View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

No. 8

Public Document

ANNUAL REPORT
OF THE

Yy\

BANK COMMISSIONER.
1914.
PA

RT

‘• I

R E L A T f t i Æ f l 'O

*

* ’

SAVINGS BANKS, INSTITUTIONS FOR SAVINGS, TRUST COMPANIES
AND FOREIGN BANKING CORPORATIONS.

BOSTON:
W RIGHT & POTTER PRIN TIN G CO., STATE PRINTERS,


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

32 DERNE STREET.
1915.

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

Af^ÖVED BY
Í

h¿

SfATE BoÂRi?

op

P ublication .

M 3 #
\S

£l)c (iominomuiattl) of illaooacljuoettJ y .

O f f ic e

B a n k C o m m is s io n e r ,
S t a t e H o u s e , January 20, 1915.

of th e

To the General Court of Massachusetts.

The annual 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,
credit unions and savings and loan associations as disclosed by their
annual returns of October 31, 1914, and also of trust companies
at the date of each of the five calls during the past year.
The complete report, as heretofore, consists of two parts: Part I.
relating to savings banks and trust companies, and Part II. relating
to co-operative banks, credit unions, and savings and loan associa­
tions. The customary consolidated statements covering transactions
of savings banks and trust companies follow this report.

b l I I/ S

G e n er al St a t e m e n t .

The aggregate assets of the variotis companies or individuals
under the supervision of the department, compiled from their
last reports, are as follows: —
Assets.
195 savings banks,
.
.
.
.
.
.
Massachusetts Hospital Life Insurance Company, .
74 trust companies, .
.
.
.
.
.
174 co-operative banks,
.
.
.
.
.
50 credit unions,2
.
.
.
.
.
.
3 savings and loan associations,
1 foreign banking corporation, .
.
.
.
88 steamship agents, receiving deposits of, .
586 institutions and agents under the supervision of
this department,
.
.
.
.
.
Total increase (28),
.
1 Decrease.


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

$971,628,528
30,661,558
473,456,401
90,781,470
279,358
1,820.414
1,077,899
1,255,434

Increase.
51
08
20
42
23
35
16
00

$34,275,220
250,762
28,669,195
9,073,127
94,206
80,723
367,832
306,442

66
301
20
25
66
66
79 1
001

$1,570,961,063 95

2 Five of these are inactive.

$71,267,436 34

IV

REPORT OF THE

[Pub. Doc.

These 586 institutions and agents under the supervision of the
Bank Commissioner have over one and one-half billions of dollars
entrusted to their care. In view of the number of institutions for
conserving the savings of our people, and the enormous aggregate
of their assets, it is the policy of this department to follow the
recent practice in the administration of both the national banks
and similar institutions in some of our sister States, of requiring
the officers who have the management of our banks and the invest­
ment of their funds to use reasonable diligence and obey the law
in carrying out the trusts which they have taken upon themselves.
Such officers are practically trustees of the people’s money, and
should be held accountable as such.
Sa v in g s B a n k s .

This department, in connection with and in addition to the usual
examination, has audited the books and accounts of 52 savings banks,
which by their auditing committee availed themselves of the provisions
of chapter 629 of the Acts of 1912.
Owing to the European war the stock markets of the world were
closed for about four months, and as it was impossible to get precise
and equitable quotations of market prices of the bonds held by
savings banks and institutions for savings as investments, such
estimated market price is omitted in the statements of condition
in this report.
The Winthrop Savings Bank of Winthrop was granted a certifi­
cate to organize and began business April 4, 1914.
Revaluations of Mortgage Loans.
In connection with the examinations of the savings banks made
during the year, particular attention has been paid to the valua­
tions of the mortgaged properties held by the banks; also to the
quinquennial revaluation required by section 68, clause 1, chapter
590, Acts of 1908.
The information obtained at the time of these examinations has
been reported to the boards of investment of the banks, and a
circular has been sent to all the banks referring to the matter,
with the result that payments on account of principal or repairs
have been made when deemed advisable, thus improving the quality
of the investments in real estate loans.


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

No. 8.]

BANK COMMISSIONER.

v

Lafayette Savings Bank.
This bank commenced business January 1, 1914, at 452 Boylston
Street, Boston, and on September 15, 1914, under the provisions of
chapter 399, Acts of 1910, the Bank Commissioner took possession
of its affairs, which are now in the process of liquidation. The
first and only examination of the bank by this department
disclosed the fact that its affairs were in such condition that
it would be impossible for the bank to continue business. The
deposits received by the bank had not been invested in accordance
with the requirements of section 68, chapter 590, Acts of 1908, and
various sums of money had been misappropriated.
The Bank
Commissioner, under the provisions of the statute, has taken action
in behalf of the depositors to recover the funds for their benefit.

Wales Savings Bank.
The affairs of this bank, which is in voluntary liquidation, remain
practically unchanged since the time of the last annual report, the
depositors at that time having received the full amount of their
deposits.
The liquidating committee of the bank expects to realize upon
the remaining assets, and a settlement should be made during the
ensuing year, when a final dividend may be paid to the depositors.

T

ru st

C

o m p a n ie s .

Following is a list of trust companies which have commenced
business during the year 1914: —
Beverly Trust Company.
Charles River Trust Company.
Old South Trust Company.
Tremont Trust Company.

Certificates have been issued by the Board of Bank Incorporation
that public convenience and advantage would be promoted by the
establishment of the following trust companies, but these companies
had not commenced business at the close of the year: —


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

vi

REPORT OF THE

[Pub. Doc.

Commercial Trust Company.
First Ward Trust Company of Boston.
Hanover Trust Company . 1
Prudential Trust Company.
Satucket Trust Company.

Permission has been granted by the same Board to the following
trust companies .to establish branch offices: -—•
Fidelity Trust Company.
Fitchburg Safe Deposit and Trust Company .2
International Trust Company.
Massachusetts Trust Company.
Naumkeag Trust Company.
Needham Trust Company.
Newtonville Trust Company.

This department, in connection with and in addition to the usual
examination of trust companies, has audited the books and accounts
of 24 companies, which by their stockholders’ examining committee
availed themselves of the provisions of chapter 409 of the Acts of 1913.
The Old Colony Trust Company and the Commonwealth Trust
Company have taken advantage of chapter 504 of the Acts of 1914,
and taken over the assets and assumed the liabilities of the Bay
State Trust Company and Hamilton Trust Company, respectively,
and with the permission of the Bank Commissioner are maintaining
as branch offices the offices occupied by the merged companies.
Taunton Saje Deposit and Trust Company.
The receiver of the Taunton Safe Deposit and Trust Company
has paid a final dividend of 10 per cent, to the depositors, making
total dividends of 85 per cent., and has filed his final report with
the Supreme Judicial Court.
C o- o p e r a t iv e B a n k s .

The Avon Co-operative Bank, Forest Hills Co-operative Bank,
Meeting House Hill Co-operative Bank and Watch City Co-opera­
tive Bank were chartered and commenced business during the year.
The Central Co-operative Bank and Chair-Town Co-operative
Bank wrere also chartered, and it is expected that they wall soon be
in operation.
1 Name since changed from the North America Trust Company.
2 Name since changed to Fitchburg Bank and Trust Com pany.


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

BANK COMMISSIONER.

No. 8.]

V ll

The verification of all new real estate loans and all share loans
held by the co-operative banks, through personal correspondence
with the borrower, is being continued after each examination.
E x a m in a t io n

of

the

A

f f a ir s

G eneral

of

of
the

the

T

reasurer

and

R e c e iv e r -

C om m onw ealth.

Eor some years past this department, in addition to its prescribed
duties, has, at the request of the Governor and Council, made the
examination required by section 68 of chapter 6 of the Revised
Laws. The report of this examination was submitted for the close
of business August 15. An examination was also made during the
month of January for the joint committee on ways and means,
under the provisions of chapter 414 of the Acts of 1908.
Sa v in g s B a n k L if e I n s u r a n c e .

The sixth full financial year of Savings Bank Life Insurance ended
October 31, 1914. This report includes the annual statement for the
year of the four banks which have undertaken the business of life
insurance 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.
These banks issued during the year ending October 31, 1914,
2,408 policies, representing $783,962 of insurance. There were also
41 old policies revived, amounting to $14,447 of insurance. The net
gain is 1,385 policies for $415,972 of insurance. There were in
force in all four banks on October 31, 1914, 9,439 policies for $3,566,778 insurance, with annuities representing annual payments of
$27,645.
These banks are prohibited from employing solicitors or house-tohouse collectors of premiums. The largest single portion of the ex­
pense to the policyholder is thus removed. The savings bank life
insurance plan appeals to the people on the basis of .thrift, and espe­
cially to the savings bank depositors. It is recognized that some
inexpensive substitute must be provided for the soliciting agent, con­
sequently the banks are permitted to establish agencies throughout
the State in mills, shops and factories, and public places, including
other savings banks and trust companies. The mechanism whereby
these agencies serve as feeders to the insurance banks is simple: an


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

viii

REPORT OF THE

[Pub. Doc.

employer becomes an agency for the insurance banks by signing
agency agreements in which he agrees to collect the premiums from
his employees on their policies and remit them to the banks once a
month. The employer appoints an agency secretary, usually the pay­
master, and the agency is entitled to 2 per cent, of the collections
so made. M ost of the employers waive this collection fee in order
that they may say to their employees that the service is rendered
absolutely w ithout compensation to the employer, while other em­
ployers take the collection fee and give it as additional compen­
sation to the agency secretary. The employee usually signs an
authorization which is handed to the paymaster and authorizes him
to deduct the amount of the premium from the pay envelope when
the premium comes due. Thus the evil of lapsing policies, which
was ever present in the private Industrial companies and formed a
large part of the cause of the high cost of insurance, is mitigated in
the banks; and the initiative to lapse the policy is placed on the
employee, because his authorization acts until he revokes it, wdiereas
in the companies the policyholder must take the initiative to pay
his premium; if he does not, his policy lapses. Premiums are also
paid direct to the banks or to a public agency.
There are to-day throughout the State about 215 agencies in mills,
shops and factories; there are 24 public agencies in savings banks,
7 in trust companies, and 20 other public agencies. The public
agencies in savings banks and trust companies are: —
Attleboro Trust Company.
Beverly Savings Bank.
Bridgewater Savings Bank.
Cambridgeport Savings Bank.
Cape Ann Savings Bank, Gloucester.
Charlestown Trust Company.
Chicopee Savings Bank.
Chicopee Falls Savings Bank.
Cosmopolitan Trust Company, Boston.
County Savings Bank, Chelsea.
East Bridgewater Savings Bank.
East Weymouth Savings Bank.
Florence Savings Bank,
Framingham Trust Company.
Gardner Savings Bank.
Great Barrington Savings Bank.


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

Greenfield Savings Bank.
Holyoke Savings Bank.
Ludlow Savings Bank.
Newburyport Five Cents Savings Bank.
North Adams Savings Bank.
Rockland Savings Bank.
Shelburne Falls Savings Bank.
South Weymouth Savings Bank.
Tremont Trust Company, Boston.
Union Trust Company, Springfield.
Waltham Trust Company.
Ware Savings Bank.
Washington Savings Institution, Lowell.
Webster Five Cents Savings Bank.
Woronoco Savings Bank, Westfield.

No. 8.]

BANK COMMISSIONER.

ix

Chapter 246 of the Acts of 1914 amended section 15 of chapter
561 of the Acts of 1907 by requiring the mortality experience of all
savings and insurance banks to be averaged and unified, so that it
makes no difference in what bank a death occurs, it is distributed over
all banks. This applies only to the mortality experience and is in
the interests of greater security; in all other respects the insurance
departments are separate in their operation. The investments are
in the same kind of securities as those of the savings banks.
The system being entirely mutual, dividends are paid to policy­
holders every year; and the law also provides that when the surplus
of a bank reaches $20,000, or 10 per cent, of the policy reserves,
whichever is greater, the balance shall go back to the policyholders
in the form of dividends. During the past year the Whitman
Savings Bank and the People’s Savings Bank thus reached the stage
when it was necessary to return large extra dividends in addition to
the regular dividends, under this provision.
The banks issue two forms of policies, monthly premium and
annual premium policies.
The net cost of the monthly premium policies is about 35 per
cent, less than similar insurance taken in a private company on the
weekly premium plan, notwithstanding the companies have reduced
rates and made other betterments since Savings Bank Life Insur­
ance was established.
The annual premium policies have been issued for $500 only,
but $2,000 insurance could be obtained by applying to four banks
on one medical examination A all policies were taken within a
month. At the writing of this report the Legislature has enacted a
. bill which will permit the banks to issue as much as $1,000 insur­
ance on one life, and it is now possible to get a maximum of $4,000
insurance in the four banks.
S ch o o l Sa v in g s B a n k s .

The law relative to the collection of savings from school children
has now been in force for three years. On October 31, 1914, there
were 58 savings banks receiving deposits of this nature.
The reports of these banks show that deposits are being received
from 464 schools located in 58 cities or towns, the system being
operated in 3,282 schoolrooms.
The total number of enrolled scholars in the 464 schools on
October 31, 1914, was 142,458, and 67,520 of these were depositors

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

X

REPO RT OF THE

[Pub. Doc.

in the school savings banks. The amount of deposits received
from this source, and other information showing the results being
obtained, are given below : —
Number of deposits received from the inception of the system to
October 31, 1914,
. . .
:
........................................
1,436,332
Amount of such d e p o s i t s , .................................................................$496,783 56
Number of deposits received during the year ending October 31,
1914> •
•
•
•
•
................................................
Amount of deposits received during the year ending October 31,

538,275

1914> • _•
•
•
• _ .........................................................$177,665 72
Number of withdrawals (not including amounts transferred to
savings bank pass books) from the inception of the system to
October 31, 1 9 1 4 , .........................................................................
53 g.4.7
Amount of such w i t h d r a w a l s ,.........................................................$104,539 99
Number of such withdrawals during the year ending October 31,
1914> •
.................................................................................
24,098
Amount of such w i t h d r a w a l s ,.........................................................$49,207 54
Amount to the credit of depositors in the school savings banks on
October 31, 1 9 1 4 , .............................................................................. $64,295 70
Number of scholars to whom savings bank pass books have been
issued from the inception of the system to October 31, 1914,
.
50,840
Number to whom pass books have been issued during the year
ending October 31, 1 9 1 4 ,................................................................
14 501
Amount of deposits transferred from school savings banks to
savings bank pass books from the inception of the system to
October 31, 1 9 1 4 , ............................................................................ $324,624 80
Amount so transferred during year ending October 31, 1914,
. $121,685 82
Dividends credited to school savings accounts during year end­
ing October 31, 1 9 1 4 , ..................................................................
$683 67
C e r t if ie d P u b l ic A

ccountants.

The sixth examination of applicants for certificates as public
accountants was held October 14, 15, 16 and 17, 1914; 83 applicants
were examined, of whom 16 appeared to have the necessary qualifi­
cations to be registered as public accountants. On December 31,
1914, there were 119 public accountants holding certificates of
registration under the laws of this Commonwealth.
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 applica­
tions for the establishment of domestic banking corporations.


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

No. 8.]

xi

BANK COMMISSIONER.

During the year 1914 the Board has held 36 meetings and heard
63 petitions, 53 of which w^ere granted, 6 refused and 4 held in
abeyance. These hearings have been upon 2 applications for new
savings banks, 9 applications for new trust companies, 9 applications
for new co-operative banks, and 23 applications for new credit
unions, besides additional hearings held for the purpose of deter­
mining changes of name, operating trust departments and estab­
lishing branch offices.
C r e d it U n io n s .

The annual reports of 50 credit unions have been received, showing
assets of 8279,358.23, an increase of $94,206.66 since the previous
report of this department. A total membership is shown of 6,149,
an increase of 1,572. The total receipts during the year were
$536,929.09, an increase of $142,088.20, and the total loans made
were $371,353.47, an increase of $83,591.92. Total disbursements
as dividends to shareholders were $8,335.80, and the total sum paid
as interest on savings accounts was $1,803.
The following is a list of the credit unions which have commenced
business since the date of the last annual report: - •

Beverly. Investment Credit Union,
Cosmopolitan Credit Union,
.
.
.
.
Elmco Credit Union, .
.
.
•
•
•
Gil co Credit Union, .
.
.
.
•
•
Greater Boston Credit Union,
•
•
•
Jewish Farmers Co-operative Credit Union of Bristol
County,
.
Lord Beaconsfield Credit Union, .
.
.
•
Massachusetts Credit Union,
Progressive Credit Union, .
.
.
.
■
Roxbury Credit Union,
.
.
.
.
.
Sacred Heart Credit Union,
.
.
.
.
Shawmut Credit Union,
•
Shoe Clerks Credit Union, .
St. Francis Credit Union, .
Traders Credit Union,
.
Workers Credit Union,
.

Beverly,
Boston,
Boston,
Boston,
Boston,

.
.
.
.
.

Attleboro,
Boston, .
Boston, .
Worcester,
Boston, .
New Bedford,
Boston, .
Boston, .
Fitchburg,
Boston, .
Fitchburg,

Dec.
June
Oct.
July
March

2,
3,
19,
22,
14,

1913
1914
1914
1914
1914

April
Nov.
Feb.
Feb.
March
Ojct.
April
July
March
Oct.
April

10,
19,
2,
16,
16,
27,
1,
20,
25,
7,
22,

1914
1913
1914
1914
1914
1914
1914
1914
1914
1914
1914

Charters have been granted to the following credit unions which
have not as yet commenced business: —
Regnillas Credit Union,
Suffolk Credit Union,
Zion Credit Union, .


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

.
.
.

Boston.
Boston.
Worcester.

XI]

REPORT OF THE

[Pub. Doc.

The Quincy Credit Union of Quincy, the Hebrew Credit Union of
Boston and the Chelsea Progressive Credit Union of Chelsea dis­
solved in the manner provided in the statutes. During the year the
Bank Commissioner, in accordance with the provisions of chapter
399, Acts of 1910, took possession of the property and business of
the Lynn United Hebrew Credit Union and the Peoples Credit
I nion of Lynn, and their affairs are now in process of liquidation.
The Bank Commissioner has appointed an agent to assist in the
liquidation of those two credit unions who reports that he is unable
to collect any appreciable part of the amount due from borrowers;
that these borrowers and their endorsers had at the time of the
making of the loan no ability to pay other than that furnished by
the fact that they were working; that a business depression has
been enough to make the notes of many borrowers worthless, and
in nearly every case the endorser was of no financial responsibility.
The object of the credit unions was stated by the Legislature to
be for the purpose of promoting thrift among its members, and it is
understood that it was to enable worthy borrowers to avoid the
exorbitant rates of interest that they in the past had been compelled
to pay.
It seems proper to call attention to the danger of the class of
loans which are made, according to the statute, on notes without
collateral, where the maker and endorser as a rule have no financial
standing, and where the repayment of the loan is dependent upon the
integrity of the borrower and his continuance at work or the
prosperity of his business.
It seems especially proper to call at­
tention to the difficulty which this department meets in the matter,
because it has been found practically impossible to ascertain, either
by correspondence or otherwise, the responsibility and financial
standing of the parties whose names appear upon the notes of these
unions.
It has been the observation and conclusion of this department
that the intention of the Legislature in promoting thrift among the
members of such unions has not been obtained in the majority of
eases; instead, it has enabled less thrifty people to make easy loans
v here those in charge of the credit unions have not the experience
and judgment to loan wisely.
The Legislature of 1914 passed an act, chapter 437, Acts of 1914,


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

BANK COMMISSIONER.

No. 8.]

X lll

entitled, “ An Act to facilitate rural credits and to enlarge the powers
of credit unions,” but up to the time that this report went to press
no credit union had taken advantage of the act.
P e r s o n s , P a r t n e r s h ip s , A
P r o v is io n s

to

the

in

A m endment

of

s s o c ia t io n s

C hapter

thereof

and

in

A

C o r p o r a t io n s

or

428,

A

cts

d d it io n

of

1905,

Subject
and

A

cts

thereto.

No changes have been made since the last annual report in the
statutes which apply to the persons, etc., subject to the provisions
of the above acts. During the last fiscal year there was collected
in license fees and paid into the treasury of the Commonwealth the
sum of $3,200. On October 31, 1914, 88 of these persons, etc.,
were under the supervision of this department, as compared with
87 on October 31, 1913; of this number 36 received deposits of
money for safekeeping, the total deposits on October 31, 1914,
amounting to $1,255,434, a decrease during the year of $306,442,
the number of depositors being 14,415, a decrease of 27. The total
amount of money sent for deposit in the Italian Postal Savings
Bank during the year was $547,686, a decrease of $557,858, or more
than 50 per cent. The total amount of money received for trans­
mission abroad during the same period was $7,234,988, a decrease
of $1,976,401.
There are no statutes defining the investments of the money
deposited for safekeeping with these bankers. The depositors are
protected by a bond conditioned upon the faithful holding and re­
payment of the money deposited. If, however, losses arise from
unwise investments and loans to an extent which would require a
recovery on the bond, such a course might lead to delay or litigation,
to the serious distress of those who intrust their money to these
bankers. As the investments by savings banks, co-operative banks
and trust companies are prescribed by law, it_Would seem that
there should be a statute fixing the kind of investments which may
be made by those who are licensed by the Commonwealth to receive
deposits of money for safekeeping. Recommendations to this end
have been made by the Bank Commissioner in previous years, but
no legislation has resulted.


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

REPORT — BANK COMMISSIONER. [Pub. Doc. No. 8.

X IV

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 f o r w a r d e d d u r in g Y e a r e n d in g
C ountry.

Italy,
Russia,
Great Britain,
Turkey,
Greece,
Austria,
Finland,
Azores,
France,
Sweden,
Germany, .
Other countries, .
Totals,

Oct. 31, 1914.

Oct. 31, 1913.

Oct. 31, 1912.

Oct. 31, 1911.

Oct. 31, 1910.

$3,458,810
1,534,651
913,319
322,503
184,872
264,112
109,037
350,466
21,882
56,020
13,592
5,724

$4,747,968
1,752,057
1,033,264
417,077
414,658
332,598
138,867
215,605
47,078
52,762
23,635
35,820

$3,484,373 $3,157,747
1,319,051
1,135,123
854,904
814,275
322,531
386,297
409,118
282,748
286,194
277,170
117,769
100,594
172,4311
46,294i
21,284
38,133
16,924
18,770
142,719
43,138

$3,058,948
1,027,436
1,237,401
251,421
268,068
240,196
76,972

$7,234,988

$9,211,389

$7,110,860

$6,377,849

$6,336,727

62,175
22,232
133,000

1 N ot reported in previous years.

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 y e a r:—1. That the statute requiring an audit to be made of the affairs
of certain corporations borrowing from savings banks be amended
so the audit may be made both of the borrowers and endorsers at
yearly intervals.
2. The statute placing a limit on deposits in savings banks was
amended in 1908 and 1909 to allow labor unions and credit unions
to deposit more than such limit, and the statute requiring a classi­
fication of accounts should be amended to be consistent with existing
law.
3. The statute permitting a co-operative bank to receive money
at other places than its regular place of business should be amended
so as to allow such a bank to maintain a restricted sign for the
guidance of its shareholders.


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

Respectfully submitted,
AUGUSTUS L. TH O R N D IK E ,
Bank Commissioner.

STATEMENTS
R E L A T IN G TO

Savings Banks

Trust Companies .

and

INDEX,
Statement
N um ber .

S a v in g s B a n k s .

1. Aggregate statement of condition

.

page

.

.

.

.

.

.

.

.

.

3. Comparative condition of Boston banks .

.

.

.

.

.

.

xx

4. Condensed statistics of transactions

.

.

.

.

.

.

xxi

2. Comparative condition of all banks

.

.

.

.

.

xvi
xix

5. Income account

.

.

.

.

.

.

.

.

.

.

.

xxii

6. Dividends

.

.

.

.

.

.

.

.

.

.

.

.

xxiii

.

.

.

7. Expenses
8. Surplus

.

.

.

.

.

9. Real estate by foreclosure

.
.

.

.

10. Investments producing no income

.
.

.

.

.
.

.

.

xxiv
xxiv

.

.
.

.
.

.

.
.

.
.

.

.
.

.
.

.

.

11. Changes in real estate and personal loans

.
.

.

xxv

.

.

xxv

.

.

xxvi

.

12. Classification of deposits received by Savings Banks .

.

.

.

.

xxvii

13. Statistics covering from 1834 to 1914, inclusive

.

.

.

.

xxviii

.

.

xlv

26.

List of legal investments

.

.

.

.

.

.

.

.

T r u s t C o m p a n ie s .

14. Statistics covering from 1879 to 1914 inclusive, all companies

.

15. Statistics covering from 1879 to 1914 inclusive, Boston companies

.

.

xxx

.

.

xxxii

16. Statistics covering from 1879 to 1914 inclusive, companies outside of Boston

xxxiv

17. Aggregate statement, banking departments, all companies

xxxvi

.

.

.

18. Aggregate statement, banking departments, Boston companies .

.

.

xxxvii

.

xxxviii

19. Aggregate statement, banking departments, companies outside of Boston
20. Aggregate statement, savings departments, all companies .

.

21. Aggregate statement, savings departments, Boston companies

.
.

.
.

22. Aggregate statement, savings departments, companies outside of Boston,
23. Aggregate statement, trust departments, all companies
24. Reserves

.

.

.

25. Earnings and dividends .


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

.

.
.

.

.

.

xxxix

.

.

.

xl
.

xli
xlii

.

.

.

.

.

.

.

xliii

.

.

.

.

.

.

.

xliv

REPORT OF THE

XV I

[Pub. Doc.

STATEM EN T No. 1.
A

ggregate

State m

ent,

O

ctober

31, 1914, 195

Sa v in g s B

Assets.

an ks.

Amount Invested.

Public funds, bonds and notes
.
.
.
.
.
.
.
Railroad bonds and notes .
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
Stocks of banks and trust companies .
.
.
.
.
.
Securities acquired in settlement of indebtedness .
.
.
.
116,089 loans on real estate {average of each, $4,031.27) .
.
.
Less amount due on uncompleted loans
.
.
.
.
.

.
.
.
$98,307,236 20
.
.
.
155,386,808 31
.
.
.
29,305,772 61
.
.
.
8,159,721 80
.
.
.
12,169,658 81
.
.
.
11,556,171 32
.
.
.
1,718,901 91
1468,988,756 15
1,003,058 96
467,985,697 19
10,485 loans on personal security
.
.
.
.
.
.
.
.
.
157,037,225 42
7,613,055 69
Bank building and fixtures (estimated value, $10,095,640.41; assessed value, $9,949,094)
Furniture and fixtures
.
.
.
.
.
.
.
.
.
.
.
109,036 56
2,129,237 04
Real estate b y foreclosure, etc. (assessed value, $2,783,546)
.
.
53,160 22
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
.
58,074 74
16,582 94
Other assets
.
.
.
.
.
.
.
.
.
.
.
.
.
18,186,074 26
Deposits in national banks and trust companies
.
.
.
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
.
.
1,836,113 49
Total Assets

5971,628,528 51

Liabilities.
Due depositors on 2,309,008 accounts, averaging $389.46 each
.
.
.
.
$899,279,596 16
Accounts opened during year, 308,879; closed, 266,132; increase, 42,741')
Surplus: —
a. Guaranty fund (4-77% of deposits; increase during year, $1,688,723.71) .
.
42,932,209 82
b. Profit and loss (increase during year, $2,916,242.67)
.
.
.
.
.
21,021,547 30
Current incom e: —
а. Interest .
.
.
.
.
.
.
$8,003,637 27
б. R e n t ...............................................................
58,310 01
------------------------$8,061,947 28
Less current expenses not charged off
.
.
$473,159 36
Less State or local taxes not charged off
.
44,299 91
------------------------517,459 27
---------------------------------------------- 7,544,488 01
Other liabilities .
.
.
.
.
.
.
.
.
.
.
.
.
850,687 22
T otal Liabilities

.

.

.

.

$971,628,528 51

T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for $1,753,678.46 $1,713,372.33 $305,103.86 $48,841.15 $442,004.17 $4,262,999.97
.05
.45
4 .37
Cost per $1,000 of assets
1.80
1.76
.31
Cost per $1,000 of assets not including State tax and rent .
..........................................
2.26
Gross income received during the year, $43,943,795.06.
Number of loans not over $3,000 each, 86,153, amounting to $125,705,015.37.
12,654 real estate loans made during year, amounting to $51,045,196.07.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: average rate, 4.01%
Extra dividends declared during year .
.
.
.
.
.
Number of deposits during year, 2,664,661, amounting to

Number of withdrawals during year, 2,079,502, amounting to
Net increase in amount due depositors


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

.

$33,922,280 75
169,144 33
159,070,038 51
$193,161,463 59
163,800,886 89
$29,360,576 70

BANK COMMISSIONER,

No. 8.]

T

otal

L

oans

and

X V II

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 .

ctober

31, 1914,

at

R ate (Per C ent ).

0..................................................
1 . 0 0 ....................................
1 . 7 9 ....................................
2 . 0 0 ....................................
2 . 5 0 ....................................
2 . 9 0 ....................................
3.00
.
.
.
.
3.10
3.125
.
.
.
.
3 15
3 20
3.24
3 . 2 5 ....................................
3.30
.
.
.
.
3.35
3.375
3.40
3.44
3 . 4 5 ....................................
3 . 4 6 ....................................
3 . 4 7 ....................................
3.49
3 . 5 0 ....................................
3.55
3.56
3 . 5 8 ....................................
3.60
....................................
3.625
3 . 6 3 ....................................
3 . 6 5 ....................................
3 . 6 7 ....................................
3.70
3.72
3 . 7 5 ....................................
3.80
3 . 8 3 ....................................
3.85
3.875
....................................
3.90
3 . 9 1 7 ....................................
3 . 9 4 ....................................
3 . 9 5 ....................................
4 . 0 0 ....................................
4.125
....................................
4 . 2 0 ....................................
4 . 2 5 ....................................
4 . 3 0 ....................................
4 . 3 5 ....................................
4.375
....................................
4 . 4 0 ....................................
4 . 5 0 ....................................
4.625
....................................
4 . 7 5 ....................................
4.875
....................................
4 . 9 5 ....................................
5 . 0 0 ....................................
5.125
....................................
5 . 2 5 ....................................
5.333
....................................
5.375
....................................
5 . 4 5 ....................................
5 . 5 0 ....................................
5 . 6 0 ....................................
5 .6
5 .7
5 .7
5.875
6 .0
6 .2

5 ....................................
5 ....................................
9 ....................................
....................................
0 ....................................
5 ....................................


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

Loans on Real
Estate.

Loans on Per­
sonal Security.

$27,701 59
6,500 00
_
_
_
_
_
_
_
_
2,458,000 00
_
_
_
_
_
-

$98,543 75
234,226 40
40,000 00
_

_
_
1,202,700 00

270,000 00

_
_
_
_
_
_
_
2,998,000 00
_
571,000 00
_
__
_
31,841,348 46
1,197,500 00
_
15,571,350 00
__
239,000 00
_
48,295,983 36
7,000 00
6,919,821 07
_
_
311,644,193 14
574,694 30
_
_
_
26,277,362 99
_
_
17,750 00
_
17,967,396 78
“

-

_
-

-

290,000 00
1,489,578 83
225,000 00
52,500 00
14,326,650 00
3,827,030 00
40,094,945 74
2,562,000 00
10,876,466 93
105,000 00
25,397,620 21
210,000 00
3,815,300 00
1,500 00
100,000 00
16,000 00
13,915,968 42
75,000 00
•3,165,800 00
25,000 00
19,223,803 96
655,500 00

Bonds,
Stocks, etc.
$866,194 44
-

35,000 00
7,600 00
3,000 00
2,555,200 00
33,400 00
70,000 00
80,000 00
150,500 00
25,000 00
533,000 00
170,000 00
164,856 69
63,000 00
119,597 96
52,100 00
81,300 00
10,000 00
38,050 00
5,000 00
64,157,564 81
53,000 00
36,000 00
20,000 00
372,500 00
225,900 29
5,000 00
100,900 00
5,000 00
575,000 00
10,000 00
762,357 29
186,930 00
10,000 00
16,700 00
74,033 32
48,500 00
6,000 00
2,100 00
20,000 00
164,849,940 04
33,440 00
-

2,731,385 00
21,750 00
3,800 00
970 00
5,000 00
35,423,853 71
117,005 00
50,000 00
25,545,878 61
40,000 00
10,000 00
1,136,372 16
10,000 00
43,862 50
25,000 00
120,600 00
25,000 00
9,595,700 00

Total Loans and
Investments.
$992,439 78
6,500 00
234,226 40
35,000 00
7,600 00
3,000 00
2,595,200 00
33,400 00
70,000 00
80,000 00
150,500 00
25,000 00
2,991,000 00
170,000 00
164,856 69
63,000 00
119,597 96
52,100 00
81,300 00
10,000 00
38,050 00
5,000 00
65,630,264 81
53,000 00
36,000 00
20,000 00
372,500 00
225,900 29
5,000 00
100,900 00
5,000 00
575,000 00
10,000 00
4,050,357 29
186,930 00
10,000 00
16,700 00
645,033 32
48,500 00
6,000 00
2,100 00
20,000 00
198,180,867 33
1,455,940 00
52,500 00
32,629,385 00
21,750 00
3,800 00
4,067,000 00
5,000 00
123,814,782 81
2,569,000 00
17,913,293 00
105,000 00
50,000 00
362,587,691 96
210,000 00
4,429,994 30
1,500 00
110,000 00
16,000 00
41,329,703 57
10,000 00
118,862 50
25,000 00
3,304,150 00
25,000 00
25,000 00
46,786,900 74
655,500 00

xviii

T

otal

REPORT OF THE

L

oans

I n v e s t m e n t s o f S a v in g s B a n k s
S p e c if ie d R a t e o f I n t e r e s t —

and

at

E

ach

R a t e (P e r C e n t ).

6 . 5 0 ' ....................................
6 . 7 5 ....................................
7 . 0 0 ....................................
7 . 2 5 ....................................
7 . 3 0 ....................................
7 . 5 0 ....................................
7 . 7 5 ....................................
8 . 0 0 ....................................
8 . 5 0 ....................................
9 . 0 0 ....................................
1 0 . 0 0 ....................................
1 0 . 5 0 ....................................
10.666
....................................
1 2 . 0 0 ....................................
14.00
....................................
1 6 . 0 0 ....................................
....................................
19.00
20.00
....................................
80.00
....................................
Totals

.

Average rate

.

.
.


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

[Pub. Doc,

.

on

O

ctober

31, 1914,

Concluded.

Loans on Real
Estate.

Loans on Per­
sonal Security.

$59,140 00
107,855 50
750 00

$8,330,975 00
655,700 00
5,281,841 18
309,500 00
240,000 00
618,625 00
5,000 00
502,150 00
'-

$22,700 00
2,523,020 00
1,600 00
3,692,200 00
2,500 00
210,900 00
1,598,100 00
7,000 00
2,250 00
1,307,600 00
30,300 00
11,100 00
12,000 00
500 00
250 00

$157,037,225 42

$320,961,861 82

$945,984,784 43

4.274

4.722

-

650 00
-

$467,985,697 19
4.893

5.116

Bonds,
Stocks, etc.

Total Loans and
Investments.
$8,412,815
655,700
7,912,716
309,500
240,000
620,975
5,000
4,195,000
2,500
210,900
1,598,100
7,000
2,250
1,307,600
30,300
11,100
12,000
500
250

00
00
68
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

BANK COMMISSIONER

No. 8.]

xix

STATEM EN T No. 2.
C

o m p a r a t iv e

C

o n d it io n

of

October 31,
1914.

ASSETS.

A

ll

S a v in g s B

an ks.

P e r c e n t a g e of I n vest
m e n t s to T ota l A ssets ON
O c to b e r 31 —

October 31,
1913.

1914.

1913.

1908.

1903.

1898.

42
45
20
81
14
19

10.12
15.99
3.02
.84
1.25
1.19

10.04
16.47
2.85
.87
1.26
1.28

11.67
19.34
2.05
1.27
.41
1.50

12.96
15.91
.58
1.72
2.42

16.25
11.11

1,460,149 66

.18

.16

.08

.04

.29

467,985,697 19 447,145,239 35
157,037,225 42 152,407,747 64

48.17
16.16

47.70
16.26

42.36
17.33

41.12
20.95

42.18
18.07

.78
.22

.80
.19

.99
.48

.97
.61

.84
.48

.02

.03

.05

.14

.13

I 2.06

2.09

2.47

2.58

3.98

100

100

100

100

100

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 com pany bonds .
Bank stocks .
.
.
.
.
Securities acquired in settlement of
indebtedness
.
.
.
.

$98,307,236
155,386,808
29,305,772
8,159,721
12,169,658
11,556,171

20
31
61
80
81
32

$94,154,948
154,355,225
26,732,167
8,120,729
11,809,068
12,007,557

1,718,901 91

L o an s.

On real estate
.
On personal security

.

.

.

R eal E state.

For banking purposes
B y foreclosure, etc.

.

7,613,055 69
2,129,237 04

7,502,910 03
1,798,595 32

58,074 74
109,036 56
69,743 16

93,980 73
126,379 20
71,883 09

-

1.61
5.06

M is c e l l a n e o u s .

Premium account .
.
Furniture and fixtures .
Sundry assets
.
.

.

.

.

.

]

C ash.

In banks, on interest
In banks, not on interest
Currency and specie
Checks and cash items .

18,013,284
172,789
1,587,036
249,077

74
52
21
28

17,988,633
138,667
1,253,618
185,807

45
54
37
26

$971,628,528 51 $937,353,307 85

Oct. 31, 1913.

Oct. 31, 1914.
LIA B IL IT IE S.
Amount.

$899,279,596 16
Deposits .
.
.
.
.
42,932,209 82
Guaranty fund
21,021,547 30
Profit and loss
Current income, less expenses
7,544,488 01
and taxes paid
850,687 22
Sundry liabilities


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

$971,628,528 51

I n crease for Y e a r .

Amount.

Per
Cent,
of De­
posits.

4.77
2.34

$869,919,019 46
41,243,486 11
18^105,304 63

4.74
2.08

.84
.09

7,862,741 Q0
222,756 65

.90
.02

Per
Cent,
of De­
posits.

_

-

$937,353,307 85

Decrease.

_

-

Amount.

Per
Cent.

$29,360,576 70
1,688,723 71
2,916,242 67

3.37
4.09
16.11

318,252 99* 4.0,5
627,930 57 281.89
$34,275,220 66

3.66

REPORT OF THE

XX

[Pub. Doc.

STATEM E N T No. 3.
C

o m p a r a t iv e

C

o n d it io n

op

B

S a v in g s B

osto n

an ks.

P ercentage
I n v e st m e n t s to
T o t a l A ss e t s .

op

ASSETS.

October 31,
1914.

October 31,
1913.

Increase
for Year.

Decrease
for Year.

BOSTON

OTHER
BANKS.

1914 1913

1914 1913

S e c u r it ie s .

Public funds, bonds and
notes .
.
.
.
Railroad bonds and notes
Street railway bonds
B o s t o n Terminal Co.
bonds .
.
.
.
T e l e p h o n e com pany
bonds .
.
.
.
Bank stocks
Securities acquired in
settlement of indebtedness
.
.
.
.

$33,197,332 92 $31,533,597 67 $1,663,735 25
42,143,320 15 42,148,713 55
6,775,287 85
6,235,601 00
539,686 85

10.87 10.76 9.77 9.72
$5,393 40 13.80 14.38 17.00 17.42
2.22 2.12 3.38 3.18
“

5,148,077 50

5,113,019 50

35,058 00

“

1.69 1.74

3,400,588 12
1,785,123 20

3,286,976 25
1,898,055 70

113,611 87
-

-

1.11 1.12
.58 .65

148,750 01

100,651 72

48,098 29

-

137,008,170 88 131,064,613 90
64,618,081 70 60,970,919 68

5,943,556 98
3,647,162 02

-

112,932 50

.05

.45

.47

1.32 1.32
1.47 1.57

.03

.24

.21

L oan s.

On real estate .
On personal security

-

44.87 44.71 49.67 49.07
21.16 20.80 13.87 14.19

R eal E state.

For banking purposes
B y foreclosure, etc. .

2,593,654 60
665,774 39

2,574,484 47
483,433 29

19,170 13
182,341 10

3,348 26
1,598 00
19,018 79

3,043 27
2,052 12
13,037 04

5,981 75

-

.85
.22

.88
.16

.75
.22

.77
.20

_
)
454 12 ( .01
)
-

.01

.03

.04

-

M is c e l l a n e o u s .

Premium account
Furniture and fixtures
Sundry assets .

304 99
-

C ash .

In banks, on interest
In banks, not on interest
Currency and specie
Checks and cash items .

7,130,343
15,000
608,350
81,536

51
00
93
21

7,290,761
15,000
389,469
42,202

92
00
94
35

-

160,418 41

-

_
_

218,880 99
39,333 86

$305,343,357 02 $293,165,633 37 $12,177,723 65

Oct. 31, 1914.
LIA B IL IT IE S.
Amount.

Deposits .
.
.
.
.
$285,012,376 97
Guaranty fund
13,424,801 10
Profit and loss
5,073,112,75
Current income, less expenses
and taxes paid
1,656,369 94
Sundry liabilities
176,696 26


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

$305,343,357 02

Am ount.

4.71
1.78
.58
.06
-

-

Oct. 31, 1913.

Per
Cent,
of De­
posits.

•2.57 2.64

1.83 1.84

100

100

100

100

I n c r e a se f o r Y e a r .

Per
Cent,
of D e­
posits.

Am ount.

Per
Cent.

$273,924,994 99
12,901,135 95
4,579,933 83

4.71
1.67

$11,087,381 98
523,665 15
493,178 92

4.05
4.06
10.77

1,732,072 64
27,495 96

.63
.01

$293,165,633 37

Decrease.

-

75,702 70* 4.37
149,200 30 542.63
$12,177,723 65

4.15

xxi

BANK COMMISSIONER,

No. 8.]

STATEM EN T No. 4.
Y

early

T

r a n s a c t io n s

of

S a v 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 r e n d in g O c to b e r 31 —

S T A TIS TIC S OF BUSIN ESS.
1914.
A ccounts.
Number opened during year .
Number closed during year
Number open October 31
Average in each account .
.

.

.

D eposits and Withdrawals .
Total deposits October 31
Increase over previous year
Number of deposits during year
Number of withdrawals during year
Average d e p o s i t ....................................
Average withdrawal
.
.
.
.
Amount deposited during year
Amount withdrawn during year
L oans.
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 year
.
Amount of same
.
.
.
.
.
I ncome, D ividends ,
Total income .
.
.
.

etc.

.

.

Expenses .
.
.
.
.
State taxes
.
.
.
.
Credited to guaranty fund

.
.

.
.

R atios.
Dividends to income
.
.
.
.
Expenses to income
.
.
.
.
State taxes to income
.
.
.
.
Guarantv 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 31 .
.
.
.
.


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

308,879
266,132
2,309,008
$389 46
$899,279,596
$29,360,577
2,664,661
2,079,502
$59 70
$78 77
$159,070,038
$163,800,886

1913.

332,325
266,981
2,266,261
$383 86

1912.

300,467
237,093
2,200,917
$381 04

1911.

287,096
250,523
2,137,543
$375 30

1910.

284,981
224,574
2,100,970
$366 88

$869,919,019 $838,635,098 $802,220,707 $770,814,453
$31,283,922 $36,414,391 $31,406,254 $27,712,972
2,472,912
2,424,661
2,855,944
2,593,601
1,714,762
1,790,039
1,822,515
1,924,435
$57 88
$57 67
$58 50
$55 60
$78 74
$81 75
$83 08
$80 08
$158,798,042 $151,738,371 $143,144,858 $139,826,105
$159,878,625 $145,946,854 $140,944,836 $140,189,179

86,153
116,089
$4,031 27

83,554
112,078
$3,989 59

81,403
107,061
$3,936 35

79,491
103,106
$3,824 49

77,312
97,935
$3,773 50

12,654
$51,045,196

12,942
$52,036,924

14,683
$58,402,701

13,816
$52,836,058

13,082
$52,315,170

$43,943,795
34,091,425
2,509,321
1,753,678
1,688,724

$41,990,814 $39,201,252
30,597,211
32,361,968
2,427,363
2,283,688
1,749,475
1,755,051
1,849,152
1,750,699

$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

Per Cent.
77.58
5.71
3.99
3.84
8.88
3.51
.26
.18

Per Cent.
77.07
5.78
4.18
4.17
8.80
3.45
.26
.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

. 17

. 19

Per Cent.
78.05
5.83
4.46
4.72
6.94
3.39
.25
.19
.20

.18

.18

REPORT OF THE

XXII

[Pub. Doc.

STATEM E N T No. 5.
Incom e

Sa y in g s B

of

an ks.

Statement of Income Account for Year ending October 31, 1914.
Net undivided profits, October 31, 1913 (profit and loss and net interest) .
$25,968,045 63
T otal current income during year .
.
.
.
.
.
.
$43,943,795 06
Less amounts paid for: —
Accrued interest .
$298,095 40
Operating deficit of real estate
50,717 18
2,509,321 51
Running expenses
State tax
.
.
.
.
1,753,678 46
4,611,812 55
N et divisible income
.
.
.
Less amount credited to guaranty fund .
Less ordinary dividends declared .
.

.

.
.

.

.
.

.

.
.
$1,688,723 71
33,922,280 75
-----------------------

Current surplus
.
.
.
.
.
Additional receipts on account of bank stock .
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
.
.
.
.

Net undivided profits for year
Net undivided profits, October 31, 1914


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

$39,331,982 51
35,611,004 46
$3,720,978 05
401,219 25

$169,144 33
673,278 53
323,259 67
71,807 84
37,873 48
248,843 77
-----------------------

$4,122,197 30

1,524,207 62
$2,597,989 68
----------------------

and loss and net interest)

.

2,597,989 68

. $28,566,035 31

No. 8.]

BANK COMMISSIONER.

xxiii

STATEM EN 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: —

per cent.
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“

3%
4
m
m
5

“
Total

“

.

2

1

_
1

3

14
15

1
2
1
49
37

98
13

2
2
81
10

168 166 157 156 140 160 155

98

74

1
1
92
10
1
82

92

2

_

—

1
1

1

—

1

2
5

5
10

13
12

18
11

25
15

14
11

1
8

1
7
1

5

3
5

2

2
3

-

1

1897.

1899.

o
a>

1898.

1902.

1903.

1905.

1906.

1907.

1908.

1909.

1

1

-

2
13
•
.

1910.

_

■
.
.
.
.
.
.

1911.

1912.

1914.

_

3

1

1
•
.
.
.
.
•
.
.
.
.
.

o
o>

T06T

0
IJi
m
2
3
3%
VA
3%

1913.

N u m b e r of B a n k s p a y in g a t E ach R a t e .

R A T E OF D IV I­
DEND.

_

_

i
i

1
1

_
-

2
-

•1
3
89
8

5
1
90
9

2
6
70
20

3
3
45
18

3
4
16
15

4
7
2

1
1
9

85

81

88 114 144 161 157
1
1
1
5
1
7
5
9
1

-

1
3
3
____
195 193 194 192 192 189 189 189 189 189 188 187 186 186 186 186 185 187

Average dividend . 4.01 4.01 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
Average earnings . 4.89 4.83 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

The extra dividends declared during the year were as follows: —
Arlington Five Cents Savings Bank, J of 1 per cent.
Attleborough Savings Bank, J of 1 per cent.
Charlestown Five Cents Savings Bank, \ of 1 per cent.
Foxborough Savings Bank, 1 per cent.
L y nn Five Cents Savings Bank, 1 per cent.
Natick Five Cents Savings Bank, j of 1 per cent.
Winchendon Savings Bank, ^ of 1 per cent.


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

.
.
.
.

$12,422
15,110
53,639
5,699
60,804
8,973
12,493

83
32
63
76
58
63
58

$169,144 33

REPO RT OF TH E

X X IV

[Pub. Doc

STATEM EN T No. 7.
E xpenses.

The running expenses of the banks for the two years ending
October 31, 1913, and October 31, 1914, were as follows: —
Y e a s e n d in g O c to b e e 31, 1914.

C L A SSIFIC A TIO N .
Am ount.

Salaries
Rent
.
.
.
Advertising .
Other expenses

$1,713,372
305,103
48,841
442,004

.

Total

Y e a r e n d in g O c to b e r 31, 1913.

Cost
for Each
$1,000 of
Assets.

Percent­
age of
Incom e.

Cost
for Each
$1,000 of
Assets.

Percent­
age of
Income.

Am ount.

33
86
15
17

3.90
.69
.11
1.01

$1.76
.31
.05
.45

$1,656,622
297,180
44,145
429,414

96
83
15
45

3.94
.71
.10
1.02

$1.77
.32
.05
.46

$2,509,321 51

5.71

$2.57

$2,427,363 39

5.77

$2.60

STATEM E N T No. 8.
Surplus.

The aggregate guaranty fund and profit and loss account of the
savings banks on October 31 of the last eight years has been as
follow's : —
B

ased

on

S e c u r it ie s

Per
Cent, of
D e­
posits.

Amount.

1907
1908
1909
1910
1911
1912
1913
1914

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

B
1907
1908
1909
1910
1911
1912
1913
1914

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

ased

$32,825,176
33,547,581
34,740,030
36,155,736
37,648,475
39,493,627
41,243,486
42,932,209

on

.
.
.
.
.
.
.
.


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

05
14
12
30
12
68
11
82

$32,825,176
33,547,581
34,740,030
36,155,736
37,648,475
39,493,627
41,243,486
42,932,209

05
14
12
30
12
68
11
82

at

4.64
4.73
4.68
4.69
4.69
4.71
4.74
4.77

V

ook

alu es.

$11,096,415
12,929,970
14,131,426
14,609,348
15,353,443
16,564,496
18,105,304
21,021,547

E

30
80
80
21
23
36
63
30

s t im a t e d

$8,252,932
17,436,211
22,302,689
19,941,773
21,115,669
21,123,202
11,261,415
15,247,028

T otal.

Per
Cent, of
D e­
posits.

Amount.

4.64
4.73
4.68
4.69
4.69
4.71
4.74
4.77

S e c u r it ie s

B

P r o f it a n d L oss
A ccoun t .

G uaranty F und.

YEAR.

at

66
55
86
55
58
37
36
05

1.57
1.82
1.90
1.89
1.91
1.97
2.08
2.34

M

arket

1.17
2.46
3.00
2.59
2.63
2.52
1.29
1.70

Per
Cent, of
D e­
posits.

Amount.

$43,921,591
46,477,551
48,871,456
50,765,084
53,001,918
56,058,124
59,348,790
63,953,757

V

35
94
92
51
35
04
74
12

6.21
6.55
6.58
6.58
6.60
6.68
6.82
7.11

71
69
98
85
70
05
47
87

5.81
7.19
7.68
7.28
7.32
7.23
6.03
6.47

alu es.

$41,078,108
50,983,792
57,042,719
56,097,509
58,764,144
60,616,830
52,504,901
58,179,237

BANK COMMISSIONER.

No. 8.]

XXV

STATEM EN T No. 9.
R

E

eal

state

by

F

oreclosure.

Principal.

Balance as shown in statement of October 31, 1913, 309 estates . $1,798,595 32
Acquired during the year ending October 31, 1914, 287 estates . 1,690,978 59
Excess of proceeds over book values of estates sold during year .
55,652 16
$3,545,226 07
Received for 283 estates sold during year
.
$1,333,107 61
Losses on estates sold during year and amounts
charged off to cover depreciation or prospec­
tive l o s s ........................................................
149,142 43
--------------------

1.482,250 04
$2,062,976 03

Income.

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

$110,655 13
189,011 91

Net deficit for y e a r ................................

$78,356 78

This net deficit was disposed of as follows: —
$5,811 45
Income credited to profit and loss
17,907 22
Deficit charged to profit and loss
--------------$6,674 58
Income reducing book value
72,935 59
Deficit increasing book value

$12,095 77
66,261 01

66,261 01

Net deficit as a b o v e ................................
$78,356 78
Balance, as shown in statement of October 31, 1914 (313 estates,
assessed at $2,783,546, held by 101 b a n k s ) .................................$2,129,237 04
Increase during y e a r .............................................................................. $880,641 72

STATEM E N T No. 10.
I nvestm en ts

p r o d u c in g

no

I ncom e

d u r in g

th e

October 31, 1914.

L oan s.

On real estate
.
.
On personal security .

.

.
.

.
.

.
.

.
.'

.

I nvestments.
Real estate by foreclosure, in possession, etc. .
Stocks, bonds, etc., acquired to secure indebtedness
Bank and trust company stocks
.
.
.
.
Deposits in banks not on interest
.
.
.
.
Total loans and investments producing no income


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

Y

ear

.

October 31, 1913.

Amount
loaned.

Number
of
Loans.

Amount
loaned.

312
51

$1,168,077 14
446,293 71

314
41

$1,222,685 15
176,444 92

-

Amount
invested.
$1,190,921 10
297,316 81
63,070 10
172,789 52

-

Amount
invested.
$1,009,760 93
271,486 15
78,582 60
138,667 54

-

$3,338,468 38

-

$2,897,627 29

Number
of
Loans.

-

REPORT OF THE

XX V I

[Pub. Doc

STATEM E N T No. 11.
I ncrease
R

eal

or

E

D

ecrease

state and

L

for

a

P

e r io d

oans on

P

of

erson al

T

h ir t y - o n e

S e c u r it y

R eal E state.

Y

of

e a r s , in

L

S a v in g s B

oans

an ks.

P e r s o n a l S e c u r it y .

Y ear.

Increase.

Increase.
$1,116,000

Decrease.

1884

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

$6,619,000

1885

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

6,227,000

-

*415,000

-

1886

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

7,003,000

9,018,000

-

1887

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

7,584,000

7,122,000

-

1888

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

7,533,000

1,647,000

-

1889

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

7,610,000

3,225,000

-

1890

10,471,000

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

8,417,000

1 8 9 1 ...............................................................

10,374,000

-

1892

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

12,127,000

1,426,000

-

1893

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

8,096,000

-

5,346,000

-

9,881,000

1,144,000

1894

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

9,393,000

1895

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

9,985,000

10,829,000

1896

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

8,656,000

2,047,000

-

1897

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

10,299,000

1,263,000

-

-

3,432,000

-

1898

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

7,066,000

1899

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

9,329,000

14,908,000

1900

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

9,657 000

9,788,000

-

1 9 0 1 ...............................................................

7,319,000

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

■

23,000
-

-

5,999,000
15,651,000

1908

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

12,714,000

-

1909

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

21,985,000

424,000

1 9 1 0 ................................................................

24,861 000

5,288,000

-

1 9 1 1 ...............................................................

24,770,000

3,708,000

-

1 9 1 2 ................................................................

27,102,000

9,614,000

-

1 9 1 3 ...............................................................

25,716,000

1,362,000

-

1 9 1 4 ...............................................................

20,840,000

4,630,000

-


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

-

on

BANK COMMISSIONER

No. 8.]

X X V ll

STATEM EN T No. 12.
C

l a s s if ic a t io n

D

of

e p o s it s

r e c e iv e d

Of $50 and less

2,097,588

Sa v in g s B

P e r c e n t a g e op
W h o le N u m b e r of
D e p o sit s .

F o r Y e a r e n d in g
O c to b e r 31, 1914.

Number.

by

1914

Amount.

1909

1904

1899

$36,315,367 79 79.81 79.40 78.94 77.43

P e r c e n t a g e op
W h o le A m o u n t d e p o s ­
it e d d u r in g Y e a r .

1914

1909

1904

1899

24.44 24.36 24.88 21.76

Over $50, not over $100 .

280,350

22,298,510 09

Over $100, not over $200 .

117,050

17,779,466 71

4.45

4.53

4.75

5.03

Over $200, not over $500 .

83,827

29,526,024 85

3.19

3.34

3.59

4.30

19.87 20.26 22.22 24.22

Over $500, under $1,000 .

27,510

19,567,066 26

1.05

1.13

1.01

1.24

13.17 13.92 12.54 13.59

21,943

23,126,424 13

.83

.81

.67

.88

15.56 14.52 12.07 14.17

Of $1,000 or more .

10.67 10.79 11.04 11.12

an ks.

15.00 14.99 15.53 14.09
11.96 11.95 12.76 12.17

2,628,268 $148,612,859 83
36,393 transfers, amounting to $10,457,178.68, are not included in above table.

C

l a s s if ic a t io n

D

of

e p o s it s

r e c e iv e d

by

S a v in g s B

F o r Y e a r e n d in g
O c to b e r 31, 1914.

From women, adult and minor
From g u a r d i a n s ....................................
From religious and charitable corporations
From labor u n io n s ....................................
From credit unions .

.

.

.

In t r u s t .............................................


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

.

.

.

an ks.

Number.

Amount.

Percentage
of Whole
Number
of
Deposits.

1,174,880

$68,831,406 06

44.70

3,615

732,663 50

.14

.49

17,328

2,517,303 79

.66

1.69

870

75,942 92

.03

.05

22

10,191 25

-

163,813

9,465,428 42

1,360,528

$81,632,935 94

6.23

Percentage
of Whole
Amount
deposited
in Year.
46.31

.01
6.37

STATEM EN T No. 13,
T

able

e x h ib it in g

the

N

um ber,

C

o n d it io n

and
from

P rogress

1834

to

of

the

1914

S a v in g s

B

anks

M

of

assach u setts

E

in

Y

ach

ear

in c l u s iv e .

[Returns first required by Acts 1834, Chapter 190.]

YEAR.

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

.

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

_
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 .18f
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

Increase
in
Amount
of
Deposits
over
Previous
Year.

Per­
centage
of In­
crease.

_
$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
2,621,121t

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

Aver­
age to
Each
Ac­
count.

$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
202
208
214
205

Popula­
tion of
Mas­
sachu­
setts.

614,408*
-

Deposits
to
Each
Person
of
Popula­
tion.
$5.58

State
Taxes
paid.

_

-

-

-

-

-

-

-

-

-

-

-

737,609
-

-

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

7.88
-

_
13.73
24.12
35.59
_
47.29

_
_
_
_
_
_
$228,683
400,080
452,399
364,591

Expense
of
Manage­
ment.

$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
120,886
135,783
140,713
184,739
203,348

Percent­
age of
Expense
to Total
De­
posits.

Percent­
age of
Expense
to Total
Assets.

*

.26

.

.27
.27
.29
.33

_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-

[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
86
86
86
89
93
93
95
97
102

Percent­
age of
In­
crease.

REPO RT OF TH E

1834 ....................................
1835 ....................................
1836 ....................................
1837 ....................................
1838 ....................................
1839 ....................................
1840 ....................................
184 1 ....................................
1842 ....................................
1843 ....................................
1844 ....................................
1845 ....................................
1846 ....................................
1847 ....................................
1848 ....................................
1849 ....................................
1850 ....................................
1851....................................
1852 ....................................
1853 ....................................
1854 ....................................
1855 ....................................
1856 .
1857 ....................................
1858 ....................................
1859 ....................................
1860 ....................................
1861....................................
1862 ....................................
1863 ....................................
1864 ....................................
1865 ....................................

Num­
ber of
Banks.

Number
of
Deposit
A c­
counts.

Increase
in
Number
of Ac­
counts
over
Previous
Year.

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
2,266,261
2,309,008
* In 1830.

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
65,344
42,747

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
4.56
4.61
4.54
4.34
2.48
2.76
6.75
4.28
4.07
4.73
5.27
4.37
5.19
2.06
2.68
4.44
2.93
3.26
1.62
5.03
3.90
3.82
4.22
3.75
2.53
3.56
4.31
3.32
.12
3.39
2.94
1.74
2.96
2.97
1.89

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
889,919,019
899,279,593

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
34,735,983t
3,481,921t
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
-31,283,921
29,360,576

13.01
18.75
17.91
18.22
21.07
20.60
12.89
9.41
7.55
9.38
2.31
.52
14.20t
1.66t
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
3.73
3.37

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
384
389

-

_

-

-

1,457,352
1,651,652
_
1,783,086
_
_
1,941,465
2,238,943
_
2,500,183
2,805,346
3,003,680
3,366,416

93.14
144.00
_
_
122.29
_
_
141.64
_
157.92
175.69
-

-

192.63
220.67
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
1,535,980
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
1,755,051
1,753,678

t Decrease.

219,257
.32
I
254,225 \
Qi
297,527 /
.30
339,271
375,734
.27
.26
429,080
469,681
.25
547,518
.26
644,682
.29
661,503
.277
.27
657,858
.275
671,728
606,550
.289
590,820
.286
581,274
•.271
617,672
.268
619,829
.257
.257
650,247
658,690
.257
.245
674,561
.239
698,087
.247
747,295
.248
783,158
.249
827,619
.241
850,978
.239
882,787
.238
936,829
.252
1,010,639
.246
1,028,838
.246
1,080,611
.250
1,134,581
.245
1,162,136
.246
1,202,708
.238
1,233,166
1,283,289
.237
1,333,523
.238
1,374,564
.234
1,447,237
.238
1,546,904
.245
.239
1,583,889
1,648,061
.237
.253
1,789,485
1,897,169
.267
1,929,012
.260
2,057,350
.266
2,240,267
.279
2,283,688
.272
2,427,363
.279
2,509,321
.279

M

-

.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
.258
.258

BANK COMMISSIONER.


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
193
195

No. 8.]

1866 ....................................
1867 .
1868 ....................................
1869 ....................................
1870 ....................................
1871....................................
1872 .
1873 ....................................
1874 .
1875 ....................................
1876 ....................................
1877 .
1878 .
1879 .
1880 .
1881 .
1882 .
1883 .
1884 .
1885 .
1886 .
1887 .
1888 .
1889 .
1890 .
1891 .
1892 .
1893 .
1894 .
1895 .
1896 .
1897 .
1898 .
1899 .
1900 .
1901 .
1902 .
1903 .
1904 .
1905 .
1906 .
1907 .
1908 .
1909 .
1910 .
1911 .
.
.
.
1912 .
1913 .
1914 .

REPORT OF TH E

XXX

[Pub. Doc.
STATEM E N T

P
United
No. States and
Year. of
Mas­
Cos. sachusetts
Bonds.

Other
Stocks
and
Bonds.

1879

3 $1,867,707

1880

4

1,609,581

643,450

$501,862

r in c ip a l

Loans on
Real
Estate.

Demand
Loans
with Col­
lateral.

$252,400 $1,121,748
195,900

1,401,150

A

ssets

Other
Demand
Loans.

and

L

ia b il it ie s

Time
Loans
with Col­
lateral.

Other
Time
Loans.

of

A

ll

Banking
Houses.

T

ru st

Due from
Reserve
Banks.

$113,000 $2,848,031

$916,771

$33,000

$854,871

80,000

3,894,905

1,518,247

33,000

2,568,476
2,100,147

1881

5

1,240,207

1,389,149

183,500

1,658,089

1,435,529

4,506,777

3,623,064

33,000

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

1883

5

1,384,544

1,792,268

132,300

1,288,433

1,434,220

3,915,637

9,030,569

33,000

3,336,895

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

_*

19,902,256

8,824,712

311,486

7,418,938
8,815,659

1891

17

1,142,096

5,221,897

689,608

9,634,482

1892

19

2,482,410

7,314,499

1,191,640

9,810,396

22,849,001

11,278,171

408,453

1893

22

1,367,127

7,553,600

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

22,203,891

21,702,154

677,653 14,242,742

20,534,342

18,419,411

677,653 10,290,374

1895

31

3,958,873

7,117,138

2,487,419 11,092,451

1896

31

4,138,245

8,441,558

2,216,171

—*

8,422,439

1897

33

4,073,208 12,845,577

2,726,017

9,793,712

_*

1898

34

2,368,089 18,898,455

3,306,881 11,239,247

_*

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

1901

35

505,500 22,241,276

_*

25,523,218

21,343,240

864,742 17,532,727

29,924,166

22,424,668

879,076 22,728,203

35,799,876

22,362,351 1,154,478 21,083,138

31,638,493

26,976,691 1,146,639 19,731.537

4,304,483 20,320,743 19,418,175 42,049,638

11,040,992 1,814,323 20,553,555
17,546,640 2,230,870 25,768,803

1902

37

50,500 26,669,446

5,084,068 25,095,387 12,364,712 43,596,283

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

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

61,128,698 4,876,046 25,916,821

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
97,177,624 8,290,718 27,695,972

1910

57

4,838,547 29,785,184

7,637,898 37,364,094

6,743,098 46,164,189

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

1913

70

3,808,112 38,771,923 11,831,708 45,862,470 10,899,731 48,964,031 112,702,804 8,855,368 35,238,193

1914

74

3,705,487 36,079,362 12,692,364 38,368,667 13,301,249 57,831,513 127,810,271 8,078,748 37,709,534

* 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

N o.

xxxi

BANK COMMISSIONER.

8 .]

No. 14.
C

o m p a n ie s

Due from
Other
Banks.

1
I
I
I

'

1

1879

from

to

1914

in c l u s iv e .

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

Deposits
Demand.

Deposits
Time.

Other
Liabili­
ties.

Year.

$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

8,554

389,274

55,831

28,119,010

3,101,500

1,404,171

23,446,737

-

166,602

1886

30,345

539,659

67,336

31,531,292

4,400,000

1,944,811

23,841,976

-

1,344,505

1887
1888

32,473

546,022

142,653

39,599,809

4,700,000

2,314,452

31,551,776

-

1,033,581

29,770

664,211

140,577

43,359,540

4,800,000

2,708,654

34,653,000

-

1,197,886

1889

612,849

1890

850

1,004,264

155,993

47,856,552

6,550,000

3,979,853

36,713,850

-

14,495

1,602,475

215,056

54,977,501

7,775,000

4,655,027

41,699,163

-

848,311

1891

987,858

1892

8,664

1,656,054

252,902

66,067,849

8,475,000

5,106,863

51,498,128

-

6,215

2,457,902

314,737

62,561,561

9,075,000

5,689,730

46,884,726

-

912,105

1893

62,826,190

-

967,087

1894

-

709,762

1895

1,188,597

1896

10,310

2,085,086

403,558

78,943,977

9,275,000

5,875,700

2,420

2,689,362

382,175

86,556,278

10,375,000

6,374,737

69,096,779

10,475,000

7,059,645

58,014,417

-

11,246

3,175,288

410,932

76,737,659

36,625

2,694,146

449,524

97,882,736

10,875,000

7,356,778

78,092,229

-

1,558,729

1897

66,007

3,659,692

426,568

115,921,052

10,875,000

8,350,855

95,044,949

-

1,650,248

1898

55,593

3,846,567

415,013

130,478,585

11,475,000

9,830.755

107,308,805

-

1,864,025

1899

6,320

3,740,174

414,794

125,559,873

11,375,000

11,325,457

101,052,678

-

1,806,738

1900

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

5,438,123

8,012,491

1,909,533

198,942,398

16,476,000

22,509,210

152,075,517

6,073,123

1,628,644

1903

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 11,034,191

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
1911

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

5,726,352 21,755,799

3,168,492

336,808,561

24,792,400

35,172,079

262,714,556

8,824,186

5,305,340

1912

6,756,409 24,146,996

3,975,763 351,813,508

26,092,700

37,226,663

274,609,979

9,131,384

4,752,782

1913

7,702,549 22,612,953

3,731,610 369,624,307

27,042,300

34,796,881

287,250,496 16,014,953

4,519.677

1914


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

[Pub. Doc.

REPORT OF THE

XXX11

STATEM EN T
P

Year.

United
No. States and
of
Mas­
Cos. sachusetts
Bonds.

1879

2 $1,591,707

1880

3

1,402,381

Other
Stocks
and
Bonds.

$309,462
453,050

Loans on
Real
Estate.

r in c ip a l

Demand
Loans
with Col­
lateral.

$175,500 $1,106,223
162,500

1,375,050

A

ssets

Other
Demand
Loans.

and

Time
Loans
with Col­
lateral.

$113,000 $2,848,031
80,000

3,894,905

L

ia b il it ie s

Other
Time
Loans.

of

Banking
Houses.

B

o ston

Due from
Reserve
Banks.

$287,000

-

$742,590

684,114

-

2,375,901

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

1885

4

2,472,302

1,490,954

206,178

2,596,682

2,700,705

3,763,793

6,732,551

-

4,784,298

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

-

6,480,387

1889

7

1,135,000

4,433,734

356,287

4,194,989

2,199,100

6,412,756

9,899,013

$216,327

8,383,776

1890

9

960,000

4,047,208

414,734

7,385,910

16,296,990

6,600,300

216,327

4,949,284

1891

9

1,003,596

4,848,483

522,000

9,047,513

19,218,852

3,840,500

216,327

6,470,414
7,723,407

_J*

1892

10

2,299,985

6,472,711

838,175

9,197,368

-•

21,990,117

4,895,610

295,927

1893

11

1*128,977

6,798,028

853,513

7,521,211

_*

15,333,372

7,015,752

458,350 11,258,657

6,093,235

1,417,551

6,491,921

_*

18,909,448 10,887,543

500,000 16,228,975

1,808,725

9,895,693

20,772,033 13,699,181

500,000 12,617,621

1894

11

3,431,733

1895

15

3,446.798

6,074,975

1896

14

3,569,778

7,167,819

1,559,350

7,461,738

-*

19,004,475 11,462,551

500,000

1897

14

3,481,202 11,264,994

1,979,966

8,719,036

-*

23,366,712 13,081,346

650.000 15,974,023

1898

14

2,092,089 16,523,687

2,432,685 10,008,694

-*

27,509,344 14,275,813

650,000 20,915,765

1899

16

1,928,044 17,584,573

2,014,851 17,336,749

-*

33,403,284 14,433,141

926,442 19,594,697

1900

16

1,059,000 17,375,051

2,457,391 14,015,601

_*

29,264,749 18,993,352

1901

16

505,000 18,643,195

3,224,297 17,346,362 15,266,312 39,455,209

6,575,655

9,049,453

916,396 17,943,157
1,575,969 18,373,094

1902

18

50,000 22,905,331

3,677,631 22,017,398

7,924,578 40,543,057 12,661,173

2,005,084 23,380,113

1903

19

50,000 25,903,398

4,034,633 23,508,361

7,651,269 33,045,418 16,065,936

2,182,300 21,808,261

_*

35,555,336

57,349,971

3,344,872 23,957,133

1904

20

52,117 27,499,732

3,244,527

1905

20

54,282 30,371,305

4,289,607 30,605,282

3,388,076 39,765,501 34,965,688

3,623,440 21,580,601

1906

20

5,258,364 27,211,836

4,153,051 30,754,264

3,446,332 36,049,632 38,842,351

4,280,158 20,011,595

-*

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

1908

23

4,217,762 27,199,245

3,008,790 26,507,050

4,283,257 35,548,782 49,531,224

5,876,438 31,445,972
7,205,360 25,485,500

1909

23

3,805,909 24,785,494

3,354,605 31,771,481

3,856,867 42,409,926 55,411,835

1910

23

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

1911

22

3,121,149 25,768,864

4,697,304 34,406,478

6,267,200 42,003,711 86,341,885

7,387,944 26,231,429

1912

22

2,515,054 27,501,680

5,168,416 34,451,120

7,944,412 44,969,495 73,936,307

7,149,683 23,976,311

1913

24

2,846,706 28,002,070

5,489,149 37,473,172

8,242,709 38,674,769 76,186,639

7,554,839 27,758,320

1914

24

2,606,373 21,953,540

5,584,909 30,147,804

9,995,728 46,055,409 90,309,910

6,508,681 28,657,145

* 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.J

BAN K COMMISSIONER.

xxxiii

No. 15.
T

ru st

C

o m p a n ie s

Due from Currency
Other
and
Banks.
Specie.

from

1879

Other
Assets.

Total
Assets and
Liabilities.

to

1914

in c l u s iv e .

Capital
Stock.

Surplus and
Undivided
Earnings
less Exp.,
Int. and
Taxes.

Deposits
Demand.

Deposits
Time.

Other
Liabili­
ties.

Year.

-

$74,131

$47,247

$7,294,891

$900,000

$245,717

$6,126,857

-

$22,317

1879

-

35,198

57,260

10,520,359

1,037,200

342,213

8,839,595

-

301,351

1880

-

33,729

49,007

14,561,822

2,200,000

432,319

11,197,359

-

732,144

1881

-

77,999

35,254

15,379,801

2,400,000

563,694

12,089,552

-

326,555

1882

S989

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

-

1,629,447

1898
1899
1900

10,299

75,985

97,441,527

7,850,000

7,421,295

80,540,785

-

3,108,544

76,757

110,407,082

8,450,000

8,847,220

91,262,818

-

1,847,044

-

2,965,973

75,554

105,066,224

8,450,000

10,181,302

84,647,563

-

1,787,359

-

3,862,512

76,846

124,904,451

8,750,000

12,198,959

101,394,048

-

2,561,444

1901

-

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

2,381,653

9,012,924

5,219,294

173,513,072

11,552,000

23,700,281

132,839,193

2,704,150

2,717,448

1907

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-

6,047,627 13,944,113

2,037,384

220,116,101

12,152,000

25,425,250

170,162,557

8,995,830

3,380,464

1909

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

251,634,466

16,250,000

28,107,107

194,915,304

8,012,612

4,349,443

1912

6,236,917 18,676,214

2,684,567

259,826,071

17,250,000

29,394,421

201,752,811

7,217,219

4,211,620

1913

7,052,945 17,649,125

2,283,965

268,805,534

17,450,000

26,508,667

208,375,628 12,915,509

3,555,730

1914


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

REPORT OF THE

X X X IV

[Pub. Doc.
STATEM ENT

P
United
No. States and
Mas­
Year. of
Cos. sachusetts
Bonds.

Other
Stocks
and
Bonds.

r in c ip a l

Loans on
Real
Estate.

Demand
Loans
with Col­
lateral.

A

ssets

Other
Demand
Loans.

and

L

ia b il it ie s

Time
Loans
with Col­
lateral.

Other
Time
Loans.

of

O u t s id e

Banking
Houses.

Due from
Reserve
Banks.

$112,281

1879

i

$276,000

$192,400

$76,900

$15,525

-

-

$629,771

$33,000

1880

i

207,200

190,400

33,400

26,100

-

-

834,133

33,000

192,575

1881

i

2,050

185,400

23,700

170,339

-

-

1,144,354

33,000

131,533

1882

i

8,750

185,400

21,400

20,500

-

-

1,338,605

33,000

177,894

1883

i

11,350

235,400

21,200

20,000

-

-

1,276,817

33,000

242,790

1884

i

17,350

235,400

20,400

19,289

-

-

1,311,859

33,000

99,918

1885

i

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

235,400

45,200

30,000

217,400

46,550

-

-

1888

5

65,500

295,410

34,625

3,000

1889

5

70,500

372,383

70,755

187,523

59,990

-

3,159,682

73,000

348,064

416,105

3,704,857

73,000

398,877

459,153

3,951,619

85,000

566,066

683,404

4,984,212

95,159

948,524

1890

5

90,500

343,472

94,690

234,192

_*

1891

8

138,500

373,414

167,608

586,969

-*

1892

9

182,425

841,788

353,465

613,028

-*

858,884

6,382,561

112,526

1,092,252

1893

11

238,150

761,572

405,252

792,567

-•

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

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

-*

1,529,867

6,956,860

177,653

1,240,921

1897

19

592,006

1,580,583

746,051

1,074,676

_*

2,156,506

8,261,894

214,742

1,558,704

1898

20

276,000

2,374,768

874,196

1,230,553

-*

2,414,822

8,148,855

229,076

1,812,437

1899

20

127,650

3,231,804

989,547

2,548,351

_*

2,396,592

7,929,210

228,036

1,488,441

1900

19

1,200

3,147,969

1,102,488

2,746,525

-*

2,373,744

7,983,339

230,243

1,788,380

1901

19

500

3,598,081

1,080,186

2,974,381

4,151,863

2,594,429

4,465,337

238,354

2,180,461

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
3,275,129

_*

5,198,621

-*

1904

21

550

5,465,093

1,587,797

16,839,386

211,987

1905

24

550

6,237,103

1,859,519

4,219,125

1,132,519

5,998,677 16,706,724

232,564

3,664,115

1906

26

1,400,662

5,354,057

2,471,839

4,125,006

1,553,502

6,707,920 20,652,925

377,210

5,146,417

1907

28

1,495,744

5,738,084

2,715,415

3,942,230

1,550,378

6,455,418 22,610,085

452,340

4,104,990

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

1909

30

919,134

5,427,165

2,586,542

4,819,595

1,122,870

8,842,069 27,880,425

582,564

5,549,103

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

1911

40

1,016,984

8,344,719

4,122,460

5,744,977

2,105,508

9,609,357 33,599,698

764,575

7,054,955

1912

43

1,018,024

8,980,796

5,961,357

6,961,275

2,598,427

9,908,677 35,525,511

967,874

6,623,501

1913

46

961,406 10,769,853

6,342,559

8,389,298

2,657,022 10,289,262 36,516,165

1,300,529

7,479,873

1914

50

1,099,114 14,125,822

7,107,455

8,220,853

3,305,521 11,776,104 37,500,361

1,570,067

9,052,389

* 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

BANK COMMISSIONER

No. 8.]

XXXV

N o. 16.
T

ru st

Due from
Other
Banks.

C

o m p a n ie s

Currency
and
Specie.

prom

1879

to

1914

in c l u s iv e .

Surplus and
Undivided
Earnings
less Exp.,
Int. and
Taxes.

Other
Assets.

Total
Assets and
Liabilities.

Capital
Stock.

Deposits
Demand.

Deposits
Time.

Other
Liabili­
ties.

Year.

-

$80,388

$57,692

$1,473,957

$200,000

$34,547

$1,236,476

-

$2,934

1879

-

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

-

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

-

1885

117,114

23,114

2,074,323

200,000

99,077

1,775,246

-

-

$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
1900
1901

6,320

774,201

339,240

20,493,649

2,925,000

1,144,155

16,405,115

-

19,379

14,331

889,073

366,768

22,553,764

3,125,000

1,310,769

18,079,925

-

38,070

24,377,285

3,125,000

1,527,263

19,704,292

-

20,730

1902

31,242,901

3,925,000

2,249,151

24,950,195

118,555

1903
1904

20,270

760,475

354,196

15,695

1,193,116

356,043

761,349

1,520,806

518,057

35,378,775

3,975,000

2,688,177

25,345,013 $3,269,825

100,760

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

519,492

5,470,782

1,291,196

91,987,437

8,842,700

7,832,242

72,857,168

1,914,165

541,162

1913

649,604

4,963,828

1,447,645

100,818,773

9,592,300

8,288,214

78,874,868

3,099,444

953,947

1914


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

REPO RT OF THE

X X XV I

[Pub. Doc,

STATEM E N T No. 17.
B

D

a n k in g

epartm en ts,

A

ll

T

ru st

C

o m p a n ie s .

Jan. 13,1914 Mar. 4, 1914 June 30, 19L Sept. 12,1914 Oct. 31,1914
72
72
71
74
74
Trust Com ­ Trust Com ­ Trust C om ­ Trust C om ­ Trust Com­
panies.
panies.
panies.
panies.
panies.
Assets.
S e c u r it ie s .

United States bonds
Massachusetts bonds
Public funds deposited with United
States Treasury .
.
.
.
Other stocks and bonds .

$29,500
3,836,784

$13,475
3,401,305

$13,875
3,809,647

$30,475
3,789,477

$20,475
3,685,012

358,389
38,499,336

350,139
35,572,788

552,011
35,162,493

645,799
35,497,107

703,473
35,375,889

12,233,716
41,615,597
13,180,744
50,904,949
109,853,981
89,706
1,106,664

12,507,174
36,083,157
14,768,000
50,863,604
115,008,517
63,129
1,117,461

12,506,938
40,300,898
14,179,312
55,020,947
122,689,791
80,074
671,598

12,451,963
40,691,203
13,017,417
58,307,913
130,975,467
128,762
355,710

12,692,364
38,368,667
13,301,249
57,831,513
127,810,271
76,073
422,153

8,909,767
540,946
713,003
183,415

8,043,027
622,036
654,783
189,121

7,862,982
694,225
651,121
192,494

8,047,575
536,074
654,106
205,674

8,078,748
552,092
653,227
219,317

501,988

250,543

383,853

271,284

382,904

35,912,708
6,180,673
22,835,828
635,013
209,491

39,943,658
6,842,495
23,457,216
794,047
363,769

47,146,018
8,286,715
24,439,277
798,814
833,160

30,911,609
6,152,372
21,768,295
779,653
306,476

37,709,534
7,702,549
22,612,953
754,183
671,661

$348,332,198

$350,909,444

$376,276,243

$365,524,411

$369,624,307

$26,342,700
27,982,500

$26,642,700
25,132,500

$26,518,800
24,666,025

$27,041,300
24,936,650

$27,042,300
24,905,900

9,020,827
11,281

9,523,186
_

8,657,017
8,399

9,891,582
8,399

9,880,082
10,899

243,849,859
1,812,649
6,563,686
1,564,007
801,764

246,436,651
2,544,949
6,689,374
1,104,118
1,300,068

258,838,784
6,916,242
6,105,069
2,730,997
1,819,825

258,268,596
1,641,195
7,378,329
623,845
607,931

256,673,414
3,556,754
7,516,665
726,011
1,102,180

L o a n s , e tc .

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 a l E s t a t e , e tc .

Banking houses
.
.
.
.
Real estate b y foreclosure, etc.
Safe deposit vaults .
.
.
.
Furniture and fixtures .
M isc e l l a n e o u s .

Other assets

.

.

.

.

.

C ash .

Due from reserve banks .
Due from other banks .
Currency and specie
Checks on other banks .
Other cash items
.
.

.

.

Liabilities.
Capital stock .
Surplus fund .
U ndivided earnings, less expenses,
interest and taxes paid
Guaranty fund
Deposits, demand: —
Subject to check .
For paym ent of coupons, etc.
Certificates of deposit .
Certified checks .
Treasurer's checks
Deposits, tim e: —
Certificates of deposit not payable within thirty days
Open accounts not payable with. in thirty days .
.
.
.
Due to reserve banks
Due to other banks
Sinking funds, railroads .
Sinking funds, corporations .
Dividends, unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money borrowed .
.
.
.
.
.
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.
Reserved for depreciation of stocks
and bonds .
.
.
.
.


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

3,089,688

3,302,618

7,004,422

5,121,121

7,649,550

6,048,109
1,262,034
15,262,253
310,733
2,818,703
223,243

8,033,542
1,992,788
16,378,860
256,898
345,424
6,566

10,123,643
2,011,650
18,616,451
178,167
324,699
431,934

7,744,374
1,556,534
14,406,417
217,588
334,671
7,221

8,365,403
1,876,137
15,799,335
172,633
355,270
47,912

541,766
214,976
411,420

438,516
242,994
537,692

287,000
513,600
523,519

4,605,467
594,026
539,165

3,523,525
104,087
316,250

$365,524,411

$369,624,307

200,000
$348,332,198

$350,909,444

“

$376,276,243

No,

BANK COMMISSIONER,

X X X V ll

STATEM EN T No. 18.
B

a n k in g

D

epartm en ts,

T

ru st

C

o m p a n ie s

in

B

o sto n .

Jan. 13,1914 Mar. 4, 1914 June 30,1914 Sept. 12,1914 Oct. 31,1914
25
25
23
24
24
Trust C om ­ Trust Com ­ Trust Com ­ Trust C om ­ Trust Com ­
panies.
panies.
panies.
panies.
panies.
Assets.
S e c u r it ie s .

United States bonds
Massachusetts bonds
Public funds, deposited with United
States Treasurer .
.
.
.
Other stocks and bonds .

$29,500
2,839,859

$13,475
2,368,254

$13,475
2,688,924

$13,475
2,600,019

$13,475
2,592,898

248,648
27,668,231

245,305
24,189,765

281,699
22,151,706

322,783
21,744,430

349,444
21,604,096

5,763,207
34,105,104
10,409,352
40,795,865
73,705,466
73,355
1,092,744

5,672,412
29,617,166
12,210,940
40,810,788
79,260,283
46,289
1,103,541

5,472,720
33,430,541
11,081,450
43.516,268
84,480,309
55,873
649,790

5,386,069
32,908,024
9,629,970
46,751,578
92,775,374
106,908
341,790

5,584,909
30,147,804
9,995,-728
46,055,409
90,309,910
50,899
408,233

7,587,467
124,793
431,474
50,287

6,700,515
79,745
381,474
52,730

6,480,349
133,499
378,974
63,785

6,495,755
98,657
382,974
75,675

6,508,681
105,796
384,788
95,171

345,519

109,057

205,345

140,982

254,143

27,394,362
5,730,262
17,482,584
359,132
134,037

31,422,130
6,119,962
18,273,786
468,539
233,678

39,153,197
7,607,910
18,665,248
353,780
659,668

22,303,762
5,431,433
16,598,515
384,203
182,097

28,657,145
7,052,945
17,649,125
380,034
604,901

$256,371,248

$259,379,834

$277,524,510

$264,674,473

$268,805,534

$17,450,000
23,029,000

$17,750,000
20,179,000

$17,250,000
19,736,000

$17,450,000
19,776,000

$17,450,000
19,730,000

L o a n s , e tc .

Loans on real estate
Demand loans with collateral
Other demand loans
Tim e loans with collateral
Other time loans
Overdrafts
Syndicate participations
R e a l E s t a t e , e tc .

Banking houses
Real estate b y foreclosure, etc.
Safe deposit vaults .
Furniture and fixtures
M is c e l l a n e o u s .

Other assets
C ash .

Due from reserve banks
Due from other banks
Currency and specie
Checks on other banks
Other cash items

Liabilities.
Capital stock .
.
.
..
Surplus fund .
.
.
.
.
U ndivided earnings, less expenses,
interest and taxes paid
Deposits, demand: —
Subject to check .
.
.
.
For paym ent of coupons, etc.
Certificates of deposit .
Certified checks .
.
.
.
Treasurer’s checks
Deposits, tim e: —
Certificates of deposit not pay­
able within thirty days
Open accounts not payable with­
in th irty days .
.
.
.
Due to reserve banks
Due to other banks
. . .
Sinking funds, railroads .
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money bor­
rowed .
.
.
.
.
.
Reserved for taxes .
.
.
.
Otherliabilities
.
.
.
.
Reserved for depreciation of stocks
and b o n d s ....................................


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

6,185,461

6,579,433

5,797,908

6,831,300

6,778,667

177,394,116
1,770,582
3,626,405
1,384,786
737,009

180,900,901
2,474,938
3,367,461
964,164
1,245,066

187,784,343
6,844,589
3,282,679
2,326,522
1,724,797

186,024,937
1,586,178
4,489,417
465,526
534,206

183,593,519
3,517,960
5,022,069
578,955
1,001,569

2,146,415

2,393,195

5,798,795

3,607,256

5,957,662

5,076,676
795,446
12,677,071
310,733
2,806,250
205,876

6,808,485
1,517,067
13,925,765
256,898
336,971
2,356

8,698,419
1,497,101
15,255,570
178,167
316,746
192,549

6,167,769
946,892
12,059,934
217,588
333,321
4,468

6,957,847
1,294,801
13,366,755
172,633
350,194
39,321

50,000
172,976
352,446

224,494
453,640

451,865
388,460

3,190,000
524,191
465,490

2,640,000
101,172
252,410

$256,371,248 j $259,379,834

$277,524,510

$264,674,473

$268,805,534

200,000

xxxviii

REPO RT OF TH E

[Pub. Doc.

STATEM E N T No. 19.
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 sto n .

Jan. 13,1914 Mar. 4, 1914 June 30, 1914 Sept. 12,1914 Oct. 31,1914
47
47
48
50
50
Trust Com ­ Trust C om ­ Trust C om ­ Trust Com ­ Trust Com­
panies.
panies.
panies.
panies.
panies.
Assets.
S e c u r it ie s .

United States bonds
Massachusetts bonds
Public funds, deposited with United
States treasurer .
.
.
.
Other stocks and bonds .

$996,925

$1,033,051

$400
1,120,723

$17,000
1,189,458

$7,000
1,092,114

109,741
10,831,105

104,834
11,383,023

270,312
13,010,787

323,016
13,752,677

354,029
13,7/1,793

6,470,509
7,510,493
2,771,392
10,109,084
36,148,515
16,351
13,920

6,834,762
6,465,991
2,557,060
10,052,816
35,748,234
16,840
13,920

7,034,218
6,870,357
3,097,862
11,504,679
38,209,482
•
24,201
21,808

7,065,894
7,783,179
3,387,447
11,556,335
38,200,093
21,854
13,920

7,107,455
8,220,863
3,305,521
11,776,104
37,500,361
25,174
13,920

1,322,300
416,153
281,529
133,128

1,342,512
542,291
273,309
136,391

1,382,633
560,726
272,147
128,709

1,551,820
437,417
271,132
129,999

1,570,067
446,296
268,439
124,146

156,469

141,486

178,508

130,302

128,761

8,518,346
450,411
5,353,244
275,881
75,454

8,521,528
722,533
5,183,430
325,508
130,091

7,992,821
678,805
5,774,029
445,034
173,492

8,607,847
720,939
5,169,780
395,450
124,379

9,052,389
649,604
4,963,828
374,149
66,760

$91,960,950

$91,529,610

$98,751,733

$100,849,938

$100,818,773

$8,892,700
4,953,500

$8,892,700
4,953,500

$9,268,800
4,930,025

$9,591,300
5,160,650

$9,592,300
5,175,900

2,835,366
11,281

2,943,753

2,859,109
8,399

3,060,282
8,399

3,101,415
10,899

66,455,743
42,067
2,937,281
179,221
64,755

65,535,750
70,011
3,321,913
139,954
55,002

71,054,441
71,653
2,822,390
404,475
95,028

72,243,659
55,017
2,888,912
158,319
73,725

73,079,895
38,794
2,494,596
147,056
100,611

L o a n s, e tc.

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 a l E s t a t e , e tc .

Banking houses
Real estate b y foreclosure, etc.
Safe deposit vaults .
Furniture and fixtures
M is c e l l a n e o u s .

Other assets

.

.

.

.

C ash .

Due from reserve banks
Due from other banks
Currency and specie
Checks on other banks
Other cash items

Liabilities.
Capital stock .
.
.
.
Surplus fund .
U ndivided earnings, less expenses,
interest and taxes paid
Guaranty fund
Deposits, demand: —
Subject to check .
For payment of coupons, etc.
!
Certificates of deposit .
Certified checks .
Treasurer’s checks
Deposits, time: —
Certificates of deposit not p ay­
able within thirty days
Open accounts not payable with­
in thirty days .
.
.
.
Due to reserve banks
D ue to other banks
Sinking funds, railroads .
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing m oney bor­
rowed .
.
.
.
.
.
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.


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

943,273

909,423

1,205,627

1,513,865

1,691,888

971,433
466,588
2,585,182

1,225,057
475,721
2,453,095

1,425,224
514,549
3,360,881

1,576,605
609,642
2,346,483

1,407,556
581,336
2,432,580

12,453
17,367

8,453
4,210

7,953
239,385

1,350
2,753

5,076
8,591

491,766
42,000
58,974

438,516
18,500
84,052

287,000
61,735
135,059

1,415,467
69,835
73,675

883,525
2,915
63,840

$91,960,950

$91,529,610

$98,751,733

$100,849,938

$100,818,773

No. 8.]

BANK COMMISSIONER.

X X X IX

STATEM E N T No. 20.
S a v in g s D

epartm en ts,

A

T

ll

ru st

C

o m p a n ie s .

Jan. 13,1914 Mar. 4, 1914 June 30,1914 Sept. 12, 1914 Oct. 31,1914
28
30
31
27
32
Trust C om ­ Trust Com ­ Trust C om ­ Trust C om ­ Trust C om ­
panies.
panies.
panies.
panies.
panies.
Assets.
I n v e st 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 funds .
Railroad bonds and notes
Street railway bonds
Boston Terminal Company bonds .
Telephone Com pany bonds .
National bank and trust company
Loans on real estate
Loans on personal security
Real estate b y foreclosure and in
possession
.
.
.
.
.
Securities acquired in settlement of
indebtedness
.
.
.
.
Taxes and insurance paid on mort­
gaged properties .
.
.
.
Other assets
.
.
.
.
.
Due from national banks and trust
companies
.
.
.
.
.
Cash (currency and specie)
Checks and other cash items .

$898,931
1,192,217
667,835
1,990
249,631

$762,972
1,324,641
809,817
1,990
245,134

$1,704,927
1,236,644
1,057,253
1,990
280,166

$1,566,580
1,333,118
1,112,979
1,990
291,763

$1,398,238
1,352,016
1,144,637
1,990
300,692

448,463
7,543,657
4,287,333

436,401
7,757,690
4,477,788

317,871
8,989,814
4,480,063

323,271
9,579,175
4,516,457

569,489
9,591,871
4,389,543

38,987

43,761

22,275

22,275

23,305

_

-

-

-

-

-

-

-

—

_
-

—
2,397

8,090

15,195

11,648

9,689

552,832
32,909
49,235

776,793
56,747
341

822,073
84,309
17,152

567,302
57,424
1,107

756,326
44,000
2,637

$15,966,417

$16,702,165

$19,029,732

$19,385,089

$19,584,433

$15,808,713
7,725
6,158

$16,517,311
10,914
11,704

$18,784,462
11,580
37,617

$19,135,543
11,092
39,135

$19,307,012
10,056
38,523

138,915
4,906

146,040
16,196

127,013
69,060

155,424
43,895

175,345
53,497

$15,966,417

$16,702,165

$19,029,732

$19,385,089

$19,584,433

Liabilities.

Profit and loss
.
.
.
.
Interest, rents, etc., less current ex-]
penses
Other liabilities
.
.
.
.


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

[Pub. Doc.

REPO RT OF THE

xl

STATEM E N T No. 21.
S a y in g s D

epartm en ts,

T

ru st

C

o m p a n ie s

in

B

osto n .

Jan. 13,1914 Mar. 4, 1914 June 30, 1914 Sept. 12,1914 Oct. 31, 1914
11
10
10
10
9
Trust Com ­ Trust C om ­ Trust C om ­ Trust Com ­ Trust Com­
panies.
panies.
panies.
panies.
panies.
Assets.
I n v e st m e n t s a u t h o r iz e d f o b
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 Company bonds
National bank and trust com pany
Loans on real estate
Loans on personal security
Real estate b y foreclosure and in
possession
.
.
.
.
.
Securities acquired in settlement of
indebtedness
.
.
.
.
Taxes and insurance paid on mort­
gaged properties .
.
.
.
Premium account .
.
.
.
Other assets
.
.
.
.
.
Due from national banks and trust
Cash (currency and specie)
Checks and other cash items .

$436,200
682,973
157,915
1,990
78,589

$306,598
793,046
231,150
1,990
78,589

$1,279,628
637,938
401,261
1,990
108,498

$1,136,432
725,141
425,055
1,990
128,182

$972,706
711,321
448,482
1,990
128,182

376,325
2,895,460
1,905,729

364,263
3,010,196
2,037,605

242,060
3,562,944
1,893,443

247,185
3,830,012
1,969,473

492,785
3,741,735
1,884,779

25,817

30,591

21,105

21,105

22,135

_

_

_

_

_

-

-

-

-

—
345

—
527

—
3,232

—
1,745

—
4,884

229,050
9,898
49,000

329,389
18,206
270

334,412
25,729
16,212

150,613
13,657
1,056

195,608
16,757
1,120

$6,849,291

$7,202,420

$8,528,452

$8,651,646

$8,622,484

$6,740,425
4,640
3,080

$7,092,481
5,094
10,671

$8,410,440
5,595
30,867

$8,513,091
6,228
35,464

$8,510,409
6,228
33,021

97,129
4,017

94,046
128

77,414
4,136

96,618
245

63,617
9,209

$6,849,291

$7,202,420

$8,528,452

$8,651,646

$8,622,484

-

Liabilities.
Deposits .
.
.
.
.
.
Guaranty fund
.
.
.
.
Profit and l o s s ....................................
Interest, rents, etc., less current exOther liabilities

.

.


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

.

.

BANK COMMISSIONER.

No. 8.]

xli

STATEM EN T No. 22.
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

oston.

Jan. 13,1914 Mar. 4, 1914 June 30, 1914 Sept. 12,1914 Oct. 31, 1914
21
21
20
18
18
Trust Com- Trust Com - Trust Com- Trust Com - Trust Companies.
panies.
panies.
panies.
panies.

Assets.
I n v e st 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
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
. _.
Real estate b y foreclosure and in
p o s s e s s i o n ....................................
Securities acquired in settlement of
indebtedness
.
Taxes and insurance paid on mort­
gaged properties .
.
.
.
Premium account .
.
.
.
Other a s s e t s ....................................
Due from national banks and trust
companies
.
.
.
.
.
Cash (currency and specie)
Checks and other cash items .

$462,731
509,244
509,920

$456,374
531,595
578,667

$425,299
598,706
655,992

$430,148
607,977
687,924

$425,532
640,695
696,155

171,042

166,545

171,668

163,581

172,510

72,138
4,648,197
2,381,604

72,138
4,747,494
2,440,183

75,811
5,426,870
2,586,620

76,086
5,749,163
2,546,984

76,704
5,850,136
2,504,764

13,170

13,170

1,170

1,170

1,170

2,052

7,563

11,963

9,903

4,805

323,782
23,011
235

447,404
38,541
71

487,661
58,580
940

416,689
43,767
51

560,718
27,243
1,517

$9,117,126

$9,499,745

$10,501,280

$10,733,443

$10,961,949

$9,068,288
3,085
3,078

$9,424,830
5,820
1,033

$10,374,022
5,985
6,750

$10,622,452
4,864
3,671

$10,796,603
3,828
5,502

41,786
889

51,994
16,068

49,599
64,924

58,806
43,650

111,728
44,288

9,499,745

$10,501,280

9,733,443

$10,961,949

Liabilities.
D e p o s it s .............................................
Guaranty fund
.
.
.
.
Profit and loss
.
.
Interest, rents, etc., less current ex­
penses .............................................
Other liabilities
.
.
.
.


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

[Pub. Doc

REPORT OF THE

xlii

STATEM EN T No. 23.
A

ggregate

of

T

ru st

D

epartm en ts.

Oct. 31, 1914
30
Trust
Companies.

Oct. 31, 1914
11
Companies in
Boston.

Oct. 31, 1914
19
Companies out­
side of Boston.

$75,143
840,860
2,169,375
2,686,813
944,532
4,970,343
1,693,079
16,441,205
3,068,377
16,807,963

83
55
75
61
34
17
96
11
55
97

$45,417
768,946
2,004,816
2,457,130
807,370
4,433,777
1,373,286
14,251,114
2,386,511
14,846,002

33
76
95
12
84
24
96
20
48
01

$29,726
71,913
164,558
229,683
137,161
536,565
319,793
2,190,090
681,866
1,961,961

50
79
80
49
50
93
00
91
07
96

21,631,881
888,918
82,126
87,100

09
90
04
00

14,820,215
875,618
54,140
15,250

30
65
43
00

6,811,665
13,300
27,985
71,850

79
25
61
00

Assets.
S e c u b it ie s .

United States b o n d s ......................................................
State b o n d s ...............................................................
C ity, county and town bonds
.
.
.
.
.
Railroad b o n d s ...............................................................
Street railway bonds .
.
.
.
.
.
.
Miscellaneous b o n d s ......................................................
Bank s to c k s ........................................................................
Railroad s t o c k s ...............................................................
Manufacturing s t o c k s ......................................................
Miscellaneous s t o c k s ......................................................
L oa n s.

Loans
Loans
Notes
Notes

on real estate
.
.
.
.
.
.
.
with collaterals or sureties
.
.
.
.
of i n d i v i d u a l s ......................................................
of c o r p o r a t i o n ......................................................
R eal E sta te .

Real estate o w n e d ......................................................
Real estate b y f o r e c lo s u r e .............................................
M isc e l l a n e otts.

Trust fund a g r e e m e n t s .............................................
Annuities
.
.
.
.
.
.
.
.
.
S u n d r i e s ........................................................................
C ash .

Deposits in savings b a n k s .............................................
Deposits in national banks or trust companies
Cash on h a n d ...............................................................

8,659,600 77
92,398 14

7,675,071 48
82,198 14

984,529 29
10,200 00

269,326 10
205,330 93
563,778 74

269,326 10
205,330 93
523,882 13

39,896 61

955,107 04
1,107,208 62
7,188 71

420,792 06
811,260 08
1,297 43

534,314 98
295,948 54
5,891 28

$84,247,660 92

$69,128,756 62

$15,118,904 30

$72,392,016
9,631,435
2,195,499
4,103
24,606

$59,956,965 34
7,070,308 84
2,097,378 77
4,103 67
-

$12,435,050 81
2,561,126 31
98,120 90

-

Liabilities.
On trust a c c o u n t s ......................................................
As executors, administrators, etc.
.
.
.
.
I n c o m e .................................................................................
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

15
15
67
67
28

$84,247,660 92

$69,128,756 62

-

24,606 28
$15,118,904 30

BANK COMMISSIONER,

No. 8.]

xliii

STATEM E N T No. 24.
R

eserves.

O f Trust Companies in Boston.
C l a ssif ic a tio n of R e s e r v e .

T ota l A m o u n t
c a r r ie d in C a s h ,
R e serve B anks

No.
of
Cos.

DATE
OF
C ALL.

Net
Demand
Deposits.

Reserve
required.

U. S. AND
M a s s . B on d s.
Amount.

Cash .

Per
Cent
of D e­
posits.

Amount.

Per
Cent,
of D e­
posits.

Ü. S.
and
Mass.
Bonds.

Due
from R eserve
Banks.

1914.
Jan. 13

25 $187,444,224 $37,488,844 $42,688,632

22.77

$17,482,584

9.33

Mar. 4

25

192,475,162

38,495,032

46,743,590

24.28

18,273,786

9.49

2,381,729

26,088,075

June 30

23

203,983,930

40,796,786

53,558,314

26.26

18,665,248

9.15

2,702,399

32,190,667

24

197,833,470

39,566,694

39,053,319

19.74

16,598,515

8.39

2,613,494

19,841,310

24

197,470,868

39,494,173

45,401,541

22.99

17,649,125

8.94

2,606,373

25,146,043

$8,051,758

Sept. 12

.

Oct. 31

$2,869,359 $22,336,689

Of Trust Companies outside of Boston.
$71,555,324 $10,733,299 $14,401,927

20.13

$5,353,244

7.48

$9*96,925

10,579,784

14,262,288

20.22

5,183,430

7.35

1,033,051

8,045,807

11,538,662

14,373,424

18.68

5,774,029

7.51

1,121,123

7,478,272

Jan. 13

47

Mar. 4

47

70,531,894

June 30

48

76,924,414

Sept. 12

.

Oct. 31

50

76,652,479

11,497,872

14,374,443

18.75

5,169,780

6.74

1,206,458

7,998,205

50

77,278,370

11,591,755

14,533,995

18.81

4,963,828

6.42

1,099,114

8,471,053

Of A ll Trust Companies.
Jan. 13
Mar. 4
June 30
Sept. 12
Oct. 31

.

22.04

$22,835,828

8.82

72

263,007,056

49,074,816

61,005,878

23.19

23,457,216

8.92

3,414,780

34,133,882

71

280,908,344

52,335,448

67,931,738

24.18

24,439,277

8.70

3,823,522

39,668,939

72 $258,999,548 $48,222,143 $57,090,559

$3,866,284 $30,388,447

74

274,485,949

51,064,566

53,427,762

19.46

21,768,295

7.93

3,819,952

27,839,515

74

274,749,238

51,085,928

59,935,536

21.81

22,612,953

8.23

3,705,487

33,617,096


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

xliv

REPO RT OF THE

[Pub. Doc.

ST A TEM E N T No. 25.
E

Gross earnings .

a r n in g s

.

.

and

.

D

.

iv id e n d s

.

.

.

A

op

.

ll

T

ru st

C

o m p a n ie s .

From Oct.
21, 1913,
to Oct. 31,
1914.

From N ov.
26, 1912,
to Oct. 21,
1913.

From Dec.
5, 1911,
to N ov. 26,
1912.

$20,985,507 41

$16,100,289 11

$15,204,500 96

Less interest paid to depositors in banking departments .

$6,105,401 18

$5,190,124 37

$5,686,866 21

Less interest paid to depositors in savings departments

599,218 26

403,311 75

325,561 17

10,895,073 20

6,571,096 79

5,171,019 48

Less expenses, taxes, premiums and losses
Total d e d u c t i o n s ......................................................

$17,599,692 64

$12,164,532 91

$11,183,446 86

N et e a r n i n g s ........................................................................

$3,385,814 77

$3,935,756 20

$4,021,054 10

Dividends p a i d ...............................................................

2,617,201 00

2,279,714 00

2,241,352 70

$768,613 77

$1,656,042 20

$1,779,701 40

U ndivided earnings for year

.

.

.

.

.

.

.

9,566,396 53

8,679,260 96

7,276,059 56

T o t a l .................................................................................

$10,335,010 30

$10,335,303 16

$9,055,760 96

Transferred to s u r p l u s ......................................................

$249,920 00

$766,080 00

$376,500 00

4,800 94

2,826 63

U ndivided earnings of previous years

.

.

Transferred to guaranty fund of savings department
Total d e d u c t i o n s ......................................................

$254,720 94

$768,906 63

$376,500 00

N et undivided e a r n i n g s ......................................................

$10,080,289 36

$9,566,396 53

$8,679,260 96

N

umber

of

D

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 eight years is given below: —
Date.

October 31, 1907,
October 31, 1908,
November 16, 1909,
November 10, 1910,
December 5, 1911,
November 26, 1912,
October 21, 1913,
October 31, 1914,


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

N um ber of
Depositors.

128,953
134,881
152,381
171,830
203,308
233,446
259,072
299,261

No. 8.]

BANK COMMISSIONER.

xlv

STA T E M E N T No. 26.
L is t

of

L egal Investm ents.

The following is a list of bonds and notes which, in the opinion
of this department, are now legal investments under the provisions
of clauses second, third, fourth, fifth and sixth of section 68 of chapter
590, Acts of 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 outstanding, and
from which debt statements could be obtained. Clause third is the
general law relating to railroad bonds. Clause fourth provides that
issues which complied with the old law shall continue, under certain
conditions, to be legal investments. The banks may not only con­
tinue to hold such bonds, but may invest further in them. In this
list the bonds which do not comply with clauses second and third,
but continue legal through clause fourth, 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 of cities, towns and districts men­
tioned in the list should not be made without further inquiry, as both
their indebtedness and their valuations for the assessment of taxes
are constantly changing.


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

xlvi

REPORT OF THE

Pub. Doc,

Public F unds .
(Covering counties, cities, towns and districts which appear 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: —
California
Connecticut
Delaware
Illinois
Indiana
Iowa

Maine
Massachusetts
Michigan
Minnesota
Missouri
Nebraska

New Hampshire
New Jersey
New York
Ohio
Oregon
Pennsylvania

Rhode Island
Vermont
Washington
Wisconsin
District of Columbia

Bonds or notes of the following counties, cities, towns and districts in New England: —
M a in e .

Counties.
Androscoggin
Aroostook
Cumberland
Kennebec
Washington

N e w H a m p s h ir e .

Counties.
Belknap
Hillsborough
Merrimack
Rockingham
Cities.

Cities.
Auburn
Augusta
Bangor
Bath
Belfast
Biddeford
Brewer
Eastport
Ellsworth
Gardiner
Hallowed
Lewiston
Old Tow n
Portland
Saco
South Portland
Westbrook
Towns.
Boothbay Harbor
Camden
Caribou
Dexter
Eden
Fairfield
Kennebunk
Lisbon
Lubec
Old Orchard
Pittsfield
Rumford
Skowhegan
Water Districts.
Augusta
Gardiner
Kennebec
Kittery*
Portland
Van Buren*

Berlin
Concord
Dover
Franklin
Keene
Laconia
Manchester
Nashua
Portsmouth
R ochester
Somersworth
Towns.
Ashland
Boscawen
Clarem ont
Derry
Gorham
Haverhill
Jaffrey
Milford
N orthumberland
Pembroke
Peterborough
Plaistow
Raymond
Salem
Walpole
W ilton
Water District.
North Conway*
V erm ont.

Cities.
Barre
Burlington
Montpelier
Rutland
St. Albans
Vergennes

Towns.
Bennington
Brattleborough

M a s sa c h u se t t s .

Bonds or notes of any
county, city, town or
incorporated district!
of the Commonwealth
of Massachusetts

R h o d e I sl a n d .

Cities.
Cranston
Newport
Providence
Woonsocket%

Towns.
Barrington
Bristol
Burrillville
Coventry
Cumberland
East Greenwich
East ProvidenceX
Jamestown
Johnston§
LincolnX
N orth Kingstown
North Smithfield
South Kingstown
Tiverton
Warren
W arwick
Westerly

Cities.
Ansonia
Bridgeport
Bristol
Derby
Hartford
Meriden
Middletown
New Britain
New Haven
New London
Putnam
Rockville
Stamford
W aterbury
Willimantic

Towns.
Branford
Brooklyn
Canton
East H addam
East Lym e
Ellington
Enfield
Essex
Fairfield
Hamden
Litchfield
Madison
Manchester
Meriden
Milford
Norfolk
Norwich
Southington
Stafford
Stamford
Thomaston
Torrington
Wallingford
W atertown
W indham
Windsor
W indsor Locks

C o n n e c t ic u t .

County.
Fairfield

* 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.
+ 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.]

BANK COMMISSIONER.

xlvii

Legally authorized bonds for municipal purposes, etc., of the following cities outside of New
England: —
Akron, O.
Elmira, N. Y .
McKeesport, Penn.
Saginaw, M ich.
Albany, N. Y .
Flint, Mich.
Milwaukee, Wis.
St. Joseph, M o.
Allentown, Penn.
F t. W ayne, Ind.
Minneapolis, Minn.
St. Louis, M o.
Altoona, Penn.
Grand Rapids, Mich.
Newark, N. J.
St. Paul, Minn.
Amsterdam, N. Y ,
Hamilton, O.
New Castle, Penn.
San Francisco, Cal.
Auburn, N. Y.
Harrisburg, Penn.
Niagara Falls, N. Y .
Scranton, Penn.
Bay City, Mich.
Indianapolis, Ind.
Oakland, Cal.
Seattle, Wash.
Buffalo, N. Y.
Jackson, Mich.
Omaha, Neb.
Sioux City, la.
Canton, O.
Jersey City, N. J.
Oshkosh, Wis.
South Bend, Ind.
Cedar Rapids, la.
Johnstown, Penn.
Paterson, N. J.
Spokane, Wash.
Joliet, 111.
Chicago, 111.
Peoria, 111.
Springfield, M o.
Cleveland, O.
Joplin, M o.
Philadelphia, Penn.
Superior, Wis.
Columbus, O.
Kalamazoo, Mich.
Pittsburgh, Penn.
Syracuse, N. Y.
Davenport, la .
Kansas City, M o.
Portland, Ore.
Terre Haute, Ind.
Dayton, O.
La Crosse, Wis.
Quincy, 111.
Toledo, O.
Decatur, 111.
Lancaster, Penn.
Racine, Wis.
Troy, N. Y .
Des Moines, la.
Lima, O.
Reading, Penn.
Utica, N. Y .
Detroit, Mich.
Los Angeles, Cal.
Rochester, N. Y .
Williamsport, Penn.
Dubuque, la.
Louisville, Ky.
Rockford, 111.
York, Penn.
Duluth, Minn.
Youngstown, O.
R a il r o a d B o n d s .
B AN G O R & A RO OSTOOK S Y S T E M .f, f
Bangor & Aroostook B .R .f, If
First
“
Piscataquis Divisiont, IT
“
“
Van Buren Extensiont, If
Medford
“
t, 1i
Aroostook Northern R.R.t, 11
Northern Maine Seaport R .R A, 11
R .R . and terminal first

44
44
44
44

BOSTON & M A IN E SYSTE M .
Plain
“

Boston & Lowell R .R .
.

.

*
i
it
ii
*
Connecticut & Passumpsic Rivers R .R .
Concord & Montreal R .R .
Connecticut River R .R .

First
Consolidated mortgage
Plain
“

44

Fitchburg R .R .

Plain
“
“
44

“

44
44
44
44
44
“

.

T roy & Boston R .R .
Vermont &Massachusetts R .R .
Sullivan County R .R .
Vermont Valley R .R .

First

.

.

5s

.
.

.
.

4s
4s
4s
4s
3 is
3 is
3 is
3 is
4s
4s
4s
4s
4£s

.
.

3 is
3 is

.
.
.
.
.
.

.
.
.

4s
4s
3 is
4s
3 is
4s
4s
4s
4 is
4 is
4|s
5s

.
.

7s
3 is

.

4 is

.
.
.
.
.
.
.

.
.
.

.

M A IN E C E N T R A L SYSTE M .
Collateral trust
First
44
44
44
44
44

Mortgage
Extension mortgage
First
Consolidated .
First

44

First refunding
t 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

5s
5s

First

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. .
.
.
.

.
.

4s

.

4s
4s
4§s
3 is

.
.

5s
4s

.
.

1943
1943
1943
1937
1947
1935
1915
1916
1917
1918
1919
1921
1923
1925
1926
1927
1929
1932
1933
1943
1920
1921
1923
1943
1915
1916
1920
1920
1921
1925
1927
1928
1928
1932
1933
1934
1937
1924
1923
1924
1940
1923
1920
1923
1920
1917
1929
1933
1930
1930
1954
1926
1928
1917
1955

[Pub. Doc

REPORT OF THE

xlviii

N E W Y O R K , N EW H A V E N & H A R T F O R D SYST E M .
.
.
.

Boston & Providence R .R .
H olyoke & Westfield R .R .
Norwich & Worcester R .R .
Old Colony R .R .

.

.

.

.
.
.

.
.
.

4s

. Plain
. First
. Debenture
( Plain

.
.

Providence & Worcester R .R .

4s
4s
4s
4s
3 is
4s

1918
1951
1927
1924
1925
1938
1932
1947

4s
4s
4s
6s
5s
5s
5s

1995
1958
1928
1915
1937
1928
1940

4is

First

A TCH ISO N , T O P E K A & S A N T A FE R A IL W A Y 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.

.
.
.
.

General mortgage
First
“
“

.
.
.

.

B A L T IM O R E & OHIO S Y S T E M .
Baltimore & Ohio R .R .
“
“
“
“ .
“
“
“ .
Ohio River R .R .
.

.

.

.

.

.
.

.

.

.

.

.

.

.
.

,
.

.

Extension
Prior lien
First mortgage
Southwestern Division
First

.

.
.

.

.
.

.
.

.

W est Virginia & Pittsburgh R .R .

4s
3§s
4s
3 is
5s
f 4s
*U s

1935
1925
1948
1925
1936
1990

.

5s

1987

.

3Js 1 1987
4s
1915
7s
1926
4s
1929

.
.
.
.
.

C E N T R A L OF N E W JE R S E Y S Y S T E M .
Central R .R . of New Jersey

.

.

.

.

.

.

General

C H IC A G O & N O R T H W E S T E R N S Y S T E M .
General
Consolidated
Extension
Sinking fund mortgage
Mortgage
First
Consolidated
First
“

Chicago & Northwestern R y.
“
“ sinking fund

Cedar Rapida & Missouri River R .R . .
Northwestern Union R y. .
Milwaukee, Lake Shore & Western R y.
Marshfield Extension
Michigan Division
Ashland _ “
Ext. and imp.
.
.
.
.
.
.

(S j
7s
7s
6s
5s
6s
6s
5s
4s
7s
3 Js
3 is
3 is
3 is
3is
3 is
6s
3 is
3 is
3 is
3 is

44

Mortgage
First

Wisconsin Northern R y. .
.
.
Winona & St. Peter R .R . .
.
.
Boyer Valley Ry.*
.
.
.
Minnesota & Iowa R y.
.
.
.
Southern Iowa Ry.* .
.
.
.
Princeton & Northwestern R y. .
Peoria & Northwestern Ry.*
Mankato & New Ulm Ry.*
Fremont, Elkhorn & Missouri Valley R .R . .
Minnesota & South Dakota Ry.*
Iowa, Minnesota & Northwestern R y.
Sioux City & Pacific R .R . .
.
.
.
M anitowoc, Green Bay & North Western R y.

Z.

44
44
44
First
44
44
44

Consolidated
First

44
44
44

1916
1917
1921
1922
1924
1925
1929
1931
1916
1923
1924
1925
1926
1926
1929
1933
1935
1935
1936
1941

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
“

“
“
“
“
“
“
“
“
Burlington & Missouri River R .R .
Republican Valley R .R .
.
.
Tarkio Valley R .R . .
.
.
Nodaway Valley R .R .
.
.


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

Iowa
“
Denver Extension
Nebraska
“
in Nebraska
.
.
.
.
.
.
.
.
.
.
.
.

.
;

.

General
Mortgage

.
.
.
.
.

_
_
Mortgage
Consolidated .
Mortgage
First

* Secured on less than 100 miles of railroad.

-

4s
j 3
* \ 4s
j 4s
* 1 5s
4s
. 4s
. 6s
. 6s
. 7s
. 7s

1958
1949
1919
1922
1927
1918
1919
1920
1920

BANK COMMISSIONER.

No. 8.]

xlix

C H IC A G O , M IL W A U K E E & ST. PA U L SYST E M .
Chi., M il. & St. Paul R y.

.

.

.

.

General and refunding
European Loan
Convertible
Debenture
General

“
“ La Crosse & Davenport Division
“
“
“
“ Dubuque
“
“
“
“ Wisconsin Valley
“
“
“
“ Chicago & Pacific Western
“
“ Wisconsin & Minnesota
“
“ Chicago & Lake Superior
“
“ Chicago & Missouri River
Dakota & Great Southern R y. .
Fargo & Southern R y.
Milwaukee <3e Northern R .R .

First
“
“

.
.

.

.
.

.
.

“
“
“
Extension
Consolidated extended
First
.
.
.
.

Chicago, Milwaukee & Puget Sound R y.

4§s
4s
4 js
4s

OM AHA SYSTEM .
Consolidated .
First
.
.
.
.
**
#

Chicago, St. Paul, Minneapolis & Omaha R y.
Chicago, St. Paul & Minneapolis R y. .
North Wisconsin R y.
.
.
.
.
St. Paul & Sioux C ity R .R .

1

r
4s
L4jsJ
5s
6s
. 6s
5s
5s
5s
5s
5s
6s
4£s
4Js
4s

2014
1925
1932
1934
1989
1919
1920
1920
1921
1921
1921
1926
1916
1924
1934
1934
1949

3§s
6s
6s
6s
6s

1930
1918
1930
1919

4s
7s
4 is
6s
3 is

1943
1917
1942
1924
1946

6s
7s

1921
1915

4Js

1961

fS T E M .
D E L A W A R E & HU DSON SYSTE
Delaware & Hudson Co.
“
Canal Co.
Adirondack R y.
Schenectady & Duanesburg R .R
Albany & Susquehanna R .R .

First refunding
First
.
.
**
Convertible

.

.

.

DELAW ARE, LACK AW AN NA & W ESTE RN SYSTEM .
New York, Lackawanna <& Western Äy.§
Morris & Essex R .R . .
.
.
.

First
First consolidated

.

.
.

G R E A T N O R T H E R N SYSTE M .
Great Northern R y. .
Minneapolis Union R y.

.

.

.

.

.

.

St. Paul, Minneapolis & M anitoba R y.

.

First refunding
First
Consolidated

Montana extension
Pacific extension
Northern Division

Eastern R y. of Minnesota
Montana Central R y.
Wilmar & Sioux Falls R y.
Spokane Falls & Northern R y.

First

ILLIN O IS C E N T R A L S Y S T E M .
Refunding mortgage

Illinois Central R .R .

Sterling Extended
Gold Extended
Sterling
Gold

Gold Extended
Springfield Division
Kankakee & South Western R .R .
Cairo Bridge
St. Louis Division
Purchased Lines
Collateral Trust
Western Lines% .
Louisville DivisionX
Omaha DivisionX
Litchfield Division*
Collateral Trust II

First

’ S }1922
14s I
4 is I* 1933
6s
' 4s
1937
4s
1940
4s
1948
5s
1937
6s
5s
1938
6s
1939

{£ }
4s
4s
3 §s
3s
4s
3 is
3 is
3 is
5s
4s

1955
1951
1950
1951
1951
1951
1951
1951
1921
1950

{lis}1951
3 is
3 is
4s
3 is
3s
3s
4s

1952
1950
1951
1953
1951
1951
1952

§ N ot guaranteed b y endorsement.
+ Bonds do not cover 75 per cent, of the railroad owned in fee at the date of the mortgage by the
railroad corporation on the railroad of which the mortgage is a lien.
* Secured on less than 100 miles of railroad.
|| Railroad covered by one of the issues pledged as collateral is not operated by Illinois Central R .R .


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

1

'[Pub. Doc.

REPO RT OF THE

L A K E SHORE & M IC H IG A N SO U TH ER N SYST E M .
First general .
First

Lake Shore & Michigan Southern R y.
Kalamazoo, Allegan & Grand Rapids R.R.* .
Mahoning Coal R.R.*
.
.
.
.
Pittsburgh, McKeesport & Youghiogheny R.R.*

.

3 is
5s
5s
6s

1997
1938
1934
1932

.

4s

1948

.
.
.

4s
6s
5s
5s
6s
4Js
6s
4 is
6s
5s
6s
5s

1940
1930
1937
1931
1919
1931
1921
1945
1930
1937
1921
1936

. 3 is
.4 s
.5 s
3|s
.4 s
.5 s

1952
1940
1931
1951
1957
1939

.
.

L E H IG H V A L L E Y SYSTEM.
First

Lehigh Valley R .R .

LOU ISVILLE & N ASH V ILLE SYSTE M .
Unified .
General
First
Trust
Sinking fund .
General

Louisville & Nashville R .R .
li
“
“
“
44
44
4«

44

44

Evansville, Henderson & Nashville Division
Louisville, Cincinnati & Lexington R y.
Southeast & St. Louis Division .
Mobile & Montgomery
.
.
.
.
New Orleans & Mobile Division, $5,000,000
Nashville, Florence & Sheffield R y . .
Pensacola & Atlantic R .R .
South & North Alabama R .R . .

.

—

—

—

-

-

-

.
.
.
.

First
“
First consolidated

.

M IC H IG A N C E N T R A L SYSTE M .
Michigan
Michigan
Michigan
Michigan
Michigan
Michigan

Central R .R .
.
.
.
.
.
Central-Michigan Air Line R .R . .
.
Central-Detroit & Bay City R .R .
.
Central-Jackson, Lansing & Saginaw R .R .
Central-Joliet & Northern Indiana R .R *
Central-Kalamazoo & South Haven R.R.*

.
.
.

.
.
.

First
“
“

.
.

.
.

.
.

“
“

.
.

.
.
.

.
.
.

.
.

.
.

M IN N EAPOLIS, ST. PA U L & SAU LT STE. M A R IE SYSTEM.
Minneapolis, St. Paul & Sault Ste. Marie R y .
Minneapolis & Pacific R y.
.
Minneapolis, Sault Ste. Marie & Atlantic R y.

.

.

.

.

.
.

First consolidated
First

.

4s
4s
4s

1938
1936
1926

5s
6s
6s
6s
6s
6s

1928
1917
1917
1917
1923
1923

N A SH V ILLE , C H A T T A N O O G A & ST. LOUIS SYST E M .
Nash., Chat. & St. Louis R y.
“
“
“
“
“
“
“
“
“
“

.
.
.
.
.
.
Tracy C ity Branch
.
.
Fayette & M cM innville Branch
Lebanon Branch
.
.
Jasper Branch Extension
.
Centreville Branch .
.
.

First consolidated
First
“
“
“
.
.
“
. .

N E W Y O R K C E N T R A L SYSTE M .
New York Central & Hudson River R .R .
.
Beech Creek R .R .
.
.
.
.
.
Mohawk & Malone R y.
New York & Harlem R.R.§
.
.
.
Rome, Watertown & Ogdensburg R.R.§

.

.
.

.

.

.
.

“
Terminal R.R.§ .
Norwood & Montreal R.R.%
.
.
.
.
.
Oswego R.R. Bridget
Syracuse, Phoenix & Oswego R.R.§
Carthage. Watertown & Sachet's Harbor R.R.§
.
Utica & Black River R.R.%
.
.
.
.
.
Boston & Albany R .R .
.
.
.
.
.
.
“

“

“


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

.
.

.

.
.

.
.

.
.

.

.
.
.

Mortgage
First
.

.
.

Mortgage

.

.

Consolidated .

.

First
li

.
.

.
.

Consolidated .
First
.
.
Plain
.
.
“

.
.

.
.
.
.
.

.
3|s
.4 s
4s
.
3 is
i 5s
. 1 4s
[ 3Js
.5 s
. 5s
6s
6s
.5 s
.4 s
.
3 is
S ia

4s
4s
4s
5s
* Secured on less than 100 miles of railroad.
§ N ot guaranteed by endorsement.

1997
1936
1991
2000
1922
1918
1916
1915
1915
1931
1922
1952
1951
1933
1934
1935
1937
1938
1963

No. 8.]

li

BANK COMMISSIONER.

N O R T H E R N PA C IF IC SYSTEM .
Northern Pacific R y.
.
.
.
“
"
“
.
.
“
“ St. Paul & Duluth
“
“
“
St. Paul & Northern Pacific R y.
.
St. Paul & Duluth R .R .
.
.
.
Duluth Short Line R y .
.
.
.
St. Paul & Duluth R .R .
.
.
.
“
“
“
.
.
.
Washington Central R y .
.
.
.
Washington & Columbia River R y.

.
.
.
.
division .
.

. Refunding and im provement 4Js
. 33
. General lien
4s
.
. 4s
. Prior lien
.
6s
.
. 5s
. First
“
,. .. . 5s
.
. 5s
. Second .
4s
. Consolidated .
. First
4s
.
4s
.
“

.

.
.
.
.
.

.
.
.
.
.

.

2047
2047
1996
1997
1923
1931
1916
1917
1968
1948
1935

PE N N S Y L V A N IA SYSTEM .
Pennsylvania R .R .

Consolidated

.

44
44

**
First
“
“
Consolidated
First

Sunbury & Lewiston Ry.* .
Sunbury, Hazleton & Wilkesbarre Ry.*
West Chester R.R.*
Western Pennsylvania R .R .
Pittsburgh, Virginia & Charleston Ry.*
South West Pennsylvania R .R . .
Junction R.R.*

44

General

44

Philadelphia & Erie R .R . .
United New Jersey R .R . & Canal Co.

General

Delaware River R.R. cfe Bridge Co.*
Erie & Pittsburgh R .R *
Cleveland & Pittsburgh R .R .

First
General

Allegheny Valley R y.
Cambria & Clearfield R .R .

General
First

44
44
44
44

44
44
44

5s
4s
Sis
4s
4s
5s
5s
4s
4s
7s
Sis
f 6s
5s
[4 s
4s
4s
4s
4s
3ès
4s
Sis
/ 4ès
\3èsJ
Sis
Sis
4s
5s

1919
1943
1945
1948
1936
1928
1919
1928
1943
1917
1930

1923
1929
1944
1948
1951
1936
1940
1942
1948
1950
1942
1941

4s
4s

1947
2008

3 is
4|s
4s
4s
4s
4s

1947
1927
1928
1940
1916
1961

5s
4s
5s
5s
5s
5s
5s
5s
5s
5s
5s
5s
5s
5s
5s
5s
4s

1919
1954
1917
1917
1917
1924
1918
1915
1920
1916
1919
1923
1924
1919
1920
1918
1954

1920

U N IO N PA C IFIC SYSTEM .
Union Pacific R .R .

.

Boston Terminal Co. || ||
Boston, Revere Beach & Lynn R .R .t
Bridgton & Saco River R .R .
New London Northern R .R .
Narragansett Pier R .R .f
Portland Terminal Co.

First mortgage
First lien and refunding

M ISCELLAN EO US.
.
.
.
. First

St r e e t

.

.

.

. Consolidated
First

.

.

.

. First

R

a il w a y

B

on ds.

B A Y S TA TE S T R E E T R A IL W A Y C O M P A N Y .
Boston, Milton & Brockton Street R y. Co. .
Boston & Northern Street R y. Co.
Braintree & W eymouth Street R y. Co.
Bridgewater, Whitman & Rockland Street R y. Co.
Brockton, Bridgewater & Taunton Street R y. Co.
Brockton Street Ry. Co. .
.
.
.
.
Brockton & East Bridgewater Street R y. Co.
Dighton, Somerset & Swansea Street R y. Co.
Georgetown, Rowley & Ipswich Street R y Co.
Gloucester, Essex & Beverly Street R y. Co.
Haverhill, Georgetown & Danvers Street R y. Co.
Lowell, Lawrence & Haverhill Street R y. Co.
Lynn & Boston Railroad Co.
.
.
.
.
M ystic Valley Street R y. Co.
.
.
.
.
New Bedford, Middleboro & Brockton Street R y. Co.
Norfolk Central Street R y. Co. .
.
.
.
Old Colony Street R y. Co.
.
.
.
.

First mortgage
Refunding first mortgage
First mortgage
44
44

44
44
44

44
44
44

44

44

44
44

44
44

44
44

44
44

Refunding first mortgage

* Secured on less than 100 miles of railroad.
|| || Legalized by special act of General Court,
f Dividends paid for insufficient number of years.


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

lii

REPORT — BANK COMMISSIONER.

BAY STATE STREET

[Pub. Doc. No. 8.

R A IL W A Y C O M P A N Y — Concluded.

Peoples Street R y. Co.
.
.
.
.
Providence & Taunton Street R y. Co.
Rockland & Abington Street R y. Co. .
South Shore & Boston Street R y. Co.
Taunton & Brockton Street R y. Co. .
Wakefield & Stoneham Street R y. Co.
West Roxbury & Roslindale Street R y. Co.

.

.

5s
5s
6s
5s
5s
5s
5s

1928
1918
1915
1919
1917
1915
1916

5s

1928

5s
4s

1918
1922

5s
4Js
5s

1917
1921
1921

5s
5s
5s

1915
1920
1923

5s
5s

1918
1918

5s
5s

1925
1929

4s
5s
5s
5s

1923
1922
1926
1920

4Js

1934

4s
4s
4s
4Js
4 |s
4s
5s
5s

1915
1916
1917
1923
1930
1932
1932
1944

.
.

5s
5s
5s
4Js
5s
4i-s
4£s
5s
5s
5s
4Js
4§s

1921
1923
1927
1920
1927
1930
1926
1919
1923
1917
1922
1925

.

4s

1929

“
“
“
“
First mortgage

.

BOSTON & R E V E R E E L E C T R IC S T R E E T R A IL W A Y C O M P A N Y .
Boston & Revere Electric Street R y. Co.

.

E AST M ID D L E S E X
East Middlesex Street R y. Co.

.

.

.

Refunding first mortgage

S T R E E T R A IL W A Y C O M P A N Y .

.
.

.

Plain
“

.

.

.

.

.

F IT C H B U R G & L E O M IN S T E R S T R E E T R A IL W A Y C O M P A N Y .
Fitchburg & Leominster Street R y. Co.
.
“
Leominster, Shirley & Ayer Street R y. Co. .

.

.

.

.

.

.

First mortgage
Consolidated mortgage
First mortgage

H O LY O K E S T R E E T R A IL W A Y C O M P A N Y .
Holyoke Street Ry. Co.

.

.

.

.

.

.

.

Debenture

M ILFO RD & U X B R ID G E S T R E E T R A IL W A Y C O M P A N Y.
Milford, Holliston & Framingham Street R y. Co.
Milford & Uxbridge Street R y . Co.
.
.
.
NAHANT & LYNN
Nahant & Lynn Street R y. Co. .

.

.

.
.

.

Mortgage
“

.

S T R E E T R A IL W A Y C O M P A N Y .

.

.

.

.

First mortgage

S P R IN G F IE L D S T R E E T R A IL W A Y C O M P A N Y .
Springfield Street R y. Co. .
.
.
Springfield & Eastern Street R y. Co. .
Western Massachusetts Street R y. Co.
W oronoco Street R y. Co.

.

.
.
.

.
.
.

.
.
.

.
.

First mortgage
“
“
“
“
“

UNION S T R E E T R A ILW A Y C O M PA N Y.
Union Street Railway Co. .

.

.

.

.

.

.

Mortgage

W EST E N D S T R E E T R A IL W A Y C O M P A N Y .
W est End Street R y. Co.

Debenture

W O R C E S T E R C O N SO L ID A T E D

S T R E E T R A IL W A Y C O M P A N Y .

Marlborough & W estborough Street R y. Co.
Uxbridge & Blackstone Street R y. Co.

Gold mortgage
First
“
Debenture

Worcester Consolidated Street R y. Co.
Worcester
Worcester
Worcester
Worcester
Worcester

&
&
&
&
&

.
“
Refunding first mortgage
First mortgage

Blackstone Valley Street R y. Co.
Clinton Street R y. Co. .
Holden Street R y. Co.
Marlborough Street R y . Co.
Southbridge Street R y. Co.

T

elephone

American Telephone & Telegraph Co.


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

C om pany B

onds.

Collateral trust

.

ABSTRACT OF ANN U AL REPORTS
OF TH E

for

S a v in g s ,
S H O W I N G T H E I lt

CONDITION AT THE CLOSE OF BUSINESS


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

O ctober

31, 1914.

2

REPORT OF THE

[Pub. Doc.

ABINGTON SAVINGS BANK, ABINGTON.
6 CENTRE AVENUE.
Incorporated March 17, 1853.

Number of corporators, 63; number of trustees, 17.

W illiam J, C oughlan , President.
D avid V. P oole , Treasurer.
G eorge W . N ash ,* Clerk of the Corporation.
Board of Trustees: W . B. A hnold , C. L. B a k e r , W . J. C oughlan , C. H . E dson , T . F. G il e s , I. C.
H owland , G. W . K elle y , J. C. K im ball , W . E. L y o n , A . H. N ash , G . W . N ash , W . S.
O ’B r ie n , C. M . P ac ka rd , D . V . P oole , J. W . Spkoul , W . F. T h a y e r , F. G. W h ea tley .
Board of Investment: C. M . P ac ka r d , W . J. C oughlan , J. W . Spr o u l , C. L. B a k e r , F. G.
W h e a tle y , W . S. O’B r ie n .
Auditing Committee: A . H. N ash , W . E . L yon , C. M . P ac ka rd .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay­
able the first Tuesday 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 .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
. ■
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
642 loans on real estate (average of each, $2,818.36) .
.
.
.
$1,809,684 50
Less amount due on uncompleted loans .
.
.
.
.
.
300 00
40 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed value, $4®>800)
Real estate b y foreclosure, etc. (assessed value, $32,900) .
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

$289,671
561,672
86,867
4,950
55,798
52,103
65,951

00
75
50
00
75
00
40

1,809,384
142,514
30,000
21,276
23,695
3,270

50
00
00
37
42
78

. $3,147,155 47

Liabilities.
Due depositors on 5,358 accounts, averaging $533.56 each
(Accounts opened during year, 457; closed, 358; increase, 99)
Surplus: —
k, a. Guaranty fund (5% of deposits; increase during year, $3,146) .
b. Profit and loss {increase during year, $16,220.03) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
$16,166 57
b. R ent
.
.
.
.
.
.
.
273 64

$2,858,790 11
142,961 00
125,739 74

$16,440 21
440 86

Less current expenses not charged off
Unearned discount

.

.

.

15,999 35
3,665 27

.
T otal Liabilities .

.

.

.

.

$3,147,155 47

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
$1,101.83
$9,541.13
Amount paid for
$3,089.95 $4,752.50
$536.00 $60.85
.35
3.03
Cost per $1,000 of assets
.98
1.51
.17
.02
1.88
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $146,329.20.


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

Since deceased.

No. 8.}

BANK COMMISSIONER.

o

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 5.11 per cen t.): 4 bi% , $63,500; 5%, $1,466,114; 51^%, $87,125; 6%,
$192,645.50.
Personal loans (averagerate, 5.64 per cen t.): 4 % % , $27,500; 5%, $31,750; 5 bj% , $26,000; 6%, $16,264;
6M % , $25,000; 7%, $16,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.31.per cent.); 3%, $30,000; 3J^%, $314,900;
3 ^ % , $60,000; 4%, $547,500; 4 ^ % , $40,000; 5%, $68,600; 5}4% , $25,000; 6%, $31,200; 8%,
$2,300; 10%, $10,000; 12%, $20,000. .
Number of loans not over $3,000 eacb, 550, amounting to $702,998.50.
42 real estate loans made during year, amounting to $66,460,

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 2,584, amounting to
.

.

Num ber of withdrawals during year, 4,218, amounting to
Net increase in amount due depositors

.

.

.

.

.
.

.
.
.

.
.

.
.
.

.

.

.

.

.
.
.

.
.

.
.

$55,095 99
55,763 87
301,682 08

.

$412,541 94
366,935 61

.

$45,606 33

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 4s
20.000 Boston 4s
20.000 New Bedford 4s
10.000 Taunton 3J4s
9,900 Abington 3J^s
14.000 Abington 4s
7.000 Bedford 4s
10.000 Brookline 4s •
10.000 Meriden, Ct., 3J^s
10.000 Middleborough 4s
4.000 Rockport 4s
10.000 Shelburne Falls 4s

Public Funds, Notes.
$20,000 Plymouth Co. 3J^s
5,000 Plymouth Co. 4}4s
10.000 Brockton 3bJs
10.000 Lowell 5bis .
45.000 Abington 3%s
15.000 Hanover
20.000 Rockland 5s

12.000 Portland & R. Falls 4s
10.000 Vermont Valley 4bis

$5,000 Rockland 5J^s
10,000 Winchester 5bis
Railroad Bonds.
$50,000 Baltimore & Ohio 3bis
15.000 Boston & Albany 4s
10.000 Boston & Lowell 3 bs
11.000 Boston & Lowell 4s
15.000 Boston & Maine 3)^s
75.000 Boston & Maine 4s
10.000 Boyer Valley 3bis
20.000 C., B. & Q. 3 bs
30.000 Chicago & North West. 4s
7,000 Concord and Montreal 4s
35.000 Fitchburg 3b£s
27.000 Fitchburg 4s
30.000 Illinois Central 3s
30.000 Illinois Central 3bis
80.000 N. Y., N. H. & H. 3Hs
44.000 N. Y „ N. H. & H. 4s
20.000 No. Maine Seaport 5s
28.000 Old Colony 4s
25.000 Penobscot Shore Line 4s

Street Railway Bonds.
$25,000 Boston Elevated 4s
25.000 Boston Elevated 4bis
38.000 West End 4s

Bank Stocks.
Shs.
100 Abington Nl. Bk.
26 First Nl. Bk., Adams
150 First Nl. Bk., Boston
100 Merchants Nl. Bk., Boston
38 Mt. 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals
51

No.
. 1,733
.
312
177
.
185
58
68

Amount.
$31,463 00
25,759 09
27,629 36
67,986 02
38,607 48
70,587 07

. 2,533

$262,032 02

No.
From women
1,209
From guardians
18
From religious and chari32
table corporations .
In trust .
.
.
.
127
Totals

transfers, amounting to $39,650.06, not included in above table.

D a t e s of E xam ination and A u dit , September 14-19 inclusive.


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

1,386

Amount.
$139,123 83
3,217 50
4,995 07
22,792 86
$170,129 26

4

REPORT OF THE

[Pub. Doc.

AMHERST SAVINGS BANK, AMHERST.
9

and 11 SOUTH PLEASANT STRE ET.

Incorporated April 5, 1864.

Number of corporators, 23; number of trustees, 12.

G e o r g e C u t l e r , Clerk of the Corporation.
F . 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.
A C a d w e l l , H . T . C o w l e s ,.
Board of Trustees: F.
F . D e n e l , M . A . D ic k in s o n , J. C. H a m m o n d , L. D . H i l l s , G . S. K e n d r ic k ,
G e o r g e C u t l e r , C. F.
H . S. S h ip m a n .

Board o f Investment: E . D . B a n g s , G. S. K e n d r ic k , E. P. B a r t l e t t .
Auditing Committee: 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal C o. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
889 loans on real estate {average of each, $S,191.55) .
.
.
.
.
.
.
48 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $30,000; assessed value, $17,000)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$290,600 00
739,537 50
173,187 50
133,883 25
23,500 00
101,725 00
2,837,285 95
241,289 00
30,000 00*
32,228 49
4,767 38
$4,608,004 07

Liabilities.
Due depositors on 8,606 accounts, averaging $482.50 each
.
.
.
.
.
(Accounts opened during year, 998; closed, 665; increase, 333)
Surplus: —
а. Guaranty fund (4-08% of deposits; increase during year, $8,690-45) .
.
.
б. Profit and loss (increase during year, $21,741-S3) .
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
.
.
.
$73,706 63
b. R e n t ...............................................................................................
582 81
----------------—
Total Liabilities .

.

.

.

.

$4,152,414 14
206,909 43
174,391 06

74,289 44
$4,608,004 07

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
.$4,393.82
$8,483.70 $1,500.00
Cost per $1,000 of assets
.95
1.84
.32
Cost per $1,000 of assets not including State tax and rent .
.
.
Gross income received during the year, $209,768.74.


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

Other Expenses.
Total.
$1,009.72 $15,387.24
.22
3.33
.
.
.
2.06-

BANK COMMISSIONER.

No. 8.]

5

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.01 per cen t.): 4J^%, $58,700; 4 % % , $11,000; 5%, $2,709,792.95; 5p£%,
$16,565; 6%, $41,228.
Personal loans (average rate, 5.14 per cent.): 3%, $40,000; 4J^%, $25,000; 4 % % , $25,000; 5J^%,
$59,733; 6%, $66,556; 6 H % , $25,000.
Ronds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3%, $25,000; 3p£%, $220,000,
3 % % , $12,000; 4%, $705,400; 4 H % , $345,000 ; 5%, $103,200; 5V2%, $10,000 ; 6%, $7,500; 7%,
$10,600; 8%, $19,100; 10%, $26,700; 12%, $400.
Number of loans not over $3,000 each, 736, amounting to $1,035,640.95.
169 real estate loans made during year, amounting to $251,604.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2 )4%
July, 1914, 2 %
Number of deposits during year, 6,329, amounting to
.

.

N um ber of withdrawals during year, 6,165, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$85,925 06
79,710 72
606,674 01

.

$772,309 79
562,064 95

.

$210,244 84

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Boston 4s
25.000 Duluth, Minn., 4p2S
25.000 Hartford, Conn., 4p2S
25.000 Holyoke 4s
25.000 Los Angeles, Cal., 4p£s
25.000 Omaha, Neb., 4pi>s
25.000 San Francisco, Cal., 5s
2,500 Youngstown, O., 5s

Par Value.
$35,000 C., B. & Q. 3V2s
50.000 C„ B. & Q. 4s
92.000 Fitchburg 4s
75.000 Fitchburg 4p£s
25.000 Fitchburg 5s
25.000 Illinois Central 3s
25.000 N. Y., N. H. & H. 3}^s
125,000 N. Y „ N. H. & H. 4s
25.000 Portland Terminal Co. 4s

Public Funds, Notes.
$12,000 Amherst 3-pis
70,000 Amherst 4s
1,500 Belchertown 4s
4,600 Pelham 4s

Street Railway Bonds.
$25,000 Boston Elevated 4s
50.000 Boston Elevated 4p^s
25.000 Boston & Northern 4s
25.000 Springfield 4s
25.000 West End 4%s
25.000 West End 5s

Railroad Bonds.
$25,000 Boston & Albany 4s
25.000 Boston & Maine 3p^s
135,000 Boston & Maine 4s
95.000 Boston & Maine 4}4s

Bank Stocks.
! Shs.
\ 100 First Nl. Bk., Amherst
80 Nl. Bk. of the Republic, Boston

Shs.
4 Second 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
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

i

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

No.
. 4,381
.
802
.
432
.
361
133
.
131

Amount.
$78,219 03
66,444 44
67,261 46
132,213 96
96,759 88
135,774 40

. 6,240

$576,673 17

No.
3,028
From women
5
From guardians
From religious and chari65
table corporations .
98
In trust .
.
.
.

Amount.
$256,080 05
6,662 00

3,196

$305,576 84

Totals

89 transfers, amounting to $30,000.84, not included in above table,

D ates

of

E xamination, June 25-30 inclusive.


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

6,515 73
36,319 06

6

REPORT OF THE

[Pub. Doc.

ANDOVER SAVINGS BANK, ANDOVER.
M AIN STREET.
Incorporated April 2, 1834.
J oh n H . P o in t , President.

Number of corporators, 32.

Number of trustees, 16.

F r e d e r ic S. B o d t w e l l , Treasurer.
B u r t o n S. F l a g g , Clerk o f the Corporation.

Board of Trustees: 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 , H. M . E a m e s , 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 , B a r n e t t R o g e r s , D a v id Sh a w ,
G. F . S m it h , J. L. S m it h , A . E . S t e a r n s , S. D . St e v e n s .
Board o f Investment: J. H . F l in t , L. T . H a r d y , S. D . S t e v e n s .
Auditing Committee: F . G. H a y n e s , J. N . C o l e , J. H. C a m p io n .
Deposits draw interest from third W ednesday of March, June, September and December; dividends
are payable the third W ednesday 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, 1914.
Assets.
. Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal C o. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
1,008 loans on real estate (average o f each, $3,633.64)
Less amount due on uncompleted loans .

$2,661,304 86
6,700 00

74 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $2,575)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
T otal Assets

$569,996
906,558
128,150
20,000
75,046
140,300
10

75
75
00
00
25
00
00

2,654,604
662,025
2,890
50,846
1,877

86
00
04
10
55

. $5,212,305 30

Liabilities.
Due depositors on 9,013 accounts, averaging $520.61 each
(Accounts opened during year, 880; closed, 714; increase, 166)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during year, $7,000)
b. Profit and loss (increase during year, $25,409.10) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.

.

$4,692,260 09
234,500 00
204,633 59

$84,794 34
3,882 72
— ------------

80,911 62

T otal L ia b ilit ie s .......................................... $5,212,305 30

T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Am ount paid for
$8,079.13
$7,625.00 $1,740.00 $274.39
Cost per $1,000 of assets
1.55
1.46
.33
.05
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $242,175.94.


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

Other Expenses.
Total.
$2,266 .84 $19,985 .36
.43
3.82
1.94

7

BANK COMMISSIONER.

No. 8.]

Bates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5 per cen t.): 4Mi%> $146,000; 5%, $2,427,947.86; 5J^%, $26,601; 6%,
$54,156.
Personal loans (average rate, 5.07 per cent.): 4J^%, $60,000; 4Mi%> $379,550; 4 % % , $51,100; 5%,
$15,750; 53^%, $2,000 ; 6%, $11,475; 6 H % , $2,500; 6M % . $25,000; 7%, $109,650; 7 ^ % , $5,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.46 per cent.): 3%, $200; 3Mi%, $236,000; 4% ,
$1,021,000; 4M % . $65,000;
$185,000; 5%, $194,100; 5 ^ % . $15,000; 6%, $33,000; 8%,
$73,600; 10%, $8,000; 12%, $22,100.
Number of loans not over $3,000 each, 812, amounting to $1,297,404.86.
83 real estate loans made during year, amounting to $238,870.

Dividends, Deposits and Withdrawals.
$88,454 76
90,391 07
553,674 75

Ordinary dividends declared during year: D ec., 1913, 2%
June, 1914, 2%
Number of deposits during year, 7,418, amounting to

N u m b er o f withdrawals during year, 5,641, amounting to

.

.

. . .

.

$732,520 58
562,910 25
$169,610 33

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$200 United States 3s
25.000 Massachusetts 3Mis
25.000 Boston .3Mis
48.000 Brockton 4s
15.000 Canton, 0., SJMs
25.000 Chelsea 3(4s
37.500 Chicago, 111., 4s
5.000 Chicago, 111., 4)4s
10.000 Pall River 4s
15.000 Los Angeles, Cal., 4Mis
5.000 Milwaukee, Wis.,
15.000 Minneapolis, Minn. 4s
15.000 New Bedford 4s
30.000 New London, Ct., .3Mis
15.000 Omaha, Neb., 4Mis
10.000 Pittsburgh, Pa., 4Mis
15.000 Pittsfield 4s
20 000 Portland, Ore., 4J4s
25.000 Rochester, N. Y., 4Mis
21.000 San Francisco, Cal., 5s
15.000 Seattle, Wash., 4)4s
25.000 So. Norwalk, Conn., 4J4s
10.000 Amesbury 4s
56.000 Andover 3J4s
23.000 Andover 4s
10.500 Methuen 4s
2,500 North Andover 4s

$10,000 North Attleborough 4s
10.000 Palmer 4s
20.000 Kennebec, Me. (W. D.), 3Mis
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)4s
15.000 B. & N. Y. Air Line 4s
100.000 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
25.000 Danbury & Norwalk 5s
25.000 Fitchburg 4s
40.000 Holyoke & Westfield 4}^s
10.000 Illinois Central 3Mis
35.000 Illinois Central 4s
5,000 Me. Cent. & E. & N. A. 4s
25.000 Manchester & Law. 4s
15.000 Montana Central 6s
25.000 N. Y., N. H. & H. 3V2a
90.000 N. Y., N. H. & H. 4s
45.000 No. Maine Seaport 5s
148.000 Old Colony 4s
25.000 St. J. & L. C. 5s
50.000 Wore. Nash. & R. 4s

Street Railway Bonds.
$40,000 Boston Elevated 4s
10.000 Boston Elevated 4M£s
25.000 Boston & Northern 4s
25.000 West End 4Mis
10.000 West End 5s
10.000 Wore. Consd. 4M>s
10.000 Wore. Consd. 5s
Bank Stocks.
Shs.
180 Andover Nl. Bk.
32 Boylston Nl. Bk., Boston
105 First Nl. Bk., Boston
25 Hamilton Trust Co., Boston
80 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
172 Webster & Atlas Nl. Bk., Boston
75 Bay State Nl. Bk., Lawrence

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
4,911
666
289
258
106
99

Amount.
$86,687 52
53,595 34
42,384 21
95,448 37
75,994 16
99,572 33

6,329

$453,681 93

No.
From women
. 3,674
From guardians
4
From religious and charitable corporations
76
In trust .
185
Totals

1,089 transfers, amounting to $99,992.82, not included in above table.

D a t e s of E x a m in a t io n , January 15, 16.


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

. 3,939

Amount.
$238,535 04
1,434 43
> <
13,743 67
37,274 58
$290,987 72

8

REPORT OF THE

[Pub. Doc.

ARLINGTON FIVE CENTS SAVINGS BANK, ARLINGTON.
622 MASSACHUSETTS AVENUE.
Incorporated April 2, 1860.
G e o r g e H i l l , President.

Number of corporators, 39; number of trustees, 17.

W il so n D . C l a r k , Jr., Treasurer.
A r t h u r J. W e l l in g t o n , Clerk of the Corporation.

Board o f Trustees: C. W . A l l e n , H e n r y B l a s d a l e , L. B . C a r r , E . S. F e s s e n d e n , J oh n R . F o s t e r ,
G e o r g e H i l l , H e n r y H o h n b l o w e h , 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 h , C. G .
P e c k , W . G . P e c k , H . G. P o r t e r , W . G. R o l f e , 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 Investment: C . W . A l l e n , G e o r g e H i l l , O . W . W h it t e m o r e .
Auditing Committee: 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, 9 a .m . to 12 m .; 1 to 3 p .m .;
Saturdays, 9 a .m . to 12 m .; 7 to 9 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocl^ of banks and trust companies
.
.
.
397 loans on real estate (average of each, $4,330.47) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
$1,726,697 11
7,500 00
----------------------17 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $25,000; assessed value, $24,830)
.
.
Real estate b y foreclosure, etc. (assessed value, $16,700) .
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.
.
.
.
.
.

.

.
.
.
.

.

.

.

.

$645,680 00
368,925 00
61,775 00
6,473 71
1,719,197 11
148,000 00
100 00
11,321 57
78,466 67
5,974 63
$3,048,913 69

Liabilities.
Due depositors on 7,234 accounts, averaging $380.84 each
.
.
.
(Accounts opened during year, 792; closed, 611; increase, 181)
Surplus: —
a. Guaranty fund (4-95% of deposits; increase during year, $8,755.39) .
b. Profit and loss (increase during year, $152.88)
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.
.
.
.

.

.

$2,754,998 33

.

136,312 68
140,670 66
13,932 02

.

$3,045,913 69

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$3,101.15
$6,808.30 $1,000 .00
$2,080.10 $12,989.55
Cost per $1,000 of assets
1.02
2 .2 4
.33
.68
4 .2 7
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .9 2
Gross income received during the year, $137,235.06.


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

BANK COMMISSIONER.

No. 8.]

9

Rates on Investments and Loans (Average on All, 4.84%).
R e a l esta te lo a n s

(average rate, 5.04 per cent.): 4%, $19,670; 4J^%, $5,200; 4%%, $27,500 ; 5%,

$1,444,102.11; 5K%, $134,475; 5 ) 4 % , $56,000; 6%, $29,750; 6^%, $1,400; 7%, $1,100.
P e r s o n a l lo a n s (average rate, 5.56 per cent.): 5%, $14,000; 5)4%, $18,000; 5)4%, $74,000 ; 6%, $42,000.
B o n d s , s to ck s, etc. (average rate on amounts invested, 4.44 per cent.): 3)4%, $52,000; 4%, $722,600;
4)4%, $68,500; 4%%, $10,000; 5%, $83,000; 6%, $143,100; 7%, $13,400; 8%, $1,200.

Number of loans not over $3,000 each, 193, amounting to $123,077.11.
50 real estate loans made during year, amounting to $265,700.

Dividends, Deposits and Withdrawals.

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Extra dividend declared during year,
Jan., 1914, )4%
Number of deposits during year, 7,110, amounting to
.

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

Number of withdrawals during year, 4,665, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.

$587,127 06
398,582 89

.

$188,544 17

.
.

$49,591 14
51,433 88
12,422 83
473,679 21

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Belfast, Me., 4s
10.000 Beverly 4s
50.000 Boston 4s
14.000 Brockton 4s
20.000 Burlington, Vt., 4s
1.000 Chelsea 4s
5.000 Dayton, 0., 5s
50.000 Fall River 4s
7.500 Gloucester 4s
5.000 Hamilton, 0., 5s
15.000 Indianapolis, Ind., 4s
1.000 Lewiston, Me., 5s
20.000 Los Angeles, Cal., 4)4s
32.000 Lynn 4s
10.000 Melrose 4s
15.000 New Bedford 4s
16.000 New London, Ct., 4s .
10.000 Omaha, Neb., 4) is
6.000 Rochester, N. H., 4s
10.000 Somersworth/N. H., 4s
10.000 So. Norwalk, Ct., 4s
3.000 Springfield, 0., 4)is
12.000 Wallingford, Ct., 4s
5.000 Waterbury, Ct., 4s
1.500 Youngstown, 0., 4lis
14,500 Amesbury 4s
52.000 Arlington 3Mis
19.000 Arlington 4s
5.000 Attleborough 4s
25.000 Concord 4s
2.000 Cranston, R. I., 4s

Par yalue.
$15,000 Gardner 4s
9.000 Lexington 4s
6.000 Longmeadow 4s
13.000 Methuen 4s
13.000 Rockport 4s
2,250 Russell 4s
8.000 Westfield 4s
4.000 Winchester 4s
15.000 Augusta, Me. (W. D.), 4s
Public Funds, Notes.
$10,000 Adams 4s
14.000 Barnstable 4s
10.000 Bourne A%s
9.000 Duxbury 4s
10.000 Hull 4s
1.500 Medfield 4Mis
2.000 Randolph 4s
33,050 Revere 4s
2.500 Revere 4Mis
4.500 Swansea 4s
3,800 South Hadley (F. D), 4s
Railroad Bonds.
$27,000 Boston & Maine 4s
15.000 C., B. & Q. 4s
1.000 C., B. & Q. 5s
16.000 Chic., Mil. & St. Paul 6s
5.000 Chic. & Northwest. 4s
10.000 Chic. & Northwest. 7s
25.000 C., St. P., Minn. & O. 6s

$35,000 Concord & Montreal 4s
10.000 Fitchburg 4s
30.000 Fre., Elk. & Mo. Val. 6s
1.000 Louisville & Nashville 5s
10.000 Mil., L. S. & West. 6s
30.000 Montana Central 6s
25.000 N. Y „ N. H. & H. 4s
15.000 No. Maine Seaport 5s
30.000 Old Colony 4s
10.000 Penobscot Shore Line 4s
24.000 Pitts. Mck. & Yough. 6s
15.000 Portland Terminal Co. 4s
15.000 P., Gt. Falls & Con. 4)-is
20.000 St. J. & L. C. 5s
5.000 St. Paul, Minn. & Man. 6s

Street Railway Bonds.
$25,000 Lynn & Boston 5s
12.000 West End 4s
15.000 West End 4M?s
10.000 West End 5s
Bank Stocks.
Shs.
25 Menotomy Tr. Co., Arlington
34 Fourth-Atlantic Nl. Bk., Boston
12 Nl. Union Bk., Boston
33 Nl. Bk., of the Republic, Boston
6 Dedham Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.

Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 5,623
. 716
. 290
. 230
85
97

Amount.
$94,279 34
56,922 26
44,624 55
83,090 65
59,978 09
98,480 00

. 7,041

$437,374 89

No.

.
From women
From guardians
From religious and charitable corporations
.
In trust .
Totals

69 transfers, amounting to $36,304.32, not included in above table.
D a t e s of E x a m in a t io n ,


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

January 8, 9.

Amount.

3,382
9

$210,339 33
6,767 00

46
1,129

4,326 88
65,147 19

. 4,566

$286,580 40

10

REPORT OF THE

[Pub. Doc.

ASSABET INSTITUTION FOR SAVINGS, MAYNARD.
M A IN STREET.
Incorporated March 31, 1904.

Number of corporators, 32; 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 of the Corporation.

Board of Trustees: 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 , J. W . F l o o d , 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 h id g e , F . H. H a r r im a n , A . G . H a y n e s , F . W . H oit
b. 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 . H. St e v e n s , L . C . T a y l o r H '
A . W il s o n .

Board of Investment: C. 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 .
Auditing Committe : W . H. G u t t e r id g e , W . B . C a s e , L. H. M a y n a r d , T . F . P a r k e r , J a m e s
M u llen .

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 Satur­
days, 3 to 4 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
67 loans on real estate (average of each, $1,177.64)
Less amount due on uncompleted loans .

’ 879,502 0Ó
600 00

$7,732 75
4,751 25
1,846 25
78,902
24,690
297
5,136
250

24 loans on personal security
Furniture and fixtures .
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
Total Assets

00
00
75
91
61

$123,607 52

Liabilities.
Due depositors on 869 accounts, averaging $135.69 each .
{Accounts opened during year, 257; closed, 136; increase, 121)
Surplus: —
a. Guaranty fund (1.23% o f deposits; increase during year, $274)
b. Profit and loss {increase during year, $731.63)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
Unearned discount

.

.

.

.

$117,918 60
1,450 00
3,763 38
$519 26
344 38
174 88
300 66

.

Total L ia b i lit i e s .......................................... $123,607 52

T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$179.97
$500.00
Cost per $1,000 of assets
1.45
4 .0 4
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $5,808.87.


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

Advertising.
$22.00
.18

Other Expenses.
$204.99
1.66

Total.
$906 .96
7.33
5.88

BANK COMMISSIONER.

No. 8.]

11

Rates on Investments and Loans (Average on All, 5.27%).
Real estate loans (average rate, 5.40 per cen t.): 5%, $34,018; 5J^%, $26,650; 6%, $18,234.
Personal loans (average rate, 5.48 per cen t.): 4J^%, $7,000; 4 % % , $1,500; 5%, $3,480; 5J^%, $2,000;
6%, $4,710; 614%, $4,000; 7%, $2,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3}4% , $2,500; 4% , $10,500; 4 }^ % ,
$ 2 , 000 .
Number of loans not over $3,000 each, 87, amounting to $84,592.
11 real estate loans made during year, amounting to $18,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
.
.
.
.
.
J u ly ,1 9 1 4 , 2 % ..........................................
Number of deposits during year, 1,232, amounting to
.
.
.
.
.

Number of withdrawals during year, 611, amounting to
N et increase in amount due depositors

.

.

.
.

.
.

.
.

.

.
.

.
.

$1,793 01
1,943 13
53,100 25
$56,836 39
37,421 83
$19,414 56

SCHEDULE OF SECURITIES OWNED.
Street Railway Bonds.

Railroad Bonds.
Par value.
$1,000 Boston & Maine 4s
2.000 Boston & Maine 4J^s
500 Bridgton & Saco River 4s
1,500 N. Y., N. H. & H. 3^s
1.000 N. Y., N. H. & H. 4s
1.000 Peoria & Northwestern 3J4s
1.000 Upper Coos 4s

$1,000 Boston Elevated 4s
2.000 Boston & Northern 4s
2.000 West End 4s

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Totals

No.
1 094
53
48
27
10

Amount.
$14,576 67
12,963 47
7,774 79
9,380 32
8,405 00

. 1,232

$53,100 25

.
From women
From guardians
From religious and charitable corporations
In trust .
Totals

D a t e s op E x a m in a t io n a n d A u d it , June 8-11 inclusive.


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

No.
409
1

Amount.
$12,452 02
100 00

17
17

834 50
4,934 29

444

$18,320 81

12

REPORT OE THE

[Pub. Doc.

ATHOL SAVINGS BANK, ATHOL.
384 M AIN STREET.
Incorporated February 12, 1867.
L e v i B. F a y , President.

Number of corporators, 45; number of trustees, 11.

W il l ia m G . A v e b y , Treasurer.
F r a n k 8. P a r m e n t e r , Clerk of the Corporation.

k
Board o f Trustees: C. F . A m s d e n , W . G. A v e r y , O. T . B r o o k s , L. B. F a y , L tjcien L o r d , F . S.
P a r m e n t e r , A . J. R a y m o n d , P . B . S w i f t , A . F . T y l e r , F . E . W i n g , E . L . W o r r ic k .

Board of Investment: C. F . A m s d e n , L . B. F a y , L tjcien L o r d .
Auditing Committee: O. T . B r o o k s , F. S. P a r m e n t e r , A. F. T y l e r .
Deposits draw interest from first d ay of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a .m . t o 3.30 p .m .; Saturdays, 9 a .m . t o 12.30 p .m ., also
Thursdays, 7 to 8.30 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
354 loans on real estate (average of each, $7,255.82) .
65 loans on personal security
.
Real estate b y foreclosure, etc. (assessed value, $225)
Suspense account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

$187,500
626,300
101,175
50,000
67,003
39,500
2,568,561
426,545
25
1,797
74,881
1,596

Total Assets

. $4,144,885 57

Liabilities.
Due depositors on 9,095 accounts, averaging $408.12 each
.
.
.
.
.
{Accounts opened during year, 999; closed, 988; increase, 11)
Surplus: —
a. Guaranty fund {5.06% o f deposits; increase during year, $5,585.01) .
.
.
b. Profit and loss {increase during year, $31,628.11) .
.
.
.
.
.
Current incom e: —
I n t e r e s t ...............................................................................................$79,873 40
Less current expenses not charged off
.
.
.
.
3,633 77
----------------------Total Liabilities

00
00
00
00
13
00
60
00
00
80
22
82

.

.

.

.

.

$3,711,896 62
187,837 85
168,911 47

76,239 63
$4,144,885 57

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$4,970.01
$8,592.25
$935.00
Cost per $1,000 of assets
1.20
2 .0 7
.22
Cost per $1,000 of assetsnot including State tax and rent .
Gross income received during the year, $202,234.98


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

Advertising. Other Expenses.
Total.
$148.56
$2,312.02
$16,957.84
.04
.56
4.09
..........................................
2 .67

13

BANK COMMISSIONER.

No. 8.]

Kates on Investments and Loans (Average on All, 4.98%).
Real estate loans (average rate, 4.96 per cent.): 434%. $412,575; 4 % % , $105,500; 5%, $1,904,012.60;
534%, $14,500; %, $131,974.
Personal loans (average rate, 5.43 per cen t.): 434%, $50; 434%, $60,000; 5%, $109,775; 534%, $38,800;
534%, $42,500; 5M % , $52,000; % , $118,420; 7%, $5,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.85 per cent.): 334%, $125,000; 4% , $421,000;
434%, $25,000; 434%, $113,000; 5%, $110,000; %, $240,000; 7%, $20,000; %, $30,000; 10%,
$4,100; 1034%, $5,000.

6

6

6

8

Number of loans not over $3,000 each, 283, amounting to $314,231.60.
48 real estate loans made during year, amounting to $305,275.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 7,155, amounting to

$71,068 37
72,423 97
532,412 72
$675,905 06
616,171 32

Number of withdrawals during year, 6,583, amounting to

$59,733 74

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$
California 4s
10 000 Massachusetts 334s
10.000 Boston 4s
14.000 Brockton 4s
10.000 Dubuque, la., 4s
5.000 Grand Rapids, Mich., 434s
10.000 Indianapolis, Ind., 4s
25.000 Los Angeles, Cal., 434s
25.000 Lynn 434s
25.000 Worcester 334s
5.000 Lenox 4s

25,000

Public Funds, Notes.
$22,000 Athol 4s
3,000 Athol 434s

Railroad Bonds.
Par Value.
$5,000 Boston & Albany 4s
35.000 Boston & Albany 5s
20.000 Boston & Maine 434s
25.000 Chicago & Northwestern 5s
50.000 Chicago, R. I. & Pacific 4s
25.000 Chicago, R. I. & Pacific s
75.000 Fitchburg 4s
25.000 Fitchburg 434s
40.000 Illinois Central 334s
25.000 Illinois Central 4s
50.000 Louisville & Nashville s
25.000 Montana Central s
25.000 N. Y., Lack. & West. s
50.000 N. Y., N. H. & H. 4s
50.000 N. Y., N. H. & H. s
25.000 No. Maine Seaport 5s
5,000 Northwestern Union 7s
40.000 St. Paul, Minn. & Man. s
25.000 St. Paul & North. Pacific s
15.000 Troy & Boston 7s

Street Railway Bonds.
$35,000 Boston Elevated 434s
35.000 Boston & Northern 4s
25.000 Lynn & Boston 5s
10.000 Old Colony 4s

6

6

6
6

6

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.

6
6

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

No.
. 5,325
.
895
.
389
.
256

77

Amount.
$95,892 60
71,631 37
58,650 56
92,867 37
60,494 14
79,712 22

. 7,030

$459,248 26

88

No.
. 2,869
From women
5
From guardians
From religious and charitable corporations
From labor unions
.
338
In trust .

Amount.
$179,454 42
1,423 55

. 3,316

$249,508 31

102
2

Totals

125 transfers, amounting to $73,164.46, not included in above table.

D ates of E xamination, September 3 ,4 .


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

7,753 07

200 00

60,677 27

REPORT OF THE

14

[Pub. Doc.

ATTLEBOROUGH SAVINGS BANK, NORTH ATTLEBOROUGH.
48 NORTH W ASHINGTON STREET.
Branch Office: 1 North M ain Street, Attleborough.
Incorporated February 2, 1860.

Number of corporators, 87; number of trustees, 17.

A lbert T otten, President.
E dward E. K ing, Treasurer.
A rthur E. C odding, Clerk of the Corporation.
Board of Trustees: W . B. Ballou, T. S. Carpenter, G. W . Cheever, A. E. C odding, C. W . F isher,
W . H. G off, G. H. H errick, E. L. H ixon , J. F. M ason, C. T. Paye , O. P. R ichardson, M. E.
R owe, F. E . Sturdy, E . A. Sweeney, A lbert T otten , J. E. T weedy, G. K . W ebster.
Board of Investment: G. W . Cheever, W . H. G off, E . L. H ixon , O. P. R ichardson, M. E. R owe,
F. E. Sturdy, A lbert T otten.
Auditing Committee: J. E. T weedy, A . E . C odding, O. P. R ichardson.
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 . t o 12 m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
T ublie funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
671 loans on real estate (average of each, $2,989.88) .
.
97 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value, $27,580)
Real estate b y foreclosure, etc. (assessed value, $121,650) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

00
00
00
10,000 00
54,720 00
6,250 00

$25,000
281,912
52,600

.

37,467 23
2,006,208 71
962,509 52

20,000 00
50,499 91
38 75
21,344
4,207

00
00

. $3,532,757 12

Total Assets

Liabilities.
Due depositors on 7,720 accounts, averaging $408.54 each
(Accounts opened during year, 1,022; closed, 1,128; decrease, 101)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $3,983)
b. Profit and loss (increase during year, $18,698.29) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses and rent account not charged off
•Unearned discount


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

.

.

.

.

.

.

.

.

Total Liabilities

.

.

$3,153,905 10
157,800 00
176,328 11

$14,043 61
1,819 70
12,223 91
32,500 00
. $3,532,757 12

No, 8.]

BANK COMMISSIONER.

15

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$5,376.32
$5,339.49 $1,197.00
$3,551.85
$15,464.66
C ost per $1,000 of assets
1.52
1.51
.34 . . 1 .00
4 .37
C ost per $1,000 of assets not including State tax and rent .
.
. ; .
.
.
2.51
Cross income received during the year, $172,790.94.

Rates on Investments and Loans (Average on All, 5.38%).

6

Real estate loans (average rate, 5.50 per cent.): 4%, $17,650; 5%, $861,169; 5)4% , $192,100; %,
$935 289.71.
Personal loans (average rate, 5.77 per cent.): 4 )4% , $145,000; 4% % , $25,000; 4 M%> $100,000; 5%,
$220,250; 5)4% , $500; S% % , $4,000; %, $155,759.52; 7%, $37,000; 7M % , $275,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.): 3%, $6O,00O; 3)4% , $190,000;
4%, $165,100; 5%, $80,000.

6

Number of loans not over $3,000 each, 569, amounting to $839,176.33.
93 real estate loans made during year, amounting to $221,090.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
.
.
.
.
.
Oct., 1914, 2 %
..........................................
Extra dividend declared during year,
Oct., 1914, )4 of 1% .
.
.
.
.
Num ber of deposits during year, 8,491, amounting to
.
.
.
.
.

Number of Withdrawals during year, 8,110, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$59,634
60,383
15,110
604,639

13
51
32
26

.

$739,767 22
685,749 08

.

$54,018 14

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 San Francisco, Cal., 5s
Railroad Bonds.
$25,000 Boston & Albany 334s
30,000 Boston & Maine 334s

$5*0,000 Ch, B. & Q. 3J4s
35.000 Fitchburg 4s
30.000 Fitchburg 5s
60.000 Illinois Central 3s
25.000 Illinois Central 3)4s
50.000 N. Y., N. H. & H. 334s

Street Railway Bonds.
$25,000 Boston Elevated 5s
30,000 Boston & Northern 4s
Bank Stocks.
Shs.
50 Manuf. Nl. Bk., No. Attleborough

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
74

No.
. 6,544
.
953
.
417
.
303
93
107

Amount.
$122,140 67
75,618
65,243 46
108,697 28
67,180 80
120,097 78

. 8,417

$558,978 87

88

No.
. 3,221
From women
94
From guardians
From religious and ohari.
214
table corporations
.
742
In trust .

Amount.
$172,274 83
6,748 96

. 4,271

$324,816 61

Totals

transfers, amounting to $45,660.39, not included in above table.
D ates of E xamination, July 8-14 inclusive.


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

25,910 53
119,882 29

16

[Pub. Doc

REPORT OF THE

BARRE SAVINGS BANK, BARRE.
Incorporated M ay 1, 1869.

Number of corporators, 40; number of trustees, 15.

C . H. F ollansby, President.

M . B. Hancock , Treasurer.

H arding Jenkins, Clerk of the Corporation.

Board o f Trustees: A. F. A dams, C . F . A twood, J. C. Bartholomew, G. W . C ook, C . H . F ollansby,
C. A. G leason, L. M . Hanff, G. N. Harwood, J. N. H illman, Harding Jenkins , G. F. R ice,
C. . R oot, G. R . Simonds, A. G. W illiams, A. S. W oodward.

8

Board of Investment: C. F. A twood, J. C. B artholomew, G . W . C ook, C. H. F ollansby, G . N.

Harwood.

Auditing Committee: J. C. Bartholomew, Harding Jenkins, A . G . W illiams.
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
205 loans on real estate (average of each, $2,872.45) .
.
.
.
.
.
.
4 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, 810,000; assessed value, $6,800)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
Total Assets

.

.

.

.

.

Due depositors on 2,063 accounts, averaging $440.72 each
.
.
.
(Accounts opened during year, 221;; closed, 166; increase, 58)
Surplus: —
a. Guaranty fund (4-95% of deposits; increase during year, $1,950)
b. Profit and loss (increase during year, 85,704.66)
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$721 90
Less State or local taxes not charged off .
.
115 60
-----------------------

.

.

$85,200
224,100
36,354
13,500
12,100
588,852
26,500
4,000
21,014
389

00
00
00
00
00
50
00
00
29
63

$1,012,010 42

Liabilities.

.

$909,216

68

45,050 00
52,924 19

.

$5,657 05
837 50
4,819 55

Total Liabilities

.

.

.

.

.

$1,012,010 42

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,503.30
$1,650.00
$250.00
Cost per $1,000 of assets
1.48
1.63
.25
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $46,714.64.


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

Other Expenses.
$782.62
.77

Total.
$4,185.92
3 .93
2 .20

BANK COMMISSIONER.

No. 8.]

17

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.15 per cen t.): 4J^%, $25,000; 5%, $424,594; 5)4% , $28,000; 5)4% ,
$28,800; %, $82,458.50.
Personal loans (average rate, 5.06 per cent.): 5%, $24,950; %, $1,550.
Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 3%, $30,000; 3)4% , $65,000;
3 H % , $9,000; 4%, $141, 200; 4)4% , $35,000; 5%, $85,200; %, $10,000; 12%, $3,400.

6

6

6

Number of loans not over $3,000 each, 175, amounting to $183,647.50.
28 real estate loans made during year, amounting to $81,450.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2 )4%
.
.
.
.
.
July, 1914, 2 M % ..........................................
Number of deposits during year, 1,323, amounting to
.
.
.
.
.

Number of withdrawals during year, 1,069, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$18,800 48
19,373 53
114,566 61

.

$152,740 62
106,231 80

.

$46,508 82

SCHEDULE OF SEC U RITIE S OW NED.
Public Funds, Bonds.
Par Value.
$5,000 Washington County, Me., 4s
10.000 Wilkes-Barre, Pa., 3)4s
10.000 Athol 4s
9,700 No. Attleborough 4s
5,000 W. Springfield 4s
10.000 Br. & Top., Me. (W. D.), 4s
10.000 Kittery, Me. (W. D.), 5s
Public Funds, Notes.
9.000 Barre 3)£s
1,500 Barre 4s
10,000 Barre 5s
5.000 Barre s

6

Railroad Bonds.
$15,000 Boston & Maine 4s
Boston & Maine 4J4s
5.000 C., B. & Q. 3)4s
5.000 C., B. & Q. 4s
10.000 Fitchburg 4s
30.000 Illinois Central 3s
10.000 Illinois Central 4s
5.000 Lime Rock 4s
10.000 Michigan Central 3)4s
10.000 N. Y „ N. H. & H. 3J4s
30.000 N. Y „ N. H. & H. 4s
46.000 No. Maine Seaport 5s
15.000 St. J. & L. C. 5s
30.000 Washington County 3)4s

10.000

Street Railway Bonds.
$10,000 Boston Elevated 4)4s
5,000 Fitch. & Leominster 4)4s
1,500 Fitch. & Leominster 5s
10.000 West End 4s
10.000 West End 4)4s
Bank Stocks.
Shs.
20 Boylston NI. Bk., Boston
25 Eliot Nl. Bk., Boston
32 Nl. Bank of Commerce, Boston
50 Market Trust Co., Boston
34 Second Nl. Bk., Boston
7 Ware Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

77
18
28

Amount.
$16,171 70
14,086 21
13,510 76
29,659 83
12,138 11
29,000 00

. 1,323

$114,566 61

.

No.
940
172

88

D ate of E xamination, June 22.


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

From women
From guardians
From religious and charitable corporations .
From labor unions
In trust .
.
.
.
Totals

No.
631
3

Amount.
$46,972 53
270 16

18
44

3,025 64
225 00
2,596 83

698

$53,090 16

2

18

[Pub. Doe.

REPORT OF THE

BASS RIVER SAVINGS BANK, SOUTH YARMOUTH.
Incorporated April 15, 1874.

Number of corporators, 39; number of trustees, 18.

C harles G. B aker , President.
H iram D. L oring, Treasurer.
M anton H. C rowell, Clerk of the Corporation.
Board of Trustees: C. G. Baker , C. E. C rowell, H. C. C rowell, J. W . Crowell, M . H. C rowell,
O. L. C rowell, J. P. E dwards, F. P. G oss, E . L. Jenkins, J. H. Jenes , Jr., M . F. Jones, E . D .
K elley , G. H. L oring, H. D . L oring, C. F. P urrington, D . F. Sears, H. H. Sears, I. C. Sears .
Board of Investment: C. G. B aker , H. H. Sears, G. H. L oring, E. L. Jenkins, J. P. E dwards.
Auditing Committee: E . L. Jenkins, J. H. Jenks, Jr., C. E. C rowell.
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 2 m .; 2 t o 4 p .m .; Saturdays, 9 a .m . to 12.30 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
298 loans on real estate (average o f each, $1, 468.46) .
37 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $7,200)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.

.
.

.
.
.
.

.
.

.
.
.
.
.
.
.
.
.
.
.

.
.

.

.
.
.

.
.

.
.

.
.
.
.

.
.
.

.

.

.
.
.
.
.
.
.
.
.
.
.

$128,306 25
10,929 80
9,133 50
3,030 00
927 25
437,601 00
96,292 00
4,365 34
65 00
23,710 09
1,870 95
$716,231 18

Total Assets

Liabilities.
Due depositors on 1,752 accounts, averaging $369.36 each
.
.
.
(Accounts opened during year, 157; closed, 124; increase, 38)
Surplus: —
o. Guaranty fund (4-91% o f deposits; increase during year, $1,300)
h. Profit and loss {increase during year, $8,030) .
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

$647,131 12

.

.

31,750 00
34,423 72

$3,097 55
173 11

2,924 44
1 90

Unearned discount
Total Liabilities

.

.

.

.

.

$716,231 18

Total Expenses for the Year, including State Taxes.
State Tax (Net).

Salaries.

Rent.

Advertising.

Amount paid for
$908.66
$2,688.40
$100.00 $25.75
Cost per $1,000 of assets
1.26
3 .7 5
.14
.03
.
.
.
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $35,353.50.


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

Other Expenses.
$609.39
.85
.

Total.
$4,332.20
6 .0 3
4 .6 3

No. 8.]

BANK COMMISSIONER.

19

Hates on Investments and Loans (Average on All, 5.28%).
Real estate loans (average rate, 5.57 per cen t.): 5%, $100,907; 5)4% , $13,400; 5)4% . $147,390; 5% % ,
$5,800; % , $169,715; 7%, $389.
Personal loans (average rate, 5.92 per cent.): 4)4% , $20,000; 5%, $9,950; 5)4% , $11,500; 5)4% ,
$260; %, $21,132; 7%, $18,450; 7)4% , $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.04 per cent.): 3)4% , $60,000 ; 4% , $60,000;
4)4% . $20,000; 5%, $11,000; %, $600; 7%, $2,400.

6
6

6

Number of loans not over $3,000 each, 269, amounting to $219,305.50.
30 real estate loans made during year, amounting to $45,010.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 1,063, amounting to

$11,960 41
12,265 20
81,917 50

Num ber of withdrawals during year, 1,142, amounting to

$106,143 11
74,261 28
$31,881 83

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

P$5,000N’. Y „ N. H. & H. 3)4s
15.000 N. Y „ N. H. & H. 4s
5.000 No. Maine Seaport 5s
20.000 Old Colony 4s

$11,000 Boston & Maine 4s
9.000 Boston & Maine 4)4s
20.000 C., B. & Q. 3)4s
10.000 Fitchburg 3)4s
6.000 Fitchburg 5s
25.000 Illinois Central 3J4s
4.000 Me. Cent. & E. & N. A. 4s

Bank Stocks.
Shs.
24 First Nl. Bk., New Bedford
First Nl. Bk., Yarmouthport

6

Street Railway Bonds.
$5,000 Boston Elevated 4)4s
West End 4)4s

6.000

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
O ver $500, under $1,000
O f 1,000 or more

No.
740
140
75
18
4

Amount.
$13,216 05
11,437 14
13,405 22
25,724 18
14,134 91
4,000 00

. 1,063

$81,917 50

.

86

From women
From guardians
From religious and chari­
table corporations .
In trust .
.
.
.
Totals

Totals

D ates

op

E xamination and A udit , M arch 16-20 inclusive.


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

No.
498

8
6

Amount.
$31,752 84
147 50

36

1,396 60
3,109 17

548

$36,406 11

20

REPORT OF THE

[Pub. Doc.

BAY STATE SAVINGS BANK, WORCESTER.
476 M AIN STREET.
Incorporated March 9, 1895.

Jambs E arly , President.

Number of corporators,

68; number of trustees,

20.

G eorge M cA leer, Treasurer„
Charles J. O’Hara , Clerk of the Corporation.

Board of Trustees: T homas Barrett, T . J. Barrett, A lexander B elisle, S. G. B owen , M . F .
C osgrove, D aniel D owney, W . N. D rohan, James E arly , M. F. Fallon, T . H. Hall ,.
R ichard H ealy, T homas K enney, M. B. Lamb, James M cD ermott, J. A. M cD ermott, M.
F. M cM ahon, N . J. M ooney, C. J. O’Hara , M. J. O’M eara , J. B. Simard.
Board of Investment: James E arly , M . F. C osgrove, J. A . M cD ermott, T homas K enney , M ichael.
F. M cM ahon
Auditing Committee: James M cD ermott, J. B. Simard, W . N . D rohan .
Deposits draw interest from the first day of March, June, September and December; dividends arepayable M arch 15 and September 15. Business hours: 9 a .m. to 3 p .m.; Saturdays, 9 a .m. to
p .m., and for deposits only,
to p .m .

1

6 8

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
409 loans on real estate (average of each, $8,249.35) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
$1,329,386 00
400 00

21 loans on personal security

Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.

$221,073
385,863
109,488
27,975

85
25
50
00

1,328,986
20,023
4,041
1,326

00
30
99
07

Total A s s e t s .....................................$2,098,777 96

Liabilities.
Due depositors on 4,100 accounts, averaging $492.37 each
(.Accounts opened during year, 461; closed, 371; increase, 90)
Surplus: —
a. Guaranty fund (2.25% of deposits; increase during year,
b. Profit and loss (increase during year, $2,076.71)
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

.

.

$5,037)
.
.

Total Liabilities .

.

.

.
.
.

.
.
.

$2,018,726 64
.
.

45,431 00
18,258 93

$16,964 75
603 36
-----------------------

16,361 39

. $2,098,777 96

21

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$3,174.94 $2,242.41
$800.00
$395.52
$398.10
Cost per $1,000 of assets
1.51
1.07
. 38
.19
.19
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.

Total.
$7,010.97
3 .34
1.45

Gross income received during the year, $92,585.11.

Rates on Investments and Loans (Average on All, 4.58%).
Real estate loans (average rate, 4.98 per cent.): 4J^%, $72,500; 5%, $1,246,099; 6%, $10,387.
Personal loans (average rate, 5.67 per cent.): 5%, $5,417; 5M%. $2,500; 6%, $12,106.30.
Bonds, stocks, etc. (average rate on amounts invested, 3.82 per cent.); 3M%> $370,000; 4%, $388,000.
Number of loans not over $3,000 each, 249, amounting to $396,552.70.
42 real estate loans made during year, amounting to $165,175.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: March, 1914, 2%
Sept., 1914, 2%
Number of deposits during year, 3,279, amounting to

$37,542 06
38,950 04
327,159 60

Number of withdrawals during year, 2,814, amounting to
N et increase in amount due depositors

.

.

.

.
.

.

.

.

.

.
.

.

$403,651 70
315,279 12

.

$88,372 58

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.

$80,000 Boston & Albany 4s
10.000 Boston & Lowell 3Ms
Boston'& Lowell 4s
Boston & Maine 3Ms
10.000 Boston & Maine 4s
80.000 C., B. & Q. 3Ms
5.000 Chicago & Northwestern 4s
5.000 Fitchburg 3Ms
37.000 Fitchburg 4s
36.000 Illinois Central 3Ms
45.000 Illinois Central 4s
15.000 N. Y. C. & H. R. 3Ms

$100,000 Massachusetts 3Ms
29.000 Boston 3Ms
25.000 Boston 4s
7.000 Dayton, 0., 3Ms
5.000 Everett 4s
4.000 Fitchburg 4s
15.000 Newport, R. I., 3Ms
15.000 Quincy 4s
5.000 Waltham 3Ms
13.000 Worcester 3Ms
3.000 Worcester 4s

P$25)o00 N. Y., N. H. & H. 3Ms
5,000 Old Colony 4s
20,000 Sioux City & Pacific 3Ms

10.000
10.000

Street Railway Bonds.
$33,000 Boston Elevated 4s
40.000 Boston & Northern 4s
41.000 West End 4s

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

70

Amount.
$48,334 61
41,386 37
36,557 51
73,677 35
48,713 62
70,000 00

. 3,263

$318,669 46

No.
. 2,183
506
.
233
.
203

68

No.
From women
From guardians
From religious and chari­
table corporations .
In trust .
.
.
.
Totals

16 transfers, amounting to $8,490.14, not included in the above table.

D ates

op

E xamination, M ay 4, 5.


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

1,120
8

Amount.
$132,636 84
1,230 00

9
80

5,173 57
10,272 93

1,217

$149,313 34

22

REPORT OF THE

[Pub. Doc.

BELMONT SAVINGS BANK, BELMONT.
10 LEONARD STREET.
Incorporated M arch 5, 1885.

Number of corporators, 49; number of trustees, 17.

J. H e n b y F l e t c h e r , President.
W in t h r o p L . C h e n e b y , Treasurer.
T h o m a s W . D a v i s , Clerk of the Corporation.

Board of Trustees: E . F. A t k i n s , E . C. B e n t o n , W . L. C h e n e r y , T . W . D a v i s , F r e d e r ic D o d g e ,
J. L. E l l is , J. H. F l e t c h e r , H e n r y F r o s t , I. B. F r o s t , C. O. H i l l , F. H. K e n d a l l , I. H. L o c k e ,
J. E . L o c k e , C. J. 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 i n n .
Board of Investment: J. H . F l e t c h e r , F r e d e r ic D o d g e , F . H . K e n d a l l , I. H . L o c k e , C . W . W

in n .

Auditing Committee: J. E . L o c k e , C . O. H i l l , C. J. M c G i n n i s .
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: 3 to 5.30 p .m .; also Wednes­
days, 7 to
p .m .

8

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
170 loans on real estate (average o f each, $2,317.62) .
Less amount due on uncompleted loans .

00

$394,595 00
600

00

8

loans on personal security .
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $900)
Taxes, insurance, etc. paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

$72,740
160,436 25
49,277 50
8,938 75
600

00

393,995
7,425
522
563
19,313
1,196

00
00
82
16
23
06

$715,007 77

Liabilities.
Due depositors on 2,451 accounts, averaging $278.61 each
.
.
(.Accounts opened during year, 325; closed, 145; increase, 180)
Surplus: —
a. Guaranty fund (3.12% of deposits; increase during year, $1,800)
b. Profit and loss (decrease during year, $271.39)
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
School savings stamps account


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

.

.

.

.

.

$682,866 62
21,300 00
2,861 24

$7,913 44
436 31
7,477 13
502 78

Total L ia b i lit i e s .......................................... $71.5,007 77

BANK COMMISSIONER.

No. 8.]

23

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
$83.80
$477.55
$3,249.34
Amount paid for
$1,137.99
$1,350.00
$300.00
.12
.67
4 .55
Cost per $1,000 of assets
1.59
1.75
.42
Cost per $1,000 of assets not including State tax and rent .
..........................................
2.54

Gross income received during the year, $30,903.67.

Rates on Investments and Loans (Average on All, 4.72%).

6

Real estate loans (average rate, 5.13 per cent.): 5%, $297,550; 5J^%, $10,000; 5)d>%, $71,495; % ,
$14,950.
Personal loans (average rate, 6.37 per cent.): %, $2,175; 614%, $5,000; 7%, $250.
Bonds, stocks, etc. (average rate on amounts invested, 4.12 per cent.): 3)^% , $20,000; 4%, $231,000;
4*3%, $32,000; 5%, $12,000; %, $600.

6

8

Number of loans not over $3,000 each, 129, amounting to $174,370.
28 real estate loans made during year, amounting to $83,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 2,782, amounting to

$11,732 79
12,434 64
146,791 05
$170,958 48
101,654 83

Number of withdrawals during year, 1,345, amounting to
Net increase in amount due depositors

$69,303 65

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$3,000 Beverly 4s
10.000 Boston 4s
6.000 Brockton 4J^s
5.000 Chicago, 111., 4s
5.000 Cleveland, 0., 4M>s
3.000 Melrose 4s
5.000 Minneapolis, Minn., 4s
5.000 Portland, Ore., 4J^s
26.000 Belmont 4s
3.000 Belmont 4J^s
2.000 Peabody 4s

Railroad Bonds.
$5,000 Boston & Albany Z]/2s
15.000 Boston & Albany 4s
28.000 Boston & Maine 4s
3.000 Boston & Maine
5.000 C., B. & Q. 4s
20.000 Chicago & Northwestern 4s
8.000 Fitchburg 4s
7.000 Fitchburg 5s
5.000 Illinois Central 3}4s
8.000 Illinois Central 4s
3.000 Me. Cent. & E. & N. Am. 4s
10.000 N. Y., N. H. & H. 3V2s
35.000 N. Y., N. H. & H. 4s
10.000 Old Colony 4s

Street Railway Bonds,
Par Value.
$13,000 Boston Elevated 4s
7.000 Boston Elevated 43-^s
5.000 Boston & Northern 4s
5.000 Springfield 4s
12,000 West End 4s
5.000 West End 5s
3.000 Wore. Consd. 4)4s

Bank Stocks.
Shs.
Nl. Shawmut Bk., Boston

6

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

No.
. 2,246
.
274

73
27
23

Amount.
$33,051 84
22,371 46
19,338 32
25,109 15
19,072 18
23,000 00

. 2,765

$141,942 95

122

No.
From women
1,402
From religious and chari­
table corporations .
71
In trust .
.
.
.
161
Totals

17 transfers, amounting to $4,848.10, not included in above table.

D a t e of E x a m in a t io n , March 25.


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

1,634

Amount.
$69,592 IS
4,211 19
13,290 50
$87,093 87

24

REPORT OF THE

[Pub. Doc.

BENJAMIN FRANKLIN SAVINGS BANK, FRANKLIN.
9

DEAN AVENUE.

Incorporated February 20, 1871. Number of corporators, 39; number of trustees, 20.
E l is h a P. C h a p m a n , President.
C h a r l e s L . St e w a r t , Treasurer.
A l b e r t C . M a s o n , Clerk of the Corporation.

Board of Trustees: J. E . C a r p e n t e r , E . P. C h a p m a n , F. P. C h a p m a n , A . B. C h il s o n , J. O. C h il s o n ,
W . F. C o b b , O. T . D o e , W . M . F i s h e r , A . J. G a l l is o n , J. F. G e b , 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. S t e w a r t , L. W . S t o t t , A . D .
T h a y e r , J o sep h V e n a .

Board of Investment: E . P . C h a p m a n , A . D . T h a y e r , O . T . D o e , H . W . H o s ie , W . M . F is h e r , J. E .
C arpenter.

Auditing Committee: O. T . D o e , A. W . P e ir c e , J. E. C a r p e n t e r .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
197 loans on real estate {average of each, $1,929.76) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
$381,200 00
1,037 57

49 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $18,500)
Taxes, insurance, etc. paid on mortgaged properties .
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$29,000
217,453
5,000
13,012
4,910

00
00
00
50
00

380,162
194,245
2,891
17,505
59
7,365
1,459

43
00
85
05
65
49
20

$873,064 17

Liabilities.
Due depositors on3,119 accounts, averaging $264.41 each .
.
.
.
.
.
(Accounts opened during year, 504; closed, 845; increase, 159)
Surplus; —
a. Guaranty fund (3.05% of deposits; increase during year, $8,006.27) .
h. Profit and loss (decrease during year, $1,627.31)
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$8,370 87
b. Rent
.
.
.
.
.
.
.
110 45
----------------------$8,481 32
Less current expenses not charged off
.
.
.
.
.
1,446 17
U nearned discount


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

Total Liabilities

.

.

.

.

.

$824,693 08

68

25,131
7,833 85

7,035 15
8,370 41
$873,064 17

BANK COMMISSIONER.

No. 8.]

25

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,841.39
$2,330.00
$240.00
Cost per $1,000 of assets
2 .11
2 .67
.27
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$301.35
$995.09
$5,707.83
.34
1.14
6.53
4 .1 5

Gross income received during the year, $39,551.77.

Rates on Investments and Loans (Average on All, 4.96%).

6

Real estate loans (average rate, 5.44 per cen t.): 4)4% , $20,000; 5%, $177,750; 5)4% , $7,600; % ,
$174,812.43.
Personal loans (average rate, 5.11 per cent.): 4 x/ i% , $30,000; 4)4% , $35,000; 4M%> $20,000; 5%,
$35,550; 5 X
A % , $15,000; 5)4% , $25,650; % , $17,745; 7%, $10,300; 7)4% , $5,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3%, $5,000; 3)4% , $48,000;
4%, $108,000 ; 4)4% , $55,000; 4M % , $1,000; 5%, $46,840; % , $3,700.

6

6

Number of loans not over $3,000 each, 197, amounting to $238,345.
42 real estate loans made during year, amounting to $76,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 3,729, amounting to

$14,395 92
15,133 55
203,336 74

Number of withdrawals during year, 2,448, amounting to

$232,866 21
172,691 15

N et increase in amount due depositors

$60,175 06

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Boston 4s
10,000 Brockton 4s
5.000 Bridgeport, Conn., 4)4s
5.000 Franklin 4s

10.000Bennington & Rut. 4)4s

10.000 Boston & Albany 3)4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
10.000 Boston, R. B. & L. 414s
25.000 C., B. & Q. 5s
25.000 Fitchburg 4s
5.000 Fitchburg 5s
•5,000 Illinois Central 3s
8.000 Illinois Central 3M>s
20.000 Illinois Central 4s
5.000 Michigan Central 3)4s
10.000 N. Y „ N. H. & H., 3)4s
10.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s

Public Funds, Notes.
3.000 Norfolk 4s
1.000 Norfolk 4%s
Railroad Bonds.
$5,000 Baltimore & Ohio 3)4s
6,000 Bangor & Aroostook 5s

Par Value.
$5,000 Sioux City & Pacific 3)4s
20,000 Upper Coos 434s
5,000 Washington County 334s

Street Railway Bonds.
$5,000 Boston Elevated 4)4s

Bank Stocks.
Shs.
37 Franklin NI. Bk.
12 NI. Bk. of Wrentham

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,923
.
453
193
103
36

21

Amount.
$54,405 80
37,217 54
29,755 10
35,782 43
24,990 87
21,185 00

. 3,729

$203,336 74

D a t e s of E x a m in a t io n , January 29, 30.


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

No.
1,741
From women
From guardians
From religious and chari48
table corporations .
285
In trust .
.
.
.

Amount.
$94,022 44
1,921 31

2,085

$121,141 93

11

Totals

2,133 20
23,064 98

26

REPORT OF THE

[Pub. Doc-

BERKSHIRE COUNTY SAVINGS BANK, PITTSFIELD.*
22

NORTH STREET.

Incorporated February 2, 1846. Number of corporators, 52; number of trustees, 22.
A r t h u r H. R i c e , President.

W il l ia m L. A d a m , Treasurer..
J oh n B a r k e r , Cle k of the Corporation.

Board of Trustees: W . L. A d a m , J. L . B a c o n , A . H . B a g g , 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 C a m p b e l l , F . G . C r a n e , F . W . D u t t o n , C . K . F e r r y , I. D . F e r r e y , H . A .
F r a n c is , C . C . G a m w e l l , W . F . H a w k i n s , C . L . H ib b a r d , E . A . J o n e s , A l e x a n d e r K e n n e d y ,
A . H . R ic e , W . H . 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 .

Board of Investment: W . L. A d a m , A . H. B a g g , F. W . D u t t o n , C. K . F e r r y , A l e x a n d e r K e n n e d y ,,
L . A . St e v e n s .

Auditing Committee: A . H . B a g g , G. W . B a il e y , C. L. H i b b a r d .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July . Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a . m . to 12 m .; 7 to 9 p .m .

1

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
1,402 loans on real estate (average o f each, $3,633.18)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
$5,135,725 00
.
.
.
42,000 00
----------------------41 loans on personal security .
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $139,000; assessed value, $138,925) .
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

$110,800
849,675
477,500
89,191
790,300

00
00
00
25
00

5,093,725
329,220
139,000
31,489
4,592

00
00
00
50

34

. $7,915,493 09

Liabilities.
Due depositors on 19,621 accounts, averaging $379.55 each
.
(.Accounts opened during year, 3,200; closed, 2,990; increase, 210)
Surplus: —
a. Guaranty fund (5.05% of deposits; increase during year, $13,500)
b. Profit and loss (decrease during year, $242.83)
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$56,423 77
b. R ent
.
.
.
.
.
.
.
2 61
— .......— -— •
Less current expenses not charged off
.
.
.
.

$7,447,169 77

.

.

376,000 00
42,243 29

$56,426 38
6,421 35
50,005 03
75 00

Suspense account
Total Liabilities

.

.

.

.

.

$7,915,493 09

* Statements of Life Insurance Departments appear on pages im m ediately follow ing page 393.


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

27

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
*6,884.43 $14,760.85 $3,000.00
$70.52
$2,128.27 $26,844.07'
Cost per $1,000 of assets
.87
1.86
.38
.01
.27
3.39
Cost per $
of assets not including State tax and rent .
.
.
.
.
.
2.14.

1,000

Gross income received during the year, $371,003.23.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 4.90 per cent.): 4 M % . $1,013,500; 4 % % , $50,000; 5%, $4,026,225;% , $4,000.
Personal loans (average rate, 5.04 per cent.): 5%, $314,220; %, $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.57 per cen t.): 3M%> $434,000 ; 4% , $596,800,
4J^%, $20,000; 5%, $461,400; %, $63,000;
M % . $10,000; 7%, $48,900; %, $188,100; 10%,.
$103,000; 12%, $58,200; 14%, $5,500; 19%, $10,000.

6

6

6

6

8

Number of loans not over $3,000 each, 1,043, amounting to $1,640,495.
156 real estate loans made during year, amounting to $585,700.

Dividends, Deposits and Withdrawals.
$138,433 13.
142,461 49
1,451,458 IS

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 26,051, amounting to

$1,732,352 801,556,562 37

Number of withdrawals during year, 20,379, amounting to

$175,790 43.

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

1 $13,000 Louis. & Nashville 6s

242,000 N. Y „ N. H. & H. 3Ms
I 300 000 No. Maine Seaport 5s

$42,000 Gt. Barrington 3Ms

Street Railway Bonds.
Public Funds, Notes.
|$150,000 Hoosac Valley 4s
1.000 Hancock 5s
29,000 Hoosac Valley 5s
500 Peru 4s
300 000 Pittsfield 4s
1.000 Peru 5 s
2.000 Pittsfield 4Ms
41,300 Dalton (F. D.) 4s
Bank Stocks.
5.000 Gt. Barrington (F. D.) 4s
Shs.
18.000 Gt. Barrington (F. D.) 4Ms
55 Greylock Nl. Bk., Adams
143 Eliot Nl. Bk., Boston
215 First Nl. Bk., Boston
Railroad Bonds.
100 Fourth-Atlantic Nl. Bk., Boston
160 International Trust Co., Boston
$100,000 Bangor & Aroostook 5s
500 Merchants Nl. Bk., Boston
25.000 Chic. & Northw. 3Ms
210 Nl. Bk. of Commerce, Boston
50.000 Fre., Elk. & Mo. Val. s
I 100 Nl. Bk. of the Republic, Boston
125,000 111. Central 3Ms

6

Shs.
500 Nl. Shawmut Bk., Boston
40 Nl. Union Bk., Boston
204 Old Boston Nl. Bk., Boston
225 Old Colony Tr. Co., Boston
367 Second Nl. Bk., Boston
246 State Nl. Bk., Boston
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
265 Pittsfield Nl. Bank
309 Third Nl. Bk., Pittsfield
100 Chapin Nl. Bk., Springfield
200 Chicopee Nl. Bk., Springfield
300 Springfield Nl. Bank
5 Housatonic Nl. Bk., Stockbridge.
350 Merchants Nl. Bk., Worcester

122

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
20,864
2,479

1,021
710
238

221

Amount.
$358,702 06
199,744 33
155,395 76
242,472 46
169,696 45
232,643

86

No.
12,238
From women
55
From guardians
From religious and chari­
150
table corporations
136
In trust
T otals

25,533 $1,358,654 92

518 transfers, amounting to $92,803.26, not included in above table.
D a t e s of E x a m in a t io n , April 13-17 inclusive.


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

12,579

Amount.
$685,033 35
7,357 19
25,296 42
32,021
$749,708

22
1&

28

REPORT OF THE

[Pub. Doc.

BEVERLY SAVINGS BANK, BEVERLY.
171 CABOT STREET.
Incorporated February 23, 1867. Number of corporators, 117; number of trustees, 22.

R o l a n d W . B o y d e n , President.
C h a b l e s H . K il h a m , Treasurer.
R o d n e y C . L a h c o m , Clerk of the Corporation.

Board of Trustees: R . C. A l l e n , J. H . B a k e b , R . W . B o y d e n , G e o b 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 , H . E . D u b g in , A . A . F o b n e s s , J. H . G i e d l e e , F. P . H a s k e l l , J. F. H i l l , P
J. L y n c h , J. M . M u b n e y , F b a n c is N o b w o o d , C. E . O b e b , C. L . O d e l l , R o b e b t R o b e b t s o n ’
G . L. S o u t h w ic k , J. A . W a l l i s , F b a n k W o o d b e b b y , H . W . W o o d b e b b y , H . P . W o o d b u b y

Board of Investment: R . W . B o y d e n , J. H . B a k e b , G e o b g e B u t m a n , P. J. L y n c h , A . A. F o b n e s s .
Auditing Committee: C. E . O b e b , C. L. O d e l l , T . D . C o n n o l l y , R o b e b t R o b e b t s o n , J. H . G ib d l e b .
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 to 8.30 p .m ., for deposits only.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
739 loans on real estate (average of each, $2,621.69) .
Less amount due on uncompleted loans .
.
.

.
.

.
.
.
.

.
.
.
.

.
.
.

.
.
.

.

.

.
.

.

.
.
.
.
.

.
.
.
.
.
.
.
.
$1,942,i30 40
4,700 00

37 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $75,000; assessed value, $52,750)
Real estate b y foreclosure, etc. (assessed value, $25,400) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.

$172,937
443,400
181,725
73,110
239,799
31,621

00
00
00
00
39

88

1,937,430 40
821,612
60,000
5,000
56,459 28
6,683 01

00
00
00

.
.

Total A s s e t s .......................................... $4,031,777 96

Liabilities.
Due depositors on 11,533 accounts, averaging $329.06 each
.
(Accounts opened during year, 1,623; closed, 1,148; increase, 475)
Surplus: —
a. Guaranty fund (4.95% of deposits; increase during year, $6,990.03) .
b. Profit and loss (increase during year, $13,041.03) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$4,088 63
Less current expenses not charged off
.
.
$333 38
Less rent not charged off
.
.
.
15 00
348 38
---------------


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

T otal Liabilities

.

$3,795,099 62
187,876 87
45,061 22

3,740 25

. $4,031,777 96

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
$6,350.61
$5,787.81
$1,500.00
$149.53
$2,497.31
$16,285.26
C ost per $1,000 of assets
1.57
1.43
.37
.04
.62
4 .0 3
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .0 9
Gross income received during the year, $193,148.53.

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.03 per cent.): 4Vs%, $8,800; 4 M % t $65,000; 5%, $1,739,542.93;
5M % , $12,000; 5 X
A % , $72,453.47; %, $39,634.
Personal loans (average rate, 5.16 per cent.): 3 ^ % , $10,000; 4Vi%> $312,000; 4 % % , $50,000; 5% ,
$72,927; 5}/s% , $25,000; 5H % , $50,000; 5 ^ % , $76,185; %, $175,500; ^ % , $25,000; M %,
$25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 3%, $75,000; 3J^%, $214,000;
4%. $387,050; 4 ^ % , $115,000; 5%, $144,000; 5 ^ % , $30,000; %, $21,800; 7%, $33,200; % ,
$57,500; 10%, $18,200; 12%, $19,000.

6

6

6

6

6

8

Number of loans not over $3,000 each, 673, amounting to $938,383.97.
31 real estate loans made during year, amounting to $107,375.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 14,253, amounting to

$69,410 56
70,791 78
671,219 37

Number of withdrawals during year, 9,940, amounting to

$811,421 71
660,073

88

$151,347 83

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 California 4s
15.000 Canton, 0., 5J'¿s
22.000 Chelsea 4s
25.000 Hamilton, O., 5s
15.000 Oakland, Cal., 5Vis
15.000 Omaha, Neb., 4Vis
25.000 San Francisco, Cal., 3}^s
25.000 San Francisco, Cal., 5s
Public Funds, Notes.

10.000Holliston 3Vis

Railroad Bonds.
$25,000 Boston & Albany 5s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4JVs

Par Value.
$10,000 Boston, Rev. Beach & L. 4Vis $25,000'Old Colony 4s
10.000 So. Shore & Boston 5s
75.000 C., B. & Q. 3V2S
15.000 West End 5s
35.000 C., B. & Q. 4s
14.000 Western Massachusetts 5s
20.000 Chicago & Northwestern s
15.000 Wore. & Southbridge 4Vcs
25.000 Fitchburg 4V£s
75.000 Illinois Central 3s
79.000 Illinois Central 3Vis
25.000 Michigan Central 3k¿s
Bank Stocks.
75.000 N. Y., N. H. & H. 4s
Shs.
5,000 Old Colony 4s
332 Beverly Nl. Bank
190 First Nl. Bk., Boston
100 Nl. Bk. of Commerce, Boston
575 Nl. Shawmut Bk., Boston
Street Railway Bonds.
182 Old Colony Tr. Co., Boston
18 Nl. Grand Bk., Marblehead
$25,000 Boston Elevated 4s
71 First Nl. Bk., Salem
25.000 Boston Elevated 4J/£s
30.000 Boston & Northern 4s
30.000 Lynn & Boston 5s

6

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
5,582 $273,440 61
From women
. 11,954 $170,856 67
Of $50 and less
3,713 49
7
From guardians
90,993 37
Over $50, not over $100 . 1,130
From religious and chari78,636 10
510
Over $100, not over $200
3,570 17
16
table corporations
131,851 08
372
Over $200, not over $500
863 58
From labor unions .
71,169 77
99
Over $500, under $1,000
1,852 50
In trust
86,700 00
Of $1,000 or more

22
8

86

. 14,151

Totals

$630,206 99

Totals

102 transfers, amounting to $41,012.38, not included in above table.
D ates

of

E x a m in a t io n , M arch 2 6 -3 0 inclusive.


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

5,635

$283,440 35

so

REPORT OF THE

[Pub. Doc.

BLACKSTONE SAVINGS BANK, BOSTON.
26 W ASHINGTON STREET.

Incorporated April 23, 1901.

Num ber of corporators, 37; number of trustees, 20.

L ou is A . F r o t h in g h a m , President.

A r t h u r E . R o b e r t s , Treasurer.
J o h n F . T u r n e r , Clerk of the Corporation.

Board of Trustees: F. W . A l l e n , E. S. B a r k e r , A . F. B e m is , W . E. C l a r k , E. N. E a m e s , A. W .
F l i n t , L . A . F r o t h in g h a m , E. E . G r a y , 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 . S. W i l e y .

Board of Investment: L . A . F r o t h in g h a m , H . H . Sa v a g e , A. F . B e m is , J oh n O ’H a r e , J. E . W

e lch .

Auditing Committee: J. F . T u r n e r , E . E . G r a y , E . N . E a m e s .

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 2 f .m .;
Saturdays, 9 to 1 P.M.; and 5 to 7 p .m . for deposits only, except during July and August.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
P ublic funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
330 loans on real estate {average of each, $2,610.64) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
$861,910 00
400 00

$68,343 75
102,986 74
28,000
23,272 50

00

861,510
131,486
1,598
2,996
51,118
2,331

16 loans on personal security .
Furniture and fixtures .
.
.
.
.
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

00
00
00
98
50
30

Total A s s e t s .......................................... $1,273,643 77

Liabilities.
Due depositors on 2,642 accounts, averaging $472.57 each
(Accounts opened during year, 602; closed, 877; increase, 225)
Surplus: —
a. Guaranty fund (1.22% of deposits; increase during year, $3,115)
h. Profit and loss (increase during year, $3,780.38)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities

.

.

$1,248,540 43
15,184 78
9,104 30

$927 05
112 79
------------

814 26

.

$1,273,643 77

BANK COMMISSIONER.

No. 8.]

31

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,583.41
$3,004.00 $2,000.00
$361.80
$1,422.29
$8,371.50
Cost per $1,000 of assets
1 ; 24
2 .3 6
1.57
.28
1.12
6.57
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3 .7 6

Gross income received during the year, $62,335.46.

Rates on Investments and Loans (Average on All, 5.33%).

6

Real estate loans (average rate, 5.57 per cent.): 5%, $5,500; 5J^%, $729,920 ; %, $126,090.
Personal loans (average rate, 5.73 per cent.): 4)4%), $10,000; 4 )4 % , $18,000; 4)4% , $5,000 ; 5% ,
$9,986; 5M % , $25,000; 5)4% , $1,500; %, $1,000; 6}4% , $28,000; Q%%, $8,000; 7%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3)4% , $62,000; 3 % % , $4,000;
4%, $78,000; 4 M % , $10,000; 4)4%,, $52,000; 5%, $25,000.

6

Number of loans not over $3,000 each, 236, amounting to $498,090.
60 real estate loans made during year, amounting to $166,950.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 3,650, amounting to

$21,424 43
23,462 99
367,051 28

(Number of withdrawals during year, 2,186, amounting to

$411,938 70
270,322 89

N et increase in amount due depositors

.

.

.

.

$141,615 81

.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Boston 3)4s
10.000 Boston 4bis
5.000 Brockton 4s
5.000 Los Angeles, Cal., 4)4s
10.000 Omaha, Neb., 4)4s
4.000 San Francisco, Cal., 5s
5.000 Seattle, Wash., 4)4s
5.000 Sioux City, Iowa 4)4s
4.000 Somersworth, N. H., 4s
3.000 Danvers 4s

Par Value.
$4,000 East Longmeadow 3%s
4.000 Winthrop 4s
5.000 Kennebec, Me. (W. D.),
Railroad Bonds.
$19,000 Baltimore & Ohio 3)4s
5.000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
12.000 Boston & Maine 4s
5.000 Boston & Maine 4)4s

Ï Par Value.
$2,000 C., B. & Q. 3)4s
10.000 C., B. & Q. 4s
5.000 Fitchburg 4s
3.000 Illinois Central 3)4s
28.000 N. Y., N. H. & H. 3Y»
10.000 No. Maine Seaport 5s
Street Railway Bonds.
$22,000 Boston Elevated 4)4s
6,000 Springfield & Eastern 5s

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
959 $138,312 08
From women
$45,678
. 2,491
2,170 57
From guardians
.
492
38,927 74
Over $50, not over $100
From religious and chari41,189 15
266
Over $100, not over $200
1,982 63
table corporations .
67,891 13
193
O ver $200, not over $500
65 00
From labor unions
69
51,327 58
Over $500, under $1,000
ò2|17b 5o
313
In trust .
.
.
.
91,000 00
91
Of $1,000 or more

68

Totals

. 3,602

$336,014 28

8
21
1

Totals

48 transfers, amounting to $31,037, not included in above table.
D a t e s of E x a m in a t io n , February 11, 12.


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

1,302

$174,706 83

32

REPORT OF THE

[Pub. Doc

BOSTON FIVE CENTS SAVINGS BANK, BOSTON.
32-38 SCHOOL STREET.
Incorporated April 7, 1854.

Number of corporators, 48; number of trustees, 22.

W il m o t R . E v a n s , President.
J o s e p h C. H o l m e s , Treasurer.
J o sep h H . C a n n e l l , Clerk of the Corporation.

Board of Trustees: C . R . B 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 in ,
F. A . 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 ic k , J. C . H o l m e s , D . W . K i n g ,
J. D . L o n g , A. M . L y o n , F. A . M e r r il l , F. C . M c D u f f ie , E . A . M c L a u g h l in , F. W . R e m ic k ,
S u m n e r R o b in s o n , N. J. R u s t , G. E . S m it h , P h il ip S t o c k t o n , W . F. W h it t e m o r e .
Board of Investment: C . R. B a t t , W . R . E v a n s , R . F. H e r r ic k , F. C. M c D u f f ie , S u m n e r R o b in s o n ,
N. J. R u s t , P h il ip S t o c k t o n .
Auditing Committee: J. H. C a n n e l l , R . F. H e r r ic k , A . M . L y o n .
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 0 to p .m .

8

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
. ' .
1,071 loans on real estate (average of each, $22,372.62) .
Less amount due on uncompleted loans .
.
.
.
.

.
.
.
.

.
.
.
.

.
.

.
.
.
.

.
.
.
.

$8,749,797
4,329,000
685,000
359,000
467,200

.
.

09
00
00
00
00

.
.
.
$23,968,580 00
7,500 00
----------------------- 23,961,080 00
184 loans on personal security
.
.
.
.
.
.
.
.
.
.
11,195,051 00
Bank building and fixtures (estimated value, $360,000; assessed value, $446,000)
.
350,000 00
Real estate b y foreclosure, etc. (assessed value, $6,200) .
.
.
.
.
.
3,600 00
Deposits in national banks or trust companies
.
.
.
.
.
.
.
997,347 99
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
100,496 98
.

. $51,197,572 97

Total Assets
Liabilities.

$47,555,141 51
Due depositors on 199,497 accounts, averaging $238.37 each
.
.
.
.
.
(.Accounts opened during year, 21,256; closed, 19,419; increase, 1,837)
Surplus: —
2,362,302 14
a. Guaranty fund (4-07% of deposits; increase during year, $69,118.99)
1,171,957 43
h. Profit and loss (increase during year, $117,383.80)
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$110,217 38
Less real estate, rents and expenses
.
.
$148 23
Less current expenses not charged off
.
.
1,897 26
--------------------2,045 49
108,171 89
Total Liabilities

.

.

.

.

.

$51,197,572 97

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$91,305.88
$86,894.27 $11,750.00
Cost per $1,000 of assets
1.78
1.69
.23
Cost per $1,000 of assets not including State tax and rent .
.
.

Other Expenses.
Total.
$17,632.27 $207,582.42
.34
4 .04
.
.
.
2.03

Gross income received during the year, $2,261,733.59.
Rates on Investments and Loans (Average on All, 4.51%).

4

Real estate loans (average rate, 4.34 per cen t.): 3%%., $750,000; 4%, $7,591,535; 4J^%, $41,500; 4 J >1,
$5,888,300; 4>^%, $5,084,825; 4M % . $981,050; 5%, $3,596,950; 5M % . $8,700; 5)4% , $12,800;
% , $5,420.
Personal loans (average rate, 5.11 per cent.): 4)4% , $1,180,600; 4.%%, $927,500; 4)4% , $3,547,700;
4 ^ % , $100,000; 4M % . $260,000; 5%, $278,600; 5M % . $635,000; 5)4% , $898,000; 5M % . $25,000;
%, $1,979,501; M % . $120,000; 6)4% , $1,243,150.
Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3% % , $15,000; 3.70%, $200,000;
3.80%, $15,800; 4%, $11,352,197; 4 )4 % , $200,000; 4)4%c, $1,725,800; 5% , $493,000 ;
%,
$190,000; %, $108,300; 10%,.$124,300; 12%, $206,600.

6

6

6

8

Number of loans not over $3,000 each, 494, amounting to $904,620.
116 real estate loans made during year, amounting to $2,232,050.


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

6

33

BANK COMMISSIONER.

No. 8.'

Dividends, Deposits and Withdrawals.
$868,813 21
878,525 05
11,113,894 72

Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 239,336, amounting to .

Number of withdrawals during year, 186,634, amounting to
Net increase in amount due depositors

.

.

.

.
.

.

.

.
.

.
.

$12,861,232 98
11,412,316 21
$1,448,916 77

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,344,000 Massachusetts 4s
500.000 New York 4J^s
50.000 Essex Co. 4s
1,409,000 Boston 4s
100.000 Boston 4¡4s
207.000 Brockton 4s
320.000 Cambridge 4s
75.000 Chelsea 4s
409.000 Chicago, 111., 4s
5.000 Everett 4s
324.000 Fall River 4s
51.000 Fall River 4A s
81.000 Gloucester 4s
105.000 Haverhill 4s
38,500 Holyoke 4s
95.000 Holyoke 414s
248.000 Indianapolis, Ind., 4s
250.000 Kansas City, Mo., 4s
100.000 Kansas City, Mo., 4J4s
125.000 Lawrence 4s
109,900 Lowell 4s
57.000 Lowell 4A&
35.000 Lynn 4s
50.000 Lynn 4J4s
16.000 Malden 4s
26.000 Marlborough 4s
45.000 Melrose 4s
250.000 Milwaukee, Wis., 4s
100.000 New Bedford 4s
5.000 Newburypo ills
208.000 Pittsfield 4s
25.000 Pittsfield 4As
125.000 Providence, R. I., 4s
Quincy 4s
70.000 Salem 4s
43.000 Somerville 4s
390.000 Springfield 4s
50.000 Springfield 4}£s
48.000 Taunton 4s
34.000 Taunton 4A s

10.000

$615,000 Boston & Lowell 4s
100.000 Boston & Lowell 4As
350.000 Boston & Maine 4s
250.000 Boston & Maine 4As
694.000 C., B. & Q. 4s
320.000 Chic,, Mil. & St. Paul 5s
165.000 Fitchburg 4s
200.000 Fitchburg 4Aß
90.000 Illinois Central 5s
100.000 New England 4s
25.000 N. Y., Lack. & West. s
100.000 N. Y., N. H. & H. 4s
850.000 Old Colony 4s
50.000 Philadelphia & Erie s
100.000 Fr., Elk. & Mo. Val. s

Pa$4o!ciOO Waltham 4s
100.000 Waterbury, Conn., 4s
38.000 Woburn 4s
250.000 Worcester 4s
40.000 Adams 4s
29.000 Athol 4s
25.000 Attleborough 4s
10.000 Bourne 4s
28.000 Framingham 4s
10.000 Franklin 4s
62.000 Marblehead 4s
46.000 Marion 4As
40.000 Milford 4s
25.000 North Andover 4s
31.000 Pepperell 4s
20.000 Reading 4s
15.000 Revere 4s
45.000 Rockland 4s
10,500 Watertown 4s
78.000 Winthrop 4s
40.000 Winthrop 4J^s
35.000 No. Easton Vil. (F. D.), 4s
Public Funds, Notes.
40.000 Bristol Co. 4s
200,000 Essex Co. 3.70%
10.000 Chicopee 4s
4.000 Agawam 4s
15,800 Hudson 3.80%
15.000 Milton 3.20%
4.000 Newbury 4s
1,400 Walpole 4s
2,800 Ware 4As
5,897 Winthrop 4s
Railroad Bonds.
$250,000 Boston & Albany 4s
70,000 Boston & Albany 5s

6

6
6

Street Railway Bonds.
$235,000 Boston Elevated 4s
200.000 Boston Elevated 4As
225.000 West End 4s
25,000 West End 4Mis
Bank Stocks.
Shs.
130 Boylston Nl. Bk., Boston
610 First Nl. Bk., Boston
443 Merchants Nl. Bk., Boston
168 Nl. Bk. of Commerce, Boston
200 Nl. Rockland Bk., Boston
56 Nl. Security Bk., Boston
800 Nl. Shawmut Bk., Boston
50 Nl. Union Bk., Boston
500 Old Colony Trust Co., Boston
1,000 Second Nl. Bk., Boston
133 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

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
197,331 :$3,368,068 14
Of $50 and less
Over $50, not over $100 . 23,806 1,898,847
Over $100, not over $200
9,191 1,398,431 29
5,545 1,929,334 63
Over $200, not over $500
Over $500, under $1,000 .
1,539 1,125,522 62
856,380 19
836
Of $1,000 or more .

66

Totals

From women
From guardians
From religious and chari­
table corporations
In trust
Totals

238,248 $10,576,584 53

1,088 transfers, amounting to $537,310.19, not included in above table.
D a te s of E x a m in a t io n , October 30-N ovem ber 4 inclusive.


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

No.
Amount.
98,191 $4,711,209 76
69
22,401 20
451
8,085

49,838 82
172,295 23

106,796 $4,955,745 01

REPORT OF THE

34

[Pub. Doc.

BOSTON PENNY SAVINGS BANK, BOSTON.
1375 W ASHINGTON STREET.

Incorporated M arch 9, 1861.

Number of corporators,

66;

number of trustees, 29.

J ohn R eynolds , President.
W illiam H. D d b k ee , Treasurer.
H erbert M . L ela n d , Clerk of the Corporation.

Board of Trustees: J. R . A in sley , F. W . B a il e y , C. L. B a ir d , M atth ew B in n e y , W . N . B ix b y ,
F. H. B riggs , J. F. B u e rk el , W . G . C ousens , A . H. D ecatu r , W . H . D u r k e e , C. C . F e r ris ,
J. H. G oodspeed , R . D . G oodw in , J. B. H u n t er , E . B. K ellogg , H. M . L e la n d , V . J. L oring ,
J. D . M c L ella n , G. C. M orton , A . K . P a g e , W . H. P ie r c e , J ohn R eynolds , F . A . Schirmer ,
L. H. Sh epa rd , S. A . D . Sheppard , F. A. Singleton , C . I. T h a y e r , R . E . T ownsend , H . H .
W iggin .
Board of Investment: J ohn R eynolds , M atthew B in n ey , J. F. B ue rk el , L. H. Shepard , R . E.
T ownsend .
Auditing Committee: J. H. G oodspeed , W . N. B ix b y , L. H. Shepard .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
the twelfth day of April and October. Business hours; 9 a . m . to 3 P .M .; Saturdays, 9 a . m . t o
12 M .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes .
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
682 loans on real estate (average of each, $11,Jf.79.9S)
.
.
.
.
.
96 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $63,000)
Real estate b y foreclosure, etc. (assessed value, $139,900) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

.
.

.
.
.
.
.

.

.
.
.

.

.

$92,843 50
377,987 50
195,683 25
139,468 75
7,829,350 00
2,952,400 00
50,000 00
132,126 87
183,646 65
19,767 25

Total A s s e t s .......................................... $11,973,273 77

Liabilities.
Due depositors on 26,340 accounts, averaging $430.59 each
.
.
.
.
.
$11,341,820 33
{Accounts opened during year, 5,765; closed, 4,541; increase, 1,218)
Surplus: —
a. Guaranty fund (2.86% of deposits; increase during year, $28,000) .
.
.
325,000 00
b. Profit and loss (increase during year, $46,384-61) .
.
.
.
.
.
243,376 76
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$29,746 93
Less current expenses not charged off
.
.
.
.
2,670 25
----------------------27,076
Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
36,000


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

68
00

Total Liabilities

. $11,973,273 77

No. s :

BANK COMMISSIONER.

35

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$15,615.12 $28,798.32 $2,500.00 $1,388.50
$5,044.05 $53,345.99
.42
4 .4 5
C ost per $1,000 of assets
1.30
2 .4 0
.12
2.94
C ost per $1,000 of assets not including State tax and rent .

.21

Cross income received during the year, $559,188.40.

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 4.99 per cent.): 4J^%, $97,000; 5%, $7,730,650; 5J^%, $1,700.
Personal loans (average rate, 4.79 per cent.): 4)4% , $50,000; 4% % , $150,000; 4)4% , $1,310,000; ) %,
$100,000; 4?4% , $535,000; 5%, $235,400; 5)4% , $70,000; 5)4% , $275,000; 5M % , $215,000;
%, $3,000; 7)4% , $9,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.12 per cent.): 3)4%, $150,000; 4% , $530,000;
4 J4%, $150,000.

44

6

Number of loans not over $3,000 each, 112, amounting to $246,910.
19 real estate loans made during year, amounting to $797,900.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 41,772, amounting to

$206,162 94
213,485 36
2,482,469 43

Num ber of withdrawals during year, 30,941, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

$2,902,117 73
2,281,976 33

.
.

.

$620,141 40

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Boston 3)4s
10.000 Boston 4s
25.000 New Bedford 4s
10.000 Newton 4s

Railroad Bonds.
$25,000 Boston & Albany 4s
100,000 Boston & Maine 4s
50.000 C„ B. & Q. 3)4s
50.000 Chic., Mil. & St. Paul 4 J4s
25.000 Chic. & Northwestern 4s
25.000 Fitchburg 4s
50.000 Illinois Central 3)4s
10.000 N. Y., N. H. & H. 4s
50.000 Northern Pacific 4)4s

Street Railway Bonds.
Par Value.
$75,000 Boston Elevated 4s
25.000 Boston & Northern 4s
50.000 West End 4s
50.000 West End 4)4s

Classification of Deposits received during the Year ending October 31, 1914.
No.
31,217
4,977
2,829
1,317
461
458

O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more

Amount.
$437,255 16
311,663 52
334,014
363,599 67
257,512 77
490,427 69

22

No.
Amount.
From women .
20,836 $1,232,645 57
From guardians
56
6,968
From religious and chari­
table corporations
184
30,138 31
4
From labor unions .
833 44
In trust .
.
.
.
378,644 18
4,589

. 41,259 $2,194,473 03

Totals

20

Totals

513 transfers, amounting to $287,996.40, not included in above table.

D ates

of

E xam in atio n , January 26-28 inclusive.


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

. 25,669 $1,649,229 70

36

REPORT OF THE

[Pub. Doc

BRAINTREE SAVINGS BANK, SOUTH BRAINTREE.
W ASHINGTON STREET.
Incorporated March 21, 1870.

Number of corporators, 35; number of trustees, 11.

B enjamin F. D y e r , President.
F. E ugene D y e r , Treasurer.
G eorge W . St ev en s , Clerk of the Corporation.
Board of Trustees: H. F. A rn old , B. F. D y e r , F. E. D y e r , L. B. H ollis , W . A . M c K e a n , G. V.
P ennock , P. C. Sprin g , G. W . Stev en s , J. T . Stev en s , N. G. T orrey , B. H. W oodsum .
Board of Investment: B. F. D y e r , L. B. H ollis , W . A. M cK e a n .
Auditing Committee: B. F. D y er , G. W . Stev en s , N. G. T orrey .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 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 M ay,
June, July, August and September, 8.30 a .m . to 12 m .

1

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement o f indebtedness
196 loans on real estate {average of each, $1,905.35)
loans on personal security
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

8

.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.

.
.
.
.
.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.
.
.
.
.
.

.

Total Assets

$36,873
159,492
70,275
11,131
10,600
5,476
373,449
78,000
17,133
1,277

55
50
00
25
00
67
00
00
85
54

$763,709 36

Liabilities.
Due depositors on 1,944 accounts, averaging $358.28 each
.
.
.
.
.
(.Accounts opened during year, 247; closed, 243; increase, 4)
Surplus: —
a. Guaranty fund (3.95% of deposits; increase during year, SI ,753.65) .
h. Profit and loss (increase during year, $4,311.92)
.
.
.
.
.
.
Current incom e: — ,
I n t e r e s t ...............................................................................................$15,753 40
Less current expenses not charged off
.
.
.
.
417 77

$696,509 87
27,534 48
24,329 38

15,335 63
Total L ia b ilit ie s .......................................... $763,709 36

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,531.72
$1,140.00
$300.00
$4.50
Cost per $1,000 of assets
2 .0 0
1.49
.39
.01
Cost per $1,000 of assets not including State tax and rent .
.
Gross income received during the year, $36,729.60.


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

Other Expenses.
Total.
$532.61
$3,508.83
.70
4.59

2.20

No. 8.

BANK COMMISSIONER.

37

Rates on Investments and Loans (Average on All, 5.15%).

6

Beal estate loans (average rate, 5.13 per cen t.): 4J^%, $5,000; 5%, $290,492; 5)^% , $51,775; %,
$26,182.
Personal loans (average rate, 4.75 per cent.): 4J^%, $28,000; 4M%> $20,000; 5%, $30,000
Bonds, stocks, etc. (average rate on amounts invested, 5.28 per cent.): 3A%< $23,000; 4% , $204,000;
4 H % , $5,000; 4J^%, $57,000; 5%, $59,000; %, $3,700; %, $5,400; 10%, $700; 12%, $800.

6

8

Number of loans not over $3,000 each, 177, amounting to $293,272.
18 real estate loans made during year, amounting to $27,275.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 2,310, amounting to

$13,191 01
13,496 84
137,962 50

Number of withdrawals during year, 2,254, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$164,650 35
161,978 35
$2,672 00

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 California 4s
10.000 Boston 4s
5.000 Boston 4his
5.000 Los Angeles, Cal.,
5.000 Omaha, Neb., 4H>s
5.000 San Francisco, Cal.. 5s
2.000 Braintree 4s
Railroad Bonds.
$3,000 Aroostook Northern 5s
5.000 Bangor & Aroostook 5s
10.000 Boston & Albany 4Ms
15.000 Boston & Maine 4s
10.000 C., B. & Q. 4s
5.000 Chic., Mil. & St. Paul 4h£s
5.000 Chic., Mil. & St. Paul 5s

Par Value.
$5,000 Concord & Montreal 4s
13.000 Fitchburg 4s
2.000 Fitchburg 4hjs
10.000 Illinois Central 3J^s
5.000 Me. Cent. & E. & N. A. 4s
5,0C0 Michigan Central 3h£s
5.000 N. Y., N. H. & H. 3'As
25.000 N. Y „ N. H. & H. 4s
10.000 No. Maine Seaport 5s
10.000 Old Colony 4s
5.000 Penobscot Shore Line 4s
5.000 Vermont Valley 4his
3.000 Washington Co. 3^|s
5.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$10,000 Boston & Northern 4s
20.000 Boston Elevated 4H>s
5.000 Gloucester, Essex & Bev. 5s
6.000 Lowell, Law. & Hav. 5s
10.000 Lynn & Boston 5s
5.000 West End 4s
5.000 West End 5s
5.000 Worcester Consol. his
5.000 Worcester Consol. 5s

4

Bank Stocks.
Shs.
7 Merchants Nl. Bk., Boston
36 Nl. Shawmut Bk., Boston
Winthrop Nl. Bk., Boston
37 Brockton Nl. Bk.

8

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,835
.
229
.
118
63
32

22

. 2,299

Totals

Amount.
$30,404 67
18,199 78
17,901 98
21,875 03
22,403 94

22,000 00

From women .
From guardians
From religious and
table corporations
Totals

$132,785 40

11 transfers, amounting to $5,177.10, not included in above table.
D ate

op

E xam in atio n , February 13,


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

.

No.
.
. 1,007
.
.
1
chari.
.
52

Amount.
$56,862 93
40 00

.

$58,720 94

. 1,060

1,818

01

[Pub. Doc.

REPORT OF THE

38

BRIDGEWATER SAVINGS BANK, BRIDGEWATER.
11
Incorporated March 19, 1872.

CENTRAL SQUARE.
Number of corporators, 22;- number of trustees, 13.

W illiam D . Jackson , President.
S. L obin K eith , Treasurer.
F b a n k E . Sw e e t , Clerk of the Corporation.
Board of Trustees: H. M . B lackstone , A. G. B oyden , H. W . B ragdon , P. O. C l a r k , O. B. C ole ,
J. H. F a ir ban ks , E . A. H e w itt , W . D. J ackson , S. L. K e ith , G. J. L ow e , E. A. M ac M aster ,
G ustavus P r a tt , F. E . Sw e et .
Board of Investment: H . W . B ragdon , P. O. C la r k , J. H. F air ban ks , E. A . H e w itt , G. J. L ow ,
S. L. K e ith .
Auditing Committee: P. O. C lar k , O. B. C ole , H. W . B ragdon .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours:
a .m . to 12 m .; 2 to 5 p .m .; also M ondays 7 to
p .m .
for deposits only.

8

8

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
249 loans on real estate (average of each, $1,74-3.68) .
.
27 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $9,000; assessed
Real estate b y foreclosure, etc. (assessed value, $4,600)
.
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

.

.
.
.

.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
value, $7,100)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.
.
.
.

.

.

.
.
.
.

.

.

$200,500 00
247,642 50
103,522 50
19,502 50
72,825 60
434,177 00
66,760
8,000 00
5,100 00
109 89
12,549 39
6,994 27

00

. $1,177,683 65

Total Assets

Liabilities.
$1,102,845 14

Due depositors on 3,075 accounts, averaging $358.65 each
(Accounts opened during year, 417; closed, 856; increase, 61)
Surplus: —
'
a. Guaranty fund (4.94% of deposits; increase during year, $500)
b. Profit and loss (increase during year, $8,703.33)
Current income: —
a. Interest .
.
.
.
.
.
.
$4,998 95
b. Rent
.
.
.
.
.
.
.
25 31

54,500 00
15,342 25

$5,024 26
28
---------------

00

Less current expenses not charged off

4,996 26

Total L ia b ilitie s .......................................... $1,177,683 65

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$1,910.96 $2,750.00
Cost per $1,000 of assets
1.62
2.33
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $55,022.58.


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

Advertising.
.

.

Other Expenses.
Total.
$857.60
$5,518.56
.73
4.68
.
.
.
3 .06

39

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.96%).
Real estate loans (average rate, 5.27 per cent.): 4%, $5,500; 4)-^%, $10,500; 5%, $280,415; 5V£%,

6

Personal loans (average rate, 5.08 per cent.): 4)^% , $20,000; 5%, $19,650; 5 ^ % , $23^00; %, $4,110.
Bonds, stocks, etc. (average rate on amounts invested, 4.75 per cent.):
$48,000; 4%, $312,500;
4Ji% . $100,000; 5%, $149,300; %, $20,300; 7%, $10,500; %, $19,700; 10%, $3,500; 12%, $4,800.

6

8

Number of loans not over $3,000 each, 236, amounting to $274,187.
33 real estate loans made during year, amounting to $45,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
'
Oct., 1914, 2%
Number of deposits during year, 3,164, amounting to

$20,488 91
20,863 49
194,983 22

Number of withdrawals during year, 2,629, amounting to

$236,335 62
206,409 17

Net increase in amount due depositors

$29,926 45

,

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 4s
10.000 Bay City, Mich., 5s
10.000 Fall River 4s
10.000 Hartford, Conn., 4}^s
5.000 Lewiston, Me., 5s
25.000 Los Angeles, Cal.,
5.000 New Bedford 3)^s
10.000 New Bedford 4s
10.000 Stamford, Conn., i}is
7.000 Brewster 4s
20.000 Concord 4s
5.000 Dracut 4s
3,500 Huntington 4s
5.000 Mansfield 4s
10.000 Montague 5s
10.000 Nortn Attleborough 4s
10.000 Revere 4s
10.000 Russell 4s

4^28

Public Funds, Notes.
Par Value.
$30,000 Bridgewater 4s
Railroad Bonds.
$10,000 Baltimore & Ohio 3Jlis
10.000 Bangor & Aroostook 5s
5.000 Burl. & Mo. Riv. s
17.000 C., B. & Q. 3^s
10.000 C., B. & Q. 4s
10.000 Chic. & Northwestern 4s
5.000 Chic. & Northwestern 5s
10.000 Illinois Central 3J^s
10.000 Illinois Central 4s
20.000 Louisville & Nashville 5s
5.000 Mahoning Coal 5s
85.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 4s
10.000 Port. & Ogdensburg 4Hs
6.000 Sioux City & Pac. 3)^s
5.000 Troy & Boston 7s

6

Street Railway Bonds.
$30,000 Boston Elevated 4hás
20.000 Boston & Northern 4s
10.000 Lynn & Boston 5s
15.000 Lowell, Law. & Hav. 5s
15.000 West End 4s
15.000 Worcester Consol. 4Hs
Bank Stocks,
Shs.
13 Abington Nl. Bk.
44 Boylston Nl. Bk., Boston
42 First Nl. Bk., Boston
55 Fourth-Atlantic Nl. Bk., Boston
15 Merchants Nl. Bk., Boston
20 Nl. Rockland Bk., Boston
Nl. Security Bk., Boston
197 Nl. Shawmut Bk., Boston
90 Brockton Nl. Bank
55 Home Nl. Bk., Brockton
Plymouth Nl. Bank
36 Bristol Co. Nl. Bk., Taunton

6

8

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
2

No.
. 2,371
.
467
174
91
32
27

Amount.
$49,473 74
38,822 30
26,255 96
30,983 92
21,675 44
27,000 00

. 3,162

$194,211 36

No.
1,082
From women
From guardians
From religious and chari91
table corporations .
From labor unions
67
In trust .
.
.
.

Amount.
$68,326 77

1,250

$80,342 78

2
8

Totals

transfers, amounting to $771.86, not included in above table.
D ates

of

E xam ination , July 27, 28.


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

220 00

4,083 06
1,320 05
6,392 90

40

REPORT OF THE

[Pub. Doc.

BRIGHTON FIVE CENTS SAVINGS BANK, BOSTON.
326 W ASHINGTON STREET (Ward 25).
Incorporated March 28, 1861.

Number of corporators, 63; number of trustees, 15.

H aery C. Fabyan , President.
W alter A . L ambert, Treasurer.
G eorge F. B unker , Clerk of the Corporation.
Board of Trustees: G . F. B unker , F rancis B urke , H. C. Fabyan , G. A . F uller , C. E . H olman,
Samuel K eene , J. T . K nowles , W . A. Lambert, G. B. Livermore , W . J. M aguire , G. H.
M cD ermott, T . B. M unroe, F. G. N ewhall , F. A . N orcross, B. W . W arren .
Board o f Investment: H. C. Fabyan , G. A. F uller, G. B. Livermore, T. B. M unroe , F. G. N ewhall .
Auditing Committee: F. G. N ewhall , C. E. H olman, W . J. M aguire .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
461 loans on real estate (average of each, $8,245.56) .
Less amount due on uncompleted loans .
.
.

.

.
.

.
.

.

.

.
.
.

.

.

.
.
.

.
.
.

.
.
.

.
.
.
.
.
$1,506,704 74
.
.
10,499 00
----------------------22 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $10,000; assessed value, $10,500)
.
.
Real estate b y foreclosure, etc. {assessed value, $11,400) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
- .
.
.
.
.
.
.
.
.
.
.
.
.
Cash and cash items
.
.

.

.

.
.
.

.
.

Total Assets

.

.

.

$135,70000
296,600 00
54,322 00
20,00000
35,500 00
7,00000

.
.

.

.

.

.

.

1,496,205 74
372,30000
10,00000
8,09110
30149
40,609 44
6,34387
$2,482,973 64

Liabilities.
Due depositors on 7,760 accounts, averaging $298.62 each
.
.
.
.
.
(Accounts opened during year, 1,289; closed, 937; increase, 302)
Surplus: —
а. Guaranty fund (3.80% of deposits; increase during year, $6,500)
.■
.
.
б. Profit and loss (increase during year, $8,544-93) . . . . . .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$40,624 97
Less current expenses and rent not charged off
.
.
.
4,331 88
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$2,317,288 74
88,000 00
39,673 05

36,293 09
1,718 76
$2,482,973 64

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
$2,464.31 $14,264.42
Amount paid for
$4,379.31
$6,034.17
$600.00
$786.63
.99
5 .7 3
Cost per $1,000 of assets
1.76
2.43
.24
.31
3.73
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $112,149.70.


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

41

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.06 per cent.): 4Vi%, $8,000; 4 % % , $31,742.74; 5%, $1,283,802;
5 H % , $140,431; 6%, $32,230.
Personal loans (average rate, 4.99 per cent.): 4%, $15,000; 4M % , $50,000; i% % , $40,700; 4V£%,
$117,000; m % , $50,000; 5%, $29,600; 7%, $25,000; 8%, $35,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.04 per cent.): 3J^%, $156,000; 3% % , $10,000;
4%, $318,000; 4J^%, $50,000; 5%, $10,300; 6%, $3,000; 7%, $5,000; 8%, $1,000; 10%, $1,000;
12%, $1,700.
Number of loans not over $3,000 each, 268, amounting to $474,765.
57 real «state loans made during year, amounting to $259,300.

Dividends, Deposits and Withdrawals.
$41,416 78
42,733 44
532,791 41

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 11,246, amounting to

$616,941 63
502,438 99

Number of withdrawals during year, 6,118, amounting to

$114,502 64

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Massachusetts 3Vás
10.000 Belfast, Me., 4s
10.000 Boston 3Mis
5.000 Boston 4s
5.000 Bridgeport, Ct., 4s
2.000 Brockton 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., 4Vis
4.000 Winchester 4s
Public Funds, Notes.
$10,000 Brookline
Railroad Bonds.
$16,000 Boston & Albany 3Vis
5.000 Boston & Albany 4s

Par Value.
$14,000 Boston & Lowell 4s
7.000 Boston & Maine 4s
25.000 C., B. & Q. 3Vis
10.000 C., B. & Q. 4s
20.000 Chic. & Northwest. 4s
15.000 Cleveland & Pitts. 3Vis
10.000 Concord & Montreal 4s
10.000 Dexter & Piscataquis 4s
10.000 Erie & Pitts. 3Mis
28.000 Fitchburg 4s
10.000 Illinois Central 3Vis
20.000 Illinois Central 4s
10.000 M. Cent. & E. & N. A., 4s
20.000 N. Y., N. H. & H. 3Vis
10.000 N. Y., N. H. & H. 4s
9.000 Old Colony 4s
20.000 Penobscot Shore Line 4s
10.000 P., Gt. Falls & Con. 4Vis
10.000 Washington Co. 3Vis
5.000 Winona & St. Peters 7s
5.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
5,000 Boston & Northern 4s
10.000 Lynn & Boston 5s
30.000 West End 4s

Bank Stocks.
Shs.
15 Eliot Nl. Bk., Boston
15 First Nl. Bk., Boston
30 Market Trust Co., Boston
10 Merchants Nl. Bk., Boston
3 Old Boston Nl. Bk., Boston
2 Second Nl. Bk., Boston
13 State Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
No.
Amount.
Amount.
No.
4,676
$223,200 56
From women
. 9,069 $160,343 41
829 26
3
From guardians
108,986 57
. 1,353
Over $50, not over $100
From religious and chari­
67,296 27
454
Over $100, not over $200 .
3,431 64
57
table corporations
72,125 73
209
Over $200, not over $500 .
40,308 18
1,098
In trust .
.
.
.
45,944 65
67
Over $500, under $1,000
63,444 87
63
Of $1,000 or more
$267,769 64
5,834
Totals
$518,141 50
11,215
Totals
31 transfers, amounting to $14,649.91, not included in above table.
D ates

of

E xamination , February 9, 10.


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

42

REPORT OF THE

[Pub. Doc.

BRISTOL COUNTY SAVINGS BANK, TAUNTON.
35
Incorporated March 2, 1846.

BROADW AY.

Number of corporators, 64; number of trustees, 14.

G eorge E. W ilbur, President.
A lfred C. Pla.ce, Treasurer.
C hester E. W alker , Clerk of the Corporation.
Board of Trustees: S. G. B eers , C. H. B laine , C. W . D avol, C. F. F oster, E. D. G odfrey, F. A.
H ubbard, F. L. M orse, T. J. M orton, W . R. Park , Jr., A. C. Place, S. D . Presbrey, W . T.
Soper, E. A. T homas, G. E. W ilbur.
Board of Investment: E. D. G odfrey, S. D. Presbrey, W . T. Soper, G. E. W ilbur , E. A. T homas.
Auditing Committee: C. H. B laine , F. L. M orse, W . T. Soper.
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
419 loans on real estate (average of each, $4,098.43) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
$1,721,850 00
.
4,608 75
----------------------79 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value, $34,200)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

$1,367,000
1,645,000
170,000
200,000
69,500
115,900

00
00
00
00
00
00

1,717,241 25
1,809,500 00
10,000 00
108,557 17
7,010 99

. $7,119,709 41

Liabilities.
Due depositors on 13,132 accounts, averaging $499.40 each
{Accounts opened during year, 1,326; closed, 1,464; decrease, 138)
Surplus: —
a. Guaranty fund {5.12% of deposits; increase during year, $8,300)
b. Profit and loss {increase during year, $39,011.54) ■
Current income: —
a. Interest .
.
.
.
.
.
.
$33,260 05
b. Rent
.
.
.
.
.
.
.
56 35

.

336,000 00
193,400 89

$33,316 40
1,143 22
-----------------

Less current expenses not charged off

Total Liabilities

.

.

$6,558,135 34

.

.

.

32,173 18
$7,119,709 41

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$18,278.84 $13,986.66
$800.00
Cost per $1,000 of assets
2 .5 6
1.96
.11
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $340,572.58.


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

Other Expenses.
Total.
$2,132.84
$35,198.34
.30
4 .93
2 .2 6

43

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 5.09 per cent.): 4J^%, $5,175; 4 % % , $125,000; 5%, $1,296,216.25;
5M %. $10,950; 5J^%, $163,930; %, $115,970.
„„„„„„„
Personal loans (average rate, 5.18 per cen t.): 4)4%. $125,000; 4 ^ % , $140,500; 4)£% , $225,200; £% % ,
$25,000; 4 % % , $178,700; 5%, $403,000; 5 ^ % . $25,000; 5)4% , $126,100; 5% % - $170,000; %,
$226,000; J^%, $130,000; 7%, $35,000.
.
M inn nn
Bonds, stocks, etc. (average rate on amounts invested, 4.15 per cent.): 3%, $50,000; 3)4% . $640,000;
4%, $1,956,000; 4)4%, $497,500; 5%, $245,000;. %, $25,000; 7%, $6,700; 8%, $11,500; 10%,
$32,700; 12%, $10,000.

6

6

6

6

Number of loans not over $3,000 each, 339, amounting to $379,350.
62 real estate loans during year, amounting to $268,975.

Dividends, Deposits and Withdrawals.
$126,784 21
126,849 71
916,268 89

Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 10,312, amounting to

$1,169,902 81
1,181,434 34

Number of withdrawals during year, 11,809, amounting to

$11,531 53

Net decrease in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 California 4s
50.000 Massachusetts 3)4s
50.000 Massachusetts 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., 4)4s
30.000 Lawrence 4s
25.000 Minneapolis, Minn., 4s
15.000 New Bedford 3)4s
171.000 New Bedford 4s
30.000 New London, Ct., 4s
50.000 Newton 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

Public Funds, Notes.
sflohOO Bristol Co. 4s
27,500 Bristol Co. 4)is
Railroad Bonds.
$20,000 Bangor & Aroostook 5s
75.000 Boston & Albany 3)^s
100.000 Boston & Albany 5s
50.000 Boston & Lowell 4J4s
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. 3}4s
100.000 C., B. & Q. 4s
30.000 Chic., M. & St. Paul 5s
100.000 Concord & Montreal 4s
100.000 Fitchburg 3)^s
50.000 Fitchburg 4s
50.000 Fitchburg 4)4s
50.000 Illinois Central 3)4s
40.000 Michigan Central 5s
50.000 N. Y., N. H. & H. 3)4s
100.000 N. Y., N. H. & H. 4s
150.000 Old Colony 4s
50.000 Port. & Ogdens. 4)^s
25.000 Rome, W. & Ogdensburg 5s

$50,000 St. P., Minn. & Man. 4)4s
50.000 Vermont Valley 4)^s
30.000 Wore., Nash. & R. 4s
Street Railway Bonds.
$35,000 Boston Elevated 4)4s
50.000 West End 4s
85.000 West End 4J^s
Bank Stocks.
Shs.
67 Fourth-Atlantic Nl. Bk., Boston
177 Merchants Nl. Bk., Boston
100 Nl. Bk. of Commerce, Boston
100 Nl. Bk. of the Republic, Boston
56 Nl. Rockland Bk., Boston
100 Nl. Union Bk., Boston
100 Peoples Nl. Bk., Boston
100 Second Nl. Bk., Boston
15 First Nl. Bk., Easton
100 Third Nl. Bk., Springfield
100 Bristol Co. Nl. Bk., Taunton
150 Machinists Nl. Bk., Taunton
Taunton Nl. Bk.

260

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
4,955 $402,200 85
From women .
7,340 $151,502 66
Of $50 and less
2,653 75
6
From guardians
110,621 71
Over $50, not over $100 . 1,324
From religious and chari­
98,603 78
625
Over $l66, not over $200 .
52,430 96
157
table corporations
167,396 14
488
Over $200, not over $500 .
235 00
5
From labor unions .
117,561 36
163
Over $
, under $1,000 .
77,399 79
294
,
122 123,273 72 In trust ,
Of $1,000 or more

560

10,062

Totals

$768,959 37

Totals

250 transfers, amounting to $147,309.52, not included in above table.
D ates

op

E xamination , April 28, 29.


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

5,417

$534,920 35

44

REPORT OF THE

[Pub. Doc,

BROADWAY SAVINGS BANK, LAWRENCE.
522 ESSEX STREET.
Incorporated March 9, 1872.

Number of corporators, 32; number of trustees, 17.

W illiam F. R utteb, President.
C linton O. A ndkews, Treasurer.
E dmund B. Choate, Clerk of the Corporation.
Board of Trustees: C. O. A ndbews, W . D . C ubbieb , S. M . D eckeb , W . H. G ile , W . D . Habtshobne,
W . E . H eald, A. S. Lang , L. E . L ocke , F. L. P obteb, W . E . R owell, G. F. R ussell, W . F.
R utteb , G. L. Selden , H . L. Sheeman , J. H . Stone , W . D . T wiss , H abby W ylde .
Board of Investment: W . F. R utteb , W . E . H eald, A. S. L ang , L. E . L ocke , W . E. R owell.
Auditing Committee: W . D . Tw iss, W . D . C ubbieb , F. L. P obteb.
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 .

STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
713 loans on real estate {average o f each, $4,024-49) .
.
.
.
.
.
95 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $50,000; assessed value, $46,000)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.

$243,012 50
447,670 00
120,112 50
80,987 50
77,500 00
2,869[465 00
969,375 00
30[000 00
82,653 30
6^055 16

Total A s s e t s .......................................... $4,926,830 96

Liabilities.
Due depositors on 9,562 accounts, averaging $468.39 each
.
.
.
.
.
(Accounts opened during year, 1,902; closed, 1,624; increase, 278)
Surplus: —
a. Guaranty fund (4.98% of deposits; increase during year, $5,000)
.
.
.
b. Profit and loss {increase during year, $44,582.19) .
.
.
.
.
.
Current income: —
I n t e r e s t ...............................................................................................
$2,459 70
Less current expenses not charged off
.
.
.
.
.
834 32
----------------------Total Liabilities

.

.

.

.

.

$4,478,740 31
223,000 00
223,465 27

1,625 38
$4,926,830 96

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$6,143.02 $9,279.46 $1,800.00
$50.50
$4,222.57
$21,495.55
Cost per $1,000 of assets
1.25
1.88
.36
.01
.86
4.36
Cost per $1,000 of assets not including State tax and rent .
2.75
Gross income received during the year, $233,224.13.


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

45

BANK COM M ISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 4.98 per cent.): 4)^% , $238,600; 5%, $2,o52,290; 5Jdi%» $33,325; 6 % ,
$45,250.
Personal loans (average rate, 5.29 per cent.): 4(^2%, $225,000; 4%%, $25,000; 4 % % , $41,000; 5%,
$324,325; 5 ^ % , $77,800; 5% % , $50,000; 6%, $76,250; 6 ^ % . 875,000; 6M % , $25,000; 7%,
$25,000; 7.30%, $25,000.
.
Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3%, $50,000; 3)4% , $140,000;
4%, $607,000; 4 ^ % , $111,000; 6%, $20,000; 7%, $2,500; 8%, $55,000.
Number of loans not over $3,000 each, 477, amounting to $804,365.
35 real estate loans made during year, amounting to $126,000.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 13,763, amounting to

$82,976 78
84,748 29
932,642 03

Number of withdrawals during year, 8,716, amounting to

$1,100,367 10
897,560 32
$202,806 78

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3J4s
50.000 Boston 4s
70.000 Chicago, 111., 4s
20.000 Ft. Wayne, Ind., 3J4s
25.000 Grand Rapids, Mich., 4)4s
18.000 Lawrence 4s
10.000 Lynn 4s
20.000 E. Providence, R. I., 4s
5,000 Methuen 4s
Railroad Bonds.
$20,000 Atch., Top. & Santa Fe, 4s
25.000 Boston & Maine 3s
20.000 Boston & Maine 4s

Par Value.
$26,000 Boston & Maine 4J^s
50.000 Boston & Providence 4s
50.000 Concord & Montreal 4s
20.000 C., B. & Q. 4s
25.000 Fitchburg 4s
25.000 Illinois Central 3s
50.000 Illinois Central 3)4s
15.000 Joliet & No. Ind. 4s
10.000 Louisville & Nashville 6s
25.000 N. Y „ N. H. & H. 3^s
50.000 N. Y., N. H. & H. 4s
25.000 Old Colony 4s
6,000 St. Paul, Minn. & Man. 4s
20.000 Washington Co. 3)4s

Street Railway Bonds.
$18,000 Boston Elevated 4s
50.000 Boston Elevated
35.000 Boston & Northern 4s
10.000 West End 4s
10.000 Wore. & Southbridge i}4s
Bank Stocks.
Shs.
100 Nl. Bk. of Commerce, Boston
400 Nl. Snawmut Bk., Boston
25 Webster & Atlas Nl. Bk., Boston
100 Bay State Nl. Bk., Lawrence
100 Merchants Tr. Co., Lawrence
50 Naumkeag Trust Co., Salem

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Over $1,000 or more
Totals

No.
10,605
1,647
626
388
134
130

Amount.
$205,859 74
132,645 63
96,133 17
134,524 19
92,281 94
140,932 23

13,530

$802,376 90

From women .
From guardians
From religious and charitable corporations
From labor unions .
In trust .
.
.
.
Totals

233 transfers, amounting to $130,265.13, not included in above table.
D ates

of

E xam ination , February 9-11 inclusive.


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

No.
4,374
8

Amount.
$271,381 20
3,686 44

149
3
619

18,810 27
120 00
70,225 48

5,155

$364,223 39

[Pub. Doc.

REPORT OF THE

46

BROCKTON SAVINGS BANK, BROCKTON.
5

9 NORTH M AIN STREET.

Incorporated M arch 3, 1881.

Number of corporators, 64; number of trustees, 17.

B radford E. J ones , President.
C harles C. C rooker , Treasurer.
M erton S. G urney , Clerk of the Corporation.
Board of Trustees: A. F. B a r k e r , W . F. C leaveland , C. C. C rooker , W . H. E merson , M . 8. G ur ­
n e y , F. B. H ow ard , S. P. H ow ard , B. E. J ones , P. B. K e ith , C. W . K ingman , F. H. P ackard ,
L. W . P u ffer , D . G. Sw a in , A ndrew Sw anson , E . M . T hompson , J. G. W ild e , H. E . W illiams .
Board of Investment: B. E . J ones , E . M . T hompson , W . H. E merson , F. H. P ackard , H. E . W illiams .
Auditing Committee: F. B. H oward , E . M . T hompson , M . S. G u rney .
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.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
801 loans on real estate (average of each, $4,418-30) .
Less amount due on uncompleted loans .

.

.

.

00
80
50
00
00
00

3,534,250
926,197
79,000
83
129,755
19,054

00
50
00
46
42
52

$3,553,Ì50 00
18,900 00

48 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $101,000; assessed value, $88,200)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

$523,000
1,063,817
203,307
100,000
99,585
50,000

.

.

.

$6,728,051 20

Liabilities.
.

Due depositors on 18,432 accounts, averaging $345.92 each
{Accounts opened during year, 2,875; closed, 2,725; increase, 150)
Surplus: —
a. Guaranty fund (4-.4-1% of deposits; increase during year, $30,000)
b. Profit and loss (increase during year, $11,805.64) .
Current income: —
a. Interest .
.
.
.
.
.
.
$6,836 86
b. Rent
.
.
.
.
.
.
.
125 00

$6,375,924 94
281,000 00
64,797 75

$6,961 86
840 02

Less current expenses not charged off

6,121 84
206 67

Balance due on foreclosure sale
Total Liabilities

.

.

.

.

.

$6,728,051 20

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$11,415.14 $11,689.02 $1,200.00
$529.05
$1,749.68 $26,582.89
Cost per $1,000 of assets
1.70
1.74
.18
.08
.26
3 .96
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .08
Gross income received during the year, $311,442.12.


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

47

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.89 per cent.): 4Li% . $1,220,500; 4 % % , $59,500; 5%, $1,966,700;
5Li%, $121,375; 6%, $166,175.
„
Personal loans (average rate, 5 per cent.): 4 M%> $50,000; 4Li% , $428,000; 4jL£%, $150,000; 5%,
$80,100; 5Yt%, $4,000; 6%, $113,197.50; 6M % , $25,000; 6Li%, $25,000; 7%, $50,900.
Bonds, stocks, etc. (average rate on amounts invested, 4.03 per cent.): 3Li% . $608,000; 4% , $967,000;
4 V2% , $381,000; 5%, $65,000; 6%, $42,500; 8%, $7,500.
Number of loans not over $3,000 each, 574, amounting to $978,285.
127 real estate loans made during year, amounting to $545,200.

Dividends, Deposits and Withdrawals.
$117,612 66
119,938 57
1,456,220 33

Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 26,173, amounting to

Number of withdrawals during year, 22,013, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.
.

$1,693,771 56
1,428,790 32

.
.

.

.

$264,981 24

SCHEDULE OF SECURITIES OWNED.
Par Value.
$25,000 Boston & Maine 3Lis
20.000 Boston <fe Maine 4s
80.000 Boston <fe Maine 4Lis
100.000 C., B. & Q. 3Lis
20.000 Chicago «fe Northwestern 4s
10.000 Cleveland «fe Pitts. 4bis
25.000 Concord <&Montreal 4s
20.000 Conn. <fe Pass. Rivers 4s
80.000 Fitchburg 4s
50.000 Fitchburg 4Lis
75.000 Illinois Central 3bis
5,000 Illinois Central 4s
25.000 Michigan Central 3Lis
25.000 Michigan Central 5s
75.000 N. Y., N. H. «fe H. 3Lis
40.000 N. Y., N. H. & H. 4s
35.000 Old Colony 4s
25.000 Penobscot Shore Line 4s
25.000 Peoria & No. West. 3bis
30.000 Port. <&Ogdens. 4bis
100.000 Portland Terminai Co. 4s

Public Funds, Bonds.
Par Value.
$16,000 Aroostook Co., Me., 4bis
70.000 Boston 4s
81.000 Brockton 3bis
44.000 Brockton 4s
50.000 Fall River 4s
30.000 Holyoke 4s
35.000 Indianapolis, Ind., 4s
60.000 Los Angeles, Cal., 4Lis
50.000 New Bedford 4s
20.000 Quincy 4Lis
17.000 Stamford, Conn., 3Lis
20.000 Ashland 4s
30.000 Braintree 4s
Railroad Bonds.
$25,000 Boston & Albany 3Lis
75,000 Boston & Albany 4s
5,000 Boston & Lowell 4s

$35,000 Princeton <fe N. W. 3Lis
25.000 Vermont Valley 4Lis
25.000 Washington Co. 3bis
3,000 Wore., Nash. <fe R. 4s
Street Railway Bonds.
$25,000 Boston Elevated 4Lis
10.000 Marlboro «fe Westboro 5s
10.000 Taunton <fe Brockton 5s
85.000 West End 4s
30.000 Worcester Consol. 4Lis
20.000 Worcester Consol. 5s
25.000 Wore, «fe Southbridge 4Lis
Bank Stocks.
Shs.
75 Nl. Shawmut Bk., Boston
300 Brockton Nl. Bank
125 Home Nl. Bk., Brockton

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
No.
Amount.
$506,097 59
9,534
20,573 $376^699 02 From women .
O f $50 and less
4,020 81
15
248,573 29 From guardians
3,083
Over $50, not over $100
1,169
179,008 42 From religious and chariOver $100, not over $200
18,392 50
271
table corporations
276,803 09
793
Over $200, not over $500
2,430 18
38
267
189,917 31 From labor unions .
Over $500, under $1,000
2,556
112,067 95
.
.
.
152,000 00 In trust .
151
Of $1,000 or more
26,036 $1,423,0Q1 13

Totals

Totals

137 transfers, amounting to $33,219.20, not included in above table.
D ates

op

E xamination


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

and

A udit , February 16-25 inclusive.

12,414

$643,009 03

48

REPORT OE THE

[Pub. Doc.

BROOKLINE SAVINGS BANK, BROOKLINE.
366 W ASHINGTON STREET.
Incorporated February 24, 1871.

Number of corporators, 33; number of trustees, 16.

C harles H. Stearns , President.
W illiam E. L incoln , Treasurer.
C. W illiam M erz , Clerk of the Corporation.
Board of Trustees: E. W . B a k e r , J. A. C oitsens, J ames D riscoll , E. M . F arnsw orth , G . H. F rancis ,
C. W . H oltzer , F. E. James , A. E. K en rick , M artin K ingman , H. W . L am b , A. H. L atham ,
C. H. Stearns , J. P. Stearns , W . H. W h ite , C. B. W iggin , F. H. W illiams .
Board of Investment: A. E. K en rick , E . M . F arnsw orth , C. H. Stearns , W . H. W h ite , J. A .
C ousens.
Auditing Committee: J. P. Stearns , M artin K ingman , E. W . B ak e r .
Deposits draw interest from second M onday of January, April, July and October; dividends are pay­
able the third Wednesday of January and July. Business hours: 9 a .m . to 1 p .m .; also M ondays
and Wednesdays, 3 to 5 p .m .; Saturdays, except in August, 6 to 8 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
352 loans on real estate (average of each, $6,984-29) .
.
.
.
.
81 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $30,000; assessed value, $21,800)
Real estate b y foreclosure, etc. (assessed value, $114,150) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.
.
.
.
.

.

.
.

.

.
.
.

.

.

.
.
.

$426,573 00
1,270,196 10
359,671 00
126,616 26
50,000 00
2,440,870 00
1,881,503 00
25,700 00
100,035 71
3,540 34
102,939 39
6,789 06
$6,794,433 86

Liabilities.
Due depositors on 17,831 accounts, averaging $362.63 each
.
{Accounts opened during year, 1,979; closed, 1,687; increase, 292)
Surplus: —
a. Guaranty fund (8.25% o f deposits; increase during year, $15,841)
b. Profit and loss (increase during year, $12,208.15) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

Total Liabilities

.

.

$6,466,063 97

.

.

$58,057 39
4,661 41

.

.

.

210,213 00
64,760 91

53,395 98
$6,794,433 86

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Salaries.
Amount paid for
$17,232.48 $10,328.41
Cost per $1,000 of assets
2 .5 4
1.52
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $307,139.74.


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

Advertising. Other Expenses.
Total.
$64.46
$2,254.71
$29,880.06
.01
.33
4 .40
1.86

No. 8.]

BAN K COMMISSIONER.

49

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 4.89 per cent.): 4%, $24,000; 4J^%, $510,675; 4 % % . $32,000; 5%,
$1,833,245 ; 5)^% , $32,900; 6%, $8,050.
Personal loans (average rate, 4.91 per cent.): 4)4% , $510,000; 4)4%, 8200,000; 4 )4 % , $482,500; 4M % ,
$40,000; 5%, $30,000; 5M % , $25,000; 5V2%, $205,800; 5M %. $12,500; 6%, $115,500; 6)^% ,
$225,000; 7%, $35,200.
Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3%, $25,000; 3)40%, $5,000;
3.35%, $75,000; 3yi0%, $10,000; 3)4% , $368,000; 4%, $856,000; 4)4% . $275,000; 5%, $380,000;
6%, $222,200; 7%, $1,000.
Number of loans not over $3,000 each, 127, amounting to $234,903.
26 real estate loans made during year, amounting to $152,200.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 20,307, amounting to

$118,553 56
121,289 12
1,066,347 68
$1,306,190 36
1,020,852 12

Number of withdrawals during year, 12,697, amounting to
Net increase in amount due depositors

$285,338 24

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
^ 5 JI00 New York 4)4s
89.000 Boston 4s
25.000 Brockton 3)4s
10.000 Brockton 4s
30.000 Cambridge 4s
20.000 Fall River 4s
4.000 Gloucester 4s
2.000 Malden 4s
25.000 Portland, Ore., 4)4s
34.000 Quincy 4s
5.000 Brookline 3.10%
10.000 Brookline 3.40%
2.000 Brookline 3)4s
10.000 Concord 4s
32.000 Hyde Park 4s
23.000 Wareham 4s

Public Funds, Notes.

$25,000 Illinois Central 3s
101.000 Illinois Central 3J4s
25.000 N. Y. C. & H. R. 3)4s
60.000 N. Y., N. H. & H. 3)4s
210.000 N. Y „ N .H . & H .4s
100.000 No. Maine Seaport 5s
1,000 Trey & Boston 7s

P$75J>00 Somerville 3.35%
Railroad Bonds.
$25,000 Boston & Albany 4s
25.000 Boston & Albany 4)4s
25.000 Boston & Albany 5s
45.000 Boston & Maine 4s
55.000 Boston & Maine 4)4s
72,200 Burl. & Mo. Riv. 6s
100.000 C., B. & Q. 3J4s
50.000 C., B. & Q. 4s
25.000 Chic. & North. 5s
150.000 Chic. & North. 6s
55.000 Fitchburg 3)4s
85.000 Fitchburg 4s
25.000 Fitchburg 4)4s

Street Railway Bonds.
$100,000 Boston Elevated 4)4s
50.000 Boston Elevated 5s
13.000 Glouces., Essex & Bev. 5s
42.000 Lowell, Law. & Hav. 5s
60.000 Lynn & Boston 5s
15.000 South Shore & Boston 5s
46.000 West End 4s
20.000 Worcester Consol. 4Ks

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.
.
.

No.
15,894
2,562
912
539
126
125

Amount.
$296,276 07
195,423 61
131,741 74
182,884 22
90,758 07
126,022 40

No.
From women .
10,669
From guardians
37
From religious and charitable corporations
33
In trust .
.
.
.
4,598
Totals

Totals
149

.

.

. 20,158 $1,023,106 11

transfers, amounting to $43,241.57, not included in above table.
D ates

of

E xam ination , February 24-26 inclusive.


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

15,337

Amount.
$609,290 27
2,695 55
3,447 65
97,700 32
$713,133 79

50

REPO RT OF THE

[Pub. Doc.

CAMBRIDGE SAVINGS BANK, CAMBRIDGE.
15 DUNSTER STREET.
Incorporated April 2, 1834.

Number of corporators, 46; number of trustees, 21.

J ohn H . H ubbard , Clerk of the Corporation.
Board of Trustees: O. F. A llen , J ohn A mee , J. H . B e a ie , E noch B e a n e , A. H. B oardman , L. N .
B rock , E. R . C ogswell , F. W . D allinger , J. C. D ow , E dw in D re sser , S. W . D riv e r , T homas
H a d le y , L. M . H ar rim an , J. H. H ubbard , H. E. M ason , W . B. M 'C oy , J. F. P en nell , W . B .
R eid , H untington Sav ille , P. F. S oule , F rederick W orcester .
Board o f Investment: E . R . C ogswell , E noch B e a n e , J. F. P e n n ell , H . E . M ason , L. N. B rock .
Auditing Committee: E . R . C ogswell , J. H . H ubbard , S. W . D r iv e r , F rederick W orcester ,
W . B . R eid , J ohn A m ee , T homas H a d le y .
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.; Thursdays from 8 a .m . to 4 p .m .

STATEMENT OP CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
American l e i . & Tel. Co. bonds .
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
1,159 loans on real estate {average of each, $4,348.02) .
.
.
.
.
.
75 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $95,000; assessed value, $95,000)
Real estate by foreclosure, etc. (assessed value, $45,628) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.

.
.

.

.
.

.

.

$405,468
721,572
387,100
50,000
31,500
34,500
5,033,556
1,351,665
50,000
24,683
230
83,035
6,025

00
50
00
00
00
00
00
00
00
88
45
49
29

Total A s s e t s ...........................................$8,179,336 61

Liabilities.
Due depositors on 18,121 accounts, averaging $403.38 each
.
.
.
.
.
( Accounts opened during year, 2,030; closed, 1,396; increase, 334)
Surplus: —
a. Guaranty fund {5.03% of deposits; increase during year, $18,500)
.
.
.
b. Profit and loss {increase during year, $31,978.63) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
$85,931 25
b. R e n t ...............................................................................................
3,022 16
----------------------Discount
.........................................................................................................................................
Total Liabilities

.

.

.

.

.

$7,309,677 92
367,700 00
362,149 81

88,953 41
50.855 47
$8,179,336 61

Total Expenses for the Year, including State Taxes.
, State Tax (Net).
Salaries.
Rent.
Amount paid for
$8,123.90
$15,656.34
Cost per $1,000 of assets
.99
1.91
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $392,676.22.


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

Advertising. Other Expenses.
Total.
$490.62
$2,184.40 $26,455.26
.06
.27
3.23
.
.
.
.
.
2 .2 4

No. S.]

BANK COMMISSIONER.

51

Rates on Investment and Loans (Average on All, 5%).
Real estate loans (average rate, 5 per cent.-): 4%, $95,000; 4 M % , $150,000; 4 M % , $30,300; 4M % ,
$18,000; 5%, $4,339,869; 5M % , $387,702; 6%, $12,685.
°
’
’
/4 /o ’
Personal loans (average rate, 5.66 per cent.): 4)4% , $100,000; 4% % , $25,000; 4)4% , $130,000; 5%,
f 162,000; 5M % , $25,000; 5)4% , $413,325; 5M % . $3,000; 6%, $123,340; 6M % , $15,000; 6)4% ,
$125,000; 7%, $170,000; 7)4% , $35,000; 8%, $25,000.
/0 «-io,uuu, o / 2 /o ,
Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cent.): 3)4% , $347,000; 4%, $769 500r r%n/of
5%- $368,000; 6%, $5,000; 7%, $6,000; 8%, $10,500; 10%,’

4

SS172-00°:

jpo,uuu; l ¿ / o i «ipiOjUUU.

Number of loans not over $3,000 each, 656, amounting to $1,096,839.
116 real estate loans made during year, amounting to $521,710.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
,
July, 1914, 2%
Number of deposits during year, 20,868, amounting to

$134,894 79
138,674 93
1,252,446 07
$1,526,015 79
1,241,146 86

Number of withdrawals during year, 17,073, amounting to
N et increase in amount due depositors

$284,868 93

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$60,000 Massachusetts 3)4s
30.000 Boston 4s
2.000 Bridgeport, Ct., 3)4s
25.000 Bristol, Conn., 4Mb
41.000 Dayton, 0., 5s
11.000 Fitchburg 4s
5.000 Hamilton, 0., 5s
50.000 Holyoke 4s
5.000 Los Angeles, Cal., 4)4s
2.000 New Bedford 3)4s
26.000 New Bedford 4s
20.000 San Francisco, Cal., 5s
20.000 Seattle, Wash., 4Ms
24.000 Attleborough 4s
1.000 Marblehead 4s
10.000 Revere 4Ms
3.000 Wakefield 3)4s
Public Funds, Notes.
$6,000 Reading 4)4s
45,500 Wakefield 4s
19,000 Wakefield 4)4s

Railroad Bonds.
Par Value.
$62,000 Boston & Albany 5s
5.000 Boston & Maine 3)4s
137,000 Boston & Maine 4s
15.000 Boston & Maine 4)4s
6.000 Boston & Providence 4s
21.000 Boston, Rev. Beach & L. 4)4s
5.000 Burlington & Missouri Riv. 6s
47.000 C., B. & Q. 3)4s
19.000 C„ B. & Q. 4s
26.000 Chicago & Northwestern 4s
25.000 Conn. & Pass. Rivers 4s
3.000 Conn. River 3Ms
7.000 Fitchburg 5s
62.000 Illinois Central 4s
38.000 Mil., L. S. & West. 5s
125,000 N. Y., N. H. & H. 3Ms
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 4Ms
15.000 St. J. & L. C. 5s
50.000 Washington Co. 3Ms

Street Railway Bonds.
Par Value.
$105,000 Boston Elevated 4s
35.000 Boston Elevated 4Ms
25.000 Boston & Northern 4s
5,000 Braintree & Weymouth 5s
50.000 Lynn & Boston 5s
57.000 Springfield 4s
100,000 West End 5s
22.000 Worcester Cons. 4Ms

Bank Stocks.
Shs.
30 Nl. Rockland Bk., Boston
100 Nl. Shawmut Bank, Boston’
5 NL Union Bk., Boston
150 Charles Riv. Tr. Co., Cambridge
60 First Nl. Bk., New Bedford

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
16,431
2,276
945
639
214
211

Amount.
$273,561 39
177,532 49
141,270 46
229,465 41
152,784 73
211,203 26

20,716 $1,185,817 74

No.
From women .
11,800
From guardians
53
From religious and chari­
table corporations
279
In trust .
.
.
.
981
Totals

152 transfers, amounting to $66,628.33, not included in above table.

D ates

op

E xam ination , February 18-21 inclusive.


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

13,113

Amount.
$632,926 02
9,720 54
25,731 79
50,013 41
$718,391 76

[Pub. Doc.

REPORT OF THE

52

CAMBRIDGEPORT SAVINGS BANK, CAMBRIDGE.
689 M ASSACHUSETTS AVENUE.
Incorporated February 22, 1853.

Number of corporators, 50; number of trustees, 16.

F eederick W . T ilton , President.
J osiah F. L a n e , Clerk of the Corporation.

J ohn R . G iles , Treasurer.

Board of Trustees: A. M . B ar n es , H erman B ir d , E . J. B randon , J. H. C orcoran , W . W . D a l linger , J. A . D ow , W . H . D unning , H. H. D y e r , W ellington F illmore , C harles Jam es ,
B . D . L ea vitt , W . F. R oaf , G. A . Sa w y e r , J. L. Stone , F. W . T ilton , H . H. W inslow .
Board o f Investment: F. W . T ilton , W . W . D allin ger , J. H. C orcoran , C harles James , W ellington
F illmore .
Auditing Committee: C harles J ames , J. A . D ow , W . F. R oaf .
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: 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
691 loans on real estate (average of each, $5,640.27)
.
.
.
.
.
13 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $200,000; assessed value, .$248,300)
Real estate b y foreclosure, etc. (assessed value, $70,000) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
Total Assets

.

.

.

$949,447
691,329
311,600
210,280
100,408
15,000
3,897,430
209,950
255,500
81,527
5,689
1,365
7,018

.

.

.

50
85
75
00
75
00
65
00
00
47
10
46
66

$6,736,548 19

Liabilities.
$6,263,340 15

Due depositors on 20,552 accounts, averaging $304.76 each
(Accounts opened during year, 2,484; closed, 2,317; increase, 167)
Surplus: —a. Guaranty fund (5.03% of deposits; increase during year, $10,060)
b. Profit and loss (increase during year, $30,148.40) .
Current incom e: —
Interest
Less current expenses not charged off
.
.
.
.

Total Liabilities

.

.

315,260 00
83,990 31
$79,526 02
5,568 29

.

.

.

73,957 73
$6,736,548 19

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$7,473.30 $11,767.64 $3,200.00
$564.70
$2,552.14
$25,557.78
Cost per $1,000 of assets
1.11
1.75
.47
.08
.38
3.79
Cost per $1,000 of assets not including State tax and rent
.
.
.
.
.
•
¿.¿V
Gross income received during the year, $294,781.14.


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

No.

BANK COMMISSIONER.

53

Rates on Investments and Loans (Average on All, 4.52%).
Real estate loans (average rate, 4.88 per cent.): 4%, $126,500; 4J^%, $631,199; 4 % % , $113,700; 5%,
$3,020,931.65; 5 lA % , $1,500; 6%, $3,600.
Personal loans (average rate, 4.99 per cent.): 4 A % , $55,000;
$25,000; 4M % , $55,000; 5%,
$39,950; 5y8%, $10,000; 6%, $10,000; 7 ^ % , $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.85 per cent.): 3%, $4,000; 3M % , $100,000;
3Ji% , $1,157,000; 4%, $824,000; 4M % . $25,000; 4A % , $101,000; 5%, $46,000; 5*4%, $10,000.
7%, $25,000; 8%, $10,000.
Number of loans not over $3,000 each, 407, amounting to $707,862.14.
87 real estate loans made during year, amounting to $357,550.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 27,178, amounting to

$115,910 18
118,468 76
1,164,835 46

Number of withdrawals during year, 21,400, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

$1,399,214 40
1,226,204 25

.
.

.

$173,010 15

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$30,000 Massachusetts 3A.S
190.000 Boston 3As
80.000 Boston 4s
78.000 Cambridge 3A&
20.000 Fall River 3As
21.000 Fitchburg 4s
25.000 Flint, Mich., 4h£s
96.000 Fort Wayne, Ind., 3J^s
25.000 Hartford, Ct., 3J£s
3.000 Haverhill 4s
2.000 Lansing, Mich., 4As
10.000 Lawrence 4s
30.000 Malden 4s
40.000 Melrose 3A&
6.000 Newton 4s
100.000 Pittsburgh, Pa., 3J4s
4,COO Providence, R. I., 3s
4.000 Saginaw, Mich., 4s
3.000 Salem 4s
5.000 Sioux City, Iowa, 4Hs
20.000 Somerville 4s
70.000 Springfield
25.000 Woonsocket, R. I., 4s
8.000 Hull 4s
20.000 Maynard 4s
10.000 Revere 3J^s
10.000 Westerly, R. I., 3J^s

Public Funds, Notes.
P$ioj>00 Newton 5^s
Railroad Bonds.
$25,000 Atch., Top. & S. Fe 4s
17.000 Bangor & Aroostook 5s
25.000 Baltimore & Ohio 3As
3.000 Boston & Albany 3As
60.000 Boston & Albany 4s
3.000 Boston & Lowell 3As
10.000 Boston & Lowell 4s
20.000 Boston & Lowell 4As
25.000 Boston & Maine 3A s
25.000 Boston & Maine 4s
80.000 C., B. & Q. 3V2s
10.000 C., B. & Q. 4s
15,0C0 Ch., Rock Is. & Pac. 4s
24.000 Concord & Montreal 4s
55.000 Connecticut River 3A&
7.000 Fitchburg
22.000 Fitchburg 4s
5.000 Fitchburg 4As
50.000 Iowa, Minn. & Northw. 3J^s
100,000 Illinois Central 3As
40.000 Mani. Gr. Bav & N. 3As
30.000 N. Y., N. H. & H. 4s
25.000 Penobscot Shore Line 4s

$10,000 Portland & Ogdensburg 4As
6,000 St. Paul, Minn. & Man. 4s
25,000 Troy & Boston 7s

Street Railway Bonds.
$20,000 Boston Elevated 4s
45.000 Boston Elevated 4As
50.000 Boston & Northern 4s
1.000 East Middlesex 5s
11.000 Marl. & Westborough 5s
50.000 Old Cclony 4s
25.000 Springfield 4s
1.000 Taunton & Brockton 5s
87.000 West End 4s
9.000 Worcester Consol. 5s
3.000 Worcester & Holden 5s
4.000 Worcester & Marl. 5s
14.000 Wore. & Southbridge 4A&

3^28

Bank Stocks.
Shs.
100 Harvard Tr. Co., Cambridge

Classification of Deposits received during the Year ending October 31, 1914.
No.
. 22,021
Of $50 and less
Over $50, not over $100 . 2,415
899
Over $100, not over $200
547
•Over $200, not over $500
Over $500, under $1,000
183
Of $1,000 or more
135

Amount.
$360,394 77
189,010 02
136,920 74
194,348 21
130,815 46
135,000 00

No.
From women .
13,595
From guardians
13
From religious and chari­
table corporations
117
In trust .
.
.
.
1,609
Totals

Totals

. 26,200 $1,146,489 20

978 transfers, amounting to $18,346.26, not included in above table.
D ates

of

E xam ination , March 23-26 inclusive.


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

15,334

Amount.
$603,624 09
3,318 97
9,717 97
39,057 10
$655,718 13

54

REPORT OE THE

[Pub. Doc.

CANTON INSTITUTION FOR SAVINGS, CANTON.
576-580 W ASHINGTON STREET.
Incorporated March 4, 1835.

Number of corporators, 28; number of trustees, 14.

F rancis D . D u nbar , President.
W alter A mes , Treasurer.
N athaniel W . D u n b ar , Clerk of the Corporation.
Board of Trustees: H . F. B usw ell , G. H. C ape n , T . B . D ra pe r , F. D . D unbar , N . W . D u nbar ,
H. L. F enno , A. E. F rench , C. H. F rench , I. C. H orton , J. P. L ynch , E . H. R . R e v ere ,
J. B. R obinson , F. W . S umner , G ilbe rt T olman .
Board of Investment: F. D . D un b ar , E. H. R . R e v ere , H. F. B usw ell , H. L. F enno , G ilbert T olman .
Auditing Committee: F. D . D unbar , A. E . F rench , T . B. D r a p e r . F. W . Su m n er , 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., V to 8.30., for deposits only.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
170 loans on real estate (average of each, $2,560.29)
Less amount due on uncompleted loans .

$436,250 00
1,000 00

20 loans on personal security
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $23,600)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$60,987
230,087
43,825
14,230
11,300

50
50
00
00
00

435,250
170,200
19,697
466
15,170
1,436

00
00
50
31
48
71

$1,002,651 00

Liabilities.
Due depositors on 3,046 accounts, averaging $302.17 each
(Accounts opened during year, 329; closed, 277; increase, 52)
Surplus: —
a. Guaranty fund (4.98% of deposits; increase during year, $1,189)
b. Profit and loss (increase during year, $2,189.16)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

$920,406 82
45,860 00
31,727 74
$4,965 75
309 31
4,656 44

Total Liabilities

.

.

.

.

.

$1,002,651 00

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$2,249.90 $2,119.96
$550.00
$150.60
$1,072.80
Cost per $1,000 of assets
2 .2 4
2 .11
.55
.15
1.07
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $46,458.01.


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

Total.
$6,143.26
6.12
3.33

BANK COMMISSIONER,

No. 8.]

55

Rates on Investments and Loans (Average on All, 4.87%).

Real estate loans (average rate, 5.20 per cent.): 4)4%, $30,000; 5%, $268,925; 5)4%, $3,500; 5)4%,
$59,800; 6%, $73,025.

Peisonal loans (average rate, 5.35 per cent.): 4J^%, $26,500; 4M % , $39,000; 5%, $13,500; 5)4%,
$8,000; 5J^%, $30,000; 5%%, $30,000; 6%, $200; 6J^%, $10,000; 7%, $9,000; 7)4%, $4,000.
Bends, slocks, etc. (average rate on amounts invested, 4.23 per cent.): 3)4%o, $31,000; 4%, $268,000;
4)4% , $35,000; 5%, $20,000; 6%, $7,500; 8%, $800; 12%, $3,000.
Number of loans not over $3,000 each, 124, amounting to $174,700.
17 real estate loans made during year, amounting to $48,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
.
.
.
.
.
Oct., 1 9 1 4 , 2 % ..........................................
Number of deposits during year, 2,613, amounting to
.
.
.
.
*.
.

Number of withdrawals during year, 2,058, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$17,457 28
17,547 50
134,507 85

.

$169,512 63
154,500 81

.

$15,011 82

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
5.000 Milwaukee, Wis., 4)4s
5.000 Omaha, Neb., 4)4s
5.000 Natick 4s
26.000 Canton 4s
10.000 Orange 4s
Railroad Bonds.
$5,000 Baltimore & Ohio 3)4a
5,000 Boston & Albany 4s
20,000 Boston & Lowell 4s

Par Value.
$30,000 Boston & Maine 4s
20.000 Boston & Providence 4s
10.000 0., B. & Q. 3)48
5.000 C., B. & Q. 4s
10.000 Concord & Montreal 4s
10.000 Delaware & Hudson 4s
21.000 Fitchburg 4s
5.000 Fitchburg 414s
16.000 Illinois Central 3)4s
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

Street Railway Bonds.
Par Value.
$15,000 Boston Elevated 4)4s
15.000 Boston & Northern 4s
5,000 West End 4)4s
10.000 Worcester Consolidated 5s
Bank Stocks.
Shs.
30 First National Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
50 Neponset Nl. Bk., Canton
25 Dedham Nl. Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 2,104
.
284
105
76
25
13

Amount.
$36,609 89
22,391 OS
16,533 18
27,698 15
17,197 53
13,000 00

. 2,607

$133,489 83

No.
From women
1,247
From guardians •
1
From religious and charitable corporations .
18
In trust .
.
.
.
148
Totals

Totals
6

transfers, amounting to $1,018.02, not included in above table.

D ate

of

E xam in ation , January 7.


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

1,414

Amount.
$71,680 08
64 18
948 64
4,124 47
$76,817 37

56

REPORT OF THE

[Pub. Doc.

CAPE ANN SAVINGS BANK, GLOUCESTER.
109 MAIN STREET.
Incorporated April 15, 1846.

Number of corporators, 51; number of trustees, 11.

C onrad R. H anson , Clerk of the Corporation.
Board of Trustees: D. T. B abson, E. W . B abson , F. A. B aekee , S. P. F. C ook , E. S. G riffin , F. C.
Pearce, G. H. Perkins , J. J. Pe w , E. L. Phillips, L. S. Simonds, F. S. T hompson.
Board of Investment: F. A . B aekee , J. J. Pe w , S. P. F. C ook, E. L. Phillips.
Auditing Committee: L. S. Simonds, E. L. Phillips, E. W . Babson .
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 1 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. C o. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement cf indebtedness
.
732 loans on real estate {average of each, $2,146.44) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$1,572,249 67
.
.
.
1,058 51
----------------------121 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $60,000; assessed value, $50,000)
.
.
Real estate b y foreclosure, etc. (assessed value, $75,050) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.

$234,650
262,087
113,000
45,312
49,543
23,000

00
50
00
50
66
00

1,571,191
819,412
25,000
42,522
267
56,846
13,749

16
53
00
90
40
40
92

Total A s s e t s .......................................... $3,256,583 97
Liabilities.
Due depositors on 9,408 accounts, averaging $314.30 each
.
(Accounts opened during year, 929; closed, 958; decrease, 29)
Surplus: —
a. Guaranty fund (5.07% of deposits)
.
.
.
.
b. Profit and loss (increase during year, $32,844-88) .
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount
.
.
Due on foreclosure sales
.
Real estate suspense account

.
.

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

Total Liabilities

.
.

.

.

$2,956,985 75

.

.
.

.
.

150,000 00
120,164 77

.
.
.

$17,517 96
1,198 05
----------------------.
.
.
.
.
.
.
.
.
.

.
.
.
.

.

.

.

.

.

16,319
3,703
513
8,896

91
71
65
18

$3,256,583 97

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$5,207.58 $8,825.00
Cost per $1,000 of assets
1.60
2.71
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $161,781.57.


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

Advertising. Other Expenses.
Total.
$292.79
$2,457/40 $16,782.77
.09
.75
5.15
.
.
.
.
.
3.55

57

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 5.15%).
Real estate loans (average rate, 5.32 per cent.): 4%, $45,300; 4M % . $103,000; 4 % % . $40,000; 5%,
$699,256.19; 5M %, $38,805.40; 6%, $635,629.57.
Personal loans (average rate, 5.12 per cent.): 4 M %, $27,000; 4M % . $225,200; 4M % , $50,000; 5%,
$255,699.50; 5M %. $80,725; 6%, $158,788.03; 7%, $22,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.83 per cent.): 2M % . $3,400; 3M%i $57,000;
3.60%, $25,000; 3M % . $15,000; 3%%, $10,000; 4%, $202,000; 4M % . $10,000; 4M%- $77,500;
4M %, $10,000; 5%, $156,650; 514%, $40,000; 6%, $65,100; 7%, $28,000; 7M %, $1,600; 8% ,
$14,200; 10%, $10,000; 12%, $5,000.
Number of loans not over $3,000 each, 693, amounting to $714,083.68.
38 real estate loans made during year, amounting to $111,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 8,330, amounting to
.

.

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

$55,828 54
56,287 95
377,381 91

.

.

$489,498 40
457,005 04

.

$32,493 36

Number of withdrawals during year, 8,205, amounting to
Net increase in amount due depositors

.

.

.

.

.
.

.
.

.
.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 New York 4Ms
8.000 Essex County 4Ms
4,500 Brockton 4Ms
20.000 Canton, 0., 5Ms
3.000 Chicopee 4s
3.000 Chicopee 4Ms
4.000 East Providence, R. I., 4s
5.000 Lynn 4s
18.000 Milwaukee, Wis., 5s
5.000 Minneapolis, Minn., 4s
20.000 New Bedford 5s
10.000 Oakland, Cal., 5Ms
10.000 Omaha, Neb., 4Ms
2.000 Portland, Ore., 5s
6.000 Portland, Ore., 6s
5.000 Quincy 4s
5.000 Racine, Wis., 4Ms
5.000 Somerville 4s
3.000 Acton 4s
3.000 East Longmeadow 4Ms
6.000 Franklin 4s
8.000 Winthrop 4Ms

Public Funds, Notes.
$1*0,000 Amesburv 3Ms
5,000 Carve: 3Ms
3,150 Carver 5s
10 000 Nashua 4Ms
10.000 Revere 3Ms
25.000 Wakefield 3.60%
10.000 Watertown 5Ms
Railroad Bonds.
$10,000 Baltimore & Ohio 3Ms
50.000 Boston & Albany 4s
28.000 Cedar Rapids & Mo. R. 7s
10.000 C., B. & Q. 3Ms
9.000 C„ B. & Q. 4s
2.000 C., Mil. & St. Paul 5s
7.000 C., Mil. & St. Paul 6s
10.000 Ch., St. P., Minn. & Oma. 6s
12.000 Fitchburg 4s
6.000 Fre., E. & Miss. Valley 6s
10.000 Holyoke & Westfield 4Ms
12.000 Illinois Central 3Ms
10.000 Louisville & Nashville 6s
3.000 Michigan Central 5s
5.000 Montana Central 6s
25.000 N. Y., N. H. & H. 3Ms
10.000 No. Maine Seaport 5s

$10,000 Pensacola & Atlantic 6s
5.000 Philadelphia & Erie 6s
1.000 P., Gt. Falls & Con. 4Ms
8.000 Rome, Watertown & Og. 5s
10.000 San Fran. & San Joaq. Val. 5s
10.000 St. Johns. & Lake Ch. 5s
Street Railway Bonds.
$10,000 Boston Elevated 4s
25.000 Boston Elevated 5s
25.000 Boston & Northern 4s
10.000 Lynn & Boston 5s
10.000 West End 4s
10.000 Western Mass. 5s
25.000 Wor. Consolidated 4Ms
Bank Stocks.
Shs.
100 Merchants Nl. Bk., Boston
142 Nl. Shawmut Bk., Boston
25 Old Boston Nl. Bk., Boston
50 Second Nl. Bk., Boston
16 Webster & Atlas Nl. Bk., Boston
61 Cape Ann Nl. Bk., Gloucester
34 Gloucester Nl. Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 6,824
.
884
.
353
191
48
30

Amount.
$114,645 83
70,268 01
53,622 65
65,069 88
33,769 54
40,006 00

. 8,330

$377,381 91

Amount.
$178,003 86
50 00

4,250

$206,490 05

Totals

D ates of ExAMiNATroN, July 13-17 inclusive.


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

No.
4,089
From women
1
From guardians
From religious and chari118
table corporations .
42
In trust .
.
.
.

9,768 00
18,668 19

[Pub. Doc.

REPO RT OF THE

58

CAPE COD FIVE CENTS SAVINGS BANK, HARWICH.
Incorporated March 16, 1855.

Number of corporators, 38; number of trustees, 15.

Oliver E. E ldredge, President.
A lphonso L. W eekes , Treasurer.
Joseph K . R obbins, Clerk of the Corporation.
Board of Trustees: Joshua C rowell , E . K . C rowell, O. E . E ldredge, M . W . H oward, John
K enrick , C. 8. K ent , W . M . K nowles , G. H. N ickerson, 2d, J. A . N ickerson, J. K . R obbins,
E mulous Small, A. C. Snow , A. L. W eekes , H. F. W inslow , D . L. Y oung.
Board of Investment: A. C. Snow , O. E. E ldredge, E . K . C rowell , John K enrick , Joshua C rowell ,
W . M . K nowles .
Auditing Committee: A. C. Snow , J. A. N ickerson, J. K . R obbins.
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 1 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
$33,500 00
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
466,845 00
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
44,906 25
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
22,700 00
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
11,202 00
Securities acquired in settlement of-indebtedness
.
.
.
.
.
.
.
15,765 00
365 loans on real estate (average of each, $1,452.39) .
.
.
.
.
.
.
530,121 32
44 loans on personal security
.
.
.
.
.
.
.
.
.
.
420,733 50
Bank building and fixtures (estimated value, $4,000; assessed value, $12,100)
.
.
18,500 00
Real estate b y foreclosure, etc. (assessed value, $54,600) .
.
.
.
.
.
45,662 75
C a s h ..................................................................................................................................................................2,818 66
Total Assets

.

.

.

.

.

$1,612,754 48

Liabilities.
Due depositors on 4,216 accounts, averaging $349.96 each
.
.
.
.
.
(Accounts opened during year, 376; closed, 281; increase, 95)
Surplus: —
a. Guaranty fund (4.94% of deposits; increase during year, $2,300) .
.
.
b. Profit and loss (increase during year, $9,374-07)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$4,881 51
Less current expenses not charged off
.
.
.
.
235 77
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$1,475,452 93
72,900 00
59,324 35

4,645 74
431 46
$1,612,754 48

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,304.54
$4,299.46
$105.00
$30.75
$1,221.47
$9,961.22
Cost per $1,000 of assets
2 .6 7
2 .67
.06
.02
.76
6.18
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3 .45
Gross income received during the year, $73,560.94.


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

BANK COMMISSIONER,

No. 8.

59

Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (average rate, 5.34 per cent.): 4 K % , $13,500; 5%, $314,693.10; 5}4% , $16,000;
5M % , $33,500; 6%, $135,659.72 ; 7%, $16,768.50.
Personal loans (average rate, 4.90 per cent.): 4 ^ % , $30,000; 4J^%. $140,000; 4 ^ % , $70,000; A.%%,
$35,000; 5%, $39,000; 5 K % . $55,000; 6%, $31,733.50; 6M % . $20,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cent.): 3]A%< $60,000; 4% , $492,000;
4J^%, $39,000; 6%, $5,000; 7%, $5,000; 10%, $1,200.
Number of loans not over $3,000 each, 365, amounting to $182,670.52.
54 real estate loans made during year, amounting to $100,299.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 2,500, amounting to
.

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

Number of withdrawals during year, 2,362, amounting to .

.

Net increase in amount due depositors

.

.

.

.

.
.

.
.

.
.

.
.

$27,593 07
27,808 22
209,843 59
$265,244 88
220,817 22
$44,427 66

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Notes.
P$3,000 Brewster 4^s
8,500 Chatham 4s
11.000 Dennis 4s
500 Dennis Ipiis
10.000 Harwich 4s
500 Harwich 4pSjS

$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 3As
50.000 N. Y „ N. H. & H. 3J^s
55.000 N. Y „ N. H. & H. 4s
21.000 Old Colony 4s
20.000 Pitts., Va. &. Charleston 4s
10.000 Portland Terminal Co. 4s
15.000 Vermont Valley 4V£s

Street Railway Bonds.
Par Value.
$25,000 Boston Elevated 4s
20,000 Worcester Consolidated 4)^s

Bank Stocks.
Shs.
50 Fourth-Atlantic Nl. Bk., Boston
12 Merchants Nl. Bk., Boston
31 Nl. Bk. of Commerce, Boston
15 Nl. Bk. of the Republic, Boston
38 Cape Cod Nl. Bk., Harwich
12 First Nl. Bk., Yarmouthport

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,714
.
382
.
204
129
36
27

Amount.
$32,574 32
32,124 44
28,742 84
51,301 25
24,617 06
32,025 63

. 2,492

$201,385 54

No.
From women
1,083
From guardians
3
From religious and charitable corporations .
10
In trust .
.
.
.
32
Totals

Totals

8 transfers, amounting to $8,458.05, not included in above table.
D ates

op

E xamination , July 9,10.


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

1,128

Amount.
$79,617 23
300 00
574 25
3,602 23
$84,093 71

60

REPORT OF THE

[Pub. Doc.

CENTRAL SAVINGS BANK, LOWELL.
58
Incorporated M arch 3, 1871.

CENTRAL STREET.
Number of corporators, 57; number of trustees, 26.

H enby W . B abnes , President.
A bthub J. M ubkland , Treasurer.
H abold D . M acdonald, Clerk of the Corporation.
Board of Trustees: F bedebick A yee , H. S. B acon , H. W . B abnes , H. E . F letcheb, W . E . H all , H.
H. H aebis , G. L. H untoon, H. A. K ing , J. E. Lamoubeux , C. S. Lilley , P. S. M abden , G. F.
M abtin , A. J. M ubkland , A. G. P ollabd, H. G. Pollabd, A masa Pbatt, M . H. Pbatt , J. L.
R obebtson, W . T. Sheppaed, F. K . Steabns, P. F. Sullivan , L. T. T bull , E . H. W alkee , C.
W . W hidden, F. N. W ieb , S. N . W ood.
Board of Investment: A. G. Pollabd, W . E . H all , A masa Pbatt , J. L. R obebtson, H. W . B abnes .
Auditing Committee: H. W . B abnes , F. K . Steabns, H. G. P ollabd.
Deposits draw interest from first Saturday of February, M ay, August and N ovem ber; dividends are
payable 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
1,443 loans on real estate (average of each, $2,749.09)
.
.
.
.
.
.
65 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $40,000; assessed value, $33,000)
.
Real estate by foreclosure, etc. (assessed value, $40,600)
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.

$761,193 00
618,662 00
92^270 00
116[875 00
12^300 00
8R00 00
3,966,949 00
i
452^259 00
.
35R00 00
17,575 00
L423 17
253,903 13
7,080 50

Total A s s e t s .......................................... $6,343,489 80

Liabilities.
Due depositors on 16,398 accounts, averaging $357.02 each
(Accounts opened during year, 2,450; closed, 3,405; decrease, 955)
Surplus: —a. Guaranty fund (5.22% of deposits; increase during year, $1,173)
b. Profit and loss (increase during year, $22,991.77) .
Reserved for dividend .
.
.
.
.
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

$5,854,386 18
305,673
69,559
112,693
1,177
.

.

.

00
07
61
94

$6,343,489 80

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$7,333.64 $16,734.01
$2,000.00
$290.88
$5,389.86 $31,748.39
Cost per $1,000 of assets
1.16
2 .64
. 31
.05
.85
5.01
Cost per $1,000 of assets not including State tax and rent .
3.54
Gross income received during the year, $298,078.66.


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

No. 8.]

61

BANK COMMISSIONER.

Rates on Investments and Loans (Average on All, 4.75%).
Real estate loans (average rate, 5.05 per cent.): 4%, $8,045; 4 bi% , $90,825; 5%, $3,555,779; 5bi% ,
$77,275; 6%, $235,025.
Personal loans (average rate, 4.66 per cent.): 4M%> $35,000; 4%g%, $105,000; 4bi%> $160,940; 5%,
$117,343; 5Ji% , $20,176; 6%, $13,800.
Bonds, stocks, etc. (average rate on amounts invested, 4.01 per cent.): 3bi% , $8,000; 3.30%, $10,000;
3.35%, $10,000; 3bi% , $401,000; 3M % , $15,000; 4%, $1,009,004; 4bC%, $4,000; 4bi% , $120,210;
5%, $25,000; 5.65%, $15,000; 6%, $6,000; 8%, $7,300.
Number of loans not over $3,000 each, 1,115, amounting to $1,784,114.
61 real estate loans made during year, amounting to $81,400.

Dividends, Deposits and Withdrawals.
$118,279 62
112,988 92
793,849 73

Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2%
Number of deposits during year, 11,830, amounting to

$1,025,118 27
1,284,185 52

Number of withdrawals during year, 13,203, amounting to
Net decrease in amount due depositors

$259,067 25

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$65,000 Massachusetts 3bis
25.000 Augusta, Me., 4s
52.000 Boston 3bis
35.000 Boston 4s
1.000 Brockton 4s
10.000 Cambridge 4s
1.000 Chicopee 3bis
22.000 Fall River 4s
15.000 Holyoke 4s
10.000 Lawrence 4s
29,990 Lowell 4s
7,310 Lowell 4J^s
12.000 Lynn 3 bis
15.600 Lynn 4s
15.000 New Bedford 3bis
29.000 New Bedford 4s
5.000 Newton 4s
20.000 Pittsfield 3bis
3.000 Providence, R. I., 4s
1.000 Somerville 4bis
3.000 Taunton 3bis
22.000 Billerica 3bis
6.000 Billerica 4s
11.000 Billerica 4 bis
2.000 Boothbay Harbor, Me., 4s
5.000 Brookline 3bis
1,500 Brookline 4s
7.000 Clinton 3bis
1.000 Dedham 3 bis
9.000 East Bridgewater 4s
3.000 Falmouth 4s
6.000 Framingham 3bis
3.000 Ipswich 4s,

Par Value.
$17,000 Methuen 4s
10.000 Milton 3bis
2.000 Needham 4s
1.000 No. Andover 4s
5,300 North Attleborough 4s
10.000 Revere 3bis
4.000 Stoughton 4bis
3.000 Watertown, Me., 4s
12.000 Winchester 3bis
60.000 No. Chelmsfcrd (F. D.), 4s
Public Funds, Notes.
$10,000 Plymouth Co. 3.35%
25.000 Plymouth Co. 3bis
3,864 Everett 4s
10.000 Marlboro 3bis
10.000 Bedford 3.30%
5.000 Billerica 4s
4.000 Chelmsford 4)4s
18,200 Chelmsford 4bis
3.000 Dracut 5s
700 Dunstable 4bis
15.000 Lexington 3%s
8.000 Maynard 3Ms
3.000 Mansfield 4s
15.000 Marblehead 3bis
4,500 Revere 4s
10.000 Stoneham 5s
1.000 Stoughton 4s
4.000 Swampscott 4s
18.000 Tewksbury 4bis
250 Tyngsboro 4s
15.000 Winthrop 5.65%

Railroad Bonds.
$10,000 Boston & Albany 3bis
8.000 Boston & Lowell 4s
65.000 Boston & Maine 4s
35.000 Boston & Maine 4bis
10.000 B. & N. Y. Air Line 4s
25.000 C., B. & Q. 3bis
25.000 Cleveland & Pitts. 3bis
10.000 Concord & Montreal 4s
120.000 Fitchburg 4s
55.000 New England R.R., 4s
100.000 N. Y., N. H. & H. 4s
25.000 Old Colony 3bis
75.000 Old Colony 4s
30.000 Portland & R. Falls 4s
1.000 P., Gt. Fall & Con. 4bis
5.000 Rome, W. & Ogdensburg 5s
25.000 Washington Co. 3bis

Street Railway Bonds.
$50,000 Boston Elevated 4s
21.000 West End 4s
24.000 Worcester & Southbridge 4bis

Bank Stocks.
Shs.
50 Old Lowell Nl. Bk., Lowell
73 Union Nl. Bk., Lowell

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 9,031
. 1,219
.
543
.
596
180
112

Amount.
$146,868 08
99,899 32
86,243 86
207,359 32
125,483 62
114,264 00

11,681

$780,118 20

No.
. 5,009
From women
21
From guardians
From religious and chari.
159
table corporations
.
855
In trust .

Amount.
$355,782 21
3,331 90

. 6,044

$437,191 89

Totals
Totals

149 transfers, amounting to $13,731.53, not included in above table.
D ates

of

E xamination


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

and

A udit, June 8-16 inclusive.

17,272 06
60,805 72

62

REPO RT OF THE

[Pub. Doc.

CHARLESTOWN FIVE CENTS SAVINGS BANK, BOSTON.
THOMPSON SQUARE (CHARLESTOWN DISTRICT).
Incorporated April 7, 1854.

Number of corporators, 43; number of trustees, 22.

W alteb S. G lidden, President.
W illiam P. H art, Treasurer.
F red E . C oates, Clerk of the Corporation.
Board of Trustees: J. F. B riry, M . E. S. C lemons, F rank D ow , A. A. Fales , W . S. G lidden, C. A.
G rimmons, S. T . H arris, W . P. H art , C. B. Jopp, Leslie Langill , G. P. N ason , F. V. N oyes,
A . W . Patch, G. H. Pendergast , C. D. Saw in , A. W . Stover, W . W . Stover, E . L. Sweetser ,
J. F. W ellington, C linton W hite , W . E. W hite , G eorge W hiting.
Board of Investment: W . S. G lidden, G. H. Pendergast , C linton W hite , G eorge W hiting ,
C. B. Jopp.
Auditing Committee: J. F. W ellington, A . W . Patch, M . E . S. C lemons, F. V. N oyes, C. A.
G rimmons.
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third Wednesday 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 Mondays, for deposits only, 6.30 to 8.30 p.m .
STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. C o bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
1,201 loans on real estate (average of each, $5,413.84)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.
.

.

.
.
.
.
.
.
.
.

.

.

153 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value,
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$6,510,425 00
8,400 00
----------------------.
.
.
$85,000)
.
.
.
.
.
.
.
.

$1,714,442
794.182
177,625
105.600
142,305
224,903
27,474

50
50
00
00
00
00
00

6,502,025
3,094,270
70,000
400,393
41,001

00
00
00
64
97

. $13,294,222 61

Total Assets
Liabilities.

. $12,058,585 79

Due depositors on 24,172 accounts, averaging $498.86 each
(Accounts opened during year, 8,700; closed, 2,488; increase, 1,212)
Surplus: —
a. Guaranty fund (4-97% of deposits; increase during year, $48,000)
b. Profit and loss (increase during year, $56,519.45) .
Current income: —
a. Interest .
.
.
.
.
.
.
$59,049 71
b. Rent
.
.
.
.
.
.
.
903 50

600,000 00
569,912 68

$59,953 21
Less current expenses not charged off
.
Less State or local taxes not charged off .

.
.

$3,756 73
1,487 50
5,244 23
54,708 98
11,015 16

Unearned discount

Total L ia b ilitie s .......................................... $13,294,222 61
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$21,601.71 $22,641.17 $2,500.00 $1,855.35
$3,337.15
$51,935.38
Cost per $1,000 of assets
1.62
1.70
.19
.14
.25
3 .9 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.09
Gross income received during the year, $601,076.97.
Rates on Investments and Loans (Average on All, 4.94%).
Real estate loans (average rate, 4.89 per cent.): 4%, $353,500; 4)4% , $166,000; 4)4% , $772,100; 4 )4 % ,
$85,500; 5%, $4,825,765; 5)4% , $6,000; 5)4% , $257,650; 6%, $35,510.
Personal loans (average rate, 5.47 per cent.): 4)4% , $41,400; 4 !4% , $599,600; 4 )4% , $549,900; 5%,
$393,295; 5)4% , $249,500; 5)4% , $177,000; 5)4% , $281,500; 6%, $67,300; 6)4% , $203,750;
6)4% , $45,000; 7%, $258,025; 7)4% , $19,000; 7)4% , $129,000; 8%, $80,000.


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

No. 8.

BANK COMMISSIONER

63

Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 3.24%, $25,000; 3M£%, $150,000;
3.60%, $60,000; 3.63%, $5,000; 3.67%, $5,000; 3 % % , $7,000; 3.80%, $51,330; 3.83%, $10,000;
3% % , $10,000; 3.90%, $10,000; 4%, $1,500,060; 4 ^ % . $119,000; 4J^%, $773,000; 4 % % . $6,000;
5%, $18,7000; 5J^%, $75,000; 6%, $75,600; 7%, $10,000; 8%, $76,600; 10%, $15,000; 12%,
$44,900.
Number of loans not over $3,000 each, 740, amounting to $1,155,340.
154 real estate loans made during year, amounting to $1,574,650.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Extra dividend declared during year,
April, 1914, Yf/0
Number of deposits during year, 24,513, amounting to
Number of withdrawals during year, 18,878, amounting to
Net increase in amount due depositors

.

.

.

$214,265
225,365
53,639
2,102,633
.
.

.

.
.

$2,595,904 74
1,525,478 31

.
.

47
93
63
71

.

.

$1,070,426 43

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$81,000 Massachusetts 4s
205,000 Boston 4s
50.000 Boston i]4s
7.000 Brockton 4s
50.000 Canton, 0., 5}^s
20.000 Chelsea 4s
10.000 Chicopee 4s
35.000 Fall River 4s
25.000 Grand Rapids, Mich., 4}^s
25.000 Hamilton, 0., 5s
33.000 Holyoke 4s
26.000 Kansas City, Mo., 4Mis
5.000 Kansas City, Mo., 5s
50.000 Los Angeles, Cal., 4Mis
19,500 Lowell 4s
33.000 Lynn 4s
45.000 Malden 4s
39.000 Milwaukee, Wis., 4s
25.000 New Bedford 4s
56.000 New Bedford 4Ms
10.000 New Bedford 4)4s
5.000 New Haven, Ct., 4s
25.000 Oakland, Cal., 5Mis
25.000 Omaha, Neb., 4Mis
5.000 Pittsburgh, Pa., 4s
25.000 Pittsfield 4s
51.000 Providence, R. I., 4s
75.000 San Francisco, Cal., 5s
30.000 Somerville 4s
1.000 So. Bend, Ind., 4s
14.000 Taunton 4s
15.000 Troy, N. Y., 4s
10.000 Waterbury, Ct., 4Mis
1.000 Worcester 4s
5.000 Billerica 4s
18.000 Brookline 4s
18.000 East Longmeadow 4M£s
11.000 Great Barrington 4s
10.000 Lexington 4s

Par Value.
$13,000 Methuen 4s
15.000 Nantucket 5s
16.000 Natick 4s
18.000 Revere 4s
6.000 South Hadley 4s
12.000 Wakefield 4s
25.000 Warwick, R. I., 4M£s
9.000 Watertown 4s
Public Funds, Notes.
$60,000 Chelsea 3.60%
40.000 Medford 3.50%
10.000 Melrose 4.25%
20.000 Melrose 4.50%
25.000 Arlington 3.24%
5.000 Billerica 6s
6.000 Deerfield 4s
10.000 Dracut 3Mis
10.000 Hull 3.83%
22,40 ) Hull 4s
10.000 Nantucket 4s
10.000 Needham 3.90%
5.000 Randolph 3.67%
51,330 Revere 3.80%
71,110 Revere 4s
10.000 Revere 6s
2,500 Sandisfield 5s
5.000 Sandwich 3.63%
7.000 Sandwich 3.75%
15.000 Wareham 4s
6.000 West Brookfield 4s
3.000 West Stockbridge 4Ms
6.000 Winthrop 4%s
Railroad Bonds.
$20,000 Boston & Maine 4s
280,000 Boston & Maine 4)4s
15,800 Burlington & Mo. Riv. 6s
10,000 C., B. and Q. 4s

Par Value.
$19,000 Chic., Mil. and St. Paul 4Mis
50.0 0 Concord & Montreal 4s
66.000 Fitchburg 4s
150.000 Fitchburg 4Mis
30.000 New England 4s
135.000 N. Y., N. H. & H. 4s
Street Railway Bonds.
50.000 Boston Elevated 4Mb
55.000 West End 4s
25.000 West End 4^s
50.000 West End 5s
Bank Stocks.
Shs.
12 Andover Nl. Bank
200 Beacon Tr. Co., Boston
145 Boylston Nl. Bk., Boston
150 Commonwealth Tr. Co., Boston
275 Eliot Nl. Bk., Boston
425 First Nl. Bk., Boston
150 First Ward Nl. Bk., Boston
27 Market Trust Co., Boston
100 Massachusetts Tr. Co., Boston
100 Merchants Nl. Bk., Boston
165 Mutual Nl. Bk., Boston
263 Nl. Bk. of Commerce, Boston
342 Nl. Bk. of the Republic, Boston
130 Nl. Shawmut Bank, Boston
24 Second Nl. Bk., Boston
123 State Nl. Bk., Boston
111 Webster & Atlas Nl. Bk., Boston
375 Home Nl. Bk., Brockton
13 Conway Nl. Bank
75 Wachusett Nl. Bk., Fitchburg
25 Union Nl. Bk., Lowell
50 Essex Tr. Co., Lynn
34 Blue Hill Nl. Bk., Milton

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
20,050
1,446
1,048
788
358
568

Amount.
$545,721 14
102,562 06
164,738 08
282,233 33
245,211 70
592,942 57

No.
From women .
. 11,199
From guardians
37
From religious and charitable corporations
46
In trust .
310
Totals

Totals

24,258 $1,933,408 88

255 transfers, amounting to $169,224.83, not included in above table.

D ates

of

E xamination, February 2-4 inclusive.


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

Amount.
$960,049 14
24,468 74
34,975 33
149,550 82

. 11,592 $1,169,044 03

REPORT OF THE

64

[Pub. Doc

CHELSEA SAVINGS BANK, CHELSEA.
267 BROADW AY.
Incorporated April 29, 1854.

Number of corporators, 89; number of trustees, 29.

A lbert A. F ickett, President.
W illiam B. D enison, Treasurer.
A lice M. H utchins, Clerk o f the Corporation.
Board o f Trustees: I. F. A twood W . A B aston, A. T. C ollier, W . B. D enison, G. H. D unham,

E. F. E ndicott, A. A. F ickett, C. W. G ould, James G ould, W illiam G rantman, A. S. Harris,
J. S. Harrower, F P. H ersom, E. R. H oag, R. W. E. H opper, F. W. K imball, A. W. Lawrence,
S. J. Littlefield, W . L. M artin , W . E. M cC lintock, Otis M erriam, G. E. M orrill, P. J.
M urray, J. M. P utnam, C. G. R oberts, W illiam R obinson, J. B. Shurtleff, J. C. Smith,
L. K. W ashburn .

Board of Investment: A. T. C ollier, A. A. F ickett, W illiam G rantman, G. E. M orrill, C. G.

R oberts.

Auditing Committee: W. E. M cC lintock, F. W. K imball, E . F. E ndicott.
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 OP CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
1,565 loans on real estate (average of each, 2,577.06)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.
.

.
.
.
.

.
.
.
.

.
.

.
.

.
.
.
.
.
.
.
.
$4,049,907 00
16.810 00

90 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $86,500; assessed value, $79,000)
Suspense account
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$584,000
513,550
123,875
68,177
6,500

00
00
00
50
00

4,033,097
1,669,215
31,471
25
154,488
22,146

00
00
98
00
33
87

$7,206,546 68

Liabilities.
Due depositors on 21,254 accounts, averaging $306.19 each
(Accounts opened during year, 3,707; closed, 3,133; increase, 574)
Surplus: —
a. Guaranty fund (4-95% of deposits; increase during year, $10,000)
b. Profit and loss (increase during year, $16,301.37) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Insurance account
.
.
.
.
.
.
.
.
.


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

Total Liabilities

$6,507,718 26
322,000 00
322,369 06
54,363 36
96 00
. $7,206,546 68

No. 8.]

BANK COMMISSIONER.

65

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$8,473.56 $18,483.94 $3,500.00
$511.48
Cost per $1,000 of assets
1.17
2 .56
.48
.07
Cost per $1,000 of assets not including State tax and rent

Other Expenses.
Total.
$2,235.74 $33,204.72
.31
4.59
2.94

Gross income received during the year, $357,819.64.

Rates on Investments and Loans (Average on All, 4.99%).
Real estate loans (average rate, 5.10 per cent.): 5%, $3,440,932; o lA % , $373,505; 6%, $218,660.
Personal loans (average rate, 5.20 per cent.): 4M %, $130,000; 4% % , $125,000; 4 A % , $420,000; 4 M % .
$20,000; 4 ^ % , $160,000; 5%, $152,250; 5M %, $150,000; 5 ^ % , $41,400; 5% % , $25,000; 6%
$46,365; 6 ^ % , $262,500; 7%, $136,700.
P
* /0’
Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent ): 3 A % , $50,000; 4%, $923,000:
4M % , $180,000; 5%, $80,000; 6%, $92,500; 8%, $1,500; 10%, $2,500
Number of loans not over $3,000 each, 1,081, amounting to $1,864,552.
150 real estate loans made during year, amounting to $489,000.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 A %
Number of deposits during year, 39,713, amounting to

$118,059 45
151,144 85
1,493,077 33

Number of withdrawals during year, 24,290, amounting to

$1,762 281 63
1,533,646 75

Net increase in amount due depositors

.

.

.

.

.

$228,634 88

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3A&
148,000 Boston 4s
60.000 Brockton 4s
35.000 Chelsea 4s
25.000 Everett 4s
30.000 Fall River 4s
35.000 Los Angeles, Cal., 4:As
15.000 McKeesport, Pa., 4s
5.000 Melrose 4s
50.000 Newark, N. J., 4bsis
25.000 New Bedford 4s
10.000 Quincy 4s
42.000 Springfield 4s
20.000 Springfield, Mo., 5s
5.000 Waterbury, Ct., 4J^s
3.000 Abington 4s
20.000 Attleborough 4s
31.000 Norwalk, Ct., 4s

Railroad Bonds.
$M,000 N.’ Y. & N. E. Term. 4s
25.000 N. Y „ N. H. & H. 3As
$3,000 Aroostook Northern 5s
10.000 No. Maine Seaport 5s
22.000 Atch., Top. & Santa Fé 4s
20.000
Norwich & Wore. 4s
5.000 Boston & Albany 4s
35.000
Old Colony 4s
25.000 Boston & Lowell 4s
10.000
Pensacola
& Atlantic 6s
8.000 Boston & Maine 4s
55.000 Boston & Maine 4b£s
20.000 Boston, R. B. & Lynn 4L£s
Street Railway Bonds.
17.000 Burlington & Mo. Riv. 6s
$40,000 Boston Elevated 4s
15.000 Central R.R. of N. J. 5s
15.000 Boston Elevated 4J^s
55.000 C„ B. & Q. 4s
25.000 Boston & Northern 4s
35.000 Chicago, R. I. & Pacific 4s
6.000 Chic., St. P., Minn. & Orna. 6s 50.000 West End 4s
32.000 Chicago & Northwest. 5s
27.000 Chicago & Northwest. 6s
24.000 Fitchburg 4s
Bank Stocks.
15.000 Illinois Central 4s
Shs.
25.000 Louisville & Nashville 6s
25 Merchants Nl. Bk., Boston
15.000 Michigan Central 4s
25 Chelsea Trust Co.
5.000 Montana Central 6s
15 Union Nl. Bk., Lowell

Classification of Deposits received during the Year ending October 31, 1914.
No.
Of $50 and less
. 34,451
Over $50, not over $100 . 2,910
Over $100, not over $200 .
1,155
Over $200, not over $500
804
Over $500, under $1,000
233
Of $1,000 or more
160
Totals
D ates

Amount.
$488,876 20
231,743 86
172,983 81
274,973 12
164,090 07
160,410 27

No.
From women .
17,497
From guardians
18
From religious and charitable corporations
88
From labor unions .
11
In trust .
.
.
.
353

. 39,713 $1,493,077 33
op

E xam ination , March 23-28 inclusive.


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

Totals

17,967

Amount.
$662,009 81
5,448 73
8,483 37
1,162 80
54,053 15
$731,157 86

66

REPORT OF THE

[Pub. Doc.

CHICOPEE SAVINGS BANK, CHICOPEE.
14 SPRINGFIELD STREET.
Incorporated February 27, 1845.

Number of corporators, 54; number of trustees, 16.

N elson B. C ar te r , President.
C harles J. Se a ver , Treasurer.
W illiam F. B ostwick , Clerk of the Corporation.
Board of Trustees: L. A. A umann , G. A. B laisdell , W . F. B ostw ick , N . B. C a r t e r , C. E. C rehore ,
F. X . D e r oin , C. J. D riscoll , W . J. F u lle r , E . G. G aylord , J. M . G r ise , A . J. Jen ks , J. P.
K ir b y , F. P. L udw ig , H. A. M orse , J. L. P ea se , P. C. P ond .
Board of Investment: N. B. C ar te r , W . J. F uller , E. G. G aylord , P. C. P ond .
Auditing Committee: H. A. M orse , J. L. P ease , A. J. J en ks .
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, 1914.
Assets.
$163,655
391,415
109,225
46,002
14,200
1,424,967
212,369
1,400
46,594
4,281

Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
705 loans on real estate (average of each, $2,021.23)
41 loans on personal security
Furniture and fixtures .
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

00
00
00
50
00
00
37
00
50
69

$2,414,110 06

Total Assets

Liabilities.
Due depositors on 4,610 accounts, averaging $487.31 each
.
.
.
.
.
(.Accounts opened during year, 779; closed, 775; increase, If)
Surplus: —
a. Guaranty fund (5.16% of deposits; increase during year, $3,100)
.
.
.
h. Profit and loss {increase during year, $11,793.43) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$13,166 09
Less current expenses not charged off
.
.
.
.
1,839 53
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$2,246,513 64
115,900 00
39,029 44

11,326 56
1,340 42
$2,414,110 06

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$3,996.85 $4,004.93
$420.00
$99.10
$1,245.22
Cost per $1,000 of assets
1.66
1.66
.17
.04
.52
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $114,747.63.


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

Total.
$9,766.10
4 .0 5

2.22

BANK COMMISSIONER.

No. 8.

67

Rates on Investments and Loans (Average on All, 4.72%).
Real estate loans (average rate, 4.99 per cent.): &%%, $4,000; 4 % % , $8,300; 4% % , $2,700; 5%,
$1,409,967.
Personal loans (average rate, 5.45 per cent.): 4J^%, $20,000; 5%, $108,880; 5J^%, $12,264.37 ; 6% ,
$31,225; 63^%, $25,000; 7%, $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.98 per cent.): 3J^%, $224,000; ‘3 % % , $9,000;
4%, $401,400; 4M % , $70,000; 5%, $21,600; 8%, $5,000.
Number of loans not over $3,000 each, 622, amounting to $872,807.
114 real estate loans made during year, amounting to $167,940.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 5,457, amounting to

$43,268 94
44,081 49
445,008 16
$532,358 59
531,331 71

Number of withdrawals during year, 4,717, amounting to .
Net increase in amount due depositors

$1,026 88

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
$20,OCK)'California 4s
10.000 Massachusetts 4s
10.000 Boston 4s
25.000 Detroit, Mich., 4s
15.000 Duluth, Minn., 4b£s
5.000 Fitchburg 4s
25.000 Los Angeles, Cal., 4)^s
5.000 Lowell 4s
25.000 Omaha, Neb., 4Hs
3.000 Quincy 4s
5.000 San Francisco, Cal., 5s
4,500 Amesbury 4s

Public Funds, Notes.
$9,000 Chicopee 3%s
2,900 Chicopee 4s

$25,000 Boston & Albany 3b£s
25.000 Boston & Maine 3Ms
20.000 Boston & Maine 4s
5.000 Boston & Maine 43^s
48.000 C., B. & Q. 3^s
5.000 Chicago & Northwestern 4s
30.000 Chic., R. I. & Pac. 4s
25.000 Conn. River 3J^s
22.000 Conn. River 4s
20.000 Fitchburg 3J^s
34.000 Fitchburg 4s
30.000 Illinois Central 3j^s
5.000 Illinois Central 4s
2.000 Michigan Central
5.000 Michigan Air Line 4s
40.000 N. Y., N. H. & H. 3V2s
45.000 N. Y., N. II. & H. 4s
9.000 Old Colony 3Hs

Street Railway Bonds.
$55,000 Boston Elevated 4s
10.000 Boston & Northern 4s
30.000 Springfield 4s
5,000 West End 4s
10.000 West End 5s

Bank Stocks.
Shs.
66 Chapin Nl. Bk., Springfield
50 Union Tr. Co., Springfield

Classification of Deposits received during Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 3,932
.
768
.
306
.
236
70
60

Amount.
$78,979 78
64,883 64
48,397 52
80,898 24
51,612 55
61,071 57

. 5,372

$385,843 30

No.
From women
2,065
From guardians
11
From religious and charitable corporations .
32
From labor unions
2
In trust .
.
.
.
32
Totals

85 transfers, amounting to $59,164.86, not included in above table.
D ates

of

E xam ination , April 29, 30.


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

2,142

Amount.
$157,007 03
2,662 72
8,737 72
68 00
5,814 23
$174,289 70

68

REPORT OF THE

[Pub. Doc.

CHICOPEE FALLS SAVINGS BANK, CHICOPEE FALLS.
105
Incorporated M ay 11, 1875.

M AIN STREET.

Number of corporators, 44; number of trustees, 20.

G eorge M . M orton , President.
J ohn B. K n ight , Treasurer.
E ugene J. O’ N e il , Clerk of the Corporation.
Board of Trustees: C. W . B r a y , G. W . B r a y , W . J. D unn , F. C. F lin t , L. J. G ibb s , F. L. H in k ley ,
W . O. K en tfield , C. W . K ing , J. B. K night , L. N. L yon , A. R. M a r tin , G. M . M orton , E. J.
O ’ N e il , I. H. P a g e , W . S. P a g e , F. E . P atterson , A. E. T a ylo r , E. R . T aylo r , F. S. T aylor ,
F. N. W ith rel .
Board of Investment: G. M . M orton , F. N. W ith re l , W . S. P a g e , A. R . M a r t in .
Auditing Committee: F. L. H in k le y , W . S. P age , F. 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, 1914
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
393 loans on real estate (average of each, $2,663.97) .
.
.
42
loans on personal security
.
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.

.
’

.

.

Total Assets

$66,532
188,719
120,280
30,186
17,100
1,046,940
101,587
500
22,331
3,501

80
80
00
25
00
88
25
00
17
76

$1,597,679 91

Liabilities.
Due depositors on 3,999 accounts, averaging $372.28 each
.
.
.
.
.
{Accounts opened during year, 848; closed, 801; increase, 47)
Surplus: —
a. Guaranty fund (5.27% of deposits; increase during year, $7,026.82) .
.
.
b. Profit and loss {increase during year, $3,716.82)
.
.
.
.
.
.
Current income: —
I n t e r e s t ...............................................................................................
$8,783 72
Less current expenses not charged off
.
.
.
.
1,407 74
-----------------------

$1,488,753 23
78,500 00
23 050 70

7,375 98

Total L ia b i lit i e s ..........................................$1,597,679 91

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$2,140.73
$3,230.00
$300.00
$127.35
$903.07
Cost per $1,000 of assets
1.34
2 .0 2
.19
.08
.57
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $78,590.98.


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

Total.
$6,701.15
4 .2 0
2.67

69

BANK COMMISSIONER.

No. 8.

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 5.01 per cent.): 5%, $1,020,740.88; 5(^% , $26,000; 6%, $200.
Personal loans (average rate, 5.40 per cent.): 5%, $51,567.25; 5)4% , $14,000; 5% % , $10,000; 6%,
$26,020.
Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3)4% . $80,000; 4%, $178,500;
4)4%c. $53,000; 5%, $110,900; 7%, $7,000; 8%, $2,500; 10)4%, $2,000.
Number of loans not over $3,000 each, 335, amounting to $452,961.13.
55 real estate loans made during year, amounting to $93,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%,
Number of deposits during year, 8,136, amounting to

$28,357 69
28,818 92
354,346 52

Number of withdrawals during year, 5,365, amounting to

$411,523 13
413,729 68
$2,206 55

Net decrease in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
P$5,000 Dayton, 0., 5s
10.000 Detroit, Mich., 4s
5.000 Jamestown, N. Y., 4)4s
10.000 Lawrence 4s
5.000 Los Angeles, Cal., 4)4s
5.000 M ilwaukee, W is ., 4 )4 s
10.000 Omaha, Neb., 4)4s
5.000 San Francisco, Cal., 5s
5.000 Spokane, Wash., 4)4 s
4.000 Springfield 4)4s
2,500 E. Bridgewater 4s
Railroad Bonds.
$12,000 Atch., Top. & Santa Fe 4s
15.000 Baltimore & Ohio 3)4s
5,000 Bangor & Aroostook 5s
17.000 Boston & Albany 4s

$10,000 Boston & Albany 5s
5.000 Boston & Maine 3)4s
3.000 Boston & Maine 4s
5.000 Boston & Maine 4)4s
15.000 C., B. & Q. 3J4s
15.000 Fitchburg 3J4s
5.000 Fitchburg 5s
10.000 Illinois Central 3J4s
20.000 N. Y., N. H. & H. 3)4s
47.000 N. Y „ N. H. & H. 4s
8.000 Northern Me. Seaport 5s
3.000 Vermont Valley 4)4s
Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston Elevated 4)4s
7.000 Boston Elevated 5s
23.000 Boston & Northern 4s
1.000 East Middlesex 4s

Par Value.
$3,000 Georgetown, Row. & Ips. 5s
7.000 Glou., Essex & Beverly 5s
7,300 Holyoke 5s
5.000 Lowell, Law. & Hav. 5s
10.000 Springfield 4s
8,00G Spring. & Eastern 5s
15.000 West End 5s
14.000 Worcester Consol. 5s
1.000 Worces. & Southbridge 4)4s
1.000 Woronoco 5s
Bank Stocks.
Shs.
lfi 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.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 6,915
594
274
171
62
38

Amount.
$82,991 40
47,456 77
42,137 79
57,511 58
43,551 09
38,110 32

. 8,054

$311,758 95

No.
3,229
From women
From guardians
6
From religious and chari127
table corporations .
8
From labor unions
72
In trust .
.
.
.

Amount.
$127,951 58
3,096 72

3,442

$145,911 03

Totals

82 transfers, amounting to $42,587.57, not included in above table.
D ates

of

E xam ination , August 26, 27.


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

6,604 84
226 00
8,031 89

70

REPORT OF THE

[Pub. Doc.

CITIZENS SAVINGS BANK, FALL RIVER.
6
Incorporated October, 1851.
J oh n C . M il n e , President.

SOUTH M AIN STREET.
Number of corporators, 52; number of trustees, 19.

W il l ia m F . W i n t e r , Treasurer.
J oseph D. M i l n e , Clerk of the Corporation.

Board of Trustees: J. E . A m io t , J. C . B r a d y , W . B . M . C h a c e , J. A . C h a d w ic k , H . H . E a r l , H . F.
G r in n e l l , S. W . H a t h a w a y , J. 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 i l n e , J. E . O s b o r n , J. M . S w i f t , J. T . S w i f t , W . F. T h o m a s , W . F. T h o m a s , Jr., J oseph
W a t t e r s , W . F. W i n t e r .
Board of Investment: J. C . M il n e , H . H . E a r l , W . F . T h o m a s , S. W . H a t h a w a y , J. M . S w i f t .
* Auditing Committee: H . F . G r in n e l l , J o seph 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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
599 loans on real estate (average of each, $4-,4-51.8A)
Less amount due on uncompleted loans .

$172,000
2,085,500
65,000
106,538
278,932
4,140

00
00
00
50
50
00

2,666,656
901,890
75,000
14,892
23
112,559
9,838

90
00
00
10
40
27
49

0Ó
10

89 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $92,150)
Real estate b y foreclosure, etc. (assessed value, $16,812)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.
Total Assets

$6,492,971 16

Liabilities.
Due depositors on 10,178 accounts, averaging $571.38 each
.
.
.
.
.
(Accounts opened during year, 1,373; closed 1,430; decrease, 57)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $10,955.17)
b. Profit and loss (increase during year, $67,541.06) .
.
.
.
.
.
Current incom e: —
Interest
$142,222 30
Less current expenses not charged off
.
.
.
.
7,912 84

291,207 63
207,102 35

134,309 46
44,727 62
36 00

Unearned discount and interest
Suspense account


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

$5,815,588 10

Total Liabilities

.

* One vacancy caused b y death.

.

.

.

$6,492,971 16

No. 8.]

BANK COMMISSIONER.

71

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$12,203.23 $12,879.09 $3,000.00
$148.27
$2,189.45
$30,420.04
Cost per $1,000 of assets
1.88
1.98
.46
.02
.34
4.68
Cost per $1,000 of assets not including State tax and rent .
2.34
Gross income received during the year, $337,799.57.
Rates on Investments and Loans (Average on All, 5.38%).
Real estate loans (average rate, 5.14 per cent.): 4J^%, $270,500; 4 % % , $98,800; 5%, $1,490,549.90;
5 ^ % , $711,772; 6%, $20,035; 7%, $75,000.
Personal loans (average rate, 5.36 per cent.): 4p£%, $230,000; 4M % . $65,000; 5%, $151,300; 5p2%,
$3,195; 6%, $452,395.
Bonds, stocks, etc. (average rate on amounts invested, 5.64 per cent.); 4%, $240,000; 4p£%, $182,000;
5%, $958,000; 5M % , $2,000; 6%, $1,064,500 ; 7%, $207,500; 8%, $58,300; 10%, $7,900; 12%,
$27,300.
Number of loans not over $3,000 each, 359, amounting to $570,392.
103 real estate loans made during year, amounting to $439,680.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1913, 2%
June, 1914, 2 %
Number of deposits during year, 9,815, amounting to
.

.

Number of withdrawals during year, 9,043, amounting to
Net increase in amount due depositors

.

.

.

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

.

.
.

.

.

.

.

$110,067 32
111,857 97
922,051 82

.

$1,143,977 11
997,861 81

.

$146,115 30

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Massachusetts 4s
70.000 Boston 4s
10.000 Cleveland, 0., 5s
20.000 Des Moines, 0., 5s
10.000 Newark, N. J., 4J^s
15.000 New Bedford 5s
10.000 Oakland, Cal., 4p£s
5.000 Oakland, Cal., 5s
2.000 Oakland, Cal., 5}^s
10.000 Portland, Ore., 4J^s
Railroad Bonds.
$100,000 Bangor & Aroostook 5s
10.000 Boston & Albany 5s
11.000 Cedar Rapids & Mo. R. 7s
10.000 Chic., Mil. & St. Paul 5s
5.000 Chic., Mil. & St. Paul 6s
26.000 Chic. & North. 5s
168.000 Chic. & North. 6s
119.000 Cleveland & Pitts. 4p£s
15.000 Dela. & Hudson Canal 7s
160.000 Fre., Elk Horn & Mo. V. 6s

Par Value.
$75,000 Housatonic 5s
25.000 Illinois Central 4s
37.000 Kal., Allegan. & G. R. 5s
80.000 Louisville & Nashville 5s
84.000 Louisville & Nashville 6s
68.000 Mahoning Coal 5s
90.000 Michigan Central 5s
136.000 Mil., L. S. & West. 5s
129.000 Mil., L. S. & West. 6s
100.000 Mont. Cent. Rd. Co. 6s
20.000 New England 5s
85.000 N. Y., N. H. & H. 6s
130.000 N. Y., Lack. & West. 6s
75.000 No. Maine Seaport 5s
22,500 Northwestern Union 7s
5,000 Ohio River 5s
18.000 P., Great Falls & Con. 4p£s
103.000 St. J. & L. C. 5s
17.000 St. Paul & Duluth 5s
39.000 St. P. & Northern Pac. 6s
58.000 St. Paul, Minn. & Man. 6s
10.000 St. P. & Sioux City 6s
11.000 Troy & Boston 7s
41.000 Winona & St. Peter 7s

Street Railway Bonds.
$15,000 Boston Elevated 4)4s
15.000 Boston Elevated 5s
20.000 Lynn & Boston 5s
15.000 West End 5s

Bank Stocks.
Shs.
6 Commonwealth Tr. Co., Boston
93 Eliot Nl. Bk., Boston
223 First Nl. Bk., Boston
79 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 7,046
. 1,264
571
412
128
169

Amount.
$133,223 59
103,889 70
89,890 91
147,146 69
94,759 88
203,408 86

. 9,590

$772,319 63

No.
From women
4,094
From guardians
6
From religious and charitable corporations .
52
From labor unions
23
In trust .
.
.
.
552
Totals

225 transfers, amounting to $149,732.19, not included in above table.
D a t e s of E x a m in a t io n , July 2 - 7 inclusive.


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

4,727

Amount.
$451,929 68
4,467 86
10,074 57
2,840 25
113,641 73
$582,954 09

72

REPORT OF THE

[Pub. Doc.

CITY SAVINGS BANK OF PITTSFIELD, PITTSFIELD.*
116 NORTH STREET.
Incorporated April 13, 1893.

Number of corporators, 47; number of trustees, 19.

F r a n c is W . R o c k w e l l , President.
H . C a l v in F o r d , Treasurer.
J. F r ed K a h l , Clerk of the Corporation.

Board of Trustees: 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. G im l ic h ,
J o sep h I n s u l l , J. F. K a h l , K . B. M i l l e r , A. A. M il l s , G . W . P e a s e , H. R . P e ir s o n , A. W .
P l u m b , L . G . R o b b in s , F. W . R o c k w e l l , G . H. S o u t h a r d , Jr., G . H. T u c k e r , H. B. W e l l in g ­
t o n , C . H. W il s o n , E . P . W o o d .
Board of Investment: C . F . C o o g a n , D . J. G im l ic h , L. G . R o b b in s , C . H. W

il s o n ,

G . H. S o u t h a r d , Jr.

Auditing Committee: G. W . P e a s e , J. F. K a h l , G. H. S o u t h a r d , 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 12 m .; 7 to
9 P.M.
STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal C o. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
594 loans on real estate (average of each, $3,595.88) .
37 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $125,000;
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

$65,367
421,314
178,260
25,000
62,472
78,501
2,135,659
122,465
90,300
19,209
8,173

.
.
.

.
.
.

.
.

.
.
.
.
.
.
.
assessed value, $75,000)
.
.
.
.
.
.
.
.
.

Total Assets

.
.

.

.

.

.

.

.

.

21
50
83
00
90
00
01
00
11
41
30

$3,206,723 27

Liabilities.
Due depositors on 9,942 accounts, averaging $312.55 each
.
.
.
.
.
(Accounts opened during year, 2,586; closed, 2,455; increase, 131)
Surplus: —
a. Guaranty fund (2.07% of deposits; increase during year, $8,000)
.
.
.
b. Profit and loss (increase during year, $5,396.46)
.
.
.
.
.
.
Current income: —
Interest account, rent account, etc.
.
.
.
.
.
$12,593 76
Less current expenses, etc., not charged o ff
.
.
.
.
4,579 50
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$3,107,407 36
64,400 00
26,194 63

8,014 26
707 02
$3,206,723 27

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,631.79 $6,783.96 $3,000.00
$771.92
$4,169.54
$18,357.21
Cost per $1,000 of assets
1.13
2.11
.93
.24
1.30
5.71
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3 .6 5
Gross income received during the year, $149,935.36.
* Statements of Life Insurance Departments appear on pages immediately following page 393.


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

73

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.02 per cent.): 5%, $2,094,616.76; 6%, $41,042.25.
Personal loans (average rate, 5.22 per cent.): 4 H % , 810,000; 5%, $56,800; 5A%> $47,650; 6%, $8,015.
Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): '¿A % , $170,000; 4%, $381,000;
4 H % , *5,000; 4J^%, $100,000; 5%, $114,400; 6%, $4,000; 8%, $38,800; 10%, $500; 1 0 ^ % ,
$2,250; 20%, $500.
Number of loans not over $3,000 each, 317, amounting to $573,629.93.
70 real estate loans made during year, amounting to $281,403.80.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 20,530, amounting to
.

.
.
.

.

Number of withdrawals during year, 14,633, amounting to

.

.

Net increase in amount due depositors

.

.

.

.

.

.

.

.

.
.

.

.

.
.

.

$1,036,932 13
942,817 79

.

.

.

$55,877 65
57,626 38
923,428 10

.

$94,114 34

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
P$5,000 Holyoke ZAs
15.000 Los Angeles, Cal., 4As
4,000 Georgetown 4s
13.000 Needham 4s

Public Funds, Notes.
$1,000 Hinsdale 5s
26,700 Pittsfield 5s

Railroad Bonds.
$10,000 Atch., Top. & St. Fe 4s
27.000 Bangor & Aroostook 5s
43.000 Boston & Albany 4s
5,000 Boston & Maine ZAs
26.000 Boston & Maine 4s
24.000 Boston & Maine iA s
10.000 Boston, R. B. & L. 4F£s

Par Value.
$30,000 C., B. & Q. Z A s
20.000 Chic. & Northwestern 4s
4.000 Concord & Montreal 4s
5.000 Dexter & Newport 4s
5.000 Erie & Pittsburgh 3As
15.000 Fitchburg 4s
10.000 Fitchburg 4F¿s
5.000 Holyoke & Westfield 4Ms
35.000 Illinois Central Z A s
5.000 Michigan Central Z A s
10.000 N. Y. C. & H. R. ZAs
20.000 N. Y., N. H. & H. Z A 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 Z A s
10.000 Princeton & Northw. ZAs
10.000 Sioux City & Pacific Z A s
5.000 Upper Coos 4As

Street Railway Bonds.
$10,000 Boston Elevated 4s
26.000 Boston Elevated 4As
83.000 Boston & Northern 4s
13,600 Holyoke 5s
10.000 Hoosac Valley 4s
10.000 West End iA s
30.000 West End 5s
Bank Stocks.
Shs.
30 Commercial Nl. Bk., Boston
50 Nl. Shawmut Bk., Boston
50 State Nl. Bk., Boston
20 Safety Fund Nl. Bk., Fitchburg
278 Leominster Nl. Bk.
40 No. Adams Nl. Bk.
5 Agricultural Nl. Bk., Pittsfield
10 Third Nl. Bk., Pittsfield
11 Chapin Nl. Bk., Springfield
5 Housatonic Nl. Bk., Stockbridge
30 Waltham Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.
.
.

No.
16,811
1,933
804
492
293
133

Amount.
$224,661 74
115,833 03
104,750 04
141,297 08
179,850 07
137,668 04

20,466

$904,060 00

From women .
From guardians
From religious and chari­
table corporations
In trust .
.
.
.
Totals

64 transfers, amounting to $19,368.10, not included in above table.
D a t e s of E x a m in a t io n , April 13, 14.


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

No.
9,682
10

Amount.
$468,236 10
1,708 23

93
323

26,802 26
146,449 10

10,108

$643,195 69

74

REPORT OF THE

[Pub. Doc.

CITY FIVE CENTS SAVINGS BANK, HAVERHILL.
48 W ASHINGTON STREET.
Incorporated March 31, 1870.

Number of corporators, 80; number of trustees, 11.

Sylvanus P. Gardner , President.
G eorge W . N oyes, Treasurer.
Leonard H. N oyes, Clerk of the Corporation.
Board of Trustees: C. L. B riggs, O. J. C arlton, H. E. G ale , J. E. G ale , S. P. G ardner, H. H.
G ilman , E. H. H owes , U. A. K illam , Perley Leslie, G eorge N ichols, 2d, P. C. Swett .
Board of Investment: S. P. Gardner , J. E . Gale , G eorge N ichols, 2d, P. C. Swett , C. L. B riggs.
Auditing Committee: S. P. G ardner , H. H. G ilman, U. A . K illam.
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
556 loans on real estate (average of each, $3,004-.16) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.

.

.

.
.
.
.
.
.
.
.
.
.
.
.
11,690,515 00
20,200 00

36 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $50,000; assessed value, $36,000)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
Total Assets

.

.

.

.

.

$216,495
495,340
134,970
150,000
58,521
37,200

60
00
00
00
25
00

1,670,315
568,650
48,312
83,440
7,157

00
00
56
04
81

$3,470,402 26

Liabilities.
Due depositors on 12,524 accounts, averaging $254.47 each
.
.
.
.
.
{Accounts opened during year, 1,779; closed, 1,748; increase, 31)
Surplus: —
a. Guaranty fund {5.07% of deposits; increase during year, $6,575)
.
.
.
b. Profit and loss {increase during year, $10,911.26) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$61,254 21
Less current expenses, etc., not charged off
.
.
.
5,772 97
---------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Insurance account
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$3,186,970 01
161,575 00
63,816 78

55,481 24
200 00
2,359 23
$3,470,402 26

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$6,136.62 $8,583.96 $1,162.50
$39.25
$1,079.75
$17,002.08
Cost per $1,000 of assets
1.77
2 .47
.33
.01
.31
4.89
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.79
Gross income received during the year, $164,184.51.


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

No. 8.'

¿o

BANK COMMISSIONER.

Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (average rate, 5.05 per cent.): 5%, $1,538,190; 5)^% , $94,750; 6%, $37,375.
Personal loans (average rate, 5.14 per cent.): 4M%> $50,000; 4)^% , $135,000; 4 ^ % , $50,000; 4 % % ,
$55,000; 5%, $10,150; 5M %, $25,000; 5%%, $25,000; 5}4% , $45,000; 5% % , $66,000; 6%, $57,500;
6H % , $50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 3% % , $10,000; 3b£%, $337,600;
3.70%, $25,000; 4%, $606,000; 4M % , $10,000; 4 K % , $70,000; 5%, $10,000; 6%, $5,000; 8%,
29,700; 10%, $2,500.
Number of loans not over $3,000 each, 405, amounting to $651,415.
60 real estate loans made during year, amounting to $225,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Dec., 1913, 2%
June, 1914, 2%
Number of deposits during year, 18,523, amounting to

$59,153 09
60,689 90
648,615 04
$768,458 03
687,540 33

Number of withdrawals during year, 11,496, amounting to
Net increase in amount due depositors

$80,917 70

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3Ks
75.000 Boston 4s
12.000 Chicopee 4s
15.000 Fall River 4s
13.000 Haverhill 4s
10.000 Indianapolis, Ind., 4s
10.000 Lynn 4J4s
14.000 Newton 4s

Public Funds, Notes.
$25,000 Essex Co., 3.70%
10,000 Melrose 3^§s
2,600 Groveland 3bf>s
5,000 Groveland 4s

Railroad Bonds.
$10,000 Bennington & Rutland 4C>s
25.000 Boston & Albany 4s
75.000 Boston & Maine 4s
10.000 Boston & Maine 4}4¡s
20.000 C., B. & Q. 4s
25.000 Chic. & Northwestern 4s
25.000 Cleveland & Pitts. 3%s
22.000 Fitchburg 4s
6C,0C0 Illinois Central 3)^s
5.000 Minn. & Iowa 3p£s
50.000 N. Y. C. & H. R. 3J^s
85.000 N. H., N. H. & H. 4s
40.000 Old Colony 4s
5.000 Pitts., Va. & Charleston 4s
10.000 St. J. & L. C. 5s
20.000 Sioux City & Pac. 3pí>s
15.000 Upper Coos 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
15.000 Boston Elevated 4p2S
25.000 Springfield 4s
50.000 West End 4s
10.000 West End 4p^s
25.000 Worcester Consolidated 4J^s
Bank Stocks.
Shs.
25 Merchants Nl. Bk., Boston
9 Nl. Bk. of Commerce, Boston
50 Nl. Shawmut Bk., Boston
132 First Nl. Bk., Haverhill
68 Haverhill Nl. Bk.
50 Haverhill Trust Co.
47 Merrimack Nl. Bk., Haverhill

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.
.
.

No.
16,330
1,217
405
299
82
60

Amount.
$210,913 31
98,012 35
62,466 58
103,718 46
59,323 34
63,873 86

18,393

$598,307 90

From women .
From guardians
From religious and charitable corporations
In trust .
.
.
.
Totals

Totals

130 transfers, amounting to $50,307.14, not included in above table.
D ates

of

E xamination , March 16. 17.


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

No.
6,993
6

Amount.
$249,782 31
2,246 57

81
39

10,035 77
5,434 18

7,119

$267,498 83

76

REPORT OF THE

[Pub. Doc.

CITY INSTITUTION FOR SAVINGS, LOWELL.
174 CENTRAL STREET.
Incorporated April 12, 1837.

Number of corporators, 33; number of trustees, 12.

C harles P. C onant , President.
F rank W . H urd , Treasurer.
G eorge E. P e r ley , Clerk of the Corporation.
Board of Trustees: W . P; B uttrick , F rank C oburn , C. P. C onant , J. G. H ill , L eonard H u ntress ,
F. W . H urd , C. F. K e ye s , W . E. L ivingston , E. G. M orrison , P ercy P a r k e r , J oseph P ea bo dy ,
A. D . Sargent .
Board of Investment: C. P. C onant , F rank C oburn , J. G. H ill , L eonard H untress , J oseph P eabody .
Auditing Committee: F ra n k C oburn , E. G. M orrison , P ercy P a r k e r .
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 Saturdays,
7 to 9 p .m .
STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
541 loans on real estate (average of each, $9,503.66) .
Less amount due on uncompleted loans .

$635,000
2,049,300
733,843
181,923
270,000
7,220

00
00
75
75
00
09

5,141,479
1,374,937
22,604
856
125,154
1,589

91
00
19
72
39
59

$5,159,079 91
17,600 00

72 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $88,450)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

. $10,543,909 39

Liabilities.
Due depositors on 20,331 accounts, averaging $472.54 each
{Accounts opened during year, 3,132; closed, 2,035; increase, 1,097)
Surplus: —
a. Guaranty fund {5.03% of deposits; increase during year, $23,000)
b. Profit and loss {increase during year, $38,134-89) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.
Rent account
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

$9,607,278 49
483,000 00
322,059 89
128,448
2,250
380
492
.

.

.

66
00
00
35

$10,543,909 39

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$20,025.27 $17,546.95
$1,675.00
$367.83
$3,524.35
$43,139.40
Cost per $1,000 of assets
1.90
1.66
.16
.03
.33
4 .0 8
Cost per $1,000 of assets not including State tax and rent .
2.02
Gross income received during the year, $451,423.28.


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

No. 8.

77

BANK COMMISSIONER.

Rates on Investments and Loans (Average on All, 4.63%).
Real estate loans (average rate, 4.77 per cent.): 4%, $731,450; 4M%> $727,106.14; 4J^%, $223,500;
5%, $.3,445,905.37; 5M % , $8,175; 6%, $5,343.40.
Personal loans (average rate, 5.02 per cent.): 4%, $40,744.83; 4M%> $9,551.44; 4 % % , $47,500; 5%,
$1,183,033.85; 5M % . $8,006.88; 6%, $86,100.
Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3.47%, $38,050; 3J^%, $604,000;
4%, $2,658,000; 4M % , $160,000; 5%, $332,500; 6%, $6,700; 7%, $5,300; 8%, $124,000; 12%,
$26,500.
Number of loans not over $3,000 each, 392, amounting to $545,420.88.
83 real estate loans made during year, amounting to $577,570.34.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 19,334, amounting to

$178,784 80
182,805 89
1,440,874 59
$1,802,465 28
1,426,773 95

Number of withdrawals during year, 19,168, amounting to
Net increase in amount due depositors

$375,691 33

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$116,000 Massachusetts 3Ms
220.000 Boston 4s
40.000 Fall River 4s
100.000 Indianapolis, Ind., 4s
70.000 Lynn 4s
74.000 Cranston, R. I., 4s
15.000 Maynard 4s
Railroad Bonds.
$25,000 Atch., Top. & St. Fé 4s
200.000 Boston & Albany 3Ms
25.000 Boston & Albany 4s
30.000 Boston & Albany 5s
59.000 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
65.000 Chicago & North. 4s
100.000 Chic., R. I. & Pac. 4s

Par Value.
$37,000 Cleveland & Pitts. 3Ms
200.000 Concord & Montreal 4s
50.000 Conn. & Pass. Rivers 4s
50.000 Fitchburg 5s
100.000 Kal., Alleg. & G. Rap. 5s
25.000 Narragansett Pier 4s
125.000 N. Y., N. H. & H. 3Ms
200.000 N. Y., N. H. & H. 4s
100.000 Norwich & Worcester 4s
5,000 Old Colony 4s
160.000 Portland Terminal Co. 4s
100.000 Sullivan Co. 4s
Street Railway Bonds.
$225,000 Boston Elevated 4s
50.000 Boston Elevated 4Ms
100.000 Boston & Northern 4s
50.000 Lynn & Boston 5s
75.000 Old Colony 4s
50.000 Springfield 4s
150.000 West End 4s
50.000 Worcester Con. 4Ms

Bank Stocks.
Shs.
124 Boylston 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
85 Webster & Atlas Nl. Bk., Boston
19 Bay State Nl. Bk., Lawrence
710 Appleton Nl. Bk., Lowell
51 Old Lowell Nl. Bk., Lowell
100 Union Nl. Bk., Lowell
100 Wamesit Nl. Bk., Lowell
¿5 First Nl. Bk., Marlborough
42 Fram. Nl. Bk., So. Framingham

Classification of Deposits received during the Year ending October 31, 1914.
No.
Of $50 and less
14,222
Over $50, not over $100 . 2,565
Over $100, not over $200 . 1,099
949
Over $200, not over $500 .
Over $500, under $1,000
292
Of $1,000 or more
187
Totals

Amount.
$310,297 34
207,242 72
168,074 72
337,772 20
203,089 58
199,200 00

From women .
From guardians
From religious and charitable corporations
From labor unions
From credit unions .
In trust .
.
.
.

Amount.
$506,820 46
8,497 94

61
3
4
1,065

80,133
143
1,484
75,545

9,594

$672,625 66

90
00
50
86

19,314 $1,425,676 56
Totals

20 transfers, amounting to $15,198.03, not included in above table.
D ates

No.
8,439
22

op

E xamination , August 19-21 inclusive.


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

78

REPORT OF THE

[Pub. Doc.

CLINTON SAVINGS BANK, CLINTON.
79
Incorporated M ay 15, 1851.
E li F orbes, President.

H IGH STREET.

Number of corporators, 32; number of trustees, 16.

C. L. S. Hammond, Treasurer.
W illiam H amilton, Clerk of the Corporation.

Board of Trustees: W . L. B ancroft, W . P. B owers , G. A . B rown , C. W . F ield , E li F orbes, J. W .
F orrester, E. S. F uller , W . H. G ibbs , J. J. G oodwin, W illiam H amilton, C. L. S. Hammond,
J. A. M cQuaid , G. F.. M orse, G. P. T aylor , Bayard T hayer , J. E. T hayer .
Board of Investment: E li F orbes, G. P. T aylor , J. E. T hayer , E. S. F uller , W . P. B owers.
Auditing Committee: G. F. M orse, G. A. B rown , J. A. M cQuaid .
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 .;
Saturdays, 9 a .m. to 1 p.m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
475 loans on real estate (average of each, $2,181.88) .
.
53 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $15,250) .
Taxes, insurance, etc. paid on mortgaged properties
.
Premium account
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
Gash and cash items
.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.

.
.
.
.
.
.
.

$611,435
491,243
72,000
67,200
55,655
49,500
47,836
1,036,392
993,451
1,000
11,875
254
10,187
75,512
27,065

.
.

.
.
.
.

.
.

.

.
.

.
.

.
.

.

.

.

.

Total Assets

30
75
00
00
00
00
06
25
50
00
05
38
50
07
61

$3,550,608 47

Liabilities.
Due depositors on 8,197 accounts, averaging $407.96 each .
.
.
.
.
.
(Accounts opened during year, 877; closed, 858; increase, 19)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $5,000)
.
.
.
h. Profit and loss (increase during year, S5,504-04)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$6,961 58
Less current expenses not charged off
.
.
.
.
704 00
----------------------Total Liabilities

.

.

.

.

.

$3,344,027 40
167,500 00
32,823 49

6,257 58
$3,550,608 47

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$9,109.08 $6,885.00 $1,000.00
$23.70
$1,848.59
$18,866.37
C ost per $1,000 of assets
2 .5 7
1.94
.28
.01
.52
5.32
C ost per $1,000 of assets not including State tax and rent .
2.47
Gross income received during the year, $160,031.47.


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

BANK COMMISSIONER.

No. 8.

79

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.99 per cent.): 4%, $24,625; 4J^%, $21,015; 5%, $969,459.25; 6%,
$21,293.
Personal loans (average rate, 5.11 per eent.l: 4%, $28,250; 4Ys%, $25,000; 4 y2% , $325,000; 4 % % ,
$110,000; 5%, $152,401.50; 5M %. $25,000; 5)^%, $127,500; 6%, $48,500; &H%, $50,000; 6 ^ % ,
$75,000; 7%, $26,800.
Bonds, stocks, etc. (average rate on amounts invested, 4.06 per cent.): 3J^%, $232,000; 4%, $859,000;
4 M % , $36,000; 4J^%, $161,700; 5%, $94,400; 6%, $5,800; 7%, $10,500.
Number of loans not over $3,000 each, 411, amounting to $424,988.75.
48 real estate loans made during year, amounting to $61,982.50.
•

Dividends, Deposits and Withdrawals.
$63,582 13
64,110 84
446,742 97

Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 7,071, amounting to

Number of withdrawals during year, 6,266, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.

.

$574,435 94
522,073 85

.

.

.

.

.

$52,362 09

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 4s
10.000 New York 4Ys
20.000 Essex Co. 4s
5.000 Boston 3)^s
54.000 Boston 4s
20.000 Cambridge 4s
49.000 Chicago, 111., 4s
5.000 Cleveland 5s
5.000 Everett 4His
26.000 Fall River 4s
4.000 Gloucester 4M>s
20.000 Hartford, Conn., 4)^s
10.000 Holyoke 4J^s
5.000 Kansas City, Mo.,
11.000 Lynn 4}4s
21.000 New Bedford 4s
22.000 New Bedford 4Mis
5.000 Newburvport 3b|s
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., 4Mjs
10.000 Worcester 4s
10.000 Athol 4s
15.000 Belmont 4s
20.000 Brookline 4s

Par Value.
$11,000 Clinton 3Hs
28.000 Clinton 4s
10.000 Framingham 4s
15.000 Watertown 4s
1,500 Winthrop 4s
20.000 Kennebec, Me. (W. D.), 3M>s
5.000 Mansfield (W. D.) 4s
Public Funds, Notes.
$8,000 Essex Co. 4Ks
2.000 Clinton 4s
25.000 Clinton 4J4s
44.000 Lancaster 4s
800 Lancaster 6s
12.000 Sterling 4s
7,700 Sterling 4b£s
900 Sterling 5s
1.000 Sterling 6s
Railroad Bonds.
$4,000 Bangor & Aroostook 5s
18.000 Boston & Albany 3)^s
45.000 Boston & Albany 4s
10,COO Boston & Albany 5s
10.000 Boston & Lowell 4Ks
65.000 Boston & Maine 4s
20.000 C., B. & Q, 3V2s

$10,000 Chic. & North. 3}^s
53.000 Fitchburg 4s
5.000 Fitchburg 4JfjS
13.000 Illinois Central 3M(s
10.000 Illinois Central 4s
25.000 L. S. & Mich. South. 3Mis
15.000 Michigan Central 3Mis
15.000 Mil., L. S. & W. 5s
20.000 N. Y. C. & H. R. 3J^s
5.000 N. Y „ N. H. & H. Z}/&
60.000 N. Y., N. H. & H. 4s
61.000 Old Colony 4s
20.000 Portland Terminal Co. 4s
10.000 Upper Coos 4Mis
Street Railway Bonds.
$32,000 Boston Elevated 4s
20.000 Boston Elevated 4Ks
10.000 Boston Elevated 5s
10.000 West End 4Mis
Bank Stocks.
Shs.
55 Webster & Atlas Nl. Bk., Boston
350 First Nl. Bk., Clinton
40 Fitchburg Bank and Trust Co.
50 First Nl. Bk., New Bedford

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 5,373
.
939
370
.
245
91
53

Amount.
$116,611 26
75,554 11
57,116 85
82,497 33
61,953 42
53,010 00

. 7,071

$446,742 97

No.
3,387
From women
22
From guardians
From religious and chari80
table corporations .
29
In trust .
.
.
.

Amount.
$195,073 64
2,381 65

3,518

$211,493 63

T otals
Totals

D ates

op

E xamination , July 29-31 inclusive.


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

6,581 69
7,456 65

80

REPORT OF THE

[Pub. Doc,

COHASSET SAVINGS BANK, COHASSET.
CORNER ELM AND BROOK STREETS.
Incorporated February 28, 1845.

Number of corporators, 30; number of trustees, 14.

C harles W . Gammons, President.
C aleb L othrop, Treasurer.
R ussell B. T ower , Clerk of the Corporation.
Board of Trustees: Philander B ates , H. L. B rown , G. W . C ollier, C. W . G ammons, D . W . G ilbert ,
O. H. H owe , C aleb L othrop, E dward N ichols, S. R . N ichols, F. R . Pegram, D . N. T ower ,
N. B. T ower , R. B. T ower , F,. P. W entworth .
Board of Investment: C. W . G ammons, O. H. H owe , D. N. T ower , H. L. B rown .
Auditing Committee: G. W . C ollier, F. R . Pegram, R . B. T ower .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay­
able the W ednesday 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Securities acquired in settlement of indebtedness
.
362 loans on real estate {average of each, S3,126.15) .
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.
.
.

.

.
.
.
.
.

.
.
.
.

.

.

.

.

.

24 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $15,000; assessed value,
Suspense account
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
Total Assets

.

.
.
.
.
.
.
.
.
.
.
.
$771,115 67
1,450 00
----------------------.
.
.
$11,000)
.
.
.
.
.
.
.
.
.
.
.
.

$15,075
168,393
86,337
29,288
6,681

00
75
50
75
67

769,665 67
156,400 00
11,000 00
1 00
10,874 69
6,750 07

.

.

.

$1,260,468 10

.

.

.

$1,145,066 51

Liabilities.
Due depositors on 2,667 accounts, averaging $429.34 each
.
.
(Accounts opened during year, 243; closed, 207; increase, 36)
Surplus: —
a. Guaranty fund {4-92% of deposits; increase during year, $284)
b. Profit and loss (increase duiing year, ■$10,032.22) .
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.


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

.

.

.

.

.

.

Total Liabilities

.

.

■
.

•
.

•
.

$20,272 09
2,000 08
----------------------.
.
.

56,382 89
40,190 98

18,272 01
555 71

. $1,260,468 10

No. 8.]

81

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$1,626.68 $3,236.00
$260.00
$15.50
$928.95
Cost per $1,000 of assets
1.29
2.57
.20
.01
.74
Cost per $1,000 of assets not including State tax and rent .

Total.
$6,057.13
4.81
3.32

Gross income received during the year, $60,008.30.

Rates on Investments and Loans (Average on All, 5.02%).
Real estate loans (average rate, 5.25 per cen t.): 4)/*>%, $5,000; 5%, $530,318; 5}4% , $82,495.03; 6%,
$151,852.64.
Personal loans (average rate, 5.47 per cent.); 4M>%, $15,000; 4)4% , $25,000; 5%, $25,000; 5)4% ,
$28,000; 5% % , $10,000; 6%, $28,400; 6)4% , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3)4% , $67,000; 4%, $182,000;
4>4%, $20,000; 5%, $40,000; 6%, $6,900.
Number of loans not over $3,000 each, 288, amounting to $342,186.67.
31 real estate loans made during year, amounting to $53,280.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 2,267, amounting to

$21,782 73
21,965 00
133,235 50

Number of withdrawals during year, 2,144, amounting to

$176,983 23
154,839 46
$22,143 77

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Omaha, Neb., 4)4s
Public Funds, Notes.
$10,000 Agawam 4s
Railroad Bonds.
$10,000 Atch., Top. & Santa Fé 4s
10,000 Baltimore & Ohio 3)4s

Par Value.
$10,000 Bangor & Aroostook 5s
15.000 Boston & Albany 5s
25.000 C., B. & Q. 3)4s
5.000 Conn. & Pass. Rivers 4s
20.000 Fitcnburg 4s
17.000 Illinois Central 3)4s
10.000 N. Y., N. H. & H. 3)^s
10.000 N. Y., N. H. & H. 4s
15.000 North Me. Seaport 5s
10.000 Northern Pacific 4)4s
10.000 Portland Terminal Co. 4s
5.000 Washington Co. 3)4s

Street Railway Bonds.
$25,000 Boston Elevated 4s
20.000 Boston & Northern 4s
10.000 Old Colony 4s
10.000 Springfield 4s
20.000 West End 4s
5,000 Worcester & Southbridge 4)4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,753
.
269
99
83
21
20

Amount.
$30,731 24
21,406 48
14,472 86
26,951 68
14,030 20
20,000 00

. 2,245

$127,592 46

No.
1,128
From women
From guardians
5
From religious and chari123
table corporations .
400
In trust .
.
.
.

Amount.
$63,095 79
413 52

1,656

$85,824123

Totals
Totals

6,798 96
15,515 96

22 transfers, amounting to $5,643.04, not included in above table.
D ates

of

E xamination , January 28-30 inclusive.


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

D ates

of

A udit, June 22-26 inclusive.

82

REPORT OF THE

[Pub. Doc.

COLUMBUS SAVINGS BANK, BOSTON.
417 HANOVER STREET.
Incorporated March 25, 1908.

Number of corporators, 18; number of trustees, 11.

John F. Sullivan , President.
P. R obebt G beene , Treasurer.
F loba V. F opiano, Clerk of the Corporation.
Board of Trustees: A. A. B adabacco, L ouis B iggi, L. J. C osta, Jr., H. S. F itzgeeald, J. J. F lynn ,
P.
R . G beene , R . S. H offman, J. R. M ubphy , A. C. Quincy , H. E. Stockbbidge, J. F. Sullivan .
Board of Investment: J. F. Sullivan , J. R . M ubphy, J. J. F lynn , A. A. B adabacco, L ouis B iggi.
Auditing Committee: L. J. C osta, Jr., H. E. Stockbbidge, A. C. Quincy .
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: 9 a .m . to 3 p.m .; also M ondays and Saturdays,
for deposits only, 6 to 8 p.m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
28
loans on real estate (average of each, $2,146.42) .
.
.
.
.
.
.
1 loan on personal security .
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
Total Assets

.

.

.

SI,875 00
993 75
60,100 00
700 00
12,523 57
2,680 20

.

.

$78,872 52

.

.

$77,939 07

Liabilities.
Due depositors on 271 accounts, averaging $287.60 each .
.
.
.
(Accounts opened during year, 105; closed, 55; increase, 50)
Surplus: —
а. Guaranty fund (.60% of deposits; increase during year, $183.31)
.
б. Profit and loss (increase during year, $200.8Jf)
.
.
.
.
Total Liabilities

.

.

.

.

.
.

.

475 15
458 30

.

.

$78,872 52

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$65.12
—
—
Cost per $1,000 of assets
.82
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $3,239.60.


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

Advertising. Other Expenses.
$78.70
$224.75
1.00
2.85
.
.
.
.
.

Total.
$368.57
4 .6 7
3.85

BANK COMMISSIONER.

No.

Rates on Investments and Loans (Average on All, 5.12%).
Real estate loans (average rate, 5.17 per cent.): 5%, $44,800; 5J^%, $9,100; 6%, $6,200.
Personal loans (average rate, 5 per cent.): 5%, $700.
Bonds, stocks, etc. (average rate on amounts invested, 3.83 per cent.): 3J^%, $2,000; 4%, $1,000.
Number of loans not over $3,000 each, 22, amounting to $33,300.
3 real estate loans made during year, amounting to $8,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914. 2%
Oct., 1914, 2%
Number of deposits during year, 626, amounting to
.

Number of withdrawals during year, 516, amounting to
N et increase in amount due depositors

.

.

.

$1,177 69
1,309 69
43,366 65

.

.

.

.

.

.

.

.

.

.

$45,854 03
33,688 15

.

.

$12,165 88

SCHEDULE OF SECURITIES OWNED.
Street Railway Bonds.
Par Value.
$1,000 West End 4s

Public Funds, Bonds.
$f,0TOaBoston 3His
1,000 Newton 3J^s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000

.

'T otals
D ate

.

of

No.
432
112
44
28
10

Amount.
$8,715 50
9,456 50
6,842 00
9,702 65
8,650 00

626

$43,366 65

E xamination , M ay 29.


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

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

No.
218
2

Amount.
$13,420 10
1,250 00

8
41

452 25
2,325 27

269

$17,447 62

84

[Pub. Doc.

REPORT OF THE

COMMONWEALTH SAVINGS BANK, LYNN.
325 UNION STREET.
Incorporated March 28, 1900.

Number of corporators, 38; number of trustees, 19.

Joseph G. Pinkham , President.
W illiam M . B abney , Treasurer.
W illiam M . N y e , Clerk of the Corporation.
Board of Trustees: G. H. A llen , C. N. B abney , W . M . B abney , M. V. B besnahan , E . E . B oyeb ,
T homas Campbell, 2d, F. J. Fatjlknbb, C. L. G been , J. W . H abding , F bank H illiabd , F. N .
H oyt, J. M . H oyt , A. J. Johnson, W . M . Libbey , W . B. L ittlefield, P. B. M agbane , W . M .
N y e , J. G. Pinkham , G. T. T ill .
Board of Investment: W . M . L ibbey , T homas C ampbell, 2d, W . M . B abney .
Auditing Committee: W . M . Libbey , F. N. H oyt , J. W . H abding .
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, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
224 loans on real estate (average of each, S3,674.64)
Less amount due on uncompleted loans .

$46,940
103,432
21,000
22,358
5,100

00
50
00
75
00

823,119
148,691
2,000
6,150
23,066
4,289

68
88
00
49
32
43

$823,969 68
850 00

62 loans on personal security
Furniture and fixtures .
.
.
.
.
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

$1,206,149 05

Total Assets

Liabilities.
Due depositors on 2,896 accounts, averaging $404.63 each
{Accounts opened during year, 435; closed, 449'. decrease, 14)
Surplus: —
a. Guaranty fund {Z.%2% of deposits; increase during year, $4,400)
b. Profit and loss {increase during year, $2,409.05)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities

.

.

$1,171,808 24
26,000 00
2,409 05

$8,799 74
2,867 98
---------------

5,931 76

. $1,206,149 05

No. 8.]

BANK COMMISSIONER.

85

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Sa'aries.
Rent. Advertising. Other Expenses.
Am ount paid for
$1,555.60 $3,726.96 $1,360.08
$472.60
$1,084.11
Cost per $1,000 of assets
1.29
3.09
1.13
.39
.90
Cost per $1,000 ofiassets not including State tax and rent .
.
.
.
.
.

Total.
$8,199.35
6 .80
4 .38

Gross income received during the year, $61,145.38.

Rates on Investments and Loans (Average on All, 5%).
Real estate loans (average rate, 5.22 per cen t.): 5%, $478,759.68; 5}4%< $8,850; 5J^%, $308,815; 6%,
$26,695.
Personal loans (average rate, 4.89 per cent.): 4M % . $5,675; 4}^% , $58,615; 5%, $53,132.88;
$26,677; 6%, $4,592.
Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): S)^%, $16,000; 4%, $126,000;
43^%, $20,000; 5%, $35,000; 6%, $500; 8%, $4,600.
Number of loans not over $3,000 each, 188, amounting to $246,044.68.
18 real estate loans made during year, amounting to $54,900.

Dividends, Deposits and Withdrawals.
$19,547 82
22,318 82
246,171 19

Ordinary dividends declared during year: D ec., 1913, 1M%
June, 1914, 2%
Number of deposits during year, 3,779, amounting to

$288,037 83
290,402 14

Number of withdrawals during year, 3,409, amounting to

$2,364 31

Net decrease in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$3,000 Augusta, Me., 4s
1.000 Barre, Vt., 4s
5.000 Beverly 4s
1.000 Boston 3Ms
15,000 Omaha, Neb., 4Jd>s
Public Funds, Notes.
$22,000 Lynn 4s
Railroad Bonds.
$6,000 Aroostook Northern 5s
5.000 Bangor & Aroostook 5s

Pja5,M0 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 Fitchburg 5s
5.000 Illinois Central 3J^s
6.000 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^s
20.000 N. Y., N. H. & H. 4s
5.000 Washington Co. 3J^s

Street Railway Bonds,
Par Value.
$2,000 Athol & Orange 5s
5.000 Boston Elevated 4J^s
12,000 Lynn & Boston 5s
2.000 West End 4s

Bank Stocks.
Shs.
20 Commercial Nl. Bk., Boston
5 Peoples Nl. Bk., Boston
26 Manufacturers Nl. Bk., Lynn

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,753
.
598
181
118
58
44

Amount.
$43,256 98
40,162 29
25,958 75
38,815 78
39,347 63
45,467 49

. 3,752

$233,008 92

No.
1,470
From women
2
From guardians
From religious and chari56
table corporations .
159
In trust .
.
.
.

Amount.
$93,415 40
815 18

1,687

$110,694 06

Totals

2,7 transfers, amounting to $13,162.27, not included in above table.
D ates

op

E xamination , M ay 4, 5.


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

.

.

3,054 31
13,409 17

REPORT OF THE

86

[Pub. Doc.

CONWAY SAVINGS BANK, CONWAY.
M AIN STREET.
Incorporated March 10, 1887.

Number of corporators, 23; number of trustees, 15.

A. P. D e l a b a r r e , President.

A. C . G u il f o r d , Treasurer.
H. W . B il l in g s , Clerk of the Corporation.

Board of Trustees: M a x A n t e s , Y . D. B a r d w e l l , H. W . B il l in g s , S. H. B o ic e , C . L. B o y d e n ,
A . P . D e l a b a r r e , C . F. E l m e r , A . G . G u il f o r d , C . L. H a s s e l l , A . G . H o w e s , J. B . P a c k a r d ,
C h a r l e s P a r s o n s , 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 .
Board of Investment: J. B. P a c k a r d , H. D . P e a s e , A . P. D e l a b a r r e , C . F. E l m e r , C . L. B o y d e n .
Auditing Committee: C h a r l e s P a r s o n s , H. W . B il l in g s , C. F. E l m e r .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
174 loans on real estate {average o f each, $1,770.81) .
.
.
.
.
.
23 loans on personal security
.
.
.
.
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, SI ,000)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
Total Assets

.

.

.

$5,000 00
51,185 00
20,300 00
5,000 00
8,385 00
3,300 00
308,121 90
41,885 00
300 00
2,600 00
24,898 29
2,218 03

.

.

$476,193 22

Due depositors on 1,213 accounts, averaging $371.77 each
.
.
.
.
(Accounts opened during year, 87; closed, 85; increase, 2)
Surplus: —
a. Guaranty fund (4.13% of deposits; increase during year, $1,120)
.
b. Profit and loss (increase during year, $131.91)
.
.
.
.
.

.

$450,959 82

Liabilities.

.

.
.

18,620 00
6,613 40

Total L ia b ilit ie s .......................................... $476,193 22

Total Expenses for the Year, including State Taxes.
State Tax (Net).

Salaries.

Rent.

Amount paid for
$614.79
$800.00
$200.00
Cost per $ 1,000 of assets
1.29
1.68
.42
Cast per $1,000 of assets not including State tax and rent .
Gross income received during the year, $22,156.06.


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

Advertising. Other Expenses.
$11.25
.02

$316.73
.66

Total.
$1,942.77
4.07
2.36

BANK COMMISSIONER

No. 8.]

87

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 5.03 per cent.): 5%, $297,345; 6%, $10,776.90.
Peisonal loans (average rate, 4.94 per cent.); 5%, $39,985; 6%, $1,200.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3J^%, $14,000; 4%, $64,700;
4J^%, $5,000; 5%, $13,000; 5 ^ % , $1,000; 6*3%, $600.
Number of loans not over $3,000 each, 189, amounting to $233,006.90.
7 real estate loans made during year, amounting to $13,400.

Dividends, Deposits and Withdrawals.
$8,636 44
8,654 94
39,025 79

Ordinary dividends declared during year; April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 657, amounting to

$56,317 17
49,593 57

Number of withdrawals during year, 544, amounting to

$6,723 60

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Par Value.
$2,000 C., B. & Q. 3^s
10.000 C„ B. & Q. 4s
5.000 Chic., R. I. & Pae. 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. 4s
1.000 Old Colony 4s
1.000 St. J. & L. C. 5s
1,00C Wore., Nash. & R. 4s

Public Funds, Bonds.
Par Value.
$1,000 Newton 4s
Public Funds, Notes.
$4,000 Conway 4s
Railroad Bonds.
$6,000 Bangor & Aroostook 5s
2.000 Boston & Maine 3J^s
5.000 Boston & Maine 4s

Street Railway Bonds,
Par Value.
$5,000 Boston Elevated 4)^s
10,000 Boston & Northern 4s
6,000 Mystic Valley 5s

Bank Stocks.
Shs.
17 Conway Nl. Bank
10 City Nl. Bk., Holyoke
6 North Adams Nl. Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.

No.
509
73
37
26
8
4

Amount.
$8,276 47
6,069 09
5,893 03
9,380 67
5,406 53
4,000 00

657

$39,025 79

From women
From guardians
In trust
Totals

D a t e s of E x a m in a t io n a nd A u d it , December 9, 10, 11, 15, 16.


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

.

No.
260
2
7

Amount.
$13,659 52
384 00
1,110 40

.

269

$15,153 92

88

REPORT OF THE

[Pub. Doc.

COUNTY SAVINGS BANK, CHELSEA.
435 BR OADW AY.
Branch Offices: Town Hall, Broadway, Revere; Office of Elliot and W hittier, W inthrop.
Incorporated February 27, 1890. Number of corporators, 120; number of trustees, 35.
A l b e r t D . B o sso n , President.
W a l t e r S. F r a c k e r , Treasurer.
E b e n H u t c h in so n , Clerk of the Corporation.

Board of Trustees: T. A . A d d is o 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 e s c o tt C h a m b e r l a in , D . J. C o b u r n , F. F. C o o k , F. E. C o x , J. M . C u r l e y , T . F. D r is c o l l ,
V. A . F i e l d , W . S. F r a c k e r , 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 , 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 t c h in s o n , C. E. L e g g , E. H. L o w e l l , G . W M oses
D . A . O B r i e n , R oscoe P ie r c e , M . E . R i c e , E. W . R o b e r t s , S. H . R o b ie , 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 ed T h e is e , C . A . W a r r e n , R . S. W^e n t w o r t h .
Board of Investment: A . D . B o sso n , W . S. H i x o n , V. A . F ie l d , D. A . O ’ B r ie n , R. S. W

entw orth.

Auditing Committee: P r e s c o t t C h a m b e r l a in , T . B. F r o s t , 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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Boston Terminal Co. bonds .
,
. . .
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
681 loans on real estate (average of each, $1,925.69)
45 loans on personal security
Bank building and fixtures (estimated value, $46,000, assessed value, $38,000)
Deposits in national banks or trust companies
Cash and cash items
.
.
.

.

Total Assets

$238,266
216,992
123,506
18,368
29,496
25,406
1
1,311,397
380,856
41,000
42,483
4,717

00
07
95
75
25
50
00
27
25
00
99
56

. $2,432,492 59

Liabilities.
Due depositors on 7,289 accounts, averaging $307.26 each
(Accounts opened during year, 1,312; closed, 1,037; increase, 275)
Surplus: —
a. Guaranty fund {5% of deposits; increase during year, $6,000) .
b. Profit and loss {increase'during year, $13,554)
.
.
Current income: —
a. I n t e r e s t ............................................................... $1,010 25
o- R e n t ...............................................................
26 00

.

.

.

112,000 00
79,520 51

$1,036 25
633 01

Less current expenses not charged off
Suspense account

$2,239,601 69

403 24
967 15

.

Total L ia b ilitie s .......................................... $2,432,492 59

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$3,436.10 $7,015.06
Cost per $1,000 of assets
1.41
2.88
Cost per $1,000 of assets not including State tax and rent .

Gross income received during the year, $115,922.61.


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

Advertising. Other Expenses.
Total.
$259.39
$1,979.47 $12,690 02
.11
.81
5.21
.
.
.
.
.
3 .80

89

BANK COMMISSIONER

No. 8.'

Rates on Investments and Loans (Average on All, 5.22%).
Real estate loans (average rate, 5.63 per cent.): 4%, $4,250; 4M%> $55,000; 5%, $304,170; 5M%>
$8,675; 5M %, $170,875; 6%, $768,427.27.
Personal loans (average rate, 5.58 per cent.): 4M % . $10,000; 4 % % , $112,100; 5%, $78,981.25; 5M % .
$25,000; 5M % , $1,075; 5M%- $60,000; 6%, $12,525; 6M %, $10,000; 7%, $25,000; 7M %.
$15,500; 7M % , $25; 8%, $30,650.
Bonds, stocks, etc. (average rate on amounts invested, 4.18 per cent.): 3%, $48,000; 3M%> $110,800;
3.60%, $2,000; 3M %. $34,000; 3.80%, $9,000; 4%, $290,299; 4M %, $6,800; 4.35%, $3,800;
4M % , $93,900; 5%. $38,600; 6%, $16,700; 7%, $4,500; 8%, $6,050; 10%, $1,000; 12%, $1,200.
Number of loans not over $3,000 each, 619, amounting to $883,027.27.
83 real estate loans made during year, amounting to $201,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 13,668, amounting to
.

.

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

$40,688 08
41,855 85
526,220 91

Number of withdrawals during year, 8,422, amounting to

.

$608,764 84
507,732 69

N et increase in amount due depositors

.

.

.

.

.

.
.

.
■

.
•

-

$101,032 15

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Massachusetts 3s
15.000 Massachusetts 3Ms
1.000 Allegheny, Pa., 3Ms
13.000 Boston 4s
3,800 Brockton 3Ms
4.000 Brockton 4s
1.000 Cedar Rapids, la., 6s
5.000 Cuelsea 4s
15.000 Chicago, 111., 4s
12.000 Flint, Mich., 4Ms
5.000 Grand Rapids, Mich., 4Ms
2.000 New Bedford 4s
5.000 Omaha, Neb., 4Ms
3.000 Portland, Ore., 4s
10.000 Sioux City, la., 4Ms
5.000 So. Norwalk, Ct., 4s
5.000 Yonkers, N. Y., 4Ms
5.000 Abington 4s
500 Hyde Park 4s
1.000 Longmeadow 4s
2,400 Longmeadow 4Ms
Public Funds, Notes.
$2,000 Bernardston 3.60%
4.000 Bourne 4s
3.500 Dighton 4Ms
25.000 Franklin 3%s
4,299 Hull 4s
1,700 Methuen 4s
1.000 Revere 3Ms
9.000 Revere 3Ms
7.500 Revere 4s

Par Value.
$10,000 Revere 6s
9.000 Royalstcn 3.80%
8.000 Sandwich 4Ms
2.000 Salisbury 4s
1.500 Saugus 4s
3,300 Westport 4Ms
3,800 Winthrop 4.35%
9.500 Blandford (F. D.) 4Vis
Railroad Bonds.
$2,000 Baltimore & Ohio 3Ms
3.000 Boston & Albany 3
10.000 Boston & Albany 4s
5.000 Boston & Albany 5s
5.000 Boston & Maine 3s
2.000 Boston & Maine 3Ms
5.000 Boston & Maine 4s
5.000 Boston & Maine 4Ms
10.000 C., B. & Q. 3Ms
10,300 C., B. & Q. 4s
10.000 Chic. & Northwestern 4s
6.000 Chic. & Northwestern 5s
13.000 Concord & Montreal 4s
10.000 Connecticut River 3Ms
6.000 Fitchburg 4s
23.000 Illinois Central 3s
5.000 Illinois Central 3Ms
5.000 Louisville & Nash. 4s
11.000 Michigan Central 3Ms
5.000 N. Y. C. & H. R. 3Ms
12.000 N. Y., N. H. & H. 3Ms
32.000 N. Y., N. H. & H. 4s
1.000 Old Colony 3Ms

$5,000 Old Colony 4s
4.000 Peoria & Northw. 3Ms
10.000 Portland Terminal Co. 4s
1.000 Providence Terminal Co. 4s
5.000 Upper Coos 4s
5.000 Washington Co. 3Ms
Street Railway Bonds.
$20,000 Boston Elevated 4s
20.000 Boston Elevated 4Ms
25.000 Boston & Northern 4s
4.000 Glouc., Essex & Bev. 5s
3.000 Lowell, Law. & Hav. 5s
17.000 Lynn & Boston 5s
5.000 Springfield 4s
18.000 West End 4s
7.000 West End 4Ms
3.000 Worcester & Clinton 5s
5.000 Worcester Consol. 4Ms
Bank Stocks.
Shs.
6 Boylston Nl. Bk., Boston
25 First Ward Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
12 Second 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
41 Merchants Nl. Bk., Salem
15 Naumkeag Trust Co., Salem

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
No.
Amount.
5,068 $196,272 76
From women
Of $50 and less
. 11,841 $157,477 68
1,705 33
8
From guardians
Over $50, not over $100
961
75,800 83
From rebgious and chari­
Over $100, not over $200
423
65,590 86
5,324 19
86
table corporations .
Over $200, not over $500
288
100,576 86
öU,S85 04
In tru st .
.
.
. 1,382
Over $500, under $1,000
75
53,073 58
72
72,200 00
Of $1,000 or more ,
$264,187
32
6,544
Totals
Totals
. 13,660 $524,719 81
8 transfers, amounting to $1,501.10, riot included in above table.
D ates

of

E xamination , February 5 and 7.


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

90

REPORT OF THE

[Pub. Doc.

CROCKER INSTITUTION FOR SAVINGS, TURNERS FALLS.
40
Incorporated April 3, 1869.

SECOND STREET.

Number of corporators, 45; number of trustees, 17.

J oseph F. B artlett , President.
N orman P. F a r w ell , Treasurer.
C harles R . Stoughton , Clerk of the Corporation.
Board of Trustees: M . B. A llen , J. F. B artlett , E. L. B ar tlett , H. D . B ardw ell , H. B. B arton ,
A. C. B urnham , N. P. F ar w e ll , P orter F ar w ell , W . H. P. G ilmore , E. L. G oddard , G. H.
G oddard , J. A . G unn , H. M . H ar low , J. J. L e a r y , F. H. M ontague , C. R . Stoughton , M.
A . W ar d .
Board of Investment: J. A. G unn , E . L. G oddard , M . B. A llen .
Auditing Committee: M . B. A llen , C. R . Stoughton , W . H. P. G ilm ore .
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 .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
397 loans on real estate (average rate of each, $3,231.79)
84 loans on personal security
Bank building and fixtures (estimated value, $43,000 assessed value, $25,000)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
Total Assets

.

.

.

$179,161
302,999
90,175
35,102
7,500
1,283,024
201,566
41,000
44,440
2,466
.

.

75
05
00
50
00
00
80
00
83
50

$2,187,436 43

Liabilities.
Due depositors on 4,810 accounts, averaging $426.77 each
.
.
.
.
.
(Accounts opened during year, 507; closed, 424: increase, 83)
Surplus: —
a. Guaranty fund (4.92% of deposits; increase during year, $6,000)
.
.
.
h. Profit and loss (increase during year, $2,173.09)
.
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$12,989 91
b. R e n t ...............................................................
431 21
----------------------$13,421 12
Less current expenses not charged off
.
.
.
.
1,945 70
----------------------Total Liabilities

.

.

.

.

.

$2,052,770 62
101,000 00
22,190 39

11,475 42
$2,187,436 43

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$2,996.55
$3,516.58
$400.00
$137.10
$1,218.45
Cost per $1,000 of assets
1.36
1.60
.55
.06
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $101,505.47.


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

Total.
$8,268.68
3.75
2 .2 1

91

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5 per cent.): 5%, $1,283,024.
Personal loans (average rate, 5.28 per cent.): 5%, $86,451.80; 5J^%, $115,115.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3%, $10,000; 3 K % . $69,000;
4%, $362,700; 4 ^ % , $20,000; 4 V2%, $120,700; 5%, $37,500; 7%, $7,500.
Number of loans not over $3,000 each, 411, amounting to $383,420.80.
36 real estate loans made during year, amounting to $53,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 4,028, amounting to

$38,946 28
40,044 16
264,469 78

Number of withdrawals during year, 2,943, amounting to

$343,460 22
290,330 17
$53,130 05

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.

$49,000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
8.000 C„ B. & Q. 3Ks
30.000 C„ B. & Q. 4s
10.000 Chic., R. I. & Pacific 4s
2.000 Conn. & Pass. Rivers 4s
10.000 Concord & Montreal 4s
10.000 Delaware & Hudson Co. 4s
8.000 Fitchburg 4s
12.000 Fitchburg 4J^s
15.000 Fitchburg 5s
10.000 Illinois Central 3s
16.000 Illinois Central
15.000 Illinois Central 4s
5.000 N. Y „ N. H. & H. 3^s
35.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
15.000 Northern Pacific 4)^s
13.000 Old Colony 4s
5.000 Sioux City & Pac. 3Hs
5.000 Upper Coos 4s
10.000 Vermont Valley 4J4s
5.000 Worcester, Nash. & R. 4s

$15,000 California 4s
25.000 Boston 3)4s
5.000 Buffalo, N. Y., 4s
20.000 Cleveland, 0., 4Ks
20.000 Fall River 4s
15.000 Fitchburg 4s
10.000 Los Angeles, Cal., 4)^s
3.000 Lynn 4s
5.000 Minneapolis, Minn., 4s
5.000 Norwalk, Conn., 4s
10.000 San Francisco, Cal., 5s
12.000 Montague 4s
10.000 Peabody Zl/2s

Public Funds, Notes.
$7,700 Gill P/2s
1,500 Gill 5s
15,700 Montague 4s

Street Railway Bonds.
Par Value.
$1C,000 Boston Elevated 4s
40.000 Boston Elevated 4)/2S
10.000 Boston & Northern 4s
1.000 hitchburg & Leominster 4Ms
1.000 Fitchburg & Leominster 5s
10.000 Hoosac Valley 4s
5.000 Old Colony 4s
5.000 West End 4Ms
10.000 Worcester Consol. 4Ms

*

Bank Stocks.
Shs.
75 Crocker Nl. Bk., Turners Falls.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less .
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
3

No.
. 2,814
716
243
164
62
26

Amount.
$58,183 63
49,784 34
36,186 01
56,732 91
36,475 39
26,000 00

. 4,025

$263,362 28

No.
1,288
From women
From guardians
14
From religious and chari32
table corporations .
46
In trust .
.
.
.

Amount.
$84,541 75
374 00

1,380

$95,767 76

Totals

transfers, amounting to $1,107.50, not included in above table.
D ates

of

E xamination


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

and

A u dit , December 28-31 and January 1, 1915.

2,435 86
8,416 15

92

REPO RT OF THE

[Pub. Doc

DANVERS SAVINGS BANK, DANVERS.
13
Incorporated March 20, 1850.

MAPLE STREET.

Number of corporators, 54; number of trustees, 19.

C haeles H. P beston , President.
J. F rank P orter , Treasurer.
A nsel P. T y le r , Clerk of the Corporation.
Board of Trustees: G. C. A bbott , J oshua A rmitage , A . W . B eckford , G. W . C lapp , L. S. C ouch ,
F. J. D e r r y , A lfred H utchinson , J ulius P ea le , C. N . P e r ley , I. D . P ope , J. F. P orter ,
C. H. P reston , A. H. P utnam , L. J. R oss, G. B. Sears , W . E. Smart , H. S. T aple y , A. P.
T y le r , I. M . W oodbury .
Board of Investment: J oshua A rmitage , C. N. P e r ley , I. D. P ope , C. H. P reston , H. S. T a p l e y .
Auditing Committee: J oshua A rmitage , J ulius P ea le , A. H. P utnam , W . E . Smart .
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 2 p .m .; Saturdays, 8 a .m . to 12 M.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
552 loans on real estate (.average of each, $2,971.70) .
.
41 loans on personal security .
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $66,600) .
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.

.
.
.
.

.
.

.
.
.

.
.
.
.

$254,041 95
451,825 20
161,472 75
85,000 00
50,800 00
15,766 83
1,416 33
1,640,379 65
183,034 00
1,100 00
56,609 76
537 56
26,488 89
4,930 44

.

.

$2,933,403 36

.
.

.
.

.
.
.
.
.
.
.
.
.
.

.
.
.

.
.

.
.
.
.
.
.
.
.

.
.
.
.
.

.
.

Total Assets

.
.
.
.
.
.
.
.

.
.

Liabilities.
Due depositors on 6,921 accounts, averaging $384.45 each
.
.
.
.
.
(Accounts opened during year, 817; closed, 576; increase, 24-1)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, SI,944)
•
.
.
b. Profit and loss (increase during year, $28,378.99) .
.
.
.
.
.
Current in com e:—
.
a. Interest .
.
.
.
.
.
.
$11,000 56
b. R e n t ...............................................................
225 00
----------------------$11,225 56
Less current expenses not charged off
.
.
.
:
607 56
-----------------------


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

Total Liabilities

.

.

$2,660,775 77
133,244 00
128,765 59

10,618 00
$2,933,403 36

93

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,109.33 $4,144.50
$400.00
$137.75
$1,441.32
$9,232.90
Cost per $1,000 of assets
1.06
1.41
.14
.05
.49
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.95
Gross income received during the year, $140,616.67.

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.20 per cen t.): 4Lii%. $83,850; 5%, $961,025.22; 5J4%> $4,000; 5J^%,
$447,603; 5M % . $3,500; 6%, $140,201.43; 7%, $200.
Personal loans (average rate, 5.51 per cen t.): 4J^%, $74,500; 5%, $500; 53di%, $26,700; 5% % , $25,000;
6%, $9,334; 6M % . $23,000; 7%, $24,000.
^
Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cent.): 3)^% , $259,000; 4%, $570,000;
4 ^ % , $148,000; 5%, $27,500; 5}4% , $25,000; 6 ^ % , $2,100; 7%, $1,000; 8%, $800; 10%, $1,000.
Number of loans not over $3,000 each, 436, amounting to $581,207.45.
90 real estate loans made during year, amounting to $237,690.34.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 5,377, amounting to

$50,306 03
51,146 43
364,907 12

Number of withdrawals during year, 4,576, amounting to

$466,359 58
386,753 58
$79,606 00

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 California 4s
62.000 Boston 4s
15.000 Fall River 4s
50.000 Los Angeles, Cal., 4Lès
25.000 Omaha, Neb., 4}4is
10.000 Portland, Ore., 4s
12.000 Quincy 4s
10.000 San Francisco, Cal., 5s
10.000 Seattle, Wash., 4Lès
3,000 Danvers 3Lès
10.000 Danvers 4s
13.000 Saugus 4Lès
Public Funds, Notes.
$25,000 Lowell 5Lès

Railroad Bonds.
Par Value.
$10,000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
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 3Lès
10.000 Fitchburg 4s
56.000 Illinois Central 3Lès
25.000 N. Y., N. H. & H. 3Lès
45.000 N. Y., N. H. & H. 4s
15.000 Northern Pacific 4Lès
15.000 Penobscot Shore Line 4s
25.000 Upper Coos 4Lès
40.000 Washington Co. 3Lès
15.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$115,000 Boston Elevated 4s
25.000 Boston & Northern 4s
15.000 West End 4s
10.000 West End 4Lès
Bank Stocks.
Shs.
10 Beverly National Bank
10 Merchants Nl. Bk., Boston
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
51 Asiatic NL Bk., Salem
7 First Nl. Bk., Salem

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,162
426
226
189
54
79

Amount.
$52,732 66
34,558 82
34,780 66
66,823 19
39,536 69
80,000 00

. 5,136

$308,432 02

No.
2,422
From women
10
From guardians
From religious and chari­
68
table corporations .
228
In trust .
.
.
.

Amount.
$142,103 56
5,244 37

2,728

$181,517 17

Totals

241 transfers, amounting to $56,475.10, not included in above table.
D ates

of

E xam ination , M ay 13-15 inclusive.


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

4,712 95
29,456 29

94

REPO RT OF THE

[Pub. Doc.

DEDHAM INSTITUTION FOR SAVINGS, DEDHAM.
603 HIGH STREET.
Incorporated March 19, 1831.

Number of corporators, 63; number of trustees, 15.

C lifton P. B a k e r , President.
J oseph H. Soliday , Treasurer.
C ornelius A. T a f t , Clerk of the Corporation.
Board of Trustees: C. P. B a k e r , J. H. B urdakin , S. H. C a pe n , F. D . E l y , A. H. H odgdon , H. D .
H um phrey , R . W . R edman , F. J. Stimson , C. A. T a f t , J. H. T uttle , W . H. W a d e , J. L. W a k e ­
field , W inslow W a r r e n , S. M . W eld , W . C. W illiams .
Board of Investment: C. P. B a k e r , W inslow W a r ren , J. H. B urdakin , S. H. C ape n , R . W . R edman .
Auditing Committee: F. D . E l y , C. A . T a f t , A. H. H odgdon .
Deposits draw interest from first day of February, M ay, August and Novem ber; 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
569 loans on real estate (average of each, $2,748-41)
.
.
.
.
47 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $45,000; assessed value, $63,200)
Deposits in national banks or trust companies
.
.
.
.
.

$560,597
1,148,081
367,263
85,195
7,500
39,757
1,563,844
1,364,925
35,000
71,537

50
35
75
00
00
92
00
00
00
92

Total A s s e t s .......................................... $5,243,702 44

Liabilities.
Due depositors on 11,845 accounts, averaging $403.83 each
{Accounts opened during year, 1,138; closed, 702; increase, 436)
Surplus: —•
a. Guaranty fund (4-99% of deposits; increase during year, $7,382.54)
b. Profit and loss {increase during year, $13,078.64) •
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

$4,783,337 56
238,579 06
107,445 60
114,340 22

.

.

$5,243,702 44

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$15,259.28
$8,326.00
$1,000.00
$1,437.93 $26,023.21
C ost per $1,000 of assets
2.91
1.59
.19
.27
4 .96
C ost per $1,000 of assets not including State tax and rent .
1.86
Cross income received during the year, $236,691.61.


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

No.

BANK COMMISSIONER

95

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 5.11 per cent.): 5%, $1,266,444; 5(^% , $243,250; 6%, $54,150.
Personal loans (average rate, 5.21 per cent.): 4M % . $195,000; 4 ^ % , $30,000; 4J^%, $245,000; 4% % ,
$40,000; 4M % , $50,000; 5%, $94,925; 5M %, $50,000; 5}4% , $280,000; 6%, $240,000 ; 6 ^ % ,
$140,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cent.): 3}4% , $483,000; 3M % . $2,000;
4%, $1,405,100; 4 )^% , $269,000; 4 % % . $2,200; 4.95%, $50,000; 5%, $35,000; 6%, $7,500.
Number of loans not over $3,000 each, 423, amounting to $749,530.
81 real estate loans made during year, amounting to $193,750.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2 %
Number of deposits during year, 9,444, amounting to
.

.

Number of withdrawals during year, 7,456, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$89,483 68
91,467 51
591,024 04

.

$771,975 23
651,364 21

.

$120,611 02

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
1$80^000 Boston SV2s
25.000 Boston 4s
38.000 Bridgeport, Ct., 4s
55.000 Chicago, 111., 4s
10.000 Dayton, 0., 4s
24.000 Fall River 3J^s
12.000 Indianapolis, Ind., 4s
25.000 Kansas City, Mo., 4)^s
35.000 Lynn 4s
20.000 Melrose 4s
10.000 Newton 3p£s
45.000 Newton 4s
38.000 Norwalk, Gt., 4s
25.000 Scranton, Pa., 4}^s
22.000 Dedham 4s
25.000 Methuen 4s
15.000 Peabody 4s
Public Funds, Notes.
$1,850 Dedham 4s
1.000 Dedham 4J^s
50.000 Dedham 4.95%
2,200 Millis 4%s
2.000 Westwood 3%s

Railroad Bonds.
Par Value.
$100,000 Baltimore & Ohio 3)^s
50.000 Boston & Albany 3p^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 4)^s
25.000 Boston, R. B. & L. 4Ms
30.000 C., B. & Q. 4s
26.000 Chic., Mil. & St. Paul 4V£s
100.000 Chic. & North. 4s
40.000 Delaware & Hudson Co. 4s
65.000 Fitchburg 4s
15.000 Fitchburg 4)^s
85.000 Illinois Central 3Hs
50.000 N. Y. C. & H. R. 3V2s
20.000 N. Y „ N. H. & H. 3J^s
160.000 N. Y „ N. H. & H. 4s
30.000 Norwich & Worcester 4s
25.000 Old Colony 3^£s
99.000 Old Colony 4s
15.000 P., Gt. Falls & C. 4^s
25.000 Washington Co. 3)^s
28.000 Wore., Nash. & R. 4s

Street Railway Bonds.
Par Value.
$100,000 Boston Elevated 4s
67.000 Boston Elevated 4Hs
15.000 Boston Elevated 5s
50.000 Boston & Northern 4s
30.000 Old Colony 4s
70.000 West End 4s
25.000 West End 4)^s
20.000 West End 5s

Bank Stocks.
Shs.
75 Nl. Bk. of Commerce, Boston
75 Dedham Nl. Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 7,411
.
999
.
448
.
350
122
79

Amount.
$130,480 48
80,764 89
68,495 57
123,862 60
88,554 72
79,016 50

. 9,409

$571,174 76

No.
4,199
From women
From guardians
19
From religious and chari155
table corporations .
1,192
In trust .
.
.
.

Amount.
$252,743 14
4,630 75

5,565

$305,523 02

Totals

35 transfers, amounting to $19,849.28, not included in above table.

D ates of E xamination, January 5 and 6.


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

16,926 57
31,222 56

REPORT OF THE

96

[Pub. Doc.

DORCHESTER SAVINGS BANK, BOSTON.
586 COLUMBIA ROAD (DORCHESTER DISTRICT).
Incorporated April 16, 1894.

Number of corporators, 32; number of trustees, 16.

F rederick L. W alker , President.
G eorge W. B radford, Treasurer.
F rank M. W hitman, Clerk of the Corporation.
Board of Trustees: W. H. A bbott, F. W. A rcher , G. W. B radford, H. W. B urke, G. E. F rost,
J. L. G oss, N. C. H arrison, L. J. L ogan, J ohn M orton, W. H. R obey , L. C. Southard, A. H.
Stearns, F. L. W alker, F. M. W hitman, W. W. W hitmarsh, E. S. W oodbury.
Board of Investment: F. L. W alker , W . H. R obey, H . W . B urke , A . H . Stearns, N . C. Harrison.
Auditing Committee: J. L. G oss, W. H. R obey, E . S. W oodbury.
Deposits draw interest from second W ednesday 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.

STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
311 loans on real estate (.average of each, $3,199.16) .
39 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.

.
.
.
.

.
.
.
.

.

.

.
.

.

.
.
.
.
.

.

.
.

.

.

.

.
.
.
.
.
.

.

.

.
.
.
.
.

.

.

.

$80,899
126,616
34,791
9,012
994,941
2,59,745
42,751
4,129

.
.
.

10
40
25
50
00
20
00
02

Total A s s e t s .......................................... $1,552,785 47

Liabilities.
Due depositors on 7,901 accounts, averaging $189.08 each
.
.
.
.
.
(Accounts opened during year, 1,817; closed, 987; increase, 880)
Surplus: —
a. Guaranty fund (1.75% of deposits; increase during year, S3,701.94) ■
.
.
b. Profit and loss (increase during year, $7,350.09)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$5,202 18
Less current expenses not charged off
.
.
.
.
189 81
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$1,493,963 49
26,189 01
27,027 23

5,012 37
593 37
$1,552,785 47

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$1,945.58 $3,992.50
$540.00
$395.30
$1,265.44
Cost per $1,000 of assets
1.25
2 .57
.35
.25
.81
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $72,520.95.


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

Total.
$8,138.82
5.23
3.63

BANK COMMISSIONER.

No.

97

Rates on Investments and Loans (Average on All, 5.04%).
Real estate loans (average rate, 5.27 per cent.): 5%, $684,500; 5M%> $86,700; 6%, $223,741.
Personal loans (average rate, 5.30 per cent.): 4%%, $127,000; 5%, $50,000; 5M%, $20,500; 6%,

$32,145.20; 7%, $10,000; 7%0%, $20,000; 7M%, $100.

Bonds, stocks, etc. (average rate on amounts invested, 3.90 per cent.): 3%, $15,000; 314%, $118,800;

4%, $82,000; 4M%. $8,153; 4M%, $15,375; 5%, $6,000; 5.65%, $10,000.

Number of loans not over $3,000 each, 201, amounting to $380,191.
49 real estate loans made during year, amounting to $165,050.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 12,635, amounting to

$25,841 05
27,475 35
470,414 11

Number of withdrawals during year, 7,708, amounting to

$523,730 51
412,537 10

Net ncrease in amount due depositors

.

.

.

.

.

$111,193 41

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$3,000 Massachusetts 3Ms
10.000 Boston 3Ms
5.000 Brockton 3Mis
10.000 Chelsea 3Mis
5.000 New London, Ct., 3Ms
800 Quincy 3Ms
3.000 Wilkes Barre, Pa., 3Ms
10.000 Hyde Park 4s
11.000 West Rutland, Vt., 3Ms
Public Funds, Notes.
$8,153 Revere 4Ms
3,375 Revere 4Ms
10,000 Winthrop 5.65%

Railroad Bonds.
$8,000 Baltimore & Ohio 3Ms
3.000 Boston & Albany 3Ms
6 000 Boston & Albany 4s
1.000 Boston & Lowell 4s
5.000 Boston & Maine 3s
4.000 Boston & Maine 3Ms
10.000 Boston & Maine 4s
2.000 Bridgeton & Saco River 4s
15.000 C., B. & Q. 3Ms
5.000 Chic. & Northwestern 3Ms
1.000 Conn & Pass. Rivers 4s
3.000 Dexter & Piscataquis 4s
6.000 Fitchburg 3Ms
5.000 Fitchburg 4s
10.000 Illinois Central 3s

Par Value.
$15,000 Illinois Central 3Ms
10.000 N. Y., N. H. & H. 3Ms
12.000 N. Y., N .H . &H. 4s
1.000 Old Colony 4s
2.000 P „ Gt. Falls & Con. 4Ms
2.000 Portland & R. Falls 4s
5.000 Washington Co. 3Ms
Street Railway Bonds.
$13,000 Boston Elevated 4s
5.000 Boston & Northern 4s
1.000 Wakefield & Stoneham 5s
1.000 West End 4s
5.000 Worcester Consol. 5s
10,000 Worcester & Southbridge 4Ms

Classification of Deposits received during the Year ending October 31, 1914.
No.
. 10,894
Of $50 and less
981
Over $50, not over $100
404
Over $100, not over $200
237
Over $200, not over $500
Over $500, under $1,000
68
51
Of $1,000 or more .

Amount.
$152,309 98
77,440 49
60,756 35
80,671 06
48,029 34
51,206 89

. 12,635

$470,414 11

Totals

Totals

D ates op E xamination, March 26, 27.


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

No.
From women
6,645
From guardians
20
From religious and charitable corporations .
132
In trust .
.
.
.
1,023
7,820

Amount.
$181,767 00
1,622 55
6,147 20
43,661 38
$233,198 13

[Pub. Doc,

REPO RT OF TH E

98

EAST BOSTON SAVINGS BANK, BOSTON.
10 M ERIDIAN STREET
Incorporated April 26, 1848.

(EAST BOSTON DISTRICT).

Number of corporators, 42; number of trustees, 25.

A insley R . H ooper , President.
A lvin P. J ohnson , Treasurer.
R alph A . H ooper , Clerk of the Corporation.
Board o f Trustees: F. E. B urnham , T homas C opeland , O. G. E aton , G. H. G ib b y , R . J. G ove , W .
* H. G ra inger , F. P. G u r ney , H ar ry H amilton , J. F. H odge , A . R . H ooper , A . P. J ohnson ,
E . D . L eighton , G . H. L ib b y , J. E . L ynch , J. T . M anson , W illiam M cK ie , W . A . M orrison ,
F reeman N ickerson , R ichard P igeon , G. M . P orter , E. P. R obinson , G. M . Stalk er , A . M .
W alcott , J. A. W ebster , F. A . W oodbury .
Board of Investment: J. E . L ynch , G. M . P orter , W illiam M cK ie , H arry H am ilton , A . R . H ooper ,
E . D . L eighton , R . J. G ove .
Auditing Committee: R . J. G ove , F. P. G u r ney , G. M . Stalk er .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable after the third Wednesday 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
1,502 loans on real estate (average of each, $2,523.43)
.
.
.
.
19 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $113,700) .
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.

.

.
.

$1,108,474 10
853,875 00
208,000 00
156,900 00
1 00
3,790,195 00
432,200 00
98,654 60
327 87
175,125 17
10,601 35

Total A s s e t s .......................................... $6,834,354 09

Liabilities.
Due depositors on 17,975 accounts, averaging $345.58 each
.
.
.
.
.
(Accounts opened during year, 2,301; closed, 1,596; increase, 605)
Surplus: —
a. Guaranty fund (4.96% of deposits; increase during year, $11,003.21)
.
.
b. Profit and loss (increase during year, $20,480.79) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$38,196 08
Less current expenses not charged off
.
.
.
.
983 45
-----------------------

$6,211,785 15
307,990 22
277,366 09

37,212 63

Total L ia b i lit i e s .......................................... $6,834,354 09

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$7,383.79 $15,170.30 $2,662.50
$391.65
$3,380.42
$28,988.66
Cost per $1,000 of assets
1.08
2 .22
.39
.06
.49
4 .2 4
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .7 7
Gross income received during the year, $316,847.73.


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

BANK COMMISSIONER

No. 8.]

99

Rates on Investments and Loans (Average on All, 4.89%).
Real estate loans (average rate, 5.02 per cent.): 4J^%, $99,800; 5%, $3,521,095; o rA % , $107,600;
6%, $61,700.
Personal loans (average rate, 4.99 per cent.): 4 }£% , $125,000; 4J^%, $175,000; 5%, $4,000; 6%,
$53,200; 6A % , $50,000; 7%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.68 per cent.): 3J^%, $135,000; 3.72%, $10,000;
3.95%, $10,000; 4%, $1,017,733.80; 4J^%, $465,000; 5%, $488,000: 5 ^ % . $10,000; 6%, $38,000;
7%, $6,700; 8%, $94,200; 10%, $8,000; 12%, $48,000.
Number of loans not over $3,000 each, 1,181, amounting to $2,115,645.
125 real estate loans made during year, amounting to $355,750.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits dining year, 22,004, amounting to

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

Number of withdrawals during year, 17,668, amounting to

.

N et increase in amount due depositors

.

.

.

.

.
.

.
.

$1,410,652 74
1,190,593 04

.
.

$112,800 55
115,332 19
1,212,520 00

.

$250,059 70

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$75,000 Massachusetts 4s
16.000 Akron, 0., 4)^8
20.000 Beverly 4s
125,000 Boston 4s
15.000 Bristol, Conn., 4)^>s
14.000 Brockton 4s
10.000 Canton, 0., 5}/£s
10.000 Chelsea 4s
25.000 Chicago, 111., 4s
9,000 Chicopee 4p£s
50.000 Cleveland, 0., 5s
15.000 Dayton, O., 5s
25.000 Duluth, Minn., 4Ms
25.000 Fall River 4s
13.000 Flint, Mich., 4J^s
25.000 Grand Rapids, Mich., 4J4s
24.000 Holyoke 4s
20.000 Indianapolis, Ind., 4s
38.000 Lynn 4s
20.000 Milwaukee, Wis., 4)^s
50.000 Minneapolis, Minn., 4s
25.000 New Bedford 4s
10.000 Newton 4s
42.000 Omaha, Neb., iA s
20.000 Providence, R. I., 4s
15.000 Quincy 4s
30.000 San Francisco, Cal., 5s
25.000 Seattle, Wash., 4^s
20.000 Springfield 4s
21.000 Springfield, O., 4A s
17.000 Springfield, 0., 5s
30.000 St. Paul, Minn., 4)^s
25.000 Toledo, 0., 4As

P$10J)00 Agawam 4s
25.000 Attleborough 4s
10.000 Easthampton 4s
36.000 Falmouth 4s
18.000 Mattapoisett 4s
25.000 Norwood 4s
25.000 Stamford, Conn., 4p£s
10.000 Swampscott 4s
13,583 Winthrop 4s
Public Funds, Notes.
$10,000 Chelsea 3.95%
10.000 Winthrop 3As
10.000 Winthrop 3.72%
4,150 Winthrop 4s
Railroad Bonds.
$20,000 Bangor & Aroostook 5s
50.000 Boston & Albany 3)^s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4p£s
20.000 Central R.R. of N. J. 5s
15.000 C., B. & Q. 4s
27.000 C., B. & Q. 5s
50.000 Chic., Mil. & St. P. 5s
25.000 Chic. & Northwestern 4s
24.000 Chic. & Northwestern 5s
25.000 Cleveland & Pitts. 3As
31.000 Cleveland & Pitts. 4A$
25.000 Conn. River 3pás
25.000 Fitchburg 4As
25.000 Fre., Elkhorn & M. V. 6s
25.000 Housatonic 5s

Par Value.
$25,000 Kal'., Alle. & G. Rap. 5s
50.000 Mich. Cen.-Det. & B. C. 5s
50.000 Mil., L. S. & W. 5s
13.000 Mil., L. S. & W. 6s
25.000 New England 5s
25.000 N. Y., N. H. & H. 3^s
85.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
50.000 Old Colony 4s
25.000 Portland & Ogdens. 4J^s
5,000 Ports., Gt. F. & Con. 4A s
25.000 St. Johns & L. Champ. 5s
25.000 Vermont Valley 4Aß
Street Railway Bonds.
$75,000 Boston Elevated 4s
38.000 Boston Elevated 4As
20.000 Lynn & Boston 5s
25.000 Springfield 4s
50.000 West End 4s
Bank Stocks.
Shs.
20 Commercial Nl. Bk., Boston
375 First Nl. Bk.. Boston
150 First Ward Nl. Bk., Boston
67 Fourth-Atlantic Nl. Bk., Boston
80 Merchants Nl. Bk., Boston
170 Nl. Bk. of Commerce, Boston
757 Nl. Shawmut Bk., Boston
15 Nl. Union Bk.. Boston
105 Second Nl. Bk., Boston
120 State Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
No.
Of $50 and less
. 17,665
Over $50, not over $100 . 2,321
Over $100, not over $200 . 1,011
Over $200, not over $500
618
Over $500, under $1,000
233
O f $1,000 or more .
156
Totals
D ates

Amount.
$326,634 00
187,045 00
156,213 00
216,702 00
169,326 00
156,600 00

22,004 $1,212,520 00

of

E xamination


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

and

From women .
From guardians
From religious and charitable corporations
From labor unions .
In trust .
.
.
.
Totals

A u d it , March 3-10 inclusive.

No.
9,148
19

Amount.
$504,529 00
4,629 00

27
9
2,359

3,467 00
1,408 00
130,321 00

11,562

$644,354 00

100

REPORT OF THE

[Pub. Doc,

EAST BRIDGEWATER SAVINGS BANK, EAST BRIDGEWATER.
BEDFORD STREET.
Incorporated March 8, 1870.

Number of corporators, 42; number of trustees, 18.

C larence A . C handler , President.
C harles F. M a n n , Treasurer.
E dward S. W hitmarsh , Clerk of the Corporation.
Board of Trustees: C. W . B row n e , G. A. B urrell , C. A. C handler , D . C. F rench , F. E . F uller ,
R . O. H ar ris , S. A. K e ith , A. L. L eland , C. F. M a n n , E . T . M orse , C. L. N u tter , R. W .
N uttör , T. H. P er kin s , G. A. R oot, S. E. R yde r , E . N. W ar d , C. W . W aterm an , E. S.
W hitmarsh .
Board of Investment: E . N. W ar d , E. S. W hitmarsh , R . W . N u tter , C. W . W aterm an , E. T . M o rse .
Auditing Committee: C. A . C handler , S. E. R yd e r , F. E. F u ller .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
387 loans on real estate (average of each, $8,183.71) .
Less amount due on uncompleted loans .
.
.

.
.

.
.

.
.

.
.
.

.
.
.

.
.
.

.
.

.
.

.
.

.
.

$122,596
297,975
98,778
34,845
29,324
21,103

25
00
25
00
00
75

1,208,875
404,023
10,000
33,987
3,231

49
42
00
03
04

.

.

.
.

.

47 loans on personal security
Bank building and fixtures (estimated value, $10,000,
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

.
.
.
.
.
.
.
.
.
$1,213,875 49
5,000 00

.

value, $8,500)

.

.

.

.

.

$2,264,739 23

Liabilities.
Due depositors on 4,065 accounts, averaging $501.75 each
.
.
.
.
.
(Accounts opened during year, 579; closed, 868; increase, 817)
Surplus: —
a. Guaranty fund (4.90% of deposits; increase during year, $7,405.86) .
.
.
h. Profit and loss (increase during year, $4,783.68)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
$41,355 39
Less current expenses not charged off
.
.
.
.
2,178 67
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$2,039,605 47
100,000 00
84,061 19

39,176 72
1,895 85
$2,264,739 23

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$3,414.39
$4,391.33
$500.00
$85.05
$1,132.59
Cost per $1,000 of assets
1.51
1.94
.22
.04
.50
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $110,829.37.


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

Total.
$9,523.36
4.21
2.48

No. 8.

101

BANK COMMISSIONER.

Rates on Investments and Loans (Average on All, 5.11%).
Real estate loans (average rate, 5.35 per cent.): 5%, $539,813.24; 5J^%, $497,050; 6%, $172,012.25.
Personal loans (average rate, 5.68 per cent.): 4%, $10,000; 4b£%, $84,000 ; 4M%> $23,500; 5%,
$15,250; 5 ^ % , $72,000; 5% % , $25,000; 6%, $39,273.42; &V2%, $60,000; 7%, $75,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3}4% , $95,000; 3M % , $15,000;
4%, $281,750; 4>^%, $106,000; 5%, $74,640; 6%, $13,700; 7%, $7,500; 8%, $4,500; 10%,
$600; 12%, $3,000.
Number of loans not over $3,000 each, 246, amounting to $294,760.67.
57 real estate loans made during year, amounting to $185,510.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2 }4%
.
.
.
.
.
July, 1914, 2 M % ..........................................
Number of deposits during year, 2,738, amounting to
.
.
.
.
.

Number of withdrawals during year, 2,501, amounting to
Net increase in amount due depositors

.

.

.
.

.

.

.

.
.

$41,112 50
43,175 30
323,903 25
$408,191 05
239,331 81

.
.

.

$168,859 24

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.

$10,000 Baltimore & Ohio 3J^s
20.000 Boston & Albany 5s
25.000 Boston & Maine 4)^s
25.000 C., B. & Q. 3}ia
30.000 C., B. & Q. 4s
10.000 C., Mil. & St. Paul 4s
25.000 Chic. & Northwestern 4s
5.000 Fitchburg 4s
6.000 Fitchburg 4Hs
25.000 Fitchburg 5s
10.000 Illinois Central 3p2S
12.000 Louisville & Nashville 5s
35.000 N. Y., N. H. & H. 3bés
45.000 N. Y. N. H. & H. 4s
15.000 Old Colony 4s
10.000 Penobscot Shore Line 4s

$10,000 California 4s
15.000 Boston
10.000 Boston 4s
15.000 Chelsea 4s
5,000 Des Moines, la., 4s
25.000 Duluth, Minn., 4)^s
10.000 Minneapolis, Minn., 4s
15.000 San Francisco, Cal., 5s

Public Funds, Notes.
$1,000 East Bridgewater 4s
2,640 East Bridgewater 5s
15,000 Lexington 3%s

Street Railway Bonds.
$5,000 Boston Elevated 4s
50.000 Boston Elevated 4J^s
10.000 Boston & Northern 4s
35.000 West End 4s
Bank Stocks.
Shs.
30 First Nl. Bk., Boston
75 Fourth-Atlantic Nl. Bk., Boston
6 Merchants Nl. Bk., Boston
24 State Nl. Bk., Boston
25 State Street Tr. Co., Boston
20 Webster & Atlas Nl. Bk., Boston
75 Brockton Nl. Bank
62 Home Nl. Bk., Brockton

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 1,858
.
322
176
175
87
85

Amount.
$29,651 93
27,261 66
27,138 57
68,102 35
64,456 85
92,503 67

. 2,703

$309,115 03

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

35 transfers, amounting to $14,788.22, not included in above table.
D ates

of

E xamination


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

and

A udit , October 28-31 inclusive.

No.
464
2

Amount.
$126,190 56
1,073 76

9
315

7,287 67
34,532 02

790

$169,084 01

102

REPORT OF THE

[Pub. Doc.

EAST CAMBRIDGE SAVINGS BANK, CAMBRIDGE.
292 CAMBRIDGE STREET (EAST CAM BRIDGE).
Incorporated April 29, 1854.

Number of corporators, 39; number of trustees, 18.

G ustavus G oepper , President.
W illiam E . L loyd , Treasurer.
R ichard S. H a ll , Clerk of the Corporation.
Board of Trustees: C. W . D a ile y , G. W . D earborn , J. G. F erguson , G ustavus G oepper , W . F.
G oepper , A . H. G raustein , A . F. H ar low , M . J. H ar ty , F. W . H astings , G. H. L aw rence ,
W . E. L loyd , F. H . M arshall , D . C. P roudfoot , W . F. R oss, C. H. Sloan , W . P. Sutton ,
F. B. W h eeler , H. E . W orcester .
Board of Investment:

G ustavus G oepper , D . C. P roudfoot , C. W . D aile y , F. B. W h e e i .e r ,
J. G . F erguson .

Auditing Committee: F. B. W h eeler , M . J. H a r t y , W . F. G oepper .
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 . t o lp .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, 1914.

Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
1,440 loans on real estate (average of each, $2,640.09)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$3,806,290 00
.
.
.
4.559 42
----------------------53 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $30,000; assessed value, $37,400)
.
.
Real estate by foreclosure, etc. (assessed value, $24,400) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.

8553,750
621,444
153,350
96,093
34,750
6,040

00
86
00
75
00
92

3,801,730 58
783,755 00
15,000 00
13,996 36
432 76
81,119 52
12,293 26

Total A s s e t s .......................................... $6,173,757 01

Liabilities,
Due depositors on 12,661 accounts, averaging $443.06 each
.
.
.
.
.
(Accounts opened during year, 2,092; closed, 2,405; decrease, 313)
Surplus: —
а. Guaranty fund (5.01% of deposits; increase during year, $6,953.07) .
.
.
б. Profit and loss (decrease during year, $2,988.32)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$2,671 22
Less current expenses not charged off
.
.
.
.
2,121 43
---------------------

$5,609,681 78
281,089 70
282,435 74

549 79

Total L ia b i lit i e s .......................................... $6,173,757 01

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
$4,345.19
$27,396.32
Amount paid for
$5,934.07 $14,742.43 $2,000.00
$374.63
.70
4.43
Cost per $1,000 of assets
.96
2 .39
.32
.06
3.15
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $297,567.98.


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

103

BAN K COMMISSIONER.

No. 8.

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.01 per cent.): 5%, $3,722,030.58; 5M%i $59,550; 6%. $20,150.
Personal loans (average rate, 4.85 per cent.): 4M % . $286,000; 4M%. $35,000; 4M%> $145,000; 4M%.
$25,000; 5%, $170,955; 5M % , $50,000; 5M % . $35,300; 6%, $23,150; 7%, $13,350.
Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3-46%,, $10,000; 3.49%,n$5,000,
314%, $210,000; SH % , $3,000; 4%, $628,550; 4M % . $3,000; 4M % , $309,250 ; 5%, $209,000;
6%, $77,600; 8%, $10,400; 10%, $5,000; 12%, $13,100; 14%, $3,300.
Number of loans not over $3,000 each, 1,000, amounting to $1,695,795.
98 real estate loans made during year, amounting to $244,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 214%
Oct., 1914, 2M %
Number of deposits during year, 18,043, amounting to

•

Number of withdrawals during year, 13,106, amounting to

.

Net increase in amount due depositors

.

.

.

.

$118,770 84
119,441 49
1,029,254 38

.

.

.

$1,267,466 71
1,172,641 01

.

.

.

.

$94,825 70

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$75,000 Massachusetts 3Ms
20.000 Boston 3Ms
72.000 Boston 4s
25.000 Cambridge 3Ms
11.000 Duluth, Minn., 4Ms
25.000 Lawrence 4s
45.000 Los Angeles, Cal., 4Ms
7,500 Lowell 4s
22,500 Milwaukee, Wis., 4Ms
114,000 New Bedford 4s
25.000 Newark, N. J., 4Ms
20.000 Somerville 4s
5,000 San Francisco, Cal., 5s
15.000 Worcester 4s
27.000 Chelmsford 4Ms
15,750 Hull 4Ms
Public Funds, Notes.
$6,000 West Springfield 4Ms
2.000 Pittsfield 4s
3.000 New Salem 3Ms

Par Value.
$20,000 Pitts., McKees. & Yough. 6s
25.000 Portland Terminal Co. 4s
2.000 P., Gt. Falls & Ccn. 4Ms
10.000 Rome, Water. & Ogdens. 5s

P$5r,000 PÍainville 3.49%
3,000 Templeton 4Ms
10,000 Webster 3.46%
Railroad Bonds.
$15,000 Boston & Albany 3Ms
70.000 Boston & Albany 4s
25.000 Boston & Albany 5s
25.000 Boston & Maine 3Ms
40.000 Boston & Maine 4Ms
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 3Ms
25.000 Fitchburg 4s
27.000 Fre., Elk. & Mo. Val. 6s
25.000 Illinois Central 3Ms
50.000 Louisville & Nashville 5s
10.000 Mil., L. S. & Western 5s
6.000 Montana Central 6s
30.000 N. Y., N. H. & H. 4s
75.000 No. Maine Seaport 5s

Street Railway Bonds.
$115,000 Boston Elevated 4Ms
15.000 Boston & Northern 4s
25.000 West End 5s
Bank Stocks.
Shs.
12 Eliot Nl. Bk., Boston
50 First Ward Nl. Bk., Boston
67 Nl. Bk. of Commerce, Boston
58 Nl. Bk. of the Republic, Boston
54 Nl. Union Bk., Boston
50 Webster & Atlas Nl. Bk., Boston
25 Charles River Tr. Co., Cambridge
106 Lechmere Nl. Bk., Cambridge
33 Concord National Bank
11 Fall River National Bank
35 First Nl. Bk., Marlborough

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more .
Totals

No.
14,296
2,038
738
459
152
123

Amount.
$248,878 08
164,735 23
111,973 75
158,930 74
110,590 07
127,339 04

17,806

$922,446 91

No.
. 8,403
From women
20
From guardians
From religious and chari46
table corporations
.
226
In trust .
Totals

237 transfers, amounting to $106,807.47, not included in above table.
D ates

of

E xam ination , February 9-11 inclusive.


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

.

. 8,695

Amount.
$482,524 73
2,506 33
6,824 61
39,303 82
$531,159 49

104

REPO RT OF THE

[Pub. Doc.

EASTHAMPTON SAVINGS BANK, EASTHAMPTON.
105 M AIN STREET.
Incorporated February 10, 1869.

Number of corporators, 43; number of trustees, 24.

G eorge B. N oble , President.
C harles H . J ohnson , Treasurer.
F rederick E . J udd , Clerk of the Corporation.
Board o f Trustees: G eorge A still , G. A . A y e r , C. A . B uffum , J. J. B u r ke , G. S. C olton , G.
C ook , J ohn C ullen , W . H. E dw ards , F. E . J udd , J. N. L ym an , H . L. M an sfield , A.
M ontague , F. P. N e w k ir k , G. B. N oble , H. L. P arsons , F. W . P itcher , W . L. P itcher ,
H. P omeroy , J. E . P o rter , R . M . Sm ith , H . O. Strong , H. M . T aylor , J ohn W a n a t , W .
W right .
Board of Investment: G. B. N oble , F. P. N e w k ir k , J ohn C ullen .
Auditing Committee: J. N. L yman , H. L. M an sfield , F. E . J udd .
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, 1914.
A ssets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
593 loans on real estate (average of each, $1,975.09)
Less amount due on uncompleted loans .

11,172,329 41
1,100 00

153 loans on personal security
Furniture and fixtures .
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

$79,485
183,663
80,955
34,881
109,653

00
33
00
25
34

1,171,229
259,525
1,600
40,013
5,413

41
03
00
57
62

Total A s s e t s .......................................... $1,966,419 55

Liabilities.
Due depositors on 4,962 accounts, averaging $371.94 each
.
.
.
.
.
(.Accounts opened during year, 810; closed, 614; increase, 196)
Surplus: —
a. Guaranty fund (4.71% of deposits; increase during year, $8,000)
.
.
.
h. Profit and loss (increase during year, $4<4S1.36)
.
.
.
.
.
.
Current income: —
Interest
............................................................................................... $7,353 32
Less current expenses not charged off
.
.
.
.
1,843 46
-----------------------

$1,845,608 64
87,000 00
28,301 05

5,509 86

Total L ia b ilit ie s ...........................................$1,966,419 55

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$2,370.51
$4,504.56
$450.00
$417.45
$2,322.88
$10,065.40
Cost per $1,000 of assets
1.20
2.29
.23
.21
5.11
1.18
Cost per $1,000 of assets not including State tax and rent .
3 .68
Gross income received during the year, $95,150.82.


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

105

BAN K COMMISSIONER.

No. 8:

Rates on Investments and Loans (Average on All, 5.04%).
Real estate loans (average rate, 5.09 per cent.): 5%, $923,299.91; 5M%> $147,650; 5J^%, $66,094.50;
6%, $34,185.
Personal loans (average rate, 5.76 per cent.); 5%, $54,960.18; 5)^% , $17,450; 6%, $186,414.85; 7%,
$700.
Bonds, stocks, etc. (average rate on amounts invested, 4.55 per cent.): 3%, $14,000; 3J^%, $55,000;
4%, $169,000; 4 M % , #5,000; 4y2% , $46,000; 5%, $128,800; 6%, $20,400; 7%, $11,000; 8%,
$30,000.
Number of loans not over $3,000 each, 642, amounting to $734,951.97.
82 real estate loans made during year, amounting to $120,875.56.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2
July, 1914, 2
Number of deposits during year, 6,042, amounting to

%
%
.

.

' Number of withdrawals during year, 4,208, amounting to
N et increase in amount due depositors

.

.

.

.......................................... $33,761 09
..........................................
35,263 95
.
.
.
370,012 44

.
.

.
.

.
.

.
.

.

$439,037 48
348,769 19

.

$90,268 29

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Boston 4s
5.000 Brockton 4Mis
5.000 Cleveland, 0., 4Mb
1.000 Dayton, 0., 5s
5.000 Detroit, Mich., 4s
1.000 Holyoke 4s
1.000 Los Angeles, Cal., 4s
10.000 Les Angeles, Cal., 4}^s
5.000 Minneapolis, Minn., 4s
10.000 New Bedford 4s
10.000 Omaha, Neb., 4Mis
15.000 San Francisco, Cal., 5s
1.000 Seattle, Wash., 4Mis
1.000 Seattle, Wash., 5s
5.000 Stoneham 4s
Railroad Bonds.
$4,000 Aroostook Northern 5s
1.000 Bangor & Aroostook 5s
5.000 Boston & Albany 3Mis
3.000 Boston & Albany 4s
5.000 Boston & Albany 5s

$1,000 Boston & Lowell 4s
10.000 Boston & Maine 4s
10.000 C., B. & Q. 3Ms
5.000 C., B. & Q. 4s
5.000 Chic., Mil. & St. Paul 4Mis
5.000 Chic., Mil. & St. Paul 5s
3.000 Conn. River 4s
10.000 Fitchburg 4s
10.000 Fitchburg 5s
14.000 Illinois Central 3s
20.000 Illinois Central 3Mzs
20.000 N. Y ..N .H . &H. 3^a
15.000 N. Y „ N. H. & H. 4s
26.000 No. Maine Seaport 5s
10.000 Northern Pacific 4Ms
3.000 Old Colony 4s
5.000 Portland Terminal Co. 4s
Street Railway Bonds.
$5,000 Boston Elevated 4s
5,000 Boston Elevated 5s
23.000 Boston & Northern 4s
10.000 Brock., Bridgew. & Taun. 5s

$10,000 Georget’n, Row. & Ip. 5s
1,500 Holyoke 5s
4.000 Hoosac Valley 5s
1.000 Marlboro & Westboro 5s
5.000 Old Colony 4s
10,000 Springfield 4s
5.000 West End 4^s
5.000 West End 5s
Bank Stocks.
Shs.

66 First Nl. Bk., Adams
100 First Nl. Bk., Easthampton
50 Metacomet Nl. Bk., Fall River
4 Monscn 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 Fust Nl. Bk., Westfield

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,776
.* 646
.
255
172
55
44

Amount.
$99,075 02
50,485 29
40,197 79
59,752 65
39,165 42
44,000 00

. 5,948

$332,676 17

No.
From women
2,564
From guardians
3
From religious and charitable corporations .
51
From labor unions
3
In trust .
.
.
.
35
Totals

94 transfers, amounting to $37,336.27, not included in above table.
D ates

of

E xam ination , M ay 18-21 inclusive.


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

2,656

Amount.
$139,504 12
1,715 48
3,710 30
104 00
5,640 83
$150,674 73

106

REPORT OF THE

[Pub. Doc.

EAST WEYMOUTH SAVINGS BANK, EAST WEYMOUTH.
714 BROAD STREET.
Incorporated February 20, 1872.

Number of corporators, 42; number of trustees, 17.

W illiam H. P batt , President.
J ohn A . R aymond , Treasurer.
J ohn A. M ac F a u n , Clerk of the Corporation.
Board of Trustees: F. A . B icknell , E . M . C abtek , C. B. C ushing , J. A . C ushing , W . A . D b a k e ,
W . J. D u nbab , T . H. E meeson , James F oed , B. P. F eench , B badfobd H aw e s , R obebt M cI n ­
tosh , W . H. P ba tt , C. A. R andall , J. A . R aymond , W . T . Sea bu e y , M ichael Sh ee h y , W aldo
T u bneb .
Board of Investment: W . H. P b a tt , T . H. E meeson , E . M . C a b t e b , C. B. C ushing , B badfobd
H aw e s , W . A . D b a k e .
Auditing Committee: W . H. P b a tt , J. A . C ushing , B. P. F eench .
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 12 m .; 2 to 5 p .m .; Saturdays, 9 a .m . to 12 m .;
also on M ondays, for deposits only, 7 to 8.30 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
548 loans on real estate (average of each, $2,098.31) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.

.
.
.
.
.
.

.

.

.
.

.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
$1,150,531 14
656 80

15 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $34,550; assessed value, $23,000)
Real estate b y foreclosure, etc. (assessed value, $57,981) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

$99,181
284,865
81,067
30,140
1,300
28,000

30
00
50
00
00
00

1,149,874
77,330
21,690
58,471
190
19,054
4,284

34
00
42
10
35
62
59

. $1,855,449 22

Liabilities.
Due depositors on 3,809 accounts, averaging $442.82 each
{Accounts opened during year, 405; closed, 369; increase, 36)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $1,003) .
h. Profit and loss (decrease during year, $3,406.56)
Current income: —
a. Interest .
.
.
.
.
.
.
$16,979 57
b. R e n t ...............................................................
13 00
Less current expenses not charged off
Less State or local taxes not charged off


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

.
.

.
.

.

84,418 00
68,216 91

$16,992 57

$471 84
425 01
896 85
-----------------

Total Liabilities

$1,686,718 59

.

16,095 72

. $1,855,449 22

107

BANK COMMISSIONER,

No. 8.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses
Amount paid for
$1,970.35
$3,800.00 '
$143.00
$2,187.30
Cost per $1,000 of assets
1.06
2 .05
—
.08
1.18
.
.
.
.
.
Cost per $1,000 of assets not including State tax and rent .

Total.
$8,100.65
4.37
3.31

Gross income received during the year, $85,560.27.

Rates on Investments and Loans (Average on All, 5.08%).
Real estate loans (average rate, 5.42 per cent.): 4J^%, $4,425; 5%, $619,023.81; 5 A % , $99,202.64;
6%, $422,776.89; 6 ^ % , $1,740; 7%, $2,406; 8%, $300.
Personal loans (average rate, 4.97 per cen t.): 4)^% , $35,000; 5%, $25,680; 5 3^2%, $2,200; 6%, $14,445.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): ‘¿ A i% , $28,000; 4%, $219,000;
4 H % , $160,000; 5%, $101,000; 6%, $16,300.
Number of loans not over $3,000 each, 447, amounting to $641,059.17.
57 real estate loans made during year, amounting to $140,208.11.

Dividends, Deposits and Withdrawals.
$32,162 45
32,531 34
225,792 38

Ordinary dividends declared during year: April, 1914, 2%
Oct., _ 1914, 2%
Number of deposits during year, 3,149, amounting to

Number of withdrawals during year, 3,585, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$290,486 17
270,003 16

.

$20,483 01

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$12,000 Attleborough 3As
9.000 Chelsea 4s
10.000 Los Angeles, Cal., 4As
7.000 Malden 4s
20.000 New Bedford 4s
20.000 Omaha, Neb., 4As
15.000 San Francisco, Cal., 4As
5.000 San Francisco, Cal., 5s
1.000 Easthampton 4s
1.000 Milton 3As

Railroad Bonds.
Par Value.
$25,000 Aroostook Northern 5s
15.000 Baltimore & Ohio 3J^s
20.000 Bangor & Aroostook 5s
10.000 Boston & Maine 4s
85.000 Boston & Maine 4 A s
10.000 Fitchburg 4s
10.000 Fitchburg 5s
91.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s

Street Railway Bonds.
$30,000 Boston Elevated 4V>s
25.000 Boston & Northern 4s
15.000 Lynn & Boston 5s
12.000 West End 4s
1,000 Worcester Consol. 5s
Bank Stocks.
Shs.
13 Dedham National Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

. 3,135

Totals
14

No. .
2,404
322
181
154
37
37

Amount.
$43,650 11
25,587 32
27,629 87
54,194 53
26,875 95
40,089 67

From women
From guardians
From religious and i
table corporations .
In trust .
.
Totals

$218,027 45

transfers, amounting to $7,764.93, not included in above table.
D ates

of

E xam ination , April 2 9-M ay 2 inclusive.


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

No.
. 1,268

6

Amount.
$86,412 45
1,621 10

129
143

14,432 05
13,099 18

. 1,546

$115,564 78

.

fPub. Doc,

REPORT OF TH E

108

ELIOT FIVE CENTS SAVINGS BANK, BOSTON.
114 DUDLEY STREET.
Incorporated February 4, 1864. Number of corporators, 54; number of trustees, 24.
G eorge E . B ullard , President.
F rank E . G ranger , Treasurer.
Seth A . F ow le , Clerk of the Corporation.
Board of Trustees:
A . E . C a r r , I.
S. A . F o w ls ,
L eland , T . S.
Se a v e r , S. E .

C. E . A ldrich , J udson B aldw in , C. T . B a r r y , H. S. B ea n , G. E . B ullard ,
Y . C hubbuck , W . O. C urtis , C. L. D e N ormandie , L. D . D r u ry , H. D . F orbes ,
A . F. H ayd en , C. L. H ay w a r d , G. P. H odgdon, F rank H oughton , W . S.
L ockwood , F. W . M endum , F. N. N a y , J. F. N ew ton , G orham R ogers , L. D .
T inkham .

Board of Investment: G . E . B ullard , A . E . C a r r , W . S. L eland , H. S. B e a n , C. L. H a yw ar d ,
G orham R ogers .
Auditing Committee: H. D. F orbes , A . E . C a r r , G. P. H odgdon .
Deposits draw interest from second W ednesday 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, 1914.
Assets.
$831,531
1,487,486
167,000
79,817
114,493
20,100
2,656,736
2,501,400
20,292
329,322

Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
617 loans on real estate (average of each, $4,305.89) .
93 loans on personal security
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $30,000)
Deposits in national banks or trust companies
Total Assets

.

.

.

.

.

25
25
00
50
75
00
00
00
74
46

$8,208,179 95

Liabilities.
Due depositors on 20,169 accounts, averaging $382.18 each
(Accounts opened during year, 2,424; closed, 2,295; increase, 129)
Surplus: —
a. Guaranty fund (4-97% of deposits; increase during year, $10,056.81)
b. Profit and loss (increase during year, 815,726.67) .
.
.
.
Current income: -—
$1,274 80
Interest
.
.
.
.
.
.
.
.
.
.
1,574 99
Less current expenses not charged off
.
.
.
.

Total Liabilities

.

.

.

.

.

$7,708,154 01
382,839 26
117,486 87

— 300 19
$8,208,179 95

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$22,127.13 $14,990.70 $3,500.00
$48.60
$4,098.92 $44,765.35
Cost per $1,000 of assets
2 .7 0
1.83
.43
.01
.50
5.47
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.34
Gross income received during the year, $365,318.15.


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

No. 8.

BANK COMMISSIONER.

109

Rates on Investments and Loans (Average on All, 4.54%).
Real estate loans (average rate, 4.92 per cent.): 4%, $27,700; 4J^%, $40,000; 4)^% , $338,810; 5%,
$2,201,276; 5 ^ % , $46,950; 6%, $2,000.
Personal loans (average rate, 4.84 per cent.): 4)4% , $399,000; 4)4%, $50,000; 4)4% , $931,900; 4)4%,
$50,000; 4 % % , $487,000; 5%, $83,400; 5)4% , $45,000; 5)4% , $115,000; 6%, $69,250; 6)4% ,
$270,850.
Bonds, stocks, etc. (average rate on amounts invested, 3.89 per cent.): 3%, $75,000; 3)4% , $1,098,000;
3)4%, $70,000; 3)io% , $100,000; 4%, $1,200,000; 4)4% , $50,000; 5%, $100,000; 5.79%, $25,000;
6%, $17,100; 10%, $3,000.
Number of loans not over $3,000 each, 337, amounting to $664,975.
60 real estate loans made during year, amounting to $259,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 22,859, amounting to

$143,211 95
145,359 16
1,307,095 55
$1,595,666 66
1,357,877 53

Number of withdrawals during year, 19,409, amounting to
.

Net increase in amount due depositors

$237,789 13

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 3s
150.000 Massachusetts 3)4s
125.000 Boston 3)4s
25.000 Fall River 3)4s
26.000 Gloucester 3)4s
22.000 Lowell 4s
28.000 Lynn 4s
28.000 New Bedford 3)4s
68.000 New Bedford 4s
39.000 Newburyport 3)4s
13.000 Newton 3)4s
25.000 Waltham 3)4s
25.000 Willimantic, Ct., 4s

$6,000 Boston & Albany 4s
50.000 Boston & Lowell 3)4s
50.000 Boston & Lowell 4)4s
100.000 Boston & Maine 3)4s
50.000 Boston & Maine 4s
25.000 Boston & Providence 4s
100.000 C., B. & Q. 3)4s
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 Conn. River 5s
25.000 Erie & Pittsburgh 3)4s
25.000 Fitchburg 3)4s
50.000 Fitchburg 4s
25.000 Illinois Central 3s
100.000 Illinois Central 3)4s
25.000 Michigan Central 3)4s
50.000 New England 4s
75.000 N. Y. C. & H. R. 3)4s

Public Funds, Notes.
$100,000 Essex Co. 37/ioS
30.000 Melrose 3)4s
40.000 Quincy 3%s
20.000 Dedham 4s
25.000 Winthrop 5.79%

$25,000 N. Y. & N. E. Term. 4s
30.000 N. Y., N. H. & H. 3)4s
169.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
145.000 Old Colony 4s
25.000 Peoria & Northw. 3)£s
25.000 Washington Co. 3)^s

Street Railway Bonds.
$57,000 Boston Elevated 4s
60.000 West End 4s
50.000 West End 5s

Bank Stocks.
Shs.
30 Merchants Nl. Bk., Boston
171 Peoples Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
No.
Amount.
Amount.
No.
13,387 $723,288 97
From women .
.
. 17,837 $318,990 63
Of $50 and less
3,507 63
6
From guardians
217,210 31
Over $50, not over $100 . 2,740
From religious and chari­
168,983 85
Over $100, not over $200 . 1,109
20,191 98
191
table corporations
670
228,648 15
Over $200, not over $500
116,024 84
2,461
In trust .
.
.
.
200
139,978 70
Over $500, under $1,000
192
193,539 49
Of $1,000 or more .
$863,013 42
16,045
Totals
. 22,748 $1,267,351 13
Totals
111 transfers, amounting to $39,744.42, not included in above table.
D ates

op

E xamination


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

and

A udit, January 1-10 inclusive.

110

REPO RT OF TH E

[Pub. Doc,

ESSEX SAVINGS BANK, LAWRENCE.
296 ESSEX STREET.
Incorporated March 15, 1847.

Number of corporators, 30; number of trustees, 13.

W alteb E. Pabkee , President.
A lbebt I. C ouch, Treasurer.
F ranklin B utleb , Clerk of the Corporation.
Board of Trustees: C. U. B ell , F eanklin B utleb , T. M . C ogswell, A. I. C ouch, F. B. D avis , F .
H. E aton , G. E . K unhabdt, R . J. M acabtnet , W . E . Pabkee , B yeon T buell , J. E . Y abney ,
R ichaed W aed , H. K . W ebsteb.
Board of Investment: W . E. Pabkee , H. K . W ebsteb , J. E. V abney , F. H. E aton .
Auditing Committee: F. B. D avis , F eanklin B utleb, R . J. M acaetney .
Deposits draw interest from third Wednesday in 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 .; also Sat­
urdays, 2 to 4 p.m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
$1,196,700 00
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
1,514,800 00
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
220,000 00
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
135,000 00
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
272,500 00
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
100 00
1,523 loans on real estate (average of each, $4,876-49)
.
.
.
.
.
.
7,426,900 00
86 loans on personal security
.
.
.
.
.
.
.
.
.
.
2,332,500 00
Bank building and fixtures (estimated value, $65,000; assessed value, $65,000)
.
.
30,000 00
Deposits in national banks or trust c o m p a n i e s ...............................................................
185,508 56
C a s h ................................................................................................................................................... 27,121 39
Total A s s e t s .......................................... $13,341,129 95

Liabilities.
Due depositors on 27,992 accounts, averaging $433.46 each
.
.
(Accounts opened during year, A,15%; closed, 4,018; increase, 184)
Surplus: —
a. Guaranty fund {4.94% of deposits; increase during year, $15,000)
h. Profit and loss {decrease during year, $9,028.02)
.
.
.
Total Liabilities

.

.

.

.
.

.

.
.

.
.

.

$12,133,435 82

.

.

600,000 00
607,694 13

.

$13,341,129 95

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$20,574.75 $20,356.12
Cost per $1,000 of assets
1.54
1.52
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $652,328.10.


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

Advertising. Other Expenses.
Total.
$143.50
$4,346.44 $45,420.81
.01
.32
3.39
.................................................................... 1.85

111

BAN K COMMISSIONER

No. 8;

Rates on Investments and Loans (Average on All, 4.99%).
Real estate loans (average rate, 4.88 per cent.): 4)^% , $1,843,700; 4 % % , $139,000; 5%, $5,375,000
5 ^ % , $15,400; 6%, $53,800.
,
Personal loans (average rate, 5.29 per cen t.): 4)4%,, $100,000; 4J|%, $75,000; 4 J^%, $668,000; 4 ^ %
$25,000; 4 % % , $258,950; 5%, $199,400; 5}4% , $221,500; b% % , $25,000; 6%, $277,650; 6M %
$50,000; 6 ^ % , $272,000; 7%, $160,000.
Bonds, stocks, etc. (average rate on amounts invested, 5.05 per cent.): 4% , $1,649,150; 4J^%, $495,000
5%, $465,000; 6%, $399,800; 7%, $122,500; 8%, $140,000; 10%, $55,000; 12%, $65,000.
Number of loans not over $3,000 each, 956, amounting to $1,529,500.
219 real estate loans made during year, amounting to $993,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
.
.
.
.
.
Oct., 1914, 2 ^ % ..........................................
Number of deposits during year, 37,794, amounting to
.
.
.
.
.

Number of withdrawals during year, 24,951, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$227,248 24
287,009 99
2,195,530 02

.

$2,709,788 25
2,337,521 84

.

$372,266 41

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$200,000 Massachusetts 4s
50.000 Albany, N. Y., 4p£s
150.000 Boston 4s
135.000 Chicago, 111., 4s
50.000 Cleveland, O., 5s
50.000 Fall River 4s
100.000 Hartford, Conn., 4)^s
200.000 Indianapolis, Ind., 4s
83.000 Lawrence 4s
100.000 Springfield 4s
30.000 Troy, N. Y., 4s
20.000 Leominster 4s
1,000 North Andover 4s

Public Funds, Notes.
$12,700 Lawrence 4s
15,000 North Andover 6s

Railroad Bonds.
Par Value.
$20,000 Bangor & Aroostook 5s
15.000 Boston & Albany 4s
85.000 Boston & Albany 5s
50.000 Boston & Lowell 4s
150.000 Boston & Maine 4p£s
14,800 Burl. & Mo. Riv. 6s
30.000 Cedar Rap. & Mo. Riv. 7s
25.000 C., B. & Q. 4s
40.000 Chic. & Northwestern 4s
75.000 Cleveland & Pitts. 4p¿s
200.000 Concord & Montreal 4s
100.000 Fitchburg 5s
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
25.000 St. Paul & Sioux City 6s
15.000 Winona & St. Peter 7s

Street Railway Bonds.
$70,000 Boston Elevated 4p£s
100,000 West End 5s
50,000 Worcester Consol. 4)4s
Bank Stocks.
Shs.
350 First Nl. Bk., Boston
75 Fourth-Atlantic Nl. Bk., Boston
350 Merchants Nl. Bk., Boston
75 Nl. Bk. of Commerce, Boston
250 Nl. Bk. of the Republic, Boston
500 Nl. Shawmut Bk., Boston
200 Nl. Union Bk., Boston
300 Second Nl. Bk., Boston
200 Webster & Atlas Nl. Bk., Boston
200 Old Colony Tr. Co., Boston
100 Haverhill Nl. Bk.
400 Bay State Nl. Bk., Lawrence
100 Lawrence National Bank
50 Merchants Trust Co., Lawrence

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
$918,807 08
19,151
From women .
. 30,635 $574,988 91
Of $50 and less
3,704 32
31
From guardians
297,254 90
Over $50, not over $100 . 3,750
From religious and chari197,385 68
Over $100, not over $200 . 1,310
16,832 53
171
table corporations
305,351 88
Over $200, not over $500
891
1,990 11
23
From labor unions .
282
201,550 65
Over $500, under $1,000
129,925 96
2,136
In trust .
.
.
.
207,467 73
206
Of $1,000 or more
. 37,074 $1,783,999 75

Totals

Totals

720 transfers, amounting to $411,530.27, not included in above table.
D ates

of

E xamination , June 29-July 8 inclusive.


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

21,512 $1,071,260 00

112

REPO RT OF THE

[Pub. Doc.

EVERETT SAVINGS BANK, EVERETT.
440 BROADW AY.
Incorporated March. 1, 1889.

Number of corporators, 37; number of trustees, 17.

C olumbus C obby, President.
E dgab A. C ate , Treasurer.
H enby K . V bazie , Clerk of the Corporation.
Board of Trustees: D. P. B ailey , S. P. C annell , W . H. C annell, E. A. C abtee , E. A . C ate ,
C olumbus C obey , N. A. D ill , F. E . D yeb , W . A . H am , C hables M anseb , N athan N ichols,
G. W . Plaisted, J. W . Philbbick, T . A . Smith, J. T . Sw an , H. K . V eazie , F. B . W oons.
Board of Investment: W . A. H am , G . W . P laisted, E . A. Cate , F. B. W oods, T . A. Smith.
Auditing Committee: N athan N ichols, F. E . D yeb , E . A. Cabtee .
Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable the second W ednesday o f 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, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
,«
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
291 loans on real estate (average of each, $2,664.17) .
Less amount due on uncompleted loans .
.
.

.

.

.

.
.
.

.

.

.

’

.

j
t

.

.
.

.

.

.
.

.

’
]

$775,575 00
300 00

.

5 loans on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $12,800)
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

$183,200
113,025
42,940
20,773

00
00
00
75

775,275
24,900
19,800
26,721
3,954

00
00
00
96
59

.

.

$1,210,590 30

Due depositors on 6,634 accounts, averaging $176.13 each
.
.
.
.
(Accounts opened during year, 1, 104; closed, 816; increase, 288)
Surplus: —
a. Guaranty fund (2.65% of deposits; increase during year, $2,900)
.
b. Profit and loss {increase during year, $1,806.98)
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.

.

$1,168,432 67

Liabilities.

.
.

.

30,950 00
11,204 93

.

2 70

Total L ia b ilit ie s .......................................... $1,210,590 30

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,142.20
$4,116.68
$300.00
$137.50
Cost per $1,000 of assets
.94
3 .40
.25
.11
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $52,532.88.


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

Other Expenses.
$895.08
.74

Total.
$6,591.46
5.44
4.25

No. 8.]

BAN K COMMISSIONER.

113

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.18 per cent.): 4M % , $20,000; 4M % . $35,000; 5%, $430,750; 5 K % .
$232,900; 6%, $56,625.
°*
Personal loans (average rate, 5 60 per cent.): 5%, $2,000; 5M % . $16,000; 6%, 6,900.
Bonds, stocks, He. (average rate on amounts invested, 4.02 per cent.): 314%, $75,000; 4%, $242,300:
4y2% , $35,500; 5%, $11,500.
Number of loans not over $3,000 each, 237, amounting to $394,925.
51 real estate loans made during year, amounting to $156,900.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 11,764, amounting to

$20,027 09
21,061 68
405,017 02

Number of withdrawals during year, 6,426, amounting to

$446,105 79
344,860 41

Net increase in amount due depositors

$101,245 38

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Massachusetts 3Ma
20.000 Boston 3Ms
26.000 Everett 4s
15.000 Fall River 3Mis
10.000 Fall River 4s
10.000 Malden 4s
5.000 Quincy 4s
7.000 Adams 4s
12.000 Clinton 4s
10.000 Dudley 3Ms

Public Funds, Notes.
Par Value.
$41,300 Everett 4s
5,500 Everett 4Ms
11,500 Everett 5s
Railroad Bonds.
$20,000 Boston & Albany 4s
20.000 Boston & Lowell 4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4Ms

Par Value.
$10,000 C., B. & Q. 4s
15.000 Chic. & Northwestern 4s
10.000 Illinois Central 3Ms
10.000 N. Y., N. H. & H. 3Ms
10.000 Old Colony 4s
Street Railway Bonds,
$10,000 Boston Elevated 4s
20.000 Boston Elevated 4Ms
13.000 West End 4s

Classification of Deposits received during the Year ending October 31, 1914.
.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.
.
.

No.
10,375
783
251
168
47
32

Amount.
$144,284 89
61,727 72
37,858 86
55,906 70
34,385 09
32,014 00

11,656

$366,177 26

No.
From women
. 5,135
From guardians
7
From religious and charitable corporations
51
In trust .
. 1,124
Totals

Totals

108 transfers, amounting to $38,839.76, not included in above table.
D ate

of

E xamination , January 8.


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

. 6,317

Amount.
$171,047 08
775 35
3,034 74
33,717 14
$208,574 31

[Pub. Doc.

REPORT OF THE

114

FAIRHAVEN INSTITUTION FOR SAVINGS, FAIRHAVEN.
19
Incorporated February 10, 1832.

CENTRE STREET.
Number of corporators, 50; number of trustees, 18.

T homas A. T ripp, President.
C harles H. M orton, Treasurer.
E lisha S. W hiting , Jr., Clerk of the Corporation.
Board of Trustees: J. H. A llen , L. E. B entley , S. S. B umpus, D. W . D eane , L. L e B. D exter , W . B.
G ardner, W . H. Judd, D . N . K elley , G . B. Luther, C. H. M orton, L. W . M orton, H. K .
N y e , E . G. Spooner, E . G. T allman, J. C. T ripp, T . A. T ripp, C. D. W aldron, E. S.
W hiting, Jr.
Board of Investment: T. A. T ripp, W . H. Judd, G. B. L uther, L. E . B entley , D. W . D eane .
Auditing Committee: J. C. T ripp, G. B. Luther, J. H. A llen .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds .
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
382 loans on real estate (average of each, $1,971.56) .
.
.
.
.
37 loans on personal security
.
.
.
.
.
.
•
Bank building and fixtures (estimated value, $5,000; assessed value, $4,020)
Real estate by foreclosure, etc. (assessed value, $190)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

$93,629
166,485
19,600
22,756
31,760
1,898
753,136
225,860
5,000
150
56,137
4,456

.
.
.
.
.
.
.
.
.
.

00
00
00
25
00
75
49
00
00
00
41
46

Total A s s e t s .......................................... $1,380,869 36

Liabilities.
Due depositors on 2,166 accounts, averaging $599.01 each
(Accounts opened during year, 24-8; closed, 167; increase, 81)
Surplus: —
a. Guaranty fund (2.99% of deposits; increase during year,
b. Profit and loss (increase during year, $5,828.67)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.

$1,297,473 36
38,800 00
43,893 47

,800)
$731 73
29 20

702 53

Total L ia b ilit ie s .......................................... $1,380,869 36

T otal Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$2,139.74 $2,907.04
$500.00
$61.75
$1,281 51
Cost per $1,000 of assets
1.55
2 .1 0
.36
.04
.93
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $66,425.21.


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

Total.
$6,890.04
4 .9 8
3.07

115

BANK COMMISSIONER.

No. 8,

Rates on Investments and Loans (Average on All, 5.08%).
Real estate loans (average rate, 5.41 per cent.): 5%, $319,560.25; 5)^% , $248,824.32: 6%, $184,751.92.
Personal loans (average rate, 5.30 per cent.): 4 % % , $30,000; 5%, $96,100; 5J4%, $5,000; 5J^%,
$40,000; 6%, $54,760.
Bonds, storks, etc. (average rate on amounts invested, 4.23 per cent.): 3%, $10,000; 31/2%, $67,000;
4% , $207,480; 4.30%, $6,000; 4 ^ % , $29,000; 5%, $5,000. 7%. $9,000. 8% . $8,800 ; 9%, $1,300.
Number of loans not over $3,000 each, 384, amounting to $469,341.24.
51 real estate loans made during year, amounting to $87,420.

Dividends, Deposits and Withdrawals.
$23,978 70
24,579 11
197,438 25

Ordinary dividends declared during year: April, 1914, 2%
Oct., _ 1914, 2%
Number of deposits during year, 1,432, amounting to

Number of withdrawals during year, 1,309, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$245,996 06
180,298 05

.

$65,698 01

SCHEDULE OP SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$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 4J4s
10.000 Peabody 4s
5,600 Plainville 4s
4.000 Provincetown 4^s
2.000 Revere 4s
10.000 Westborough 4s

Public Funds, Notes.
$6,000 Avon 4.30%

Railroad Bonds.
Par Value.
$10,000 Boston & Albany 4s
5.000 Boston & Lowell 4s
10.000 Boston & Maine 3s
10.000 Boston & Maine 3p£s
10.000 Boston & Maine 4s
15.000 C., B. & Q. 4s
3.000 Concord & Montreal 4s
10.000 Fitchburg 3p£s
10.000 Fitchburg 4s
10.000 Fitchburg 4)^s
20.000 Illinois Central 3Hs
2.000 Minn. & Iowa 3p£s
5.000 N. Y. C. & H. R. 3^s
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. 3p£s
10.000 Portland Terminal Co. 4s
5.000 Washington Co. 3J^s

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4s
10,000 Boston Elevated 4J^s

Bank Stocks.
Shs.
50 Eliot 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
917
176
117
94
37
52

Amount.
$14,450 69
14,624 63
18,004 69
34,283 18
26,881 07
61,600 00

. 1,393

$169,844 26

.
.
.

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

39 transfers, amounting to $27,593.99, not included in above table.
D ates o r E xamination , June 3 -5 inclusive.


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

No.
668
8

Amount.
$77,611 52
1,435 05

15
44

12,806 26
2,444 36

735

$94,297 19

116

[Pub. Doc,

REPO RT OF THE

FALL RIVER SAVINGS BANK, FALL RIVER.
141 NORTH M AIN STREET.
Incorporated March 11, 1828.

Number of corporators, 87; number of trustees, 19.

H enry C. H awkins , President.
Charles A. B assett, Treasurer.
James N. B uffinton, Clerk of the Corporation.
Board o f Trustees: C. M . A llen , C. A. B assett, C. P. B rightman, J. N. B uffinton, D. J. B urdick,
B. D. D avol , N. R . E arl, E. J. French, B. S. C. G ifford, W . S. G reene , H. C. H awkins ,
W . F. H ooper, H. H. H orton, W . H. Jennings, C. B. L uther, J. E. N ewton , E. B. V arney ,
L. E. W ood, C. B. W oodman.
Board of Investment: H. C. H awkins , C. M . A llen , D. J. B urdick, L. E. W ood, C. B. W oodman.
Auditing Committee: E . J. F rench, H. H. H orton, B. S. C. G ifford.
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
Stocks of banks and trust companies
.
.
.
872 loans on real estate (average of each, $4,375.31) .
Less amount due on uncompleted loans .
.
.

.

.

.
.
.
.
.
.
.
$3,821,341 00
.
.
.
6,070 00
----------------------68 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $SO,000; assessed value, $53,300)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
.

.

.

.

.
.

.

.

.

.

.

.

$769,000 00
3,729,000 00
272,403 00
3,815,271
1,449,900
30,000
237,204
7,281

00
00
00
79
26

Total A s s e t s .......................................... $10,310,060 05

Liabilities.
Due depositors on 19,521 accounts, averaging $482.45 each
.
.
.
.
.
(Accounts opened during year, 2,870; closed, 2,470; decrease, 100)
Surplus: —
a. Guaranty fund (5.02% of deposits; increase during year, $10,700)
b. Profit and loss (increase during year, $97,272.81) .
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$16,765 51
b. Rent
.
.
.
.
.
.
.
348 52
----------------------$17,114 03
Less current expenses not charged off
.
.
.
.
2,362 62
Unearned discount
.
.
Suspense account
.
.
D ue on internal revenue tax .

.
.
.

.
.
.

.
.
.

.
.

.

.

Total Liabilities

.

.

.

.

.

$9,417,892 54
472,700 00
301,902 85

14,751
102,082
694
36

41
36
22
67

. $10,310,060 05

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$22,566.87 $24,077.17 $2,000.00
$2,060.61 $50,704.65
Cost per $1,000 of assets
2.19
2 .33
.19
.20
4.91
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.53
Gross income received during the year, $541,672.78.


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

BAN K COMMISSIONER,

No. 8.]

117

Rates on Investments and Loans (Average on All, 5.26%).
Real estate loans (average rate, 5.04 per cent.): 4 H % , $607,000; 5%, $2,143,360; 5 H % , $074,911.
Personal loans (average rate, 5.76 per cent.); 4%, $25,000; 4b£%, $101,500; 4%%,, $96,400; 5%,
$18,000; 5J^%, $89,000; 5 % % , $190,000; 6%, $805,000; 6 ^ % , $75,000; 7%, $50,000.
Bonds, stocks, etc. (average rate on amounts Invested, 5.28 per cent.); 3.40%, $50,000; 4%, $1,264,000;
4 $ 1 5 0 , 0 0 0 ; 5%, $1,136,000; 6%.., $1,716,400; 7%, $368,000; 8%, $33,600; 9% , $22,000;
12%, $24,400.
Number of loans not over $3,000 each, 474, amounting to $771,689.
108 real estate loans made during year, amounting to $429,240.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits dining year, 19,012, amounting to
.

.

Number of withdrawals during year, 17,013, amounting to

.

Net increase in amount due depositors

.

.

.

.

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

.
.

.
.

$178,593 98
181,499 30
1,425,640 44

.

.

$1,785,733 72
1,573,297 45

.

.

$212,436 27

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$100,000 Massachusetts 4s
369.000 Boston 4s
50,0C0 Fall River 4s
100.000 Newark, N. J., 4s
100.000 Worcester 4s
Public Funds, Notes.
$50,000 Fall River 3.40%

Railroad Bonds.
$100,000 Boston & Maine 4Mia
80.000 Cedar Rap. & Mo. R. 7s
135.000 C., B. & Q. 4s
9,000 C., B. & Q. 5s
75.000 Chic., Mil. & St. P. 5s
12.000 Chic. & Northw. 5s
250.000 Chic., R. 1. & Pac. 6s

Par Value.
$125,000 Chic. St. P., M. & 0. 6s
50.000 Cleveland & Pitts. 4b£s
100.000 Delaware & Hudson 7s
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
125.000 New Orleans & Mobile 6s
50.000 Mahoning Coal 5s
150.000 Mich. Cen.-Det. & B. C. 5s
100.000 Mil., L. S. & Western 5s
77.000 Mil., L. S. & Western 6s
100.000 Montana Central 6s
100 000 New England R.R. 5s
350.000 N. Y., Lack. & West. 6s
210.000 N. Y., N. H. & H. 4s
100.000 Philadelphia & Erie 6s
15.000 Pitts , McKees. & Yough. 6s
50.000 Rome, Water. & Og. 5s
100.000 San Fran. & St. Joaq. Val. 5s

$25,000 Schenec. & Duanesb. 6s
150.000 St. J. & L. C. 5s
200.000 St. P., Minn. & Man. 6s
128.000 St. Paul & No. P. 6s
43.000 Troy & Boston 7s
80.000 Winona & St. Peter 7s
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

Classification of Deposits received during the Year ending October 31, 1914.
No.
. 14,102
Of $50 and less
Over $50, not over $100 . 2,522
1,034
Over $100, not over $200 .
680
Over $200, not over $500
242
Over $500, under $1,000
204
Of $1,000 or more .

Amount.
$308,687 46
206,025 05
160,886 77
236,994 71
169,978 22
239,140 30

No.
8,968
From women
40
From guardians
From religious and chari122
table corporations .
15
From labor unions
59
In trust .
.
.
.

Amount.
$618,549 20
6,953 51

9,204

$690,648 97

. 18,784 $1,321,712 51

Totals

Totals

228 transfers, amounting to $103,927.93, not included in above table.
D ates

of

E xamination , August 10-14 inclusive.


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

28,623 65
3,081 00
33,441 61

118

REPORT OF THE

[Pub. Doc.

FALL RIVER FIVE CENTS SAVINGS BANK, FALL RIVER.
60-62 NORTH M AIN STREET.
Incorporated April 10, 1855.

Number of corporators, 35; number of trustees, 17.

James M arshall, President.
C haeles L. H olmes, Treasurer.
L eonabd N . Slade, Clerk of the Corporation.
Board of Trustees: C. N. B orden, J. H. B owen , G. P. B rown , S. B. C hase , A. P. D avol , G. S. D avol ,
W . E. Dow, H. B. D urfee, R. N. D urfee , O. S. H awes , C. L. H olmes, J. F. Jackson, E . B.
Jennings, Leontine L incoln, James M arshall, L. N . Slade, C. S. W aring .
Board o f Investment: A . P. D avol , H. B. D urfee , O. S. H aw es , E. B. Jennings , C. S. W aring .
* Auditing Committee: G. P. B rown , A . P. D avol.
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of bank? and trust companies
.
.
.
629 loans on real estate (average of each, $3,317.02) .
Less amount due on uncompleted loans .
.
.

.
.

.
.
.

.
.

.

.

.

.

.

.

.
.

.
.

.

.
.

.
.

.
.

.

.
.
$2,090,207 00
3,800 00

69 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $107,600)
Real estate by foreclosure, etc. (assessed value, $2,700)
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
Total Assets

$536,000
2,843,800
70,000
113,812
153,000

00
00
00
50
00

2,086,407
1,124,131
20,000
3,029
138
198,217
14,738

00
00
00
48
88
76
99

. $7,163,275 61

Liabilities.
Due depositors on 24,571 accounts, averaging $263.55 each
.
.
.
.
(Accounts opened during year, 2,984; closed, 3,075; decrease, 91)
Surplus: —
a. Guaranty fund (5.05% of deposits; increase during yea i, $10,712.56)
b. Profit and loss (increase during year, $16,358.31) .
.
.
.
.
Current income; —
Interest
.
.
.
.
.
.
.
.
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.
.

.

$6,475,753 84

.

.

326,776 91
169,519 06

.
.

147,442 10
43,783 70

.

$7,163,275 61

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$19,120.06 $18,144.50
$1,020.84
$455.20
$3,587.85 $42,328.35
Cost per $1,000 of assets
2 .67
2 .53
.14
.06
.50
5 .90
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3 .09
Gross income received during the year, $360,078.61.


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

* One vacancy owing to death.

BAN K COMMISSIONER

No. 8.]

119

Rates on Investments and Loans (Average on All, 5.21%).
Real estate loans (average rate, 5.19 per cent.): 4}^% , $104,100; 5%, $1,153,615; 514%, $774,592;
6%, $16,600; 614%, $37,500.
Peisonal loans (average rate, 5.61 per cent.): 4J^%, $205,000; 4 M % , $75,000; 5%, $53,000; 5 A % ?
$53,000; 5% % , $15,000; 6%, $662,131; 6 ^ % , $20,000; 7%, $40,000.
Bonds, stocks, etc. (average rate on amounts invested, 5.09 per cent.): 3.30%, $35,000; 3.40%, $10,000;
3 ^ % , $100,000; 4%, $959,000; 4 V2%, $280,000; 5%, $974,000; 6%, $1,180,300; 7%, $154,500;
8%, $30,000; 10%, $5,000.
Number of loans not over $3,000 each, 409, amounting to $648,457.
69 real estate loans made during year, amounting to $276,545.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1913, 2%
June, 1914, 2 %
Number of deposits during year, 35,256, amounting to
.

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

Number of withdrawals during year, 22,291, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

$121,213 12
124,375 47
1,160,027 53
$1,405,616 12
1,244,641 86

.
.

.

$160,974 26

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$100,000 Massachusetts 3Ms
25.000 California 4s
50.000 Boston 4s
50.000 Cleveland, 0., VAs
91.000 Fall River 4s
25.000 Grand Rapids, Mich., 4As
25.000 Hartford, Conn., 4A s
25.000 Portland, Ore., 4As
50.000 Seattle, Wash., 4A s
50.000 Worcester 4s
Public Funds, Notes.
$15,000 Natick 3.30%
10.000 Needham 3.40%
20.000 Wakefield 3.30%
Railroad Bonds.
$75,000 Bangor & Aroostook 5s
57,800 Burlington & Mo. Riv. 6s
110.000 C., B. & Q. 4s
162.000 C., B. & Q. 5s
20.000 Chic. & Northwestern 4s
30.000 Chic. & Northwestern 5s

$99,000 Chic. & Northwestern 6s
15.000 Chic. & Northwestern 7s
15.000 Chic., Mil. & St. Paul 5s
25.000 Chic., R. I. & Pac. 4s
18.000 Cleveland & Pittsburg 4As
31.000 Delaware & Hudson 7s
37.000 Fitchburg 4As
242.000 Fre., Elk. & Mo. Vai. 6s
200.000 Illinois Central 4s
25.000 Illinois Central 5s
10.000 Louisvdle & Nashville 5s
116.000 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
13.000 Mont. Central 5s
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
159.000 St. J. & L. C. 5s

$81,000 St. P., Minn. & Man. 6s
2,000 St. Paul & North. Pac. 6s
10.000 St. Paul & Sioux City 6s
30.000 Schenec. & Duanesbg. 6s
20.000 Winona & St. Peter 7s
Street Railway Bonds.
$50,000 Boston Elevated 4As
20,000 Brockton 5s
Bank Stocks.
Shs.
255 Fourth-Atlantic Nl. Bk., Boston
465 Mechanics Nl. Bk., Boston
50 Merchants 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
380 Massasoit-Poc. Nl. Bk., Fall River
375 Metacomet Nl. Bk., Fall River
100 Taunton National Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
31,842
1,794
698
479
146
101

Amount.
$400,185 94
143,196 99
109,109 93
167,852 75
102,029 94
126,152 81

35,060 $1,048,528 36

Totals

From women .
From guardians
From religious and charitable corporations
From labor unions .
In trust .
.
.
.
Totals

196 transfers, amounting to $111,499.17, not included in above table.

D ates

op

E xamination , September 30-O ctober 2 inclusive.


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

No.
18,877
15

Amount.
$657,646 79
3,702 00

2
7
4

525 00
2,570 14
2,122 00

18,905

$666,565 93

[Pub. Doc.

REPO RT OF THE

120

FARMERS AND MECHANICS SAVINGS BANK, FRAMINGHAM.
26
Incorporated April 23, 1883.

W illard H owe,

Number of corporators, 36; number of trustees, 12.

P r e s id e n t.

A rthur F. Hall ,

B o a rd o f T r u s te e s : A . C. B ianchard ,
H. M . H owe , W illard H owe,
W hitney, A . T. W ood.

B o a r d o f In v e s tm e n t:

A u d itin g

CONCORD STREET.

C o m m itte e :

Julian
C lerk o f the C o r p o r a tio n .

W. Phillips,

T reasu rer.

G. E . C utler, A . M . F itts, G. E . F owler, C. E . H aberstroh,
H. C. K ingman , J. W. P hillips, W. F. R ichardson, J. T .

G. E. C utler, A. M . Fitts , J. W. P hillips, W. F. R ichardson, J. T. W hitney,
A. T. W ood.
C. E. Haberstroh, A. S. B aldwin , H. M . H owe, A . M . F itts, H .

K ingman.

C.

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 f .m.; Saturdays, 9 a .m .
to 12 m. and 7 to 9 p .m.

STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
447 loans on real estate ( avera ge o f ea ch , $ 2 ,5 2 2 .9 0 )
47 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate by foreclosure, etc. (a ssessed va lu e, $ 4 4 ,8 7 0 )
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

8231,598
40,106
32,390
16,866
10,641
1,127,735
288,875
6,500
18,154
48
15,048
12,534

00
25
00
45
67
64
00
00
83
97
61
79

Total A s s e t s ...........................................$1,800,500 21

Liabilities.
Due depositors on 7,096 accounts, averaging 8237.15 each
.
.
.
.
.
(.Accounts opened during year, 1,544; closed, 9 6 2 ; increase, 5 8 2 )
Surplus: —
a. Guaranty fund ( 8 .2 7 % of deposits; increase during year, $4<800)
.
.
.
b. Profit and loss (increase during year, $ 3 ,8 1 0 .9 9 )
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$4,200 57
Less current expenses not charged off
.
.
.
.
604 41
----------------------Suspense account
.
.
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities

.

$1,682,853 00
55,050 00
58,506 05

3,596 16
495 00

. $1,800,500 21

121

BANK COMMISSIONER,

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$2,288.15
$5,594.16 $1,500.00
$393.79
$2,047.24 $11,823.34
Cost per $1,000 of assets
1.27
3 .11
.83
.22
1.14
6.57
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
4 .4 7
Gross income received during the year, $82,276.32.

Rates on Investments and Loans (Average on All, 4.93%).
Real estate loans (average rate, 5.05 per cen t.): 4J^%, $28,000; 5%, $1,020,805.64 ; 5J^%, $3,800;
6%, $75,130.
Personal loans (average rate, 5.10 per cent.): 4J^%, $55,500; 4 % % , $123,000; 5%, $41,900; 5J^%,
$2,200; 5M % . $15,000; 6%, $26,275; 7%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3J^%, $45,000; 4% , $172,000;
4)4% , $25,000; 5%, $80,000; 6%, $11,900; 12%, $900.
Number of loans not over $3,000 each, 372, amounting to $549,781.01.
61 real estate loans made dining year, amounting to $171,750.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 11,507, amounting to
.

.

Number of withdrawals during year, 7,765, amounting to
Net increase in amount due depositors

.

.

.

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

$28,451 24
30,704 98
518,479 11

.

.

$577,635 33
382,510 06

.

$195,125 27

.

.
.

.
.

.
.

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Par Value.
$45,000 Bangor & Aroostook 5s
5.000 Boston & Albany 3)4s
20.000 Boston & Albany 4s
10.000 Boston & Albany 5s
5.000 Boston & Lowell 4s
25.000 Boston & Maine 4s
30.000 C., B. & Q. 3)4s
20.000 Fitchburg 4s

$03,000 n ‘. Y „ N. H. & H. 3J4s
20.000 N. Y „ N. H. & H. 4s
25.000 No. Maine Seaport 5s
5,000 Old Colony 4s
15.000 Portland Terminal Co. 4s
Street Railway Bonds.
$15,000 Boston Elevated 4s
25.000 West End 4)4s

Bank Stocks.
Shs.
16 Eliot Nl. Bk., Boston
9 Second Nl. Bk., Boston
9 Northborough National Bank
100 Framingham Nl. Bk.
10 First Nl. Bk. of Newton, W. New.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals,

.

.

No.
. 9,754
.
944
.
358
.
306
86
51

Amount.
$164,707 78
76,287 92
55,115 53
107,791 56
61,191 28
51,000 00

11,499

$516,094 07

No.
From women
5,329
From guardians
11
From religious and charitable corporations .
33
From labor unions
11
In trust .
.
.
.
507
Totals

8 transfers, amounting to $2,385.04, not included in above table.

D ates of E xamination, January 26-28 inclusive.


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

5,891

Amount.
$237,101 72
2,415 50
1,949 66
261 00
32,779 91
$274,507 79

122

[Pub. Doc,

REPO RT OF THE

FITCHBURG SAVINGS BANK, FITCHBURG.
745 M AIN STREET.
Incorporated February 12, 1846. Number of corporators, 60; number of trustees, 29.

C harles E. W are , President.
F rederic C . N ichols, Treasurer.
E benezer B ailey , Clerk of the Corporation.
Board o f Trustees: H enry A llison, H arrison B ailey , B. A . C ook, A lvah C rocker , S. E. M .
C rocker, G. H. Cutler, J. H. D aniels, D . M . D illon, G. A . D unn, M . F. D unn, B. D . D winnell, C harles F osdick, F. H. F oss, S. H. F rancis, G. P. G rant, Jr., J. L. Johnson, J. M .
L ockey, A . H. L owe, H enry M cG rath , T . F. M urnane, F. C. N ichols, C. M . P arker, F.
W . Parks, W . E . P utney, H. K. Simonds, J. A. Stiles , H. G. T ownend, G. R. W allace,
C. E . W are .
Board of Investment: C. M . Parker , F. H. F oss, S. H. F rancis, J. L. Johnson, C. E. W are ,

F. W. P arks.

Auditing Committee: Harrison Bailey , B. D . D winnell, M . F. D unn.
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 .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
890 loans on real estate (average of each, $4,268.80) .
.
.
.
.
.
.
144 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $125,000; assessed value, $114,850) .
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ..................................................................................................................................................
»

$537,740
470,000
128,000
50,000
50,000
160,000
100
3,794,779
1,883,032
75,000
214,896
3,553

00
00
00
00
00
00
00
00
00
00
47
27

_______

Total A s s e t s .......................................... $7,367,100 74
Liabilities.
Due depositors on 14,012 accounts, averaging $487.08 each
( Accounts opened during year, 2,416; closed, 2,025; increase, 391)
Surplus: —
а. Guaranty fund (5% of deposits; increase during year, $16,600)
б. Profit and loss (increase during year, $15,588.90) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.
Unearned discount

.

.

.

.

.

.

.

.

Total Liabilities

.

$6,824,974 82
341,000 00
50,679 16

$147,870 21
948 21

.
.

148,818 42
1,628 34
. $7,367,100 74

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$11,589.66 $11,458.63
$900.00 $1,256.27
$5,296.80 $30,501.36
.72
4 .1 3
Cost per $1,000 of assets
1.57
1.55
.12
.17
2.44
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $343,672.84.


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

123

BAN K COMMISSIONER,

No. 8.'

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 4.92 per cent.): 4 M % . $29,500; 4 M % , $607,674; 4 % % , $27,000; 5%,
$3,110,730; 5M % , $13,875; 6%, $6,000.
Personal loans (average rate, 5.13 per cent.): 4%, $25,000; 4 M % , $80,000; 4 M % , $50,000; 5%,
$1,367,057; 5M % , $157,925; 6%, $169,050; 7%, $34,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cen t.): 3}4% , $200,000; 3M%> $10,000;
4%, $836,050; 4)4% , $5,000; 4)4% , $189,334.90; 5%, $35,000; 6%, $42,500; 7%, $11,700;
8%, $65,000; 10%, $25,500.
Number of loans not over $3,000 each, 644, amounting to $969,951.
144 real estate loans made during year, amounting to $624,195.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 14,882, amounting to

$127,051 34
130,077 89
1,395,400 54
$1,652,529 77
1,377,934 49

Number of withdrawals during year, 11,001, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.

.

$274,595 28

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$75,000 Massachusetts 3Ms
25.000 Massachusetts 4s
6.000 Beverly 4s
33.000 Boston 4s
5.000 Brockton 4s
33.000 Chicago, 111., 4s
6.000 Dayton, 0., 4s
12.000 Dayton, 0., 5s
17.000 Fall River 4s
25.000 Fitchburg 4s
25.000 Grand Rapids, Mich., 4Ms
28.000 Lawrence 4s
2.000 Lowell 4s
14.000 Lynn 4s
25.000 Malden 4s
2,700 Melrose 4s
6.000 Milwaukee, Wis., 4s
15.000 Milwaukee, Wis., 4Ms
5.000 Minneapolis, Minn., 4s
17.000 New Bedford 4s
13.000 Somerville 4s
5.000 Springfield 4Ms
10.000 Syracuse, N. Y., 4s
10.000 Taunton 4s
16,695 Troy, N. Y., 4Ms
10.000 Wilkes-Barre, Pa., 4s

$20,000 Yonkers, N. Y., 4Ms
10.000 Amesbury 4s
6.000 Franklin 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.
$6,000 Ashburnham 3Ms
2,450 Ashburnham 4Ms
1,190 Ashby 4Ms
4.000 Lunenburg 3Ms
2.000 Lunenburg 6s
Railroad Bonds.
$26,000 Boston & Albany 4s
20.000 Boston & Albany 5s
30.000 C., B. & Q. 4s
25.000 Concord & Montreal 4s
167,000 Fitchburg 4s
68.000 Fitchburg 4Ms

$25,000 Illinois Central 3Ms
25.000 New England 4s
50.000 N. Y„ N. H. & H. 3Ms
35.000 Old Colony 4s

Street Railway Bonds.
$25,000 Boston Elevated 4s
9.000 Boston Elevated 4Ms
7.000 Fitchburg & Leominster 4Ms
3.000 Leom., Shirley & Ayer 5s
59.000 West End 4s
25.000 West End 4Ms

Bank Stocks.
Shs.
50 Fourth-Atlantic Nl. Bk., Boston
235 Merchants Nl. Bk., Boston
575 Nl. Shawmut Bk., Boston
40 State Nl. Bk., Boston
400 Fitchburg Bk. & Tr. Co.
5 Townsend Nl. Bk.
67 Crocker Nl. Bk., Turner’s Falls
75 Merchants Nl. Bk., Worcester
20 Worcester Trust Co.

Classification of Deposits received during the Year ending October 31, 1914.
No.
. 10,802
Of $50 and less
Over $50, not over $100 . 1,742
660
Over $100, not over $200
537
Over $200, not over $500
187
Over $500, under $1,000
189
Of $1,000 or more

Amount.
$204,820 12
142,619 57
103,128 34
195,289 70
134,795 03
203,020 32

. 14,117

$983,673 08

Totals

No.
From women
. 6,164
From religious and chari115
table corporations
In trust .
.
354

Amount.
$588,210 04

. 6,633

$633,795 83

Totals

765 transfers, amounting to $411,727.46, not included in above table.

D ates of E xamination and A udit, N ov. 11-20 inclusive.


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

15,605 37
29,980 42

REPORT OF THE

124

[Pub. Doc.

FLORENCE SAVINGS BANK, FLORENCE.
85 M AIN STREET.
Incorporated February 14, 1873. Number of corporators, 33; number of trustees, 18.
Lotus F. P limpton, President.

E milie M . P limpton, Treasurer.
F rederick C. E ly , Clerk of the Corporation.

Board of Trustees: H. N . B rewster, R . H. C ook, W illiam C ordes, F . C. E ly , O. F. E ly , E. E.
G raves, G. S. G raves, E. A . Haven , H . B. H aven, C. A. Huxley , L. W. M organ, E. M .
P limpton, L. F. P limpton, E. A . R ice, W. H. R ice, O. M . Smith, A . M . W are , A. C. W arner.
Board of Investment: L. F. P limpton, A . M . W are , W . H . R ice , H . B. Haven , W illiam C ordes.
Auditing Committee: H . B. H aven , F. C. E ly , A . C. W arner .
Deposits draw interest from second Tuesday of January, April, July and October; dividends are
payable second Tuesday of April and October. Business hours: 10 a .m. to 3 p .m.; Saturdays,
10 a .m . to 12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
235 loans on real estate (average of each, $2,016.68)
22 loans on personal security
.
.
.
Bank building and fixtures (estimated value, $5,100;
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
.
.
assessed value, $3,000)
.
.
.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.

$138,498
56,182
10,000
17,900
473,920
16,247
4,000
20,225
1,289

.
.

.
.

.
.
.

75
50
00
00
63
00
00
76
35

Total A s s e t s .......................................... $738,263 99

Liabilities.
Due depositors on 2,427 accounts, averaging $282.01 each
{Accounts opened during year, 363; closed, 293; increase, 70)
Surplus: —
a. Guaranty fund {4.89% of deposits; increase during year, $851)
b. Profit and loss {increase during year, $4,116.09)
Current income: —
a. Interest .
.
.
.
.
.
.
$1,176 42
b. R e n t ...............................................................
107 95

$684,428 46
33,505 00
19,199 91

$1,284 37
153 75
----------------

Less current expenses not charged off

Total Liabilities

.

.

.

.

.

1,130 62
$738,263 99

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$900.36 $1,305.50
$200.00
$65.00
$726.90
Cost per $1,000 of assets
1.22
1.77
.27
.09
.98
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $35,160.11.


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

Total.
$3,197.76
4.33
2.84

No. 8.'

BAN K COMMISSIONER.

125

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 5 per cent.): 5%, $473,870.63; 6%, $50.
Personal loans (average rate, 5.07 per cent.): 5%, $15,132; 6%, $1,115.
Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cen t.): 3%, $5,000; 3Hi%, $32,000;
4%, $131,000; 4 y2% , $40,000; 5%, $10,400; 7%, $12,500.
Number of loans not over $3,000 each, 217, amounting to $322,617.63.
18 real estate loans made during year, amounting to $47,900.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
. • .
Number of deposits during year, 3,767, amounting to

Number of withdrawals during year, 2,187, amounting to

.

.

.

$12,531 28
12,905 08
157,470 50

.

.

N et increase in amount due depositors

$182,906 86
142,653 66
$40,253 20

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

$27,000 Illinois Central 3j^s
5,000 Illinois Central 4s
45.000 N. Y., N. H. & H. 4s
10.000 Northern Pacific 4His

$5,000 Baltimore & Ohio 3His
5.000 Boston & Albany 4s
10.000 Boston & Lowell 4His
10.000 Boston & Maine 4s
10.000 Boston & Maine 4His
5.000 C., B. & Q. 4s
5.000 Fitchburg 4His
5.000 Illinois Central 3s

Street Railway Bonds.
$15,000 Boston Elevated 4s
5,000 Boston Elevated 4Hss

$15,000 Boston & Northern 4s
20,000 Old Colony 4s
5,000 West End 5s
Bank Stocks.
Shs.
85 Home Nl. Bk., Holyoke
40 First Nl. Bk., Northampton
54 Hamp. Co. Nl. Bk„ Northampton

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
42

No.
. 3,190
.
253
147
91
30
14

Amount.
$34,065 43
20,584 22
22,388 04
31,693 62
21,085 11
14,000 00

. 3,725

$143,816 42

No.
From women
. 1,599
From guardians
15
From religious and chari.
200
table corporations
From labor unions
7
In trust .
,
.
229
Totals

transfers, amounting to $13,654.08, not included in above table.

D ates of E xamination, M ay 20, 21.


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

. 2,050

Amount.
$52,211 50
1,089 00
18,022 85
304 74
10,925 52
$82,553 61

126

REPO RT OF THE

[Pub. Doc.

FOXBOROUGH SAVINGS BANK, FOXBOROUGH.
12 CENTRAL STREET.
Incorporated April 18, 1855.

Number of corporators, 30; number of trustees, 15.

G eorge R. E llis, Clerk of the Corporation.
Board o f Trustees: F orrest B assett, H orace Carpenter, E . C. C omet, G. R. E llis , L. E . G ray ,
A . J. Hartshorn, L. B. L awrence , Orlando M cK enzie, F. A . P ettee, F. H. R ichards, J.

Board of Investment: L. E . G rat , A . J. H artshorn, F orrest B assett, J. W . R ichardson, W . A.
Y OU N G.
Auditing Committee: Jarvis W illiams, F. A . Pettee , F. H . R ichards.
Deposits draw interest from first business day of March, June, September and December; dividends
are payable the W ednesday 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.

STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
303 loans on real estate (average of each, $1,454.52) .
.
.
.
$441,670 00
Less amount due on uncompleted loans .
.
.
.
.
.
950 00
,
------------------12 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures \estimated value, $16,000; assessed value, new, not assessed) .
Real estate by foreclosure, etc. (assessed value, $250)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
.
.

$7,000
99,592
97,040
648 5
31,530

00
50
00
00
00

440,720
20,001
16,000
22
10,427
3,399

00
87
00
04
11
33

Total A s s e t s ...........................................$731,917 85

Liabilities.
Due depositors on 1,901 accounts, averaging $342.76 e a c h .......................................... $651,580 05
(Accounts opened during year, 191; closed, 148; increase, 43)
Surplus: —
a. Guaranty fund 14-89% of deposits; increase during year, $2,518.29) .
.
.
31,863 61
b. Profit and loss (increase during year, $2,704.50)
.
.
.
.
.
.
37,133 56
Current income: —
I n t e r e s t ............................................................................................... $12,197 07
Less current expenses not charged off
.
.
.
.
856 44
----------------------11,340 63
Total L ia b ilitie s .......................................... $731,917 85

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$784.49
$1,885.00
$175.00
$10.75
$309.12
$3,164.36
Cost per $1,000 of assets
1.07
2 .57
.23
.01
.42
4 .3 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.00
Gross income received during the year, $38,912.20.


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

127

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 5.54%).
Real estate loans (average rate, 5.96 per cen t.): 5%, $16,600; 5J^%, $2,000; 6%, $422,120.
Personal loans (average rate, 5.50 per cent.): 5%, $9,900; 6%, $10,101.87.
Bonds, stocks, etc. (average rate on amounts invested, 4.78 per cent.); 3%, $5,000; 3% % , $28,000;
4%, $82,000; 43^%, $56,000; 5%, $53,220; 6%, $7,800; 8%, $18,500.
Number of loans not over $3,000 each, 293, amounting to $363,432.50.
29 real estate loans made during year, amounting to $43,875.

Dividends, Deposits and Withdrawals.
$11,398
11,901
5,699
116,750

Ordinary dividends declared during year: D ec., 1913, 2%
June, 1914, 2%
Extra dividend declared during year,
Dec., 1913, 1%
Number gf deposits during year, 1,560, amounting to

66
78
76
38

$145,750 58
97,502 64

Number of withdrawals during year, 1,779, amounting to

$48,247 94

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$7,000 Los Angeles, Cal., 4Ks
Railroad Bonds.
$5,000 Bangor & Aroostook 5s
5.000 Boston & Maine 3s
5.000 Boston & Maine 3p£s
10.000 Boston & Maine 4)4s
5.000 Boston, R. B. & L. 4bis
1.000 Concord & Montreal 4s
12.000 Fitchburg 4s
5.000 Fitchburg 5s
15.000 N. Y., N. H. & H. 3Hs

Par Value.
$9,000 N. Y., N. H. & H. 4s
20,000 No. Maine Seaport 5s
5.000 Upper Coos 4s
8.000 Washington Co. 3}^s
Street Railway Bonds.
$11,000 Boston Elevated 4s
19.000 Boston Elevated 4bis
5.000 Boston & Revere 5s
37.000 Boston & Northern 4s
3.000 Springfield & Eastern 5s
10.000 West End 5s
15.000 Worcester Consol. 4J^s

Bank Stocks.
Shs.
34 Boylston Nl. Bk., Boston
27 Commonwealth Tr. Co., Boston
10 Mt. Vernon Nl. Bk., Boston
11 Nl. Bk. of Commerce, Boston
150 Nl. Shawmut Bk., Boston
14 Old Boston Nl. Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
18 Dedham National Bank
60 Framingham Nl. Bk.
6 National Bank of Wrentham

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 1,198
157
82
69
34
20

Amount.
$21,528 85
13,076 87
12,466 31
24,521 56
24,956 79
20,200 00

. 1,560

$116,750 38

Totals

D ate of E xamination, March 25.


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

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.

No.
765
6

Amount.
$58,743 90
1,490 82

39
99

1,811 82
11,978 20

909

$74,024 74

128

REPO RT OF THE

[Pub. Doc.

FRANKLIN SAVINGS BANK OF THE CITY OF BOSTON, BOSTON.
6 PARK SQUARE.
Incorporated M arch 15, 1861.

Number of corporators, 74; number of trustees, 37.

C hahles H. Baldwin, President.
John H. Sturgis, Treasurer.
Charles D . K eyes, Clerk of the Corporation.
Board of Trustees: E . B. B adger , C. H. B aldwin , G. S. B aldwin, G. G. B radford, E . C. Bradlee,
T. G. B remer, F. H. Brown, I. W. C hick, F. S. C lark, C. F. C urtis, O. H. D avenport, T.
M.
D evlin , C. F. D owse, J. M . E. D rake , A llan F orbes, C ourtenay G uild, H enry Hall ,
E dward Hamlin , H. W. Hart , C. W. Hubbard, J. A. Jacobs, G. V . Leverett, James Longley,
H erbert Lyman, A. E. M ason, Lawrence M ayo , Otis N orcross, J. H. P ierce, A. E. Pillsbury , C. E. R ogerson, H. B. Sawyer , H. S. Shaw , J. P. T olman, E liot W adsworth, W. Q. •
W ales, F. H. W arner, S. H. W hidden.
Board of Investment: J. A . Jacobs, J. H. P ierce , H. W . H art, I. W . Chick, A . E. M ason, C. H.

Baldwin .

Auditing Committee: T . G. B remer, C. F. D owse, T . M . D evlin , J. H . P ierce, F. H. W arner .
Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay­
able February 1 and August 1. Business hours: 9 a .m. to 2 p .m.

STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds . . .
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
750 loans on real estate {average of each, $11,094-07)
Less amount due on uncompleted loans .
.
.
cn .
.
80
loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $200,000;
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.

.
.
.
.

.

.

.

.
.
.
.

$2,020,000 00
3,167,006 25
Y>65J)32 00
300i000 00
137’492 50
57,001 00
57^000 00

.
.
.
.
.
.
.
.
.
$8,322,053 32
.
.
.
1,500 00
----------------------.
.
.
.
.
.
assessed value, $196,000) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.
.
.
.

.

.

.

.

.

.

8,320,553 32
3,390,750 00
200,000 00
451,282 87
47,293 82

Total A s s e t s .......................................... $18,813,411 76

Liabilities.
Due depositors on 29,600 accounts, averaging $592.45 each
.
.
(Accounts opened during year, 3,711; closed, 2,275; increase, 1,436)
Surplus: —
a. Guaranty fund (4.97% of deposits; increase during year, $57,000)
b. Profit and loss (decrease during year, $31,955.59) .
Current income: —
a. I n t e r e s t ......................................................................... $166,791 35
b. R e n t ...............................................................
1,747 01
c. M :scellaneous .
.
.
.
.
.
1 11
Less current expenses not charged off
.
Less State or local taxes not charged off .

.
.

$10,529 88
3,430 00

$17,536,493 89
872,000 00
238,919 71

$168,539 47
13,959 88
154,579 59
11,418 57

Unearned discount

Total L ia b ilitie s ...........................................$18,813,411 76

Total Expenses for the Year, including State Taxes.
State Tax (Net).

Salaries

Rent.

Am ount paid for
$37,908.79 $33,765.16
Cost per $1,000 of assets
2.01
1.79
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $815,225.66.


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

Advertising. Other Expenses.
$732.15
.04

$3,896.09
.21

Total.
$76 302.19
4 .05
2 .04

No.

BANK COMMISSIONER

129

Rates on Investments and Loans (Average on All, 4.54%).
Real estate loans (average rate, 4.63 per cent.): 4%, $1,448,500; 4 $ 1 , 0 4 8 , 5 0 0 ; 4Jdi%, $1,787,350;
4M % , $67,300; 5%, $3,799,792.80; 5M % , $13,000; 5 ^ % , $104,785; 6%, $51,325.52.
Personal loans (average rate, 4.78 per cen t.): 4.20%, $52,500; 4)4% , $950,000; 4 ^ % , $75,000; 4^2%.
$945,000 ; 4 ^ % , $100,000; 4M % , $157,500; 5%, $377,750; 5J^%, $100,000; 5% % , $244,000;
6%, $389,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cen t.): 3M%> $45,000; 3J^%, $1,017,000;
3 ^ % , $50,000; 4%, $2,567,000; 4 ^ % , $2,117,000; 5%, $559,000; 6%, $60,000; 8%, $27,000;
12%, $30,000.
Number of loans not over $3,000 each, 334, amounting to $640,587.80.
64 real estate loans made during year, amounting to $607,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1914, 2%
Aug., 1914, 2%
Number of deposits during year, 23,385, amounting to

$317,069 22
329,784 82
2,864,342 37
$3,511,196 41
2,396,404 54

Number of withdrawals during year, 20,009, amounting to
Net increase in amount due depositors

$1,114,791 87

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$175,000 Massachusetts 3)^s
50.000 New York 4)^s
25.000 Akron, 0., 5s
260.000 Boston 4s
25.000 Belfast, Me., 4s
30.000 Brockton 3J^s
50.000 Bristol, Conn., 4)^s
50.000 Central Falls, R. I., 4s
50.000 Chicago, 111., 4s
11.000 Fitchburg 4s
50.000 Grand Rapids, Mich.,
20.000 Hamilton, 0., 5s
50.000 Indianapolis, Ind., 4s
137.000 Kansas City, Mo., 4)4s
10.000 Medford 3Ms
12.000 Milwaukee, Wis., 3Ms
50.000 Milwaukee, Wis., 4Ms
50.000 Minneapolis, Minn., 4s
25.000 Minneapolis, Minn., 4Ms
10.000 New Bedford 4s
24.000 Newton 4s
100.000 Omaha, Neb., 4Ms
125.000 Rochester, N. Y., 4Ms
26.000 Revere 4s
27.000 Rutland, Vt., 4s
8,000 St. Albans, Vt., 4s
50.000 Stamford, Conn., 4Ms
50.000 Syracuse, N. Y., 4Ms
50.000 Toledo, 0., 4Ms
100.000 Troy, N. Y., 4Ms
75.000 Waterbury, Ct., 4s
100.000 Woonsocket, R. I., 4s

Public Funds, Notes.
P$5o!oOO Medford 3^s
25.000 Quincy 3Ms
50.000 Somerville 3Ms
10.000 East Bridgewater 3Ms
10.000 Stoneham 3Ms
Railroad Bonds.
$50,000 Boston & Albany 3Ms
200.000 Boston & Albany 4s
50.000 Boston & Albany 4Ms
25.000 Boston & Albany 5s
100.000 Boston & Lowell 4s
50.000 Boston & Maine 4s
325.000 Boston & Maine 4Ms
100.000 Boston, R.B. & Lynn 4Ms
50.000 Central R.R. of N. J. 5s
50.000 C., B. & Q. 3Ms
332.000 C., B. & Q. 4s
200.000 Chic. & Northwestern 4s
85.000 Chic., Mil. & St. P. 4Ms
10.000 Chic., Mil. & St. P. 6s
100.000 Concord & Montreal 4s
50,000Erie & Pittsburgh 3Ms
44.000 Fitchburg 4s
200.000 Fitchburg 4Ms
100.000 Illinois Central 3Ms
50.000 Illinois Central 4s
25.000 Louisville & Nashville 4Ms
200.000 N. Y. C. & H. R. 3Ms
50.000 N. Y. & N. E. Term. 4s
280.000 N. Y., N. H. & H. 4s
50.000 Norwich & Worcester 4s

I $75V000 Old Colony 4s
25.000 Penobscot Shore Line 4s
25.000 Peterboro’ & Hillsboro’ 4Ms
50.000 Philadelphia & Erie 6s
20.000 Ports., G. F. & Con. 4Ms
50.000 St. J. & L. C. 5s
100.000 St. Paul, Minn. & Man. 4Ms
100.000 Vermont Valley 4Ms
Street Railway Bonds.
$100,000 Boston Elevated 4Ms
10.000 Boston, Mil. & Brock. 5s
7.000 Bridge., Whit. & Rock. 5s
4.000 Brockton 5s
3.000 Brock., Bridge. & Taun. 5s
10.000 George., Rowley & Ips. 5s
100.000 Lynn & Boston 5s
7.000 N. Bed., Middle. & Brock.Ss
25.000 South Shore & Boston 5s
6.000 Taunton & Brockton 5s
95.000 West End 4s
175.000 West End 4Ms
75.000 West End 5s
50.000 Worcester & Southbridge 4Ms
Bank Stocks.
Shs.
50 Commonwealth Tr. Co., Boston
100 First Nl. Bk., Boston
200 Nl. Shawmut Bk., Boston
20 Nl. Union Bk., Boston
200 Second Nl. Bk., Boston
132 State Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more .
Totals

.
.
.
.

No.
14,557
3,680
1,948
1,723
670
783

Amount.
$318,117 09
295,953 38
298,329 16
624,803 53
476,986 25
835,035 45

23,361 $2,849,224 86

No.
Amount.
From women .
11,189 $1,397,473 85
From guardians
69
22,227 72
From religious and charitable corporations
144
84,477 26
From credit unions .
1
1,000 00
244,651 40
In trust .
.
.
.
1,879
Totals

13,282 $1,749,830 23

24 transfers, amounting to $15,117.51, not included in above table.
D ates

op

E xamination


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

and

A udit , January 22-31 inclusive; July 23-31 inclusive.

130

REPORT OF THE

[Pub. Doc.

FRANKLIN SAVINGS INSTITUTION, GREENFIELD.
332 M AIN STREET.
Incorporated April 2, 1834; number of corporators, 37; number of trustees, 17.
C harles A llen , President.
C harles W . N ims , Treasurer.
C harles N. Stoddard , Clerk of the Corporation.
Board of Trustees: C. P. A ldrich , C harles A llen , C. C. D y e r , F. G. F essenden , J oseph G risw old ,
J. P. L ogan , D an a M alone , W . E . N ichols , C. W . N ims , L ucius N ims , F. H. P a y n e , A . M .
R ic e , J. W . Stevens , C. N. Stoddard , A . L. T y le r , W . N. W ashburn , F. E . W ells .
Board of Investment: J. W . Stevens , L ucius N ims , D ana M alo n e , C. C. D y e r , C harles A llen .
Auditing Committee: C. C. D y e r , W . N . W ashburn , F. H. P ay n 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 .; Saturdays, 9 a . m . to 12.30 p . m ., also
M ondays, 7 to 8.30 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
867 loans on real estate (average of each, $8,771.51) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.
.

.

.
.
.
.
.
.

.

.
.

S3,28
1

47
00

182 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $75,000)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
Total Assets

$560,975
1,388,915
196,087
113,500
36,000

00
00
50
00
00

3,269,903
1,707,672
50,000
28,291
3,070

47
86
00
76
80

$7,354,416 39

Liabilities.
Due depositors on 14,577 accounts, averaging $470.26 each
(Accounts opened during year, 1,415; closed, 1,305; increase, 110)
Surplus: —
a. Guaranty fund (5.03% of deposits; increase during year, $4,000)
b. Profit and loss (increase during year, $43,348.86) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$3,592 08
Less State or local taxes not charged off .
.
1,372 50

.

$6,854,938 32
345,000 00
115,791 37

$43,651 28
4,964 58
--------------

38,686 70

Total L ia b ilitie s .......................................... $7,354,416 39

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$16,695.16 $10,635.00
Cost per $1,000 of assets
2 .2 7
1.45
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $342,668.16.


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

Advertising. Other Expenses.
Total.
$88.47
$2,645.51 $30,064.14
.01
.36
4.09
..........................................
1.82

No. 8.]

BAN K COMMISSIONER.

131

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 4.96 per cent.); 4 14,%, $100,000; 4 X
A % , $80,000; 5%, $3,089,903.47.
Personal loans (average rate, 5.15 per cent.): 4J^%, $45,000; 4J^%, $315,000; 4 % % , $25,000; 5%,
$654,222.86; 5M % , $75,000; 5}4% , $343,600; 5M % . $50,000; 6%, $132,850; 6J^%, $67,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 4%, $1,650,900; 4 M % , $10,000;
4 y2%, $333,100; 5%, $291,400; 5 ^ % , $1,200; 6 ^ % , $600; 7%, $4,500; 8%, $24,400.
Number of loans not over $3,000 each, 780, amounting to $1,072,487.50.
98 real estate loans made during year, amounting to $429,335.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 11,215, amounting to
.

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

Number of withdrawals during year, 9,796, amounting to .

.

Net increase in amount due depositors

SCHEDULE
Public Funds, Bonds.
ll^OjfoOBoston 4s
150,000 Chicago, 111., 4s
25.000 Chicago, 111., 4p£s
45.000 Dayton, 0., 5s
50.000 Pittsburgh, Pa., 4)^s
30.000 Attleborough 4s
18.000 Marblehead 4s
Public Funds, Notes.
$700 Colrain 4s
1.200 Colrain 5p£s
15.000 Deerfield 4J^s
2,800 Deerfield 5s
10.000 Greenfield 4J^s
1,000 Leyden 4s
900 Leyden 5s
16.000 Northfield 4)hs
1.200 Rowe
1.200 Rowe 5s
1.200 Sunderland 4s

4^28

.

.

.

.

.

.

.

.

.
.

.
.

$131,195 79
133,857 17
832,908 50
$1,097,961 46
971,240 95
$126,720 51

OF SECURITIES OWNED.

$900 Deerfield (F. D.) 4}hs
22.000 Greenfield (F. D.) 4s
19.000 South Deerfield (W. D.) 4s
Railroad Bonds.
$33,000 Boston & Albany 4s
25.000 Boston & Albany 5s
75.000 Boston & Maine 4s
100.000 Boston & Maine 4)^s
200.000 C., B. & Q. 4s
25.000 Conn. & Pass. Rivers 4s
25.000 Chic. & Northwestern 4s
25.000 C., R. I. & P. 4s
25.000 Danbury & Norwalk 5s
76.000 Fitchburg 4s
25.000 Fitchburg 4)hs
35.000 Fitchburg 5s
150.000 Illinois Central 4s
50.000 Kal., Alleg. & G. R. 5s
100.000 Mil., L. S. & West. 5s
225.000 N. Y., N. H. & H. 4s
50.000 N. Y. & N. E. Term. 4s

$50,000 New England 4s
25.000 Northern Pacific 4Hs
25.000 Old Colony 4s
25.000 Portland & Ogdens. i} i s
25.000 Sullivan Co. 4s
Street Railway Bonds.
$100,000 Boston Elevated 4s
50.000 Boston Elevated 4p¿s
50.000 Boston & Northern 4s
Bank Stocks.
Shs.
153 Nl. Bk. of Commerce, Boston
34 Webster & Atlas Nl. Bk., Boston
210 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 8,330
. 1,363
.
606
523
173
120

Amount.
$158,733 88
111,034 63
93,055 43
189,304 70
122,217 41
120,001 92

11,115

$794,347 97

No.
From women
. 5,667
From guardians
40
From religious and charitable corporations
105
.
411
In trust .
Totals

Totals

100 transfers, amounting to $38,560.53, not included in above table.
D a t e s o p E x a m in a t io n a n d A u d it , December 14-24, inclusive.


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

. 6,223

Amount.
$409,875 62
4,908 53
8,762 71
62,243 88
$485,790 74

132

REPO RT OF THE

[Pub. Doc.

GARDNER SAVINGS BANK, GARDNER.
29 PARKER STREET.
Incorporated M ay 26, 1868.
J oh n D . E d g e l l , President.

Number of corporators, 54; number of trustees, 18.

F r a n c is S. W h it t e m o r e , Treasurer.
H e n r y F. H o w e , Clerk of the Corporation.

Board of Trustees: C. L. B e n t , E . L. B r o o k s , D . R . C o l l ie r , M . A. C r e e d , A. P. D e r b y , T . B.
D u n n , J. D . E d g e l l , H . W . G a l e , M . J. G r e e n w o o d , M . P. G r e e n w o o d , S e t h H e y w o o d ,
H . F. H o w e , A . E . K n o w l t o n , W . J. M o u n t a in , C . F. R ic h a r d s o n , E . G . W a t k in s , W . H .
W h e e l e r , F. S. W h it t e m o r e .
Board of Investment: J. D . E d g e l l , E. L. B r o o k s , M . A. C r e e d , A . E. K n o w l t o n , H. W . G a l e .
Auditing Committee: C. F. R ic h a r d s o n , H. F. H o w e , W . J. M

o u n t a in .

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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
_
’
Boston Terminal Co. bonds
\
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
907 loans on real estate {average of each, $2,189.80) .
.
.
.
$2,058,i28 56
Less amount due on uncompleted loans .
.
.
.
.
.
71,981 43
10. ,
,
----------- 1----------194 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $74,000)
'.
’.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
!
[
C a s h ............................................................................................................................. !
!

$421 652 55
586 081 47
148'593 78
19 712 30
64 851 00
76^500 00
11 [895 00
1,986,147 13
950 604 25
62’,000 00
446 82
6 00
55 264 66
2^322 94

Total A s s e t s ...........................................$4,386,077 90

Liabilities.
Due depositors on 11,177 accounts, averaging $358.13 each
.
. ,
.
. $4,002,830 55
{Accounts opened during year, 1,791; closed, 1,292; increase, 499)
Surplus: —
a. Guaranty fund {5.10% of deposits; increase during year, $11,000)
.
.
.
204,000 00
b. Profit and loss {increase during year, $9,718.20) .
.
.
.
.
.
102 155 09
Current income: —
a. I n t e r e s t ............................................................... $81,746 62
b. R e n t ...............................................................
135 48
_
----------------------$81,882 10
Less current expenses not charged off
.
.
.
.
4,789 84
----------- ----------77,092 26
Total L ia b ilitie s ...........................................$4,386,077 90

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$8,471.40 $8,519.58 $1,933.28
$255.72
$2,952.00 $22,131.98
Cost per $1,000 of assets
1.93
1.94
.44
.06
.67
5.04
Cost per $1,000 of assets not including State tax and rent .
2.67
Gross income received during the year, $209,598.38.


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

133

BANK COMMISSIONER.

No.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5 per cent.): 4J^%, $9,000; 5%, $1,977,147.13.
Personal loans (average rate, 5.05 per cent.): 4 $ 1 5 , 0 0 0 ; 4 % % , $50,000; 5%, $765,743; 5}4%<
$61,400; 6%, $54,656.55.
Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cen t.): 3J^%, $196,000; 4%, $698,587.50;
4M % , $9,500; 4J^%, $161,000; 5%, $143,800; 6%, $66,600; 7%, $3,400; 8%, $18,900; 10%,
$13,800; 12%, $3,000.
Number of loans not over $3,000 each, 919, amounting to $1,100,371.76.
152 real estate loans made during year, amounting to $325,089.37.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 14,544, amounting to

$75,443 67
76,841 31
690,442 01

Number of withdrawals during year, 8,776, amounting to

$842,726 99
749,571 68

Net increase in amount due depositors

.

.

.

.

$93,155 31

.

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Street Railway Bonds.

$10,000 Atch., Top. & Santa Fe 4s
25.000 Baltimore & Ohio 3J/£s
40.000 Bangor & Aroostook 5s
25.000 Boston & Albany 4s
35.000 Boston & Maine 4s
25.000 Boston & Maine 4Mis
25.000 B., R. Beach & Lynn 4Mis
5.000 C., B. & Q. 5s
5.000 Connecticut River 3Mis
11.000 Delaware & Hudson Co. 4s
30.000 Fitchburg 4s
50.000 Illinois Central 3J^s
25.000 Maine Shore Line 6s
10.000 Mich. Cent. Air Line 4s
10.000 Mil., L. S. & W. 6s
101,000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Northern Pacific 4Ks
10.000 Old Colony 4s
15.000 Penobscot Shore Line 4s
10.000 Portland & R. Falls 4s
20.000 Portland Terminal Co. 4s
10.000 Princeton & Northwest. 3)^s
10.000 Sioux City & Pacific 3Mis
15.000 Upper Coos 4s
20.000 Wash. & Col. River 4s

$15,000 Boston Elevated 4s
25.000 Boston Elevated 4)^s
25.000 Boston & Northern 4s
5.000 Brockton 5s
5.000 N. B., Middleboro & Brock. 5s
20.000 Old Colony 4s
25.000 Springfield 4s
25.000 West End 5s

Public Funds, Bonds.
$20,000 California 4s
I 56,000 Massachusetts 3J^s
j 10,000 New York 4J4s
j 9,000 Beverly 4s
50.000 Chelsea 4s
10.000 Cincinnati, 0., 4Mis
25.000 Dayton, 0., 5:3
6.000 Gloucester 4s
20.000 Los Angeles, Cal., 4Mis
5.000 Malden 4s
10.000 Omaha, Neb., 4Mis
10.000 Portland, Ore., 4s
5.000 Portland, Ore., 5s
26.000 Sioux City, la., 4}is
10.000 Attleborough 4s
25.000 Danvers 4s
20.000 Gardner 3 Mis
37,500 Gardner 4s
10.000 North Attleborough 4s
6.000 Peabody 4s
3.000 Foxborough (W. D.) 4s
5.500 Van Buren, Me. (W. D.), 4s
Public Funds, Notes.
$14,187 Gardner 4s
9.500 Gardner 4Ms
8,400 Hubbardston 4s

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 Bank & Trust Co.
316 First Nl. Bk., Gardner
100 Orange Nl. Bk.
34 Crocker Nl. Bk., Turner’s Falls
171 First Nl. Bk., Winchendon
18 Mechanics Nl. Bk., Worcester

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
$240,275 33
. 4,437
From women
10,146 $182,957 76
Of $50 and less
2,318 99
From guardians
11
108,135 55
1,343
Over $50, not over $100
From religious and chari64,828 07
420
Over $100, not over $200
8,614 01
141
table corporations
332
118,388 67
Over $200, not over $500
242 00
8
From labor unions
71,130 44
101
Over $500, under $1,000
5,774 50
23
In trust
77,500 00
76
Of $1,000 or more .
Totals

12,418

$622,940 49

Totals

2,126 transfers, amounting to $67,501.52, not included in above table.
D a t e s of E x a m in a t io n , June 10-16 inclusive.


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

. 4,620

$257,224 83

[Pub. Doc.

REPO RT OF THE

134

GEORGETOWN SAVINGS BANK, GEORGETOWN.
24
Incorporated M ay 26, 1868.

EAST M AIN STREET.
Number of corporators, 38; number of trustees, 15.

W a l t e r M . B r e w s t e r , President.
E d w a r d S. F ic k e t t , Treasurer.
L e w is H . G il e s , Clerk of the Corporation.

Board of Trustees: L. H . B a t e m a n , W . M . B r e w s t e r , G . F . C a r l e t o n , L. F . C a r t e r , E. A. C h a p l in ,
S. A . D o n o g h u e , E . S. F i c k e t t , L. H . G il e s , F . H . H a r r im a n , M . L. H o y t , T . P . K il l a m , R .
F. M e t c a l f , G . W . N o y e s , H . H . N o y e s , C . E. T y l e r .
Board of Investment: H . H . N o y e s , S. A . D o n o g h u e , C. E. T y l e r .
Auditing Committee: L. H . G il e s , M . L . H o y t , F. H . H a r r im a n .
Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
345 loans on real estate {average of each, $1,096.12) .
18 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $1,450)
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.
.
.
.

.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.

.
.
.

.
.

.
.
.
.
.
.
.

.
.

.

.
.
.
.
.
.
.

.
.
.

.

.
.
.
.

$112,150 00
98,627 50
42,906 25
14,135 00
7,400 00
378,160 67
96,486 61
550 00
13,524 93
1,019 06
$764,960 02

Total Assets

Liabilities.
$723,223 17

Due depositors on 1,699 accounts, averaging $425.68 each
(Accounts opened during year, 110; closed, 116; decrease, 6)
Surplus: —
a. Guaranty fund (5.11% of deposits; increase during year, none)
b. Profit and loss (increase during year, $1,044-98)
Current income: —
a. Interest .
.
.
.
.
.
.
$462 34
b. R ent
.
.
.
.
.
.
.
1,904 67

37,000 00
2,516 92

$2,367 01
147 08
---------------

Less current expenses not charged off

Total Liabilities

.

.

.

.

.

2,219 93
$764,960 02

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$1,349.89
$1,913.01
$275.00
Cost per $1,000 of assets
1.76
2 .5 0
.36
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $35,345.18.


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

Advertising.
$39.00
.05

Other Expenses.
Total.
$602.29
$4,179.19
.79
5.46
3.34

135

BANK COMMISSIONER.

No. 8.'

Rates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5.16 per cent.): 5%, $315,351.85; 5 ^ % , $7,450; 6%, $54,008.82;
614%, $100; 7%, $1,250.
Personal loans (average rate, 5.46 per cent.): 4 ]4% , $5,000; 4 z/ i% , $5,000; 5%, $28,336.61; 5M%>
$10,000; 5% % , $10,000; 6%, $38,150.
*
Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3%, $15,000; 3 ^ % , $5,000;
3 Yt%, $15,000; 3 % % , $20,000; 4%, $125,500; 4 V2%, $79,650; 5%, $18,500; 6%, $2,000.
Number of loans not over $3,000 each, 339, amounting to $316,019.15.
32 real estate loans made during year, amounting to $35,050.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 766, amounting to
.

.

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

Number of withdrawals during year, 1,052, amounting to
Net decrease in amount due depositors

.

.

.

.
.

.

.

.

.

.

.

$14,174 81
14,229 19
62,065 52

.

$90,469 52
92,933 09

.

$2,463 57

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Boston 4s
1.000 Chicopee 4s
3.000 Everett 4s
15.000 Kansas City, Mo., 4)4s
10.000 Los Angeles 4}4s
1.000 Marlborough 4s
5.000 Minneapolis, Minn., 4}^s
5.000 New Bedford 4s
5.000 Omaha, Neb., 4p2S
5.000 San Francisco, Cal., 5s
4.000 Waterville, Me., 4s
4.000 Georgetown 4s
5.000 Longmeadow 4s
10.000 Methuen 4s
2,500 W. & S. Acton (W. S. D.) 4s

Public Funds, Notes.
P$5r,000Holliston 3^s
6,650 Hull 4}4s
20,000 Revere 3.75%
Railroad Bonds.
$10,000 Bennington & Rutland 4}4s
5.000 Boston & Albany 3p£s
5.000 Boston & Maine 4s
4.000 Concord & Montreal 4s
5.000 Dexter & Newport 4s
6.000 Fitchburg 4s
15.000 Illinois Central 3s
10.000 Illinois Central 3}4s
14.000 Illinois Central 4s
5.000 New York & N. Eng. 4s

Par Value.
$2,000 N. Y., N. H. & H. 4s
15,000 Portland Terminal Co. 4s
3.000 Upper Coos 4s
3.000 Upper Coos 4}4s
Street Railway Bonds.
$25,000 Boston Elevated 4}4s
1.000 Dighton, Som. & Swansea 5s
1.000 Hoosac Valley 5s
1.000 Lynn & Boston 5s
5.000 Springfield & Eastern 5s
10,000 West End 4s
Bank Stocks.
Shs.
55 Georgetown Nl. Bk.
20 First Nl. Bk., Ipswich

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
25

.

No.
579
81
37
30
8
6

Amount.
$10,754 97
6,422 90
5,893 78
11,679 98
5,323 70
6,000 00

741

$46,075 33

Totals

.

transfers, amounting to $15,990.19, not included in above table.
D a t e of E x a m in a t io n , M ay 28.


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

No.
387

Amount.
$22,702 14

18
16

1,002 34
688 16

. 4 2 1

$24,392 64

From women
.
.
.
From religious and chari­
table corporations .
.
In trust .
.
.
.
.

136

REPORT OF THE

[Pub. Doc.

GRAFTON SAVINGS BANK, GRAFTON.
Incorporated M arch 13, 1869.

Number of corporators, 41; number of trustees, 22.

H arrington L. N ichols, President.
Joseph A. D odge, Treasurer.
Sumner F. L eonard, Clerk of the Corporation.
Board of Trustees: F. A. A nderson, F. H. C lapp, S. L. D avenport, J. F. D onahue , C. H. E lliot, F.
L. Farnum , Perley G oddard, M artin H ickey , E. A. H owe , E. E. H owe , S. F. Leonard ’
F. M . M cGarry , E dmund M ortimer, H. L. N ichols, Francis Prescott, H. L. R eynolds’
L. M . R ice, C. L. Seabury , J. E. Sheridan , E. P. U sher, F. H . W arren , O. M . W ing .
Board of Investment: H. L. N ichols, Perley G oddard, O. M . W ing , C. L. Seabury , S. L. D avenport .
Auditing Committee: O. M . W ing , M artin H ickey , E. E. H owe .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
'
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
191 loans on real estate {average of each, $1,755.05) .
.
.
.
.
12 loans on personal security
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $4,000)
.
.
.
Deposits in national banks or trust companies
.
.
.
.
'
.
Cash and cash items
.
.
.
.
.
.

’

$30,350
82,900
47,757
7,826
500
335,215
5,400
5,259
1,947
1,106

’
.
.

00
00
50
25
00
00
00
67
93
06

Total A s s e t s .......................................... $518,262 41

Liabilities.
Due depositors on 1,037 accounts, averaging $455.01 each
{Accounts opened during year, 100; closed, 94; increase, 6)
Surplus: —
a. Guaranty fund {5.0%% of deposits; increase during year, $1,450)
b. Profit and loss {increase during year, $944.%4)
Current incom e: —
а. Interest .
.
.
.
.
.
$9,079 24
б. Income — real estate b y foreclosure
460 58
--------------Less current expenses not charged off

$471,852 05
23,700 00
13,879 72

$9,539 82
709 18
8,830 64

Total L ia b ilitie s .......................................... $518,262 41

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$646.67 $1,233.00
$125.00
$30.77
Cost per $1,000 of assets
1.25
2 .37
.24
.06
Cost per $1,000 of assets not including State tax and rent .
Gross income received during year, $24,428.56.


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

Other Expenses.
$806.76
1.55

Total.
$2,842.20
5.47
3.98

BANK COMMISSIONER.

No. 8.]

137

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.12 per cent.): 4pij%, $14,675; 5%, $265,955; 5J^%, $14,850; 6%,
$39 735.
Personal loans (average rate, 5.72 per cent.): 5J^%, $3,000; 6%, $2,400.
Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 4% , $113,350; 4J^%, $27,000;
5%, $30,000; 8%, $600.
Number of loans not over $3,000 each, 176, amounting to $214,940.
23 real estate loans made during year, amounting to $32,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 634, amounting to
.

.

Num ber of withdrawals during year, 861, amounting to

.

N et increase in amount due depositors

.

.

.
.

.

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

.
.

.
.

$9,172 18
9,090 67
54,851 11

.

.

$73,113 96
70,963 03

.

.

$2,150 93

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Par Value.
$5,000 Bangor & Aroostook 5s
5.000 Boston & Albany 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

Public Funds, Bonds.
Par Value.
$8,000 Boston 4s
5,000 San Francisco, Cal., 5s
3,780 Grafton 4s
Public Funds, Notes.
$13,570 Grafton 4s

Street Railway Bonds,
$11,000 Boston Elevated 4s
15,000 Boston Elevated 4p2S
5.000 Boston & Northern 4s
5.000 West End 4s
%12,000 Worcester Con. 4}^s
Bank Stocks.
Shs.
6Spencer Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000

.

Totals
D ate

.

of

No.
468
67
41
29
29
634

E xamination , M ay 27.


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

Amount.
$7,340 18
6,024 96
6,505 96
9,685 01
25,295 00
$54,851

11

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

No.
214
51

Amount.
$21,531 07
789 81

28
3

2,020 00

296

$25,701 43

1,360 55

REPORT OF THE

138

[Pub. Doc.

GRANITE SAVINGS BANK, ROCKPORT.
9 M AIN STREET.
Incorporated March 21, 1884.

Number of corporators, 37; number of trustees, 13.

H enry H. T hurston, President.
G rafton B utman, Treasurer.
R obert H erne, Clerk of the Corporation.
Board of Trustees: James A bbott, A. C. B utman , G rafton B utman, A. H. F rench, L. B. G rimes ,
R obert H erne , G. A. L owe , Francis N oble, B. N. T arr , F. W . T arr , H. H. T hurston,
L. W . T hurston, H. C. T ufts.
Board of Investment: James A bbott, G. A. L owe , B. N. T arr , H. H. T hurston, H. C. T ufts.
Auditing Committee: A. H. F rench, B. N. T arr , F. W . T arr .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
290 loans on real estate (average of each, $1,039.71) .
.
31 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $8,000; assessed
Real estate b y foreclosure, etc. (assessed value, $2,300)
.
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.

.
.

.
.

.
.

.
.

.
.

.

.
.

.

.

.

.

$473,545 05

.
.
.

.
.
.

.
.
.
value, $8,000)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.

.
.

.
.

$65,245 00
33,705 00
6,880 00
14,035 00
3,000 00
301,516 00
27,470 00
8,000 00
5,618 36
487 60
6,015 61
1,572 48

.
.

.

.

.
.

.

.

.
.

.

.

.

Liabilities.
Due depositors on 1,578 accounts, averaging $280.99 each
(Accounts opened during year, 150; closed, 149; increase, 1)
Surplus: —
a. Guaranty fund (4.76% of deposits; increase during year, $2,218)
b. Profit and loss [increase during year, $1,030.74)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

$443,397 18
21,103 00
8,463 20
$780 16
198 49
581 67

Total Liabilities

.

$473,545 05

Total Expenses for the Year, including State Taxes.
State Tax (Net).

Salaries.

Rent.

Amount paid for
$485.53
$1,842.00
$150.00
Cost per $1,000 of assets
1.02
. 3. 89
.32
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $23,623.62.


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

Advertising. Other Expenses.
$94.06
.20

$483.56
1.02

Total.
$3,055.15
6 .45
5.11

139

BANK COMMISSIONER

No. 8.]

Rates on Investments and Loans (Average on All, 5.40%).
Real estate loans (average rate, 5.97 per cent.): 5%, $5,500; 5)^% , $4,100; 6%, $291,916.
Personal loans (average rate, 5.64 per cent.): 5%, $8,980; 5}4% i $1,500; 6%, $16,990.
Bonds, stocks, etc. (average rate on amounts invested, 3.94 per cent.): 2J^%, $200; 3%, $2,000; 3Jdi%,
$15,500; 3 % % , $1,000; 4%, $78,200; 4 V2% , $10,000; 5%, $8,000; 6%, $1,200; 10%, $1,500.
Number of loans not over $3,000 each, 310, amounting to $279,586.
43 real estate loans made during year, amounting to $30,900.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 1,680, amounting to

$8,381 68
8,502 52
80,109 53

Number of withdrawals during year, 1,316, amounting to

$96,993 73
87,316 15
$9,677 58

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$2,000 Massachusetts 3A£s
4.000 Essex Co. 4s
1.000 Akron, 0., 4)^s
3.000 Boston 3)^s
1.000 Boston 4s
6.000 Chelsea 4s
3.000 Chicago, 111., 4s
1.000 Everett 4s
2.000 Fall River 4s
2,00C Joplin, Mo., 5s
2,00C Lowell 3^s
1.000 Lynn 4s
2.000 Minneapolis, Minn., 4s
3.000 New Britain, Conn., 4s
1.000 Pittsburgh, Pa., 4s
2.000 San Francisco, Cal., 5s
2.000 Schenectady, N. Y., 4s
2.000 Sioux City, la., 4A£s
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
2.000 Danvers 4s
2.000 Douglas 4s
1.000 Marblehead 4s
1.000 North Andover 4s
2.000 Orange 4s
2,500 Rockport 3}4s
2.000 Rockport 4s
3.000 Stoneham 4s
2.000 Swampscott
Public Funds, Notes.
$1,000 Plymouth 3%s
Railroad Bonds.
$2,000 Bangor & Aroostook 5s
5.000 Boston & Maine 4s
3.000 Boston & Maine 4his
4.000 Chic., Mil. & St. Paul 4s
7.000 Fitchburg 4s
2.000 Illinois Central 3s

SLOOCHL 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

Street Railway Bonds.
$2,000 Boston Elevated 4s
2.000 Boston Elevated 4A£s
1.000 West End 4s
2.000 West End 4)^s

Bank Stocks.
Shs.
15 Beverly Trust Co.
12 Cape Ann Nl. Bk., Gloucester
2 Gloucester Nl. Bk.
15 Gloucester S. D. & T. Co.
60 Manchester Trust Co.
12 Rockport Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
1,424
133
53
37

Amount.
$21,372 25
11,201 14
8,192 35
13,822 09
7,871 79
11,876 68

1,669

$74,336 30

11
11

From women
From religious and chari­
table corporations .
From labor unions
In trust .
.
.
.
Totals

11 transfers, amounting to $5,773,23, not included in above table.
D ates

of

E xamination , June 1, 2.


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

No.
575

Amount.
$26,475 60

44

10

6

1,624 24
162 00
840 50

635

$29,102 34

140

REPORT OF THE

[Pub. Doc.

GREAT BARRINGTON SAVINGS BANK, GREAT BARRINGTON.
320 M AIN STREET.
Incorporated February 3, 1869. Number of corporators, 36; number of trustees, 16.
W illiam W . N orton, President.
C larence R . Sabin , Treasurer.
C harles G iddings, Clerk of the Corporation.
Board of Trustees: J. C. B enton , O. C. B idwell, J. H. C. C hurch, A . C. C ollins, A. S. Fassett,
C. M . G ibbs , C harles G iddings, F. E. G iddings, R. O. H arper, W . C. H inman , W . W .
N orton, T. E. R amsdell, C. R. Sabin , W . B. Sanford , F. H. T urner , F. H. W right.
Board of Investment: W . W . N orton, O. C. B idwell , A . S. Fassett, F. H. T urner , F. E . G iddings.
Auditing Committee: W . B. Sanford , J. C. B e n t o n Charles G iddings.
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, 1914.
Assets.
P ublic funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
411 loans on real estate (average of each, $2,806.42) .
54 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, 834,500)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

$54,000
451,575
88,782
20,000
31,442
119,884
1,153,441
89,448
40,841
54,132
1,547
.

.

00
00
50
00
50
89
00
00
40
71
96

.

.

.

$2,105,095 96

.

.

.

$1,956,925 03

Liabilities.
Due depositors on 5,359 accounts, averaging $365.17 each
.
.
(.Accounts opened during year, 686; closed, 653; increase, S3)
Surplus: —
a. Guaranty fund (3.93% of deposits; increase during year, $5,100)
b. Profit and loss (increase during year, $5,745.76)
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

77,000 00
37,171 37
$35,961 14
1,961 58
33,999 56

Total Liabilities .

.

.

.

.

$2,105,095 96

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$3,214.39 $3,978.00 $1,000.00
$49.50
$959.25
Cost per $1,000 of assets
1.53
1.89
.47
.02
.45
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $93,689.59.


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

Total.
$9,201.14
4 .36
2.36

No. 8.]

BANK COMMISSIONER.

141

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 4.98 per cent.): 4%, $20,000; 4y2%, $32,500; 5%, $1,082,031; 6%,
$18,910.
Personal loans (average rate, 5.19 per cent.): 5%, $61,150; 5)^% , $22,550; 6%, $5,748.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.); 3Vo%, $115,000; 4%, $446,0004 ^ % , $20,000; 5%, $83,300; 6%, $25,100; 7%, $28,100; 8%, $19,400; 10%, $2,600.
Number of loans not over $3,000 each, 374, amounting to $490,344.
77 real estate loans made during year, amounting to $149,450.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 5,085, amounting to

$36,080 29
37,043 00
368,320 99

Number of withdrawals during year, 4,073, amounting to

$441,444 28
379,290 89

Net increase in amount due depositors

$62,153 39

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Boston 4s
10.000 Bridgeport, Conn., 3J^s
20.000 Chicago, 111., 4s
9,000
Gt. Barrington (F.D.) 4s
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)4s
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
20.000 No. Maine Seaport 5s
55.000 Old Colony 4s
25.000 Washington Co. 3J^s

Street Railway Bonds.
Par Value.
$44,000 Boston Elevated 4s
15.000 Hoosac Valley 4s
10.000 Leom., Shirley & Ayer 5s
10.000 Lynn & Boston 5s
10.000 West End 4s
Bank Stocks.
Shs.
6 First Nl. Bk., Adams
40 Beverly Nl. Bk.
10 Commercial Nl. Bk., Boston
23 Fourth-Atlantic Nl. Bk., Boston
45 Market Trust Co., Boston
14 Nl. Union Bk., Boston
72 Peoples Nl. Bk., Boston
8 Dedham Nl. Bk.
12 Franklin Nl. Bk.
39 Nl. Mahaiwe Bk., Gt. Barrington
8 Franklin Co. Tr. Co., Greenfield
38 First Nl. Bk., Haverhill

Shs.
26 Holyoke Nl. Bk.
25 Park Nl. Bk., H olyoke
24 Lee Nl. Bk.
25 Leominster Nl. Bk.
10 Nl. Bk. of Methuen
30 Monson Nl. Bk.
10 First Nl. Bk., New Bedford
10 Mechanics Nl. Bk., New Bedford
67 No. Adams Nl. Bk.
1 Pittsfield Nl. Bk.
23 Old Colony Nl. Bk., Plymouth
10 Nat. Mt. Wollaston Bk., Quincy
11 Framingham Nl. Bk.
35 Chapin Nl. Bk., Springfield
100 Chicopee Nl. Bk., Springfield
50 Bristol Co. Nl. Bk., Taunton
19 Taunton Nl. Bk.
39 Crocker Nl. Bk., Turners Falls
15 Blackstone Nl. Bk., Uxbridge
5 Ware Nl. Bk.
10 First Nl. Bk., Winchendon
25 Merchants Nl. Bk., Worcester

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
D ates

of

No.
. 3,735
692
315
218
72
53

Amount.
$70,614 65
58,544 22
49,178 37
77,011 14
53,246 61
59,726 00

. 5,085

$368,320 99

E x a m in a t io n , August 3, 4.


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

No.
From women
. 2,482
From guardians
10
From religious and charitable corporations
35
From labor unions
1
In trust .
29
Totals

.

. 2,557

Amount.
$174,230 17
1,169 93
5,543 45
38 85
5,844 58
$186,826 98

[Pub. Doc.

REPORT OF THE

142

GREENFIELD SAVINGS BANK, GREENFIELD.
358 M AIN STREET.
Incorporated March 19, 1869.

Number of corporators, 33; number of trustees, 12.

E ugene B. B lake , President.
W illiam F. A iken , Treasurer.
Samuel D. C onant, Clerk of the Corporation.
Board of Trustees: W . F. A iken , W . S. A llen, E. B. B lake , S. D. C onant, J. E. D onovan, C. L.
Field , L. F. G kaves, R . W . H unteb , C. H. K eith , G. C. Lunt , J. H. Sanderson, F. L.
W hitmore.
Board of Investment: E. B. B lake , C. H. K eith , J. E. D onovan, G. C. Lunt , W . S. A llen .
Auditing Committee: E. B. B lake , C. L. F ield , R . W . H unter.
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
Mondays, 7 to 8.30 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
392 loans on real estate {average of each, $1,4-89.79) .
.
.
.
.
.
.
63 loans on personal security
.
.
.
.
.
.
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $1,700)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h .....................................................
..........................................................................

$46,900
732,552
107,500
54,000
10,254
583,998
438,941
1,500
36,600
2,870

00
50
00
00
00
25
41
00
21
98

. $2,015,117 35

Total Assets

Liabilities.
Due depositors on 4,655 accounts, averaging $401.29 each
{Accounts opened during year, 218; closed, 660; decrease, 44®)
Surplus: —
a. Guaranty fund (5.61% of deposits; increase during year, none)
b. (Profit and loss (increase during year, $8,700.63)
Current incom e: —
Interest
.
.
.
Less current expenses not charged off
.
.
.

Total Liabilities

.

$1,868,027 85
104,888 96
15,739 54

$29,309 17
2,848 17
-----------------

.

26,461 00

. $2,015,117 35

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$7,450.60 $5,578.38
$805.00
$205.64
$1,398.82 $15,438.44
Cost per $1,000 of assets
3 .7 0
2.77
.40
.10
.69
7 .66
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
•
3 .56
Gross income received during the year, $99,646.58.


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

No. 8.

BANK COMMISSIONER.

143

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 5.11 per cen t.): 5%, $518,248.25; 6%, $65,750.
Personal loans (average rate, 5.28 per cent.): 5%, $310,057.41;
$8,000; 6%, $120,884.
Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cent.): 3%, $50,000; 3)4% , $261,000:
4%, $412,000; 4M % , $32,400; 5%, $219,500; 6%, $53,000.
Number of loans not over $3,000 each, 400, amounting to $416,815.75.
19 real estate loans made during year, amounting to $49,750.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 958, amounting to
.

.

Number of withdrawals during year, 2,527, amounting to
Net decrease in amount due depositors

.

.

.

.
.
.
.
$39,758 06
.......................................... 38,011 88
.
.
.
.
136,080 52

.
.

.
.

.
.

.
.

.

$213,850 46
368,643 70

.

$154,793 24

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.
Par Value.
$2,500 Bernardston 5s
5,000 Colrain (F.D.) 4s
32,000 Greenfield (F.D.) 4s
7,400 Northfield 4J^s

Railroad Bonds.
Par Value.
$50,000 Boston & Maine 3s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4Ms
125,000 C., B. & Q. 3Mis
50.000 C .,B. &Q. 4s
47.000 Chicago & Nortnwest. 5s
53.000 Chicago & Northwest. 6s
57.000 Fitchburg 4s
76.000 Illinois Central 3Ms

Par Value.
$100,000 Milwaukee, L. S. & W. 5s
133,000 N. Y., N. H. & H. 4s
50.000 Sioux City & Pacific 3Ms
10.000 Washington Co. 3Ms
Street Railway Bonds.
$10,000 Athol & Orange 5s
50.000 Lynn & Boston 5s
50.000 Springfield 4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.

No.
566
134
62
86
28
23

Amount.
$11,009 02
11,431 97
10,088 26
33,618 43
19,918 98
23,037 66

899

$109,104 32

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

Totals

.

59 transfers, amounting to $26,976.20, not included in above table.
D ates

of

E xamination


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

and

A udit, M ay 18-23 inclusive.

No.
405
1

Amount.
$38,324 40
500 00

13
3

2,541 21
2,250 00

422

$43,615 61

[Pub. Doc.

REPORT OF THE

144

GROVE HALL SAVINGS BANK, BOSTON.
648 WARREN STREET (ROXBUR Y DISTRICT).

Incorporated January 30, 1914.

Number of corporators, 34; number of trustees, 21.

Joseph L. D owney , Treasurer.
A lbert A. G inzberg, President.
G uy A. H am , Clerk of the Corporation.

Board of Trustees: P. S. A ronson, T obias B erman, E. J. B rody, R euben B roomfield, W . L.
C ollins, J. L. D owney , A. A. G inzberg , J. H. G oodman, A. M. G reenblatt, Oscar G rosberg,
G. A. H am , C olman Levin , M . L. L ourie, H yman Phillips, N athan Pinanski, L ouis R osen­
berg , A. R. R osenthal, Joseph R udnick, I. W . Shapira, James Solomont, H arris U lin .

Board of Investment: Joseph R udnick, P. S. A ronson, I. W . Shapira, A. A. G inzberg , A. R. R osen­
thal, J. H. G oodman, N athan P inanski.

Auditing Committee: E. J. Brody, A. M . G reenblatt, M . L. L ourie.

Deposits draw interest from second W ednesday of February, M ay, August and November; dividends
are payable the second W ednesday of M ay and November. Business hours: 9 a .m . to 3 p.m .
also Thursdays and Saturdays, for deposits only, 7 to 9 p.m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
$4,000 00
2,895 00
4,925 00

Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
8 loans on real estate (average of each, $5,912.50)
Less amount due on uncompleted loans .

$53,800 0Ó
6,500 00
47,300
6,000
73
4,028
4,065

1 loan on personal security .
.
.
.
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

.

.

00
00
08
99
35

.

.

.

$73,287 42

.

.

.

$72,302 09

.

985 33

Liabilities.
Due depositors on 838 accounts, averaging $86.28 each .
.
(Accounts opened during year, 942; closed, 104; increase, 838)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Total Liabilities
Gross income received during the year, $985.33.


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

.
.

.

.

$73,287 42

No.

BANK COMMISSIONER.

145

Rates on Investments and Loans (Average on All, 5.11%).
Real estate loans (average rate, 5 per cent.): 5%, $47,300.
Personal loans (average rate, 7 per cent.): 7%, $6,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.62 per cent.): 4j^ % , $10,000; 5%, $2,000.
Number of loans not over $3,000 each, none.
8 real estate loans made during year, amounting to $47,300.

Dividends, Deposits and Withdrawals.
Number of deposits during year, 3,283, amounting to
.
Number of withdrawals during year, 476, amounting to .
Net increase in amount due depositors

.

.

.

.

.
.

.

.
.

.

.
.

.

.
.

.
.

$85,041 19
12,739 10
$72,302 09

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$2,000 Los Angeles, Cal., 4J^s
2,000 San Francisco, Cal., 5s

Railroad Bonds.
Par Value.
$3,000 Chic., Mil. & St. Paul 4)^s

Street Railway Bonds.
Par Value.
$5,000 West End 4pas

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 3,005
135
57
54
15
15

Amount.
$18,376 32
11,481 08
9,057 25
20,770 38
10,285 16
15,000 00

. 3,281

$84,970 19

No.
From women
1,113
From guardians
1
From religious and charitable corporations .
10
In trust .
.
.
.
478
Totals

Totals

2 transfers, amounting to $71, not included in above table.
D ates

op

E xamination , October 5, 6.


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

1,602

Amount.
$57,936 16
• 958 00
2,011 90
10,969 19
$71,875 25

[Pub. Doc.

REPORT OF THE

146

HAMPDEN SAVINGS BANK, SPRINGFIELD.
294 M AIN STREET.
Incorporated April 13, 1852.

Number of corporators, 42; number of trustees, 14.

D wight 0 . G ilmore , President.
John B. Phelps, Treasurer.
L ou is C. H yde , Clerk of the Corporation.
Board of Trustees: H. J. B eebe , H. R . B emis, F. E. C arpenter, G. R . E stabrook, W . E. G ilbert ,
D . O. G ilmore , H. S. H yde , L. C. H yde , C. H. M ulligan, Peter M urray , L. J. P owers,
M . S. Southworth, F. H. Stebbins, E. T. T ifft .
Board of Investment: D . O. G ilmore , F. H. Stebbins, F. E. Carpenter, W . E. G ilbert .
Auditing Committee: H. S. H yde , M . S. Southworth, E. T. .T ifft .
Deposits draw interest from the fifteenth day of February, M ay, August and N ovem 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, 1914.
Assets.
$50,000
1,361,342
174,000
92,023
28,850
3,255,025
424,431
121,371
7,689

Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. C o. bonds
Stocks of banks and trust companies
364 loans on real estate (average of each, $8,94%.37)
60 loans on personal security
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

.

.

00
00
00
75
00
00
69
47
85

.

.

.

$5,514,733 76

Due depositors on 9,584 accounts, averaging $538.93 each
.
.
.
CAccounts opened during year, 1,782; closed, 1,523; increase, 199)
Surplus: —
a. Guaranty fund (5.06% of deposits; increase during year, $11,950)
b. Profit and loss (increase during year, $19,376.84) .
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

$5,165,181 60

.

.

261,450 00
74,441 80

Liabilities.

$17,187 72
3,527 36

13,660 36

Total L ia b ilitie s .......................................... $5,514,733 76

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$9,195.89 $9,270.40 $4,600.02
$1,701.93 $24,768.24
Cost per $1,000 of assets
1.66
1.68
.83
.30
4 .4 7
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.98
Gross income received during year, $251,379.77.


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

147

BANK COMMISSIONER.

No.

Rates on Investments and Loans (Average on All, 4.68%).
Real estate loans (average rate, 4.98 per cent.); 4J^%, $100,000; 5%, $3,155,025.
Personal loans (average rate, 5.36 per cent.): 5%, $215,750; 5p2%, $113,022.69; 6%, $95,659.
Bonds, stocks, etc. (average rate on amounts invested, 3.93 per cent.): 3J^%, $625,000; 4% , $975,000;
4 ^ % , $50,000; 5%, $71,300; 8%, $5,000.
Number of loans not over $3,000 each, 227, amounting to $364,191.69.
53 real estate loans made during year, amounting to $406,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: February, 1914, 2% .
August,
1914, 2% .
Number of deposits during year, 11,127, amounting to
.
.

Number of withdrawals during year, 8,781, amounting to
Net increase in amount due depositors

.

.

.

.
.

.

.
.

.
.

.
.
.

.
.

$96,024 23
99,019 86
1,047,847 34

.

.

.

.

$1,242,891 43
1,025,799 77

.

.

.

.

.

.

$217,091 66

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$50,000 Boston 3 ^ s

Railroad Bonds.
$50,000 Boston & Albany 4s
50.000 Boston & Lowell 4}4s
50.000 Boston & Maine 3p£s
50.000 B. & N. Y. Air Line 4s
100.000 C., B. & Q. 3^s
100.000 C., B. & Q. 4s

Par Value.
$200,000 Conn. River 4s
50.000 Fitchburg 3Mis
50.000 Fitchburg 4s
225.000 Illinois Central 3M>s
50.000 N. Y. C. & H. R. 3^s
50.000 N. Y. & N. E. Term. 4s
100.000 N. Y., N. H. & H. 3J^s
200.000 N. Y., N. H. & H. 4s
50.000 Old Colony 4s

Street Railway Bonds.
Par Value.
$75,000 Boston Elevated 4s
50.000 Boston Elevated 5s
50.000 Springfield 4s
Bank Stocks.
Shs.
50 Nl. Bk. of the Republic, Boston
30 First Nl. Bk., Norwich, Ct.
213 Chapin Nl. Bk., Springfield
50 Chicopee Nl. Bk., Springfield

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 7,813
. 1,439
.
693
.
562
.
157
.
214

Amount.
$149,151 43
115,431 69
105,206 72
200,428 51
112,514 62
214,450 00

10,878

$897,182 97

No.
. 4,962
From women
33
From guardians
From religious and chari65
table corporations
3
From labor unions
46
In trust .

Amount.
$402,689 23
6,887 35

. 5,109

$428,851 89

* Totals

249 transfers, amounting to $150,664.37, not included in above table.
D ates

of

E xamination , March 19, 20.


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

5,711 77
1,018 00
12,545 54

148

REPO RT OF THE

[Pub. Doc.

HAVERHILL SAVINGS BANK, HAVERHILL.
153 M ERRIM ACK STREET.
Incorporated February 8, 1828.

Number of corporators, 57; number of trustees, 18.

W illiam W . Spaulding, President.
R aymond N oyes, Treasurer.
A lfred E. C ollins, Clerk of the Corporation.
Board of Trustees: I. A. A bbott, W . E . B ix b y , R . S. C hase , J. A. C olby, C. E. D ole, W . H. F loyd,
E. G. F bothingham, H. B. G oodrich, H. M. G oodwin, J. L. H obson, F. E. H utchinson, G. W .
Lennox , H. E. Lew is , J. A. Lynch , F. D . M cG regor, I saac P oor, C. D . P orter, W . W .
Spaulding.
Board of Investment: W . W . Spaulding, F. D. M cG regor, H. E. L ew is .
Auditing Committee: C. E. D ole, W . H. F loyd, J. A. C olby.
Deposits draw interest from third W ednesday 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
Stocks of banks and trust companies
.
.
886 loans on real estate (average of each, $4,616.53)
Less amount due on uncompleted loans .
.

.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
$4,115,150 00
24,900 00

64 loans on personal security .
Bank building and fixtures (estimated value, $76,000, assessed value, $84,600)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

$577,250
926,928
213,259
121,831
153,100

00
75
00
25
00

4,090,250
1,541,100
25,000
201,269
7,057

00
00
00
63
25

.

$7,857,045 88

.

$7,129,060 45

Liabilities.
Due depositors on 16,298 accounts, averaging $437.42 each
{Accounts opened during year, 1,398; closed, 1,279; increase, 119)
Surplus: —
a. Guaranty fund (4-95% of deposits; increase during year, $12,000)
h. Profit and loss (increase during year, $16,345.06) .
Current incom e: —
a. I n t e r e s t ............................................................... $6,044 33
b. Rent
.
.
.
.
.
.
.
29 17

$6,073 50
18 15
---------------

Less current expenses not charged off
Due on foreclosure sale
Insurance account


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

352,800 00
367,408 74

Total Liabilities

.

6,055 35
210 64
1,510 70

. $7,857,045 88

149

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$12,906.11 $12,527.00 $2,500.00
Cost per $1,000 of assets
1.64
1.59
.32
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total.
$1,793.40 $29,726.51
.23
3 .78
1.82

Gross income received during the year, $371,811.04.

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 4.94 per cent.): 4)/(>%, $45,000; 4 % % , $951,500; 5%, $3,073,275;
5X
A % , $2,350; 6%, $18,125.
Personal loans (average rate, 5.06 per cen t.): 4M %i $150,000; 4;^%, $75,000; 4 J-^%, $535,000; 4 ^ % ,
$113,800; 5%, $175,000; o}/2%, $205,000; 5 ^ % , $25,000; 6%, $7,300; (iV2%, $205,000; 7%o%,
$50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.52 per cent.): 3M % , $343,000; 4%, $892,000;
4M % , $57,000; 4)^% , $463,000; 5%, $105,000; 5 ^ % , $32,000; 7%, $18,700; 8%, $134,400.
Number of loans not over $3,000 each, 583, amounting to $927,875.
106 real estate loans made during year, amounting to $608,600.

Dividends, Deposits and Withdrawals.
$150,590 19
152,734 99
932,967 92

Ordinary dividends declared during year: April,
1914, 2
October, 1914, 2M %
Number of deposits during year, 15,195, amounting to

Number of withdrawals during year, 13,112, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.
.

$1,236,293 10
1,001,002 08

.
.

•

$235,291 02

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Railroad Bonds.
$67,000 Atch., Top. & Santa Fe 4s
100.000 Boston & Albany 3Hs
25.000 Boston & Maine
133.000 Boston & Maine 4Hs
100.000 Boston & Providence 4s
75,COO Concord & Montreal 4s
50.000 Conn. River 3Ms
15.000 Dexter & Piscataquis 4s
30.000 Illinois Central 4s
25.000 N. Y. & N. E. Term. 4s
120.000 N. Y „ N. H. & H. 3^s
50.000 N. Y., N. H. & H. 4s
33.000 Old Colony 3J^s
100.000 Old Colony 4s
20.000 Penobscot Shore Line 4s
15.000 Washington Co.

$20,000 Bay City, Mich., 4s
90.000 Boston 4s
57.000 Boston 4}^s
15.000 Brockton 4s
25.000 Fall River 4s
100,000 Los Angeles, Cal., 4J^s
32.000 Oakland, Cal., 5}4s
25.000 Omaha, Neb., 4J^s
25.000 Portland, Ore., 4s
50.000 Portland, Ore., 4J^s
95.000 San Francisco, Cal., 5s
45.000 Seattle, Wash., 4}^s

Street Railway Bonds.
$25,000 Boston Elevated 4bi>s
50.000 West End 4s
85.000 West End 4b£s
10.000 West End 5s
50.000 Old Colony 4s
Bank Stocks.
Shs.
187 Fourth-Atlantic Nl. Bk., Boston
500 Nl. Shawmut 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.

.

No.
11,997
1,609
637
498
167
98

Amount.
$219,349 73
129,190 82
98,537 96
176,133 17
125,708 34
107,000 00

. 15,006

$855,920 02

.
.
.
.

No.
From women
7,580
From guardians
27
From religious and charitable corporations .
65
5
From labor unions
24
In trust .
.
.
.
Totals

189 transfers, amounting to $77,047.90, not included in above table.
D ates

of

E xam ination , March 23, 24.


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

7,701

Amount.
$436,775 83
4,732 99
16,325 59
110 00
3,772 27
$461,716 68

REPO RT OF THE

150

[Pub. Doc.

HAYDENVILLE SAVINGS BANK, HAYDENVILLE.
SOUTH M AIN STREET.
Incorporated March 17, 1869.
B ybon L oomis, President.

Number of corporators, 41; number of trustees, 24.

W ilbur M . Pukrington, Treasurer.
A lfred G. C one , Clerk of the Corporation.

Board of Trustees: H oratio B isbee , T . I. B reckenridge, F. H. B ryant , R. F. B urke , C. F. B urr,
L. W . C lapp, C. E. C larke , A. G. C one , C. S. D amon , S. A. E wing , H. W . G raves, J. W . H ill ,
C. B. H osford, H. P. H owes , T. P. Larkin , B yron L oomis, C. N. L oud, G eorge M arks ,
J. W . M ason , E. F. M iller , Lawrence M olloy, H. A. Smith, S. W . T ilton , C. H. W aite .
Board of Investment: B yron L oomis, T . P. Larkin , T . I. B reckenridge, C. E. C lark , C. S. D amon .
Auditing Committee: J. W . H ill , L. W . C lapp, H. A. Smith .
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 4 P .M .; Saturdays,
9 a . m . to 12 M .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
390 loans on real estate (average of each, $1,QUO.35) .
.
.
.
.
173 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $6,000; assessed value, $5,200)~
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.

.
.
.
.
.

$62,301 61
93,605 00
5,000 00
8,737 50
13,000 00
475,937 78
45,832 71
5,000 00
82 48
47 86
18,233 66
1,368 47

Total A s s e t s .......................................... $729,147 07

Liabilities.
Due depositors on 1,929 accounts, averaging $356.37 each
(,Accounts opened during year, 320; closed, 256; increase, 6If)
Surplus: —
a. Guaranty fund (4-95% ° f deposits; increase during year, $1,900)
h. Profit and loss (increase during year, $1,769.26)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

$687,447 14
34,000 00
5,035 68
$3,618 98
954 73
---------------

2,664 25

Total L ia b ilitie s .......................................... $729,147 07

No. 8.]

BANK COMMISSIONER.

151

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$822.12
$1,800.00
$240.00
$342.70
Cost per $1,000 of assets
1.13
2 .4 7
.33
.47
Cost per $1,000 of assets not including State tax and rent .
,
.

Other Expenses.
Total.
$780.64
$3,985.46
1.07
5.47
.
.
.
4.01

Gross income received during the year, $32,717.94.

Rates on Investments and Loans (Average on All, 4.89%).
Real estate loans (average rate, 5.05 per cent.): 5%, $448,094.62; 5J^%, $3,700.11; 6%, $24,143.05.
Personal loans (average rate, 5.73 per cent.): 5%, $12,486.25; 6%, $33,346.46.
Bonds, stocks, etc. (average rate on amounts invested, 4.24 per cent.): 3 H % , $32,000; 4%, $110,100;
4 y2% , $15,000; 5%, $20,526.61; 5 H % , $2,500; 6%, $2,100; 7%, $2,500; 10%, $900.

Number of loans not over $3,000 each, 524, amounting to $349,520.49.
36 real estate loans made during year, amounting to $63,517.40.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 1,672, amounting to
.

.

Number of withdrawals during year, 1,387, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

$12,504 38
13,008 28
122,374 00

.

$147,886 66
103,985 83

.

$43,900 83

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
sfo,000 Boston 3V2s
10.000 Boston 4s
1,000 Chicago, 111., 4s
14.000 Williamsburg 4s

Public Funds, Notes.
$1,526 Goshen 5s
19,300 Williamsburg 4s
6,500 Williamsburg 5s

$20,000 Boston & Maine 4s
10.000 Boston & Maine P/2s
20.000 C„ B. & Q. 4s
10.000 Chic., R. I. & Pac. 4s
10.000 Illinois Central 3)^s
12.000 N. Y., N. H. & H. 3^s
4,000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s

Street Railway Bonds.
$5,000 Worcester Con. 4}4s
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.

Classification of Deposits received during the Year ending October 31, 1914.
No.
. 1,291
155
73
83
35
19

Amount.
$19,663 21
11,805 95
10,266 05
29,175 20
24,684 55
19,583 79

. 1,656

$115,178 75

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
T otals

Totals
16

transfers, amounting to $7,195.25, not included in above table.

D ates o r E xam ination , August 24, 25.


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

No.
511

Amount.
rc
CO
CO

Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

1

79
80 67

111
8

7,101 0 0
4,405 67

631

$40,222 13

REPORT OF THE

152

[Pub. Doc,

HIBERNIA SAVINGS BANK, BOSTON,
201 W ASHINGTON STREET.

Incorporated M ay 21, 1912.

Number of corporators, 54; number of trustees, 35.

James W . R eardon , Treasurer.
P atrick O’H e a rn , President.
James N. C lar k , Clerk of the Corporation.

Board of Trustees: R. H. B a k e r , J. J. B a r r y , J. F. C ar en s , J. N. C la r k , J. F. C ronin , F. J. C rosby ,
J. E. C ro w le y , J. M . C ur ley , F. L. D a l e y , T. W . G ood, J. M . G raham , B. J. H ea n e y , E. L,
L ogan , J. F. Low , G. P. M ac L ella n , D. H. M a g u ir e , F. X . M ah oney , E rnest M onahan ,
J. F. M c D onald , F. J. M cG rath , J. A. M cG rath , J. R . M cV e y , W . P. M eehan , S. J. M oran ,
C. H. N orton , J. F. O’C onnell , P atrick O’H earn , P. P. P orter , J. W . R eardon , T . J.
R eardon , C. F. R iordan , L. K . R ourke , J. J. Sca rry , J. T . Scully , E . F. S kahan .

Board of Investment: P atrick O’H e a rn , J. R . M cV e y , J. F. O’C onnell , W . P. M eehan , J. F. L ow ,
L. K . R ourke , G. P. M ac L ellan , E rnest M onahan , J. F. C ronin , F. J. C rosby .

Auditing Committee: J. N. C la r k , R . H. B a k e r , C. H. N orton .
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 .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Street railway bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
112 loans on real estate (average of each, $3,^32.86)
Less amount due on uncompleted loans .
23 loans on personal security
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

$48,254
1,850
9,733
2,331

00
00
75
12

384,480
147,250
278
14,627
3,892

00
00
20
68
75

$385,330 00
850 00

Total Assets

$612,697 50

o t r o r a eri n or ÍK3 4 .& fiQ p a o l i

$603,241 96

Liabilities.
r lo n A Q i + r\ra r»n

1 73H

on n on n ta

n u a . ----

a. Guaranty fund (.33% of deposits; increase during year, $1,235.15)
h. Profit and loss (increase during year, $3,008.43)
Current income: —
LIlLtîltÎÔU
Interest
Unearned discount


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

Total Liabilities .

1,985 15
4,032 10
2,342 32
1,095 97
$612,697 50

No. 8.]

BANK COMMISSIONER.

153

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$501.69
$1,250.00
—
Cost per $1,000 of assets
.82
2.04
—
Cost per $1,000 of assets not including state tax and rent, nothing.

Other Expenses.
—

Total.
$1,751.69
2 .86

Gross income received during the year, $22,479.17.

Rates on Investments and Loans (Average on All, 5.01%).

2

Real estate loans (average rate, 5.11 per cent.): 5%, $296,480; oJ/ %, $88,000.
Personal loans (average rate, 5.03 per cent.): ^'A%, $50,000; 4 % % , $30,000; 5%, $35,400; 6%,
$21,850; 6}4% , $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 4%, $31,500; 4J4%, $10,000;
4 H % , $10,000; 5%, $10,000; 6%, $1,700.
Number of loans not over $3,000 each, 53, amounting to $100,480.
37 real estate loans made during year, amounting to $134,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 3,278, amounting to
.

.

Number of withdrawals during year, 1,828, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.

.

.

.

.
.

$6,442 65
8,352 02
413,819 97

.

$428,614 64
221,590 91

.

$207,023 73

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Boston 4s
10,000 San Francisco, Cal., 5s
1,000 Winthrop 4s

Public Funds, Notes.
P$2,000 Needham 4s
10.000 Revere 4)^s
10.000 Swampscott 4J^s
500 Walpole 4s

Street Railway Bonds.
$2,000 Boston & Northern 4s
Bank Stocks.
Shs.
17 Federal Trust Co., Boston

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

No.
. 2,046
498
294
.
229
86
120

Amount.
$40,574 94
41,494 14
46,302 31
82,569 10
62,113 67
135,634 21

. 3,273

$408,688 37

Totals

5 transfers, amounting to $5,131.60, not included in above table.
D ates

op

E xamination


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

and

No.
697
12

Amount.
$89,968 33
5,515 10

72
9
261

27,113 83
8,425 00
57,828 83

. 1,051

$188,850 91

From women
.
From guardians
From religious and charitable corporations
From labor unions
In trust .
.

A udit , September 10-12 inclusive.

154

[Pub. Doc.

REPORT OF THE

HINGHAM INSTITUTION FOR SAVINGS, HINGHAM.
M AIN STREET.
Incorporated April 2, 1834.

Number of corporators, 55; number of trustees, 14.

M orris F. W hiton , President.
H oward P. H ersey , Treasurer.
E lmer L. C urtiss , Clerk of the Corporation.
Board of Trustees: C. B. B arnes , E . L. C urtiss , H. W . C ushing , W . B. F earing , J. S. F o w ler ,
F. M . H ersey , H. P. H ersey , W . W . H e r sey , E. B. L oring , B. A . R obinson , E . F. Skinner ,
E . E . W h itn e y , M . F. W hiton , B. C. W ilder .
Board of Investment: M . F. W h iton , H. W . C ushing , F. M . H ersey , W . B. F earing .
Auditing Committee: M . F. W h iton , W . W . H ersey , B. A . R obinson .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay­
able the W ednesday 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, 1914.

Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
392 loans on real estate (average of each, $3,527.93) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.
.

.
.
.
.

.
.

.
.

.

.

.
.

.

.
.
.
.
$1,383,148 76
200 00

31 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $5,000; assessed value, $3,500)
Deposits in national banks or trust companies .
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

$161,686
542,277
147,754
100,000
54,585
9,000
31,974

20
50
00
00
00
00
24

1,382,948
497,010
5,000
57,091
1,246

76
00
00
31
63

$2,990,573 64

Liabilities.
Due depositors on 5,338 accounts, averaging $518.62 each
(.Accounts opened during year, 407; closed, 420; increase, 47)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $2,137) .
h. Profit and loss (increase during year, $16,342.05) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$2,410 49
Less State or local taxes not charged off .
59 50

$2,768,398 20
138,419 00
39,194 55
$45,588 29
2,469 99
43,118 30
1,443 59

Unearned discount


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

Total Liabilities

.

.

$2,990,573 64

No. 8.]

BANK COMMISSIONER.

155

Total Expenses for the Year, including State Taxes.
State Tax (Net).

Salaries.

Rent.

Advertising. Other Expenses.

Amount paid for
$5,904.32 $6,534.37
$500.00
Cost per $1,000 of assets
1.97
2 .1 8
:17
Cost per $1,000 of assets not including State tax and rent .

$86.50
.03

$2,349.24
.78

Total.
$15,374.43
5.13
2 .9 9

Gross income received during the year, $140,440.12.

Rates on Investments and Loans (Average on All, 4.94%).
Real estate loans (average rate, 5.28 per cent.): 4%, $3,000; 4J^%, $10,500; 4 % % , $45,000; 5% ,
$812,539.76; 5M %- $9,500; 5J^%, $212,250; 6%, $277,759; 6 ^ % , $12,000; 7%, $400.
Personal loans (average rate, 5.92 per cent.): 4J^%, $65,000; 4J£%, $25,000; 4J^%, $25,000; 5%,
$51,850; 5M % . $25,000; 6%, $87,660; 6 y2%, $25,000; 6% % , $50,000; 7%, $132,500; 7 % % ,
$ 10 , 000 .
Bonds, stocks, etc. (average rate on amounts invested, 4.04 per cent.): 3J^%, $435,000; 4%, $434,500;
4 }4% , $89,372.20; 5%, $65,000; 5y2%, $15,000; 6%, $27,000.
Number of loans not over $3,000 each, 268, amounting to $390,153.76.
34 real estate loans made during year, amounting to $132,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared dining year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 3,264, amounting to

$53,196 53
53,727 69
283,479 52

Number of withdrawals during year, 3,384, amounting to

$390,403 74
360,760 79
$29,642 95

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 California 4s
10.000 Baltimore, Md., 4s
53.000 Boston 4s
10.000 Chelsea 3J^s
15.000 Oakland, Cal., 5)^s
25.000 Oshkosh, Wis., 4s
10.000 Springfield 3)^s
10.000 Waterbury, Ct., 3b£s
5,000 Woonsocket, R. I., 4s
Public Funds, Notes.
$9,372 Hingham 4J^s
Railroad Bonds.
$25,000 Atch., Top. & Santa Fé 4s
20,000 Bangor & Aroostook 5s

Par Value.
$20,000 Boston & Albany 3Hs
15.000 Boston & Maine 3}^s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)/£s
18.000 Burlington & Mo. River 6s
70.000 C„ B. & Q. 3Ks
20.000 Chic., R. I. & Pacific 4s
5,000 Erie & Pittsburgh 3)^s
25.000 Fitchburg 4s
15.000 Fitchburg 5s
25.000 Illinois Central 3}^s
45.000 Illinois Central 4s
5,C00 Mich. Central 3Jdis
25.000 Minn. & Iowa 3b§s
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 3}4s
25.000 Princeton & Northwest. 3}4s

Street Railway Bonds.
$50,000 Boston Elevated 4s
35.000 Boston Elevated 4J^s
14.000 Boston & Northern 4s
25.000 Springfield 4s
25.000 Worcester Con. 4}^s

Bank Stocks.
Shs.
90 Hingham Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

.
.

No.
2,397
369
170
157
56
52

Amount.
$45,691 89
30,205 17
26,290 01
55,790 44
40,596 42
54,997 68

3,201

$253,571 61

No.
From women
1,846
From guardians
36
From rebgious and charitable corporations .
57
2
From labor unions
In trust .
.
.
.
486
Totals

63 transfers, amounting to $29,907.91, not included in above table.
D ates

op

E xam ination , January 29, 30.


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

2,427

Amount.
$133,464 17
3,578 53
7,910 90
168 00
11,921 75
$157,043 35

156

REPORT OF THE

[Pub. Doc.

HOLLISTON SAVINGS BANK, HOLLISTON.
W ASHINGTON STREET.
Incorporated February 27, 1872. Number of corporators, 25; number of trustees, 15.
C harles D. F ish er , President.
A lbert E. P h ipps , Treasurer.
J ohn M . B atchelder , Clerk of the Corporation.
Board of Trustees: H. L. A dams , C. H. M . B ar tlett , J. M . B atchelder , C. A. C row ley , A. M.
C u tle r , E. A. D an iels , J. H. D ew in g , C. P. D ozois , C. D. F ish er , W'. P. K ingsbury J F
L eland , P. F. L eland , A loise M ae de r , J. H. M ahoney , A. E. P h ipps .
Board of Investment: C. D . F ish er , H. L. A dams , C. A. C row ley , J. F. L eland , A loise M ae de r .
Auditing Committee: C. H. M . B ar tlett , A. M . C u tler , C. P. D ozois.
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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
192 loans on real estate (average of each, $1,293.94)
Less amount due on uncompleted loans .

$248,481 95
45 25

Bank building and fixtures (estimated value, $6,300; assessed value, $7,100)
Taxes, insurance, etc., paid on mortgaged properties,
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$112,561
70,208
11,995
3,000
7,065
4,575
1

66
75
00
00
00
00
00

248,436
5,700
7
6,597
1,221

70
00
20
42
41

$471,369 14

Liabilities.
Due depositors on 1,399 accounts, averaging $308.11 each
.
.
(Accounts opened during year, 215; closed, 138; increase, 77)
Surplus: —
?• Guaranty fund (4.99% of deposits; increase during year, $550)
b. Profit and loss (increase during year, $192.37)
.
.
.
Current incom e: —
Interest
.
.
.......................................... ..........
.
Less current expenses not charged off
.
.
.

Total Liabilities

$431 042
.

.

.

93

21 525 00
11 695 60
’

$8,056 84
951 23
-----------------------

7,105 61

.

$471,369 14

.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$563.73
$1,601.64
$300.00
Cost per $1,000 of assets
1.19
3 .39
.63
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $21,330.68.


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

Other Expenses.
$432.68
.92

Total.
$2,898.05
6.13
4.31

No.

BANK COMMISSIONER.

157

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.45 per cent.): 5%, S96.438.15; 5L£%, $79,042.66; 6%, $72,955.89.
Bonds, stocks, etc. (average rate on amounts invested, 4.15 per cent.): 3 )^% , $22,000; 3M % , $4,000'
4%, $144,706.56; 4 ^ % , $12,000; 5%, $24,000; 6%, $4,400.
Number of loans not over $3,000 each, 204, amounting to $230,204.76.
26 real estate loans made during year, amounting to $61,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1913, 2%
June, 1914, 2 %
Number of deposits during year, 1,421, amounting to
.

.

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

$8,068 31
8,287 21
76,922 05
$93,277 57
80,913 83

Number of withdrawals during year, 1,196, amounting to
Net increase in amount due depositors

$12,363 74

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$6,000 Boston 4s
2.000 Brockton 4s
2.000 Chelsea 4s
5.000 Fall River 3)^s
2.000 Fall River 4s
5.000 Haverhill 4s
5.000 Holyoke 4s
7.000 New Bedford 4s
5.000 Norwalk, Ct., 4s
1.000 Omaha, Neb., 4(/¿a
3.000 Quincy 4s
5.000 Rockville, Ct., 4s
4.000 San Francisco, Cal., 5s
1.000 Seattle, Wash., 4Hs
3.000 Troy, N. Y., 4J^s
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.
Par Value.
$500 Athol 4s
500 Brockton 4s
1,740 Dedham 4s
3.000 Holbrook 4s
4.000 Holliston 394s
7,465 Holliston 4s
4.000 Ipswich 4s
1.000 Lexington 4s
5.000 Marlborough 4s
5.000 Revere 4s
2.000 Wrentham 4s

Railroad Bonds.
$7,000 Bangor & Aroostook 5s
4.000 Boston & Albany 4s
2.000 Boston & Albany 5s
1.000 Boston & Lowell 4s
6.000 Boston & Maine 4s
5.000 Boston & Maine 4)4s
8.000 C., B. & Q. 4s

$7,000 Illinois Central 3L£s
5.000 N. Y., N. H. & H. sy2s
10.000 N. Y „ N. H. & H. 4s
11.000 No. Maine Seaport 5s
3.000 Pitts. Va. & Charleston 4s
2.000 Washington Co. 3)4s

Street Railway Bonds.
$4,000 Boston Elevated 4s
2.000 Boston Elevated 4J4s
6.000 West End 4s

Bank Stocks.
Shs.
15 Franklin Nl. Bk.
29 Framingham Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 1,138
135
54
59
14
6

Amount.
$17,619 72
10,703 31
8,249 74
20,301 15
10,417 76
6,000 00

. 1,406

$73,291 68

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

15 transfers, amounting to $3,630.37, not included in above table.

D ates

of

E x a m in a t io n


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

and

A u d it ,

M ay 6-9 inclusive.

No.
558
2

Amount.
$29,100 16
15 50

78
129

3,103 19
8,767 01

767

$40,985 86

REPORT OF THE

158

[Pub. Doc.

HOLYOKE SAVINGS BANK, HOLYOKE.
201 HIGH STREET.
Incorporated February 21, 1855.

Number of corporators, 57; number of trustees, 17.

R obert R ussell , President.
C harles W . J ohnson , Treasurer.
A lbert G. M agn a , Clerk of the Corporation.
Board of Trustees: J. A. C lough , A . A . C oburn , T homas D illon , G. C. G il l , H. O. H astings ,
D . H . I v e s , C. C. J en ks , W . D . J udd , A . G. M a g n a , F. H. M etcalf , G. W . P rentiss , M . W .
P rentiss , W . A . P rentiss , H. L. R ussell , R obert R usse ll , F. A . W h itin g , J. L. W yckoff .
Board of Investment: R obert R ussell , J. A . C lough , M . W . P rentiss , D . H. I v e s .
Auditing Committee: F. A . W hitin g , W . A . P rentiss , H. L. R ussell .
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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
593 loans on real estate (average of each, $5,921.71)
95 loans on personal security
Bank building and fixtures (estimated value, $27,000
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

$562,250
1,792,125
411,331
104,355
187,421
21,450
3,511,577
1,043,081
32,500
141,096
5,735

assessed value, $24,060)

00
05
50
00
00
00
00
25
00
71
49

$7,812,923 00

Total Assets
Liabilities.
Due depositors on 14,551 accounts, averaging $489.73 each
.
.
.
.
.
{Accounts opened during year, 1,900; closed, 2,020; decrease, 120)
Surplus: —
a. Guaranty fund (5.12% of deposits; increase during year, $10,000)
b. Profit and loss {increase during year, $38,991.95) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$145,438 41
Less current expenses not charged off
.
.
.
.
.
5,495 66
Unearned discount

.

.

.

.

.

.

.

.

Total Liabilities .

.

.
.

.
.

.
.

.

$7,126,110 04
365,000 00
177,465 84

139,942 75
4,404 37
$7,812,923 00

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
A m ount paid for
$15,346.85 $11,836.93
$650.00
$161.72
$2,792.13 $30,787.63
C ost per $1,000 of assets
1.96
1.51
.08
.02
.35
3.92
Cost per $1,000 of assets not including State tax and rent . . .
.
.
.
.
1.88
Gross income received during the year, $355,535.03.

Rates on Investments and Loans (Average on All, 4.71%).
Beal estate loans (average rate, 4.93 per cen t.): 4M % , $14,000; 4J^%, $493,500; 5%, $2,954,152; 5J^%,
$15,500; 6%, $34,425.
Personal loans (average rate, 5.09 per cent.): 4 M%> $95,000; 4 YA7o, $302,981.25; 4<t£%, $13,000;
5%, $192,950; 5M % , $68,300; 5^2%, $215,275; 5M % . $10,000; 6%, $75,575; 6M % , $25,000;
6 K % . $25,000; 7%, $10,000; 7V2% , $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3%, $12,000; 3b£%, $713,000;
3ys% , $10,000; 3M % , $17,000; 3.90%, $15,000; 4%, $1,773,700; 4)^%, $10,000; 4J^%, $190,000;
5%, $198,500; 5y2%, $28,800; 6%, $45,100; 7%, $40,300; 8% , $16,500; 10%, $78,700; 14%,
$ 2 ,000 .
Number of loans not over $3,000 each, 360, amounting to $542,362.
47 real estate loans made during year, amounting to $337,400.


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

159

BANK COMMISSIONER.

No.

Dividends, Deposits and Withdrawals.
$133,680 13
137,185 99
1,165,630 35

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 20,748, amounting to

$1,436,496 47
1,262,186 61

Number of withdrawals during year, 15,827, amounting to

$174,309 86

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Public Funds, Bonds.
Par Value.
Par Value.
$20,000 Atch., Top. & Santa Fé 4s
$5,000 Middlesex Co. 4s
25.000 Bangor & Aroostook 5s
9.000 Bay City, Mich., 5s
} 65,000 Boston & Albany 4s
23.000 Boston 4s
5.000 Boston & Lowell 4s
25.000 Dubuque, la., 4s
50.000 Boston & Maine 3Mis
20.000 Fall River 4s
102.000 Boston & Maine 4s
23.000 Haverhill 4s
25.000 Boston & Maine 4b£s
2.000 Lewiston, Me., 5s
10.000 B. & N. Y. Air Line 4s
20.000 Lynn 4s
30.000 Boyer Valley 3)4s
35.000 Los Angeles, Cal., 43^s
30,600 Burl. & Missouri R. 6s
8.000 Oshkosh, Wis., 4s
95.000 C.,B. &Q.3J^s
16.000 Quincy 4s
110.000 C.,B. &Q. 4s
20.000 Saginaw, Mich., 4J^s
23.000 Chicago & Northwest. 3J^s
10.000 San Francisco, Cal., 43^s
16.000 Chicago & Northwest 4s
10.000 San Francisco, Cal., 5s
100.000
Chic., R. I. & Pacific 4s
17.000 South Bend, Ind., 4s
9.000 Concord & Montreal 4s
22.000 South Norwalk, Ct., 4s
10.000
Fitchburg
3Mis
10.000 Superior, Wis., 43^s
165.000 Fitchburg 4s
10.000 Greenfield 4J^s
12.000 Illinois Central 3s
33.000 Hyde Park 4s
195.000 Illinois Central 3}4s
5.000 Longmeadow 4s
110.000 Illinois Central 4s
5.000 Manchester, Ct., 4s
10.000 Lime Rock 4s
7.500 Methuen 4s
35.000 Louisville & Nashville 4s
5.000 Nantucket 4s
10.000 Me. Cent. & E. & N- A. 4s
35.000 North Kingstown, R. L, 4s
25.000 Michigan Central 3V£s
12.000 Pepperell 4s
15.000 Minnesota & Iowa 3J/£s
12.000 Revere 3J^s
25.000 N. Y. C. & H. R. 3^s
5.000 Russell 4s
80.000 N. Y ..N .H . & H. 33^s
7.000 Stow 3Hs
140.000 N. Y,, N. H. & II. 4s
9,300 Walpole 4s
49.000 No. Maine Seaport 5s
[ 5,000 Westerly, R. L, 3Mis
16.000 Old Colony 4s
4.500 Whately 4s
50.000 Penobscot Shore Line 4s
12.000 Winthrop 4s
15.000 Peoria & Northwest 3Mis
13.000 Blandford (F. D.) 4s
22.000 Pitts., Va. & Charlest’n 4s
30.000 Kennebec, Me. (W.D.), 3Hs
20.000 Portland & Ogdens. 4Mls
15.000 Portland & R. Falls 4s
Public Funds, Notes.
40.000 Princeton & Northw. 3V£s
$10,000 Chelsea 3^s
30.000 Sioux City & Pacific 3J^s
10.000 Easthampton 384s
20.000 Sullivan Co. 4s
5.500 Hull 4s
30.000 Washington Co. 3J^s
15.000 Randolph 3.90%
10.000 Revere 4V|s
3.000 Saugus 3M>s
25.000 Winthrop 5Mis

Street Railway Bonds.
$8,000 Athol & Orange 5s
40.000 Boston Elevated 4s
45.000 Boston Elevated 4Ks
85.000 Boston & Northern 4s
34.000 Citizens’ Electric 5s
4,000 East Middlesex 4s
10.000 Georg., Row. & Ips. 5s
25.000 Glouc., Es. & Beverly 5s
14.000 Holyoke 5s
131,000 West End 4s
15.000 Wore. Consolidated 4J^s
Bank Stocks.
Shs.
20 Greylock Nl. Bk., Adams
14 First Nl. Bk., Adams
50 First Nl. Bk., Amherst
20 Millers River Nl. Bk., Athol
19 Conway Nl. Bk.
21 First Nl. Bk., Easthampton
15 Fitchburg Bank & Tr. Co.
5 First Nl. Bk., Greenfield
48 Franklin Co. Tr. Co., Greenfield
38 City Nl. Bk., Holyoke
236 Hadley Falls Nl. Bk., Holyoke
71 Home Nl. Bk., Holyoke
390 Holyoke Nl. Bk.
5 Union Nl. Bk., Lowell
| 8 Monson Nl. Bk.
| 5 First Nl. Bk., Newburyport
90 First Nl. Bk., Northampton
37 Hamp. Co. Nl. Bk., Northampt’n
50 Northampton Nl. Bk.
38 Palmer Nl. Bk.
| 6 Pittsfield Nl. Bank
I 117 Chicopee Nl. Bk., Springfield
215 Third Nl. Bk., Springfield
62 Springfield Nl. Bank
97 Townsend Nl. Bank
26 Ware National Bank
4 First Nl. Bk., Westfield

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
$520,087 21
9,982
From women .
16,427 $346,708 32
O f $50 and less
2,406 68
18
From guardians
2,452
195,679 66
Over $50, not over $100
From religious and chari138,466 54
877
Over $100, not over $200
5,302 60
39
table corporations
179,492 98
519
Over $200, not over $500
1,801 ÒU
42
From labor unions .
102,447 28
147
Over $500, under $1,000
23,916 92
169
In trust .
.
.
.
97,238 13
97
Of $1,000 or more .
. 20,519 $1,060,032 91

Totals

Totals

229 transfers, amounting to $105,597.44, not included in above table.
D ates

of

E xam ination , September 24-29 inclusive.


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

10,250

$553,514 91

160

REPORT OF THE

[Pub. Doc

HOME SAVINGS BANK, BOSTON.
75 TREMONT STREET.
Incorporated M arch 17, 1869.

Number of corporators, 52; number of trustees, 31.

G eokge E. B rock , President.
C harles S. N orris , Treasurer.
L aw rence H. M erchant , Clerk of the Corporation.
Board of Trustees: S. L. B ar tlett , G. D . B igelow , E dmund B illings , C arl B randt , G. E. B rock ,
A . H. C olby , H. W . C um ner , A. H. C ur tis , C. F. C u tler , R . H. W . D w igh t , G. H. E llis ,
C . A. F ernald , I. G. H ersey , C. C. H oyt , G eorge H utchinson , H. C. Jackson , J erome
J ones, T heodore J ones , W . T . K eough , C. W . L eonard , F rank L everoni , F. H. M an ning ,
F. A. M orse , C. S. N orris , J. N. P a r k e r , W . L. P ie r c e , E. G. P reston , S. W . R eynolds, J
H. R ussell , W . S. Slocum , F. A. T ur n er .
Board of Investment: G. E . B rock , H . C. Jackson , J. H. R ussell , I. G. H ersey , C. F. C u tler ,
C. C. H oyt .
Auditing Committee: S. W . R eynolds , R. H. W . D w igh t , G. H. E llis .
Deposits draw interest from tenth day 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 .; also Saturdays
(except during July and August), for deposits only, 4 to 7 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
Boston Terminal Co. bonds .
.
.
.
.
Stocks of banks and trust companies
927 loans on real estate (average of each, $13,868.26)
Less amount due on uncompleted loans .

112,992,875 00
137,000 00

158 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $176,600)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

$1,717,800
1,849,697
567,128
30,000
117,100

17
30
35
00
00

12,855,875
6,338,662
111,302
5,715
404,521
28,650

00
50
66
26
82
57

$24,026,453 63

Liabilities.
Due depositors on 51,758 accounts, averaging $432.14 each
(■Accounts opened during year, 9,988; closed, 5,578; increase, 4,4-10)
Surplus: —
a. Guaranty fund (4.96% of deposits; increase during year, $109,500)
h. Profit and loss (increase during year, $39,639.59) .
Current incom e: —
Interest
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.

.

$22,366,859 41
1,109,500 00
365,822 89
$77,885 12
4,321 08
73,564 04
110,707 29

.
Total Liabilities

.

.

.

.

$24,026,453 63

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$40,005.70 $32,421.64 $12,000.00 $1,038.88
Cost per $1,000 of assets
1.66
1.35
.50
.04
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $1,078,666.83.


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

Other Expenses.
Total.
$12,476.13
$97,942.35
.52
4 .0 7
1.91

No,

BANK COMMISSIONER

161

Rates on Investments and Loans (Average on All, 4.92%).
Real estate loans (average rate, 4.80 per cent.): 4%, $850,500; 4M % , $342,500;
$2,935,000;
4M % , $753,500; 5%, $7,702,550; 5M%, $2,500; 5 A % , $241,975; 6%, $27,350.
Personal loans (average rate, 5.43 per cen t.): 3%%., $270,000; 3 % % , $280,000; 4%, $1,173,100; 4)4% ,
$239,000; 4)4% , $680,500; 4M % , $250,000; 5%, $178,062.50; 5)4% , $2,500; 6%, $1,082,500;
6)4% , $500,000; 6M % , $25,000; 7%, $1,493,000; 7% 0%, $50,000; 7)4% , $115,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 3)4% , $70,000; 3)4% , $75,000;
3.30%, $75,000; 3V2%, $80,000; 3.55%, $43,000; 3)4% , $100,000; 3)4%, $12,000; 4%, $2,184,500;
4)4% , $52,000; 4)4% , $839,724.37; 4)4% , $22,500; 5%, $342,000; 5)4% , $25,000; 6%, $55,000;
7%, $215,900; 8%, $15,000; 10%, $22,000; 12%, $71,700.
Number of loans not over $3,000 each, 169, amounting to $332,625.
93 real estate loans made during year, amounting to $1,810,450.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2% .
Number of deposits during year, 75,675, amounting to
Number of withdrawals during year, 49,916, amounting to
Net increase in amount due depositors

.

.•

$394,956 48
416,406 43
5,372,658 89
.
.

.

.
.

$6,184,021 80
4,306,786 60

.
.

.

$1,877,235 20

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
New York 4)4s
20.000 Essex Co. 4s
10.000 Hampden Co. 4s
44.000 Akron, 0., 5s
150,000 Boston 4s
25.000 Bristol, Conn., 4)4s
25.000 Canton, 0., 5)4s
26.000 Chicago, 111., 4)4s
25.000 Cleveland, 0., 4)4s
50.000 Cleveland, 0., 5s
35.000 Des Moines, la., 4s
30.000 Fall River 4s
10.000 Flint, Mich., 4)4s
3.000 Gloucester 4s
50.000 Grand Rapids, Mich., 4)4s
45.000 Holyoke 4s
20.000 Indianapolis, Ind., 4s
30.000 Kansas City, Mo., 4)4s
20.000 La Crosse, Wis.,4s
19.500 Lowell 4s
14,250 Lowell 4)4s
22.500 Lowell 4%'s
40.000 Lynn 4)£s
10.000 Marlboro 4s
25.000 Milwaukee, Wis., 4)^s
25.000 Minneapolis, Minn., 4s
50.000 Newton 4s
25.000 Omaha, Neb., 4J/-JS
19.000 Pittsburgh, Pa.,4p2S
51.000 Quincy 4s
2.000 St. Paul, Minn., 5s
30.500 Syracuse, N. Y., 4)^s
65,474 Troy, N. Y., 4%is
16.000 Waterbury, Ct., 4s
25.000 Youngstown, 0., 5s
13.000 Brookfield 4s
1,500 East Longmeadow 4)^s
9.000 Franklin 4Hs

$25,000 Stamford, Ct., 4%#
19.000 W. Bridgewater 4s
23.000 West Springfield 4s
3,000 Westfield 4s
10.000 Whitman 4s
Public Funds, Notes.
$100,000 Middlesex Co. 3%is
12.000 Sullivan Co., N. H., 3%Js
50.000 Lowell 4s
50.000 Medford 3%(s
10.000 New Bedford 3)^s
50.000 Pittsfield 3.30%
25.000 Quincy 3.30%
3.000 Adams 4s
20.000 Athol 3Ks
15.000 Barnstable 3.55%
20.000 Brookline 3%s
10.000 Canton 3%js
10.000 Danvers 3Ms
20.000 Danvers 3.55%
50.000 Greenfield 3)^s
10.000 Hanover 3)^s
20.000 Manchester 4s
10.000 Marion 3%s
5.000 Needham 3)4s
8.000 Norwood 3.55%
12.000 Reading 4)£s
Railroad Bonds.
$210,000 Boston & Albany 4s
125.000 Boston & Albany 5s
70.000 Boston & Lowell 4s
100.000 Boston & Maine 4s
46.000 Boston & Maine 4%is
62.000 Cedar Rapids & Mo. R.
170.000 C., B. & Q. 4s

P$25^000 Chic., Mil. & St. Paul fis
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
271.000 Fitchburg 4s
25.000 Fre., Elk. & Mo. Valley 6s
15.000 Michigan Central 5s
5,000 Mil., L. S. &W . 5s
19,500 Northwestern Union 7s
115.000 Old Colony 4s
50.000 Portland & Ogdens. 4}'2S
15.000 Rome, Water. & Og. 5s
50.000 St. Paul, Minn. & Man. 4s
50.000 Vermont Valley 4As
33.000 Winona & St. Peters 7s
Street Railway Bonds.
$150,000 Boston Elevated 4)^s
256.000 West End 4s
103.000 West End 4}/¿s
50.000 West End 5s
10.000 Worcester Con. 4bás
Bank Stocks.
Shs.
317 First Nl. Bk., Boston
34 Fourth-Atlantic Nl. Bk., Boston
50 Market Trust Co., Boston
220 Merchants Nl. Bk., Boston
200 Nl. Bk. of the Republic, Boston
125 Nl. Union Bk., Boston
400 Second Nl. Bk., Boston
75 State Nl. Bk., Boston
25 Webster & Atlas Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.
.
.

No.
Amount.
56,880 $1,005,177 85
729,721 62
9,192
4,110
624,015 36
3,083 1,096,777 47
691,547 66
960
916
920,245 95

No.
Amount.
37,464 $2,875,452 84
From women .
From guardians
91
39,620 98
From religious and chari325
54,665 30
table corporations
315,491 15
In trust .
.
.
.
6,147
Totals

Totals

75,141 $5,067,485 91

534 transfers, amounting to $305,172.98, not included in above table.
D ates

op

E xam ination , July 20-22 inclusive.


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

44,027 $3,285,230 27

162

REPO RT OF THE

[Pub. Doc.

HOOSAC SAVINGS BANK, NORTH ADAMS.
97 M AIN STREET.
Incorporated April 19, 1871.

Number of corporators, 28; number of trustees, 15.

H. E . W etherbee , Clerk of the Corporation.
Board of Trustees: O. A. A bcher , P. J. A sh e , A . H. B a b b e b , E dmund B issaillon , W . W . B utler
G. A . H astings , J. D . H u n teb , J. E . H unter , G. P. L aw ren c e , W . B. P ab m e le , E . B. P e n n i m an , C. Q. R ichmond , W . W . R ichmond , D . A. R ussell , H. E . W etherbee .
Board of Investment: W . W . B u tlee , E dmund B issaillon , H . E . W etherbee .
Auditing Committee: D . A . R ussell , A. H. B a b b e r , W . B. P ab m e le .
Deposits draw interest from first day of March, June, September and December; dividends are p ay­
able June 1 and December 1. Business hours: 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 2 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
330 loans on real estate (average of each, $2,066.1If) .
Less amount due on uncompleted loans .
.
.

.
.
. . .
.
.
.
.
.
.

.

.

.

.
.

.

.
.

.

.
.

."

'

.

.
.

107 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $120,000; assessed value,
Real estate b y foreclosure, etc. (assessed value, $4,000)
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

.
.
$683,825 28
2,000 00
1----------.
.
.
$91,500)
'.
\
.
.
.
.
.
.
.
.
.
.
.
.

$25,000
375 461
27750
28 338

00
50
00
50

681,825 28
114,724 53
lOoioOO 00
4,000 00
66
21,884 87
3,600 72

682

Total A s s e t s .......................................... $1,383,268 06

Liabilities.
Due depositors on 4,408 accounts, averaging $297.35 each
.
.
.
.
.
CAccounts opened during year, 761; closed, 914; decrease, 153)
Surplus: —
Guaranty fund {4-17% of deposits; increase during year, $3,332.63)
.
.
.
Current income: —
I n t e r e s t ...............................................................................................................................
Total Liabilities

.

.

.

.

.

$1,310,740 85
54,725 04
17,802 17'
$1,383,268 06

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$2,643.69 $4,297.00 $1,000.00
$347.51
$1,195.02
$9,483.22
Cost per $1,000 of assets
1.91
3.11
.72
.25
.86
6 .85
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
4 .2 2
Gross income received during the year, $71,404.49.


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

163

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.55 per cent.): 5%, $288,828; 5J^%, $32,650; 6%, $360,347.28.
Personal loans (average rate, 5.40 per cent.): 4%, $27,489; 5%, $14,091.05; 6%, $73,144.48.
Bonds, stocks, etc. (average rate on amounts invested, 3.79 per cent.): 3%, $5,000; 3)/£%, $289,000;
4%, $158,000; 4 H % , *5,000; 5%, $10,000.
Number of loans not over $3,000 each, 370, amounting to $413,422.76.
*21 real estate loans made during year, amounting to $30,900.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1913, 1M %
June, 1914, 2 %
Number of deposits during year, 5,917, amounting to
.

.

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

Number of withdrawals during year, 4,155, amounting to
Net decrease in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$22,267 64
25,418 55
285,911 00

.

$333,597 19
351,456 60

.

$17,859 41

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.

$15,000 Boston & Albany 4s
12.000 Boston & Maine 3)^s
60.000 C., B. & Q. 3V2s
10.000 C., B. & Q. 4s
7.000 Fitchburg
5.000 Fitchburg 4s
5.000 Illinois Central 3s

$10,000 Bay City, Mich., 5s
5,000 Sioux City, Iowa, 4Hs
10,000 Wilkes-Barre, Pa., 3Hs

$68,000 Illinois Central 3M>s
15.000 Illinois Central 4s
72.000 Michigan Central 3J^s
60.000 N. Y., N. H. & H. 3J^s
53.000 N. Y., N. H. & H. 4s
Street Railway Bonds,
$30,000 Boston & Northern 4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,933
.
498
152
104
37
20

Amount.
$82,509 30
38,870 26
21,992 13
34,922 41
24,730 47
20,000 00

. 5,744

$223,024 57

No.
2,636
From women
From guardians
7
From religious and charitable corporations .
38
From labor unions
8
87
In trust .
.
.
.
Totals

173 transfers, amounting to $62,886.43, not included in above table.
D ates

of

E xamination


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

and

A u dit , April 15-28 inclusive.

2,776

Amount.
$108,897 38
1,308 12
928 35
335 08
8,628 09
$120,097 02

164

REPO RT OF THE

[Pub. Doc,

HOPKINTON SAVINGS BANK, HOPKINTON.
M AIN STREET.
Incorporated March 23, 1867.

Number of corporator , 28; number of trustees, 15.

J. D avid Stew art , President.
E rnest H. A dams, Treasurer.
W alter M . H illia rd , Clerk of the Corporation.
Board of Trustees: E . H. A dams , E. A. B riggs , J. L. C laflin , L. F. F air b a n k s , A . W . G e r r y ,
W . M . H illia rd , A. N . K yes , M ichael M cE n e lly , W . S. M orse , W . D . M oshier , A lfred
P hipps , H. H. P ip e r , J. D . Ste w a r t , G. S. T hompson , W . A. W ood .
Board of Investment: J. D . St e w a r t , W . A. W ood , W . D. M oshier , A. N. K yes , W . S. M orse ,
J. L. P laflin .
Auditing Committee: W . D . M oshier , G. S. T hompson , A. W . G e r r y .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
108 loans on real estate (average of each, $1,973.99) .
.
.
.
.
.
.
Bank building and fixtures (estimated value, $6,000; assessed value, $6,000)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................
Total Assets

.

.

$45,267 50
135,687 50
39,370 00
6,440 00
20,157 50
213,191 00
5,000 00
15,691 19
449 42

.

.

.

$481,254 11

.

.

.

$434,263 31

Liabilities.
Due depositors on 1,190 accounts, averaging $364.92 each
.
.
(.Accounts opened during year, 92; closed, 97; decrease, 6)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $292.20)
h. Profit and loss (increase during year, $779.07)
.
.
.
Current income: —
а. Interest .
.
.
.
.
.
.
$10,921 48
б. Rent
.
.
.
.
.
.
.
103 29
----------------------Less current expenses not charged off
.
.
$918 10
Less State or local taxes not charged off .
.
458 84
-----------------------


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

.
.

.
.

.
.

$11,024 77
1,376 94
-

Total Liabilities

.

.

21,727 86
15,615 11

9,647 83
.

.

.

$481,254 11

No. 8.]

BANK COMMISSIONER.

165

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$806.01
$1,594.90
$264.00
$247.05
$2,911.96
Cost per $1,000 of assets
1.68
3.32
.55
—
.51
6.06
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.83
Gross income received during the year, $21,720.64.

Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (average rate, 5.16 per cent.): 5%, $165,740; 5J^%, $25,300; 6%, $22,151.
Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 3)^% , $55,000; 4%, $117,800;
4 ^ % , $10,000; 5%, $46,000; 7%, $1,600; 8%, $6,000; 10%, $3,700; 12%, $2,500; 14%, $1,000.
Number of loans not over $3,000 each, 84, amounting to $95,591.
7 real estate loans made during year, amounting to $14,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2%
Number of deposits during year, 717, amounting to
.

.

$8,220 51
8,257 82
56,289 70

.

$72,768 03
64,142 34

Number of withdrawals during year, 815, amounting to

$8,625 69

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$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

Par Value.
$5,000 Fitchburg 5s
15.000 Illinois Central
5.000 Lake Shore & Mich. So. 3Ks
5.000 Michigan Central 3J^s
5.000 N. Y. C. & H. R. 3^s
5.000 N. Y., N. H. & H. 3^s
10.000 N. Y., N. H. & H. 4s
5.000 Northern Maine Seaport 5s
10.000 Pitts., Va. & Charlest’n 4s
15.000 Portland & R. Falls 4s
6.000 St. J .& L . C. 5s

Public Funds, Notes.
800 Hopkinton 4s
Railroad Bonds.
$10,000 Boston & Albany 5s
10.000 Boston & Lowell 4s
5.000 Boston & Maine 4s
5.000 Boston & Maine 4b£s
5.000 C., B. & Q. 3V2s
10.000 Concord & Montreal 4s
5.000 Fitchburg 4s

Bank Stocks.
Shs.
10 Greylock Nl. Bk., Adams
16 Fourth-Atlantic Nl. Bk., Boston
50 Commonwealth Tr. Co., Boston
25 First Nl. Bk., Boston
15 Nl. Bk. of the Republic, Boston
5 State Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
5 Natick Nl. Bk.
32 Worcester Nl. Bk.

Street Railway Bonds.
$5,000 Boston Elevated 4s
10.000 Boston & Northern 4s
5.000 West End 4s
10.000 West End 5s
10.000 Worcester Con. 5s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
D ates

.
of

.
.

.

E xam ination


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

No.
559
75
29
28
14
12

Amount.
$9,804 62
6,090 29
4,253 00
9,346 33
9,555 46
17,240 00

717

$56,289 70

and

From women
From guardians
From religious and chari­
table corporations .
In trust .
.
.
.
Totals

A u dit , April 14-17 inclusive.

No.
429
1

Amount.
$22,738 88
20 06

16
28

1,600 96
6,090 48

474

$30,450 38

166

REPO RT OF THE

[Pub. Doc.

HUDSON SAVINGS BANK, HUDSON.
4G M AIN STREET.
Incorporated February 26, 1869. Number of corporators, 42; number of trustees, 20.
G eorge B. C ochran , President.
W arren T . Safford , Treasurer.
F red O. W elsh , Clerk of the Corporation.
Board of Trustees: H. P. A ndrew s , F. E . B row n , F. H. C ham berlain , G. B. C ochran , A. D .
G leason , D avid G oodale , N. M . H un ter , G. P. K e ith , E . P. L a r k in , W . H. M oulton , J.
H. R obinson , F. S. R ow ell , W . T . Sappord , C. J. Sa w y e r , C. H. Stone , F rank T aylo r , G. A.
T r ip p , T . F. T r o w , J. D . T y l e r , F. O. W elsh .
Board o f Investment: G. B. C ochran , J. H. R obinson , G. A. T r ipp , C. J. Sa w y e r , E. P. L a r k in .
Auditing Committee: J. H . R obinson , T . F. T ro w , J. D . T y l e r .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the Thursday after the third W ednesday of January and July. Business hours: 9 a .m.
to 3 p . m . ; also Saturdays, for deposits only, 6 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.•
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
486 loans on real estate (average of each, $1,766.12) .
.
.
.
.
.
17 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $43,500; assessed value, $36,600)
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.
.
.
.

$362,500 00
468,275 00
171,975 00
37,400 00
3,500 00
100 00
858,335 00
140,250 00
43,500 00
275 29
39,607 47
3,549 12

.
.
.
.
.
.
.

. •
.
.
.

.

.

.

$2,129,266 83

Liabilities.
Due depositors on 5,813 accounts, averaging $343.32 each
{Accounts opened during year, 762; closed, 692; increase, 70)
Surplus: —
a. Guaranty fund {4.52% of deposits; increase during year, $5,100)
b. Profit and loss {increase during year, $6,066.47)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

$1,995,725 86
90,200 00
32,996 95

$11,501 99
1,157 92
10,344 07

Total L ia b ilit ie s .......................................... $2,129,266 88

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$4,517.57
$3,128.33
$500.00
$10.00 $1,184.67
Cost per $1,000 of assets
2 .1 2
1.47
.23
.01
.56
Cost per $1,000 of assets not including State tax and rent
.
.
.
.
.
Gross income received during the year, $99,061.72.


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

Total.
$9,340.57
4 .3 9
2.04

167

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.24% ): 5%, $461,275; 5J4%, $382,255; 6%, $14,055; 734%. $750.
Personal loans (average rate, 5.29 per cent.): 4%, $15,000; 4)^% , $20,000; 434%> $10,000; 5%,
$29,500; 534%, $29,850; 6%, $10,900; 7%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3%, $5,000; 334%, $121,000;
3.58%, $10,000; 3.625%, $4,000; 3.65%, $10,000; 3.75%, $1,600; 3.80%, $8,800; 3.90%, $13,500;
4%, $471,000; 4)4% , $12,500; 434%, $122,000; 5%, $200,000; 6%, $44,000; 7%, $30,000; 8%,
$3,500.
Number of loans not over $3,000 each, 444, amounting to $639,690.
59 real estate loans made during year, amounting to $123,950.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 5,933, amounting to
.

.

Number of withdrawals during year, 4,473, amounting to
Net increase in amount due depositors

.

.

.

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

$36,974 18
38,095 68
342,154 49

.

.

$417,224 35
359,007 32

.

$58,217 03

.

.
.

.
.

.
.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 California 4s
10.000 Massachusetts 334s
20.000 Akron, 0., 5s
5.000 Bay City, Mich., 5s
5.000 Beverly 4s
5.000 Boston 4)4s
20.000 Chelsea 4s
4.000 Chicopee 4s
5.000 Fall River 434s
10.000 Los Angeles, Cal., 434s
6.000 Lowell 4s
36.000 Lynn 4s
10.000 Milwaukee, Wis., 4)4s
17.000 New Bedford 4s
15.000 Portland, O., 4J4s
5.000 Rockville, Ct., 4s
15.000 San Francisco, Cal., 5s
7.000 St. Paul, Minn., 4}4s
10.000 Syracuse, N . Y . , 4 } 4 s
5.000 Troy, N. Y., 4s
3.500 Troy, N. Y., 434s
6.000 Worcester 4s
4.000 Attleborough 4s
10.000 Gardner 4s
7,200 Hudson 4s
8.500 Hudson 4J4s
5.000 No. Kingstown, R. I., 4s
14.000 Saugus 4s
6.000 Tiverton, R. I., 4s
10.000 Wallingford, Ct., 3.65%
5.000 Br. & Top., Me. (W.D.), 4s

Public Funds, Notes.
Par Value.
$3,600 Bolton 4s
13,000 Hudson 334s
4.000 Hudson 334s
1,600 Hudson 3Ms
8,800 Hudson 3.80%
13,500 Hudson 3.90%
2,200 Hudson 4s
7,500 Hudson 434s
10.000 Natick 3.58%
Railroad Bonds.
$15,000 Bangor & Aroostook 5s
20.000 Boston & Albany 334s
26.000 Boston & Maine 4s
5.000 B. & N. Y. Air Line 4s
15.000 Burlington & Mo. River 6s
5.000 Cedar Rapids & Mo. R. 7s
15.000 C., B. & Q. 334s
10.000 C., B. & Q. 4s
4.000 C., B. & Q. 5s
5.000 Chic., Mil. & St. Paul 5s
10.000 Chic. & Northwestern 4s
25.000 Chic. & Northwestern 5s
24.000 Chic. & Northwestern 6s
5.000 Chic., R. I. & Pac. 4s
10.000 Concord & Montreal 4s
10.000 Delaware & Hudson 4s
36.000 Fitchburg 4s
5.000 Illinois Central 3s
23.000 Illinois Central 334s
30.000 Illinois Central 4s
12.000 Louisville & Nashville 5s

$5,000 Me. Cent. & E. & N. A. 4s
20.000 Michigan Central 334s
10.000 Michigan Central 5s
5.000 Mil. & Northern 4}4s
10.000 N. Y., N. H. & H. 334s
30.000 N. Y „ N. H. & H. 4s
15.000 No. Maine Seaport 5s
10.000 Penobscot Shore Line 4s
1.000 Portland & R. Falls 4s
5.000 Portland Terminal 4s
2.000 Rome, Watertown & Ogds. 5s
10.000 St. P., Minn. & Man. 4s
5.000 St. Paul & Sioux City 6s
20.000 Troy & Boston 7s
10.000 Washington Co. 334s
5.000 Winona & St. Peter 7s
Street Railway Bonds.
$20,000 Boston Elevated 4s
5.000 Boston Elevated 5s
15.000 Boston & Northern 4s
7.000 Glouc., Essex & Beverly 5s
10.000 Holyoke 5s
15.000 Leominster, Shirley & A. 5s
25.000 Lynn & Boston 5s
10.000 Old Colony 4s
10.000 West End 4s
23.000 West End 434s
10.000 West End 5s
25.000 Wore. Consolidated 434s.
Bank Stocks.
Shs.
35 Hudson Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,766
.
523
.
293
.
213
52
44

Amount,
$81,236 06
42,380 42
40,287 50
68,890 90
35,611 73
45,175 46

. 5,891

$313,582 07

No.
. 2,300
From women
18
From guardians
From religious and chari4
table corporations
.
324
In trust .

Amount.
$121,945 69
1,295 40

. 2,646

$148,273 40

Totals

42 transfers, amounting to $28,572.42, not included in above table.
D ates

of

E x a m in a t io n ,


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

March 18-20 inclusive.

697 65
24,334 66

168

REPORT OF THE

[Pub. Doc.

HYDE PARK SAVINGS BANK, BOSTON.
1196 RIVER STREET (HYDE PARK DISTRICT).
Incorporated March 8, 1871.

Number of corporators, 29; number of trustees, 15.

R obert B lea kie , President.
A bthub H. B ur t , Treasurer.
F rederick L. J ohnson , Clerk of the Corporation.
Board of Trustees: H. F. A rnold , R obert B le a k ie , H. S. B unton , A. H . B urt , O scar B ursch ,
F. C. G raham , W . H. H ar low , F. L. J ohnson , R . P. M oseley , H. B. T e r r y , E . V an D . T ir r e l l ,
F. N. T irr ell , J. A . T ild en , H. E . B. W aldron , R inaldo W illiams .
Board of Investment:

R obert B lea kie , F. N. T irr ell , H. S. B unton , F. C. G raham , H. E. V .
W aldron .

Auditing Committee: F. L. J ohnson , H. S. B u nton , R . P. M oseley .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
460 loans on real estate (average of each, $2,353.60) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
$1,083,630 00
.
.
.
970 60
----------------------7 loans on personal security .
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $22,800)
.
.
Real estate b y foreclosure, etc. (assessed value, $32,850) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.
.
.
.
.
.

.

.
.
.
.
.

.

.

.

.

$232,265
424,675
129,847
36,162
5,100

00
00
50
50
00

1,082,659
30,500
1,000
22,426
94
87,528
5,659

40
00
00
07
29
74
60

$2,057,918 10

Liabilities.
Due depositors on 6,573 accounts, averaging $282.11 each
(Accounts opened during year, 920; closed, 802; increase, 118)
Surplus: —
a. Guaranty fund (5.04% of deposits; increase during year, $2,860.15) .
b. Profit and loss (increase during year, $11,614.21) .
.
.
.
Current incom e: —
$32,874 89
Interest
.
.
.
.
.
.
.
.
.
.
1,782 82
Less current expenses not charged off
.
.
.
.


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

Total Liabilities

.

$1,854,330 98
93,466 24
79,028 81

31,092 07

. $2,057,918 10

No. 8.]

BANK COMMISSIONER.

169

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$2,793.32 $4,231.00 $1,000.00
$27.25
$832.07
$8,883.64
Cost per $1,000 of assets
1.36
2 .05
.48
.01
.40
4 .3 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.46
Gross income received during the year, $93,182.20.

Rates on Investments and Loans (Average on All, 4.77%).
if eal estate loans (average rate, 5.11 per cent.): 5%, $946,379.40; 5J^%, $31,150; 6%, $105,130.
Personal loans (average rate, 5.15 per cent.): 5%, $27,400; 6%, $600; 6J^%, $2,000; 7%, $500.
Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3b£%, $75,000; 4% , $526,700;
4 y2%, $119,250; 5%, $98,000; 6%, $13,000; 7%, $10,000; 10%, $600; 12%, $3,100.
Number of loans not over $3,000 each, 376, amounting to $659,280.
23 real estate loans made during year, amounting to $60,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 8,867, amounting to

$34,304 91
34,928 77
379,205 93

Number of withdrawals during year, 6,200, amounting to

$448,439 61
414,263 70

N et increase in amount due depositors

$34,175 91

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Fall River 4s
10.000 Malden 4s
10.000 Minneapolis, Minn., 4s
15.000 New Bedford 4s
15.000 New Bedford 5s
10.000 Worcester 4s
5,300 Hull 4s
103,000 Hyde Park 4s
10.000 Palmer 4s
15.000 Kennebec, Me. (W. D.), 3Hs
20.000 Kittery, Me. (W. D.), 5s
Public Funds, Notes.
$5,250 Hyde Park 4J^s
Railroad Bonds.
$10,000 Baltimore & Ohio 3)^s
29.000 Boston & Albany 5s
25.000 Boston & Lowell 4s

$50,000 Boston & Maine 4}^s
10.000 C., B. & Q. 3Ms
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)^s
3.000 Danbury & Norwalk 6s
10.000 Delaware & Hudson Co. 7s
20.000 Fitchburg 3)^s
17.000 Fitchburg 4s
14.000 Fitchburg 4)^s
10.000 Illinois Central 3}4s
10.000 Illinois Central 4s
70.000 N. Y „ N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Portland & Ogdensburg 4^s
10.000 Upper Coos 4s
10.000 Vermont Valley 4J^s
5.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$30,000 Boston Elevated 4)^s
30.000 Boston & Northern 4s
9,000 Lynn & Boston 5s
15.000 Old Colony 4s
50.000 West End 4s

Bank Stocks.
Shs.
25 First Nl. Bk., Boston
6 Merchants 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

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 7,418
844
.
310
179
69
21

Amount.
$123,168 42
67,198 18
46,914 76
63,022 00
50,758 69
22,006 35

. 8,841

$373,068 40

No.
3,766
From women
From guardians
21
From religious and chari­
table corporations .
55
451
In trust .
.
.
.

Amount.
$160,773 18
3,110 15

4,293

$172,428 85

Totals

26 transfers, amounting to $6,137.53, not included in above table.
D ates

of

E xam ination , April 6 -8 inclusive.


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

3,155 45
5,390 07

170

REPO RT OF THE

[Pub. Doc.

INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS
VICINITY, NEWBURYPORT.
93 STATE STREET.
Incorporated January 31, 1820. Number of corporators, 85; number of trustees, 22.

H enry B. Little, President.
W illiam B alch, Tvectsurer.
G eorge F. A very , Clerk of the Corporation.
Board of Trustees: W illiam B alch , R . E. B urke , L. B. C ushing, J. H. I reland, N N Jones L
N. K ent, E. H . L ittle , H. B. Little , W . B. L ittle , J. E . M cC usker , F. F. M orrill, b ! p '
P. M oseley, C. W . M oseley, D . F. N oyes , R . T. N oyes, G. A . P hilbrick, G. W P iper T
C. Simpson, J. F.. Spaulding, H. C. Stevens, J. H. W heeler, F. O. W oods.
Board of Investment: H. B . L ittle, L. B . Gushing, F. F. M orrill, G. W. P iper , T. C. Simpson.
Auditing Committee: R . T . N oyes, D . F. N oyes, H. C. Stevens, F. O. W oods.
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the fourth W ednesday of April and October. Business hours: 8.30 a .m. to 2 p .m.
STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
568 loans on real estate (average of each, $2,543.62)
77 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed value, $35,000)
Real estate b y foreclosure, etc. (assessed value, $95,900)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

.
.

.

$2,479,815
1,941,100
31.000
135,000
229,320
60.001
1,444,776
1,694,150
20,000
78,453
1,054
71,242
856

00
00
00
00
00
00
00
00
00
48
07
13
80

. $8,186,768 48

Liabilities.
Due depositors on 13,284 accounts, averaging $564.57 each
(Accounts opened during year, 942; closed, 1,013; decrease, 71)
Surplus; —
a. Guaranty fund (5% of deposits; increase during year, none)
b. Profit and loss (increase during year, $33,564.32) .
Current income; —
Interest
.
.
.
.
.
.
.
Total Liabilities

.

.

$7,499,825 30
375,000 00
309,907 84
2,035 34

. $8,186,768 48

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$20,207.73 $11,299.96
Cost per $1,000 of assets
2 .4 7
1.38
Cost per $1,000 of assets not including State tax and rent .

Advertising.

Other Expenses.
Total.
$1,696.16 $33,203.85
.21
4.06
..........................................
1.59

Gross income received during the year, $382,402.50.
Rates on Investments and Loans (Average on All, 4.75%).
Real estate Joans (average rate, 4.76 per cent.): 4%, $105,500; 4M % , $165,000; 4 A % , $259,850:
4M % , $37,000; 5%, $842,286; 5 ^ % , $29,300; 6%, $5,840.
70
’
Persona1 loans (average rate, 5.16 per cent.): 4M % , $152,500; 4 ^ % , $549,400; 4M % , $200,000;

6H%, m ood-

A%'

57%% h $37l5 75°00 :
551,200; 5M%1 S78'50° : 6% - $74,250; 6M % , $25,000;
Bonds, stocks, etc. (average rate on amounts invested, 4.60 per cent.): 2% , $10,000; 214.%. $4 0003J^%. !?h2f 0: 3 -5,8% ’ 810'00° ; 3.60%, $30,000; 3M % , $43,750; 3.85%, $1,600; 4%, $2,683,915;
$48,600; 4J^%, $998,200; 5%, $356,600; 5M % , $40,000; 5J^%, $106,000; 6%, $351,200:
7%, $26,320; 8%, $80,800; 10%, $20,000; 12%, $77,000.
Number of loans not over $3,000 each, 520, amounting to $476,601.
45 real estate loans made during year, amounting to $78,225.


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

171

BANK COMMISSIONER

No,

Dividends, Deposits andiWithdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct.,_ 1914, 2%
Number of deposits during year, 7,002, amounting to

$144,594 79
145,559 35
618,607 79

Number of withdrawals during year, 9,379, amounting to

$908,761 93
815,132 47
$93,629 46

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$100,000 California 4s
35.000 Massachusetts 4s
40.000 Akron, 0., 5Hs
10.000 Bay City, Mich., 4s
325.000 Boston 4s
91.000 Brockton 4s
23.000 Brockton 4J^s
250 Cambridge 3J^s
8,800
Cambridge 4s
8,600
Canton, Ohio, 5s
21.000 Canton, Ohio, 5J^s
25.000 Central Falls, R. I., 4s
100.000 Chelsea 4s
1.000 Chicopee 4s
25.000 Cleveland, 0., 5s
46.000 Duluth, Minn., 4J^s
15.000 Duluth, Minn., 5s
41.000 Everett 4s
83.000 Fall River 4s
8.000 Fall River 4^s
12.000 Fall River 41^s
56.000 Holyoke 4s
5.000 Joplin, Mo., 5s
39.000 Lawrence 4s
100.000 Los Angeles, Cal., 4J^s
13,500 Lowell 4s
48.000 Milwaukee, Wis., 4J/£s
93.000 New Bedford 4s
43,750 Newburyport 3%s
105.000 Newburyport 4s
9.000 Newton 4s
17.000 Oakland, Cal., 4J^s
85.000 Oakland, Cal., 5}4ß
135.000 Omaha, Neb., 4^8
34.000 Quincy 4s
10.000 Saginaw, Mich., 4s
45.000 San Francisco, Cal., 5s
5.000 Spokane, Wash., 4JijSi
50.000 Seattle, Wash., 4 ^ s -4
66.000 Stamford, Conn., 4J^s
13.000 Taunton 4Hs
18,200 Troy, N. Y., 4}^s

Par Value.
$6,000 Waltham 4M>s
1.000 Amesbury 4s
1.000 Andover 4s
54.000 Attleborough 4s
28.000 Braintree 4s
5.000 Clinton 4s
45.000 Cranston, R. I., 4s
55.000 Eden, Me., 4s
7,200 Lenox 4s
24,500
North Attleborough 4s
5.000 Palmer 4s
14.000 Revere 4s
28.000 Rockland 4s
18.000 Rumford, Me., 4s
9.000 Sharon 4b£s
2.000 Stoneham 4s
20.000 Gardiner, Me. (W. D.), 4s
Public Funds, Notes.
$4,000 Carver 4s
14,820
Essex 4s
5.000 Hull 4s
8.000 Merrimack 3J^s
10.000 Natick 3.58%
1,600
Newbury 3.85%
34.000 Norwood 4s
40,600 Norwood 4Ms
30.000 Wakefield 3.60%
4,995 Winthrop 4s
Railroad Bonds.
$80,000 Boston & Albany 4s
25.000 Boston & Albany 5s
345.000 Boston & Maine 4J/£s
45.000 Boston, R. B. & Lynn 43^s
72,600 Burlington & Mo. River 6s
60.000 C., B. & Q. 4s
15.000 Chic., Mil. & St. P. 5s
125.000 Chic. & Northwestern 4s
25.000 Chic. & Northwestern 5s
186.000 Chic. & Northwestern 6s

Par Value.
$15,000 Dexter & Piscataquis 4s
130.000 Fitchburg 4s
25.000 Fitchburg 4Ms
50.000 Fitchburg 5s
45.000 Fremont, Elk. & M. V. 6s
12.000 Housatonie 5s
25.000 Illinois Central 4s
30.000 Louisville & Nashville 5s
17.000 Louisville & Nashville 6s
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
13,500 Norwich & Worcester 4s
140.000 Penobscot Shore Line 4s
25.000 Port. & Ogdensburg 4J^s
10.000 Ports., Gt. F. & Con. 4Ks
41.000 Rome, Water. & Og. 5s
25.000 Upper Coos 4s
20.000 Wor., Nash. & R. 4s
Street Railway Bonds.
$31,000 West End 4s
Bank Stocks.
Shs.
100 Commonwealth Tr. Co., Boston
250 First Nl. Bk., Boston
200 Merchants Nl. Bk., Boston
221 Nl. Bk. of Commerce, Boston
275 Nl. Shawmut Bk., Boston
208 Nl. Union Bk., Boston
100 Old Boston Nl. Bk., Boston
520 Second Nl. Bk., Boston
225 Webster & Atlas Nl. Bk., Boston
40 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
5,013
909
384
293
95
84

Amount.
$101,871 11
74,213 55
58,737 76
106,176 49
68,023 42
85,871 54

6,778

$494,893 87

From women
From guardians
From religious and i
table corporations .
From labor unions
In trust .
Totals

224 transfers, amounting to $123,713.92, not included in above table.

D ates of E xamination, April 2-4 inclusive.


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

No.
. 3,489
7

Amount.
$254,670 99
2,457 61

96
4
236

14,854 77
212 43
28,656 02

. 3,832

$300,851 82

.

172

[Pub. Doc.

REPORT OF THE

INSTITUTION FOR SAVINGS IN ROXBURY AND ITS
VICINITY, BOSTON.
2343 W ASHINGTON STREET.
Incorporated February 22, 1825. Number of corporators, 39; number of trustees, 18.
C harles G . Sm ith , President.
A rthur B. J oslin , Clerk of the Corporation.

H enry W est , Treasurer.

Board of Trustees: H orace B acon , S. M . B olster , W ilfred B olster , A . M . B ullard , W . D .
C otton , E . U. C ur tis , N elson C ur tis , W . A. G aston , J oseph M orrill , H ush N a t n , H.
A . R u e ter , F red S e a ver , C. G. S mith , S. L. T re adw ell , F. S. W aterm an , H enry W est ,
E . B. W ilder , J. D . W illiams .
Board of Investment: C. G. Sm ith , J. D . W illiams , E. U. C urtis , J oseph M orrill .
Auditing Committee: S. L. T re ad w ell , N elson C urtis , A. M . B ullard .
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 O ctober. Business hours: 9 a .m .
to 3 p .m .; Saturdays, 9 a .m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
796 loans on real estate (average of each, $4,267.83) .
Less amount due on uncompleted loans .
.
.

.
.

.
.

.
.

.
.

.
.
.
.

.
.
.

.
.

.
.

.

.

.

.
.

.
.

.
.
.
.
$3,401,690 00
4,500 00

43 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $150,000; assessed value, $182,000)
Real estate b y foreclosure, etc. (assessed value, $32,400) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
. . .
Total Assets

.

.

.

.

.

$1,026,500
5,210,221
1,099,604
150,000
252,143
27,100

00
20
45
00
75
00

3,397,190
1,989,737
150,000
1
445,317
24,101

00
50
00
00
62
52

$13,771,917 04

Liabilities.
Due depositors on 29,941 accounts, averaging $433.44 each
{Accounts opened during year, 4>413; closed, 4<688; decrease, 275)
Surplus: —
a. Guaranty fund {4.95% of deposits; increase during year, $7,500)
b. Profit and loss {increase during year, $9,024-43)
Current incom e: —
Interest
.
.
. '
.
Total Liabilities

.

.

. $12,977,503 69
642,500 00
146,261 88
5,651 47
.

.

.

$13,771,917 04

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$40,772.11 $22,353.55
$4,500.00
Cost per $1,000 of assets
2 .96
1.62
.33
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $579,810.34.


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

Other Expenses.
Total.
$5,595.76
$73,221.42
.41
5.32
2.03

No.

BANK COMMISSIONER.

173

Rates on Investments and Loans (Average on All, 4.30%).
Real estate loans (average rate, 4.77 per cent.): 3M % , $36,000; 4%, $222,800; 4M%> $55,500; 4J^%;
$911,450; 4M % , $51,500; 5%, $2,112,115; 5 ^ % , $6,550; 6%, $1,275.
Personal loans (average rate, 4.61 per cent.): 4J^%, $100,000; 4J4%> $460,000; 4J^%, $812,400;
4 ^ % , $150,000; 4 % % , $25,000; 5%, $328,837.50; 5 ^ % , $3,000; 6%, $90,500; 7%, $20,000.
Bonds, stocks, etc. (average rate on amounts invested 4.01 per cent.): 3%, $100,000; 3J^%, $2,197,000;
4%, $4,499,500; 4M % . $50,000; 4 ^ % , $930,000; 5%, $95,000; 7%, $3,300; 8%, $1,000; 10%,
$17,300; 12%, $5,500.
Number of loans not over $3,000 each, 456, amounting to $874,555.
56 real estate loans made during year, amounting to $217,250.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 37,113, amounting to

.

Number of withdrawals during year, 34,713, amounting to

.

Net increase in amount due depositors

.

.

.

.

$242,874 79
244,825 57
2,474,291 81

.
.

.
.

$2,961,992 17
2,691,854 76

.
.

.

$270,137 41

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$60,000 Massachusetts 4s
100.000 Boston 3J4s
506.000 Boston 4s
34.000 Fall River 4s
13.000 Holyoke 4s
25.000 Indianapolis, Ind., 4s
42,500 Lynn 4s
28.000 Medford 4s
50.000 Rutland, Vt., 4s
25.000 Waterbury, Ct., 4s
45.000 Arlington 4s
29.000 Billerica 4s
19.000 Reading 4s
50.000 Winchester 4s

Railroad Bonds.
$175,000 Boston & Albany.3)^s
309.000 Boston & Albany 4s
70.000 Boston & Albany 5s
70.000 Boston & Lowell 4s
100.000 Boston & Lowell 4p£s
372.000 Boston & Maine 3J^s

$340,000 Boston & Maine 4s
$25,000 Norwich & Worcester 4s
210.000 Boston & Maine 4p£s
135.000 Old Colony 4s
25.000 Boston & Prov. 4s
50.000 Portland Terminal Co. 4s
420.000 C„ B. & Q. 3^s
25.000 Providence Terminal Co. 4s
357.000 C., B. & Q. 4s
25.000 Sullivan Co. 4s
200.000 Chic., Mil. & St. Paul 4)^s
10.000 Washington Co. 3}^s
50.000 Chic. & Northwest. 3)^s
50.000 Worcester, Nash. & R. 4s
150.000 Chic. & Northwest. 4s
85.000 Concord & Montreal 4s
Street Railway Bonds.
25.000 Danbury & Norwalk 5s
$80,000 Boston Elevated 4s
100.000 Delaware & Hudson 4s
250.000
Boston Elevated 4Jdis
50.000 Fitchburg 3p2S
67.000 Boston & Northern 4s
293.000 Fitchburg 4s
150.000
Springfield 4s
100.000 Fitchburg 4J^s
542.000 West End 4s
50.000 Gt. Northern 4}4s
20.000
West
End 4J4s
100.000 Illinois Central 3s
370.000 Illinois Central 3M¡s
Bank Stocks.
25.000 Louisville & Nashville 4s
50.000 Manchester & Law. 4s
Shs.
20.000 Michigan Central 3)^s
33
Fourth-Atlantic Nl. Bk., Boston
25.000 Mich. Cen.-Jol. & No.Ind. 4s 15 Nl. Bk. of Commerce, Boston
50.000 Minnesota & Iowa 3)^s
21 Nl. Bk. of the Republic, Boston
100.000 N. Y. C. & H. R. 3J^s
173 Nl. Rockland Bk., Boston
330.000 N. Y., N. H. & H. 3^s
55 Second Nl. Bk., Boston
320.000 N. Y., N. H. & H. 4s
39 State Nl. Bk., Boston
50.000 Northern Pacific 4}^s
10 Webster & Atlas Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.
.
.

No.
28,097
4,591
1,823
1,100
291
252

Amount.
$544,267 09
362,408 70
276,923 44
375,833 38
201,062 96
269,831 54

36,154 $2,030,327 11

No.
Amount.
From women .
20,337 $1,104,695 08
From guardians
60
9,961 69
From religious and charitable corporations
15,523 14
138
From labor unions .
18
3,297 81
In trust .
.
.
.
1,638
46,717 52
Totals

959 transfers, amounting to $443,964.70, not included in above table.

D ates

of

E xamination , February 26-M arch 3 inclusive.


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

22,191 $1,180,195 24

174

REPO RT OF THE

[Pub. Doc.

IPSWICH SAVINGS BANK, IPSWICH.
SOUTH M AIN STREET.
Incorporated M arch 20, 1869.

Number of corporators, 20; number of trustees, 14.

C harles A. Sayward , President.
G eorge E . Farley , Treasurer.
John A. B lake , Clerk of the Corporation.
Board of Trustees: J. A. B lake , A. S. B rown , G. B. Brown , A. C. D amon, G. E . Farley , F. T . G oodhue , G. H. G reen , T . H. L ord, D. S. Perley , G eorge Prescott, D aniel Safford, G. E. Safford, C. A. Sayward , H. M . Sayward .
Board of Investment: C. A. Sayward , T. H. L ord, J. A. B lake , G. H. G reen , G. B. B rown .
Auditing Committee: C. A . Sayward , D aniel Safford, F. T . G oodhue.
Deposits draw interest from fourth W ednesday of January, April, July and October; dividends are
payable the fourth W ednesday 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
238 loans on real estate (average of each, $2,128.23) .
10 loans on personal security
Furniture and fixtures .
Real estate b y foreclosure, etc. (assessed value, $17,775)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

$175,950
267,513
20,475
19,208
16,001
506,519
20,807
3,078
19,349
2,935
18,127
3,628

00
75
00
13
00
49
00
44
07
46
52
19

Total A s s e t s .......................................... $1,073,593 05

Liabilities.
Due depositors on 3,172 accounts, averaging $313.39 each
.
.
.
.
.
(Accounts opened during year, 410; closed, 348; increase, 62)
Surplus: —
,
a. Guaranty fund (5.03% o f deposits; increase during year, $1,822.13) .
b. Profit and loss (increase during year, $305.18)
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$6,180 51
Less current expenses not charged off
.
.
.
.
.
996 56

$994,065 44
50,002 33
24,341 33

5,183 95
Total L ia b ilit ie s .......................................... $1,073,593 05

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$1,783.26 $2,337.00
$600.00
$64.95
$1,014.07
$5,799.28
C ost per $1,000 of assets
1,66
2.18
.56
.06
.94
5.40
C ost per $1,000 of assets not including State tax and rent .
3.18
Gross income received during the year, $46,443.31.


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

BANK COMMISSIONER

No.

175

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 5.55 per cent.): 4%, $500; 5%, $221,082; 5M % , $704.30; 5M%> $15,550;
6%, $266,983.19; 7%, $1,700.
Personal loans (average rate, 5.84 per cent.): 5%, $3,207; 6%, $17,600.
Bonds, stocks, etc. (average rate on amounts invested, 4 per cent.): 3%, $21,000; 3 ^ % , $185,000; 4% ,
$244,750; 4)4% , $46,000; 5%, $6,500; 6%, $3,400; 8%, $6,100.
Number of loans not over $3,000 each, 204, amounting to $228,439.49.
20 real estate loans made during year, amounting to $39,543.50.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2% '
.
July, 1914, 2 %
Number of deposits during year, 2,719, amounting to
.

.

Number of withdrawals during year, 2,094, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

$208,536 79
181,728 13

.
.

$18,404 82
18,949 69
171,182 28

.

$26,808 66

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
SlO.OæBarre, Vt., 3Ms
38.000 Boston 4s
20.000 Chelsea 3)4s
10.000 Chelsea 4s
5.000 Dubuque, la., 3Ms
10.000 Lowell 4s
10.000 Los Angeles, Cal., 4Ms
10.000 New Bedford 4s
8.000 Salem 4s
15.000 Dedham 3Ms
6.000 North Attleborough 4s
5.000 Palmer 4s
4.000 Peabody 3Ms
6,500 Watertown 4s
14.000 Br. & T., Me. (W. D.), 4s
Public Funds, Notes.
$5,250 Ipswich 4s

$15,000 Baltimore & Ohio 3Ms
10.000 Benning. & Rutland 4Ms
10.000 Boston & Albany 4s
2.000 Boston & Lowell 4s
20.000 Boston & Maine 4Ms
5.000 Boyer Valley 3Ms
47.000 C., B. & Q. 3Ms
5.000 C., B. & Q. 4s
15.000 Concord & Montreal 4s
6.000 Fitchburg 4s
21.000 Illinois Central 3s
30.000 Illinois Central 3Ms
5.000 Minnesota & Iowa 3Ms
10.000 N. Y., N. H. & H. 3Ms
33.000 N. Y., N. H. & H. 4s
20.000 Old Colony 4s
19.000 Peoria & Northwest. 3Ms
5.000 Portland Terminal Co. 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
6.000 Boston Elevated 4Ms
5.000 West End 4s

Bank Stocks.
Shs.
15 Gloucester Nl. Bk.
26 First Nl. Bk., Ipswich
8 Nl. Grand Bk., Marblehead
43 First Nl. Bk., Salem
122 Merchants Nl. Bk., Salem
14 Salem Nl. Bk.
50 Salem S. D. & T. Co.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,104
.
317
134
99
25
18

Amount.
$37,877 54
26,785 87
22,955 46
34,717 70
21,839 37
18,180 00

. 2,697

$162,355 94

No.
. 1,269
From women
14
From guardians
From religious and cbari37
table corporations
150
In trust .

Amount.
$73,414 15
248 00

. 1,470

$84,429 80

Totals

22 transfers, amounting to $8,826.34, not included in above table.
D ate

of

E xamination , February 13.


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

4,399 43
6,368 22

176

REPORT OF THE

[Pub. Doc.

LAWRENCE SAVINGS BANK, LAWRENCE.
255 ESSEX STREET.
Incorporated March 10, 1868.

Number of corporators, 30; number of trustees, 15.

D aniel Saunders, President.
L ewis A. F oye , Treasurer.
N ewton P. F rye , Clerk of the Corporation.
Board of Trustees: L. A. F oye , N. P. F rye , C. H. H artwell , L. G. H olt, J. S. H owe , C. H. K itchin,
A . M aodonald , A . E. M ack , A. D . M arble , W . T . M cA lpine, J. I. M illiken , J. A . Perkins ,
W . E. Philbrick, R. E. Prescott, D aniel Saunders.
Board o f Investment: D aniel Saunders, J. I. M illiken , A. E . M ack , L. G. H olt, W . T. M cA lpine.
Auditing Committee: C. H. H artwell , W . E. Philbrick, R . A. Prescott.
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 r.M.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
861 loans on real estate (average of each, $3,834.80) .
82 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $105,000; assessed value, $71,100)
Real estate b y foreclosure, etc. (assessed value, $13,500) .
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

8312,965
417,220
44,718
10,800
3,301,763
1,364,345
104,897
9,721
109,106
26,667

Total Assets

70
00
75
00
00
75
30
52
60
29

. $5,702,205 91

Liabilities.
Due depositors on 12,703 accounts, averaging 8410.36 e a c h ..........................................
(Accounts opened during year, 3,260; closed, 2,152; increase, 1,108)
Surplus: —
a. Guaranty fund {4.95% of deposits; increase during year, $16,411)
b. Profit and loss (increase during year, $22,717.47)
.
.
.
Current income: —
a. I n t e r e s t ...............................................................
8113,070 08
b- R e n t ...............................................................
260 80
T
,
,
----------------------8113,330 88
Less current expenses not charged off
.
.
.
.
4,714 32
Unearned discount

.

.

.

.

.

.

258,186 00
120,756 30

108,616 56
1,851 80

.

Total Liabilities

85,212,795 25

.

.

.

.

.

$5,702,205 91

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
T o ta l.
Amount paid for
$7,841.04
$8,213.55
$3,600.00
$321.00
$2,752.15
$22,727 74
Cost per $1,000 of assets
1.37
1.44
.63
.06
.48
3 98
Cost per $1,000 of assets not including State tax and rent .
1.98
Gross income received during the year, $259,503.45.


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

BANK COMMISSIONER.

No.

177

Rates on Investments and Loans (Average on All, 4.83%).
Real estate locms (average rate, 4.95 per cent.): 4%, $48,500; 4L£%, $263,500; 5%, $2,961,723; 5)4% ,
$6,300; 5 ^ % , $6,750; 6%, $14,990.
Personal loans (average rate, 5.01 per cent.): 4J4%> $200,000; 4% % , $75,000; 4J^%, $386,000; 4% % ,
$75,000; 4M % . $25,000; 5%, $119,693.75; 5J^%. $30,000; 5 lA % , $195,392; 5% % , $50,000;
6%, $88,260; 6 H % , $75,000; 7%, $45,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 3%, $70,000; 3J£%> $15,000.
3 A % , $241,000; 3% % , $5,000; 4%, $311,000; 4>^%, $79,500; 5%, $64,000; 5.60%, $10,000;
7%, $4,200; 8%, $4,100; 10%, $2,500.
Number of loans not over $3,000 each, 538, amounting to $904,432.
85 real estate loans made during year, amounting to $314,950.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 24,736, amounting to

$91,268 52
95,380 98
1,347,779 63

Number of withdrawals during year, 12,002, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.
.

.
.

$1,534,429 13
1,125,721 02

.
.

.

$408,708 11

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3
1.000 Massachusetts 4s
15.000 Belfast, Me., 4s
5.000 Bridgeport, Ct., 4s
30.000 Chicago, 111., 4s
25.000 Cleveland, 0., 5s
20.000 Fort Wayne, Ind., 3}4s
15.000 Lawrence 4s
2.000 Los Angeles, Cal., 4J^s
25.000 Minneapolis, Minn., 4s
10.000 New Britain, Ct., 4s
5.000 New London, Ct., 4s
11.000 Oakland, Cal., 4J^s
25.000 Portland, Ore., 4s
25.000 Portland, Ore., 4J^s
5.000 Quincy 4s
14.000 San Francisco, Cal., 5s
20.000 Terre Haute, Ind., 4s
10.000 Attleborough 3A s

Public Funds, Notes.
$15,000 Middlesex Co. 3}4s
5.000 Chelsea 3^s
10.000 Bourne 4s
10.000 Braintree 5.60%
5.000 Methuen 4s
1,500 Methuen 4 A s
Railroad Bonds.
$15,000 Boston & Albany 3As
25.000 Boston & Lowell 4s
20.000 Boston & Maine 3As
10.000 Boston & Maine 4s
35.000 Boston & Maine 4As
40.000 C., B. & Q. 3J^s
35.000 C., B. & Q. 4s
26.000 Cleveland & Pitts. 3As
10.000 Concord & Montreal 4s
15.000 Connecticut River 3A.S
10.000 Brie & Pitts. 3As

$10,000 Fitchburg 3 A s
5.000 Fitchburg 4s
70.000 Illinois Central 3s
25.000 Louisville & Nashville 5s
5.000 M. Cent. & E. & N. A. 4s
25.000 N. Y., N. H. & H. 3^s
25.000 Peoria & Northwest. 3 A s
5.000 Ports., G. F. & C. 4As
20.000 Princeton & Northwest. 3A.S

Bank Stocks.
Shs.
20 Fourth-Atlantic Nl. Bk., Boston
25 Merchants Nl. Bk., Boston
20 Nl. Bk. of Commerce, Boston
29 Nl. Shawmut Bk., Boston
22 Webster & Atlas Nl. Bk., Boston
12 Bay State Nl. Bk., Lawrence

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.
.
.

No.
19,513
3,173
1,010
542
144
138

Amount.
$407,159 62
255,947 06
155,216 04
184,988 04
102,236 84
138,709 94

From women .
From guardians
From religious and charitable corporations
From labor unions .
In trust .
.
.
.

24,520 $1,244,257 54

Totals

No.
9,160
10

Amount.
$479,049 86
1,332 69

109
3
834

10,108 92
253 05
61,377 85

10,116

$552,122 37

216 transfers, amounting to $103,522.09, not included in above table.
D ates

of

E xamination , February 2, 3.


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

D ates

of

A udit , December 7-16 inclusive.

REPORT OF THE

178

[Pub. Doc.

LEE SAVINGS BANK, LEE.
M AIN STREET.
Incorporated M arch 5, 1852.

Number of corporators, 32; number of trustees, 11.

B ennett T. Gale , President.
E dwaed S. R ogers, Treasurer.
John L. K ilbon, Clerk of the Corporation.
Board of Trustees: W . C. B enton , B. T. Gale , C. E. H ibbard , J. L. K ilbon , T homas N orton,
J. A . R ice , M . T. R obbins, E . S. R ogers, C. H. Shaylor, A. C. Sparks, A . T . T readway .
Board of Investment: B. T . Gale , C. H. Shaylor , T homas N orton.
Auditing Committee: B. T. Gale , W . C. B enton, A. C . Sparks.
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, 1914.
Assets.
Public funds, bonds and notes
............................................................ $103,950
Railroad bonds and notes
.
.
.
.
.....................................................
473,868
Street railway bonds
.
.
.
.
.
.....................................................
87,450
American Tel. & Tel. Co. bonds
.....................................................
28,130
Stocks of banks and trust companies
...............................................................112,241
Securities acquired in settlement of indebtedness
.....................................................
1,350
326 loans on real estate (average of each, $2,291.07)
.....................................................
746,887
67 loans on personal security
.....................................................
166,735
Bank building and fixtures (estimated value, $19,000, assessed value, $9,600)
.
.
16,500
Deposits in national banks or trust companies
.....................................................
57,964
.
.
.
.
.
Cash and cash items
.....................................................
4,690
Total Assets

.

.

.

.

.

00
75
00
00
63
00
96
05
00
81
12

$1,799,768 32

Liabilities.
Due depositors on 3,818 accounts, averaging $428.57 each
(Accounts opened during year, 606; closed, 1^62; increase, JJ)
Surplus: —
a. Guaranty fund (4-98% of deposits; increase during year, $3,600)
b. Profit and loss (increase during year, $4,341.01)
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.

.

$1,636,302 50
81,500 00
55,599 41

$26,251 83
114 58
26,366 41

Total Liabilities

.

.

.

.

.

$1,799,768 32

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$3,147.64 $3,755.96
$800.00
$35.25
$1,070.63
Cost per $1,000 of assets
1.75
2.08
.44
.02
.59
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $83,475.51.


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

Total.
$8,809.48
4.88
2.69

179

BANK COMMISSIONER

No. 8.]

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 5.05 per cent.): 43^%, $75,000; 5%, $581,532.25; 5J^%, $23,150;
6%, $67,205.71.
Personal loans (average rate, 5.22 per cent.); 5%, $112,881.80; 5% % , $1,500; o]/2%, $20,400; 6%,
$31,060.
Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cent.): 3 H % t $125,000; 4%, $378,500;
4M % , $7,250; 4Y10% , $5,000; 4J^%, $86,200; 5%, $95,000; 6%, $15,000; 63^%, $3,400; 7%,
$25,500; 8%, $18,800; 10%, $21,000; 12%, $4,000; 16%, $3,300.
Number of loans not over $3,000 each, 311, amounting to $320,241.01.
52 real estate loans made during year, amounting to $75,225.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Nov. 1913, 2%
.
.
.
.
.
M ay, 1 9 1 4 , 2 % ..........................................
Number of deposits during year, 3,273, amounting to
.
.
.
.
.
Number of withdrawals during year, 2,711, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$30,296 97
31,183 39
258,989 35

.

$320,469 71
275,113 68

.

$45,356 03

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3}^s
10.000 Chicago, 111., 4s
5.000 Cleveland, 0., 5s
5.000 Lawrence 4s
10.000 Los Angeles, Cal., 4J^s
10.000 Norwalk, Conn., 4s
10.000 San Francisco, Cal., 5s
2.000 Stamford, Conn., 4s
3,500 Great Barrington 4s
5.000 Manchester, Conn., 4s
5.000 Kittery, Me. (W. D.), 5s
Public Funds, Notes.
$5,000 Lee 4%ios
15.000 Lee 4J^s
2.100 Otis 4^s
4.100 Tyringham 4J^s
7,250 Lee (F. D.), 4Ms
Railroad Bonds.
$10,000 Bangor & Aroostook 5s
10.000 Baltimore & Ohio 3}^s
10.000 Beech Creek 4s
10.000 Boston & Albany 3}4s
10.000 Boston & Albany 4s
5,000 Boston & Albany 5s
10.000 Boston & Lowell 4}4s
10.000 Boston & Maine 4s
15.000 Boston & Maine 4Jd>s
20.000 C., B. & Q.

Par Value.
$35,000 C„ B. & Q. 4s
5.000 Chic., Mil. & St. Paul 4^s
5.000 Chic., Mil. & St. Paul 5s
5.000 Chic. & Northw. 4s
15.000 Chicago, R. I. & Pacific 4s
20.000 Concord & Montreal 4s
10.000 Delaware & Hudson 4s
10.000 Fitchburg 33dis
10.000 Fitchburg 4s
5.000 Fitchburg 4J^s
40.000 Illinois Central 3Hs
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. 3}4s
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
5,000 No. Pacific 4)^s
25.000 Old Colony 4s
10.000 Providence Terminal Co. 4s
10.000 Sioux City & Pacific 3}^s
15.000 Western Pennsylvania 4s

Street Railway Bonds.
$20,000 Boston Elevated 4s
5.000 Boston Elevated 4J^s
10,000 Boston & Northern 4s
5.000 Holyoke 5s

Par Value.
$15,000 Hoosac Valley 4s
10.000 Lynn & Boston 5s
5.000 Old Colony 4s
10.000 West End 4s
5.000 West End 4)^s
5.000 Worcester Consol. 43^s

Bank Stocks.
Shs.
40 First Nl. Bk., Amherst
15 Fourth-Atlantic Nl. Bk., Boston
40 First Nl. Bk., Boston
20 Merchants Nl. Bk., Boston
30 Nl. Bk. of the Republic, Boston
39 Nl. Shawmut Bk., Boston
12 Nl. Union Bk., Boston
14 Old Colony Trust Co., Boston
50 Second Nl. Bk., Boston
40 Webster & Atlas Nl. Bk., Boston
10 Nl. Mahaiwe Bk., Gt. Barrington
100 Lee Nl. Bk
34 No. Adams Nl. Bk.
33 Agricultural Nl. Bk., Pittsfield
90 Pittsfield Nl. Bk.
5 Third Nl. Bk., Pittsfield
50 Chapin Nl. Bk., Springfield
72 Chicopee Nl. Bk., Springfield
60 Springfield Nl. Bk.
51 Third Nl. Bk., Springfield
15 Housatonic Nl. Bk., Stockbridge
20 Merchants Nl. Bk., Worcester

Classification of Deposits received during the Year ending October 31, 1914.
No.
Amount.
Amount.
No.
1,382
$115,609
$45,073 17 From women
. 2,295
Of $50 and less
1,174
9
39,786 48 From guardians
.
491
Over $50, not over $100
33,106 80 From religious and chari216
Over $100, not over $200 .
3,875
34
table corporations .
44,757 99
127
Over $200, not over $500
15,894
99
In trust .
.
.
.
28,230 49
39
Over $500, under $1,000
40,000 00
38
Of $1,000 or more
$136,554
1,524
Totals
$230,954 93
. 3,206
Totals
67

transfers, amounting to $28,034.42, not included in above table.
D ates

of

E xamination , December 3, 4.


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

72
50
56
99
77

J80

REPORT OF THE

[Pub. Doc.

LEICESTER SAVINGS BANK, LEICESTER.
M AIN STREET.
Incorporated April 17, 1869.

Number of corporators, 40; number of trustees, 13.

A lonzo B. D avidson , President.
H arold C. M urdock , Treasurer.
A lexander M c N eish , Clerk of the Corporation.
Board of Trustees: G. W . B ur n ett , G. O. C u r rier , A. B. D avidson , A. F. E stabrook , B. A .
G ibson , A lexander M c N eish , C. T. M unroe , C. E. P e r r y , W . E. Spragu e , E dward W ar ren [
S. G. W a r ren , W alter W a r ren , W . C. W atson .
Board of Investment: A . B. D avidson , C. T. M unroe , G. W . B urnett , W . E. Spragu e , W . C.
W atson , A. F. E stabrook , B. A. G ibson .
Auditing Committee: W . C. W atson , G. O. C u r rier , C. E. P e r r y .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
_
_
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
240 leaps on real estate {average of each, $1,904-87)
.
.
.
.
.
.
.
6 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $9,000; assessed value, $5,500)
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
'
C a s h ..................................................................................................................................................
Total Assets

.

.

.

.

.

$93,000 00
201 975 00
41 120 00
13 390 00
7 626 00
2,239 82
457T68 00
33,900 00
7^000 00
' 26 80
3,219 44
2,726 58
$863,391 64

Liabilities.
Due depositors on 1,713 accounts, averaging $468.78 each
.
.
.
.
.
(Accounts opened during year, 150; closed, 100; increase, 50)
Surplus: —
a. Guaranty fund {5% o f deposits; increase during year, $1,717.66)
.
.
.
b. Profit and loss (increase during year, $854.82)
.
.
.
.
.
.
Current incom e: —
a. I n t e r e s t ............................................................... $17,079 45
b. Rent
.
...
.
.
.
.
.
124 95
----------------------$17,204 40
Less current expenses not charged off
.
.
.
.
914 12
-----------------------


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

Total Liabilities

.

.

.

.

.

$803,021 91
40,180 69
3,898 76

16,290 28
$863,391 64

No. 8.]

BANK COMMISSIONER.

181

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,570.41
$1,341.00
$400.00
$122.95
$543.82
$3,978.18
Cost per $1,000 of assets
1.82
1.55
.46
.14
.63
4.60
Cost per $1,000 of assets not including State’ tax and rent .
.
.
.
.
.
2.32
Gross income received during the year, $38,742.58.

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 5.13 per cent.): 5%, $385,542; 5J^%, $27,292; 6%, $44,334.
Personal loans (average rate, 5.66 per cen t.): 5%, $150; 5p£%, $23,000; 6%, $10,750.
Bonds, stocks, etc. (average rate on amounts invested, 3.96 per cent.): 3%, $5,000; 314%, $126,0004%, $186,000; 5%, $36,000; 8%, $5,000; 9%, $300.
Number of loans not over $3,000 each, 207, amounting to $247,181.
25 real estate loans made during year, amounting to $51,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Dec., 1913, 2%
June, 1914, 2%
Number of deposits during year, 816, amounting to
.

.

$15,235 48
15,644 69
78,335 09

.

$109,215 26
89,271 33

Number of withdrawals during year, 870, amounting to
Net increase in amount due depositors

$19,943 93

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Brockton 4s
5.000 Fall River 4s
15.000 Middletown, Ct., 3}^s
24.000 New Bedford 4s
10.000 Saginaw, Mich., 4s
1.000 Clinton 4s
5.000 Great Barrington 4s
5.000 No. Attleborough 4s
10.000 Westborough 3J£s
10.000 Kennebec. Me. (W. D.), 3Hs
3.000 Leicester (W. D.), 4s

Railroad Bonds.
$10,000 Bangor & Aroostook 5s
8.000 Boston & Albany 3}4s
33.000 Boston & Maine 4s
5.000 Boston & Providence 4s
15.000 Boyer Valley 3)4is
20.000 C., B. & Q. 33^s
5.000 C„ B. & Q. 4s
3.000 Erie & Pittsburgh 3J^s
10.000 Fitchburg 4s
5.000 Illinois Central 3s
30.000 Illinois Central 3J^s
15.000 N. Y., N. H. & H. 3V2a
14.000 N. Y „ N. H. & H. 4s
20.000 No. Maine Seaport 5s
5.000 Old Colony 4s
5.000 Upper Coos 4s

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4s
11.000 Boston & Northern 4s
6.000 East Middlesex 5s
5.000 Springfield 4s
10.000 West End 4s

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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.

No.
590
81
57
38
26
16

Amount.
$8,437 92
7,079 27
8,844 16
13,659 65
19,082 42
16,000 00

808

$73,103 42

From women
From religious and charitable corporations .
In trust .
.
.
.
Totals

8 transfers, amounting to $5,231.67, not included in above table.
D ate

op

E xam ination , M ay 26.


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

No.
331

Amount.
$33,497 01

19
30

553 75
1,985 41

380

$36,036 17

182

[Pub. Doc.

REPORT OF THE

LENOX SAVINGS BANK, LENOX.
W ALKER STREET.
Incorporated April 4, 1890.

Number of corporators, 29; number of trustees, 15.

G eorge R . B ull , Treasurer.
F rank L. G ilm ore , President.
M urray A. B row n , Clerk of the Corporation.
Board of Trustees: 1. J. B a r rett , H . A. B elden , G. F. B ourne , M . A. B r o w n , W . B. B u ll , W . G .
C lifford , W . D . C urtis , F. L. G ilmore , W illiam M ah a n n a , E dward M cD onald , G. A .
M ole , G. S. P elton , L. C. P eters , H enry Sedgw ick , M . R . Sedgw ick .
Board of Investment: F. L. G ilmore , G. F. B ourne , W . D . C ur tis , H . A . B elden , H enry Sedgw ick .
Auditing Committee: F. J. B a r r e tt , L. C. P eters , G. 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
113 loans on real estate {average of each, $3,866.85) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.
.
.

.
.
.

.
.
.

.
.

.

.

.

.
.
.

.
.

•
.
•
$381,054 71
600 00

.
.

.

.
.
.

16 loans on personal security
.
. _ .
Deposits in national banks or trust companies
Cash and cash items
.

$36,424
225,799
59,711
12,703
63,620
930

00
00
00
00
00
00

380,454
62,030
17,896
1,982

71
00
86
74

Total A s s e t s ...........................................$861,551 31

Liabilities.
$825,607 98

Due depositors on 1,995 accounts, averaging $413.84 each
CAccounts opened during year, 346; closed, 259; increase, 87)
Surplus: —
a. Guaranty fund (2.72% of deposits; increase during year,
b. Profit and loss (increase during year, $1,765.76)
Current income: —
Interest
.
.
.
.
.
.
.
•
Less current expenses not charged off
.
.
.
Unearned discount


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

.

.

.

.

.

.

.

22,501 81
6,080 03

2,019.63)
r,364 25
674 85

.

Total Liabilities

.

.

.

.

.

6,689 40
672 09
$861,551 31

No. 8.]

BANK COMMISSIONER.

183

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,775.98 $1,481.00
$200.00
$6.20
$646.95
$4,110.13
Cost per $1,000 of assets
2.06
1.72
.23
.01
.75
4 .77
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .48
Gross income received during the year, $38,299.93.

Rates on Investments and Loans (Average on All, 4.75%).
Real estate loans (average rate, 5 per cent.): 4J4%. $44,926.90; 5%, $312,597.81; 5J^%, $2,100; 6% ,
$20,830.
Personal loans (average rate, 5.87 per cent.); 4J4%> $900; 5%, $19,030; 5J4%> $5,000; 6%, $17,100;
6J4%, $10,000; 7%, $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3J4%> $92,000; 4% , $139,000 ;
4}4%> $25,000; 5%, $80,000; 6%, $1,500; 6 ^ % , $6,000; 7%, $7,600; 8%, $13,900; 8>4%, $2,500;
10%, $7,400; 19%, $2,000.
Number of loans not over $3,000 each, 85, amounting to $117,020.01.
18 real estate loans made during year, amounting to $83,000.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 2,415, amounting to

$15,014 52
15,475 67
161,557 90

Number of withdrawals during year, 1,379, amounting to

$192,048 09
162,233 62

N et increase in amount due depositors

$29,814 47

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$16,000 Boston 4s
5.000 Lenox 4s
2.000 Saugus 4s
2.000 Walpole 4s
5.000 Kittery, Me. (W. D.), 5s
5.000 Van Buren, Me. (W. D.), 4s

$15,000 Chic. & Northwestern 4s
62.000 Illinois Central 314s
15.000 N. Y., N. H. & H. 314s
20.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
5,000 Washington Co. 314s

Street Railway Bonds.
$5,000 Boston Elevated 4s
5.000 Boston Elevated 4J4s
30.000 Boston & Northern 4s
17.000 Citizens’ Electric 5s
5.000 Old Colony 4s

Railroad Bonds.
$36,000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
20.000 Boston & Maine 4)4s
10.000 C., B. & Q. 3V2s
10.000 C., B. & Q. 4s

Bank Stocks.
Shs.
57 Lee Nl. Bk.
80 Lenox Nl. Bk.
60 North Adams Nl. Bk.
15 Palmer Nl. Bk.
20 Agricultural Nl. Bk., Pittsfield
19 Pittsfield Nl. Ilk.
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.
15 First Nl. Bk., Northampton
20 First Nl. Bk., Winchendon
10 Mechanics Nl. Bk.,Worcester

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 1,791
.
355
142
62
13
34

Amount.
$36,636 80
28,352 56
21,058 72
21,208 67
8,957 69
34,500 00

. 2,397

$150,714 44

From women
From religious and charitable corporations .
In trust .
.
.
.
Totals

18 transfers, amounting to $10,843.46, not included in above table.
D ates

op

E xamination


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

and

A udit , March 9-13 inclusive.

No.
897

Amount.
$37,804 81

21
17

197 93
1,583 90

935

$39,586 64

184

REPORT OF THE

[Pub. Doc.

LEOMINSTER SAVINGS BANK, LEOMINSTER.
12 M AIN STREET.
Incorporated March 16, 1865.

Number of corporators, 35; number of trustees, 15.

A rthur H. H a l l , President.
C harles A. J oslin , Treasurer.
E verett B. R ichardson , Clerk of the Corporation.
Board of Trustees: E . F. B lodgett , M . H. B osworth , W . H. C hase , A. L. C lar k , F. S. F arnsw orth ,
A. H. H a l l , W . H. H ar rison , C. A. J oslin , C lesson K en n ey , E. B. K ingman , H amilton
M a y o , D . C . N ickerson , E. B. R ichardson , H. R. S mith , F. A . W h itn e y .
Board of Investment: C lesson K en ney , H amilton M a y o , A . H. H a l l , D . C. N ickerson , M . H.
B osworth .
Auditing Committee: A. H. H a l l , E . B. K ingm an , F. S. F arnsw orth .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
876 loans on real estate (average of each, $2,065.22) .
.
.
.
.
58 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $82,000; assessed value, $60,790)
Real estate b y foreclosure, etc. (assessed value, $10,430) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

$691,880
217,945
40.000
14,156
21.000
1,809,130
419,675
78,000
8,641
96,695
9,771

Total Assets

11
00
00
25
00
00
00
00
97
62
34

. $3,406,895 29

Liabilities.
Due depositors on 7,966 accounts, averaging $400.89 each
(Accounts opened during year, 989; closed, 868; increase, 126)
Surplus: —
a. Guaranty fund (4-88% of deposits; increase during year, $8,200)
b. Profit and loss (increase during year, $6,965.50)
Current income: —
a. Interest .
.
.
.
.
.
.
$46,499 29
b. R e n t ...............................................................
2,561 56

.

156,000 00
14,951 89

$49,060 85
6,607 45
-----------------

Less current expenses not charged off

Total Liabilities

.

.

$3,193,490 00

.

.

.

42,453 40
$3,406,895 29

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$5,299.20
$6,210.28
$1,900.00
$12.20
$1,368.30
$14,789.98
Cost per $1,000 of assets
1.55
1.82
.56
.40
4.33
Cost per $1,000 of assets not including State tax and rent .
,
.
,
.
2.22
Gross income received during the year, $152,764.34.


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

BANK COMMISSIONER.

No. 8.]

185

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.94 per cent.): 4%, $45,000; 4M % . $17,000; 4J^%, $101,000; 4 M % ,
$38,000; 5%, $1,604,705; 6%, $3,425.
Personal loans (average rate, 5 per cent.): 5%, $419,525; 6%, $150.
Bonds, stocks, etc. (average rate on amounts invested, 3.97 per cent.): 3)4% , $324,000; 3M % . $44,200;
4%, $565,705.11; 4 ^ % , $25,000; 5%, $10,000; 8%, $23,000.
Number of loans not over $3,000 each, 802, amounting to $1,044,265.
80 real estate loans made during year, amounting to $109,945.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 8,311, amounting to
.

.

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

Number of withdrawals during year, 7,991, amounting to
Net increase in amount due depositors

.

.

.

.
.

.

.
.

.
.

$59,704 46
61,130 49
550,580 14

.

$671,415 09
570,204 13

.

$101,210 96

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Beverly 4s
40.000 Boston 3p£s
10.000 Cambridge 3p£s
20.000 Cambridge 4s
15.000 Chicago, 111., 4s
10.000 Chicopee 4s
20.000 Cleveland, 0., 4J^s
23.000 Dubuque, la., 4s
20.000 Everett 4s
12.000 Holyoke 4s
28.000 Lowell 4s
25.000 Lynn 4s
20.000 Malden 4s
25.000 New Bedford 4s
15.000 Newton 4s
13.000 North Adams 4s
20.000 Pittsfield 4s
15.000 Providence, R. I., 3
3.000 Quincy 4s
20.000 Salem 4s
10.000 San Francisco, Cal., 5s
5.000 Somerville 3p£s
22.000 Somerville 4s
15.000 Syracuse, N. Y., 4s

Par Value.
$10,000 Troy, N. Y „ 3^s
10.000 Worcester 3p£s
10.000 Worcester 4s
18.000 Athol 4s
7.000 Dracut 4s
43.000 Leominster 3%s
1.000 Leominster 4s
6.000 Peabody 4s
6.000 Reading 4s
11.000 Revere 4s
20.000 Stoneham 3I^s
16.000 Wakefield 4s
8.000 Watertown 4s

Railroad Bonds.
Par Value.
$15,000 Boston & Albany 3M>s
30.000 Boston & Albany 4s
15.000 Boston & Maine 3p2S
25.000 Boston & Maine 4s
1.000 Boston & Maine 4p£s
10.000 C., B. & Q. 3Y2s
20.000 Concord & Montreal 4s
11.000 Connecticut River 3Ms
25.000 Fitchburg 3Ms
4.000 Fitchburg 4s
30.000 Illinois Central 3Ms
20.000 N. Y., N. H. & H. 3J^s
10.000 N. Y., N. H. & H. 4s
6.000 Old Colony 4s

Public Funds, Notes.
$3,000 Barnstable 3}4s
95,000 Leominster 3Ys
4.000 Leominster 4p£s
5.000 Methuen 3p£s
1,705 Nantucket 4s
1,200 Shirley 3Ms

Street Railway Bonds.
$20,000 Boston Elevated 4s
20.000 West End 4s
Bank Stocks.
Shs.
150 Leominster Nl. Bk.
80 Safety Fund Nl. Bk., Fitchburg

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50. not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 6,606
784
.
385
.
283
95
78

Amount.
$114,572 02
64,847 18
59,923 33
100,247 07
69,298 52
92,285 34

. 8,231

$501,173 46

No.
From women
2,773
From guardians
12
From religious and charitable corporations .
50
In trust .
.
.
.
27
Totals

80 transfers, amounting to $49,406.68, not included in above table.
D ates

of

E xam ination , June 23-25 inclusive.


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

2,862

Amount.
$184,126 72
1,181 74
4,289 91
21,107 18
$210,705 55

186

REPORT OF THE

[Pub. Doc.

LEXINGTON SAVINGS BANK, LEXINGTON.
440 MASSACHUSETTS AVENUE.
Incorporated March 11, 1871.

Number of corporators, 45; number of trustees, 25.

G eorge O. W h iting , President.
E dw in B. W orthen , Treasurer.
A . E . Scott , Clerk of the Corporation.
Board of Trustees: G. E . B riggs , F. C. C hilds , G. H. C hilds , J. E . C rone , C. B. D a v is , G. O. D a v is ,
E . F. F obes , W . B. F oster , C. P. J ohnson , A . E. L ocke , J. E. A. M ulliken , E. P. N ichols ,
H . S. O. N ichols , J. L. N orris , F. D . P eir ce , J. F. R ussell , A . E. Scott , G. A . Skelton ,
G. W . Spaulding , I rving Stone , H. C. V alentine , J. J. W alsh , G. O. W h itin g , A. C. W hit ­
n e y , E . B. W orthen .
Board of Investment: G. O. W h iting , C. B. D a v is , J. E. C r o n e , J. L. N orris , F. D . P eir ce , G. W .
Spaulding .
Auditing Committee: G. E . B riggs , A . E . L ocke , H. S. O. N ichols.
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: every business day, except
Saturday, 2 to 5 p .m .; Saturdays, 10 a .m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
American Tel. & Tel. Co. bonds
124 loans on real estate (average of each, $2,797.26) .
.
.
.
.
.
18 loans on personal security
.
.
.
.
.
.
,
’
Bank building and fixtures (estimated value, $30,000; assessed value, $28,950)
Real estate b y foreclosure, etc. (assessed value, $4,800)
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
Suspense account
Deposits in national banks or trust companies
.
.
.
.
.
'
.
Cash .
.
.
.
.
.
.
.
.
.

$84,775
152,267
65,157
13,268
346,860
55,000
28,800
3,535
600
100
18,820
3,349

‘
'.

00
50
50
75
00
00
00
79
00
00
97
12

Total A s s e t s .......................................... $772,534 63

Liabilities.
Due depositors on 2,320 accounts, averaging $313.34 each
.
(Accounts opened during year, 195; closed, 192; increase, 3)
Surplus: —
a. Guaranty fund (4-98% of deposits; increase during year, $1,200)
h. Profit and loss (increase during year, $190.18)
.
.
.
.
Current i ncom e: —
a. I n t e r e s t ............................................................... $3,473 65
b. R e n t ...............................................................
112 50
----------------------L e ss cu r r e n t ex p e n se s n o t ch a r g e d o ff

School

s a v in g s s y s t e m

.


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

.

.

.

.
.

.
.

.
.

$726,964 62

.

$3,586 15

.

334
.

.

.

36,200 00
6,038 39

.

.

79

3,251 36
80 26

Total L ia b ilitie s .......................................... $772,534 63

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
$1,469.08 $1,738.00
$500.00
$21.25
$406.37
$4,134.70
Cost per $1,000 of assets
1.90
2 .24
.65
.03
.53
5.35
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.80
Gross income received during the year, $35,098.54.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.12 per cent.): 4 A % i $8,000; 5%, $293,060; 5J^%, $3,000; 6%,
$42,800.
Personal loans (average rate, 6.04 per cen t.): 5%, $10,000; 6%, $20,000; 6J^%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3%, $5,000; ‘¿ A % , $21,000;
4%, $178,000; 4J^%, $75,000; 5%, $42,000.
Number of loans not over $3,000 each, 103, amounting to $159,360.
7 real estate loans made during year, amounting to $14,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 2,064, amounting to

$13,560 67
13,845 38
111,717 86

Number of withdrawals during year, 1,825, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$139,123 91
118,830 11

.

$20,293 80

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3s
10.000 Massachusetts 4s
10.000 Baltimore, Md., 4s
5.000 Duluth, Minn., 4As
7.000 Fall River 4s
15.000 Hartford, Conn., 4As
5.000 Melrose 4s
10.000 San Francisco, Cal., 4As
10.000 Lexington 4s
8.000 Kittery, Me. (W. D.), 5s

Railroad Bonds.
Par Value.
$10,000 Aroostook Northern 5s
10.000 Bangor & Aroostook 5s
4.000 Boston & Albany 5s
5.000 Boston & Maine 4s
25.000 Boston & Maine 4A&
24.000 C., B. & Q. 4s
5.000 Concord & Montreal 4s
5.000 Connecticut River 3As
5.000 Conn. & Pass. Rivers 4s
10.000 N. Y., N. H. & H. 3As
30.000 N. Y „ N. H. & H. 4s

Par Value.
$10,000 No. Maine Seaport 5s
6.000 Old Colony 3J^s
5.000 Old Colony 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston Elevated 4As
22.000 Boston & Northern 4s
15.000 Springfield 4s
10.000 Worcester Cons. 4As

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,659
.
211
93
69
17
15

Amount.
$29,536 47
16,848 40
14,539 85
22,932 26
12,128 73
15,732 15

. 2,064

$111,717 86

No.
From women
1,056
From guardians
12
From religious and charitable corporations .
45
In trust .
.
.
.
195
Totals

Totals
D ate

of

E xam in ation , January 9.


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

1,308

Amount.
$52,459 71
1,472 97
3,838 59
11,827 58
$69,598 85

188

REPO RT OF THE

[Pub. Doc.

LOWELL FIVE CENT SAVINGS BANK, LOWELL.
107

M ERRIM ACK STREET.

f Greenhalge Grammar School.
Branch Offices: \ Riverside Gramm ar School.
[ Colburn Training School.
Incorporated April 12, 1854. Number of corporators, 44; number of trustees, 17.
A u st in K . C h a d w ic k , President.
C h a r l e s A . R ic h a r d s o n , Treasurer.
C h a r l e s L . K n a p p , Clerk of the Corporation.

Board of Trustees: C . A. A b b o t t , C . E . B a r t l e t t , A . K . C h a d w ic k , F . E. D u n b a r , G. L. H o o p e r ,
C . L . K n a p p , J. A. L e g a r e , G. S. M o t l e y , F r a n k l in N o u r s e , F . P . P u t n a m , A. C . R u ss e l l ,
C . W . R u s s e l l , A . T . S a 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 , J. C . W a d l e ig h , W . F .
W il d e r .

Board of Investment: C . A . A b b o t t , A . K . C h a d w ic k , F. E . D u n b a r , G. L. H o o p e r , S. H . T h o m p so n ,
W . F. W i l d e r .
Auditing Committee: G. S. M

otley,

F r a n k l in N o u r s e , G. L . H o o p e r .

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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
833 loans on real estate {average of each, $4,109.05) .
Less amount due on uncompleted loans .
.
.

.

.

.

.

.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.

.
.

.

.

.
.
.
.
.
.
$3,432,791 66
9,950 00

53 loans on personal security
.
Bank building and fixtures (estimated value, $70,000, assessed value, $92,950)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

$209,000
856,500
242,400
92,400
44,600

00
00
00
00
00

3,422,841
566,820
50,000
157,050
9,284

66
83
00
58
86

. $5,650,897 93

Total Assets

Liabilities.
Due depositors on 20,232 accounts, averaging $255.57 each
{Accounts opened during year, If.,255; closed, 4,851; decrease, 596)
Surplus: —
a. Guaranty fund {5.07% of deposits; increase during year, $7,000)
b. Profit and loss {increase during year, $10,602.07) .
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

$5,170,810 41
262,000 00
122,116 86

$95,630 91
339 75
-----------------

.

95,970 66

. $5,650,897 93

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$8,262.61 $12,314.83 $1,800.00
$525.25
$4,094.37 $26,997.06
Cost per $1,000 of assets
1.46
2 .18
.32
.09
.72
4 .7 7
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.99
Gross income received during the year, $259,989.65.


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

189

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.75%).
Real estate loans (average rate, 4.91 per cent.): 4 }i% , $70,000; 4 y2%, $851,650; 4M%> $33,600; 5%,
$2,251,941.66; 5M%, $79,700; 6%, $135,950.
Personal loans (average rate, 5.19 per cent.): 4%, $2,500; 4J4%> $40,000; 4h£%, $141,400; 5%,
$222,995.83; 5}4% , $26,150; 6%, $3,775; &V2%, $130,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3h£%> $15,000; 3V2%, $270,000,
3.56%, $20,000; 4%, $938,000; 4>i% , $200,000 ; 5%, $7,200; 6%, $5,000; 8%, $30,600; 10%,
$1,000; 12%, $2,500.
Number of loans not over $3,000 each, 636, amounting to $761,232.92.
60 real estate loans made during year, amounting to $278,600.

Dividends, Deposits and Withdrawals.
$94,088 96
96,634 11
1,094,508 85

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 34,304, amounting to

$1,285,231 92
1,195,326 27

Number of withdrawals during year, 20,093, amounting to

$89,905 65

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
$R),000California 4s
15.000 Massachusetts 3Hs
10.000 Boston 4s
45.000 Chicago, 111., 4s
10.000 Duluth, Minn.,
40.000 Los Angeles, Cal., 4)/£s
3,000 Lowell 4s
15.000 Minneapolis, Minn., 4s
10.000 Portland, Ore., 4s
20.000 St. Paul, Minn., 4}4s

Public Funds, Notes.
$15,000 Massachusetts 3Ms
20,000 Andover 3.56%

$50,000 Boston & Albany 3Ms
25.000 Boston & Albany 4s
50.000 Boston & Maine 3Ms
50.000 Boston & Maine 4s
20.000 Boston & Maine 4Ms
50.000 C., B. & Q. 3Ms
105,000 C., B. & Q. 4s
25.000 Chic , R I. & Pac. 4s
85.000 Chic., & North. 4s
40.000 Fitchburg 4s
25.000 Illinois Central 3Ms
50.000 Illinois Central 4s
20.000 Michigan Central 3Ms
25.000 Minn. & Iowa 3Ms
5.000 N. Y., L. & W. 6s
90(000 N. Y., N. H. & H. 4s
25.000 N. Y. C. & H. R. 3Ms
25.000 Norwich & Wore. 4s
25.000 Port. & Ogdens. 4Ms
75.000 Portland Terminal Co. 4s
10.000 Sioux City and Pac. 3Ms

Street Railway Bonds.
$75 000 Boston Elevated 4s
45.000 Boston Elevated 4p£s
50.000 Boston & Northern 4s
10.000 Old Colony 4s
10.000 Springfield St. Ry. 4s
20.000 West End 4s
40.000 Worcester Con. 4Ms

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
66 Union Nl. Bk., Lowell
20 Wamesit Nl. Bk., Lowell

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
30,684
1,787
851
641
187
137

Amount.
$309,661 65
145,064 51
131,703 15
220,989 08
131,645 34
150,041 22

No.
14,704
From women .
17
From guardians
From religious and chari282
table corporations
16
From labor unions
8
From credit unions
4,170
In trust .

Amount.
$540,105 97
4,338 93

19,197

$716,007 86

34,287 $1,089,104 95
Totals

17

transfers, amounting to $5,403.90, not included in above table.
D a t e s of E x a m in a t io n , April 30, M ay 1.


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

18,333
556
3,660
149,012

59
31
50
56

REPORT OF THE

190

[Pub. Doc.

LOWELL INSTITUTION FOR SAVINGS, LOWELL.
18

SHATTUCK STREET.

Branch Office: Westford.
Incorporated February 20, 1829. Number of corporators, 39; number of trustees, 11.
F b e d e b ic A . F i s h e b , President.
E d w ah d B. C a b n e y , Treasurer.
J o s e p h L. C u s h in g , Clerk of the Corporation.

Board of Trustees: J. C . A b b o t , F b e d e r ic k B a il e y , G e o b g e B o w e b r , J. A . C a m e b o n , E . B . C a b n e y ,
M ic h a e l C o l l in s , J. L. C u s h in g , H a h k y D u n l a p , F . A . F i s h e b , C . H . H o b so n , E . H . S c e ib n e b .
Board of Investment: G e o b g e B o w e r s , H a b b y D u n l a p , C. H. H o b so n , E . H. S c b ib n e b , E. B . C a b n e y .
Auditing Committee: J. L. C u s h in g , M ic h a e l C o l l in s , F b e d e b ic k B a il e y , G e o b g e B o w e e 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
Stocks of banks and trust companies
.
.
.
562 loans on real estate (average of each, $8,267.46) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.

.

.
.
.

.
.
.

.
.
.

.
.
.
.
.
.
$4,668,908 93
.
.
22,595 00
- — ---------------33 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $59,970; assessed value, $59,970)
.
.
Real estate by foreclosure, etc. (assessed value, $10,250) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.
.

.
.
.

.

Total Assets

.
.

.
.
0

.

$534,201
919,228
305,570
116,386
59,200

55
80
80
25
00

4,646,313 93
650,560 00
36,944 67
1 00
123 68
148,351 20
9,036 60

.

.

.

.

$7,425,918 48

Due depositors on 13,788 accounts, averaging $493.51 each
.
.
(Accounts opened during year, 2,782; closed, 1,334; increase, 1,398)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $24,500)
h. Profit-and loss (increase during year, $57,848.88) .
.
.
Reserved for dividend .
.
.
.
.
.
.
.
.

.

.

.

$6,804,516 87

Liabilities.

Total Liabilities

.

.

.

.

.
.

.

.
.

340,500 00
150,993 47
129,908 14

.

.

$7,425,918 48

.
.

.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$9,139.93 $15,481.82
$800.00
$659.34
$3,157.37 $29,238.46
Cost per $1,000 of assets
1.23
2 .0 8
.11
.09
.42
3.93
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
2 .59
Gross income received during year, $346,390.24.


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

191

BANK COMMISSIONER

No. 8.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 4.90 per cent.): 3}4% , $16,900; 4%, $244,500; 4)4% , $202,000; 4J^%,
$511,925; 4M % . $235,833.33; 5%, $2,971,040.60; 5 ^ % , $385,650; 6%, $78,465.
Personal loans (average rate, 5.25 per cent.): 4J^%, $114,300; 4 % % , $25,000; 5%, $157,360; 5J^%,
$252,800; 6%, $101,100.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3% % , $6,000; 3J/£%, $44,020;
3 ^ % , $12,541.40; 4%, $1,359,900; 4J^%, $13,440; 4M % , $31,000; 4]4% , $295,400; 4M % ,
$6,250; 5%, $146,000; 8%, $8,900; 10%, $47,300.
Number of loans not over $3,000 each, 367, amounting to $510,217.
67 real estate loans made during year, amounting to $733,235.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2 %
Number of deposits during year, 14,069, amounting to
.

.

Number of withdrawals during year, 11,441, amounting to
N et increase in amount due depositors

.

.

.

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

.

.

.

.

.

$1,378,889 04
897,029 83

.
.

$121,758 63
125,329 91
1,131,800 50

.

$481,859 21

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$60,000 California 4s
10.000 Massachusetts 3J^s
4.000 Everett 4s
25.000 Lynn 4%s
25.000 Los Angeles, Cal., 4)^s
5.000 Malden 4s
25.000 Minneapolis, Minn., 4s
50.000 Omaha, Neb., 4J^s
5.000 Peoria, 111., 4s
32.000 Pittsfield 4s
10.000 San Francisco, Cal., 4)^s
25.000 San Francisco, Cal., 5s
24.000 Seattle, Wash., 4s
50.000 Seattle, Wash., 4b£s
5.000 Springfield 4s
6,250 Bourne 4%s
3.000 Franklin 4s
1.000 Gorham, N. H., 4s
10.000 Mansfield 4s
5.400 Mattapoisett 4s
12.000 Nantucket 4s
1.000 Pepperell 4s
2.500 Plymouth 4s
1.000 Saugus 4s
13.000 Ware 4s
20.000 Worthington 4s
3.000 Bethlehem, N. H. (W.D.), 4s
8.400 No. Chelmsford (F. D.) 4)^s
4.500 N. Conway, N. H. (W.D.),4s
9.000 W. & S. Acton (W.D.), 4s

Public Funds, Notes.
Par Value.
$6,000 Lowell 3^s
34,020 Lowell 3)|s
12,541 Lowell 3%s
8.000 Lowell 4s
13,440 Lowell 4J^s
6.000 Lowell 4)4s
500 Hardwick 4s
4.000 Stoughton 4s

Railroad Bonds.
$49,000 Atch., Top. & Santa Fe 4s
40.000 Bangor & Aroostook 5s
•33,000 Beech Creek 4s
10.000 Boston & Albany 4s
10.000 Boston & Albany 5s
50.000 Boston & Lowell 4s
29.000 Boston & Maine 4s
58.000 Boston & Maine 4)^s
25.000 Boston & N. Y. Air Line 4s
2,000 Boston & Providence 4s
100.000 C., B. & Q. 4s
100.000 Chic. & North. 4s
35.000 Chic., R. I. & Pac. 4s
13.000 Concord & Montreal 4s
13.000 Conn. & Pass. Rivers 4s
20.000 Delaware & Hudson 4s
27.000 Fitchburg 4s
25.000 Fitchburg 4Ks

$31,000 Illinois Central 4s
18.000 Louisville & Nashville 4s
5.000 Louisville & Nashville 43^s
10.000 New England 4s
150,000 N. Y „ N. H. & H. 4s
35.000 No. Maine Seaport 5s
1.000 Maine Central 4s
3.000 Old Colony 4s
11.000 Port. & Ogdens. 4^s
10.000 St. Paul, Minn. & Man. 4s
15.000 Wore., Nash. & Roch. 4s
Street Railway Bonds.
$50,000 Boston Elevated 4s
25.000 Boston Elevated 4}4s
102,000 Boston & Northern 4s
27.000 Boston & Lynn 5s
6.000 N. Bedford, Mid. & Brock.5s
40.000 Old Colony 4s
41.000 West End 4s
8.000 West End 4J^s
20.000 Wore. & Southbridge 4Hs
Bank Stocks.
Shs.
473 Second Nl. Bk., Boston
30 Old Lowell Nl. Bk., Lowell
89 Union Nl. Bk., Lowell

Classification of Deposits received during the Year ending October 31, 1914.
Amount,.
No.
No.
Amount.
. 6,649 $545,354
$212,636 23 From women
Of $50 and less
. 10,528
5,448
11
132,395 64 From guardians
1,704
Over $50, not over $100 .
136,250 99 From religious and chariOver $100, not over $200
766
9,323
84
table
corporations
279,458 10
Over $200, not over $500
590
163,306
. 1,434
275
175,271 57 In trust
Over $500, under $1,000
190,000 00
189
Of $1,000 or more
. 8,178 $723,432
Totals
. 14,052 $1,126,012 53
Totals
17 transfers, amounting to $5,787.97, not included in above table.
D a t e s of E x a m in a t io n , February 1 6 -1 8 inclusive.


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

10
54
00
80
44

192

REPORT OF THE

[Pub. Doc.

LUDLOW SAVINGS BANK, LUDLOW.
EAST STREET.
Incorporated February 23, 1888. Number of corporators, 54; number of trustees, 23.
S id n e y S t e v e n s , President.

G e o r g e A. B ir n i e , Treasurer.
F r a n k N. M o o r e , Clerk of the Corporation.

Board of Trustees: G . A. B ir n i e , H. M . B l is s , C . S. B r o w n in g , B. F . B u r r , F . L. B u r r , H. I. C a r v e r ,
W . S. C o l w e l l , E. E. F u l l e r , C . W . G o w e n , G . D . G r e e n , C . P . J o n e s , R o b e r t K y l e , M . H.
L y o n s , F . N. M o o r e , H. W . M o r r il 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 in b y , A l e x ­
a n d e r R u x t o n , J. F . S h e a , S id n e y S t e v e n s , F . W . S t u r g is , F . A . T o w n e .
Board of Investment: S id n e y S t e v e n s , G . D. G r e e n , M . H. L y o n s , E. E. F u l l e r , W . S. C o l w e l l .
Auditing Committee: F. N. M

oore,

C. W . G o w e n , H. W . M o r r il l , C. E. Q u i n 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
256 loans on real estate {average of each, SI ,893.85) .
.
’ .
.
.
11 loans on personal security
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
Total Assets

$72,678
77,907
19,050
11,860
1,100
484,726
16,473
28,320
3,878

56
82
22
00
00
55
68
88
11

$715,995 82

Liabilities.
Due depositors on 2,228 accounts, averaging $308.10 each
{Accounts opened during year, 517; closed, 595; decrease, 78)
Surplus: —
a. Guaranty fund (2.37% of deposits; increase during year, $1,767.23) .
b. Profit and loss {increase during year, $4,315.76)
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
:

Total Liabilities

.

.

.

$686,554 95
16,241 23
12,653 02
760 84
214 22
----------.

.

546 62
$715,995 82

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$915.13
$1,125.00
$209.00
$5.00
$538.11
$2,792.24
Cost per $1,000 of assets
1.28
1.57
.29
.01
.75
3 .90
Cost per $1,000 of assets not including State tax and rent .
2.33
Gross income received during the year, $34,192.96.


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

No. 8.]

BANK COMMISSIONER.

193

Rates on Investments and Loans (Average on All, 4.95%).
Real estate loans (average rate, 5.18 per cent.): 5%, $366,268.55; 5J^%, $64,467.50; 6%, $53,990.50.
Personal loans (average rate, 5.93 per cent.): 5%, $1,073.68; 6%, $15,400.
Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.):
$60,000; 4% , $50,000:
5%, $74,100.
Number of loans not over $3,000 each, 205, amounting to $233,726.55.
28 real estate loans made during year, amounting to $81,125.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 3,465, amounting to

$12,923 57
13,072 09
193,154 74

Number of withdrawal during year, 2,410, amounting to

$219,150 40
217,150 62

Net increase in amount due depositors

.

.

.

.

.

.

.

.

$1,999 78

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
11,000 Athol 4s
6,000 Clinton 4s

Public Funds, Notes.
$45,000 Ludlow 5s

Railroad Bonds.
$5,000 Boston & Albany 4s
5.000 Boston & N. Y. Air L. 4s
5.000 C., B. & Q. 3J^s
5.000 Chic., Mil. & St. P. 3Jis
10.000 Fitchburg 3p£s
15.000 Illinois Central 3}^s
15.000 N. Y. C. & H. R. 3J^s
5.000 N. Y „ N. H. & H. 3V2s
10.000 No. Maine Seaport 5s
5.000 Washington Co. 3j^s

Street Railway Bonds.
Par Value.
$6,100 Holyoke 5s
2,000 Lynn & Boston 5s
10,000 West End 5s

Bank Stocks.
Shs.
10 City Nl. Bk., Holyoke

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 2,248
641
.
395
.
110
30
15

Amount.
$33,543 84
38,833 42
45,027 38
28,097 09
19,603 06
15,000 00

. 3,439

180,104 79

No.
From women
1,258
From guardians
4
From religious and charitable corporations .
54
In trust .
.
.
.
49
Totals

Totals
26

transfers, amounting to $13,049.95, not included in above table.
D a t e s of E x a m in a t io n , April 30, M ay 1.


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

1,365

Amount.
$56,101 85
225 00
3,194 57
1,360 87
$60,882 29

194

REPORT OF THE

[Pub. Doc.

LYNN FIVE CENTS SAVINGS BANK, LYNN.
112 M AR KET STREET.
Incorporated M ay 15, 1855.
R o l l in

E . H arm on,

Number of corporators, 70; number of trustees, 26.

President.
Sa m u e l

H enry E . N ew hall,
H . H o l l is ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: F . P. A 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 , C . B . B r e e d , H. W . B r e e d ,
M . P. C l o u g h , J . F . E d s o n , 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 , S. H . H o l l i s , W . G . K e e n e , T . A . K e l l e y , J. W . K i m b a l l , H . E .
N e w h a l l , H . W . 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 , C . E . R o l f e , C . S.
S a n b o r n , H . F. T a p l e y , J o h n W o o d b u r y .
Board of Investment:

R . E . H a r m o n , J . S. N e w h a l l , S . J . H o l l is ,

Auditing Committee: H.

W . B r e e d , S.

H.

H o l l is ,

F.

H. F.

T apley, John W oodbury.

S. P e v e a r , H . W . N e w h a l l , J.

F.

E dson .

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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds .
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
.
840 loans on real estate (average of each, $2,827.21) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.

.
.
.

.

.
$2,4

$1,405,367
1,034,655
548,822
129,098
1,405
10,000

43
26
31
75
00
00

2,374,858
1,545,325
34,639
2,109
65
43,251
20,628

74
00
79
70
05
39
11

8Î
07

65 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed value, $4-8,000)
Taxes, insurance, etc., paid on mortgaged properties,
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
Total Assets

$7,150,226 53

Liabilities.
Due depositors on 28,322 accounts, averaging $226.41 each
(Accounts opened during year, 4<389; closed, 5,518; decrease, 1,17If)
Surplus: -—
a. Guaranty fund (5.12% of deposits; increase during year, none)
b. Profit and loss (increase during year, $141.35)
Current income: —
а. Interest .
.
.
.
.
.
.
$91,915 54
б. Rent
.
.....................................................
136 85
Less current expenses not charged off
Real estate acquired by foreclosure
.
Interest on mortgages held as collateral .

.

.

.
.

.

.

.

.

$6,412,289 43
328,300 00
325,537 06

$92,052 39
8,045 33

.
.

Total Liabilities

.
.

84,007 06
32 48
60 50
$7,150,226 53

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$14,903.42 $17,193.96 $2,093.00
$5,955.36 $40,145.74
Cost per $1,000 of assets
2 .08
2 .40
. 29
—
.83
5 .60
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.23
Gross income received during the year, $342,241.64.
Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.38 per cen t.): 5%, $800,995.46; 5J^%, $1,332,062.39; 6%, $241,800.89.
Personal leans (average rate, 5.63 per cent.): 4j^% , $490,000; 4;^%, $135,000;
$82,000; 5%,
$156,125; 5 ^ % , $146,600; 5 % % , $25,000; 6%, $114,600; 6% % , $25,000; 6M % , $18,000; 7%,
$10,000; 7}4% , $64,000; 8%, $279,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3%, $20,000; 3)^% , $668,800;
3M%> $39,000; 4%, $1,590,234.81; 4^% > $12,000; 4J^%, $500,000; 5%, $359,900; 6%, $11,800.
Number of loans not over $3,000 each, 651, amounting to $899,676.81.
117 real estate loans made during year, amounting to $317,545.


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

No. 8.

BANK COMMISSIONER.

195

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Extra dividend declared during year,
July, 1914, 1%
Number of deposits during year, 40,482, amounting to
Number of withdrawals during year, 36,881, amounting to

.

.

.

$121,126
121,590
60,804
1,342,255

73
26
58
55

$1,645,777 12
1,754,854 89

.

Net decrease in amount due depositors

$109,077 77

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$161,000 Massachusetts 3}4a
7.000 Massachusetts 4s
36.000 Alleghany, Pa., 4s
43,800 Attleborough 4s
15.000 Boston 3J^s
125,000 Boston 4s
43.000 Cambridge 4s
12.000 Chelsea 3J^s
32.000 Chelsea 4s
16.000 Chicopee 4s
16.000 Everett 4s
20.000 Fall River 3Jdis
5.000 Fall River 4s
4.000 Gloucester 4s
5.000 Holyoke 3J^s
30.000 Holyoke 4s
15.000 Los Angeles, Cal., 4}^s
3.000 Lynn 3^s
17.000 Lynn 4s
7.000 Malden 4s
6.000 Melrose 4s
43.000 New Bedford 4s
3.000 Newton 4s
10.000 Norwich, Conn., 3}4a
5.000 Oakland, Cal., 4J^s
23.000 Omaha, Neb., 4J^s
3.000 Quincy 4s
10.000 Saginaw, Mich., 4s
10.000 San Francisco, Cal., 5s
25.000 Sioux City, Iowa, 4J£s
3.000 South Bend., Ind., 4s
8.000 Springfield 3^s
42.000 Superior, Wis., 4J^s
10.000 Taunton 4s
10.000 Troy, N. Y., 4s
5.000 Woonsocket, R. I., 4}4a
5.000 Youngstown, O., 5s
2.000 Ashland 4s
10.000 Amesbury 4s
45.000 Danvers 4s
26.000 Deerfield 4s
15,750 Greenfield 4s
33,600 Holbrook 4s
20.000 Hyde Park 4s
7,850 Longmeadow 4s
6.000 Marshfield 4s
2.000 Maynard 4s
5.000 Middleborough 4s
8.000 Peabody 4s
1,800 Plymouth 3^s

Par Value.
$20,000 Revere 4s
3,600 Russell 4s
5.000 Reading 4s
14,500 Sc. Hadley 4s
10,200 Tisbury 4s
9,225 Watertown 4s
5.000 Wellesley 4s
20.000 Westfield 4s
4.000 Whitman 4s
25.000 Augusta, Me. (W. D.) 4s
8.000 Blandford (F. D.) 4s
14,400 Hadley (W. D.) 4s
30.000 Kennebec, Me. (W. D.) 3J^s
25.000 Kittery, Me. (W. D.) 5s
2.000 So. Hadley (W. D.) 4s
25.000 W. Groton (W. D.) 4s

$2,000 Boston & N. Y. Air Line 4s
13.000 Boston, R. B. & Lynn 4}4s
2,800 Burl. & Missouri Riv. 6s
90.000 C„ B. & Q. sy2s
21.000 C., B. & Q. 4s
6.000 Chic., Mil. & St. Paul 4J^s
10.000 Chic. & Northwest. 4s
20.000 Chic. & Northwest. 5s
9.000 Chic. & Northwest. 6s
5.000 Chic., R. I. & Pac. 4s
3.000 Connecticut River 3J^s
8.000 Concord & Montreal 4s
63.000 Fitchburg 4s
1.000 Fitchburg 5s
5.000 Great Northern 4J£s
20.000 Illinois Central 3s
50.000 Illinois Central 33^s
24.000 Illinois Central 4s
25.000 Louisville & Nashville 4s
5.000 Maine Central 5s
25.000 Michigan Central 4s
20.000 N. Y. C. & H. R. 33^s
86.000 N. Y., N. H. & H. 3Hs
144,000 N. Y., N. H. & H. 4s
1.000 Northern Pacific 4}ia
1.000 Ports., Gt. Falls & Con. 4h£s
5.000 Portland & Ogdensburg 4Ms
19.000 Upper Coos 4s
20.000 Vermont Valley 4Jdis

Public Funds, Notes.
$5,000 Plymouth Co. 4s
5.000 Plymouth Co. 4^s
3.000 Chicopee 4s
12.000 Chicopee 4)4a
21.000 Barnstable 4s
7.000 Billerica 4 l/ia
10.000 Brookfield 4s
4.000 Canton 4s
12.000 Easthampton 3Ms
2.000 East Longmeadow 3%s
3.500 Hull 4s
3.000 Merrimhck 4s
10.000 Ipswich 4s
2.500 Norwood 4s
18.000 Revere 4s
3.000 Salisbury 4s
25.000 Swampscott 3%a
9,409 Winthrop 4s
18,900 Walpole 4s
3.000 Ware 4s
Railroad Bonds.
$17,000 Aroostook Northern 5s
47.000 Atch., Top. & Santa Fe 4s
103.000 Bangor & Aroostook 5s
149.000 Baltimore & Ohio 33^s
5.000 Boston & Albany 4s
12.000 Boston & Albany 5s
25.000 Boston & Lowell 4s
5.000 Boston & Maine 3J^s
13.000 Boston & Maine 4s
4.000 Boston & Maine 4%a

Street Railway Bonds.
$10,000 Boston Elevated 4s
276,000 Boston Elevated 4)4a
16.000 Boston Elevated 5s
28.000 Boston & Northern 4s
31,500 Holyoke St. Ry. 5s
5.000 Lowell, Law. & Hav. 5s
78.000 Lynn & Boston 5s
2.000 Marlboro & Westboro 5s
2.000 N. Bedford, Mid. & Brock.5s
5.000 Wakefield & Stoneham 5s
45.000 West End 4s
42.000 West End 4J£s
8.000 West End 5s
3.000 Western Mass. 5s
Bank Stocks.
Shs.
14 Boylston Nl. Bk., Boston
2 State Nl. Bk., Boston

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more .
Totals

No.
35,534
2,533
931
551
138
48

Amount.
$472,059 72
200,065 45
142,094 74
185,212 39
98,224 81
48,000 00

No.
From women .
18,532
From guardians
24
From religious and charitable corporations
84
741
In trust .
.
.
.
Totals

. 39,735 $1,145,657 11

747 transfers, amounting to $196,598.44, not included in above table.
D ates

op

E x a m in a t io n ,


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

October 7-14 inclusive.

19,381

Amount.
$531,637 25
1,869 00
1,826 15
31,772 48
$567,104 88

[Pub. Doc,

REPORT OF TH E

196

LYNN INSTITUTION FOR SAVINGS, LYNN.
25 EXCHANGE STREET.
Incorporated June 20, 1826.
C harles

S . P u r in t o n ,

Number of corporators, 50; number of trustees, 30.

President.
J oseph

F r e d e r ic k
D . A . H ealey,

L . B u b ie r ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: J. M .

B a r r y , J . S . B a r t l e t t , C. N. B r e e d , G. H . B r e e d , G. W
B r e e d , F . L . B u b ie r , H . P . B u r r il l , C . A . C o l l in s , W . C . F is h , J . F . H a n n a n ,
J. D . A . H e a l e y , Je r o m e In g a lls, B . N . J o h n so n , W . W . J o h n so n , F . W .
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 . W .
P u r i n t o n , B . F . S p i n n e y , F . C. S p i n n e y , G. E . S p r a g u e , H . B . S p r a g u e , F . A

. B r e e d , W . M.
C . H . H a s t in g s ,
K im b a l l , C . I .
P in k h a m , C . S.
. W i l s o n , C. G.

WOODBRIDGE.

* Board of Investment: C. S.
Auditing Committee:

P u r in t o n , B .

F.

S p in n e y .

C . A . C o l l in s , W . M . B r e e d , B . F . P e a c h .

Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay­
able M ay 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
1,007 loans on real estate (average of each, $3,257.74)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.
. . .
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.

.
.
.
.
.
.
.
.
.
.
.
.
$3,285,580 00
5,033 00

84 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $60,000; assessed value, $41,000)
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.

$725,100
1,913,278
228,550
80,000
146,830
100,300

00
25
00
00
00
00

3,280,547
1,844,260
40,000
594
139,458
81,947

00
00
00
35
84
79

. $8,580,866 23

Total Assets

Liabilities.
Due depositors on 19,105 accounts, averaging $403.53 each
{Accounts opened during year, 2,834; closed, 2,129; increase, 70S)
Surplus: —
a. Guaranty fund (5% ° f deposits; increase during year, $19,473)
b. Profit and loss {increase during year, $25,287.71) .
Reserved for dividend .
.
.
.
.
.
.
.
.
Total Liabilities

.

.

$7,709,469 66
385,473 00
340,123 57
145,800 00
.

.

.

$8,580,866 23

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$16,847.65 $14,245.50 $2,500.00 $1,160.94
$3,543.25
$38,297.34
Cost per $1,000 of assets
1.96
1.66
.29
.13
.41
4 .45
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .20
Gross income received during the year, $396,639.89.


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

* One vacancy caused b y death.

No. 8.]

BANK COMMISSIONER.

197

Rates on Investments and Loans (Average on All, 4.88%).
Beal estate loans (average rate, 5.12 per cent.): 4 M%> $45,500; 4J^%, $136,450; 5%, $2,179,367:
5}4% , $826,164; 6%, $93,066.
Personal loans (average rate, 4.87 per cen t.): 4J^%, $500,000; 4J^%, $635,950; 4J^%, $50,000; 4M % ,
$172,900; 5%, $7,525; 53^%, $81,300;_ 6%, $251,335; 6)^% , $145,250.
Bonds, stocks, etc. (average rate on amounts invested, 4.64 per cent.): 3J^%, $658,800; 3.60%, $6,500;
4%, $1,173,000; 4M % . $25,000; 4}4% , $445,500; 5%, $361,000; 6%, $362,800; 7%, $113,000;
8%, $52,800; 10%, $40,000; 12%, $7,500.
Number of loans not over $3,000 each, 722, amounting to $1,238,186.
98 real estate loans made during year, amounting to $259,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914,2%
Number of deposits during year, 25,703, amounting to

$139,034 24
142,800 16
1,516,244 22

Number of withdrawals during year, 23,321, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.
.

$1,798,078 62
1,437,661 47
$360,417 15

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$32,000 Boston & Albany 4s
65.000 Boston & Albany 5s
30.000 Boston & Maine 4s
48.000 Boston & Maine 4)^s
20.000 Boston & Providence 4s
18,800 Burl. & Mo. Riv. 6s
10.000 Cedar R. & Mo. R. 7s
10.000 Centra! of N. J. 5s
153.000 C., B. & Q. 4s
50.000 Chic., Mil. & St. Paul 4}^s
28.000 Chic., Mil. & St. Paul 6s
55.000 Chic. & Northw. 3}^s
20.000 Chic. & Northw. 4s
45.000 Chic., St. P., M. & O. 6s
15.000 Cleveland & Pitts. 4p2S
35.000 Concord & Montreal 4s
25.000 Erie & Pittsburgh 3p^s
10.000 Fargo & Southern 6s
5,000 Fitchburg 4s
115.000 Fre., Elk. & Mo. V. 6s
25.000 Holyoke & Westfield 4J4s
25.000 Housatomc 5s
15.000 Illinois Central 4s
25.000 Kal., Aile. & Gr. R. 5s
32.000 Louisville & Nashville 5s
15.000 Louisville & Nashville 6s
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

$200,000 Massachusetts 3Hs
110,000 Boston 4s
9.000 Brockton 4s
50.000 Chicago, 111., 4s
35.000 Cleveland, 0., 4)^s
25.000 Duluth, Minn., 4p£s
61.000 Fall River 4s
14.000 Gloucester 4s
41.000 Lynn 4s
15.000 Middletown, Ct., 3J^s
4.000 Newton 4s
50.000 Omaha, Neb., 4J^s
15.000 Oshkosh, Wis., 4)^s
8.000 Racine, Wis., 4s
15.000 Clinton 4s
25.000 Cumberland, R. I., 4s
23.000 Medway 4s
12.000 Revere 4s
Public Funds, Notes.
$1,000 Saugus 4s
13,800 Swampscott 3^s
6,500 Swampscott 3.60%
Railroad Bonds.
$100,000 Baltimore & Ohio 3)^8
29.000 Bangor & Aroostook 5s
70.000 Boston & Albany 3bás

^ 1 ) 0 0 N. Y., N. H. & H. 3^s
125,000 N. Y., N. H. & H. 4s
50.000 Northern Pacific 4)^s
77.000 Northwestern Union 7s
25.000 Peoria & Northw. 3J^s
50.000 Port. & Ogdens. 4}^s
22,500 Ports., Gt. Falls & C. 4J^s
10.000 St. J. & L. C. 5s
36.000 St. P., Minn. & Man. 4s
42.000 St. P., Minn. & Man. 6s
15.000 Troy & Boston 7s
11.000 Winona & St. Peters 7s

Street Railway Bonds.
$50,000 Boston Elevated 4s
85.000 Boston Elevated 43^s
20.000 Boston & Northern 4s
50.000 West End 4s
25.000 West End 5s
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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

No.
20,400
2,283
929
820
274
208

Amount.
$337,171 32
180,985 57
142,506 01
293,381 79
199,768 33
217,711 74

No.
From women .
12,036
From guardians
41
From religious and charitable corporations
231
From labor unions .
36
In trust .
.
.
.
376

24,914 $1,371,524 76

Totals

789 transfers, amounting to $144,719.46, not included in above table.
D a t e s o f E x a m in a t io n a n d A u d it ,


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

October 19-27

in c lu s iv e .

12,720

Amount.
$698,193 40
6,994 32
19,437 71
1,845 12
37,769 64
$764,240 19

[Pub. Doc.

RE PO R T OF THE

198

MALDEN SAVINGS BANK, MALDEN.
48 PLEASANT STREET.
Incorporated April 2, 1860.

Number of corporators, 55; number of trustees, 16.

E rskine F. B ickford , President.
F rancis A . Shove , Treasurer.
C hester N . C a r ver , Clerk of the Corporation.
Board of Trustees: E. F. B ickford , J. G. C handler , A . J. C h a se , G. H. C h ase , H erbert D amon ,
G. H. G ra ves , J. P. H olden , E. P. K im ball , W . E. P ip e r , R . R. R obinson , F. M . Saw tell ,
F. A . Shove , E. J. Stevens , E dw in T roland , A. W . W a l k e r , J oseph W iggin .
Board of Investment: A . J. C hase , J. P. H olden , F. A. Shove , E . J. Stevens , J oseph W iggin .
Auditing Committee: E. F. B ickford , J. P. H olden , E. P. K imball .
Deposits draw interest from second W ednesday 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 only, 7 to 8.30 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
Stocks of banks and trust companies
1,671 loans on real estate (average of each, $2,530.37)
Less amount due on uncompleted loans .

$1,337,129
824,630
333,151
25,000
68,975
22,500

00
00
00
00
00
00

4,228,252
1,063,379
65,521
2,789

50
50
85
07

$4,233,227 50
4,975 00

48 loans on personal security
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

. $7,971,327 92

Total Assets
Liabilities.
Due depositors on 20,372 accounts, averaging $359.27 each
.
.
.
{Accounts opened during year, 2,728; closed, 2,4-86; increase, 242)
Surplus: —
a. Guaranty fund {4.48% of deposits: increase during year, $36,000)
b. Profit and loss {increase during year, $27,164-98) .
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

$7,319,031 59

.

.

328,000 00
315,072 54

$10,925 42
1,701 63
9,223 79

Total Liabilities

.

.

.

.

.

$7,971,327 92

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$11,339.59 $13,319.66
$2,144.99
$503.07
$3,028.86 $30,336.17
Cost per $1,000 of assets
1.42
1.67
.27
.06
.38
3 .8 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.11
Gross income received during the year, $381,940.77.

Rates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5.23 per cent.): 434%, $50,000; 434%, $55,300; 4 M%> $60,000; 5% ,
$2,620,292.50; 534%, $1,800; 534%, $764,725; 6%, $676,135.
Personal loans (average rate, 4.87 per cent.): 4%, $50,000; 434%, $25,000; 4M % i $167,000; 434%.
$70,000; 434%, $186,279.50; 4% % , $25,000; 4 % % , $91,000; 5%, $144,800; 534%, $50,000; 534%,
$101,200; 5J4%, $78,500; 6%, $49,600; 7 % 0%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3%, $14,000; 334%, $498,000;
3 % % , $25,000; 4%, $1,468,960; 434%, $48,000; 434%, $342,620; 4 % % . $21,000; 5%, $215,000;
7%, $1,500; 8%, $2,500; 10%, $3,700; 14%, $7,000; 16%, $6,800.
Number of loans not over $3,000 each, 1,328, amounting to $2,226,462.50.
178 real estate loans made during year, amounting to $457,645.


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

BANK COMMISSIONER

No. 8.

199

Dividends, Deposits and Withdrawals.
$136,630 40
139,090 09
1,268,805 80

Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 29,212, amounting to

$1,544,526 29
1,357,467 17

Number of withdrawals during year, 22,465, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

$187,059 12

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 3J^s
20.000 Essex Co. 4s
20.000 Hampden Co. 4s
10.000 Akron, 0., 5s
16.000 Beverly 4s
67.000 Boston 4s
8.000 Boston 4J4s
7.000 Brockton 4s
17,750 Brockton 4As
16.000 Cambridge 4s
20.000 Dayton, 0., 5s
10.000 Dubuque, la., 4s
25.000 Duluth, Minn., 4As
6.000 Eastport, Me., 4s
8,820 Everett 43^s
43.500 Fall River 4s
26.000 Fitchburg 4s
14.000 Grand Rapids, Mich., 4As
15.000 Hartford, Conn., 4A s
14.000 Holyoke 4s
28.000 Lawrence 4s
45,460 Lowell 4s
5,550 Lowell 4A&
14.000 Lynn 4s
15.000 Lynn 4As
44.000 Malden 3A&
46,800 Malden 4s
10.000 Marlborough 4s
17.000 Melrose 4s
5.000 Milwaukee, Wis., 4As
35.000 Minneapolis, Minn., 4s
10.000 New Bedford 4s
15.000 New Haven, Conn., 4s
12.000 New London, Conn., 4s
27.000 Newport, R. I., 4s
10.000 Newton 4s
25.000 Oshkosh, Wis., 4J^s
10.000 Pittsburgh, Pa., 4s
9.000 Pittsfield 4As
10.000 Quincy 3p2S
12.000 Quincy 4s
7.000 Saginaw, Mich., 4s
2.000 Somerville 4s
20.000 Toledo, 0., 4j4a
15.000 Troy, N. Y., 4s
1.000 Troy, N. Y., 4A&
4.000 Waltham 4s
10.000 Waterbury, Conn., 4s
20.000 Woonsocket, R. I., 4J^s
40.000 Worcester 3A&
1.000 Andover 4s
25.500 Bourne 4s

»T.OOOourne 4Ms
.8,400 Clinton 4s
10.000 Franklin 4s
13.000 Greenfield 4As
2.000 Ipswich 4s
2.000 Leominster 4s
4.000 Longmeadow 4s
15.000 Meriden, Conn., 4s
7.000 Methuen 4s
10.000 Old Orchard, Me., 4s
• 9,000 Orange 4s
18.000 Plymouth 4s
12.000 Revere 3J^s
20,200 Revere 4s
8.000 Rockport 4s
4.000 Saugus 4s
4,500 Saugus 4J^s
7.000 Sharon 4s
2.000 Stoughton 4s
8.000 Wakefield 4b£s
25.000 Winthrop 3A s
10.000 Wrentham 4s
5.000 Augusta, Me. (W. D.), 4s
Public Funds, Notes.
$8,000 Everett 4s
10.000 Avon 3J^s
4.000 Brewster 4s
6.000 Concord 4s
35.000 Easthampton 4s
10.000 Essex 3A,s
35,700 Hull 4s
7.000 Ipswich 4s
1.000 Oak Bluffs 4s
7.000 Provincetown 4s
10.000 Revere 3J^s
4.000 Salisbury 4s
5.000 Saugus 4A&
8,400 Ware 4s
Railroad Bonds.
$25,000 Baltimore & Ohio 3J^s
15.000 Bangor & Aroostook 5s
75.000 Boston & Albany 4s
25.000 Boston & Albany 5s
5,000 Boston & Lowell 3A&
50.000 Boston & Lowell 4s
14.000 Boston & Maine 3s
23.000 Boston & Maine 4s
20.000 Boston & Maine 4A&
10.000 Boston, R. B. & Lynn 4}/>s

Par Value.
$12,000 Boyer Valley 3As
50.000 C., B. & Q. 33^s
10.000 C., B. & Q. 4s
25.000 Chic., Mil. & St. Paul 5s
25.000 Chicago & Northw. 4s
30.000 Concord & Montreal 4s
2.000 Connecticut River 4s
15.000 Danbury & Norwalk 4s
24.000 Fitchburg 3A&
24.000 Fitchburg 4s
25.000 Great Northern 4A&
31.000 Illinois Central 33^s
20.000 Illinois Central 4s
15.000 Michigan Central 3As
60.000 N. Y. C. & H. R. 3V2s
50.000 N. Y „ N. H. & H. 3As
30.000 N. Y., N. H. & H. 4s
15.000 Old Colony 3 A S
35.000 Old Colony 4s
5.000 Peterboro & Hills. 4A s
25.000 Portland & Ogdens. 4As
15.000 St. Paul, Minn. & Man. 4A&
20.000 Vermont Valley 4A&
25.000 Wore., Nash. & Roch. 4s
Street Railway Bonds.
$25,000 Boston Elevated 4s
25.000 Boston & Northern 4s
11.000 East Middlesex 4s
5.000 Holyoke 5s
20.000 Leom., Shirley & Ayer 5s
9.000 Low., Law. & Haverhill 5s
50.000 Lynn & Boston 5s
25.000 Old Colony 4s
10.000 Springfield 4s
74.000 West End 4s
21.000 West End 4As
35.000 West End 5s
30.000 Worcester Con. 4A$
Bank Stocks.
Shs.
70 First Nl. Bk., Boston
15 Fourth-Atlantic Nl. Bk., Boston
32 Merchants Nl. Bk., Boston
5 Nl. Rockland Bk., Boston
25 Nl. Shawmut Bk., Boston
10 Old Boston Nl. Bk., Boston
13 Nl. Bk. of Commerce, Boston
68 First Nl. Bk., Malden

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more .
Totals

.
.
.
.

No.
24,594
2,633
962
671
191
161

Amount.
$382,442 36
206,806 17
144,507 18
235,143 36
133,630 68
166,276 05

29,212 $1,268,805 80

No.
From women .
14,434
From guardians
49
From religious and charitable corporations
288
From labor unions .
7
In trust .
.
.
.
2,237
Totals

D ates op E xamination, February 26-M arch 2 inclusive.


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

17,015

Amount.
$662,257 84
10,898 20
28,024 51
493 00
40,017 03
$741,690 58

200

[Pub. Doc.

REPO RT OF THE

MARBLEHEAD SAVINGS BANK, MARBLEHEAD.
154 W ASHINGTON STREET.
Incorporated March 18, 1871.

Number of corporators, 67; number of trustees, 20.

W illiam F. N utting, Treasurer.
John L. G ilbert, President.
John G. B roughton, Clerk of the Corporation.
Board of Trustees: R . C. B ridge, J. G. B roughton, W . A . B rown, F rank C ole, F. E . C only, J.
L. G ilbert, F. P. Hammond, W . L. H ooper, W . B. M erritt, Jr., W . F. N utting, E verett
Paine , J. D . P aine , T . W . Paine , L. H. P hillips, G irdlSr Stacey, J. D . Sullivan , H. S.
Swetland, E . D . T utt, R ichard T utt, J. S. W ormstead.
Board of Investment: J. L. G ilbert, E verett P aine , W . L. H ooper, F. P. Hammond, W . A . B rown.
Auditing Committee: J. L. G ilbert, J. D. Sullivan , J. G. B roughton.
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: 8.30 a .m. to 1 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
125 loans on real estate (average of each, $232.74)
Less amount due on uncompleted loans .

75
25
80
00
00
00

290,933
93,950
17,288
4,955

00
00
76
18

$291,633 00
700 00

8 loans on personal security .
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

$117,265
21,821
33,370
5,460
3,800
6,000

.

.

.

.

.

$594,844 74

Liabilities.
Due depositors on 1,862 accounts, averaging $294.99 each
(.Accounts opened during year, 209; closed, 148; increase, 61)
Surplus: —
a. Guaranty fund (3.92% of deposits; increase during year, $1,319.75) .
b. Profit and loss (increase during year, $12,613.75) .
.
.
.
Total Liabilities

.

.

.

$549,276 45
21,534 31
24,033 98
.

.

$594,844 74

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
$335.67
$2,122.26
Amount paid for
$609.44
$979.15
$100.00
$98.00
.56
3 .5 5
Cost per $1,000 of assets
1.02
1.64
.17
.16
2.36
Cost per $1,000 of assets not including State tax and rent .

Gross income received during the year, $25,565.17.


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

201

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.94%).
Real estate loans (average rate, 5.10
Personal loans (average rate, 5.41
$10,000; 6%, $49,950.
Bonds, stocks, etc. (average rate on
4 14%, $22,000; 5%, $34,000;

per cent.): 4%, $3,500; 5%, $252,275; 5J^%, $3,700; 6%, $31,458
per cent.): 4M % , $15,000; 4J^%, $10,000; 5%, $9,000; 5J^%,
amounts invested, 4.44 per cent.): 3J^%, $10,000; 4% , $113,000;
5j4% , $10,000; 6%, $3,800.

Number of loans not over $3,000 each, 113, amounting to $157,233.
28 real estate loans made during year, amounting to $42,925.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 1,477, amounting to

$9,599 22
10,138 10
107,097 72

Number of withdrawals during year, 1,107, amounting to

$126,835 04
74,319 26

N et increase in amount due depositors

$52,515 78

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Boston 4s
15.000 Fall River 4s
10.000 Holyoke 4J^s
5.000 Lowell
12.000 Marlborough 4s
6.000 Quincy 4s
13.000 Attleborough 4s
9.000 Lincoln 4s
3.000 Marblehead 4s
12.000 Shelburne Falls 4s
10.000 Stoughton 4s

Public Funds, Notes.
Par Value.
$10,000 Lowell 5}^s

Railroad Bonds.
$3,000 Boston & Maine 4s
5.000 C., B. & Q. 3Hs
5.000 Fitchburg 5s
5.000 Upper Coos 4s
5.000 Upper Coos 4J^s

Street Railway Bonds,
$7,000 Boston Elevated 4b£s
5.000 Boston & Northern 4s
12,000 Lowell, Law. & Hav. 5s
5.000 Lynn & Boston 5s
4.000 West End 4s
Bank Stocks.
Shs.
20 Mt. Vernon Nl. Bk., Boston
54 Marblehead Nl. Bk.
38 Nl. Grand Bk., Marblehead

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,100
168
100
70
12
22

Amount.
$16,168 14
13,260 29
15,857 66
29,563 82
8,022 00
22,000 00

From women
.
From guardians
From religious and charitable corporations
In trust .
T otals

Totals

.

1,472

.

$104,871 91

5 transfers, amounting to $2,225.81, not included ii above table.

D ates oe E xamination and A udit, March 30-A pril 3 inclusive.


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

.

No.
646
6

Amount.
$45,550 77
25 50

37
20

3,759 98
2,238 50

709

$51,574 75

202

[Pub. Doc.

REPO RT OF THE

MARLBOROUGH SAVINGS BANK, MARLBOROUGH.
32 MECHANIC STREET.
Incorporated April 3, 1860.

Number of corporators, 62; number of trustees, 20.

C harles F. R obinson, President.
Charles F. H olyoke, Treasurer.
H erbert M . H azelton, Clerk of the Corporation.
Board of Trustees: W. A. A llen, A medee B eauregard, G. F. B ond, M ichael B urke , J. F. C osgrove,
C. W . C urtis, J. A. C urtis, C. B. E ager , W . B. Fay , J. A. F rye , W . P. F rye , B. F. G reeley,
H. M . Hazelton, C. F. H olyoke, L. P. H owe, E . I. M orse, W. B. M orse, C. F. R obinson,
C. T . W arner , W. M . W arren .
Board of Investment: C. F. R obinson, B. F. G reeley , W. P. F rye , W. B. M orse, C. W. C urtis.
Auditing Committee: E. I. M orse, H. M . Hazelton, C. B. 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, 1914.
Assets.
$377,800
742,337
157,762
75,000
61,070
142,098
10,555
1,453,900
151,000
34,500
18,199
489
36,422
5,132

Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
512 loans on real estate (average of each, $3,839.65)
.
.
.
.
.
21 loans on personal security
.
.
. '
.
Bank building and fixtures (estimated value, $37,500; assessed value, $36,395)
Real estate by foreclosure, etc. (assessed value, $30,510) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

00
50
50
00
00
92
48
33
00
00
78
72
04
90

$3,266,269 17

Liabilities.
Due depositors on 8,862 accounts, averaging $343.36 each
.
.
.
. . .
$3,042,859 95
{Accounts opened during year, 1,17.0; dosed, 894; increase, 276)
Surplus: —
a. Guaranty fund {5.11% of deposits; increase during year, $7,647.56) .
.
.
155,371 16
b. Profit and loss {increase during year, $5,616.80)
.
.
.
.
.
.
44,727 74
Current incom e: —
a. Interest .
.
.
.
.
.
.
$26,196 13
b. Rent
.
.
.
.
.
.
.
1,187 00
— ——
--------$27,383 13
Less current expenses not charged off
.
.
$3,853 50
Less State or local taxes not charged off .
.
807 97
----------------------4,661 47
----------------------22,721 66
Suspense account
.
.
.
.
.
.
.
.
.
.
.
.
588 66
Total Liabilities

.

.

.

.

.

$3,266,269 17

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$5,579.19 $6,315.00 $1,800.00
$58.90
$1,609.00
$15,362.09
Cost per $1,000 of assets
1.71
1.93
.55
.02
.49
4 .7 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
2.44
Gross income received during the year, $145,584.79.


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

No. 8.]

BANK COMMISSIONER

203

Rates on Investments and Loans (Average on All, 4.66%).
Real estate loans (average rate, 5.06 per cent.): 4%, $104,000; 4J^%, $250,750; 4 % % , $14,500; 5%,
$713,800.63; 5J^%, $103,855.70; 6%, $266,994.
Personal loans (average rate, 4.96 per cent.); 4 % % , $48,000; 5%, $92,450; 5)-^%, $10,000; 6%, $550.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3%, $10,000; 3J^%, $274,000;
3% % , $23,000; 4%, $855,000; 4)^% , $118,800; 5%, $158,700; 6%, $20,700; 7%, $1,200; 8% ,
$56,800; 10%, $11,500; 12%, $12,300.
Number of loans not over $3,000 each, 419, amounting to $480,348.
54 real estate loans made during year, amounting to $146,386.63.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 8,500, amounting to

$56,927 06
58,501 91
494,507 01

Number of withdrawals during year, 6,474, amounting to

$609,935 98
520,799 42

Net increase in amount due depositors

.

.

.

.

.

.

.

.

$89,136 56

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Boston 4s
15.000 Brockton 4s
10.000 Chelsea 4s
10.000 Chicago, 111., 4s
25.000 Fall River 4s
20.000 Fitchburg 4s
7.000 Lewiston, Me., 5s
25.000 Los Angeles, Cal., 4p^s
5.000 Malden 4s
10.000 Melrose 4s
10.000 New Bedford 4s
2.000 Quincy 4s
25.000 San Francisco, Cal., 5s
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
7.000 Weymouth 4s
10.000 Br. & Tops., Me. (W. D.), 4s
5 .0 0 0 Great Barrington (F. D.), 4 s

Public Funds, Notes.
$23,000 Hudson 3J^s
10,800 Marlborough 4)^s
4,000 Plymouth 3)^s

Railroad Bonds.
Par Value.
$14,000 Bangor & Aroostook 5s
20.000 Boston & Albany 3}4s
35.000 Boston & Albany 4s
15.000 Boston & Albany 5s
20.000 Boston & Lowell 4}^s
15.000 Boston & Maine 3)^s
47.000 Boston & Maine 4s
40.000 Boston & N. Y. Air L. 4s
5.000 Boston & Providence 4s
50.000 C., B. & Q. 3V2s
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 3p^s
20.000 Fitchburg 4s
10.000 Illinois Central 3s
35.000 Illinois Central 3Ks
30.000 Illinois Central 4s
10.000 Louisville & Nashville 4s
5.000 Louisville & Nashville 4J^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 3J^s
45.000 Old Colony 4s
5.000 Penobscot Shore Line 4s
25.000 Peoria & Northw. 3J^s
30.000 Pitts. Vir. & C. 4s
15.000 Port. & Ogdens. 4%s

$10,000 Vermont Valley 4}^s
10.000 Washington Co. 3)^s
10.000 Wore., Nashua & R. 4s

Street Railway Bonds.
$42,000 Boston Elevated 4s
33.000 Boston Elevated 4J4s
25.000 Boston & Northern 4s
25.000 Georgetown, Row. & Ips. 5s
10.000 Old Colony 4s
25.000 West End 5s

Bank Stocks.
Shs.
12 Boylston Nl. Bk., Boston
115 First Nl. Bk., Boston
12 Fourth-Atlantic Nl. Bk., Boston
65 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
8Second Nl. Bk., Boston
50 Webster & Atlas Nl. Bk., Boston
15 First Nl. Bk., Clinton
107 First Nl. Bk., Marlborough
100 Peoples Nl. Bk., Marlborough
136 Merchants Nl. Bk., Worcester
50 Worcester Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
53

No.
. 6,615
. 1,029
387
292
71
53

Amount.
$120,899 57
83,644 08
58,991 95
98,791 88
48,736 38
53,000 00

. 8,447

$464,063 86

No.
. 4,198
From women
24
From guardians
From religious and chari19
table corporations
From credit unions
1
.
385
In trust
Totals

transfers, amounting to $30,443.15, not included in above table.
D ates

of

E xamination


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

and

A udit , September 2-9 inclusive.

. 4,627

Amount.
$241,261 49
3,144 28
1,863 68
400 00
29,662 62
$276,332 07

204

REPO RT OF THE

[Pub. Doc.

MARSHFIELD SAVINGS BANK, MARSHFIELD.
Incorporated July 5, 1910.

Number of corporators, 41; number of trustees, 21.

L ewis W . H a ll , President.
H obatio B . Spbague , Treasurer
F bancis T . H aelow , Clerk of the Corporation.
Board of Trustees: E lijah A mes, E. E . A mes, C. W . B abtlett , W . H. B bow n , H enby C abveb , A H
C handleb , J. E. F obd , L. W . H a l l , W alton H a ll , F. T. H ab low , F. W . H atch , M H K ent
L utheb L ittle , J. W . M eb bill , O. B. O akm an , A . T . Spbague , H. B. Spbague , W . H. Spbague !
J. B. Sw if t , O scab Stevens , G. H. T homas.
Board of Investment: A . T . Spbague , O scab Stevens , H enby C a b v e b , F. W . H atch , E lijah A mes ,
C. W . B abtlett .
Auditing Committee: W alton H a l l , F. T . H aelow , E . E . A mes .
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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
52 loans on real estate (average of each, $816.71)
Less amount due on uncompleted loans .

$42,685 00
216 17

5 loans on personal security .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
Total Assets

$14,037
1,937
1,807
885

83
50
50
00

42,468
2,150
79
1,358
21

83
00
62
80
29

$64,746 37

Liabilities.
Due depositors on 257 accounts, averaging $246.33 each .
(Accounts opened during year, Jfi; closed, 10; increase, SO)
Surplus: —
a. Guaranty fund (.68% of deposits; increase during year, $1J)5.97)
b. Profit and loss (increase during year, $162.^5)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Suspense account

.

.

.

.

.

.

.

.

$63,307 72
364 78
162 45
$774 42
28 00

.

746 42
165 00

Total L ia b ilitie s .......................................... $64,746 37

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Am ount paid for
$88.87
$10.00
$39.50
$21.74
C ost per $1,000 of assets
1.37
.15
.61
.33
C ost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $2,919.64.


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

Total.
$160.11
2.46
.94

205

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All (5.34%).
Real estate loans (average rate, 5.88 per cent.): 5%,j$4,900; 6%, $37,568.83.
Personal loans (average rate, 5.60 per cen t.): 5%, $850; 6%, $1,300.
Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.): 3p6%, $4,000; 4%, $13,250;
4 M % , $ 2 , 000 .
Number of loans not over $3,000 each, 56, amounting to $39,935.
25 real estate loans made during year, amounting to $12,120.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 255, amounting to
.

.

$994 75
1,153 46
19,882 07

.

$22,030 28
11,239 97

Number of withdrawals during year, 125, amounting to

$10,790 31

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 California 4s
2.000 Massachusetts 3p£s
2.000 Los Angeles, Cal., 4p£s
1,250 Medford 4s
2.000 New Bedford 4s

Par Value.
$2,000 New London, Conn., 4s
2.000 Norwich, Conn.,
2.000 Orange 4s

Railroad Bonds.
$1,000 Boston & Albany 4s
1,000 N. Y., N. H. & H. 4s
Street Railway Bonds.
$2,000 West End 4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.

Totals
D ates

of

E xamination


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

No.
187
21
22
20
2
3

Amount.
$2,963 94
1,705 06
3,558 76
7,144 21
1,360 10
3,150 0C

255

$19,882 07

and

From women
From leligious and charitable corporations .
In trust .
.
.
.

A udit , October 6, 7.

Totals

No.
97

Amount.
$7,582 64

13
4

466 70
1,380 00

114

$9,429 34

206

REPORT OF THE

[Pub. Doc.

MECHANICS SAVINGS BANK, HOLYOKE.
345-347 DW IGH T STREET.
Incorporated March 16, 1872.

Number of corporators, 50; number of trustees, 17.

H enry E. G aylord , President.
I saac E . Sa w ye r , Treasurer.
N athan P. A v e r y , Clerk of the Corporation.
Board of Trustees: N. P. A v e r y , E : P. B agg , E . W . C h apin , A. W . E sleeck , G. F. F ow ler , T . H.
F ow ler , H. E . G aylord , C. E. M ackintosh , J. S. M cE lw a in , A. J. N ew e ll , C. P. R andall ,
J. F. R an ger , C. W . R ider , H. G. Sears , J. A . Skin n e r , F. M . Smith , F. S. W e b ber .
Board of Investment: H. E. G aylord , H. G. Sears , C. E . M ackintosh , J. F. R an ge r , A. J. N e w e l l .
Auditing Committee: G. F. F ow ler , F. S. W e b ber , C. P. R andall .
Deposits draw interest from first day of February, M ay, August and N ovem ber; dividends are pay­
able after third M onday in M ay and November. Business hours: 9 a .m . to 4 p .m .; Saturdays,
9 a .m . to 12 m . ; also Thursdays, 7 to 8 p .m .

STATEMENT OP CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
601 loans on real estate (average of each, $3,677.57) .
75 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $9,350)
Deposits in national banks or trust companies .
Cash and cash items
.
.
.
.
.
.

$356,984
377,507
139,384
65,402
106,987
6,200
2,210,222
270,805
12,000
9,665
227,803
9,860

35
05
82
00
00
00
69
00
00
01
33
84

$3,792,822 09

Total ^.ssets

Liabilities.
Due depositors on 6,897 accounts, averaging $500.94 each .
(Accounts opened during year, 1,065; closed, 924; increase, 141)
Surplus: —
a. Guaranty fund (4.94% of deposits; increase during year, $8,838)
b. Profit and loss (increase during year, $10,809.06)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

Total Liabilities

.

.

.

$3,455,005 81
170,548 00
84,350 97

$88,504 31
5,587 00
-----------------.

.

.

82,917 31
$3,792,322 09

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,618.12 $7,632.84 $1,615.00
Cost per $1,000 of assets
.95
2.01
.42
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $173,283.40.


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

Advertising. Other Expenses.
Total.
$257.71
$1,629.49
$14,753.16
.07
.43
3 .8 8
.
.
.
.
.
2.51

207

BANK COMMISSIONER.

No. 8.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5 per cent.): 4)^% , $62,000; 5%, $2,118,672.69; 6%, $29,550.
Personal loans (average rate, 5.25 per cent.): 5%, $181,855; 5J4%, $10,000; 5J^%, $28,050; 6%,
$50,900.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3)^% , $50,000; 3.60%, $25,000;
4%, $606,000; 4 ^ % . #10,000; 4y2% , $117,000; 5%, $150,400; 53^%, $51,800; 7%, $32,200;
10%, $5,300; 12%, $2,900.
Number of loans not over $3,000 each, 467, amounting to $685,041.
64 real estate loans made (luring year, amounting to $246,761.69.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; N ov., 1913, 2%
M ay, 1914, 2 %
Number of deposits during year, 9,827, amounting to
.

.

Number of withdrawals during year, 6,470, amounting to .
N et increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$61,604 20
63,991 50
674,895 24

.
.

$800,490 94
590,755 27
$209,735 67

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts
10.000 Massachusetts 4s
15.000 Boston 4s
5.000 Chicago, 111., 4s
5.000 Chicago, 111., 4)^s
10.000 Cleveland, 0., 5s
10.000 Duluth, Minn., 4H>s
80.000 Holyoke 4s
10.000 Los Angeles, Cal., 4J^s
20.000 Omaha, Neb., 4)^s
25.000 Seattle, Wash., 5s
20.000 St. Paul, Minn., 4}^s
18,500 Easthampton 4s
Public Funds, Notes.
15.000 Everett 5J4s
25.000 Holyoke 3^s
25.000 Holyoke 3.60%
25.000 Brookline 5%
3,500 Granby 4s

$15,000 South Hadley 4s
5,000 Winthrop 5)4s

Railroad Bonds.
$10,000 Bangor & Aroostook 5s
75.000 Boston & Albany 4s
1.000 Boston & Lowell 4s
10.000 Boston & Lowell 4V*jS
35.000 Boston & Maine 4s
22.000 Boston & Maine 4}4s
60.000 C., B. & Q. 4s
10.000 Chic., Mil. & St. Paul 4)^s
30.000 Chicago & Northw. 4s
16.000 Chicago, R. I. & Pac. 4s
18.000 Fitchburg 4s
10.000 Holyoke & Westfield 4Ms
30.000 Illinois Central 4s
10.000 Louisville & Nashville 4s
45.000 N. Y., N. H. & H. 4s
5.000 No. Maine Seaport 5s

Street Railway Bonds.
Par Value.
$15,000 Boston Elevated 4s
10.000 Boston Elevated 5s
25.000 Boston & Northern 4s
30,400 Holyoke 5s
3,000 Springfield 4s
23.000 West End 4s
10.000 West End 43^s
25.000 West End 5s

Bank Stocks.
Shs.
29 First Nl. Bk., Boston
418 City Nl. Bk., Holyoke
272 Hadley Falls Nl. Bk., Holyoke
3 Holyoke Nl. Bk.
50 Home Nl. Bk., Holyoke
50 Third Nl. Bk., Springfield

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 7,620
. 1,056
.
457
325
127
101

Amount.
$142,727 35
84,456 30
70,163 42
115,291 64
92,824 45
101,000 00

. 9,686

$606,463 16

No.
. 3,634
From women
From guardians
17
From religious and chari70
table corporations
696
In trust .

Amount.
$248,127 57
4,079 49

. 4,417

$323,317 70

Totals

141 transfers, amounting to $68,432.08, not included in above table.
D ates

of

E xam in ation , September 21-23 inclusive.


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

7,275 89
63,834 75

208

[Pub. Doc.

REPORT OF THE

MECHANICS SAVINGS BANK, LOWELL.
202 M ER RIM ACK STREET.
Incorporated March 1, 1861.

Number of corporators, 40; number of trustees, 22.

A lexan der G. C umnock , President.
C harles H. C logston , Treasurer.
H aven G. H il l , Clerk of the Corporation.
Board of Trustees: J. C. B en nett , E . N. B u r ke , C. H. C logston , A . G. C umnock , F. A . F lather ,
F rank H anchett , A. E. H atch , H. G. H il l , C. C. H utchinson , J. Y . K e ye s , W . A . M itchell ,
C. H. N elson , N. G. N orcross, H. H . P a r k e r , W . L. P a r k e r , M . A . R aw linson , J. J. R ogers,
J. F. Sa w y e r , T . A . Stevens , J. F. T albot , W . G. W a r b , J. K . W h ittie r .
Board of Investment: C. H . N elson , W . L. P a r ke r , E . N . B u r ke , J. F. Sa w y e r , C. C. H utchinson .
Auditing Committee: N. G. N orcross, T . A . Stevens , H. H. P a r k e r .
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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
405 loans on real estate (average of each, $5,060.52) .
.
.
.
.
.
.
19 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $70,000; assessed value, $68,900)
.
Real estate b y foreclosure, etc. (assessed value, $15,250) .
.
.
.
.
.
Taxes,_insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

.

$457,000 00
474,707 50
194,580 00
45,250 00
3,900 00
2,049,511 64
456,430 00
68,000 00
14,000 00
157 63
26,556 14
13,752 92
$3,803,845 83

Liabilities.
Due depositors on 6,035 accounts, averaging $589.82 each
{Accounts opened during year, 927; closed, .481; increase, 440)
Surplus: —
a. Guaranty fund {5.05% of deposits; increase during year, $12,595.86)
b. Profit and loss {increase during year, $48.28)
.
Current income: -—■
a. Interest .
.
.
.
.
.
.
$55,044 77
b. Rent
.
.
.
.
.
.
.
1,595.78
Less current expenses not charged off
Less State or local taxes not charged off

$4,742 46
1,512 16

$3,559,576 94
179,776 74
13,630 91

$56,640 55
6,254 62
50,385 93
475 31

Suspense account


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

Total Liabilities

.

. $3,803,845 83

No. 8.'

209

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Salaries.
Amount paid for
$6,315.27
$9,551.52
Cost per $1,000 of assets
1.66
2.51
Cost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses.
Total.
$821.33
$1,282.80 $17,970.92
.21
.34
4 .72
3.06

Gross income received during the year, $170,459.60.

Rates on Investments and Loans (Average on All, 4.64%).
Real estate loans (average rate, 5 per cen t.): 4%, $4,416.46; 4^2%, $197,525; 5%, $1,672,135.18; 5J4% ,
$30,000; 5}4% , $92,000; 6%, $53,435.
Personal loans (average rate, 4.73 per cent.): 4 M%> $125,000; 4 14%, $150,000; 4% % , $22,530; 5%,
$21,600; 5M % . $250; 5 ^ % , $86,500; 5 ^ % , $50,000; 6%, $550.
Bonds, stocks, etc. (average rate on amounts invested, 3.97 per cent.): 3%, $25,000; 33di%, $230,000;
4%, $899,000; 4)^% , $35,000; 8%, $3,900.

Number of loans not over $3,000 each, 217, amounting to $317,030.
30 real estate loans made during year, amounting to $245,527.86.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1913, 2%
June, 1914, 2 %
Number of deposits during year, 4,443, amounting to
.

.

Number of withdrawals during year, 4,498, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$64,902 13
66,803 48
549,877 75

.

$681,583 36
445,714 93

.

$235,868 43

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Railroad Bonds.
$40,000 Boston & Maine 4s
25.000 Boston & Maine 4J^s
25.000 C., B. & Q. 3Ms
10.000 Chic., Minn. & St. P. 4Ms
19.000 Chic. & Northwestern 4s
50.000 Concord & Montreal 4s
20.000 Delaware & Hudson Co. 4s
35.000 Fitchburg 4s
25.000 Illinois Central 3s
25.000 Illinois Central 4s
10.000 New England 4s
25.000 N. Y. C. & H. R. 3Ms
50.000 N. Y., N. H. & H. 3Ms
65.000 N. Y., N. H. & H. 4s
30.000 Old Colony 4s
30.000 Portland Terminal Co. 4s

$40,000 Allegheny, Pa., 3)^s
50.000 Boston 4s
75.000 Cambridge 3Ms
25.000 Chicago, 111., 4s
16.000 Lowell 4s
20.000 Marlborough 4s
50.000 New Bedford 4s
10.000 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
15.000 Peabody 3Ms
20.000 Peabody 4s
31.000 Wakefield 4s

Street Railway Bonds.
$150,000 Boston Elevated 4s
22.000 Boston & Northern 4s
25.000 West End 4s

Bank Stocks.
Sbs.
39 Union Nl. Bk., Lowell

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

Amount.
$61,900 48
55,767 39
56,431 81
140,491 44
118,507 76
116,778 87

. 4,443

$549,877 75

No.
From women
1,886
From guardians
10
From religious and charitable corporations .
87
In trust .
.
.
.
492
Totals

Totals
D ates

No.
. 2,707
676
362
399
184
115

of

E xam ination , February 24-M arch 2 inclusive.


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

2,475

Amount.
$228,992 46
863 48
24,887 95
60,647 21
$315,391 10

210

REPORT OF THE

[Pub. Doc.

MECHANICS SAVINGS BANK, READING.
CORNER OF M AIN AND HAVEN STREETS.
Incorporated March 20, 1891.

Number of corporators, 25; number of trustees, 12.

C harles H. N ow ell , President.
L ew is M . B ancroft , Treasurer.
E dgar N. H unt , Clerk of the Corporation.
Board of Trustees: O. L. A kerley , L. M . B ancroft , E. A. C ar pen te r , A. J. F rancis . E. N. H u n t ,
H. R. J ohnson , J. E. K elle y , M . E. N ichols , C. H. N ow ell , W . S. P a r k e r , M . A. Stone ,
A. F. U pton .
Board of Investment: C. H. N ow ell , M . E. N ichols, H. R. J ohnson .
Auditing Committee: A. J. F rancis , A. F. U pton , O. L. A k erley .
Deposits draw interest from first Saturday of March, June, September and December; dividends
are payable the second Saturday 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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
. »
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
160 loans on real estate (average of each, SI ,786.83)
Less amount due on uncompleted loans .

$27,000
95,103
7,775
6,507
2,100

00
13
00
50
00

285,893
12,427
500
13,752
1,584

00
50
00
61
00

$287,093 00
1,200 00

6 loans on personal security .
.
.
.
Furniture and fixtures .
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

Total A s s e t s .......................................... $452,642 74

Liabilities.
Due depositors on 2,212 accounts, averaging $192.15 each
.
.
.
.
.
{Accounts opened during year, 287: closed, 238; increase, 19)
Surplus: —
a. Guaranty fund {2.69% of deposits; increase during year, SI,036.05) .
b. Profit and loss {increase during year, $578.43)
.
.
.
.
.
.
Current income: —
Interest
..
.
.
.
.
.
.
.
.
.
$8,433 77
Less current expenses not charged off
.
.
.
.
385 57

$425,034 62
11,458 24
8,101 68

8,048 20
Total Liabilities

.

.

.

.

.

$452,642 74

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$633.33
$664.00
$81.00
Cost per $1,000 of assets
1.40
1.47
.18
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $19,901.12.


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

Advertising.
$42.00
.09

Other Expenses. Total.
$364.92
$1,785.25
.81
3 .95
2.37

No. 8.]

211

BANK COMMISSIONER.

Rates on Investments and Loans (Average on All, 4.76%).
Real estate loans (average rate, 5.05 per cent.): 4%, $1,200; 5%, $268,153; 5J^%, $700; 6%, $15,840.
Personal loans (average rate, 5.08 per cent.): 5%, $11,477.50; 6%, $950.
Bonds, stocks, etc. (average rate on amounts invested, 4.14 per cent.); 3%, $10,000; 3J^%, $27,000;
4%, $71,100; 5%, $33,000.
Number of loans not over $3,000 each, 152, amounting to $226,920.50.
33 real estate loans made during year, amounting to $50,210.

Dividends, Deposits and Withdrawals.
$7,296 61
7,650 88
141,018 11

Ordinary dividends declared during year: Dec., 1913, 2%
June, 1914, 2%
Number of deposits during year, 2,809, amounting to

Number of withdrawals during year, 2,665, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$155,965 60
123,276 59

.

$32,689 01

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$16,000 Reading 4s
6,000 Dracut (W. D.), 4s

Public Funds, Notes.
$5,000 Reading 4s

Railroad Bonds.
$5,000 Baltimore & Ohio 3}^s
13.000 Bangor & Aroostook 5s
5.000 Boston & Maine 4s
12.000 C., B. & Q. 3j^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

Street Railway Bonds.
$5,000 Boston Elevated 4s
3,000 Boston & Northern 4s

Bank Stocks.
Shs.
21 First Nl. Bk., Reading

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,365
196
101
77
34
17

Amount.
$33,275 62
15,766 41
16,038 01
29,260 42
21,851 51
18,016 00

. 2,790

$134,207 97

No.
1,285
From women
2
From guardians
From religious and chari37
table corporations .
18
In trust .
.
.
.

Amount.
$69,602 46
52 00

1,342

$73,280 76

Totals

19 transfers, amounting to $6,810.14, not included in above table.
D ates

of

E xam ination , February 11, 12.


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

3,338 30
288 00

212

[Pub. Doc.

REPORT OF THE

MEDFORD SAVINGS BANK, MEDFORD.
29 HIGH STREET.
Incorporated February 26, 1869. Number of corporators, 82; number of trustees, 19.
G eorge O. F oster , President.
C harles B. B uss, Treasurer.
J. G ilman W a it e , Clerk of the Corporation.
Board of Trustees: E. F. A llen , H. B. B allou , C. M . B r e w e r , J. A. C h apin , G. O. F oster , J. E . ,
G ate s , Sidney G leason , H. A. H anscom , W . N. H omer , F. H. K idde r , R . B. L aw rence , W .
B. L aw rence , W . P. M a r t in , J. H. N orcross , C. H . P a r k e r , E . S. R andall , J. W . R ock­
w e ll , J. G. W a it e , W . C. W a it .
Board of Investment: G. O. F oster , E . S. R an dall , C. H . P a r k e r , E . F. A llen , H. A . H anscom .
Auditing Committee: J. A . C hapin , W . B . L aw rence , J. E . G ate s .
Deposits draw interest from first Saturday of February, M ay, August and Novem ber; 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
826 loans on real estate (average of each, $¡1,226.03) .
Less amount due on uncompleted loans .
.
.

.

.

.
.
$150,500 00
.
.
697,595 00
.
.
125,000 00
.
.
.
.
.
24,000 00
.
.
.
$1,843,200 00
.
.
.
4,500 00
------------------------------------------ 1,838,70000
9 loans on personal security .
.
.
.
.
.
.
.
.
.
.
83,100 00
Bank building and fixtures (estimated value, $23,200; assessed value, $23,200)
.
.
13,000 00
Real estate b y foreclosure, etc. (assessed value, $8,650)
.
.
.
.
.
.
5,000 00
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
257 50
Deposits in national banks or trust companies
.
.
.
.
.
.
.
72,871 00
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
6,132 29
.

.

.

.

Total Assets

.

.

.

.

.

.

.
.

.

.

.

.

$3,016,155 79

Liabilities.
$2,733,124 61

Due depositors on 9,314 accounts, averaging $293.44 each
(.Accounts opened during year, 1,262; closed, 972; increase, 290)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $5,000)
h. Profit and loss (increase during year, $88,963.89) .
Total Liabilities

.

136,700 00
* 146,331 18
.

.

.

.

$3,016,155 79

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,833.70 $5,675.38 $1,500.00
Cost per $1,000 of assets
1.27
1.88
.50
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$63.25
$1,577.85
$12,650.18
.02
.52
4.19
.
.
.
.
.
2 .42

Gross income received during the year, $140,537.76.
* Novem ber, 1914, dividend of $52,443.96, not yet charged out of this amount.


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

213

BANK COMMISSIONER,

No,

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.01 per cent.): 4%, $1,100; 4J^%, $18,500; 5%, $1,776,850; 5}4% ,
$17,800; 6%, $24,450.
Personal loans (average rate, 5.08 per cent.): 4% % , $25,000; 4J£%, $25,000; 5%, $3,800; 5 K % ,
$1,000; 6%, $28,300.
Bonds, stocks, etc. (average rate on amounts invested, 4.56 per cent.): 3%, $30,000; 3p£%, $143,000;
4%, $365,500; 4 ^ % , $214,000; 5%, $174,000; 6%, $33,000; 7%, $40,000; 8%, $11,000; 12%,
$ 8, 000.

Number of loans not over $3,000 each, 661, amounting to $1,087,350.
76 real estate loans made during year, amounting to $212,750.

Dividends, Deposits and Withdrawals.
$50,944 90
51,881 51
423,592 00

Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2%
Number of deposits during year, 11,272, amounting to

Number of withdrawals during year, 6,337, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$526,418 41
469,326 85

.

$57,091 56

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 3p£s
20.000 Bristol Co. 4s
20.000 Brockton 4)^s
25.000 Fall River 4s
10,500 Holyoke 4s
25.000 Providence, R. I., 4s
Railroad Bonds.
$25,000 Boston & Albany 4s
20.000 Boston & Lowell 4s
25.000 Boston & Maine 4s
30.000 Central R.R. of N. J. 5s
50.000 C., B. & Q. zy 28
25.000 Chicago, Mil. & St. P. 5s
25.000 Chic. & Northw. 4s

$24,000 Chic. & Northw. 5s
39.000 Cleveland & Pitts. 4p£s
25.000 Concord & Montreal 4s
30.000 Detroit & Bay City 5s
10.000 Dexter & Piscataquis 4s
8,000 Fre., Elk. & Mo. Valley 6s
45.000 Fitchburg 4s
25.000 Fitchburg 4)^s
30.000 Illinois Central 3s
15.000 Kal., Alle. & Gr. R. 5s
25.000 Louisville & Nashville 6s
50.000 N. Y., N. H. & H. 4s
50.000 Port. & Ogdens. 4J^s
10.000 Portland Terminal Co. 4s
30.000 Ports. Gr. F. & Con. 4Jtis
18.000 Sioux City & Pac. 3}4s
25.000 Troy & Boston 7s
25.000 Vermont Valley i}4a

$25,000 Washington Co. 3p£s
10,000 Winona & St. Peter 7s
Street Railway Bonds.
$50,000 Boston Elevated 4s
50.000 Lynn & Boston 5s
25.000 Worcester Cons. 4p£s
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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
D ates

of

No.
9,813
767
329
241
64
58

Amount.
$122,440 00
60,531 00
48,970 00
86,565 00
45,220 00
59,866 00

11,272

$423,592 00

E xam ination , February 19, 20.


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

From women
From guardians
From religious and i
table corporations .
In trust .
Totals

No.
. 5,443

17

Amount.
$215,317 00
1,685 00

37
. 1,389

2,240 00
36,916 00

. 6,886

$256,158 00

214

REPO RT OF THE

[Pub. Doc.

MEDWAY SAVINGS BANK, MEDWAY.
VILLAGE STREET.
Incorporated February 20, 1871.
A d d is o n

E.

B ullard,

Number of corporators, 31; number of trustees, 20.

President.
W il l ia m

W il l ia m

N.

H it c h c o c k ,

H . U pton ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: G. S . B e n t , A. E. B u l l a r d , G. W . B u l l a r d , F. C . C l a r k , S . G. C l a r k , A. E .
C l o u g h , W . N. H i t c h c o c k , R . J. H o d g s o n , G. P . H o l b r o o k , T. F. M a l l o y , R . M . O ’ D o n n e l l ,
T. E. O ’ D o n n e l l , W . W . O l l e n d o r f f , W . L. P a l m e r , E. F. R i c h a r d s o n , S u m n e r R o b b i n s ,
A. L. R u g g l e s , H . W . S h a w , H . H . T h o r n e , W . H . U p t o n .
Board of Investment: A. E.

Auditing Committee:

S. G.

B u l l a r d , G. W . B u l l a r d , S . G. C l a r k ,
E. F. R i c h a r d s o n , H . H. T h o r n e .

C lark,

W . N.

H it c h c o c k ,
H olbrook.

W. W.

F. C.

C lark,

W . L.

G. S.

O llen dorff,

P alm er,

B ent,

G. P .

Deposits draw interest from first day of March, June, September and December; dividends are p a y­
able on and after June 15 and December 15. Business hours: 9 a . m . to 12 m . ; 2 to 5 p . m .; Sat­
urdays, 9 a . m . to 12 M.

STATEM ENT OT CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
188 loans on real estate (average of each, $1,566.39) .
6 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.
.

.

.

.

.
.
.

.

.
.
.
.
.
.
.
.
.

.

.
.

.
.

.
.
.
.
.

.

.
.

.
.
.
.

.

.

.

.
.
.
.
.
.
.
.
.

Total Assets

$77,208
146,960
10,000
8,827
294,482
4,600
2,625
15,906
2,250

69
00
00
50
96
00
37
07
95

$562,861 54

Liabilities.
Due depositors on 1,798 accounts, averaging $282.18 each
{Accounts opened during year, 192; closed, 172; increase, 20)
Surplus: —
a. Guaranty fund {5% of deposits; increase during year, $719.21)
b. Profit and loss {increase during year, $2,572.90)
Current income: —
I n t e r e s t ...............................................................
Less current expenses not charged off
.
.
.
.

$507,376 73
25,398 36
19,825 50
$11,329 16
1,068 21
10,260 95

Total Liabilities

.

.

.

.

.

$562,861 54

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$911.32
$1,500.00
$300.00
$12.00
$564.62
Cost per $1,000 of assets
1.62
2.66
.53
.02
1.00
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $26,063.61.


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

Total.
$3,287 94
5.83
3.68

215

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.46 per cent.): 5%, $136,160.96; 5)4% , $46,500; 6%, $111,822.
Personal loans (average rate, 5.78 per cen t.): 5%, $1,000; 6%, $3,600.
non.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3%, $1,000; 6/2/01 $4t>,uuu;
4%, $138,208.69; 4)4% , $22,000; 5%, $31,000; 6%, $3,000; 7%, $5,000.
Number of loans not over $3,000 each, 174, amounting to $209,207.96.
23 real estate loans made during year, amounting to $41,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1913, 2%
June, 1914, 2%
Number of deposits during year, 1,404, amounting to

$9,669 92
9,611 57
93,824 62

Number of withdrawals during year, 1,255, amounting to

$113,106 11
109,016 79
$4,089 32

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3)4s
5.000 Belfast, Me., 4s
6.000 Boston 4s
5.000 Chicago, 111., 4s
5.000 Haverhill 4s
2.000 Minneapolis, Minn., 4)4s
3.000 Springfield, 0., 5s
4.000 Worcester 4s
5.000 Douglas 4s
5.000 Medway 4s
6,150
N. Attleborough 4s
10,000
Kittery, Me. (W. D.), 5s

Public Funds, Notes.
$ia2,958 Medway 4s
3,100 Millis 4s
Railroad Bonds.
$5,000 Bangor & Aroostook 5s
2.000 Boston & Lowell 4s
5.000 Boston & Maine 4)4s
3.000 Boston & Providence 4s
3.000 Burl. & Mo. Riv. 6s
2.000 Cedar Rapids & Mo. Riv. 7s
10.000 C., B. & Q. 3)4s
6.000 C., B. & Q. 4s
5.000 Chic. & Northw. 5s
11.000 Concord & Montreal 4s

Par Value.
$5,000 Fitchburg 4s
1.000 Illinois Central 3s
16.000 Illinois Central 3)4s
10.000 Illinois Central 4s
5.000 New England 4s
10.000 N. Y. C. & H. R. 3)4s
26.000 N. Y., N. H. & H. 4s
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. 3)^s
Street Railway Bonds.
$10,000 Boston Elevated 4)^s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
D ate

of

E x a m in a t io n ,


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

No.
1,045
193
78
54
25
9

Amount.
$18,916 34
16,624 96
12,598 90
18,565 54
17,563 50
9,555 38

1,404

$93,824 62

April 10.

From women
From religious and charitable corporations .
In trust .
.
.
.
Totals

No.
589

Amount.
$37,434 08

7
31

2,004 75
1,698 73

627

$41,137 56

216

REPO RT OF THE

[Pub. Doc.

MELROSE SAVINGS BANK, MELROSE.
497 M AIN STREET.
Incorporated April 5, 1872.

Number of corporators, 66; number of trustees, 13.

M oses S. P a g e , President.

F ba n k .\I. H oyt , Treasurer.
H enby A. B ush , Clerk of the Corporation.

Board of Trustees: C. H. A dams, D ecius B ee be , F. P. B owden , A. L. C ab b , W . C. G oss, J. A. H ewes
W . A. J epson , G. R . J ones, C. H. L an g , Jr., J ohn L a b bab ee , E. S. P ag e , M . S. P age , F p ’
Shumw ay .
Board of Investment: M . S. P age , C. H. A dams, J ohn L ab bab ee , A . L. C a b b .
Auditing Committee: F. P. B ow den , W . C. G oss, D ecius B ee b e .
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 t o
12 m ., and 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
652 loans on real estate (average of each, $1,704-07)
Less amount due on uncompleted loans .

$1,111,608 15
550 00

56 loans on personal security
Deposits in national banks or trust companies
Cash and cash items
.

$307,647
247,850
122,719
30,600
750
2,000

20
10
95
00
00
00

1,111,058
526,415
49,167
3,029

15
71
21
47

Total A s s e t s .......................................... $2,401,237 79

Liabilities.
Due depositors on 9,051 accounts, averaging $236.69 each
.
.
.
.
.
(Accounts opened during year, 1,063; closed, 751; increase, 312)
Surplus: —
a. Guaranty fund (4-69% of deposits; increase during year, $10,518.99)
.
.
b. Profit and loss (increase during year, $9,696.52)
.
.
.
.
.
.
Current income: —
I n t e r e s t ...............................................................................................................................

$2,142 316 45
100,533 70
115 478 48
42,909 16

T otal L ia b ilitie s .......................................... $2,401,237 79

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$3,991.46
$5,222.32
$600.00
$411.85
Cost per $1,000 of assets
1.66
2 .17
.25
.17
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $112,782.39.


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

Other Expenses.
Total.
$1,615.70 $11,841.33
.67
4 .9 2
3 .0 1

No. 8.'

BANK COMMISSIONER,

217

Rates on Investments and Loans (Average on All, 4.89%).
Real estate loans (average rate, 5.26 per cent.): 4%, $45; 4J^%, $9,000; 5%, $707,870.15; 5Jf>%,
$199,218.05; 6%, $194,924.95.
Personal loans (average rate, 5.06 per cen t.): 4J£%, $10,000; 4%%., $25,000; 4J^%, $173,000; 4M % ,
$85,000; 5%, $48,710; 5J^%, $55,600; 5 % % , $95,000; 6%, $4,105.71; 7%, $30,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3 A % , $15,000; 4%, $598,500;
4M % . $15,000; 4J^%, $64,000; 5%, $32,000; 6%, $1,000; 8%, $500.
Number of loans not over $3,000 each, 607, amounting to $893,852.46.
44 real estate loans made during year, amounting to $89,112.50.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 11,809, amounting to

$38,983 69
40,431 49
450,543 99

Number of withdrawals during year, 8,200, amounting to
Net increase in amount due depositors

.

.

.

.
.

.

.

.

.

.
.

.
.

$529,959 17
421,717 17
$108,242 00

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Baltimore, Md., 4s
1.000 Bath, Me., 4s
10.000 Belfast, Me., 4s
2.000 Beverly 4s
31.000 Boston 4s
3.000 Chicago, 111., 4s
1.000 Duluth, Minn., 4s
13.000 Everett 4s
10.000 Haverhill 3J^s .
1.000 Holyoke 4s
2,500 Hyde Park 4s
3.000 Lawrence 4s
5.000 Los Angeles, Cal., V/3
4.000 Lowell 4s
1.000 Lynn 4s
1.000 Malden 4s
64.000 Melrose 4s
26.000 New Bedford 4s
2.000 Newburyport 4s
4.000 Norwalk, Conn., 4s
10.000 Quincy 4Ms
5.000 San Francisco, Cal., 4J^s
25.000 San Francisco, Cal., 5s

$3,000 Seattle, Wash., 4As
2.000 St. Paul, Minn., 4s
1.000 Somerville 4s
1.000 Taunton 4s
5.000 Amesbury 4s
4.000 Ashland 4s
10.000 Danvers 4s
10.000 Peabody 4s
9.000 Reading 4s
1.000 Revere 4s
5.000 Southborough 4s
5.000 Winchester 4s

Public Funds, Notes.
$18,000 Melrose 4s
Railroad Bonds.
$24,000 Boston & Albany 4s
22.000 Boston & Lowell 4s
54.000 Boston & Maine 4s
20.000 Boston & Maine 4lA s

Par Value.
$24,000 C., B. & Q. 4s
10.000 Chic., Mil. & St. Paul 4^3
14.000 Chic. & Northw. 4s
22.000 Concord & Montreal 4s
39.000 Fitchburg 4s
5.000 Fitchburg 4}^s
1.000 F., Elk. & Mo. V. 6s
5.000 Gt. Northern 4Ms
10.000 N. Y., N. H. & H. 4s
5.000 Peoria & Northw. 3As
Street Railway Bonds.
$21,000 Boston Elevated 4s
16.000 Boston Elevated 4p2S
5.000 Boston Elevated 5s
18.000 Boston & Northern 4s
1.000 Old Colony 4s
65.000 West End 4s
Bank Stocks.
Shs.
5 Melrose Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
No.
Amount.
Amount.
No.
6,616 $248,890 49
From women
. 10,294
$128,423 93
O ff$50 and less
1,792 08
10
From guardians
60,039 87
780
Over $50, not over $100
From religious and chari47,801 63
317
Over $100, not over $200
4,439 47
69
table corporations .
86,776 47
250
Over $200, not over $500
621
28,623 51
In trust .
.
.
.
48,740 42
70
Over $500, under $1,000
52,000 00
52
Of $1,000 or more
7,316 $2S3,745 55
Totals
. 11,763 $423,782 32
Totals
46 transfers, amounting to $26,761.67, not included in above table.
D ates

op

E xam in atio n , February 12-14 inclusive.


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

218

REPORT OF THE

[Pub. Doc.

MERRIMAC SAVINGS BANK, MERRIMAC.
M AIN STREET.
Incorporated April 19, 1871.

Number of corporators, 43; number of trustees, 16.

D an iel W . G ould , President.
F rederick C. G rant , Treasurer.
W illis H. S cott , Clerk of the Corporation.
Board of Trustees: D. W . G ould , F. C. G ra n t , H. W . H a l e , F. B. J udkins , Z enas L ovell , J F
P ease , A. H. P ierce , E. H. P reble , G. E. R icker , C. E. R ow ell , B. H. Sargent , E. P.’
Sargent , W . B. Sargent , W . H. Scott , H. H. Story , G. A. T itcomb .
Board of Investment: D . W . G ould , E . P. Sargent , B. H. Sargent .
Auditing Committee: W . B. Sargent , H. H. S tory , B. H. Sar ge n 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: 9 a . m . to 3 p . m .; Saturdays
9 a . m . to 12.30 P .M .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
136 loans on real estate (average of each, $2,177.96) .
5 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $3,650)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

$26,700
108,896
15.000
20.000
7,000
2,550
296,202
28,500
1,446
3,232
26,579
549

00
33
00
00
00
00
50
00
92
91
38
74

Total A s s e t s .......................................... $536,657 78

Liabilities.
Due depositors on 1,546 accounts, averaging $328.43 each
.
.
(Accounts opened during year, 114; closed, 137; decrease, 23)
Surplus: —
a. Guaranty fund (6.05% of deposits; increase during year, none)
h. Profit and loss (increase during year, $1,364.47)
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$44 72
b. R e n t ................................................................
13 65
----------------------Less current expenses not charged off
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$507,749 59

'
.
.

.
.

.
.

$58 37
45
----------------------.

.

.

25,629 63
3,220 64

57 92
$536,657 78

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Amount paid for
$969.65 $1,927.42
$223.60
$24.70
$428.25
Cost per $1,000 of assets
1.81
3 .59
.42
.05
.80
.
.
.
.
.
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $24,565.64.


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

Total.
$3,573.62
6.67
4.44

BANK COMMISSIONER

No. 8.]

219

Rates on Investments and Loans (Average on All, 4.67%).
Real estate loans (average rate, 5.11 per cent.): 5%, $258,692.50; 5 A % , $10,900; 6%, $26,610.
Personal loans (average rate, 5.83 per cent.): 4M % , $5,000; 5%, $8,500; 6/4%, $10,000; 7%, $5,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.78 per cent.): 3%, $10,000; 3 A % , $94,000;
4%, $76,700; 6%, $2,550.
Number of loans not over $3,000 each, 92, amounting to $106,552.50.
17 real estate loans made during year, amounting to $36,175.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 936, amounting to
.

.

Number of withdrawals during year, 1,078, amounting to
Net'decrease in amount due depositors

.

.

.

.

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

$9,832 14
9,807 97
56,863 64

.

.

$76,503 75
80,498 49

.

$3,994 74

.
.

.
.

.
.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Chicopee 3As
5.000 Waterbury, Ct., 4s
5.000 Auburn, Me., 4s
4.000 Merrimac 4s

Public Funds, Notes.
$2,700 Merrimac 4s

Railroad Bonds.
$20,000 Boston & Maine 4s
16.000 C., B. & Q. 3^s
11.000 Concord & Montreal 4s
5.000 Erie & Pittsburgh 3A s
10.000 Illinois Central 3s
15.000 Illinois Central 3As
10.000 Michigan Central 3As
10.000 N. Y., N. H. & H. 3lA s
6.000 Old Colony 4s
8.000 Peoria & Northw. 3As

Street Railway Bonds.
Par Value.
$15,000 Boston Elevated 4s

Bank Stocks.
Shs.
25A First Nl. Bk., Merrimac

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.

No.
778
58
31
21
8
8

Amount.
$10,401 42
4,815 87
4,968 74
8,398 00
5,915 21
8,000 00

904

$42,499 24

From women
From religious and charitable corporations
In trust .
.
.
.
Totals

32 transfers, amounting to $14,364.40, not included in above table.
D ate

op

E xam ination , M ay 15.


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

No.
379

Amount.
$18,452 16

23
7

1,757 21
741 00

409

$20,950 37

220

REPO RT OF THE

[Pub. Doc.

MERRIMACK RIVER SAVINGS BANK, LOWELL.
417 M IDDLESEX STREET.
Incorporated February 24, 1871. Number of corporators, 39; number of trustees, 20.
N athan G. L amson , President.
F ranklin E . J ohnson , Treasurer.
J ames G. H ill , Clerk of the Corporation.
Board of Trustees: B. F. C ady , M ichael C orbett , C. M . F orrest , H. C. F uller , W . H. F u ller ,
G. E . G oulding , J. J. H a r v e y , F. H. H a yn e s , J. G. H ill , W . H. H o w e , F. E. J ohnson , J. H .
J ohnson , N. G. L amson , C. P. P erham , O. B. R an lett , C harles R unels , H. C. T a ft , C F
V arnum , P. E. V arnum , C. F. Y oung .
’

Board of Investment: N. G. L amson , C. F. V arnum , H. C. T a f t , W . H. F uller , C. M . F orrest .
Auditing Committee: H. C. T aft , J. G. H ill , W . H. H ow e .
Deposits draw interest from first Saturday of February, M ay, August and November; dividends are
payable M onday following 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
Stocks of banks and trust companies
494 loans on real estate {average of each, $3,94.1.09)
44 loans on personal security
.
. •
Real estate b y foreclosure, etc. (assessed value, $625)
.
Deposits in national banks or trust companies
Cash,

.
.
.
!

.
.

.
'

.
’

j

$39,997
382,125
74.200
27,162
30.200
1,946,900
770,350
281
67,613
3,916

50
00
00
50
00
56
00
22
62
99

Total A s s e t s .......................................... $3,342,747 39

Liabilities.
Due depositors on 4,766 accounts, averaging $628.22 each
.
.
.
.
.
{Accounts opened during year, 795; closed, 462; increase, 333)
Surplus: —
a. Guaranty fund (4-86% of deposits; increase during year, $1,887.89) .
.
.
b. Profit and loss {increase during year, $14,659.30) .
.
.
.
.
Current income: —
I n t e r e s t ...............................................................................................................................

$2 994 136 65
145 687 89
123 260 64
’
79,662 21

Total L ia b ilitie s .......................................... $3,342,747 39

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,188.90 $8,371.41
$500.00
$398.45
$1,378.88 $14,837.64
Cost per $1,000 of assets
1.25
2 .50
.15
.12
.41
4 .43
Cost per $1,000 of assets not including State tax and rent .
3.03
Gross income received during the year, $152,161.98.


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

221

BANK COMMISSIONER.

No. 8.

Rates on Investments and Loans (Average on All, 4.87%).
Real estate loans (average rate, 4.94 per cent.): 4%, $40,000; 4J^%, $196,625; 4 % % , $49,000; 5% ,
$1,597,300; 53^%, $36,300; 6%, $27,675.56.
Personal loans (average rate, 5.13 per cent.): 4)^% , $160,000; 4 % % , $160,000; 5%, $236,800; 5)^% ,
$103,000; 5M %. $15,000; 6%, $4,550; 6)^% , $50,000; 7%, $41,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.24 per cent.): 3J^%, $120,000; 4%, $329,000;
4 K % , $40,000; 5%, $60,600; 7%, $4,700; 8%, $2,700; 12%, $6,400.
Number of loans not over $3,000 each, 423, amounting to $641,675.56.
36 real estate loans made during year, amounting to $82,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2%
Number of deposits during year, 4,107, amounting to

$54,830 46
55,891 50
443,966 94

Number of withdrawals during year, 3,796, amounting to

$554,688 90
393,287 42
$161,401 48

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Augusta, Me. (W. D.), 4s

Public Funds, Notes.
$30,000 Lowell 5s
Railroad Bonds.
$59,000 Boston & Maine 4s
15,000 B., R. B. & Lynn 434s

$30,000UC., B. & Q. 3Hs
40.000 C., B. & Q. 4s
25.000 Chic. & Northw. 4s
30.000 Fitchburg 4s
25.000 Illinois Central 3Hs
10.000 Illinois Central 4s
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
15.000 No. Maine Seaport 5s
10.000 Providence Terminal Co. 4s

Street Railway Bonds.
Par Value.
$50,000 Boston Elevated 4s
25,000 Worcester Con. 4p2S
Bank Stocks.
Shs.
20 Eliot Nl. Bk., Boston
64 First Nl. Bk., Boston
47 Fourth-Atlantic Nl. Bk., Boston
51 Nl. Bk. of Commerce, Boston
54 Old Boston Nl. Bk., Boston
31 State Nl. Bk., Boston
27 Webster & Atlas Nl. Bk., Boston
102 Wamesit Nl. Bk., Lowell.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,772
.
510
.
280
323
119
103

Amount.
$51,456 46
41,627 67
47,681 34
119,634 20
80,567 27
103,000 00

. 4,107

$443,966 94

D ates of E xamination, April 2, 3.


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

No.
1,603
From women
14
From guardians
From religious and chari31
table corporations .
5
From credit unions
648
In trust .
.
.
.

Amount.
$199,061 79
6,160 67

2,301

$290,622 39

Totals

7,401 72
2,429 15
75,569 06

222

REPORT OF THE

-

[Pub. Doc.

MIDDLEBOROUGH SAVINGS BANK, MIDDLEBOROUGH.
SOUTH M AIN STREET.
Incorporated March 15, 1873.

Number of corporators, 32; number of trustees, 20.

D avid G. P b a tt , President.
T heodore N. W ood, Treasurer.
G eorge W . Stetson , Clerk of the Corporation.
Board of Trustees: C. N. A twood , F. L. B arrow s , W . G. B oynton , L. H. C a r r , J. M . C lar k , M . H.
C ushing , G. E . D oane , E . S. H a th a w a y , C. M . L eonard , E. T . L incoln , J. A. M iller , D.
G. P ratt , M . S. R yder , G. R . Sampson , Samuel Sh a w , J. A. Sparrow , G. W . Stetson , G. E.
T illson , E. F. W itham , T. N. W ood.
Board of Investment: D . G. P r a tt , G. R . Sampson , G. E . D oane .
Auditing Committee: G. W . Stetson , M . S. R yder , G. E . T illson .
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 Mondays, 7 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
425 loans on real estate (average of each, $2,392.85)
79 loans on personal security
.
Bank building and fixtures (estimated value, $47,000; assessed value, $36,000)
Real estate b y foreclosure, etc. (assessed value, $4,800)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

$330,523
472,379
168,867
31,393
3,900
12,551
1,016,963
129,019
40,000
5,550
73,900
3,134

Total Assets

25
75
50
75
00
67
00
00
00
00
21
54

. $2,288,182 67

Liabilities.
Due depositors on 6,476 accounts, averaging $329.78 each
(Accounts opened during year, 700; closed, 569; increase, 131)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $3,500)
b. Profit and loss (increase during year, $7,842.48)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Total Liabilities

.

$2,135,676 30
107,000 00
39,195 46

$6,392 89
81 98
---------------

.

6,310 91

. $2,288,182 67

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$4,317.49
$3,633.00
$500.00
C ost per $1,000 of assets
1.88
1.58
.22
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $104,744.04.


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

Other Expenses.
$1,108.69
.48

Total.
$9,559.18
4.16
2.06

223

BANK COMMISSIONER.

No,

Rates on Investments and Loans (Average on All, 4.72%.)
Real estate loans (average rate, 5.15 per cent.): 5%, $808,769; 53di%> $91,350; 6%, $116,844.
Personal loans (average rate, 5.45 per cent.): 4K%> $12,500; 5%, $25,244; 5J^%, $53,300; 6%, $37,975.
Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3%, $33,000; 3J^%, $142,000;
3 % % , $5,000; 4%, $601,400; 4>^%, $141,400; 5%, $76,000; 6%, $13,700; 7%, $20,300; 8%,
$ 1, 200 .
Number of loans not over $3,000 each, 404, amounting to $448,069.
54 real estate loans made during year, amounting to $92,200.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 5,934, amounting to
.

.

Number of withdrawals during year, 4,939, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$40,343 03
40,980 57
366,728 19

.

$448,051 79
393,386 29

.

$54,665 50

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,0001Boston 3^s
10.000 Boston 4s
16.000 Dubuque, la., 4s
9.000 Kansas City, Mo., 4s
15.000 Los Angeles, Cal., 4)^s
15.000 Minneapolis, Minn., 4s
10.000 New Bedford 4s
15.000 New London, Ct., 4s
34.000 Omaha, Neb., 4b£s
7.000 Terre Haute, Ind., 4s
15.000 Worcester 3^s
40.000 Revere 4s
5.000 Winthrop 3%8
15.000 Wrentham 4s
10.000 Kittery, Me. (W. D.), 5s
26,500 Middleborough (F. D.), 4s

Public Funds, Notes.
$6,000 Barre 4s
400 Halifax 4s
2,400 Halifax 4J^s

sfn.OOO Lakeville 4s
30,000 Middleborough 4s
6,500 Middleborough (F. D.), 4s.
Railroad Bonds.
$15,000 Bangor & Aroostook 5s
30.000 Boston & Maine 4s
8.000 Cedar R. & Mo. River 7s
55.000 C., B. & Q. Z'As
10.000 C., B. & Q. 4s
25.000 Chicago & Northw. 4s
6.000 Chic. & Northw. 7s
20.000 Chic., R. I. & Pac. 4s
11.000 Chic., R. I. & Pac. 6s
25.000 Delaware & Hudson Co. 4s
5.000 Dexter & Newport 4s
10.000 Fitchburg 3)^s
16.000 Fitchburg 4s
30.000 Fitchburg 4X>s
15.000 Fitchburg 5s
33.000 Illinois Central 3s
20.000 Illinois Central 3J^s
1.000 Maine Central 5s
10.000 Michigan Central 4s

Par Value.
$55,000 N. Y „ N. H. & H. 4s
16.000 No. Maine Seaport 5s
5,000 Northwestern Union 7s
41.000 Old Colony 4s
17.000 Sioux City & Pac. 3J4s
1,300 Winona & St. Peter 7s
Street Railway Bonds.
$10,000 Boston Elevated 4s
30.000 Boston Elevated 4)4s
25.000 Boston & Northern 4s
1.000 East Middlesex 4s
1.000 Holyoke 5s
3.000 Lowell, Law. & Hav. 5s
56.000 West End 4s
20.000 Worcester Cons. 4)^s
15.000 Worcester Cons. 5s
10.000 Wore. & Southbridge 4}4s
Bank Stocks.
Shs.
12 Middleborough Nl. Bk.
27 Plymouth Nl. Bk.

Classification of Deposits Received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,727
607
229
184
83
40

Amount.
$88,729 55
48,678 49
35,519 00
62,340 62
58,938 16
41,034 67

. 5,870

$335,240 49

No.
. 2,405
From women
3
From guardians
From religious and charitable corporations
57
41
In trust

Amount.
$137,702 87
657 86

. 2,506

$146,286 45

Totals

64 transfers, amounting to $31,487.70, not included in above table.
D ates

of

E xamination


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

and

A udit , October 22-28 inclusive.

4,156 18
3,769 54

224

REPORT OF THE

[Pub. Doc.

MIDDLESEX INSTITUTION FOR SAVINGS, CONCORD.
M AIN STREET.
Incorporated March 4, 1835.

Number of corporators, 24; number of trustees, 11.

H ar vey W h eeler , President.
C harles E. B row n , Treasurer.
H erbert W . H osmer , Clerk of the Corporation.
Board of Trustees: M urray B allou , C. E . B row n , Stedman B uttrick , L. N. F owler W oodw I lu a m ^ he’eler 8001,1' KeYES’ T homas T o d d ’
A . T ow er , C. H. T ow le , H arvey W h eeler ,

Board of Investment: H arvey W h eeler , L. N . F ow ler , Stedman B uttrick , C. H. T ow le .
Auditing Committee: H ar vey W h eeler , M urray B allou , F. A . T o w er .
Deposits draw interest from first day of March, June, September and December; dividends are payable 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
j
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
424 loans on real estate (average of each, $2,197.48) .
17 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $12,000;
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.

$83,800
488,168
116,050
50.000
36,150
10.000
20,000
931,730
396,700
10,500
47,088
1,695

value $10,080)

Total Assets

00
75
00
00
00
00
00
21
00
00
47
71

. $2,191,883 14

Liabilities.
Due depositors on 6,097 accounts, averaging $333.89 each
(Accounts opened during year, 522; closed, 485; increase, 87)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, none)
b. Profit and loss (increase during year, $1,968.20)
Current income: •—- (
Interest
.
Less current expenses not charged off
.
!
$2,923 32
Less State or local taxes not charged off .
.
175 40

.

102,000 00
14,520 07
$42,733 09
3,098 72
--------------

Total Liabilities

$2,035,728 70

.

39,634 37

. $2,191,883 14

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$5,059.15 $5,545.00
$500.00
Cost per $1,000 of assets
2.31
2 .53
.23
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $102,568.85.


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

Other Expenses.
Total.
$940.90
$12,045.05
.43
5.50
2.96

BANK COMMISSIONER.

No. 8.]

225

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.04 per cent.): 5%, $873,810.21; 5)^% , $31,900; 6%, $26,020.
Personal loans (average rate, 4.90 per cent.): 4^g%, $15,000; 4 Y2°7o> $255,000;
$50,000; 5 A % ,
$1,700; 5 ^ % , $25,000; 7%, $50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3>^%, $242,000; 3 % % , $17,500;
4%, $351,000; 4 M % . $18,300; 4J4%, $75,000; 5%, $73,000; 6%, $12,000; 7%, $20,000; 14%,
$ 10 , 000 .
Number of loans not over $3,000 each, 359, amounting to $543,805.21.
60 real estate loans made during year, amounting to $108,150.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Dec., 1913, 2%
June, 1914, 2%
Number of deposits during year, 4,456, amounting to

$38,885 68
38,814 49
273,180 51

Number of withdrawals during year, 3,949, amounting to

$350,880 68
337,246 13
$13,634 55

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

$10,000 Cleveland & Pitts. 3As
50.000 Concord & Montreal 4s
10.000 Conn. & Passumpsic Riv. 4s
10.000 Conn. Riv. 3As
25.000 Delaware & Hudson 4s
30.000 Fitchburg 4s
25.000 Fitchburg 5s
20.000 Illinois Central 3As
10.000 Illinois Central 4s
20.000 Kal., Alle. & Gr. R. 5s
50.000 Michigan Central 3As
25.000 N. Y. C. & II. R. 3V2s
20.000 N. Y „ N. H. & H. 3V2s
25.000 N. Y „ N. H. & H. 4s
20.000 Old Colony 4s

$22,000 Concord 3}/fa
17,500 Concord 3%s
26,000 Concord 4s
18,300 Concord 4Ms
Railroad Bonds.
$10,000 Boston & Albany 3)^s
15.000 Boston & Lowell 4s
10.000 Boston & Maine 4s
25.000 Boston & Maine 4)d>s
25.000 C., B. & Q. 3As
25.000 Chic. & Northw. 4s

$10,000 Portland & R. Falls 4s
10.000 Sullivan Co. 4s
20.000 Troy & Boston 7s
Street Railway Bonds,
$25,000 Boston Elevated 4s
50.000 Boston Elevated 4Ms
20.000 West End 4s
20.000 West End 5s
Bank Stocks.
Shs.
100 Concord NI. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Totals

No.
. 3,248
648
266
225
2

Amount.
$67,005 71
52,203 86
41,743 24
88,443 21
1,162 00

. 4,389

$250,558 02

No.
2,152
From women
From guardians
10
From religious and charitable corporations .
44
31
In trust .
.
.
.
Totals

67 transfers, amounting to $22,622.49, not included in above table.
D ates

of

E xamination


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

and

A udit, February 26-M arch 7 inclusive.

2,237

Amount.
$116,407 72
1,926 00
1,699 89
2,501 91
$122,535 52

226

REPO RT OF THE

[Pub. Doc.

MILFORD SAVINGS BANK, MILFORD.
236 M AIN STREET.
Incorporated April 24, 1851.

Number of corporators, 43; number of trustees, 13.

Z ibeon C. F ield , President.
James E . W alk er , Treasurer.
C harles A. C laflin , Clerk of the Corporation.
Board of Trustees: H. D. B ow ker , C. A. C laflin , C. A. C ook , H . M . C urtiss , C. TT. D ra pe r , G.
A. D ra per , S. A . E astman , G. W . E llis , F. D . F ield , Z. C. F ield , F. P. L e e , A ugustus
W h ee le r , W endell W illiams .
Board of Investment: Z. C. F ield , C. A. C ook , A ugustus W h e e l e r .
Auditing Committee: H. D . B o w ker , S. A . E astman , G. W . E llis .
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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
378 loans on real estate (average of each, $2,211.04)
64 loans on personal security
.
. •
Bank building and fixtures (estimated value, $25,000, assessed value, $30,500)
Deposits in national banks or trust companies
Cash
.
.
.
.

$750,036
557,740
135,000
50.000
52,425
129,877
835,773
823,415
25.000
40,076
769

Total Assets

06
00
00
00
00
50
40
00
00
77
08

$3,400,112 81

Liabilities.
Due depositors on 9,603 accounts, averaging $329.24 each
.
.
.
.
.
(Accounts opened during year, 1,107; closed, 1,000; increase, 107)
Surplus: —
o. Guaranty fund (5.07% of deposits; increase during year, $4,011.26) .
.
.
h. Profit and loss {increase during year, $11,523.78) .
.
.
.
.
.
Current income: —
I n t e r e s t ............................................................................................... $1,601 53
Less current expenses not charged off
.
.
.
.
54 72
----------------------Total Liabilities

.

.

.

.

.

$3,161,769 05
160,185 72
76,611 23

1,546 81
$3,400,112 81

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$8,764.90 $6,235.85
$800.00
$111.25
$914.89 $16,826.89
Cost per $1,000 of assets
2 .5 8
1.83
.23
.03
.27
5 .9 4
Cost per $1,000 of assets not including State tax and rent .
2 .1 3
Gross income received during the year, $157,589.72.


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

227

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.75%).
Real estate loans (average rate, 4.92 per cent.): 4%, $10,500 ; 4M%> $16,500; 4J^%, $100,825; 4M%>
$9,595; 5%, $685,613.40; 5J^%, $3,000; 6%, $9,340; 7%, $400.
Personal loans (average rate, 5.61 per cent.): 4J^%, $163,450; 4 % % , $43,500; 5%, $75,685; 5% % ,
$25,000; 5J^%, $120,900; 5 % % , $50,000; 6%, $73,880; 6M%. $75,000; 6 ^ % , $156,000; 6M%,
$15,000; 7%o%, $25,000.
Bonds, stocks, etc. (average rate, on amounts invested, 4.25 per cent.): 3J^%, $285,000; ?j % % , $8,900;
4%, $885,736.06; 4)^% , $270,000; 5%, $100,000; 5J^%, $8,000; 8%, $75,800; 10%, $800; 12%,
$1.4,000.
Number of loans not over $3,000 each, 404, amounting to $482,930.96.
71 real estate loans made during year, amounting to $85,653.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 8,817, amounting to
.

.

£ umber of withdrawals during year, 8,009, amounting to
N et increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$60,085 24
60,400 64
542,445 86

.

$662,931 74
641,025 69

.

$21,906 05

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 3J^s
25.000 Akron, 0., 5s
45.000 Boston 4s
6.000 Bridgeport, Ct., 4s
20.000 Cambridge 4s
8.000 Dubuque, la., 4s
25.000 Hartford, Ct., 4J^s
13.000 Haverhill 4s
25.000 Los Angeles, Cal., 4)^s
20.000 Lynn 4s
25.000 Minneapolis, Minn., 4s
50.000 New Bedford 4s
20.000 New Britain, Ct., 4s
10.000 Newport, R. I., 4s
11.000 Providence, R. I., 4s
12.000 Saginaw, Mich., 4s
20.000 San Francisco, Cal., 5s
20.000 Seattle, Wash., 4J^s
15.000 Springfield, Mo., 5s
27.000 Taunton 4s
20.000 Waterbury, Ct., 4)/£s
50.000 Worcester 4s
10.000 Douglas 4s
9.000 Franklin 4s
20.000 Maynard 4s
2.000 Medway 4s

Par Value.
$46,000 Milford 4s
50.000 Stamford, Ct., 4As
15.000 Tiverton, R. 1., 4s
10.000 W. & So. Acton (W. D.), 4s
25.000 So. Hadley (F. D.), 4s
Public Funds, Notes.
$4,000 Bellingham 4s
8,000 Lowell 5}^s
11,236 Medway 4s
4.500 Mendon 3%9
5.500 Mendon 4s
25.000 Milford 3^s
4,400 Milford 3%a
24.000 Milford 4s
Railroad Bonds.
$50,000 Boston & Albany 3J^s
50.000 Boston & Albany 4s
30.000 Boston & Maine 4s
60.000 Boston & Maine 4)^s
25.000 C., B. & Q. 3^s
75.000 C., B. & Q. 4s
10.000 Cleveland & Pitts. 4b£s

«0,000 Ktchburg 4s
25.000 Fitchburg 4J^s
15.000 New England 5s
50.000 N. Y. C. & H. R. 3^s
75.000 N. Y., N. H. & H. 3As
50.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
12.000 Old Colony 4s
Street Railway Bonds.
$40,000 Boston Elevated 4s
25.000 Boston Elevated 4)^s
60.000 West End 4s
10.000 Worcester Cons. 4 ^ s
Bank Stocks.
Shs.
140 First Nl. Bk., Boston
8 Merchants 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.

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 6,707
. 1,097
.
498
.
342
114
44

Amount.
$126,354 36
88,873 16
77,565 06
116,480 50
82,441 47
44,174 69

. 8,802

$535,889 24

No.
. 3,913
From women
From guardians
16
From religious and cbari68
table corporations
226
In trust .
Totals

15 transfers, amounting to $6,556.62, not included in above table.
D ates

of

E xam ination , August 20-22 inclusive.


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

. 4,223

Amount.
$233,850 46
2,420 10
12,492 29
17,717 24
$266,480 09

228

REPORT OF THE

[Pub. Doc,

MILLBURY SAVINGS BANK, MILLBURY.
ELM STREET.
Incorporated April 10, 1854.

Number of corporators, 42; number of trustees, 20.

G eorge J. D udley , President.
E rnest L . Smith , Treasurer.
E dward F. R ice , Clerk of the Corporation.
Board of Trustees: H. W . A ik e n , H. W . C ar te r , T. A. D owd , D amien D ucharme , G. J. D udley ,
H . W . G lover , H. M . G oddard , E . E . H o w e , J. R . L incoln , H. T . M a x w e l l , F. W . M oore ,
J. W . P ierce , E . F. R ice , H. F. R ice , E . L. Sm ith , G. I. Sto w e , T . H. Su llivan , L. S. W aters ,
W . W . W indle , T . A . W in te r .
Board of Investment: G. J. D udley , J. R . L incoln , H. W . C ar te r , D amien D ucharme , G. I. Sto w e .
Auditing Committee: T. A. D owd , F. W . M oore , W . W . W in d le .
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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
416 loans on real estate (average of each, $2,662.04)
11 loans on personal security
Bank building and fixtures (estimated value, $20,000 assessed value, $11,800)
Real estate b y foreclosure, etc.
Taxes, insurance, etc., paid on mortgaged properties
Suspense account
.
.
.
.
.
Deposits in national banks or trust companies
Cash
.
.
.
.
.
.
.
.
Total Assets

.

.

.

$144,030
334,437
104,000
32,448
18,800
29,058
1,107,410
106,435
18,000
2
103
6,651
18,183
947
.

.

00
50
00
75
00
14
15
00
00
86
94
26
43
64

$1,920,508 67

Liabilities.
Due depositors on 3,930 accounts, averaging $435.90 each
(Accounts opened during year, 897; closed, 272; increase, 125)
Surplus: —
a. Guaranty fund (J.97% of deposits; increase during year, $2,857.90)
b. Profit and loss (increase during year, $8,888.59)
Current income: —
a. Interest .
.
.
.
.
.
.
$31,967 31
b. R e n t ...............................................................
168 00

$1,713,071 08
85,220 18
91,861 53

$32,135 31
Less current expenses not charged off
.
Less State or local taxes not charged off .


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

.
.

$1,517 23
262 20
1,779 43
30,355 88

Total Liabilities

.

. $1,920,508 67

No. 8.]

BANK COMMISSIONER.

229

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,207.91
$3,180.08
Cost per $1,000 of assets
1.18
1.00
Cost per $1,009 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$115.30
$818.23
$0,387.52
.00
.43
3.33
.
.
.
.
.
2.15

Gross income received during the year, $80,823.37.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5.03 per cent.): 5%, $1,077,898.15; 6%, $29,512.
Personal loans (average rate, 5.14 per cent.): 4J^%, $35,000; 4M % , $25,000; 5M % , $10,000; 0%,
$30,435.
Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 334%. $35,000; 4%, $290,400;
4M % , $5,000; 4 ^ % , $171,000; 4M % , $0,030; 5%, $109,500; 0%, $1,000; 7%, $8,500; 10%,
$8,300; 12%, $5,000; 16%, $1,000.
Number of loans not over $3,000 each, 353, amounting to $371,612.15.
54 real estate loans made during year, amounting to $173,880.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 2,809, amounting to

$32,466 85
32,954 16
195,826 93

Number of withdrawals during year, 2,647, amounting to

$261,247 94
207,934 55

Net increase in amount due depositors

$53,313 39

SCHEDULE OF SEC U RITIE S OWNED.
Public Funds, Bonds.
$25,000 Massachusetts 3J^s
10;000 Boston 4s
5.000 Boston 4J^s
15.000 Holyoke 4s
11.000 Sioux City, la., 4b£s
6.000 Longmeadow 4s
10.000 Marshfield 4s
9.000 Saugus 4s
10.000 South Hadley 4s
Public Funds, Notes.
$14,400 Millbury 4s
5.000 Millbury 4)^s
1,630 Millbury 4%s
17,000 Sutton 4s
5.000 Sutton 4%s

Railroad Bonds.
$17,000 Boston & Albany 4s
20.000 Boston & Albany 5s
74.000 Boston & Maine 4^s
16.000 B., R. B. & Lynn 4}^s
5,500 Cedar Rap. & Mo. Riv. 7s
10.000 Chic., Mil. & St. Paul 5s
35.000 Chic. & Northw. 4s
25.000 Fitchburg 4p2S
26.000 Fitchburg 5s
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
24.000 N. H., N. H. & H. 4s
20.000 No. Maine Seaport 5s
10.000 Portland & R. Falls 4s
5,000 Portland Terminal Co. 4s

Street Railway Bonds.
$30,000 Boston Elevated 4b£s
5,000 Boston & Northern 4s
10.000 East Middlesex 5s
21.000 Lynn & Boston 5s
13.000 Springfield 4s
15.000 West End 4s
10.000 West End 4b£s
Bank Stocks.
Shs.
50 First Ward Nl. Bk., Boston
35 Second Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
20 North Adams Nl. Bk.
25 Ware Nl. Bk.
48 Worcester Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,202
282
106
105
52
45

Amount.
$31,809 63
23,460 79
16,234 13
35,590 90
36,334 50
45,000 00

. 2,792

$188,429 95

No.
From women
1,151
From religious and chari­
table corporations .
54
10
In trust .
.
.
.
Totals

17 transfers, amounting to $7,396.9S, not included in above table.
D ates

of

E xam ination , June 25-27 inclusive.


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

1,215

Amount.
$70,783 36
4,690 29
9,739 97
$85,213 62

REPORT OF TH E

230

[Pub. Doc.

MILTON SAVINGS BANK, MILTON.
62 ADAM S STREET.
Incorporated M ay 18, 1905.

Number of corporators, 31; number of trustees, 18.

H . C lifford G allagher , President.
F rederick A. G askin s , Treasurer.
F rederick C h ase , Clerk of the Corporation.
Board of Trustees: T . K . C ummins, H . C. G allagher , Samuel G an n e tt , F. A. G a sk in s , F. R .
H a r t , J. P. H olmes, W alter J ackson , R. M . J ohnson , C. S. P ierce , M . V. P ier ce , J. F. P ope ,
N.
H. Stone , J ohn T albot , W . B . T h urber , H iram T uell , E . P. W h itn e y , C . W . W h ittie r ,
G eorge W igglesworth .
Board of Investment: T. K . C ummins, N . H. Sto n e , G eorge W igglesworth , J ohn T albot , H. C .
G allagher .
Auditing Committee: M . V. P ier ce , W . B. T hu r ber , R . M . J ohnson .
Deposits draw interest from second Thursday of March, June, September and December; dividends
are payable the fourth Thursday of M arch and September. Business hours: Mondays, Wednes­
days and Fridays, 4 to 6.30 p .m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
.
49 loans on real estate {average of each, $3,137.25) .
.
.
.
.
.
.
16 loans on personal security
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................
Total Assets

.

.

.

.

.

$21,115
283,376
21,181
11,605
153,725
171,643
11,153
1,000

00
25
25
00
00
75
85
00

$674,800 10

Liabilities.
Due depositors on 2,586 accounts, averaging $253.02 each
.
.
.
.
.
(Accounts opened during year, 326; closed, 222; increase, lOIf)
Surplus: —
a. Guaranty fund (1.32% of deposits; increase during year, $1,581.6If) .
.
.
b. Profit and loss (increase during year, $3,027.52)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$5,497 11
Less current expenses not charged off
.
.
.
.
236 91
----------------------Total Liabilities

.

.

.

.

.

$654,301 23
8,649 97
6,585 70

5,260 20
$674,800 10

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Am ount paid for
$2,166.93
$500.00
$500.00
$120.00
$420.38
.62
Cost per $1,000 of assets
3.21
.74
. 74
.18
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $31,131.45.


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

Total.
$3,707.31
5.49
1.54

231

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.54%).
Real estate loans (average rate, 4.98 per cent.): 4M % , $9,000; 5%, $144,725.
Personal loans (average rate, 4.90 per cent.): 4J^%, $54,993.75; 4% % , $10,000; 5%, $59,900; 5M % ,
$35,000; 5}4% , $10,000; 5 % % , $1,600; 6%, $150.
Bonds, stocks, etc. (average rate on amounts invested, 4.15 per cent.): 3%, $25,000; 3M % , $43,000;
4%, $237,000; 4 H % , $48,000; 5%, $2,000.
Number of loans not over $3,000 each, 38, amounting to $65,075.
7 real estate loans made during year, amounting to $16,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Mar., 1914, 1% %
Sept., 1914, 1M %
Number of deposits during year, 3,168, amounting to

$9,675 18
10,303 21
182,973 85

•

$202,952 24
136,207 46

Number of withdrawals during year, 1,912, amounting to

$66,744 78

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Boston 3}4s
5.000 Milton 4s
11.000 Milton 4p2S
Railroad Bonds.
$5,000 Atch., Top. & Santa Fé 4s
15.000 Baltimore & Ohio 3)^s
10.000 Boston & Albany 3J^s
25.000 Boston & Albany 4s
3.000 Boston & Lowell 3Hs

Par Value.
$10,000 Boston & Maine 4)^s
10.000 C., B. & Q. 3^s
34.000 C., B. & Q. 4s
7.000 Chic., Mil. & St. Paul 4}4s
25.000 Chic. & No. Western 4s
5.000 Chic., R. I. & Pac. 4s
15.000 Concord & Montreal 4s
20.000 Delaware & Hudson 4s
8.000 Fitchburg 4s
10.000 Fitchburg 4)^s
10.000 Illinois Central 3s
5.000 Illinois Central 4s

Par Value.
$40,000 N. Y., N. H. & H. 4s
15.000 Northern Pacific 3s
10.000 Northern Pacific 4s
7,000 Old Colony 4s
10.000 Ports., Gt. Falls & Con. 4p2S

Street Railway Bonds.
$10,000 Boston & Northern 4s
2,000 Wakefield & Stoneham 5s
10,000 West End 4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 aud less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
8

No.
. 2,401
.
454
178
77
27
23

Amount.
$48,343 72
36,517 00
• 26,088 00
25,109 79
19,152 28
24,028 71

. 3,160

$179,239 50

No.
. 1,607
From women
5
From guardians
From religious and diari26
table corporations
101
In trust .

Amount.
$86,157 83
2,211 75

. 1,739

$104,917 36

Totals

transfers, amounting to $3,734.35, not included in above table.
D ates

op

E xamination


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

and

A udit , March 3-9 inclusive.

6,559 87
9,987 91

232

REPORT OF THE

[Pub. Doc.

MONSON SAVINGS BANK, MONSON.
64
Incorporated March 29, 1872.

M AIN STREET.

Number of corporators, 26; number of trustees, 13.

E dward D. C ushman , President.
C harles A. B ra dw ay , Treasurer.
W illiam L. R icketts , Clerk of the Corporation.
Board of Trustees: C. A. B rad w a y , E. D . C ushman , R . P. C ushman , A. D . E llis , R ufus F a y , G C
F lynt , L. C. F lynt , C. M . G ag e , C. W . Jackson , O. C. M cC r a y , A. D. N orcross , W . L.
R icketts , P. W . Soule .
Board of Investment: E. D. C ushman , A. D. N orcross, C. M . G a g e , L. C. F lynt .
Auditing Committee: A. D. N orcross, R . P. C ushman , R ufus F a y .
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 .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
422 loans on real estate (average of each, $2,785.68)
26 loans on personal security
Bank building and fixtures (estimated value, $20,000
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

.
assessed value, $18,000)

Total Assets

$185,293
367,457
54,950
35.000
18,075
16,210
1,175,555
86,940
20.000
75,403
5,384

75
50
00
00
00
00
72
50
00
84
99

$2,040,271 30

Liabilities.
Due depositors on 3,547 accounts, averaging $515.91 each
{Accounts opened during year, 287; closed, 307; decrease, 20)
Surplus: —
a. Guaranty fund (5.08% of deposits; increase during year, $1,000)
b. Profit and loss {increase during year, $14,000)
Current income: —
a. I n t e r e s t ............................................................... $25,336 79
b. Suspense account
.
.
.
.
.
285 00

.

$1,829,941 17
93.000 00
92.000 00

$25,621 79
291 66
-----------------

Less current expenses not charged off
Total Liabilities

.

25,330 13

. $2,040,271 30

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,579.70 $3,261.65
Cost per $1,000 of assets
1.26
1.59
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $94,176.25.


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

Advertising. Other Expenses.
$27.75
$595.85
.01
.29

Total.
$6,464.95
3 .1 5
1.89

BANK COMMISSIONER.

No. 8.]

233

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.01 per cent.): 5%, $1,158,155.72; 5)4% , $15,000; 6%, $2,400.
Personal loans (average rate, 5.05 per cent.): 5%, $40,944.50; 5)4% , $600; 5M % , $10,000; 6%, $35,396.
Bonds, stocks, etc. (average rate on amounts invested, 4.16 per cent.): 3)4% , $135,000; 4%, $422,000;
4)4% , $10,000; 4 )4% , $58,400; 5%, $20,300; 6%, $25,900; 8%, $4,000; 10%, $3,000; 12%, $3,000.
Number of loans not over $3,000 each, 278, amounting to $405,291.22.
15 real estate loans made during year, amounting to $49,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914,2%
Number of deposits during year, 2,207, amounting to

$35,851 54
35,744 00
183,136 83

Number of withdrawals during year, 2,481, amounting to
Net decrease in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$254,732 37
257,707 17

.

$2,974 80

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 3)4s
10.000 Middlesex Co. 4s
10.000 Boston 4)4s
10.000 Brockton 4s
10.000 Cambridge 4s
10.000 Chicago, 111., 4s
10.000 Everett 4s
10.000 Holyoke 4s
10.000 Lynn 4s
10.000 Malden 4s
10.000 Newton 4s
10.000 Pittsfield 4s
10.000 Rochester, N. Y., 4)4s
10.000 Concord 3)4s
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.
$1,400 Holland 4)4s
2,000 Monson 4)4s

Railroad Bonds.
Par Value.
$10,000 Bangor & Aroostook 5s
18.000 Boston & Albany 4s
10.000 Boston & Lowell 4s
15.000 Boston & Lowell 4)4s
20.000 Boston & Maine 4s
10.000 Boston & Maine 414s
10.000 Boston & Providence 4s
20.000 C., B. & Q. 314s
17.000 C., B. & Q. 4s
10.000 Chic., Mil. & St. P. 5s
10.000 Cleveland & Pitts. 414s
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 314s
10.000 Lake Sh. & Mich. So. 314s
10.000 Louis., Cin. & Lex. 414s
10.000 Michigan Central 3)4s
10.000 New London Northern 4s
10.000 N. Y. C. & H. R. 314s
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
10.000 Sioux City & Pacific 3)4s
10.000 St. P. & Nor. Pac. 6s
10.000 U. N. J. R.R. & Canal Co. 4s
Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston & Northern 4s
25.000 Springfield 4s
10.000 West End 4s
Bank Stocks.
Shs.
30 First Nl. Bk., Boston
30 Merchants Nl. Bk., Boston
25 Nl. Bk. of Commerce, Boston
25 City Nl. Bk., Holyoke
34 Monson Nl. Bk.
15 Palmer Nl. Bk.
11 Agawam Nl. Bk., Springfield
25 Union Trust Co., Springfield
3 Ware Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 1,545
247
194
92
49
16

Amount.
$25,617 51
17,526 57
24,831 37
28,948 87
31,752 95
16,000 00

. 2,143

$144,677 27

From women
.
From guardians
From religious and charitable corporations
In trust
Totals

64 transfers, amounting to $38,459.56, not included in above table.
D ates

of

E xam in atio n , June 4, 5.


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

.

No.
908
1

Amount.
$53,909 41
355 59

13
7

1,103 57
2,735 95

929

$58,104 52

[Pub. Doc,

REPO RT OF THE

234

NANTUCKET INSTITUTION FOR SAVINGS, NANTUCKET.
55
Incorporated April 2, 1834.
H enby B row n , President.

M AIN STREET.

Number of corporators, 41; number of trustees, 19.

L izzie S. R iddell , Treasurer.
J osiah F. M ukphey , Clerk of the Corporation.

Board of Trustees: A . G. B rock , H enry B row n , W . M . B urdick , W . F. C odd, E . B. C oleman , A.
H . C ook , J. A . H olmes, Jr., W illiam H olland , L ester H ull , E. H. Jer n eg an , A . T . M ow ry ,
J. F. M urphey , H enry P addack , B. E . P ea se , G. C. R ule , R . C. Sm all , E. G. T homas , A . T .
W inslow , J. M . W inslow .
Board of Investment:

H enry B row n , A. T . M ow ry , R . C. Small , G. C. R u le , E . H. Jernegan
E . G. T homas , J. A . H olmes , Jr.

Auditing Committee: J. M . W inslow , E . B. C oleman , W illiam H olland .
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 p .m . from M ay 1 to Novem­
ber 1; 10 a .m . to 1 p .m . from N ovember 1 to M ay 1.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
•
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
370 loans on real estate (average of each, $1,800.52) .
.
.
.
.
.
38 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $6,000; assessed value, $5,715)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.
.
•
.
.
.
.
.
.
.
.
.

■
.

.

.

$76,000 00
84,945 40
22,000 00
20,000 00
16,243 75
3,600 00
13,230 53
666,194 00
136,111 00
4,500 00
24,372 37
1,168 71
$1,068,365 76

Liabilities.
Due depositors on 2,101 accounts, averaging $459.10 each
(Accounts opened during year, 231; closed, 207; increase, 24)
Surplus: —
a. Guaranty fund (4.92% of deposits; increase, during year, $2,374-19)
b. Profit and loss (increase during year, $5,400.25)
Current income: —
a. Interest .
.
.
.
.
.
.
$17,779 08
b. Rent
.
.
.
.
.
.
.
142 61
Less current expenses not charged off


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

$964,569 94
47,476 97
39,391 49

$17,921 69
994 33
16,927 36

Total Liabilities

.

. $1,068,365 76

No. 8.]

BANK COMMISSIONER.

235

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Am ount paid for
$1,298.64 $2,119.14
$100.00
$539.55
Cost per $1,000 of assets
1.21
1.98
. 09
.50
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.

Total.
$4,057.33
3 .78
2 .48

Gross income received during the year, $54,320.43.

Rates on Investments and Loans (Average on All, 5.28%).
Real estate loans (average rate, 5.55 per cent.): 5%, $234,618; 5J^%, $129,458; 6%, $301,768; 8%.
$350.
Personal loans (average rate, 5.83 per cent.): 4J^%, $20,000; 5%, $3,987;
$28,000; 5M % ,
$20,000; 6%, $24,124; 6)^% , $20,000; 7%, $20,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3J^%, $62,000; 4%, $90,600;
4 V2%, $61,000; 5%, $16,000; 6%, $1,000; 7%, $7,000.
Number of loans not over $3,000 each, 332, amounting to $337,301.
37 real estate loans made during year, amounting to $66,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 H %
Number of deposits during year, 1,650, amounting to

$18,288 41
22,849 97
119,577 63
$160,716 01
145,540 09

Number of withdrawals during year, 1,881, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.

;

$15,175 92

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
10.000 Albany, N. Y., 4)^s
3.000 Bay City, Mich., 4s
10.000 Boston 4s
3.000 Middletown, Ct., 3J^s
15.000 San Francisco, Cal., 5s
5.000 Seattle, Wash., 4b£s
15.000 Sioux City, la., 4)is
5.000 Billerica 4s

Railroad Bonds.
$5,000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
22.000 C., B. & Q. 3^s
17.000 Illinois Central 3J^s
8.000 Illinois Central 4s
5.000 N. Y., N. H. & H. 4s
1.000 Upper Coos 4s
10.000 Upper Coos 4b^s
7.000 Winona & St. Peter 7s

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4Hs
10,000 Springfield 4s
2,000 West End 4s
Bank Stocks.
Shs.
10 Boylston Nl. Bk., Boston
15 Eliot Nl. Bk., Boston
10 Old Boston Nl. Bk., Boston
10 Pacific Nl. Bk., Nantucket

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,224
.
211
85
76
22
10

Amount.
$21,792 77
17,138 07
13,457 46
28,286 33
15,959 31
10,000 00

. 1,628

$106,633 94

From women
From guardians
From religious and charitable corporations .
In trust .
.
.
.
Totals

Totals

22 transfers, amounting to $12,943.69, not included in above table.
D ates

of

E x a m in atio n , September 8-11 inclusive.


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

No.
704
4

Amount.
$50,829 14
330 18

30
344

4,035 11
23,498 01

1,082

$78,692 44

236

REPORT OF THE

[Pub. Doc.

NATICK FIVE CENTS SAVINGS BANK, NATICK.
6 M AIN STREET.
Incorporated April 5, 1859.
H enry

C . M u l l ig a n ,

Number of corporators, 35; number of trustees, 16.

President.
H enry

C . A rthur

G.

F is k e ,

D o w se,

Treasurer.

Clerk of the Corporation.

Board of Trustees: W . R . B i g e l o w , C . H . C h i l d , W . H. C o l b y , F . E. C u m m i n g s , C . A . D o w s e W .
L . F e l c i i , H . G. F i s k e , F . H . H a y e s , C . W . J o h n s o n , 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 , C . A . P o o k e , J. H . P r a t t , W . B . R o b i n s o n , J . W . W a l c o t t .
Board of Investment: H. C.

M u l l ig a n ,

F. H.
W .

Auditing Committee: C. W .

J o h n so n ,

F. E .

H a y e s , W.
H. C o l b y .

C u m m in g s ,

B.

R o b in s o n ,

F. H.

C. A.

P ooke,

J. B.

Leam y,

H ayes.

Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are payable
the second Tuesday of M a y and November. Business hours: 9 a . m . to 3 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
1,188 loans on real estate (average of each, $2,211.13)
Less amount due on uncompleted loans
56 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $25,000; assessed value, $29,750)
Real estate b y foreclosure, etc. (assessed value, $8,000)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
Total Assets

00

$666,238 15
485,825 00
193,980 00
70,948 75
21,003 00

19

2,626,821 81
133,509 00
15,000 00
10,200 04
540 85
113,259 19
14,753 74
$4,352,079 53

Liabilities.
Due depositors on 12,648 accounts, averaging $305.89 each
(Accounts opened during year, 1,074; closed, 879; increase, 195)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $6,420)
b. Profit and loss (increase during year, $25,204-62) .
Unearned discount
.
.
.
.
.
.
.

$3,868,891 76
193,400 00
*288,497 46
1,290 31

Total L ia b ilitie s .......................................... $4,352,079 53

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,200.93 $5,425.29 $1,000.00
$49.10
$1,535.96 $11,21128
Cost per $1,000 of assets
.73
1.25
.23
.01
.35
2.57
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
Gross income received during the year, $201,453.85.
* The N ovem ber, 1914, dividend of $82,946.20, not yet charged out of this am ount.


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

237

BANK COMMISSIONER.

No

Rates on Investments and Loans (Average on All, 4.80%)..
Real estate loans (average rate, 5.01 per cen t.): 5%, $2,580,651.81; 5)^% , $10,940; 6%, $35,230.
Personal loans (average rate, 5.41 per cent.): 4J^%, $1,500; 4 Ji% , $5,250; 5%, $69,409; 5J-£%, $1,550;
6%, $55,800.
Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3J^%, $22,800; 3.70%, $15,000;
4%, $1,137,600; 4 V2%, $71,000; 5%, $74,000; 6%, $116,900; 7%, $500; 10%, $13,000; 12%,
$2,500.
Number of loans not over $3,000 each, 999, amounting to $1,462,834.
70 real estate loans made during year, amounting to $155,625.

Dividends, Deposits and Withdrawals.
$71,091
72,078
8,973
658,856

Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914,2%
Extra dividend declared during year, M ay, 1914, } i %
Number of deposits during year, 13,004, amounting to
Number of withdrawals during year, 9,478, amounting to
N et increase in amount due depositors

.

.

.
.

.

.

.
.

.
.

55
33
63
98

$811,000 49
673,389 37

.
.

$137,611 12

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.
Par Value.
$7,000 Agawam 4s
3.000 Attleborough 4s
7,500 Dedham 4s
3.000 Duxbury 4s
3.000 Methuen 4s
22,800 Natick 3p£s
15.000 Natick 3.70%
90,400 Natick 4s
8.000 Natick 5s
20.000 Natick 6s
17.000 Wayland 4s
5.000 Wayland 6s

Public Funds, Bonds.
sfo.OOo'california 4s
3.000 Beverly 4s
98.000 Boston 4s
15.000 Brockton 4s
6.000 Haverhill 4s
2.000 Lawrence 4s
6.000 Lynn 4s
10.000 McKeesport, Pa., 4s
1.000 Newton 4s
2.000 Quincy 4s
10.000 Seattle, Wash., 5s
10.000 Worcester 4s
4.000 Agawam 4s
9.000 Arlington 4s
20.000 East Bridgewater 4s
10.000 Franklin 4s
13.000 Great Barrington 4s
15.000 Hadley 4s
31.000 Hingham 4s
14.000 Lincoln 4s
11.000 Littleton 4s
2.000 Methuen 4s
12.000 Milford 4s
84.000 Natick 4s
4.000 North Andover 4s
15.000 Peabody 4s
6.000 Ware 4s
15.000 Wellesley 4s
21.000 Winthrop 4s
6.000 Wrentham 4s

Railroad Bonds.
$5,000 Bangor & Aroostook 5s
13.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
92.000 Boston & Maine 4s
13,600 Burl. & Mo. River 6s
34.000 C., B. & Q. 4s
4.000 C., B. & Q. 5s
3.000 Chic. & Northw. 5s
25.000 Chic. & Northw. 6s
23.000 Concord & Montreal 4s
14.000 Dexter & Piscataquis 4s
48.000 Fitchburg 4s
20.000 Louisville & Nashville 6s
4.000 Mil., L. S. & Western 6s
50.000 N. Y., N. H. & H. 4s

Par Value.
$10,000 No. Maine Seaport 5s
38.000 Old Colony 4s
8.000 Pitts., Va. & Char. 4s
4.000 Rome, Watertown & Og. 5s
30.000 St. Paul, Minn. & Man. 4)^s
25.000 St. Paul & Sioux City 6s
10.000 Wor., Nash. & Roch. 4s
Street Railway Bonds.
$40,000 Boston Elevated 4s
16.000 Boston Elevated 4J^s
5,000 Lynn & Boston 5s
20.000 Springfield 4s
63.000 West End 4s
25.000 West End 4J^s
25.000 West End 5s
Bank Stocks.
Shs.
7 Boylston Nl. Bk., Boston
25 First Nl. Bk., Boston
48 Nl. Bk. of Commerce, Boston
30 Nl. Bk. of the Republic, Boston
10 Second Nl. Bk., Boston
6 State Nl. Bk., Boston
5 Webster & Atlas Nl. Bk., Boston
16 Dedham Nl. Bk.
17 Framingham Nl. Bk., So. Fram.
10 First Nl. Bk., West Newton
120 Natick Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.
.
.

Totals

No.
10,771
1,164
437
361
106
93

Amount.
$154,892 47
94,248 57
66,698 52
125,956 03
77,057 17
105,771 30

12,932

$624,624 06

No.
6,971
From women
16
From guardians
From religious and chari38
table corporations .
8
From labor unions
652
In trust .
.
.
.

Amount.
$320,629 38
1,177 24

7,685

$400,213 06

Totals

72 transfers, amounting to $34,232.92, not included in above table.
D ates

op

E x a m in a t io n


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

and

A u d it ,

December 28-January 6, 1915, inclusive.

6,792 96
474 50
71,138 98

238

REPORT OF THE

[Pub. Doc.

NEW BEDFORD FIVE CENTS SAVINGS BANK, NEW BEDFORD.
791 PURCHASE STREET.
Incorporated April 14, 1855.
L oum

Sn o w ,

Number of corporators, 112; number of trustees, 38.

President.

W i i .l i a m
G eobge

H. H.

A llen,

H.

P it m a n ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: F. T . A i k e 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 , J . H. B a r r o w s ,
W . H . B a s s e t t , R . L. B a y l i e s , O . F. B r o w n , 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 , J o h n D u f f , 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 v 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 , Jr., 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 , G. R . S t e t s o n , J i r e h S w i f t , Jr., A . L. S y l v i a , 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 .
Board of Investment: W . O.

D e v o l l , J. H . H e r r i n g , P . M . L u n d ,
L o u m S n o w , J i r e h S w i f t , Jr., A . L. T u c k e r ,

Auditing Committee:

J ir e h

Sw if t .

Jr., J. W .

W ebster,

A. G. P i e r c e , Jr., O.
W . R. W e s t .

R . C. P.

N . P ie r c e ,

C oggesh all.

Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable the second Wednesday 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
1,715 loans on real estate (average of each, $2,995.27)
.
.
.
.
.
.
151 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $115,000; assessed value, $182,000) .
.
Real estate b y foreclosure, etc. (assessed value, $1,800)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................
Total Assets

.

.

.

.

.

$2,187,677 50
981,935 00
250,000 00
93,229 00
152,000 00
48,191 32
5,136,885 00
2,942,800 00
55,029 151
211 45
175,251 17
18,346 47
$12,041,556 06

Liabilities.
Due depositors on 34,633 accounts, averaging $319.17 each
.
.
.
.
.$11,053,777
0Accounts opened during year, A,257; closed, 4<007; increase, 250)
Surplus: —
a. Guaranty fund (5.07% of deposits; increase during year, $13,200)
.
.
.
560,400
b. Profit and loss {increase during year, $109,401.25) .
.
.
.
.
.
402,229
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$27,022 61
Less current expenses not charged off
.
.
.
.
1,873 20
----------------------25,149
Total Liabilities

.

.

.

.

.

00
00
65

41

$12,041,556 06

T otal Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Total.
Advertising. Other Expenses.
Amount paid for
$26,043.57 $20,269.73
$2,500.00
$3,056.33
$51,869.63
C ost per $1,000 of assets
2 .16
1.68
.21
.25
4 .3 0
Cost per $1,000 of assets not including State tax and rent .
1.93
Gross income received during the year, $592,S97.09.


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

No. 8.]

BANK COMMISSIONER.

239

Rates on Investments and Loans (Average on All, 4.91%).
Real estate loans (average rate, 5.19 per cent.): 4 M%> $38,000; 4% % , $106,000; 4J^%, $344,500;
4M % , $143,000; 5%, $1,978,440; aV2% , $2,442,988; 6%, $83,957.
Personal loans (averagerate, 5.11 per cent.): 4M % , $235,000; 4% % , $175,000; 4J^%, $645,000; 4M % ,
$270,000; 5%, $559,950; 5M % , $141,450; 5J^%, $48,200; 5M % , $40,000; 6%, $676,700; 6Ji% ,
$136,500; 7%, $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3Mi%, $531,000; 3.70%, $25,000;
4%, $1,915,850; 4 ^ % . $40,000; 4.30%, $15,750; 4 ^ % , $742,500: 5%, $229,500; 5J^%, $105,000;
5M % , $600; 6%, $25,000; 7%, $32,500; 8%, $16,200 ; 9%, $56,800; 10%, $21,500.
Number of loans not over $3,000 each, 1,387, amounting to $2,380,183.
201 real estate loans made during year, amounting to $798,652.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 45,402, amounting to

$209,183 22
209,369 35
2,388,042 39

Number of withdrawals during year, 30,295, amounting to

$2,806,594 96
2,665,114 25

Net increase in amount due depositors

.

.

.

.

.

$141,480 71

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$200,000 Massachusetts 3Mis
50.000 Massachusetts 4s
8.000 Bay City, Mich., 4s
5.000 Bay City, Mich., 5s
160.000 Boston 4s
40.000 Boston 4J^s
25.000 Bridgeport, Conn., 4s
55.000 Cambridge 4s
30.000 Canton, 0., 5p£s
20.000 Chicago, 111., 4s
25.000 Cleveland, 0., 4)/£s
30.000 Danbury, Conn., 4s
50.000 Detroit, Mich., 4s
126.000 Fall River 4s
50.000 Grand Rapids, Mich., 4)^s
25.000 Haverhill 4s
50.000 Holyoke 3p£s
24.000 Holyoke 4s
25.000 Kansas City, Mo., 4s
45.000 Kansas City, Mo., 4M>s
25.000 Lawrence 4s
25.000 Los Angeles, Cal., 4}^s
46.000 Lowell 4J^s
25.000 Lynn 4s
20.000 Milwaukee, Wis., 3Mis
306.000 New Bedford 4s
162.000 New Bedford 4J^s
25.000 New London, Ct., 4s
25.000 New London, Ct., 5s
50.000 Newton 4s

Par Value.
$75,000 Oakland, Cal., 5%s
50.000 Oshkosh, Wis., 4Mjs
25.000 Pittsburgh, Pa., 4s
25.000 Providence, R. I., 4s
25.000 Salem 4s
30.000 San Francisco, Cal., 4)^s
20.000 Springfield 4s
50.000 Taunton 3)^s
32.000 Taunton 4Jtis
10.000 Willimantic, Conn., 4s
9,000 Middleboro’ (F. D.) 4s

^oToOO Fitchburg 4J^s
51.000 Illinois Central 3Mis
50.000 Louisville & Nashville 4s
35.000 Louisville & Nashville 5s
50.000 Michigan Central 4s
50.000 New England 4s
25.000 N. Y., N. H. & H. 3^s
75.000 N. Y., N. H. & H. 4s
130,000 Old Colony 4s
50.000 Providence Term. Co. 4s
25.000 Portland & Ogdens. 4p£s

Public Funds, Notes.
$25,000 Essex County 3.70%
29.500 Dartmouth 4s
27.500 Dartmouth 4MJs
15,750 Dartmouth 4.30%
600 Dartmouth 5%s
Railroad Bonds.
$25,000 Boston & Albany 3p2S
50.000 Boston & Albany 4Ms
50.000 Boston & Albany 5s
35.000 Boston & Maine 3Mis
50.000 Boston & Maine 4s
75.000 Boston & Maine 4p£s
24.000 C., B. & Q. 4s
50.000 Connecticut River 3J^s
25.000 Fitchburg 3p£s
50.000 Fitchburg 4s

Street Railway Bonds.
$75,000 Boston Elevated 4Mis
75.000 Boston Elevated 5s
25.000 Springfield 4s
50.000 West End 4s
25.000 West End 5s
Bank Stocks.
Shs.
115 Merchants Nl. Bk., Boston
150 Nl. Shawmut Bk., Boston
200 Metacomet Nl. Bk., Fall River
50 Franklin Nl. Bk.
325 First Nl. Bk., New Bedford
12 Mecnanics Nl. Bk., New Bedford
568 Merchants Nl. Bk., New Bedford
100 Third Nl. Bk., Springfield

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

.
.
.
.

No.
37,499
4,074
1,574
1,120
367
314

Amount.
$636,462 83
321,168 54
239,055 54
379,035 12
268,169 83
333,229 69

44,948 $2,177,121 55

Totals

No.
14,524
From women .
9
From guardians
From religious and chari152
table corporations
55
From labor unions .
7,691
In trust .
Totals

454 transfers, amounting to $210,920.84, not included in above table.
D ates

op

E x a m in a t io n ,


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

M ay 27-June 5 inclusive.

Amount.
$717,812 98
2,545 41
15,694 68
4,195 49
521,791 99

22,431 $1,262,040 55

[Pub. Doc.

REPORT OF THE

240

NEW BEDFORD INSTITUTION FOR SAVINGS, NEW BEDFORD.
174 UNION STREET.
Incorporated June 16, 1825.
W il l ia m

W.

C rapo,

Number of corporators, 118; number of trustees, 33.

President.

H.

G eorge

E dmund

W ood,

B atchelor,

Treasurer.

Clerk of the Corporation.

Board of Trustees: G . N.
C . W. C l if f o r d , C .

A i .d e n , G i d e o n A l l e n , J r . , B . H . A n t h o n y , E . W . B o u r n e , E . S . B r o w n ,
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 , C . M . H o l m e s , H . S. H u t c h i n s o n , C . S. K e l l e y , N. B .
K e r r , J. W . K n o w l e s , W . A . M a c k i e , I I . 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 . R o b i n s o n , Jr., 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 , E . S . W i l d e , C . F. W i n g , E d m u n d W o o d .

m an

Board of Investment:

W . W . C r a p o , O l i v e r P r e s c o t t , C . A . C o o k , G id e o n A l l e n , J r ., E .
T . S. H a t h a w a y , C. F. W i n g .

Auditing Committee: W . A.

M a c k ie ,

B. H.

E . T.

A nthony,

T.

P ie r c e ,

P ie r c e .

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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
1,502 loans on real estate (average of each, $3,497.01)
Less amount due on uncompleted loans .
.
.

.

.

.

.
.
.
.
.

.

.
.

.
.
.
.
.

.

.

.
.
.
.
.
.

.
.
.
.

.
.

.

.

.

.
.

.

.
.
.
.
.
.
.
.
$5,299,940 72
47,428 50

203 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $167,-100; assessed value, $175,275)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.

.

$4,111,043
4,129,707
353,050
80,000
187,861
639,863
94,137

75
75
00
00
25
00
88

5,252,512
4,616,069
167,500
550,832
34,725

22
72
00
54
38

. $20,217,303 49

Total Assets
Liabilities.

. $18,644,701 97

Due depositors on 37,422 accounts, averaging $498.23 each
(.Accounts opened during year, 5,047; closed, 4,851; increase, 696)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $18,400)
b. Profit and loss (increase during year, $154,811.82) .
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Earned discount
.
.
.
.
.
.
.
.
Unearned discount

.

.

.

.

.

.

.

.

Total Liabilities

934,000 00
587,155 19
$41,231 06
2,361 73
-----------------

.
.

.

.

.

.

43,592 79
7,853 54
$20,217,303 49

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$51,709.44 $22,420.20
—
—
$4,918.62 $79,048.26
Cost per $1,000 of assets
2 .5 6
1.11
.24
3.91
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.35
Gross income received during the year, $948,833.62.
Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5.08 per cent.): 4%, $99,000; 4)4% , $160,000; 4)4% , $1,042,254.50;
4)4% , $134,000; 5%, $1,507,937.03; 5)4% , $2,202,015.69; 6%, $107,305.
Personal loans (average rate, 5.40 per cent.): 4)4% , $505,000; 4)4% , $200,000 ; 4)4% , $285,000; 5%,
$999,890; 5)4% , $490,000; 5)4% , $474,130.67; 6%, $1,340,299.05; 6)4% , $185,000; 7%, $126,750;
7)4% , $2,000; 8%, $8,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3%, $200,000; 3)4% , $65,000;
3 ) 4%, $22,000; 3)4% , $1,864,000; 3.60%, $85,000; 3)4% , $25,000; 4%, $5,834,610; 4)4% , $21,440;
4 ) 4%, $645,485; 4)4% , $9,900; 5%, $263,300; 5)4% , $50,000; 6%, $93,100; 7%, $160,600; 8%,
$219,000; 9%, $109,600; 10%, $43,000; 12%, $73,400.
Number of loans not over $3,000 each, 1,224, amounting to $1,866,645.41.
254 real estate loans made during year, amounting to $941,710.


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

No. 8.]

BANK COMMISSIONER.

241

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 41,536, amounting to

$3.53,843 60
357,262 16
3,154,684 49

Number of withdrawals during year, 33,344, amounting to

$3,865,790 25
3,580,495 70

Net increase in amount due depositors

.

.

.

.

.

$285,294 55

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Public Funds, Notes.

$100,000 Massachusetts 3s
350.000 Massachusetts 33^s
90.000 Massachusetts 4s
50.000 Essex Co. 4s
31.000 Akron, 0., 5s
440.000 Boston 4s
11.000 Canton, 0., 3his
100.000 Chicago, 111., 4s
50.000 Danbury, Ct., 4s
50.000 Dayton, 0., 5s
50.000 Detroit, Mich., 4s
15.000 Everett 4s
25.000 Everett 4}^s
27.000 Fall River 4s
60.000 Fitchburg 4s
26.000 Gloucester 4s
50.000 Grand Rapids, Mich., 4b£s
74.000 Haverhill 4s
42.000 Holyoke 4s
130.000 Kansas City, Mo., 4s
50.000 Kansas City, Mo., 4b£s
50.000 Los Angeles, Cal., 4^s
20.000 Lowell 4s
35.000 Lynn 4s
100.000 Minneapolis, Minn., 4s
205.000 New Bedford 3}-2S
430.000 New Bedford 4s
50.000 Omaha, Neb., 4}^s
35.000 Pittsburgh, Pa., 4s
50.000 Pittsfield 4s
100.000 Portland, Ore., 4s
50.000 Providence, R. I., 4s
100.000 Seattle, Wash., 4b£s
22.000 Somerville 4s
22.000 Springfield, O., 4b^s
68,750 Syracuse, N. Y., 4s
30.000 Woonsocket, R. I., 4s
50.000 Woonsocket, R. I., 4bis
50.000 Worcester 4s
15.000 Youngstown, 0,, 4s
7,500 Brookfield 4s
25.000 East Providence, R. I., 4s
51,500 Fairhaven 4s
46.000 Marion 4}is
18.000 Nantucket 43^s
25.000 Peppered 4s
8,400 Plainville 4s
25.000 Winthrop 3%s

$930^00Bristol Co. 4s
50.000 Middlesex Co. 5%s
60.000 Chelsea 3.60%
40.000 Medford 31^s
2.000 Acushnet 4s
4.500 Acushnet 5s
25.000 Barnstable 3.25%
10.000 Bourne 3.60%
5.000 Dracut 6s
41.000 Fairhaven 4s
17,940 Fairhaven 4Ms
38.000 Fairhaven 4}^s
9,900 Fairhaven 4%s
7.500 Fairhaven 5s
17.000 Falmouth 4}4s
4,485 Gosnold 4b£s
5.000 Harwich 3.60%
10.000 Hull 3.373^%
15.000 Leominster 3.25%
10.000 Longmeadow 3.25%
12.000 Mattapoisett 4s
5.000 Norton 3.60%
5.000 Plainville 3.25%
5.000 Randolph 3.60%
10.000 Revere 3.25%
2,950 Revere 4s
10.000 Revere 6s
10.000 Rockport 3.37^%
2.000 Stow 3.37V2%
11.000 Westport 4s
3.500 Westport 41-ia
3,300 Westport 5s

$128,000 Chic. & Northwestern 4s
80.000 Concord & Montreal 4s
248.000 Connecticut River 3}4ß
150.000 Delaware k Hudson 4s
50.000 Erie & Pittsburgh 3}/¿s
100.000 Fitcnburg 33^s
275.000 Fitchburg 4s
25.000 Fitchburg 43^s
100.000 Illinois Central 3s
150.000 Illinois Central 3lAa
75.000 Illinois Central 4s
50.000 Louisville & Nashville 4s
158.000 Michigan Central 4s
225.000 New England 4s
50.000 N. Y. C. & H. R. 3Hs
370.000 N. Y., N. H. & H. 4s
25.000 Old Colony 33^s
353.000 Old Colony 4s
14.000 Peoria & Northwest. 3J^s
71.000 Princeton & Northw. 3bás
20.000 Sioux City & Pacific 3J^s
30.000 St. J. & L. C. 5s
90.000 Washington County 3bés
Street Railway Bonds.
$84,000 Boston Elevated 4s
50.000 Boston Elevated 4}^s
25.000 Boston & Northern 4s
25.000 Old Colony 4s
175,000 West End 4s

Bank Stocks.
Shs.
90 Eliot Nl. Bk., Boston
Railroad Bonds.
170 First Nl. Bk., Boston
230 Merchants Nl. Bk., Boston
$50,000 Boston & Albany 3J^s
460 Nl. Bk. of Commerce, Boston
170.000 Boston & Albany 4s
1.000 Nl. Shawmut Bk., Boston
100.000 Boston & Albany 5s
130 Nl. Union Bk., Boston
87.000 Boston & Lowell 4s
564 Second Nl. Bk., Boston
100.000 Boston & Maine 3L^s
134 State Nl. Bk., Boston
200.000 Boston & Maine 4s
60 Webster & Atlas Nl. Bk., Boston
10.000 Boyer Valley 3^s
22 Nl. Bk. of Fairhaven
20,600 Burl. & Mo. River 6s
200 Fall River Nl. Bk.
2.5.000 Cedar Rapids & Mo. Riv. 7s
375 Metacomet Nl. Bk., Fall River
200.000 C., B. & Q. 3J^s
1,356 First NL Bk., New Bedford
358.000 C., B. & Q. 4s
1.000 Mechanics NI. Bk., N. Bedford
7,000 C., B. & Q. 5s
1,096 Merchants NI. Bk., N. Bedford
50.000 Chic., Mil. & St. P. 4s
200 Third Nl. Bk., Springfield
50.000 Chic., Mil. & St. P. 4J^s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 30,564
. 5,433
. 2,354
. 1,533
537
385

Amount.
$663,647 60
438,451 .35
359,716 94
537,615 68
387,267 24
406,728 70

. 40,806 $2,793,427 51

No.
From women .
12,674
From guardians
26
From religious and chari359
table corporations
57
From labor unions .
8,773
In trust .
.
.
.
Totals

730 transfers, amounting to $361,256.98, not included in above table.
D ates

of

E x a m in a t io n ,


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

M ay 18-22 inclusive.

Amount.
$865,439 09
3,973 10
61,571 86
5,106 98
690,559 88

21,889 $1,626,650 91

242

REPO RT OF THE

[Pub. Doc.

NEWBURYPORT FIVE CENTS SAVINGS BANK, NEWBURYPORT.
74 STATE STREET.
Incorporated April 24, 1854.

Number of corporators, 72; number of trustees, 24.

President.

C harles T h u blow ,

John

J . W il l is

Board of Trustees:

L . H.
m a n , E r s k in e C l e m
H a l e , J osh u a H a l e
W . R . J o h n s o n , J.
G. W . R ic h a r d s o n ,

C u r r ie r ,

Auditing Committee:

M aynard,

Treasurer.

B a i l e y , J . H. 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 i c h a e l C a s h , C . L . D a v i s , H . D . D o d g e , N a t h a n i e l D o l e , E r n e s t F o s s , E . A.
, L a u r e n c e H a y w a r d , J. H . H i g g i n s , W . F . H o u s t o n , W i l l i a m I l s l e y ,
M aynard,
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 ,
C harles T h u rlow .

ent

A.

Board of Investment:

A.

Clerk of the Corporation.

J.

C h arles

G. W . R i c h a r d s o n , W .
J. H. B a l c h , J r .

T h urlow ,

R.

J o h n s o n , W il l ia m

Ilsley,

E r s k in e C l e m e n t , L a u r e n c e H a y w a r d , L . H . B a il e y , J. E . M o o d y , E . A . H a l e .

Deposits draw interest from last M onday of January, April, July and October; dividends are payable
the first M onday of M ay and November. Business hours: 8.30 a . m . to 2 p . m .; Saturdays, 8.30
a . m . to 12.30 p . m ., and 7.30 to 9 p . m . for deposits only, except during July, August and September.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
414 loans on real estate (average of each, $3,185.06) .
.
Less amount due on uncompleted loans .
.
.
.

.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.

$1,3

$470,535
467,390
88,800
53,519
58,350
6,907

00
00
00
00
00
84

1,318,605
505,650
30,000
7,931
150,170
6,241

00
00
00
44
03
11

0Ö
00

46 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed value, $35,000)
Real estate by foreclosure, etc. (assessed value, $14,000) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

$3,164,099 42

Total Assets

Liabilities.
Due depositors on 6,176 accounts, averaging $461.24 each
(Accounts opened during year, 793; closed, 618; increase, 175)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $5,330).
b. Profit and loss (increase during year, $16,018.75) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
Premium account

.

.

.

.

.

.

.

.

$2,848,635 68
142,430 00
*154,609 50

$3,563 91
501 17
3,062 74
15,361 50

.

Total Liabilities

.

.

.

.

.

$3,164,099 42

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$5,493.72 $5,750.02
$800.00
$47.25
$1,508.79 $13,599.78
Cost per $1,000 of assets
1.73
1.82
.25
.01
.48
4 .2 9
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.31
Gross income received during the year, $ 143,786.92.
* The November, 1914, dividend of $55,099.47 not yet charged out of this amount.


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

BANK COMMISSIONER.

No. 8.1

243

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 5.03 per cen t.): 4J^>%, $13,500; 5%, $1,190,015; 5J^%, $46,000; 5J-£%,
Personal loans (average rate, 5.24 per cent.): 4J4%, $80,000; 4 ^ % , $22 0M ; 4 ^ % ,
$59,000; 5%, $81,500; 5J^%, $25,000; 5% % , $40,000; 6%, $7,500; 6M % , $15,000; 6}4% , $30,000,
6M % , $25,000; 7%, $14,500; 7.30%, $15,000; 7H % , $12,000
„
«109 000Bonds, stocks, etc. (average rate on amount« invested, 4.3o per cent.): 3%, $35,000
$109,UUU,
3M %, $5,000; 3.80%, $5,000; 4%, $758,160; 4M % , $5,000; 4J^%, $180,000; 5%, $30,800; 6%;
$4,450; 7%, $2,500; 8%, $36,200; 12%, $8,800.
Number of loans not over $3,000 each, 282, amounting to $320,130.
45 real estate loans made during year, amounting to $131,550.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2%
Number of deposits during year, 5,798, amounting to
.

$52,905 56
53,794 38
325,187 89

•

$431,887 83
325,231 52

Number of withdrawals during year, 4,517, amounting to

$106,656 31

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 New York 4)^s
73.000 Boston 4s
5.000 Boston 4Ks
7.000 Brockton 4s
25.000 Chelsea
45.000 Chelsea 4s
14.000 Danbury, Ct., 4s
25.000 Los Angeles, Cal., 4His
42.000 New Bedford 4s
10.000 New Britain, Ct., 4s
9.000 Newburyport 3Jdis
25.000 Omaha, Neb., 4p2S
10.000 Seattle, Wash., 4Ms
20.000 Springfield, Mo., 5s
25.000 Waterbury, Ct., 4s
30.000 Cumberland, R. I., 4s
20.000 East Providence, R. I., 4s
10.000 Enfield, Ct., Zyis
10.000 Needham 4s
7.000 No. Andover 4s
10.000 W. Springfield 4s
3.000 Augusta, Me. (W. D.), 4s

Public Funds, Notes.
Par Value.
$5,500 Newbury 4s
12,560 Rowley 4s
5.000 Salisbury 3%s
5.000 Salisbury 3.80%
500 Salisbury 4s
Railroad Bonds.
$15,000 Boston & Albany 3)^s
55.000 Boston & Albany 4s
25.000 Boston & Maine 4s
35.000 Boston & Maine 4j^s
10.000 Boyer Valley 3J^s
10.000 C„ B. & Q. 3V2s
40.000 C., B. & Q. 4s
75.000 Chicago & Northw. 4s
10.000 Connecticut River 4s
15.000 Fitchburg 4s
10.000 Fitchburg 5s
35.000 Illinois Central 3s
10.000 Illinois Central 4s
20.000 la., Minn. & Northw. 3^8
10.000 N. Y., N. H. & H. 3}4s
35.000 N. Y., N. H. & H. 4s

Par Value.
$35,000 Old Colony 4s _
10.000 Portland Terminal Co. 4s
10.000 Upper Coos 4s
10.000 Upper Coos 4L£s
12.000 Worcester, Nash. & R. 4s
Street Railway Bonds.
$25,000 Boston Elevated 4s
45.000 Boston Elevated 4J^s
10.000 Boston & Northern 4s
10.000 West End 4s
Bank Stocks.
Shs.
8 Boylston Nl. Bk., Boston
88 First Nl. Bk., Boston
25 Fourth-Atlantic Nl. Bk., Boston
18 Nl. Bk. of Commerce, Boston
300 Nl. Shawmut Bk., Boston
24 Nl. Union Bk., Boston
38 Webster & Atlas Nl. Bk., Boston
56 First Nl. Bk., Newburyport
89 Ocean Nl. Bk., Newburyport

Classification of Deposits received during the Year ending October 31, 1914.
Amount.
No.
Amount.
No.
. 2,579 $136,021
From women
$67,210 03
4,785
Of $50 and less
2,858
9
From guardians
40,092 66
483
Over $50, not over $100
From religious and
30,259 49
195
Over $100, not over $200
19,626
73
table corporations
61,496 03
166
Over $200, not over $500
11,407
141
In trust .
39,037 45
56
Over $500, under $1,000
72,000 00
59
Of $1,000 or more
. 2,802 $169,914
Totals
5,744 $310,095 66
Totals
54

transfers, amounting to $15,092.23, not included in above table.

D ates

op

E x a m in a t io n ,


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

March 19, 20.

20
48
98
67
33

244

REPO RT OF THE

[Pub. Doc.

NEWTON SAVINGS BANK, NEWTON.
286 W ASHINGTON STREET.
Incorporated June 17, 1831.

C harles

T.

P u l s if e r ,

Number of corporators, 24; number of trustees, 15.

President.
W il l ia m

C harles
F. B acon,

H . C lark,

Treasurer.

Clerk of the Corporation.

Board of Trustees:

W . F . B a c o n , W . H . B a r k e r , II. E . B o t h f e l d , B e r n a r d E a r l y , E u g e n e F a n ­
, S a 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 , G. J. M a r t i n , F r a n c i s M u r d o c k ,
W . P r o c t o r , C. T . P u l s i f e r , G. F . S i m p s o n , A . R . W e e d , E . T . W i s w a l l .

n in g

T.

Board of Investment: C. T.

Auditing Committee: C. T.

P u l s if e r ,

P u l s if e r ,

W . F.

H a r b a c h , H.
E arly.

G. W .

Jackson ,

E.

B o t h f e l d , F r a n c is M u r d o c k , B e r n a r d

W . H.

B arker.

Deposits draw interest from tenth day of January, April, July and October; dividends are payable
after the Tuesday next following January 10 and July 10. Business hours: 9 a . m . to 3 p . m .;
Saturdays, 9 a . m . to 1 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
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 of indebtedness
787 loans on real estate (average of each, $5,352.89)
25 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $50,000; assessed value, $53,600)
Real estate b y foreclosure, etc. (assessed value, $18,250)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items, .
Total Assets

$139,360
1,320,812
300.000
150.000
115,356
68,205
4,212,727
320,604
50,000
11,459
226
120,051
7,127

00
51
00
00
25
13
60
00
00
11
07
90
59

. $6,815,930 16

Liabilities.
Due depositors on 16,003 accounts, averaging $393.75 each
.
.
.
.
.
{Accounts opened during year, 1,472; closed, 1,134; increase, 338)
Surplus: —
a. Guaranty fund {5.01% of deposits; increase during year, $15,475) .
.
.
h. Profit and loss {increase during year, $21,775.52) .
.
.
.
.
.
Current income: —
a. I n t e r e s t ...............................................................................................$70,044 64
b- R e n t ............................................................... ..........
877 48
-----------------------


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

Total Liabilities

.

$6,301,195 83
315,575 00
128 237 21

70,922 12

. $6,815,930 16

No. 8.]

BANK COMMISSIONER.

245

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$10,804 17 $12,450.00 $2,500.00
$124.43
$2,478.44
$28,357.04
Cost per $1,000 of assets
1.58
1.83
.37
.02
36
4 .16
Cost per $1,000 of assets not including State tax and rent .
2 .2 1
Gross income received during the year, $302,436.76.

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 5 per cent.) : 43^%, $45,000; 5%, $4,138,777.60; 5)4% , $2,000; 5)4% ,
$26,950.
Personal loans (average rate, 5.54 per cent.): 5%, $45,500; 5)4% , $214,600; 5M % , $10,000; 6%,
$42,504; 7%, $8,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.82 per cent.): 3%, $6,000; 3)4% , $706,000;
4%, $1,210,100; 4)4% , $150,000; 5%, $1,000.
Number of loans not over $3,000 each, 352, amounting to $674,004.60.
86 real estate loans made during year, amounting to $706,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 14,749, amounting to
.

.
.
.
.
.
$116,597 45
.......................................... 119,718 60
.
.
.
.
929,681 03

Number of withdrawals during year, 11,170, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$1,165,997 08
921,990 51

.

$244,006 57

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 Massachusetts 3s
25.000 Massachusetts 3)4s
50.000 Chicago, 111., 4s
1.000 Fall River 3)4s
25.000 Kansas City, Mo., 4s
1.000 Newburyport 4s
5.000 Newton 4s
10.000 Pittsfield 4s
5.000 Providence, R. I., 3s
10.000 Bristol, R. I., 3)4s
8,500 Needham 4s

Railroad Bonds.
Par Value.
$100,000 Boston & Albany 4s
80.000 Boston & Maine 3)4s
70.000 Boston & Maine 4s
100.000 Boston & Maine 4)4s
200.000 C„ B. & Q. 3)4s
175.000 C„ B. & Q. 4s
20.000 Concord & Montreal 4s
70.000 Delaware & Hudson Co. 4s
140.000 Illinois Central 3)4s
25.000 Illinois Central 4s
100.000 N. Y., N. H. & H. 3)4s

$230J)00N. Y., N. H. & H. 4s
25,000 Old Colony 4s

Street Railway Bonds.
$110,000 Boston Elevated 4s
50,000 Boston Elevated 4)4s
140,000 West End 4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
11,328
1,790
734
487
175
150

Amount.
$211,140 29
141,791 24
110,683 18
169,626 90
123,415 61
’

11,664

$907,423 22

From women .
From guardians
From religious and chari­
table corporations
In trust .
.
.
.
Totals

85 transfers, amounting to $22,257.81, not included in above table.

D ates

of

E x a m in a t io n ,


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

March 10-13 inclusive.

No.
8,620
17

Amount.
$523,672 42
6,111 83

66
1,766

9,004 64
89,757 42

10,469

$628,546 31

246

REPO RT OF TH E

[Pub. Doc,

NEWTON CENTRE SAVINGS BANK, NEWTON.
81

UNION STREET (NEWTON CENTRE).

Incorporated February 25, 1896.

H enby

H . K endall,

Number of corporators, 32; number of trustees, 18.

President.
W il l ia m

W il l ia m

M.

F lan ders,

R . R ic e ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: W . C. B r e w e r , H . J . C a r l s o n , W . B. D o n h a m , W . M. F l a n d e r s , N. H . G e o r g e ,
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 u i t w i e l e b ,
G. H. M e l l e n , W . M . N o b l e , I. C. P a u l , F. L. R i c h a r d s o n , G. F. R i c h a r d s o n , A. L. S c o t t ,
M . C. T u t t l e .
Board of Investment: H. H.
Auditing Committee: A .

K endall,

L . Sco tt,

C.

N. H.

G eorge,

S. L u it w ie l e b ,

I. C.
G.

Paul,

S. W .

Jon es,

F. L.

R ic h a r d s o n .

F . R ic h a r d s o n .

Deposits draw interest from fifteenth day of January, April, July and October; dividends are pay­
able January 15 and July 15. Business hours: 8 to 12 m . ; 1.30 to 3 p . m . ; Saturdays, 8 a . m .
to 12 m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
155 loans on real estate (average of each, $3,140.53)
Less amount due on uncompleted loans .

$489,377 50
2,595 00

10 loans on personal security
.
.
.
.
.
.
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $22,800) .
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................

$71,153
285,266
57,865
18,602
5,940

20
05
00
50
00

486,782 50
66,600 00
15,382 30
8,687 50
15,211 94
1,636 25

Total A s s e t s .......................................... $1,033,127 24

Liabilities.
Due depositors on 3,577 accounts, averaging $276.88 each
.
.
.
.
.
{Accounts opened during year, 678; closed, 372; increase, 306)
Surplus: —
a. Guaranty fund (2.71% of deposits; increase during year, $2,383.13) .
.
.
b. Profit and loss (decrease during year, $3.94) .
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$7,006 94
Less current expenses not charged off
.
.
.
.
763 18
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.


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

T otal Liabilities

.

$990,401 94
26,870 10
9,011 44

6,243 76
600 CO

. $1,033,127 24

No. 8.]

247

BANK COMMISSIONER

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$1,935.31 $1,319.29
$686.28
$178.38
Cost per $1,000 of assets
1.87
1.28
.66
.17
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total.
$611.23
$4,730.49
.59
4.57
2.04

Gross income received during the year, $46,410.65.

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.12 per cent.): 5%, $425,642.50; 514%, $4,190; 6%, $56,950.
t
Personal loans (average rate 5.25 per cent.): 5%, $49,850; 6%, $16,750.
Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cen t.): 3%, $8,000; 3.65%, $24,000; 3^2%,
$120,000; 4%, $153,000; 4 }4 % , $62,000; 5%, $56,000; 6%, $24,000; 12%, $3,700.
Number of loans not over $3,000 each, 85, amounting to $154,877.50.
16 real estate loans made during year, amounting to $61,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Jan., 1914, 2%
.
.
.
.
.
July, 1 9 1 4 , 2 % ..........................................
Number of deposits during year, 5,255, amounting to
.
.
.
.
.
Number of withdrawals during year, 2,563, amounting to
N et increase in amount due depositors

.

.

.
.

.

.

.
.

.
.

$16,976 09
17,950 45
277,442 71
$312,369 25
229,818 79

.
.

.

$82,550 46

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3)^s
24.000 Newton 3.65%
20.000 Portland, Me. 4}4s
8,000 Br. & Tops., Me. (W.D.), 4s
16.000 Kennebec, Me. (W. D.), 3]4s
Railroad Bonds.
$3,000 Baltimore & Ohio 314s *
8.000 Boston & Albany 3}4s
5.000 Boston & Albany 4s
3.000 Boston & Maine 4s
1.000 Boston & Maine 4}4s
5.000 Boston, R. B. & Lynn 4J^s
7.000 C„ B. & Q. 3V2s
50,000 C., B. & Q. 4s

$20,000 Chicago, Mil. & St. P. 4J4s
10.000 Chicago & Northwest. 5s
24.000 Chicago & Northwest. 6s
1.000 Concord & Montreal 4s
10.000 Fitchburg 3}4s
6.000 Fitchburg 4s
10.000 Fitchburg 5s
8.000 Illinois Central 3s
20.000 Illinois Central 3)^s
13.000 Illinois Central 4s
1.000 Illinois Central 5s
1.000 Kal., Al. & Gr. Rapids 5s
1.000 Maine Central 4s
1.000 Michigan Central 4s
5.000 Mil., L. S. & W. 5s
51.000 N. Y., N. H. & H. 3^s
15.000 N. Y „ N. H. & H. 4s
5.000 No. Maine Seaport 5s

Par Value.
$3,000 Penobscot Shore Line 4s
1.000 Portland & R. Falls 4s
7.000 Western Pennsylvania 4s
Street Railway Bonds.
$3,000 Boston Elevated 4s
16.000 Boston Elevated 4Jdis
10.000 Boston Elevated 5s
7.000 Boston & Revere 5s
5.000 Glouc., Essex & Bev. 5s
2.000 Lynn & Boston 5s
15.000 West End 4s
Bank Stocks.
Shs.
14 First Nl. Bk., Boston
23 Newton Trust Co.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,196
552
.
214
135
48
29

Amount.
$70,027 83
42,458 14
31,990 06
45,681 15
31,973 66
36,800 00

. 5,174

$258,930 84

No.
From women
. 2,766
From guardians
14
From religious and charitable corporations
91
In trust .
.
599
Totals

. 3,470

Amount.
$137,313 98
1,564 95
19,083 97
15,057 09
$173,019 99

81 transfers, amounting to $18,511.87, not included in above table.

D a t e s o f E x a m in a t io n a n d A u d it ,


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

Jan. 1-6 inclusive and June 29-July 1 inclusive.

248

[Pub. Doc.

REPORT OF THE

NONOTUCK SAVINGS BANK, NORTHAMPTON.
57 M AIN STREET.

Incorporated February 9, 1899. Number of corporators, 45; number of trustees, 20.

H enry

L . "W i l l i a m s ,

President.
C l if f o r d

O b iv il l e
H . Lym an,

W . P eouty,

Treasurer.

Clerk of the Corporation.

Board of Trustees:

H . M . A b b o t t , E. H. B a n i s t e r , I s a a c B r i d g m a n , C a l v i n C o o l i d g e , W . E. C o o n e y ,
C . N . F i t t s , H. N . G a r d i n e r , M . S . H o w e s , R. W . I r w i n , C . W . K i n 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 i q 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 i l l i a m s , R. L. "W i l l i s t o n .

Board of Investment:

I s a a c B r i d g m a n , C . "W . K i n n e y , O . W . P r o u t y .

Auditing Committee:

I sa a c B r id g m a n ,

C. H.

Lym an,

F. M .

Stark w e a th e r .

Deposits draw interest from first "Wednesday of March, June, September and December; dividends are
payable the first Wednesday of June and December. Business hours; 9 a . m . to 3 p . m .; Saturdays,
9 a .m . to 12 m . ; also Saturdays for deposits only, 7.30 to 8.30 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Pubhc funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
333 loans on real estate (average of each, $1,885.21)
62 loans on personal security
Premium account
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
Total Assets

$26,386
98,533
28,668
18,008
24,726
6,500
627,775
133,891
500
46,755
2,352
.

.

.

.

.

68
80
75
75
00
00
07
02
00
56
33

$1,014,097 96

Liabilities.
Due depositors on 2,543 accounts, averaging $377.83 each
(Account opened during year, 477; closed, 84%; increase, 135)
Surplus; —
a. Guaranty fund (8.22% of deposits; increase during year, S3,400)
b. Profit and loss (increase during year,
Current income: —
Interest
.
.
.
.
.
Less current expenses not charged off


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

Total Liabilities

.

$960,834 76
31,000 00
13,139 09
$10,763 43
1,639 32
-----------------

9,124 11

. $1,014,097 96

No.

BANK COMMISSIONER.

249

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$1,491.08 $2,815.00
$500.00
$78.85
$858.54
$5,743.47
Cost per $1,000 of assets
1.47
2 .77
.49
.08
.85
5.66
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.70
Gross income received during the year, $47,188.12.

Rates on Investments and Loans (Average on All, 4.86%).
Beal estate loans (average rate, 5 per cen t.): 5%, $627,775.07.
Personal loans (average rate, 5.05 per cent.): 5%, $121,141.02; 5)^% , $12,500; 6%, $250.
Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3%, $5,000; 3M % , $10,000;
3 H % , $35,000; 3 .9 1 ^ % , $6,000; 4%, $96,000; 4 ^ % , $23,000; 5%, $19,500; 7%, $3,300; 8%,
$4,700; 10%, $2,800; 14%, $1,000.
Number of loans not over $3,000 each, 344, amounting to $492,216.09.
40 real estate loans made during year, amounting to $74,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1913, 2%
.
.
.
.
.
June, 1914, 1 M % ..........................................
Number of deposits during year, 2,715, amounting to
.
.
.
.
.
Number of withdrawals during year, 2,104, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$17,381 52
15,780 92
215,242 85

.

$248,405 29
207,934 13

.

$40,471 16

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$3,000 Boston 3}4s
3.000 Minneapolis, Minn., 4s
3.000 Portland, Ore., 4s
10,000 St. Louis, Mo., 3Ms
6.000 So. Hadley 4s

Public Funds, Notes.
$2,000 Cummington 5s

Railroad Bonds.
$5,000 Baltimore & Ohio 33f>s
1.000 Boston & Albany 3h^s
5.000 Boston & Albany 4J^s
10.000 Boston & Albany 5s
11.000 Boston & Maine 4s
3.000 Boston & Maine 4b£s
10.000 Boston & Lowell
20.000 C„ B. & Q. 33^s
5.000 C., B. & Q. 4s
1.000 Connecticut River 3)^s
5.000 Erie & Pittsburgh 3}4s
5.000 Illinois Central 3s
10.000 Lime Rock 4s
10.000 N. Y., N. H. & H. 4s
2.000 Old Colony 4s

Street Railway Bonds,
$1,000 Boston Elevated 4s
5.000 Boston Elevated 43^s
10.000 Boston & Northern 4s
5.000 Old Colony 4s
10.000 West End 4s
Bank Stocks.
Shs.
10 Greylock Nl. Bk., Adams
5 Millers River Nl. Bk., Athol
33 First Nl. Bk., Northampton
50 Chapin Nl. Bk., Springfield
40 Chicopee Nl. Bk., Springfield
23 Third Nl. Bk., Springfield
7 Hampden Nl. Bk., Westfield

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 1,950
348
170
145
49
26

Amount.
$36,724 59
28,660 30
27,037 58
51,571 37
33,293 01
26,000 32

. 2,688

$203,287 17

No.
From women
1,018
From guardians
14
From religious and charitable corporations .
77
In trust .
.
.
.
51
Totals

Totals

27 transfers, amounting to $11,955.68, not included in above table.
D ates

of

E xam ination , M ay 21, 22 inclusive.


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

1,160

Amount.
$77,834 34
3,673 15
5,504 88
11,088 92
$98,101 29

[Pub. Doc.

REPO RT OF THE

250

NORTH ADAMS SAVINGS BANK, NORTH ADAMS.
86 M AIN STREET.
Incorporated April 26, 1848.

H erbert W . C lark,

Number of corporators, 48; number of trustees, 15.

President.

D.

E zra

W il l ia m

E . L onergan,

W h it a k e r ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: A. W . C h i p p e n d a l e , H. W . C l a r k , C . H. C u t t i n g , W . E . L o n e r g a n , W . P .
M e C r a w , S h e r m a n M c V e i g h , C . T . P h e l p s , W . H. P r i t c h a r d , W . H. S p e r r y , F. D . S t a f f o r d ,
E d m o n d V a d n a i s , A. C . W e b e r , V . A . W h i t a k e r , C . E . W h i t n e y , C . E . W i n c h e l l .
Board of Investment: C. E .

W in c h e l l ,

Auditing Committee: C. H.

C u t t in g ,

W . E.

W . E.

L onergan,

W . H.

A. W .

L onergan,

Sperry.

C h ip p e n d a l e .

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 4 p . m . ; Saturdays, 9 a . m . to 2 p . m . and 7 to
8 p . m . for deposits only.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds _.
.
.
.
Stocks of banks and trust companies
.
.
.
437 loans on real estate (average of each, $3,813.40) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.
.

.
.
.
.

.
.
.

.
.
.

.
.
.

.
.
.
.
.
$1,666,707 03
.
.
.
250 00
----------------------104 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $72,000; assessed value, $63,000)
.
.
Real estate by foreclosure, etc. (assessed value, $66,325) .
.
.
.
.
.
Taxes, insurance, etc-., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.
.

.

.

$124,420
555,820
127,737
60,000
45,785

82
00
50
00
00

.

1,666,457 03
439,679 90
46,231 83
72,182 82
1,532 98
81,623 31
7,297 76

Total A s s e t s .......................................... $3,228,768 95

Liabilities.
Due depositors on 7,358 accounts, averaging $406.99 each
(Accounts opened during year, 1,165; closed, 979; increase, 186)
Surplus: —
a. Guaranty fund (5.84% of deposits; increase during year, none)
b. Profit and loss (increase during year, $21,594-57) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Suspense account

.


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

.

.

.

.

.

.

.

T otal Liabilities

.
.

.

$2,994,674 18
175,000 00
37,777 81

$21,931 05
868 70
-----------------

21,062 35
254 61

. $3,228,768 95

No. 8.]

BANK COMMISSIONER.

251

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,903.36 $7,640.00
$1,000.00
$244.92
$1,294.51
$15,082.79
Cost per $1,000 of assets
1.52
2.36
.31
.07
.40
4 .6 6
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.83
Gross income received during the year, $148,915.62.

Rates on Investments and Loans (Average on All, 4.92%).
Real estate loans (average rate, 5.22 per cen t.): 4%, $150,000; 4J^%, $261,460; 5%, $608,705.70; 5J^%,
$2,500; 6%, $643,791.33.
Personal loans (average rate, 5.39 per cent.): 4}^% , $117,600; 4 % % , $38,500; 5%, $26,313; 5M % ,
$37,500; 5H % , $53,000; 6%, $126,766.90; 6 ^ % , $10,000; 7%, $20,000; 7Y2%, $10,000.
Bonds, slocks, etc. (average rate on amounts invested, 4.15 per cent.): 3%, $60,000; 3.40%, $5,660;
3 H % , $84,400; 3%% , $11,533.32; 4%, $449,900; 4)4% , $185,600; 5%, $123,500.
Number of loans not over $3,000 each, 395; amounting to $497,088.15.
51 real estate loans made during year, amounting to $107,714.20.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 8,327, amounting to

$55,282 75
56,503 01
508,433 36

Number of withdrawals during year, 6,313, amounting to

$620,219 12
491,367 40

Net increase in amount due depositors

$128,851 72

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$4,000 Chicago, 111., 4s
10.000 Fitchburg 4s
10.000 Los Angeles, Cal., 4)4.8
2.000 Melrose 4s
11.000 New Bedford 4s
15.000 Omaha, Neb., 4)4s
3.000 Portland, Ore., 4s
5.000 Sioux City, la., 4L£s
5.000 Springfield, Mo., 5s
9.000 Littleton 4s
3,900 Plymouth 4s

$11,533 North Adams 3J4s
11,600 North Adams 4M>s

$30,000 Northern Me. Seaport 5s
4.000 Port., Gt. Falls & Con. 4^s
15.000 Portland Terminal Co. 4s
25.000 Sullivan County 4s

Railroad Bonds.
$64,000 Bangor & Aroostook 5s
Street Railway Bonds.
10.000 Baltimore & Ohio 3)48
5.000 Boston & Albany 4s
$15,000 Boston Elevated 4s
7.000 Boston & Maine 4s
20.000 Boston Elevated 4)4s
50.000 Boston & Maine 4L£s
12.000 Boston & Northern 4s
85.000 C., B. & Q. 4s
25.000 Hoosac Valley 4s
5.000 Chic., Rock Island & Pacific 4s
21.000 Hoosac Valley 5s
5.000 Old Colony 4s
5.000 Delaware & Hudson 4s
30.000 Fitchburg 4s
25.000 Springfield 4s
5.000 Fitchburg 4)4s
6.000 West End 4s
60.000 Illinois Central 3s
Bank Stocks.
25.000 Illinois Central 3)4s
35.000 N. Y., N. H. & H. 3)43
Shs.
102,000 N. Y., N. H. & H. 4s
400 North Adams Trust Co.

Public Funds, Notes.
$3,500 Florida 5s
5,660 North Adams 3.40%
14,400 North Adams 3)48

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less .
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
D ates

of

No.
6,558
.
947
399
237
96
90

Amount.
$120,676 28
80,078 64
59,522 45
85,075 44
69,703 37
93,377 18

8,327

$508,433 36

E x a m in a t io n ,


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

No.
From women
. 3,398
From guardians
14
From religious and chari.
104
table corporations
30
From labor unions
.
202
In trust .
Totals

November 30-Decem ber 2 inclusive.

. 3,748

Amount.
$203,267 71
2,953 71
10,194 28
974 66
15,099 65
$232,490 01

[Pub. Doc.

REPORT OF THE

252

NORTHAMPTON INSTITUTION FOR SAVINGS, NORTHAMPTON.
109 M AIN
Incorporated March 1, 1842.

O l iv e r

W alker,

STREET.

Number of corporators, 33; member of trustees, 16.

President.

Sa m u e l D . D r u r y ,
T.

G.

S p a u l d in g ,

Treasurer.

Clerk of the Corporation.

Board of Trustees:

H . H . C h i l s o n , C . N. C l a r k , F. E . C l a r k , M e r r i t 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 d w a r d s , H . R . H i n c k l e y , J a m e s P o r t e r , S . F. R e y n o l d s ,
T . G. S p a u l d i n g , F. W . T h a y e r , H . M . T y l e r , O l i v 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.

Auditing Committee: F. E.

D rury,

C lark,

F. E.

E . F.

C lark , A rthur W atson .

C r o o k s , H . I I. C h il s o n .

Deposits draw interest from first Wednesday of January, April, July and October; dividends are pay­
able the first 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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds .
American 1 el. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
754 loans on real estate (average of each, $3,662.60)
Less amount due on uncompleted loans .

$636,500
1,514,375
215,875
200,000
99,500
12,900
31,850

00
00
00
00
00
00
00

2,761,601
317,293
75,871
59,500
17
262
127,505
6,754

89
00
76
00
70
02
36
94

97
08

60 loans on personal security
Bank building and fixtures (estimated value, $92,088; assessed \alue, $31,000)
Real estate by foreclosure, etc. (assessed value, $55,570) .
Taxes, insurance, etc., paid on mortgaged properties
Accrued interest .
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.
.

$6,059,806 67

Total Assets

Liabilities.
Due depositors on 14,516 accounts, averaging $389.18 each
.
.
.
.
.
{Accounts opened during year, 1,883; closed, 1,615; increase, 268)
Surplus: —
a. Guaranty fund (4.96% of deposits; increase during year, $6,500)
b. Profit and loss {increase during year, $3,771.32)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$18,764 63
Less current expenses not charged off
.
.
$1,024 40
Less State or local taxes not charged off .
.
557 37
----------------------- 1,581 77
Unearned discount


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

Total Liabilities

.

$5,649,365 16
280,000 00
113,238 98

17,182 86
19 67

. $6,059,806 67

253

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$11,189.66 $10,073.63
$748.78
$198.00
$2,752.87
$24,962.94
Cost per $1,000 of assets
1.85
1.66
.12
.03
.45
4.11
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .14
Gross income received during the year, $266,823.22.

Rates on Investments and Loans (Average on All, 4.55%).
Real estate loans (average rate, 4.97 per cent.):
$220,500; 5%, $2,501,101.89; 5J^%, $40,000.
Personal loans (average rate, 5.14 per cent.): 4J^%, $50,000; 4M % , $25,000; 5%, $136,515; 5J^%,
$62,378; 6%, $43,400.
Bonds, stocks, etc. (average rate on amounts invested, 4.06 per cent.): 3M % , $836,000; 3.65%, $14,000;
3.85%, $13,000; 4%, $1,374,000; 414%, $78,000; 4Y2%, $210,500; 5%, $199,500; 6%, $13,000;
7%, $900; 10%, $7,000; 12%, $5,000.
Number of loans not over $3,000 each, 653, amounting to $798,957.97.
109 real estate loans made during year, amounting to $635,950.

Dividends, Deposits and Withdrawals.
$106,062 03
107,470 07
1,061,680 93

Ordinary dividends declared during year: April, 1914, 2%
Oct,, 1914,2%
Number of deposits during year, 15,730, amounting to

$1,275,213 03
1,095,270 28

Number of withdrawals during year, 12,326, amounting to
Net increase in amount due depositors

.

.

.

.

$179,942 75

.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

^2^000 'Hatfield 4s
1,000 Plainfield 4s

$150,000 Massachusetts 3j4>s
100,000 Massachusetts 4s
25.000 Boston 4s
50.000 Cambridge 4s
61.000 Northampton 3b£s
50.000 Northampton 4s
55.000 Northampton 4Ys
50.000 Philadelphia, Pa., 4s
31.000 Springfield 4s
5,000 Hadley (W. S. D.) 4s

Railroad Bonds.
$50,000 Boston & Albany 4s
50.000 Boston & Maine 4s
25.000 Boston & Maine 4J4s
13.000 Burl. & Mo. River 6s
75.000 C., B. & Q. 3Y2s
50.000 C., B. & Q. 4s
50.000 Chic. & Northw. 3J4s
25.000 Chic. & Northw. 4s
50.000 Chic., R. I. & Pac. 4s
150.000 Fitchburg 4s
25.000 Fitchburg 4}/£s
76.000 Holyoke & Westfield 4Ms
100.000 Illinois Central 3J4s
100.000 L. Shore & Mich. So. 3Hs
100.000 Michigan Central 3J4s
50.000 Milwaukee, L. S. & W. 5s

Public Funds, Notes.
$14,000 Northampton 3.65%
13.000 Northampton 3.85%
10.000 Northampton 4s
2.000 Northampton 4Ms
2,500 Northampton 4b*is
5.000 Easthampton 4s

Par Value.
$100,000 N. York & N. E. 4s
215.000 N. Y „ N. H. & H. 4s
100.000 No. Maine Seaport 5s
80.000 Old Colony 4s
50.000 Providence & Wore. 4s
Street Railway Bonds,
$100,000 Boston Elevated 4)^s
50.000 Boston & Northern 4s
50.000 Old Colony 4s
25.000 West End 5s
Bank Stocks.
Shs.
15 Nl. Bk. of Commerce, Boston
20 Merchants Nl. Bk., Boston
50 Second Nl. Bk., Boston.
9 F'rst Nl. Bk., Northampton.
50 Northampton Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
11,956
1,817
796
620
184
150

Amount.
$191,622 73
148,995 44
124,029 08
220,540 67
128,778 58
159,178 24

15,523

$973,144 74

From women
From guardians
From religious and
table corporations .
From labor unions
In trust .
Totals

207 transfers, amounting to $88,536.19, not included in above table.

D ates

op

E x a m in a t io n ,


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

March 16, 17 inclusive.

No.
7,193
34

Amount.
$406,762 77
7,391 15

228
1
551

20,751 47
75 00
88,040 69

. 8,007

$523,021 08

[Pub. Doc.

R E PO R T OF THE

254

NORTH AVENUE SAVINGS BANK, CAMBRIDGE.
I960 MASSACHUSETTS AVENUE.
Incorporated March 7, 1872. Number of corporators, 27; number of trustees, 16.
C harles

F.

Stratton,

President.
W il l ia m

L.

M il t o n
H . G oodnow,

W alton,

Treasurer.

Clerk of the Corporation.

Board of Trustees: H . O. C u t t e r , E. L. G r u e b y , C. F. H a t h a w a y , W . L. H o o p e r , P h i n e a s H u b b a r b , W . E. H u t c h i n s , W . J. M a n d e l l , C. D . R i c e , F. E . S a n d s , A. P. S t o n e , C. F. S t r a t ­
t o n , E . B. S t r a t t o n , B. T . T h a y e r , S a m u e l U s h e r , M . L. W a l t o n , G . B. W a s o n .
Board of Investment: C. F.

Str a tto n ,

W . L.

H ooper,

W . E.

H u t c h in s ,

E. L.

G rueby,

C. D .

R ice .
Auditing Committee: C. F.

Stratto n ,

B.

T . T h a y e r , Sam u el U sh er.

Deposits draw interest from tenth day of January, April, July and October; dividends are payable
January 10 and July 10. Business hours: 8.30 a . m . to 1 p . m .; also Saturdays, from 6 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
566 loans on real estate (average of each, $3,276.53) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$1,859,815 00
.
.
.
5,300 00
----------------------26
loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $ 40,000; assessed value, $31,400)
.
.
Real estate by foreclosure, etc. (assessed value, $31,000) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................

$301,595 85
455,173 65
176,895 08
5,000 00
32,225 50
1,350 00
24,770 00
1,854,515 00
257,570 00
37,000 00
22,651 97
154 08
493 80
20,761 64
5,683 06

Total A s s e t s .......................................... $3,195,839 63

Liabilities.
Due depositors on 9,021 accounts, averaging $334.06 each
.
.
.
.
.
(Arcounts opened during year, 1,186; closed, 891; increase, 295)
Surplus; —
a. Guaranty fund (3.54% of deposits; increase during year, $7,600)
.
.
.
b. Profit and loss (increase during year, $6,700.74)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$12,606 01
Less current expenses not charged off
.
.
.
.
3,732 16
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
Bills payable
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$3,013,519 46
106,600 00
41,274 44

8,873 85
671 88
25,000 00
$3,195,839 63

Total Expenses for the Year, including State Taxes.
State Tax (Net).

Salaries.

Rent.

Advertising.

Other Expenses.

Amount paid for
$4,342.82 $6,406.83 $2,000.00
$305.18
$2,611.32
Cost per $1,000 of assets
1.36
2 .00
.62
.09
.81
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $144,260.28.


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

Total.
$15,666.15
4 .88
2 .90

No.

255

BANK COMMISSIONER
Rates on Investments and Loans (Average on All, 4.76%).

Real estate loans (average rate, 5.03 per cent.): 4J^%, $12,500; 5%, $1,744,665; 5Ms%> $74,600; 6%,
$22,750.
Personal loans (average rate, 4.78 per cent.): 4J^%, $137,500; 4 % % , $10,000; 4Ys%, $10,000; 5%,
$72,470; 5 A % , $25,000; 6%, $2,600.
Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3% , $16,000; ‘PA%, $225,600;
3M % , $5,000; 4%, $426,500; 4 ^ % , $155,000; 5%, $145,500; 6%, $39,100; 7%, $2,000.
Number of loans not over $3,000 each, 323, amounting to $583,505.
44 real estate loans made during year, amounting to $148,400.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 12,538, amounting to
.

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

Number of withdrawals during year, 8,312, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$53,481 67
56,186 26
639,021 17

.

$748,689 10
536,934 36

.

$211,754 74

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 Aroostook Co., Me., 4Mis
11.000 Boston 3M>s
5.000 Boston 4s
15.000 Brockton 4s
3.000 Cambridge 4s
7.000 Chicago, 111., 4s
5.000 Des Moines, la., 4s
5.000 Dubuque, la., 4s
6.000 Flint, Mich., 4Mis
1.000 Gloucester 4s
1.000 Holyoke 3MM
2.000 Johnstown, Pa., 3Mis
3.000 Kansas City, Mo., 4s
20.000 Kansas City, Mo., 4A&
6.000 Lynn 3Mis
25.000 Los Angeles, Cal., 4p£s
3.000 Milwaukee, Wis., 4s
10.000 New Bedford 4s
1.000 New London, Ct., 3)^s
5.000 Oakland, Cal., 4MM
5.000 Omaha, Neb., 4Mis
10.000 San Francisco, Cal., 5s
25.000 Seattle, Wash., 4Mis
1.000 Somerville 4s
2.000 Springfield 4s
4.000 Wilkes-Barre, Pa., 3MM
7.000 Andover 4s
2.000 Ipswich 4s
10.000Lincoln 3Mis
10.000 Mansfield 4s
9.000 Milford 4s
9,600 Palmer 3)^s
20.000 Revere 4s
7,500 Br. & Tops., Me. (W. D.), 4s
Public Funds, Notes.
$11,000 Chicopee 4s
5.000 Billerica 3.75%
14.000 Greenfield 3Mis

$10,000 Manchester 4s
5,000 Whitman 4s
Railroad Bonds.
$35,000 Atchison, Top. & San. Fe 4s
5.000 Boston & Albany 3As
10.000 Boston & Albany 5s
3.000 Boston & Lowell 3J^s
5.000 Boston & Lowell 4s
1.000 Boston & Maine 3p£s
29.000 Boston & Maine 4s
10.000 Boston & Maine 4p£s
10.000 Boyer Valley 3}^s
1.000 Bridgton & Saco R. 4s
27,800 Burl. & Mo. R. 6s
20.000 C., B. & Q. 3^s
5.000 C., B. & Q. 4s
3.000 C.,B. &Q.5s
20.000 Chic., Mil. & St. Paul 4p£s
2.000 Chic. & Northw. 5s
20.000 Chic., R. I. & Pac. 4s
10.000 Cleveland & Pitts. 3As
6.000 Concord & Montreal 4s
4.000 Connecticut River 3As
5.000 Dexter & Piscataquis 4s
5.000 Erie & Pittsburgh 3Mis
20.000 Fitchburg 3A s
36.000 Fitchburg 4s
3.000 Fitchburg 4A s
16.000 Illinois Central 3s
32.000 Illinois Central 3As
1.000 Iowa, Minn. & Northw. 3As
5.000 Louisville & Nashville 4s
10.000 Me. Cent. & E. & N. A. 4s
20.000 Michigan Central 4s
40.000 N. Y., N. H. & H. 3As
11.000 N. Y., N. H. & H. 4s
3.000 Old Colony 4s
1.000 Portland & Ogdens. 4J^s
5.000 Princeton & N. W. 3J^s
3,800 Republican Valley 6s

P$\r,0001Tarkio Valley 7s
10,000 Upper Coos 4s
5.000 Upper Coos 4As
6.000 Washington Co. 3As
Street Railway Bonds.
$10,000 Boston Elevated 5s
15.000 Boston & Northern 4s
1.000 Brockton 5s
11.000 Brock., Bridg. & Taunton 5s
4.000 Brockton & E. Bridgew. 5s
4.000 Boston, Milton & Brock. 5s
11.000 Citizens Electric 5s
2.000 E. Middlesex 4s
1.000 Fitch. & Leominster 5s
17.000 George., Row. & Ips. 5s
1.000 Glouc., Essex & Beverly 5s
1.000 Leomin., Shirley & Ayer 5s
12.000 Lowell, Law. & Haver. 5s
12.000 Lynn & Boston 5s
1.000 Marlboro’ & Westboro’ 5s
2,500 Mystic Valley 5s
4.000 Old Colony 4s
1.000 Peoples 5s
4.000 Providence & Taunton 5s
4.000 South Shore & Boston 5s
3.000 Springfield & Eastern 5s
3.000 Taunton & Brockton 5s
4.000 Wakefield & Stoneham 5s
13.000 West End 4s
20.000 West End 4As
7.000 West End 5s
1.000 Western Mass. 5s
1.000 Wore. & Clinton 5s
5.000 Wore. Consolidated 4MM
4.000 Wore. & Southbridge 4As
Bank Stocks.
Shs.
15 First Nl. Bk., Marlborough

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
12

.
.
.
.

No.
10,176
1,305
493
364
92
96

Amount.
$167,554 14
102,975 22
73,608 23
127,355 36
65,213 06
96,690 37

12,526

$633,396 38

No.
6,631
From women
18
From guardians
From religious and ehari101
table corporations .
489
In trust .
.
.
.

Amount.
$333,323 14
1,999 16

7,239

$377,063 54

Totals

transfers, amounting to $5,624.79, not included in above table.
D ates

of

E x a m in a t io n ,


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

February 16, 17.

10,867 26
30,873 98

256

REPORT OF THE

[Pub. Doc.

NORTH BROOKFIELD SAVINGS BANK, NORTH BROOKFIELD.
SUMMER STREET.
Incorporated February 28, 1854.
G eorge

R . H am ant,

Number of corporators, 37; number of trustees, 14.

President.
M a u r ic e

A rthur
A . L ongley,

C . B l is s ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: F . S . B a r t l e t t , H. P. B a r t l e t t , E. D . B a t c h e l l e r , A . C. B l i s 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 i c h a r d s , A . G. S t o n e .
Board of Investment: G.

R . H a m a n t, Su m n er H o lm es,

Auditing Committee: T. G.

R ic h a r d s ,

H. T .

G.

R . D oane, H . T . M aynard.

H. P.

M aynard,

B artlett.

Deposits draw interest from third day of January, April, July and October; dividends are payable
January 3 and July 3. Business hours: 9 a . m . to 1 p . m . ; 2 to 4 p .m . ; Saturdays, 9 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
268 loans on real estate (.average of each, $1,662.89) .
Less amount due on uncompleted loans .
.
.

.

.
.

.
.
.
.
.

.

.

.
.
.
.
.
.

.
.
•
.
.
.
.
.
.
$446,155 00
500 00

.
.
.
.
.
.

.

.
.
.

2 loans on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $10,000; assessed value, $10,000)
Real estate by foreclosure, etc. (assessed value, $5,325)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$80,500
144,000
59,215
12,636
2,600

00
00
00
25
00

445,655
540
4,000
5,277
3,809
1,960

00
00
00
40
22
58

$760,193 45

Liabilities.
Due depositors on 2,072 accounts, averaging $327.01 each
.
.
.
.
.
(Accounts opened during year, 165; closed, 127; increase, 38)
Surplus: —
a. Guaranty fund (5.83% of deposits; increase during year, none)
b. Profit and loss (increase during year, $5,582.63)
.
.
.
.
.
.
Current income: —
I n t e r e s t ............................................................................................... $13,768 97
Less current expenses not charged off
.
.
.
.
1,216 94

$677,569 42
39,500 00
30,572 00

12,552 03
Total Liabilities

.

.

.

.

.

$760,193 45

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$949.90 $1,355.75
Cost per $1,000 of assets
1.25
1.78
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $36,215.15.


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

Advertising. Other Expenses.
Total.
$40.75
$522.76
$2,869.16
.05
.69
3.77
2.52

257

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 5%).
Real estate loans (average rate, 5.30 per cent.): 5%, $207,200; 5M%, $208,005; 6%, $30,450.
Personal loans (average rate, 6 per cent.): 6%, $540.
Bonds, stocks, etc. (average rate on amounts invested, 4.56 per cent.): 3M%> $18,000; 4%, $108,500;

4M%, $50,000; 5%, $117,400; 7%, $5,000; 8%, $1,800.

Number of loans not over $3,000 each, 216, amounting to $215,645.
17 real estate loans made during year, amounting to $47,700.

Dividends, Deposits and Withdrawals.
$12,756 14
12,989 00
91,577 14

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 1,410, amounting to

Number of withdrawals during year, 1,471, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$117,322 28
93,463 26

.

$23,859 02

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$18,000 Dayton, 0., 5s
10.000 Kansas City, Mo., 4Ms
10.000 North Brookfield 4s
10,500 Plainville 4s
10.000 San Francisco, Cal., 5s
4,000 Stamford, Ct., 4s

Public Funds, Notes.
$18,000 North Brookfield 3Ms

Railroad Bonds.
Par Value.
$17,000 Bangor & Aroostook 5s
20.000 Boston & Maine 4s
15.000 Concord & Montreal 4s
5.000 Delaware & Hudson 7s
5.000 Fitchburg 5s
20.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
5.000 Old Colony 4s
10.000 Ports., Gt. F. & Con. 4Ms
12.000 Home, Water. & Ogdens. 5s
10.000 Upper Coos 4Ms

Street Railway Bonds.
$20,000 Boston Elevated 4Ms
10.000 Boston & Northern 4s
7,0.00 Lowell, Law. & Hav. 5s
8.000 Lynn & Boston 5s
10.000 Springfield & Eastern 5s
5.000 Worcester Consolidated 5s
Bank Stocks.
Shs.
10 Eliot Nl. Bk., Boston
18 Spencer Nl. Bk., Spencer
4 Ware Nl. Bank

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

D ate

of

No.
. 1,082
158
80
56
23
11

Amount.
$20,825 45
12,773 13
12,364 05
19,591 55
15,022 96
11,000 00

. 1,410

$91,577 14

E x a m in a t io n ,


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

M ay 25.

From women
From guardians
From religious and charitable corporations .
From labor unions
In trust .
.
.
.
Totals*

No.
699
3

Amount.
$42,516 48
2,518 67

12
13
6

1,045 41
261 25
455 00

733

$46,796 81

REPORT OF THE

258

[Pub. Doc.

NORTH EASTON SAVINGS BANK, NORTH EASTON.
M AIN STREET.
Incorporated February 8, 1864.

W il l ia m

H.

A m es,

Number of corporators, 26; number of trustees, 15.

President.
L o ren zo

W .

H.

A m es, F . L . A m es,

G. E .
Auditing Committee: F. L.

A m es,

J. M .

F ie l d ,

Treasurer.

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
l e y , 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 .
J. B. K i n g , G. E . S h e p a r d , J. M . W i l l i a m s .
Board of Investment:

R.

C hester
B. C rockett,

m es,

Oak es A m es, W . H . A m es, D . F . B u ckW . F r e n c h , E d w in G il m o r e , W . K. G o w a r d ,

H. W . F r e n c h , W . K . G o w a r d , E d w i n
Sh e p a r d .

W il l ia m s ,

D . F.

G il m o r e ,

B uckley.

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 12 m .; 1.30 to 3 P .M .; Saturdays, 9 a . m . to
12 M.
STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
413 loans on real estate (average of each, $2,395.61) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.

.
.

.
.
.
.
.
.
.

.

.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
$990,629 58
1,285 50

.
.

.

51 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed
Real estate b y foreclosure, etc. (assessed value, $25,425) .
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.
.
Total Assets

.
.
.
.
.
.

.
.
.
.
value, $2.5,000)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.

$60,000
362,386
220,534
5,000
43,173
14,760
16,827

00
81
89
00
61
00
50

.
.
.
.

989,344
703,200
25,217
30,531
40
41,646
5,860

08
00
38
83
00
66
95

.

$2,518,523 71

.

Liabilities.
Due depositors on 4,486 accounts, averaging $528.55 each
.
.
.
.
.
(Accounts opened during year, 311; closed, 331; decrease, 20)
Surplus: —■
a. Guaranty fund (4-99% of deposits; increase during year, $2,485.32) .
.
.
b. Profit and loss (decrease during year, $4,494-09)
.
.
.
.
.
.
Current income: —
Interest
.
.....................................................................................$9,084 82
Less current expenses not charged off
.
.
.
.
289 71
---------------------- -


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

Total Liabilities .

$2,371,078 44
118,487 75
20,162 41

8,795 11

. $2,518,523 71

259

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Am ount paid for
$5,837.15
$3,385.00
$575.00
C ost per $1,000 of assets
2.31
1.34
.22
C ost per $1,000 of assets not including State tax and rent .
.
.

Other Expenses.
Total.
$998.29
$10,795.44
.39
4 .2 6
.
.
.
1-73

Gross income received during the year, $129,186.32.

Rates on Investments and Loans (Average on All, 5.01%).
Real estate loans (average rate, 5.24 per cent.): 4 $ 6 , 5 0 0 ; 5%, $616,387.50; 5J^%, $241,861.25;
Go? $124,595.33.
Personal loans (average rate, 5.44 per cent.): 4%%., $69,500; 4 ^ % , $152,000; 5%, $92,300; 5M%>
$4,000; 53^%, $130,400; b% % , $55,000; 6%, $50,000; 6M % . $10,000;
$130,000; 7%,
Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3%, $25,000; 3J^%, $113,000;
4%, $405,000; 4 ^ % , $120,000; 5%, $64,800; 6%, $10,000; 10%, $7,500.
Number of loans not over $3,000 each, 316, amounting to $445,090.30.
9 real estate loans made during year, amounting to $22,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 2,176, amounting to
.

.

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

$46,151 86
46,194 40
209,377 06
$301,723 32
280,250 54

Number of withdrawals during year, 2,665, amounting to

$21,472 78

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 San Francisco, Cal., 5s
5.000 Syracuse, N. Y., 4s
5.000 Randolph 4s
30,000 No. Easton (Vi!. Dist.) 4s
Public Funds, Notes.
$10,000 Revere 6s
Railroad Bonds.
$35,000 Boston & Albany 4s
8,000 Boston & Lowell 3p£s
20.000 Boston & Maine 3Hs
35.000 Boston & Maine 43^s

Par Value.
$35,000 C., B. & Q. 3^s
25.000 Chicago & Northw. 4s
20.000 Concord & Montreal 4s
5.000 Dexter & Piscataquis 4s
10.000 Fitchburg 3)^s
20.000 Fitchburg 4s
10.000 Fitchburg 4p£s
25.000 Illinois Central 3s
15.000 Illinois Central 3J^s
10.000 Illinois Central 4s
20.000 N. Y., N. H. & H. 3'As
35.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
15.000 Old Colony 4s
5.000 Portland & R. Falls 4s
11.000 Providence Terminal Co. 4s

Street Railway Bonds.
$75,000 Boston Elevated 4}^s
88.000 Boston & Northern 4s
25.000 Old Colony 4s
25.000 West End 4s
20.000 West End 5s

Bank Stocks.
Shs.
75 Nl. Shawmut Bk., Boston
38 Bristol Co. Nl. Bk., Taunton

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
39

No.
. 1,483
.
339
133
.
112
35
35

Amount.
$30,612 11
27,936 29
20,300 70
40,145 05
26,478 86
35,000 00

. 2,137

$180,473 01

No.
1,012
From women
From guardians
3
From religious and chari38
table corporations .
6
In trust .
.
.
.

Amount.
$71,751 85
105 00

1,059

$76,824 33

Totals

transfers, amounting to $28,904.05, not included in above table.
D ates

of

E xamination , February 4 -6 inclusive.


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

2,717 48
2,250 00

260

REPO RT OF THE

[Pub. Doc.

NORTH END SAVINGS BANK, BOSTON.
57 COURT STREET.
Incorporated February 17, 1870. Number of corporators, 28; number of trustees, 14.

W illiam G. Shillaber, President.
F rank E. B uxton, Treasurer.
E dwin A. B ayley, Clerk of the Corporation.
Board of Trustees: E. A. Bayley , C. G. B urgess, J. T . B urnett, F. E. B uxton, C. E. N oyes, I.
E. N oyes, W. F. R obinson, C. P. Shillaber , W. G. Shillaber , S. F. Squires, F. H . Viaux ,
M . P. W hite, A. M . W iggin, C. E . W iggin.
Board of Investment: W - G. Shillaber , C. E. W iggin, C. E. N oyes, J. T . B urnett, S. F. Squires.
Auditing Committee: C. G. B urgess, J. T . B urnett, A. M. W iggin.
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 2 p . m . ; also Saturdays, for deposits only, from
2 until 8 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds, .
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
..
.
.
554 loans on real estate (average of each, $5,668.61) .
.
.
.
.
.
.
58 loans on personal security
.
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $81,100)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................

$131,253 90
599,704 00
44,325 00
215,660 00
91,220 00
3,140,407 80
1,975,220 00
62,145 28
250,568 13
5,733 82

Total A s s e t s .......................................... $6,516,237 93

Liabilities.
Due depositors on 13,297 accounts, averaging $454.34 each)
.
.
.
(Accounts opened during year, 1,828; closed, 1,243; increase, 85)
Surplus: —
a. Guaranty fund (4.30% of deposits; increase during year, $16,000)
b. Profit and loss (increase during year, $20,594-75) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

.

$6,041,399 95

.

260,000 00
183,499 43

$38,397 49
7,058 94
31,338 55

Total Liabilities

.

.

.

.

.

$6,516,237 93

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$11,895.76 $13,769.01 $5,500.00
$4,996.85 $36,161.62
Cost per $1,000 of assets
1.82
2.11
.84
.77
5.54
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.88
Gross income received during the year, $295,316.36.


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

261

BANK COMMISSIONER,

No. 8.]

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.86 per cent.): 4%, $82,000; 4M % . $221,500; 4M % , $499,987.80; 5%,
$2,247,420; 5M % , $46,550; 6%, $42,950.
Personal loans (average rate, 4.75 per cent.): 4%, $520; 4)4% , $226,000; 4)4% , $962,350; 4M % ,
$80,000; 5%, $377,200; 5M % . $125,000; 5)4% , $109,500; 6%, $94,650.
Bonds, stocks, etc. (average rate on amounts invested, 3.82 per cent.): 3%, $25,000; 3)4% , $515,000;
3 % % , $5,000; 4%, $510,000; 4M % , $15,000; 7%, $20,000.
Number of loans not over $3,000 each, 318, amounting to $542,790.
36 real estate loans made during year, amounting to $153,200.

Dividends, Deposits and Withdrawals.
$112,518 46
115,283 44
1,087,688 61

Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 13,680, amounting to

Number of withdrawals during year, 11,403, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$1,315,490 51
1,130,419 05
.

$185,071 46

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Albany, N. Y., 4Ms
50.000 Boston 3)4s
10.000 Mansfield (W. D.) 4s
Public Funds, Notes.
$5,000 Gloucester 3Ms
40.000 Lowell 4s
10.000 Southborough 3J4s

Railroad Bonds.
Par Value.
$25,000 Boston & Maine 3)4s
75.000 C., B. & Q. 3)4s
25.000 Concord & Montreal 4s
25.000 Erie & Pittsburgh 3)4s
145,000 Fitchburg 4s
25.000 Illinois Central 3s
25.000 Illinois Central 3)4s
50.000 Michigan Central 3Ms
50.000 N. Y., N. H. & H. 3)4s

^$25JTO0 N. Y., N. H. & H. 4s
40.000 Penobscot Shore Line 4s
50.000 Portland Terminal Co. 4s
20.000 Troy & Boston 7s
25.000 Upper Coos 4s

Street Railway Bonds.
$50,000 Boston & Northern 4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.

.

.
.
.
.

No.
10,114
1,619
849
615
218
265

Amount.
$177,860 81
130,125 68
131,218 66
218,727 37
156,902 83
272,853 26

. 13,680 $1,087,688 61

D a t e s oe E x a m in a t i o n , February 2, 3.


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

No.
. 3,929
From women
From guardians
49
From religious and chari147
table corporations
9
From labor unions
. 1,160
In trust

Amount.
$334,555 62
11,772 32

. 5,294

$486,306 98

Totals

30,850 90
412 95
108,715 19

262

[Pub. Doc.

REPORT OF THE

NORTH MIDDLESEX SAVINGS BANK, AYER.
M AIN STREET.
Incorporated March 5, 1885.

Number of corporators, 35; number of trustees, 20.

D aniel W. F letcher, President.
Sarah T. T uten , Treasurer.
E dward A. R ichardson, Clerk of the Corporation.
Board of Trustees: W . H. A nnis , E ugene B arry , G. H. B ixby , W . H. Fairbank , D . W . F letcher,
H oward F uller, T. L. Hazen , D . G. H oughton, H. E. M ead, F. A. Patch, O. K. P ierce,
E. A. R ichardson, W . U. Sherwin , W aldo Spaulding, E. D . Stone, B enjamin T aft , P eter
T arbell, H. B. W hite, F rederick W hitney, C. F. W orcester.
Board of Investment: D . W . F letcher, F. A. Patch, H. B. W hite, O. K . Pierce, P eter T arbell .
Auditing Committee: W . U. Sherwin , W . H . Fairbank , E . A . R ichardson.
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 5 and July 5. Business hours: 9 to 11 a .m.; 12.30 to 3 p .m.; Saturdays, 8 a .m. to 1 p .m.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
392 loans on real estate (average of each, SI,567.72) .
.
.
.
.
.
.
49 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $36,500; assessed value, $29,800)
.
Real estate, by foreclosure, etc. (assessed value, $5,050)
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.

.

$209,100 00
229,450 00
74,275 00
50,000 00
23,250 00
18,388 89
4,000 00
614,546 84
208,844 25
35,000 00
4,450 99
314 68
2,794 11
837 46

. $1,475,252 22

Liabilities.
Due depositors on 4,774 accounts, averaging $289.50 each
(Accounts opened during year, 528; closed, 397; increase, 131)
Surplus: —
a. Guaranty fund (3.96% of deposits; increase during year, $3,550)
b. Profit and loss (increase during year, $2,003.59)
Current income: —
a. Interest .
.
.
.
.
.
.
$12,890 94
b. R ent
.
.
.
.
.
.
.
477 74
c. Miscellaneous .
.
.
.
.
.
10 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

.
.

.

$1,382,069 33
54,700 00
27,068 36

$13,379 38

$1,422 49
542 36

Total Liabilities

.

1,964 85
-------------

11,414 53

.

$1,475,252 22

No. 8.]

BANK COMMISSIONER.

263

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$2,907.73 $3,444.00
$500.00
$888.04
$7,739.77
Cost per $1,000 of assets
1.97
2 .33
.34
—
.60
5.24
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.93
Gross income received during the year, $68,307.47.

Rates on Investments and Loans (Average on All, 4.58%).
Real estate loans (average rate, 5 per cent.): 4%, $6,000; 4 % % , $17,100; 5%, $506,363.84; 544% ,
$9,166: 6%, $65,417.
Personal loans (average rate, 5.22 per cent.): 5%, $152,359.25; 54£%, $21,575; 6%, $34,910.
Bonds, stocks, etc. (average rate on amounts invested, 3.94 per cent.): 3%, $10,000; 33^%, $229,900;
3]/s% , $7,500; 4%, $282,700; 4J^%, $40,000; 5%, $24,000; 6%, $500; 8%, $6,500; 10%, $5,000.
Number of loans not over $3,000 each, 392, amounting to $462,036.84.
28 real estate loans made during year, amounting to $34,355.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 3,916, amounting to

$25,881 05
26,406 95
216,491 98

Number of withdrawals during year, 3,106, amounting to

$268,779 98
243,212 23

Net increase in amount due depositors

.

.

.

.

.

.

.

.

$25,567 75

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts
32.000 Boston 3)^s
1.000 Fitchburg 4s
5.000 Marlborough 4s
15.000 Springfield 3Jdis
9.000 Hudson 4s
5.000 Walpole 4s

3^28

Public Funds, Notes.
$22,200 Ayer 4s
7,500 Groton 3J^s
12,500 Groton 4s
32.000 Pepperell 4s
4,000 Shirley 3Ks
17.000 Townsend 4s
36,900 Shirley (Vil. W. D.) 3J^s

Railroad Bonds.
Par Value.
$10,000 Bangor & Aroostook 5s
10.000 Boston & Albany 34£s
5.000 Boston & Lowell 4s
5.000 Boston & Maine 4s
15.000 Boston & Maine 44£s
5.000 B., Revere B. & Lynn 4%s
12.000 C., B. & Q. 3^s
20.000 C., B. & Q. 4s
15.000 Cleve. & Pittsburgh 3J^s
5.000 Connecticut River 3)^s
15.000 Fitchburg 34£s
18.000 Fitchburg 4s
10.000 Illinois Central 3s
10.000 Illinois Central 3}4s
5.000 Illinois Central 4s
10.000 Mil., L. S. & W. 5s
10.000 N. Y. C. & H. R. 3Ks
5.000 N. Y., N. H. & H. 3^s
30.000 N. Y „ N. H. & H. 4s
6.000 Old Colony 4s

Par Value.
$5,000 Sioux City and Pacific 346s
5,000 Wore., Nash, and Roch. 4s
Street Railway Bonds.
$30,000 Boston Elevated 4s
15.000 Boston Elevated 4)4>s
10.000 Boston & Northern 4s
15.000 West End 4s
5,000 Worcester Con. 4J^s
Bank Stocks.
Shs.
40 First Nl. Bk., Ayer
5 Commercial Nl. Bk., Boston
10 Eliot Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
28 Nl. Shawmut Bk., Boston
5 Peoples Nl. Bk., Boston
32 Merchants Nl. Bk., Worcester

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 3,133
.
407
176
129
43
28

Amount.
$49,834 63
33,413 52
28,245 48
46,323 47
30,674 88
28,000 00

. 3,916

$216,491 98

No.
From women
1,826
From guardians
5
From religious and charitable corporations .
17
In trust .
.
.
.
34
Totals

Totals

D ates op E xamination, February 5, 6.


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

1,882

Amount.
$95,807 21
84 25
1,232 90
3,606 46
$100,730 82

264

REPORT OF THE

[Pub. Doc.

ORANGE SAVINGS BANK, ORANGE.
11
Incorporated March 31, 1871.

WEST M AIN STREET.
Number of corporators, 28; number of trustees, 11.

A delbert W. B allou, President.
G eorge W. A ndrews, Treasurer.
T . W esley B ridge, Clerk of the Corporation.
Board of Trustees: G. W. A ndrews, A. W. B allou, T. W. B ridge, E . M. B uell, H. S. D awley ,
F. A. D exter , A. J. F isher, H. C. Gates, C. E. G ibbs, A. L. Johnson, F. D . K ellogg.
Board of Investment: A. W . B allou, A. J. F isher, E. M . B uell.
* Auditing Committee: A. J. F isher, F. D . K ellogg.
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 3 p .m.; Saturdays, 9 a .m. to 12.30 p .m.

STATEM ENT OF CONDITION. OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
352 loans on real estate (average of each, $¿.,089.08) .
.
.
.
.
.
64 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $10,200)
Deposits in national banks or trust companies
.
.
.
.
.
.
Gash and cash items
.
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.
.
.
.
.

.
.

$242,512 50
484,496 25
64,637 50
10.000 00
36,062 50
18,700 00
25,000 00
1,439,356 00
108,305 70
17,500 00
3,647 66
951 70

.

$2,451,169 81

.

.
.
.
.

.

.

.

Liabilities.
Due depositors on 6,158 accounts, averaging $364.56 each
.
.
.
.
.
$2,245,001 86
( Accounts opened during year, 469; closed, 485; decrease, 16)
Surplus: —
a. Guaranty fund (5.08% of deposits; increase during year, $2,714)
■
.
•
114,014 00
b. Profit and loss (increase during year, $12,656.76) .
.
.
.
.
.
70,729 18
Current income: —
a. Interest .
.
.
.
.
.
.
$22,356 36
b. R e n t ...............................................................
498 85
----------------------$22,855 21
Less current expenses not charged off
.
.
.
.
1,430 44
----------------------21,424 77
Total Liabilities

.

.

.

.

.

$2,451,169 81

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$3,450.27 $4,435.47
$600.00
$66.50
$1,014.30
$9,566.54
Cost per $1,000 of assets
1.41
1.81
.24
.03
.41
3 .90
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .2 5
Gross income received during the year, $114,487.62.


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

* One vacancy, caused b y death.

265

BANK COMMISSIONER

No. 8.]

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5 per cen t.): 4J^%, $38,700; 5%, $1,376,538; 5}4% , $7,300; 6%, $16,818.
Personal loans (average rate, 5.19 per cent.): 4J^%, $5,000; 4 % % , $5,000; 5%, $68,220; 5)^% ,
$10,630.70; 6%, $19,455.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 314%, $226,000; 4%, $435,000;
4 V2% , $93,000; 4M % , $2,000; 5%, $108,300; 6%, $15,000; 8%, $2,800; 10%, $11,600.
Number of loans not over $3,000 each, 306, amounting to $286,911.
31 real estate loans made during year, amounting to $152,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1914, 2%
.
Aug., 1914, 2 %
Number of deposits during year, 3,947, amounting to
.

.

Number of withdrawals during year, 4,439, amounting to
Net increase in amount due depositors

.

.

.

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

‘.
.

.
.

.
.

.
.

.
.

$43,294 51
44,080 32
254,038 82
$341,413 65
329,514 07
$11,899 58

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$10,000 Baltimore, Md., 4s
25.000 Boston 4s
30.000 Chicago, 111., 4s
5.000 Dayton, O., 5s
4.000 Fall River 4J4s
5.000 Kansas City, Mo., 4}4s
10.000 La Crosse, Wis., 4s
1.000 Lawrence 4s
10.000 Lynn 3}4s
11.000 Lynn 4s
12.000 New Bedford 4s
5.000 New Britain, Ct., 4s
5.000 Newton 4s
10.000 San Francisco, Cal., 5s
10.000 Sioux City, la., 4}4a
10.000 Superior, Wis., 4}4a
5.000 Waterville, Me., 4s
5.000 Woonsocket, R. I., 4s
4.000 Dedham 3}4s
3.000 Plainfield, Ct., 4s
6.000 Southborough 4s
8.000 Westfield 3}4s
12.000 Shelburne Falls (F. D.) 4s
5.000 W. & S. Acton (W. D.) 4s

Public Funds, Notes.
Par Value.
$3,000 Erving 4s
2.000 New Salem 4s
4.000 Orange 4s
14,500 Orange 4}4s
2.000 Orange 4%a
1,500 Prescott 4)4>s
2.000 Stoneham 4s
3.000 Warwick, R. I., 5s
Railroad Bonds.
$22,000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
10.000 Boston & Lowell 4s
20.000 Boston & Maine 3}4a
15.000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
10.000 Boston, R. B. & L. 4)4a
36.000 C., B. & Q. 3^s
44.000 C., B. & Q. 4s
10.000 Connecticut River 4s
35.000 Delaware & Hudson Co. 4s
43.000 Fitchburg 4s
5,000 Fitchburg 5s
70.000 Illinois Central 3J^s

$54,000N’. Y., N. H. & H. 3Hs
30.000 N. Y., N. H. & H. 4s
35.000 No. Maine Seaport 5s
17.000 Old Colony 4s
14.000 Washington Co. 3}4s
Street Railway Bonds.
$6,000 Athol & Orange 5s
20.000 Boston Elevated 4}4s
5.000 Boston Elevated 5s
15.000 Boston & Northern 4s
1.000 Holyoke 5s
5.000 Mystic Valley 5s
10.000 Old Colony 4s
5.000 Worcester & Southbridge 4J^s
Bank Stocks.
Shs.
6 Millers River Nl. Bk., Athol
20 First Ward Nl. Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
43 Franklin Co, Tr. Co., Greenfield
100 Orange Nl. Bk.
10 Third Nl. Bk., Springfield

Classification of Deposits received during the Year ending October 31, 1914.
O f $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 3,075
.
436
.
174
139
50
45

Amount.
$48,796 11
36,105 19
26,721 38
52,255 62
35,586 63
45,000 00

. 3,919

$244,464 93

No.
From women
. 1,650
From guardians
8
From religious and cbari46
table corporations
77
In trust .
Totals

28 transfers, amounting to $9,573.89, not included in above table.

D ates of E xamination, June 8, 9.


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

. 1,781

Amount.
$101,118 94
1,472 50
3,341 52
5,137 91
$111,070 87

266

REPORT OF THE

[Pub. Doc.

PALMER SAVINGS BANK, PALMER.
435 M AIN STREET.
Incorporated March 4, 1870.

11. C. N ewell, President.

Number of corporators, 48; number of trustees, 16.

Charles L. W aid , Treasurer.
C harles A. T abor, Clerk of the Corporation.

Board of Trustees: H. E . W. C lark, M. J. D illon, J. F. F oley, C. E. F uller, J. O. H amilton, E .
E . H obson, G. S. H olden, L. R . H olden, C. A. L eG ro, G. D. M ooers, R . C. N ewell, C. F.
Smith, W . E. Stone, C. A. T abor , E. B. T aylor , C. L. W aid .
Board of Investment: W . E. Stone, H. E . W . C lark, C. F. Smith, E. E . H obson.
Auditing Committee: W . E . Stone, E. B. T aylor, C. A . L e G ro.
Deposits draw interest from first day of January, April, July and O ctober; 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 Fridays,
7.30 to 9 p . m .

STATEMENT OF

CONDITION, OCTOBER

31, 1914.

Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
697 loans on real estate (average of each, $2,793.18) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.
.
.
.
.
.
$1,955,161 00
8,308 99

70 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $55,300; assessed value, $46,280)
Real estate by foreclosure, etc. (assessed value, $3,500)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$252,260
473,375
39,275
36,425
10,900

00
00
00
00
00

1,946,852
218,144
51,200
4,536
133,218
8,026

01
00
00
13
52
56

$3,174,212 22

Liabilities.
Due depositors on 7,199 accounts, averaging $411.58 each
.
.
.
.
.
CAccounts opened during year, 1,131; closed, 999; increase, 132)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $4,114.70) .
.
.
b. Profit and loss (increase during year, $13,269.36) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$14,200 79
b. R e n t ................................................................
683 97
-------------------- -$14,884 76
Less current expenses not charged off
.
.
.
.
3,444 65
----------------------Suspense account
.
.
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities

.

$2,962,989 39
148,582 49
51,062 37

11,440 11
137 86

. $3,174,212 22

267

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Rent. Advertising. Other Expenses. Total.
State Tax (Net). Salaries.
$2,397.69 $14,977.53
Amount paid for
$4,251.58 $7,098.30
$000.00
$629.96
.75
4 .7 0
Cost per $1,000 of assets
1.33
2.23
.19
.20
3.18
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $148,899.17.

Rates on Investments and Loans (Average on All, 4.91%).
Real estate loans (average rate, 5.01 per cent.): 5%, $1,910,790.01; 5)^% , $12,564; 6%, $23,298; 6J^%,
$200
Personal loans (average rate, 5.38 per cent.): 4J^%, $25,000; 5%, $88,001; 5J4%> $25,000; 5J^%,
$6,556; 6%, $48,587; 6J^%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.53 per cent.): 3%, $35,000; 3 K % , $25,000;
4%, $385,000; 4 M % , $6,450; 4 ^ % , $92,000; 5%, $195,810; 6%, $51,100; 7%, $20,000; 8% ,
$9,S00.
Number of loans not over $3,000 each, 572, amounting to $712,933.01.
79 real estate loans made during year, amounting to $174,094.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2 %
Number of deposits during year, 8,853, amounting to
.

.

Number of withdrawals during year, 5,327, amounting to
Net increase in amount due depositors

.

.

.

.
.
.
.
.
.......................................... 0
.
.
.
.

.

.
.

.
.

.
.

$55,411 87
56,981 76
529,573 47

.

$641,967 10
546,249 01

.

$95,718 09

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Boston 4s
30.000 Chelsea 4s
45.000 Chicago, 111., 4s
15.000 Dubuque, la., 4s
17.000 Everett 4s
18.000 Milwaukee, Wis., 4s
12.000 Milwaukee, Wis., 4}^s
10.000 Omaha, Neb., 4)^s
16.000 Quincy 4s
10.000 San Francisco, Cal., 5s
20.000 Springfield, Mo., 5s
10.000 Springfield, 0., 5s
10.000 Waterbury, Ct., 4s
4,000 Monson 4s
Public Funds, Notes.
$1,650 Palmer 4J^s
3,810 Palmer 5s
4,800 Three Rivers (F. D.) 4)^s

Railroad Bonds.
Par Value.
$25,000 Beech Creek 4s
10.000 Boston & Lowell 4)^s
15.000 Boston & Maine 4b¿s
15.000 Cedar Rapids & Mo. R. 7s
45.000 C., B. & Q. 4s
15.000 Chic., Mil. & St. Paul 5s
10.000 Chic., Mil. & St. Paul 6s
5.000 Chic. & Northwestern 7s
10.000 Chic., St. P., Minn. & 0. 6s
10.000 Concord & Montreal 4s
20.000 Fitchburg 5s
35.000 Illinois Central 3s
25.000 Illinois Central 33^s
50.000 Illinois Central 4s
35.000 Louisville & Nashville 5s
25.000 Mich. Central 5s
15.000 Mil., L. S. & Western 5s]
12.000 Montana Central 5s
5.000 N. Y., Lackawanna & W. 6s
10.000 N. Y., N. H. & H. 4s

Par Value.
$10,000 No. Maine Seaport 5s
25.000 Portland & Ogdens. 4)^s
10.000 Rome, Watertown & Og. 5s
10.000 St. Paul, Minn. & Man. 6s
5.000 St. Paul & Northern Pac. 6s
10.000 St. Paul & Sioux City 6s
5.000 Upper Coos 4s
10.000 Vermont Valley
Street Railway Bonds.
$10,000 Boston Elevated 4)^s
10.000 Boston & Northern 4s
10.000 West End 4s
10.000 West End 5s
Bank Stocks.
Shs.
11 Monson Nl. Bk.
98 Palmer Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 7,011
909
.
324
264
83
67

Amount.
$95,175 14
77,108 42
52,669 15
94,690 29
57,401 20
71,800 00

. 8,658

$448,844 20

No.
From women
. 2,876
From guardians
15
From religious and charitable corporations
74
In trust .
747
Totals

Totals

195 transfers, amounting to $80,729.27, not included in above table.

D ates of E xamination and A udit, September 21-O ctober 7 inclusive.


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

. 3,712

Amount.
$124,587 04
1,572 65
14,246 04
67,661 19
$208,066 92

268

REPO RT OF THE

[Pub. Doc.

PENTUCKET SAVINGS BANK, HAVERHILL.
42 W ASHINGTON STREET.
Incorporated March 17, 1891.
J oseph

W.

V it t u m ,

Number of corporators, 25; number of trustees, 14.

President.

H enry

H . Ivan

H all,

Board of Trustees: G. F. C a r l e t o n , G. H . C a r l e t o n , W . G.
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
J. H . S a y w a r d , I . F. S l e e p e r , J. W . V i t t u m .
Board of Investment: J. W .
Auditing Committee: I. F.

«

V it t u m ,

Sleeper,

G. H.
D. C.

B.

G eorge,

Treasurer.

Clerk of the Corporation.

C arleton,

H unt,

C ogsw ell,
L a h e y , J.

G. F.

W . G.

G. W . D o b b i n s , J. W . H a r r i s ,
F. N i c h o l s , F. W . P e a b o d y ,

C arleton,

J. W .

H a r r is ,

D . C.

H unt.

C ogsw ell.

Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay­
able the first W ednesday of February and August. Business hours: 9 a . m . to 2 p . m . ; Saturdays,
9 a . m . to 12.30 P .M .

STATEMENT OF CONDITION, OCTOBER 31. 1914.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
361 loans on real estate (average of each, $3,625.81) .
.
.
Less amount due on uncompleted loans .
.
.
.
.

.
.

.
.
".

.
.
.

.
.
.

.

860,850 00
196,293 79
34.350 00

.
.

10,000 00

.

.
81,309,457 77
538 30

32 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $25,000; assessed value, $26,700)
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
Total Assets

31,212 50
9,300 00
1,308,919
312,214
25,000
72,152
1,685

47
80
00
93
99

' .......................................... $2,061,979 48

Liabilities.
Due depositors on 4,450 accounts, averaging $439.49 each
( Accounts opened during year, 667; closed, 580; increase, 87)
Surplus: —
a. Guaranty fund (2.82% of deposits; increase during year, $4,829)
b. Profit and loss (increase during year, $9,545.91)
Current income: —
Interest
.
.
.
.
Less current expenses not charged off
.
.
.
.
Total Liabilities

.

$1,955,737 27
55,219 55
46,311 81

$5,984 33
1,273 48
----------------

.

4,710 85

. $2,061,979 48

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
$85.00
$1,179.03
$9,917.73
A m ount paid for
$3,124.40 $4,529.30 $1,000.00
.04
.57
4 .8 0
Cost per $1,000 of assets
1.51
2.20
.48
2.81
Cost per $1,000 of assets'not including State tax and rent .
Gross income received during the year, $98,764.47.


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

BANK COMMISSIONER

No. 8.

269

Rates on Investments and Loans (Average on All, 4.99%).
Real estate loans (average rate, 5.16 per cent.): 4J^%, $23,000; 4 % % , $33,500; 5%, $1,001,689.47;
5 ^ % , $42,830; 6%, $207,900.
Personal loans (average rate, 5.29 per cent.): 4J£%, $10,000; 4J^%, $6,000; 4 % % , $38,000; 5%,
$93,289.80; 5J^%, $106,500; 5 % % , $25,000; 6%, $18,425; 6)4% , $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cent.): 3%, $10,000; 3J^%, $123,000;
4%, $175,850; 4}4% , $14,000; 5%, $20,000; 7%, $3,500; 8%, $5,800.
Number of loans not over $3,000 each, 277, amounting to $444,998.90.
55 real estate loans made during year, amounting to $190,002.50.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1914, 2%
Aug., 1914, 2%
Number of deposits during year, 5,440, amounting to
.

.
.
.

Num ber of withdrawals during year, 4,210, amounting to

.

.
.

.

.

.

.
.

.

.
.

.

.

.

.

.

$35,796 71
37,049 93
384,939 92
$457,786 56
365,524 57
$92,261 99

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
$10,000 Hampden Co. 4s
12.000 Boston 4s
5,400 Dubuque, la., 4s
3.000 Saginaw, Mich., 4s
15.000 San Francisco, Cal., 5s
3.000 Stoughton 4s
2.000 Wellesley 4s

$4,500 Baltimore & Ohio 3M>s
5.000 Boston & Albany 3A£s
3.000 Boston & Albany 4s
4.000 Boston & Lowell 4s
5.000 Boston & Maine 3J^s
10.000 Boston & Maine 4s
4.000 Boston & Maine 4)^3
38.000 C., B. & Q. 4s
5.000 Erie & Pittsburgh 3}4s
5.000 Fitchburg 3)^s
5.000 Fitchburg 4s
10.000 Illinois Central 3s
33,500 Illinois Central 3)^s
2.000 Illinois Central 4s
40.000 N. Y „ N. H. & H. 3^s
6.000 N. Y., N. H. & H. 4s
10.000 Sioux City & Pacific 3Hs

Public Funds, Notes.
$9,000 Norwood 4s
1,450 Revere 4s

P$3,000 Upper Coos 4s
5.000 Washington Co. 3)^s
4.000 Wore., Nash. & R. 4s
Street Railway Bonds.
$10,000 Boston Elevated 4s
5.000 Boston Elevated i}4s
10,000 Boston & Northern 4s
5.000 Lynn & Boston 5s
5.000 West End 4J^s
Bank Stocks.
Shs.
52 Nl. Shawmut Bk., Boston
35 Fourth-Atlantic Nl. Bk., Boston
6 First Nl. Bk., Haverhill

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 4,166
597
.
289
218
58
57

Amount.
$78,322 31
48,078 39
46,059 82
80,380 82
42,320 63
57,055 96

. 5,385

$352,217 93

No.
. 2,099
From women
From guardians
5
From religious and chari49
table corporations
96
In trust .

Amount.
$156,581 86
2,298 08

. 2,249

$171,540 83

Totals

55 transfers, amounting to $32,721.99, not included in above table.

D ates

of

E x a m in a t io n ,


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

March 26, 27.

6,908 75
5,752 14

REPO RT OF THE

270

[Pub. Doc.

PEOPLE’S SAVINGS BANK, BROCKTON.*
221 M AIN STREET.
Incorporated February 8, 1895.

H erm an

Number of corporators, 51; number of trustees, 25.

S. H ew ett,

Clerk of the Corporation.

Board of Trustees: G . W .
h a m , J. H . F i e l d , E .
J. S . K e n t , H . L . K

A l d e n , L . E. C h a m b e r l a in , M . A . D a v is , W . L . D o u g l a s , H e r v e y D u n ­
H . F l e t c h e r , R . C . F r a s e r , F . B. G a r d n e r , H . S . H e w e t t , E . B. K e i t h ,
in g m a n , E. M . L o w , C . S. L u d d e n , K e n n e t h M c L e o d , A . T . M o o n e y ,
F . E . P a c k a r d , D a v id P e r k i n s , W il l i a m R a p p , W . A . R e e d , F . P . R ic h m o n d , B e r n a r d S a x ­
to n , G . H . Sn o w , L on W esto n .

Board of Investment:

W . L . D ou g las,

Auditing Committee: F. B.

G ardner,

E.

M . L ow ,

E . B.

F. B.

K e it h ,

G a r d n e r , F . P . R ic h m o n d ,

H.

F. E .

P ackard.

L . K in g m a n .

Deposits draw interest from the first day of March, June, September and December; dividends are
payable the Friday following first Tuesday of M arch and September. Business hours: 9 a .m .
to 2 p . m . ; Saturdays, 9 a . m . to 12 m .; also Saturday evenings from September 15 to June 15 from
7 to 8.30 p . m . for deposits only.

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
Securities acquired in settlement of indebtedness
.
627 loans on real estate (average of each, $4,539.03) .
Less amount due on uncompleted loans .
.
.
53 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $80,000;
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

.

.
.
.

.

.
.
.

.
.
.

.
.
.
.
.
.
$2,851,173 99
.
.
5,200 00
----------------------.
.
.
.
.
.
assessed value, $58,450)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.

.

.

Total Assets

.
.

.

.

.

.

.

$440,091 63
820,538 58
194,087 35
89,602 50
11,687 62
2,845,973 99
293,892 00
74,500 00
74 38
19,187 86
14,428 06
$4,804,063 97

Liabilities.
Due depositors on 23,158 accounts, averaging $199.05 each
.
.
.
.
.
$4,609,575 36
{Accounts opened during year, 4,696; closed, 4<%69; increase, 4%7)
Surplus: —
a. Guaranty fund {2.62% of deposits; increase during year, $13,982.04)
•
■
121,000 00
b. Profit and loss {increase during year, $7,581.98)
.
.
.
.
.
.
13,737 82
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$13,020 81
Less current expenses, etc., not charged off
.
.
.
3,270 02
----------------------9,750 79
Bills payable
.
.
.
.
.
.
.
.
.
.
.
.
.
50,000 00
Total Liabilities

.

.

.

.

.

$4,804,063 97

* Statements of Life Insurance Departments appear on pages immediately following page 393.


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
$7,249.31 $10,003.02
Cost per $1,000 of assets
1.51
2.08
Cost per $1,000 of assets not including State tax and rent

Advertising.
$926.51
.19

Other Expenses. Total.
$3,064.19
$21,243.03
.64
4 .42
2.91

Gross income received during the year, $216,371.88.
Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (average rate, 5.01 per cent.): 4 )4% , $368,500; 4 )4% , $30,000; 5%, $2,096,457;
5y2% , $240,276.99; 6%, $110,740.
Personal loans (average rate, 5.51 per cent.): 4)4% , $55,000; 4 M % . $15,000; 5%, $89,650; 5)4% ,
$15,000; 514%, $17,100; 6%, $32,142; 6 ^ % , $25,000; 7%, $25,000; 7)4.%, $20,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.): 5)4% , $394,500; 4%, $1,002,525;
4M % , $18,000; 4 V2% , $116,000; 5%, $68,000; 5 ^ % , $10,000.
Number of loans not over $3,000 each, 426, amounting to $719,937.99.
81 real estate loans made during year, amounting to $383,075.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: March, 1914, 2%
Sept., 1914, 2%
Number of deposits during year, 53,689, amounting to

$82,197 81
85,322 28
1,427,756 54
$1,595,276 63
1,365,551 30

Number of withdrawals during year, 29,190, amounting to
Net increase in amount due depositors

.

.

.

.

.

$229,725 33

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 3)4s
68.000 Boston 4s
51.000 Brockton 3J4s
20.000 Brockton 4s
9.000 Brockton 4J4s
6.000 Brockton 4)4s
16.000 Fitchburg 4s
2.000 Indianapolis, Ind., 4s
40.000 Los Angeles, Cal., 4)^s
12,200 Lowell 4s
7.000 Lynn 4s
9.000 New Britain, Conn., 4)4s
10.000 Oakland, Cal., 5J4s
10.000 Oshkosh, Wis., 4s
3.000 Quincy 4s
15.000 San Francisco, Cal., 5s
5.000 Seattle, Wash., 4J4s
5.000 Sioux City, la., 4)4s
15.000 Somerville 3)^s
9.000 Andover 4s
3.000 Athol 4s
4.000 Mansfield 4s
4.000 Medway 4s
3.000 Methuen 4s

^^O OPlainville 4s
1.000 Revere 3)^s
7.000 Saugus 4s
2.000 Swampscott 4s
1.000 Wakefield 3)4a
74,825 West Bridgewater 4s
5.000 Westwood 4s
10,000 Kennebec, Me. (W. D.), 3)4s
Public Funds, Notes.
$1,500 Revere 3)4s
Railroad Bonds.
$10,000 Atch., Top. and Santa Fe 4s
50.000 Baltimore & Ohio 3)4s
5.000 Boston & Lowell 4s
205,000 Boston & Maine 4s
25.000 Boston & Maine 4)4s
74.000 C., B. & Q. 4s
22.000 Chic. & No. Western 4s
8.000 Concord & Montreal 4s
15.000 Connecticut River 4s
5.000 Dexter & Piscataquis 4s

Pa$5L)00 Fitchburg 3^s
62.000 Fitchburg 4s
30.000 Illinois Central 3)4a
5,000 Man., Gr. B. & N. W. 3)4s
186,000 N. Y., N. H. & H. 3^s
75.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
19.000 Peoria & N. W. 3)4s
10.000 Portland Terminal Co. 4s
10.000 Providence Terminal Co. 4s
10.000 Washington Co. 3)4s

Street Railway Bonds.
$45,000 Boston Elevated 4s
5.000 Boston Elevated 4)4s
75.000 Boston & Northern 4s
10.000 Boston & Revere 5s
5.000 Georgetown, Row. & Ips. 5s
10.000 Old Colony 4s
6.000 Wakefield & Stoneham 5s
18.000 West End 4s
30.000 Worces. & Southbridge 4)4a

Classification of Deposits received during the Year ending October 31, 1914.
No.
O f $50 and less
48,692
Over $50, not over $100 . 2,732
Over $100, not over $200
1,133
Over $200, not over $500
744
239
Over $500, under $1,000
145
O f $1,000 or more

Amount.
$461,012 35
215,640 48
171,148 37
258,718 53
172,038 52
146,830 71

From women .
From guardians
From religious and <
table corporations
In trust .
Totals

Totals
4

No.
. 12,749
216

Amount.
$561,719 09
6,105 68

245
. 22,819

16,873 56
123,272 63

. 36,029

$707,970 96

. 53,685 $1,425,388 96

transfers, amounting to $2,367.58, not included in above table.
D ates

of

E x a m in a t io n


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

and

A u d it ,

November 23-Decem ber 4 inclusive.

272

REPO RT OF THE

[Pub. Doc.

PEOPLES SAVINGS BANK, HOLYOKE.
365 HIGH STREET.
Incorporated March 19, 1885.

J ohn

E.

C lark,

Number of corporators, 45; number of trustees, 17.

President.

F . H . C h a m b e r l in ,
John

H il d r e t h ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: G . P. B. A l d e r m a n , O. D . A l l y n , T. S . C h i l 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 i n k , L. M . G a y l o r d , L. G. H e i n r i t z , J o h n H i l 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 i l l i a m M c C o r k i n d a l e , R . T . O a k e s , J. A . S u l l i v a n ,
C. H. T aber.

Board of Investment:

J.

E.

C l a r k , J. A . S u l l iv a n , J.

Auditing Committee: J. N.

H ubbard,

J. C.

N.

H ubbard,

H ubbard, R . T . Oak es, G .

O. D .

P. B.

A lderm an.

A llyn.

Deposits draw interest from first day of February, M ay, August and November; dividends are pay­
able the third Tuesday of M ay and November. 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
424 loans on real estate (average of each, 86,270.59) .
.
.
.
.
.
.
57
loans on personal security
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................

$206,925 34
419,962 50
118,052 75
75,000 00
67,529 00
75,787 00
2,658,729 41
507,360 00
189,626 9 3 5,281 99

. $4,324,254 92

Total Assets

Liabilities.
Due depositors on 9,315 accounts, averaging $435.03 each
.
.
.
.
(Accounts opened during year, 2,062; closed, 1,468; increase, 604)
Surplus: —
а. Guaranty fund (2.71% of deposits; increase during year, 810,000)
.
б. Profit and loss {increase during year, SI 9,089.68) .
.
.
.
.
Total Liabilities

.

.

.

.
.

.

$4,052,315 77

.

.

110,000 00
161,939 15

.

$4,324,254 92

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$4,749.79
$9,424.98
$1,333.32
$139.35
$2,851.39
$18,498.83
.63
4 .2 5
Cost per $1,000 of assets
1.10
2 .18
.31
.03
2 .84
Cost per $1,000 of assets not including state tax and rent .
Gross income received during the year, $196,989.24.


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

273

BANK COMMISSIONER.

No. 8.'

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5 per cent.): 5%, $2,658,729.41.
Personal loans (average rate, 5.14 per cent.): 5%, $431,730; 5)^% , $6,500; 6%, $69,130.
Bonds, stocks, etc. (average rate on amounts invested, 4.11 per cent.): 3J^%, $180,000; 4%, $668,000;.
4 y2%, $50,000; 5%, $21,500; 6%, $700; 7%, $24,300; 8%, $5,000; 10%, $11,000.
Number of loans not over $3,000 each, 267, amounting to $472,200.30.
30 real estate loans made during year, amounting to $320,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2%
Number of deposits during year, 16,730, amounting to

$70,108 15
73,046 42
1,029,216 74

Number of withdrawals during year, 9,956, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$1,172,371 31
856,320 62

.

$316,050 69

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 4s
30.000 Fall River 4s
50.000 Hartford, Ct., 4)^s
25.000 Holyoke 4s
50.000 Worcester 4s
3,000 Van Buren, Me. (W. D .), 4s

$50,000 Delaware & Hudson Co. 4s
25.000 Fitchburg 3Hs
50.000 Fitchburg 4s
80.000 N. Y„ N. H. & H. 3^s
50.000 N. Y „ N. H. &H.4s
45.000 Old Colony 4s

Railroad Bonds.
$25,000 Boston & Albany 4s
100,000 Boston & Maine 4s

Street Railway Bonds.
$15,000 Boston Elevated 4s
50,000 Boston & Northern 4s

Par Value.
$7,000 Holyoke 5s
50,000 West End 4s

Bank Stocks.
Shs.
20 Hadley Falls Nl. Bk., Holyoke
110 Holyoke Nl. Bk.
223 Home Nl. Bk., Holyoke
7 Monson Nl. Bk.
145 Chapin Nl. Bk., Springfield
50 Chicopee Nl. Bk., Springfield

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.
.
.

No.
13,135
1,854
729
535
144
151

Amount.
$240,002 73
149,543 97
112,023 47
186,119 18
99,467 77
151,057 16

16,548

$938,214 28

No.
7,293
From women
27
From guardians
From religious and chari108
table corporations .
11
From labor unions
1,425
In trust .
.
.
.

Amount.
$381,219 05
5,015 04

8,864

$518,540 83

Totals

182 transfers, amounting to $91,002.46, not included in above table.

D ates

of

E x a m in a t io n ,


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

March 18, 19.

8,458 43
695 00
123,153 31

274

REPORT OF THE

[Pub. Doc.

PEOPLE’S SAVINGS BANK, WORCESTER.
450 M AIN STREET.
Incorporated M ay 13, 1864. Number of corporators, 132; number of trustees, 27.
C h a e l e s M . B e n t , President.
F b e d e b i c k W . W h i t e , Treasurer.
G e o b g e A . G a s k i l l , Clerk of the Corporation.
Board of Trustees: G. I . A l d e n , C . M . B e n t , A . H . B u l l o c k , G e o b g e C e o m p t o n , A l e x a n d e b D e W i t t , R . B . D o d g e , W . T . F o e b e s , G. A . G a s k i l l , A. W . G i f f o e d , H. W . G o d d a b d , H. F.
H a e b is , A . S. 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 , E . W . K in s l e y ,
J . C . M a c I n n e s , C . F. M a e b l e , H . A . M a b s h , P . B . M o e g a n , G. A . S m i t h , C . M . T h a y e b ,
A l f e e d T h o m a s , M . J . W h i t t a l l , W i l l i a m W o o d "w a r d , H o b a c e W y m a n , A . O . Y o u n g .
Board of Investment: C . M . B e n t , A l e x a n d e b D e W i t t , H. W . G o d d a b d , W . W . J o h n s o n , H . F.
H a e b is .

Auditing Committee: A. H . B u l l o c k , G. A . G a s k i l l , E . W . K i n s l e y .
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.
STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. C o. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
1,844 loans on real estate (average of each, $4-,253.16)
96 loans on personal security
.
.
Bank building and fixtures (estimated value, $225,000; assessed value, $208,000)
Real estate b y foreclosure, etc. (assessed value, $4,000)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items

$2,191,323
3,318,451
592,961
146,471
99,669
113,913
7,842,829
1,894,620
190,000
5,067
157
238,029
19,592

45
75
65
87
23
71
56
00
00
57
32
95
91

Total A s s e t s . ..........................................$16,653,088 97
Liabilities.
Due depositors on 32,461 accounts, averaging $481.26 each
{Accounts opened during year, 5,107; closed, 4,466; increase, 641)
Surplus: —
a. Guaranty fund {5.04% of deposits; increase during year, $25,650)
b. Profit and loss {increase during year, $53,324-97) .
Current incom e: ■—Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$9,729 33
Less current rent account paid and not charged
o f f ..........................................................................
1,806 34

. $15,622,111 91
787,650 00
102,319 77
$152,542 96

11,535 67
--------------Total Liabilities

.

.

.

.

.

141,007 29
$16,653,088 97

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$33,059.29 $24,428.32 $4,500.00 $3,099.89
$9,394.76
$74,482.26
Cost per $1,000 of assets
1.98
1.47
.27
.19
.56
4 .4 7
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .22
Gross income received during the year, $762,420.66.
Rates on Investments and Loans (Average on All, 4.64%).
Real estate loans (average rate, 4.96 per cent.): 4%, $30,000; 4J^%, $463,850; 4<H%. $90,000; 5%,
$7,242,965.90; 5J^%, $4,000; 6%, $12,013.66.
Personal loans (average rate, 5.21 per cen t.): 4 K % . $34,000; AfA%, $603,000; 4?/$%, $25,000; 4 % % .
$149,000; 4% % , $25,000; 5%, $266,920; 5M % , $1,000; 5y2% , $288,400; 5H % , $45,800; 6%,
$248,350; 6J^%, $98,000; 6M % . $85,000; 7%, $25,150.
Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.): 3%, $25,000; 3J^%, $1,490,000;
3M % . $52,855; 4%, $3,951,020; 4M % , $95,000; 4 ^ % , $504,495; 4 % % , $2,500; 5%, $260,000;
6%, $64,200; 8%, $28,500; 10%, $40,000.
Number of loans not over $3,000 each, 1,037, amounting to $1,853,732.22.
175 real estate loans made during year, amounting to $961,693.66.


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

275

BANK COMMISSIONER.

No.

Dividends, Deposits and Withdrawals.
$291,560 57
297,594 10
2,636,794 65

Ordinary dividends declared during year: Feb., 1914, 2%
Aug., 1914, 2%
Number of deposits during year, 45,963, amounting to

$3,225,949 32
2,820,701 42

Number of withdrawals during year, 35,333, amounting to

$405,247 90

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Ronds.
Par Value.
$25,000 Massachusetts 3s
100.000 Massachusetts 3Ks
50.000 Massachusetts 4s
50.000 Essex Co. 4s
25.000 Augusta, Me., 4s
145.000 Boston 3J^s
245.000 Boston 4s
5.000 Bridgeport, Ct., 4s
25.000 Brockton 4s
9.000 Brockton 4J^s
26.000 Cambridge 3J^s
20.000 Cambridge 4s
25.000 Chelsea 4s
20.000 Everett 4s
10.000 Fall River 4s
20.000 Fitchburg 3J^s
3.000 Gloucester 4s
4.000 Haverhill 4s
5.000 Holyoke 4s
20.000 Lawrence 4s
50.000 Los Angeles, Cal., 4}^s
21,820 Lowell 4s
50.000 Minneapolis, Minn., 4s
50.000 Minneapolis, Minn., 4J^s
105.000 New Bedford 4s
15.000 Newburyport 33^s
25.000 Pittsburgh, Pa., 434s
30.000 Pittsfield 4s
11.000 Springfield 4s
47.000 Somerville 33^s
20.000 Seattle, Wash., 4J^s
50.000 Syracuse, N. Y., 4J^s
39.000 Taunton 3Hs
21.000 Taunton 4s
60.000 Troy, N. Y., 4s
175.000 Worcester 3J^s
306.000 Worcester 4s
12.000 Acton 4s
10.000 Danvers 4s
20.000 Dalton 4s
30.000 Meriden, Ct., 4s
12.000 Milton 3}^s
25.000 Norwich, Ct., 3}^s
12.000 Revere 3J^s
5.000 Wakefield 4s
10.000 Watertown 4s

$9,000 Winchester 3}^s
4.000 Winchester 4s
Public Funds, Notes.
$5,700 Auburn 4s
2,295 Auburn 4)^s
11,500 Auburn 6s
7.000 Boylston 3%s
10.000 Boylston 4s
1,200 Boylston 4J^s
2,500 Boylston 4Ms
20.000 Charlton 4s
500 Charlton 6s
12.000 Northbridge 3%s
3.000 Oxford 3J^s
33,855 Oxford 3Ms
20.000 Oxford 4J^s
4.000 Phillipston 4s
3.000 Uxbridge 4s
Railroad Bonds.
$25,000 Bangor & Aroostook 5s
50.000 Boston & Albany 3J^s
266.000 Boston & Albany 4s
9.000 Boston & Albany 4J/£s
27.000 Boston & Lowell 33^s
31.000 Boston & Lowell 4s
5.000 Boston & Lowell 43^s
129.000 Boston & Maine 3>^s
109.000 Boston & Maine 4s
91.000 Boston & Maine 4J^s
40.000 Boston & Providence 4s
27,200 Burl. & Mo. R. 6s
60.000 C., B. & Q. 33^s
192.000 C., B. & Q. 4s
75.000 Chic., Mil. & St. Paul 4J^s
50.000 Chicago & Northw. 4s
25.000 Chic., R. I. & Pac. 4s
50.000 Cleveland & Pittsburgh 3}^s
80.000 Concord & Montreal 4s
21.000 Conn. River 33^s
20.000 Conn. & Passumpsic Rivs. 4s
14.000 Dakota & Gt. Southern 5s
55.000 Delaware & Hudson 4s
75.000 Erie & Pittsburgh 3J^s
39.000 Fitchburg 3J^s

$134^00Fitchburg 4s
2,000 Fitchburg 4J^s
30.000 Fitchburg 5s
200.000 Illinois Central 3J-^s
40.000 Illinois Central 4s
50.000 Louisville & Nashville 4s
10.000 Louisville & Nashville 4J^s
33.000 Me. Cent. & E. & N. A. 4s
50.000 Michigan Cent. 3}^s
109.000 New England 4s
50.000 Mil., L. S. & W. 5s
50.000 N. Y. C. & H. R. 3^s
25.000 N. Y., Lack. & West. 6s
111.000 N. Y „ N. H. & H. 3^s
325.000 N. Y., N. H. & H. 4s
55.000 Norwich & Worcester 4s
151.000 Old Colony 4s
50.000 Port. & Rumford Falls 4s
50.000 Portland Terminal Co. 4s
84.000 Rome, Water. & Ogdens. 5s
50.000 St. P., Minn. & Man. 4s
25.000 Sullivan Co. 4s
28.000 Western Pennsylvania 4s
82.000 Wore., Nash. & Roch. 4s
Street Railway Bonds.
$92,500 Boston Elevated 4s
142.000 Boston Elevated 4J^s
102.000 Boston & Northern 4s
24.000 East Middlesex 4s
13.000 Fitchburg & Leominster 4}^s
13.000 Lynn & Boston 5s
7.000 N. B., Middle & Brock. 5s
80.000 Old Colony 4s
15.000 Springfield St. Ry. 4s
96.000 West End 4s
25.000 Worcester Consolidated 4}^s
7.000 Worcester Consolidated 5s
Bank Stocks.
Shs.
25 Nl. Bk. of Commerce, Boston
285 Nl. Shawmut Bk., Boston
100 Second Nl. Bk., Boston
55 State Nl. Bk., Boston
300 Worcester Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more .

Amount.
$744,051 11
424,085 41
292,573 40
470,572 22
315,273 25
357,490 83

45,895 $2,604,046 22

Totals
68

No.
36,377
5,452
1,931
1,347
451
337

No.
11,520
From women .
43
From guardians
From religious and chari481
table corporations
7
From labor unions .
556
In trust .
.
.
.

Amount.
$724,436 73
31,388 64

12,607

$900,827 48

Totals

transfers, amounting to $32,748.43, not included in above table.
D ates

op

E x a m in a t io n ,


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

M arch 3 0 -April 4 inclusive.

68,222 59
773 00
76,006 52

276

REPORT OF THE

[Pub. Doc.

PLYMOUTH SAVINGS BANK, PLYMOUTH.
36 M AIN STREET.
Incorporated June 11, 1828.
C h ables

S.

D a v is ,

Number of corporators, 27; number of trustees, 17.

President.
Jam es

Jam es

E.

B abtlett,

D . T huebeb,

Clerk of the Corporation.

Treasurer.

Board of Trustees:

J . E. B a b t l e t t , W . G . B e o w n , M o b t o n C o l l i n g w o o d , J . W . C o o p e e , C. S.
D a v i s , H . B . D a v i s , G . L . G o o d i n g , F. J . H e a v e n s , E . E. H o b a e t , F. C . H o l m e s , W . S. K y l e ,
A bth u e L o bd , G eobge M a b b e t t , L . B . R e e d , J ohn R u ssell, J. D . T h u e b e b , T . R . W atso n .

Board of Investment:

C.

S.

Auditing Committee: J. E.

D a v is ,

H. B.

B abtlett,

D a v is ,

C. S.

G . L.

G o o d in g ,

F. J.

H eaven s.

D a v is , G e o b 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 3 p . m .

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds .
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
458 loans on real estate (average of each, $1,719.43)
32 loans on personal security
.
.
.
Bank building and fixtures (estimated value, $54,000; assessed value, $54,000)
Real estate b y foreclosure, etc. (assessed value, $7,050)
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.

$293,000
880,500
25.000
55.000
45,835
263,787
19,500
787,498
605,375
25.000
6,700
68,324
4,150

00
00
00
00
00
00
00
00
00
00
00
99
50

$3,079,670 49

Total Assets

Liabilities.
Due depositors on 6,692 accounts, averaging $413.36 each
(Accounts opened during year, 732; closed, 585; increase, 147)
Surplus: —
a. Guaranty fund (4-92% of deposits; increase during year, $3,000)
b. Profit and loss (decrease during year, $5,192.54)
Current incom e: —
a. Interest .
.
.
.
.
.
.
$56,245 75
b. R e n t ...............................................................
1,053 28

.

136,000 00
122,973 09

$57,299 03
2,842 12
-----------------

Less current expenses not charged off
Total Liabilities

$2,766,240 49

.

54,456 91

. $3,079,670 49

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$6,570.13
$7,060.00 $1,000.00
$1,676.79 $16,306.92
' .54
5.28
Cost per $1,000 of assets
2.13
2 .29
.32
Cost per $1,000 of assets not including State tax and rent .
2.83
Gross income received during the year, $159,755.09.


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

No. 8.]

BANK COMMISSIONER,

277

Rates on Investments and Loans (Average on All, 5.30%).
R e a l esta te lo a n s

(average rate, 5.22 per cent.): 4)^% , $4,300; 5%, $563,693; 5 } 4 % , $83,860; 6%,

$135,645.
Personal loans (average rate, 5.05 per cent.): 4%, $3,000; 4 M%> $130,000; 4J^%, $150,000; 4 % % ,
$25,000; 5%, $42,275; 5 K % , $45,000; 5 ) 4 % , $95,000; 5 % % , $15,000; 6%, $30,100; 6 ^ % ,
$45,000; 6M % , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 5.44 per cent.): 2%, $5,000; 3J^%, $120,000;
4%, $255,000; 4LC%, $110,000; 4)^% , $40,000; 5%, $389,800; 6%, $514,200; 8%, $102,900;
10%, $32,800; 12%, $27,000.
Number of loans not over $3,000 each, 450, amounting to $491,388.
49 real estate loans made during year, amounting to $99,780.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2}4%
.
.
.
.
.
July, 1914, 2 } 4 % ..........................................
Number of deposits during year, 4,827, amounting to
.
.
.
.
.

Number of withdrawals during year, 5,416, amounting to
Net increase in amount due depositors

.

.

.

.
.

.

.

.

.

.

.

$64,476 62
65,605 01
355,078 55

.

$485,160 18
404,239 01

.

$80,921 17

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 New York 4J^s
100.000 Boston 4s
100.000 Boston 4J^s
15.000 Cambridge 4s
10.000 Fall River 4%s
15.000 New Bedford 5s
25.000 San Francisco, Cal., 5s
5,000 Plymouth 4s

Public Funds, Notes.
$5,000 Plymouth County 4)^s
3.000 Plymouth 4s
5.000 Plymouth 6s

Railroad Bonds.
Par Value.
$50,000 Bangor & Aroostook 5s
15.000 Boston & Maine 4J^s
10.000 Chic., Mil. & St. Paul 6s
123.000 Chic. & Northwestern 6s
50.000 Chic., R. I. & Pac. 4s
21.000 Chic., St. P., Minn. & O. 6s
20.000 Detroit & Bay City 5s
30.000 Housatonic 5s
50.000 Louisville & Nash. 5s
4,000 Louisville & Nashville 6s
54.000 Montana 6s
25.000 New England 5s
125.000 New Orleans & Mobile 6s
65.000 N. Y., N. H. & H. 3^s
30.000 N. Y., N. H. & H. 4s
100.000 No. Maine Seaport 5s
58.000 Pitts., McK. & Yough. 6s
25.000 St. Paul & No. Pacific 6s
22.000 San Francisco & San J. V. 5s
10.000 Spokane Falls & Northern 6s

Street Railway Bonds.
$10,000 Boston Elevated 4J^s
15,000 Boston Elevated 5s
Bank Stocks.
Shs.
7 Abington NI. 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
80 Brockton Nl. Bk.
250 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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
. 3,586
603
281
239
83
35

Amount.
$77,262 00
50,242 55
43,849 00
85,131 00
63,594 00
35,000 00

. 4,827

$355,078 55

No.
From women
. 1,578
From guardians
1
From religious and charitable corporations
20
37
In trust .
Totals

Totals
D ates

op

E xam in ation , M ay 25, 26.


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

.

. 1,636

Amount.
$149,502 00
600 00
4,391 00
5,911 00
$160,404 00

278

REPO RT OF THE

[Pub. Doc,

PLYMOUTH FIVE CENTS SAVINGS BANK, PLYMOUTH.
44 M AIN STREET.
Incorporated April 6, 1855.

Number of corporators, 38; number of trustees, 19.

H obace M . Saundebs , President.
W illiam W . B be w ste b , Treasurer.
H en by W . B ae n es , Clerk of the Corporation.
Board of Trustees: E. B. A tw ood , T . W . B a il e y , H. W . B ab n es , J. C. B ab n es , H. W . B abtlett , W .
L. B oyden , G. W . B badfobd , W . W . B bew ste b , E . L. B ubgess , S. A . C h apm an , C. C. D oten ,
W . T . E ldbidge , B. W . G ooding , C. P. H atch , R ichabd H olmes, J. S. R obbins , H. M .
Saundebs , C. A . Steong , J. B. W ashbubn .
Board of Investment: C. P. H atch , C. A. Steong , W . L. B oyden , W . T . E ldbidge , W . W . B bew steb .
Auditing Committee: G. W . B badfobd , C . A . Steong , J. B. W ashbubn .
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 .

STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
762 loans on real estate (average of each, $1,788.67)
Less amount due on uncompleted loans .

$312,275
533,942
100,940
24,700
40,900
24,200

00
50
00
00
00
00

1,362,972
126,375
12,500
255
221
6
41,073
11,289

50
00
00
53
14
76
48
43

5Ó
00

27 loans on personal security
Bank building and fixtures (estimated value, $15,000; assessed value, $20,100)
Real estate b y foreclosure, etc. (assessed value, $200)
Taxes, insurance, etc., paid on mortgaged properties
Suspense account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
Total Assets

$2,591,651 34

Liabilities.
Due depositors on 8,343 accounts, averaging $288.47 each
.
.
.
.
.
(Accounts opened during year, 993; closed, 718; increase, 275)
Surplus: —
a. Guaranty fund (5.02% of deposits; increase during year, $1,265.70) .
.
.
b. Profit and loss (increase during year, $17,434-99) .
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$29,022 40
b. R e n t ...............................................................
29 82
----------------------$29,052 22
Less current expenses not charged off
.
.
.
.
2,355 30
— — ----- —


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

Total Liabilities

.

$2,406,681 47
120,765 70
37,507 25

26,696 92

. $2,591,651 34

279

BAN K COMMISSIONER.

No. 8.'

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
Total.
$34.05
$1,835.53 $12,166.02
.01
.71
4 .7 0
................................................................... 2.77

State Tax (Net). Salaries.
Rent.
Amount paid for
$4,192.46 $5,303.98
$800.00
Cost per $1,000 of assets
1.62
2 .0 5
.31
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $117,681.36.

Rates on Investments and Loans (Average on All, 4.76%).
Real estate loans (average rate, 5.03 per cen t.): 4J^%, $23,000; 5%, $1,281,387.50; 5J^%, $1,550; 5}-^%,
$4,600; 6%, $52,435.
____
Personal loans (average rate, 5.53 per cen t.): 4^2%, $40,000; 5%, $24,875; 6%, $11,500; 6J^%, $50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 2%, $5,000; 3%, $10,000; 3 ^ % ,
$228,000; 3M % . $4,000; 4%, $483,450; 4 H % , $10,000; 4 V2% , $191,000; 5%, $85,500; 6%,
$24,100; 8%, $17,300; 10%, $1,000; 12%, $4,000.
Number of loans not over $3,000 each, 655, amounting to $739,327.50.
77 real estate loans made during year, amounting to $151,770.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 8,291, amounting to
.

$45,087 73
45,764 46
391,001 36

.

$481,853 55
426,191 72

Number of withdrawals during year, 5,551, amounting to
N et increase in amount due depositors

.

.

.

.

.

.

.

.

$55,661 83

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$5,000 Bay City, Mich., 5s
25.000 Beverly 4s
15.000 Boston 4s
25.000 Brockton 4s
25.000 Chelsea 4s
25.000 Fall River 33^s
13.000 Haverhill 4s
35.000 Los Angeles, Cal., 4J^s
11,700 Lowell 4s
35.000 New Bedford 4s
50.000 Omaha, Neh-, 4bis
6,000 Oshkosh, Wis., 4s
10.000 South Norwalk, Conn., 4^(s
4.000 Plymouth 3%s
6,050 Plymouth 4s
16,000 Concord 4s
Public Funds, Notes.
$1,000 Plymouth 3Jd>s
4,500 Plymouth 4s
2,200 Plympton 4s

Railroad Bonds.
Par Value.
$35,000 Baltimore & Ohio 3J^s
25.000 Bangor & Aroostook 5s
20.000 Boston & Albany 3b¿s
10.000 Boston & Lowell 4s
30.000 Boston & Maine 4s
30.000 Boston & Maine 4J^s
10.000 Boyer Valley 3}^s
15.000 Chic. & Northwestern 3J^s
10.000 Concord & Montreal 4s
40.000 Connecticut River 4s
15.000 Fitchburg 4J4ÍS
6.000 Fre., Elk. & Mo. Valley 6s
10.000 Illinois Central 3s
25.000 Illinois Central 3}is
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. 3V2a
30.000 N. Y.,N . H. & H. 4s
10.000 No. Maine Seaport 5s

$35,000 Old Colony 4s
10.000 Portland Terminal Co. 4s
30.000 Providence Terminal Co. 4s
12.000 Rome, Watertown & Og. 5s
10.000 Washington County 3J^s
Street Railway Bonds.
$16,000 Boston Elevated 4s
36.000 Boston Elevated 4J^s
18.000 West End 4s
25.000 West End 4)^s
Bank Stocks.
Shs.
40 First Nl. Bk., Boston
21 First Ward Nl. Bk., Boston
137 Nl. Shawmut Bk., Boston
15 Webster & Atlas Nl. Bk., Boston
60 Brockton Nl. Bk.
76 Old Colony Nl. Bk., Plymouth
45 Plymouth Nl. Bk.
10 Third Nl. Bk., Springfield

Classification of Deposits received during the Year ending October 31, 1914.
No.
Amount.
Amount.
No.
$155,402 25
. 3,107
From women
$99,134 73
6,033
Of $50 and less
776 67
From guardians
53,548 76
665
Over $50, not over $100
From religious and c
45,546 67
292
Over $100, not over $200
64
5,427
66
table corporations .
75,717 80
222
Over $200, not over $500
18,022 87
.
157
In trust .
55,252 98
74
Over $500, under $1,000
34,000 00
34
Of $1,000 or more
$179,629 43
. 3,333
Totals
7,320 $363,200 94
Totals
.
.

3

971 transfers, amounting to $27,800.42, not included in above table.
D ates

of

E x am in atio n , July 23, 24.


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

[Pub. Doc,

REPORT OF THE

280

PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF
SALISBURY AND AMESBURY, AMESBURY.
3

M AR KET STREET.

Incorporated February 28, 1828. Num ber of corporators, 45; number of trustees, 11.
S eth C la r k , President.

A lfred C. W eb ster , Treasurer.
C harles L. A llen , Clerk of the Corporation.

Board of Trustees: C. L. A llen , J. E . B la k e , Seth C l a r k , J ohn C u r r ie r , W . W . H aw k e s , H. B.
L ocke , A. N. P a r r y , R . P. T r u e , A . C. W eb ster , D an iel W ebster , A. G . W ille y .
Board of Investment: W . W . H a w k e s , A . C. W eb ster , D a n iel W ebster .
Auditing Committee: C. L. A llen , A . G. W il l e y , J. E . B la k e .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are pay­
able the fourth W ednesday of April and October. Business hours; 9 a .m . to 2 p .m .; Saturdays,
9 a .m . to 12 M.

STATEM ENT OF CONDITION, OCTOBER 31, 1314.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
343 loans on real estate (average of each, $2,084-69) .
.
.
.
.
.
.
33 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $12,000; assessed value, $14,460)
.
.
R eal estate b y foreclosure, etc. (assessed value, $28,405) .
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................

$912,500 00
639,000 00
235,000 00
57,000 00
67,200 00
10,001 00
697,900 00
891,700 00
10,000 00
15,848 64
89,422 95
12,947 62

Total A s s e t s .......................................... $3,638,520 21

Liabilities.
Due depositors on 7,645 accounts, averaging $428.26 each
(Accounts opened during year, 414! closed, 468; decrease, 9.)
Surplus: —
a. Guaranty fund (4-96% of deposits; increase during year, $632.84)
b. Profit and loss (increase during year, $21,065.80) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
$6,888 36
b. R e n t ...............................................................
104 40
Less current expenses not charged off

$3,274,084 14
162,348 87
195,075 43

$6,992 76
655 99
6,336 77
675 00

Unearned discount


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

.

Total Liabilities

.

. $3,638,520 21

No.

BANK COMMISSIONER.

281

T otal Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$11,245.29 $6,508.31
C ost per $1,000 of assets
3.09
1.79
Cost per $1,000 of assets not including State tax and rent

Advertising.

Other Expenses.
Total.
$994.17 $18,747.77
.27
5.15
2.06

Gross income received during the year, $164,314.67.

Rates on Investments and Loans (Average on All, 4.57%).
Real estate loans (average rate, 5.03 per cen t.): 5%, $669,000; 5J4%, $12,000; 6%, $16,900.
•
Personal loans (average rate, 5.07 per cen t.): 4J4%, $50,000; 4M % , $100,000; 4<k%, $25,000; 414%.
$230,000; 4% % , $30,000; 5%, $107,500; 5J4%, $51,500; 6%, $297,700.
Bonds, stocks, etc. (average rate on amounts invested, 4.18 per cen t.): 3)4% , $245,000; 4% , $1,329,000;
414%, $254,500; 5%, $40,600; 6%, $10,000; 8%, $43,900; 12%, $7,700.
Number of loans not over $3,000 each, 302, amounting to $281,700.
36 real estate loans made during year, amounting to $40,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2 %
Number of deposits during year, 3,800, amounting to
.

.

Number of withdrawals during year, 5,420, amounting to
Net increase in amount due depositors

.

.

.

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

.

.

.

.

.

.

.

$62,937 08
63,127 94
282,937 79

.

$409,002 81
394,326 84

.

$14,675 97

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Beverly 4s
50.000 Boston 314s
125.000 Boston 4s
55.000 Cambridge 314s
20.000 Cambridge 4s
50.000 Chelsea 4s
25.000 Chicago, 111., 4s
25.000 Cleveland, 0., 414s
20.000 Fall River 4s
46.000 Haverhill 4s
60.000 Kansas City, Mo., 4J4s
25.000 Lewiston, Me., 4s
50.000 Los Angeles, Cal., 414s
25.000 Lynn 4s
25.000 Malden 4s
9.000 Medford 4s
51.000 New Bedford 4s
2.000 Somerville 4s
10.000 Taunton 314s
20.000 Taunton 4s
105.000 Amesbury 4s

Street Railway Bonds.

$39,500 Ámesbury 414s
25.000 Arlington 4s
25.000 Billerica 4s

$100,000 Boston Elevated 4s
25.000 Boston Elevated 414s
60.000 Springfield 4s
50.000 West End 4s

Railroad Bonds.
$75,000 Boston & Albany 3}4s
40.000 Boston & Maine 4s
25.000 Boston & Maine 414s
30.000 Boston, R. B. & L. 414s
25.000 Boyer Valley 314s
100,000 C., B. & Q. 4s
35.000 Chicago & Northwestern 4s
30.000 Cleveland & Pittsburgh 314s
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 Co. 4s
40.000 Sullivan County 4s
14.000 Wore., Nash. & R. 4s

Bank Stocks.
Shs.
100 Powow River Nl. Bk., Amesbury
35 Boylston Nl. Bk., Boston
50 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
32 Webster & Atlas Nl. Bk., Boston
33 Bay State Nl. Bk., Lawrence
7 Union Nl. Bk., Lowell

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 2,889
.
417
171
132
39
47

Amount.
$58,842 94
34,217 55
28,399 82
48,926 90
27,864 32
47,765 00

. 3,695

$246,016 53

No.
. 1,745
From women
4
From guardians
From religious and charitable corporations
91
46
In trust .

Amount.
$137,100 00
1,842 32

. 1,886

$160,558 05

Totals

105 transfers, amounting to $36,921.26, not included in above table.
D ates

of

E xam ination


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

and

A u dit , September 14-18 inclusive.

10,814 74
10,800 99

282

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, 122; number of trustees, 24.
A rthub T . L yman , President.
H enry P ar km an , Treasurer.
S. H untington W olcott , Clerk of the Corporation.
Board of Trustees: G ordon A bbott , C. F. A dams , 2d, O liver A mes , P hilip C ab ot , C. E . G otting ,
A llan C urtis , C. P. C ur tis , L ivingston D a v is , P. Y . D e N ormandie , P hilip D e x t e r , W illiam
F arnsw orth , G . R . F ea rin g , Jr., E . N. F enno , W . C. F orbes , E . W . G r e w , J. C. H ow e ,
W alter H unn ew ell , G. V on L. M e y e r , T heophilus P arsons , R . G. Sh a w , Jr., A . B. Silsbee ,
R . H . Stevenson , Jr., E . V. R . T h a y e r , L. S. T uckerman .
Board of Investment: G. F. A dams , 2d, L ou is C ur tis , G ordon A bbott , C. E . C otting , W alter
H unn ew ell , W illiam F arnsw orth , P hilip D e x t e r , E . V. R . T h ayer .
Auditing Committee: R . G. Sh a w , Jr., J. C. H ow e , L ivingston D a v is .
Deposits draw interest from first W ednesday of January, April, July and October; dividends are pay­
able after the third W ednesday of January and July. Business hours: 9 a .m . to 2 p . m .
STATEM ENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
Street railway b o n d s ...............................................................................................j
]
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
387 loans on real estate (average of each, $53,320.09)
.
.
.
.
.
.
163 loans on personal security
Bank building and fixtures (estimated value, $1,450,000; assessed value, $1,450,000)
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
t

$7,944,383
11,622,600
l ’029’000
960 000
900^000
369 375
’
lo'oOO
20,634’875
\ 9,272^575
'.
’570^000
1,395,860
]
’ 56,210

32
00
00
00
00
00
00
00
00
00
97
98

Total A s s e t s ..........................................$54,764,880 27
Liabilities.
Due depositors on 104,108 accounts, averaging $491.42 each
.
.
(Accounts opened during year, 9,560; closed, 9,425; increase, 135)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $51,000)
b. Profit and loss (increase during year, $1,508.46)
.
.
.
Current incom e: —
a. I n t e r e s t ............................................................... $612,559 56
b. R e n t ...............................................................
25,749 99
T
----------------------Less current expenses not charged off
.
.
.
.
Total Liabilities .

.

.

.
.

.

.
.

.

$51,160,560 82
.

.

$638,309 55
46,469 83
----------------------.

.

.

2,560,000 00
452A79 73

591,839 72
$54,764,880 27

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$118,703.60 $72,834.67 $36,000.00
Cost per $1,000 of assets
2 .1 7
1.33
.66
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total. .
$15,170.31 $242,708.58
.28
4 .4 4
1.61

Gross income received during the year, $2,359,246.84.
Rates on Investments and Loans (Average on All, 4.26%).
Real estate loans (average rate, 4.09 per cen t.): 3)4,%, $708,000; 3M % , $595,000; 3M % , $1,343,000:
4%, $10,417,875; 4)/g%, $1,016,000; 4 M % , $3,149,750; 4<^%, $50,000; 4J^%, $2,309,250; 4 M % ,
$167,000; 5%, $868,200; 5M % , $10,000; 6%, $800.
’
' /4 /o ’
Personal loans (average rate, 4.84 per cent.): 4M % , $2,317,000; 4 ^ % , $200,000; 414%, $3,182,175:
4Ys%, $90,000; 4M % , $420,000; 5%, $759,500; 5)4% , $165,000; 5 ^ % , $981,400; 6%, $172,900;
6M % , $200,000; 6M % , $744,600; 7%, $40,000.
/0


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

283

BANK COMMISSIONER.

No. 8.]

Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cen t.): 3.30%, $50,000; 3.45%, $51,300;
3 ^ % , $4,502,613.32; 3.56%, $16,000; 3.60%, $59,000; 3 ^ % , $37,020; 3.65%, $37,900; 3.70%,
$105,000; 4%, $15,618,500; 4)4% , $749,500; 4 ^ % , $847,000; 5%, $954,000; 6%, $199,600;
7%, $61,200; 8%, $173,100; 10%, $100,000.
Number of loans not over $3,000 each, 78, amounting to $137,025.
14 real estate loans made during year, amounting to $436,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1914, 2%
July, 1914, 2%
Number of deposits during year, 101,629, amounting to .

$958,506 32
973,629 29
6,811,047 38

Number of withdrawals during year, 89,609, amounting to

$8,743,182 99
7,516,372 99
$1,226,810 00

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$344,000 Massachusetts 3J^s
325.000 Massachusetts 4s
100.000 New York, State of, 4s
50.000 Augusta, Me., 4s
1,090,000 Boston 4s
400.000 Boston 4Ks
50.000 Burlington, Vt., 4s
50.000 Detroit, Mich., 4s
50.000 Haverhill 4s
109.000 Holyoke 4s
25.000 Lawrence 4s
576.000 Lowell 4s
100.000 Lynn 4s
600.000 New Bedford 4s
40.000 New Britain, Conn., 4s
150.000 New Haven, Ct., 4s
285.000 Pawtucket, R. I., 4s
30.000 Pittsfield 4s
1,000,000 Providence, R. I., 4s
124.000 Quincy 4s
219.000 Rutland, Vt., 4s
286.000 Springfield 4s
259,500 Springfield 414s
96.000 Stamford, Ct., 4s
17.000 Waltham 4s
12.000 Woburn 4s
100.000 Worcester 4s
25.000 Attleborough 4s
14.000 Braintree 4s
51,300 Brookline 3.45%
78.000 Brookline 3)4s
26.000 Brookline 3.60%
80.000 Brookline 4s
20.000 Foxborough 4s
37,500 Grafton 4s
25.000 Leominster 4s
10.000 Lexington 4s
175.000 Manchester 4s

PasZoO(rriverton, 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 4J4s
105,000 Essex Co. 3.70%
50.000 Lowell 3^8
158,433 North Adams 3J^s
33.000 North Adams 3.60%
14.000 North Adams 3%a
37,900 North Adams 3.65%
50.000 Pittsfield 3.30%
10,180 Brookline 3J4s
16.000 Brookline 3%i6S
23,020 Brookline 3%a
Railroad Bonds.
$50,000 Albany & Susque. 3J4s
100.000 Allegheny Valley 4s
50.000 Atch., Top. & Santa Fe 4s
300.000 Baltimore & Ohio 3J4s
100.000 Bangor & Aroostook 5s
310.000 Boston & Albany 4s
100.000 Boston & Albany 4J4s
290.000 Boston & Albany 5s
216.000 Boston & Lowell 4s
50.000 Boston & Lowell 4J4s
200.000 Boston & Maine 4s
150.000 Boston & Maine 4)^s
180.000 Boston & Providence 4s
113.000 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
436.000 Chic. & Northwestern 5s

$50,000 Chic., R. I. & Pac. 4s
100.000 Concord & Montreal 4s
250.000 Connecticut River 4s
500.000 Delaware & Hudson Co. 4s
950.000 Fitchburg 4s
250.000 Fitchburg 414s
350.000 Illinois Central 314s *
450.000 Illinois Central 4s
350.000 Louisville & Nash. 4s
190.000 Louisville & Nash. 414s
100.000 Mich. Cen,-Jol.& No.Ind. 4s
100.000 Minn. & Iowa 3J4s
200.000 New England 4s
300.000 N. Y. & N. E. Term. 4s
390.000 N. Y., N. H. & H. 314a
450.000 N. Y., N. H. & H. 4s
86,600 N. Y., N. H. & H. 6s
1,000,000 Old Colony 4s
200.000 Portland Terminal Co. 4s
250.000 St. P., Minn. & Man. 4s
107.000 Upper Coos 414s
672.000 Vermont & M ass. 314 s
Street Railway Bonds.
$250,000 Boston Elevated 4s
400.000 Boston & Northern 4s
100.000 Old Colony 4s
365.000 West End 4s
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

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more

No.
Amount.
75,163 $1,652,876 87
14,661 1,157,233 48
5,494
834,053 39
3,784 1,324,176 60
1,235
853,614 17
842
847,628 00

From women .
From guardians
From religious and <
table corporations
In trust .
Totals

101,179 $6,669,582 51

Totals

450 transfers, amounting to $141,464.87, not included in above table.
D ates

of

E xam in ation , M ay 13-16 inclusive.


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

No.
Amount.
. 65,012 $4,353,483 62
70
23,783 30
i-

.

199
7,915

29,354 20
234,688 42

. 73,196 $4,641,309 54

284

REPORT OF THE

[Pub. Doc.

QUINCY SAVINGS BANK, QUINCY.
1374 HANCOCK STREET.
Incorporated March 18, 1845.

Number of corporators, 35; number of trustees, 12.

J ohn Q. A . F ield , President.
C larence B urgin , Treasurer.
•
G eorge E. A dams , Clerk of the Corporation.
Board o f Trustees: G E. A dams , R . D . C h a se , R . F. C laflin , H. E. C r a n e , J. H. E m ery , H. M . F a x o n ,
J. Q. A. F ield , E . B. M ar sh , G. A . Sidelin ger , F. H. Sm ith , H. F. Sp e a r , H. T . W hitm an .
B o a r d ^ Investment: J. Q. A. F ie l d , R . D . C h ase , R . F. C la flin , H. T . W hitm an .
Auditing Committee: H. F. S pea r , G. E . A dams , R . F. C la flin .
Deposits draw interest from the first Tuesday of January, April, July and October; dividends are pay­
able W ednesday following first Tuesday of April and October. Business hours: 8.30 a . m to
3 p . m .; Saturdays, 8.30 a .m . to
m.

12

STATEMENT OF CONDITION, OCTOBER 31, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
.
1,168 loans on real estate (average of each, $2,532.09)
Less amount due on uncompleted loans .
.
.
.

.

.
\
|

.
.

.
.
.

.
.

$2,969,702 14
12,217 00

.

33 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $83,568.14; assessed value, $82,100) .'
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
Total Assets

$341,000
1,272,816
145,333
82,977
40,985
9,000

00
25
90
50
00
00

2,957,485
305,937
83,568
31,244
3,133

14
04
14
82
18

. $5,273,480 97

Liabilities.
Due depositors on 17,005 accounts, averaging $286.30 each)
.
.
{Accounts opened during year, 1,836; closed, 1,554; increase, 282)
Surplus: —
a. Guaranty fund {4.93% of deposits; increase during year, $13,000)
b. Profit and loss {increase during year, $24,413.60) .
.
.
.
Current incom e: —
a. I n t e r e s t ................................................................$22,694 61
b. R e n t ................................................................
319 28
r
.
x
„
--------------------Less current expenses not charged off
.
.
.
.
.


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

.

.

. $4,868,560 02
240,000 00
142,871 11

.

$23,013 89
964 05
22,049 84

Total Liabilities

.

. $5,273,480 97

No. 8.]

BANK COMMISSIONER.

285

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Am ount paid for
$8,263.63
$9,062.83
$1,200.00
$180.25
$3,407.15
$22,113.86
Cost per $1,000 of assets
1.57
1.72
.23
.03
.65
4 .2 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .4 0
Gross income received during the year, $239,972.03.

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 5.04 p ercen t.): 4 ^ % , $254,450; 5%, $2,299,570.14; 5)4% , $286,840;
6%, $116,625.
Personal loans (average rate, 5.57 per cent.): 4)4% , $25,000; 4)4% , $50,000; 5%, $91,000; 5 )4 % ,
$35,523; 6%, $34,414.04; 7%, $20,000; 7)4% , $50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.01 per cent.): 3%, $25,000; 3)4% , $25,000;
3 ) 4 % , $590,000; 4%, $1,003,000; 4)4% , $50,000; 4)4% , $89,000; 5%, $104,000; 6%, $10,000;
8% , $ 20 ,000 .
Number of loans not over $3,000 each, 964, amounting to $1,697,486.25.
104 real estate loans made during year, amounting to $284,412.50.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 19,321, amounting to

$90,335 64
91,305 40
1,003,940 57
$1,185,581 61
1,124,214 99

Number of withdrawals during year, 15,223, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

$61,366 62

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$75,000 Massachusetts 3)4s
75.000 Boston 4s
5.000 Brockton 4s
50.000 Fall River 4)4s
32.000 Haverhill 4s
3.000 Melrose 4s
25.000 Minneapolis, Minn., 3)4s
25.000 Pittsburgh, Pa., 3)4s
9.000 Quincy 4J4s
25.000 Waterbury, Ct., 4s
7.000 Needham 4s
10.000 Randolph 4s

$50,000 Boston & Albany 4s
20.000 Boston & Maine 3)4s
50.000 Boston & Maine 4s
60.000 Boston & Maine 4)4s
25.000 Boyer Valley 3)4s
115.000 Chic., Burl. & Quincy 3)4s
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 3)4s
50.000 Fitchburg 4s
25.000 Illinois Central 3s
95.000 Illinois Central 3)4s
15.000 Illinois Central 4s
10.000 Michigan Central 3)4s
10.000 N. Y. Cent. & H. R. 3)4s
100.000 N. Y., N. H. & H. 3)^s

Railroad Bonds.
$25,000 Atch., Top. & Santa Fe 4s
15.000 Baltimore & Ohio 3)4s
65.000 Bangor & Aroostook 5s

$176^000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
25.000 Old Colony 3)4s
45.000 Providence Term. Co. 4s
25.000 St. Paul, Minn. & Man. 4s
25.000 Washington Co. 3)£s
25.000 Wore., Nash. & Roch. 4s
Street Railway Bonds.
$80,000 Boston Elevated 4s
20.000 Boston Elevated 4)4s
50.000 Boston & Northern 4s
Bank Stocks.
Shs.
200 Commonwealth Tr. Co., Boston
100 Nl. Mt. Wollaston Bk., Quincy

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

.
.
.
.

No.
15,489
2,098
910
555
165
90

Amount.
$283,215 89
167,943 97
136,274 59
188,242 98
116,882 57
101,513 05

19,307

$994,073 05

No.
From women .
10,852
12
From guardians
From religious and ebari192
table corporations
From labor unions .
37
231
In trust .
.
.
.

Amount.
$509,146 62
2,877 54

11,324

$545,067 38

Totals

14 transfers, amounting to $9,867.52, not included in above table.
D ates

of

E x a m in a t io n ,


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

January 12-14 inclusive.

16,243 27
1,905 66
14,894 29

286

REPORT OF THE

[Pub. Doc.

RANDOLPH SAVINGS BANK, RANDOLPH.
M AIN STREET.
Incorporated April 14, 1851.

R ufus

A.

T hayeb,

Number of corporators, 32; number of trustees, 12.

President.
P a t r ic k

H . M c L a u g h l in ,

N. I r v in g
Clerk of the Corporation.

T olm an,

Treasurer.

Board of Trustees: J. A .

B r e n n a n , A . L . C h a s e , S. T . C r a w f o r d , J. H . F i e l d , A. P . F r e n c h , H. F .
F r e n c h , F . C . G r a n g e r , E . M . M a n n , P . H . M c L a u g h l i n , 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 of Investment: J.

K . W il l a r d ,

Auditing Committee: P. H.

N . I.

M c L a u g h l in ,

T olm an,

J. A .

J. A .

B rennan,

B rennan, F. C. G ranger.

J. H.

F ie l d .

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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
294 loans on real estate (average of each, $3,976.27)
Less amount due on uncompleted loans .

00
50
00
00
00
65

1,169,025
119,821
44,681
4,876

00
00
06
66

$1,169,225 0Ó
200 00

7 loans on personal security .
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
Total Assets

$61,950
551,822
75,000
31,825
15,500
20,973

.

.

' .

$2,095,474 87

.

Liabilities.
Due depositors on 3,915 accounts, averaging $488.66 each
(Accounts opened during year, 270; closed, 220; increase, 50)
Surplus: —
a. Guaranty fund (5% of deposits: increase during year, $1,600) .
h. Profit and loss (increase during year, $12,478.48) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.


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

.
Total Liabilities

.

.

$1,913,091 66
95,678 00
77,617 51

$9,064 78
502 08
8,562 70
525 00
. $2,095,474 87

287

BAN K COMMISSIONER

No. 8.]

T otal Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
State Tax (Net). Salaries.
Rent.
$1,477.61
$158.90
Amount paid for
$3,638.21 $3,000.00
$360.00
.70
.07
C ost per $1,000 of assets
1.74
1.43
.17
C ost per $1,000 of assets not including State tax and rent .

Total.
$8,634.72
4 .11
2.20

Gross income received during the year, $97,446.73.

Rates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5.29 per cen t.): 5%, $550,500; o}4 % , $562,050; 6%, $56,475.
Personal loans (average rate, 5.06 per cent.): 4J^%, $50,000; 5%, $50,000; 5}^% , $4,121; 6%, $700;
7%, $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.11 per cent.): S}4% , $25,000; 4%, $578,000;
4 y2% , $75,000; 5%, $52,500; 7%, $800; 8%, $6,000; 10%, $6,200.
Number of loans not over $3,000 each, 137, amounting to $233,825.
28 real estate loans made during year, amounting to $86,300.

Dividends, Deposits and Withdrawals.
$37,000 56
37,413 56
166,361 25

Ordinary dividends declared during year: April, 1914, 2%
Oct., 1914, 2%
Number of deposits during year, 1,785, amounting to

Number of withdrawals during year, 2,480, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$240,775 37
223,883 34

.

$16,892 03

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$25,000 Belfast, Me., 4s
5.000 Randolph 4s
8.000 Rockland 4s
25,000 Kennebec, Me. (W. D.), 3)^s
Railroad Bonds.
$25,000 Bangor & Aroostook 5s
50.000 Boston & Albany 4s
5,000 Boston & Lowell 4s
68.000 Boston & Maine 4s

Par Value.
$25,000 Boston & Maine 4)^s
25.000 Boston & N. Y. Air Line 4s
25.000 Chicago & Northwest. 4s
15.000 Conn. & Pass. Rivers 4s
25.000 Delaware & Hudson 4s
10.000 Fitchburg 4s
25.000 Fitchburg 4Ks
30.000 Illinois Central 4s
70.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
80.000 Old Colony 4s
27.000 Portland Terminal Co. 4s
25.000 Sullivan County 4s

Street Railway Bonds.
Par Value.
$50,000 Boston Elevated 4s
25,000 Boston Elevated 4p^s

Bank Stocks.
Shs.
25 Nl. Union Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
62 Home Nl. Bk., Brockton
35 Nl. City Bk., Lynn
25 Taunton Nl. Bk.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals

No.
. 1,233
.
241
120
103
34
39

Amount.
$22,166 09
19,829 09
18,437 08
35,237 69
24,805 59
40,019 05

. 1,770

$160,494 59

Totals

15 transfers, amounting to $5,866.66, not included in above table.

D ate

of

E x a m in a t io n ,


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

M arch 9.

No.
913
5

Amount.
$85,641 89
1,297 84

12
85

2,607 61
16,791 63

. 1,015

$106,338 97

.
From women
From guardians
From religious and cbaritable corporations
In trust

288

REPORT OF THE

[Pub. Doc.

REVERE SAVINGS BANK, REVERE.
327 BROADW AY.
Incorporated April 12, 1912.

A lfred

S. H a l l ,

Number of corporators, 72; number of trustees, 37.

President.

W il l is G . B o n d ,
A lb e r t J. B r o w n ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: Z. G. B a k e r , G. M . B e m i s , W . G. B o n d , 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 , A . B. C a r t e r , C . F. C h i s h o l m , C . E . C l i s b e e , F. M . C r a i g , 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 , F. H . F a r r e l l , A. M . F i l a d o r a , G. W . F o l s o m ,
T. W . G i l l e t t e , A. S. H a l l , C . W . H a l l , H . J. H a r d i n g , L. L. H a r t w e l l , W . H . J o h n s o n , A.
G. K i r b y , A . H . M a g u n e , M . M . M u l l i g a n , P. C . N o b l e , I. P. P a r k , R o b e r t P i r i e , J. R.
P r o c t o r , F. G. R o g e r s , T . V. S a r g e n t , 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 , H . L. Y o u n g .

Board of Investment: C.

Auditing Committee:

H.

B row n,

P. C. N oble,

I.

C.

F . C h is h o l m ,
S h u r t l e f f , Jr.

A .

S.

H all,

T.

V.

Sa r g e n t ,

J.

B .

P . P a r k , F . G . R ogers.

Deposits draw interest from fifteenth day of February, M ay, August and Novem ber; dividends are
payable M ay lo and Novem ber 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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
24 loans on real estate (average o f each, $1,683.83)
Less amount due on uncompleted loans .

$ 1,000
2,697
3,868
843

00
00
80
75

40,400
8,977
452
734
438

00
50
25
53
25

’ $40,750 0Ó
350 00

17 loans on personal security
Furniture and fixtures .
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
Total Assets

$59,412 08

Liabilities.
Due depositors on 1,400 accounts, averaging $41.88 each .
{Accounts opened during year, 649; closed, 232; increase, 417)
Surplus: —
a. Guaranty fund (.31% of deposits; increase during year, $119.62)
b. Profit and loss (increase during year, $45.82)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities

$58,632 90
179 68
111 25
$1,000 69
512 44
---------------

488 25
$59,412 08

289

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$59.83
$450.00
$300.00
$45.50
$245,81
$1,101.14
Cost per $1,000 of assets
1.01
7.57
5 .05
.76
4 .1 4
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
12.47

Gross income received during the year, $2,859.02.

Rates on Investments and Loans (Average on All, 5.64%).
Real estate loans (average rate, 5.93 per cent.): 5)4% . $6,150; 6%, $33,950; 7%, $300.
Personal loans (average rate, 5.38 per cen t.): 4 % % , $500; 5%, $4,977.50; 6%., $3,500.
Bonds, stocks, etc. (average rate on amounts invested, 4.52 per cen t.): 3J^%, $1,000; 4%, $4,000; 4)4% ,
$3,000; 5%, $1,000.
Number of loans not over $3,000 each, 30, amounting to $42,140.45.
10 real estate loans made during year, amounting to $14,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1913, 2%
M ay, 1914, 2 %
Number of deposits during year, 3,598, amounting to
.

.

Number of withdrawals during year, 1,308, amounting to
Net increase in amount due depositors

.

.

.

.
.
.
.
.
..........................................,
.
.
.

.
.

.
•

.
•

.
•

$597 11
793 30
50,970 14

.

$52,360 55
35,125 92

•

$17,234 63

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$1,000 Revere 4J4s

$1,000 Concord & Montreal 4s
1.000 Fitchburg 4s
1.000 N. Y „ N. H. & H. 3)is

Street Railway Bonds.
Par Value.
$1,000 Leominster, Shirley & Ayer 5s
1.000 Old Colony 4s
1.000 West End 4)4s
1.000 Worcester & Southbridge 4)4s

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
Of $1,000 or more
Totals
D ate

op

No.
. 3,434
89
32
36
3
4

Amount.
$20,820 46
7,171 67
5,002 26
11,537 77
2,437 98
4,000 00

. 3,598

$50,970 14

E x a m in a t io n ,


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

April 13.

No.
. 1,852
From women
1
From guardians
From religious and chari1
table corporations .
2
From labor unions
47
In trust

Amount.
$21,113 44
100 00

. 1,903

$28,052 55

Totals

10 00
138 00
6,691 11

REPORT OF THE

290

[Pub. Doc.

ROCKLAND SAVINGS BANK, ROCKLAND.
5
Incorporated M arch 30, 1868.

CHURCH STREET.
Number of corporators, 50; number of trustees, 15.

Josiah A. T obbey , President.
H aeby W . B urrell, Treasurer.
C larence E. R ice , Clerk of the Corporation.
Board of Trustees: A lbert C ulver , A. W . D onovan, J. E . F rench, H. E. F uller , W . M . H urley,
E dwin M ulready , A . A. P helps, J. A. R adcliffe, J. S. Smith , J. J. Spence , J. W . Spence,
J. F. T hompson, E. P. T obrey , H. S. T orrey, J. A. T orrey.
Board of Investment: J. A. T orrey, A. A. Phelps, A lbert C ulver , H. E. F uller , E. P. T orrey.
Auditing Committee: E dwin M ulready , H. E. F uller , J. S. Smith .
Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable
the W ednesday 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, 1914.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
705 loans on real estate {average of each, $1,873.75) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.
.

.

.
.

.
.
.
.
.

.
.
.
.
.
.

.

.

.
.

.

.
.
.
.
.
.
.
.
.
.
.
.
$1,324,992 90
4,000 00

56 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $75,000; assessed value, $63,125)
Real estate b y foreclosure, etc. (assessed value, $11,350) .
Taxes, insurance, etc. paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
Total Assets

.

.

.

.

.

$106,209
439,553
106,083
34,293
4,100
12,576

00
50
00
75
00
22

1,320,992
72,663
58,000
10,727
717
22,620
2,452

90
00
00
55
65
36
22

$2,190,989 15

Liabilities.
Due depositors on 5,924 accounts, averaging $336.93 each
.
.
.
.
.
(Accounts opened during year, 751; closed, 61A; increase, 137)
Surplus: —
a. Guaranty fund {,4.99% of deposits; increase during year, $5,114-32)
.
.
b. Profit and loss (increase during year, $6,558.90)
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$33,943 86
Less current expenses not charged off
.
.
.
.
2,013 22
-----—--------------Suspense account
.
.
.
.
.
.
.
.
.
.
.
.
Total Liabilities

.

.

.

.

.

$1,996,008 73
99,543 24
61,435 84

31,930 64
2,070 70
$2,190,989 15

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising.
Amount paid for
$2,683.39 $3,845.00
$500.00
$2.50
Cost per $1,000 of assets
1 .22
1.75
.23
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $102,522.74


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

Other Expenses.
$1,367.67
.62

Total.
$8,398.56
3 .8 2
2 .37

291

BANK COMMISSIONER.

No. 8.3

Rates on Investments and Loans (Average on All, 5.03%).

Real estate loans (average rate, 5.46 per cent.): 5%, $571,303; 5)4%, $3,200; 5)4%, $288,131; 6%,
$458,358.90.

Personal loans (average rate, 5.38 per cent.): 5%, $40,813; 5)4%, $8,575; 6%, $23,275.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3)4% >$169,000; 4% , $344,500;
4)4%, $1,500; W i% , $63,000; 5%, $115,200; 6%, $19,500; 10%, $400.
Number of loans not over $3,000 each, 646, amounting to $669,455.90.
50 real estate loans made during year, amounting to $112,188.90.

Dividends, Deposits and Withdrawals.
$45,619 47
37,849 84
368,389 92

Ordinary dividends declared during year: Jan. 1914, 2)4%
July, 1914,
2%
Number of deposits during year, 5,648, amounting to

$451,859 23
369,122 17

Num ber of withdrawals during year, 5,341, amounting to

$82,737 06

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Boston 4s
1.000 Brockton 4s
5.000 Dubuque, la., 4s
10.000 Los Angeles, Cal., i)4s
4.000 Medford 4s
4.000 New London, Ct., 4s
6.000 Newton 4s
4.000 Pittsfield 3^s
5.000 Portland, Ore., 4s
10.000 Portland, Ore., 4J^s
15.000 Quincy 4s
10.000 San Francisco, Cal., 5s
5.000 Sioux City, la., 4J4s
8.000 Taunton 4s
3.000 Abington 4s
1,500 Hanover i)4s
5.000 Rockland 4s

$10,000 Boston & Albany 3)4s
15.000 Boston & Albany 5s
12.000 Boston & Lowell 4s
27.000 Boston & Maine 4s
10.000 Boyer Valley 3)4s
40.000 C., B. & Q. 31/2s
10.000 C., B. & Q. 4s
10.000 Chicago & Northwestern 4s
15.000 Chicago & Northwest. 5s
6.000 Concord & Montreal 4s
5.000 Dexter & Piscataquis 4s
5.000 Erie & Pittsburgh 3)4s
25.000 Fitchburg 4s
10.000 Fitchburg 5s
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. 3Ks
16.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
15.000 Old Colony 4s
15.000 Penobscot Shore Line 4s
6.000 Pitts., Va. & Charleston 4s
10.000 Portland Terminal Co. 4s

Railroad Bonds.
$15,000 Atch., Top. & Santa Fé 4s
10,000 Bangor & Aroostook 5s

Par Value.
$10,000 Princeton & Northwest. ) S
10,000 Somerset Ry. 4s
2.000 Upper Coos 4s
5.000 Washington Co. 3)4s
5.000 Wore., Nash. & R. 4s

34

Street Railway Bonds.
$15,000 Boston Elevated 4s
28.000 Boston Elevated 4)^s
20.000 Boston Elevated 5s
10.000 Boston & Northern 4s
4,000 Brockton 5s
10.000 West End 4s
10.000 West End 4p£s
10.000 West End 5s
Bank Stocks.
Shs.
12 Abington Nl. Bk.
4 Merchants Nl. Bk., Boston
25 Rockland Trust Co.

Classification of Deposits received during the Year ending October 31, 1914.
Of $50 and less
Over $50, not over $100
Over $100, not over $200
Over $200, not over $500
Over $500, under $1,000
O f $1,000 or more
Totals

No.
. 4,294
.
699
.
292
217
49
39

Amount.
$80,259 91
57,657 36
44,589 36
78,051 23
34,878 92
42,100 00

. 5,590

$337,536 78

No.
. 2,495
From women
29
From guardians
From religious and chari79
table corporations
From labor unions
1
.
551
In trust .

Amount.
$147,800 30
1,993 85

. 3,155

$169,949 82

Totals

58 transfers, amounting to $30,853.14, not included in above table.
D ates

op

E xamination


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

and

A udit , April 21-28 inclusive.

6,438 95
400 00
13,316 72

292

REPO RT OF THE

[Pub. Doc.

SALEM SAVINGS BANK, SALEM.
125 W ASHINGTON STREET.
Incorporated January 29, 1818. Number of corporators, 105; number of trustees, 23.
C harles S. R ea , President.
James Y oung , Jr., Treasurer.
F rank S. P erkins , Clerk of the Corporation.
Board of Trustees: G. H. A llen , H. P. B enson , W . D. C happle, W . A. C hisholm, D . P. C offin,
E. J. Fabens , G. R. F elt , H. O. F uller , G. W . G rant , G. R. Jewett , J. J. M ack , R. M . M a­
honey , W . P. M cM ullan , G. A . M orrill , W . E. N orthey, R obert Osgood, John Pickering ,
F. G. P ousland, C. S. R ea , D. A. V arney , G. A. V ickery , G eorge W est, R ichard W heatland .
Board of Investment: C. S. R ea , G. R. Jewett , D. A. V arney , G. H. A llen , R obert Osgood,
W . A. C hisholm .
Auditing Committee: W . A . C hisholm , G. W . G rant , G. R. F elt .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are pay­
able after the third W ednesday 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, 1914.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds .
American Tel. & Tel. C o. bonds
Stocks of banks and trust companies
Securities acquired in settlement of indebtedness
805 loans on real estate (average of each, $4,500.91)
Less amount due on uncompleted loans .

$1,806,407
2,129,994
685,875
100,000
176,750
156,000
100

00
50
00
00
00
00
00

3,623,236
2,426,449
60,000
34,449
901
127,807
15,037

60
15
00
85
00
68
31

60
00

77 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $121,500)
Real estate b y foreclosure, etc. (assessed value, $40,200) .
.
.
.
Taxes, insurance, etc. paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

$11,343,008 09

Total Assets

Liabilities.
Due depositors on 20,661 accounts, averaging $511.04 each
.
.
.
.
.$10,558,640
{Accounts opened during year, 2,713; closed, 2,155; increase, 558)
Surplus: —
o. Guaranty fund {4-92% of deposits; increase during year, $25,000)
.
.
.
520,000
6. Profit and loss (increase during year, $54,807.90) .
.
.
.
.
.
261,331
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$2,829 65
Less current expenses not charged off
.
.
.
.
1,532 27
----------------------1,297
Insurance account
.
.
.
.
.
.
.
.
.
.
.
.
1,738
Total Liabilities

.

.

.

.

.

45
00
36

38
90

$11,343,008 09

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising.
Amount paid for
$25,480.35 $20,393.60 $2,500.00
$745.78
Cost per $1,000 of assets
2 .2 5
1.80
.22
.06
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $493,170.95.


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

Other Expenses.
Total.
$3,698.66 $52,818.39
.33
4 .6 6
2.19

BANK COMMISSIONER.

No. 8.

293

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.83 per cent.): 4%, $275,200; 4 M % , $21,000; 4J^%, $627,500; 4J^%,
$60,000; 5%, $2,609,036.60; 5M % , $17,250; 5 % % . $3,450; 6%, $9,800.
Personal loans (average rate, 5.03 per cen t.): 4 R % , $200,000; 4 ^ % , $35,000; 4M % , $697,000; 4 ^ % ,
$112,000; 4 ^ % . $240,500; 5%, $410,649.15; 5M%, $25,000; 5M%. $50,000; 5M%, $176,300;
5M%. $33,000; 6%, $234,500; 6M %, $162,500; 7%, $50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3%, $159,000; 3Mo%. $20,000;
3 ^ o% . $10,500; 3M %- $50,000; 3)^% , $1,133,500; 3.65%, $5,000; 4% , $1,667,500; 4M % , $75,000;
4 M % , $938,000; 5%, $779,500; 5M % , $25,000; 6%, $69,500; 7%, $46,000; 8%, $25,500; 10%,
$58,300; 12%, $37,800.
Number of loans not over $3,000 each, 520, amounting to $911,137.32.
137 real estate loans made during year, amounting to $564,500.
Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1914, 2%
.
.
.
.
.
O ct., 1 9 1 4 , 2 % ..........................................
Number of deposits during year, 18,515, amounting to