00
00
$1,748,988
1,104,060
542,960
2,073
120,825
54
00
00
00
00
$3,602,939 81
$3,518,906 54
.
$1,938,424 29
39,569 87
.
.
.
.
.
Book Value.
$1,730,740
1,131,887
538,420
1,605
124,656
$3,527,308 54
1,898,854
1,546,788
33,639
1,258
17
49,717
19,035
62 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 4 ,0 0 0 ; assessed value, $ 3 8 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
28
01
00
00
25
42
00
79
32
25
35
65
. $7,076,619 32
Liabilities.
Due depositors on 29,346 accounts, averaging $217,24 each
.
.
.
.
.
$6,375,349 70
{Accounts opened during year, 5 ,4 5 3 ; closed, 5 ,0 0 4 ; increase, 449)
Surplus: —
a. Guaranty fund {4 .9 6 % o f deposits; increase during year, $ 1 1 ,7 5 0 )
h. Profit and loss {increase during year, $ IS ,0 0 6 .0 3 ) .
.
.
.
Current income: —
а. Interest .
.
.
.
.
.
.
$86,955 36
б. Rent
.
.
.
.
.
.
.
285 34
--------- ------------Less current expenses not charged off
.
.
.
.
.
.
316,250 00
305,328 16
$87,240 70
7,581 72
79,658 98
32 48
Real estate b y foreclosure
Total Liabilities
.
.
.
.
.
$7,076,619 32
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$15,290.72 $15,417.24 $2,093.00
$4,926.86 $37,727.82
Cost per $1,000 of assets
2 .16
2 .17
.29
.69
5.31
2.86
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $308,583.62.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
193
Rates on Investments and Loans (Average on All, 4.54% ).
Real estate loans (average rate, 5.31 per cent.): 5%, $858,778.57; 5)^% , $888,499.96; 6%, $151,575.89.
Personal loans (average rate, 4.48 per cent.): 4%, $225,000; V/s°7o, $25,000; 4J^%, $445,000; 4 % % ,
$153,000; 4 K % , $382,000; & /8% , $15,000; 4M % , $72,500; 5%, $110,000; 5M % . $10,000; 5 ^ % ,
$11,900; 5M %, $30,000; 6%, $67,388.
(average rate on book values, 4.16 per cent.): 3%, $20,000; 3H % . $715,800; 3 % % ,
$47,000; 4%, $1,911,334.81; 4M % . $34,000; 4 y 2% , $521,000; 5%, $301,900; 6%, $47,000; 7%,
B onds, stocks, etc.
$ 200 .
Number of loans not over $3,000 each, 586, amounting to $783,057.29.
122 real estate loans made during year, amounting to $353,565.
Dividends, Deposits and Withdrawals
$114,874 42
117,777 40
1,689,694 36
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 53,009, amounting to
$1,922,346 18
1,670,622 46
Number of withdrawals during year, 34,083, amounting to
$251,723 72
N et increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$211,000 Massachusetts 3% s
36.000 Allegheny, Pa., 4s
6.000 Beverly 4s
15.000 Boston 3>£s
220,000 Boston 4s
43.000 Cambridge 4s
12.000 Chelsea 3>£s
32.000 Chelsea 4s
5.000 Chicago, 111., 4J^s
20.000 Chicopee 4s
30.000 Everett 4s
20.000 Fall River 3)^s
5.000 Fall River 4s
4.000 Gloucester 4s
5.000 Holyoke V /&
30.000 Holyoke 4s
10.000 Kansas City, Mo., 4s
15.000 Los Angeles, Cal., 4)^s
3.000 Lynn 3)^s
17.000 Lynn 4s
9.000 Malden 4s
8.000 Melrose 4s
1.000 Nashua, N. H., 4s
48.000 New Bedford 4s
10.000 Norwich, Conn., 3)^s
3.000 Newton 4s
10.000 Omaha, Neb., 4)^s
5.000 Quincy 4s
6.000 Quincy 4J^s
10.000 Saginaw, Mich., 4s*
10.000 San Francisco, Cal., 5s
25.000 Sioux City, la., 4)^s
5.000 Somerville 4s
8.000 Springfield 3J^s
42.000 Superior, Wis., 4Mis
3.000 South Bend, Ind., 4s
10.000 Syracuse, N. Y., 4)^s
10.000 Troy, N. Y., 4s
10.000 Taunton 4s
5.000 Woonsocket, R. I., 4)^s
5.000 Youngstown, O., 5s
2.000 Ashland 4s
54.800 Attleborough 4s
10.000 Amesbury 4s
45.000 Danvers 4s
28.000 Greenfield 4s
15.000 Hadley 4s
35.800 Holbrook 4s
20.000 Hyde Park 4s
8,850 Longmeadow 4s
10.000 Marshfield 4s
6.000 Maynard 4s
5.000 Middleboro’ 4s
D ate
op
E x a m in a t io n ,
$16,000 Peabody 4s
1.800 Plymouth 3Ks
20.000 Revere 4s
4.800 Russell 4s
5.000 Reading 4s
11.000 South Hadley 4s
11,400 Tisbury 4s
9,225 Watertown 4s
5.000 Wellesley 4s
22.000 Westfield 4s
25.000 West Groton 4s
4.000 Whitman 4s
25.000 Augusta, Me. (W. D.), 4s
9.000 Blandford (F. D.) 4s
28.000 Deerfield (F. D.) 4s
5,250 Greenfield (F. D.) 4s
30.000 Kennebec, Me. (W.D.),3Ms
25.000 Kittery, Me. (W. D.), 5s
6.000 So. Hadley (F. D.) 4s
Public Funds, Notes.
5.000 Plymouth Co. 4s
5.000 Plymouth Co. 4)^s
20.000 S. Portland, Me., 4^s
32.000 Barnstable 4s
9.000 Billerica 4Ms
10.000 Brookfield 4s
4.000 Canton 4s
5.000 Chicopee 4s
15.000 Chicopee 4J^s
16.000 Easthampton 3 % b
4.000 East Longmeadow 3%s
8.500 Great Barrington 4s
12,700 Hull 4s
12.000 Ipswich 4s
4,200 Merrimac 4s
2.500 Norwood 4s
20.000 Revere 4s
3.000 Salisbury 4s
27.000 Swampscott 3J4s
9,409 Winthrop 4s
20,900 Walpole 4s
5.000 Ware 4s
$1,742,134
Railroad Bonds.
$15,000 Aroostook Northern 5s
42.000 Atch., Top. & Santa Fe 4s
149,000 Baltimore & Ohio 3V£s
88.000 Bangor & Aroostook 5s
15.000 Boston & Albany 4s
25.000 Boston & Lowell 4s
$1,179,000
Street Railway Bonds.
$10,000 Boston Elevated 4s
276,000 Boston Elevated 4J^s
25.000 Boston & Northern 4s
31,500 Holyoke 5s
5.000 Lowell, Law. & Hav. 5s
78.000 Lynn & Boston 5s
5.000 Union S. Railway 5s
5.000 Wakefield & Stoneham(5s
34.000 West End 4s
68.000 West End 4)^s
3.000 Western Mass. 5s
$540,500
Bank Stocks.
Shs.
14 Boylston Nl. Bk., Boston
63 Tremont Nl. Bk., Boston
2 State Nl. Bk., Boston
July 15, 16, 17.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
§2,000 B. & N. Y. Air Line 4s
8,000 B., R. B. & Lynn 4V£s
38,000 Burl. & Mo. River 6s
5.000 Boston & Maine 3pis
13.000 Boston & Maine 4s
2.000 Boston & Maine 4)^s
90.000 C..B.&Q.3A&
22.000 C., B. & Q. 4s
5.000 Chic., Mil. & St. Paul 5s
10.000 Chic. & Northw. 4s
20.000 Chic. & Northwest. 5sfy
9.000 Chic. & Northw. 6s
3.000 Conn. River 3}4 b
5.000 Chic., R. I. & Pac. 4s
5.000 Concord & Montreal 4s
63.000 Fitchburg 4s
4.000 Fitchburg 4)^s
5.000 Great Northern 4J4s
20.000 Illinois Central 3s
50.000 Illinois Central 3}^s
20.000 Illinois Central 4s
25.000 Louisville & Nashville 4s
5.000 Maine Central 5s
25.000 Michigan Central 4s
20.000 N. Y. C. & Hud. R. 3^s
83.000 N. Y „ N. H. & H. 3^s
244,000 N. Y „ N. H. & H. 4s
5.000 Port. & Ogdens. 4V£s
19.000 Upper Coos 4s
20.000 Vermont Valley 4)^8
t $10,000 a legal investment when made.
194
REPO RT OF THE
[Pub. Doc.
LYNN INSTITUTION FOR SAVINGS, LYNN.
25 EXCHANGE STREET.
Incorporated June 20, 1826.
C h akles
Number of corporators, 57 ; number of trustees, 30.
S . P u b i n t o n , President.
Jo seph
Board o f Trustees: J . M . B
arby
F r e d e b ic k
D . A.
L . B u b i e r , Treasurer.
H e a l e y , Clerk o f the Corporation.
, J. S. B a b t l e t t , A . F . B b e e d , C . N . B b e e d , G . H . B r e e d , G . W .
B r e e d , W . M . B r e e d , F . L . B u b i e b , H . P . B t j r r il l , C . A . C o l l i n s , W . C . F i s h , J . F . H a n n a n ,
C.
H.
H a s t in g s , J.
A.
D.
H e a le y , Jerom e
I n galls, B .
N . J o h n so n , L . S. J o h n so n , W . W .
J o h n s o n , F . W . K im b a l l , C . I . L in d s e y , J. P . M a r t in , J. B . N e w h a l l , C . B . O l iv e r , B . F .
P e a c h , A.
Spragu e.
W.
P in k h a m , C .
Board o f Investm ent: C . S . P
A u d itin g Comm ittee:
J. F.
S.
P u b in t o n , B . F . S p in n e y , F . C . S p in n e y ,
u b in t o n
H annan,
G. E.
Spragu e, H . B .
, B . F . S p in n e y , L . S. J o h n so n .
G. W .
B reed,
C. A.
C o l l in s .
Deposits draw interest from first day of February, M ay, August and November; dividends are pay
able M a y 15 and November 15. Business hours: 8.30 a . m . to 1 p . m . ; also Saturdays, 2.30 to
5.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
$653,000
1,575,500
205.000
100,300
80,000
143.000
909 loans on real estate (average o f each, $ 3 ,2 8 7 .5 5 ) .
Less amount due on uncompleted loans .
.
.
00
00
00
00
00
00
$653,413
1,616,977
198,675
211,135
76,800
127,985
00
50
00
00
00
00
$2,756,800 00
$2,884,985 50
.
$3,009,115 00
20,728 51
.
.
.
.
.
.
.
.
.
.
00
25
00
00
00
00
$2,723,431 25
2,988,386
1,882,477
40,000
107,027
47,875
80 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 6 0 ,0 0 0 ; assessed value, $ 3 4 ,5 0 0 )
Deposits in national banks or trust companies
Cash,
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
Book Value.
$645,800
1,560,861
203,550
100,300
80,000
132,920
49
00
00
18
44
$7,789,197 36
Liabilities.
Due depositors on 17,799 accounts, averaging $394.98 each
$7,030,297 17
( Accounts opened during year, 2 ,4 4 3 ; closed, 1 ,9 5 8 ; increase, 485)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $1 6 ,5 0 0 )
b. Profit and loss (increase during year, $ 2 4 ,2 7 3 .5 7 ) .
Reserved for dividend .
.
.
.
.
.
.
.
.
Suspense account,
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
351,500
273,400
133,000
1,000
.
00
19
00
00
$7,789,197 36
195
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$17,056.97
$14,003.83
$2,500.00 $314.10
$2,961.47
$36,836.37
Cost per $1,000 of assets
2.19
1.80
.32
.04
.38
4 .7 3
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.22
Gross income received during the year, $348,302.88.
Rates on Investments and Loans (Average on All, 4.73% ).
{average rate, 5.06 per cent.): 4)£% , $45,500; 4)£% , $143,850; 5%, $2,358,927;
5 % 0%. $2,850; 5 ^ % , $289,908.49; 6%, $147,351.
Personal loans (average rate, 4.43 per cent.): 4%, $250,000; 4Jdi%, $100,000; 4)4% , $888,925; 4^g%,
$115,000; 4 M % , $171,850; 5%, $78,992; 5)£% , $174,410; 5)4% . $102,200; 6%, $1,100.
Bonds, stocks, etc. (average rate on book values, 4.56 per cent.): 3J4%> $588,800; 3.60%, $6,500; 3)4% .
$14,000; 4%, $1,172,700; 4)4% . $25,000; 4)4% , $218,500; 5%, $229,000; 6%, $293,000; 7%,
$109,000; 8%, $80,300; 10%, $20,000.
Real estate loans
Number of loans not over $3,000 each, 667, amounting to $1,117,967.
149 real estate loans made during year, amounting to $573,290.49.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
.
.
.
.
.
M ay, 1 9 1 2 , 2 % ..........................................
Number of deposits during year, 24,946, amounting to
.
.
.
.
.
Number of withdrawals during year, 18,505, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
$1,654,751 32
1,342,422 13
.
.
$126,321 78
129,900 95
1,398,528 59
.
$312,329 19
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Massachusetts 3)4s
110,000 Boston 4s
9.000 Brockton 4s
50.000 Chicago, 111., 4s
61.000 Fall River 4s
14.000 Gloucester 4s
61,500 Lynn 4s
15.000 Middletown, Ct., 3)4s
4.000 Newton 4s
8.000 Racine, Wis., 4s
15.000 Clinton 4s
25.000 Cumberland, R. I., 4s
23.000 Medway 4s
16.000 Revere 4s
5.000 So. Abington 4s
Public Funds, Notes.
1,200 Everett 4s
1.000 Saugus 4s
13,800 Swampscott 3)4s
6,500 Swampscott 3.60%
14.000 Swampscott 3%s
$653,000
Railroad Bonds.
$75,000 Baltimore & Ohio 3)4s
29,000 Bangor & Aroostook 5s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000 Boston & Albany 3)4s
25.000 Boston & Albany 4s
30.000 Boston & Maine 4s
48.000 Boston & Maine 4}4s
20.000 Boston & Providence 4s
26.000 Burl. & Mo. R. 6s
6.000 Cedar R. & Mo. R. 7s
145.000 C., B. & Q. 4s
20.000 Chic., Mil. & St. P. 6s
30.000 Chic. & Northw. 3J^s
20.000 Chic. & Northw. 4s
45.000 Chic., St. P., M. & 0. 6s
13.000 Cleveland & Pitts. 4)^s
35.000 Concord & Montreal 4s
25.000 Erie & Pittsburgh 3)^s
5.000 Fitchburg 4s
113.000 Fremont, Elk. & Mo. V. 6s
25.000 Holyoke & Westfield 4)£s
25.000 Housatonic 5s
15.000 Illinois Central 4s
25.000 Kal., Alle. & Gr. R. 5s
25.000 Maine Central 5s
90.000 Michigan Central 5s
89.000 Mil., L. S. & West. 6s
25.000 New England 5s
50.000 N. Y. C. & H. R. 3)^s
50.000 N. Y. & N. E. 4s
25.000 N. Y., N. H. & H. 3)&
125.000 N. Y „ N. H. & H. 4s
77.000 Northwestern Union 7s
June 19, 20.
$25,000 Peoria & Northw. 3)^s
50.000 Port. & Ogdens. 4)^s
22,500 Ports., Gt. Falls & C. 4)&
10.000 St. J. & L. C. 5s
36.000 St. P., Minn. & Man. 4s
15.000 Troy & Boston 7s
11.000 Winona & St. Peter 7s
$1,575,500
Street Railway Bonds.
$50,000 Boston Elevated 4s
85.000 Boston Elevated 4)^s
20.000 Boston & Northern 4s
50.000 West End 4s
$205,000
Bank Stocks.
Shs.
100 Nl. Rockland Bk., Boston
223 Nl. Shawmut Bk., Boston
92 Nl. Union Bk., Boston
75 Second Nl. Bk., Boston
200 Central Nl. Bk., Lynn
213 Nl. City Bk., Lynn
100 Essex Trust Co., Lynn
[Pub. Doc.
REPO RT OF THE
196
MALDEN SAVINGS BANK, MALDEN.
48 PLEASANT STREET.
Incorporated April 2, 1860.
D a n ie l
P.
W i s e , President.
Number of corporators, 56; number of trustees, 17.
F b a n c is
M a e c t j s B u t l e r , Clerk o f the Corporation.
A.
S h o v e , Treasurer.
F. B i c k f o r d , A. J . C h a s e , G. H. C h a s e , H e r b e r t D a m o n , G. H. G r a v e s ,
H. H a s t i n g s , J. P. H o l d e n , F. N. J o s l i n , E . P. K i m b a l l , R. R . R o b i n s o n , F. M . S a w t e l l ,
F. A. S h o v e , E . J . S t e v e n s , E d w i n T r o l a n d , A. W . W a l k e r , J o s e p h W i g g i n , D . P. W i s e .
Board o f Trustees: E .
W .
Board o f Investm ent:
A. J.
Auditing C om m ittee:
E. F.
C h ase,
E. J.
B ic k f o r d ,
S t e v e n s , J. P. H o l d e n , J o s e p h W i g g i n , D .
J o s l in .
J. P.
H olden,
E. P.
P.
W is e ,
F. N.
K im b a l l .
Deposits draw interest from second Wednesday of January, April, July and October; dividends are
payable the second Wednesday of April and October. Business hours: 8.30 a . m . to 1 p . m . ; also
Saturdays, for deposits o n l y , 7 to 8.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
$1,104,190
960.000
289.000
24,300
25.000
75.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
00
00
00
00
00
00
$2,477,490 00
00
00
00
00
00
00
$2,462,235 00
$3,649,118 00
3,858 17
---------------------.
1,469 loans on real estate (average o f each, $ 2 ,4 8 1 .4 6 )
Less amount due on uncompleted loans .
44 loans on personal security
.
. _ .
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Total Assets
$1,096,960
905,225
287,035
81,890
24,000
67,125
Book Value.
.
.
.
.
.
$1,100,922
934,150
288,300
24,300
25,000
68,975
00
00
00
00
00
00
$2,441,647 00
3,645,259
1,177,100
64,758
1,300
83
00
18
21
$7,330,065 22
Liabilities.
.
Due depositors on 19,368 accounts, averaging $350.58 each
$6,790,008 19
(Accounts opened during year, 2 ,7 4 4 ! closed, 2 ,1 0 5 ; increase, 639)
Surplus: —
a. Guaranty fund (4 .0 8 % o f deposits; increase during year, $ 1 7 ,0 0 0 )
b. Profit and loss (increase during year, $ 9 ,3 4 8 .6 3 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
274,000 00
256,306 79
$11,420 13
1,669 89
-----------------
9,750 24
T otal L ia b ilitie s .......................................... $7,330,065 22
Total Expenses for th e Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
$2,228.36 $28,647.16
Amount paid for
$12,096.21 $11,950.33
$2,010.98
$361.28
.30
3.90
Cost per $1,000 of assets
1.65
1.63
.27
.05
1.98
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $331,492.03.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
197
BANK COMMISSIONER.
No. 8.
Rates on Investments and Loans (Average on All, 4.69% ).
(average rate, 5.20 per cent.): 4)4% , $110,000; 434%. $76,050; 4M % , $15,000; 5%,
$2,359,082; 534%. $477,241.83; 6%, $607,886.
Personal loans (average rate, 4.35 per cent.): 4%, $125,000; 4)4%, $66,000; 4)4% , $499,000; 4 % % ,
$230,000; 4)4% , $185,000; 5M % , $50,000; 534%, $8,800; 6%, $13,300.
B on d s , slocks, etc. (average rate on book values, 4.09 per cent.): 3%, $14,000; 3)4%, $25,000; 3)4% ,
$582,000; 3M %, $33,000; 3.80%, $7,000; 3.85%, $5,000; 4%, $1,431,190; 4)4% , $25,000; 4)4% ,
$221,000; 5%, $111,000; 6%, $1,300; 7%, $2,200; 10%, $6,000; 12%, $7,000; 16%, $6,800.
Real estate loans
Number of loans not over $3,000 each, 1,172, amounting to $1,916,573.
177 real estate loans made during year, amounting to $393,405.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 29,118, amounting to
$123,353 61
127,502 75
1,317,821 30
Number of withdrawals during year, 19,734, amounting to
$1,568,677 66
1,181,553 66
Net increase in amount due depositors
.
.
.
. '
$387,124 00
.
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Massachusetts 3)4s
29.000 Essex Co. 4s
30.000 Hampden Co. 4s
5.000 Augusta, Me., 4s
16.000 Beverly 4s
61.000 Boston 4s
7.000 Brockton 4s
16.000 Cambridge 4s
10.000 Dubuque, la., 4s
34.000 Fall River 4s
4.000 Gloucester 4s
4.000 Gr. Bapids, Mich., 4)4s
20.000 Holyoke 4s
20.000 Lawrence 4s
16,440 Lowell 4s
19.000 Lynn 4s
52.000 Malden 3J4s
43,200 Malden 4s
15.000 Minneapolis, Minn., 4s
1.000 Nashua, N. H., 4s
25.000 New Bedford 4s
15.000 New Haven, Ct., 4s
12.000 New London, Ct., 4s
10.000 Newton 4s
10.000 Pittsburgh, Pa., 4s
10.000 Quincy 334s
7.000 Saginaw, Mich., 4s*
1.000 Salem 4s
19.000 Somerville 4s
15.000 Troy, N. Y., 4s
5.000 Troy, N. Y „ 4)4s
6.000 Waltham 4s
10.000 Waterbury, Ct., 4s
20.000 Woonsocket, B. L, 434s
40.000 Worcester 334s
3.000 Andover 4s
3.000 Attleborough 4s
1.000 Boothbay Harbor, Me., 4s
10.000 Bourne 4s
9,800 Clinton 4s
10.000 Eastport, Me., 4s
2.000 Ipswich 4s
3.000 Leominster 4s
10.000 Marlborough 4s
15.000 Meriden, Ct., 4s
10.000 Methuen 4s
7.000 Newmarket, N. H., 3)4s
27.000 Norwich, Ct., 334s
D ate
of
E x a m in a t io n ,
$10,000 Old Orchard, Me., 4s
20.000 Plymouth 4s
14.000 Revere 334s
9.000 Revere 4s
9.000 Rockport 4s
7.000 Sharon 4s
2.000 Stoughton 4s
25.000 Winthrop 3)4s
10.000 Wrentham 4s
Public Funds, Notes.
25.000 Norfolk Co. 334s
8.000 Everett 4s
5.000 Brookfield 3)£s
6.000 Concord 4s
10.000 Concord 434s
2.500 Dedham 4s
41.000 Easthampton 4s
7.000 Essex 3.80%
24,750 Hull 4s
7.000 Ipswich 4s
15.000 Natick 3J4s
5.000 Needham 3.85%
5.000 Oak Bluffs 4s
3.000 Randolph 3%a
10.000 Revere 3)4s
5.000 Saugus 4)4s
20.000 Wakefield 4s
10.500 Ware 4s
20.000 Watertown 334s
$1,104,190
Railroad Bonds.
$25,000 Baltimore & Ohio 3}4s
15.000 Bangor & Aroostook 5s
22.000 Beech Creek 4s
109,000 Boston & Albany 4s
5,000 Boston & Lowell 3J4s
94.000 Boston & Lowell 4s
14.000 Boston & Maine 3s
23.000 Boston & Maine 4s
20.000 Boston & Maine 4)4s
12.000 Boyer Valley 3}4s
50.000 C., B. & Q. 3J4s
14.000 C.,B. &Q. 4s
20.000 Ch„ Mil. & St. Paul 5s
25.000 Chic. & Northw. 4s
$960,000
Street Railway Bonds.
$25,000 Boston Elevated 4s
4.000 East Middlesex 4s
5.000 Holyoke 5s
20.000 Leominster, Sh. & Ayer 5s
50.000 Lynn & Boston 5s
97.000 West End 4s
58.000 West End 4J4s
30.000 Worcester Con. 4}4s*
$289,000
Bank Stocks.
Shs.
15 Fourth-Atlantic Nl. Bk., Boston
70 First Nl. Bk., Boston
30 Merchants Nl. Bk., Boston
13 Nl. Bk. of Commerce, Boston
5 Nl. Rockland Bk., Boston
25 Nl. Shawmut Bk., Boston
10 Old Boston Nl. Bk., Boston
7 State Nl. Bk., Boston
68 First Nl. Bk., Malden
M ay 15, 16.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$14,000 Concord & Claremont 4J4s
30.000 Concord & Montreal 4s
2.000 Conn. River 4s
15.000 Danbury & Norwalk 4s
24.000 Fitchburg 3J4s
24.000 Fitchburg 4s
2.000 Fitchburg 434s
25.000 Gt. Northern 4)4s
31.000 Illinois Central 3)4s
20.000 Illinois Central 4s f
15.000 Michigan Central 334s
60.000 N. Y. C. & H. R. 334s
50.000 N. Y „ N. H. & H. 3)is
75.000 N. Y „ N. H. & H. 4s
15.000 Old Colony 3)4s
10.000 Old Colony 4s
25.000 Peoria & Northw. 3)4s
5.000 Peterboro & Hills. 4J4s
25.000 Port. & Ogdens. 434s
20.000 Vermont Valley 4)4s
25.000 Wore., Nash. & R. 4s
f N ot now a legal investment.
198
REPO RT OF THE
[Pub. Doc.
MARBLEHEAD SAVINGS BANK, MARBLEHEAD.
154 W ASHINGTON STREET.
Incorporated M arch 18, 1871.
John
L.
Number of corporators, 69; number of trustees, 19.
G i l b e b t , President.
W il l ia m
John
Board o f Trustees: R . C . B
F. P. H ammond,
b id g e
W . L.
F.
N u t t i n g , Treasurer.
G . B b o u g h t o n , Clerk o f the Corporation.
, J.
G.
H oopeb,
B boughton,
W.
W. A . B e o w n , F b a n k C o l e , J. L . G il b e b t ,
Jr., W . F . N u t t i n g , E v e b e t t P a i n e , J. D .
J. D. S u l l i v a n , H. S . S w e t l a n d , E . D .
B . M e b b it t ,
P a i n e , T . W . P a i n e , L. H. P h i l l i p s , G i b d l e b S t a c e y ,
T u t t , R i c h a b d T u t t , J. S . W o b m s t e a d .
Board o f Investm ent: J .
Auditing Comm ittee:
L.
J. L.
G il b e b t , E v e b e t t P a in e ,
G il b e b t ,
J.
D . S u l l iv a n ,
W . L.
J.
H oopeb,
F. P. H ammond,
W.
A . B eow n.
G . B boughton.
Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay
able M ay 1 and N ovember 1. Business hours: 8.30 a . m . to 1 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$135,000
23.000
28.000
7,464
6,000
12,913
00
00
00
00
00
45
$135,678
21,812
27,945
4,419
5,370
9,073
$212,377 45
93 loans on real estate (average o f each, $ 2 ,0 9 7 .4 7 ) .
6 loans on personal security
.
.
.
.
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$204,298 07
.
.
.
.
.
.
.
.
12
50
00
00
00
45
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$136,662
21,527
28,218
3,800
5,460
6,913
75
50
30
00
00
45
$202,582 00
195,065
46,500
1,667
21,650
3,277
00
00
25
91
59
Total Assets
$470,742 75
Due depositors on 1,734 accounts, averaging $254.96 each
$442,115 32
Liabilities.
{Accounts opened during year, 2 0 4 ; closed, 1 2 7 ; increase, 77)
Surplus: —
a. Guaranty fund {4 .3 0 % o f deposits; increase during year, $ 1 ,0 4 6 .9 0 )
b. Profit and loss {increase during year, $ 1 ,8 7 0 .3 0 )
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
19,023 90
9,603 53
$470,742 75
199
BAN K COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$723.08
$800.00
$100.00
$110.50
$395.06
Cost per $1,000 of assets
1.53
1.70
.21
.23
.84
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$2,128.64
4.51
2.77
Gross income received during the year, $19,810.46.
Rates on Investments and Loans (Average on All, 4.71%).
Real estate loans
(,average rate, 5.15 per cent.):
4J^%, $3,500;
5%, $158,110;
5J^%, $3,950; 6% ,
$29,505.
(average rate, 5.03 per cent.): 4)4% , $5,000; 4 V2% , $10,000; 5%, $13,700; 5J^%,
$15,000; 6%, $2,800.
(average rate on book values, 4.21 per cent.): 3J^%, $13,000; 3.85%, $10,000; 4% ,
$145,000; 4 ) i % , $12,000; 5%, $24,000; 6%, $3,800.
Personal loans
Bonds, stocks, etc,
Number of loans not over $3,000 each, 83, amounting to $98,265.
17 real estate loans made during year, amounting to $56,185.
Dividends, Deposits and Withdrawals.
$7,575 95
7,990 89
94,775 75
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912,2%
Number of deposits during year, 1,336, amounting to
Number of withdrawals during year, 932, amounting to
$ 1 1 0 ,3 4 2
59
6 2 ,9 4 6
60
$47,395 99
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$13,000 Attleborough 4s
10.000 Boston 4s
15.000 Fall River 4s
10.000 Indianapolis, Ind., 4s
8.000 Lowell 3J^s
12.000 Marlborough 4s
6.000 Quincy 4s
8.000 Somerville 4s
12.000 Lincoln 4s
7.000 Marblehead 4s
12.000 Shelburne Falls 4s
12.000 Stoughton 4s
Public Funds, Notes.
$10,000 Brockton 3.85%
$135,000
Railroad Bonds.
$3,000 Boston & Maine 4s
5.000 C., B. & Q. 3V2s
5.000 N. Y., N. H. & H. 4s
5.000 Upper Coos 4s
5.000 Upper Coos 4J^s
$23,000
D ate
op
E x a m in a t io n , J a n u a ry 12, 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$7,000 Boston Elevated 4J^s
5.000 Boston & Northern 4s
12,000 Lowell, Law. & Hav. 5s
4.000 West End 4s
$28,000
Bank Stocks.
Shs.
25 Continental Nl. Bk., Boston
20 Mt. Vernon Nl. Bk., Boston
54 Marblehead Nl. Bk.
38 Nl. Grand Bk., Marblehead
200
REPO RT OF THE
[Pub. Doc.
MARLBOROUGH SAVINGS BANK, MARLBOROUGH.
32 MECHANIC STREET.
Incorporated April 3, 1860.
B e n j a m in
Number of corporators, 64; number of trustees, 18.
F . G r e e l e y , President.
C h a r l e s F . H o l y o k e , Treasurer.
H erbert
Board o f Trustees: W . A . A
Favreau, W . B.
H ow e, E .
W arren.
I.
llen
Fay, W .
, G . F . B o n d , M ic h a e l B u r k e , C . W . C u r t is , C . B . E a g e r , C h a r l e s
P.
M orse, W . B .
Board o f Investm ent:
B. F.
M . H a z e l t o n , Clerk o f the Corporation.
F rye, B. F. G reeley, H .
M orse, C . F .
G reeley,
A uditing Committee: E . I . M
orse
W . P.
R o b in s o n ,
Frye,
W . B.
, H . M . H azelton ,
M . H azelton , C. F. H o lyoke, L.
0 . P.
C. W .
M orse,
C. B.
T.
W alker, C.
C u r t is ,
W arner, W .
O. P.
P.
M .
W alker.
E ager.
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third W ednesday of January and July. Business hours: 9 a . m . to 3 p . m . ; Saturdays
9 a . m . to 12.30 P .M .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
Street railway bonds .
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
.
Am eiican Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$402,000
731.000
125.000
106,920
75.000
59.000
13,750
00
00
00
00
00
00
00
$1,512,670 00
500 loans on real estate (average o f each, $ 2 ,6 0 3 .4 4 )
.
.
19 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 3 7 ,5 0 0 ; assessed value,
Real estate b y foreclosure, etc. (assessed value, $31 ,3 6 0 )
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
Deposits in national banks or trust companies
.
.
.
Cash and cash items
.
.
.
.
.
.
Estimated
Market Value.
Book Value.
$402,808
687,247
120,520
238,135
72,000
52,805
11,770
$402,000
727,337
123,062
135,950
75,000
53,937
13,305
10
50
00
00
00
00
00
$1,585,285 60
.
.
.
.
$ 3 6 ,3 9 5 )
.
.
.
.
.
.
.
.
.
.
.
.
00
50
50
92
00
50
48
$1,530,593 90
1,301,721
112,098
36,500
29,571
255
24,016
5,008
00
00
00
77
45
85
31
Total Assets
$3,039,765 28
Due depositors on 8,428 accounts, averaging $337.16 each
$2,841,565 91
Liabilities.
(Accounts opened during year, 9 1 0 ; closed, 9 4 3 ; decrease, 39)
Surplus: —
а. Guaranty fund (4 -9 4 % o f deposits; increase during year, $ 7 ,2 3 3 .1 9 )
h. Profit and loss (aecrease during year, $6,5 0 9 .6 7 )
Current income: —
o. I n t e r e s t ............................................................... $22,461 97
б. R e n t .............................................................................
951 00
140,509 49
38,373 51
$23,412 97
Less current expenses not charged off
Less State or local taxes not charged off .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,332 30
764 30
4,096 60
19,316 37
Total Liabilities
.
$3,039,765 28
201
BAN K COMMISSIONER
No.
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$6,760.76
$5,678.00 $1,800.00 $39.68
Cost per $1,000 of assets
2.22
1.87
.59
.01
Cost per $1,000 of'assets not including State tax and rent .
Other Expenses.
Total.
$1,011.59
.33
$15,290.03
5.02
2.21
Gross income received during the year, $130,824.97.
Kates on Investments and Loans (Average on All, 4.59%).
(average rate, 5.03 per cent.): 4%, $153,000; 4J^%, $209,500; 4 % % , $14,500; 5%,
$591,252; 5J$%. $61,840; 6%, $271,629.
Personal loans (average rate, 4.62 per cent.): 4 V i% , $87,500; 4 ^ % , $1,000; 5%, $22,650; 6%, $948.
B onds, stocks, etc. (average rate on book values, 4.21 per cent.): 2%, $11,000; 3%, $10,000; ?>]/2% ,
$276,000; 3 ^ % , $25,000; 4%, $877,000; 4J^%. $103,000; 5%, $106,450; 6%, $22,200; 7%, $12,200;
8%, $45,700; 10%, $10,800; 12%, $11,500.
Real estate loans
Number of loans not over $3,000 each, 424, amounting to $457,184.
63 real estate loans made during year, amounting to $314,105.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 7,332, amounting to
$52,539 70
54,249 50
486,918 16
Number of withdrawals during year, 5,768, amounting to
$593,707 36
490,956 40
Net increase in amount due depositors
.
.
.
.
.
$102,750 96
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Boston 4s
15.000 Brockton 4s
10.000 Chelsea 4s
10.000 Chicago, 111., 4s
10.000 Dayton, 0., 5s
25.000 Fall River 4s
20.000 Fitchburg 4s
15.000 Gr. Rapids, Mich., 4Hs
20.000 Lawrence 4s
7.000 Lewiston, Me., 5s
25.000 Los Angeles, Cal., 4)^s
5.000 Malden 4s
10.000 Melrose 4s
10.000 New Bedford 4s
2.000 Quincy 4s
20.000 Springfield, Mo., 5s
5.000 Worcester 4s
17.000 Arlington 4s
10.000 Attleborough 4s
15.000 Leominster 4s
47.000 Natick 4s
15.000 Peabody 4s
10.000 Salem, N. IL, 4s
8.000 Weymouth 4s
10.000 Br. & Tops., Me.(W.D.), 4s
5.000 Great Barrington (F.D.) 4s
Public Funds, Notes.
25.000 Hudson 3J^s
6.000 Plymouth 3J^s
Railroad Bonds.
$14,000 Bangor & Aroostook 5s
20.000 Beech Creek 4s
20.000 Boston & Albany 3}4s
35.000 Boston & Albany 4s
15.000 Boston & Maine 3Mis
47.000 Boston & Maine 4s
40.000 Boston & N. Y. Air L. 4s
5.000 Boston & Providence 4s
50.000 C .,B .& Q.3M s
20.000 C .,B .& Q . 4s
25.000 C., R. I. & P. 4s
10.000 Concord & Montreal 4s
25.000 Delaware & Hudson Co. 4s
10.000 Fitchburg 3)^s
20.000 Fitchburg 4s
10.000 Illinois Central 3s
35.000 Illinois Central 3p£s
30.000 Illinois Central 4s
10.000 Louisville & Nashville 4s
5.000 Louisville & Nashville 4Jd>s
20.000 N. Y. & N. Eng. Term. 4s
20.000 N. Y., N. H. & H. 3}^s
60.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 3)^s
45.000 Old Colony 4s
5.000 Penobscot Shore Line 4s
25.000 Peoria & Northw. S^s
30.000 Pitts., Vir. & C. 4s
15.000 Port. & Ogdens. 4}^s
10.000 Vermont Valley 4}^s
$402,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
October 3, 4.
$10,000 Washington Co. 3p^s
10,000 Wore., Nashua & R. 4s
$731,000
Street Railway Bonds.
$42,000 Boston Elevated 4s
33.000 Boston Elevated 4)^s
25.000 Boston & Northern 4s
25.000 Georgetown, R. & I. 5s
$125,000
Bank Stocks.
Shs.
12 Boylston Nl. Bk., Boston
115 First Nl. Bk., Boston
12 Fourth Atlantic Nl. Bk., Boston
50 Merchants Nl. Bk., Boston
15 Nl. Bk. of Commerce, Boston
50 Nl. Bk. of the Republic, Boston
357 Nl. Shawmut Bk., Boston
25 Nl. Union Bk., Boston
8 Second Nl. Bk., Boston
60 State Nl. Bk., Boston
52 Tremont Nl. Bk., Boston
50 Webster & Atlas Nl. Bk., Boston
15 First Nl. Bk., Clinton
107 First Nl. Bk., Marlborough
100 Peoples Nl. Bk., Marlborough
75 Merchants Nl. Bk., Worcester
50 Worcester Nl. Bk., Worcester
202
REPO RT OF THE
[Pub. Doc.
MARSHFIELD SAVINGS BANK, MARSHFIELD.
Incorporated July 5, 1910.
Number of corporators, 41; number of trustees, 21.
L e w i s W . H a l l , President .
H o r a t io
F r a n c i s T . H a r l o w , Clerk o f the Corporation.
Board o f Trustees: E
l ij a h
A m es,
E. E.
A m es,
C.
B . S p r a g u e , Treasurer,
W . B artlett, W . H . B row n, H enry C arver,
A.
H.
C h a n d l e r , J .E . F o r d , L . W . H a l l , W a l t o n H a l l , F . T . H a r l o w , F . W . H a t c h , M . H . K e n t ,
L u t h e r L it t l e ,
J. B.
J.
W . M e r r il l , O .
S w if t , O sc a r
Board o f Investm ent: A .
Steven s,
T.
G.
B.
H . T h o m as,
B. S p r a g u e ,
e a t h e r b e e , Jr.
Spragu e, H .
W
Sp r a g u e , O sc a r St e v e n s , H e n r y
C. W .
A uditing Committee: W
A. T .
G. H .
Oakm an,
alton
H all,
F. T .
F. W .
Carver,
W . H . Spr a g u e ,
H a t c h , E l ij a h A m e s ,
B artlett.
H arlow ,
E. E.
A m es.
Deposits draw interest from second Tuesday of January, April, July and October; dividends are payable
second Tuesday of January and July. Business hours: Tuesdays, 9 to 11 a . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
Estimated
Market Value.
Par Value.
.
.
.
.
.
.
.
.
Book Value.
$2,000 00
4,000 00
$1,820 00
3,865 00
$1,890 03
3,938 75
$6,000 00
$5,685 00
So,828 78
21 loans on real estate ( average o f each, $ 1 ,1 5 1 .1 9 )
Less amount due on uncompleted loans .
$24,775 00
600 00
24,175
4,300
19
4,101
64
5 loans on personal security .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Total Assets
.
.
.
00
00
83
53
47
.
.
$38,489 61
.
.
$38.150 38
.
107 87
Liabilities.
Due depositors on 186 accounts, averaging $205.11 each .
.
.
.
( Accounts opened during year, 5 8 ; closed, 1 0 ; increase, 48)
Surplus; —•
Guaranty fund (.2 8 % o f deposits; increase during year, $ 1 0 7 .8 7 ) .
Current income: —
I n t e r e s t ...............................................................................................
Less current expenses not charged off
.
.
$129 25
Less State or local taxes not charged off .
74 62
-----------------------
.
.
$396 28
203 87
192 41
38 95
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
$38,489 61
No. 8.]
BANK COMMISSIONER.
203
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Amount paid for
$25.83
$10.00
$15.05
$34.51
Cost per $1,000 of assets
.67
.26
.39
.90
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$85.39
2 .22
1.29
Gross income received during the year, $1,422.09.
Rates on Investments and Loans (Average on All, 5.52% ).
Real estate loans (average rate, 5.80 per cent.): 5%, $5,000; 6%, $19,775.
Personal loans (average rate. 6.04 per cent.): 5%, $1,500; 6%, $1,100; 7%, $1,700.
B onds, stocks, etc. (average rate on book values, 3.94 per cent.): 3J^%, $2,000; 4%,
$4,000.
Number of loans not over $3,000 each, 25, amounting to $24,075.
11 real estate loans made during year, amounting to $10,050.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2 %
Number of deposits during year, 205, amounting to
.
.
.
.
.
.
...........................................
.
.
.
.
.
Number of withdrawals during year, 56, amounting to
.
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$424 31
535 22
16,394 89
$17,354 42
3,945 97
.
$13,408 45
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$2,000 Massachusetts 3}^s
Railroad Bonds.
$3,000 Boston & Albany 4s
1,000 N. Y., N. H. & H. 4s
$4,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
November 19.
204
REPORT OF THE
[Pub. Doc.
MECHANICS SAVINGS BANK, HOLYOKE.
345-347 DW IGH T STREET.
Incorporated M arch 16, 1872.
H enry E .
G a y l o r d , President.
I saac E .
N athan
Board o f Trustees: N .
F ow ler,
C.
P.
Number of corporators, 50; number of trustees, 17.
H. E.
P.
S a w y e r , Treasurer.
P . A y e r y , Clerk o f the Corporation.
E . P. B a g g , E. W . C h a p i n , A . W . E s l e e c k , G. F . F o w l e r , T . H.
C. E. M a c k i n t o s h , J. S . M c E l w a i n , A . J. N e w e l l , J. F. R a n g e r ,
i d e r , H. G . S e a r s , J. A . S k i n n e r , F . M . S m i t h , F . S . W e b b e r .
Avery,
G aylord,
R andall, C. W . R
Board of Investm ent:
H. E.
G aylord,
C. E.
M a c k in t o s h ,
Auditing Comm ittee:
G. F.
F ow ler,
F. S.
W ebber,
J. F.
C. P.
R anger,
H. G.
Se a r s,
A. J.
N ew ell.
R andall.
Deposits draw interest from first day of February, M ay, August and November; dividends are pay
able after third M onday in M ay and November. Business houis: 9 a . m . to 4 p .m .; Saturdays,
9 a .m . to 12 m ,; also Thursdays, 7 to 8 p . m .
STATEM ENT
OF
CONDITION,
Assets.
OCTOBER
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$368,500
329,000
112,400
83,200
68,000
14,000
00
00
00
00
00
00
$975,100 00
31,
1912.
Estimated
Market Value.
Book Value.
$370,073
318,247
108,994
120,290
60,860
9,000
$368,500
323,212
110,402
108,507
61,127
6,200
12
50
00
00
00
00
$987,464 62
00
05
50
00
00
00
$977,948 55
552 loans on real estate ( average o f each, $ 3 ,7 7 0 .0 6 ) .
59 loans on personal security
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 4,450)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
2,081,076
200,055
16,000
4,492
124,334
12,680
00
00
00
16
23
56
T otal Assets
$3,416,586 50
Due depositors on 6,627 accounts, averaging $472.12 each
$3,128,739 38
Liabilities.
(Accounts opened during year, 1 ,2 0 7 ; closed, 9 7 6 ; increase, 231)
Surplus: —
a. Guaranty fund (4 .8 2 % o f deposits; increase during yea r, $ 2 4 ,4 9 4 )
h. Profit and loss (decrease during year, $ 9 ,9 4 7 .5 0 )
Current income: — 1
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
150,853 00
65,632 46
$76,645 81
5,284 15
71,361 66
Total Liabilities
.
. $3,416,586 50
No. 8.]
BANK COMMISSIONER.
205
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,078.94
$7,142.50 $1,580.00 $306.89
$2,313.08
$14,42141
Cost per $1,000 of assets
.90
2.09
.46
.09
.68
4.22
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.86
Gross income received during the year, $151,425.80.
Rates on Investments and Loans (Average on All, 4.75% ).
Real estate loans (average rate, 4.98 per cent.): 4J^%, $87,000; 5%, $1,992,026;
Personal loans (average rate, 4.97 per cent.): 4%, $10,000; 4)^% , $22,900; 5%,
6%, $2,050.
$137,830; 5J^%, $28,600;
6%, $725.
(average rate on book values, 4.21 per cent.): 3 } 4 % , $25,000; 3 } 4 % , $35,000; 3 % % ,
$60,000; 3.85%, $25,000; 3.90%, $25,000; 3.95%, $25,000; 4%, $556,000; 4 ¿¿% , $10,000; 4 y 2% ,
$68,500; 5%, $100,200; 7%, $33,200; 10%, $5,300; 12%, $2,900.
Bonds, stocks, etc.
Number of loans not over $3,000 each, 429, amounting to $630,171.
78 real estate loans made during year, amounting to $216,125.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
M ay, 1912, 2 %
Number of deposits during year, 10,368, amounting to
.
.
.
.
.
.
..........................................
.
.
.
.
Number of withdrawals during year, 5,937, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$55,027 10
56,654 09
679,990 06
.
$791,671 25
587,377 66
.
$204,293 59
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3}^s
15.000 Boston 4s
51.000 Holyoke 4s
20.000 Omaha, Neb., i]/is
10.000 Seattle, Wash., 5s
20.000 Easthampton 4s
15.000 South Hadley 4s
Public Funds, Notes.
25.000 Brockton 3.90%
25.000 Holyoke 3Ms
50.000 Holyoke 3%s
25.000 Holyoke 3.85%
25.000 Holyoke 3.95%
25.000 Holyoke 4s
3,500 Granby 4J^s
10.000 Norwood 4s
10.000 South Hadley 3J^s
10.000 South Hadley 3%s
4.000 South Hadley (F. D.) 4s
Railroad Bonds.
$10,000 Bangor & Aroostook 5s
81.000 Boston & Albany 4s
1.000 Boston & Lowell 4s
35.000 Boston & Maine 4s
22.000 Boston & Maine 4)^s
30.000 C., B. & Q. 4s
20.000 Chicago & Northw. 4s
16.000 Chicago, R. I. & Pac. 4s
18.000 Fitchburg 4s
10.000 Holyoke & Westfield 4J^s
10.000 Illinois Central 4s
5.000 Louisville & Nashville 4s
66.000 N. Y., N. H. & H. 4sf
5.000 No. Maine Seaport 5s
$329,000
$368,500
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
June 6, 7.
t $25,000 not a legal investment.
Street Railway Bonds.
$15,000 Boston Elevated 4s
25.000 Boston & Northern 4s
23,400 Holyoke 5s
3,000 Springfield 4s
23.000 West End 4s
23.000 West End 4J^s
$112,400
Bank Stocks.
Shs.
29 First Nl. Bk., Boston
418 City Nl. Bk., Holyoke
282 Hadley Falls Nl. Bk., Holyoke
3 Holyoke Nl. Bk.
50 Home Nl. Bk., Holyoke
50 Third Nl. Bk., Springfield
206
REPO RT OF TH E
[Pub. Doc.
MECHANICS SAVINGS BANK, LOWELL.
202 M ER RIM AC K STREET.
Incorporated March 1, 1861.
A lexander
G.
C u m n o c k , President.
C h a r l e s C . H u t c h i n s o n , Treasurer.
G.
H aven
Board o f Trustees:
A. E.
Number of corporators, 39; number of trustees, 22.
H i l l , Clerk o f the Corporation.
J. C. B e n n e t t , E. N. B u r k e , A. G. C u m n o c k , F . A. F l a t h e r , F r a n k H a n c h e t t ,
G. H i l l , J. G. H i l l , C. C. H u t c h i n s o n , J. V. K e y e s , W . A. M i t c h e l l , C . H .
N o r c r o s s , H . H . P a r k e r , W . L. P a r k e r , J a c o b R o g e r s , J . J . R o g e r s , J. F .
S t e v e n s , J . F . T a l b o t , W . G. W a r d , J . K . W h i t t i e r .
H atch, H .
N elson ,
Sa w ye r ,
N. G.
T . A.
Board o f Investm ent:
C. H.
G.
A uditing Committee: N .
N elson ,
E.
N . B urke,
C. C.
H u t c h in s o n ,
W . L.
Parker,
J. F.
Sa w y e r .
N orcross, J. F . T a lb o t, T . A . St e v e n s.
Deposits draw interest from first Saturday of March, June, September and December; dividends
are payable the M onday following the first Saturday of June and December. Business hours:
9 a . m . to 1 p . m . ; also Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
$552,000
455.000
175.000
4,652
50,000
00
00
00
00
00
$1,236,652 00
Estimated
Market Value.
Book Value.
$540,346
422,612
165,125
7,020
44,750
$551,000
448,850
175,000
4,652
45,250
25
50
00
00
00
$1,179,853 75
400 loans on real estate (average o f each, $ 4 ,1 8 7 .9 8 ) .
.
.
.
.
.
20 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 7 0 ,0 0 0 ; assessed value, $ 6 8 ,0 0 0 )
Real estate b y foreclosure, etc. (assessed value, $300 )
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
00
00
00
00
00
$1,224,752 00
1,675,190
433,870
69,000
275
190
23,926
9,675
45
00
00
00
84
19
39
Total Assets
$3,436,879 87
Due depositors on 5,433 accounts, averaging $591.72 each
$3,214,825 07
Liabilities.
(Accounts opened during year, 5 6 3 ; closed, 4 4 7 ; increase, 116)
Surplus: —
a. Guaranty fund (5 .0 6 % o f deposits; increase during year, $ 4 :6 6 6 .1 0 )
b. Profit and loss (increase during year, $324.79)
Current income: —
a. Interest .
.
.
.
.
.
.
$50,670 21
b. Rent
.
.
.
.
.
.
.
1,900 59
162,737 79
11,845 42
$52,570 80
Less current expenses not charged off
Less State or local taxes not charged off .
$4,202 42
1,295 25
5,497 67
Suspense account
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
Total Liabilities .
47,073 13
398 46
. $3,436,879 87
No. 8.]
BANK COMMISSIONER.
207
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$7,213.39
$9,246.04
Cost per $1,000 of assets
2 .1 0
2 .69
Cost per $1,000 of assets not including State tax and rent .
Advertising.
Other Expenses.
$624.20
$643.98
.18
.19
..........................................
Total.
$17,727.61
5.16
3.06
Gross income received during the year, $149,322.33.
Rates on Investments and Loans (Average on All, 4.53% ).
(average rate, 4.94 per cent.): 4%, $57,416.46; 43^%, $154,400; 5%, $1,367,673.99; 5M%>
$30,000; 5H % - $62,000; 6%, $3,700.
Personal loans (average rate, 4.58 per cent.): 4%, $1,300; 4 } 4 % , $200,000; 4 % % , $100,000; 43di%i
$25,795; 5%, $1,275; 5M %. $25,000; 5 ^ % , $80,500.
Bonds , stocks, etc. (average rate on book values, 3.94 per cent.): 3%, $25,000; 3J^%, $235,000; 4%,
$947,000; 4 y 2% , $25,000; 8%. $3,900.
iReal estate loans
Number of loans not over $3,000 each, 244, amounting to $347,450.
53 real estate loans made during year, amounting to $279,402.61.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1911,2%
June, 1912, 2%
Number of deposits during year, 3,310, amounting to
.
.
.
.
Number of withdrawals during year, 3,965, amounting to
Net increase in amount due depositors
.
.
.
• .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$61,217 80
62,347 72
363,876 29
.
$487,441 81
404,720 71
.
$82,721 10
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$40,000 Allegheny, Pa., 3J^s
50.000 Boston 4s
75.000 Cambridge 3J^s
70.000 Chicago, 111., 4s
10.000 Concord, N. H., 4s
16.000 Lowell 4s
20.000 Marlborough 4s
50.000 New Bedford 4s
20.000 Peoria, 111., 4s*
21.000 Pittsburgh, Pa., 4s
20.000 Providence, R. I., 4s
25.000 Waterbury, Ct., 4s
25.000 Woonsocket, R. I., 4s
15.000 Andover 4s
20.000 Arlington 4s
20.000 Peabody 3J^s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$24,000 Peabody 4s
31,000 Wakefield 4s
$50,000 N. Y., N. H. & H. 3^s
80.000 N. Y., N. H. & H. 4s
30.000 Old Colony 4s
$552,000
$455,000
Railroad Bond3.
$40,000 Boston & Maine 4s
25.000 Boston & Maine 43dis
25.000 C. B., & Q. 33^s
50.000 Concord & Montreal 4s
20.000 Delaware k Hudson Co. 4s
35.000 Fitchburg 4s
25.000 Illinois Central 3s
25.000 Illinois Central 4s
25.000 New England 4s
25.000 N. Y. C. & H. R. 3)^s
February
29,
March
1 an d 2.
* A legal investment when made.
Street Railway Bonds.
$150,000 Boston Elevated 4s
25,000 West End 4s
$175,000
Bank Stocks.
Shs.
10 Mt. Vernon Nl. Bk., Boston
39 Union Nl. Bk., Lowell
208
REPO RT OF THE
[Pub. Doc.
MECHANICS SAVINGS BANK, READING.
M AIN STREET.
Incorporated March 20, 1891.
E dw ard
H.
P a l m e r , President.
E dgar
Board o f Trustees:
'
J. E.
A. F .
Number of corporators, 27; number of trustees, 12.
L e w is
M.
L. M . B a n c r o f t , E. A. C a r p e n t e r , R. C. E a m e s , E. N.
M . E . N i c h o l s , C. H. N o w e l l , E. H. P a l m e r , W . S.
K elley,
U pton .
Board o f Investm ent:
A uditing Comm ittee:
E. H.
C. H.
P alm er,
N ow ell,
B a n c r o f t , Treasurer.
N . H u n t , Clerk o f the Corporation.
M . E.
J. E .
N ic h o l s ,
K elley,
H. R.
A. F.
H unt,
H. R. J o h n s o n ,
M . A. S t o n e ,
Parker,
Jo h n so n .
U pton.
Deposits draw interest from first Saturday of March, June, September and December; dividends
are payable the second Satuiday of June and December. Business hours: 8.30 to 11 a . m . ; 2.30
to 4 p . m . ; Saturdays, 8.30 a . m . to 12 m . and 7.30 to 9 p . m . for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
.
Par Value.
.
.
.
.
.
.
.
.
$28,100
97,000
8,000
2,100
7,000
00
00
00
00
00
$142,200 00
127 loans on real estate (average o f each, $ 1 ,6 9 9 .8 8 ) .
Less amount due on uncompleted loans .
Estimated
Market Value.
$28,373
91,132
7,400
2,000
6,265
90
50
00
00
00
$135,171 40
Book Value.
$28,200
96,653
7,775
2,100
6,507
00
13
00
00
50
$141,235 63
$220,635 00
4,750 00
215,885
14,838
500
14,270
2,347
7 loans on personal security .
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
00
39
00
56
14
$389,076 72
Total Assets
Liabilities.
Due depositors on 2,089 accounts, averaging $175.21 each
$366,021 07
(Accounts opened during year, 2 9 8 ; closed, 2 1 4 ; increase, 84)
Surplus: —
o. Guaranty fund {2 .6 9 % o f deposits; increase during year, $867 .88 )
b. Profit and loss (increase during year, $477.40)
Current income: —
Inteiest
.
.
.
.
.
.
.
.
.
.
Less current expenses not chaiged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
9,470 74
7,077 70
$6,836 03
328 82
---------------
6,507 21
$389,075 72
209
BANK COMMISSIONER.
No.
Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
$52.75
$231.12
.14
2.59
State Tax (Net).
Salaries.
Rent.
Amount paid for
$675.87
$552.00
$81.00
Cost per $1,000 of assets
1.74
1.42
.21
Cost per $1,000 of assets not including State tax and rent .
Total.
$1,592.74
6.10
4 .1 5
Gross income received during the year, $16,732.01.
Rates on Investments and Loans (Average on All, 4.70% ).
Real estate loans (average rate, 5.06 per cent.): 4%, $1,200; 5%, $200,245; 6%, $14,440.
Personal loans (average rate, 5.22 per cent.): 5%, $11,575; 6%, $3,263.39.
Bonds, stocks, etc. (average rate on book values, 4.09 per cent.): 3%, $10,000; 3J^%, $27,000;
3% % ,
$100; 4%, $72,100; 5%, $33,000.
Number of loans not over $3,000 each, 122, amounting to $183,423.
24 real estate loans made during year, amounting to $45,950.
Dividends, Deposits and Withdrawals.
$6,153 61
6,415 53
111,048 87
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 2,630, amounting to
Number of withdrawals during year, 1,629, amounting to
.
.
.
.
.
$123,618 01
94,521 58
$29,096 43
Net inciease in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$17,000 Reading 4s
6,000 Dracut (W. D.) 4s
Public Funds, Notes.
100 Reading 3%s
5,000 Reading 4s
$28,100
Railroad Bonds.
$5,000 Baltimore & Ohio 3Hs
13.000 Bangor & Aroostook 5s
5.000 Boston & Maine 4s
12.000 C., B. & Q. 3^s
5.000 Fitchburg 4s
10.000 Illinois Central 3s
15.000 N. Y „ N. H. & H. 4s
20.000 No. Maine Seaport 5s
1.000 Penobscot Shore Line 4s
5.000 Peoria & Northw. 3}^s
5.000 Sioux City & Pacific 3J^s
1.000 Upper Coos 4s
$97,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M ay 24.
Street Railway Bonds.
$5,000 Boston Elevated 4s
3,000 Boston & Northern 4s
$8,000
Bank Stocks.
Shs.
21 First Nl. Bk., Reading
210
REPORT OF THE
[Pub. Doc.
MEDFORD SAVINGS BANK, MEDFORD.
29 HIGH STREET.
Incorporated February 26, 1869.
G eorge
Number of corporators, 88; number of trustees, 19.
O . F o s t e r , President.
J.
Board o f Trustees:
G ates,
E.
S id n e y
C h a r l e s B . B u s s , Treasurer.
G il m a n
W a i t e , Clerk o f the Corporation.
F. A llen, H . B . B allou, F.
G leason , N .
P.
E..
C handler,
R . B . L a w r e n c e , W . B . L a w r e n c e , W . P . M a r t in ,
dall
,
J.
G . W a it e ,
W.
Board o f Investm ent: G . O . F
A uditing Committee:
J. A.
J.
A . C h a p in , G . O . F o s t e r ,
H a l l o w e l l , H . A . H an sco m ,
J.
W .
J. E.
N . H o m e r , F . H . K id d e r ,
H . N orcross, C . H . P a r k e r ,
E.
S. R a n
C . W a it .
oster
,
C h a p in ,
E. S.
W . B.
E.
R andall, C . H . P arker,
Law rence,
J. E.
F . A lle n , H . A . H an scom .
G ates.
Deposits draw interest from first Saturday of February, M ay, August and November; dividends are
payable the second Saturday of M ay and November. Business hours: 8 to 11 a . m . ; 3 to 6 p . m . ;
also Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
Par Value.
.
.
.
.
.
.
$200,500
679.000
125.000
41,500
00
00
00
00
Estimated
Market Value.
Book Value.
$199,915
668,600
123,250
92,450
$200,500
658,625
125,000
41,500
00
00
00
00
$1,084,215 00
$1,046,000 00
735 loans on real estate (average o f each, $ 2 ,1 1 9 .7 9 ) .
.
.
.
.
.
9 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 2 1 ,8 5 0 ; assessed value, $ 2 1 ,8 5 0 )
Real estate b y foreclosure, etc. (assessed value, $1 5 ,3 5 0 ) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
00
00
00
00
$1,025,625 00
.
.
1,558,050
163,500
18,000
12,000
106
36,786
3,934
.
.
.
.
00
00
00
00
94
43
33
$2,818,002 70
Total Assets
Liabilities.
Due depositors on 8,588 accounts, averaging $300.18 each
.
.
.
.
.
$2,577,940 10
((Accounts opened during year, 1 ,1 0 8 ; closed, 7 9 2 ; increase, 316)
Surplus: —
a. Guaranty fund (4-94 ° f deposits; increase during year, $ 4 ,8 0 0 )
b. Profit and loss (increase during year, $ 1 7 ,4 7 8 .4 9 )
.
.
.
Current incom e: — .
Interest
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
.
.
.
127,500 00
52,862 06
.
59,700 54
.
$2,818,002 70
.
.
.
.
No. 8.]
BANK COMMISSIONER.
211
/
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total
Amount paid for
$4,502.86
$5,539.00
$1,500.00 $40.50
$1,347.90
$12,930.26
Cost per $1,000 of assets
1.60
1.96
.53
.01
.48
4 .5 8
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.45
Gross income received during the year, $127,505.37.
Rates on Investments and Loans (Average on All, 4.78%).
Real estate loans (average rate, 5.01 per cent.): 4%, $1,100; 4)4% , $19,000; 5%, $1,495,150; 5 )4 % ,
$15,400; 6%, $27,400.
Personal loans (average rate, 4.35 per cent.): 4%, $50,000; 4)4% , $50,000; 4 )4% , $25,000; 4 % % , $25,000;
5%, $13,500.
Bonds, stocks, etc. (average rate on book values, 4.51 per cent.): 3%, $30,000; "¿14%, $141,000; 4%,
$435,500; 4 V2% , $219,000; 5%, $144,000; 6%, $10,000; 7%, $47,500; 8%, $1,000; 10%, $8,000;
11% , $ 10,000 .
Number of loans not over $3,000 each, 608, amounting to $961,750.
101 real estate loans made during year, amounting to $242,150.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Nov., 1911, 2%
M ay, 1912, 2%
Number of deposits during year, 10,375, amounting to
$47,999 11
48,854 22
378,156 07
Number of withdrawals during year, 6,274, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$475,009 40
400,645 09
$74,364 31
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Massachusetts 3)4s
15.000 Beverly 4s
25.000 Fall River 4s
10,500 Holyoke 4s
25.000 Medford 4s
25.000 Providence, R. I., 4s
5,000 Arlington 4s
15.000 Wellesley 4s
30.000 Lincoln, R. I., 4s
$200,500
Railroad Bonds.
$25,000 Boston & Albany 4s
20.000 Boston & Lowell 4s
25.000 Boston & Maine 4s
50.000 C., B. & Q. 314s
25.000 Chicago, Mil. & St. P. 5s
25.000 Chic. & Northw. 4s
24.000 Chic. & Northw. 5s
D ate
of
E x a m in a t io n ,
$39,000 Cleveland & Pitts. 4)4s
25.000 Concord & Claremont 414s
25.000 Concord & Montreal 4s
30.000 Detroit & Bay City 5s
10.000 Dexter & Piscataquis 4s
45.000 Fitchburg 4s
25.000 Fitchburg 414s
30.000 Illinois Central 3s
10.000 Illinois Central 4st
15.000 Kal., Alle. & Gr. R. 5s
50.000 N. Y., N. H. & H. 4s
50.000 Port. & Ogdens. 4}4s
30.000 Ports., Gr. F. & Con. 414s
16.000 Sioux City & Pac. 314s
25.000 Troy & Boston 7s
25.000 Vermont Valley 414s
25.000 Washington Co. 3)4s
10.000 Winona & St. Peters 7s
$679,000
February
$125,000
Bank Stocks.
Shs.
10 Commercial Nl. Bk., Boston
50 Fourth-Atlantic Nl. Bk., Boston
100 Nl. Bk. of Commerce, Boston
80 Second Nl. Bk., Boston
100 Nl. Shawmut Bk., Boston
75 State Nl. Bk., Boston
5, 6, 7.
* A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$50,000 Boston Elevated 4s
50.000 Lynn & Boston 5s
25.000 Worcester Con. 4}4s*
t N ot now a legal investment.
212
REPO RT OF THE
[Pub. Doc,
MEDWAY SAVINGS BANK, MEDWAY.
VILLAGE STREET.
Incorporated February 20, 1871.
A d d is o n
E.
Number of corporators, 28; number of trustees, 14.
B u l l a r d , President.
W il l ia m
W il l ia m
N.
H . U p t o n , Treasurer.
H i t c h c o c k , Clerk o f the Corporation.
E. B u l l a r d , G. W . B u l l a r d , G. S. B e n t , S. G. C l a r k , F. C . C l a r k , A . E.
N. H i t c h c o c k , G. P . H o l b r o o k , W . W . O l l e n d o r f f , W . L. P a l m e r , S u m n e r
E. F. R i c h a r d s o n , H . H . T h o r n e , W . H . U p t o n .
Board o f Trustees: A .
C lough , W .
R o b b in s ,
Board o f Investm ent: A .
E.
B ullard,
G.
W . B ullard,
S. G.
F.
C lark,
C. C lark,
E. F.
R ic h a r d s o n ,
G. S.
B ent,
H . H . T horne.
Auditing
Comm ittee:
S. G.
C lark,
W . N.
H it c h c o c k ,
W. W.
O llen dorff,
G.
P.
H olbrook.
Deposits draw interest from first day of March, June, September and December; dividends are pay
able on and after June 15 and December 15. Business hours: 9 a . m . t o 12 m . ; 2 to 5 p . m . ; Sat
urdays, 9 a . m . t o 12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Street railway bonds .
.
.
American Tel. & Tel. Co. bonds .
Estimated.
Market Value.
Par Value.
.
.
.
.
.
.
.
.
.
.
.
.
$84,839
150,000
10,000
10,000
00
00
00
00
$84,697
142,197
10,050
8,950
$254,839 00
$245,894 75
166 loans on real estate (average o f each, $1,530.52) .
6 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (Assessed value, $2,150)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets
Book Value.
$84,839
147,960
10,000
8,827
25
50
00
00
$251,626 50
254,066
4,214
2,776
1,568
4,185
873
.
.
.
.
.
00
00
00
50
96
00
47
69
84
94
$519,312 40
Liabilities.
Due depositors on 1,748 accounts, averaging $268.27 each
.
.
.
.
.
$468,932 57
(Accounts opened during year, 1 7 7 ; dosed, 1 3 8 ; increase, 39)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during year, S I,0 4 7 .9 6 )
b. Profit and loss (increase during year, $ 4 5 8 .7 9 )
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
.
.
.
.
.
.
23,464 08
16,920 06
.
9,995 69
.
$519,312 40
No. 8.]
BANK COMMISSIONER.
213
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,035.75
$1,383.31
$190.00
$9.25
Cost per $1,000 of assets
1.99
2 .66
.36
.02
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$700.17
1.34
$3,318.48
6.37
4.02
Gross income received during the year, $24,221.94.
Rates on Investments and Loans (Average on All, 4.83% ).
Real estate loans (average rate, 5.42 per cent.): 5%, $130,435.96; 5}^%, $31,350; 6%, $92,281.
Personal loans (average rate, 5.76 per cent.): 5%, $1,000; 6%, $3,214.
Bonds, stocks, etc. (average rate on book values, 4.21 per cent.): 3%, $1,000; 3J^%, $46,000; 4%,
4 Y i% , $22,939; 5%, $31,000; 6%, $4,000; 7%, $5,000.
$144,900;
Number of loans not over $3,000 each, 151, amounting to $176,490.96.
36 real estate loans made during year, amounting to $69,375.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 1,206, amounting to
$8,603 24
8,826 08
98,065 34
Number of withdrawals during year, 1,218, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$115,494 66
99,141 96
.
$16,352 70
SCHEDULE OP SECURITIES OWNED.
Public Funds, Notes.
$9,000 Medway 4s
939 Medway 4Hs
10,100 Millis 4s
Public Funds, Bonds.
$5,000 Massachusetts 3}^s
5.000 Belfast, Me., 4s
6.000 Boston 4s
5.000 Chicago, 111., 4s
5.000 Haverhill 4s
2.000 Minneapolis, Minn., 4)^s
3.000 Springfield, 0., 5s
4.000 Worcester 4s
1.000 Clinton 4s
5.000 Douglas 4s
8,800 N. Attleborough 4s
5.000 Medway 4s
10,000 Kittery, Me. (W.D), 5s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$84,839
Railroad Bonds.
$5,000 Bangor & Aroostook 5s
2.000 Boston & Lowell 4s
5.000 Boston & Maine 4)^s
3.000 Boston & Providence 4s
4.000 Burl. & Mo. Riv. 6s
2.000 Cedar Rapids & Mo. Riv. 7s
10.000 C., B. & Q. 3L£s
6.000 C., B. & Q. 4s
5.000 Chic. & Northw. 5s
11.000 Concord & Montreal 4s
July
5.
t $10,000 not a legal investment.
$5,000 Fitchburg 4s
1.000 Illinois Central 3s
16.000 Illinois Central 3^28
10.000 Illinois Central 4s
5.000 New England 4s
10.000 N. Y. C. & H. R. 3V28
26.000 N. Y., N. H. & H. 4sf
3.000 Northw. Union 7s
3.000 Old Colony 4s
5.000 Ports., Gt. F. & C. 4}^s
8.000 St. J. & Lake C. 5s
5.000 Washington Co. 3J^s
$150,000
Street Railway Bonds.
$10,000 Boston Elevated 4)^s
214
REPORT OF THE
[Pub. Doc.
MELROSE SAVINGS BANK, MELROSE.
497 M AIN STREET.
Incorporated April 5, 1872.
M o ses
S . P a g e , President.
Board of Trustees:
A.
C.
Jepson ,
A . B u s h , Clerk o f the Corporation.
H . A d a m s , D e c iu s B e e b e ,
G. R .
M . H o y t , Treasurer.
Fbank
H enby
W .
Number of corporators, 58; number of trustees, 13.
Jo n es,
C.
F.
P. B ow den, A. L. Cabb, W .
H . L a n g , J r ., J o h n L a b b a b e e ,
E. S.
C.
G o ss, J.
Page,
M . S.
A.
H ew es,
Page,
F.
P.
Sh u m w ay.
Board o f Investm ent: M . S . P a g e , C . H . A
Auditing Committee:
A . L.
Cabb, W .
A.
dam s,
A . L. C a bb, John L abbabee.
Je pso n , J.
A.
H ew es.
Deposits draw interest from first day of January, April, July and October; dividends are payable the
third Wednesday of January and July. Business hours: 8 a . m . to 2 p . m . ; Saturdays, 8 a . m . to
12 m ., and 7 to 9 p . m .
STATEMENT OF CONDITION,
Assets.
OCTOBER 31, 1912.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds .
.
.
$301,800
305,000
116,000
500
34,000
00
00
00
00
00
$757,300 00
621 loans on real estate (average of each, $ 1 ,6 4 1 .8 9 ) .
Less amount due on uncompleted loans .
Estimated
Market Value.
Book Value.
$301,175
297,050
112,047
925
30,430
$301,633
297,485
112,931
750
30,600
00
00
50
00
00
75
60
25
00
00
$741,627 50
$743,400 60
$1,019,813 42
200 00
1,019,613 42
40 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $ 5 ,2 5 0 )
Deposits in national banks or trust companies
Cash and cash items .
.
.
.
.
.
299,913
3,822
23,228
11,494
98
32
45
79
Total Assets
$2,101,473 56
Due depositors on 8,242 accounts, averaging $228.43 each
$1,882,738 91
Liabilities.
( Accounts opened during year, 1 ,2 1 6 ; closed, 6 8 6 ; increase, 6 3 0 )
Surplus: —
a. Guaranty fund (4 -3 6 % o f deposits; increase during year, $ 8 ,9 5 7 .6 6 )
h. Profit and loss (increase during year, $ 2 ,6 7 1 .6 5 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
80,198 60
102,918 26
35,617 79
$2,101,473 56
215
BANK COMMISSIONER.
No. 8.
Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
Rent.
State Tax (Net).
Salaries.
$1,844.71
$10,147.25
$248.50
$600.00
Amount paid for
$3,320.86
$4,133.18
.12
4.83
.88
.28
Cost per $1,000 of assets
1.68
1.97
2.97
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $93,183.48.
Rates on Investments and Loans (Average on All, 4.76%).
(average rate, 5.24 per cent.): 4%, $700; 4J^%, $10,000; 5%, $718,098.55; 5J^%,
$81,340.06; 6%, $209,474.81.
Personal loans (average rate, 4.70 per cent.): 4 % % , $30,000; 4J^%, $30,000; 4J^%, $155,000; 4 % % ,
$15,000; 5%, $9,770; 5 ^ % , $56,350; 6%, $3,793.98.
Bonds, stocks, etc. (average rate on book values, 4.12 per cent.): 3 } 4 % , $5,000; 4%, $686,800; 4J^%,
$5,000; 43^%, $58,000; 5%, $1,000; 6%, $1,000; 8%, $500.
Real estate loans
Number of loans not over $3,000 each, 589, amounting to $840,363.79.
67 real estate loans made during year, amounting to $132,980.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 11,302, amounting to
,
$32,605 61
34,184 73
462,343 95
.
$529,134 29
367,082 27
Number of withdrawals during year, 7,544, amounting to
Net increase in amount due depositors
.
$162,052 02
,
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Bath, Me., 4s
10.000 Belfast, Me., 4s
1.000 Beverly 4s
22.000 Boston 4s
1.000 Burlington, Vt., 4s
3.000 Chicago, 111., 4s
13.000 Everett 4s
1.000 Holyoke 4s
10.000 Kansas City, Mo., 4)^s
2.000 Lawrence 4s
4.000 Lowell 4s
1.000 Lynn 4s
7.000 Malden 4s
4.000 Marlborough 4s
8.000 Medford 4s
64.000 Melrose 4s
1.000 Newton 4s
2.000 New Bedford 4s
2.000 Newburyport 4s
4.000 Norwalk, Conn., 4s
2,500 Portsmouth, N. H., 4s
2.000 Rochester, N. H., 4s*
5.000 San Francisco, Cal., HAs
2.000 St. Paul, Minn., 4s
1.000 St. Paul, Minn., 5s
1.000 Somerville 4s
D ate
of
E x a m in a t io n ,
$1,000 Taunton 4s
500 Waterbury, Ct., 4s
1.000 Woonsocket, R. I., 4s
5.000 Amesbury 4s
4.000 Ashland 4s
10.000 Danvers 4s
500 Hyde Park 4s
10.000 Peabody 4s
9.000 Reading 4s
1.000 Revere 4s
5.000 Southborough 4s
5.000 Weymouth 4s
14.000 Winchester 4s
Public Funds, Notes.
20.000 Lowell 4s
37,300 Melrose 4s
$301,800
$24,000 C., B. & Q. 4s
13.000 Chic. & Northw. 4s
20.000 Concord & Montreal 4s
39.000 Fitchburg 4s
5.000 Fitchburg 4J^s
1.000 F., Elk. & Mo. V. 6s
5.000 Gt. Northern 4}4s
33.000 N. Y., N. H. & II. 4s
. 5,000 Peoria & Northw. 3)^s
1.000 Wor., Nash. & Roch. 4s
$305,000
Street Railway Bonds.
$21,000 Boston Elevated 4s
16.000 Boston Elevated 4J^s
18.000 Boston & Northern 4s
59.000 West End 4s
2,000 West End 4J^a
$116,000
Railroad Bonds.
$50,000 Boston & Albany 4s
35.000 Boston & Lowell 4s
54.000 Boston & Maine 4s
20.000 Boston & Maine 4)^s
Bank Stocks.
Shs.
5 Melrose Nl. Bk.
March 21, 22.
* This is not a legal investment and the bank has been notified that it must dispose of same.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
216
[Pub. Doc,
REPORT OF THE
MERRIMAC SAVINGS BANK, MERRIMAC.
M AIN STREET.
Incorporated April 19, 1871.
Number of corporators, 35; number of trustees, 14.
T h o m a s H . H o y t , President.
F r e d e r ic k
C.
G r a n t , Treasurer.
C h e st e r E . W h it in g , Clerk o f the Corporation.
Board o f Trustees:
A.
D . W . G o u l d , T.
E. H . P r e b l e ,
H . P ie r c e ,
H . H o y t , F . B . J u d k in s , Z e n a s L o v e l l , F .
G.
E.
C. E.
R ic k e r ,
E.
P e a se , J. F . P e a se ,
R o w e l l , B a il e y S a r g e n t ,
E.
P . Sarg en t,
W . B . Sa r g e n t, H . H . Sto r y .
Board o f Investm ent: T . H . H
A uditing Committee:
W.
oyt
, D .
B . Sarg en t,
W.
G ould,
J. F.
E.
P . Sar g e n t.
P e a s e ,* H . H . S t o r y .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are pay
able the fourth Wednesday of April and October. Business hours: 9 a .m . to 3 p .m .; Saturdays,
9 a .m . to 12.30 P.M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds .
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
.
.
$32,000
136,000
15.000
2,550
20.000
8,000
00
00
00
00
00
00
$31,850
121,980
14,100
2,550
19,200
7,160
$213,550 00
00
00
00
00
00
00
$196,840 00
Book Value.
$32,000
133,871
15.000
2,550
20.000
7,000
$210,421 33
272,807
33,500
940
4,743
10,039
719
128 loans on real estate (average o f each, $ 2 ,1 3 1 .3 1 ) .
5 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $4-,375 )
Deposits in national banks or trust companies
Cash .
.
.
.
.
00
33
00
00
00
00
50
00
92
97
70
14
Total Assets
$533,172 56
Due depositors on 1,589 accounts, averaging $318.54 each
$506,161 66
Liabilities.
{Accounts opened during year, 1 1 9 ; closed, 1 3 2 ; decrease, 13)
Surplus: —
a. Guaranty fund (4 .9 7 % o f deposits; increase during year, $ 597 .64 )
b. Profit and loss (increase during year, $33 4 -7 0 )
Current income: —
a. Interest .
.
.
.
.
.
.
$254 15
b. Rent
.
.
.
.
.
.
.
24 00
Less current expenses not charged off
Unearned discount
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
.
.
Total Liabilities .
* Since resigned.
$278 15
36 02
----------------------.
.
.
.
.
25,145 92
1,612 35
.
.
.
.
.
242 13
10 50
$533,172 56
No. 8.]
BANK COMMISSIONER.
217
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$1,182.87
$1,683.33
$220.00
$362.81
$3,449.01
Cost per $1,000 of assets
2 .22
3.16
.41
.68
6.47
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.84
Gross income received during the year, $23,741.16.
Rates on Investments and Loans (Average on All, 4.58% ).
Real estate loans
(average rate, 5.13 per cent.): 4J^%, $10,000; 5%, $222,075; 5>£%. $2,350- 6%
$38,382.50.
Personal loans (average rate, 5 per cent.):
Bonds, stocks, etc. (average rate on book
$102,000; 4 y 2% , $5,000; 5%, $2,550.
4J^%, $15,000; 5%, $3,500; 5J^%, $15,000.
values, 3.81 per cent.): 3%, $10,000; 3Jjj%, $94,000- 4%
Number of loans not over $3,000 each, 91, amounting to $92,857.50.
20 real estate loans made during year, amounting to $48,045.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
.
.
.
.
.
Oct., 1 9 1 2 , 2 % ...........................................
Number of deposits during year, 1,277, amounting to
.
.
.
.
.
Number of withdrawals during year, 1,069, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$9,640 29
9,725 39
61,345 18
$80,710 86
74,806 07
$5,904 79
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Chicopee 3J^s
2.000 Keene, N. H., 4s
5.000 Stamford, Ct., 4s
5.000 Waterbury, Ct., 4s
5.000 Auburn, Me., 4s
5.000 Merrimac 4s
$32,000
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Railroad Bonds.
$20,000 Bcston & Maine 4s
16.000 C„ B. & Q. 3^s
11.000 Concord & Montreal 4s
5.000 Erie & Pittsburgh 3)^s
5.000 Fitchburg 4p£s
10.000 Illinois Central 3s
15.000 Illinois Central Zy2s
10.000 Michigan Central 3J^s
10.000 N. Y „ N. H. & H. 3)^s
20.000 N. Y., N. H. & H. 4s
M ay 31.
$6,000 Old Colony 4s
8,000 Peoria & Northw. 33-^s
$136,000
Street Railway Bonds.
$15,000 Boston Elevated 4s
Bank Stocks.
Shs.
25Yi First NI. Bk., Merrimac
218
REPORT OF THE
[Pub. Doc.
MERRIMACK RIVER SAVINGS BANK, LOWELL.
417 M IDDLESEX STREET.
Incorporated February 24, 1871.
N athan
G.
L a m s o n , President.
F r a n k l in
Jam es
Board o f Trustees:
C.
E.
B.
G o u l d in g ,
C.
G.
E.
J o h n s o n , Treasurer.
H i l l , Clerk o f the Corporation.
F . C a d y , M ic h a e l C o r b e t t , C . M . F o r r e s t , H . C . F u l l e r , W . H . F u l l e r ,
J. J.
H arvey, F. H . H aynes,
M orton, C . P. P erh am , O.
W ig g in ,
Number of corporators, 38; number of trustees, 19.
B.
J. G.
H il l ,
W.
H. H ow e,
R an lett, C h arles R u nels, H . C. T aft,
N. G. L a m s o n , A.
C. F . V a r n u m , B.
H.
H .
F. Y oung.
Board o f Investm ent:
N. G.
L am son ,
Auditing Comm ittee: H , C . T
aft
C. F.
Varnum ,
H . C.
T aft,
W . H.
F uller,
C. M .
F orrest.
, J. G . H i l l , W . H . H o w e .
Deposits draw interest from first Saturday of February, M ay, August and Novem ber; dividends are
payable M onday following the first Saturday of M ay and November. Business hours: 9 a .m . t o
1 p .m .; also Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
Par Value.
.
.
.
.
.
.
.
.
$10,000
389,000
75,000
39,600
30,000
00
00
00
00
00
$543,600 00
Estimated
Market Value.
$10,000
354,180
71,250
80,223
26,850
00
00
00
00
00
$542,503 00
Book Value.
$9,997
382,125
74,200
39,600
27,162
$533,085 00
1,890,519
557,479
281
2,222
29,175
10,095
472 loans on real estate (average o f each, $ 4 ,0 0 5 .3 4 ) .
37 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $625 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
50
00
00
00
50
32
00
22
14
53
33
$3,022,857 54
Total Assets
Liabilities.
.
Due depositors on 4,305 accounts, averaging $633.24 each
$2,726,105 21
(Accounts opened during year, 6 1 7 ; closed, 3 9 2 ; increase, 2 2 5 )
Surplus: —
a. Guaranty fund (4 .9 0 % o f deposits; increase during year, $ 7 ,0 0 0 )
b. Profit and loss (decrease during year, $ 1 0 ,1 6 9 .0 3 ) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
133,600 00
93,177 62
69,974 71
. $3,022,857 54
BANK COMMISSIONER.
No. 8.]
219
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$5,398.67
$7,232.98 $500.00
$988.51
Cost per $1,000 of assets
1.78
2.39
.16
.33
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$1,276.32 $15,396.48
.42
5.08
3.14
Gross income received during the year, $135,989.29.
Rates on Investments and Loans (Average on All, 4.78%).
(average rate, 4.94 per cent.): 4%, $40,000; 4)4% , $219,375; 4 % % , $49,000; 5%,
$1,518,999.32; 5)4% , $38,400; 6%, $24,745.
Personal loans (average rate, 4.74 per cent.): 4)4% , $25,000; 4)4%. $25,000; 4)4% , $305,000; 4 )4 % .
$80,000; 5%, $14,729; 5)4% , $25,000; 5)4% , $52,400; 6%, $30,350.
Bonds, stocks, etc. (average rate on book values, 4.25 per cent.): 3)4% , $120,000; 4% , $329,000; 4)4% ,
$40,000; 5%, $30,600; 6%, $5,100; 7%, $10,500; 8%, $2,000; 12%, $6,400.
Real estate loans
Number of loans not over $3,000 each, 351, amounting to $519,358.
63 real estate loans made during year, amounting to $581,900.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
.
.
.
.
.
M ay, 1 9 1 2 , 2 % ..........................................
Number of deposits during year, 3,308, amounting to
.
.
.
.
.
Number of withdrawals during year, 3,076, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$50,123 62
51,270 32
381,537 89
.
$482,931 83
343,672 66
.
$139,259 17
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Augusta, Me. (W.D.), 4s
Railroad Bonds.
$59,000 Boston & Maine 4s
15.000 B., R. B. & Lynn 4)4s
30.000 C., B. & Q. 3)4s
40.000 C., B. & Q. 4s
25.000 Chic. & Northw. 4s
30.000 Fitchburg 4s
25.000 Illinois Central 3)4s
10.000 Illinois Central 4s
D ate
or
E x a m in a t io n ,
$10,000 Lime Rock 4s*
25.000 Michigan Central 4s
65.000 N. Y., N. H. & H. 3)4s
30.000 N. Y., N. H. & H. 4s t
15.000 No. Maine Seaport 5s
10.000 Providence Terminal Co. 4s
$389,000
Street Railway Bonds.
$50,000 Boston Elevated 4s
25.000 Worcester Con. 4)4s*
$75,000
February 26, 27, 28.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank Stocks.
Shs.
20 Eliot NI. Bk., Boston
64 First NI. Bk., Boston
47 Fourth-Atlantic NI. Bk., Boston
51 NI. Bk. of Commerce, Boston
54 Old Boston NI. Bk., Boston
31 State NI. Bk., Boston
27 Webster & Atlas NI. Bk., Boston
102 Wamesit NI. Bk., Lowell
t $20,000 not a legal investment.
220
REPORT OF THE
[Pub. Doc.
MIDDLEBOROUGH SAVINGS BANK, MIDDLEBOROUGH.
SOUTH M AIN STREET.
Incorporated March 15, 1873.
D a v id
G . P r a t t , President.
T heodore
G eorge
N.
Board o f Trustees: C .
G.
Number of corporators, 33; number of trustees, 19.
E.
D oane,
E.
A tw ood,
F.
L . B a r r o w s , G e o r g e B r a y t o n , L . H . C a r r , M . H . C u s h in g .
S. H a t h a w a y , C . M . L e o n a r d ,
M . S. R y d e r , G . R . Sa m p so n , S a m u e l Sh a w ,
E. F.
W it h a m ,
T . N.
Board o f Investm ent:
D . G.
Auditing Comm ittee:
G. W .
N . W o o d , Treasurer.
W . S t e t s o n , Clerk o f the Corporation.
J.
E. T.
L in c o l n ,
J.
A . M il l e r , D . G . P r a t t ,
A . S p a r r o w , G . W . St e t s o n , G .
E.
T il l s o n ,
W ood.
P ratt,
G. R .
Stetson ,
Sa m p so n ,
G. E.
G. E .
T il l s o n ,
M.
D oane.
S. R y d e r .
Deposits draw interest from first M onday of January, April, July and October, dividends are pay
able the first M onday of April and October. Business hours: 9 a .m . to 12.30 p .m .; 2 to 4 p .m .;
Saturdays, 9 a .m . to 12.30 p .m .; also M ondays, 7 to 8 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$273,750
420,300
165,000
4,285
35,000
21,000
00
00
00
00
00
00
$919,335 00
Estimated
Market Value.
Book Value.
$270,922
393,001
160,660
4,916
31,325
10,020
$272,910
414,505
162,955
3,900
31,393
11,551
50
50
00
00
00
00
$870,845 00
$897,215 67
1,017,735
123,096
40,000
10,000
31,836
1,944
412 loans on real estate {average o f each, $ 2 ,4 7 0 .2 3 ) .
78 loans on personal security
.
.
.
Bank building and fixtures {estimated value, $J7,000; assessed value $ 3 6 , 700)
Real estate b y foreclosure, etc. {assessed value, $ 1 0 ,0 5 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
25
00
00
00
75
67
00
00
00
00
34
60
$2,121,827 61
Total Assets
Liabilities.
.
Due depositors on 6,183 accounts, averaging $322.44 each
$1,993,665 35
{Accounts opened during year, 7 0 0 ; closed, 5 0 9 ; increase, 191)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during year, $ 5 ,3 0 0 )
h. Profit and loss {increase during year, $ 1 ,9 4 7 .6 0 )
Current income:—
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
99,700 00
23,920 69
1,566 58
25 01
4,541 57
Total Liabilities
.
. $2,121,827 61
No. 8.]
221
BANK COMMISSIONER.
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,908.13
$3,675.00
$500.00
$1,093.63
$9,176.76
Cost per $1,000 of assets
1.84
1.73
.23
.51
4.31
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.24
Gross income received during the year, $94,927.19.
Rates on Investments and Loans (Average on All, 4.68%).
(average rate, 5.10 per cent.): 4%, $4,000; 4J^%, $59,500; 5%, $794,409; 5J^%, $36,300,
6%, $123,526.
Personal loans (average rate, 5.04 per cent.): 4^% > $48,200; 5%, $44,516; 5J^%, $600; 6%, $29,780.
Bonds, stocks etc. (average rate on book values, 4.15 per cent.): 3%, $33,000; 3 } 4 % , $142,000; 3 % % ,
$5,000; 4%, $549,750;
$82,000; 5%, $62,000; 6%, $13,700; 7%, $20,300; 8%, $1,200.
Real estate loans
Number of loans not over $3,000 each, 379, amounting to $418,346.
63 real estate loans made during year, amounting to $112,125.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 6,049, amounting to
$36,809 80
37,736 98
358,065 49
Number of withdrawals during year, 4,287, amounting to
$432,612 27
330,199 16
Net increase in amount due depositors
$102,413 11
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Boston 3J^s
10.000 Boston 4s
16.000 Dubuque, la., 4s
5.000 Fort Wayne, Ind., 4J/2S
9.000 Kansas City, Mo., 4s
10.000 New Bedford 4s
15.000 New London, Ct., 4s
10.000 Springfield 4s
7.000 Terre Haute, Ind., 4s
15.000 Worcester 3)^s
40.000 Revere 4s
5.000 Winthrop 3^(s
15.000 Wrentham 4s
10.000 Kittery, Me. (W. D.), 5s
6,500 Middleborough (F. D.) 4s
Public Funds, Notes.
10,000 Barre 4s
1,700 Halifax 4s
4.000 Halifax 4)^s
23,150 Lakeville 4s
30,400 Middleborough 4s
6.000 Middleborough (F. D.) 4s
$273,750
D ate
Railroad Bonds.
$15,000 Bangor & Aroostook 5s
30.000 Boston & Maine 4s
8.000 Cedar R. & Mo. River 7s
55.000 C, B. & Q. 3^s
10.000 G , B. & Q. 4s
25.000 Chicago & Northw. 4s
6.000 Chic. & Northw. 7s
10.000 Chic., R. Id. & Pac. 4s
11.000 Chic., R. Id. & Pac. 6s
25.000 Delaware & Hudson Co. 4s
5.000 Dexter & Newport 4s
10.000 Fitchburg 3J^s
16.000 Fitchburg 4s
20.000 Fitchburg 4)^s
33.000 Illinois Central 3s
20.000 Illinois Central 3t£s
1.000 Maine Central 5s
10.000 Michigan Central 4s
61.000 N. Y., N. H. & H. 4sf
16.000 No. Maine Seaport 5s
5.000 Northwestern Union 7s
10.000 Old Colony 4s
17.000 Sioux City & Pac. 3)^s
1,300 Winona & St. Peter 7s
Street Railway Bonds.
$10,000 Boston Elevated 4s
30.000 Boston Elevated 4)^s
25.000 Boston & Northern 4s
1.000 East Middlesex 4s
1.000 Holyoke 5s
4.000 Lowell, Law. & Hav. 5s
56.000 West End 4s
3.000 West End 4b£s
20.000 Worcester Cons. 4)^s*
15.000 Worcester Cons. 5s*
$165,000
Bank Stocks.
Shs.
11 Tremont Nl. Bk., Boston
12 Middleborough Nl. Bk.
27 Plymouth Nl. Bk.
$420,300
of
E x a m in a t io n ,
M ay 9, 10.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $10,000 not a legal investment.
222
REPORT OF THE
[Pub. Doc,
MIDDLESEX INSTITUTION FOR SAVINGS, CONCORD.
M AIN STREET.
Incorporated March 4, 1835.
H arvey
Number of corporators, 24; number of trustees, 11.
W h e e l e r , President.
C harles
H erbert
Board o f Trustees: M
urray
B allou,
E. J.
B artlett,
C. E.
B r o w n , Sted m an
C.
F o w le r , W oodw ard H u dson , P rescott K e y e s, T hom as T odd,
W il l ia m
E.
B r o w n , Treasurer.
W . H o s m e r , Clerk o f the Corporation.
B u t t r ic k , L .
N.
H . T ow le, H arvey W heeler,
W heeler.
Board o f Investm ent: H
arvey
Auditing Com m ittee: W
oodw ard
W heeler,
E. J.
B artlett, Stedm an
H u dson , M u rray
B allou, C .
B u t t r ic k ,
L. N.
F ow ler.
H . T ow le.
Deposits draw interest from first day of March, June, September and December; dividends are pay
able January 1 and July 1. Business hours: 9 a . m . to 2 p . m . ; Saturdays, 9 a . m . to 12.15 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
•n„_
Par Value.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
.
.
.
$65,500
475,000
95.000
11,750
50.000
40.000
Estimated
Market Value_
00
00
00
00
00
00
$63,478
449,750
93.050
15.050
48,000
35,800
$737,250 00
75
00
00
00
00
00
$705,128 75
383 loans on real estate (average o f each, $ 2 ,2 2 5 .6 1 ) .
.
.
.
22 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 1 2 ,0 0 0 ; assessed value, $8 ,5 0 0 )
Real estate b y foreclosure, etc. (assessed value, $2 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$65,500
477,700
95.000
10.000
50,000
36,150
$734,350 00
852,370
501,700
10,500
962
39,656
1,541
Total Assets
00
00
00
00
00
00
21
00
00
42
25
17
$2,141,080 05
Liabilities.
Due depositors on 6,051 accounts, averaging $329.84 each
( Accounts opened during year, 6 2 4 ; closed, 5 0 5 ; increase, 119)
Surplus: —
a. Guaranty fund {4 -9 8 % o f deposits; increase during year, $ 1 ,6 6 7 .7 5 )
b. Profit and loss (increase during year, $ 3 ,3 1 0 .2 1 )
Current income: —
Interest
.
.
.
' .
.
.
.
.
.
.
$37,759 30
Less current expenses not charged off
.
.
$2,885 35
Less State or local taxes not charged off .
.
119 23
---------------——
3,004 58
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
$1,995,868 37
99,500 00
10,956 96
34,754 72
$2,141,080 05
BANK COMMISSIONER.
No. 8.]
223
Total Expenses for the Year, including State Taxes.
Total.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
$12,544.66
Amount paid for
$5,332.17 $5,545.00
$500.00
$1,167.49
5 .8 5
Cost per $1,000 of assets
2.49
2 .59
.23
.54
3 .1 3
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $93,005.44.
Rates on Investments and Loans (Average on All, 4.57%).
Real estate loans (average rate, 5.03 per cent.): 5%, $820,470.21; 5J^%, $10,950 ; 6%, $20,950.
Personal loans (average rate, 4.47 per cent.): 4 }£% < $235,000; 4 Ys% , $50,000; 4 Yz% , $166,700;
5J^%,
$50,000.
(average rate on book values, 4.11 per cent.): 3J^%, $246,000; 3M%> $23,500; 4%,
$341,000: 4J*%, $75,000; 5%, $20,000; 7%, $20,000; 13%, $10,000.
Bonds, stocks, etc.
Number of loans not over $3,000 each, 326, amounting to $487,570.21.
42 real estate loans made during year, amounting to $73,050.
Dividends, Deposits and Withdrawals.
$37,373 27
37,704 27
298,149 54
Ordinarv dividends declared during year: Dec., 1911, 2%
June, 1912, 2%
Number of deposits during year, 4,823, amounting to
Number of withdrawals during year, 4,080, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$373,227 08
338,002 24
.
$35,224 84
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Concord 3}4s
10.000 Concord 4s
Public Funds, Notes.
16.000 Concord 3 Y s
23,500 Concord 3%s
6,000 Concord 4s
$65,500
Railroad Bonds.
$10,000 Boston & Albany 3J^s
15.000 Boston & Lowell 4s
10.000 Boston & Maine 4s
25.000 Boston & Maine 4J^s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000 C., B. & Q. 3V2s
25.000 Chic. & Northw. 4s
10.000 Cleveland & Pitts. 3\4s
50.000 Concord & Montreal 4s
10.000 Conn. & Passumpsic Riv. 4s
10.000 Conn. River 3M>s
25.000 Delaware k Hudson 4s
30.000 Fitchburg 4s
20.000 Illinois Central 3 x/ 2s
10.000 Illinois Central 4s
20.000 Kal., Alle. & Gr. R. 5s
50.000 Michigan Central 3 Y s
25.000 N. Y. C. & H. R. 3^s
20.000 N. Y „ N. H. & H. 3^s
25.000 N. Y., N. H. & H. 4sf
20.000 Old Colony 4s
10.000 Portland & R. Falls 4s
June 12.
f N ot a legal investment.
$10,000 Sullivan Co. 4s
20,000 Troy & Boston 7s
$475,000
Street Railway Bonds.
$25,000 Boston Elevated 4s
50.000 Boston Elevated 4p<is
20.000 West End 4s
$95,000
Bank Stocks.
Shs.
50 Tremont Nl. Bk., Boston
100 Concord Nl. Bk.
REPORT OF THE
224
[Pub. Doc.
MILFORD SAVINGS BANK, MILFORD.
236 M AIN STREET.
Incorporated April 24, 1851.
Number of corporators, 47; number of trustees, 13.
Z ib e o n C. F ie l d , President.
J a m e s E . W a l k e r , Treasurer.
C h a r l e s A . C l a f l in , Clerk o f the Corporation.
H . D . B o w k e r , C. A. C l a f l in , C. A . C o o k , H . M . C u r t is s ,
J. P. D a n ie l s , C . H. D r a p e r , G. A . D r a p e r , S. A . E a s t m a n , G. W . E l l is , Z. C. F i e l d , A u g u stu s
Board o f Trustees: O r la n d o A v e r y ,
W h e e l e r , W e n d e l l W i l l ia m s .
Board o f Investm ent: Z . C . F i e l d , C . A . C o o k , A u g u st u s W h e e l e r .
Auditing Comm ittee:
H. D . B o w k e r , O r l a n d o A v e r y , S. A . E a s t m a n .
Deposits draw interest from second Saturday of January, April, July and October; dividends are pay
able the second Saturday of April and October. Business hours; 9 a .m . to 3 p .m .; Saturdays
9 a .m . to 1 P.M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
$655,336
632.000
135.000
93,100
50.000
60.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
06
00
00
00
00
00
$1,625,436 06
Estimated
Market Value.
Book Value.
$658,081
595,497
130,325
213,975
48,000
53,700
$654,736
627,740
135,000
132,377
50,000
52,425
40
50
00
00
00
00
$1,699,578 90
Total Assets
$1,652,278 56
741,249
806,155
25,000
6,794
27,810
1,053
329 loans on real estate (average o f each, $ 2 ,2 5 3 .0 4 ) .
.
.
.
.
64 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 2 5 ,0 0 0 ; assessed value, $ 3 0 ,5 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 1 0 .3 5 0 ) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
06
00
00
50
00
00
00
00
00
54
81
16
.
.
.
.
.
$3,260,341 07
.
.
.
.
.
$3,054,430 46
Liabilities.
Due depositors on 9,511 accounts, averaging $321.15 each
( Accounts opened during year, 1 ,1 5 3 ; closed, 9 9 4 ; increase, 159)
Surplus: —
a. Guaranty fund (4 .9 8 % o f deposits; increase during year, $ 5 ,0 7 4 -9 8 ) .
h. Profit and loss ( increase during year, $4<083.13)
.
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$1,326 70
b. Rent
.
.
.
.
.
.
.
25 00
-----------------------$1,351 70
Less current expenses not charged off
.
.
.
.
49 75
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152,217 39
52,391 27
1,301 95
Total Liabilities
.
.
$3,260,341 07
No. 8.]
BANK COMMISSIONER.
225
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
19,110.67
$5,729.00 $800.00
$94.18
$645.02
$16,378.87
Cost per $1,000 of assets
2 .7 9
1.76
.24
.03
.20
5.02
Cost per $1,000 of assets not including State tax and rent
.
.
.
.
.
1.99
Gross income received during the year, $140,711.90.
Rates on Investments and Loans (Average on All, 4.50% ).
(average rate, 4.87 per cent.): 4%, $25,500; 4J^%, $17,500; 4J^%, $128,225; 4 % % ,
$10,918; 5%, $545,441; 5 ^ % , $3,000; 6%, $10,265; 7%, $400.
Personal loans (average rate, 4.76 per cent.): 4%, $1,000; 4 }4%> $132,500; 4 % % , $100,000; 4J^%,
$163,900; 4 3A % , $35,000; 5%, $207,875; 5 K % , $115,000; 5}^% , $25,700; 5M % , $25,000; 6%,
$180.
B o n d s , stocks, etc. (average rate on book values, 4.20 per cent.): 3J^%, $300,000; 3 % % , $15,900; 4%,
$926,436.06. 4J^%, $225,000; 5%, $65,000; 7%, $4,500 ; 8%, $74,600; 12%, $14,000.
Real estate loans
Number of loans not over $3,000 each, 378, amounting to $428,797.06.
66 real estate loans made during year, amounting to $102,030.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 10,159, amounting to
$56,531 52
57,466 97
590,499 25
.
$704,497 74
611,223 22
Number of withdrawals during year, 7,741, amounting to
$93,274 52
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3,V^s
45.000 Boston 4s
6.000 Bridgeport, Ct., 4s
20.000 Cambridge 4s
50.000 Chicago, 111., 4s
8.000 Dubuque, la., 4s
25.000 Los Angeles, Cal., 4J^s
7.000 Lynn 4s
25.000 Minneapolis, Minn., 4s
50.000 New Bedford 4s
20.000 New Britain, Ct., 4s
10.000 Newport, R. I., 4s
20.000 Newton 4s
11.000 Providence, R. I., 4s
12.000 Saginaw, Mich., 4s*
15.000 Springfield, Mo., 5s
27.000 Taunton 4s
20.000 Waterbury, Ct., i lA s
10.000 Douglas 4s
20.000 Maynard 4s
47.000 Milford 4s
50.000 Stamford, Ct., 4 A s
15.000 Tiverton, R. I., 4s
25.000 So. Hadley (F.D.) 4s
Public Funds, Notes.
$5,000 Bellingham 4s
11,836 Medway 4s
5,500 Mendon 3^s
6,600 Mendon 4s
40.000 Milford 3^8
10,400 Milford 3%s
28.000 Milford 4s
$655,336
Railroad Bonds.
$50,000 Boston & Albany 3 A s
50.000 Boston & Albany 4s
30.000 Boston & Maine 4s
60.000 Boston & Maine 4J^s
25.000 C., B. & Q. Zy2s
75.000 C., B. & Q. 4s
10.000 Cleveland & Pitts. 4}4s
10.000 Fitchburg 4s
25.000 Fitchburg 4)^s
15.000 New England 5s
50.000 N. Y. C. & H. R. 3^s
75.000 N .Y ., N .H .& H .3H S
75.000 N. Y „ N. H. & H. 4s
D a t e of E x a m in a t io n , September 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* Legal investments when made.
$25,000 No. Maine Seaport 5s
12.000 Old Colony 4s
45.000 Wore., Nash. & R. 4s
$632,000
Street Railway Bonds.
$40,000 Boston Elevated 4s
25.000 Boston Elevated 4)^s
60.000 West End 4s
10.000 Worcester Cons. 4Ks *
$135,000
Bank Stocks.
Shs.
25 Continental Nl. Bk., Boston
140 First Nl. Bk., Boston
285 Nl. Shawmut Bk., Boston
47 Nl. Union Bk., Boston
33 State Nl. Bk., Boston
12 Webster & Atlas Nl. Bk., Boston
125 Home Nl. Bk., Milford
289 Milford Nl. Bk.
226
REPO RT OF THE
[Pub. Doc,
MILLBURY SAVINGS BANK, MILLBURY.
ELM STREET.
Incorporated April 10, 1854.
I s a N. G o d d a r d , President.
Number of corporators, 40; number of trustees, 20.
E b n e s t L . S m it h , Treasurer.
E d w a r d F. R i c e , Clerk o f the Corporation.
H. W . A ik e n , H . W . C a r t e s , J. M . C b o n in , T . A . D o w d , D a m ie n D u c h a h m e ,
G . J. D u d l e y , H. W . G l o v e s , H. N. G o d d a r d , I. N. G o d d a r d , J. R . L in c o l n , H . T . M a x w e l l ,
F. W . M o o r e , J. W . P i e r c e , E . F. R ic e , H. F. R i c e , G . I. S t o w e , T. H. S u l l iv a n , L . S. W a t e r s ,
W . W . W in d l e , T. A . W i n t e r .
B oard o f Trustees:
Board o f Investm ent:
I. N. G o d d a r d , H. W . C a r t e r , D a m ie n D u c h a r m e , G . J. D u d l e y , J. R. L in c o l n .
A uditing Comm ittee: H . M . G o d d a r d ,
H. T. M a x w e l l , T . A . D o w d .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$128,100
315,500
94.000
32,300
35.000
119,600
00
00
00
00
00
00
$724,500 00
Estimated
Market Value.
Book Value.
$124,207
308,455
94.045
61.045
31,325
38,515
$128,100
314,850
94,000
32,300
31,562
43,344
50
00
00
00
00
00
$657,592 50
393 loans on real estate (average o f each, $ 2 ,4 8 5 .3 0 ) .
.
.
.
.
.
12 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 3 2 ,9 6 5 ; assessed value, $ 1 1 ,8 0 0 )
Suspense account
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$644,156 89
957,075
122,975
20,000
12,664
17,422
2,045
.
.
.
Total Assets
00
00
00
00
50
39
00
00
00
44
71
43
$1,776,339 47
Liabilities.
Due depositors on 3,541 accounts, averaging $450.95 each
$1,596,833 57
( Accounts opened during year, 5 1 9 ; closed, 1 9 6 ; increase, 323)
Surplus:'—
а. Guaranty fund {4 -9 5 % o f deposits; increase during year, $ 1 ,9 3 1 .3 6 )
б. Profit and loss (increase during year, $ 1 0 ,5 7 0 .8 7 ) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
$26,746 55
b. R ent
.
.
.
.
.
.
.
25 42
----------------------$26,771 97
Less current expenses not charged off
.
.
.
.
854 72
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
78,991 33
74,597 32
25,917 25
. $1,776,339 47
No. 8.]
BANK COMMISSIONER.
227
i
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$2,727.05
$2,556.90
Cost per $1,000 of assets
1.53
1.44
Cost per $1,000 of assets not including State tax and rent
Advertising.
$104.50
.06
.
.
Other Expenses.
Total.
$578.93
$5,967.38
.32
3 .3 5
.
.
.
1.82
Gross income received during the year, $79,485.02.
Rates on Investments and Loans (Average on All, 4.70%).
Beal estate loans (average rate, 5.03 per cent.): 5%,
Personal loans (average rate, 4.59 per cent.): 4J^%,
$924,910; 6%, $32,165.
$75,000: 4% % , $25,000; 4M%> $20,000; 5%, $1,550;
6%, $1,425.
(average rate on book values, 4.22 per cen t.): 2%, $6,850; S } 4 % , $35,000; 4% , $313,100;
4 ^ % , $169,000; 5%, $56,000; 6%, $5,700; 7%, $13,800; 10%, $8,300; 12%, $5,000; 13%, $1,000.
B onds, stocks, etc.
Number of loans not over $3,000 each, 318, amounting to $318,804.
73 real estate loans made during year, amounting to $243,309.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 3,006, amounting to
$30,516 28
30,040 18
168,417 55
Number of withdrawals during year, 1,932, amounting to
$228,974 01
173,734 67
$55,239 34
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3J^s
10.000 Boston 4s
15.000 Holyoke 4s
11.000 Sioux City, la., 4J/ls
6.000 Longmeadow 4s
10.000 Marshfield 4s
9.000 Saugus 4s
10.000 South Hadley 4s
Public Funds, Notes.
12,100 Millbury 4s
17.000 Sutton 4s
3.000 Sutton 4Hs
$16,000 B., R. B. & Lynn 4J^s
5,500 Cedar Rap. & Mo. Riv. 7s
35.000 Chic. & Northw. 4s
26.000 Fitchburg 4s
25.000 Fitchburg 4}^s
18.000 Illinois Central 4s
10.000 Michigan Central 4s
10.000 New London North. 4s
10.000 N .Y ., N. H. & H .3 ^ s
39.000 N. Y., N. H .& H . 4s
20.000 No. Maine Seaport 5s
10.000 Portland & R. Falls 4s
$315,500
$128,100
Railroad Bonds.
$17,000 Boston & Albany 4s
74,000 Boston & Maine 4J^s
Street Railway Bonds.
$30,000 Boston Elevated
5,000 Boston & Northern 4s
10,000 East Middlesex 5s
D a t e of E x a m in a t io n , February 8, 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$21,000 Lynn & Boston 5s
13.000 Springfield 4s
5,000 West End 4s
10.000 West End 4p£s
$94,000
Bank Stocks.
Shs.
50 First Ward NI. Bk., Boston
57 Nl. Bk. of Commerce, Boston
35 Second Nl. Bk., Boston
25 South End Nl. Bk., Boston
53 State Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
20 North Adams Nl. Bk.
25 Ware Nl. Bk.
48 Worcester Nl. Bk.
228
REPO RT OF THE
[Pub. Doc.
MILTON SAVINGS BANK, MILTON.
62 ADAM S STREET.
Incorporated M ay 18, 1905.
Number of corporators, 30; number of trustees, 18.
H . C l if f o r d G a l l a g h e r , President.
F r e d e r ic k A . G a s k in s , Treasurer.
J o h n A l d e n L e e , Clerk o f the Corporation.
K . C u m m in s , W . H . F it z p a t r ic k , S a m u e l G a n n e t t , H . C . G a l l a g h e r , F. R .
H a r t , J. P. H o l m e s , W a l t e r J a c k s o n , J. F. P e r k in s , C . S. P ie r c e , M . V. P i e r c e , J. F. P o p e ,
N. H . S t o n e , J o h n T a l b o t , W . B. T h u r b e r , H ir a m T u e l l , E. P. W h it n e y , C . W . W h i t t ie r ,
G e o r g e W ig g l e s w o r t h .
B oard o f Trustees: T .
Board o f Investm ent: T .
K . C u m m in s , H. C . G a l l a g h e r , N . H. S t o n e , G e o r g e W ig g l e s w o r t h , J oh n
T albot.
A uditing Com m ittee:
M . V. P ie r c e , H ir a m T u e l l , J. P . H o l m e s .
Deposits draw interest from second Thursday of March, June, September and December; dividends
are payable the fourth Thursday of March and September. Business hours: Mondays, Wednes
days and Fridays, 4 to 6.30 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
$14,000 00
217,000 00
20,000 00
$13,660
204,435
18,825
5,370
6,000 00
$257,000 00
Book Value.
00
00
00
00
$242,290 00
45 loans on real estate (average o f each, $ 2 ,9 1 0 )
11 loans on personal security
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
$14,115
208,868
19,181
5,390
00
75
25
00
$247,555 00
130,950
150,000
1,702
500
00
00
90
00
$530,707 90
Total Assets
Liabilities.
Due depositors on 2,265 accounts, averaging $229.91 each
.
.
.
.
.
$520,754 74
( Accounts opened during year, 3 7 6 ; closed, 5 5 ; increase, 321)
Surplus: —
a. Guaranty fund ( 1 .0 8 % o f d ep osits; increase during year, 8 1 ,2 5 4 -2 9 ) .
b. Profit and loss (increase during year, $ 9 1 5 -4 8 )
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
5,645 54
2,745 85
$1,885 15
323 38
1,561 77
Total Liabilities
.
.
.
.
.
$530,707 90
No. 8.]
BANK COMMISSIONER.
229
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$1,738.99
$474.99
$500.00
$118.50
$489.52
Cost per $1,000 of assets
3 .2 7
.89
.94
.22
.92
Cost per $1,000 of assets not including State tax and rent .
Total.
$3,322.00
6.24
2 .03
Gross income received during year, $20,156.10.
Rates on Investments and Loans (Average on All, 4.36% ).
Real estate loans (average rate, 4.97 per cent.): 4 % % , $14,000; 5%, $116,950.
Personal loans (average rate, 4.24% ): 4%, $25,000; 4 } i % , $100,000; 4% % , $10,000; 4J^%, $15,000.
Bonds, stocks, etc. (average rate on book values, 4.07 per cent.): 3%, $10,000; 3)^% , $43,000; 4%,
$184,000 ; 4 ^ % , $20,000.
Number of loans not over $3,000 each, 32, amounting to $54,050.
9 real estate loans made during year, amounting to $33,600.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; March, 1912, l % % .
.
.
.
.
Sept., 1912, 1 M % ...........................................
Number of deposits during year, 3,076, amounting to
.
.
.
.
.
Number of withdrawals during year, 1,621, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$7,450 68
8,095 64
171,624 25
.
$187,170 57
124,556 80
.
$62,613 77
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Boston 3J^s
9,000 Milton 4s
$14,000
Railroad Bonds.
$5,000 Atch., Top. & Santa Fé 4s
15.000 Baltimore & Ohio 3J^s
10.000 Boston & Albany 3J^s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000 Boston & Albany 4s
3.000 Boston & Lowell 3)-2S
10.000 Boston & Maine 4}^s
10.000 C., B .& Q . 3J^s
34.000 C ..B .& Q . 4s
25.000 Chic. & No. Western 4s
5.000 Chic., R. I. & Pac. 4s
20.000 Delaware & Hudson 4s
3.000 Fitchburg 4s
10.000 Fitchburg 4}^s
10.000 Illinois Central 3s
July 12.
$5,000 Illinois Central 4s
40,000 N. Y., N. H. & H. 4s
7,000 Old Colony 4s
$217,000
Street Railway Bonds.
$10,000 Boston & Northern 4s
10,000 West End 4s
$ 20,000
230
REPO RT OF THE
[Pub. Doc.
MONSON SAVINGS BANK, MONSON.
64 M AIN STREET.
Incorporated M arch 29, 1872.
E dw ard
D.
Number of corporators, 29; number of trustees, 13.
C t j s h m a n , President.
W il l ia m
C harles
L.
A.
B r a d w a y , Treasurer.
R i c k e t t s , Clerk o f the Corporation.
C. A . B r a d w a y , E . D . C u s h m a n , R . P . C u s h m a n , A . D . E l l i s , R u f u s F a y , G . C.
L. C. F l y n t , C. M . G a g e , C. W . J a c k s o n , O. C. M c C r a y , A. D . N o r c r o s s , W . L.
i c k e t t s , P. W . S o u l e .
B oard o f Trustees:
F lynt,
R
Board o f In vestm ent:
E. D.
C u sh m an ,
A. D .
A uditing Com m ittee:
A. D .
N orcross, R . P . C u sh m an , R u fus F a y .
N orcross, C . M . G a g e ,
L.
C. F lynt.
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours; 9 a . m . to 12 m . ; 1 to 4 p . m . ; Saturdays, 9 a .m . to 12 m .
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
Street railway bonds
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
American Tel. & Tel. Co. bonds
.
Par Value.
.
.
.
.
.
.
.
.
$154,800
352,000
55,000
24,626
35,000
20,000
00
00
00
00
00
00
$641,426 00
Estimated
Market Value.
Book Value.
$153,055
339,730
52,050
47,670
33,600
17,900
$154,693
349,965
54,950
24,315
35,000
18,075
00
00
00
00
00
00
$644,005 00
419 loans on real estate {average o f each, $2,644.71) .
32 loans on personal security
.
.
^
.
Bank building and fixtures {estimated value, $ 2 2 ,0 0 0 ; assessed value, $ 1 8 ,0 0 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
75
00
00
00
00
00
$636,998 75
1,108,135
144,425
22,000
79,192
3,539
21
00
00
23
66
Total Assets
$1,994,290 85
Due depositors on 3,548 accounts, averaging $510.17 each
1,810,108 38
Liabilities.
{Accounts opened during year, 3 4 4 ; closed, 3 2 3 ; increase, 21)
Surplus: —
a. Guaranty fund (4 -9 3 % o f deposits; increase during year, $ 1 ,7 5 0 )
b. Profit and loss {increase during year, $ 7 ,5 0 0 )
Current incom e: —
a. Interest .
.
.
.
.
.
.
$25,113 81
b. Miscellaneous .
.
.
.
.
.
218 00
$25,331 81
399 34
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
89,250 00
70,000 00
24,932 47
Total Liabilities
.
. $1,994,290 85
No. 8,
BANK COMMISSIONER
231
T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,3 95 .9 3 '
$3,091.00
Cost per $1,000 of assets
1.20
1.55
Cost per $1,000 of assets not including State tax and rent
Advertising.
$36.00
.02
Other Expenses.
$681.86
.34
Total.
!6,204.79
3.11
1.91
Gross income received during the year, $90,067.23.
Rates on Investments and Loans (Average on All, 4.75% ).
Real estate loans (average rate, 5 per cent.): 5%, $1,102,160.21; 5M % , $1,850; 6%, $4,125.
Personal loans (average rate, 5.35 per cent.): 4M % , $15,000; 5%, $64,050; 5M%> $10,000; 6%, $55,375.
B onds, stocks, etc. (average rate on book values, 4.17 per cent.): 3M%> $135,000; 4%, $404,000; 4M%»
$37,800; 5%, $22,800; 6%, $33,000; 7%, $2,500; 10%, $3,000; 12%, $3,000.
Number of loans not over $3,000 each, 282, amounting to $398,890.21.
22 real estate loans made during year, amounting to $69,253.21.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 2,320, amounting to
$34,470 58
34,937 53
211,115 00
Number of withdrawals during year, 2,159, amounting to
$280,523 11
223,697 76
N et increase in amount due depositors
$56,825 35
SCHEDULE OF SECURITIES OW NED:.
Public Funds, Bonds.
$10,000 Massachusetts 3Ms
10.000 Middlesex Co. 4s
5.000 Boston 4s
10.000 Brockton 4s
10.000 Cambridge 4s
10.000 Chicago, 111., 4s
10.000 Everett 4s
10.000 Holyoke 4s
10.000 Malden 4s
10.000 Newton 4s
10.000 Concord 3 Ms
10.000 Cumberland, R. I., 4s
5.000 East Providence, R. I., 4s
5.000 Methuen 4s
12.000 Monson 4s
10.000 Natick 4s
Public Funds, Notes.
6,000 Monson 4Ms
1,S00 Holland 4 Ms
$154,800
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Railroad Bonds.
$10,000 Bangor & Aroostook 5s
20.000 Boston & Albany 4s
15.000 Boston & Lowell 4s
20.000 Boston & Maine 4s
10.000 Boston & Maine 4Ms
10,0t)0 Boston & Providence 4s
20.000 C., B. & Q. 3Ms
17.000 C., B. & Q. 4s
10.000 Chic., Mil. & St. P. 5s
10.000 Cleveland & Pitts. 4Ms
10.000 Concord & Montreal 4s
10.000 Conn. & Pass. Rivers 4s
10.000 Conn. River 4s
10.000 Delaware & Hudson 4s
20.000 Fitchburg 4s
20.000 Illinois Central 3Ms
10.000 Lake Sh. & Mich. So. 3Ms
10.000 Louis., Cin. & Lex. 4Ms
10.000 Michigan Central 3Ms
10.000 New London Northern 4s
10.000 N. Y. C. & H. R. 3Ms
10.000 N. Y ..L .& W . 6s
30.000 N. Y „ N. H. & H. 4s
10.000 Norwich & Worcester 4s
10.000 Old Colony 4s
July 30, 31.
$10,000 Sioux City & Pacific 3Ms
10,000 St. P. & Nor. Pac. 6s
$352,000
Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston & Northern 4s
25.000 Springfield 4s
10.000 West End 4s
$55,000
Bank Stocks.
Shs.
30 First Nl. Bk., Boston
30 Merchants Nl. Bk., Boston
25 Nl. Bk. of Commerce, Boston
5 Tremont Nl. Bk., Boston
25 City Nl. Bk., Holyoke
90 Monson Nl. Bk.
15 Palmer Nl. Bk.
11 Agawam Nl. Bk., Springfield
25 Union Trust Co., Springfield
3 Ware Nl. Bk.
232
REPO RT OF THE
[Pub. Doc.
NANTUCKET INSTITUTION FOR SAVINGS, NANTUCKET.
55 M AIN STREET.
A lm on
T.
Incorporated April 2, 1834.
Number of corporators, 40; number of trustees, 19.
M o w h y , President.
J o s ia h
L iz z ie
M u b p h e y , Clerk o f the Corporation.
Board o f Trustees:
H o lm es,
Jr.,
A. G.
F.
B bock, H enby
B bow n,
S . R i d d e l l , Treasurer.
W . F. C o d d , E . B . C o l e m a n , A . H. C o o k , J. A.
E. H . J e b n e g a n , A . T . M o w b y , J. F. M u b p h e y ,
G. C . R u l e , R . C . S m a l l , E . G. T h o m a s , A . T .
W il l ia m H o l l a n d , L e s t e b H u l l ,
H e n b y P a d d a c k , D a v id P a b k e b , B .
W i n s l o w , J. M . W i n s l o w .
Board o f Investm ent:
A . T.
J. M .
P ease,
A. H o l m e s ,
E . G. T h o m a s .
M o w b y , H e n b y B b o w n , J.
R . C.
Auditing Com m ittee:
E.
W in s l o w ,
Sm all,
E. B.
J r .,
E.
H . Jebnegan,
G. C.
R ule,
C olem an, W . F. C odd.
Deposits draw interest from first M onday of January, April, July and October; dividends are payable
the second M onday of January and July. Business hours: 9 a .m . to 1 f . m . from M ay 1 to N ovem
ber 1; 10 a . m . to 1 p . m . from N ovember 1 to M ay 1.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
$31,000
94,500
22,000
4,900
20,000
17,000
14,600
00
00
00
00
00
00
00
$30,687
87,910
21,615
7,550
19,200
15,215
11,972
$204,000 00
50
00
00
00
00
00
00
$194,149 50
346 loans on real estate (average o f each, $1,794-16) .
35 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $ 6 ,0 0 0 ; assessed value, %5,715)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Book Value.
$31,000
94,500
22,000
4,900
20,000
16,243
13,230
00
00
00
00
00
75
53
$201,874 28
620,779
147,769
4,500
9,524
1,305
00
00
00
53
94
Total A s s e t s ...........................................$985,752 75
Liabilities.
Due depositors on 2,010 accounts, averaging $446.41 each
.
.
.
.
.
$897,292 66
( Accounts opened during year, 2 9 3 ; closed, 2 1 9 ; increase, 74)
Surplus: —
а. Guaranty fund { 4 .7 7 % o f d ep osits; increase during year, $ 2 ,1 9 3 .9 1 ) .
б. Profit and loss ( increase during year, $ 1 ,6 6 3 .4 9 )
.
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$16,554 51
b. R e n t ................................................................
122 61
----------------------$16,677 12
Less current expenses not charged off
.
.
.
.
771 95
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42,811 86
29,743 06
15,905 17
Total L ia b i lit i e s ...........................................$985,752 75
No. 8.j
BANK COMMISSIONER.
233
T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,289.44
$1,970.25
$100.00
Cost per $1,000 of assets
1.31
2 .0 0
.10
C o s t per $1,000 of assets not including State tax and rent
.
.
.
Other Expenses.
Total.
$522.82
$3,882.51
.53
3.94
.
.
.
2.53
Gross income received during the year, $47,570.75.
Rates on Investments and Loans (Average on All, 5.03%).
B eal estate loans (average rate, 5.48 per cent.): 5%, $254,833; 5 } 4 % , $131,125;
Personal loans (average rate, 4.95 per cent.): 4J^%, $70,000; 4 ^ % . $10,000; 5%,
6%, $234,821.
$5,987; 5J^%» $20,000;
5H % , $20,000; 5 ^ % , $10,000; 6%, $11,782.
B o n d s , stocks, etc. (average rate on book values, 3.95 per cent.): 1%. $14,600; 3 K % , $62,000; 4%,
$65,900; 4 ^ % , $51,000; 5%, $1,000; 6%, $1,000; 7%, $7,000; 8%, $1,500.
Number of loans not over $3,000 each, 311, amounting to $334,173.
68 real estate loans made during year, amounting to $112,395.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2J^%
Number of deposits during year, 1,816, amounting to
$16,522 90
21,355 89
142,187 69
$180,066 48
146,976 79
Number of withdrawals during year, 1,795, amounting to
Net increase in amount due depositors
$33,089 69
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$3,000 Bay City, Mich., 4s
3.000 Middletown, Ct., 3,V£s
5.000 Saginaw, Mich., 4^s*
15,000 Sioux City, la., 4J^s
5.000 Billerica 4s
$31,000
$22,000 C., B. & Q. 3Hs
17.000 Illinois Central 3J^s
8.000 Illinois Central 4s
15.000 N. Y., N. H. & H. 4s
500 Upper Coos 4s
10.000 Upper Coos 4h£s
7.000 Winona & St. Peter 7s
$94,500
Railroad Bonds.
$5,000 Boston & Maine 4s
10,000 Boston & Maine 4J^s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
September 17, 18.
* A legal investment when made.
Street Railway Bonds.
$10,000 Boston Elevated 4J^s
10,000 Springfield 4s
2,000 West End 4s
$ 22,000
Bank Stocks.
Shs.
10 Boylston Nl. Bk., Boston
15 Eliot Nl. Bk., Boston
10 Old Boston Nl. Bk., Boston
5 Nl. Bk. of Fairhaven
10 Pacific Nl. Bk., Nantucket
234
REPO RT OF THE
[Pub. Doc,
NATICK FIVE CENTS SAVINGS BANK, NATICK.
M A IN STR E E T.
Incorporated April 5, 1859.
H enry
C.
Number of corporators, 37; number of trustees, 16.
M u l l i g a n , President.
G.
H enry
Board o f Trustees: F . O . B
aston
,
W.
F r e d e r ic k
F i s k e , Clerk o f the Corporation.
R . B ig e l o w , C .
O . B a s t ó n , Treasurer»
H . C h i l d , W . H . C o l b y , F . E . C u m m i n g s , W . L.
J. B. L e a m y , H. C. M u l l i g a n , W . H . P f e i f f e r ,
W. W a l c o tt.
F e l c h , H . G. F i s k e , F . H . H a y e s , C. W . J o h n s o n ,
P o o k e , J. H . P r a t t , W . B. R o b i n s o n , J.
C. A .
Board o f Investm ent:
H.
C . M u l l ig a n , W .
H.
C olby, F.
H.
H a y e s , J. B . L e a m y , C . A . P o o k e , W . B .
R o b in s o n .
Auditing C om m ittee: W . R . B
ig e l o w
, H .
G.
F is k e , F . H . H a y e s .
Deposits draw interest from first day of February, M ay, August and N ovem ber; dividends are payable
the second Tuesday of M ay and November. Business hours: 9 a . m . to 3 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. C o. bonds
$679,900
439,600
198,000
28,200
78,000
1,149 loans on real estate (average o f each, $ 2 ,1 7 5 .6 9 )
Less amount due on uncompleted loans .
.
.
00
00
00
00
00
Estimated
Market Value.
Book Value.
$676,049
425,858
193,260
53,570
69,810
$679,856
436,813
197,980
28,200
70,948
50
00
00
00
00
$1,423,700 00
$1,418,547 50
.
$2,517,583 00
17,718 00
.
.
.
.
53
loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $ 2 6 ,0 0 0 ; assessed
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
T otal Assets
$1,413,798 75
2,499,865
62,537
24,000
364
58,700
11,606
.
value, $ 2 9 ,7 5 0 )
25
75
00
00
75
00
00
00
48
36
34
. $4,070,871 93
Liabilities.
Due depositors on 12,185 accounts, averaging $298.08 each
.
$3,632,019 66
(Accounts opened during yea r, 1 ,2 0 4 ; closed, 8 7 1 ; increase, 888)
Surplus: —
a. Guaranty fund
b. Profit and loss
Current incom e: —
a . Interest .
b. Rent
.
(4 -9 1 % o f deposits; increase during yea r, $ 8 ,6 8 2 )
(increase during year, $ 8 1 ,3 8 4 .7 4 ) .
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
.
.
.
.
.
.
T otal Liabilities
.
.
.
178,000 00
212,508 28
$48,028 56
315 43
-----------------
48,343 99
. $4,070,871 93
BANK COMMISSIONER.
No. 8.
235
Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
Amount paid for
$4,585.06
$5,186.52
$1,000.00 $52.50
Cost per $1,000 of assets
1.13
1.27
.24
.01
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$1,299.82
$12,123.90
.32
2.97
1.60
Gross income received during the year, $179,066.16.
Rates on Investments and Loans (Average on All, 4.71%).
1leal estate loans (average rate, 5.02 per cent.): 5%, $2,441,905; 5J^%, $18,540; 6%, $39,420.
Personal loans (average rate, 4.84 per cent.): 4J^%, $16,275; 4 % % , $2,400; 5%, $43,862.
B onds, stocks, etc. (average rate on book values, 4.16 per cent.): 3J^%, $58,800; 4%, $1,257,800;
4J^%,
$21,000; 5%, $37,600; 6%, $31,900; 7%, $1,100; 8%, $1,000; 10%. $12,000; 12%, $2,500.
Number of loans not over $3,000 each, 978, amounting to $1,446,587.
117 real estate loans made during year, amounting to $304,335.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
M ay, 1912, 2%
Number of deposits during year, 12,291, amounting to
$65,372 14
67,106 79
678,734 16
Number of withdrawals during year, 8,659, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$811,213 09
636,441 22
.
$174,771 87
SCHEDULE OF S E C U RITIE S OW NED.
Public Funds, Bonds.
$1,000 Altoona, Pa., 4s
3.000 Beverly 4s
68.000 Boston 4s
15.000 Brockton 4s
8.000 Chicago, 111., 4s
6.000 Haverhill 4s
2.000 Lawrence 4s
6.000 Lynn 4s
10.000 McKeesport, Pa., 4s
1.000 Minneapolis, Minn., 4}^s
6.000 Newton 4s
6.000 Quincy 4s
10.000 Worcester 4s
9.000 Arlington 4s
20.000 East Bridgewater 4s
10.000 Franklin 4s
16,500 Great Barrington 4s
15.000 Hadley 4s
31.000 Hingham 4s
17.000 Lincoln 4s
11.000 Littleton 4s
2.000 Methuen 4s
12.000 Milford 4s
31.000 Natick 3^s
95.000 Natick 4s
4.000 North Andover 4s
4.000 Orange 4s
15.000 Peabody 4s
8.000 Ware 4s
17.000 Wellesley 4s
31.000 Winthrop 4s
7.000 Wrentham 4s
D ate
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Public Funds, Notes.
$5,000 Middlesex Co. 4s
10.000 Agawam 4s
12.000 Attleborough 4s
10.000 Dedham 4s
6.000 Duxbury 4s
3.000 Methuen 4s
27,800 Natick Sy2s
81,600 Natick 4s
5.000 Natick 5s
2.000 Revere 4s
20.000 Wellesley 4s
$679,900
Railroad Bonds.
$5,000 Bangor & Aroostook 5s
27.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
92.000 Boston & Maine 4s
23,600 Burl. & Mo. River 6s
34.000 C., B. & Q. 4s
4.000 C., B. & Q. 5s
3.000 Chic. & Northw. 5s
1.000 Chic. & Northw. 6s
23.000 Concord & Montreal 4s
14.000 Dexter & Piscataquis 4s
48.000 Fitchburg 4s
75.000 N. Y ..N .H .& H . 4s
10.000 No. Maine Seaport 5s
38.000 Old Colony 4s
8.000 Pitts., Va. &„Char. 4s
M ay 22, 23.
$2,000 Rome, Watertown & Og. 5s
12,000 Wor., Nash. & Roch. 4s
$439,600
Street Railway Bonds.
$40,000 Boston Elevated 4s
16.000 Boston Elevated 4)^s
5.000 Lynn & Boston 5s
20.000 Springfield 4s
113,000 West End 4s
4.000 West End ± y 2s
$198,000
Bank Stocks.
Shs.
7 Boylston NI. Bk., Boston
25 First Nl. Bk., Boston
46 Nl. Bk. of Commerce, Boston
10 Second Nl. Bk., Boston
20 South End Nl. Bk., Boston
6 State Nl. Bk., Boston
5 Webster & Atlas Nl. Bk., Boston
16 Dedham Nl. Bk.
120 Natick Nl. Bk.
17 Framingham Nl. Bk., So. Fram.
10 First Nl. Bk., West Newton
REPORT OF THE
236
[Pub. Doc.
NEW BEDFORD FIVE CENTS SAVINGS BANK, NEW
BEDFORD.
37 PURCHASE STREET.
Incorporated April 14, 1855.
L oum
Number of corporators, 123; number of trustees, 39.
S n o w , Presid ent.
W il l ia m
G eorge
H . H.
H.
P i t m a n , Treasurer.
A l l e n , Clerk o f the Corporation.
F. T. A k i n , G. H. H . A l l e n , J . W . A l l e n , B e n j a m i n B a k e r , R . L . B a y l i e s , O. F .
J. H . B a r r o w s , J. H. C l i f f o r d , R . C. P. C o g g e s h a l l , H . C. D e n i s o n , W . O. D e v o l l ,
F. H. G i f f o r d , A. M cL . G o o d s p e e d , J. H. H e r r i n g , E. W . H e r v e y , H. W . H e r y e y ,
C. M. H u s s e y , H. M . K n o w l e s , H. S. K n o w l e s , L . C. L a p h a m , P . M . L u n d , A. G. P i e r c e , J r .,
A. R . P i e r c e , O. N. P i e r c e , J o s e p h P o i s s o n , L o u m S n o w , J. V. S p a r e , R . A . S o u l e , A. L .
S y l v i a , J i r e h S w i f t , J r . , G. R . S t e t s o n , F r e d e r i c T a b e r , G. T . T h o m p s o n , A. L . T u c k e r ,
J. W . W e b s t e r , W . R . W e s t , B e n j a m i n W i l c o x , T h o m a s W i l c o x .
Board o f Trustees:
B row n,
John D uff,
Board o f Investm ent:
W . O.
J ir e h
A uditing C om m ittee: J i r e h
P. M . L u n d , A. G. P i e r c e , Jr., O. N. P i e r c e ,
Jr., A. L. T u c k e r , W . R . W e s t , T h o m a s W i l c o x .
D evoll,
S w if t ,
Sw if t ,
Jr., J. W .
W ebster,
R . C. P.
L oum Sn ow ,
C o ggesh all.
Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable the second W ednesday of April and October. Business hours: 9 a . m . to 1 p.M.;also
Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$1,751,100
1,040,000
160,000
157.000
100.000
58,850
00
00
00
00
00
00
$3,266,950 00
Estimated
Market Value.
$1,730,003
991,775
157,625
288,210
89,500
51,110
75
00
00
00
00
75
$3,308,224 50
Book Value.
$1,737,427
1,014,715
160,000
163,266
93,229
53,191
50
00
00
96
00
32
$3,221,829 78
5,081,226
2,845,350
80,000
100
62
131,616
19,826
1,651 loans on real estate (average o f each, $ 3 ,0 7 7 .6 7 )
.
.
.
.
139 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, SI I S ,0 0 0 ; assessed value, $ 1 0 9 ,1 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 1 ,8 0 0 )
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
45
00
00
00
94
35
63
. $11,380,012 15
Total Assets
Liabilities.
. $10,570,420 68
Due depositors on 34,453 accounts, averaging $306.81 each
( Accounts opened
during year, 4 .5 1 3 ; closed, 4 ,0 2 1 ; increase, 492)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during yea r, $ 6 ,5 0 0 ) ].
b. Profit and loss {decrease during year, $ 2 ,1 0 1 .5 3 )
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
Foreclosure account
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
T otal Liabilities
.
.
528,500 00
250,523 19
$32,275 69
1,979 41
-------------—
30,296 28
272 00
$11,380,012 15
No. 8.]
BANK COMMISSIONER.
237
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$25,420.17 $20,067.74
$2,500.00
Cost per $1,000 of assets
2 .23
1.76
.22
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$2,574.72 $50,562.63
.23
4.44
.
.
.
1.99
Gross income received during the year, $522,276.94.
Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.19 per cent.): 4 }4% , $47,000; 4)4%, $130,000; 4)4% , $428,000; 4)4,%,
$50,014.45; 5%, $1,930,867; 5)4% , $2,412,407; 6%, $82,938.
Personal loans (average rate, 4.75 per cent.): 4%, $140,000; 4)4%, $100,000; 4)4% , $225,000; 4)4%,
$215,000; 4)4% , $637,000; 4^g%, $12,500; 4)4% , $339,000; 4 % % , $25,000; 5%, $580,750; 5)4% ,
$250,000; 5)4% , $213,900; 5% % , $89,000; 6%, $18,200.
Bonds, stocks etc. (average rate on book values, 4.25 per cent.) 3J^%, $611,000; 4% , $2,012,450; 4J^%,
$417,000; 5%, $59,500; 5)4% , $10,000; 6%, $30,000; 7%, $34,000; 8%, $1,200; 9%, $56,800; 10%,
$35,000.
Number of loans not over $3,000 each, 1,301, amounting to $2,133,546.
2 18 real estate loans made during year, amounting to $737,752.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 44,961, amounting to
$196,578 32
199,031 66
2,263,016 41
$2,658,626 39
2,359,559 19
Number of withdrawals during year, 28,554, amounting to
Net increase in amount due depositors
$299,067 20
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Massachusetts 3)4s
8.000 Bay City, Mich., 4s
5.000 Bay City, Mich., 5s
160.000 Boston 4s
25.000 Bridgeport, Conn., 4s
55.000 Cambridge 4s
20.000 Chicago, 111., 4s
30.000 Danbury, Conn., 4s
50.000 Detroit, Mich., 4s
195.000 Fall River 4s
50.000 Grand Rapids, Mich., 4)4ß
25.000 Haverhill 4s
50.000 Holyoke 3)4s
8.000 Holyoke 4s
25.000 Kansas City, Mo., 4s
45.000 Kansas City, Mo., 4)4.8
25.000 Lawrence 4s
25.000 Los Angeles, Cal., 4)4s
25.000 Lynn 4s
25.000 Milwaukee, Wis., 3J^s
340.000 New Bedford 4s
25.000 New London, Ct., 4s
25.000 New London, Ct., 5s
50.000 Newton 4s
25.000 Pittsburgh, Pa., 4s
25.000 Providence, R. I., 4s
10.000 Saginaw, Mich., 5)^s*
25.000 Salem 4s
30.000 San Francisco, Cal., 4)4s
D ate
of
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000 Springfield 4s
50.000 Taunton 3J^s
10.000 Willimantic, Conn., 4s
17.000 Middleboro’ (F.D.) 4s
Public Funds, Notes.
29,900 Dartmouth 4s
17,000 Dartmouth 4)4s
1,200 West Tisbury 4s
$1,751,100
Railroad Bonds.
$25,000 Boston & Albany 3)4s
50.000 Boston & Albany 4)4s
35.000 Boston A Maine 3J^s
50.000 Boston & Maine 4s
75.000 Boston & Maine 4J^s
50.000 C., B. & Q. 3)4s
24.000 C., B. & Q. 4s
50.000 Connecticut River 3)4 b
25.000 Fitchburg 3J^s
50.000 Fitchburg 4s
25.000 Fitchburg 4}4 b
51.000 Illinois Central 3)4a
50.000 Louisville & Nashville 4s
25.000 Michigan Central 3)4 b
50.000 Michigan Central 4s
September 23, 24, 25, 26, 27.
* A legal investment when made.
$50,000 New England 4s
25.000 N. Y „ N. H. & H. 3 ) 4 b
125.000 N. Y., N. H. & H. 4s
130.000 Old Colony 4s
50.000 Providence Term. Co. 4s
25.000 Portland & Ogdens. 4 ) 4 b
$1,040,000
Street Railway Bonds.
$75,000 Boston Elevated i)4 s
25.000 Springfield 4s
10.000 Union 5s
50.000 West End 4s
$160,000
Bank Stocks.
Shs.
100 Merchants Nl. Bk., Boston
150 Nl. Shawmut Bk., Boston
15 State Nl. Bk., Boston
200 Metacomet Nl. Bk., Fall River
100 Franklin Nl. Bk.
325 First Nl. Bk., New Bedford
12 Mechanics Nl. Bk., New Bedford
568 Merchants Nl. Bk., New Bedford
100 Third Nl. Bk. Springfield
238
REPO RT OF THE
[Pub. Doc.
NEW BEDFORD INSTITUTION FOR SAVINGS, NEW
BEDFORD.
174
Incorporated June 16, 1825.
W il l ia m
UNION STREET.
Number of corporators, 113; number of trustees, 32.
W . C r a p o , President.
E dmund
G eorge
W o o d , Clerk o f the Corporation.
H . B a t c h e l o r , Treasurer .
N. A l d e n , G i d e o n A l l e n , Jr., B . H . A n t h o n y , E . W . B o u r n e , E . S. B r o w n ,
G. W. ■
CyFFORD, C. A. C o o k , H. H. C r a p o , W . W . C r a p o , B e n j a m i n C u m m i n g s , H . E . C u s h , E . P. H a s k i n s , T. S. H a t h a w a y , H . S. H u t c h i n s o n , N. B. K e r r , J. W . K n o w l e s , W . A.
M a c k l e , H. C. W . M o s h e r , D. L. P a r k e r , E . T. P i e r c e , O l i v e r P r e s c o t t , W . A. R o b i n s o n ,
W . A. RoBmsON, J r., J .E . N. S h a w , E . D . S t e t s o n , C. M. T a b e r , F. H . T a b e r , H. L. T i f f a n y .
T . B . T r i p p , E . S. W i l d e , C . F. W i n g , E d m u n d W o o d .
Board o f Trustees: G .
m an
Board o f Investm ent:
W . W.
C r a p o , G i d e o n A l l e n , J r ., T , S. H a t h a w a y ,
P r e s c o t t , T . B . T r ip p , C . A . C o o k .
A uditing Comm ittee: O l i v e r P
rescott,
W.
E. T.
P ie r c e , O l iv e r
A . M a c k ie , B . H . A n t h o n y .
Deposits draw interest from first M onday of January, April, July and October; dividends are payable
on the second M onday of April and October. Business hours: 9 a . m . to 1 p . m .; also Saturdays,
7 to 9 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$3,963,085
4,307,800
432.000
708,260
80,000
205.000
115,591
54
00
00
00
00
00
67
$9,811,737 21
1,275 loans on real estate (average o f each, $ 3 ,7 2 5 .9 1 )
Less amount due on uncompleted loans .
.
.
.
.
.
.
$3,922,338
4,065,171
421,085
1,400,795
76,800
183,475
103,187
Book Value.
66 $3,955,304 29
50
4,171,895 25
00
432,000 00
00
708,260 00
00
80,000 00
00
187,861 25
50
111,425 38
$10,172,852 66
.
.
$9,646,746 17
$4,769,337 96
18,795 00
251 loans on personal security
.
.
.
Bank building and fixtures ( estimated value, $ 1 6 7 ,5 0 0 ; assessed value, $ 1 6 5 ,5 5 0 )
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
4,750,542
4,159,907
167,500
366,632
45,987
'.
Total Assets
96
72
00
85
64
. $19,137,317 34
Liabilities.
Due depositors on 35,613 accounts, averaging $501.42 each
.
.
.
.
$17,857,047 70
{Accounts opened during year, 4 ,6 7 4 ; closed, 8 ,9 0 4 ; increase, 770)
Surplus: —
a. Guaranty fund {5 % o f deposits; increase during year, 8 1 8 ,5 0 0 )
b. Profit and loss {increase during year, $ 5 4 ,4 8 5 .8 9 ) .
.
.
.
.
.
Current income: —
a. I n t e r e s t ...............................................................................................$34,518 55
b. Discount .
.
.
.
.
.
.
.
.
.
1,186 31
Unearned discount
.
.
.
.
.
.
.
.
892,500 00
350,204 88
35,704 86
1,859 90
.
Total L ia b ilit ie s .......................................... $19,137,317 34
T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$52,492.89
$21,819.20
Cost per $1,000 of assets
2 .7 4
1.14
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $836,310.17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Advertising.
Other Expenses.
Total.
$4,778.27
$79,090.36
.25
4 .13
..........................................
1.39
BANK COMMISSIONER.
No. 8.]
239
Rates on Investments and Loans (Average on All, 4.61%).
Real estate loans (average rate, 5 per cent.): 4 % , $ 5 2 0 ,0 0 0 ; 4 3£%, $ 1 3 5 ,0 0 0 ; 434%. $ 7 4 1 ,2 8 8 .1 5 ; 4<3£%.
$ 1 0 ,0 0 0 ; 5 % , $ 1 ,4 0 5 ,0 6 8 .8 8 ; 5 3 4 % . $ 1 ,8 6 4 ,1 9 5 .9 3 ; 6 % , $ 7 4 ,9 9 0 .
Personal loans (a v e r a g e r a t e , 4 .9 3 p e r c e n t .) : 4 3 4 % , $ 2 0 ,0 0 0 ; 4 3 4 % . $ 5 0 ,0 0 0 ; 4 3 4 % , $ 5 0 ,0 0 0 ; 4 3 4 % .
$ 8 4 4 ,0 0 0 ; 4 3 4 % , $ 2 5 ,0 0 0 ; 4 % % , $ 8 5 4 ,0 0 0 ; 5 % , $ 1 ,5 5 2 ,8 5 4 .9 2 ; 5 3 4 % , $ 3 3 ,7 5 0 ;
5 3 4 % , $ 1 2 5 ,0 0 0 ;
5 ) 4 % , $ 3 3 5 ,8 3 6 .8 0 ; 5 % % , $ 1 8 9 ,1 1 6 ; 6 % , $ 8 0 ,3 5 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .2 9 p e r c e n t .) : 1 % , $ 2 3 ,7 5 0 ; 3 % , $ 3 0 0 ,0 0 0 ; 3 3 4 % .
$ 2 ,1 7 6 ,0 0 0 ; 3 .5 5 % , $ 4 0 ,0 0 0 ; 3 .6 9 % , $ 2 5 ,0 0 0 ; 3 .7 0 % , $ 5 ,0 0 0 ; 3 3 4 % , $ 1 6 0 ,0 0 0 ; 3 .8 5 % , $ 4 0 ,0 0 0 ; 4 % ,
$ 5 ,6 4 4 ,4 6 5 .5 4 ; 4 M % , $ 1 9 ,7 0 0 ; 4 3 4 % , $ 3 6 2 ,9 8 0 ; 5 % , $ 2 7 9 ,5 4 1 .6 7 ; 6 % , $ 1 3 2 ,3 0 0 ; 7 % , $ 1 5 5 ,0 0 0 ;
8 % , $ 1 2 2 ,0 0 0 ; 9 % , $ 1 0 9 ,6 0 0 ; 1 0 % , $ 9 9 ,4 0 0 ; 1 1 % , $ 1 0 0 ,0 0 0 ; 1 2 % , $ 1 7 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 1 ,0 3 2 , a m o u n t in g t o $ 1 ,6 0 2 ,8 3 7 .9 8 .
3 1 4 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 8 6 1 ,3 6 1 .
Dividends, Deposits and Withdrawals.
$ 3 3 7 ,6 4 7 14
3 4 0 ,2 8 2 53
2 ,8 7 1 ,5 8 4 4 0
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : A p r il, 1 9 1 2 , 2 %
O c t ., 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 3 7 ,5 7 7 , a m o u n t in g t o
$ 3 ,5 4 9 ,5 1 4 0 7
3 ,1 9 3 ,6 4 6 62
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 9 ,5 2 6 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
$ 3 5 5 ,8 6 7 4 5
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Massachusetts 3s
440.000 Massachusetts 3}4s
50.000 Essex Co. 4s
380.000 B oston 4s
11.000 Canton, O., 334s
100.000 Chicago, 111., 4s
50.000 D anbury, Ct., 4s
29.000 E verett 4s
25.000 Fall R iver 4s
29.000 Gloucester 4s
50.000 G rand Rapids, M ich., 434s
74.000 H averhill 4s
48.000 H olyoke 4s
130.000 Kansas City, M o ., 4s
50.000 Kansas City, M o., 434s
20.000 Low ell 4s
25.000 Lynn 4s
10.000 M ilwaukee, W is., 5s
100.000 M inneapolis, M inn., 4s
267.000 New Bedford 334s
436.000 New Bedford 4s
50.000 Omaha, N eb., 434s
50.000 Philadelphia, Pa., 4s
35.000 Pittsburgh, Pa. ,4s
50.000 Pittsfield 4s
50.000 Providence, R . I., 4s
• 24,000 Somerville 4s
15.000 Springfield, 0 ., 4s
29.000 Springfield, 0 ., 434s
5,000 Springfield, 0 ., 5s
73,750 Syracuse, N . Y ., 4s
25.000 W illim antic, Ct., 4s
30.000 W oonsocket, R . I., 4s
50.000 W oonsocket, R . I., 434s
10.000 Brookfield 4s
25.000 East Providence, R . I., 4s
64,500 Fairhaven 4s
50.000 M arion 434s
25.000 Peppered 4s
8,400 Plainville 4s
25.000 W inthrop 334s
Public Funds, Notes.
200.000 Bristol Co. 4s
200.000 New Bedford 3)4s
D ate
of
$100,000
4.000
25.000
40.000
35.000
16,705
10.000
3.000
5,400
5,980
40.000
2.000
5.000
15,350
20.000
9,700
7,300
New B edford 334s
Acushnet 4s
Am esbury 3.69%
Attleborough 3.55%
Fairhaven 334s
Fairhaven 4s
Fairhaven 434s
Fairhaven 434s
Fairhaven 5s
G osnold 434s
Leominster 3 .85%
M attapoisett 4s
N orton 3.70%
Revere 4s
W estport 4s
W estport 434s
W estport 5s
Railroad Bond3.
Boston & Albany 334s
Boston & Albany 4s
Boston & Low ell 4s
Boston & M aine 334s
Boston & M aine 4s
Boyer Valley 334s
Burl. & M o. R iver 6s
C., B . & Q. 334s
C ., B . & Q. 4s
C., B . & Q. 5s
Chic., M il. & St. P. 4s
Chic. & Northwestern 4s
Concord & M ontreal 4s
Connecticut R iver 334s
Delaware & H udson 4s
Erie & Pittsburgh 334s
Fitchburg 334s
Fitchburg 4s
Fitchburg 434s
Illinois Central 3s
Illinois Central 3 )4s
Illinois Central 4s
E x a m in a t io n , S ep tem b er 23, 24, 25, 26, 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Louisville & Nashville 4s
M ichigan Central 4s
N ew England 4s
N . Y . C . & H . R . 334s
N . Y ., N . H . & H . 4s
Old C olony 334s
Old C olony 4s
Peoria & Northw est. 334s
Princeton & N orthw . 334s
Sioux C ity & Pacific 334s
St. J. & L . C . 5s
Washington C ounty 334s
W ore., N ash. & R och . 4s
$4,307,800
Street Railway Bonds.
$3,963,085
$50,000
290.000
87.000
100.000
200.000
10.000
28,800
200.000
358.000
7,000
50.000
128.000
80.000
248.000
150.000
50.000
100.000
275.000
25.000
100.000
150.000
75.000
$50,000
158.000
225.000
50.000
420.000
25.000
353.000
14.000
71.000
20.000
30.000
90.000
40.000
$84,000
50,000
123.000
175.000
B oston Elevated 4s
Boston Elevated 434s
U nion 5s
W est E nd 4s
$432,000
Bank Stocks.
Shs.
9Ó
170
230
460
1.000
130
564
134
60
22
200
375
1,356
1.000
1,096
200
E liot N l. B k ., Boston
First N l. B k ., Boston
M erchants’ N l. B k., Boston
N l. B k . of Com m erce, Boston
N l. Shawmut B k ., Boston
N l. Union B k ., Boston
Second N l. B k ., B oston
State N l. B k ., Boston
W ebster & A t. N l. B k ., Boston
N l. B k . of Fairhaven
Fall R iver N l. Bk.
M etacom et N l. B k ., Fall R iver
First N l. B k ., N ew Bedford
M echanics NI. B k ., N . Bedford
M erchants NI. B k., N . Bedford
Third N l. B k ., Springfield
REPORT OF THE
240
[Pub. Doc,
NEWBURYPORT FIVE CENTS SAVINGS BANK,
NEWBURYPORT.
74
I n c o r p o r a t e d A p r il 2 4 , 1 8 5 4 .
C harles
STATE STREET.
N u m b e r o f c o r p o r a to rs , 7 0 ; n u m b e r o f tru stees, 23.
President.
T h urlow ,
John
•Jo h n
Board of Trustees: J . H .
T. L
u nt
,
A. M
aynard
,
Treasurer.
Clerk of the Corporation.
B a l c h , J r ., C . A . B l i s s , A . M .
B r e w s t e r , M ic h a e l C a s h m a n , E r s k in e
C l e m e n t , J. J. C u r r ie r , C . L . D a v is , H . D . D o d g e , N a t h a n ie l D o l e , E r n e s t F o s s , E . A . H a l e ,
Josh u a
H a l e , J. H . H ig g in s , W .
I l s l e y , W . R . J o h n s o n , J. A . M a y
F . H o u s t o n , W il l ia m
, J. E . M o o d y , A . C . N a s o n , W . H . N o y e s , G . H . P l u m e r , G . W . R ic h a r d s o n , C h a r l e s
T hurlow .
nard
Board of Investment:
C h arles
T h u r l o w , W il l ia m
J. H . B
Auditing Committee: A . M .
Ilsley, W .
alch
R.
Jo h n son , G .
W .
R ic h a r d s o n ,
, J r.
B r e w s t e r , W . H . N o y e s , M ic h a e l C a s h m a n , G . H . P l u m e r , J o s h u a
H ale.
D e p o s it s d r a w in t e r e s t f r o m la s t M o n d a y o f J a n u a r y , A p r il, J u l y a n d O c t o b e r ; d iv id e n d s a re p a y
a b le first M o n d a y o f M a y a n d N o v e m b e r .
B u s in e s s h o u r s : 8 .3 0 a . m . t o 2 p . m .; S a t u r d a y s , 8 .3 0
a . m . t o 1 2 .3 0 p . m . , a n d 7 .3 0 t o 9 p . m . f o r d e p o s it s o n l y , e x c e p t d u r in g J u ly , A u g u s t a n d S e p t e m b e r .
STATEM ENT
OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e r ic a n T e l . & T e l . C o . b o n d s
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
$ 5 6 0 ,5 2 0
4 8 7 ,0 0 0
9 0 .0 0 0
6 1 ,8 2 5
5 5 .0 0 0
4 8 .0 0 0
00
00
00
00
00
00
$ 5 5 5 ,3 6 3
4 5 4 ,8 0 2
8 7 ,3 7 5
1 4 3 ,9 1 0
4 9 ,2 2 5
1 8 ,6 4 5
$ 1 ,3 0 2 ,3 4 5 0 0
3 8 1 lo a n s o n r e a l e s t a t e ( average of each, $3,184.68) .
.
.
.
3 0 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s ( estimated value, $35,000; assessed value,
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
C ash .
.
.
.
.
.
.
.
.
.
.
.
Total Assets
.
B ook Value.
75
50
00
00
00
00
$ 1 ,3 0 9 ,3 2 1 2 5
.
.
.
.
.
.
00
00
00
00
00
50
$ 1 ,2 4 0 ,1 6 2 50
1 ,2 1 3 ,3 6 5
3 5 3 ,0 6 0
3 0 ,0 0 0
1 1 1 ,6 1 4
4 ,1 4 9
.
$35,000)
.
$ 5 5 6 ,4 9 5
4 6 7 ,2 9 0
8 8 ,8 0 0
6 0 ,9 5 0
4 9 ,1 7 5
1 7 ,4 5 2
00
00
00
55
45
$2,952,351 50
Liabilities.
D u e d e p o s it o r s o n 5 ,8 4 4 a c c o u n t s , a v e r a g in g $ 4 5 7 .9 9 e a c h
. $ 2 ,6 7 6 ,5 0 3 8 5
(Accounts opened during year, 745; closed, 632; increase, 123)
S u r p lu s : —
a. G u a r a n t y f u n d ( 4-08% of deposits; increase during
h. P r o f it a n d lo s s ( decrease during year, $6,312.06)
C u rre n t in c o m e :—
In te re st
.
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
.
.
P r e m iu m a c c o u n t
.
.
.
.
.
.
.
year, $5,500)
.
1 3 3 ,5 0 0
1 2 1 ,7 7 6
.
$ 1 ,9 7 5 0 7
399 35
-----------------.
.
.
.
T otal Liabilities
.
.
.
.
.
.
.
1 ,5 7 5 7 2
1 8 ,9 9 5 10
$2,952,351 50
* T h e N o v e m b e r , 1 9 1 2 , d i v i d e n d o f $ 5 1 ,5 2 9 .3 8 n o t y e t c h a r g e d o u t o f t h is a m o u n t .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
83*
241
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State T a x (N et).
R en t.
Salaries.
A m o u n t p a id fo r
$ 6 ,0 9 7 .7 8
$ 4 ,8 4 6 .1 3
$ 8 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts
2 .0 6
1 .6 4
.2 7
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Advertising.
Other Expenses.
Total.
$ 1 0 9 .5 0
.0 4
$ 1 ,3 8 2 .8 2
.4 7
$ 1 3 ,2 3 6 .2 3
4 .4 8
2 .1 5
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 2 9 ,6 9 5 .4 4 .
Rates on Investments and Loans (Average on All, 4.63% ).
Real estate loans (a v e r a g e r a t e , 5 .0 1 p e r c e n t .) : 4 M % > $ 6 ,0 0 0 ; 5 % , $ 1 ,1 7 9 ,2 4 0 ; 5A%< $ 1 5 ,1 5 0 ; 6 % ,
$ 1 2 ,9 7 5 .
Personal loans (a v e r a g e r a t e , 4 .5 7 p e r c e n t .) : 4 M % > $ 1 4 2 ,8 0 0 ; 4% % , $ 4 5 ,0 0 0 ; 4 H % , $ 7 4 ,0 0 0 ; 5 % ,
$ 3 1 ,7 6 0 ; 5 M % . $ 3 5 ,0 0 0 ; 5 A % , $ 2 4 ,5 0 0 .
Bonds, stocks etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .2 7 p e r c e n t .) : 3 % , $ 3 5 ,0 0 0 ; 3A%> $ 1 5 0 ,8 0 0 ; 4 % ,
$ 8 4 0 ,5 2 0 ; 4\i%, $ 1 0 ,0 0 0 ; 4 A % , $ 1 4 8 ,7 5 0 ; 4 M % . $ 2 ,5 0 0 ; 5 % , $ 2 0 ,8 0 0 ; 6 % , $ 6 ,2 5 0 ; 7 % , $ 3 ,8 0 0 ;
1 0 % , $ 3 0 ,0 0 0 ; 1 2 % , $ 8 ,8 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 2 6 4 , a m o u n t in g t o $ 2 9 8 ,9 7 5 .
4 2 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 1 9 9 ,0 4 0 .
Dividends, Deposits and Withdrawals.
$ 4 9 ,4 9 3 56
5 0 ,2 5 2 9 2
3 2 0 ,7 4 6 69
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : N o v . , 1 9 1 1 , 2 %
M a y , 1912, 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 5 ,2 1 4 , a m o u n t in g t o
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 3 ,9 4 5 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
.
$ 4 2 0 ,4 9 3 17
3 0 6 ,6 7 2 77
$ 1 1 3 ,8 2 0 4 0
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000
53.000
25.000
45.000
14.000
25.000
15.000
42.000
10.000
20.000
20.000
3.000
10.000
20.000
25.000
15.000
10.000
5.000
30.000
20.000
10.000
10.000
4.000
10.000
19.000
10.000
3.000
10.000
Massachusetts 3)^s
B oston 4s
Chelsea 3A&
Chelsea 4s
D anbury, C t., 4s
L os Angeles, 4J^s
M arlborough 4s
N ew Bedford 4s
New Britain, C t., 4s
N ew buryport 3}^s
Omaha, N eb., 4As
Salem 4s
Seattle, W ash., 4J/£s
Springfield, M o., 5s
W aterbury, C t., 4s
W oonsocket, R . I., 4s
Y ork, P a., 4s
Attleborough 4s
Cumberland, R . I., 4s
East Providence, R . I ., 4s
Enfield, C t., 3 ^ s
Gorham , N . H ., 4s
Hatfield 4s
Needham 4s
N o . A ndover 4s
W . Springfield 4s
Augusta, M e. (W . D .), 4s
N o.C onw ay, N .H . (W .D .),4 s
D ate
of
Public Funds, Notes.
$10,000
12,500
13,520
1,500
20,000
$10,090 U pper Coos 4s
10.000 U pper Coos 4J^s
12.000 Worcester, Nash. & R . 4s
$487,000
Street Railway Bonds.
$560,520
Railroad Bonds.
Boston & Albany 3}4s
$15,000
55.000
25.000
35.000
10.000
10.000
40.000
75.000
10.000
10.000
15.000
35.000
10.000
20.000
10.000
10.000
35.000
35.000
E x a m i n a t i o n , J u n e 1 3 , 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M iddlesex County 4J-£s
N ewbury 4s
R ow ley 4s
Salisbury 4s
W eym outh 4s
B oston & Albany 4s
Boston & M aine 4s
Boston & M aine 4}^s
B oyer Valley 3As
C ., B . & Q. 3As
C., B . & Q. 4s
Chicago & N orthw . 4s
Connecticut R iver 4s
Fitchburg 3A&
Fitchburg 4s
Illinois Central 3s
Illinois Central 4s
la ., M inn & N orthw . 3}^s
Louisville & N ashville 4s
N . Y ., N. H . & H . 3J^s
N . Y „ N . H . & H . 4s
Old C olony 4s
$25,000
45.000
10.000
10.000
Boston Elevated 4s
Boston Elevated 4A&
Boston & Northern 4s
W est End 4s
$90,000
Bank Stocks.
Shs.
8 Boylston NI. B k ., Boston
42 Continental NI. B k ., Boston
25 Fourth-Atlantic NI. Bk., Boston
88 First N I. B k ., Boston
18 NI. B k . o f Com m erce, Boston
300 NI. Shawmut Bk., Boston
24 N I. U nion B k ., Boston
8 State N I. B k ., Boston
25 T rem ont NI. B k ., Boston
38 W ebster & Atlas NI. B k ., Boston
56 First N I. B k., N ew buryport
89 Océan NI. B k ., N ew buryport
REPORT OF THE
242
[Pub. Doc.
NEWTON SAVINGS BANK, NEWTON.
286 W ASHINGTON STREET.
In c o r p o r a te d Ju n e 17, 1831.
C h a r l e s T . P u l s if e r ,
President.
(O ffic e v a c a n t ) ,
W il l ia m
Board of Trustees:
n in g
N u m b e r o f c o r p o r a t o r s , 2 6 ; n u m b e r o f t r u s t e e s . 14.
F. B acon,
Treasurer.
Clerk of the Corporation.
W . F. B acon, W . H . B a rk er, H . E . B othfeld, B ernard E arly, E ugene
F an
, Sa m u e l F a r q u h a r , W . F . H a r b a c h , G . W . J a c k s o n , F r a n c is M u r d o c k , T . W . P r o c t o r ,
C. T. P
u l s if e r
, G . F . S im p s o n , A . R . W e e d , E . T . W i s w a l l .
Board of Investment: C . T .
P u l s if e r , B e r n a r d E a r l y , F r a n c is M u r d o c k , W . F . H a r b a c h , H . E .
B othfeld.
Auditing Committee: C . T .
P u l s if e r , S a m u e l
Farquhar, G. W .
Jack so n .
D e p o s it s d r a w in t e r e s t f r o m t e n t h d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r ; d iv id e n d s a re p a y a b le
a ft e r t h e T u e s d a y n e x t f o llo w in g J a n u a r y 1 0 a n d J u l y 10. B u s in e s s h o u r s : 9 a . m . t o 3 p . m .;
S a t u r d a y s , 9 a .m . t o 1 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
$ 1 4 7 ,5 0 0
1 ,3 6 0 ,0 0 0
3 0 0 .0 0 0
1 5 0 .0 0 0
1 2 5 .0 0 0
6 1 ,7 7 6
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
.
.
.
.
.
.
.
.
S t r e e t r a ilw a y b o n d s
B o s t o n T e r m in a l C o . b o n d s .
.
.
.
A m e r ic a n T e l. & T e l . C o . b o n d s
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
00
00
00
00
00
00
$ 1 4 2 ,6 1 2
1 ,2 5 2 ,3 0 0
2 8 8 ,7 5 0
1 4 4 ,0 0 0
1 1 1 ,8 7 5
3 8 ,9 0 8
$ 2 ,1 4 4 ,2 7 6 0 0
7 3 0 lo a n s o n r e a l e s t a t e ( average of each, 84,840.83) .
.
.
.
3 3 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix tu r e s ( estimated value, 850,000; assessed value,
R e a l e s t a t e b y f o r e c lo s u r e , e t c . ( assessed value, 8136,950) .
.
.
T a x e s , in s u r a n c e , e t c ., p a i d o n m o r t g a g e d p r o p e r t ie s
.
.
.
S u sp e n se a c c o u n t
.
.
.
.
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
C a s h a n d c a s h it e m s
.
.
.
.
.
.
.
.
.
a
50
00
00
00
00
00
$ 1 ,9 7 8 ,4 4 5 5 0
.
.
.
853,600)
.
.
.
.
.
B ook Value.
$ 1 4 5 ,3 6 0
1 ,3 4 5 ,8 1 2
3 0 0 .0 0 0
1 5 0 .0 0 0
1 1 5 ,3 5 6
6 9 ,4 5 0
00
51
00
00
25
13
$ 2 ,1 2 5 ,9 7 8 8 9
3 ,5 3 3 ,8 0 3
3 9 9 ,5 7 5
5 0 ,0 0 0
8 3 ,2 5 1
328
73
8 0 ,1 3 5
8 ,0 6 1
04
00
00
51
65
28
86
67
. $6,281,207 90
Total Assets
Liabilities.
D u e d e p o s it o r s o n 1 5 ,4 5 6 a c c o u n t s , a v e r a g in g $ 3 7 8 .5 7 e a c h
.
$ 5 ,8 5 1 ,2 6 7 59
(Accounts opened during year, 1,258; closed, 1,158; increase, 100)
S u r p lu s : —
a. G u a r a n t y f u n d (4-S7% of deposits; increase during
b. P r o f it a n d lo s s ( increase during year, 823,568.74-)
C u rre n t in co m e ; —
a. I n t e r e s t .
.
.
.
.
.
.
.
b. R e n t
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
year, 815,900)
.
.
.
Total Liabilities
.
.
.
2 8 5 ,0 0 0 0 0
8 2 ,9 6 3 2 6
$ 6 0 ,1 4 2 13
1 ,8 3 4 9 2
--------------------
6 1 ,9 7 7 0 5
.
$6,281,207 90
BANK COMMISSIONER.
No. 8.]
243
Total Expenses for the Year, including State Taxes.
State T a x (N et.)
Salaries.
Rent.
Advertising.
A m o u n t p a id f o r
$ 1 0 ,8 1 4 .8 8
$ 1 3 ,5 7 1 .7 7
$ 2 ,5 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts
1 .7 2
2 .1 6
.4 0
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Other Expenses.
T otal.
$ 2 ,1 4 7 .2 3
.3 4
$ 2 9 ,1 1 2 .6 3
4 .6 3
2 .5 1
$ 7 8 .7 5
.0 1
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 2 7 4 ,1 3 7 .3 9 .
Rates on Investments and Loans (Average on All, 4.53%).
Real estate loans (a v e r a g e r a t e , 4 .9 9 p e r c e n t .) : 4 J ^ % , $ 8 2 ,0 0 0 ; 5 % , $ 3 ,4 1 7 ,4 2 8 .0 4 ; 5 M % , $ 2 ,0 0 0 ;
5 H % , $ 3 2 ,3 7 5 .
Personal loans (a v e r a g e r a t e , 4 .9 7 p e r c e n t .) : 4 J ^ % , $ 1 3 5 ,0 0 0 ; 4 M % > $ 2 5 ,0 0 0 ; 5 % , $ 1 1 7 ,7 0 0 ; 5 J ^ % ,
$ 1 2 1 ,3 7 5 ; 6 % , $ 5 0 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 3 .8 2 p e r c e n t .) : 3 % , $ 6 ,0 0 0 ; 3 J ^ % , $ 7 1 1 ,0 0 0 ; 4 % ,
$ 1 ,2 3 6 ,1 0 0 ; 4 J ^ % , $ 1 5 0 ,0 0 0 ; 5 % , $ 1 ,2 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 4 3 3 , a m o u n t in g t o $ 7 4 4 ,3 2 5 .0 4 .
6 2 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 4 9 5 ,5 0 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 1% %
J u ly , 1 9 1 2 , \% %
N u m b e r o f d e p o s it s d u r in g y e a r , 1 2 ,0 7 7 , a m o u n t in g t o
$ 9 7 ,7 7 0 18
9 8 ,2 7 7 51
7 6 9 ,6 4 4 37
$965,692 06
912,998 67
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 1 0 ,7 2 3 , a m o u n t in g t o
$ 5 2 ,6 9 3 39
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$1,000
25.000
50.000
5.000
1.000
25.000
1.000
5.000
10.000
5.000
10.000
9,500
Massachusetts 3s
Massachusetts 3l/2s
Chicago, 111., 4s
D ayton, 0 . , 3}4s
Fall R iver 3J^s
Kansas City, M o ., 4s
N ew buryport 4s
N ew ton 4s
Pittsfield 4s
Providence, R . I., 3s
Bristol, R . I., 3 Vis
Needham 4s
$147,500
Railroad Bonds.
$25,000
100.000
80.000
70.000
100.000
200.000
175.000
20.000
70.000
140.000
25.000
100.000
230.000
25.000
Beech Creek 4s
B oston & A lban y 4s
Boston <fe M aine 3%s
Boston & M aine 4s
B oston & M aine 4Vis
C . . B . & Q . 3V2s
C., B . & Q. 4s
Concord & M ontreal 4s
Delaware & H udson Co. 4s
Illinois Central 3 }4 s
Illinois Central 4s
N . Y ., N . H . & H . 3 ^ s
N Y ., N . H . & H . 4s
Old C olony 4s
$1,360,000
D a te of E x a m in a t io n , J a n u a r y 29, 30, 31.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$110,000 B oston Elevated 4s
50,000 Boston Elevated 4)^s
140,000 W est End 4s
$300,000
REPORT OF THE
244
[Pub. Doc,
NEWTON CENTRE SAVINGS BANK, NEWTON.
81
UNION STREET (NEWTON CENTRE).
In co rp o ra te d F e b ru a ry 25, 1896.
Sew ard
W . Jon es,
N u m b e r o f c o r p o r a t o r s , 3 3 ; n u m b e r o f t r u s t e e s , 18.
President.
H. R
W il l ia m
W il l ia m
M . F lan ders,
ic e
,
Treasurer.
Clerk of the Corporation.
Board of Trustees:
D . H . A n d r e w s , W . C . B r e w e r , H J. C a r l s o n , D w ig h t C h e s t e r , W . M . F l a n d e r s ,
F . J . H a l e , A . L . H a r w o o d , M . B . J o n e s , S. W . J o n e s , H . H . K e n d a l l , C . S . L t j i t w i e l e r ,
F . G . M e l c h e r , G . H . M e l l e n , J . J. N o b l e , W . M . N o b l e , I. C . P a u l , F . L . R ic h a r d s o n ,
G . F . R ic h a r d s o n .
Board o f Investment: S . W .
Auditing Committee: F . L .
J o n e s , D w ig h t C h e s t e r , H . H . K e n d a l l , I. C . P a u l .
R ic h a r d s o n , C . S. L u it w ie l e r , G . F . R ic h a r d s o n .
D e p o s it s d r a w i n t e r e s t f r o m fift e e n t h d a y o f J a n u a r y , A p r i l , J u ly a n d O c t o b e r ; d iv id e n d s a re p a y a b le J a n u a r y 15 a n d J u ly 15.
B u s in e s s h o u r s : 8 t o 1 1 .3 0 a . m . 1 .3 0 t o 2 .3 0 p.M . ; S a t u r d a y s ,
8 a . m . t o 12 M.
STATEMENT O P CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e rica n T e l. & T e l. C o . b o n d s
.
.
.
.
.
.
.
.
.
.
$ 7 5 ,0 0 0
2 4 7 ,0 0 0
4 9 .0 0 0
3 ,4 0 0
1 8 .0 0 0
*
00
00
00
00
00
$ 7 1 ,8 3 5
2 2 9 ,0 2 7
4 8 ,7 7 2
1 1 ,5 6 0
1 6 ,1 1 0
$ 3 9 2 ,4 0 0 0 0
1 3 3 lo a n s o n r e a l e s t a t e (average o f each, $3,381.03)
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
«
B ook Value.
00
50
50
00
00
$ 3 7 7 ,3 0 5 0 0
.
$ 7 3 ,6 5 3
2 3 8 ,9 9 5
4 8 ,8 6 5
5 ,3 3 0
1 6 ,0 4 5
20
95
00
00
00
$ 3 8 2 ,8 8 9 15
$ 4 5 1 ,8 7 7 50
2 ,2 0 0 0 0
4 4 9 ,6 7 7
3 4 ,3 0 0
1 8 ,1 3 5
250
1 0 ,9 9 2
2 ,7 9 5
442
6 lo a n s o n p e r s o n a l s e c u r it y .
.
.
.
.
R e a l e s t a t e b y fo r e c lo s u r e , e t c . (assessed value, $23,800 )
T a x e s , in s u r a n c e , e t c ., p a i d o n m o r t g a g e d p r o p e r t ie s
P r e m iu m a c c o u n t
.
.
.
.
.
.
D e p o s it s in n a t i o n a l b a n k s o r t r u s t c o m p a n ie s
C ash .
.
.
.
.
.
.
.
.
50
00
18
00
38
87
36
$899,482 44
Total Assets
Liabilities.
D u e d e p o s it o r s o n 3 ,1 1 7 a c c o u n t s , a v e r a g in g $ 2 7 6 .9 4 e a c h
.
.
.
.
.
$ 8 6 3 ,2 2 9 10
(Accounts opened during year, 4-57; closed, 364; increase, 98)
S u r p lu s : —
a. G u a r a n t y f u n d ( 2.58f/o ° f deposits; increase during
h. P r o f it a n d lo s s (decrease during year, $25.05)
C u rre n t in c o m e ; —
In terest
.
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
year, $2,103.83) .
.
.
.
.
.
.
.
Total Liabilities
.
.
.
.
.
$ 5 ,2 3 1 3 7
6 2 2 01
-------------------------
.
.
.
.
2 2 ,2 6 9 6 0
9 ,3 7 4 3 8
4 ,6 0 9 3 6
$899,482 44
No. 8.]
BANK COMMISSIONER.
245
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R en t.
Advertising.
A m o u n t p a id f o r
$ 1 ,8 0 9 .1 6
$ 1 ,2 2 7 .6 3
$ 6 8 6 .2 8
C o s t p e r $ 1 ,0 0 0 o f a s s e t s
2 .0 1
1 .3 6
.7 6
C o s t p e r $ 1 ,0 0 0 o f a s s e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Other Expenses.
$ 3 5 .7 1
.0 4
.
.
.
$ 4 4 4 .9 0
.4 9
.
.
Total.
$ 4 ,2 0 3 .6 8
4 .6 6
1 .8 9
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 3 9 ,6 6 6 .1 9 .
Rates on Investments and Loans (Average on All, 4.59% ).
Real estate loans (a v e r a g e r a t e , 5 p e r c e n t . ) : 4 }4 % , $ 4 ,0 0 0 ;
4 % % , $ 7 ,0 0 0 ; 5 % , $ 4 2 9 ,9 7 2 .5 0 ; 5 J ^ % ,
$ 6 ,5 0 5 ; 6 % , $ 2 ,2 0 0 .
Personal loans (a v e r a g e r a t e , 4 .9 5 p e r c e n t .) : 5 % , $ 3 0 ,0 0 0 ; 6 % , $ 3 ,3 0 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .0 8 p e r c e n t .) : 3 % , $ 8 ,0 0 0 ; 3 K % > $ 1 2 0 ,0 0 0 ; 3 .6 5 % ,
$ 2 6 ,0 0 0 ; 4 % , $ 1 5 7 ,0 0 0 ; 4 } ^ % , $ 1 8 ,0 0 0 ; 5 % , $ 3 6 ,0 0 0 ; 6 % , $ 2 4 ,0 0 0 ; 1 0 % , $ 2 ,0 0 0 ; 1 2 % , $ 1 ,4 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 6 9 , a m o u n t in g t o $ 1 2 2 ,6 7 7 .5 0 .
15 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 6 4 ,2 0 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 ,
J u ly , 1 9 1 2 ,
N u m b e r o f d e p o s it s d u r in g y e a r , 4 ,2 2 0 , a m o u n t in g t o
1% %
.
.
.
.
.
$ 1 3 ,8 6 4 56
\ % % ....................................................1 3 ,8 1 0 3 0
.
.
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 ,3 2 4 , a m o u n t in g t o
N e t in c r e a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
.
.
2 1 2 ,0 6 2 0 8
.
.
$ 2 3 9 ,7 3 6 9 4
2 1 3 ,6 7 2 3 5
$ 2 6 ,0 6 4 59
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Massachusetts 3}4s
26.000
15.000
5.000
8.000
16.000
N ew ton 3 .65%
Gorham, N . H ., 4s
Salem, N . H ., 4s
Br. & T op s., M e. (W .D .), 4s
K ennebec, M e. (W .D .), 3J^s
$75,000
Railroad Bonds.
$3,000
8.000
5.000
3.000
1.000
7.000
40,000
Baltim ore & Ohio 3W s
B oston & Albany 3)^s
B oston & Albany 4s
B oston & M aine 4s
Boston & M aine 4J^s
C., B . & Q. 3 H s
C., B . & Q. 4s
D ate
op
$10,000
24.000
10.000
6.000
8.000
20.000
12.000
1.000
1.000
1.000
5.000
51.000
15.000
5.000
3.000
1.000
7.000
$247,000
E x a m i n a t i o n , M a r c h 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Chicago & N o. W est. 5s
Chicago & N o. W est. 6s
Fitchburg 3}^s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3)^s
Illinois Central 4s
Illinois Central 5s
K al., A l. & Gr. Rapids 5s
M aine Central 4s
M il., L . S. & W . 5s
N . Y ., N . H . & H . 3M s
N . Y ., N . H . & H . 4s
N o. M aine seaport 5s
Penobscot Shore Line 4s
Portland & R . Falls 4s
W estern Pennsylvania 4s
Street Railway Bonds.
$3,000
16.000
7.000
5.000
2.000
15.000
1.000
Boston E levated 4s
Boston Elevated 4J^s
Boston & R evere 5s
G louc., Essex & B ev. 5s
Lynn & Boston 5s
W est End 4s
W est End 4 ^ s
$49,000
Bank Stocks.
Shs.
14 First N l. B k ., B oston
20 N ew ton Trust Co.
REPORT OF THE
246
[Pub. Doc.
NONOTUCK SAVINGS BANK, NORTHAMPTON.
57 M AIN STREET.
In co rp o ra te d F e b ru a ry 9, 1899.
H enry
L . W il l ia m s ,
N u m b e r o f c o r p o r a to rs , 4 6 ; n u m b e r o f tru stees, 20.
President.
O r iv il l e
R obert W . Lym an,
Board of Trustees: H
W . P routy,
Treasurer.
Clerk of the Corporation.
. M . A b b o t t , E . H . B a n is t e r , I sa a c B r id g m a n , C a l v in C o o l id g e , W . E . C o o n e y ,
C . N . F it t s , H . N . G a r d in e r , M . S. H o w e s , R . W . I r w in , C . W . K in n e y , C . H . L y m a n , R . W .
L y m a n , C . K . M o r t o n , L. B . N iq u e t t e , E . K . P a r s o n s , H . A . P a r s o n s , O . W . P r o u t y , F . M .
S t a r k w e a t h e r , H . L . W il l ia m s , R .
Board of Investment:
Auditing Committee:
I saac
I saac
L . W il l is t o n .
B r id g m a n , O . W . P r o u t y , C . W . K in n e y .
B r i d g m a n , C . W . K i n n e y ,* C . H . L y m a n .
D e p o s it s d r a w in t e r e s t f r o m fir s t W e d n e s d a y o f M a r c h , J u n e , S e p t e m b e r a n d D e c e m b e r ; d iv id e n d s a re
p a y a b le t h e fir s t W e d n e s d a y o f J u n e a n d D e c e m b e r . B u s in e s s h o u r s : 9 a . m . t o 3 p . m .; S a t u r d a y s
9 a . m . t o 12 m .
STATEMENT OF CONDITION
OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e r ic a n T e l . & T e l . C o . b o n d s
.
.
.
.
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
$ 1 5 ,0 0 0
6 0 ,0 0 0
1 1 ,0 0 0
1 6 ,8 0 0
1 5 ,0 0 0
2 ,5 0 0
00
00
00
00
00
00
$ 1 3 ,6 8 0
5 2 ,1 5 0
1 0 ,4 6 5
2 5 ,6 7 0
1 3 ,4 2 5
2 ,5 0 0
$ 1 2 0 ,3 0 0 0 0
3 0 8 lo a n s o n r e a l e s t a t e ( average of each, $1,940.10)
62 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
C a s h a n d c a s h ite m s
.
.
.
.
.
.
00
00
00
00
00
00
$ 1 1 7 ,8 9 0 0 0
.
'
$ 1 4 ,6 8 3
5 7 ,0 1 2
1 0 ,5 5 6
2 4 ,7 2 6
1 3 ,5 6 8
2 ,5 0 0
68
50
25
00
75
00
$ 1 2 3 ,0 4 7
18
5 9 7 ,5 5 2
14 0 ,5 8 1
4 5 ,3 3 1
978
07
02
68
39
o
o
Cfi
Total Assets
B ook Value.
34
Liabilities.
D u e d e p o s it o r s o n 2 ,2 9 4 a c c o u n t s , a v e r a g in g $ 3 7 6 .5 3 e a c h
$ 8 6 3 ,7 6 3 23
(Accounts opened during year, 411; closed, 339; increase, 78)
S u r p lu s : —
a. G u a r a n t y f u n d (2.82% of deposits; increase during
b. P r o f it a n d lo s s ( increase during year, $3,096.60)
C u rren t in c o m e : —
In terest
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
year, $3,000)
2 4 ,4 0 0 0 0
1 1 ,9 8 4 62
$ 8 ,9 4 3 18
1 ,6 0 0 69
7 ,3 4 2 49
Total Liabilities
* S in c e r e s ig n e d .
.
.
.
.
.
$907,490 34
No. 8.]
BANK COMMISSIONER.
247
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R ent.
Advertising.
A m o u n t p a id fo r
$ 1 ,2 7 1 .4 8
$ 2 ,5 7 0 .0 0
$ 5 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a ssets
1 .4 0
2 .8 3
.5 5
C o s t p e r $ 1 ,0 0 0 o f a ssets n o t in c lu d in g S t a t e t a x a n d r e n t .
Other Expenses.
$ 6 2 .7 5
.0 7
.
.
.
$ 9 5 0 .5 2
1 .0 4
.
.
T otal.
$ 5 ,3 5 4 .7 5
5 .8 9
3 .9 4
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 4 1 ,7 2 3 .9 3 .
Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (a v e r a g e r a t e , 5 p e r c e n t .) : 5 % , $ 5 9 7 ,5 5 2 .0 7 .
Personal loans (a v e r a g e r a t e , 5 .0 4 p e r c e n t .) : 4 J ^ % , $ 5 ,0 0 0 ; 5 % , $ 1 2 1 ,0 8 1 .0 2 ; 5 } ^ % , $ 1 2 ,5 0 0 ; 6 % , $ 2 ,0 0 0 .
Bonds , stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .2 4 p e r c e n t .) : 3 % , $ 5 ,0 0 0 ; 3 M % > $ 1 0 ,0 0 0 ; 3 J ^ % ,
$ 2 8 ,0 0 0 ; 4 % , $ 5 1 ,0 0 0 ; 4 > ^ % , $ 5 ,0 0 0 ; 5 % , $ 9 ,5 0 0 ; 7 % , $ 3 ,3 0 0 ; 8 % , $ 4 ,7 0 0 ; 1 0 % , $ 2 ,8 0 0 ; 1 4 % , $ 1 ,0 0 0
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 3 5 , a m o u n t in g t o $ 4 7 7 ,6 3 3 .0 9 .
3 6 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 6 2 ,0 7 5 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : D e c . , 1 9 1 1 , 2 %
Ju n e, 1912, 1 M
N u m b e r o f d e p o s it s d u r in g y e a r , 2 ,3 8 0 , a m o u n t in g t o
.
%
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 1 ,9 4 4 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
....................................................
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$ 1 5 ,6 9 0 0 6
1 4 ,2 5 7 3 6
2 0 6 ,5 8 9 51
$ 2 3 6 ,5 3 6 9 3
1 9 8 ,9 2 4 9 3
$ 3 7 ,6 1 2 0 0
SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Public Funds, Bonds.
$3,000 B oston 3}^s
10,000 St. Louis, M o., 3)4s
Public Funds, Notes.
2,000 Cum m ington 5s
$10,000
20.000
5.000
5.000
5.000
10.000
5.000
$60,000
$15,000
D ate
of
E x a m i n a t i o n , A p r i l 1, 2.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Boston & M aine 4s
C., B . & Q. 3 ,4 s
C., B . & Q. 4s
Erie & Pittsburgh 3)^s
Illinois Central 3s
Lim e R ock 4s
N . Y „ N . H . & H . 4s
Street Railway Bonds.
SI,000 Boston Elevated 4s
5.000 Boston Elevated 4)^8
5.000 B oston & Northern 4s
$ 11,000
Bank Stocks.
Shs.
10 G reylock N l. B k ., Adams
5 M illers R iver N l. B k., Athol
33 First N l. B k ., Northam pton
50 Chapin N l. B k ., Springfield
40 Chicopee N l. B k., Springfield
23 Third N l. B k ., Springfield
7 Ham pden N l. B k., Westfield
REPORT OF THE
248
[Pub. Doc.
NORTH ADAMS SAVINGS BANK, NORTH ADAMS.
86 M AIN STREET.
In c o r p o r a te d A p ril 26, 1848.
H erbert W . C lark,
N u m b e r o f c o r p o r a t o r s , 3 9 ; n u m b e r o f t r u s t e e s , 12.
President.
W il l ia m
Board of Trustees: A . W .
D. W
E zra
E. L
oneegan
C h ip p e n d a l e , H . W .
,
h it a k e r
,
Treasurer.
Clerk of the Corporation.
C l a r k , C . H . C u t t in g , W .
E. L
onergan
, W . B.
M cC r a w , C . T . P h e l p s , W . H . P r it c h a r d , W . H . S p e r r y , E d m o n d V a d n a is , V . A . W h it a k e r ,
C. E. W
h it n e y
, C . E . W in c h e l l .
Board of Investment: C . E .
W i n c h e l l , W . E . L o n e r g a n , F . S. R ich a rd s o n , f
Auditing Committee: C . H .
C u t t in g , W . E . L o n e r g a n , A . W . C h ip p e n d a l e .
D e p o s it s d r a w in t e r e s t f r o m fir s t d a y o f J a n u a r y , A p r il, J u l y a n d O c t o b e r ; d iv i d e n d s a re p a y a b le
A p r i l 1 a n d O c t o b e r 1 . B u s in e s s h o u r s : 9 a . m . t o 4 p . m . ; S a t u r d a y s , 9 a . m . t o 2 p . m . a n d 7 t o
8 p . m . f o r d e p o s it s o n ly .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a ilr o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e r ic a n T e l . & T e l . C o . b o n d s
$ 9 3 ,3 3 3 3 2
5 5 7 .0 0 0 0 0
$ 9 2 ,1 4 0
5 2 4 ,6 8 0
1 1 6 ,7 4 0
4 2 ,0 0 0
5 8 ,1 7 5
122.000 00
4 0 .0 0 0 0 0
6 5 .0 0 0 0 0
$ 8 7 7 ,3 3 3 3 2
4 5 1 lo a n s o n r e a l e s t a t e ( average of each, $3,81/9.83) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
.
.
.
.
.
.
.
.
.
$ 8 3 3 ,7 3 5 3 0
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
B ook Value.
$ 9 4 ,2 3 3
5 5 9 ,1 6 5
1 2 1 ,5 1 7
4 5 ,7 8 5
6 0 ,0 0 0
52
80 ■
50
00
00*
$ 8 8 0 ,7 0 1 8 2
$ 1 ,7 4 5 ,5 2 4 19
9 ,2 5 0 0 0
--------------------------.
.
.
.
$62,000)
.
.
97
lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
B a n k b u ild in g a n d fix tu r e s (estimated value, $71,500; assessed value,
R e a l e s t a t e b y f o r e c lo s u r e , e t c . (assessed value, $71,575)
.
.
.
T a x e s , in s u r a n c e , e t c ., p a i d o n m o r t g a g e d p r o p e r t ie s
.
.
.
S u sp en se a c c o u n t
.
.
.
.
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
C a s h a n d c a s h ite m s
.
.
.
.
.
.
.
.
.
Total Assets
30
00
00
00
00
.
1 ,7 3 6 ,2 7 4
3 2 2 ,5 3 2
4 5 ,0 5 2
6 6 ,7 1 5
2 ,6 0 7
268
3 9 ,4 1 5
8 ,2 1 7
19
78
01
81
22
80
02
54
$3,101,785 19
Liabilities.
D u e d e p o s it o r s o n 7 ,1 1 5 a c c o u n t s , a v e r a g in g $ 4 0 6 .5 8 e a c h
. $ 2 ,8 9 2 ,8 8 1 99
(Accounts opened during year, 928; closed, 1,018; decrease, 90)
S u r p lu s : —
a. G u a r a n t y f u n d (6.04% of deposits; increase during year, none)
b. P r o f it a n d lo s s (increase during year, $11,088.46) .
C u rre n t in c o m e : —
a. I n t e r e s t .
.
.
.
.
.
.
$ 2 2 ,5 2 1 6 4
b. M is c e lla n e o u s .
.
.
.
.
.
17 0 8
1 7 5 ,0 0 0 0 0
1 2 ,0 7 3 19
$ 2 2 ,5 3 8 72
7 0 8 71
---------------------
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
T otal Liabilities
.
.
.
.
* T h is a m o u n t w a s w it h in t h e le g a l lim i t w h e n t h e in v e s t m e n t w a s m a d e .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2 1 ,8 3 0 01
$3,101,785 19
f S in c e d e c e a s e d .
No. 8.]
BANK COMMISSIONER.
249
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R ent.
Advertising.
A m o u n t p a id f o r
$ 5 ,1 1 9 .0 9
$ 7 ,0 2 0 .0 0
$ 1 ,0 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a sse ts
1 .6 5
2 .2 6
.3 2
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
$ 2 2 1 .4 0
.0 7
.
.
Other Expenses.
$ 1 ,4 0 6 .3 5
.4 5
.
.
.
T otal.
$ 1 4 ,7 6 6 .8 4
4 .7 5
2 .7 8
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 4 4 ,8 9 4 .7 8 .
Rates on Investments and Loans (Average on All, 4.85% ).
Real estate loans (a v e r a g e r a t e , 5 .2 4 p e r c e n t .) : 4 % , $ 1 8 8 ,2 0 6 .4 0 ; 4 M % > $ 4 4 ,2 0 0 ; 4 % % , $ 1 3 1 ,6 0 0 ; 5 % ,
$ 6 6 2 ,8 0 5 .7 1 ; 5 H % , $ 2 ,5 0 0 ; 6 % , $ 7 0 6 ,9 6 2 .0 8 .
Personal loans (a v e r a g e r a t e , 4 .9 5 p e r c e n t .) : 4 ? ^ % , $ 5 0 ,0 0 0 ; 4j4%> $ 1 1 0 ,0 0 0 ; 5 % , $ 8 9 ,1 5 4 .8 3 ; 5}4% ,
$ 4 0 0 ; 6 % , $ 7 2 ,9 7 7 .9 5 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .0 6 p e r c e n t .) : 3 % , $ 6 0 ,0 0 0 ; 3 .4 0 % , $ 6 ,3 0 0 ; 3 J ^ % ,
$ 8 6 ,0 0 0 ; 3J4%, $ 1 1 ,5 3 3 .3 2 ; 4 % , $ 4 7 9 ,5 0 0 ; 4 ^ % , $ 1 1 4 ,0 0 0 ; 5 % , $ 1 2 0 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 4 6 , a m o u n t in g t o $ 4 6 8 ,8 6 5 .2 5 .
5 0 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 1 4 6 ,0 0 5 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : A p r il, 1 9 1 2 ,
O c t ., 1 9 1 2 ,
N u m b e r o f d e p o s it s d u r in g y e a r , 7 ,3 3 9 , a m o u n t in g t o
1% %
1% %
$ 4 9 ,8 7 4 0 9
4 8 ,9 6 9 2 4
3 6 4 ,3 9 7 9 2
.
$ 4 6 3 ,2 4 1 2 5
5 2 1 ,5 5 0 0 7
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 5 ,8 4 9 , a m o u n t in g t o
N e t d e c r e a s e in a m o u n t d u e d e p o s it o r s
$ 5 8 ,3 0 8 8 2
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$4,000
4.000
10.000
2.000
15.000
5.000
5.000
4.000
6,500
Beverly 4s
Chicago, 111., 4s
L os Angeles, Cal., 4J^s
Melrose 4s
Omaha, N eb., 4J/2S
Sioux City, la ., 4p£s
Springfield, M o ., 5s
Eastham pton 4s
P lym outh 4s
Public Funds, Notes.
6,300
16,000
11,533
4,000
N orth
N orth
N orth
N orth
Adam s
Adam s
Adam s
Adam s
3 .40%
3p2S
3J^s
4s
Bangor & A roostook 5s
Baltim ore & Ohio 3p£s
Boston & Albany 4s
Boston & M aine 4s
Boston & M aine ip£s
C „ B. & Q. 4s
C hic., M il. & St. Paul iV2s
C hic., R ock. Is. & Pac. 4s
Delaware & H udson 4s
Fitchburg 4s
Fitchburg 4}4s
Illinois Central 3s
Illinois Central 3p£s
N .Y ., N . H . & H . 3 ^ s
N . Y . . N . H . & H . 4s
Northern M e. Seaport 5s
P ort., G t. Fs. & Con . 4)^s
Sullivan County 4s
$557,000
$93,333
D ate
Railroad Bonds.
$64,000
10.000
10.000
7.000
50.000
85.000
5.000
5.000
5.000
30.000
5.000
60.000
25.000
35.000
102,000
30.000
4.000
25.000
of
E x a m in a t io n , M a rch 25, 26, 27, 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* L e g a l in v e s t m e n t s w h e n m a d e .
Street Railway Bonds.
$15,000
20.000
10.000
25.000
21.000
25.000
6,000
Boston Elevated 4s
Boston Elevated 4J^s
Boston & Northern 4s
H oosac Valley 4s*
H oosac Valley 5s*
Springfield 4s
W est End 4s
$122,000
Bank Stocks.
Shs.
400 N orth Adams Trust Co.
REPORT OF THE
250
[Pub. Doc,
NORTHAMPTON INSTITUTION FOR SAVINGS, NORTHAMPTON.
109 M AIN STREET.
I n c o r p o r a t e d M a r c h 1, 1 8 4 2 .
O l iv e r
W alker,
N u m b e r o f c o r p o r a t o r s , 3 4 ; n u m b e r o f t r u s t e e s , 17.
President.
Sa m u el
T . G . S p a u l d in g ,
Board of Trustees:
D. D rury,
Treasurer.
Clerk of the Corporation.
H . H . C h il s o n , C . N . C l a r k , F . E . C l a r k , M e r r it t C l a r k , B . E . C o o k , E . F.
C r o o k s , S. D .
D r u r y, O. W . E dw ards, H .
S. G e r e , H .
R . H in c k l e y , J a m e s P o r t e r , F . S.
R e y n o l d s , T . G . S p a u l d in g , F . W . T h a y e r , H . M . T y l e r , O l iv e r W a l k e r , A r t h u r W a t s o n .
Board of Investment:
S. D . D r u r y , F. E . C l a r k , A r th u r W a tso n .
Auditing Committee: F . E .
C l a r k , E . F . C r o o k s , H . H . C h il s o n .
D e p o s it s d r a w in t e r e s t fr o m firs t W e d n e s d a y o f J a n u a r y , A p r i l J u ly a n d O c t o b e r ; d iv id e n d s a r e p a y
a b le t h e fir s t W e d n e s d a y o f A p r il a n d O c t o b e r .
B u s in e s s h o u r s : 9 a . m . t o 3 p . m . ; S a t u r d a y s .
9 a . m . t o 12 M.
STATEM ENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a ilr o a d b o n d s a n d n o t e s
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
.
.
.
A m e r ic a n T e l . & T e l . C o . b o n d s
S e c u r itie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
$ 6 3 0 ,9 0 0
1 ,5 8 8 ,0 0 0
1 9 1 .0 0 0
1 4 ,4 0 0
00
00
00
00
$ 6 2 2 ,2 4 5
1 ,5 0 1 ,7 1 2
1 8 5 ,8 8 5
3 4 ,6 7 0
1 9 2 ,0 0 0
9 8 ,4 5 0
2 2 ,9 2 5
200.000 00
110,000 00
2 4 ,5 0 0 0 0
$ 2 ,7 5 8 ,8 0 0 0 0
$ 2 ,6 5 7 ,8 8 7 5 0
7 2 2 lo a n s o n r e a l e s t a t e (average of each, $3,510.28) .
.
.
.
.
.
75
lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $35,000; assessed value, $31,000)
R e a l e s t a t e b y fo r e c lo s u r e , e t c . (assessed value, $55,050 )
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
.
.
C a s h a n d c a s h ite m s
.
.
.
.
.
.
.
.
.
.
.
Total Asset3
.
.
00
50
00
00
00
00
00
.
.
.
.
.
.
.
.
.
.
B ook Value.
$ 6 3 0 ,9 0 0
1 ,5 6 8 ,3 7 5
1 8 6 ,9 6 5
1 4 ,4 0 0
00
00
00
00
200,000 00
9 9 .5 0 0 0 0
2 4 .5 0 0 0 0
$ 2 ,7 2 4 ,6 4 0 0 0
2 ,5 3 4 ,4 2 0
2 4 1 ,7 5 0
2 7 ,0 0 0
6 0 ,0 8 8
1 1 5 ,3 7 3
1 1 ,6 1 2
98
42
00
48
20
25
$5,714,885 33
Liabilities.
.
D u e d e p o s it o r s o n 1 3 ,8 5 4 a c c o u n t s , a v e r a g in g $ 3 8 4 .8 4 e a c h
$ 5 ,3 3 1 ,5 0 6 14
(Accounts opened during year, 2,339; closed, 1,613; increase, 726)
S u r p lu s : —
a. G u a r a n t y f u n d (5.03% of deposits; increase during year, $8,000)
b. P r o f it a n d lo s s (increase during year, $19,060.06) .
.
.
C u rre n t in c o m e : —
In te re st
.
.
.
.
.
.
.
.
.
.
U n ea rn ed d is co u n t
.
.
.
.
S u sp en se a c c o u n t
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
2 6 8 ,0 0 0 0 0
1 1 4 ,4 0 2 12
5 1 4 57
12 5 0
450 00
. $5,714,885 33
BANK COMMISSIONER.
No.
251
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
Rent.
Advertising.
A m o u n t p a id f o r
$ 1 1 ,9 7 5 .5 3
$ 9 ,3 0 6 .6 7
$ 1 ,5 0 0 .0 0
.26
C o s t p e r $ 1 ,0 0 0 o f a sse ts
2 .1 0
1 .6 3
C o s t p e r $ 1 ,0 0 0 o f a sse ts n o t in c lu d in g S t a t e t a x a n d r e n t
Other Expenses.
T otal.
$ 2 ,7 7 0 .7 3
S 2 5 .8 1 3 .0 1
4 .5 1
2 .1 5
$ 2 6 0 .0 8
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 2 4 7 ,0 5 5 .4 5 .
Rates on Investments and Loans (Average on All, 4.43% ).
Real estate loans (a v e r a g e r a t e , 4 .9 1 p e r c e n t .) : 4 ) ^ % , $ 3 1 4 ,0 0 0 ; 4 J 4 % , $ 3 2 2 ,1 0 0 ; 5 % , $ 1 ,8 9 8 ,3 2 0 .9 8 .
Personal loans (a v e r a g e r a t e , 5 p e r c e n t .) : 4 J ^ % , $ 7 5 ,0 0 0 ; 5 % , $ 1 0 7 ,0 5 8 ;
$ 4 4 ,4 4 3 ; 6 % . $ 1 5 ,2 4 9 .4 2 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .0 4 p e r c e n t .) : 2 % , $ 5 ,0 0 0 ; 3 J ^ % , $ 8 7 9 ,0 0 0 ; 3 .6 5 % ,
$ 2 0 ,0 0 0 ; 3 .8 5 % , $ 1 7 ,0 0 0 ; 4 % , $ 1 ,3 6 1 ,5 0 0 ; 4 % % , $ 8 0 ,0 0 0 ; 4 ]/2%, $ 1 4 5 ,4 0 0 ; 5 % , $ 2 1 5 ,5 0 0 ; 6 % ,
$ 2 2 ,5 0 0 ; 7 % , $ 9 0 0 ; 1 0 % , $ 1 2 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 6 4 6 , a m o u n t in g t o $ 4 3 9 ,8 7 0 .6 3 .
1 1 8 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 5 5 0 ,9 7 4 .9 8 .
Dividends, Deposits and Withdrawals.
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : A p r il, 1 9 1 2 , \% %
O c t ., 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 1 5 ,6 9 0 , a m o u n t in g t o
$ 8 8 ,5 9 7 2 5
1 0 2 ,2 3 3 9 5
9 4 0 ,0 7 8 7 8
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 1 1 ,3 6 2 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
$ 1 ,1 3 0 ,9 0 9 9 8
1 ,0 4 5 ,6 8 1 9 9
.
.
.
.
$ 8 5 ,2 2 7 9 9
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$150,000
125,000
50.000
20.000
79.000
52.000
50.000
31.000
5,000
Massachusetts 3J^s
B oston 4s
Cambridge 4s
Grand Rapids, M ich., 4 ^ 8
N ortham pton 3)^s
N ortham pton 4s
Philadelphia, Pa., 4s
Springfie'd 4s
H adley (W . D .), 4s
Public Funds, Notes.
20.000
17.000
3,500
4.000
5.000
6.000
1.000
400
12.000
N ortham pton 3 .65%
N ortham pton 3.85%
N ortham pton 4s
Northam pton 4}^s
Eastham pton 4s
Hatfield 4s
Plainfield 4s
Plainfield 4J/£s
Williamsburg 4s
B oston & Albany 4s
Boston & M aine 4s
Boston & M aine 4J^s
Burl. & M o. R iver 6s
C . . B . & Q . 3J^s
C., B . & Q. 4s
C ., B . & Q. 5s
C hic. & N orthw . 3b£s
Chic. & N orthw . 4s
Chic., R . I. k Pac. 4s
Cleveland & Pitts. Z]4.s
Fitchburg 4s
H olyoke & W estfield 4J<^s
Illinois Central Zyis
L . Shore & M ich . So. 3)^s
M ichigan Central 3J^s
M ilw aukee, L . S. & W . 5s
N. Y ork & N . E . 4s
N. Y ., N . H . & H . 4sf
N o. M aine Seaport 5s
Old C olony 4s
Providence & W ore. 4s
$1,588,000
$630,900
D ate
Railroad Bonds.
$50,000
50.000
25.000
21.000
75.000
50.000
46.000
50.000
25.000
50.000
25.000
150.000
76.000
100.000
100.000
100.000
50.000
100.000
215.000
100.000
80.000
50.000
of
E x a m i n a t i o n , M a r c h 6, 7 , 8 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $ 1 0 0 ,0 0 0 n o t a le g a l in v e s t m e n t .
Street Railway Bonds,
$100,000 Boston Elevated 4)4s
50.000 Boston & Northern 4s
41.000 W est E nd 4s
$191,000
Bank Stocks.
Shs.
15 N l. B k. of Com m erce, Boston
20 M erchants N at. B k., Boston
50 Second N l. B k ., Boston
9 First N l. B k ., N ortham pton
50 Northam pton N l. Bk.
252
REPORT OF THE
[Pub. Doc.
NORTH AVENUE SAVINGS BANK, CAMBRIDGE.
I960 MASSACHUSETTS AVENUE.
In c o r p o r a te d M a r c h 7, 1872.
C harles
N u m b e r o f c o r p o r a t o r s , 2 7 ; n u m b e r o f t r u s t e e s , 16.
President.
F. Stbatto n ,
W il l ia m
Board of Trustees: H . O .
M il t o n
L. W alton,
Treasurer.
Clerk of the Corporation.
H . G oodnow ,
C u t t e r , E . L . G e u e b t , C . F . H a t h a w a y , W . L . H o o p e r , P h in e a s H u b -
, W . E . H u t c h in s , W . J. M a n d e l l , C . D . R ic e , F . E . S a n d s , A . P . S t o n e , C . F . S t r a t
, E. B. Stratto n , B . T . T h a y e r , Sam u el U sh er, M . L. W alto n , G . B. W aso n .
bard
ton
Board of Investment:
Auditing Committee:
C . F . S t r a t t o n , E . L . G r u e b y , W . L . H o o p e r , W . E . H u t c h in s , E . B . S t r a t t o n .
C . F . St r a t t o n , B . T . T h a y e r , C . D . R ic e .
D e p o s it s d r a w in t e r e s t f r o m t e n t h d a y o f J a n u a r y , A p r il, J u l y a n d O c t o b e r ; d i v id e n d s a r e p a y a b le
J a n u a r y 10 a n d J u ly 10.
B u s in e s s h o u r s : 8 .3 0 a . m . t o 1 p . m . ; a ls o S a t u r d a y s , f r o m 6 t o 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
A m e r ic a n T e l . & T e l . C o . b o n d s
.
.
.
.
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
$ 2 4 4 ,8 5 0
3 7 5 ,4 0 0
7 0 ,5 0 0
1 ,5 0 0
5 ,0 0 0
3 5 .0 0 0
2 2 .0 0 0
00
00
00
00
00
00
00
$ 2 4 2 ,9 5 4
3 4 2 ,5 2 2
6 9 ,8 6 0
1 ,8 7 5
4 ,8 0 0
3 1 ,3 2 5
1 3 ,5 6 5
$ 7 5 4 ,2 5 0 0 0
5 2 4 lo a n s o n re a l e s t a t e ( average of each, $8,297.93)
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
$ 2 4 4 ,7 0 8
3 6 7 ,7 8 4
7 0 ,0 6 0
1 ,3 5 0
5 ,0 0 0
3 2 ,2 2 5
1 4 ,7 7 0
$ 7 0 6 ,9 0 1 13
.
2 5 lo a n s o n p e r s o n a l s e c u r it y
B a n k b u ild in g a n d fix t u r e s ( estimated value, $40,000;
T a x e s , in s u r a n c e , e t c ., p a i d o n m o r t g a g e d p r o p e r t ie s
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
C a s h a n d c a s h it e m s
.
.
.
.
.
.
B ook Value.
13
00
00
00
00
00
00
75
00
00
00
00
50
00
$ 7 3 5 ,8 9 8 2 5
$ 1 ,7 3 4 ,7 6 8 0 0
6 ,6 5 0 0 0
1 ,7 2 8 ,1 1 8
2 0 5 ,3 7 0
3 7 ,0 0 0
173
2 8 ,8 3 9
1 ,6 9 8
assessed value, $31,410)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
00
00
00
17
68
97
$2,737,098 07
Liabilities.
D u e d e p o s it o r s o n 8 ,2 1 1 a c c o u n t s , a v e r a g in g $ 3 1 7 .5 6 e a c h
$ 2 ,6 0 7 ,5 2 9 81
{Accounts opened during year, 1,282; closed, 716; increase, 566)
S u r p lu s : —
a. G u a r a n t y f u n d ( 3.53% of deposits; increase during year, $6,500)
b. P r o f it a n d lo s s {increase during year, $10,926.65) .
C u rre n t in c o m e : —
In terest
.
.
.
.
.
.
.
.
.
.
L ess cu rren t exp en ses n o t ch a rg e d o ff
.
.
.
.
U n ea rn ed d is c o u n t
.
.
.
.
.
9 2 ,0 0 0 0 0
2 6 ,7 4 8 3 5
$ 1 3 ,6 3 0 3 7
3 ,4 7 3 29
1 0 ,1 5 7 0 8
662 83
.
Total Liabilities
$2,737,098 07
.
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R en t.
Advertising.
A m o u n t p a id f o r
$ 3 ,7 1 5 .7 4
$ 5 ,0 9 6 .9 6
$ 2 ,0 0 0 .0 0
$ 1 5 2 .3 7
C o s t p e r $ 1 ,0 0 0 o f a sse ts
1 .3 7
1 .8 6
.7 3
.0 5
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t
.
.
.
.
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 2 0 ,3 9 1 .6 7 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Expenses.
T ota l.
$ 2 ,1 8 0 .4 3
.8 0
.
.
$ 1 3 ,1 7 5 .5 0
4 .8 1
2 .7 1
No. 8.
BANK COMMISSIONER.
253
Rates on Investments and Loans (Average on All, 4.74% ).
Real estate loans (a v e r a g e r a t e , 5 .0 3 p e r c e n t .) : 4)4% , $ 1 2 ,5 0 0 ; 4 )4% , $ 4 ,5 0 0 ; 5 % , $ 1 ,6 5 5 ,9 9 8 ; 5)4% ,
$ 3 4 ,0 7 0 ; 6 % , $ 2 1 ,0 5 0 .
Personal loans (a v e r a g e r a t e , 4 .5 2 p e r c e n t .) : 4)4% , $ 1 5 ,0 0 0 ; 4% % , $ 6 5 ,0 0 0 ; 4)4% , $ 9 9 ,1 7 0 ; 4)4% ,
$ 1 0 ,0 0 0 ; 5 % , $ 7 ,6 0 0 ; 5)4% , $ 6 ,0 0 0 ; 6 % , $ 2 ,6 0 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .1 2 p e r c e n t .) : 2 % , $ 8 ,4 9 0 .3 1 ; 3 % , $ 1 8 ,0 0 0 ; 3)4% ,
$ 2 1 0 ,6 0 9 .6 9 ; 4 % , $ 3 6 1 ,7 5 0 ; 4 .2 0 % , $ 1 0 ,0 0 0 ; 4)4% , $ 7 2 ,0 0 0 ; 5 % , $ 4 6 ,5 0 0 ; 6 % , $ 1 7 ,9 0 0 ; 7 % , $ 2 ,0 0 C .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 1 4 , a m o u n t in g t o $ 5 6 7 ,3 5 8 .
6 5 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 2 3 2 ,2 5 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 1 2 ,2 8 3 , a m o u n t in g t o
$ 4 5 ,1 7 9 15
4 7 ,0 7 6 0 4
6 2 0 ,7 3 1 18
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 7 ,2 9 3 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
.
$ 7 1 2 ,9 8 6 3 7
5 0 0 ,1 5 5 9 4
$ 2 1 2 ,8 3 0 4 3
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$1,000 A roostook C o ., M e., 4)4s
7.000 Belknap C o ., N . H ., 4s
1.000 H illsborough C o., N . H ., 4s
11.000 B oston 3)48
5.000 B oston 4s
5.000 Brockton 4s
3.000 Cam bridge 4s
11.000 Chicago, 111., 4s
500 Chicopee 4s
5.000 D ubuque, la ., 4s
1.000 H olyok e 3)48
2.000 Johnstown, P a., 3)4s
20.000 Kansas C ity, M o., 4)4s
6.000 Lynn 3)4s
10.000 L os Angeles, Cal., 4J^s
3.500 M ilwaukee, W is., 4s
10.000 New Bedford 4s
1.000 N ew London, C t., 3}^S
5.000 Omaha, N eb ., 4)48
10.000 Seattle, W ash., 4)4s
4.000 W ilkes-Barre, Pa., 3)48
7.000 A ndover 4s
1.000 Gloucester 4s
2.000 Ipsw ich 4s
10.000 Lincoln 3)4a
1.000 Lincoln, R . I., 4s
10.000 Mansfield 4s
10.000 Mansfield 4.20%
10.000 M ilford 4s
9,600 Palm er 3)48
10.000 Revere 4s
3.000 Salem, N . H ., 4s
7.500 B r. & T ops., M e. (W . D .), 4s
D ate
op
Public Funds, Notes.
Chicopee 3)4s
$2,500
13.000
1,500
14.000
2.000
1,250
2.000
500
5.000
$18,000
32.000
5.000
20.000
40.000
13.000
3.000
5.000
4,400
2.000
10.000
5.000
5.000
Chicopee 4s
Carver 4s
Greenfield 3)4s
H opkinton 4s
H ull 4s
N orw ood 4s
R evere 4s
W hitman 4s
$244,850
Illinois Central 3s
Illinois Central 3)4a
Louisville & Nashville 4s
M ichigan Central 4s
N . Y ., N . H . & H . 3)4a
N . Y ., N . H . & H . 4s
Old C olony 4s
Princeton & N . W . 3)4a
Republican Valley 6s
T a rk io Valley 7s
U pper Coos 4s
U pper Coos 4)4 b
W ashington C o. 3 )4s
Railroad Bonds.
$25,000 Atchison, T op . & San. F 6 4s
1.000 Boston & M aine 3)4a
29.000 B oston & M aine 4s
10.000 B oston & M aine 4)4a
10.000 B oston & Albany 4s
3.000 B oston & Low ell 4s
10.000 B oyer Valley 3)4a
1.000 Bridgton & Saco R . 4s
12.000 Burl. & M o . R . 6s
20.000 C ., B . & Q . 3J^s
5.000 C ., B . & Q. 4s
3.000 C., B . & Q. 5s
2.000 Chic. & N orthw . 5st
20.000 Chic., R . I . & Pac. 4s
10.000 Cleveland & Pitts. 3)4a
5.000 Concord & M ontreal 4s
4.000 C onnecticut R iv er 3)4b
5.000 D exter & Piscataquis 4s
5.000 Erie & Pittsburgh 3J^s
10.000 Fitchburg 3)4s
23.000 Fitchburg 4s
$375,400
Street Railway Bonds.
$10,000 Boston & Northern 4s
11.000 Citizens 5s
2.000 East M iddlesex 4s
1.000 G Iouc., Essex & B ev . 5s
15.000 Georgetown, R ow . & Ips. 5s
11.000 Low ell, Law . & H aver. 5s
1,500 M ystic Valley 5s
1.000 W akefield & Stoneham 5s
6.000 W est E nd 4s
6.000 W est End 4J^s
5.000 W orcester Consolidated4Jis*
1.000 W orcester & Clinton 5s*
$70,500
Bank Stocks.
Shs.
15 First N l. B k., M arlborough
E x a m i n a t i o n , A p r il 1, 2.
* L e g a l in v e s t m e n t s w h e n m a d e .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t N o t a le g a l in v e s t m e n t .
254
REPORT OF THE
[Pub. Doc.
NORTH BROOKFIELD SAVINGS BANK, NORTH BROOKFIELD.
SUMMER STREET.
In co rp o ra te d F e b ru a ry 28, 1854.
G eorge
R . H am ant,
President.
M a u r ic e
Board of Trustees: E .
N u m b e r o f c o r p o r a t o r s , 3 3 ; n u m b e r o f t r u s t e e s , 14.
A rthur
A . L ongley,
C . B l is s ,
Treasurer.
Clerk of the Corporation.
D . B a t c h e l l e r , F . S. B a r t l e t t , H . P . B a r t l e t t , A . C . B l is s , B . A . B u s h ,
S. A . C l a r k , G . R . D o a n e , W . F . F u l l a m , G . R . H a m a n t , S u m n e r H o l m e s, M . A . L o n g l e y ,
H . T . M a y n a r d , T . G . R ic h a r d s , A . G . St o n e .
Board of Investment: G .
R . H a m a n t , G. R . D o a n e , Su m n er H o lm es, H . T . M a y n a r d .
Auditing Committee: T . G .
R ic h a r d s , H . T . M a y n a r d , H . P . B a r t l e t t .
D e p o s it s d r a w in t e r e s t f r o m t h ir d d a y o f J a n u a r y , A p r i l J u ly a n d O c t o b e r ; d iv id e n d s a r e p a y a b le
J a n u a r y 3 a n d J u ly 3 . B u s in e s s h o u r s : 9 a .m . t o 1 p .m .; 2 t o 4 p . m .; S a t u r d a y s , 9 a .m . t o 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a ilr o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s to n T e rm in a l C o . b o n d s .
A m e r ic a n T e l. & T e l . C o . b o n d s
$ 8 3 ,5 0 0
1 3 9 ,0 0 0
6 1 ,0 0 0
1 ,4 0 0
1 5 .0 0 0
1 4 .0 0 0
00
00
00
00
00
00
$ 8 4 ,4 0 9
1 3 9 ,0 1 0
6 1 ,0 9 0
2 ,7 4 0
1 4 ,4 0 0
1 2 ,5 3 0
$ 3 1 3 ,9 0 0 0 0
2 5 6 lo a n s o n r e a l e s t a t e {average of each, $1,438.91) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
.
.
.
.
.
$ 8 3 ,5 0 0
1 3 9 ,0 0 0
6 0 ,2 1 5
1 ,4 0 0
1 5 ,0 0 0
1 2 ,6 3 6
00
00
00
00
00
25
$ 3 1 1 ,7 5 1 2 5
$ 3 7 3 ,6 5 5 0 0
6 ,5 7 5 0 0
.
1 l o a n o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $10,000; assessed value,
R e a l e s t a t e b y f o r e c lo s u r e , e t c . (a s s e s s e d v a lu e , $ 6 ,5 0 0 )
.
.
.
D e p o s it s in n a t i o n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
C ash .
.
.
.
.
.
.
.
.
.
.
.
Total Assets
$ 3 1 4 ,1 7 9 3 7
.
.
37
00
00
00
00
00
B ook Value.
3 6 7 ,0 8 0
300
5 ,0 0 0
6 ,0 7 3
1 4 ,1 1 7
2 ,0 5 4
.
S I0,000)
.
.
.
00
00
00
57
53
84
.
.
.
.
.
$706,377 19
.
.
.
.
.
$ 6 3 4 ,6 2 4 3 2
Liabilities.
D u e d e p o s it o r s o n 2 ,0 3 1 a c c o u n t s , a v e r a g in g $ 3 1 2 .4 6 e a c h
(Accounts opened during year, 179; closed, H O ; increase, 39)
S u r p lu s : —
a. G u a r a n t y f u n d {6.22% of deposits; increase during year, none)
b. P r o f it a n d lo s s {increase during year, S2.H 5.25) .
.
.
C u r r e n t in c o m e : —
In terest
.
.
.
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
.
.
.
.
.
.
$ 1 1 ,6 6 8 8 6
7 3 8 39
----------- ■---------------
.
.
.
3 9 ,5 0 0 0 0
2 1 ,3 2 2 4 0
1 0 ,9 3 0 47
$708,377 19
BANK COMMISSIONER.
No.
255
Total Expenses for the Year, including State Taxes.
State T a x (N et).
R en t.
Salaries.
A m o u n t p a id f o r
$ 9 3 1 .8 2
$ 1 ,2 2 0 .6 3
C o s t p e r $ 1 ,0 0 0 o f a sse ts
1 .3 2
1 .7 2
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t
Advertising.
Other Expenses.
$ 6 2 2 .7 8
.8 8
.
T otal.
$ 2 ,7 7 5 .2 3
3 .9 2
2 .6 0
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 3 1 ,8 9 5 .2 9 .
Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (a v e r a g e r a t e , 5 -1 9 p e r c e n t .) : 5 % , $ 2 3 0 ,3 0 0 ; 5 J ^ % , $ 1 3 3 ,4 3 0 ; 6 % , $ 3 ,3 5 0 .
Personal loans (a v e r a g e r a t e , 5 }^ p e r c e n t .) : 5 J ^ % , $ 3 0 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .4 8 p e r c e n t .) : 3 % % , $ 3 3 ,0 0 0 ; 4 % , $ 1 1 8 ,5 0 0 ; 4 J ^ % ,
$ 5 3 ,0 0 0 ; 5 % , $ 1 0 3 ,4 0 0 ; 7 % , $ 5 ,0 0 0 ; 8 % , $ 1 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 2 2 9 , a m o u n t in g t o $ 2 0 8 ,0 0 5 .
3 9 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 8 6 ,8 5 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 1 ,4 8 0 , a m o u n t in g t o
$ 1 1 ,4 0 8 7 0
1 1 ,7 6 6 12
9 8 ,8 8 2 4 9
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 1 ,4 3 0 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$ 1 2 2 ,0 5 7 31
7 8 ,5 9 8 7 2
$ 4 3 ,4 5 8 5 9
SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Public Funds, Bonds.
$18,000
10.000
10.000
10,500
4,000
D ayton, 0 ., 5s
Kansas City, M o., 4}^s
N orth Brookfield 4s
Plainville 4s
Stam ford, C t., 4s
Public Funds, Notes.
18.000 N orth Brookfield 3 % s
10.000 N orth Brookfield 4s
3,000 N orth Brookfield 4J^s
$17,000
20.000
15.000
5.000
20.000
25.000
5.000
10.000
12.000
10.000
Bangor & Aroostook 5s
B oston & M aine 4s
Concord & M ontreal 4s
Delaware & H udson 7s
N . Y . , N . H . & H . 4s
N o. M aine Seaport 5s
Old C olony 4s
Ports, G t. F . & C on . 4 % s
R om e, W ater. & Ogdens. 5s
Upper Coos 4J^s
$139,000
$83,500
D ate
op
E x a m i n a t i o n , J a n u a r y 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A le g a l in v e s t m e n t w h e n m a d e .
Street Railway Bonds.
$20,000
10.000
8.000
8.000
10.000
5.000
Boston Elevated 4)^s
Boston & N orthern 43
Lowell, Law. & H av. 5s
Lynn & B oston 5s
Springfield & Eastern 5s
W orcester Consolidated 5s*
$61,000
Bank Stocks.
Shs.
10 E liot N l. B k ., Boston
4 W are N l. Bank
REPORT OF THE
256
[Pub. Doc.
NORTH EASTON SAVINGS BANK, NORTH EASTON.
M AIN STREET.
I n c o r p o r a te d F e b ru a r y 8 , 1864.
N u m b e r o f c o r p o r a t o r s , 2 5 ; n u m b e r o f t r u s t e e s , 15.
W il l ia m H . A m e s , President.
C h e s t e r R . F i e l d , Treasurer.
L o r e n zo B . C r o c k e t t , Clerk of the Corporation.
Board of Trustees: F . L . A m e s , H o b a r t A m e s , J . S. A m e s , O a k e s A m e s , W . H . A m e s , D . F . B u c k l e t , L . B . C r o c k e t t , C . R . F i e l d , J . R . F i e l d , H . W . F r e n c h , E d w in G il m o r e , W . K . G o w a r d ,
J . B . K in g , G . E . S h e p a r d , J . M . W il l ia m s .
Board of Investment: W . H . A m e s , F . L . A m e s , W . K . G o w a r d , H . W . F r e n c h , O a k e s A m e s , G . E .
Sh e p a r d .
Auditing Committee: F . L . A m e s , J . M . W il l ia m s , D . F . B u c k l e t .
D e p o s it s d r a w i n t e r e s t f r o m fift e e n t h d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r ; d i v i d e n d s a r e p a y a b le
A p r i l 15 a n d O c t o b e r 15.
B u s in e s s h o u r s : 9 a .m . t o 12 m .; 1 .3 0 t o 3 p .m . S a t u r d a y s , 9 a .m . t o
12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
P ar Value.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
.
.
.
.
A m e r ic a n T e l . & T e l . C o . b o n d s
.
.
.
.
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
.
$ 4 1 ,0 0 0
3 2 5 .0 0 0
1 5 0 .0 0 0
1 1 ,7 2 0
5 ,0 0 0
4 0 ,0 0 0
2 ,7 5 0
$ 4 0 ,7 7 7
3 0 1 ,3 6 2
1 4 4 ,1 1 2
2 1 ,4 3 7
4 ,8 0 0
3 5 ,8 0 0
2 ,7 5 0
00
00
00
00
00
00
00
$ 5 7 5 ,4 7 0 0 0
4 1 1 lo a n s o n r e a l e s t a t e (average of each, $2,786.78 ) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
B ook Value.
50
50
50
00
00
00
00
$ 4 1 ,0 0 0
3 2 1 ,7 1 6
1 4 6 ,3 5 8
1 4 ,8 2 1
5 ,0 0 0
3 7 ,7 4 3
3 ,3 3 6
$ 5 5 1 ,0 3 9 5 0
00
67
54
72
00
61
67
$ 5 6 9 ,9 7 7 21
$ 1 ,1 4 8 ,5 8 9 5 8
3 ,2 2 1 7 5
4 3 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $41,217.38; assessed value, $23,260)
R e a l e s t a t e b y f o r e c lo s u r e , e t c . (assessed value, $1,725)
.
.
.
.
.
T a x e s , in s u r a n c e , e t c ., p a id o n m o r t g a g e d p r o p e r t ie s
.
.
.
.
.
P r e m iu m a c c o u n t
.
.
.
.
.
.
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
.
.
C ash .
.
.
.
.
.
.
.
.
.
.
.
.
.
1 ,1 4 5 ,3 6 7
6 3 4 ,0 0 0
4 1 ,2 1 7
4 ,0 1 5
940
1 0 ,4 5 9
3 5 ,8 8 8
1 ,9 5 7
.
.
.
.
.
.
.
83
00
38
15
79
69
82
06
$2,443,823 93
Total Assets
Liabilities.
.
.
$ 2 ,3 0 4 ,0 8 7 2 5
year, $5,649.37) .
.
.
.
.
.
.
1 1 5 ,6 1 6 0 0
1 5 ,5 3 2 5 3
D u e d e p o s it o r s o n 4 ,4 3 3 a c c o u n t s , a v e r a g in g $ 5 1 9 .7 5 e a c h
.
.
.
(Accounts opened during year, 327; closed, 336; decrease, 9)
S u r p lu s : —
a. G u a r a n t y f u n d ( 5.02% of deposits; increase during
b. P r o f it a n d lo s s (increase during year, $4',273.66)
C u r r e n t in c o m e : —
In terest
.
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$ 8 ,8 6 1 4 8
273 33
8 ,5 8 8 15
Total Liabilities
.
. $2,443,823 93
No. 8.]
BANK COMMISSIONER.
257
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R ent.
Advertising.
Other Expenses.
A m o u n t p a id f o r
$ 5 ,4 4 8 .2 9
$ 3 ,5 0 7 .5 1
$ 5 7 5 .0 0
C o s t p e r $ 1 ,0 0 0 o f a ss e ts
2 .2 3
1 .4 3
.2 3
C o s t p e r $ 1 ,0 0 0 o f a sse ts n o t in c lu d in g S t a t e t a x a n d r e n t
.
$ 9 5 8 .1 2
.3 9
T otal.
$ 1 0 ,4 8 8 .9 2
4 .2 8
1 .8 2
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 0 9 ,9 7 8 .9 1 .
Rates on Investments and Loans (Average on All, 4.83% ).
Real estate loans (a v e r a g e r a t e , 5 .2 2 p e r c e n t .) : 4 % % , $ 1 5 ,0 0 0 ; 5 % , $ 7 5 2 ,9 5 7 ; 5 J ^ % , $ 2 4 0 ,4 3 9 .5 0 ; 6 % ,
$ 1 3 6 ,9 7 1 .3 3 .
Personal loans (a v e r a g e r a t e , 4 .8 7 p e r c e n t .) : 4 J ^ % , $ 1 0 5 ,0 0 0 ; 4 % % > $ 3 0 0 ,0 0 0 ; 5 % , $ 1 2 2 ,0 0 0 ; 5 M % >
$ 4 0 ,0 0 0 ; bV2% , $ 6 7 ,0 0 0 .
Bonds, stocks etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .0 1 p e r c e n t .) : 3 % , $ 2 5 ,0 0 0 ; 33di% , $ 1 0 5 ,0 0 0 ; 4 % ,
$ 3 0 1 ,0 0 0 ; 4 H % , $ 1 2 0 ,0 0 0 ; 5 % , $ 1 3 ,8 0 0 ; 1 0 % , $ 7 ,5 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 4 0 , a m o u n t in g t o $ 4 8 5 ,3 4 5 .3 0 .
4 9 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 1 2 1 ,2 0 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : A p r il, 1 9 1 2 , 2 %
O c t ., 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 2 ,5 3 2 , a m o u n t in g t o
$ 4 3 ,8 3 4 6 4
4 4 ,6 7 8 2 4
2 3 9 ,1 6 3 6 4
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 ,6 3 6 , a m o u n t in g t o
$ 3 2 7 ,6 7 6 52
2 6 9 ,5 9 3 8 6
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
$ 5 8 ,0 8 2 6 6
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000
1.000
5.000
30,000
Syracuse, N . Y ., 4s
M arlborough 4s
Randolph 4s
N o. Easton (Vil. D ist.) 4s
$41,000
Railroad Bonds.
$25,000
20.000
35.000
35.000
20.000
Boston & Albany 4s
Boston & M aine 3p¿s
Boston & M aine 4}^s
C ., B . & Q. 3 ^ s
Concord & M ontreal 4s
$25,000
5.000
10.000
5.000
10.000
25.000
15.000
10.000
20.000
35.000
10.000
15.000
5.000
$325,000
D a te op E x a m in a t io n , J u ly 3, 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Chic. & Northwestern 4s
D exter & Piscataquis 4s
Fitchburg 3}is
Fitchburg 4s
Fitchburg 4J^s
Illinois Central 3s
Illinois Central 3J^s
Illinois Central 4s
N . Y ., N . H . & H . 3M s
N . Y . . N . H . & H . 4s
N o. M aine Seaport 5s
Old C olony 4s
Portland & R . Falls 4s
Street Railway Bonds.
$75,000 B oston Elevated 4J^s
60.000 Boston & Northern 4s
15.000 W est End 4s
$150,000
Bank Stocks.
Shs.
75 N l. Shawmut B k., B oston
12 Trem ont N l. B k ., Boston
38 Bristol Co. N l. B k ., Taunton
REPORT OF THE
258
[Pub. Doc.
NORTH END SAVINGS BANK, BOSTON.
57
In co rp o ra te d F e b ru a ry 17, 1870.
COURT STREET.
N u m b e r o f c o r p o r a t o r s , 2 9 ; n u m b e r o f t r u s t e e s , 15.
W il l ia m G . S h il l a b e r , President.
F r a n k E . B u x t o n , Treasurer.
E d w in A . B a y l e y , Clerk o f the Corporation.
Board o f Trustees: E . A . B a y l e y , C . G . B u r g e s s , J . T . B u r n e t t , F . E . B u x t o n , E . I . M
o r r is o n ,
C . E . N o y e s , I . E . N o y e s , W . F . R o b in s o n , C . P . S h il l a b e r , W . G . S h il l a b e r , S. F . S q u ir e s ,
F . H . V i a u x , M . P . W h i t e , A . M . W ig g in , C . E . W ig g in .
Board of Investment: W . G . S h il l a b e r , C . E . N o y e s , S . F . S q u ir e s , C . E . W ig g in , J . T . B u r n e t t .
Auditing Committee: C . G . B u r g e s s , A . M . W ig g in , J . T . B u r n e t t .
D e p o s it s d r a w i n t e r e s t f r o m fir s t d a y o f J a n u a r y , A p r il, J u l y a n d O c t o b e r ; d i v id e n d s a re p a y a b le
J a n u a r y 1 a n d J u ly 1.
B u s in e s s h o u r s : 9 a .m . t o 2 p . m .; a ls o S a t u r d a y s , f o r d e p o s it s o n l y , fr o m
2 u n t il 8 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
A m e r ic a n T e l . & T e l. C o . b o n d s
$ 2 5 0 ,0 0 0
5 5 5 .0 0 0
455
2 0 5 .0 0 0
00
00
00
00
$ 2 4 5 ,0 0 0
5 0 6 ,3 1 2
13
1 9 6 ,8 0 0
8 9 ,5 0 0
00
50
00
00
00
$ 2 5 1 ,1 2 0 0 0
5 5 5 ,8 0 0 0 0
$ 1 ,0 3 7 ,6 2 5 5 0
$ 1 ,1 1 3 ,4 6 0 5 0
100.000 00
$ 1 ,1 1 0 ,4 5 5 0 0
B ook Value.
5 5 0 lo a n s o n r e a l e s t a t e (average of each, $5,629.07) .
5 0 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
R e a l e s t a t e b y f o r e c lo s u r e , e t c . (assessed value, $71,700)
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
C ash .
.
.
.
.
.
.
.
.
2 1 6 ,0 9 0 50
9 0 ,4 5 0 0 0
$ 3 ,0 9 5 ,9 9 0
1 ,7 4 4 ,9 2 1
5 7 ,1 0 7
1 0 1 ,9 7 6
7 ,9 1 2
Total Assets
30
00
24
67
90
$6,121,368 61
Liabilities.
D u e d e p o s it o r s o n 1 3 ,1 0 8 a c c o u n t s , a v e r a g in g $ 4 3 5 .2 5 e a c h
.
.
.
.
.
$ 5 ,7 0 5 ,3 6 9 2 7
(Accounts opened during year, 1,608; closed, 1,328; increase, 286)
S u r p lu s : —
а. G u a r a n t y f u n d ( 4 .0 1 % o f deposits; increase during year,
б. P r o f it a n d lo s s ( increase during year, $9,987.11)
.
.
C u r r e n t in c o m e : —
In te re st
.
.
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
$14,600 )
.
.
.
.
.
.
.
.
.
.
$ 3 6 ,3 0 4 T8 2
6 ,5 4 6 7 9
--------------------- —
2 2 9 ,0 0 0 0 0
1 5 7 ,2 4 1 31
2 9 ,7 5 8 0 3
. $6,121,368 61
BANK COMMISSIONER.
No. 8.
259
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R ent.
Advertising.
A m o u n t p a id f o r
$ 1 1 ,0 4 8 .9 2
$ 1 4 ,1 2 5 .5 4
$ 5 ,5 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts
1 .8 0
2 .3 1
.9 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Other Expenses.
T otal.
$ 3 ,3 9 7 .3 5
.5 5
$ 3 4 ,0 7 1 .8 1
5 .5 6
-
2.86
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 2 5 9 ,7 1 0 .4 9 .
Rates on Investments and Loans (Average on All, 4.45% ).
Real estate loans (a v e r a g e r a t e , 4 .7 7 p e r c e n t .) : 3 .7 5 % , $ 5 8 ,0 0 0 ; 4 % , $ 1 3 8 ,5 0 0 ; 4 .2 5 % , $ 2 8 6 ,5 0 0 ; 4 .5 0 % ,
$ 6 7 9 ,0 7 7 .8 0 ; 5 % , $ 1 ,8 8 5 ,8 6 2 .5 0 ; 5 .5 0 % , $ 8 ,3 5 0 ; 6 % , $ 3 9 ,7 0 0 .
Personal loans (a v e r a g e r a t e , 4 .5 1 p e r c e n t .) : 4 % , $ 2 0 ,7 0 0 ; 4 .2 5 % , $ 1 0 ,0 0 0 ; 4 .5 0 % , $ 1 ,6 6 9 ,7 0 0 ; 5 % ,
$ 1 4 ,8 0 0 ; 5 .5 0 % , $ 2 5 ,0 0 0 ; 6 % , $ 4 ,7 2 1 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 3 .4 9 p e r c e n t .) : 3 % , $ 2 5 ,0 0 0 ; 3 J ^ % , $ 6 3 5 ,0 0 0 ; 3 .6 0 % ,
$ 5 0 ,0 0 0 ; 3 .7 0 % , $ 1 0 ,0 0 0 ; 4 % , $ 3 7 0 ,0 0 0 ; 7 % , $ 2 0 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 2 1 , a m o u n t in g t o $ 5 6 7 ,7 4 6 .
5 4 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 4 4 4 ,0 5 0 ,
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , \ %
N u m b e r o f d e p o s it s d u r in g y e a r , 1 5 ,4 7 2 , a m o u n t in g t o
.
.
.
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 1 1 ,4 5 9 , a m o u n t in g t o
N e t in c r e a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
$ 1 0 3 ,8 4 3 4 9
9 3 ,3 6 4 59
1 ,1 9 4 ,0 3 2 7 6
.
$ 1 ,3 9 1 ,2 4 0 8 4
1 ,1 2 7 ,8 5 6 4 8
% ....................................................
.
.
.
.
.
.
.
.
.
.
.
$ 2 6 3 ,3 8 4 3 6
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 B oston 3J^s
10,000 M ansfield (W . D .) 4s
$10,000 Southboro 3J^s
20,000 W akefield 3 ^ 3
$250,000
Railroad Bonds.
Public Funds, Notes.
50.000
50.000
30.000
10.000
20.000
M edford 3.60%
Somerville 3)^ s
Braintree 3J^s
East Bridgewater 3.70%
Lexington 3J^s
$25,000
75.000
25.000
25.000
145,000
25.000
D a t e op E x a m in a t io n , J u n e 2 0 , 2 1 .
I
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
B oston & M aine 3J^s
0 ., B . & Q . 3p6s
Concord & M ontreal 4s
Erie & Pittsburgh 3)^s
Fitchburg 4s
Illinois Central 3s
$25,000
50.000
50.000
25.000
40.000
20.000
25.000
Illinois Central 3 ^ 8
M ichigan Central 3 ^ s
N. Y „ N. H. & H. 3 ^ s
N . Y ., N . H . & H . 4s
Penobscot Shore Line 4s
T roy & Boston 7s
Upper Coos 4s
$555,000
Bank Stocks.
Shs.
13 Trem ont N l. B k ., Boston
260
REPORT OF THE
[Pub. Doc,
NORTH MIDDLESEX SAVINGS BANK, AYER.
M AIN STREET.
In co rp o ra te d M a rch 5, 1885.
N u m b e r o f c o r p o r a t o r s , 3 3 ; n u m b e r o f t r u s t e e s , 19.
D a n ie l W . F l e t c h e r , President.
S a r a h T . T u t e n , Treasurer.
E d w a r d A . R ic h a r d s o n , Clerk of the Corporation.
Board of Trustees: W . H . A n n is , E u g e n e B a r r y , G . H . B i x b y , W . H . F a ir b a n k , D . W . F l e t c h e r ,
H . S. H a z e n , T . L . H a z e n , F . A . P a t c h , O . K . P ie r c e , E . A . R ic h a r d s o n , G . W . S a n d e r s o n ,
W . U . S h e r w in , W a ld o S p a u l d in g , E . D . St o n e , B e n ja m in T a f t , P e t e r T a r b e l l , H . B .
W h it e , F r e d e r ic k W h it n e y , C . F . W o r c e s t e r .
Board of Investment: D . W . F l e t c h e r , F . A . P a t c h , O. K . P ie r c e , P e t e r T a r b e l l , H . B . W h it e .
Auditing Committee: W . U . S h e r w in , W . H . F a ir b a n k , E . A . R ic h a r d s o n .
D e p o s it s d r a w in t e r e s t f r o m fir s t d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r ; d iv id e n d s a re p a y a b le
J a n u a r y 5 a n d J u ly 5 .
B u s in e s s h o u r s : 9 t o 11 a .m .; 1 2 .3 0 t o 3 p .m .; S a t u r d a y s , 8 a .m . t o 1 p .m .
STATEMENT OF CONDITION
Assets.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
.
.
A m e r ic a n T e l. & T e l. C o . b o n d s
.
.
OCTOBER 31, 1912.
Par Value.
.
.
.
.
.
.
.
.
.
.
$ 1 8 9 ,6 6 0
2 4 1 ,0 0 0
7 5 .0 0 0
1 2 ,3 0 0
5 0 .0 0 0
2 5 .0 0 0
00
00
00
00
00
00
$ 5 9 2 ,9 6 0 0 0
Estim ated
M arket Value.
$ 1 8 7 ,9 9 2
2 2 6 ,0 5 0
7 1 ,6 0 0
2 3 ,9 0 5
4 8 ,0 0 0
2 2 ,3 7 5
50
00
00
00
00
00
$ 5 7 9 ,9 2 2 5 0
3 6 3 lo a n s o n r e a l e s t a t e (average o f each, $1,644.95) .
.
.
.
.
.
5 1 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $36,500; assessed value, $29,800)
R e a l e s t a t e b y fo r e c lo s u r e , e t c . (assessed value, $2,700)
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
.
.
C ash .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
B ook Value.
$ 1 8 9 ,6 6 0
2 3 9 ,2 6 2
7 4 ,2 7 5
1 6 ,1 1 0
5 0 ,0 0 0
2 3 ,2 5 0
$ 5 9 2 ,5 5 7 60
$ 5 9 7 ,1 2 0
1 4 0 ,0 1 7
3 5 ,0 0 0
2 ,0 9 3
2 1 ,4 9 8
315
.
.
.
Total Assets
00
50
00
10
00
00
15
00
00
09
00
18
$1,388,601 02
Liabilities.
D u e d e p o s it o r s o n 4 ,5 4 8 a c c o u n t s , a v e r a g in g $ 2 8 7 .6 6 e a c h
$ 1 ,3 0 8 ,2 9 7 41
(Accounts opened during year, 627; closed, J+5Q; increase, 177)
S u r p lu s ; —
a. G u a r a n t y fu n d (3.64% of deposits; increase during year, $3,285)
b. P r o f it a n d lo s s (decrease during year, $1,701.67)
C u rre n t in c o m e : —
a. I n t e r e s t .
.
.
.
.
.
.
$ 1 2 ,5 4 3 6 6
b. R e n t ..............................................................................
1 7 4 41
c. F o r e c lo s u r e i n c o m e
.
.
.
.
.
1 0 6 12
4 7 ,6 6 0 0 0
2 1 ,7 6 8 36
$ 1 2 ,8 2 4 19
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
L e s s S t a t e o r lo c a l t a x e s n o t c h a r g e d o f f
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$ 1 ,4 1 5 5 2
533 42
1 ,9 4 8 9 4
1 0 .8 7 5 2 5
Total Liabilities
.
. $1,388,601 02
No. 8.]
BANK COMMISSIONER.
261
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R en t.
A m o u n t p a id f o r
$ 2 ,7 3 2 .9 5
$ 3 ,4 6 3 .1 6
$ 5 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a ss e ts
1 .9 6
2 .4 9
.3 6
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Advertising. Other Expenses.
.
.
.
$ 7 8 6 .1 3
.5 6
.
.
T otal.
$ 7 ,4 8 2 . 2 4
5 .3 7
3 .0 5
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 6 1 ,3 1 6 .4 0 .
Rates on Investments and Loans (Average on All, 4.56%).
Real estate loans (a v e r a g e r a t e , 5 .0 8 p e r c e n t .) : 4 % , $ 8 ,4 9 4 ; 4 ) 4 % , $ 1 7 ,3 0 0 ; 5 % , $ 5 0 3 ,6 1 7 .1 5 ; 5 1 4 % ,
$ 8 ,0 1 6 ; 6 % , $ 5 9 ,6 9 3 .
Personal loans (average rate, 5 .0 2 per cent.): 4)4%, $ 1 0 ,0 0 0 ; 414%, $ 5 ,0 0 0 ; 4M%> $ 1 1 ,8 7 5 ; 5 % , $ 8 6 ,1 8 2 ;
5 J 4 % , $ 2 0 ,3 2 5 ; 6 % , $ 6 ,6 3 5 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 3 .9 3 p e r c e n t .) : 3 % , $ 1 0 ,0 0 0 ; 3 1 4 % , $ 2 3 4 ,7 0 0 ; 3 % % ,
$ 5 0 0 ; 3Vs%, $ 1 1 ,3 6 0 ; 4 % , $ 2 5 9 ,1 0 0 ; 4 1 4 % , $ 4 5 ,0 0 0 ; 5 % , $ 2 0 ,0 0 0 ; 6 % , $ 5 0 0 ; 7 % , $ 1 ,5 0 0 ; 8 % ,
$ 1 0 ,3 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 7 3 , a m o u n t in g t o $ 4 3 9 ,7 9 9 .1 5 .
3 9 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 8 1 ,2 0 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 4 ,2 3 8 , a m o u n t in g ' t o
$ 2 4 ,2 3 2 7 7
2 4 ,5 6 9 09
2 3 2 ,7 4 3 3 4
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 ,9 9 7 , a m o u n t in g t o
$ 2 8 1 ,5 4 5 2 0
2 5 1 ,8 8 2 8 6
$ 2 9 ,6 6 2 34
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000
32.000
1.000
5.000
15.000
9.000
5.000
Massachusetts 314s
B oston 3J4s
Fitchburg 4s
M arlborough 4s
Springfield 314s
Hudson 4s
W alpole 4s
Public Funds, Notes.
500
24,100
11,360
5.000
31,000
6.000
39,700
Ashby 314s
Ayer 4s
G roton 314s
G roton 4s
Pepperell 4s
Shisley 314s
Shirley (W .D .) 3H a
$189,660
Railroad Bonds.
$10,000
10.000
5.000
5.000
15.000
5.000
12.000
20.000
15.000
5.000
15.000
18.000
5.000
10.000
10.000
5.000
10.000
10.000
5.000
35.000
6.000
Bangor & A roostook 5s
Boston & Albany 314s
B oston & Low ell 4s
Boston & M aine 4s
Boston & M aine 4 }4 s
B ., Revere B . & Lyn n 414s
C ., B . & Q. 314s
C ., B . & Q. 4s
Cleve. & Pittsburgh 314s
Connecticut R iver 314s
Fitchburg 3 !4 s
Fitchburg 4s
Fitchburg 4 14s
Illinois Central 3s
Illinois Central 314s
Illinois Central 4s
M il., L. S. & W . 5s
N . Y . C . & H . R . 3)4s
N . Y ., N . H . & H . 314s
N . Y „ N . H . & H . 4s
Old C olony 4s
D a te of E x a m in a t io n , F e b r u a r y 1 5 , 1 6 , 1 7 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A le g a l in v e s t m e n t w h e n m a d e .
$5,000 Sioux City & Pacific 314s
5,000 W ore., Nash. & R och . 4s
$241,000
Street Railway Bonds.
$30,000
15.000
10.000
15.000
5,000
B oston E levated 4s
Boston E levated 414s
Boston & N orthern 4s
W est End 4s
W orcester Con. 4)4s*
$75,000
Bank Stocks.
Shs.
40 First N l. B k ., Ayer
5 Com m ercial N l. B k., Boston
10 E liot Nl. B k., Boston
5 Peoples N l. B k ., Boston
28 N l. Shawmut B k ., Boston
15 State N l. B k., Boston
20 M erchants N l. B k., W orcester
[Pub. Doc.
REPORT OF THE
262
ORANGE SAVINGS BANK, ORANGE.
11 WEST M AIN STREET.
In co rp o ra te d M a rch 31, 1871.
A delbert W . B allou,
N u m b e r o f c o r p o r a to rs , 3 1 ; n u m b e r o f tru stees, 11.
President.
C l in t o n
Board of Trustees: G . W .
G eorge
C. C ook,
W. A
n drew s
,
Treasurer.
Clerk of the Corporation.
A n d r e w s , A . W . B a l l o u , T . W . B r id g e , E . M . B u e l l , C . C . C o o k , F . A .
D e x t e r , A . J . F i s h e r , C . E . G i b b s , J. D . H o w e , A . L . J o h n s o n , F . D . K e l l o g g .
Board of Investment: A . W .
B a l l o u , E . M . B u e l l , A . J. F is h e r , J. D . H o w e .
Auditing Committee:
K ellogg, A .
F.
D .
J.
F is h e r , C .
C.
C ook.
D e p o s it s d r a w in t e r e s t f r o m fir s t d a y o f F e b r u a r y , M a y , A u g u s t a n d N o v e m b e r ; d iv id e n d s a re p a y
a b le F e b r u a r y 1 a n d A u g u s t 1.
B u s in e s s h o u r s : 9 a . m . t o 3 p . m .
STATEMENT OF CONDITION, OCTOBER 31,
Assets.
Estim ated
M arket Value.
Par Value.
$ 2 2 5 ,5 0 0
4 9 0 ,0 0 0
5 1 .0 0 0
1 9 ,2 2 5
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
A m e r ic a n T e l. & T e l. C o . b o n d s
$ 2 2 3 ,8 2 3
4 5 1 ,3 8 0
4 9 ,6 7 5
3 1 ,3 3 0
9 ,6 0 0
3 5 ,8 0 0
00
00
00
00
10.000 00
4 0 ,0 0 0 0 0
$ 8 3 5 ,7 2 5 0 0
3 4 6 lo a n s o n r e a l e s t a t e (average of each, $3,876.88) .
L e s s a m o u n t d u e on, u n c o m p l e t e d lo a n s .
.
.
5 7 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
B a n k b u ild in g a n d fix t u r e s ( estimated value, $¡¡0,000;
R e a l e s t a t e b y f o r e c lo s u r e , e t c . ( assessed value, $100)
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
C a sh a n d ca sh ite m s
.
.
.
.
.
.
.
.
.
.
.
75
00
00
00
00
00
$ 8 0 1 ,6 0 8 7 5
.
.
.
1912.
.
.
.
00
25
50
00
10,000 00
3 6 ,0 6 2 5 0
$ 8 2 4 ,4 1 1 2 5
1 ,3 4 1 ,3 8 2 50
1 0 2 ,7 1 5 50
.
.
.
$ 2 2 5 ,2 2 5
4 8 4 ,4 9 6
4 9 ,9 1 2
1 8 ,7 1 5
$ 1 ,3 4 1 ,6 5 7 50
.
275 00
20,000 00
assessed value, $10,£00)
.
.
.
.
.
B ook Value.
108 0 5
2 4 ,6 1 7 91
3 ,4 6 5 65
.
.
. ,$2,316,700 86
Total Assets
Liabilities.
.
D u e d e p o s it o r s o n 6 ,0 3 7 a c c o u n t s , a v e r a g in g $ 3 5 4 .4 5 e a c h
$ 2 ,1 3 9 ,8 4 4 85
{Accounts opened during year, 54-6; closed, 44$', increase, 98)
S u r p lu s : —
a. G u a r a n t y f u n d ( 5.03% of deposits; increase during year, $6,400)
b. P r o f it a n d lo s s ( increase during year, $604-14)
C u rre n t in c o m e : —
a. I n t e r e s t .
.
.
.
.
.
.
$ 2 2 ,5 1 1 3 5
b. R e n t
.
.
.
.
.
.
.
381 60
$ 2 2 ,8 9 2 9 5
1 ,6 7 3 3 4
--------------------
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 0 7 ,7 0 0 0 0
4 7 ,9 3 6 4 0
Total Liabilities
.
2 1 ,2 1 9 61
. $2,316,700 86
BANK COMMISSIONER.
No. 8.]
263
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
Total.
A dvertising. Other Expenses.
K ent.
$ 3 9 .0 0
.0 2
A m o u n t p a id f o r
$ 3 ,4 0 3 .8 9
$ 4 ,0 8 9 .0 2
$ 6 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts
1 .4 7
1 .7 6
.2 6
C o s t p e r $ 1 ,0 0 0 o f a s s e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
$ 1 ,0 0 3 .2 9
.4 3
$ 9 ,1 3 5 .2 0
3 .9 4
2.21
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 0 4 ,6 3 8 .6 1 .
Rates on Investments and Loans (Average on All, 4.69% ).
Real estate loans (a v e r a g e r a t e , 4 .9 9 p e r c e n t .) : 4 J ^ % , $ 4 4 ,2 0 0 ; 4 % % , $ 4 0 ,0 0 0 ; 5 % , $ 1 ,2 3 3 ,5 9 9 .5 0 ; 5 J ^ % ,
$ 7 ,4 0 0 ; 6 % , $ 1 6 ,1 8 3 .
Personal loans (a v e r a g e r a t e , 5 .0 9 p e r c e n t .) : 4 J ^ % , $ 1 0 ,0 0 0 ; 4 % % , $ 1 0 ,0 0 0 ; 5 % , $ 5 8 ,9 9 7 .5 0 ; 5Jf>%,
$ 1 4 ,3 5 0 ; 6 % , $ 9 ,3 6 8 .
Bonds, stocks, etc., (a v e r a g e r a t e o n b o o k v a lu e s , 4 .1 5 p e r c e n t .) : 3 J ^ % , $ 2 2 9 ,0 0 0 ; 4 % , $ 4 3 1 ,3 0 0 ; 4 J ^ % ,
$ 8 2 ,0 0 0 ; 4 M % . $ 2 ,5 0 0 ; 5 % , $ 7 6 ,0 0 0 ; 7 % , $ 8 0 0 ; 8 % , $ 2 ,0 0 0 ; 1 0 % , $ 1 1 ,6 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 6 2 , a m o u n t in g t o $ 3 3 0 ,1 9 8 .
5 3 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 9 6 ,6 7 5 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : F e b ., 1 9 1 2 , 2 %
A u g ., 1 9 1 2 , 2
%
N u m b e r o f d e p o s it s d u r in g y e a r , 4 ,4 4 7 , a m o u n t in g t o
.
.
.
.
.
$ 4 0 ,3 3 7 16
.................................................... 4 1 ,3 1 5 6 3
.
.
.
.
.
2 9 0 ,5 6 7 19
$ 3 7 2 ,2 1 9 9 8
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 3 ,9 1 2 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
3 0 5 ,8 1 7 8 3
.
$ 6 6 ,4 0 2 15
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Boston 4s
5.000 Brockton 4s
42.000 Chicago, III., 4s
5.000 Kansas City, M o ., 4}^s
10.000 La Crosse, W is., 4s
10.000 Lynn 3p2S
1.000 Lawrence 4s
5.000 M alden 4s
5.000 N ew Britain, C t., 4s
5.000 N ewton 4s
10.000 Sioux City, l a ., 4}^s
10.000 Superior, W is., 4H>s
5.000 W aterville, M e., 4s*
5.000 W oonsocket, R . I ., 4s
7.000 Dedham 3}^s
1.000 Laconia, N . H ., 4s*
5.000 Lenox 4s
3.000 Plainfield, C t., 4s
10.000 Salem, N . H ., 4s
6.000 Southborough 4s
8.000 W estfield 3J^s
12.000 Shelburne Falls (F . D .) 4s
D ate
op
Public Funds, Notes.
$4,000
17,000
2,500
4.000
3.000
Orange 4s
Orange 4J^s
Orange 4 % s
Stoneham 4s
Warwick 5s
$225,500
Railroad Bonds.
$22,000 Bangor & Aroostook 5s
10.000 B oston & A lban y 4s
10.000 Boston & Low ell 4s
20.000 Boston & M aine 3}^s
15.000 Boston & M aine 4s
10.000 B oston & M aine 4J^s
10.000 Boston, U . B . & L . 4)^s
36.000 C., B . & Q. Zy2s
44.000 C., B . & Q. 4s
10.000 Connecticut R iver 4s
35.000 Delaware & H udson C o. 4s
43.000 Fitchburg 4s
5,000 Grafton & U pton 4s*
70.000 Illinois Central 3J^s
54.000 N . Y ., N . H . & H . 3 M S
E x a m i n a t i o n , A p r i l 17, 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* L e g a l in v e s t m e n t s w h e n m a d e .
$30,000
35.000
17.000
14.000
N . Y ., N . H . & H . 4s
N o. M aine Seaport 5s
Old Colony 4s
Washington Co. Z}4s
$490,000
Street Railway Bonds.
$6,000
20.000
15.000
5.000
5.000
A thol & Orange 5s*
Boston Elevated
Boston & Northern 4s
H olyoke 5s
M ystic Valley 5s
S5L000
Bank Stocks.
She.
6 M illers R iver N l. B k., Athol
20 First W ard N l. B k., Boston
15 Trem ont N l. Bk., Boston
8 W ebster & Atlas N l. B k., Boston
43 Franklin C o. T r. C o., Greenfield
100 Orange N l. Bk.
10 Third Nl. B k., Springfield
264
REPORT OF THE
[Pub. Doc.
PALMER SAVINGS BANK, PALMER.
435 M AIN STREET.
In c o r p o r a te d M a r c h 4, 1870.
H enry
G. L
o o m is ,
N u m b e r o f c o r p o r a t o r s , 5 2 ; n u m b e r o f t r u s t e e s , 17.
President.
C harles
C harles A. T abo r,
Board of Trustees:
L . W a id ,
Treasurer.
Clerk of the Corporation.
H . E . W . C l a r k , M . J. D il l o n , C . E . F u l l e r , J . O . H a m il t o n , E . E . H o b s o n ,
G . S. H
o l d e n , L . R . H o l d e n , C . A . L e g r o , H . G . L o o m is , G . D . M o o e r s , R . C . N e w e l l , L
P o t t e r , C . F . S m it h , W . E . S t o n e , C . A . T a b o r , E . B . T a y l o r , C . L . W a id .
Board of Investment: H . G .
Auditing Committee:
j ’
L o o m is , H . E . W . C l a r k , C . F . S m it h , W . E . S t o n e , E . E . H o b s o n .
W . E . Sto n e , E . B. T a y l o r , C . A . L e g r o .
D e p o s it s d r a w in t e r e s t fr o m first d a y o f J a n u a r y , A p r i l , J u ly a n d O c t o b e r ; d iv id e n d s a re p a y a b le
J a n u a r y 1 a n d J u ly , 1. B u s in e s s h o u r s : 9 a . m . t o 3 p . m . ; S a t u r d a y s , 9 a . m . t o 12 m . ; a ls o F r id a y s
7 .3 0 t o 9 p . m .
S T A T E M E N T OS'
C O N D IT IO N ,
OCTOBER
Assets.
31,
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a ilr o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e r ic a n T e l. & T e l . C o . b o n d s
$ 2 9 1 ,0 0 0
4 2 2 ,0 0 0
3 0 .0 0 0
1 3 ,1 0 0
4 0 .0 0 0
00
00
00
00
00
$ 7 9 6 ,1 0 0 0 0
6 3 3 lo a n s o n r e a l e s t a t e ( average of each, $2,846.32) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
.
.
.
.
.
.
.
1912.
Estim ated
M arket Value.
B ook Value.
$ 2 9 1 ,7 9 8
4 2 0 ,3 2 2
2 8 ,9 0 0
1 4 ,5 7 5
3 5 ,8 0 0
$ 2 9 1 ,0 0 0
4 1 8 ,3 7 5
2 9 ,2 7 5
1 3 ,1 0 0
3 6 ,4 2 5
75
50
00
00
00
$ 7 9 1 ,3 9 6 2 5
00
00
00
00
00
$ 7 8 8 ,1 7 5 0 0
$ 1 ,8 1 9 ,3 4 2 0 0
1 7 ,6 8 3 19
.
63
lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s ( estimated value, $55,300; assessed value, $46,280)
Susp ense a c c o u n t
.
.
.
.
.
.
.
.
.
.
.
I n s u r a n c e p r e p a id
.
.
.
.
.
.
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
.
.
C a s h a n d c a s h it e m s
.
.
.
.
.
.
.
.
1 ,8 0 1 ,6 5 8 81
1 5 9 ,2 7 9 0 0
5 2 ,5 0 0 0 0
.
.
.
.
10 00
400 00
1 1 6 ,7 3 7 0 4
7 ,2 8 0 18
Total A s s e t s .......................................... $2,926,040 03
Liabilities.
D u e d e p o s it o r s o n 6 ,6 8 4 a c c o u n t s , a v e r a g in g $ 4 1 1 .8 8 e a c h
.
.
.
.
.
$ 2 ,7 5 2 ,9 9 1 4 5
(Accounts opened during year, 1,584; closed, 799; increase, 735)
S u r p lu s : —
a. G u a r a n t y f u n d ( 4-89% of deposits; increase during year, $7,421.13)
b. P r o f it a n d lo s s ( decrease during year, $2,740.20) .
.
.
.
.
1 3 4 ,7 2 1 13
3 0 ,6 4 0 5 4
.
C u r r e n t in c o m e : —
a. I n t e r e s t ............................................................................................ $ 1 0 ,2 3 2 2 3
b. R e n t ..............................................................................
7 6 0 30
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
L ess S ta te ta x es n o t ch a rg ed o il
.
.
--------------------------$ 2 ,5 6 4 16
8 7 9 32
$ 1 0 ,9 9 2 -5 3
---------------------------
3 ,4 4 3 4 8
7 ,5 4 9 0 5
137 8 6
Susp ense a c c o u n t
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
. $2,926,040 03
No. 8.]
BANK COMMISSIONER,
265
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R ent.
A m o u n t p a id f o r
$ 3 ,6 0 7 .9 4
$ 5 ,5 7 1 .4 7
$ 6 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a ss e ts
1 .2 3
1 .9 0
.2 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Advertising. Other Expenses.
$ 1 9 9 .2 1
.0 7
.
.
$ 2 ,1 8 8 .9 0
.7 5
.
.
.
T otal.
$ 1 2 ,1 6 7 .5 2
4 .1 5
2 .7 2
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 3 1 ,7 7 4 .9 8 .
Rates on Investments and Loans (Average on All, 4.86% ).
Real estate loans (a v e r a g e r a t e , 5 .0 2 p e r c e n t .) : 5 % , $ 1 ,7 4 7 ,0 3 0 .8 1 ; 5 J ^ % , $ 2 4 ,5 3 0 ; 6 % , $ 2 9 ,8 9 8 ; 6 A % ,
$ 200.
Personal loans (a v e r a g e r a t e , 5 .1 6 p e r c e n t .) : 4 A % , $ 1 5 ,0 0 0 ; 5 % , $ 7 6 ,6 5 9 ; 5 A % , $ 6 7 ,5 2 0 ; 6 % , $ 1 0 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .4 4 p e r c e n t .) : '3 % , $ 3 5 ,0 0 0 ; 3 J ^ % , $ 2 5 ,0 0 0 ; 4%
$ 3 9 7 ,0 0 0 ; 4J4%, $ 2 7 ,0 0 0 ; 4 A % , $ 1 1 2 ,0 0 0 ; 5 % , $ 1 1 7 ,0 0 0 ; 6 % , $ 6 3 ,1 0 0 ; 7 % , $ 2 0 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 5 7 1 , a m o u n t in g t o $ 6 9 8 ,8 2 3 .
1 0 8 re a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 2 9 5 ,2 0 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 8 ,4 6 1 , a m o u n t in g t o
$ 4 9 ,5 2 3 10
5 1 ,2 4 0 0 7
5 3 4 ,0 3 7 7 4
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 4 ,0 9 9 , a m o u n t in g t o
$ 6 3 4 ,8 0 0 91
4 3 6 ,3 3 5 7 5
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
$ 1 9 8 ,4 6 5 16
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000
30.000
45.000
15.000
19.000
30.000
18.000
12.000
20.000
20.000
10.000
10.000
10.000
Boston 4s
Chelsea 4s
Chicago, 111., 4s
Dubuque, la ., 4s
Everett 4s
Kansas City, M o., 4}^ s
M ilwaukee, W is., 4s
M ilwaukee, W is., 4J^s
Quincy 4s
Springfield, M o., 5s
Springfield, 0 ., 5s
W aterbury, C t., 4s
M onson 4s
Public Funds, Notes.
21.000 Palmer 4)^s
6,000 Three Rivers (F. D .) 4J^s
$291,000
D ate
of
Railroad Bonds.
$25,000 Beech Creek 4s
15.000 B oston & M aine 4J^s
15.000 Cedar Rapids & M o . R . 7s
45.000 C ., B . & Q. 4s
15.000 Chic., M il. & St. Paul 5s
10.000 Chic., M il. & St. Paul 6s
5.000 Chic. & N orthwestern 7s
10.000 Chic., St. P ., M inn. & 0 . 6s
10.000 Concord & M ontreal 4s
10.000 Fitchburg 4)^s
35.000 Illinois Central 3s
25.000 Illinois Central 3J^s
50.000 Illinois Central 4s
25.000 M ich., Cen. D et. & B . C . 5s
15.000 M il., L . S. & W estern 5s
12.000 M ontana Central 5s
5.000 N . Y . Lackawanna & W . 6s
10.000 N . Y ., N . H . & H . 4s
10 000 N o. M aine Seaport 5s
25.000 Portland & Ogdens. 4)^s
E x a m i n a t i o n , J a n . 1 7 , 18, 19.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10.000
10.000
5.000
5.000
10.000
R om e, W atertown & Og. 5s
St. Paul, M in n. & M an. 6s
St. Paul & Sioux C ity 6s
St. Paul & N orthern P ac. 6s
Upper Coos 4s
Verm ont Valley 4)^s
$422,000
Street Railway Bonds.
$10,000 Boston Elevated 4J^s
10.000 Boston & Northern 4s
10.000 W est E nd 4s
$30,000
Bank Stocks.
Shs.
33 M onson N l. B k .
98 Palmer N l. Bk.
266
REPORT OF THE
[Pub. Doc.
PENTUCKET SAVINGS BANK, HAVERHILL.
42 W ASHINGTON STREET.
I n c o r p o r a t e d M a r c h 17, 1 8 9 1 .
G eorge
H. C
arleton
,
N u m b e r o f c o r p o r a t o r s , 2 5 ; n u m b e r o f t r u s t e e s , 14.
President.
H enry
H. Ivan H
Board of Trustees:
all
,
B. G
eorge
,
Treasurer.
Clerk of the Corporation.
A u g u s t in B o u r n e u f , G . F . C a r l e t o n , G . H . C a r l e t o n , W . G . C o g s w e l l , J . W .
H a r r is , C . H . H a y e s , D . C . H u n t , N . C . J o h n s o n , A . S . L a d d , T h o m a s L a h e y , F . W . P e a b o d y ,
J . H . S a y w a r d , I. F . S l e e p e r , J. W . Y it t u m .
Board of Investment: G . H .
Auditing Committee: I . F .
C a r l e t o n , G . F . C a r l e t o n , D . C . H u n t , T h o m a s L a h e y , J. W . V i t t u m .
S l e e p e r , D . C . H u n t , W . G . C o g s w e l l .*
D e p o s it s d r a w in t e r e s t f r o m fir s t d a y o f F e b r u a r y , M a y , A u g u s t a n d N o v e m b e r ; d iv id e n d s a r e p a y
a b le t h e fir s t W e d n e s d a y o f F e b r u a r y a n d A u g u s t .
B u s in e s s h o u r s : 9 a . m . t o 2 p . m . ; S a t u r d a y s ,
9 a . m . t o 1 2 .3 0 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
A m e r ic a n T e l. & T e l. C o . b o n d s
$ 5 1 ,3 0 0 0 0
2 2 4 ,0 0 0 0 0
3 5 .0 0 0 0 0
$ 5 0 ,8 6 6
1 9 7 ,8 6 5
3 3 ,7 0 0
2 1 ,3 2 8
9 ,6 0 0
3 1 ,3 2 5
10.000 00
10,000 00
3 5 ,0 0 0 0 0
$ 3 6 5 ,3 0 0 0 0
3 5 0 lo a n s o n r e a l e s t a t e ( average of each, $3,879.52) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
.
.
.
.
.
$ 3 4 4 ,6 8 4 0 0
.
.
00
00
00
00
00
00
B ook Value.
$ 5 1 ,3 0 0 0 0
2 1 7 ,6 2 5 0 4
3 4 ,3 5 0 0 0
10,000 00
10,000 00
3 1 ,2 1 2 5 0
$ 3 5 4 ,4 8 7 5 4
$ 1 ,1 4 8 ,4 8 5 18
653 49
.
2 5 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s .( estimated value, $25,000; assessed value,
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
C ash .
.
.
.
.
.
.
.
.
.
.
.
1 ,1 4 7 ,8 3 1
2 3 3 ,0 2 5
2 5 ,0 0 0
3 5 ,5 2 0
1 ,8 7 6
.
$80,050)
.
.
69
00
00
26
35
Total A s s e t s .......................................... $1,797,740 84
Liabilities.
D u e d e p o s it o r s o n 4 ,2 1 2 a c c o u n t s , a v e r a g in g $ 4 0 8 e a c h
.
.
.
.
.
.
$ 1 ,7 1 8 ,5 1 0 2 8
(Accounts opened during year, 710; closed, 539; increase, 171)
S u r p lu s : —
a. G u a r a n t y f u n d {2.66% of deposits; increase during year, $4,171.97) .
.
.
b. P r o f it a n d lo s s (increase during year, $773.66)
.
.
.
.
.
.
C u rren t in c o m e : —
In terest
.
.
.
.
.
.
.
.
.
.
$ 3 ,9 8 9 ,8 3
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
.
.
.
.
.
1 ,4 2 8 51
---------------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
* E le cte d J a n u a ry 13, 1913.
.
.
.
.
4 5 ,8 4 6 3 0
3 0 ,8 2 2 9 4
2 ,5 6 1 3 2
$1,797,740 84
No. 8.]
BANK COMMISSIONER.
267
Total Expenses for the Year, including State Taxes.
State T a x (N e t).
Salaries.
R en t.
A m o u n t p a id f o r
$ 2 ,4 4 0 .9 7
$ 3 ,8 3 0 .8 8
$ 1 ,0 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a ssets
1 .3 6
2 .1 3
.5 6
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t
.
Advertising.
Other Expenses.
$ 6 8 .8 0
.0 4
.
.
$ 1 ,2 1 4 .8 7
.6 8
.
.
Total.
$ 8 ,5 5 5 .5 2
4 .7 7
2 .8 5
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 8 0 ,8 1 9 .1 1 .
Rates on Investments and Loans (Average on All, 4.86% ).
Real estate loans (a v e r a g e r a t e , 5 .1 4 p e r c e n t .) : 4 J ^ % , $ 2 3 ,0 0 0 ; i % % , $ 2 0 ,5 0 0 ; 5 % , $ 9 0 3 ,8 7 6 .6 9 ; 5 J ^ % ,
$ 3 6 ,2 5 0 ; 6 % , $ 1 6 4 ,2 0 5 .
Personal loans (a v e r a g e r a t e , 4 .7 9 p e r c e n t .) : 4 % % , $ 4 5 ,0 0 0 ; 4 }4%> $ 9 2 ,0 0 0 ; 4 % % , $ 1 1 ,0 0 0 ; 5 % , $ 5 6 ,5 0 0 ;
6 % , $ 2 8 ,5 2 5 .
Bonds , stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .0 2 p e r c e n t .) : 3 % , $ 1 0 ,0 0 0 ; 3 J ^ % , $ 1 4 5 ,0 0 0 ; 4 % ,
$ 1 7 9 ,3 0 0 ; 4 ) ^ % , $ 1 6 ,0 0 0 ; 5 % , $ 5 ,0 0 0 ; 7 % , $ 4 ,2 0 0 ; 8 % , $ 5 ,8 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 2 2 4 , a m o u n t in g t o $ 3 0 6 ,5 9 0 .
59 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 1 5 5 ,3 2 6 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : F e b ., 1 9 1 2 , 2 %
A u g ., 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 5 ,4 6 6 , a m o u n t in g t o
$ 3 0 ,8 4 7 5 5
3 1 ,9 5 2 0 3
3 8 7 ,5 3 9 8 5
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 3 ,9 7 7 . a m o u n t in g t o
$ 4 5 0 ,3 3 9 4 3
3 3 2 ,7 1 1 61
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
$ 1 1 7 ,6 2 7 8 2
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000
5.000
5,400
2.000
8.000
3.000
3.000
3.000
Ham pden Co. 4s
Boston 4s
Dubuque, la ., 4s
G rand Rapids, M ich., 4)4>s
Lawrence 4s
Saginaw, M ich., 4s*
Stoughton 4s
Wellesley 4s
Public Funds, Notes.
9.000 N orw ood 4s
2.000 Revere 4s
$51,300
D ate
op
Railroad Bonds.
$4,500
5.000
3.000
4.000
5.000
10.000
4.000
22.000
38.000
5.000
5.000
5.000
10.000
33,500
2.000
40.000
6.000
10.000
3.000
Baltim ore & Ohio 3)^s
Boston & Albany 3)^s
Boston & Albany 4s
Boston & Lowell 4s
Boston & M aine 3)^s
Boston & M aine 4s
Boston & M aine 4 K s
C., B . & Q. 31/2S
C., B . & Q. 4s
Erie & Pittsburgh 3 }^ s
Fitchburg 3)^s
Fitchburg 4s
Illinois Central 3s
Illinois Central
Illinois Central 4s
N . Y „ N . H . & H . 3 %s
N . Y „ N . H . & H . 4s
Sioux C ity & Pacific 3%s
Upper Coos 4s
E x a m i n a t i o n , A p ril 2 9 . 3 0 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A. le g a l i n v e s t m e n t w h e n m a d e .
$5,000 Fiashington C o . 3J^s
4,000 W ore., N ash. & R . 4s
$224,000
Street Railway Bonds.
$10,000
5.000
10,000
5.000
5.000
Boston Elevated 4s
Boston Elevated 4J^s
Boston & N orthern 4s
Lynn & B oston 5s
W est End
$35,000
Bank Stocks.
Shs.
52 N l. Shawmut B k ., Boston
35 Fourth-Atlantic N l. B k ., Boston
7 State N l. B k ., B oston
6 First N l. B k ., H averhill
268
REPORT OF THE
[Pub. Doc.
PEOPLE’S SAVINGS BANK, BROCKTON.*
221 M AIN STREET.
I n c o r p o r a te d F e b ru a r y 8, 1895.
W il l ia m
L. D
N u m b e r o f co r p o r a to rs , 5 2 ; n u m b e r o f tru stees, 22.
President.
ou glas,
C hables
A bthub
Board of Trustees: G . W .
T.
S. L
udden
,
Treasurer.
Clerk of the Corporation.
M ooney,
A l d e n , L . E . C h a m b e e l a in , W . L . D o u g l a s , J. H . F ie l d , R . C . F b a s e b ,
F . B . G a b d n e b , H . S . H e w e t t , E . B . K e it h , J. S . K e n t , H . L . K in g m a n , E . M . L o w , C . S . L u d d e n ,
K enneth
M a n l e y , J. P . M o b s e , A . T . M o o n e y , F . E . P a c k a b d , W il l ia m
M cL e o d , A l b e b t
R a p p , W . A . R e e d , F . P . R ic h m o n d , B e b n a e d S a x t o n , L o n W e s t o n .
Board of Investment: W . L .
Auditing Committee:
D o u g l a s , F . B . G a b d n e b , E . M . L o w , F . E . P a c k a b d , F . P . R ic h m o n d
F . B . G a b d n e b , E . B . K e it h , H . L . K in g m a n .
D e p o s it s d r a w in t e r e s t f r o m t h e fir s t d a y o f M a r c h , J u n e , S e p t e m b e r a n d D e c e m b e r ; d i v id e n d s a re
p a y a b le t h e F r i d a y fo ll o w i n g fir s t T u e s d a y o f M a r c h a n d S e p t e m b e r .
B u s in e s s h o u r s : 9 a .m .
t o 2 p .m . ; S a t u r d a y s , 9 a .m . t o 12 m . , a ls o S a t u r d a y e v e n in g s f r o m S e p t e m b e r 15 t o J u n e 15 fr o m
7 t o 8 .3 0 p .m . f o r d e p o s it s o n l y .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
A m e r ic a n T e l . & T e l . C o . b o n d s
S e c u r it ie s a c q u ir e d i n s e t t le m e n t o f in d e b t e d n e s s
$ 3 1 7 ,8 2 5
8 2 0 ,0 0 0
2 2 9 ,0 0 0
8 5 .0 0 0
2 9 .0 0 0
00
00
00
00
00
$ 3 1 2 ,7 3 5
7 4 2 ,4 0 2
2 1 7 ,7 7 2
7 6 ,0 7 5
6,220 00
$ 1 ,4 8 0 ,8 2 5 0 0
5 2 9 lo a n s o n r e a l e s t a t e (average o f each, $4>4?6-78) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
.
.
.
.
.
$ 1 ,3 5 5 ,2 0 5 13
.
.
$ 3 1 6 ,2 6 1
7 8 6 ,4 7 4
2 2 0 ,9 3 8
7 6 ,2 9 6
1 2 ,6 5 9
63
18
25
25
48
$ 1 ,4 1 2 ,6 2 9 79
$ 2 ,3 9 5 ,0 1 8 91
2 6 ,8 0 0 0 0
.
61 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $80,000; assessed value,
R e a l e s t a t e b y f o r e c lo s u r e , e t c . (assessed value, $17,000)
.
.
.
T a x e s , in s u r a n c e , e t c ., p a i d o n m o r t g a g e d p r o p e r t ie s
.
.
.
P r e m iu m a c c o u n t
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
C a s h a n d c a s h it e m s
.
.
.
.
.
.
.
.
.
13
50
50
00
B ook Value.
2 ,3 6 8 ,2 1 8
1 5 2 ,2 3 6
8 0 ,0 0 0
1 1 ,9 1 2
266
185
1 7 ,5 3 7
1 0 ,8 7 2
.
$55,800)
.
.
.
.
Total Assets
91
00
00
54
94
76
20
39
$4,053,359 53
Liabilities.
D u e d e p o s it o r s o n 1 6 ,9 5 6 a c c o u n t s , a v e r a g in g $ 2 3 2 .4 5 e a c h
.
$ 3 ,9 4 1 ,3 8 7 8 3
{Accounts opened during year, 3,574; closed, 2,779; increase, 795)
S u r p lu s : —
G u a r a n t y fu n d {2.44% ° f deposits; increase
C u r r e n t in c o m e : —
In te re st
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
S c h o o l s a v in g s
.
.
.
.
.
.
during year, $23,778.75)
.
.
.
.
.
.
$ 9 ,4 0 1 31
1 ,4 9 2 12
.
.
.
9 6 ,3 6 2 6 8
.
7 ,9 0 9 19
8 ,1 9 9 83
Total L ia b ilit ie s ...........................................$4,053,859 53
* S ee p a g e 3 9 4 f o r s t a t e m e n t o f L ife I n s u r a n c e D e p a r t m e n t .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONER.
No. 8.]
269
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R en t.
Advertising.
Other Expenses.
$ 5 8 8 .2 5
.1 4
A m o u n t p a id fo r
$ 5 ,7 4 7 .9 8
$ 7 ,8 6 2 .4 3
C o s t p e r $ 1 ,0 0 0 o f a sse ts
1 .4 2
1 .9 4
C o s t p e r $ 1 ,0 0 0 o f a s s e ts n o t i n c lu d in g S t a t e t a x a n d r e n t
.
$ 4 ,0 0 0 .0 2
.9 9
Total.
$ 1 8 ,1 9 8 .6 8
4 .4 9
3 .0 7
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 7 3 ,5 8 6 .3 7 .
Rates on Investments and Loans (Average on All, 4.70%).
Real estate loans (a v e r a g e r a t e , 5 p e r c e n t .) : 4 J ^ % , $ 4 0 7 ,2 5 0 ; 4 % % , $ 1 ,4 0 0 ; 5 % , $ 1 ,6 4 0 ,4 3 6 ; 5 J ^ % ,
$ 2 0 2 ,0 9 2 .9 1 ; 6 % , $ 1 1 7 ,0 4 0 .
Personal loans (a v e r a g e r a t e , 5 .1 3 p e r ce n t..): 4 V | % , $ 5 0 ,0 0 0 ; 5 % , $ 3 4 ,2 5 0 ; 5% % , $ 1 5 ,0 0 0 ; 5 J ^ % , $ 2 2 ,4 4 8 ;
6 % , $ 3 0 ,5 3 8 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .1 4 p e r c e n t .) : 3 J ^ % , $ 4 3 3 ,5 0 0 ; 3 M % > $ 1 0 ,0 0 0 ; 4 % ,
$ 8 9 9 ,3 2 5 ; 4 M % . $ 9 ,0 0 0 ; 4 ^ % , $ 5 4 ,0 0 0 ; 5 % , $ 4 6 ,0 0 0 ; 6 % , $ 8 ,0 0 0 ; 6 ^ % , $ 2 1 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 9 8 , a m o u n t in g t o $ 6 3 0 ,0 5 6 .9 1 .
9 6 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 4 5 6 ,4 5 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : M a r c h , 1 9 1 2 , 2 %
S e p t .,
1912, 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 3 4 ,7 7 8 , a m o u n t in g t o
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 3 ,8 8 3 , a m o u n t in g t o
$ 6 5 ,2 9 9 31
6 9 ,2 2 3 2 2
1 ,5 4 6 ,3 1 5 7 4
.
.
.
.
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
$ 1 ,6 8 0 ,8 3 8 2 7
1 ,2 4 0 ,6 5 6 2 4
$ 4 4 0 ,1 8 2 0 3
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3J^s
61.000 Brockton 3)^s
20.000 Brockton 4s
2.000 Indianapolis, Ind., 4s
15.000 Los Angeles, Cal., 4J^s
3,600 Low ell 4s
5.000 Lynn 4s
4.000 M arlborough 4s
9.000 New Britain, C onn., 4J^s
10.000 Oshkosh, W is., 4s
1.000 Q uincy 4)/£s
5.000 Sioux C ity, l a ., 4}^s
15.000 Somerville 3J^s
9.000 Andover 4s
3.000 A thol 4s
2.000 H yde Park 4s
8.000 M ansfield 4s
4.000 M edw ay 4s
3.000 M ethuen 4s
4,900 Plainville 4s
1.000 Revere 3}^s
9.000 Saugus 4s
1.000 Stoughton 4s
2.000 Swam pscott 4s
D ate
of
$2,000 W atertown 4s
63,825 W est Bridgewater 4s
10.000 Kennebec, M e. (W .D .), 3}^s
Public Funds, Notes.
10.000
2.000
1.000
1,500
10.000
10.000
Fitchburg 4s
H ull 4 s )
N antucket 4s
Revere 3J^s
Revere 4s
Rockland 3%s
Fitchburg 3J^s
Fitchburg 4s
Illinois Central 3J^s
M an., Gr. B . & N . W . 3 ^ s
N . Y ., N . H . & H . 3 ^ s
N . Y ., N . H . & H . 4s
N o . M aine Seaport 5s
Peoria & N . W . 3 ^ s
Providence Term inal 4s
Washington C o. 3J^s
$820,000
$317,825
Street Railway Bonds.
Railroad Bonds.
$10,000
50.000
5.000
205,000
25.000
74.000
22.000
15.000
5.000
Atch., T op . & Santa F 6 4s
Baltim ore & Ohio 3}^s
Boston & Low ell 4s
Boston & M aine 4s
Boston & M aine 4}^s
C., B . & Q. 4s
Chic. & N o. W estern 4s
Connecticut R iv e r 4s
Dexter & Piscataquis 4s
E x a m i n a t i o n , D e c e m b e r 9 , 10, 1 1 , 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
47.000
30.000
5.000
216,000
45.000
25.000
19.000
7.000
10.000
$45,000
5.000
75.000
10.000
5.000
6.000
80.000
3.000
$229,000
Boston Elevated 4s
Boston E levated 4}^s
B oston & N orthern 4s
Boston & R evere 5s
G eorgetown, R ow . & Ips. 5s
W akefield & Stoneham 5s
W est E nd 4s
W est End i]4s
REPORT OF THE
270
[Pub. Doc.
PEOPLES SAVINGS BANK, HOLYOKE.
365 HIGH STREET.
I n c o r p o r a t e d M a r c h 19, 1 8 8 5 .
John
E.
C lark,
N u m b e r o f c o r p o r a t o r s , 5 0 ; n u m b e r o f t r u s t e e s , 17,
President.
F . H . C h a m b e r l in ,
John
Board of Trustees:
H il d r e t h ,
Treasurer.
Clerk o f the Corporation.
G . P . B . A l d e r m a n , O . D . A l l y n , T . S . C h il d s , J . E . C l a r k , H . M . C o o l e d g e ,
A . D . D u r o c h e r , H . J . F r in k , L . M . G a y l o r d , L . G . H e in r it z , J o h n H il d r e t h , J . C . H u b b a r d ,
J . N . H u b b a r d , J . K . J u d d , W il l ia m M c C o r k in d a l e , R . T . O a k e s , J . A . S u l l iv a n , C . H . T a b e r .
Board of Investment: J .
Auditing Committee:
E . C l a r k , G . P . B . A l d e r m a n , J. N . H u b b a r d , J. A . S u l l iv a n , R . T . O a k e s .
J. N . H u b bard , J. C. H u b bard , O. D . A lly n .
D e p o s it s d r a w in t e r e s t f r o m fir s t d a y o f F e b r u a r y , M a y , A u g u s t a n d N o v e m b e r ; d iv id e n d s a r e p a y
a b le t h e t h ir d T u e s d a y o f M a y a n d N o v e m b e r .
B u s in e s s h o u r s : 9 a . m . t o 4 p . m . ; S a t u r d a y s ,
9 a .m . t o 12 m .; a ls o T h u r s d a y s , 7 t o 8 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
.
.
R a ilr o a d b o n d s a n d n o t e s
.
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
.
.
.
.
B o s t o n T e r m in a l C o . b o n d s .
A m e r ic a n T e l . & T e l. C o . b o n d s
.
.
.
.
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
.
$ 2 5 ,0 0 0
4 5 0 .0 0 0
1 2 2 .0 0 0
5 3 ,9 0 0
7 5 .0 0 0
7 5 .0 0 0
1 8 .0 0 0
00
00
00
00
00
00
00
$ 8 1 8 ,9 0 0 0 0
4 1 2 lo a n s o n r e a l e s t a t e ( average o f each, $5,803.51)
4 4 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
C a s h a n d c a s h it e m s , .
.
.
.
.
.
.
Total Assets
Estim ated
M arket Value
$ 2 5 ,3 0 8
4 1 9 ,3 5 0
1 1 5 ,3 6 7
7 7 ,9 3 5
7 2 ,0 0 0
6 7 ,1 2 5
5 ,7 0 0
10
00
50
00
00
00
00
$ 7 8 2 ,7 8 5 6 0
B ook Value.
$ 2 5 ,0 0 0
4 4 4 ,9 3 1
1 1 8 ,0 5 2
7 3 ,1 0 7
7 5 ,0 0 0
6 7 ,5 2 9
5 ,7 0 0
00
25
75
00
00
00
00
$ 8 0 9 ,3 2 0 0 0
$ 2 ,3 9 1 ,0 4 5
3 3 7 ,2 3 0
1 8 0 ,5 1 6
8 ,4 2 8
21
00
77
29
$3,726,540 27
Liabilities.
D u e d e p o s it o r s o n 8 ,1 7 7 a c c o u n t s , a v e r a g in g $ 4 2 9 .2 6 e a c h
. $ 3 ,5 1 0 ,0 5 9 98
(Accounts opened during year, 1,613; closed, 1,301; increase, 812)
S u r p lu s : —
а. G u a r a n t y f u n d
б. P r o f it a n d lo s s
(2.56% o f deposits; increase during year, $10,000 )
(increase during year, $81,954-26) .
.
.
.
9 0 ,0 0 0 0 0
1 2 6 ,4 8 0 2 9 *
Total L ia b i lit i e s .......................................... $3,726,540 27
* N o v e m b e r , 1 9 1 2 , d i v i d e n d , a m o u n t in g t o $ 6 5 ,3 7 6 .3 5 , is i n c lu d e d in th is a m o u n t .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No.
BANK COMMISSIONER.
271
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
54,616.54 57,658.27
$1,333.32
Cost per $1,000 of Assets
1.24
2 .0 5
.36
Cost per $1,000 of assets not including State tax and rent .
Advertising. Other Expenses.
Total.
$197.20
$2,342.29
$16,147.62
.05
.63
4.33
2.73
Gross income received during the year, $164,548.32.
Kates on Investments and Loans (Average on All, 4.73% ).
Real estate loans (average rate, 4.91 per cent.): 4J^%, $411,863.80; 5%, $1,979,181.41.
Personal loans (average rate, 5.09 per cent.): 5%, $277,250; 5J^%, $57,500; 6%, $2,480.
B on d s, stocks, etc. (average rate on book values, 4.05 per cent.): 3)4% . $180,000; 4%, $563,000;
5% ,
$21,500; 6%, $2,100; 7%, $21,300; 8%, $16,000.
Number of loans not over $3,000 each, 276, amounting to $466,251.10.
31 real estate loans made during year, amounting to $377,600.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1911, 2%
M ay, 1912, 2%
Number of deposits during year, 14,387, amounting to
Number of withdrawals during year, 7,888, amounting to
$60,226 35
62,916 17
877,186 28
.
.
.
Net increase in amount due depositors
.
.
$1,000,328 80
736,820 14
$264,008 66
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Holyoke 4s
$50,000 N. Y., N. H.&H.4S
45,000 Old Colony 4s
$450,000
Railroad Bonds.
$50,000 Boston & Albany 4s
100,000 Boston & Maine 4s
50.000 Delaware & Hudson Co. 4s
25.000 Fitchburg 3Ks
50.000 Fitchburg 4s
80.000 N. Y „ N. H. & H. 3^s
Street Railway Bonds.
$15,000 Boston Elevated 4s
50.000 Boston & Northern 4s
7,000 Holyoke 5s
50.000 West End 4s
$ 122,000
D a t e of E x a m in a t io n , October 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank Stocks.
Shs.
20 Hadley Falls Nl. Bk„ Holyoke
110 Holyoke Nl. Bk.
193 Home Nl. Bk. Holyoke
21 Monson Nl. Bk.
145 Chapin Nl. Bk., Springfield
50 Chicopee Nl. Bk., Springfield
272
[Pub. Doc,
REPO RT OF THE
PEOPLE’S SAVINGS BANK, WORCESTER.
450 M AIN STREET.
Incorporated M a y 13, 1864.
Number of corporators, 128; number of trustees, 25.
S a m u e l R . H e y w o o d , President.
C h a r l e s M . B e n t , Treasurer.
F r e d e r ic k J. B a r n a r d , Clerk o f the Corporation.
Board o f Trustees: G . I. A l d e n , A . H . B u l l o c k , G e o r g e C r o m p t o n , F . H . D a n ie l s , A l e x a n d e r
D e W i t t , R. B . D o d g e , W . T . F o r b e s , G . A . G a s k il l , A . W . G if f o r d , H . W . G o d d a r d , J. P .
H a m il t o n , H . F. H a r r is , S. R . H e y w o o d , C. H . H u t c h in s , W . H . I n m a n , W . W . J o h n s o n ,
B. W . K i n s l e y , J. C. M a c I n n e s , C. F. M a r b l e , H. A. M a r s h , P. B. M o r g a n , G. A. S m it h ,
C. M . T h a y e r , M . J. W h it t a l l , H o r a c e W y m a n .
Board o f Investm ent: S. R . H e y w o o d , H . F . H a r r is , A l e x a n d e r D e W i t t ,
P. B . M
organ,
W. W.
J o h n so n .
A uditing Comm ittee:
E. W . K i n s l e y , G. A. S m it h , A. H. B u l l o c k .
Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay
able the second'day of February and August. Business hours: 9 a .m . to 3 P.M.; Saturdays, 9 a .m .
to 1 p . m ., and 6 to 8 p . m . for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
$2,106,465
3,087,800
435.000
79,965
125.000
117,620
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
00
00
00
00
00
84
$5,951,850 84
1,716 loans on real estate (average o f each, $ 3 ,9 2 6 .0 9 )
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
$2,067,299
2,924,361
420,747
176,274
111,875
113,814
05
50
50
00
00
59
$5,814,371 64
$6,743,125 91
5,953 00
109 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 2 0 0 ,0 0 0 ; assessed value, $ 1 8 6 ,4 0 0 )
Real estate b y foreclosure, etc. (assessed value, $46,04-1) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Book Value.
$2,108,578
3,065,267
429,551
109,372
115,015
117,620
75
00
25
23
62
84
$5,945,405 69
6,737,172
2,225,495
190,000
24,344
184
204,122
9,032
91
00
00
97
23
29
47
$15,335,757 56
T otal Assets
Liabilities.
. $14,468,330 71
Due depositors on 30,158 accounts, averaging $479.75 each
{Accounts opened during year, 5 ,1 0 8 ; closed, 3 ,5 1 8 ; increase, 1,5 9 0 )
Surplus: —
a. Guaranty fund ( 5 % o f deposits; increase during year, $ 3 6 ,0 0 0 )
b. Profit and loss {increase during year, $ 1 0 ,9 1 2 .2 4 ) •
Current incom e: — 1
a. Interest .
.
.
.
.
.
.
$123,940 74
b. R e n t ................................................................
1,728 29
Less current expenses not charged off
Suspense account
.
.
.
724,000 00
29,067 14
$125,669 03
11,330 87
-------------------
.
Total Liabilities
114,338 16
21 55
$15,335,757 56
Total Expenses for the Year, including State Taxes.
State ,Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$31,467.50
$22,239.70 $4,041.67 $2,657.80
$9,008.17
$69,414.84
Cost per $1,000 of assets
2 .0 5
1 .4 5
.26
.17
*
.59
4 .52
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.21
Gross income received during the year, $651,961.75.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
BANK COMMISSIONER.
273
Rates on Investments and Loans (Average on All, 4.53% ).
(average rate, 4.95 per cent.): 4%, $46,000; 4M % . $704,500; 4 % % , $10,000; 5% ,
$5,926,372.91; 6%, $50,300.
Personal loans (average rate, 4.57 per cent.): 4M % . $334,000; 4 % % , $338,000; 4)4% , $1,103,500; 4M%.
$60,000; 4M % , $99,320; 5%, $84,525; 5M %, $206,150.
B on d s , stocks, etc. (average rate on book values, 4.05 per cent.): 3%, $25,000; 3M % , $1,584,500; 3<M%,
$104,225; 4%, $3,301,740; 4M % , $75,000; 4M%, $10,000; 4M % , $416,000; 5%, $290,620.84; 6%,
$67,300; 7%, $5,500; 10%, $40,000; 11%, $28,500.
Real estate loans
Number of loans not over $3,000 each, 1,077, amounting to $1,799,297.84.
221 real estate loans made during year, amounting to $1,432,730.67.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1912, 2%
Aug., 1912, 2%
Number of deposits during year, 41,515, amounting to
$263,294 60
271,462 06
2,537,197 77
Number of withdrawals during year, 26,753, amounting to
.
Net increase in amount due depositors
$3,071,954 43
2,260,358 93
$811,595 50
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3s
100.000 Massachusetts 3Ms
50.000 Essex Co. 4s
25.000 Augusta, Me., 4s
145.000 Boston 3Ms
162.000 Boston 4s
5.000 Bridgeport, Ct., 4s
25.000 Brockton 4s
25.000 Cambridge 3Ms
20.000 Cambridge 4s
25.000 Chelsea 4s
20.000 Everett 4s
10.000 Fall River 4s
20.000 Fitchburg 3Ms
8.000 Gloucester 4s
4.000 Haverhill 4s
5.000 Holyoke 4s
10.000 Keene, N. H., 4s
20.000 Lawrence 4s
50.000 Los Angeles, Cal., 4Ms
22,340 Lowell 4s
30.000 Meriden, Ct., 3Ms
50.000 Minneapolis, Minn., 4Ms
9.000 Nashua, N. H., 4s
105.000 New Bedford 4s
15.000 Newburyport 3Ms
25.000 Pittsburgh, Pa., 4Ms
30.000 Pittsfield 4s
100.000 Providence, R. I., 4s
4.000 Quincy 4s
53.000 Somerville 3Ms
20.000 Seattle, Wash., 4Ms
50.000 Syracuse, N. Y., 4J^s
39.000 Taunton 3Ms
15.000 Taunton 4s
60.000 Troy, N. Y., 4s
228.000 Worcester 3Ms
231.000 Worcester 4s
20.000 Dalton 4s
10.000 Danvers 4s
15.000 Milton 3Ms
25.000 Norwich, Ct., 3Ms
12.000 Revere 3Ms
20,600 Wakefield 4s
22.000 Watertown 4s
13.000 Winchester 3Ms
Public Funds, Notes.
$1,400 Auburn 4s
2,500 Boylston 3Ms
15,500 Boylston 3%s
16.000 Charlton 3% s
10.000 Norwood 4Ms
12.000 Northbridge 3% s
4.000 Oxford 3Ms
58,725 Oxford 3Ms
2.000 Phillipston 3Ms
2.000 Rutland 4s
5.000 Uxbridge 4s
$2,106,465
$3,087,800
Railroad Bonds.
$25,000 Bangor & Aroostook 5s
50.000 Boston & Albany 3J^s
250.000 Boston & Albany 4s
27.000 Boston & Lowell 3Ms
33.000 Boston & Lowell 4s
129.000 Boston & Maine 3Ms
66.000 Boston & Maine 4s
90.000 Boston & Maine 4Ms
36.000 Boston & Providence 4s
39,800 Burlington & Mo. R. 6s
60.000 C., B. & Q. 3Ms
188.000 C., B. & Q. 4s
45.000 Chicago & Northw. 4s
25.000 Chic., R. I. & Pac. 4s
50.000 Cleveland & Pittsburg 3Ms
74.000 Concord & Montreal 4s
21.000 Connecticut River 3Ms
75.000 Delaware & Hudson 4s
14.000 Dakota & Gt. Southern 5s
75.000 Erie & Pittsburgh 3Ms
39.000 Fitchburg 3Ms
119.000 Fitchburg 4s
200.000 Illinois Central 3Ms
40.000 Illinois Central 4s
25.000 Louisville & Nashville 4s
29.000 L. & N. & M. & Mont. 4Ms
D a t e of E x a m in a t io n , September 3, 4, 5, 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$32,000 Me. Cent. & E..& N. A. 4s
50.000 Michigan Cent. 3Ms
50.000 Milwaukee, L. S. & W. 5s
109.000 New England 4s
50.000 N. Y. C. & H. R. 3Ms
25.000 N. Y., Lack. & West. 6s
111.000 N. Y., N. H. & H. 3Ms
325.000 N. Y., N. H. & H. 4s
55.000 Norwich & Worcester 4s
119.000 Old Colony 4s
50.000 Portland & R. Falls 4s
84.000 Rome, Water. & Ogden. 5s
50.000 St. P., Minn. & Man. 4s
25.000 Sullivan County 4s
28.000 Western Pennsylvania 4s
100.000 Wore., Nash. & R. 4s
* A legal investment when made.
Street Railway Bonds.
$91,000 Boston Elevated 4s
142,000 Boston Elevated 4Ms
50.000 Boston & Northern 4s
24.000 East Middlesex 4s
5.000 Fitch. & Leominster 4Ms
93.000 West End 4s
5.000 West End 4Ms
25.000 Worcester Cons. 4Ms*
$435,000
Bank Stocks.
Shs.
25 Nl. Bk. of Commerce, Boston
200 Nl. Bk. of the Republic, Boston
285 Nl. Shawmut Bank, Boston
100 Second Nl. Bank, Boston
55 State Nl. Bank, Boston
99 Tremont Nl. Bank, Boston
300 Worcester Nl. Bk.
274
REPORT OF TH E
[Pub. Doc,
PLYMOUTH SAVINGS BANK, PLYMOUTH.
36 M AIN STREET.
Incorporated June 11, 1828.
Number of corporators, 31.
Number of trustees, 18.
C h a r l e s S. D a v i s , President.
J a m e s D . T h u r b e r , Treasurer.
J a m e s E. B a r t l e t t , Clerk o f the Corporation.
E. B a r t l e t t , W . G . B r o w n , J. W . C o o p e r , C. S. D a v i s , H . B . D a v i s , S a m u e l
H a r l o w , C. G. H a t h a w a y , F. J. H e a v e n s , E. E. H o b a r t , F. C . H o l m e s , I. M . Ja c k s o n , W . S.
K y l e , A r t h u r L o r d , G e o r g e M a b b e t t , J o h n R u s s e l l , C . B . S t o d d a r d , J. D . T h u r b e r , T . R .
W atson .
Board o f Trustees: J.
Board o f Investm ent:
C. S. D a v i s , C. G. H a t h a w a y , F. J. H e a v e n s , I. M . J a c k s o n , C. B. St o d d a r d .
Auditing Comm ittee:
J. E. B a r t l e t t , C. S. D a v is , G e o r g e M a b b e t t .
Deposits draw interest from first day of January, April, July and October; dividends are payable the
first Tuesday of January and July. Business hours: 9 a . m . to 1 p . m . ; 2 to 3 p . m .
STATEMENT OF CONDITION, OCTOBER 31,. 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$285,600
826,000
274,095
55.000
52.000
25.000
00
00
00
00
00
00
$1,517,695 00
$292,581
871,875
555,487
52,800
46,540
21,046
Book Value.
25
00
00
00
00
87
$1,840,330 12
457 loans on real estate (average o f each, $ 1 ,6 3 5 .3 2 ) .
.
.
.
.
33 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 5 1 ,0 0 0 ; assessed value, $ 5 1 ,0 0 0 )
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
.
.
.
$285,600
819,112
267,687
55.000
45,835
25.000
$1,498,234 50
747,342
597,825
25,000
36,424
2,383
.
.
00
50
00
00
00
00
00
00
00
78
46
$2,907,209 74
Liabilities.
Due depositors on 6,528 accounts, averaging $398.82 each
.
$2,603,504 99
(Accounts opened during year, 5 5 7 ; closed, 5 1 6 ; increase, 41)
Surplus: —
a. Guaranty fund (5 .1 1 % o f deposits; increase during year, none)
b. Profit and loss (increase during year, $ 3 0 ,7 4 1 .1 5 ) .
Current income: —
a. Interest .
.
.
.
.
.
.
$51,620 50
b. Rent
.
.
.
.
.
.
.
844 08
$52,464 58
2,652 30
------------------
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
133,000 00
120,892 47
Total Liabilities .
49,812 28
. $2,907,209 74
No. 8.]
275
BANK COMMISSIONER.
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$6,114.21
$6,100.00 $1,000.00
Cost per $1,000 of assets
2 .10
2.10
.34
Cost per $1,000 of assets not including State tax and rent .
.
.
Other Expenses.
Total.
$1,594.34 $14,808.55
.55
5.09
.
.
.
2.65
Gross income received during the year, $148,418.37.
Rates on Investments and Loans (Average on All, 5.12% ).
Real estate loans
(average rate, 5.28 per cen t.): 4)4% , $4,300; 5%, $477,423; 5)4% , $103,160; 6%,
$162,459.
(average rate, 4.49 per cent.): 4%, $25,000; 4)4% , $220,000;
$100,000; 4)4% .
$155,000; 5%, $17,225; 5)4% . $70,000; 5)4%, $10,000; 6%, $600.
(average rate on book values, 5.30 per cent.); 2%, $5,000; 3)4% , $120,000: 4%,
$444,600; 4)4% , $75,000; 5%, $312,800; 6%, $374,000; 7%, $9,700; 8%, $102,900; 10%, $69,800.
Personal loans
Bonds, stocks, etc.
Number of loans not over $3,000 each, 411, amounting to $469,167.
50 real estate loans made during year, amounting to $74,510.
Dividends, Deposits and Withdrawals.
Ordinarv dividends declared during year: Jan., 1912, 2 )4%
July, 1912, 2 %
Number of deposits during year, 4,452, amounting to
.
.
.
.
.
.
..........................................
.
.
.
.
Number of withdrawals during year, 4.975, amounting.to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
$62,655 43
50,473 75
293,459 00
.
$406,588 18
394,096 39
.
$12,491 79
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Boston 4s
15.000 Cambridge 4s
50.000 Los Angeles, Cal., 4)4s
11,100 Plymouth 4s
Public Funds, Notes.
5,000 Plymouth County 4)4s
4,500 Plymouth 4s
$285,600
Railroad Bonds.
$50,000 Bangor & Aroostook 5s
25.000 Boston & Albany 4s
20.000 Boston & Maine 4)4s
120,000 Chic. & Northwestern 6s
50.000 Chic., R. I. & Pac. 4s
$20,000 Detroit & Bay City 5s
30.000 Housatonic 5s
10.000 Kankakee & South W. 5s
50.000 Louisville & Nash. 5s
50.000 Montana 6s
100.000 New Orleans & Mobile 6s
65.000 N. Y „ N. H. & H. 3>4s
60.000 N. Y „ N. H. & H. 4s
100.000 No. Maine Seaport 5s
27.000 Old Colony 4s
18.000 Pitts., McK. & Yough. 6s
16.000 St. Paul & No. Pacific 6s
10.000 San Francisco & San J. V. 5s
5,000 Spokane Falls & Northern 6s
$826,000
D a te of E x a m in a t io n , June 13, 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank Stocks.
Shs.
7 Abington Nl. Bk.
100 First Ward Nl. Bk., Boston
228 Merchants Nl. Bk., Boston
108 Nl. Bk. of Commerce, Boston
811 Nl. Shawmut Bk., Boston
100 Nl. Union Bk., Boston
55 Old Boston Nl. Bk., Boston
270 Second Nl. Bk., Boston
97 State Nl. Bk., Boston
97 Tremont Nl. Bk., Boston
80 Brockton Nl. Bk.
100 Home Nl. Bk., Brockton
18 Union Nl. Bk., Lowell
278 Old Colony Nl. Bk., Plymouth
184 Plymouth Nl. Bk.
100 Third Nl. Bk., Springfield
171 Bristol Co. Nl. Bk., Taunton
[Pub. Doc.
REPO RT OF THE
276
PLYMOUTH FIVE CENTS SAVINGS BANK, PLYMOUTH.
44 M AIN STREET.
Incorporated April 6, 1855.
Number of corporators, 36; number of trustees, 21.
E v e r e t t F. S iie b m a n , President.
W il l ia m W . B r e w s t e r , Treasurer.
H e n r y W . B a r n e s , Clerk o f the Corporation.
E. B . A t w o o d , H . W . B a r n e s , J. C. B a r n e s , H . W . B a r t l e t t , W . L. B o y d e n ,
G. W . B r a d f o r d , W . W . B r e w s t e r , E. L. B u r g e s s , S. A. C h a p m a n , C. C. D o t e n , W . T . E ld r id g e , B . W . G o o d in g , C. P. H a t c h , R ic h a r d H o l m e s , H . N . P. H u b b a r d , N a t h a n ie l M o r t o n ,
J. S. R o b b in s , H . M . S a u n d e r s , E. F. S h e r m a n , C. A. S t r o n g , J. B . W a s h b u r n .
Board o f Trustees:
Board o f Investm ent:
C. P. H a t c h , C. A. S t r o n g , W . L. B o y d e n , W . T . E l d r id g e , W . W . B r e w s t e r .
A uditing Comm ittee:
W . T . E l d r id g e , E . L. B u r g e s s , H. M . S a u n d e r s .
Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay
able the second Tuesday of January and July. Business hours: 9 a . m . to 3 p . m .; also Saturdays
7 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$336,250
539.000
102.000
40,700
28,000
38,500
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
710 loans on real estate (average o f each, $ 1 ,7 2 1 .7 0 ) .
Less amount due on uncompleted loans .
.
.
00
00
00
00
00
00
$336,563
502,230
100,965
83,470
25,060
27,630
57
00
00
00
00
00
$1,084,450 00
$1,075,918 57
.
$1,232,905 00
10,500 00
.
.
.
.
.
23 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 4 ,0 0 0 ; assessed
Real estate b y foreclosure, etc. (assessed value, $154 )
.
Taxes, insurance, etc., paid on mortgaged properties
.
Suspense account
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$334,075
520,920
101,500
40.700
24.700
29,200
.
.
00
00
00
00
00
00
$1,051,095 00
1,222,405
123,050
12,000
245
19
285
36,060
3,175
.
value, $ 1 8 ,0 2 5 )
.
.
Book Value.
00
00
00
21
12
31
29
53
. $2,448,335 46
Total Assets
Liabilities.
.
Due depositors on 7,555 accounts, averaging $303.08 each
{Accounts opened during year, 8 5 2 ; closed, 6 3 8 ; increase , 214)
Surplus: —
a. Guaranty fund {4 -9 6 % o f deposits; increase during year, $ 4 ,1 5 0 )
b. Profit and loss {decrease during year, $ 5 ,9 8 8 .9 3 )
Current income: —
o. Interest .
.
.
.
.
.
.
$29,969 82
b. R e n t ...............................................................
207 70*
113,500 00
17,448 59
$29,762 12
2,117 18
-----------------
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
* Debit balance.
.
.
$2,2S9,741 93
.
.
.
27,644 94
$2,448,335 46
Nò. 8.
BANK COMMISSIONER.
277
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$4,694.44
$4,995.00
$800.00
Cost per $1,000 of assets
1.92
2.04
.33
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$1,287.40
.52
$11,776.84
4.81
2 .56
Gross income received during the year, $110,617.27.
Rates on Investments and Loans (Average on All, 4.72% ).
(average rate, 5.04 per cent.): 4J^%, $34,500; 5%, $1,123,135; 5J^%, $2,450; 5J^%,
$2,200; 6%, $60,120.
Personal loans (average rate, 4.71 per cen t.): 4J^%, $15,000; 4J^%, $37,000; 4M % . $10,000; 5%, $36,050;
5 H % , $25,000.
Bonds, stocks, etc. (average rate on book values, 4.34 per cent,.): 2%, $5,000; 3%, $10,000; 3 ^ % ,
$207,400; 3 % % , $5,000; 4%, $531,850; 4M % . $10,000; 4J^%, $168,000; 5%, $90,500; 6%, $22,900;
7%, $3,000; 8%, $2,100; 10%, $1,000; 12%, $17,700.
Real estate loans
Number of loans not over $3,000 each, 625, amounting to $706,325.
81 real estate loans made during year, amounting to $153,985.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 7,275, amounting to
$42,054 74
43,142 68
385,223 64
Number of withdrawals during year, 5,144, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$470,421 06
362,766 31
.
$107,654 75
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Bay City, Mich., 5s
15.000 Boston 4s
25.000 Brockton 4s
25,00,0 Chelsea 4s
25.000 Chicago, 111., 4s
5.000 Chicopee 4s
16.000 Concord 4s
25.000 Fall River 3Jd>s
35.000 Los Angeles, Cal., i}4a
10.000 Mansfield 4s
20.000 New Bedford 4s
50.000 Omaha, Neb., 4J^s
6.000 Oshkosh, Wis., 4s
5.000 Plymouth Z%s
10,950 Plymouth 4s
10.000 South Norwalk, Conn., 4Ms
10.000 Wakefield 4s
14.000 Whitman 4s
Public Funds, Notes.
5.000 Agawam 4s
1.400 Plymouth 3J^s
16,500 Plymouth 4s
1.400 Plympton 4s
$336,250
Railroad Bonds.
$14,000 Baltimore & Ohio 3J^s
25.000 Bangor & Aroostook 5s
20.000 Boston & Albany 3}$ b
15.000 Boston & Albany 4s
10.000 Boston & Lowell 4s
30.000 Boston & Maine 4s
10.000 Boyer Valley 3p¿s
15.000 Chic. & Northwestern 3)^s
10.000 Concord & Montreal 4s
40.000 Connecticut River 4s
10.000 Fitchburg 4s
15.000 Fitchburg 4J<s
6.000 Fre., Elk. & Mo. Valley 6s
10.000 Illinois Central 3s
25.000 Illinois Central 3p£s
25.000 Illinois Central 4s
10.000 Me. Cent. & E. & N. A. 4s
5.000 Mil., L. S. & Western 5s
10.000 New England 5s
30.000 N. Y. C. & H. R. 3^s
57.000 N. Y., N. H. & H. 3}'¿s
30.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
35.000 Old Colony 4s
30.000 Providence Terminal 4s
12.000 Rome, Watertown & Og. 5s
D a t e op E x a m in a t io n , April 8, 9, 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000 Washington Co. 3J^s
20,000 Wore., Nash. & R. 4s
$539,000
Street Railway Bonds.
$16,000 Boston Elevated 4s
36.000 Boston Elevated 4J^s
18.000 West End 4s
32.000 West End 4J^s
$ 102,000
Bank Stocks.
Shs.
40 First Nl. Bk., Boston
21 First Ward Nl. Bk., Boston
8 Nl. Bk. of Commerce, Boston
137 Nl. Shawmut Bk., Boston
15 State Nl. Bk., Boston
15 Webster & Atlas Nl. Bk., Boston
40 Brockton Nl. Bk.
76 Old Colony Nl. Bk., Plymouth
45 Plymouth Nl. Bk.
10 Third Nl. Bk., Springfield
REPO RT OF THE
278
[Pub. Doc.
PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF
SALISBURY AND AMESBURY, AMESBURY.
3
Incorporated February 28, 1828.
S e t h C l a r k , President.
M ARKET STREET.
Number of corporators, 40; number of trustees, 12.
A l fr e d C. W e b s t e r , Treasurer.
C h a r l e s L . A l l e n , Clerk o f the Corporation.
E. B l a k e , S e th C l a r k , E. P . C o l l in s , J o h n C u r r ie r , W . W .
H a w k e s , H . B. L o c k e , A. N. P a r r y , E. R . S ib l e y , A. C . W e b s t e r , D a n ie l W e b s t e r , A. G.
W il l e y .
Board o f Trustees: C . L . A l l e n , J.
Board o f Investm ent:
A uditing Comm ittee:
W . W . H a w k e s , A. C. W
ebster,
D a n ie l W e b s t e r .
C. L. A l l e n , A. G. W il l e y , J. E. B l a k e .
Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay
able the fourth Wednesday of April and October. Business hours: 9 a . m . to 2 p . m . ; Saturdays,
9 a . m . to 12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$924,000
639.000
235.000
74,640
67,000
585
00
00
00
00
00
63
$1,940,225 63
$905,667
609,292
224,975
152,309
59,965
50
50
00
00
00
$1,952,209 00
320 loans on real estate {average o f each, $ 2 ,1 8 8 .7 5 ) .
.
.
.
.
.
.
38 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 2 ,0 0 0 ; assessed value, $ 1 4 ,5 4 7 .6 0 ) .
Real estate b y foreclosure, etc. (assessed value, $ 1 6 ,8 0 0 ) .
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$923,000
639.000
235.000
73,800
57,000
3
00
00
00
00
00
00
$1,927,803 00
$700,400 00
861,600 00
10,000 00
7,160 61
55,937 99
5,681 01
Total A s s e t s .......................................... $3,568,582 61
Liabilities.
Due depositors on 7,637 accounts, averaging $424.53 each
.
.
.
.
.
$3,242,152 15
{Accounts opened during year, 5 8 4 ; closed, 5 0 4 ; increase, 80)
Surplus: —
а. Guaranty fund {4 .9 4 % o f deposits; increase during year, $ 4 ,5 9 3 .1 1 ) .
б. Profit and loss {increase during year, $ 1 ,8 1 1 .1 2 )
.
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
. • .
.
.
$6,741 54
b. R e n t ...............................................................
27 90
----------------------$6,769 44
Less current expenses not charged off
.
.
.
594 43
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
160,346 61
159,908 84
6,175 01
Total Liabilities
.
. $3,568,582 61
No. 8.]
279
BANK COMMISSIONER.
Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Salaries.
Amount paid for
$11,634.26
$5,905.00
Cost per $1,000 of assets
3.26
1.65
Cost per $1,000 of assets not including State tax and rent .
Advertising.- Other Expenses.
Total.
$917.19
$18,456.45
.26
5.17
.
.
.
.
.
1.91
Gross income received during the year, $154,815.79.
Kates on Investments and Loans (Average on All, 4.48% ).
Real estate loans (average rate, 5.05 per cent.): 5%, $654,900; 5J^%, $14,000; 6%, $31,500.
Personal loans (average rate, 4.64 per cent.): 4)4% , $230,000; 454%, $235,000; 4)4% , $75,000;
$50,000; 5%,
B onds , stocks, etc.
$50,000; 4%,
10%, $6,200;
454%.$129,700; 554%, $75,000; 5H % , $59,500; 6%, $7,400.
(average rate on book values, 4.19 per cent.): 3J4%> $6,000; 3)4% , $245,000; 3.55%,
$1,349,000; 4)4% , $190,000; 5%, $30,600; 6%, $13,335.63; 7%, $8,300; 8%, $6,500!
11%, $34,200.
Number of loans not over $3,000 each, 305, amounting to $280,600.
21 real estate loans made during year, amounting to $131,900.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2 %
Number of deposits during year, 4,660, amounting to
.
.
Number of withdrawals during year, 4,546, amounting to
N et increase in amount due depositors
.
.
.
.
.
.
.
.
..........................................
.
.
.
.
.
.
.
.
.
.
.
$61,570 05
62,307 35
352,695 91
.
$476,573 31
391,475 37
.
$85,097 94
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Beverly 4s
50.000 Boston 3)4s
125,000 Boston 4s
55.000 Cambridge 3)4s
20.000 Cambridge 4s
50.000 Chelsea 4s
25.000 Chicago, 111., 4s
20.000 Fall River 4s
40.000 Haverhill 4s
60.000 Kansas City, Mo., 4J4s
25.000 Lewiston, Me., 4s
50.000 Los Angeles, Cal., 4%s
25.000 Lynn 4s
25.000 Malden 4s
9.000 Medford 4s
51.000 New Bedford 4s
20.000 Newton 4s
6.000 St. Louis, Mo., 3)4s
8.000 Somerville 4s
10.000 Taunton 3)4s
20.000 Taunton 4s
25.000 Woonsocket, R. I., 4s
80.000 Amesbury 4s
25.000 Arlington 4s
25.000 Billerica 4s
Public Funds, Notes.
$50,000 Wakefield 3.55%
$924,000
$235,000
Railroad Bonds.
$75,000 Boston & Albany 3Hs
40.000 Boston & Maine 4s
25.000 Boston & Maine 4Ks
30.000 Boston, R. B. & L. 4Hs
25.000 Boyer Valley 3%s
100,000 C., B. & Q. 4s
35.000 Chicago & Northwestern 4s
30.000 Cleveland & Pittsburgh 3V£s
50.000 Fitchburg 4s
50.000 Illinois Central 4s
25.000 Michigan Central 5s
75.000 N. Y., N. H. & H. 4s
25.000 Providence Terminal 4s
40.000 Sullivan County 4s
14.000 Wore., Nash. & R. 4s
$639,000
D a t e of E x a m in a t io n , October 2.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$100,000 Boston Elevated 4s
25.000 Boston Elevated 4)^s
60.000 Springfield 4s
50.000 West End 4s
Bank Stocks.
Shs.
100 Powow River Nl. Bk., Amesbury
35 Boylston Nl. Bk., Boston
35 Merchants Nl Bk., Boston
30 Nl. Bk. of Commerce, Boston
80 Nl. Bk. of the Republic, Boston
342 Nl. Shawmut Bk., Boston
25 Nl. Union Bk., Boston
21 Old Boston Nl. Bk., Boston
27 Second Nl. Bk., Boston
51 State Nl. Bk., Boston
24 Tremont Nl. Bk., Boston
32 Webster & Atlas Nl. Bk., Boston
33 Bay State Nl. Bk., Lawrence
7 Union Nl. Bk., Lowell
280
REPORT OF THE
[Pub. Doc.
THE PROVIDENT INSTITUTION FOR SAVINGS IN THE
TOWN OF BOSTON, BOSTON.
36 TEMPLE PLACE.
Incorporated December 13, 1816.
Number of corporators, 124; number of trustees, 35.
A r t h u r T . L y m a n , President.
H e n r y P a r k m a n , Treasurer.
S. H u n t in g t o n W o l c o t t , Clerk o f the Corporation.
C. F. A d a m s , 2d, O l iv e r A m e s , E. P. B e e b e , A l fr e d B o w d it c h , H. B. C a b o t , P h il ip C a b o t , E. C. C l a r k e , C. E . C o t t in g , A l l e n C u r t is , C. P. C u r t is ,
L ou is C u r t is , P. Y . D e N o r m a n d ie , P h il ip D e x t e r , W il l ia m F a r n s w o r t h , G. R . F e a r in g , Jr.,
E . N. F e n n o , G. A. G a r d n e r , G. P. G a r d n e r , J. C . G r a y , E. W . G r e w , H . L. H ig g in s o n , H . S.
H o w e , W a l t e r H u n n e w e l l , C . C . J a c k s o n , A. T. L y m a n , G. v o n L. M e y e r , T h e o p h il u s
P a r s o n s , R. G. Sh a w , Jr., A. B. S i l s b e e , R. H . S t e v e n s o n , Jr., E. Y. R . T h a y e r , L . S. T u c k e r m a n , W . W . V a u g h a n , D . R . W h it n e y .
Board o f Trustees: G or d o n A b b o t t ,
Board o f Investm ent:
ter,
A uditing Comm ittee:
C. F. A d a m s , 2d, G or d o n A b b o t t , C. E . C o t t in g , L ou is C u r t is , P h il ip D e x
W il l ia m F a r n s w o r t h , W a l t e r H u n n e w e l l , E . V . R . T h a y e r .
C. P. C u r t is , E . V. R . T h a y e r , R . G. S h a w , Jr.
Deposits draw interest from first W ednesday of January, April, July and October; dividends are pay
able after the third Wednesday of January and July. Business hours: 9 a .m . to 2 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
88,790,156
11,411,600
1,015,000
426,800
1 , 000,000
1 , 000,000
66
00
00
00
00
00
$23,643,556 66
$8,732,151
11,099,718
952,275
1,016,475
960.000
895.000
Book Value.
47 $8,755,156
00 11,186,650
00
969.000
00
426,800
00
1 , 000,000
00
900.000
66
00
00
00
00
00
$23,655,619 47 $23,237,606 66
395 loans on real estate (average o f each, $ 5 2 ,5 6 9 .0 3 )
.
.
.
.
.
.
138 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 ,3 9 8 ,0 0 0 ; assessed value, $ 1 ,3 9 8 ,0 0 0 )
Real estate b y foreclosure, etc. (assessed value, $ 5 ,1 0 0 )
.
.
.
.
.
.
Depositors in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets
20,764,770 00
7,566,612 50
570,000 00
4,441 85
1,024,466 88
32,904 06
$53,200,801 95
Liabilities.
Due depositors on 104,476 accounts, averaging $475.06 each
. $49,633,312 64
(Accounts opened during year, 9 ,3 9 6 ; closed, 9 ,2 7 9 ; increase, 117)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during year, $ 5 ,0 0 0 ) .
h. Profit and loss (increase during year, $ 2 3 ,3 6 4 -4 0 ) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
$507,251 60
b. R e n t ...............................................................
23,704 01
Less current expenses not charged off
.
.
.
$530,955 61
46,406 89
-----------------------
.
Total Liabilities .
2,480,000 00
602,940 59
.
.
484,548.72
$53,200,801 95
T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$118,110.61 $68,456.66 $36,000.00
Cost per $1,000 of assets
2 .22
1.28
.67
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $2,125,678.89,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Expenses.
Total.
$16,012.61 $238,579.88
.30
4.47
1.58
281
BANK COMMISSIONER
No.
Rates on Investments and Loans (Average on All, 4.08% ).
(average rate, 3.92 per cent.): 3*£%, $708,000; 3*6%, $2,425,000; 3*£%, $3,941,000; 4%,
$11,570,650; 4}£% , $752,750; 4*6%, $993,150; 4 % % , $22,000; 5%, $351,420; 6%, $800.
Personal loans (average rate, 4.40% ); 4%, $649,937.50; 4*6%, $330,000; 4*6%, $3,622,000; 4*6%,
$1,195,000; 4*6%, $791,575; 4*6%, $44,600; 5%, $50,500; 5*6%, $698,000; 5*6%, $185,000.
Bonds, stocks, etc. (average rate on book values, 4.12 per cent.): 3%, $148,000; 3.30%, $105,000; 3.35%,
$100,000; 3*6%, $55,000; 3.40%, $50,000; 3.45%, $58,140; 3*6%, $3,614,866.66; 3*%%, $69,000;
3*6%, $56,150; 3.65%, $39,300; 3% «% , $40,600; 4%, $17,216,100; 4*6%, $772,000; 5%, $662,000;
6%, $273,100; 7%, $111,200; 8%, $88,300; 10%, $184,800.
Real estate loans
Number of loans not over $3,000 each, 68, amounting to $122,795.
13 real estate loans made during year, amounting to $391,150.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 1*¿%
July, 1912, 2%
Number of deposits during year, 104,511, amounting to .
.
.
.
.
Number of withdrawals during year, 85,704, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$818,418 01
944,203 74
6,655,401 86
.
$8,418,023 61
7,493,157 48
.
$924,866 13
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$148,000 Massachusetts 3s
546.000 Massachusetts 3*6s
100.000 New York, State of, 4s
50.000 Augusta, Me., 4s
2,075,000 Boston 4s
50.000 Burlington, Vt., 4s
100.000 Concord, N. H., 4s
50.000 Haverhill 4s
265.000 Holyoke 4s
35.000 Lawrence 4s
592.000 Lowell 4s
100.000 Lynn 4s
600.000 New Bedford 4s
40.000 New Britain, Conn., 4s
200.000 New Haven, Ct., 4s
285.000 Pawtucket, R. I., 4s*
30.000 Pittsfield 4s
1,000,000 Providence, R. I., 4s
128.000 Quincy 4s
130.000 Rochester, N. H., 4s*
219.000 Rutland, Vt., 4s
422.000 Springfield 4s
96.000 Stamford, Ct., 4s
21.000 Waltham 4s
18.000 Woburn 4s
25.000 Attleborough 4s
24.000 Braintree 4s
58,140 Brookline 3.45%
99.000 Brookline 3*6s
32.000 Brookline 3.60%
25.000 Foxborough 4s
40,500 Grafton 4s
25.000 Leominster 4s
10.000 Lexington 4s
5,600 Plymouth 4s
10.000 Tiverton, R. I., 4s
100.000 Wellesley 4s
100.000 Westerly, R. I., 4s
165.000 West Springfield 4s
Public Funds, Notes.
$80,000 Bristol County 4s
100,000 Middlesex Co. 3.35%
40.000 Beverly 3*6s
50.000 Chelsea 3.40%
15.000 Lowell 3*gs
10.000 Marlboro 3.30%
189,326 No. Adams 3J6s
37.000 North Adams 3.60%
16.000 North Adams 3*6s
39,300 No. Adams 3.65%
45.000 Somerville 3.30%
50.000 Brookline 3.30%
18,540 Brookline 3*6s
40,150 Brookline 3*6s
40,600 Brookline 3%eS
$8,790,156
$500,000 Delaware & Hudson Co. 4s
950.000 Fitchburg 4s
250.000 Fitchburg 4*6s
350.000 Illinois Central 3*6s
450.000 Illinois Central 4s
350.000 Louisville & Nash. 4s
165.000 Louisville & Nash. 4*6s
100.000 Mich. Cen.-Jol.&No.Ind.4s
100.000 Minn. & Iowa 3*6s
200.000 New England 4s
300.000 N. Y. & N. E. Term. 4s
390.000 N. Y., N. H. & H. 3*6s
450.000 N. Y „ N. H. & H. 4s+
86,600 N. Y., N. H. & H. 6s
1,000,000 Old Colony 4s
250.000 St. P., Minn. & Man. 4s
107.000 Upper Coos 4*6s
672.000 Vermont & Mass. 3*6s
$11,411,600
Railroad Bonds.
$50,000 Albany & Susque. 3*6s
50.000 Allegheny Valley 4s
200.000 Baltimore & Ohio 3*6s
100.000 Bangor & Aroostook 5s
310.000 Boston & Albany 4s
100.000 Boston & Albany 4*6s
241.000 Boston & Lowell 4s
200.000 Boston & Maine 4s
150.000 Boston & Maine 4*6s
180.000 Boston & Providence 4s
179.000 Burlington & Mo. R. 6s
1,204,000 C., B. & Q. 4s
93.000 C., B. & Q. 5s
300.000 Chic., Mil. & St. Paul 4s
550.000 Chic. & Northwestern 4s
434.000 Chic. & Northwestern 5s
50.000 Chic., R. I. & Pac. 4s
100.000 Concord & Montreal 4s
250.000 Connecticut River 4s
Street Railway Bonds.
$250,000 Boston Elevated 4s
400.000 Boston & Northern 4s
365.000 West End 4s
$1,015,000
Bank Stocks.
Shs.
1,000 Merchants Nl. Bk., Boston
75 Nl. Bk. of Commerce, Boston
571 Nl. Shawmut Bk., Boston
312 Nl. Union Bk., Boston
350 Old Boston Nl. Bk., Boston
848 Second Nl. Bk., Boston
500 State Nl. Bk., Boston
612 Webster & Atlas Nl. Bk., Boston
D a te of E x a m in a t io n , N ovember 4, 5, 6, 7.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $200,000 not a legal investment.
[Pub. Doc.
REPORT OF THE
282
QUINCY SAVINGS BANK, QUINCY.
1374 HANCOCK STREET.
Incorporated March 18, 1845.
Number of corporators, 34; number of trustees, 12.
C l ab en c e B u b g in , Treasurer.
J oh n Q . A . F i e l d , President.
G e o r g e E . A d a m s , Clerk o f the Corporation.
G. E . A d a m s , R . D . C h a s e , R . F . C l a f l in , J. H. E m e b y , H. M . F a x o n , J. Q. A .
F i e l d , E . B. M a b s h , G. A . Sid e l in g e b , F . H. S m it h , H. F . S p e a b , J. F . W e l c h , H. T . W h it m a n .
Board o f Trustees:
Board o f Investm ent:
J. Q. A . F i e l d , R . F. C l a f l in , J. F. W
Auditing Committee: R .
elch,
R. D. C h ase.
D . C h a s e , F . H. S m it h , H. M . F a x o n .
Deposits draw interest from the first Tuesday of January, April, July and October; dividends are pay
able Wednesday following first Tuesday of April and October. Business hours: 8.30 a . m . to
3 p . m . ; Saturdays, 8.30 a . m . to 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$422,140
1,310,000
150,000
31,295
93.000
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
00
00
00
00
00
12.000 00
$2,018,435 00
1,038 loans on real estate (average o f each, $ 2 ,3 9 5 .7 2 )
Less amount due on uncompleted loans .
.
.
.
.
.
.
.
.
$409,781
1,215,605
140,300
54,537
83,235
9,000
10
00
00
00
00
00
$1,912,458 10
Book Value.
$422,140
1,292,704
145,333
40,985
82,977
9,000
00
25
90
00
50
00
$1,993,140 65
$2,527,700 43
40,946 66
2,486,753
401,878
83,568
715
13,859
695
41 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 8 3 ,5 6 8 .1 4 ; assessed value, $7 5 ,6 7 5 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
77
00
14
62
34
13
. $4,980,610 65
Total Assets
Liabilities.
Due depositors on 16,056 accounts, averaging $288.61 each
.
.
.
.
.
$4,634,003 59
(Accounts opened during year, 2 ,0 1 2 ; closed, 1 ,3 9 3 ; increase, 619)
Surplus: —
a. Guaranty fund (4 -6 4 % o f deposits; increase during year, $12 ,0 0 0 )
b. Profit and loss (increase during year, $ 2 2 ,2 6 1 .3 4 ) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$21,483 55
b. Rent
.
.
.
.
.
.
.
367 46
-----------------------$21,851 01
Less current expenses not charged off
.
.
.
.
1,021 02
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
215,000 00
110,777 07
20,829 99
Total Liabilities
.
. $4,980,610 65
No.
BANK COMMISSIONER.
283
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$9,661.11
$8,685.70
$1,200.00 $185.00
$2,000.69
$21,732.50
Cost per $1,000 of assets
1.94
1.74
.24
.04
.40
4 .3 6
Cost per $1,000 of assets not including State tax and rent .
2.18
Gross income received during the year, $215,114.91.
Rates on Investments and Loans (Average on All, 4.60% ).
Real estate loans
(average rate, 5.03 per cent.): 4J^%, $197,450; 5%, $2,068,701.56; 5>£%, $69,705; 6%,
$150,897.21.
Personal loans (average rate, 4.93
5 M % , $87,988; 6%, $9,650.
B on d s , stocks, etc. (average rate
per cen t.): 4J^%, $50,000; 4J^%, $75,000; 4 % % , $20,000; 5%, $159,240;
on book values, 3.98 per cent.): 3%, $25,000; 3J^%, $25,000; 3J4%>
$665,000; 4%, $1,073,140; 4 ^ % , $95,000; 5%, $104,000; 6%, $10,000; 8%, $20,000.
Number of loans not over $3,000 each, 863, amounting to $1,359,246.25.
193 real estate loans made during year, amounting to $588,705.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 20,405, amounting to
$83,230 97
85,511 98
1,002,587 28
Number of withdrawals during year, 12,699, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$1,171,330 23
909,061 50
$262,268 73
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$75,000 Massachusetts 3Hs
75.000 Boston 3J^s
5.000 Brockton 4s
50.000 Chicago, 111., 4s
11.000 Gloucester 4s
32.000 Haverhill 4s
15.000 Kansas City, Mo., 4s
3.000 Melrose 4s
25.000 Minneapolis, Minn., 314s
25.000 Pittsburgh, Pa., 3]4a
4,640 Quincy 4s
15.000 Quincy 4)^s
25.000 Waterbury, Ct., 4s
20.000 Canton 4s
12,500 Needham 4s
8.000 Orange 4s
10.000 Randolph 4s
11.000 Stoughton 4s
$422,140
Railroad Bonds.
$25,000 Atch., Top. & Santa Fe 4s
15.000 Baltimore & Ohio 3
65.000 Bangor & Aroostook 5s
50.000 Boston & Albany 4s
20.000 Boston & Maine 3}^s
50.000 Boston & Maine 4s
60.000 Boston & Maine 4J^s
25.000 Boyer Valley 3)^s
115.000 Chic., Burl. & Quincy 3J^s
25.000 Chic., Burl. & Quincy 4s
50.000 Chicago & Northwestern 4s
14.000 Chicago & Northwestern 5s
25.000 Conn. & Passump. Riv. 4s
50.000 Delaware & Hudson 4s
50.000 Fitchburg 3Hs
50.000 Fitchburg 4s
25.000 Illinois Central 3s
95.000 Illinois Central 33%a
15.000 Illinois Central 4s
10.000 Michigan Central 3J^s
10.000 N. Y. Cent. & H. R. 3^8
100.000 N. Y., N. H. & H. 3^s
D a t e of E x a m in a t io n , January 22, 23, 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$196,000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
25.000 Old Colony 3k£s
45.000 Providence Term. 4s
25.000 St. Paul., Minn, & Man. 4s
25.000 Washington Co. 3J^s
25.000 Wor., Nash. & Roch. 48
$1,310,000
Street Railway Bonds.
$80,000 Boston Elevated 4s
20.000 Boston Elevated 4J^s
50.000 Boston & Northern 4s
$150,000
Bank Stocks.
Shs.
200 Commonwealth Tr. Co., Boston •
37 Tremont Nl. Bk., Boston
100 Nl. Mt. Wollaston Bk., Quincy
284
REPO RT OF THE
[Pub. Doc.
RANDOLPH SAVINGS BANK, RANDOLPH.
M AIN STREET.
Incorporated April 14, 1851.
Number of corporators, 32; number of trustees, 10.*
A sa P. F r e n c h , President.
N. I r v in g T o l m a n , Treasurer.
P a t r ic k H . M c L a u g h l in , Clerk o f the Corporation.
J. A. B r e n n a n , J. H . F i e l d , A. P. F r e n c h , F. M . F r e n c h , F . C. G r a n g e r , P . H .
M c L a u g h l in , C. A. T h a y e r , R . A. T h a y e r , N. I. T o l m a n , J. K . W i l l a r d .
Board o f Trustees:
Board o f Investm ent:
R . A. T h a y e r , F. M . F r e n c h , C. A. T h a y e r , J. K . W il l a r d .
A uditing Comm ittee: F . M . F r e n c h ,
P. H. M c L a u g h l in , J. A . B r e n n a n .
Deposits draw interest from first day of January, April, July and October; dividends are payable the
first day of April and October. Business hours: 9 a .m . to 1 p .m .; 2 to 3 p .m .; Saturdays, 9 a .m .
to 12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$93,700
568,000
75.000
18,500
35.000
31,256
Estimated
Market Value.
00
00
00
00
00
25
$90,545
550,502
72,125
33,730
31,325
31,256
$821,456 25
272 loans on real estate (average o f each, $ 3 ,9 0 4 .3 2 ) .
Less amount due on uncompleted loans .
Book Value.
00
50
00
00
00
25
$809,483 75
$1,065,925 00
3,950 00
----------------------
7 loans on personal security .
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Total Assets
$92,650
567,050
75,000
18,500
31,825
31,256
00
00
00
00
00
25
$816,281 25
1,061,975
105,146
32,618
3,848
00
00
62
49
. $2,019,869 36
Liabilities.
Due depositors on 3,819 accounts, averaging $490.50 each
.
$1,873,223 89
{Accounts opened during year, 2 6 8 ; closed, 2 8 0 ; increase, 88)
Surplus1—
a. Guaranty fund {5 .0 1 % o f deposits; increase during year, $2 ,4 0 0 )
h. Profit and loss {increase during year, $ 1 5 ,4 4 7 .4 1 ) .
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
93,878 00
45,096 11
$8,135 29
463 93
7,671 36
Total Liabilities .
.
T w o vacancies, caused b y death.
.
.
.
$2,019,869 36
No. 8.]
BANK COMMISSIONER.
285
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,193.88
$2,772.63
$360.00
$1,687.20
$9,013.71
Cost per $1,000 of assets
2 .0 8
1.37
.18
.83
4 .4 6
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.20
Gross income received during the year, $90,701.83.
Rates on Investments and Loans (Average on All, 4.62%).
Real estate loans (average rate, 6.07 per cent.): 5%, $948,600; 6)4% , $71,250; 6%, $42,125.
Personal loans (average rate, 4.49 per cent.): 4)4% , $25,000; 4)4% , $75,000; 5)4% , $4,121; 6%, $1,025.
B onds, stocks etc. (average rate on book values, 4.04 per cent.): 3)4% , $25,000; 4%, $621,000; 4)4% ,
$75,000; 5%, $53,200; 7%, $7,500; 8%, $6,000; 10%, $2,500.
Number of loans not over $3,000 each, 147, amounting to $224,300.
47 real estate loans made during year, amounting to $168,900.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct. 1912, 2% .
Number of deposits during year, 1,830, amounting to
$35,741 04
34,898 18
190,299 77
$260,938 99
222,348 39
Number of withdrawals during year, 2,357, amounting to
Net increase in amount due depositors
$38,590 60
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Belfast, Me., 4s
25.000 Portsmouth, N. H., 4s
5.000 Randolph 4s
8.000 Rockland 4s
5.000 South Abington 4s
25.000 Kennebec, Me. (W.D.), 3)4s
Public Funds, Notes.
700 Randolph 5s
$93,700
Railroad Bonds.
$25,000 Bangor & Aroostook 5s
50.000 Boston & Albany 4s
$20,000 Boston & Lowell 4s
68.000 Boston & Maine 4s
25.000 Boston & Maine 4)4s
25.000 Boston & N. Y. Air Line 4s
25.000 Chicago & Northwest. 4s
15.000 Conn. & Pass. Rivers 4s
25,000- Delaware A Hudson 4s
10.000 Fitchburg 4s
25.000 Fitchburg 4J4s
30.000 Illinois Central 4s
70.000 N. Y., N. II. & H. 4st
25.000 No. Maine Seaport 5s
80.000 Old Colony 4s
25.000 Sullivan County 4s
25.000 Wore., Nash. & R. 4s
$568,000
D a t e of E x a m in a t io n , January 8.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $25,000 not a legal investment.
Street Railway Bonds.
$50,000 Boston Elevated 4s
25,000 Boston Elevated 4)4s
$75,000
Bank Stocks.
Shs.
25 Nl. Union Bk., Boston
67 State Nl. Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
25 Home Nl. Bk., Brockton
35 Nl. City Bk., Lynn
25 Taunton Nl. Bk.
286
REPO RT OF TH E
[Pub. Doc.
REVERE SAVINGS BANK, REVERE.
327 BROADW AY.
Incorporated April 12, 1912.
A l fr e d S. H a l l , President.
Number of corporators, 51; number of trustees, 25.
W il l is G . B o n d , Treasurer.
A l b e r t J. B r o w n , Clerk o f the Corporation.
A. J. B r o w n , C. H . B r o w n , N. S. B u r b a n k , W . H . C a n a v a n , C. E.
C l is b e e , C. F. C h is h o l m , F. M . C r a ig , J. E. C u t h b e r t s o n , S. R . C u t l e r , W . H . D e r b y , A. M .
F il a d o r a , G . W . F o lso m , T. W . G il l e t t e , A. S. H a l l , H . J. H a r d in g , L. L. H a r t w e l l , A. H .
M a g u n e , G . R . M a n n , M . M . M u l l ig a n , I. P . P a r k , J. B . S h u r t l e f f , Jr., W . P . S t e r n e r ,
W . G . T o r r e y , F. C. T o w a r d .
Board o f Trustees: W . G . B o n d ,
Board
o f Investm ent:
C. H . B r o w n , C. F. C h is h o l m , J. E . C u t h b e r t s o n , A . S. H a ll , J. B.
S h u r t l e f f , Jr.
A uditing Comm ittee: W . H . C a n a v a n , H . J. H a r d in g ,
I. P . P a r k .
Deposits draw interest from fifteenth day of February, M ay, August and Novem ber; dividends are
payable M ay 15 and N ov. 15. Business hours: 8.30 a .m . to 1 p .m .; also Saturdays, for deposits
only, 4 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
6 loans on real estate (average o f each, $ 1 ,2 7 5 )
.
.
.
.
5 loans on personal security .
.
.
.
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
.
.
.
Expense account .
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
C a s h ......................................................................................................... ..........
.
.
.
.
.
.
.
.
.
.
.
.
Book Value.
$7,650 00
3,500 00
194 50
390 11
1,416 04
289 44
Total A s s e t s .......................................... $13,440 09
Liabilities.
Due depositors on 223 accounts, averaging $57.29 each
$12,775 89
( Accounts opened during year, 2 4 4 ; closed, 21)
Current income: —
Interest
.
Special expense fund
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
64 20
600 00
.
Total Liabilities
.
.
.
.
.
$13,440 09
/
No. 8.]
BANK COMMISSIONER.
287
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$50.00
$21.00
$319.11
Cost per $1,000 of assets
3.72
1.56
23.73
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Total.
$390.11
29.01
25.29
Gross income received during the year, $65.46.
Rates on Investments and Loans (Average on All, 5.49%).
Real estate loans (average rate, 5.69 per cent.): 5J^%, $5,150; 6%, $2,300;
Personal loans (average rate, 5.07 per cent.): 5%, $3,000; 5J^%, $500.
7%, $200.
Number of loans not over $3,000 each, 11, amounting to $11,150.
6 real estate loans made during year, amounting to $7,650.
Deposits and Withdrawals.
Number of deposits during year, 541, amounting to
Number of withdrawals during year, 117, amounting to
N et amount due depositors
D a t e op E x a m in a t io n , November 8.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$15,402 39
2,626 50
$12,775 89
[Pub. Doc.
REPORT OF THE
288
ROCKLAND SAVINGS BANK, ROCKLAND.
5
Incorporated March 30, 1868.
CHURCH STREET.
Number of corporators, 50; number of trustees, 15.
J. A. T o r r e y , President.
H . W . B u r r e l l , Treasurer.
C l a r e n c e E . R i c e , Clerk o f the Corporation.
W . D o n o v a n , J. E. F r e n c h , H. E . F u l l e r , W . M . H u r l e y ,
E d w in M u l r e a d y , A . A . P h e l p s , C. L. R ic e , J. S. S m it h , J. J. S p e n c e , J. W . S p e n c e , J. FT h o m p so n , E . P . T o r r e y , H. S. T o r r e y , J. A . T o r r e y .
Board o f Trustees: A l b e r t C u l v e r , A .
Board o f Investm ent:
J. A. T o r r e y , A l b e r t C u l v e r , H. E. F u l l e r , A. A. P h e l p s , E . P. T o r r e y .
Auditing Comm ittee: E d w in M u l r e a d y ,
H. E . F u l l e r , J. S. S m it h .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable
the Wednesday after the first Tuesday of January and July. Business hours: 9 a .m . to 12 m .;
1 to 4 p . m .; Saturdays, 9 a .m . to 12 m .; also Fridays, 7 to 8 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$89,500
397,000
63.000
5,200
38.000
36,500
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$89,754
367,237
60,890
7,325
34,010
13,532
00
00
00
00
00
00
$572,749 05
$629,200 00
682 loans on real estate (average o f each, SI ,804-45) .
Less amount due on uncompleted loans .
.
.
.
$1,236,122 00
5,484 00
----------------------59
loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 6 5 ,0 0 0 ; assessed value, $ 6 4 ,1 2 5 )
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
•.
.
.
55
50
00
00
00
00
$89,500
392,286
62,225
5,200
34,293
13,459
00
00
00
00
75
82
$596,964 57
.
.
.
Total Assets .
Book Value.
.
.
.
.
1,230,638
65,140
.58,000
36,396
2,396
00
00
00
62
95
$1,989,536 14
Liabilities.
Due depositors on 5,473 accounts, averaging $333.59 each
.
.
.
.
.
$1,825,784 18
( Accounts opened during year, 7 5 7 ; closed, 5 7 5 ; increase, 182)
Surplus: —
a. Guaranty fund (4 .9 1 % o f deposits; increase during year, $ 4 i6 8 6 .5 6 ) .
.
.
h. Profit and loss (increase during year, $ 1 0 ,3 5 4 .1 0 ) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$32,953 25
Less current expenses not charged off
.
.
.
1,996 03
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
89,706 30
43,088 44
30,957 22
. $1,989,536 14
No. 8.]
289
BAN K COMMISSIONER.
Total Expenses for the Year, including State Taxes.
Advertising.
State Tax (Net).
Salaries.
Rent.
$26.25
Amount paid for
$2,535.66
$3,486.00
$400.00
Cost per $1,000 of assets
1.27
1.75
.20
.01
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$1,274.86
.64
Total.
$7,722.77
3.87
2.40
Gross income received during the year, $92,264.37.
Rates on Investments and Loans (Average on All, 5.02%).
Real estate loans (average rate,
5.45 per c e n t .): 5%, $550,568; 5)4% . $3,200;, 5)4% . $251,107; 6%,
$425,763.
Personal loans (average rate, 5.37 per c e n t.): 5%, $30,888; 5)4% . $7,000; 5)4% , $9,400; 6%, $17,852.
Bonds, stocks, etc. (average rate o n b o o k values, 4.09 per c e n t.): 3 )4 % , $169,000; 4% , $325,000; 4 )4 % .
$43,000; 5%, $48,700; 6%, $17,000; 7%, $1,500.
Number of loans not over $3,000 each, 634, amounting to $631,187.
57 real estate loan* made during year, amounting to $167,390.
Dividends, Deposits and Withdrawals.
$33,282 61
34,161 00
341,551 80
Ordinary dividends declared during year: Jan., 1912, 2%
July, 1912, 2%
Number of deposits during year, 5,713, amounting to
Number of withdrawals during year, 4,858, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
.
$408,995 41
322,214 53
$86,780 88
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Boston 4s
1.000 Brockton 4s
5.000 Dover, N. H., 4s
5.000 Dubuque, la., 4s
10.000 Los Angeles, Cal., 4)4s
5.000 Newburyport 4s
4.000 New London, Ct., 4s
6.000 Newton 4s
4.000 Pittsfield 3 1/ 2b
15.000 Quincy 4s
5.000 Sioux City, la., 4)4s
8.000 Taunton 4s
6.000 Rockland 4s
5,500 Woodstock, N. H., 4s
$89,500
Railroad Bonds.
$15,000 Ateh., Top. & Santa Fé 4s
10.000 Bangor & Aroostook 5s
$10,000 Boston & Albany 3J4s
12.000 Boston & Lowell 4s
27.000 Boston & Maine 4s
10.000 Boyer Valley 3)4s
40.000 C., B. & Q. 3Hs
10.000 C., B. & Q. 4s
15.000 Chicago & Northwest. 5s
6.000 Concord & Montreal 4s
5.000 Dexter & Piscataquis 4s
5.000 Erie & Pittsburgh 3)/¿s
25.000 Fitchburg 4s
60.000 Illinois Central 3)^s
5.000 Louisville & Nashville 4s
17.000 N. Y., Lack. & Western 6s
25.000 N. Y „ N. H. & H. Zy2a
16.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
11.000 Old Colony 4s
15.000 Penobscot Shore Line 4s
6.000 Pitts., Va. & Charleston 4s
10.000 Princeton & Northwest. 3)¿s
10.000 Somerset 4s
D a t e of E x a m in a t io n , M ay 13, 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000 Upper Coos 4s
5.000 Washington Co. 3}As
5.000 Wore., Nash. & R. 4s
$397,000
Street Railway Bonds.
$15,000 Boston Elevated 4s
28.000 Boston Elevated 4)^s
10.000 Boston Northern 4s
10.000 West End 4s
r
$63,000
Bank Stocks.
Shs.
12 Abington Nl. Bk.
15 State Nl. Bk., Boston
25 Rockland Trust Co.
[Pub. Doc,
REPO RT OF TH E
290
SALEM SAVINGS BANK, SALEM.
125
W ASHINGTON STREET.
Incorporated January 29, 1818,
Number of corporators, 114; number of trustees, 22.
C h a s l e s S. R e a , P resid en t.
F r a n k S. P e r k in s , Clerk o f the Corporation.
(Office vacant), Treasurer.
G . H. A l l e n , H. P . B e n s o n , W . D. C h a p p l e , W . A . C h is h o l m , E. J. F a b e n s ,
G . R . F e l t , H. O. F u l l e r , G . W . G r a n t , G . R . J e w e t t , J. J. M a c k , R . M . M a h o n e y , W . P .
M c M u l l a n , G . A . M o r r il l , W . E. N o r t h e y , R o b e r t O sg o o d , J oh n P ic k e r in g , F . G . P ou s l a n d , C. S. R e a , D . A. V a r n e y , G . A . V ic k e r y , G e o r g e W e s t , R ic h a r d W h e a t l a n d .
Board o f Trustees:
Board o f Investm ent:
C. S. R e a , G. H. A l l e n , G. R . J e w e t t , W . P . M c M u l l a n , R o b e r t O sg o o d ,
D. A . V arn ey.
Auditing Comm ittee: W . A . C h is h o l m , G . W . G r a n t , G . R . F e l t .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are pay
able the fourth Wednesday of April and October. Business hours: 8.45 a . m . to 1.15 p . m .; also
Saturdays, 7 to 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Par Value.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
Boston Terminal Co. bonds .
.
.
American Tel. & Tel. Co. bonds
Securities acquired in settlement of indebtedness
$1,089,975
1,854,000
450.000
188,100
100.000
200,000
15,000
00
00
00
00
00
00
00
$3,897,075 00
Book Value.
Estimated
Market Value.
$1,075,505 38 $1,082,882 00
1,829,912 50
1,734,507 50
446.000 00
436,500 00
212,860 00
490,930 00
100.000 00
96,000 00
176,750 00
179,000 00
100 00
4,200 00
$4,016,642 88
3,629,070
2,630,700
60,000
62,836
13,279
757 loans on real estate (average o f each, $ 4 ,7 9 4 .0 1 ) .
.
.
82 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ 1 0 0 ,0 0 0 ; assessed value, $ 1 2 1 ,5 0 0 )
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets
$3,848,504 50
00
00
00
35
46
. $10,244,390 31
Liabilities.
Due depositors on 18,419 accounts, averaging $519.30 each
.
$9,565,044 65
(Accounts opened during year, 2 ,0 2 7 ; closed, 1 ,4 3 5 ; increase, 592)
Surplus: —
a. Guaranty fund {4 .9 4 % o f deposits; increase during year, $ 1 3 ,0 0 0 )
b. Profit and loss {decrease during year, $ 2 ,6 4 9 .9 4 )
Current income: —
a. Interest .
.
.
.
.
.
.
$9,144 97
b. Rent
.
.
.
.
.
.
.
37 50
Less current expenses not charged off
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
473,000 00
199,041 94
$9,182 47
1,878 75
----------------
7,303 72
. $10,244,390 31
291
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net). Salaries.
Amount paid for
$25,887.66 $18,479.83 $2,500.00 $1,236.08
C ost per $1,000 of assets
2.53
1.80
.24
.12
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
Total.
$3,240.07 $51,343.64
.32
5.01
2.24
Gross income received during the year, $433,729.70.
Rates on Investments and Loans (Average on All, 4.47% ).
(average rate, 4.7.7 per cent.): 4%, $494,800; 434%, $68,000; 4 J^%, $553,200; 4M%>
$60,000; 5%, $2,435,370; 5 ^ % , $3,250; 5M%> $3,600; 6%, $10,850.
Personal loans (average rate, 4.39 per cent.): 4%, $355,500; 41^%, $145,000; 4)4% , $1,051,500; 4 ^ % ,
$438,500; 4)4% , $222,900; 4?4%, $25,000; 5%, $175,300; 5J^%, $217,000.
Bonds, stocks, etc. (average rate on book values, 4.25 per cent.): 3%, $159,000; 3!/io% , $20,000; 3%o%>
$11,900; 3)4% , $50,000; 3)4% , $1,099,575; 3.65%, $5,000; 4%, $1,469,000; 4)4% , $636,500; 5%,
$137,500; 6%, $119,700; 7%, $52,300; 8%, $8,000; 10%, $80,600; 11%, $17,500; 12%, $15,500.
Real estate loans
Number of loans not over $3,000 each, 493, amounting to $871,960.
146 real estate loans made during year, amounting to $583,776.
Dividends, Deposits and Withdrawals.
$177,236 97
182,053 98
1,334,449 82
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 15,050, amounting to
Number of withdrawals during year, 12,184, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
$1,693,740 77
1,247,039 56
.
.
.
$446,701 21
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$200,000 Massachusetts 3)4s
25.000 Allegheny, Pa., 4s
50.000 Boston 4s
85.000 Burlington, Vt., 3)4s
50.000 Chicago, 111., 4s
50.000 Dubuque, la., 4s
20.000 Fall River 3)4s
10,500 Gloucester 3)4s
10.000 Gloucester 4s
25.000 Grand Rapids, Mich., 4)4s
150.000 Los Angeles, Cal.,
4)4s
5.000 Middletown, Ct., 3.65%
50.000 Minneapolis, Minn., 4s
100.000 Omaha, Neb., 4)4s
31.000 Quincy 3His
22.000 Saginaw, Mich., 4s*
60.000 So. Norwalk, Conn., 4s
25.000 St. Louis, Mo., 3Ms
15.000 Terre Haute, Ind., 4s
15.000 Ware 3)4s
10.000 Waterbury, Conn., 4s
15.000 Augusta, Me. (W. D.), 4s
Public Funds, Notes.
2.000 Beverly 3)4s
20.000 Brookline 3.10%
25.000 Brookline 3Ms
5.000 Middleborough 4s
11,900 North Adams 3.20%
1,509 Plymouth 4 Ms
1,075 Winthrop 3Ms
Railroad Bonds.
$25,000 Boston & Albany 3)4s
25.000 Boston & Lowell 4s
84.000 Boston & Maine 3s
80.000 Boston & Maine 4s
150.000 Boston & Maine 4)4s
26.000 Cedar Rapids & Mo. R. 7s
100.000 G , B. & Q. 3)4s
50.000 Chic. & Northw. 3)4s
17.000 Chic. & Northwestern 7s
100.000 Cleve. & Pittsburgh 3)4s
10.000 Cleve. & Pittsburgh 4)4s
100.000 Concord & Montreal 4s
10.000 Connecticut River 3Ms
50.000 Conn. & Passumpsic R. 4s
31.000 Fre., Elk. & Mo. Val. 6s
25.000 Housatonic 5s
75.000 Illinois Central 3s
100.000 Illinois Central 3Ms
16.000 Illinois Central 4s
50.000 Lake Shore & M. S. 3Ms
10.000 Maine Shore Line 6s
8.000 Michigan Central 4s
60.000 Mil., Lake Shore & W. 5s
15.000 Mil., Lake Shore & W. 6s
100.000 Minnesota & Iowa 3Ms
25.000 N. Y. C. & H. River 3Ms
9.000 N. Y., Lack. & West. 6s
25.000 New York & New Eng. 4s
25.000 N. Y., N. H. & H. 3Ms
250.000 N. Y., N. H. & H. 4st
50.000 Old Colony 4s
$50,000 Princeton & N. W. 3Ms
25.000 Providence & Wore. 4s
50.000 St. J. & Lake Champ. 5s
10.000 Sullivan County 4s
18.000 Wore., Nash. & Roch. 4s
$1,854,000
Street Railway Bonds.
$100,000 Boston Elevated 4s
200.000 Boston Elevated 4 Ms
50,000 Boston & Northern 4s
100.000 West End 4s
$450,000
Bank Stocks.
Shs.
h*
30 Beverly Nl. Bank
25 Boylston Nl. Bk., Boston
155 First Nl- Bk., Boston
583 Merchants’ Nl. Bk., Boston
502 Nl. Bk. of Commerce, Boston
175 Nl. Shawmut Bk., Boston
80 Nl. Union Bk., Boston
223 Second Nl. Bk., Boston
63 State Nl. Bk., Boston
45 Nl. Grand Bk., Marblehead
$1,089,975
D a t e of E x a m in a t io n , October 1, 2, 3, 4.
A legal investment when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $50,000 not a legal investment.
[Pub. Doc.
REPORT OF THE
292
SALEM FIVE CENTS SAVINGS BANK, SALEM.
210 ESSEX STREET.
Incorporated March 9, 1855.
Number of corporators, 158; number of trustees, 29.
H e n b y A . H a l e , President.
J o h n S. W il l ia m s , Treasurer.
O b la n d o S. L e ig h t o n , Clerk o f the Corporation.
C. A b b o t t , W . K . B ig e l o w , H. M. B i x b y , F. A. B b o w n , H. M . B a t c h e l d e b ,
8. H . B a t c h e l d e b , W . O. C h a p m a n , W . R . C o l b y , L . H. C o l e , J. F . D a l t o n , C. H. D a n f o b t h ,
W . S. F e l t o n , H . A. H a l e , G. M . H a b b is , W . C. H a b b is , U. G. H a s k e l l , W . L . H y d e , W . M .
J e l l y , E . W . L o n g l e y , W . S. N e a l , A . H . P h ip p e n , C. E . P h ip p e n , C. W . R ic h a b d s o n , J. C .
R o b so n , M a t t h e w R o b so n , W . H . R o p e s , J. F. S m it h , N . G. S im o n d s , J. S. W il l ia m s .
Board o f Trustees: J.
Board o f Investm ent:
H. M . B a t c h e l d e b , F. A. B b o w n , W . R . C o l b y , H. A. H a l e , M a t t h e w R o b so n .
Auditing Comm ittee: W . S. F e l t o n ,
A. H . P h ip p e n , C . E. P h ip p e n .
Deposits draw interest from first day of February, M ay, August and November; dividends are pay
able February 8 and August 8. Business hours: 8.45 a .m . to 1.15 p .m .; also Saturdays, from
7 to 9 p . m ., for deposits only.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$1,848,300
1,799,000
173,000
181,700
20,000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
00
00
00
00
00
*4,022,000 00
*1,871,242
1,875,155
174,562
387,033
17,900
Book Value.
12
00
50
00
00
$4,325,892 62
787 loans on real estate (average o f each, $ 4 ,4 3 3 .8 7 ) .
.
.
.
132 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 1 4 ,0 0 0 ; assessed value, $ 1 4 6 ,0 0 0 )
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
■
.
.
.
.
.
.
.
$1,847,430
1,782,800
173,000
227,830
18,000
86
00
00
00
00
$4,049,060 86
3,489,459
2,104,200
114,000
235
128,990
11,940
00
00
00
74
63
23
. $9,897,886 46
Total Assets
Liabilities.
Due depositors on 26,706 accounts, averaging $340.31 each
.
.
.
.
.
$9,088,284 56
.
.
454,000 00
268,874 65
( Accounts opened during year, 4 .2 5 9 ; closed, 3 ,4 9 0 ; increase, 769)
Surplus: —
a. Guaranty fund ( 4 .9 9 % o f deposits; increase during year, $1 3 ,0 0 0 )
b. Profit and loss (increase during year, $ 1 2 6 ,0 3 1 .7 7 )
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Total Liabilities
.
.
.
$95,075 27
8,348 02
.
.
86,727 25
$9,897,886 46
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$23,626.77 118,185.42 $2,800.00
$799.88
$3,363.74 $48,775.81
Cost per $1,000 of assets
2 .3 9
1.84
.28
.08
.34
4 .9 3
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .2 6
Gross income received during the year, $441,126.99.
Rates on Invstements and Loans (Average on All, 4.67%).
Real estate loans (average rate, 4.89 per cent.): 4%, $105,500; 4)4% , $33,100;
$7,000; 4 % % , $83,500; 5%, *2,012,234; 5)4% , *3,000; 5)4% , *297,075; 6%,
4)4% , $895,500; 4)4% ,
$40,650; 6)4% , *3,300;
7%, $1,600; 73Ao%, $1,000.
Personal loans (average rate, 4.38 per cent.): 4%, *320,000; 4)4%, *25,000; 4)4% , *674,000; 4)4%»
$235,000; 4)4% , *617,900; 4 % % , *10,000; 4 )4% , *117,000; 5%, *9,700; 5)4% , $84,900; 5)4% ,
$10,700.
Bonds, stocks, etc. (average rate on book values, 4.63 per cent.): 3%, *45,000; 3)4% , *24,500; 3)4% ,
*28,100; 3.85%, $12,500; 4%, *1,298,000; 4)4%, $10,000; 4)4% , $1,377,700; 4)4% , *18,000; 5%,
$835,000; 6%, *213,500; 7%, *56,200; 8%, *32,500; 10%, *12,500; 12%, $52,500.
Number of loans not over $3,000 each, 491, amounting to $760,259.
I ll
real estate loans made during year, amounting to $331,784.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. <S.]
BANK COMMISSIONER.
293
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1912, 2%
Aug., 1912, 2%
Number of deposits during year, 38,005, amounting to
.
.
.
.
Number of withdrawals during year, 22,687, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
$165,125 33
169,289 81
1,827,110 29
.
.
.
$2,161,525 43
1,696,181 51
.
.
.
.
.
.
.
.
.
.
.
.
$465,343 92
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000 Massachusetts 3J4s
20.000 Auburn, N. Y., 4s
10.000 Augusta, Me., 4s
6.000 Beverly 4H>s
130,000 Boston 4s
12.000 Cambridge 4s
2.000 Chelsea 4s
8.000 Chicopee 4s
10.000 Dubuque, la., 4s
10.000 Everett 4s
25.000 Fort Wayne, Ind., 4J^s
5.000 Gloucester 4His
55.000 Grand Rapids, Mich., 4J^s
20.000 Haverhill 4s
29.000 Indianapolis, Ind., 4s
25.000 Kansas City, Mo., 4^3
5.000 Lawrence 4s
50.000 Los Angeles, Cal., 4Hs
25.000 Louisville, Ky., 4J^s
18.000 Lowell 4%s
20.000 Lynn 4s
20.000 Malden 4s
30.000 Marlborough 4s
6.000 Milwaukee, Wis., 5s
21.000 Minneapolis, Minn., 43^s
20.000 New Bedford 4s
26.000 New Britain, Ct., 4s
5.000 New London, Ct., 4s
30.000 Newton 4s
46.000 Portland, Ore., 5s
5.000 Saginaw, Mich., 4s*
10.000 Saginaw, Mich., 4J^s*
21.000 St. Paul, Minn., 4b£s
8.000 St. Paul, Minn., 5s
88,050 Salem 4s
50.000 Schenectady, N. Y., 4J^s*
18.000 Scranton, Pa., 4}^s
50.000 Springfield, 4s
40.000 Springfield, 0., 5s
20.000 Stamford, Ct., 4Hs
85.000 Syracuse, N. Y., 4Hj3
20.000 Taunton 4s
10.000 Terre Haute, Ind., 4s
97,700 Troy, N. Y., 43^s
62.000 Utica, N. Y., 4^s
60.000 Waterbury, Ct., 4^s
25.000 Wilkes-Barre, Pa., 4s
25.000 Wilkes-Barre, Pa., 4J^s
15.000 Woburn 5s
39.000 Woonsocket, R. I., 4Hs
12,500 Yonkers, N. Y., 5s*
5.000 Youngstown, 0., 5s
11.000 Abington 4s
9,600 Bedford 4s
$23,000 Clinton 4s
7,500 Danvers 4s
42.000 Framingham 4)^s
8.000 Gardner 4s
10.000 Great Barrington 4s
11.000 Hardwick 4s
12.500 Hudson 4s
10.000 Leominster 4s
10.000 Lincoln 4s
14.500 Littleton 4s
6.000 Mansfield 4s
25.000 Milford 4s
20.000 Orange 4s
4.000 Peabody 4Lás
3.000 Stoughton
24.000 Swampscott 4s
6.000 Watertown 4s
6.000 Westborough 4s
3.000 Winchester 4s
9.000 Shelburne Falls (F.D.) 4s
Public Funds, Notes.
20.000 Bristol Co. 4J^s
10.000 Brockton 3.75%
750 Everett 4s
10,030 Nashua, N. H.,
10.000 Amesbury 3% s
9.000 Bourne 3.85%
6.000 Groveland 4His
3,500 Middleton 3.85%
5,600 Plymouth 4s
8,100 Rowley 3%s
5.000 Saugus 4s
10.000 Wilmington 4s
$25,000 Joliet & No. Indiana 4s
56.000 Kal., Al. & Gr. Rapids 5s
25.000 Kankakee & Southwest. 5s
40.000 Louisville & Nashville 4J4s
50.000 Louisville & Nashville 5s
40.000 Mahoning Coal 5s
63.000 Maine Central 5s
15.000 Michigan Central 4s
100.000 Michigan Central 5s
55.000 Mil., L. S. & West. 5s
45.000 Mil, L. S. & West. 6s
40.000 Montana Cent. 5s
10.000 New Haven & Derby 5s
10.000 N. Y., Lack & West. 6s
70.000 N. Y., N. H. & H. 4sf
12.000 Northw. Union 7s
95.000 Old Colony 4s
15.000 Pitts., Va. & Charleston 4s
70.000 Ports., Gt. F. & Con. 4Hs
50.000 Rome, Watertown & Og. 5s
100.000 St. P., Minn. & Man. i y 2a
25.000 Western Pennsylvania 4s
37.000 Wümar & Sioux Falls 5s
25.000 Winona & St. Peter 7s
$1,799,000
Street Railway Bonds.
$50,000 Boston Elevated 4J^s
15.000 Lynn & Boston 5s
20.000 West End 4s
75.000 West End 4p£s
10.000 Western Mass. 5s
3,000 Worcester & Marl. 5s*
$173,000
$1,848,300
Railroad Bonds.
$13,000 Adirondack Ry. 4Hs
10.000 Boston & Albany 4s
50.000 Boston & Albany 4Hs
60.000 Boston & Maine 4^s
10.000 C., B. & Q. 4s
117.000 Chic., Mil. & St. Paul 5s
40.000 Chic., Mil. & St. Paul 6s
20.000 Chicago & Northw. 4s
120.000 Cleveland & Pitts. 4Hs
75.000 Concord & Montreal 4s
15.000 Danbury & Norwalk 5s
6,000 Danbury & Norwalk 6s
50.000 Delaware & Hudson 4s
25.000 Fitchburg 4L£s
70.000 Fre., Elk. & Mo. Valley 6s
45.000 Illinois Central 3s
Bank Stocks.
Shs.
100 Boylston Nl. Bk., Boston
225 First Nl. Bk., Boston
77 Fourth-Atlantic Nl. Bk., Boston
165 Nl. Bk. of Commerce, Boston
300 Nl. Shawmut Bk., Boston
100 Nl. Union Bk., Boston
65 Old Boston Nl. Bk., Boston
125 Second Nl. Bk., Boston
75 State Nl. Bk., Boston
50 Tremont Nl. Bk., Boston
40 Webster & Atlas Nl. Bk., Boston
60 Warren Nl. Bk., Peabody
25 First Nl. Bk., Salem
200 Mercantile Nl. Bk., Salem
450 Merchants Nl. Bk., Salem
100 National Exchange Bk., Salem
D a te o f E x a m in a t io n , July 17, 18, 19.
* Legal investments when made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t $35,000 not a legal investment.
REPO RT OF TH E
294
[Pub. Doc.
SEAMEN S SAVINGS BANK, PROVINCETOWN.
274 COMMERCIAL STREET.
Incorporated April 14, 1851.
Number of corporators, 52; number of trustees, 13.
L y s a n d e r N . P a in e , President.
W il l ia m H . Y o u n g , Treasurer.
M y r ic k C . Y o u n g , Clerk o f the Corporation.
M . C. A t w o o d , H. S. C o o k , J a m e s G if f o r d , A . P. H a n n u m , H. F. H o p k in s , H. P .
H u g h e s , J o seph M a n t a , G . F. M i l l e r , L. N. P a in e , A . L. P u t n a m , J. B. R ic h , J oh n R osen
t h a l , W . H. Y o u n g .
Board o f Trustees:
Board o f Investm ent: H .
S. C o o k , A. P . H a n n u m , G . F. M il l e r , L. N . P a in e , A. L. P u t n a m .
B. R ic h .
Auditing Comm ittee: M . C . A t w o o d , A . P . H a n n u m , J.
Deposits draw interest from first day of January, April, July and October; dividends are payable the
Friday preceding the third M onday of January and July. Business hours: 9 a . m . to 12 m . and
1 to 3 P.M.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Estimated
Market Value.
Par Value.
Assets.
$91,010
44.000
30.000
7,670
12.000
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
00
00
00
00
00
$91,638
40,892
29,200
14,607
10,740
$184,680 00
$187,077 75
342 loans on real estate {average o f each, $ 8 2 1 .1 2 )
.
.
.
.
.
.
105 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures ( estimated value, $ S ,0 0 0 ; assessed value, $ 7 ,5 5 0 ) .
Real estate b y foreclosure, etc. (assessed value, $ 7 ,4 5 0 )
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets
.
.
25
50
00
00
00
.
.
.
.
.
.
.
.
.
.
Book Value.
$91,010
43,045
29,200
6,640
10,801
00
00
00
00
25
$180,696 25
280,822
130,501
7,000
11,800
606
5,154
58
53
00
00
12
54
$616,581 02
Liabilities.
$582,965 15
Due depositors on 2,078 accounts, averaging $280.54 each
(Accounts opened during year, 2 7 5 ; closed, 2 6 0 ; increase 15)
Surplus: —
a. Guaranty fund (3 .3 9 % o f deposits; increase during year, $ 2 ,1 2 7 .1 9 )
b. Profit and loss (increase during year, $ 8 5 4 .3 3 )
Current incom e: —
a. Interest .
.
.
.
.
.
.
$10,389 17
b. R e n t ................................................................
79 00
19,749 19
4,788 66
$10,468 17
Less current expenses not charged off
.
Less State or local taxes not charged off .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$1,215 31
174 84
1,390 15
9,078 02
Total Liabilities
.
.
.
.
.
$616,581 02
No. 8.]
BANK COMMISSIONER.
295
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,206.62
$2,749.14
$400.00
$7.00
$938.47
$5,301.23
Cost per $1,000 of assets
1.95
4 .4 5
.65
.01
1.52
8 .5 8
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
5 .9 8
Gross income received during the year, $29,463.58.
Rates on Investments and Loans (Average on All, 5.19%).
(average rate, 5.68 per cent.): 5%, $47,900; 5b£%, $4,000 ; 5J^%, $77,050; 6%,
$151,872.58.
P ersonal loans (average rate, 5.33 per cent.): 4 )4 ,% , $10,000; 4 % % , $10,000; 4 S4 % , $10,000; 5%,
$19,988.50; 5 1 4 % , $44,400; 6%, $36,113.03.
B onds, stocks, etc. (average rate on book values, 4.33 per cent.): 3J^%, $5,000; 4%, $111,300; 4 1 4 % ,
$57,910; 5%, $5,800; 5 } 4 % , $400; 7%, $1,000; 8%, $2,000; 10%, $500.
Real estate loans
Number of loans not over $3,000 each, 421, amounting to $263,987.38.
71 real estate loans made during year, amounting to $41,066.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1912, 1M%
July, 1912, l % %
Number of deposits during year, 1,914, amounting to
$9,119 21
9,460 30
135,667 09
$154,246 60
134,791 25
Number of withdrawals during year, 1,862, amounting to
Net increase in amount due depositors
$19,455 35
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$8,000 Washington Co., Me., 4s*
6.000 Bay City, Mich., 4s
10.000 Boston 4s
5.000 Burlington, Vt., 4s
5.000 Chicago, 111., 4s
5.000 Gloucester 4s
10.000 Kansas City, Mo., 4 x/%%
2.000 Lowell 4s
3,600 Malden 4s
7,500 Milwaukee, Wis., 4}4 b
5.000 New Bedford 4s
1.000 Quincy 4s
7.000 Quincy 4Ms
3.000 Barnstable 4s
3.000 Provincetown 4}4 b
Public Funds, Notes.
$5,410 Provincetown 4J4s
4,500 Provincetown 5s
$91,010
$30,000
Railroad Bonds.
$5,000 Boston & Maine 4s
5.000 Boston & Maine 4}4s
1.000 C., B. & Q. 4s
5.000 Illinois Central 3}4s
5.000 Illinois Central 4s
5.000 Lime Rock 4s*
13,000 N. Y., N. H. & H. 4s
5.000 Old Colony 4s
$44,000
D a te of E x a m in a t io n , July 25, 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
$10,000 Boston Elevated 4 ^ s
10.000 Boston & Northern 4s
10.000 West End 4}4s
* Legal investments when made.
Bank Stocks.
Shs.
20 Eliot Nl. Bk., Boston
25 Nl. Bk. of the Republic, Boston
22 Tremont Nl. Bk., Boston
17 Second Nl. Bk., Boston
10 State Nl. Bk., Boston
4 Webster & Atlas Nl. Bk., Boston
5 Home Nl. Bk., Brockton
13 First Nl. Bk., Provincetown
296
REPO RT OF TH E
[Pub. Doc.
SHELBURNE FALLS SAVINGS BANK, SHELBURNE FALLS.
552 BRIDGE STREET.
Incorporated March 28, 1855.
Number of corporators; 29, number of trustees, 11.
G e o r g e W . J e n k s , President.
W il f r e d S. B a l l , Treasurer.
H e r b e r t N e w e l l , Clerk o f the Corporation.
W . S. B a l l , F. J. C a n e d y , C . W . H a w k s , G . W. J e n k s , H e r b e r t
N e w e l l , F. H. O a k m a n , F. R . P r a t t , F. L. R e e d , C. D . S p e n c e r , M . Z. W o o d w a r d .
Board o f Trustees: E d w in B a k e r ,
Board o f Investm ent: E d w in B a k e r , W . S. B a l l , C . W . H a w k s .
A uditing Comm ittee:
G. W . J e n k s , M . Z. W o o d w a r d , F. L. R e e d .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
April 10 and October 10. Business hours: 9 a . m . to 3 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Stocks of banks and trust companies
American Tel. & Tel. Co. bonds
Par Value.
$128,850
' 535,000
120,000
19,800
38,000
00
00
00
00
00
$841,650 00
Estimated
Market Value.
Book Value.
$127,500
479.825
114.825
28,350
34,010
$128,850
524,817
120,000
19,800
35,645
00
00
00
00
00
$784,510 00
231 loans on real estate (average o f each, $ 4 ,3 9 7 .8 6 ) .
.
.
.
.
.
.
20 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 1 0 ,0 0 0 ; assessed value, $ 6 ,9 0 0 )
.
.
Real estate b y foreclosure, etc. (assessed value, $ 2 3 ,0 0 0 ) .
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................
Total Assets
00
22
00
00
88
$829,113 10
$1,015,905
48,675
9,000
8,842
23,753
520
00
00
00
26
24
75
.
.
.
.
.
$1,935,809 35
.
.
.
.
.
$1,817,196 34
Liabilities.
Due depositors on 4,905 accounts, averaging $370.48 each
{Accounts opened during year, 4 8 6 ; closed, 4® 0; increase, 66)
Surplus: —
a. Guaranty fund {4 .9 8 % o f deposits; increase during year, $ 1 ,9 5 6 .1 1 ) .
.
.
b. Profit and los3 {increase during year, $ 2 ,1 0 0 .8 7 )
.
.
.
.
.
.
Current incom e: —
I n t e r e s t ..................................................... ..........
$19,735 75
Less current expenses not charged off
.
.
.
.
.
347 35
-----------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
90,527 58
8,697 03
19,388 40
. $1,935,809 35
No.
BANK COMMISSIONER.
297
Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising.
Amount paid for
$5,157.69
$2,732.47
$262.50
$62.00
Cost per $1,000 of assets
2 .6 6
1.41
.13
.03
.
.
.
Cost per $1,000 of assets not including State tax and rent .
Other Expenses.
$943.09
.49
.
.
Total.
559,157.75
4 .7 2
1.93
Gross income received during the year, $85,780.01.
Rates on Investments and Loans (Average on All, 4.52%).
Real estate loans (average rate, 4.96 per cent.): 4 % % , $200,000; 5%, $805,515; 6%, $10,390.
Personal loans (average rate, 4.84 per cent.): 4J^%, $25,000; 5%, $18,925; 6%, $4,750.
B onds, stocks, etc. (average rate on book values, 3.97 per cent.): 3%, $10,000; 3J^%, $325,000;
4%,
$403,000; 4 ^ % , $83,850; 6%, $3,000; 7%, $16,800.
Number of loans not over $3,000 each, 180, amounting to $201,280.
53 real estate loans made during year, amounting to $480,775.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 2%
Oct., 1912, 2%
Number of deposits during year, 3,241, amounting to
$34,828 23
35,080 97
236,429 90
Number of withdrawals during year, 2,662, amounting to
Net increase in amount due depositors
.
.
.
.
.
.
.
.
.
.
.
.
$306,339 10
280,010 76
.
$26,328 34
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3}^s
15.000 Belfast, Me., 4s
40.000 Chicago, 111., 4s
10.000 Providence, R. I., 4s
20.000 Stamford, Ct., 4s
10.000 Taunton 4s
15.000 Shelburne 4s
Public Funds, Notes.
6,000 Buckland 4)^s
2,850 Shelburne Falls (F.D.) 4)/^s
$128,850
Railroad Bonds.
$20,000 Boston & Maine 4s
30.000 Boston & Maine 4)^s
65.000 C., B. & Q. 3^s
10.000 Cleveland & Pitts. 4J^s
10.000 Concord & Montreal 4s
40.000 Fitchburg 4s
10.000 Fitchburg 4J^s
10.000 Illinois Central 3s
90.000 Illinois Central 3Ks
65.000 Michigan Central 3J^s
35.000 N. Y. C. & H. R. 3J^s
10.000 N. Y. & N. E. Term. 4s
25.000 N. Y., N. H. & H. 3^s
30.000 N. Y., N. H. & H. 4s
20.000 Old Colony 4s
10.000 Providence Term. 4s
35.000 Sioux City & Pac. 3J^s
D a t e of E x a m in a t io n , July 31.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000 Western Pennsylvania 4s
10,000 Wore., Nash. & R. 4s
$535,000
Street Railway Bonds.
$75,000 Boston Elevated 4s
25.000 Boston Elevated 4}^s
20.000 Springfield 4s
$120,000
Bank Stocks.
Shs.
30 First Nl. Bk., Northampton
30 North Adams Nl. Bk.
138 Shelburne Falls Nl. Bk.
298
REPO RT OF TPIE
[Pub. Doc,
SOMERVILLE SAVINGS BANK, SOMERVILLE.
57 U N IO N SQU ARE.
Incorporated February 24, 1885.
Number of corporators, 40; number of trustees, 19.
J. W a l t e b S a n b o r n , President.
F r e d e r ic W . S t o n e , Treasurer.
T h o m as M il l e r , Clerk o f the Corporation.
A. F. C a r p e n t e r , E . A . D a v e n p o r t , P h il ip E b e r l e , A . B . F a l e s ,
L. W . F a r m e r , J. O. H a y d e n , W . S. H o w e , F . P. L a d d , G. W . L a d d , H. P. M a k e c h n ie , T h o m a s
M i l l e r , A . A . P e r r y , J. W . S a n b o r n , E . S. S p a r r o w , F . W . S t o n e , A. P . V i n a l , W . E . W h it n e y ,
W . H. W o o d b e r r y .
Board o f Trustees: C . L . B a x t e r ,
Board o f Investm ent:
J. W . S a n b o r n , P h il ip E b e r l e , F. P. L a d d , W . E. W h it n e y , A. F. C a r p e n t e r .
A uditing Comm ittee:
J. W . S a n b o r n , T h o m as M il l e r , E. A . D a v e n p o r t .
Deposits draw interest from first day of March, June, September and December; dividends are pay
able June 15 and December 15. Business hours: 9 a .m . to 1 r.M.; Saturdays, 9 a . m . to 12 m .;
also Mondays, 7.30 to 8.30 p . m .
STA T E M E N T OF C O N D IT IO N , O C T O B E R 31, 1912.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
Street railway bonds
.
.
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
Securities acquired in settlement
Par Value.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
of indebtedness
.
.
.
.
.
$463,654
311,000
73,000
50,000
30.000
23,000
00
00
00
00
00
00
$950,654 00
Estimated
Market Value.
$459,357
287,912
70,990
48,000
26,850
8,000
14
50
00
00
00
00
$901,109 64
Book Value.
$462,297
306,618
73,000
50,000
27,362
10,000
13
43
00
00
50
00
$929,278 08
$1,295,548 85
450 00
583 loans on real estate (average o f each, $ 2 ,2 2 1 .4 4 ) ■
Less amount due on uncompleted loans .
1,295,098
96,761
540
15,109
43,575
4,615
7 loans on personal security .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
85
50
41
67
26
05
$2,384,978 80
Total Assets
Liabilities.
$2,235,566 22
Due depositors on 12,017 accounts, averaging $186.03 each
(Accounts opened during year, 1 ,4 7 1 ; closed, 1 ,8 3 0 ; decrease, 359)
Surplus: —
a. Guaranty fund (3 .8 7 % o f deposits; increase during year, $ 7 ,0 0 0 )
b. Profit and loss (increase during year, $ 8 ,7 9 1 .2 5 )
Current income: —
Interest
.
.
.
.
.
.
.
Less current expenses not charged off
Suspense account
.
.
.
.
.
86,500 00
21,644 49
$43,145 11
2,677 02
40,468 09
800 00
.
Total Liabilities
.
$2,384,978 80
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,807.67
$4,775.00
$600.00
$1,321.45 $10,504.12
Cost per $1,000 of assets
1.60
2 .0 0
.25
.55
4 .4 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .55
Gross income received during the year, $103,949.28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
299
BANK COMMISSIONER.
No. 8.
Rates on Investments and Loans (Average on All, 4.50% ).
Real estate, loans
(average rate, 4.98 per cent.): 4 A % > $64,000; 5%, $1,223,778.85; 5J^%, $6,020; 6%,
$1,300.
Personal loans (average rate, 4.64 per cent.): 4%,
B onds, stocks, etc. (average rate on book values,
$55,000; 5%, $1,761.50; 5 A % < $40,000.
3.83 per cent.): 3%, $13,629; 3 A % i $298,325; 3 % % ,
$10,000; 4%, $518,700; 4 ^ % , $35,000; 5%, $51,000; 7%, $1,000.
Number of loans not over $3,000 each, 467, amounting to $792,569.99.
93 real estate loans made during year, amounting to $225,000.
Dividends, Deposits and Withdrawals.
$34,934 36
35,715 55
617,783 72
Ordinary dividends declared during year: D ec., 1911, 1 ^ %
June, 1912, 1 % %
Number of deposits during year, 17,493, amounting to
Number of withdrawals during year, 11,119, amounting to
.
.
.
.
.
$688,433 63
612,068 46
$76,365 17
Net increase in amount due depositors
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$36,000 Massachusetts 3}^s
10.000 Albany, N. Y., 4s
8.000 Barre, Vt., 3 A s
5.000 Boston 3 A s
28.000 Boston 4s
4,950 Brockton 3%s
10,100 Brockton 4s
1.000 Buffalo, N. Y., 7s
5.000 Chicago, 111., 4s
8.000 Chicago, 111., 5s
5.000 Fall River 3 A s
7.000 Fall River 4s
2.000 Grand Rapids, Mich., 4J^s
3.000 Indianapolis, Ind., 4s
5.000 Joplin, Mo., 5s
3.000 Lowell 4s
5.000 Malden 3 A s
30.000 Medford 4s
7.000 Milwaukee, Wis., 4s
5.000 Minneapolis, Minn. 3J^s
5.000 Minneapolis, Minn., 4s
25.000 New Bedford 4s
5.000 New London, Ct., 3J/>s
4.000 New London, Ct., 4s
5.000 Quincy 3J^s
4.000 Quincy 4s
5.000 Schenectady, N. Y., 4s*
10.000 Somerville 3J^s
19.000 Somerville 4s
5.000 So. Norwalk, Ct., 4s
3.000 Terre Haute, Ind., 4s
5.000 Vergennes, Vt., 4s
5.000 Willimantic, Ct., 4s
20.000 Woburn 4s
3.000 Woonsocket, R. I., 4s
$3,000 Brooklyn, Ct., 4s
10.000 Mansfield 4s
1.000 Marion 4 A s
15.000 Meriden, Ct., 3J^s
1.000 Methuen 4s
5.000 Milton 3 A s
2.000 Norwood 4s
1.000 Peabody 4s
5.000 Saugus 4s
8.000 Stoneham 4s
5.000 Suffield, Ct., 4s
2.000 Westerly, R. I., 4s
15.000 Westfield 4s
1.000 Adams (F. D.) 4s
10.000 Augusta, Me. (W. D)., 4s
5.000 Br. & Tops., Me. (W .D.), 4s
5.000 Kennebec, Me. (W. D.), 3 A s
4.000 Van Buren, Me. (W. D.), 4s
Public Funds, Notes.
9.000 East Bridgewater 4s
13,629 Needham 3s
2,800 Norton 4s
3.000 Randolph 4s
10.000 Scituate 3%s
10.000 Scituate 4s
800 Wayland 4s
5,375 Winthrop 3 A S
$463,654
Railroad Bonds.
$7,000 Bangor & Aroostook 5s
5,000 Boston & Albany 3 A s
D a t e of E x a m in a t io n , January 10, 11, 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A legal investment when made.
$44,000 Boston & Albany 4s
2.000 Boston & Maine 4s
13.000 Boston & Maine 4)^s
10.000 Boston, R. B. & L. 4 A s
15.000 C., B. & Q. 3 A s
10.000 C., B. & Q. 4s
17.000 Concord & Montreal 4s
15.000 Fitchburg 4s
1.000 Fitchburg 4 A s
29.000 Illinois Central 3 A s
1.000 Maine Central 5s
10.000 Michigan Central 3 A s
30.000 N. Y. C. & H. R. 3 A s
30.000 N. Y., N. H. &. H. 3 A s
25.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
2.000 Old Colony 4s
5.000 Penobscot Shore Line 4s
5.000 Peoria & Northwestern 3 A s
5.000 Providence Term. 4s
10.000 St. J. & L. Champlain 5s
5.000 Sioux City & Pacific 3 A s
$311,000
Street Railway Bonds.
$10,000 Boston Elevated 4s
8.000 Boston Elevated 4 A s
5.000 Lynn & Boston 5s
50,000 West End 4s
$73,000
300
REPO RT OF THE
[Pub. Doc.
SOMERVILLE INSTITUTION FOR SAVINGS, SOMERVILLE.
84 BROADW AY.
Incorporated March 9, 1910.
Number of corporators, 64; number of trustees, 22.
N a t h a n H . R e e d , President.
R a y R . R id e o u t , Treasurer.
T h o m a s L. D a v i s , Clerk o f the Corporation.
J. M . A n d r e w s , C. A . B u r n s , F . L. C o b u r n , L. M . C o n w e l l , T . L. D a v i s , G. H.
D r e s s e r , W il l ia m F l e m in g , E l l s w o r t h F i s k , E . F . H a n s c o m , W . W . K e n n a r d , G. S. L o v e jo y ,
J. H. M a g u ir e , J. F . M il l s , J. F . M i x e r , G. W . P e r k in s , J. 8. P i k e , E . L. P r id e , N. H. R e e d ,
R . R . R id e o u t , W . L. S n o w , F . F . St o c k w e l l , A . P . S t o n e .
Board o f Trustees:
Board o f Investm ent:
N. H . R e e d , J. M . A n d r e w s , A . P . S t o n e , E. F . H a n s c o m , W . L. S n o w .
A uditing Comm ittee:
E. L . P r id e , J. S. P i k e , W . W . K e n n a r d .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
third Saturday of April and October. Business hours: 9 a . m . to 12 m .; 2 to 4 p .m .; also Sat
urdays, 7 to 8.30 p . m ., except during July and August.
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
Market Value.
Par Value.
i
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. C o. bonds
32 loans on real estate (average o f each, $ 2 ,8 0 4 .6 9 ) .
11 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.
*5,000 00
4.000 00
2.000 00
*4,630 00
3,600 00
1,790 00
$4,735 00
3,720 00
1,808 75
*11,000 00
*10,020 00
*10,263 75
.
.
.
89,750 00
23,850 00
1,300 00
5,396 03
1,953 54
.
$132,513 32
.
.
.
.
.
.
' .
.
Book Value.
.
.
.
.
.
.
Total Assets
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Liabilities.
Due depositors on 864 accounts, averaging *151.24 each .
$130,671 20
(Accounts opened during year, 5 1 3 ; closed, 1 3 8 ; increase, 375)
Surplus: —
a. Guaranty fund (.5 1 % o f deposits; increase during year, $3 3 6 ) .
b. Profit and loss (increase during year, $ 4 1 5 .6 3 )
Current incom e: —
Interest
.
.
.
.
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities
.
.
668 00
875 21
110 98
187 93
.
.
.
$132,513 32
301
BANK COMMISSIONER.
No. 8.]
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$177.73
$289.00
$199.92
$10.50
$240.82
Cost per $1,000 of assets
1.34
2 .1 8
1.51
.08
1.82
Cost per $1,000 of assets not including State tax and rent .
.
.
.
•
•
Total.
$917.97
4 .0 8
Gross income received during the year, $5,791.23.
Rates on Investments and Loans (Average on All, 5.12% ).
Real estate loans (average rate, 5.27 per cent.): 5%, $32,500; 5 $ i % , $24,950; 5J^%, $28,400; 6%, $3,900.
Personal loans (average rate, 4.91 per cent.): 4J^%, $12,500; 5%, $3,800; 5J^%, $6,800; 6%, $750.
B onds, stocks, etc. (average rate on book values, 4.29 per cent.): 4%, $11,000.
Number of loans not over $3,000 each, 29, amounting to $55,400.
7 real estate loans made during year, amounting to $23,200.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1912, 1 % %
Oct., 1912, 1
Number of deposits during year, 2,091, amounting to
N um ber
of withdrawals during year, 904, amounting to
N et increase in amount due depositors
SCHEDULE
.
OF
.
$5,000
op
E x a m in a t io n ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
September 30, October 1.
.
.
SECURITIES
Railroad Bonds.
$2,000 Boston & Maine 4s
3,000 N. Y ., N. H. & H. 4s
D ate
.
.
.
.
.
..........................................
.
.
.
.
.
.
.
$1,768 10
1.980 16
68,430 97
.
.
$72,179 23
.46,591 50
.
.
$25,587 73
OWNED.
Street Railway Bonds.
$4,000 Boston & Northern 4s
302
[Pub. Doc.
REPO RT OF TH E
SOUTH ADAMS SAVINGS BANK, ADAMS.
26 CENTRE STREET.
Incorporated M ay 1, 1869.
Number of corporators, 33; number of trustees, 11.
F r a n c is E. M o l e , President.
G e o r g e H . H o l d e n , Treasurer.
W il l ia m S. M o r t o n , Clerk o f the Corporation.
N . H . B i x b y , J. C. C h a l m e r s , G. Z. D e a n , A. S. H a r r in g t o n , G. H . H o l d e n ,
F. E. M o l e , W . S. M o r t o n , W il l ia m O r r , Jr., C. F. S a y l e s , A. H . S im m o n s , C . F. S m it h .
Board o f Trustees:
Board o f Investm ent:
N. H. B i x b y , A. S. H a r r in g t o n , J. C. C h a l m e r s , F. E . M o l e , C. F. S m it h .
Auditing Com m ittee:
W . S. M o r t o n , A. H. S im m o n s , C. F. S m it h .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 12.30 p . m .; 1.30 to 3 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Stocks of banks and trust companies
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
$335,991
297,500
90.000
19,400
25.000
12
00
00
00
00
Estimated
Market Value.
Book Value.
$332,744
278,305
86,555
21,780
22,375
$334,135
295,043
88,772
19,400
23,127
79
00
00
00
00
$741,759 79
$767,891 12
33
75
50
00
50
$760,479 08
$696,796
54,131
4,000
5,799
39,584
6,006
458 loans on real estate {average o f each, $ 1 ,5 2 1 .3 9 ) .
43 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. {assessed value, $ 6 ,2 0 0 )
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
25
28
00
77
77
61
$1,566,797 76
Total Assets
Liabilities.
Due depositors on 3,643 accounts, averaging $407.96 each
.
.
.
.
.
$1,486,161 94
{Accounts opened during yea r, 5 5 9 ; closed, 4 2 2 ; increase, 137)
Surplus' —
a. Guaranty fund {4 .1 7 % o f deposits; increase during year, $ 3 ,8 0 0 )
b. Profit and loss {decrease during year, $ 3 5 4 -5 6 )
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Total Liabilities
.
.
.
.
62,000 00
9,889 49
$10,345 50
1,599 17
-----------------------
8,746 33
.
.
.
.
.
.
.
$1,566,797 76
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Amount paid for
$2,784.65
$3,174.63
$800.00
$67.00
$773.97
Cost per $1,000 of assets
1.78
2 .03
.51
.04
.49
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $69,111.44.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total.
$7,600.25
4 .85
2 .5 6
BANK COMMISSIONER.
No. 8.
303
Rates on Investments and Loans (Average on All, 4.57%).
Real estate loans (a v e r a g e r a t e , 5 .0 3 p e r c e n t .) : 5 % , $ 6 7 4 ,0 2 3 .0 4 ; 6 % , $ 2 2 ,7 7 3 .2 1 .
Personal loans (a v e r a g e r a t e , 5 .3 0 p e r c e n t .) : 5 % , $ 3 8 ,1 3 0 .9 6 ; 6 % , $ 1 6 ,0 0 0 .3 2 .
Bonds , stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .1 0 p e r c e n t .) : 3 J ^ % , $ 1 7 4 ,7 1 6 .1 2 ; 3% % , $ 6 ,0 0 0 ; 4 % ,
\y2%, $ 4 8 ,0 0 0 ;
$ 4 5 3 ,7 7 5 ; 4 M % , $ 5 ,0 0 0 ;
5 % , $ 5 4 ,1 0 0 ; 6 % , $ 2 2 ,0 0 0 ; 7 % , $ 3 ,8 0 0 ; 8 % , $ 5 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 4 5 0 , a m o u n t in g t o $ 4 4 1 ,3 4 6 .5 7 .
6 8 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 9 0 ,3 2 3 .
Dividends, Deposits and Withdrawals.
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , 2
%
N u m b e r o f d e p o s it s d u r in g y e a r , 3 ,7 6 5 , a m o u n t in g t o
.
.
.
.
.
.
.
....................................................
.
.
.
$ 2 6 ,5 8 4 74
2 7 ,7 6 0 6 3
2 9 5 ,4 5 9 2 9
$ 3 4 9 ,8 0 4 6 6
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 ,6 8 9 , a m o u n t in g t o
N e t in c r e a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
2 4 0 ,9 6 5 7 7
.
$ 1 0 8 ,8 3 8 8 9
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000
8.000
7,216
4,500
5.000
5.000
5.000
5.000
2.000
5.000
5.000
2.000
10.000
5.000
5,950
5.000
5.000
500
13.000
20.000
5.000
5.000
7.000
10.000
5.000
5.000
3.000
2.000
5.000
2.000
10.000
8.000
6.000
12.000
10.000
Augusta, M e., 4s
Boston 3J^s
Buffalo, N . Y „ %y2a
B rockton 3J^s
Chelsea 3 ^ s " '
Chelsea 4s
Chicopee 4s
D ayton, Ohio, 5s
D anbury, C onn., 3J^s
Fall R iver 4s
Fall R iver 4)^s
Fitchburg 4s
La Crosse, W is., 4s
Los Angeles, Cal., 4J^s
Lowell 4s
M elrose 4s
M eriden. C onn., 3J^s
M ilwaukee, W is., 3)^s
N ew Bedford 4s
N ew Britain, Conn., 4s
N ew London, C t., 4s
Omaha 4}^s
Pittsfield 3}^s
Stam ford, Ct., 4s
Springfield, M o., 5s
T roy , N . Y ., 4J,^s
Utica, N . Y ., 4)^s
W orcester 4s
Youngstow n, 0 ., 4s
Adam s 4s
Athol 4s
D alton 4s
D edham 4s
M ansfield 4s
N orw alk, C t., 4s
D ate
of
$5,000 N orth Attleboro 4s
8.000 Sudbury 4s
10.000 Shelburne Falls 4s
5.000 Uxbridge 4s
5.000 W esterly, R . I., 3y2s
5.000 Adam s (F. D .), 5s
10.000 K ennebec M e. (W . D .), 3L£s
Public Funds, Notes.
23.000
6.000
23.000
3.500
2,625
5,200
4.500
2.000
Berkshire Co. 4s
Adam s 3 % s
Adam s 4s
Cheshire 4s
Revere 4s
Scituate 4s
W are 4s
Adam s (F. D .) 4s
$335,991
Railroad Bonds.
$5,000
5.000
5.000
15.000
20.000
5.000
25.000
7.000
25.000
5.000
15.000
5.000
5.000
15.000
Baltim ore & Ohio 3J^s
B oston & Lowell 4s
Bangor & A roostook 5s
B oston & Albany 3JAs
B oston & Albany 4s
B oston & M aine 3}4s
B oston & M aine 4s
Burlington & M . R . 6s
C ., B . & Q. Sy2s
Chicago & Northwestern 4s
Chicago & Northwestern 6s
Chic., M il. & St. Paul 4s
C oncord & M ontreal 4s
Delaware & H udson Co. 4s
E x a m in a t io n , M a rch 27, 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* L e g a l in v e s t m e n t s w h e n m a d e .
$25,000
5.000
20,500
10.000
5.000
20.000
10.000
10.000
5.000
10.000
5.000
10.000
5 000
Fitchburg 4s
G t. Northern i}4s
Illinois Central 3pí¡s
Illinois Central 4s
Milwaukee & Northern 4p£s
N . Y ., N . H . & H . 3Ms
N . Y ., N . H . & H . 4s
N o. M aine Seaport 5s
Penobscot Shore Line 4s
Peoria & Northwestern 3J^s
Prince. & N orthw . 3y¡s
Sioux C ity & Pacific 3 y s
W ashington Co. 3J^s
$297,500
Street Railway Bonds.
$10,000
10.000
15.000
10.000
10.000
25.000
10.000
B oston FJevated 4s
B oston Elevated 4J^s
B oston & N orthern 4s
H oosac Valley 4s*
H oosac Valley 5s*
W est End 4s
W est Ehd 4L£s
$90,000
Bank Stocks.
Shs.
136 First N l. B k ., Adam s
10 Conw ay Nl. Bk.
5 Lenox N l. Bk.
12 L ee N l. Bk.
21 N orth Adam s Nl. Bk.
5 Th ird Nl. B k ., Pittsfield
5 W illiamstown Nl. Bk.
304
REPORT OF THE
[Pub. Doc.
SOUTH BOSTON SAVINGS BANK, BOSTON.
368 BR OADW AY (SOUTH BOSTON DISTRICT).
In co rp o ra te d M a rch 30, 1863.
G eobgb
A. T
yler
,
President.
E dw ard
E d w in
Board of Trustees: E . H .
le y
N u m b e r o f c o r p o r a t o r s , 7 4 ; n u m b e r o f tr u s t e e s, 2 2 .
B. G
,
allagher
H. B
arton
,
Treasurer.
Clerk of the Corporation.
B a k e r , E . S. B o l a n d , G . H . B o n d , H . J. B o w e n , R . M . B o w e n , J . P . B r a d
, E . A . C h u r c h , C . T . G a l l a g h e r , R . E . H a r r is o n , F . C . H e r s e y , A . H . Ja m e s , W a l t e r
J e n n e y , G . F . L a w l e y , J. A . M it c h e l l , J. C . N ic h o l s , D e n n is O ’ C a l l a g h a n , W . H . H . S o u l e ,
J. L . S p a u l d in g , J r ., W . P . S t o n e , G . A . T
Board of Investment: G . A .
J. C . N
Auditing Committee:
yler
, A . H . W h i t e , J. J. W a l l .
T y l e r , C . T . G a l l a g h e r , G . H . B o n d , J. A . M it c h e l l , E . H . B a k e r ,
ic h o l s ,
W alter
J e n n e y , J . L . S p a u l d i n g , J r ., A . H . W h i t e .
W a l t e r J e n n e y , F. C . H e r s e y , W . P . St o n e , R . M . B o w e n .
D e p o s it s d r a w in t e r e s t f r o m t h e t h ir d W e d n e s d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r - d iv id e n d s a r e
p a y a b le t h e first d a y o f M a y a n d N o v e m b e r .
B u s in e s s h o u r s : 9 a . m . t o 3 p . m . ; S a t u r d a y s , 9 a . m .
t o 1 p . m ., a ls o M o n d a y s , f o r d e p o s it s o n l y , 7 t o 9 p . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estimated
M arket Value.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
R a ilr o a d b o n d s a n d n o t e s
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
.
.
.
A m e r ic a n T e l. & T e l . C o . b o n d s
.
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
$ 1 ,1 5 8 ,0 0 0
1 ,0 7 6 ,0 0 0
2 7 ,3 0 0
1 5 0 ,0 0 0
5 0 .0 0 0
1 8 .0 0 0
00
00
00
00
00
00
$ 2 ,4 7 9 ,3 0 0 0 0
1 ,5 8 5 lo a n s o n r e a l e s t a t e {average of each,
L e s s a m o u n t d u e o n u n c o m p le t e d lo a n s .
$2,441.49)
.
.
.
.
.
.
.
.
$ 1 ,1 4 0 ,3 2 7
1 ,0 4 0 ,6 4 2
5 6 ,3 2 5
1 4 4 ,0 0 0
4 4 ,7 5 0
7 ,4 0 0
B ook Value.
50
50
00
00
00
00
$ 2 ,4 3 3 ,4 4 5 0 0
$ 1 ,1 5 8 ,0 0 0
1 ,0 7 1 ,5 6 8
2 7 ,3 0 0
1 5 0 ,0 0 0
4 6 ,3 8 7
9 ,0 9 2
00
75
00
00
50
50
$ 2 ,4 6 2 ,3 4 8 7 5
$ 3 ,8 9 1 ,0 7 0 0 0
2 1 ,3 0 0 0 0
3 ,8 6 9 ,7 7 0
1 ,8 1 3 ,0 0 0
5 0 ,0 0 0
4 ,6 6 2
2 1 4 ,3 8 5
1 3 ,7 6 9
63 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $114,600; assessed value, $64,000 )
R e a l e s t a t e b y fo r e c lo s u r e , e t c . (assessed value, $5,500)
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
.
.
C a s h a n d c a s h it e m s
.
.
.
.
.
.
.
.
.
.
.
Total Assets
00
00
00
04
69
88
$3,427,936 36
Liabilities.
D u e d e p o s it o r s o n 2 8 ,6 4 6 a c c o u n t s , a v e r a g in g $ 2 7 7 .1 0 e a c h
.
$ 7 ,9 3 7 ,8 4 0 71
(Accounts opened during year, 3,508; closed, 2,931; increase, 577)
S u r p lu s : —
a. G u a r a n t y f u n d {4.94% of deposits; increase during year, $22,327)
b. P r o fit a n d lo s s {decrease during year, $44,482.67) .
C u rre n t in c o m e : — •
a. I n t e r e s t .
.
.
.
.
.
.
$ 1 4 ,2 8 9 98
b. M is c e lla n e o u s .
.
.
.
.
.
309 44
$ 1 4 ,5 9 9 4 2
2 ,8 2 6 33
--------------------
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3 9 2 ,5 0 5 0 0
8 5 ,8 1 7 5 6
Total Liabilities
1 1 ,7 7 3 0 9
. $8,427,936 36
No.
BANK COMMISSIONER.
305
T otal Expenses for the Year, including State Taxes.
State T a x (N e t).
Salaries.
R en t.
Advertising.
A m o u n t p a i d fo r
$ 1 4 ,3 3 8 .3 4
$ 1 9 ,5 7 5 .0 0
$ 1 ,8 0 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a s s e t s
1 .7 0
2 .3 2
.2 1
C o s t p e r $ 1 ,0 0 0 o f a s s e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Other Expenses.
T otal.
$ 3 ,0 0 2 .8 3
.3 6
$ 3 8 ,7 1 6 .1 7
4 .5 9
-
2.68
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 3 5 8 ,9 6 1 .0 9 .
Rates on Investments and Loans (Average on All, 4.59%).
Real estate loans (a v e r a g e r a t e , 5 .0 1 p e r c e n t .) : 5 % , $ 3 ,8 0 2 ,8 8 0 ; 5 J ^ % , $ 1 4 ,2 0 0 ; 6 % , $ 5 2 ,6 9 0 .
Personal loans (a v e r a g e r a t e , 4 .5 2 p e r c e n t .) : 4 % , $ 2 3 0 ,0 0 0 ; 4 M % > $ 5 2 9 ,0 0 0 ; 4 % % , $ 1 7 5 ,0 0 0 ; 4 J ^ % ,
$ 3 4 9 ,0 0 0 ; 4 ^ % , $ 7 5 ,0 0 0 ; 4 % % , $ 7 5 ,0 0 0 ; 5 % , $ 1 1 0 ,0 0 0 ; 5 M % . $ 1 7 5 ,0 0 0 ; 5 J ^ % , $ 7 0 ,0 0 0 ; b% % ,
$ 2 5 ,0 0 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 3 .9 8 p e r c e n t .) : 3 % , $ 2 5 ,0 0 0 ; 3 A % , $ 9 3 1 ,0 0 0 ; 4 % ,
$ 1 ,1 7 7 ,0 0 0 ; 4 J ^ % , $ 1 3 0 ,0 0 0 ; 5 % , $ 1 2 8 ,2 0 0 ; 6 % , $ 7 ,5 0 0 ; 7 % , $ 6 3 ,6 0 0 ; 1 0 % , $ 1 ,8 0 0 ; 1 2 % , $ 2 ,2 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 1 ,0 9 8 , a m o u n t in g t o $ 1 ,8 4 3 ,8 0 0 .
1 2 5 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 4 0 9 ,0 2 5 .
Dividends, Deposits and Withdrawals.
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : A p r il, 1 9 1 2 , 2 %
O c t ., 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 4 1 ,5 7 8 , a m o u n t in g t o
$ 1 4 1 ,5 2 8 7 6
1 4 5 ,3 6 7 3 8
1 ,6 9 3 ,0 1 9 9 4
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 2 5 ,7 1 7 , a m o u n t in g t o
$ 1 ,9 7 9 ,9 1 6 0 8
1 ,5 2 4 ,3 9 1 0 7
N e t in c re a s e i n a m o u n t d u e d e p o s it o r s
$ 4 5 5 ,5 2 5 01
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000
125.000
50.000
355.000
55.000
16.000
20.000
30.000
10.000
51.000
20.000
10.000
50.000
15.000
28.000
25.000
10.000
60.000
25.000
5,000
25.000
30.000
13.000
20.000
Massachusetts 3s
Massachusetts 3As
B oston 3%s
B oston 4s
Cambridge 3J^s
D ayton, 0 ., 5s
Everett 4s
Fall R iver 3)^s
F t. W ayne, Ind., 4)^s
Haverhill 4s
M alden 4s
N ew Bedford 3J^s
N ew B edford 4s
N ew ton 4s
Quincy 3As
Som erville 3J^s
Som erville 4s
Springfield 3J^s
W altham 3A s
B elm ont 3As
Concord 4s
Ipsw ich 4s
Lincoln 3J^s
M arlborough 4s
D ate
of
$10,000
35.000
10.000
30.000
Orange 4s
Sw am pscott 3As
W inchester 4s
Augusta, M e. (W . D .), 4s
$1,158,000
Railroad Bonds.
B oston & Albany 3As
B oston & Albany 4s
B oston & Low ell 3As
B oston & M aine 4As
$50,000
100,000
25.000
25.000
80.000
25.000
20.000
25.000
20.000
25.000
50.000
75.000
25.000
10.000
25.000
60.000
C., B . & Q. 4s
Cleveland & Pitts. 3}4s
Con. & Clarem ont 4J^s
Connecticut R iver 3A$
Danbury & N orw alk 5s
Fitchburg 3}4s
Fitcbburg 4s
Illinois Central 3J-£s
Illinois Central 4s*
Iow a, M inn. & N . W . 3J^s
N ew England 4s
N . Y . C. & H. R. 3 ^ s
E x a m in a t io n , M a y 2 7 , 2 8 , 29 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* A le g a l in v e s t m e n t w h e n m a d e .
$25,000 N. Y „ N . H . & H . 3 ^ s
60.000 N. Y „ N . H . & H . 4s
14.000 N orwich & Worcester 4s
40.000 N o. M aine Seaport 5s
75.000 Old Colony 4s
25.000 Peterborough & Hill. 4J^s
50.000 Ports., G t. Falls & C. i'As
50.000 St. Johnsbury & L. C . 5s
12.000 Sullivan C ounty 4s
50.000 T roy & B oston 7s
35.000 Worcester, N . & R . 4s
$1,076,000
Bank Stocks.
Shs.
8
First N l. B k ., B oston
75 N at. B k . o f Com m erce, B oston
25 N at. B k . o f the Republic, Boston
22 Old B oston N l. B k ., Boston
18 Second N l B k ., Boston
36 State N l. B k., Boston
100 W ebster & Atlas Nl. B k ., Boston
14 W inthrop Nl. B k., Boston
[Pub. Doc.
REPORT OF THE
306
SOUTHBRIDGE SAVINGS BANK, SOUTHBRIDGE.
G9 M AIN STREET.
I n c o r p o r a te d A p ril 20, 1848.
C a l v in
D. P
a ig e
,
N u m b e r o f c o r p o r a t o r s , 6 6 ; n u m b e r o f t r u s t e e s , 18.
President.
C harles A. C hapm an ,
R o b e r t A . B e c k w it h ,
Board of Trustees:
R . A . B e c k w it h ,
A l e x is
Treasurer.
Clerk of the Corporation.
B oyer,
W . W .
B uckley,
A.
C.
C hapm an,
J. M .
C o c h r a n , G e o r g e G r a n t , H . C . G r im w o d e , F r a n k H a r t l e y , C . F . H i l l , C . W . H i l l , J. F .
L a r i v i e r e , W . C . L e w i s , C . D . P a i g e , J. E . P a i g e , Id. C . R o b in s o n , C . M . W e l l s , W il l i a m
W h it t e m o r e , G . C . W in t e r .
Board of Investment: C . D .
Auditing Committee:
P a i g e , H . C . R o b i n s o n , J. E . P a i g e , C . M . W e l l s , G . C . W i n t e r .
G eorge
G r a n t , W . W . B u c k l e y , H . C . G r im w o d e .
D e p o s it s d r a w in t e r e s t f r o m t h e fir s t d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r ; d iv id e n d s a re p a y
a b le J a n u a r y 1 a n d J u ly 1.
B u s in e s s h o u r s : 9 a . m . t o 3 p . m . ; a ls o F r id a y s , 7 t o 8 p . m ., f o r
d e p o s it s o n ly .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Estim ated
M arket Value.
Par Value.
$ 4 2 4 ,6 0 3
3 1 2 ,6 5 0
6 2 ,8 0 0
6 ,6 0 0
3 5 ,8 0 0
$ 4 2 4 ,7 5 0 00
3 1 6 ,0 0 0 0 0
6 5 .0 0 0 0 0
P u b li c fu n d s , b o n d s a n d n o t e s
R a il r o a d b o n d s a n d n o t e s
S t r e e t r a ilw a y b o n d s
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e rica n T e l. & T e l. C o . b o n d s
6,000 00
4 0 .0 0 0 0 0
$ 8 5 1 ,7 5 0 0 0
37
00
00
00
00
$ 4 2 4 ,7 5 0 0 0
3 1 4 ,7 5 0 0 0
6 4 ,2 0 0 0 0
$ 8 4 2 ,4 5 3 3 7
$ 8 4 5 ,7 5 0 0 0
3 5 5 lo a n s o n r e a l e s t a t e (average of each, $ 3 ,6 6 2 .3 6 ) .
.
.
.
.
.
3 8 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
.
.
.
.
.
B a n k b u ild in g a n d fix t u r e s (estimated value, $83,000; assessed value, $27,685 )
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
.
.
.
.
.
.
C a s h a n d c a s h it e m s
.
.
.
.
.
.
.
.
.
.
.
Total Assets
.
.
B ook Value.
.
.
.
.
.
.
.
.
.
6,000 00
3 6 ,0 5 0 0 0
1 ,3 0 0 ,1 3 8
2 8 3 ,9 0 3
3 3 ,0 0 0
6 7 ,9 9 9
2 ,6 5 1
93
00
00
72
89
$2,533,443 54
Liabilities.
D u e d e p o s it o r s o n 7 ,5 3 2 a c c o u n t s , a v e r a g in g $ 3 2 0 .5 7 e a c h
$ 2 ,4 1 4 ,5 6 4 13
.
{Accounts opened during year, 1,554*; closed, 637; increase, 917)
S u r p lu s : —
a. G u a r a n t y fu n d {2.90% of deposits; increase during year, $10,700)
b. P r o f it a n d lo s s {decrease during year, $3,087.13)
.
.
.
.
c. S p e c ia l r e s e r v e f o r d i s t r ib u t io n t o d e p o s it o r s o f J a n u a r y 2 1 , 1 9 1 0
C u rren t in c o m e : —
a. I n t e r e s t .
.
.
.
.
.
.
$ 1 2 ,7 7 8 4 6
b. R e n t ..............................................................................
1 ,2 6 3 5 7
--------------------------L ess cu rre n t ex p en ses n o t ch a rg e d o ff
.
.
.
.
.
.
.
$ 1 4 ,0 4 2 0 3
1 ,8 8 8 2 2
1 2 ,1 5 3 81
51 0 4
R e s e r v e f o r t a x e s , in s u r a n c e a n d r e p a ir s
T otal Liabilities
.
.
.
.
.
* I n c lu d in g 5 2 7 a c c o u n t s r e o p e n e d o n a c c o u n t o f e x t r a d iv id e n d .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7 0 ,0 0 0 0 0
3 4 ,1 2 2 60
2 ,5 5 1 9 6
$2,533,443 54
BANK COMMISSIONER.
No,
307
Total Expenses for the Year, including State Taxes.
State T a x (N et).
R en t.
Salaries.
Advertising.
A m o u n t p a id fo r
$ 5 ,2 7 4 .3 7
$ 4 ,3 8 2 .5 0
$ 6 2 5 .0 0
C o s t p e r $ 1 ,0 0 0 o f a s s e ts
2 .0 8
1 .7 3
.2 5
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
Other Expenses.
$ 1 3 5 .5 1
.0 5
$ 1 ,5 9 5 .3 5
.6 3
T ota l.
$ 1 2 ,0 1 2 .7 3
4 .7 4
2 .4 1
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 1 1 6 ,5 9 1 .4 2 .
Rates on Investments and Loans (Average on All, 4.03% ).
Beal estate loans (a v e r a g e r a t e , 4 .9 2 p e r c e n t .) : 4 ) 4 % . $ 5 3 ,3 0 0 ; 4 ) 4 % , $ 6 4 ,0 0 0 ; 4 % % , $ 1 5 9 ,5 0 0 ; 5 % ,
$ 1 ,0 1 2 ,9 1 0 .9 3 ; 5 ) 4 % , $ 3 ,7 2 8 ; 6 % , $ 6 ,7 0 0 .
Personal loans (a v e r a g e r a t e , 4 .7 1 p e r c e n t . ) : 4 ) 4 % , $ 6 5 ,0 0 0 ; 4 ) 4 % , $ 9 5 ,0 0 0 ; 5 % , $ 9 6 ,9 5 0 ; 5 ) 4 % , $ 2 3 ,3 0 3 ;
6 % , $ 3 ,6 5 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .1 5 p e r c e n t . ) : 3 ) 4 % , $ 5 2 ,0 0 0 ; 4 % , $ 6 2 9 ,7 5 0 ; 4 ) 4 % ,
$ 7 4 ,0 0 0 ; 5 % , $ 9 6 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 2 8 7 , a m o u n t in g t o $ 3 7 4 ,8 8 3 .
7 1 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 1 9 9 ,2 6 2 .9 3 .
Dividends, Deposits and Withdrawals.
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 % ............................................................................ $ 4 6 ,0 3 6 7 4
J u ly , 191 2, 2 % .................................................................
4 6 ,5 5 7 10
E x t r a d i v i d e n d d e c la r e d d u r in g y e a r :
T o d e p o s it o r s o f r e c o r d J a n . 2 1 , 1 9 1 0 ,
J a n ., 1 9 1 2 , 1 % ........................................................................
2 5 ,6 6 3 10
N u m b e r o f d e p o s it s d u r in g y e a r , 5 ,4 1 7 , a m o u n t in g t o
.'
.
.
.
3 3 7 ,6 9 5 4 7
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 3 ,7 3 2 , a m o u n t i n g t o
N e t in c re a s e i n a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.
.
.
.
.
.
$ 4 5 5 ,9 5 2 4 1
4 0 3 ,1 1 6 8 9
$ 5 2 ,8 3 5 5 2
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000
22,400
45.000
11.000
20.000
10.000
35.000
3,150
15.000
20.000
2,000
25.000
M assachusetts 3)^s
Allegheny, P a., 4s
Boston 4s
B rockton 4s
Chelsea 4s
Fall R iver 4s
G rand Rapids, M ich ., 4J4s
Low ell 4s
L os Angeles, Cal., 4 )4 s
New B edford 4s
W atertown 4s
Augusta, M e. (W .D .), 4s
Public Funds, Notes.
10.000 Agawam 4s
10.000 N antucket 4s
D ate
of
$18,400
2,000
115,800
10,000
$424,750
$100,000
12.000
35.000
20.000
60.000
4,000
25.000
25.000
$10,000 Northern M e. Seaport 5s
25,000 St. Johnsbury & L. C . 5s
$316,000
Street Railway Bonds.
Railroad Bonds.
E x a m in a t io n , M a y 20 , 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Revere 4s
Southbridge 3 )4 s
Southbridge 4s
Sturbridge 4s
B oston & Albany 4s
B oston & M aine 4s
Chic. & N orthwestern 4s
Chic. & N orthwestern 5s
Fitchburg 4s
Fitchburg 4)^s
New England 5s
N . Y ., N . H . & H . 4s
$25,000
20.000
10.000
10.000
Boston Elevated 4s
B oston Elevated 4)^s
Boston & Northern 4s
Springfield & Eastern 5s
$65,000
Bank Stocks.
Shs.
60 W are Nl. Bk.
308
REPORT OF THE
[Pub. Doc,
SOUTH SCITUATE SAVINGS BANK, NORWELL.
M AIN STREET.
In c o r p o r a te d A p ril 2, 1834.
Joseph
N u m b e r o f c o r p o r a t o r s , 3 1 ; n u m b e r o f t r u s t e e s , 14.
H . C o r t h e l l , P r e s id en t.
T . F o g g , T reasu rer.
H arry
C h a r g e s A . L i t c h f i e l d , C lerk o f th e C o rp o ra tio n .
B o a rd o f T r u s te e s: W . F . B a t e s , H . J . C o r t h e l l , J. H . C o r t h e l l , G . D . D a m o n , H a r r y T . F o g g ,
H o r a c e T . F o g g , C . H . K i l l a m , A . J . L i t c h f i e l d , C . A . L i t c h f i e l d , J. C . O t i s , L o t P h i l l i p s ,
H . E . R o b b in s , C . H . W a t e r m a n , C . S . W e s t .
B o a rd o f I n v e s tm e n t: H
orace
T . F o g g , J. H . C o r t h e l l , G . D . D a m o n , J. C . O t is , C . S . W e s t .
A u d itin g C o m m itte e : C . A . L i t c h f i e l d , W . F . B
ates
, C . S. W e s t .
D e p o s it s d r a w in t e r e s t f r o m la s t S a t u r d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r ; d i v id e n d s a r e p a y a b le
t h e M o n d a y f o llo w in g t h e la s t S a t u r d a y o f J a n u a r y a n d J u ly .
B u s in e s s h o u r s : 9 a . m . t o 12 m .;
1 t o 4 p .m ., W e d n e s d a y s e x c e p t e d .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e r ic a n T e l . & T e l . C o . b o n d s
.
.
Par Value.
.
.
.
.
.
.
.
.
$ 7 9 ,0 1 0
1 2 0 ,0 0 0
4 6 .0 0 0
1 6 ,7 0 0
1 5 .0 0 0
Estim ated
M arket Value.
00
00
00
00
00
$ 7 8 ,7 6 6
1 0 7 ,3 0 7
4 5 ,1 4 2
3 8 ,1 8 9
1 3 ,4 2 5
$ 2 7 6 ,7 1 0 0 0
B ook Value.
00
50
50
00
00
$ 2 8 2 ,8 3 0 0 0
3 9 9 lo a n s o n r e a l e s t a t e (avera ge o f each, $ 1 ,2 1 3 .2 1 ) .
5 3 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
R e a l e s t a t e b y fo r e c lo s u r e , e t c . (a ssessed v alue, $ 1 ,8 0 0 )
D e p o s it s i n n a t io n a l b a n k s o r t r u s t c o m p a n ie s
C ash .
.
.
.
.
.
.
.
.
Total Assets
$ 7 9 ,0 1 0
1 1 7 ,7 1 5
4 6 ,0 0 0
2 1 ,8 3 0
1 3 ,6 3 5
$ 2 7 8 ,1 9 0 0 0
4 8 4 ,0 7 2
3 1 ,0 6 2
1 ,5 3 0
8 ,8 9 6
580
.
.
.
.
.
00
00
00
00
00
95
08
34
32
43
$804,332 12
Liabilities.
D u e d e p o s it o r s o n 1 ,4 0 9 a c c o u n t s , a v e r a g in g $ 5 2 6 .0 7 e a c h
( A c c o u n ts o p en ed d u r in g y e a r , 9 6 ; closed , 7 5 ; in c re a s e , 2 1 )
S u r p lu s : —
a . G u a r a n t y f u n d (4 .5 4 % o f d e p o s its ; in c re a s e d u r in g y e a r , $ 6 0 0 )
b. P r o fit a n d loss (in c r e a s e d u r in g y e a r , $ 2 ,3 1 0 .3 7 ) .
C u rre n t in c o m e : —
In terest
.
.
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Liabilities .
• .
$ 7 4 1 ,2 4 0 6 4
3 6 ,6 0 0 0 0
1 7 ,3 1 3 8 9
$ 9 ,9 5 9 21
7 8 1 62
------------------
.
.
.
9 ,1 7 7 5 9
$804,332 12
BANK COMMISSIONER.
No. 8.]
309
Total Expenses for the Year, including State Taxes.
State T a x (N et).
R ent.
Salaries.
Advertising.
Other Expenses.
$ 5 7 0 .0 3
.7 1
$ 7 8 .6 7
A m o u n t p a id f o r
$ 9 4 9 .3 5
$ 2 ,5 4 3 .3 1
$ 1 1 2 .5 0
C o s t p e r $ 1 ,0 0 0 o f a ssets
1 .1 8
3 .1 6
.1 4
C o s t p e r $ 1 ,0 0 0 o f a ss e ts n o t in c lu d in g S t a t e t a x a n d r e n t .
.10
T otal.
$ 4 ,2 5 3 .8 6
5 .2 9
3 .9 7
G r o s s in c o m e r e c e iv e d d u r in g t h e y e a r , $ 3 9 ,4 1 6 .1 2 .
Rates on Investments and Loans (Average on All, 5.09%).
Real estate loans (a v e r a g e r a t e , 5 .6 2 p e r c e n t .) : 5 % , $ 1 3 7 ,6 8 0 ; 5 } ^ % , $ 8 7 ,0 5 0 ; 6 % , $ 2 5 9 ,3 4 2 .9 5 .
Personal loans (a v e r a g e r a t e , 5 .6 0 p e r c e n t .) : 5 % , $ 1 0 ,6 5 0 ; 5 J ^ % , $ 3 ,5 0 0 ; 6 % , $ 1 6 ,9 1 2 .0 8 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 4 .1 1 p e r c e n t .) : 3 % , $ 2 2 ,0 0 0 ; V/i%, $ 4 5 ,0 0 0 ; 4 % ,
$ 1 6 4 ,0 1 0 ; 4 ^ % , $ 2 4 ,0 0 0 ; 5 % , $ 5 ,0 0 0 ; 6 % , $ 3 ,0 0 0 ; 7 % , $ 6 ,8 0 0 ; 8 % , $ 2 ,8 0 0 ; 1 0 % , $ 2 ,7 0 0 ; 1 2 % ,
$ 1 ,4 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 4 1 9 , a m o u n t in g t o $ 3 7 7 ,2 8 5 .0 3 .
58
r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t in g t o $ 7 6 ,1 3 5 .
Dividends, Deposits and Withdrawals.
O r d in a r y d iv id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 J ^ %
J u ly , 1 9 1 2 , 2
%
N u m b e r o f d e p o s it s d u r in g y e a r , 5 0 5 , a m o u n t in g t o
.
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 7 3 1 , a m o u n t in g t o
N e t in c re a s e in a m o u n t d u e d e p o s it o r s
.
.
.
.
.
.
.
.....................................................
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$ 1 7 ,4 7 7 4 0
1 4 ,2 7 9 6 6
7 5 ,9 6 1 18
.
$ 1 0 7 ,7 1 8 2 4
8 1 ,1 5 7 11
.
$ 2 6 ,5 6 1 13
SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$7,000
4.000
1.000
1.000
2.000
5.000
3.000
Massachusetts 3s
Beverly 4s
E verett 4s
M elrose 4s
N orth A ndover 4s
R ockland 4s
Swam pscott 4s
Public Funds, Notes.
16.000
6,600
6,000
17,410
10.000
Hanson 4s
M iddleborough 4s
N orw ell 4s
Pem broke 4s
Scituate 4s
B oston & A lbany 4s
B oston & M aine 3}4s
B oston & M aine 4s
C., B . & Q. 3}4s
Conn. & Pass. Rivers 4s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3}^s
M aine Cen. & E . & N . A . 4s
N . Y ., N . H . & H . 3^s
N . Y ., N . H . & H . 4s
Old Colony 4s
Penobscot Shore U n e 4s
Peter. & Hillsborough 4)4>s
Portland & Og. 4k£s
W ashington Co. 3J^s
$120,000
$79,010
D ate
Railroads Bonds.
$10,000
10.000
10.000
10.000
2.000
1.000
15.000
10.000
3.000
10.000
15.000
9.000
4.000
1.000
5.000
5.000
op
E x a m in a t io n , N ov em b er 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* L e g a l in v e s t m e n t s w h e n m a d e .
Street Railway Bonds.
$8,000
3,000
15.000
10.000
5.000
5.000
B oston Elevated 4s
B oston Elevated 4J^s
W est E nd 4s
W est E nd 4J^s
W orcester Cons. 4J^s*
W orcester Cons. 5s*
$46,000
Bank Stocks.
Shs.
8 E liot Nl. B k., B oston
14 First N l. B k ., B oston
26 Fourth-Atlantic N l. B k ., Boston
30 N l. B k . o f Com m erce, B oston
20 N l. U nion B k ., B oston
27 Second N l. B k ., B oston
12 State N l. B k ., Boston
10 W ebster & Atlas N l. B k ., B oston
20 H ingham Nl. B k.
REPORT OF THE
310
[Pub. Doc,
SOUTH WEYMOUTH SAVINGS BANK, SOUTH WEYMOUTH.
COLUMBIAN SQUARE.
I n c o r p o r a t e d M a r c h 6, 1 8 6 8 .
R . W allac e H u n t,
N u m b e r o f c o r p o r a t o r s , 3 4 ; n u m b e r o f tr u s t e e s, 19.
President.
F e e d T . B a r n e s , Treasurer.
R a l p h P . B u r r e l l , Clerk o f the Corporation.
Board of Trustees: F . T . B a r n e s , G . L . B a r n e s , W . L . B a t e s , B . A . B e n n e t t , G . W . C o n a n t , H . W .
D y e r , C . W . H a s t in g s , A . C . H e a l d , A l v in H o l l is , R . W . H u n t , H . H . J o y , J. F . M a r t in ,
E l b r id g e N a s h , E . J. P it c h e r , A . B . R a y m o n d , T . L . T ir r e i .l , G . C . T o r r e y , G . L . W e n t
G ordo n W il l is .
worth,
Board of Investment: R . W . H u n t , E . J . P it c h e r , G . L . B a r n e s , A . B . R a y m o n d , T . L . T i r r e l l ,
G or d o n W il l i s , G . L . W e n t w o r t h .
Auditing Committee: T . L . T ir r e l l , H . H . J o y , A . C . H e a l d .
D e p o s it s d r a w in t e r e s t f r o m s e c o n d W e d n e s d a y o f J a n u a r y , A p r il, J u l y a n d O c t o b e r ; d iv i d e n d s a r e
p a y a b le t h e s e c o n d W e d n e s d a y o f J a n u a r y a n d J u ly .
B u s in e s s h o u r s : 9 a . m . t o 12 m .; 2 t o
4 p .m .; S a t u r d a y s , 9 a . m . t o 12 m .; a ls o M o n d a y s , 7 t o 8 f . m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
Par Value.
P u b li c fu n d s , b o n d s a n d n o t e s
.
.
.
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
A m e r ic a n T e l . & T e l . C o . b o n d s
.
.
.
.
S e c u r it ie s a c q u ir e d in s e t t le m e n t o f in d e b t e d n e s s
$ 1 1 6 ,0 0 0
3 6 1 ,0 0 0
9 0 ,0 0 0
5 ,4 5 5
2 8 ,0 0 0
1 8 ,2 0 0
00
00
00
00
00
00
$ 6 1 8 ,6 5 5 0 0
4 3 0 lo a n s o n r e a l e s t a t e ( average of each, $2,048.36 ) .
L e s s a m o u n t d u e o n u n c o m p l e t e d lo a n s .
Estim ated
M arket Value.
$ 1 1 5 ,9 7 1
3 2 2 ,9 8 7
8 6 ,7 6 2
5 ,0 1 3
2 5 ,0 6 0
3 ,2 4 2
B ook Value.
85
50
50
00
00
00
$ 5 5 9 ,0 3 6 8 5
$ 1 1 6 ,0 0 0
3 5 0 ,9 7 2
8 9 ,6 2 5
5 ,0 0 0
2 5 ,5 8 7
2 ,7 6 0
00
50
00
00
50
00
$ 5 8 9 ,9 4 5 0 0
$ 8 8 2 ,7 3 4 0 0
4 ,0 9 0 0 0
8 7 8 ,6 4 4
2 0 ,5 4 0
3 ,0 0 0
135
2 9 ,9 1 2
6 ,4 6 0
5 lo a n s o n p e r s o n a l s e c u r it y .
.
.
.
.
R e a l e s t a t e b y f o r e c lo s u r e , e t c . ( assessed value, $1,760)
P r e m iu m a c c o u n t
.
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
C ash .
.
.
.
.
.
.
.
.
Total Assets
00
00
00
60
39
04
$1,528,637 03
Liabilities.
D u e d e p o s it o r s o n 2 ,7 4 0 a c c o u n t s , a v e r a g in g $ 5 1 2 .7 3 e a c h .
( Accounts opened during year, 259; closed, 186; increase, 73)
S u r p lu s : —
a. G u a r a n t y f u n d (4-94% of deposits; increase during year,
b. P r o fit a n d lo s s ( increase during year, $5,872.38)
C u r r e n t in c o m e : —
In terest
.
.
.
.
.
.
.
L e s s c u r r e n t e x p e n s e s n o t c h a r g e d o ff
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 1 ,4 0 4 ,8 8 7 7 6
$3,460)
6 9 ,3 6 0 0 0
3 7 ,0 5 2 4 9
$ 1 8 ,5 7 7 8 6
1 ,2 4 1 0 8
17*336 7 8
T otal Liabilities
.
.
$ 1 ,5 2 8 ,6 3 7 03
BANK COMMISSIONER.
No. 8.]
311
Total Expenses for the Year, including State Taxes.
State T a x (N et).
Salaries.
R en t.
A m o u n t p a id f o r
$ 2 ,7 7 0 .6 6
$ 2 ,7 8 4 .8 0
$ 4 £ 0 .0 0
C o s t p e r $ 1 ,0 0 0 o f a ss e ts
1 .8 1
1 .8 2
.2 9
C o s t p e r $ 1 ,0 0 0 o f a sse ts n o t in c lu d in g S t a t e t a x a n d r e n t
.
Advertising.
$ 3 0 .7 5
.0 2
Other Expenses.
$ 5 1 5 .1 9
.3 4
T ota l.
$ 6 ,5 5 1 .4 0
4 .2 8
2 .1 8
G r o s s i n c o m e r e c e iv e d d u r in g t h e y e a r , $ 6 9 ,7 2 3 .7 9 .
Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (a v e r a g e r a t e , 5 .2 9 p e r c e n t .) : 5 % , $ 5 7 5 ,9 1 8 ; 5 J ^ % , $ 1 0 1 ,5 2 1 ; 6 % , $ 2 0 1 ,2 0 5 .
Personal loans (a v e r a g e r a t e , 4 .6 6 p e r c e n t .) : 4.J^ % , $ 1 0 ,0 0 0 ; 4 ) 4 % , $ 1 0 ,0 0 0 ; 6 % , $ 5 4 0 .
Bonds, stocks, etc. (a v e r a g e r a t e o n b o o k v a lu e s , 3 .9 3 p e r c e n t .) : 3 % , $ 2 5 ,0 0 0 ; 3 J ^ % , $ 1 8 0 ,0 0 0 ; 4 % ,
$ 3 6 2 ,0 0 0 ; 4 ) 4 % , $ 1 5 ,0 0 0 ; 4 y2%, $ 1 5 ,0 0 0 ; 5 % , $ 7 ,0 0 0 .
N u m b e r o f lo a n s n o t o v e r $ 3 ,0 0 0 e a c h , 3 5 1 , a m o u n t i n g t o $ 5 9 8 ,6 2 4 .
7 2 r e a l e s t a t e lo a n s m a d e d u r in g y e a r , a m o u n t i n g t o $ 1 6 4 ,7 5 0 .
Dividends, Deposits and Withdrawals.
O r d in a r y d i v id e n d s d e c la r e d d u r in g y e a r : J a n ., 1 9 1 2 , 2 %
J u ly , 1 9 1 2 , 2 %
N u m b e r o f d e p o s it s d u r in g y e a r , 1 ,8 3 7 , a m o u n t i n g t o
$ 2 6 ,1 1 6 92
2 6 ,6 5 4 8 3
1 6 4 ,8 6 8 6 8
N u m b e r o f w it h d r a w a ls d u r in g y e a r , 1 ,7 9 6 , a m o u n t in g t o
$ 2 1 7 ,6 4 0 4 3
1 5 6 ,5 9 5 8 0
N e t in c r e a s e in a m o u n t d u e d e p o s it o r s
$ 6 1 ,0 4 4 6 3
SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Public Funds, Bonds.
$31,000
20.000
4.000
5.000
11.000
5.000
5.000
5.000
20.000
5.000
B oston 4s
Chicago, 111., 4s
M alden 4s
W aterbury, C t., 4s
D anvers 4s
Leom inster 4s
Needham 4s
Orange 4s
W eym outh 4s
D alton (F. D .) 4s
Public Funds, Notes.
5,000 W eym outh 4s
$5,000
20.000
5.000
10.000
60.000
10.000
38.000
20.000
10.000
18.000
15.000
25.000
45.000
5.000
27.000
30.000
18.000
$116,000
$361,000
D a t e op E x a m in a t io n , A p r i l 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Street Railway Bonds.
Beech Creek 4s
$35,000 B oston Elevated 4s
B oston & A lban y 3 )£s
15.000 Boston Elevated 4)^s
B oston & Lowell 4s
40.000 W est E n d 4s
B oston & M aine 3)4s
B oston & M aine 4s
$90,000
B oyer Valley 3)£ s
Chic., Burl. & Quincy 3)^s
Cleveland & Pittsburgh 3)^s
Fitchburg 3)^s
Fitchburg 4s
H olyok e & W estfield 4 )4s
Bank Stocks.
Illinois Central 3s
Illinois Central 3}4s
Shs.
Illinois Central 4s
25 Nl. B k. o f the Republic, B oston
N. Y ., N . H . & H . 3^8
13 Trem ont N l. B k ., B oston
N . Y „ N . H . & H . 4s
105 H am pden T r. C o., Springfield
Old C olony 4s
50 First N l. B k ., So. W eym outh
312
REPORT OF THE
[Pub. Doc.
SPENCER SAVINGS BANK, SPENCER.
M AIN STREET.
I n c o r p o r a t e d A p r il 5, 1 8 7 1 .
N u m b e r o f c o r p o r a t o r s , 3 6 ; n u m b e r o f t r u s t e e s , 15.
J oseph W . T e m p l e , President.
W a l t e r V . P r o u t y , Treasurer.
J o seph W . T e m p l e , Clerk of the Corporation.
Board of Trustees: C . H . A l l e n , F . W . B o u l t o n , F . J. C o l l e t t e , N . E . C r a ig , W . J . H e f p e r n a n ,
H . P . H o w l a n d , R . M . K a n e , A . E . K in g s l e y , J . W . P r o u t y , E . J . S t a r r , R . B . S t o n e , J. W ,
T em ple, H . W . V e rn o n , A . F . W a r r e n , M . A . Y oung.
Board of Investment: J. W . T e m p l e , C . H . A l l e n , N . E . C r a ig , R . M . K a n e , M . A . Y o u n g .
Auditing Committee: J . W . T e m p l e , W . J . H e f f e r n a n , J . W . P r o u t y .
D e p o s it s d r a w in t e r e s t f r o m first d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r ; d iv id e n d s a r e p a y a b le
J a n u a r y 10 a n d J u ly 10.
B u s in e s s h o u r s : 9 a . m . t o 12 m . ; 1 t o 4 p . m . ; S a t u r d a y s , 8 a . m . t o 12 m .
STATEMENT OF CONDITION, OCTOBER 31, 1912.
Assets.
P u b lic fu n d s , b o n d s a n d n o t e s
.
R a il r o a d b o n d s a n d n o t e s
.
.
.
S t r e e t r a ilw a y b o n d s
.
.
.
.
S t o c k s o f b a n k s a n d t r u s t c o m p a n ie s
B o s t o n T e r m in a l C o . b o n d s .
.
.
A m e r ic a n T e l . & T e l. C o . b o n d s
.
Estim ated
M arket Value.
Par Value.
.
.
.
.
.
.
$ 1 6 6 ,2 0 0
4 4 2 ,0 0 0
7 6 .0 0 0
5 ,8 0 0
6 ,0 0 0
2 8 .0 0 0
.
.
.
00
00
00
00
00
00
$ 1 6 4 ,3 4 3
4 0 2 ,0 3 7
7 1 ,0 4 0
8 ,4 1 0
5 ,7 6 0
2 5 ,0 6 0
$ 7 2 4 ,0 0 0 0 0
2 6 0 lo a n s o n r e a l e s t a t e ( average of each, $2,165.49) .
16 lo a n s o n p e r s o n a l s e c u r it y
.
.
.
.
B a n k b u ild in g a n d fix t u r e s ( estimated value, $20,000;
P r e m iu m a c c o u n t
.
.
.
.
.
.
D e p o s it s in n a t io n a l b a n k s o r t r u s t c o m p a n ie s
C a s h a n d c a s h ite m s
.
.
.
.
.
.
B ook Value.
75
50
00
00
00
00
$ 6 7 6 ,6 5 1 2 5
$ 1 6 5 ,7 3 7
4 3 2 ,6 2 8
7 2 ,9 6 1
5 ,8 0 0
5 ,9 2 5
2 4 ,8 5 6
$ 7 0 7 ,9 0 8 4 6
5 6 3 ,0 2 8
9 1 ,0 2 5
1 8 ,0 0 0
1 ,6 0 0
8 ,8 1 6
915
assessed value, $20,000)
50
46
25
00
00
25
00
00
00
00
81
75
$1,391,294 02
T otal Assets
Liabilities.
D u e d e p o s it o r s o n 3 ,9 5 0 a c c o u n t s , a v e r a g in g $ 3 3 0 .4 4 e a c h
.
.
.
.
.
$ 1 ,3 0 5 ,2 3 6 8 7
{Accounts opened during year, 377; closed, 330; increase, 47)
S u r p lu s : —
a. G u a r a n t y f u n d {4 -9 3 % of deposits; increase during year, $2,200)
b. P r o f it a n d lo s s (increase during year, $832.45)
.
.
.
C u rren t in c o m e : —
а. I n t e r e s t .
.
.
.
.
.
.
$ 1 3 ,5 0 3 4 2
б. R e n t
.
.
.
.
.
.
.
3 8 2 74
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@FedFRASER